/biz/ - Business & Finance

>>13213799
>it's gonna go up forever for no reason at all

It's interesting Bloomberg says ignore it while Yahoo! Seemed to be trying to get people to fomo with "the worst is over" in the headline

>>13213811
>deflationary currencies don't go up in price

>>13213811
>It's gonna go down forever for no reason at all

>>13213827
>being deflationary is a useful attribute for a currency

LMAO

>I read bloomberg

>>13213811
>literally digital gold
>permissionless and immutable
>mined from pure energy, the most valuable commodity in the universe
>no reason

>>13213838
>LINK? I'm all in

>>13213835
>gold wasn't a useful currency for 6000 years

>>13213799
>for no reason at all

Imagine being this narrow minded.. holy fuck

>>13213882
gold is highly inflationary tho

>>13213811
>no reason

>>13213835

>>13213799

As someone who doesn't invest in cryptocurrency mainly because I see no way to set accurate valuations for it, I think Bitcoin will be pretty valuable forever mainly because it's used in darknet markets. I think most altcoins will go to $0 over a long enough timeframe.

>>13213799
>Leonid Bershidsky
Fuck

>>13213799
It's a Ponzi scheme, but it doesn't mean you can't make money with it.

>>13214000
it's literally not a ponzi scheme by definition. stop throwing around terms you don't understand that you've seen on your facebook feed

>>13213922

Hello is this the brainlet thread?

>>13214024
yes

The kikes are always so predictable lol

>>13213816
They have different target audiences. Blomberg is more targeted at professionals.

>>13213799
You know you are in bullrun when you see fud articles like this one.

>>13213835
It's a lot more useful in the longterm than USD, that's for sure. At the rate we're going, $1 million today will be almost worthless within a couple decades.

>>13213835
No need for leddit spacing, Paul!

I sold 2.8 bitcoin at 4100 cause i thought it's the top after it 4k kept going back to 3600ish.

I have only 0.3 btc left now, should i sell it too then buy back in under 4k?

He kinda cute

>>13213816

If you do the exact opposite of whatever Yahoo! pushes you'll be ok.

>>13213835
>he doesnt know that every inflationary currency that has ever existed has collapsed
>he doesn't understand math

>>13214205
Why are you asking. Read the countless threads on the topic. No one knows and there is no right answer until after we all look back. Good luck fren

>>13214205

Depends where your cash is. If you're going to bet like that, you might as well sell the .3 then buy .6 at 4k. Then rinse and repeat if you think it'll keep falling. I wouldn't bet like that though, I'm waiting till it falls to around 3k.

No way it'll stay at 5k, the $100m "mystery buy" was to cause a bull run. (((They))) are fucking with the market.

(((Bershidsky)))

>>13214294

To follow up, (((They))) will cash out and gain $25m, effectively pulling their own investment out and we'll be worse off than we were last month.

>>13214294
>>13214314

lol no the bottom is in

>>13214023
>he doesn't know gold is mined at an exponentially increasing rate.
>he doesn't know gold is a shit store of value long term.
nobody can help you fag you are too retarded to be saved.

>be a good goy

>>13213976
your ignorance of this space oozes out of what you wrote. cure your faggotry with study, or remain an ignorant dumbfuck

>>13214826
Nice try Bitcoin shill.

https://en.wikipedia.org/wiki/Peak_gold

>>13214826

>>13214826
yeah i never got the gold meme, mostly sideways shit for decades. I think there is also more of it than people think just like we keep finding more and more oil when we were supposed to be at peak oil now according to libshit scientists.

>>13213835
>infinite money printing is better which is why I hold dollars

This gets funnier the more you think about it.

>>13215475
>several scientists were wrong about the timing therefore peak oil will never occur

>>13213922
lol r u kidding me

>>13215570
>gets excited about uploading 1MB to the blockchain
>thinks it's some big revelation, thinks he's hot shit
this is a literal nothing burger

>>13215709
legacy bitcoin blocks are so small that they can literally be put on the blockchain that is challenging it. if you don't find it funny (or at least sad) you're not thinking enough about it.

>>13213811
such a quality brainlet

>>13215791
Sure, but I could upload a 1MB bitmap image to a number of blockchains these days. Also, it's not like that data does anything anymore - it's just non-functional gibberish now. Also, he converted it to hex first (literally why would you not just upload the raw buffer and display it in hex when reading instead) and talked about hex encoding doubling the size like he was on some high level shit.
Yeah there's a nugget of irony but this guy reads like a moron insinuating uploading a BTC block onto BSV has any significance.

>>13215577
Dumbfuck, peak oil is a leftist fantasy. It's basically a form of the rapture myth. Like the singularity for tech nerds. Yes we will eventually "run out" of oil. And by then we won't give a shit cuz we'll have been using something else for decades going on centuries. It's like the supposed population bomb that would starve billions. It's fucking Revelations for the non-religious.

>>13213799
Yeah, the kikes scare you so you can sell and they can buy. Just keep buying and don’t let them take over crypto like they took over everything else.

>>13213835

Wow you love being a dumb slave cuck dont you

>>13213799
Getting your financial advice from the likes of Bloomberg or CNBC is like reading yesterday's stock prices and trading from that. Anything in those publications has already had the profits sucked out and all that's left over is for the goyim so they'll pump the insider's bags. Following anybody's (((opinion))) from those rags is guaranteed recipe for failure. You have to do your own research from the sources in this and any financial space including stocks to have any hope of profiting. This article isn't worth the electrons used to carry it over the internet. Following it literally makes you dumber.

>>13215893
gosh, guess we really should make the max block size 300k