/biz/ - Business & Finance

[Anonymous No.30012795]

>Michael Burry says Tether pumps bitcoin based on thin air
>random anon on 4chan says it's just fud and I need to pump his bags
who do I believe here

[Anonymous No.30012899]

>>30012795
Fuck off newfag we know tether prints money based on the value of their crypto holdings + a speculation premium.
>own crypto
>pump tether
>buy crypto to pump price
>crypto worth more now
>print more tether based on increase value
>pump crypto to pump
>rinse
>repeat
We just don’t care because because it’s been happening for years and it’s bullish as fuck now go back to plebbit nigger

[Anonymous No.30012937]

>>30012795
does it matter when its going to 250-400k eoy?

[Anonymous No.30012972]

>>30012795
>who do I believe here
Craig Wright, but not on anything other than markets and how Bitcoin works. Ignore everything else he talks about, especially pertaining to him announcing announcements about an announcement he will announce at a future date.

[Anonymous No.30013000]

This faggot is just mad that crypto doesn’t have any kike regulations on it designed to keep the goys poor.

[Anonymous No.30012998]

>>30012795
>believe burry or SAM BANKMAN FRIED
hmmm

[Anonymous No.30013051]

>>30012795
>literally who

[Anonymous No.30013060]

>>30012899
>We just don’t care because because it’s been happening for years and it’s bullish as fuck now go back to plebbit nigger
This also the central banks do this same exact shit in a different way.

[Anonymous No.30013111]

>>30012795
Crypto is a giant scam.

[Anonymous No.30013178]

Isn't Burry famous for predicting something too early and almost getting liquidated? I bet the right call is to copy all his positions a year after he makes them.

[Anonymous No.30013229]

>>30013060
This! Who cares since it is clown world and even a product-less ada can do a 10x in a few weeks!

[Anonymous No.30013257]

Nothing in the quoted text is correct; as expected from the boomers at “Michigan Law Review" appraising something that’s designed to remove them.

[Anonymous No.30013263]

>>30012795
the thing is burry usually backs his claims with data.
but this time he can't have any.

[Anonymous No.30013297]

Why do people give a shit what this Bury asshole thinks? We was right one time. And as in a move. What happened to his "investment in water"? Lmao. This guy is a retard. He sold GME right before the 10x run. The guy is a fucking moron.

[Anonymous No.30013306]

>>30012795
He's right, but the market is irrational. The tether collapse could be massive, or it could just never happen because "fud" and "up only".

I mean, we have vaporware projects valued in the 10s of billions of dollars here.

No one can know when the rug pull is, except tether.

[Anonymous No.30013326]

>>30012972
if you believe anything craig says you ngmi

[Anonymous No.30013340]

>>30013000
No, he's just pointing out the space is over leveraged and rampant with fraud causing crazy valuations based on that fraud.

Literally the big short. Hes too early again though. Also another interesting thing he points out is how BANKING KIKES are in the middle of Bitcoin transactions despite Bitcoin being about REMOVING KIKES from their control of the monetary system.

Again Craig is Wright.

[Anonymous No.30013413]

Holy fuckin based

[Anonymous No.30013524]

BTC is fake Bitcoin with excessive fees that necessitate third parties and middlemen preventing it's use as peer-to-peer electronic cash. BSV, with low fees, which functions as peer-to-peer electronic cash, is being suppressed.

[Anonymous No.30013594]

>>30013524
Whoa based

[Anonymous No.30013613]

>>30013413
Can someone explain to a brainlet what this means? Free market capitalism = based?

[Anonymous No.30013658]

>>30012899
What happens in this situation when the price of BTC goes down?

[Anonymous No.30013706]

>>30013613
It means critical theory kills innovation and we are all fucked if we don't purge the universities.

[Anonymous No.30013789]

>>30013297
>>30013263
Newfags don’t know Tether / Ifinex (yes, Infinex not Bitfinex) shows he’s 100% right
>it just doesn’t matter right now

[Anonymous No.30013903]

>>30013706
We need to purge a whole lot more than the universities, senpai.

[Anonymous No.30013938]

>>30013524
This
>>30013658
Money is outflowing from BTC / alts to USD or USDT or UDSC. Similarly to what we saw with the miners dumping thousands of BTC per day last week causing the crash, only to sideline the funds to purchase cheap alts.
>then the cycle repeats all over again
It’s a beautiful scam, and a great way to teach newbies about how the global financial system is propped up on hot air
>most nations do this with their local currency / assets

[Anonymous No.30014316]

>>30013938
>>30012899
the perspective

[Anonymous No.30014468]

>>30013413
Gott damn that's some marble statue philosopher level shit.

