/biz/ - Business & Finance

*breaks your computer and smartphone* woops, sorry kiddo. Hey you still got those cryptocoins stashed in a sock somewhere, right?

>>26045895
>destroying hardware automatically deletes your account
Lmao imagine being this low IQ

>>26045771
ddint read not selling

>>26045771
OP doesn't even have enough to even rationalize diversification.

>>26046092
based

>>26045895
that's not how it works
you'd have to break every computer on the planet to delete my eth account

>>26046125
>eth account

>>26045771
Imagine being that much of a poorfag to not have significant positions in both. You sir are NGMI.

>>26045895
i have my trezor key memorized fuck off

>>26046125
We could do that by taking the gold and silver out of them.

>>26046092
I have 6 digits in Crypto you faggot and zero precious metals. Diversification is a meme, fed to you by the jews that don't want you to make it. But you are too low IQ to understand.
That's like saying "Yeah I rather start 3 businesses at the same time. Because starting only one could mean it fails."
Either you are convinced by your investments or you are not. It's that easy. Diversification in shiny rocks for the sake of it, just shows that you have no idea what you are doing

>>26046125
how those gas fees going btw

>>26045895
My seeds are engraved on metal on boomer rocks, kek

>>26046205
How's that premium and those shipping costs going?

>>26046241
what did he mean by this

>>26045771
Out of all the elements on the periodic table, silver is the best electrical conductor, best thermal conductor, and best reflector of visible photons. Gold can fuck off...but silver will have value FOREVER.

>>26046142
need to use simple language
>>26046182
what
>>26046205
how is storage cost and or insane fees when buying going

>>26046316
costs fees if your a bank maybe, doesnt cost anything to dig a hole in a field, and the paper price is the paper price the 'premium' is the cost of physical which it keeps when you go to sell, poor fud

>>26045771
Gold+Silver+XRP confirmed as ultimate chad portfolio

>>26046193
>Diversification is a meme

Imagine thinking that billionaires put all eggs in one basket

>>26045771

>Economy collapses
>PM Boomer too fat to dig his rocks out of the backyard
>Has a heart attack trying

>>26046376
>still considers precious metals an investment
Unbelievable that I am sharing this board with absolute brainlets

>>26045771
OP is a fiat slave.

>>26045895
>Be Jamall
>Break into house
>Dindu scanners activate
>Sees weird looking tamogachi sheeeeeeet, dat stupid
>Sees a buncha weird words on a paper SHEEEEEET white boy can't even rap!
>Sees credit card sheeeeeeeeeeeeeeeet he gun cancel dat before I get to sweet baby pawn
>Sees gold and silver
>Steals your net worth
>Pawns it for 1/5th its value
>Smokes crack and dies

>>26045771
Gold has a proven track record of at least 6,000 years and every major developed country's government has significant amounts of gold reserves. It's the most reliably sound investment outside of maybe land.
Bitcoin has been around for 12 years, is mostly dependent on large amounts of technological infrastructure (not great when governments have internet kill switches unless you can leave and resume business in some other country, though to get there to begin with you'd need access to safu funds), and a couple banks are starting to try coopting it with proprietary versions. Not the most promising long term prospects right now. Interesting but not nearly enough of a solid track record to stake your life savings on.

>>26046716
Gold is impossible to move when you actually need the money.

>>26046828
Believing this

>>26046461
>Implying

>>26046716
>he still doesn't get it
Good luck moving countries with you rocks, while I have it all in my head

>>26046716
Horses had a 6000 year track record as transportation. Quill pens had thousands of year track record. Bloodletting had a 2000 year track record.

Just because something was done for a long time is not an argument. When something better comes along people very rapidly ditch the old shitty thing they used to do. When the world changes but your view of the world doesn't you are going to get left behind.

Look man, we need these monkey brained fucks to keep buying shiny rocks so that asteroid mining is enticing enough to fuel space exploration the way that silver mines in the new world caused a boom in maritime trading.

>>26046900
I'd love to see you try to unload gold and make money and make it home in one piece.

>>26046683
keked. thank you sheeeeeet u aight whiteboii

>>26046828
It's the only asset that can be sold instantly and anonymously in every town on earth. My shitty rural town of 20k has a dozen stores that will pay cash for at least 95% of spot price.

