/biz/ - Business & Finance

>>30425765
Your friend is a stupid retard let him be poor

>>30425765
>ad populem
No, he's wrong just on that basis

your friend sounds like a reddit soiboy

>>30425765
>stock price increases when they make money

No. Your friend is a retard.

>>30425765
>Implying the majority hasn’t always been stupid cattle
You’re friend is NPC

>>30425765
reddit midwit but from the spelling and sentence structure i'd say even below that

Send him the Tesla vs the world and ask him why it’s so high if stocks arent fake currency.

Very antisemitic of your friend to gaslight you into feeling bad for being a minority

Rich people are a minority as well. Take that as you will

No, price to sales ratio in stock is completely off the charts as well (anybody here has the exact for some sector?)

https://www.investopedia.com/terms/p/price-to-salesratio.asp

Of course crypto startups are ridiculously overvalued, but Nakamoto solved* digital scarcity (digital ownership), and so we can say we're betting of future actual use cases in this sector and crypto it its stocks

*solved or improved upon. Nakamoto consensus is "50% secure and fast", as oppose to the 33% of byzantine fault tolerance, which requires a lot of communication overhead.

>>30425765

>>30425765
>more people agree with me than disagree
sauce sir
He doesn't know shit about stocks.
I would block someone who had to rely on implying mob vote to shill me his opinion that's probably secondhand.

Why is your friend mogging u so hard do you suck his dick too

>>30425765
On the one hand, your friend should know that stock price is divorced from a company’s fundamentals. Fundamentals can be indicative of a solid stock price, but are not a guarantee.

On the other hand, he’s not wrong that crypto will never replace “real” money so make sure you cash out before one crashes.

>>30425980
That's right. OP and his friends are Pajeets.

>>30425765
You both sound like low IQ amerimutts
Neither of you are meant to make it
now go back to r*ddit
>>30426018
>>30426011
>>30425890
>>30425879
>>30425843
You all go back with him as well

>>30425765
My IQ declined by 5 points after reading that.

>>30425765
Hes a fucking seething coping nocoiner faggot and he can stay poor

>>30425765
Many companies particularly in tech are losing significant amounts of money which implies a negative value based on his logic, so his entire argument immediately falls apart.

>>30426154
ywnbaw
not even on /biz/

>>30426018
Price to sale of Nasdaq was at about 1 in 2010 and is at about 4 now

>>30426258
you will never be white amerimutt

>>30425765
Yes he's right.

Bitcoin, Ethererum, and Monero have real use cases though.

In short ; You're both idiots.

>>30425765
>most people agreed with me
That's how you know he's wrong.

Stocks go up because people buy more stocks. Eventually people make more stocks (IPOs) and stocks crash.
Baseball and MtG cards go up. People make more MtG cards. Price goes down.
Gold goes up. People mine some more gold. Chinese make fake gold. Gold goes up slower.
Rare artworks go up. Entire Chinese industry spawns forging rare arts. Govs massively tax them. Prices crash.

Crypto supply is fixed. Its a bubble that can't pop.

>>30425890
Kek. Ifvthey did clf would be 60 bucks.

>>30425765
both of you are retards

>>30425765
maybe. but his attitude has made him miss out on alot of money. it amazes me how nocoiners say its worthless and yet its not at 0 and tesla bought. how can they not see it yet? its literally slapping them in the face at this point.

>>30425765
>most people dont believe x so it must not be true
Run far away from that friend and never look back. He is dragging you down. If you can kill that motherfucker, and rid the world of his stupidity, because of muh eugenics. Do this only in Minecraft of course

>>30425765
>More people agree with me
>Just my opinion
>Claiming something is simultaneously factual and an opinion

I showed him most of your replies

>>30426709
>fake currencies
what does he think the dollar is?

>>30426709
kek based anon. just leave it there and return to it in 5 years when btc is at its next peak.

If stocks increase in price when rhe conpany makes my why my stocks red

Update

>source is quoting that people agree with him without source

don't try and convince them anon, fuck them. They are too low IQ to realise this current 'financial system' concept is going to die. Just let them wait for their government forced crypto association and then continue to whine about their situation.

