[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 79 KB, 823x588, i_love_my_job.jpg [View same] [iqdb] [saucenao] [google]
24022607 No.24022607 [Reply] [Original]

>don't short, don't go long on margin trading platforms, don't leverage
>JUST BUY BTC AND KEEP YOUR PRIVATE KEYS SAFE, OFFLINE
>50% crashes are normal, get used to them
>CBDC (central bank digital currencies) are a scam, literally a dystopian fully tracked FIAT 2.0 system where you bleed purchasing power but you also give away your privacy
>every project shilling CBDC is a scam
>sats is all that matters, all shitcoins bleed to zero in the long term
>don't leverage or you will lose it all
>don't keep your btc in an exchange, buy them and transfer/store them offline immediately, safely, do 100 backups of the wallet.dat or the seed key, again offline
>don't trust "someone", not even if he is a a "trusted" public figure with a great cv
>don't trust services like paypal, or future scammy services
>don't wrap your btc (wbtc/sbtc/tbtc/renbtc and similar are scams, and they will run away with your private keys, while you will be bagholding a worthless erc20 shit-token)
>don't buy btc with funds like grayscale, you have to pay a premium and you are not even sure if they are 100% backed by btc, high risk of fractional reserve and no key ownership
>don't think it's too late, it's never late, i was buying below 1000$ and i still keep buying above 10000$
>don't swing, it's risky and you will not sleep at night, hold for a few years, this will ensure you will hold during the way up with 2k green daily candles
>btc is the most safe but asymmetric bet you can do right now
>remember to convert your entire savings into btc, each month, stacking like a maniac, and you will do just fine
>1 BTC might seem expensive, but you can buy fractions, a fraction of BTC is still worth a lot of money
>if you have an expensive car and paying maintenance, insurance and taxes, consider selling it for btc
>btc is an appreciating asset, not a liability
>btc is not an investment, but the best form of savings
DON'T FUCK IT UP ANON

>> No.24022650

Actually good advice, new fags wont listen though.

>> No.24022652
File: 1.51 MB, 425x481, 16b.gif [View same] [iqdb] [saucenao] [google]
24022652

>>24022607
>>if you have an expensive car and paying maintenance, insurance and taxes, consider selling it for btc

>> No.24022696

the absolute desperation of btc bagholders

>> No.24022709
File: 59 KB, 820x920, 1605032626234.jpg [View same] [iqdb] [saucenao] [google]
24022709

>>24022652
>kikes hate this simple anti-consoomer trick: reduce liabilities, increase assets

>> No.24022783

>>24022696
>Bags of wealth

>> No.24022808

>>24022607
Based and only way to make it

>> No.24022814

>>24022696
the absolute desperation of pajeet shills while they watch their absolutely worthless shitcoins bleed to zero

>> No.24022853
File: 31 KB, 1000x621, 1600703597196.png [View same] [iqdb] [saucenao] [google]
24022853

>>24022709
>yes goy sell everything you have to buy the top again
can't make this shit up

>> No.24022892
File: 645 KB, 600x809, 4BDEC600-4C0C-4ACB-9555-D7B3159227CB.png [View same] [iqdb] [saucenao] [google]
24022892

>>24022607
Jan Jans make it sticky.
For all the newfags on this board: save this post, print it and stick it to the wall.

>> No.24022925

>>24022853
retard, when i started making this daily reminder BTC was 10/11k
just DCA, and you will be fine
there will be a correction? absolutely
is this the top? nope

>> No.24022997
File: 154 KB, 1446x918, gtrrnb.png [View same] [iqdb] [saucenao] [google]
24022997

>>24022814
lol

>> No.24023018
File: 274 KB, 1000x1000, 75D1FE21-A1BE-4799-869B-2DD77C23EC54.png [View same] [iqdb] [saucenao] [google]
24023018

>> No.24023029

>>24022607
Fucking based nice to see it's not all poos and bagholders here

>> No.24023162

but if you buy btc now you'll be fucked by the crash, even though it'll eventually come up again it could take years, most people following this advice would end up selling and lose half their savings

>> No.24023283
File: 271 KB, 1228x4000, shitty_shitcoins.png [View same] [iqdb] [saucenao] [google]
24023283

>>24022997
that's called false advertising

>> No.24023363

btc is an unneeded token

>> No.24023378

>>24023162
>most people following this advice would end up selling and lose half their savings
i literally said that
>50% crashes are normal, get used to them
and
>remember to convert your entire savings into btc, each month
it means keep doing dollar cost averaging, regardless of local tops/bottoms since timing BTC is almost impossible

>> No.24023451

>>24022607
You were right until the last 2 lines.

>> No.24023469

>>24023451
what would you write instead?

