/biz/ - Business & Finance

[Anonymous No.16316859]

/b/ fag here. Why is everyone so obsessed with crypto? 9/10 threads are talking about BTC, Link, and other shit. I came here thinking it could glean some info, but allI got was a bunch of people with no sense trying to get rich quick, while sucking the dicks of anyone lucky enough to invest at the right time. There is no get rich quick scheme unless you want to flip a coin and potentially get yourself into a get poor quick scheme.

To anyone looking to get rich:
Open a long term investment account (roth IRA preferrably)
Invest into mutual funds / index funds monthly as part of your budget, and consistently, regardless of market ups or downs, it will recover (if it gets into a depression you have more than money to worry about)
Delay gratification, make better choices with your money, lower disposable income.
Stop trying to get rich quick.

So many of you guys seem like children who let money slip through your hands into unflippable assets / shit you don't need, and then you cry when you don't have money. Be smart and being rich will follow suit.

[Anonymous No.16316910]

>>16316859
finding out about biz in 2017 and going all in on LINK thx to biz made me more money than i ever imagined i could get ... literally invested a few grands and made 250k$

biz is the best fucking place there is! thx biz bros! i'm still holding thought t.90k link

[Anonymous No.16316930]

>>16316859
>Open a long term investment account (roth IRA preferrably)
>dude just wagecuck for 50 years lmao

[Anonymous No.16316931]

>>16316859
>but allI got was a bunch of people with no sense trying to get rich quick
We're disillusioned with the current system and refuse to work under the boot of the eternal boomer for scraps. Now fuck off back to your dick threads on b.

[Anonymous No.16316946]

>>16316859
ok poorfag

[Anonymous No.16316951]

>>16316910
Now the retards will follow suit and loose their last few dollars, why are you giving them hope.

[Anonymous No.16316953]

>>16316859
Ok boomer

[Anonymous No.16316957]

>>16316859
buy link faggot

[Anonymous No.16316963]

link has been the slowest get rich scheme ever

[Anonymous No.16316965]

>>16316931
Why are you not willing to work? Most bosses aren't retards, they aren't boomers looking to shit on you, just get a normal job, invest in your skills and become valuable.

>>16316930
This advice applies to anyone with a brain who wants asset growth alongside their income. Not just 'wagecucks', if you can somehow make money without having a job (aka sucking the tit of relatives) then this advice still works for you!

[Anonymous No.16316978]

>/b/ fag here

[Anonymous No.16316986]

>>16316859
Imagine getting lectured by /b/. Go fap to pictures of women you don't actually know, or whatever the fuck you faggots do there now.

[Anonymous No.16316993]

>>16316978
I'M COOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

[Anonymous No.16317026]

>>16316963
so was BTC

[Anonymous No.16317036]

>>16316986
/b/ is the where the absolute filth of 4chan resides, enlightened anons have moved to /pol and /biz

[Anonymous No.16317042]

>>16316859
>/b/fag here
Stopped reading there, you cumbrains need to stay in your trash board, it's already bad enough here

[Anonymous No.16317059]

>>16317036
Welcome to 4chan, friend. Glad you made it.

[Anonymous No.16317062]

>>16317036
>ME BOOTLICK
>ME WAGEKEK
If by enlightened you mean mentally retarded, yes, many moved to biz.

[Anonymous No.16317110]

data is the new oil and we're all trying to latch on to "the next big thing." we're attempting to invest in the fourth industrial revolution any way we can.


i don't know why /biz/ is 90+% about crypto, thats probably a mistake, there are definitely other ways to make money. but 4chan posters tend to be autistic computer nerds and a lot of us are looking for the easiest way to secure a future. having a chance to invest in technologies of the future from our own homes is very alluring. i can't get fired from buying chainlink. there's HR manager who can't prevent me from investing in chainlink because i said maybe one dumb thing in a 45 minute interview. there's no one saying i'm "overqualified to buy chainlink" or "underqualified to buy chainlink" for not having a degree. there's no one saying "why didn't you work for a year" before i buy link. and being able to invest in startups is insane for us because in the past that was only open to real investors with real money, in multi thousand or multi million dollar deals. now any random fuckwit can invest in startups.

so there isn't a high barrier to entry. will some people get burned? yeah. and it isn't smart to be only interested in cryptos as the only way to make money. but for a lot of us its probably the best way that we've found to being able to invest in future technologies.

