/biz/ - Business & Finance

>>14026516
RIP BITCOIN

>So is Bitcoin a giant bubble that will end in grief? Yes. But it’s a bubble wrapped in techno-mysticism inside a cocoon of libertarian ideology. And there’s something to be learned about the times we live in by peeling away that wrapping.

Same dips hit who said this...don't listen to that smear piece.

>>14026557
lmao fuckin rekt

just bought 100k

>>14026615

Oh look another kool-aid drinking cultist.

>When it comes to cryptocurrencies there’s an additional factor: It’s a bubble, but it’s also something of a cult, whose initiates are given to paranoid fantasies about evil governments stealing all their money (as opposed to private hackers, who have stolen a remarkably high proportion of extant cryptocurrency tokens). Journalists who write skeptically about Bitcoin tell me that no other subject generates as much hate mail.

>So no, my barber shouldn’t buy Bitcoin. This will end badly, and the sooner it does, the better.

lmao what a fucking retard. Bitcoin isn't the only cryptocurrency.

He has a good point though. Bitcoin is more like a $100 dollar bill due to the transaction fees. But that is being solved right now. The black market shit is vastly overstated too since bitcoin doesn't really provide any anonymity - whole blockchain is transparent. Monero on the other hand has a focus on anonymity, and yet it's seldom accepted in the "black market", even though it should be a gold standard by now by his logic.

He also forgot to mention with bitcoin you can literally move 1 billion dollars with a fee of like $10.
Good luck doing ANYTHING close to it with. Banks will take much more than that. And it won't take just a couple of hours like with bitcoin, it will take days, weeks, perhaps months. You will have to deal with bureaucracy. And god help you if you move the money from like some asian contry to US. Frozen funds guranteed and then probably court battles. In the virtual cryptographic space, there's no courts. There's no banks. There's no countries. As long as you can connect to internet, you got your funds. Simple. There's no banks to control or close your account. Your funds, as long as you own the key, are absolutely safe. No one can control your money. You decide. A bank can't arbitrarily freeze your account. Government can't seize funds from it. It's a self-sustained decentralized ecosystem based on cryptography.
Whether you're a billionaire, millionaire, upper class, middle class or poor this is all beneficial to you. Inflation with cryptocurrency doesn't exist. Countries can't dictate you anymore how much your money is worth - the people decide. Your money is safe from country's stupid policies, since your money is not connected to any country and so on and so forth. If you don't see the possibilities this enables to all people all around the globe you're a fool.

>>14026516
it is a total hit peace
fuck bitcorn, but that article is bullish

>>14026638
keep coping, you're doing great!

>always do the opposiete of what economists say
thanks just bought 100k

Some people also talk about tax evasion. Really? People can do the same fucking shit with cash(which is more anonymous than bitcoin) Tax evasion isn't caught by controlling money but rather noticeable income. IRS won't visit you until you after you own a couple of cars and houses. As a matter of fact you can probably amass like $500k in your bank account without anybody noticing as long as you don't do it suddenly and no one will know. Look up bank policies. Again NOTICEABLE income. Or you can get paid in cash. Being paid in crypto would be no different, and last time I heard, it's completely legal to get paid in cash, no? So, how would cryptocurrencies thwart that process exactly?

Don't get me wrong. Many governments would love to ban cash, but they know that this would be stating they're now a police state. But in the tax department it changes nothing. It's even beneficial for many corrupt government officials. The only thing that truly changes in this context with crypto is...... no need for banks anymore. No need for federal reserve. No need for central banks who decide what you should do with your money. That's why bankers hate it and why they speak so against it.

One day cryptocurrency will be probably the only major currency available. Just like all inventions, they go through the ridicule stage. This happened to the internet. This happened to the invention of electricity...
First they laugh at you. Then, they fight you, Then, you win.

>>14026516
((((Krugman))))

>>14026557
>he doesn't know the context of that quote

>>14026557
/thread
>this guy got a nobel prize of economy
Krugman is the living example of jewish nepotism

>>14026638
This anon is right. There's a lot of crypto cope in this thread.

