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File: 25 KB, 400x400, 5f89c81a38837b8e6122107a_PeterSchiffRecommendedBooks.jpg [View same] [iqdb] [saucenao] [google]
30266669 No.30266669 [Reply] [Original]

You are a fool for not listening to Peter Schiff. No, I'm not talking about bitcoin, I'm talking about the fucked American economy. This guy really knows what he's talking about. He's been warning for the impending dollar crisis for years now. I watched one video of his out of curiosity after learning about his boomer stance on bitcoin and I have to say he opened my eyes to a lot of things. He's wrong about crypto but you'd be a fool not to take notes from the person who wrote a book about the 2007/8 financial crisis before it happened. Take the Schiff pill, stock up on precious metals and let's ride the dollar to 0 together.

https://youtu.be/pKUZvhKmhLo

>> No.30266747

He is right about bitcoin though
Unlike gold it is a speculative asset backed by fiat

>> No.30266795

>>30266669
Me in 2010 worshipped this guy.
I thought he was The Man for being one of the only guys who called the housing crisis.
Since then I've learned that he is indeed very intelligent, but he is an total con man. TOTAL CON MAN. He is just shilling gold and FUDing the economy for his own personal gain. To take advantage of your grandma and grandpa and try to sell them shitty, low return (or negative return in the case of gold since august) investments so that he can get richer.

So yeah, he is smart but he is a con artist.
Also not that I wanna "go there" on this board, which I know is not /pol/, but you know he is a damn Jew.

>> No.30266801

>>30266669
He may be kiked to Jerusalem and back again but fuck me he is based.

>> No.30266818

He is just a doomer disguised as a boomer

>> No.30266841

>>30266747
Bitcoin is not a speculative asset. Lol. Crypto in general is not a speculative asset. Anyone who thinks that doesn't understand the first thing about the service it provides to the world.

Also gold is literally the most speculative asset ever. It is literally a worthless rock with next to zero practical demand or use outside of extremely limited electronics applications, for which only very tiny amounts of the metal are needed.

>> No.30266911

>>30266841
Tell me 1 thing it offers over fiat.

>> No.30266927

>>30266669
Notice how when the entire market crashed in 2020, so did Bitcoin. That is what happens when there is a liquidity crisis. Credit contracts, and all asset prices fall. Bitcoin is simply the best fiat store of value that there is, but it is only that - a deflationary fiat token, it does nothing other than transfer fiat value(very valuable, but tokenized assets will inevitably take its place).

Gold/Silver is an alternative currency system and will take fiat's place - destroying the current economic paradigm.

>> No.30266979

>>30266911
Dude.......I can't even. No. I'm not going to do it. That is your own responsibility to learn just the first thing about the space and technology you are commenting on. Sorry, there is a level of human ignorance though where you have to just say "dude it is legit your own responsibility to educate yourself" if you don't know the services that crypto are capable of providing to people and extremely clear advantages over FIAT of all things.

LMAO like are you literally "bullish on cash" or something? I can't even. Amazing that people like you actually exist.

>> No.30266983

>>30266841
The only reason bitcoin is booming because people buy it expecting to make more money. It's a ponzi scheme that functions as long as there's someone willing enough to buy it for a higher price.
Same reason with most other alts
Gold has intrinsic value and is used to store wealth. If it was so worthless banks and states wouldn't hold any.

>> No.30267011

>>30266669
I agree with him on almost everything. But his loud opinion on crypto while staying ignorant on what crypto actually is and what makes it unique makes me dislike him more and more. If he would say that crypto is quite risky and therefore, a complementary investment in PM makes sense, much more people would take him seriously and listen to him. But he chooses to be the clown time and time again. Makes me sad sometimes, because he definitely has mostly sound opinions about economics.

>> No.30267069

>>30267011
He's not ignorant and he doesn't believe the things he says about crypto. That is what you need to keep in mind. His company literally sells gold. He FUDs crypto to make money on gold. His shitty gold has dropped like a rock in value since August, consistently. And much of that is because people are running to crypto instead of gold.

>> No.30267271

How much did he say donate to the curch? 10 bucks?

>> No.30267317

>>30267069
>he doesn't believe the things he says about crypto
Well, maybe. But how do you know? And I don't think he will convince many people to trust him if he argues the way he does, which comes across as insincere.

>> No.30267350

>>30267011
When he talks about crypto he usually refers to bitcoin, which is indeed useless

>> No.30267422

>>30266669
Based Schiff

>> No.30267579

>>30267350
Useless? You are wrong. Does it have deficiencies that need to be addressed. Yes, sure. Will it forever be the cryptocurrency with the highest mc? Probably not, but it serves as the "door-opener" for normies. And that's why it will stay the most popular cryptocurrency for at least a few more years.

>> No.30267667

jim rogers been talking about it since the 1990's

>> No.30268321

>>30266841
>Crypto in general is not a speculative asset.

im no goldbug, in fact im all in crypto, but this is some class A cope.

>> No.30268425

>>30267011
>what crypto actually is and what makes it unique

Zoomers in a nutshell. No my digital bits are the future booker. You don’t even understand boomer.

Eat shit

>> No.30268554

>>30266983
>The only reason bitcoin is booming because people buy it expecting to make more money
Maybe thats the reason all the normies are buying it but anybody who understands the situation we are in is buying it because fiat is becoming increasingly useless at an alarming rate. I'm not buying this shit to make more fiat, I'm buying this shit because my fiat is losing value exponentially.

>> No.30268626

>>30266669
You should have bought Link, Peter. You are one of the dumber kikes though.

>> No.30268632

>>30266669
how dare you imply that a financial professional is more based than the neckbeard basement dweller collective of /biz/

>> No.30268686

>>30266669
And your daddy died in the fedpen. Hahaha. Imagine going to see your Dad in prison for most of your life. Like a nigger. Like a Schiff. lmao better than an oven I guess

>> No.30268793
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30268793

>>30268425

>> No.30268828

>>30268632
The difference is "financial professionals" first and foremost priority is to make more money. You think they want everyone else to become as wealthy as they are?
Not to mention you forget how useful weaponized autism can be. Neets on 4chan have done shit on toasters that the FBI can't do. Perfect example being the Shia Lebouf thing or however that faggots name is spelled.

>> No.30268853

>>30266669
>stock up on precious metals and let's ride the dollar to 0 together.
How do you cash out?

>> No.30268868

>>30266669

Jesus christ, I'm sure he's a good investor, but this is some real stereotypical American "regulation/socialism = bad", acting as if the market is this mystical deity entity that one shouldn't even try to control. Raise the minimum wage and rein in doctors who makes millions yearly. Europe and half the world is laughing at you.

>> No.30269388
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30269388

>>30266841
>Bitcoin is not a speculative asset. Lol. Crypto in general is not a speculative asset.

>> No.30269404 [DELETED] 

How is this even possible.I want to know more about mochimo. Is it worth investing? Ive been seeing it on the boards a lot recently.