[Anonymous No.16317144]

>>16316859
It's because 2017 happened.
I bought a bunch of coins, ETH, ARK, KMD, STRAT, ANS/NEO, XRB/NANO, DNET/PIVX, XRP, SC, MAID, GNT even fucking BitBean. Bought literally every ICO I knew about, most were even sold out within seconds.

Literally all of them went at least x2 at the very minimum, some x3 x5 x10, the best ones even did a x100 or more.

Even clear ponzi scams like BitConnect. Even at the very bottom of the crash, it STILL doubled in price TWICE.

You could've closed your eyes threw a dart at CoinMarketCap, bought whatever it landed on, and you'd have doubled or tripled your money in a month or two, GUARANTEED. And sometimes even landed a x10 or x20 or more.

Granted, this has not happened anymore in the last 2 years (there were some very lucky picks, but even the required you to buy the very bottom and sell the very top... 2017 was MUCH MUCH more lenient).

I guess everyone is just chasing after the rush that we got back then, like junkies still looking for their next high.

I have to admit, it was extremely addicting.
I used to do lots of online marketing, earned thousands of dollars from it, and did some passive income gigs, sold ebooks, sold some apps.

Now I can't even be arsed to even look at those options anymore. Not when you've experienced earning 1 years worth of income within a day just by making the right pick... repeatedly in a single month.

Can't get enough of it, even though it's been 2 years since then.

[Anonymous No.16317155]

>>16317036
>enlightened anons have moved to /pol and /biz
Yikes

[Anonymous No.16317170]

>>16316859
>he doesn't know

[Anonymous No.16317179]

>>16317110
I like your response.

First though, I think that attitude of the next big thing is blinding some to longer term opportunities, that require patience, while they chase the dragon of money.

Second, if you want to invest in emerging technologies in a less flip-a-coin, will I be bankrupt? kind of way, then just invest in tech-centric mutual / index funds. $0 minimum buy in, just buy fractions of a 'share' whenever you want, and as technology continues to grow so will your investments.

As for the high barrier to entry. Definitely, but that's kind of how it goes.

I think it's kind of important to realize though, that I can look back and say "damnit what if I invested here" and be sad about my loss of opportunity, but you can say that for so many more opportunities I could've been burned on, and it seems like alot of you are ignoring those burnings, and just running around trying to throw your money at stuff hoping to find wealth.

>>16317144
Sounds like you got lucky. Sounds like that era has passed, and you as well as others are still grabbing at straws to pull whatever is left of 2017 out. But watch out, because you may just get pulled in yourself. RIP your money?

[Anonymous No.16317214]

>>16316859
Most of the people with sane advice just lurk. There’s occasionally good stuff if you sort through the shit

[Anonymous No.16317234]

>>16317214
What kind of good advice?

[Anonymous No.16317265]

>>16317179
I'm actually lucky.
I was a noob when I got in, and I just bought anything I saw being mentioned a lot, and sold when I got a x2, x5, x10... Basically whenever it felt like musical chairs have stopped and we were freefalling.

When everything started crashing in 2018, I got scared and just sold almost everything and now I'm just waiting on the sidelines.

Have a few bitcoins left in case it becomes the world reserve currency like some bitcoin maximalists are predicting, but now I'm much more cautious, after I've recognized that most coins in 2017 were just pumps-and-dumps, and I was just lucky to have bought at the start of most pumps and sold near the top of most as well.