[Anonymous No.30014560]

>>30012795
You appear to be missing the entire point of this board.

[Anonymous No.30014637]

>>30013340
no, he's retarded and has no fucking idea that CoinBene is actually LYING about their volume
if you remove the fake volume exchanges, the tether buying bitcoin becomes null
your fucking "crypto-anonymous" research was done by a moron who does not understand the crypto markets

[Anonymous No.30014731]

OP will dodge my reply because he is also retarded

[Anonymous No.30014868]

how can they just print tether? dont they have to pay it back? isnt that just double spending? WHAT THE FUCK

[Anonymous No.30014878]

>>30013789
you're the newfag if you think 80% of all crypto volume isn't fake

[Anonymous No.30014944]

>>30014868
It's a free-for-all. They got fined $18m but who cares when you can just print more tether to pay the fees.

[Anonymous No.30015013]

>autist
>posted crime stats
>also made posts about election fraud after the 2020 election
Burry is clearly a pol user.

[Anonymous No.30015116]

>>30012795
Zero fucks, theres only so many of it and you better get yours. Its undervalued.

[Anonymous No.30015301]

hand wringing and pearl clutching about bitcoin the last ten years never made anyone rich.

[Anonymous No.30015360]

>>30013413
i see craig wright and michael burry share the same views. based

[Anonymous No.30015450]

>>30013297
He's been more than right once. He's not going hold gme at some absurd value. Fuckers like you don't deserve to breath. I'm almost sure you don't have any money so why even hang around here?

[Anonymous No.30015476]

>>30015360
Wright said European achievements werent all white men and referenced some woman on an island off Greece as an example.

[Anonymous No.30015478]

>>30012795
Please explain how Tether can effect BTC? It's 1%. If all Tether disappeared then at MOST it can effect 13~ something billion out of a trillion.

It would be like claiming removing 50 cents out of 10 dollars makes the 10 dollars now 1 dollar.

Where am I going wrong with my thinking on this? It's also not like Tether is used only with Bitcoin.

[Anonymous No.30015479]

>>30012795
>Nakamoro

[Anonymous No.30015493]

>>30014637
>all volume I don't like is fake

[Anonymous No.30015518]

>>30012795
TRUST TEH BANKERS GOY

EAT THE BUGS

[Anonymous No.30015557]

>>30015013
He probably got redpilled by working around kikes his whole life.

[Anonymous No.30015571]

>>30013051
go back

[Anonymous No.30015592]

>>30015476
See >>30012972

[Anonymous No.30015670]

>>30015518
That isn't at all where hes coming from. He supports hard money. That doesn't mean there isn't massive fraud happening.

[Anonymous No.30015711]

>>30015476
shut up faggit

[Anonymous No.30015723]

>>30012795
At least he's admitting the problem which
can be fixed. Not your keys not your crypto. Buy from intermediary, get to wallet. Then when banks actually start accepting crypto, exchange at bank.

No one wants to use coinbase, bitfin, tether. He's actually warming up to the idea now.

[Anonymous No.30015789]

>>30015013
>also made posts about election fraud after the 2020 election
wtf please don't tell me he believes in this shit. I'll lose so much respect for him if he does. Someone as smart as him is surely a Democratic socialist (aka BERNIE supporter).

[Anonymous No.30015814]

>>30015592
He wants to tank the entire market in order to make his kosher fed friendly coin #1, so court orders can be made to stop the chain and take bad goyims funds away. Guy literally worked for homeland security trying to crack encryption.

[Anonymous No.30015957]

>>30015478
Brainlet take. There are 35 billion tethers, yes, but there aren't 1.5 trillion dollars in crypto just waiting to be withdrawn. Inflation is a function of monetary supply times transaction volume per day. Bitcoin is priced in Tether, not USD. Even in the most bullish BTC scenario, at 7 transactions per Tether per day, that's 200 billion of bitcoins marketcap based on thin air. If you're a doomer and think that the 80% tether volume which goes USDT-BTC-alts would cause a nightmare feedback loop, then around 80% of the marketcap is worthless. The truth is probably somewhere in between.

>>30015723
But doesn't that destroy BTC as a functional asset? If you can't afford to hold it yourself because Blockstream and the banks have (via transaction costs) forced you to use an offchain third party intermediary, what even is the point. At least gold you can hold personally and is free to transact. Even reddit memecoins like NANO or DOGE seem to have better fundamentals.

