/biz/ - Business & Finance

>>16275116
Ok boomer

kys jewish boomer
day of the rope soon

>>16275154
>>16275173
Name one person who became a millionaire out of crypto besides Sergay and Craig Wright or w/e their names were

>>16275116
Too cryptic what's the point and ty for sharing

>>16275116
boomer what do you think about DMME?

>>16275191
Andrew something. I don't know his last name. He was a friend of a friend.

>>16275116
>>16275191
>the secret to making money is being a wage slave for 10 years living like a peasant without a family or children so that one day you may have enough to retire by the time your 50

Wow great advice for the lemmings

>>16275116
Thanks for advice. Just wondering if you're worth 7 figures and if yes why you browsing this board if you could spend time doing nice things? travelling, learn other languages, learn to play instruments, ride bike, do some skydive...

I think that this board is only browsed by people who "didn't make it" yet... I won't fucking come back to this board when " I make it"...

>>16275397
>thinks they will "make it" by lurking /biz/
>won't "come back"
First will never happen, secondly, you will be here forever you sad cuck - and you'll be crying over threads of people who unironically "made it" by being real anons and not faggot lurkers like you.

>>16275436
>I say "thank you" he calls me a faggot
Not interested in "making it" thanks to crypto - it's just an 10% investment. The way you're responding says a lot about you but not the good things anon... Expect some karma soon. Good luck.

>>16275386
You will never make it working. You need a scalable source of income.

Let's say you get paid $10/hr. Maybe you get paid $30/hr, maybe you even get paid $100/hr. At the end of the day you can't grow. Sure you'll be living comfortably with maybe 1000$ a day from $100/hr, but you can not earn more than that.

The difference between people who "made it" and people who haven't is people who made it can scale their income, they can grow their source of income or can create a new one without having to trade time for it.

Just like Warren Buffet said, time is your greatest asset, if you trade it for a fixed amount of income, you deserve to be poor.

>>16275436
>are you worth 7 digits
Not far from it. I will be next year, which is a great achievement I'd say, taking into account I grew up in a single parent household, my dad (who raised me) was a failed hustler, he worked construction most of his life and tried a ton of small businesses on the side, he always told me that if I want to be successful I need to go to college and get a high paying job, now I get to rub it in his face at least.

As for why am I not doing something "interesting". I hate traveling and even more I hate spending money if I'm not making money. Right now I'm just watching some documentary and wanted to see how /biz/ is doing since I grew up illegally lurking /b/ ever since I was 13. /Biz/ became my main board where I learned how to save money and how to detect scams, making money I learnt from talking to businessmen in real life, this board has definitely not helped me "make it", it just sparked the interest in money for me. But it's changed a lot, back in 2016 nobody wanted to hear about bitcoin.

>>16275593
>>16275397

>>16275528
My kaARmIc rEsoNaNCe is so fugeged oh noooo
>10% in crypto
hahahahahha HA HA HA

HA AHAHHAH A
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HA H
A HAH
A . HH


HHAH
A
HDHA .


AHHHHHHH

ok boomer

We are infested with redditors who simply cant fucking believe many in this board have made millions while they held nano and ripple bags. Kek

>>16275602
Glad to hear that. Happy for you. A road to 7 figure is still a head of me but I know it's "achievable". At the moment trying to lift my business idea of the ground and I still work "9-5". In 9 months I will be ready to quit 9-5 and do my business full time. Although 7 figure is my goal I won't be disappointed if I won't reach it. Freedom is my main goal now.
>Hate spending money if not making money
I'm sorry for asking but what's the point of just keeping money? Being alive doesn't equal living.

>>16275593
>Warren Buffet
Someone needs to develop a chrome extension AI that can determine if a post is clearly written by boomer and filter it.

>>16275116
finally good advice on /biz/.

apple stock will go up forever.
bitcoin will hit $0 eventually. you can try and hope there's another huge bullrun (there won't be), but with apple everyone is guaranteed to win. with bitcoin most people are guaranteed to lose in the end.

>>16275116
this a lot of people are fake rich and have to move to poorer countries to "make it"

>>16275593
>Warren buffet
Gr8 b8

>>16275116
Have sex.

>>16275654
Competition, freedom and a little bit of hoarding disorder. Plus, if you flash around your expensive cars and luxury jewels or w/e, it's a lot harder to make friends but much easier to make enemies. Imagine some millionaire who shares your lifestyle compared to someone entitled prick who believes 10k a month is survival money.

