/biz/ - Business & Finance

>>49760010
should have listened to peter schiff when he tore mashinsky a new asshole

>>49760010
>”HODL on” gang

>>49760010
now way this is real
???

>>49760010
This is a major problem and could cause the value of Celsius tokens to plummet. If Celsius can't make interest payments on their own token, it's not clear how they will be able to keep up with demand from investors. This could lead to a mass sell-off of Celsius tokens, causing the price to crash.

>>49760209
this reads like a bot post or one of those booger mcfarland memes

>1-866-HODL-NOW
>biz users willingly gave money to these people

>>49760034
he literally sits on the sidelines and says everything after it happens.

>>49760209
they're going to take BTC from true believers and they're going to sell it, hard.
crypto is musical chairs.

>>49760209
yahoo finance is here

>>49760209
No way thisis a human

>>49760178
this is from a reddit post but i wouldn't be suprised if it is real
check the reddit thread "Currently, we are not accepting CEL as an available interest payment option" on /r/CelsiusNetwork it should be on frontpage

Did they ever accept their own token?
Burger here i can only pay anything in USDC

>>49760383
https://www.youtube.com/watch?v=jj8rMwdQf6k
>explained in 2006 to the people who caused the 2008 GFC what was going to happen and why it was going to happen
you must be very young, repeating what you think is information, when in fact it's just another of the subtle lies that makes peter schiff memes funny. you can't possibly have lived through the GFC and believe what you just said.
the memes are funny. we agree.

>>49760383
he literally called out the celsius yield as a scam in real time during the debate

https://youtu.be/YaNXa4yLv-w?t=3103

>>49760396
It's unfortunate that some people are going to lose out when the crypto market crashes, but that's just how it goes. There will always be true believers who are willing to hold onto their BTC no matter what happens.

>>49760492
This does indeed sound very bot-like

>>49760516
WHAT IN THE FUCK, LOOOOOO

>>49760565
>when the crypto market crashes
I have bad news for you

>>49760516
Visit the page for a minute... glorious salt

>>49760608
There is no denying that the cryptocurrency market has seen a sharp decline in recent months. However, this does not mean that cryptocurrencies are crashing generally. In fact, many experts believe that the current slump is simply a correction after the massive gains seen in 2022. Cryptocurrencies still have a lot of potential and could rebound strongly in the coming months.

>>49760646
good morning sir

>>49760646
>>49760209
Die you fuckin bot

>>49760614
This is actually fucking horrifying, but my god. LOOOO you can't pay in their own token OOOOLL

I took my corn off the literal NIGHT BEFORE they locked everyone out. I have a little survivors guilt now.

>>49760228
magic johnson tweet

>>49760646
that's what I said

How do we report bots?

>>49760543
He goes on about how screwed the US is but thinks emerging markets and Asia will be fine. How does that make any sense? The whole world is pretty much fucked, isn't it?

>>49760700
/report and then the post #

>>49760559
Wow Peter is re-earning my respect

>>49760010
This is starting to amuse me more than luna

>>49760010
Translation
"HA! Nah nigga, we wat REAL money. Lol!"

>>49760584
>>49760614

>>49760209
No shit, you don’t say?

>>49760010
t-this is FUD, can a mod delete this?.

>>49760951
I second this post. Can a mod delete this?

>>49760209
wtf is this

>>49760010
lmao

>>49760722
are you helping that other guy move the goalposts or do you genuinely care?
well APAC does pretty well right after the US fucks itself that hard, yes, comparatively speaking. did you miss the entire decade-long rise of alibaba, JD, SEA, etc.?
the reason emerging markets in particular get a bad wrap is because people think they can buy and hold without studying and it will pay off in the long run. this is not the case. this works with the S&P because the US manipulates its currency and that currency is global reserve currency. if you trade or invest in EM's a little more intelligently, you can do okay. it is quite hard though. i stick to bonds and i keep learning more all the time, and often the hard way.

