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/biz/ - Business & Finance


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26096390 No.26096390 [Reply] [Original]

What does /biz/ think I threw a entire paycheck into all of this

>> No.26096413
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26096413

>>26096390
>under $100k
>more than 3 positions

>> No.26096420
File: 121 KB, 1024x832, 1F9128A8-1337-41E3-86D4-9A0D09FCAE36.jpg [View same] [iqdb] [saucenao] [google]
26096420

Garbage and way too diversified

>> No.26096444
File: 427 KB, 600x600, IMG0140.png [View same] [iqdb] [saucenao] [google]
26096444

>12 link larp stack
mfw

>> No.26096450

>>26096413
For poorfags, is it better to all in one or have at most 2 positions?

>> No.26096453

OP you need to diversify more

>> No.26096459

>shitcoins
>1.5k in 8 positions

>> No.26096522

why the fuck did you buy litecoin

>> No.26096533

>buy high

don’t forget to sell low. that’s the way business works on /biz/

>> No.26096557

>>26096450
Never go all in on one unless it's something like BTC or ETH, and even then I'd avoid it. I always like to keep at least 20% of my stack in something safe incase of an unanticipated bogging or hack, etc.
But yeah you should generally stick to 2-4 things at a time. It's easier to focus on a few good coins at a time, than to spread it out.

>> No.26096563

>>26096450
under 1k is 1
under 10k 2
under 50k 3

>> No.26096609

>>26096450
Some of /biz/ may disagree but I would say:
>less than $10k - 1 position
>$10-100k - 2 positions
Above that knock yourself out

>> No.26096636

>>26096557
>>26096563
Thank you frens

I'm a poorfag as well and have been thinking about getting into crypto. Possibly going 50/50 GRT and LINK. Would you say that's a good play?

>> No.26096641

>>26096450
If you do the math your chances of profit are higher if you spread it over multiple coins. I bagged in for two coins meanwhile the others I wanted to buy too mooned. Some profit is better than no profit.

>> No.26096657

>>26096390
sell all of that and go all in with XSN Stakenet

>> No.26096691

>>26096390
You could’ve gotten 137 link for $13 a couple years ago

>> No.26096728

>>26096557

Wrong, and regarding hacks just send them to cold storage.

>> No.26096755

>>26096636
That could be a decent setup. Just don't be afraid to take profit at some point.
As for me, I'm most bullish on 1INCH right now.

>> No.26096780

>>26096450
>For poorfags, is it better to all in one or have at most 2 positions?
> Entire paycheck
1. Never trust what /biz/ says.
2. Take everything with a grain of salt
3. Don't even trust this post
I want you to make it, anon. If you're looking for gains, you should limit yourself to 2-4 coins MAX.

>> No.26096784

>>26096728
What I mean about hacks is.. say the coin itself gets rugged or exploited. You want a backup stack.

>> No.26096812

>>26096755
What's up with 1INCH? Should I look at that too?

>>26096780
Yeah I figured 2 positions would be best. All in one seems extremely risky, because if it tanks you're fucked.

>> No.26096817
File: 213 KB, 1080x2160, Screenshot_20210116-141933.png [View same] [iqdb] [saucenao] [google]
26096817

I have 2 LP behind this too, but no way to show it on Delta.
Can somebody with some experience tell me if I'm not managing this efficiently? I feel like RSR is gonna go cold for the rest of the cycle.

>> No.26096821

>>26096780
>If you're looking for gains, you should limit yourself to 2-4 coins MAX.
For poorfags btw. I forgot to include that.

>> No.26096860

>>26096817
also 2 LP and 3k LINK is a terrible ratio, but I can't help but feel like 2 LP is going to be enough to propel me to moderate wealth

>> No.26096866

>>26096812
>What's up with 1INCH? Should I look at that too?
I'd recommend it but then again I'm holding it so I'm biased.

>> No.26096874

>>26096817
Why not sell some LP for more Link?

>> No.26096913

>>26096812
>Yeah I figured 2 positions would be best.
IMO 3 sounds best for 1k. Keep lurking /biz/ and watch youtube vids/read articles and projects. Go look at portfolio threads and see what people are holding. Research and look into those.

>> No.26096991
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26096991

Anons, please suggestion for consolidation.

>> No.26097207

>>26096874
I've thought about that, but right now 1 LP share is delivering something like 3 LINK per week. We're in the bedrock of LINK adoption and 100x-ing the LINK network traffic is basically inevitable over the coming years.
Right now 1LP = 4528 LINK. At 30 LINK per week, it takes 151 weeks (or under 3 years) for a LP share to pay for itself. That's once the network gets rolling.

IDK bro, one part of my brain tells me to sell my LP for LINK, but when I think of network adoption I don't want to.

>> No.26097236
File: 181 KB, 750x734, 77D7D2FC-EAD4-468F-AB3D-37599CC60D86.jpg [View same] [iqdb] [saucenao] [google]
26097236

Should I sell my BTC and ETH for LINK?

