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/biz/ - Business & Finance

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28631136 No.28631136 [Reply] [Original]

How many people here invest in crypto without even knowing what a blockchain is or basic shit like tokens and smart contracts?

>> No.28631316

>>28631136
I don't even know what Crypto is. I just buy everything on coinbase and wait.

>> No.28631321

>>28631136
How would you describe a "token"?

>> No.28631375

>>28631136
I have a general idea of what a blockchain is, but no fucking clue about the intricacies.

>> No.28631442

>>28631136
Got me.

>> No.28631445
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28631445

>>28631136
its just gambling

>> No.28631582

>>28631316
Unironically going to make it

>> No.28631631
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28631631

>>28631321
I don't even know how crypto works, less whata token is but it sounds like the google of crypto or whatever. I just know its like some magic internet money that goes up or down depending on totally random shit, almost like a casino with no cash limit.

I just wanna know if I'm not alone and if I can make it despite being a retard in crypto.

>> No.28631685

>>28631136
What is blockchain? It's not even a top 100 coin

>> No.28631709

>>28631136
i invest based on how many digits a shitcoin threads gets. Up 1200% so far since november

>> No.28631746

it's one of those things nobody will admit to not knowing just so they don't seem a "less in the know" person I for once have no fucking clue and couldn't care less what a blockchain is or any other nerdy shit you spastics like to rub your meat to I just care about money

>> No.28631754

I'm in

>> No.28631761
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28631761

>>28631136
Haha BTC go brrrr

>> No.28631789

>>28631136
> 6 figures
> Don’t know what any of that stuff is
> I just liked the memes

>> No.28631818

>>28631136
as if knowing how it works actually gives you the knowledge to predict an entire market

>> No.28631838

classic /biz/

>> No.28631872

I still am not sure wtf a smart contract is.

>> No.28631926

>>28631136
Why would you need to know? I’m buying them not making them myself. Coins live and die on hype and I can read that.

>> No.28631929

>>28631872
A contract that went to college.

>> No.28631953

>>28631136
That's the only reason I haven't bought a single crypto coin.
I just don't understand what blockchains, oracles, smart contracts, etc. even are.
I also find it weird that different exchanges can give you access to certain coins, but you can't access them without those exchanges.

>> No.28631958

>>28631136
You have about a year to learn.

>> No.28632037

>>28631926
So is the whole "do your own research" stuff just a meme?

>> No.28632058

>>28631136
I buy periods of accumulation based on what the chart looks like, sell 50% of holdings staggered at higher prices that add up to cost to buy in... hold the remaining 50%. I unironically call it "gay internet money" and don't know shit about blockchains and don't care to know either.

>> No.28632063

>>28631136
Wealth and iq aren’t very strongly correlated, neither is beauty and iq, strength and iq, or humor and iq. Weak associations to be sure, that vain retards will play up as being significant but really intelligent people are usually middle class, ugly, autistic, and working in STEM for a fraction of what they could be earning.

>> No.28632094

>>28631136
I dont even understand what 99% of projects I buy do. I just know green good, red bad. Also 2000% up in last six months

>> No.28632095

anyone have that pic of the <100 IQ and >130 IQ shaking hands

>> No.28632281

>>28632037
DYOR so you can read the hype better (social media, announcements, etc)

>> No.28632374

>>28631136
Me. Learning how shit works is for normies

>> No.28632378

>>28631136
been here since 2017. No fucking clue what an "oracle" contract is or whatever. give me money

>> No.28632453
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28632453

>>28631136

>> No.28632461

>>28632281
That makes more sense than reading boring ass "crypto programs" nobody gives a fuck anyways. This clown world is way too twisted to try to make any rational sense out of it.

>> No.28632541
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28632541

>>28631631
unironically I am the same. I just like watching numbers going up, I dont know what staking,smart contracts,diffrent ECR 2001 or whatever.

I just like gambling

>> No.28632611

>>28631136
i kind of understand what basic shit like blockchain is. i don't really understand the calculations that miners perform. i also don't understand anything more advanced, like smart contracts, how erc20 works, what pooling/liquidity is, what defi/defi apps are, etc.

