I actually work on wall st, not just a poor person who think they're smart because crypto

that's the job

If your not larping, do you think it's worth the money? Because the firms ask you to sacrifice your soul.

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Analysts work ~80-90 hrs /week on average, which sounds like a lot on paper, but honestly it's not that bad. You make a lot at that level comparatively but the real $$$ comes from the fact that spending 3 years on wall st means you can go do pretty much anything you want, including top buy side spaces where equity upside is unlimited

Respect my dude. 85 hrs/week would burn me out too fast.

Underrated.

>we would have also accepted Pueblo Colorado

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Do you like Huey Lewis and the News?

their early work was a little too new wave for my tastes

SHAME

Is institutional money actually coming into crypto?

well sorry you're a retard. All the people on wall street are going to get screwed when their financial system collapses under the weight of it's irresponsibility. Hope you own some real investments.

as a pleb, should i just shove all the money i can into index funds?

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Why on earth would they? They own the current system, and control it. Why would they put their money and their clients money into system they don't control, has no regulations, and can lose 10% of it's value overnight?

C'mon. Institutional money didn't get to be institutional money by play a back alley craps game like crypto.

yes, albeit in tiny amounts. I know of a few crypto funds that still get attention, but the vast majority of institutional money related to this space comes in the form of VC $ to blockchain activities, not necessarily into cryptocurrencies.

don't know of any cryptocurrencies that can execute m&a deals or advise on reverse morris trusts but hey you could be right

I am not a private wealth advisor, but my advice when people ask this has always been: yes, do mostly passive investments, moving money around and trading a lot is a great way to underperform. That said, I think sectioning off ~15-20% of your personal investments as a sort of "playground" helps keep you more interested and excited about your finances, with the possibility of making money if it goes well and fairly little value at risk if it doesn't

I love cringey bitter predictions of doom like this. "Since I can't get my lambo from bitcoin, your system is going to DIE! Just wait and see! If I can't get free money, NOBODY CAN!"

LOL. So butthurt. So dumb. So fucking funny.

Is the money really worth it considering the cost of living in New York?

How did you get there?

see the marginal money made while young is fine, but the real value and reason for doing this is the experience and upward mobility.
plus NY is the best city in the world to be a yuppie in

networking man, calling/emailing/linkedin-ing anyone I could find, especially since I went to a state school in Oregon where no firms recruited

How important is it to have a compatible character, as in, are they looking for some kind of wallstreet personality or have I been brainwashed by Hollywood?

Also how are the chances as a mathematician?

>~15-20% of your personal investments as a sort of "playground" helps keep you more interested and excited about your finances
A. 15-20% is too much. 5-10% for discretionary, high-risk investing is a more reasonable recommendation.
B. Investing isn't supposed to be interesting or exciting. It's supposed to make you more wealth so you can go do interesting and exciting things. Higher-risk investing has its purposes, but entertainment value is not one of them.

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how do you enjoy spending all of your income on living expenses while your parents support your hobby profession

The guys on Wall Street don't have 40 year plans to work there 80 hours a week. The plan is usually to do 10 years max, make a big pile of money, and then through connections go work elsewhere for big salaries, while sitting on a huge pile of investments, or working their way up in the company, or other companies. Wall Street will burn you out, if you're 50 and still working there in a job that requires 80 hours a week, you fucked up somehow.

Where I lived outside of NYC, it was full of guys transitioning out of that - buy a big house in the suburbs, pay it off quick, then they can relax a little later on and not worry about money as much.

10 years in Wall Street, especially as a trader at a big swinging dick firm, the bonuses alone will be enough to fund whatever the fuck you want to do for the rest of your life, if you don't blow it on hookers and blow.

It's like sports - the good players make 25 million a year in the big teams, and play 5-10 years, and retire. The smaller players grind out 50k a year in minor league teams across the country, for 30 years.

mane, u ain't no wall street dude, get yo ass outta mah image boards

One day Im gonna work in Wall Street.

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I DISAGREE. I work on wall street too. and goldman sachs is getting involved. which firm do you work for just curious.