>> No.30269490

>>30266841
holy shit you are braindead

>> No.30269582

>>30268853
>How do you cash out?
Jesus christ. How are there still people that believe in the cashing out meme?
You dont cash out crypto, you dont cash out PMs.
You use them to replace fiat

>> No.30269601

>>30266669
Why would i listen to a literal gold hoarding jew
Kys faggot

>> No.30269703
File: 28 KB, 720x505, retards.jpg [View same] [iqdb] [saucenao] [google]
30269703

>>30268793
>webm.jpg

>> No.30269731

>>30266669
If you dont thinke he's a fool why dont you go give him your money to invest. He makes abysmal returns

>> No.30269853

>>30268868
>Europe and half the world is laughing at you.
Because Europe has gone the half socialist way and trust me, most european countries are facing a big catastrophe economy wise soon, in this decade.

>> No.30269873

>>30266979
So it doesn't have anything to offer, got it

>> No.30269947

>>30266669
Muh doomers, muh mike maloney and shiff getting it fucking wrong repeatedly and then all the youtube faggots elling little silver coins overpriced to tards. Muh doomerism muh garbage.

https://www.youtube.com/watch?v=Z3j8kvUtYdY

And look OP uses the word boomer, the gold seal in knowing OP is a completely retarded halfwit child living with his parents
>What's the difference between a fuck sloppy cunt and an American zoomer?
>Something intelligent might come out of the fucked sloppy cunt

>> No.30269994

>>30269853
And why the fuck should I 'trust you' you retarded poltard spastic? You're the living definition of failure and dumb

>> No.30270025

>>30268828
This why I love you guys

>> No.30270102
File: 50 KB, 895x679, financial advice from a salesman.png [View same] [iqdb] [saucenao] [google]
30270102

>>30266669

>> No.30270907

>>30269873
>>30269490
>>30269388
>>30268321
Bitcoin is not a speculative asset, lol. And crypto in general is even less speculative. These are real technologies with real, practical applications.
Gold, on the other hand, is 100% speculative. Period. 100%. There is no practical demand for gold (well, almost none outside of a very small amount used in circuit boards).

Can I sit here and extoll all of the use cases and services provided by crypto?
Sure, but the bigger question is what the fuck are you even doing on this board if you don't already know them?
>>30267317
I know because he's smart. He's a VERY smart man, and usually when you see smart people on TV or Twitter saying extremely stupid fucking things it's because they don't really believe them. They gain from saying them in some way. In Peter Schiff's case he gains by literally being the digital equivalent of a door to door gold salesman.

>> No.30270998

>>30269994
ok commie but most europeans don't want these conditions our gdps have stagnated for 30 years lmao

>> No.30271162

>>30269731
>He makes abysmal returns
He's interested in gold for the geology. It's not about money. He's not some moonboy.

>> No.30271479
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30271479

>>30270907
you're never going to get why precious metals have value because you're an NPC.
even the blackest AIDS-infected nigger, who doesn't even have a frontal lobe and can barely be called human, in the most destitute region of Subsaharan Africa has more comman sense than you do.

>> No.30271571

>>30266979
You type like a woman.

>> No.30271590

>>30271479
What if gold had the exact same mineralogy as lead? Same distribution, same abundance. How much would it be worth then?

>> No.30271663
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30271663

>>30266841
>Bitcoin is not a speculative asset. Lol. Crypto in general is not a speculative asset.

>> No.30271714

>>30266979
I'm bullish on crypto but your fuckboy attitude makes me want to sell and go all in on cash.

>> No.30271746

>>30271663
>>30271571
>>30271479
Fucking boomers. And what is it with right-winger /pol/ack types being all obsessed with gold and hating on bitcoin / crypto. I don't understand. If you believe the world is ruled by shady jewish banking cabals then literally crypto would be the one thing you could support to actually break that stranglehold. I mean crypto democratizes everything.
I honestly think you people just don't understand the technology at all.

>> No.30271754

>>30266795
This. For some reason retards always think youtube personalities mean what they say. Not when money is involved, this guy is literally a gold salesman. Everything he says has one goal: to sell you gold.

>> No.30271821

Schiff is based

>> No.30271847

>>30271746
Because it's delusional thinking. Did the internet break the stranglehold over information? No, it just facilitated its flow from the elites to the plebbery.

>> No.30271892

>>30266669
Schiff is a monetary amateur economist but he's 100% right and has been wrong. The crypto hate is understandable but he's just fucking dumb when it comes to that. Otherwise he is a true genius. Shit even boomer Buffet was wrong about crypto.

>> No.30271907

>>30271746
>>30271663
>>30271571
>>30271479
And you guys.........you don't understand.
You're looking at a future with currency that NOBODY can control. Nobody can manipulate. It will be able to transmit seamlessly from one wallet to the next without having to move it or leave a carbon footprint to transport it (yes BTC is energy consumptive, but it is an old technology at this point and many better options have already been created that are far more carbon friendly).
All of your banking and shopping will be able to be done over blockchain.
Voting will be able to happen over blockchain and it will be 100% secure.
Companies like Google, Facebook, Amazon, Uber. None of them will exist in the future because blockchain will replace them. They're all going to have to adapt or die. Amazon will have to create a crypto and recognize that it will be decentralized, and that Amazon will not be in full control of it, or else they'll eventually just cease to exist.

You guys don't understand the breadth of this technology and the promise it holds + the practical use that is already available and what it is allowing.

And you're sitting here FUDing for a literal worthless fucking rock.

>> No.30271908

>>30266841
>reddit spacing
>no spec asset
Go back and kys

>> No.30271982

>>30271847
Are you crazy? You're dumb as shit. People used to get all of their news from NBC and the New York Times. Now there is a wealth of information everywhere. Blockchain is gonna democratize that further as it will be impossible to censor.
>>30271714
Read what I wrote here >>30271746 and here >>30271907. Go ahead and sell. You retards can't stop the future at this point. If you choose to be a dinosaur then that is on you.

>> No.30271997
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30271997

>>30271907
>You're looking at a future with currency that NOBODY can control. Nobody can manipulate. It will be able to transmit seamlessly from one wallet to the next without having to move it or leave a carbon footprint to transport it (yes BTC is energy consumptive, but it is an old technology at this point and many better options have already been created that are far more carbon friendly).
>All of your banking and shopping will be able to be done over blockchain.
>Voting will be able to happen over blockchain and it will be 100% secure.
>Companies like Google, Facebook, Amazon, Uber. None of them will exist in the future because blockchain will replace them. They're all going to have to adapt or die. Amazon will have to create a crypto and recognize that it will be decentralized, and that Amazon will not be in full control of it, or else they'll eventually just cease to exist.
>Bitcoin is not a speculative asset. Lol. Crypto in general is not a speculative asset.
sounds super non speculative and in the bag keep buying your database entries

>> No.30272000
File: 3.64 MB, 450x252, cope.gif [View same] [iqdb] [saucenao] [google]
30272000

>>30270907
>Bitcoin is not a speculative asset, lol. And crypto in general is even less speculative. These are real technologies with real, practical applications.

