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/biz/ - Business & Finance

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4865990 No.4865990 [Reply] [Original]

>tell dad about crypto
>says its just gambling
FUCK OFFFFFFFFFFFF

>> No.4866010

He's right

>> No.4866038

>>4865990
It is, fucko. Embrace it.

>> No.4866066
File: 346 KB, 936x936, 1500860499603.png [View same] [iqdb] [saucenao] [google]
4866066

IT IS

>> No.4866082

>>4865990
I bet your dad plays loto and thinks he has a chance.

>> No.4866111

> "speculation isn't gambling"

You do know how finances work, yes?

>> No.4866196
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4866196

>>4866082
Every fucking pleb plays the lottery, but is afraid of investing.

Truly the idiot tax

>> No.4866231

He's right you know

>> No.4866257

>>4865990
It's legal gambling but the smarter you are, the better your chances get.

>> No.4866316

it is gambling but you can manipulate the odds into your favor and you aren't playing against the house but you do have to at least beat their fees

>> No.4866352

>>4865990
I hope he holds the same view for investing in general.
It is all gambling, stocks, bonds, everything.

>> No.4866382

>>4866066
tot kek. nice almost 6's

>> No.4866431
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4866431

wop it out in front of him

>> No.4866444

>>4865990
I'M UP 6K IN A MONTH, LITERALLY STAY UNINVESTED.

>> No.4866465

>>4866196
People think if you invest some money say 100 USD, that you can't just lose that money but that it can magically drain your bank account and sell your house. Investing isn't gambling, luck is involved but the idea is that you make the very most informed opinions that you can.

>> No.4866476

>>4865990
it is

>> No.4866481
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4866481

>f-ffug y-youu dadddy... :( no lembo forr you

>> No.4866508

>>4865990
>tell dad bitcoin has gone up 10,000 USD in a few months
>"it's just a bubble, it's gonna pop anytime now"
>tfw dad is a typical nocoiner

>> No.4866532
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4866532

>>4865990
my normie friend 5 minutes ago after telling him about my btc gains
>still pointless if u can't make it into real money bro
have i been btfo?

>> No.4866574

>>4866532
No, because it's incredibly easy to do so?

>> No.4866621

>>4866574
you know of a place i can trade for fiat in canada?

>> No.4866624

>>4866532
Ask him if he wants half. Then we'll get his real opinion of it.

>> No.4866665

>>4866444
>only 6k in the last month
What are you, poor?

>> No.4866671

>>4866532
>he still thinks he can cash out

lol dont tell me u actually fell for the monopoly money meme

>> No.4866685
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4866685

>>4866508
Ah, sound like time to shitpaste nocoiner images on your door for optimal butthurt.

>> No.4866700

>>4866532
he's right though, if your coins are in an exchange, chances are you literally won't be able to cash that shit out. just try it. it will be extremely hard, stressful and will take a long ass time.

why do you think bitcoin's market capital only keeps increasing in the billions daily? because people keep pouring fiat into it but can't cash it out lmao

>> No.4866742

>>4866444
That doesn't mean anything if you don't disclose the initial investment.

>> No.4866744
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4866744

>>4866700
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>> No.4866830

>>4866665
>>4866742
I have invested $10k in BTC and ETH, and have current portfolio value of ~$16,500. I invested roughly 1 week ago, so my month is off. I basically got in at exactly the right time at the 8K-6K dip.

>> No.4866852

>le hyde raid