/biz/ - Business & Finance

>>28142004
>>28142004
show wallet

Nice larp you no coin faggot

>>28142722
checked. op is a faggot

>>28142004
Kek. >He fell for the return to normal meme

>>28142004
same here. i'm constantly checking biz and crypto twitter every day. i can't wait till the bull market is over and i can sell the majority of my crypto and just move it into less volatile index etf's.

>>28142004
If they’ve become such a burden then allow me to take some off your hands

>>28143548
Fucking hate it.
It's nice to have financial freedom, but I still don't feel free cause I am addicted to gaining MORE.
I want to have a VC fund with focus on longevity projects.
My current net worth is $1.7M but I figure I need at least around $5M to make that goal come true.
Only about 15 - 20 % invested in crypto at the moment though.
Sitting with a 25 % cash allocation cause it feels bubbly as fuck in almost every asset.

>>28142800
checked again

>>28142835
The return to normal doesn't go higher than the peak, Anon.

>>28142835
absolute state of biz... the chart is invalidated you smelly nelly now go get your fucking shinebox

>>28144435
YOU ARE A BROKE LARPER LYING ON A BASKET WEAVING FORUM. CHECK THEM

>>28144435
When you will be at 5M you'll say the same, and the on and on and on.

>>28142004
can you tell me about Auger? I have a bot trapped currently and don't know too much about it unfortunately.

>>28144435
>Sitting with a 25 % cash allocation cause it feels bubbly as fuck in almost every asset.
Finally someone here who isn't a complete retard. Every asset is in a fucking bubble, stocks, crypto, you name it.

>>28143957
Some guild wars player gave me all his money when he stopped playing. I was so rich in an instant.

I still dream about it in real life

>>28145173
The only issue is that it might be a "rational" bubble.
I've previously used valuation measures such as CAPE to check if stocks are overvalued, but with the extremely low interest rate this measure isn't as useful. Excess CAPE Yield (ECY) show that this might be a "rational" bubble:
https://www.bloomberg.com/opinion/articles/2020-12-11/investors-risk-being-shipwrecked-on-shiller-s-cape
M2 money supply grew 25 % last years as oppose to 4 - 6 % during normal years.
It's hard to predict how fiscal and monetary policy will play out so I try to keep my allocations fairly diversified.

>>28144435
>>28145173
they printed 50% of the usd supply last year, and you think crypto is a bubble? oh my sweet summer child lmao enjoy being financially ruined when another 50% inflation comes this year and bitcoin goes up to 100k

>>28142004
You might think it's impossible to forget about crypto but it's not just possible it's easy. You cut yourself from it. Uninstall the apps. Delete the bookmarks. Clear the cache and just don't check it

>>28145068
>When you will be at 5M you'll say the same, and the on and on and on.
Maybe.
I think I'll just heavily diversify and forget about investments at that point if I still have this obsession about finding new good projects and trying to time tops / bottoms.
It's tiresome for real.

>>28145890
>they printed 50% of the usd supply last year, and you think crypto is a bubble?
That's the consensus view, this is nothing new.
I am NOT SURE if this is a rational bubble or an irrational bubble which is why I still have decent crypto exposure.
M2 money supply is what matters.
It grew at an alarming rate, but not with 50 %.
You're probably referring to monetary base.
The monetary base often just sit on the balance sheets of commercial banks and doesn't create CPI inflation or even asset price inflation.
You have to look at broad money supply (M2/M3) which is created by credits.

>>28144435
If your stack ends up becoming multigenerational, you should start funding clean cheap energy or it all goes away. If it comes down to money vs survival of the planet the whole meme loses meaning.

>>28146423
well anyone cashing out their eth/btc for usdc and getting <15% APY returns on that usdc is getting justed by that 30-50% inflation rate anyway. i'll likely never sell my bitcoin because the risk of doing so is too great

>>28146912
>clean cheap energy
There's already tons of institutional money and VC money pouring into this.
I think that's good and I believe cheap solar energy is the absolute most important long-term solution since we have tons of energy hitting the earth 365 days that doesn't get used.

But since it's already so much focus on that area I think that I'd have a too small impact.
I'd rather focus on longevity.
I might put some money into environment protection companies in areas where I think I could have an impact.
People are seriously underestimating the impact of cow and pig farts on global warming.
That constitute 20 % of all the impact on global warming.

