/biz/ - Business & Finance

[Do better No.29120189]

>NEW PARADIGM!!!!!!!!!!!!

[Anonymous No.29120230]

>>29120189
Sell it faggot

[Anonymous No.29120257]

>>29120189
Same fud. Gay in all fields

[Anonymous No.29120259]

>>29120189
zoom out

[Do better No.29120408]

>>29120230
>>29120257
>>29120259
>

[Anonymous No.29120535]

>>29120189
looks like one of our lowcap pumps we do
one planned tomorrow, invites just opened
discord gg/XXtjSHftnx
managed 35% last one, but only due to shitty internet here in Syd. Hoping for more tomorrow

[Anonymous No.29120664]

the only legitimate money in crypto

[Anonymous No.29120682]

>>29120189
I'm just curious how high it's going to go before it crashes.

[Anonymous No.29120707]

>>29120189
>MOM IF I JUST PUT IN ON 10 YEAR NON-LOGARITHMIC SCALE I CAN MAKE BTC LOOK LIKE PND
Neck yourself subhuman

[Anonymous No.29120768]

>>29120189
Is it reasonable to invest into crypto savings accounts? 12% a year on stablecoins is nice.

[Anonymous No.29120888]

>>29120682
>crashes
We blue chip now son.

[Anonymous No.29120911]

>>29120768
Its a safe investment but probably wont be 12% a year in bear market

[Anonymous No.29120927]

>>29120230
200K EOY

[Do better No.29120936]

>>29120888
>NEW PARADIGM!!!!!!!!!!!!

[Anonymous No.29121046]

>>29120911
what is?

[Anonymous No.29121085]

BUY BUY BUY RETARDS

[Anonymous No.29121088]

>>29120911
Hmmm I'm talking about stablecoins like USDT, USDC, EURS.

[Anonymous No.29121103]

>linear charts

[Anonymous No.29121155]

>>29120189
nothing has fundamentally changed and yet the price is over 50,000
-peter Schiff

[Anonymous No.29121161]

>>29120189
Still 15k BTC leaving goybase per week. Unless you are an absolute retard you'll never expect a top anytime soon.

[Anonymous No.29121236]

>>29120189
>not logarithmic

[Anonymous No.29121244]

>>29121155
What has fundamentally changed about gold?

[Anonymous No.29121290]

>>29121088
the only reason there are these apys on stables is because everyone is borrowing them to buy more of other crypto. In a bear market it will be the reverse, people will borrow assets to sell them and rebuy lower, and not stables, so the demand will be lower and the returns for the lenders too.

[Anonymous No.29121389]

>>29120259
You mean zoom in. He's showing the maximum out.

[Anonymous No.29121397]

>>29121290
Ok, makes sense. But at least the principal shouldn't be at risk (no more than in a bull market).

[Anonymous No.29121408]

>>29121244
Are you under the impression that gold is up 500% in the last couple months as well? It is actually down slightly.

[Anonymous No.29121449]

>>29120189
Wikipedia should add this image as the textbook example to the following articles:

https://en.wikipedia.org/wiki/Pyramid_scheme
https://en.wikipedia.org/wiki/Economic_bubble
https://en.wikipedia.org/wiki/Tulip_mania

[Anonymous No.29121511]

>>29121449

[Anonymous No.29121512]

Dude, this time's different. We are not even at the top now. That said buy BAKE and 10x your portfolio, you still have time

[Anonymous No.29121616]

>>29120189
Try squishing the chart a little harder lol.
Why not make it a 10-year candle so it looks like all it ever did was moon.

[Anonymous No.29121741]

>>29120189
ITT: Seething nocoiners.

[Anonymous No.29121830]

>>29121616
regardless of the meme chart, can you provide me of any example of an asset that had a healthy, sustainable 500% increase over the course of a few months?

These sorts of pumps are unironically bad for the long term viability of crypto. Some of us are actually interested in the technology beyond short term pump and dump schemes.

[Anonymous No.29121853]

>>29120936
Nocoiner cope

[Anonymous No.29121878]

>>29121397
thechnicaly yes, the only risk is that the lending contract or the stable itself for whatever reason shit themselves.