>>14026728
With paul krugman especially you should just turn around 360° and walk away. I have to thank him for opening my eyes on "experts"

please fud them for 10 morr yeard, they deserve no bitcoin under one million

>>14026735
eot

>>14026557
gg easy

>>14026740

>P. Krugman 1998, “The growth of the Internet will slow drastically, as the flaw in ‘Metcalfe’s law’ becomes apparent: most people have nothing to say to each other! By 2005, it will become clear that the Internet’s impact on the economy has been no greater than the fax machine’s”

>— Atlas Bridge (@atlas_bridge) December 24, 2017

??

>>14026643
You need to cash out to use the money you're trying to move.

The USA is gripped by crypto taxes right now. Why would anyone choose to move 50 million USD in BTC when I can simply fly to Switzerland and put it in a safe account?

>>14026927
What? Converting 50 million USD to BTC and back doesn't cost you any tax. Since you don't gain anything.
Also the whole point is to not have to withdraw to fiat.

>>14026516
>Krugman
Opinion dismissed.
He's an old world guy if there ever was one. He can't recognize political patterns so I doubt he's able to understand technology or Economics anymore.

>>14026516
>He trust a keynsian

(((Krugman)))

Fuck this Keynes central banker faggot

>>14026638
haha dude you are totally right! Only retarded tinfoilers believe the government drains your wealth through inflation lol

> Like Bitcoins, $100 bills aren’t much use for ordinary transactions: Most shops won’t accept them.
Wait, what? Is burgerland like Sweden already? Shops don't accept cash??

>>14026516
HAHAHHA


PAUL KRUGMAN?

THE SAME FUCKING URCHIN WHO SSID THE MARKETS WOULD TANK SOON AS ORANGE MAN WAS ELECTED?

>>14026516
>59,294 #BTC (464,452,994 USD) transferred from unknown wallet to unknown wallet
https://twitter.com/whale_alert/status/1136583803651182592

someone's fallen for it

>>14028123
Bump this question

>>14026643
>lmao what a fucking retard
>retardcultistshit.txt

>>14027936
Kek

I like when peter schiff roasts him

>>14026516
This is bullish

>hurr durr bitcoins aren't backed up by anything
And fiat is..?

(((krugman)))
every single time.
don't sell them your crypto

>January 2018
try harder next time

>>14028119
I'm tinfoiler then.

>>14028185
Most shops still accept cash, just not bills bigger than a $20.

>>14026516
Why do Jews hates bitcoin so much? Everytime when I see post like this, Google source/author, he is always Jewish, that can't be coincidence.

You know what isn't a scam?

Do real investing instead of crypto gambling

https://anecdotepodcast.podbean.com/e/i-want-to-invest-but-where-do-i-start/

https://anecdotepodcast.podbean.com/e/weed-bitcoin-and-gold/?fbclid=IwAR02pfJwUncvltw-7ZGIgsdCmpa_R95-UScecBy5A1kalfaeaJwL3YA1IqQ

>>14028293
Crypto is making their historical professions obsolete.

>>14028288
How do I live in USA if I only use cash & crypto because fuck kikes?

>Krugman saying crypto is a bubble

Legitimately the most bullish signal I've seen ever.

>>14026557
>kike fuds the www then crypto
Fucking kek. You can’t make this shit up. BUY SIGNAL.

>>14026643
A-fucking-men. You're preaching to the choir, but preach on Brother Anon.

>>14028293
The whole point of bitcoin threatens the solvency of the international banking system.

>>14026740
the context is this boomer is fucking retarded

>>14028313
bitcoin is not a gamble
futures market is gambling

>>14026643
For Money transfer Ripple, Litecoin and stellar would be faster than Bitcoin and more efficient. Bitcoin will be treated as a store of Value!

But ya correct money transfer with cryptos is much faster and easier!!! Just make sure you transfer like for like! otherwise, you lose your money! They are here to stay...

>>14026927
They are forcing them to become more transparent with concealed and secret accounts! the process has already started!
In fact it started out a few years ago!
they are tightening the rules dude

>>14026516
I sold it all

>Just use visa/altcoins
- Blockstream.

>>14026557
He didn't actually say that, right? This is just some fake news?

>>14026516
Paul FUDman

>>14028982
>https://anecdotepodcast.podbean.com/e/i-want-to-invest-but-where-do-i-start/
Hedge funds are gambling!

>>14026516
Why is the New York Times in chinese?