>*power outage*
>I guess you can't spend your cuckbucks anymore anon :)

>>26047054
This is pretty much on point.
I really don't get it that people manage to browse and post on 4chan (which should imply they aren't normies) but then lack the foresight to see what's coming. All those phrases and arguments are fucking dead and only repeated from 100 year old like Maloney on YouTube.
Adapt or die. It's that easy. You are not early anymore, but you aren't late neither. Bite the fucking bullet already

>>26046386
This but unironically
Also, OOOOOOOOOOOOOOO

>>26047151
>Haha fools
>Power out means all crypto has vanished
>Now let me go out and exchange my gold slip for 2 big ones!
>Walks outside during blackout
>Gets stabbed by Jamall
>SHHHHHHEEEEEEEEEEEEEEETT White boy had a gold SSD yo!
>Pawns for 1/5th it's value
>Smokes crack and dies.

>>26045895
>thinks turning off device stops everything on it
Its like watching episodes of CSI where the boomer detective thinks just unplugging the computer will stop the hacker.

Fucking retard, no wonder you think shiny rocks are the only form of investment lmao

>>26045771
First of all, it's 2021, so right off the bat you're wrong, then you proceed to be even more wrong, well done! I hold 6 figures of each, crypto, fiat, PM, stocks. I literally CANNOT lose.

>>26046828
>>26047006
Go read about the people who escapes Saigon in 1975. Cost of your boat ride to freedom was about 1 ounce of gold.
Similar deals with Venezuela, Zimbabwe, Weimar Germany, etc.
>>26047054
Horses still have plenty of value. The 2000 Kentucky Derby winner sold for $70,000,000, and non-famous steeds have six figure marker values. Cars are mostly awful as investments and start losing value the second you drive them off the lot.

>>26047446
>non-famous steeds have six figure marker values
most horses cost as much as one tire on my truck

>>26047446
Who is to say I can't do the same with a hardwallet with btc on it?

>>26046290
some retards pay shipping and "premiums" for their pm. Kinda like a % over the current price of the metal

>>26045771
DMG and DMM's mToken ecosystem is probably gonna be one of the new paradigms.

>>26045771
The only thing that matters are guns and beans and water and I didn't buy any guns so I'm probably fucked.

>>26047526
I'm saying it's possible but you only have 12 years of history so I wouldn't bet my life on it. Gold is the most universally accepted store of value and has been since before written history likely.

>>26047446
You are missing the point dumbfuck. Horses have next to no value as a form of transportation as better solutions have come along and replaced them. That doesn't mean horses have no value.

Likewise gold is going to lose its value as money. It's already been happening for decades and crypto will be the final nail in the coffin. That doesn't mean gold will be worthless, just worthless as a form of money.

People don't want to use rocks as money when better technology exists. Just like 6000 years of using horses didn't endear people to continue using them as transportation after cars came along

>>26047815
I can imagine your ancestor in the early 20th century saying something like "cars might replace horses but they've only been around for a few years so I wouldn't bet on it. Horses have been used for thousands of years before written history."

Everyone think they're so fucking smart and their horse is going to win, while your horse has 3 broken legs.

I, on the other hand, know I'm a dumbfuck, so I split my investment 50/50 between metals and crypto, so that if one gets btfo, I'm not totally ruined. In the end though, I think they'll both be winners, because they are fighting their retarded inbred jewish cousin known as Fiat.

SILLLVER AND GOLD
SIIILVER AND GOLD

>>26047975
Sorry bro but that's like investing in a typewriter company after you've seen a computer. It should have been obvious to anyone that it's game over for typewriters at that point.

>>26047825
>>26047963
Horses still have value for transportation and value for other uses, much like gold. You can't make horses stop being valuable. Cars are anti-value. They're depreciating assets for idiots.
And even given that a car could still be broken down for the value of its material components from day 1 making bitcoin even worse than cars. Bitcoin is more like stock shares or fiat currency. Its value is all speculation driven.

Barbarous metal

>>26045771

>More anti-XRP fud shilling.

Who is paying you? I'm going to straight up BUY MORE if you keep this shit up.

