/biz/ - Business & Finance

>>23841986
The (((news))) hasn't informed them to do so yet.

>>23841986
>zoomers fomo into btc
>get dumped on by oldfags
>we fuckin made it brahs
>lmao they actually fell for it
>pink wojaks
this is why

>>23842024
(((Informed.)))

>>23842024
(((they))) won't (((stand))) for (((it)))

>>23841986
I heard a 12 year old kid talking about Bitcoin a few weeks ago.

>>23841986
normos are risk averse but don’t realize fiat is extremely risky to hold outside of massive market crashes. there’s also the technical barrier and understandable fear of fucking up

>>23842404
The fun part is this board is making us filthy rich within 10 years and people don‘t realize it, it‘s hilarious

Because i trade crypto and i'm still not completely sure why it's useful or what the future applications of it will be.

>>23842263
How the fuck are Zoomers, the generation that literally grew up with smart phones getting dunked on by Boomers in crypto?

It’s as simple as retards not understanding circulating supply of fiat and the meaning of value.

>>23842542
cause they're late? duh

>>23842492
The future application is that it's your fucking Bank account independent of any middle man charging you fees for your own money and indepent from paper money some idiot can just multiply infinitely by pressing print

I don't know

BTC is worthless as a currency,

https://blog.plan99.net/the-resolution-of-the-bitcoin-experiment-dabb30201f7

controlled by Blockstream and the banks,

https://www.youtube.com/watch?v=XfcvX0P1b5g

and only propped up by the ponzi-scheme scam of tether.

https://www.youtube.com/watch?v=bFVK9SxKR5c

https://www.youtube.com/watch?v=qzDjJ-SrojY

Do not let yourself get rug-pulled. It's a banker-created distraction from precious metals, and it is going to zero. When the reset happens, BTC will be priced in gold, not gold in BTC. Russia and China have accumulated precious metals to back their currencies with, not cryptos.

>>23842603
>it is going to zero
hur dur

>>23842575
If you feel like you're too late you would hurry up even more. There's billions of people that will want a slice of this cake and you can still be one of the first millions, why would you wait to be among the billions

>>23842632
you are a newfag and it shows

>>23842662
Define new

>>23842632

BTC offers nothing of value and yet has a $300 billion market cap. That's 5x larger than NEM, the largest gold miner on earth. The rug-pull is going to be so quick and violent that you'll miss it if you blink.

>>23842722
Who's gonna pull the rug? If you dump your BTC it'll just be taken by the new people coming in. That's the point of decentralization.

They aren't technically minded. Boomers just think they are cause they can power cycle a wifi router and set up netflix.

The answer is simple. The NPC meme is real and 99% of people don’t even have souls, let alone brains.

>>23842770
>>23842722

To clarify why I say this, BTC, as being a ponzi scheme, will crash when it stops enticing new buyers to buy it. It has no earnings and no use-case, so it must fall without the simple fever of speculation. But at a certain point, people are going to see that NEM (say) is far more likely to go from a $50 billion to a $100 billion mcap than that BTC will go from a $300 billion to a $600 billion mcap; plus NEM has a 13 P. E. ratio, pays excellent dividends, and offers the same alleged protection against inflation that BTC does. Better opportunities will entice people away from the BTC bubble out of necessity once it reaches a certain point, and that point is coming soon. Then it will collapse in upon itself at a rapid pace. The process will be vastly expedited by tether, because tether will collapse once BTC collapses and then cause BTC to collapse even further in its turn. (Deso explains why in the second of these two videos. >>23842603) If by some miracle BTC keeps going until the coming reset happens and the dollar gets dumped, and Russia and China announce new gold-backed currencies, then BTC's value will disappear overnight, because it has no value when priced in gold, only when priced in fiat.

>>23841986

Who cares the majority of normie wealth is invested by fidelity or whoever it matters what fidelity does

So many people still think it's worthless. They don't really understand that money constantly moves onto new technological platforms.

>>23841986
Not enough adoption yet

>>23841986
Millenial here, I am literally 98% into crypto.
Hold 2% fiat for expenses.

>>23842902
Sell your bags to some other idiot shill

>>23842902
It's use case is it's that a more convenient and all round better investment than gold.

>>23841986
I will be once I can buy Tesla shares with it.

>>23841986
Have thought this too. Just be thankful, normies will norm.

>>23843000
https://ftx.com

OK?

>>23841986
>This is our one and only chance freeing ourselves from the broken and corrupt world Boomers and centralized banking
No it's not. Because it is owned by Whales (centralized)

>>23842928
Interesting concept.

>>23843018
>FTX does not onboard personal accounts of current residents of the United States of America, Cuba, Crimea and Sevastopol, Iran, Syria, North Korea, or Antigua and Barbuda.
OK faggot.

