/biz/ - Business & Finance

I HAVE $800 JUST TELL ME WHAT CALLS AND PUTS TO BUY ON MONDAY

THANKS
YOUR DAD

>>17749914
Hubei is effectively a worst case scenario for death rate for this virus
This is both because they had no idea it was coming and because of a natural process that happens with all simple viruses called attentuation (which is how we make vaccines etc)
The reason normal colds are highly contagious but lowly lethal is that pathogenic profile is best for the natural selection/survival of the virus
Viruses attentuate at each life cycle of the virus in that if it kills the host, fewer subsequent people can be infected, leading viruses to evolve the strategy of the common cold
This is already apparent in the lower death rates seen in later infected populations.

Take Hubei as the worst case for the US
55mm vs 300mm people
3k deaths vs (extrapolated) 18k deaths

In summary:
US worst case scenario 18k corona deaths
For comparison:
Annual flu in the US: 30k deaths
Car accident deaths: 35k deaths
Accidental drownings: 3.5k deaths
...

>>17749914
coronavirus is shit, this is a fucking OIL crisis

>>17750095
A more realistic number for covid deaths in the us will be something like 5k. Maybe 10k if we're unlucky. Remember in mainland china overall cases have leveled off and they have less than 5k deaths in ALL of china, who has a fuckton more people than the US and far fewer resources per person

So why the current reaction?
Think about the actors involved:
The press
The legacy finance sector
Politicians
Retail investors

Literally every member of that list has a strong onus to overstate the case of covid (except retail investors who always get screwed). The press hates Trump and has taken a huge hit in credibility. Normally they'd be worried about overhyping something less important than the flu, but they know they have no real credibility to lose (and a huge number of panic/fear clicks to gain)
Politicans have everything to gain by manufacturing a false crisis and either "saving the day" or criticizing the response of their opponents. The clip you'll never see is one preaching calm and minimizing the situation because the opposition can just put that next to a crying child who lost their parent to covid for a willie horton level attack ad.

If you haven't noticed "smart money" has been pretty fucking dumb lately. Wall st lost their shirts when their tesla shorts closed and they're also shockingly behind the curve on understanding smart contracts architecture (which ironically is a knife put straight at their neck). If there aren't a few reporters getting a few hundred K to keep covid graphics grim I'd be shocked.
...

>>17750361
Remember all the headlines calling for a 20% selloff when trump was elected?
Guess who had underlying buys the entire time. Wall st isn't very smart but what they lack in intelligence they make up for in immorality

So what should you do?
Sadly, do exactly what "smart money" is doing right now- pick up non-moonshot projects at discount prices. Think link-xmr-eth that kind of thing. Anything with a clear use case, large active developer base and that you're sure will be around in 1 year. Crypto overall will get pumped by the same assholes who are "pumping" covid now
Once they've bought in of course

It's all so tiresome

>>17750361
Another take is that we are due for an historic event that fundamentally changes civilization as we know it.

We could be anywhere between "over hype election cycle and its just a flu bro" to "financial recession that lasts months to years and ends globalization."

Where we are between ok and fucked we won't know for another month or two, hence the panic.

>>17750697
What you are describing is a constant consideration
There is literally nothing objective pointing to such a change being more likely to happen now than at any other time

>>17750838
You are recommending people buy XMR and other esoteric crypto projects. You could be correct time will tell I am just reminding people the real threat that is looming over civilization and it would be most unwise to frivolously "invest" at the present time.

didnt read lol

>>17750935
You are exactly displaying the emotional irrational thought process of the dumb money getting fleeced right now
You couldn't have made my point for me any better

If you had half a brain you'd be looking at the Hubei vs worldwide covid curves and knowing where the exact bottom of this is, and structure your buys accordingly.

If you think toilet paper and ammo is a good investment now, you're a fool. Anyone with half a brain has those things already. Smart people buy the think that dumb emotional investors think are "frivolous" and sell when people like you are certain they'll become millionaires

>>17750696
>Crypto overall will get pumped by the same assholes who are "pumping" covid now
Once they've bought in of course

No it won't, institutional investors are risk adverse, not to mention they can just create their own blockchains, after 2017 every big player has looked at crypto and seen what it can offer, the result was we have watched it bleed out, then this pump by exchanges trying to keep the dream alive

>>17749952
I HAVE 13K PLEASE JUST SPOON-FEED ME ON HOW TO BECOME RICH WITH THIS

>>17749914
>>17750095
>>17750361
>>17750696
>>17751106
>smart money
>buy projects with good use case like link xmr eth
>thinks the huge sell offs are directly because of corona and not because of the public panic that will disrupt and has already disrupted travel, supply lines, etc.
Yeah I’m thinking you’re a coping hodler. Doesn’t matter how “rationally” you look at things, what really matters is how people actually react. Bank runs leading to collapse are almost always unnecessary and irrational and are practically self fulfilling prophecies but that doesn’t stop them from happening does it? 2008 crisis was made much worse by subsequent panic (not the housing market itself as that was a bubble waiting to pop anyway so much as everything else) I’m gonna wait a day or two before I buy in so I don’t totally disagree with you but you’re analysis fails to grasp the real reason why markets crash so hard in times like these. And I’ve been through worse and most of my current holdings are pre 2016/2017 anyway so can’t be bothered to write 3 different essay posts to cope as hard as you

>>17751179
>institutional investors are risk adverse
/biz/ doesn’t seem to understand this, also doesn’t seem to understand that crypto already received massive exposure. Financial institutions aren’t run by dumbasses and though many here seem to use the boomer meme to dismiss them and why they haven’t invested heavily into crypto (while failing to provide a real reason why a large financial institution with billions in resources and much better talent pools than any crypto project going atm wouldn’t just create its own blockchain rather than relying on a bunch of obscure projects often based in places like the cayman islands or some such place. Crypto has been around for more than 2 decades now, no matter how many people here like to pat themselves on the back for being “early”, most people here really aren’t. If you haven’t been in crypto before the bull run and subsequent 2 year bear market you’re pretty late. That’s why I’m in this mostly for the swing trades apart from some off-exchange holdings I plan to offload in the medium term rather than super long term like most people here seem to be relying on

>>17750361
>. Remember in mainland china overall cases have leveled off and they have less than 5k deaths in ALL of china,

>he believes china's lies

disregarding all of your blogpost, faggot.

>>17751356
Buy 1 btc at the low price it is currently being offered at. then in a few weeks put the rest in a S&P index fund.

stop stop stop, you are doing all of this critical thinking shit.

I just want a graphic, and about 12 words that end in WHAT THIS MEANS and then something about maybe worse, wash hands, orange man.

>>17751544
Institutions aren't just risk averse, they are long-term. Big money is in fixed income and these people make quarterly and annual calls - it takes a lot for them to move out of a position. They understand that you don't buy $200 million of something based on short-term outlook.

Financials that would be interested in crypto, Bitcoin specifically because the rest is speculative, are the banks. They want to build large holding positions. Some will be selling right now as a way to gain cash to increase stock holdings considering the absolute bargains that are suddenly available there. Once they move that cash into stocks, they'll get back into their crypto positions at the lowered price caused by their selling and the general panic.

YOU are a great example of how many financial industry people view bitcoin - as another investment vehicle. That's not what it is at all, it's actually a new monetary platform. The only rational btc strategy is to buy and hold and the only reason the price swings matter is to see if you can increase your holdings by riding those swings. They won't last more than about five more years, maximum.

Bitcoin is not a hedge against a recession, it is designed to come into use in a monetary collapse, something that is so obviously knocking on the door that it feels silly to have to state it.

