/biz/ - Business & Finance

>>5338595
>lowest it will be

it's going lower.

sounds like a scam to me

>>5338595
>Normageddon
>Winter solstice 2017
>Nerver Fergert

>>5338595
It's already lower on coinmarketcap

OP is outdated...

>>5338595
No one is buying your bags anon

It’s going lower

>>5338595
If anyone is stupid to stay around for this, realize it's going to take months if not a year to just break even from this. Normies are pumping basic bitch coins up 10% and selling off to regain losses. The resulting sell off is then pushing it down lower. Get out before you get gutted by these stupid fucks.

rebounding right now. bought in at LTC and BTC lows, let the gains roll in

>>5338595
Thinks it wont go back to 2014 levels

>>5338595
It's already sub $13,000 on exchanges. Won't be longer before it goes under 12k.

Bitcoin is dead but blockchain still has a future. Remember the internetbubble. Google/Amazon flew out like phoenixes to the sun.

Buy good products and you WILL get rich from it in 10-20 years time.

>>5338772
Be ready to resell that shit in 10 minutes if you want to see any gains.

>>5338841
honestly most of it going into alts lol

eth moving back up could be a head fake

>>5338820
>Buy good products and you WILL get rich from it in 10-20 years time.
But what kind of products are these coins to begin with? What the fuck were we paying for? Access to these exclusive things the devs gave themselves millions of?

At least with stocks we get dividends and a stake in something real, but what were the coins actually of use?

>>5339032
You're betting which currency is a better replacement to fiat. How you go about choosing which one is better is entirely up to you and what you value in a currency.

>>5338926
Good luck there. The only issue I see is by the time you buy, trasact and get your alt. The BTC and LTC you bought have shifted almost 5-10%

>>5339103
But what if hoarding led to uncontrollable increase in cost? Couldn't a developer just copy+paste a new currency at any time?

The fuck are we buying?

>>5339032
Depends on the coin. ETH/NEO/LISK gives you access to a supercomputer basically and the coin is the currency to pay for calculations being done decentralized.

Having stuff done decentralized DOES add some value and opens up markets that were impossible beforehand.

Sure Bitcoin/dogecoin don't add any actual value but there are tons of alts that actually add value to society and will probably dominate in the future.

Amazon and Google were both viewed as shitty companies after the crash and look were they are right now. "Overambitious" was a term that was used a lot.

My biggest mistake was buying amazon stock at $30 a pop. Watching it grow to ~$100 and then selling it for $5 after the dotcom bubble burst since I thought it was just garbage after all.

It's now at $1200 a piece.

There WILL be some alts right now that will experience similar growth in the future. Perhaps they are even ridiculed right now like Amazon/google for being to ambitious. (LINK?) (REQ?) (ARK?) (FUN?).

Of course I'm not a fortune teller so I don't know which one it'll be. But they'll be out there. Blockchain will have a big effect on our civilization in the future.

YOUR FAVOURITE ALL TIME CLASSIC ON TODAY
"BITCOIN ON THE MOON OR HOW THE JEW STOLE CHRISTMASS"

thank fucking god, was so sick of new ATHs every god damn day. time to buy this delicious dip.

>>5338595
SHITCOINS BTFO

>hordes of normies are getting JUST'd good right now

>>5339103
>You're betting which currency is a better replacement to fiat. How you go about choosing which one is better is entirely up to you and what you value in a currency.
Why on Earth would you want to replace the USD, that's literally as subversive kike as it gets

>>5339167
Hoarding isn't what did it.
It was people speculating and not buying it to transport wealth or use as a currency. The benefit of crypto is it cannot be counterfeited, cannot be stolen if secured properly, and transacts faster than any fiat system. Whether or not more can be made is up to the various currencies and how they are managed in their protocol. It is up to you to choose which is best and why. Be it BTC, LTC, BCH, XMR, or even XRP it's up to the individual to choose which currency best suits his or her needs.

Only right choice. They want to be the new Paypal and have the right backing for it

Can we all relax? This is a big correction, sure, and will probably go lower, but Europeans and maybe some early Americans have woken up now and that probably accounts for the setback

>>5339628
Because USD is inflationary and does not store wealth over the long term due to inflation. Also rather than letting the subversive kike central bank control money and how it moves it is entirely in the hands of the people who choose to use that currency.

