/biz/ - Business & Finance

$60,000

For some it's the remainder on their mortgage. For some it's the outstanding medical debt. For some it's a drop in the bucket. For some it's a lifechanging sum of money.

ALL I WANT IS TO START A FUCKING COFFEE KIOSK AND SELL MTG CARDS OUT OF IT! WHY THE FUCK DID MY PARENTS HAVE TO BE POOR AND HAVE SHIT GENETICS WHY DID I HAVE TO RAISE THEM MY WHOLE LIFE

WHY
CANT
I
MAKE
ONE
PROFITABLE
FUCKING
TRADE

It's like the entire universe works counter to what I fucking do!
>sell at a new high when it looks shaky
>keeps going up
>buy low when it looks good
>crashes forever

Also Washington state is a fuckhole that requires exchanges to fulfill insane requirements to 'keep customers safe' so the only exchange that i can fucking use is Binance

>>5413159
Would you prefer more wojakposting and fud?

“XLM is used to settle cleared transactions for FX. Fiat currency is buying XLM (and vice-versa) as part of FX transactions. It will work something like this: Person A, who has USD, wants to pay a farmer (Person B) in Fiji, who wants Fiji Dollars. Person A tells their institution to execute that transfer of value. The institution debits their USD account based on the quote from USD -> XLM -> FJD, and sends XLM to the recipient institution, who then chooses to hold their XLM for other transactions or immediately sell them to a market maker. This is the first step to creating a world where excess capital, in whatever denomination, can be used to invest in any other jurisdiction.”

“However, it doesn’t stop at FX only. The purpose is for a clearing ledger that not only clears FX transactions, but really, any transaction resulting in a transfer of value. So think cash for securities or t-bills for asset-backed assets. Any financial instrument can be used as ‘money’. IBM’s vision is to allow the legal, safe, compliant payment using any asset for any asset globally.”

“XLM is one of the assets on Stellar. It’s also used to ‘pay’ for transactions on the network. So XLM has 1) value and 2) utility. There will be other assets. So, for example, let’s say that a fictional island nation called Stellarisle has a central bank, and that central bank wants to issue currency assets on Stellar. In that case, Stellar is used, and XLM is used to power those transactions for those assets, even though XLM isn’t directly used as the settlement mechanism. It doesn’t matter if XLM is the settlement mechanism. Rather what really matters is 1) the safest settlement mechanism is used for two transacting parties, and 2) XLM is still used even as a utility.

https://emptybucket.co.uk/5-things-you-need-to-know-about-stellar-lumens-according-to-ibm/

>>5404703

>purchasing anything with Bitcoin
>requires arguing with an indian person about what we predict the price will be in 4 months so I don't lose out on those potential gains
>someone comes in and pays with cash

IT'S NOT A PYRAMID SCHEME IT'S A REVERSE FUNNEL
FUCK YOUUUUU

>>5244859
>when

>>5202588