>>26048206
You are so dense. Thicker than a bowl of oatmeal. No surprise you cling to your boomer rocks, your brain is like that of a caveman.

>>26048435
If bitcoin goes to zero it won't be shocking in the slightest. It's a gambling experiment.

>>26046391
Yeah I would diversify when I have that level of money sure
If you diversify your $1000 wage bucks into a bunch of shit you will have a few pennies at the end of the year, but if you invested in PRQ when I told you to 2 months ago you would have upwards of $5000 dollars now

2024

Gold = $50,000 oz
BTC = permabanned by the govs and worth $0

>>26045771
Keep spreading FUD on gold so I can buy more. Thanks.

>>26048650
is that shit built on ALGO?

>>26045895
>buys another cheap smartphone with credit and uses it to cash out some crypto for a new computer and a gun
heh, nothin personnel

>>26046391
if billionaires put all their eggs into crypto they would be quadrillionaires within the decade. these massive funds like grayscale are literally going to be the financial elite far outstripping anything yet seen on earth

>>26048435
You seem to fundamentally misunderstand the difference between speculative and intrinsic value of commodities.

>>26048861
Nah it’s built on my cock n balls

>>26047526
kek.
>yeah bro just wait for the transaction to go through
>4 days later

>>26047231
Never stop posting this.

>>26046241
>pool cash with buddies to get bulk discount
>pay with wire
>qualified for free shipping long before hitting the bulk discount
it's like $110 per Eagle or $615 per 10oz. bar.

The entire board is a wall to wall slideshow of crypto threads, but you're enough of a faggot to bitch about a single general that comprises 1/152nd of the board at any one time. At this point I'm probably just going to take this guy's advice >>26046386
and buy a bag or 2 of XRP just for the meme.

>>26045771
>thinks his vapourware central bank shitcoin has as much inherent value as even a spec of dust

God literally made gold and silver.
End of thread.

>>26050477
>God said it I believe it that settles it
This is the level of cognitive aptitude of your typical rock maximialist.

>>26045771
Gold standard is returning this year, the new USD will be backed by precious metals, it will be a Central bank digital currency backed by gold in a vault. gold will not be traded it will be in a fault but its digital value will be traded around the world. XRP will be the medium that all CDDC and precious metals are traded on.

>>26050888
Give me your most powerful XRP schitzopill.

>>26051480

>>26051682

>>26051711

>>26051743

>>26051841

>>26051868

>>26051907

>>26051938

>>26051988

>>26052026

You can move one hundred million dollars of Bitcoin from New York to London in a few minutes and it’ll cost you $3. It would cost you one million dollars to do that with Gold.
Gold is dead

>>26052094
It takes less than 3 seconds using xrp and cost fractions of a penny.

Even bitcoin is transferred faster on the xrp ledger than on bitcoins own blockchain.

https://bithomp.com/explorer/rrh7rf1gV2pXAoqA8oYbpHd8TKv5ZQeo67

>>26052157

>>26052186

>>26052157
Centralization usually results in higher efficiency... yes. What's new?

>>26045771
>doesnt buy PM's because his soi filled arms are too weak to lift 100oz silver bar
lmao sad

>going against the money god created for us
yea ngmi u degenerate fuck, goldman sachs is shilling bitcoin what does that tell you retard?

>>26052327
>centralization
while its true XRP started out centralized, Anyone can host an XRP ledger node and many have. XRP is now more decentralized than bitcoin with only 7% of all nodes are ran by ripple.

Compare this to bitcoin where 55% of mining is consolidated and centralized in china by Chinese miners.

Bitcoins proof of work has an inherent flaw that the harder it becomes to mine the more centralized it becomes.

>>26049376
>hardwallets hve the crypto already on them
You don't have a transfer faggot.

how many times has COMEX supposed to have collapsed and defaulted on deliveries now?
when has it even come close to happening? PMfags are exactly the same as XRPfags

>>26052157
I appreciate seeing the promo designs for a new polymer bill series again, but you could have at least posted the versions edited to say 'US Treasury' instead of 'federal reserve note'.

Now this time, please give me your most powerful XRP schitzo pill.

>>26050888
Im into crypto but i would fuckig love it if the fed fell and gold was back in buisness