/biz/ - Business & Finance

[Anonymous No.26066745]

>dad is an investor
>have been shilling him about buying cyrpto for years (I've only had small holdings)
>always says 'If I can't understand it, I won't invest in it'
>then gets inexplicably angry when I try to explain it
>gets even angrier when I tell him he could've made 10-100x his money over the last years
>finally with the last peak, sour grapes hits
>sit down with him at his office to make 'a big investment'
>immediately goes onto the eTrade and starts trying to google bitcoins stocks
>gets angry that there isn't any
>eventually find greyscale
>I explain the financing positions and say that it doesn't look like a great buy, but it's a start
>he goes back to searching random words into his stock website
>tell him that he won't really make a profit unless he goes on an exchange and buys the crypto directly
>gets progressively angrier
>tells me that if these things aren't on the stock market, they're never really going to make it
>turns off the computer and goes upstairs to his stessed out wife

Are boomers children? It's moronic to vent about parents on 4chan, but old boomers seem to have the most narrow minded view of the world I've ever seen. Unironically seeing the lack of market knowledge someone rich and old had was a massive buy signal to me.

[Anonymous No.26066883]

>>26066745
>Are boomers children? It's moronic to vent about parents on 4chan, but old boomers seem to have the most narrow minded view of the world I've ever seen.

yes they are, and you will be too in 30 years time

[Anonymous No.26066911]

>>26066745
Tesla, AMD, Amazon absolutely destroy BTC in the past 10 years. And the risk of buying stocks vs. buying digital tokens that no one actually uses is many times lower.

[Anonymous No.26066920]

>>26066883
I'm gonna need a suicide stack first.

[Anonymous No.26066934]

>>26066745
Imagine being the first generation to grow up with a brainwash device parked inside of your household that you spend hours a day submitting to. Of course their brains start malfunctioning when you start giving it any sort of outsider information.

[Anonymous No.26067069]

>>26066745
>If I can't understand it, I won't invest in it
Is actually a pretty solid rule to invest by.
If course he should realize all this stuff is out of his realm and take some more time to research it.

[Anonymous No.26067072]

Don't blame him too much anon. Remember that this exponential technology growth that occurred from the 90s to now is somewhat of a culture shock to them. Things are happening faster than he can probably react to them, and only people that were born in the generation of the information era really know what the fuck is going on around them. Imagine if you were to show electricity to someone from the medieval ages, they literally wouldnt know what to think about it, and would likely get angry or scared from not knowing what it was.

If you want to be kind, buy some crypto for him and hold onto it yourself, then as you get the opportunity, teach him a little more about crypto, like wallets, the technology, etc. Then surprise him by showing him you bought some for him to play with.

[Anonymous No.26067205]

>>26067072
You're right, I should show my dad a bit more love. The thing is he's not even a massive dinosaur by anyone standards. He used to let me sit on his lap and 'play' Civ III with him.

It seems like that whole generation just can't conceptualize new tech and got burned hard by the financial crash.

I'll set aside something for him, one day.

[Anonymous No.26067223]

My dad found out about bitcoin when it hit $1000 the first time and asked me what I knew about it. He said “Anon, how do I buy me one of them bitcoins” and I laughed and said it was a bubble. It goes both ways.

[Anonymous No.26067259]

>>26066911
>Just pick the 3 best perform stocks of the last decade bro

[Anonymous No.26067269]

>can't explain what crypto and blockchain is to a boomer.

Only tell him that cryptocurrencies are rewards obtained in exchange of computing power, it's value is obtained with the level of power.

The same is "real money", its a reward obtained with human working power, and its value determined by humans.
Some day energy will be the currency, Cryptocurrencies are only one step in the evolution of man, but it's better to always be up to date.

[Anonymous No.26067301]

>>26067269
That's a good way to frame it actually anon.

[Anonymous No.26067321]

>>26066934
t. smartphone junkie

[Anonymous No.26067345]

>>26067269
Based and arbeit-pilled.

[Anonymous No.26067447]

>>26067321
Sure, but at least you have some locus of control with access to the internet, albeit less than you used to. And social media is 100 times worse than tv. But there is a whole lane of alternative ways to live being forged by faggots like us.

[Anonymous No.26067457]

>>26067205
I shilled part of my family into LINK at low prices (including my mom) and this actually prompted them to find more about the crypto space and get tech savvier in the process (setting up wallets, linking Coinbase to their bank accounts, installing and modifying different apps on their phones etc) and they are all very happy. The one dude that I couldn't get into crypto was my dad. My dad has never been the investor type, and he definitely didn't think crypto was worth anything. I shilled him one last time when he got a small inheritance (like $30k) 2 years ago and advised him to put at least $1k in Chainlink. He refused, which is ok. He bought a new kitchen and had the yard completely reworked, which is his passion anyway. It made him very happy.

