/biz/ - Business & Finance

[Anonymous No.28058952]

>Inflation is not an economic phenomenon but a political one.

I hate leftists, I hate their weakness and I hate their ignorance regarding everything about money and how it works.
Literally ANYONE who reads any economics book would know that sharing gibs every fucking month is a snake that bites it's own tail and that there is no such thing as free money.

We started sliding down the slope when the US dollar stopped being backed by gold. We are about to enter the point where the dollar is no longer backed by any semblance of logic.
Commies want gibs while also owning the most worthless depreciating assets in existence. You will pay for those gibs, and it will be sooner rather than later. The only people benefiting from giving """free""" money to the scum of the earth are unironically the elites and the future elites (those who invest in assests unaffected by inflation), everyone else will pay for that "stimulus check" in due time when their rent rises 30%.
Also Biden is a pedophile.

[Anonymous No.28059120]

>>28058952
That's why they want to quadruple the US population, more debts slaves to overleverage on credit and send gibs to the oligarchs

[Anonymous No.28059410]

>>28058952

I don’t know what to tell you but if you aren’t in debt up to your eyeballs at this point it’s your own loss. Fiat is going to hyper inflate and debt Chads who took out loans to buy assets are going to be rich as fuck

[Anonymous No.28059911]

>>28058952
Inflation is completely irrelevant and hyperinflation will NEVER happen for USD because the demand for it will always be steady and rising.

Want to trade oil and gas? Need $. Want iPhones and MacBooks? Need $. Want to do international business? Need $. Want to do international banking? Need $. Want to invest your shitholes country rent pension in the biggest stock market in the world? Need $. Want fucking Coca Cola in your country? Need $. Want fucking McDonald’s in your country? Need $. Want Netflix in your country? Need $.

As long as the USA has complete hegemony of the world, they can print trillions every day and the USD will be stable because people will do EVERYTHING to get it or they will be left out like shitholes that tried to go their own way like North Korea, Iran, Cuba, Venezuela, Russia etc.


>t. PhD in economics from St.Gallen

[Anonymous No.28059938]

>>28059410
>federal reserve has lied about every single thing they were planning on doing in the past 20 years
>"hey guys go all in on margin we promise we won't raise rates :^)
a basis point rise to .25 would crash the entire economy in a few months. The truly rich would still own their debt-free assets/companies/houses, the speculators would be completely wiped out (and their assets sold off to the rich for pennies on the dollar) and the average joe with 10k in BTC and robinhood would lose everything. Plus the dollar would be saved. I think Schiff needs to consider this scenario as a possibility.

[Anonymous No.28060176]

>>28059938
wouldn’t tens of millions of people die off in this scenario?

[Anonymous No.28060573]

>>28060176
Probably not. It would just be 2008 all over again, which is what they want. The average person is impoverished, the average speculator loses everything, and the really rich get another go at buying forecloses houses for $10k and selling them a decade later for $400k.
It would be less bad in their eyes than hyperinflation, and all other currencies would crash relative to the dollar. Companies would go bankrupt, sure, but most would be able to carry on just fine, especially with government bailouts from the newly-appreciated dollar.

They would probably do some monetary magic with all the bonds held by the federal reserve, but those never need to really be paid back anyway, so the government doesn't have to care about the interest payments. And now that so many bonds are owned by the Fed, it would even make financial sense to increase interest rates.

[Anonymous No.28060735]

>>28059911
Real simple scenario:
>I work min. wage in McDonalds
>Government gives $1000 to me and to everyone else
>I am renting a house
>Now more people (think they) can afford to rent the house at a higher price
>Goy landlord raises my rent by $200
>In 6 months my landlord is $2200 richer and I am $200 poorer because of the gibs

This makes perfect logical sense and no amount of "muh Netflix" can ever rebuff this argument that a 10-year-old could fully grasp.

[Anonymous No.28060810]

>>28058952
>bash leftists
>vote for the guy who printed 23% of america's currency in one single month
>profit???

[Anonymous No.28060942]

>>28060810
Hey there I never said Trump was smart. Trump is a populist asshole who exploited the same scum of the earth that leftists are made of. I'm just saying that every leftist is a retard whilst only some right-wingers are.

