/biz/ - Business & Finance

[Anonymous No.20044824]

>mfw I got into Crypto just now after all those years
>mfw not even $20k of a Portfolio

[Anonymous No.20044835]

I don't even have 2k lmao

[Anonymous No.20044851]

I can tell you how to make it, but it is useless because you wont take actions.

Unless, you buy cheap bags of DATA, HIVE or ETC this week. I can guarantee we will pump within these few weeks. In the meantime, work your damn job to accumulate the coins above.

[Anonymous No.20044888]

>>20044824
>>20044835
Just buy PNK my dudes

[Anonymous No.20044921]

>>20044851
Kill yourself

[Anonymous No.20044985]

>>20044835
/biz/pilled

[Anonymous No.20045142]

>>20044835
I had $200 Eth which i gambled away

[Anonymous No.20045172]

>>20044824
Casino chips are not a portfolio.

[Anonymous No.20045307]

>>20044824
Dollar cost average in; I personally dump all my savings into it; half my paycheck goed into crypto; my peers got loans for houses; some of the brainlet ones think I'm a loser for staying at my old man's house; little do they know I'll. Buy a few houses without loans in a couple of years; stupid normies happy that they "moved out" different word for "accepted 20+ years of slave commitment

[Anonymous No.20045752]

>>20045307
In a few years the crypto fad will have finally died.
Your peers will have an asset which has appreciated in value, a functioning adult life, and savings.
You'll still be living in a basement with no net worth to show for.

Even if crypto doesn't die (a huge assumption, since it's been around for 10+ years and there's no signs of ever being adopted as the new currency), you're assuming that it will increase in value above any other conventional asset like index funds or real estate. Again, a huge assumption, since currencies don't tend to appreciate more than investment assets.

You're friends are right, but probably too polite to tell you: you're a fucking retard.

[Anonymous No.20045779]

>>20045752
Kill yourself you pathetic salty nocoiner. You clearly don't get the point. Go buy some ETF's and get out of my thread, you retard

[Anonymous No.20045794]

>>20045752
Shut up fag even billionaires are investing now

[Anonymous No.20046028]

>>20045779
Cope.
>>20045794
Even if a billionaire throws $1M into crypto, that's 1% of their portfolio. It's play money.

Crypto is a ridiculously small percentage of the world market. Even allocating 1% to it is a disproportionately large exposure.

[Anonymous No.20046050]

>>20046028
*0.1% of their portfolio

[Anonymous No.20046993]

>>20044824
I was like you until I started depositing LEND to buy more LEND to buy more LEND to buy more LEND to buy more LEND

[Anonymous No.20047091]

>>20045752

It's not about crypto it's about blockchain if you don't get that by now ... Wow

Decentralised computer networks that offer services to the public that anyone can buy equity in via tokenisation

[Anonymous No.20047107]

>>20046028
>Crypto is a ridiculously small percentage of the world market. Even allocating 1% to it is a disproportionately large exposure.

Which is why this shit will moon you stupid fag.

[Anonymous No.20047117]

>>20044835
Started with $750 now over $4k because of DMG.

[Anonymous No.20047656]

I have never made money in crypto yet I I just keep buying.

[Anonymous No.20047689]

>>20047091
Ok I'll spell it out for you, crayon muncher.
Blockchain is an open source slow database with a lot of disadvantages, and a couple of advantages.

Does it provide value? Maybe.
Any company can use Blockchain in a product, does that mean that bitcoin itself has value? No.
"Investing in Blockchain" is a stupid argument. It's like "investing in math".
You're buying the tolken, not a patent to a piece of tech.

Would you invest in a company that uses SQL for their sales table because you "believe in the tech"?
If you do, you're a retard.
You should invest in companies that provide a product that people want, you shouldn't care how their tech backend is implemented.

[Anonymous No.20047740]

>>20047107
>Beanie babies are a small percentage of the market. Therefore they will moon.
Just because something is niche, doesn't mean it will become mainstream.

[Anonymous No.20047848]

>>20045752
Spotted the retard. How fucking stupid are you to think anyone invests in crypto with hopes of it becoming a global currency? It’s all about blockchain technology. There’s a reason why billion dollar companies and billionaires have began investing in blockchain the past couple years, which was not the case 5-10 years ago. If you can’t see the writing on the wall of all the new big money that has already started to flow in and will only increase going forward then you’re an absolute low IQ retard who doesn’t deserve to make it. All the bread crumbs are there, this couldn’t be any more obvious.

[Anonymous No.20047885]

>>20046028
You just answered why crypto is about to moon harder than the stock market ever has you fucking moron, how dense are you?

