/biz/ - Business & Finance

You had two years OP, you can't fud the price any longer

Muh boomer rocks

>>16196255

>>16196255
Ok, and what facts do you have to back up those claims? I am tired of tinfoil-head fags.

>>16196267
I bought chainlink in 2017 but I sold them months ago at $4.00. I know it's a solid project but when world economies collapse everyone will be running to the only proven safehavens which exist in precious metals. Boomers definitely won't shove their bills into the most volotile market available. Sorry but no amount of technicals will convince people otherwise. This shit is going down before the end of the year.

>>16196349

I bought ETH in 2016 and sold it at $1100, LINK is going exactly the same way.

about gold: Peter Schiff is more based than portrayed by most ignorant fucks.

trying to estimate the value of gold going back 2000 years.
https://commodityhq.com/education/a-brief-2000-year-history-of-gold-prices/

in comparison, crypto can go fuck itself. it does not matter what the roi was of bitcoin or chainlink or other cryptos. they are still just software.
dont forget that. software is always novel in the beginning but then becomes fucking accepted and later becomes fucking replaced and obsolete by some new fad...

thats it.

>>16196293
Hah, Do you know why stocks fall 50% in recessions and 90% in depressions? Because people move there money into the safest assets available. People run to the buy the us dollar and when hyperinflation hits they run to deflationary assets and buy gold/silver but by that time there won't be any precious metals left to buy. Get ready for the next 1929 fags. Some of you will be jumping from building and I'll be the one laughing.

>>16196255
>don't follow the crowd
>but follow me when i tell you to buy boomer rocks

i still like crypto but only for what it is and the benefits it gives us. not because it's replacing gold or some other bullshit reason

>>16196267
>>16196273
>>16196276
>>16196293
>>16196364
Delusion

Everyone knows you do the opposite of the crowd.

>>16196429
The crowd is telling you to buy chainlink you retard. Hundreds of chainlink threads a day every day. There is a total of one or two precious metals thread every week.

>>16196364
I respect that you bought eth early but there wasn't a threat of depression on the horizon like back in 2015.

>>16196487
what you're saying is there's still a group of people telling me to buy boomer rocks heh

>>16196364 #
I respect that you bought eth early but there wasn't a threat of depression on the horizon back in 2015. Things are different now.

>>16196364
I respect that you bought eth early but there wasn't a threat of depression on the horizon back in 2015. Things are different now.

>>16196669
Gold is lindy but chainlink has higher profit potential

>>16196450
>Everyone knows you do the opposite of the crowd.
if you don't see the glaring fallacy in that sentence then you deserve not to own link

>>16196255
the fed can keep this ponzi market propped up for a number of years more, at least until we start to see real inflation

you will unironically miss out massively by not being in crypto for the 2020/21 bubble

Imagine not stacking physical pms and loading your crypto bags in this, the year of our lord, 2019

>>16196424
You do know Chain Link is the safest assets available? You can HODL all the silver you want, but if no one is going to use as currency for their services then what is the point?

>>16196751
imagine thinking crypto would moon in a collapse LMFAO!
Crypto is FIAT times 100, actual thin air pixels. Atleast USD can actually be held and is backed by petrodollar, crypto will be the first asset to drop to 0 in a financial collapse, thinking people will buy the most volatile asset on the planet in a collapse KEK! Fucking hate you bitcoin to a million moonboy LARPers
But you bought pms so you will make it

>>16196695
That is not how the fed or economic collapses work. First you have some retail investors pour into the stock market which we are watching happen right now. Then you have something go wrong like millions of people defaulting on loans or a major bank leading to a chain reaction of other banks failing. When this happens every market in every sector collapses as people run for the US dollar. As this happens the price of everyday items priced in usd will fall prompting people to hoard the US dollar and precious metals while the economy collapses. In response the fed starts hyperinflating the dollar to get people to put their money back into the stock market and while this happens gold and silver will rise.

>>16196802
Putting all your eggs in one basket, and so on, I get it. I’m not a retard and have an okay job. I have a USD savings account and a pile of gold and silver, the crypto thing is just speculation/gambling.

>>16196806
>this is the end
>we’re doomed
>crash imminent
>buy my boomer rocks lol

Ok boomer

>>16196806
>Then you have something go wrong like millions of people defaulting on loans or a major bank leading to a chain reaction of other banks failing.

