Posted this before, and it got some traction so I might post this once a day or something as long as mods don't tell me it's spam
I am gonna teach you guys how to actually not get rekt on Cryptos, so listen up: So I know tons of you guys have been slowly getting into bitcoin and other alt currencies and I wanted to give you guys a heads up because Sup Forums actually got me into it and gave me financial freedom at only 21.
Tons of the coins on /biz/ are shitcoins. You will sometimes win on luck, but statistically you will get dumped on by people that got shilled those shitcoins when they were lower and now want to just get out.
To make REAL money in this game, and more importantly, consistent money, you need to invest in products. Investing in USABLE tokens will make sure that even if BTC slows down, the tokens retain their value.
>What kind of coins should I buy?: Tokens such as Horizon State (HST) and DragonChain (DRGN) Will continue to exist even if BTC dies out. Coins such as XLM and NEO, which can be used to invest in ICOs on their plaforms, will also always hold some value. These aren't as likely to 10x in a day, but they consistently do 10-20% gains (on average) per day with basically no risk. Coins such as LTC and ETH will always hold value, but these are less likely to do any more than a 2-3x over the span of a few weeks.
>Where do I buy? Binance, Bittrex, Kucoin. Those are the 3 you should have to ensure you have access to any coin you want. Primarily, I would recommend you focus on Kucoin. It is coming up ridiculously quick in total volume and PBC just announced they’d start trading on it because it consistently adds those useful tokens I mentioned earlier.
My referals: Kucoin - 1H8Ks (You pay less transaction fees if you were referred!) Binance - 11259207
Andrew Sanders
>What do I buy? Whatever YOU'VE researched and decided would be a useful PRODUCT. I will list below what I own, but buying something just cause a random guy on the internet recommended it is a bad idea. Look into each of these, their market cap, and then decide for yourself.
Today, I own: HST PBL XLM BTC ETH VEN
Again: DO NOT BUY these just because I own them. There's probably 50 coins that will do spectacularly well in the next few WEEKS, let alone years. Do your own research!
Some coins to research to get you started:
XLM XRP (bad for us, but can make money on it) REQ DRGN HST PBL DBC BAT OMG STK IOTA XRB NEO
A great way to research is twitter/reddit/Sup Forums (sometimes). Get lots of opinions to validate with each other. I personally have been following Ironwood Research Group and they were the ones that actually turned me onto some of these coins. Worth a google search, at least.
Christopher Ortiz
And lastly, a TLDR retard proof STEP BY STEP guide to buying some coins from absolute 0.
Open your browser Go to coinbase.com (or download the app on your phone) Create an account Go to your settings, upload whatever info they want to get verified Go to BUY, buy as much ETHEREUM as you can/want Open another tab Go to Kucoin.com USE MY REFERAL “ 1H8Ks “ Link your 2FA with google ( SAVE THIS IMAGE IN CASE YOU LOSE YOUR PHONE) Go to ASSETS Find ETHEREUM Click DEPOSIT Should show you an address, copy this Go to Coinbase.com Click Accounts, click Ethereum Send Paste your address Send
Congrats! You now have your money on Kucoin!
Back to Kucoin, refresh the same page you got your address till you receive your deposit Now, click MARKETS Click the ETH tab Find coin you want to buy Click BUY Click the ASK number on the top right of the small box Type in amount you want to buy You’re done! Now, download “DELTA” on your phone (or blockfolio, but that’s worse imo) and add all your transactions to keep track of your holdings easily.
Dominic Butler
Dam actually useful. Cheers. I have around 200£ in at the moment and what’s the best way to cash out. Coinbases fees seem rediculas so what do you use?
Isaiah Ward
guys don t sign up to bittrex, you won t be able to withdraw your coins unless you verify your ID.
Luis Perry
I can't cash out through coinbase because I'm a leaf. Try using Quadriga, or maybe LocalBitcoins? I'm not sure what country you're from, so I'm just assuming USA. Otherwise, might be worth a google.
I use Quadriga because it is Canadian.
You will have to verify your ID on any website that lets you withdraw fiat or even deposit more than ~$1,000 so that's not a very good reason not to.
Easton Moore
yeah but bittrex takes ages man, and their support are such cunts.
Samuel Taylor
English btw. I shall try thanks :)
Christopher Cox
I don't actually use bittrex much anymore, but it has the largest selection of coins. If someone wants to buy XRP for example, they can't get it on binance or kucoin.
Luke Johnson
I have XRP on binance
Cooper Powell
what do you think about Electroneum (ETN) or Tether?
Isaiah Scott
is Kraken good for cashing out in uk and eu?
Bentley Rogers
Careful with Tether. I believe they haven't been audited in like 4 years? So the existence of those dollars is dubious at best.
Not sure, I heard Kraken just came back online a few days ago so maybe?
Thomas Reyes
nice try faggot, trying to unload your bags shilling coins that will work for fuck ass?
Don't listen to this fucking pajeet
JUST BUY LINK AND DOGE OR STAY POOR
Jayden Foster
Kraken cucked everyone by being on lockdown for 2 whole days, if you just want to use it to cash out fine, but don't hodl coins there, you might get Mt. Goxed
Aaron Ramirez
fuck I had no idea, I usually prefer keeping coins on cold wallets but yeah, thanks for the tip. are there any other exchanges for cashing out like £500k worth of crypto?
Easton Bailey
>nice try faggot, trying to unload your bags shilling coins that will work for fuck ass?
>Don't listen to this fucking pajeet
>JUST BUY LINK AND DOGE OR STAY POOR
That's the people you're trying to avoid from /biz/. Doge...?
