/biz/ - Business & Finance

>>28898817
post the new paradigm pic for me pls

bitcoin isn't mooning. the dollar is crashing

>>28898817
Unironically it is a new paradigm

>>28899432
Did you pay 20x as much for your milk at the supermarket as you did two years ago?

>>28898817
Meme chart fits any dataset if you zoom in or out enough. This is retarded fud. https://www.blockchaincenter.net/bitcoin-rainbow-chart/

>>28898817
wait a second, i know whats next... oh no no no n on on ono

>>28899600
that's because everything is crashing
repent and accept jesus christ as your lord and savior before the world ends
you have two weeks

>>28898817
i fell for this chart last summer already
not this time
profits taken

>>28899525
Unironic 4x on price of milk in my area over the last five years.

>>28899677

BTC hit an ATH less than 12 hours ago and is up 1.2% in the last 24 hours, what the fuck are you talking about? Apparently we're in such a crazy bull market that if we're not all getting double digit gains every day then its crashing

>>28899525
take a look at housing prices dipshit

>>28899950
Why would you pay for milk when you can get mommy milk for free?

>>28899982
BTC is the tool of SATAN THE ANTICHRIST AKA JOSEPH "STALIN" BIDEN
REPENT AND DESTROY YOUR EVIL CRYPTOSATANCURRENCY

>>28899982
ONLY 1.2% GAINS? AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA I AM GONNA START SINGING LINKIN PARK LYRICS

>>28900110
Go back to pol schizo

Guys, I think I have found a very promising coin. I really don't want to mess up this thread, but I just want to help people. BUT always do your own research!!! It has a low market cap and it is still undiscovered, HYVE.
Please do your own research and don't trust me this easily. But do your own research and earn some easy money. Dont be a sleeping sheep, but be the smart one. https://www.coingecko.com/en/coins/hyve

>>28899228
Not OP but is this what you want?

>>28899950
It's the exact same where I live, but assuming you're not exaggerating, this implies BTC is in a bubble and 5x as valuable as it should be, right?

>>28900004
>I use naughty words with my internet friends because mommy can't tell me off here
Grow up. Housing is also in a bubble because housing prices are inversely proportional to interest rates, which are at all time lows thanks to the Fed. It's the exact same house it was twenty years ago, it's only the price that has changed, because rates have dropped from 7% to 0%. This is related to the dollar but a completely different phenomenon.

>>28899677
Q predicted this...

>>28900282
Trust In The Plan

>>28899525

>>28900376
so is the CAD inflating too? is any FIAT safe?

(You)

>>28898817
>NEW PARADIGM!!!!

>>28900494
that's a hell of a candle. when should i buy in? apparently i had 1000 years, sorry.

How this shit is gonna crash and take the whole market with it right?

>>28900376
>one bubble justifies another
I use TSLA stocks as my store of value and BTC just keeps going down. Wtf do I do I'm losing so much money.

>>28899432
Gooby pls

>>28900937
Oh you have no fucking clue, where's that image of how literally everything, alts, even LINK is marching in complete lockstep with BTC right now for some reason. Like one tiny ripple in BTC and you see it on every single alt chart. If btc makes a big move down everybody is going to get fucked, it's like a house of cards

>>28900236
How about this?

>>28898817
nice quarterly candles you fuck

>>28900937

>>28901821
Ah here it is, yeah we're fucked

>>28900960
If everything is a bubble, it's not a bubble. It's dollar devaluation

>but muh milk and bread are still cheap!
Those don't fucking matter, faggot. The majority of people's money doesn't go toward shit like that and it doesn't make a difference. Mortgage payments, car prices, insurance premiums, school tuitions, all these things are what make up the majority of a normal person's expenses, and they're all skyrocketing.

>>28898817

>>28898817
every single bubble so far has been a "new paradigm"
>new bottom significantly higher than previous ATH
>new innovation coming out of alts (2011 Litecoin, 2013 Peercoin, 2017 Ethereum, 2021 DeFi)

>>28898817

>>28899982
Everyone's just frustrated that king shitcoin woke up, moved a little, then settled back down where it was, causing all the shitcoins to take a massive fucking 15-20% dump or more

>>28902070
Milk and bread are getting pretty expensive too for that matter

>>28902205
Sure, but the point is that the CPI measure of inflation is bullshit, since it does not take into account all the major expenses of daily living. The price of consomer trash and food is nothing compared to the cost of those big-ticket items that people spend years/decades paying off.

If bread were 2x as expensive, it wouldn't really be that big of a change in the grand scheme of things. If houses and cars were 2x as expensive, it would be.

>>28901969
>>28901821
>alt coins follow the coin that holds ~60% of the market share wow it's so crazy
Can you newfags please go back to plebbit

>>28898817
log scale should be your new paradigm, faggot

>>28899432
Correct
Dollar is toasted and it’s becoming worthless
At some point it will be so trash that UBI will be normal since USD will start losing value faster and faster as the debt spiral accelerate, they are gonna implemented that on cbdc, together with penalties for savers, it mean either you buy the new iPhone and consoom or they burn your money.
Fiat currencies are scams
Buy Bitcoin, save your life

>>28899432
Kys

>>28901969
Why is this happening? USD crashing?

