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/biz/ - Business & Finance

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>> No.11484606 [View]
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11484606

>>11481906
Because they want it to be worse.
Not because they have a fucking clue what they are talking about.

>> No.11399446 [View]
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11399446

>>11399285
>You don't understand how markets work.
Enough to get paid for my opinion on cryptocurrencies, quit the market in early December, completely pay my student debt and buy a flat in my hometown from my profits after tax.

Hell, some of my public analyses were even posted here on /biz back in 2017.

>> No.11378926 [View]
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11378926

>>11377564
>FAGGOTS i hate you i came here from /pol in january and lost my life savings with your PONZI

I left in January, so... literally thank you for the money, /poltard?

>> No.10563914 [View]
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10563914

>>10563888
Explosion is fun.

>> No.10369395 [View]
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10369395

>>10369342
>There is a board raid going on from some left discord or shill group
Nah, it is just old /biz, who hate the financial illiterates from /pol.

Feel free to larp that your rifles stand a chance against a group of trained professionals, if the government comes for you. Or that you can heroically stand your ground against someone who breaks into your home, because THEY ARE OUT TO GET YA!!!!

Stay scared. It keeps you from living a better life.

>> No.9999413 [View]
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9999413

>>9999395

>> No.9134033 [View]
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9134033

>> No.9104995 [View]
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9104995

>>9104713

Dude, there is no dichotomy like capitalism/communism. There are more than two economical approaches to structure the underlying society.

And trickle down is equaly disproven as bullshit as is communism. So why is becoming a bit more "socialist" (like Germany with a social democracy with a social market economy) communist bullshit, but people believing in trickle down are not considered equally retarded?

We wait for trickle down for almost 40 years now.
It!
Does!
Not!
Work!

>> No.9098627 [View]
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9098627

>>9098404
>most people simply stop using fiat for large purchases
Which will not happen. It is too inconvinient, too volatile, too unreliable and for most people also too dangerous in comparism to the regular system.
It is a good speculative asset, if you know what you do.
It is not a currency.

This is in fact not a debatable toppic, except you are a libertarian austrian economics idiot. Which would make you the same as the average scientology-cuck.

>>9098488
>The moment the IRS fucks with the wrong programmer
The IRS had fucks with geniuses for decades and will continue to do so.
Said geniuses build companies and will soon realize, that compliance is way more convenient and profitable for them. Also, if they have significant amounts to bring around taxes, they have tricks like e.g. the double Irish.

Do not be deluded by the "a genius will arise and overthrow the system"-narrative. If YOU are said genius, the way I described above is, what will happen. If you are NOT said genius, you are bound to believe this narrative and get fucked by the IRS. It is simply make-believe for the gullibles to ensure you "just HODL", because "the messiah will come".

>> No.8972757 [View]
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8972757

>>8972543
Wall mart already working with moneygram for a block chain solution m8.
And guest who moneygram partner with.
Ripple and xrapid.

>> No.8964870 [View]
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8964870

>>8964795

Damn, I seem to have missed that all of these old established companies switched their business model completely onto smart houses and smart devices and not use these stuff solely to gain an advantage in a highly competitive industry.

>> No.8921394 [View]
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8921394

Ok mah friends y heard a lot about crypto these day on /biz/ but remeber this we are annos which is most likely still 14 years old o A NEET. So if y willing to loose all of your money than buy it all mah friends, if y not then keep ut buy gold or sth y think is better

>> No.8911644 [View]
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8911644

>>8911626
Well I guest people got their own taste in everything nowadays

>> No.8911459 [View]
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8911459

Wait... how can y actually debate with someone on /biz/ I mean most of them is 13 years old or some NEET loser living in mom basement.
Of course there is still some one who is smart and having a success life here, but think about it, if y are a smart and having a success life why would y on /biz/ debating like a retard then?

>> No.8907653 [View]
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8907653

>>8907541
Of course m8 that what people are y know, they always wanted to be smarter than anyone else or at least pretend that they did. And guest what this place is the best place to do that. Y never have to create an account or giving y name or shit, know body know who da fuck y are and if y wrong because y stupid, it's fine. Y just need switch pc or use another device then y got a new ip which mean y become someone else who think they smarter than the rest hahaha.
>it's entertaining to see retard fighting each oher here.

>> No.8899927 [View]
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8899927

>>8899918
>Leave them to their fate
People will complain after, they need to know it is their own fault.

>> No.8876559 [View]
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8876559

>>8876532
>Jokes on you I'm at a loss. I'm deducting this shit
Thats fine, thats what it is there for.

>> No.8870852 [View]
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8870852

Well, we all speculate with it, no one seriously uses this stuff for what it is intended.

>> No.8799424 [View]
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8799424

>>8799397
I wank, I see a good looking ass with movements I think are sexy, I nut

>> No.8757505 [View]
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8757505

>>8757185
Several reasons:
- wanted to bribe Gemini & Coinbase to list them
- CEO made statements over the value
- centralized
- likely a security (which makes the statement over the value a bit hairy)
- big stash in hands of McCaleb and the agreement that he can cash out a restricted amount per day based on volume is about to run out

The idea is fine and xcurrent is interesting for banks to look into. But XRP recently started to become too fishy for potential liquidity providers. And as xcurrent works with other cryptos and fiat too, the only reason why XRP holds value is, that the VCs of ripple have an interest to get it adapted. Which will not happen, because of reasons stated above.

>> No.8750393 [View]
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8750393

>>8750018
>If they judge, that this was tax evasion, you even pay heavy interest rates on these gains (6% p.a. right now).

To make an example:
You made 100.000€ in ETH in 2016 - you bought the ETH for 20k€ in cash in early 2015.

These 100k will end up in your bank account.
Bank sees: "This guy never had such sums on his account. From Coinbase."
Bank thinks: "Lets talk to the next tax authority about this.".
Banks sends an inquiry to the next tax authority.
In 2017, you had to report it - you did not.
Tax authorities are busy handling all the cryptogains, your case gets on the stack.
THEY HAVE TIME!
Three years later (2020) - you bought a good house, a nice car and you are happy, because you "made it".
Tax authority gets to your case.
Sends a letter to you to provide proof where the money came from.
You cannot provide proof, as 20k€ entered in cash were anonymous.
Whole 100k are taxed as income.
You need to pay ~42k in taxes, you not reporting it is ruled as tax evasion.
With three years pending, you need to add ~8k in interest.

All in all, you paid 20k€ for the ETH, the state wants ~50k from you (not even including fines here, which depend on how much you make at the time), which you already spent the money in non-liquid assets. Add another 5k, if you want to dodge prison, if you are convicted to sit.
Congrats, you need to firesell your house, your car and maybe even end up with a criminal sentence for tax evasion.
For 25k€ in gains, you had to overthrow your life and you are convicted.

(Might got some dates wrong above - like I said, I am from finance, my wife could do this more accurate...)

>> No.8712001 [View]
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8712001

>>8711895
>Blockchain agnostic middleware for tamperproof automated smartcontracts sorta sounds like something faggots with "traditional financial interests" might wanna wrap their heads around if they want to stay relevant in the future of financial technology trenchbrain...

Maybe.
If it is better than the tech we have.
Also, why should we need a currency on it to use these features?

>> No.8706165 [View]
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8706165

>>8705941
Yes, yes. Buy a miner that is about two years old after the difficulty skyrocketed and lets you go break even in about two years if you are lucky to not get caught wasting energy and living besides a jet engine.

>> No.8694690 [View]
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8694690

>>8694651
He was not wrong. Bitfinex makes their money in cryptocurrencies. Which includes Tether.

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