/biz/ - Business & Finance

he is right but gold is shit too
gold does not beat inflation

>>19132497
This is why you buy ETH.

>>19132497
>>19132508
1$ is 100x as useful as a cent, so it's 100x as valuable.
the absolute state of brainlets

It actually is more difficult to get a full bitcoin hence the price. Imagine not understanding basic supply and demand

>>19132497
wow.
a new level of cope has been discovered.

>>19132497
what a brainlet math.
1/10th of something worth the same at 1/1, not even boomers can be so stupid.
both gold and bitcoin only derives value from demand. if the is no demand then both of them can be worth $0. you can't buy bread from a starving man not for gold nor for bitcoin. he will tell you to eat your gold.

What is this retard’s problem

>>19132508
Gold is a crisis hedge, not an inflation hedge. It's a good bet now, but maybe not 5 years from now.

>>19132508
>gold does not beat inflation
Hate to break it to you anon

there's literally a finite about of bitcoin, and each bitcoin took mining power to create. it has a history and immutable ledger. it's fake internet money, yes, but gold is just a piece of rock, too. it's all about perception.

>>19132564
low IQ is unironically his main problem

What is gold useful for bros

>>19132597
A lot more people would be willing to accept gold as payment than bitcoin

>>19132497
What the fuck is he even talking about, is it a stroke?

>>19132565
>Gold is a crisis hedge, not an inflation hedge.
this!
you have to view it as insurance and obviously you pay out of the ass for insurance.

>>19132619
of course... ahahahaha you are funny

>>19132632
What you said upthread is also true. In a Mad Max situation they probably are both worthless

>>19132565
nah dude. you're almost right but gold is a "currency insurance"...it acts as like a supra currency convertible into any.
this winds up giving some inflation and crisis protection but its main utility is to act as a pan-national currency

>>19132639
Normies don't understand bitcoin and people are scared of what they don't understand. I'm not saying they are right not to accept it. I'm just saying they won't.

lol Bitcointards

No one is going to transact in gold in a digital age. Gold and bitcoin aren't mutually exclusive. Peter Schiff is the definition of a biased jew. Formulate your own perspective, Jesus. Stop looking to people with Twitter accounts with X followers.

>>19132664
Normies don't understand anything. You don't have to be a genius to enter your name and bank card into coinbase.

Bitcoin and gold serve different purposes.

>>19132664
no normie can check the authenticity of a gold nugget. it's divisibility sucks ass. anybody with a simple phone app can check the authenticity of the bitcoin payment he receives and it's divisible to sub cents.

Bitcoin or ethereum is the only way known to man to make a permanent record.

All other shitcoins don’t have enough hashrate protection, and every other tech is not suitable for money, including gold, because you don’t really own it.

Liberals need their tubes tied

>>19132648
obviously but if only your country goes full on mad max and the rest of the world has good places still which one you will be able to take with you and arrive with as a refugee? gold or bitcoin?

You fags are all posting in a troll thread. Schiff is a master troll. Of course he understands BTC but he has build wealth on trolling crypto holders.

>>19132497
I think he’s a Bitcoin whale and he just trolls all day
He’s a kike, no way he’s not pulling some kikery shit behind closed doors

why schiff so retarded?

>>19132724
based

>>19132734
it's his job

>>19132724
Peter Schiff has been releasing the exact same podcast every day for years now lol. It's actually pretty funny. You have to admire his persistence.

>>19132508
lel look at the price history of gold retard

>>19132585
He may be a boomer, bit he can buy you and your mom ten times over with his money. I wouldn't necessarily call him low IQ
>inb4 schiffshill

>>19132564
>>19132585
>>19132626
He's a jew selling nuggets of gold to scared boomers, and desperately trying to stave off the collapse of demand for his hoard of shiny rocks.

>>19132508
Lol. Stop posting faggot.

What is more useful one Peter Schiff or one 4chan jannie?

>>19132546
and a full bitcoin is just as valuable as 1 tenth of a bitcoin. Imagine having autism like you do.

>>19132562
your fake internet money is worthless no matter how much you have.
Blaming other people for your stupidity is pure cope

>>19132497
oh fuck it's a massive buy signal, every time schiff copes against bitcoin it goes up.

It's like an insider signal or some shit , it's been working great for years.

>>19132821
Bitcoin has value X
1/10th of bitcoin has value 1/10 X
It's not v hard mate

>>19132542
Ummmmm Anon, you do know that gold is used to create many products like electronics....right? Dollars are not.

>>19132842
it would only be worthless if demand would go to zero for it. but i can sell it right now for $9361

>>19132497
what a stupid boomer. Metals and Bitcoin are different things and both valuable. Who knows what the price of crypto will be. I could see a major crash and then a slow rise over the course of many years.

>>19132497
>nooooo commodities that you assign value don't count only MY commodities that I assign value count

>>19132619
LOL

>>19132738
I like how every single argument that one or the other is better relates to their value in dollars. That shows you where the real value is.

>>19133059
usd is money, bitcoin and gold is not.
but it's the comparative purchasing power expressed in the most simple and concise way.

>>19132497
Anyone not buying both is a retard

>>19132497
so his argument boils down to "I only believe in things I can hold". ah yes, the last resort of gold merchants everywhere, when the mask finally comes off and they reveal their true form: a boomer formed in a paradigm so all encompassing they can imagine no alternative

>>19133235
>I only believe in things I can hold
small minds are doomed to mediocrity
imagine an engineer refusing to work with imaginary numbers because "he can't hold them in his hands"...

>>19132542
I wonder if morons like you ever kill themselves when they realize how fucking braindead and cringe they are

We need a twitter account with the name smart peter schiff. Every time he makes a tweet make one as well refuting whatever brain dead dribble he posted.

>>19133744
Wow! That would be SO funny! I wish I could upvote that idea twice!

>>19132576
I think his point is that gold can be used for something and the amount of use you get from it changed with the amount you have (like for circuits and whatnot), while the use of bitcoin as a ledger works the same with any amount of bitcoin (example signing transactions and messages)

>>19132508
These are the people giving you financial advice here.

>>19132546
> It was way harder to get this pile of shit out of me when I was constipated
> Which is why I keep it separate from this pile of shit over here that was diarrhea and flew right out of me
> Because it's worth more since it was harder to get

>>19133858
bitcoin has only one use case. that is true. gold has many. but bitcoin only has the use case that matters to gold investors as none of them wants to make teeth fillings jewelry or circuit boards from his gold.

bitcoin is only good for storing and transacting value. and it's utility in that regard beats gold by miles.

why is he tweeting about bitcoin when it didn't dip?

>>19132794
Doesn't he sell paper gold which is even more worthless than Bitcoin according to his point? (Unless he's actually retarded and can't understand that BTC has a capped supply and that infinite divisibility doesn't mean it isn't scarce)

>>19132497

>>19134320
we're in the dip. he's marking the bottom.