/biz/ - Business & Finance

[Anonymous No.58198546]

>normies are unironically making more money than you in crypto right now
How do you respond without sounding mad?

[Anonymous No.58198556]

>>58198546
>that hobo
>normie
Lol

[Anonymous No.58198560]

link, icp, hbar
lmao based

[Anonymous No.58199033]

Most of it is just gambling, winning other peoples unlucky money.
Sure you can make a lot of other peoples money if you are lucky, but you're not contributing to anything productive in society.
It's mostly wasting a lot of electricity moving bits on a chain with no productive utility other than the heat it generates in your home.
Better not be the last one to hold the bag of old potatoes.
This bag of potatoes is going up in price. Quick! You can buy shares in it! Everyone is getting rich!

[Anonymous No.58199066]

Investigation ongoing

[Anonymous No.58199132]

>>58198546
>sol
try swapping any shitcoin on sol once, it will take like 5 minutes, fail 3 times, the UI will lag out constantly...by the time you get through the "adventure" called swap the shitcoin you were buying will have already rugged.

[Anonymous No.58199138]

>>58199033
Yeah the shit-coin casino mentality has to go away. We need to get back to first principles, get our Bitcoin out of the exchanges and hold it in self-custody and start using it instead of the fiat-currency shitcoins. The multitude of alt-coins represent everything's that toxic and wrong with the legacy financial system with their infinite derivatives. And these people who think it's a good thing that people who don't share the values of Bitcoin are using infinite supply of fiat-money to buy it so that they can control the supply and control the future of the network? Obviously these ETFs are ultimately very bad for Bitcoin, because it means Bitcoin is getting into the hands of people who don't really care about the movement and the idea. Bitcoin needs to be in the diamond hands of true believers, who understand it, who believe in it, and who never want to sell it for worthless fiat-trash. The only network that can do that is the real Bitcoin (cash).

[Anonymous No.58199277]

>>58199138
>>58199033

Nigga pls. The entire western economic system is based on blowing up fake and gay asset bubbles and dumping them onto some idiot.

You may not like it but it’s true. You can either learn to play the game or stay poor.

[Anonymous No.58199385]

>>58199277
Real economic growth is based on raising productive capacity, efficiency, and technological utility.
Stock prices follows the company's earnings 1:1 over longer time periods. If the earnings doubles, the price of the stock doubles.

[Anonymous No.58199404]

>>58199385
It should be like that in a sane system. we don’t have a sane system and therefore that’s not how things work in reality.
Proof: look around.

[Anonymous No.58199419]

>>58198546
This guy made millions off doge and held all the way down instead of selling because of reddit. Imagine how much of a cuck you have to be

[Anonymous No.58199433]

>>58199277
I totally agree with you, that's how it is and that is horrible, that is bad and that needs to stop. We actually want a good and sane future, all these derivatives and central banks and all this garbage simply needs to go away. It starts with producers not co-operating with the fiat-currencies anymore and opting out. If you want to buy food from a farm, ok, you have to use hard money, not the hyper-inflating shit-coins known as fiat-currencies. This movement is already on the way, this is the real reason behind all of the cryptos existing, but it's degenerating into the exact same shit-coin casino that is the derivatives market. People need to reject this shit. And yeah, obviously we need to support BRICS, the rise of Russia and China and their attack on the USD, because they say money needs to be based on commodities, not these artificial western bubbles.

[Anonymous No.58199478]

>>58199404
No. That's how economic growth works on it's basic level.
The fact that people gamble or over- and under-estimate the real value of a company is irrelevant in the long term. The stock price follows the earnings of the company with relative up- and down-swings. In the long run it averages out 1 to 1, earnings to stock price.

[Anonymous No.58199513]

>>58198546
He's big right on hbar, that's deader than dead. But I see positive outcomes for link and icp - good hodls there. And with the sol, ada, and doge you got yourself a solid 5-8x from here.

[Anonymous No.58199542]

>>58199419
If he held onto all of it, imagine the keks if Doge hits $2

[Anonymous No.58199561]

>>58198546
if he was so successful he wouldn't have become a shitcoin shill kek. He held all the way down and has to wait for doge to pump so he can finally drop his bags

[Anonymous No.58199597]

>>58199138
>>58199433
FIAT is great if you don't want deep recessions that spirals into depressions.
You need liquidity in recessions and you can print your way out of that problem.
The essential question is: Do you want to defund the police and halt infrastructure projects in a time when lots of people are out of jobs, spiraling the economy further down the shitter, or do you want to pay a little extra for your groceries for a while?
It's not a tough choice in my mind.

