Archived threads in /biz/ - Business & Finance - 125. page

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Hey! I was just wasting time on the internet and found this news from the CNN (in Spanish, but surely it's also on the English website) talking about north Korea accumulating bitcoin BC its a way for funding the government plans despite all the recent sanctions to the north Korean chinks. So what do yo think?

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>Meanwhile, in bizarro /biz/

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>eth at 283
>btc at 4017
how much lower are we going before we buy again? i can see eth going down to 240s and btc at 3800 but when are we pulling the trigger on this?

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China only owns about 13.4% of Bitcoin. They've been slowly dropping off their bags for two weeks now (from 22% of the market share).

All these wojacks over 6% drops are just China firms dropping their share.

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ONLY the ARK can save us now. REPENT, sinners. Your SAVIOR sails on steady waters.

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ITS GOING BACK UP

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And it's back to 4k now. Look at the Bitfinex charts, this dip stopped at EXACTLY THE SAME PRICE as the dip last week. This must be a sign from KEK.

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What's our next scam?

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They hosted China's central Bank a couple weeks ago to discuss blockchain and regulations.. At the same time, China is working with Russia on a new crypto currency that could destroy the value of the dollar.

So, the usa is getting absolutely cucked by the Chinese, as usual!

Wealthy Chinaman "Mista Burgaman nice to shee you. Listen the bitcoin problem is out of control. Help me by spreading FUD and shutting down exchange here and in China. That way our citizens can't become wealthy and upend our systems"

Stupid Burgerman "That sounds great. We hab no idea it would take off so fast. Let's spread FUD and scare people away to prevent mass adoption"

---
Wealthy Chinaman "Alright Russia man let's create our own crypto currency that will destroy the dollar and the United States. We'll get everyone to buy it after banning other cryptocurrencies."

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WE ARE BITCOIN MARINES

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This is why some people make money.

THIS IS THE TIME TO BUY NEWFAGS!


buy high and sell low

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We are the petrodollar marines.

Keep buying our bags if you know what's good for you.

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Right now poor people breed more than rich people. The wealthier you are the less children you have because of the opportunity cost of raising the child. This is bad for the health of the gene pool because poor people are 97% likely to stay poor. With more poor there is more crime, more civil unrest, higher health costs and welfare costs and retirement costs.

I have an idea though - what if we can lower one of those costs that the tax payer has to pay and lower it in such a way that it incentives poor people to have less children?

Let's focus on retirement costs. Having society pay a pension to people is a huge tax burden, so if we can remove that then we are making serious financial gains for society. How much does it cost to retire? Well $1,000,000 should be more than enough for anyone.

So here's what policy we can implement: for each child born the parent(s) must deposit $5,000 in a special index fund. If the parents don't deposit it within 28 days of the baby being born then the government deposits it for them and gives them a bill of $5,000 with the interest rate pegged to inflation which they must pay off.

$5,000 is not a significant amount of money for the middle-class and nothing to the upper-class, so this amount wouldn't disincentive them from having more children. It's also affordable for the working class if they plan. On the other hand $5,000 is a lot for a poor person so they would stop breeding like rabbits (they would abort, for example).

Let's calculate the value of this index fund. The stock market has had an annual return of about 11.5% over the last twenty years. Subtract 0.5% for index fund fees and 3.0% for inflation (3% inflation is the target rate of most central banks in the world). That makes it an 8.0% return.

Doing the math, after 65 years (retirement age) that $5,000 would have turned into $905,844.93, thus ensuring that the kid's retirement is taken care of, while preventing the dregs of society from overbreeding.

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For me, its the apparel. Its always been about the apparel. Its why I got into crypto.

Ever since I was a boy and my father took me window shopping down Rodeo Drive, I knew I had to make it. It burned me so much I couldnt afford even the cheapest watch on the block. Celebrities were shopping all around me (the asian girl from zack and cody was there), and I was a nobody. But now, thanks to bitcoin trading, I will get there soon.

Thanks bitcoin.

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mfw I realise I'm not gonna become a billionaire and fulfill my dream of building a high speed maglev railroad in the Midwest.