There is an IN PROGRESS monetary shift happening and anyone who researches the options concludes that BTC is the obvious new platform because it is superior in every way to all other options.

>>17751378

good god you're stupid. keep spamming "cope".

>>17751775
>That's not what it is at all, it's actually a new monetary platform.
I remember thinking that way as well, 2015/2016 sure was a good time

>>17751613
why not just buy all bitcoin?

>>17751833
>said

>>17751882
Shit lmao that was an accident
>>17751833
>said cope once this entire thread
>keep spamming cope
Yeah you sure proved me wrong.
Also, nice cope and seethe more pls

>>17751866
it's always smart to diversify and that index fund buy is going to show enormous gains over five years.

If you already had $10k or more in a stock fund I'd say sure why not go all btc

>>17750121
Now it is for sure
Shale will shutdown and now we compete w russia

>>17751917
I'm a poorfag, I'll probably put 1k into bitcoin and 1k into an index fund

>>17751851
You didn't THINK that, you regurgitated that based on the musings of others.

Had you taken a proper survey of the monetary world and derived this conclusion on your own then you would still have that view, because the case has only gotten stronger, particularly post-2017.

There are people who understand the fundamental concepts but who have become doomers thanks to reading too much shilling and propaganda on the internet, but no one who wants to succeed in life pays attention to weak-minded idiots like that.

>>17751106
>dumb money getting fleeced
>the "Rational" thing was to hold
massive cope

I only sold 10% of my stack before the crash but im not making excuses. smart people would have realised what was going to happen.

>>17752007
the truth is that while unlikely there is a non-zero chance that BTC will lose all value. the stock index fund will not. this is the purpose of diversification - you have a higher risk and a lower risk position to ensure that in the worst case scenario you don't lose the shirt off your back. in exchange for that security you trade some of the best case scenario.

remember folks, never invest/gamble/spend money you can't afford to lose.

Assuming China's numbers were real, which they aren't, they only achieved such low death numbers because of austere lockdown strategies. The US will not do this. The death rate will be far higher

>>17751378

>>17752097
Are you op and if so what is your opinion on link memes aside

>>17752304
I am not OP and the only crypto I think matters is BTC. There are opportunities in others I'm sure but they are not where your 50%+ position should be.

>>17749914
I agree OP, this seems to me like it is ultimately overhyped. Especially in the US I think we'll be fine compared to Europe and China, if for no other reason than we're more spread out and people don't interact with each other in large groups as much as in more densely populated countries

>>17752028
>continues to cope and can’t provide a coherent argument for his point
I’ve been in this game long enough to have lost the energy to waste my time with newfags like you but I really would love to see how you think the case has only been strengthened since 2017 when literally all that has happened is the exact opposite. I’m still heavily invested in crypto mind you but I’m not new enough or naive enough to seriously still think it’s a “store of value” or a serious “monetary platform” as you say considering the transaction fees alone (that’s just the most basic example off the top of my head because it’s late and I can’t be bothered to get into this for the millionth time in my life). The fact that you refer to bitcoin specifically as being that monetary platform reveals how little you understand this market or at least how new you are. If anything bitcoin is one of the worse cases for which you could make for being a good monetary platform which would see mainstream use. And I’m unironically all in on bitcoin at the moment but doesnt mean I need to have any delusions about where it will be in the long term future.

>>17752226
>I’ll post wojak, that will get him!
The absolute state of nu-/biz/

>>17751106
just screencapped this.

>>17749914
Cases leveled off because only one family member was allowed out of the house once every 7 days for supplies. They welded people's doors shut in some cases or bolted them inside their apartments.

We are doing none of that.

Total recovered / total dead at this point shows 8.65% fatality rate, which is perfectly in line with other novel corona viruses.

2%, which is stated over and over, comes from Chinese data. In any event, 2% with 40-70% of the population infected is going to be multiple millions of deaths and will overload probate courts for settling wills as well as hospitals.

1:20 Lombardy health professionals is now infected. 40 year olds can't get on ventilators due to triage.

So shut the fuck up you retarded /ptg/ Boomer. We should have shut off flights weeks ago, not waited until it was spreading everywhere.

And it spreads during incubation and can incubate for up to two weeks so that shit if probably everywhere by now because even when 90+ cases were tied to a single event, as in Boston, not a single person was taken in and they kept flying and going to events.

>>17752398
I'm familiar with your arguments and agree that it's tiresome to flesh it out a millionth time - that's why I didn't present a "coherent argument" to make you feel better about listening to me.

Based upon your statements you are like most BTC people - you can tell there's hype and are invested but don't have the background knowledge of how money operates to really "get it." That's not an insult by any means, this is complicated stuff and it's not information that is easy to share with other people. In truth, it's simple but it's only simple if you understand a bunch of other complex things.

First and foremost you need to properly understand the way currencies inflate prices and determine the "value" of a commodity and then how those currencies trade against each other. Additionally you must understand what provides any particular currency with its "value" or "backing" as many people say.

Next you have to know what determines the demand and supply of a currency.

Finally, you have to listen to the rich vein of economics theory going back a century that attempts to explain these dynamics in the system as it has existed historically and up to the present.

Once all of those things are well understood you are in a position to properly evaluate what BTC does that is different and how those differences potentially alter the previous historical approach and much of the economic theory around it.

When I saw "monetary platform" I am not referring to what you think - that would be a "payment platform." This is much bigger.

BTC won't be the only "currency" in the future but it will be the most important one. Buying a pack of gum will be done through other means.

I have 0.8 BTC, 1100 LINK, 12 LTC, 8 ETH

Am I going to make it or is it too late for me?

>>17752350
No shit sherlock. We have id's here dipshit

>>17752632
I literally never pull this card in real life but having some fag who obviously thinks they’re far more intelligent than they actually are think they can explain basic economics to me when I have a bachelors in it and am currently doing my masters in finance really gives me no choice other than to pull it. Get your head out of your ass, I did 3 years of it (UK fag) and I can tell you it’s literally not that complicated and it’s not some secret knowledge that is hard to share with others. Your post has such a preachy tone it honestly feels like bait but given how much effort you’ve put into each of your posts surely it can’t be. I’m going to bed now might reply once more after I brush my teeth, might just be saying that so you waste your time posting another tryhard douchey paragraph. your first few posts were mildly annoying but this one is actually kind of funny
>BTC won't be the only "currency" in the future but it will be the most important one. Buying a pack of gum will be done through other means.
kek yeah nah I’m thinking I got baited pretty hard

>>17752632
The only thing that bothers me is the thought that the government would always prefer a centralized currency.
Additionally, they could always "ban" crypto, if they think they can't control it.
Why would they instead choose to jump in?

>>17752398
Oh, and to answer your direct question. BTC has shown resilience and matured post-2017. The fact that it continues to have demand after a popular speculative bubble is key, and during these two years the tools and networks and lightning, etc, have matured and hardened into something trustworthy. BTC has been working on its operating fundamentals for two years and it works better than it used to. There are safe purchases avenues, regulation, and minimal scams of note. These are not the Mt. Gox days, are they.

So that is how BTC itself has strengthened since 2017. The CASE for BTC has gained as the Trump administration has been dismantling the intl trade system and implementing a new one. The move away from the USD as intl reserve/settlement currency is no longer theoretical but in active process.

>>17749914
It's not corona, it's about all the bad USD denominted debt sold to China by the ECB, which they purchased from America to avoid fractional reserve controls.

It's a eurodollar crisis and it's taking the whole market down with it, no survivors.

