/biz/ - Business & Finance

>>10321417
I think it's important to value everyone's opinions on bitcoin, cryptocurrency, and the blockchain in general. To claim that bitcoin will fail has as much weight to it as saying bitcoin will succeed, nobody knows but I'd certainly value the opinion of an elder like Schiff before some 22 year old kid screaming how USD is the real scam and how they're in bitcoin because "it's all about the technology"

Bitcoin will crash, when? Who knows but it will crash hard. That does not mean that crypto or the blockchain will die, what it means is similiar to the dot com boom everything is cyclical, and Goddamn if we aren't approaching apex of this current Crypto boom then we are looking at something that defies all basic economic understanding.

>>10321417
rogan got some btc free from that guy ananapolous whos name i cant spell years ago after their podcast. hes probably been holding btc longer than most of biz

>>10321604
Shame about Ananapolous, loves censorship.

schiff is weird, everything he stands for and believes in points to that he should be a bitcoin believer, but he continutes shitting on it because he didn't get in early.

>>10321827
he's been shitting on Bitcoin since 2011

>>10321505
Peter Schiff is right even if hes wrong and bitcoin goes to 1 million dollars

it doesnt matter what the price of bitcoin is its still worth nothing objectively

and theres millions of other cryptocurrencies that can arise and do the same exact shit that bitcoin does and more

bitcoin is not scarce theres infinite numbers of cryptocurrencies that can be made

Dude is pissed that Bitcoins 100-200 billion market cap is taking away from his gold gains. I would be surprised if he knew anything about the technology at all.

>>10321848
>Peter Schiff is right even if hes wrong and bitcoin goes to 1 million dollars
>is right even if hes wrong
???

>>10321882
>MUH TECHNOLOGY

Literally 0.01% of people give a fuck about the tech. If everyone here bought 10 BTC now so roughly 70k worth and then in 2 years it was worth 1 million, we'd sell for good ole USD if not before.

>>10321882
I think he is more pissed because his shit talk of Bitcoin over the last 7 years has probably started to cost him clients.

>>10321827
those types of people go for gold, guns, or cryptos. we already know he's in for gold and probably guns too.

>>10321896
bitcoin could go to 100 billion dollars for 100 years and peter schiff is still right about what hes saying

people are literally paying for nothing and bitcoin is worth 0$

because theres no property of bitcoin that only bitcoin can have that makes it valuable

>>10321848
It amassed the greatest amount of credibility out of all of them. This is a feat in an industry that a few people in the world truly understand.

you know how annoying bitcoin maximalists are? Peter Schiff is even worse, he's a gold maximalist.

>>10321935
>bitcoin could go to 100 billion dollars
>bitcoin is worth 0$

???

Why do people listen to Joe Rogan?

>>10321935
>bitcoin could go to 100 billion dollars but it'd still be worth $0

anon, i...

>>10321417
Schiff is a retard. Gold has no inherent value either as a currency. Unless you make circuitboards it's completely useless and will just sit in a vault taking up space. Same with cash, same with electronic banking. It has value because everyone agrees it has value, and THAT'S IT. Bitcoin and other cryptos are no different. Oh except for the tiny fact that they're more secure, more independent, and more useful. Boomer dunce.

>>10321960
it was less than 1 cent before

how are you going to tell me the true value of bitcoin is closer to 100 billion vs 1 cent

you cant the true value is 0

gold has a true value of something whatever it takes to make computers with and gold teeth and shit

>>10322007
>true value
you mean intrinsic value? There isn't such a thing. Gold is royally fucked once we start mining asteroids and other planets.

>>10321993
Joe is a Man's Man who runs a good podcast with a solid range of guests.

>>10322047
>mans man

Low IQ monkey detected, enjoy the beer and cargo shorts

>>10322007
>>10321935
>>10321848

>>10322080
>enjoy the beer and cargo shorts
I do, what kind of shit insult is this?

>>10322042
other planets and asteroids dont exist my guy

>you mean intrinsic value?

the day we stop using electronics then gold doesnt have value

and thats implying its not used for jewelry anymore

face it gold has more value than bitcoin

>>10322102
>other planets and asteroids dont exist my guy
oh thanks for the info my dude

>>10321993
for the (often deserved) hate that Joe gets, he is a very good social chameleon who gets people to lower their guards and be comfortable being themselves having a regular conversation with him. He has interesting guests on and his social skills ensure that more often than not they can have an entertaining, interesting conversation no matter what background they're coming from.