Bitcoin was created to destroy the baking system as we know it. Everyone, including the founders knows it's on its last legs. Prices continue to rise and wages continue to stagnate. Leverage is at an a ll time high, as more and more people are relying on credit for everything.
Not to mention interest rates are at an all time low, which is why everyone feels richer than they are. In reality, the fed is going to have to increase interest rates or else the dollar will collapse into hyperinflation. If they do raise interest rates, the US will not be able to pay off their ever expanding 21 trillion dollars in debt. It's a lose-lose scenario.

Mark my words, the dollar won't be the world reserve currency very very soon.

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bitguru.co.uk/crypto-news/jp-morgan-hire-new-head-of-crypto-assets-strategy/

I so happen to work for this company. the guy they hired is in london. institutional money will be coming soon. quit larping fool.

those people certainly exist, but not as much as you may think. and while its a small community in the industry, for the most part people find others like themselves and just stick with them. with a math background you can go into more esoteric areas of finance, quant shit I know nothing about...

for sure, most people aren't lifers on the sell side

European bulge bracket in NY. yeah but like I said, the desks at jpm and GS are the exception

>the fed is going to have to increase interest rates or else the dollar will collapse into hyperinflation
Kek. I thought you were being serious until I read this. You overplayed your hand, user. No one is actually dumb enough to believe this.

4/10. You accurately portrayed the role of an ignorant neckbeard, but you over-trolled in the end.

Henlo fellow Oregonian. From Portland too?

>not gone but insignificant
Why?

>Bitcoin was created to destroy the baking system as we know it.
LOL

I love how bitcoin is now a conspiracy theory level meme that's going to destroy the jews. You little faggots are fucking hilarious.

Never said I worked there.

Bitguru? LOL, get the fuck out of here with that bullshit.

Salem!
And the hype is over, general public is beginning to understand the actual everyday value of crypto (minimal) and it will continue its slow march toward the roles it can play well (not a contender against actual nation's money)

How big is your cock?

average

there's a coindesk article on it too retard. and i looked the guy on the company directory.

yup make believe.

kys

Gud, ws doesnt know bout my linkies
Watch my magic beans bring higher than you'll ever will be

I am actually very serious about this. They absolutely have to raise interest rates or the current credit bubble will continue to inflate until the point where the average American will no longer be able to afford a loaf of bread. History repeats itself. We are on the same debt ridden path that Weimar Republic was on after world war 1. Debt is only remains deceptive so long as the population can't see it's effects. We're starting to see the effects now with appreciating assets. Worthless indebted companies that have never made a profit are soaring in this stock market bubble, housing prices are going through the roof, hell even everyday household goods are starting to change prices more quickly. Soon we will devolve into the greatest economic depression in our lifetimes. As we have done with every fiat currency in the past, it is time we move on. Refresh the system. However, this time it is different. The days of sovereign currency are numbered. This time, our currency won't be replaced by fiat. It will be replaced with a Nationless, Currency run by open source software and consensus algorithms that has ensure the currency has a guaranteed scarcity. No more room for failure, or deception. If you don't believe me it doesn't matter. My system doesn't rely on faith or credit like your system. It relies on verification, and decentralization.

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DID I ASK YOU IF YOU WORKED AT GOLDMAN??

learn to read you Wall Street Larp.

you make me laugh

businessinsider.com/jpmorgan-oliver-harris-crypto-strategy-fintech-career-advice-2018-4

linkedin.com/in/oliverjharris/

wall street larp faggot.

go kys.

fintech is such a cool space, one of my best friends does tech IB at CS and wants to move into fintech corporate side when he's out, lots of cool stuff happening

Inflation and interest rates are positively, not negatively, correlated you inbred halfwait.

How does it feel being too dumb for Jow Forums?

>The guys on Wall Street don't have 40 year plans to work there 80 hours a week

big kek.

I work with a senior financial advisor and she makes over 2 million a year and barely works 20 hours a week. and I barely work anything over 40. big kek.

i swear to god --> pOoGSlMG

who the fuck are you. you know nothing about the people that work on wall street. where do you get your facts. movies about wall street. you are dumb as they come.

keep dreaming you ever rolled with people like us.

you have zero knowledge about how big of a joke the treasury and federal reserve are with no reference value to the money the conintuously print out of thin air.. thats why the smart people got into bitcoin under 1000 dollars cuz we knew how fucked system is if the dollar loses it's status as the world reserve currency.

thats people invest their money in shit other than having it in an FDIC bank account

how do i get rich with a 100k? please op

haha this is funny. I laughed especially hard at the part where you said you owned crypto. never stop being hilarious, biz

>~80-90 hrs /week on average, which sounds like a lot on paper, but honestly it's not that bad
AHAHAHAHA keep coping,
>muh netowrking (dicksucking)
>muh future
>muh opportunities
Stopped reading right there, keep the wheel spinning little hamster!

c-can someone answer me?

