/biz/ - Business & Finance

>>50315023
Boy (((newspapers))) love to dunk on btc any chance they get.

The fat lady hasn't sung yet. The show has just begun.

>>50315065
Agreed, you cant stop corn's network.
Bitcoin will only become more scarce. +17m is held on wallets of the 19m coins in circulation.

The show has, indeed, just begun

>>50315023
Hahahaha fucking hell it's so funny. It's just a demoralising schadenfreude machine. That's all it is. Everywhere. They want you desperately to follow the news so you can keep up with what side of the line the stand on, and what side you point and laugh at. Jesus christ. It's so disgusting. At EVERY turn.

>>50315250
I hate the New York Times so much. It’s the worst media publication in the US.

>>50315023
>moved the nation closer to default
ah yes, it was bitcoin and not the slow strangulation of the fed/imf debt complex

>all the deluded coinfags trying to deflect because they made the same retarded decision of buying bitcoin at its peak only to watch it plummet
poor seething bitcoinkeks lmao

>>50315206
just because something is scarce, doesn't mean that it's valuable

>>50315435
diamonds
oil
gold

all victims to false scarcity

>Literal Dictator adopt Bitcoin as National Currency
>This somehow doesn't prove it to just a tool for bad faith actors

Crypto bros are delusional at best

>>50315377
Didn't bitcoin shills promise to bypass fed and imf?
You're so full of shit that it's prime time entertainment for mentally healthy investors.
https://www.youtube.com/watch?v=lVuJl-U2ho0

>>50315490
Scarcity does not make things valuable by default.
You need sustainable demand, which bitcoin failed miserably with literal cult shit.

>>50315490
The items you listed have practical uses. They are not Monopoly money.

>>50315023
It’s dumping for exactly that reason. The globalists can’t allow people to ditch their shitty fiat.

>>50315023
most every currency in SA is down.
I think argies have a 50% yearly inflation rate kek

>>50315576
everyone here wants more bitcoin. they want bitcoin but they are afraid they wont get enough of it or the price will drop more and they couldve got more. that is demand my dear fellow.

>>50315023
>moved nation closer to default
still waiting on Japan and US to go first

>>50315023
>Jew York Times

>>50315065
funny, (((cnbc))) pumps it non-stop

>>50316078
no, I want STOCKS

>>50315624
useful diamonds, like the ones used for cutting, aren't valuable at all
oil is the most useful substance in history
gold would be more useful, were it less scarce, but as it is, still the best store of value in human history

I like how they waited for the heart of the bear market to start the shit flinging articles

In two years he will look like a genius provided he survives

>>50315023
>isn't paying off
For now

>>50315023
>the jews tol me
they bought at 17000 where is the price now?
that is all you need to know

>>50315023
Lol. Lmao even.

>>50315065
Delusional.

>>50315490
Oil and gold sre in actual scarcity. There are twenty thousand alt coins. You are a retard.

I'm just glad I'm starting to see crypto retards get btfo int threads now by people with common sense.

>>50320702
>17000
you wish nayib
https://nayibtracker.com/

>>50316078
bitcoin has no modern use case

>>50315435
>what is stock to flow ratio

>>50321106
it does for international settlements

>>50321131
>lol
>lmao, even

>>50315065
you have lost your money. the actual money you purchased a row on a database for.

>>50315417
Does NYT actually pay you or are you an actual retarded boomer?

>>50315023
IMF dabbing on childish libertarians and zoomers getting sucked into scams.
you people are a circus.

>>50320384
....yeah ,or not.

keep holding onto your bags you fucking retard

>>50321131
which are already done cheaply and instantly.
You zoomers have NO IDEA how to justify the scam shit you have bought, with, actual money

>>50321106
there is.

>>50321273
how much of this garbage do you own son?
god you are sweaty

>>50318207
>frantically checks whether my country is in the list
whew, we're in the clear lads.

>>50321306
Okay, name it

>>50321285
Fuck off IMF shill

You know nothing about Bitcoin if you don’t understand it works in 2 year bear/bull cycles. This is going to be my 4th cycle, you probably just came around in 2019 or something.

