/biz/ - Business & Finance

Always has been

>>57609447
I cant wait to dump on these faggots

>>57609447
It’s Chinese new year. This happens every year. Eastern buy pressure isn’t there so the western paper markets smash it to make it look like a bad (((volatile))) investment. Good time to buy. You’ll see after Feb 17

This is THE sell signal.
Why so soon tho?

>>57609447
Gold is backed by reality
Bitcoin is backed by nothing

>>57609611
>this is THE sell sign, for real this time goys

>>57609664
Bitcoin is backed by the same thing fiat is backed by- faith.

>>57609685
exactly, nothing substantial

i own both

>>57609611
this is literally THE buy signal
there will be no crash because boomers will just buy up all dips

>>57609664
Bitcoin is backed big the biggest and most robust computing network on the planet, which can now be inscribed upon. Whatever your holding is going to zero

>>57610005
>he thinks the boomers liquidating their millions of dollars worth of fantasy derivatives into a fantasy coin(BTC) is bullish
Some people deserve to have nothing and sit in a bread line.

>>57609447
Bitcoin is backed by neets

>>57610050
Its not backed by anything, you horse nigger

>It's backed by NOTHING

Midwit take

>>57609664
lol boomers are sooo fucking delusional it's become hilarious

>>57610092
"backed" means you can exchange it for something of value
you cant, its literally just a fucking horseshit token

>>57610109
tell us more boom boom

>>57609703
>>57610087
>>57610109
It doesn't matter what it's backed by, people will buy regardless

>>57610109
Low IQ

Have fun staying poor

>>57609447
LIFE IS GOOD LIFE IS GOOD LIFE IS GOOD LIFE IS GOOD LIFE IS GOOD LIFE IS GOOD LIFE IS GOOD LIFE IS GOOD LIFE IS GOOD LIFE IS GOOD LIFE IS GOOD LIFE IS GOOD LIFE IS GOOD LIFE IS GOOD LIFE IS GOOD LIFE IS GOOD

Now i can sit and wait to sell and buy $LRDS

>"Store of value" as some sorta valueless speculative investment

always delusional

Go buy some bottomed out hard currency like a couple tons of copper

>>57610116
It doesn't matter what fiat is backed by, people will work their whole lives away for it regardless.

>>57610087
What's gold backed by?

>>57610143
Yes exactly

>>57610150
are you retarded, nigger?

Does anyone have a link to this chart?
Huge if true.

>>57610150
Yes exactly

>>57609664
The value of BTC is backed by the reality that it's a better and more convenient value store than gold. You can't give me any guarantee that a massive gold deposit won't be found tomorrow which crashes the market value

>>57610432
most gold has already been mined
its the most sought after commodity over all of human history, anon

>>57610432
>what is mining AISC

>>57609664
>computers aren't real
>electricity isn't real
>software is fake
Is everything hosted on the cloud fake too? Are we all just hallucinating using the Internet?

>>57610570
try harder pajeet nigger

You dumb boomer rock baggies really don't get it do you?

Bitcoins value comes from it's stock to flow ratio which is unchangeable and guarantees it becomes more scarce than gold and houses over time. What do you think "backs" the value of a house? It's NIMBY rules that make houses artificially scarce, and those rules can and will change. Same thing with ETH and other shitcoins, when it really comes down to it they will change to code to print more tokens. Gold is "backed" by scarcity which can be changed by mining technologies and deposit discoveries.

>>57610660
Stay mad gold bug. Gold is a useless metal outside of very niche applications in electronics. It's doesn't corrode, is shiny and yellow like piss. Those are the only reasons why you and your fellow gold bugs worship it and hoard it. Like a Neanderthal, you think that if you can't see it, it doesn't have value and doesn't exist. Should have been born millennia ago. Then you might actually make a convincing argument.

>>57610728
>>57610799
Can Bitcoin be used physically?
Exactly

>>57609685
Major currencies are backed by major governments which still are by far the most powerful entities on this planet.

>>57610462
good luck with your rocks kiddo

https://theprint.in/opinion/giant-asteroid-has-gold-worth-700-quintillion-but-it-wont-make-us-richer/260482/

>>57611052
Was gold used physically from 8000 BC to 1500 AD?
>b-but you can make jewelry out of it
Oh, so it has the same worth as seashells and beads.

>>57610799
all national banks in the world hoard gold, you stupid crypto nigger

>>57611087
They don't get to decide the value of their currency

>>57611111
Digits say BTC to infinity.

