/biz/ - Business & Finance

>>11825676
(((they))) aren't doing it, it's Satoshi himself who's doing it.

>>11825684
And guess who satoshi are

protip: with them you never lose

>>11825676
fucking this
keep reeing biz and taking losses, you plebbit tards
Ill keep rolling for more cheap coins

>>11825714
>guess who satoshi are
CIA duh

>>11825676
Oh wow I can buy nothing for under 4k what a steal

>>11826023
Come back in a few years and see how this ages...

>>11826023
get this boomer

>>11826009
And who controls the (((CIA)))?

>>11825676
>((they))
((they)) can print as many billions as they want out of thin air. they control the media, government, all finance, water supplies, tech and medical patents, are in control of trillions of property, courts, armies and all energy supplies.
The very last thing they want is to share a cent of it, theyll happily crash 50trillion housing markets, banks, securities and play industries that employ millions off between countries like table tennis for fun.

If you think ((they)) are involved with any of this crash its not to make money, itll only be to keep what potential genius or aggressive speculators exist in the wider population under control, they do not share.

>>11826125
(((they))) the nation state clusterfuck is going to collapse and Bitcoin is the tool to subvert it.
(((they))) know Bitcoin and Asia are going for world domination in 2030
(((they))) want to demoralize everyone holding Bitcoin before it becomes world reserve currency
Please study John Nash Ideal Money

>>11826435
If only you knew how bad things really are.

>>11825676

1. Price has little to do with value, but is all about demand and expectation.

2. There is a finite number of people who would ever invest in cytpo

3. As the price collapses, those who bought high are wiped out, and are gone from the market FOREVER.

4. Therefore, as time goes on, there are fewer and fewer people willing to invest in crypto

5. There will eventually be a point where the collapse will accelerate, and there won't be enough investors to create the demand necessary to prop the price up.

6. At this point, the "value" of all cryptos will approach zero. Volume will dry up, and bag holders will be left with something that claims value but cannot be traded.

>>11825676
this, coincidence of bakkt with mega dump?

hmmhmhhmhmhmhmhmmmm

>>11826680
my little bro is asking me about crypto every week, all his friends have heard about it, there are new fresh investors coming in all the time

>>11825676
>coping this bad

>>11826715

And does he have piles of money you don't know about? Some kid throwing in $100 isn't going to stabilize the price.

>>11826435
They are making their own crypto we can never win. The norms will all use it when it becomes the norm by governments and big corps and Banks and credit cards

We already lost. Through crypto they will have even more control with a global currency that's recorded and controlled by them.

>>11826065
drumph

>>11826065

/pol/ is bleeding.

>>11826729
>he doesn't know how the market works
that's the real cope, dismissing what your tiny little sub 90 IQ grey matter doesn't understand

>>11826049
keeeeeek wondering why he hate btc.

>>11825714
Carlos Matos?

>>11826715
you're retarded and dont get the point

eventually there will be 0 new people or not enough people to prop up the demand and the price will collapse

unlike fiat, where it is backed by state governments and it means the difference between life and death considering food, clothing, shelther, crypto is backed by nothing aka its a tulip bubble

>>11827068
Unlike FIAT, cryptocurrencies offer decentralization and privacy. There will always be a need for that IRL.

>>11827124
by who? criminals, body builders, pot heads, and money launderers?

no one "needs" crypto unless they are doing something in a gray area or illegal.

>>11827068

Like tulips, it is propped up by nothing but the belief that someone else values it more than you do. The same holds true for other things, like real estate, or women, or diamonds.

But real value comes from utility. Dollars, as you point out, have real value because they have a government backing them up; who insists by force of law that they are legal tender to pay for food, shelter and clothing.

Crypto, all crypto, is an attempt to create a fiat currency without the force of law to support it. The "value" they claim, is the "work" necessary to calculate the hash. But is that value? I can hire someone to dig a hole, and then the next day hire someone else to fill it in. And two days work will have been wasted; but in the end nothing of value was gained.

Crypto is going to collapse because with the exception of a few places that accept it as payment in order to be cool, it does not do anything that can't already be done with the well established banking and credit system.

In the end, it will be like the revolutionaries in the 60's, who sit around a dirty kitchen table claiming that as soon as they do this or that, the country will suddenly be on their side and put them in power.

>>11827124

> Privacy
There is nothing more private than handing someone an envelope of cash. The only difference is, when you had someone cash, the transaction doesn't become part of a public ledger forever.

> decentralization
This serves no purpose. The only people who really worry about this are those who already don't trust the dollar.