>>30426850
>5 years
try 5 months

>>30426902
Here's a rebuttal for you.

Explain money. Explain the origins of currency. Explain stocks. Explain the origin of stocks. Explain crypto. Explain the origin of crypto. Look up what a concept is.

i have checked your friend. i am sorry he is in the late stage of NPCism. there is no cure and if you continue to be friends he will infect you with it

>>30425765
This is a debate that goes back to Aristotle and plato if you assume the crypto currencies have no intrinsic value which I disagree with but for your friends sake lets just assume he's right. If your friend thinks he's smarter than what plato said money should be then more power too him. (google what Aristotle and plato thought money was as that's the debate that is currently going on right now with the gold bugs and crypto even though there wrong because crypto does have instinct value)

>>30426902
send him 30k satoshi and watch his tune change lmao

Just because shitcoins can be made by anyone, doesn't mean the legitimate projects are 'fake' or 'backed by nothing'. There's worthwhile antivirus software; the endless indian scam versions don't make all antivirus worthless. There's even actual scam stonks on the market today. In crypto, The underlying technologies and developments are valuable. In 5 yrs when every stock exchange on earth is backed by Eth or HBAR or whatever smart contract net there is, he'll sing a different tune.
>Muh Majority Rules
The majority of people are fat and stupid too. Siding with the majority is not an inherently good thing. Basically, your friend can stay poor.

>>30426902
I'm going to find your friend and rim him, he doesn't understand crypto and that's fine but you should at the very least have money in BTC

>>30426991
the problem is in 5 months hell still be in denial. 5 years it will truly cement how retarded he was to not listen to anon

>>30425765
he's more right than you are

>>30426902
Your friend is early 20s, hasn't graduated, has a negative net worth, probably in business program, drives a sedan, and will forever be a faggot. Ask me how I know

>>30426154
Here's the shitskin with its Trump derangement syndrome

>>30426902
people still reference fedoras when trying to insult? You friend is very out of touch & way behind the times. No wonder he's bashing crypto

>>30427150
you will never be white

>>30425765
>stonk proces go up as they make money
No, your friend is financially retarded. Along with most people in this world.

>>30427059
>>30425765
Also, even the biggest crypto skeptics have moved on from the no value theory and are increasing moving to the camp that the government will kill it. Watch some interviews with jim rogers (one of the most successful commodity trader's and co founder of the soros quantum fund) on why he doesnt like bitcoin. he believes it will succeed but it will be outlawed once it gets too big so he prefers gold. Many also claim it's in a bubble right now. If old boomers like him gets that it's not a scam why makes your friend so sure he's right?

>>30426902
Holy shit. Tell him to jump off of a cliff. You are doing gods work OP. Stick to Minecraft of course

>>30425765
Crypto economy is 99% larp, circulating worthless shit.
But I think after 10 years we are on the edge of greatness. There are hundreds of innovations accumulated. TPS limits are starting to go away. We can sustain a real economy on crypto infrastructure now.
In 1-2 years we will reach a critical point where things could shift really fast from there.

>>30427202
You're not convincing anybody, Ahmed.

>>30427283
Polnpcs are so predictable, we could go all day

>appeal to majority instead of providing a cogent argument
no, your friend is absolutely a blithering retard and you should probably stop talking to him

He seems to be a little upset

>>30427357
>obviously im not trying to be 100% factual
fucking kek, this friend of yours is a dribbling retard

>>30426709
>>30426902
>>30427357
I mean you say
>I showed him most your replies
but you literally just showed him the ones calling him a nocoiner

You want someone to ruse, so do it on 4chan and don't waste your friends time

>>30427357
>probably a virgin with fedora
2012 reddit tier insult

>>30427357
The redpill is that it doesn't matter if crypto is 99% scams, you can still make a lot of money with it.

>>30425765
just send him this screenshot in 10 years from your yacht and ask him how his studio apartment is working out for him

>>30426902
i am going to bend your friend over my knee and spank him and finger his arse

>>30425765
this guy sounds like a tranny faggot to me

OP tell him that this board bought into coins with all their life savings which then went on do to 100x or 1000x and many of us retired as multi millionaires. he will rope himself

>>30425765
What actual products does visa and mastercard produce?