>> No.30272010

>>30268868
Laughing in what? Shitty upward mobility? Gtfo europoortard.

>> No.30272049

>>30271908
It's not a speculative asset at all.
You idiots are so dumb.
How do you think a worthless bunch of 1's and 0's becomes worth 50K each?
How do you think that's "speculative"? It's not. It happens because it provides a service and benefit to people. They can seamlessly transmit money that can never be manipulated over the internet in a totally secure and anonymous way. People love that. And that is bitcoin and that is just the beginning. Other coins are far more technologically advanced and offer FAR more in their breadth of service they offer.

>> No.30272090

>>30271907
All this is predicated on the current financial system surviving the next couple decades.
Which it won't.

>> No.30272099

>>30272049
>How do you think a worthless bunch of 1's and 0's becomes worth 50K each?
speculation maybe you idiot reddit fag

>> No.30272103
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30272103

Why don't you guys just buy both bitcoin and gold? Gold is nice because you can physically hold it, and it's easy to secure if you already own a gun safe. In the extremely rare event of total civilization collapse, gold becomes exceptionally valuable again. Bitcoin has all the advantages of gold and more. It's can be divided into infinitesimal amounts - not practical with gold. It's a store good of value and easy to move around.

They're both good assets.

>> No.30272126

>>30271997
That is really pathetic and peek pathetic /pol/. Just greentexting my comment and posting the open mouth wojak meme next to it. Just pathetic. Meaningless. It's a total non answer.
>>30272000
I'm coping? I'm a millionaire, you moron. And I made that money off of bitcoin specifically because it's NOT speculative.

>> No.30272183

>>30272049
>how does it become 50k
More people buy then sell. If no people buy it and more sell it, it goes down. Speculation at its best newfag. I have yet to see anything usefull coming out of crypto in my 8 years besides making millions on meme coins

>> No.30272185

>>30272103
because gold is a tiny tiny bit speculative, you are speculating when you buy gold. Bitcoin is not a speculative asset at all you see so its better and safer to be all in on that as there is zero risk

>> No.30272231

>>30272099
That's the point, why would anyone speculate on 1's and 0's? Fuck, you people are dumb.
"Let me write down some 1s and 0s, maybe they'll become worth 50K one day!" obviously it doesn't work that way.
Those 1s and 0s are valuable because they are wrapped in a technology that provides a service and benefit for people.

Fuck, boomers are too fucking stupid. Just go back to /pol/ and stay poor in your trailers, please.
>>30272090
Well that's dumb, but the last thing that will have any value in a potential scenario like that would be gold, which is a rock with zero practical demand or use.

>> No.30272241

>>30266669
He was wrong about the 2007/8 financial crisis. He said a crisis was coming (he always does). However the causes and results he got dead wrong.

>> No.30272242
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30272242

>>30272126
>And I made that money off of bitcoin specifically because it's NOT speculative.
imagine being this braindead lmao

>> No.30272283

>>30271907
Yes they dont understand.
I am unironically amassing monopoly companies right now and they will beg me to suck my dick to buy with their worthless fiat and their boomer rocks. Defi is the best thing that could have happened to me. Nobody will control my defi only aquirable assets.

>> No.30272325

>>30272183
You people are fucking stupid.
All commodities are "speculative" to an extent. Any time you buy or sell them, you are speculating on the use they will have. The point is that an asset needs to provide some practical value or use in order to become valuable to begin with.

The only exception to this, ever, has been gold, and why would anyone have gold when they can have bitcoin, which is just objectively superior to it in every way? And in numerous practical ways?

>> No.30272334

>>30272126
>The stories and information posted here are artistic works of fiction and falsehood. Only a fool would take anything posted here as fact.

>> No.30272336

>>30272231
50k bitcoin isn't gunna mean shit when a loaf of bread is 100k.

>> No.30272339

if you don’t understand why bitcoin is revolutionary you’re a braindead retard
there’s this specific subsection of goldbugs that just do not want to get it
I stack gold AND crypto myself before you seethe at me

>> No.30272364

>>30266841
>Bitcoin is not a speculative asset. Lol. Crypto in general is not a speculative asset.
Wew, lad

>> No.30272374

>>30272283
Yes. You're right. DeFi is the future of the whole world and it will reshape our society more radically even than the internet did. It will change absolutely everything. These boomers don't understand. They're old men with out much cognitive sharpness.

>> No.30272417

>>30272374
Yes you understand me my fren. You will be allowed to buy.

>> No.30272441
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30272441

>>30272374
>DeFi is the future of the whole world and it will reshape our society more radically even than the internet did. It will change absolutely everything.
this type of conjecture is called 'speculation' anon, im assuming your indian or something and dont have a complete grasp of the english language, what your doing is called speculating :^)

>> No.30272442

>>30272241
why do you have opinions about something you know nothing about? not only do you know nothing about the subject, you are arrogant in your ignorance.

Peter Schiff stood in front of a room of mortgage brokers in 2006 and gave them the script for the big short, 2 years before it happened.

https://m.youtube.com/watch?v=jj8rMwdQf6k

In it he perfectly describes the EXACT causes of the 2008 financial crisis, years before it occurred. please never post on this website again

>> No.30272473

>all these people not understanding that bitcoin is so predictable that all you need to do is wait for a halvening to get money
its literal mathematics you drooling retards lol how dumb are you fags

>> No.30272493
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30272493

>>30272442
NOOOOOO BUT HE CALLS OUT THE BULLSHIT OF MY 1s AND 0s USING THE SAME LOGIC NOOOOOOOOOOO

>> No.30272495

>>30266669
reminder that this fag accepts bitcoin as payment for gold on his website, and only midwits and newfags find his commentary on economics to be profound
>let me take those useless internet tokens off ya, goy! they're totally just new tulips!
>here, have some shiny rocks instead! these are the rocks that are worth way, way more than internet coins, you should be thanking me!

>> No.30272496

>>30272334
You can always tell the retarded poorfags who wander over here from /pol/ because they're always the idiots who think that nobody on the board that is LITERALLY FULL OF CRYPTO INVESTORS is rich.
That is the dead ass giveaway you are dealing with a trailer park pleb who doesn't understand a thing about the technology or the world it exists in.
>>30272336
If hyperinflation of the US dollar happened then technically bitcoin would be the best store of value available for you. Not that it will ever happen. That is a retarded right-wing SHTF fantasy and not something in the actual cards. God, listening to you people and your conception of how economics works really makes me sick.

