/biz/ - Business & Finance

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Anonymous Sat Jun 8 14:35:55 2019 No.14060951 [Reply] [Original]

I'm a dumb early 20's wagie that wants to make my money work for me. I have 0 clue about anything related to /biz/. I've got like 5k I could lose without ruining my life. Please advise.

Anonymous Sat Jun 8 15:36:52 2019 No.14061639

Wait until about the end of the first week of August, then BUY Bitcoin
Or, if BTC gets anywhere close to $5k or $5.5k before that time, buy the fuck out of it and put money in until you have at least one Bitcoin

You can buy crypto the easiest way through coinbase, but if you want to avoid their horrendous fees they charge on the consumer frontend, just get verified with coinbase and you can automatically sign in to coinbase pro, where buy/sell fees are your typical .025% for crypto exchanges

>>	Anonymous Sat Jun 8 15:38:04 2019 No.14061656 File: 48 KB, 500x632, 1559754696036.jpg [View same] [iqdb] [saucenao] [google] >>14061639 Next BTC ATH?

>>	Anonymous Sat Jun 8 15:40:00 2019 No.14061674 >>14061639 Can you use EUR/USD in coinbase without buying coin first? That's nice information.

Anonymous Sat Jun 8 15:45:13 2019 No.14061741

>>14060951
Don't listen to the bitcoin fanboys. In truth, there is too much risk, and no real reason to believe that crypto is going up.

Buy into a broadly diversified global stock portfolio, through an ETF preferably. Decide how much risk/return you want and your investment horizon and choose your ETF accordingly. Diversification is key, it is the only way to avoid unneccesary risks.

>>	Anonymous Sat Jun 8 15:47:52 2019 No.14061770 >>14061656 180k june 2021

>>	Anonymous Sat Jun 8 15:49:31 2019 No.14061795 >>14061770 yeah sure buddy lol

>>	Anonymous Sat Jun 8 15:49:32 2019 No.14061796 >>14060951 All-in Chainlink. If you don't actually invest, just screencap this post and look at it before you hang yourself in 3 years :)

>>	Anonymous Sat Jun 8 15:53:35 2019 No.14061839 Buy my shitcoin OP

>>	Anonymous Sat Jun 8 15:54:30 2019 No.14061847 >>14060951 buy Precious Metals in the form of jewelry. Don't fuck around with stocks or crypto right now.

Anonymous Sat Jun 8 16:06:13 2019 No.14061990

>>14060951
>I'm a dumb early 20's wagie that wants to make my money work for me.
Then stay the fuck away from crypto until you have money you can afford to lose gambling.
> I have 0 clue about anything related to /biz/.
/biz is the blind leading the blind, off the cliff. Anyone who had a clue (or money) left a long time ago.
>I've got like 5k I could lose without ruining my life.
Putting it into crypto is like throwing it into the toilet.
>Please advise.
Start reading - not here, in real investment circles. Start reading investment forums, and websites. Use investopia for things you don't understand. Set up a fake money account at Morningstar, and watch what happens to your ideas, over a year's time. If you have to throw your money away on crypto, then set up a fake money account at Bitmex and try out some trades, with no risk. Don't put a dime into anything - including crypto, for at least a year.
In the meantime, put your 5k into a CD or some sort of interest bearing investment for a year, while you learn. It's not enough to really make a dent, anyway, but why lose it, when you don't know what the fuck you're doing?
And, stop asking the internet for advice. Spending someone else's money is easy, and the autists and degenerate gamblers here will always give you the worst advice. They're here, because they're fuck ups. The only reason you should listen to me is I'm telling you not to invest at all until you learn the basics. Even then, it's a risk, but you'll be in a better position to make your own bets, and not take the advice of some neet or poo who can't scrape $50 together.

>>	Anonymous Sat Jun 8 16:10:39 2019 No.14062042 >>14061990 >Putting it into crypto is like throwing it into the toilet. well it's more like gambling in a casino. You can win big if you get lucky. When you throw your money into the toilet the only one that wins is your town sewer-jew.

>>	Anonymous Sat Jun 8 16:13:04 2019 No.14062083 >>14062042 Gambling at the casino is no different, degenerate.

>>	Walter Carlton Sat Jun 8 16:14:40 2019 No.14062093 >>14062083 That's what I'm saying. Crypto is a gamble, you can win and you can lose, no way to know before hand, only that the chance you'll lose is slightly greater. Throwing money in the toilet on the other hand has no potential upside.

>>	Anonymous Sat Jun 8 16:15:17 2019 No.14062104 >>14060951 Open a Roth IRA and learn as you go

>>	Anonymous Sat Jun 8 16:23:58 2019 No.14062203 >>14062093 Okay, neckbeard. Way to derail the actual point, sperging about "potential upsides".

>>	Anonymous Sat Jun 8 16:25:43 2019 No.14062223 Buying crypto right now is like burning your money. Dont listen to the fanboys here, this is not a good moment

Walter Carlton Sat Jun 8 16:35:19 2019 No.14062345

>>14062203
The point is that you're exaggerating by saying it's just like flushing money down the toilet, just like the crypto fanboys are when they say crypto is certain to go up. Truth is it's a gamble, and whether you want to gamble with your money is a matter of preference. If you're risk seeking and care more about hitting the jackpot than you care about losing your money, it may very well be rational to invest in crypto.

Anonymous Sat Jun 8 16:49:56 2019 No.14062504

>>14060951
22 y/o here. invested in crypto when i was 20. invested 2k usd turned it into 40k usd. now started a staking as a service company after learning to code for the last 9 months and based on current status looking at 50k usd per year for basically sitting around and playing league of legends. that 50k increases exponentially with coin price. once i start my wagecuck job i will have an easy 50k+ side income on top of my salary

ama

>>	Anonymous Sat Jun 8 17:09:06 2019 No.14062708 >>14061990 This is some stick in the mud boomer who wants to keep you poor.

>>	Anonymous Sat Jun 8 17:24:30 2019 No.14062855 >>14061639 Useful advice on /biz/? Fuck off.

>>	Anonymous Sat Jun 8 17:26:35 2019 No.14062874 >>14060951 >Open a Roth IRA and start contributing to retirement >ignore shillcoins on biz, this place is fucking stupid

>>	Anonymous Sat Jun 8 18:23:19 2019 No.14063534 File: 83 KB, 502x604, The-optical-illusion-The-Young-Girl-Old-Woman.png [View same] [iqdb] [saucenao] [google] Is this picture an optical illusion like those fake dick pictures?

>>	Anonymous Sat Jun 8 18:27:29 2019 No.14063574 >>14060951 OP since i came here in 2017 the only coin i bought was link. buy chainlink OP my portfolio now is around 15k in crypto and i can stomach watching it go to 3k when it comes.

>>	Anonymous Sat Jun 8 19:10:21 2019 No.14064042 >>14061656 tried to find out who this brap goddess is but couldn't help

>>	Anonymous Sat Jun 8 19:16:29 2019 No.14064098 >>14060951 >>14061674 Do this https://twitter.com/JacobCanfield/status/1137072810029920258

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