>>17752825
>Bachelors in economics
LMFAO

Your age is your biggest shortcoming - I'm guessing under 30? That means you don't know shit.

>>17752825
Further, you have no idea what I just did. I gave you all the questions to ask and less arrogant readers of this thread will be wise to take note of that.

>>17752097
What are the chances you think of bitcoin losing all value?

>>17752868
Your government created crypto, why would they ban it? This was their plan the entire time to replace international USD.

>>17752949
15%

>>17752910
>being above 30
>posting on /biz/
Kek and I give myself shit for still coming to this place despite it being a huge waste of time as this thread has proven for the millionth time. Literally last time this place has been of any use was when it introduced me to chainlink in 2017 ever since then it’s been full of cringey newfags like you. Not that I don’t think you’re probably even younger than I am given the content of your posts, if not then you’ve really got to rethink a few things in your life my friend

>>17753061
have sex

>>17749914
2 strains.
Reinfection.
Neuroinvasive.
South American bats.
Good luck with your flu brah.

>>17751572
xi visited wuhan

>>17752885
One last post since this is kind of entertaining
>There are safe purchases avenues, regulation, and minimal scams of note. These are not the Mt. Gox days, are they.
Literally nothing in my post has anything to do with crypto scams.
And to answer that first part, you do realise this whole market is a speculative market right? Just because a previous unprecedentedly huge speculative bubble popped doesn’t mean there doesn’t continue to be smaller speculative bubbles in the market. Btc will grow no doubt, but nowhere near the level you think it will. In fact the only reason why I’d imagine someone would seem so adamant that it will is someone who probably bought in at a high price. Personally I’m perfectly happy with bitcoin where it is, hell even at 5k I can’t really complain. I won’t sell obviously because I know we’ll probably see 10k again and likely 10k+ at some point but I’m in no hurry. Do I think it will be the “most important currency or monetary platform” though as you claim, well I truly wonder how you don’t realise how ridiculous that is

>>17750697
The only way this happens in from a solar flare or nuclear warfare. There is no other possible way this will ever happen.

>>17753108
Kek sorry if I’ve burst your bubble there friend which is what seems to have happened

>>17753215
look kid, you're the dude with the ponytail in Good Will Hunting.

pull rank when you've got your CFA.

>>17749914
>>17750095
It doesn't make sense to extrapolated the deaths from the different form of the virus in other areas from deaths of one area that's afflicted with the original (more lethal) form of the virus. By absolute numbers, we will probably see more deaths from the corona virus in the US because it spreads faster due to its reduced lethality.

>>17749914
You’re scared by COVID-19. Not what it will do to you, but your investments.
Why aren’t you in CoronaCoin?
>Donates to the Red Cross
>One coin burned for every infection or death
Get in before we moon.

>>17750361
>smart contracts architecture

i knew this was coming

>>17753267
And you’re presumably will hunting in this mental fantasy right kek, really can’t tell if I was being baited all along. Has been pretty entertaining though desu, now goodnight anon

>>17753301
The main argument OP makes is that Hubei in China is a shithole with terrible hygenic standards and for that reason we can't use the outcomes to extrapolate for the USA.

Italy is a far better comparison but there are also very big differences to consider there, as well.

All indications are that this coronavirus is dangerous for older and unhealthy people who have five years left in them regardless. There is no reason for extreme concern until you hear about dozens of Americans under 40 dying from this.

The quarantines and closures are a good idea and will help contain the event, which will be in the past by July.

>>17753357
Yes, in the sense that I'm able to identify where your arguments come from and what you'll argue next week after another person you trust tells you something predictable.

Much of economics theory is excellent for the current/historical monetary system. It is important to listen to those people. That said, having excessive knowledge in those areas is frequently a handicap because the "rules" you live by have to be ignored in order to properly consider the emerging future.

Technology has been disrupting every aspect of society for decades, and money is not excluded from that. You don't remember a world before smartphones and the ability to talk to people from around the world in an instant and because of that you don't really know how much has changed. Your boomer professor also does not know this.

Understanding the emerging future requires independent thinking and vision.

>>17753236
This could happen in other ways like major volcanic explosion (e.g. Toba), mass die-offs of critical species, change in climate from polar shift, etc. For some apocalyptic scenarios, the beginning of them necessarily be 100% evident in the beginning. They might start out and small and then gradually grow in size and intensity through self-reinforcing, positive feedback loops (butterfly effect).

>>17753525
There's no reason to consider apocalyptic scenarios in a practical sense. You'll die.

>>17749914
im selling appartment for some time and got offer 7% less than what im asking. normaly i'd wait, but there's gotta be a way to make up for that if i can get that money somewhere now that everything is down. am i thinking right? should i take the offer and go full btc?

>>17753797
Why are you selling the apartment? Do you have somewhere else to live?

>>17753391
>The main argument OP makes is that Hubei in China is a shithole with terrible hygenic standards and for that reason we can't use the outcomes to extrapolate for the USA.

If that's the case, the spread of other diseases like the flu should be worse in China.

Even in the US, people can be very unhygienic. Look at the streets. Look at public transportation. Look at the public restrooms. Look at your coworkers not washing their hands after touching their dicks and butt and then touching doorknobs. If the flu is so widespread in the US despite greater hygiene, there's no reason why this new virus won't become widespread as well.

>>17753989
Forgot picture

>>17753989
You have clearly never been around chinese mainlanders. As gross as American niggers may be they have nothing on your average Chinese villager recently shoved into a massive metropolitan area.

Further, you have no idea what normal flu impacts are in China and neither does anyone else. The Chinese don't even care.

Finally, why do you believe the CDC's bullshit numbers about USA flu rates? They openly acknowledged fucking with that a decade ago to scare people into getting flu shots. The trick was simple - they just moved some common cold viruses into the flu virus category and voila.

>>17753854
i own 2 more, one i live in and other that im renting out. flipping the third one was always my intention. i bought it for a good price because there were some legal issues with it and now that is settled so i can sell for more

>>17750095
I heard Alex Jones say something similar: that the virus is deadlier in the onset than when it spreads (either by mutation/evolution or by design)

>>17754190
If you can quickly close at a price that is a worthwhile profit you should do so. 7% is nothing especially considering the uncertainty right now. Chances are very good real estate demand will fall and prices with it.

>>17753391
My god, a rational and true post on biz, stop this immediately.

>>17751179
This is exactly what is not happening right now
If you don't have a direct source with direct evidence please be quiet while the adults talk
>>17751378
I have an 8 figure net worth and a few million in those assets listed. I'm not coping with anything.
I'm telling you exactly how to time the bottom from those exact irrational actions you're discussing. The telltale sign that you're a low IQ failure is the "i can't take the time to justify my stance"
This is what every stupid person says when they're cornered.
>>17751544
Saying crypto has been around for a period of time and thus invalidated is directly in opposition with your entire argument.
The longer crypto remains a viable asset class, the more likely it is viewed as the kind of stable asset you just discussed institutions are looking for.
You don't even know how to think clearly.
You are nothing.
>>17751572
Show me data to support your argument. Youo do realize that their entire country is in possession of smartphones, right?
...

>>17754051
>Finally, why do you believe the CDC's bullshit numbers about USA flu rates?

Is every other country in the world lying as well?

>The Chinese don't even care.

They have to care because it would impact their economy.

You're just making bullshit claims based off of your conspiracy theories.