Every now and then he asks me about the price of Chainlink and is happy for me when I tell him. Some people are just content where they are I guess. When I make it I will buy off his mortgage and let him live in the house for free.

[Anonymous No.26067530]

>>26067457
That's nice to hear anon, my parents never got invested but they bring up bitcoin price whenever they read about it in their boomer papers and are happy for me too. They'd be pissed if they knew how much of my net worth I had in it though.

[Anonymous No.26067594]

>>26067447
Keep telling yourself that. You're definitely not a mindless consumer whore like everyone else because you occasionally look things up on wikipedia!

[Anonymous No.26067612]

>>26067530
>They'd be pissed if they knew how much of my net worth I had in it though
Relatable. That's the thing though, at their age it would indeed be a severely irresponsible and dumb thing to do. As long as you're <35 and without children you can take big risks, potentially lose it all and still claw your way back up again. At a certain age that becomes almost impossible.

[Anonymous No.26067686]

>>26066745
>Are boomers children?
pretty ironic coming from your faggot ass
just from reading the greentext i can picture your autistic smug zoomer face standing in the corner and being all passive aggressive with your dad
grow up. get out. there's literally no point in antagonizing your family

[Anonymous No.26067694]

>>26067457
Your family sound chill af. Congrats bro.

[Anonymous No.26067749]

>>26066745
thats the opposite experience with my parents/ family. They all wanted to know how to get into bitcoin and I had no willingness to help them get setup, so I just told them about GBTC.
Fast Forward and im stuck with roughly the same amount while they are minting $$$ and they think im ultra rich

[Anonymous No.26067757]

>>26066745
>dad is slowly dying
>try to help him
>he pulls his hand back
>A-anons, how do I make my dad live forever?

[Anonymous No.26067783]

>>26066745
>Are boomers children?
Yes. Boomers unironically got the world handed to them by the previous generation. So their life was all easy. All downhill. What do you think it happens when people hit a wall after having confused an easy life for their abilities? They get frustrated, because they are confused. They get a reality check.

[Anonymous No.26067791]

>>26067694
Thanks fren. Mom holds 1.5k LINK and has iron hands. I believe she may actually reach whale status one day with the way LINK is going

[Anonymous No.26067796]

>>26066745
>always says 'If I can't understand it, I won't invest in it'
Based dad trying to imitate Warren Buffet.
You just say "you know dad, WB lost 50 billions last year"

[Anonymous No.26067803]

>>26066745
eбaныe зyмepы

[Anonymous No.26067818]

>>26066745
He get mad because he don’t want you wasting your time on make belive fantasy coins and to get a real job like a real man, and leave a real mark on this world. Get a gf and start a family, not be an autistic nerd who in on the computer all day

[Anonymous No.26067873]

>>26066745
Nice larp

[Anonymous No.26068154]

>>26067818
I fucked a catwalk model for a whole semester. Broke my heart a little.

[Anonymous No.26068204]

>>26066745
Every boomer I’ve ever known is arrogant and narrow minded and yes act like children. Crypto is not for them, it’s for the young. Don’t hold his hand.

[Anonymous No.26068252]

>>26068154
How was it?

[Anonymous No.26068503]

>>26067205
Civ III. Based

[Anonymous No.26068569]

>>26068252
Pretty soft boi behaviour. I'd nearly been killed in Tajikistan trying to buy hash on a roadtrip over summer and people were asking me about it at a college party. We were in a few semesters and I started talking to the girl about it, drinking a few beers in this little shed.

Kind of got the vibe that she had been abused or something, but was really smart. Just sort of an instinct. She sent me a text the next morning saying she'd like to see me, we date, go back and forth for a few months (I'm functionally homeless living in a building site with a fat gay builder who keeps hitting on me) and then she leaves for America. I date one of her friends for a bit, and when she gets back, it's on ice. Go back and forth again and she tells me she got raped. At this point, she would kind of trip in and out of conversations and when we'd sleep together, she'd have night terrorrs. So I just give her a hug and tell her we should be friends. It was clear - too - that she was in love with someone she'd met abroad.

Women are a little nuts though - I started dating my roomate a few weeks later and when she found out, she was devestated, literally crying all over the floor.

She's gone back to America now and texts me occasionally. I think she feels a bit guilty, but, desu, I'm just glad I got to fuck a model for a while and wasn't a chad about it.