[Anonymous No.30015959]

>>30015723
>when banks actually start accepting crypto, exchange at bank
And leave it there. Because by the time banks are onboarding customers the fees to send it anywhere without using a bank as a third party will cost hundreds if not thousands of dollars. Hell, maybe even more than that.

[Anonymous No.30016003]

>>30015789
only dumbfucks aren't savvy to the election fraud by now, which has been going on for decades prior to the 2020 election.
Hillary rigged the election against Bernie in 2016 btw; he had evidence thereof and sat on it in exchange for another house.

[Anonymous No.30016039]

>>30015814
Bitcoin is legal and neutral. BTC requires banking to be used. See >>30015959

[Anonymous No.30016125]

>>30015957
>80% of the marketcap is worthless
Probably

[Anonymous No.30016141]

>>30014468
>>30013613
>>30013413
Egalitarianism as a Revolt Against Nature, and Other Essays
https://mises.org/library/egalitarianism-revolt-against-nature-and-other-essays

[Anonymous No.30016267]

>>30012795
Don't forget this faggot invested also in fresh water and land and sold it years ago because he was wrong.

[Anonymous No.30016332]

>>30016267
https://youtu.be/2sWhvOaavTQ

[Anonymous No.30016371]

>>30012795
>chuck e cheese token price is propped up against the scam token by a scam token created out of thin air

who cares at this point

[Anonymous No.30016553]

Imagine how rich burry would be if he also understood momentum trading. Or is it impossible to be autistic and understand momentum trading simultaneously?

[Anonymous No.30016678]

>>30016371
It's really all about power. The bankers want BTC to just be another asset for them to control access to.
See this timestamp to the end of the video:
https://youtu.be/hXUOSCGfuJA?t=719

[Anonymous No.30016804]

>>30016678
>See.. what people don't understand is Bitcoin, with a stable protocol, takes away power. If no one can change the protocol, not me, not God, there's no power in money. Money is all about power, and this one of the things Bitcoin has done, it has removed that power; it will remove that power globally.

[Anonymous No.30016811]

>>30012795
sneed

[Anonymous No.30016870]

Honesty if true, that's based and Fedpilled for Tether. Buy bitcoin sell some print tether buy more bitcoin, rinse and repeat Infinite money. get fucked Federal Reserve.

[Anonymous No.30016887]

>>30016267
the dudes track record is actually insane, he was an autistic doctor that got into investing from reading books and posting on stock forums in college in the 90s, his dad died and he got 50k from his life insurance policy and he used it to start investing, he picked the top of the dot com bubble and shorted tech stocks all the way down and made millions, opened a hedge fund where he was making an average of 50% a year and turning away money, then he shorted the housing market in 2008 and made hundreds of millions, he closed his hedge fund down at that point and only came back like a year ago and his largest positions were gamestop and bed bath and beyond which he bought at like $4 and google calls he bought back when google was like $1200.

the land and water thing is the only thing anyone can even fault him over in like over 2 decades of investing and he didnt even lose money on those positions he said he closed them with a small profit

[Anonymous No.30016940]

>>30012795

love Michael Burry but he sounds like Peter Schiff when he posts about bitcoin/crypto, like he's totally out of the loop

[Anonymous No.30017078]

>>30016887
yeah but he's going to get rekt on his crypto shorts and he's doing his best to stop it

[Anonymous No.30017130]

>>30012795
>blah blah blah
Post your short burry, or gtfo

tether fud has been dispelled if you read the findings. banks fucked over tether and didnt allow them access to their funds, therefore tether's claimed they were backed 1:1 with real dollars are all times were false. and thus, new york bans them

it's a load of hog shit, they had the dollars/assets the entire time, banks just kept fucking them over

[Anonymous No.30017176]

>>30017078
he said he wouldn't short crypto

[Anonymous No.30017213]

>>30017176
everyone on the internet lies, i'm getting a blowjob right now

[Anonymous No.30017338]

>>30017176
That tweet seems quite reasonable, and shows what the ultimate test for crypto will be.

[Anonymous No.30017360]

>>30017213
I'm telling the truth right now. You're a dumbfuck, take a remedial logic course.

[Anonymous No.30017369]

>>30013297
I think hes having a meltdown. Its happening to others, too. Its always been a thing but now everything is public. He deletes his tweets which means hes wrestling with the impulse which is good- he should talk to a therapist.

