I have $1000 that I really have no use for right now.
I would spend them, but right now there's nothing for me to buy so I was thinking about ways to double my money or at least use it as a capital and start an investment.
Most of you guys talk about bitcoins and I kinda want some advice and maybe a few tips on how to trade them.
Should I spend them all in bitcoins? Where should I start? How do I begin to do anything? Pls help.
buy monero
I could, yeah. The thing is that I'm a newb that doesn't know anything.
study the market trends and develop a tactic to profit off the crypto ecosystem.. i made $3000 from monero in the last week with 1 buttcoin. The wild ride is only getting started
Okay yeah that's the easy part. What I mean is that I kinda need help setting up everything. Like I have no idea how buy/sell or do literally anything. Is there a video or something I could read?
buy BTC from coinbase go to poloniex, kraken, or bittrex and try your luck with the various PnDs
get on google you lazy motherfucker. if you don't even have the determination to do that, don't bother. you won't ever be successful if you can't help yourself.
I'm trying to get monero but coinbitches aren't approving the payment.
Gotcha.
I've been reading a bunch of stuff, but I don't understand half of it. That's literally all I've been doing for the past week...
>don't understand half of it
keep reading. eventually it will start to make sense. you have to study hard little one.
My problem is that I have no idea what stocks are good and which are bad.
I have all the time in the world to monitor them if I have to, but I just don't wanna end up throwing my money at something that won't go up.
Here's the big secret- nobody knows that. It's a game of odds. If I throw money at 10 stocks and lose on 9, but 1 goes up enough to cover all my losses, I still win. Get it? I would suggest reading Trade Your Way to Financial Freedom by Van K Tharp as a starting point. The thing is, most people who get into trading think it's all about finding "the one" that will make you rich. Right? You think you'll find the next Apple and get in on the ground floor, or the next Bitcoin before it catches on. Well, you won't. But you can develop a system for trading that will be profitable. Hope I helped a little. Really, read that book.
lurk moar
Do people not research anymore? You could lose that $1000 really fast. Do not trust anyone here.
Not OP but thanks for listing that book
will definately read it
>You think you'll find the next Apple and get in on the ground floor, or the next Bitcoin before it catches on. Well, you won't.
I already did, senpai. Monero will make me a billionaire.
you fell for a meme
Jokes on you. I got in before it was a meme.
OP here.
Thanks for the advice.
I'm gonna read that book and keep learning about all of this before I start losing money.
I actually work in a currency exchange bank atm and it is the same thing with the market.
Monies go up and down all the time just like stocks.
just remember, everything crypto related is a PnD. If you drill that through your head, and formulate an exit strategy before it crashes.. you should be rolling in the profits
>The wild ride is only getting started
Not really, impossible to know now if XMR will be stagnant for months in a downtren or will continue pumping.
You can take the cash to a casino and play roulette with it. This can be a profitable venture only if you follow this simple rule: leave while you're ahead and don't plan on gambling for the rest of your life!
That is essentially the only way to beat the casino (unless you are a pro poker player or card counter). So my best advice to you is put $100 on black/red and attempt to gamble up to $2000. If you lose on your first bet, bet $200, then bet $400. Odds are you will be profitable.
But remember, this only works if you leave when your ahead and never gamble again! The odds are always in favor of the house in the long run, but you can gamble up a pretty decent amount of cash and leave.
>works
>never gamble again
T. Casino owner