/biz/ - Business & Finance

>I actually work on wall st

>>10245397
Where do you see cypto in the future

>>10245397
How much you have invested in silver

>>10245397
I panhandle on wall st too fren. You're in good company here

>>10245397
Don't break an arm jerking yourself off

>>10245397
Lenny, this is your boss.
You forgot to empty the street side trash cans again and now I catch you posting on an anonymous laotian bead swapping forum. Turn in your nametag at my office by tomorrow or you'll get the cost deducted from your final paycheck.
You're fired.

>>10245397
Being a teller at the Chase in Syosset does not a Wall Street pro make you.

>>10245419
not gone but insignificant

>>10245421
I own small amounts of physical commodities that I want to keep at ~3% of my assets, end of the world insurance

>>10245423
that's the job

>>10245397

If your not larping, do you think it's worth the money? Because the firms ask you to sacrifice your soul.

>>10246526
Analysts work ~80-90 hrs /week on average, which sounds like a lot on paper, but honestly it's not that bad. You make a lot at that level comparatively but the real $$$ comes from the fact that spending 3 years on wall st means you can go do pretty much anything you want, including top buy side spaces where equity upside is unlimited

>>10246622

Respect my dude. 85 hrs/week would burn me out too fast.

>>10245641
Underrated.

>we would have also accepted Pueblo Colorado

Do you like Huey Lewis and the News?

>>10247112
their early work was a little too new wave for my tastes

>>10247166
SHAME

Is institutional money actually coming into crypto?

>>10245677
well sorry you're a retard. All the people on wall street are going to get screwed when their financial system collapses under the weight of it's irresponsibility. Hope you own some real investments.

>>10245397
as a pleb, should i just shove all the money i can into index funds?

>>10247201
Why on earth would they? They own the current system, and control it. Why would they put their money and their clients money into system they don't control, has no regulations, and can lose 10% of it's value overnight?

C'mon. Institutional money didn't get to be institutional money by play a back alley craps game like crypto.

>>10247201
yes, albeit in tiny amounts. I know of a few crypto funds that still get attention, but the vast majority of institutional money related to this space comes in the form of VC $ to blockchain activities, not necessarily into cryptocurrencies.

>>10247212
don't know of any cryptocurrencies that can execute m&a deals or advise on reverse morris trusts but hey you could be right

>>10247273
I am not a private wealth advisor, but my advice when people ask this has always been: yes, do mostly passive investments, moving money around and trading a lot is a great way to underperform. That said, I think sectioning off ~15-20% of your personal investments as a sort of "playground" helps keep you more interested and excited about your finances, with the possibility of making money if it goes well and fairly little value at risk if it doesn't

>>10247212
I love cringey bitter predictions of doom like this. "Since I can't get my lambo from bitcoin, your system is going to DIE! Just wait and see! If I can't get free money, NOBODY CAN!"

LOL. So butthurt. So dumb. So fucking funny.

>>10245397
Is the money really worth it considering the cost of living in New York?

>>10245397
How did you get there?

>>10247390
see >>10246526
the marginal money made while young is fine, but the real value and reason for doing this is the experience and upward mobility.
plus NY is the best city in the world to be a yuppie in

>>10247394
networking man, calling/emailing/linkedin-ing anyone I could find, especially since I went to a state school in Oregon where no firms recruited

>>10247462
How important is it to have a compatible character, as in, are they looking for some kind of wallstreet personality or have I been brainwashed by Hollywood?

Also how are the chances as a mathematician?

>>10247350
>~15-20% of your personal investments as a sort of "playground" helps keep you more interested and excited about your finances
A. 15-20% is too much. 5-10% for discretionary, high-risk investing is a more reasonable recommendation.
B. Investing isn't supposed to be interesting or exciting. It's supposed to make you more wealth so you can go do interesting and exciting things. Higher-risk investing has its purposes, but entertainment value is not one of them.

>>10245397
how do you enjoy spending all of your income on living expenses while your parents support your hobby profession

>>10246622
The guys on Wall Street don't have 40 year plans to work there 80 hours a week. The plan is usually to do 10 years max, make a big pile of money, and then through connections go work elsewhere for big salaries, while sitting on a huge pile of investments, or working their way up in the company, or other companies. Wall Street will burn you out, if you're 50 and still working there in a job that requires 80 hours a week, you fucked up somehow.