[Anonymous No.20047970]

>>20047848
>Spotted the retard. How fucking stupid are you to think anyone invests in crypto with hopes of it becoming a global currency? It’s all about blockchain technology.
Stop coping and read this: >>20047689

>There’s a reason why billion dollar companies and billionaires have began investing in blockchain the past couple years, which was not the case 5-10 years ago.
Google what the definition of an "hedge" is.

[Anonymous No.20048092]

>been in crypto since 2017
>10k networth

[Anonymous No.20048495]

>>20047970
So in other words wealthier people consider BTC a viable hedge against traditional assets? Just two years ago that'd be laughable.

[Anonymous No.20048624]

>>20045752
Kek

[Anonymous No.20048656]

>>20048495
A billionaire can throw $1M into crypto and that will be 0.1% of their networth. It's fun money for them.
The retards on this board are far more invested in it. In fact, a lot brag about being the only asset class they have investments on. This is beyond retarded.

[Anonymous No.20048727]

>>20048656
Fuck Off boomer

[Anonymous No.20048745]

>>20048656
Which assets are you most confident in and why? I'd like to learn more from cryoto-crititcal perspectives, which are rare on this board.

[Anonymous No.20048846]

>>20047689
>Would you invest in a company that uses SQL for their sales table because you "believe in the tech"?
Imagine not understanding the basic fundamentals of an emerging market and being so aloof as to make a SQL comparison. Fucking lel.

[Anonymous No.20048876]

>>20048745
Fine Art, Gold, Pharmaceutical Chemicals as the US rebuilds its ability to manufacture generic drugs.

[Anonymous No.20049031]

>>20048745
Globally diversified index funds.
They have been shown by practically every academic study out of there to beat active managers over a long period of time.
This will give you the average of the global market. One big advantage over crypto is that, if my investments crash, then everybody in this board is as fucked as I am, since capitalism has ended, and there's nothing to indicate that crypto is going to be accepted as a currency.
In fact, it's very likely that it won't be accepted. Since it requires electricity and the internet to work. And that's not going to be around in case of total societal collapse.

If crypto crashes? My portfolio won't even have a dent on it.
Crypto becomes the new currency? Cool, companies start accepting it as payment and continue to make profits as before. My portfolio still goes up.

Warren Buffet famously made a $1M bet with an hedge fund in which he could beat them over a period of 10 years. He just put the money in an index fund and chilled. Won the bet almost 2 years before the time was up.

I'm not looking to gamble, I'm looking for assets with a solid foundation, and a good risk-reward trade-off.
I like my assets to have a positive expected outcome, i.e. I want the roulette table to be biased my way.

[Anonymous No.20049292]

>>20049031
Holy shit you are actually retarded. The dollar is going to suck the wealth out of every other country in the world before hyperinflating and you think being global diversified when that happens is a good thing.

[Anonymous No.20049462]

>>20048092
Been in crypto since 2015 bought in the 800 range. 14k

[Anonymous No.20049484]

>>20049292
So what's the alternative?
Capitalism collapses while you or I are still alive, and there are more companies in the world in be a few decades?
Cool, your meme coins are going to be very useful then.

If crypto was a safe haven, people would be flocking to it when the stock market crashes. It has done the opposite every single time.
People don't believe it's a safe haven. And if there's no trust in it, it's not a currency.

[Anonymous No.20049563]

>>20049484
*There won't be any companies in the world in a few decades.

Also, could I borrow your crystal ball?
If you don't believe that the world economy is going to beat crypto memes, then buy put options on it.
Put your money where your mouth is.

[Anonymous No.20049604]

>>20049484
People don't flock to it because they are lazy and stupid. They value the "security" of things like index's because its low effort and "safe". But that isn't true at all. You have to make real moves to generate wealth, and one of the most volatile and critical financial situations in human history isn't going to magically change that truth just because most of the market is too old, too dumb, too used to habit, and (on the hedge fund side) to occupied by red tape to make the changes it needs to profit.

[Anonymous No.20049607]

>>20049484
In the long run, the current token speculation won't matter at all. Smart Contracts are going to dominate global agreements, and if you can't see that, you're blind. Crypto is no longer about replacing the current financial paradigm, it's about augmenting it.

[Anonymous No.20049850]

>>20045752
>>20049031
Based and redpilled. After /biz/ became crypto & crypto board things have gone in the shitter. Literal pajeets and brainlets think they have the keys to becoming millionaires when all they have are endless p&d's where the best bet is to move early and sell early. If you want to do actual investments stocks and index funds are indeed the best choice, along with land and property near/in big cities.

I only play with cryptocurrencies since it's more fun than poker.

