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/biz/ - Business & Finance

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Anonymous Mon Feb 8 17:56:17 2021 No.28137207 [Reply] [Original]

convince me why I shouldn't put 90% of my savings in crypto

>>	Anonymous Mon Feb 8 17:57:18 2021 No.28137296 >>28137207 >28137207 No, unironically, do it. You have already a lots of IOTA, right?

>>	Anonymous Mon Feb 8 17:58:09 2021 No.28137355 why would you not want your money to grow lol?

>>	Anonymous Mon Feb 8 18:00:23 2021 No.28137539 >>28137207 Atleast %50 in stocks LINK for crypto Stocks domestic materials hardware and medical

>>	Anonymous Mon Feb 8 18:01:05 2021 No.28137605 If you're a poor fag you need to pay your bills keep operating cash and dump the rest into BTC and forget you own any. Then go look in 10 years.

>>	Anonymous Mon Feb 8 18:01:17 2021 No.28137622 >>28137539 > 50% in stocks stay poor >>28137207 Put 100% instead of 90%

>>	Anonymous Mon Feb 8 18:01:52 2021 No.28137671 >>28137207 you're only doing this now? only 90%?

>>	Anonymous Mon Feb 8 18:02:08 2021 No.28137695 >>28137207 Because it's going to crash soon, along with technology stocks (+ Tesla).

>>	Anonymous Mon Feb 8 18:02:32 2021 No.28137728 a month too late

>>	Anonymous Mon Feb 8 18:02:56 2021 No.28137766 its the peak of a bullrun dont lol

>>	Anonymous Mon Feb 8 18:03:30 2021 No.28137802 >>28137539 >stonks the growth potential just isn't there. Crypto is the new asset class that everyone should be jumping on. >LINK it's fine but OP is dumb if he doesn't buy at least SOME Bitcoin.

>>	Anonymous Mon Feb 8 18:03:34 2021 No.28137807 >>28137207 I already did that 2 months ago. Comfy as fuck

>>	Anonymous Mon Feb 8 18:03:46 2021 No.28137831 >>28137207 Taxes

>>	Reef-tan !!b3Ve/dI2b0f Mon Feb 8 18:04:38 2021 No.28137898 >>28137207 I have 90% of my savings in crypto, just dont go over 25% on a single coin and don't put it all on PnD shills, good luck.

Anonymous Mon Feb 8 18:05:08 2021 No.28137946
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I've put 8k in crypto.
I still have 25k liquid in the bank. No matter how much FOMO you're feeling, remember whatever you invest should be money you can live without. Basically if all the money I put in crypto somehow goes to $0 (e.g. losing your wallet, or Coinbase fucks you) and I lose my job at the same time, I still have enough money in savings to survive for a year.

>>	Anonymous Mon Feb 8 18:06:24 2021 No.28138067 >>28137207 buy XRP

>>	Anonymous Mon Feb 8 18:07:29 2021 No.28138167 >>28137207 Something something risk? Nah wait you don’t wanna hear any advice

>>	Anonymous Mon Feb 8 18:07:30 2021 No.28138165 >>28137207 Too volatile

>>	Anonymous Mon Feb 8 18:12:29 2021 No.28138589 >>28137898 I have 95% of NW in crypto and 90% of it in a single coin.

>>	Anonymous Mon Feb 8 18:13:53 2021 No.28138711 Crypto is volatile as fuck, always invest money you don't really need is the golden rule.

>>	Anonymous Mon Feb 8 18:13:59 2021 No.28138719 File: 42 KB, 646x595, 1596853004886.jpg [View same] [iqdb] [saucenao] [google] >>28137207 i put 10% of my savings in crypto a while ago and now it's my entire networth

>>	Anonymous Mon Feb 8 18:15:47 2021 No.28138881 >>28137695 Go back to bed, grandpa

Anonymous Mon Feb 8 18:15:59 2021 No.28138904

>>28137766
>>28137728
This and this. If you do it now you will be even more paranoid about checking your portfolio every few hours and picking when to sell.

Have less than half in and try to make some money off this run, but once it dumps 60-70% put in 90% into bluechips like BTC, DOT, ADA, AAVE, ATOM and check periodically only to buy the dips.

