/biz/ - Business & Finance

[Anonymous No.27454698]

What would happen if I took all of my savings ($16,000) and just divided it into increments of $75 and bought as many different meme coins as I can then check back on them all in a year?

[Anonymous No.27454765]

https://steemit.com/cryptocurrencies/@martinreddot/what-i-ve-learned-from-investing-usd100-in-each-top-100-cryptocurrencies-month-1

[Anonymous No.27454790]

>>27454698
You just officially became a retard for even thinking about that.

[Anonymous No.27454833]

Half of them will be dead, 10% will have exploded and crashed down again, the rest will have done nothing.

[Anonymous No.27454874]

>>27454698
they would all fail except for two or three. that $150/$225 would then yield you a $15,850 profit, leaving you exactly where you were when you started. good luck bitch

[Anonymous No.27454883]

>>27454698
If you are talking about literal pnd scam coins, you would lose almost everything

If you are talking about low-cap projects with fundamentals, you would probably would make pretty good gains (since the diversification would mitigate the risk a great deal), however that is way too thin to spread yourself. I would be in 10-20 at most and you should DYOR to see which are legit and likely to do well.

Mid-cap is a better alternative as they are safer and more likely to get consistent gains. I would put 50% into something like GRT then split the rest between AVAX/RBC/FTM/PRQ/LTO/QNT/etc. but DYOR and decide for yourself.

[Anonymous No.27454888]

>>27454698
You'd be ruined from gas fees alone

[Anonymous No.27454892]

>>27454698
don't do that. just buy shib, but put most of it into litecoin so you don't lose everything.

[Anonymous No.27454932]

>>27454883
>RBC

[Anonymous No.27454956]

>>27454698
you'd lose a fuck ton of money just on gas fees
don't do this.

[Anonymous No.27454981]

>>27454698
Just put it all in upvote.cash

[Anonymous No.27455003]

>>27454698
ethereum gas fee per transaction $30
approval to sell $5-10
out of that $75 per shitcoin you are only left with $30-35 to actually invest

[Anonymous No.27455042]

diversification in crypto is a meme. choose a few good projects and hodl them long term

[Anonymous No.27455150]

>>27454790
fpbp. You're never gonna to make it anon.

[Anonymous No.27455217]

>>27454698
>What would happen if I took all of my savings ($16,000) and just divided it into increments of $75 and bought as many different meme coins as I can then check back on them all in a year?
You'd lose all your money. Scattergun doesn't work as people can create shitcoins faster than you can buy them

[Anonymous No.27455226]

>>27455042
This

[Anonymous No.27455358]

>>27455042
Diversification is not a meme you fucking idiot. Greater risk comes with greater returns, but much higher risk. Which is why you reduce that risk with diversification. You get the best of both worlds: the potentials for huge gains, but at a much lower risk; even just a single coin mooning will make up for a half dozen or more literally going to zero (which wouldn't happen anyways).

The only issue with diversification is if you just throw random shit in your portfolio instead of doing your due diligence and research on anything you buy.

[Anonymous No.27455409]

>>27454698
Pic related

[Anonymous No.27455578]

>>27454698
how the fuck would that even work with gas fees? if you just can buy it like stocks sure but idk

[Anonymous No.27455630]

>>27455409
Isn't it too late to get in on Link? Most people here bought when it was pennies and the market cap is really high.

[Anonymous No.27455711]

>>27455630
Just get GRT bro.

Link holders are absolutely delusional.

Link is the perfect normie coin. It's got a cool logo, it's $2/coin, and "muh oracles" is just technically sophisticated enough for normies to understand but too sophisticated for normies to dive deep enough to realize Link just isn't needed.

If smart contracts actually start being used in the real world (no, making ERC-20 scamcoins doesn't count) then some will require Oracles. But an Oracle is just a JSON parser with some voting mechanisms baked in. It's not something you need BILLIONS of dollars and YEARS to develop. It's not something you need "partnerships" for. You sit down, write the code, and you're done. Chainlink isn't in the Oracle business. They're a branding machine. Their sole objective is pumping the price of their asset, Link. An asset, by the way, they own 60% of. Yes, 60%.

When the time comes Oracles will be written on the native platform (probably Ethereum) and they'll use the native token (Ether). No one is going to need Link, no one is going to buy Link. Nobody will care. This project, along with all the other fad-projects will fade into obscurity. I won't speculate on price, this entire market is an irrational frenzy. Perhaps there is still room to grow, more money to be made

[Anonymous No.27455869]

You're a retarded gambler

[Anonymous No.27455899]

>>27455711
Interesting. Why is GRT better though? What is its function?

[Anonymous No.27455928]

>>27455630
One thing you should understand, my dear anon, is that it got the digits. Seven fucking Sevens.

[Anonymous No.27455980]

>>27455899
The problem is big. It's solvable without The Graph, but it's a huge pain. It involves writing a lot of complicated, custom code, which takes time and effort, and introduces the risk of making a mistake somewhere along the way. It's "boilerplate" code that shouldn't have to be rewritten for every single project!

The Graph removes an entire layer of writing decentralized apps. I think of it like what game engines did for the games industry. Years ago, before game engines like Unreal and Unity existed, game programmers had a lot more tedious work to do. They needed to write custom graphics code themselves to do something as simple as rendering a cube on the screen. They had to write complex code that would interact with the sound card, just to play audio. But then game engines came along and said...

Hey game programmers, you all keep writing this same complicated stuff over and over again! Why don't we bundle all that complex functionality together into a tool that you can easily reuse for all your games? That way you focus your time on writing the code that's actually specific to your game.

What did that do for the games industry? It resulted in an explosion of new developers and better games. Suddenly, it was so much easier for indie software developers to make full-fledged games, without having to spend weeks just trying to get a damn cube shown on the screen. People who would have never dreamed of making a game were able to get involved.

The Graph does something similar for decentralized apps. With it, developers can spend less time writing the complicated but common stuff. They can spend more time on the app itself. In terms of functionality, of course, it's nothing like a game engine -- nothing to do with audio, rendering, etc.

>>27455928
>EoY
>2018

[Anonymous No.27456056]

>>27455980

[Anonymous No.27456286]

>>27455980
You seem smarter than the linkers, I'll throw a couple hundred into it. What's your current stack btw?

[Anonymous No.27456412]

>>27454765
Any follow up? Wonder how he did over the last three years.

[Anonymous No.27456440]

>>27456286
I'm at 45k right now still accumulating. Also make sure you check out delegation.

[Anonymous No.27456854]

>>27456286
You seem incredibly naive. Good luck with your trade. Most OG's have done 150x on Link and if you do half as well on your Google of Blockchain, you'll be in a position to judge Linkers; until then, you're all piss and wind.
>>27456440
At least you're not shilling him a small dog coin. Best of luck with The Graph

[Anonymous No.27457487]

>>27456854
>Most OG's have done 150x on Link
God, you are an absolutely fucking idiot lol.

[Anonymous No.27457841]

>>27457487
>150x on link
that is 100% unrealistic
ive only 125x so far

[Anonymous No.27458017]

>>27454698
youd be retarded. ETH/BTC 20/80

[Anonymous No.27458612]

>>27454883
Other than PRQ everything is trash