/biz/ - Business & Finance

>>26194097
FIRE SALE GET IT WHILE IT'S HOT

>>26194097
Crypto is a hedge against traditional markets

>>26194180
Cope

>>26194097
>a fucking flu

>>26194180
Crypto is a gigantic pyramid scheme. It has intrinsically 0 value besides speculation on dumping on speds. I own crypto, but do you even think about your stupid bullshit? Do you remember what happened to crypto in March when the market was going down? No, it will totally be different this time

>>26194097
>>26194097
You have literally 0 understanding on how market works.
>STOXXX 600 will tank as always
>S&P500 and EM Asian Markets will dip a bit then recover stronger than ever
>NASDAQ and Crypto will fly to the moon, again

>>26194294
What does "intrinsic value" mean to you?

>>26194316
He means as a currency you can’t buy food during an emergency with it

>>26194294
I don't care if crypto goes down to zero I'm gonna put all my money in because I don't want to hold cash

>>26194294

>. It has intrinsically 0 value

Objectively wrong since you can buy drugs with bitcoin.

>>26194097
So more QE, eh?

>>26194294
Crypto is actually malware specifically designed to engulf the global financial system - and it's going to

>>26194307
Do the needful
>>26194316
You're right, I didn't think this through, honeypotcoin will always be an anonymous method of buying drugs on the internet

>>26194294
>It has intrinsically 0 value
Crypto holds and transacts over one trillion worth of USD (and growing) without a central power/authority/entity/... being in control.

The only people saying this holds "0 intrinsic value" are kike bankers afraid their whole world is about to collapse.

>>26194440
If you don’t think Jewish bankers own crypto by now you really are out of the loop:

So if the first crash didn’t even go down by 50%, what makes you think this one will?

>>26194464
owning crypto and dictating the direction of global finance are totally different things mongoloid.

>>26194180
this isnt true yet, crypto feels it when stocks crash, it should be a hedge but it doesnt act like one yet

holy shit i might cough a few times??

sell everything

>>26194464
Oh I'm sure they also own crypto.
Doesn't change a thing about what I said.

>>26194440
It's bots selling printing tether to bots laundering money selling to bots running algorithms and so forth, there is no real value transferred. That's just fucking stupid and wasteful, think it through. You're speculating on the cost of used electricity and air.

>>26194532
it hasn't been given a true chance to prove itself past the abrupt liquidity rush phase. A true stock market crash without interference hasn't happened yet

>>26194537
it’s a way to 10x to 20x your money and then gtfo

>>26194294
Crypto is not a pyamid scheme.
Its very design is to be a vent to vent out inflation caused by rampant money printing.

>>26194571
And then cry when the next wave takes it even higher.

>>26194552
Fucking cope lmao.

>>26194097
Bullish for tech and crypto

>>26194097
>Another New Covid-19 Variant Discovered in L.A. Might Be Vaccine Resistant, Researche...

>>26194316
it means I can touch it with my hands and build a home with it...means i can chop it up or hit my nagging wife over the head with it. You zoomers don't know what real value is.

>>26194610
They've been finding new strains since before the virus even got here.
News media getting that bread.

>>26194552
>Crypto and DeFi specifically are going to create a derivatives market that puts the current $1 quadrillion derivatives market to shame

>>26194307
Youre a retard

>>26194596
You don't get it, and you think you're smart and smug, prepare for the rug.
Custom etch a tombstone with your female name for your parents while you're up

>>26194294
>Do you remember what happened to crypto in March when the market was going down?
Fondly. I treasure the memory. Bitcoin went down with the rest of the stock market, PMs, everything, just as it should - that's how it works in a liquidity crisis. But did you see what happened when liquidity started returning to the market? Compare Bitcoin's recovery to Nasdaq's, you'll see what I mean, trust in Bitcoin is absolutely phenomenal.
And who can forget the time they got to buy Bitcoin at $4k in 2020?

ITS A FUCKING FLU!!!!!!!!!!!!!!!!!!!!!!!!!!

WAS COVID POSITIVE LATE DECEMBER. I HAD SNIFFLES!!!!! NO COUGH NO NOTHING! JUST FUCKING SNIFFLES!!!!!

WTF IS GOING ON BROS? WHY THE FUCK IS EVERYBODY ACTING LIKE A FUCKING MAD KING?

>>26194552
this is literally the state of fiat

>>26194635
Value is derived quite literally from a network of people that value - fucking boomer retard

>>26194576
It's not a vent, it's a heatsink. It's meant to immediately disperse value in the event of collapse. This is not cyberpunk 3000

>>26194665
You're really upset about this, aren't you?

