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/biz/ - Business & Finance

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22432122 No.22432122 [Reply] [Original]

I have made $50k and want to grow it to $500k. Any rookie mistakes to avoid or any measures to grow it properly?

>> No.22432143

stick to risk managament

>> No.22432167

>>22432122
>Any rookie mistakes to avoid
Reading /biz/, we only know how to change 50k in 50 cents

>> No.22432175

>>22432122
>Not putting half in STA
The rest doesn‘t really matter

>> No.22432182

>>22432167

I made the $50k by investing in Link. So, Biz made me rich.

>> No.22432197

>>22432122
Don’t wrap anything
Don’t leverage
Grow slowly but with less risk
Take profit in sats from time to time, sell your alt coins after a vertical pump

>> No.22432197,1 [INTERNAL] 

dont listen to anyone telling you to yolo your 50k on shitcoins

keep most of y our money in ETH, then take a small amount and split it on some higher risk tokens

SNX
PNK (my favourite)
LINK (im out, but there less chance of you losing all your money here)
FLOW (risky but could 25x easily, plus 1% aily rebases for next 30days)

>> No.22432238

>>22432122
>Any rookie mistakes to avoid

>Trading with emotion.
>Not properly securing your crypto
>Sending token to wrong contract
>Trusting anyone on /biz/

Instead of asking yourself "Should I buy this token?" ask yourself "Why shouldn't I buy this token?" If you can refute all the FUD then you will have strong hands instead of panic selling half your LINK stack in March like I did since it kept dropping and I was unsure of the Cayman Islands FUD.

Maybe follow some decent accounts on twitter to stay in the loop. QwQiao, sassal0x, ChainLinkGod, and the big names in crypto and owners of exchanges.

>> No.22432269

>>22432238
>cayman islands

Really? THAT was the fud that did it for you?

>> No.22432406

>>22432238
qwqiao is literally a chink who dumps on his followers

>> No.22432678

>>22432269
Yes. I had a 10k stack at the time (most has been 12k stack). Then had a dream in April that LINK was $9 and I didn't have enough so I bought back. Now at 7k stack.

Chainlink official telegram banned me for asking about the cayman islands. Crypto seemed to be going down the shitter, corona was going to cause a global economic crisis, having been a NEET the past three years no one will hire me so I didn't want to lose everything and it got to me.

>> No.22432707

Never go all in unless it’s on eth, keep a longterm hold stack and a shitcoin/trading stack seperate, the long bags being 75% of your holdings

>> No.22432792

>>22432122
first, be more honest with your self.
You are not a dinosaur frog with $50k anythink. And cutt your dang NAILS