[Anonymous No.58199631]

>>58199597
Obviously we need to get rid of fiat-currencies, because they are controlled by satanic pedophiles and only used to enslave humanity. Everyone who still believes in them, that they have some value, that they should exist, that the "national debt" is somehow justifiable, is simply an enemy of humanity. If we don't get rid of the financial parasite, the people will die, and that is already happening everywhere in the west, both by these parasites bringing in the slave-labor from third world countries, and through the suppression of birthrates by these financial parasites. So it's a question of life and death, we have to get out of the fiat-standard, no matter how many billions will have to die in these coming wars.

[Anonymous No.58199643]

>>58199631
If you get rid of government entirely, then what are you going to replace it with?

[Anonymous No.58199659]

>>58199643
No you don't get rid of the government, you adopt a Bitcoin standard like El Salvador did. That's a good start. We need a moral pro-producer government that will use its military might to fight against the parasites and for the people.

[Anonymous No.58199873]

>>58199659
Military requires government spending. They need to pay for that with tax revenue or with debt.
The problem you run into when you don't have FIAT is that you can only have government spending when the economy is stable and good.
If you don't have FIAT you can't just print money for spending in a recession. That means you'll have to lay off police, military and other expenses during recession. It worsens the recession a lot and you can end up in a depression with people starving on the streets and crime skyrocketing, with no revenue to pay for police, military and infrastructure etc.

[Anonymous No.58199885]

>>58199873
Yeah, but the military should only accept Bitcoin as payment, that's a good start. It's up to the producer, the worker, and the soldier to decide that Bitcoin is money, and fiat-currency is cancer. Fiat-currency causes all the crime and famine in the world, hard money, whether gold and commodity backed or simply Bitcoin, which is of course a new thing and requires a certain revolution in consciousness, will solve this.

[Anonymous No.58199904]

>>58199885
If the government is not getting any revenue, then they can't pay the military.
FIAT allows the government to spend even if they only have a small tax revenue.

[Anonymous No.58199928]

>>58199904
The government can be getting revenue by taxing the people based on a voluntary understanding of the community that there should be a common Bitcoin purse in to which everyone chips in. The government can also run government-owned corporations that sell goods and services for the population and fund their activities that way. What the government can't do, is take out "loans" of worthless imaginary numbers and then enslave the whole population to pay those loans for the benefit of parasitic child raping satan worshippers.

[Anonymous No.58199941]

https://www.youtube.com/watch?v=hOFErQLbd8k&ab_channel=NayibBukele

Bukele makes a great point in this speech. If the government can just print money, then why pay taxes? This realization can not be stopped, it's spreading around the world like wildfire, and human enslavement is coming to an end.

[Anonymous No.58199944]

>>58198546
ngl he has a dope beard and could probably roll the fattest joints. a few things biz could never do kek

[Anonymous No.58200019]

>>58199928
If the government should run production, then we're back to slavery. They can just monopolize a market and increase the price on goods and services to their liking; make everyone dependent on their products and worsen the working conditions without anyone being able to do anything about it.
You have to pay taxes no matter what. The national debt is irrelevant to that fact. When the government loans money from the fed, they spend it out in the economy and stimulates circulation. That money is now out in the hands of people and it circulates in the economy. Unless the government increases taxes, that money will stay out in the economy.

[Anonymous No.58200075]

>>58200019
It's about what direction we want to take the world, obviously any kind of limiting attitude is harmful to humanity and to society. Society can be whatever humanity makes of it, only imagination is the limit. As far as government owning many key industries it is not the end of the world and no it doesn't mean slavery. Only the fiat-currency where a small group can create an infinity of money that others are forced to use means slavery. If the government pays in a hard currency like gold, or Bitcoin then there's no coercion involved, especially when people are free to work for a government company or not. Of course this doesn't mean that government will own every industry, but it probably should control certain critical industries like total control of the military and related industries, electric grid, public utilities etc. Of course the government itself needs to be regulated by law and kept in check so that it serves the people. And that money that is circulating is losing at least 2% of value every year, more like 50% in many countries, so it's very bad money, it doesn't meet the criteria for good money as set out by Aristotle for example. Because fiat currency doesn't stand the test of time, it erodes in value and it erodes the value of the society that uses it, like we're seeing the rapid and dramatic drop in the standard of living in the west after 1973 when USD went off the gold standard. Real wages haven't grown, only the parasite has grown and it will kill the host if humanity doesn't separate from it.

