/biz/ - Business & Finance

>>15266283
His bet is that hyperinflation follows after the fed tries to print their way out of deflation

Goldtards dont even bother to look at historical charts. Seriously

>>15266283
>SpaceX launches it's first mining drone
>The gold market is flooded with more gold than has ever existed on planet Earth.
>Drops to cents on the ounce.

>Mysteriously, no Bitcoin could be found in space, leaving the price to exponentially increase.

>>15267078

>>15267078
In 2050, i'm gonna spend 0.1 BTC to buy up the entire supply of gold on earth. I cant wait. And just for shits and giggles i'm gonna spend another 0.1 BTC to launch it up to space, sending it in the direction of the andromeda galaxy in pic related, and grant these metal boomers their first 100x of their life. Keep hodling your yellow rock, boomers :-)

>>15267078
>>15267353
>2025
>blockchain is discovered to inhabit a 2D vector plane
>effective bitcoin supply rises to (21mil)^2
Get out while you can

>>15267078
Why would you mine gold on an asteroid if the moment you do the value will go to 0

>>15267078
>70 quintillion
it could never be worth that much because the price would plummet, makes for a fun headline though

>>15268068
You claim it, sit on it and sell a few tons whenever you need money.

>>15266585
iT wiLl nEveR LoOsE vAlUe

>>15266283
>judging anything by a 2 day period

>>15266283
wrong. bitcoin maybe

>>15267078
The funny thing is, it costs 3 times more to send a drone to mars, then to mine a ton of gold on earth.

It will drive gold price to $10,000 per ounce if anything.

>>15266283
>BTC is a great hedge in recessions
>BTC dumps 10% in 5 hours
Bitch please with your weak ass shit!

>>15267078
Asteroid mining probably won't be profitable in this century

>>15268679
What if the asteroid comes to us??

>>15267078
you know what could tank btc price? cheap electricity, which can be found ON EARTH

>>15268068
Gold toilets will never go out of demand.

>>15268713
Then we got other problems.

>>15267078
Eventually, technology will exist that will be able to manipulate all forms of matter. Boomer rocks have no intrinsic value.

>>15269125
Time and mining hardware still play a role, even if electricity is free we are limited by technology. Finally, when the last bitcoin is mined you will be limited by the supply. No one will be able to create more bitcoin.

>>15266283
but it is
he's still a brainlet, but gold is good

>>15268068
i would like a gold car that never rusted. think of the possibilities.

>>15268068
Precious metals have actual uses in electronics nowadays, while 100 years ago they were just shiny rocks.

>>15269757
Gold is almost twice as dense as lead.

>>15267078
>>15267353
>space mining is completely free

bitcoin drops by like $2000 in one hour all the time

>>15268068
To increase the price of bitcoin

>>15271736
>To increase the price of bitcoin