/biz/ - Business & Finance

>>52439888
You're probably smarter than a good chunk of the planet's population, plus you got cool digits

Are you sure you didn't deserve your millionaire status?

>>52439888
Don’t worry fren, the real wealth was the friends you made along the way

So, you have $100,000 for doing fuck all, and you're sad because??
You've got the funds to buy or start a business. Which puts you at, just guessing, probably 1 in 15 of those under 35.

>>52439917
He's smart for not taking profits? What?

>>52439888
Dude you still have enough to buy a small shack somewhere in the woods and live off neetbucks.

>>52439954
No, just generally for hitting the million dollar mark

It made sense to me that it would keep going up.
To me it was a new technology intrical to this new digital age.
The future elite would be the guys who accumulated early. All the amazing entries on the biggest and most important coins were reserved for got there/saw it first. And everyone who comes after would have to get a smaller amount at a higher price.
I thought there was no way that people would just sell and and sell to the point where even Twitch watching zoomers who listen to Drake would have the chance to buy where the basement dwelling, disregarded and unwanted yet keen degen bought.
I thought there was fucking way we would let that happen. And yet here we are.
There is now no real difference between the early guys, and the Drake listening normies.
Doesn't sit right with my soul, none of this does.
I genuinely can't believe we ever let this happen.

>>52439980
>rich kids are smart
That’s your logic

>>52440004
>There is now no real difference between the early guys, and the Drake listening normies.
True autists will always find plays before normies. They will always have the normies pump their bags. Crypto is still a meritocracy (or the closest thing to it right now) and you can still retire early if you're of passable iq.

You fags are so dramatic, lol.

>>52439888
witnessed anon

>>52440092
Crypto's image has been ruined by rich faggots who convinced normies it was all a scam. We lost.

>>52440033
Rich kids who didn't inherit (most of) their money? Yes.

>>52439888
But what is your trading journey? how much did you start with?( ´◡‿ゝ◡`)

>>52440134
nobody will remember this shit in a couple of years

>>52439888
Fren, most normies take a 2x or a 3x and leave. They never make a lot of money. They don't have the balls. During bull runs it is just more and more normies taking 2x and 3x returns.

>>52440349
And then we get another 5 months of bullish price action and another 3 years of dumping

>>52439888

You got 3 repeating digits without a bot. You are one of the few who will make it.

>>52440134
>Crypto's image
Normies were always going to sully the image to a degree -- that's part and parcel of mass adoption. But we're always finding more niche scenes within it that the rest are late to. Honestly there aren't enough minutes in the day to kvetch about normies ruining the image of things. It's what they do.

>>52440377
i know it's cliche but next time will be different. The scams are done. FTX got away with it because there was zero scrutiny but it won't happen again. Regulation is coming that will make ponzis and scams harder to pull off. Investors will also be more discerning and won'r be as eager to blindly trust with no due diligence. Exchanges will compete to appear the most trustworthy and above board. Most of the shitcoin garbage will die when that happens and only the legit stuff will remain. I truly think this was the shitcoiners final hurrah. But we'll see. In any case, no normies will remember the name FTX by this time next year

>>52440454
>whee, the stuff we created crypto to avoid, is totally gonna save it!
nigger, get fucked.
the space will create solutions, governments just lock in winners in the worst of shit, until the entire thing collapses even worse.
Stop sucking the dick of people who shoot others for a living.

>>52440481
"the space" totally fucked this one up. some regulations (or enforcement of existing regs) could have prevented all of this. and yes I think there will also be greater self-regulation in the industry. You're already seeing every exchange rushing to do proof of reserves. Exchanges will now have to compete on who does more to show they're honest and legitimate. I think it'll also be the end of self-issued tokens being used as collateral. nobody is going to allow that shit anymore and will be on the lookout for it.

in any case doesn't matter if I like regulations or not. they are coming, there's a demand for them now, it's not something that can be ignored after an unregulated exchange pulled of one of the biggest scams in history. It's happening, and things are going to look different going forward

>>52439888
I'm in a similar position but worse, from 0 to over a million dollars in 2021, now I'm sitting here with 250,000 which might sound nice but I just got a letter from the IRS today saying they want 500,000 by the end of November for last year's taxes, I'm financially fucked and I'm not sure what to do, I'm probably going to prison soon.

>>52440627
regulations just mean they KYC you and lock your wallet for wrongthink.

regulations just means you need to have an LLC and a license to deploy a token contract

it wont and will never apply to stopping jews from jewing the common man