/biz/ - Business & Finance

Nice emotional reactional paid shill thread

This is so true...
I'm going to write my congressman to put and end to this nonsense.

>>4901211
This but unironically. Capitalism is chaotic and unjust.

>>4901211

You can't cash out though

>>4901211

Not sure if joking or just boomer.

there are NEETS on this board right now that bought BTC last year with their neetbux and are now millionaires, throwing my salary around like its nothing. ITS NOT FAIR , the sooner this fucking bubble pops the better

>>4901211
Nice spook faggot

noncoiner here
I hate all of you faggots

fucking shitcoiners

none of this meme money is gonna matter once we're dead

I guess dumb luck is the way of the universe

>tfw crypto is a 0 sum game
>tfw the money you made is most likely from noobs buying high from you
>tfw normies are literaly giving you money

BITCOIN BAD
FEDERAL BANK NOTES GOOD

>>4901295
thats me wagie

remember that scene from wolf on wall street? "20 million dollars by noon" thats me wagie. I bought an island

>>4901211
Why? It makes people money. Maybe BTC if it keeps working is just a natural force now. It's not cheap, it just feels cheap.
Also I think you are onto something in that its a pretty risky thing to invest in that said
>Made over, probably well over, $1000 in a couple months as a student working a minimum wage job
This profit... I can't... my mind is melting beneath a wave of money I can barely even understand, like what the fuck is even going on.
Can't think... only profit.

>deposit $1000 in the bank
>the bank loans $900 out (has to keep 10% to cover people spending what's in their deposit accounts)
>the person who received the loan buys something, and the seller of that thing puts the $900 in the bank
>the bank loans out $810
>the person who received the loan buys something, and the seller of that thing puts the $810 in the bank
>the bank loans out $729
>the person who received the loan buys something, and the seller of that thing puts the $729 in the bank
>again and again until the original $1000 deposit has generated $10000 in money

Banks create money from nothing, probably trillions of dollars, meanwhile people literally work themselves to death trying to get ahead.
Why the fuck are you concerned about bitcoin? If you really cared, you'd nationalise the banks.

>>4901764
>Why the fuck are you concerned about bitcoin? If you really cared, you'd nationalise the banks.
Who are you talking to?

>>4901211

>>4901211
YES I AM SO SICK OF WINNING

Honestly, I don't know why people are getting so triggered about OP. This is a valid discussion point. People work hard for their money, yet BTC turns out so much.
I'm not saying OP is right or that OP isn't trying to troll, but this most definitely worth discussing.

High risk can yield high returns... all my normie friends talk about it like it’s a sure thing... there is NO gurrantee

>>4901941
And when I say "work hard" I mean like they actually perform services necessary for our society to function.
Not just that they put unnecessary effort in.

>>4901941
Then just buy and hold BTC? What's so hard about this? You only have yourself to blame for missing out on ez money.

>>4901955
I agree. Jobs offer stability.

But I worry what happens when people don't understand this and are blinded by greed. They might see an opportunity to get into something that they feel is necessary to get into and then we could have problems.

>>4901211
Working is a fuck meme in the year 2018

A single barrel of oil has the energy equivalent of 100 slaves working 24/7 for a year straight AND IT ONLY COSTS $50

Your labour is WORTHLESS

>>4901941

>>4901295
>>4901211
>>4901375
>>4901465
>>4901507
Are you guys redpilled yet? The only way to win in life is if you spend every waking moment of it figuring out unconventional ways to make money by doing less work. The "honest work for honest pay" is a meme told to you by society to breed more worker ants guaranteed to spend their whole lives at the grindstone.

Become financially independent, then figure out what you want to do with your life. Not the other way around.

The truth

>>4902022
Yes exactly... only invest what you are prepared to lose... I’m in a position where I can dump some money into this. My friends have kids and wife’s

>>4902059
kill yourself.

>>4901941
>>4901959
ok.

I totally get where OP is coming from. I consider myself lucky. I got a bunch of BTC when it was 250 bucks. Then ETH I got when it was less than a dollar.

There is a weird guilt that I feel sometimes. I used to want to talk about cryptot all the time back then. Everyone kind of laughed at me for investing in shit they did not understand.

Now those same people are asking me for advice. And I'm like it's a little too crazy right now, you should let it correct. They don't fucking listen and they are going to get burned.

