4chan archive /biz/ (index)
similar threads
2021-02-07 01:43 27954258 Anonymous /cng/ - Crypto Newfag General (cng.png 1024x681 330kB)
*Not the original OP *
"I'm creating this general thread for newfags. Why? Because /biz/ is under attack by shills. If you are new to crypto or need information, ask your questions here.
General advice:
- DYOR
- Do not buy heavily shilled coins on /biz/ such as Rubic, Bao, or whatever coin of the month it is. More on this below.*
- Only use fiat exchanges (Coinbase Pro has the lowest fees). They feature only the safest coins, and crypto exchanges require ETH for most coins and you will be murdered with fees.
- Always transfer your coins to a digital wallet when able. (Coinbase's wallet app is fine for a start.)
- Safest coins to invest into: BTC/ETH
- Safer coins to invest into: AAVE/UNI/LINK/GRT (BUT DYOR FAGGOT)
- Pick an investment strategy and stick to it. (Ex. Dollar cost average (DCA) or "always buy the dip").
- Diversify your portfolio. At least 2 coins, one of which should be BTC or ETH. Never all-in one coin. Never more than 4 coins sub-$10k.
- Never buy green or all time high, always buy red, unless you're DCAing.
- Don't day/swing trade crypto. Invest with intent to hold for years. Timing the crypto market is nigh-impossible.
- Never sell at a loss.
- Never "panic sell". If you DYOR, you should be confident your investment will eventually be profitable, regardless of dips.
- Never let FUD dictate your actions.
- Never let FOMO dictate your actions.
- Never let your emotions dictate your actions.
*Heavily shilled coins fall under the category of "shitcoins", "scamcoins", "discordcoins", or whatever you want to call them. Rubic, for instance, is using a Discord server to coordinate pump and dumps by generating hype on /biz/. There are hundreds of these coins. If you can't find any information on a coin outside of /biz/, if the developers have essentially no presence outside of their project, or if their website ends in ".finance", avoid it like the plague. Just buying these coins and converting them to and from ETH incurs extremely high fees anyway."
3 min later 27954497 Anonymous
GRT, AVAX, LTO, DOT.
HOLD
That's it.
You can DYOR and all that shit, but this is what someone who has spend the past few weeks doing research has come to the conclusion.
4 min later 27954607 Anonymous (1603554870018.jpg 567x450 146kB)
>>27954258
STACKING XTZ, XRP, and XLM. ive been mastering micro peaks. Ive turned like $15 from mining into $400 dollars so far. If alt season hits I could be at thousands at which Ill convert to dai, wait for normies to forget and buy back in. In the third alt season I will be asshole rich.
Buy XRP and XTZ while you can poor faggots.
I also am accumulating NOK. I am a god.
https://www.bitchute.com/video/Lqy6 fffxtjQb/
4 min later 27954638 Anonymous
>>27954258
Bump. Thank you for trying to help your fellow anon.
5 min later 27954691 Anonymous (1612653593764.jpg 914x914 131kB)
>>27954258
Newfags buy MCDC here: https://info.uniswap.org/token/0x89 37041c8c52a78c25aa54051f6a9dada23d4 2a2
6 min later 27954734 Anonymous
I thought desktop-side wallets were the way to go, not digital. I just saw the opposite advice pressed hard here the other day, so which is it, and which is the secure/best/easiest to use?
7 min later 27954842 Anonymous
Serious question: When people say DYOR, does that mean checking out the actual uses of the coin, having a functional website/devs, github, twitter posts, etc. Then what?
Coins that check all of the above still go belly up often.
8 min later 27954905 Anonymous
>>27954691
How do I know this won't steal my shit
9 min later 27955011 Anonymous
>>27954905
It's a meme scamcoin with zero fundamentals. You should never buy these in general, but especially not once they've already peaked.
11 min later 27955128 Anonymous
Anyone have a good trezor wallpaper?
11 min later 27955164 Anonymous
>>27954258
If I don’t have much money to invest should I just put a lot of money into eth or btc?
11 min later 27955176 Anonymous
>coinbase pro
Is it exclusive for westerners? Because it keeps giving me an error and refuse to log me in
13 min later 27955261 Anonymous (1612646274768.jpg 680x717 46kB)
>>27954905
If you prefer, go to uniswap.
