/biz/ - Business & Finance

>>15928309
fuck off nigger

what value do shiny rocks have?

>>15928309
Fuck off, faggot, this is a crypto board

sage dumb newfag

>>15928321
We refuse to continue accepting your fake money.

>>15928336
>>15928333
fuck off circles

Thank you based Boomer. Now that I'm sure everyone else on biz doing it, I will now now stop speculating on worthless units of high technology start up economics and start buying rocks.

>>15928309
I ain't buying your shiny rocks, Eugene

>>15928764
Nigga said high technology startups LMFAO.

Would much rather have a shiny rock than some stupid useless code.

>>15928309
>Central bank says gold would be needed post reset to establish new currency
>Top banks go on record saying gold is necessary to secure financial future
>Top wall street insiders quietly accumulating gold and silver
>Economic crisis right around the corner and reported literally everywhere
>Signs already cropping up of an economic slow down
>Banks heavily over leveraged worse than in 08

Nothing to see here anons... remember boomer rocks are just a meme...

>>15928309
>This board will shift from a crypto board, to a full blown precious metals board in the next few years.
not happening
>>15928830
based

>>15928876
Based. Accept the inevitable, and benefit from it.

>>15928309
>buy rocks
No thanks boomer.

>>15928830
>>15929364
>>15928764
Call them rocks all you want, but how stupid will you feel when these "rocks" btfo every single one of your investments well within the next decade? You can't beat history. BTC is the only crypto that stands a chance, and you likely won't see flight to it when shtf.

>>15928321
>>15928764
>>15928322
>>15928336
>>15928830
>>15929391
>1 post by this id
Sad ass samefagging poojeet! You don’t even have the IQ to realize you literally cannot shill on this board without shiny rocks. You mouth breathing retard! You will be paying me to be able to shitpost soon enough!

>>15928876
>>15928852
>>15929391
Extremely high IQ and very based

>>15928309
This is how things work, the highest IQ’d posters get listened to by lurkers, Rakesh keeps shilling his pixelbags so he can break even, and all the lurkers end up buying metals. This then transitions from 4chan and goes mainstream.

>>15929474
That last you is supposed to be in the High IQ bracket not lumped in with those designated street shitters

>>15929391
>how stupid will you feel when these "rocks" btfo every single one of your investments
I wouldn't feel anything at all, considering I would instantly die of shock.
My shitcoin investment is at a very comfortable 10x on initial in just the last year. If you had bought the decade low of gold back in 2015, you would currently be looking at a handsome 1.5x return. The decimal is not a typo; that's one point five.

>>15928309

>>15929506
>>15929512
>im up way more on my pixelated investment, this shit is going up forever!
>why yes i did buy BTC at $0.01!
>these gains are so much better than fucking rocks!
kek shut the fuck up jamie no one is buying your low energy shilling

>>15929552
>jamie
>shitcoins
ok boomer

>>15929562
>he doesnt know the kikes created BTC
Lurk more newfag, you need to go back

>>15929581
Go back to plebbit you cancerous namefag

>>15929641
>no you go back
low energy sperglord, redditniggers think BTC will kill the federal reserve too, you belong over there upvoting those posts dipshit!

>>15928333
This board was better before the lazy crypo-gambling teenagers invaded

>>15928309
>to a full blown precious metals board
You will die of old age before this becomes a reality you old boot.

>>15929506
>My shitcoin investment is at a very comfortable 10x on initial in just the last year
Congratulations. Now trade that in for actual value.

>>15929581
I am becoming increasingly convinced that BTC was created for more nefarious purposes.

>>15929700
>You will die of old age before this becomes a reality you old boot.
Just wait and see. Unless all of /biz/ has the conviction to go down with the ship (they don't), everyone will flood to real assets.

>>15928309
OP is clearly a newfag if he can't identify bitcoins inherent value or ethereums practical usecases like the evergrowing defi project.

Good luck OP why don't you buy index funds while you're at it with your clearly superior investing complex

>>15929714
I will mention though I own PM's myself kek

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

This stupid nigger doesn't know that private ownership of precious metals is one of the first things to be made illegal in a crisis scenario.

