/biz/ - Business & Finance

Most economists don't. Just ask them what the effect of printing money or adjusting the minimum wage is.

>>13204367
buy high sell low

>>13204367
I know that a deflationary currency such as Bitcoin is in fact superior to gold.

when the bar thingy on the line thingy is green, i buy. when the bar thingy is red, i sell. i've made 500k wbu?

>>13204367
I know that the credit system is a kike scam

>>13204367
ARE U THE FUCKING ASSHOLE WHO TOLD ME WE WERE GOING TO DUMP??? TELL ME!!!

I have a bachelors in economics what would you like to know

>>13204382
>Just ask them what the effect of printing money
It increases GDP, goy!

>>13204465
Not op but can you explain why the market is going up?

i do. i went to school in switzerland, i learned about stock markets.
but in cryptomarkets, i can't use anything i've learned. it's gambling currently.

>>13204367
NOCOINERS IN DISARRAY

>have product
>people want product
>sell product
>money
Now you are educated.

>>13204483
MOre buyers than sellers

>>13204547
Cool but how much do you produce and at what price do you sell in a market where others are doing the same?

>>13204562
I get that but why is everyone buying today and they haven’t in months? And why do all the little alt coins go up when btc goes up?

Witch boomer stocks there is some sense. You have quarterly earnings or new products or something. But what would cause everyone to by internet money at this rate with no apparent reason?

>>13204586
people want private transactions without the IRS or (((banks))) looming over them

crypto facilitates the free market

>>13204367
I do.
Playing vidya gaems is more valuable than mining bitcoins.

>>13204637
I get the USEFULLNESS of btc and blockchain more generally. What I’m asking is why did the global market all seemingly get together and decide to buy it today... after nearly a year of hardly any movement?

i do, ama

>>13204665
Economics cant explain why some rich chink bought 20,000 btc. Ifnyoure high up enough you dont make a trade unless you know 100% certainty the outcome of that trade. Think about that instead

>>13204367
you mean minimizing opportunity cost? that's about all you need to know kek

>>13204382
/thread

>>13204880
Based anon explaining how chaos breeds order in the economic world.

>>13204382
Daily reminder that when the jews in America raised the minimum wage in the 40s it caused a massive crash that lasted until the 80s. Minimum wages are for brown people without them all bornw people would die offf.

>>13204367
all i know is there's money to be made in the crypto

i think. maybe.

>>13204382
As an economist, try asking something even simpler to your professor. Ask them if I loan you 2 shekels but you have to pay me 3 where does the third shekel come from?

>>13204367
I know money is used in exchange for goods and services

>>13205051
Money is just an IOU. 2 Shekels and a note that promises you 1 shekel worth of a handjob is 3 Shekels. Once the government signs off on that extra note as "legal tender", you now have 3 Shekels in the economy.

>>13204413
Buy PhD in fiatnomics told me to dump all of my bitcoin

>>13205290
find me the source on that or else i dont believe you

I taught economics at college. I think I've got a better than average grasp on it.

>>13205543
>I taught economics at college. I think I've got a better than average grasp on it.
I doubt it

>>13205543
Shit, I hit submit too fast. What I meant to say was, yes, you probably have a great "grasp" of the bullshit textbook authors write and you can probably regurgitate it with aplomb. Doesn't mean you know shit about economics though.

>>13205128
Except its not the government, its a private entity. Money isnt real

>>13204574
>make product
>sell at lower price
>make more product with profit

>>13204367

I understand economics enough to know I don't know enough about it to have a qualified opinion.

I know enough about economics to make an educated guess in a vacuum.

However this has failed me irl.

Being (((able to predict))) a free market

>>13205691
>sell at lower price

>>13204367
Supply and demand are inversely related. Boom, just saved you a semester of microeconomics.

Here’s your bonus finance lesson:
>>13204395

t. retire 30 something

clearly most here dont understand half a fuck about economics.

they dont see things rationally but emotionally. if they were rational they would not be in crypto now. its game over; bubble's popped and its redundant and flawed technology

these incels declared they know better than Buffet

Of course. We are well versed in foundational concepts like expropriation of surplus value/capitalist exploitation.

>>13205585

To be fair I'm worth over $1.6 million, over 880 of it in fairly liquid investments. So I don't really give two fucks what you think.

>>13206741
>I don't really give two fucks what you think
>I'll prove this by revealing my net worth in an attempt to seek validation from you
I'm happy for you, kid. Have a good life.

Buy low, sell high.

>>13206097
Yes, and?

>>13204382
>MUH MONEY PRINTING THE GREATEST EVIL IN DA WORLD
t.retard

>>13204367
i studied CS and economics
honestly i feel like things are looking even worse than 10 years ago, so i know crypto is at least part of a solution, which is nice, since i am all in

>>13205474
not him, but found it
https://www.nbcnews.com/business/economy/magic-coin-debt-ceiling-solution-not-worth-much-flna1B7889123

>>13205290
>>13205474
>>13207821
FYI the debt ceiling's coming up again in late September or early October. That's the dumbfuck brinkmanship that inspired the platinum coin idea.

I took an econ 101 class. Don't remember much from it except commies BTFO, and that every economist can find or prove whatever you pay him to find or prove, so an economist coming out in support of a politician is meaningless because they have been paid to do so.

>>13204367
i know shit

>>13204465
Is the money multiplier effect based in reality?

>>13204367
if economics was a exact science then you wouldn't have different branches of it, markets are a result of the wants, needs and actions of billions of people and world governments that they inhabit, good luck incorporating that into an equation

masters degree in econ reporting in - economics is made up bullshit. keynes was right when he called it the dismal science.

>>13208348
How far into your masters where you before you figured this out?

>>13204367
real men don't buy low and sell high
real men buy high, sell low, and cry

>>13208348
>keynes was right
no

>>13206472
lul Buffett was wrong on Amazon and Google

Can I read Thomas Sowell’s Basic Economics and understand at least 40% of economics?

>>13206741
Cringe little faggot.

>>13204367
Cry more bear!

>>13208764
He should be ignored on single tech stocks, but that's always a gamble. How many great money managers were wrong about Yahoo? By your mid-30's you should be 90%+ into VTI or a similar index which is exactly what he'd recommend. Him being so against BTC does make me bullish on it though.

>>13205474
here:
>>13207821
and here:

https://www.youtube.com/watch?v=emyqyd5acOA

I don't think you know how bad things are.

>>13208764
>Buffett
I get JP Morgan vibes from him, i.e when he dies we will find that he actually owns barely anything!

>>13210094
Sad, many such cases!

>>13204367
economics undergraduate here... finishing my course this semester and I can honestly tell you I have absolute no fucking idea lol

>>13210161
post your syllabus

>>13204395
Based and redpilled

>>13208126
>Commies BTFO
Yeah it's almost like western universities have an agenda or something.