LMAO you are retarded.

they are not positively correlated you brainlet

investopedia.com/ask/answers/12/inflation-interest-rate-relationship.asp

LMAO you are retarded.

they are not positively correlated you brainlet

investopedia.com/ask/answers/12/inflation-interest-rate-relationship.a

How does it feel knowing you could have googled four words to prevent yourself from looking like a retard?

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>I've watched too many doom and gloom YouTube videos that I'm way in over my head. I'm subscribed to Peter Schiff, Mike Maloney, Gerald celente, Marc Faber, Jim Rogers and Max keiser. I am an adamant believer in hyperinflation of usd and collapse that I'm stocked up on silver, gold, food/water and weapons/ammo. I the small % who are smarter than anyone and figured it out

you buy some crypto or btc when everything bottoms out (right now it's like catching a falling knife)

risk to reward is substantially much lower than buying the pump.

dollar cost average in slowly.

on the next bull run when market prices are 9 or 10x the 300 day moving average of bitcoin or a crypto index and trading volume starts slowing down..

begin selling.

slowly.

Nice, me too!

would LOVE to hear what you do

he doesn't have a job

Think the previous lad was referring to the Fisher effect
investopedia.com/terms/f/fishereffect.asp

The truth is no one itt works on Wall street, no one itt has been behind an institutional trading desk

This is larp central

Barely anyone actually works on Wall Street anymore you fucking loser. Enjoy impressing retards

dude there will always be people who say the end is near.
in the mean time, everyone else gets rich.

saved thanks. so how do i know what the bottom is?

what do you do

I'm IBD, several friends in S&T across the street

Nice man I'm in originations at gs got a few buddies in m&a across the street at boa

No. People constantly get this confused. The end of the world isn't here. The end of the financial system is. Just how the Germans survived their economic collapse, we will too. Cryptocurrency is way more advanced than our current banking system. After some hardship, It will replace it, and send us into another 100+ years of economic prosperity. Just like when the dollar become the world reserve currency, or when it was the British pound. A new era is coming.

our banking system will become digital currencies, not be replaced by it.

>A new era is coming.
And he thinks it crypto AHAHAHHAHAHAHAHAH

listen m8, cute ramble but no. If there is a collapse, the proposed solution may include proponents of distributed ledger software/blockchain technology, but in no way will it involve any of your coins or "cryptocoins" as you know it. save yourself the future embarrassment and google Project ubin phase 2 and R3 Corda

if you're for real, how do you like origination? I'm in levfin and always thought private debt or origination would be interesting exits

Yeah just sales support for originations so we pitch our new issues to the buy side usually over phone and email sometimes we hit up places in person, call them "marketing road shows" and hand out prospectuses and shill em why this next IPO is like gettin in on Microsoft in 86

Wrong. Pandora's box has been opened. The fact of the matter is, nations are already starting to compete over controlling bitcoin, and they are fearful that they will not be able to acquire enough. 80% of all bitcoins have been mined. If a country wants to get in the game, they are going to be competing for the remaining 20%. Bitcoin will unironically be the base layer to the new global banking system. They know it and they are fearful. They may try to make their own system, but it will fail especially if they try to pull inflationary theft shenanigans like they are doing with the dollar. Doesn't matter if they digitize it. The system will still be backed by worthless debt and government authority. I'm sorry to burst your bubble, but a banking system based on pieces of paper, debt, or government authority isn't valuable anymore now that there is a new system which everyone has access to.

