/biz/ - Business & Finance

if things cost more money you need more money to buy them

>>49319918
>I need to pay 8% more?
>better sell 90% of my crypto holdings!

>>49319918
Ain’t u poorfags ran out of crypto by now?

>>49319940
the average crypto investor cant afford an 8% increase in their cost of living without needing to access all their savings or gambling funds. and inflation is far higher than 8% when you count food and gas and rent.

>>49320003
What about stock holders?

Do crypto niggers understand that inflation is also eating away how much crypto is worth?

This place is full of dumb people, holly shit, crypto is only immune to inflation if used as a currency. No crypto is used as a currency anywhere in the world (you need a whole special spectrum of retardation if you believe that people are buying toilet paper in El Salvador, paying 50 dollars for transaction fee and waiting 6 hours to compensate to wipe their ass holes). If you paid 60k for crypto 2 years ago, you are not down 50%. You are down 60% BECAUSE INFLATION. You are using dollars you dumb fuck.

This place is filled with economical illiterate, holly shit.

>>49320161
calm down and read the OP again

>>49320161
>No crypto is used as a currency anywhere in the world
Ahm
And its also the best store o value

>>49319874
Incoming ubi, because most lemmings are too weak to demand raises or swap jobs d/t intentionally bad public School d/t communist long march thru institutions.

And retarded capitalists to stupid to see the reds are doing this on purpose to prove to the masses that you have no foresight and will always wait until you're forced to let pay catch up to inflation.

You pay in either case the only difference is one your paying ubi to retards you have to pay more than that to attract any workers at all.
So you will be subsidizing ubi and also competing against it.

Rug the commies or you will regret it. If the workers have nothing to complain about reds can't force ubi.

>>49320196
OP is butt hurt because he don't know how to cut losses.
His chimp brain told him to HOLD because he saw a meme, and believed that what happen during the pandemic crypto boom will keep happening over and over again.
But as people slowly take away their funds from crypto in an attempt to mitigate their loses, he refuse to acknowledge that his meme tech will be worthless. And instead of blaming himself for being a poor investor, blame others.

>>49320281
No, OP is simply pointing out that it's retarded to sell everything you have for fiat when you hear that fiat is devaluing.

>>49320301
YOU DUMB FUCK
Bitcoin is priced on fiat. You buy and sell it for dollars. The difference is that you can use "fake fiat money" to buy something that will hold it's value during the inflation. What can you buy with bitcoin? CP at best.

>>49320161
Bitcoin is not inflationary you dumb shit. The inflation of currencies doesn't directly affect what you compare to them. The fall in value of btc and such are due to the popping of a speculative bubble when nearly free debt got a little more expensive.

>>49320363
>Bitcoin is priced on fiat. You buy and sell it for dollars
Yes.
So when fiat goes down in value, the last thing you should do is "buy" fiat.

>>49320363
>buying cp with bitcoin
lmao I hope people actually do this. Easiest bust ever.
But really, you can buy a ton of shit with cryoto directly these days, and sometime doing so comes with a discount because it cuts a lot of middlemen out.

>>49320375
>Bitcoin is not inflationary
Yes it is because you buy and sell using dollars.
>pay 30k USD for it today
>next month sell for 30k USD, but inflation was 2%, so you lose 600 bucks

>>49320414
That's like saying gold is inflationary because it's bought and sold in dollars. you're fucking retarded anon

>>49320426
But it is.
If gold is not used as a currency, and instead as a commodity, it will be subjected to inflation.

Please, print this page and ask your parents to go to the gov, show it, and ask a total refund on all the taxes wasted on education, BECAUSE YOU LEARN SHIT.

>>49320503
Least smart /biz/ poster, literally doesn't understand how inflation works.

>>49320414
>Bitcoin is inflationary because you buy and sell using dollars

You have no idea what inflation is lmao

>>49320281
>>49320363
>>49320414
>>49320503
>ignores that monero is used and not inflationary therefore a superior story of value
>>49320226

>>49320051
>What about stock holders?
Stock holders get fucked in the short term (see S&P 500) and get rewarded after they survived that. I.e. after wages increased stocks and dividends will also increase.

>>49320610
So did stocks also crash because people needed more money for groceries?