This is my point though. The Fed is continually propping up these banks. They aren't going to fail tomorrow like you say they are. They are literally conducting a new round of QE under everyone's noses, without calling it QE. This market can stay irrational for quite a long time at this rate.

>>16196255
>When it comes all of your shitcoins will fall another 90%.
good i'll just buy more

>>16196255
DB won’t collapse the EU is going to become more tight knit after the uk leaves and form a monetary union

>>16196835
>comparing commodities that have been traded AND kept their relative value for millenia to 100-200 year old scams and feeling smug while doing it

>>16196835
there are people who have lived as long as that chart. PEOPLE ok?

>>16196424
Lmao at your condescending little attitude, this isn't rebbit most of us here held precious metals way before we ever looked at crypto.

>>16196969
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAEUHAHAHAHAHAHAHABECOMINGHAHAHAHAHAHAHAHAMOREHAHAHAHAHAHAHATIGHTKNOTHAHAHAHAHAHAHAHAHAHAHA

>>16196255
utterly nonsense

>>16196411
Can you point to the line of code that gives bitcoin its network effects please Peter

Why buy boomer rocks when you can short boomer stock and make a ton of money off that? If you know for sure that db is going to go under might as well short via margin or puts.

https://www.google.co.uk/amp/s/www.telegraph.co.uk/business/2019/11/09/deutsche-boss-urged-give-investment-banking-job/amp/

Yes goyim KEEP BUYING SHITCOINS, they are pulled out of thin air and have no real value and will disappear the instant your electricity goes off but keep buying them. Gold is worthless.

>>16198446
if the world economy collapses it doesnt matter if you have profited a trillion dollars by the time hyper inflation hits you'll be the worlds supplier of toilet paper

>>16196255
ok doomer

>>16196267
Before you buy, let me tell you a story.
I was visiting San Francisco to see one of my friends. We went to a strip club, and while I was there, I saw Sergey, surrounded by women. He was throwing tons of money at them, but not just bills. It was stacks upon stacks of $10,000, sealed up with the white paper bands, like he had just come straight from a bank.
I went up to him and congratulated him on the success of Chainlink as of late (this was about a month ago), and he started laughing. He took a hefty swig from a bottle of Dom Perignon, and said, "Yeah? You think I care, stinky?"
Confused, I asked what he meant, and said that he had obviously put a lot of work into LINK and he should be proud.
"Fundamentally, I don't give two fucks about Chainlink, kid."
He was about to say something else but one of the strippers tapped him on the shoulder. Sergey pulled out from his pocket the biggest ziplock bag full of cocaine I've ever seen in my life. It looked like one of those gallon bags, almost bulging at the seams. The stripper ran off into a back room with it.
He then pulled out a Zippo lighter.
"You wanna know what I think about Chainlink?"
He snapped his fingers and a stripper handed him a bottle of Hennessy. He then pulled about 20 stacks of bills from a duffel bag, threw them on the floor, poured cognac all over them, flicked his Zippo, and dropped it onto the pile. Almost instantly the whole stack caught.
I stared at him, speechless.
"It's called a 'PUMP and DUMP,' kid."
He laughed as he watched the pile burn before losing interest and going into a back room with his entourage of strippers following carrying duffel bags full of what I assume was money and coke.
This is the man you are supporting by buying LINK.

>>16196349
Well, what financial system will replace the current one? It won't be boomer rocks. By the timeyou realize you should trade your gold for btc (gold is okay to get you through the collapse) it will be too late.

>>16198638
Financial doomsday imminent

>>16198668
>implying the internet isn’t going to go down and you’ll have access to the exchanges.

>>16196689
Nice. OP BTFO and confirmed brianlet

>>16196424
>Do you know why stocks fall 50% in recessions and 90% in depressions?
Which makes it the perfect time to buy. Just short crypto, short chainlink and wait

You don't understand the psychology of the zoomer so you can't talk about future market activity

>>16197036
Well, it's not like gold has never experienced hyperinflation.
Mansa Musa gave out so much gold on his Hajj he fucked Egypt's economy and raised prices in the whole Mediterranean for decades.

>>16198631
Niggas gotta shit, sure as they gotta eat.

>>16198675
It’s true