/biz/ - Business & Finance

>>52306428
Tulip mania can't escape the FED.

Because it is a Ponzi

>>52306446
>>52306474
go back

>>52306428
Democrats outperformed in US midterm elections

>>52306428
SBF sells BTC

>>52306428
manipulated piece of shit

>>52306428
All of the reasons

Because of low iq niggers and literal slave cattle brained normies that panic sell when ftx is quite literally only a small ant in the world of what crypto has to offer. Oh no, you won’t be able to buy chinklink or other already topped out alts and maybe, god willing 3x. Good, get on bsc or somewhere else and find 20x’s and upwards. If you were using ftx to the point that the recent news made you spam the catalogue with wojaks, you are a part of the problem.

>>52306744
>He thinks bsc gamblers are a statistically significant force compared to cex normies, the billions of assets ftx will have to liquidate through bankruptcy, and the panicking over leveraged niggers
Sir might be time to look around you

>>52306744
Since the seizure btc is no safe investment. There seems to be a backdoor.

>>52306428
Because Link broke above $9

>>52306428
When you lose money it's your problem

When a jew loses money it's the market's problem

>>52306428
Bitcoin is a scam.

>>52306428

It always crashes around this time of year.

>>52306428
alameda sells btc to pay denbts
sol flushes its btc to stay afloat
i expect other shitcoins doing the same thing as well
binance bailing out ftx is bad news cause everyone understands CZ will have to sell btc to do that

Crypto is a ponzi scheme.
To keep it going you need more people pouring money into it and when that stops it inevitably crashes.

Before money and credit were cheap, but now we are in an economic down turn with higher and higher interest rates so people can't afford anymore to waste capital on internet tulip mania.

>>52307253
>To keep it going you need more people pouring money into it
That's true for literally any investment.

>>52307535
except other investment aren't based on nothing.
here there's literally 0 point in possessing crypto. It's not usefull at all. It's a pure scam. That's like selling your piss.

>>52307535

Point is that it's true.

And the macro situation is the worst for crypto it's arguably ever been (not to mention world markets).

You would be a fool to believe we won't see some insane shit into next year.. I'm waiting for microstrategys liquidation which apparently is around 15737k bitcoin.

>>52306446
It's Fed you clown.

>>52307610
It's Feed.

>>52307583
What the fuck are you talking about, tons of other investments are based on nothing.
Like non-dividend, non-voting right stocks just to give one example.
Or gold certificates (protip: you aren't actually entitled to any gold at all).

>>52306855
Dubs confirm

>>52307583
The only investments that are based on anything at all are things that you can use physically. Like a vehicle or a jackhammer. However they all lose value for some reason until they become collectible. However at that point they become based on nothing, because they lose their value as a tool.

>>52307647
Wrong. Those examples are completely different. Stocks are company's assets. And therefore they are directly tied to the company itself.

>>52307726
That has not bearing on reality. It's all in people's heads.

>>52307701
Value is purely subjective. It depends on what humans need at T moment. Investors try to bet on what will be the next product needed.
What I'm saying is that crypto will never offer something that ppl need. Therefore it fits the definition of a ponzi (ppl buy crypto because they think that the value will increase w/o thinking once if the actual basic idea is valid).

>>52307761
What normal human needs a share of a company or piece of paper saying you own gold???

>>52307750
Apple is real. Apple provides services, goods, etc.
Your crypto provides jackshit (maybe as a mean for tax evasion at best???)

>>52307726
Stocks are IOUs from your broker for IOUs from the DTCC. Too much counterparty risk.

>>52306428
Money printer broke.

>>52307780
So he can prove that he owns a part of that company.

>>52307781
And what material thing do you gain from owning a share of a company that provides services and goods? Or is it just a warm feeling inside of you that you're after?
>>52307807
To what end? He could just imagine he owns it and nothing would actually change irl

>>52307833
jesus christ you are so fucking dumb
read any investing and economics 101 summary before you post in here again

>>52307833
There are laws surrounding how a company operates. As a shareholder you have a voting right with respect to the corporation.

>>52307833
It's a title. Same title that says that you own your house.
That's the reason why billionaires are billionaires. Because they have shares in companies that actually mater.
Crypto doesn't mater, nobody needs it.

>>52307869
Economics is a made up "science"
>>52307885
Which benefits you... how?

>>52307892
House is something that you can live in. What can you do with a share of Apple? Can you eat it, or make something with? No, therefore it has no real value.

>>52307911
everything is made up retard
the difference is that society operates inside the boundaries it created and laws apply on regulated things
shares, bonds, titles are all made up but regulated. crypto is not
you dont need to read a 101 summary you just need to stop being an edgelord actually

>>52307962
Fuck off libtard

>>52307925
you can vote in the apple company to give you one of its buildings to live in as a house

>>52307925
You gain money from it ffs.
Interest/dividend???

