/biz/ - Business & Finance

my wallet is ready

there are people selling rn too. I feel bad for them desu.

Good. Mt Gox will be dumping 150K BTC soon.

See you at 10K

>>24735981
>soon
lmao

>>24735981
Some billionaire would low key buy the entire 150k BTC.
kys

>>24734382
He's actually buying and has bought the top every time, kek

>>24736131
his average price is like 11k though

The whole purpose of Bitcoin now is that the price will go up

>>24736333
the only purpose i ever cared about

MicroStrategy Chairman Accused of Fraud by S.E.C.

>>24736394
literally only guy left who remembers what bitcoin was supposed to be
why aren't people buying bitcoin cash?

>>24736433
fud from 20 years ago? Is that the best you've got?
kill yourself, bearfag

dude smells like shit
I don't like this bitcoin era

>>24736178
The last time he bought was like 19.4, he said it on his twitter but yeah I'm sure his price prior to that was way lower because it went to $12k after the news broke.
>>24736333
Always has been.

>>24735981
This is probably already causing our dip. Whales are sending BTC to exchanges already

>>24736553
kys

>>24736078
Smart money probably contacted people eligible to MTGOX coins saying something like this:

"Look, you can wait for these coins, or you sell the rights to them right now to us for $5000 per coin."

I'm pretty sure they'll either come back to hodlers who declined that deal or were future-sold to institutions, i.e. also hodlers.

People are going to oversell this MTGOX nothingburger and FOMO back in so hard.

>>24736553
ver is an idiot the bitcoin devs all knew what they had to do to make bitcoin go up. they did the math and turned out dark net cash is a shitty fundamental for valuation. i can buy my coffee with anything else it's my life savings i want to be inflation proof and unconfiscateable.

>>24737425
>People are going to oversell this MTGOX nothingburger and FOMO back in so hard.
indeed i expect $14k then quick return to $20k area

>>24737397
implying based ver is wrong here

>>24737462
when did gold become an antiquated store of value? satoshi's project; create a store of value and not a ledger-less means of transaction internationally

>>24738105
>when did gold become an antiquated store of value?
about a 100 years ago

>>24738154
gold is a bad store of value?

at 0.75% apr for 5 years
i wish i could borrow at that rate

>>24738105
The problem with gold is that it is physical so is cheaper to store at a bank and trade paper thereby meaning it is centralized

>>24738192
Source: https://goldsilver.com/blog/its-official-gold-silver-prices-now-at-inflation-adjusted-50-year-lows/

So you guys think BTC will bleed out in the coming days/weeks or will WE see a massive short move?

>>24738405
>he pegs gold to the dollar
if gold is a store of value its valuation shouldn't be priced in USD fucking retard
If USD goes haywire gold could shoot up in price but only relative to the USD
It is at historic lows because USD is the world's reserve currency and has had a negative impact on the PRICE of gold in the last 50 years but that doesn't mean gold is a bad storage of value

if bitcoin didn't exist and the dollar collapsed do you think gold would've also collapsed? retard it would've been where money would've fled had bitcoin now not existed

so why did satoshi seek to create a new store of value when gold was already plentiful? Because, you alluded to it yourself, gold is physical and HARD TO TRANSACT IN

retarded inbreds

>>24738225
>>24738405
>>24738488
meant to both of you

>>24738488
>>he pegs gold to the dollar
Of course, what else? You can peg it to oil, or wheat or whatever, but guess what you're doing there. You're calculating the dollar price of oil vs. the dollar price of gold.

Learn how money works you brainlet.

>>24739314
you don't peg store of values to anything you absolute retard holy fuck BTC was supposed to educate people about the liberation of money not shackle you retards to banks once again for some gains fucking kys

bitcoin won't 10000x just to 10000x fucking retards. If you can't transact in it it won't be the "stablecoin" you seek for store of value. Literally every other cryptocurrency has unlimited supply these shallow properties aren't supposed to be bitcoin's strength

fucking rip this industry in all honesty

>>24739314
Kek dollar's pegged to gold not the other way around

Learn how money works you keynesian

>>24739378
>you don't peg store of values to anything
You're right. A better metric of the actual purchasing power of a good would be some sort of basket of goods and to track how much of this basket can be bought over time... I wonder if someone did this..
>>24738405
Ah, yes.

