/biz/ - Business & Finance

stocks are going down, nigger. we are at the very top

>>23434763
ok, but what do we do instead then?

>>23434967
buy link eth and btc and hold never fucking sell simple.

>>23434967
eth
or wander to plebbit and buy stocks if that's what you like

>>23434981
what is the point if you never sell? i want to double my 10k in a year or two
>>23435018
i will like whatever can make my money grow

>>23434709
learn TA, read economics books, keep an eye on the news, backtest ur TA skills on stock charts. Never buy anything shilled here if ur not gonna swing. Study for a year or so, you can transfer your money into ETH or BTC for now

If you will start trading right away, you will lose a lot. Remember that it is a long play and if you were lucky to have some good trades in the beginning doesn`t mean it is easy. At some point during your studying year you may want to start trading, go with >500$. 200$ for forex. Dont use leverage in crypto more than 3x. Dont trade futures. GL fren hope you didn`t read it and will buy into some ponzi to waste ur 10k and then call all this a scam and be a wagie for the rest of ur life

>>23434709
I would hold your cash a little longer, at least until right around the post election dip. Buy the dip, but in the meantime learn some shit about stonks. Options are essentially the right to buy/sell a particular stock at a particular price, you can sell or buy that right. It can be more or less risky depending on how you go about it.
An example
>Stock is at 10 buckaroos
>you have 100 shares as neccessary for collateral
>I dont reasonably think this stock is going to break 12 by Friday
>sell that call option (sell the right to buy)
>collect the Premium
>pray to the lord it doesnt break 12 or you would have missed out on some gains

>>23435061
Also, most traders lose all their fucking money

>>23435096
they are not traders. it takes years to learn and most of the normies just want to get rich quick.

>>23434709
Normie: Stocks
Outcast: BTC
NEET: ETH
Shizo: XRP
Insane: Chainlink
There are your options.

>>23435055
what is ta? and do you have any particular economics books you would suggest? and regarding transfering the money into eth and btc, how safe is that compared to just having it in the bank? i know nothing about cryptocurrency, it all seems kinda sketchy to me. thanks for all the advice fren
>>23435061
wow, that seems more complicated than i thought. any advice where i can go to learn more about options? is it true that they are basically just gambling, with super high risk and potential high reward?
>>23435096
traders are those who buy options? is it really that risky?
>>23435128
which one do i choose to double my money in a year or two?

>>23435350
first, forget options even exist. you will lose
>what is ta? and do you have any particular economics books you would suggest?
investopedia.com
>how safe is that compared to just having it in the bank?
look at inflation
>which one do i choose to double my money in a year or two?
for a simple 2x btc but you'll rope if you don't buy link

>>23435350
Honestly if you weren't a newfag I'd tell you to buy PNK. I'm not sure how far it'll go but it almost did a 2x yesterday and it's guaranteed to do it again.

>>23434709
index funds if you want a slow steady growth over a really long fucking period, try to time apple, amazon, msft, etc stocks good for a good chance to double it in a year, and crypto if you wanna risk going either to 0 or moon shot

>>23435649
fuck i wish i answered this sooner all these retards are going to give shit meme advice and youll miss my post

>>23435128
You forgot
Boomer: Precious Metals

>>23435649
>>23435664
>index funds
>try to time apple, amazon, msft
>all these retards are going to give shit meme advice
look at pe ratio and buybacks, faggot

crypto cfd's bro

>>23435440
thanks fren, i will read investopedia
>for a simple 2x btc but you'll rope if you don't buy link
this means i will hang myself if i dont buy chainlink? i dont know fren, the other anon said that was insane
>>23435637
where can i follow prices like that?
>>23435649
>>23435664
is it normal for /biz/ to give bad advice intentionally? i normally only browse /lit/ and /ck/, and while everyone there memes and fucks with each other, i assumed a place like this would be a less malicious
>>23435811
what in the world is that?

>>23435852
they all just invest in gambling cryptos and i personally wouldnt be comfortable at all putting 100% of my money in there even the pros lose money.

apple amzn and msft stocks just steady up go up every year and theyre definitely going to crash into the ground any time soon. they just got down crashing really bad too so its a good time. just pick top tech stocks and watch them and as soon as you see a big dip throw a chunk of money into it. very good chance of doubling after a year just dont look at it you dont need to

>>23435350
TA is a technical analysis. Retards here call them meme lines, you`ll develop your own opinion i think. >>23435440 anon is right.
>>23435852
Dont listen to what biz says. If you think you are lucky, go on etherscan, find some good trader based on history of his transactions and simply copy all the trades if ur not willing to think for yourself. Maybe it will even make you a good money.

>>23435852
>what in the world is that
they're similar to options except better

>>23435852
CFD`s are contracts for difference. You can trade those at some forex brokers I think. Dont know if you need it though, its always better to keep coins for yourself i think

>>23434709
Listen anon I'm being 100% honest with you. Put your 10k in chainlink with at least a 3-4 year hold. Risk/reward is something you will never ever find again. Wait a few weeks though I think the price will pullback a bit

whatever you do OP dont listen to the link shills

>>23434763

stock are not going down this guy is retarded but you simply can't get these kind of returns in the stock market.

What you have to do is gamble all your money on a shitcoin and hope you are part of the lucky few who don't go broke / find the next Chainlink.

>>23434763
We were at the top every year for the past 50 years you ignorant fuck

>>23435043
... NGMI

>>23435852
>is it normal for /biz/ to give bad advice intentionally?
yes like this retard >>23435916 telling you to buy the very top
>i assumed a place like this would be a less malicious
you assumed wrong. always do your own research
>this means i will hang myself if i dont buy chainlink?
many such cases but btc is pretty much guaranteed 2x

>>23436079

the economy is always at the top, that's no reason not to buy.
if you look historically then buying at ATH is a good idea because you are in a positive trend that's likely to continue. this is not what you'd expect but it's true nontheless.

>>23436011
>>23436044
look at this shit
https://www.longtermtrends.net/sp500-price-earnings-shiller-pe-ratio/

>>23436140

yes, S&P 500 is expensive but if you look at interest rates then it doesn't look expensive anymore.

I can get 8% per year from telecomm companies or banks, meanwhile I get 1% from Bonds.
This is the benchmark, if you can get 5% from bonds then I wouldn't buy stocks at this level but if you get 1% from bonds then stocks is incredibly cheap.

>>23436203
>yes, S&P 500 is expensive
it's not just expensive but inflated with buybacks (they used to be illegal) and such price increases happen right before shit hits the fan and you get shit when it dumps and it will dump

>>23436203
do you just store all your money in it like a bank and then just pull it out when you want it?

Wait until eoy of second wave of covid (eoy) and then invest in stocks of industries which had been hit most by covid (oil, tourism, cruiselines, air travel). Should net you a x2-3 over the next two years.
My bets are: BP, Shell, airbus, tui, carnival.
For crypto, IOTA is a relatively safe bet for a 2-3 over the next 12 months.