/biz/ - Business & Finance

>>30420062
The higher the low, the harder they fall.

>>29573831
1k dollars worth of eth will become 200 dollars worth of eth when you make any kind of move

>that will be 900 gwei + tip

>Binance coin up 60% in a single day to $20b MC
>XRP was delisted from Coinbase, is being sued by the SEC, and is $22b
>Cardano the absolute shitcoin of shitcoins is $25b
>DOGE is $10b
>Polkadot, and "eth killer" turned "eth helper" $23b
>AVAX, a turkish ghost chain that asks you to buy x amount to lock up for a year while it pays you interest and is almost definitely a Bitconnect fork with some ETH code slapped on is $3.2b
>AAVE and UNI, which are just governance tokens that aren't needed to use the code, are worth $7b each
Go ahead and tell me this is "price discovery" of the "fundamentals" and that BTC is worth $50k, ETH is worth $2k, and LINK is worth $30 when these absolute shitcoins are in the top 10. This is a bubble. You won't sell the top.

>A Ponzi scheme is a form of investor fraud where earlier investors are paid from the money gained by more recent investors. In order to stay afloat Ponzi schemes rely on a continuous supply of greater fools who are willing to buy into the scheme. Although a share in such a scheme has no value whatsoever, so long as more greater fools buy into it, it can remain profitable for the investors involved.

>>27598882
Sure I'll buy.
I'll buy puts :^)

>/biz/: the 15th is a nothing burger!!!
>tether stops printing billions of dollars a day for the first time in the whole bullrun and hasn't printed more since
Are you baby mumus ready to experience your first crash in a manipulated market? Have you ever been literally unable to sell your bags due to network congestion and watched them go to 0 in a matter of hours as everybody scrambles to find the extremely few real dollars in crypto? In a 1 trillion dollar market there's probably less than $20b to go around. I hope you manage to reach the exits first.

It's just a small correction. This cycle will be exactly like the last one. Exponential amounts of money can continue flowing into Bitcoin forever. 100k EOY, 500k EONY, 1m after that. It's going to the moon any minute now. Don't miss out, anon! Everyone is getting rich without you!

Is it time to assess just how irrational the market is being right now, and how dangerous things really are?
>NANO at $430,000,000 MC
>AMPL at $226,000,000
>RSR at $332,000,000
>DOGE at 1 billion dollars
>UNI at 1.1 billion dollars
>fucking VeChain at 1.5 billion
>Tron and EOS at 2.4 and 2 billion
>binance coin at 5.5 billion
>cardano almost 9 BILLION DOLLARS

Even if you ignore BTC and dismiss the Tether problem as fud, this is still absolutely insane. These shitcoins should be at 0. But the market has become so irrational that everybody is buying anything they can get their hands on. The sense is that the price will always go up. Just buy. This is not digital gold. These are not groundbreaking companies. This is "new paradigm" levels of euphoria and greed.

>>24797177
O

Kyle unronically more intelligent than /biz/

soon you'll share my pain, dear mumu.

>>23983836
Brainlet take. It has nothing to do with China, but everything to do with fiat. If you want a coin which can be sold for fiat (which is what RSV eventually wants to be), then you're much better off just buying a token from the government itself, which makes the fiat.
It doesn't actually matter whether the USD even goes on-chain. Because you can convert fiat to other fiat OTC, the digital yen, digital franc, digital euro, whatever, can be converted to digital dollars at a rate at least 98% accurately if you account for 2% conversion fees. A permanent 98% backing rate, no matter how many people withdraw their funds, is better and more stable than RSV will ever be.

If you don't trust governments, you just buy Bitcoin. By pegging RSV to the dollar, you are trying to make a fiat-convertible currency. This will always be more unstable than a government guaranteed one because the government makes the fiat. It will *always* be redeemed for the face value. Even if RSV eventually works and the team really does make something of an asset balancer to back it, that's 5-10 years away and the digital dollar will be here long before that.

TLDR it's a shitcoin, the team knows the problems and don't even believe they can solve them, and you should just buy bitcoin.

>>23812929
It's a new paradigm, anon. This time it's different.

>Links for Bears
>https://suicidepreventionlifeline.org/
>https://www.sprc.org/
>https://www.nimh.nih.gov/health/topics/suicide-prevention/index.shtml
Don't get so cocky

>The English word "bear" comes from Old English bera and belongs to a family of names for the bear in Germanic languages, such as Swedish björn, also used as a first name. This form is conventionally said to be related to a Proto-Indo-European word for "brown", so that "bear" would mean "the brown one".[1][2]
>This terminology for the animal originated as a taboo avoidance term: proto-Germanic tribes replaced their original word for bear—arkto—with this euphemistic expression out of fear that speaking the animal's true name might cause it to appear.[4][5]
Don't say his true name, /smg/!

>>23690948
Your holding UVXY but have calls on CCL?

NGMI

>>23690919

Bears are back in town

>>23690881
No one thinks tommorow will be green, the SMG consenus is red as fuck.

>>23690923
They saw rkgs bulge

>>23691217
Futures opened

>>23691407

>fractional shares

NGMI

>>23691511
No it will be a green day

>>23596299
It'll happen gradually over the course of a year or two to create the most bagholders.

Digits decides how much the market falls tomorrow.
8%

Digits and we see double circuit breakers tomorrow.

I warned you anon. You knew second lockdowns were coming and you knew the election wasn't going to be bullish. Why didn't you sell?

Are you ready for the drop bobo frens.

>>23307128
Based.

The English word "bear" comes from Old English bera and belongs to a family of names for the bear in Germanic languages, such as Swedish björn, also used as a first name. This form is conventionally said to be related to a Proto-Indo-European word for "brown", so that "bear" would mean "the brown one". This terminology for the animal originated as a taboo avoidance term: proto-Germanic tribes replaced their original word for bear—arkto—with this euphemistic expression out of fear that speaking the animal's true name might cause it to appear.
Don't speak his true name, /biz/.