/biz/ - Business & Finance

>>22339848
they are lying and probably holding vast amounts of crypto themself

>>22339848
Why do linkies lie and fud link? If you can figure that out you have your answer

>>22339848
Why would they endorse an alternative financial system that if successful they would have no wealth and no power in?

because theyre dumb boomers whove already made it, if you didnt know how to use a computer and you already made it would you really be playing shitcoin roulette?

>>22339848
Same reason was tsla the most heavily shorted stock 1 year ago with analysts giving $0 price predictions...

Crypto currencies are useless ponzi schemes. Nobody needs them except drug dealers and ISIS.
They pump for no reaons and dump for no reason. Might as well play the lottery.

>>22339887
Deep think

Sandro Salsano invest in Chainlink. the billoinaires are prolly lying because they know their words are publicized and normies coudl get wind of it

1898 Man:
>Fuck automobiles! A good horse all you need.

>>22339962
Uhh, because it's a scam just like crypto?

>>22339848
It gives zoomers a fighting chance at success

Didn’t 90s boomers say the internet was stupid and would never take off? There’s a well known clip in the U.K. from some old tv show looking at new tech. They were featuring the new ‘compact disc’ and some boomer was sceptical if it would ‘catch on’.

Don’t listen to boomers about anything tech related.

>>22339848

To a billionaire or a hedge fund with literally tens of billions to swing around, crypto is simply not liquid enough for them to play with. That's why to them, it looks like a toy - because relatively speaking, it is.

>>22340352

Paul Krugman is probably my favorite candidate for Wrongest Man In The World. I think it was 1998 when he predicted that the Internet would have just about as much impact on business as the fax machine.

>>22339848
Because billionaires don't just care about increasing their wealth but they also want to preserve their power/influence, which means making sure others don't get wealthy too.

That's why they're always in favor of population control

>>22339848
Because they have a huge following. And there is no incentive for them to shill internet money. That's simply the truth.

On top of that, they are all likely too old to be able to make time to read a white paper

Once you're famous and markets can move just from what you tell the public, it becomes political to shill anything

>>22339848
Yeah Buffet stands out, there was a classic and very telling quote he made which basically puts this whole thing into perspective, I'll try to find it but it was something like:

"Of course I'm not going to buy Bitcoin, I don't understand it."

Also, look at his moves into gold recently, which are ironic considering what he's said about gold in the past. People make mistakes, they're not always right 100% of the time. Buffett is fabulously wealthy but his portfolio has done poorly for a while now. To err is human.

>>22340352
Blockchain technology will change the world. Your pajeet and chink shitcoins are only going to lead to your financial ruin.

>>22339962
you realize TSLA is a huge bubble waiting to pop. Its the most valuable car company by market cap yet is basically almost bankrupt and sells less cars than the bigger car companies.

>>22340589
Buffett thinks in 10-20 year spans. His under-performance in the last 10 years is unironically not a big deal.

>>22340627
>waiting to pop
It already popped and the debris are steadily tumbling back down to earth. Have you even looked at price charts of the last week?

>>22340629
I'm not disagreeing with you. He is exceptional at finding companies that are undervalued companies. I'm just saying you don't go to a 90 year old for advice on blockchain.

>>22340650
Do you have a short position?

>>22340012
>if man was meant to go 40mph, God would have given him wings

Big uppity politician talking about trains

>>22340589
Here it is @ 0:32. Says it all.

https://www.youtube.com/watch?v=YWMmd7hlwNI

>>22339848
>he thinks being rich and successful equates to seeing megatrends

>>22340741
No. I'm currently short AAPL.

>>22340711
>I'm just saying you don't go to a 90 year old for advice on blockchain.
I'll concede to this point. But ask yourself, are you really vested into crypto for the groundbreaking technology or because of the lucrative opportunities its price action provides if you're willing to take the risk? Just some food for thought. Cheers lad.

>>22341255
I would argue that people invest into any derivative because of lucrative opportunities. They may like what they've invested in, but they're not going to invest in it if they think it's overvalued.

Blockchain technology I find incredibly fascinating. I didn't start investing until I fell in love with the technology which is something you can dedicate your life to understanding and being constantly intrigued by. Sure there are speculators mostly in it for the madgainz and they'll probably try to day trade it and will get burned. But there's always going to be the support level of people like me that genuinely love blockchain and bitcoin, accumulate and are long.

why do redditors say they are pro science but won't face up to race realism?

