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Archived threads in /biz/ - Business & Finance - 6670. page

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How does /biz/ evaluate/identify the value of something?
6 posts and 1 images submitted.
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>>1497783
very vague

I can tell you're from /biz/
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If I want it it's valuable.

If I do not want it, it's worthless.
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>>1497788
like how do you validate business ideas in your mind? how do you assess if what you want to be selling actually has worth

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>Paypal isn't available in your country
>Kickstarter doesn't support your country
>Ancient coins are illegal to sell in your country.
>There isn't a truffle market in your country
>Pay 40 dollar fees to have your money sent from USA to a country which isn't Usa.

Now before one of you retards say something dumb like: "Move to a different country", I'd like to ask you to give me 150,000 dollars before you even suggest something like that. Good we understand each other.

Now I do have relatives living in Britain, could I possibly use them as a proxy for all my business related needs?
If that isn't possible then what do you suggest?
6 posts and 2 images submitted.
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You havent even said where you are from.
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>>1497770
>Now before one of you retards say something dumb like: "Move to a different country", I'd like to ask you to give me 150,000 dollars before you even suggest something like that. Good we understand each other.
What did he mean by this?
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DESIGNATED

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>The bitcoin craze is over.
>The ethereum craze is over.
>My day trading skills are utter garbage.

Guess we'll just stay poorfags for at least another 10 years, /biz/.
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>Bitcoin craze is over
Shut up fool, no wonder you suck trading.
There is no alternative to blockchain, since it will reduce expenses for server and staff significally.
Companies not using blockchain will be in disadvantage.
Basic game theory boi
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>>1497760
>bitcoinesque blockchain
>useful
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What other things are there to be aware of for making money?

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What's with this mansion obsession. If I made it that big I'd just get 2 penthouses in NYC UWS and in the village and live like a king fuck a mansion
24 posts and 3 images submitted.
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>>1497710
they are good if you plan on having a large family
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>>1497710
It's a good investment, even without the mansion those properties are massive, and there's lot of opportunities for adding value or renting out.

Plus there's lots of room for Twinks and the Scientology genetic "wife engineering" program to make him the perfect beard
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Why the fuck would you ever want to live in a shithole like New York?

>hello yes I'd like cloudy, rainy, cold, shit weather every day
>oh and a bunch of assholes and extremely expensive property with no redeeming qualities

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>go to buy bitcoin
>need two forms of ID
>"decentralised"
>"free"

This is why you can't have cryptocurrencies, anons. The tech is way too far ahead of its time, you still have to use the current banking system to get bitcoins. And they do this to track you, and have a database of all cryptocurrency users, owners, contributors and activists so that when they ban them, they can do it swiftly and cut the head off in a clean blow.

It isn't secure if they can just cut a country from the internet.

>inb4 future

Not like this. It hurts to say it- What are we to do under the force of all structured groups on the planet?
6 posts and 1 images submitted.
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That's more of a problem with online payments and Russian/Poojets/chinks than it is with the coins.

If so many subhumans didn't try to scam everything under the sun, then we could have nice things
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>implying I haven't made over 20 BTC by working for BTC and getting paid directly without ever needing fiat
>implying the gubermint will ever know unless I want to
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Can't you use a prepaid card?
Or meet somebody in person and trade cash for BTC? Or trade cash fir a faster coin. then convert to BTC.

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How do I create an ASIC for every coin possible, but just for myself? So I can get an edge on the competition.
6 posts and 1 images submitted.
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boop*
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>>1497700
I asked about this in /g/. You'll need access to a foundry and millions in R&D ASIC people make the money back selling ASIC, not mining.
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>>1497700
Go to college and double major in electrical and computer engineering.

I think the screen caps speak for themselves, but basically I was trying to get information for Ethtrade and their agent couldn't provide any information that actually verified the business as a real brokerage firm.
7 posts and 2 images submitted.
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And then he just blows me off.
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>filing complaint with sec

What did you expect?
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It's a shitcoin "brokerage", so it's obviously a ponzi

There is no such thing as a legitimate crypto brokerage

What kind of licensing did you expect it to have?

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why the fuck is ASX market down?
I bought in to TPM (TPG Telecom) at 11.9 and it's dropped nearly 5 percent within 2 days.
I told myself to not stress out and to hold my shares but I hear rumours of a crash also... why the fuck is my entire watchlist negative? can someone explain what is happening everytime I try and look for news/announcments I can't find anything negative and what I should do about the shares I've bought. If I sell now I've lost 120 dollars in total or will this all blow over in the next couple of days
14 posts and 2 images submitted.
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>>1497594
Everything dropped today, it has been the worst day on the ASX since Brexit.

The reason is because there was a massive sell-out in the US on Friday and its taken until now for the ASX to respond. The reason for the US sell-off is because they are anticipating an interest rate rise or something

>>1497594
>If I sell now I've lost 120 dollars in total or will this all blow over in the next couple of days
christ is this your first time purchasing anything? Don't even think about selling for another 12 months you autist unless you get a substantial gain and then you can sell
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>>1497594
A) Why the fuck did you buy into telco when we are headed straight into a recession
B) You hold your position, even if you lose 50% of your money, because you go for fundamentals and not speculation.

If you speculate, I thank you for your free money. You creating the biggest credit/equity bubble in history helps my position out uncomprehensibly so.

Alas, dumping money into one basket is stupid. Go with an ETF that targets an industry you know about and time the market. If you can't do that, fuck off the ASX and go back to putting your money into super where it belongs.

