/biz/ - Business & Finance

Life is a gamble you stupid fucking idiot. Choose red or black or green and never let go. Ride it to the top or clutch it all the way down, the house always wins.

by having a clear edge over people like you

>>27964889
>I'll readily admit that I don't understand crypto well, by any means. But this shit looks like such a gamble.
Speaks for itself.

>Full of shit coins and literal scams.
Just like stonks

>Honestly what's the point?
Profiting in an emerging technological frontier

It is gambling, but the odds are good if you learn the game, much better than the casino. The reason people do this is because it is too hard to 'make it' the traditional route of wage slaving and 401k/etf/mutual fund investments which take 20 years to make 1mil. I started with 20k and made 1mil 3 years into starting crypto trading, and now in my 4th year (this bull run) I am close to 4mil. Of course short cuts aren't meant to be easy, just put in more work than 90% of the other people on this board and you will make it.

>>27964889
I’m a single man living in Clown World with nothing to lose. I’ve achieved massive gains investing in crypto. Yes it’s a gamble, but do you think I’m gonna stop rolling the dice? Not a chance, faggot.

>>27964889
Yeah, it's a scam, but it's a lucrative scam for the time being. Take the money while you still can.

>>27964889
100% gamble besides bitcoin. Even ETH is a decentralised unlimited supply headed by a fucking alien looking cunt shitcoin. Literally not read a single convincing write up.

>>27965183
>Just like stonks
Yes, but there's a legitimate profession surrounding it and you can make real value based decisions to generate safer returns.

>>27964889
They're only a gamble if you don't bother reading the White Paper, researching the whales and books about them.

>>27964889
Yes, it's gambling. But I'm not going to wagecuck for 45 years or even longer, fuck that. At least I can gamble while being a neet.

>>27965438
This, hence all in Rubic.

The future of the fucking world.
>just a gamble

>>27964889
never buy high, if i see something 2x recently I wont buy. I buy things that just went down alot and make money EVERY time.

stupid retards fomo and give me money

>>27965438
>there's a legitimate profession
Gender studies-tier profession, to be honest.

>>27964889
the point is you must get unlucky to lose but you can minimize your losses
you don’t need to be lucky to win but you can win and get lucky

>>27965438
then go invest in stonks

Imagine going to Vegas and walking up to a high roller and being like "Hey man, you know this is just G a M b L i N g RIGHT??"

Enjoy your 20% yearly ROI.

DYOR

>>27964889
>I don't understand crypto
>looks like such a gamble
>What's the point?

NGMI

>>27964889
It's the wild west meets the stock market. If you're a retard, you're going to get fucked. If you're smart, there's no limit to have much you can make. It's not a gamble at all.

>>27964889
It is a gamble.
So?
GTFO here faggot coward.

>>27964889
I'm making so much money in this shit
I don't know what the fuck you're rambling about but you sound like a giant faggot

>>27964889
Is gambling not fun?
Is this Reddit? Where did all the testosterone go?

>>27965438
>legitimate profession surrounding it

And why would I want to compete with legitimate professionals who study this shit for 12 hours a day? Crypto is mostly rich retards and their 'smart moves' are generally just using their capital to brute force the market in some caveman-tier way. Much easier to make a profit.

>>27964889
It's not a gamble if you bought early and are holding through every crash. It's always coming back stronger.

>>27964889
"playing it safe" is a suckers game. I understand, but you've got to get over it if you want to make it in any way, shape, or form.
starting a business is risky as fuck, hoping you won't outlive your savings is just as risky.
all you can do is learn and take advantage of the risk/reward paradigm. if you win 20% of the time but that 20% is a 20x, you're killing it. blackjack isn't gambling if you know how to count.

>>27965202
newfag here. any recommendations for resources to get started on putting in work?

>>27964889
It is gambling, with the added possibility that you might be able to discern how the probabilities are developing on a slice of the table if you analyze the table enough.

>>27965438
>the virgin 30% annual growth versus the Chad 700% annual growth

First off, gambling is fun. Secondly there are ways to mitigate the risk, research, diversify, take profits, DCA in. What you are saying is basically akin to people saying fps games with spread are luck based because to some degree the accuracy is rng. Thirdly most of life can be called a gamble, you gamble your life away everyday you drive for the benefit of getting somewhere, you gamble that bitch you marry wont screw you over.

What else would you do with your money? hold fiat while the govt doubles the supply in a year? buy a house when the market it could crash anyday? stocks? silver? everything is a gamble to some degree.

>>27965438
Ok fag.
Bitcoin's beta is about 8.
Now go, actually do this, go and find a ten year chart and take annual returns from it.
Now do the same thing on the S&P.
Compare the average annual return on bitcoin to the average annual return on the S&P the past ten years.
You had 8x the volatility in bitcoin. BUT on an nominal basis you got paid 2700x more. On a risk adjusted basis you got paid 900x more.
Guess what else. If you had a portfolio that was 90% cash, 10% bitcoin, past ten years, you absolutely smoked a 100% equities portfolio and you did it with a fraction of the risk.
So tell me again about making "safer" returns.

>>27965438
>Yes, but there's a legitimate profession surrounding it
are you kidding me?
>you can make real value based decisions to generate safer returns.
holy shit you are serious.
Tesla makes no profit yet is one of the top stocks.
stocks like GME are manipulated easily.
What real value based decisions are you talking about?

>>27965202
Explain your methodology, if you don't mind.

>>27968444
Based, redpilled and checked