>bought 3k of eth in 2017 it now worth 60k
>1k on ark
>1k on 0x
>1k on eos
>1k on FOAM
I just broke even on my 0x bag from 2017-18, I just can pick any winners.
I just dropped .5 eth on DOT, hopefully that gives me a decent return.
It is true though that crypto begins to consume your life as the bull run starts. I can't imagine how bad I'd be if I had a million.

>>28142621
Not going to post the wallet but I was an early investor in ETH.
Some big winners that I bought in 2018 - 2019 have been:
>Fantom (Bought in at $0.004, yes it's very heavily shilled and I have mixed feelings about the project. The degree of involvement from Andre will probably be key for their success.)
>Nexo
>RSR
>VIDT
>Aragon
>Numeraire

>>28147567
This; solar technology is improving rapidly.

>>28142004
I hope it dumps to sub 40k because I sold @ 43k

>>28148192
What's the secret to finding projects that will moon? There's so many coins that seem legit but go nowhere.

>>28148506
Have a good background in tech and/or economics and see the big picture. That or know whales

>>28148506
Get in before /biz/ does. Seeing something on /biz/ is either a signal that you are too late or a signal that you made the right choice.

>>28148710
how do you even find things before biz?

>>28148506
I follow a formula (sorry won't share) to evaluate each project on different factors.
The first thing you have to do is to develop your own formula.
Also, when you're unsure just diversify.
I often diversify quite a lot unless something ticks every box on what I'm lookin for (very rare, like 1 - 2 projects / year).
If you don't follow any form of method to evaluate each project then you're simply gambling, which is fine.
If you don't know what to look for just diversify (or gamble if you need the possibility of 100x+).
You also have to learn how to ride the markets. I got pretty rekt in 2013, but it was nice to get a taste of the bubble dynamics.

>>28142004
Nice LARP, but you're still a homosexual

>>28148990
what is research

>>28149037
What do you reckon is the top for bitcorn this cycle?

>>28150083
300k-600k. number that would have been laughable a few years ago. "institutions" can never be a meme again now. tesla buying changes everything. the entire S&P 500 will follow slowly and even 1% of that sends us to 500k

>>28145890
Dude common lol, doge has a fucking 1billion market cap and you're telling we aren't in a bubble

>>28150547
300-400k was the conclusion I made looking at the log graf after today's pump. I think I have a good idea where we're at this cycle. Probably got another 6 months of bull left. But I'm interested what oldfag OP thinks.

>>28150083
We're already showing a lot of signs of peaking and we could be near, I have a very hard time seeing this do much more than 2.5x - 4x within this year.
The peak will almost certainly come this year, but I can't tell when.
There are tons of things which could make this go much further though.

>Dragging on due to everybody is at home gambling on stocks/crypto due to Covid.
>More excessive monetary/fiscal policy.

Depending on your stack it's not stupid to start taking some profits now. Just be sure that you're fine with a ~ 70 % correction with the stack you keep in.
There are more systemic risks that could pop the bubble in a day:

>Tether getting seized
>Harsh regulation

>>28142004
this is me except I still have a poor fag portfolio.
>invested in a 1000x once, but sold it after a very quick 3x
>invested in many 10-50x....but sold those too early too.
>lost a shitload to scams and liquidations
>went in heavy on the wrong projects that kept my funds tied up while everything else mooned
>trading crypto since 2014.... portfolio still under 20k

>>28151020
Pic related is where we're at. The first leg up is about 30% smaller than back in 2017, so if we scale that up, 200-300k seems about right. Great many parallels with 2017. This was the spring alt run, but I expect the alts to get rekt for a while.

>>28151020
Also tether fud is Qanon-tier schizo. Regulation is more worrisome. Could put a damper on growth. But regulators move slowly.

I'll probably start taking profits around $100k.

i predict 50k end of month 500k eoy, 5m in 3 years.

>>28151549
Maybe.
Just don't use the log extrapolation meme chart as your only guidance.
Sure, everybody is doing it so it becomes somewhat of a self-fulfilling prophecy.
The chart will start breaking down at some point though, the more sophisticated the investors the less reliable the chart will be.
The ability of FOMO to push to the past peaks will probably be lower.
You also have to take into account that Bitcoin is starting to reach some serious milestones.
The total market cap of all gold ETF's and known gold bars held for private investments is at $2.56T.
How much cash is left to be plowed into Bitcoin?

The meme chart is good for guidance, but don't only rely on that, also keep in mind that it will break down at some point, this could be the last or second last cycle before it starts breaking down for real.
Which will be interesting.