[Anonymous No.28061055]

>most leftists have a simplistic understanding of the economy
>so do most of you faggots
>something something crying about gold because you don't understand the whole thing with Nixon and De Gaulle
>you should believe in money because of shiny rocks and logic and not because currency is a construct to simplify bartering, yada yada
>social programs that cost a fraction of corporate tax breaks will break the system
>30% inflation is realistic because I don't understand that the Fed can fight inflation at the cost of unemployment rather than vice versa because the grifter from the John Birch Society who spread the meme I liked didn't know either

Christ these threads are so faggy.

[Anonymous No.28061126]

>>28060942
thats very neat anon

[Anonymous No.28061222]

>>28058952
Yeah, well… just be happy you're in the tiny club of people who have figured this out. We're fortunate to be in the position to understand how deeply and thoroughly fucked the economy is, before normies are even dimly aware.

This gives us time to prepare, by accumulating inflation-proof assets (gold & silver). And it gives us the opportunity to profit off of a tanking dollar by putting our money into the assets where the inflation is landing (stonks & crypto).

This whole depraved empire deserves to collapse, and the people who go along with it deserve to have the rug pulled on them. The more funny money gets pumped into the system, the happier I am.

[Anonymous No.28061431]

>>28059911
I don't care about your fancy piece of paper. Everyone knows how USD hegemony works.

The point is, that hegemony is coming to an end. See pic related.

[Anonymous No.28061807]

>>28061431
Keep coping lol. The US is not gonna lose its hegemony any time soon. You dumb /pol/tards really think that USD will become zimbabwe currency need to off yourself. This will never happen for the simple fact that no other currency in the world has such high demand than the USD. The FED could announce that it would print $100 trillion tonight and the USD would still be stable.

[Anonymous No.28061864]

>>28059938

How in the world would holding 1 BTC be a bad idea in this scenario?

[Anonymous No.28062124]

>>28061807
>Biden wants to raise minimum wage to $15
>Biden openly discusses forgiving any and all student loans
>Biden literally gives free money to people who will use it to buy drugs or sneakers or both

Zimbabwe money is unreasonable, but if my local cashier is making 40k a year, 1 of two things will happen:
1. unemployment soars as this recession forces companies to invest in AI and automation R&D
2. everything costs more money

[Anonymous No.28062517]

>>28061126
how much of that is going to educating homosexuals in rawanda

[Anonymous No.28062588]

>>28062124
Minimum wage won’t raise unemployment rate. In fact countries with a minimum wage have an extremely low unemployment rate. A minimum wage would hardly have an effect in a developed country like the US

[Anonymous No.28062679]

You're not wrong.

[Anonymous No.28062764]

>>28062679

[Anonymous No.28062813]

>>28062679
>>28062764

[Anonymous No.28062883]

>>28061864
A few reasons. Short term, BTC is up there with Tesla and memestocks as the ultimate speculative bubble. People are buying on leverage with stimulus bucks. There is a very real reason to believe that if Tesla pops, so will BTC, as they have been in lockstep the past year because the money is coming from the same people.

Long-term bear outlook is that BTC is only valuable in an environment where the market has no control over interest rates. If the market ever believed that rates would normalize in the next 5 years, BTC would be 3 digits. It doesn't pay a dividend, it can't operate in deflation, and gold is unironically a better store of value because even if the price tanks, someone will eventually buy it to use in computer chips/jewellry etc. Nobody "needs" to buy BTC except people thinking that hyperinflation is coming and wanting to protect their net worth. But if hyperinflation isn't coming, and rates rise, BTC will sink like a stone because there will be no end buyer.

[Anonymous No.28062884]

>>28062764
>>28062813

[Anonymous No.28062910]

>>28062588
shhh don't tell him that, how else will doctor jewberg make money by oppressing poor hillbillies like him?

[Anonymous No.28062919]

>>28062588
No, a comprehensive approach to doubling the minimum wage over a period of years would be very unlikely to cause any damage and would arguably increase the strength of the US economy.
But doubling it suddenly in the middle of a recession to get the vote of communist retards surely will cause a lot of damage, I don't care if you're the US or the fucking Roman empire.

[Anonymous No.28062970]

>>28062813
>>28062884
>Would You Like To Know More?
https://youtu.be/mII9NZ8MMVM

[Anonymous No.28063036]

>>28061807
ok, here is your opportunity to shine to a simpleton like me.

