/biz/ - Business & Finance

Damn good job on the bottom surgery doc

Why is that man weaning a woman's bathing suit?

>>20783733
Gold is not a functional asset. It's not associated or tied with anything in survival or real life. It only has value because people think it has value. Isn't that the definition of a speculative good?

>>20783733
Can you send gold for an instant online payment?

Does gold have any real world use?

>>20783854
nigger the only reason you managed to type those words in the first place is because of gold you colossal fucking loser faggot neck yourself and dilate bitch

>>20783733

>>20783854
Yea but there's not a new type of gold that pops up ever couple months that dilute the value of other existing types of gold.

>>20783854

If you want gold just throw a bunch of rocks into a black hole and divided it by 0 haha

>>20783973

Ah shit I lost the game

>>20783733
Of course it's speculative, but looking back on the past two halving events it's not inherently wrong to think that we are going to moon again next year. Its just a very limited sample size.

>>20783733
>Bitcoin is not a tangible asset
Neither your bank savings

Why do I like white girls again since browsing/biz/? I've been nothing but ebony queen chasing for 5 years .

>>20784028
Yes it is. It's tied to the market

>>20784045
white queens are superior

>>20784045
current events made all of us racist. personally I'll be looking for a qt light skinned south american girl after making it

>>20783854
Gold is a real asset and real savings. How the fuck you think that’s speculative. Gold is the exact opposite of speculative

>>20783973
It does not matter. There's too much money in the world and they're all trying to seek alpha such that trading a valueless token is not different than trading a stock that doesn't give any dividends.
If there's a way to make money on it, it will be traded.

>>20784068
>Yes it is.
No it’s not. It’s literally just a number on a relational database.

With bitcoin you have to think further out too... like defi right now is a scam but both btc and eth are the cornerstone of it.
By scam I mean, Defi right now is just a way for crypto users to gain more leverage on their existing trades, but maybe it can be more than that in the future.
Even right now you can move your entire bank account on chain in the form of stablecoins if you want.
If you don't see how an alternative to the current financial system is useful then we just have to agree to disagree.

>>20783733
It's not like the USD which is BASED ON GOLD WHICH IS REAL
> prints 25b USD on a whim

>>20784161
What the fuck are you on about, this is not true at all. Why are you retards so dumb. Gold does not have its value because it is useful

>>20783733
name me one thing that ISNT decided by how much others would pay for it

>>20784045
Oy! Vargiza Verona!! Come ride in my Jeepney! We make a lot of money! You want some San Miguel??? Bring the adobo, ok???!!!

>all these people ignoring silver and it's billions of applications
Also I love how the thread is about bitcoin and you fuckers with your whataboutisms trying to derail from OP's point. I hope each and every one of you lose your entire wallets for ruining the GPU market

>>20784671
You're changing what OP said. He said it only has value because people think it has value. Your wording is vague and stupid because you replaced value with "things that are determined" ???

A tomato plant has value outside of speculation. It is able to feed people and grow more tomato. Its value is determined by its usefulness as a means of nutrition. Bitcoin has no value and its only true function is in facilitating illegal activities.

A lot of intentional stupidity in this thread. This is what I come here for.

>>20783733
You could argue bitcoins worth comes from the PoW, the value comes from the work put in. Like everything should. Sieg heil my nigger.

>>20783733
>It's not associated or tied with anything in the real world
what are computers you dumb nigger

>>20783733
i heard 1 cup of coffee a day is good for you.
i personally drink 2-4.
but if i really cared about my health, I wouldn't smoke a pack a day.

>>20783733
The egregore is much more powerful then any physical object. The mind is capable of things most people could never imagine.

>>20783733
Yes, BTC is a meme but it's a meme that people keep buying so it has value.

>>20783915
>Bitcoin
>Instant

You can walk down the street and buy gold without filling out a tax form and submitting an ID and social security number. Can you do that with BTC?
BTC relies completely on digital networks, gold does not. The point of gold is that it is physical, it is tangible, it has thousands of years of history of doing such.
>Does gold have real world use?
Yes, it has industrial use just like all precious metals.

I don't have an affinity for gold. I don't own any physical gold and I don't own any miners either. I think BTC is even dumber because it's incredibly cumbersome and inefficient. The value of BTC could drop 10 or 20% in the time it takes for me to purchase it and then actually use it for payment.
There's only two kinds of people who have BTC. People who buy illegal things online and people who hold it expecting someone else is going to pay more for it even though it does nothing aka bagholders.
>Imagine owning BTC when you could own TSLA and AMZN, get the same pump, and they actually have demand because they do something

>>20783918
Grug mad he like rock

>>20783854
>"gold is not functional"

>>20783733
As opposed to.......?

>>20783733
The dollar is not a tangible asset. It's not associated or tied with anything in the real world. It only has value because people think it has value. Isn't that a definition of a speculative good?

>>20783733
>It's not associated or tied with anything in the real world

It's related to the cost of mining it, which is tied to the cost of electricity.

If anyone could mine it for free, it would be worth $0.

>>20787767
>You can walk down the street and buy gold without filling out a tax form and submitting an ID and social security number.
>Can you do that with BTC?
yes

Thats pretty much what the American dollar is. It's not backed by gold anymore and it's value is determined by what people agree upon.

>>20789338
by that logic it's worth about 6k, not including half the coins never actually hitting the market (yet being counted in marketcap)