>>30427357
Ask him whether he will believe in something that is wrong just because the majority believes in it. Does your friend like basketball a lot anon?

Update

>>30427357
>tryna
And now we know why your friend is poor.
Tyrone knows nothing but gibsmedat.
You will never make it with retards like these in your life.

>>30427669
visa and mastercard are basically glorified travel insurance companies

>>30427734
He's white

>>30425765
It's like saying would you rather have $1000 USD or 90,000 Argentine pesos. They are worth the same right now, tell him to choose

>>30427816
Even worse. Jesus.

>>30427712
the guy just sounds buttmad that internet racists are making 10/100/1000x whilst he's spending his time making pennies with stocks

>>30427313
So hows paying for the importation of shitskins going there buddy?

People are using some of the services so your friend is uneducated on the space. Chainlink have a bunch of paying customers.

>>30425765
No your friend is an NPC and will never get it

>>30425765
>because the unwashed hoards agree with me im right!

your friend sounds like a fucking idiot

>>30427712
>Anyone can just make a coin
PFFTT, haaha
Tell the bitch make one then

>>30427712
lmao, hes seething mad, but i too would feel uncomfortable knowing my "friends" post private convos to dunk on me. you are just as much a nigger as he is

>>30425765
he's an npc

>>30427939
you tell me bud, nice 56% whites in your country

>>30428088
He clearly doesnt mind or he wouldnt keep the conversation going

your friend is smarter than all the dimwits that reply to this thread. Crypto is 99% garbage and the remaining 1% is gambling

>>30428088
also this

>>30428204
You haven't refuted any points in this thread. People are using the services which gives them value. ETH and Link are being used.

>>30428088
Not like I'm doxxing him. He'll be okay.

>>30428199
>t. child who was never socialized

>>30427712
Why does this matter? The reality is we're making stupid fucking money who gives a fucking shit about tangible products or use. Fucking retard

>>30428394
>who gives a fucking shit about tangible products or use
but that's also false ETH has lots of users.

>>30425765
Actually you are both right. He is right that most shitcoins are worthless pieces or garbage, but you are right that you can make stupid money out of them.

The problem is that your friend doesnt realize that it takes time for the market to settle on the price of something, meaning that for short spans of time something could be priced much more than what it will end up being worth, and shitcoins move in those tiny spans of time.

>>30428307
OP's friend needs to post his portfolio

>>30428165
On the other side of the world of me mate, ocean borders are nice. Dont have to worry about cucked krauts or towelheads to much, just the apathy of a dying first world.

>>30428307
Will your friend kill himself when the US enters hyperinflation and BTC flips gold?

>>30427712
lmao, if you're reading this: OP is a fag and OP's friend is based.

Show him your fake McLaren and fake house and fake startup in 3 years

>>30425833
Checked.

>>30426771
The dollar may be fake but its backed by the military might of the US hegemony.

I'm going to end it there. Thanks for the laughs. As expected his view hasn't changed, which is fine. Hopefully he can cope in a few years.

>>30429345
only one of you will make it in the coming years, remember to post again once he neck ropes

>>30428088
No one cares enough for your conversations to get posted, get over yourself, faggot.

>>30425765
GME is proof enough that the stock market means nothing in relation to reality.

>>30425765
>you're the minority on this
this alone should say it all

>>30427712
This guy clearly lost a ton of money.

>>30428564
Agreed, OP's friend needs to prove he's not a poor nigger if we are expected to take financial advice from him

>>30425765
Stonk proce go up!

>>30429597
I think the reality is he's a little salty I've made it into six figure hell while he's a nocoiner. But he's also stubborn and believes crypto is magical internet money with no value.

>>30429686
Cash out $50k and slap his face with it.

>>30425765
>stocks are products

literally retarded. or if stocks are products the coins are two, take ur pic

>>30425765
Is your friend semi-literate?!
Syntax, grammar, spelling...