From my PoV >>28061431 has a point.
It at sure at least feels like the US it sliding into its twilight hours. I've read that china and russia have decreased their dependency on the dollar by 90% over the past 5 years.

Americas "soft power" the sort of hollywood blockbusters that made people want blue jeans, coke, Marlboro, and McDonalds aren't there anymore. It doesn't look so great for the USD.

[Anonymous No.28063037]

>>28062588
I think you have the correlation mixed up. A higher demand for labor will give rise to higher wages and policy makers set min wage higher in response.

[Anonymous No.28063136]

>>28062883
>buy it to use in computer chips/jewellry

I thought this argument was a straWman made to discredit Gold holders HAHAHAHAHAHAHA.

[Anonymous No.28063334]

>>28062970
>spreading Nazi propaganda videos
>pretending that Government Agencies are Rothschild bank employees
>pretending that Fiscal Policy isn't the wheelhouse of Congress and Monetary Policy isn't the wheelhouse of the Chairman of the Fed, who is a public servant

Do you even know who you actually work for?

[Anonymous No.28063335]

>>28062884
(Bankers)

[Anonymous No.28063412]

>>28063334
There are no nazis here, opinions discarded.

[Anonymous No.28063531]

>>28063412
>Stefan Molyneux video
>Not Nazi propaganda

[Anonymous No.28063590]

>>28062679
>>28062764
>>28062813
>>28062884
>>28062970

This is only bad for you if then majority of your net worth is in fiat currency. And only absolute fucking retards have the majority of their wealth in fiat currency. How many fucking times do we have to tell you /pol/tards that FIAT CURRENCY IS A FUCKING TOOL AND NOT FOR PRESERVING WEALTH??

[Anonymous No.28063598]

>>28063531
there you go again making zero sense with no proof. You're probably a racist.

[Anonymous No.28063964]

>>28061807
You're retarded if you think the USD is gonna last. We can't afford the perpetual wars and oppression it takes to prop it up. It's over, loser.

[Anonymous No.28063974]

>>28063598
I'm curious about something. Do you Nazi punks even know that you're pawns?

[Anonymous No.28064095]

>>28063598
>Le you're the real racist Uno card
You have to go back.

[Anonymous No.28064137]

>>28063036
>Americas "soft power" the sort of hollywood blockbusters that made people want blue jeans, coke, Marlboro, and McDonalds aren't there anymore. It doesn't look so great for the USD.

Again, it isn’t going away.

Literally ALL countries are depended on the US. The US controls SWIFT, you need $ to trade gas and oil and EVERY country needs oil and gas. The vast majority of money in the world is in US stock exchanges and guess what currency you need in order to trade in us stock exchanges? You guessed right faggot you need $. Want iPhones, McDonalds, Coca Cola, Oreos, Intel processors, Nvidia/AMD graphic cards, Amazon AWS, Facebook, Google in your shithole of country? You need $ faggot.

Sure you can go your own way like China and Russia and produce everything yourself but you will always fail for the simple fact that you aren’t a trend setter like the US is.

The only way the US will lose its hegemony is if a country invades it and this is sure af never happening.

[Anonymous No.28064306]

>>28061222
This is the most accurate and suscinct post in this whole thread.

[Anonymous No.28064578]

>>28063974
If you think Stefan Molymeme is a Nazi then you're a braindead retard who gets his opinions spoon-fed to him by the MSM. The irony of someone so helplessly incapable of thinking for themselves on such a low-level subject like some lolbert e-celeb telling someone else they are a pawn is beyond anything God ever intended humanity to be capable of.

[Anonymous No.28064732]

>>28064137
>He said, proudly displaying his ignorance and normalcy bias, as the dollar weakens day after day, the president does everything he can to kick off hyperinflation, and surrounded by people explaining him things clearly beyond his understanding

[Anonymous No.28064883]

>>28063974
i already told you there are no nazis here, so, you're just being cringe now

[Anonymous No.28064916]

>>28058952

Long CLF

https://stocktwits.com/symbol/CLF

$CLF
02/04/2021
>"New orders for manufactured goods in December, up eight consecutive months, increased $5.2 billion or 1.1 percent to $493.5 billion, the U.S. Census Bureau reported today."

https://www.census.gov/manufacturing/m3/prel/pdf/s-i-o.pdf

---------
$CLF
02/04/2021
>"US trade court dismisses challenge to Section 232 steel tariff"

https://agmetalminer.com/2021/02/04/this-morning-in-metals-us-trade-court-dismisses-challenge-to-section-232-steel-tariff/

[Anonymous No.28064966]

>>28061864
Because it is really only worth $8k. It's un a bubble because of speculators.

