Crypto, daytrading, NFT, etc is all cope bullshit and no one's making any money off it

[ifyouwannabemylover]

I've been getting more and more into this whole crypto thing lately after having ignored it for a while and came to the conclusion that it's all a bunch of bullshit and people who claim they're making money probably just got lucky and made a small amount that they're about to lose again anyway. Nobody's making any substantial amount of money long term with crypto unless they're already wealthy. Every other guy is into crypto now and everyone's still poor.

 

[metagross]

Mostly true, especially trading is something where no one makes money and everyone just sells courses on "how to do trading".

 

[ToTheTop]

Richest people I know are in crypto. Tons of money to be made in crypto if you are patient and buy coins with good fundamentals and a solid future roadmap.

Buy, Hold, Stake.

If you stake certain coins you will also get an 'additional' 8-20% APR on top of any returns you are making of the coins' appreciation.

The losers are the people who try and 'time the market' via day trading or buying shitcoins with no rationale except 'it's going up'.

If you invest in crypto the same way you invest in property or stocks, there are many opportunities available.

 

[ezio6]

i put my money in btc when it was 3,5k guess how much my money has been multiplied since then

 

[Harold O'brien]

people are getting rich from these everyday

 

[Tallooksmaxxer]

people are getting rich from these everyday

its literally jackpot. if it hit you, it hit you.

 

[Harold O'brien]

its literally jackpot. if it hit you, it hit you.

depends if it's short term from shitcoins or longterm from fundamentals

 

[AlexBrown84]

Cope I made $2000 from poker today

@Thompsonz

 

[AlexBrown84]

Also @Amnesia is full time day trader and affords to get whatever surgery he wants and live in high rise koreatown apartment in Los Angeles

 

[Deleted member 13332]

Cope I made $2000 from poker today

@Thompsonz
View attachment 1610356

yea i told you to keep playing cash games and stop grinding tournaments for a one big final table for weeks
you can crush high stakes cash limits why tf waste time on some goofys math evaluating schemes on some shitty tourneys

 

[Deleted member 13332]

Also @Amnesia is full time day trader and affords to get whatever surgery he wants and live in high rise koreatown apartment in Los Angeles

@Amnesia is a trust fund child

 

[AlexBrown84]

@Amnesia is a trust fund child

Me too

 

[Deleted member 13332]

Me too

doesnt matter where you started, i started from the bottom like drake and now im here with all the blessings i have

 

[AlexBrown84]

doesnt matter where you started, i started from the bottom like drake and now im here with all the blessings i have

Yep

Got a small birthday gift of $30,000 and my rent paid for in downtown atlanta when I turned 18 from my dad, never looked back after that

 

[Amnesia]

Also @Amnesia is full time day trader and affords to get whatever surgery he wants and live in high rise koreatown apartment in Los Angeles

@Amnesia is a trust fund child

i started with 50 buck deposit into a poker site and made it into hundreds of thousands back when I was a teenager then my best friends mom (pro swing trader) taught me the basics of trading and I took it from there and created my own quantitative trading system from spending 16 hours a day for years studying historical data and tinkering with different technical indicators to find patterns in certain sectors of the economy. Took a portion of my poker winnings to pay for my surgeries and a portion to start trading with. I lost a few hundred thousand in the first year of trading, and had to refine my trading strategy until I became profitable.

I have never dabbled in crypto trading, I only trade a handful of securities because they have the most reliable trends

 

[Br0sk1]

I'm hodling Shinja tokens and they're more valuable now than they were when I bought them, but far less valuable than they were at the all time high.

 

[Deleted member 14160]

i started with 50 buck deposit into a poker site and made it into hundreds of thousands back when I was a teenager then my best friends mom (pro swing trader) taught me the basics of trading and I took it from there and created my own quantitative trading system from spending 16 hours a day for years studying historical data and tinkering with different technical indicators to find patterns in certain sectors of the economy. Took a portion of my poker winnings to pay for my surgeries and a portion to start trading with. I lost a few hundred thousand in the first year of trading, and had to refine my trading strategy until I became profitable.

