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/biz/ - Business & Finance

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51385300 No.51385300 [Reply] [Original]

>overconfident people with low financial literacy, were found in a US sample to be much more likely to own cryptocurrencies
>Another study spanning 15 countries found that the financially illiterate are much more likely to own cryptocurrencies.
>Bitcoin ownership from 2016 through 2020 was concentrated among young educated men with high household income and low financial literacy.
lol retards

>> No.51385324

>>51385300
Doesnt matter what your literacy is, as long as number goes up

>> No.51385336
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51385336

/biz/ is not prepared for Ben Felix and rational reminder, way too many day traders and gamblers here

>> No.51385350

>>51385300
If you're so financially literate, then why aren't you rich?
>>51385324
This.

>> No.51385589

>>51385300
those dudes look like retards.

>> No.51385705

>>51385300
define "financial literacy"

>> No.51385783

>>51385705
>define "financial literacy"
being able to answer 3/4 of these questions:
>is it safer to put your money into one business or investment or to put your money into multiple businesses or investments?
>suppose you need to borrow $100, which is the lower amount to pay back: $105 or $100 plus 3%?
>suppose you had $100 in the savings account and the bank adds 10% per year to the account. How much money would you have in the account after five years if you did not remove any money from the account? The answer options are more than $150, exactly $150, less than $150?
>suppose over the next 10 years, the prices of the things you buy double, if your income also doubles, will you be able to buy less than you can buy today, the same that you can buy today, or more than you can buy today?
unsurprisingly, cryptotards miss at least two of these

>> No.51385980
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51385980

>>51385336
I listened to several dozen episodes before giving up once they Flanderized themselves.

There are some great episodes, and to their credit, they have brilliant folks on who cheerfully BTFO everything they stand for (e.g. John Cochrane).

But you know it’s a bad sign when Ken French and Gene Fama—the fathers of factor investing—are far, far, far less bullish and confident about factors then their adoring fans THE HOSTS.

Ben is smart, albeit Canadian. I look forward to who he’ll be in ten years.

>> No.51385999

>>51385783
who cares. crypto goes up 100x+, your questions are hella gay

>> No.51386014

>>51385300
>financially literate
>didn't invest in btc in 2016
pick one

>> No.51386023
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51386023

>>51385324

>> No.51386030

>>51385300
brutal hairlines

>> No.51386183
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51386183

>>51385980
> then their adoring fans

Than*

>> No.51386192
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51386192

>>51385783
>single investment as long as it is Efferium (ticker: ETH)
>doesn't matter because I will be paying back exactly $0 either way
>less than $150 in today's dollars assuming 8% inflation per year
>more because my investments 1000x when they turn the money printer on
how'd I do?

>> No.51386206

>>51385300
>takes advice off jewtubers
kys

>> No.51386227

>>51385300
Fantastic...
Now show me what tribe has high financial literacy.

>> No.51386597

>>51385589
>those dudes look like retards.
They're probably much more intelligent than you are.

>> No.51387635

>>51385783
thats 12 year old school math not financial literacy.

>> No.51387651
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51387651

>>51385300
>>overconfident people with low financial literacy, were found in a US sample to be much more likely to own cryptocurrencies
Sounds like your average link, xmr, icp, xrp, algo, lunc etc. holder kek.

>> No.51388525

>>51385300
>financial literacy
sounds gay and jewish.
anyway, don't you think people good with financial literacy would stick to the markets they already know?
crypto is sort of an "outside the box" thing to those people.

>> No.51388644

>>51385783
1. depends on how much mone you have
2. usury is a sin
3. no bank on the planet pays 10% interest
4. that already happened and my income didn't double

>> No.51388693

>>51385300
>we asked a few TVM questions to randoms and found out most people are fucking stupid. Also, if you're tech illiterate you don't own crypto and if you spend a lot of time thinking about interest rates you get antsy about risk
What an amazing illumination of mankind. Show me your YoY returns and I'll show you mine.

>> No.51388705

>>51388525
They ended the paper by crypto should be dominated by sophisticated investors and policy makers and central banks should be worried.

>> No.51388770

>>51385980
>albeit Canadian
Shut the fuck up, mutt.

>> No.51388778

>>51385300
>Literal who on YouTube.
No thanks, boomers too.

>> No.51389172

>>51385300
Fiat ownership is spread all over the population. I believe the general population is even more financially illiterate desu. Also owning Bitcoin is a pre 2018 thing

>> No.51389216

>>51385300
>financial literacy.

Code for "buy boomer bags".

Could it be that young people with money are more likely to take financial risks?

What a dumb thread, OP.

>> No.51390111

>>51385300
>educated men
>high household income
>low financial literacy.

>> No.51391671

>>51387635
>thats 12 year old school math
exactly. and coinfags are unable to do it
>>51390111
educated != financially literate
high income != financially literate
how much you make is irrelevant. financial literacy affects how much you keep and how much you lose

>> No.51392056

lmao cope midwits. We've seen financially 'literate' economists get every major prediction wrong for the past 20 years. Meanwhile retards buying dogcoins outperformed everyone.