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/biz/ - Business & Finance


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24463419 No.24463419 [Reply] [Original]

I dont get it, I've been trading stocks for 8 years now and have done well. I come here and all you guys talk about is cryptos. Why are you guys convinced this is the best investment vehicle?? There's literally no strategy to any of this!

>> No.24463475
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24463475

>>24463419
>There's literally no strategy to any of this!

>> No.24463507

>Literally no strategy
That's the point. Any retard can throw money from their credit card at Coinbase in 10 minutes then buy shitcoins on Binance.
Stocks are a safe bet. Even the worst one is safer than the crypto market as a whole and it's exit scam coins.
Crypto has the potential for gambling. When you buy a shitcoin and could potentially 500x your money in short order, that's appealing.

>> No.24463528

>>24463475
>rebuttal?

>> No.24463583

>>24463419
I dont have any experience in stocks and I don't want to see corporations succeed. Crypto is my favourite form of gambling.

>> No.24463586

>>24463419
Boomers saturated the stock market and the only reason they’re still making gains is due to rampant money printing. Crypto is a new asset class that hasn’t been defiled by retarded boomers and money printing.

>> No.24463655

>>24463419
Are you implying zoomers are the crypto traders? BS. Boomers are the ones trading crypto and have been since 2016. It's you faggot zoomers with your /wsb cringes that love your robinhood cringe. Zoomers are too stupid and were too broke to understand blockchain.

>> No.24463658

>>24463419
you're the same anon who posted this thread aren't you: >>24462783

Made a new one because you had gay in your ID... At least you embraced your fundamental zoomer nature.

Me buying bitcon many years before you even heard of it wasn't "luck", you are just so uninformed you don't even understand the nature of the game.

>> No.24463706

>>24463586
So investing in crypto is a hedge against inflation?

>> No.24463728
File: 609 KB, 780x788, happy.png [View same] [iqdb] [saucenao] [google]
24463728

We're watching the birth of an entirely new system of global value exchange, a substantial displacement of the entire global GDP, that through an absolutely insanely lucky confluence of factors lets us invest at the base protocol level.
Like if you could invest in tcp:ip, or https, or GPS.
Boomer stocks are absolutely dreary in comparison. There will likely never be an opportunity like this in our lifetimes again.

>> No.24463790

>>24463655
I'm implying that /biz is full of zoomers who are in a crypto circle jerk.

>> No.24463804

>>24463507
why not buy on coinbase in the first place?

>> No.24463813 [DELETED] 

>>24463419
shut the fuck up little faggot

>> No.24463861

>>24463706
Well so are stocks... but crypto is a new asset class and has a lot more growth potential assuming more people are going to buy in

>> No.24463881

>>24463790
>I'm implying that /biz is full of zoomers who are in a crypto circle jerk.
you're right, but it's still a good investment

>> No.24463915

>>24463658
yea because you prolly got a free bitcoin for winning a clash of clans tournament or something gay like that. But do elaborate... what convinced you crypto would take over the world

>> No.24463938

>>24463586
crypto doesnt seem immune from the financial markets turmoil. Back in March didnt the price of crypto also plummet with the stock markets due to covid?

>> No.24463957

>>24463861
>Well so are stocks
not since the fed has been printing fiat like crazy and pumping it all into the stock market

>> No.24463971

>>24463507
Give me some shitcoins to gamble on, Senpai! Please?

>> No.24464039

>>24463419
more volatility means more dopamine for my zoomer brain

>> No.24464080
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24464080

>>24463419
https://www.youtube.com/watch?v=kJOWwfOQ3Sc

>> No.24464081
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24464081

>>24463507
>Stocks are a safe bet
lol k

>> No.24464177
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24464177

>>24463419
The stock market is hilariously overvalued. Crypto is a new asset class which is practically guaranteed to grow and expand into the future.

I'm NOT letting the boomers dump on me as they all suddenly reach retirement age

>> No.24464179

>>24464081
wtf this supposed to mean?

>> No.24464314

>>24464179
do you know what a bubble is

>> No.24464323

>>24464177
boomers have been retired for 10 years dumbass

>> No.24464375

>>24464323
No they haven't, only the oldest and most responsible ones have

>> No.24464389

>>24464081
New ceiling turns into floor

>> No.24464400

>>24464314
are you implying that that graph looks any different than BTC in 2017 or now?

stupid argument is stupid

>> No.24464420

>>24463419
This is a hard truth zoomers need to learn

>> No.24464449
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24464449

>>24464081
It's literally only going up. You're only proving OP's point.

>> No.24464464
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24464464

>>24464400
please point out the similarities
>>24464449
retard

>> No.24464481

>>24463419
Because crypto outperforms all your shit. Just investing in bitcoin alone is guaranteed retirement.