HODL ON
Never sell.
Literally

Your balance: 1,000,000,000 btc
You just can never withdrawal
just HODL ON forever

>>49760559
kek mashinsky nervously laughing and glancing away because he's getting verbally mogged
then saying "bitcoin pays dividends, peter" lmao what a bold liar

>>49761238
BIG if TRUE

>>49761260
dude actually looks Sober for once

>>49760559
love this lil nigga like you wouldn't believe

>>49761202
I do care. What I don't care about is being on a pro or anti Schiff team. I think the guy's right about a lot and likely wrong about some things.
It seems to me that EMs are emerging within the current global order, which is breaking down/morphing into something different.
China has horrible demographics and much of their economy is based on western consumption (what happens when the west collapses?) and the world's largest real estate bubble.
I just don't see how he thinks it's mainly just the US that gets screwed in what's coming. It's not like other fiat currencies are going to avoid collapse.

>>49760726
/report 49760726 this guys a huge faggot

>>49761601

>>49761531
okay well he has admitted which parts he's been wrong about so there's that
in my view it should be to their benefit, not detriment, that the current order is slipping. the internet itself is fine, shipping itself is fine (its US ports that are fucked), and moreover all countries (china included, to your next point) are perfectly capable of consuming the goods they produce. exporting is not a requirement of a healthy economy. this increased production is great for them, the value of their currencies appreciates locally. this on its own is a good thing, but it also creates the same wiggle room to manipulate said currencies again in the domestic context, which gives them each a slice of the power that the US has over its own economy to direct things as they see fit.
the US is in a more precarious position than others because of the global reserves. the entire world is in a position to simultaneously repudiate UST's. there is no one else that vulnerable. like every empire in the past, people just realize they don't actually need that empire's dollars anymore, consumption does not have to come from abroad. the more the manipulation gets out of control domestically, the less purchasing power we have above and beyond taking care of our own needs in order to drive all that importing.
schiff is not the only person who explains this point of view btw

>>49761722
Okay, well he has admitted which parts he's been wrong about, so there's that. In my view, it should be to their benefit, not detriment, that the current order is slipping. The internet itself is fine, shipping itself is fine (it's US ports that are fucked), and moreover, all countries (China included, to your next point) are perfectly capable of consuming the goods they produce. Exporting is not a requirement of a healthy economy. This increased production is great for them; the value of their currencies appreciates locally. This on its own is a good thing, but it also creates the same wiggle room to manipulate said currencies again in the domestic context, which gives them each a slice of the power that the US has over its own economy to direct things as they see fit.

The US is in a more precarious position than others because of the global reserves. The entire world is in a position to simultaneously repudiate UST's. There is no one else that vulnerable. Like every empire in the past, people just realize they don't actually need that empire's dollars anymore; consumption does not have to come from abroad. The more the manipulation gets out of control domestically, the less purchasing power we have above and beyond

>>49760700
stop that it's not a bot document.querySelectorAll('.postMessage').forEach(function(item) { item.innerHTML=item.innerHTML.replace(/<br><br>/g, '<br>'); });

>attempting to ruin a thread that destroys crypto by pretending we're bots having a conversation
i'm not on a VPN, my IP is static, the mods know me already for "racism" because i say whatever i like whenever i fucking feel like it.
not gonna work, champ. this is the real deal. mashinsky's fucked and PETER WAS RIGHT

>>49761722
>china.. are perfectly capable of consuming the goods they produce
I'm skeptical of this point. That's an awfully big and complex switch to make.
How do you think CBDCs are going to affect the decline of the USD? They're obviously pushing for the current system to be replaced.

>>49762248
okay, but it's literally how the US got wealthy in the first place. first we fed and clothed ourselves, only after the wild wealth built up from 1870 to 1920 did we start doing the same for the rest of the world. our history is the example everyone else in the third world still wants to copy, but they don't want the freedom that enables it. that's why they keep fucking up.
i know nothing about the future of CBDCs but i do know the history of money: calling in a country's currency and issuing a new one that's got an extra zero on it isn't new. i think the fed will wait until they absolutely have to do this to make the switch. thus, the more ready they are with a digital currency, the more free they will feel to use QE and massively inflate M2. it won't matter if they can "correct" it at any time by turning your "paper system" $100's into digital-system $1's.

