/biz/ - Business & Finance

>>11472091
97.5% scams

>>11472091
Dumb niggers chasing lambos
Late to the party FUDster jews

>>11472123
I doubt that.

>>11472154
Agree on that, but I am not sure if this is the end of the road.

>>11472189
Niggers are broke, lost their last dime on shorting the bottom, jews accumulated.OFC it's not the end.Jews still need to dump their bags, who else but on npcs.

>>11472170

You're right. It's more like 98% scams, with a 75% death ratio for the companies who aren't scams, and only 13% of the ones that weren't scams, and survived their first year, have some kind of product in 2018.

>>11472207
I guess we will all see, next year will probably be more interesting

>>11472231
Nice analysis, thumbs up. What should we do?

>>11472240

You should not ever get involved with anything even remotely related to finance again, as your naive nature and lack of real world experience makes you a super easy mark for scammers and con artists, as has been proven over the past year.

The more you keep going with muh crypto, the more times you'll be taken advantage of, and eventually, you'll have to face reality. If you've been scammed 'only' 5 times by then, you'll think you're a fucking idiot and shape up, but if you've been scammed 25 times, you're just gonna kill yourself because you're too pathetic and gullible to even go on living.

>>11472278
what the hell was that

>>11472310

That's what's called 'actual advice.' You don't see it much on this board anymore, but your posts made me take pity on you, and the rest of the dumb fucks who'll read this thread.

Get a hold of yourselves already. The reason crypto's dead is because crypto was never alive to begin with. It was a hyped pipe dream, led by scammers, charismatic cult leaders with grand nicknames. and generic conmen, entirely populated by idiots who were engaged in a very elaborate game of greater fools. Now that most of the scammers are gone, and the number of fools has thinned out significantly, activity's dead. There's no more money to fleece, and no one who's dumb enough to actually 'invest' in SEELE, yellow piss mark coin, quantumcash, ncash, ZYOcash, Qash, CTcash, zelcash, RXcash, IOcash, or pic related.

>>11472414
If it was never alive, what happens when it actually is alive?

>>11472414

>>11472414
>crypto is and always was a scam

>>11472414
> Believes crypto is a scam
> Advocates against people learning about finance
Boomer, your generation's systematic disenfranchisement of the young from the existing markets is what caused the last bubble and it will be what eventually causes the financial collapse.
Noone wants to play your rigged ass game anymore.

>>11472653
How are the bags?

>>11472689
I only move usd to crypto and have increased my holdings lately.
The bags are filled with a vision of the future that enables permissionless innovation to arise from the downtrodden as easily as wall street.

>>11472653

>I'm gonna learn all there is to know about money.
>but fuck doing work, studying, asking questions, talking to people with actual experience, listening to experts, doing research, or even working to make money. What can I do to make billions with zero effort?
>let me get in on the magical internet money first. This 60 page document about how to securely use my wallet and client can safely be ignored, and I'll just give the money to this guy who says he'll give dividends, even possibly double my money!
>oh no, I got scammed.
>let me check out this fork stuff. The fine people of China will surely do what's in both our rational interests to make us rich.
>oh no, I got scammed.
>ACCUMULATION! I'm gonna put the remains of my internet fortune into this super good investment for the future, called bitconnect.
>oh no, I got scammed.
>I'll just HODL all these new ICO internet tokens.
>oh no, my money lost 99% of all their value.
>oh fuck, the exchange exit scammed.
>oh no, not a single one of them managed to deliver anything. That's the risk you take when you invest, I guess.
>surely, this new type of internet money will save me. Let me put all of this cash into this exciting thing called POWH.
>oh no, it was an obvious, unironically ironic scam.
>I'll just start selling electronic junk parts for profit.
>oh no, the junk I got is actually junk. I thought for sure electronic stores would give me valuable items. Damn, who would have known.
>I know! I'll just put my last 20 bucks into lottery tickets.
>my math teacher says there's a bigger chance of getting rich if I invest in tickets, than if I keep the dollars in my pocket.

Never, ever change, my dear biz/nessmen. I somewhat regret not doing an ICO when I had the chance.

>>11472091
Proof or work is a stupid means of generating currency and in practice no better than a central bank or federal reserve.

Blockchain transaction logs attached to every currency unit could have massively positive implications for the financial sector (no more book cooking or money under the table) but failure to deal with structural issues means it will never happen.

>>11472718

>The bags are filled with a vision of the future that enables permissionless innovation to arise from the downtrodden as easily as wall street.

Saved.

It's the normal crypto cycle. Big gains followed by slow dying for a couple years. Don't get in on any of this shit for at least another year

>>11472749
What about the alternatives to Proof of Work that aren't as energy-grubbing?

>>11472743
Holy shit noone wants to read your shitty novel.
Only time I got scammed was through centralized exchanges exit scamming.
Also I work in the field and have been a software developer for over a decade.
Go fuck yourself, nocoiner

>>11472091
It worked exactly as intended. The take home message: pyramid schemes work if you get in (and out) at the correct time.

>>11472776
>alternatives to Proof of Work
Nobody has been able to make them work. Proof-of-stake isn't able to keep participants honest.
Usually if the Big Banks can't buy it and the start ups can't grind talent away into something commercially viable, it isn't going to happen any time soon.

>>11472091
People bought into vaporware whitepapers and got smoked.

Kind of like the dot com bubble of the 90s