/biz/ - Business & Finance

>>5410573
Kill myself

I dont really have one. I believe in crypto

I have $150 on crypto
Will I be fucked?

I have a decent full time job and go to school online with my G.I bill.

Already took out my initial investment. Was just playing around to buy a corvette

Start again from scratch? Not like I have anything else to do with my useless life.

>>5410666
U are fucked already since u won't make it with 150 dollars

>>5410573
Dad's credit card

I'll buy the dip of all dips.

Forex

Already cashed out when it was at ath last week. Thought I would regret it but it seems I got out at just the right time. You realize this is the biggest Ponzi scheme of all time. All the buzz words like crypto chain link exchange is just to get normies hooked in. No one truly believes Bitcoin is going to be a useable currency. No one is buying it to use as a currency. Everyone's purchasing thinking it's a magical coin that will make them money.
>Takes hours to transfer
>Huge fees
>Barely any shops support it
Just think for yourself for a second

>>5410573
Buy the dip, the bounce back will be epic, easy 100% in 2 hours

>>5410573
The market has already "burst" and can only go down so much more before it establishes a minimum. I'll just keep doubling down until that point.

Let BTC go down to $4000. It won't hurt me.

>>5410573
hodl and wait out the storm, I have a job and a fair amount of fiat in savings, so this won't be a big deal for me.

>>5410573
Average down and accumulate.
I haven't put any money into crypto that I'm not 100% prepared to lose.

I'm so fucking bad at this

I tethered most of my stack at the bottom of the dip last night

FOMO'd back in towards the high today. I still have 25k in Tether which is enough to live off for a year lol. And it'll allow me to scoop up cheap coins in a few days.

>>5410573
Its fucking done retard sell before its too late.

>>5410573
it hasn't even corrected properly. Shouldn't panic unless it goes below 8k.

Buy the dip obviously. Also I have a good-paying job so I'm not all that worried.

>>5410573
>over 90% of the people on this board will be perma fucked
This just isn't true friend.

>13,531.59
https://www.youtube.com/watch?v=S53fZTbKHG0

continue working and investing my income in crypto

>>5410573
already cashed out 3x my initial investment so I'm happy

MAXIMUM KEK

You shitcoiners deserve every last bit of suffering. /biz/ went from comfy long-term investment board to "BUY <insert latest shitcoin scam here>, IT'S MOONING~~~~!!!!". I hope all of you see -99% losses by christmas for investing in the new age pump n' dump pyramid scheme called shitcoins.

>>5410573
If clinically retarded anons that browse this board were warned by countless anons to cash out.

>>5410573
As much as people pretend, I would doubt that many people really have put a lot of their own money in this. A small buy-in can still lead to impressive returns with a few successful trades, but it's still a game. I don't think cryptocurrencies are dying even if some specific ones might. Just adapt and continue. It's also possible that we're all completely deluded and we'll be looked at to have been just as silly as the beanie babies collectors. I don't particularly care, I'm just having fun playing with considerable, but still throwaway amounts. I'd wager most anon are like this too, or would at least hope so.

I only started in October, with a single deposit of 100aud. Now I'm at 1200.

It's just been a bit of fun for me really more than anything else. It was always just gonna be like a long term savings type of thing, where I just hodle forever on things, so if I lost it all tomorrow, I'd just keep hodling anyway.

I don't rely on it at all, I'd be completely okay.

already cashed out. made a profit but not looking to get back into it. market is getting diluted and losing steam. going to be a rough jan according to insider friend

>>5410573
It’s not a bubble it’s the future. You can’t stop it. The government can’t stop it. This is real progress. Real change. This is a revolution. It is an unstoppable force ordained by God himself.

Only an absolute retard will have put themselves in a situation whereby internet funbux taking a dip would wreck their life.

Crypto is here to stay in some form or another, the incentive requirement / reward with it will remain and if the current iteration takes a shit I'll still go to my very well paying job, enjoy the shit I already bought with my banked profits and put aside a fund for the next iteration.

>>5410666
I'll only lose 1500 so I don't care

what the fuck are all of you guys neets that go all-in on cryptos?

>>5411358
I will be putting the entirety of my hundred and seventy K net worth into crypto here in about 2 months so keep the crash coming

The 200K I have in my retirement accounts.

already cashed out all my shit, looking forward to buying bch at 300 dollars again

>>5411024
Just fucking hold, you mong.

Encrypt your passwords and make sure you dont have access to them for at least a year.

>>5410573
why would anyone here be permafucked? most people only invest what they can afford to lose. Sure many of us are NEET autists but we survived in the world before crypto, we could survive after.