>>17754381
Oops, meant to reply to >>17754132

>>17751775
i have majority invested into chainlink, should i move it all in to BTC? i dont care about long term chainlink usage, but i felt in a speculative bubble/bullrun it would possibly outperform BTC. however with today's crash the timeline for a new bullrun seems to have been altered significantly

>>17752910
>Your age is your biggest shortcoming - I'm guessing under 30?
Ah the typical retard boomer response.
>You're young? Ya you're dumb.
Can't wait for you faggots to eat mud.

>>17751668
Finally someone who gets the dark comedy.
I am sitting here in the middle of FEELINGSTIME and making logical arguments.
Just like everyone who wins.
>>17751775
I can tell you that at least two people who control billions of dollars are looking at everything blockchain that excludes BTC. A public ledger destroys fungibility. Think about that for a second.
>>17751833
But it's the best argument he has.
>>17751866
Fungibility.
>>17752090
Again, smart people arent like you
We have multiple streams of cash flow and can point them wherever we want at any time
If you have a cash inflow I'm telling you where to point it.
>>17752164
This is based off of what?
And again all of the following argue against your stance
- attentuation
- societal coordination
- societal resources
- healthcare resources

Please provide an argument which takes into account the above and has an inverse effect that is an order of magnitude greater than those combined.

>>17749914
pretty based post tnxx

>>17750095
>China is not covering up the real numbers of infections and deaths

>>17751775
>They won't last more than about five more years, maximum.

Based on what? What's the road map for Bitcoin? They don't even have a roadmap.

>>17754648
>A public ledger destroys fungibility
Please expand. I'm not entirely sure how UTXOs aren't fungible.

>>17754252
You actually trust this guy?

https://nypost.com/2020/03/11/alex-jones-peddling-toothpaste-he-claims-can-kill-coronavirus/

>>17752378
You are right but for the wrong reasons. Either way you'll be fine.
>>17752524
Please repost this in Nov 2020 when the total crypto market cap is over 1tn and there are cnbc segments entitled "the new smart contract business revolution".
If I am wrong I'll show up here and post an apology
>>17752599
Literally none of your rant undermines my arguments. We will have an equivalent infectious rate with a lower death rate.
You realize why you're wrong, right?
>>17752825
Do you have any idea how pathetic you sound to someone who manages a 9 figure budget? or has two professional degrees?
There is literally nothing worse in the world than someone proud of a non MD/PhD level degree.
Please kill yourself. I mean that genuinely, unironically and from the bottom of humanity's collective heart.
>>17753110
Do you know what any of the terms you just listed mean? outside of brah of course.
>>17753301
That's exactly what I said.
Did you not read the part about attentuation?
>>17753304
Die.
>>17753325
Good for you sport.
>>17753391
Finally someone with a brain cell working
The bottom will be early april? or maybe late march.
The moment the global incident case curve becomes sigmoid rather than parabolic you're a day late in buying.
>>17754252
It takes only a basic understanding of natural selection to grasp this concept.
>>17754381
Listen to this anon.

>>17754975
>You actually trust this guy?
>https://scholar.google.com/scholar?hl=en&as_sdt=0%2C44&q=virus+colloidal+silver&btnG=
yes

i've been listening to his radio show on and off since 2006 and he's right over 90% of the time. e.g. i distinctly remember him talking about the coming crash of the economy months before the housing crash of 2008.

>>17754617
Age is irrelevant. Logical consistency matters. Your arguments have none and now you're grasping at straws.
>>17754736
Glad to be here.
>>17754761
See the above post. You're now arguing not only that China is covering it up but also the entire rest of the world is in on it. Do you have any objective evidence?
>>17754948
A public ledger by definition destroys fungibility.
>>17754975
No, he trusts the entire field of virology and the theory of natural selection. You ad hominem argument is pathetic.

>>17754975
also, how can you read that article and not realize there is a targeted smear campaign on alex jones?

they scrape together random things to make him sound bad: selling toothpaste, denying sandy hook, driving under the influence (which actually wasn't true, he was under the legal limit, and was dismissed immediately)

>>17755184
>There is literally nothing worse in the world than someone proud of a non MD/PhD level degree.
Anon, I'm proud of my B.S. though

>>17755505
>Age is irrelevant. Logical consistency matters. Your arguments have none and now you're grasping at straws.
Btw anon I 100% agree with you. I was replying to the other guy.

>>17755505
>A public ledger by definition destroys fungibility.
I'm following/agreeing with most of your points here, except this.

*In practice*, how are UTXOs derived from a ledger any different than some digital currency that doesn't rely on a ledger (e.g. ripple, stellar)?

Tons of deaths in Hubei have been covered up. OP is not SO2 pilled.

>>17755630
I don't follow.
If you think xlm and xrp don't have public ledgers you're not up to speed on crypto
>>17755748
See above. Are italy, the US, and EU in on it too?

>>17755748
SO2 at 113 micrograms per corpse still means they only under reported Chinese deaths by 10000/day. It's a lot but not unusual for a communist regime.

I still say this is primilarily eurodollar fallout. There's a reason Germany indices fell the hardest today. They're the weak link in the lending chain between US and Chinese banks.

>>17749914
This was a good thread. Thanks OP.
Will you be snapping up any particular cryptos at low, low prices? Before buying would you wait another 24 hours? A week? A month?

>>17755184
>8 figure net worth
>managing 9 figure budget
Holy shit kek imagine larping this hard on /biz/ and actually taking yourself so seriously.
>The longer crypto remains a viable asset class, the more likely it is viewed as the kind of stable asset you just discussed institutions are looking for.
>whole world saw the whole market crash in an unprecedentedly large bubble couple years ago, most large market cap coins falling 40%+ in one day
>stable asset
Kek. Also since you have terrible reading comprehension let me clarify for you, I’m not saying crypto’s age invalidates it, I’m saying that if it were to reach the scale that the other anon was suggesting it would, it would have already at least shown some signs of doing that. Rather than again and again proving itself to be an almost purely speculative asset class prone to continuous bubbles and busts with ridiculously high volatility.
>Please kill yourself. I mean that genuinely, unironically and from the bottom of humanity's collective heart.
Wew boy you sure are upset for someone who supposedly has more money than 99.9% of /biz/ and manages 100mil+, oh wait except you’re a bitter larping faggot thinking anyone on 4chan will believe his fantasies if he continues to take himself very very seriously with every post kek

>>17749914
>In hubei there are 55mm people
Oh come on now, they can be short, but not that short

>>17756194
>If crypto was as good as you say it is, it would have been adopted by now
>If unleaded gasoline was known to be safer, it would have been adopted by now
Shit takes time son.

>>17749914
absolutely rarted take. reverse reddit gold for you frienderino. You're gonna have to work off that bad karma.

>>17755184
>manages a 9 figure budget

9 figures of dorito crumbs on your ma's basement floor maybe

>>17755857
>I don't follow.
>If you think xlm and xrp don't have public ledgers you're not up to speed on crypto
The consensus mechanism for ripple and stellar doesn't necessitate a ledger the way POW/proof-of-X does. For example, those consensus algorithms would work just as well if the global state was simply the current token count in each persons wallet. Transaction don't *need* to be stored; it's not critical to the consensus mechanism (which is some variant of permissioned Byzantine consensus). I don't know how much more I want to get into this since it's sort of irrelevant to my point.

How, in practice, do UTXOs function differently than some supposed digital currency that doesn't rely on a ledger.

>>17756271
This. OP is supposed to be some wise guy but he's here saying there are 55 millimeter tall people running around China, right? Haha what a retard.

>>17754594
i just looked at BTC price and wow this is quite the drop lmfao. if you have balls of steel you can go for it.

