/biz/ - Business & Finance

why did he do this? Doesn't he know about banking? Mother fucker. He even changed his bitcoin profile picture into a fork in the road.

>>29259159
Salty nocoiner fud.

All the elon fanboy faggots are only in doge anyways

no one gives a fuck about what this autist has to say, people already are holding heavy bags from doge, not /biz/ regular honest folk who didn't know better.

>just baghold for 2000 years bro

>>29259487
What exactly is he saying with the fork Avi?

Elon Musk is so rich, of course he has to be nihilistic. It does not mean you have to be too. Reminder that you don't own anything. You don't have $100 Billion stashed away like Musk does. You are just some poor nigger. Musk is not your friend. He wouldn't even look at you, because you are poor. People need to stop comparing themselves to these super wealthy aristocrats.

hi i’m high iq. since you used the word FUD in your post this subconsciously reveals your intention to FUDpost (probably because your life sucks) and this is why we (people with brain cells) can safely disregard your thread without thinking about it further

bye!

>>29259159
thanks i bought the dip

Fucking based Elon securing that healthy growth

based anon monitoring RHODL to keep the run nice and steady

>>29259159
He will probably get his profits in BTC soon. Wait for the dip.

Good. Normies stay out

>>29259159
how is this fudding crypto are you retarded? The joke of the video is comparing gold in prehistoric times to crypto, you're retarded OP

>>29260403
This
Say what you will but this guy can play a financial chart like a fucking violin. It's obviously going to bounce off 60, and now it will have nice sturdy support

>>29260013
paradigm shift

>woah based elon artificially pumping the price up NO CORRECTIONS WOOHOO
I've been reading this shit from you niggers for an entire month. Now you want to admit elon is the bad guy. You guys are ill.

>>29260663
this desu

>>29259159
whoever made that video needs to learn what the fuck money is. Jesus, even for a no-coiner, that's just pathetic. Gold isn't a fucking currency, it's hard money. Not because it's pretty and shiny, because it's easily tested for purity (verifiable), never corrodes or tarnishes (immutable), it gets harder and harder to find all the time (scarce), and it has intrinsic value, both in ancient times when it was used to make pottery and cutlary, because it doesn't tarnish and if you don't get sick from putting it in your mouth because it's chemically inert. And also in modern times, because it is the best conductor money can buy, it's used in high end electronics that require high throughput. (useful)

Bitcoin is verifiable, immutable, scarce, and it has the largest supercomputer cluster ever created securing its ledger. It's impossible to hack, and if it weren't, it would be cost more than you'd be able to steal, and you'd make more money mining it honestly if you had that kind of hardware. It's impossible to censor or change, and impossible to hyperinflate or manipulate on a macro scale.

Gold and Bitcoin are both hard money, not currencies. Learn the difference or die poor.

get rekt, fags. elon musk is now entering the next phase of his plan: FUD CRYPTO AND CRASH THE FUCKING MARKET. he is USING ALL OF YOU IDIOTS

>>29260165
>>29260663
>>29260889
These three meshed. Take out the dumb shyte. Add some of your own. And you got your answer, nigger.

>>29259159
what do you mean? this video is in support of bitcoin and making fun of people not adopting it, no?

>>29261315
This is actually an excellent post.

>>29261388
Yes, OP is just retarded and a faggot. Probably a nocoiner too.

>>29261388
No it's showing that being self-sustainable is worth more than any currency. Those are just beliefsystems.

>>29261465
it is really not

>>29259159
elon is making >140iq moves here. we are going too high too fast which is bad for long term (too much people with too much gains)

we need the dips and shakeouts in long term so we can go high

>>29260013
his profile picture is a metaphor for POINT OF NO RETURN

make a choice and stick with it

Obvious sign that he wants to drive the price down to buy more

>>29262048
also the clip is satire, don't take crypto too serious but in the end the 2 ridiculous persons with their 'stones' make bank.

>>29261558
Seeth harder no coiner

>"I think our stock price is kinda high right now.” September 2014
>“stock price is higher than we have [the] right to deserve.” July 2017
>"Tesla stock price is too high in my opinion." May 2020

Every time he does this he proceeds to burn the shorts.

>>29259159
It doesnt matter what he does or doesnt. Crypto is inevitable. Will he slow down the unstoppable train or speed up who knows. But on a long enough time scale his actions will be insignificant.

>>29259159
You can’t wear crypto around your neck though

>>29263226
u can tattoo ur private key around your neck you can

>>29262916
so your saying I can buy on the dip?

>>29259159
imagine paying attention to this narcissist.

