/biz/ - Business & Finance

Prices will have moderate positive outlook until late next week.

After that it will be bear market again for quite a while.

I don't feel like to explain in full detail why but to make it simple:

It is due to institutional investors having to rebalance books thus selling bonds for stocks which pumped stocks and ETF and there are a bunch of ETF and stocks that directly or indirectly have exposure to crypto so the rebalancing causes crypto to go up.
Sadly major cryptos have become a mirror of the stock market as they are now in many hedge funds and ETFs which move alongside the tech stocks.

So regardless of the fact that all the macro market indicators are bearish this week we will see a moderate rise in prices due to the rebalancing of books which is done regardless of market outlook which in turn causes rebalancing in mixed tech stock / crypto investment baskets.

Example:

Fund holds 50% commodities and 50% tech stocks.

Tech stocks shed 50% of value

The fund is now 75% commodities and 25% tech stocks.

So the fund sells commodities and buys tech stocks to rebalance.

When many large funds rebalance, like they have been doing in the last two weeks, at the same time than it will push tech stocks up in value for a bit regardless of the overarching market.

In turn a mixed fund holding tech stocks and crypto that just recently rebalanced by dumping cryptos when the tech stocks tumbled and now that crypto is down too and tech stocks are slightly pumped by rebalancing they are selling tech stocks for crypto.

However the overall market is not changing direction anytime soon as the fed is still going to increase interest rates.

>>29555982
except it actually can be different when you understand the reason behind previous dumps - basically, uncertainty about the fundamentals of crypto because it's a relatively new and unproved technology still rapidly evolving and find its niches. Once those niches are found, the fundamentals crystalize and real value is established. With that real value comes a price floor, valuation consensus, and stability. The idea that a boom-bust cycle ad infinitum is inevitable is a fallacy in itself.

Tell me why I should pump your bags.

>>28995767
Doesn't matter, it's mooning again
WAGMI

We all bought $PEPE when it was $0.00001 and we're not selling until $100

>>28906982

You're on an island.
The only thing of value are coconuts.
There are 100 coconuts on the island.
100 Cocobux are created to streamline coconut trading. Each Cocobuck is "worth" 1 coconut.

The bank creates another 100 Cocobucks. Now there are 200 Cocobucks but still only 100 coconuts. Each cocobuck is now "worth" 0.5 coconuts. It's purchasing power - the real value - has been cut in half.

Looking for you fine gents to let me know what your thoughts are on the best purchase on binance.us right now. I plan on doing extra research but figure I would see if there are some gems suggested here. Already buying some GRT, UNI, BNT, and NU on Coinbase but wanted to get some coins that aren't available there on binance.us. Thinking of setting a limit buy on ADA when it comes down a bit? Any better ideas?

anyone got a link to new WSB Discord?

https://www.theverge.com/2021/1/27/22253251/discord-bans-the-r-wallstreetbets-server

>>26002966
Get on a freelancing site and market any skill you have as a service you can perform or product you can provide. There are websites, apps, graphics, content, marketing...

You will need to establish an online presence and do a lot of marketing to find 100 dicks to suck everyday.

>>24724084
This book is fucking based. It changed my life.

All you faggots who think books are boring and a lot of work to read, stay poor.

The lesson in this book is embedded in a story, so the reader and actually feel and absorb the knowledge on a deep level, which is very different than many books that are formatted like technical manuals and boring as a conversation with a female talking about her opinions.

If anyone wants a summary, go fuck yourself. I would not want to deprive you of this literary masterpiece.

Read it and try not to get rich!

For all the big brain chads and old fags, I have zeroed in on these 2 microcaps that are contenders to do a 10X before the new year. Lets hear your thoughts and please vote what you think is the most likely rocket to go 10X. I have gone 33% into each, your votes decide where I dump the last remaining 33%.

1. Multiplier (MXX) - aka AAVE on Binance Chain
https://www.coingecko.com/en/coins/multiplier

2. Bird.Money - Adds analytics to borrowing and lending, kinda like a credit score
https://www.coingecko.com/en/coins/bird-money

We are all going to make it, amiright boys?

This is your gem in the rough, boys.
Latest on ABEO
Pros:
- Just hit $7m revenue Q3 (300% increase)
- Currently seeking FDA approval. (Were shot down last time which caused a dramatic drop.)
- 5 of 6 analysts give it a strong buy
- Currently trading at $1.36. Target price of $4-$5
- New board members with A+ work histories.
Cons:
- Most of their board resigned in September at the same time.

Seriously DYOR on this one. You're welcome.

When starlink brings the whole world online how do we take money from the people connecting for the first time. That's gonna be around 3,4 bilion people with money to spend. If that's not a huge opportunity I don't know what is

EVERYBODY SHUT TH FUC UP

>use code "Strength" for an extra 15% bonus

Click the links for free money on coinbase. I have 3 referral left.

Here's the answers to the questions too.

After you fill out the XLM and EOS, go do the two other ones (BAT & 0x) for $10 and $6 dollars. Easy money.

XLM Survey

coinbase.com
/earn/stellar
/invite/07dnxb1r


EOS Survey:

coinbase.com
earn/eos
/invite/6g3vtrm8


XLM Answers:

Q1: A decentralized protocol
Q2: facilitating low cost universal payments
Q3: Transactions are fast
Q4: to issue exchange and transfer
Q5: cooperation of trusted nodes


EOS Answers:

Q1: blockchain protocol
Q2: delegated proof of stake
Q3: fast free transfers
Q4: stake EOS tokens
Q5: upgradeable smart contracts

MU to the moon

also

pretty entertaining to watch
twitch tv / tradestreams

>>7381612
>draw (or trace) a Pepe
>go on eBay
>auction off your unique one-of-a-kind limited edition numbered handmade rare Pepe, starting at $0.01
>deliver it to your lucky client through email
>make sure to leave a positive review
>open your shitty drawing
>type in a different number
>your Pepe is now unique
>repeat until you own half Venezuela

This is what I did to get myself some positive reviews for my other wares to get noticed, but if pennies are so valuable to you, feel free to use this strategy to win at Venezuela. There is a booming market for penny auctions, with bots creating thousamds of listings for stuff like digital chocolate cake recipies.

Do keep in mind that while mostly tolerated, rating manipulation goes against eBay's terms of service and could technically get you banned, so try to maintain some quality standard in your listings and don't make it all too obvious.

>>6246782
Sorry couldn't resist shilling this before the moon