/biz/ - Business & Finance

I am in the exact same situation. I could be in 6 figures hell already if i had put my money on crypto and not into boomer rocks.

>>25642088
why would we spoonfeed you? we dont care if you buy or not

go buy your shiny rock with infinite supply retard

>>25642088
Classic entitled boomer. You’ve had 11 years to educate yourself and you frequent a board constantly talking about it.

I will not spoonfeed you boomer.

>>25642253
That's what central banks are doing retard.

>>25642218
>>25642250
>>25642253
Highly defensive replies with zero substance, sums up the intelligence of 95% of kikecoin buyers lol.

>>25642383
Because you are talking as if we are somehow forced to help you. We don't like that nigger spirit

>>25642543
I can justify and constructively defend any investment I've ever made, if you can't do the same then it leads me to believe you have no real reason to be invested in crypto besides muh gains. You don't have to explain shit no, so kindly fuck off so the adults can discuss things.

>>25642633
Oh I can, you are just entirely irrelevant and unimportant to me. Entitled and ignorant.

>>25642088
Too late this cycle. Wait a few years.

>>25642660
Keep walking.

OPs a giant homo

>>25642088
Breh, the only reason you should invest into cryptos is to convert the profits from a speculative asset into more PM. That's it. Be bright enough to recognize that for cryptos to survive, at some point they'll have to decouple and circumvent fiat currencies and start anchoring their value on commodities like precious metals, otherwise they'll be destroyed through hyper-inflation and currency debasement (i.e. being a "millionaire" in BTC doesn't mean much if a loaf of bread costs $25,000). Yes, you can make amazing short-term gains in the crypto sector (I have), but don't get high on the BS. With PMs you'll be able to convert into whatever new currency comes after the dollar, as well as whatever cryptos are able to survive the carnage (if any survive).

>>25642088
Peter schiff is a cia agent that was designed to act as a pied piper operation to mislead hard money investors over the last decade.

His father was a honey pot that got tax protestors arrested in the 1980s.

>>25642088
stfu loser we aint gonna do your homework or try to convince you of anything. keep watching it moon on the sidelines faggot

>>25642088
keep buying your shiny rocks you self-centered vapid boomer trash. why you expect people here to spoonfeed you is beyond me

I wouldn't buy any crypto. Do you see the current state of things? I'll keep stacking my gold. Crypto will be outlawed by 2045, yea I probably could've made a few mil with crypto in that time but I just love my rocks.

Mathematically capped supply with onboard global ledger Vs earth element of unknown supply and basically dick for price action that requires taking a haircut buying and selling. Gold once underpinned the world's monetary system but we also rode horses everywhere once too. Why buy a horse when you can buy a car?

>>25642088
It's like when the gold standard was dropped to float it. There's just more universality in a cryptocurrency. There's also more technology which promises cheaper transportation, more security, less global warming, not to mention being cheaper itself just to produce

>>25642755
>the only reason you should invest into cryptos is to convert the profits from a speculative asset into more PM
That's pretty much my plan if I do invest in them. I have zero faith in crypto as an investment; it's speculative, no intrinsic value and intangible. I do like it as an alt-currency and have used it for payment plenty of times.
>at some point they'll have to decouple and circumvent fiat currencies and start anchoring their value on commodities like precious metals
I would totally invest in a gold/silver backed crypto.
Thanks for the reply.

>>25642088
imagine being made of ears. grotesque mutant, not talking to you.

>>25642633
>I can justify and constructively defend any investment I've ever made
and yet they didnt go up and bitcoin did

>>25643005
I'm not in PM's to be a millionaire, genius.

>>25642633
>muh gains
This is the only reason you should be invested in anything ever. It’s not a hobby, or an ideology or a religion. It’s a tool to take my net worth x and make that net worth nx where n is some number greater than 1.
That’s all there is to it faggot.

>>25642633
thank you mr buffett, very cool

>>25643023
That’s why they are a shitty investment

>>25642842
Crypto won't be outlawed IMO, central banks/governments are developing their own.

>>25642088
Watch this then buy the standard.

https://www.youtube.com/watch?v=xgGph8K7Bxw

>>25643023
if you dont care about profits just hold pms

>>25643118
Store of wealth, not an investment. You really have no idea.

>>25643177
I was in stocks to make profit, I'm in PM's to protect my wealth. The market is disconnected from the real economy.

>>25643190
Store of wealth that hasn't done much since any government with a printing press is "creating" money at an alarming rate. This type of market environment is ideal for gold to move, yet the price action is minimal. Simply put holding gold Vs BTC since CovID dump has been a massacre.

>>25643190
Why create a “store of wealth” when you can just make more wealth?
Opportunity cost is a thing. Sure having like 1-5% allocation of your portfolio to PMs makes sense but having any significant fraction of your money not growing is lunacy unless you’re already mega rich. Even then why risk your vast wealth in a commodity that can fluctuate so much. You’d be better off in high yield bonds and income producing real estate.

