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/biz/ - Business & Finance


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4848076 No.4848076 [Reply] [Original]

What is Bitcoin backed by?
The collapse of FIAT
Let that sink in

>> No.4848134

The elite has begun to attack tether in order to invalidate Bitcoin and spread fud

>> No.4848171

Old people in my country that were supposed to get their pension are not getting them
I'm slowly starting to see more and more of that
I'm betting that it's not only in my country that this is happening

>> No.4848174

>>4848134
which is really bizarre and completely hypocritical, yet typical

>> No.4848231
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4848231

>>4848171
It's not yet as dramatic here but the pension system is fucking retarded. Instead of having everyone save up for their own pension they thought it would be a good idea to have the current young people pay for the current old people. What could possibly go wrong there?

>> No.4848301
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4848301

>>4848171
>at least tell us what that shithole you're living in is called

>>4848076
bitcoin itself is a fiat

>> No.4848348
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4848348

>>4848301
no.....it's not lol

>> No.4848376
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4848376

>>4848301
>bitcoin itself is a fiat

Just pretending to be retarded or

>> No.4848402
File: 136 KB, 1080x1216, Screenshot_20171121-111546.jpg [View same] [iqdb] [saucenao] [google]
4848402

>>4848076
The fact it's a digital thumbprint, there will only ever be 21 million, if that.
It's the 1st, the King & the internet is only 30/20 years old.
This is like Original Star Wars Darth Vaders in the packet from 1979.
BUY!!!

>> No.4848428

>>4848134
No, tether has attacked crypto in order to steal from the crypto market.
>>4847340

>> No.4848473
File: 39 KB, 820x83, Screen Shot 2017-12-07 at 15.00.48.png [View same] [iqdb] [saucenao] [google]
4848473

>>4848348
for fuck's sake you fucking moron, think for once in your life for yourself. the one really defining property of fiat isn't that it's enforced by the government, but that it has no intrinsic value.
whether it's acceptance is enforced by force or voluntary doesn't make much difference from a pragmatic perspective.
kill yourself. also your family. your genes are shit and produce stupidity.

>> No.4848512

>>4848473
The intrinsic value of Bitcoin is FREEDOM
WHY ISN'T ANYBODY GETTING THAT

>> No.4848521
File: 43 KB, 630x378, bitcoin price.jpg [View same] [iqdb] [saucenao] [google]
4848521

>when you realize fiat is the bubble

>> No.4848537

>>4848473

What the fuck are you arguing with your own picture you fucking idiot

>> No.4848570

>>4848512
because it's a snowflake opinion

>>4848537
get a rope

>> No.4848645

>>4848570
Either you're central bank funded or you bought the fud
Sad either way, what are you doing in biz if you don't believe in it? FUCKING LOL

>> No.4848827

>>4848076
bollocks heard this in 2008 also with silver

>> No.4848877

>>4848827
Just the first signs popping up

>> No.4848942

>>4848645
why would I be a central bank shill when I'm adversarial towards fiat currencies in general? Actually I like bitcoin a lot - and find your statement of it being backed by fear of collapse quite witty / smart. There's certainly some truth to it. But we also have to look at things as they really are, and in those terms there's little difference between fiat and crypto.

>> No.4848943
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4848943

>>4848473
>jonathanflower is me

I teach people how to day trade in these markets

they pay me, and I send them a lot of math, explain it, and explain how it's successful 99.99% of the time (can't be perfect)

the thing is with stupid people, like yourself, is that they're so fucking stupid they can't ever understand just how stupid they really are

you don't know what you're talking about

I recommend though that you continue living (since you recommend that I kill myself), because I know that in just a few years, your life is going to be so fucking terrible

I can't wait for you to experience such misery

>> No.4849005

>>4848570
shill

>> No.4849139

>>4848512
>intrinsic value
lel

>> No.4849172

>>4849139
wage cuck shilling for a collapsing elite, pathetic :)

>> No.4849180

>>4848943
>being so full of yourself because you teach people astrology
>believing in success-rate > 99%

all I can say, you said already:
>the thing is with stupid people, like yourself, is that they're so fucking stupid they can't ever understand just how stupid they really are

>> No.4849184

Fiat is not collapsing or else gold wouldn't have been declining.

