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/biz/ - Business & Finance

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54191041 No.54191041 [Reply] [Original]

>> No.54191063

>>54191041
only someone who has never produced anything of value in their entire lives would think anyone will trade actual things for bitcoin in the event of a financial collapse, which is fucking hilarious because we are on the verge of a financial collapse and all you faggots own is crypto

>> No.54191082

>>54191063
Bitcoin is up over 7k the past week

>> No.54191098

>>54191041
the prophecy is coming true btc bros.

>> No.54191101

>>54191082
and people are pulling money out of secure and responsible local banks to pile it into jp morgan. the world is retarded and it’s full of retarded people.

>> No.54191117

>>54191101
the jews always win in the end. but thanks to bitcoin your local bizfag can win too!

>> No.54191130

>>54191117
you’re still down almost 60% in the last 12 months. is that what you call a win?

>> No.54191142

>>54191082
I have nothing against bitcoin but that anon is correct about not trading using bitcoin after collapse.

>> No.54191152

>>54191130
even if I was (I’m not), I would still be incalculable % in profit from crypto (I am)

>> No.54191154
File: 362 KB, 1272x1226, trillion-dollar coin.png [View same] [iqdb] [saucenao] [google]
54191154

>$50 billion for each bank * 186 = $9.3 trillion
Just mint nine $1 trillion coins and call it a day.

>> No.54191166
File: 136 KB, 1009x1024, 1678973319010218.jpg [View same] [iqdb] [saucenao] [google]
54191166

>>54191063
only someone who has never produced anything of value in their entire lives would think anyone will trade actual things for fiat in the event of a financial collapse, which is fucking hilarious because we are on the verge of a financial collapse and all you faggots own is a shitcoin with endless token printing and runaway inflation

>> No.54191172

>>54191154
pump it
>>54191130
and if you bought ANYTHING under 20k, you're in profit. in 5 years holding 1 BTC will be a vast amount of wealth

>> No.54191190

>>54191166
>anyone will trade actual things for fiat
Nobody said that. People will adopt barter system.

>> No.54191196

>>54191152
>ya I held onto bitcoin since it was $4
you didn’t. you’re not going to make it in crypto. you think I don’t want you to be rich but it’s very much the opposite. I don’t want to have to shoot you when you come looking for a handout and refuse to leave, because I will, and I won’t think twice about it. I have a wife and kids to look after and when shit pops off, they will be my only concern.

>> No.54191214

>>54191041
>>54191082
>bitcoin moons to $1,000,000
>you sell half
>loaf of bread costs $100,000
>you have successfully diversified into assets nobody wants anymore
kek

>> No.54191216

>>54191166
>IF YOU DON’T USE BITCOIN YOU MUST USE FIAT
>THERE’S LITERALLY NOTHING ELSE
obviously you have produce nothing of value in your entire life.

>> No.54191242

>>54191063
>because we are on the verge of a financial collapse
citation needed. nothing ever happens retard

>> No.54191249

>>54191190
>I can trade in a stable currency
>Nah, I'm going to use the currency that is worth 100 times less than yesterday, and will be toilet paper tomorrow
Cope you boomer retard. Your entire life savings is in useless wallpaper and the youth aren't going to save you.

>> No.54191261

>>54191242
>nothing ever happens
you’re just saying that to make yourself feel better because you’re prepared for nothing. could you even survive a week without electricity, running water, and a grocery store?

>> No.54191283

>>54191249
>he thinks we hold fiat
so this is the company bitcoin-maxis keep? well that must be reassuring

>> No.54191297

>>54191249
You're retarded. Nobody will bother with something they can't control after collapse.

>> No.54191302

>>54191130
>these are these trannies that tell me not to buy btc

>> No.54191325

>>54191297
>people don't want a stable currency during hyperinflation
lol lmao even

>> No.54191343

>>54191325
>stable currency

>> No.54191349

>>54191325
>bitcoin is stable
now you’re just taking the piss…

>> No.54191401
File: 131 KB, 929x1175, 1659893462885489.png [View same] [iqdb] [saucenao] [google]
54191401

>>54191041
>run btc node
>turn off now and then
>syncing anything beyond a week is a pain in the ass
>moving btc off exchanges comes with stupid fees

BTC will go to a million but I really dont care its just a means to stack more xmr with. Things a dated project and is just a way to whirr up dollars until it craps the bed to monero. I cant imagine the hopium thinking btc will be a means of exchange on a large scale.

