>mfw randomly started trading crypto 2 weeks ago and made

I only started about a week ago but came to a lot of the same conclusion as you did, I only wish I had more capital (doing like $300 a month, all I can really afford.) Got that in ETH, XRP and DGB though, probably gonna keep them all in for the rest of this month where they're at.

>>2070908
>is picking up tracking all around the world
[citation needed]
>It has been integrated into CS Go.
Yeah, and?

>It's going to be fucking huge and is 1/5 a penny right now.
No evidence. This conclusion doesn't follow from the CSGO claim. I think you are a shill.

>Turned 10k into 35k in two weeks

You're not a fucking expert kid, half the people here can triple their investments like that. PLEASE NOBODY LISTEN TO THIS FAGGOT RETARD

>>2070908
I just had a look at the official DigiByte Market. I wondered why a 20$ gift card gives you 15628DGB. The same amount would cost you about 30$ on Yobit.
Are those gift cards useable like a wallet?

if yes
>arbitrage

>>2070908
Stop reposting ur LARPing threads

not reading that. what is he shilling and should i buy?

>>2070962
XBY, he's got real good things to say about it. I'm convinced desu.

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>>2070964
Thanks for the TLDR. XBY huh? Going all in.

>>2070908
>putting this much effort into shillong your literally who coin

>>2070975
It's been a 2 day effort.

>>2070946
>>2070958
>>2070975
>>2070977

guess you all know something I don't. Wanna share your earnings?

>oh wait you have made none

>>2070946
Top traders at high paying, elite trading firms, do not triple investments "like that" in fact they'd be lucky to get 30% returns consistently

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>>2070908

screencapping this and will post in exactly one year thanks OP

>>2070988
>doesn't understand the future
>works at mcdonalds
>steals fish o filet to eat at home otherwise goes hungry

>>2070987
Because of scalability issues and slippage. These traders could also easily turn 10 to 35 in the crypto space by applying fundamentals or simply leveraging their enormous information edge over the market

But even though that's 250%, it's only 25k. And 25k is a drop in the bucket. If someone is asking you to manage 10 million, you can't get 250% returns

>>2071021
>can make 250% with 25K but can't make 250% with 250M
>doesn't understand basic math

>>2070983
Neither have you, there's no proof except that you're LARPing

>>2070983
Same responses too.
>poorfags!
>IM GONNA TAKE YOUR ADVICE BUT ITS ALL RANDOM ITS ALL LUCK NOBODY KNOWS WHAT THEY ARE TALKING ABOUT
>hey btw guys thanks for the advice here a sick coin investment
Get lost.

>>2071022
do you even know what liquidity is or...

>>2071025
It's definitely not all luck. XRP was an extremely good call by /biz/, same with Stellar. Not sure about this XYB shit, and POSW will cease to exist in a few months at this rate.

Anyways KYS.

>>2071028
No shit, we're talking about numbers here and some people do have tens of millions in cash ready to make investments with you pleb
>durr easy to make 10 to 35 in crypto but not with millions of dollars because anyone with millions has their cash tied in non liquid real estate HURRRR

do you even listen to yourself?

>>2071022
Can't fault this maths. You should notify billion dollar hedgefund managers that they should put it all into Aliexpress products which they can then sell on Etsy at 1000x the price.

Fool proof. Basic maths.

>>2070908
to turn your 5k into millions your DGB would have to hit $1 a coin, with 8 billion + coins, it would have to go from a 15 mil market cap to a 8 bil marketcap

do you see how unlikely this is? i would love it to happen sure, but im not going to stop being a poorcuck until i stop living in a land of fantasy.

>>2071043

Throw $200 into XBY you won't be sorry. Also post portfolio pick or you are a determined larper..

>>2071065
So basically you're saying that DGB has to become as big as Ripple and I make a million?

Might drop another 5k and make 2 milly

>>2071043
You cannot just dump millions into crypto without affecting the price substantially just as you can't withdraw millions without doing the same.

I'm making twice the money from PoS staking than I do at my job

And my job is really exhausting (incidentally, it's for a Bitcoin exchange)

Should I quit or not, I can't decide

>>2070967
RIP

>>2071075
Yes you can with bigger market caps. This is how whales make money
>dump 2 million into top 5 shit coin
>prices rise, start trending upwards because other people want to moon
>you're up 400k
>dump everything, crash the coin, but you're safe

There are laws against this in the stock market, but even wealthy .001 percenters find ways to bypass them. I knew a guy once who did this for fun, he would literally destroy small-medium start ups by pumping and dumping them tactfully.