[Anonymous No.28064988]

>>28064578
I've literally heard Stefan Molyneux assert that white brains are physically larger than black brains from his own lips in a goddamned public interview. The interviewer, some fuck whose job is to pitch softball questions to rightwing whackjobs considered useful enough to the establishment to be legitimized by a friendly interviewer, actually murmured "wow" to himself when he said that. I've been chuckling over the last few years at the overwhelming number of lolbertarians who turned out to be cryptofascists waiting for the right time to put on their black shirts.

[Anonymous No.28065044]

>>28064988
>I've literally heard Stefan Molyneux assert that white brains are physically larger than black brains
ok and?

[Anonymous No.28065124]

>>28064988
waste of dubs, you're not OK in the head are you? Seeing "Natzees" everywhere, seeing "fash" stuff everywhere. You realize normal people don't think about this stuff right? It is some kinda anxiety disorder?

[Anonymous No.28065178]

>>28065044
checked, I guess this explains why/how he is racist. kinda sad really I feel bad for him that he lives in such a black and white world.

[Anonymous No.28065260]

>>28064988
Listen you braindead retard, human biodiversity research is not "Nazi." Facts about divergent evolution in humans is not evil or conspiratorial or insane. Your inability to break your conditioning of believing evolution somehow stopped at the neck and the only thing that matters is the environment when it comes to differences between people's is YOUR problem. Those of us who deal with reality on reality's terms are not "Nazis" just because you have a strong emotional attachment to your programming.

[Anonymous No.28065403]

Why is that whenever says "gibs" or complains about big government, it's always some low iq white trash redneck?

[Anonymous No.28065435]

>>28065260
This. HBD is steven pinkoid tier at this point. surprised more lefties don't jump on IQ research to justify giving more gibs to NIGGERS.

[Anonymous No.28065508]

>>28058952
>It's that simple. I am smart.
Kys

[Anonymous No.28065541]

>>28059911
>Inflation is completely irrelevant and hyperinflation will NEVER happen for USD because the demand for it will always be steady and rising.
The inflation the US exports to the rest of the world comes right back into western countries when their citizens move that money right back and buy up real estate lol
The more money the US prints to get shit for cheap, the more money other countries have to just start taking ownership, and it's the people that get fucked because they can't pay a million dollars for a shitty shack in the city they work.

[Anonymous No.28065642]

>>28061807
>hehe dumb pol users
You people are even more retarded than your staw man version of pol.

[Anonymous No.28065917]

>>28064988
>I've literally heard Stefan Molyneux assert that white brains are physically larger than black brains from his own lips in a goddamned public interview.

And? It's completely true:
https://www.psychologicalscience.org/observer/cutting-iq-down-to-size

Observation of fundamental facts isn't nazism, it's the conclusions that you draw form those fact.

[Anonymous No.28065983]

>>28060573
>>28059938
This is the best take. For comparison look at what they do through the IMF to Argentina, Ukraine, or Pakistan. Asset prices will fall, rates will rise ON PURPOSE to price out the middle class who can only buy with debt, leaving just those with cash left to sweep up and own everything.

All those panicked normies that FOMO'd into the housing market at the ATH because "muh low rates" will sell immediately seeing their home values go down. Then a player with fat-capital will buy their home and rent it back to them for 2x the mortgage. The ultimate cuckoldry. It happens over and over.

[Anonymous No.28066210]

>>28065983
So, is this guy wrong? >>28063590
>only absolute fucking retards have the majority of their wealth in fiat currency.

