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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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>> No.13212294

Pastebin or GTFO faggot

>> No.13212328

>>13212294
This. I’m starting to think this gaggot is unironically shilling his article here

>> No.13212351

>>13212211
Lol someone’s salty.

>> No.13212370

>>13212211

Should really stop posting this article here. It's fucking horrible, the article is 100% pure cope and the author is a quintessential no-coiner. Not worth anyone's time.

>> No.13212406
File: 105 KB, 1200x800, matt_novak.jpg [View same] [iqdb] [saucenao] [google]
13212406

Bitcoin, the most popular cryptocurrency in the world, jumped to a four-month high overnight, briefly breaching $5,000 on the Bitstamp exchange. Bitcoin is up roughly 15% on the day and traders are excited because it really seems like nobody learned their lesson during the last cryptocurrency bubble.

As CNBC notes, “The reason for the sudden price jump wasn’t immediately clear.” And it would all be pretty funny if it wasn’t so sad.

Bitcoin hit a record high of $19,783.06 in December of 2017 after months of hype in the popular press. Plenty of people got in when the cryptocurrency was expensive, and smart people cashed out, leaving average folks with huge losses. By December of 2018, Bitcoin had bottomed out at about $3,400. But it looks like speculators might ride the rollercoaster again.

>> No.13212413

To be clear, Bitcoin is absolutely worthless by any real measure. It’s fake money that’s about as practical to use in the real world as Monopoly bills. Bitcoin is backed by nothing and requires tremendous amounts of energy to mine using computers. As it becomes more difficult to mine, it saps more and more energy, causing millions of tons of carbon dioxide to be pumped into the atmosphere and accelerating climate change. Bitcoin is little more than a speculator’s death cult at this point.

Bitcoin is so rife with scam artists that Google and Facebook banned cryptocurrency advertisements on their platforms last year. Facebook said it had taken the action because cryptocurrencies were, “frequently associated with misleading or deceptive promotional practices.”

There’s also the problem of protecting the money of people who buy into an exchange where the founder dies and $180 million just disappears into thin air. Or the problem of $224 million getting swiped because someone hacked your phone.

But that hasn’t stopped people from buying heavily into the cryptocurrency scam, even as smaller cryptocurrencies have shriveled to nothing.

“Bitcoin has been trading range bound for a while now and shaking off some of the negative sentiment that it accrued in 2018,” Charles Hayter of the digital currency comparison firm CryptoCompare, told CNBC today. And you can say that again. But perhaps some of that “negative sentiment” was well earned.

Humans never learn, but I’m not here to tell you how to spend your money. Do whatever makes you happy. I’m sure this time will be different, right?

>> No.13213449

>>13212406
>>13212413
so like, half of what he says is just wrong?
This is why I never trust journalists when they talk about something I don't know a lot about

>> No.13213684

>>13213449
Yep, this is a bullish signal. Fudding with bullshit info to lower the price so that the author can buy in at lower price.

>> No.13213722

>>13212211
Lmfao aka matt novak sold/shorted the bottom

>> No.13213743

>>13212211
>far left website writing anti-crypto propaganda
how shocking

>> No.13213775

>>13212406
What is it about these smug little faggots' appearances that trigger homicidal rage in me? Instinctively, I want to beat the living fuck out of that thing, lay on top of it when its unable to move any more, cum straight up its ass and then break its neck.

Yeah I'm triggered, triggered as fuck

>> No.13213809

>>13212413
>Goyim never learn, but I’m not here to tell you goys how to spend your money. Do whatever makes you happy. I’m sure this time will be different, right goyim?

I hate how I can detect kikes and kikery in everything, even pasta

>> No.13213858
File: 270 KB, 1080x1065, IMG_20190404_045908.jpg [View same] [iqdb] [saucenao] [google]
13213858

>BTC is fake money not backed by anything, just use USD which is real

>> No.13213978

articles like this popping up again is so insanely bullish. $10k in 2019 confirmed

>> No.13214002

>>13212370
it's important to know what they want "normal" people to think about bitcoin. you should have an informed opinion and you should be aware of what they want you to think.

>> No.13214606
File: 81 KB, 750x607, 1554094564630.jpg [View same] [iqdb] [saucenao] [google]
13214606

>>13212294
Based and upboated

>> No.13214657

Remember the first rule of investing Anons.

Once blacks start talking about it(the ones who like rap music), it's time to dump.

>> No.13214674
File: 667 KB, 1080x1909, Screenshot_20190403-151833_Chrome.jpg [View same] [iqdb] [saucenao] [google]
13214674

This was released today too

>> No.13214692

>>13214657
Any celebrity mentioning it is time to dump. Remember the Katy Perry nails?

>> No.13214723

>people buy thing
>price goes it
>must be because nobody "learned their lesson" the last time the price went way down
>nevermind that it went way up before then

Why do they give brainlets platforms to spew shitty opinions?

>> No.13214724

>>13212406

Jesus christ what a fucking onions boy nu male beta faggot

>> No.13214732
File: 133 KB, 690x313, EB5E1034-DB02-4FE8-95B9-A9CD3A4BF7DA.png [View same] [iqdb] [saucenao] [google]
13214732

>>13212413
>to be clear, USD is worthless by any real measure. Its fake money thats about as practical to use in the real world as monopoly’s bills. usd is backed by nothing and requires tremendous amounts of work to create and monitor using computer

>> No.13214755

>>13214674
fuck it im buying in now

>> No.13214803
File: 35 KB, 524x350, Navy-Fleet1.jpg [View same] [iqdb] [saucenao] [google]
13214803

>>13214732
>blocks your path

>> No.13214844

FUCK JOURNALISM

>> No.13214863

>>13214803
Haha, as if that expenditure isn't the primary CAUSE of inflation

>> No.13214882
File: 68 KB, 750x421, 1554326054032.jpg [View same] [iqdb] [saucenao] [google]
13214882

>>13214803
>ends your petrodollar

>> No.13214936

>>13214674
jesus this is bullish

>> No.13214974

>>13212211
>This is a sucker's rally
Fill your bags bois, it's really the bull run.

>> No.13214985
File: 4 KB, 452x523, 1511557513913.gif [View same] [iqdb] [saucenao] [google]
13214985

>>13212211

>> No.13215028
File: 1.15 MB, 320x384, 1535581230797.gif [View same] [iqdb] [saucenao] [google]
13215028

>>13212211
>>13214674
I swear to God, these Baghdad Bob-esque damage controllians who write anti-BTC articles are the perfect buy signals