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/biz/ - Business & Finance

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25185006 No.25185006 [Reply] [Original]

How the fuck is "investing" hard. Literally just find a coin with a fluctuating price and invest in it. I've literally seen coins cycle prices of 51 satoshi and 52 satoshi for WEEKS. Just buy it at 51, sell at 52 and quit when it gets to 50. If you manage to catch the cycle 30 times you'll literally double your initial investment.

>> No.25185029

>>25185006
>literally
>literally
>literally

I agree I am an obnoxious retard, my point holds notwithstanding.

>> No.25185052

Then just do it, get rich and life a happy fulfilling life.

>> No.25185062

>>25185006

>just be right 30 times in a row to double your money

ignoring any fees with transaction, ignoring any tax obligations, etc

>> No.25185115

>>25185006
won't fees fuck me up on binance?

>> No.25185135

>>25185062
>fees with transaction
Good point, but the fees are usually <=0.5%

>ignoring any tax obligations
Yes

>just be right 30 times in a row
I've seen coins repeat the cycle 100s of times. It's not a 50/50 gamble but more like a 99.5/0.5 gamble 30 times.

>>25185115
Aren't binance fees like 0.5%?

>> No.25185157

>>25185062
taxes aren't even hard. it's just X% of your gains. if you make 20 grand you take 20% off, for example.

>> No.25185182

>>25185157

That's not how it's calculated everywhere

>> No.25185205

>>25185006
Problem is, you're in a bull market so everyone gets to think they are a financial genius regardless of what they do

>> No.25185222

I bought at 1.5, sold at 1.5 one week later, then went all in at 2 when it pumped, and rode it all the way to 1.1. Plus it’s inflationary. I am so disappointed with myself

>> No.25185229

I always think about buying hot token at 0.0002 sats, it always goes between 2 and 3 but honestly a possible - 50%is too much for my nerves

>> No.25185300

>>25185135
More like 0.1 which you can bring to .06 if you pay with bnb and something else. I make a lot of penny trade on binance, its basically free.

>> No.25185340

>>25185229
Just by having a quick look at HOT, it doesn't seem to even go down more than 1 step at once. So, if rn it's cycling at 2/3, the next cyce is almost certainly 1/2 or 2/3, so if you buy at 2 you won't lose your money unless you're extremely unlucky.
I'm honestly thinking of investing in this now

>> No.25185378

>buy worthless coin
>price goes up
>stand in line behind a million other tards trying to sell their worthless coin
>price drops back down before your sell order is filled
sucks 2 suck

>> No.25185471

>>25185062
>taxes
Being a good goy on /biz/

>> No.25185526

>>25185006
>what is volume
Your plan works only for spare change newfag

>> No.25185745

>>25185205
Wow kinky I'd sir

>> No.25185975

>>25185006
new here. how do i into this

>> No.25186017

>>25185006
>wait for the peak of the shitcoins run
>everything starts bleeding
>open 10x shorts
it's that easy