/biz/ - Business & Finance

We will lauh at the normies.
Coming from a Zoomer

id rather a chance at "making it" then just see my shit go up and down 1% each week.

laugh*
kek

>>13480294
Most crypto users are boomers to begin with. Literally almost everyone i spoken too are like 25+

Except the few cucks in shitcoins like Turtlecoin where their demographics of 15 year olds who mine on their 1 gpu.

Why would some gen-z fag have any capital to begin with?

>>13480294
That 13 year old boomer that wishes he was a doomer

>>13480338
they are also mostly the first to use bitcoin to buy drugs online, coke, mdma, weed, acid, etc. so they've been in the space for a while

>>13480315
You and me both my man. I’d have to invest like 100k and wait 25 years to have it turn into a million and even that’s not enough to retire. I mean yea that money will come in handy but I’ll take my chances gambling on BTC and ETH now instead of buying boomer bags at an ATH that are bound to drop in a huge way in the next 5-10 years. *SIIIIIIIIP

>>13480294

Thank God I didn't go all in on crypto back in 2017.

Without my 100K in stocks, I'd fucking kill myself after a 99% loss in shitcoins.

33 year old boomer btw.

>>13480294
>>13480315
>>30yo
>>real life working experience
The only project that matters

T. 33yo boomer in IT using proprietary tech to secure gov contract

>>13480294
31yo boomer reporting in.

>>13480364
Yeah because in 25 years $1 million will only be worth $500k.

>>13480384
God don’t remind me, just walking around the grocery store yesterday and seeing how much more expensive everything was than 10 years ago and remembering salaries haven’t gone up in like 20 years is depressing.

>>13480366
Glad you have that much in stocks fren I def plan on DCAing way more into stocks in the future after the next bullrun but it seems stupid to do rn. Did you buy in dec 2017 and then not sell or something?

God you crypto’s kiddies are delusional retards, pic related is how money is made not though imaginary internet money not backed by anything. Maybe if you idiots actually had jobs and a 401k accumulating a respectable portfolio wouldn’t seem so far out of reach. Gonna laugh when you all lose everything because you were degenerate gamblers.

tfw bought 30x100 share contract for $30 to buy rite aid for a dollar each, stock reverse splits a day later, now have the ability to exercise the option and buy 3000 for $1 each when its $9 now (was 45 cents). Feelsgoodman

33 year old boomer checking in. Make +100k with a 8/10 for a wife. 60% in stocks, 30% crypto, 10% cash. Good luck fellas!

31 yo boomer, 99.9% of my money is in real estate though

>>13480426
>Glad you have that much in stocks fren I def plan on DCAing way more into stocks in the future after the next bullrun but it seems stupid to do rn. Did you buy in dec 2017 and then not sell or something?

Plot twist. It's $100 CDN. BTFO myself.

I bought in early in 2017 with 2K which ran up to 30K in various coins, then put that all in REQ in October 2017, reached an ATH of $250K and then watched it ride down back to $20K. Still up, but that gain would have put me ahead by a few years.

Oh well.

>tfw I'll be able to retire by 25

Fuck this dip was a godsend I literally thought I missed my one and only shot

are you boomers going to sell when it goes back to ATH to lock in those gains? or are you going to wait for it to go higher? what's the sell off plan?

>>13480692

The Tether implosion is not FUD, but a real systemic risk that will erase all of 2017s gains, which means Bitcoin below $1K.

I'm all cash now, waiting patiently. Unless I see the $6K resistance broken, I ain't touching this toxic waste.

>>13480737
nobody cares

market sentinment is too bullish atm + tons of bagholders are not going to sell they didn't at 3k they hell as won't with ur shitty FUD attempt.

try again on the next big fud kiddo

>>13480737
>pretending to be knowledgeable in any way
>claiming the yearly tether FUD is systemic risk
Kek

>>13480746
>>13480761

You Zoomlets have been warned.

I entered in 2013. I've been GOX'd before.

>that 30 year old boomer that is so well diversified he neither makes nor loses money in the markets

>>13480783
Pic and text related is me.

>>13480768
Exactly why i wouldn't take advice from a idiot like you.

>>13480737
See you at 6k

>>13480294
Gen X killa checkin in.

