/biz/ - Business & Finance

[Anonymous No.21006681]

Anyone else honestly to intellegent too make money?
>market crashes
>goes back up
>more bad news comes in that would normally crash the market
>sell my assets as this was obviously the start of the second leg down
>some complete brainlet dumps all of his money into btc at 6k
>is making more money than me now even though I'm more intellegent
Why does the world not want intellegent people to be wealthy?

[Anonymous No.21006746]

>>21006681
You’re impulsive. The market favors a steady hand, very influential people make a lot of money by convincing people like you to sell, why must you listen to everything media tells you

[Anonymous No.21006849]

>>21006681
normie intelligence range 90-110 make sound decisions in real time that turn out to be shit. You have to be either fully retarded or a genius to make money in this market.

[Anonymous No.21006978]

>>21006681
Some of the people I know who have made the biggest gains in crypto or the stock market are complete retards who don't have any understanding of TA and don't do any DD whatsoever. They just get info from other people and happen to make the right choices. I almost feel like the market favors people who are super intelligent (top .01% of people) or super retarded. Normal "smart" people will attempt to apply reason to everything and will get left in the dust.

[Anonymous No.21007037]

>this fucking post
>these fucking replies
Jesus Christ newfags can’t even tell bait from post
This place is truly gone

[Anonymous No.21007069]

>>21006681
Dunning–Kruger effect

[Anonymous No.21007204]

>>21006681
Intelligence and money-making instinct are almost completely uncorrelated. However if you have both you truly have a chance at BTFOing normies who almost always lack intelligence.

Money making is always a calculated risk thing, it's not about working hard or thinking about it logically. In my head right now I have a very simple calculation. First, why invest into crypto? All normie media says it's a scam right? Well it's not a scam, for one there aren't any avenues open today for large transfers of intergenerational wealth, except crypto. So already I know that the intergenerational wealth transfer from old people to young people will be made through crypto. That's why crypto isn't a scam, because this needs to happen for western society not to collapse. Furthermore because this needs to happen, it will turn out that crypto is not a scam, because when you have sufficient funds and belief in a project, it usually becomes something concrete and functional. Secondly, I had a modest 10k stack to play with. I can't invest it into a x2, that's not going to do anything for me. Best risk-reward ratio for this stack level? Chainlink. I'm all-in on Chainlink. Now I'm holding and not touching it because my country's tax law says you don't pay tax if you don't touch your crypto stuff for more than a year, so that will be good to me. I also don't intend to swing because Chainlink could literally pop off into the stratosphere at any point, that's an issue beyond taxes. So I'n holding, in 1-3 years I will be able to buy an apartment with this money. There is a possiblity of course that coronavirus crashes everything but in that case it doesn't matter if crypto goes bust because everything will go bust, so I don't see a real risk inherent in holding crypto during a potential coronacrash. Your problem is you don't have original thoughts and think that following news is smart but there is so much more philosophical thinking you need to do for your position.

[Anonymous No.21007244]

>>21006978
>don't have any understanding of TA
TA is a fucking meme, not "understanding" it is an asset.

[Anonymous No.21007291]

>>21007204
Your problem is right now you are thinking like a midwit. Following news and what the "authority" tells you to do is good enough for getting a degree and working office jobs but it's not going to give you gains in finance. You need to see the IQ distribution chart for Chainlink only low IQ and high IQ people are going to make it, it's not a meme. Midwits will fuck this up. However if you're a midwit, you could perhaps do well managing someone's 10 million+ portfolio just because midwits tend to do OK at finding risk-averse low yield options. But given that you want to probably make serious money ie x5+ in short timeframes like most people here, then you need to play a different ballgame.

[Anonymous No.21007510]

>>21007204
correct, 130-140 iq self-identifying INTJ's are legit le reddit dilbert slaves who arent actually smart at all who hamsterwheel for 90k a year if theyre lucky and buy projects for the tech

t. literal 99 iq market maker

[Anonymous No.21007584]

>to intellegent too make

[Anonymous No.21007628]

>>21006849
>21006849

Jokes on you I'm both

[Anonymous No.21007721]

>>21006746
I think it favors a steady hand that is willing to make hard decisions. Given how often the market plummets, you should be selling at some point and then buying back in.

I think basically you just have to avoid being a scared retard who is always trying to 'cut his losses'.

[Anonymous No.21007764]

>>21006978
What if I'm super intelligent but intentionally act like I'm super retarded?

[Anonymous No.21007829]

>>21007510
your IQ estimation is too high. like 130+ you are pretty smart. reddit is probably 110-120. id guess the top earners with chainlink will be sub 100 IQs and 130+ IQs. you need to be either stupid enough to just believe it on surface level or genius enough to be half-schizo to believe in it despite all the evidence that would make 100-120 IQs think its a scam. to me its not surprising reddit completely ignored chainlink, they are by far the most mediocre collection of midwits online.