Guys this is what twitter can do to your reputation, even if, like Michael, its not your fault

[Anonymous No.30017414]

>>30017360
your mother is giving me the blowjob

[Anonymous No.30017450]

>>30017369
nobody gives a shit about your worthless ad hominem speculation, you armchair Freud

[Anonymous No.30017577]

>>30015450
How are your water stocks doing, faggot? Were your parents proud when you told them you only buy water stocks?
Burry is a MASSIVE faggot who calls himself a female name and deletes his tweets just to be emo. You are a fucking fanboy. He gets almost liquidated ALL THE TIME and then barely breaks even in the end.

[Anonymous No.30017604]

>>30017414
Your dad is shitting on my chest.

[Anonymous No.30017646]

>>30017604
everyone shits on your chest

[Anonymous No.30017701]

>>30017577
>He gets almost liquidated ALL THE TIME and then barely breaks even in the end.
demonstrably wrong

[Anonymous No.30017708]

Who is Michael Burry? Sorry, I dont know anything about KIKE MARKETS, I only trade crypto. Anyone can tell me everything, since the beginning? In details, please.

[Anonymous No.30017713]

>>30017577
I didn't buy waterstocks or gamestop. I don't worship him. You type like an epic faggot.

[Anonymous No.30017778]

>>30017708
why don't you google his name you retarded GOY or can you only eat out of the hands of others like the cattle you are?

[Anonymous No.30017913]

>>30015957
Gold is free to transact? Are you fucking stupid?

[Anonymous No.30018067]

>>30017913
I can hand gold back and forth with someone from now until the end of time and the fees are $0, anon. A single bitcoin transaction can be hundreds and uniswaps at peak times can go over $500.

I don't know what level of cope you're on but you need to come down from it. You might be thinking "but someone needs to mine it!!!!" but that's only once in its history. Once it's above ground you can trade it forever. Bitcoin needs to be constantly validated by miners, whereas gold doesn't, which is why it's free to move.

[Anonymous No.30018114]

>>30017713
Michael Burry doesn’t know anything about crypto. Read the tweet again, who the fuck is “Nakamoro”? Lol. Burry misses the limelight and is just trying to stay relevant. He has gone on record saying the US Dollar, Index Funds, and Bitcoins are all going to crash. He has predicted 50 of the last 1 crashes. Go wipe your sweaty dripping man crush ass.

[Anonymous No.30018135]

>>30017778
Google only return fan pages here. So I want to know the opinion of kike specialists like you, KIKE.

[Anonymous No.30018190]

Dump your crypto into this fool's rally and exchange it for silver and silver stocks, best trade you'll make in your life. Don't be delusional.

[Anonymous No.30018267]

>>30018067
>I can hand gold back and forth with someone from now until the end of time and the fees are $0, anon.
Kek ask me how I know you never bought or sold gold irl.
No one respond to this guy I want his wife to suck for sats.

[Anonymous No.30018294]

>>30013051
le big short plebbit gawd

[Anonymous No.30018334]

>>30018114
>He has predicted 50 of the last 1 crashes
what's your bank account and what's his? That's all I need to know, faggot

>>30018135
get bent lol

[Anonymous No.30018357]

>>30013178
this

he underestimate human stupidity a classic 160 IQ trap, assuming people will behave rationally in a large organized system.

[Anonymous No.30018383]

>>30017646
False. I only let the fathers of failed tranny sons do it.

[Anonymous No.30018443]

>>30018334
>having a bank account
Kys normie scum gtfo our crypto board.

[Anonymous No.30018481]

>>30018067
Bitcoin transactions cost 1/100th of a penny. BTC is not Bitcoin. Bitcoin is an electronic peer to peer cash system. BTC is a backend bank to bank settlement system.

[Anonymous No.30018486]

>>30017450
For me, its Kierkegaard, brainlet

Faggots with low EQ up ITT who would've thought

[Anonymous No.30018489]

>>30018067
Can you sell someone a private key to a Bitcoin wallet for free? It may not be safe to do but it’s not much more dangerous from meeting in a parking lot to sell gold bars

[Anonymous No.30018530]

>>30013524
BSV better fucking moon, I hot a suicide bag just in case

[Anonymous No.30018573]

>>30018489
People who propose this as a solution to the problem bankers created on BTC are purely coping.

[Anonymous No.30018586]

>>30012795
>Nakamoro

[Anonymous No.30018638]

>>30018443
85 IQ nigger fuck off

>>30018486
namedrop if you want, your uninformed speculation is still as worthless as dogshit

[Anonymous No.30018655]

>>30018443
You're a fucking loser dude.