>>5339628
>>5339759
Also, you do realize that was the goal of cryptos all along right? To create a global currency that was immune to the meddling of central banks and the global elites.

>>5339759
NOBODY stores their wealth in cash, where the fuck did this meme come from?

>>5339759
Cryptocurrencies have a bigger problem though. They have DEFLATIONARY problems.

USD only has a minor inflationary property (Which is actually economically proven to be beneficial for consumption).

Ever heard of deflationary spiral? It's what brought the Roman republic to its knees and gave Caesar the opportunity to grab power by promising to fix the deflation and is the cause of Rome becoming an dictatorship.

Look at the Japanese economy since the late 80s. Deflation fucked them in the ass.

People without a background in history or economics always act like inflation is evil and deflation is good but it's not that black&white. Inflation between 2-5% provably the best for the economy looked at examples from all over history. Deflation ALWAYS led to economic contraction and was usually one of the reasons for the collapse of the empire/kingdom/union. While inflation almost never caused a nation to collapse instead they just changed government and mined a new currency (Zimbabwe,Nazi germany, Kingdom of Castille).

Am I having fun yet?

>>5339985
>People without a background in history or economics always act like inflation is evil and deflation is good but it's not that black&white

this

Inflation is only bad if you keep your money in cash, which is retarded in the first place.

>>5339985
>>5340056
You do know that deflation in the Roman Empire only happened because people and wealth were GTFO'ing right? Deflation was an effect, not a cause. It was a result of poor credit dissolving, not of a money supply stagnating or decreasing.

In fact, more strife was caused throughout the history of the empire via inflation and counterfeits than by deflation.

https://mises.org/library/inflation-and-fall-roman-empire

>>5339868
>Also, you do realize that was the goal of cryptos all along right?
Of course they don't. They got into crypto this year because it goes up :^)

>>5338595
Yeah, now is the perfect time to buy.

Anyone who actually does it deserves nothing but poverty for the rest of their lives.

>>5339868
unless you're actually a dev how can you be sure that the same thing wouldn't happen with backdoor code?

>>5340661
You do know that most crypto's are completely open source right? There is no tying into some closed source code of any form.

>>5340732
I can upload code and then say that the stuff you're using is that

I am buying, buying, buying right now. 13k is a STEAL.

>>5340755
That why compiling from source code and checksums exist you moron, which is the literal definition of open-source. A software isn't open-source if it doesn't allow you to directly compile it yourself.

>>5340661
Holy fuck you are stupid

>>5340834
>>5340821
now you know what conspiracy theories sound like

>>5340880
>hurr durr I was only pretending to be retarded

>>5338595
$3000 in one month

>>5340906
>hurr durr the banks are the jews the jews control everything

>>5339985
Far more important than the level of inflation, which really only matters inasmuch as it interacts with the plebs' money illusion, is a stable trend in the price level. Exactly what every cryptocurrency fails hardest at

>>5340329
hyper-inflation, anon. that happens when governments hyper-inflate their currencies without considering/knowing the consequences

we're not living in the iron age anymore lol, central banks nowadays don't hyper-inflate their currencies without good reason because they know what can happen.

only the financially illiterate get fucked by hyper-inflation nowadays, because its obvious inflation is coming if you pay attention. hell, governments even announce it, like when US government decided to do QE.

besides, its not like anyone wealthy keeps all their money in cash, only niggers do that

>>5340880
>>5341009
What conspiracy theory? That central banks print money willy nilly causing your cash to be worthless? That central banks fuck with interest rates that cause huge market distortions?

That's not a conspiracy theory, that's just data and non-keynesian economics. Whether it's through malice or plain ignorance the effects are just the same in creating a world with fucked up currencies and financially distorted economies.

>>5341009
You're not wrong nigger

>people thought the bitcoin bubble wasnt gonna pop

hahahaha

buy low

>>5341238
>he thinks this is low

Yes, max out the credit cards.

>>5341090
>What is venezuela

If people should just keep all their wealth in something that doesn't inflate, then what is the literal point in having the inflating currency in the first place? Why don't people just get paid directly in Gold or Stocks since they are just going to turn it into one of those anyways?

If the only reason they don't is that they are hard to divide and transact with others, then you have done nothing but solidify the entire initial purpose of Bitcoin which was to be infinitely divisible and easily transactable, making it a more perfect currency.

