/biz/ - Business & Finance

Today's 6% rally was entirely driven by fake news. Seriously. Segwit2X is not driving this up. Cut your longs.

https://medium.com/@rleshner/when-bitcoin-fakenews-prods-reality-10ae726d7bff

>>3811016
Yeah well I already sold out, high. To you people, the normies.

So I'm not really fucking concerned what you people do with my money anymore.

>>3811016
HAHAHHAHAHAHHAHHAHHAHAHHAHAHABBABABABHAHAHAHHAHAHAHhhHhh

OP IS SUCH A HUGE FAGGOT.

>>3811016
>harvard professor

hes a jew, isnt he?

>>3811016
Collapse of everything is inevitable

Doesn’t mean I can’t get rch in the meantime

Comfy short at 4800

literally thousands of people have

>>3811016
>2013
>ITS GONNA CRASH
>2014
>HOLY FUCK BITCOIN IS DONE FOR!
>2015
There's no way bitcoin will ever come back up
>2017
HOLY FUCK ITS GONNA CRASH AND BURN

>>3811016

He's not wrong though, why do you think every person that is reputable is saying that Bitcoin is worse than tulip bulbs? Because it's a shitcoin in disguise, it only got a pass because it was the fucking first coin and currently has the highest liquidity.

>>3811016
Nice, just sold you 100k

>>3811088
Nice myth Faggot. https://www.smithsonianmag.com/history/there-never-was-real-tulip-fever-180964915/

>>3811064
Jew confirmed. Wow

hes also part of the federal reserve

>>3811016
What do economists know about bitcoin?

>>3811029
wtf i hate btc now

>>3811109
THE SMOKING GUN

>>3811106

Fake news

>>3811106
You're a stupid cunt, aren't you. Did you even read the article?

>In fact, “There weren’t that many people involved and the economic repercussions were pretty minor,” Goldgar says. “I couldn’t find anybody that went bankrupt. If there had been really a wholesale destruction of the economy as the myth suggests, that would’ve been a much harder thing to face.”

>That’s not to say that everything about the story is wrong; merchants really did engage in a frantic tulip trade, and they paid incredibly high prices for some bulbs. And when a number of buyers announced they couldn’t pay the high price previously agreed upon, the market did fall apart and cause a small crisis—but only because it undermined social expectations.

----

Ok, so the tulip bubble did happen, it just didn't destroy the economy.

>>3811111
witnessed. looks pretty wedgy on the daily tho

>>3811110
economist here, what would you like me to start

>>3811111
SELLSELL SELL SHORT SHORT SHORT

>>3811088
Jews are afraid of Bitcoin so they try to FUD it. Soon they'll have it banned. Get while the getting is good then get out.

>>3811016
How bout I collapse his asshole by kicking his ass

>'this is the end of bitcoins campaign' says incresingly nervous jewish professor who works for the FED

>>3811138
>jewish

>2004: Council on Foreign Relations
>Economic Advisory Panel of the Federal Reserve.
>National Academy of Sciences
>American Academy of Arts and Sciences
>2008: Group of Thirty. (influencial world changing group)

Hmmm makes you think

this faggot

>>3811335
cute desu

>>3811016
JUST SAYIN IF HE WAS REALLY GOOD AT ECONOMICS HE WOULDN'T BE WORKING AT HARVARD

>>3811016
>Implying some guy that went to school knows anything about making money
AHAHAHAHA
College is a scam and a poor investment.

>>3811109
COLOUR ME SURPRISED

>>3811571
that's a fact btw, i always pity those economist pieces of shit. if they were any good at understanding the market theory they would have a made a shitload of sheckels instead of teaching about the different school of economic thoughts. now it's pretty clear that they are assblasted about a bunch of NEET autists making more money than them without leaving their own rooms and attending the ponzi scam which is college

>>3811016
this fucking cunt lives up the road from me, a friend of mine teaches at harvard in the science department and told me a story of the dude being a total fucking prick to students

>>3811752
Shit in his mailbox

>>3811109

GOLLY GEE WILIKERS. IT'S WEIRD THE FEDERAL RESERVE DON'T LIKE CRYPTO.