[Anonymous No.26068653]

>>26066911
No they didn't. Even Tesla barely did a x200 compared to Bitcoin's x100,000. The other stocks you mentioned did even worse.

[Anonymous No.26068802]

>>26066745
not really anon, seems like your dad just doesn't respect you and lacks humility.
i persuaded my dad to buy in about 8 years ago. he later owed me money for something and, when btc was at a lowpoint, decided to offload it on me as a repayment. i never sold. even with the current price action he's happy for me, and admits, laughing, that he was wrong. he sees my success as something he's proud to witness. i imagine he's also somewhat relieved as my path has been rather unconventional.
regardless: the older i get, the more i realise how i lucked out with my imperfect but pretty fucking amazing parents.

[Anonymous No.26068829]

>>26067686
He’s not wrong boomers are mentally toddlers

[Anonymous No.26068834]

>>26067259
>just by the only 3 crypto projects in the entire space that didn't go down 90% bro.

[Anonymous No.26068943]

>>26066745
>>have been shilling him about buying cyrpto for years

If hes anything like my boomer dad information flow is one way only and you have been sadly wasting your time

[Anonymous No.26068969]

>be me
>in my 50s
>made a living investing, currently have a small fortune
>son's kinda retarded
>always going on about some internet money and how he's gonna own a lambo from buying it
>I already own a lambo lol
>tries to get me into this
>constantly badgers me about how I could be making more money
>finally wife convinces me to put in a small amount so he won't throw tantrums
>fine
>sit down and go to the website I've used and trusted for years
>this bitcoin thing isn't traded
>what.jpg
>son starts rambling about how I need to put my money on some chinese website to buy something that doesn't exist
>when I ask how he knows they won't just steal my money, he says "funds are safu"
>finally realize my son's trying to scam me
>get up, go upstairs and fuck my wife

[Anonymous No.26068970]

>>26066745
>>tell him that he won't really make a profit unless he goes on an exchange and buys the crypto directly

Here his anger is justified. You're just so wrong, you deserve to be beaten and disowned.

[Anonymous No.26069045]

Sour grapes sounds like your dad is a goober when my dad found out how much I had made with Link he started giving me cash to buy him “Link shares” kek.

[Anonymous No.26069048]

>>26068969
>>be me
>>in my 50s

[Anonymous No.26069160]

>>26066745
My dad bought LINK when he saw me make gains with it and I explained smart contracts to him

[Anonymous No.26069182]

>>26067223
You're a faggot

[Anonymous No.26069284]

>>26067301
No, it's really not. Crypto's price has very little to do with mining. Let me guess: you think fiat currency gets its value from labor?

[Anonymous No.26069417]

>>26066911
Literal lies. Cope

[Anonymous No.26069606]

>>26067791
Imagine having a link mommy

[Anonymous No.26069755]

>>26066745
I would NEVER try to get my parents to invest in cryptocurrencies. The risk and tech involved just makes it not worth it.

My brother was interested in buying BTC and I told him that if he still thinks it’s a ponzi-scheme or he doesn’t understand the tech, don’t invest in it. Why buy something you hate and is a scam? Just don’t, go buy something else, or else you end up buying high and selling low.

I think it’s good advice for people. Either learn about the asset and why it’s perceived to be worth so much (which involves throwing away literally everything the MSM ha ever told you about bitcoin), or stay the fuck away.

[Anonymous No.26069772]

>>26067269
Good explanation anon.

[Anonymous No.26069917]

>>26066745
>Are boomers children?
Yes.

[Anonymous No.26069959]

>>26066911
Actual lies. Nocoiner fag

[Anonymous No.26070035]

>>26067594
>thinking wikipedia is the extent of internet research
Ok retard

[Anonymous No.26070063]

>>26069160
based helper, I did the same

[Anonymous No.26070125]

>>26066745
This isn't just about being a boomer, your dad has a bad temperament.

[Anonymous No.26070184]

>>26070035
Nothing pisses a zoomer off more than suggesting that spending 15 hours a day staring into a propaganda rectangle might not be the best use of their time. Good luck with your 'research', you fucking zero

[Anonymous No.26070206]

>>26066745

Boomer time is up. They don’t understand anything and will get left behind.

They probably think AI and machine learning is magic

[Anonymous No.26070246]

>>26066883
i am not sure, video games might prevent this behavior

[Anonymous No.26070252]

>>26066911
>911
checked
>past 10 years
crypto will define the next 10 years

[Anonymous No.26070317]

>>26066911

>No one actually uses

Slowly getting market use. Even just to repatriate funds

Hate luddites like this. Nobody fucking cared about Teslas or electric vehicles just two years ago. Everyone on the damn planet who isn’t a peasant wants one

I even Nigerians talking about owning Tesla’s.

