/biz/ - Business & Finance

[Anonymous No.24756493]

Why does crypto make normies seethe so much?

[Anonymous No.24756548]

Because they can't understand it plus they are afraid of risk plus they are jealous of those who took risk and were vastly rewarded for doing so.

[Anonymous No.24756597]

>>24756548
I think it’s why I like it so much. Ppl are irritated with me whenever I mention the potential and it completely goes over their heads. They’re gonna be even more salty when it turns out I’m right.

[Anonymous No.24756656]

>>24756493

They think taxes are great because most of them are net receivers.

[Anonymous No.24756687]

>>24756493
Because Anon what if I lose my money ? *buys new phone every year (monthly payments of course)*

[Anonymous No.24756712]

>reeeeee you can’t just buy stuff and get insanely rich with fake internet money!!!!

[Anonymous No.24756736]

>>24756493
Anger of missing out.

[Anonymous No.24756738]

>>24756656
I mean, most blockchains are transparent and traceable. Besides privacy coins like monero, I don’t think it’ll effect tax collection much except for a few ppl that know how to mask. Congress is asking more money for the IRS to prbly crack down on crypto. 2020 tax year is going to leave a lot of burger anons buttblasted.

[Anonymous No.24756743]

>It is just a pyramid scheme mmmkaaayy?
>you should invest in real assets like savings accounts at the bank
>why don't you get a real job? I hear the call centre are hiring
>Why don't you just buy a house instead?

[Anonymous No.24756751]

Normies think printing more money and giving it to the poor is an actual possibility, think about the kind of brain dead npc theh are

[Anonymous No.24756782]

>>24756743
>IT HAS NO VALUE AT ALL ITS JUST AIR.
https://www.cnbc.com/2020/02/24/warren-buffett-cryptocurrency-has-no-value.html

[Anonymous No.24756879]

They're all shit scared of what happened in 2018 and can't see past it. The mentality is that because it happened before then it will happen again, and not that it was a nascent tech which is maturing now. Not saying there won't be crashes again, but not like that, and not for so long before recovery. Fiat is fucked and you can see them all struggling with the cognitive dissonance of having to look at crypto again after they've all been celebrating its 'demise'.
>See? I told you it was tulip bulbs
>Oh, you mean it's not tulip bulbs after all?
>muh you'll regret it. how do i buy it anyway?

[Anonymous No.24756938]

>>24756879
>but not like that
kek it most certainly will be like that. as long as it moons violently it will crash as violently, we are not seeing any increased stability yet

[Anonymous No.24756941]

>>24756879
I literally showed my cousin an article about Mass Mutual buying 100 million dollars worth and he still defaulted to “it has no value and absolutely no purpose.” Dudes a dev too and could make bundles of cash developing with blockchain. If I wasn’t retarded, I’d learn this shit.

[Anonymous No.24756956]

I'm buying 10 dollars worth of bitcoin, is this the right first time move?

[Anonymous No.24756965]

>>24756938
20k to 3k for 3 years. Come on.. it's not gonna do that

[Anonymous No.24756981]

>>24756941
It's really interesting how many devs are so against it. I think it's because while they understand the technology, they don't get the economics part. They *feel* like they fully grasp it, and see it as an inferior database.
>why would I wait 10 minutes when we can just spin up an aws instance? this is stupid

[Anonymous No.24756988]

>>24756493
>donwload Pi network app
>use invitation code tomdorr
>mine pi
>???
>profit$$$$$

[Anonymous No.24756996]

>>24756956
How does $10,000,000 sound?

[Anonymous No.24757044]

>>24756965
Why wouldn't it? Could be $100k to $10k or $20k to $3k again. Stability isn't here. Saying come on it's not going to do that makes me think it will kek

[Anonymous No.24757064]

>>24756941
Developers have a hard time swallowing blockchain.
Because it's an extremely complicated system that's running without technical leadership.
I still don't swallow it desu, but reality of finance made me just ignore that intuition.

[Anonymous No.24757090]

>>24756493
Because it isn’t mainstream, normies only like mainstream things

[Anonymous No.24757094]

>>24756981
It boils down to lack of leadership in the blockchain tech.
Any tech product without leadership would be assumed to be dead, open-source or proprietary.

[Anonymous No.24757096]

>>24756493
It’s existence, philosophy and boom are evidence they live in a society that is broken. They don’t want to exert the mental energy to think about how the system is broken, because most people have become hypernormalized into accepting this reality as status quo.