>>17749952
SNSS CALLS AND RIDE THE WAVE

>>17754648
>A public ledger destroys fungibility
Good. Please explain why that's a problem. Again, you're working with investor/finance guy logic here - they evaluate BTC as an investment product, which it is not.

>>17756756
>A public ledger destroys fungibility
Exactly my question. This isn't the first time a finance guy said this to me without explaining why it's true and how it matters in practice.

>>17756660
the finance bros are looking at other crypto tech because they know that they're going to be working with this seriously in the future. have you considered that?

BTC is not useful for them because they can't make any money off of it. They will do all of their shit in another digital currency, not BTC. But BTC will be used to settle between them all.

Don't listen to investment/finance professionals evaluating BTC - I know what they are interested in and it's not the same thing you should be if you're just trying to find a good place to stash $1k.

>>17756400
>>If crypto was as good as you say it is, it would have been adopted by now
Don’t change my words around anon, I didn’t say adoption and I didn’t say anything about how “good crypto is”. I said if it were to be adopted at the scale the anon I was originally reply to was suggesting it would be, it would have shown some signs of that mainstream widespread adoption by now. That same anon was comparing it to smartphones, seen many compare it to the internet. But you know what? It didn’t take more than 2 decades for those disruptive technologies to remain more than a relatively niche thing. As much as the op might like to think he’s smarter than Wall Street and major corporations he is not. People are well aware of crypto, most don’t understand it but many do. Many are aware of its potential which remains huge but to suggest it will become the most important currency platform is simply ridiculous. The op who keeps claiming they’re some multimillionaire managing more than a hundred mil in assets (and yet still shitposting on /biz/) claiming that it is increasingly becoming the kind of stable asset financial institutions are looking for might want to look at a chart sometime. Yes stocks are crashing, gold is doing poorly, etc. But have they dropped 40% in one day? Is that a sign of a mature stable asset or is it a sign of a volatile, speculative asset class which despite being in a bear market for 2 years during which everyone thought it had finally matured (and in many regards it did) still manages to prove to be a highly speculative asset prone to forming huge bubbles that then pop magnificently, on their own without it being the sort of partly government-led bubbles we see and have seen in say, the housing market in 2008, and the stock market many times over including this time

>>17755184
You said Hubei was the worst case scenario for the Corona in the US but the virus that spread beyond China isn't the same virus that afflicted Hubei. It doesn't make sense for you to extrapolate deaths based on the statistics of a different virus.

>>17756910
>I said if it were to be adopted at the scale the anon I was originally reply to was suggesting it would be, it would have shown some signs of that mainstream widespread adoption by now.
Literally just a fancy way of saying what I just said. Just because crypto is still speculative does not mean it shall remain that way. Superior technology always wins. Always.

>>17756898
>the finance bros are looking at other crypto tech because they know that they're going to be working with this seriously in the future. have you considered that?
how is this related to anything i just said?

also, could you name such a project these finance bros are interested in? genuinely curious

>>17757022
>could you name such a project these finance bros are interested in?
You can't be serious right

>>17755505
>No, he trusts the entire field of virology and the theory of natural selection.

How do you explain HIV, rabies, ebola, and smallpox? They're still deadly despite have so much time to "naturally select".

>>17749914
FUCK OFF AND GO READ ABOUT LOGARITHMS AND EXPONENTIAL GROWTH YOU UNFORGIVABLE PENIS MUNCHER

>>17756194
Everything I've said is true
Whether you choose to listen is your decision.
>>17756271
Pathetic.
>>17756463
Thanks for contributing. Just like you do to society.
>>17756660
Again, you're making a false equivalency.
I can't shut down XLM and sell the excel file of wallet balances for a billion dollars. The transaction congruency is what gives the network value. Same for BTC. Which makes every coin/asset/lumen etc unique and therefore at a later date subject to intervention because of its prior use.
You follow?
>>17756756
See above. regardless of consensus mechanism a network like btc/xlm/xrp has no value without a complete public ledger of past transactions. Which invalidates their most valuable use cases.

>>17757022
It is related because THEIR OPINION, WHICH YOU CITE AS USEFUL, RELIES ON THE CONTEXT OF WHO THEY ARE AND HOW THEY ARE FORMULATING THAT OPINION.

you are trusting their "authority" over your own judgment. their fungibility criticism is all about their inability to apply triage trading to BTC, which is A GOOD THING.

everyone can see that currency is being digitized. it's already digital in practice and the likelihood of converting national currencies to cryptoized digital versions is very high in the next few years. That's why finance bros are interested in shit like tech and fungibility - they're trying to get an angle and reproduce their current scams on a digital format.

eventually these various digital currencies will have to settle between each other. that's where you want to be.

>>17755857
>non-fungible
cannot mixers simply be used?

>>17757045
>You can't be serious right
Why the attitude? I have my own assumptions as to what institutional investors are interested in, and I am curious to see if it aligns with what think.

>>17757152
>has no value without a complete public ledger of past transactions.

now explain WHY that is the case.

>>17757117
I feel like neither of you are qualified to speak intelligently about any of those.

>>17750697
lol no, this virus will be cured or we will learn to live with it. you are one of the panicked normies overselling

>>17757193
It's btc, eth, and link.

>>17756910
How many times do we have to we have to make the same point:
volatility does not invalidate an asset class
Volatility is a normal aspect of emerging markets
Large upside can't exist without volatility.
Think about it.
>>17756970
Did you read the above about attenuation? Are you smart enough to understand it?
>>17756980
This. Price approximates marginal utility in the long term.
>>17757117
Do you believe more people are dying from HIV, smallpox or rabies today than died of them in the past?
Are you literally fucking retarded?
>>17757145
Those concepts are the basis of how it BTFO'd your mouthbreathing brethren above.

>>17752350
I have some gambling money I bet on horses. I have recently decided to get into crypto. As a more professional person than a beginner like me do you suggest I spread like 2-5 different cryptos and a higher % on Btc?? Also I keep hearing bsv will do better, is that because it is backed by something substantial?

>>17757152
>Again, you're making a false equivalency.
>I can't shut down XLM and sell the excel file of wallet balances for a billion dollars. The transaction congruency is what gives the network value. Same for BTC. Which makes every coin/asset/lumen etc unique and therefore at a later date subject to intervention because of its prior use.
>You follow?
Okay, I actually follow now. But, isn't "what happens if XLM/BTC/etc shuts down" non sequitur? That is, the distributed consensus mechanism of the network is what ensures transaction congruency. That is, the tokens only exist if the network exist, no?

Take your pills, sweetie.

>>17757313
thanks for the thread bro, even if i can't agree with everything you say i deeply appreciate someone offering a well thought out perspective that isn't from the doomer side

>>17756980
>literally just a fancy way of saying what I said
>can’t comprehend nuance
I guess you’ll say that’s just a fancy word as well. Did you even bother reading any of the rest of the post or is your attention span that poor? Crypto is not new. It is not some nascent technology still in its Please kill yourself. I mean that genuinely, unironically and from the bottom of humanity's collective heart. early stages. If there was a genuine reason it would be adopted as a mainstream payment system we would have at least seen some signs of that. But we haven’t. Certainly not for bitcoin as the original anon has suggested and it’s been around for like 12 years now. The mainstream public knows about it, financial institutions know about it and despite what some anons who like to jerk off to themselves here might suggest they do understand it and know a good deal about it. Maybe not every joe at every financial institution but if you think they haven’t devoted some resources to understanding it then you haven’t been paying attention or following this space for very long. I do believe crypto will see greater adoption in the future, but to say it will overtake traditional monetary systems? To compare it to smartphones or the internet? That’s just ridiculous. It will certainly prove very useful in certain cases and will make certain transactions/contract executions more efficient and perhaps safer but it will not be the “standard” currency used to settle most global transactions or otherwise. Just look at the market today, just today it’s down 40%. Not a single coin, not a couple, the market overall is down 40% on one day. Is that a stable reliable currency market? Considering most crypto projects these days aren’t even currencies but various projects with tokens, we should primarily look at btc in the currency/monetary platform use case. Do you honestly think a currency with such high transaction fees and volatility will be the standard?

