/biz/ - Business & Finance

>>24992667
kys newfag

>>24992667
take a look at the money printer the feds have.

you tell me how that is also sustainable

high demand

>>24992667
Ever heard of "log" you retarded animal?

>>24992667
You're not seeing the entire picture. You're looking at BTC/USD relationship. Is BTC going up, or is USD going down? It's not sustainable, at least the way the fed is treating the dollar it isn't, but bitcoin is here forever.

>>24992720
It isn't lmao we're so fucked man

>>24992667
Wait until you see the USD/BTC chart.

Zoom out

>>24992667

>>24992667
https://youtu.be/-fQGPZTECYs

>>24992731

>>24992667
https://fred.stlouisfed.org/series/M2V

>>24992667
You need to zoom out. It only looks scary because you're so zoomed in. If you were to zoom in on that flat line to the left there, it would look exactly like this chart does right here. Basically you're too zoomed in. Eventually these crazy peaks will become a flat line.

>>24992667
It looks horrifying because you are measuring it in USD. Nice to see boomers starting to realize what a joke their money is.

>>24993562
Zoom in

>>24992667
THE JEWS HAVE SOCIALLY GENETICALLY NATURALLY ENGINEERED HOT SHAMELESS ROASTIES ONLY LOOKING FOR GETTING FUCKED BY AS MANY MEN AS POSSIBLE FULL OF STDS TO KILL GOYS AND MAKE JEWS RULERS OF PUSSY PLANET

>>24992667
Looks comfy. Picrel.

>>24993454
this

>>24992667
It is horrifying, for people who didn't buy any

>>24992667
How the fuck is this sustainable or practical in any way, this looks horrifying

>>24994233
kek

log scale looks nice

buy and HODL
nigger

>>24992731
Log scale doesn't automatically make something economically sustainable.
How does it feel to have a room temperature IQ?

>>24992667
35% of all USD in existence were created this year.

Let me repeat that. Over a third of all USD ever made, in 100 years, were made in this 1 year.

This is not fake non-existing USD (Tether) but real USD that will flow somewhere, either into stocks or into crypto. Especially since few people keep money under their mattress.

Hopefully faith in USD doesn't falter next year. There is talks of printing more.

>>24994450
You need to zoom out too ok

>>24992667
>he doesn't know
>>24994233
>he knows

>>24994450
>35%
I keep coming back to this insane amount in my head. It's just way too fucking immense.
They overplayed their hand this time. USD is a true shitcoin at this point. Say goodbye to your reserve currency status, dear burgers.

>>24994471
explain what you mean

>>24992803
Really stupid take
The fed is not literally "printing" money, if that were true we would see something close to 35% inflation right now, obviously
Especially since doomers and lolberts were saying the same thing in 2018 when the fed tried to tighten but got BTFO buy the pussies of the stock market and had to reverse that decision AND last year when they did the same thing but bigger

The fed does not literally print money, it just puts money in the "bank accounts" of the big banks known as the primary dealers
These accounts can basically be set at infinity but they won't cause any inflation until the primary dealers actually use some of that liquidity in financial markets, which then may leak out into the real economy
If the primary dealers don't do that, then there's no inflation

Similarly the banks can offload their shitty worthless assets like negative real yielding bonds to the Fed's balance sheet in that money is effectively taken out of the financial markets, only to build up on the Fed's balance sheet where it will one day cause inflation if and only if the Fed can't pay it's liabilities in some way or basically becomes insolvent, which is likely on the timeframe of several years away as opposed to next year
>>24994450
the way for the govt to cause inflation directly is by spending up the debt, which it did do to the tune of a couple trillion worth this past year, and will likely do in the future but not to collapse levels

>>24992667
Nothing is suistainable though, even the universe will suffer a death.

>>24994052
It's like Ram Ranch except the cowboys are roasties

Only incels believe in crypto anymore , the big banks will never let the masses get rich.

