"Cryptoshit."

[Vieo !!SKISs26Nzbs No.53769409]

https://www.youtube.com/watch?v=oZ-Taijs9Ko

>"Cryptoshit."


He's right, you know.

This is all just gambling.

You're better off holding dollars and investing them in stocks, bonds, and interest bearing savings accounts.

This pyramid scheme of monopoly money is going to go belly-up eventually.

[Anonymous No.53769430]

>>53769409
shh don't tell them, the day of the pink wojak will be a sight to behold..

[Anonymous No.53769448]

>>53769409
For sure crypto is gambling but why do people listen to these dumb old boomers? If I had a free 100k to invest in 1930 I would be as rich as him. What do they really do?

[Anonymous No.53769451]

he's seething lmao

[Anonymous No.53769457]

>>53769409
This turtle looking fucker is salty that it's going up again

[Anonymous No.53769499]

>>53769448
These people are pretty good at evaluating an investments true value. The most important thing to be aware of in the year 2023 is the sheer amount of liquidity sloshing around. Low interest rates created an environment where our economy has been largely humming along by propping up asset prices. The banks know that a deflationary collapse is coming and they want to inject inflation into the economy to help prop up asset prices. The problem is, the amount of purchasing power you invest today may not be the equivalent of what you can buy tomorrow. Speculating on an assets price is more than simply betting on the price going or down. Because the price may go up in nominal terms but still lose purchasing power. Especially in this environment where inflation is 10%+.
The reckoning of all of this leverage sloshing around is this: The scarcity of capital is going to be revealed once the bond market collapses. People store an ungodly amount of purchasing power in paper "claims", however just because you give away your cash and expect to earn interest/growth does not mean that much of the invested money is actually being destroyed/consumed. The IOUs will never be paid, and real world shortages will be manifest. Owning real capital. Productive manufacturing, commodity producers, etc will be what wins out at the end of the day. QUALITY will be the name of the game.

[Anonymous No.53769610]

>accumulate 99 years of life experience
>fail to realize that KodakCoin is the future
how?

[Anonymous No.53770457]

>>53769409
This economic debate is kind of like the transgender debate. What are we actually talking about? A 13 year old kid has their sexual organs removed. Does that make any sense? The central bank types a number on a screen to create new dollars. What is your gut reaction? This shouldn't require any professional experience in finance, just like you don't need a medical degree to evaluate the first situation. Just stop and meditate for a few days on what money is. The issue at hand is that the government prints dollars. Meanwhile, no one has any control over the amount of new bitcoin being created. That's the choice. You have to choose a currency at some point. You can't just buy unoccupied houses and Facebook stock. Anyone who trash talks bitcoin either doesn't understand it, or is in on the racket.

[Anonymous No.53770931]

>it's all gambling
>you are better off gambling it in the kike stocks
lol
lmao even

[Anonymous No.53770976]

>>53769409
>>53769499

Well yea crypto kinda causes these "value" retards brains to short circuit. Either they'll have to admit that the market has nothing to do with "true value" since shit like crypto pumps way harder than their own portfolios or they'll have to admit that crypto is truly valuable like the market shows it is and that they missed out. It's really a lose-lose for them lmao.

[Anonymous No.53771050]

>>53769409
Fuck this shit. Biz is more like facial book everyday. Invaded by fucking boomers and their fucking granddads. Pathetic.

[Anonymous No.53771226]

>>53769409
That's right, only smart people take actions that he can profit from
Not doing things he can profit from is stupid, only stupid people are stupid!

[Anonymous No.53771238]

>>53769409
he's right but cant take some dying windbag seriously

[Anonymous No.53771262]

>>53769409
Stocks aren't any different, many of them went -50% or more in the past year lol. I find it hilarious these boomers pretend stocks aren't ponzis

[Anonymous No.53771282]

>>53769409
hahaha he is trolling on purpose

[Anonymous No.53771330]

>>53771262
Indeed, it's not like a stock is only worth what someone is willing to pay for it, or that they can't just issue more shares on you to dilute. They still have the boomer idea that owning stocks is "owning a part of the company". In reality its a cash out mechanism for founders, a way for Wall St to get fees, and hedge funds to fuck over retail.

[Anonymous No.53771472]

>>53769409
>NOOOOOOOOOOOO YOU CAN'T KEEP PUMPING SOMEONE ELSES PONZI SCHEME IT CAN ONLY BE MINE REEEEEEEEE

[Anonymous No.53771498]

>corrupt major beneficiary of old system opposes alternatives
imagine my shock

[Anonymous No.53771587]

>>53769499
>the government can make any store of value illegal
Yes. It is also the reason pms are not stores of value currently. The entire system must collapse.