Where I lived outside of NYC, it was full of guys transitioning out of that - buy a big house in the suburbs, pay it off quick, then they can relax a little later on and not worry about money as much.

10 years in Wall Street, especially as a trader at a big swinging dick firm, the bonuses alone will be enough to fund whatever the fuck you want to do for the rest of your life, if you don't blow it on hookers and blow.

It's like sports - the good players make 25 million a year in the big teams, and play 5-10 years, and retire. The smaller players grind out 50k a year in minor league teams across the country, for 30 years.

>>10245677
mane, u ain't no wall street dude, get yo ass outta mah image boards

>>10245397
One day Im gonna work in Wall Street.

>>10247337

I DISAGREE. I work on wall street too. and goldman sachs is getting involved. which firm do you work for just curious.

>>10247350
>>10247351
Bitcoin was created to destroy the baking system as we know it. Everyone, including the founders knows it's on its last legs. Prices continue to rise and wages continue to stagnate. Leverage is at an a ll time high, as more and more people are relying on credit for everything.
Not to mention interest rates are at an all time low, which is why everyone feels richer than they are. In reality, the fed is going to have to increase interest rates or else the dollar will collapse into hyperinflation. If they do raise interest rates, the US will not be able to pay off their ever expanding 21 trillion dollars in debt. It's a lose-lose scenario.

Mark my words, the dollar won't be the world reserve currency very very soon.

>>10247337

https://www.bitguru.co.uk/crypto-news/jp-morgan-hire-new-head-of-crypto-assets-strategy/

I so happen to work for this company. the guy they hired is in london. institutional money will be coming soon. quit larping fool.

>>10247574
those people certainly exist, but not as much as you may think. and while its a small community in the industry, for the most part people find others like themselves and just stick with them. with a math background you can go into more esoteric areas of finance, quant shit I know nothing about...

>>10247643
for sure, most people aren't lifers on the sell side

>>10247697
>>10247735
European bulge bracket in NY. yeah but like I said, the desks at jpm and GS are the exception

>>10247709
>the fed is going to have to increase interest rates or else the dollar will collapse into hyperinflation
Kek. I thought you were being serious until I read this. You overplayed your hand, anon. No one is actually dumb enough to believe this.

4/10. You accurately portrayed the role of an ignorant neckbeard, but you over-trolled in the end.

>>10247462
Henlo fellow Oregonian. From Portland too?

>>10245677
>not gone but insignificant
Why?

>>10247709
>Bitcoin was created to destroy the baking system as we know it.
LOL

I love how bitcoin is now a conspiracy theory level meme that's going to destroy the jews. You little faggots are fucking hilarious.

>>10247697
Never said I worked there.

>>10247735
Bitguru? LOL, get the fuck out of here with that bullshit.

>>10247889
>>10247905
Salem!
And the hype is over, general public is beginning to understand the actual everyday value of crypto (minimal) and it will continue its slow march toward the roles it can play well (not a contender against actual nation's money)

How big is your cock?

>>10248041
average

>>10247939

there's a coindesk article on it too retard. and i looked the guy on the company directory.

yup make believe.

kys

Gud, ws doesnt know bout my linkies
Watch my magic beans bring higher than you'll ever will be

>>10247831
>>10247913
I am actually very serious about this. They absolutely have to raise interest rates or the current credit bubble will continue to inflate until the point where the average American will no longer be able to afford a loaf of bread. History repeats itself. We are on the same debt ridden path that Weimar Republic was on after world war 1. Debt is only remains deceptive so long as the population can't see it's effects. We're starting to see the effects now with appreciating assets. Worthless indebted companies that have never made a profit are soaring in this stock market bubble, housing prices are going through the roof, hell even everyday household goods are starting to change prices more quickly. Soon we will devolve into the greatest economic depression in our lifetimes. As we have done with every fiat currency in the past, it is time we move on. Refresh the system. However, this time it is different. The days of sovereign currency are numbered. This time, our currency won't be replaced by fiat. It will be replaced with a Nationless, Currency run by open source software and consensus algorithms that has ensure the currency has a guaranteed scarcity. No more room for failure, or deception. If you don't believe me it doesn't matter. My system doesn't rely on faith or credit like your system. It relies on verification, and decentralization.