>>23841986
Which part of "Non playable character" don't you understand?
Which part of "controlled by the (((game master)))" don't you understand?
Which part of "never ask a question" don't you understand?
Which part of "never question the system you grew up in" don't you understand?
Which part of "don't make up your own mind" don't you understand?
Which part of "do what everybody around you does" don't you understand?
Which part of "never look forward, always look backward" don't you undertsand?
Which part of "you don't understand the financial system anyway because it is so complicated" don't you understand?
Which part of "the news said Crypto is not backed by anything and I can not touch it" don't you undertsand?
Which part of "I need [insert random expensive useless thing bought on credit]" don't you undertsand?

Do you want me to go on anon?

>>23843172
It’s more of a rhetorical question I think. Everything you said is true this thread is just a flex because we’re all rich but still depressed

>>23842542
crypto "boomers" might just be 5-10 years old older than zoomers.

>>23843172
I don't understand any of these sentiments

>>23843221
I resemble this remark

>>23843123
Well that sucks

Zoomers can't use computers.

>>23843086
Stables coins will gradually replace fiat.
Bitcoin will gradually replace gold.

We've gone from pretty rocks, to metal to paper, to digitised currency with a manual ledger. The next step is is money to be fully automatic, digital ledger. It's happening whether the 'backed by nothing' faggots like it or not. It doesn't matter that it is backed by anything as long as people believe it's valuable. That's how money worked. When we first started using money it only worked because everyone agreed to believe it does.

>>23842722
>>23842902
Gold is inferior to bitcoin because it’s supply is essentially infinite. The only barrier to increasing production is cost which declines with new technologies. This means that when gold reaches a new higher price regime more deposits will become profitable to mine and production increases.
Bitcoin is the first entity to not have this flaw. Bitcoin production will never increase no matter how profitable it is to mine. It’s production will eventually hit 0 once 21 bitcoins have mined.
In addition, bitcoin does not rely on revenue to exist like a mining company does. NEM will always have a risk of bankruptcy or poor quarters. Why should an investor pay more for that risk?

>>23843056
>>This is our one and only chance freeing ourselves from the broken and corrupt world Boomers and centralized banking
>No it's not. Because it is owned by Whales (centralized)

>>23843206
Why is it so anon.
The poor are unhappy.
The rich but autistic ones who lurk here are also unhappy.
Who is happy?

>>23843206
Would you rather be depressed and poor?

>>23842579
You literally depend on paper money so the price goes up, lul. Noone would give a shit if it just shows 1btc=1btc

>>23841986
>How is not every single Millenial and Zoomer balls deep into this and doesn't reject Fiat money?
they dont have any fiat money to begin with. the average normie likes to live above their means in "cool" cities and never invest in anything other than entertainment and getting drunk.

>>23843439
>Who is happy?
The children of God
However it's not always easy neither
Imagine having eteral life and being bored to death and also being unable to have sex in heaven

>>23843509
These cringe ass larpers

>>23843382
>The only barrier to increasing production is cost which declines with new technologies
how much will the cost decrease, eventually?

>>23843382
gmi

>>23843480
This is only the case because the world is dominated by paper money right now. If prices will actually be shown in Satoshi people will care about the dollar price of something as much as you care about the venezuelan bolivar price of something

>>23843311
Based and double checked, reminds me of this. https://nakamotoinstitute.org/shelling-out/

>>23843439
He is happy who accepts himself and the world.

>>23843462
Have been there for sure. Part of accepting that we are going to make it is accepting that it’s off the backs of normies. It’s binary, use or be used, and most people can’t handle the red pill. It’s better that way. We need slaves and most people need to be enslaved and told what to think.

>>23841986
isn't that obvious? we're the new elite
we bought crypto at the source, 10 years is nothing to history
we're literally the insiders, those who benefit the earliest from the newly created money gets more benefits

>>23843681
>We need slaves and most people need to be enslaved and told what to think.
What a sad existence when you think about it.
They waste their lives in every possible way.
1)They are poor (most of the time)
2)They are literally retarded
3)They don't want to see the truth even if you tell them
4)They spend their whole life working for someone else and spending money on useless shit
5)They are (most of the time) also spiritually dead and have propaply no soul and end up going to hell

I mean can it get any worse? Of course, you can be sick and handicapped. But I mean in the sense that you are healthy and independent, this is the worst possible way to spend your life. But quite literally 90% of people in the Western world do it.

i really wish someone had told me about bitcoin when i was shilling for ron paul in 2012.

i also wish i had been on pol in 2016, instead of red ice and the gayly stormer. might have found out about it then.

>>23843382

BTC has no intrinsic value, so doesn't matter that the supply is limited. Can't be used as digital gold, because, unlike gold, with its industrial and ornamental uses, there's no value to store; and doesn't have value as a currency, because it's a Blockstream-neutered ponzi scheme, which runs into $100 fees and 3-day transaction times when even 0.01% of the world population attempts to make use of it. >>23842603 It's actually a drain on society rather than offering it any benefit, because, unlike gold, you need to use energy, actively, in order to sustain BTC; whereas the energy which is used to produce gold is expended in a certain moment, and then stored intrinsically forevermore. By the bye, the miners could agree to change the protocol and cause inflation in BTC.

