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/biz/ - Business & Finance

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16950595 No.16950595 [Reply] [Original]

>> No.16950601

it isnt
its fun

>> No.16950621

>>16950601
t. dumbass

>> No.16950626

>>16950601
It's only a tiny bit different than playing a card game in a Casino tho. Some will get rich, most will lose.
Golden Bull Run will never happen again, there is no public interest after the crash in 2017.

>> No.16950641
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16950641

>>16950601
so not yet

>> No.16950675

>>16950621
how? trading is fun though
>>16950626
>Golden Bull Run will never happen again, there is no public interest after the crash in 2017
people will start talking about it again at ath, more and more from around 15k and they will all fomo in again and buy our bags

>> No.16950702

>>16950626
>Golden Bull Run will never happen again, there is no public interest after the crash in 2017.
KEK, fuckin newfags, oh please do tell us all of your knowledge o wise one

>> No.16950707

>>16950595
Probably once you learn that trading is a zero sum game.

>> No.16950721

>>16950595
https://m.youtube.com/watch?v=jcy8QaILDJI

>> No.16950745

>>16950626
I am very amused of the low level of knowledge about economics here in biz board.

Bitcoin is a deflationary coin, and fiat is inflationary. Check for yourself, do your pwn research and try to predict what would happen with both in terms of value in the mid term.

>> No.16950761

>>16950721
lol at this deano

>> No.16951712

>>16950595
right after daytrading made me 5 mil and i retired. it just wasnt fun anymore.

>> No.16951756

>>16950595
After i lost 50% of my account. Could have been in the green if I just held to some shitcoin instead.

>> No.16952313

>>16950626
newfags are coming back to biz I see. You'll buy in at $20k.

>> No.16953159
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16953159

>>16950595
Yea a meme to make fucking bank retards,this is from today

>> No.16953257

>>16950707
It‘s not a zero sum game for traders. Exchanges make billions

>> No.16953312

>>16950641
Why so cringe?

>> No.16954391

>>16950626
>Golden Bull Run will never happen again
Blockchain is useless tech that will never see real world adoption. Pack it up boys, were done here.

>> No.16954486

when i went to business school and they showed us the stats of traders vs index funds

>> No.16954523
File: 1.93 MB, 460x259, 1498042067186.gif [View same] [iqdb] [saucenao] [google]
16954523

>>16953257
>It‘s not a zero sum game for traders
>Exchanges make
>traders
>Exchanges

>> No.16954531

>>16950595
i really really like that picture. do you mind if i save it?

>> No.16954597

>>16950595
I still havent

>> No.16954609

>>16954391
You laugh but there are seriously people that think this. It's ridiculous

>> No.16954618 [DELETED] 
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16954618

>>16950601
>>16950675
It really is fun

>> No.16954635

>>16950601
>>16950675
It really is fun :)

>> No.16954702 [DELETED] 

>>16954609
Shit man. You'd have to be pretty shortsighted. Even just a basic understanding of it will show some usecases that are worth a gamble. Any deeper and you realize its litterly the future of global infrastructure.
Code is not law.
But law will be code.

>> No.16955097

>>16950626
Hodl is a trade move. You're just in a permanent long position sweating at your monitor with your fingers crossed that the price will go up, then scream in agony when the price goes down. Difference is traders make profit both directions

>> No.16955182

>>16950595
When I realised the rush of gaining 3% on a trade here and there isn't worth the despair of losing 25 % of my stack over a month

>> No.16955674

>>16954609
Even more laughable to think that if a new technology exists, then adoption must follow.

>> No.16956227

>>16950595
After losing money or barely breaking even after the stock decided to keep going down long term and getting stuck bagholding. And then losing money on options.

I'm no longer directly playing on the stock market after losing thousands.

>> No.16956240

>>16950595
2017

>> No.16956277

>>16950626
Card games in casino can be divided to 3 types:
1. You are playing against casino (for example, roulette)
2. You are playing against casino, but there are other players whose choices affect your expectation value of winning (for example, blackjack)
3. You are playing against other players and casino takes a fee (for example, poker)
Let's define 'sport' as an ideology where you think you have an advantage in skill (for example, due to immense practice which others at the table haven't done) and your only goal is to win money in the long term.


Type number 1 cannot be played as a sport, because even with best choices the casino always wins in the long run.

Type number 2 cannot be played as a sport, because even with the best choices, the other players in the table can make poor choices and cause you to lose money in the long run.

Type number 3 IS a sport and has nothing to do with gambling. If you are good, you win. If you are professional, you win big. These games don't differ at all from chess or ice hockey or 100 m sprint. The better you are, the more you win. For example, in poker about 25% of the top players win money.