Launch uniswap
Click charts
Type in MCDC
14 min later 27955332 Anonymous
Is AVAX legit? Looks good to me, part of me is scared I have FOMO but my gut tells me it's a good investment.
14 min later 27955338 Anonymous
>>27955176
If you’re not American just use Binance
15 min later 27955422 Anonymous
>>27955338
That's what I have been using thus far, thanks anon. Also:
>S.OY
kek
15 min later 27955435 Anonymous
>>27954734
You fucking bigger, newfag help.my ass. You're telling me some online jawn subject to hackers is better?
16 min later 27955524 Anonymous
>>27955338
I remember when it was called the breast expansion archive
16 min later 27955525 Anonymous
>GRT, AVAX, LTO, DOT.
how do I get these? I don't see them on coinbase pro
16 min later 27955526 Anonymous (1612657383964.jpg 897x607 81kB)
>>27955011
>he thinks it's peaked
OH NO NO NO NO
18 min later 27955675 Anonymous (tumblr_52a64a31d46522adf8f0fce2fadfbba9_6b454857_400.gif 400x214 2836kB)
>>27955011
You're about to get buttfucked by our mcgains faggot. gif related.
18 min later 27955702 Anonymous
crypto noob here
what's the bare minimum amount of ETH should you always keep on your coinbase pro to make rapid purchases of shitcoins and such?
I'm getting fucked over right now because I have to wait days before my $1000 USD bank transfer is verified on Coinbase. Until then, I can only trade with it, but I can't transfer it to something like Probit or Metamask to purchase something like Rubic or AAVE.
Also, what's the best way of finding coins that are worth less than a penny that have potential?
20 min later 27955845 Anonymous (knightshospitaller.jpg 900x686 153kB)
>>27955526
>>27955261
>>27954691
McDoanlds fags, begone from this place. I banish you in accordance with all the ancient laws. I EXPEL you from this place. This ground is SACRED. These people are the Lord's. You will not have them!
22 min later 27955996 Anonymous
>>27955702
You can't buy shitcoins on coinbase pro. If you don't have a good baseline, you shouldn't be buying shitcoins in general since gas fees will eat up a huge amount of your transactions (since they are flat).
26 min later 27956367 Anonymous
>>27954497
>past few weeks
28 min later 27956499 Anonymous
>>27954258
All new fags with a decent GPU (1070 or higher, RTX 2060 or higher) should be mining etherium. I use cruxpool.com but there are plenty of sites you can use out there.
28 min later 27956534 Anonymous (B5C08B24-5247-48A2-BCBA-8924ADCD661E.jpg 1440x900 113kB)
>>27955011
>peaked
OH NO NO NO NO
36 min later 27957227 Anonymous
>>27956499
How long does it take to mine 200$ worth of etherium with a good 1070?
37 min later 27957275 Anonymous
>>27956499
How much electricity is that going to cost?
42 min later 27957660 Anonymous
>want to buy shitcoin from uniswap
>gas is ridiculous
>wait a bit and realize it's worth the cost
>gas is even higher now
How do you fags deal with paying 1/3rd of the coin in gas?
43 min later 27957787 Anonymous
why should I get an e-wallet? what's the function?
44 min later 27957843 Anonymous
i want to get into crypto but it feels like bits going to self nuke itself like it did shortly after 20k, or was that for a reason i didnt know about?
45 min later 27957877 Anonymous
>>27955338
what if american
47 min later 27958017 Anonymous
>>27957660
how do i use uniswap
48 min later 27958089 Anonymous
>>27955996
I know, but don't I need to maintain ETH in my coinbase pro to transfer to something else?
For example, I see rubic shilled a lot. I wanted to buy like $100, so I transferred $100 from my bank to coinbase. Now to transfer from coinbase to metamask, it says it'll take 6 days, and that I can only use that money to trade within coinbase. So I can't actually buy any shitcoins
49 min later 27958177 Anonymous (5k.jpg 600x313 110kB)
I'm looking to invest $5k in coins. Which do I do?:
Option 1: $2k USD to BTC @ cashapp each day at 1.5% fees and instantly trade to other coins (FOMO)
Option 2: Verify at an exchange and wait the 7 days required before I can trade, pay lower fees.