[Anonymous No.28066306]

>>28058952
DO YOU KNOW WHY THIS IS FUCKING HAPPENING?
IT'S BECAUSE FINANCIAL LITERACY ISN'T BEING TAUGHT IN PUBLIC SCHOOLS FROM ELEMENTARY SCHOOL ONWARDS.
IMAGINE A COUNTRY FULL OF CITIZENS THAT ALL INVEST THEIR MONEY FROM A VERY YOUNG AGE, UNIVERSAL BASIC INCOME WOULD ALREADY BE A THING BECAUSE EVERYONE WOULD HAVE A DECENT DIVIDEND PORTFOLIO THAT HAS ALREADY MATURED TO THE POINT OF ALLOWING FOR FINANCIAL INDEPENDENCE.
THE FIRST STEP WAS TEACHING THE MASSES TO READ, THE NEXT IS TEACHING THE MASSES TO MANAGE THEIR MONEY OTHERWISE EVERY COUNTRY WILL BE DOOMED TO THIS STUPID COMMIE SHIT.

[Anonymous No.28066360]

>>28066210
He's wrong to think anyone from /pol/ believes fiat is a good idea, but he is right that if you keep your money in fiat you are losing purchasing power every year.

Asset classes go in cycles. Commodities, currencies, and real estate. Currencies are the worst play right now and should be allocated to other asset classes. People who think we're headed for long-term deflation are flat out wrong.

[Anonymous No.28066503]

>>28059911
I don't know if you've noticed, but the US is being increasingly run by people who fundamentally hate it and seek to destroy it or sell it out

[Anonymous No.28066621]

>>28066503
He hasn't. He thinks the markets are normal, natural, and unmanipulated. He thinks the election was above-board and that nothing can ever really go wrong. That history ended when he was born.

[Anonymous No.28066728]

>>28066210
No because I should have clarified "cash" is synonymous with liquidity or assets convertible into fiat to transact when needed. There are shit tons of financial instruments smart money uses to store wealth while they wait like vultures.

[Anonymous No.28066760]

>>28059410
>if you aren’t in debt up to your eyeballs at this point it’s your own loss
not me because I'm a poor universityfag with my entire net worth in crypto, but I've been talking to this stuff with my parents over the last year and they now own a mansion and 2 condos in metropolitan highrises. Both have stable and pandemic-proof jobs. Feeling comfy AF bros

[Anonymous No.28066770]

>>28066210
No he's not wrong. You should keep your money in DEBT FREE assets, like the truly rich do. Most people don't own their own car, house, and many don't even own the stocks they're trading. Even crypto like BTC and ETH are propped up in price by people buying on either direct leverage via binance/aave, or indirect leverage by having financed buys with debt. The meme of people mortgaging their house to buy crypto is very real. There are dozens of threads a month on /biz/ of people taking out huge student/business loans to buy crypto. Crypto is heavily affected by leverage just like memestocks.

If you own the asset and never need to cash out, you are completely unaffected. However, if you have the asset collateralizing debt, then you're in serious trouble. Inflation is not going to wipe away your debt. It might wipe away government debt, as it's doing now, but unless the federal reserve is directly paying off your mortgage, it just means your rates are going up and you'll be left with nothing. People don't understand that they are not the government and don't get the same treatment from the Fed.

[Anonymous No.28067587]

>>28062883
If BTC price tanks, people will buy it, and the price will held up by the mining incentive, which is global and is much larger than domestic economy and US fiat. It is far superior to gold as it has many of the same qualities such as fungibility, but it is better because it is finite, and can be transported non-physically. BSV is a better implementation of these principals than BTC is, but either way, you are talking out of your ass.

[Anonymous No.28067890]

>>28065983
>>28059938
>Treasury yields can go up if the Federal Reserve increases its target for the federal funds rate (in other words, if it tightens monetary policy), or even if investors merely expect the fed funds rate to go up.
Have you seen Greg Mannarino's videos lately? Is he talking out his ass about the 10 year yield and dxy as leading indicators or is he on to something.
Some other economist speculated an interest rate rise isn't expected until January 2022, well after reopening / timelagged recovery.
Canada saw a big bounce back according to its economic #s and is speculated to increase rates in Mar/Apr.

[Anonymous No.28068062]

>>28067587
>the price is held up because miners can sell it for profit
>the profit comes from people buying
Does this sound like a particular type of scheme to you? I'm not a BTC bear but the real answer is people buy it because they want to sell it to someone else later for a profit. BTC is not some machine which magically makes everyone rich.

>It is far superior to gold as it has many of the same qualities such as fungibility, but it is better because it is finite, and can be transported non-physically
This is a complete abstraction. Lots of things can be transported non-physically and are non-finite. What about NFT tokens? I can make one called 'BTCNFT' and just make 21 of them. Are they automatically better than BTC?