>>5340800
Is it really though? You're buying a coin that costs $100 to send within a day. That's batshit crazy; you deserve your future losses.

it'll go lower. wait a few days

>>5339273
ETH gas price is hella high and the gas limit is stuck at 8M. Only the most valuable apps will run on ethereum, and everything else, including transactions, will get squeezed out.

>>5338595
>Its time to go balls deep in Bitcoin

lol no
I'm not even going to glance at BTC until it hits $5k
it's got a ways to go

>>5341129
>>5341142
>the jews they did itall!!! the oppressed are really the oppressors hurrr bluhduurrrrr

>>5341286
The value of a US dollar changes less than 2% a year relative to consumer goods. Gold and equities can change by more than that every day. No one wants a 50% paycut in two days and no employer will take the risk of multiplying his wage bill by 20 in a year, as they would if wages were in Bitcoin instead of real money

>>5341286
>he thinks the US economy is the same as Venezuela

Venezuela got fucked because 50% of their GDP and 95% of their exports are in heavy oil which wasn't profitable to produce when oil prices crashed.

Inflation stimulates economic growth in the short term, so central banks exploit this by having constant low inflation. There is utility in being able to manipulate the money supply, so central banks will keep doing it.

Cash is not used for preserving wealth, it hasn't been since we went off the gold standard. Cash is for liquidity only

>then you have done nothing but solidify the entire initial purpose of Bitcoin which was to be infinitely divisible and easily transactable

so is fiat, except fiat is far more easily transactable, far more stable, supported by governments, and supported by existing infrastructure

>>5341528
Lmao get triggered ancaps this is why your garbage crypto currency will never actually be useful as a currency

>>5341286
Hyper-inflation wasn't the CAUSE of Venezuela's economic crisis, it was the result of oil prices crashing. Inflation was the SOLUTION Venezuela used to keep their economy afloat in the short term while they restructure their economy away from oil dependence.

Ethereum is resilient as fuck. Is their technology better than Bitcoin? They have the Steve Jobs of crypto after all.

>>5338595
>whales finally cashing out off the ponzi

>>5341785
>Is their technology better than Bitcoin

I honestly can't name a single cryptocurrency that DOESN'T have better technology than bitcoin.

>>5341456
>literally takes two seconds of google search to know this
Are you even trying, nigger? Here's your (you)

>>5341770
Inflation has not helped Venezuela grow. Higher than expected inflation (not high inflation qua high inflation) can cause movement towards full employment, but that's it. Venezuela's important problems are all on the supply side and are mostly caused by excess regulation and comically inefficient state management of business

>>5341528
The only reason that is is because the trading volume of the USD is extremely high due to being used EVERYWHERE, not to mention it does rise and fall by many percentage a day when compared to other currencies. Comparing JPY, CND, or EUR to USD makes the two look extremely volatile but it hardly looks that way to the observer who only ever lives in a place that lives and breathes on one of those currencies. If Gold was a currency used by some country, you could make the exact same argument for it, you could make this exact same argument for literally any currency from the perspective of the country it's used in.

>>5341635
>except fiat is far more easily transactable

Wrong, last I checked wiring money still takes 24+ hours for pretty massive fees. Credit and Debit cards still take 2-3% fees every transaction.

>far more stable, supported by governments, and supported by existing infrastructure

This is nothing to do with the currency itself but the fact that the entire economy has been built to revolve around it. It is not an immutable system in the presence of a better alternative.

>>5341770
Are we talking about the same Venezuela that has people literally wiping their ass with their cash because it is worth less than toilet paper?

>>5341901
Comparing USD to a basket of goods and services available in the United States, the price that actually matters, makes it look very stable. Not just day to day but over the long term; you know the average price of all the equivalent goods at the store will be about 2% higher next year than it was this year.

>>5341901
>If Gold was a currency used by some country, you could make the exact same argument for it, you could make this exact same argument for literally any currency from the perspective of the country it's used in.
When gold was used as a currency it was not like that at all; in the very long run the price level was approximately stable but year by year it varied wildly and unpredictably, causing many deflationary depressions in the century prior to 1929 in addition to the Great Depression itself

>>5341881
>literally googles for 2 seconds and thinks they know everything
you love the attention don't you

>>5341884
Inflation allowed Venezuela to survive their economic crisis, its not about growth. Without the ability to print money they probably would've collapsed completely.