>>2070987

>Top traders at high paying, elite trading firms
>Top. Traders.

>>2071087
Theres laws against buying and then selling stocks?

>>2071089

Yes, there are laws against flooding money into a company and then pulling out everything after a sufficient pump is achieved. Not only does the company lose your sizable contribution, it crashes the stock value and everyone else begins selling, causing a chain reaction.

try to open your shallow mind to concepts that aren't immediately obvious...

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>mfw I'm STILL waiting for Kraken to approve Tier 3 since week and half ago

>started trading 2 weeks ago
>Tries to give advice
Wtf? I also got into crypto just a few weeks ago but that's just ignorant and conceited

>>2071145
I'm an investor. It's what I do for a living. So even if I learned about crypto yesterday, by today I'm lightyears ahead of you.

Investing is a skill. Learn it. Or you can call me a larping faggot like all these other basement dwelling NEETS.

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>>2071099

you seem pretty convincing. probably a shill but your making sense

what specifically leads you to believe DGB is capable of reaching an 8 billion + market cap?

'sell me this shitcoin.'

>>2071155
larpfag

I've held bitcoin for 3 years now and I'm never worried about it disappearing like your autism coins that might go up but most likely will disappear one day

>>2071099
>Not only does the company lose your sizable contribution, it crashes the stock value
Buying stock ≠ sizable contribution. Do you actually think the money goes to the company or something (wtf)?
Crashing the stock price is the only way it fucks up the company, but not as directly as you think, read up on it
http://www.investopedia.com/articles/basics/03/020703.asp
Pump and dump regulations exist to protect investors.

>>2070908
>250% returns
Absolutely, absolutely normal in cryto, esp. during the recent pumps. It sounds like you traded on /biz/'s advice, please humble yourself.
Also
>Taking lambo bants seriously
I agree though if there are people actually that delusional

>>2071022
I don't know if you're joking. Why don't you show your track record to a hedge fund and ask them to hire you?

>>2071224
>larpfag
Can you smell that? Mmm... the fresh scent of resentment in the air.

I'm also never worried about crypto going away because the majority of my holdings are diversified and profitable. Guess you and your 15 bitcoin better hope crypto is here to stay otherwise you'll be stealing fish-o-filets from work until the end of time.

>>2071233
Crashing a stock definitely effects the company badly.. are you serious? You literally just repeated what I said, then said I didn't know what I was talking about.

>I don't know if you're joking. Why don't you show your track record to a hedge fund and ask them to hire you?

Why would I want to work for a hedge fund? People go insane working in finance. My investments are strategic, but they really aren't things people wouldn't see if they thought clearly about things and weren't constantly hindered by their own preconceived notions about how an economy should be.

I invest in accordance to how I want my lifestyle to be, therefore I wouldn't be a good worker bee for a company that solely exists to maximize profit off mathematical algorithms that you literally need a masters in mathematics to understand. Which I have, but, you know. I want life to be good, not just be rich.

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Minecraft is dying DGB is a pretty weak attempt at a Crypto

I'm investing into the NWO, backed by Elon Musk, SpaceX and Vector Space Systems

>>2071175
Ok, the basics seem to be good with them. Sufficient market cap, good leadership, etc. Whatever, that's out of the way.

No coin can compete with BTC once their scaling problem is solved, which it will be. BTC is the reserve currency in the crypto world, and more importantly it has name recognition that will keep it at #1 even if another coin is better in every way. Marketing is everything. Android phones are superior to iphones in every other way, yet people love iphones and they are the biggest brand. I could expound on this further but fuck it you get the idea.

So how does another coin compete and get massive gains? By targeting another industry. Video games are bigger than movies, and microtransacitons have become the norm. Therefore with the news of DGB being used in minecraft and counter strike go, steam, opening in asia on their markets, etc, it has the potential to be huge. It could be the currency of the video game world. It has an edge over other crypto coins because it's not trying to be the global currency, just the video game one... but that's smart because it'll build an incredible base while other coins die off, and it can then continue to exist in it's own massive world or expand.

