/biz/ - Business & Finance

>>25255972
the eternal boomer

>>25255972
He dont know the 2021 will be over 100k? Watanub?

Financial peace like the book behind them says.

So if you sell you will be more peaceful since you wont be wondering what if or should you etc.

More money more problems.

Its crazy someone had to call in and say those words for it to hit him. Like telling him the yield since 2014 is 10000% or whatever didnt impact him, but 1 example does

>>25256203
Balls deep or die is my only tactic!

>>25256356
Calculating % is a very hard mathematical stuff!

>>25255972
He's right though, you can never cash out.

>>25255972
OY VEY GOYS SHOULDNT HAVE THAT MANY SHEKELS

Someone should call in claiming they found an old hard drive with a wallet holding 1000+ bitcoins to see how he reacts

>>25255972

A lot of people from traditional finance have a hard time coming to terms with Bitcoin, boomers or not.

is there a dave ramsey token?
$WEWLAD

the only guy in the "financial scene" or whatever you want to call it dumber than Peter Schiff

>>25256060
>the eternal boomer
eternal boomer is a good description

One tell of an idiot-rich or not-is that they offer some sort of tell that they are not fully informed, despite having a strong opinion.

Not knowing that you can easily liquidate $100k in BTC is a red flag on cryptocurrency knowledge

RUN GOY RUN

They've got to be acting though right?
Theres no way they actually believe its impossible to cash it out

>>25256675
>the only guy in the "financial scene" or whatever you want to call it dumber than Peter Schiff
The dude shows that people will take outdated, misinformed, or otherwise shoot from the hip advice from a rich person

>>25255972
He is absolutely right about the fact that by not cashing out you are reinvesting.

Here he is telling a guy to use all his life savings to pay off his fiance's debt

https://www.youtube.com/watch?v=jq0knSV4aO8

>>25256675
He's helped a lot of boomers that cant manage money for shit. He's not an "investment guru" Just a common sense money manager.

>>25255972
>that should scare your brains out

>"YOU'RE PUTTING YOUR MONEY IN CODE"
>"YOU NEED TO PUT IT IN SHINY ROCK"

>>25256798
The funny thing is he doesn't even believe in shiny rocks from what I've watched of him, he basically thinks everyone should just put all there money into a 401k and bonds and they will be fine for life

>>25256748
People will take any words from anyone as long as they like the sound of it. The amount of reckless ignorance I've seen in the discourse surrounding xrp is mind-boggling.

>>25255972
>"Bitcoin is going BYE-BYE!"

>>25256798
He doesn't even sell shiny rocks I think, he peddles bullshit "15% ROI per year" mutual funds that don't exist
but we all know he makes his real money selling books for financial retards

>>25255972
what level of boomer civic nationalist are you when you hire a fat nigger to sit next to you and agree with everything you say?

>>25255972
I like how he gets so angry in this video. Here you see the kiked boomer seething because a youth has escaped his housing ponzi scheme fueled by unlimited debt and unrestricted immigration. Get fucked, Ramsey.

Is there any other place where I can read/listen to people's financial trainwreck? The callers on his show are sometimes hilarious.

$100k for a tuba degree? lmfao

>>25256747
His mind just can't accept that an investment as profitable as that can exist. So in his opinion, there must be something wrong with it or is it some sort of scam.

Traditional finance people find it very hard to get out of their learned paradigms

See https://www.citadel21.com/why-the-yuppie-elite-dismiss-bitcoin


This skepticism is bullish btw

>>25256927
It is the only thing the kikes have let him have and now it's slipping away.

>>25256957
yeah that's what I used to watch his clips for
I'm cut off now, I need my fix

>>25256984
>https://www.citadel21.com/why-the-yuppie-elite-dismiss-bitcoin
do they jsut refuse to do a little research? Even if you don't believe in something its obvious that you can exchange it for usd in a very liquid market 24 hours a day 7 days a week

>>25257042
I think people just tend to be lazy and close minded. Or too passive

>>25255972
>If you reaally can cash it out, and uhhm..
Has there ever been a mainstream story about people being unable to exchange their Bitcoin for USD? or is he just in denial?