[Anonymous No.21007894]

>>21006978
I haven't applied a single TA in my life but I sniffed out 2 people on twitter who know what they are doing and I am comfortable enough saying that BTC will come close or cross 100k by EOY 2022. It's just a skill for picking the right info. I was employed as a scout before because I could predict 5 years in advance which 15 year old kids would be the best players. You just need to have this subconscious intake and filtering of information and then my brain just comes out with an answer. I'm right more often than not.

[Anonymous No.21007920]

>>21007829

Honestly though there isn't even evidence that should dissuade 100-120s? What is it? When you have people Ari Juels as a co-writer on the white paper how could anyone think its a scam?

[Anonymous No.21007981]

>>21007204
>>21007291
>talks about how bad midwits are
>gives a midwit's explanation of what is going on
The simple explanation is that you shouldn't trust 'authority' to advise you on anything that actually matters, especially with a competitive element, and you need to trust your own intuition.

[Anonymous No.21008034]

>>21006681
>I worship Chronus
>Why isn't Fortuna helping me?!

Chronusfags will never make it.

[Anonymous No.21008046]

>>21006681
You're a midwit. Only low IQ and high IQ can ever make it. If you ever do somehow manage to make it, it will be because you made a mistake.

[Anonymous No.21008104]

>>21006681
you're a midwit. 105-115 iq.

youre basically a fuckign retard and more retarded than actual retards. and you sound narcissistic as well

[Anonymous No.21008186]

>>21007829
>>21007920
Taking the 'midwit' meme literally is a midwit thing to do. It isn't meant to be an autistic model of who will do what based on IQ, it's just a colorful illustration of the general principle that you can do fine if you're dumb, you can do fine if you really sit down and figure shit out for yourself, but if you apply shit that other people told you without questioning it at all and think you're acting like a genius you're going to have a bad time. I think IQ matters a lot but you can develop a good or bad 'thinking approach' at pretty much any IQ level, it's more about your personal experiences and your natural inclination to be skeptical.

[Anonymous No.21008344]

>>21007981
he didn't give a midwit explanation. he gave an absolutely retarded bullshit nonsensical explanation. he's a retard. but maybe he's a based retard making bank, i hope so, i wish him well.

>>21008186
it's not about figuring shit out. its about retards having better instinct than midwits because retards are not as easily manipulated by propaganda. the midwit is the most receptible to propaganda. they watch and listen to other smart people and believe them because of their prestige or wealth or whatever and "confirm" their reasoning by making their own simple calculation.

retards are too stupid to be brainwashed by propaganda, it's a blessing, and they follow their own instinct and sense instead

[Anonymous No.21008398]

>>21007829
nope youre wrong a lot of people with 130-140 iqs are legit not smart outside of their specific skill set, ive hired and contracted these dilberts before most of them are insufferable, boring and dont fit in with the owners or partners because theyre autistic and pretentious, they dont move up because no one wants to hang out with them outside of work, theyre literally just drones you give specific tasks to

[Anonymous No.21008422]

I analysed the real estate market too logically I was shopping for a house in 2016 and as the market was making 20% annual gains I said no way can this last. I kept bidding asking prices on homes to get outbid by normies that were fomo"ing into real estate. Well I ended up learning the lesson all too late and it took 2 years and 100k higher price for a home. I'm the same way with crypto. Who can buy at these prices? It's not sustainable I told myself. Overpriced tech without a working product. Well it doesn't pay off to be logical you gotta be a normie and fomo

[Anonymous No.21008441]

>government starts printing money to buy their shit assets backed by nothing
>oh shit inflation, need to look for alternatives to fiat currency
>god balls deep in BTC, digital gold, at 6k

stay cucked midwits

[Anonymous No.21008466]

>>21007829
theres literally no difference between redditors, quora users and INTJ biztards

[Anonymous No.21008624]

>>21007829
Holy the fuck r/crypto is fucking awful..they are so bad at making money. They demonstrate virtually no independent though whatsoever.

[Anonymous No.21008690]

>>21008441
this + ignoring that fidelity is going to start hedging with bitcoin and all the other big players will likely follow... 401k + global pension management funds in asia and europe.... thats like 10 trillion marketcap at least lmfao 300B from fidelity alone

[Anonymous No.21008729]

>>21008422
>overpriced without a working product
lmfao

[Anonymous No.21008771]

>>21007894
in reality the only skill that matter is being able to see the value of something
absolute chad

[Anonymous No.21008782]

I just go down a list on coinmarketcap and buy crypto with the coolest logos, been doing it for years, turned 20k into 185k that way, if you think you lose bro

[Anonymous No.21008834]

>>21008186
>Midwit explaining the midwit chart he doesn't actually even understand

>>21008344
>retards are too stupid to be brainwashed by propaganda, it's a blessing, and they follow their own instinct and sense instead

Exactly

The high IQ end of the spectrum is the same except they don't follow authority because they discerned the truth through reasoning or research and understand "authority" will often lie to you on purpose for power, control, and resources.