>>11827058
wasa wasa wasa wassuuuuuuuuup

>>11827161
good post my nigga

>>11827187

When you hand someone an envelope of cash you're revealing your identity.

>This serves no purpose
Come on... Just look at economy right now. Entire families have been rich and powerful for centuries, just because of the fact that they can control the money. They fuck all us up, meanwhile they have been getting more and more powerful.

>>11827295

So now we see the real purpose of cypto. Something I have mentioned before, but has always been denied.

It's not about making a better world, it's not even about an interesting exercise in computer programming. Instead... it's because "they" have the money and "we" don't.

A thief is at least honest enough to point a gun at you while they are robbing you.

>>11826680
>>11826754
>>11827068
>>11827161
>>11827187
>>11827355


Man, you're gonna kys in the coming years

>>11827415

Survived 87, survived 07, this too will pass.

>>11827521
holy shit you oldcel

teach a young nigga some advice please

>>11827583
hedge your funds via accepted and regulated firms, which are supported by governments and banks, see:

https://www.youtube.com/watch?v=VNYNMM0hXXY&feature=youtu.be

>>11826065
the taxpayer of course, they work for us!

>>11827616
thanks but i need my pink friends advice

older the wiser ya know

>>11827583

> advice.
OK, but you asked for it...

Markets go up, markets go down, but in the long run they go up.

Pick stocks in solid companies that pay dividends, then sign up for automatic dividend reinvestment. Every 3 months, you will receive a dividend, and that money will automatically be put toward buying more shares.

When/if the price goes down, that means that your dividend (which never gets lowered as fast as the price goes down), simply buys more shares. So when the price goes back up, you wind up being further ahead than if the price had steadily risen.

Set apart a certain amount of money to gamble on risky stocks or crypto, but a vast majority of your money should be put into solid companies which pay solid dividends. This is how you grow great wealth over time.

Which stocks and which industries? There are several that are pretty rock solid.... electric utilities, garbage haulers, defense companies. These are stocks that always go up over time. And if ever the day comes that these go broke, society will have already collapsed so you will have more to worry about than your portfolio.

>>11827583

Consider, for a moment, one stock, American Electric Power (AEP).

They have been paying a dividend every quarter for 120 years. That is a point of pride for them. Think of what would have to happen for them to be willing to break that record.

And they've only lowered their dividend twice. Once in 2003, and the second time 50 years earlier.

Right now, the dividend works out to 3.48% per year. That might not seem as great as returns you can make with other stocks, but it's rock solid, and (if you go with automatic dividend reinvestment), that is compounded on itself.

Time and compound interest is the truest way for most people to build wealth. Most people are Musk or Gates or Buffet. They don't have the golden touch. Slow and steady may not always win the race, but it's a guaranteed way to make it over the finish line.

>>11827355
I don't wan to steal anyone's money WTF? Where'd you get that from? Am I considered a thief just because I want the world's economy to be more fair and balanced?

>>11827765
>>11827674
Fuck off goy. "Muh real estate, stocks, bonds will go up forever. Muh dollar will be stable forever" Prepare your ass for never before seen global economic chaos. Let us see how next quantitative easing saves your ass. Maybe QE568 in the year 2030 will still keep the circus running. The coming collapse of fiat and the market is mathematically predictable. Or maybe nah, Amazon will be 20k by then. Houses will be 20mil and salaries still 30k usd.

>>11827858
By this comment
>Come on... Just look at economy right now. Entire families have been rich and powerful for centuries, just because of the fact that they can control the money. They fuck all us up, meanwhile they have been getting more and more powerful.

From that comment, it seemed like the big problem is that other people have the money and you don't.

And the idea that "entire families have been rich and powerful just because they have the money" sounds like one of those borderline revolutionaries talking about overturning the moneychangers tables.

> I want the worlds economy to be more fail and balanced.

And this doesn't change my initial opinion. Capitalism is already the fairest system, and the accumulation of money for yourself or your family is nothing more than an extension of the idea that the product of your work, and the rewards of your work and frugality, belong to you and your family; not to society, not to the masses; and certainly not to those who did not earn it.

>>11827952

I never mentioned real estate.

And if fiat money collapses, the end of crypto will certainly happen before that. Or do you think that when society collapses and the world goes all Mad Max that your internet connection will be stable? Or have you figured out another way to do crypto transactions without the internet, or electricity? Oh, I get it... you'll just carry your cold wallet around for 40 or 50 years hoping that society catches up long enough for you to be rich?

omg the old fags and muh dividens, hedge fund sell before div... retards.

>>11827858
Where did you get this childish idea that anything in life would ever be "fair and balanced"?