This is the same argument as the people who buy artwork over gold as a store of value. It's apples to oranges. Edition 1 Pokemon cards are finite. Are they better than gold and BTC? What about beanie babies? I am only going to take so many shits in my lifetime, probably less than 21,000,000. Are they also inherently valuable? Would you like to buy one for $40k?

>BSV
BSV is a scam and you must be joking.

TL:DR "finite amounts of x" does not create value. Lots of things are far more finite than BTC and are not automatically valuable because of it. BTC has demand because people think they can buy it now and sell it later for a profit, not because it is valuable simply because it's limited in supply. Lots of things can be transported instantly including, any crypto under the sun. There is nothing special about BTC in that regard.

I'm a BTC bull btw, but what you're saying is just bubble mentality. It isn't sustainable.

[Anonymous No.28068490]

>>28068062
>Does this sound like a particular type of scheme to you?
No, miners put in the $ and electricity and get paid for it, its no different than mining gold.

>This is a complete abstraction.
It's called utility, not abstraction, it is something that makes it worth using.

>Edition 1 Pokemon cards are finite. Are they better than gold and BTC? What about beanie babies?
These are not finite, you missed the point, these can be counterfeit and there is no mining backing their value.

>BSV is a scam and you must be joking.
Look at the Bitcoin protocol, if anything is a scam, it is BTC pretending to operate under that protocol.

>TL:DR "finite amounts of x" does not create value.
No shit, its called utility, and BSV has more of that than any fiat, and crypto, and an asset claming to store value while lacking utility.

[Anonymous No.28069088]

>>28068490
>No, miners put in the $ and electricity and get paid for it, its no different than mining gold.
It's very different to mining gold. When you mine gold, you get gold. When you mine BTC, you get BTC, but if BTC only has value because new buyers are coming in, then what happens when the new buying stops or everyone already owns BTC?

>These are not finite, you missed the point, these can be counterfeit and there is no mining backing their value.
Edition 1 pokemon cards are finite in the same way BTC is. Yes, they can print edition 15 cards, but those aren't the same, in the same way you might argue making a new ERC shitcoin is also not the same as BTC.

>No shit, its called utility, and BSV has more of that than any fiat, and crypto, and an asset claming to store value while lacking utility.
>utility gives it value
Litecoin and DOGE have far, far, far more utility and are the most-used coins in terms of being used as currency for payments. Or even your precious BSV. So why aren't they valued higher than BTC? If BSV is so good, why isn't it worth 700 billion dollars?

The answer is because people can't buy it in the hope of becoming rich when they dump it on someone else. It's the exact same, but without the "meme magic" of "we're all going to make it when we dump on reddit and buy mansions". Only BTC has that.

[Anonymous No.28069435]

The 2008 subprime mortgage crisis was not an accident. It was a controlled demolition.

[Anonymous No.28069799]

>>28069088
>When you mine BTC, you get BTC, but if BTC only has value because new buyers are coming in, then what happens when the new buying stops or everyone already owns BTC?
BTC/BSV does not have speculative value like gold does (maybe BTC does, but not BSV). The value is of its utility as frictionless, global, non-physical, fungible, counterfeit resistant, etc… If everyone owns BTC/BSV, it will rise in value through deflation (lost coins, burned coins, scarcity). This new buying narrative is BS, Bitcoin is divisible infinitely.

>Yes, they can print edition 15 cards, but those aren't the same, in the same way you might argue making a new ERC shitcoin is also not the same as BTC.
This is why I mentioned mining, which prevents counterfeit coins. They are the same unless you have a trail of encryption, pokemon doesn’t, and quite frankly neither does USD.

>Litecoin and DOGE have far, far, far more utility and are the most-used coins in terms of being used as currency for payments.

Litecoin gets a pass, because it actually does have utility despite being an early BTC copy and an exit scam by a plagiarist, but doge lacks the utility of being finite, just look at the supply and how it is not capped, it is doomed to fail. The protocol allows hyperinflation.

[Anonymous No.28070148]

>>28069799
You didn't answer the real question in that post.
>If BSV is so good, why isn't it worth 700 billion dollars?
The answer is clearly not "the fundamentals are 300x worse than BTC". You are thinking on the same level of reasoning as the redditors who went all-in on NANO because "the fundamentals were better than bitcoin".

