/biz/ - Business & Finance

>>18018343

I think Peter is right, Bitcoin could go to zero when economic depression hits, but Gold and Silver has thousands of years history as store of value

>>18018262

i mean who use Bitcoin when there is big economic depression, internet shutdown and your Bitcoins is gone

>>18018343
Kek.

>>18018394
Yes and if the internet goes out expect the 98% of digitized fiat payments to as well. bitcoin doesnt even need 'internet' you can literally broadcast the network over a radio frequency. you new faggots are disgustingly stupid.

>>18018418

Bitcoin has never go through economic depression, so we dont know how its perform, and we event know who is behind Bitcoin

but Gold and Silver are real tangible assets, that have thousands of years history as store of value

>>18018471
you've repeated yourself twice and you have bad syntax and grammar

>>18018343
he probably has 0 ounces of physical gold

>>18018503
He's saying cover gold funds are safu

>>18018343
I generally like what Peter says and agree with him on bitcoin. But this is the first crisis that bitcoin has been around for so maybe we're wrong.

Peter is biased against bitcoin because it competes with his business. You can easily discard all his opinions about it.

>AH'HEM

humanity is 10k years old.

anything is possible

please take a look at current year

>>18018629
Does Bitcoin really compete with Gold and Silver, though?

why exactly do you people believe someone who has a genuine interest in other people buying that what they are telling you is "worth the money"
Peter is nothing but a salesman and you all sheep fell for it

>>18018640
Yes.

>>18018415
if we go into hyper inflation bitcoin proved to be viable in shitholes like venezuela

>>18018640
Does a bear shit in the woods you knuckle-dragging mongoloid?

>>18018687
yes but thats cause you can exchange bitcoin for fiat i think.

I bought Bitcoin at $40 sold at $15k and went all in on gold.
I am so happy now, my crypto buddies are crying right now while I fuck their wives.

>>18018629
peter is biased against gold as well
he is another snake oil salesman
he does not sell physical gold/silver
he sells certificates using his ledger software

>>18018471
Do we even know who is behind gold? Does God exist? Checkmate atheists

>>18018640
yes, both are bought by schizoboomers who think the government and jewish banks are stealing your wealth with inflation

>>18018343
He doesn't give a fuck about gold he just wants you to buy it from him specifically.
He offers a solution to a problem he created.
>muh hedge
Nope if you hold that shit before the market bust you are losing a lot of potential income.

>>18018343
WHY. ARE. WE. DUMPING.
MY SCHIFF TELL ME WHY RIGHT NOW

>>18019056
This but unironically and NSA created bitcoin to stop the goys from buying real wealth

>>18018686
pls no bully

>>18019290
i wasnt being ironic

It's more likely that both precious metals and bitcoin succeed in being stores of values.. the only real way to tell whether you should invest in gold or bitcoin is comparing how many ounces of gold/silver a bitcoin can buy.

I mean gold and silver is already practically sold out, what is the next best thing normies are going to fomo into when they realise their fiat money is going down the drain?

In my opinion it's bitcoin. But I don't know for sure.

I think own some bitcoin and precious metals is a way to make sure your right even if your wrong.

>>18019253
Patently false, he has been advising for people to buy gold for longer than he has had a gold business. He would however be a fool to do all those free podcasts without doing any self advertisement.

Where to get it from, though? Europe is almost all quarantined, I'm afraid that if I buy it now I'll get scammed
suggestions appreciated frens

>>18021103
You can buy paper gold but be afraid when they try and rob it from you.

>>18018343
>coughs corona virus
>he dies

>>18018343
I want to leverage gold 2x and reenter my position offten what brokers offer that leverage on gold ??

