>talking to grandfather about stocks and crypto
>say how I'm going to direct the money I make from hobbies into bitcoin, normally goes into vices like alchohol or games.
>"user I dont want you putting your savings into this, fake thing. You're going to gamble your life away!"
>"No its money I'd normally spend on stupid shit."
>"Well fine dont take my advice if you dont want it then."
Seriously, what the hell is wrong with their minds. Why are they so fearful of any crypto?
Crypto confuses and scares the boomer
They were so retarded they got children.
Nothing should surprise you.
Only pedos and entrepreneur pedos like children.
If nature itself liked them they would last longer than ten years.
Jude
its fear of others making ’easy’ money.
I tell NO ONE (beaides my fellow user) that im a bitcoon millionaire.
i legit have a fake china company i tell people about to explain my mice things.
occassioanly i tell them i go to china but am really just in Thailand fuking 22 year olds.
They had it easy all their life and never had to be at the vanguard of things.
Boomers that did were at the vanguard of new stuff like Bill Gates were hated by their own generation of lazy fucks.
But even then their generation never did shit.
Look at space exploration since boomers entered the working force it never advanced until they retired.
They don't like to test new concepts because the normie fag path worked for them.
It does not work anymore tough.
In their time, the system worked the way it was supposed to. The top 1% paid a 90% tax rate and the average standard of living was much higher in this country. Because the system worked so well for them, they still have such a strong belief in it. Gen X, Millennials, and Zoomers have very little to no faith in the system aside from the ones born into rich families. Boomers have an antiquated way of thinking, but you need to see it in a positive way. Their loss is your gain.
Based and redpilled
I've heard my grandparents say how its essentially gambling and how I should invest in stocks because its safer. They really are scared, or at least dont know anything about it to the point they want to make others feel the same way.
God. When will this all moon so I can wave it like a banner over everyone's heads.
NEVER invest in anything you don’t understand. Older people usually don’t understand computers and Crypto very well. He is right to tell you to stay away from it BECAUSE HE DOES NOT UNDERSTAND IT. I would never tell you to invest in anything I didn’t understand. He simply caress about you. Crypto is very volatile and is a greater risk. If you ever get rich, you should invest in a mutual fund and take a majority of your investments out of these volatile markets.
>You beat the casino, you don’t go back for seconds.
Don’t be mad at them, they are trying to protect you. And remember crypto is very volatile. They are right to warn you. I don’t put all my money in crypto because it’s so fucking volatile.
he sees it as a form of gambling, not as the same as the stock market.
>The stock market isn't gambling.
Kek. I knew a guy that lost $8 million in the 2008 crash in your so called "not gambling" stock market. Crypto and the stock market are both markets affected by worldwide events and are both propped up by some different factor. The stock market has banks and QE, and crypto has Tether. It's the same thing.
Crypto is just way more volatile with less safety nets. I’m sure his Grand parents understand that. He might not understand Crytpo, but he can read a graph I’m sure.
This.
Unbelievably based and redpilled.
>Their loss is your gain.
My only concern is that my incompetent parents will accidentally blow up their wealth in stocks/real estate and I'll be tasked with taking care of them using crypto gains. I explained to them everything multiple times for years and the amount they invested was so trivial it felt like a slap in the face. Each time I put in the hours to explain the fundamentals and win them over I would only break through for about 24 hours before their programming kicked back in again. The bottom line is that they do not trust me and that hurts.
Do NOT have a fake company. You need to quit that shit. That’s a great way to get audited by the IRS and have your bank accounts crypto wallets FROZEN. You already have made millions from crypto, and that already raises red flags. If they do any digging into to your “Business.” They will likely freeze all your assets. Good luck hiring s decent lawyer with no money.
I imagine he means a fake company he tells his friends and family he owns, not some elaborate money laundering operation lol
Based. We should go together next time to Thailand. If you like high end quality braps, I can take you to China.
the difference between this and belle delphine is... so little and yet so much...
I told my parents about crypto since 2013, managed to get them to buy a few BTC back then. After 2017 they trust me a lot more and we've been accumulating for the past 2 years, basically weekly. They will retire on the next bull run.
>bitcoin being "easy" money
this is hilarious, I understand why people think it, but it couldn't be further from the truth. maybe 5% of Jow Forums has actually profited trading and probably 2% everyone else.
Boomers are hyper-wagecucks who still think you can trade your time and labour for wealth and don't realize the average house now is like 15x annual earning compared to only 2-3x when they were young, they don't care though because "I got mine"
I'm all in on link, can I have this lifestyle someday too?