>> No.30272501

>>30272231
Its pure speculation you monk, there is no practical use in bitcoin besides buying low, selling high. There was a time in 2010 where it was actually a nice idea, but they fucked it up on the way with the fees and everyone just gambles on it now as paypal does a better job now and no one gives a fuck about decentralization

>> No.30272537

>>30266841
Gold the whole ornament industry in most south asian and mid eastern countries

>> No.30272539

>>30272441
ITS NOT SPECULATIVE there are billions of dollars in TRANSACTIONS handled across the Ethereum network all the time, and they are not "speculative" they are actual, practical real world use cases. Fuck dude. You people understand nothing. And that is just ONE network, which is a flawed network and is in the process of being replaced by superior techs like Cardano.

>> No.30272541

>>30272495
he doesnt take bitcoin, they use an intermediary that allows people to send bitcoin which is immediately sold

>> No.30272555

>>30272473
That's not mathematics, it's just extrapolation of past patterns.

>> No.30272565

>>30272441
>your indian
>your doing
nice grasp of the english language you got there

>> No.30272579

>>30266669
looks like ian botham

>> No.30272608
File: 507 KB, 1000x802, file.png [View same] [iqdb] [saucenao] [google]
30272608

>>30272539

>> No.30272626

>>30272555
no fucking way
this HAS to be bait

>> No.30272643

>>30272496
How the fuck would it be the best store of value? 1 BTC = 1 BTC = whatever it's worth in usd = the purchasing power of said USD = 1 BTC

It's all the same number if it's all based off usd.
A shitty us $ isn't worth more cuz irs converted to bitcoin.

>> No.30272652

>>30266669
He just states basic economics. Read thomas sowell or some shit faggot

>> No.30272661

>>30272501
>>30272608
>>30272537
>>30272501
You people are so fucking stupid. I'm done even trying to reason with you all. Stay old and stay poor and stay ignorant.

>> No.30272677

>>30272539
Have you actually bought anything with your bitcoin

>> No.30272717

>>30272661
nice arguement, your bitcoin is so in the bag and non speculative you cant even explain why it has value, you win good sir have some reddit gold

>> No.30272746
File: 782 KB, 888x894, 92EAB2DC-1191-40F0-8A73-FF0FACC58302.png [View same] [iqdb] [saucenao] [google]
30272746

imagine
JUST IMAGINE
watching an asset go from worth literally $0.00 to $47,000 in the span of 12 years
an asset that requires no trust, YOU own it and only YOU can send it
no bank necessary to facilitate your transactions
no banks can use it to speculate with while “rewarding” you with near zero (or even negative) interest rates
no central bank eternally inflating your wealth away
you cannot be banned from using it
secure, fungible and mathematically designed to preserve your hard earned cash

if you've known about bitcoin for years and you're STILL fudding because you STILL do not understand why it has ANY worth at all, you are literal cattle
dumb useless fucking nigger cattle
you are a lower life form
you are worthless
you will never understand

>> No.30272774

>>30272661
its pretty simple. put away the $ valuation, what would you rather have: 1 bitcoin, a property or an ounze of gold. if you answer with bitcoin, you are retarded^2

>> No.30272798

>>30272746
>$0.00 to $47,000
You're still counting in fiat though
Pretty volatile for something that's not speculative

>> No.30272807

>>30272541
>h-he doesn't take bitcoin, he just accepts payment in bitcoin and there's this intermediary that sells everything off, and i know this is true because he said it!
holy fuck come on, you can't be serious with this cope
how is that smooth brain of yours working out?
do you cry whenever you miss yet another moon mission or are you just too numb to feel anything now?

>> No.30272816

>>30266841
have fun paying for anything with your crypto when the power or internet is out.

>> No.30272818

>>30272539
Lol you dumb fuck what are those transactions for exactly? Every single last one of them is people swapping Indian scam tokens with each other in a speculative frenzy. Real solid fundamentals there dipshit

>> No.30272820

>>30272746
They will NEVER understand.
>>30272283

>> No.30272861

>>30272807
go look for yourself retard

>> No.30272876

>>30271479
Top fucking kek

>> No.30272888

>>30272798
coping cattle
moo for me please

>> No.30272894

>>30271907
>you boomers and your shiny rocks are fools
>just look at these numbers on my computer screen
>you will never control these numbers
mhmm

>> No.30272904

>>30272807
>>30272861
almost every company that takes bitcoin uses a similar system too

>> No.30272915
File: 28 KB, 499x481, h.jpg [View same] [iqdb] [saucenao] [google]
30272915

>>30270907
>a very small amount used in circuit boards
Yeah, we barely have any use for those things.

>> No.30272925

>>30272888
I own crypto but I accept the fact that it's speculative and not a store of VALUE

>> No.30272982
File: 149 KB, 741x408, 9BA022DB-3B34-4E3B-8CAE-AB821FE5A0C6.jpg [View same] [iqdb] [saucenao] [google]
30272982

>>30272915
who the fuck uses cars anymore? I just ride for free from wallet to wallet using blockchain technology

>> No.30273030

>>30272982
now post how much more is used in electric cars

>> No.30273049

>>30272904
except this is wrong, and of course you have no actual proof because you are either straight up lying or you're actually too stupid to know what you're talking about - and why would i ever expect anything better when you actively shill a conman who has talked lots of mouthbreathers and retards out of gains while lining his own pockets

>> No.30273064

>>30272915
It's like a microscopic amount of gold used in circuitboards. I used to scrap them when I was a kid. It's the tiniest amount, it's not even worth it or economical to extract the gold on your own (I've tried). It's basically a zero-practical-demand commodity and the people who love it are, ironically, the ones who will come and tell you "bitcoin is speculative!"

>> No.30273074

>>30266747
metals were only used because they have scarcity.
Now that we have digital scarcity and a much more liquid asset, gold has to sit the fuck down.

>> No.30273085

>>30266669
>the person who wrote a book about the 2007/8 financial crisis before it happened.
i can do you one better. he didn't simply observe it coming. he actually told mortgage bankers to their faces that they were doing it.
https://www.youtube.com/watch?v=jj8rMwdQf6k
>november 2006

>> No.30273090

>>30273049
no its not, go on his website and look at the payment system, he has also talked about it in one of his podcasts

>> No.30273106

>>30273030
I don’t want more competition stealing electric cars when silver moons and a Tesla is worth half a million due to silver wires and batteries

>> No.30273127

>>30272661
Don't bother anon all of these chuckle fucks can do is green text and post onions jack, no surprise they all come from pol and reddit (as if there was a difference).

>> No.30273134

>>30272746
>you cannot be banned from using it
yes, you buttcoiners are delusional.

>> No.30273188

>>30271590
If your mom had wheels she'd be a bike. Gold is rare.

>> No.30273191

>>30273127
this is the guy your replying to retard
>>30266795
reddit spacing and its tha jooooz posting lmao

>> No.30273198

>>30273134
didn’t a blizzard ban texas from using it for a week?