>> No.54191471

>>54191063
You were fast in this one! Fear?

>> No.54191522

>>54191471
shorting markets is for jews and retards. I’m neither.

>> No.54191681

>>54191130
> people only ever buy the top

>> No.54191707

>>54191214
So what's your plan?

>> No.54191723

>>54191681
I meant from ath you fucking retard. how the fuck would I know what anyone anywhere bought in at? the level of arrogance in you to even assume something so fucking retarded is mind-boggling. I’m so glad most of you won’t listen to me. I want to shoot you.

>> No.54191737

>>54191723
So why bring it up?

>> No.54191751

>>54191063
What's an "actual thing" to you?

>> No.54191794

>>54191737
a few are worth saving. I can’t make it through what’s coming alone.
>>54191751
tools, materials, food, animal husbandry, practical knowledge

>> No.54191825
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54191825

>>54191214

>> No.54191847

>>54191098
The Bear is still yet to leave it’s cave.

>> No.54191892

>>54191847
Retards still believing its a bear market even with similar catalysts to COVID (e.g. financial meltdown).

Stay poor niggers.

>> No.54191910

>>54191063
You've seen the price of BTC right?

>> No.54191926

>>54191101
>the world is retarded and it’s full of retarded people.
yes and let me tell you my friend you're one of them

>> No.54192034

>>54191041
>bitcoin goes up to $1m
>$25k for a loaf of bread because of hyperinflation
>nobody accepts your series of zeros and ones for their goods because they can’t afford to pay for electricity anyway
Great success

>> No.54192072
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54192072

So many cunts in this thread are totally oblivious to what massive inflation does to a society.

I live in Argentina so I’ve got some actual lived experience on this matter. Things don’t turn into Mad Max, the only major change in behaviour is that people no longer save in the local currency.

When you give someone Pesos because they provided you with a good or service, they will do one of two things; spend it immediately on a tangible good (could be anything from a bottle of wine to a refrigerator) or they immediately convert it into a harder currency (here it’s usually USD) so they can stash it under their bed as a form of savings.

Again, society doesn’t breakdown, people just change their habits slightly. The water still flows out the taps, the electricity is still on, cars are still on the road, there is still food on the supermarket shelves.

Obviously there is the problems that come with economic downturn (higher crime, lower employment etc) but that can be mitigated by where you live.

If the USD goes into hyperinflation, the only major change is that people will not hold onto their dollars, they will exchange them for anything that has actual value. This means people will save in Gold and/or Bitcoin because they are the easiest monetary goods to trade for dollars.

As long as you don’t live near niggers, hyperinflation won’t change your life in a major way.

>> No.54192127

>>54191142
there is no mad max collapse
more likely is a gradual descent into poverty like argentina or lebanon

>> No.54192158

>>54191794
oh I thought you meant fiat dollars

>> No.54192168

>>54191082
Its 17k lower than a year ago.

>> No.54192249

>>54192072
>As long as you don’t live near niggers
it's over for europe

>> No.54192374

>>54192072
I appreciate your candor, and while what you said was true, it doesn't touch on some points.
I personally don't think there's going to be hyperinflation, just persistent high inflation...which could be somewhat worse in some respects. Also, the USD is the reserve currency for a reason. The CAN destroy it thru hyperinflation, as evident by the facts the WEF et al have stated they want a new type of currency, but I don't think they will. Maybe?
Also, that nigger thing...yeah that will be a problem everywhere in the US lol.

>> No.54192402

>>54191926
fuck off back to r*ddit you obese midwit.
>>54192127
america was being burnt to ashes by niggers when things were still ok. there will be no more “gradual collapse”. that part has already been over for a while.

>> No.54192563

>>54192374
Argentina doesn’t have “hyperinflation”, it does have “persistent high inflation” (100% in the last year).

The best thing that happen in the US is that normies work out this is exactly why Bitcoin exists and how to get hold of it before the inflation gets too bad.

The other big problem is the fact that in many other countries around the world USD is the strong stable currency they save in.

Not to mention the fact that USD is the currency of global trade. It’ll be nigh on impossible to price international trade in USD if it enters massive inflation.

>> No.54193777

>>54191098
>block one
indeed. satoshi was a financial prophet.