NEM won't go bankrupt, earnings are simply too good, P. E. ratio is too good, too many mines in too many jurisdictions for failure at any one point to cause serious harm to the company. So long as gold remains at this price or goes higher, and it must, because of central-bank inflation, the case for NEM can only get better, and it's already an excellent one.

>>23843382
if the powers that be had invented a cheap way to create their own gold, do you think they would they tell anyone? what if people are stupidly buying gold rn while some rich jews are printing it as easily as they print us dollars?

1. Because normies either don't understand or don't care about banks controlling their stuff.
2. It's still unironically too complicated for most people.

>>23843846
Gold is the first thing that drops to 0 once Bitcoin becomes the standard for store of value. Lmao enjoy your bags NEM shill

>>23843846
it costs money and manpower to safeguard gold, and it’s easier for governments to seize. (hell it even costs money to keep CASH in a bank these days.) sure, you could just put it in a safe in your house, but i wouldnt do that with my entire net worth. all the problems of bitcoin are being fixed/will be fixed by altcoins eventually. competing cryptocurrencies will be the eventual answer.

>>23842603
you gold faggot were saying the same thing in 2012, when i was reading "end the fed" and researching grassroots currencies that could replace fiat. what if i had bought bitcoin then instead of those silver bars.... ugh.

>>23842722
if people will pay money for it then it has value. ffs imagine being this retarded.

>>23843486
and yet they're happier than you are

>>23841986
Bitcoin isn't consumer ready yet. Simple as.

>>23843846
>what is Metcalfe's law
yeah sure bro BYE BYE SEE YOU ON MOON AHAHAHAHAHAHAH

>>23844219
What is Bitcoin missing to be consumer ready?

>>23844332
Simplicity, understanding and trust. More the second two for the most part as there are some simpler apps out there.

>>23843846
Why does gold have intrinsic value while fiat dollars don’t?
Intrinsic value is value assigned to something by the free market. Fiat meanwhile is mandated by government taxes, fees, fines, and enforcement which is why the value of fiat is not intrinsic.
Bitcoin then has even more intrinsic value than gold because unlike gold, governments don’t hold reserves in bitcoin and have no history of conducting their affairs with bitcoin. Bitcoin’s value comes 100% from individuals who have freely decided to use it to store their wealth.
Bitcoin is a pure financial asset unlike gold which as you mentioned has other uses. But, the uses gold has are minor compared to its role as a financial asset. If gold were to suddenly lose its financial status its value would plummet as it became some bulk commodity like nickel or copper.
Fees and transaction times are a problem for bitcoin. A temporary problem. The lightning network, wrapped bitcoins that trade on faster chains, or an entirely different more advanced crypto. There are many solutions that are up to the free market to pick. In this regard it’s better to consider crypto as a whole versus gold instead of bitcoin vs gold.
You say the miners can increase the maximum bitcoin supply. This is false. Miners can fork the chain with a new cap but the coin in that new chain will not be bitcoin and bitcoin’s original chain would be left unharmed. This has happened multiple times already.
As for NEM, it’s a company not a commodity which leaves it at risk of all human failings. Anything that is free of human failings is perfectly justified in being more valuable than NEM.

>>23843951

I don't own NEM, I own junior silver miners with sub-$200-million market caps (some as low as sub-$20-million). I use NEM as an example to show that even the safest, largest gold miner in the world is a more appealing proposition than BTC; hence at a certain point people are going to ask themselves, "Why should I take an enormous risk on the chance of this worthless digital token with a $400 billion mcap doubling when this $50 billion mcap company is safe and also much more likely to double, provides the same alleged hedge against inflation as BTC, plus it pays dividends."

>>23843951

BTC will be priced in gold, not gold in BTC. Countries are hoarding gold for the reset, not cryptocurrencies. >>23842902

>>23844047

The resources which are expended in guarding gold are infinitely less than those which are consumed in maintaining BTC. BTC's consumption of energy is equal to that of Switzerland.

Alt-coins will go to zero when BTC does. Fruit of the poisoned well. The collapse of the BTC bubble will cause a total loss of confidence in all thin-air cryptocurrencies, as it did in 2017. Only a crypto backed by gold will be seen as having value. Once a speculative mania dies down, it usually dies for good.

>>23844131
this brings a tear to my eye. I almost traded an eth for some silver 1oz legos yesterday, thinking silver could easily "moon" (relatively speaking) if everything gets mega fucked. But NOTHING EVER HAPPENS as is typically the case, Im more confident in returns from crypto so I chickened out.

>>23844446
>hence at a certain point people are going to ask themselves, "Why should I take an enormous risk on the chance of this worthless digital token with a $400 billion mcap doubling when this $50 billion mcap company is safe and also much more likely to double, provides the same alleged hedge against inflation as BTC, plus it pays dividends."

I guarantee you the people that will ask this question is lower than penises I own

>>23842722
>BTC offers nothing of value

Having a credit rating means I qualify for loans and mortgages, which is how I finance major purchases. I can't do this with crypto.