>>28902179
that's one sexy candle

>>28899525
>>28902540
He's right, the dollar has been dropping the last week or so.

>>28902369
wut? isn't CPI based on a basket of goods in muttland?

>>28902402
It's pretty shocking actually to me I would not have expected what you see in the image. That will be like, catastrophic. And supposedly everyone just knows this?

This ain't 2018.
We got DeFi now. People are making lots of money and there is not such thing as an "upcoming mega-ICO" speculation.

Cope

PaddyPower offering 8/15 for bitcoin to be below 55k on March 1st btw

>>28902732
>And supposedly everyone just knows this?
Were you fuckers not here for the last bull run?

Zoom in

>>28898817
>NEW PARADIGM!!!!!!!!!!!!!!!!!!!!!!

>>28902732
Yes, everyone who has been here for more than two weeks just knows this. Bitcoin IS crypto. If Bitcoin fails, everything comes down with it.

>>28900425
Lol, look at central bank charts

>>28902726
and they will tweak the basket so that it shows no inflation every year

>>28898817

>>28902726
look into "Hedonic quality adjustment"
the numbers are not even remotely connected to reality

why do alts crash every fucking time BTC makes all time highs??

QUIT BUYING THE OLD BOOMERCOIN AND BUY THE ACTUALLY USEFUL TECHNOLOGY YOU IDIOTS

>>28899525
Leaf here, unironically paying 10% more for milk compared to last year

>>28902732
Yes because more often than not BTC is over half the market and all the bots trade in relationship to SATs

>>28903078
Because every time BTC makes a new ATH, the market knows that altseason isn't here yet, so smart money moves from alts and into BTC.

>>28900425
All FIAT is pegged to the US dollar

>>28901849
delete this. bears dont like it

>>28899432
what does that even mean, you can still buy stuff with dollar and you can't with bitcoin

>>28900236
I meant the meme pic with the technical analysis comparison.

>>28899525
in leafland food prices have fucking skyrocketed

>>28903903
>Federal Reserve prints money
>It enters the economy
>Money is put into crypto, stocks and real estate
>Thereby money exits the economy
The Federal Reserve is causing inflation of assets. Since almost all the new money the Federal Reserve prints ends exiting the "real economy" by entering the giant void of crypto, stocks and RE where it remains stagnant, the price of break and milk remains somewhat normal.

See how that works? Crypto is deflationary for the real economy because crypto is essentially just a giant black hole for useless USD to sit idle. And that black hole will keep growing for as long as the moneyprinter is running.

>>28902070
>If everything is a bubble, it's not a bubble. It's dollar devaluation
Not everything is a bubble or being priced higher as your own post admits. Anything which is touched by debt and leverage is in a bubble, because all these things are affected DIRECTLY BY INTEREST RATES.

>Mortgage payments, car prices, insurance premiums, school tuitions
THESE PRICES GO UP AS RATES GO DOWN. This is not the dollar devaluing. Consumer prices are unironically more important than your debt bubble. The price of milk doubling is much, much, much bigger news than the price of college doubling.

>>28902369
>If bread were 2x as expensive, it wouldn't really be that big of a change in the grand scheme of things
But if inflation is happening, why wouldn't you be able to measure it in cheap things too? Unless there have been recent developments in bread production to offset the inflation.

Furthermore, using the housing market as an indicator would obviously not be better, as there are plenty of examples where prices were far outpacing inflation (00-07)

>>28903903
I just bought a new $2000 computer and 20 oz of silver for bitcoin in the last month.

>>28900110
comparing biden to stalin, you fucking moron

>>28898817
>tfw you 80IQ retards never learned about log functions

>>28904770
Yeah, what's that guy thinking insulting Stalin like that?

>>28898817
a bought your mom for a paradigms

Thank you OP, very Cool!

>>28902894
>>28902962
Kek expect lots of 19 year olds like me to be bagholding for you for the next 4 years

>>28899525
when inflation occurs artificially, like with the us gov printing gorillions of dollars, prices only rise wherever those dollars are injected. the people getting bailout gibs are corporations and banks. this money goes to assets (securities, real estate, etc.) instead of things that would result in immediate price action for everyday goods. the stonk market has been artificially propped up in this way rn.

>NEW PARADIGM!!!!!!!!!!!!!!!!!!!!!!

I eat poop with a spoon

>>28904423
how much for one can of luxury soup?

>>28905122
Jesus christ.

>>28902726
Yes it’s a total farce. Unemployment is similar, after several weeks of not finding a job you drop off the unemployment roles as (not looking for a job).

>>28901821
Then why are you here? Why don't you sell everything you hold and move on? Instead you sit around here, chatting away like a middle aged womyn.

>>28902719
Ok but it's not only why BTC has mooned

>>28899525
i do the same shopping at the grocery store and since the pandemic im paying around 10 bucks more. so from $60 to $70 just above a 15% increase

>>28898817
you know we do look rather silly when you zoom out like that

Haha

>>28905746
A 15% increase is not a 500% increase. If the dollar was truly worth 5x less, and BTC, DOGE TSLA, memestocks etc. were still at the same valuation in real terms, you should be paying $240 for your weekly shop. Because you're not, you can safely assume there is an asset bubble created by cheap money, bored people sitting at home, and FOMO.