[Anonymous No.29121995]

>linear

[Anonymous No.29122015]

>>29121830
>regardless of the meme chart, can you provide me of any example of an asset that had a healthy, sustainable 500% increase over the course of a few months?
Bitcoin many times throughout its history.
And ETH, and Link, etc.

[Anonymous No.29122055]

>>29120189

[Anonymous No.29122129]

>>29120189
>>29120408
>>29120936
Let me tell you the hundredth time this week that there is nothing new about it and we're halfway into they bull cycle. Nothing new, same cycle

[Anonymous No.29122138]

>>29122015
>Bitcoin many times throughout its history.
What you are failing to realize is that BTC is in fact a huge pyramid scheme and a speculation bubble. BTC itself is useless, the real value lies in altcoins like ETH.

[Anonymous No.29122168]

>>29120682
It could just go up forever, like Amazon.

[Anonymous No.29122177]

>>29122015
I think you missed the words "healthy" and "sustainable"

>dont worry! it will climb back after the next 80% crash too!

yes but it is also inviting regulation if it blows up spectacularly again. you do know there were gamestop hearings going on yesterday? Many politicians would love nothing more than an excuse to regulate the fuck out of crypto.

[Anonymous No.29122176]

>>29122138
>BTC is in fact a huge pyramid scheme
Literally every investment ever is one too, then.

[Anonymous No.29122191]

>>29122138
Utility does not equal value bro

[Anonymous No.29122220]

>>29122177
>I think you missed the words "healthy" and "sustainable"
Bitcoin pumped hard many times in its lifetime, starting at sub-$1.

[Anonymous No.29122343]

>>29122220
are you literally retarded. my entire point is that these massive pump and dumps are bad for longterm viability of crypto. Just because it has done it before doesn't prove it works. It just makes the case easier for regulation and delegitimizes it.

[Anonymous No.29122346]

>>29121244
we can transmute materials to create indistinguishable fake gold and every functionable purpose of gold can be performed better by cheaper alternatives so its worthless now

[Anonymous No.29122445]

>>29122343
>are you literally retarded
You're talking about sustainable pumps.
Were the pumps from sub-$1 to $1k not sustainable for you?

>my entire point is that these massive pump and dumps are bad for longterm viability of crypto
Apparently you're very wrong.
Bitcoin has experienced many huge pumps followed by massive dumps; yet here we are.

You're not a very smart person.

[Anonymous No.29122582]

>>29122445
>we've managed to escape previous crashes, therefore pump and dumps aren't a problem

The US came out of the crash of 29 fine after a decade and a war. I guess it didn't matter then.

[Anonymous No.29122768]

>>29121408
I mean, what changed about gold since 500 BC?

[Anonymous No.29122823]

God I wish I had bought in 2015. Why was I such a fucking pussy. Now I am doomed to wageslave another 10 years minimum. Just end me

[Anonymous No.29122835]

>>29122582
>therefore pump and dumps aren't a problem
Look at the chart, homeboy.
Those "pump and dumps" you find so problematic have been happening ever since BTC was sub-$1.
And now look where it is, so many "pump and dump" cycles later.

You are dumb as a brick.

[Anonymous No.29122854]

>>29122768
can you please point to a chart where gold has performed as bitcoin has over the last few months

[Anonymous No.29122924]

>>29122835
you don't seem to get it. just because it has survived previous, doesn't mean this won't be the time that the regulation hammer drops. You have no idea how many people are chomping at the bit for any excuse to neuter crypto.

[Anonymous No.29123004]

>>29122924
>just because it has survived previous
It hasn't just "survived" previous pump and dump cycles, it has THRIVED off them.

>s-surely the regulation hammer will drop any time now!
lol

[Anonymous No.29123047]

>>29122924
>You have no idea how many people are chomping at the bit for any excuse to neuter crypto.
Do you have any idea how many Wall Street firms are diversified in crypto?
Fucking Blackrock just came out and said as much.

Also, pic related.

[Anonymous No.29123121]

>>29123004
if you think pump and dumps are a feature and not a bug, you have very different interest in crypto than I do. by all means, continue to gamble. I made some nice money this bullrun too. But I'm smart enough to realize this isn't healthy.