I learned that from some really weird but very smart man. He has to be worth 8 digits at least but drives a car worth less than $1000 and sometimes wears clothes he bought 20 years ago that have holes in them.

I agree with his point of view but he definitely takes it to the extreme.

>>16275116
Do you know how I could find a business partner that would be willing to live with me? Nobody I know is willing to take a leap to change their lives. They are content to do the same shit over and over every day. Is there any service where I could give them criteria and they would connect me with people?

This is something I don't get. Being worth 8 digits and still wear clothes with holes. So what't the point of having 8 digits in your bank account if you can live of $1.5mil ($2000 a month for 60 years).
I'm not into showing off, I wouldn't spend $100 for a designer t-shirt if I can buy the same material t-shirt for $15 but I would not wear a t-shirt with a hole in it. Feels wrong even for me when I don't care what others think and say.

>>16275116
This is written like a zoomer LARPing as a boomer
> double and triple your real estate investment relatively quick

You’re retarded

>>16275814
That's like looking for people with a certain blood time to be honest. It all looks the same to the naked eye.

Very hard to tell. Most people used to tell you they're also interested in business but what they actually meant is they're interested in easy money, expensive cars and the company of easy women.

It's probably safer to do things on your own.

>>16275856
>>16275897

>>16275856
When you see designer clothes as being no different from clothes with holes in them, that's when you know you've made it.

>>16275878
Let's say you're looking around for a house to buy. You see a house priced at $100k but you think the house is worth $115k. You go to the bank, make a $20k down payment and borrow the other $80k. Sell the house for $115k, that's almost double your initial $20k investment. Real estate just depends on how lucky you are, you can often double your money if the bank is willing to borrow you, but if you buy the house with all the cash down, you're not going to get much more than 20%.

My point was that even if your funds are low, if you're knowledgeable on the price of houses in your area or similar areas, you can make a quick buck even with low funds thanks to bank loans.

>>16275923
I don't need a lambo to know that I've made it but I need to know that I can get a lambo if I want to. I agree with you that people showing off attracting bad peoples, scammers, thieves. If you need impress others you have never made it...

>>16275116
>I've seen countless of people in 2015-2016 here who lost everything to crypto.
They should have just bought BTC those dumbfucks

>>16275116
Welcome to Dunning-Kreuger, the board

>>16275116

>>16275116
I miss the old /biz/ stock advice, salary negotiations, resume advice, vanguard portfolios and career advice.

This crypto garbage seriously has to stop. People are getting hurt. Not only that but literally 99.99% of this shit is a scam and a huge bubble waiting to burst. Just look at the recent bitcoin crash down to 9000 case in point.

I'm currently in uni finishing up my studies to become an accountant. I want to know ways to make it in the corporate world. I want to have meaningful conversations like how to negotiate salary raises with your bosses.

I know this might come to a shock to alot of you guys but someone has to say it. Cryptocurrency is just a massive speculation with absolutely 0 fucking value to this world.you can not right now name one single crypto that brings real value to this world and helps improve it.

This is a speculators game. And who ever is the first to sell off will win. You guys are in a fucking ticking time bomb waiting to explode and you don't even realize it.

Besides women want men with stable careers and goals. Not a bunch of Internet funny money degenerate gamblers. Good luck starting a family with any woman and telling her you traded Internet meme coins. Seriously guys wake the fuck up.

If any of you had any sense at all you would sell 100% of your cryptos and invest in Amazon / real estate. Something that will never go away and always rise in value.

I hope we can go back to the old ways of biz. I want to know some good stocks I can expect to put my yearly bonuses into. Not this crypto trash vaporware scam garbage.

>>16276015
This is a chart 2014-2016 on BTC price.

Imagine people spending life savings $100k at $800 each, the next few weeks they have $120k. Easiest money they ever made, price starts going down $110k "it's just a minor setback, i trust bitcoin" $100k "well i didn't lose anything, no worries, it's going up" $90k "that's a year worth of wagery, ill make it back, btc will go back" and they panic sell at $50k.

Wife comes home and finds life savings pretty much gone. Takes her 50k, takes the kids, you're finished. There are people who are dead thanks to bitcoin. Go ahead and buy some.