>>22339848

Because crypto is speculative and there is absolutely no need to partake in speculation when you are already a billionaire.

>>22340650
Should I sell? I can't keep closing my eyes anymore I've lost so fucking much on tesla and apple I can't stand it anymore I've rode it all the way down should I just wait it out? I don't think Tesla especially is coming back

>>22339865
They would have to disclose it dumb nigger retard

>>22340629
Lmao. That old fuck gonna be dead in 5

>>22341464
Classic buy high sell low. Never change /biz/

because crypto has absolutely no fucking use in the real world. yeah dude im sure people are going to use their money they slave away for 50 hours a week into imaginary internet coins
>inb4 muh social collapse fiat is useless
I'm sure during a real SHTF people are going to be all in your shitcoins LOL

>>22339848
I thank God that the stupidest crypto (Bitcoin) was first. Since it's the number one asset in the space it is the one everyone looks at it and is unimpressed. They figure all the others must be copies of it, and they must be even worse cause their price is lower. I heard about ETH and was instantly interested. I didn't buy though unfortunately, but I started paying attention to crypto and I bought chainlink. Bitcoin is basically acting as a shield from smart people. This won't last much longer since now companies like Ernst and young, deloitte, microsoft, google etc. Are all beginning to deal with ethereum.

>>22339865
Marketcap shows otherwise.

>>22339848
It’s fud.

>>22341464
TSLA most likely will not come back. If people were willing to buy at all time high, they will be willing to sell at minus 90 percent their original investment.

>>22340385
I want to hear his take on Chainlink

>>22341601
ETH is so amazing! Crypto kitties never happened btw. Youre being used to get dumped on by whales you fucking retard. the only people who have made money on this board were the retards memed into buying and holding on to chainlink because for god knows what fucking reason it went from 40 cents to 18 dollars or some bullshit.

>>22341464
I don't understand people that see these stocks fly up, and then they keep going up further, and the bears keep telling them it's going to crash, months go by and no crash, then we hit a point where the stock price gets detached from reality completely, then we move to a point where the S&P500 begins to push further then where it was before (which was ALREADY at a bubble territory in the first place!), then you have a stock split, which is the last hurrah there could possibly be in this insane feeding frenzy.

And you expect the price to keep going up even further? Live and learn.

>>22341556
people who cant hold through a down trend have no business investing lol. i talk to people irl who have panic sold their retirement accounts multiple times, and are now on track to be working into their 70s. total morons. wouldve been better off with boomer rocks or a savings accout baka.

>>22340370
This.

>>22341667
Tesla is a lot different from a down-trend though

>>22341596
A store of value is a very significant use case. Studies are showing that this is where upcoming generations are storing their wealth. Having a system of currency that isn't controlled by the banks or fed, that is immutable, decentralized, digital is arguably going to be very intriguing to future investors, especially in the ever more digitized world.

Fiat is inflationary. People not educated in how money works slowly lose their purchasing power over time. That's why a riich someone who stored a bunch of cash under their mattress years ago won't be rich today. It's one of the reasons the rich get richer, and the wealth gap. Knowing how the system works.

The dollar is the global reserve currency and it will continue to be so basically because all other currencies aren't any better. But you can't inflate the price of currency forever. The dollar may not crash this decade, in fact it may never crash - but having a theoretically non-correlated hedge is prudent.

>>22339848
There's a reason why the kikes have allowed them to be rich in the first place.

>>22339848
because big money need trust. buying bitcoin for buffet means to trust china

buffet probably could play with btc futures, but owning btc is not feasible for him at all

>why isnt /smg/ like me
>why arent (You) like /smg/

>>22340627
You realize that tesla is more than a car company right? Their IP and patents in battery technology is lightyears ahead of all their competitors combined. What company is going to have the first electric airline? How about mass produced power storage aka powerwalls? Elon is a fag, but people who use 20th century automobile company metrics to gauge Tesla are fucking retard.

>>22339848
They can tell what a ponzi scheme is

>>22339848
I still have yet to use crypto in my life.

>>22343625
This
>>22339848
and you posted a man who's networth alone is about the same size as the whole crypto market. A guy who plays his deals in a trillion dollar market. Guess that answers why he doesn't give a shit about crypto

>>22339848
Theyll all be dead before crypto matters. Crypto is for the next wave of billionaires

>>22341491
>he still thinks the top 1% tells the goyim what they actually control

>>22340846
>I can say almost with certainty that they will come to a bad ending
>why should i short something i dont know anything about
what a legend