>> No.4849211

>>4848943
doxing yourself on 4chan.. and calling others stupid. aye, mate.

>> No.4849272

>>4849172
If you zoom out, the price of Gold is trending up

>> No.4849278

>>4849180
>believing in success-rate > 99%
99.99%*

>>4849211
jonathanflower#5056 if you or anyone else is interested

>> No.4849325
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4849325

>>4849278

being "so smart" but still having to work. pathetic.

why didn't you buy LTC at $.90

>> No.4849371
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4849371

>>4849184
gold prices are most likely manipulated.

https://www.bloomberg.com/view/articles/2014-05-23/barclays-manipulated-gold-as-soon-as-it-stopped-manipulating-libor

https://www.bloomberg.com/news/articles/2014-02-28/gold-fix-study-shows-signs-of-decade-of-bank-manipulation

>> No.4849390
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4849390

>>4848943
I spoke to an Actuary/Stockbroker, been to University forever, the other day. Mate of a mate. He said it's a bubble & gonna crash hard soon. I'm an autistic faggot on the friend sim & just nodded & silently disagreed.
That was 10k
Today 15k

>> No.4849515

>>4849390

Rich uncle, stock broker since the 1980s. Blow away and butt hurt I didn't heed his advice and sell everything at 5K this year, or sell my LTC at the first $75 (bought a wheelbarrow full at ~$1).

These grandad investors along with >>4849371 are clueless faggots just hating on those os us who live on fake internet point NEET bucks the rest of our lives.

>> No.4849565

>>4849278
>99.99%*
I don't know what's worse. You or people buying into your shit. Please tell me you're larping.

>> No.4849596

>>4849325
remember Limitless?

“Armed with Vern’s last $800, I made $2,000 in a day. Next day, $7,500. It was too slow. I’d need more capital. But banks weren’t lending to guys like me.”

>I'd need more capital

>> No.4849603
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4849603

>Bitcoin is a bubble
>the dollar is a bubble
>credit is a bubble
>housing is (another) bubble
>national debt is a bubble
it's all coming down

>> No.4849634
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4849634

>>4849565
nope

>> No.4849853

>>4848521
Holy shit I knew it was bad but I didn't know it was THAT bad.

And here in Canada we are soon doubling minimum wage and as a result prices are getting a 50% increase across the board right off the bat.

Good luck to millionaires/billionaires who mostly hold fiat in the next decade or so.

>> No.4849914

>>4849603
Not at all. Most of what you listed is purely a US and EU problem.

>> No.4849924

>>4849515
learn some humility, dude. I hope you can see 'delusion' written all over you, because frankly I am tired seeing that bubble psychology chart posted in every second thread on /biz/

>> No.4849933

>>4848134
tether is you literally letting a jewish company invent free funbucks that they can spend and invest with willy nilly with no repercussions if they lose them.

Yall really fucked up by letting that be a thing.

>> No.4849957

>>4849853
Stocks do alright during periods of massive inflation because companies adapt quickly. Their real value erodes because economic activity starts to get screwy, sure, but check out something like the Caracas stock index (vs. bonds or the Bolivar or whatever).

>> No.4849971
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4849971

>>4848473
>the one really defining property of fiat isn't that it's enforced by the government, but that it has no intrinsic value.

Literally mistaken.

>> No.4850103

>>4849596
amazing movie btw. best comment I've read on Limitless:
"You know for years I've been searching for a way to replicate NZT, ever since I first saw the movie. In the past few days I've come to realize, sure, you can take some mixture of drugs that resemble it very closely. But at the end of the day, Limitless is a mindset."

>> No.4850315
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4850315

>>4848171
>Old people in my country that were supposed to get their pension are not getting them
Just like when everyone tries to cash out, the exchanges all go down for "maintenance."

>> No.4850397

>>4849971
please tell me you're trying to argue semantics.

>> No.4850464
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4850464

>>4850397

>> No.4850467

>>4848521
That's the monetary mass. The USD has been the global currency for almost a century, wtf did you expect ?