>> No.24464490

Why would I bother with stocks when I can just buy more bitcoin? Bitcoin will be 100k+ within 3 years. No hope for oldmarket indexes to outperform it.

>> No.24464494

>>24464400
thats not the point dummy. the point was that stocks aren't inherently safer than crypto because they too can suffer massive pullbacks and crashes, which is valid

>> No.24464559

>>24464449
>thanks

>>24464464
you were talking about bubbles, was the end of 2017 not a bubble for BTC? Does the rapid increase in price of BTC over the last month is not that much different than the rapid growth of the stock market in the last 6 months

>> No.24464599

>>24463706
Depends what cryptos but yeah, BTC is a hedge against inflation. And an investment in tech surpassing goog/appl

>> No.24464608

When you invest in stocks it is pure capitalism. Companies use your money to make more money through innovation and in return you get a cut.

With crypto you are merely investing in the prospect of "one day it could take over"

>> No.24464620

>>24464559
>was the end of 2017 not a bubble for BTC
yes it was, however that bubble has already corrected if you didn't notice
>Does the rapid increase in price of BTC over the last month is not that much different than the rapid growth of the stock market in the last 6 months
the difference being BTC is *one* crypto, not the entire market, and it is only now touching its previous ATH, it is not more than double its previous ATH.

>> No.24464642

>>24463957
>pumping it all into the stock market
Mostly into housing prices which owners extract equity from to prop up markets

>> No.24464655

>>24463475
checked

>> No.24464714

>>24463586
>stocks bad because printing!
>but crypto good eventhough the largest one is propped up by chinese magic dollars called tether!
You can make money in both and in fact you should. Sometimes penny stocks have advantage over shitcoins because at least you can follow the filings, progress, etc.Dont forget that many stocks did in a few months what Link did in 4 fucking years.

GAS ALL ZOOMERS NOW

>> No.24464744

>>24464608
BTC went from 0 to $349,442,748,634 in 12 years and you are still a nocoiner. You are pathetic.

>> No.24464788

>>24464620
ok i gotcha, point I was implying was that both scenarios were extremely rapid growth, and that kind of growth usually isn't sustainable

>> No.24464866

>>24464744
I got about $2000 worth of coin. BTC ETH and LTC. Just trying to wrap my head around why all you autistic basement dwellers seem to think crypto (something that comes out of thin air) is the future of the world

>> No.24464973

>>24464866
Crypto will bring decentralization and more power to the people if it succeeds.

>> No.24465062

>>24464973
Wrong. Crypto will bring absolute government control over money in a way that is easily trackable. At least cash purchases are anonymous

>> No.24465078

>>24463419
Fucking KIKEPILLED

>> No.24465103

>>24465062
you know bills have serial numbers right

>> No.24465140

>>24464655
checked on what?

>> No.24465145
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24465145

>>24463419
It’s a brainlet mentality. Crypto has the potential for a x1000 while stocks max out at x3 or x5 (GME) after a huge dump.
Not doing both is really the retarded move we’re in clown world you want crypto assets in case shit hits the fan but in the mean time buying stocks calling options margins shorts to make a steady buck is the play here. Too bad nu biz is full of broke 16~23year olds everyone past the age of 25 has at least 50k from wage cycling

>> No.24465152

>>24464866
we live in a digital world now, the digital gold narrative is a strong one and it's working. I think altcoins will underperform btc in the long run because of this, other than xmr

>> No.24465154

>>24465103
Retard

>> No.24465163

>>24465140
Checked

>> No.24465177
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24465177

>>24465152
pic related

>> No.24465183
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24465183

>>24465103
when was the last time somebody wrote down the serial number of your bill and published your transaction for everyone to see on the interblergs?

>> No.24465187

>>24463419
>There's literally no strategy to any of this!
buy low and sell high? This thread is most likely bait btw

>> No.24465216

>>24465062
I mean if crypto succeeds according to the Cypherpunk's manifesto. Right now crypto is still early in it's development.

>> No.24465223

>>24464608
You do realize that crypto is still in development right? If it was lacking innovation it would be worthless. Your argument shows more about how little you know about crypto than anything else.

>> No.24465230

>>24464866
there's tons of resources out there we aren't your personal tutors fuck off

>> No.24465250

>>24463475
haha checked :3

>> No.24465262

>>24464449
Are you being obtuse on purpose? As of me writing this message and preemptively calling you a faggot, the SP500 is at 3662.45. It was at half that value in Jan of 2013.. so 7 years for the S&P 500 to 2x. BTC is at 18k right now.. it was at 9k in May of this year..even without the corona crash if you look at the chart it would have still ended up around 20k by now..

So lets see.. I can have a 2x in 6 months or 2x in 7 Years

Man this is a hard choice to make

>> No.24465291
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24465291

>>24465103
They have serial numbers to prevent fraud, it’s not like there’s micro chips on them dolla bills ayo muh niggahhhhh?!???!!!

