/biz/ - Business & Finance

>>14307670
not wrong tho

Well they're not wrong

Weird, seems you can sell bitcoin for "real" money.

>>14307670
when will it stop?

>>14307670
These boomers have it backwards. Libra is backed by fiat which is backed by debt, whereas bitcoin itself IS money. BTC is an end in itself

>>14307682

Except its the same with bitcoin. When you buy bitcoin you "put money in" and someone else takes real money. To get bitcoin back they have to spend money to buy back. The only difference with libra is that there is are official entities that can print libra instead of having to buy it.

>>14307670

if it works on ebay and has less fees than paypal I will use it

>>14307670
Zuckbucks is a better investment...

http://zuckbucks.cash

>>14307751
Bingo

>>14307670
Well, seeing as BTC is backed by Tether which is backed by horse shit, they ain't lying
.
just procured 100K

>>14307670
This type of narrative is really good. The naysayers of Bitcoin always hated how it was "not backed by anything." Well, now they can park their money in Libras. Eventually when bitcoin moons they will realize the mistake they've made, but by then they will be buying the top. These idiots will provide the liquidity for non-retards like us to cash out, or to push the price even higher.

>>14307803
>seeing as BTC is backed by Tether which is backed by horse shit

>>14307670
>Normies are this stupid and will fall for this, even repeat these lines verbatim to your face

>fiat
>real money
>unlike bitcoin
imagine being this stupid

>>14307773
>http://zuckbucks.cash
topkek

>>14307751
This. Boomers don't understand logic tho.

Are they not copying RSR by having a basket of assets as collateral?

>>14307670
>CRYPTO BACKED BY NOTHING BAD
>FIAT MONEY BACKED BY NOTHING GOOD

When did so many brainlets arrive here. Noobs google proof of work.

We all know that we altogether make bitcoin valuable, right?

>>14307760
You're incredibly stupid holy shit

>>14308061
using we two times
weeeew lad going full retard here

>>14307670
http://zuckbucks.cash

>>14307760

You all have until September 11 to get out of crypto with your money. You've been warned, screencap this.

>>14307751
All money is an IOU system created by institutions and networks. Bitcoin isn't any different, it's just superior in many ways.

So it's backed by gold?
Because fiat isn't real money.

>>14307670

Backed by real money? Like real debt derived fiat which can be created in infinite amounts and be inflated into nothing? Holy fuck im literally all in, please heat up the iron Zuck and brand my mark of the beast on my ass ASAP

>>14307676
>>14307682
>>14307803
shut the fuck up kikes. literally whats the point of this garbage? the point of crypto is to detach from fiat and im 99% sure libra is even more centralized than cripple.

>>14308141
>the point of crypto is to detach from fiat

>>14308158
>projecting his brainletness onto others

>>14307670
t. backed by real money
t. fiat has infinite supply, whih violates one of the properties of money according to Austrian school of economics

Dang, boomers cant see the revolution happening right in front of them.

>>14308214
newfag using t. wrong

>>14307751
This, bitcoin Is backed by literal energy

>>14307875
Boomers suffer from lead poisoning

>>14307676
>>14307682
FIAT money are not real
They are backed by thin air and supply is unlimited

>>14308211
>he thinks bitcoin is a threat to fiat

4chan probably has 1% popularity of facebook. If Libra makes 1MM$...

... we could easily make 10M$, which is more than like 50% of all coins

>>14308294
then I would be able to trade bitcoin into energy no matter what, but its actually the other way around. bitcoin is not backed by energy. energy is backed by bitcoin.

pls no bully

>>14307676
>>14307682
Wtf do you mean? The founder of FB is a good Christian

>>14307676
>real money

>>14307670
>Real money
I hope to God they don't mean Fiat.

>>14308366
But you can pay your electric bills with bitcoin.

The base price will be always above the mining cost.

Next base price will be around 55k tough the bubble will go to 400k

>>14307751
since I started trading BTC I am $30k in debt, how do you explain that if BTC is supposedly money

>>14308479
you being a fucking retard has nothing to do with any of this

>>14308479
You being a really bad trader for starters.

Legit question, will libra be worth owning in hopes of making money or will it be a stable coin and not really go up or down like tether.

I haven't read up on it at all. Just looking to make a quick buck.

>>14308479
Being this retarded... Makes me feel good about myself. Lmao

>>14307751
Money is what gets me my Mustang, lazy millenial

>>14308479
retardation, for starters