/biz/ - Business & Finance

It's Coinbase again.

>>24290151
2 words: drumft

>>24290151
Drumpf, Coinbase, Greedy kikes wanting to get cheapie BTC, you name it...
And yes ladies and gentlemene, this was the great golden bull run of 2020. I hope you enjoyed it and made some serious gains. Please move to the exits now. With president Biden we will now enter 4 years of bear market. Come back in 2024.

>>24290151
>15% dump after a fucking month of green
>based on a rumor

How fucking new are you? Ever looked at the charts prior to 2017? Hell, were you not here during the corona crash? We got rejected at ATH after weeks of bullish PA, there is nothing wrong with that.

Fucking newfags. Full recovery within 4 weeks.

China ban crypto again?

>>24290339
The current dump is not over by a long shot, dude.

>>24290151
Natural cause of vertical parabola. 20% pullback would be nothing compared to 2017 runup.

news doesn't matter, just something for people to point fingers at

>>24290151
Trump taking one final shot at crypto before he leaves office. He wants that money in the stock market where it can make profit for his boomer buddies.

>>24290382
you would know

>>24290151
DOD is dumping everything FedCoin is coming.
Do none of you even read the news?

>>24290382
that's what I just said to my wife when she knocked on the toilet door

>>24290382
Even if it extends to -30%, it's not out of the ordinary. Ever looked at the RSI? Or the FGI? Jesus christ, how new?

>>24290151
In crypto world this is just a pullback on a parabolic run

>>24290403
this

>>24290416
>Trump taking one final shot at crypto before he leaves office
And you think Trump is leaving office? State legislators are in open fucking revolt due to widespread coordinated rigging.
DOD got purged - all this shit was financed with untraceable crpyto commie coins.

FedCoin is coming. Call it a larp call it whatever you want. Something used so heavily to fund international crime syndicates which attacked the USA ain't going to be able to survive the retaliation. Get fucked

>>24290328
biden presidency and the ensuing hyperinflation/devaluing of usd will pump crypto like never before

>>24290600

> This

When the boomer stocks/ USD get hit hard crypto will bloom.

Ironically Trump losing would be good for crypto. Unless PedoJo decides to regulate.

>>24290705
Trump isn't losing. China is going to be hit with sanctions. Crypto is going to be destroyed by the DoD.

“This proposed regulation would, we think, require financial institutions like Coinbase to verify the recipient/owner of the self-hosted wallet, collecting identifying information on that party, before a withdrawal could be sent to that self-hosted wallet,” Armstrong tweeted.

https://www.nasdaq.com/articles/coinbase-ceo%3A-trump-administration-may-rush-out-burdensome-crypto-wallet-rules-2020-11-25

>Record $1 billion worth of bitcoin linked to the Silk Road seized by U.S. government
https://www.cnbc.com/2020/11/05/1-billion-worth-of-bitcoin-linked-to-the-silk-road-seized-by-the-us.html

>>24290594
>>24290852
Dude, it's over, let it go. I know it's hard, but this is the coming down phase. Nobody gives a fuck about "muh state legislators" every Trump campaign lawsuits got turned down or modified to the point of being useless in every swing state, and the Supreme Court washed its hands clean. There's no bombshells, no krakens, no smoking guns. Trump is going. The election is not going to be overturned, he's not going to create Tea Party 2.0 inside GOP, he's not going to have a "media empire" by buying out some podunk website, he's not going to run in 2024.

He's going.

Check your shitfolio now. Then check pic rel. Then check digits

>>24291152

>>24290479
Based toilet occupier

>>24291180
cope

>>24291180
Completely detached. Go outside

>>24291180
You're quite literally coping hard.

>>24291152
>>24291217
>>24291259
>>24291267
Cope

>>24290594
>>24290852
He lost, Biden won, Trump will be the last freely elected POTUS in the US.
You don't get to chose the world you live in, it is what it is. Is it really that bad living in country that is governed by the media, non-elected bureaucrats and twitter mobs?

>>24291343
>i'm not coping you're coping
sigh

>>24290852
What Sanctions, The USA is 2.3 trillion in debt to china. literally their bitch.

>>24291985
You know the saying right? If you owe the bank a million you have a problem, if you owe a billion the bank has a problem.

coinbase is insolvent so they had to dump the market. they know retards will hold and watch gains turn to losses so its a win for them

>>24291985
>The USA is 2.3 trillion in debt to china. literally their bitch.
That's not how it works

>>24292010
How much do you think china pays in taxes to the USA and the other way around ? You know those fine hats you got "Make America Great again" ? made in china. Look at the label in your hat"

>>24290151

BTC was invented by the central banks for three reasons, first, to split the anti-fiat community, and cause dissension in our ranks; secondly, to divert capital away from precious metals; thirdly, to prepare the world for CBDCs. It ought to have gone to zero after 2017, but it has been pumped and re-inflated by tether and other stablecoins, just as the stock market has been pumped and re-inflated by Q. E. My reasons for thinking as I do:

1) Tether is widely believed to be responsible for the 2017 crypto pump (its own founder admitted this suspicion to Jordan Belfort https://www.youtube.com/watch?v=Xzpqxqbq0Jg).).