What say you /biz/ vets? I'm more worried about BTC price change than fees...
49 min later 27958207 Anonymous
>>27955525
>GRT
someone must be blind
52 min later 27958385 Anonymous (Screenshot_20210206-203418.png 804x1599 307kB)
Is this cheating? It feels like cheating.
55 min later 27958634 Anonymous (1603061496812.jpg 600x592 44kB)
Can I make a decent living trading crypto and browsing /biz/? I'm a worthless NEET and no one will hire me but I really don't want to wagecuck anyway. I'm not looking to "make it" exactly, I just want to have a humble living with a doggo. FWIW I'm almost always up on my trades because I'm stubborn as fuck, it's just that my gains always have to go back into my bills so I don't get to keep any liquidity for investing for very long
Please, someone tell me the best way to sustain myself off crypto
56 min later 27958706 Anonymous (767FA864-F931-41A0-AC10-1BDD5E98FBC1.jpg 868x752 137kB)
>>27955845
It worked anon! You are a miracle worker!
What coin should I buy, wise one?
57 min later 27958780 Anonymous
>>27956499
>only 1050ti poorfag
>life is pointless
1 hours later 27959038 Anonymous
>>27954258
>DYOR
>long term investment
If people knew how these shitshows worked, and the implications, nobody would be in it for the long run.
1 hours later 27959422 Anonymous
>>27958634
no. get a job loser
1 hours later 27959675 Anonymous
>>27954258
Hey frens, when delegating my GRT from Metamask to the indexer when is the best time of day/week to use the least amount of ETH gas?
1 hours later 27959873 Anonymous (F5B6D987-8FD6-437A-8B77-0AF84B593D2A.jpg 828x1055 243kB)
>>27955845
Biz is sacred my ass
1 hours later 27960120 Anonymous
>>27957787
What is good wallet and why is OP wrong
1 hours later 27960708 Anonymous
>>27958706
Unironically BTC or ETH.
1 hours later 27960950 Anonymous
>>27958017
Get a proper wallet like coinbase wallet and transfer eth into it, then get metamask for chrome.
Link your wallet to metamask and then link your metamask to uniswap.
It's convoluted I know, but this is how you can get all the weird shitcoins before whales come in and inflate the cost like crazy.
Once the coin hits easier exchanges, it blows up and inflates even more.
1 hours later 27961243 Anonymous (1603457757133.jpg 600x399 28kB)
>>27959422
bro I just said no one will hire me
1 hours later 27961256 Anonymous (1603595204523s.jpg 250x241 6kB)
>- Don't day/swing trade crypto. Invest with intent to hold for years.
If you want to go long on things, put your money into the stock market. Crypto is for degenerate swing-trading/gambling and you know it.
1 hours later 27961467 Anonymous
>>27960950
so what is the next coin hitting the exchanhge
1 hours later 27961475 Anonymous (1611699736215.jpg 800x800 281kB)
Imagine if you could only make money by buying something nobody knows about, and then making it popular and selling it. This is what shills do. Keep in mind that Anon WILL lie to you to have you buy his bags, then when it's dumping he WILL tell you to keep holding it as if they will go back up eventually.
Not saying everyone on /biz/ is a shill, but look at /pol/, which is heavily infested with shills and literal shitposting bots (proven beyond shadow of a doubt) whose only goal is demoralize and make Anon's life worse. If entire governments will psyop a board to manipulate politics, of course Anon will psyop a board to make money.
As OP said, always do your own research. Coingecko is your friend and wagmi.
1 hours later 27961854 Anonymous
>>27961475
can coingecko be used instead of uniswap
1 hours later 27961926 Anonymous
>>27961854
Coingecko is just a site to moniter the coin, not to trade
1 hours later 27961983 Anonymous
Haven't been in Crypto since 2012
Found a lot of old DOGE in a wallet and sold most of it for BTC when Doge was at 5ish cents.
Was that a smart move?
What is the most recommended stable coin?