>>23844441

>Why does gold have intrinsic value while fiat dollars don’t?

As I say in my post, industrial uses,--dentistry, medicine, electronics,--as well as ornamental ones. It also, along with silver, has a monetary property, as being the only store of value which is perfectly free from counterparty risk. (This isn't true of BTC, since the miners have control over it, and it has no value to store.)

>Bitcoin’s value comes 100% from individuals who have freely decided to use it to store their wealth.

You could say this about any bubble or speculative mania. This is exactly what you might assert about the South Sea Bubble, Mississippi Bubble, or Dotcom Bubble. Only, I take issue with your language, since people don't use BTC to store wealth but to speculate on other people buying it and making the price go up.

>If gold were to suddenly lose its financial status its value would plummet as it became some bulk commodity like nickel or copper.

No; the value of gold in industry is immense. It is far more valuable than other metals, even silver. We use other metals in industry simply because gold is so much more valuable in its intrinsic properties, as against other metals.

>Fees and transaction times are a problem for bitcoin. A temporary problem. The lightning network, etc.

The LN 1) Is always "two years away" from adoption, 2) Could only serve less than 0.5% of the world even if it was widely implemented, before BTC would break down again, 3) Would cause everything which you do to be tracked and trace, thus rendering Bitcoin a tool for worldwide enslavement rather than liberation.

Bitcoin has other problems, namely that if you get dementia or memory loss, or somebody tortures you for ten minutes for your keys, or there is a fire or theft, or if you make a thoughtless mistake, you lose everything. People try to argue against this by talking about "Bitcoin banks" and "two-factor"--well, then you introduce counter-party risk, and BTC is made pointless.

>>23842902
>BTC, as being a ponzi scheme
Jamie Dimon, what are you doing on /biz/? Don't you have shekels to count?

How bad of an idea is buying a whole bitcoin at the cost of 20% of my savings?

>>23844606

>hence at a certain point people are going to ask themselves, "Why should I take an enormous risk on the chance of this worthless digital token with a $400 billion mcap doubling when this $50 billion mcap company is safe and also much more likely to double, provides the same alleged hedge against inflation as BTC, plus it pays dividends."

Any serious investor who cares about making money will be asking themselves this question. That's why Buffett bought Barrick Gold, because the financial proposition was simply too appealing to ignore, despite his lifelong hatred of gold. I am constantly looking my mining stocks and asking "Is the mcap of this stock overvalued on the basis of what it has in the ground, or the worth of the company? Where can I get better value for my money?". And if I see a stock with more ounces, better management, in a better jurisdiction, etc., I go to that one instead. This is simply what investors do. On the same principle, if I think that I'm more likely to double or triple my money by selling BTC for NEM while taking on virtually no risk, why wouldn't I do so? This is why Peter Spina sold his BTC at $15,000 in 2017, just before the bubble burst, and went all in on gold, silver, and miners. And he was right to do so, and made a fortune from it.

>>23843791
lol stfu christard, you are the very definition of NPC, unable to think for yourself so you pick the most popular spiritual belief

>>23844763
If you keep $75k in cash savings you are an absolute fool

>>23843123
>USA officially worse than Venezuela

>>23844771
Had he reinvested in Bitcoin and bought the bottom he would have made more.

Feels good that I made a better investment choice than some guy Boomers look up to

>>23841986
A 60 IQ African American can figure out how to use a wallet and a dollar bill. In order to use crypto you need to be under 23 and have top 10% computer literacy.

>>23844763
How the fuck do you have that much cash lying around and not invested in ANYTHING?

>>23844896

My mining stocks (which I have been sharing with /biz/ all year) have vastly outperformed BTC, and made returns of 5-10x since March. They will continue to outperform BTC. In the 60s silver bull market, the average silver penny stock went up, on average, a hundred and fifty times. BTC is never going to anything like that,--it will be a miracle if it even doubles from here,--and, again, this is another reason why it will have a cap on its price, because there are such better opportunities to be had elsewhere. At a certain point people will sell, exit the ponzi scheme, and invest their money in a better investment. Then the momentum runs out and the whole thing collapses.

>>23841986
Because they spend all their money every month, doesnt matter what it is denominated in

>>23843221
yh, i want to dommp eett on the younger zoomers they deserve it for the BLM jewish narrative

>>23844805
careful little edgelord. Back in line with you

>>23841986
Because zoomers will own nothing and be happy to prepare and serve our trendies