>>10247927

DID I ASK YOU IF YOU WORKED AT GOLDMAN??

learn to read you Wall Street Larp.

you make me laugh

>>10247939

http://www.businessinsider.com/jpmorgan-oliver-harris-crypto-strategy-fintech-career-advice-2018-4

https://www.linkedin.com/in/oliverjharris/

wall street larp faggot.

go kys.

>>10248128
fintech is such a cool space, one of my best friends does tech IB at CS and wants to move into fintech corporate side when he's out, lots of cool stuff happening

>>10248101
Inflation and interest rates are positively, not negatively, correlated you inbred halfwait.

How does it feel being too dumb for 4chan?

>>10247643

>The guys on Wall Street don't have 40 year plans to work there 80 hours a week

big kek.

I work with a senior financial advisor and she makes over 2 million a year and barely works 20 hours a week. and I barely work anything over 40. big kek.

i swear to god --> pOoGSlMG

who the fuck are you. you know nothing about the people that work on wall street. where do you get your facts. movies about wall street. you are dumb as they come.

keep dreaming you ever rolled with people like us.


you have zero knowledge about how big of a joke the treasury and federal reserve are with no reference value to the money the conintuously print out of thin air.. thats why the smart people got into bitcoin under 1000 dollars cuz we knew how fucked system is if the dollar loses it's status as the world reserve currency.

thats people invest their money in shit other than having it in an FDIC bank account

how do i get rich with a 100k? please op

>>10248296
haha this is funny. I laughed especially hard at the part where you said you owned crypto. never stop being hilarious, biz

>>10246622
>~80-90 hrs /week on average, which sounds like a lot on paper, but honestly it's not that bad
AHAHAHAHA keep coping,
>muh netowrking (dicksucking)
>muh future
>muh opportunities
Stopped reading right there, keep the wheel spinning little hamster!

>>10248317
c-can someone answer me?

LMAO you are retarded.

they are not positively correlated you brainlet

https://www.investopedia.com/ask/answers/12/inflation-interest-rate-relationship.asp

>>10248243

LMAO you are retarded.

they are not positively correlated you brainlet

https://www.investopedia.com/ask/answers/12/inflation-interest-rate-relationship.a

>>10248243
How does it feel knowing you could have googled four words to prevent yourself from looking like a retard?

>>10247709
>I've watched too many doom and gloom YouTube videos that I'm way in over my head. I'm subscribed to Peter Schiff, Mike Maloney, Gerald celente, Marc Faber, Jim Rogers and Max keiser. I am an adamant believer in hyperinflation of usd and collapse that I'm stocked up on silver, gold, food/water and weapons/ammo. I the small % who are smarter than anyone and figured it out

>>10248317

you buy some crypto or btc when everything bottoms out (right now it's like catching a falling knife)

risk to reward is substantially much lower than buying the pump.

dollar cost average in slowly.

on the next bull run when market prices are 9 or 10x the 300 day moving average of bitcoin or a crypto index and trading volume starts slowing down..

begin selling.

>>10248317
slowly.

>>10248047
Nice, me too!

>>10248380
would LOVE to hear what you do

>>10248515
he doesn't have a job

>>10248422
>>10248449
Think the previous lad was referring to the Fisher effect
https://www.investopedia.com/terms/f/fishereffect.asp

The truth is no one itt works on Wall street, no one itt has been behind an institutional trading desk

This is larp central

>>10245397
Barely anyone actually works on Wall Street anymore you fucking loser. Enjoy impressing retards

>>10248483
dude there will always be people who say the end is near.
in the mean time, everyone else gets rich.

>>10248497
saved thanks. so how do i know what the bottom is?

>>10248528
what do you do

>>10248521
I'm IBD, several friends in S&T across the street

>>10248573
Nice man I'm in originations at gs got a few buddies in m&a across the street at boa

>>10248541
>>10248483
No. People constantly get this confused. The end of the world isn't here. The end of the financial system is. Just how the Germans survived their economic collapse, we will too. Cryptocurrency is way more advanced than our current banking system. After some hardship, It will replace it, and send us into another 100+ years of economic prosperity. Just like when the dollar become the world reserve currency, or when it was the British pound. A new era is coming.