>>3811016
BTC IS GOING TO -6 GORILLION, MR NAKAMOTO SUED BY THE FED FOR 30 GASILLION PER SATOSHI MINED SINCE 2008 OY VEYYYYYYY

God I would get so much tail if I was a professor. Id fuck every single student and give them all A's

>>3811187
This, simply jewish fud. Also I am losing faith in these "trustworthy institutions". If a Hardvard economics professor doesn't see how revolutionary bitcoin is they are straight up deluded

I heard when you start mining you need to download the blockchain including every single transaction. how long does that take?

>>3811111
Don't think it was fake news, some whale about like 2.5k BTC and normies didn't want to be left behind, so it created a buy wave

>>3811539
>believing old farts understand the tech sector

>>3812082
Seven tomatoes.

>>3812013
He's an advocate of removing all cash from existence so the government will have a better ability to monitor and control all financial transactions. He absolutely detests cryptocurrency, for obvious reasons.

>>3811109
/pol/ was right again

>>3811109
if bitcoin is kill and ripple/ethereum rises to the top, it's all over for crypto

>>3811109
>hes also part of the federal reserve

Bitcoin is unironically one of the worst cryptocoins.

Why people invest in this one is beyond me.

>>3813135

Says the absolute fucking retard who first learned about crypto this year but thinks he knows anything at all

>>3812588
Why?

>>3811088
>reputable
you spelled dirty kikes wrong

>>3811016
already made me rich. you are wrong. and salty because you are probably poor..enjoy your shithouse
life faggot

>>3811016
>Kenneth (((Rogoff)))

sure thing

>>3813220
totally this. nocoiners and newfags just fucking mad as fuck because they are so dumb and poorly read they were late to the game. you do have to feel sorry for them imo.

>>3811016
your textbook corporate jew

>>3811029
>https://medium.com/@rleshner/when-bitcoin-fakenews-prods-reality-10ae726d7bff

>source: news.hodlhodl.com

my fucking sides

kikes are gonna keep fudding till they're happy with the price they bought in at.

Fucking disgusting creatures.

>>3813685
>kikes are gonna keep fudding till they're happy with the price they bought in at.
shouldn't you be thankful for this swings? sell high buy low make dough
if btc becomes widely adopted it will move like 5% a month just like all other normie markets

>>3811109
EVERY
FUCKING
TIME

>>3811109
And the IMF. Keynesian motherfuckers should all burn

oi vey delete this. bitcoin is literally another shoah

its going up right now.

you need to post this fuckin professors opinion at the right time dumbass.

>>3811109
IMAGINE MY SHAWCK!!

>>3811016
>goes down
>doesn't tell in which timeframe
>opinion discarded

>>3813752

>>3811016

>>3811187

Why would I get out when that will make it even more valuable since it's harder to get? Always do the opposite of what Jews say.

>finance experts

>>3811187

When has banning something ever made its price fall?

>>3811016
>DID YOU REALLY THINK YOU COULD GET RICH BY DOING NO REAL WORK? ARE YOU STUPID? GET OUT NOW.

Lol this is what nocoiner dementia looks like.

>"Oh no, they are getting rich while I wagecuck!! this can't beee!

>>3811016
But if it collapses people buy it to get rich.....

>The professor has predicted that Bitcoin will eventually collapse, but has given no time frame for this to occur. Hence it is impossible for him to be proven wrong, even if each Bitcoin becomes worth a million dollars, as it might still eventually collapse. Analysts who work in the real world (as opposed to theoreticians) have to make time-bound predictions. There is a lot of difference between an asset's price doubling in two years and doubling in twenty years.

>>3811109
WELL IMAGINE MY SHOCK

>>3814808
It's really funny because there's no hopping back on the boat now.

>>3811016
stop believing everything you read on the internet you stupid nigger

>>3813743
5% a month would be huge growth for a normie market. Youd double your money in just under 2 years. Maybe 5% a year.

>>3813220
This

>>3814980
it says move not grow

>>3814830
It's crashed before, it'll crash again goyim. Don't buy Bitcoin.

https://youtu.be/XbZ8zDpX2Mg

>>3812013
>"trustworthy institutions"
A worthy point, and it cannot be repeated enough. Harvard provably discriminates against asians and whites while jews are overrepresented in admissions. Just a few months ago some Harvard student was accepted by posting a mixtape. Guess the race of the kid.

It's senseless to be in crypto without a healthy dose of skepticism against government, media and universities.

