/biz/ - Business & Finance

They also say there is gold at fort Knox kid

>>19371685
Can someone post a link to what Goldman Sachs said today? I want to read the article, not screenshots.

>>19371685
If they're so smart, why did they have to be bailed out to keep from going bankrupt?

>>19371698
rocktards literally BLOWN THE FUCK OUT
asses completely prolapsed and gaping

>>19371685

(((goldman sachs)))

I always trust public statements from Goldman Sachs.

>>19371685
If only you knew how bullish this is

>>19371685
so? they just shat all over it and its nearing a 5% pump today with no signs of it stopping
kek imagine trusting some old jewish boomer bankers they just want the best for you

These dumb retards didn't bother to look that crypto has been classified as property for half a decade and not a security? What kinds of retards does GS hire these days?

>>19371685
>>19371728
Wtf I wanna buy crypto now

>>19371750
My family is in finance and itbis incredible how many young rich retards work for places like Merril Lynch, Goldman, etc. Lots of nepotism.

>>19371804
I don’t doubt it
90% of people don’t pay attention and by extension are retards

Rich people are just well dressed retards... btw were those ((people)) Part of a specific Group

The 87 comment is a bit weak though

>>19371685
goldman sachs has been shitting on it for 10 years and it went from cents to 20k

>>19371685
They are taking a page out of the link marine playbook and fudding so they can accumulate

>>19372116
We've been doing this LONG before you fucking linkies came along retard.

>>19372253
chainlink invented trading fiat currency for digital assets

Aragon Court (ANJ) is the real deal. Aragon is reinventing organizations and governance. With backers like Tim Draper and Brian Armstrong (Coinbase CEO), this thing is gunna moon soon.

10-50x this year.

Buy ANJ on Uniswap: https://v1.uniswap.info/token/0xcd62b1c403fa761baadfc74c525ce2b51780b184

>>19371685

They have been known to do the opposite of their public assessments. It should be illegal unfortunately

>>19372358
This. You're all a bunch of newfags if you're not already aware that Goldman publishes the EXACT OPPOSITE of the advice that they're acting on.

>>19371685
Oh yes those cunts are exactly the people you should be trusting. I bet they are accumulating, honestly. Remember Jamie Dimon.

>>19371685
Maybe because historically they have 100% done the opposite of what they tell others.

ALWAYS
DO
THE
OPPOSITE

>>19371685
>Does Not Generate Cash Flow Like Bonds
Neither does gold, bitcoin is a commodity

>Does Not Generate any Earnings Through Exposure to Global Economic Growth
Neither does gold, bitcoin is a commodity

>Does Not Provide Consistent Diversification Benefits Given Their Unstable Correlations
Literally just wrong. Bitcoin being the most uncorrelated asset is a diversification strength, not a weakness. This is why at least 1% of every portfolio should be in bitcoin

>Historical Volatility of 76%
You can't have the monumental gains of bitcoin without volatility, it's a feature not a bug. That's why at least 1% of every portfolio should be in bitcoin.

>March 12, 2020, the price of Bitcoin fell 36% in one day
Literally citing Black Thursday where every market in the world recorded their largest single-day percentage fall in over 30 years. Bitcoins tenacity and recovery here demonstrates strength, not weakness.

>Does Not Show Evidence of Hedging Inflation
Bitcoin is the only inherently and deterministically deflationary asset in the world. Also the best performing asset so far.

>We believe that a security whose appreciation is primarily dependent on whether someone else is willing to pay a higher price for it is not a suitable investment for our clients
Then why do you believe in real estate and precious metals?

This is quintessential boomer-tier FUD

>>19371685
>tells investors everything is fine in 2008
>shorts the market

>tells you BTC is trash
>buys it up and opens a trading desk
"Goldman Sachs to Open a Bitcoin Trading Operation"
https://youtu.be/KcgA-hMAozI

at this point is like you people love to be shat on, it's incredible. social engineered economic raping consent.
same with politics etc etc etc

Do the opposite of what big banks say and you'll be fine. simple as

>>19371698
pwned

>>19371685
Who-man who?

