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/biz/ - Business & Finance

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4767170 No.4767170 [Reply] [Original]

>> No.4767207

>>4767170
were gonna see some real life mr robot shit

>> No.4767223

>central banks
Well that’s the one entity whose doomsaying is bullish for crypto.

>> No.4767266

Its gonna be just like silver did in the 80s CRASH AND BURN BABY WOOOOOOO

>> No.4767326

>>4767223
>Central Banks say don't get into alternative monetary storage.

Shocker.

>> No.4767328

>>4767170
the major flaw in bitcoin and cryto has always been fiat into bitcoin. central banks only need to apply pressure unto visa and mastercard and the whole thing goes Poof

>> No.4767387

>>4767328
Nah nigga this would just birth more new ways to transfer and so on and so forth, you cant stop natural progression

>> No.4767397

>>4767328
I don't use visa or MasterCard to get my crypto.
Also every back would have to apply pressure and even then they still might just say fuck you and go harder in crypto since people will need visa and MasterCard more than they need their dime a dozen bank.

>> No.4767427

I would enjoy it, this site especially is an ongoing drama

>> No.4767441

>>4767328
ya all these idiots on here say "muh the gubment cant ban crypto nobody can!" you sure about that? you think its a pain in the ass to cash out now wait til they take down the exchanges and make USD pairs illegal

>> No.4767509

>>4767441
thats why im so heavily invested in DEXs

>> No.4767514

>>4767397
What these wall st faggots do best is stay way ahead of us with information, they'll get tipped and short us to shit right before our normie reinforcements are cut off. After that the normies will never make it, they arn't going to apply any fucking pressure to buy into sliding prices, they'll thank their banks for saving them

>> No.4767649

>>4767514
the only solution is make crypto to big to fail. Make it a multi trillion dollar industry. Fuck with us, well take the global economy down with us.
Whales with crypto should start donating to pro-crypto candidates

>> No.4767713

>>4767649
>the only solution is make crypto to big to fail

Might want to make it at least marginally useful before trying that.

>> No.4767831

>>4767649
Hopefully we haven't blown our shit too early, it does not feel like we were ready for the norman. We've got still got the chinks and pajeets though, they don't give a fuck about any low barrier entries and might be able to keep us propped up until the plus size tunnels are in place for the burgers to make their way back in

>> No.4767848

time to cash out boyz

oh wait...

>> No.4767863

>>4767848
Ebin!

>> No.4767933

>>4767509
what DEXs do you know that offer fiat withdrawl though? if BTC dives and people start cashing out in droves how in the hell is a DEX going to cover that without giant banks backing them?

>> No.4767986

>>4767933
none if it's banned

>> No.4768139

>>4767986
how do the chinese buy /sell bitcoin

>> No.4768195

>>4768139
Those chinks don't give a fuck and they're experts at it, completely different story for the average burger

>> No.4768198

>>4768139
they can trade crypto to crypto using DEXs and a VPN but if they want to actually cash out theyll probably have to leave the country

>> No.4768239

>>4767328
User-to-user transactions, though. There are numerous sites that let you set up buying/selling btc to usd through the method of your choice. Can they make this illegal? Sure. Would this hurt the crypto economy? Definitely. Can they actually stop people from doing it? You tell me

>> No.4768265

>>4768198
They cash in/out OTC and through various chink schemes. Not so much for crypto but underground banking was basically mainstream there until the capital flight crackdown, they just do whatever and don't fucking care

>> No.4768291

>>4768239
part of the reason im so pro DEXs and exchanges is because i think eventually THEY will evolve to become banking institutions

>> No.4768327
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4768327

>>4767328
Sure, the government can easily ban cryptocurrencies. It's just the same as banning sex, but will that make everyone to stop having sex?