>>13480692
Gonna sell maybe 5% when we reach 10-12k, then 10-20% at previous ATH, and then 40-60% if we 3-5x the previous ATH and HODL the rest. Best of luck lads I honestly don’t see any other chance for us, I have a bad feeling stocks are gonna crash so hard they won’t recover for 15-25 years. Look at the state of our society and pop culture, do you think that’s conducive to a healthy economy?

>>13480768
>You Zoomlets have been warned.
They won't listen! So fuckin arrogant! Talkin to the Zoomies on here, I have realised there is NO hope for the place!
Such a shame, access to all the info in the world to ignorant to read!

>>13480692
I actually have a spreadsheet of selloffs (by previous resistance and such) for my primary holdings from now to 3x ATH. If all goes well I
should cash out over 1MM.

I don't trust myself otherwise. I'd hold again like the greedy bitch that I was in 2018.

Holy fuck, this thread reeks of delusional bagholders circlejerking each other into thinking they still have a chance.

>>13481418
Are you lost?

>>13480338
This anon is pretty on the money >>13480355. First time I used BTC was back in like 2014 when I was 17 to buy LSD. Didn't really hear about it again until the 2017 bull run. Now that we've made a 80%+ correction I've been slowly accumulating with wagie money.

Children/teenagers understand digital money, it's not new or scary to them.

>that 29 year old zoomber with 99% of net worth in tethers
that used to be me!

>>13481343
What’s your sell points if you don’t mind me asking fren?

>>13480692
28 year old boomer here. If we hit ATH we are in the bull market firmly for months at that point so no wait until we hit hysteria again.

>>13480983
the state of the economy has never prevented the stock markets from rallying throughout the entire post industrial core economic meltdown of production period of 1980s-Today. PE ratios are through the roof despite stagnation.

Its rigged give it up.

>>13480294
*sips* Death or glory brother.

>>13481771
>it’s rigged
You got me there, I just feel sick buying boomer bags at an ATH, we can’t keep this propped up rigged system going that much longer can we? Was the dip in December the best we’re gonna see this decade? Something tells me in the next 3-5 years stocks will be decimated and assuming we get out golden bullrun before then I’m gonna buy some cheap boomer bags after they all cash out like retards and sell at the bottom. Or it will just keep going up which seems unrealistic considering it’s been going up for a decade.

>>13481831
The way I see it I’m already more successful than any other wage cuck my age, I’ll either lose the 20-40k I’ve got in crypto or I’ll make enough to get a serious head start and maybe flat out buy a house off the grid somewhere nice and grow my own food and have some doggos and chickens. Either way big risks have big rewards at least I will have taken a chance.

>>13480294
36yo boomer with 400K in stocks and 714 XRP

crypto has been my worst investment ever but I hold on hope I can at least 2x my money if XRP takes off. If not I lose around $800 and I make that every month in passive income anyway

>>13481771
i think eventually every investor has to throw up their hands and say it's rigged, and they're going to keep rigging it. As long as stocks go up the governments can tax the capital gains. Infact, windfall capital gains taxes were actually what was responsible for the brief budget surplus of the clinton years. So its in their interests for it to keep going up forever, with a byproduct being a transfer of wealth to the propertied classes. Even if the market goes down, it'll probably go back up, until the US civilization literally disintegrates from wealth innequality and chaos in the streets.

That being said, the boomers are retiring en mass and may be selling their portfolios in the next decade or so, so it might dip. But then again, that's another reason they're fixing the market to go up, so that the boomer retiree's can pay for their huge healthcare costs.

Eventually you just say fuckit and go long. It's your only choice really.

>>13481876
might as well go to a casino

>>13480294
You'll be rich if you have money in *AERGO*
You'll be poor if you have money in *ETHEREUM*

>>13480294
If you can’t see what crypto is going to be now then just take it from me and hold that shit. Get some eth and kick back for 5-10 years and you’ll see

29 yo.

I've been out of the game, since my job has been taking up so many hours. But, I need to get back into it. I make decent money, just over 100k, but it's not "you're going to make it" money. I enjoy my work, but want more. What's the path lads?

