To the majority of the internet 4chan.org is known as a useless hub full of social outcasts and grown men who live in their mothers basements. But that couldn't be possibly further from the truth. Yes there are corners of the site that are filled with the weird and the weirder, but that's only a fraction of what is often an underestimated goldmine.
I've been frequenting the site since 2015 mainly sticking to political boards, but because of a certain post I decided to check out the business board (4chan.com/biz/). I can mark this as the best financial decision that I've ever made. Lurking on the different threads I was exposed to the true potential and majorly undiscovered potential of block-chain currency trading. I spent around 2 - 3 months surfing the board and reading all kinds of threads having to do with these crypto-coins. At this point I had been working full-time as a dishwasher, and living paycheck to paycheck like 90% of the rest of the world does. Taking control of your money is possibly the best financial move you can do. You hear the saying "you gotta spend money to make money" and that often gets used to justify purchases that are of no use to the person, but that phrase is often over looked.
Putting down $100 dollars was heartbreaking to me at the time. $100 dollars could could have bought me groceries, and subway ride tokens for two weeks. I felt quite guilty spending that amount of money on something that was not even a physical coin. Never the less I put down $100 dollars on Digibyte. Scouring the threads on the board, the big talk on the street was that Digibyte was going to go parabolic within the week, I researched why exactly these anonymous users were stating that and I came across a dedicated Digibyte twitter, tweeting for the past few hours, urging traders to stock up on Digibyte and make a return of upwards 100 times the original investment. Being new and naive to crypto-trading I thought why not, so I bought 100 dollars worth of Digibyte before it hit 10 satoshis (10 Satoshis = 0.00000010 ฿ )
Just like most new traders I set it and forgot about it. Weeks go by and I didn't even bother looking at what I thought the worth had shrunk down to, I treated it like Schrodinger Cat, if I didn't know how much I had then I didn't lose anything. One day I decide to log into my twitter but for some reason the first page that opened was the Digibyte dedicated twitter account, I read the first two tweets and it says Digibyte has sky rocketed! I open up my Bittrex account and see that at that point my $100 dollars was worth $1000. I took to 4chan for advice on what I should invest in next. They told me to "HODL" meaning to hold onto the coin because it was about to go parabolic and keep its position there. A few weeks went by and I checked the growth. I was sitting on $10,000. I couldn't believe my very own eyes! My rent for the better part of 10 months, all accumulated in just the span of less than 2 months, from an investment of $100
Lesson I hope you take away from this post:
Get on 4Chan.org/biz/ You get the latest insight into which coins to invest into and which ones to avoid.
Listen to what the majority of people on that board have to say, the users are not idiots and a lot of them are seasoned/veteran traders. As much as your gut instinct tell you to not trust people on the internet. The business board on 4chan is really a group of people trying to help one another, and I can't stress that enough.
If this isn't proof that 'long term' investments are better than day trading I don't know what is. If you truly believe and stand behind the coins you invest in, keep up to date with the status of development and implementation of those coins, you will have no problem repeating the same outcome that happened to me
Thanks for reading and I hope this helped or convinced some of you.
Sincerely,
@Pryce