Face it dude, you are butthurt that gold is actually bad at preserving purchasing power. And maybe it *actually* isn't, but was downtraded by central banks the last 100 years. But then again, would-coudla-shoulda... If gold *can* be downtraded by central banks, then that is an inherent weakness of gold and disqualifies it as ultimate money. Sorry we live in the real world.

Also sorry you missed out on all the BTC gains because you thought your yellow scrap metal will make a comeback.

>>24738405
>https://goldsilver.com/blog/its-official-gold-silver-prices-now-at-inflation-adjusted-50-year-lows/

is it time to buy gold?

>>24739985
>A better metric of the actual purchasing power of a good would be some sort of basket of goods
So you agree that you talked shit before?
>A better metric of the actual purchasing power of a good
No. A good metric to track the PRICE is the US dollar
A good metric to track the VALUE can't be assessed because it's relative.

You do not PEG it to the dollar because it's a store of value tracked RELATIVE to the dollar. Either the dollar is pegged to it, getting its value from the inherent store of value that is gold, or you unpeg it and get the situation we've had since the bretton woods system was enacted

Why would you store your money in Bitcoin? What differentiates it from gold?
Right, it's borderless and ledgerless MEANS OF TRANSACTION

Oh but now transacting in it is more expensive than transacting in gold AND might even become a bigger hassle than gold over time "but it's now a store of value. You aren't meant to transact in it"

Get fucking scammed retard
Dumb hedgefund bankers are going to flood this currency and you'll think it'll just remain a "store of value" because "it is"
It'll get surpassed by some other currency in terms of market cap and suddenly its price won't go up as much over time and maybe might even go down, and there's nothing that actually suggests it SHOULD go up over time except for adoption and if adoption fades in favor of some other currency that actually is able to cross-border transact and has all the properties of Bitcoin but is just better, Bitcoin is fucked

But this discussion has become alien to the crypto industry
It's become so fucking dumbed down from Keynesian macroeconomics it's nothing like what it used to be
Absolutely sad

>>24740291
>So you agree that you talked shit before?
No. Price in USD is the same as a basket of goods of everything that is available for purchase for USD, which is everything.

>>24740291
>A good metric to track the VALUE can't be assessed because it's relative.
You think you're clever, but you aren't. This has nothing to do with the Austrian axiom of subjective value theory. That's why I used "purchasing power" and not "value".

>>24740373
k

>>24734382
he’s unironically selling the btc he bought at 10k otc to himself while keeping the community confused and happy, genius play really, gets his initial out

>>24740458
who gives af even if that's true, it's Paypal and the institutions who are the real movers

>>24737425
Lawyers have been doing this for years unironically, ALOT of these coins were sold by tards for 1400 or less you can read about it on the goxclaims reddit

>>24738405
Repeat after me, boomer rocks are not an investment

>>24737425
Good thinking. We know microstrat buys small amounts on regular intervals. I have a hunch CB has their buy program kick into gear during price drops and high liquidity.

It's not just microstrat playing this game, I bet. But the players are buying in fractions that mimic regular retail flow.

>>24740503
anytime plebs worship some bitcoin messiah and give them control it ends poorly, he’s just another investor wanting to make money that’s all

>>24735981
>implying Saylor didn’t facilitate the dates being set back again and again for BTC reimbursement
>implying this isnt a coincidence that saylor is about to launch a more than half a billion dollar investment scheme the same time gox dumps
>implying this isn’t him absolutely dumping and pumping BTC to corner the BTC market
Unironically 50,000$ Eoy and super bullish for BTC. He’s about load up on so many fucking cheapies.
>yfw dumb boomer Luddite can’t into future money