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/biz/ - Business & Finance

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2613475 No.2613475 [Reply] [Original]

ITT: retarded question only

I want to moon orbit with you fellas. But first, I want to understand how it works.

If I understand correctly:

1. Deposit from CC and buy BTC on an exchange (coinbase)
2. Send BTC to wallet
3.1. Send BTC to a Poloniex account
3.2. Buy shitcoins with BTC
3.3. Sell shitcoins at profit in BTC
3.4. Send BTC to Wallet
3.5. Send BTC to Coinbase and cashout
4. Profit and buy a lambo

Is that correct?

>> No.2613482

>>2613475
Yes. However, it would take time, unless you join one of those pump n dump groups.

>> No.2613485

>>2613475
Pretty much

>> No.2613494

step 3.4 is unecessary

>> No.2613509

wanna know how I know you're gay?


You didn't enable goggle 2fa before "sending btc to a Poloniex account"

>> No.2613510

don't really need a wallet i just leave my shit in the website's built in wallet

>> No.2613512

Thoughts on HUSH?

>> No.2613523

>>2613482

I'm not so fond of shitcoins so I might just stick to the main ones and hodl

>>2613494

The wallet is only for longterm hodling?
Also, is it safe to keep cryptos on coinbase for short term or I should always keep them in a wallet?

>> No.2613535

Is Bancor really a scam?

>> No.2613564

>>2613509

on Poloniex?

>> No.2613623

>>2613523
You should always keep them in a wallet

>> No.2614050

Ledger wallet on their site: 59 euros

On amazon US 500$

Why?

>> No.2614089
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2614089

Should I buy a hardware wallet or just use electrum, or something else?

>> No.2614117

you can transfer from coinbase directly to polo, no need for the inbetween.

any coins you'll trade with leave on the exchange so tx fees don't kill you (keep them on polo, coinbase tends to have "downtime" during big market movements. Only use coinbase to convert between fiat and crypto). Keep long term investments/large amounts of coins in a wallet of some kind.

>> No.2614190

>>2614050
that's for the two pack, ya dumb bastard. also they're back ordered and out of stock most places.

>> No.2614284
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2614284

>>2613475
i just recently got out of high school and i have about 19 bucks, some clothes, a laptop, and a questionable skill at graphic design to my name. im probably just going to go into the workforce and try to survive for a few years, maybe climb up the ladders a bit if i can. does anybody know good financial guides for playing stock/investing/retierment plans for the absolute beginner? its cool if not, i just want to be as informed as possible for when i'm at the point i can finally participate without losses hitting to hard.

also, not dirrectly related to this board. but do you guys know of any enter level positions that have a (relatively)good chance of promotion/pay increase with only a highschool education? college is impossible for me, so any tips would be appreciated.

thank you for your time.