>>29259487
>He even changed his bitcoin profile picture into a fork in the road.
He didn't. He had an anime girl pic for several days before the fork.

>>29261980
>thinking elon is high IQ
I know 140 isn't super high but Elon's probably more like 110.

>>29263379
the anime girl was on top of the bitcoin logo moron

>>29263329
Lmao do you even think before you post?

>>29263464
>the anime girl was on top of the bitcoin logo moron

Thank good. I was able to sell Bitcoin at 57k and got me some more when it dropped down to 55k. Elon is a god.

>>29259159
This video isn't fud... it's gently bagging out boomers for failing to recognise the future.

>>29259159
Please stop posting every single thing this guy tweets out. I really don't give a shit

>>29259159
Elon also said TSLA was expensive when it was like 1/4 of the current price. If he's saying it's expensive then that means we're going up, duhh

>>29260403
High IQ take, look at his history with fudding the stock in his own company. I think TSLA shares turned out alright.

>>29260663
MENTAL GYMNASTICS IN PRACTICE
VIDEO LITERALLY SHOWS A FAGGOT SHILLING GOLD BECAUSE HE OWNS A SHIT TON OF GOLD.
SAME AS BITCOIN WITH THESE FUCKING DISGUSTING SHILLS LIKE THE TWINS, POMP OR MAX KEISER OR WHATEVER THE FUCK HIS NAME IS.
IF YOU DONT HOLD AT LEAST 1000 BITCOIN, YOU ARE MENTALLY CHALLENGED CÚCKOLD FOR JOINING THIS SCAM. FACTS

>elon fud
bullish

>>29263524
You're hopeless. Maybe two people against you simultaneously will finally make you learn how to accept being wrong.

>>29259159
Kek I went to school with one of these lads. Good on em

>>29261315
there are actually smart ppl on biz huh lmao

>>29263447
From a 145-160 iq perspective someone with 130-145 looks like someone with 110 iq because they ignore the fact they are abnormal...

>fudding BTC just enough to spook his paperhands cult following and slow the growth so alts have time to flourish
bretty based
https://www.youtube.com/watch?v=p-mGXLgGqkY

>>29259159
I feel like the more he is trying the less relevant he is and market just won't react to his onions tweets anymore

we did the same with link for three years

I don't understand why people say this is a bubble. BTC has no intrinsic value. Therefore, it could be a million dollars tomorrow and it will still not be a bubble. There is no floor where we can measure it's median value.

There is no way to measure the value of this object except supply and demand.

We know that there is actually an infinite supply of currency right now because the governments of the world made it so. BTC could go up indefinitely without end.

>>29260013
buy tesla products or burn in the fires of global warming

Be greedy when others are fearful

>>29259159
Huh?
Speak for yourself you retarded no coiner.
Most of us here bought btc in 2015, at 300$ a coin u dumb nigger.
As well as having invested heavily in chainlink when it was trading at 2.54$ u absolute fucking brainlet.
Go kys, you have noone to blame but yourself for being a low IQ no coiner

>>29268473
Bitcoin is less useful as a currency because its obsolete, there are a number of other cryptos that do this job much faster and are actually untraceable, governments have been able to track btc transactions for a while which is why all silkmarket types and hackers have moved to monero

If you have a company and want to accept crypto you're much better off with a stablecoin since btc, eth or any non-stable coin could wreck your finances with one of its price swings. Say you take payments in btc, right now you would be losing customers because they dont want to spend their coins during a bubble. And every hacker group out there is going to be trying to hack your wallets because you're a visible target

And if you get a bust like the one after the ATH from a couple years ago then you're fucked, you lost like 5/6ths of the revenue you made before the crash if you're still holding the coins instead of fiat. Thats like retroactive bankruptcy, the kind of shit that happens in countries like mine but even here the currency dont go from 1 to 1/6 of it overnight

So why nobody is using stablecoins then? because you cant get rich quick with those, which shows the entire crypto scene is just a tulip mania, coins like btc and eth are only being used to speculate on the price and offload it to a bigger fool before the price crashes again

Frankly I wish some government uses a quantum computer and cracks the key already so this bullshit can end, but now that tesla and wall st. joined the party thats not gonna happen. Its known the chicom elite is behind the chinese miner operation

>>29269980
The main reason I never saw the appeal of crypto was that it had no backing other than trust and some barter stuff. Now it still isn't a currency, it's a stock people invest in, not realising it only has worth if you can sell it to other people. Atleast with shit like gold, it's a physical thing that has some actual value even if it's just for computer parts or wedding rings, I get the feeling the crash will hit people hard. I think monero will do fine, ETH will do fine, maybe a few others with actual functions, but I think if it crashes BTC won't get back up.