[Anonymous No.24757148]

>>24756493
It's because we all know how the humanity valuing of gold itself is irrational and a symptom of human flaw.
Bitcoin flies in the face of that and abuses that collective psychological glitch.
Above everything, normies hate it when you point out how human behaviour is mostly irrational.

[Anonymous No.24757262]

>>24757094
No, that's not my experience and I know a lot of devs. That is not an angle I've ever heard.

[Anonymous No.24757341]

>>24757044
I didn't expect you to change your opinion because I said "come on".
You saying "stability isn't here" isn't going to make me change mine, either, but I wouldn't imply you suggested it.
Okay, let's have a survey. Who thinks it's likely that Bitcoin will go to $3k again? I don't. I think it would never bottom that low, and when it does bottom, I think it'll recover quickly. I think we'll see more of that quick recovery in the future. I don't understand why you're here if you think that's likely. You think Fiat is gonna keep going? 33% of USD has been printed in the last 10 months. It's a dying horse. People are seeing that.

[Anonymous No.24757404]

>>24757341
I don't think it's going to $3k either, but I don't think volatility is decreasing. Given that we are in an upswing I think it's likely we'll never see $3k again, but only because after this cycle I think conditions will have changed.

[Anonymous No.24757648]

>>24757341
A lot of normies I’ve spoken to dont comprehend the massive shift in the world reserve currency status of the USD and the hyperinflation causing economic and social collapses in many poorer countries right now. They think that the USD will remain king forever even if the IMF is already talking about a new Bretton Woods moment. Central banks have been buying gold. I think with institutions coming in, prices will slowly begin to stabilize. Normie retail has weak hands, while institutional investors and prbly got iron grips. Normies won’t enter until there’s a big pump first.

[Anonymous No.24757667]

Yes.

http://gains.dob.jp

[Anonymous No.24757831]

>>24756493
I think it's because it never goes anywhere, even i'm getting tired of the endless pump and dump scams.

[Anonymous No.24757865]

>>24756956
pft i have $700 worth of secret and accumulating until $1000

[Anonymous No.24757907]

>>24756493
I dunno what you mean by normies but I figure you mean new comers in crypto. I’ll tell you why: because it’s unfair seeing other people make a lot of money betting on the success of vaporware crypto projects while the rest of us are working 9 to 5 and barely making a living and doing our part in society.

[Anonymous No.24757984]

>>24756493
I've never seen any normies actually seething over crypto. The only thing I remember was in 2017 my brother was pointing out how much energy was being wasted on bitcoin mining.

[Anonymous No.24757989]

>>24757907
>rich ppl do the same thing
>billionaires are revered and respected and ppl jerk them off
>ANON ITS NOT FAIR THAT YOURE NOT A SEETHING WAGIE LIKE US WHO WORK FOR A LIVING BILLIONAIRES CONTRIBUTE TO SOCIETY YOU DONT

[Anonymous No.24758026]

>>24757984
They trash it all the time. Maybe not seethe, but certainly look upon crypto with distain. If you tried talking crypto with normies, you’d see the resistance/negativity.

[Anonymous No.24758027]

>>24757984
okay, how much energy is being wasted to power facebook?

[Anonymous No.24758031]

>>24756493
they refuse to grasp long term planning and risk, then get extremely upset when someone who understands these things makes a ton of money while they slave away at their shitty job because they're too pussy and shortsighted to change

[Anonymous No.24758058]

>>24757989
>ANON ITS NOT FAIR THAT YOURE NOT A SEETHING WAGIE LIKE US WHO WORK FOR A LIVING BILLIONAIRES CONTRIBUTE TO SOCIETY YOU DONT
This. Crabs in a bucket.

[Anonymous No.24758064]

>>24757148
>Bitcoin flies in the face of that and abuses that collective psychological glitch.
Good point, anon.

[Anonymous No.24758100]

>>24756493

My parents always complain that I should get a job but I have around a million euros in crypto. I do believe in the values of hard work and working in general but its just so hard to motivate myself to apply for jobs paying 3200€ a month (avg rate for masters degree). Normies are just too naive, they believe that the old system is still in place where hard work will give you a good life but the reality is global markets and the economy have become a casino where the house always wins.

[Anonymous No.24758131]

>>24758100

I do want to work hard and do something with my life but I just don’t know what. I’m thinking of just starting my own company with my wealth.