>>18018394
>i mean who use Bitcoin when there is big economic depression, internet shutdown and your Bitcoins is gone
if the "internet shutdown" gold would be treated as the worthless rock that it is since that would imply the world economic system is literally gone

can't wait for spaceX to start mining asteroids, tick tock boomer rockfags

>>18018629
He's right though

(((Discord))) banned the /biz/ server, get in the new one bros
discordb gg kjGsbrW

>>18023360
>Sending a rocket and equipment to and from outer space, developing special mining equipment for the unique gravity and atmosphere of an asteroid, and processing this interstellar ore is far more efficient and easy than giving an African warlord $500k to genocide an area rich in gold and dig a hole

>>18023967
>discord
make a mumble server or an IRC channel like a big boy.

>>18018629
this criticism makes no sense
If he actually thought bitcoin was going to overtake his gold business, he would shift from gold business to bitcoin... absolutely brainlet tier criticism. He easily has the capital to switch business infrastructure, net worth well over $70 million...

Gold has no intrinsic value

>>18021164
i'm gonna cooooooooooooom

You boomtards sure do love to lose money with your piss color rocks.

lol

>>18018343
The only thing that bothers me about Schifty, is that his fund accepts Bitcoin to buy gold, in fact he frequently advertises that feature.
>Gold is valueable
>BTC is junk
>Use your junk to buy my gold for yourself
Doesn’t make sense, and very suspicious.

>>18027061
come on at least attempt to use your brain
he used bitpay, he doesnt receive any bitcoin, he gets USD and bitpay take care of the conversion for a 1% fee
he has it there as an additional payment method, why would you not enable it?

>>18027061
its probably just hooked into an exchange. You pay for the gold in bitcoin, bitcoin is converted into fiat and deposited into his account as fiat which i guess he can then turn around and use to buy more gold from a supplier.

>>18027061
The only thing that bothers me about Schifty, is that he's a FILTHY FUCKING JEW

>>18027327
>>18027388
This makes more sense, thanks for explaining to a crypto brainlette.

>>18023360
It's not profitable to mine asteroids and it won't be feasible or even logical for a long time. Fuck your ponzi scheme shitcoins. Metal is industrially useful

>>18027780
no problem, just think of 95%+ of all Bitcoin commerce as the following:
Merchants dont actually want this horrendously volatile "currency" they just are happy to have as many payment methods available to maximize revenue. No one wants BTC, they all use services like bitpay to exchange it for real money

>>18027327
>>18027061

>Can easily buy gold with bitcoin even from the frothiest no-coiners remotely
>Have to physically trade gold for FIAT before purchasing only physical goods and wait to transfer into boomer banks before funds available
>this is bullish for gold
By the way, if bitcoin ever reaches the market cap of golld in the future it would make a single bitcoin worth $400,000. So far it's gone from 20 cents to it's current price of $6200 in about a decade's time

Why would I buy gold right now again?

Any idea when gold will fall again? I was planning to buy some physical assets.

>>18028247
>gold has intrinsic value (jewelry, dentistry, electronics etc.) which is what gives it safe haven status along with scarcity
>bitcoin has "scarcity" despite the fact it can be forked to create identical copies of it, and has no industrial applications and operates solely on greater fool theory

why would you buy Bitcoin right now again?

>>18018343
>says something absolutely based about politics and the economy
>shills gold which is historically WAY overvalued in comparison to silver
>shills useless mining stocks that WILL default on their loans(they already are btw)
Your gold will get you far anon but PHYSICAL silver will get you light years ahead.

>>18029198
he shills silver hard, what are you talking about
he often says the gold/silver ratio is overvalued, and that every investor should own silver
as for mining stocks, the large caps like barrick have paid off more than 75% of their debt and are INCREASING dividends, so misinformed it hurts

>>18019025
Exploding supernovas are behind gold.

>>18018394
>i mean who use Bitcoin when there is big economic depression, internet shutdown and your Bitcoins is gone
the internet is not shutting down idiot. the concept behind btc and pm's being valuye is the same: minimum amount of energy required to procure the asset is what keeps value high because there is no money printer to go brrr