>cause movement towards full employment
Exactly, it allows them to lower unemployment in the short term. It's a short term effect, sure, but the alternative is total collapse - they won't survive to see the long-term.

>Venezuela's important problems are all on the supply side and are mostly caused by excess regulation and comically inefficient state management of business
This is true to a degree, however the economic crisis was due to oil prices crashing. 50% of GDP and 95% of exports based on petroleum

>>5342004
Mostly as a result of more of it being mined. It's not the deflation itself that's the problem, it was the instability of it due to the supply being tied to a physical element that could be acquired through lots of digging.

Bitcoin avoids this by having never having more than 21 million exist. Deflation happens naturally through loss of coin and rate of innovation, which are both slow, relatively stable processes.

>>5341901
>Are we talking about the same Venezuela that has people literally wiping their ass with their cash because it is worth less than toilet paper?

you still don't get it lol

Venezuela didn't hyper-inflate because they just felt like it. They did it because oil prices crashing wiped out most of their economy, and hyper-inflation was the only thing they could do to prevent a total collapse.

Inflation was a TOOL to survive in the short term, so they can restructure their economy away from oil dependence.

>>5342189
>thinks that oil crash ruined Venezuela
No, my dear economically illiterate friend, socialism ruined Venezuela, and inflation is the consequence of socialist practices and populist spending.

>>5342160
Econ 101 equation here: Real GDP * Price level = Velocity of money * money supply. Since velocity and RGDP are both volatile a stable money supply will lead to a highly UNSTABLE price level, ie lots of years with high and very low inflation. And since RGDP increases exponentially a fixed supply of money implies incredible deflation beyond anything in economic history. 2-3% per year every year is way better, easy to account for when making business decisions, makes the innumerate majority feel good when they get 1% nominal raises and thus limits the spillover from nominal to real shocks, it's just a great place to be in general

>>5342289
It is not everyone who wants to be a statist cuck and fucktoys for the FED, anon.

https://youtu.be/DWHhuFhQM50

It was nice knowing you guys.

>>5342247
Compare pre oil crash Venezuela to post oil crash Venezuela. Both are socialist

>>5342372
Socialist countries will gradually get worse for the majority of the people, no matter what else happens, that is just how socialism works, until everything implodes and a new system is forced to emerge before everyone dies.

>wake up, first day of winter break in yurop
>70% in kmd
>folio up 10% since yesterday
>enjoying a comfy coffee while laughing at Pink Wojaks

>>5342247
Socialism and oil crash aren't mutually exclusive

Does socialism cause inefficiency and stifle economic growth? Sure
Does oil prices crashing cause massive unemployment for an oil producing country? Also true

Are you seriously saying that an oil crash will have no effect on a country with 50% of its GDP and 95% of exports in oil?

>>5342481
Oil price declines didn't cause famine conditions in 21st century peacetime in Qatar or Mexico or even Nigeria. Only socialism can do that

>>5342434
I'm not denying that, but thats not mutually exclusive with an oil crash

both causes problems for Venezuela, socialism sucks sure, but you can't deny that an oil crash won't cause shocks for the Venezuelan economy

>>5338595
Ripple is beautiful. Everything crashing and burning and its just like "hey guys, something wrong?"

Pretty good thread with an unusually high amount of educated comments (for /biz/ standard).

Except for: >>5342247
>>5342339
>>5342434

Which is either a troll or an uneducated conspiracy theorist. Betting on both.

>>5338820
Already at 14k and burgers are just waking up. You have weak fud skills.

>>5342531
Qatar isn't nearly as dependent on petroleum as Venezuela is. They are quite diversified in comparison. Besides, their petrol is higher quality and cheaper to produce.

Only 27% of Qatar's exports is petroleum, compared to 95% of Venezuela's pre-crash.

>>5338595
>Lets go balls deep in to this dying bloated coin.

No, fuck you. Im not propping up your bags.

>>5342669
Socialism, of course, is the reason a country that used to be the richest in South America now only produces one commodity

>>5340623
Mfw still recycling 1 mil in profits back into BTC, LTC, eth during these drops.

Stay poor, poorfags.

>>5342548
Its also a depreciating coin by design. Its fiat. Which is why the banks love it. They can just print more when they need it and you have to borrow it.

