Binance is More Profitable than Deutsche Bank

[Brian Alexander]

Bullshit title.

Sure, you can take one quarter and compare them, disregarding any previous statistics which seems rather pointless.

In Q1 2018, sure, Deutsche Bank was less profitable, however, Deutsche Bank has been much more profitable in general.
In Q4 '17 the net income of Deutsche Bank was around $750 million which outperforms Binance by far.

 

[plottsch]

Chad is a middle school student with a lemonade stand.

Chad's Lemonade Stand
Profit: $200
Employees: 1
Age: 1 months

Uber
Profit: $0 ($4.5B loss)
Employees: 100,000
Age: 9 years

Chad's lemonade stand makes more profit than Uber.

 

[CoolNicks]

A Bank is a bank, Crypto is a.......ponzi

 

[ThatWeb20Guy]

I have this special feeling that you don't really know what you are talking about.
(or you are paid to write comments like this)

I wish I were being paid to write comments like this. I could do it for 12 hours straight each workday. But alas, all that's happening is that I am merely being overrun by a tsunami wave of useful idiots who ironically could very well be the mass brainwashed product of the very banksters/oligarchs who profit off lucrative finance niches.

Eighter way, it's kind of ignorant.
Crypto is not just Bitcoin and Altcoin prices going up and down.
It's a complete economy.

I know about the crypto economy. I actually use crypto as a currency unlike most of the crypto fanatics who "invest" in crypto without using it in the hope that it will become digital gold in the future and stay that we even though right in front of their faces there's altcoins coming and going with multi billion dollar scams robbing people blind.

Can you actually prove I am ignorant about crypto or fiat based on anything I've posted? Yeah, thought so...

Take your time to study something before you speak.

Fiat is the real ponzi scheme here.
Banks are just a few old egocentric and egoistic bastards taking advantage of all of us.
The day people start to realize that and move their money away, it's game over from these banks.

Fiat is a ponzi scheme you say. Okay, fiat started out being backed by gold. Then when it became firmly entrenched in the mainstream economy and the gold was constricting economic growth they took that restriction away, at least in the US in the 1970s. Most strong currencies are backed by the consumer and producer economies of their country and this is what gives them value and stability because of government guarantees that private corps are by law supposed to help maintain. How is this a ponzi scheme? Anyone with fiat currency can in an instant convert that to either stocks, metals or other physical assets. But they don't because it's safe.

What did bitcoin start out being backed by? A guy who nobody knows that wrote some algos and owned half of the digital assets of his new currency at the time.

I will have my money in crypto, but you can give all yours to that nice mister bank director. No problem

I don't have to keep money with any bank director. I can use it to buy anything non fiat at any time. I can convert it to gold or silver easily and If anyone robs the fiat bank or if corruption destroys the bank then I will still be refunded a couple hundred thousand dollars. But if some hacker steals your private keys you're screwed 100%.

You fanboys don't even know who it was that created bitcoin in the first place and probably never will yet you "invest" thousands into it and call other people ignorant.

 

[Sherb]

I wish I were being paid to write comments like this. I could do it for 12 hours straight each workday. But alas, all that's happening is that I am merely being overrun by a tsunami wave of useful idiots who ironically could very well be the mass brainwashed product of the very oligarchs who profit off lucrative finance niches.




I know about the crypto economy. I actually use crypto as a currency unlike most of the crypto fanatics who "invest" in crypto without using it in the hope that it will become digital gold in the future and stay that we even though right in front of their faces there's altcoins coming and going with multi billion dollar scams https://www.thedailybeast.com/who-pulled-off-the-biggest-bitcoin-heist-in-history people blind.

Can you actually prove I am ignorant about crypto or fiat based on anything I've posted? Yeah, thought so...



Fiat is a ponzi scheme you say. Okay, fiat started out being backed by gold. Then when it became firmly entrenched in the mainstream economy and the gold was constricting economic growth they took that restriction away, at least in the US in the 1970s. Most strong currencies are backed by the consumer and producer economies of their country and this is what gives them value and stability because of government guarantees that private corps are by law supposed to help maintain. How is this a ponzi scheme? Anyone with fiat currency can in an instant convert that to either stocks, metals or other physical assets. But they don't because it's safe.

What did bitcoin start out being backed by? A guy who nobody knows that wrote some algos and owned half of the digital assets of his new currency at the time.



I don't have to keep money with any bank director. I can use it to buy anything non fiat at any time. I can convert it to gold or silver easily and If anyone robs the fiat bank or if corruption destroys the bank then I will still be refunded a couple hundred thousand dollars. But if some hacker steals your private keys you're screwed 100%.

You fanboys don't even know who it was that created bitcoin in the first place and probably never will yet you "invest" thousands into it and call other people ignorant.

You sound lame as fuck.

 

[ThatWeb20Guy]

About which bubble are you talking then?

The bubble I am talking about is the so called market capitalization of BTC and altcoins. That market capitalization is based on perceived worth of cryptocurrencies to investors. The market capitalization itself is many, many times more than the initial value of the fiat currencies that went into the coin. In other words, perhaps 95% of these market capitalizations are just bloat consisting of hope and hype! Most of these investors just buy the coins thinking they will go up without caring exactly why the price goes up(hey the price of this coin is going through the roof because...because...because people like me are jumping on board the gravy train yayyyy). One of the many problems of this new framework is that something like btc or ltc is not pegged to any regularly used goods or services because of a chicken/egg situation where nobody wants to peg them because of their instability. Merchants cannot be counted on to deliver a fixed quantity of goods and services per cryptocurrency unit. They can however be counted on to deliver a fixed value in terms of all major fiat currencies.