The only reason crypto goes up is because more people and people with more money become convinced they can sell it to someone later down the track for an increased price. That's it. There's nothing to do with "frictionless payments" ($100 transaction fees are arguably not frictionless), nothing to do with global, non-physical, or any other memewords you want to use. That's it. DOGE pumps, BTC pumps, whatever can be marketed as "buy this token and get rich quick" is what has "value".

If you were right and it was fundamentals, then BSV would be valued higher than BTC. It isn't. The only reason the market survives is greed.

[Anonymous No.28070633]

>>28070148
>If BSV is so good, why isn't it worth 700 billion dollars?
700 billion dollars USD? or what unit? People are retarded with money and want quick money that is grounded in thin air speculation. Money/value that is principled and rooted in fundamental economics takes longer to understand, and thus moves forward slowly. It is only a matter of time before BSV is the global unit that all other currency is measured in. The fact that so many still believe BTC is Bitcoin is testimony to problem, when all one has to do is read the whitepaper.

>The only reason crypto goes up is because more people and people with more money become convinced they can sell it to someone later down the track for an increased price.
You have a shallow and narrow minded view of why people buy crypto. Could it be that they see 1.9 trillion USD being printed from thin air, and might just want to preserve whatever value they have left in this (((shitty))) world?

[Anonymous No.28070893]

>>28070148
>There's nothing to do with "frictionless payments" ($100 transaction fees are arguably not frictionless), nothing to do with global, non-physical, or any other memewords you want to use.
yeah but that's why this
>people with more money become convinced they can sell it to someone later down the track for an increased price
happens
If crypto was missing all the bells and whistles that give it an advantage over fiat then no one would use it. Implicit value is not the same as explicit value. Enthusiasts show up first, promoting features as explicit values, but later the normies show up. Said normies, being braindead idiots, only perceive implicit value due to their proclivity to think with their tiny lizard brain instead of their big fat human brain.

[Anonymous No.28071223]

>>28070893
And when the normies show up, the enthusiasts change the protocol to enslave then normies into their side chain fee channels. Such as what happened on BTC, and now on ETH. All the while the spirit lives on in BSV, because BSV still has the bells and whistles, and low fee, scales, and works all the time, is the best fuckin coin out there.

[Anonymous No.28071866]

>>28070633
>preservation of value
nobody wants to do this, anon. If they did, value stocks or gold might be going up as well. People are just buying stocks they want to dump on other idiots. Look at the entire market. Anything which pays a dividend is languishing while anything built on speculation and hype has done at least a 10x. GME, NKLA, BTC, TSLA, DOGE etc etc etc. Even the traditional stocks with consistent dividends are being dumped for memes. There is nothing in this pump about "preserving" value and everything with "I'll get rich quick now, and then move into safe preservation stuff when I make it". None of these people is going to make it.

[Anonymous No.28072295]

>>28060810

He also cut 1.1 trillion in government spending you retard.

[Anonymous No.28072512]

>>28072295
source? did he actually cut 1.6 and then send 0.5 to israel?

[Anonymous No.28072561]

>>28070633
>You have a shallow and narrow minded view of why people buy crypto.
Tbh it seems he simply doesn't have any delusions about it.
>and might just want to preserve whatever value they have
Bullshit, it's the hopes of selling it onto someone else for more. Except for illicit trade it carries no other function.

[Anonymous No.28072606]

>>28071866
If you fail to believe that there are people who want to conserve the value that they have earned through utility, than I suppose you are economically illiterate, and you should consider reading Mises.

[Anonymous No.28072680]

>>28072606
That is a small irrelevant amount of people.

[Anonymous No.28072954]

>>28072680
and that fraction of the masses invests in utility, and they can call out a phony who doesnt understand economics on their queer 4chan post.

[Anonymous No.28074235]

>>28069799
Yes, but you forget that basic bitch humans would love to use Dogecoin to mask purchases. Agreed about the hyperinflation thing.

[Anonymous No.28074425]

>>28058952
I just learned about the Chicago plan, basically if we switch to full reserve banking, there would be little inflation and buying power would remain consistent. The only downside is bankers would make less money. They proposed it, then WWII happened and you know what happened next

[Anonymous No.28075499]

>>28062883
What if I told you that BTC pumps gold price.