/biz/ - Business & Finance

>>28420995
stimulus
banks
fiat undeniably worthless

>>28420995
oh no my folio gonna crash 30% after growing 300% what i'm gonna doooo

There's no reason to crash at least until the end of the year. Vaccines, work comebacks and gibs will keep everything up. Also jews doesnt want to fuck Biden first year.

Next year the problems will start.

>>28421212
>fiat undeniably worthless
yeah I buy my groceries with doge and my employer pays me in rubic lmao

>>28420995
i remember when elon musk bought 1.5 billion dollars in bitcoin and michael saylor shilled bitcoin to 7000 companies in 2017. shit was a bloodbath. also did i mention trillions being printed. this time is unironically different than any other time in bitcoins history

>>28421350
Hey Elon and Michael Saylor did that this year too! not to mention the money printing...

how is this year any different?

>>28421212
fpbp

>>28421350
I swear to God everyone said this last time

>>28420995
my prediction is a crash just after stimulus goes out
big pump from retards with $1400 trying to copy Gamestop situation, then a week or two later it crashes

>>28420995
fiat printers going brrrrrr

even if I knew the crash was coming, wtf are we supposed to do - exchange bitcoin the hardest known money in the universe for pieces of paper? Come on guy, use your brain - read a book.

>>28420995
>could be a really nice flower
>could be the monetary exchange network and financial infrastructure of the world
Totally the same

>>28421546
The difference is most of that printed money is being saved. It's almost like it doesn't exist at all. We still need to get some inflation and some growing basic interest BEFORE any crash.

The economy was "normal" in 2017 so the bubble exploded faster.

>>28420995
History doesn't repeat anon. Instead of looking at patterns to see what's similar between now and then you should look at what's different. At this point we actually are starting to see widespread adoption of crypto by businesses, you have infrastructure projects for developing dapps, defi is bigger than ever...I wouldn't be surprised if there's a correction but it's not going to be a 2017 style crash. Decentralization is the future and it looks like it's finally here.

>>28420995
because katy perry hasnt twitted about it

>>28420995
>2017 just before the crash
Yeah, I remember November 2017 when Microsoft and Boeing announced they were buying a billion dollars of Bitcoin to put on their balance sheets, and Diner's Club and American Express announced they were setting up payment methods for Bitcoin, and Italy and Botswana announced national Bitcoin mining programs to shore up their finances, and then weeks later everything crashed horribly.

>>28420995
Tulip bulbs crashed because people realized you can grow more tulip bulbs.
Stock Market crashed in the 1920s because people realized you can make more stocks.
Housing bubble collapsed because people made more houses.
Dot com bubble crashed because people made more web companies.
You can not make more than 21 million bitcoin, it will be scarce to the end of time.

>>28421672
Why isn't she smiling? Didn't quite reach orgasm?

>>28421350
Saylor was against bitcoin in 2017.
Elon didnt even talk about it.

>>28421806
>>could be the monetary exchange network and financial infrastructure of the world
Not unless they find a way to allow transactions to happen far more quickly than they do right now.

>>28422387
Her dad just finished molesting her and the stuffed animal bunny had to watch.

>>28422347
>Tulip bulbs crashed because people realized you can grow more tulip bulbs.
Umm, no, the "tulip bubble" never really happened. What did happen was government interference in contracts to change the structure for the benefit of one side, which caused a financial reshuffling. And then the Christian wackos started making up all sorts of nonsense stories about people killing themselves over losing fortunes to promote the idea of "good Christian poverty".

>Stock Market crashed in the 1920s because people realized you can make more stocks.
No, it was just financial fuckups by the government.

>Housing bubble collapsed because people made more houses.
No, the bubble was caused by financial fuckups on the parts of both Wall Street and the government.

>Dot com bubble crashed because people made more web companies.
No, that was a purely speculative bubble based on a major new technology and the inability of people to figure out how to value companies that weren't actually making profits but which seemed to be growing insanely fast.

>You can not make more than 21 million bitcoin, it will be scarce to the end of time.
Well, not really, I figure humanity will move on to something else at least by the time that the Sun expands into its red giant phase.

>>28422526
exactly

Nooooooo
I just joined six-figure hell
I WAS GONNA MAKE IT

>>28420995
It will, but it stills has plenty of room to grow before the crash IMO.

