/biz/ - Business & Finance

Bitcoin has been tamed. It's over.

It's driving me absolutely fucking mad.
> Whenever it pumps, I get unbelievably excited euphoric, happy, feeling like my life is heading in the right direction and I may finally break even
> The market drops about 5%, and suddenly it's back to severe depression and easily snapping at people, and I feel like breaking and slamming shit, and always feeling mopey and angry
> When it crabs, same as above - except I keep checking back at the markets and keep getting frustrated and impatient, and I start swapping tokens around like a schizo retard because of my impatience

WHY DOES THIS MARKET ALWAYS DO THIS TO ME!?!?!?!? WHAT BLACK MAGIC IS BEING USED TO MAKE ME BE LIKE THIS?!?!?!?!? AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

I bought at $7 and sold at $9 AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

I sold because I thought 2021 ATH would be bagholders dumping, but it keeps going upAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

It's quite shameful that we're in a period of time where the mid-life crisis now begins at age 30 instead of age 40. It's simply a sign of the times with housing costs having skyrocketed past the rubicon and wages flat out won't go up thanks to immigration and boomers being stubborn mutts. This is exactly the reason why you see these type of posts on baseddit all the time now (it's commonplace on 4chan too).

Anyways, 31 anon here, and I feel kinda the same as the screenshot poster, except different circumstances:
> Lost $100k to crypto crash in '22 (thanks a fucking lot Powell, Gensler, Yellen, Zelenskyy and faggot whales)
> Lost all of my friends from grade school and college to them getting married and having kids (I wouldn't mind this so much if making friends in your 30's wasn't so damn impossible)
> Already had a mortgage but I sold that house because my job went haywire and I left it, plus the costs of maintaining the house were a nightmare. I'm nowhere close to being able to afford even a cheap house with cash.

It's so fucking over bros. I'm not suicidal, but fuck the depression hurts so bad sometimes.

I'm so fucking pissed at biz for hiding this from me back before the megapump, and instead shilling absolute garbage like LINK & AVAX endlessly. Of course all of you talk about it now when it already pumped. Fuck you all, seriously.

These financial institutions are dirty AF, but why is everyone so surprised at this news? They basically exposed their true selves and their secret sauce on how they became so successful:
> They stole a technological innovation from an aspie(s) who were too dimwitted to patent their innovations, and they ran away with the stolen ideas using their deviously genius marketing skills to make themselves billionaires. Meanwhile, the aspies get left behind with empty bags.

Always remember, for one to make money, another must lose money. It's the ultimate blackpill of finance, and now it's right in front of the whole world to see.

The window already closed, sorry (this is coming from a former coder). Back when I graduated in '15, the market was already oversaturated with H1B's but I managed to find a job about 7 months after graduating.

Now of days, in this economy most especially? Just forget it. Oh, I haven't even mentioned that everyone and their dog in college is majoring in CS. My nephew who's attending Georgia Tech told me so - the vast vast vast majority of kids in his class are all majoring in CS.

You can thank YouTube and tiktok for telling everybody that they can weasle their way into a $300k job out of college if "they just learn to code bro". Social media is one hell of a powerful destructive, contagious drug. It'll continue to get worse as time goes on, too.

I've never seen the volume in the space be THIS bad before. Just take a quick look at CMC and you'll see. It's quite a rare sight to see bitcoin have below $10b volume over the previous 24 hours.

I know it's the weekend, but I've noticed the trend of the volume throughout the whole space continue to dwindle a slow painful death. This might be it bros, it might be time for the credits to roll soon. Game over, we lost. Time to move on to the next retarded fad to lose money on.

I'm at a dead end career wise.

Long story short, I have a CS degree but I absolutely despise coding. Also, the alternative jobs for CS (tech sales, product management, solutions architect, networking, admin, etc.) are getting absolutely clobbered by the current recession with job cuts and depressed salaries, so yeah the current employment market sucks. I'm thinking about going for an accelerated MBA online so I can pass time on this horrible macro environment and come out prepared for good employment when things improve.

Should I just get certs and keep looking for work or go ahead and pursue the mba?

I'm currently working two full time jobs. My total comp is around 215k annual pre tax.

In April of next year, I'll have 108k in the bank (give or take). I plan to quit one of them at that time and dive into not being a poor fucking wage slave. My modest house is paid off and no debt outside of a 2.2% car loan. It's like 200 bucks a month.

