/biz/ - Business & Finance

Because it can be moved wherever you like effortlessly unlike PMs

>>15152268
fpbp

When btc goes back to sub 1k and it will you'll wish you owned PM

>>15152268
>>15152252
and securely.
imagine having to move tons of gold half across the planet, all the security and logistics...

>i am a boomer
fuck off and go wait to die while a third world nurse steals all your shit before killing you either intentionally or because they can't operate the medical equipment. you're completely irrelevant to the conversation. buy your shiny rocks because I know you have to 'be able to hold it' for it to matter to your tiny little bird brain

>>15152252
Bitcoin is expensive just because of Tether, there are no real market forces behind it.

>>15152252
Bitcoin and its moons are not for boomers. Buy silver and fuck off.

>>15152252
Yes buy those bullions of gold and then try to flee the country without relying on physical protection and third parties. Security is the most important component of a SoV, that and being costly and unforgeable, not how much bling and bowls you can make out of it. The fact that BTC is breaking records for 10 years with violent fluctuations shows that it's momentarily a medium of wealth transfer which is what every newly discovered ressource would be before it becomes an overpriced SoV.

Don't buy cripto, buy your shiny rocks since it's safer as a store of value.

Bitcoin it's not storing value, it's increasing its value day by day while fiat money becomes more and more irrelevant.

Maybe in a couple of years you could sell your 100 ounce of could for 0.1 bitcoin if you wish to trade goods with people instead of just storing value on a rock

>>15152268
>>15152409
>>15152634
Not really planning to flee the country.
I don't think that's something most people are planning.
But sure, if I was considering to move $10k + out of the country I could have considered Bitcoin for a short time period, before cashing out to physical assets.

Still, my point is that the valuation is VERY high.
It's 10x more expensive than Silver which already IS a proven store of value and SHOULD have a higher demand since most people aren't planning to move assets out of the country.

There are also inherent security flaws to Bitcoin as I have already pointed out, such as the decreasing security for each halving.
It cannot serve as a store of value for this reason.
So the only thing it has going for it is "temporary store of value, while reallocating out of the country".

>Bitcoin market cap = $200B
>Silver market cap = $17B

One is expensive, one is not.

>>15152252
>Bitcoin is 10x more expensive than Silver
Really? Where can I buy a troy ounce of Bitcoin?

>>15152626
>>15152554
The emotional responses from coin holders show that it's 90 % fueled by delusional people who're buying a lottery ticket in hope of getting rich.

As I've said, there are some interesting features of crypto... It's just the valuation and mindset of the average coin holder which makes it unattractive from a financial point of view.

This is a joke.

>>15152252

>borderless
>secure
>can't be seized
>can't be taxed
>can't be stolen unless you compromise your own security

And most importantly, there's 2 BILLION ounces above ground right now and more will be mined over time, but there will only ever be ~21 million bitcoin.

>but scaling issues

The internet had scaling issues. Does anyone use the internet today?

>>15152817
What you talking about the silver market cap is ~800B.

>>15152968
Source?

>http://money.visualcapitalist.com/worlds-money-markets-one-visualization-2017/

>>15152861
You have been given several reasons. Nobody cares what you do with your 10 grand anyway, knock yourself out old fuck lol.

>>15152881
You on the right

>>15152252
Because this is the only time silver has ever rallied since your balls dropped

>>15153079
https://sdbullion.com/blog/how-much-silver-gold-is-there/

50 billion troy ounces of silver mined in history, which make it a $850B market cap right now. You think silver is forever lost once it's used in the industry and goes unrecycled? By this standard the ~5 million lost BTC that are forgotten are not part of the official supply.

>>15152252
In a fiat/bank collapse all your gold and silver is getting expropriated by daddy government.

>>15153301
Good luck to them, I lost it all in a boating accident

>>15152691
One swipe of a pen and crypto is useless

>>15153301
Who would be stupid enough to hand over their bullion if the govt asked kek. Good luck with that. By the way I lost all mine while I was moving.