>> No.54194142

>>54191063
what are you accumulating if it's not bitcoin? it has to be money, money is how we trade things

>> No.54194281

>>54194142
he’s probably one of the silver schizos. those guys are the most bitter fags on this board by far

>> No.54194291

>society literally collapses
>this will make people buy funny internet coins

I don't say this often but.. cope

>> No.54194322

>>54191101
>price going up
>"people are pulling money out"
this is your average /biz/ "financial advisor" advise lmao

>> No.54194336

>>54192374
>I personally don't think there's going to be hyperinflation, just persistent high inflation...
Yes it first starts like that, a persistent inflation of 10% at year, the next year 20%, then 50%, speed up to 100%, an finally skyrocketing at much higher values.
I'm not telling this will happen with USA, but you must start worrying a lot if inflation goes to 20%.

>> No.54194515

>>54191214
>loaf of bread costs $100,000
Then BTC owners will become some of the few people still able to afford bread.

>> No.54194533

>>54194281
The silver shilling has been inorganic as fuck. 10 years ago it was non-negotiable that gold was the only precious metal worth holding (and it still performed poorly).

>> No.54194548

>>54191166
>only someone who has never produced anything of value in their entire lives would think anyone will trade actual things for fiat in the event of a financial collapse

but they will. dollars will still be the currency

>> No.54194559

>>54192374
>I personally don't think there's going to be hyperinflation

the US consumes a lot and produces little. it prints a lot of money. it is a prime candidate for hyperinflation.

>> No.54194696

>>54191101
thanks for the tip yellen

>> No.54194731

>>54192249
Pot calling the kettle black the post

>> No.54194861

>>54192249
Climate migrants roaming from the south
Feminists, anglos and mutts on the West
Putin's chimpout to the East
It's indeed ogre for Europe

>> No.54194907

>>54191401
based monero anti-government, anti-censorship, anti-globohomo, anti-war gigachad. probably has big boobs too.

>> No.54195669

>>54194533
Silver makes sense. It’s used in countries that have experienced financial collapse because good is so valuable, any amount large enough to verify its purity is too large for every day purchase. It’s also no secret that the amount of physical silver is a disgustingly small fraction of the amount of paper silver.

>> No.54196426

>>54191214
>everything gets more expensive so what’s the point in holding btc
The absolute state

>> No.54196434

>>54191041
conservative price target of 10 million eod

>> No.54196463

imagine being enough of a stupid black gorilla nigger to spend 12 posts attempting to FUD bitcoin in 2023

>> No.54196480

>bitcoin moons
>they ban exchanges
>you now own useless 0's and 1's

>> No.54196487

>>54191190
>People will adopt barter system.
Yea ok. I’m sure their bartering system will rival the fiat global digital enslavement system

>> No.54196517

>>54191190
>bartering rent with landlords who owe the bank
hmm

>> No.54196584

>>54196480
Yea totally. It's just like how I can't get drugs legally anymore, so I just stopped using them. Absolute retard understanding of human nature, Anon.

>> No.54196705

>>54191101
Swimming against the current doesn’t exactly make you smart, anon.

>> No.54196721
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54196721

what did he mean by this

>> No.54196804
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54196804

>>54191041
Not like this Credit Sissies

>> No.54197016

>>54191063
Enjoy your shitcoin (US mutt dollar) being inflated to zimbabwe levels

>> No.54197052

>>54191242
if nothing ever happens then how come there are history books? what about stuff everyone knows happened like 9/11, the holocaust, landing on the moon, etc.?

>> No.54197581

>>54197052
“Napoleon once said, "What is history, but a fable agreed upon?" He smiled. "By its very nature, history is always a one-sided account.”

>> No.54197632

>>54191196
That took a turn

>> No.54197728

>>54191707
>>54191825
>>54194515
>>54196426
Seek Jesus Christ.

>> No.54197736

>>54191041
Or maybe five cents.

>> No.54197767

>>54191041
If true, that would be extremely deflationary and the price of BTC would drop 90%.

>> No.54197781

>>54191082
And how are you going to cash out that Bitcoin if society collapses retard

>> No.54197802

>>54191041
>BTC $1.000.000.000
Did you mean $1,000,000,000?
You posted $1.

>> No.54197833

>>54191214
Sounds like a nocoiner and poorfag normie problem to me

>> No.54197948

>>54192072
so it's over for America, Europe and.. everywhere?
>>54193777
chkeked

>> No.54197955

>>54191041
so which ones

>> No.54197970

>>54196721
something schizo, the guy posts and deletes a financial collapse until it actually happens and then says i told you so