>>10321935
if bitcoin went to 100 billion dollars it means it's not priced based on speculation and it's become the currency of the fucking galaxy lmao

>>10321417
>Did they ever figure out who that Satoshi Nakomora guy was?

>>10321417
Boomers gonna boom

I'm just glad God gifted me a brain that has amazing foresight.

>I'm not m-mad some people l-lucked out...

>>10321417
I find schiff's stubbornness amusing at this point
lets see him try to bring his wealth along with him to the moon or mars colony

>>10321993
tv has gotten that bad

>>10322080
>beer and cargo shorts are bad

>>10321417
>someone said its elon musk
>whoever it is must have allot of bitcoin
DUMB BOOMERS

>>10321417
WHAT CAN YOU ACTAULLY DO WITH GOLD

>>10322411
look at it
it's quite worthless except for some electronics use and even then silver is more heavilly used for electronics and medical stuffs

silver is being used up far more quickly than gold, and it won't be easily reclaimed from landfill

>>10321417

He's right though. Currency coins are a fad.

Infrastructure coins however have the potential to go very far.

>>10322411

Jewelry
Conductors
Weights
Teeth

It's the most non reactive metal and it's very soft too.

Bitcoin can be used to move money basivsööy instantly all over the world. We just need to all agree to use it. Also hold is held mostly by governments backed by military force which means good luck getting any gold unless you pay what the USA says it's worth in their endlessly printed USD. You can also use YUAN now btw.

Bitcoin isn't going to disappear. It hasn't until now. It would have disappeared already. Took less time to find Usama and dump him in the ocean quickly before anyone saw him .

Bitcoin is here to stay. Probably above 6k for now. Maybe over 100k soon enough. Time will tell. Nonetheless bitcoin is the most interesting things to happen to economy since the first bank was invented.

>>10322581
>and even then silver is more heavilly used for electronics and medical stuffs

because its cheaper
peter schiff makes the point that a lot of people would use more gold but they use other metals instead because its cheaper

but nobody wants to actually use their autocar because it might break down...
people have used horses for thousands of years...

maybe hes trying to fud the market (if so, great timing) to give himself more time to secretly buy in, you never know with crypto. the bears can be secret bulls and the bulls can be secret bears.

>>10321843
Probably is magically frustrated about that.

>>10321993
Interesting guests and he knows how to keep a conversatation while being funny. He sometimes gets things flat out wrong, can't be helped, he is a 50 year old boomer

>>10322613
>Teeth
Gold teeth are gross, they use something else that looks white, cant remember

I mean, he’s right. But we don’t want to believe it because we want to make money. But he’s thinking of it as a currency (which is inefficient at the moment but could be good later) and not as the overall potential.

Hopefully bitcoin and crypto just became another trading instrument and we are early and make nice gains (ETF approval etc)

>>10321417
"but with Goldmoney, we finally have a solution"
Holy shit I get so fucking mad listening to this fuck. Not only is he shilling his company everytime he is on air, the entire gold-backing premise is wrong. He's a sleazy salesman that sells a useless commodity. Fuck him, have fun in Puerto Rico, lolbertarian

>>10321417
sooo he likes monero?

>>10321935
the best money is worth nothing. i know that sounds counter intuitive but you should research the history of money and what types of money were used. You see, peter knows this, but he also knows he needs to eat and have a place to live. It is human instinct.

>>10322003
>Bitcoin is more secure and more useful than USD
Delusional brainlet

>>10321848
>bitcoin is not scarce theres infinite numbers of cryptocurrencies that can be made
Why do boomers keep repeating this? It makes no sense. It's like saying USD is worthless because anyone can start printing paper with numbers on it.

isn't that the guy who advocates buying shiny yellow rocks as an investment?

>>10321848
the world's most powerful and secure network that also doubles as an immutable public ledger is worth objectively nothing?
you my friend are objectively a Brainlet

>>10321935
by this logic Facebook, Twitter, Instagram, etc are all worth $0 as well since anyone could copy them. do boomers actually think this way?

>>10323050
Actually saying that USD is more useful and secure than BTC is what brainlet would say.