>>57611124
Gold isn't digital, cannot be money anymore, is inflationary, will go to zero with sufficient technology, gold is a dead end, only for very stupid people or very old people that can't cope with their death or changes

>>57611124
Only proving that they're run by boomers with cro-magnon level intelligence and are doomed to collapse once their generation dies off. We live in a world where zoomers are millenials trade CSGO skins, some of which are worth more than your entire gold hoard. What happens when they start getting into positions of power? Good luck with your shiny piss-colored rocks.

>>57611179
gold isn’t inflationary retard it is literally the most deflationary metal known to mankind it’s not “digital” because it is a physical asset that has inherent value unlike your shitty magic internet money which doesn’t actually exist gold has been a store of value for 8000 years digital gold and gold itself are not interchangeable you imbecile your wife would have understood that if she spent less time sucking my honey badger cock

>>57611111
load ze asteroid fud

>>57611155
Did I say the do? They do to some extent though, but mainly they guarantee its usefulness and stability.

>>57611206
>horses were a mechanism of travel for 7900 years

adapt with technology or die, simple
as

>>57610225
Can't answer bc you're an idiot. Kek

Bitcoin is inflationary. Nothing says that the block limit won't be lifted.
Also mit Bitcoin miners are registered and are going to prevent your transactions off you don't do what the US government wants. They are only going to mine compliant blocks.
>Inb4 rebel miners and you just have to wait a bit longer.
No, the government controlled miners will only mine their compliant chain and not accept any chain with rebel blocks, hence are not going to continue mining such chain.
So Bitcoin is 100% globohomo controlled.

Hail XMR
Hail Silver
Hail Gold

>>57611312
astonishing display of retardation, extraordinarily low iq post

>>57609447
Ever think all of crypto could be designed to drive money out of metals into digital crap before the great reset where currencies get repeated to gold and are priced exponentially higher to soak up all the trillions in debt? It’s a hypothesis.

>>57611300
No they don't, if they could guarantee it currencies would never collapse yet they do and the dollar will go to zero, shut up faggot

>>57611347
*re-pegged*

>>57611307
no because its hard to beleive a retarded nigger like you exists

>>57611347
Maybe but when you need conspiracy theories in order for price action to make sense it's usually cope. (See XRP and silver schizos)

>>57611347
that's what happening
when blackrock entered the game it's a trap for the goyim, maybe in the next 2 or 3 years it goes good, but in the long run this isnt going to end good for the goyim, i dont know what larry is going to do with his 80k btc but this is not good

>>57610087
horse nigger lmao what

>>57611371
90%+ of use and value of gold is monetary, it will be funny when that goes away

>>57611347
>>57611398
Gold is inflationary and has no cap, not digital, shut up permanently fat faggot monkeys

>>57611371
>gold is useful that means ppl should hoard it
how about ppl use bitcoin instead and then there will be more gold for ppl to build shit with?

>>57611206
That is pretty high level of denial, see how the gold supply keep and will keep increasing as technology progresses, imagine wanting a currency that isn't digital, wake up or die rotten brain

>>57611413
actually, its mostly jewellery, you stupid nigger

>>57611470
Lmao...imagine investing in trinkets for human femoids when we're going to have robot girlfriends. Gold is on the way out and so are roses

>>57611470
50% of the market cap of gold isn't a consequence of jewellery monkey brain faggot, have you try thinking for once

>>57611350
major currencies don't collapse, that only happens with meme economies like in Africa or south America

>>57611470
lmao wow great use case, fancy rocks you can wear

>>57611504
lmao tell that to rome

>>57611516
actually wearing gold and drinking out of gold is very healing, same with wearing copper

>>57611206
>gold isn’t inflationary retard
supernova goes brrr

>>57609447

FAKE NARRATIVE

nobody's selling their gold bullion/bars

>>57611525
based, I wear a gold chain for that reason but still see it as a massively abundant resource that can’t hold value in the future

>>57610087
Stay poor, retard

>>57611525
i mean people with money buys them maybe it has its benefits

>>57611596
im not poor

>>57611670
If you don't have bitcoin you are poor

>>57611684
laughable nonsense

>>57609664
Bitcoin is backed by civilization. Just like gold was.

>>57609685
Gold is nothing but faith.

>>57611684
>oh wow im so impressed that you have 009 btc if you are so rich then why haven't you bought a honey badger token i bought a honey badger token and now i drive a lamborghini gallardo and fly around in a helicopter wearing a honey badger themed tux and my 19 inch cock just swings around in the breeze while i sip on the finest scotch whiskey you poor bastard

>>57610087
Drop a gold coin in the woods and see how little of a shit nature gives about gold.