>>49320551
>You have no idea what inflation is lmao
From the fucking dict.
Inflation is a decrease in the purchasing power of money, reflected in a general increase in the prices of goods and services in an economy.

What exactly you think inflation is?

>>49320414
That's not how it works. The valuation of btc is irrespective of the valuation of dollars. You do lose money in that situation but it's not because of inflation, it's because btc is actually valued lower when you sold, but USD is valued less too, so the number is the same the USD lost value due to inflation, but btc is deflationary so that's not where its value was lost. Btc loses value to speculative price discovery alone.
You now have 4 anons trying to explain this shit to you. You are wrong. Read a book, nigger.

>>49320610
>>49320656
>still ignores >>49320226

>>49320656
Yes anon, and as each dollar decreases in value, how do you think this impacts the price of things against the dollar? You can do it anon, get that single brain cell to work.

>>49320663
>The valuation of btc is irrespective of the valuation of dollars.
All exchanges disagree.
>>49320607
Let's say you want to buy a car.
The car you want cost 50k.
But due inflation, the price was elevated to 75k. Can you buy the same car for 50k worth in Monero?

>>49320414
Also this is not true aswell, most of the world is not trading with dollars

>>49320656
Ya, except literally nobody prices goods and services in BTC, that's what fiat is for.

>>49320745
>most of the world is not trading with dollars
Yes it is. At less for now.
>>49320713
>how do you think this impacts the price of things against the dollar?
The prices increase.
Has bitcoin value increased in the last year?

>>49320741
>Let's say you want to buy a car.
>The car you want cost 50k.
>But due inflation, the price was elevated to 75k. Can you buy the same car for 50k worth in Monero?
Yes, monero is a used currency with close to 0 real inflation. So when goods get more expensive its curbs up of the demand of XMR making XMR inflation resistent.
Then factor in the rising adoption and you can see XMR will go up in this environment

>>49320798
>Has bitcoin value increased in the last year?
lel by your logic every single time BTC dumps, it's "inflation".

>>49320798
lmao, 90iq

>>49320741
>All exchanges disagree.
???
What a non sequitur, and not even true. Exchanges pair coins against each other and against a variety of currencies.

>>49320805
Let me ask you something.
How much meth did you buy using Monero this week? Have you smoked it all by now?

>>49320798
BTC/fiat i mean
Its not done throught the dollar its from local currency to btc.
And if its done with the dollar aka euro dollar bitcoin
then its just like uniswap roootes you a weird way and does not impact the dollar and is influenced by the dolla r

>>49320845
Can you stay on topic, retard. You cannot refute my argument it seems

>>49320798
BTC/fiat i mean
Its not done throught the dollar its from local currency to btc.
And if its done with the dollar aka euro dollar bitcoin
then its just like uniswap rootes you a weird way and does not impact the dollar and is influenced by the dolla r

>>49319874
Sell crypto, buy rubles

>>49320844
Last time i checked, (right now) they still show the value in dollars.

>>49320798
I get it he's trolling. Lol. Lmao even.

>>49320939
as a contemporary convention yes, like they could value it in potentially anything

>>49320954
Why you keep changing your ID to pretend to be a crowd of people? Do they teach you this in the Indian scamming course?

>>49320939
>Someone somewhere in the world is displaying valuations in USD, therefore the underlying asset is inflationary.
You have a completely wrong understanding of what inflation is. Oh my god.

>>49320954
I hope it's retard trolling, but it's not very funny. More like sad or concerning.

>>49321003
Oh here come the samefag accusations.

>>49321001
It blows my mind that "stable coins" are using other coins as reserves.
Take a look at Theter. They claim that half their reserves are from treasury notes, but refuse to tell from what country and their crypto assets that back peoples's money can very well be a folder of dick pics NFT.
There is no value in this shit, for fucking sake.

>>49320845
>>49320939
>>49321003
>>49321076
Yes, monero is a used currency with close to 0 real inflation. So when goods get more expensive its curbs up of the demand of XMR making XMR inflation resistent.
Then factor in the rising adoption and you can see XMR will go up in this environment

>>49321085
>Then factor in the rising adoption and you can see XMR will go up in this environment
Unless the big brother decide that a coin designed for "privacy" is not very tax friendly. But what ever, I will not change you mind. Monero is not the first crypto with the same "anti inflation" protection you are describing, and will not be the last.