I had about ~$75k in the bank saved up a year ago, decided to put 40k of it into crypto, turned that into $250k so far, been continuing to work my day job and pay my bills. I'm sort of a loser but I'm also a functional adult with a job, my own apartment, I cook, I clean, I take care of myself.

If crypto market goes to $0 and I lose my investment, that would suck, but the rest of my life would remain unchanged, I'd keep going to work, I'd keep paying my mortgage. I wouldn't be perma fucked at all. How would it be different for you?

>>5410787
Basically this. Yes crypto is a bubble but you can still make huge profits. Only thing you need to watchout is to sell it before the bubble burst

Plan B:
-I have a good job
-Own 80% of my home
-Never EVER invested more than I could afford to lose

>>5411409
>It’s not a bubble it’s the future.
It's both. From the outside I used to think it was just a bubble, but since I started actually learning about it, I do think it is the future and that's why I'm willing to give money to projects I'm enthusiastic about. A lot of these technologies are game changers if devs can actually follow through with them. That said, recently there's been crazy amounts of hype where regular people were throwing money at everything because "numbers went up" without trying to understand what any of it was, or caring to. It was/is very bubbly, but even if things get more rational, the interesting projects and technologies won't die.

>>5410573
honestly if crypto went under i'll probably go work for my father as an electrician.
the pay isn't complete shit, probably 40-50k a year

>>5411358
agree with you completely

>A small buy-in can still lead to impressive returns with a few successful trades

This is true for sure, even without successful trades, just buying and holding even shitcoins can lead to big gains.

Crypto is sort of like a pyramid in the sense that lets say you entered crypto 6 months ago and bought $5k of some random shitcoin. Then the market goes on a bullrun and your $5k shitcoin becomes worth $17k, now at that moment in time a newcomer entering the market would have to pay $17k to hold the same amount you own. So he does. Another bullrun and your $17k is $34k, now a newcomer has to pay $34k to own what you have. So he does. Ups and downs and the total crypto market cap continues to grow as more and more people & money enter the scene. Fast forward 5 years and maybe that $5k worth of shitcoin you bought is now worth $200k because the overall market cap has increased so many times, with so many waves of newcomers that all you basically had to do was get in relatively early.

I still think this current point in time constitutes as "relatively early" in crypto. The market cap could still easily go up into the trillions.

xlm doesnt fucking budge. It does not answer to the bitcoin. I'm fine and still sitting comfy

i cashed out yesterday, feels good not having to stress like fuck right now

>>5411680
"A friend of mine has a great line. He says 'Nothing important has ever been built without irrational exuberance'. Meaning that you need some of this mania to cause investors to open up their pocketbooks and finance the building of the railroads or the automobile or aerospace industry or whatever. And in this case, much of the capital invested was lost, but also much of it was invested in a very high throughput backbone for the Internet, and lots of software that works, and databases and server structure. All that stuff has allowed what we have today, which has changed all our lives... that's what all this speculative mania built"
quote regarding dot-com bubble

>>5410620
Yes, same for me

I dunno next big bounce maybe I'll cash out 10 or 15 grand which is probably what I have in It I'll still have 90 in crypto but then I'll be butt hurt when it actually moons and the 15 grand in fiat I have sitting in my savings account will be worth 30

>>5410573
>What is your plan B if this thing goes down hard?
Well I've been investing in stocks/gold/silver as well as crypto. I'd come on /biz/ to discuss but there doesn't seem to be any legit investment threads. They should just rename this board to cryptos

If a huge crash did end up happening, wouldn't a ton of people just buy the dip; eventually making the price go up? I could just be ignorant but I feel like people wouldn't just bail on crypto altogether.

>>5410722
muh pips

>>5411251
HODLing for NEW RECORD

>>5411329
Fuck off you no coiner faggot

>>5412290
Depends what the media says. Go read some articles post 2013 crash. Every fucking news website had headlines like
>Why Crypto Will Never Be Adopted As Currency
>10 Reasons Bitcoin Can Never Recover
>Why Would You Fix the Currency System that Isn't Broken
This shit is going to be fudded down. I may be losing money now, but I can promise you, once we reach the bottom when it looks like there is no hope for crypto, that is when I will be going all in (albeit on good alts).

>>5410573
unironically race war

>>5410573

Be a fucking wageslave for the rest of my life, because literally all of my savings are in crypto. I went from around $50k this afternoon to I don't even know what right now.

JUST

>>5410573
crypto is my plan b you retard

>>5413440
I'm hyped like a little kiddo to see this.
Never saw a real crash, looking forward to see this headlines
Will also go all in when "crypto is dying"

>>5411560
You've got enough that you could pull out 50k, get back your entire seed with a nice bit of profit, still have some nice bags, and completely not give a shit.