I have never dabbled in crypto trading, I only trade a handful of securities because they have the most reliable trends

what've your returns been like
My dad did it the same way. He used to deliver courier packages during the day and pizzas over night back in '09. He used to tell me every pizza he delivered was basically another sshare of Bank of America at the time, fookin baller now his portfolio pays dividends more than my salary expectations

 

[AlexBrown84]

i started with 50 buck deposit into a poker site and made it into hundreds of thousands back when I was a teenager then my best friends mom (pro swing trader) taught me the basics of trading and I took it from there and created my own quantitative trading system from spending 16 hours a day for years studying historical data and tinkering with different technical indicators to find patterns in certain sectors of the economy. Took a portion of my poker winnings to pay for my surgeries and a portion to start trading with. I lost a few hundred thousand in the first year of trading, and had to refine my trading strategy until I became profitable.

I have never dabbled in crypto trading, I only trade a handful of securities because they have the most reliable trends

Similar to me. Took small amount from my business and started playing poker, got it to a big enough sum to where I can make $4,000 (0.74%) a day off of swing trading s&p 500 funds


@Thompsonz more poker inspo for you

 

[Eezz]

Similar to me. Took small amount from my business and started playing poker, got it to a big enough sum to where I can make $4,000 (0.74%) a day off of swing trading s&p 500 funds


@Thompsonz more poker inspo for you
View attachment 1610777

How can online poker be profitable ?
Isnt there a program that plays much more better than a human could ever do ?

 

[AlexBrown84]

How can online poker be profitable ?
Isnt there a program that plays much more better than a human could ever do ?

Hmmm maybe I should make a course? $60 for the course?

 

[Eezz]

Hmmm maybe I should make a course? $60 for the course?

I dont believe you make anything from online poker

 

[AlexBrown84]

I dont believe you make anything from online poker

@Thompsonz can confirm

Keep coping and be lazy indian wanting us to spoon feed you game for free

 

[Amnesia]

How can online poker be profitable ?
Isnt there a program that plays much more better than a human could ever do ?

nowadays online poker is extremely hard. But back in 2005-2008 it was so easy and that's when I made my money. Nowadays I play causally and still can make money but at a much much smaller winrate

 

[ToTheTop]

How can online poker be profitable ?
Isnt there a program that plays much more better than a human could ever do ?

It's profitable but not as profitable as it once was.

However, if you're smart and network to get into good high stakes games, stake/coach other players, it's a lucrative business model that can net a very good salary.

If you just play the most competitive games (pokerstars) and don't apply yourself in other business areas within poker, you're in for a tough ride if you want to exceed $250k/year.

 

[leloucheREBORN]

Cope I made $2000 from poker today

@Thompsonz
View attachment 1610356

Reall Bro? Congrats, how you learned poker and where do you play it

 

[leloucheREBORN]

What do you guys think in finding good/new Altcoins and stack them (via pancakeswap)?
Already lost 160€ From scam coin but will try it more.

 

[Deleted member 17763]

Yeah it’s all just glorified gambling

 

[eduardkoopman]

I've been getting more and more into this whole crypto thing lately after having ignored it for a while and came to the conclusion that it's all a bunch of bullshit and people who claim they're making money probably just got lucky and made a small amount that they're about to lose again anyway. Nobody's making any substantial amount of money long term with crypto unless they're already wealthy. Every other guy is into crypto now and everyone's still poor.

probably true.
I aped an input of like 3,000 USD to around 10,000 USD. But I bought some Bitcoin back in summer 2020, when it was at 10000 USD levels

 

[Deleted member 5786]

probably true.
I aped an input of like 3,000 USD to around 10,000 USD. But I bought some Bitcoin back in summer 2020, when it was at 10000 USD levels

Brutals

 

[valhalar]

I made 6 figures in crypto. Will be tryna turn it into 7 figures next bull run.

 

[cmena99]

Richest people I know are in crypto. Tons of money to be made in crypto if you are patient and buy coins with good fundamentals and a solid future roadmap.

