/biz/ - Business & Finance

>B-BUT SMART CONTACTS!!!
You've obviously never done business with niggers before. They never hold up their end of the bargain. If it isn't cash money or yellow metal they can bit with their teeth, good fuckin luck.

>>22345408
congratulations you win retard of the day.
nice pic tho

Even if it was all worthless, why not make money off it?

>>22345582
Nice argument. Explain to me how the crypto market isn't a massive ponzi scheme.

>>22345616
because it's literally how you'll be paying your bills in a few years. screencap this.

>>22345613
kikes in the US basically made that impossible too with new tax regs

>>22345649
Fake and gay predictions of free blowjobs without having to actually do work aren't arguments. No utility, no intrinsic value = ponzi scheme.

>>22345576
Then they automatically get liquidated and fucked over. A smartcontract doesnt care, and is automatically enforced.

>>22346082
How do 1's and 0's interface with the average NASA (North American Street Ape)?

>>22346276
I wish they’d interface the barrel of their Hi-Points with the back of your throat you petulant negroid-brained goblin freak

>>22345616
Well it is, but everything is a ponzi on a big enough timeframe

>>22345408
>1's and 0's have no tangible worth.

That's like me saying yellow metal and paper have no tangible worth.

>>22345408
LOOK MA HE POSTED IT AGAIN!!!

>>22346302
LMAO you retards get so mad and emotional when asked simple questions

>>22346372
Metal and paper are natural resources that you can make things out of. Meanwhile some random gook can come along and just make a new shitcoin out of thin air.

>>22345408
The point is to buy RLC.

Nocoiners been saying this since this shit was $1 and now it’s $10000
How do you cope with being a retard, OP?

>>22346577
See. This fag just wants me to buy his bags. Can
I at least make boots out of those useless bags so I may wear them on my feet?

>>22346624
And it used to be "worth" 20,000 when you conned a bunch of normies into buying into your ponzi scheme

>>22345408
they have potential practical value to the degree to which they are suitable as a medium of exchange

>>22346372
retard

>>22345616
You stupid stupid fuck, go buy your manipulated stocks

>>22346709
No one uses them as currency. Their value is based on how many normies buy into it. They're all buying into it thinking they'll get rich, not because they plan on making purchases with them.

>>22345616
>how the crypto market isn't a massive ponzi scheme.
To properly answer your question I need to know your frame of mind. Are stocks ponzis? Is gold also a ponzi? Is the US dollar also a ponzi?

>>22346775
>manipulated
Crypto is 100% manipulation. At least stocks have grounding in the real world by being tied to businesses that actually produce things.

>>22346808
of course the market value is also driven by contingent speculative feedback loops, but cryptocurrencies DO have some expected utility as a medium of exchange in the future, a lot of speculation is driven by reasoning about this expected utility

>>22346859
>Crypto is 100% manipulation. At least stocks have grounding in the real world by being tied to businesses that actually produce things.
I wasn't sure if you were stupid or just trolling, but you revealed it with this statement.
Every financial market is 100% manipulation. That is simply how the world works with central banking.

>>22345408
ETH tokens will always allow you to utilize the ETH network to run dapps. This has intrinsic value as it costs money to run a computer. It has real value, I don't think BTC does though.

>>22345408
whats the point of the dollar or the euro? the only reason why we trade with it is because people THINK it's worth something. 14% of the whole supply of the dollar are really in this world while the rest of it are literally digital digits that are beeing exchanged and generated every fucking day. Now what gives us the confidence that this type of payment will prevail in the future faggot? The Fiat system was made to fail believe it or not. Watch what the ECB and FED are doing right now. Literally destroying the worth of the currencies by each day by printing a shitton of piece of paper (that you call valuable) and taking away your purchasing power as prices logically rise if the fiat money loses value. Now its really the perfect time to get into crypto. But if you still feel comfy with your true shitcoin dollar, i also don't give a single fuck faggot. Not everybody has a higher iq than room temperature to understand the correlations of economy and to implement the knowledge to your favor

make way for PowerTrade

>>22346851
>Are stocks ponzis? Is gold also a ponzi? Is the US dollar also a ponzi?
They can be. But aren't necessarily so. The crypto market will only ever be a ponzi scheme.