>>17757191
I put x asset into mixer
I get y BTC out
y BTC was used in a drug deal 4 years ago
y BTC is banned from fiat gateways
The BTC I got from a mixer is valueless
See the problem?
>>17757201
I explained exactly this.
The whole point of decentralized crypto networks is that they are immutable and transaction final. I don't have to worry about someone rolling back the asset I got or sent.
You are being intentionally obtuse- I see this usually with people too dumb to understand why the killer app of blockchain is not BTC
Are you a btc maxi?
>>17757202
I'm more qualified than the entire world minus about 40 people to discuss this.
If you're one of those people you'll know who I am already.

>>17757433
the mixer obfuscates the fact that that BTC was used in a drug deal, that's the whole point no?

>>17757318
you've picked a great week to get into crypto. BTC is currently being panic sold by retards and the price is at an absolute bargain, and likely to fall more by tomorrow or even for a few more days.

If it gets to $3k you should 100% buy without hesitation if you have any stones at all.

>>17749914
>>17750095
Shut the fuck up. You've already been told that the virus is 60 times more deadly than the flu. At those estimations are based on a virus that received the quickest and harshest response in the history of mankind. The true lethality of the virus will likely never be known and it's STILL more deadly than H1N1. Neck yourself ASAP, retard.

>>17757351
You are the one who proposed that a list of wallet balances for a non POW chain was the same as the value of that network. Which is not only false but obviously stupid.
>>17757393
No prob, if it makes you feel better the worldwide curve looks to become truly sigmoid in a couple of weeks. Do with that what you will.

>>17757433
>The whole point
who says that is the whole point? oh right, fags who VC anything with the word blockchain in it.

smart contracts, bro they're coming!

>>17757457
That coin has a public immutable ledger that traces every transcation it makes, including the one that sent it to your wallet via the mixer. And can be audited at any time.
You need to learn more about crypto networks.
>>17757494
Seriously. I hope you get rich.
>>17757517
List any objective evidence for anything you just said. Outside of your feelings and emotions. Which are valueless.

>>17751356
Buy disney puts on a small pump tomorrow around noon. 85 or 80 dollar puts for 2 weeks out, Then with those profits, invest in SPCE calls after corona stuff fades for Jan 2021 and wait.

>>17757494
Roger that. I'm used to Gambling money and honestly this seems a much safer bet than horses or slot machines haha. I hope they panic it down to $3. I read pic related about link. Apparently it will go up after the date quoted. Do you think it's an ok bet?? it's shilled heaps with PNK so I can't tell but the whitepapers are not scam looking.

>>17754948
Public ledger destroys fungibility because if some coin has been involved in something like Mt Gox heist, there is less demand for that coin than other coin so less value
>fungible: any dollar worth the same as any other dollar

>>17749952
DUST

>>17757494

>>17757403
Yes sir I read your entire post, and I disagree. Look, BTC is flawed. It's old technology. You know that smart phone in your pocket right now? When BTC was made, the razr flip phone was still the hottest thing on the market. Blockchain tech has matured so much since then. Bitcoin is not a representation of the entire crypto space. Will a cryptocurrency ever be used as a standard payment method? Who knows. It's very possible. Before online banking, people used paper. Before that, people used shiny rocks. Before that, people used a bartering system. Things change, technology always wins. As much as I'm not a fan of the NANO project, it's literally a payment cryptocurrency able to send payment to anyone with an internet connection instantly with insanely low fees. Lower fees than any other traditional method (I.E. wire transfer). Blockchain technology is far superior to anything else, but there is still some development that needs to be done. The following analogy may be a little extreme, but it's all I can think of right now. Investing in blockchain tech is the equivalent of investing in tech companies before 2000. Sure, 99% of the companies are garbage and won't survive, but the ones that do are going to become industry giants.

>>17757433
>I don't have to worry about someone rolling back the asset I got or sent
That doesn't mean you need to know the history, just that the final balances aren't based on modified data. You could prune the oldest parts of the hashtree and still know that all transactions were verified by the miners.

>>17757313
>volatility does not invalidate an asset class
You’re right. But volatility on the scale of crypto’s as an asset class which you and the other anon suggest will be adopted for its stability and reliability, both hallmarks of any respectable “standard” form of payment/monetary execution, is significant. It’s not something you can just sweep under the rug because it’s an “emerging market”. Even emerging markets in shithole nations aren’t this volatile and when they are well they usually scare off any institutional investor. You still haven’t provided an adequate reason for why crypto would be as huge as you’ve suggested it will be. And again let me repeat since I know you will deliberately misinterpret me once again, I am not saying crypto is “invalid” which you keep repeating. I am saying it will not be as huge as you make it out to be. It will be large, certainly, but to make the leap to suggesting it will overtake all else is a pretty big leap. And one that nothing you’ve said so far supports. But I suppose maybe you’re too busy managing your 9 figure fund kek

>>17757433
>I'm more qualified than the entire world minus about 40 people to discuss this.
What do you do?

>>17757591
i know how a mixer works, what if mixers are a core feature of the network like XMR or everyone uses the same hard-coded mixer, or 2 or 3 mixers are used by the vast majority of transactions on a public ledger? do you just ban all coins that originate from mixing addresses? do you mean the entire coin?

>>17757591
Are you a fucking mental midget? Point out one nation in the world that had a harsher quarantine for the flu than for corona-chan in the 2019-2020 season. Than promptly proceed to explain why despite the fact that the virus has only been in Italy for 1 month, and is still yet to spread throughout the entire country, it is already killing more people than the flu on a day-to-day basis.

>>17757706
do you ban the entire coin*

>>17757666
this guy doesn't get it.

there are a lot of people in crypto who are techfags and think it's all about the gadgetry. they don't understand monetary policy.

BTC has already won.

https://www.youtube.com/watch?v=YVWpiVYBzcs

eight more days of pain backed up the truck today but probably a bit early. i am totally zen and in control on vacation. anyone who buys this week will make it.

Dear diary, today OP was not a faggot.

>>17757697
He larps on /biz/ all day long

Repo market was fucked in September. Virus is not the underlying and much more serious problem

>>17751971
shale will just resurrect itself when other oil exporters start charging too much. Like what happened last time.

>>17757756
>BTC has already won.
Just like ford won the automobile market when they were the first ones to have a mass-manufacturing capable production line. BTC has first mover advantage, and nothing else.

>>17757433
>y BTC is banned from fiat gateways
>The BTC I got from a mixer is valueless
You can only ban addresses and connected addresses not the coins themselves. If you were serious about banning any BTC from a specific address any address it transfers any amount to would be banned but this means the banned guy can get anyone he wants banned. It doesn't work, you can't ban y BTC. It's a fantasy boomers tell themselves and then try to actually make it happen to legislation because they are retarded.

just market sold my suicide stack thanks for the heads up I'll buy back in a few weeks

>>17749914
>markets obliterated
>trusting chinese numbers even though they were welding people in their apartments // armed teams on patrol over "just the flu bro"
>p-please provide evidence otherwise (meanwhile multiple countries destroy their economies over nothingburgers all the time)

If one were to look up "cope" in an encyclopaedia, this 50 IQ nigger OP's post would be the example used.
S
H

>>17757824
exactly. people are missing out on what is really going on, namely the end game for the currency racket. why do you thing super knowledgeable people are printing wildly? because they know it doesn't matter.