Buy, Hold, Stake.

If you stake certain coins you will also get an 'additional' 8-20% APR on top of any returns you are making of the coins' appreciation.

The losers are the people who try and 'time the market' via day trading or buying shitcoins with no rationale except 'it's going up'.

If you invest in crypto the same way you invest in property or stocks, there are many opportunities available.

What does it mean to “stake” a coin?

 

[ToTheTop]

What does it mean to “stake” a coin?

You are lending, the platform acts as an intermediary (bank) between you and the borrower.

Normally, these exchanges require lots of collateral relative to the amount being borrowed (low LTV). This protects the lender from the borrower defaulting on the loan.

The reason the rates are much higher than in conventional finance is due to the aggressive speculation and investing done within crypto, many people are happy to take out loans for 20% APR as they believe assets such as Bitcoin will go up over 20% per annum. The exchanges then profit off the difference between the borrower-lending rate minus their operating fees.

 

[lilhorizontal32]

i started with 50 buck deposit into a poker site and made it into hundreds of thousands back when I was a teenager then my best friends mom (pro swing trader) taught me the basics of trading and I took it from there and created my own quantitative trading system from spending 16 hours a day for years studying historical data and tinkering with different technical indicators to find patterns in certain sectors of the economy. Took a portion of my poker winnings to pay for my surgeries and a portion to start trading with. I lost a few hundred thousand in the first year of trading, and had to refine my trading strategy until I became profitable.

I have never dabbled in crypto trading, I only trade a handful of securities because they have the most reliable trends

Bro what... mirin your entrepreneurial thinking and rare combination of high IQ + work ethic + high risk tolerance

 

[lilhorizontal32]

Similar to me. Took small amount from my business and started playing poker, got it to a big enough sum to where I can make $4,000 (0.74%) a day off of swing trading s&p 500 funds


@Thompsonz more poker inspo for you
View attachment 1610777

Mirin if true

 

[looksmaxxed]

everyone who criticizes crypto missed out, everyone who praises it made money from it. just sour grapes in the end

 

[noodlelover]

There's lots of different strategies with different risk profiles.

I take a buy and hold approach based on fundamentals (no dodge coin. no shit coins) which is lower returns but lower risk in the long run. I keep enough cash to live off of for short term volatility.

 

[Harold O'brien]

You are lending, the platform acts as an intermediary (bank) between you and the borrower.

Normally, these exchanges require lots of collateral relative to the amount being borrowed (low LTV). This protects the lender from the borrower defaulting on the loan.

The reason the rates are much higher than in conventional finance is due to the aggressive speculation and investing done within crypto, many people are happy to take out loans for 20% APR as they believe assets such as Bitcoin will go up over 20% per annum. The exchanges then profit off the difference between the borrower-lending rate minus their operating fees.

that's only for exchanges though

staking in defi is delegating coins to a validator in order to earn a share of the block rewards

 

[ConspiracyTheory]

I'm not interested in Crypto as a way to make money like a stock exchange and convert it back to Fiat. I am interested in Crypto as it's own stand alone currency. A lot of places are taking Crypto now as payment for goods and services. A decentralized currency is legit for so many reasons, most of which is that the government and central banks don't control it. Central banks are the enemy of every working person in the world.

 

[Raxflex]

Similar to me. Took small amount from my business and started playing poker, got it to a big enough sum to where I can make $4,000 (0.74%) a day off of swing trading s&p 500 funds

How big of a sum are you talking here? How much could you make a day with swing trading with 1 million dollars?

 

[Turanid_Bull]

money that comes easy goes easy

 

[Part-Time Chad]

Richest people I know are in crypto. Tons of money to be made in crypto if you are patient and buy coins with good fundamentals and a solid future roadmap.

Buy, Hold, Stake.

If you stake certain coins you will also get an 'additional' 8-20% APR on top of any returns you are making of the coins' appreciation.

The losers are the people who try and 'time the market' via day trading or buying shitcoins with no rationale except 'it's going up'.

