/biz/ - Business & Finance

This is known.
It's about gambling on the right coins.

I put all my money in the real tech giants. Bitcoin and Ether. I won't even buy altcoins, that's just bleeding sats.

>the bags I bought will survive the crash

everytime

Bad comparison. Cars is not a new paradigm. Tesla isn't competing against Nikola, it's competing against VW, GM, Toyota etc.
All more established brands that will soon catch up in EV tech

>>25718642
Na we Leave them eternally priced out

>>25718680

>Bitcoin

can literally only be used as a "store of value" no actual tangible use

>Ether

Gas fees and lack of scalability will be seen as dinosaur tech in the coming year

Altcoins will slowly fill the vacuum that is decentralized border less transactions, creating a real threat against fiat currencies and thus the future

>>25718642
most 2017 shitcoins already lost 90% or more of value, what more is there to lose?

>>25718996
>>Bitcoin
>can literally only be used as a "store of value" no actual tangible use
That is a use. You underestimate this world's economy and how ponzi scheme it is. Banks are loaning money they don't have, they are selling gold stocks for they don't have, but they can never fucking sell too many bitcoins if its your keys. It is your coin, nobody can take it away from you.

>>25718642
it's all about betting on the right horse and getting out while in profit
also buy SPCE while it's dirt cheap your bags will pump themselves soon

I didn't need reddit to tell me stocks are guna crash soon, just take a look at the fucking spx

>>25718642
God, the crash is gonna be a hell for everyone else and a paradise for me. I can't fucking wait, my body and shorts are ready.

>>25719028
Kek based

>>25718996
"Store if value" in the ultra depression is going to be pretty significant

>>25718824
>buy the things you think will will fail instead

The analysis leaves out the fact that those tech giants survived because they unscrupulously took out their competition by stealing or buying other companies' tech.

>>25718996
Store of value is literally the most valuable use case in the world LOL. Look at TAM for SoV assets, Real Estate, Gold, Bonds, all in the TRILLIONS.

Invest in Coinmetro's XCM.
But you won't listen.

NKLA is the silver to TSLA's gold

It should be pretty obvious that the upcoming crash will be massive in both the stock market and the crypto market. Make sure to cash out some gains to buy back lower and get the fuck out of low-income neighborhoods before shit hits the fan.

>>25719101
Actually they can take it away from you in several ways, but it all involves you being an idiot.

1) They can create a scheme called Decentralised Finance (DeFi) with fancy financial terms and convince you to part with your coin for 5-8% returns

2) They can raise the price skyhigh in a short time then start a crash, convincing you to move your coins to an exchange to either cash out or buy more coins when it crashes. Then, the exchange can collapse, taking your coin with it. See: mtgox, quadriga, etc

3) They can capture you and pull your teeth and fingernails off 1 by 1 with a pair of pliers until you tell them your key

>>25719436

im struggling to see such crash within the next 3 years, i can imagine great euphoria once the limitations that coronavirus has caused, maybe a couple years after that since prices would probably balloon to max amount

>>25718996
holy fuck you’re retarded

>>25719352
most people are actually so stupid that this is in fact the right advice.

>>25718824
this

>>25718642
Should I short Tesla?

>>25719028
10%

>>25719727
maybe anon, maybe

>>25719101
yes they can just paper trade

>>25719396
bonds ain't sov you mongloid

>>25718642
>we are currently where we were in 1998
you faggots have no idea, we are in the beginning of the green-tech bubble, the economy doesn't have to adhere to any form of reality or fundamentals in the short run i.e. years.
desu, we are in to deep, if the stock market begins to reflect fundamentals, it will be a bear market from another world. It can't happen, and it won't happen, because the alternative is debasement of the currency. a 8% inflation a year wouldn't be "that" noticeable, and it could keep the stock market from depreciating in dollars.

>Tech bubble
Ok, maybe. Sure.
>Green Energy bubble
What the fuck are they smoking

Dotcom bubble lasted 2 years? Cool. Btc to 500k guaranteed

>>25719531
>you can't be tortured to death for your gold or cash either
what fucking sadistic world do you live in?

>>25719110
Based SPCE poster

>>25718996
Stop calling BTC bitcoin.

>>25719941
52 year old boomer checking in... you are correct. I traded the dot com bubble and made money. I also lost money. Now, Biden and his gang would rather debase the currency then let this shit show end. We are currently in the beginning phases of a blow off top. We will have our market crash, make sure to have ammo ready. Afterwards, they will usher in the digital dollar. Social credit system coming also.