>> No.30273200
File: 50 KB, 709x1024, 1614615572649.jpg [View same] [iqdb] [saucenao] [google]
30273200

>>30272904
>>30272888
>>30272876
>>30272818
>>30272746
>>30272661
Soon i will ONLY take crypto as payment.
You are allowed to buy.

>> No.30273256

>>30273090
the payment system doesn't go over how the intermediary works or the wallet it sells from, so it never occurred to you that he could literally just make that up right?
i'll ask again, and slowly - i'll even give it it's own line so that you can see it
where is the proof that his payment system for btc actually does what he says it does?

>> No.30273283

>>30272746
>fungible
literally not fungible

>> No.30273293

>>30273127
>>30273191
Like I'm a right-winger, free market capitalist. I'm not a fucking commie. I'm even pretty racist and anti-semitic, frankly. But /pol/acks aren't even really capitalists or right-wingers. They're basically just white, basement dwelling communists who like Hitler.

>> No.30273311

>>30273200
>rim
>man to man
>$5
>crypto only

>> No.30273375
File: 97 KB, 1080x274, Screenshot_20210305-143303__01.jpg [View same] [iqdb] [saucenao] [google]
30273375

He is also based

>> No.30273377

>>30273293
>Like I'm a right-winger, free market capitalist. I'm not a fucking commie. I'm even pretty racist and anti-semitic, frankly. But /pol/acks aren't even really capitalists or right-wingers. They're basically just white, basement dwelling communists who like Hitler.
nice blog

>> No.30273386

>>30271746
>>30271907
seethe

>> No.30273392

>>30273191
>calls other retards
>post basedjack
>>30271997
Sho sho go back sweetie

>> No.30273400

>>30273293
>I hate the jews
>but unlimited currency to buy limited resources just seems like a good idea to me

>> No.30273415

>>30273293
>>30273127
>>30273191
>But /pol/acks aren't even really capitalists or right-wingers. They're basically just white, basement dwelling communists who like Hitler.
Well actually, I guess the younger ones are. The boomers on /pol/ are just your basic bitch Trump supporters, I guess.

I can't stand them either.
IDK, everyone on that fucking board is just cancer.

>> No.30273417
File: 552 KB, 499x618, 1614795572497.png [View same] [iqdb] [saucenao] [google]
30273417

>>30273311
I am selling water.

>> No.30273524

>>30266669
>He's been warning for the impending dollar crisis for years now

He's a goddamn gold bug with something to sell you. All the gold fags have been saying this for years, /pmg/ is the same shit. Him and his posse unironically call fiat a ponzi scheme, he's no more delusional than btc fags who think btc will become the world currency.

>> No.30273544

>>30272677
I bought a 4chan pass

>> No.30273545

>>30273415
>The boomers on /pol/ are just your basic bitch Trump supporters, I guess.
Wait what happened to following Ron Paul I know the libertarian party in america has had problems but they were going good a few years ago right?

>> No.30273554

>>30273417
I’m Canadian. we already got 20% of the worlds fresh supply so unless it comes pre-frozen I’m not interested

>> No.30273555

>>30273377
You can't even read a 2 line post? Fuck you, go back to /pol/ please.
>>30273400
Bitcoin isn't limited, there is a 21 million hard cap and actually inflationary cryptocurrencies are good too. The key is just to make sure the inflation isn't controlled by any one person or group, which is what blockchain accomplishes.

See you people don't know the first thing about the technology you are discussing.
You literally think there are "unlimited" bitcoins. You come here from /pol/ and you speak in pure ignorance.

>> No.30273602

https://en.wiktionary.org/wiki/a_stopped_clock_is_right_twice_a_day

>> No.30273634

>>30273545
IDK I like Ron Paul. That's where I'm at. I'm a right-wing libertarian. IDK, maybe I'm not even that right-wing. I don't like the banks and T B H I don't really like the landlords, either. I guess other than that I'm a libertarian right-winger Ron Paul supporter, though.

That's why I bought BTC in 2013 and became rich by sitting in my underpants and doing nothing as these same boomer retards told me "Bitcoin is worthless!" without understanding the first fucking thing about the technology.
This moron right here >>30273400 is literally claiming there are unlimited bitcoins. That is how fucking clueless these pieces of shit are.

>> No.30273637
File: 58 KB, 535x796, 1612639811413.jpg [View same] [iqdb] [saucenao] [google]
30273637

>>30273554
Build your own monopoly fren. Theres still time.

>> No.30273665

>>30273545
/pol/ follows no one and anyone who says it does is mad that /pol/ doesn’t follow the person they follow. Ron Paul is /pol/ Jesus, but /pol/ has a lot of Jews, and we know how the Jews felt about Jesus...

>> No.30273677

>>30268868
>raise the minimum wage
>some shithole with 25% less GDP per capita will laugh at you if you don't

>> No.30273695

>>30273400
>>30273555
>Bitcoin isn't limited,
isn't unlimited*

>> No.30273704

>>30273064
>It's like a microscopic amount of gold used in circuitboards
Meaningless unless you compare it to how much Gold there is on Earth (not much). Also, jewellery is a real thing. You can dismiss it, but people still demand gold to make jewellery. If I have an ounce of Gold, I KNOW anyone on Earth would want it from me in 10, 20 years. Because they can either use it to make a real thing, or they would know someone else would want it off them in the future too. That's what INHERENT value means. You don't know that anyone will want a specific cryptocurrency token in 2030. Therefore it is speculative by definition.

Anyway I'm not a gold bug, but flippantly saying Gold is worthless just to argue the point you're emotionally invested in identifies you at about 15 years old.

>> No.30273761

>>30271754
You're a fucking retard. He runs an asset management company with billions aum. He'd much rather get money in that than sell gold

>> No.30273765

Dollar bears are unilaterally retarded, if you can’t understand that in a liquidity crunch (which we’re now in, yields on 2-3 maturities is fucking 0% bid by primary dealers check the auctions) that everyone needs USD (even if they do not intend to hold USD they need the liquidity to exit and enter new positions as downturns cascade.

When the chips are down you aren’t looking for your Indian roupiii or whatever monopoly. If you think USD fist is worthless imagine just how fucking worthless the rest of the fiat of the world is when they have higher debt/GDP ratios than we do AND aren’t the fucking world reserve currency

>> No.30273785

>>30273090
>>30273256
nothing still?
thought so
go shill this fag on facebook or wherever they'll turn a blind eye to his hypocrisy and other bullshit

>> No.30273803

>>30273634
>he said unlimited currency to purchase limited resources
>he must mean Bitcoin and not fiat currency used to purchase said Bitcoin
I don’t consider Bitcoin to be currency or a resource since you have to buy it and you can’t use it for anything.
>muh 21 million potential
cool. have fun when the power goes out.

>> No.30273839

>>30273555
Its deflationary you dumb nigger. People lose keys and bitcoin every day

>> No.30273851

>>30273704
?
No it's not meaningless dude. There is almost no practical demand for gold. There is no practical shortage of gold. None. I'm telling you the amount used in circuitboards is microscopic. It's almost to the point of irrelevancy.