[Anonymous No.20049931]

>>20049850
>Index Funds, Land and property in Big Cities

Oh I get it now. You guys are stupid. You literally don't have ideas, you can only regurgitate what you read in a book 10 years ago.

Seriously, seriously, seriously you fucking idiot. Property in big cities? In the advent of remote working? When every middleclass person in the country is finding out they can move somewhere cheaper and away from "bad stuff" and it not effect the money they make. And you think real estate in the city is gonna keep rising. While you are at it go buy some dedicated offical spaces that oughta go well.

[Anonymous No.20050450]

>>20049931
>He seriously thinks property prices aren't going to keep going up in cities
Holy shit anon, keep being retarded. You do realize that the size of middle class keeps growing smaller and smaller, while cities still keep growing larger? Property prices reach ATHs every few months, rents keep rising, yet people still pour into the cities. Remote working is big thing right now thanls to corona, but once this blows over, you fucking bet employers want their slaves back in their pens. But you won't listen, I know you won't, because you think you're right even with all the evidence piled up against you. Sad.

[Anonymous No.20050509]

>>20049931
bad publicity and lawsuits from wrongful trolley death would tank the company way harder than a temporary delay of service

[Anonymous No.20050517]

>>20044824
I resent /biz/ for not shilling on other boards.

[Anonymous No.20050537]

>>20049031
You are a brainwashed retard.
Seriously, how did you even end up on this board?
Your shitty ETF's won't perform shit the next 10 years, just because they did so the last 40 years.
The current system is about to end.
And the market is going to crash hard.
>But it will go up again
Yeah, enjoy holding you bags, while the Dollar loses value
>Cryptocurrencies do not get adopted
Hellor retard?
Do you see anybody on here saying that Nano or Bitcoin or some other stuff bevomes the world reserve currency?
That is not what we are chasing here.
If you would have more than half a brain, then you would know that a Central Digital Bank currency will come and that Blockchain will play a big role in the future. (Look up jumping Jesus)
But instead you are some brainwashed NPC who takes Warren Buffet serious. That guy has insider connections and still couldn't beat the market the last years. He is an old stupid fuck.
And listening to anything he said or investing in ETF's "because they did perform so great in the past" is fucking retarded. And you are in for a rude awakening if you keep telling yourself that Crypto is about Currency and it is all a scam.
Go back to /smg/ or leddit

[Anonymous No.20050565]

>>20045752
>new currency
Stopped reading there

[Anonymous No.20050567]

>>20047656
Based retard

[Anonymous No.20050640]

>>20050450
>you fucking bet employers want their slaves back in their pens
Yeah, you fucking bet.
God, how retarded are you?
Why should an employer pay for office space if the wagie can stay at home as well? Facebook is looking especially for people who only work from home now and after Corona. Automation speeds up.
But you idiots think that nothing will change. I say it again: Get off this board

[Anonymous No.20050654]

>>20049031
you have the luxury of being able to diversify. you arent a poorfag

[Anonymous No.20050674]

>>20050567
Everything I buy and hold just goes down :(

[Anonymous No.20050741]

>>20050640
>Why should an employer pay for office space if the wagie can stay at home as well?
Because that's how you get productivity up. Working from home means that most people just dick around all day since they aren't in the company of their colleagues and bosses. Productivity has plummeted across all tech firms thanks to the work from home ethic. Working at a shared office makes people work, not dick around on their phones/on the internet.

Like I said, you're just too prideful to think you're wrong. You have it all figured out.

[Anonymous No.20051074]

>>20050537
>Your shitty ETF's won't perform shit the next 10 years, just because they did so the last 40 years.
>The current system is about to end.
>And the market is going to crash hard.
>>But it will go up again
>Yeah, enjoy holding you bags, while the Dollar loses value
I'm invested in global funds not just the dollar.
So basically you believe that capitalism is going to crash and never recover. In that case, you're as fucked as I am. Your digital tulips won't save you.

>>Cryptocurrencies do not get adopted
>Hellor retard?
>Do you see anybody on here saying that Nano or Bitcoin or some other stuff bevomes the world reserve currency?
>That is not what we are chasing here.
Cool, so you admit you're a gambler, not an investor.
Gambling has a negative expected return. Read a bit about probability and statistics before typing.

>If you would have more than half a brain, then you would know that a Central Digital Bank currency will come and that Blockchain will play a big role in the future. (Look up jumping Jesus)
Sure, let's admit you're right.
Is your particular meme coin the one that gets adopted? Not likely.
Even if it is, companies are now using that currency. I don't care, they still make profits, and I reap those rewards.

I get it, you just lost some money and have bags to offload to other retards.
Stop coping.