/biz/ - Business & Finance

Don't like it? SCHIFF!

>>18963197
kekked

>>18963176

Buy Bitcoin; you can learn about it here

https://blog.plan99.net/the-resolution-of-the-bitcoin-experiment-dabb30201f7

https://www.youtube.com/watch?v=UYHFrf5ci_g

>>18963176

Deflation is here in america, but ol pete is kinda betting that the fed will do more QE and NIRP. I personally think the FED at some point will stop the QE, seeing as the last pump has been incredibly ineffective and all evidence indicates it is actually harming the economy (main street completely disconnected from wall street gains). And before you say "Too big to fail!!!" this recent crisis has revealed just how little banks actually matter to most americans. We can survive with the financial sector in crumbles because it is already a massive joke, with or without billions of pump.

Powell is also giving a speech in a few days, and is expected to do one of two things: 1) affirm that the FED will never do negative interest rates or 2) state "temporary" negative interest rates in the future are a possibility.

If he says number 1, he is basically telling the economy deflation is inevitable and he wont try to do anything about it because the alternative (massive hyper inflation) is worse. If he says number 2, he is saying that FED will keep printing until the death of the dollar. There is just not a lot we know right now.

The FED knows that 15% unemployment + artifical inflation is a bad idea. This is worse than the stagflation scenario from the 70s... and the only thing that fixed that was a giant paul volker schlong (high interest rates), which more than half the FED remembers as it was a key part of their childhoods.

>>18963255
What if Bitcoin were minable & fee-less?

>>18963176
I did

>>18963176
I've made huge gains on physical gold and mining stocks. Glad I started buying several years ago. Schiff knows his shit.

>>18963176
fuck you im ballz deep in silver

>>18963611
>>18963176
Whats he drinking?

>>18963807
Coconut water

>>18963807

>>18963365
Dude, the cold thing is going to blow over in a month or two.

>>18963176
Wow this Schiff guy is dangerously based

>>18964046

>A person whose work is worth (less than?) 2 dollars an hour?

I can find HR departments full of those.

>>18963384
What if it just worked as intended instead?

>>18963384

That's Bitcoin Cash (BCH), the real Bitcoin.

https://txstreet.com/beta

https://www.bitcoincash.org/roadmap.html

https://medium.com/scalar-capital/the-bitcoin-cash-story-e55b277491f9

https://medium.com/@johnblocke/a-brief-and-incomplete-history-of-censorship-in-r-bitcoin-c85a290fe43

https://medium.com/@jonaldfyookball/12-reasons-bitcoin-cash-is-the-real-bitcoin-8d5547988374

https://medium.com/@johnblocke/r-bitcoin-censorship-revisited-58d5b1bdcd64

>>18964180
BCH isn't feeless. It's just another small block shitcoin with shifting sand for a protocol.

>>18964244

Completely false. Look at https://txstreet.com/beta
for a demonstration.

BTC at the $20,000 height had $100-fees and 3-day waiting times. BCH, even as it stands today, could handle each transaction for one cent.

>>18964244
This
>>18964257
Is it 100% fee-less

>>18964257
That isn't feeless. Which isn't a problem. Bitcoin is suppose to have fees, they're just suppose to be cheap. Cheaper than one cent even. About a tenth or a hundredth of a cent for a simple transaction.

>>18964306
I agree, but having fees means it can fluctuate.

>>18963807
goyim stemcells with gold flakes

>>18964327
Not really. If blocks are unbounded like they are in BSV then they're never full. If they're never full users aren't competing for blockspace. If they aren't competing for blockspace they aren't bidding up transaction fees to get their transactions in a block before other users, because the blocksize is unbounded.

>>18963176
Also Newmont and Barrick stock, when the gold price really starts moving, institutional money will flow into the 2 big names.

>>18964390
I still prefer no fees.

>>18964414
No fees sounds nice, but then there is no incentive to maintain the network by miners. For now they can survive on a block reward by minting new Bitcoin, but that won't last forever.

>>18964569
>but then there is no incentive to maintain the network by miners
Your are right, in bitcoin's case.

>>18963807
foreskins and atomic gold

>>18964627
>>18964333
I always suspected it was alcohol. His skin is always flush

>>18963907
Is this a popular drink in puerto rico?

>>18964257
There was never a point where you would pay anywhere near that fee AND wait three days. The high fees quoted were always for a guaranteed next block transaction, and I never saw anything over 40 dollars. Never paid more than 5 dollars personally. You sir, are fudding with bullshit.

>>18963907
>sits down at bar
>yea can i get uhhhhh lime ginger shots

>>18963659
>I've made HUGE gains on physical gold
stop lying faggot. 4% a year isn't huge....

>>18966903
There's no reason for Bitcoin to go to a million when other protocols have the capacity to be faster, more private, more secure, more liquid, etc.

The vast majority of people who own bitcoin don't even know how it works or why people are valuing it.

look up immunized money. feds have a new way of printing that barely moves inflation rate.

Gold and silver are obsolete. Buy BTC before halvening.

>>18966867
>bought in the 1200-1300s
>trading 1720-1740 range
>4%

>>18966993

>bought in the 1200-1300s
>trading 1720-1740 range
>4%

Exactly same as me anon!
Congrats on those gainz
Nice risk free gainz too
So cozy

>>18963176
CKB (nervos) is my "gold" ticket that few understand / talk about.

>>18966974
Are you retarded, they aren't doing anything new.

>>18963176
hes unironically based on his macroeconomic takes
admittedly his investment advice is pretty shit since he comes from the assumption that the stock market is a free market which is far from true

>>18967079
look up immunized money faggot.

perhaps

>>18966903
He was right about bitcoin being a bubble

>>18967079

>>18967121
What about the trillions in fiscal stimulus, and the stimulus to come. Not all of the QE were overnight repos.

>>18967121
>>18966974
That's a way they can manage their balance sheet, that doesn't mean there's no inflation, nor is there a reason for them to do this now. They are trying to create inflation.

They tried to get the bonds back off their balance sheet in 2019 but the market was too fragile and they cut rates and started QE again.

>>18966974
The cost of living for average americans has skyrocketed in the last 20 years. Why are we pretending theres no inflation

>>18967163
velocity of money

>>18967189
Now you're just saying meme words you've heard

>>18967121
Who’s this utter imbecilic retarded fag anon?

>>18967121
What a fucking total moron this faggot is
All you need to do is take one look at Fed balance sheet
They even have it on their own website

>>18967169
Cuz it’s stagflation you dumb fuck. Stop arguing two sides of a dildo meant to buttfuck you with.

>>18966953
>theres no reason for bitcoin to go to a million
no normie has ever heard of your shit coin thats the only reason it needs

>>18967344
This
And $ measure in gold over 15 years
The early QE inflation went into financial assets
This time it’s going retail as less production
Govt cash to consumer

>>18963176
why don’t more of you anons believe in precious metals? Seriously .it really confuses me

>>18966845
fukin kek