[Anonymous No.30018688]

>Michael Burry right about GME
>Now everyone is discussing about Michael Burry
after a decade
>Now he's projecting the idea of a doom and gloom scenario of hyper-inflation, Stock market crashes, Bullish on Uranium, and every horrifying aspect of American life while larping as an Ancient Greek priestess.

I really don't know what to do at this point. What will you guys do?

[Anonymous No.30018800]

>>30017414
this post becomes 10 times funnier if you read it in an indian voice

[Anonymous No.30018805]

>>30013178
>>30018357

Read The Big Short. Burry started 'shorting' the housing bubble in 2005 by purchasing credit default swaps from Deutsch Bank and a few others. He couldn't make his investors understand what he was doing and even the brokers selling him the swaps didn't understand the consequences. In 2006 the broker from Deutsch Bank, Gregg Lippmann, realized what Burry was doing and offered to by back a signigicant portion of the swaps that Burry was too over-leveraged to safely hold through investor FUD.

[Anonymous No.30018862]

>>30018638
>SERGAY NAKAMORO IS A KNOWN SCAM ARTIST
>YOUR A N-N-NIG

[Anonymous No.30018951]

>>30018862
what the fuck are you talking about now you mong?

[Anonymous No.30019055]

>>30012795
Burry has predicted 10 out of the last 2 collapses

[Anonymous No.30019132]

>>30019055
LOL did you make that up yourself?

[Anonymous No.30019135]

>>30018530
>BSV better fucking moon
You're telling me, senpai.

[Anonymous No.30019222]

>>30012795
>>30012795
>still memeing this 2017 fud
this burry faggot is the epitome of a midwit at the moment. i would expect an autist like him to be like tim draper /peter thiel and see the value of bitcoin early on. also how can he still ride the hype of that movie? the movie is 6years old and his 'amazing' trade happened 13 years ago

[Anonymous No.30019278]

>>30018688
>hyperinflation
>stock market crash
some mainstream investors are talking about these things already.
I guess you should buy some precious metals and stock up some food/ammo.
Also make sure you dont have loans with adjustable rate or no loans at all if youre going to be jobless.
I donno what other things I should do right now.

[Anonymous No.30019397]

>>30018805
He couldnt hold them?

[Anonymous No.30019445]

ITT:
Too many jerkoffs who larp as high thyroid traders that are ‘tether woke’ who think they will get fiat rich by timing the decline of BTC.

Not enough:
Actual crypto people who long ago realized tether is a scam, don’t care about bitcoin dominance and realize a Tether implosion is longterm bullish for DeFi.

[Anonymous No.30019484]

>>30019222
Wasted digits. He sees the value in Bitcoin. That's besides the point.

Are you implying he didn't think houses had value back in 2008?

[Anonymous No.30019551]

>>30019445
DeFi is Bitconnect for people slightly smarter than the ones who fell for scams like Bitconnect.

[Anonymous No.30019749]

>what is a paper wallet

[Anonymous No.30020077]

>>30012795
>muh Michael Burry

[Anonymous No.30020510]

>>30018443


>our crypto board

shut ya ass mouth mf.
what are you ? 15 y/o newfag?

[Anonymous No.30021202]

>>30013613
some animals are more equal than others...

[Anonymous No.30021889]

>>30012899
so tether is a this cool financial engine that powers up bitcoin and alts against the monolithic fake and gay jewish debt fraud system
thats neat

[Anonymous No.30022083]

>>30020510
Shut your dick hole, faggot

[Anonymous No.30023095]

>>30012899
BASED. Faggots are just seething because the centralized pieces of shit in the establishment don’t like it when they get treated to their own medicine.
>NOOOOOOO YOU CANT JUST PRINT MONEY TO INFLATE THE VALUE OF YOUR ASSET
>ONLY WE CAN DO THAT BECAUSE WE’RE THE FED AND WE AUTHORITY, GOY

[Anonymous No.30023453]

I don't even know what this 'tether' is

[Anonymous No.30023729]

>>30017176
He's unrionically right. If you're looking for low-risk & long-timeframe returns crypto is not the place to put your money into. Anyone on this board will tell you BTC is doomed to fail eventually but blockchain technology will thrive. We've yet to see if we're in another .com bubble that's too far ahead of its time but it is indeed high-risk. As someone with millions to play with, Michael is right to neither short nor long it in the short term.

[Anonymous No.30023841]

>>30018481
>BTC is not bitcoin
Stop playing semantics to sound smart retard, you know what we mean.