[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]

2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

File: 51 KB, 591x349, based.png [View same] [iqdb] [saucenao] [google]

25777336

Anonymous Sun Jan 10 07:42:06 2021 No.25777336 [Reply] [Original]

This boomer just destroyed the whole bull run in one tweet.

>>	Anonymous Sun Jan 10 07:43:17 2021 No.25777361 >>25777336 >the price of an asset depends on supply and demand Wow...

>>	Anonymous Sun Jan 10 07:43:43 2021 No.25777370 Lmao do people really buy this no use shit coin?

>>	Anonymous Sun Jan 10 07:45:15 2021 No.25777403 >>25777336 He's not wrong

>>	Anonymous Sun Jan 10 07:46:38 2021 No.25777428 >>25777336 >it may go down whoooaaa holy shit bought 100k gold bars from his website (paid for it with BTC)

>>	Anonymous Sun Jan 10 07:46:47 2021 No.25777433 strawman, nobody claims btc can "only" rise due to more demand than supply. It is currently rising due to more demand than supply. Also schiff holds more btc than any1 on this board

>>	Anonymous Sun Jan 10 07:47:36 2021 No.25777462 File: 1.03 MB, 1609x795, 1609730239974.png [View same] [iqdb] [saucenao] [google] >>25777336

>>	Anonymous Sun Jan 10 07:48:15 2021 No.25777482 >>25777361 not gold tho he thinks gold is actively manipulated and suppressed.

>>	Anonymous Sun Jan 10 07:49:21 2021 No.25777499 File: 459 KB, 3612x2324, 1609596984007.jpg [View same] [iqdb] [saucenao] [google] >>25777336 Imagine taking a boomer gold salesman's word as gospel.

>>	Anonymous Sun Jan 10 07:49:31 2021 No.25777506 File: 1.84 MB, 5000x5000, Groyper_Bitcoin-Final.png [View same] [iqdb] [saucenao] [google] Literally literary.

>>	Anonymous Sun Jan 10 07:49:54 2021 No.25777515 >>25777433 this. he is clearly ignoring that: - supply and demand does not only depend on sentiment - technical factors (mining difficulty) - macro factors (dollar printing etc)

>>	Anonymous Sun Jan 10 07:50:48 2021 No.25777534 >>25777482 In the end it's still demand and supply. Someone with enough supply rather sells some to prevent a bull run than continues holding it, so there is more supply on the market than actual demand and the price stays low (suppressed).

>>	Anonymous Sun Jan 10 07:51:47 2021 No.25777562 >>25777462 crypto is amazing for transferring value as long as the network is safe not owning some crypto is just retarded just like not owning some gold is retarded if the network gets attacked

>>	Anonymous Sun Jan 10 07:52:15 2021 No.25777575 File: 104 KB, 1600x900, 02488626-97FE-4B4B-8E19-CD902FA662FB.jpg [View same] [iqdb] [saucenao] [google] >>25777336 BUTTTCORN BAD, ORANGE MAN BAD TWITTER GOOD

>>	Anonymous Sun Jan 10 07:52:57 2021 No.25777591 >>25777336 Peter Schiff, CEO of Bitcoin stock

>>	Anonymous Sun Jan 10 08:06:00 2021 No.25777884 >>25777575 >zoomer yelling at bitcoin

>>	Anonymous Sun Jan 10 08:07:41 2021 No.25777930 >>25777336 What an absolute retard.

>>	Anonymous Sun Jan 10 08:08:35 2021 No.25777949 >>25777336 Who is this guy?

>>	Anonymous Sun Jan 10 08:09:09 2021 No.25777963 >>25777336 I bet this man faps to bitcoin at night.

>>	Anonymous Sun Jan 10 08:11:07 2021 No.25777991 File: 39 KB, 655x527, hmm.jpg [View same] [iqdb] [saucenao] [google] >>25777336 At this point I'm entirely convinced Schiff is holding large quantities of BTC because I know for a fact what he is saying here he does not believe himself.

>>	Anonymous Sun Jan 10 08:13:14 2021 No.25778031 File: 9 KB, 225x225, JAL083-CJ39F-ZO3C0-XJ39DL.png [View same] [iqdb] [saucenao] [google] >>25777336 cope

>>	Anonymous Sun Jan 10 08:15:20 2021 No.25778072 >>25777336 In practice the same applies to gold. Yes it has other uses, but the main driver behind its price is speculative trading. It's why the price of gold multiplied when the first ETF was introduced.

>>	Anonymous Sun Jan 10 08:57:24 2021 No.25779063 >>25777433 >Also schiff holds more btc than any1 on this board This. Damn he must enjoy trolling cryptonerds on twitter

>>	Anonymous Sun Jan 10 09:04:45 2021 No.25779232 >>25777336 >but I will accept your BTC in exchange for my gold

>>	Anonymous Sun Jan 10 09:06:34 2021 No.25779288 File: 80 KB, 772x575, 1597923886438.jpg [View same] [iqdb] [saucenao] [google] pretty sure he's seething at the fact that each of his tweet has the bitcoin logo on it

>>	Anonymous Sun Jan 10 09:14:45 2021 No.25779516 >>25777515 there are only a few dollarinos entering the system. the rest is just funny money aka usdt

>>	Anonymous Sun Jan 10 09:21:13 2021 No.25779694 >>25777336 Holy shit it's over for capitalism

>>	Anonymous Sun Jan 10 09:26:04 2021 No.25779802 File: 67 KB, 830x738, 149784654861.jpg [View same] [iqdb] [saucenao] [google] >>25777336 Except that the US dollar is toast and stocks will crater soon. It's better to go all in into BTC.

>>	Anonymous Sun Jan 10 09:29:09 2021 No.25779886 >>25777336 >You know, big number go up >But sometimes, big number go down Wow very inciteful there. Amazing take.

>>	Anonymous Sun Jan 10 09:37:53 2021 No.25780123 >>25777991 He is he literally sells gold for btc

>>	Anonymous Sun Jan 10 09:48:21 2021 No.25780428 >>25777336 bullish case for DMG / DMM Ecosystem.

>>	Anonymous Sun Jan 10 09:54:39 2021 No.25780620 >>25777336 Wait, so you're telling me if nobody wants btc the price would drop? Who'd a thunk it?

>>	Anonymous Sun Jan 10 09:58:26 2021 No.25780739 File: 1.00 MB, 1250x1250, 1610227306786.jpg [View same] [iqdb] [saucenao] [google] >>25777575 hurr durr we must censor every evil insurrectionist trump voter! they be using bitcoin to set up their evil alt-tech networks!

>>	Anonymous Sun Jan 10 10:07:52 2021 No.25780993 >>25779802 >>25780123 He is not, all the business who ”accepts Bitcoin” have a swap deal with Coinbase which means whenever you buy ”using Bitcoin” that Bitcoin is sold on Coinbase for dollars which is sent to the business.

>>	Anonymous Sun Jan 10 10:22:06 2021 No.25781449 >>25777336 Why does ANYONE give a fuck what this old boomer retard has to say? Genuine question, his fund has also been performing like shit forever, and he's clearly sub 80 IQ

>>	Anonymous Sun Jan 10 10:41:10 2021 No.25782044 >>25777499 Interdasting chart. How many times you think this cycle will repeat itself?