/biz/ - Business & Finance

[Anonymous No.17633051]

What convinced you that crypto is the future?

[Anonymous No.17633057]

Autists

[Anonymous No.17633067]

That's a man

[Anonymous No.17633070]

>>17633051
The Byzantine General

[Anonymous No.17633106]

what a woman

[Anonymous No.17633108]

There ain’t no conviction
We’re just looking for the next dumb guy to dump on
Anyone saying otherwise is 100% lying
Muh decentralization

[Anonymous No.17633125]

>>17633106
heh good meme

[Anonymous No.17633131]

>>17633070
this

[Anonymous No.17633136]

The unbelievably straightforward question of "What exchanges of value are currently mediated by humans, which would become more efficient if they were instead mediated by software"
I look at white collar cucks with absolute disgust knowing that most of their jobs will disappear in the next 10 years and they are absolutely oblivious.

[Anonymous No.17633139]

>>17633051
LSD

[Anonymous No.17633251]

It's not. I'm just in their for the free money before it exclusively becomes the currency of Pajeet land.

[Anonymous No.17633265]

>>17633051
I-I-is that hair in her shoulders?

[Anonymous No.17633468]

>>17633265
yeah its a little hair that shes self conscious about leave her alone shes beautiful.

[Anonymous No.17633567]

>>17633051
she's cute

[Anonymous No.17633603]

>>17633051
when I realized it's literally impossible to escape the wagecage without degenerate gambling

[Anonymous No.17633615]

>>17633567
I dont like her face or hair style tb.h

[Anonymous No.17633664]

>>17633615
Literally nothing wrong with short hair.

[Anonymous No.17633675]

>>17633664
Ive seen super hot girls with short hair. It doesnt work on her

[Anonymous No.17633715]

>>17633051
originally, having 100% control over my own money, currently, shit like 8% savings rates and being able to provide liquidity for car loans and mortgages with a stablecoin that i have 100% control over

[Anonymous No.17633765]

>>17633051
I work at a bank setting up bonds and wires for big corporations. Crypto and smart contracts are going to essentially make my job obsolete

[Anonymous No.17633853]

>>17633051
DUDE LOOK AT HER MASSIVE HANDS THEY ARE FUCKING HUGE MAN

[Anonymous No.17633993]

Satoshi did

[Anonymous No.17634055]

>>17633051
I am in for the tech

[Anonymous No.17634076]

>>17633051
Learning about the Federal Reserve.

[Anonymous No.17634099]

>>17633993
based

[Anonymous No.17634182]

>>17634076
>Learning about the Federal Reserve
muh Federal Reserve
enjoy missing out other 10 years of bullish

[Anonymous No.17634215]

>>17633051
Racist frog people

[Anonymous No.17634285]

>>17633051
it's not but bitcoin will go to $1mil before it goes to zero.
won't change the world wont solve any problems but all strong hands will make it.

[Anonymous No.17634314]

>>17633051
It will bring about the true Information Age

[Anonymous No.17634371]

>>17634314
it's not gonna change shit
the next technology that will be truly disruptive to society will be vr

[Anonymous No.17634786]

In my opinion Federal Reserve does no damage to the economy
which damage could it do? All money printed goes into bonds
so no problem for everyday life

[Anonymous No.17635979]

>>17633051
you assholes. biz unironically changed my life. found this place in a deep well of depression and financial stress and ended up switching careers from STEM to finance because I am obsessed with deciphering the enormous game called finance so I can learn this rigged system and find some exploits to beat the game.

somewhere along this path I found out that a non-inflationary value transfer system with no central authority would be extremely valuable to us as a people because everything (((they))) touch is corrupted by an inescapable financial agenda that ebbs and flows and fucks with the lives of all while only consolidating power to the minority wealthy elite. A universal currency that exists virtually in a wallet controlled only by the owner cannot be touched by (((them))) and is a very convenient way of removing your cash from the current financial system parked away from fiat inflation. And once the value stabilizes ($1MM+) it will be a true store of value.

But the real reason why I bought into this shit is because blockchain automates a rudimentary task; tracking the ledger. There are savings to be had just from eliminating that task on it's own.

[Anonymous No.17636151]

>>17635979
any trading tips?