>>22346975
I'm not arguing for the fiat system. Although even the shitty jew run fiat system is 1000x less volatile than the crypto market.

>>22347080
if you didn't know there is a relatively new market called defi in crypto. coins offer different possibilities how to safe your investments from high volatility. you should look into that

>>22345408
>The only thing people actually use bitcoin for is to buy steroids online.
Why don't we just lead a nationwide bodybuilding campaign to drive up demand for Bitcoin?

>>22346974
How could any crypto be worth anything when some gook can just come along and invent a newer faster better one out of thin air making ours obsolete?

>>22346974
btc is dead we all know this, just like bsv,ltc,bch and all the other shite that tried to run with it and is still in the top 20.

the only things that have value are eth/link and a few other defi projects maybe, cause of lending protocols.

>>22346302
t. nigger

>not letting shekelburg see your every purchase is no good, please let shekelburg sell your information for free

>>22346672
yes

>>22345408
you had 11 years.

>>22347283
every transaction being public record makes it real easy for shekelberg to see exactyl what you're doing

>>22347250
your fud is weak man. eth has reached a high capitalization due to use. that means it continues because the 'manipulators' are making money operating the eth network. the other 'superior' token platforms simply dont have backing. no one is making money operating those chains. you arent as smart as you think. everything in this world is a ponzi. do you really think land is scarce? gold? usd? those operation reap profits for their operators so they continue. you missed out. i hold no crypto and i only short tops.

>>22347306
So you're admitting the whole object of the crypto market is to get gullible normies to trade things that actually have intrinsic value (legal tender) for thing that don't (shitcoins)

>>22347348
obfuscating crypto transactions is trivial in 2020

>>22347390
eugenics is the intended outcome of capitalism, bud

>>22347386
>do you really think land is scarce?
They're not making any more of it.
>gold?
The most reliable currency in the history of mankind
>usd
As fake and gay as it is, the govt will send battalions of Los Orgos de Americanos with guns to blow up anyone who says it isn't worth anything. No such thing exists with crypto.

>>22345408
That's every intangible market ever
The only value is the value people believe it has

>>22347434
they are literally making more, bud

>>22347452
and there for a moment I thought you were a serious person

>>22347434
profit motive is worth nothing to market makers, right bud? loose regulations are unfavorable. absolute midwit

>>22347463
no im not. you fucked up, bud. have you ever looked out the window of an airplane as you travel over a ray thru the entire united states? have you seem how much fucking land there is. this is a preatomization bubble. we live in nuclear settlements due to a proximity requirement which dissolves more each year. have you heard of the greek kleros of old? do you understand the competitive advantage of decentralized models? citys bubble. its poppin goy

>>22347469
I'm not disputing your ability to con normies out of their money. Ponzi schemes can be very lucrative. Your only point seems to be reing me that you've convinced normies to buy your bags. Congratulations.

>>22345408
except RSR

>>22347463
whered you go? to wage slave, i presume

>>22347572
ah you have an average iq. i see. sorry. ill be leaving and i recommend you rethink your life.

>>22347609
You argue like a woman. I'm thinking it might be you with the average IQ. We've already established that you are able to convince normies int buying your bags. You can't seem to make a point beyond that...

>>22347649
your ad hom is misplaced, mine was well placed. never held bags before. ive never owned a bitcoin. i trade based on overvaluation. when the market becomes frothy and parabolic i assist in price discovery. this can be done easily and reliably because bitcoin has no dark liquidity. every transaction posts to the blockchain before funds are moved. if you dont get why this is beneficial to society you arent a midwit. your a retard

>>22345408
because those yellow shiny metals have such a great inherent value...

