/biz/ - Business & Finance

man he looks like shit lately, hope it's cancer

boy these guys are good at pointing out bubbles they're getting fucked by rather than bubbles they're doing the fucking with

really piques the pecans

He was one of the proponents of the housing bubble in 2002-2003. He thought the federal government needed to support housing prices after the dot com bubble collapsed.

No coin Boomers man. I bet my parents tell me I should consider cashing out soon.

>>5096556
wasnt this piece of shit denying that housing is in a bubble even when it started imploding?
fuck this retard, hope he really does have cancer.

>Fiat has value because you can use them to pay taxes.

hmm.. maybe crypto has value because you can use them to avoid taxes.

>>5096556
BTC at $1.000.000 confirmed then?

>>5096556
has this retard jew faggot been right about anything ever

>>5096754

You can't even use crypto as a currency without getting taxed on them in most countries. Cryptos treated like stocks needs to die.

>The growth of the Internet will slow drastically, as the flaw in "Metcalfe's law"--which states that the number of potential connections in a network is proportional to the square of the number of participants--becomes apparent: most people have nothing to say to each other! By 2005 or so, it will become clear that the Internet's impact on the economy has been no greater than the fax machine's.
~ Paul Krugman

>>5096556
(((Krugman)))

>>5096556
If you act exactly the opposite of what he predicts it's really hard to go wrong.

>>5096794

Fade this nigga's advice

All in crypto. Dump your dick and then some into it.

>>5096556
this gives hope.
as long as everyone says its a bubble its not going to be one

>>5096794
This guy needs to stop making predictions about the world around him.

>>5096770

But anon he won a nobel prize! Surely they dont give the most prestigious award in Econmics to anyone!

>>5096794
oh jesus christ

You can spot this bubble from the fucking moon it's over inflated .

>>5096770
no

>>5096556
(((KRUGMAN)))

>>5096886
Well not anyone, you have to be jewish

The bubble, is actually a moon, which is gonna suck up every fiat on earth. hope you are prepared. This is the digital silk road, new economy 2.0, whatever. there is no reverse button on bitcoin!

>>5096886
theres is no nobel prize for economics. (((they))) just use the name "nobel" for completely unrelated prize, because stupid masses have heard of it.

>Old haggard fuck
looks The degenerate kike got the Clinton AIDS

>>5096652
its what happens to you when your life is built on a foundation of lies

>>5096794
Selling my house to buy more btc

people assign value to paper money because everyone else does

why can't this happen to internet coins

>>5096794
rekt

>>5096556
>more obvious than housing bubble
afaik housing bubble wasn't really that obvious, just like any other bubble.
when those cucks will laugh at the idea of btc being a bubble, that's when you pull out.

https://www.cnbc.com/2017/12/15/bitcoin-buyers-should-be-prepared-to-lose-all-their-money-top-uk-regulator-warns.html


be prepared to lose all your "money" aka numbers on your laptop HA HA

>>5096858
are you high? its the otherway around. If everyone thinks its a bubble it will be one, irrespective of if it otherwise would

>>5096556

>loser economist tries to warn about an industry with only a few billion market cap
>says nothing about the trillion dollar student loan debt that's literally made up pieces of paper being swapped over derivatives based on intangible assets that are bound to have a default rate of nearly 50%

Brb buying more crypto

https://mobile.nytimes.com/blogs/krugman/2013/12/28/bitcoin-is-evil/?referer=http://business.time.com/2014/01/03/bitcoin-paul-krugman-is-right-to-hate-them/

>bitcoin is evil

>>5097413
not legal tender. And because nobody else does.

(((((((krugman))))))

>>5096794
CRYPTO MOON CONFIRMED

>>5097398
Don’t fcking sell it just get a second mortgage and your ark, iota, salt and bitcoin profits will repay the loan within 2 week GUARANTEED

>>5096556
fuck that kike

>>5096794
And? Hingsight is 20/20 and newfags dont realize what internet was in 1998

>>5097640
no, if everyone is waiting on the side for it to pop it never does

>>5096794

>>5098016
The internet was pretty big in 1998, I was chatting shit on forums back then and also just five years later 4chan was created

Bitcoin is a bubble, but the value of pretty much every asset is inflated as fuck right now because of how insanely low interest rates have been for so long, and how much currency has entered many economies through quantitative easing.

>>5098016
mate we all know that from the very first moment of chatting on IRC, ICQ, downloading that 1mb big_tits.bmp over the course of an hour, that internet was the best invention ever. i was instantly hooked, and have used it EVERY single day since
i havent felt like that until discovering crypto

It's funny. You can tell who the teenagers in this thread are by how they act like the bubble isn't going to pop.

>>5098264
what do you mean by pop? like all crpyto will just drop off the face of the earth?
or pop as in drop 50% then be back 150% in a week?

>>5098264
>how they act like the bubble isn't going to pop.