>>4901211
I agree 100%. I don't feel good about my gains at all. Seems greasy.

>>4902059
None is fair. Capitalism is the worst method, apart from all the others discovered so far.

>>4902059

>>4901295
>the sooner this fucking bubble pops the tether*

>>4901211
>I've been jewed my whole life? No way!
SHUT IT DOWN, THE GOYIM KNOW!

>>4901211
You put capital at risk and got lucky. Don't think you've found some free money pump, and don't get even more depressed when you lose it all.

>>4902367
this is the only right answer

In all seriousness we just can't let trump have the nuclear codes

>>4901941
but it's not bitcoin, it's capitalism
op is most likely working for some stupid, unoriginal people, doing stupid, unoriginal work, and op himself is most likely stupid and unoriginal
some people invented a new form of money, had vision/put work into it and made a fortune, because their work is worth it

then there are always lottery winners, but you know what? the magnitude of luck required to win the lottery (or seize bitcoin in 2010 and manage to keep it till today out of sheer luck, without actually understand shit about its future impact) will win you anything in life, not just money. it's impossible to eliminate regardless of the system.

and you know what? communism does look much better on paper. like, if you presented communism and this market-economy thingie to highly intelligent people not knowing anything about the history of the 20th century, and asked, given 2 societies, which one is going advance faster, a lot, probably most of them would bet on communism. no wonder lots of geniuses, like oppenheimer, supported it.

then it was put in practice and failed utterly everywhere they tried.

noone can tell you why market economy works so much better than anything else ever invented (some people will try, but their reasons will be BS), but it does.
the reasons are most likely far too complex, but it's just the way it is.

unjust? yes. some injustice seems to be actually beneficial to a society as a whole. as opposed to complete uniformity.

>>4902048
>Become financially independent, then figure out what you want to do with your life.

This is looking like more and more of a reality for me and probably a lot of other autists on this board.

Serious question, though: what is the answer to the children question? Having more than one runs the risk of diluting the inheritance so far that neither is financially independent anymore.

>>4901211
Its because you should actually be paid more for your work, but all that money that should be going to you is being stolen through inflation. We're on our prime as a species, we are more efficient than ever, there is enough wealth for everybody. Rich people have been playing the same game we're playing now, but they have done it for decades, and have made tons pumping and dumping shit. So be happy that the tide is turning.

>>4902059

Alright this is annoying me, so I'll just make a few points because the bait worked.

Socialism means that one person or group controls the money. In other words, the few people who work in the government have power over everyone else.
Massive power.
Socialism is the ultimate centralization; It restricts freedom and depending on how the money is allotted, it could even be the only way to really make a good living is by working against society, which although is also true in capitalism, would be heavily exaggerated in a socialist or especially communist government, where the only conceivable chances to get ahead are to violate law. Those who are good and experienced at violating and hiding from the law will have a higher chance to prevail in such systems, I think. So organized crime will have a very good infrastructure for success.

>>4901211
I made $5000 in crypto in the last 30 days and I feel nothing.
am I dead inside?

>>4902677
you most likely earned it by luck, can feel it, and also most likely going to lose it and more in the future.

>>4902708
I literally bought 3k worth of BTC and 1k worth of LTC. Didn't even trade. Just watched them go up.
Both are up over 100% now and I just don't even really care.
Is it because I did basically nothing to earn it?

Steady income and speculation. Both pay off. NEETs and their money will soon be parted and then it is back to cheap ramen and a basement

>>4902677
No you're just like everyone else. I am up 200,000 value and I dont give a shit, cause its not enough to retire.

>>4901211
at least you made money

>>4901256
Welp he said it. Better kill 100 million people and implement total communism.

>>4901866
>AND ANOTHER THING!

>>4901941
well we as investors are supporting the value of an extremely innovative form of currency and as a result increasing the chances of mass adoption (and therefore stopping banks from fucking with people)

It's basically investment to a third party that is innanimate and works out of it's own volition like a virus.

>>4901277
Unironically this...

>>4901211
If making efficient money isn't fun to you then you're subhuman and deserve to die before you reproduce your low iq personality.

