/biz/ - Business & Finance

>>49632001
*slurp*

>>49632001
When all i am seeing is a good opportunity, you can stop buying, after all it's your money

>>49632001
He's not wrong. Cryptards are useless ponzi pawns.

>>49632113
The nigga needs to be checked, I just bought eth at $27, and some Rfox and Rose, going to make hell of monie in the bull season.

Now do the banking system

>>49632001
He's not wrong.

>>49632001
>>49632045
I am therefore I slurp

>>49632126
It's tragic. Our generation is so fucked that people are desperately clinging to things like crypto in hopes of making it. Not gonna lie, I used to be that way as well. I'm making a switch to SEO and affiliate marketing. Fuck this ponzi scheme bullshit. Fuck the stock market too.

>>49632001
>we're in an energy prices crisis and there's this useless ugly monkeys thing and, i don't really like it at all
t. probably joe biden, soon

prepare your anuses cryptoretards

>>49632001
>(((Weisenthal))))
Yeah goyim! You're only supposed to fall for (((OUR))) approved scams and ponzis or else everything is your fault! (it will be anyway)

Get fucked you ugly stinky yarmulke wearer

>YOU BOUGHT A BITCOIN???!? NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO THINK OF THE SEMICONDUCTORS BRO AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>>49632001
Thank you, but this isn't needed, i'm going to keep adding as long as i have the fiat to buy, I've been buying eth mostly, and Nii and Ride cos the VR game will be released before the end of Q2 in most Audi cars.

Sigh. Okay, I'll buy some.

>>49632001
kek
It kept inflation down as money flowed to litearlly nothing instead of real goods.
People are retarded.

And then on top of that, if you count the efficiencies of the systems (developing anyway) they are contributing to supply side.
It's like there is a mine going and all the work is almost done and some retard says how they haven't produced anything at all yet just as the rocks start coming out of the ground.

>>49632001
shut up nigger

>>49632321
>>49632499
Cool it with the bigotry, it's not funny

>weisenthal

>>49632001
If the financial system wasn't so corrupt and broken no one would buy crypto and Satoshi wouldn't have created Bitcoin. Simple as that.

>>49632557
lmfao, watching you kvetch is though

>>49632001
>OH NO NO NOT THE HECKING SOCIETY
sneed
based crypto chads crashing the jew world order
i fucking love it and i will never take part in it, i will just keep on trading my meme coins and all you can do is cope seethe and dilate

>>49632557
I didn;t say it was funny. You need to go back to plebbit

when the current system collapses, the wisenthals of the the world will probably end up in labor camps.

>>49632806
>lubing the world's asshole to prepare for a cashless society where all currency is digital and every transaction tracked by the jew world order is crashing the jew world order
hecking based

>weisenthal

>>49632265
>Fuck this ponzi scheme bullshit.
>I'm making a switch to SEO and affiliate marketing

>>49632440
>It kept inflation down as money flowed to litearlly nothing instead of real goods.

Holy shit how can you misunderstand economics so thoroughly? Money doesn't flow into crypto. When you buy crypto, you're giving someone else your money, and they can immediately turn around and spend it. Then you're left with internet bucks that you (and similarly deluded morons) believe to be worth the amount of money that you exchanged for it. Ponzi schemes are not investments, they're ways of shuffling consumption around. You may think you're investing or saving, but in reality almost every dollar that gets exchanged for crypto is used for consumption. That's part of why crypto drives inflation up.

>>49632265 #
>Fuck this ponzi scheme bullshit.
>I'm making a switch to SEO and affiliate marketing

>>49632001
>contributing nothing productive
Now do a tweet about career landlords please Mr Weisenthalbergstein

>>49632001
Jews like him want you to use their fiat money

>>49632001
You could ask yourself that about the whole financial system.

>>49632001
>To what degree did crypto contribute to elevated inflation
Less than a single percent, numerically speaking.

>>49632557
You need to go back.