>>26194635
Darn tootin straight! If you can't kill someone with it, it's not a coin!

>>26194685
Plus, every mutation gets less harmful as it grows more infectious.

>>26194097
This madness needs to stop. It never was about the virus..

>>26194713
he missed out on LINK and is mad about it

>>26194713
Ok, please go 100x leverage right now sir

>>26194748
Seriously anons... what are we going to do about this virus hoax? I cant take it anymore... This isnt even funny anymore...

>>26194685
Because it's more dangerous for old people

>>26194774
Now why would I do that?

>>26194180
Worked out pretty well in march, yes?

>>26194399
No crypto is the anti-virus that will rid the global financial systems from the malware it has been bogged down with over several hundred years. Remember that John McAfee is our king.

>>26194097
Cool, I'll stablecoin up when it drops 20%, whats your point?

>>26194807
OLD PEOPLE DIE OF FLU EVERY DAY!

All of my 4 grandparents died cause of flu/pneumonia... (before "covid") why? cause they were old and thats how most old people die in normal circumstances!

>>26194685
For you

>>26194818
No, crypto is literally the virus that will rid us of the corrupt global financial system. It's what it's designed to do. It pulls everything in via market inertia and then goes supernova - resetting everything. Save this post - and enjoy the ride because if you're in crypto you're going to be richer than you can ever imagine at least for the next decade and half.

>>26194294
Stay poor, faggot.

>>26194193
seethe, ETH and erc20 markets are about to blow along with xmr. banks will be closing branches like it's 20082 while secondary crypto markets boom like crazy

>>26194856
If they were still alive today, I BET the propaganda machine would ass rape them on the fucking intubation bullshit and just make them means to their propaganda!

>>26194097
> duh viruses mutate
priced in already

>>26194698
What happens when the internet goes out ? I'll still have my gold bricks and coins.. your buttcorn will be useless!

>>26194097
>vaccine resistant
Oh jeez, looks like we’ll have to treat this cold with vitamin C and chicken soup. We are so fucked

>>26194180
Dumbass fuck normie newfag tier regurgitated talking point. Lmfao. I bet you don't even own crypto faggot.

>>26194294
>durrr there was a crash therefore scam
You realize zig zagging charts is a common thing in stocks right? Nothing just goes straight up constantly you retard. There will of course be a correction but the new bottom is 20k.

>>26194696
Correct. The fed does exactly what tether does.

>>26194635
Stocks have no intrinsic value, since I can’t break into your house and beat your whore wife with it

>>26194929
If the internet goes out, faggot, your gold and silver will be worth jack shit. You should have bought land, .22 rounds, beans, and established a trusted network with likeminded individuals. That's what you do if you're hedging against global interconnectivity

>>26194929
The internet is itself decentralized by power supply, infrastructure, ...

"The internet" goes out all the time in all kinds of locations.

>>26194337
alien emp attack is the only case in which crypto doesn't survive, which would also affect traditional markets anyway. being poor would be the least of your problems if they ayyylmaos came to visit anyway

>>26194097
>L.A.
shame, that.

>>26194294
piss off bobo

you cant have my coins fuck off

>>26194180
Ah yeah that worked out well in March when bitcoin dumped to 3k because of covid

Does that also explain the literal years of bear market in 2018-2020? Was it "a hedge against" the economy that was working well? Kek

>>26194635
imagine thinking rocks and a 2x4 are more value than the internet

>>26194576
ultra high iq take

>>26194552
>no value
tell that to cz lol

>>26194180
Retard. This hasn't been true since 2018.

>>26194793
It's a hoax with a purpose, if you look at a lot of markets shit was already sliding in November/December because the system is top heavy with baseless fiat. Crypto is a symptom of the times -- it is pure speculation that somehow your bags will be droppable at will and convertible to local fiat. Not a single person here can explain how blockchain works on a technical level yet you have fomo'd all your neetbux into what you see as your chance to escape slavery in the system. At some point after globalhomo crashes the system with no survivors and establishes complete McControl over all McCitizens, the new McCrypto value will be as real as anything is ever allowed to be again, but that will have little correlation to current crypto stacks. Some of you that are 100% crypto are going to be investing in rope when the real shit hits the fan. 2008 was a little babby, 2012 was a nothingburger, 2018 was chink games, 2020 was a warmup.