Only if you sell all your stinky linkies for some pungent BRAPs
It was easy money if you bought in 2012.
it was far from easy, most people got wiped in the 2014-2015 bear market if they were early buyers
Even having a company under your name isn’t a great idea unless you are using it for some purpose. Even if you are putting money in there, it’s a bad idea if you are already redflagged. Getting millions from crypto gets you a red flag even though you paid taxes
There is no company, he meant that he just tells people he runs a company so that he avoids unnecessary attention. Has nothing to do with actually having a company or not, you don't need to hide from the tax man, just pay up and sleep well, be square with the government. But you can still tell people you have a China company so that they don't realize you are neet.
me on the left
>first generation raised on pure unadulterated propaganda.
They're clinically retarded. I'd take an actual downsie's advice before I asked my grandparents for advice.
this mindset never lasts longer than 1 generation
>The top 1% paid a 90% tax rate
this is absolutely false
You're arguing this the wrong way. Try this:
>Point out that the 1% are all autocratic atheist faggot Leftists.
>Point out the money can be spent on pro-family and pro-birthrate subsidies.
>Then to seal the deal, post a meme of a dude turning down cash saying, "No thanks. I'd rather leave it for the Libtards."
Boom. Now Leftists know how to maymay. Use it wisely.
fpbp and /thread really
nothing more to say about it
oh no no no no
>you should invest in a mutual fund and take a majority of your investments out of these volatile markets
>I don’t put all my money in crypto because it’s so fucking volatile
>Crypto is just way more volatile with less safety nets
>and have your crypto wallets FROZEN
>Getting millions from crypto gets you a red flag
I got the same issue with my boomer parents but its not crypto but stocks.
You know, in Germany stocks are for 90% of the people devils stuff or gambling. I can't understand that ,if you are doing it on the long run for dividends its perfect fine to get independent.
There is also something in boomers mind which is core of fear and not want to explore new things. There everyday worklife worked for them so they breeded kids with the thought that everyone can do their path without accumulating knowledge about automation and internet also outsourcing which led to massive job losses
This is Belle Delphine on the inside
unfortunately weenzee fell
Only an narcissistic idiot would tell others to avoid something because he himself didnt understand it.
Sounds typical boomer
and all your boomer brainlets got 0 of the 10000x on btc
dumbasses dont understand the intrinsic value and risk reward
Boomers looooove jobs to the fucking death. If you made them entrepreneurs/investors they'd have a seizure and die. Daily reminder that the reason boomers say millennials are "lazy" is that we believe in spending time with our family not putting in 90 hour workweeks every week for decades to keep up with the Joneses.
What I mean is, I’m not going to recommend something to you that I don’t understand. I’m not going to tell you avoid it, I’m not going to recommend a coin I know nothing about
>what you meant
Lmao that backtracking. Cant undo the freudian slip
>worthless kneejerk boomer hedge
when somebody tells you that they are willing to invest their time and money into anything, you ask them questions to figure out where their head is.
We get stuck in the crypto headspace we forget that on the outside what we’re doing is really voilatile and high risk. Like when you have around Jow Forums long enough you can tease out which ones are complete scam coins and which ones have potential but on the outside they group everything under too risky.
your first encounter to a NPC?
Cool story bro,
The state of your grammar says it all.
Maybe if you had balls of steel. Those people have the strongest fucking hands in existance.
This is a common trend across Europe, in fact I read stock ownership is way lower for European families compared to American ones. My parent’s concept of wealth is just money in your bank account and they consider investing something for gamblers.
Checked
You speak with the voice of McAss
>in Thailand fuking 22 year olds
Too old. You deserve better,bro. I officially invite you to Russia to partake in some 16 year olds
Show me the way.
I bought link in 2017. Never selling.
My dad is a pre-boomer from the Silent Generation and he's the opposite. He's been into crypto longer than I have.
I lost everything because of crypto and cos I did not listen to by boomer father
You haven't made 100 000% gains, Stinky. And you never will.
My boomer dad told me to sell when BTC was at 20k in 2017. Obviously he was right but I didn't sell because I was stuck in this mindset that I had to make a million dollars before cashing out.
The lesson I learned was that when even boomers become aware of Bitcoin price, it really is time to sell.
I'm in Link though, so I've already surpassed my earnings from 2017. This time I try not to get too greedy but it really is hard. I have respect for people who made money buying BTC or Eth early, holding takes iron hands, not luck.