>THIS time, it will be different!

>>50321343
why are you still poor

>>50321299
>already done cheaply and instantly
Not so in countries with heavy handed rule. Also not true during politically charged times. See: Argentina, Russia.

god all the hate that can be read here is so pathetic. why do you all try to convince some bots or npcs. just believe what youcan believe and follow your own guidance. you can not save any body who does not want it from his heart.

>>50321299
not when you live in a craphole like me. it's a pain to get international payments and no i don't like to pay 5-10 dollars in fees just to get my crappy chinese bootlegs.

>>50315023
that's just jews. Meanwhile BIS says it's cool for central banks to hold BTC on their balance sheet. https://www.zerohedge.com/crypto/bis-allow-member-banks-hold-1-their-reserves-bitcoin

>>50315065
>Any chance
El Salvador is literally sitting on a loss right now retard.

>>50321147
you can't use xrp on nations with capital controls since you can't mine it, thus it's irrelevant since it lacks liqudiity where it's the most needed.

>>50321299
half the world lives under capital control retards yea it's easy to send a payment via paypal, and it's easy to send sepa wires in the eu.

But try to send 10k usd from one country to the next it's a pain in the ass with absurd fees and unfair exchange rates.

>>50321469
>you can't use xrp on nations with capital controls since you can't mine it, thus it's irrelevant since it lacks liqudiity where it's the most needed.
you have ABSOLUTELY no idea what you're talking about, name the nation you're referring to

>>50321343
you are repeating the same thing people who sold out of their bags to you say.
You are a zombie repeating the lines your captors fed you.
you are just a straight out dumb cunt

>>50321401
...and El Salvador?

ahahahahahahahahhaa

>>50321469
don't take financial advice from children, especially children from BROWN COUNTRIES

>>50321529
what's with the salt. it sounds like you took a big L in the crypto casino lately.

What is stopping the fed from just criminalizing Bitcoin, and any proceeds gained from trading it, and implementing their own state backed Bitcoin

>>50321522
argentina
venezuela
soon turkey
china
soon the entirety of the eu
russia
ukraine
soon chile

it's simple, you are in venezuela and want to send a payment to the usa?Banks don't work, credit cards don't work, only option is crypto, want to use xrp?Local exchanges don't have it.

Only proof of work coins exist in nations with capital controls because local miners can obtain them and sell them at a higher price than at international exchanges.

ETH is probably the only pos coin that will be able to do this due to pow creating liquidity everywhere but after a decade or two it will centralize.

>>50321536
El Salvador uses usd as a currency but they have no saying in the usd emission, the usa is at the end of the debt cycle like in 1942-1951, they will need to do yield curve control and inflation to reduce the debt to gdp.

El Salvador will be safe and thrive on that enviroment, Ecuador uses also dollar but they will be ultra fucked once the usa starts YCC.

you laugh at el salvador but Nayib is probably one of the smartest leaders in the present, he is frontrunning events that are unfolding hence why his popularity is at an all time high.

>>50321625
p2p trading, you can mark any payment as consulting services, that's basically how it's done in nations with capital controls when it's not done using cash.

Go to your bank send a payment to a p2p seller as a "consulting service", get btc.

it would completely evaporate any regulatory power hence why they choose regulation over repression, as regulation gives them more policing power.

>>50321642
>argentina
>venezuela
>soon turkey
>china
>soon the entirety of the eu
>russia
>ukraine
>soon chile
>
>it's simple, you are in venezuela and want to send a payment to the usa?Banks don't work, credit cards don't work, only option is crypto, want to use xrp?Local exchanges don't have it.
oh anon....if only you knew how expansive XRP is

>>50321677
it's not about being faster or cheaper clown it's about liqudity.

If you are under capital controls xrp liqudiity can only be obtained at international exchanges, but you can't get to those exchanges due to the capital controls.

PoW coins on the other side allows to transform kilowats into crypto hence why bitcoin, ethereum and litecoin are everywhere.

Litecoin is the perfect example of this despite not being used for speculation as much it's everywhere even on p2p markets.