>>16276059
Accounting is a good skill, but it won't make you rich and investing in stocks and shit won't make you a ton of money quickly. Become an entrepreneur to make the big bucks, then spread your wealth over different areas to grow it safely

>>16276059
>>16275116
Keynesian bullshit is about 2 blow up in their face that they still on ANIME FORUMS to INCELS encouraging them to "hop back in!" An economy that offers them such exciting features as ENDLESS WAGEKEKING, EXTREME HYPERGAMY (beyond what we see even in nature), and 7 YEAR OLD CHILDREN dressed as WOMEN to be as fuckable as possible to FAGGOTS and Converse pays for alllll that little boys makeup to sell shoes

Never forget that you will NEVER find a better investment than Bitcoin, Ethereum, Chainlink, and ??? Whatever is next? There are no gatekeepers. I am free. Go buy your faggot matchstick house and enjiy not having as much money as me you FEEBLE, morally decrepit CIA shill.

The digital economy is the pale horse on the horizon black swan event NOW

>>16276069
Okay but then expand the chart to 2019... :/

>>16276059
>bubbles are about to collapse
>invest in Amazon
>fudding the largest emergent industry since video games
>fudding immutable data structures right as machine learning is about to replace just about every function in the world
>fudding the social utility of "yeah i don't really care i made this money on meme coins" in a degenerate society where the dominant music of the billboard top 100 is about fuckin hoes and flexing on authority

cool dude

by the way like every fucking employer worth working for does automatic 401k contributions from your pay cheque that you can increase with a simple request to HR. your era of complex retirement planning is long gone and in an economy this dynamic, active investing in a passion industry is not a bad idea at all. go eat a bag of dicks.

also, post resume

To add to the discussion, allow me to state some facts about crypto:

1- they got next to none practical use. Besides purchasing illegal goods on the internet, you can't buy anything useful with bitcoin (food, pay bills, buy a car, a house)
2-Coin holders are the biggest hypocrits. They say fiat and the banking systems are garbage, yet they closely follow BTC/USD value because deep down, they couldnt give half a fuck about cryptocurrencies. Their only motivations is to sell their useless bag to a greater fool.
3- BTC at 20k was a once in a lifetime event. It reached that amount because aunts, taxi drivers and normies fomo'd in. That was the first time they heard about crypto and they thought perhaps it could reach 30k, 50k, 100k. But it didn't. It barely touchex 20k and then it COLLAPSED.
If BTC ever gets close 20k again, say in 5 years, same thing will happen. People will dump their bags hard because they won't wanna wait another 10 years to have the opportunity to sell at 20k
4-this board is garbage

>>16276136
Doesn't matter what 2019 is in that context. People who traded crypto back then didn't know china will spike the prices up in 2017~2018.

Just like you can't know if the prices will get pumped in 3 years or dumped. If you bought BTC today and it went up 30% then down 10%, then up again and then just plummeted 60%, you wouldn't be thinking "im sure some super power will pump the prices in 2 years from now", you'd be selling to not lose all your money and then start binge drinking. Your life would be ruined.

>>16276142
yeah man i used to be an investor, just waiting for the btc to dumb so i can buy some for cheap, if you could help me with $5, trust me i'll turn that into 5 million in a couple years ill buy you a house dude please just some spare change or maybe a sandwitch

>>16276059
based
ive never seen this era of biz
sometimes i make threads about negotiating for a raise or whatever and they get shut down

>>16276187
Pffftt kek lol

Ok boomer

Ever heard of TA and logarithmic supply curve and fucking quantitative easing

Lemme guess, you have some kind of soft-skill sales job and haven’t understood beyond 2nd-level calculus in your whole life? Not even a bad thing but to come on here and lecture us about “ya just never know, could go to 0 tomorrow lmao!!!1!1”

We have nothing, grandpa. If we go broke, who gives a shit we started with nothing. The risk/reward for crypto is greater than anything else in history, bitchnigger

>>16276490
Look at archives, all the threads are still there.

Most threads were about saving money, getting a job, perks of certain job industries, inner workings of industries etc etc. And very rarely some lost soul would try to brain wash the board with socialism.

A very useful tip that I got when I was still in high school is that when you deal with the business owner of a small shop, the price is never final and always negotiable. Saved thousands of dollars when I was 16.

