/biz/ - Business & Finance

>>29793894
75% downside in an actual bear market

Taxes are an absolute bitch if you're not in a crypto haven.

>>29793894
That's called "euphoria" anon. It does not last forever. kek.

>>29793894
no downside except that if you lose your wallet you're fucked forever.

>>29794025
who is euphoric rn because unless you are shorting you are losing a lot of money

There's non

>>29793894
You can easily make safer short-term investments with way higher yield using conventional securities and stock options if you know where to look. Alt coins are without value and typically fall into a binary of over 9000% and rugpull, but it should be noted that many people make it with them anyway. Of course luck is a huge component in both approaches, and you can't buy heroin on the internet with Tesla calls

awesome thread bro

>>29794025
Care to explain what you mean?

>>29794191
euphoria preempts a crash. The truth is that there are many downsides, and this line of thinking is based mostly on sustained gainz

>>29793894
It's great if you love seeing your net worth in a constant state of extreme flux.

>>29794174
Either doesn't have the liquidity to handle an acute spike in volume or is subject to manipulation by market makers any time they feel like pulling the rug. No thanks, the stock market is gay as fuck and EXTREMELY jewish. I'll stick with crypto.

>>29793894
>no idea who created it
>unknown amounts of the currency missing or lost
>guaranteed only by whatever someone else is willing to pay for it
>name is literally "small coin" yet it costs 40k, the same a brand new electric car
>could tank 30-50% instantly if an American American billionaire on LSD says its dumb and pointless in a tweet
>inconvenient to use
>used by pedos
>prices people out from PC gaming
>inefficient for its intended purpose
>quantum computer go brrrrrrrrrrr
>only worth $1,000,000 if society collapses in an extremely specific way

>>29793894
Wait until you lived through your first real crash, you'll see the downsides really quick.

>>29793932
kek

>>29794413
this man knows

>>29794174
>The precedent has been set that stocks can be manipulated to prevent buying and selling.

>>29794309
Out of curiosity, do you think decentralized currency is the future in, at least, developed countries? With Bitcoin basically on its way to cementing itself as a serious form of currency, others popping up, and the obvious push to a cashless economy, wouldnt any "downsides" but short term at best?

>>29793894
Normies will make fun of you behind your back for being different while your net worth skyrockets

>>29794413
U r spitting fax but I’m still keeping my 5k at high risk average cost thank you

>>29794740
Normies don't give a shit about crypto until it's in the headlines, then it's the top of the bull run and you sell and ride off into the sunset

>>29793894
Having tech is a barrier to entry, cash doesn't have this issue

>>29794413
>Diamond is unbreakable

only downside to crypto is never having enough HBAR

im fucking desperate for more

>>29794656
I'm not saying it isn't totally cucked by hedgies but you can still make stupid amounts of money. I got in early on LINK, ETH, etc and have made way more overall through stocks. A bunch of redditors getting their asses clapped by Citadel and Vlad doesn't really impact my opinion because I never took a moral stance to begin with. Also I sold gme at $350, the whole thing stunk from the get go

>>29794710
I'm absolutely 100% confident that bitcoin will become ubiquitous in the future. The (literal) million dollar question is when. I'd say the answer is on the order of decades but I'm certainly no expert, so I'll just DCA with 20% of my paycheck until then

>>29794879
I have been frequenting this imageboard since well before 2008. And this is the first time I utter the word based, but that message is the most based text I've read since I opened a Mark Twain book.

>>29794413
>>no idea who created it
so what
>>unknown amounts of the currency missing or lost
bullish
>>guaranteed only by whatever someone else is willing to pay for it
like every other investment
>>name is literally "small coin" yet it costs 40k, the same a brand new electric car
dumb argument
>>could tank 30-50% instantly if an American American billionaire on LSD says its dumb and pointless in a tweet
more like 5-10% temporary dip from people that don't know what they are holding
>>inconvenient to use
better than existing alternatives for large sums
>>used by pedos
like USD
>>prices people out from PC gaming
lmao
>>inefficient for its intended purpose
yes, it will be eventually be replaced by something else, but it will be a gradual process
>>quantum computer go brrrrrrrrrrr
in 10+ years
>>only worth $1,000,000 if society collapses in an extremely specific way
that's 21T fully diluted mcap, plausible in 5-10 years

>>29795077
So basically you're saying it still a bit too early for you to call. I can respect that.

>>29795077
I feel the same, though I don't see it taking more than 10 years to reach $1M, if that's actually in the cards.

>>29793894
hyper traceable and public wallets with all activity visible to anyone

>>29795077
>ubiquitous
>The (literal) million dollar question
>DCA with 20% of my paycheck

>>29795193
If nobody wants to pay anything for amazon shares, I become the owner of a massive international corporation with high revenue and profit.

if people don't want to pay anything for bitcoin you go back to the dumpster behind wendy's

>>29793894

new paradigm?

>>29794923
How the fuck did you make more from stocks than from LINK or ETH? What stocks were you in?

>>29794879
>that pic
Fucking beautiful...