>>5342548
>>5342720
Oh, you poor things. You'll be joining us soon enough.

https://twitter.com/KiaBeah/status/944064640094523392

It's over boys, we survived. You didn't panic sell, did you?

>>5342748
>It's over
>Now is the best time to buy in ;)

>>5342481
>>5342542
Long term socialism will make life so hard for entrepreneurs and innovators that they will either leave the country or just give up and become employed by the government.
Those that already own big businesses will either be on bed with the government or liquidate their assets and run.
That will make the economy less diverse, leading to the insanity that was the Venezuelan economy, entirely dependent on exporting raw resources to keep things afloat.
Such a fragile economy will always implode, because it is impossible for socialism to adapt fast enough to keep up with the changes.

>>5342568
Fuckoff, socialist scum, you are not welcome here.

>>5342748

Skipping through the tulips anon

>>5342738
That is a funny conversation. But no, I wont. I came to crypto for more than pumps and get rich quick schemes. If i wanted depreciating money, id just cash out.

>>5342703
true, maybe socialism was the reason Venezuela became so dependent on one commodity, but again, that's not mutually exclusive with an oil crash

I really dont get it why people would sell on a day like this? Why is the majority of pople just mentally retarded? WHY WOULD YOU EVER REALIZE LOSSES?

This fucking market is here to stay. If you cannot hold an investment for at least 5-10 years and can handle the volatility, please leave. I cant see it how all those fucking brainlets are whining around here "IMMA GONNA KILL MYSELF" Jesus fucking christ, you can you be so degenerate?

I bought the dip and already up ~ 20% on those positions.

>>5342785
I'm the reverse of socialist, Libertarian. Read a fucking book dumb troll.

Holy shit, look at the red. How the fuck am I even still up 110% this week? This shouldn't be happening.

What the fuck is HempCoin and GameCredits?

>>5342850
>calling himself a Libertarian
>don't understand basic economy
>wants the FED to sodomize him and violate his natural rights
You are a joke, go away socialist scum, we will not fall for this false flag.

>>5342785
I'm not disagreeing with you on socialism lol, socialism sucks, we can all agree on that

just the constant muh commies argument people use when talking about the Venezuelan economic crisis is too one-dimensional

>>5341901
>Wrong, last I checked wiring money still takes 24+ hours for pretty massive fees. Credit and Debit cards still take 2-3% fees every transaction.

The fees are still low compared to Bitcoin's transfers and there are services (like MoneyGram) that does money transfers besides banks and are much faster than even Bitcoin.

Why are you ignoring common, day-to-day transactions? Those have zero transaction fees. Bitcoin has transaction fees even if you're transferring Bitcoin to your next door neighborhood.

>>5339407
>hear normie friends talking about how much they put into BTC and ETH just this week
>mfw right now

>>5342920
>They did it because oil prices crashing wiped out most of their economy
Their economy was already suffocating, the crash was just the final nail on the coffin. Imagine that you steal most of your kids clothes during the summer to buy cocaine, leaving them only with their underwear. Oh, look, they are doing fine, got a healthy tan and are playing happily all day! Then winter comes and they freeze to death. What do you blame, the change of weather (which is predictable and always happens) or yourself for taking away their tools to deal with it?

> hyper-inflation was the only thing they could do to prevent a total collapse
They could have done literally nothing the first time, and allowed things to correct themselves. Things would get worse before they could get better, but at least they would be on the right track.

>Inflation was a TOOL to survive
Inflation is a tool to keep narcissistic dictators on power and to heavily tax a population without publicly admitting it.

>>5339985
>t. nocoiner with 2011 arguments
Bitcoin is in an inflation phase for a few more years.
Ethereum will have inflation trending infinitrly towards 0.
Inflation in cryptocurrencies come from new crypto projects. It's incredibly short-sighted to assume cryptocurrencies will be a one winner tale all and that governments will use existing cryptos as a replacement of their issued money. This would never happen unless the concept of a nation-state itself collapsed.

What is more likely: a governmental pivot towards tokenizing their economies, and ultimately their local currency. They will retain control of their inflation policy, with improvements in transparency and efficiency.

Even that is an intermediary step. The school of thought assuming we need permagrowth and locust-like consumption to keep society rolling is dying out, both at an individual level and from the higher-ups. Many hold to the mentality simply because we're psychologically adverse to change, but the whole point of decentralized networks has always been to invent new governance by taking back some level of economic agency.

