/biz/ - Business & Finance

/biz/ is full of degenerate gamblers

>>13472242
> Buy stocks near ath
or
> Buy emerging asset class after a huge bear market
We are trying to make it, not fund boomer retirement.

>muh whales

Because most of this board is a bunch of children thinking their 10k or so in some shit coin will allow them to "make it". They are so fixated on all these massive spikes that they think "oh man, if I can just catch one more, I'll be set". But the reality is that we probably won't see anything as crazy again, at least in BTC. Some shit coins have potential, but that's a super high risk. Now I won't lie and say that the volatility doesn't lead to large gains, but you're a fool to try and day trade how rigged this shit is.

Most of them don't understand stocks, and so they avoid it and chalk it up to boomers. But Id rather go chasing big gains in stocks because at least there's some logic behind it all and you can make educated guess when trading options. And the crypto children will cling to their coins claiming "but it's a new market that hasn't found its ath" but the reality is nobody is quite sure how this shit is gonna shake out and its turned into a matter of "last one out get the lights"

Best answer is to hold and trade both.

>>13472242
Higher volatility, quicker short term gains/losses. It’s an infantile market with zero regulation that is running 24/7. In a world with everything gradually becoming digitized, id rather invest in crypto’s over boomer stocks.

>>13472294
I stopped reading after chapter 1. something about feeling better than other people for your decisions?

>>13472242
Why would I buy 1 Amazon stock when I could just buy fractional amounts of crypto’s? Stock market is manipulated by ((((The Fed)))).

>>13472304
Did you post this thinking you were funny?

>>13472310
Options

>>13472294
>But Id rather go chasing big gains in stocks because at least there's some logic behind it all
>Can't comprehend crypto
>It must be irrational

>>13472316
no i guess not sorry anon

>>13472294

Its based on network growth, utilization and scarcity (supply and demand) you fucking absolute trogolodyte mongoloid

>>13472272
I’m not talking about retirement necessarily. Sure the fluctuations in crypto make it appealing but it seems they work against you at least as often as they don’t and generally the value of the crypto isn’t tied to any real world utility making its value entirely speculative. If I’m wrong tell me so I can cash in too.

>>13472294
That’s my thinking exactly. The BTC boom is gone and it’s not coming back. The only viable strategy I can think of (without resorting to gay Critical Analysis) would be to
>buy the hell out of cheap shitcoin ICOs >Sell then when they hit an acceptable ROI
>literally forget the coin exists and move on to another ICO

>>13472324
>>13472365
Oh I understand it way better than the majority of chain link holders that populate this board. And if you learn to day trade it, you can probably make ok gains all things considered. But this isn't about the smart traders. This is about why this board is obsessed with crypto, and I gave you a solid reason. I personally just injected my own opinion on how I feel about crypto. I don't consider it a stable investment to wrap up a majority of your portfolio.

>>13472533
>Oh I understand it way better than the majority
pure COPE

>>13472252
>>13472252
>>13472252
>>13472252
>>13472252

>crypto market is always open
>crypto gains are easier to hide for taxes
>expensive to trade stocks unless your account is big enough

>>13472397
Pretty much best strat. It's also worth longing the big boys for spikes and I think it'll crab upwards long term, but everyone is retarded if they think they will make it on another golden bullrun

>>13472565
Who gives a fuck , it just means you can lose money during the 8 hours you should be sleeping
(MUH TAXES) Admiting to a crime
being an imbecile
Kill yourself you stupid fuck

>>13472294
DELET

>>13472845
if you're a wagie you might be waging when the stock market is open, can also wake up to a bigger portfolio
theft is ok when the government does it

>>13472294

>>13472533

You're such a fucking retarded faggot there's no point in even arguing.