Damn. I really hate you people.
There are literally giant caches of gold bars sitting in banks all over the world. It's not going into circuitboards. There is literally no use for the stuff and no demand for any use for the stuff.

>> No.30273853

>>30273761
His portfolios are well known for having insane fees and really mediocre returns. Go check all of the all caps reviews of his funds by people furious that Peter clearly never gave a shit to begin with

>> No.30273871

>>30266669
look at the reviews for his investment company. he's lost people so much money

>> No.30273873 [DELETED] 

You are anon, you didn't start shit.
Stop with the stupid shills that aren't about earning money
this scammers never know cool project to promote
>I don’t worry about it, hold SWG and wait for swirge development

>> No.30273913

>>30271907
> future with currency
but nobody transacts in it, and it is extremely inefficient for transacting so it will never happen
>nobody can control. Nobody can manipulate
then why is this board filled with people crying about rug pulls? Sounds like manipulation to me.
>not speculative
Then why are people always asking about what's the next 100x?

>> No.30273982

>>30273839
Good. That's the point. That means when people lose their bitcoin yours becomes worth more. And then it gets divided down further unto the satoshi-level. When satoshis become too valuable (waaaaaaaaaaaay off in the future like maybe 100 years from now, at minimum) then you'll be looking at a hard fork to fix the problem, but even that won't be too big of a deal.

But it won't matter because bitcoin won't exist 100 years from now. There are so many better and more technologically robust coins that can do so much more. So bitcoin was the first and will remain valuable going forward in the near to medium term, but longer term you're looking at something like Cardano taking it over and supplanting it as the dominant cryptocurrency and probably the dominant currency on Earth.

>> No.30274028

>>30273871
His strategy isn't to make money in a short term bull market. His strategy is to prepare for the dollar to collapse. Of course it will underperform until that happens. It's better to be too early than too late.

>> No.30274086
File: 87 KB, 680x454, 1612639730973.jpg [View same] [iqdb] [saucenao] [google]
30274086

>>30273982
no bitcoin - no water.
should have kept those keys.
>>30273417

>> No.30274258

>>30274028
And he's been doing that for many, many years absolutely ruining people in the meantime, his timing is clearly so bad you can't trust him. He could be right, but in twenty years and then you're already broke if you follow his lead.

>> No.30274346

>>30273851
>There is almost no practical demand for gold. There is no practical shortage of gold

The equilibrium between the demand and the supply is shown by the price. If there was really NO demand and NO shortage it would be free, $0.

>I really hate you
Emotional child.

>> No.30274356

>>30274258
Then why do people pay him if he's so bad

>> No.30274403

I hold both crypto and PMs :)
I like both and believe both have advantages that the other asset class does not :)

>> No.30274428

>>30274258
You don't have to go all-in to every investment. It's ok to keep a 'what if I'm wrong' 5%, otherwise known as a hedge.

>> No.30274438

>>30274356
They get roped in by stories of impending collapse. As I said, look up the reviews. Many sad stories in there.

>> No.30274533

>>30274438
https://topratedfirms.com/brokers/customer/europacificcapital-review.aspx
>>30274428
He scams boomers into placing all their money with him. He even had to discontinue a fund because the past performance reflected so poorly on him.

>> No.30274725

>>30274346
No I said no "practical" demand. Because there's almost no practical use case for gold, like I said, except in circuits where the amount used is almost microscopic so it doesn't really generate any demand.

You know? Because our discussion is about goldboomers coming here and claiming "bitcoin is speculative!" without understanding the first thing about it? And then not having any self-awareness to see that their own beloved worthless rock is carrying a purely speculative value.
Which, by the way, has been falling like a rock through the floor since August as people have been running to bitcoin.

>> No.30274845

>>30274725
Redditplebs are literally the worst

>> No.30274888
File: 28 KB, 400x400, 1613326598783.jpg [View same] [iqdb] [saucenao] [google]
30274888

>>30274725
maybe i stop taking crypto and take gold instead.
everyone needs my product - or do they ?
>>30273417

>> No.30274974

>>30274725
>No I said no "practical" demand
It's not up to you to declare what is and isn't valid demand. Demand is demand, you seem to be here to masturbate yourself, not to make money. I've never said Gold isn't speculative.

Bitcoin and gold are two completely different things. It's so tiresome that every time you criticise crypto you just get 'BUT MUH ROCKS' in response. Like that's such a fallacy, x is good because y is bad. If you're not interested in Gold then shut the fuck up about it and stop using it as a comparison to excuse your lack of understanding about your chosen assets being speculative.

>> No.30275056

>>30266669
Peter is right that BTC is a useless piece of garbage.

He's still wrong on the economy, it's fine. This dip will be temporary.

>> No.30275117

>>30273256
https://decrypt.co/resources/bitpay-bitcoin-what-is-explained-in-five-minutes-payment-fees-aqa

>Customers make payments in Bitcoin
or Bitcoin Cash. Then BitPay changes the payment into one of eight major currencies like the US Dollar and pays it directly to the business.
>

>> No.30275123

>>30266979
Crypto is totally useless, you're totally ignorant if you think crypto is more useful that Fiat money.

Educate yourself, read about economics, LEARN SOMETHING.

>> No.30275191

>>30274533
>He scams boomers into placing all their money with him.
I'm sure he does, but his understanding of economics and where monetary policy is headed is largely correct. Probably what makes the scam so successful.

I'm an expert gardener. I can look at any tree and tell you it's DEFINITELY going to fall over, because I understand trees. If I then sell a boomer tree insurance on a tree that might not fall over for 50 years, I'm still not technically wrong even though I'm scamming them.

>> No.30275258

>>30275191
No it's not.

The economy is totally fine right now and the pandemic was less than a dent. This stock market "Crash' is a blip and stocks will continually rise with the money supply.

>> No.30275354

>>30267069
I made it by buying crypto in 2014. If I had bought gold with my fiat instead, I would have 1oz of gold.

>> No.30275374

>>30266669
but he was always wrong on everything he does

>> No.30275377

>>30275258
>50% of all dollars in existence printed in last year
>everything is fine

OK. That's a deeper discussion but basically Schiff might be scam artist, but one who's using correct long term analysis.

>> No.30275457

>>30268554
Precious metals: Silver.

Youtube "thegreatesttruthnevertold" channel.

https://youtu.be/WhhGVnZRbj4

>> No.30275684

>>30272126
lol you're not a millionaire you 5 year old dipshit. You're a fucking moron.

Anyone who made millions on crypto, did it because it was most definitely speculative, and when they sold, they left a lot of bag holders behind. It's a fucking ponzi scheme, the whole thing is based on the next guy buying bitcoin because no one is using crypto for purchasing, not even in venzeula.

>> No.30275700

>>30271746
How does crypto democratize everything if less than 1% of the populations wons it?

