/biz/ - Business & Finance

[Anonymous No.15529103]

Why is /biz/ so focused on crypto instead of more traditional investment options like stocks or real estate or bonds?

[Anonymous No.15529109]

>>15529103
boomer pls go

[Anonymous No.15529118]

they arent old enough to make a real brokerage account

[Anonymous No.15529397]

>>15529103
Younger audience means a higher propensity to be interested in more volatile investment vehicles
Why the hell would I invest in 2% CD's or 6% dividend ETF's if I have a time horizon of 50 years

[Anonymous No.15529404]

>>15529103
check the /smg/ containment thread

[Anonymous No.15529427]

>>15529103
Because they're still young enough to believe in easy unearned wealth.

Because they're young and think they have to have a large stake to invest in stocks.

Because no one taught them the importance of proper investing.

[Anonymous No.15529440]

>>15529103
>BTC, the oldest and least volatile coin in crypto goes from $3500 to $13000 in a few months even after the catastrophic 2017 bull market
>Why don't you guys talk about gold, real estate, or bonds more?! Buy stocks at the ATH with a recession right around the corner!

[Anonymous No.15529478]

>>15529427
>>15529118

>pssshhhh... kids these days with their bitcorns can't get rich off BTC and ETH
>they have to invest properly in bonds and CDs that yield 3% annually so they can retire at 75
>heh dumb kids
>what's that, chainstink?!
>hahaha nobody actually bought this it's clearly a ponzi scam and only worth 20 cents!
>w-what, it's already $5?
>bitcoin is past $10,000 again?!
>h-heh... these KIDS will get what's coming to them
>that's right, nobody over the age of 20 invests in crypto they're all KIDS that don't know the fundamentals of investing!!!

[Anonymous No.15529484]

because its not a boomer board fucking boomer

[Anonymous No.15529515]

>>15529118

[Anonymous No.15529592]

>>15529103
or, ya know, starting a fucking /BIZ/NESS.

this place sucks, the real money is in creating businesses for yourself but every edgy faggot on here just wants to swing trade and hope they make it. businesses give you income, investing/trading allows you to (potentially) grow your money. one is like a parking spot, the other is like owning the lot.

[Anonymous No.15529611]

>>15529103
we're too smart to buy bags from boomers at the top

[Anonymous No.15529620]

>>15529592
why don't you lurk a bit more newfag because there's a thread almost every day about people running their own business'

Or you can always go back to r3ddit, that's a much more preferable option for everyone involved

[Anonymous No.15529625]

>>15529103
Babies have no patience and want to get rich quick (gamble).

[Anonymous No.15529638]

Well I run options and just tried out crypto recently.

[Anonymous No.15529649]

>>15529484
Cant stop us!

[Anonymous No.15529652]

>>15529103
because crypto has unprecedented upside and it's a hedge against fiat

[Anonymous No.15529734]

>>15529620
>there's a thread almost every day about people running their own business'
compared to the 400 crypto threads? lmao, retard. I've been on /biz/ since day one, have you? By and large, the dominant mindset is not entrepreneurial or business orientated, it's centered around trading.

what a shitpost, i shouldn't have even honored you with a reply

[Anonymous No.15529761]

>>15529103
Traditional investments are a part of the old world order.

The new world is primarily virtual and geared for an, initially gloabal, but ultimately interstellar civilisation.

The base idea of memes and the imageboard concept are to transcend language barriers, which inhibit comprehension and therefore involvement by many people.

Consider that of all native speakers, many have a very limited vocabulary and so are excluded from discussion that uses words they are unfamiliar with.

This is an experimental way freemasonry has tried to bridge that gap.

[Anonymous No.15529782]

>>15529625
>Babies have no patience and want to get rich quick (gamble).

This is correct but they overlook the fact that this is entirely possible on the stock market with options trading.

[Anonymous No.15529923]

>>15529734
Obviously the vast majority of those threads are pajeet shitcoin threads with their main posting body consisting of telegram or discord trannies. Either you have an IQ under 100 to not see this or you're being willfully ignorant of it. Either that or you're LARPing about being here that long.

