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/biz/ - Business & Finance

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26429071 No.26429071 [Reply] [Original]

At this point, Biz is just a board for retards who dont have a clue what a cryptocurrency is but go with the hype because their 80 IQ friend just bought $1000 (or so he brags).


There are a million and one great things to invest in but all I see here is crypto this crypto that. The most retarded tokens I have ever seen and I never thought I would see.

IDK where Bitcoin is going. It may go to $100k, it may burst at $50k, who knows.

What I do know is that oil went from $0 to $50 and was an easy prediction to make.

Being European, I can bet on CFD's and leverage 10 times my bet.

with 410€ on oil from 10$ to 40$ (when I closed my position), you can imagine the profits. ~2600€


Cryptoshit doesnt allow you to have such leverage and its no way as predictable as a comodity like oil.


That was just a little ancedotal evidence thats worth whats worth...


I can say a thousand and one reasons why Cryptocurrency investments are a stupid idea and idiots will always come to me saying I'm the retard because they profited. I dont "disbelive" them, good for them.

I'm just here to warn enterpreneur wannabes that there are thousands of ways to make money and crypto investments are the most ridiculous and unnecessary.

The classic hook for these people is the boom that crypto had since it was founded to what it is now. Yes it was a boom and congrats who had the luck to catch the ride up... and I feel sorry for those who think it was a predictable ride, and even more sorry for those that think that it will happen again just because it happened before

>> No.26429301

>>26429071
Sorry fren. I like that you took the time to post a genuine opinion and backed it up with experience but... most of what you said just isn't true.

>> No.26429346

>>26429071
i'm not reading all of this shit. shut the fuck up

>> No.26429499

>>26429301
fuck, I wasn't expecting such persuasive argument.

>> No.26429548

Ok im game.
I will buy 10000 retardocoins
hope Walmart accepts them

>> No.26429602

>>26429346
Thats what you said on 5th grade and here you are now

>> No.26429727

In retrospective this post was like going to a flat earth convention and try to argue with numbnuts ... and even then my odds would be better than here

>> No.26429936

>>26429071
yes

>> No.26430614

>>26429071
TLDR:
>poor european boasts about his $2000 gains while we /biz/kings sit at 6 figs link portfolios

>> No.26430707
File: 51 KB, 720x475, 1599186679640.jpg [View same] [iqdb] [saucenao] [google]
26430707

>>26430614
pic related

>> No.26431074

>>26429071
Buying BTC/real cryptos (PoW) are a hedge against the system. Banks can limit withdrawal rates ect. The funds in 'your' bank account belong to your bank. As such, banks can do bail ins.
This is when crypto goes crazy ('12). Its exactly what it was designed for.

I do hope your buy some with your profits, if you're profitable you can gain SATS/alts & fiat via CFDs, Its what I do, just the opposite way i.e more crypto

Not your keys not your crypto

>> No.26431221

>>26429071
>you guys are idiots because I don’t understand what’s happening

>> No.26431339

>>26429071
Betting on oil, HOW DARE YOU.

>> No.26431523

Lol crypto is the future

>> No.26431646

>>26429727
>numbnuts

Boomer confirmed

>> No.26431938

>>26430707
> can't read
> ....
I'm not going to make fun of someone who can't read

>> No.26431988

>>26429071
>>26431074 is right about crypto. OP however, is absolutely correct on making profits. Of course you can make insane profits with crypto but you can only do so if you are an insider whereas other markets will always give opportunities to make similar profits. I agree with OP but we are a small minority overrun by cryptofags and scammers. The thing is that crypto can be accessed by anyone hence jeets and other undesirables have flooded the board. Think about it. US and Europe have a combined population of about a billion and if we take the civilized parts of Asia we get to roughly 2. There are still about 6 billion people out of which the majority of posters come here to pump their bags. /biz/ is a pajeet board where traditional markets are shadowed by "emerging" markets such as crypto that every retard can access.
We are just outnumbered by retarded scammers who try to pump their bags. That's the biggest problem. I've seen decent threads that die just because cryptards drown the board with pointless threads.

TL:DR
Crypto is ok, we're outnumbered but other markets can still make us good money. Fuck you pajeets and Ivans

>> No.26432031
File: 17 KB, 214x224, boomer confirmed.jpg [View same] [iqdb] [saucenao] [google]
26432031

>>26431646

>> No.26432071

>>26429071
I traded CFDs, doubled my money in a single 30 min trade. shits crazy. 30x lev usually lol. and it was on oil aswell.

>> No.26432096

>>26430614
>if $2000 is "poor" then I guess you hate Trumps $600 relief package

>> No.26432176 [DELETED] 

>>26432071
> Leverage is 1:10 by default so you would have had to request such increase

>> No.26432189
File: 10 KB, 385x310, 613IWGbqikL._AC_UX385_.jpg [View same] [iqdb] [saucenao] [google]
26432189

my file got lost and cant find it anywhere, pls help bros. he also had an energy drink

>> No.26432236

>>26429071
OK BOOMER

>> No.26432239
File: 1.30 MB, 808x1544, INDIANS.png [View same] [iqdb] [saucenao] [google]
26432239

>>26431988

>> No.26432268

>>26432189
fuck wrong thread

>> No.26432628

>>26429071
>I can say a thousand and one reasons why Cryptocurrency investments are a stupid idea
You are like a child. Always wanting to line up reasons why something could somehow fail rather than seeing the single reason it will stay.

>> No.26432770

>>26429071
>Cryptoshit doesnt allow you to have such leverage
100x on Bitmex

Also I agree
/v/ gets split into 4 different boards because a few people make regular generals
/biz/ is practically 99% crypto scam shills for three years and there's zero attempt to contain it

>> No.26432853

>>26432628
I fail to see how calling me "a child" was any relevant to this... I on the other hand wouldn't call you a child... Clearly your problem isnt age and Children are smarter than you.

>> No.26432873

>>26432239
Fun fact
This is because when Americans say "Asians are good at math", Pakistanis and Indians think they're talking about them

>> No.26432927

Op mad cuz he missed rubic

>> No.26433027

>>26432927
yeah, not a day goes by I don't cry over such opportunity to burn my money

Only if there was other shit coins to burn my money with!