/biz/ - Business & Finance

>>53149463
Shut up, I'm not listening la la la la. I'm going back to /GME/ and Superstonk.

>>53149463
Because in poorly developed countries like America the only way to make it is gambling

It's not uncommon for people to become emotionally invested in a particular stock or group of stocks, especially when they have seen the value of their investments rise significantly. This can lead to a phenomenon known as "cognitive bias," where people believe that their investment is different from others and will continue to rise in value, despite evidence to the contrary. It can be difficult for people to let go of these investments, even when it becomes clear that they are not likely to perform well in the future. In some cases, people may also be influenced by social pressure or a desire to fit in with a particular group, which can further cloud their judgement.

>>53149493
and im not even meaning you should sit and day trade or something. but if all good news you have is some schizo NEET posting about "Muh ryan cohen", maybe actually invest in profitable stuff like apple or mcdonalds?

>>53149463
>Solid things
Name 1 "solid" stock that will do anything OTHER THAN bleed out 2-10% per day. Jews are tightening the clamps on the economy's balls so no matter what I buy or hold it's all melting down anyway

>>53149493
SHUT UP SHUT UP LINK $1000 EOY

NOT LISTENING FUCK YOU LALALALALALLA 123 123 123

>>53149537
apple, amd, mcdonalds, monster, ford, boeing, disney

>>53149463
Am I an ICP cultist if I acknowledge dfinity's flaws? The main problems with ICP is not the tech, it's the token distribution. This will be fixed in the coming years.

>>53149463
lol i made that pepe I also hold a lot of ICP

>>53149695
Based piss marine. Wagmi and fudders will all burn in hell for eternity with The Bankman.

Because the days of the US market giving a predictable and solid return on investments are gone. The USA is a banana republic and billionaires are cashing out as much as they can before the whole rotten edifice collapses. There are no value investments anymore. If you're a gambling degenerate and you happen to make it congrats but you're in the minority of a minority. If you're investing for future profit you may as well just burn your cash in crypto scams and memestocks because you're going to wind up with the same gains.

Because I'm stupid and I overbought GME shares and now I have a loss. How do you expect me to be able to trade the market?

>>53149695
>I also hold a lot of ICP
Can you show me at which point you've decided it's a good investment?

>>53149463
most of them are low IQ minimum wage types. they invested their high 3 / low 4 figure life savings and they don't want to realize a loss.

>>53149463
they believe it's their golden ticket out of poverty. not believing it means realizing that they will be flipping burgers/stacking shelves for the rest of their lives.

People become attached or 'married' to their investment. They naively think they hold knowledge the rest of the world isn't privy to and daydream about how this one moonshot will be their lottery ticket to their real life. They are so adamant in their belief that they can't fathom anybody criticizing their investment choice and when they have no real arguments they resort to believing any detractor is a paid fudder by some big conspiracy.

I know all this because I was the same with silver. Now I only buy silver when it's near the cost of production (around 20-21 USD), because I'm no longer married to my investment, I can see things logically and clearly over long periods of time to limit my downside risk. I've diversified into multiple different assets and I'm no longer deluded into thinking a few thousand dollar investment will be my lottery ticket. The fact is most of us are poor and better off spending time managing our money (spending less) and working harder in areas which pay us well for our time, than to obsess for weeks on end over breadcrumbs and conspiracies. I see this cult-like behaviour in Link threads, GME, BBBY, XRP and even /pmg/ to a lesser extent but they at least own something tangible which will never go to zero.

>>53150050
I started buying early 2022, my average price is $13.80 and I'm down about 70% or $17k. I still think it's a good investment so I keep slurping it along with other things

>>53150180
>I keep slurping it along with other things
Why? Old tokens never come back, why would people buy your shit when there's gonna be new projects without thousand of baggies like yourself?

>>53149463
GOD BLESS SAINT DOMINIC OF ICP!