>>50315023
>>50321677
Honestly switching all my gains to XRP and QOM bags made me accumulate enough money to get out of the shithole that is latam. The good thing is that 1usd is equal to a week's worth of a wage over here, so it wont be long before i can safely move out

>>50321677
everyone that i knew who knew xrp got into it because of the low fees then promptly dumped it when they realized how shady the whole thing is.

>>50321803
>backed by many many banks
>shady
how so?

>>50321529
Shut the fuck up IMF dicksucker. Tell your supervisor I said he’s a faggot just like you.

>>50321599
Investing all my life. Something about being told by puffy haired faggots that this bubble isn't a bubble, that its the new gold, that im old, that i dont understand, kinda brings a smile to the face when the whole thing comes crashing down as anyone who isn't blinded by greed can clearly see.

Stay poor you lazy stupid fucks. When you come to me for rent forgiveness it will be a no.

>>50321969
keep losing. you'll get rich SOME DAY i'm sure.
just keep repeating the memes.

>>50315023
I was really rooting for them.

>>50322036
there's clearly a lot of hype and fud on both sides of the aisle. i'm a /biz/ tourist and i don't really "invest" on anything per se. i own some bitcoin mostly because i'm fascinated by the tech and it makes spending online easy for a third-worlder like me.

>>50315023
Definition of buying the top, only problem is it wasn't his money but the people's money. I'm surprised they aren't in full revolt.

>>50322410

It's not like El Salvador was in a great situation before he blew a bunch of cash on BTC.

>>50315023
>isn't laying off
>hasn't even been a year
LMFAO these faggots have a shit attention span

>>50322451
Faggot phone
*paying

>>50321642
Acting like they can't shutdown crypto as easily. They easily ban exchanges as well as wallets. I imagine that XMR would be the only one worth using if I were in that situation. Still, stop lying Pajeet. Your brown is apparent. You're all poor third worlders trying to spin a profit off stupid zoomers. When you say, "WAGMI!", you mean that you're going to make the equivalent of like 100k USD which is enough to "make it" as a brown. At the end of the day, it's a useless ponzi meant to funnel money from the first world to poojeets. Go fucking starve already.

>>50321529
Yep, "IMF shill, Jew, BOOMER..." These losers are GME tier schizo at this point. "What should I do? Work a job and invest in BOOMER stocks, JEW?! psssshh, like that ever worked! Oh, a world without electricity? Like I'd just kill myself at that point. 100k EOY waiting room! Do the thankful, sirs!"

This ponzi needs to die FASTER. Is there any way for me to short crypto or put more pressure on these losers? I want to see them relegated to history books as the biggest losers of all time. You think the Tulip boom was a scam? At least you got a flower. Here you get a hot GPU and some happy Pajeet "making it" off 5k USD. It's fucking pathetic.

>>50321409
You've got a point- it's become a religion for the hopeless and poor at this point. I'm fine with them being wastrels and pumping "Le Jews" pockets more (albeit they think they're powning the Jew despite the banks using it as a tax on the poor), what I'm not ok with is them fucking spamming retard "WATING ROOM BOBO SHOULDVE SOLD YOU STILL THERE MUMU WAITING ROOM!" retard threads. It's like the GME tier HODL shit where they act like it's some fun religions org that they're part of while under the delusion that they're going to rug pull the other at some point. Needs to fucking end already.

>>50321343
YOU J-j-j-JEW! You know nothing! MY KEYS MY COIN! YOU"LL NEVER TAKE IT FROM ME JEW! I KNOW YOU WANT IT! d-d-don't you want it? COME TAKE IT...why aren't you coming to take it? Ok, I'd like to exchange it back to USD...oh...no one wants it? b-b-but boom/bust? BOBO! do the thankful, sirs? Le pown ze jews?

Absolute schizo tier loser shit. This is GME tier.

>>50321529
You are repeating the same lines we hear every bear cycle

>>50315023
That is what differientiate smart investors from poor fags.

Never gamble with your own money, always gamble with your client (for banks) or voters (for governments) money.

Run away if it fails, reap the reward if it works.

No strings attached.