[Anonymous No.29123154]

>>29123121
>if you think pump and dumps are a feature and not a bug, you have very different interest in crypto than I do
Anon, Bitcoin has seen nothing but pumps and dumps since sub-$1, and look at it now.

How are you this retarded?

[Anonymous No.29123167]

>>29123047
>Do you have any idea how many Wall Street firms are diversified in crypto?
you know that actually makes me nervous. we had a monster bubble but for the hedgies stocks hyperinflating is not good enough now. soon they turn to p&d shitcoins.
the monster bubble became the MOAB (mother of all bubbles)

[Anonymous No.29123196]

>>29123121

It seems to be a feature of the world economy with the boom and bust cycle, so why don't you fuck yourself with your bitching?

[Anonymous No.29123209]

>>29123167
>we had a monster bubble but for the hedgies stocks hyperinflating is not good enough now
... what?

[Anonymous No.29123428]

>>29123121
Imagine thinking something as new as crypto wouldn't be insanely volatile with huge boom and bust cycles (until the market matures) and then unironically proclaiming you are smart

Here's an idea, shut up fag

[Anonymous No.29123521]

>>29123154
seems like a very reliable store of value then. as long as you don't need it during the years long bear markets and make sure to cash out at precisely the right time to avoid losing a significant portion of your value.

remind me how that is healthy behavior for something that is supposed to be a store of value

[Anonymous No.29123565]

>>29123521
>seems like a very reliable store of value then.
lel, ya think?

>something that is supposed to be a store of value
It's supposed to be decentralized cash.

[Anonymous No.29123578]

>>29121741
as a nocoiner how do you expect me to buy when the graph looks like >>29122055

[Anonymous No.29123665]

>>29123521
This is exactly how gold is you retard. It spent half a decade in bear market in early 2010s and only now did it get back to 2011 numbers. Is gold not a store of value you dumb fuck

[Anonymous No.29123688]

>>29123428
cycles are inevitable. They don't have to be 1000%+ speculative bubbles followed by 80% crashes.

[Anonymous No.29123712]

>>29121155
He's just wrong though. Public awareness/perception is continuously increasing and it's one of the biggest fundamentals. Based on that alone we are undervalued by at least an order of magnitude, probably more.

[Anonymous No.29123733]

>>29120682
100k - 104k. Somewhere around there.

[Anonymous No.29123757]

>>29123665
nah gold is a money sink. it will lose you purchasing power over time and cost you big on fees premiums and expenses of storage and security.

gold is insurance against a specific type of collapse not store of value.

[Anonymous No.29123774]

>>29123565
ok, nevermind, I'm done with this. bitcoin isn't viewed as decentralized currency anymore. it is viewed as digital gold, a store of value. you don't even know what you're investing in

[Anonymous No.29123865]

>>29123774
it's not digital gold that's an insult. bitcoin shits all over gold so badly it hurts to watch.

even 2% exposure in bitcoin will make your portfolio not get raped on inflation. if the risk is too much for you then limit your exposure.
what would 2% gold accomplish? it's a joke.

[Anonymous No.29123965]

>>29123578
lmao, yeah what a terrible terrible chart.

>>29123774
>bitcoin isn't viewed as decentralized currency anymore. it is viewed as digital gold, a store of value. you don't even know what you're investing in
You can view it as whatever the fuck you want, fact is that it is a decentralized digital medium of exchange.

[Anonymous No.29124052]

>>29122055
Let's draw a dick!!!!

[Anonymous No.29124230]

>>29123578
Not surprised a nocoiner doesn't know how to look at a chart.

[Anonymous No.29124456]

>>29120189
media coverage

[Anonymous No.29124656]

>>29120768
You can lose your deposit. Basically like buying a junk bond

[Anonymous No.29125118]

>>29121389
>>29120408
fucking newfags dont get a joke

[Anonymous No.29125220]

It unironically is a new paradigm as we now have institutional and normie investor exposure... hell even tesla owns bitcoin now. This is just the new price. Deal with it. Hope you accumulated when you had a chance.