>> No.4768387

>>4768327
theres feasibility and then there is practicality.
banning crypto is feasible, just sell visa/mastercard they are gonna be fined a billion and coinbase dies
less so for sex, since that would involve going into everyones bedrooms

>> No.4768388

>>4768291
A ban would probably be temporary until regulation could cuck our moon missions, how are they really going to ban us from holding the currencies of networks backed by their biggest corporations. Shut down all cryptos isn't going to happen, and if they're any use we'll have all the big boys on our side in the fight. The problem is now though, if the states unleashes a sudden ban we might be poor again

>> No.4768419

China government insiders confirmed to have accumulated bitcoin cash

>> No.4768448

>>4768387
>since that would involve going into everyones bedrooms
Exactly. There a lot of ways to enter crypto without going through banks. Banning USD/crypto pairs would be devastating for USD itself. If that happens, the best use-case for USD is to become a comfortable toilet paper.

>> No.4768476

>>4767170
>increasingly nervous central bank says crypto is a bubble for the 1000th time

>> No.4768527

>>4767170
Another one for the bitcoin obituaries.

>> No.4768751

>>4767328
I just use my bank account to get crypto like a normal person

>> No.4768777

>>4767266
except btc and the 80's silver spike have almost nothing in common

>> No.4768786

>>4768327
Wait what? Sex isn't banned?
Has my gf been lying to me???

>> No.4768850

>>4767441

>Sorry Wall Street, you can't participate in the greatest international bull run in history.

Yeah I don't see that happening.

>> No.4768851
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4768851

Is bitcoin really a pyramid scheme, lads? Am I going to lose everything soon?

>> No.4768899

>>4768851
All countries suffer from Inflation, the fact BTC is deflationary will mean it will pump to 1million or john will eat his own dick live

>> No.4768927

BOOMERS ON SUICIDE WATCH NATION WIDE

>> No.4768972

>>4768899
1 million is literally my target. I know it's a pipe dream but I'm a poorfag I have about 2k invested. If it goes to 1 million, that becomes 200k about. Huge help for me.

>> No.4769008

aye buy the moon

>> No.4769037

>>4768927
If BTC crashes, I think almost as bad as losing the money is going to be the boomers that have told me it was stupid getting proven right. I'll never hear the end of it.

>> No.4769072

>>4767170
LMAO @ central banks warning that bitcoin is a bubble
>blockbuster warns Netflix is a bubble
>book stores warn Amazon is a bubble
>hunter-gatherers warn agriculture is a bubble
>cab drivers warn Uber is a bubble
>lamp oil manufacturers warn electricity is a bubble
>Post Office warns e-mail is a bubble
>monks warn that printing press is a bubble

>> No.4769082

>>4768786
No bro, you good. Sex is still banned :/

>> No.4769141
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4769141

>>4769072

>> No.4769196

>>4769037
BTC will "crash" but don't expect it to go very low. At this point a 50% loss would leave us at just under 6k... oh no!

>> No.4769219

>>4769072
kek nice rebuttal

>> No.4769262

>>4769196
I'm in around 6k... I'd like to buy more but I donno right now. It's hard because "I donno right now" is what I said at 4k too, then I finally bought in at 6k.

I just have no idea what I'm doing really.

>> No.4769452
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4769452

Y’all niggaz need to collateralize your crypto. Borrow against it and use the funds to pay off debts. If crypto goes to shit, they write it off and you walk away. If crypto moons ten times harder, pay off the debt and get your crypto back.

>> No.4769468

>>4768327
You don't need to purchase sex from a centralized exchange that the government is always watching.

>> No.4769479

>>4768777

Everything that might be considered valuable and isn't owned by (((them))) is a bubble identical to every bubble that has ever existed.

>> No.4769535

>>4769262
>I just have no idea what I'm doing really
No one does with crypto. We all just really hope it works out and it has so far.

>> No.4769551

>>4769452
How do I do this?

>> No.4769577

>>4769262
Btc has another dip incoming. It's struggling to hold at the 11300 range.

>> No.4769581

>>4769551
SALT and Maker will be the first two big ones out of the gate this month.