>>30427669
>>30427764
I always look at them like fancy loan sharks

>>30427712
this applies to stocks and companies as well dipshit

your friends argument is fallacious here because it assumes the metric and standard we should employ is, “is the currency real”, which means nothing, and not “is it useful” or more importantly, “is it smart to try and make money off it”? i mean, i could cash out like a fifth of my coins rn that i already recouped my initial investment on and buy a guitar or a gun. that’s pretty cool

>>30429302
it's backed by debt

>>30425765
Sounds like someone who's seething over people who make mad gainz with crypto

>>30425765
>"This is a good point. I just sold all my crypto. I own zero crypto now. Thank you for pointing me in the right direction"
Never talk to anyone you know irl about crypto ever again
Anon, never let normies know that you hold crypto. You're playing with fire.

>>30430472
I pretty much already told him I sold the majority a month ago and only have a few grand in now. I got drunk and let it slip. You're are right though, I fucked up there.

>>30425765
>No because they have actual products that people pay for

And? They aren't legally obligated to give the proceeds of that to shareholders. They're incentivized with stock options, and shareholders can theoretically vote in a new board that will authorize dividends/buybacks, but you have no legal entitlement to anything when you hold a minority position in a business. You are entitled to nothing except to sell your shares to someone else. 99% of stock traders are operating on the greater fool principle because they don't own a large enough portion of the underlying business to influence decisions about profit distribution. It's almost as bad as crypto.

>>30425765
You're both stupid.

>>30425765
>more people agree with me than you, therefore I’m right

Your friend confirmed for smoothbrained retard.

>>30425765
Your friend doesn't understand that he doesn't own his stock, Cede&Co owns his stock. What an idiot.

Btw I never panicked and never sold lol
See >>30430651

Give up anon, Ive been trying to convince my cousin about BTC since $500. Truthfully they're too lazy to do the research so they just parrot what they've heard somewhere like "duuur they're all PnDs and scams"

>>30426046
Why does it matter if most people agree with him? Most people are morons

>>30425765
He can stay poor lmao

>>30425765
The beautiful thing is that these idiots think the 1 mil I made in cryoto is even harder to attain BECAUSE they have this mindset that money = work on some level. So when they see I made "a lot of money" they think I must have worked realky hard. I love that.

>>30431299
This is your friend

>>30431299
Ah, so he is mad that he missed out so he is trying to justify by saying the whole idea is bad.

>>30431299
holy shit are you me? my friend made me the exact same arguments as to why he got out of btc 5 years ago, he could've made 6 figs from fucking nothing.

>>30425765
>stock price increases as they make money
>apple announces record earnings
>down 15%

>>30425765
I mean, the stock market has more fundamentals backing their boomer investing tactics, but at the end of the day stock and crypto price is pure speculation.
Your friend needs to be kicked in the balls.

>>30425765
>implying stock prices are purely based on fundamentals
>not understanding how speculative bubbles work
>not understanding that you can make money on speculative bubbles

ngmi

>>30429686
If you can get rich off snake oil it doesn't actually mean any snakes were oiled...

>>30431299

Its incredible how few people understand what "decentralized" means or implies. Your friend will be poor forever. He will work 100x harder than you do, while his useless fiat decreases in value daily, while you invest in literally any crypto and make gains. He will try to gaslight and say you are crazy and wrong; these are words of jealousy from a man who knows nothing.

When there is crypto like Hedera/HBAR showing up, you know he's completely out to lunch and has no clue what he's talking about.

https://twitter.com/hedera/status/1367852772436172819?s=20

>>30426709
>Signal
based. I've been using that shit for years

>>30431299
What a pseudo intellectual retard, tell this goy to keep buying jew stocks, we’ll all be laughing when the crypto marketcap flips stocks

>>30427712
>Imaginary value that has been inflated by idiots
Has your buddy never heard of fucking Telsa before? Or how about the GME "squeeze" pnd?

>>30426420
Bitcoin goes up, more shitcoin projects are made, speculative bubble appears and pops. This literally happened in 2018 retard.