>>10248613
our banking system will become digital currencies, not be replaced by it.

>>10248613
>A new era is coming.
And he thinks it crypto AHAHAHHAHAHAHAHAH

listen m8, cute ramble but no. If there is a collapse, the proposed solution may include proponents of distributed ledger software/blockchain technology, but in no way will it involve any of your coins or "cryptocoins" as you know it. save yourself the future embarrassment and google Project ubin phase 2 and R3 Corda

>>10248605
if you're for real, how do you like origination? I'm in levfin and always thought private debt or origination would be interesting exits

>>10248709
Yeah just sales support for originations so we pitch our new issues to the buy side usually over phone and email sometimes we hit up places in person, call them "marketing road shows" and hand out prospectuses and shill em why this next IPO is like gettin in on Microsoft in 86

>>10248646
>>10248659
Wrong. Pandora's box has been opened. The fact of the matter is, nations are already starting to compete over controlling bitcoin, and they are fearful that they will not be able to acquire enough. 80% of all bitcoins have been mined. If a country wants to get in the game, they are going to be competing for the remaining 20%. Bitcoin will unironically be the base layer to the new global banking system. They know it and they are fearful. They may try to make their own system, but it will fail especially if they try to pull inflationary theft shenanigans like they are doing with the dollar. Doesn't matter if they digitize it. The system will still be backed by worthless debt and government authority. I'm sorry to burst your bubble, but a banking system based on pieces of paper, debt, or government authority isn't valuable anymore now that there is a new system which everyone has access to.

> Cryptocurrency is way more advanced than our current banking system
HAHAHAHAHA

>>10248743
do you not know how fucking insane you sound or do you revel in it?

>>10245397
didn't know they had fast food on Wall St

>>10248743
This is literal lunacy. You're deluded beyond belief, and don't worry time will tell. I hope it's just a larp, but you need to study economics more. There is no way anyone in the right mind would use an asset with a fixed supply as a currency. This hasn't worked since mettalic standard, this could have worked maybe 50 years ago but now the population is too large and growing fast, the interconnectedness of global commerce would grind to a halt with a fixed supply like that. Tell me where the consumption would come from? Nominal prices will always be falling, because of more market entrants (people being born, the pop is growing) are creating demand for the currency. If the currency supply is static, and more and more people come in needing said currency, the relative price of the currency will keep growing and we will see this materialize as deflation. Prices falling. Now tell me who will buy a car today I your economy with 2 btc today we if they just wait a bit longer, that same car will only be 1btc tmrw. Same purchasing power parity, this is why you are nonsense. Modern economy cannot function without a slightly inflationary currency, there would be no insentive to consume, only to save. Check out the lost decades of Japan, that's what a deflationary currency does to an economy long term. I was in your phase a few years ago, don't worry you'll grow out of it soon

>>10248743
>Pandora's box has been opened

>>10248817
>t. Shlomo Shekelstein
I'm sure a situation in which people get 2% of their wealth stolen and can't afford housing or are forced to buy stupid materialistic depreciating shit from kikes every year is very healthy and (((boosts up the economy)))
I'm sure people won't eventually wake up to this scam, it will pop sooner than you think

>>10248857
give it 20 years

the US is already dead, it will take 20 years for reality to finally catch up with these idiots

>>10248857
I'm sure you're too dumb to realise 2% inflation can be beaten in real terms
>doesn't realise 1 yr T bills (risk free) are yielding 2.3%

There go lad if you had the slightest gray matter In your skull you could figure it out. That will keep the real value of your wealth flat, par with inflation, you will lose no purchase power
>doesn't realise low risk instruments offer annual ror higher than inflation
>doesn't realise just buying market indicies beat inflation big time yoy on the long term

M8, just because you're too stupid to understand, doesn't mean the entire economy should switch a completly inefficient system to accommodate for your lack of knowledge

>>10248917
>he drank the koolaid

>>10248917
the funniest part is when you tell cryptards why it isnt user friendly (type in a wrong address and your money is gone forever), they get extremely defensive and tell you that "dumbasses need to adapt". Its ironic coming from idiots who think 2% is the end of the world. I understand why some people can be poor their entire lives and sometimes it is deserved. Bitcoin is good for nothing other than riding the speculative bubble that happens each halvening.

