/biz/ - Business & Finance

I have white skin

no fucking shit Sherlock, the market is taking someone else's money.

>what makes you think you're on the winning side

I don't know, maybe the extra $100k in my wallet?

>>8239081
earnings > 0

I'm not

>>8239081
>average earnings in crypto market is 0
Lies. The market cap went from 0 to $380 Billion. People made money on average. We don't know what the average is, because we don't know how many people have invested in cryptocurrencies.

>>8239081
I do my own record keeping and can see the numbers in my account. And I didn’t hold through the crash like a hopeful dumbass.

>>8239081
>What makes you think you're on the winning side of the equation?
im a little higher up in the ponzi than the newfags

Still op like 400% and I only invested money I'd blow anyways so I'm pretty fucking grateful, still holding though

>>8239081
Just cashed out 10x profits, that's how. What the fuck kind of questions is this?

>>8239333
Finally, someone on /biz/ who knows that not every market is a zero sum game.

>>8239512
small cap moonshot i hope anon

>>8239081
>biggest transfer of wealth in history

>>8239333
checked but market cap doesn't really explain anything, it's just a made up number although it is taken to heart in crypto so still an important clue

>>8239333
>>8239574
even if the house didn't take a cut, what do you imagine the average take away of a casino patron is?

>>8240226
If you're referring to poker, zero, because it is zero sum.

>>8239692
>>Falling for the market cap meme.
The chart is all that matters.

bcuz i was a winning poker player too

not hard to outsmart the masses desu

>>8239081
I made 214k and cashed out. It's not alot but I got about 16000% roi in a year and didn't lose money like most of the newfags.

>>8240308
is there a reason why crypto isn't?

>>8239081
Invested $600, I bought a third car to work on and spent two weeks on a European vacation, all paid for by crypto earnings. After all said and done I have $3k invested. If what you say is true this is holocaust-tier math

>>8241060
The definition of zero sum game. You should look up the meaning of something before you use it. Stocks and bonds aren't zero sum either.

>>8241134
stocks aren't zero sum because they represent companies that make stuff, hopefully at a profit. bonds basically print fiat.
if you sell a coin to person X for $10, he's out of that $10 until he can sell it to Y for $11, and so on. no value is being created, just larger and larger amounts of debt.

>>8241216
I think you're confused about what it means to be a zero-sum game. Read up on it. Look at the differences between derivatives and other asset classes.

>>8241216
Anon, you do not understand the concept of zero sum. Stop trying to talk big on /biz/ if you actually don't know what the terms you're using mean in the first place.

>>8241380
>>8241436
yeah, it's not that complicated of a concept. crypto isn't a derivative either.
if you swap out crypto with physical poker chips it just people exchanging those chips for more and more money between each other. in the end the sum of those exchanges is still zero.

>>8239260
this

>>8241436
>>8241380
still waiting for a reason why crypto isn't a zero sum game, other than "you don't know what that means".
genuinely curious for what mental gymnastics /biz/ can come up with.

I'm up 3090% from June. I put I $650. You do the math. The next bull run is going to make me upper middle class rich boiiiiiiiii

Yes and the average number of testicles is roughly 1. Averages don't mean shit nigger

>>8239260

came here to say this.

>>8242098
>not realizing some tokens bring in value like stocks

>>8239081
>What makes you think you're on the winning side
Honestly, the sheer amount of threads like this displaying an utter lack of basic knowledge or ability.

>>8242098
The reason no one is answering is not because youre right, but because its clear that explaning why youre wrong would be a waste of effort.

>>8241216
what is the secondary market, especially if there's no dividends or buybacks (majority of stocks)

>>8239333
This isn’t true, if everyone cashed out there wouldn’t be 380 billion dollars coming out, there’d only be as many coming out that went went in. Your portfolio value might be valued at x dollars, but you don’t have x dollars until you cash out and physically have the money.

>>8239081
>Ultimately, the average earnings across all crypto investors is $0.

I agree.

However, about 10 minutes of clicking around a few years ago got me 6500 Stellar Lumen, which is now $1500 in my bank account, $350 "cash" on Coinbase, plus $720 (currently) in Bitcoin, Ethereum...and Stellar Lumen. Plus I had another $1000 which I spread around in various ways (including giving out about $100 of it on a thread on this board).

I was going to mine Bitcoins years and years ago, but I had an old shitty graphics card and running the miner was a pain. So I didn't do it.

It's a scam though, people are better off focusing on other things.

>>8242178
are you paid dividends for that value?

>>8242213
I can't figure out what line you've drawn between secondary markets and crypto not being a zero sum. help me out here

If you can't outperform the masses I don't know what to tell you. Most here are 18-40 year old tech savvy people competing against literal boomers, niggers and simpletons.

>>8242323
i'm saying the stock market is basically a zero sum game too for the vast majority of stocks and participants.
dividend yields (measly 2%) and buybacks are the only time money actually comes from the companies back into the market. otherwise it's the same zero sum game as crypto.

>>8242384
average return for the stock market is 10%, minus inflation.
beating the stock market is zero sum, but on average you still get that 10%.

>>8239081
Probably the 15k i made since January. Idk just a hunch

>>8242384
>buybacks are the only time money actually comes from the companies back into the market
also what? that's not what buybacks are. as a share holder it doesn't matter who buys your shares.

if a widget company suddenly cuts costs in half due to some innovation, it can either use that extra profit to pay dividends or grow the company. both are money in your pocket.

My ability to defer gratification

>>8239266
this