>>22347776
stay out of this. they do. to say otherwise is lunacy.

>>22347727
No one cares about your dick wagging, nor does it address my fundamental concern about how bundles of 1's and 0's are actually worth anything

>>22347832
software is worth nothing. dude you are like borderline handicapped.

>>22347872
No one thinks of crypto as software. People view it as a store of value. Software's value is based on utility and service, which crypto has basically none of at the moment. This argument is becoming circular. Let's not steer this in circles.

>>22345408
the point is to buy the steroids with your bitcoin and hit the fucking gym you fucking cuck.

>>22347949
its software goy. dont kid yourself. the market knows better than you. theres a reason for the mcap of crypto and your right speculation is ONE of them. DYOR bud.

>>22347992
"the market" is entirely based on conning normies out of money. You know it, I know it, everyone knows it. You type many sentences while not saying anything.

>>22347949
only your arguments are retraced in our posts anon. youre an extremely disingenuous normie. you should leave forever and the quality of this board will increase.

there's actually people in here arguing against this guy saying crypto ISNT a massive ponzi scheme?

holy fuck some of you guys must be younger than I thought this median board age was

>>22348031
objectively false. simple as that bruv. you really had 11 years to put your money where your mouth is. im guessing you dont know how to short a bubble. thats not my fault. if you think you know more about bitcoins value then the market i invite you to short on cme/cboe platforms. if you havent heard of those i cant help you at all.

>>22348038
not really. just some really bad reading comprehension.

>>22348093
I'm not buying your bags, sorry. I was hoping someone would be able to give me a legitimate argument as to why crypto isn't a ponzi scheme, am disappointed.

>>22348111

I guess you also think that all the vapourware garbage being built on etherium isn't just castles in the sky and we're going to revolutionise the banking system

>>22348038
do you not know how to use crypto? besides greater fool musical chairs? are you not aware? there are significant advantages depending on use case.
crypto is extremely eugenic and that colors peoples perception of its intended purpose. its neither good nor bad it is simply is. i am not for or against crypto just correcting misinfo. my interaction with crypto has been to short when bitcoin at the peak of its speculative premium. effectively i am punishing the market participants for pump and dump behavior.

>>22348169
yes all the vaporware is sky castles anon. these idiots really think im a shill. i am a SHORT SELLER. holy shit the iq of this board is an INDICATOR holy lord

You know crypto is bullshit when it tanks harder than the stock market during the last crash. If it were a hedge against fiat currency it would be the opposite, like precious metals.

please stop trying to 'get in my head', you arent intelligent enough to understamd what goes in in there. i am not shilling you bags! the fact that you think i am shilling you crypto means you are ensnared in the insidious tangle of societal dishonesty. you think i JUST GOTTA BE SHILLING! theres no way i could be sincere. yep your a normie alright. stop posting you gotta get ready for work bud! big day!

>>22345408
>The only thing people actually use bitcoin for is to buy steroids online
nah bro i use it to buy estrogen injections from ukraine

it is the future though.
just think about what the world will look like in x years and ask yourself if gold will be of any use.
in a world becoming more and more technologized, 1's and 0's are the standard. you gotta take the future in account, not only the past.

>>22348351
You're not shilling, you're self-deluding. You've basically bought into the lie and have convinced yourself that what you're doing is actually legitimate. You haven't cashed out and when the music stops you wont have a chair to sit in.

>>22348295
i agree. each crypto is not a hedge unless its code provides an asset inversely pegged to indicies. to do so would render the asset it a mere inverse etf for cowboys and anarchists. you and i agree on a lot. im much more intelligent though.

>>22348384
do you know what a short seller is? im not mad anon. im just trying to help you at this point. i can explain things for you. were all frens here.
you know that means i profit when crypto decrese in price. that should clear up alot

>>22348384
i got trips earlier you havent got any. just pointing that out