/biz/ - Business & Finance

>he fell for the crypto meme
Well look on the bright side, you're hardly the first to get scammed out of your money trying to get rich quick speculating on something completely worthless. And at least it was just your money you lost instead of getting your entire family to invest their life savings because you had a foolproof plan to help them.

Now dig that ditch boy.

>>23144732
Here's an OG. Imagine doing this because you'd rather be dead than broke.

You guys know that this shit is a cash grab right?

Most of these effects are probably placebo and the studies that have shown the efficacy of the popular nootropics only suggest that they marginally help the old (i.e. BRAINLETS) restore cognitive function.

>>8323453
she didn't kill herself

What would you do if there was a crash and you were ruined?

>>3083958
>stock market just keeps going up and up and up
>damn I really want to get in on this but I don't have much money
>takes out loan to be able to buy more stock
>stocks tank which causes the lenders to issue a margin call (basically meaning the borrowers either have to put up more money to cover the losses or the lender will take the shares to cover their debt)
>everyone goes to the bank to take out their money at the same time
>banks operate by only keeping a small amount of money in the vault to cover people's withdrawals and they use the rest for giving people loans and making investments
>banks are reeling from stock market crash so don't have the cash on hand to deal with the huge number of people trying to get their money out of the bank to prevent their stocks from being liquidiated
>lots of banks start going out of business, anyone who had money in that bank just lost it all
>because people just lost their savings and many lost their jobs they can't afford to keep paying their mortgages and got foreclosed on
>some decide to do pic related

btw to answer your question in the OP if you own a stock/crypto you only suffer a loss when you sell it and take money out of the market, if you don't sell it you can hold it as long as you want in the hopes that its price will one day rebound. If you held onto your stocks through the 1929 crash they eventually would have surpassed their pre-crash value, although it took a long time. And if a company goes out of business its stock will drop to 0 and become worthless, so that's always a possibility.

>>3035139
Pic related:What happens when you go high leverage in a bubble

>>3030246
If you haven't realised yet,the crypto market is today is very similar to NYSE pre FDIC(Black friday&great depression)
High leverage,unregulated pump and dumps and crazy bull runs day after day.

I'm not trying to FUD and ask you to sell,but consider this a warning from a historian.
ETH going to the cents in June was a sign,but GDAX refunded the margin traders and no lesson was learnt.

>>3029298
the stock market had an unprecedented bull run throughout the 20s, and since everything was just exploding day after day lots of individual investors borrowed heavily to buy on margin. When the market tanked so many people went to the bank to take out their money to cover the losses that the banks ran out of cash and that coupled with many having massive losses of their own in the market caused a number of banks to shut down. Anyone who had their money in those banks lost everything (although some were later able to get pennies on the dollar after a lengthy legal process). Today the FDIC exists to insure bank accounts in case something like that happens again.

As it became clear in late 1929-early 1930 that this was not going to turn around and people started being foreclosed upon suicides became quite common.