/biz/ - Business & Finance

>>25814761
oh no 17%!
i watched BTC go from 20k to 3k. where the fuck were you?

>>25814813
prolly still in diapers

>>25814813
Now you get to watch it go from 40k to 3k.

>>25814813
Buying gold coins apparently

>>25814813
>i watched BTC go from 20k to 3k. where the fuck were you?
also on /biz/

>>25814761
Z O O O M O U T
O
O
M

O
U
T

>>25814761
Gold hit its ath and nuked and is still down 20% kek, that’s not strength. Silver is well down further from its ath many years ago, Btc is still well above it’s ath and this is a dip in a new run, metals are garbage

>>25814941
>Z O O O M O U T
the higher the price, the smaller the returns. people are not buying $40k+ btc, stop being delusional.
sell and preserve your wealth

>>25814994
>still down 20%
>shitcorn down 17% in HOURS
LOL you crypto fucks are deluded. Its no different than 2017/2018.

>>25814761
You're the anon who made this image, right?
Incredibly based.

>>25815050
Went up 100% in a month before this, kek. When’s the last time gold posted gains like that? When’s the last time gold went +100% from its ath? anon, you’re riding on a dead horse

>>25815225
I can touch gold. I can't touch bitcoin.

>>25815225
>btc still dropping
>gold not dropping
hmm, maybe you should buy some gold and preserve your wealth :)

>>25815357
>>>
> Anonymous (ID: LYKvA1Cd) 01/10/21(Sun)22:42:13 No.25815357▶
>>>25815225
>I can touch gold. I can't touch bitcoin.
you can actually touch bitcoin. the 1's and zeros physically exist.

>>25814994
>>25815225
Care to explain why a store of value loses $1500+ in 10 minutes?

>>25814853

this

getting diamond hard

>>25815415
I'd rather not have my wealth stuck in "the cloud" behind hackable exchanges.

I only got into bitcoin for speculation because that's all it is.

The store of wealth line is pro-bitcoin propaganda.

>>25815189
no it was me

>>25815537
do you niggas seriously think its going to 3k?

>>25815525
For the same reason it increased so quickly.

Where do I buy gold coins anon?

>>25815384
Gold down 5% in the last month, up 35% from the Rona lows, bitcoin still up around 30-40% in tbe last month, up 9000% from the March rona lows
Anon.. i ..

>>25815596
learn TA

>>25815642
TA doesn't work.

>>25815615
kek so much this, I guess golds kinda stable but it was $1710 in 2012, now it’s $1840 so yeah quite pathetic

>>25815596
Only if legal action is taken against it or its associated organizations.

Could fall as low as 10K but 20K is fair price.

>>25815615
Something can only ever lose 100% of its value, but go up infinite%
Do you understand?
its now down 20% in less than 24 hours :)
youre smart for buying this "store of value"

>>25815608
https://preciousmetals.td.com/shop/en/tdmetals

Peter I’ll give you a bitcoin if you stop posting here.

>>25815596
anything above 10k was fake price made of fake USDT

>>25815719
Is gold a store of value when schiff was shilling it in 2012 at 1720, now it’s 1840 while paper money has inflated 5-10% a year since then? So yeah you’ve been destroyed if you held gold during that period

>>25815774
no. my btc short entry position is 39k.
fuck btc.

>>25815537
>buys in every last cent you have at 3k
>feeling comfy
>crashes to 1k forever
>lost 67% of your net worth

>>25815615
>implying the BTC crash is over
Oh honey...

>>25815808
Don't sell. It might take a year to get back but it will.

>>25815847
My entry is 4800, so I’m as comfy as schiff buying gold at a few hundred bucks, thanks for your concern tho

>>25815795
guess we'll find out which is a better store of value/wealth, after btc is finished crashing :)

>>25815880
alrighty

Ah, we're at denial stage already. All these poor holding fools screaming that it's normal

>>25814761
Gold is a stable coin
Imagine buying a stable coin as an investment

>>25815795
Gold isn’t an investment dude everyone knows that, it works well at preserving what you have compared to FIAT.

>>25814761
>buys gold his whole life
>hits an all time low as he dies broke
what would happen then? would u come back here and apologize?

>>25816016
When the fed is printing money it's actually an investment

>imagine thinking people buy ONLY gold and don't invest on the side in stonks and crypto
if you don't use every side of the wheel you're not gonna make it.

>>25816118
Right now there is deflation though (in terms of consumer price index). Has been for almost a year now.

>>25816118
Really? Cause it was 1720$ in 2012, now it’s 1840$ 9 years of printing later

just wait til it's 7k in 8 hours lmao

>>25815596
SEC will tell

>>25816236
>everything more expensive
>asset values inflated
>deflation
what?? :/

>>25814761
Only retards aren't in real estate and cash right now

>>25816374
>cash right now
>US literally printing $1Trillion+ in the next few weeks

>>25814994
You mean a commodity-backed by futures markets like gold and silver./ The only market where the value of the physical asset is derived by its value in the futures market is tamed and manipulated?
Wow I would never.
The goldbugs unironically are the biggest delusional idiots out there.

>>25814761
store of value doesn't mean no volatility ever you brainlet... If you're such a newfag you don't understand the SoV beyond a normie interpretation of the term, you shouldn't be in crypto and you shouldn't be polluting biz.

>>25816236
>>25816345
"Deflation" only in the skewed CPI which doesn't include food and home prices but includes shitty throwaway Chinese electronics prices in their inflation calculations.

>people confusing store of value and profittable investment
gold is all about preserving money, btc about opportunities to make it. BTC is down 18% in a matter of hours but it also up 178% in a matter of WEEKS.
you metalniggers are literal cucks who doesn't know when to sell, you literally denying yourself any pleasure in live for uncertain and distant future.
You should only store emergency funds in gold, also grow balls and stop missing opportunities to make money.

>>25815545
>stuck in the cloud
kek

>>25814761
bitcoin is in an extremely early stage of its development and is in price discovery and will be for another 10 years. No one thinks its a store of value yet. No one thinks it WONT be a store of value when it is established.

>>25817077
>chinkcoin
>future
okay, slant

>>25814761
OH NO the most expensive form of currency that has been accepted by many as something of value is tanking because it rose extraordinarily high and is still insanely above it's old ath!!! WHAT ARE WE GONNADO

>>25815719
>Peter Schiff detected
Look FUD is important, Schiff, we all know that. And you're one of the best. But you're preaching to the choir here. You need to go make this thread on normies.com.

>>25817118
>Joe Biden
>46th US president
China's future hegemony just got locked in over the last 6 weeks.

>>25815225
do maxipads really not understand the concept of volatility?

>>25817264
>China's future hegemony
no. bug people will rule nothing.

>>25815700
Why is 20k fair price?

>>25814994
>Metals have dipped while still remaining in a bull run formation at the same time that the US is entering hyperinflation
Buy. The. Fucking. Dip.

>>25817351
>Denial phase
You will be speaking chinese soon enough Billy Bob.

Buy before it's too late

>>25818276

>>25814761
HAHA I BET YER LAUGHIN NOW ARENT CHA FAGGOT HAAAAAAAAAAAAAAAAAAAAAAAAA

There isn't much time left to escape into real assets

>>25814761