>>49632001
ok jew

>>49632001
what causes inflation according to NPCs so far?
>panic
>greedy rich people
>CRYPTO
>supply chain issues (that never resolve)
>putin
>lack of price controls

list of things that DO NOT cause inflation
>money printing
>artificially low interest rates (defacto money printing)

>>49632001
Joe is retarded.
>juicing buying power of token holders.
Umm holders do just that...HOLD which takes money out of the real economy. That is a positive for inflation. Plus, trading crypto only transfers wealth between two parties and inflates crypto prices which is detached from the CPI. This has no bearing on Supply and Demand dynamics.
>semiconductor tightness
GPUs for miners is a small percentage of global semiconductor demand since they literally power all industries.
>pulling in labor from elsewhere
Well this is true but this is has nothing to do with inflation but production. Inflation is a function of Supply and Demand. Production only affects supply side but if demand lowers at the same time, inflation doesn't change.

>>49632113
some dick head refused to understand that real money is made in moments like this, just bagged some Sylo and matic coz we are most definitely getting to a point of financial opportunity:)

>>49632001
Me playing a video game on my GPU
>nobody gives a shit
Me mining ETH on same GPU
>NOOOOOOO YOU'RE CONTRIBUTING TO SEMICONDUCTOOOOR TIGHTNESS

>>49639818
Yeah, we're getting to the era of financial opportunity than financial risk, thou i've never stopped buying, i added Ethereum and Vfox today to increase my passive returns.

>>49639872

Imagine using game to increase your token! this is literally the new norm, playing kogs slam has been helping me earn KOGS which i'm converting to rfox tokens.

>le 800B in 1000T world of asset is the driver of inflation

Is the scapegoat narrative in?

>>49632265
>Fuck this ponzi scheme bullshit.
>I'm making a switch to SEO and affiliate marketing

He's unironically right. How much energy does it take to print a physical dollar bill? How much energy does it take to open a .txt file and write "Your balance is $100,000" then send that .txt file to someone else, compred to a crypto transfer LMAO. Crypto/blockchain/tokens NOT NEEDED for digital currency.

>>49639953
I'm not buying anything now, I'm providing liquidity for ORE on Allianceblock to earn more passive return. Pool offers upto 55% APY atm

>>49632001
>suck hundreds of billions of dollars out of the system
>contributing to inflation
I would argue crypto buffered inflation.

>>49632001
He's right

>>49632001
>contributing to inflation
The ONLY thing that contributes to inflation is increasing the money supply and crypto doesn't do that, if anything it decreases the money supply.

>>49632001
I bought an additional .4BTC today. I’m not stopping, I can’t afford anything with my wage anyway even if I saved it for a lifetime.

>>49634168
But you are missing that it was plebs eschewing consumer spending.
The rich sold to them.
The rich simply can only eat so many eggs, use so much gas, etc. Them getting "spending cash" has no effect on inflation of everyday CONSOOOMER goods.
You are small mind that thinks otherwise.

>>49632001
That’s crazy but who is in charge of zero interest rates that encourage debt max martingale strategies? It’s not crypto’s fault the Fed monetized trillions of dollars.

>>49642307
>It’s not crypto’s fault
Funny how funny all the tards that want DEFI DEFI DEFI cheered on the huge artificial pump.
Only to be pimp handed with a crash that allows for massive regulation.
Almost could have been seen coming...

>>49632001

>Posts every way that banks vacuum value out of the economy
>lEtS bLaMe CrYpTo GuYs!!!
>Weisenthal

The jokes write themselves

>>49632265
>SEO
Have fun getting assfucked by Google every quarter when they roll out their algorithm updates

>>49642107
isnt that like 10k? thats a ton of money

>>49632557
you're right, it isn't funny anymore when you don't even have to look up the early life

>>49642205
>But you are missing that it was plebs eschewing consumer spending.