>>17757666
>but the ones that do are going to become industry giants.
Except that any large financial institution will be able to implement its own blockchain to settle trades/pull data/execute contracts. Neither you nor this anon >>17757756 have provided any convincing reason as to why a particular crypto will be used as a standard CURRENCY rather than crypto generally seeing its primary future mainstream adoption as simply a smart contract platform. Just because this space is generally referred to as crypto currency doesn’t mean all the projects in it are actual currencies. ETH is not a currency, LINK is not a currency, etc. Only major one that is really a currency in the traditional sense is BTC and I’ve already discussed why it would never be a standard currency on the scale of the dollar or the pound once a upon a time

>>17757932
>and nothing else.
BTC has a controlled, predictable supply and an 11-year track record of stable operations. it has defeated hundreds, maybe thousands of competing cryptos with 'better tech."

BTC was designed by real niggas who knew these days would come.

>>17755505
so do i buy eth now, or wait till late march? >>17755184

>>17758144
how do national currencies settle against each other currently? why do they do it that way?

they never had the option of settling against BTC. welcome to the future, nigga.

>>17758153
>BTC was designed by real niggas
Kek and this zoomer was trying to larp as being 30+ in an earlier post. Are you samefagging as the guy who claims to have 10mil+ networth and manages a 9 figure fund as well?

>>17758210
You are actually retarded. I can’t believe I wasted this much time and energy replying to this thread when I should have been in asleep which is far more productive than replying to arguments that get spouted on /biz/ everyday. Maybe the self-superior tone and the obvious larping by you and the other anon is what hooked me, truly impressive when a post is so retarded it acts like very well made bait but in reality is a post made in all seriousness

>>17758155
wait a week and reassess, or buy a SMALL amount now

>>17758233
no, i'm not rich and don't hang out here all day so you don't know me.

BTC was designed by the NSA.

>>17758328
great refutation!

answer the question - how do currencies settle against each other, and why? is there a better way to do it?

the entire value of btc is in its controlled, predictable, and known supply. nothing has ever existed prior that could offer that feature. if you think i'm wrong it should be easy to blow me the fuck out. I await.

>>17757202
>I feel like neither of you are qualified to speak intelligently about any of those.
Do you think everything is a nothing burger until qualified people tell you something bad is happening?

>>177573130
>Do you believe more people are dying from HIV, smallpox or rabies today than died of them in the past? Are you literally fucking retarded?

My point was those viruses are still very deadly and their deadliness didn't attenuate through natural evolution. The smaller fatality rates now have nothing to do with the virus becoming weaker. It's just the treatments. Without timely treatments, people can die quickly from them. HIV, despite all the public warnings, still has high rate of cases every year. Just like you can't stop people from having sex, you can't stop people from touching doorknobs.

>>17757433
>If you're one of those people you'll know who I am already.
checked but can you prove it? at least something

>>17756735
PUMP IT
WAI-
DUMP IT

>>17758395
Oops accidentally added 0 to >>17757313. Please refer to my post above.

>>17758144
>Except that any large financial institution will be able to implement its own blockchain to settle trades/pull data/execute contracts.
They very well could. Unfortunately for them, usage is required for any blockchain network to be considered. Right now, these companies do not have that. The longer that time goes on without them coming out with one, the less likely it is that these giants will be able to successfully pull it off. The one time they tried, the government shut them down faster than a speeding bullet. I'm talking about Libra and Facebook. There is obvious interest in the blockchain space, but these giants are NOT going to be the pioneers. These companies do not invent new and exciting things, they buy existing projects from others.

>>17758395
>Do you think everything is a nothing burger until qualified people tell you something bad is happening?
No absolutely not, but this is /biz/, not /doc/ or /med/ or /HIV/.

>>17758388
Digits confirm. I'll say this as an amateur. Out of my entire family and friends group no one is in Crypto. No one I know. They all still know the name of 1 coin though.
Bitcoin
They will also never learn about anything underlying to do With it. If everything going digital all the normies will buy the known thing.
Does this make sense?

>>17758460
The govt won't allow Libras to exist until after the national USD is converted to a digital/crypto/whatever. Once that is online and established with a method of settlement they will have no problem with corporate money. Every bank will have their own crypto, similar to how VISA and Mastercard already do at the moment.

You are entering a brand new monetary world.

>>17757531
>You are the one who proposed that a list of wallet balances for a non POW chain was the same as the value of that network. Which is not only false but obviously stupid.
What??? That's not what I said at all. I think you might be confusing ledgers and networks ... This honestly sounds like gaslighting (constantly changing the topic and misconstruing my points) and I don't think you've addressed any of my points at all.

Back to my initial question: how is BTC non-fungible? How does this have *practical* significance compared to some supposed digital currency that *is* non-fungible and doesn't rely on a ledger?

>>17758591
Does this image read any truth in it wise anon?

>>17757647
ahh, thank you. this is the first legitimate response to my question. so, to confirm: with a ledger and a consensus network, there is the threat of a fork which would potentially make some token not equivalent to others (namely tokens belonging to two separate forks)?

>>17758388
Just because distributed ledger tech is superior to what is currently in place and will be adopted does not mean bitcoin itself will be adopted. Like I said just because crypto (as a concept not necessarily any of the main crypto’s we know of today) might or will be the standard to settle transactions does not mean bitcoin or even link which is currently at the forefront when it comes to smart contracts will become industry standards. This applies especially to bitcoin. You still have not provided any reasons why bitcoin would overtake current currencies. A limited, known supply? That is itself a flaw and if you don’t understand that then you completely misunderstand modern monetary markets and policy. If you are not aware of all the deflationary events which have happened related to bitcoins limited known supply then I don’t know what to tell you cause you’re missing one of bitcoins biggest shortcomings and risk factors as far as it being a mainstream currency goes

>>17758534
it does, but I don't think normies will ever buy BTC directly, not until it's much too late to stack anything but a few satoshis.

Normies will transfer to digital money via a new national currency. As most of them do all their transactions through direct deposit and a debit card already, they won't know the fucking difference.

What they'll know is now there's Instagram money and different things the various banks can offer. Choosing your bank branch will be a currency speculation, finally an actually differentiating feature for retail banks lmfao.

The national currencies will be national and multinational companies will have their own digital money to keep things simple. They'll settle all of those instantly to the various national currencies, with various rules/caveats/etc to be determined by each country.

underpinning all of this will be BTC acting as the final arbiter of price and value.

>>17752718
Try and get 1 full btc for ocd’s sake

>>17758661
it might, but I'm not really interested in that angle because I think it's a little too early to know how things work. once the first viable digital currencies with "official" status are out we'll know if things like LINK are useful or not.

BTC stands against the storms because it has already been set off and cannot be altered. Nothing that has a human management input can be trusted to settle value.

>>17758774
>BTC stands against the storms because it has already been set off and cannot be altered. Nothing that has a human management input can be trusted to settle value.
You really do not understand monetary markets or policy. You can keep living in this highly specific fantasy where things develop exactly in the specific way you’ve laid out but that doesn’t mean it will happen. You still have not provided any convincing reason why the world would decide to switch to bitcoin

>>17758685
>modern monetary markets and policy
what you refer to as "modern" will soon be known as "old."

the deflationary criticism comes from people stuck in current economic orthodoxy. their thinking is correct for the current monetary structure but incorrect for the emerging one.

the deflationary aspect of BTC is not a flaw.