Dave just dropped a new video.
Save money to pay off your fiancee's 100k student loan debt

https://youtu.be/w8NpHV07kNw

>>25257307
what a cuck faggot

>>25257232
>Has there ever been a mainstream story about people being unable to exchange their Bitcoin for USD? or is he just in denial?
The only way that would happen is if you lost the keys to the coins (not a liquidity issue; just access) or if the exchange you were on didn't have a bid side.

The price on exchanges would go down before you had problems liquidating. Ergo, he makes himself really look like he doesn't know what he's talking about

>>25255972
> ....but you're probably not going to be able to cash it out.
> that's right, Coinbase doesn't have that kind of money lying around, they are going to say something like "sorry, can't cash out, we're just a scam you know"
> it's not like making $100k on stocks, this is a scam, you're probably going to be asked to deposit money into a Nigerian bank account to gain access to your bitcoins
> You're money isn't real, ok!? I highly, highly doubt you're going to be able to cash that money out.
> I'm very suspect.
I haven't laughed this hard in a long time, thanks OP.

>>25257042
I read it and I think he's got it, it's about the red flags. There are boomers who don't know what a nigerian scam email or automated messaging bot looks like, while we are used to reading them. If your first contact with bitcoin was someone trying to explain it in the nigerian email format, you wouldn't even open it, and you would ignore subsequent attempts too.

>>25256770
> He is absolutely right about the fact that by not cashing out you are reinvesting.
Not from a taxation point of view.

>>25257495
ok but you can google bitcoin exchange and see its legitamate
do they just ignore all those famous boomer tier investory who t alk about btc all day long?

>>25255972
Btw is this recent? Is this clown actually giving the financial advice to cash out a 100x profit just before new years? Such that when he reinvests it after new year in Boomsey's boomer stocks that immediately crash, he will be hit with a $20k capital gains tax that he now can't pay? This fucker should be in jail.

>>25255972
I made this thread yesterday.

Why are we beating dave up? He deals with NPCs...most NPCs dont trade and dave gives solid advice on how wagie gets out of debt.

Thread is dumb. If i want to invest and trade ill listen to Cramer or Claytrader.

99% of the posters herer wont 'make it'..most will get greedy after a few wins and go all in and have their face ripped off

https://www.youtube.com/watch?v=_sdHkymiclc

this one is even better. start at around 1 minute mark. the normies at colleges are using their loan $$ to escape their perpetual slavery to moshe shekelstein and dave has a big problem with it

>>25256439
I cashed out link at $17. Was as easy as clicking s fee buttons

>>25257752
I made it a a day before you but no one replied :(

>>25257894
>if i want to invest and trade ill listen to cramer
>dave gives solid advice
are boomers really this dumb?

>>25257898
Holy shit this is great. Dave is so mad.
BTW when this vid was posted BTC was $6300

>>25256957
"100k in debt, my god"
>face palm for a few moments
"Well have you tried killing yourself?"

>>25257898
holy fuck i would not think 21% of students are that based...
taking money from the jew and taking it out of their system forever
they are literally funding their death

The strangest thing about salty nocoiners is they all have this bizarre belief that nobody ever actually makes any real money off of bitcoin/crypto, because they think you're not able to ever cash out.

like nigger, do you not know how an exchange works?

>>25258080
he knows exactly what hes doing, he acknowledges in the clip that crypto is going to be probably going to be a legitimate asset class one day but somehow all his viewers are going to lose ALL their money if they invest in it. he uses scare tactics to emotionally manipulate them.

Also love his moral outrage at college kids illegally using their predatory student loans to invest in something other than their worthless degree which will never pay itself back. its okay for schools, counselors, and parents to lie to them about the actual cost benefit of a degree though

>>25257721

>Not trading your BTC for gold then selling it at <$10000 at a time for USD

Are you fucking idiots new at this or do you just love giving your money to the govt so they can give white trash, niggers and other invalids benefits they don't deserve?

>>25258230

Works like a tulip exchange, of course.

>>25258297
Yeah I just saw that part. Thought it was very weird. How can you say that cryptocurrency will probably succeed but then absolutely shit on bitcoin?

CANT CASH OUT AAAAAA

Lmao this shit is like fud bingo, 10/10

>>25258456

Crypto is values as it is because people trick each other into thinking it will succeed. Imagine actually paying $26,000 for vaporware kek you idiots never cease to amaze me.