>>53149463
im a defi schizo and i refuse to trade using convenient cex trading platforms, and trading in dexes means you get scalped and rekt by chain fees. So its better if i just buy hold and pray it moons

>>53150071
>most of them are low IQ minimum wage types
GME and AMC yes, but i doubt anyone working at chipotle is a LINK maxi, they always fall for shit like XRP and Cardano because they have the most reddit exposure

>>53150216
>Why? Old tokens never come back

still feels like ICP never got a proper run, marketcap is relatively modest, SBF fucked with it, and 3c VC scam fud is priced in. Ethereum was a 2017 coin that was sitting around $150 before covid, and is still sitting 3x higher against bitcoin. All this is still ignoring the fact that ICP complements other chains rather than just claiming to be THE ethereum killer. Not many people predicted NFTs taking off like they did, so I think ICP is a good buy just like Ethereum was. Lots of unknowns but ICP is at least bringing a lot of new capabilities to the space

>>53150463
>still feels like ICP never got a proper run
Check the chart moron

>>53150987
they launched like 2 days after Elon was on SNL. They released it on possibly the worst possible day. It dumped with all of crypto until june 2021. Then went from $30 to $80 before following the whole market down again. So once again I'll repeat it for mouth breathers like you. It never got a proper run

What if I literally cannot sell?

>>53149463
because the majority is lazy.
they think they can just buy something and become a millionnaire without putting in any work.
they obviously ignore that there exists no field of expertise where you can just come in and start winning. every profession requires years of experience. even a prostitute has to know what to do and what not to do.
they think that financial markets are different for some reason.

Understanding how the stock market is intrinsically built.

>>53149639

Yes because you think the tech means anything (hint: it doesn’t and the market does not, has not and will not care) and you keep repeating this for a shitcoin.

>>53149463
Link at least had a good run and is better then most coins.

>>53149463
>lists ICP next to all those scams
Is this a subtle targeted attack on /our/coin??

>>53149463

>>53149463
>lists GME next to all those scams
Is this a subtle targeted attack on /our/ stock??

>>53149463
>btc is the same price it was five years ago
>btc is not inflation proof or even resistant
>btc cultists celebrating because custody conversations mainstream because of celsius
>engage hodl mode until the next halfing fellow cultists
>no adoption or usage of btc in years
>el salvador dude probably holds paper corn
your brain on btc after more than a decade to make progress all they have is stale memes and wallets
the future of money folks

>>53149463
>GME
on the fast track to bankruptcy
>AMC
on the fast track to bankruptcy
>BBBY
on the fast track to bankruptcy
>LINK
token not needed
>ICP
the future

>>53149463
They aren’t investments they are cults. People just want to be part of a group.

>>53149537
Sit in cash or buy 3 month T bills. Why do niggers think they have to be invested 365 days a year? Fund managers tell you this because they literally have to be invested. You don’t. Just wait.

orders fu

>>53150009
Sell the shares and buy a real company you fucking idiot. Why is every poor person infected with sunk cost fallacy?

>>53152844
Back to plenitude wagie

>>53150050
U/Opinion_is_unpopular is a Wallstreetbets mod who's actually a Citadel employee, he can't refute it so he deleted his texts Backtracking insider pics from Citadel’s Disney event claiming to be goofy

Lol dude when is this pedo getting RICO'D?

>>53150130

>>53152863
Cherry picking.

>>53149463
>I can't sell now, I held for so long, what if it goes up? That will feel like a huge loss and I want to avoid that at all costs.
It's not rational behavior. Most have written off their investment mentally so they can avoid thinking about it. It's bizarre, just enter a LINK thread.

>>53151220
Why did you do that? Give up the only power you have as a crypto "investor" over the decision making of the company who sold you their token? I hope it was worth it financially

Gme is fun and I think it'll make me money. Low debt, liquid cash assets, running lean. LINKs been around for over half a decade. It's just part of the cryptosphere now and I think it'll probably make me money if there's another crypto cycle. The others are sunk cost fallacy not grounded in fundamentals.

>>53149811
>you ahould burn your money because the sky is falling anyway
meds, take them.

>>53151198
>cope

>>53154629
>hoping

>>53149493
thanks gpt bro

>>53155448
>confusing thinking with feelings
You have no rational basis for those beliefs. You are literaly making excuses to justify your bag holding. Youy are clearly too emotionally involved to think rationally.

>>53152574
At least they have a reliable oracle, and those who hold the link will soon be able to rejoice, who knows? I'm keeping a watch on additional coins that have functional products similar to CryptoXpress. The unstoppable domain has recently been integrated.