>some baby boomer jew working for a liberal indoc center thinks he knows anything about bitcoin

Color

Me

Surprised

>>3815289
there just turned you into a nigger

>>3811109
SHUT IT DOWN!! IT'S ANNUDA SHOA!!!

>>3815154
You right, my bad.

>>3814740
(((Hiltzik)))

>>3814786
if (((they))) really want they can set up an emp on us and blame ISIS. i hope yall niggas keep your trezors in a faraday cage.

>>3811016
>Harvard
>Teaches Marxism
>Warns people about business futures

Just bought 100k.

>>3815884
Assuming trezors work the same way as nanos, it doesn't matter if it gets destroyed. As long as you have the recovery seed.

>>3811111
behold the quints.

>>3811109

The eternal jew strikes again

>>3811109

>>3777777

>>3811016
>Remember Professor Bitcorn?
Comparisons with predictions made by another professor, Mark Williams, will be inevitable. Mark William was dubbed "Professor Bitcorn" after he bravely predicted in December 2013 that Bitcoins would be worth less than $10 by mid-2014. When Bitcoin remained at over $600 in June 2014, he remained defiant and stated that time would vindicate his prediction. By refusing to specify a time frame for his projection, Ken Rogoff has at least avoided Mark Williams' fate.
LOLOLOLOLOLOLOL

>>3811109
Fucking kikes. Glad we got rid of most of em

>>3815983
>Tfw I had this guy as a professor in 2015 and knew nothing about this or bitcoin at the time.
He was actually pretty intelligent. He was obsessed with the 2008 financial crisis, kinda got boring.

>>3811016
>worked at the IMF
>echoes Jamie "fudbuyer" Dimon's arguments
>thinks "muh gubbermend" can stop decentralization
>refuses to specify a timeframe for his nostradamus predicted collapse

AAAAAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
*inhales*
BWAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAAAAAAA

>>3811187
In hindsight,
>>3807763

Bitcoin is worth $80 billion right now.

Think about that.

Do you not think there are these two classes of people involved now?
> 1) Rich people paying for / spreading FUD in order to buy cheaper
> 2) Rich people paying to ensure news and hype keep value in the system

Bitcoin isn't going ANYWHERE until after most exchanges stop using it as an index coin. Period.

>>3812588
2x much

>>3811735
its so obvious, but people for some reason think its a arrogant point of view.
i went to a business college, and all it is, is learning international terminology for simple concepts.

>>3811201
HE POISONED EVERY FUCKING IMPORTANT SECTOR

"Harvard Professor" doesn't bear any authority or meaning anymore sadly.

>>3811016
>DID YOU REALLY THINK YOU COULD GET RICH BY DOING NO REAL WORK?

So I guess you cannot get rich by trading stocks?

>>3811109

Shlomo is accumulating.

>>3815997
The only way to fuck over jews is to become the jew.

brb, setting buy order for $0.01. I'm going to be rich!

How many times have we heard this now and since how long ago?

See you at 10k$, nocoiners.

>>3811085
its more likely to get ((((regulated)))) by the very corrupt systems its supposed to replace.

Have an exit plan, you cannot expect a wild west market of infinite shitcoins that have no value outside of pump/dump to go on forever.

>>3811016
>DID YOU REALLY THINK YOU COULD GET RICH BY DOING NO REAL WORK? ARE YOU STUPID? GET OUT NOW.
Bernie?

>>3811016
You guys once again offer proof of your retardedness.

Kenneth Rogoff is the guy who wrote The Curse of Cash and how we SHOULD get rid of cash so the goberment can lower corruption. Of course this dickhead is going to hate on any decentralized, anonymous form of value.

Seriously fuck this guy.

>>3811016
"Ken Rogoff's arguments for Bitcoin's eventual collapse seem to echo Jamie Dimon's views"

the article also said that it basically will only collapse if the government decides to jail any holder.

waste of time

>>3811109
Really Makes You Think ~

>>3811016
>DID YOU REALLY THINK YOU COULD GET RICH BY DOING NO REAL WORK?

Like ever CEO, Actor, Hedge fund manager, etc, etc etc etc etc.

>>3811016
Only psychology professors know what Bitcoin can and can not do

>>3811109
really spins my dreidel

>It's the weekly crypto is dead thread