Not like the others who got fooled into bagholding their coins by spiels like "better tech" or "real life use cases", especially since most coins lost 95% of their value since 2017, and now they have to grasp at straws shilled here by hired marketers, like LINK and whatever the scam coin of the month is.

I can imagine how they felt though... They were here in 2017, managed to get x10 or x20 of their money, then fell for the propaganda and bagheld to -95%. They can't leave anymore...the paper losses must trigger some kind of sunk cost feeling, and the thrill of 2019 keeps them hoping they can make it back.

Like someone who won jackpot at a casino once, and then gambles everything away afterwards, hoping for one more win.

[Anonymous No.16317280]

>>16317234
just buy link you fucking sperg

[Anonymous No.16317282]

>>16317265
Howcome you wait on the sidelines when you can use that kind of money to make good returns, with much higher security?

[Anonymous No.16317284]

>>16317265
>thrill of 2019
I meant thrill of 2017

[Anonymous No.16317328]

>>16316859
>>16316951
>>16316965
>>16317062
>>16317179
>>16317234
>>16317282
>it seems like alot of you are ignoring those burnings, and just running around trying to throw your money at stuff hoping to find wealth.
>just get a normal job, invest in your skills and become valuable.
>that attitude of the next big thing is blinding some to longer term opportunities, that require patience, while they chase the dragon of money.
this is unironically sensible commentary and good advice. are you sure youre from /b/? you pretty much hit the nail on the head, biz is full of underage retards hoping to get rich from their $500 "investments". a bunch of fags here got lucky in 2017 and made a bunch of money, but way more lost TONS of money. nobody here has any willpower, ability to delay gratification, discipline or even real intelligence. its a bunch of defeatist losers who see crypto as their last hope. thats why you will never see real business ideas, online marketing or other shit that takes effort being discussed.

[Anonymous No.16317340]

>>16317328
also buy BSV its the real bitcoin, I just saved you hundreds of hours trying to find the one diamond in this big mountain of poop called /biz/

[Anonymous No.16317346]

imagine hanging out at /b/, yikes

[Anonymous No.16317360]

>>16317282
I'm actually scared of all the "incoming recession" predictions the doomsayers are making.

How nothing got fixed after the 2008 crash, and the bailouts just kicked the can further down the road...
All the recent fed repos, threats of a trade war, negative interest rates...
How Deutsche bank is supposedly collapsing and how intertwined they are with so many traditional financial institutions...

How pic related is happening now...

How Zuck recently sold a lot of Facebook stock, almost $300m worth. How Apple CEO Tim Cook sold over $50m of Apple stock. How Bezos sold almost $3B of Amazon stock. All within 3 months of each other, just recently this year...

How Dow, S&P500, and most stocks like AAPL are at all time highs...

I basically don't want to buy the top, right before a possible crash/recession.

Meanwhile, Bitcoin halving is in like 6 months, and that usually always triggers bull runs like 2017.

I think I prefer waiting on the sidelines here.
But you are welcome to convince me otherwise.

[Anonymous No.16317363]

>>16317328
That makes sense. I get the same vibe I gave off when I was 16, when I thought I was some hotshot investor, from alot of people in other threads. I would throw my pennies at shit and expect it to turn to gold, got sad when it decomposed further and then moved onto the next shit pile.

Alot of burned money.. haha

[Anonymous No.16317394]

>>16317363
you should have been here in 2017 when anons were making hundreds of thousands of dollars from literal scamcoins. they were laughing at anyone suggesting a crash might be coming and that maybe they should take some profits off the table. a bunch of these faggots got seriously rekt. people were quitting their jobs, living in cars, taking on loans and selling their boipuccis to buy more shitcoins it was pure insanity.

[Anonymous No.16317395]

>>16317360
Well the fed has been lowering bond rates for a while to artificially boost the economy for a while now. P/E ratios are insane. Generally the FED is just supposed to manage the ups and downs of the market to prevent another depression, but supposedly Trump thought the natural downturn soon (a natural thing) would be bad for the election, and got the fed to keep going further down to keep artificially inflating the market.