>>4902495
>
noone can tell you why market economy works so much better than anything else ever invented (some people will try, but their reasons will be BS), but it does.
>the reasons are most likely far too complex, but it's just the way it is.
The explanation is simple and straightforward. I'ts called Reward Conditioning. It's how our brains function.

>>4902367
More or less true, although unsure about the whole "losing it all". BTC is pretty lucky.
In time, something will catch up to it and it will be harder or impossible to make money off BTC so quickly.

>>4901941
>but this most definitely worth discussing.
Meaningless phrase from a fence sitting faggot who has no opinion on anything.

"w..we need to have a clear and open dialogue"

Shut the fuck up faggot

>>4902495
There are plenty of clear cut logical reasons as to why communism does not work, they just hadn't explored the idea enough back then for everyone to find those reasons.
Nowadays, its obvious.

>>4903392
Okay and also no that's not actually true, but okay.

>>4903478
yeah, obvious like why bitcoin surged 900% in value since july

u can point out shitton of flaws in communism, but you can do the same for market economy. nobody _knows_ exactly why the former is overall so much worse

>>4903547
Then its the number of problems and the impact they have on the tot- fuck it this is so stupid.

All you need to do is look up the numbers. This shit has been documented. All of this happened in recent history and the cause and effect is there.
People argue about it because of politics, but the reality is someone knows why, just like how someone knows that creationism is fucking false.

>>4902109
As if kulaks are people.

>>4903547
bc communism lacks incentive to innovate and do work? capitalism has the opportunity to go rags to riches through protection of intellectual property and such. Correctly regulated capitalism creates wealth better than any other system

>>4903547
No more than that, you're wrong because the reasons are so simple and easy to understand.
Communism and socialism cause intense centralization, pitting the wants of the few against the wants of the many.

>>4903735
Also this. All these reasons. So many clear reasons why communism is inferior to capitalism. Communism basically has all the faults capitalism plus more.

>>4902507
That's why you raise them to be independent and not rely on a trust fund.

>>4902367
>Make 30k off these meme coins
>Lose all of it
>Make 30k once again off these meme coins
Its a weird feeling.

>>4901211
Survivors guilt but your missing the point, crypto is giving opportunities to those who don't have a massive head start. Banks fuck you over, uni fucks you over, stock markets fuck you over this gives people who aren't capable of making much money elsewhere an opportunity to survive + a bunch of faggot neets haha

>>4901211
You aren't "investing" in Bticoin, you're just hoping some poor sap will be willing to buy yours for more than what you paid.
Why do people buy Bitcoin? Because it's value keeps going up! Why does it value keep going up? Because people keep buying it!
If that sounds sustainable to anyone, they are deluded.

Communism only works if the people in politics care about the workers. If they don't you get Stalin like authoritarian dictatorship. Lenin did a better job and warned against electing Stalin to rule because he had the wrong personality but No one listened. Socialism is a mix of both which prevent the major problems associated with both forms of government

>>4904426
There is intrinsic value to bitcoin and if you don't see why you're a fool.

>>4904426
bought in when it was under $700
just left it
>feels good

I love it when people hate on other people for making intelligent decisions and seeing rewards for it.

>>4904535
No it's not. It's a currency that is poor as a currency. And no, it's not a store of value either. You only say that because the price keeps going up, but for a store of value you want something STABLE.

>>4904540
I've cashed out too. There is little intelligent thought needed for Bitcoins. You just have to know when to not be super greedy. A little luck also helps.

>>4904426

you poor uneducated luddite. Missing out on this generation's greatest investment opportunity because you are afraid to learn about new technology. sad!

>>4902048
But you need money as a starting point regardless what unconventional method you choose to make money. NEETs act smug when they've made a little bit of money with their parents' money but they fail to see that it's not sustainable. You invest with your own money, not other peoples money. You won't make it if you always depend on other people.

>>4902059
>Socialism doesn't mean taking wealth from those who work hard and giving it to those who don't.

That's exactly what socialism is. Not surprising that NEETs support this type of system.

>>4904638
Every new revolutionary technology that's left unregulated will be unstable. Y9u have to give it time for it to mature and as time goes on it will become more stable.

>>4901507
Lol this makes it exciting to me. Total opposite of OP
It's a wealth transfer vehicle. Everyone knows the risks when they comes into the game.
No one cares about you, you're an order. A number. I don't even know if you're a human being or a program.
If you come in trying to take money you might get taken. Simple as that

>>4904975
But bitcoin can't fulfill its purpose as a currency without interfering with the current market.