>>	Anonymous Mon Feb 8 18:16:49 2021 No.28138965 >>28137946 Based

>>	Anonymous Mon Feb 8 18:17:32 2021 No.28139035 >>28137695 Yep. Anyone that thinks this shit is sustainable needs to get their head checked. Wait for the dump and then buy the dip for the next ride.

>>	Anonymous Mon Feb 8 18:17:50 2021 No.28139063 >>28138904 I'm screencapping this, thanks anon

>>	Anonymous Mon Feb 8 18:31:05 2021 No.28140194 >>28138904 awful advice

>>	Anonymous Mon Feb 8 18:44:02 2021 No.28141255 My crypto and savings are both in the 6 figures, I feel its good to be safe, if one fails I have the other.

>>	Anonymous Mon Feb 8 18:45:32 2021 No.28141369 >>28137207 Silver and silver miners like Bayhorse Silver have a real chance to go 100x when the COMEX breaks and are objectively undervalued investments

>>	Anonymous Mon Feb 8 18:46:22 2021 No.28141438 >>28138881 hahahaha HAHAHAHA IMAGINE SHORTING BITCOIN HAHAHA FUCKING OLDFAG BOOMERS

>>	Anonymous Mon Feb 8 18:46:45 2021 No.28141469 >>28137207 One whale dump and it will take you years to make it back.

>>	Anonymous Mon Feb 8 18:47:04 2021 No.28141492 >>28137207 I can't because I put 100% in

>>	Anonymous Mon Feb 8 18:47:21 2021 No.28141512 >>28137207 you should but maybe get some stocks too

>>	Anonymous Mon Feb 8 18:48:05 2021 No.28141564 File: 65 KB, 1200x514, D8951525-E721-484A-BD8A-9365BEABFB8C.jpg [View same] [iqdb] [saucenao] [google] >>28137539 >stonks destined to implode >50% in that

>>	Anonymous Mon Feb 8 18:48:25 2021 No.28141592 >>28139035 What's more likely? Tesla buying 1.5b of Bitcoin at the peak of the cycle or you being a fucking retard?

>>	Anonymous Mon Feb 8 18:49:22 2021 No.28141687 >>28137207 That’s exactly what I did Fuck stocks and their boomer returns. Besides the stock market is at an all time high. Maybe it goes up a little bit more from here, but I’ll bet it’s coming down sooner than later

>>	Anonymous Mon Feb 8 18:50:01 2021 No.28141748 File: 259 KB, 1200x747, AugustRates-2.jpg [View same] [iqdb] [saucenao] [google] Convince me not to put 50% of my crypto on blockfi

>>	Anonymous Mon Feb 8 18:52:14 2021 No.28141947 >>28137207 probably a good move, but the time to do this was 2018-2020 bro. im not trying to make you feel like you missed the boat, but there's a lot more downside right now

>>	Anonymous Mon Feb 8 18:52:55 2021 No.28141995 >>28137207 Depends on how much you have, how much do you have? Then I'll answer, I'm a super genius who has unironically made 2 million from 10k in a year.

>>	Anonymous Mon Feb 8 18:54:15 2021 No.28142104 >>28141592 exactly anon, the bullrun is just getting started. In fact, this is about to be a rodeo that we have been waiting for since 2011.

>>	Anonymous Mon Feb 8 18:56:37 2021 No.28142317 >>28141748 crypto dot com has better rates, more capital backing it, a crypto debit card, is FDIC insured, and has a much larger selection of coins

>>	Anonymous Mon Feb 8 18:59:08 2021 No.28142532 >>28137207 You should, but don't ape in all at once and maybe not 90% more like 75%. Keep emergency cash fund to the buy the dip and for emergencies. >I'm not a financial advisor

>>	Anonymous Mon Feb 8 19:01:26 2021 No.28142720 >>28137207 Last summer I put $8k in crypto, $8k in stocks. Now I have $50k in crypto and $15k in stocks

>>	Anonymous Mon Feb 8 19:02:05 2021 No.28142778 >>28141592 >>28142104 Tesla bought in MONTHS ago you idiots. Fucksake, this board.

