/biz/ - Business & Finance

too big to fail

It's also mathematically proven that you can't cash out

>>5080333
Based geometric scale

Its never happened before, and it'll never happen again. Why aren't you buying all these cheap BTC?

>>5080333
>implying a classic crash is the only thing that could happen to bigcoin to make it absolutely and utterly worthless

>>5080369
>same thing said last year

>>5080333
the BTC mempool will definitely clear entirely in 3 days, after the next difficultly adjustment. fees will go back to 1 cent.

If bitcoin crashed to 1USD or lower, would you buy?

>>5080434
>he doesn't realize that the real question is: if there's noone to buy your bitcoin, can you sell?
If a tree falls in a wood, but nobody is there to listen, does it still make a sound?

>>5080474
You are wise anon

>>5080333
https://youtu.be/q0V_9rm3TJ8

>>5080527
>if I do a bitcoin transfer it takes me 30 seconds
>it is instantaneous
dude is getting old, isn't it?

Fucking double top yo

>>5080561
Yeah he fucked up making that statement. However, he makes a great point towards the end that crypto's rise HAS to depend on hyperinflation of fiat.

Stop valuing your crypto in dollars and start valuing your dollars in crypto!

>>5080369
this
factually backed by greed
you simply can't cash out because you are just a typical human

>>5080333
It can crash. Eventually the market cap will be so big that the purchasing power of people will be miniscule and it will be impossible to cause the price to rise at which point everyone will bail because there's no point

>>5080333
Im gonna sit with my naked ass on my keyboard and look what it tries to tell you

fjsscnd#jsiAaaaaaaaaaaaaaaaaaa

>>5080369
Because you know you'll make sick constant gains and don't want to sacrifice them for fiat? Silly nocoin.

>>5080527
>RT
>CREDIBLE IN ANY WAY

>>5080893
Idc about them. It's all about what Mcafee has to say. He is very credible.

>>5080666
"and what salary are you looking for?"

"well it's changing by the minute"

>>5081096
Welcome to the late 1970s. Hyperinflation is coming back

>>5081096
kek

>>5080369
>implying bitcoin is not the future globlal currency and need to cash out to jew shekels

You are a fucking moron OP. If the govt of a big market prohibits banks from servicing exchanges, boom, no one can cash out and it is instantly worthless.

This is the only way crypto will crash and it is also the easiest. The decentralization means fucking nothing when no one can sell their coins for fiat, because let's face it, that is literally all crypto is good for.

This crypto "currency" meme needs to die because it stopped being that a long time ago.

>>5081169
https://youtu.be/-phSXvHq3Zk

>>5080474
pajeet detected

>>5081125
have you paid attention to the Fed recently? you would know that graph is out of date, especially given the blaring "Last fed rate hike", They've done some rate hikes. Though the economy is in a weird position right now. Wages aren't going up with the decrease in unemployment

>>5081169
once decentralized exchanges are the norm, it's over (it's already over)

if the make it illegal, this shit is going to fucking explode (it hasn't exploded yet)

>>5081240
There recent actions are too little too late watch this video i posted>>5081201

>>5080474
What sort of retarded burger question is that, of course it makes the sound

>>5080333
that's what people said with the housing bubble

>>5081169
Ostensibly the point of crypto is to replace "cashing out". It's supposed to be its own currency, hence cryptoCURRENCY. It wasn't meant to be this insane speculative instrument it is now that's only good for pumping and then converting to fiat. Once this bubble pops, which could be tomorrow or 5 years from now, the technology will still exist and be even more improved and be better used for acting as a decentralized currency.

>>5080569
Get ready for the triple boiii

>>5081096
>"and what salary are you looking for?"

"well it's changing by the minute"

Also,
>we can offer you 5k month + benefits to live in a 50k-80k COL area to work

>>5081125
someone ELI5 on that bullshit 0 interest rate masterplan, maybe you! Satoshi!

>>5081307
oh yeah?

>>5081604
https://www.investopedia.com/ask/answers/12/inflation-interest-rate-relationship.asp

>>5081668
well, yes. So they don't want us to save our money, sell, sell, sell, which drives up inflation, and lowers the value of the dollar/currency.
But why? Is this some kind of Kensian approach from the hippy times?

>>5081762
>Keynes
that guy

>>5080333
B- but it has crashed before.

>tfw I've made $25,000 over the past week

I know it's not a whole lot of money, but I've never had this much essentially liquid cash available before. I don't even know what to do with it at this point besides leave it in BTC and see what happens.

>>5081762
it's done to drive the economy as you can get loans more cheaply and invest and so on, the downside is that drives inflation. What's been bugging economists though is that despite that, inflation has been extremely tame, and wages haven't been growing despite low unemployment. The old tools aren't working anymore and they aren't quite sure why.

The economy is doing "well" so the Fed is starting to hike rates again so there's less risk of the economy overheating and popping.

>>5080527
macafee is literally insane

>>5081834
congrats $25k is big i was ecstatic when i woke up to 3k

Nothing is too big to fail. Everything that goes up must come down eventually.

>>5081834
Can you even sell bitcoin? If you can then sell that shit, dont get greedy.

>>5080527
Is this guy just pretending transaction fees aren't prohibitive or something?

>>5081834
>essentially liquid cash
>available
okay boys, who's going to tell him?

>>5081860
>to drive the economy as you can get loans more cheaply and invest and so on, the downside is that drives inflation.
Yes, 100% Keynes, or am I missing something?
>The old tools aren't working anymore
Have they ever really worked, or was it all just some drops into a pot of chaossauce?
>The economy is doing "well" so the Fed is starting to hike rates again so there's less risk of the economy overheating and popping.
wait, interest rates are raising again? When did that happen? My bank still gives me shit for my euromonies...

>>5081834
That's a crap ton of money to have liquid. But if you're leaving it in something as volatile as bitcoin, you haven't "made" that money, your gains are unrealized. Bitcoin could crash, it could balloon, but you don't have that money until you cash out.

Having 25K won't set you for life by any means but it's money that enables peace of mind for you to try anything, like a career change.

If you don't have enough money to handle a few months unemployment (or you need money to accomplish something like moving out, getting a car LOAN, etc.) I would suggest cashing out that then letting the rest stay in BTC if you want.

>>5081834
give it to charity

>>5081919
The rates have been crap for so long, most people are used to terrible interest rates by now, a whole generation has no idea what they used to be.

It may take a while for big banks to budge, you can get interest rates that nearly or do match the Fed at credit unions. Make no mistake the rates are still extremely low compared to what they used to be, but they are starting to climb again.

>>5081240
>believing BLS unemploment numbers

>>5081953
don't worry banks won't be around much longer

>>5081128
well it isn't, not in it's current state. you're delusional if you don't think it's a meme machine akin to the lottery right now

>>5080434
yes, but it would be extremely painful

>>5081993
well labor participation rate is bad, probably because of the bad wages. There's a lot of benefit cliffs too where you're better off NEETing with your parents instead of getting some crap job. Sure your future career skills might be affected, but when there's so many middle aged people working minimum wage retail work, I guess a lot of people (men especially) decide it's not worth it when the risk is so high that you'll be stuck at the bottom regardless of what you do.

>>5081834
>I don't even know what to do with
How is that an issue when there is nothing you can do with it

>>5081900
>>5081924
poorfags