10k into DGB and you may have millions in the future. Think bigger, stop listening to these retarded ass XBY fags who post a picture of a frog in a space suit and say HURRR DURR MOON.

>>2071405
investing in elon musk is literally the most retarded thing you could do.

1) the man is an amoral piece of shit with 6 kids from multiple women, all of whom hate him. This has nothing to do with business, but listen to people who know him and you'll find that he has delusions of grandeur that make him impossible to be with or work with. He has a great marketing team and loser reddit tards love him, but he isn't an intelligent business man.

2) Delusions of grandeur. Elon is the physical manisfestation of those dumb facebook videos that hype up new bullshit technology. For example that lemonade cup thing that charges water and makes it takes like citrus for a second... COULD YOU SEND DRINKS OVER THE INTERNET IN THE FUTURE? No, you fucking retard, you're lying for hype. This is Elon in a nutshell.

3) Thusly, none of his companies are successful. They literally survive on hype from him giving away free teslas to famous people who want to virtue signal... You think any famous person driving a tesla bought them on their own? Wise up. He's shilling tesla more than these retarded fags are shilling XBY.

4) He's not that rich, and his investors come in and out like clockwork as soon as they learn the truth. He's not Tesla reborn, he's not a genius, he's a dude who got lucky in the internet age and is playing the "savior role" which is being eaten up by millenial faggots. Anyone who takes a look at his numbers and companies will realize it's all bullshit.

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>any crypto
>low risk

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>>2071430
He has connections to the developers of Nexus, he doesn't own or develop it. Also he made Telsa investors millions, his personality is irrelevant

I'm not investing into Elon Musk, you moron. Learn to read

>>2071430
>amoral
>6 kids from multiple women
Who gives a shit about morals when you're spreading your seed around like evolution wants you to? Sounds like an alpha spreading his high IQ genes around, good on him

the only difference between you and those NEETs is you're dumb enough to wager an entire house down payment on a speculative bubble

AND THEN dumb enough to think you'll become a millionaire on it!

>>2071430

I was with you until this post.

Look Tesla may be highly overvalued, but the dude started a successful fucking rocket company, fully electric car company in the most highly competitive field in the united states(auto), and solar panels company.

He is successful, it doesn't matter if his kids hate him. To do what he did takes delusions of granduer, but please enjoy getting rich off your minecraft coins.

>>2071436
>Learn to read
Good thing I don't need to read anything written by a larping faggot with zero capital who survives on a diet of stolen fish-o-filet sandwiches.

>>2071441
LIKE I SAID, being promiscuous has nothing to do with business but if you examine his personal life you'll find signs that he's not a genius and simply a man-child with ADHD who got lucky on investments.

The difference between him and Jobs is that Jobs wanted to create the best, Elon just wants to jack off whatever delusions he has into the world. No one can start a space ship company, electric car company, and electric car infrastructure company, and fucking battery and solar power panel company all at once.

>>2071080
Of course not. That's a shitcoin that is guaranteed to crash. You don't want to have to kill yourself.

Giving away BURSTcoin if anyone's interested.

>>2071080
Do sate my curiosity: which coins and what amounts are you staking. How much worth do you generate thus each month?

I'm about to invest 1k in meme coins

What about 500 in Humaniq and 500 in DBG?

I'm poor and this is all i have to invest

>>2071535
Sure yeh ok what's the catch

>>2071559
I don't want them? It's only 70 burstcoin mind.

>>2071557
XRP and Burst.

>>2071563
BURST-23E6-9GAJ-5Y5Q-6LESU

>>2070908
A dying autistic retarded feminist could triple their money in this market.

In fact you would have to be a brain dead retard not to triple your money. If you have only tripled your money you're probably underperforming the market, you're just a boat that raise a few feet when the tide went up and now you believe you can control the ocean.

>>2070908
fucking roleplayers

>>2071557
investing in literal shit tier /biz/ memes

It will be the alts with genuine superior tech that grow, things that can potentially compete and destroy everything

ETH/ETC,NEM,NEXUS(NXS),XMR(MONERO),BTC

>>2071573
Sent, should get it soon Anon.

>>2071535
Could I get some? Im depressed after my first crypto buy that was in LTC..

BURST-HK9D-P74Q-XDEJ-D6PGM

>>2071588
Already sent it to the Anon who requested it before you :(
Hope you make gains otherwise!