Future is now loser

[Anonymous No.26070380]

>>26066745
i helped my mom set up binance and she literally market bought a btc at 3k and sold and bought some once a month based on feefees and the price or so. i think she made 20k in total after pulling out at 15k completely.

[Anonymous No.26070436]

>>26068834
They all go down 90%, some of them just come back up eventually.

[Anonymous No.26070553]

>>26066911
LOL what?

[Anonymous No.26070631]

>>26066745
What is the point of that giant scope on a double-barreled shotgun?

[Anonymous No.26070706]

>>26067269
Holy shit.
My explanation has always been comptures solving math problems first to solve wins, winner gets a reward more and more btc is transferred to the ecosystem.

But equating human labor to computational labor is actually beautiful and real simple in understanding. Thanks anon, no joke it stunned me for a bit. Imma use this now.

[Anonymous No.26070852]

>>26066745
Your dad made you and likely gave you a good childhood without fucking bitcoin. He's 100% right that if you don't understand something, you should not invest in it. Buy BTC with your own money.

[Anonymous No.26070938]

>>26068969
kek

[Anonymous No.26071026]

>>26070380
Yeah, sure she did you larping pos

[Anonymous No.26071068]

>>26070852
You don't have to understand anything. Its all there in the technical charts.

[Anonymous No.26071130]

boomers are a generation of fuck ups. They were handed the most prosperous era in world history, and they pissed it away.

[Anonymous No.26071149]

>>26071068
Oh, so you just need to understand technical charts then lol. Piece of cake, everyone on here has mastered all forms of analysis, right??

[Anonymous No.26071205]

>>26071149
People who have refused to learn and apply technical strategies have been BTFO this year, while normans give their money to CFAs who do the technical analysis for them and pocket the fees

[Anonymous No.26071266]

>>26070184
You are a fucking idiot and completely missed the point. Go rage on /pol/ you dumb faggot.

[Anonymous No.26071267]

>>26066911
>risk of buying stocks vs. buying digital tokens
Delusion. Stocks are regulated af.

[Anonymous No.26071298]

>>26066911
>tesla amd and amazon absolutely destroy btc the last 10 years
how is life being illiterate?

[Anonymous No.26071392]

>>26066745
>bitcoins stocks
>there isn't any

hahahaha, OP you moron. Atleast now I know why you cryptofags arent buying cryptostocks for larger gains than the coins - cause youre clueless.

[Anonymous No.26071480]

>>26071205
> You don't have to understand anything
> People who have refused to learn and apply technical strategies have been BTFO this year

I'm not disagreeing with your thoughts about ta, I'm merely pointing out how asslickingly stupid you are.

[Anonymous No.26071509]

>>26071266
>Nothing pisses a zoomer off more than suggesting that spending 15 hours a day staring into a propaganda rectangle might not be the best use of their time

[Anonymous No.26071656]

>>26071509
>Nothing pisses a boomer off more than suggesting that spending 15 hours a day staring into a propaganda rectangle might not be the best use of their time

[Anonymous No.26071697]

>>26066745


nothing more worrying than old man with guns...

[Anonymous No.26071726]

>>26071656
The old reddit turnaround. Clever!

Maybe we're all being bombed with propaganda every day or something? Not you, of course...

[Anonymous No.26072017]

There are BTC sympathy stocks like MARA RIOT which are up massively from December

[Anonymous No.26072093]

>>26066911
>Tesla, AMD, Amazon absolutely destroy BTC in the past 10 years
none of those have performed even remotely as well

[Anonymous No.26072169]

>>26067205
Idk bro my mom is effectively technologically illiterate and I got her to invest a decent bit in crypto after like a 1 hour conversation. Youre either shit at laying out the value prop, or youre dad is a complete retard. Possibly both.

[Anonymous No.26072311]

How do I shill my dad on crypto. He likes to just sit on most of his money but my family could make it with just 10 percent of his monthly salary

[Anonymous No.26072435]

>>26066745
>Are boomers children?
Yes. Intellectual peak is 25 years old, it's only regression from here.
Also you should ask your dad to lend you some money so you can invest, he doesn't understand but you do, that can be a nice bonding experience

[Anonymous No.26072526]

>>26066911
ummm

[Anonymous No.26072631]

>>26066745
We are all children, anon. Boomers are children who have been around so long everything is annoying to them. Happens to the best of us, some just hide it better than others.

[Anonymous No.26072688]

>>26066911
>TSLA x200
>BTC x100,000
Nig

[Anonymous No.26072769]

>>26070206
Computers are magic. AI/machine learning is summoning demons.

