/biz/ - Business & Finance

Discuss how you engineer profits from /biz/tards.
I've devised a bot that dumps any coin pair that gets a certain threshold of positive sentiment /biz/posts, and the inverse for negative sentiment. So far, I'm up 1500% over the market.

you can also long BULLSHIT

Buy bubbles
Not only does Soros caution against battling the herd, he sometimes likes to join it, even if it means jumping on to an economically unjustifiable trend.

“When I see a bubble forming, I rush in to buy, adding fuel to the fire,” he said in 2009. “That is not irrational.”

One such example is gold, which he described as the “ultimate asset bubble” in early 2010. Gold had soared 40 per cent the previous year and many commentators took his words to mean he believed the precious metal was set to fall.

However, Soros was actually buying gold, which was then trading at about $1,200, the reasoning being that buying into bubbles can be very profitable, if one gets out in time.

Soros did just that, selling most of his holdings in early 2011, some six months before the bubble burst after prices topped out above $1,900.

> 'When I See A Bubble Forming, I Rush In To Buy'

>>8767514

The most reliable passive income right now is shorting bitcoin.

Shorting since the CRITICAL bitcoin hours. Don't worry.
This puppy's going all the way to 2k.
Liquidation 11.75k come at me faggots.

>>8063403
can't wait to point my rigs at this shitcoin and dump to market on them as long as they can take it

>>7976175
utterly classic

>>7807018

>>7498198
This old billionaire thinks Bitcoin is a bubble that will never pop.

> “Normally when you have a parabolic curve, eventually it has a very sharp break,” Soros said Thursday. “But in this case, as long as you have dictatorships on the rise you will have a different ending, because the rulers in those countries will turn to Bitcoin to build a nest egg abroad.”

>>7352142
>he doesn't know that you can make money off of price decline

Feels good to be on the winning team for once

>>7015960
AHAHAHAA atleast you have the honor to not post a nujak
I'll donate some btc once were at 100k

> “Normally when you have a parabolic curve, eventually it has a very sharp break,” Soros said Thursday. “But in this case, as long as you have dictatorships on the rise you will have a different ending, because the rulers in those countries will turn to Bitcoin to build a nest egg abroad.”

Soros is basically saying that Bitcoin is a bubble that will never pop.

Nocoiners bubble-boys BTFO.

>>6918959
gave me the best laugh i've had all week thanks anon

Yes, now this is something I want to report on my taxes.

https://www.youtube.com/watch?v=KTf5j9LDObk

Serious question: what is the downside to facilitating btc futures? Is the underlying asset behind btc futures bitcoin itself or the bitcoin ETF's? Are they pretty much the same and am I a doofus? What is the degree of manipulation bitcoin's price could be subject to? Have the big daddy bankers inserted their big golden cocks into our rype new stores of wealth? Im scared.

-sell survivalist gear
-stoke fear
-stoke racial hatreds
-fund racialist groups
-sell racialist merchandise
-lobby for more relaxed immigration
-sell the "it was a better time in our country before the _____ moved in" nostalgia
-sell nostalgia for an age that the majority was not even alive to experience
-sell nostalgia for an age that exists mostly in the minds of people and on movie screens

>>4965073
>We're in cooperation, not competition.

Quick lesson on how money works.
Scenario is no money exists yet:

1) I mow your lawn, that service has value (to you).

2) You harvest oranges and give me a crate of oranges in exchange for my service. These oranges have value to me, and you.

3) I need a barrel of oil and trade as many oranges as we agree on. So far the goods & services exchanged have intrinsic VALUE: WE NEED OR DESIRE THEM.

3) Bartering like above can work, but is very impractical. Someone decides to exchange some gold they mined: a rare, useful, and beautiful element which has value potential. The recipient loves the gold, so the gold indeed has value. This type of exchange happens more often and gold becomes very popular, so much so that everyone is willing to accept it when trading. A currency is born.

4) Gold is a bit cumbersome to trade with, cutting it into pieces and other issues. So governments and banks (the people with the most gold) issue paper currency as substitutes for gold. The paper is much easier to trade with and is as good as gold because you can always go to the government or banks and exchange your paper for gold.

5) So far, all the money is traced to goods or services of value (we need or desire them).

6) Fiat currency replaces gold backing. Money can be minted with only the assurance of the government's backing. They can start printing more money, but without value (as explained above). As more dollars are produced the available value of things gets divided by more dollars, each dollar having less value as the denominator (dollars) of value/dollars increases. Enter inflation. (Central banks is another issue.)

7) Bitcoin comes along and says "only 21 million bitcoins will ever be available" so scarcity ensures it won't suffer from inflation. Great. Also, these coins are produced by software solving algorithms, a lengthy process to make sure the market isn't flooded and no one person can easily produce an inordinate amount for themselves.

But what is bitcoin missing?

>>4882354
>THE LARGEST INCENTIVE IN THE WORLD TO BRING IT ALL DOWN AND IT'S ALL LEGAL

>>4821984
and the moment futures open incentive appears for powerful players to start taking them down