>> No.30275712

>>30271590
>what if gold was lead
Then lead would be cheaper than it is now because we'd have twice as much, and gold wouldn't be gold.

>> No.30275898

>>30275377
>50% of dollars printed last year
>everything is fine

This but unironically

When they print money, the prices of things go u, including stocks. If you double the money supply eventually stocks will level off at twice their original value.

Also the value of your debts will wither away as the dollar becomes more and more devalued.

So yeah, it's a good thing they printed 50% of dollars last year.

>> No.30276192

>>30275898
Except you rely totally on imports for your standard of living, and other countries can stop accepting the dollar (or lending you money in it) because you've devalued it too much. You cannot print value, and money printing will not solve the very basic fact that the US is a net importer and therefore fundamentally poor and reliant on others.

>> No.30276312

>>30276192
They won't stop accepting the dollar, they'll just charge higher prices,

but that won't matter since you now have so much more money.

>> No.30276796

>>30276312
You are correct that devaluing the dollar is a solution in the short-medium term, which is why it's been done.

However if you keep relying on this forever, there's no way out of eventual hyperinflation. Hyperinflation is when they stop accepting your import orders. Why would anyone send a ship with $1 million worth of goods on it when by next month, $1 million will be worth nothing?

I could start a country and print 10 trillion units of worthless currency, doesn't mean anyone's going to give me goods for it.

Devaluing the dollar is really a gradual devaluing of America as a trustworthy trading partner. Since you're a net importer, this will vastly reduce your quality of life. The only way out is to raise interest rates, which would bankrupt the government because of their debt. This won't be allowed to happen, which is why your fed is going to choose hyperinflation and no more imports for you.

>> No.30278344

>>30276312
That has worked out great for Venezuela and Zimbabwe.

>> No.30278476
File: 1.09 MB, 1080x1350, 1608910737143.jpg [View same] [iqdb] [saucenao] [google]
30278476

>>30266669
Peter schiff bought $BTC at ~$200. He FUDs his own investments and shorts customers. Pretty /biz/raeli if you ask me

>> No.30279187

>>30267667
Jim Rogers scared the shit out of me when he talks about the death of America as power shifts heavily over to Asia. Over the long run he will be proven right and people will he caught with their pants down in the US.

>> No.30279411

>>30276796
The dollar will be replaced by some form of controlled crypto currency. Then the Federal government will have the ledger of all transactions and institute social credit systems. When this happens it is time to get the fuck out of the cities.

>> No.30279540

>>30276796
>Catalog
Hyperinflation won't happen because inflation is a logarithmic function when productivity is increasing or the same. Inflation only become exponential when productivity is declining while the money supply is increasing.

The only times hyperinflation actually happens is when there's a catastrophe for the country and productivity sharply declines (Weimar Republic had their factories seized by the allies and Zimbabwe killed all their white farmers)

>>30278344
Yeah because the United States is totally Zimbabwe, yep, U.S is an African country ran by a Military Dictator with a ton of diamonds in slavery mines, yep, totally the same country!

/s

>> No.30279614

>>30279540
Real productivity in US is declining. Remove debt creation and government spending out of GDP growth and see what happens.

>> No.30279691

>>30266669
Does this mean I can make it with 4,000 GRT? That's my suicide stack.
I also hold 11 billion SHIB....

>> No.30279696
File: 352 KB, 1291x2100, santiagorussiagold.png [View same] [iqdb] [saucenao] [google]
30279696

>>30266841
>Also gold is literally the most speculative asset ever. It is literally a worthless rock with next to zero practical demand or use outside of extremely limited electronics applications, for which only very tiny amounts of the metal are needed.

>> No.30279829

>>30271982
>Blockchain is gonna democratize
no - you dont get it.
blockchain will centralize the sellers/monopolies power.

>> No.30280274

>>30279614
That's false.

>> No.30281301
File: 29 KB, 750x750, tether-usdt.png [View same] [iqdb] [saucenao] [google]
30281301

>meanwhile

BRRRRRRRRRRRRRRRR

>> No.30281441

>>30266669
Bitcoin is going to the moon
Gamestop will short squeeze the banks
Gold is shit and so is silver nobody wants or needs it for anything
Fuck you goldbugs and /pmg/! FUCK

>> No.30281869

>>30281441
I am sure you dont need the silver
- in your display
- in your computer
- in your car
- in your solar cells
so - if you dont need it - please send it to me.

>> No.30281870
File: 1.81 MB, 1129x7900, joke.jpg [View same] [iqdb] [saucenao] [google]
30281870

>>30281441
>Bitcoin is going to the moon

>> No.30283949

>>30273765
Now imagine when the dollar is no longer the world’s reserve currency. Because if we keep doubling our debt every few years, it won’t be.

>> No.30284976
File: 2.29 MB, 1302x3496, 1611980952719.png [View same] [iqdb] [saucenao] [google]
30284976

>>30266669
He's based and redpilled

>> No.30285126
File: 86 KB, 938x1024, eye roll pepe.jpg [View same] [iqdb] [saucenao] [google]
30285126

>>30266979
>I can't even

>> No.30286486

>>30279540
>when productivity is declining while the money supply is increasing.
Like when unemployment shoots up and the government prints money to pay them more than they made when they were working?

>> No.30286602

>>30286486
Productivity is going up due to automation. Humans are just no longer needed.

>> No.30286620

>>30266669
(((Schiff))) has predicted 11 of the last 2 crashes.

>> No.30286679

>>30281869
>>30281870
Yeah, bitcoin has some problems to iron out, but eventually people will start using it as a currency and it will instantly transfer bitcoin for a low transaction fee. It WILL be a crypto_currency_ like it is supposed to be. Right now it is just speculative and people "cash out" into fiat, but eventually they will start paying other people for odd jobs and various basic things like food, at some point.

>> No.30286952

>>30286679
No, i unironically ask you to send me the silver
- in your dumbphone
- in your car
- in your solarcells
Please! You dont need it.

>> No.30287013
File: 280 KB, 675x459, 1589250723042.jpg [View same] [iqdb] [saucenao] [google]
30287013

>>30266795
>buying gold for returns
>considering its price only over the last 6 months

>> No.30287652
File: 199 KB, 1058x1500, 1612719544044.jpg [View same] [iqdb] [saucenao] [google]
30287652

>>30273074
This is partially true. What people forget is that gold and silver were commodities first, and were able to become money due to their scarcity making each unit valuable enough to be exchanged in a practical manner, as well as being relatively resistant to destruction. We could imagine using iron as money, but you'd have to haul around too much to trade it for anything valuable. You could also keep it as a store of value but it does rust over time. The use of gold and silver as a common currency is likely finished for the most part, but they are still valuable.