Barring massive civil wars and social unrest (which is a possible scenario; certainly, major players are doing a lot to make this happen), there's a limited lifespan on bilderberg style government. Old money will infiltrate new networks, like what happened with the internet; but the more decentralized, the harder it is to corrupt entire systems from the top. Hiding the truth became one order of magnitude harder with the web, it'll go another order of magnitude with decentralization. So while it's easy to lie to the public, the number of potential influencers with access to information and differing goals rises exponentially. Good luck putting the devil back in that box! Provided we still have presidential elections 20 years from now, Trump's victory will not seem like such an outlier.

>>5342568
Lmao, you didn't read up on what happened in Venezuela. They funded all of their social programs with the petro money and didn't even consider the scenario where the oil prices would drop. When the oil prices tanked, the government seized businesses left and right and instituted price controls in an attempt to fix the mess they've created. But I know you're going to say: that's not real socialism!

>>5340800
>It's a steal
No, it isn't. It was less than 5000 two months ago and normies are now realizing that they should probably hold coins that are more efficient for transactions, not to mention they can buy multiple whole coins for that price.

>>5343124
I'm glad the conversation has gotten back to inflation, which was the original point of my posts

>Inflation is a tool to keep narcissistic dictators on power
in other words, they survived

The country survived and is now slowly recovering. Had the government collapsed completely it would've been full blown civil war, which would have been FAR worse than a economic crisis. Instead, through inflation, they BOUGHT SOME TIME, to restructure their economy and now they are slowly recovering.

Inflation is a useful tool for governments to stimulate economic growth in the short term, without the ability to manipulate the money supply they would not have survived a crash.

>>5338595

It took over a week when it was 2014

This is only the beginning chump

>>5343327
> Implying those socialist cucks aren't using this window to cash out and move to some island in the Caribbean.

>>5343327
Except, no. Expectations of very high inflation in Venezuela are already priced in, the actual high inflation does nothing to help the Venezuelan economy. This Phillips curve bullshit was discredited in the 70s; learn some rational expectations macro

>>5343356
>comparing 2014 to 2017 which is a completely different situation and context
>unable to distinguish different situations

Way to stay poor

>>5343381
which goes back to what I was saying earlier

If you are financially literate, you won't be hurt by hyper-inflation, because you'd be aware enough to see it coming. If you had any sense, you would've transferred to safer assets well head of time. Only niggers who keep their money in their mattresses get fucked.

So what caused this one

>>5343664
Bitcoin cash hitting coin base and normal fags being hyper retarded thinking the bitcoin market got flooded to hell.

>>5343386
>learn some rational expectations macro
implying rational expectations isn't taught in basic macro at the same time as Philips curves

not every actor is rational and forward looking, the average wagecuck surely isn't, and that's why it still works

>>5343914
ALso the news that crypto will be cap gian txaed

Also that a correction can be a self fufilling prophesy

>>5341754
Yes it will, all the big accounting firms have been producing reports on how blockchain technology can be implemented for business

>>5343386
and also priced in to what? foreign exchange? sure

but the low level actors in the economy like your average corner store or barber or whatever can't respond as fast, and that's why it still works domestically to some degree.

>>5342247
Venezuela is capitalist. Same with Greece.

>>5338595
>this is the lowest it will be for almost ever
>identifying denial phase for dummies

>>5343327
>The country survived and is now slowly recovering.
It is not recovering: https://tradingeconomics.com/venezuela/indicators
>Had the government collapsed completely it would've been full blown civil war, which would have been FAR worse than a economic crisis.
No, it would not, you already have citizens being sent to work camps, disappearing and everything else: http://money.cnn.com/2016/07/29/news/economy/venezuela-decree-farm-labor/index.html

>Instead, through inflation, they BOUGHT SOME TIME, to restructure their economy and now they are slowly recovering.
No, they stole everything from the population and used the resources to stay on top.

The central fault on your logic is that it is immoral, you are saying that it is alright for the elites to perpetuate their power by stealing from the majority, because they somehow "know what is better". Those same elites are the ones behind every major crisis and perpetuate the boom/bust economical cycles that get more and more devastating.
Keynes was wrong and that shit has been proven to not work in the real world, procrastinating the resolution of a problem just to end with a bigger problem is not a solution.

>>5344028
No one is biting, son.

