/biz/ - Business & Finance

[Anonymous No.6538765]

This board truly makes me sad. This board is filled with people trying to deceive others into buying useless internet numbers.

One example is they will tell you "we'll all get rich" or "we'll all make it." That's not possible though because this game is zero-sum. If you want to cash out you need to sell and for a sell to be made there needs to be a buyer. Somebody bought DGB at 2200 sats. Did he win? No, of course not. He got tricked by people who told him "it will moon bro."

Another example is someone will tell you "buy X coin, bro, it's totally undervalued." This is another scam phrase because the current valuation of these coins is not based in anything predictable. There is no way of knowing what a "true" value of a coin should be because the price is heavily determined by manipulation, insiders, hype cycles, speculation and pump and dump groups. There's nothing in economics theory that tells you the real value of Monero is $400 or whatever. So when someone tells you a coin is undervalued or overvalued, in reality they have no idea and are trying to trick you.

Also, are you thinking of "long-term HODLing?" Know that these coins mostly have no real world use and these more than 2000 cryptocurrency companies and teams will not be around in 5 years. Do you really know why these companies need to use a blockchain rather than a centralized database? Let alone a cryptocurrency on top of it?

Just know that when it comes to making money - it's purely about getting other people to transfer their wealth to you. This makes people turn into liars and cheats and you shouldn't believe most things posted here.

[Anonymous No.6538797]

>>6538765

[Anonymous No.6538889]

>>6538797

Cuklet detected

[Anonymous No.6538893]

>people unironically cash out real money to buy meme coins
i thought this board was a comedy board.

[Anonymous No.6538972]

>>6538765
You're right.
Getting real money is better than buying lottery tickets. This board is such a loser, I thought I'm gonna have some fun here, it was my first day here but this board is absolutely pathetic.

[Anonymous No.6539037]

>>6538765
replace coins with stocks and read it again

[Anonymous No.6539042]

bu-hhhhb hurrrr bit curn.... es.... just faek.... internet mony...... hurrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr it scam........ me no like.......

[Anonymous No.6539107]

>>6538765
“We’re all going to make it” stopped applying after bitcoin topped 10k.
Before that, literally everyone who bought would’ve come out at profit if they just fucking held like /biz/ told them. And even better if they played the swings.
People who suggest this is still possible are thinking wishfully.
>it’s purely wealth transfer
Dingdingding!!!
Do you know where it’s going though? It’s going from new buyers to old sellers.

[Anonymous No.6539650]

This game is not zero sum you bitch, people are working on products. If you join zero sum coin scams that is YOUR FUCKING PROBLEM. SO DEAL WITH IT YOU LITTLES SON OFF AAAAAAAAAAAAAAAAVBTITH!!!!!!!!!

[Anonymous No.6539768]

Also I can smell normie tears here. Leave our meme money alone and go buy stocks you slut.

[Anonymous No.6539885]

>>6539650
>people are working on products
yes, very few of which should even be using blockchain as a middleware. they've just attached a crypto coin to their idea in hopes to make it. when everyone realizes that blockchain is only good for crypto currency, BTC rises to the top again and everything else bleeds out.

[Anonymous No.6540046]

>>6539037
It doesn't make sense in the slightest when you do that.

[Anonymous No.6540331]

>>6540046
it's exactly the same thing albeit with slower fluctuations
99% of people that buy stocks are speculators that hope to sell when the value goes higher, very few have stocks for voting rights in the underlying company or such things (and you have to have a significant % for that)

[Anonymous No.6540437]

>>6538765 I saw this fucking post exactly this time last week. Kill yourself right now