>> No.24465303

>>24465183
any time you make a cash withdrawal from your bank account, the bank and therefore the government knows who took those bills
crypto transactions are published, but they are not linked directly to your SSN

>> No.24465309

>>24465152
incredibly based

>> No.24465349

>>24463419
We're obsessed with tax evasion.

>> No.24465390

>>24465262
>what is risk

>> No.24465435

>>24464464

You're comparing the world's (recently seconded) largest economy that operates globally, employing hundreds of millions of people, and CREATING LITERAL TRILLIONS OF DOLLARS OF WEALTH to fucking internet money.

RETARD.

>> No.24465481

>>24465390
>I'm a dumbass

I'm not sure what risk is.. Oh I know, let me ask any boomer who got BTFO'd during the stock market crash of 2008.

>> No.24465482

>>24465435
totally irrelevant

>> No.24465493

>>24465435
>he doesn't know

>> No.24465501

>>24465435
hard logic, /biz/ magic internet money irrefutably BTFO. also CHECKED lmaoooooooo

>> No.24465550

I keep forgetting there are alot of non americans on this board but here is a fun fact for you:

20% of all existing US dollars were printed this year.. The stock market is highly overvalued. The market is going to implode. I'm willing to be that happens after the printer turns off in Q2 2021.

>> No.24465578

>>24465493

This singularity!@111

>> No.24465597

Cryto:
Fewer regulations.
Lower barrier of entry / account size minimum and less paper work.
Arguably more volatility.

If you can trade it and make money with your account size there is fundamentally no difference. All that matters is liquidity/volume and ability to cash out.

>> No.24465601
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24465601

Can newfags not use google now?

GET OUT REEEEE

>> No.24465618

>>24465550
>he thinks the printers are gonna turn off
JEROMMMMEEEEEEEE

>> No.24465668
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24465668

>>24463583
Well put anon. 100% agreed to this testament.

>> No.24465674

>>24464608
this is not true, there are apps on ETH generating profits right now that distribute cash dividends to token holders (CRV and YFI for example)

>> No.24465702

>>24465550
WE CAN'T SHUT IT DOWN IT'S JUST PRINTING ON ITS OWN

>> No.24465756

>>24465501
Newfag go back to stocktwits

>> No.24465788

>>24465756
iknowuarebutwhatami

>> No.24465800

>>24464866
On what? Your Robinhood app?

>> No.24465822

>>24463938
It crashed after the markets crashed, when whales/institutions cashed out their BTC (which had been stable) to pump into the stock market to pick up bargains.

>> No.24465858

>>24465216
The biggest currency is Bitcoin Core which is controlled by the Bilderbergs, and propped up by chinks printing tether from thin air. Chainlink is hugely popular despite being a kike project to control smart contracts and our data. Monero gets harder to use and its already been cracked by glowies anyways. Its very difficult to onramp anonymously into crypto without going through KYC. Future doesnt look too good.

>> No.24465870

>>24464866
HAHA I KNOW RIGHT these fucking NERDS think 1s and 0s are worth anything elemayooooooooo anyway I’m going back 2 reddit the maymays are funnier there anyway

>> No.24466502

>>24463419
>>24463507
>>24463583
Basically gambling, except casino-style gamblers are usually more or less presentable. You can be a totally malicious basement dweller who cares more about screwing other people out of money than gaining money oneself and still gamble in (((crypto))). #WhiteSamsonOption

>> No.24466538

>>24463728
>tcp:ip, or https, or GPS
Right. It's investing in the platform itself, rather than a single app. Could even think of it as investing in particular programming languages and getting a slice when people build things with it

>> No.24466959

>>24465800
paypal and blockfi for now

>> No.24467563

>>24463419
if you don't get it fuck off. you're a simpleton and no one here is going to spoon feed you shit that should be obvious

>> No.24467702

>>24467563
yea I DO get it. Everyone here is betting that the entire financial system will collapse and crypto will take over.

>> No.24467738
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24467738

>> No.24467890

>>24463507
You obviously haven't seen penny stocks, they are the equivalent of the pajeet ERC20 tokens with 1 dev

>> No.24468263
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24468263

>>24464081
You are going to miss major gains anon. Im half stock, how could you not be. All assets will inflate this year except dollars. We are presently far exceeding records for the ammount of new brokerage/trading/investing accounts created per year. FEDs relentlessly pumping the market. Get in, we got at least another 2 years.

>> No.24468309

>>24468263
>All assets will inflate this year except dollars
true
>FEDs relentlessly pumping the market
with those very same dollars they are devaluing by printing en masse
doesn't take a rocket scientist to predict how that ends up

>> No.24468720

What I don’t get is not specifically why stock trading isn’t more popular, but why ALL other kinds of investments are so much less popular.

