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/biz/ - Business & Finance

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4770686 No.4770686 [Reply] [Original]

>I’m holding cash because I don’t trust the market

What are other things normies say about money?

>> No.4770707

>>4770686
that's not normie, that's just poor people.

>> No.4770849

>>4770686
"i'm not buying that, it's already up XXX% this year."

completely ignoring the possible worth of said asset.

>> No.4771451

>>4770686
>but that's not REAL money!
>but what even gives it value?
>but can you use it at my local shops NO therefore it's useless and will never amount to anything!
>but what if you get hacked?
>seems risky, i'll stick with (blue chip stock or some pussy shit)
>what's to stop the developers from taking everyone's money and running away?

>> No.4771496

Also my favorite, after normies hear about bitcoin for the first time ever, no research done on their behalf literally introduced to the concept seconds ago.

>sounds like a scam

>> No.4772019

>>4770849
You hear this on /biz daily

> you retard buying at ATH!!!

Almost every btc purchase I ever made was near an ath and today I am up 80%

>> No.4772045

>>4770686
With the current market, that's probably a good idea for the next 1-2 years.
Some people just don't know about crypto. And my 80% of net worth in crypto are a worse idea, let's be honest.

>> No.4772093

>>4772019
Keep it up then since clearly its the best strategy

>>4771496
it is a scam. you are simply trying to get at the top of the pyramid

all you idiots piss me off. Ill be chuckling away when you inevitably lose everything, like every newb trader before you

>> No.4772134

>>4772019
>>4772045
Yes, BTC will continue to go up as long as central banks maintain low interest rates allowing for cheap credit, capital injections (e.g. ECB, SNB, BoJ).

Monetary policy signals through bond markets which drives the stock markets. As long as they maintain these policies BTC will continue to grow faster and faster. My suggestion is to spot buy on dips and ride alt waves like most /biz/raelis will tell you.

>> No.4772242
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4772242

>>4771451
>>seems risky, i'll stick with (blue chip stock or some pussy shit)

implying a typical 99iq normie has any savings let alone fucking stocks. normies been bearish on stock market since subprime, you can see this easily the retail stock ownership ratio is all time lows and households have completely missed the rally

>> No.4772427

>>4772242
The only investment they have is through their 401K. Many lost their homes/jobs and are just starting to recover. The easy monetary policies and government guaranteed safety nets pretty much gave the green light for the longest running bull market to date. The normies will get raped harder on the next crisis.