>>53149541
No hopium here. I'd rather just buy ETH, ORE and ATOM.

>>53152929
Damn, GME and AMC will die
>>53155642
>>53155666
>>53155692
Careful when investing folks

>>53149463
Most bizfags just don't know when to take profits anon. I for one always take my profits for staking Sylo and Near on Huobi and invest in my clothing line

>>53155799
Based

>>53155786
I researched the project before making an investment and even used some of the services it provided. Take use of multiple services on an single platform. I feel at ease accessing because of that. >>53155820
Are you also investing the same coin fag?

>>53149463
Trading technicals is hard, taking a fundamental trade idea is easier but takes longer to play out.
As long as the trade idea is valid, you should stay in

>BBBY down another 10% in premarket trading
TRUST THE PLAN

>>53152993
I just hope it goes back up a bit to reduce my loss, then sell. I honest to God wish I was smart enough to understand all those options, future, calls, puts etc thing....

>>53149463
I don't like this pepe, it just isn't right

>>53156992
Why?

>>53157018
It's like the top part of him was cut off, is disturbing

>>53152504
>shitcoin
Shitcoin is a term used for erc20 because they are all just eth spin offs. I don't think you even know what ICP is.

>>53157029
Ayyy

Unironically LINKs tokenomics (non inflating supply) and the fact it is the crypto's standard (95%+ of oracle market) now with staking out it's a no brainer for me. FUDsters I bought at 50 cents, sold at 50$ and pocketed 30% of profit and re-invested rest this autumn 5xing my old stack.

>>53149463
>BBBY down 23% so far today
Should I slurp this spicy dipperino?

>>53158166
i think this is the final dip

>>53158349
final dip before the R.I.P.

I think part of investing is having patience, and in some cases, having a lot of patience. However you could say that assets like these go beyond having patience and the people buying them are in fact marrying their bags.

I can sympathize though, I've been a XOR baggie for years now despite DOT shitting the bed multiple times.
Also another aspect of it is nostalgia+lazyness believe it or not, you feel comfy holding these shits even if they did you more bad than good because there was a time where they were fantastic assets

>>53155666
>Low debt, liquid cash assets, running lean
>no rational basis
uh-huh, sure

I want to force my way into a brick wall until I make it because research means nothing anymore.

>>53158505
Dot is the future nigger shut your mouth

>>53157104
you're a deranged cultist and no amount of cope posting will change that

>>53158505
what kind of fucking mentally ill loser would stick to a failing coin just because it's "comfy"?

>>53158572
thats something bizraelis would say unironically

>>53149463

>>53149463
Sunk cost fallacy mixed with group think and a lot of stupidity. We're talking people that don't even understand fundamentals

>>53158606
I'm a bagholder but I don't cross any of them.

>>53149463
>breadcrumb
This. Soon as your project starts mentioning that its over. Get out immediately.

>>53155448
LINK would make money but partners like ALBT have a better chance to make a good run during the next bear market.

>>53149463
theyy dont know what the fuck theyre doing

> t.

As someone who fell for the GME mania, and have since exited out; it's laziness. There is lots of money to be made on the market, but it requires work. If you want to invest, you have to look at valuations, research sector viability, etc. If you want to trade, it's off to the charts, economic calendar, etc. Either way, it's work.

Now buying GME on the other hand was a promise of moonshot money without any of that work (just buy!). They even tell you to remove your stop losses, and when you do, you don't even have to check your brokerage to reinvest. DRS? I did it too, and whatever you sent there is basically illiquid, so no need to monitor it. It's the ultimate lazy man's game, just one no one can win.

I've exited all my GME positions, and bearly managed to break even through buying puts against the 2022 bear market. But at the same time, I've missed out on a lot of opportunities while bagholding GME. This was a painful lesson to pay for, but hopefully it pays off by letting me know how to spot these modern get-rich-quick schemes and short the fuck out of them

>>53149463
1. Low IQ
2. Struggling financially
3. Searching for community and meaning
4. Watched too many Marvel movies

>>53158572
Kek, I always take profits anon. As a matter of fact I am warming up for my staking yield for my RIDE and EGLD on the Maiar Dex