/biz/ - Business & Finance

distraction from what?

>>28220775
Silverchads roll call?

>>28220673
>where is the money going to go during the crash?
bobos

>>28220673
What's he implying?
That if Dogecoin crashes it's taking down the rest of crypto with it? Lol

into bitcoin probably

>>28221095
and after bobos close their shorts what will they be buying then?

>>28220673
>water stock guy
This guy depends on reddit to make winning trades. Fuck him and his entitlement.

>>28220673
Tesla is a bubble. The fact is they are worth nearly as much as all car companies combined despite being less profitable than most. Tesla bought BTC with part of the money they raised from selling stock to unironically buoy the company a while he diversifies his stake... solidifying himself as the world's richest man.

There is no reason for Elon to hold Tesla any longer.

>>28220673
NOOOOOO YOU SIMPLY CANNOT BUY BITCOIN TO DISTRACT

>>28220673
Very bullish fud. Remember the bubble will only be close to popping when media is only positive news

>>28220775
>>28221038
what are you gonna do with it? shove it up your ass?

>>28220673
"Money" goes back into the USD during the crash to buy assets at distressed prices. It doesn't matter if they "continuously print it." This goes on ad infinitum as long as you have a currency that can be continuously printed. Your arguement is precisely the reason why the fiat ponzi economy works the way it does...

>>28220673
>Bitcoin
>bet
Lel

>>28220673
Buy gold. Gold holds its value during inflation and deflation. Its little brother Silver is also good, but silver is a lot more volatile.

>>28220673
And this will be the great Michael Burry's downfall unless he chooses his short entries wisely. He probably has enough capital to withstand a margin call for a long time, but his capital will also be tied up in it. The logic that served him well in the past will probably be woefully inadequate with btc and tesla

>>28221431
see>>28172397

>>28221431
gonna buy your sister with it
jeez you're fucking retarded if you don't know what liquidity is outside of a fucking phone app

>>28221483
If there’s rapid deflation the fed will just print out money. It’s what happened last year and why we’ve seen massive inflation since March. It’s wise to take money out during a crash, but keeping money in fiat long term is a huge mistake

wow this man is a genius. who could have possibly come to this conclusion?

>>28221349
inb4 he's right. I'm going USDC after 50k btc

>>28221791
you're going to use silver as liquidity?

>>28220673
All the smart people will be moving their money into car audio/rim/fried chicken joints to ride the wave of business from gibs.

>>28222054
If you want liquid silver buy mining stocks

>>28222155
Or just Amazon

>>28220673
>If everything is in a bubble, where is the money going to go during the crash?
oblivion

>>28222054
Umm yeah you melt it, duh.

>>28221237
I'll buy a yacht

I think that there is a "bubble" around "social investing" right now. Companies that people on robinhood buy, are most likely in a bubble. Stuff like TSLA, AAPL, etc are much higher than they normally would be because of retail. I think that boring companies that don't really do anything that faces the public (therefore normie tards didn't buy any of it) will do the best.

I believe that Bitcoin will rise sharply the next few days or even weeks, maybe even reaching 100k. After that, there will be a major correction, bringing BTC prices down to 40k, and maybe even further. That correction will probably play out in March - at this time, I also think that the stock market bubble will burst. Crypto prices will explode after the major correction, as governments will try to react with even more money printing to the crises. This will likely lead to a cryptomarket cap of more than 15T and a BTC price of about 500k by the end of the year. Yeah, I am serious. The next few months will be unprecedented.

>>28220673
>states the obvious
Wow

>>28220673
>michael burry talking about dogecoin
In this moment I am euphoric, what a long way to have come.

thats an expensive distraction

What's Corsair's outlook over the next few months? I'm getting a report of +16% over the last month.

>>28220673
stablecoins to defi with insane APY

>>28220673
I don't understand how there isn't a crash yet, like I unironically don't understand the value of the dollar.

Before I thought it was based on the military but now that the military is incompetent in almost every aspect the dollar should have crashed. But it didn't. So than I had to think about it being based on land value in America, but than Chink flu happened and it still didn't crash.

My only guess left is that because MasterCard controls about 90% of transactions in the world and still has to USD it's basically the only thing holding the American economy together.

>>28222054
Well, better than crypto.

>>28222758
Why would this time be any different than early 2018? It’s going to climb rapidly then crash then be dormant for another 3 years

>>28220673
He's right about Tesla. It's insanely overvalued. The valuation makes absolutely no sense even in
a VERY bullish scenario.

