/biz/ - Business & Finance

[DarkTrip !nNThBA7CKU No.8048491]

EXPLAIN THIS

I held btc cause I thought it was new paradigm

LITERALLY SHAKING

SELL NOW

[Anonymous No.8048526]

>LITERALLY SHAKING
sage

[Anonymous No.8048531]

>>8048491

Cryptocurrencies, not shitty DAPP token bs, has the same fundamentals as an asset. Whether it's a valuable asset or a worthless asset is a different matter, but the fundamentals are identical. Anyone who denies this is an absolute brainlet.

Gold goes up because in the future people will pay more for it. The fundamental is its limited supply. Just because cryptos attract cancerous numale types who engage in MLM style tactics does not make it a MLM scheme. Because at the end of the day its no different than if gold became a meme.

[DarkTrip !nNThBA7CKU No.8048651]

>>8048531
OK BUY NOW

[Anonymous No.8049553]

>>8048491
OP only reads headlines. Fucking kill yourself dotard.

[Anonymous No.8049665]

>>8048491
The cryptofags here remind me of the Amway people I know. It's the exact same "Get rich quick" mentality.

[Anonymous No.8049750]

>>8048531
you fucking idiot have clearly not the slightest understanding of anything econ related
dunning-kruger in person you faggot

[Anonymous No.8049971]

>>8049750
>dunning-kruger

[Anonymous No.8050101]

>>8049971
no, that would be you
i'm the lazy econ grad who manages all you fat basement virgins despite muh simple math

[Anonymous No.8050164]

>mfw went long on fedora stocks before this thread was made
Lambo land here I come.

[Anonymous No.8050231]

>>8050101
>Uses "dunning-kruger" as an insult
>Thinks anyone will believe he's not just another fat neckbeard
>Is ADORABLE

[Anonymous No.8050300]

why do you have a trip really

[Anonymous No.8050344]

>>8049971
>>8050231
>has no comeback other than to ridicule a "muh neckbeard term" like a cancerous newfag he is
pic related is you

[Anonymous No.8050516]

>>8048491
so are stocks... think about it...
if humans believe in it or are made to believe in it, it has value for the duration of time they believe it has value...
that is modern economics ... now go get what you can and the get the fuck out of this crazy ass market kek

[Anonymous No.8050569]

>>8050344
>Triggered
>Lamest comeback of all time
>Has nothing, and knows it

[Anonymous No.8050634]

>>8050516
Stocks generally have something of value attached to them, like the assets of the company, or mortgages, or other forms of investment. Investing is gambling, of a sort, but you can also invest in stocks that pay dividends, which is value.
Crypto has none of that.

[Anonymous No.8050865]

[Anonymous No.8051896]

>>8050569
look my little ruggrat,
since you are all full of shit and massively deluded, it makes simply no sense in "coming back" with whatever
you will only try to integrate it in your stupid assumptions, thats only exhausting and no fun for me

[Anonymous No.8051935]

>>8050865
>can't understand even the basic fundamentals of anything
>muh, these retards must be reddit
stay stupid, little autismo

[Anonymous No.8051936]

>>8050569
HAHA, you're a ruggrat

[Anonymous No.8051947]

he's right you know

[Anonymous No.8051980]

>>8050634
ok

there are literally companys behind crypto u stupid fuck

[Anonymous No.8052147]

>>8051980
but you have no ownership to the company with your funnymoneytoken u idiot
most of the times the coin isn't even tied to the underlying (potential) business case
thats literal bullshit where you can only hope to hand the bags to even bigger retards

[Anonymous No.8052669]

>>8051980
Really.

Name one.

I'll wait.

[Anonymous No.8052688]

>>8052147
Wow you really don’t know anything about crypto, do you?

Ok, so ignoring tokens with use cases and just looking at the currencies: Gold has value because people believe it has value and there is a finire amount. How is this different?

[Anonymous No.8052992]

>>8052688
again, my little ruggrat, i'm possibly far longer in this game than you
but i'm not deluded
the number one question you fuckheads should answer yourselves is: is the token directly tied to the underlying business case or just a fucking feature which is not necessary
if not, then its bullshit as with 90% of the shit out there which is nothing other than glorified venture capital without a stake in the company
there, biggest lesson you learned on /biz this weeks

regarding your gold comment:
i won't educate you on this one bc i have wether the time nor the motivation to reflect all your stupid childlike assumptions who will follow
stay autismo anon, but pls read some books

[Anonymous No.8053032]

>>8049665
>anon doesn't understand what decentralization means

Dumbass.