>>52307962
Physics or math aren't made up.
Economics is just how a bunch of gay dudes think people should act.

>>52307911
In the past companies paid regular dividends. Just by owning the shares, you would earn a constant stream of revenue. Think of it like staking, but for a pathetic APY and low(ish) risk.

Most stocks don't pay dividends and are therefore ponzi scams now though.

>>52307976
I was waiting for this, finally you get to the dividend part of the argument. The thing is, money isn't based on anything either. You're gonna say it's backed by the government, but so are many cryptocurrencies. The difference being that governments just randomly print a bunch of money once in a while. Great backing you got there buddy.
>>52307975
Uh-uh. This is why investors buy shares, right?

>>52308008
Btw what I mean is that cryptocurrencies are backed by their governing body, not the government of the US or any other country,

lol @ crypto niggers talking about stonks, stay in your own lane it's embarrassing

>>52307972
can you disprove anything that I said? I'm the opposite of a lib actually. I advocate for private property but unfortunately even that is regulated by the gov. thats just how it is. If they need to seize anything you have they can and will. crypto not being regulated doesnt mean it is le bad, it just means theres no safety net like the other things that are.
>>52307980
the workings arent, the concept and interpretation is. but I really dont understand why you brought that up, I was talking especially about manmade society and rules, not nature
i think you just tried to epic own a chem eng major but you do you

>>52308071
Wait, what was your argument again? Stocks have real life value because they are regulated? Lol what? The ZOG being able to take away your shit is the opposite of a value adding property.

>>52307726
>Stocks are company's assets. And therefore they are directly tied to the company itself.
lol for private stocks maybe, publicly traded stocks are 100% speculative.

>>52308113
yeah? thats kinda how everything works nowadays. some numbers on my account say I have money so I have money. the paper on my wall says im an eng so im one. the ZOG wont randomly come for you if you are a normal person. do you still think buying crypto is your gateway to freedom and the promised land? I've been hearing that since 2010. just get in the line like everyone else and play their game, they already won

>>52306428
Because at the end of the day, Bitcoin is worthless and people need real money to pay taxes.

>>52307535
This is the usual cope of crypto tards.

No, investments on stocks, bonds and other assets with intrinsic value aren't the same as crypto.

A stock of a profitable company that doesn't pay dividends will never go to zero because it has real value and the majority owners (founders, funds, etc) that have significant voting rights provide a floor in stock pricing under which said company won't go.
And even if it does go to zero because of unprecedented market irrationality (literally the owners and the funds sell all their shares of said profitable company), you have will have just bought and taken control of an actual physical business for nothing.

A profitable company "going to zero" (impossible as already said but let's assume it happens) would actually be the best deal that could ever happen in your life.

A crypto going to zero leaves you with nothing and there's no real economic reason why it can't go to zero.

>>52308178
I am not titillated one bit about certain investments being based on something or not. Bringing it up when talking about stocks is idiotic, as they are no better than crypto.

>>52308201
Every investment ever requires an ever-growing amount of new money coming in to go up in value.

>>52307925
>if I cant eat it then it is worthless
Please go back to fudding silver in /pmg/

>>52308238
Honestly I think you're replying to a bot. That or someone with an irreparably damaged brain from listening to too many lectures by their Jewish economics professor.

>>52308238
the difference is that some investiments will generate value to cover for their costs and even grow. how does crypto generate value?
>>52308233
we're going to agree on disagreeing

>>52308335
>some investiments
lol sure.
A massive proportion don't.

>>52308343
so you laughed at what I said and then agreed with it? weird
I'm talking from experience. I own a business where the service that I offer (its a laboratory) pays for itself (rent, wages, reagents) and I still turn in a profit. do you think 90% of the business out there live on credit? I dont.

>>52306428
Because the Fed is raising interest rates. The 10-year yield is the highest its been in... 10 years. Bonds are therefore attracting investment again.

>>52308391
Some investments actually generate value.
ALL investments require an ever-growing amount of new money coming in to go up in value.

The former is a statement I never disagreed with, the latter is the point I made earlier.

>>52308436
right. i misunderstood what you said. i guess in the end its what this other anon said >>52308201
+ what I think. stocks are based on, most of the time, self sufficient business that should be risk free if you do your research before investing. cypto is by defitnition a ponzi since its a currency which is also a store of value, but its not based on a physical asset. its worth is defined by what people agree on.

>>52308514
Stocks without dividends and voting rights represent literally nothing.
Gold certificates represent literally nothing.
Derivatives represent literally nothing.
etc. etc.

>>52307035
people want to realize their gains and go on a vacation at the end of a school year so they withdraw now
multiply that by couple of million people around the globe and there you have it
you guys cant actually be a bunch of morons that put real money in and then look at the numbers go up on your computer screen and NEVER withdraw do you?
if yes, then thank you for holding my bags you dumb fks
at least withdraw it after you made your 1:1 so what you lose next is not really your money