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/biz/ - Business & Finance

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54259915 No.54259915 [Reply] [Original]

If you made money in crypto you did so over the back of other poorfags. How do you feel about this fact? I'm guessing no one here has morals so you probably don't care

>> No.54259923
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54259923

>>54259915
Poorfags owe me money

>> No.54259935

>>54259915
I have morals but i dont care because these poorfags whose money I took would have done the same to me if they weren't so dumb.

>> No.54259946

>>54259935
holy coperino

>> No.54259959

Wrong you retard
Thats only with shitcoins
Bitcoin:
A minted and sold for 5 dollar
Profit
B bought and sold for 100 dollar
Profit
C bought and sold for 5k
Profit
D bought for 5k and is holding
Profit
See everyone is in Profit and now fuck off.
It would only be a zero sum game if it would ever go to 0 so no.

>> No.54259966
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54259966

>>54259959
>everyone sold for a profit because le heckin pyramid scheme is valid ok?

>> No.54259970

>>54259915
Morals? What is a moral? Can you objectively describe it please?
Also lmao!
As if I would be concerned about someone I’ve never met or seen who doesn’t impact my life in the slightest. You are only a few pixels on my screen that will dissapear once I close this thread.

>> No.54259977

>>54259966
>he exposes himself as the chudposter
Wow
Also yes the "pyramid scheme" is overtaking other pyramid schemes like the dollar and yes its valid

>> No.54259984

>>54259970
Morals are shaped by factors like religion, philosophy, family values, and social norms.

Thank you for outing yourself as having no religion, no philosophy, no family and social outcast

-drops mic and leaves thread-

>> No.54259985

>>54259970
Peak anglo/ jew mentality here tho.

>> No.54259999

>>54259946
how is this cope? when you engage in competition you have to be ready to lose

>> No.54260008

Do you feel bad killing someone in video game?

>> No.54260020

>>54259984
lol
lmao

>> No.54260078

>>54259984
>completely ignores the question
>makes a vague statement
>leaves the thread thinking he made a point
I would call you based if you weren’t retarded. A based retard, perhaps?

>> No.54260089

it is not enough that i should succeed, others must fail

>> No.54260094

>>54259915
>How do you feel about this fact?
sometimes you win sometimes you loose

>> No.54260101
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54260101

>>54259915
Crypto doesn't create any value, meaning each time someone cash out its gains, someone else lost money.

>> No.54260151

>/biz/
>trading
>morals

Lol. Lmao even.

Actually we're being way more fair that most other business people because in trading all the players are here 100% by choice, while in the job market exploitation most are there because they don't have any other.

>> No.54260247

>>54259915
I sold to willing buyers at the current fair market price.

>> No.54260306

>>54260247
Based but -5 for quoting Margin Call again.
5/10

>> No.54260344
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54260344

Feels good, man.

>> No.54260394

>>54259970
A form of social contact, loosely speaking
>>54259984
These can influence “morals” yees

>> No.54260803

>>54259915
>other poorfags
Boomers

My baby boomer parent was telling me how she knew another baby boomer who'd bought bitcoin and
>lost a lot of money
So much so that he was stunned and didn't know what to do with himself.

He'll have bought the 20k peak and sodl'ed at 4k, like an investment genius, like so many boomers think they are.

But apparently it wasn't all bad because he also had a little patch of land he was able to sell to get some money back. So.... you know.... equals peequals and all that...

I would consider it an honor to rinse out just one boomer or wokey. I'm basically performing a public service at this point.

>> No.54260819

>>54259970
>You are only a few pixels on my screen that will dissapear once I close this thread.
Well.... way to hurt my feelings brony..... that was too far....

>> No.54260845

>>54260008
>Do you feel bad killing someone in video game?
That not a comparable example. For it to be so losing at the game would have to deliver a powerful and sustained electric shock to the opponents ballz.

And in that case, no, I wouldn't. I'd find it hilarious. I'd also be very careful playing that game.

>> No.54260856

>>54260151
>Actually we're being way more fair that most other business people because in trading all the players are here 100% by choice, while in the job market exploitation most are there because they don't have any other.
Yes

>> No.54260881

>>54259915
nobody forced them to lose their money to me

>> No.54262579

>>54259915
I'm making money from ORE/ETH pool. LP still rewarding.

>> No.54262608

>>54259915
Thanks for the exit liquidity my basterds

>> No.54262684

>>54259915
its not amoral to a push a button at the correct time. just hard

>> No.54262812
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54262812

>>54259915
>How do you feel about this fact
Feels good man.

