/biz/ - Business & Finance

>>17658597
The people who think crypto is a reasonable store of value are likely right on par intelligence and understanding wise with those that think fiat is too. Good luck disproving that quantifiably.

I read that must of Bitcoin dumping has to do with some pyramid scheme where a whale is dumping his bags as it collapses or something?

>>17658597
Boomers were right all along... Well get back to work I guess

>>17658597
we don't hold king shitcoin we hold LINK

LINK has actual value; it's a commodity. King shitcoin has micropenis block sizes and is expensive; it's only propelled by greater fool theory

dump king shitcoin and invest in technology, not chucky cheese tokens

>>17658597
Fuck. Why the selloff?

Hypothesis:
+ China miners selling. Has mining been affected by COVID-19?
+ Crazy YOLOers selling crypto to cover the losses and margin calls on their stock gambling
+ Deflationary expectations. Then why gold pumps?
+ Bitcoin as risky assets instead of safe haven. This is bearish.
+ Other

>>17658597
for a boomer concerned with shiny rocks, he's awfully vocal about cryptocurrencies. it's like he is fudding crypto on purpose

>>17658597
schiff always right.

>>17658616

At least you can't hyperinflate bitcoin.

>>17658635
Mining has been affected harshly by COVID-19.

>>17658634
>a commodity
>with 1 guy in a plaid shirt owning 2/3rds of it

>>17658638
He's stubborn and abrasive about everything. He's based though.

>>17658647
fuck ur girls vagina

>>17658647
>"At least you can't hyper inflate something that can be boxed out and made illegal by the government, haha I'm so smart"

>>17658597
it's all he has imagine being a trust fund faggot from connecticut and all you can do with your life is shill rocks for 10 years during the biggest bull run in history the fact that he hasn't killed himself or been killed by one of the rubes he calls his "clients" is preposterous. he'll die in prison like his shithead father

>>17658641
>believes in TA
Why would a goldbug believe in TA on bitcoin?

>>17658597
also his tweets are unironically the best indicators of bottoms in BTC that exist because he has a huge vagina and only has the confidence to shit on BTC when it is down enough to excite even a complete retard

>>17658597
he's right about BTC, he's wrong about crypto

>>17658647
You can't hyperinflate poop with my DNA in it either you dumbass.
I only shit twice a day.

>>17658635
+ People are finally realizing that Bitcoin worths nothing

>>17658705

Gold was made illegal by the government as well. Thats just completely retarded argument.

Again, at least you can't hyperinflate bitcoin like how you can do for reichsmark, oops I mean USD.

>>17658597
ffs can this kike shut the fuck up already

>>17658647
That's not a good thing.

>>17658792

Yes you can. They can start force feeding you like a pig and lo and behold, you start hyperinflating your shit.

>>17658824
I should probably stop giving ideas then

ITT everyone forget how manipulated BTC by tether and exchagnes.
They can pump and dump the markets to shake you out anytime they want. Everyone selling is selling to get back in lower

>>17658815

>T: (((Central banker)))

>>17658647
>At least you can't hyperinflate bitcoin.

BCH and BCHSV and all the other shitforks disagree with you.

>>17658641
The guy is such a seething boomer.

>>17658799
Gold you can keep in your hand. Crypto you cannot. Account.

To be fair, I'm not for ant fiat currency either. Glypto gurency is just a generally imprudent allocation of resources. That's all.

>>17658837
it's the margin traders. whales can shake them out any time, you can NEVER trust short term price movements on crypto.
never ever margin trade crypto.

>>17658840
Indeed.

This dude probably has more Bitcoin than all of biz combined. FUDS his own bags everyday what a madman

>>17658597
Implying it's related to the stock market.

>>17658865
at least i can leave my country anytime and change my bitcoins into the local currency, good luck doing the same with gold.

Also buy Cardano and BAT shit is on discount. We're gonna moon boys zoom in then zoom out. This is the last dump. Pretty much everything on Coinbase and the top 50 on CoinMarketCap.

Cardano
BAT
XRP

Those are my Golden Bull bags

IDK if I should dump BAT for ZRX

This is it niggers dutudsfsgshyh7r7id

>>17658597
that's his shtick. he makes a living from it. good for him. idgaf

>>17658865
so gold can be taken away from you.
crypto cannot (if you store it in a sufficiently smart way i.e. a 12 word seed phase in your head).

Difference is 10% is regular movement for us who gives a shit you boomer

>>17658705
>>17658865
I'm so sick of reading posts from short sighted, retard boomer faggots. Whatever shekelstein prints you believe. Absolute monkey kill yourself. I hope you lose it all.

>>17658858

T:Brainlet

>>17658597
So how much is gold up this year? 10%? Buy some bitcoin now, sell for 10% higher in a week or two max and you already beat gold.

>>17658597
Go back

>>17658597
Btc lives rent free in peteys head

>>17658918
BAT is a meme. Meta net makes it obsolete. BSV and you’re good

Schiff calls the bottom again, what a legend

Based peter,
only retards stayed in crypto post-2017 bullrun.

>>17659134
>in a week or 2 max

>>17658858
oh my god you have no fucking clue what you're talking about, just shut up
given these forks have literally no logical connection to the main chain, this is even worse than saying that if someone endlessly just generated new tokens on ethereum, it would somehow bring down the value of ethereum and by that same principle ethereum's value would be shifted into the newly-minted tokens
you are oblivious to basic matters of bitcoin's operation

>>17659226
an ID befitting of such opinions
i'm all-in on crypto and have been up 80x since august 2017
with chainlink, you just win

Bitcoin is antiquated and so is Peter Schiff who is emotionally invested in its failure

>>17658705
> Gov doesnt control fiat value
Btw remember how easy it was for jews to flee Germany with 10kg of gold in their bags in the late 30's ?

>>17658597
Meanwhile his genius foreign stocks are getting rapped alongside all the other stocks. Stick to you shiny rocks you fucking boomer.

>>17658705
what? you can have 100 btc on a thumb drive hidden up your ass while on a plan or crossing a boarder.

>>17658597
Boomer kike who?

>>17658635
>Why are people getting rid of a speculative get rich quick scheme during a total market meltdown?
>A get rich quick scheme that's now owned by Wall St.

Crypto is just composed of people looking to make a quick buck and claiming anything to the contrary is horseshit.
Things like this don't last during economic collapse.