>>2071594
reeeeeeh. either way the transaction needs a MSG id i forgot to post so it wouldnt have got to me anyway. thanks

>>2071575
Don't see you doing it, pussy. Guess you must be dumber than a dying autistic retard.

>>2071577
Stay mad, I'm sure that'll help you quit your job at Burger King.

>>2071557
If you invest 1k into Ethereum right now, the most you could ever hope to profit is about 5-6k in the best case scenario. You need to hit the penny coins and catch a boom, that way you can turn 1k into 20k potentially and use that money to change your life.

>>2070908
>>2070983
>>2070991
>>2071022
>>2071074
>>2071087
>>2071099
>>2071155
>>2071388
>>2071388
>>2071043
>>2071413
>>2071430
>>2071492
>>2071504
>>2071624
>all these posts and he hasn't even posted a screenshot of his gains
I don't doubt that you made money, but unless you provide proof there is literally no reason to listen to you over some other autist on this board.

>inb4 where are your gains
I made $25k too just with Ethereum. But I'm not claiming to be an expert like you fag.

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>>2071557
>Humaniq

>>2071639
Is Tyrone still making videos?

>>2071624
>Stay mad
rofl i'm not mad i'm tired tired of this constant bullshit of scammer pajeets. there used to be good and interesting threads on /biz/ at least a few each day. now it's just pure crap.

>>2071103
Me too. Emailed them and it turned out there was an issue with my ID picture and they just didn't put 'verification failed' or something. Email them to clarify

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>>2070908
off of a 8,107,031,908 supply lol

>>2071624

Okay, what do you think of Humaniq, friend?

>>2071638
>ask me to post my gains after claiming gains
>claims gains and doesn't post his gains

>>2071669
It could be good for a pump and dump if it gets some puff pieces in NYT, etc. but Africa will never be out of poverty. So many nations have tried to capitalize on Africa's incredible resources, but it's impossible because of niggers. I know that sounds terrible, but it's true. Most of the blacks you see in the west have white genetics in them, making them tolerable. True niggers from Africa can barley function as a society, They are violent, stupid, tribal, and constantly engage in criminal behavior. To see them using crypto in the future when they can barely understand what money is to begin with is very unlikely

So if you're going to buy, pump and dump. Don't go long on this one. It's quite common knowledge that any business venture associated with blacks will fail.

>>2071713
Edgy. You're malaysian right?

>>2071713
>but Africa will never be out of poverty
Friendly reminder that Nigeria is amongst the fastest developing countries currently, they're the N in MINT which is pretty much equivalent to BRICS
The west took down Gaddafi when he was trying to strengthen the African Union and back it with the Gold Dinar, which would had uncucked the continent
>Most of the blacks you see in the west have white genetics in them, making them tolerable.
Most blacks in the west aren't anywhere close to tolerable, they're even worse than your African nigger
>So if you're going to buy, pump and dump.
It's pretty obvious this will be used entirely for speculation for a long time, but cryptos doing quite well in Africa, specially in the shitholes suffering hyperinflation and civil wars
>>2071723
/spa/ proved that most ASEAN fucks aren't insufferable faggots, it's always a fucking leaf

>>2071713

Okay, thanks bru, i will go 500 Humaniq, 500 DGB

>>2071734
lol. MINT is just ultra high level shilling. Mexico and Indonesia don't need to be part of some acronym, Mexico is already huge and Indonesia doesn't need Nigeria to help it's economy. Trust me, Africa is hopeless and it can only be used in pump and dumb schemes perpetrated by Goldman shills. You can't have a thriving modern economy with a majority of African blacks. You see this retarded shilling on /biz/? Strategy never changes, just the form it takes.

>Most blacks in the west aren't anywhere close to tolerable, they're even worse than your African nigger

You obviously haven't been to Africa. I can walk through the worst parts of Compton and Watts and there's an 80% chance I'll be fine. If you try to walk through the worst parts of Nigeria and other predominately black African countries you will 100% be robbed or raped if you are a woman.