>> No.24023494

>>24023283
Post Link chart

>> No.24023514

>>24023283
It's literally the exact same pattern for all these shitcoins. All of them. No exception. And they are all bleeding sats like crazy at this very moment, even if their FIAT "value" may increase.

>> No.24023515

>>24023494
>literally 1 out of 10000 shitcoins with legit gains
in the long term it will bleed sats anyway

>> No.24023659

>>24022696
>btc jumps up 8k in weeks
>"heh...so desperate"
Have fun losing all your savings trying to gamble shitcoins while everyone else secures their retirement with 0 stress.

>> No.24023747

>>24022607
DAILY REMINDER : pay attention to badger.finance

>> No.24023802

>>24023747
>shitcoin

>> No.24023807

>>24023659
>retirement
i don't need to retire, i just want more financial independence so i don't need to be stressed out to pay bills with a 9-5 job and i can make even more money by focusing on my personal projects and spend more time investing

>> No.24023949

>>24022607
Nice. I saved.

>> No.24024067

>>24022607
What if I'm dollar cost averaging and today is payday, I want to buy my usual BTC today but it looks like buying too high a price.

Should I buy another coin or should I wait. If I wait, I might miss out if it doesn't crash.

Or just better not to buy at all right now while the price is moving so quickly. Wait for less volatile times one month from now, for example.

>> No.24024134

DAILY REMINDER TO BE KIND TO NEWFAGS

Remember guys, learning Crypto is hard. let's remember to cut them some slack And give helpful advice.

>> No.24024303

>>24023807
why are you here then? go do it smart ass

>> No.24024474

>>24022607
Recommended hardware wallet for btc storage?

>> No.24024528
File: 208 KB, 844x1202, 1515630906841.jpg [View same] [iqdb] [saucenao] [google]
24024528

>>24022607
correct.

>> No.24024569

>>24024067
you cannot forecast btc price, so you can just buy a bit every day, every week, every month, it's up to you, but keep buying constantly
>>24024303
i just finished one project, got paid 30k cash and i'm already starting a business
still doing the remote wagie to accumulate more, but if the business starts working i will resign and focus on building more
if i just retire i will get bored and i could never become a billionaire

>> No.24024602

>>24024528
I agree with your pic but XMR is still the currency of choice if you wanna buy less-than-legal stuff.

>> No.24024655
File: 73 KB, 640x638, hurdhrbfhrpr.jpg [View same] [iqdb] [saucenao] [google]
24024655

>>24023515
>>24023283
>picks 6 out of 1000 shitcoins
btc maxis are retarded gorilla niggers

>> No.24024714

This is good advice for someone who wants safe money sure. But i only have a few thousand dollars and x4ing my money won't cut it. I need to play the high risk high reward game if I want to get anything meaningful.

>> No.24024780

>>24023469
Honestly you could just remove them, but the biggest financial value in bitcoin is in short term profit with each market cycle of it.
Buying after a crash basically guaranteed you a 4x ROI this cycle.

>> No.24024804

>>24022607
For the newfags, everywhere he mentions BTC replace it with ETH, doesn't make sense to buy obsolete BTC when ETH is the future, think long term not a couple of month, the rest is accurate advice.

>> No.24024812

>>24024714
Bro, if you're getting 4x every other year the growth is exponetial, in 10 years you'd also have made it.

>> No.24024822

>>24023363
kek

>> No.24024845

>>24022607
So what do you do when the government wants to enforce their electronic fiat by banning crypto?

>> No.24024859

>>24024655
i pick them from your shitcoiner friend list
>>24024714
this is correct, but newfags should not start gambling randomly on pajeet shilled rug pulls because they will lose it all
newfags can be scared with a 20% drop on BTC, imagine when they play the random-shitcoin-of-the-week game and they lose 95%
let them avoid wasting money, then if they study hard, they can find gems, but it takes time and experience
i flipped several gems for 10X, but in the end i always converted gains into sats anyway

>> No.24024885

>>24024845
>my government
i don't give a fuck about governments
there are 200 countries on this planet, i can just fuck off for a year in some tax paradise and cash out

>> No.24024981

>>24024885
Lmao
>he thinks there will be more than one government in the future.
There will be a global effort against "crime and terrorism" and anyone that doesn't play ball will be Gaddafi'd.
Where will you cash out once exchanging digital fiat for crypto will carry a lifetime sentence?

>> No.24025178

>>24024981
>Where will you cash out once exchanging digital fiat for crypto will carry a lifetime sentence?
i will just do what other billionaires do, some new workaround will be invented and i will be fine
don't worry for me

>> No.24026103

OP you forgot to add a very simple but powerful fact: BTC is a game changer.
It’s the Facebook of social media.
It’s the Apple of mobile phones.
BTC is the unit of account of wealth.