>>10245397
when options market
when ETF
when ethereum futures
when financial journals bullish

>>10247978
>thanks just bought a 100k
good blog post lonely faggot OP

>>10248917
you're the fucking retard, shove your "low risk" investments up your ass.
I'm doing better than you think, but average joe shouldn't have to wonder what to do with his money after coming back from work or researching how to beat inflation in order to not get robbed.

>b-but hurr durr who will buy muh fidget spinners if their money doesn't literally disappear in their wallets?
>b-but what about muh consumerism
Very fucking good, all the scams and useless trash would get quickly wiped out from the earth surface by the free market if people weren't forced to get rid of their money.

Your example with a car is so retarded I won't even comment it, because you probably think people wouldn't eat or buy real estate/clothes/medical services either right?

>>10248945
2% is the "safe" scenario you retard, have fun when your ponzi collapses for good

>>10248978
>have fun when your ponzi collapses for good

ooooo this is juicy.
>but average joe shouldn't have to wonder what to do with his money after coming back from work or researching how to beat inflation in order to not get robbed


LOL it literally takes 30 minutes HAHAHAHHA. Imagine being so dumb and lazy that you think having to make smart investments to make money is immoral. Jesus christ what a fucking idiot

>>10249009
it's usury

and he's right, your ponzi scheme is going to collapse

>>10249009
it's no rocket science to beat inflation but it's always a barrier to make sure majority of people are either gonna watch their wealth disappear or keep wasting it for a new iphone from mr Shlomo or other useless trash.

>>10249019
if "lending money" is a ponzi scheme I have no idea what the hell crypto is LMAO
thanks for hijacking the thread fuckheads

>>10249029
>keep wasting it for a new iphone from mr Shlomo or other useless trash.
and that's nobodies fault but their own, idiot.

>>10249044
>whataboutism

>>10249048
in your fantasy world they should rather keep throwing money their whole lives into those "low risk investments" until 1 day they will wake up to the news that the entire ponzi went belly up and "sorry mr Smith, money is gone, have fun wagecucking until 90"
you're either a retard or a fucking kike

>>10248817
I respectfully disagree. I think you need to study more economics. Not Keynesian economics. Austrian Economics. A fixed/deflationary currency is a good thing. It prevents over consumption, and forces you to save your currency rather than spend it on unnecessary purchases.
>Now tell me who will buy a car today I your economy with 2 btc today we if they just wait a bit longer, that same car will only be 1btc tmrw
Someone who absolutely needs a car and cannot wait another day. If it is necessary the individual will make the purchase. A vehicle is really an elastic good anyways. It is not needed.
Something such as medicine or food, which is inelastic will be purchased because if it isn't, the person saving their money will die.
I know you're going to tell me this is bad, but it really isn't. In reality it is a much better system than the current one. Comparatively under this inflationary system, the dollar has lost 95% of its value since we have left the gold standard. This has created a wealth inequality between the owners of capital and the workers. The average American lives paycheck to paycheck, which is no better than being cattle on a farm living meal to meal. Most Americans are forced to rely on credit and debt just to finance their existence as a human being. The owners of their debt are essentially the owners of them. They can manipulate them by threatening to confiscate any asset they own if they do not pay their fees for existing. They owners of debt are the slave owners. The indebted are the slaves. It's about time we broke free from our masters. And we have by inventing bitcoin. Bitcoin is economic freedom. It is money that cannot be confiscated. It is money that cannot be taxed. It is money that is mine and mine alone guaranteed by the laws of mathematics. It will replace usury with fiscal responsibility.

What are your thoughts on socialism/central planing?

