/biz/ - Business & Finance

>>57998675
>boomer
You answered your own question

>>57998675
the cult of cash needs priests to absolve people of their debts. they follow dogma not reason

>>57998675
Sounds like he should be promoted to head chieftan of the metal boomers. Peter Schiff is old news, Dave is the face of gold and silver.

I love his response even more
He’s creating retards who will fomo at ath since they’ve missed out.

Hes been anti-bitcoin for the last 15 years he can't stop being anti-bitcoin at this point

this is the same dude that refused a $1 billion dollar loan at 0% interest

he's a typical boomer, who will criticize something based using existing knowledge instead of actually learning about it first. You can tell by the way he fuds bitcoin he doesn't even understand the basics of it. At least peter schiff understands enough to fud it somewhat reasonably.

>>57998708
>>57998721
>>57999009
sounds like somebody hasn't tried to cash out

>>57998675
he's a real estate boomer and understands correctly that Bitcoin competes with real estate.

most of you are stupid children but the savvy adults in the financial business have sussed that Bitcoin is above all a real estate play. this is because of the limited supply - think of 21 million BTC as 21 million lots of property in say California. Once it's all bought up, there's no more.

The key with BTC for them is to take possession of a piece of that real estate. Getting YOU to sell to them is their primary goal - they don't care how much $$$ you get, how much you profit in Dog coins, none of it. They just want the real estate, because they know what happens when the supply starts getting limited - it becomes extremely difficult to buy in and gain a piece of it.

When you understand Bitcoin as a real estate play the behavior of financial industry people makes a lot more sense

>>57998834
How the fuck do you say no to that??? I could put that into something completely risk free and still make money.

>>57998675
He advocates for investing in things that generate a profit. Bitcoin has no revenue, and therefore no profit.

>>57998675
why dont biztards understand that ramsey isnt some investment guru? His focus is putting people in a comfortable financial situation and having consistent predictable gains until retirement. He isnt looking to shill people speculation.

>>57998834
>just be a billion dollars in debt bro

>>57998675
I'm uncertain of the specifics, but his proficiency with financial matters is evident. His net worth exceeds 300 million, indicating a substantial understanding of finance.

He has some good advice for getting retards out of debt, but after that, I wouldnt listen. His normalcy bias is too keyed in on western countries where things have been stable his whole life. If I was in a country that was less stable I wouldnt follow his advice at all. As the price of bitcoin continues to climb, I believe its an indication that many people see a decrease in stability for the west, and they are trying to protect themselves from it. This is his biggest blind spot.

>>57999277
This is why even when I do sell I'll always keep at least 1BTC.

>>57999277
This is some retarded nonsense. People NEED housing. Nobody needs a BTC. You cant live on the blockchain, anon. I am bullish on BTC long term but to say real estate competes with it is just stupid.