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/biz/ - Business & Finance

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57009290 No.57009290 [Reply] [Original]

I think it's funny that most of you would have made more money if you'd never touched crypto and spent your time reading basic finance books, working hard at your job, and just being a normie. You'd likely have a higher networth, more disposable income, and stable well paying job.
This applies to like 99% of you.

>> No.57009299

what is money supply debasement?
How do rich people (me) offset purchasing power lost by inflation?

>> No.57009301

>>57009290
shill me another good movie like this, and yes I already watched Margin Call

>> No.57009309
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57009309

>>57009290
Doesn't apply to me faggot and I will make it in next ~6 months.

>> No.57009315

>>57009290
Nigger if I spent more time on crypto I'd be a millionaire already.

>> No.57009320

>>57009290
>construct mr shekelsteins mcmansion
>or free yourself of servitude to a system designed for 60 years to rob you blind
>call it

>> No.57009326

are you an actual mongoloid?
the average /biz/ user is not a normalfag = no wagecucking, invested 4-5 figures in 2017-2018, and is in 6-7 figures range today
if you ARE a cuckoid who wants to slave for shekelstein, why would you be here
use your brain, moron

>> No.57009382

>>57009326
Lmao you have to be an absolute fool to believe most people here on some kind of investing savant sitting on hundreds of thousands or millions of dollars.
I'm not saying you can't invest in crypto and try to make it, but if you'd also spent your time and money elsewhere, you'd be far better off and closer to making it because you'd have actual real disposable money.

>> No.57009430

>>57009301
In Bruges

>> No.57009441

>>57009430
good taste, but seen it

>> No.57009448

>>57009441
Lobster.

>> No.57009453

>>57009290
>its about making money
I don't think you understand biz.

>> No.57009464

>>57009441
Detective Story (the 2007 Takashi Miike film)
Kontroll

>> No.57009476
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57009476

>>57009448
>>57009464
will check

>> No.57009496

>>57009290
>basic finance books
No thanks, I don't like pseudoscience or science fiction books

>> No.57010643

>>57009299
Checked

Just buy and hold Bitcoin, ya’ll.

>fiat money picks the pockets of savers.
It steals the economic energy of millions who have their sacrificed finite time on earth for money that the state can print up for free.

>> No.57010708

>>57009382
You can read books and work hard while also having a crypto portfolio
It's what I did.

>> No.57010748

>>57009382
He is right. Now answer him you cuckold.

>> No.57010793

>>57009299
>what is money supply debasement?
It's not a thing and also inflation is not a monetary phenomenon.

>How do rich people (me) offset purchasing power lost by inflation?
You're not rich.

>> No.57010821

>>57009290
Hey OP, my burger isn't hot -_- fix it or I'll call your manager right now.
Yep you'll definitely buy your own house in 10 years with that wagecuck salary.

>> No.57010891

>>57009290
This is simply not true, if you DCA in 2023, you would have done a x2.
DCA into a basket of cryptos (like top 100 marketcap, weighted toward larger coins) over the last X* years and you would have beaten S&P by a large margin.

*Don't need to cherry pick anything, you could have bought at the top and then continuously deposit a fraction of your monthly wage and still be significantly up.

People that loose money either only buy near the top or have all their money in a single or few coins.

>> No.57010925
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57010925

>>57009290
>basic finance books
I would enjoy recs please and thank you

>> No.57010938

how in the flying fuck would i have turned $1500 into $14 million outside of crypto? huh?

>> No.57010958

>>57010793
>inflation is not a monetary phenomenon
>dancing around words this much
it's a parasitic phenomenon, correct. it's a hidden tax and therefore theft.

>> No.57010959

>>57009301
*maybe* 7 psychopaths

>> No.57010963

nah, nothing good comes out of being some corpo wage slave, unless it's used as a launchpad for skills.

>> No.57010976

Kys nigger.

>> No.57010984

>>57010891
This is a neophyte strategy. It’s okay, because we all start there. Diversifying into many cryptos is a sure fire way to lose most of your investment. Just buy and hold Bitcoin, it’s that simple. I’ve invested only 5-figures over the last 7 years and now have high 6 figs. Would have been into the millions if I hadn’t messed around with shitcoins and “diversification”

Trust me, you don’t think it will happen to you but I guarantee that SOL and AVAX and the like will end up just like NEO and PRL and EOS.

>> No.57010988

>>57009301
watch Crash (1996), it's another thriller but it has the weird feel.

>> No.57011302

>>57010984
You arent making significant gains by buying sergeys proof of concept project

>> No.57011329

>>57009299
you don't.
in an economy, you don't need to be richer than your former self, you need to be less poor than everyone else. so if you lose less than most people, you are in fact a winner.

>> No.57011732

>>57010984
Incredibly based oldfag

>> No.57011903

>>57009382
>some kind of investing savant sitting on hundreds of thousands or millions of dollars.

Are you new? Anyone dcaing just this year has doubled their money. It appears you could not endure the link fud and therefore will not make it.