Don't hate on my man dave

>>25258507
Hi Peter Schiff

>>25258507
actually a lot of us paid a fuckload less than 26k. we took out a lot of profit along the way and now we have all this cash and this 'vaporware' as you call it. stay mad poor person

i mean, he's not wrong. the guy has 100+k in bitcoin, that should scare most people. the guy calling in sounds like he's still thinking of it as his original 1500 dollarydoos

>>25258487
Its not fud, it just shows how little most people still understand about bitcoin, if anything it is extremely bullish.

>>25257752
Actually, I was the one who made it.

>>25255972
I don't mind Ramsey because most people need to be screamed at and belittled because of their financial situation.
Boomers only react to being told off and things being laid out to them like you'd do with a retarded child.

There's a girl I work with who was an absolute skank in heat for most of her life. She was able to turn her life around using Ramsey's methods.
I, on the other hand, don't need to be told not to spend money I don't have or be humiliated after putting myself into financial slavery after buying a $70,000 Audi on a trucker's salary.

>>25258635
thats why you'll never escape the middle class

Dave’s advice isnt to make someone rich. Its for a below average shlub to maybe become maybe average. But its likely none of these retards will ever achieve that. They just buy Dave’s books and consume his content, and make Dave rich. Follow Dave’s actions not Dave’s words. Just like that Tony Robbins piece of shit. Give uncle Tony your money to invest.

>>25258507

Money isn't real

>>25258828
you know damn well the caller has no intention of doing anything related to "investing", he gambled. hell, the caller explicitly said "hey i spent 1500 and just forgot about it for a while". that's not an investment and his mindset is fucked for longterm planning.

>>25256984
He can't wrap his mind around crypto, but he made most of his money on real estate, which is just as risky in my mind.
He's just old and set in his ways, that's all

>>25255972
NEVER EVER GONNAA MAKE IT POOR DAVE

>>25257042
>do they jsut refuse to do a little research?
Yes. Narcissism creates weird intellectual blind spots. The Citadel21 link does a good job of explaining the personality type - blind faith in a broken system precludes facing uncomfortable truths.

>>25258916
>he gambled
and? if you sit me down at a roulette table and tell me the risk is i lose 1k but if it hits i'll make 100k, i'd take it every time given the odds are above 1%. the odds were realistically much higher and if he doesnt sell the reward is much higher. in fact the rewards if he holds another year make so a 1k investment has potentially a 1M payout.

>i hope you can "cash it out"
>BITCOIN is "more than risky"
what planet are these fucking retards living on?
i wonder what dave would think about shitcoin pump and dumps.
GREEN BARS BITCH
MONEY
GET FUCKING PAID
401K? IS THAT DOLLAR AMOUNT BECAUSE IF IT ISN'T GET OUT OF MY FACE

>>25256439
Do people actually still believe this? It took me like 10 minutes to cash out $10k a few weeks ago

his body language is so defensive
i mean he's probably a successful guy so has some sort of strong will / beliefs, but he can't just cope with the fact that he is wrong.
his bit about liquidity is 10% right, there are times like in March where liquidity (for whales not small fry) just evaporates.

>>25256775
Holy shit

>>25255972

So what happens if your bitcoin wallet gets hacked? You will lose everything, at least with a bank account there are laws in place that will help you recover any lost money. What would happen in the event of a worm that infects the worlds devices and cleans out all the wallets, it would crash the entire currency.

>>25257898
topkek. He's predicting students will be crying and whining - while he is actually the one doing caterwauling.

>>25257752
I thought I made it

>>25257894
>>25258059
Dave's audience is composed of retards, yes. Unfortunately, the vast majority of people need to listen to him. Too many fucking retards get in debt and don't know how to make a basic budget or retirement fund. When someone calls into his show and goes, "I made $100k on Bitcoin!", it puts him in a difficult position because a lot of his retarded listeners are going to fuck themselves over with it lel

That, and him being a boomer means he doesn't understand jack about crypto, "funny money" they call it

>>25255972
He can't believe someone turned 1,500 into over 100k in a couple of years, wtf, I've seen people make hundreds of thousands in just hours with a couple thousand before

>>25256775
dave is operating under the mental model that spouses get married young and have long faithful lives together. you cant blame him for this naiive optimism from his youth in the southern usa.

