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/biz/ - Business & Finance

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54416858 No.54416858 [Reply] [Original]

What do you think /biz/
Does this bet still make sense?

>> No.54416863
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>> No.54416875

>>54416858
As a publicity stunt it paid for itself within hours.

>> No.54416890
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>>54416863
2

>> No.54416897
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>>54416890
3
>>54416875
no doubt. I think his net worth is like 1 billion. I just cannot help but wonder, what's the point? he's already rich as fuck. Why make a stupid bet.

>> No.54416910
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>>54416897

>> No.54416919
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>>54416910
funds are safu

>> No.54416935

>>54416897
Because it was a golden opportunity of tradfi looking shaky as fuck, and BTC looking strong, to get people talking about BTC as a meaningful hedge to tradfi shakiness.
He could have spent $2m on ads, that would not have generated a fraction of the hype and discussion that these "bets" did. It was brilliant.

>> No.54416939

The guy own a bunch of bitcoins he’s up way more than a million since that tweet gone viral

>> No.54416962

>>54416935
>>54416939
I wonder if he's just a complete autist.
Like, he's seeing the absolute worst case as very likely, and underestimating the US gov's ability to kick the can down the road.
It remind me of the GME general. Yeah, there is a possibility of a large payout if there wasn't so much interference.

>> No.54417245
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>>54416858
>>54416863
>>54416890
>>54416897
>>54416910
>>54416919
>twitter screenshot thread

>> No.54417466

>>54417245
thanks for the bump.

>> No.54417528

>>54416858
Only an idiot would take that heads you win, tails I lose bet

>> No.54417541

>>54416897
>buy bitcoin
Not buying your bitcoin bags, fags

>> No.54417552

Bitcoin & The Stealth Banking Collapse | Balaji Srinivasan

https://youtu.be/G9ULrFN_lCI

>> No.54417792

>>54417541
not saying you should. Honestly, sell your bitcoin.
I'm talking about the bet itself. It seems crazy. Even more so now, since the banks seem to have stabilized.
I'm mainly curious on what's the reason behind the bet.

>> No.54417842

>>54417792
Just because they have managed to distract people doesn't mean the situation has stabilized. Just look at the US commercial bank outflows...
https://fred.stlouisfed.org/series/DPSACBQ158SBOG

>> No.54417881

When he posted that tweet, BTC was trading at $26K. Two days later it was trading at $28K. Balaji owns Billions in BTC

>> No.54417922

>>54417842
That's fair.
I guess the jury is still out on if the entire banking system is going to collapse. The Fed only has so many tricks, and they are in a bad spot lately.

>> No.54417960

>>54416858
It’s not gonna happen but 100k is definitely on the table

>> No.54418112

>>54417960
Within 90 gays??

>> No.54418127

>>54417541
you WILL buy bitcoin your RETARDED friends will buy bitcoin and you WILL do so at a much higher price

>> No.54418179

>>54418112
Do you not see the BRICS nations actively taking their shots at the USD combined with a regional banking crisis and CBDC on the horizon?

>> No.54418210

>>54418179
Well govt fud is not going to slow down

>> No.54419612

Any kick the can down the road when dozens of larger countries simultaneously say fuck the US and dump all of their US TREASURY holdings at the same time. What will happen? A terminal liquidity meltdown. Overnight. All financial services frozen. Then the FED buys them all back up with freshly minted shitcoin then hyperinflation.

>> No.54419637

>>54416858
>>54416863
>>54416890
>>54416897
>goes on an anti-semitic rant

Actually fucking cringe. Imagine thinking that banks are the problem and it isn’t a senseless war being fought in Europe. Literally who the fuck even is this guy.

>> No.54419649

>>54416897
hes holding massive BTC and probably longs. he;s legit trying to get people in. good luck to him and everyone

>> No.54419721

>>54419637
> criticizing central banking is antisemitism
I shiggy

>> No.54419758

>>54416897
>I just cannot help but wonder, what's the point? he's already rich as fuck. Why make a stupid bet.
>>54417792
>I'm mainly curious on what's the reason behind the bet.
you know he warned ahead of time about covid. so unless you are an anti-vaxx (which, you prob are) it's pretty easy to see he's doing the same thing here. he is warning you about something he thinks has a high probability of happening so you are prepared "just in case". make sense?

>> No.54419769

>have 6 gorillion shitcoins
>tell people you bet 6 gorillion that btc with go to 6 gorillion in 6 gorillion days
>bitcoin goes up only 1 gorillion
>but all your shitcoins pump hard
>>Oh no I lost the bet, here you go here's 6 gorillion
>sell bags for 600 gorillion

>> No.54419793

>>54419769
I'll simplify it
Same thing happened when Elon memed doge 2 years ago. He had huge amount bought prior and then generated hype. Remember saying "you can buy tesla with doge" and then like a week later going "haha jk"