"Look, I know you guys made a lot of money, and way more than i could ever make in the stock market, over the past 8 years... but dude... trust me... just Lol... if you think that you can make money off booms and busts in a market... you are stupid haha... trust me dude... just buy my bags dumb kid... you're such a dumb child, kid, if you don't buy my bags.. my bags are like smart and safe and your bags? heh... your bags are dumb... Your bags are dumb because i say they're dumb... you're gambling... my bags are investments and your bags are gambling... i'm going to dump my bags on you but it's okay because they're good bags and they'll go up again heh dumb kid stay away from BTC... not worth it kid... juts because it went from 0 dollars to 20 thousand dollars doesn't make it worth it kid... heh..."

fucking boomers should be shot in the head. I've wasted so much of my life reading words from unimaginative fuckbags of flesh. no point. just go have kids so i can fuck your daughters and enslave your sons later, cuckold wagebot

>>13472294

Stocks are unpredictable too, you are at the mercy of the CEO's, basically your post is full of shit, also boomers stock are at the ATH so you won't make more than 20% gains in a few years, literally the only reason to buy stocks is to short the hell of them through inverse etf long term

>>13472294
Cope

>>13472294
based and redpilled. cryptocels worked into a shoot by this

>>13472242
im long on crypto in general but i do fuck around and make some nice gains by playing the stock options lottery. when i lose, i lose small, but when i win, i win big.

>>13473034
>>13473035
>>13473085
Not an argument but thanks for joining me

>>13473082
Sort of. But saying that they are at the mercy of the CEO is sort of putting stocks down for having someone at the helm of a company. That's not really a bad thing or a good thing. It's just a thing.

I don't really have a good point against the ATH thing though, you're right on that front. But I don't think your year gains are that limited to just shorting the market. There's a lot going on right now and I think a good investor can really play the political spectrum and upcoming technologies.

>>13472294
What are your crypto picks?

>>13473329
I'm pretty light in crypto right now, I'm busy chasing biotechs for the ultimate rush. But right now..
BTC: the only crypto I consider to be stable. Gives you the best of a long term gainer but if there is ever a bullrun, BTC is gonna reflect it.
ETH: imho this has the most potential to see a widespread adoption and go up separately of BTC. I think ETHs biggest problem is competing with BTC right now, as BTC is currently the standard. But I think it's worth holding long, arguably more than BTC if you don't mind the increased movement in pro.
BAT: this is more an investment in Brave than a crypto investment in my view. Advertisements are dead as fuck. I think if Brave can make it worth people's while to watch ads, then company's will flock to their platform. But the biggest problem moving forward isn't someone forking their browser (remember when everyone forked Firefox with quantum? Lmao), it's just getting that user base in the first place. For me, I don't mind watching ads if I get a cup of coffee or something a week (especially if it means I can support the websites I choose to) and I think it could be big. Frankly, I think there's a LOT of FUD around this coin for no reason other than the fact that people are upset they made a whole new coin for this rather than using their shit coin. I think this is a medium risk medium reward coin though, because it actually has a tangible use case.

Keep in mind i am longing these. Not day trading. Your mileage may vary

I don't know what sort of retard would go long on american society and corporate culture. Go out in public and ask yourself if this is really the ship you want to go down with.

>>13472294
This isn't wrong, but Cryptocurrency has lower barriers to entry from my knowledge.

Anyone can go create a Coinbase account and buy a bag, and you could see it 2x in a day or a week. And it's very related to tech and the internet - let's face it, that's what we're all interested in here. That's much more exciting than buying some dying company's stock or some tech company that's run by some 70 year old dinosaur.

Bitcoin's entire concept is fucking awesome and novel. You just don't get that excitement with stocks.

>>13473494
Also I think that's a very good assessment of BAT. Feel a similar way, it's easily the most interesting cryptocurrency to me besides BTC and ETH.

>>13473579
Actually you can easily download Robinhood and just start trading options even with no fees. I feel your excitement thing though. That's why I invest almost always in biotechs because the thrill makes me feel alive. (expecting NBRV to double in price tomorrow)

>>13473590
Yeah BAT is gonna be an interesting thing to watch for sure. I can't believe so many people are sleeping on this coin. Movement on it has been pretty damn good too. It's imho the most novel of all coins and if they can pump the price up then I can see it being a buck a coin at least, eventually hitting a few.