>>24993606
This

>>24994640
bro. listen to yourself. real estate and stonks are climbing higher and higher while wages for most are barely trailing above the meme CPI. wealth inequality is at least as bad as in the guilded age.
the fed is in an eternal cycle where they have to keep expanding the balance sheet so institutional bagholders don't get fucked. all the while the gov keeps misallocating resources and spending like they have infinite money (which they have). once the debt bubble pops and interest rates rise beyond the fed's control - which is only a question of time - all the unprofitable companies propped up by cheap debt will falter.

or you can have eternal limbo and decline like japan has had for 3 decades and counting in case you prefer that approach.

>>24992667
You have seen nothing. I am in crypto since 2011. And 2020 was my financially most sucessfull year of my life. In a pandemic in which everyone is on life support. kek.

>>24992667
zoom in

>>24992803
They print to buy failed bonds and securities, it's a 0 sum game for now

>>24995090
Nothing wrong with what Japan is doing
It's a balancing game
Even if 70% of their stock market is controlled by their central bank and they had inflation through the roof for decades nobody really gives a fuck

>>24992667
Well now we know lol

>>24994471
>>24994640
Perhaps seeing it in a chart will help: https://fred.stlouisfed.org/series/M1

If this was any other country but the United States of America I would exit their stock market ASAP because it certainly looks like hyper inflation.

However, just because it has happened in the past doesn't necessarily mean it will happen now, especially since it's the "world currency". And especially since it's a digital age.

Looking at the chart is still worrisome though.

>>24992667
Take a look at TSLA

Anon, if you could print out money to buy something you can't print out - would you do it? Answer lies in the chart, YES = UP

>>24995090
we're just gonna do what japan is doing. when the fed does QE it supresses the interest rate AND takes dollars out of circulation. so unless the rest of the world starts dumping dollars, the game can go on

>>24992731
This

>>24994426
Youre missing the point, halfwit. With natural scale Its impossible to visualize a massive history of price movement where there are always similar relative percentage changes but which span many different magnitudes of absolute price change. A x10 rally when btc is $1 results in a far different absolute increase in value than when btc goes x10 from $1000. Log scale puts that long price history into a similar scale to put exponential growth into perspective.... otherwise it just looks like a flat line that goes parabolic into a scary vertical. Any project that keeps growing for long enough will look like that at natural scale, and also require a log scale to make sense of that growth

>>24995090
Yes dickweed
I didn't say there would be no inflation, only as much as the primary dealers will leak out
We just printed $2T last year in stimulus, aka 10% of gdp
A fuck ton of that went straight back into stocks

>>24992667
It's not

>wait for the next big BTC crash
>buy low
>sell high
>???
>prophet muhammed

>>24992667
anything is possible

>>24994640
Imagine being this big of a shit eating faggot, thinking that just because the government is printing money and handing it out only to big corporations and banks, that it doesn't technically count as devaluing the currency.

>hurrrr instead of inflation we get feudalism tier wealth inequality therefore everything is okay

>>24997830
You're just retarded and don't understand how the system actually works
Learn about the primary dealers, the discount window, etc
I'm not saying inflation isn't real but it isn't 35% this year like
>>24992803
or your big scary M1 charts imply

>>24993454
based.

BTC should be over 50k actually at this point

>>24992667
it's not, sell now. short on high leverage if possible for max gains

>>24992667
Money printer go brrrrrrrr. Do you undertand now or you need more proof.

>>24992667
Invert it vertically and that's your beloved dollar.
Yes, it's horrifying.

>>24994233
What is the square cube law?

Tiny market cap back then. Not even a close comparison. Btc will need progressively bigger and bigger buyers to pump the price

zoom out bitches

>>24996224
It's only going to get worse :)

>>24994233
Extend that chart by a month lmao

>>24999114
Bigger buyers? You mean like the companies, trusts, funds etc. that are dumping hundreds of millions of dollars into BTC right now?