>> No.54262868

>>54259915
>Crypto is invented to "do away with slimy bankers"
>Crypto literally turns anyone who's "into crypto" into a grifter far worse than any banker, literally people trying to pump and dump all of their friends, family, and followers into "holding the bag" and losing their investment.
It would be funny if it wasn't so true. Crypto is a ZERO-SUM GAME!
The only way to "make gainz" is if someone else loses money.
At least with banking, people get an ROI based on returns from loans, like mortgages. In Crypto, there's no returns on anything. "Yield farming" is literally a scam.

>> No.54262894

>>54259915
Is this nit the case of all ponzi schemes? Do you honestly believe something exists that is not a ponzi?

>> No.54262926
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54262926

>>54259915
>If you made money in crypto you did so over the back of other poorfags
GOOD

>> No.54263003
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54263003

>>54259915
>If you made money in crypto you did so over the back of other poorfags
Crypto is not a zero-sum game. People lose money because they make poor investing decisions or are just stupid.

>> No.54263024

>>54260089
>>54260094
>>54260101
>>54260247
>>54260344
>>54260881
>>54262608
>>54262684
>>54262812
>>54262868
NO
>>54262894
>>54262926
How can all of you retards ignore my points
Crypto is NOT a zero sum game until it goes to 0
>>54259959

>> No.54263042

>>54263003
>Crypto is not a zero-sum game.
K, then explain how people make money in crypto.

>> No.54263050 [DELETED] 

>>54263003
>Crypto is not a zero-sum game
NO

>> No.54263069

>>54263042
see>>54259959

>> No.54263070

>>54263042
there are enough trading 101 websites

>> No.54263072

>>54262894
>Everything is a ponzi
No, some things have value, even if you can't sell them.
>>54262868
Really all trading, regardless of what you are trading, is a zero sum game. Now, maybe youre trading things that are creating value in the economy, but they would be creating that value even if they weren't being traded.
However, so don't think profiting from trading is fundamentally immoral. If you're making a profit, you're buying things that are undervalued thus raising the price, and selling things that are overvalued thus lowring the price, so you are helping the market determine the fair value of the things you are trading. Generally, if youre losing money by trading, you deserve to be punished because you are pushing the price in the wrong direction.

>> No.54263073

>>54259915
thats why I trade forex
retail traders do not make even 5% of the global market
when you make money, you take it from multi-trillion dollar institutions
they get their money from other institutions delivered by trade agreements and algorithm price delivery
that money makes up only around a third of the entire capital of what real individuals put in the actual banks

>> No.54263093

>>54259959
>>54263042
Who is on the losing end then?
The fed and the governments
Because people used to hold fiat and the fed could dump on them
Not with crypto
You people dont even understand why crypto is good
Huge top signals damn

>> No.54263104
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54263104

>>54259915
idc they wanted to do the same to me

>> No.54263108

Bitcoin produces a valuable system of money. It's not a zero-sum game because all participants are enjoying the benefits of the system as a whole. Just like a single word has no value outside of a language, but the language as whole has value in that it facilitates communication. Bitcoin, by virtue of being a good basis for a financial system, facilitates commerce and is therefore a valuable thing.

>> No.54263118

I have morals just master morality and think poor fags should be my slaves

>> No.54263121

>>54263072
>Really all trading, regardless of what you are trading, is a zero sum game.
Yes trading is a zero sum game but not holding

>> No.54263148

>>54259915
>Everyone enters into a voluntary agreement, gambling like retards
Do you expect the lottery winner to feel guilt, having bought his ticket like everyone else?
>>54263003
I will never understand those that invest, then cash out a loss. They clearly couldn't afford to gamble that money, and yet. I've got coins in down on, will never realize a loss.

>> No.54263162
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54263162

>>54259999
Quads of truth

>> No.54263173

>>54263148
>I've got coins in down on, will never realize a loss.
Thats a terrible noob mistake and the reason people holdeld rubic, icp and the other shit -95%

>> No.54263187

>>54259915
>If you made money in crypto you did so over the back of other poorfags
Not really. I haven't even distributed yet. I simply make money from fees applied to active trades on gains.trade

>> No.54263316

>>54262868
theres value in being easily transportable and that which cannot be censored. crypto doesnt need to give you yield.

>> No.54263359
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54263359

>>54259923
richfaggots owe me money.