> Cryptocurrency is way more advanced than our current banking system
HAHAHAHAHA

do you not know how fucking insane you sound or do you revel in it?

didn't know they had fast food on Wall St

This is literal lunacy. You're deluded beyond belief, and don't worry time will tell. I hope it's just a larp, but you need to study economics more. There is no way anyone in the right mind would use an asset with a fixed supply as a currency. This hasn't worked since mettalic standard, this could have worked maybe 50 years ago but now the population is too large and growing fast, the interconnectedness of global commerce would grind to a halt with a fixed supply like that. Tell me where the consumption would come from? Nominal prices will always be falling, because of more market entrants (people being born, the pop is growing) are creating demand for the currency. If the currency supply is static, and more and more people come in needing said currency, the relative price of the currency will keep growing and we will see this materialize as deflation. Prices falling. Now tell me who will buy a car today I your economy with 2 btc today we if they just wait a bit longer, that same car will only be 1btc tmrw. Same purchasing power parity, this is why you are nonsense. Modern economy cannot function without a slightly inflationary currency, there would be no insentive to consume, only to save. Check out the lost decades of Japan, that's what a deflationary currency does to an economy long term. I was in your phase a few years ago, don't worry you'll grow out of it soon

>Pandora's box has been opened

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>t. Shlomo Shekelstein
I'm sure a situation in which people get 2% of their wealth stolen and can't afford housing or are forced to buy stupid materialistic depreciating shit from kikes every year is very healthy and (((boosts up the economy)))
I'm sure people won't eventually wake up to this scam, it will pop sooner than you think

give it 20 years

the US is already dead, it will take 20 years for reality to finally catch up with these idiots

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I'm sure you're too dumb to realise 2% inflation can be beaten in real terms
>doesn't realise 1 yr T bills (risk free) are yielding 2.3%

There go lad if you had the slightest gray matter In your skull you could figure it out. That will keep the real value of your wealth flat, par with inflation, you will lose no purchase power
>doesn't realise low risk instruments offer annual ror higher than inflation
>doesn't realise just buying market indicies beat inflation big time yoy on the long term

M8, just because you're too stupid to understand, doesn't mean the entire economy should switch a completly inefficient system to accommodate for your lack of knowledge

>he drank the koolaid

the funniest part is when you tell cryptards why it isnt user friendly (type in a wrong address and your money is gone forever), they get extremely defensive and tell you that "dumbasses need to adapt". Its ironic coming from idiots who think 2% is the end of the world. I understand why some people can be poor their entire lives and sometimes it is deserved. Bitcoin is good for nothing other than riding the speculative bubble that happens each halvening.

when options market
when ETF
when ethereum futures
when financial journals bullish

>thanks just bought a 100k
good blog post lonely faggot OP

you're the fucking retard, shove your "low risk" investments up your ass.
I'm doing better than you think, but average joe shouldn't have to wonder what to do with his money after coming back from work or researching how to beat inflation in order to not get robbed.

>b-but hurr durr who will buy muh fidget spinners if their money doesn't literally disappear in their wallets?
>b-but what about muh consumerism
Very fucking good, all the scams and useless trash would get quickly wiped out from the earth surface by the free market if people weren't forced to get rid of their money.

Your example with a car is so retarded I won't even comment it, because you probably think people wouldn't eat or buy real estate/clothes/medical services either right?

2% is the "safe" scenario you retard, have fun when your ponzi collapses for good

>have fun when your ponzi collapses for good

ooooo this is juicy.
>but average joe shouldn't have to wonder what to do with his money after coming back from work or researching how to beat inflation in order to not get robbed

LOL it literally takes 30 minutes HAHAHAHHA. Imagine being so dumb and lazy that you think having to make smart investments to make money is immoral. Jesus christ what a fucking idiot

it's usury

and he's right, your ponzi scheme is going to collapse

it's no rocket science to beat inflation but it's always a barrier to make sure majority of people are either gonna watch their wealth disappear or keep wasting it for a new iphone from mr Shlomo or other useless trash.

if "lending money" is a ponzi scheme I have no idea what the hell crypto is LMAO
thanks for hijacking the thread fuckheads

>keep wasting it for a new iphone from mr Shlomo or other useless trash.
and that's nobodies fault but their own, idiot.

>whataboutism

in your fantasy world they should rather keep throwing money their whole lives into those "low risk investments" until 1 day they will wake up to the news that the entire ponzi went belly up and "sorry mr Smith, money is gone, have fun wagecucking until 90"
you're either a retard or a fucking kike