[Anonymous No.58200087]

>>58198546
normies dont talk about crypto right now and i dont care what others make as long as i make it

[Anonymous No.58200100]

>>58198546
this cracker looks like he smells like feet

[Anonymous No.58200119]

>>58200075
you have to pay taxes anyway.
If you don't have FIAT, you'll end up getting government spending cutbacks right when they're needed the most.
The national debt is irrelevant as long as the economy grows.

[Anonymous No.58200139]

ICP has outperformed every coin in that image by at least 30-40% over the last calendar year

[Anonymous No.58200141]

>>58198546
That coins scks anon, alll of it

[Anonymous No.58200143]

>>58198546
Normies get shtcoins?

[Anonymous No.58200147]

>>58200119
No you don't have to pay taxes if you don't owe any taxes. First of all the very recent universal real-estate taxes that have been implemented are obviously totally immoral and mean slavery. Obviously a person living on his ancestral land and in the buildings his ancestors built should not have to pay the socialist government just because he lives there. These universal real-estate taxes didn't exist in many countries until the 80s and 90s, so it's just a further degeneration into socialist slavery that is a result of the central bank world takeover. And as you live on your land, and you don't pay real estate tax, and you grow your own food and produce your own energy you will not be paying any taxes and you don't owe any taxes. The national debt is obviously totally immoral as well, since it implies that a small group of criminals can put future generations into debt-slavery, it's obviously a crime against humanity.

[Anonymous No.58200148]

>>58198546
And GRAVITY? Is the best p2e game and no one is talking about

[Anonymous No.58200155]

>>58200148
A lot of ppl talks about anon...

[Anonymous No.58200159]

>>58200148
Cos is sht

[Anonymous No.58200214]

>>58200147
Yeah, but most people use money and benefit from infrastructure and production of goods and services in society, and some level of justice and order.
If everyone made grew their own, made their own clothes, built their own houses and so on; the economy would shrink and there wouldn't be any tax revenue to uphold a secure society. Gangs could invade and take over easily and enslave people.

[Anonymous No.58200222]

>>58200214
*grew their own food

[Anonymous No.58200241]

>>58200214
Not really, the self-sufficient individual who produces more than he needs will be trading goods and services with others, and if he deems the government to be just and legitimate he will obviously participate in elections both as a voter and a candidate, in writing opinion pieces for the local newspaper, and so forth and so on. However, if the government turns parasitical and anti-thetical to his personal interest and the interests of his fellow man, he will not be dependent on the government to survive, and will have a better chance of resisting tyranny, than a person whose life is not an extension of the land and its growth, but rather the extension of fiat-debt, fiat-slavery, totally reliant on the worthless tokens controlled by the despots.

[Anonymous No.58200250]

>>58200241
And obviously he will also be paying taxes and contributing to the system, since he sees that it is in his interest, however, if the fiat-debt-slavery-system is kept in place, no one has any real incentive to work, or to pay taxes.

[Anonymous No.58200347]

>>58198560
Right on the point

[Anonymous No.58200349]

>>58200241
We already have elections and it has gotten us to this point.
FIAT doesn't mean you have to pay property tax. Property tax is just a law that can be changed regardless.
I believe people should have the opportunity to provide for themselves before they have to provide for others.
You should be free to live off the land without paying for it, but that's not the fault of FIAT, it's a law, and it can be changed.
>if the fiat-debt-slavery-system is kept in place, no one has any real incentive to work, or to pay taxes.
I don't see why

[Anonymous No.58200374]

>>58200349
Because the "money" that they work for is losing value as soon as they get it. Real wages aren't growing, their purchasing power is decreasing every year, most people can't even afford to own homes anymore and so forth and so on. It's so obvious to everyone that there is a small group of people who control the fiat-money creation and they can create an infinite amount of it at any time, so why would you work when the value of your wages can be inflated away at any time? It's such a miserable state of slavery that people aren't even having children anymore and societies will just cease to exist.