>>28422347
>Tulip bulbs crashed because people realized you can grow more tulip bulbs.
Tulips crashed more because of a limited overall demand for them, that was inflated with people figuring 'i can get in now and then sell it tomorrow' creating the bulk of demand, as opposed to people who actually wanted tulips because they liked them.

>>28421299
30% of 300% is 100% of original investment, you will be salty ASF

>>28421683
Last time it was only a temporary dip because of Chinese New Year. The thing you're forgetting about the bitcoin cycle is the part where it adds another zero to the previous ath. When we get close to 190,000, I'll say we're getting close.

>>28421306
>Also jews doesnt want to fuck Biden first year.
Wouldn't they? It's still early enough to blame orange Hitler and Biden/kamala has plenty of time to be the hero of the recovery if they want to spin it that way.

>>28421546
He was being sarcastic, anon. That didn't happen back then.

>>28422347
You can make more crypto ...

>>28422657
The other anon clealy implied that he is aware of that, doofus.

>>28420995
i'd hate to be the guy, but this time it's different.
doesn't mean you should let your guard down and go all in on the market. ride the wave but keep 1 foot out the door in case the music stops

>>28423278
Oh for some reason I read it like he thought the bunny was the one that fucked her or something. Oops.

>>28422347
> You can not make more than 21 million bitcoin, it will be scarce to the end of time.
What are alt-coins then?

>>28422347
>Ctrl+C, Ctrl+V

>>28420995

>>28420995
>>Portfolios at an ATH
i'm down 1.2k this year alone

>>28421850
Quite a good point and a nice theory - this time around, we're a bubble within a bigger bubble, and both growing. So the outside pressure on our bubble is less than it was ever before, so less risk of imploding.
However, if the outside bubble (the world economy) bursts, it would cascade down to our bubble, of course. But if and when that happens is anyone's guess. People are calling it for many years now, and it just goes on and on and on ...

The sentiment is literally fear right now. Everybody is scared to bits hovering over the sell button, expecting everything to crash any second. If you think the sentiment is like it was in Jan2018 you haven't been there in 2018

>>28422815
occam's razor anon. A simple explanation that explains every bubble and why bitcoin has never collapsed. It is superior to a different contrived explanation for every case.

>>28422929
There's also a "limited demand" for gold, yet people invested all their wealth in gold for thousands of years. You can even see this in video games where there is a limited supply of an item. Like runescape's party hats that increase in price every year.

>>28423216
>>28423430
we are obviously in an altcoin bubble. But 90% of bitcoins that have will ever be made, already have been. Bitcoin will survive the altcoin collapse

>>28420995
If it crashes down just fucking hold for a few years. There should come a point where you won't even despise the opportunity cost you'll be paying.

>>28420995
I don't remember tulips having a steady market cycle where they pump up, crash, and then a few years later pump up to many factors higher than the previous cycle, then crash again, then pump even even higher than the last cycle, and so on

>>28420995
This bull run will last all the way into fall. Just keep your eye on papa BTC. That dictates pretty much everything

>>28420995
>Convince me why this isn't all about to fucking crash back down to earth?
There was like months of crazy shit like today in 2017. Look at google trends, bitcoin isn't at ATH and institutions are diving in now too. And money is becoming more and more worthless, also BTC has only 2xed since then. Alts might crash temporarily but waiting 3 years just for a 2x in ath?

>>28423335
Please explain to a retard who just bought the top of GRT

>>28423454
>yeah let me just copy and paste the decade of successful txs recorded on the bitcoin ledger. don't worry goy I copy and pasted so it's just like the real thing

we still have a month at least

>>28423777
worked for LTC kek

>>28423743
I agree. Most likely it will crash mid december, as that's where the top has been the last two cycles as well. Probably triggered by changing tax laws for the next year, people wanting to lock in capital gains, and so on.

>>28423759
>top of GRT
This isn't the top. Also GRT is a long term hodl, although you can't really stake it before 5k (gas fees make it not worth it)

>>28421701
When does stimulus go out?

>>28424028
Based GRT shill. I hope you are right, I’m got a retard stack I can’t stake cause I’m poor as shit

>>28423731
here's your tulips bro

>>28420995
i hope it fucking crashes because it's going to hit 6 figures in the next 5 years and it might hit 10 figures in 20 years. I want it to crash to 4,000 so i can back up the truck

>>28423895
>21M vs 84M

>>28420995
Bitcoin needs to fucking go already. Or at least some heavy restrictions on mining are in due, this shit is inflating the GPU market to an impossible level. Fuck crypto leeches.