[Anonymous No.21008861]

>>21008466
>INTJ biztards

Cope

[Anonymous No.21008958]

>>21008861
if youre over 29 and youre not in the 7 figures youre probably not an intj desu

[Anonymous No.21009082]

>>21008344
Here's my model of each type of crypto view:

retard
>i put money in and the crypto app goes brrr and makes more money i am happy :)
midwit
>*schizophrenic wall of text about how every green or red candle validates his view that the next ripple meeting or whatever will cause the destruction of the federal reserve and a worldwide crypto utopia and the fact that you lost all your money is irrelevant*
midwit type 2
>*reddit tier hot take about how you're going to regret gambling on imaginary coins*
topwit
>crypto is a great opportunity for people with some basic sense and self control since the prices are constantly rising and falling and you just have to pay attention, avoid getting taken by fear, avoid doing stupid shit like putting in money you'll need back to pay next month's rent, and buy dips and then sell when you get decent returns, without getting greedy and losing it all. There is some chance it will become a real force in the world but all you should worry about now is making returns.

[Anonymous No.21009089]

Really interesting conversation.
I'm new to the cryptomarket, and all my purely logical decision were trash, and all my purely emotional decision were trash. Only instinctive decision allowed me to make some profit.
As an INFP, I noticed that the more I learned on how markets works and people behave, the more my mass social instinct sharpened.
I guess only experience and instinct is the way to make it, whatever the IQ.
Low IQ rely a lot on their instinct (I trade with one, it's pretty impressive, he is a dumwit, but what an instinct).
High IQ can rely on their instinct based on hard fetched knowledge and thoughtful global vision.
Mid IQ can make it if they suppress their half-logic/half-emotionnal short-term decision process.
My two cents.

[Anonymous No.21009160]

>>21009089
bro break out of the meyer-briggs NPC le reddit mind set

[Anonymous No.21009177]

>>21007037
This is the new r/LINK community defence force

Rules
1. No transphobia
2. No anti-Semitism
3. Drink huel and be a basedsumer

[Anonymous No.21009194]

>>21006681
>Anyone else honestly to intellegent too make money?

[Anonymous No.21009356]

>>21009160
Nah, don't worry, I don't really base my thinking process on my MBTI or whatever. MBTI is just a tool to get hint on how people work in their head. Can help go around some shit thinking process to optimize what we can do. But that's absolutely not all that matter.
Helped me a bit to understand better some of my mechanism, but that's all.
But it's true that I'm more efficient in instinctive non-immediate-fact-backed decision. Some friends are totally different.

[Anonymous No.21009413]

>>21007829
lol, do you really think redditors aren't in on chainlink? sure, they probably weren't in until the coinbase announcement, but they sure as hell know it's a legit project now. no one is actually falling for the fake fud that gets posted on /r/cc. it's just a circlejerk at this point.

[Anonymous No.21009483]

>>21006681
You are intelligent yet you lack proper grammar? See>>21007069

[Anonymous No.21009635]

>>21008958

6 figures now, 7 within 6-9 months basically guaranteed at the current pace. I just turned 30 on the 29th.

[Anonymous No.21009887]

>>21006681
You are suffering from midwit syndrome, if you were truly intelligent you would have accounted of the fact the markets won't always have textbook reactions to meta events.
The arrogance of the midwit is that he thinks that what little intelligence behave is enough to beat uncertainty. The truly smart knows that uncertainty is always there, makes actions based on probabilities not certainties, and have a plan b for when he is wrong.

On the long run the truly smarts wins over both the midwit and the dumb. The dumb lose on thr long run but have sometimes, your situation being an exemple of that.
The midwit get doubly fucked by lacking both the intellect and wisdom of truly smart people and the heart and bravery of dummies

[Anonymous No.21010293]

>>21009887
>The truly smart knows that uncertainty is always there, makes actions based on probabilities not certainties, and have a plan b for when he is wrong.

The only law of power that really matters.

Law 48 Formlessness

Accept the fact that nothing is certain and no law is fixed. The best way to protect yourself is to be as fluid and formless as water; never bet on stability or lasting order. Everything changes.

[Anonymous No.21010362]

>>21009887
based and highiq pilled