[Anonymous No.53771633]

>>53769409
quite bullish

[Anonymous No.53771676]

he's mad because he runs an insurance company ponzi racket that gives him endless fiat and that fuels his secondary business of being a vulture and buying hard assets with worthless depreciating cash when his sidekicks put the squeeze on them.
people like charlie munger who greatly aggrandized themselves have the most to lose from crypto. they mastered the game in the status quo and fear it changing. when you realize the full scope of the power that fiat and rigged markets and insurance ponzis give charlie and then realize that he is only a minor player in that world, you get a sense of how big crypto really is. this guy never commented on any of the other bubbles he said it reminds him of but of course this one is the dangerous one.

[Anonymous No.53772494]

>>53769409
he's definitely a link fudder on /biz/

[Anonymous No.53772539]

>>53769409
Sorry, I don't listen to mummies, just bought more

[Anonymous No.53772552]

>>53769409
i think old faggots that are obsessed with money and go on tv to give their opinions like women are idiots. just fucking die already you old pedophile.

[Anonymous No.53772591]

>>53769409
There are resource producers with sub 5 p/e and low debt. Figure it.

BTC will rise again, a few years after the big crash.

[Anonymous No.53772604]

>>53769409
They gave us clown world we just rolled with it now they are mad about it

[Anonymous No.53772622]

>>53769409
Hes corect.
Its shit. Noone is using this crap.
Its all just buying it so, you can offload it to next fool.
None of you are byuing it because you actually use it for anything
And he is also correct that it should have been forbidden a long time ago.

[Anonymous No.53772639]

>>53772622
Well that’s cool and everything but I made thousands of % profit from buying shiba and it was also a fun time on biz, why are you against fun anon?

[Anonymous No.53772652]

>>53769409
We all get old, anons. Having said that, everyone who hasn’t should read Munger’s “the psychology of human misjudgment.”

[Anonymous No.53772666]

>>53772639
Thats not how life works. Thats what hes telling you. People also bought at 60k bitcoin and now have lost more than half of it. I dont give a fuck how much shiba lost, but its likely even more.
If you buy a stock at least you can get dividends and if its a good company you will get your money back.
This is worse than tulip mania shit.
At least tulips are actually useful and beautiful

[Anonymous No.53772683]

>>53771587
The problem though, is when the system collapses it will be on the back of a collapsing bond market. The entire globe we be short of capital and awash in liquidity. Crypto will not be a safe store of value like you think it will be. People who be eating losses all across the board, from their cash, their real estate, their stocks, bonds, pensions and insurance, and social secutity/healthcare benefits. In this situation there will be zero excess purchasing power transferred to your crypto hording because it will be just another bogus over-leveraged asset. Crypto is a function of liquidity, that is why the price fluctuates as it does. If we had real savings and real interest rates then there would be no need for your speculative digital assets.

[Anonymous No.53772690]

>>53770976
I think it's both, the market can be retarded for many years, hence the speculation, but crypto is hard currency, no different from gold (historically) in that aspect. I wouldn't prefer a crypto investment to stocks long term since it can't outperform once it gets big enough / it's not a productive asset. But right now is actually one of those times where it's good to buy and will probably outperform, at least bitcoin, because paper and digital currency in bonds / options and derivatives grew a huge amount for no reason

[Anonymous No.53772698]

>>53770457
Ygmi brother

[Anonymous No.53772705]

>>53772690
>crypto is hard currency, no different from gold
muahaha
Cryptoshit isnt tied to anything, it can never be similar to gold

[Anonymous No.53772735]

>>53772705
Gold isn't tied to anything as well retard. Sure it has natural industrial demand, but that doesn't account for all its market cap. At the same time crypto has some natural demand for tax evasion / drug money, not even mentioning the small but legit uses. Since it can't be fabricated or taken down because of decentralization difficulty adjustments to account for mining costs, etc. that makes it hard currency

[Anonymous No.53772739]

>>53772666
But it’s a game, if some guy buys bitcoin off me for 60k and I only paid 1k for it then that’s just life. He paid the current fair market price

[Anonymous No.53772747]

>>53772735
You literally contradicted yourself, you fucking moron
Just neck yourself

[Anonymous No.53772759]

>>53772739
Yes, you might as well go horsebetting. Its absolute garbage.

[Anonymous No.53772777]

>>53772759
It’s a lot more predictable than horse betting though, I can’t in any way predict the outcome of a horse race where as with crypto I can use technicals and get a good statistical probability of being right

[Anonymous No.53772798]

>>53772777
sure buddy, whatever you tell yourself