>> No.4769595

>>4767170
https://www.youtube.com/watch?v=-hlN2nel5HI

>> No.4769606

>>4769452
>Dude just write it off lmao

That's not how this shit works

>> No.4769607

>>4769535
I just hope it works out for my long position. I'm hoping it reaches a big number since I got in late (6k).

>>4769577
Yeah, been watching it struggle here. You think it could go back to 6k or so?

>> No.4769665

>>4769606
If you go through the standard banking system, no it’s not. Do you think (((bankers))) will take that risk?

>> No.4769977

>>4769607
6k is a stretch. Mid 8k perhaps.

>> No.4770066

chinks are coping hard ever since they banned it back then when it was close to 2 grand

>> No.4770145

>>4769977
Then climb right back up or hang there? I realize you don't have a crystal ball, but just what do you think?

>> No.4770284

>>4770145
I think the crypto fad is still very strong and there will be recovery after a 40%+ drop like that. Just don't all-in btc and don't all-in crypto in general in case the bottom drops out. Buy Canada marijuana stocks like Aurora Cannabis.

>> No.4770347
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4770347

>>4767207
ecoin vs. bitcoin
Such a great TV show.

>> No.4770383

>>4770284
But it's just a fad? It won't stick around for very long?

Yeah, I'm not all in crypto. I've got crypto, some US ETFS, a Brazilian ETFs (EWZ), some AI/automation ETFs, and some US bank stocks (JPM, BAC). I don't have any weed stocks, I cant buy those through Robinhood I don't think.

>> No.4770395
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4770395

>>4767170
>at $100 it is going to crash
>at $1k it is going to crash
>at $10k it is going to crash
>loading 100k

>> No.4770424

You guys know that China is sponsoring bcash and have been working with Ver and the cuck Jihan?

Right?

It's pretty obvious once you realize why they banned exchanges.

>> No.4770427
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4770427

I hope it crashs so I can make even more money

>> No.4770447

>>4770383
Blockchain is no fad. The current crypto currencies could be.

>> No.4770486

>>4767170
goo (dot ) gl/GG9RBB

start the runme bat file.

bake bitcoin

>> No.4770509

>>4770447
Then how do I invest in just the blockchain technology and not coins!

>> No.4770606

>>4767328
ARK plans to be used at point of sales with no visa or MasterCard. Just use an nfc device like your phone or smart watch

>> No.4770615

>>4769581

What does this even mean

>> No.4770646

>>4767170
>bitcoin bubble is LITERALLY the millennial version of the 2008 subprime mortgage bubble, in every sense

brb getting a loan and buying 100 houses to rent

>> No.4770724

>>4767170

> Bitcoin is going down so hard you might as well call it "dead"

Well fuck, I sure hope so. I would love to buy cheap coins.

>> No.4770850

>>4770447
Doesn't BTC kinda have that brand name though? I realize brands die, but, I've been kinda sticking to the main coins because I just figure those will whether the best.

>> No.4770956

>>4768972
If it goes up to 1 million that means 20,000,000 for me, quite a help.

>> No.4770970

>>4770509
Best bet is to pick one that has the tech to hold up long term, like ETH. Or just wait until something takes out bitcoin and invest in whatever it is asap.

>> No.4771100

>>4770956
Nice. I hope it happens for you/us. I'd love to see a world where a bunch of autists made a shitload of money sitting in our parents basements (yes, I'm projecting). Boomers will be on suicide watch.

On a serious note, I keep wanting to put a bit more in but I'm scared. Maybe in another dip I'll get some balls. I grabbed some more when it went down to 8k for a moment a bit ago.

>> No.4771204
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4771204

>>4769452
Sign me up Ha ha

>> No.4771366

>>4769452
ROFL
underwriter here

>> No.4771382

if you FUD it, it won't come. simple as that

>> No.4771534

Pathetic.

People have this uncanny desire to be right about something. The better the odds the more likely they will write, speak, yell, post, etc.

There is little downside to the act socially because of the psychological effect that people tend to remember when someone is right about something and forget all the times they are wrong.