[Anonymous No.8053135]

>>8052992

Listen it's no different that midevil europeans used squirrels as a currency and no different than 1400s east africa using literal shells from the beach as a currency.

[Anonymous No.8053155]

>>8051935
Not who you're replying to but I think you have downs. BTC is no different than any physical asset.

[Anonymous No.8053324]

>>8053155
lmao
read your sentence
then read this shit again
makes this any sense to you?
if yes, then please leave this market and get back to your mcdonalds desk
it will only make you sad if youre not lucky
>>8053135
>midevil
>squirrels
i thin you mistake something here but either way,
i sincerely hope your just in highschool
otherwise it will be a really hard life for you

[Anonymous No.8053562]

>>8050101
>econ grad
You mean a discipline with the same level of scientific rigor as sociology?

If economists are so wise about markets, why is the typical stereotype the "starving economist"?

[Anonymous No.8053649]

>>8053562
don't care
i don't get paid to predict markets
i get paid to bully autistic cs grads

other than that, the stereotype your referring to is the "starving artist" you stupid dicksucker
now go and have a wank to your favorite preteen anime girl

[Anonymous No.8053732]

>>8050634
You can invest in crypto that pay dividends

[Anonymous No.8053773]

>>8052669
Omise

[Anonymous No.8053811]

>>8053562
i probably make more than your whole family and i have only a bachelor degree in economics and finance

[Anonymous No.8053924]

>>8053649
Look up Long Term Capital Management, the hedge fund started by 3 nobel laureate economists and one of the most spectacular blowups of any fund in recent history.

When economists are relied on to do anything remotely useful outside of writing research papers for other economists it doesn't usually end up well for anyone involved.

And the stereotype with economists is that they're poor, that is exactly what I meant to say. If economics taught anything useful about markets you'd see economics majors working as traders, which you don't because they suck at it.

Like most social sciences, economics makes you effectively worse at understanding any subject in its domain.

>>8049750
It's interesting that you bring up Duning-Kruger is the critique you chose because it is the most accurate characterization of most social science scholars, just like the "woke" students who take a sociology class, you come out with a giant narrative that actually makes you worse adapted to understanding the subject of the discipline.

[Anonymous No.8053967]

>>8053811
First of all, bullshit.

Second of all, Finance is actually perceived as useful, and that's probably why you have a job.

[Anonymous No.8054468]

>>8048491
They copy pasting the same articles every 6 month in the last 6 year my new friend. If your nerves can't take this go back playing with your dick.

[Anonymous No.8054614]

>>8053924
jesus christ, while i agree with most of your ramblings, i don't see the the relation to my response to the deluded anon
just because there is a company who develops software with a funnymoneytoken as a feature to get money donated for free from autist neckbeards, means not that this is the same as stocks and gold
tokeneconomics is the difference between handing a bag of memes to even bigger retards or holding something actual useful
and even then, you can't sue or liquidate something from the underlying business or company when they decide to slowly fade away with your shekels
not that hard to comprehend i would assume?
but most of you faggots don't dare to questions your memeshit and get all butthurt bc the sane people don't understand crypto/are boomers/reddit/etc
pathetic

[Anonymous No.8054798]

>>8048491

KYS

[Anonymous No.8054800]

>>8053324
>i thin you mistake something here but either way,
i sincerely hope your just in highschool
otherwise it will be a really hard life for you

Obviously you don't understand the existence of humans and the cognitive revolution. currency did not just magically show up. It has to take an imagined power to make it work for economics.

1400s east Africa literally project value on shells from the beach as a currency, all because they simply believed it has value. Currency is just a psychological construct.


You can deny all you want, but at the end of the day, that's how it historically happened. Ignorance is truly bliss.

[Anonymous No.8054901]

>>8054614
I think we may have been talking past each other, if your assessment boils down to "shitcoins are shitcoins, and they rely on greater fool theory" I would totally agree with that assessment.

Distributed ledger technology though definitely has merit and for example Ethereum is actually being used as a real commodity (even if that use is mostly to create shitcoin ICO's) and in this case greater fool theory really isn't as applicable.

Just don't throw out the baby with the bathwater.

[Anonymous No.8054932]

[Anonymous No.8055001]

This is why you buy JNT

[Anonymous No.8055069]

[Anonymous No.8055293]

[Anonymous No.8055315]

[Anonymous No.8055330]

[Anonymous No.8055338]

>>8048491
just bougth 100,000 multi levels

[Anonymous No.8055446]

What's your ANYTHING worth if no one is willing to buy it, huh? That EVERYTHING is a ponzi, anon!