[Anonymous No.26072786]

>>26071726
>The old reddit turnaround. Clever!
The old reddit turnaround. Clever!

[Anonymous No.26072878]

>>26072311
Ask him to borrow $1000, invest.

[Anonymous No.26072914]

Yes boomers are fucking retarded. They are incapable of thinking outside the box, they absolutely refuse to change their way of thinking. They dont understand that the world has changed enormously since they were young adults and think the world works like it did in 1980

[Anonymous No.26072955]

Imagine in 30 years when your kids are telling you to spend a few trillion dollars in some qubit cloud neural interface chits, and you manually type those letters into google archive trying to understand what they are, and ask your son if its like a blockchain and he just smirks at you and calls you a stupid boomer and toggles the jetpack control in his arm and flies off to meet his friends and inject legalised hallucinogens into his retinas.

[Anonymous No.26073064]

>>26066745
your dad might just be an idiot. My dad figured it out right away basically and now is constantly shilling me ADA and Monero (actually pretty based, and Im pretty proud ngl because I just told him to buy btc)

[Anonymous No.26073716]

>>26071026
yeah she actually put in some more at 25k but only 2k or so.

[Anonymous No.26073824]

>>26066745
You're underrating mommy's blowjobs son.

[Anonymous No.26073861]

>>26066745
Sounds like he has quite an ego and doesn't like his son being more savvy, clued up and intelligent than him in this respect.

[Anonymous No.26073935]

>>26072169
Truer words plenty said yet truer still.

[Anonymous No.26074091]

>>26066911
Black ID, ok.

[Anonymous No.26074140]

>>26066911
ID "a fat bat"

[Anonymous No.26074218]

>>26066911
this post is going to make no stockers seethe, but mostly because they are retarded. You are right, if you look at this from a pure time value perspective you are absolutely correct..no one wants to hear this though. BTC (unless you invested early) is now pointless. 0-40k is hard, 40-80k is even harder. You now have to wait for btc to gain another 40k for a 2x. If you invest in stocks instead using the same amount of money, youll achieve a 2x much faster.

>In b4 u had 10 years
fuck off dumbasses

[Anonymous No.26074298]

>>26072955
This but unironically.

I got my mom into stinkies around $10 (I only heard about it at $4 and I became a believer at $6). She bought like $2k worth, but then when they went down she traded them for YFI and now has much less money than she would have had from just holding the stinkies.

[Anonymous No.26074511]

>>26066745
yes they regress with age

[Anonymous No.26074559]

>>26073824
disgusting coomer

[Anonymous No.26074659]

>>26074218
You actually had 11 years dumb ass

[Anonymous No.26075320]

>>26070317
>Everyone on the damn planet who isn’t a peasant wants one
I don't want a shitty car that has a third of the range, half of the top speed, double the weight and has nothing to boast about but "m-muh green" and "m-muh 0-60"

Teslas especially have terrible build quality

[Anonymous No.26075545]

>>26066745
Boomers are just afraid of stuff they can't understand. Everyone becomes more and more averse to high risk as they get older and that generation was the milquetoast we've had in a century. You can't sell the future of finance to someone who thinks they already have most things figured out.

[Anonymous No.26075636]

>always says 'If I can't understand it, I won't invest in it'
I mean, that actually makes sense. Don't invest in something you won't follow closely or don't understand

[Anonymous No.26075890]

>>26070184
t. Forgotten gen-x'er that thinks they're basically a boomer because they listen to 60s rock

[Anonymous No.26075983]

>>26066883
Once they have changed yo diaper, they don't want your opinion on money and sex.

[Anonymous No.26076207]

>>26067223
Your dad hates you

[Anonymous No.26076265]

>>26066745
boomers hate learning things, they have found wealth and success thier whole lives without ever having to plan, focus and gain knowledge in something, they just followed what society told them to do and they got wealthy.
reality checking boomers that it was all just an illusion that we will have to pay for is why they are totally unwilling to learn anything new.

[Anonymous No.26076391]

>>26070631
Thats a SINGLE barrel rifle

[Anonymous No.26076466]

>>26066745
>>tell him that he won't really make a profit unless he goes on an exchange and buys the crypto directly

what are you talking about? you can easily make profit by buying through grayscale.

id be angry too if i had a brainlet son feeding me misinformation

[Anonymous No.26076541]

>>26066745
Here is your dad

[Anonymous No.26076604]

>>26075636
You think he understands biotech or mining stocks? He’s just a boomer with a catchphrase to excuse his irrational disinterest interest in anything new/unconventional