>>50322053
>10 posts by this id
I hope to god you’re being paid for all this , otherwise i feel sorry for your parents having to deal with a negative iq nigger like you

>>50322822
High enough of an IQ to avoid a ponzi scheme shilled by pathetic anti-semites. Stay poor.

>>50315065

> we are still early, heaps of people haven't even heard of bitcoin says increasingly nervous man for the 6th time this year.

>>50322926
Poor wagie rants to friends about "investment opportunity in digital assets!"

Benjamin Roth (banker) is very happy to give you a loan and also believes crypto is the future! (he says cracking a smile)

Said poor wagie at home gaming on Discord, "yeah guys, and 100k EOY. Stupid Boomers and Jews didn't see it coming. Imagine being a retard and thinking you have to work to make it. We're all going to be rich! OUR KEYS OUR COIN! THEY ALL WANT OUR COINS!"

Rajeet in India, "Sirs, I believe I have made it from scamming the zoomers of 4k. I now have enough to retire with no washroom. We all made it, sirs. Pepe thankful style :)"

>>50315065
>The show has just begun.
Yep. 20k is still too expensive for some dumb ass chain of databases.

this retard from el salvador could have made his own coin and been a trillionaire and getting wealthier every day with a shitcoin currency of their own

instead they decided to invest in BITCOIN a overinflated piece of shit worth hundreds of billions already

maybe the worst move in human history he would be the wealthiest man on earth if he made his own shit coin and premined it

>>50315023
>A Poor Country
American journalists are fucking shameless.

>>50315023
El Salvador is the next Sri Lanka

>>50323148
oh yeah that would have been smart

>>50322912
GIVE ME BACK MY FORESKIN U FUCK

>>50323322
Didn't you hear? Buying crypto will buy you your foreskin back. It's the only way to pown the Boomers AND Jews simultaneously while never working a day in your life. Sounds too good to be true? That's IMF low IQ thought. High IQ knows that crypto is the future and is definitely not a useless ponzi scheme that rajeet tries to shill as the solution to everything.

Depression? Crypto. Horrible gf? Crypto. Poor? Crypto. Rich? Crypto. Scalability issues with crypto? Crypto. Any future issue such as quantum computing, etc? Crypto.

Now do needfuls and defeat Jew by giving brown hands your zoomer bucks.

>>50323148
shitcoin marketcaps have only a nominal high value, there's nowhere near enough liquidity to cash out the numbers you're seeing on paper. these things also do not pump unless someone makes them pump, which means pumping one's own bags, which is typically zero sum and often ends up a loss. if others have bought your coin, they will just cash out at your expense. nayib's purchases of bitcoin are mostly symbolic. the volcano mining is more meaningful
>>50323357
do us a favor and go back to whatever worthless community you're visiting from

>>50323414
no it sounds like you have 6 IQ

if a country makes a new shitcoin their official currency and bans other forms of currency that currency will automatically go to the moon because the el salvador citizens will be forced to use it

and cause the rest of the world to buy in too because its more stable than other shitcoins that have mooned for doing a lot less than being a nations official currency

he would have made his whole country rich by just premining a shit coin called el salvador coin but he decided to buy into a established coin to his countries detriment

>>50322676
>>50322701
>>50322912
>>50322962
>>50323357
damn, jews can be schizos too

>>50323438
you have no idea how markets work
>automatically go to the moon because the el salvador citizens will be forced to use it
they are completely destitute
>the rest of the world will buy in too because its more stable
lol
>shitcoins that have mooned for doing a lot less than being a nations official currency
you have no idea how or why dogcoins mooned and why that can't be replicated just by minting a shitcoin

>>50323463
bro just because its a poor country doesnt mean they dont have a capitalistic system with human beings working there

even if the coins are cheap initially the fact that they are forced to use it gives it a baseline value that crypto investors will take notice of

>just by minting a shitcoin

youre not youre creating a nationwide currency its different than just a random jackass minting a scam coin when you have 6.5 million people backing it

