/biz/ - Business & Finance

It is important to have focus. My one goal for 2023 is financial freedom. I WILL achieve this, through trading of cryptographic currencies.

>>49953295
c'mon baby light my fire

>>29301740
>the devils metal

>>29201079
>reddit willy wonka
truer words have never been spoken

>>26412517
>All liquidity crises can be resolved by an adjustment in prices
no, it cannot
hoarding is only ever stopped by an influx of the underlying currency
this is why gold has many times been seen as a bane, especially for nations that are trade-locked and have no mines of their own
the hoarding of gold becomes so feverish that eventually gold dries up, it doesn't matter that the gold price keeps increasing and everything else keeps falling in relation to gold - they just keep hoarding it because it keeps going up
this continues until the people abandons gold or gold flows into the country from other countries (with mines) looking to earn arbitrage
gold is still money is because there is no limit - we can always get more, it's just really time/energy consuming
if gold was truly limited - it would have faded into obscurit
>You’re assuming that reasonable interest rates in an economy where the fiat currency is massively inflationary
I'm saying it's impossible to make out loans in bitcoin once the 21m has been hit without demanding something else as yield
it would become a game of chairs and eventually creditors would lose all their yield + much of their principle as it gets dispersed into the economy
>Coins would have to be too small to handle
are you really this stupid?
coins used in commerce have never been .999 pur, they've always had low purity
you could make a rhodium coin with .05 pur, no problem
many countries had silver coins with extreme low purity

anyone who thinks gold/silver/bitcoin will replace fiat is delusional
central bankers have been fucking the goldbugs and silverfaggots up the ass for decades and now it's your turn cryptotards

>>24704029
lmao

relax people
it's just a minor pullback, very healthy in bull markets - nothing goes up in a straight line
this is the best economy in human history, we've never had this much stimulus before
calling dow $35k by Christmas

>>20668872
Feels good, fren. I should be getting my 4th of July orders within the week.

>>16656557
>>16656565
merry christmas frens. we're all going to make it in 2020

>>7309435
>btc goes from 20k to 8k
>"Why doesnt the crash just happen?"