/biz/ - Business & Finance

>>49797050
Real people are losing their shirts faggot. Some people worked hard for that money unlike you.

>>49797050
Me too. It's evil and jewish

Bitcoin's fall has been accelerated by the suspension of withdrawals by two cryptocurrency platforms. The Celsius Network said it was pausing "all withdrawals, swap, and transfers between accounts" due to "extreme market conditions." Babel Finance said it was facing "unusual liquidity pressures." Major exchange Binance temporarily suspended bitcoin withdrawals and advised customers to use other networks. Coinbase said Monday that it was trimming 18 percent of its workforce, about 1,100 jobs, citing tight economic conditions and overly rapid expansion. "We appear to be entering a recession after a 10+ year economic boom," Coinbase founder and CEO Brian Armstrong said.

>>49797104
>worked hard
Lol nigga fuck you.

>>49797104
>Some people worked hard for that money
And then they gambled it away, you fucking retard.

>>49797250
Bump
I hope >>49797104 is one of them.

>>49797104
if you genuinely cared about that money and wanted to use it for savings you wouldn't put it into fucking crypto of all things. there are literally so many options out there yet you choose to use the unstable volatile speculative option that nobody knew about just 10 years ago kek

Is this the dip?

>>49797176
>>49797250
>>49797322
Assholes

>>49797050
>not shorting all the way down
stay poor lol

>>49797394
it's okay to have negative feelings anon, but it's bad to bottle them up and release upon others. now tell us, how much have you lost in crypto so far?

Oh the humanity!

>>49797104
Something for nothing.

>>49797777
CHECKED

>>49797174
What did Coinbase need 1100 people for anyway? Sounds like a lot of unnecessary expenses..

>>49797050
haha damn, you sound like a miserable, hateful, unlovable person. What a dark and cruel thing to go out of your way to post, I genuinely hope something incredibly bad happens to you and no one wants to help you. Instead they relish your suffering like you are now

>>49797394
Baaahahahahah

>>49798192
lmao

>>49797394
lololololol

>>49797050
Contributing to society is a meme for dumb faggots anyways. People with money can do more for society by following their own interests and only contributing in the form of spending their money to elevate their own standard of living.

Ask yourself why you believe that "contributing" means you have to slave on behalf of other dumb niggers who would kill you for 20 bucks if there were no consequences. The majority of all labor taking place in the first world is meaningless and wasteful and does nothing to enrich the soul or the lives of the people around you. It only degrades the human race.

>>49797050
>t. incel that can’t seem to realize why he’s never had sex
Your answer lies in this thread.

>>49798393
bulls make money
bears make money
PIGS GET SLAUGHTERED HAHAHAHAHAHA

>>49798192
kek shyto baggie

>>49797050
What a fucking loser. There's no way you're actually happy and made something of your life if you genuinely seek and enjoy the misery of others in such a spiteful way. Don't even try to convince me otherwise, because happy, successful people don't behave in this way, period. Please do the world a favor and kys..

>>49797050
Based, fuck cryptoshills

Stay mad nocoiner. You could of retired at 20 years old by just buying 100$ of btc in 2008 2009. Nocoiners will forever seethe at this once in a lifetime chance they missed.
Enjoy your day at work tomorrow

>>49797777
chek'd
Holy bobo

>>49798675
Look at them all, they're still just so fucking enraged that they feel the need to come here and offload their anger issues because they have literally nothing else going for them. Fucking pathetic. They are just Seething!

>>49797050
they also kept posting about how 'nocoiners' will all be their slaves in 10 years
zero sympathy

>>49798675
that's how all ponzis work dumdum
a handful of people get in early and become millionaires, the other 99% get rekt

>>49798793
Coiners are based though, why would you support the old monetary system which is clearly rigged against your interest?
Crypto can basicslly be summed up as: young autistic tech nerds, who realized how fucked the current system is, building a breakaway monetary system to leave the old one behind.
The normies who are just gambling on scams do not make up the core of crypto.
Zoomers vs boomers

>>49798793
oh you'll still be my slave, bitch. Don't get it fucked up.

>>49798862
And the biggest ponzi in the world is USD.
Obviously everyone acts for their own self interest, thats basic game theory.

>>49797050
>muh society
Ok boomer

>>49798886
forget them, they are a lost cause. Not worth the effort.