Obviously people are going to flock toward the thing with the highest rate of return for the lowest effort. Why would someone make a business to work over 12 hours a day on when they can simply wagecuck and put it all into LINK and outperform not only the statistical probability of success but also require no effort aside from research? As for trading most people talk about the actual usage behind the coin or simply shitposting. The only posts about trading are usually mocked by everyone else

[Anonymous No.15529940]

Broke ass neets that think they will never have to grow up if they just put their disposable income in the right coin.

This is one of the most toxic and useless comunities there is in the internet.

[Anonymous No.15529944]

>>15529923
>Obviously the vast majority of those threads are pajeet shitcoin threads with their main posting body consisting of telegram or discord trannies. Either you have an IQ under 100 to not see this or you're being willfully ignorant of it. Either that or you're LARPing about being here that long.
Yep
>Obviously people are going to flock toward the thing with the highest rate of return for the lowest effort. Why would someone make a business to work over 12 hours a day on when they can simply wagecuck and put it all into LINK
You lost me.

[Anonymous No.15529954]

>>15529761
freemasons invented memes?

[Anonymous No.15529967]

>>15529944
How much link do you have

[Anonymous No.15530023]

>>15529592
there's always threads about starting a business and/or alternative income sources (i.e. dropshipping), because one can get bigger gains and afford to take more risks if they have a source of income, literally 1 + 1 = 2

[Anonymous No.15530046]

>>15529923
also, some people may feel that they have more control over their investment with crypto
If they shill well they could get many people to invest in their coins, which worked in late 2017 when people had a high risk tolerance
At one point KCS referral threads made up 10% of the threads on /biz/

[Anonymous No.15530057]

>>15530046
The words "Kucoin" and/or "Kuckoin referral" are actually still censored because of that, how time has flied...

[Anonymous No.15530177]

>>15529923
I'm not arguing whether their pajeets or trannies, I'm arguing that the dominant threads are not orientated towards creating business.. This is the arguement, remember? Are you actually retarded?

>Obviously people are going to flock toward the thing with the highest rate of return for the lowest effort.
Crypto has the **potential** for the highest rate of return, but omitting risk is silly. Also, how long are you gonna wait? A year? A business can be generated and grown 10x that within that timeframe.. I understand the potential for returns here, to be clear (I bought NANO when it was still called RaiBlocks and only on one exchange - I made 30x on that trade).

>Why would someone make a business to work over 12 hours
Cherry picked silly example. Just take service arbitrage, for example. It's like no work and very scalable. If your business model involves you working that much regularly, you're just a wageslave again. I mean yeah, when starting out you may have to pull weeks like that for awhile, but.. /shrug.

Also: you're disparaging the idea of starting a business while also claiming /biz/ is supportive of this idea, do you see the irony? I'm not claiming crypto is dumb, I'm claiming /biz/ is disportionately focused on crypto.

>>15530023
>always
no, even if this was the case, I'm saying that the ratio of biz threads to crypto is bad, imo.

>one can get bigger gains and afford to take more risks if they have a source of income
Yes, duh, that's why I'm advocating increased discussion on business discussion, to increase income, like I said in my post.. retard.


Nice room temp IQs boys. Please think critically before replying this time.

[Anonymous No.15530192]

We're really out here just gambling then?

[Anonymous No.15530198]

>>15529103
I’ve been in stocks for 10 years or so. Made some pretty good trades like Boeing when Trump won and held to October. When I got into BTC at 600 dollars and made 10k seemingly overnight then bought more I couldn’t fucking believe the ROI I was getting. It was a gold rush and there was billions to be made. Now I think there will be a few coins which moon relatively and it’s better than pink sheets for sure. Just treat crypto (like RSR) like a high risk investment that you expect to lose and play it for fun. I did pretty well so far and the wave is nearly over but there’s still an unreasonable amount of money to be made.

[Anonymous No.15530230]

>>15529103
/biz/ is a progressive board

[Anonymous No.15530273]

>>15529103

/biz/ was literally created as a crypto board after the threads were all over /g/.

We just stay true to our roots.