>>49320226

>>49321076
there is no value in crypto because of tether ?
you can't even make a coherent argument

>>49320639
>So did stocks also crash because people needed more money for groceries?
Oversimplification. It is not only groceries but a general increase in cost of living. The cost of raw materials also increased and the companies have not fully transfered those costs on their consumers. Another point are the fed rate hikes, which also increase the rates companies have to pay on bonds.

Rate hikes on government bonds in their own currency (which are save, because they can print as much as they want) basically set the floor for yield and every other investment has to adapt to that. If you accepted a 2% yield from an emerging country, you will now want more than that after the US or europe went to 2%. In that way riskier countries also have to increase their yields.

>>49321158
At least you did admit you were wrong here
>>49320161
>No crypto is used as a currency anywhere in the world
A good start

>>49321158
>Monero is not the first crypto with the same "anti inflation" protection you are describing, and will not be the last.
you dont even know what the fuck you are talking about

>>49321037
I think it's kind of funny but I can understand why most people don't think annoying people with ridiculous arguments is a good time. I'm weird that way. Wait what if I'm him samefagging. That would be trippy.

>>49321163
I give you an example of how stupid is to "based the value of crypto in other cryptos". Even if your crypto is not a rug pull, what guarantee that the crypto used as reserve is not?

>>49321211
>It is not only groceries but a general increase in cost of living.
ok, so stocks crashed because people cashed out to pay 10% more for things?

>>49321242
>based the value of crypto in other cryptos
it's a crypto based on shitty fiat money, what the fuck are you talking about again ?
you are acting like crypto is some kind of monolith uniform thing

>>49321285
lol, it's a fear trade pricing in all the fud, stop being a midwit watch & learn the meltup mid term

>>49321352
>agrees with me
>calls me a midwit

interesting play

>>49319874
first people have to be retarded, so the non-retarded can profit off them

>>49320051
Stock holders are generally more financially conservative. I've been scaling out of risk since end of December.

>>49321693
>Stock holders are generally more financially conservative.
Hence the market meltdown lmao

>>49321693
>muh conservative
you mean weak handed ?
look how they will all fomo pretty soon, how "conservative"

>>49320414
Anon, you might be a retard.

>>49321285
>ok, so stocks crashed because people cashed out to pay 10% more for things?
Please stop oversimplifying things.

This is what you ignored:
>The cost of raw materials also increased and the companies have not fully transfered those costs on their consumers. Another point are the fed rate hikes, which also increase the rates companies have to pay on bonds.

>Rate hikes on government bonds in their own currency (which are save, because they can print as much as they want) basically set the floor for yield and every other investment has to adapt to that. If you accepted a 2% yield from an emerging country, you will now want more than that after the US or europe went to 2%. In that way riskier countries also have to increase their yields.

>>49321242
>what guarantee that the crypto used as reserve is not
Nothing in the world is a guaranteed reserve of value. Value is all about supply and demand, which is an adversarial game.

>>49320161
So you're saying we're early?

>>49320161
>No crypto is used as a currency anywhere in the world
Just the darknet...

>>49320226
hmm, upgrades

>>49320161
Litecoin proves you wrong.

>>49320161
sir bitcoin cannot inflate

>>49320003
>>49321211
>>49322556
You have the delusion the world is a "grown up". When people panicked that supposedly oil will go to 999999 and the prices raised before any real shortage happened, you think that was logical economics?

my jeans don't fit just right
too much beer and fried chicken

>>49324173
>You have the delusion the world is a "grown up". When people panicked that supposedly oil will go to 999999 and the prices raised before any real shortage happened, you think that was logical economics?
How does that relate to anything I wrote?

>>49324389
You have the delusion cost of living and the casino called exchange markets are directly correlated.

>>49324577
>You have the delusion cost of living and the casino called exchange markets are directly correlated.
Why are you so fucking retarded?
Why are you ignoring what I wrote?


The cost of raw materials has increased. That means you either make less money or you have to make your stuff more expensive.

The second point is that rate hikes increase the cost of your debt and the cost of getting new capital. What can you not understand about this?

How. The. Fuck. Is. That. Bullish?