>> No.26097264

>>26096453
kek

>> No.26097321
File: 241 KB, 720x1480, Screenshot_20210117-005112_Blockfolio.jpg [View same] [iqdb] [saucenao] [google]
26097321

Considering buying small stack of Glitch later today

>> No.26097357

>>26096450
I went all in on PNK back in January and turned $2k into $20k

>> No.26097365

>>26096657
why? it's on shit exchanges. if i had held it i'd have gotten rekt when livecoin went down and also the project is up against too many massive companies

>> No.26097382
File: 244 KB, 1080x1100, Screenshot_20210116-092831_Blockfolio.jpg [View same] [iqdb] [saucenao] [google]
26097382

>>26096390
Poorfolio thread? Broke 2k for first time today. Back down to ~$1850 now though...

>> No.26097399

>>26097236
no ur looking good ETH will make big moves but no-one knows when and BTC protects you from eating shit when alt season ends

>> No.26097405

Why is it such a sin to diversify with a low investment? It feels almost like gambling without it. Especially if you are HODLing

>> No.26097443
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26097443

I'm %100 BTC.

>> No.26097470

>>26096991
1/3rd link 1/3rd PNK and 1/3rd whatever else you want

>> No.26097476
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26097476

>>26096636
Honestly, as a poorfag, I've only gotten further whenever I've went borderline all-in with my paychecks on some coins. I wouldn't do this if I had more money however, but you barely gain shit if you don't put in much, especially when accounting for fees and shit.

>> No.26097479

>>26097236
Yes

>> No.26097480

>>26097405
Because the gains are minimal, the more coins you're monitoring the more likely you are to miss highs and lows, fees for anything ETH-related are high...

With a sub-1K investment, personally, I just do gambling coins.

~10% of $800 isn't shit. But if I dump it on a shitcoin that gets pumped by 30%, that's a big gain.

>> No.26097503

>>26097405
because if you're diversified you're guaranteed to not make any massive gains... with 1k you need to pick the winning horse in the race and get a 10x. then 10k could be put into ETH or BTC and you stand more of a chance of making it. i have 120k and i'm only in btc and eth, maybe i would have made more this week from DOT had i diversified but i'd also have gotten financially ruined all of Q4 last year when bitcoin moved

>> No.26097515

>>26096390
Just all in LINK or GRT, maybe wait for it to dip a bit.

>> No.26097808

>>26096450
Diversification is a meme
Yet Im diversified as fuck and Ive been picking winners since I started. Moral of the story anon, peepee poopoo

>> No.26097882
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26097882

Got to start somewhere. I started with 200 Bong Dollars and worked up to 2k through BTC. Now feel like trying ETH for a bit and gambling on some shitcoins. Not all of us going to make it, but it's fun trying.

>> No.26097928

>>26096390
>not 100% grt poorfolio

Anon what the fuck are we doing here.

>> No.26098254

>>26097365
What? You don’t keep it on the CEX, you move it to the staking cloud or the core wallet lol. Do you really think everyone who had XSN lost it during the livecoin hack?

>> No.26098348

>>26097365
why would you get rekt if livecoin went down? you don't keep coins on exchanges.

it's okay if you don't buy xsn. you'll see the shill threads on biz when it hits $3 this week (currently $.67) and when it goes over $50 later in the year. good luck anon

>> No.26098456

>>26096390
Just buy $10 of the top 150 coins
One of them will certainly go to pluto and you can join us in the rich boys club

>> No.26098491

BTC/ETH/LINK/XMR you'll be set in 5-10 yrs

>> No.26098495

>>26096780
Unironically best to go with like 2-3 coins with potential moonshots.

>> No.26098677

>>26098348
well i bought it in summer and it died for months so i sold and made huge huge gains on ETH. i think i'll just stick to staking my ETH mate

>> No.26098699

>>26096390
Just grab 2 coins anon
One large cap, one small cap
If you don't want to get hurt, get a coin that's done its price discovery (that is, has gone through long sideways action so you know what the floor is)

>> No.26098798

>>26096420
overdiversification is a fucking meme
in the august defi bullrun i bought 1 eth worth of like 8 different coins. my total stack at the time was ~$30k
two of those coins more than 20x'd. i literally turned $350 into $8,000 twice. a couple of the other coins did a 2x-3x.

there's really nothing wrong with buying small bags of a variety of different coins. granted they should be low-cap, ideally $5m market cap max for small bags.

just invest according to the market cap.

>> No.26098836

>>26098491
The holy trinity and the serpent.

Quite based sir

>> No.26098991
File: 239 KB, 1080x2400, Screenshot_20210117-181338_Blockfolio.jpg [View same] [iqdb] [saucenao] [google]
26098991

What should I do /biz/ I'm a poor fag can only DCA $30 a week

>> No.26099006

>>26098677
checked. eth is a bluechip so you'll do well

>> No.26099126

>>26097443
based

>> No.26099168

>>26098991
get a job

>> No.26099215

>>26099168
this

>> No.26099803

>>26096390
ALL IN ADA SON