/biz/ - Business & Finance

Isn't buttcoin basically gambling? How is it legal?

>>21013328
I am done stacking physical and purely investing through OTM call options with a Jan expiration date at this point.
The accumulation period for physical is over. The best play now is to take whatever money you've got, toss it on the most leveraged and asymmetrical trade you can find, and then once you cash out of that trade use it to buy a contract off the COMEX and stand for physical delivery.
My biggest worry is that I will not be able to cash out at the 5x I'll need for a COMEX contract in time. But I have hope.
Don't think of this as an investment. Think of it as a race against the clock, where you've got an inside track to the future that you know will happen that most other people haven't clued in on yet. When we were in the early days you could afford to play it safe, but we're in the end game now. If you play it smart you can ride the bubble up, and then cash out into actual assets at the top. Good luck.
t. 1000 oz silver 15 oz gold stacker

>>20810497
>>20810497
Anon if you had watched this show you would know that Kaiji's arcs always go the same way.

>first Kaiji sees an opportunity to make a lot of money (rock paper scissors, dice, The Bog, not so much Brave Man Road but whatever)
>he observes for a while until he thinks he has formulated a strategy, and attempts the game
>surprise, turns out the game actually had elements he had never seen before and he loses it all
>but does Kaiji abandon the game completely? no, why would he stop now that he knows how it works? if anything, he doubles down
>an all or nothing gamble, because he knows that opportunities don't come along every day
>and boom, this new tactic works, Kaiji is successful

That's how you actually make money. Go lose a bunch of times, but lose at one thing over and over again until you get really good at it. Then, when you finally think you actually understand it, don't make a bunch of low risk pussy bets, wager everything on a bet you're 100% sure will work.
You will win a better life, or you will lose your current life, but if you had next to nothing to begin with what's your downside really? This is what we call an asymmetrical trade.

>>20693890
>I have missed every opportunity life has handed me
>but not this one.
>Now maybe I am just being irrational but I will not let one more chance slip through the fingers because of inaction.

https://www.youtube.com/watch?v=jGL1x40p46s

Extraordinarily based anon.

>>18279221

>Just checked SD and JM Bullion
>Literally no 1oz bars in stock for gold or silver
>Check Ebay
>1 oz silver bars selling over $25 a pop
>1 oz gold bars selling at $1800-$2000 a pop
>I bought all my silver at $16 and my gold at $1400

brehs my hands are getting weak, maybe i'll just... just sell a bit... just a little bit to take the edge off

>Fedmoney market pump only lasted two days

They only have five 25 basis point cuts left until they're at ZIRP. If they cut once every four days, that still only lasts them till end of March.
The bear is coming one way or another. Fedmoney was the only thing keeping this bubble inflated and now it's gone. Liquidate what you can and prepare to buy the dip or go bearish.
This may very well be the big one anons, hope you make it to the other side.

Alright biz, you are simultaneously the smartest and dumbest niggers I know so I'm hoping you can answer this question for me.
Every smart investor I know, unanimously, all agree that the US debt bubble has to pop at some point and that when it pops it's going to take the dollar with it. National debt, consumer debt, student debt, auto debt, they're all just obviously unsustainable.
At some point it won't matter how much money the Fed prints and injects into the repo market, how many bonds or T-bills or stocks they buy, or how low interest rates get, life will just become unaffordable for those who had their money in USD.
What NOBODY can tell me, and what I'm hoping one of you retarded geniuses can answer, is what's going to be the 'pin' or the 'trigger event' that pops the bubble. In 2008 it was the adjustable rate mortgages finally getting past their 'teaser' rates and converting into real rates. In the Dot Com bubble it was earnings reports coming out and showing that Pets.com wasn't going to make $5 billion a year. In the Great Depression it was a run on the banks.
What's going to be the 'event' that pops this massive, almost ubiquitous bubble that seems to be forming across nearly every sector of the US economy? Coronavirus? A democrat winning the white house? Mass student loan defaults? Or will it just be a slow collapse of the bubble instead of the 'pop' that everyone is expecting?

>>16987710
Leverage or credit card floats.
No risk, no reward. You want to make big bucks you have to be prepared to go into big debt if you lose.