[Anonymous No.17636199]

>>17635979
>And once the value stabilizes ($1MM+) it will be a true store of value.
Keep dreaming schizo. Boomercoin will die.
>Muh store of value

[Anonymous No.17636256]

Why aren't there any good traps irl?

[Anonymous No.17636266]

>>17636256
because the concept is built on a lie. Gender is a meme

[Anonymous No.17636331]

>>17636266
This. I've grown up around tom boys, my sister will fuck up most guys, and is still a girl. A close childhood friend is the same, a woman, not at all a pussy, and yet still a girl. One of my best friends is a straight male with 3 kids, and one of the biggest pussies I have ever met that I have no doubt I could nearly kill with a punch. Gender is at best a weird scale not based on biological sex, and at most likely, a meme.

[Anonymous No.17636352]

>>17636151
To be honest I don't trade too much. The tax bullshit makes me want to move assets as little as possible

I'm just building a web in my brain to try and predict what happens and why does it happen. Like where does the money flow and why is it going there.

For instance the equity market is extremely overbought so it was bound to break down but was kept on life support by the fed giving it QE injections through adding liquidity to the repo markets. Then an epidemic broke out which opened the flood gates and the entire market started tanking. This caused a capital flight from equities to bonds and to an extent PMs as well. Gold has maintained it's value better than the index regardless of the fact it tanked with the rest of the market. with such a large negative impact on manufacturing and shipping the coronas is the perfect excuse the market needed to finally tank and not even interest rate cuts are saving this. The 50 basis point drop in interest got priced in and dumped the following day. Bloomberg is predicting another 50 basis points gone by the end of the year so if you're looking to refinance some debt, give it a few more months cause rates are heading to 0. During the last 2 financial crises (dot com, housing bubble) the federal funds rate dropped 5%, once from 7-2%, another from 5~0%. This year we can only drop from a fed funds rate of 2.5% so either we go to 0% and lose the remainder of the standard stimulus or we're going negative. The fed exhausted it's main tool for propping the market up so they're gonna have to get creative this time. Whats interesting is that all this pressure on bonds is driving the price of bonds up while reducing it's yield since paying higher for a bond lowers % payout. Highly rated debt was only paying out around a 1-2% yield before the rate cut, now we're reducing interest rates and bidding the bonds up, it's going to get to the point where the bonds aren't even generating a positive return for the holder real soon.

[Anonymous No.17636376]

>>17633051
its not

[Anonymous No.17636395]

>>17636331
He means biological sex is concrete and making up genders to warp it is a meme.

[Anonymous No.17636400]

>>17636352
Damn, ok, I meant bitcoin but that's cool too.

[Anonymous No.17636401]

>>17633051
unironically, Sergey

[Anonymous No.17636409]

>>17634182
Kike detected

[Anonymous No.17636412]

>>17633051
When I made 4,000% in a week and then started gaining 8% APR on it immediately with DAI. Also, ARPA-chain.

[Anonymous No.17636608]

When the 23ish btc I had on my pc for drug money went from being worth a hundred dollars or so, to me getting clean, checking the value and finding it being worth around $400k

[Anonymous No.17636645]

>>17633051
Homosexuals are such confused beings

[Anonymous No.17636835]

>>17636400
I just buy crypto. I'm planning on selling when we start peaking post halvening. BTC will probably hit around $100k. This is for long term capital gains by the way, I don't like day trading and would prefer to reap long term capital gains just for the simplicity of tax reporting

So if you're talking trading strategies, I like to buy something that money will flow to for an extended period of time, hold it, and sell it when the market cycle is complete.

If you're talking swing trading, buy something with fundamental value and pick sell targets

[Anonymous No.17636888]

When I loaned money without risk for both parties on ethereum network and purchased some plat in warframe with the gains

[Anonymous No.17636911]

>>17634786
I didn't think I would have to explain the concept of inflation but here we go

> Let the number of USD in circulation be equal to x
> Fed prints x/10 USD and buys treasuries from commercial banks on the open market
> There is now 10% more USD in circulation
> The real value of your savings is now 10% less than it was prior to the Fed printing the extra 1/10x USD

Yes the money initially just goes into bonds but it eventually it spreads into the rest of the economy.

[Anonymous No.17637208]

>>17633136
hahahahah

[Anonymous No.17637400]

>>17636911
then you get a raise and more money

[Anonymous No.17637501]

>>17637400
No one better show him average wage vs inflation over time