Bitcoin is definitely gonna pop eventually, but to think anyone can call the top would be silly. Also while BTC may die one day, crypto is here to stay

>>5098366
>Also while BTC may die one day, crypto is here to stay
This. If you think BTC is crashing, just put your money into a coin that has good tech behind it or solves a problem you think is important.

>>5098264
I can spot the fag who got into crypto in 2017

>>5097362
>>5096652

It's the evil finally catching up with him. Lot's of politicians and folks involved in tormenting their fellow man get like this after too long.

>>5096556
>fag, jew, fraud doesn't like bitcoin
BRB buying more bitcoin

>>5096660
>really piques the pecans
chortled

>>5096754

>>5098016
1998 internet was exploding
how he predicted it would fall off, it makes me think he just wants to be contrarian

>>5096556

(((krugman)))

>>5096720
He was the one calling for Greenspan to drop internet rates to create a housing bubble as a way to stimulate the economy post .com bubble.

This is the same guy who criticized the failure of the austerity of European governments after the financial crash. Despite the fact all the QE and bailouts that the EU was giving out during that time frame.

>>5096556
Fuck that kike paul krugman

>>5096705
>He was one of the proponents of the housing bubble in 2002-2003. He thought the federal government needed to support housing prices after the dot com bubble collapsed.
satoshi was proponent of crypto dream that will free us all, and yet he wasn't the one who turned it into a retarded bubble parody of everything crypto standed against

>>5098016
You're a 20 years trying to larp as older. I was 12 in 1998, not even living in America and it was already starting to boom in upper middle class families. Had a 10 hours/month AOL connection at home and remember playing warcraft 2 and magestorm and racking $1000 monthly phone bills from overtime. My school crush also had internet. We're talking a full 5 years after Eternal September, the Internet was normalfag territory at this point. Everyone had an email address even if they didnt use anything more than that.

This guy is a crummy journalist, not an econoist. Every article I've seen from his is filled with lies. Never trust jews. End of story.

>>5096556
>more obvious bubble than housing

im sure he was short then on housing... everybody seem to make great calls, ... afterwards the event.

krugman is the mastermind of (absolutely disastorous and insane) too

krugman is the mastermind of (absolutely disastorous and insane) negative interest rates too. worst idea EVER

>>5098016
Bullshit. If you didn't see the enormous potential in the internet, you missed the last 200 years or so of history. Just take the fucking telegraph and check the enormous, no, GIGANTIC, WORLDCHANGING effect it had on the people, the business and GOD DAMN EVERYTHING. If the world became "smaller" due to the telegraph, one can only imagine what the internet would do to us...
fucking brainlets

>>5096556

On your bike, you old fuck
You thought faxes were going to be bigger than the Internet and look how right you were

>>5098016
I was 29 in 1998 and you. are. full. of. shit.
Crypto right now feels more like the very late 80s, early 90s.

Boomer af

>>5096838
And if you want to be extra sure, do the opposite of what both Krugman and Stiglitz advise. Clearly, such ability to be consistently and unapologetically wrong was worthy of a “””“Nobel”””””.

Even if bitcoin was a bubble, which is a concept you cannot really apply to monetary commodities, what would the problem be?

At least we know that this one would burst, clean house, and then keep its progress, unlike "real economy" bubbles which are perpetuated and made worse by the state's bailouts and monetary policies.

>>5096556
>(((Krugman)))
i love this extension

>>5096817
This desu

fuck this wanker. looks like he'll be dead soon enough.

Does he own a fax machine?

Crypto is equal to the shit bonds that were traded in the 80s. Only a few crypto will come out the crash.b

I will be buying a fuck ton of it when it does.

>>5099832
>Specifically, he has argued that the I.T. revolution is less important than any one of the five Great Inventions that powered economic growth from 1870 to 1970: electricity, urban sanitation, chemicals and pharmaceuticals, the internal combustion engine and modern communication.

>What happened between 1870 and 1940, he argues, and I would agree, is what real transformation looks like. Any claims about current progress need to be compared with that baseline to see how they measure up.

>>5099786
He said that Greenspan would need another bubble, and called out the housing market as where he would blow it.

He's probably the most correct economist in America today, and I built a unicorn startup by listening to him, but I suppose anti-Semitic neckbeards know better

>>5101526
asset inflation can definitely be "bubblelike", but weve had big corrections in the past and new aths pretty much straight after.
its possible that crypto gets to the point where many people have a stake thats credit driven, the price plunges and all those people go into massive debt killing their potential as investors for years.
if it happens to enough people, crypto as whole stagnates because no one has anymore money.
the marketcap of crypto would have to be in the trillions.

>http://www.nytimes.com/2002/08/02/opinion/dubya-s-double-dip.html
In 2002. Krugman literally said to create a housing bubble to offset the dotcom bubble. He's crazy.

>>5096556
I'd believe we were in a bubble if these nocoiners didnt keep saying we were

>>5101909
>He's crazy.
not crazy, just jewish