>>29795437
>onions wojak
>download (1).png
oh wow a faggot

>>29795233
$1M seems steep but who knows man, I remember pot brownies getting sold on silk road for like 10 BTC

>>29794913
A man of taste. How much do you have lad? Sitting on a 30K stack atm

>>29795664
I bought tons of OTM call options on tesla, upwork, and amazon. Granted, this was from April to September but I still see comparable opportunities every 1-2 months or so

>>29795593
Enjoy your 1.5x this year anon

>>29793894
if you want to buy and hold, probably just use bitcoin because to normies it is synonymous with the word 'crypto'
downsides: taxes, brutal drawdowns

>>29795554
>if people don't want to pay anything for bitcoin you Go back to the dumpster behind wendy's
that was the initial speculative phase for BTC, in which you buy with the belief it will get widespread adoption. If you haven't noticed the amount of companies, like Paypal, that are changing their tune and now accepting payments in BTC solely in the last year, I don't know what to tell you.

>>29793932
fpbp as always

>>29794413
I remember this same argument being made at 1k and 10k.
So see you at 75k again?

>>29794021
>Taxes are an absolute bitch if you're not in a crypto haven.
Do you pay taxes just when you convert it back into fiat, or do you pay taxes when you exchange for other coins too?

>>29795912
Cool, thanks anon. I've been thinking hard recently whether I should get into stocks during the bear market. I'd feel much safer going ape into stocks than random altcoins, and I honestly can't be fucked to buy real estate. How do you find the opportunities, do you just have to scour Yahoo finance for news and quarterly earnings? or just yolo into mushroom companies?

>>29796063
Dont care about that right now. It's easy to claim you lost your crypto wallet.

>>29796271
If you want to make safe / consistent investments in time-frames of about a year, the Motley Fool is actually solid
>inb4 boomer (don't pay for it)

If you want something faster, find bullshit gaining traction on Reddit and average up accordingly. Typically reddit pnd antics are defined by a 1 hour interval after open and you can make an absolute killing if you time it. I dson;t short but I know people who make lots of money buying puts on the tail end of Reddit pumps because they're completely inorganic and easily identifiable (weed stocks are an example, you would've made a killing shorting at the peak)

smart move staying away from real estate though, it's a huge waste of time unless you've already made it and contract a property management company to do the dirty work

>>29794054
>no downside except that if you lose your wallet you're fucked forever.
if you think about it, its extremely much harder to accidentally lose your bitcoin wallet than your real wallet, you can make multiple copies of your bitcoin wallet and keep them in multiple devices or even in multiple places on just paper and from any of them recover the entire amount stored

>>29794021
indeed but it would cost me more to move to a crypto tax friendly country.

>>29793894

The joos hate it, so they'll attack it every way they can

>>29797523
I guess CIA joos are cool with it - the federal reserve IMF central banking joos may be a bit miffed

all i care is my fellow americans get they coinz, we can send to israel later

>>29796782
>real estate is a huge waste of time
i bought a vacant lot with a clean title 9 years ago about 900 meters from the pacific with a world class surf break and a beginner wave close by. paid $20k usd it’s worth about $75-80k now and taxes are $95 a year. if i build even just a surf shack on it with a well and solar panels it will be worth at least $100k

>>29795193
>>>quantum computer go brrrrrrrrrrr
>in 10+ years
You don't see how that's makes it entirely pointless from the start?

>>29795941

Move the decimal forward two places.

>>29796052
Doesn't make it untrue

>>29794413
>>prices people out from PC gaming
kek it's worth it just for this tbqh

>>29795593

>>29796063
Both.

>>29793894
usdbtc

>>29797871
the code for BTC is still being maintained, there's plenty of time to take countermeasures against quantum computing, even through a hard fork

>>29797185
On the other hand, you don't have your entire savings in your wallet.

>>29793894
It's useless. I cannot immagine normies just accepting this instead of fiat. just being honest

The downside is owning GRT or ALGO

>>29794413
>Prices people out from PC Gaming
Good, fuck PCGamers t. ConsoleChad

>>29794710
Bitcoin fails as a payment system, so no. Otherwise it would already be adopted

>>29799475
You don't need to care about normies, but rather care about institutions, your average normie doesn't know that a given website is hosted on AWS, but that doesn't mean that AWS isn't omnipresent.

>>29793894
By 2022, those who have been holding a decent amount of certain cryptos will be millionaires. This will coincide with the rapid decline of the Euro and Yen.

>>29793894
No.
It's the best trade that has ever existed in human history AND it's available to the common man before institutions adopt.
Nothing like it.

Probably that you’re buying someone’s bags. Also you can get rug pulled. It’s volatile and not necessarily safe as an asset but has incredible growth potential.

>>29793932

>>29793894
>solar flare happens
>all hard drives are wiped due to strong magnetic interference
>all bitcoins disappear overnight

I have no idea if crypto is better over the medium to long term than stocks. What I do know is I'd rather be competing with brainlets in the crypto markets than coked up gamblers in the stock market.
Brainlets are far more predictable.

>>29793894
Brainlet and newfag here. My main concerns with crypto in general are government regulations and world wide economic collapse. Dont think crypto will help when everything crashes and burn.

depending on where u live it can be a nightmare cashing out

>>29799913
>solar flare happens
>all traditional finance is wipe out overnight.
Load the Armageddon FUD where nobody escapes!

Will absolutely never be adopted by >35yo population as the barrier of entry is too steep in terms of risk (boomers who can't remember their Facebook password will for sure lose their mnemonic phrase and all the funds attached to it), and technological complexity (we are talking about people who can barely understand their iPhone enough to call their kids on sunday). Crypto will see widespread adoption when boomers die off in 50 years.

>>29799913
>>29800249
PS found the nocoiner.

>>29800249
>>29800337
cope harder