Bullshit, the most similar type of spending to putting money into crypto is putting money into a bank account or a traditional investment, not spending it on consumption. Crypto converted consumer investment and savings into consumption.

> The rich sold to them.

The rich by and large are not in crypto because they're economically literate enough to identify a pyramid scheme when they see one. Most crypto sales over the last few years came from early adopters to fund middle-class lifestyle spending along with more crypto speculation.

> Them getting "spending cash" has no effect on inflation of everyday CONSOOOMER goods.

Tell me you don't understand economic fungibility without telling me.

>>49632126
Absolutely. It'd be like if Herbalife or Amway was able to cultify a huge percentage of the population. Crypto is nothing more than a "get rich quick" pyramid scheme.

>>49632641
So he replaced a corrupt system with an even more corrupt system. Okay, i guess.

>>49632265
>fuck ponzi
>switching to seo now
YOU CANT MAKE THIS SHIT UP KEK

>>49632265
>Fuck this ponzi scheme bullshit.
>I'm making a switch to SEO and affiliate marketing

>>49643080
Jesus Christ nothing you said is accurate at all.
Americans SAVE? Are you fucking kidding?
And it's the RELATIVELY rich that have no problem buying consumer goods at their whim.

I know you are poor.

>>49632001

Except for fucking taxes, I contribute 10x more than the average nocoining, stimulus collecting, complaining normie fucktard.

>>49644608
>I didn't produce anything, yet I contributed more because my number on a screen and then I had to pay some of that number to the government
Cope. You did nothing but ride coattails.
The guy at the tire shop actually contributed more and you know it.

>>49632265
Dude youre really late to that game. The internet is run by bots now.

>>49632265
>Fuck this ponzi scheme bullshit.
>I'm making a switch to SEO and affiliate marketing

>>49643080
your iq is about the level of a poo.

>>49632265

>>49644821
Hey at least they actually sell products.

>>49644654
>wow he put tires on cars!!! so hard!!!

>>49632557
you're right, Auschwitz is funnier

>>49632161
We've not seen the bottom yet, and you'll be burnt real bard for this decision. You would have been protected if that you were invested in projects like Honeyland that has a buyback on their NFts.

>>49632001
It's the opposite. Crypto is a liquidity trap, it keeps money outside of the supplychain.

The people who are going to make it are those who have bought everything they will need for the next 10 years. Fiat and crypto are both equally worthless.

>>49645061
Not hard, PRODUCTIVE.
It's easy to see.
But it's quite hard to explain how you were productive by riding the coattails of some other people.
It IS EXPLAINABLE though. Can you do it?

>>49641735
Now is definitely a good time to find a way to earn on your asset, that's what 2017 bear taught me.
now earning 10% on Ethereum and stables, and 25% on Ride while waiting for the VR game launch.

>>49632001
This is a text book speculative and useless asset bubble script.

>>49632001
Very little, people plowing money into crypto is the end result of the very same policies that created inflation. Also semiconductor tightness outside of leading edge nodes is not effected by crypto. Practically all semiconductors used in automotive, industrial, aeronautical, and other sectors are built on nodes 4+ generation behind the leading edge because of reliability trump efficiency and performance.

I'm just holding my bag. Not buying any coin for now, but rather setting funds aside so I'll be able to buy a land in the sports metaverse during their public sales later this month.

>>49632001
If anything crypto has acted as a monetary black hole which sucked liquidity out of the economy, meaning it did the exact fucking opposite of contributing to inflation

>>49632001
Exact same thing could be said for physical gold.
>>49632321
To be fair you cannot be against both Weisenthal and Sam Bankman on this one.
Or is it an other of their tricks, to make believe they have contrarian interest, but it all unites in a grand millenarian conspiracy which lead to a Capitalist-communist new world order prophetized since the early judaic years (5775)? :s

>>49632001
The exact opposite, crypto prevented commodities to go up initially.
But then the FED went full retard and printed so much trillions that it spilled to non-virtual stuff.