>> No.30287805
File: 267 KB, 768x960, terrorist.jpg [View same] [iqdb] [saucenao] [google]
30287805

>>30286679
That's just impossible mate, you can't find an answer to the small block-size. On-chain makes transactions impossible even today and as you'll see from the picture, >>30281870 even the LN can't service more than 0.1% of the world population. Bitcoin is a scam. On the other hand backing a currency with gold is easy and instant and allows you to keep using the perfectly-efficient modern banking system, which is what China, Russia etc. are about to do. >>30279696

>> No.30288170

>>30267271
why would a Jew donate to church

>> No.30288336

>>30286952
>>30287805
I have to say, I am surprised that it still hasn't caught on as currency after all this time even when the transaction fees were lower. Even the better crypto"currencies" haven't caught on yet even though lots of normies know about crypto now

>> No.30288386
File: 70 KB, 740x925, 1610656778929.jpg [View same] [iqdb] [saucenao] [google]
30288386

>>30273765
>even if they do not intend to hold USD they need the liquidity to exit and enter new positions as downturns cascade
This is a temporary problem in that USD is what is used as an exchange medium to exit and enter position at the moment. As soon as enough institutions say "umm, no USD? Well we don't really want it either, so we can arrange to take X instead for your Y" it's over. "Exchanges must be made in USD" is not a law of thermodynamics or something, it's just a decree from a government, and we know how often these are broken.

>> No.30288401

>mantradao.com this it what ive got into next day on cream, seems fine.

>> No.30288483
File: 67 KB, 300x300, 1493379039216.jpg [View same] [iqdb] [saucenao] [google]
30288483

>>30288401
for fucks sake, can the jannies clean this shit up?

>> No.30288524

>>30266669
Peter is right about Bitcoin too. Doesn’t mean I don’t invest crypto though. Make hay while the sun is shining.

>> No.30288613

>>30288336
Well i use silver almost always at my local farmers market now. Often they add some goodies in the bag (extra sausage, cheese) the papertards dont get. They seem more happy to get paid in silver than in fiat.

>> No.30288623

>>30266795
Lurk more. The fucking structure of that was autistic.

>> No.30288885
File: 35 KB, 540x540, 71D8F9C0-67CB-44B1-8F10-071F31DFD60C.jpg [View same] [iqdb] [saucenao] [google]
30288885

>>30272746
Based lil frog

>> No.30289027

>>30268793
>>30269703
lol, I was unironically confused why it wouldn't play for a whole ass minute before I saw that this shit was a jpg, what a complete and utter faggot.

>> No.30289361
File: 89 KB, 664x760, 1611409467378.jpg [View same] [iqdb] [saucenao] [google]
30289361

>>30266669
Do i have to buy actual physical Gold or are gold stonks okay?
If so which gold stonks do you recommend?

>> No.30289690

>>30280274
No.

>> No.30289920

>>30273074
Gold is a wealth transfer after the collapse. Your shit coin isnt because technology is always evolving and digital speculation will eventually move into something new. Bitcoin/crypto is just a short term digital trend that can and will be replaced at some point Digital value is downstream of the physical situation its holders/users live in. The value of gold may be temporarily ignored (artificially supressed)...but its fundamental value is understood globally across time, cultures, and technological advances. Thousands of years. 99% of people dont understand bitcoin and never will. Its not a store of value because its a product of a phyaical system rather than the basis of it. A system that was built on the economics of....gold.

>> No.30290133

>>30289361
The goldbugs always say they "like shiny rock" which makes sense if you do want to hold gold, might as well

>> No.30290276
File: 352 KB, 1291x2100, santiagorussiagold.png [View same] [iqdb] [saucenao] [google]
30290276

>>30273074
>Now that we have digital scarcity and a much more liquid asset, gold has to sit the fuck down.

I'm sure that the Russians will really care about your high-flown opinions of Scamcoin and give you all their oil and valuable production in return for it

>> No.30290382
File: 391 KB, 1750x745, 1.png [View same] [iqdb] [saucenao] [google]
30290382

>>30288336
As I say, BTC could get to $1 million and we'd still be living in this Great Reset dystopia. It's a simple ponzi scheme which they want to herd us into where we don't change the system and simply steal from one another instead of squeezing the banks

>> No.30290394
File: 801 KB, 1115x1053, LAUGHER HAHAHAHAHAHA.png [View same] [iqdb] [saucenao] [google]
30290394

Laffer is at it again LOL

>> No.30290470

>>30279540
>Inflation only become exponential when productivity is declining while the money supply is increasing.
WHAT DO YOU THINK IS HAPPENING NOW???1?1?

>> No.30290494
File: 823 KB, 1300x841, enrapturedg.png [View same] [iqdb] [saucenao] [google]
30290494

>>30290394
New Peter Schiff Was Right compilation video imminent

>> No.30290798

>>30268793

You got me, cunt.

>> No.30290868

>>30290394
He's obviously right.

>> No.30291013

>>30266979
"most well-documented genocide in history!"

>> No.30291350
File: 25 KB, 400x400, kIXaguEu.jpg [View same] [iqdb] [saucenao] [google]
30291350

>>30291013
>I can't even

>> No.30291421
File: 90 KB, 1080x736, 1614558389494.jpg [View same] [iqdb] [saucenao] [google]
30291421

>>30273913

What you don't understand is that crypto is rapidly evolving and your ignorance remains static. Time is not your friend.

>> No.30291707
File: 394 KB, 802x722, meds.png [View same] [iqdb] [saucenao] [google]
30291707

>>30270907
chug em down quickly

>> No.30292037
File: 15 KB, 754x175, idiot.png [View same] [iqdb] [saucenao] [google]
30292037

>>30271746
you realize all investment banks have made deep investments into crypto, right? They will buy it all and control it.

>> No.30292164

>>30271982
> People used to get all of their news from NBC and the New York Times. Now there is a wealth of information everywhere

And 95% of the population still gets their news only from the main-stream media. Are you mentally ill?

>> No.30292448

>>30292037
They're shorting it dumbass.

>> No.30292610

>>30273761
The Federal Government is insolvent at 4% interest rates

>> No.30294345

bump

>> No.30294349
File: 565 KB, 1581x821, McTurtle.jpg [View same] [iqdb] [saucenao] [google]
30294349

I just shake my head now whenever some idiot shills crypto. It's based on literally nothing. It provides literally nothing. It's backed by literally nothing. The ONLY reason to invest in crypto is the hope that you can find a bigger sucker who will pay more for it than you did. That will come to a hard and fast end at some point.

> W-wh-why muh bitcoin crashin?

For every person who gets rich off cyrpto, there's a thousand Jonny McTurtles (pic related). It's your money. It's your funeral. Just don't ask me to stop laughing at you.

>> No.30294700
File: 6 KB, 232x240, 1614961339983.jpg [View same] [iqdb] [saucenao] [google]
30294700

>>30290394
jfc this is a huge bear indicator. we are seriously about to crash this year

>> No.30295378

>>30289361
If you want it as a safe haven, buy physical gold. If you want to speculate on its price, buy stocks.

>> No.30295462

>>30266795
Truth