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/biz/ - Business & Finance

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517096 No.517096 [Reply] [Original]

WHAT THE FUCK IS HABBENING??????

http://www.bloomberg.com/news/2014-10-14/asian-futures-rise-amid-u-s-rally-oil-climbs-after-rout.html

>> No.517099
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517099

>>517096
>MFW Yellen freaks the fuck out and halts the tapering of QE

>> No.517101

us 10y below 2%

never thought I'd see the day.

>> No.517102

>>517101

NEW NORM. NEVATAPER4LYFE

>> No.517105

>>517099
how likely do you think that is?

http://www.cnbc.com/id/102086461

>> No.517112
File: 21 KB, 793x270, 2014-10-15 09_42_24.png [View same] [iqdb] [saucenao] [google]
517112

>>517101
>muh hyperinflation
QE4 here we come

>> No.517119

This is going to be a wild ride today. I went all cash last Tuesday.

>> No.517138
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517138

Sell PND
Buy 9mm

>> No.517140

>>517119

Not pouring in as much cash as you can right now. Not buying real estate if prices dip again in a happening.

>> No.517141

>>517096
Should've bought bitcoin

>> No.517149

>>517140
>Not buying real estate if prices dip again in a happening.
My body is ready.

>> No.517150
File: 172 KB, 550x400, shilling intensifies.gif [View same] [iqdb] [saucenao] [google]
517150

>>517141
You only say that because you have bought into it.

>> No.517154

>>517150
Bitcoin is the future, any serious investor can see that.

>> No.517157

>>517154
Bitcoin crashes and burns the moment realize the only reason it has any type of value is that some people value it. It'll go down hard.

>> No.517158

>>517154
>comfirming himself he is a shill.

/biz/ is also crashing I see

>> No.517167

>>517157
Why do you think S&P is being dumped into oblivion? Real investors with real money know this stone-age style economy won't be viable in the future.
Business will be done using the block chain technology which is why wall street is preparing to enter bitcoin heavily in 2015.

>> No.517181

>>517167
Hahahhahahah

>> No.517209

>>517167
That was funny. It feels like 1999.
The New Economy is here again.

>> No.517212

Sell sell sell

Burn market, burn!

>> No.518636

>>517150
>>517157

I don't own any bit shekels but srsly do you retards not realize that your precious paper shekels are worth nothing more than the paper they're printed on?

The Burgeristani dollar isn't based on anything at all...

Whereas buttcoins are based off of their difficulty to obtain, and they are pretty much tamper proof(meaning goldberg couldn't print out 3 trillion bitcoins and cause massive inflation)

>> No.518638

>>518636

6 trillion***

>> No.518647

>>518636
Currencies are valuable based on how willing people are to accept them in exchange for goods and services

USD are good almost anywhere. Bit coin are good at a few trendy places that wanted some easy PR, and only because those places exchange the BTC for USD immediately. BTC is a joke.

Labor theory of value died decades ago. I could build a car from scratch by hand if i wanted to, but that doesn't mean I can charge a rate above what companies with automated production lines charge just because it was hard to make. You are delusional.

>> No.518651

>>518647

So you're saying that the burgerstan shekel is worth something because people are willing to trade using them...

So whats stopping bitcoins from becoming more and more accepted? What's stopping it from becoming the future currency that is traded with around the world?

They're getting more and more accepted as time progresses... I don't see your point.

>> No.518670

>>518651
>So you're saying that the burgerstan shekel is worth something because people are willing to trade using them...

I could drop you anywhere on the planet with a bundle of $20 bills and you could buy whatever you wanted. Russia, China, Africa, South America... they'll all be happy to take my worthless "burgerstani shekels" off of my hands in exchange for goods and services.

If you tried to do that with Bitcoin, 99.999% of those places would kick you out without a second though.

>> No.518678

>>518651
Bit coin is inherently undesirable to the average person because they have no need or desire for anonymous transactions. It is also more complicated and not intuitively obvious. It's also not the currency they are paid at work.

There is no real reason for the vast majority of people to switch. It's a niche product targeted on an audience that most people want to avoid. Being rare and unique alone does not make something valuable.

>> No.518681

>>518636
> The Burgeristani dollar isn't based on anything at all...

Yeah, man, only the most powerful entity in the world requires hundreds of millions of people to pay taxes to it in US dollars. Who cares about "burgeristani dollar" anyway?