>> No.28632664
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28632664

If the people look intelligent, the site is stylish, and the logo professional, I buy 10k.

>> No.28632688
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28632688

>>28632058

same, bought some gay rhombuses last year while everyone was saying the honeymoon was over, sold 2 since they exploded and now I'm just fucking around with the rest
>press a button in wallet to turn rhombuses into Xs
>lol wtf

>> No.28632862

According to 5 minutes of googling, a blockchain is a decentralized ledger that stores data in "blocks", like for example a list of transactions. These blocks chain together once they're capacity is full, and are immutable, meaning that the data cannot be reversed or tampered with. Their immutability is what differentiates blockchains from databases.

I've been in crypto for 2 years and just learned this.

>> No.28632869
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28632869

>>28631136
I just dump my money on shit /biz/ tells me will moon.

>> No.28632964
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28632964

>>28632541
We are gonna make it fren

>> No.28633276
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28633276

Is crypto then, just the clown world money? only FUD and shilling make the market fluctuate? is that the ultimate red pill on crypto?

>> No.28633377

>>28631316
#metoo

>> No.28633403
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28633403

Heres some shitcoins that will 10x and you probably want to throw a cheeky 5-0 on.

SRM
COMP
ANKR
CTSI
CAKE
BAKE
POWR
CHZ
SNC
NPXS
PPT
ZIL

>> No.28633444

>>28631136
reality: people make threads saying that muh bitcoin is "old" and boomer crap, only because they think so and because they found a crypto with an icon they find better

>> No.28633540

Dont know shit about trading.

>buy x crypto for y price
>price goes up
>exchange it for stable coin
>price goes down
>buy more x crypto i want to acoomulate

Is this how it works?

>> No.28633582

>>28633444

>people say thing because they think so
intriguing

>> No.28633683

>>28633540
Yeah but sometimes it goes up forever and you get priced out or sometimes it goes down forever and you have to sell at a loss because it's most likely going to zero because it is a scam. In other words, you're gambling.

>> No.28633791

>>28631761
go brrrr to reddit

>> No.28633853
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28633853

>>28633403
Where can I buy these

>> No.28633886

>>28631136
Me.

>> No.28633958
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28633958

>>28633444
Ok boomer

>> No.28633986
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28633986

I've made six figures profit in half a year and I've never looked at a github or linkedin

>> No.28634064

>>28633853
All of them are on Binance except SNC, which is on Huobi and HitBTC. Also, Dentacoin. At some point in this bullrun, they are going to make dentacoin explode. Watch.

>> No.28634069

>>28631316
based

>> No.28634130
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28634130

>>28631136
me at least haha been doing it for a year and made 10x my investment

>> No.28634180

>>28631316
Based and redpilled.

>> No.28634194

>>28634064
>nearly a trillion circulating supply
bruh

>> No.28634196
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28634196

I mean, it's all just speculative dog shit
Tech is basically a religion and none of it has any proofs
Most code is held together by fucking string and paper mache and is tossed every quarter for the hot new thing, If you want to unironically make money on crypto just look at whoever can pitch the new retarded shit to a bunch of dumbass ceo's and buy
Than sell in 2 -3 years for 100x profit.

The thing you should never do it hold, because none of this shit is applicable or able to be applied on any actual system and will be tossed out in favor of the new retarded meme

t. Scrum Master who makes 150,000 a year doing literally nothing

>> No.28634251
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28634251

>all those whitepapers i read and countless hours of research i did were for nothing
>literal monkeys have 10x my portfolio because they aren't living in a 5th world shithole. they just clicked buttons on a mouse

>> No.28634256

All i know is line is green and it go up

>> No.28634305

>>28631136
I have a basic understanding gained from probably 1 hour of youtube videos

>> No.28634316

>>28632063
>Wealth and iq aren’t very strongly correlated
Yes it is. There's a very strong correlation and it's not even up for discussion because it's one of the most well studied observations.