>>28147681
>>28145967
>>28144435
>>28142004
surely you just start again... I would put 1m into gold, lock it in a vault and just work 10k into 1m again. either that or i would invest in a local business no strings attached
fuck does everyone lose their imagination when they "make it"? go buy a friend in need a house, or pay for their mother's cancer treatment. idk do something good...

it sounds like you're complaining about a shitty day job

>>28152156
Thanks anon, all good points. I've gotten rekt in 2017/18 after going from 800 to 46k down to 3k. Now I'm a bit wiser. We'll see if that's enough.

>>28151735
>Also tether fud is Qanon-tier schizo.
If you think so.
DYOR research.
There are a lot of red flags.

>Lied about moving $850M
>Lied about that they were going to get audits
>Use stalling tactics

Not going to go full schizo.
But I'd appreciate if you could show me just one other chart with a similar pattern as fall 2018.

>>28145890
I thot it was 22%

>>28152377
Np

>>28152377
I'm with this anon. Finally making some good greens after being annihilated in 2017-2018.

PlanB S2F models also insinuate a peak in around 6-10 months. Probably closer to 6-8 if you ask me, maybe even earlier if everyone sells in anticipation. But we're talking 6 months of some potentially very intense movements, who knows how high we can go?

>>28152481
I mean, the company could do fraudulent shit. I don't know. But I am almost certain USDT is legit. But the bottom line is it would not fundamentally affect bitcoin. The ones holding tether would get rekt and that's that. Of course it would create panic, because cryptards are mostly emotional midwit manchildren. But that's about it. Dunno. Don't lose sleep over it.
>>28152686
Let's just say I'm not all in on shitcoins anymore.

>>28153139
>Let's just say I'm not all in on shitcoins anymore.

Same here. My strat is to allocate no more than 5-10% to alts and to do so at a time when BTC has made incredible gains, because that is usually when money flows into alts - as we have just seen since the January 8 top. I think there will be a more explosive alt season closer to the BTC peak. Oh, and of course diversify small sums into many coins instead of going all in on one random shitcoin that you feel emotionally connected to. That is what I have gathered from talking to a lot of og fags from the early days. Chime in if you would like to help us poorfags, OP.

>>28152481
>chart
That's to be expected though. More money in crypto = higher bitcoin price = more demand for stablecoins. USDT price is determined by the market, they can't just print if there's no demand.

>>28150932
Same conclusion here. I'd say the bull run will come to an end around September.

>>28153432
I'm like 30-40% in alts, but most of that is LINK I've been holding since 17 cents (sold half at 100k sats). Worth noting I'm in 6 figures, I can afford to be mostly in bitcoin and still have a good chance of making it. If you have 5 figures or less, you must go heavy on alts.

>>28153682
>you must go heavy on alts.
..if you want to make it this cycle, I should add. 1-2 BTC might be enough to make it in the next cycle.

>>28153448
Yeah, that's not what I said though.
What you're saying can be a perfectly normal explanation.
It's fall 2018 that show sign of artificial support and artificial decline once the Tether supply decreased. (See the red area on the chart).
I have never seen a similar pattern, but I'm no chart expert so I don't know.
But it seems very artificial and I have hard to understand what type of market dynamics would create it otherwise.
Raoul Pal seems to love charts and he was also alarmed by that move before he became a 100 % Bitcoin bull.

>>28142004
what do you think of Bao

>>28154031
Could be. Maybe I'm not big brain enough to see it. I think if something kills BTC, it'll be more ironic than that. Like DOGE becoming no. 1 crypto.

God, I will probably rope if that happens.

>>28152644
Would you be investing in either AVAX, EXRD, or DOT right now?

>>28154031
Isn't it just reserves moving in and out? When new USD enters the market = more USDT printed. When a market participant leaves, USDT is depleted. That red area just shows that a large sum of money said fuck crypto and left, hence the fall in USDT, and obviously the fall in price. I never understood why everyone gets freaked out when say, 500m new tether is printed. Doesn't that just mean that some institution is probably buying an equivalent sum in crypto through tether?

nice larp OP
post proof faggot

Do you millionaires research crypto using some source? or do you just learn from 4chan the good shit? 4chan made me 70000 with link and grt memes.

>>28154295
I agree. Also when tether is printed, it doesn't go immediately into circulation. It's just used in reserve to prevent the price from going above 1 USD.

