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/biz/ - Business & Finance


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24042796 No.24042796 [Reply] [Original]

>be me
>grandmother dies due to covid
>we were somewhat united cuz i was his only grandson
>turns out that according to his lawyer in his will she leaves me a large volume of money
>idontknowwhattodo.jpg

I have basic knowledge of the market but nothing very advanced, im very interested in cryptocurrencies.
if u give me good advice I will come back and give away some of my earnings here in /biz

>> No.24042814

Was it a tranny?

>> No.24042833

>>24042796
gender fluid it seems.

>> No.24042877

>>24042814
Kinda anon, thats not the point

>> No.24042900
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24042900

>>24042796
>grandmother
>i was his only grandson

>> No.24042920

>>24042796
>grandmother
>his
Are you dumb stoopid or dumb?

>> No.24042969

OP is just esl
Put half of it in boomer stuff which is less volatile than shit coins and then go crazy with alts

>> No.24042975

>>24042796
Just throw it at all BTC and sell dec 2021. It's the safest crypto, it's outside the fiat system which stands to collapse during this crises, and if you store it right they can't take it from you. Or just buy a home to live in if you know where you want to live forever

>> No.24042991

>>24042796
COVID isn’t real? She was most likely killed by the doctor
Sue for malpractice

>> No.24043070

>>24042796
bitcoin ether chainlink

thank me later, i am only returning the favor

>> No.24043128

>>24042796
Here are 4 solid projects for you to study, and where you should begin

Cardano / ADA
>listen to Messari's videos with Charles Hoskinson
>subscribe to 'Charles Hoskinson' and 'IOHK'
>follow their subreddit
>join their telegram

Iota / MIOTA
>watch Dominik Schiener's video "IOTA FutureProof #1: The Question of Why"
>subscribe to 'Hello IOTA' and 'IOTA News'
>follow their subreddit
>join their discord

Reserve Protocol / RSR
>read the whitepaper
>join their telegram

Kleros / PNK
>read the whitepaper
>join their telegram

To win in crypto, you must tune out the noise.
80% of what you'll hear is people repeating bs they heard
People will even FUD their own investments to keep them cheap in the short term
I missed out on 1¢ Kleros because I only heard retarded FUD on /biz/ and didn't dig deep enough

Good luck anon

>> No.24043362

>>24043070
This. BTC, ETH, and LINK have become such large parts of the crypto ecosystem that you're basically betting that crypto won't collapse with this combo. (There's also Tether, but that's constrained to be $1 USD so it's a pretty shitty investment, you might as well buy Treasury bonds at that point.)
Feel free to throw in one shitcoin of your choice in a low quantity. I do XRP just for the memes. But at this point in the game, we're not going to see any amazing new tech overtaking the rest. Network effects are here to stay.

>> No.24043537

>>24042796
heres something you wont hear here often, buy tesla, amd, and tsm. feel safe knowing that basement dwellers and yuppies fuel your pockets

>> No.24043554

>>24042796
Index funds with 6-8% dividends and rental property.

>> No.24043617

>>24042796
Was it in cash or was it already invested? If it's already invested you should probably just keep whatever it is she had, and enjoy the cash flow. If it is cash, then you have to do something with it. I'm assuming it's more than 100k, otherwise who gives a shit? If you are risk tolerant and can wait for returns, put it all in BTC and wait 5 years and you'll be rich as fuck. If you are not risk tolerant and it's enough to buy a house or small apartment complex, then buy real estate and collect rent. Don't buy any stupid shit like a fancy car or some bullshit watch. This can change your life forever, but only if you aren't a retard.

>> No.24043678

Put your money on different tokens anon, that strategy can't go wrong.

>> No.24043691

>>24043554
This plus BTC

>> No.24043714

>>24043128
Three of these are scams

>> No.24043747

And put little sums of money on alt coins, like AVAX, so if the token goes to shit you don't loose that much money but if the token moons you make a ton of cash.

>> No.24043773

If this isn’t bait, don’t gamble the inheritance on fucking crypto.
This is some fall on your lap money. If you’re broke or less than wealthy, put it down for 4% at any bank and forget about it. If your grandmother left you some fuck you money, shop around for hedge funds and see who wines and dines you better. I doubt you’re getting millions, though.
Fucking finally, if you’re stubborn enough to still want to play wolf of Wall Street neet edition and try to become a crypto zillionaire, take months to read and catch up to the game. Take a grand and try to flip it to 10. When you lose it all, imagine how bad it would’ve felt to lose it all. Forget about alts unless you can smell the curry through the screen and weed out scams.

Seriously, safe 4% investment in the bank. Let that be your fortress of fucking solitude.