>>15929781
doesnt realize how easy it is to ban crypto. Stupid easy. Ban all fiat on and off ramps. What you gonna do faggot?

>>15929714
>BTC’s inherent value
HAHA!
It has none though, its a useless line of code.
Only single use case of bitcoin is to trade your code over thin air to a bigger retard at a bigger price.
>>15929743
t. Increasingly nervous glownigger

>>15929834
http://csinvesting.org/wp-content/uploads/2017/01/The-Care-and-Training-of-Your-Pet-Rock-Manual-by-Gary-Dahl.pdf

>>15929714
The value proposition of the Bitcoin network is that it is a permissionless, decentralized payments network that has units of account known as bitcoins. You'll probably argue that bitcoins have "inherent" value because they are the perfect form of money because they are fungible, durable, divisible... yadda yadda yadda. But what you don't understand is that the "inherent value" meme is just that... a meme. Even for PMs. There is only such thing as recognized value. And money is a emergent technology that is built off of this "recognized value" over many years/decades/centuries. It's extremely hard to just decree a money and get people to recognize it as such unless you have the power of the state. Bitcoiners always want to talk about theoretical value proposition of BTC, and completely ignore the reality. If you've ever listened to Marty Bent on Tales From the Crypt, he always talks about how his biggest fear for Bitcoin is that people just won't care enough... And I don't think he's concerned enough about that desu. People will rush to gold and silver, because it has historical precedent of working. Also, explain to me how the network will work when bitcoins become so fractionalized that it's impossible to move UTXOs because they are worth less than transaction fees? "Ah but bitcoin is a SAVINGS technology, not a PAYMENTS technology" you'll say. Well, what happens when you actual have to use those savings for something? Saving is just future spending, that money has to move at some point.

>>15929781
>JewSA Decree
>Mining BTC is illegal
>Owning BTC is illegal
>Spending BTC is illegal
Well... Good luck with that.

finally accumulated a 100oz suicide stack
feelin comfy

>>15930152
Noice. Keep stackin anon.

>>15929851
>Hasn't read up on atomic swaps
>Wants to stick to the fed and banks cucking your life
>Bitcoin is not theoretical
>Designed a decade ago and was so good at it's job literally became the most valuable currency and has had entire infrastructure now built to facilitate it's use
>People still acting like it's a scam
>Nigs break into house and steal your rocks
>Too stupid too know how to steal your crypto or even where/that it even exists because it exists in the ether
> currency that will work after the singularity
>immutable
>Divisible
>Non inflationary

Should I keep going anon

What coins do you buy? I usually only buy ASEs but thinking of getting some Leafs.

I have a couple tubes of Krugerands and Philharmonics just for fun but my bulk is all ASE.

>>15930244
>Hasn't read up on atomic swaps
Okay. Explain to me how atomic swaps solve scaling issues. I have only heard of them in the context of cross-chain trades.

>Wants to stick to the fed and banks cucking your life
No, that's why you buy silver and gold. You're seething so hard that you're strawman-ing.

>Bitcoin is not theoretical
>Designed a decade ago and was so good at it's job literally became the most valuable currency and has had entire infrastructure now built to facilitate it's use
>People still acting like it's a scam
I said the value proposition was theoretical, not Bitcoin itself. All propositions are theoretical. Bitcoin is the 37th most valuable currency by market capitalization. It's not a scam, but that doesn't mean it's a viable alternative to our current system.

>Nigs break into house and steal your rocks
>Too stupid to know how to steal your crypto or even where/that it even exists because it exists in the ether
Buy a gun, defend your rocks. Don't be a pussy anon.

>currency that will work after the singularity
>technologist viewpoint, the singularity is inevitable
Sorry, but I think things will collapse well before then. Technology has made our societies more volatile, and a lot will be burnt to the ground before this can happen.

>immutable
>Divisible
>Non inflationary
Congrats. Will anyone care? Bitcoin needs slow adoption for these ideas to matter, and the near to mid-term future is looking a little bleak. Tick tock anon, Blockstream better hurry up on getting BTC to scale.