1 hours later 27962046 Anonymous
why are we dipping bros
1 hours later 27962189 Anonymous (1577331395423.png 480x580 226kB)
>>27961256
i swing traded doge for shits and giggles (was out before this pump.....thankfully.....) and honestly, its not a good feeling knowing your careful dip buys can get wiped out if it turns out you're actually funding a random shitcoin on the side. i like to stick to random early gambles and then transfer them into longer term gains.
1 hours later 27962292 Anonymous
>>27961983
Dai is the one I use, Tether seems to like it can burst, look at all the fud for it.
1 hours later 27962426 Anonymous
>>27961983
why wouldn't you just buy BTC or ETH?
1 hours later 27962515 Anonymous
>>27962426
Was thinking of swing trading a bit.
Would be nice to have a coin to dump gains into when BTC/ETH are mooning and buy the dip later.
1 hours later 27962615 Anonymous
>>27962515
wait if you're trying to swing trade, why would you want a stable coin?
1 hours later 27962653 Anonymous (1611362172169.gif 375x435 1077kB)
Trust The Project
1 hours later 27962775 Anonymous
>>27954258
Thanks for an actual good summary. I just got on Binance but haven't made any moves yet. There have been so many obscure/weird coins being shilled I was confused, good to know it is 90% shills.
>>27956499
Nice I'll check it out, seems like it's worth messing with at least.
1 hours later 27962984 Anonymous
>>27962615
My thought was this.
>COIN A moons
>if COIN B / C are dumping buy
>if not store in stablecoin to preserve value
>wait for COIN to dump.
I thought this sounded viable
1 hours later 27963044 Anonymous (unilink.png 1757x815 81kB)
>>27961854
coingecko is going to have the link for Uniswap at the bottom. Some people will make scam coins with the same name as the one you are trying buy so just googling the name of the coin won't always work.
1 hours later 27963247 Anonymous
Is ETH fucked or is this just a dip
2 hours later 27963594 Anonymous
>>27963247
Pay attention to what BTC does and you'll understand. No it's not fucked.
2 hours later 27963850 Anonymous
>>27960708
>ETH
Not looking so hot right now, wait a bit for this one.
2 hours later 27963909 Anonymous (1610318863503.jpg 225x225 3kB)
>>27958634
pls help
2 hours later 27964046 Anonymous
>>27963909
Get a job, if you don't have enough assets to start out with it's pointless to trade 8 hours a day in hopes of making it when you could be actually working for cash and investing instead.
2 hours later 27964125 Anonymous
>>27964046
no one will hire me bro
2 hours later 27965279 Anonymous
>>27964125
No him but get a job, anything. I know it's not the answer you want but IMHO you're better off sweeping floors at the pube barber shop & living super frugally as you build that income stream with investments.
If you're just going right into investing with no income you will keep eating your seed money.
2 hours later 27966369 Anonymous
>>27963909
There are ways to make money without getting hired, try some freelancing work or odd jobs until you can build up enough capital for investing.
Or you can try getting a loan and investing it in market, seems like bull market will continue for a bit, so it might be a good bet.
2 hours later 27966449 Anonymous
>>27957227
Idk about a 1070, but I have a 2080 super and have been getting 4$ for 16 hrs a day with lolminer and ethermine as pool.
2 hours later 27966497 Anonymous
>>27958385
What app is this?
2 hours later 27966589 Anonymous
>>27964125
Dude this is bullshit, your probably just not looking. Apply at FedEx, UPS or amazon. They will 100% hire you, I work at fedex and literally just put stickers on boxes all day for 18/hr
2 hours later 27967020 Anonymous
>>27966449
Could I use my PC as a miner if I don't have any extra cooling than stock fans?
2 hours later 27967280 Anonymous
>>27964125
Man just get any fucking job.
2 hours later 27967476 Anonymous
Ok, since this is a newbie general, what's the best portfolio app for PC? I'm still using a fucking windows phone so I'm looking for a pc option. I'll make it someday, hopefully.
2 hours later 27967495 Anonymous
>>27964125
Get a job. live with family or friends so you're not paying full rent, stack up savings
3 hours later 27968303 Anonymous
>>27967020
Definetly, mine never gets above 74 so you should be good. I am able to watch jewtube and do other stuff aswell while mining
3 hours later 27968487 Anonymous
Is AVAX meme coin ? Or I'm better off ADA
2.702 0.100