If you lose your investment you deserve it. You're gambling addicts. You only gamble with the house's money.

>>5410620
maybe after a nice glass of wiskey as i watch my wallet burn

>>5410573
buy more bitcorns

>>5410573

>>5412814

HAWWWWW SWEET BRO I JUST MADE A FUCKING MASSIVE 0.3%

>>5410573
1. Already cashed out triple my total fiat value spent on obtaining crypto.

2. I have already consulted an accountant and made every possible effort to adhere to every tax law in order to keep from getting butt fucked by the IRS, hurray America.

3. Crypto is the next phase of the internet. I don't give a shit if bitcoin goes bust. I don't give a shit if Bitcoin cash takes the throne. I'm in real projects with real world use, a crypto recession for 3 years doesn't bother me at all.

Wageslave for a few years then kill myself.

Crypto is really the only hope I have left in this world, I have nothing else.

>>5413440
yeah, but people remember how it eventually recovered and made what, like 10k % returns ? It's too big to fail, people would be buying all of those dips.
Imagine bitcoin going down to $5k tomorrow. Wouldn't you buy it ? I'd sell my house for such opportunity

>>5410573
I've spent 3200eu on this shit and I'd be JUSTed hard indeed. But honestly I just couldn't stay out, the potential is just too great and if I lose I'll feel bad but at least I'll know I have had my reasons.

>>5413667
I always look at crashes as going back in time to correct my mistake of not buying more.

>>5410573
PLAN A IS I SOLD 8.3 HOURS AGO. YOU WERE ALL JUMPING MY SHIT ABOUT IT CALING ME A BULLET SPONGE. HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAA REMEMBER PIC RELATED? SAY MY NAME!

>>5411471
Did you have any issue cashing out? Can you cash out in one lump sum or do you have to do a weekly max I.e. coinbase? Any trouble from the banks?

>>5413635
Any recomendations on where to find a tax accountant that can help? I haven't cashed out yet but I understand that btc to alt trades are taxable correct?

Get on the train to NYC and go back to work I suppose lol

>>5410573
thats why I'm constantly cashing out via paypal on bitflur at the moment

someone needs to make a pink wojak coin

Buy in now.

Thank me later

{4x} fix in

>>5414183
Any respectable accounting firm will do. You might just have to go through literally every trade you've ever done.

Should be able to get free consultation, like with a lawyer, before you commit.

>>5413667

Why didn't you sell your house earlier in the week when btc was 11k

Biz is just a shill board nowadays. Sure, fucking around in crypto has been moderately fun but its basically a proxy for having to come to terms with real life planning.

I made a few hundred bucks, got out and haven't felt better. I still come here though because crypto is interesting and if it ever looks like a wise investment I'll put some money into it again

>>5414254
I would unironically all in this. The coin would be applicable with losses or I make gains. A win-win.

>>5410573
Nigger my plan b is to pray to god plan a works.

>>5410573
Suicide lol

you must be new Lol

After the crash things will get better. The only ones who will get fkd are the retards who brought at the ath and will sell at the Xmas crash.

New signal grp

https://discord.gg/XxZcB3

Over 90%? How do you figure that?

Shave my head, strip naked, paint body pink and run through Albuquerque screamin ahhhhhhhhhhhhhhhhhh

Read charts less and get more work done for a bit while I wait things out.

So many noobs talking about cashing out ... to tether. LOL wtf you think will happen to usdt if the market did “crash” at least with btc you actually own something, usdt they can stop at anytime

>>5414664

Ya I have no intentions of cashing out, or tethering. I am trying to figure out the best play for when the Tether bomb goes off though. Seems like everything is guaranteed to be in the red, so the question is what will be least in the red.

newbie here, does this shit happen every time there's a correction. The pink Wojaks, iron hodler's and green text mortgaged child to buy.

>>5410573

> Secretly hoping it does
> so that I can buy the dip

I'm only hodl'ing 1 BTC and have the rest in fiat right now.

>>5410787
It’s a black budget psyop.

>>5414911
explain

>>5410573
>putting more money in than you were willing to lose
just lol

>>5411463
This is a retardedly obvious bubble. Governments don't need to stop it, the market will. Yes some elements of the technology will continue to be used. These prices however are not permanent. As total market cap expands it will become harder and harder to make % gains.

>>5415443
obvious as fuck. cardano currently has a 10 billion dollar market cap and its nothing but a white paper. think about that for a second.