>>15928309

what you are a seeing is people from the earlier /biz/ days running out of profits and now returning to search for new riches while spreading their knowledge

> me

>>15930272
ASEs are good. Otherwise I buy bars. Krugerands seem nice, but I can't get over how much I dislike the look of Philharmonics.

wheres the cheapest places to buy? how do I know my silver is legit?

>>15930379
Yeah I think you're right. I came here in 2017 before the bullrun, and crypto appears to be mostly milked dry at this point. But I also think you are seeing people starting to understand PMs a little bit better as safe haven assets. That's ultimately how I got here. The US financial system is looking more and more ill by the day and I'm trying to not get burnt when things go south. BTC is fine, and I understand why it's valued, but I think you'll see a lot of capital flight away from it instead of toward it if things get bad enough. You're ultimately at the mercy of the miners keeping the hashpower high enough and you're also at the mercy of governments keeping internet infrastructure in place to keep the Bitcoin network from dying of fragmenting. It seems that PMs are the best value proposition right now no matter how you look at it.

>>15930411
Cheapest? I can't give you anything concrete. Places I'd buy from are APMEx, Money Metals Exchange, JM Bullion, or SD Bullion. Those are the ones I have heard of people using, so just shop around.

>>15928309

Crypto is dead except form Link

>>15930614
https://www.youtube.com/watch?v=sgRGBNekFIw

>>15930411
Open account with KITCO

>>15930639
link literally needs crypto to be sucessful for it to thrive

>>15928309
In the next few years will be to late
It’s happening now just wait for the next and last correction
January 2020 people loose confidence in government = commodities rise for a couple of years

>>15930647
Even before this peter was all about foreign dividend paying stocks. in the early 2000s he crushed it and mopped the floor with everyone. This was before he was a gold bug. The man fundamentally understands the system.

>Make money
>Cryptoshit

Select one
Just one

>>15928309
Even in the peak of 2017 most anons saw crypto for what it truly is. Doesn't mean there isn't money to be made, faggot.
>Muh shiny rocks

>>15928309
How do I buy silver? Wouldn't you want to buy ETFs (or if they even exist) or do you buy the actual rock?

>>15930684
I tend to agree, my timelines are conservative. A lot of this stuff can be drawn out further than we think. Example being Goldbugs who thought they made it when gold hit $700 in the 70s... All of this can be manipulated, but eventually it breaks.

>>15930732
That money has been made.

>>15930760
Buy physical. Anything else is just a paper claim on something 10+ other people likely have the same claim on.

>>15930720
Hes a dissenting voice, and people don't like that. But he's extremely smart. Every argument against him can be summed up in one quote: "It is difficult to get a man to understand something, when his salary depends on his not understanding it."

>>15930810
Yeah but it's gonna be hard to sell quick once it pumps no?

>>15930884
I guess it depends what your outlook is. I would rather have physical possession of mine in case things get wacky, but an ETF would be okay if you're just looking for fiat profits. Yes, physical would be much harder to sell, but if enough people want to get hands on physical who have paper claims (ETF), then you might be completely out of luck.

How many oz silver to make it? I have 70

>>15929683
havent you been caught out trying to set up websites to scam people for link tho
people like you are exactly why we need flags

>>15928322
Women like bright and shinny objects. They look better wearing bright shinny objects. Men buy women bright shinny objects as part of a mating strategy.

Also, industrial use.

>>15928309
zoomers have slowly left after the bubble popped, but you schizo boomers from /pol/ are still a minority. /biz/ is still a crypto board and always will be from here on out.

>>15928309
"Assets that truly have value"

Contrary to what bears and moonbois alike think, this will actually happen in cryptocurrency. Bitcoin and ETH are one of them. Kleros should prove itself, in time. PNK is probably one of the best proven (albeit largely unused, for now) projects that has a killer idea, and actual staying power because they aren't degenerates. If you really can't imagine a decentralized court being an amazing idea in the next few years, you should probably just cash out now.

Buy BTC. Buy ETH. Buy Kleros. Use them all and live your life for 5 years.

>>15931446
>unplugs
oops

>>15930647
Trump gave Art Laffer a presidential medal of freedom, and he is an economic cretin.

>>15928309
There were a ton of posts just like this in 2015, too