Again, a huge amount of crypto investors actually think that the more bitcoins and altcoins are used, the more their value will go up. Even though most of said investors don't actually use crypto in online transactions as some of our crypto savvy members actually do. But, as more and more altcoins are invented and ironically backed by btc through cryptoexchanges by giving them liquidity, the more the relevence of btc itself decreases especially when people find out about it's major flaws. Then you also have other contenders like ETH taking it's place as a reserve currency of cryptocoins.

Once btc or another coin loses it's relevancy in the minds of people who actually use it for it's intended purpose the market will not immediately react to it by dropping the price because it's propped up by a lot of idealistic fanboys "in for the long haul" with the faithful belief that they're actually holding on to something of value such as company stock when in reality even the intellectual property behind a coin is rapidly and mercilessly being replaced by better alternatives at a very fast rate.

So at the end of the cycle the red pill will come and poke all of the hyped up markets and more and more people will realize their investments are overvalued and that they've made enough. They'll bail out, leaving fewer and fewer loyalists who in turn will also start to panic at which point, pop! The ones left holding the bag will be the most faithful investors.

 

[mickyfu]

Bullshit title.

Sure, you can take one quarter and compare them, disregarding any previous statistics which seems rather pointless.

In Q1 2018, sure, Deutsche Bank was less profitable, however, Deutsche Bank has been much more profitable in general.
In Q4 '17 the net income of Deutsche Bank was around $750 million which outperforms Binance by far.

Why even bother, when you can sit back and laugh and watch other people rip their delusions apart?

 

[paja93]

Old pic, but still useful! How in the world some people still really think it's a bubble, or even a ponzi scheme lmao. Bubble is possible once, but still not, it's small af, and bubble still doesn't mean that something is bad, our whole financial system and stock market are huge bubbles, and they still exist. But ponzi scheme, come on...

 

[LostKing]

Binance is the first when it comes to trading volume
https://coinmarketcap.com/exchanges/volume/24-hour/all/

 

[mickyfu]

Old pic, but still useful! How in the world some people still really think it's a bubble, or even a ponzi scheme lmao. Bubble is possible once, but still not, it's small af, and bubble still doesn't mean that something is bad, our whole financial system and stock market are huge bubbles, and they still exist. But ponzi scheme, come on...

Correct. I think you should sell everything you have got and invest it all in Bitcoin. You won't be the first though, some fools are now sitting on less than half the value of their houses and paying off loans that they can't afford to pay. And why? Well they took "investment" advice off a bunch of goons on the internet. By day they are in charge of making sure the gherkin is perfectly centered on the Big Macs, by night they are acting Mr Big Time on internet forums. And here is the real joke, these fucking clowns can't even put the gherkin in the center of the Big Mac.

 

[Lukmat]

Deutsche Bank is not the business people love.
1) they gave money to build Auschwitz, so in eastern europe it's bank with not the best opinion
2) their debt = 20-25 yearly Germany budgets, if they fall, it will be 1000x bigger crisis than 2008, for now it's alive but for sure, if they have trouble, EU and Germany itself cannot help it, it's the armed bomb and nobody have enough cash to disarm, it's not possible. Now it's alive because we have prosperity on the world but prosperity usualy ends after 7-10 years, we have 9th year

 

[paja93]

Correct. I think you should sell everything you have got and invest it all in Bitcoin. You won't be the first though, some fools are now sitting on less than half the value of their houses and paying off loans that they can't afford to pay. And why? Well they took "investment" advice off a bunch of goons on the internet. By day they are in charge of making sure the gherkin is perfectly centered on the Big Macs, by night they are acting Mr Big Time on internet forums. And here is the real joke, these fucking clowns can't even put the gherkin in the center of the Big Mac.

No lol, they are fools. You never sell everything and take money from banks tlfor investment purposes. Those who did that are losing just because they won't be able to pay back loans etc, but if you invest your own money, in the long run, you don't lose. If i was the one who bought btc at 20k, i would still wait, because it will raise, but i still didn't do that, you can make much more on those dips and increase your btc/eth balance. I said in one thread, hype get btc at 20k, newbies... That was so unnatural, but expect it again, marketcap now doesn't have those newbies, and it will grow normally. And who tf eat MacDonald's shit?

 

[ronin28]

By day they are in charge of making sure the gherkin is perfectly centered on the Big Macs, by night they are acting Mr Big Time on internet forums. And here is the real joke, these fucking clowns can't even put the gherkin in the center of the Big Mac.

THX for describing yourself ! remember my bet proposal for 100 bucks on XVG price ? Too bad that u didnt take it ! now you may go back to be "Mr Big Time on internet forum" :> :>

 

[mickyfu]

THX for describing yourself ! remember my bet proposal for 100 bucks on XVG price ? Too bad that u didnt take it ! now you may go back to be "Mr Big Time on internet forum" :> :>

Where is your verge? Still got your tenner "invested". On my charts (worldcoinindex) it never broke 0.1, but never mind. Keep throwing your pocket money at the joke.