/biz/ - Business & Finance

>>52317972
99% of crypto's marketcap probably comes from government subsidies, and overleveraged debt.

>>52293169
>will be bailed out
Crypto has already been "bailed out" for $Trillions; remember when BTC was 60k?

>>52294377
>So are all of these high IQ "delta neutral" quant traders (Three Arrows Capital, Alameda) really just degenerate gamblers?
It's not really gambling when "you can't lose".
Imagine going to a casino and having a card that has unlimited, instantly accessible/exchangeable money on it, and they let you run up a tab that you don't have to pay back for years.

I have no doubt that they are able to 'make a lot of money' through Trading.
It's the before/during/after the 'making a lot of money' that is concerning.

>>52294489
>The difference is that in crypto the government doesn't bail you out.
Well, they won't bail out the little people who lose money.
But they already funneled $Trillions through crypto, which they cashed out (the 60k->20k drop).

>>52287313
It's just...

>>51502061

>>51273354
>The teeny bopper saved some screencaps from /pol/ and is now more woke than everyone episode #357,242.
You can call it whatever you want.
I'm just sharing my opinion for other anons to read, so they can make informed decisions.

>>51261540
>if only u knew

>There are 6gorillion different ways for any literal retard to have infinite money
>Just ask your friend to lend you $20Trillion
>Or don't, and stay-mad&cope
Seriously, can some wagie explain why the fuck you think being "le poor" is some obstacle in life?
At least when you're poor, no one gives a shit about whether you live or die.

When you're rich, you have to live with all the poor-wagie bitching. And. It. Never. Ends.

>>51094273
>we've been screeching this from the highest rooftops since the first round of covid relief checks was announced.
Alright, I'll go look through some of the archives in a little bit. Is there any specific month when you remember a lot of PPP discussion that I should look for?

>>51049143
Anon, you don't understand that there are millions of businesses/NGO's that have no business model to generate revenue, and all of the money they make is from donations/gov-gibs/bank-loans. And they are multi-million/billionaires
Worse that happens is they file for bankruptcy, and repeat. Well, actually the worse that happens is they just take all their stolen money and leave the country, and/or get a new ID
>b-but they can't do that, because reasons
If only you knew how bad things really are...

>>51050822
>>please, give me an entire senior level undergrad course in greentext form within a single 2000 character post
It might be a little over 2k characters, but I can pretty much summarize a PhD level of modern Economics in some pictures.