/biz/ - Business & Finance

I love soy milk when i'm high on weed

>>7875171
Just cashed out my nano

Rate my watch, picked this up at a pawn shop last week for $500

How's life fucking wagecucks? Look what I bought today for 10k with my magic money created out of thin air. You know who I am? I am a BIG time gamer in the crypto markets. I speculate and consolidate my wins and losses into pure profit, keeping my blue chips in the black, teasing and tempting her, always with my eyes on the twitter feeds and calling my broker on my diamond plated iphone, which I have the most expensive plan of. You wagecucks could only dream of ever affording this wage of living the life I am living. Now keep on slavin', boy.

>>7818821
Well said my crypto brethren!

Get with the times.

I did a deep dig into DGD. Here is the short version.

Think of Digix as a gold seller that offers off site storage as well. They will be selling GDX gold tokens which represent 1 gram of gold each. These will most likely trade very limited exchanges due to the fee structure.

1. There are fees for trading and owning GDX (trading fees .13% per transaction, demurrage fees ACT / 360 daily at 0.60% pa, recasting 1% paid in GDX)
2. DGD holders earn a percentage of these fees, approximately, as a percentage of their ownership % of the 2,000,000 DGD tokens in existence.

Lets assume:

500 DGD Tokens = .025% ownership
$5 Million Daily Trading Volume of DGX @ .13% = $6500 in Fees
$6500 * .025% = $1.625 per day

So lets see how much volume it would have to be doing to be worthwhile... not including storage fees.

DGD = $371 as I write this. So 500 DGD = $185,500 at present value

Before we go into this extrapolation, lets preface by saying the exchanges DGX will be traded on don't even exist yet, as admitted on their own website.

@ $50MM daily DGX trade volume 500 DGD will earn $16.25/day in trade fees
@ $500MM = $162.25
@ $5000MM = $1620.25

I guess you better hope the exchanges that don't exist yet do a shitload of volume in DGX tokens, which have a fee structure that makes it inferior to holding physical gold.

forreal now bros. lets stop memeing pls

btc with LN

will it not atleast 4x?

i been getting justed so hard i dont even care anymore. i want it all now. give me the worst possible fucking justing just to take the piss mane

i wanna see all faggots cry burn and die. it would be worth the couple hunnid grand

Fiends, there is nothing insignificant about a large pullback when you are going through it.

That said, I just shot a quick video to illustrate how insignificant these pullbacks look once a little time has passed. Hopefully, this video will provide you much-needed perspective on how you should view the recent market action.

So, what’s causing this recent spate of selling? And should we be paying attention to it?

Here’s what’s happening:

Right now, the crypto market is fixated on recent developments involving Tether (USDT).

Tether is a “stable” coin that claims to be backed by dollars. It claims that for every tether in the market, it has an actual dollar bill in a vault somewhere.

Let me be clear: I HAVE NEVER BELIEVED THAT CLAIM. That’s why I never recommended the token.

However, many people do use Tether. At last count, there are more than $2.3 billion worth of tethers.

Here’s why folks are worried…

Tether received two subpoenas from the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC). Plus, its audit firm recently quit. The market is now afraid Tether may be a fraud.

No one knows what the implications of a Tether fraud would be. Just like in the stock market, uncertainty breeds doubt, and doubt leads to weak hands selling.

So, what should we do?

The answer is nothing. Absolutely nothing.

In any market, there will always be scandals, bad news, and busybody regulators. This is the nature of markets. Our focus is squarely on riding the long-term trend.

And, friends, regardless of Tether fears, meddling regulators, or the threats of central banker and government clampdowns… the long-term trend of crypto assets is solidly higher.

Markets fluctuate. That’s what they do. Sitting and worrying about Tether won’t do a darn good thing for you.

Don’t let the market rob you of the joy of living. So, get out there, go take your significant other out on a date, hug your grandchildren, and get busy doing something fun.

>>7136546
I prefer a nice gold watch to enrage the normies with

This is some next level FUD. Someone really wants to accumulate

>>6992674