ITT: No gains posted, everyones LARPing

>>2071785
>Compton and Watts and there's an 80% chance I'll be fine
It's 0% senpai, you are obviously a basement NEET
>lol. MINT is just ultra high level shilling. Mexico and Indonesia don't need to be part of some acronym, Mexico is already huge and Indonesia doesn't need Nigeria to help it's economy.
MINT doesn't mean they will help each other dumbfuck, they aren't anywhere close geographically nor politically
The acronym means there's a shitton of potential for massive development in those countries

>>2071713
>some puff pieces in NYT,

Rich people don't read that. The NYT exists to make some politicians look legitimate and even that doesn't work anymore because they lied too often.

>>2071458
The fact Tesla is a fully electric car company is easy mode thanks to the government. Tesla is given EPA credits that they sell to other car companies because they make cars with v8's that people want. I would like Tesla if they actually for once made an electric car that was revolutionary like the Model T Ford. Then they would sell themselves. Range, reliability, quicker charge, weight, and price need to be improved drastically for this to happen.

>>2071842
>Rich people don't read that.
The kind of people who donated thousands to Bernie do

>>2070958
I started 3 weeks ago and went from 12k to 50k last week. However by NOT listening to /biz/, which is about he worst advice you can give.

Never buy any of the meme and shitcoins shilled on here, except for when people talk about the big and/or reputable ones. But even then they're usually late to the party and scream and shout about how they're all going to the

>MOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOON

...excpet when a coin is mooning you are already TOO LATE and you WILL either buy at the top or pretty close to it. Soon after the trend reverses and you will think it's just a regular little downward move before going up again, but it will go deeper than expected and not recover as much and then go even deeper etc. and you'll either panic sell at a loss or be left holding bags. Only that you will NOT hold those bags for 1 or several months until you're in the green again, but instead sell them after 3 days to have liquid capital to pump into the next meme-coin or MOOOOOOOOOOOON MISSION you see shilled on here. And if you HODL xD, it's probably gonna be some shitcoin that's just fading out, because you never bothered to learn about the coins you bought or to draw "autism lines" or really put any

W O R K

into it.

You will repeat this several times and then leave the market without having learned anything and make butthurt threads about how "crypto is a scam".

>>2071921
>what is Ethereum.
If you listened to biz in 2015-2016, you would be doing pretty well right now. Ethereum was called a Russian scam and now look where it is. People who scream scam all day should kill themselves

>>2071921
How you know which coins to invest in, before they moon?

>>2071921
>>2071948
this

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>>2070908
>Unlike most of you I actually contribute to society
>posts a pedophile picture
One of these things is not alike

>>2071624
>for some reason he assumes it's hard to click a "buy" button
>he assumes I didn't buy ETH at $12
Literally anyone can do it.

You did not make the market go up, nor did you predict the increase. Your understanding of cryptocurrency, it would be different if you were basing your trades on actual data instead of chasing winners.

You basically admit in you OP that you don't know what you're doing, you are ok with losing all your money as you see it as a "risk" not a carefully calculated, sane, safe investment.

>>2070908
>Spreading $500 around on shit coins won't make you dick. Pick one penny crypto and place your bet. Try to understand how scaling works.
I did exactly this at the beginning of 2016 and now have about $25k to show for it after much trial and error, bad trades and some luck

Try to understand how compounding interest works.

thanks for the tip op, just mortgaged my house and put it all on dgb

>>2071713
Thanks for proving my point, friend. I'm not giving advice out like you are. If I was, I'd post proof.

This just shows you're just some larper. Yawn.

>>2071943
it's not like /biz/ were the only ones to realize the potential behind ETH

>>2071948
>>2071957
Study how the market "works", how it behaves (easiest example is the inverse relationship between BTC and alts, BTC goes up/alts go down etc.). Study the fundamentals of all major/promising coins (seems like ridiculous work at first, but if you're in the market a while and study a coin here and another one there etc., you'll soon have a solid knowledge of the important ones, think Pokemon).

More importantly (at least from my perspective), study technical analysis.

Figure out whose advice is worth following and get to know people who know their shit (e.g. on discord). Start by following Aaron AG and High Altitude Investing on Youtube. Also Chris Dunn, although I'm not a fan. They all have good tutorials, that will answer most of your questions and get you well on your way.

Important: Sign up with Coinigy and Tradingview and organize/keep track of your trades by using Cointracking.info

You'll have to figure out the rest yourself. If you can't do that you don't have the necessary motivation and initiative to "make it". However with ALL those pointers it should be relatively easy. Good luck.