>>10248978
I think I've argued with you on this board months back about the same topic, lmao man that's a worse argument than anything "people need food so they'll just buy cause they need it even though the currency is deflationary"
Yes they will, on necessities and other things they can't resist, but it sucks.
I'm telling you unless they're wealthy, living in that economy sucks, as month over month prices keep falling for all the shit you need. Everytime you buy food at the counter youll sigh at the bull because you know youll be able buy all this shit way cheaper down the road. It's no way to live, and you want a world without innovation and profit motive? You may not like things that people capitalize on, but even if they no longer have the ability to do so, humans are still greedy. They will find ways to accumulate wealth, on whatever relative terms. So maybe in your economy they find things to do that aren't fidget spinners, maybe you don't like those things less or more than fidget spinners. It's cherry picking man, you sound like that pol tard who's salty at life, man just because we live in a time of this consumption/consumerist economy thats resulted in so much degeneracy, and I guess you attribute it to people making money to "snag the consumers" to make them "sheep" in this world of consumption and planned obsolescence, you may be salty about it, but it's hell of alot better than anything over all, and if you were on the other side, in the shoes of some people who thrive in this system, you'd like it too and be more against people with the viewpoints such as your own

>>10249078
dumb people like yourself deserve to be poor. The worst are idiots who think it's the systems fault that they are utterly retarded. I cant imagine being so entitled to think that a comfortable living should be handed to me on a silver platter.

>>10249107
LOL RT

sometimes I forget that poor people are usually poor for a fucking reason

>>10248317
You'd be shocked how comfy things can be if you stop caring about making mad gains. I took a 30K account down to 21K trying to find moonshots. Then I got smart and decided to go into good bet tech stocks. I hit one lucky move on BOXL then hit into AMD from 15-17 then IQ from 29-34 then from 31-35 now I am up to 34K.

Find stocks with good growth potential and that can make money moves. Then trade their big moves sell close to the top, wait for the correction come back on your other pick.

Like say your mix is SFIX, IQ, AMD, MSFT. Check any of these for a dip and buy it. Ride enough of these even after losses and taxes can easily make 35000 playing these names or whatever else you find that makes nice moves.

Try to keep away from the temptation to do 2 dollar biotech stocks and shit unless you are fine with just picking up 1000 shares and keeping risks low.

Keep losses low and ride up big gains, its hard to do.

>>10249100
No one says the currency has to go up 100% a year, but yes, I think a slight deflation or neutral would be way better than the ratrace most people have to live nowadays.
basicly I agree with >>10249083

>>10249107
>>10249132
>I don't like what he says so he must be poor, probably lives with parents too haha!
I'm probably better off than you, but I can put myself in the shoes of an average citizen and people are getting robbed on a daily basis. If preventing inflation was SO obvious and SO easy for everyone then why have inflation in the first place? bingo, because it's hard ENOUGH to keep majority of the population spinning the hamster wheel.
Have fun drinking the koolaid thinking you're smart because you got your shitty degree from a kike University
pic rel is you

>>10249083
>Austrian economics
>2018
Theoretically good but not practical application to our economy in 2018 its complexities and interconnectedness basically makes most austrian school principles obsolete. I'm not saying that income disparity has become worse and those are some factors but they also dumbed down the public and they just think finance is too complex when it really isn't. You can stay the cards are stacked against the average Joe but it not too hard to see thru it, i guess I feel bad that they don't

>>10249179
so you're either a poor person larping as well off or some who got lucky and thinks everyone else deserves to be as lucky. Got it. Commies like you disgust me

>>10249284
it's not about communism. I don't give a fuck if people are equal or not. It's about absolutism. The modern economy is based around deception and lies. We want an objective measurement of wealth (purchasing power) that isn't falsely manipulated by the federal reserve.

>>10248978

unironically calls current system a ponzi scheme while defending a ponzi scheme

a deflationary system would send us straight back to the middle ages when usury was illegal. have fun living in a the 1200s

crypto has its place, and it could be the right answer to some of our problems (overconsumption is one of them), but i don't believe it will truly make the world a better place in every regard. instead it would replace some of the negatives we have now with other negatives.

When is the next stock market crash?

>>10249330
> I don't give a fuck if people are equal or not

So why do you care if someone is too stupid to make it? You're a hypocrite, like all commies are wether you know it or not. You're the only kike here

>>10249281
basically what I said here >>10249330
Some people are dumb and will remain poor. That's fine. It isn't about making everyone equal, it's about making our currency an objective measurement of wealth, so that wealth cannot be stolen from them without their knowledge.