>>17757727
There are a lot of cases going unreported. The virus is not as deadly as SARS or the average flu for that matter. I think you’re the mental midget you dumb faggot,

>>17758840
>switch to bitcoin
the world won't "switch to bitcoin," the world will switch to their own national digital currencies along with whatever corporate ones end up having some use case. they'll just need a way to properly square them up with each other.

>>17757433
>pepper the biggest wallets with 1 sat from a contaminated address

>>17758854
Just because you dismiss everything as old and think anything new will automatically be adopted does not mean you have actually provided any good, solid reasons. You still fail to acknowledge the liquidity issue associated with what I’ve mentioned. You still fail to explain why you think bitcoin specifically will overtake fiat rather than crypto being primarily used as behind the scenes ledger tech to settle trades and collateral that could be implemented individually by any large financial institution with perhaps a few third party crypto companies catering to smaller business that can’t simply make their own sophisticated DLTs

>>17758920
Currencies are already highly digitised what the fuck are you talking about? There is absolutely no reason why bitcoin would be the currency used to settle them against each other. How do you still fail to understand what I’m asking of you?

>>17758840
Switching to Bitcoin would be the equivalent of subscribing to the Petrodollar. Only economically and militarily weak countries would use another country's currency.

>>17758993
>fail to explain
I've explained it in like three posts. BTC has a controlled, stable, and known supply. This cannot be altered.

Fiat is a meme, stop using that word.

Currencies are being digitized because it's a good idea - various nations were discussing it openly last summer. In practice this changes little for the normie consumer.

Liquidity is a problem for the national and other cryptos, not BTC. BTC does not require liquidity but to offer a reasonable currency you will need to have a stack of BTC backing it. That's why the Chase and Santandar's of the world as well as national governments will and already do own BTC.

The reason I expect BTC to be the central arbiter is because it's the only one that can be trusted. The USD reserve currency collapse will fuck half the world out of a ton of money and they won't be eager to sign up for the new version of that, only now run by China. They would, if there wasn't another option. But there is another option.

Name a second option that can play this role equal or better to BTC.

>>17759046
>no reason why bitcoin would be the currency used to settle them against each other.

Yes, their digitized largely and that's why the obvious full-digitization step seems likely to occur within years. They just have to make sure the tech is mature and I think we're very near that point now.

How do currencies settle against each other today?

>>17759110
>subscribing to the Petrodollar
You mean how every country in the world more or less has done for almost 50 years, to reasonable success?

>>17758210
can you explain real time gross settlement systems and all those things?

>>17749952
just short SPY and DIA wtf

>>17750095
>Hubei is effectively a worst case scenario for death rate for this virus
No it's not you fucking imbecile, China has been so far the country with the best response against the outbreak, all things considered. It's gonna be much worse in most other places.
The only exceptions are gonna be countries like Russia that acted quickly before the infection had even started there.

>>17757592
Unironically this

>>17759217
in loose terms sure, but it's obviously a leading question. what I'm driving at is what are the problems with that current method, and why was that method decided upon?

the answer is that it was the only/best way to do it. that is no longer the case and there are a number of problems that can be resolved by settling against a third-party benchmark rather than between the two currencies directly.

There's a reason USD has been used in this fashion for decades. The necessity is the collapse/withdrawal of the USD reserve currency, which is basically happening right before your eyes.

A void demands to be filled. BTC was released when it was to ensure it was ready. Who designed BTC? The very same people who controlled the USD reserve and knew it was fucked.

BTC was their hedge to ensure they weren't trapped by someone else's petrodollar-knock off. Real hegemons adapt.

>>17749952
you never buy options, you only sell them, and only if you’re already long or short the corresponding future. especially now that the volatility pricing is beyond ridiculous. these strategies are commonly named covered call and covered put, and are used when you’d like to stay long or short, but feel like the market is currently likely to go sideways with high volatility.
If you want to buy options consider playing the lottery or slot machines instead.

>>17759335
Israel another exception. Every country should be like them in these respects.

>>17759123
>currencies in the future will have to rely on bitcoins backing
And yet you still fail to see the fatal flaw in your argument. You still fail to understand exactly why liquidity matters in this exact case.
>fiat is a meme
Oh you’re that type of person. God damn I wasted like 2 hours of my time on this

wait so do i buy or not buy chainlink right now?

>>17758911
A lot of cases of what, little guy? The flu? Do you have any proof of more death than the ones reported, subhuman? No? Than shut the fuck up.

>>17759353
>which is basically happening right before your eyes.
>A void demands to be filled. BTC was released when it was to ensure it was ready. Who designed BTC? The very same people who controlled the USD reserve and knew it was fucked.
>BTC was their hedge to ensure they weren't trapped by someone else's petrodollar-knock off. Real hegemons adapt.
You are actually schizo, can’t believe I wasted my time replying to this clown

>>17749914
>>17750095
>>17749952
>>17750121
>>17750361
>>17750696
>>17750838
>>17751106
>>17754297
>>17754648
>>17755184
>>17755505
>>17755857
>>17757152
>>17757313
>>17757433
>>17757531
>>17757591
Gentlemen and esteemed negroes, notice the crickets that followed my response to the subhuman that is OP here >>17757727
Hey, OP, you little faggot. I want you to know that I took an utter enjoyment in dismantling your retardation in 2 measly posts that took about as much effort out of me as your shortest reply. Oh and, sorry to burst your cope bubble.

>>17759447
>why liquidity matters
because it doesn't matter that much. most exchanges between currencies cancel out unless you have a severe trade imbalance. either way, once the transaction is set it can be settled according to those terms at any date in the future. I'd expect national currencies to main their own escrow accounts for this purpose, with the btc chain being engaged only at certain periods, like monthly or annual or whatever is deemed useful.

Do you really think federal currency boards can't maintain a simple ledger?

BTC's utility is not in the transaction itself, which isn't a problem. Its utility is in the pricing.

>>17759494
The guy who released BTC openly worked for the NSA, who openly designed such things for years. What's the problem - seems pretty obvious tbqh senpai.

>>17753391
Chinks live like dogs but they don't slobber over and hug eachother like dagos do.

>>17759685
chinks spit all over everything and all eat out of the same dish. it's like they don't believe in germs.

italians are just handsy and up in each other's business and space all the time, plus careless in general because who cares if we all die, fun in the moment is more important.

Americans are mostly English and German stock and behave similarly. If a stranger or even acquaintance touches you or gets fluids of any sort on you then it's unusual and a problem.

>>17749952
Big brain move: long call AOBC

>>17750696
>b-buy my coins
>p-p-please!!

>>17759193
Every country that has America's fist up their asshole.

>>17757854
Shale will never resurrect it was never profitable

>>17760043
we've been pretty effective in that respect. imagine betting against the Americans.

>>17755505
>but also the entire rest of the world is in on it.
But they're not. The mortality rate in Italy is orders of magnitude higher than the numbers China published.

>>17749914
Most of us know that corona is just the narrative and push needed to start this long awaited move.. However it's just come so fast and so violently, how can you not think that this is the start of a crisis?

The problem with corona isn't the death toll, its that the infection rate is growing at a rate where many believe this will take months to resolve. Its the time this news will linger that's going to be the nastiest narrative.

Please elaborate more if you wish. I say this because this is the first financial crisis I'm personally involved in with my own money, so.. I don't know how much this feels like 2008.