>>28424250
I can't wait until we reach the point where the 2017 peak looks like how the 2013 peak does now

>>28421212
Fbpb

Fiat is still useful for spending purposes but for holding wealth it no longer makes sense.

>>28420995
Youre a moron, that went on for months and months. This is the initial pump. Look at January 2017.

>>28424108
IMO, it won't matter THAT much. Once people know the checks are coming, they will start spending that money. Those who have absolutely no dollar to spare will probably not risk it for funny internet money. And those who have something saved can now already invest the money they have in the mail for sure. Some might play it safe and wait until they actually have it in hand, but it's a debt society, so most will probably have no problem to spend money they not yet actually have.

>>28420995
The fuck do you care if it does. I hope it crashes because I want to buy a whole lot more. The fundamental value of shit like BTC and ETH is undeniable.

>>28420995
Institutional Investment

>>28424263
Can't wait for the power shortages to affect places like NY once BTC reaches the three figures.

>>28421212
the real redpill is that fiat is now the bubble.

>>28420995
>rappers talking about money
How is this new?

>>28424347
That's just plain wrong. Bitcoin doesn't even use GPUs for serious mining anymore. They've moved on to ASICs from 2018 onward. The actual reason for GPUs having ridiculous prices is just because of supply issues stemming from coronavirus meme lockdowns, as well as tariffs for GPUs kicking into effect in 2021 (they used to have exceptions from tariff laws, but those exceptions expired).

That said, thank fucking god I upgraded to a 5700xt back in 2019. The same GPU now costs at least 1200, a 3x price hike despite now being a 1.5yr old card. topkek

>>28424250
>i'm gonna make 2018 look like a fucking joke

>>28423430
Not bitcoin?

>>28420995
>Convince me why this isn't all about to fucking crash back down to earth?
fiat currencies flying off the wall.

>>28424343
>unsigned int supply = 84000000
done

>>28424747
learn to use a logarithmic chart. $20k was 20x the previous high of $1k. current we are at not even 2.5x the previous high

>>28420995
>Convince me why this isn't all about to fucking crash back down to earth?
It will but we might have a good year ahead of us

Would it be a safe strategy to have stop losses setup along the way to trade into USDT? Or is USDT too unsafe if it all crashes down? Asking because I don't know shit

>>28421212
fiat has been worthless for at least a couple decades, idk how much farther stimulus will get us. banks isn't even an answer lmao

>>28420995
I will only lose a few hundred dollars if it all crashes so I will be fine

>>28420995
then sell

>>28420995
We aren't even near delusion.
Buttcorn is barely double the last runs ATH and last run the entire board was awash in green wojacks and random shitcoins doing 100X or 1000X in the span of a day.
We aren't even close yet.

>>28422155
You joke but in 2017 a ton of merchants started taking btc and institutions were buying at the top. It's not dissimilar, only muh Elon and muh Microsoft make people basedface

>>28423116
Everyone's sick of hearing about muh drumpf. And its clear the dems are just kicking the can as they control all 3 branches of government yet won't deliver on stimulus or the wage increase.

>>28424698
Ethereum uses GPUs. It obviously needs restrictions.

>>28425994
the problem with stop losses is you might just sell the bottom of a dip and then it shoots up 50%

>Trading based on feel
Hey grandpa we have on chain data that literally tells us if the top is in or not
Sorry to rain on your bearnigger parade but the run is still going whether you pussy out or not
BTC is mainstream
Crypto is mainstream
Turbonormies are still scared to buy = top is very far out
Suck a dick bearfag
Can't wait for the drive-by "oh-oh b-b-but you're just a fucking moonboy" comments

>>28426389
yea that never happened

>>28426536
newfag

>>28426449
That's true! But could set them quite low and then adjust over time. But was more curious about wether or not USDT would be shit to have in a crash?

>>28420995
Not sure about alts but BTC is now a rich man’s game. They will never let that thing come back down for the normies to get their unwashed hands on

>>28421546
t. retard

>>28426583
you are the newfag and you failed to provide any example for your claim

mom and pop stores accepting btc to appear hip don't count

>>28426647
yes, USDT is not going anywhere

>Tulip
>legit just a planet
>Bitcoin
>can send it to anyone and everyone in the world
>zero government interactions
What did he mean by this? Also, when I play GTA V I love executing Boomers.