>>10249362
because it's theft. They EARNED their wage by creating their product, or working for someone else. Their wealth should not be taken from them without their consent.

>>10249387
It isnt idiot. You even admitted they want to buy the newest kikephone X etc. Nobody makes them do that. They are weak minded and didnt earn success. You're one of them arent you?

>>10249404
Purchasing power is being stolen from them via Inflation and Taxation. Inflation causes their earnings to be worth less overtime. And taxes are obviously direct theft by the state.

>>10249431
Who caused inflation? Oh yeah the idiots who cant live within their means or dont bother to take care of their finances. God why are you such a retard apologist?

>>10245404
Top kek, underrated

>>10249456
What the fuck are you talking about retard? Living within your means has nothing to do with the currency supply. In fact, no citizen has control over the currency supply. The federal reserve is the only entity which issues new currency into existence. The federal reserve is responsible for inflation. People's purchasing power, which is stolen from them are merely the symptom of an nonobjective measurement of wealth.

>>10249506
THE FED DOESNT PRINT MONEY FOR NO REASON RETARD. it's because people want to spend spend spend. Why cant you get it through your thick fucking head. You think they inflate currency for the sake of it? Jesus

>>10245677
LARP detected. All young wallstreet guys are crypto bulls.

>>10249521

>people

You mean governments?

>>10249521
they print it to steal wealth from the citizens.
I personally believe theft is immoral, but it seems to me you don't think so because
>muh dumb poor people deserve to be poor cause they're not smart like me
It doesn't matter if they're poor. If they actually work and accumulate capital, they should be able to save that capital for when they actually need/want to use it.

I just don't get why you support theft. The system that I support (bitcoin) will be an objective measurement of wealth that does not have infinite inflation like the dollar. It is an accurate measurement in which anyone, poor or rich can store their wealth and be protected from theft.

>>10248323

is it hard for your to believe people in wall street hold crypto.

go kys. you stereo typical faggot

>>10248543

it's hard to tell where the bottom is. the last time btc pumped like this it did an 80% correction

maybe low 5k or 4500 somewhere abouts.

some people here will are in denial that some people on wall street like myself believe in this emerging asset class.

they'll automatically put us in this stereo typical loosely fitted category that anti-crypto. when that isn't the case at all.

Tom Lee used was previously our chief equity strategist and i agree with his stance on crypto and bitcoin

We also have a new product developement department solely emphasized on crypto.

last year Amber Baldet had multiple conference calls on on blockchain technology.

so all the morons saying us wall street guys aren't into cryto. GUESS AGAIN

>>10249601
Inflation is the underlying carrot on a stick incentivizing people to invest their capital in productive enterprise, retard. Without it people would hoard cash, no one would invest, lending and borrowing would dry up and our economies would die

>>10249689
Good. People would only purchase things they actually needed and lenders would be held accountable for over leveraging.

>>>10249601
> can store their wealth and be protected from theft.


We already have that for non retards. Sorry you are one. Better luck next time in the genetic lottery I guess

>>10249709
>Good. No companies will exist so people cant buy things
>but wait there will be no jobs either
>people can no longer aquire BTC
>its the fucking kikes !!!!!

God damn you are stupid

>>10249689
WRONG, People will ALWAYS be incentivized to invest if they belive reward > risk.

People don’t need a matchstick to their savings to be forced to invest. You are a dumb animal swalloing the bankers narrative feeder in your cage.

>>10249689

you do have a point about deflationary currencies. there needs to be a balance inflation and deflation.

as long as a currency supply is in tandem with real gdp growth. in theory it should be an excellence currency.


government sanctioned currencies have become a scam by the individuals who control it. this is why bitcoin and crypto has caught the attention of so many people fed up with current monetary system.

ever since the US got off the gold standard the whole thing has been a fucking joke to as which country can print as much toilet paper as fast as possible. one day the rest of the world will realize the Federal reserve, the US treasury and entire rothschild western banking system has been cucking everyone so hard.

especially the american public who is seeing their country go down the toilet cause they've been wasted time watching much too football and drinking beer getting dumber by the day.