>>25259403
retard tech illiterate spotted
do you even know what cold wallets are?

boomer faggot

>>25257232
yes. try messing with any alt or sell btc during a drop. your not getting the price on coin market cap

>>25259858

I don't think you'd say all that to this gentleman, he gave so much for you and you sit here proud of yourself for trying to debase the value of his life savings with your chinese hacker coin shit.

If you hate america so much why dontcha move to afghanistan and see how well they treat you son.

>>25256830
>into a 401k and bonds and they will be fine for life
I mean, assuming you have a few million to make this worthwhile, this is unironically what I'd be doing myself

>>25260341
lurk more boomer faggot we dont give a shit about cannon fodder that gave up his legs so Tyrone could fuck his daughter

>>25256830
He's bluepilled about a lot of investments but he does not endorse bonds.

>>25259762
Yeah, you’re right and it’s a shame it’s not like that anymore. Still a bad idea to pay off your girlfriend’s debt though, the caller in the video didn’t seem very confident either

>>25256356
I'm surprised more bizlets weren't calling in and trolling him about gains years ago

>>25260341
You let Nixon off easy for killing the dollar in 71, boomer. So be it

>>25255972

>Me watching this with 400k in btc

Imindanger.jpg

The way "Daniel" talks doesnt sound real. If you listen to just this Daniel caller's lines
>can you cash it out
>for sure

>cash it out
>*chuckling
>yeah, right

He's so...There's a very real possibility he is making the whole thing up cause he's angry at Ramsey for shitting on his "funny money".

>>25258452
a lot of wealthy people made their bones selling tulips. I certainly did in 2018

>>25260341
It's always sad to see a man lose his limbs for israel

I love how he says "if you can even cash out" lel you fucking boomer. My friends ask me this too.

>How much did you make off bitcoins?
>50k this year
>Yeah but like how much did you cash out

>>25260341

Lol what a pussy ass faggot. I only respect veterans that dont get blown up. Lmao

>>25261212
I think he's chuckling because Dave is being such a predictable retard

My favorite line from the whole thing is
>"this is one of those things where ... you're hearing about these things out there and it sounds to good to be true; it is"

>>25256439
literal classic textbook coping mechanism

>"oh well i dont need to feel bad about missing out cuz i couldnt cash it out anyway heh"

Except you literally can cash it out

>>25261468
Kek I love it. This just tells you how early we really are.
>>25261212
He chuckles because it's been his best investment so far and Dave just says to cash it out, while showing how out of touch he is by questioning whether Daniel even CAN (because it's funny money) err, money he doesn't understand. Shit writes itself

>>25261754
he's lying. Why did he call Dave in the first place for advice if he has that attitude? Makes no fuckin sense. And who replies
>for sure
when asked if you can cash out today. And he's so nonchalant about having bunch of money
>i just bought it in 2014 and forgot about it, like whateva, so I called you to hear what you think even though I already know what you think about crypto and I disagree with it.

He believes in crypto and called Dave to show Dave wrong, because he's just like most of posters in this thread. Use your brain, people always lie.

>>25256439
>He's right though, you can never cash out
You’re legit retarded, right? Sub-100 IQ? Why the fuck is it at 26k other than people are buying it as soon as it hits the exchange. It’s never been easier to cash out. And the lovely thing about Bitcoin is you can cash out only the fraction of your holdings and leave the rest untouched. It’s much harder to shave a silver off a gold bar. Fucking boomers.

>>25255972
I used to like Ramses but it's obvious his methods aren't to become rich in this current timeline

>>25258635
>should scare most people.
Faggot i lost twice that on link dumping from $20. Not selling and not scared. Either you are meant to stay poor forever or you aren't.

>>25261979
hi dave, still seething over this phone call huh

>>25256439
umm there's literally tens of millions of dollars of liquidity

>>25262131
Hi, Anon, love your quick wit, nobody else would think of that joke.

Hi dave i pulled a 20,000% on a fork of a fork of a shitcoin this year. Should i diversify?

>>25262050
>It’s much harder to shave a silver off a gold bar.
quote of the year

>>25262106
If you’ve mastered spending less than you make. Then this is for you.