>>23844994
The problem you have is that you think Bitcoin is pure speculation instead of store of value. You're the same kind of person that thinks investing in a pump and dump coin is better than Bitcoin because some of them outperform it but in the end lose everything due to gambling. Yeah you make more money with low cap coins because if people follow your bet you make money by the cap going up. But if you lose that bet you just lose money. YFI and DeFi hype was everything you times 100. Coulda made a lot of money there too if you invested in that. Could lost a lot of money there. Crypto can do everything Boomer rocks do but better, faster and with more gains.
Bitcoin is the safe option of crypto. Your argument with market cap is an argument why Bitcoin is precisely the best choice to invest in. It's the safest bet and it reached a size where sudden swings downward don't happen anymore. And it grows more stable with the market cap growing. When Bitcoin reaches the market cap of Gold, the true asset you need to compare Bitcoin, too, not some fringe low cap company, that's the equivalent of some DeFi Token, a single Bitcoin will have roughly the value of 500,000 Dollar. And it doesn't stop there.
Replacing Gold isn't even Bitcoin's end goal. Any asset that can be considered a store of value like real estate, other PMGs, life insurance, bonds or whatever will find they will have to fight with BTC, an asset that is secure, needs no middle man, can be transferred, divided, stored anywhere and can be used in every country in the world

>>23845425
Aaaand it cannot be seized if you lost your keys in a boating accident

>>23845529
Neither can gold. Also good luck taking your gold with you if you ever need to flee on a boat. On the other if you're in that situation you can actually just memorize your 12 word pass phrase and nobody can take that from you even IF you lost your private key

>>23845425

>Crypto can do everything Boomer rocks do

Blockchain technology and gold-backed cryptos have a future, but not cryptos, which are based upon thin air. Incidentally, do you know why "boomers" liked buying gold and silver in their day? Because gold was going up 25x, silver was going up more, and mining stocks were going up hundreds of times. They were the cryptos of their day as far as gains were concerned, and they went up for precisely the same economic reasons as they are going to go up for now.

>The problem you have is that you think Bitcoin is pure speculation instead of store of value.

Yes, for the reasons which I outline here. >>23842603 >>23843846 >>23844655

>You're the same kind of person that thinks investing in a pump and dump coin is better than Bitcoin

I called all crypto "fruit of the poisoned well," >>23844446 so, no, that isn't true. I don't even touch crypto, it's a waste in opportunity cost, besides the fact that I don't make immoral investments.

>Bitcoin is the safe option of crypto.

When it has demonstrably collapsed before from $20,000 to $3000 in the blink of an eye, it might be "the safe option of crypto," but it certainly isn't the safe option of investing. And therefore, at a certain point, people are going to look at the mcap versus the appalling use case and decide to move their money into a better investment. That's when the ponzi scheme collapses from an avalanche of selling begetting selling, as momentum runs out.

>When Bitcoin reaches the market cap of Gold

This won't happen, because nobody will ever be stupid enough to surrender their gold for BTC at that price. In fact, people won't give a gram of gold for all the Bitcoin in the world once the fiat ponzi scheme collapses, since it only exists as a medium for speculation in the transitional period between the fiat system and the coming gold standard which Russia, China, and the rest of the world are preparing for. They will demand gold.

>billion dollars fiat in gold
>have to store it in a fortress filled with armed soldiers and non stop security
>moving it is functionally impossible
>will get stolen by a government

I like gold, but pretending bitcoin is a useless speculation asset is retarded. If you want to move around hundreds of millions, bitcoin works. It’s not as good as it could be, and no one gives a fuck about TPS because it’s irrelevant now, just use another crypto. Soon you can atomic swap monero to btc near instantly which will be amazing for both coins.

>>23841986
Exactly, and defi is taking over, RampDefi is making it’s users fcking dollars

>>23842024
Pretty much this.

>>23842024
The news should tell them farming Ramp tokens will make them more money than their day jobs

>>23845674

>If you want to move around hundreds of millions, bitcoin works

You can do exactly the same with gold via allocation. Look into GoldMoney, Kinesis, etc. You can break gold down into as small a fraction as a satoshi and send it digitally. You can buy a cup of coffee with a gold-backed credit card.

https://www.youtube.com/watch?v=BjqzyqRz_Mc&ab_channel=Goldmoney

Again, you can send hundreds of millions with paper fiat currencies today via the banking system. All you have to do is to make those fiat currencies redeemable into gold, which is precisely what is going to happen when the dollar gets dumped. The difference is that you can also send small quantities quickly and efficiently via the normal banking system, whereas BTC can't handle real transactions, and never will be able to do so.

>>23845602
are you the guy who sold at $10k because of a peter schiff video and is now salty desperate to get others to sell too so they miss out also?

pic related

>>23841986
Everyone expects zoomers and even gen A to actually do something with their lives but I can tell you right now zoomers are more pozzed than any other generation because my little brother is 9 years younger than I am, I get large doses of zoomer culture on the regular. His first love interest was a fat mexican girl that's already had 8 boyfriends before the age of 18. thankfully he was completely turned off after learning of this, but on top of that there are actual trannies in the schools and from what I hear kids do drugs in front of the teachers that don't give a shit with marxist posters hanging up on the walls. I didn't even see a tranny until I was 20 something. And this city we're in isn't even that bad compared to say; seattle or portland

Crypto is for millenials, zoomers won't be investing into it until a BTC is more than 500k

>>23844994
Tbh, defi is the new wave, instead of locking up value all the time, we can literally fucking earning money from staked coins and still have ownership over them. Smart contracts are changing the game. RampDefi is doing great things for us

>>23844896
Ppl need to look at othe investments as well, there are a ton of projects in defi that’s gonna become the next Amazon of our century. RampDefi, Alliance block, opendefi And other shit

>>23844850
Stake that shit with Ramp and watch it grow, why tf people still have bank accounts?