Did anyone see that gay-ass "Statement"?
They were going to do an AMA on Reddit but their lawyers apparently made them cancel it.
https://www.youtube.com/watch?v=akHW8Xen4Cw

>>49762390
Well the US also benefited hugely from WW2. Not only was the developed world in massive debt to the US, but the US also had a completely intact manufacturing base in a time of very cheap and readily available oil.
They also had great demographics.
I'm not seeing these kind of golden age factors coming together anywhere else in the world today.
I get the feeling they want chaos that will provide them a justification for the switch. I don't understand the economic and monetary implications though, only the authoritarian 1984 ones.

>>49760010
god just default already so i can claim the losses and call it a day :(

>>49762390
Just catching up with your comments. How familiar are you with the wildcat banking era of the late 1830's? VERY similar here. Same attempt to create a currency based on belief; same lack of underlying value behind the over-populated currency; same end. Very interesting times.

https://youtu.be/akHW8Xen4Cw (Celsius - June 17, 2022) [0:14]
>so Celsius can fuck us on this very important work for the community

>>49760671
The weak should fear the less weak.

>>49760209
Originally they did not give yields for holding CEL. Holding it and getting yields in it gave you a big bonus on the yield of your other tokens.
This made sense since you were locking up a fixed amount of CEL and not touching the yield generating part of the balance.
The obvious downside is this means there's absolutely no demand for CEL unless new accounts are being made that want the bonus yields. So the CEL token part of the deal always had ponzi economics but that wasn't driving the yield, it was just a bonus for those willing to risk it.
I think if they became compromised it was recently as rates of new registrations started dropping fast and they had to get "creative".

>>49760010
>1-866-HODL-NOW

HOLY FUCKING SHIT LMAAAAAAAOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

>>49760010
>buying a coin staffed by israelis/jews
you deserve whatever comes to you

>>49760779
so what happens if you don't make your loan payement? what can they do lmao

>>49760010
>1-866-hodl-now
i'm fucking dying of laughter holy shit and you fucking faggots called us schizos over at GME WELL WHOSE LAUGHING NOW BIG GUY?

NOOO WHAT DO YOU MEAN I SHOULDNT HAVE TRUSTED THE COMPANY THAT HIRED PORN STARS WITH MY HARD EARNED MONEY


AAAAAAAAAAAAAAAAAAA

>>49760565
>It's unfortunate that some people are going to lose out when the crypto market crashes, but that's just how it goes. There will always be true believers who are willing to hold onto their BTC no matter what happens.
BTC is obsolete bullshit that is holding back DLT and tokenisation because of the retarded 'look its a private issue currency token' fud. BTC and its adherents can get fucked. Never buying it. In fact it and ETH another obsolete DTC should be blacklisted so the retarded BTC Maxis should see how much BTC is worth when they are the only ones buying and selling. The last time it did anything useful is when it bought a pizza it is only where it is because it was the original trading pair for gen 1 alts. It is no longer needed. It is a SHIT shopwindow for the DLT technology. Even fucking eth, also obsolete has at least smartcontracts.

>>49763175
I am. At you. Fucking gme. kek

>>49763341
oh look a life long baggie hodler thank you for pumping celsius' bags!

>>49763341
i'll wait for your suicide thread.

>>49763325
Based and technology pilled. I'm personally betting on monero briefly becoming the top crypto in this crash because its value is tied to grams of heroin

>>49760010
This is as if US government stopped accepting dollars to pay taxes and started forcing people to labor or to pay in kind. A perfect example of a failed system. Or a scam.
IDS OGER,

>>49760010
Why on earth would they accept that?
If anyone knows what actual trash it is, it's them.

>>49760209
Why are there so many fucking bots here?
Dx5fe

>>49764484
>anything that i dont like is either FUD or BOTS

>>49760010
absolute STATE

>>49760614
>put your tokens in someone else's wallet even though maxipads have been parroting not your keys not your coins since forever
>get scammed
>wtf crypto is too dangerous
Just lol