>>25262106
Step 1) Rice and beans
Step 2) Pay off Debt
Step 3) ???

>>25261979
He's probably not lying but he's definitely not asking for advice, just calling in to rub it in Dave's face and make an outstanding meme for the history books, which he was flawlessly successful at achieving

I made over $100k already from my initial investment of $3,000 in early 2017 just by buying low and selling high, though of course yes I also put more money in after that

It's not unrealistic at all that he could have accumulated 4 bitcoins by now if he were already in in 2014, let alone 2015, or 2016

>>25256775
I knew a guy who did this, paid for his wifes entire college tuition. After she graduated she divorced him also within the same week. He worked a shit labor job, she went to college to be a dental assistant.

>>25255972
We need to organize a PNK shill raid on his show

>>25262545
Wouldn't be too hard, would it?
A crypto based raid of any kind would be hilarious

>>25262374

Yeah for sure, btc was like $500 in 2014 he could've done that ez

>mfw i had a 4 btc balance on SwC poker and sold them for 5k usd total in 14-15 cause i quit poker and only cared about crypto as a way to play poker in the usa lel

>Muh Bitcoin
While you could've had 100x returns in stonks

>>25262374
No, I agree with everything you said. There are plenty of people who made serious money off BTC. I just dont believe THIS person owns serious money in any form, BTC or USD
He just doesnt talk right, and I think he's a liar. If you called Dave, you'd sound nothing like him.

>>25256859
This. Dave Ramsey mutual funds are the real scam. Kiyosaki also peddles some crap, but at least he hodls.

>>25255972
>Ya....if you REALLY can cash it out...I hope you can....cash out
>...Be smart do long term investing
>You pulled of this crap once and its gonna tempt you to do it again
>Silly...high risk investment...at a MINIMUM thats what bitcoin is

>>25256693
Imagine being such a fucking FUD gatekeeping faggot you scare your audience into believing they can't even cash out their BTC for weimar tier USD.
>Just buy my fund anon you'll make 12% (before fees and 10% after and -5% after inflation)
>>25256854
He makes it sound good like he's some hard nosed grandpa with a sweet spot and has the secret they've been keeping from you.
Unless you are in absolute bottom tier of financial competency then Dave Ramsey is the last person you should listen to as he will literally add decades of working years to your life by following his advice.
>>25256957
I truly believe half his callers are trolling him. >>25257894
Because we can and because he also mindfucks people who aren't total retards and just don't know any better

>>25255972
That was hard to watch. Has this boomer actually not done his research? He legitimately has gotten to this point where he doesn't think its possible to "cash out" of BTC...lol

>>25256925
OVER 9000

>>25256925
>what level
Literally the typical level. Have you Diamond and Silk?

>>25260043
poor retard detected

>>25258591

If you bought at lets say 5K you're only up 500%. Stay mad that you didn't buy in 2011 you casual.

Lol someone should tell this fuck about DeFi that'll probably put hair back on his bald prick head

>>25255972

This is really boomer central. I expected them to have a clue by now.

>>25264086

I made 300% buying PIC before it brought XL public. Took 1 month. How long did it take BTC to jump 300%? Stay poor, memecoin faggot.

Hmm, watched second video. This guy is really Jim Cramer / Jerry Springer tier. For some reason I assumed he was more like Jim Rohn or Ken McEleroy or something. How wrong I was.

>>25264160

Congrats fren.

>>25262376
Why is this such a common story?

90% of humans aren't capable of understanding finance or basic mathematics. That's why most people fail at investing and drown in debt. Dave Ramsey is for those people: If you are financially illiterate you are better off paying off 100% of your debt as soon as possible and never investing in anything except bonds and index funds.
Successful people understand if they have a good business idea they can take out a loan and leverage that money to become wealthy. Dave Ramsey is not for those people.

>>25255972
He's not wrong about how you are reinvesting your money every day in the things you are invested in. You should always treat every dollar you have invested as if you just gleaned it off your latest paycheck, instead of considering it 'house money' because it went 10x and you already cashed out your initial. A dollar is a dollar is a dollar and you build wealth by considering every dollar in your possession as a precious thing to be invested like you have skin in the game, because you fucking do.