>>23845806

I told people to buy Fireweed Zinc and Vangold, two months ago, which are up by about 65% since the date of your post. People who are in the right positions with their mining stocks are already outperforming BTC, as I showed here. >>23844994 Nor does short-term noise matter in any event, because the collapse of BTC is going to be almost instaneous, and, if you aren't one of the few people who has cashed out before then, you will lose everything just as quickly.

>>23844805
to each their own, let the guy share his opinion, or Lol maybe I should say let him share other peoples opinion

I told people to buy Fireweed Zinc and Vangold two months ago, which are up by about 65% since the date of your post. People who are in the right positions with their mining stocks are already outperforming BTC, as I showed here. >>23844994 Nor does short-term noise matter in any event, because the collapse of BTC is going to be almost instantaneous, and, if you aren't one of the few people who has cashed out before then, you will simply lose everything in the blink of an eye. Hubris will only make you much more likely to hold or add to your position and make the crash all that much worse.

>>23841986
because the crypto world does a good job at fucken complicating everything and making it seem a lot harder than it really is.

>>23845806

I told people to buy Fireweed Zinc and Vangold two months ago, which are up by about 65% since the date of your post. People who are in the right positions with their mining stocks are already outperforming BTC, as I showed here. >>23844994 Nor does short-term noise matter in any event, because the collapse of BTC is going to be almost instantaneous, and, if you aren't one of the few people who has cashed out before then, you will simply lose everything in the blink of an eye. Hubris about the recent increase to $15,000 will only make you much more likely to hold or add to your position and cause the crash to be proportionately worse.

>>23842542
no guaranteed drop rate
crypto isn’t a loot box

>>23842717
Later than 2006

t. Oldfag

>>23846013
newfag question that you don't have to answer but what platform do you trade on?

>>23846131
>the timeline doesn't even go past 2012
so being on the website for 12 years still makes you a newfag

>>23846193

If you want to invest in miners yourself, you can buy the ETFs of the producers even on Robinhood (GDX/SIL for the large-caps, GDXJ/SILJ for the mid-tiers). Otherwise International Brokers, Schwab, TD Ameritrade and others will have all small caps available to buy. You simply need something which gives you access to the TSX. ceo.ca is the best site to do research.

>>23843823
I knew about btc in 2013 but and yet that didnt help ...how the fk am I supposed to know that this shit is going to becomes a 20k per piece currency, I didnt understand enough back then(I was 16) and my econ teacher kept saying its just a bubble welp now hes dead and btc is at 15k, life does what it wants, just knowing doesnt help, you have to risk, and actually do it.

>>23843823
spending my time on pol in 2016 is what caused me to miss crypto, more specifically LINK

>>23846356

The average small cap silver miner went up 150 times in the '60s bull market, when silver doubled. As the dollar is going to fare even worse this time than it did in the '70s and '80s, silver is probably going back to its inflation-adjusted ATH, which is $600. Now imagine what the small caps will do. You haven't missed the opportunity of the century by missing BTC, it's still available to grasp.

https://seekingalpha.com/article/4376036-how-to-ride-this-precious-metals-bull-market-to-top

https://seekingalpha.com/article/4367147-silver-miners-shine

https://seekingalpha.com/article/4315726-top-10-gold-mining-stocks-for-2020

https://seekingalpha.com/article/4315151-10-best-silver-mining-stocks-for-2020

https://seekingalpha.com/article/4311495-10-gold-mining-development-projects

>>23844047
I find it funny that people keep insisting on btc having no "intrinsic"(nothing has desu) value while they shill for a piece of heavy shiny metal with no use case outside of electronics(and its replacable in that aspect)

Imi neodyne should be the actual gold because its one of the only irreplaceable elements with insane usecase(in case /biz/lets dont know neodymium is a so called "rare metal" its a very strong magnet used for virtually all electronic devices - china is in full possession of the african mines that still have some btw)

>>23846443
Let the boomer ramble. He'll learn his lesson when his shiny rock drops to the value of a regular rock just like the diamond market died with Millenials.

>>23846434

Oh yeah thanks for the
positive energy I feel the same I just wanted to clarify the fact that knowing about something isnt enough you have to do it and stand by your decision for years and almost no one would have done that with all the ATHs it reached.

(((BTC))) is literally designed by them, let me explain why. The 1% call your bull run, the wealth transfer the money you are making through crypto are the crumbs that are falling from their table. The tokenisation of assets is designed so the can own even more, they will just change ownership laws. Problem, reaction, solution the Hegelian delectic.