>>25718642
Link to 10,000

>>25720225
how long we got before it all comes tumbling down?

>>25718915
not without Tesla' patents on battery tech. they have literally invented new processes not to mention the machines to produce them in high volume. by 2035 they will basically run the entire global rechargeable battery market which is a pivotal technology for humans for...ever.

you have two cars from two manufacturers. one is 35k and goes 400 miles and the other is 40k and does 300. i don't give a fuck about the manufacturer.

those companies will rely on tesla batteries to run their cars and tesla licensed ai to drive them.

>>25718824
Deceptively low IQ take. Also nice spacing faggot.

>Economic crash
>Under a D president
Literally not since Carter

>>25718642
>Stock go up
>Therefore it must go down
Retard take. The stock market is a gigantic store of value for excess capital, the real reason we are seeing this decoupling and these new ATH "despite" da 'demic is because governments all over the world started inflating our dead horse economy ever after 07/08 and they fucking dropped the Mother of all Inflation packets onto us last year.
Its pointless to argue with these people when they willfully ignore the fact that not only is capital ultra cheap now, basically forcefed to rich people, its also looking for safe havens and this environment attracts big performers because you have to outrun the 'flation.

>>25719941
This.
If the market actually came to terms with the actual fundamental growth outlook, the multiples would shatter. The only reason this is happening is because of monetary expansion at unprecendented scale (e.g. debt)

>>25718642
>giving a single fuck about what (((economists))) think

Econ majors are seriously the fucking stupidest frat boys of any major. Imagine following the advice of these absolute morons. These are the same people who woke up hungover on the roof of a crackhouse at 1pm on monday.

>>25720486
Between 1 and 200 months, that I'm sure.

>>25721936
Fucking this, there has never ever been an economist who has been able to accurately read the market using a theoretical model and that's not going to change any time soon, precluding a major leap forward in AI technology

>>25718642
Wait until they discover SUTER.

>>25718642
Buy signal, reddit is retards.

>>25718642
Brainlet take that ignores the macro environment.
In 1998-2000 interest rates were 5%-6% and QE was non-existent. The game back then was to dump stocks into cash/bonds at peak bubble.
Now cash/bonds are at peak bubble and the game is to dump them into stocks and BTC.

>>25718996
>Gas fees and lack of scalability will be seen as dinosaur tech in the coming year
It's like you don't even know about the ETH roadmap. BTC will probably go down due to network economics not working out, but we are like a decade or two away from that at minimum

>>25720536
LOL no

They said this the last 5 times Tesla crashed 40% the past 2 years and it didnt effect the market. These people are so incredibly stupid

>>25718996
Go use Tron or BSV or some other chink/pajeet scam

Close, except
>muh slow recovery
There will be no recovery. This is not 1930's America. The "recovery" will be a gradual move into global communism. That is, if the elites get their way.

>>25722210
Bitcoin is never going away, period. Ethereum is just a counterfeit token trying to behave as a store of value. It attracts the dumb money, the tech-centric crowd, that doesn't understand the history of monetary protocols, hard money, and gold/silver. Good for institutions, it keeps the dumb money kicked out of Bitcoin's protocol.

>>25722370
>muh red menace

>>25718996
>IT'S NOT A USE CASE IF I DON'T AGREE IT IS DDDUUUURRRR... IT'S JUST NOT BEING USED OKAY. IT'S JUST NOT I REFUSE TO CONSIDER HOW MY USAGE OF THE WORD "USE" MIGHT BE ARBITRARY NONSENSE. I'M THE AUTHORITY ON WHAT OTHER PEOPLE CONSIDER VALIDLY USEFUL, IT'S NOT SUBJECTIVE.

you fucking midwit

>>25719531
>3) They can convince you to buy a russian bride, then capture you in the honey moon, and pull your teeth and fingernails off 1 by 1 with a pair of pliers until you tell them your key

FIFY

the government will not allow a crash in nominal terms. remember, there is no free market. if there was, we'd have already had a major crash.

TSLA could 10x from here and go to $8800USD. the question is, what will $8800USD actually be worth?

>>25722477
You could not be more wrong. ETH's long term goal isn't even to be a store of value.