>>2070908
Ah the "buy and wait for the moon in a bull market" method.

I imagine this advanced trading method hasn't been so consistent over the last 4 days or so.

>>2071824
>never been to a major city like LA
>giant basement dwelling virgin neet projecting his insecurities
>being part of the same acronym means they help each other, not necessarily directly but economic support isn't always direct
>fucking idiot kys faggot

>>2071842
Yes they do. Maybe the Rothchilds don't, but your average multimillionaire will read publications like WSJ and NYT, and I'm not including SWJ crowd that has no money but will invest in a black african person coin to assuage their misplaced guilt who will also contribute.

>>2071921
No you didn't. I can read the charts. A very likely situation would have had to occur for you to make that gain. Don't lie you larping faggot you don't have the skill to be convincing.

>>2072088
unlikely* FML.

>>2072088
>buy into XRP around 3000
>buy into STR around 350
>buy into XEM under 5000

etc. etc.

to be fair it was hard not to make money in the weeks before the recent BTC pump, especially if you already have 12k. I could have made lik1 15k more, if I hadn't sold XRP and STR too early.

Stay mad, loser.

>>2071921
Anyone who made a bunch of money in the the last few weeks needs to look at the charts.

http://coinmarketcap.com/charts/

It's not because your Warren Shitcoin Buffet, it's because there was an insane amount of money entering the market all at once.

If you can make just 10% on your capital, every single week for three years then you're worth listening to.

>>2072023
>>2072023

>>2072117
>goes to coinmarketcap
>tries to figure out combination that fits his lie
>tries to renforce lie
>fails
>kys faggot

Anyways, the most I've ever made in a day is approx 150k, so I guess I'll just be mad while sitting on a pile of cash.

>>2072132
>If you can make just 10% on your capital, every single week for three years then you're worth listening to.

FYI this never happens. Even the best investors don't see annual returns over 5-6% consistently. 7-10% is very good.

The reason for the rise of crypto is because big financial institutions have not moved in yet. Once they do, it'll be impossible for normal people to make the kind of money they are right now. We are in the wild west, win while you can.

>>2072088
>being part of the same acronym means they help each other, not necessarily directly but economic support isn't always direct
Literally zero sources, you know nothing about what you're talking about
Just listen to yourself
>Yes they do. Maybe the Rothchilds don't, but your average multimillionaire will read publications like WSJ and NYT
wew lad
>>2072184
>The reason for the rise of crypto is because big financial institutions have not moved in yet.
A lot are probing the waters, but none will move in until the market it's mature, which will take at least a decade

>>2072339
>demands source for how economic support isn't always direct as if that isn't already self-explanatory
>ok
>merely associating Mexico with Nigeria lends Nigeria prestige and will build confidence in investors
>kys you buffoon

>A lot are probing the waters, but none will move in until the market it's mature, which will take at least a decade

Anything that created an entire class of multi-millionaries in 4 years will not take a decade for financial institutions to invade. How stupid are you.

>>2072358
>literally not a single source, just talking out of my ass

I'm pretty new in this bitcurrency stuff, but I can't find DBG in neither Poloniex and Bitrex

>>2072454
It's because it isn't on Poloniex nor on Bittrex

>>2070908
>made money on crypto
>thinking XBY is shit

My XBY is up 49% since 7 may

Can't tell if you're an idiot or a FUD/troll, but carry on

>>2072454
It's "DGB" and it IS on polo nerd

>>2072375
>source is common sense.
>sorry can't find WSJ article titled, "Incase you're a retard, when mega economies like Mexico are put into acronyms with shit tier countries like Nigeria, Nigeria will benefit from being associated with Mexico."

>>2072454
>>2072480
DGB is on Poloniex

>>2072486
>shit coin went up because of shilling
>must be good, will continue to go up forever

>>2072526
>sorry can't find WSJ article titled, "Incase you're a retard, when mega economies like Mexico are put into acronyms with shit tier countries like Nigeria, Nigeria will benefit from being associated with Mexico."
You know Nigeria it's in that acronym due to it's solid fundamentals, right?

>>2070908
Dont be foolish, put some into Humaniq and make even more money. Then with this said money invest in personal projects. Cheers.