What kind of business can I create? I have a strong tech background so that's the obvious choice. A more concise question would be, is SaaS a meme? Should I try MSP? What would /biz/ do if they were in my position?

In b4 shitcoins or crypto or "LOL COMPOUND INTEREST". If I wanted to do any of that I wouldn't be posting here.

When I'm comparing the macroes, stock market vs crypto, combined with crypto's volume over the past few months, do normies really see crypto as wack now or something?

I mean, fuck, the volume is so atrocious, and bitcoin has been quite anemic in comparison to stocks. Nvidia blasted past ATH's, Apple is already at that point. The index's as a whole are approaching ATH's in this "bullrun" (don't think we can it that honestly) while crypto has performed like absolute dogshit.

We won't ever 2021 levels of mania again, will we? Sigh.....

I seriously despise normies.

If that was a "bullrun" we just had over the past few weeks, then shit that was a fucking weak one.

Damn bitcoin is just unbelievably relentlessly dumping over the past few days. Is it the debt ceiling causing the fud this time? It couldn't be the inflation report which actually beat market expectations.

I'm fearing that "bullrun" we had over the last few weeks was officially the "next bullrun" everyone was waiting for and now it's all over because of newly fresh stupid American market fud.

There won't be the "next bullrun" for quite some time now.

Will be irrelevant even as soon as the next few years.

As we all know, the elites (aka the whales) have an overwhelming amount of crypto to allow them to manipulate the markets at will and decide which narratives will drive the price up and down. Furthermore, we're seeing that the number of nodes on any project doesn't matter anymore, since the majority of those nodes can belong to only a select few elite/ultrarich entities, aka centralization.

Your crypto WILL be centralized, you WILL own nothing, and you WILL be happy, whether you like it or not.

As soon as the financial institutions got their extremely filthy nasty hands on crypto, it's been game over for us since. The elites will never allow "decentralization" to be a thing, as they'll always find ways to centralize and hold power over us anyways.

Please convince me that it's not.

Every time I go to r/cryptocurrency out of curiosity and browse the daily thread, it's full of cringe jokes and people speaking rather gleefully about the price dipping. As soon as there's a general upswing in the markets, everyone goes, "better not fomo in! everyone is a genius in a bull market hmph!" I swear it's exactly the same lingo that the bobo cunts here use.

Again, convince me otherwise that the bobos come from somewhere else besides reddit. After all, 4chan has been invaded by reddit over the past couple years since crypto became mainstream.

Crypto is sinking into oblivion, and any online entrepreneurial path (amazon fba, ebay, etsy, affiliate marketing, youtube, marketing agencies, etc.) are far too saturated for anyone to make money off of those now.

It's making me seethe that the boomers are continuing to have their way and get lucky, while millennials and gen z are so unbelievably fucked, it's unfathomable. Only a select lucky few who got some type of lucky inheritance or lucky with gambling is able to be rich in gen y and gen z.

I feel like crying my eyes out right now, I'm so angry and fucking depressed about our cruel, bleak, unfair world.

>>52346880
Not your keys, not your coins.

>>51684547
Pretty much insane, yes. Who could have believed that privacy will face this level of pressure despite the undeniable need for it in the space. I guess everyone is just fucking confused at this point

>>51067114
Both suck, but the cubicle is infinitely better than the hellscape that is the open office. It’s clear that it’s so higher ups can see their wagies. The fact so many cucked down to go back to the office is all you need to know to know the game is literally over. God have mercy.

>>51020633
Boring, yet so many people get scammed on it. I am sure it would have been worse if not for wallet solutions and emerging protocols enhancing security and users' control over their identities

>>50874279
The order of every day

>>50568050
It's a direct. Chances for hacks is high when wallets can be easily tracked on-chain without any form of restrictions

is accounting a good job for a robot with high social inhibition and social anxiety?

>>50008324
Wonder how it makes sense to launder people using crypto when everything is fucking visible on the public blockchain ledger. Although, I can see folks maintaining private balances on railgun but the truth is that a whole lot of people don't even realize that any random person can jump on a block explorer and see all you've been doing with your funds. It's just sick

>Day x
>doge continues to shit the bed
>no signs of a comeback
>elon tweets did nothing
All we have left is a meme countdown...