>>28223184
You forgot about petrodollar.

>>28223184
FIAT has no intrinsic value. It's based on what people using it believe it should be worth. Much like Bitcoin.
But, of course, Bitcoin can't be printed ad infinitum.

>>28223697
Currently Tesla is priced in at every other car being a Tesla in a couple of years

>>28222758
I think bitcoin will go to 150-200k then crash to 25k, then a bear market will follow until a bullrun happens in 2023-2024, when we'll reach at least a million per btc.

>>28220673
Bonds. The crash will be deflationary, meaning gold, silver, and cryptos will go down. This may be complicated by a global move away from the petrodollar, it's unsure at this point.
Look to history for an understanding of how it may move this time. Research how the markets moved in 1929.

>>28221745
With the money he has, it's not necessary to trade on margin. Buy a bunch of 2023 puts and he's golden.

Tesla is the future because it has been chosen investors and the government. It cannot fail and it will be the next GM for the 4th industrial revolution.

Even normies are saying there is a bubble, but bonds suck right now. You can invest into EM or crypto. There's always boomer rocks. Really though, Tesla had 19 billion in cash, so 1.5 billion is only a small % of that. There's also some funky accounting going on because it's an intangible asset.

>>28221745
I don't think he's autistic enough to short crypto

but yeah he has the capital considering he had fucking 5M shares of gamestop

>>28223804
Petrodollar isn't even a real thing considering most countries don't even buy from America

You'd be better off basing the currency on the Mental illness dollar

>>28221431
unironically yes

>>28222712
Based

>>28224328
From what I know, all countries use dollars to do the payments, otherwise USA gets on their asses.

>>28224221
Yes I also watched that youtube video

>>28222906
Agreed. The future is now

If everything would play out as in the cycles before, it should moon early 2022, not 2021. And it probably will, but what happens up to that point will be very different. Much more turbulent, so fasten your seatbelts. I also suspect that very many people will be priced out after this year, as they try to "sell high and buy low" while basing their decisions on the last cycles. There will be many tears in the end of 2021, and this board will probably also be very pink.

>>28221353
Elon needs Tesla as his "saving the world" smokescreen, otherwise people will get wise to the fact that he's just as conniving and evil as Bezos.

>>28223184
It has to do with psychology. The human brain takes time to learn. And memes (read: ideas) take time to spread like genes. Once enough people stop believing in something or rather enough people start believing in something else together (another egregore) the old idea crashes. Of course proponents of both ideas can adapt the idea, but if one idea is clearly in advantage the other WILL fail over time.

>>28222176
Shut up for a sec k?

>>28224328
>most countries don't even buy from America
That's not what petrodollar is. Petrodollar is US bullying other countries into trading oil between each other and paying for it with USD. If you don't do it you might discover that you literally did 9/11 or have WMDs or gas your own civvies. Many such cases

>>28222906
>euphoric
>>28224183
>>28224514
>the future
hmmm sounds like the top lads
catch ya later

>>28224467
No, I've been to Russia, more people are willing to do transactions with Euros than with dollars.

>>28224698
the petro-renmimbi can't come soon enough

>>28223184
US military is fucked.
every other military is far more fucked. russia has almost 0 mid air refuelers. they can barely even do it and china? fucking ramps.

>>28224978
Petro-Coin When?

>>28222054
I'll give your mom some liquidity in her vagina. If you know what I mean.

>>28221163
He means that Tesla's $1.5 billion bet on Bitcoin was a distraction....from silver. All of Musk's companies are heavily dependent on the price of silver being kept artificially low, if the artificial paper silver market which shorts something like 189 years worth of silver production annually is destroyed the price will go into discovery with the most conservative numbers being around $1000 an oz. At $1,000 an oz a Tesla would cost about $40K more than it does today and people will no longer buy electric vehicles. Same for solar panels and space exploration gets that much more expensive.

>>28223184
Dollar denominated financial assets are desirable across the world, that's all it is. And those financial assets are not necessarily issued in US, eurodollar is a thing too

>>28224965
People are one thing, countries, another.

>>28225217
if right, thanks for your explanation dude

>>28225073
>every other military is far more fucked
I don't believe you, I think you're paper tigering

You have over-inflated military budgets while being coded by literally pajeet spaghetti drones who get hacked by half drunk Russians, with a force who can't maintain current levels of technology and worst of all can't even do a push-up

I don't know how you can think Russia or China's military could be worse than that

>>28225300
But countries trade with China, so why do they use Dollars?

