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/biz/ - Business & Finance

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30396966 No.30396966 [Reply] [Original]

What do you think of my meme /biz/? Is it reddit worthy?

>> No.30397149

>>30396966
Never understood the Rainbow meme chart. It ignores the first peak entirely - which would imply BTC's current cycle would reach a top at a little over $50k

>> No.30397232

>>30396966
no, they banned memes on the subreddit

>> No.30397293

>>30397149
>It ignores the first peak entirely
No it doesn't retard. That second peak above the red band and the subsequent flashcrash are the result of unexpected Mt Gox fuckery,

>> No.30397870
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30397870

>>30396966

>> No.30397938
File: 73 KB, 385x363, 1586815416795.png [View same] [iqdb] [saucenao] [google]
30397938

>>30397870
Faggot.

>> No.30398016

>>30397938
its the creator of the rainbow chart you absolute fucking retard

>> No.30398146

>>30398016
Cry more.

>> No.30398271

I doubt there's enough money in the world to push bitcoin to 2 trillion marketcap and beyond. That would be higher than silver and 4x tesla.
This implies a price in the multiple millions by 2030 if not billions.
We don't have enough money, unless they print hundreds of trillions.

>> No.30398324

>>30398271
>unless they print hundreds of trillions
That's an inevitability by 2050.

>> No.30398383

>>30397870
>>30398016
The first thing I'm going to do when I buy 4chan with my bitcoin is ban all twitter threads and ban all twitter posts.

If I wanted to read twitter GUESS WHERE I WOULD FUCKING BE?

>> No.30398418

>>30398383
Based.

>> No.30398443
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30398443

>>30398271
>We don't have enough money, unless they print hundreds of trillions.

>> No.30398890

>>30398383
>GUESS WHERE I WOULD FUCKING BE?
Where?
Sorry my IQ is 3.

>> No.30399017
File: 1.44 MB, 292x292, 1613208115605.gif [View same] [iqdb] [saucenao] [google]
30399017

>>30398383
>>30398418
inbreeds detected

doubt youre gonna by anything since making it with sub room temperature iq is pretty hard kek

>> No.30399042

>>30399017
>doubt youre gonna by anything
What did he mean by this?

>> No.30399098
File: 1.55 MB, 450x506, Pinky Dancing.gif [View same] [iqdb] [saucenao] [google]
30399098

>>30398890
ON TWITTER

>> No.30399128
File: 200 KB, 128x128, 416298761535356928.gif [View same] [iqdb] [saucenao] [google]
30399128

>>30399017
Go back.

>> No.30399181

Can someone explain something to me,

>BTC has a market cap of like a trillion $

What stops the fed from clicking a couple of trillion into existence on the computer screen and systematically buying every BTC in existence? Yes it would push prices sky high, but they have unlimited zeroes. Then they could just implement a 100% tax on BTC gains and fuck everyone over...

>> No.30399376

>>30399181
OP here, I'm not smart enough to have an actual discussion, I just post the memes and watch my portfolio rise. If you find an answer get back to me though lmao.

>> No.30399475

>>30399181
>>30399376
>What stops the fed from clicking a couple of trillion into existence
Nothing, they can print as much as they want.

>systematically buying every BTC in existence
I am never selling at least 1 of my BTC. Ever. You can't buy every BTC because not everyone wants to sell BTC. I would rather die. DPR is a good example, he would rather rot in jail than give the feds the keys.

>Yes it would push prices sky high, but they have unlimited zeroes
In the process it would make USD worthless and thus I would no longer accept USD for bitcoin. I would swap it into Yuan, then convert to USD. At that point I would just flee the country as I would be a prime target during hyperinflation.

>Then they could just implement a 100% tax on BTC gains and fuck everyone over...
Tax evasion is more common than you think. There are numerous ways around the system.

>> No.30399597

At some point, mining will become too expensive, like 100k per coin. How would the network work then? You can't make transactions without miners, right?

>> No.30399963

>>30399597
Doesnt it convert into Proof of Stake at that point?

>> No.30399969

>>30399475
thanks for taking the time to explain

>> No.30400038

>>30399376
we know ur OP retard

>> No.30400076

>>30400038
Suck my balls mate, I'm being courteous

>> No.30400181

>>30399963
Yes >>30399597 is a brainlet

>> No.30400342
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30400342

>>30398443
kek