>>15153363
>>15153334
You guys are so smart why didn't people in the 30s thought about it!!!

https://en.m.wikipedia.org/wiki/Executive_Order_6102

>>15153363
>>15153388
There's no reason for the govt to confiscate pms as they aren't money anymore, while they have every reason to fuck massively with crypto

>>15152252
All of the above.

>>15153388
People are a lot wiser now then back in the 30s. I'd wager a bet that 85% of the population doesn't trust the govt one bit.

>>15152861
I already made more than you probably did in your life grandpa, and that's not an exaggeration or a LARP it's just knowledge of the average lifetime salary in America which I assume is where you live. you're acting like people here should try to sell you on the idea. go fuck yourself retard. go die in a nursing home boomer.

>>15153388
you very much over estimate how much people gave back

>>15153402
Politicians will go after what they can go. Both are a threat to their money printing machines so they'll go against both, but there's one they can easily get and another much much harder for them to get.

>>15153440
Yeah that's why most gold traded is paper gold kek you have absolutely no fucking idea how was the world back then

>>15153511
Enough to kill the gold market and restrict gold movement. Guess what, if the US government bans crypto the crypto market will keep going overseas and I don't have to tell you they can't do shit to restrict crypto movement.

>>15153520
What has the current administration been tweeting and publicly commenting on lately, gold or crypto?
Paper gold and silver is one way they keep prices suppressed. There is no true price discovery.

>>15153545
How will you cash out? Everyone talks a nice game about portability, but fails massively at redemption.

>>15153565
One tweet, and gold market is like 1000x bigger than crypto, if they want to make an impact you know what they're going after.

>>15153580
Abroad in a fucking tax haven? Remember that I can move my btc wherever I want, good luck getting through customs with your shiny rocks.

>>15152817
>There are also inherent security flaws to Bitcoin as I have already pointed out, such as the decreasing security for each halving.
Look at the hashrate faggot, also the moment you divorce from your wife you are ducked if you have shiny metals

>>15153441
My net worth is just north of $900k.
I have no need to be in a dick measuring competition, I am happy with what I have and I am just here to discuss which investments makes most sense in this type of financial environment.

>>15153663
They're going after crypto, now. They're talking about it publicly, now. And you're right, one tweet about gold and it goes to 5k.
>>15153691
Central banks are long gold. Equities are fucked now.

>>15152861
Youre just salty becuase theres a new game to get in on
and you starting at the same level
Instead of convincibg the goy to buy your shiny trinkets for "evonomy tickets"

>>15153663
>save money in crypto, get rich
>have to move to Venezuela or Iran to cash out
Welp

>>15153789
This. Buy gold and silver, hyperbitcoinization will not be permitted

>>15153821
More like Malta, Singapore or Cayman islands but ok good try

>>15153837
>hyperbitcoinization will not be permitted
resistance is futile

>>15153690
>Look at the hashrate faggot, also the moment you divorce from your wife you are ducked if you have shiny metals
JFL at zoomers with sub 80 IQ who think the absolute measure of hashrate proves higher security.

IT IS THE COST TO -BUY- HASHRATE WHICH MATTERS.

>>15152252
Don't! Bitcoin is LITERALLY a gambling deceive, but Jews will always take cash for gold.
It has no backing and no real world value it has nothing other then some people buy it because they want to get rich quick. Just like some people can count cards some people can tell when to buy it and sell, but the risk to reward is way to high for most people.

>>15153355
Clearly you have a very thorough understanding of how crypto works and why it was created in the first place.

>>15153878
>cost to buy hashrate
good luck buying 40EH/s

>>15153909
I'm not a zealot or ideologue, just a student of history.

>>15153211
Cope

>>15152252
Because you will die soon and only btc provides a better future for the people you leave behind.

>>15153355
Literally not true for Bitcoin.

Bitcoin™ = Beanie Babies™, Pokemon™ Cards

Supposedly Bitcoin™ has value in that it can be used as a decenteralized means of value transfer. The truth is that any crypto can do that task the only reason Bitcoin™ has value now is because of it's brand name status. This brand name will go the way of Beanie Babies™ soon enough. Mark my words.

This is a safer way to invest in the coins is by @telecoins it's a smarter and a better option when compared to other coins.