Furthermore, its debatable if it is or could ever be useful in that way. There are fees every where. Its disgusting, honestly.

This is the end. We've been through bitcoin, we've proved nothing.


Actually, I have one question before I make what basically amounts to my finally move with bitcoin.

How long can a bubble ever last? I suspect much longer than crypto has existed.
If someone can answer and say that BTC is not a bubble, I might change my mind.
But beyond that, I think its time to hold for the bigger fool and hope I can convince my parents that Robin is an OK app.

>>4904975
It's been 10 fucking years. Bitcoin is outdated technology. The only reason why it's "worth" as much as it is now is because it's the only crypto most people know by name. People are only getting into Crypto out of greed. There is nothing innovative about Bitcoin or it's copycats right now.
It's needs to be stable before Bitcoin or any crypto will go anywhere. That needs people to actually use the thing as a currency; what it's designed for.

>>4902171

I am listening right now. My biggest mistake is having normie friends who looked at me like idiots when I said I considered me an idiot in investing in bitcoin.

Serves me right. So, any words of wizdom now?

>>4901211
You need to take risks to make money. If you never take any risks, you'll never be rich.

>>4905094
No one can guess when the bubble will pop until it's too late. There is no fixed amount of time bubbles last. It's just how long the faith in it lasts. With the way the exchanges are, if you want your money you need to play it safe and not be super greedy.

>>4901941
2k/mo doing "nothing"

This like this go on all the time, but not many people know. For example...

>spend 1k running an ad selling fans for facebook pages
>Have over $20k of order in a month
>Net around $15k
>continue for 4 months
>sell website on flippa for 40k
>repeat for the next year, doing multiple sites at a time

Those were fun days. I found 2 listings to show examples
https://flippa.com/2646418-trafficbus-net
https://flippa.com/2823786-fans-pages-com

>>4902784
>I am up 200,000 value and I dont give a shit, cause its not enough to retire.

300 here. Same feelings. Start of the year I was stressing over swings in the 10s and hundreds, now I feel nothing when it swings in the 10s of thousands. Its incredible how easily your brain adjusts to the higher numbers.

>>4901211
Even my girlfriend bought BTC and ETH.
in 2 weeks she's quitting her job to start a youtube channel about crypto.

>>4901941
You are now aware that most wealth is generated through transfer of assets. You honestly think millionaires become billionaires because they work real hard for it?
Seriously, has none of yall heard the phrase "money buys money" or "your second million is easier than your first".

>>4905094
Maybe it is a bubble but the dot com bubble lasted 4 years and involved 4 trillion dollars. By those standards today with inflation it should be 28 trillion dollars around. The crypto bubble is not over people do use crypto currencies even if not bitcoin and governments can't shut them down, these currencies will always exist.

>>4905429
>Governments can't shut them down
That's... that's actually a good point...

Okay, so at least maybe crypto won't die. I wonder. Maybe BTC becoming a currency isn't so bad if we play it right.

What a strange market. Then again, I basically learned anything I know about markets by researching shit people said about bitcoin, so I guess I can't really say I have a sense for that.

>>4905678
After all, it will just be the currency either inflating and being used, or deflating and being worth more... I guess?
Confusing, but I have literally nothing to lose since I've made off with so much profit.

>>4903547
>>4903735
>>4903749

I should point y'all towards this. Especially the debunked arguments *for* communism in section II: http://slatestarcodex.com/2014/09/24/book-review-red-plenty/

>>4901211
Lololololololol. You should have listened

>>4901211
>It feels wrong
>This isnt fair or fun anymore.
>We need to ban Bitcoin.
Are you a fucking liberal? You reason like one.

>>4905350
Dump her.

>>4901211
You know what your post feels like?
A cuckpost

>>4901211
YOU AREN'T MAKING ANY MONEY UNTIL YOU CASH OUT.

>>4902048
this guy fucking gets it.

>>4901211
poorfag confirmed

this has ALWAYS been how it works for the rich

>>4901295
nah.

Look at the distribution of bitcoins. Very few people are millionaires. The dirty secret of crypto is that very few people make large sums of money from it.

