/biz/ - Business & Finance

>>18530164
>if they cared they would stop the federal reserve from printing infinite amounts of money
Bitcoin is a reaction to this. It is the answer and way to stop it

>>18530164
shut your kike trap

>>18530184
Crypto in general. When purchase power is taken away from a centralized unit and spread out upon a decentralized system with an agreed upon protocol by the users, (((they))) will become powerless. Crypto is literally jewish kryptonite

>>18530184
Yeah it is, only now that the federal reserve for the first time ever has went public and said there is an infinite supply of money they can print, and that nobody gives a fuck. If normies dont care bitcoin is going nowhere
>>18530187
You will see the light eventually, after you lose enough money and see how much money market traders make. Until then keep lying to yourself.

>>18530235
Cryptonite more like

>Bitcoin and cryptocurrency investors have cheered U.S. plans to create a so-called digital dollar as part of a massive coronavirus-induced stimulus bill.

NO THE FUCK WE HAVE NOT

>>18530235
>implying (((they))) don't already control your crypto market and manipulate it to questionably legal levels to short squeeze retards out of their cash

>>18530252
again, it doesn't matter, when forbes prints it boomers read it and believe it.

cryptos ultimate mistake was not being a level store of value in the very beginning. Sure, fiat ether increases or decreases in value over time. But when crypto started being traded LIKE it was an IPO on the NYSE, it became flawed. You arguably can't tell someone with good confidence and facts that when they put their money into a crypto currency that it will only increase in value, much like companies try to sell IPOs to people. Its WAY to volatile, and untrustworthy. Something like Tether is seemingly trustworthy to store your money in, because it doesn't fluctuate very much, and whatever money you put in it you also can take out later for use. And Tether has an infinite supply, as I'm sure you've heard. So Tether really just acts as the digital US dollar already.

A digital currency would be the only way to effectively enforce a negative interest rate if they ever choose to do so

>>18530322
UBI could be the open beta testing for a digital currency

>>18530306
tether doesnt close your wallet if they deem you (((unmutual)))

>>18530322
>>18530332
Once the dollar does go digital, that will be the death of most crypto currency. There will be no reason to trade it anymore, it is the ultimate convenience. I myself almost never carry cash, and use my debit card for everything. That is already completely digital. Just numbers added and subtracted from my digital bank account. Only when I go to cash out paper money from my bank it becomes physical.

>>18530339
and the digital dollar would be the same way. Theres no way for a (((bank))) to control what you put in your wallets, especially if it is a local wallet on your hard drive. You're still thinking fiat vs crypto.

I'm talking about fiat/crypto vs crypto. This is obvious to everyone who will come out on top, I'm just breaking the news to you now.

There will still be btc and eth and some others. Instead of tether or other stable coins it will be government digital dollars. People won’t be owning btc or eth anymore by the time this all happens. It will be worth so much by then you can only buy futures, ETFs, and bonds. A share in a btc pool. Crypto hedge funds etc. There is room at the top and central banks see that now and are trying to get in before it’s too late.

>>18530164
>If the U.S. were to create a digital dollar it could be seen as a tacit endorsement of bitcoin and cryptocurrencies, especially if it were to use bitcoin's underlying blockchain technology.

MFG

>>18530450
I completely agree, which is why I said hold a bag of bitcoin or whatever for the future when crypto finally does catch on, but following the news daily, trading it constantly for the very small off chance you make a lot of money, most of the time you're paying exchange fees. is cringe and a complete waste of your time and money.

I used to trade crypto daily. I was obsessed and thought it was the next big thing, and it is, just in the next 6-7 years. I became blackpilled on crypto when I started trading on the stock market,

>>18530576
Stock market is also extremely manipulated. The only way to win is to go along with the trend, same as anything else in life.
>t. sociopath chad

Yawn
We already have stable coins. This won't change a single thing. The government is late to the game and this digital dollar only does what hundreds of others do but way worse, and they've been around for longer. Shit will never take off, they should have acted years ago if they wanted in.