>>25718915
GM doesn't need to catch up

>>25718642
>crypto blockchain companies
ethereum foundation?
ECC?
lmao there's no fucking crypto corporations yet faggot

>>25720225
Spx and Dow will rally hard +50% in the next 4 years , btc to 250k+ But yeh something will come, Probly not a major crash though just completely kill the middle class and create eternal rentcucks and landlords

>>25718996
Go back idiot you are not welcome

>>25718915
>All more established brands that will soon catch up in EV tech
[doubt]

>>25718996
>no actual tangible use
aside from byzantine fault tolerance without a trusted third party, yep pretty much useless LOL

>>25720196
shut the fuck up roger you're a tech illiterate retard

>>25720536
that's a nice fantasy but battery tech can evolve rapidly with new materials science and there is nothing preventing BMW or anyone else from making a breakthrough and wrecking Tesla in the process.

There is simply no justification in terms of product for Tesla's valuation.

>>25722598
For those of you that are unaware, Quantitive Easing is a central bank scheme in which they print new currency to purchase long term bonds, suppressing the yields(roi) of these bonds. Now that the bonds have artificially low yields, the market needs another place where it can store its capital for fear of economic risk. It must now turn to riskier assets, and all the money that was seeking a safe haven, now flows into the only other avenues available - equities and real estate.

Quantitive easing is literally a scheme by central bankers to pump the bags of the rich and give them an exit strategy. It started in 2008(although was occurring in other countries before then) when the global financial crisis almost bought about a great depression.

Do you think central banks, government and big business(all one joined conglomerate, thanks to democracy) will suddenly stop this scheme, let the free market return and see markets crash and retirement portfolios wiped out? It is much more politically viable to print more money, and let normies watch the line go straight up. They're so retarded they'll think everything is fine, and by the time they do figure it out, it will be too late for them to do anything about it, because they'll be holding the bags and the (((rich))) will be safe and clear.

>>25722843
based and redpilled

>>25722619
LOLOLOLOL

>implying everything isn't being orchestrated behind the scenes by a super AI that already has its influence wrapped around the world's most powerful elite

>>25719028
reddit has no fucking idea of what's going on with blockchain, they think it's a bunch of VCs playing around when in reality crypto is like andre deploying crippleware inside ethereum, rugpulls, sushi, yams, richard heart dabbing on retards like giacco and tone vays using money from viagra sales and vitalik posting autistic rants on twitter

>>25718642
This would normally be true if the fed did not fuck up the money supply.

>>25723024

>>25722843
Just take a look a long term chart of the S&P 500, an index which tracks the value of the top 500 US equities in order of market capitalisation.

It is up over 3 TIMES since the 2008 financial crisis in 2008.

Are you naive enough to think that there is 3 times as much value in the S&P 500 since then.

Just look at what it has done since the BOTTOM of the corona crash in march of last year! up over 65%!

All of these returns are not in REAL terms, but NOMINAL terms.

Get the fuck out of fiat denominated assets while you still can and into real, tangible assets.

>>25723003
GM innovates just about everything in the industry. They are terrible at producing and marketing it properly.

>>25723280
What's a good newish GM vehicle that's worth buying (a used version of)... You sound like you'd know.

>>25720536
hopium, SECURE YOUR PROFITS NOW before theyre gone

>>25723357
can you narrow it down

>>25723409
Just not a large SUV or Truck but still roomy for what it is.

>>25718996
Holy shit imagine Bitcoin tanking down to hundreds or tens of dollars in the event of a crash
That's the best thing next to reincarnating in 2011

>>25718642
why would crypto go down though, makes no sense to compare it to the dotcom bust. I worked in companies in the dotcom era. There was this semingly endless money supply for a short-time, and tech startups were getting money thrown at them left and right, they all overspent on stupid shit, and it all came crashing down. It was obvious it was going to come crashing down. But what is the overhead on a crypto? its a few programmers or small team, working remotely? Not to mention, the crackdown on freespeech, and the oppressive jewish control of the US is pushing people out of traditional investments, there are boiling the frog too quickly, the US is collapsing, and the frogs are hopping to get out. Crypto is a safety net. You can dump your life savings into crypto and still escape the US. you can't do that with any other investments.

>>25723462
Buick Encore, Chevy Malibu

>>25718824
Based

>>25723357
Car you plan on driving into the dirt - Buick Regal Tour-X. Good mpg awd Tried and true Opel wagon. Dealers couldn't move them so resale is shit.

Car you won't lose much money on. Chevy SS sedan With manual trans or 2g CTSV with manual trans. Based V8 enthusiests car with cult followings that will retain their value indefinitely. Applies to manual trans only.

>>25723462

Fuck GM for SUVs. Get a used Wrangler or 4 runner, put a million miles on it and sell it for near what you paid when your done.

Reddit has been repeatedly wrong for years. See e-celeb destiny's reddit archives regarding bitcoin for a good laugh.

>>25720225
stop watching television. social credit is not coming.