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/biz/ - Business & Finance

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20471377 No.20471377 [Reply] [Original]

I saw a post on /pol/ that told me to look into crypto and invest. They mentioned LINK too. How do I get started? I suppose I need to use an exchange. Which one is best? Coinbase?

>> No.20471391

>>20471377
Kek yeah use coinbase, its joo run but best one to use.

>> No.20471413

Coinbase isn’t really “the best” but it is the easiest fiat gateway. Most people will enter there but then do the majority of trading elsewhere.

>> No.20471423

>>20471377
Yeah but if you're looking to hold more than 10k I suggest getting a hardware wallet or look into some secure form of cold storage. For some pocket change coinbase is easy to get, but binance has better exchange rates

>> No.20471445

>>20471377
https://pro.coinbase.com/

>> No.20471456

Bisq is decentralised.

>> No.20471471

>>20471377
Use coinbase or fuck off back to /pol/

>> No.20471510

>>20471377
Welcome, fellow /pol/ack. Yeah start with Coinbase to make it easy on yourself. Together we can beat the Jews at their own game.

>> No.20471513

>>20471377
sell signal. The midwits are flocking in here. Pack it up boys

>> No.20471570

>>20471391
>>20471413
>>20471471
>>20471510
How about crypto.com? It has an exchange app and wallet app? I’m prepared to invest $10,000 btw

>> No.20471613

>>20471570
Just check the holdtime for each of them. And open wherever it’s the lowest.

>> No.20471629

>>20471377
Hey OP. want to use my referal code so we can both get some free link? (coinbase)

>> No.20471675

>>20471570
If you use crypto.com use my referral code and we both get 50 bucks.
w8s7eff6wh

>> No.20471678

>>20471570
just use coinbase before it moons, its the easiest to set up and the most secure, if you want to long term hold, then get a crypto wallet for like $50 bucks

>> No.20471687

>>20471613
What do you mean by hold time?

>> No.20471714

>>20471678
I do plan on long term holding.

>> No.20471715

dubs says OP uses my referral code:
>https://www.coinbase.com/join/daniel_fe4

>> No.20471729

>>20471570
Also using crypto.com for link is based because you can stake it in their earn program for 4% interest or 6% if you buy 500 MCO, which will pay for itself over the long run but you'll need to crunch the numbers yourself to decide if it's worth it for you. Also you get free spotify, netflix, and unlimited airport lounge visits with the credit card you get for free for holding 500 MCO.

>> No.20471750

>>20471377
Just use coinbase, anon.
Get in Link and just relax.

>> No.20471754

>>20471377
meh you're too late for link, it still has a x10 to x100 to it at most, if you're a poorfag and put in 10k$ then at best you'll have 1m$, try to buy low mcap projects like xsn or rlc or sxp (rlc or sxp for short term gains) then when your folio is worth say 30k$ then you can get on link for steady slow gains.

>> No.20471770

>>20471687
It means when you transfer 10k from a credit card to exchange and convert it into BTC. Some exchanges have a limit or ask for kyc and shit.

>> No.20471778

>>20471377
prepare to hold for 2-3 years OP. we've been telling you since 2017. the moment we waited for just happened last week.

>> No.20471821
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20471821

>>20471778
Fuck off I need $20 link which means it's going to happen by EOY.
Just one more measly 3X, is that too much to ask Sergey?!

>> No.20471831

>>20471778
I’m willing to hold for 5+ years. I’m barely 20 years old

>> No.20471854

>>20471729
What is staking? This sounds like a good option

>> No.20471914

>>20471377
1) register a coinbase account
2) buy a hardware-wallet (I have a ledger nano s, can recommend)
3) send usd to coinbase
4) buy link with usd
5) send link to your hardware wallet
6) wait 3 years and create your own ethno state

Just make sure not to keep your money on any exchange. As long as it is on there (((they))) have the ability to steal & freeze your funds.
Also you could use other exchanges, other wallets, etc... this is just the most user-friendly one for anyone who has no interest in diving in deeper.

>> No.20471919

>>20471831
lol, ethereum can't handle that unfortunately. linkies and eth have a couple years left in them as the 'first crypto' categories. the thing we're waiting for isn't on the scene yet. we're still in wright brother territory, the commercial airliner is a ways away.

>> No.20471922
File: 277 KB, 511x614, mclink.jpg [View same] [iqdb] [saucenao] [google]
20471922

>>20471831
based, dude you're young so you have so much time to benefit from compounding interest, buy your link wherever you want but don't listen to all these paranoid fedora wearing autists about hardware wallets and shit, put your link in the crypto.com earn program and get paid in link to hold link. People fud it but its totally legit, their cards are VISA cards for crying out loud, they aren't going to pull some exit scam like everyone says in biz, just do it.

>> No.20471966

>>20471854
You put it in their "earn program" for one of 3 terms, flexible, 1 month, or 3 months, the longer you commit, the higher your interest rate.
https://crypto.com/en/earn.html
And again, use my referral code and we both get 50 bucks :)
w8s7eff6wh

>> No.20471970

>>20471854
Staking simply stands for holding a cryptocurrency in your wallet for a fixed period, then earning interest on it. The reward that one earns from staking varies depending on the length of the time that they hold it. The longer the stake duration, the higher the returns.

>> No.20472015

>>20471966
>>20471970
Based. Are there any risks to staking?

>> No.20472020

>>20471854
staking is like traditional stock market derivatives. it is estimated that you will get some where around 5%. Your 10k is a good start. will give you around 1200 total links priced in at $8. that will give you roughly 60 link per year and who knows what the price will be, but every one agrees it will be more than it is currently.