- real estate, agricultural, residential, commercial and industrial
- forex
- physical commodities, including but not limited to, precious metals, commodity ETFs
- antiques and collectibles
- corporate stocks
- bonds

>> No.24468817

>>24467702
>Everyone here is betting that the entire financial system will collapse and crypto will take over.
so no, you don't get it whatsoever

>> No.24469145

Where should I actually read about crypto that isn't reddit

>> No.24469183

>>24468817
ok your right I dont get it. you win. thanks for posting in here 11 times poorfag

>> No.24469193

>>24469145
Here

>> No.24469254

>>24469183
your argument is equivalent to "gold and fiat can't coexist"
1. BTC's biggest use case is store of value
2. There are thousands of cryptos with thousands of use cases other than store of value, or use as merely a method of payment.

>> No.24469266

>>24468720
it's easy to get into leverage with stocks, you can get margin accounts with options trading for $5 a month, easy access and get rich quick allure

>> No.24469414

BTC is a store of value. Ok so what happens if the value that bitcoin is storing USD, goes to shit? Doesn't that mean that BTC becomes worthless?

>> No.24469426

>>24469183
Op idk bout crypto. I'm 23.5yo and every paycheck i buy 2 shares of brkb (1 for investment\1 for recruitment account) and what ever is remaining after $250 I throw into the s&p index. I think people who buy crypto are retarded desu and can't be considered investors. At least not everyone here is completely retardo. What are your stock buying strategies?

>> No.24469635

>>24466538
Exactly, but to be fair most of the degens here don't think in this manner which equates to literal gambling on .finance tokens.

>> No.24469744

>>24469145
here anon. just lurk and understand that you will lose money and thats okay. eventually you'll reach a new understanding at which point you'll look back and laugh at how you could ever take any of those scams seriously. this is also the point at which you'll finally have a new outlook on crypto and see the bright future it has. good luck anon.

>>24469414
anybody in this space long enough realizes bitcoin is shit ancient tech. however no, if the usd goes down and by some fucking idiotic decision the world still believes in bitcoin most if not all of the value held in usd would now be shown in btc terms. for example a house could be 400,000 satoshi's.

>> No.24469774

>>24463971
>>24463971
Bitconnect 3.0

>> No.24469959

>>24469414
>Ok so what happens if the value that bitcoin is storing USD
holy shit you are retarded

>> No.24469971

>>24464714
kys boomer your ignorance isn’t worth responding to

>> No.24470064

>>24469959
>13 posts by this id
>fell for the easiest bait of all time
NGMI

>> No.24470275

>>24470064
>merely pretending

>> No.24470375
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24470375

>>24463507
>(((Stocks))) are a safe bet
Whoops, sorry goy! Looks like your account is locked again. Better wait 14 days for your funds to clear!

>> No.24470420

>>24469971
Im not a boomer, but I will unite with them to gas zoomies. You cannot refute a single claim of my post

>> No.24470756

>>24469744
you’re too fucking stupid

>> No.24471200
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24471200

bitcoin is fun. its fun cause its not a real thing. its not actually a real physical thing and u can become rich off it. the dream of a neet

>> No.24471387

>>24463790
This bahrainian camel photography forum doesn't have an iphone app. Zoomers don't know how to use a computer, so this website does not exist.

>> No.24471628

>>24464323
No they haven't faggot, it's not even the mid point

>> No.24471652

>>24471200
Saying bitcoin isn't real is like saying music isn't real, just because you can't see it doesn't make it fake.

>> No.24472847

Huge returns. Have a look at INJ, it's the future of crypto.

>> No.24472867

>>24463790
>>24463655
/Biz/ is just under 30 year old millennial boomers. Zoomers are all doing options on robinhood and losing their money.

>> No.24472992

>>24463419
Crypto
>Unpredictability
>Uncharted territory
>Never closes
>Absolutely fucking insane swings
>Nothing but pure excitement until things stabilize
>Significantly less regulated
>More abstract

Stocks
>Far more stable
>Government regulated
>bailouts etc
>Tied to corporations

Both have their pros and cons but the nature of crypto makes it far more exciting

>> No.24473012

>>24468720
>- real estate, agricultural, residential, commercial and industrial
Plenty of people get their real estate agent license and flip houses. There are like 30 different house flipping shows on HGTV.
>- forex
Not investing, swapping currencies back and forth. No buy and hold for years.
>- physical commodities, including but not limited to, precious metals, commodity ETFs
>- antiques and collectibles
Metals are a meme, as are anything physicals. Low liquidity.
>- corporate stocks
>- bonds
Both are popular, but bonds have been trash lately too.

>> No.24473055

Anyone who still think crypto is a scam in 2021, look up CBDCs

>> No.24473060

>>24463419
Bitcoin is new tech
4chan is nerds
What is hard to understand?