[Anonymous No.58200434]

>>58198546
Is this supposed to be FUD? Kek

[Anonymous No.58200435]

>>58200374
>most people can't even afford to own homes anymore and so forth and so on
that has a lot to do with regulatory standards and increasing demands for better, bigger more luxurious houses.
If you could build a home with 1950's regulations and standards, basically everyone would be able to afford it. The same with cars. The same with government services and so on.
If you buy a property it pretty much keeps its real value in most cases. You can also invest or buy precious metals.

[Anonymous No.58200448]

>>58200435
No, it has to do with infinite money printing and real-estate being made into an investment vehicle. It's mostly just BlackRock buying millions of houses and Bill Gates buying millions of hectares of farmland with funny-money created by the Federal Reserve cartel. The inflation is secular, it's not just in housing, it's in commodities, food, and everything related to the cost of living, and the source of this inflation is the fiat-currency system itself, because it creates a moral hazard where greedy and lazy humans are given the ability to exploit the money-printing-press for selfish gain without any repercussions.

[Anonymous No.58200460]

>>58198546
>LINK
>HBAR
>ICP
You can’t make this shit up. I hold only exactly these three coins.

[Anonymous No.58200476]

>>58200460
All 3 of them are up 5x from their bottom so you are up quite a bit, very good return for a high cap.

[Anonymous No.58200515]

>>58199542
Ah, yes, doge will go to $274billion market cap.
It never surprises me how much retard money is in crypto like doge, shiba, avax, cardano and sol.
Lmao.

[Anonymous No.58200577]

>>58200476
If I had invested the same amount in fucking DOGE I would be deep 6 figures now but I feel for the tech meme. Never try to invest in crypto it’s just a casino.

[Anonymous No.58200593]

>>58200448
>BlackRock buying millions of houses and Bill Gates buying millions of hectares of farmland with funny-money created by the Federal Reserve cartel.
What do you mean exactly? BlackRock and Gates doesn't get money from the government to buy things from what I know.
>greedy and lazy humans are given the ability to exploit the money-printing-press for selfish gain without any repercussions.
what do you mean by this practically?

[Anonymous No.58200742]

>>58200593
Yeah they do get the money from the government, or more precisely from the central banking system which includes the private banks. It's not just the central banks that create money out of thin air, every time someone takes out a mortgage for example the private banking creates new money. This is the crime against the population that ultimately creates inflation. Yes, the private banks are under the central bank and the central bank sort of controls them and influences them through interest rates and its own ultimate money printing power, but the smaller private banks also create money out of thin air as part of that system. Gates, BlackRock and others like them obviously have access to infinite near zero percent interest capital from the Fed and the private banks to purchase essentially everything on the market in order to control the market and enslave humanity.

And I mean that when a certain group of people is given the ability to create an infinite amount of money from thin air they are going to abuse that power for their own selfish benefit and this leads to currency devaluation and societal collapse. While the kind of absolutely farcical fiat-money like the world has had since the 1970s hasn't existed before in history, even before there would arise forms of paper money and the silver in the coins would be diluted etc. to fund wars of conquest and other despotic whims of those who controlled the monetary system. Bitcoin gives us a chance to end this. Fix the money, fix the world.

[Anonymous No.58200819]

>>58200742
That's a regulatory issue.
You can avoid this if you disallow any lending to non-productive purposes.

[Anonymous No.58200906]

>>58200819
No that's the fundamental nature of the fractional reserve banking system. They aren't "lending" anything when they give out a mortgage, they are creating double-entry bookkeeping, asset and liability for the bank and asset and liability for the customer and that's all fiat-money is. Bookkeeping entries in a bank's balance sheet backed by nothing except ignorance and blind faith. That's why we need a gold, commodity or bitcoin standard ASAP.

[Anonymous No.58200957]

ADA
D
A

[Anonymous No.58201190]

>>58200906
I know how that works, but it's a regulatory issue.
If you lend out to non-productive purposes you will get inflation.
If you lend out to productive purposes you will get deflation.

[Anonymous No.58201282]

>>58198546
I hope this retard keeps dogtoken normies out of ICP, I don't want them to make it.

[Anonymous No.58201654]

>>58198560
apart from a few shitcoins and the lack of insane clown pissy, that's my entire portfolio haha

[Anonymous No.58202487]

Kek link and icp baggies on suicide watch. Get dabbed on by normie chads