>>26194532
>this isnt true yet, crypto feels it when stocks crash, it should be a hedge but it doesnt act like one yet
Aargh, no it shouldn't, where did anyone get this idea?
First let's consider BTC, then the rest of crypto.
BTC is digital gold, right? So, let's think about gold, is gold supposed to be a hedge against crashing markets? Hmm. Let's see. Think.
You think the answer is yes, don't you?
NO! Gold is for protecting against INFLATION. The idea is this. You have enough money to buy a house. But you don't need a house today. You might need one in 10 years though. But prices go up, so if you just keep your dollars you won't have enough to buy a house in 10 years. So you buy gold, and because gold is an asset just like the house, the gold price will also go up during those ten years, hopefully at least almost keeping pace with the house price. Gold protects you against the price of things going up, preserving your purchase power, because it is a thing for which the price goes up with inflation, rather than a dollar, which loses purchasing power over time. THIS is what is meant by "store of value". An alternative way to preserve value would be the stock market, and if you invest well you can beat gold. But the whole purpose of gold is to be the totally brain dead place you put your money if you have no better idea where the market may go or what stocks to buy.
When markets crash, people need liquidity and sell their assets, including their store of value assets. After the crash, the stock market recovers, but just holding through the crash might not work, because lots of companies go bankrupt. Again, gold is the brain dead store of value if you don't know what stocks to hold through the crash, because while gold goes down with all the stocks, gold is the only one guaranteed to go back up after! This is what is meant by store of value having an element of crash protection, not that it won't go down but that if the market at all goes back up, gold will too.

>>26194970
I've been baiting you for fun but you're too dumb. Gold would always be worth something it's the oldest form of money for a reason.

>>26194097
C H E A P I E S

>>26194930
i've got a thwory they rushed the vax ro mutate the virus further. btw to also get adequate vit d and omega3's from chicken it needs to be free ranging

>>26194097
XRP delisting on Coinbase in 8 hours LETS GO BOBOS

>>26194929
>you will be poor forever
quick sell all stock in apple microsoft and amazon because the internet might go out

>>26195160
If you survive the collapse and a gang of bixnood niggers don't just take your shiny metal from you - while in the process of taking your much more valuable food and meds

>If the world turns. into an apocalyptic hell-hole - my gold will have value

>>26195160

He can just take it from you lmao

>>26194807
why don't we lockdown and vaccinate old people only then?

>>26195142
Back to BTC. BTC is also a store of value, just like gold, but digital. That means when the market crashes it would also be expected to go down, just like gold. However, if it is indeed a store of value, like gold, the whole test lies in if it comes back again when the market recovers. And did it ever.
Now, if the point of a store of value is just to track inflation, why is BTC doing so fabulously well? Gold sure isn't, it's showing some trouble just keeping up with inflation. BTC is beating inflation by such astronomical numbers that it's not even funny. Why?
Because we are in price discovery of a new asset class, true digital store of value. And the true market cap for digital gold is gigantic. We're nowhere near the top. So the price is climbing to reach its true value, after which it will start becoming more of a true store of value keeping more even pace with inflation.
What about the alts? Well, they are not store of value (some try but have no chance). Since they don't have this role, investing in them is much more like investing in companies in the stock market whereas investing in BTC is like buying gold (although gold in parabolic price discovery). Thus, when the stock market crashes, it is very natural that all the alts fall to. And like the stock market, in a crash you better know which cryptos to hold that might survive and bounce back after the crash, and if you don't know, buy Bitcoin.
But the idea that "crypto is a hedge against the stock market crashing" is completely false.

>>26195378
Because it's not about the virus or the old people or the children, it's about controlling the population and culling anti socials

>>26195273
>>26195273
Imagine being shtf situation. What do you think will happen to the guy paying with gold bars when everyone else that is trading their wives for an hour for a can of beans finds out? Lol it's not going to be pretty.

>>26194097
God please

>>26194097
Everyone is so tired of covid that I think people will just stop pretending its dangerous if it comes around again

>>26194097
You are ignorant. This is extreeeeeeeeemely bullish for btc. It means more money printing

>>26194294
Based

>>26194097
>obvious clickbait "journalism" website
and onother one who missed the 100 buy opportuities in the last years and resorts to desperate fudding

fuck off, you messed up, deal with it

>>26194180
Have you been here last March, dickhead?