>>50323731
>its different than just a random jackass minting a scam coin when you have 6.5 million people backing it
all the more reason for it NOT to pump, scamcoins only pump because a very small group of people control almost the entire supply, so they can pump it themselves with minimal loss. if they are lucky they are able to scam their way into enough fake hype to lure in a retarded whale or fund, at which point they then dump to steal the whale's money. liquidity is always low, supply is always concentrated, this is not how a national currency works. what you're imagining is just a cbdc, which isn't going to pump just on the merit of being a country's digital currency. if that were the case people would be ecstatic for the digital yuan, but they're not

is it true if korean women go in the sun they melt

As someone who got addicted to sports gambling, crypto sounds a whole lot like my previous addiction. I'm a nocoin Chad

>>50322926
Did you think these bitches capitulated and sold at a loss yet?

>>50324155
Their boyfriends did it for them

>>50324085
It’s just like gambling when you leverage trade on the daily. I just buy the dips on projects I think have the potential to be valuable (utility tokens) and go long on all my trades. I’m more like a sports fan than a sports gambler because I fall in love with the projects

>>50315023
This is just the beginning, low caps like lox network are working to combat the problem of mobile theft.

>>50315490
>diamonds
used for extrem strong sawblades
>oil
used for most of the energy our modern society relies on
>gold
used for transmitter and chips

>bitcoin
used to dump on retarded normies still thinking they are early

One is not like the others...

>>50316078
I dumped 15 btc last year and bought dividend paying stocks, so i'm set for live now. I get enough dividends to live from them. That was my plan from the start, that was the only reason i invested into crypto 6 years ago.

>>50324155
No one is booking any loss, just keep on holding.
>>50324305
I think I have read about this in a London magazine

>>50324310
if gold and diamond were valued solely according to industrial demand, their pricing would be much lower. diamonds especially only carry a premium for large carat stones, low carat diamond is extremely common.

oil is much more abundant than it is made out to be. the supply is controlled by a cartel that turns the tap on and off as they wish

>>50324340
I heard about this one after the Hurrian network airdrop. are they dropping their NFT collection too.

>>50321131
We have paypal, visa, sepa, etc for that. You dont need a decentralized slow and expensive network if you dont want to buy drugs or launder money.

>>50324336
That's my plan too if crypto rises again.

>>50321343
1st cycle: 2009-2013
2nd cycle 2014-2018
3rd cycle 2019-2023
4rd cycle ????

yeah okay retard. you dont know shit.

>>50324305
will they be deploying tag and trace technology too?

>>50315023
>3rd world country
>having money every
lmao what a pipedream at least it gave them hope for a short while

>>50315023
El Bagholdador

TOP KEK

>>50324352
They would still be far more valuable than bitcoin without the speculation. The prices of those commodities are way nearer fundamentals than btc.

>>50324401
i think we will still have one more cycle with a slightly higher top or double top at 69k. So x1 to x1.5 from old ath, in 2021 we did x3.2 from old ath, in 2017 we did x20 from old ath. Diminishing returns, one more cycle left. Use it wisely, once we dont make parabolic moves again all the speculation money will go away and bitcoin will be 100$ again.

>>50315023
bros pls tell me el salvador is going to keep buying the dip and wagmi? pls

>>50324576
wgmi retard

>>50315023
>they oust him
>panic and sell buttcorn at the bottom
>it mega sends right after

>>50323866
bro im not saying it would even be in the top 10 coins or 20 coins

im saying for their countries size the currency would help their people rather than hurt it like its doing now

youre a fucking moron if u cant see that even if its a top 50 coin it would still be better than what they have with bitcoin transaction fees and all the rest

Should have invested that money into niggers like the civilized world

>>50315023
that sash isn't really working.
he needs more medals and a bird on his head.

>>50321821
It's not backed by banks, it's controlled by them. That means any country which isn't playing by kike western bank rules gets shut off, and that's why xrp is rare in the previously mentioned countries.

>>50328805
anon....who do you think runs things

>>50315023
>Currency down 60% since the top
>Neighboring countries have 300% hyper inflation
>They're somehow the idiots

>>50328892
Banks are parasitic entities

bitcoin will unironically hit 1M within our lifetime