/biz/ - Business & Finance

how much real dollars and euros are on binance? :')
good luck cashing out

>>28444387
>>40% of US people have "made it" with crypto and are now in the 1-5M USD range

99.9% of people who buy crypto will ape in 2k at 500k btc then sell it for a car or something.

good thing im not in the US

>>28444387
>made it with crypto
so like a hundred people?

>>28444898
Yeah most people can't HODL long enough to see this out come OP

>>28444566
this, just because paolo prints 1 bill in funny money, doesnt meant there is actually 1 billion inflowing.

>>28444387

132 million people worth $1-5m each.

Two trillion USD in circulation.

>>28444387
>2030
>make $5mm off of crypto
>$5mm buys a loaf of bread
shouldnt have cashed out into fiat feelsbad

>>28444387
>hurr durr everyone has their life savings in crypto!
No.

>>28445308
I meant it more like, if this starts to happen either there will be massive inflation, or massive civil unrest
I don't really think it's that easy to just cahs out 1M$ and just chill for the rest of your life, seems too easy desu
I'm expecting major fuckery from the government

>>28444387
You do realize Shaniqua and Kevin are only putting $100 in Robinhood BTC right? None of these people can afford to put more in, and those that can, think it's a scam.

>>28444387
Normies are waaay too emotionally retarded to make it with crypto, look at how a bunch of redditors fell HARD with gme.
Now imagine your average normie wagie who spends all day working and watching sports, how will he react to sudden spikes of 30% ups and down every 20 minutes they will FOMO and panic sell all their savings directly to bankruptcy. Normies fail at boomer stonks, they are 100% destined to fail at crypto even harder.

>>28444387
that's not gonna happen. the average person is too scared to put even $1000 into crypto. the people you see "making it" on here are a small minority of the population, the average person is just wageslaving and waiting on the next stimulus check

>>28445513
>>28446025
that's based if true
are we that early that just randomly investing in crypto while diversifying will garantee like 2x every year?

>>28444387
40% of US people bought BTC <10k like us?
Doubt it

>>28444387
normies arent in stocks and crypto. itll just be us ruling the earth

>>28444898
Go back

>>28444387
>40% of US people have "made it" with crypto
This will never happen.

>>28445536

Even right now it’s all a joke. Total stock market worth 50T. US housing market 30T. US commercial real estate market 16T. Total of just those three is almost 100T.

>>28444387
Simple:
> Fiat is replaced by CBDC's
> Crypto lose its connected value in Fiat overnight while it recalculates to CBDC's
> All businesses are required to accept CBDC
> Crypto exchanges no longer accept Fiat
> Conversion rate between other Crypto's and CBDC's generally makes it so you have less purchasing power

If 1 BTC = $100k Fiat, 1 BTC = 1k CBDC

>>28446192
This. All this posts on /biz/ about echo bubble and dcb and shit at <10k

>>28444898
This.
The vast majority of people who will ever invest in crypto will NOT make it. They might make a decent amount of money but they'll get greedy and hold through the beginning of a bear market and lose 90%
Or they'll get in right at the end with like $500 etc.

The only people who will make it are those that take massive risk from the beginning (almost 100% networth in crypto), are keeping up to date with crypto DAILY and are almost obsessed with it.
The ones that get laughed at by their friends and family for having so much money in there and thinking it will go to the prices it will actually end up going to.

>>28444387
>Even 5M USD is not even to retire

>>28447058

Not to mention all that did take massive risk but bet on wrong projects.

And any gains just comes from those on losing side of transactions. Every dollar gained is a dollar lost by someone else. For each person who gained a million, others cumulatively lost a million.

>>28446103
Yeah a friend of mine wanted me to help him put money into crypto and would only put in $1000 despite having like $20k in savings and me saying how he should put in more to make any real kind of money.
Just got responses like "I'm too scared" "what if I lose it?" Etc.
Already more than doubled his money cause I got him into LINK at like $11 so now he's only got a bit over $2k instead of potentially having $25k+ if he would have just let go of his precious fiat savings.

>>28444387
for all of us that will make it with crypto there will be an infinite number of other people born into poverty and forever priced out

>>28445536
Tax is a thing right? If you try to cash out 1 million you'd probably get 600k-700k