>> No.54263405

>>54259915
they were trying to do the same to me but i did it better
sounds like their problem

>> No.54263448

>>54263121
True. Holding isn't even a game. It is stasis and inaction.
If you loan your cash, crypto or money out to some businessman who uses it to create a profitable business, then I can see how your holdings are helping to create value. If you're just sitting on them, they are not.

>> No.54263449

>>54263173
Of lesser brands, ANKR, XMR, even HBAR seem to all be rising again for me. I'm not here to time the market, and I haven't held ICP or Rubic, I was shaken out early days by panic when I first started in crypto and would have been better off now if I'd held.
I've got my targets and I've written off the investment entirely until it hits those targets.

>> No.54263462

>>54263073
But institutions are backed by the money printer. They lose the tax payers bail them out. So you are still robbing from poorfags

>> No.54263523

>>54263316
Then why is every single crypto down?
Even "stable-coins" are down since they're supposed to beat inflation.
Answer: crypto is a scam, it's not "decentralized", and basically every crypto coin is a shit-coin on some level.
https://www.cnbc.com/2022/10/13/el-salvadors-bitcoin-holdings-down-60percent-to-60-million-one-year-later.html
https://www.youtube.com/watch?v=IpgjDdisnmE

>> No.54263645

>>54259915
People who gamble on shitcoins and take part in the market aren't actual "poorfags", they're degenerates to begin with.
Second, when a transaction happens, that's because the person wanted what was transacted. The person doesn't always want to make a profit, it might sell because it can't bear the risk anymore. This person doesn't always sell at a loss.

>> No.54263682

>>54263523
>>54263042
>>54262868
Your shitty dollar scam will go to zero. Everything that isn't proof of work is a scam.

>> No.54263716

>>54263523
>imma cherry pick dis shit and
enough, peasant.

>> No.54263772
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54263772

>>54260101
Jokes on you payed my house with a crypto Visa

>> No.54265252

>>54259915
Poorfags were very greedy to be rich. Instead of just hodling BTC or ETH in their wallet to sell in years to come and pay their bills from there through CryptMi app, they decided to trade without caution. They have themselves to blame forever.

>> No.54265255

>>54263449
Sure now is not the time to sell and good tokens are for holding
But only xmr seems sure

>> No.54265358

I have a cat named piggler

>> No.54265496
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54265496

>>54259999
checked and correct

>> No.54265550

>>54259915
They didn’t have to sell to me

>> No.54265559

>>54259915
Don’t care. That’s how equity trading works and everyone mutually agrees when they buy in

>> No.54265665

>>54259915
It's natural, besides, most people already get signals on this board (see: the recent SHIB burning where you can buy KOY even if you are a fucking poorfag and get tons of money weekly) that make them money even if they lost it already
So no, i don't feel bad

>> No.54267883

>>54259915
It's a wealth transfer, so I don't feel bad, in fact, I'm living a good life, paying with crypto via the CryptMi app from the profits I made.

>> No.54268033

>>54263462
Not really. I trade commodities/gold bullions and stay away from the dollar or even currency as much as possible and I strongly recommend you do the same.

>> No.54268449

>>54267883
Crypto payment is gaining traction presently, especially now that we have crypto cards.

>> No.54268454

>>54259915
a trade is a trade, no one put a gun nto their head and forced them to invest

>> No.54268492

>>54259915
If you’re poor because you’re stupid you deserve to stay poor. If you’re poor because you’re lazy you deserve to make it.

>> No.54270534

>>54268449
The main reason why I use the CryptMI app is because of its card that comes with a nice loyalty reward

>> No.54272504

>>54268449
Only if they can be more private, they'll be the talk of the century.

>> No.54272655

>>54265255
Most privacy or privacy related tokens are based investment for long term hodls. Privacy is here to stay.

>> No.54272742

>>54259915
Only winners and losers. Morality is cope and/or delusions brought on by psychedelic drugs.

>> No.54272779

>>54259915
That's capitalism for you.

>> No.54272872

Wrong.
All of MY gains were from Jews selling. I picked their individual values up through perfect timing and saved and loaded until only their strings of light entered my computer.

>> No.54272873

>>54263003
Oh I get it now, maybe I should stop stacking ICP and just buy tokens with better usecases such as Privacy or Web3.

>> No.54272927

>>54259915
I've been in crypto for 10 years and still havent made it
youre welcome poorfags

>> No.54272960

>>54259915
I do not care pepe. I lost money to hackers too because I failed to secure my wallets and transactions using privacy.