"Crypto supply" isn't fixed, issuance schedule may be fixed for certain projects. But that's not a requirement or the generality you can toss around liberally either. You said some pretty dumb shit but I'm aligned with you on the bullish position of crypto. Just do some homework and stop saying things that aren't true. You're doing yourself and everyone you talk to a disservice.

>>30429686
based. iykyk

>>30427449
This. Good god OP, why are you even discussing investing with this fucking redneck?

>>30431619
And if you got rich off Tesla stock it doesn't mean they make good cars.

Lol

>>30426709
He sounds like every faggot that studies "business" at their local uni. Don't pay him any mind he is just regurgitating goldbug/valuefag twitter. Shitcoins do have their flaws, but being unable to see the value of cryptocurrency as a whole should be a classifiable mental disorder.

>>30432376
HE'S FUCKING SEETHING hahaha, this is the sort of thing that breaks friendships, especially when you inevitably reach a mil

>>30425765
>u are in the minority on this
Can't even take the time to type "you" and unironically cites some sort of "general consensus" that he follows like a good little sheep. I bet in the next moment he feels pretty special about something and derives some self-esteem from that. Normies are truly NPCs.

>>30432376
Pathetic nocoiner cope. He’s grasping at whatever straws he can find.

>>30432376
If you’re sub 100 IQ you are liable to lose it all like that, he’d probably be one of the retards to accidentally send his entire portfolio to buy his gf a cup of coffee, and would send it to the wrong address

>>30425765
your friend is butthurt he's missing out on the crypto revolution because 'im in the majority' lmao what a fucking retard. there are faggots right now, RIGHT now, who are going to invest $200 in some lowcap shitcoin, who are going to exceed his net worth in the next few months.

>>30425765
your friend is a faggot and it's likely that you are as well. both of you will stay poor.

>>30431299
>except the shit
Gg

>>30431970
Its my theory and it seems to explain a lot of things, come up with a better explanation if you can.

Altcoins are obviously an unstable bubble. When altcoins die, bitcoin will absorb their market cap and skyrocket.

>>30425765
He's dumb. Stock prices are not just based on muh company revenue. That's why they have P/E ratios through the roof.
Stock Market = Casino for the Jews
Cyrpto = Casino for us

Check these fucking digits.

Information asymmetry is why your friend will not make it. We are still early in terms of the defi ecosystem but your friend doesn't want to spend time to do his own research and instead calls it a pnd scam.

>>30425765
Only thing he got right is that he's better at running with the herd then you. Typical NPC.

>>30426709
Every retard in the world is "investing" in stocks right now, especially through apps like Robbinhood. They're just gambling and if they don't believe that they're genuinely retarded.

>>30431619
who cares what it means if you becoming rich is the constant

>>30432787
you actually have it backwards. when bitcoin corrects, money floods into alts, then alts crash along with everything else.

>>30425765
Ask him why don't all companies listed on the stock market have P/E rations = 1?

>>30427712
He's completely removed but here though.

>>30432376
Just let him live in his hole. Do not convince anyone that digital currencies are an entire financial system which you can profit from with relative ease, so long as you have a shred of common sense. They’ll just hate you and think you’re doing some multilevel marketing sale. I never talk about this with anyone.

>>30432376
Now hes just seething. Honestly OP anyone who can put out those arguments he is in a serious way isnt someone who can ever be honest in a discussion. They are philosophical zombies who think what theyre told to.

>>30432376
but... that's why it's such a good system? doesn't he understand that if you have an ecosystem next to which the wild west is heavens gate justice tier you can make money like printing paper?
didn't sell at peak and lost thousands? got rugged? betted all your satoshi on freebitcoin? 65 year old agnes transferred her 7 bitcoin to a link wallet and lost them? thres NO manager and no insurance, you're done for the day. why does he think a robinhood hedge jew babysitter is anything but a warden.

You fucked up, OP. You are not supposed to explain crypto to them, you explain the value of disruptive technologies.

>>30425765
BTC is not a stock faggot, it's a currency. When it becomes more valuable than gold he will beg on his knees for some satoshis.

You're both equally retarded.