>>26195383
Bitcoin's value is in its mass adoption, the fact that as more people try to use it btc gets wonkier and less efficient, and the fact that key national players such as china have hoarded substantial amounts of it. The entire nature of bitcoin's current value is that it is inefficient and stupid when taken to the logical extremes of human greed in artificially generating scarcity and tards losing access to their wallets. It has no intrinsic value, every transaction makes it bulkier and more unwieldy, if the big players exited the market and switched to fucking litecoin right now the btc price would approach 0. It's not even anonymous, the governments just generally do not give a fuck about how much MDMA you buy as long as you don't get too uppity

>>26195517
i think its real and even i have done this already

>>26194294
>implying
I pay the chicken lady for chicken and rice lunches daily in BCH which I mine.

>>26195703
I think its real but I don’t care really and roll my eyes at these softboiled wimps who self enrol in intensive rehab programs because they get short of breath going up the stairs after a year of sitting and eating junk food.

>>26195442
>>26195273
The gold might be useless for upheaval but eventually society will reestablish and you'll have a head start

>>26196188
What use will gold have then?

>>26196188
What I'm saying is, Gold is a retarded hedge for global apocalypse

>>26195113
What should I do to prepare for this fucking nightmare?

>>26194097
QUICK EVERYONE, RETREAT INTO THE STRONG US DOLLAR!

every new variant "might" be vaccine resistant ..

>democrats fucked up the country to get rid of orange man
>destroyed california's economy
>killed more minorities than orange retard ever could have or would have done
>ensured white liberals won't have kids

Wtf I love democrats now?

>>26194097
its not going to crash cause of the coof itll crash because the market is propped up on covered options

>>26194683
>nasdaq's

Nasdaq is a listing of multiple companies, it would make more sense to somehow add all the different crypto currencies listed on coinbase together to get an exchange total. Compare instead BTC's return since march (3.8k to 37k) vs. something like TSLA (300 dollars to 3500 dollars before the stock split) and you can see that memestocks have massively outperformed boomercrypto in 2020.

>>26194434
>Do the needful
Do the needful, sir
Please be respectful

>>26196945
>10x on bitch

Stock faggots are the reddit faggots of /biz/.

>>26195207
The whole lockdown stuff gives the virus more chances to mutate as there are more generation of infections instead of one infecting many they chain up, one infects another infects another and so on

BROS WE SHOULD ALL FOCUS ON WHAT TO DO WHEN SHIT HITS THE FAN

THIS IS FUCKING IT

THIS IS THE HABBENING

IM NOT GONNA LIE, AM SCARED AS FUCK

WHOLE WORLD HAS GONE INSANE!

>>26194097
Government will print Trillions. Crpyto will go up even more. Thats what happened last time. The crash that lasted a few weeks kicked off this bullrun.

I will not sell ever. Makes no sense.

>>26197752
This. Money printer go brrrr. Not pegged to gold worthless anyway. Oil will be killed by electric cars, money backed my electricity ad infinitum. Infinite golden bullrun

>>26195679
You may be right or wrong but it is irrelevant to the point I'm making which is that crypto is not a hedge against market crashes (and neither is gold).

>>26194341
heh brrrrrrr brrrrrrrrr

>>26196945
I made bank with TSLA too. Doesn't change a thing I said. It is with Nasdaq you should compare BTC, since BTC is store of value (plus speculation on the unrealized higher market cap of a digital SoV), see:
>>26195142 and >>26195383

>>26198106
And the reason, to be clear, is that just like gold and bitcoin, a nasdaq or S&P ETF is the "brain dead/fool proof", safe investment for someone who doesn't know which stocks (or coins) to pick.

shine shine rock go ooooooooooo

>>26197564
fucking infinite money bro, shit going to get real weird

thats right, I saids it, biz flipped value on its head. screen it boyz

>>26198267
what are the consequences of this shit? no larp pls, lets have a real talk... this is utterly insane

>>26198803
a return to normalcy and that some of you will not be making it

>>26194097
Priced in

Nobody believes in the vaccine

This will actually be the catalyst to stop listening to the elite all together

>>26194294
Quiet, fucking white nerd.

>>26194097
>Not holding XRP, and thus not about to become the Standard & Rich
NGMI

>>26199097
turns out they needed us more than we needed them.

>>26199208

Fuck that jewish scam

>>26194793
this is the reason for everything we're going through now
>Catherine Austin Fitts (born 24 December 1950) is an American investment banker and former public official who served as managing director of Dillon, Read & Co. and as United States Assistant Secretary of Housing and Urban Development for Housing during the Presidency of George H.W. Bush. She has widely written and commented on the subject of public spending and has alleged several large scale instances of government fraud.
https://www.bitchute.com/video/OfUvXQAxGnsy/

>>26194871
>being this bluepilled

>>26194946
What the...