>>25643247
The price is manipulated but it remains a sound asset to hold for practical purposes. With BTC, the price may not be manipulated but the asset has no real value. That's my dilemma anyway.

>>25643222
Don't buy bitcoin its a ponzi. You have to go back

>>25643323
Gold has no real value either. Inherent value is only a meme.
And no the industrial value of gold is nowhere near its financial speculative value so the vast majority of gold’s “value” originates from the same place Bitcoin’s does.

>>25643321
It's a protectionist thing. I don't see a stable economy or stable social conditions so I'm reluctant to stay within that system. If crypto is really an alternative to the chaos then I'll go with it, but with caution.

>>25643406
Crypto holders have made more money in the last 10 years than gold holders have in the last 200. I’ll leave you with that.

>>25643323
I am definitely not arguing gold as a hold is terrible, you're still saving for the future. However, it's also not the "best" hold. What makes BTC not real? The fact it exists on a computer in code? Have you never used a computer, obviously yes as you're here, does that make this any "less real"?

>>25643445
I know, but is it justified? Is it sustainable? Or are the majority of people parting with their cash via ignorance and desire to be part of the hype?

>>25642088
i'm pretty sure the burden of proof belongs to you. if you are asking that question, you must already be aware of why it's a ponzi scheme, when it will be outlawed and when it will go bust. go ahead, i'm all ears

>>25642633
Fucking boomer. I hate how boomers talk

>>25642088
If you don’t understand, fine I don’t have the time to teach you . Stay poor

>>25643465
I don't invest my money into 4chan, that's the difference. If I buy a web domain, it has value through desire, uniqueness and the potential to generate income. Bitcoin doesn't generate income unless others buy into it, you feel me?

>>25642218
>>25642250
>>25642253
based anons

>>25643538
The same reason you buy gold, to not be holding worthless paper bills that are being created at an incredible pace.

>>25643538
does it really fucking matter? i reckon youve got 10 to 20 more years of this. take a piece of the pie while it lasts

>>25642088
Bitcoin like all crypto is based on shilling and fomoing. It's volatile and uncertain but people still profit from it. Until it crashes with no possibility of recovery (regulations, outlaw, heavy taxes, etc).

>>25642383
you are right better stay away

>holds gold
>calls anybody a kike
lmao

>>25643617
It seems you don't like BTC because you can't touch it, but I fail to see how that isn't a positive given human history and the forced forfeiture of assets.

>>25643744
Say we have an electrical blackout, how do you access your crypto to withdraw/convert it?

>>25642942
The perth mint has released a gold backed token PMGT

>>25642218
Because without new idiots the whole thing crash?

>>25643885
Batteries not included

>>25643885
phone wallets? electrical blackouts would also disable basic credit cards and most of conventional payment systems
long blackouts are very unlikely to happen at a global scale

>>25643936
It's here to stay, uga buga shiny rock fags dont decide the fate of bitcoin

>>25643744
>if you spend your money into something who doesnt exist, no one can steal it from you!
absolute genius!
shitcoins holders are truly the greatest minds on this planet.

At least this time they seems to acknowledge they are gambling on hot air ponzi scams who will eventually crash down to zero, where they belong, instead of being dumb cultist like in 2017. That's a good thing, at least they'll be smart enough to secure some gains instead of having 'hands of steel'. On the other hand, the day the fear kicks in, since no one want to lose this musical chairs' game it will be the fastest paced crash ever recorded, and literally anything could trigger it. The volatility will be out the chart.
Now seems to be a good time to partially cash out if you already made sweet gains, at least withdrawing your initial + a lil' bonus?

>>25644042
>uga buga shiny rock fags dont decide the fate of bitcoin
They literally do you stupid grug, the biggest shiny rocks holders are central banks and they control this world in case you didn't notice it. And they WILL ban cryptos to eliminate competition from CBDCs' monopoly, it's not a matter of if but when.

>>25643744
https://coingeek.com/bittrex-to-delist-privacy-coins-monero-zcash-and-dash/

I like Monero for its privacy and it's already being targeted.

>>25644080
BTC is a system, a system that can absorb any amount of value. In theory any number of commodities could be valued in BTC. Once you take it in the context of a mathematically capped value transfer system then you can peg anything to it.

>>25644080
>Now seems to be a good time to partially cash out if you already made sweet gains, at least withdrawing your initial + a lil' bonus?
I would have cashed out already at 30k. There’s nothing natural with this bubble. It’s not real people buying shitcoins. It’s whales pumping it up with wash trading and then taking whetever money comes in from retail. It can only work because of the hodl meme.

>>25644149
Another based anon. I did highlight this fact earlier in the thread but nobody seems to care about it lol

>>25643886
Have a (You)

>>25644192
That's why shitcoins need to be backed by commodities, i agree.
Alone, shitcoins are inherently worthless, they simply are a protocol.
Alone, commodities are illiquid and outdated as a store of value in the numeric era.
They both need each others to thrive, and there is no doubt in my mind it's the future of cryptomoney (and not cryptocurrencies, notice the difference).