>>28154495
Chins is the only public forum worth visiting. You just have to sift through tonnes of pajeet diarrhea to get to the nuggets of wisdom and knowledge. You sacrifice your time. But you can never leave, because you know there's always one more nugget waiting for you.

>>28142004
Probably the most tiring part is having to constantly face the truth that quality of product or ideas is nothing and marketing is literally everything. Hence why scamcoins flourish and some legit products flounder

>>28154672
fucking this, I've turned 5,000 leafbucks into ~$11,000 USD in like three months thanks to 4chinz. There's a shitload of garbage, but I've been on this shithole for more than a decade so my bullshit detector is good at this point I think.

So lets say the alts bloom, but we're getting near to the top.

What's your strategy, Just sell off everything? Cash out? Buy into a stable coin? Or hold and ride out the bear market. I don't have much money and I would like to leave with something to my name after this bull run.

>>28142004
What’s the problem? Sell off, get a normal job for a couple weeks and then realize how lucky you are to be able to break out of this slave system

I used my gains of 30k to travel the world for 5 years and build my own small business in a city I love. It’s enjoyable, gets me more money every week than I use and the previous savings keep increasing in safe investments, and can assure education for my children, private healthcare and emergencies when necessary. My profit wasn’t much but it’s a hell of a difference and allows to take ‘risks’ and create opportunities

>>28154847
Have limits so you automatically sell off your lion's share if it gets bad. You can always buy back in at the bottom if it bounces

>>28154845
I found many great anime with /a/, made ungodly amount of gains with /biz/, learned to dress with /fa/, learned japanese with /jp/ and I've sacrificed years of my life to this hell hole. One day I will find a way out. But not today.

>>28155319
What happened to alt coins in 2017 during the crash?

>>28156904
Almost none of them are around now

>>28149037
>I follow a formula

>>28145739
So what's your take on this market cycle? Typical cycle gains would put BTC at $250k, no? Could we be in for a super cycle up to $300-400k? What are some top alts right now, LINK, ADA, DOT?

It isn't even FOMO anymore I just want to see /biz/ covered in red

the
>REEEEEEEEEEEEEEEEEEEEEEEEEEEEE
would be delicious.

>>28159262
Im going to sell some around 220 just to be safe. Holding until then. Can't afford to buy anymore other than like 0.01 at a time. Finally been priced out.

>>28142004
Well maybe you ought to find what your life is about other than money. Money is just a virtual mind game we made up.

>>28142004
how much of it have you actually converted into real fiat, cash in bank?

>>28159185
>I don't follow a formula
>download (1).png

>>28159262
>my market cycle data prediction is based on 2 cycles of a 14 yr old asset
it could literally go to zero tomorrow. Quantum computer go brrrrrrrrrrrrrrr

>>28148710
Thats just retarded, biz is the starting point. Look at link. When you see it on boomervision its too late

>>28142004
Used your crypto to buy gold and silver. That would be the smartest lowest taxable way to move gains somewhere stable and real.

>>28142004
what car do you drive OP

>>28144435
Buy silver and gold... How can you guys not see its the same ecconmics as crypto but physical and actually limited because you can't just create another silver or gold.. Also the bridge from btc eth to gold and silver is there so low tax burden and you'll actually be able to see and hold your wealth.

>>28159852
Cope. Crypto wallets have better security than bank accounts.

>>28148710
literally Rubic and Bao, they already pumped a little before they came on /biz/ but they just 100x'd from there anyways

>>28148375
Now jsut become a silver Chad and end the stress. It's simple

>>28160122
>not being cash poor
ngmi

>>28147567
>cow farts
Nah it's a meme. The things cows eat sequester carbon. Proper pasture management of grass fed beef sequesters carbon while producing beef for market. Any crop can do that, not just grass. Check out podcasts by John Kempf.
The biggest threat to the planet is ocean acidification. The ocean provides our oxygen. By overfishing and polluting we are wrecking the food web. The whole thing will collapse and we'll suffocate.

>>28142004
tell me the next 10x please anon

>>28160446
uvxy

>>28148192
i probably shitposted with you in VIDT. what you think of XDB?

>>28153682
what you think about the oracle boom happening this year? supposedly Q3 LINK steaking, and we have other potential competitors looking to capitalize and take a marketshare. only other one I've seen that may be worth a gamble is API3 but I expect TRB, BAND, DAI to make a run following LINK as well.

>>28142004
Fuck you you larping faggot

>>28142835
Kek, looks more like a bear trap.