/biz/ - Business & Finance

>>8882283
at this point the state of /biz/ has ceased to surprise or even amuse me

DIP INCOMING

TO YOUR BATTLESTATIONS

https://bitinfocharts.com/bitcoin/address/16rCmCmbuWDhPjWTrpQGaU3EPdZF7MTdUk

>>8850935
Go away, nigger

>le linky marines XD
>le wacky meme investors

Yeah fuck off with this autistic shit

>>8773281
>be vague as to what side your on
>obfuscate every thing
>other people have no confidence in their understanding of you
>they think you are A one day, B the next
>basically random
>tfw political bullshit has kept divination alive in an inverse form

>>8697007
>low quality FUD

>>8527791
shoo shoo boomer

>>8452796
I haven't seen this FUD before. Good one. Thanks, just sold 100k

>Investing in literally any retail stock

>>8345255
rolling.

dear god

>>8279777
O B E S E

>>8278898
>celery and an apple for breakfast

>>8270159

Banks may loves them some ripple, but they could care less about XRP

>>8196232

>>8118666
satan trips of truth.

also, === ? what the fuck?

0x4b74177fdC36F248Fa114c2AF5eF0cF79570b59f

>>8091652
sage

Go google systematic and non-systematic risk. Decentralized currencies that are open source and supported solely by volunteer devs, miners, and the general community are almost entirely spared from non-systematic / idiosyncratic risk. Why? Because there is no company/corporation to fuck anything up. There is no executive to get wrapped up in a scandal, there are no EPS estimates missed, there are no defaults on debt.

Let me give you an example. Imagine Bill Gates makes it publicly known today that he just sold off all of his shares of MSFT, and then later tweets how impressed he is by Apple. Gates isn't even an acting official in the company, and it would still kill Microsoft. Meanwhile, the creator of LTC just sold all of his holdings of LTC, publicly praised a competitor (NANO), and guess? LTC's price barely budged. Why? Because it's near perfectly decentralized and not tied to idiosyncratic risk like a rogue creator.

Want an opposite example? Look at the recent Walton fiasco. WTC isn't just a coin -- it's a stock in a company, just like any token issued for largely centralized products like Ripple, VeChain, and Iota. Partnerships are cancer. Trying to research NON-PUBLIC companies to decipher which has the best chance of succeeding is insane. When a company like Walton ties itself inexorably to its coin, its made itself the centralized figure that can and will impact that coin's price. Also, most of these corporate tokens have their supply controlled directly by the companies, which likely means a bunch of autistic and economically-braindead programmers are acting as the Federal Reserve of whatever token you're holding.

(cont.)

>>8016919
>>8016926
>>8016919
>I'm not looking so it must not exist
Imagine being this stupid. Guess that's why I'm not shorting EOS.

>>7933251
"You wouldn't profit from your own money then not allow the welfare surveillance state currently replacing your demographics with the third world so as to reinvigorate their authority to take their cut, would you?"

>"you can transfer funds privately and instantly with no transaction fees."

I cannot tell you how many fucking sub-$100m coins (and even billion dollar coins) use this as their pitch. I understand the irony in me bitching about digital currencies trying to be digital currencies, but how can we expect X Y Z shitcoin to moon when 100 other coins are competing in the exact same area, and when a handful of billion-dollar established coins already occupy everyone's mindshare?

The best investments seem to be the ones that actually solve problems or innovate beyond "FASTER AND MORE PRIVATE." LINK, GNT, CVC, POWR, to name a few.

Maybe I'm just missing the nuances in these "currency" coins, but I don't see how they'd moon. I'm sure they'd make great actual currency, but that's not why we're here, is it /biz/?

>Kraken doesn't list my bank
>can't deposit funds

What the fuck do I do?