>>57610109
So gold is backed by fiat?

I still find it difficult to believe that millions of people all over the world don't understand what "value" is. They just see line going up and convince themselves that a series of 1s and 0s is worth their hard earned cash.
Do not (You) me with your brainlet retorts, faggot memecoiners.
>b..b..but what is fiat backed by?
By the billions of tons of goods exchanged for it, you stupid motherfuckers.
Why is such a large percentage of the human population so goddamn stupid? Everyone has a huge trove of information at their fingertips, but most never use it.

>>57611744
you can make something out of gold, you cant make jackshit out of crypto

>>57610462
> What is food?

>>57611696
Denial, you're the one holding inflationary shiny rocks that devalues with technology and can't be modern money anymore

>>57611760
You can make things out of wood or even nonshiny rocks too.

>>57611784
exactly, all more valueable than cryptoshit

57611748
>what is fiat backed by?
>By the goods you reddem fiat for
Ok, then Bitcoin is backed by the goods you redeem Bitcoin for, right? i.e. the entire El Salvador GDP. That's quite an asymmetric bet, that no other countries will add their GDP to the mix. Seems like there's a lot of runway there. Perhaps a good time to invest, no?
>Don't (you) me
You don't deserve one (you) fucking retard

>>57611431
Are you really that stupid?

>>57610109
>Prior to 1971, the US dollar was backed by gold. Today, the dollar is backed by 2 things: the government's ability to generate revenues (via debt or taxes), and its authority to compel economic participants to transact in dollars.

This is what you are putting ALL your finances in, btw.

>>57611748
So that's why fiat currencies never collapse, because they're backed by goods, oh wait, I'm being told you're a retarded monkey

>>57611804
I will never understand how people can be so deep in denial, I guess only suffering can change them, my preferred moment is when they go crazy and got shot or put into prison, do you think that'll happen to you?

>>57611808
The Dollar is a currency that I can use in the supermarket. Crypto is literal horseshit

Money at it's fundamental level is simply a ledger. Bitcoin is a secure global decentralized electronic ledger. It solves a very old problem that's plagued man for thousands of years. Gold, due to it's physical nature, is inferior in a digital world.

>>57611813
Always these nonsensical replies from you faggots. Fiat collapses when retarded governments print money without a commensurate increase in production (i.e. the amount of goods and services traded with that currency).

>>57611833
That's like saying gold is horseshit back when no one accepted it but instead seashells or other kind of poop currency, denial or extremely low iq

>>57611865
Yeah, guess what happens then faggot. Also savings. Furthermore a strictly better currency will replace a worse one any time, that would also be a reason why a type of currency would collapse.

>>57609664
Nothing is real. Matter is an illusion.

>>57611748
>a decentralized way of storing and sending money all over the world with a fixed supply currency has no value

Why do retards feel the need to have such strong opinions over shit they don't understand

>>57609685
fiat is not backed by faith its backed by the fact that you have to pay taxes in fiat and in the case of the USD, its the world reserve currency

>>57611833
crypto in its infancy is definitely horseshit
Bitcoin is perfect
But crypto will be upgraded until
it holds and transacts all the value of the planet
Bitcoin is going to demonetize gold tho, gold is inferior and BTC will suck the value out of it along with real estate and stocks and bonds. BTC is a black hole. Everything that is left will be transacted on blockchains.

>>57611936
>a decentralized way of storing and sending money
This would actually have value if it existed, but Bitcoin isn't it, because it isn't money. It's just a speculative asset that you can't do anything with except sell to some greater fool.
>but it will in the future
No it won't. Governments will never relinquish the control they have over money, which means memecoins will only ever be legal tender in meme countries like El Salvador.

>>57609573
You realize now that bitcoin is an etf it's a "paper market" too, right?

>>57612020
>Bitcoin isn’t it
please study harder

>>57610050
*dies of cringe*

>>57612043
No because we can use on-chain data to verify that Blackrock et al. are not lying about their holdings

>>57611740
>Drop a gold coin in the woods and see how little of a shit nature gives about gold.
Drop a Bitcoin in the woods and…oh wait it’s not real and you can’t do that.