>>49324720
you have the delusion the cost of raw materials and the casino called exchange markets are directly corelated.

Bitcoin has no use other than allowing people to cosplay as pump and dump VC firms.
Anyone "in it for the tech or the FREEDOM" is a smoothbrain retard objectively and deserving of getting shat on. SIMPLE AS

>>49324838
>you have the delusion the cost of raw materials and the casino called exchange markets are directly corelated.
Ok you are an absolute retard. Cost of debt and ease of acquiring capital is not hard to understand.

>>49319874
>oh shit, the value of the dollar is collapsing, quick let me sell all of my assets for dollars!
really tho, how does this make sense?

>>49325165
I've been wondering this for a while, this seems to be a common pattern throughout history.

>>49325165
>really tho, how does this make sense?
>>49325270
>I've been wondering this for a while, this seems to be a common pattern throughout history.

It is only a short term effect. Debt still has to be paid. And don't forget that the dollar has been appreciating against shitier currencies. The whole inflation spiral really starts when wages are starting to increase.

>>49319874
Investor
>inflation increasing
>less fools in the market
>treasury yields beat growth stock and risk assets
>time to liquidate the shit in the porfolio
>dumps all crypto
poorfag
>base cost of living increases by 30% a month
>have to sell assets
>crypto is dumped to pay for bread

>>49325270
>>49325165
Media mass fear mongering really did a very good job this time.

Yeah it's bearish for risk-on assets but from here to call for a serious crash (Nasdaq and especially Crypto already crashed way too hard) let alone the great reset is absurd. Unpopular opinion but the moment inflation start decreasing even 0.01% the market will melt up so fucking fast bear will neck themselves in the process

>>49325165
>really tho, how does this make sense?
If you were actually interested you would already know the answer. But you prefer to read copium about whatever contrarian memes you are bagholding.

People need real money to buy real things in these times. Crypto doesn't qualify.

>>49326157
>the moment inflation start decreasing even 0.01%
Inflation has already decreased more than this. Guess you need some new cope, friend.

>>49319940
Shitcoins are going to zero anyway. Better spend them while they still are worth something.

>>49325165
The only rational explanation is buying the dip

>>49327013
I've been buying at the bottom last week. Manage to buy matic, avax, solana and enj. I always prefer solid projects. Now, am kinda waiting on Kolnet to release their 3rd IDO on gamestarter. They're giving life to the micro-KOLs who can invest project's pre-sale tokens in return of marking services.

>>49320375
>Bitcoin is not inflationary
Lmao you tards still exist?

>>49326293
It didn't, Last report was 0.2% higher than previous month

>>49326292
Crypto is always convertible to cash. If you can't risk on crypto, then you don't deserve the 100x gains in your assets which i'm expecting this to happen on EQ which is launching on republic. Cross-chain is the future.

>>49320610
I have bad news for you:
>Wage growth is peaking and one of the problems is that employees have too much power
https://www.bloomberg.com/news/articles/2022-05-27/us-wage-increases-show-signs-of-peaking-in-welcome-sign-for-fed

>>49319874
No time to buy solid gems. Don't listen to them

>>49330151
Except those shitty play to earn. I regret buying axie at $80

>>49330436
You simply are stuck with the past. Forget and move on and switch to other crypto gaming. Honeyland might give you fortune as you can always earn in many ways where you can get honey and is convertible on their gamefi dex which is the hiveswap. Launching soon.

>>49328677
Bitcoin is definitely not inflationary. The halving cycles alone make that a fact.

>>49331288
Hottt

>>49319874
now is actually a good time to bag good low caps like AXL and high caps like ETH don't be a retard prick.

>>49319874
EXPLAIN LIKE IM A RETARDED 4 YEAR OLD HOW “QT”(QUANTITIVE TIGHTENING) WILL EASE INFLATION, WILL IT LIWER THE COST OF GOODS AND I CREASE MY WAGES PLEASE RESPOND

>>49320363
not if you price it on ETH, or pound sterling, or yen, or....

>>49320161
>holly shit
>twice

>>49320003
I pay $30/week to eat healthy. lmao at people who can’t manage their money, investing their money

>>49319874
Is that a real Applebee's commercial?

>>49319874
Cold beer on a Friday night

>>49333117
it aired 2 weeks ago