>>2072548
>"solid fundamentals"
>doesn't know goldman execs are shilling Nigeria for a pump and dump

>>2072562
>yeah it's just Goldman shilling trust me!

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>Newbie here been lurking on and off over the years

I'm confused, is buying and selling crypto coins illegal?

I don't really know but all these "coins" and the way ppl talk about them make it seem like I'll get in some serious shit if I try to learn how to buy and sell them, anyone care to explain the legality of them in a nutshell?
Would probably help alot of others here that are unsure about the seemily grey area of them

>in exchange here's some cats since it's the holiest of days caturday

>>2073018
no its not illegal but not paying taxes on them is illegal
i wouldnt suggest getting into it unless you have some form of knowledge on the subject or alot of time and money to throw at i to learn how to make money, not just get lucky

>>2073018
>I'm confused, is buying and selling crypto coins illegal?
It's legal pretty much everywhere in the world, with the exception of (possibly) North Korea, and gray enough in Venezuela to get people jailed
>I don't really know but all these "coins" and the way ppl talk about them make it seem like I'll get in some serious shit if I try to learn how to buy and sell them, anyone care to explain the legality of them in a nutshell?
The mean you will lose your money by doing bad trades, or earning money through trades/appreciation but not paying your taxes
Taxing on crypto varies literally everywhere, different states in the US have different laws, a lot of countries still don't tax crypto

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>>2073034
>>2073050
So going on my phones app store and downloading "coin" buying/trading apps won't land me in some sort of hot water?

And is there ways to pay low taxes on them?

>Also I'm a leaf so idk if anyone knows the taxation laws regarding meme coins or not

I thought there'd be more stock threads and how to's and such in /biz/ since I've been gone so long, but it seems like the only money ppl have made here is through the various "coins" and cautiously listening to ppl shill their various coins

>>2070908
>he thinks he is rich
I have 2million worth of eth and Im broke u know why

BECAUSE I CANT FUKIN CASH THIS SHT I CANT BUY SHT WITH CRYPTO COINS

Right now im trading slowly all my coins to btc n the latest cryptos bevause in the future either btc will be use to purchase anything or there will be a cash out option

>>2073085
People have done decent gains on /rgt/, we had a lot of $AMD threads and shitposting
We're on a pretty aggressive crypto bull right now, so that's why the board it's plastered with shitcoins
>>2073108
Bitfinex it's letting people with 50k USDT cash out, you can cash out on Coinbase too
I can cash out right now on my local CVS, and I'm in Mexico

>>2073085
im gonna be really honest with you m8
i recently jumped into the cryptocurrency (CC) craze
its a hell of a ride and you basically have no fucking idea what your doing and until you figure it out youll bleed money
however if your smart enought to figure it out with out having /biz/ fags trying to spoon feed you pump and dump coins then yes you can make money, but youll have to work through information that is reliable and info that is trying to scam you
just remember, its more work then just checking your phone once a day and making money off of coins

>>2073108
lol no you don't. Anyone with the insight to get into it that early is not as retarded as you sound. You can easily convert ETH into BTC or cash.

>>2070962
He called Bitcoin a "reserve currency" and a bunch of EVEN more volitile meme coins his "blue chip" holdings.

He's basically every bit as retarded as every trader on /biz/, except he couldn't even be assed to read a few Investopedia pages to learn proper trading terminology.

>>2071080
Only if or when you have enough to cash out and run a real buisness (Ie. Buying a Subway or something, not trading more meme coins)

>>2073210
BTC is the reserve currency. Blue chip was in quotations to denote a touch of sarcasm you retarded mongoloid. KYS.

>>2073271
Teach me, master.
Do you have an e-mail where I can contact you?

>>2072184
>FYI this never happens. Even the best investors don't see annual returns over 5-6% consistently. 7-10% is very good.

That's because they're managing hundreds of millions of dollars.

There are plenty of people who have made huge returns day trading shit like penny stocks until they lack liquidity.

Maybe 10% every week for 3 years is a bit optimistic. Maybe you could do it until you hit $100,000 then the returns would start to slow down.

>>2073414
This. It's relatively easy to make bank when you can get in and out of positions super fast. When you start tossing millions around, things get a bit more difficult.