>>	Anonymous Mon Feb 8 19:02:14 2021 No.28142789 >>28141564 >implying crypto isn’t

Anonymous Mon Feb 8 19:03:52 2021 No.28142915

>>28137207
Fag half of us here only have savings because of crypto lol, I'm 100% in. Just ape in now while we are at the start of a bullmarket. Just be prepared to hold bags for years worst case.

T. Aped in and maxxed out CC in Aug 2017 on crypto, best decision. (However doing that in Jan 2018 would have been retarded)

>>	Anonymous Mon Feb 8 19:04:06 2021 No.28142934 >>28137207 Are you single? If not single put half in. I did 90%, told my wife. She’s excited.

>>	Anonymous Mon Feb 8 19:04:23 2021 No.28142952 >>28137207 It's not being pumped by wall street bets.

>>	Anonymous Mon Feb 8 19:06:56 2021 No.28143163 >>28137207 It's better to have your money doing nothing in a bank account than to buy at ATH with a crash coming.

>>	Anonymous Mon Feb 8 19:07:17 2021 No.28143194 >>28141438 how do you short crypto hello? you can't borrow it, once the transaction is made it's made

>>	Anonymous Mon Feb 8 19:08:32 2021 No.28143294 >>28137207 That's literally what we've been suggesting for years. You supposed to buy in before Elon idiot.

>>	Anonymous Mon Feb 8 19:09:40 2021 No.28143385 https://casebitcoin.com/ look at charts, read news, read articles on fundamentals

Anonymous Mon Feb 8 19:16:03 2021 No.28143923
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>>28137946
good self control, I don't have it.
I start doing the wildly hopeful percentages in my head and feel that I need to maximise my GUARANTEED gains this very instant. I'm not all-in on crypto though, mostly stocks. I'm not sure even I could go unironically all-in on funny internet money like some brave anons.

>>	Anonymous Mon Feb 8 19:26:08 2021 No.28144772 >>28137296 What about Bao? Is that a biz meme or legit got some weight to it

Anonymous Mon Feb 8 19:27:42 2021 No.28144900

>>28137207
maybe you should. I've already put in 60k in the past 3 days. doing pretty good. kinda like saying fuck the traditional market. made more in those 3 days that months of reducing interest and my current "real world" investments since they shit the bed during covid. plus it's 24/7 which I like. and some faggot isn't taking a cut off the top.

>>	Anonymous Mon Feb 8 19:28:23 2021 No.28144956 File: 162 KB, 1960x538, Screen Shot 2021-02-09 at 00.27.22.png [View same] [iqdb] [saucenao] [google] >>28137207

>>	Anonymous Mon Feb 8 19:29:10 2021 No.28145019 i put 70% of my net worth in one DeFi coin in the past few days so don't look at me

>>	Anonymous Mon Feb 8 19:30:32 2021 No.28145128 File: 95 KB, 524x512, 1555133465334.jpg [View same] [iqdb] [saucenao] [google] sheeeit mane where can I gits me summa dem bitcoin stocks yafeelme

>>	Anonymous Mon Feb 8 19:30:54 2021 No.28145159 >>28137802 what is “some”?

>>	Anonymous Mon Feb 8 19:31:19 2021 No.28145193 I have most of my money in a safe portfolio, i put my extra earnings now in crypto, feels good, its easy to have trigger fingers though and put all your money down. Its up to you desu.

>>	Anonymous Mon Feb 8 19:32:49 2021 No.28145319 >>28137207 This is shit is gonna dump again this year and you're going to hate yourself for buying at the top

>>	Anonymous Mon Feb 8 19:35:23 2021 No.28145493 >>28137207 It's risky, and if you lose most of it you'll become suicidal. At least I'd wait for a major dump. Why not start with 10%? And then, next year, if you're still in the green and know more about the trends, then maybe you can put more.

>>	Anonymous Mon Feb 8 19:39:48 2021 No.28145854 File: 49 KB, 357x386, A1475A74-AA78-4908-AB36-F2FA9F9EDE86.jpg [View same] [iqdb] [saucenao] [google] >>28145128 A gots me dat chaainLANK

>>	Anonymous Mon Feb 8 19:41:52 2021 No.28146003 >>28141369 You are retarded

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