At any rate, this is certainly a high point for the market, but it's not going to crash, money isn't going to fall apart. I am still investing my money, because if you invest consistently the bumps will even out. I just auto deposit into my fidelity account every month anyways.

They probably realize these things and just want to take some cash out so they can buy back once the market hits a low. Which btw, if you want to invest, invest when we start turning the market around, alot of cheap, undervalued stock.

[Anonymous No.16317397]

Op is the biggest retard in this thread. Of course you can babble on about the benefits of safely investing vs high risk investments. That’s not a difficult argument to make, for anyone. But when you take that retarded spin off and look at things for what they are- your dumb fat ass is going to miss the opportunity of your lifetime because you followed your fathers advice, who is probably poor as fuck anyway. Be sure to bookmark the thread so you can come back in 40 years and brag about how right you were and how you were able to get 10% roi. Just because you clearly don’t understand something, you think it’s stupid. In reality, you’re just stupid, and will be left in the dust. Hopefully you don’t revisit this board anytime soon to see everything that was right in front of you and easily available to you explode in value while you were trying to sell us MUTUAL BONDS and thinking you’re the wolf of Wall Street.

[Anonymous No.16317404]

>>16316859
LINK is going to $1000 retard like ETH did during the last bullrun.
Delete your thread.

[Anonymous No.16317423]

>>16317234
Essentially what you posted. Tax avoidance, investing instead of speculating, good reading materials, etc. If there was a separate board for crypto this board would drastically improve.

[Anonymous No.16317452]

>>16317394
>in 2017 when anons were making hundreds of thousands of dollars from literal scamcoins
This x1000.
Just look at pic related.

Guy literally named his coin a "USELESS TOKEN", still managed to raise over $300,000 from retards buying it.

Worst thing is that, it then went to trade higher and people who bought could've actually made money from this crap if they sold any time the price was above their buy price.

Do you see this junk OP?
THIS is why:
>>16316859
> Why is everyone so obsessed with crypto?

[Anonymous No.16317462]

>mutual funds

[Anonymous No.16317469]

>>16317397
I am fine with being left in the dust, I don't want to be a billionare, I just enjoy being financially secure and free. Having enough money to pursue your passions is what's important.

I'm not some wolf of wallstreet, I'm just a person who has made some (in my mind) good decisions. Instead of trying to convince me, you should just capitalize on those decisions yourself, don't want to suck your profit away! :)

>>16317423
That sounds like actually useful advice, I also think a crypto board would be better as well.

>>16317452
Good for them. Just make sure to not look too far around you, you might see a few who weren't so lucky

[Anonymous No.16317504]

>>16317469
>I am fine with being left in the dust
Wouldn't you be interested in hedging a bit into crypto though?

I'd dare say, if you are intending to be properly diversified, you should own at least even a single bitcoin.

If you are financially independent, purchasing a single bitcoin should be a very small risk (money you could probably even afford to lose), but the upside potential is so huge, it actually seems financially irresponsible to not hedge and have a single one when you can easily afford it.

[Anonymous No.16317528]

>>16317504
I have .5 bitcoin or something to that effect in a paper wallet. I just never really felt like sending more to it when I've been making a consistent 15+% ROI with a well managed fund. That's going down soon, but bitcoin and cryptos are not very stable, and I would rather keep steady 'small' growth than dump more into bitcoin.

FOCPX best fund

[Anonymous No.16317533]

>>16316859
/b/ pedophile.. thanks for your advice Dave Ramsey!

[Anonymous No.16317548]

>>16317533
No problemo!

[Anonymous No.16317655]

DLT is the future. Learn about it or get left behind. Bitcoin was just the prototype

[Anonymous No.16317844]

>>16317655
>>16317548
yep and more specifically, smart contracts, and smart contracts need oracles, and the only decentralized oracle massively adopted by the bgi corps is CHAINLINK

common don't be a retard, i'm literally giving you out the key to making it