If you invest in crypto the same way you invest in property or stocks, there are many opportunities available.

Doesn't staking put your coins at risk? Why would I do that for a measly 8%-20% annual return?

 

[ToTheTop]

Doesn't staking put your coins at risk? Why would I do that for a measly 8%-20% annual return?

Risks are close to nill if using a secure platform.

8-20% additional Interest on top of additional annual appreciation is pretty great if you ask me.

 

[PubertyMaxxer]

You are simply retarded or follow the wrong mentors

Pm me for the right way to trade cryptos

 

[Br0sk1]

What do you guys think in finding good/new Altcoins and stack them (via pancakeswap)?
Already lost 160€ From scam coin but will try it more.

Finding altcoins can be good (I found Shibnobi and I think it has worked out fairly well for me). I'd say try to find new ones listed on coingecko or coinmarketcap that are based on known IPs/memes/current events and try to get in early and sell in a day or two if you can. Most of them rug pull eventually.

A recent example would be the Will Smith Inu token on the Ethereum blockchain. There are plenty of altcoins on other blockchains too like Bsc, Polygon and Avax if you find the ETH gas fees to be too murderous.

Btw, Shibnobi would be the exception to the general rule about rugpulls (the dev seems pretty legit tbh and wants real utility). I bought it expecting a rug.

 

[leloucheREBORN]

Finding altcoins can be good (I found Shibnobi and I think it has worked out fairly well for me). I'd say try to find new ones listed on coingecko or coinmarketcap that are based on known IPs/memes/current events and try to get in early and sell in a day or two if you can. Most of them rug pull eventually.

A recent example would be the Will Smith Inu token on the Ethereum blockchain. There are plenty of altcoins on other blockchains too like Bsc, Polygon and Avax if you find the ETH gas fees to be too murderous.

Btw, Shibnobi would be the exception to the general rule about rugpulls (the dev seems pretty legit tbh and wants real utility). I bought it expecting a rug.

Thank you brother. Will do my homework then.
Just sent2.5k€ to my binance account and will find some coins.

What do you think of stacking?
My Brother tries to find new coins, stack them for 3-30 days and if they coin haven’t died yet he cashes it out (and made like x10). But this is risky

 

[Br0sk1]

Thank you brother. Will do my homework then.
Just sent2.5k€ to my binance account and will find some coins.

What do you think of stacking?
My Brother tries to find new coins, stack them for 3-30 days and if they coin haven’t died yet he cashes it out (and made like x10). But this is risky

Do you mean staking rather than stacking? If so, I don't know anything about staking tbh.

I'm not even that knowledgeable tbh and have not become a multimillionaire doing this or anything even close to that.

I mostly just lucked out with Shibnobi. Before that I bought Tiger King tokens at a bad time and had to hodl for 3 months to turn a profit and it was a Pyrrhic victory because I would've made more if I'd just not bought the Tiger King tokens and just kept that ETH as ETH.

However, it does seem that if you see a coin appear on coingecko or coinmarketcap and its name is based on a meme/anime/TV show etc., you will probably make money if you buy a few grand worth of it and sell your coins within a day or two.

 

[Part-Time Chad]

Risks are close to nill if using a secure platform.

8-20% additional Interest on top of additional annual appreciation is pretty great if you ask me.

It's great for stock standards, not for cryptocurrency standards.

Found this:

There is also the risk of slashing. This happens when the network destroys some of a validator's tokens if that validator doesn't follow the rules. If this happens to your staking pool, you can lose some or all of your investment.

 

[AO77777]

Daytrading is profitable but you need to have a plan and a variety of conditions that you stick too that have tested on historical data and has a safe exit if the trade goes wrong

 

[Harold O'brien]

Daytrading is profitable but you need to have a plan and a variety of conditions that you stick too that have tested on historical data and has a safe exit if the trade goes wrong

 

[AO77777]

Most people treat it like gambling so of course it sounds dumb but people are able to be profitable off NFT/trading/crypto all the time if they apply proper risk management.