>>15153998
You're a student of history and you don't understand the value of a borderless uncensorable asset? Are you lying or are you just stupid?

>>15152252
All of them. Diversifying your investments is the best way to do things.

>>15154510
>telecoin is a great project and is havings its ieo on latoken. what are your thoughts on this?
Strong team and project are enough to be invested right?

>>15153211
so bob made way better financial decisions

>>15154852

I haven't looked into these. My rule of thumb on crypto is that it is a revolutionary technology, but the revolution lies in it's stable value and it's usefulness as a decentralized means of transfer. The quick rise and fall in crypto prices is its greatest enemy. Until prices stabilize, those who want to transfer wealth will have to use the coin for transfer and immediately liquidate once the coins reach their destination.

>>15154510
>doesn't understand why Bitcoin is valuable
try again boomerbux

>>15155000

checked.

Okay i'll bite.Tell me then, why is bitcoin valuable over other cryptos that can do the same task if not for its brand?

>>15155090
Because protocol is stable and it’s not subject to arbitrary modifications by private companies (without shitforking).
Also, it’s the most safe one and literally the only real digital gold.
Smart contracts are nice but you have commie inflationary tokens and scam everywhere, no thx, I will only buy BTC

>>15154510
Beanie Babies were fucked by counterfeit versions because it's easy to fake them, also Ty should have halved their production or just stopped producing them in the 90s, then Beanie Babies would probably still be worth a lot, but they had to be greedy and overinflate the supply. Rare ones are still worth a fortune.

>>15152268
I have some physical gold, but most of it is already in a foreign country in a safe.
Of course I have to trust (((BullionVault))) but I feel like it's worth it.

I have Bitcoin too and way more than Gold, I just don't want to bet on that only.

>>15153837
how are they going to stop it? the government tried to stop alcohol and that worked out real good lol

>>15152252
Why not buy all three.
BSV, the real bitcoin does scale and has inherent demand in its own ever growing ecosystem.
Buy Gold, only physical and store it politically diversifying in different jurisdictions, of course in segregated accounts.
Buy Silver and store it whereever you want.

pros: BSV can and will make a 100x from the cheap as dirt price it is right now, even though corecucks will laugh at the very idea.
btw, bsv is the real bitcoin tm, including copyright.
other pro, should something like government confiscation of gold come again, well just leave the country, settle down somewhere else and from there access your gold in different deposits. Last ban on private goldownership was >40years, so it wont be easy to access the value in the gold during that time if you have posession of it anyway.
I like the silver shilling, and I have 700 oz myself and growing, however storage costs are relative to price a bit high, and there is no recorded silver confiscation that I know of. Should SHTF silver ounces will do fine to get you a plane ticket out of where you are and to a hopefully better place.
Should everything be nice and dandy and the world keeps on spinning you have the upside of bitcoin. In the midterm, BTC might see ath, heck, who knows even 100k, but the architecture of BTC doesn´t allow it to scale. BTC is after Segwit fork just a speculation asset. Your view on BTC´s security lowering after halvening is not correct, as the security depends on the hashing power, not on the size of the blockreward. There is way way more hashing power directed at btc at the moment than in 2010 for example where the block subsidy was 50 intead of 12.5

>>15155292
or else you can sell the gold and buy @telecoin which is pretty sweet ..

>>15152252
btc obviously

>>15152252
Over a 30-year period, silver and gold are safer investments than Bitcoin. Their speculative index is far smaller than any crypto, meaning there's far less risk in holding them over any meaningful period of time, and there's 0 chance that the world will ban it.

Bitcoin will be banned within 10 years. However, trading bitcoin now will give you far, far better returns than gold or silver.

>>15156830
>Bitcoin will be banned within 10 years
Fucking retard.

>>15155353
My guess would be they'd try to force all internet providers in the US to block every exchange except for Coinbase and then have Coinbase not allow withdrawals or transfers for US customers.

>>15157092
you think they'd let Coinbase operate in the US and only handle foreign customers? Fat chance.

>>15154774
5,000 years of history is on my side, not yours