>>25642088
checked, wait for the dip

>>25644502
ah fuck you /biz/ why the fuck do I have such an ID!?

>>25642088
we dont need your lunch money bucko stick to boomer rocks

>>25642088
You should have both

>>25644350
if you already know all the answers, why are you bothering to post? just go away and let us idiots play with magic internet money waiting for the day the banks seize them all

>>25642755
>>25642942
You guys don’t get it.

Bitcoin already made it.
You don’t even understand why gold has value
There’s already “intrinsic” value and utility in Bitcoin.

Just don’t invest in bullshit like alts, even ETH is just a project at this point. Bitcoin isn’t.

For your children’s sake just put 10% of your PM stack into BTC

>>25642088
I dumped all my PM'S for crypto earlier this week. Good decision.
Basically, there is far more opportunity in crypto than in PM's. You gotta ride the wave if you want big gains.
PMs will do okay in the near future because of money printing etc, but cryptos will do even better for the same reason. So if they are both deflationary stores of value to escape from fiat, why not invest in the one option with bigger returns and then increase your PM stack with the money made from crypto?

>How it wont be outlawed

Just a reminder, gold was once outlawed, bitcoin never was. Bitcoin has a better legal track record

>>25644350
They are in for the quick gain, riddin' the biggest ponzi ever while it last, nothing wrong about it. That said, you are way too late to profit from it fren, we are at the top of the wave, or very near from it. Risking your real wealth now just to maybe squeeze few extra shekels out of it is really not worth it.

Also as i said it here >>25644478 you already own what the future cryptos will be denominated with (among other commodities, it could be anything, but of course precious metals will be an obvious first choice for backed cryptos). In a sense, by betting on shiny rocks you are also betting on the future of shitcoins.
An analogy i like to use is cryptos being the technological support for transactions, just like phone lines are used for internet.
Speccing on cryptos is like pilling up phone cables hoping to make money because ppl uses them to transfert cash on internet, that's ridiculous. The smart move is to understand what will define new cash, and it wont be few lines of code any pajeet can create out of the blue in few hours (9.9K different shitcoins currently existing..lol) obviously, but a scarce ressource, with now new methods of transferts.

Basically we are about to rediscover gold backed bank notes, simply faster and more secure.

>>25642088
>how it won't be outlawed
Banks, investment funds, billionaires and politicians are deeply invested in it. You know the groups incharge of the planet.

>how it will continue to boom at bust
Gold is worth 12 trillion, stock market and fiat currencies are also worth multiple trillions. Crypto is just another form of money that's been draining some of that wealth for the past 10 years and it will continue to do so until it becomes just as big.

>>25644910
No

>>25644910
Very interesting analysis.
Thanks fren.

>>25644738
There is no value to store in Bitcoin. It is 1s and 0s without a real market. It has no real value.

>>25642088
>Line goes up
>Money print machine goes brr

>>25645092
You are welcome, fren!

>>25644988
You are the kind of stupid nigger who will still cry
>d-diamond hands! hold t-the l-line, maxibros!
once everybody is leaving and profit from their sweet gains. I already imagine you waking up few months from now and seeing your PF value being -99% all of a sudden, and when you connect on biz few minutes after, you see all the anons with pics of their new lambos, whores and boats, financed by your cretinery. lmao.

>>25644910
>>25645175
>>25644350
>>25644425
>>25644478
UGA BUGA SHINY ROCK

>>25642088
Gold is manipulated by comex paper and isn’t that rare. It will only moon in a catastrophic breakdown of law and order mad madmax scenario. Slow decay is more likely and gold isn’t showing the OOMF it’s promised by goldfags. Otherwise it would be mooning already

So what is mooning in accordance with devaluation? Bbbbbbitcoin

>>25645376
Better them than central bankers shitting in your face

>>25642088
Get Monero. Check the general for more information >>25631928

What's good niggas.. yall making gains despite what's going on today??

World steel shortage continuing. CLF finished 2nd M&A with ArcelorMittal USA in December.. pro-forma revenues with the new Cliffs is at 17b... so mkt cap is sitting under 1/2th the revenue CLF bringing in now

Compare this to Tesla which is trading at 1500 times earnings.

Long CLF. Don't miss this steel supercycle

Last time Iron was priced like this CLF went to $120. Did I mention CLF generated half its mkt cap in earnings for Q3? 1.65b revenue to 3b mkt cap.. 5th earnings beat in a row 6
6th EPS beat on the way next earnings call in February

Don't miss this shit boys.. Big Tech is rotating to Big Steel.

Invest in America

https://stocktwits.com/symbol/CLF

Just a reminder that the jews confiscated gold in America before and will again if needed. Other places just killed you for it. Comfy and safe.

>>25645594
clf fag we know you dont hold any stocks you can fuck off now