>>5410573
probably just move on with my life and hodl until i see it on the news in 2021 and go "hurr do i have any of those bitcorns left?" and i will and be a billonare ;)

>>5415711

>>5410722
anon you still ITT? how the fuck do i get good at forex.

>>5410722
lmfao I make 20k on a typical crypto day

I'd probably get back in shape. I just refresh /biz/ all day now and never eat or work out.

>>5410787
Exactly, I have like $80 worth of bitcoin sitting in an Exodus wallet and I'm never going to move it since the fees for it would be like $48.

It's useless as a currency in it's current form

>>5414802
nubits or dai (maker coin(mkr))

>>5410787
>>5416087
>technology will never progress
>eth doesnt exist
>eth won't be able to process literally thousands of tx per second in 2018
>none of ada, eos, icx, aion, iota, xrb will amount to anything

hurr

you guys are retards, crypto is literally the future, one year we will be processing the same amount of tx as visa, and then a year later it will be 10x that

>>5415711
All cryptocurrencies are shit. I was shilling HST saying it was gonna be added to a new exchange soon and people said "hurr durr it's all smoke and mirrors."

As if anything other than the price is what people are concerned about..rofl.

News flash to the people who actually believe in cryptocurrency

>Funfair

Never will be used for gambling.

>SexCoin

Never will purchase porn.

>Strat

Will never help stream illegal videos.

>ADA

Will never exist

>LINK

Will never do anything but lose money

Etc.

If you have inside info or were an early entry, this has been great for you. Same if you have an exit plan.

But for all the people who think crypto will change the world, wait till after an economic crash. In tight financial conditions, money will not flow willy nilly into these garbage coins without more bedrock delivery of a working product.

These coins epitomize malinvestment and when the next crash comes, money will dry up, chains will die, people will lose most if not all of their crypto bags.

>>5416180
Even if crypto is the future it doesn't mean that these cryptos at these prices are the future. These prices are based on FOMO and loose financial conditions.

>>5410671

mid engine 'vette is the best girl senpai

best girl soon!

>>5410573
>Crypto 12% of housing bubble with barely any institutional investment
Bubble still has a long way to go before a pop

>>5413519
I will never understand this meme.

"Look racist, 20% of our population is smarter than half of yours!"

I guess we just won't talk about how that implies 80% of blacks are also stupider than the average white.

>>5416278
bruv you don't understand, fiat will literally die. btc will go 100k+, 250k possible next year, and eventually hit 1m. I am not shitting you

obviously prices bubble and correct, but if you've been in crypto for longer than a month you know it just keeps going up.

21 MILLION

full faith in Bitcoin hitting at least 1 trillion in market cap.

>>5416377
You must be one of those 1 in 2 whites

>>5416574

>>5416574
blacks have the lowest average IQ of any race in America

Why is it that people "can't wait" to buy even a massive dip on a coin (BTC) that is shit, and that everybody knows is shit?

Does it ever occur to anyone that more and more people are coming to hate this thing, and to see it for the outdated crap that it is, and that maybe if it goes down to $5K, expecting it to go back up to $10K+ might not be the best idea?

Why is everyone convinced that this shit will "always recover" simply because it always has before? Maybe the next time will be the time that it doesn't?

It doesn't deserve to be on top, and we all know it. It's going to have to be rectified eventually.

>>5410573
Keep working at my job you fucking degenerates

>>5416931

QFT

Somebody up thread asked if you wouldn’t jump at the opportunity to buy BTC for 5k if it crashed down that far.... NO I WOULDN’T. BTC is outdated shitty, unusable software.

>>5416663
i know some pretty smart nigs to be fair

>>5417102
I’m guessing they either have one lighter skinned parent/grandparent or at the very least a white first name

Is anybody really living off money from crypto? I just use gain to buy drugs and weapons for free?

>>5417102
I know some really fucking stupid japanese guys. This doesn't change the distribution

>>5410573
Buy the dip
See which coins survived the crypto-crucible
Research a few
Invest in a few
Watch one or more of them turn into the next Amazon, Google, etc of crypto
Make money

Learn your lesson from the Dot Com bubble and act accordingly. Let the weak run scared.

>>5410620
This.

>>5410573
take a mortgage, buy up the market.

>>5417235
>what is alt coin investing

so many fucking people only buy btc, you guys need to realize we are still early as fuck to trading alts. only now is it sort of becoming popular. barely any institutional money in the space

>>5416376
Yah but the housing bubble was fucking 30 years in the making and fucking everyone owned a house, not even close. I think something like the dotcom boom but on a global scale is more what were seeing

>>5418396
i see dotcom bubble level (some ten trillion plus market cap) happening at the minimum.