[Anonymous No.24758155]

>>24756738

Hahahah good luck seizing those funds without the private keys

[Anonymous No.24758237]

>>24758100
It’s how normies have been socialized. If they didn’t believe that the meritocracy exists, then they’d get very mad at how they’ve been getting fucked these past few decades.

[Anonymous No.24758251]

>>24757989
well, rich people worked hard at some point to get that wealthy so it’s justified because it came from somewhere out of work.

Crypto on the other hand made lazy and unemployed members of society become rich without working a day just because they were lucky by being in the right place wt the right time (see LINK early investors).

[Anonymous No.24758302]

>>24756548
>>24756712
>>24757090
Pretty much... "Raarrgh me no understand, this upset me naive weak grasp on things. Me heard TV expert readily dismiss with lazy argument, me agree with fellow normans that it's dumb"

[Anonymous No.24758335]

Getting money without having to socialize is what freaks them out

Normalfags don't "enjoy" socializing or working - they've just deluded themselves into believing they're really good at it

[Anonymous No.24758348]

>>24758251
>born rich
>handed the keys to daddy’s company and assets
>”worked hard”
>implying that most rich ppl aren’t just scumbags that were willing to fuck over ppl like zucc or Steve Jobs.
>implying that crypto investors aren’t risking their hard earned money like many famous investors who got lucky and bought Amazon or google stocks early.

Seethe more please.

[Anonymous No.24758382]

>>24756493
Because the as on TV told me that paying taxes is cool and hip. How else will we fund transgender-run education centers and abortion clinics?

[Anonymous No.24758434]

>>24758348
most rich people where "rich" is defined as "millionaire without counting living residence as part of networth" are actually middle class or lower class types who started a business
this is public data and there's even books written on the topic in easily digestible form. you're here on the internet where a search engine can give you the information on such topics near instantly, but you'd rather stay misinformed for the sake of blaming your shortcomings on some supposed higher morality of yours
crypto is awesome, but hopefully we dump 90% so your type gets wiped out

[Anonymous No.24758448]

>>24758434
>implying I don’t work for a living

[Anonymous No.24758477]

>sees it made people rich with just $50. It's too late for me to do the same. Bitcoin bad.
>Lots of people got burned hard in 2018, and crypto is dead. I know this because the news said so. It must have failed, it will never recover. Crypto bad.
>Our cult classic movie and book author celebrity does not like Bitcoin, she refuses to accept any of this worthless item. She is our savior, Harry Potter good.
>Famous celebrity endorses crypto and wants to . They don't know what they're doing and will lose all their money. Rich people bad and transphobic.
>Bitcoin is now $100k each and more rich people are born. All rich people are evil and do nothing good for society. Rich people bad.

[Anonymous No.24758525]

>>24756548
Excellent post anon. Fuck normies.

[Anonymous No.24758566]

>>24758348
Steve Jobs was basically insane and refused a salary after taking over Apple again. He was rich from getting bought out and increasing the value of the company, by all definitions he wasn't an evil bad person. He was more... I don't know, almost true neutral than good/evil or lawful/chaotic. He was literally on a higher plane of existence than most people.

[Anonymous No.24758585]

>>24756493
Because they missed the boat. Probably because of the kikes (((distractions)))

[Anonymous No.24758758]

>>24757648
>>24757404
>>24757341
Markets can overheat, if you’ve been here 3 years you know that. Give it time to cool down or it does another 70% crash. It just seems like it will pump and dump forever which turns most people off.

[Anonymous No.24759067]

>>24758100
Are your parents retarded or just faggots? Who in their right mind would tell a millionaire they have to work wtf lol

[Anonymous No.24759493]

>>24758251
Buying LINK in 2017 wasn't "luck". Were you alive in 2017? Did you know 4chan existed? It's YOUR fault you didn't have your ear to the ground and take a massive risk like early buyers did. Same thing in 2009 when BTC was being shilled on /g/.

[NOOOOOOOOOOOOOOOOOOOOGER No.24759523]

>>24756493
Because it makes them realize money has no inherit value. the shit they work so hard for can be earned in minutes here if your smart/lucky enough.

[Anonymous No.24759547]

>>24759493
I missed it because I was going through some shit at that time.

[Anonymous No.24759554]

>>24756597
You're gonna be dead if we ever moon violently

[Anonymous No.24759557]

because they want everyone to pay taxes and obey whatever new bullshit they create

[Anonymous No.24759594]

>>24759547
So was I, but I don't blame others or denigrate their successful risk taking because I was a poorfag in college and a debt ridden poorfag in 2017. I COULD have taken the risks, I DIDN'T take the risks because I was a stupid faggot. Nobody made me not take the risks. I can only applaud the people who jumped on early and made it.