>> No.28634328

>>28633683
>In other words, you're gambling

I know, feelsbadman.jpg

>> No.28634439

>>28631316
You will make it

>> No.28634469

>>28633986
Why would you have to look there? Are they selling crypto?

>> No.28634525
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28634525

>>28634064
Thanks bro, I'm gonna put 1k on one of these shitcoins you mentioned. If I had to pick one, which would it be?

>> No.28634532

>>28634194
Normally that would matter except the emission schedule is incredibly slow and because it only has 7% circulating, thats AFTER 4 years because this was huge in 2017/18 too - its easy to manipulate. The market cap is 10 million, it used to be over 2 billion and that was probably with like 2-3% circulating supply.

Its so amazingly cheap right now at 10m MC compared to 2 billion, Im not talking throw a grand at it, I mean throw 10, 50, 100$. It could be 10k, or 100k in a year.. but dont hold it after that, some whale is going to pump this I know it. If I trusted the exchanges its on more Id do it myself.

>> No.28634544

>>28631316
Same but I don’t buy everything just a few

>> No.28634556
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28634556

>>28631136
Just started with crypto in January, I don't know anything

>> No.28634582

>>28631953
i mean thats what an exchange is... just like euro to dollar exchanges, they can help you convert shit, you pay them a small sum to do so, everyone wins. make sure you hide your posts well btw, or jannies might catch on youre underage

>> No.28634687

>>28634469
github is where developers present their code and updates
linkedin is to see whether the project team is well qualified, has good track record, or is even real
I just buy top mcap coins which will obviously moon or were memed super hard

>> No.28634692

>>28631316
What do I even buy on coinbase? I got into the defi rabbit hole and I want to get out and not touch anything with gas fees ever again

>> No.28634701

>>28634316
kek, then has china been such a shithole with such high iqs for so long?

>> No.28634752

>>28631631
>>28632541
Holy shit this gave me a good laugh. Just watch a youtube video and ease into it you absolute retards, but bless your souls.

>> No.28634774

>>28634064
Dentacoin is literally a 2017 scam
Fuck off

>> No.28634822

>>28631136
casinos are closed, so i switched to crypto

>> No.28634847

>>28634525
I purposely put a small amount in all of them, now is the time. I fell for this altcoin bullshit in 2018 and they all dropped 99% or so in value. Now is the time to make 99% on your money, I mean its not the very bottom.. many are 5-10x the bottom already.. but they arent going back to that point.

Sell 50% of your shit in December, the other 50% when it starts to stumble in like January-Feb. We can pretty much expect a repeat of 2018.

>> No.28634899

>>28631316
Hail to the King baby

>> No.28634986

>>28634701
Within a given society of course. If you look within China you'd probably see that there's a correlation between IQ and wealth, though it's more fair to look at a Western country with more equal opportunity and free market.

>> No.28635001

>>28634692
Chainlink / XLM
possibly GRT

>> No.28635025

>>28634774
Dont buy it, the fuck do I care, this is a galaxy brain tip from someone whos been here that long.

Ill repeat, so you have a second chance to absorb this past your hostility towards things you dont understand:

It WAS a 2 billion dollar market cap, its now at 10 million. It has 7% circulating supply after like half a decade. It doesnt matter how much will be circulating a year from now, it matters that it can go 10x to 100 million, then 10x to 1 billion, which is 100x.

>> No.28635060

I don't even know what blockchain means and I never will. I just buy coins when they go down and sell them when they go up and this makes me money

>> No.28635216

>>28635025
No retard it means that the 93% held by the developers can be dumped on the market at whim, like what happened before
You'll probably convince some retards ITT to buy it as this IS a designated retard thread after all

>> No.28635331

>>28631316
absolutely based

>> No.28635391

>>28631136
*raises paw*

>> No.28635421

>>28634251
do they even have mcd in 5th world?

>> No.28635498

>>28635216
You have no idea what circulating supply is nor what dentacoins emission schedule is like, and its rigid. The developers dont dump shit, they give small amounts away for participation in surveys and the circulating supply is used by dentists and patients to trade, cutting out the middleman aka insurance companies. Dentists get a steady income, patients are incentivized to take care of their teeth because 90% of dental work is preventable, and so by reducing costs aka procedures that need to be done both the dentist and the patient profit.