>>13482453
retard

>>13482453
Yep these dumb kids today heh back in my day we traded index funds and made 6% gains and invested in real estate I think this new generation is just lazy. Forget that we had the easiest time to make it financially in human history, you gamble away on those internet tokens sunny CNBC told me they were a scam invented by the bitcoin company!

couldn’t be more all in
35 y/o, broke into tech late
160k TC USD base+stock, public co
zero stocks
100 ETH
VET strength x node
3500 NANO
0.5 BTC
5 BCH

>>13482237
Your first mistake was buying XRP. Literal Jew scam.

>>13481856
>>13481876
Look who stupid the masses are, then look how even more clueless the mandarins at the top running the fraud are. Don't give in until they are begging you to buy their garbage for pennies on the dollar, anon.
>>13482237
>Lost money
>Bought XRP
Well there's your problem.
>>13482443
>New paradigm
Where have I heard this before. Something systemic will break way, way before there is chaos in the streets.

28 years old, 9k in savings account, 15k in crypto. I also have 40k student loan debt.

>>13482443
With that in mind I’ll just keep putting 1k a month in my boomer stocks like I originally planned and keep putting 3-400 a week in crypto until I have 4 BTC and 40-50 ETH. I can reach that goal by the end of summer which should put me in a nice position to be a technocratic elite NEET with frens like >>13482700
Imagine if BTC reaches 1 million a decade from now and we sit back and laugh our asses off at normies in their wage cages from a beach in Hawaii having a cold drink looking over the ocean pondering how to live our lives to the fullest after escaping the Jewish system.

>>13482802
it will never happen. bitcoin is not essential to any blockchain. coins can be created and replaced. companies are creating their own coin (see JPM, IBM, etc). blockchain technology is where the money is at, and large companies can create their own. Bitcoin can be replaced

>>13482871
>this coming from the boomer who invested in XRP
Bitcoin will never be replaced. It is secured/created by thermodynamics and scarcity is exactly what gives it value. Banks printing infinite shitcoins won't change that.

>>13482923
what gives bitcoin its value? its ability to do things faster than other coins? nope. You missed your chance, the great shitcoin bubble was burst and something like that won't come around again for another 100 years

>>13482948
https://howmanyconfs.com/
How do people still not get this? Bitcoin is the most secure computer network on the face of the planet. It is protected by raw energy and hash power. It has operated for a decade with 99.98% uptime. No shitcoin even compares. Compare that to the scam shitcoin you're holding whose validators lost 32,000 blocks. Real secure transfer of value you have there.

>>13482995
>implying bitcoin-like security cannot be reproduced and will not be reproduced more effectively

ok, keep holding that falling knife you got while I continue to gain more passive income every year than you probably earn

>>13480448
i'm a boomer with both, though i put more in 401k and ira then i do in crypto

>>13482633
>no bat
Why don't you wanna make it anon?

>>13483079
did you really buy xrp over btc?

>>13480294
I'm about 30/70 in crypto / stocks respectively. Am I a part of the 30yo boomers?

>>13480384

>Yeah because in 25 years $1 million will only be worth $500k.

Are you on drugs? Have you seen a chart of the US debt over time? It's rising exponentially, not linearly. Obama's 16 trillion bank bailout alone will kill the USD when the interest kicks in during 2020.

>>13480692

You have maybe 2 days to buy LTC

>>13480737

>800 million "missing"
>in a 1.5 trillion USD market

Sure thing bud, buy buy buy

>>13481418

>where do you think you are

It's nice to see you panic-buyers come make fun of us now. It makes the tears extra delicious.

>>13483079
Nice cop out. No one has figured that out yet and Bitcoin is still king. If and when they do I will gladly fill my bags and it will probably be before you even hear about it. I follow this space like a hawk. I'll have just as much money if not more than you do by the time I'm your age. You clearly don't understand Bitcoin so there's definitely no fucking way you understand projects like Urbit that are likely to go on mega moon missions in the next 10 years.

>>13483118
i bought XRP because of Ripple the company simply as a speculation buy.

i'm an investor, not a trader

>>13483135
>he doesn't understand inflation

>>13483179
until then, enjoy your mum's basement and tendies

>>13483201

Buddy, there's around 12% inflation in USD per YEAR now. In 25 years, your 1 million USD would be worth the equivalent of 60k today. And that assumes inflation doesn't go way way way up. And it will.