>>5410573
Be pretty sad, but go on with my life.
People on this board actually invest more than they can afford to lose?

>>5410573
The audacity of you fucking retards. You come here sharing tips and analysis of crypto, when it's just a roll of the fucking dice. You're like a sad old booze hound that thinks he's got a great method for winning the coin slots. You all think you're Jordan Belfort. If you weren't £1000 deep in crypto by 2014 you're a fucking victim. If you haven't already lost most of your money, you're going to at one point. Even the photos you post of your "14k portfolio", you're not kidding anyone. Spend 10k, up 4k one day, down 4k the next. This should not be a business and finance thread it should be a help thread for problem gamblers. You're fucking pathetic. You're lazy. You have nothing going in in life. That's why you choose crypto currency. You're all too lazy to invest in real business ventures. Take me for example, a real entrepreneur. I've been buying and selling cars since I was 17. It's paid my bills for 6 years. Just this morning I bought a "spares or repairs" listing for £150. Got it running after a quick reference of the hanes manual and an hour on YouTube. Same car, similar age and millage are selling for £4500 on autotrader. Night just sell it for £4000, for a quick sale. Even if I buy a car that is truly fucked, it still has scrap value, real physical value. What do you have? Nothing. Ive also put the deposit on a car that cost 3300 but will sell for 5000 easily. And all that took was 15 mins looking for a good deal. Last year I used only £8000 to buy my uncle a van and tolls for his landscaping business, for which I'm getting £1200 per month cash for zero effort. No sleepless nights. No spending hours each day following trends (100% pointless task) and now I'm looking to buy a small piece of low grade land for forestry operations. You idiots really have no idea about business or finance. I hope bitcoin crashes to 1k most of you fucking hang yourself. Worthless posers

>>5418685
Kill yourself

>>5410666

fucked either way satan

I'm currently doing a master's degree in chemistry at one of the most prestigious uni in france.

Few options, wageslave for big companies after a MBA, create good drugs, be porn productor in Asia

>>5416663
Because of institutionalized racism

>>5416211
>He thinks Stratis is for streaming illegal videos

>>5418810
keep telling yourself that, Mnaghwana

>>5416455
>MUH CRYPTO REVOLUTION

It's starting to sound like snake oil at this point.

>>5419010
I have been here since 2011

>>5410620
Yep
Already bought the rope
As well as the Emergency Exit sign to go with it>>5410573

>>5419041
That doesn't validate your claims. It's just your personal fantasy.

>>5416455
I hope this happens just to kill the Jewish financial system.

>>5410787
That's why I only invest in promising alts.

I bought a Nintendo when Dogecoin spiked 50% in the space of a couple hours

I’ll play that until my coins recover

I'd be very happy and I'd keep buying every week. I'm not selling until 2020 so any crashes between now and then is only good for me

>>5416377
>I guess we just won't talk about how that implies 80% of blacks are also stupider than the average white.
Yeah we were smart enough not to have to point that out anon.

t. not 1 in 2

>>5410573
Wagecuck for the rest of my days.

>>5410573
I cashed out $15k which covers my initial investment, taxes, plus a little extra. Still have $190k in the market though. I want to invest in equity crowd funding, uranium, and biotech next. I'm doing that regardless of what crypto does.

>>5419647
did you pay taxes on the whole 205k anon?

I think the alt/shitcoin market will outpace the big players in crypto just because shit's fun to research and invest in. Not every day that your average NEET gets to be a small-scale VC and make 10x gainzz

>>5419747
wew just realized I'm a vc in a shitty crypto stock market

I am a 32 years old Brazilian neet that never worked in his life, with no family that is putting all his inherited money in crypto. Money that I have being using to sustain a meager third world neet lifestyle that could be prolonged for my entire lifespan. For the next ten years I will be living the life of a "street hippie", a kind of vagrant traveler that survive doing begging like stuff. In my case by juggling at street stop lights, very common action in South America, and busking with a harmonica at gas stations. I will sleep in the streets, on gas stations and on the road. I will smoke weed, do petty crime against big stores and scan normies if needed. I will ask food at the restaurants like a true vagrant traveler. I am a virgin, but perhaps I will fuck some crack whores or loli native americans that whore themselves at the highway, don't know yet about that. And if I could, but I don't think I have the appeal, I would convince an underage girl to travel with me, a real street hippie tradition.

I will slowly go up until after years reach the USA and live there as ilegal tramp until my deportation. Then I will spend my earnings in crypto when my last youth was spend.

I have no plane b. I already put my money and I am selling my house by banana price. I am this close to hit the road.