If this crashes BTC you fags deserve it for buying the ultimate no usecase shitcoin

>noooo please stop fudding

>Elon Musk says...

back to plebbit homosexual normie

>>29270242
If you put all that into Algo, you could stake that and live passively with $7,268 income a month.

Fucking autistic spaz.

>>29270026
>if it crashes
>based on trust
Buhahhahahhhahhaha, what an absolute retard
You just must be broke nigga, probably got 5$ to your name
Let me tell you, my initial 6k investment in btc has turned into a million, u mongrel, and selling just 2 of my coins will buy me a tesla, and a condo.
As well as having 10x my initial investment also on link chain
Not to mention, that trust is what ALL currencies are based on, since the first caveman traded in some fish for oral sex u absolute fucking loser.
>you will never be financially independent
Your the guy that keeps talking, and trying to find excuses for NOT ever acting.
Faggot

>>29261315
What is to stop btc from being pumped by a manipulated currency? Digital or otherwise?

>>29261315
screencapped

>>29270649
what does it matter when they are printing money like crazy? USD will be worthless soon.

>>29270737
Buy gold and silver

>>29270537
Until the market crashes.

>>29270649
If it's price gets inflated compared to the dollar, people will just stop using the dollar and will index the price of goods in BTC instead, then the BTCUSD rate ceases to be useful and now you'll only care how much BTC you need to buy a house/car/education/food etc.

>>29270737
This is my issue. Im well diversified but i dont trust the dollar at all. Hell its why i bought btc as a poorfag years ago. But i dont trust a soaring stock market, housing prices, guns and ammo, crypto booming and rampant fed printing.

>>29270665
>
post the screen cap for future plz ty

>>29261315
>BitCoin is immutable

>>29259159
can someone please chop his hands off?

>>29269980
>And if you get a bust like the one after the ATH from a couple years ago then you're fucked
Losing 5/6th of my revenues only to have them 10x again within the year would destroy my business?

>>29270767
Yeah, many boomers have tried to convince me. But if inflation is coming, debt might be the best bet, and pay it off in inflated currency

>>29260663

This. OP is a retard.

>>29259159
he's comparing bitcoin to gold before gold became the exclusive monetary base of the entire fucking world. how is this fud?

Remember when he said Tesla is overpriced and then it proceeded to 7x, yeah bullish

I’ve posted about this before, but Elon and I are Eskimo bros

>>29272101
Based

>>29272101
What does that mean, you banged Grimeth?

The world menace to twitter since Donald Drumpf!! Someone call the SEC!!!!

>7th century BC
>no one cares about gold
Whoever made that video is a retard. So is Elon.

>>29260354
>hi i’m high iq.
peak cringe

>>29271148
Buy gold then if you want zero growth. And try cleansing your mind of ancient tether fud

>>29259159
Elon is a cuck and your his simp.

>>29259159
Not fud at all.. Literally an allegory trying to say crypto is the next gold

>>29270570
He speaks true. Link is a good buy ETH is too but you and I both know BTC is a ponzi... yes ive got a couple of btc too but cmon...

>>29268473
Nothing has intrinsic value, dude. Everything is objective.
BTC is a bubble because it's the shittiest coin there is. No network effect is saving it when it gets regulated to hell and the transaction costs become prohibitively expensive to do anything.

>>29264520
crash the cryptocurrency market, no survivors.

>>29272555
And so any multi million dollar painting... but is anyone questioning it? Using that logic gold is useless but humans deem it gas having value. So bubble... welcome to crypto. We hold our banks in our wallet. Try n do that to to a picasso or a 13 million dollar house? Being mobile has a lot of value. A ulti million dollar picsso cant do borderless travel. Too much liability. You cant transpo your multi mill house either. This aside, ETH, if your bright and can see what the holds, is bar none the best buy. Eth is Btc at 2k, boosted with the fckin potential to eat the 1.4 Quadrillion dollar derivatives market. Yes, thats a real number... I want want that to sink in for a minute...

>>29260013
He's gonna fork BTC

>>29273214
He'll get wacked by the BTC mafia if he tried...

>>29272415
I want to believe, i dont even need the money thanks to a lolbertarian lifestyle of self reliance. But fuck me if every asset isnt booming. If there is this much free money then debt is the way to go. Buy a car or house or business or land. Something big, relative of course

>>29262359
why isn't sec throwing the book at this faggot