>>28221038
alpha one, reporting in!

>>28224698
so if america stopped bombing the middle east, there would be a risk that these countries might use a different currency or there own currency and completely devalue the US Dollar? I remember Libya wanted to use their own.

>>28223184
Supply and demand.

Explanation: There has been no crash because of money printing, normally there would be a deflationary crisis with stopping the economy with Covid that would be similar to the Great Depression. This happens when circulating supply of money is low due to people holding their cash and only spending on essential things. This lowers the velocity of money. The profiteers that control society depend on keeping the velocity of money high to keep the gears of consumerism turning, so they print money and inject into the system to prevent a slowdown. The money they make from here on out is invested into assets. They keep on printing and injecting as much money as they need to keep the velocity of money just high enough to keep the dollar value at it’s current price. They will keep doing this until the “crisis” is over. When the economy finally opens up and velocity of money increases we are going to feel the effects of all the printing and it’s going to cause serious inflation. Wrecking most of the population except those who invested in assets

>>28225572
i know this is made up bullshit but
su24 couldn't lift off from a us carrier

>>28225572
yeah he's just some /pol/ tard. ignore him. the "ramps" thing is a meme from there

>>28220673
>where is the money going to go during the crash?
Well.. didn’t you pay for your shitcoins already?

>>28220775
Musk is acting like the next big things after GME are doge and BTC because he saw the silver action that was going to happen and needed to try and distract people from it so he could amass a shitload of silver. If silver starts rising to a significant extent he will have a hard time sourcing silver for his cars and selling them because of high prices.

>>28221349
> One of the most successful investors that ever existed, can do insanely complicated value analysis, is familiar with the portfolio of hundreds of famous investors

> Butthurt faggot on 4chan

Hmmm who do i take advice from? Tough call. Tough call

>>28226916
yup. and it's not just TSLA, just about every major company needs a shit ton of silver. best to get the plebs all worked up about bitcoin, anything to get them AWAY from silver.

>>28220673
Money doesn’t “go” anywhere. It gets destroyed. You don’t have any money till you sell the stuff, you just have the stuff and a theoretical value if you could sell it all for what the market is right now.

>>28223184
Zoomers don't get that USD is the foundation of the modern world. It can't just die overnight because everyone's deeply involved in it whether they want to be or not. Even if we had an absolute civilization ending doomsday scenario it's likely the survivors would still value US cash simply because it's recognizable and everyone's used to it for currency purposes. Discontinued fiat currencies have been used like that in the past even though their own issuing state no longer acknowledges it as legitimate. Inertia is a powerful force.

>>28221374
>30 threads a day about the bubble
>"ITS COMING SOON!!!!!"
What's that thing Keynes said again? lol

>>28226401
thats just wrong, all the added money ends up in assets, inflating the price of assets to a ridiculous degree
if you had asset before you rose with the tide and are fine atm, at least you will not get fucked
if you didnt have assets before you are fucked already, since almost all assets (look wherever you want, stocks, housing, pm, crypto) are finlated like crazy

but since all the money is caught up in assets all that needs to happen is that the bubble finally pops, then all that additional money they made will is destroyed through rapidly decreasing prices

winners are those that got out ahead of time and can rebuy at the lower prices
losers are those that took the "free money" and now have to repay insane debts without anything to show for
whoever was invested in assets before qe will be neutral, their ownership position didnt change and they will rise again with increasing asset prices

>>28223184
Money is given value by resources. Human Resources. As in you and your fellow slaves are what the people who own the money printers use to determine the value of your country and economy.

>>28227382
Pretty sure the modern world was built on the British Pound and only after WW2 did Dollar dominance become a thing.

70 years isn't some crazy amount of time where the foundations are multi-generationally rooted

>>28221745
Yeah hes not factoring in that Tesla has deep state approval to do whatever the fuck they want. Their whole business model is illegal, car companies have to sacrifice profit and sell to middlemen dealers, Tesla somehow gets around this law and Im sure many more. You dont bet against someone who gets to break laws and shoot a million satellites into space, this dude is way more connected that we could Imagine.

>>28224620
I trust bezos more than elon atm
bezos is just a rich cigar smoking capitalist, elon is a psycho

Okay assume there is a crash for whatever reason, market cycles, covid 2, alien invasion - whatever.
Interest rates are already ATL, so that can't do anything anymore.

Will the fed just keep buying and keep doing fiscal stims? They are the guaranteed buyer of last resort now?
Pic attached isn't even the complete picture since they have off balance sheet