>>5343947
Did the irs make an actual statement for once?

>>5344527
it was in the Tax Bill

>>5344160
Unemployment rate is better than they were at the height of the crisis. Slightly worse compared to last year? Sure. But not surprising when considering the sanctions placed on them by the US this year.

>muh elites
your central argument seems to be "the elites are manipulating the normies therefore inflation is evil"

I don't really care about the normies. All I'm saying is if you are financially literate, you will see hyper-inflation coming and move your assets out ahead of time. If you're not a normie or a nigger you won't be hurt by inflation

https://media1.tenor.com/images/a220cf2ed2d5ccb5d797f5bcdfa5b526/tenor.gif

>>5344160
>they stole everything from the population and used the resources to stay on top
>it is alright for the elites to perpetuate their power by stealing from the majority

When did this turn into /pol/? I thought this board was about personal finance?

Only retarded normies get manipulated by the "elites", if you are financially literate you can personally profit if you see what the "elites" are up to and plan ahead of time.

>>5344091
This JUST hit major exchanges with futures and the way for an ETF is paved.
This is not the crash yet.

>>5344795

OK, so we already established that you are immoral, therefore, this becomes an utilitarian debate.

Inflation really fucks people going for long term investments. The mad printing of money creates all kinds of bubbles and market distortions, which forces you to always be jumping with your money from place to place just to not be screwed.
That means that not only you have to worry about dedicating time and resources to be good at your chosen craft, but you will also have to devote a lot of time just to keep what you have.

>stocks
The whole USA is on a fucking bubble right now, so daily trading is a must, no matter your position. Who the fuck knows what will happen when that shit explodes.

>real estate
2008 is going to happen again, since the main issue was not solved. Owning more than one cheap property were you actually live is a fairly terrible idea right now.

>bonds
Get the fuck out of here with those returns totally destroyed by inflation.

>investing on a business
Will force you to dedicate ridiculous amounts of time, specially if you have another thing going.

>crypto
Helicopter money is one of the reasons why this market is more gambling than investing.

>funds
That shit is so fucking taxed and their cut is so big that you would probably be better served just buying fucking gold and bullets.

>Only retarded normies get manipulated by the "elites", if you are financially literate you can personally profit if you see what the "elites" are up to and plan ahead of time.
You are either extremely naive or actually retarded if you think that you can beat insiders and their resources just by being hurr durr financially literate.

The amounts of time required to just understand what the fuck is going on with the market when you have inflationary distortion is insane, and detrimental to everyone but the millionaires or those with deep ties to the government. Instead of being productive and becoming better at what you do, you have to study bullshit.

>>5339740
DONT TELL ME TO FUCKING RELAX

It's not even low.

Relax, it's not going below $10k so no worries.

>>5345172
The US isn't going through hyper inflation and wont be anytime soon. Even when 2008 happened and they had to print money to get out of the mess, it was obvious QE was coming and it was even announced.

All I'm seeing from you is normie tier arguments about muh elites, and how everything is a manipulated bubble that will crash any minute now, so I'm just going to end this now

I've made all my money from business and investing, the longest I've worked a proper "job" was a summer job when I was 15. Inflation really doesn't bother me, and if it bothers you, then by all means put your entire portfolio into cryptos. I'll just continue to keep less than 5% of my portfolio in bitcoin and carry on doing what I do.

finally, now I can buy in
LMAOing at all you fags that got scammed!!

>>5345554
>ohhhh /biz/ look inflation is good OK people would be worse without it
>show him how much inflation fucks everyone
>ohhhhh fuck those normies /biz/ inflation won't hurt you if you just educate yourself a little
>show him how much productivity is wasted thanks to it
>ohhhhh /biz/ look he is just a normie look at me I got a summer job and then made all my $10K from business and investing my salary, 1000% in five years , going to the moon right xD~
Ok kid, you can keep being poor, uneducated and deluded.

>>5345723
>being this assblasted someone disagreed with him

>>5345554
20 trillion and a small hamburger costs 6 dollars.

isn't this the same as the september bear market?

the few differences i can think of now si alts holding a bigger share of the market and there are more normies that panic sell after having bought at 19.5k$

>>5338595
didn't this happen this may or sometime around then? im a no coiner but i dont see what the fuss is about. If you invested around mid year you should still have significant returns. Bitcoin bubble is nothing like before.