>>23842542
Because you don't understand why this is important until around 25 years old at least and have been demoralized by the work force and thought about money. Zoomers are younger and content eating bagel bites and playing fortnite right now

>>23846486
I learned somwthing very important in life, from boomers and our parent generation in general (50-60 yr olds +/-5) we can learn general lessons, but never specific ones. Most of them dont understand all the newer intricacies of the reality we live in, they have experience and it is valuable experience...but all you can take from it are general, vague, lifelessons.

>>23846582
I agree

>>23842024
This. Zoomers amd Millenials are brainwashed slaves.

>>23846528
Come on man why would btc be a jewish cbcd plot, if anxthing then the opposite, someone very smart figured out the root of all problem and inventented this insane technology and brought us closer to the concept of decentralization. Btc shows us what is wrong with the world, its a message in form of functional code, and not (((their)))(or whatever) plan.

>>23846635
Boomers too the gen before too, the second you enter a education 'system' you are 'brainwashed'. Its a logical consequence of mass communication.

>>23845602
have fun using gold on the internet digital illiterates like you is the reason we have bloatware everywhere, you can't compute with your brain that the digital is the future of humanity, gold has no use in the digital world, everyone that won't die soon has a computer, gold isn't even a desirable money since it's tied to industrial usage which can drop or change depending on new discoveries and techs, also don't try to rationalize things you don't remotely understand, in 30 years when everything is digital and automated you will beg for a small chunk of bitcoin to pay your food except no one will want your metal and you will die of starvation during the trip to the gold exchanger

>>23846837

See >>23845803. The digital world only makes gold a far more efficient means of exchange than ever before.

>>23846894
no lol because it requires you to trust someone get that in your small brain

YOU DON'T SEND PHYSICAL GOLD THROUGH ETHERNET PIPES NOR HAVE IT IN THE DIGITAL FORM UNDERSTAND GRANDPA?

>>23841986
Because the majority of the population doesn’t think for themselves and subconsciously rely on the MSM to formulate their world views for them. There’s no hope for them. You can lead a horse to water but you can’t make the horse drink it.

>>23843791
Didn’t read, fuck off gay faggot

>>23842603
hi argy

how are your miners doing since august? shitty? lol

>>23841986
millennials have like 3+ of the global wealth?

>>23845963
>Be you
>The truth does not matter
>believe in some exotic God and religion, just because being a cringy edgelord sounds so cool
Pic related is you

>>23841986
Zoomers are more interested in Tiktok memes and mind numbing games than some difficult to grasp nerd money. They won't watch 40 minute youtube tutorials or read some autistic bitcoin articles about austrian economics and the Fed. They'd be more upset at Tiktok ban than if the government decided to ban cash. They probably wouldn't even notice. Zoomer generation will be completely quarantined inside their little big tech app ghettos and unaware about anything else and they will like it.

>>23845803
>You can do everything you can do with Bitcoin with Gold of you let your gold be stored by a single company give it full control over it and convince other people to trust their gold to that company and let them act as if you'd actually move the Gold to each other like Bitcoin

Holy shit the length Boomers will go to give their shiny rocks relevance. Why the fuck would anyone who is not a 50+ year old afraid of technology ever do this

Millennials grew up with the internet when it became mainstream/accessible but none of them understand how it works. This is why there are a bunch of stupid people over sharing every detail of their lives on normie sites like Facebook and Twitter. They only hopped online when it was scrubbed clean and spoon-fed to them.

Same with zoomers. The will only enter crypto when they can buy BTC off Apple Pay and use it to buy Valorant cosmetics.

>>23846894
not your keys dumb ass
>Executive Order 6102
>Forbidding the Hoarding of Gold Coin, Gold Bullion and Gold Certificates
can't do that with a decentralized network.

Most zoomers know that fiat is a scam but they're poor. Zoomers are around 18 years old they aren't pumping your bags with their three digit portfolios retard. How the fuck has noone else mentioned this? Biz is garbage nowadays

>>23848008
old people are dying, inheritance is being passed down

>>23841986
they all are ballsdeep into btc

however their net worth is not significant

>>23847678

Companies like GoldMoney are simply interfaces, when you buy gold with them it is held in your name in a private vault. Doesn't matter if GoldMoney or BullionVault or any other such company goes bankrupt. Your allocated or segregated bullion is your private property forevermore. If you hold bullion in a Swiss vault it is perfectly safe. Switzerland could not even be invaded during World War Two, upholds the rule of law, and has never confiscated gold.

>>23847872

Overseas bullion has never been confiscated. Mining stocks were not confiscated either. Homestake Mining, the ancestor of Barrick Gold, which Warren Buffett recently bought, went up 6x during the Great Depression.

>>23841986
Fiat money isn't so bad. Only shithole countries wreck their currency through inflation. BTC doesn't really offer all that much better. It is new, and better, but not by a significant enough factor. Any time a new technology is invented it needs to be at least twice as good as the old tech for it to gain mainstream adoption and Bitcoin isn't there.