>>4902507
Just have one.
Once the missus and I are set up and in a position where there will be enough left over for my son to get a leg up once he's an adult I'm going to spend the rest of my life reading books surfing and gardening. If we had another kid that'd probably be another decade away.

>>4906329
Not really, he just sort of stated the obvious but with a cynical perspective.

Also, he's wrong about financial independence. Depends on the person and situation.

>>4901211
This is about transferring wealth from the satanic illuminati has beens into the hands of the people.
https://www.reddit.com/r/Bitcoin/comments/3rj44u/roger_ver_crying_over_bitcoins_potential_to_stop/

>>4906538
Do you the standard objections to having a single child ever get to you?

>"All the only children I know are so weird"
>"But he'll be so lonely when you two die"

etc, they're mostly variations of those two.

I really can't figure out how to weight objections like those against the ability to provide financial independence to a single kid from the start.

>>4903841
This seems like another option, but part of me says that the muh bootstraps option is actually just a meme from the past that becomes less and less relevant as the value of labor continues to tumble. if crypto makes everyone on this board financially independent, then we were all at the right time and place to catch the historical anomaly, but there's no reason to expect some kind of thing like that would be available to our kids

>trying to buy a house for a few months
>don't invest any in crypto so I have enough for a large down payment
>if I just invested it instead, I could have bought the house for cash
It kills me so much inside, I keep telling myself there will be more chances

>>4901211
>only make 2k a month
lmao do you live in bulgaria or something?

>>4901916
AND WERE GONNA KEEP WINNING!

>>4901211
>This isnt honest hard work money, this is cheat shit money.
It's called investing. High risk, high reward.

Go work at wendys if you can't handle profit.

>>4901211
Made more in 2 weeks trading than I did working an entire year as a mid level it on coin I forgot about.

>>4906541
I'd say just shut the fuck up and Listen to Uncle Dave.
"You either bend the rules or you break them, anything else is slow Death" - Uncle Dave

>>4901211
money to cash out nedds to come from somewhere. someone is working for that money. what happens when most people in crypto are jobless NEETs who want to make 100x on their investment with borrowed money? someone is going to end up JUSTed, right? it's gonna be me, right? The truth is that the only ones who will make it are those who bought or mined Bitcoin half a decade ago...

I can't believe no one said that already.

We got rich because we risked money. And we're still risking to lose everything anytime.
Also there are many people that lost a lot, we took their money, not your wagecuck bucks.

>WAAAH THIS GUY AT THE CASINO WON MONEY IT'S NOT FAIR WAHHH MOMMY

>>4907293
I'm not disagreeing with that, I just think its dangerous to not acknowledge the value of x in x^2.

>>4907372
>casino
Be careful what comparisons you use. Everything is a risk to an extant.

My mother seems to think all investment is a sin because you can "lose your shirt in it". Crypto taught me the risk is in your favour when you can either lose $100 or make $1000.

>>4907488
And the odds are um... in your... Any way my mother is dumb.

>>4901941
>People work hard for their money, yet BTC turns out so much.

wrong.
trading options was a thing in the past 100 years
so some regular avarage joes discvered people actually make more than 1% a year by investing and now they want in. its completely natural.
i mean shit, if i would get at least 5% on my fund i would be more than happy. but i actually get less than 0.5% a year which is fucking bullshit.
you should be lucky crypto exists because you don't need 20 years for it to show any margins like traditional funds

>>4907435
Nigger your talking out of your ass.

>>4904098
This, i flunked out of college and basically cant be a normie anymore, doing well so far in this game with 38k net worth in crypto since i started with 6k in late october. I finally have a fucking out of this fucked up system

>>4902048
red pill me Anon ;_; how do I make more moneis

>>4903547
I know why, and plenty of other well-motivated humans know as well. It's basic human pyschology.

>>4907522
>talking out of my ass
Jobs provide stability. A base value. When you invest that base value, it multiplies that value in some way.
You put x in, x gets multiplied (not sure why I used squaring) and get y out.
The higher the value of x, the much, much larger y will become.

>>4907842
Now, granted, some people make so much money that they are less concerned about money and more concerned about time, but a lot of people need and want some kind of stability.

>>4907633
Look for opportunities to make money.
That's about it. I won a writing contest a while back because nobody gave a shit about it. Free money.