I would go to friends and tell them one on one "hey im going to the pizza shop, need anything?" from 10 people, I easily got a total of $100 order from which I could easily get $20 discount. Ez money

>>16275191
literally nearly everyone who was in this space since at least 2015 became a millionaire
/biz/ alone produced dozens, if not hundreds of millionaires

>>16276096 >>16276105 >>16276142 >>16276490

LMFAO state of newfags, this is a copypasta
that era of /biz/ never existed cause it was literally made as a crypto containment board

>>16275116
>(yes, you can buy a house with down payment + bank loan and sell it even relatively quick, pay the loan, and double or triple your initial investment).
This is almost never going to be true. if you get lucky, maybe 2% chance.

>>16276616
> /biz/ was made as a crypto containment board

Probably, but at first it attracted financial advice, crypto took about 3 years to get to /biz/ in 2017.

People who were looking to get rich quick never settled for /biz/. They stayed in /g/ and /v/ shilling dogecoins.

>>16276660
You do get a high return in a relatively short time tho. 30-60% on a few tens of thousands of USD within a couple a months is amazing when your funds are limited.

>>16276685
I think in most housing markets you will find this not to be the case.
You're imagining buying a house for a certain price, then re-selling the house for tens of thousands more a couple months later? What if no one is willing to buy the house for the higher price (they weren't willing to buy the house for that price when you bought it, in the first hypothetical sale)?
You need to be in a very hot housing market and get a little luck if you want to try and work a strategy like this. The much more likely case is that you will not be able to re-sell the house for enough of a premium to cancel out the fees (closing fees, inspection costs, etc.) and the few months of interest payments/taxes/insurance.

>>16276730
>hot housing market and be lucky
exactly, it's rare, but if you have a few tens of thousands usd, that's the best way you could invest them for a 100% profit, it's a gig, not a full time job

>>16276660
>>16276685
>>16276730

Wrong strategy, learn how to wholesale, learn about a "subject to" agreement, learn about owner financing.

with those 3 strategies you can buy and sell houses for no money and no actual risk to yourself (like literally you're not even putting any money down)

You'll have to pay the mortgage on a subject to only for as long as it takes to find a buyer, but if you have a tenant live in the house you can earn profit just from having it and then sell it to someone else

>>16276752
but it's not a guaranteed profit, even in a hot housing market.
If you're young and that's the only money you have, better to put it in index funds. If you start trying to flip houses with 100% of your stack and getting a loan, you can get stopped out on your first "bet" extremely easily.

>>16276600
this is unironically true

I have been working to convert a boomer with 400k in CDs to buy Bitcoin. He also has 120k in real estate equity thats fairly illiquid. I don't see the problem or danger with convincing someone that 1% of their assets in Bitcoin might be a good idea.

>>16276776
>>16276789
Sounds fair enough. I only managed to scrape the surface of real estate, and I'm not in a hurry as the real estate market is beyond cold in my area, thanks for the insight.

Tell us more about passive income from real estate

T link ico investor

>>16275116
>guaranteed to not lose money on

>hear about btc when it's at $10
>try to convince parents to help me buy it
>fail for 2 years
>it's already $200 and parents are still too lazy
>mfw finally 18 but it's too late now
>mfw read recently some kid made $9m cause his parents listened
just fml

>>16276069
I thought that was chainlink for a minute

>>16276184
>besides purchasing illegal goods on the internet
This is why I'm speculating on it. Coinbase puts a tax friendly face on black markets. It's no more evil than investing in petroleum or weapons companies.

>>16275191
Literally thousands of nobodies became millionaires from crypto. Which is exactly the point, you are dumb

>>16277487
>nobodies

>>16276059
>Just look at the recent bitcoin crash down to 9000 case in point.
opinion discarded

check the charts again retard

>>16275116
Buying value is the surest and fastest way to make money. Especially if you do it with leverage and other peoples money.

For example, syndicating real estate with a good promote structure. For example, you put in 10% of the money, but get 20% of the gains once your investment goes above 15% IRR, and 30% of the gains above a 20% IRR.

You can raise millions, buy undervalued properties, and collect more than your fair share of the gains. Rinse and repeat. 3-5 good apartment complexes or hotels and you're retired.

>>16275116

>need six figures to make a business
>Only way to quickly make six figures with 5 figures is crypto
Ok boomer

>>16278408
what business
why six figures
you can start an online business with less than 100 bucks from your basement
you just have to want it

>>16278459
OP just said it requires 6 figures.

And don't say dropshipping. Dropshipping is a shit business if that's what you're thinking for $100.

>>16275116
It took 20 years for the stock market to recover from the collapse in 1929. Lol ok boomer >>16275116

>>16277704
>>16278459

These guys get it