>>57611748
>>b..b..but what is fiat backed by?
>By the billions of tons of goods exchanged for it, you stupid motherfuckers.
This is circular logic. If the value of dollars is backed by the fact that you can exchange them for goods and services, then by the exact same logic, crypto is valuable because you can exchange it for dollars. You're a fucking idiot

ITT glowies and perhaps an authentic maxi retard try to convince everyone that the Pleiadeans and other extraterrestrial races don't exclusively use gold for interstellar travel.

>>57610087
Who cares

>>57609447
Kek

Watch how quick that will flip around on you.

>>57610660
What a baggie. Get boned, gold insect.

>>57611111
Checked

>>57611179
I agree with this. Gold is going to get downgraded to an industrial metal or base metal or whatever.

>>57609664
>Gold is backed by reality
Gold is not backed by even gold bugs right now.

i'm gonna wait for the top,sell my bags to boomers and buy gold at the bottom. Cuck them twice.

Anyone shitting on gold as hard as this thread is has never held an ounce of gold in their hand. Shit is magic.

>>57612681
Anyone shitting on BTC has never hammered a 24 word seed in steel plus memorized passphrase with no backup meaning they LITERALLY, PHYSICALLY ARE BITCOIN

>>57610050
Love me some ORDI - tokens on bitcoin are here, it's the next cycles main narrative

>>57609573
>It’s Chinese new year.
https://www.youtube.com/watch?v=M7TNP2OTY2g
communist china is FUCKED

>>57609611
>This is THE sell signal
you CANNOT be serious

>>57609664
>>57609703
>>57610087
>>57610109
>>57610225
>>57610462
>>57610660
>>57611124
>>57611371
>>57611470
>>57611670
>>57611696
>>57611760
>>57611796
>>57611833
keep malding Rickards
gold is going to 0

>>57611684
>oh wow im so impressed that you have 009 btc if you are so rich then why haven't you bought a honey badger token i bought a honey badger token and now i drive a lamborghini gallardo and fly around in a helicopter wearing a honey badger themed tux and my 19 inch cock just swings around in the breeze while i sip on the finest scotch whiskey you poor bastard

>>57610432
sorry bro but your convenience from bitcoin came from the centralized ledgers of binance, not bitcoin's mineable ledgers

>>57611730
>>57613680
Report: Automated spambot

>>57613780
It’s against the rules to announce a report newfag

>>57609447
Grow up anon. BTC is like your stock's long-time investment, if you want to profit in less period of time buy altcoins and some meme-coin. Check XTP, XLM, INJ and SHIB

>>57613706
Are you still sticking with Binance? Come on, anon. The current situation is far from ideal; regulatory issues are causing complications, despite its widespread usage. Fortunately, there are viable alternatives. For instance, Europeans can acquire cards from Tap_Fintech or wirexapp and use them for global transactions.

boomers move from one scam to the next

>>57611371
>Top Uses of Gold
>Food Industry

>>57609685
Gold is backed by work, bitcoin is backed by work.
Fiat is backed by war

>>57609664
"Me want shiny rock for jewelry and maybe computers" isn't reality. It's better than shitcoin, but it's still the same kind of tulip mania - gold just has almost infinite amounts of historical inertia.

>>57609447
HOLY MOTHER OF TOP SIGNALS

>>57610068
Its so fucking over.

>>57609664
>>57609685
Everything that has "value" is valued because of belief. Why are people so fucking baindead on this obvious point.

>>57610068
How the fuck is that not bullish? Sidelined dumbasses say the dumbest shit

>>57612473
>what is neutronium

>>57609447
It's funny in a way. They traded their paper gold for BTC held for them by an etf, which they can only sell when trad exchanges are open. They just want to be fucked by someone it seems.

>>57612320
>then by the exact same logic, crypto is valuable because you can exchange it for dollars
Jesus fucking christ the stupidity. Is the dollar a "good" or "service"? No, the dollar is a currency.

>>57610432
I agree that Bitcoin has the benefit of convenience (easier to transport, hide, etc.), but to single out the risk of large deposits being found tomorrow is a little one-sided.
There's no guarantee that the Bitcoin supply will forever follow the original rules. Powerful entities in the space could collude to make a change, or the global governance system could compel a choice between creating more BTC and handing it over for the noble globalist causes (Climate, Covid, etc.) or facing a ban.
Bitcoin also introduces new categories of risks, such as power or Internet outages, software bugs, broken cryptography.

There are people with sub 100k net worth buying silver and gold instead of crypto thinking they will become rich lmao

>>57614966
According to you, dollars are valuable because they can be exchanged for things of value. So can crypto, by the exact same logic. You're a dumbass.

>>57616044
What part of "goods and services" don't you understand?

