/biz/ - Business & Finance

>>24814509
Most are just gamblers who got lucky. They turned up at the casino with enough cash at the right time and were stupid enough to hold long enough for massive gains to be realized.
Very few actually saw an opportunity, ask anons on /biz/ to explain what "chainlink oracles" actually are.

>>24814509
Stop buying shitcoins newfaggot.

>>24814546
So based on my bad luck I guess I'm stock holding boomer index funds like SPY.

>>24814553
What other choice I got? I only can invest up to $1000 a month. But I feel like I won't have any significant gains if I put it all on BTC.

>>24814613
You'd be better off than 90% of /biz/ doing that. You can still invest in meme stocks early on if the hype is strong enough. Most recent occurrences were PLTR and APXT, there was a decent amount to be made during the (short-lived) bull run on these stocks. TSLA was a huge meme that lived up to expectations and beyond. Find the next one and make it 20% of your portfolio.

>>24814668
You gave me a serious reply in the sea of shitposting. Thanks so much anon, I appreciate your advice.

>>24814509
We all just bought for the memes. Should have been here sooner. Sorry.

>>24814637
Alright, this is gonna be the pajeet tier suicide stack:
>3.2 ETH
>100 LINK
>.1 BTC
just try to get to this. Or keep gambling, its up to you. The fact that you bought shit like Cardano and VeChain leads me to believe that you don't know much about crypto though because they are scams

>>24814696
No worries anon, I will buy some more meme stocks/crypto after I build some serious SPY profile. What were some of your meme plays?

>>24814712
Can you redpill me why they are scams? I keep seeing news about Vechain partnerships for example and I see it as bullish. Am I missing something? Also thanks for the suggestion, I will try to get some link.

>>24814756
Watch the China Hustle and you'll never buy a chink coin or stock ever again. The "partnerships" are all smoke and mirrors. No one is using vechain

>>24814691
You'll do well over time because you have the right attitude. Not relying on luck is absolutely key.

>>24814546
It's not luck if you buy projects with actual use and bon anonymous teams. I'm up 200% on RSR and 350% on LGCY. Stop buying meme food farming scams

>>24814509
who told you to buys those? kek

>>24815056
>RSR
>LGWHO
stfu nigger youre gambling

>>24814546

OG linkies who have made the most were not lucky. The level of understanding of Link in 2017-2018 was very high for holders.

Its all the 2020 faggots and 2019 children who cant explain link and unironically own XRP too or even sell it for XRP.

>>24815081
>doesn't know what LGCY is
Retarded scam chaser detected

>>24814509
>putting money into a failed eth killer
>putting money into a chink scam
>putting money into a gaming coin
>putting money into a literally who binance shitcoin
No wonder you fucked up. You built your portfolio on reddit.

>>24814509
did you at least get the UNI airdrop?
that made me feel good about some of my dumb trades

>>24815179
Yes I got 800 UNI for free and sold it for $7. It was nice change for once. Wanted to buy new PS5 but it's out of stock.

I feel privileged to even have access to 4chan and live in a first world country but sometimes I just get envious of other people.

>gambling
>an absolute game of chance where you're almost always not favored

>researching bullshit for hours on end and investing in projects that actually have a future

>>24814546
your point would stand if you just closed your eyes and bought shitcoins, but how is buying wozx at $1 and selling at $3 "gambling"? It was extremely obvious it was going to go up

>>24815108
as a retarded 2020 xrp holder, what are some resources to learn about cryptocurrency? I know I should DYOR but what should I be researching in order to know what makes a coin good or not?

Is cybersecurity something good to learn in this regard?

>>24815295

Hard to say what will red pill a newb. You kinda either get it or you dont in my many years talking to people in this space.

Nobody had to explain why Link was the pinnacle investment outside of maybe Eth or btc to me in 2017. I conceptualised tue oracle problem in my head on my own before i knew link existed or that there was an actual terminology for “oracles” and shit.

So i suppose, you should use resources that give you a very thorough understanding of blockchain itself, smart contracts, why decentralisation matters in those contexts. The rest will make sense. Shit like XRP wont even be a consideration after that.

>>24815522
Interesting, i appreciate your input anon. hopefully i'll be able to dyor to the point that xrp is no longer an option to me, lel.

>>24814509
ENJ moon soon be patient a little longer anon

>>24814509
I started this June as well, so far I have got into Velo at 35c and out at 1.50. Into XRP at 21c and out at 65c, did a 2x in an hour getting in early on an obvious pnd called pirate coin, got nto PRQ under a cent and holding at 14c for a pump to $1. I read, I learn, nobody has taught me anything.

>>24814509
A small but vocal minority. Why do you think you should be able to "spot" opportunities? Not unlike stocks, this ability is knowledge and experience. Your not a fucking genius, experience comes at a price. Your time, or your money. My advise, buy something you are knowledgeable in, have a strong conviction, and ideally is a market leader and will continue to have a large presence in the future. Then hold it. BTC is a obvious choice, real investors and big money is coming into the space. It's the most widely known and accepted by mass swaths of the population, and still has tremendous upside. Your not a loser, yet. Most of these people have been bag holding for years. You are lucky your only stagnant and not cut in half.

>>24814509
>Anyone else feels jealous?
Not really. I've been getting the same kind of gains via leverage trading this year. Waiting for a shitcoin to moon 20x-100x is so 2017.

>>24815594
The biggest things you have to learn/understand here is economics and game theory.
Sure, the tech side is somewhat important, but you could have a project with great tech but horrible token economics
You should be able to look at a project and understand how the devs make money and how you could stand to make money from holding. Are all the coins circulating? Who holds them? Why would someone buy them?
Generally, you can make money off of pump and dumps if youre smart, but its better for a noob to long term hold something economically sound.

>>24815295
I would recommend watching the Michael Saylor podcasts to get an understanding of the possibilities with Bitcoin. Then from there slowly work your way into new altcoins. I learned that when you invest into something you dont understand you will always fall for the FUD and usually emotionally sell when there is a dip.

God damn son you bought the reddit variety pack.
>VET
kek

>>24814509
Its ok OP, if it makes you feel any better the vast majority of LINK investors (all of /biz/ and twitter) just got lucky. Maybe one day you as well

Can someone redpill me on farm scams?
How do they do it? where do they advertise? why do they pull out so early? do they have to use vpns 24/7 to not get caught? can they trade the ETH they stole on Binance if they use tornado cash or they take it off the grid?
what call transaction do they use to drain the pools in 1 call? a not of some sort? are they often solo or they have an entire team behind them?

what do they fork? I've been trying to fork/copy paste MEME, Emoji, Grap, Nyan, but the frontend side never works, I don't know what dependencies I have to install or if there's a completely online method to do it just like Remix.