/biz/ - Business & Finance

>>57263125

1. wash trade/manipulate with unbacked stablecoin
2. NGU
3. muh economic growth

>>56009371
>if it was fraudulent then monero's still underperformed in a world of literal free unbacked money

"underperformed" = less manipulated, you unmitigated retard

>no amount of imaginary fraud in this market can make monero look good against bitcoin

Yeah, guess Monero will just have to settle for driving Bitcoin out of all fundamentals-based markets.

Now where are those damn price action charts?

>>55883240
>Think of it in terms of traditional finance, like stocks and bonds. Bonds are boring as shit, they don't do anything, they have no real-world utility, all the wealth creation and advancement comes from companies making things and innovating. Yet the bond market is many times larger than that of stocks, because people need something boring and "useless" to park their money in and always will.

Bonds are typically issued by the State and returns are therefore guaranteed. BTC is not a bond backed by the State and returns are never guaranteed, virtually all its value these days is derived from the speculative mania being driven by fraudulent trading.

Holding BTC is therefore a gamble that speculative mania can be sustained indefinitely, which has never happened before in recorded human history.