Here is a good theoretical view. Staking goes live lets say next year on jan 1st. price of link continues to climb and goes to $25. That would give you $1500/year in LINK for literally just holding the coin. meanwhile the value of your stack would be $30k.

Another view of it. same conditions as above but set price at $150. Your stack is $180k and your "income" would be $9k per year. You could keep letting it stack up or you could go ahead and cash out that extra money every year. Personally, i have not decided how im going to do it yet because part of me wants to pay off everything and live debt free including the house which for me is possible when link hits $100 but yet if i hold on a longer i could sell for maybe even $1000 each, or just live off of the income from it.

It is a good decision to have to make, no wrong answer.

>> No.20472032

>>20471377
yes buy the top of a greater fool ponzi shitcoin.

>> No.20472056
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20472056

>>20472015
The only risk is if the entire company exit scams.
Here’s the rates, they aren’t listed specifically on the web so this is screen cap from the app.

>> No.20472065

>>20471919
What would a “commercial airliner” crypto look like?

>>20471922
Checked. I’m leaning towards doing this. If I go all in on LINK right now I’ll have 1200, is that decent?

>> No.20472097
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20472097

>>20472056
Without the 500 mco

>> No.20472104

>>20472056
Is crypto.com not a well established company? Why/how would they exit scam? Sounds illegal

>> No.20472132

>>20471377
So many new /biz/raelis recently, but at least you’re not one of the redditfugees. If you’re new to crypto then yes Coinbase is fine. Just buy LINK and don’t worry about other coins like BTC, ETH, XRP, etc. literally just buy LINK. You can rummage through the archives if you want to see how /biz/ analyzed LINK inside and out to determine that it will change the world.

>> No.20472158

>>20472020
Wow. Thanks for the thorough response. Idk if it’d be right to cash out? Isn’t the purpose of crypto to replace fiat?

>> No.20472167

>>20472065
I'm a deluded linkie till the end so you'll hardly get an unbiased answer to that from me, but imo that's like asking if buying 1200 netflix/amazon/apple stock at $8 is decent. It's great, it might take a year or two for you to get really good gains but imo this is about as close to a sure thing moon as you're going to get.
https://www.youtube.com/watch?v=9D9rz3-bDNk
https://www.youtube.com/watch?v=Lzg0I24E5Xs

>> No.20472172

>>20472132
Will do. I see someone mentioned the “oracle problem”. What’s that about?

>> No.20472198

>>20472065
Don't listen to these anons about staking. Buy chainlink, put it somewhere safe, and forget about it. Wait five years, retire. It's that simple. Don't screw around with any other weird scheme stuff. Once chainlink staking on the chainlink network is live, consider it then. Just buy and hold somewhere safe. 1200 is $1.2M by the end of the 20s.

>> No.20472222

>>20471831
Man you’ll be set if you can somehow accumulate 1K LINK and just forget about it for 5 years.

>> No.20472228

>>20472222
checked.

>> No.20472231

>>20472104
Yes it's well established, why is for money, how is I have no idea. It would be illegal. I'm just saying, that's the standard fud regarding crypto.com on biz that they will exit scam with your money.
dyor on them and decide for yourself, but I've looked all over the web and found nothing to make me think they are scammy and they have something like 3 million customers now. You can also hang out in their telegram, or their subreddit and talk to people to get a feel for it.

>> No.20472275

>>20472172
Watch the vids I posted for a good answer but basically the "oracle problem" is figuring out a way to reliably get data back and forth from the real world to the blockchain world. Chainlink figured that out.

>> No.20472292

>>20471377
Buy on phemex

>> No.20472315

>>20472167
>>20472231
>>20472275
Awesome, thanks for the videos and guidance!

>> No.20472341

>>20472315
np, I came here from /pol/ too, gl brother.

>> No.20472370

>>20472222
Holy checked. Thanks for the blessing.

>>20472198
I’m looking in other threads where people are mentioning LINK can hit over $10,000 if it’s used for “derivatives”, whatever that means. Is this possible?

>> No.20472390

chainlink and crypto fags are delusional
if you didnt make it in the 2017 crypto mania you'll never make it, put it in stocks unironically

>> No.20472395

>>20472370
Not just possible but likely. The question is how long are you willing to wait.

>> No.20472410

>>20472341
Good luck to you too brother

>> No.20472436

>>20471377
It's impossible to verify your coinbase account to level 3 in Europe, so anything stored there might be stuck forever due to withdrawal limits.

Use kraken to buy LINK and never sell.

>> No.20472440

>>20472395
Well maybe 10 years or a bit more. I’d rather hold until it’s valued at $10,000+.

>> No.20472467

>>20472390
Ok boomer

>> No.20472759

>>20472436
I heard kraken doesn't use KYC neither metamask. I don't use kraken but it supposedly was never hacked.

>> No.20472779

>>20472440
Good. Never sell.

>> No.20473224

>>20471831
Compound interest is on your side kid, and you’ve chosen the market which is compound interest on steroids.

>> No.20473282

Newfags take note. If you want complete replies just mention that you're from pol.

>> No.20473289

>>20471377
I personally use coinbase, used gemini at first but way more crypto options on coinbase.

>> No.20473334
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20473334

>>20471831
>20 years
wow when I was 20 i still believed in hitler and fucked my white gf everytime I saw her.
then at 30 I realized that all woman are whores and the jooniggas are taking over anyways so I wasted 10 years in some dream and had nothing to show for it when it ended!
Just let the money work for you early, you have no idea how powerful that is.

>> No.20473454

>>20473282
We want those racist fags to make it too.

>> No.20473621

>>20473282
It’s a Chan user not being a defensive faggot.