>>28426678
BTC is merely the anchor that will keep cryptocurrency in place. alts will come and go but the concept of crypto will stay in place thanks to BTC for at least a generation, maybe more and certainly if DeFi takes off for realsies

Comparing tulips to digital assets that last forever. Ngmi

>>28426389
>buying the top
they were shorting that shit to the ground

>>28423682
a lot of this. but also
>picrel

>>28426846
Thanks for the reassuring! Appreciate it anon!

>>28420995
3 MORE DAYS

>>28426930
>>zero government interactions
Zero what?
https://www.aljazeera.com/economy/2021/1/22/iran-crypto-miners-cry-foul-over-electricity-backlash

i broke into a cold sweat this morning when i saw BAT pumping

i just hope bitcoin isn't affected this time around

>>28421777
Checked

This is what I have been thinking, if everything is crashing why the fuck do I want dollars they are printing so fast monopoly money might have more intrinsic value.

Keep in mind this is with lockdowns, once they are over is when hyper inflation hits.

The catalyst for hyper inflation in weimar germany was the end of the war. They had been printing a metric fuckton and it didn’t effect the economy at first because everyone was essentially the same way we are, locked down and fearful of spending. Obviously us degenerates dont give a fuck but we are like maybe 1% of the population. Once the pandemic is over all the money people have been saving is going to flood society and hyper inflation will be inevitable.

>>28421311
>kiL Fed ID

Terry, is that you?

>>28422645
That's why he said could be, not will be.

>>28423682
Bitcoin can’t scale no smart contracts 51% attack centralized mining etc etc etc. altcoins will win

>>28421299
checked and he doesnt know
t. upstuck seethe

>>28427424
>i broke into a cold sweat this morning when i saw BAT pumping
This tbqh. Have been very uneasy

>>28421311
>I don’t understand how money works
Enjoy your hyperinflation once COVID ends and the extra 100% of printed fiat hits the markets

Don't sell your bitcoin even if you think the price is going to go down. Instead, buy puts on bitcoin stocks like MARA, RIOT, etc. then sell those puts for profit (assuming price goes down) and then use the profits to accumulate more bitcoin.

>>28428244
Checked. Same here. I sold out at 47,900. Even if it rockets to 50,000 it won't stay there long.

>>28423682
The pic rel strikes again. If gender and race realism aren’t the dominant ideology after the collapse there is no saving humanity

>>28427566
lol

>>28420995
Cope nocoiner

>>28422347
>Housing bubble collapsed because people made more houses.

>>28420995
the past does not indicate the future, the internet is 50 years old and has changed all of humanity

>>28428454
i legit think this is why this rally still has room to go (shitcoins aside)

bitcoin was made to work in an inflationary environment and for the first time in a long time we may actually see one when a giant wall of fiat suddenly reenters

>>28428520
RIP anon

>>28426583
>newfag

>>28421212
it's not worthless so long as your banker overlords say it isn't, you think cattle cash is going away?

>>28422995

100% gains brainlet

>>28420995
Don't make me post it again

>>28429691
This, until they're ready for the big rugpull they'll keep inflation at a nice comfortable 3%.
I don't know if it'll be as bad or worse than 2017 but it does feel like a rugpull is coming.
>be popular billionaire
>"An extra billion sure does sound comfy"
>see crypto as bullish market
>buy crypto
>not moving fast enough
>"Hey goys! cypto is bullish!"
>goys buy up crypto making my $1000000 into $100000000
>liquidate
>profit

so today it is announced so I can officialy speak about it but we've been messaged about it since long, long time and I am working in very different branch
https://www.coindesk.com/bny-mellon-announces-crypto-custody-and-spies-integrated-services
we're not working for your regular joe so when our individual clients start to buy crypto they will have more then 99.99% of /biz users
ofc, this is mainly for hedge funds that are using us as one of their PB
I highly suggest buying some more of anything

>>28428520
famous last words

>>28430184
Elon is currently under investigation. The momment he does this it will all be seized from him.

>>28430663
What if he says he forgot the keys to access his BTC?

>>28430663
Can't really get charged for shilling commodities that you own. They're not considered securities.

>>28428454
>Enjoy your hyperinflation once COVID ends and the extra 100% of printed fiat hits the markets
You think like you understand how money ACTUALLY works.

>>28426430
Get fucked nerd

>>28432100
fiat isn't money, it's only currency

it's starting to feel a lot like my cock is inside your mother's menopausal pussy!

>>28422347
Yeah, what about when people lose interest in bitcoin?

>>28420995
don't care, never selling. stay poor and seethe for the rest of your life.