2) Tether now has 10x the mcap that it did during the March crash, when BTC crashed to $4000, and also has a 40 billion per annum printing-rate. The only time when tether was ever audited was 2018, and yet even then it was found to be backed only by “75% cash and cash equivalents.” The truth is, tether is probably “backed” by the very BTC which it is printed out of thin air to buy.

3) BTC volume is only 5% of what it was in 2017, and Google searches for Bitcoin are in the gutter. This shows that retail interest is low, and almost all BTC is going into tether's hands (as DesoGames explains here https://www.youtube.com/watch?v=qzDjJ-SrojY).).

4) BTC is completely worthless as a currency. https://blog.plan99.net/the-resolution-of-the-bitcoin-experiment-dabb30201f7?gi=a80dff4c0636 In 2017, you had $100 fees and 3-day transaction times when sending BTC. Even if the Lightning Network were implemented, only 0.1% of the world population could use BTC.

5) The only way to use BTC as a currency is to go through Blockstream's second-layer solutions, which track and trace everything you do. BTC also tracks you forever on a pseudonymous ledger, hence why the BTC Twitter hackers were caught within days of cashing out. Physical gold and silver coins are therefore superior for privacy to BTC.

(1/3)

>>24292097

6) Solutions like BCH are not the answer, since, the larger the block-size, the greater the degree of centralization. To the point where you might as well simply keep your gold in a vault and use a gold-backed crypto instead, because that is no more centralized than what you will inevitably have with something like BCH or BSV. Kinesis (allocated gold on the Blockchain) does everything which BCH claims to do (banking the unbanked, 24/7 transactions, making microtransactions, etc.). https://www.youtube.com/watch?v=5Q9aYYluRA0

7) Satoshi is really Adam Back, the head of Blockstream. https://www.youtube.com/watch?v=XfcvX0P1b5g Blockstream is controlled by the banks and the Bilderberg Group.

8) Bullion banks are bidding up the price of Bitcoin on the futures exchanges at the same time as they are suppressing the price of gold, as Rob Kientz shows. (https://youtu.be/Bq9SblPW-6w))

9) Promotion of BTC in the mainstream media is unrelenting, showing that they completely back it. The MSM, of course, is controlled by the bankers.

(2/3)

>>24292115

10) Russia, China, and the other eastern countries have been accumulating gold to issue gold-backed currencies after the reset, not crypto. They already have enough gold reserves to do this. The eastern countries are where the real production is, so, if they don't take BTC, BTC is good for nothing.

11) Gold-backed currencies in the modern banking system would work with perfect efficiency, whereas no crypto can function as a currency for more than a minuscule fraction of the world population.

12) Money must represent savings, i. e. what is useful for production and industry; otherwise, no country has any reason to take it as an equivalent exchange for their goods and commodities. But crypto stores no intrinsic value. After the reset, then, BTC will go to zero when priced in gold (as Alasdair Macleod says).

13) Crypto has enormous intrinsic disadvantages when compared to gold. If you have gold in a vault, you are protected from the following: Being tortured out of your life-savings within ten minutes; losing them to memory-loss; dementia; a thoughtless mistake when making transactions; a key-logger or other hack; burglary (extremely rare with respect to private vaults); a fire; a hardware failure. BTC also, as I have said, lacks the privacy of gold and silver coins, and is fundamentally unusable as a currency. Whereas digital gold on the Blockchain (Kinesis) or gold-backed currencies in the banking system are perfect as currencies.

(3/3)

>>24290479
kek

>>24292115
>>24292115
>he larger the block-size, the greater the degree of centralization
the purpose of the btc raspberry pi nodes is to allow for independent verification; they don't affect decentralization. You can do the same thing using the merkle root and block hashes on big block bitcoin

bump

>>24291985
>>24292062
>Hey China, fuck you we won't pay, what you gonna do? Call the police?
How does China react?

>>24293880
Rolls into Taiwan Strait and South China Sea, activates all the security risks in the US and Canada, starts pumping resources and arms inro DPRK

>>24290382
It was over 3 hours ago. Look at base money supply now vs 2017. There is zero chance BTC drops below 15k ever again

corona virus

>>24294375
SELL SELL SELL

>>24291985
This is not how that debt works. China is also heavily indebted to the US through the very system.

>>24290151
>What is the main cause for the ongoing crash
quite literally pic related

>>24290151
We're still in the middle of a pandemic disease and nobody has a fucking job. No vaccine = no bull run.
>but the virus is fake
Even if it is, the economic impact has been real. A vaccine would bring lots of optimism to the market.

>>24290151
Jews

>>24290479
>wife
>dude
Yeah, shes a man

>>24294939
>A vaccine would bring lots of optimism to the market.
Three really effective ones were just announced last week that are just about ready for shipping.

>>24292062
they're actually made in California...

>>24290151
it went wrong where we reacted to dumps, just hodl through dont visit this board when the price moves.

>>24291343
cope

>>24290479
>married
>2020

Yet another drop...

The people we should be hanging on trees are making their move

>>24290254
more like blidempft