Its legitimately a good crypto thats being ignored because it was manipulated BECAUSE it has such a tiny circulating supply. They didnt dump last time. This is the last tip youl get you hostile moron, you dont even deserve it. Pearls to swine.

>> No.28635533

>>28631136
I let others do the research for me.

>> No.28635578

>>28631316
enjoy your taxes

>> No.28635901

>>28632094
red buy green hold you mean.

>> No.28636095

>>28635498
Ok fine I bought an ETH worth

>> No.28636612

>>28631136
literally zero idea. buying coins that get shilled,
bitcoin $500k end of september

>> No.28636766
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28636766

$PAZZY

next 100x play

>> No.28637020

>>28631582
This. Iys the 1st thing I thought when I read anon's comment

>> No.28637113

BEPIS

>> No.28637195

>>28631316
It's working now because everything (including the zombie shitcoins from 2017) is going up

>> No.28637223

>>28631136
are crypto new coin? what market cap is it now? where can i buy it?

>> No.28637224

>>28635578
No taxes for converting fiat and hodling

>> No.28637310

>>28634701
the mass majority of human history has had china as the most advanced and prosperous nation on earth. It wasn't until the enlightenment that they fell behind and much of that was due to incompetent governments that were also overly centralized like the latery Qing dynasty and maoists. They're also on track to being the world superpower within a few decades.

>> No.28637370

I don't even know what Crypto is. I just buy everything on coinbase and wait.

>> No.28637562

>>28631136
99.999999999999999999 %

>> No.28637587

>>28634692
i feel the same lmao. what a fucking bost. I'd rather do margin trading, at least there I won't get taxed for being a moron.

>> No.28637644
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28637644

>>28631631
I won’t tell you.
Because you buy my bags.
You’re here AFTER THE GME AND DOGE fags.
So I’m just gonna chill and let you blow your trailer park mortgage on link at 1k$ so I can buy my pussy playground.
It’s like a sexual jungle gym I thought about after watching hentai.

>> No.28637714

yeah I'm completely missing some of the fundamentals. like, why does ETH require gas fees but BTC does not.

>> No.28637864

>>28637714
vitalik is a greedy kike

>> No.28637904
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28637904

All I know is it will make me money I don't give a shit about the technical stuff.

Get your money for nothing and checks for free.

>> No.28637916

Kek memes are powerful

>> No.28637920

>>28637714
gas fees are a scam
do you really think it needs "gas" to send digital currency? it's literally just pixels on your screen

>> No.28637926

>>28631929
It's spelled collage anon.

>> No.28637974

I literally don’t have a clue what I’m buying, all I know is that the largest financial institutions in the world expect this market to grow and I just buy the coins with the best predictions
> t. 100,000 XRP, 100,000 XLS, 500,000 vechain and 18,000 algorand

>> No.28637978

>>28637920
b-but the poor miners

>> No.28638012

>>28631316
makeit-pilled

>> No.28638141
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28638141

I'm worried that if I learn a little bit I'll go from a retard to a midwit and my gains will disappear

>> No.28638154

>>28631136
I just invest in tokens with cool logos and memes.

>> No.28638284
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28638284

I just buy shit that have a lot of threads. I bought GRT in December because of that and I'm pretty happy with the results. No idea what GRT is supposed to even do. Still not sure what a blockchain is either after 3 years.

>> No.28638471

>>28632869
how has this gone for you

>> No.28638497

>>28632664
based

>> No.28638607

>>28631136
yes. i bought ETH, LINK, and GRT because biz made good shill posts for them and they sounded convincing enough. never read any of the whitepapers for these or did any of my own research. im pretty dumb, not gonna lie. I only make 50K USD a year in a shit job. yet now im in low 7 figure hell. thanks biz

>> No.28638631
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28638631

>>28631136
i got 23k linkies and the only thing i know about it is some 4 min video about smart contracts i watched 3 years ago

>> No.28639251

>>28631316
Dangerously based

>> No.28639716

>>28631838
This.