>>49798183
Brian needed his asshole, balls and cock licked by a different female every 11 seconds

>>49798886
Young autistic tech nerds with god complexes who are convinced their meme invention that has infinite dystopian applications. I swear tech bros have zero concept of consequences. What could be the implications of immutable records of everything ever? Surely in no way could this be manipulated by the powers that be? WE ARE THE PEOPLE WE WIN HUEHEUUEHEHEUEHHEUEUEUEJEJHEUEHEHEHH. Fucking asshats. Crypto better fucking die hard so no one even considers it ever fucking again. Countries need to be more afraid of it than fiat currency so the dystopian aspects of it aren’t worth it.

>>49799051
Crypto is better then what we have now though.
Having a clearly capped supply, with transparency and a definite amount of inflation.
Vs monopoly money the gov prints and buys real goods with, none of which benefits us.
If you held 1$ since 1920 you would be down 99% on your purchasing power, what could that be besides a scam.

>>49798886
>old monetary system
if my "old monetary system" bank goes under I get my money back
if someone steals my "old monetary system" credit card and uses it I get my money back
meanwhile in cryptoland...

>>49798192
i understand where you're coming from but cryptoniggers are just getting back what they gave. don't talk shit if you can't take the bantz

>>49797777
Checked

>>49799051
There is nothing dystopic about btc itself, as long as its decentralized and nobody can stop you from sending money or confiscate your funds..

Vs usd, banks can take your money, or if you have a large amount of cash cops can legally forfeit it and you need lawyers to get it back

>>49798393
Rich people spending money is not contributing to society. It raises inflation

>>49799128
>wow this brand new system isnt as established as this centuries old one wtf
Insurance is coming to crypto and defi, defi itself is barely 2 years old

>>49799191
My point wasn’t Bitcoin was dystopic so much that blockchain technology has plenty of applications in that, and the sad reality of our world is that the powers that be always win. A government controlled crypto would be fookin scary. Think Trudeau’s freeze trucker money crap but easier to facilitate.

>>49797050
i also love browsing /biz/ when btc crashes. its amazing how some retards will always hold btc on a pedestal even when it fails on being digital money and digital gold.

>>49797050
cope, you will never have money (or be a woman)

>>49799254
Sure but its not any different then the current system, most people use credit cards and all payments are tracked and can be shut off.
But crypto itself was born from libertarian ideals, cypher punks were anti gov and pro freedom.

The canada trucker thing actuslly showed the strength of crypto, that wasnt about the crypto protocol, they ptessured an exchange to sieze it, they also sent letters to a wallet company and they basically said "lol it doesnt work like that"
It is fine on the protocol level.
I think everyone understands cbdcs are terrible and dangerous, theres no contention on that.

But stuff like XMR gives crypto hope, they cant really do much about it

>>49799383
>btc 2008: $0.00001
>btc 2022: $19000
>bitcoin has failed
Lmao

Gold itself is failing pretty bad at doing its job, its not going up against inflation, and thats not its fault, they just sell paper gold to suppress the price or gold would be pulling a bitcoin and everyone would be dumping their monopoly money.
Its all a scam.

Why would you white knight the traditional financial system?
You probably work a shitty 9-5 and live paycheck to paycheck, it would be in your best interest to leave the system which is clearly rigged against you

>>49797050
I hope they'd make me a documentary on how I made a fortune shorting this to $1 eh? I have my bags but I'm still not closing my short until bear market macro ends

>>49799717
stocks are a better inflation hedge and i dont see gold dropping in value more than 70%.
btc is too volatile to be digital gold and too inefficient to be digital money. it was a neat proof of concept but there are better alternatives now.

>>49797050
I just want btc to die because it is antiquated tech and only holds the crypto sphere back at this point.

>>49799128
>>49799051
>>49799383

Short sighted boomer niggers. I'm sorry for insulting your 500 year old monetary system. You'd think crypto will replace TradFi in less than a decade? I know you and I got a short life but fuck off. All faggots of nocoiner/coiner sides both filled with retards seething with hatred, just because it involves money.

>>49800054
Stay mad you fucking faggot LOL

>>49797050
>>49797777
I've been boboposting all summer but checked

>>49798183
They are using this opportunity to dump all the SJW/political activist tards out of the company because they are unproductive, annoying and stupid.

>>49798442
Pigs get slaughtered, but so do chickens.

It's not tanking, idiot. Literally just rose 2k in a few hours.