[Anonymous No.24759601]

>>24756493
They don’t understand that money is fundamentally a tool and that authority doesn’t have to be implicitly expected and obeyed. Those 2 concepts are linked. So they don’t get that anyone can make money and now with blockchain tech configure the properties of it. Finally they don’t get how decentralisation makes this a reality where it once wasn’t possible. They are now just fiat bag holders holding on to the idea that their governments will save them when really they know in their heart of hearts they are getting screwed. Cognitive dissonance once faced induces rage.

[Anonymous No.24759703]

>>24759594
Part of it is because they refuse to let anyone else have a turn in it.I don't hate them for the success, they earned it.

[Anonymous No.24759892]

>>24756493
Its unfair that you make more from cryptos that they will make in entire career working for mr nosestein

[Anonymous No.24759919]

>>24759554
Yeah, it’s better to shut the fuck up about it irl at this point of time, especially with so many normies getting rekt by the global economy and having to line up for food lol.

[Anonymous No.24760023]

>>24759493
It was luck no matter how you look at it. I was alive in 2017 but I never visited 4chan. You call investing in link at $0.15-0.20 “massive” risk? Try investing at $18 like most of us THEN talk about risk...

[Anonymous No.24760102]

>>24760023
>but I never visited 4chan
That is entirely your fault. If you put even a modicum of thought into it you'd realize that 4chan is the clearinghouse of information on the net, the ONLY place where you'll get early intel on stuff that's happening because of the lazy moderation and anonymous posting allowing people to share information without risk of damage to reputation.

>Try investing at $18 like most of us
You still don't get it, do you. $18 is cheap. And there's also good smallcap coins you could be putting money into for the long haul, but you're a shortsighted brainlet and would rather whine that a time traveler didn't come to you personally and tell you what to buy 3 years ago.

[Anonymous No.24760310]

>>24760102
>And there's also good smallcap coins you could be putting money into for the long haul
OK anon, I'm here on /biz/, what do you recommend?

[Anonymous No.24760348]

>>24760102
that was bait anon

[Anonymous No.24760391]

>>24760310
start with btc, then invest excess into other coins or put 1-2x long leverage, and experiment with defi products

[Anonymous No.24760489]

>>24760310
I recommend you do your own research. It's pretty fucking easy to tell the scams from the coins with actual utility. That should be the only hint you need to make it.

If you're too stupid to figure it out, just DCA into BTC. It's going to hit 7 figures eventually so you can still make it big over time.

[Anonymous No.24760860]

You hear the same thing about stocks. It's just gambling for rich snobs. They know people are getting returns from it and they know its easy because they hear of basement dwellers and burger flippers with six and seven figure portfolios. For some reason their brain shortcircuits and they, react with anger and resentment instead of thinking 'oh cool I could do it too'.

[Anonymous No.24761146]

>>24759067
>Are your parents retarded or just faggots?
Unfortuntately, they're probably both, which is an even worse type of person to be.

A non-faggot retard at least has some awareness that they can't think on a higher level.

[Anonymous No.24761152]

>>24760489
Anon I only buy BTC and LINK. Will I make it?

[Anonymous No.24761189]

>>24758031
If they learned about it, they would see that there are billions of dollars propping up the market, and that's its not going anywhere. So its not as risky as they think.

[Anonymous No.24761338]

>>24761146
I am happy for you that even with those genetics you're only a semifaggot retard :)

[Anonymous No.24761419]

>>24759703
Stfu. The fud was literally a test to eliminate lazy faggots. You lazy fag just want to sit there and think someone would tell you what you should buy?

[Anonymous No.24761429]

>>24761338
oh I'm not that guy. I just know the type

[Anonymous No.24761462]

>>24761429
Well shit now I'm the retardfaggot

[Anonymous No.24761492]

>>24759067

It’s because I’m only 26 and have never worked a professional job before. Working sucks but it does allow you to grow more as a person and acquire connections (if you work a good job).

[Anonymous No.24761499]

What do you know about DuckDAO?

Found Medium article about their Crypto Incubator, seems safe, share your opinion about it.

[Anonymous No.24761509]

>>24756493
because it's just another form of currency speculatIon, same way Soros made his billions