>>4902059
>y-yah socialism is like uhh capitalism because like some people are rich and some people are poor haha uhh even in America! yeah not cool man haha

Should I wait for the bitcoin to crash again and invest in it at the time?

>>4901211
Tik tok tik tok, wasting time when you should be resting and "team building" to be a more productive employee.
Stop slacking off wage cuck.

>>4907276
>im an investor, mom!

no, you're a degenerate gambler, just like the rest of us

>>4908003
I'm old enough to be your mom.
I research and invest, not speculate.

>>4901211

>implying most jobs aren't a waste of time with no real value
>implying rich people work hard
>implying hard work is a good thing and not just propaganda to get the dumb masses in line

>>4906374
>The dirty secret of BTC is that very few people made large sums of money from it
FTFY

>>4908060
>implying you're not making excuses for being a lazy faggot

>>4907961
Wait for it to fucking stop crashing then go long on the next dip.

You sure you not spooked OP?

>>4908049
I didn't even say speculate, I said gamble

I made 50k this year on a 5k investment, and I don't call myself an investor and never would because that would be disingenuous when it's pure fucking luck that crypto went parabolic this year. My returns are so fucking disproportionate to my effort that it's basically cheating.

I could be wrong and you actually are an investor by trade, but I severely doubt it

>>4901955
Buy eth or ltc. Wait 1 year> profit

I like how you think "they" are the normies

>>4901211
Every investment could be considered meme money for people in the know. What do you think happens in the share market? Property developers? Senators? Business winners? Medical co's? This one was just one you happened across- but people are making 1000% on their money everyday somewhere. Just gotta find it.

>>4901507
this!
so much...
buy high sell low!

>>4908660
>"they" are the normies
When people on /biz/ say that, they are using it as shorthand for people who don't know what the fuck they are doing instead only seeing that something is making money. They start thinking there's no way to lose and make stupid decisions. They fear missing out.
Learn to bubble.

>>4907115
Funny thing is most realtors are so desperate to make a sale that they will actually take buttcoin as payment, let them deal with cashing out.

>>4907488
The 2007 crisis spooked normalfags away from investing. Sad really.

>Mfw making that dip 4U

>>4907948
What's the origin of retard memes?

>>4910058
>2007
I would be about 20 around that time and that's what my mother has been like this since I can ever remember. She never encouraged me to invest or anything. She was always annoyingly protective in that way and will try to shoot down anything I do that is remotely risky.

Which is funny, because my parents buy and sell antiques, own property for investment and go to garage sales to scrounge for things they can haggle.

>>4902109
>6 million

>>4910151
They originated from the Smart Wojaks, which was initially Wojak with just some brain lines, but rapidly became very elaborate. Once you depict him smart enough that his brain extends into another entity he's playing chess with, it's only natural to consider the other direction.

>>4906538
What if the one kid dies or comes out retarded or something

>>4901211
<a href="https://panel.marketagent.com/Register/Account/NewRegistration/en-US?RefUID=1326713" target="_new"><img style="border-style: none; width: 468px; height: 60px" src="http://www.marketagent.com/MA_WebResources/pic/banner/468x60_Marketagent_grau_US.gif"></a>

>>4901211
>Work an entire month
Make 8k.
>Fuck around with buttcoin for a month
Make 2k.
>Fuck around with weed stocks for a month
Make 20k.
>Put all profits from everything into a well diversified stock account and sit back as it safely accumulates 10% a year + dividends.
Feels grown up, man.

>>4901211
Nothing is stopping everyone else from investing in "magic meme money".

>>4903690
Kulak purge was truly some Zimbabwe-tier shit. Russians are animals.

>>4902048
this is a great post and i agree completely.

its incredible how this board attracts some people that think exactly like one another. i read some posts and genuinely think i must have typed it earlier and forgotten

>>4901211
There is no moral dilemma here. Banks have spent over 100 years devaluing your labor by gang banging our national currency.

Let the fuckers burn. Enjoy your back pay, moneys owed to you.

>>4905094
The tulip bubble bursted when the most expensive tulips cost at much as a very nice house in Amsterdam.

>>4912572
>tulip meme

https://www.smithsonianmag.com/history/there-never-was-real-tulip-fever-180964915/