Good luck though, anon.
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>>1497618
Lmao down 120... my portfolio on commsec is down like 4 grand if I look at it face value.

Now is seemingly an ok purchase time. Westfield, platinum asset and maybe JB are heading cheap and seem fundamentally fine.

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I live in NYC and make about 120k a year. I'm a year out of college and am living in Manhattan paying 2k a month on rent. I really enjoy living in the city although do you think its worth it to be paying this much to live in a nice area?

I visited Brooklyn once and the environment there is nothing compared to the city. But I have a feeling I'm being naive and it aint so bad to live outside the city. Just need help being convinced about that, if any of you have some wisdom to shed on this.
19 posts and 3 images submitted.
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i think it is important to understand the plight of the common man
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>>1497587
Dude, you're paying $2k/mo. to live in Manhattan. That's pennies for that area, and I worry about the quality of your apartment.

With that said, if I were you, I would definitely move outside the city. Manhattan is great to experience for a short stint, but fuck that cramped nonsense. Get some breathing room in NJ.
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>>1497616
>Dude, you're paying $2k/mo. to live in Manhattan. That's pennies
This. A 2bd place in Scottsdale AZ is almost $2k for nice buildings and California is about $2.5k

You must literally live in a garbage chute

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I've been working independently for about 7 months as a handyman/carpenter. I turned 18 two months ago and I worry that I've inherited a lot of legal issues by not being a licensed contractor or declaring my income or whatever else. I want to start hiring workers so I can manage the business around school, but I feel like all of the work to become legitimate will be a waste when I move on after college. Should I skip the formality and risk getting a bukkake of lawsuits, or is the legal safety worth all of the extra work to become licensed?

Also is there any resource online to teach me about taxes? I apologize in advance for being retarded, as I know nothing about what I'm doing apart from the physical work.
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>>1497557
>is the legal safety worth all of the extra work to become licensed?
taxes are the easy part. Just pay your help as contractors and have them sign a workman's comp waiver as sole proprietors.

insurance is fairly inexpensive, probably a couple thousand dollars a year in your line of work. Depends on how many subs you use.

The actual licensing is a bigger issue. In the US you normally have to take a written test to legally work on people's houses.

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Largest Bitcoin mining community in China looking at Monero, buy the dip. If China starts mining this coin with darknet adoption, look out.
7 posts and 1 images submitted.
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is cheap at 170k sat right now, dont miss out or remain poor
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>>1497547
>tfw bought in at 187
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>>1497547
Noob here. Any ELI5?

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Is Shkreli kill?
7 posts and 1 images submitted.
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>>1497545
sure OP
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fuck off shkreli stop posting here until you make 100 million again. only then will you be a true /biz/nessman like the rest of us
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>>1497545
Any livesigns yet?

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/biz/ give me the lowdown on Primerica. Is it MLM garbage or a decent company to do sales in? I had a meeting with one of their bigger managers today and the one thing I am mostly interested in is them paying for all the licensing.
7 posts and 1 images submitted.
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self bump
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Former Idiot that bought into that bullshit here.
It's MLM, nothing more.

You don't get the money back from licensing regardless of what they tell you.
They aren't actually interested in training you in sales either.
They instead want to bring you in so your "training" will be a sales pitch to your friends/family/etc.
Friends/Family/etc will have more pressure to buy with you staring them down.
Once your "manager" has exhausted you as a resource s/he will move on to the next "trainee."
Your only way of making money on sales is to try to force your friends to join so you can be a parasite to their networks.
You will alienate a lot of people by trying to make sale using their methods.

Side note: The meetings are like a cult gathering.
Like, seriously stay away from these people.
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>>1497574
Dang, that's to bad. I feel bad for my coworker who was the one who asked me if I was interested, hope he gets out of it.

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Market drops 2.5% in one day. Index Futures in Contango.
Volatility up

>not a single happening bread

I think this might be the big one.

How you playing this?
Flight to quality
Long volatility
Short everything
Casual spreading of rumors

Who is ready for the dark days to come.
The politicians never had any real control over this machine.
Record numbers of bankruptcies in my area, those were just the overleveraged. The somewhat leveraged are next. We've been riding the Lightning so long.
I know I'm near my personal breaking point. Only my instincts, my shorts or oil mooning can save me now.
24 posts and 11 images submitted.
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>>1497439
Tomorrow, myself and everyone with a brain will not be watching the memes. We will be waiting to play the $UVXY spike or $JNUG bounce.
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>>1497447
(I meant one or the other; not both. I expect VIX to go haywire soon, but I don't know if it'll be tomorrow. If it is, I would definitely expect it's the big one.)
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>>1497439
I just want to watch the financialization bubble pop and the cancer eating our economy to burn itself out of existence. Having this much of our economy dedicated to moving money around is bad for real economic growth.

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>20 years old
>Canadian
>Only $25k networth

Why am I even on this board? Everyone here is fucking rich
17 posts and 2 images submitted.
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>>1497430
having positive net worth makes you wealthier than half of Americans.

It also probably makes you wealthier than 90% of /biz/
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>>1497430
>Everyone here is fucking rich
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>>1497450
It feels like everyone is starting huge companies or do all kinds of shit to make money, while I'm an average pleb.

I mean for fuck's sake. By 20-21 years old most entrepreneurs, inventors, etc have already started changing the world. Whereas I'll just be alive for another 30-60 years, saving up about $10-15k/yr and living a life of mediocrity

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