>>13480448
I'm gonna laugh when your tech bubble backed by lines of code explodes and crypto was the actual tech to invest in

>>13480448
I already max out my 401k, can I do crypto shit without judgement from you?

>>13483241
you're full of shit and its been hovering around 2% for the last decade and not increasing

https://www.usinflationcalculator.com/inflation/current-inflation-rates/

you should read more

>>13483281
maybe its not 12%, but you're dreaming if you believe the gov numbers of 2%. They dont include all the shit that actually is going up in price, like housing, healthcare etc, and they make all kinds of hedonic adjustments downward for technological "advancements".

If you were to calculate inflation the old 1980 way, it'd be more like 6-8% per year. Which is enough to cut your money in half every 12 years. That's not counting houses and medical bills.

>>13483281
Cans of spray paint and gas have gone up like a dollar each in the past 2-3 years man it might not be 12% but it sure as shit isn’t gonna hover at 2%.
>>13482995
The fact drug dealers can go to bitcoin ATM’s right now and use a fake phone number and ID to deposit 5-10k in fiat and buy BTC will keep this market afloat not even taking into account the actual value of the tech you are explaining. Didn’t bitfinix get caught up in handling cartel money? Brainlets don’t understand the scope of BTC and here’s why that’s a good thing.....we will see 50-100k BTC next bullrun and laugh in their faces.
>>13483127
You need more crypto to be a cool boomer in this thread fren. You can take your poorfolio to /wage/ general though. Considering we’re speculators maybe you will be the one laughing in our faces in a black swan event but I highly highly doubt it.

>>13483233
I don't live at mum's house, silly. I'm 27 and I work two jobs.

I'm 27 and the only stocks I own are the free referral one's off Robinhood

>>13483497
>>13483332

purchasing power is not the same as currency inflation. purchasing power rises and falls based on scarcity or increased cost of production or whatever. US currency inflation is a completely different issue

>>13483560
invest in VOO and max out your 401K and a Roth IRA then use play money for crypto. You'll thank me in 10 years

>>13483604
I’m in VTI and dumping 25% of my paycheck in my 401k, I plan on continuing to put 1k a month into boomer stocks but my biggest investment the next several months is gonna be crypto my man. Maybe you’re right and I’ll eat my words but I have that feeling i won’t and you will be the guy crying about not buying BTC when it was under 10k.

>>13483604
I appreciate the advice. I will be accumulating crypto for the next 18 months though. There is simply far too much going on in the space to ignore right now. Once I hit my target bags I might divert some of that cash flow into more conservative investments.

>>13483782
god speed anon, i hope we all make it. I just don't see a long term competitive advantage of BTC if it can be replicated or improved upon.

>>13480315

Ive made 10% on the stock market this month, tangible businesses and not some flavour of the month shilled scam coin

Anyhow hopefully your one 200% coin will out perform the losses you have on 30 other loses

>>13483604
>purchasing power is not the same as currency inflation
stopped reading right there.

bootlicker detected.

There is no way to determine whether its prices going up or currency going down. The definition of inflation is rising prices. Ie, Price Inflation. All prices are always in flux. There is no way to isolate one portion of raised prices and attribute it to currency inflation versus purchasing power shifts. Think about what you are saying for 1 second god no wonder these brainlets are wage slaves.

straight up fellow 30yo boomers if crypto fails I am just up to some stupid shit thats for sure

Yo, fellow booms. Should we just be buying shit on margin? I feel like companies giving margin for 5% or less, it just makes sense to buy VTI and hold it. Leverage it and make a ton on top. If it goes down, sure we're fucked, but if it goes down we're probably fucked anyway.

>>13480789
literally me

>>13483861
We’re all gonna make it breh, all the anons ITT with a positive mindset are gonna escape wage slavery and be happy if that’s what they want.

>>13485056
just got my ledger nano
when opening the box I was just thinking wtf am I doing here in this clown world

>>13485310
You’re on the path to making it fren we will all have a good HONK about these threads 10 years from now mark my words.

>>13484058
Gee almost as if we use baskets of goods to see a general trend rather than single goods. You absolute moron. No wonder you'll stay poor.

>>13480338
Lol, obviously you haven't spent any time on the turtlecoin discord. The average demographic is 30 yo boomers with a few ACTUAL boomers as well.

It's essentially boomercoin.