>>10322838

>Hopefully bitcoin and crypto just became another trading instrument and we are early and make nice gains

kike

>>10322624
gold doesn't have anti-bacterial properties

>>10322769
you mean ceramics?

>>10321505
>then we are looking at something that defies all basic economic understanding.

Defies YOUR understanding brainlet

>>10323223
You can transact in the entire world with USD (FX implied) and deposits are stored in banks, which are insured by the FDIC.
Bitcoin is an algorithm that cant be used for transactions other than on the deep-web and is usually stored on shady exchanges with low-to-no protection and insurance.

This board is so fucking stupid that its amusing to come and laugh at the retards

>>10323317
>cant be used for transactions other than on the deep-web
I could transact with you using bitcoin right now, in this very thread, if I wanted to.

>>10323317
I pay my bills with bitcoin
I can smuggle a billi9n dollars worth of btc out of my country tax free just by remembering a simple password
if I tried to do the same with cash I'd be thrown in gaol for rest of my life

>>10321417
Never heard of this Peter guy but boy is he a fucking retard. He contradicts himself and is delusional. Can't wait until we're backed by the gold standard again, yea Peter, it'll be the Bitcoin standard.

>>10323317
kek look at this dense idiot thinking he's laughing at retards in this thread

>>10323375
Okay, so a few bitcoin enthusiasts may transact with each other

>>10323402
No you dont. And dont be proud of money laundering and tax-evasion.

>>10323050
counterfeit industry is worth billions
you can't counterfeit btc or create more of it out of thin air

>>10323541
livingroomofsatoshi
now kys nocoiner

>>10321848
>it doesnt matter what the price of bitcoin is its still worth nothing objectively
for the first time in history, there is a censor-resistant non-inflatable currency that threatens the banks monopoly on money?

objectively, this is worth $7341.23 (BITSTAMP) at this very moment.

hey, its Sataoushee Nakomura everyone!

>>10321993
T. NPR

>>10322166
how incredible would this be lmao.

>>10321417
>"BTC is not scarce there are other crypto currencys"
10/10 quote
>"Gold is Valuable because it's actually scarce, BTC only coded to be scarce"
WTF does this even fucking mean?

>>10322080
Only a faggot would care about fashion like this.

>>10324345
He means it can be changed to NOT be scarce, just take a look at Ripple and how they can infinitely produce new coins

>>10324482
Oh, they can, can they?

SATOSHI NAKAMURA

>>10324482
It could be scarce and have infinite supply, that's what the brainlet doesn't get. As long as the mining difficulty would increase. And it necessarily would.

>>10324760
I meant potentially infinite supply or max supply, not infinite circulating supply of course.

>>10321417
You can tell the actual jew worrying so hard getting scared when he said the shit like:

"You need to have a third party u can trust to hold ur gold for you goym"

"You need someone u can trust with your gold that backs the value of ur dollar bill goym, some one like me and the rest of the jews goym"


Or u could just use bitcoin which is literally like having the gold on the blockchain sending literal fractions of your gold wihtout having you hoard that shit u fuck

Hes right tho. Why would banks buy a special rare coin that does the exact same thing as the other thousand that exist? The only valuable thing is the tech which no one is trading. Is anything something link that does something similar to what swift does would make sense.

satoshi is elon musk

It seems to me that bitcoin is better than Gold?

>>10325851
Bitcoin has never been hacked but other coins get rekt on the daily

>>10321935
>people are literally paying for nothing and bitcoin is worth 0$
>because theres no property of bitcoin that only bitcoin can have that makes it valuable
yikes

>>10321417
He's right - it's never going to replace money. He's wrong about it as a store of value though. It's as good as or better than gold for that purpose. It's hard to move very gold around.

It's gonna be funny to see Joe talking out of his ass about link in a year or so.

Honestly focusing on Schiff and Joe's take on BTC is pointless, we should be considering his claims on a recession and how to develop set up's to make money from it

>Student Loans
>Housing
>Personal Credit Cards
>Federal Debt
>Auto Loans

He likes the (((third parties))) because they work. Crypto anarchists want to eliminate them all with things that barely function as of yet. Investment is betting on the winner.

holy shit this is dumb

>>10326779
this is the real story

>>10321848
Who is this Korean semen demon?