>>2073414
>>2073421
Uh... you guys have autism? If assets are liquid, then it doesn't matter if you're investing with 10k or 100 million... the returns and losses are the same percentage. Try math sometime. It's just people tend to make more conservative choices with larger amounts of capital....
Crypto is super specific, of course you can't hop in and out with millions because the market is tiny relative to actual stocks... we're talking about general investment principles (crypto not being subject to them yet) and 5-7% consistently is amazing.

>>2073395
Ask here, I will try my best to help you.

>>2073482
Heres it goes. Aside from DGB, what other coins do you think have future?

>>2073482
currently a no coiner who has money moving at the moment to make my first BTC purchase. I see a lot of retards on here arguing the opposite of what you're saying in here, is there still money to be made? I planned on buying btc and some eth as long term holdings, and then using the rest of my investment to work with lower value coins. Is this bubble going to pop?

>>2073517
I'm still researching, have a few pretty good ideas that I'll post here in a couple of hours if I can confirm my hunches. DGB looks very solid though, I've moved quite a bit of money onto it but understand that it's a risky coin.

>>2073521
There is definitely still money to be made, this is just the beginning. Be wary of people who say that bitcoin will be worth 500k each in 20 years... BTC won't exist in 20 years when all currency goes digital. You can bet the world government will have it's own crypto by then. There is a 5-10 year life of this crypto trading... It won't last forever but a killing can be made inbetween.

>>2073482
I mean I can't stick 50 million dollars in a shitcoin that fluctuates 50% in a day.

If you have a shitload of capital you have to trade things like blue chip stocks which are way more competitive and efficient than crypto or penny stocks.

>>2073553
>me:you can't hop in and out with millions because the market is tiny relative to actual stocks
>you:I mean I can't stick 50 million dollars in a shitcoin that fluctuates 50% in a day.
>learn to read

>>2073539
Awesome, thanks for the advice man

>>2073482
No, it's not the same percentage

I worked in prop trading (software role not a trading role) and they have to make BIG efforts to not affect the market through their trades

If they're investing 100 million they can EASILY affect the market and tip someone off to their hand, they have to liquidate slowly, buy slowly, buy at certain times without it being obviously algorithmic. I don't know the details but it's not that easy

You can make double 10k but you can't double 100m without someone noticing and affecting your chance at doubling

>>2073721
Ok you're right, I was simply trying to make a point by using opposing figures but you are correct, hundreds of millions of instantaneous liquid capital injections fuck up markets. Congrats, you are very smart buy yourself a cookie.

>>2070908
Where does a total beginner even start? I'm interested in investing, any help pointing in the right direction would be appreciated.

>>2070908

i know you think you sound impressive, but you started with 10k, so you really only made like 2.5x your money.

I started with less, but I've made 10x my starting money.

>>2074033
What are you methods for picking out coins? Or was it just luck?

>>2070908
test

>>2073108
Nigga you can literally sell that shit or cash on kraken and withdraw it to your bank account with teir 3 verification, you can withdraw 25k per day, it's not hard

DGB's wallet is a fucking mess. how can i buy into this shit? why does it say its going to take 3 years to sync?

>>2071022
You are a special kind of stupid

Nice LARP thread you faggot autist

>>2075140
>slave mentality + severe autism
>no higher education or class, educated just enough to function as a cog in society

Yeah, you're right, With 250M you can actually make thousands of times more than you ever could with 25k.

>bribe politicians for policing favoring your investments
>hitmen
>run for office
>party with international banksters and get insider tips
>pump n dump ENTIRE MARKETS, causing pump yourself
>access to exclusive information that costs tens of thousands of dollars a month to get

kys pleb faggot.

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>still hasn't posted gains or wallet

>>2075526
>thinks I need to prove myself to some basement dwelling loser whose diet consists of hot pockets and fish-o-filets he steals from work

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>>2075594
>let me refute you by insulting instead of proving anything

>>2075594
OP you have balls and are the only person making sense ITT. i bought 100k dgb and that is the absolute max i could afford. its fucking hell being a white wagecuck in SA.

could you bless me with whatever dgb you can spare so i can escape this living hell before i am flayed alive?

D9Z9fgRNPQh4QAQWBSs5SaXYPrCo1FVpwR

>>2075594
McDonald's fag here, it'd be pretty much impossible to steal a filet-o-fish unless you were on good terms with some niggas in the kitchen.

>>2071103
SAME it's been 2 weeks for me