>>19371685
those slides were made by a 12 year old
probably a child from one of the CFOs

>>19371685
The fucking kike brothers over here also said tech stocks were a terrible investment right before those stock blew the fuck up and made a few lucky people incredibly wealthy. You do the math. They know people listen to what they have to say, why would they say things that are truthful if they have something to gain from lying their asses off?

>>19371685
whole market is gonna go down with BTC. ETH will rise from the ashes. Along with the favorite of this board...

>>19371685
>the jew fears and hates what he cannot control through financial, economic, and political schemes

>>19373426
This. Investment banks are like women. Watch what they do, not what they say.

>>19371698
http://freetofindtruth.blogspot.com/2017/08/40-42-54-84-93-99-123-144-167-314-fort.html
http://freetofindtruth.blogspot.com/2017/08/44-74-93-143-two-shootings-in-history.html

>>19371685
We shat o GS.
The whole fuckin world knows since the 2008 melt down that they bet against their clients.
Everything they say you have to take with a grain of salt. All they care about is to fill their own pockets. After all, it's a fucking CENTRALIZED bank. What did you expect from them regarding cryptocurrencies?

>>19371685
Everyone knows BTC is a scamcoin and virtually dead. The only ones shilling it, are the ones with big bags to dump.
>fuck BTC

>>19371685
They didn't mention that

Bitcoin is perfect for: censorship resistance.

Before 2009 you could not cross border with millions if not billions in your mind. Now you can

>>19371698
How do you know there isn't?

>>19375059
This

>>19372779
>This is quintessential boomer-tier FUD
They are just trying to buy cheap but their attempt to crash btc price failed this time
We still remember jamie james dimon crashing btc to 3.8k to accumulate

>>19371685
Nathaniel Rothschild invented that move.

>>19371685
You do know that Goldman Sachs owns a crypto exchange, right?

>On the Instability of Bitcoin Without the Block Reward
https://www.cs.princeton.edu/~arvindn/publications/mining_CCS.pdf
The most in-depth paper written on bitcoin EVER
Princeton university

>Beyond the doomsday
economics of “proof-of work” in cryptocurrencies
Monetary and Economic Department
https://www.bis.org/publ/work765.pdf

"Unfortunately, there is reason to expect that the demand for transactions will fall to very low levels. People are likely to make use of off-chain transaction mechanisms via trusted third parties, particularly for small amounts, in order to alleviate the need to wait for confirmations. Payment processors may only need to clear with each other infrequently. This scenario is not only economically likely, it seems necessary given the relatively low transaction rate supported by Bitcoin. Since blockchain transaction will have to compete with off-chain transaction, the amount spent on transactions will approach its cost, which, given modern infrastructure, should be close to zero. Attempting to impose minimum transaction fees may only exacerbate the problem and cause users to rely on off-chain transaction more. As the amount paid in transaction fees collapses, so will the miner’s revenues, and so will the cost of executing a 51% attack. To put it in a nutshell, the security of a proofof-work blockchain suffers from a commons problem[9]. Core developer Mike Hearn has suggested the use of special transactions to subsidize mining using a pledge type of fund raising[10]. A robust currency should not need to rely on charity to operate securely"

>>19376589
>You do know that Goldman Sachs owns a crypto exchange, right?

They will shut down bakkt by end of year. Complete failure

>>19376621
Great articles, disagree on people using off chain solutions though, they’ll literally either not use it at all, or go to eth.

There’s a reason why Tether moved to ETH. Bitcoin does not make sense long term

>>19372036
I'm literally recoiling uncontrollably and fear smiling at that comment.

I wish the holocaust actually happened.

>>19371685
All these bank analysts have been telling me it's going to crash any day now. Meanwhile they've actually crashed and have had to be bailed out.

>>19375862

yep :)

numero uno use case (that and going in between monero)

>>19371685
steve i posted it again

>>19372036
>>19371728
>>19372779
>>19376621
the single reason i've continued to buy and hold bitcoin is that it's the ultimate "fuck you" money:

criticism of bitcoin is only relevant under the assumption bitcoiners care whether anyone else buys it. i don't give two fucks whether someone else buys btc. i hope they don't buy it and never do.

powerful governments and institutions can't seem to stop bitcoin. i like having something that other people can't do anything about.

banks want to accept the profits resulting from stimulus, bailouts, and printed money? fine. but don't pretend like you know all of the reasons why i hold bitcoin.