He's wrong about bitcoin generally because he's clearly a normgroid boomer who's never looked into bitcoin and why it's an ideal currency, store of wealth, and investment for the 21st century, and especially for 2020/2021. He thinks it's funny money rather than the indisputable new paradigm that it is. Realistically, even after thinking about every dollar you own being an irreplaceable precious thing, the right answer is going all-in bitcoin. And splashing some ETH/LINK/XMR if you're feeling cheeky. Because stocks, bonds, real estate, fiat are all dogshit investments in Y2020, either overvalued by a magnitude or being debased more and more daily thanks to the efforts of the FED.

>>25264059
"dear dave, I invested $10k in the HOTDOG presale and turned it into $10MM 3 minutes before it rugpulled. Was this a wise financial decision? Please bear in mind I am sitting on a mountain of cocaine and have three high-tier escorts hoovering on my cock simultaneously, even as we speak."

>>25259328
>his bit about liquidity is 10% right,
this is true for any asset though, see '08 and march '20, stocks/bonds

>>25255972
all those years of boomer analytics destroyed

>>25262376
Could this be a potential lawsuit? Seems like he has a good case for fraud given the timing.

>>25257898
i almost pissed myself laughing at this

>>25256439
The newfags replying to this unironically need to never post on /biz/ again

>>25255972
>they don't get it

BULLISH.

All in UNN.

>>25265081
In the real world, yes. In the clown world we live in where all judges and juries and lawyers are women. No.

>>25256854
Take your meds, xrp is going to 5c

I watched his show for 2~3 weeks and stoped it's too repetitive

>>25255972

Welp... looks like we've arrived at this point again. Where another poor soul finally realizes that crypto is a scam because you can't cash out.

You LITERALLY can't fucking cash out. Seriously, try it. You wasted all your money on internet bucks. There is no way to convert it back to fiat. All those "exchanges" that claim to deposit your money into your bank? Those are scams, the deposit never goes through. All those people saying it isn't a scam? They're shills for the scam "exchanges."

Anyone who tries to refute this post is a scammer shilling for scammy exchanges.

>>25260043
what? top kek during big drops is when there is the MOST liquidity because people are shorting/getting liquidated with leverage and liquidations = big LIQUIDITY injection

>>25265613
It’s not possible for gold to live into the future.

>>25256775
Der Eternal Boomer

>>25256777
He gives horrid advice.

>>25265081
Women are always right and your post is actually down right anti-semetic careful goy or I'll give your account a strike.

>>25256203
>less opportunity more cope

>>25255972
I downvoted the video because it opened in web browser instead of the app.

>>25256439
You won
Quality bait

>>25257489
I just cashed out my xrp for a 1000% loss on Coinbase

>>25256775
I find this naive southern boomer mentality hilarious. This guy probably victimized at least 5 young mens' lives. I'm willing to out money in this.

>>25256925
The same level where you tell young men to pay off a woman's debt in the age of Sodom and Gomorrah 2.0
>Der Boomer

>>25259325
It’s fud or niggas memeing. When Bitcoin was hitting ath late 2017, there was tons of threads of anons telling each other to sell because it’s “fake money” and you can’t cash out.

>>25267447
but anon... you CAN'T CASH OUT

>>25259403
>Wtf us cold storage
Next point faggots like this will bring up is "WHAT IF AN EMP STRIKE" Well, in that case, your stocks, bonds, and bank account will be fucked too. You know why, right? ITS ELECTRIC AS WELL.

>>25256439
I love this meme so much. It actually works on/scares noobs. Still. In 2020.

>>25264160
are you gonna buy psth boomer?

>>25264241
The average man is a simp who will sacrifice their own well being for simply the POSSIBILITY of eating out Chads/Tyrones left overs

>>25265613
You can buy gold with it
Look up Jmbullion

>>25267777
Checked and kekked. It spooked me when I came in 2017

>>25265613
See pic related
At first you could only use Bitcoin to buy gold, but now more and more dealers accept other forms of crypto. Another dealer accepts XRP for gold

>>25267777
checked
and yeah it'll only get easier to cash out in the next few years as coinbase ipos, paypal and maybe square flesh their shit out, etc

>>25268072
>XRP for gold
true schizo

>>25255972
Dave is a huge boomer meme but you have to cut him a little slack because most of what he does is meant for room temperature retards who would never be able to handle any kind of investment.