>>13472294
>10k
If I had 10k with no debt or tax, I'd be most the way to making it already.

>>13473494
That's a rather conservative assortment. BAT certainly has potential. It's on coinbase and a lot of people have no problem watching ads on YouTube and random internet services. They'd probably jump at the gun to make a few bucks a week from doing what they get paid nothing to do now. Link it to gift cards or gaming merchandise or something, and there will be adoption.

I had a small amount from shortly after the ICO in 2017 into early 2018. I made a tiny nothing-to-brag-about profit from it. Personally, I loathe ads and use ad blockers on everything.

More gains/volatility in crypto. Good luck
getting a 1000x in stocks but in 2017 there were MULTIPLE cryptos that got gains like that. Also if you held bitcoin for 10 years you got way MORE than 1000x gains. Literally over 10000x.

It's not necessarily "easier" than stocks since the tech is pretty hard to understand completely. Usually the people who hate crypto the most clearly have no idea how it even works lol. But also there's WAY more scams in crypto so it's basically wild west compared to stocks which are way safer to play with.

>>13472294
laughed hard at all the assblasted nerds raging at this comment

I've got $100 which crypto should I dabble in?

>>13473904
Go all on on DYOR

>>13472533
enjoy never making it you stpid nigger LOL

>>13472242
Cause of company that has at 300% ROI. It hasn't yet been shilled on biz, or listed on CMC

I'm a third-worlder. Therefore I have zero chance of really making it in stocks from where I live. At least I have a chance with buying the right crypto on the ground floor

>>13472242
Stocks turned my $100 into $250
Crypto turned my $250 into $250,000
Why would I ever go back? Needing $25,000 in your account to day trade? Kiked.

>>13474179
I don't need money to make it. I don't know what I need but I can tell you that isn't it.

>>13474345
You’re that guy who desperately wants his foreskin back

>>13474444
I was legit just thinking that the other day. Damn, you're right :(

anyone can get into crypto from anywhere in the world. Im from SA, so its hard to invest in US equities.

>>13472242
Because more risk = more reward. If you don't take risks you won't make it faggot and you will stay poor, lol. Imagine getting 2x on a stock mutual fund in 10 years but missing out on a 10x in crypto in 3 years. Lmao, fail.

>>13473494
What are your holdings in the stock market ? Any advise ?

>>13472242
let's see... uh
boomer bags such as stocks and real estate are at ATH and the only rationale people give is literal FOMO and crypto is at or near the end of its bear cycle everyone is FUDing it and "see I told you soo", hurr durr which one should I pick I might need a scientist to do a study on this one

crypto traders are retards, probably the dumbest people in the world. they would otherwise invest in Amco or Herbalife if not for the convenience of internet

>>13472242

Because the entire stock market is rigged thanks to the Debt Market (Bonds). Only one entity has the financial power to create such distortions and manipulation in the stock market.

>when this all corrects...and it will. We will see bank withdrawal FREEZES on a monumental scale like we never seen before.

You'll be wishing you were acquiring cryptocurrency before it happens.

>>13475722
Next you’ll be telling us to buy guns and ammo

>>13472252
This. *sob*

>>13475782

History repeats if we fail to learn from it.

>Greece in 2013

>>13472242
I turned $500 into $8000 over the past year and a half. Tell me how to do that in stocks.

>>13476686
never forget
to pay your debnts

>>13475629
Nah, I'm terrible and just gamble away on biotech catalysts. The power of the stock market is that you can adapt your portfolio to your risk management. Want stable growth? Invest in etfs. Want stable earners? Dividends. Want access to the same level of volitity as crypto? Learn to trade options. Options are powerful because you can also minimize your losses real easy while maximizing your gains. But also super easy to piss away your money. Just start small. Don't dump thousands in you'll lose it all.