/biz/ - Business & Finance

Meanwhile Grayscale keeps continually buying way more BTC that gets produced at its current valuation. Follow the money. I'm sure they know better than you, little sardine in the big sea of whales.

>>19954777
Wow a financial asset's value is backed by demand! Thanks for sharing!

>>19954777
Digits confirm that this is good advice.

>>19954817
This doesn't mean that BTC will pump but it's price will remain somewhat stable. Good news. Still doesn't refute my point, though.

>>19954777
Fiat currencies have value because people are willing to accept them. If no one is willing to accept Fiat currencies, then these will not have any value. The price of a Fiat currencie increases if demand exceeds supply, and it decreases if supply exceeds demand.

>>19954777
if only there were certain cryptocurrencies whos value wasnt derived from demand

if only they offered a software/protocol service that had inherent value due to utility.
oh well, i guess nothing like that exists and Bitcoin is the only cryptocurrency on earth

>>19955076

Uh oh you mean crypto isnt just about the currency? You mean there is something more?

>>19955011
>>19954847
Thanks for straw-manning, faggot. A stock has inherent value because you buy a share of an actual business that generates profit by providing services and commodities. Materials like gold or oil have inherent value because they have industrial use cases. A governmental issued currency has value because its country's economical strength. Cryptocurrencies have no inherent value. They're useless beyond pushing around some numbers on a database. The only reason why Bitcoin got value in the first place because some drug dealers, beside wrongfully believing that it's private, where retarded enough to think it has, so in all their stupidity they used it for their businesses on the darknet.

>>19955186
>A governmental issued currency has value because its country's economical strength
hahha no you fucking brainlet, a country economic strength is the goods it produces, if it was like you said governmental issued currency zimbabwe would be the richest country on earth.
Go read a fucking book nigger

>>19955131
No anon, I mean there is absolutely nothing in the blockchain space that can increase profit margins for global industries.

There is just no software that allows automatic execution of events driven by real world data feeds eliminating the need for vast amounts of personnel in select industries.
And there definitely isn't any way to speed up traditional finance and reduce fees by cutting out middle men and reducing latency.

On top of that, there is just no possible way to allow for a fully public and immutable system to be used by independent companies to conduct transactions in a trustless manner, while maintaining full confidentiality of the data in question.

>>19955311
What is a third-world shithole country against the USA, you faggot?

>>19955368
I consider USA a third-world shithole

>>19955076
>oh well, i guess nothing like that exists and Bitcoin is the only cryptocurrency on earth
Ironically true

>>19954777
This post literally applies to any asset class. Not just bitcoin.

>>19955488
Tell me what inherent value Bitcoin has, then. Protip: You can't.

>>19955522
Bitcoin tipped drills for industry

>>19954777
Wow breaking revelation

>>19954777
Uhh the same is true for gold and literally anything else. If nobody believes it has value it doesnt

>>19955186
>A stock has inherent value because you buy a share of an actual business that generates profit by providing services and commodities
So there are no stocks in zombie companies that don't provide any value?
> Materials like gold or oil have inherent value because they have industrial use cases.
But most gold is used for jewelry...
>A governmental issued currency has value because its country's economical strength.
A cryptocurrency has value because its global economic strength in trade
>They're useless beyond pushing around some numbers on a database.
Do you have any idea how valuable data is? It's literally more valuable collectively than ALL THE WORLD'S OIL.
>The only reason why Bitcoin got value in the first place because some drug dealers
99.99% of BTC transactions are legal

>>19954777
I have put every dime I could spare for years into this and if it doesnt work out I will boogaloo so hard itl make international news.

>>19954777
Crypto has value because people see it the same way you do: As something volatile they hope to get the better off. You have to be mildly retarded to choose to play BTW in 2020 when dipping in RSR right now is like stacking up on BTC in 2010

>>19955805
In Roblox.

>>19954777
100% crypto, crypto debit cards, crypto stacked invested. Not interested in traditional systems tbqhfam.

>>19954777

Lmao

>>19954777
Bitcoin is a payment network that generates revenue through mining which also secures the network. bitcoin is the token in which these miners must accept as payment for putting in the computational resources.

>>19955733
Yes. Also 'wow' on how many people don't get this. Just read the thread.

>>19955773
Thanks for your straw man parade.

>>19957572
So what? There are still enough idiots around that pay the miners for generating shit tokens.

>>19956061
my condolescence

>DUDE DID U KNO MONEY NOT REAL

>>19954777
well duh it still gonna go to $1 million a btc before it goes to $0

>>19955522
way too easy
the only trustless permissionless and secure but publicly auditable ledger using p2p byzantine fault tolerant distributed consensus in existence

>>19954777
The same thing can literally be said about everything.

>>19961138
maybe

>>19961178
and that's what it is useful for: pushing around virtual tokens. nobody actually needs that shit so its inherent value is zero.

It's far more than that! It's more about how Value Income is brought by the crypto ecosystem. Projects like VID.camera really pushing the Value Income to the next level by their platform for businesses and well as users.

>>19961341
>and that's what it is useful for
to store and transfer wealth without any trusted intermediaries. nothing else can do that on the scale bitcoin can.
>nobody actually needs that shit
you just gonna have to let the market decide that. we could all decide one day nobody needs to wear jewelry it's stupid and also gold is not good for anything except as base industrial metal. could happen just as easily as people deciding they don't need bitcoin anymore.

>>19954777
shitloads of supply no demand. that will end well