>>18530164
Imperial is betting on this. Can you imagine a government trying to create a digital currency? It would suck just like the checks they sent out. The government is incapable of anything except collecting taxes (which they suck at), building roads and deploying military in desert shitholes for rich families to get money for arms contracting. No, the government will use and switch to a digital currency that is inflationary and adjustable to growth.

>>18530164
the dollar is already digital

>>18530164
will you be me gf? pls i will do anything. I WILL BE ANYTHING. JUST LOVE ME

>>18530647
ok anon

I love you, and care about you. I hope you have a good nights sleep because I'll be dreaming about you.

>>18530706
that's a man

>>18530184
This. Imagine being a slave to the digital dollar and forfeiting the freedom to spend your money however or whenever you want. The digital dollar means you no longer have any control or posession whatsoever of your money. Good luck trying to hide or stash that shit and god help you if your good goy points are low.

>>18530164
>This is going to make basically all other crypto worthless
stopped reading right there

>>18530647
You will not and cannot be loved, you need to accept it friend.

>>18530164
that was the main reason why i never bought into bitcoin

i thought how long till governments just make their own stable coins.

im balls deep in link tho,

guess my IQ paid off

>>18530243
>it's bad unless we're doing it
>pic related

>>18530322
Cash might still be a thing. I heard a Congressman mention it would be good to have around for natural disasters.
https://blogs.imf.org/2019/02/05/cashing-in-how-to-make-negative-interest-rates-work/

How the fuck will strip clubs work with no cash???

>>18530164
Keep getting ass raped retard

>>18530235
oh geez it's like gold and silver totally accomplish this and is given to us by mother earth for free

>>18530164

Are you retarded? Serious question

>>18530164

Just wait until the normies realize dollars are exactly the same stale centralized ledger entry 1’s and 0’s as a random shitcoin cooked up by some scammer on the internet

>>18530164
Putting money on a blockchain is not revolutionary at all, especially if it is fiat. This is nothing but bullish for cryptos since the US is about to collapse.

>>18530164
Bitcoin needs to go sub $3k before cryptards will begin to wake up.

Unironically bullish, when they try to give us negative interest rates on the biggest mandated shitcoin of all, people will flock to Bitcoin. Why do you think they've got their faggot irs and whatever other goons after it. Read "cashing in, how to make negative interest rates work" by the IMF. Fuck I'm glad I hold PM's and crypto. Next step is to get off all this fucking cash I got. Fiat is the real shitcoin

>>18531831
Nah coom

>>18532162
PM's rule but don't bash crypto "I will post you some of my finest billion but you must post me back my change 1oz of gold and 2.65 Troy Oz of silver please Mr eBay seller"

>>18532681
Muh* bullion* fuck I hate phoneposting.

>>18530164
The Bitcoin standard, Bitcoin used as measure of value for any and all digital currency.

Furthermore and in regards to glowie ops 'muh boomers believe' shit, wouldn't the us creating a crypto in fact legitimise crypto for old people and simps? Do you want the crypto with negative rates (USD) or do you want the one that moons or at worst crabs?

It doesn't matter if not, they are literally going to create a currency crisis if they bring in negative interest rates no matter what they try. 'muh stocks' look I trade stocks but tsla haven't made money, they are billions in debt, where is the value?! This hole fucking thing will fall over sometime, maybe not in our lifetimes but ahhhhhhhhhhhhhhhhh

>>18532651
>imagine having more than 3-6 months worth of savings as emergency expenses in your bank account and not investing the rest of your fiat into assets

>>18532798
I want a house and want to wait a while given the situation is that ok with you?

>>18530164
>Before long the US dollar, and many other fiats, are going to go completely digital

THEY ALREADY ARE DIGITAL

ITS CALLED FUCKING CREDIT!!!

>>18532824
A home is an asset.