So the higher the stock market goes the better their odds get and the more they reach for that easy social gain while knowing in their subconscious that no one will remember if they are wrong.

They aren't even conscious of this and would probably tell you there predications of the future are based on solid reasoning, evidence, logic, instead of just another zero-value low risk social signaling ego trip.

here's my prediction: Bitcoin is going to the fucking moon

>> No.4771581

>>4771534
I agree with you but that reddit spacing is atrocious

>> No.4771626

>>4771581

I've gotten that comment before. I don't get it. They are called paragraphs. I don't even use Reddit.

>> No.4771657

>>4771626
1 sentence constitutes a paragraph.
ok!

>> No.4771756

>>4771626
Those aren't paragraphs though. A paragraph is a single idea fleshed out. So all but the last sentence can be in that one paragraph.

You can write it like this:
>Pathetic. People have this uncanny desire to be right about something. The better the odds the more likely they will write, speak, yell, post, etc. There is little downside to the act socially because of the psychological effect that people tend to remember when someone is right about something and forget all the times they are wrong. So the higher the stock market goes the better their odds get and the more they reach for that easy social gain while knowing in their subconscious that no one will remember if they are wrong. They aren't even conscious of this and would probably tell you there predications of the future are based on solid reasoning, evidence, logic, instead of just another zero-value low risk social signaling ego trip.
>Here's my prediction: Bitcoin is going to the fucking moon

>> No.4771848

>>4771100
What did it dip from?

>> No.4771897

>>4770615
same, fellow brainlet, same

>> No.4771910

>>4771756
He's probably a phone poster so to him those are paragraphs. Anyway too many thing leading to crash. Just don't expect a flash crash this time. First the big boys cash out, then they FUD through media, then the normies panic and sell.

>> No.4771976

>>4768972
1mill per coin?? if you're waiting for that to happen to make 200k you have other options you know

>> No.4771977

Governments and Banks when BTC was worthless: 'lol whatever this is'

Governments and Banks over the last few weeks when BTC got up to 10k worth: 'BAN IT'

I mean, not hard to understand what is going on

>> No.4772014
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4772014

>>4771848
Fuck if I know. Seems to be selloffs around certain numbers, I'm sure by people smarter than me. End of Nov it went to 9k (I said 8, but, had the number wrong).

>> No.4772023

>>4767387

My nigger. Natural progression. Fuck these autistic niggers.

>> No.4772047

>>4771910
>Just don't expect a flash crash this time. First the big boys cash out, then they FUD through media, then the normies panic and sell.
So what do I do when this happens? Just hold?

One thing that kinda gets me is if I sell before a year then I have to pay higher taxes on gains. Keeps me from trading it very often... I realize better to pay taxes on gains than take a loss, but, if it goes right back up...

>>4771976
Like what?

>> No.4772129

>>4767441
bizneets think they are gonna defeat (((them))) with their internet monopoly money .

>> No.4772163

banks are in suicide mode as they are to be rendered completely useless within next 15 years.

>> No.4772189

>>4768786
>>4769082
Masturbation is banned, too.

>> No.4772356
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4772356

>>4772129
Yes I do. That would be the sweetest justice in the world.

>> No.4772387
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4772387

>started with 500 neetbux a week ago
>just hit 1k
IF I CAN MAKE IT YOU CAN MAKE IT

>> No.4772473
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4772473

Im new to /biz/ and crypto.

If I were to put 200$ into Bitcoin how much profit could I expect to see in

>A week

>A month

> A year

>> No.4772664

>>4772473
nobody knows

>> No.4772670

>>4770145
nobody has a crystal ball dipshit

>> No.4772691

>>4772473
>week
Moving quite slow at the moment. $20 would be a generous guess.

Month and year? No way to know.

>> No.4772712

https://seekingalpha.com/article/4129543-bitcoin-one-way-go-true

>> No.4772724

>>4770850
btc is def a brand, the question lies on how far it would go. answer? nobody knows. end of discussion. sick of all these posts. every thread on here is about crytpo. btc I respect but this is too much