>>57609664
you cant take gold with you when you have to cross a border because your government wont let you live your life. with bitcoin i just memorize a couple words to store my entire wealth and no one has a clue.

>>57609685
bitcoin is backed by proof of work. US fiat is backed by the military.

>>57616757
>US fiat is backed by the military.
Extremely bearish for the US dollar desu... we all know the zogbot forces are getting weak and spread too thin. If the military is what's backing up USD then we can expect it to keep declining in value

>>57610150
Over 6 gorillion years of history.

>>57616751
I agree that crypto has some great advantages, but as a world, we've only been trying unbacked fiat for about 60 years now, and i don't think it's ever worked for more than 100 years before.

If you cross a border with a government minted gold/silver coin, you only declare the face value of the coin, so a $50 gold eagle is considered $50 USD for customs declaration. It's 1 oz of gold though.

If you have any amount of wealth, you'd be stupid not to keep some of it in physical PMs. They are always worth something and require no infrastructure to trade. A piece of gold is still a piece of gold, no matter what happens to a currency, or the power grid, or the Internet. There's not much else that has that sort of liquidity.

>>57611179
>gold is a dead end, only for very stupid people or very old people
But for some odd reason China, Russia, and the World Bank is hoarding gold like never before. Fucking retards, right?

>>57610109
i literally buy mad shit off amazon with bitcoin lol, i bought my house off chainlink gains...wtf...

>>57616903
>but as a world, we've only been trying unbacked fiat
again, fiat is backed by military. have you seen what the US does to a country if they dont comply with their rules? how many leaders has the US killed because those leaders decided to go about their own way? go ahead, go to a country and start your own bank...see what happens

>>57616772
unless you are an insider, you and I only have superficial opinions on the internal well being of the US military. but yeah keep believing whats being fed to you by /pol.

>>57616903
>If you cross a border with a government minted gold/silver coin
youll cross the border, but with nothing in your pockets. go watch the hundreds of youtube videos of the darien gap where you will be robbed in a heartbeat by gov/police/theifs. yeah its a good idea to diversifying when you are already rich in a structure society, but for 99% of regular people thats impossible.

>>57617215
You think the USD is the only fiat currency and that we're just going to keep on bullying the world forever? It's not sustainable and we're taking most of the world down with us. This renewed interest in crypto/bullrun starting this year is part of their transition agenda. They're trying to manage the collapse. I'm going all in, but when I cash out, it's going into more land, food, and PMs. Do whatever you like, but at least look at the context of what's happening with global currencies. Or don't lol.

>>57609447
Just wait until the ETH and maybe SOL ETFs, they will blast even more money in

>>57617269
Just a thought, but if you have to flee a country that's collapsing and have gold, you'd be paying someone to smuggle you out. Not walking around with a horde.

Anyway, you're obviously retarded. I'm not sure why I'm responding lol. Have a good day.

>>57609685
I see the truth has led to some kvetching.

>>57616903
>If you cross a border with a government minted gold/silver coin, you only declare the face value of the coin, so a $50 gold eagle is considered $50 USD for customs declaration. It's 1 oz of gold though.
that is not how the law works in most countries lol

>>57617215
>Backed by military
Why does every no coiner say this exact thing. Even normies irl say this. Kill yourself faggot.

>>57611371
Let's hoard an industrial metal.

>>57611347
>99% of all wealth is already digital. Why not back it by a hard, digital asset? Why peg it to gold again?

>>57617590
Because they do not understand history. At all.

>>57615087
That's not at all how it works, retarded little man
Why people talk about things they don't understand? Stop

>>57611371
Every metal has uses. Doesn't mean it has any value.
Dog shit has uses as fertilizer but no one is gonna pay money for it

>>57609611
stop trying to time the market senpai

>>57609664
IM REAL GODDAMNIT!

>>57609447
Stores of value don't drop 50% in a year you fucking retard. It's a fundamental impairment in thought you crypto cards have.

That's because everyone is into physical gold now.

>>57618203
that the sutpidest shit I ever heard
Are you a nigger?

Am I the only one on this board that holds both gold and bitcoin?

TLDR

QRD on this thread?

>>57618826
old dying men seethe because they realize they stacked inflationary shiny rocks when bitcoin exists

>>57618806
i have a little gold as a treat

it sits in my closet and does jack shit. it's basically an inflationary stablecoin with a 10/10 transaction tax on it. worst tokenomics ever. honestly is my fault for not reading the whitepaper before aping.