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/biz/ - Business & Finance


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54800761 No.54800761 [Reply] [Original]

no, really. Who thinks this is going to happen.
Fucking top kek.

>> No.54800766

Hype for Litecoin to hit 250k

>> No.54800785

>>54800761
Being on the autism spectrum makes people think in very literal terms. So when an ASD person sees something like Balaji’s “BTC to 1 mil” prediction they can only think of it as a stupid person making a completely serious and outrageous prediction. They have no concept of someone’s ulterior motives, like generating a narrative or discussion or headlines, and how they might benefit from the second and third order effects of that.
When you see someone on /biz/ completely miss the point of something like this, it’s worth remembering that full blown autistic people use this site, and they are literally incapable of thinking about things in these broader terms.

>> No.54800797

>>54800761
Is the US entering hyperinflation really so unlikely? What makes you think this?

>> No.54800806
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54800806

>>54800761
>pump my goddamn bags

>> No.54800808

>settling a bet about BTC... on Ethereum
Bitcoin maxis just keep losing

>> No.54800813
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54800813

>>54800785
>He did it for other reasons!!!!!! Trust me.
That's fine, but he just lost all his credibility by making a stupid bet.
He'll be known as the "stupid btc bet guy" forever. Look how retarded he is. This guy threw away a million on a retarded bet. What a retard.
My take is, this guy is huffing his own farts and really thinks btc is going to be a milly by the end of summer. No need to rationalize it any further.
He's so smart, he's retarded.

>> No.54800823

>>54800797
It's the time frame that makes this bet stupid.

>> No.54800839
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54800839

>>54800785
The wealthy in the US seem to be desperate to keep their assets propped up. They are going to watch it all melt away regardless. They married their bags and now must work perpetually to maintain the shitshow they've created.

>> No.54800847

>Who thinks this is going to happen.
I do. Logarithmic drop are what reserve currencies look like when they die. I don't think it will happen within 90 days, but I do think it will be within the decade.

>> No.54800864

>>54800813
The million dollars is nothing compared to losing his reputation. And I had just finished reading the Network State too.0vavhk

>> No.54800895

>>54800785
This, also he probably has a substantial amount of bitcoin and top 50 coins. If I had 6 gorillion followers I could easily use that to get retail to buy by signaling some insane btc price prediction and having another gigarich saying "agreed fellow civilian"

It worked too. Btc pumped 10k. There's no doubt halvening approaching and the fed bailing out banks again didn't have an effect, but it's hard to argue that "influencers" don't also move markets

>> No.54800898
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54800898

>>54800864
>The million dollars is nothing compared to losing his reputation
agreed. There are people who say he did it to make money on the short term upward movement of btc, but I doubt it. He's already rich, now he wants public recognition.
>>54800847
>I don't think it will happen within 90 days.
I agree, the time horizon is way too short.
I will say, however, when he made the bet, it looked like there was going to be a major banking collapse (Silver gate had just gone down). He got high on his analysis and didn't take into account the Fed's ability to backstop the system.

>> No.54800905

>>54800895
In short he never planned on btc hitting 1m in 30 days or whatever the bet was, but that's irrelevant. It's exactly like Elon tweeting about doge when he probably had 6 gorillion doge to begin with

>> No.54800910

>>54800898
>muh reputation
Niggercattle have like a week long attention span. You're the dumbest blacked gorilla nigger ever if you think anyone gives a fuck about twitter reputation

>> No.54800914
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54800914

>>54800910
>trust me bro
thanks for your analysis and the bump

>> No.54800942
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54800942

>>54800914
Your image has nothing to do with what I just said faggot

I don't care if you don't believe me. People that actually matter (the rich) will laugh that pajeet made 6 gorillion by tweeting about "btc go 50x 3 months". Cope and seethe you retard

>> No.54800951

>>54800942
>picrel
>Thinks I posted a pic in response to him
are you new here?

>> No.54800970

how do you even find these niggas on twitter

>> No.54800992

>>54800951
>(you)s someone
>basic bitch 1 liner used anytime someone has no argument
>includes an image which implies this is your counter
>>HAHA ARE YOU LE NEW?

>> No.54800999
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54800999

>>54800992
>new
Yep, I pegged it right.
Please continue btw.

>> No.54801015
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54801015

>>54800999
lol Idiot thinks the US is penning people in and chooses to make dollar denominated bets instead of flee back to India

>> No.54801025

>>54800813
Moneychangers are seriously demonic trash, how far would this world be withouth these fucking parasites.

>> No.54801043

>>54800797
it will eventually but not yet, it's still the reserve and most reliable and in demand currency in the world

>> No.54801066
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54801066

>>54801025
Only place left to go is Space. But the jew knows if he lets us leave, we'll fucking glass this gay Earth.

>> No.54802453

>>54800813
Nah other people are even more retarded and will still follow him.

>> No.54802503

>>54800999
>First they close the doors
>Then they get everyone inside
Impressive

>> No.54802555

>>54800898
His timeframe was 3 mths for giga hyperinflation. Thats just retarded as fuck. Literally 2017 mcaffee schizo tier

>> No.54802597

>>54800761
i will bet ANYONE a million dollarinos that the usd does not enter hyperinflation.
Wanna know why?
Because if I win, I get a million bucks, and if you win, a million bucks is a worthless payout. The entire bet is a literal actual humorous joke, not a serious consideration.

>> No.54802640

>>54800761
90 days is too quick.
But over the course of two or three years, it's plausible. Can't wait to see the price of bread in 2025.

I don't think crypto will keep up though. In case of hyperinflation, electricity, internet and exchange fees will eat through your gains faster than you can realize. The infrastructure will crumble on its weight. Crypto is no more than a gambling scheme for a heat market. It won't survive a collapse.

>> No.54802678

>>54800785
>simping for attention whores on social media
>b-b-ut he's generating a discussion!
kek

>> No.54804190
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54804190

>>54800761
OH NONONONO

>> No.54804227

>>54800797
its not even possible, they control all of the levers, all of the digits, all of the stats etc.

>> No.54804778

>>54800823
Fair point. I don't know why he figured 90 days was a reasonable target, it doesn't seem close at all.

>> No.54805872

>>54800813
>He'll be known as the "stupid btc bet guy" forever.
He is already known as a fucking scammer so that would be an upgrade.