>>14029581
Paul is wrong a lot of the time. The only reason people listen to him is because he reaffirms their personal beliefs.

>>14026742
Obongonigger got a nobel prize too. It's a completely meaningless award.

>>14029650
The financial Nobel isn't even a real Nobel. It's just made up thing by some organization that is fraudulently called a Nobel.

>>14026557
This gentleman lives in the middle ages!
:-)))))))

>>14026557
>Nobel prize winner
They litterly hand those out to anyone.

>>14026516
>(((krugman)))
>real economist

>Paul “e-commerce is unsustainable” Krugman
>real economist

Pick only one

have you noticed Facebook is also moving int to this crypto space

Apple's iPhone Is Taking Its First Steps Into Bitcoin And Crypto
its upcoming iOS 13 software release will feature what Apple calls a "cryptographic" developer tool.

https://www.forbes.com/sites/billybambrough/2019/06/06/apples-iphone-is-taking-its-first-steps-into-bitcoin-and-crypto/#522d2bfc20c6


https://www.forbes.com/sites/billybambrough/2019/06/06/facebooks-radical-bitcoin-beating-cryptocurrency-plans-revealed/#139f9dc73564

kikes will always kike
https://www.youtube.com/watch?v=3CCDAsGDwPs&t=2s

>>14029853
This. How the hell does anyone still take this guy seriously. He’s literally always wrong.

>January 2018

>>14026732
>Many governments would love to ban cash, but they know that this would be stating they're now a police state.
Straight from the imf. In the article they mention it would only work with a cashless economy
https://blogs.imf.org/2019/02/05/cashing-in-how-to-make-negative-interest-rates-work/

>>14029828
/lit/ here. Still pissed they gave Bob Dylan one despite never giving James Joyce one. The whole thing is a joke.

>>14030025
he's a reverse signal. he's consistently wrong, so it's worthy to hear him out and do the opposite.

Crypto is a warm, fucking blanket falling over the whole 10-20 individual machines running the world today. It's entirely global. There's no borders here. There are not special times. Or dates, holidays, anything to close off of. It's global, let that sink in... globally, 365-24/7. THAT. is what we crave as the whole human race. The internet exposed our commonality.

If you're American, European, Chinese, Japanese, and all the other races, you've been exposed to your own limitations via your nations GDP. Your business ventures, up until now have been solely funded by people of your own race. All the metrics are based off America exclusively, China exclusively, like drips of water falling into separate buckets. Imagine dumping all those individual buckets into a pool and started pumping a hose into it, THAT's what is growing right before our eyes. The fear-mongering that runs rampant over the idea of crypto stems from DECADES of mistrust between nations. All the wars fought between each other for valuable resources, all the lives lost, the mistakes, the tragedies... it makes it hard to trust someone living on the otherside of the planet when their ancestors tried to eradicate your bloodline. But, yet again, the internet has exposed those prerogatives to be government driven agendas. And we as a human race, think its total fucking bullshit. We're wising up to the fact that we don't need to be governed the way society has BEEN telling us for centuries.

>>14030728
Wise Words Here

The state of that garden..

ONE
WORD

T O O L I P S
O
O
L
I
P
S

>>14028293
I wonder what animal would call something they hate and fear "rat poison"?

>>14031266

What’s better than roses on a piano?

.

. .

. . .

. . . .

. . . . .

. . . .

. . .

. .

.

TULIPS ON AN ORGAN

>>14028293
Everything that's good and yells freedom is tainted by jews.

>Paul Grugman

Can't make this shit up LOL

>And while most of us can go years without seeing a $100 bill,

AHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

Imagine taking financial advice from this person

>>14026516
>Bitcoin has no intrinsic value
He literally contradicts his own statement tho, people are always going to want to buy drugs and other things that they don't want their government to know about, bitcoin is currently the most popular way of doing this, until a better alternative is invented, bitcoin will always have intrinsic value, at this very moment Chinks are converting massive amounts of yuan to bitcoin for this very reason, in order to hide it from their government, so are Venezualans.

>>14026516

Fuck. How did I let a bunch of NEETS in a Chinese cartoon imageboard convince me to buy internet meme coins?

>>14031578

>>14031578
reality will convince soon enough

>>14031578
See you in 2020 frens