/biz/ - Business & Finance

It's so easy to make money.

Midwits literally do not know when to buy or sell, so they're usually the ones holding the bags all the way down to 0.

>>56202888
Risk averse, they only see the path laid out in front of themselves.

What is your networth big man

retards are actually all extremely poor and spend their money before it even touches their disgusting palms

you just expect more from midwits than reality gives them, that's all

>>56202888
I'm a retard. Embrace your retardation and come to pmg and cmmg.

>>56202888
Usually the room temperature IQ people are extroverts who coast through life on their social networks and never have to apply for a job, much less gain any hard skills.

>>56202898
Not being risk averse is just gambling. And no, I don't care how educated you claim your gambles are.
It's still gambling and you get rekt a lot more than you get lucky.

>>56202888
Most retards are poor and will lose money gambling and taking excessive risk, it’s just that rich retards are the most visible. Survivorship bias

>>56202888
I thought I was smart. I have two master's degrees, and a good paying job at a Fortune 50 tech company. But, I've been DCA'ing in ICP since about $22 all the way to the $3 that it is today. Turns out, I'm just a stupid fucking goy cattle to get dumped on.

>>56202888
Bad risk management

>>56203757
>Not being risk averse is just gambling.
I wish more people understood this. People who tell you that being "risk adverse" is bad were either insanely lucky or priveleged. Notice how you never hear from the people who took risks and repeatedly failed.

>>56202888
dunning kruger effect. thinking you know enough to make educated choices when you really don't is a curse.

the best strategy for 99% of biz is to get a job, work hard, advance, save a lot, buy a house, invest in index funds and not spend anything more than entertainment money on crypto.

>>56203757
I don't think you know normies, they think index funds are too risky.

>>56203869

You really thought with a fucking name like "ICP" the shit would go anywhere? YEa guys, let's DCA into insane clown posse coin, what could go wrong? LMAO

>>56204536
Civilization was built on risk taking. Also how boring must you be to not take risks. What, you gonna wage 40 years for Shekelberg and retire at 60 cause it's "safe"? How much of a pussy can you be?

>>56202888
Nice trips.
Also can confirm this.
I have 127 int stat, but always make the wrong decisions. Feels like I just have never luck and my gut is always wrong. 7 years of crypto and I made 2k into 8k.
That’s it. At least I can wageslave until 70 and be happy about influencers that make the same in 1 month what I make in 1 yr. At least they are crucial to society, not like me, useless.

—- end of blogpost —-

>>56204617
You can take risks, fail repeatedly, and then have to wage for sheckleburg forever and never retire. This is a reality that many people live with (see the 80 year olds working at wal mart). You can't just hand-wave away the consequences of risk-taking without seriously considering all possible outcomes. I am not trying to build a civilization, I am trying to secure a comfy life for me and my family.

>>56204548
>>56204631
point made.

>>56202888
taleb distribution > fat tails > max profits.

>>56202888
The midwit IQ range is the best for money. It's statistically shown that once you hit like 140 your success starts going down because tfw too smart to talk to normies. Meanwhile someone with a 120 IQ can tard-wrangle average IQ people perfectly and someone with a 135 IQ can tard-wrangle the brighter people. Past 140, you develop communication issues with normies and have very few people you'd be able to tard-wrangle.

it's so easy to make money in this market but these guys have fooled themselves into thinking they've found something other people don't know about despite it being completely played out. if you understand that these alts are all gimmicks and won't last you know what you have to do. the midwit instead believes all alts are gimmicks except for the one he's bagholding.

some of the people who fell for these retail traps like xrp, link, avax got in before the rest of retail but they never sold and took advantage of their time-based success. instead they just became exit liquidity, buying too late into the cycle and holding all the way back down.

remember, there are more midwits than anyone else, marketing is catered to these segments. the high iq guys don't fall for it, and the low iq guys don't even understand the spoon feeding these retail traps are pushing to their bagholders. retail alts like xrp, link, avax, solana, are just crowded trades.

>>56206062
this is a common meme but in reality most of the people with very high iq just don't know it, have never taken an iq test, and have never had any problems dealing with regular people.