>>10249761
>more retard apologists.

The sad state biz. Smh

If you aren't bullshitting can you please help me with what to focus on when preparing for technical questions for an Investment Banking internship-Mainly M&A, but anything works.

https://www.youtube.com/watch?v=RlUltAPAZqk

america needs to wake up. you guys been getting cucked soo fucking hard!

then they blame it on immigrants coming in while you have a central bank robbing you blind.

lolz.

>>10249710
Well now we have bitcoin where "retards" such as myself can keep our money secure along with financially affluent "non-retards". But I get where your're coming from. Must be frustrating having the goyim question the legitimacy of your financial system. Must suck that things are going to change and you wont be able to enslave people anymore with your debt and inflation scams.

>>10249733
read this anons post >>10249746

>>10245397
>Right.

>>10249832
>Well now we have bitcoin where "retards" such as myself can keep our money secure along with financially affluent "non-retards".


now you're getting it. Parking your money in bitcoin is ok. Thinking it will be the dominant currency is retarded.


>read this anons post

Hes a retard as well. The reward will never outweigh the risk. The risk becomes even bigger when you can no longer regain that lost BTC. A deflationary currency would cause an even worse state and the financial cabal at the top would have even MORE control over the common mans finance since they hoard it all. Nobody will free themselves from financial independence. That is true slavery

>>10249867
financial dependence *

>Be Bitfinex
>Washtrade Volume
>Get leading position
>Sell BTC
>Liquidate longs
>Buy BTC
>Liquidate shorts
>ctrl c/v
>normies learn to short
>wait
>wait
>wait
>Rebuy a lot of BTC
>Trigger a bull run
>Sell again

>>10249867
it will be the dominant currency. It is more inclusive than the current banking system today, because literally anyone can generate a wallet. Nobody can stop it. Bitcoin will eventually dominate the globe. Mark my words.

>>10249935

>Mark my words


no thanks retard. You're too stupid to see that bitcoin does nothing useful other than get more expensive. That's a bonafide ponzi, but hey keep accumulating lmao. I just hope youre smart enough to sell in 2020 when the halvening occurs and theres another bull run just because of "scarcity". It wont last forever because as I said BTC does NOTHING new apart from the fact you need a computer to unlock your own money.

>>10249867
>risk will always outweigh reward.

And you go around calling people retards.

>>10250012
>things gaining value are bonafide ponzi’s
>bitcoin does nothing revolutionary

You aswell, just intelligent enough to suck air in your lungs.

>>10250054
>he thinks hes discovered something nobody else has


I was also a child once.

>>10250067
No, its unobjective fact that bitcoin is a breakthrough in cryptography.

>>10250090
not talking about that idiot. Talking about bitcoin as a currency or store of wealth which, as I said, does nothing new.

>>10250108
Yea, sending billions of dollars anywhere in the world in 10 minutes is also a breakthrough because of that cryptography. So, once again you are wrong.

>>10250132
>like talking to a wall

Goodnight

>>10248743
So I need to buy some btc no matter what, because no matter what happens it'll still be valuable?

>>10249132
What do you think of Wealthfront (or robo-advisors in general)? I work in AdTech but one of my buddies recently went to Wealthfront. I have an account there that has performed decently well with little input on my end, sans setting my risk level.

>>10250160
Never once an argument from you, just a lot of rhetoric.

Have a great nights reat

>>10250180
What do you mean? I've been arguing this entire thread just my IDs have changed because in switching between wifi and cellular

>>10250204
I'm on the move because...y know.... I have a job

>>10250168
>Robo advisors vs Financial advisors

robo advisors will ask you the same risk tolerance questionnaire a normal advisor would to gauge your risk tolerence and construct a portfolio based on that level of risk you are willing to accept coupled with your liquidity needs and long term goals.

however its a given fact that higher net worth individuals would rather deal with a real human beings on such matters when the state of their financial affairs become more complex

press "1" if you would like to access our automated system

press "2" if you would like to speak with a customer service representative

I’m just gonna leave this here for all you Keynesian faggots

>>10250527
https://fee.org/articles/consumerism-is-keynesianism/