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/biz/ - Business & Finance

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28893067 No.28893067 [Reply] [Original]

Anyone have any tips to being successful at crypto?

Buying and holding right now in this market is scary as fuck. I mean it was easier when everything that has boomed was below $1, low market caps and good outlooks. Now everything seems to be dried up.

What do I do?

>> No.28893133
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28893133

>>28893067
Buy high sell low.

>> No.28893160

>>28893067
I am new as well and the most important thing I've noticed is how to deal with the fucking whales.

>> No.28893314

>>28893067
Discover a good project with a low market cap, a real product, and a huge potential. Then you buy a bag and hold it for 6-12 months. Done.
Something like PLT and OMI. The rest is gambling and crapshooting. Or just invest in btc and eth and sit on it.

>> No.28893408

>>28893314
>Or just invest in btc and eth and sit on it.
that's the low risk portfolio of crypto. add in some BNB, DOT, ADA and LINK for higher risk, higher reward. and the random shitcoin for high risk high reward potential

>> No.28893504

>>28893314
How do you discover it? Is there a place less shilly than /biz/?

>> No.28893599

>>28893504

embrace the shills, they're providing you a free lesson in bullshit detection

>> No.28893922

>>28893067
Crypto is counterintuitive. Generally if you feel a little sick at your stomach, you are doing it right. You have to learn to hold if you want to make money. The only way to hold without freaking out is to research the fuck out of whatever you buy. If you think the tech is going to change the world it makes it much easier.

>> No.28894153

>>28893067
Also realize that this market is heavily manipulated and these pullbacks are literally meant to scare you out of your bags.

>> No.28894238

>>28893922
>>28894153
How do deal with the whales properly?

>> No.28894411

>>28894238
>How do deal with the whales properly?
hold when you see an inorganic red dildo

>> No.28894482

>>28894411
>Inorganic red dildo
And how do I know it's inorganic?

>> No.28894714

>>28894482
you see the same faggy wallet buy and sell repeatedly over a short period of time. it's always the same pattern
>sell 300 ETH of a low cap
>price drops significantly
>newfags sell
>buys 300 ETH's worth back, with 5% more tokens
>repeat
it only takes a few whales to completely fuck up a low cap coin until the real pump takes place.

>> No.28894845

>>28894714
How do you id the whale wallet?

>> No.28895373

>>28894238
>>28894482
You won’t know 100% ever. You can only guess. You will learn by watching the market every day of your life until you get used to the patterns the whales use. Time is the only thing that makes it easier. Learn basic TA so you can tell when a coin breaks it’s trend line. Also know that you will never sell the very top so get that out of your head.

>> No.28895587

>>28895373
I'll try. Checking on DOGE to try to learn about it.

>> No.28895853

>>28893067
go 10 years back in time, buy anything that sounds familiar, sell books on how to "make it", buy more crypto.
when you come to today, sell everything.
congrats, you made it!
and since you have more money now, you can do it all again with more!
infinite money, froggo fren