>>23841986
Because after Mike and Gavin left, bitcoin became just another shitcoin designed to make Blockstream rich. Once you learn this you realise that Bitcoin is a scam from its foundations up, and most other crypto (with a few exceptions) are the same.
https://www.youtube.com/watch?v=XfcvX0P1b5g

>>23848063

>>23844422
A bigger block size, otherwise it will never become mainstream.
>Wanna pay someone?
>Sorry the network is congested, it'll be a $5 fee and you may have to wait 6 hours.
You wanna know what Bitcoin shills switched from 'the new decentralised money' to 'btc is a store of value'? Because vested interests don't want Bitcoin to become widely used. They want to pump the price to make themselves rich.

>>23848225
thanks anon you just convinced me to go all-in on NANO

>>23848166
Just found out about this guy. So this is the guy whose cock the Boomer keeps sucking. Reading up on this guys idea of value is hilarious thanks for the laughs.

I'm now 1000% Gold will actually crash to 0 in the foreseeable future and be recognized as scam just like Diamond Rings are now. Thanks for this

>>23848359
The more I read up on this guy the more I'm convinced is he knows he fucked up and Gold is dead but because Gold is his entire personality he can't back down on it and he needs to use his son to hedge against his own fuck up

>>23848931
Its been too long, I dont think he can walk back on Gold. He'll probably end up promoting some sort of erc20 gold eventually. But hes fudded so long and roped in so many delusional gold bugs thered be too much backlash if he ever promotes bitcoin.

>>23842263
Already happened.
Won't happen again.

XRP the standard

>>23845803
>as small a fraction as a satoshi and send it digitally. You can buy a cup of coffee with a gold-backed credit card.
So you can use gold by not using gold?

>>23842024
>>23842542
Zoomer here can confirm

>>23841986
because bitcoin is just numbers in a digital ledger. at least stocks are companies that pay dividends, and at least silver coins go "clink!".

>>23842024
fpbp

>>23841986
Communist shill thread

Execute all social engineering shills

>>23842603
>controlled by Blockstream and the banks,
True.
Monero is the real Bitcoin now.

>>23842914
> Fidelity
I wonder if Peter Lynch would have invested in Bitcoin.

>>23841986
Normies are faggots and can go to fuck themselves. This includes you OP, go back to twitter, big faggot.

>>23843823
It's hindsight bias. BTC still has room to grow though so keep stacking.

>>23843000
you'll be able to in a few weeks on deus.finance

>>23841986
oh but i am
t. zoom zoom

>>23841986
There are people with giant stacks of BTC that they got either for free or paid only a few dollars for and you want people to keeping buying as it pumps to 100k+

You really think this is a better system than USD?

>>23841986
Feees, transparent coin.

>>23852963
Thing is, some people who buy Bitcoin will do it at any price, simply because it's a better alternative than what they currently have. Look at Venezuela. Even at the it's most volatile, Bitcoin was a more stable currency than the Venezuelan Bolivar. People in Venezuela will always use Bitcoin over the Bolivar of they are able too. The thing Peter Schiff and the Boomers that follow him don't understand is that Bitcoin isn't bought because it's a speculative asset like Gold where people buy it only because they know someone else is gonna buy it for that price too. Sure it's. A major factor in driving the price to crazy heights, but the underlying value from Bitcoin is the universal accessibility no matter how corrupt or broken or communist your country is. It will always be used as a currency as long as there is a Fiat currency worse than it. And one by one Bitcoin will eat one currency after another, Euros and Dollars are just the last in that line. It's why it's so hard for a western Boomer to understand why someone would use Bitcoin over their current currency

>>23842263
I am not dumping on them, we are not escaping from the keynsian prison, we are bringing it down.

>>23842603
Glowing

>>23844165
Marxist theory of value has brainwashed society

>>23843462
Came from an old part of the Matrix- tier 4 city in a third world. People are poor, but happy. Corruption is there- roads are not shiny, but people are happy. There is community, people still practice music as a family. They do fight and all other usual shit, but they are much much happier. No pressure for 500K mortgage, mostly leave in their ancestral homes. Traditional wives, feminism started to creep in; they are doing side hustle from home. No pressure to be VP OF SHITBox, they are contended to be a high school teacher in physics and teaching kids privately for money. This alternate traditional life is being shattered by Jew Western TV. BTW, they are very spiritual, spiritual rituals are part of daily lives.

>>23842542
Boomer is a mindset, zoomer

>>23853715
Boomers don't understand because they accumulated capital during hard currency and the fiat era pumped their asset so they benefited from both eras without even knowing what happened.

Wtfhappenedin1971.com

>>23853795
Not gonna lie this sounds comfy.

>>23842902
>he hasn’t yet heard of FEDcoin
>he doesn’t realize his entire financial life will be mercilessly tracked and any dissidence (((punished)))
>still thinks his meme bags will be relevant under this system
anon i.......

>>23841986
Because maximalism is a meme.


$50 Amazon Gift Card (Free & Verified)


https://twitter.com/tjeezyyy/status/1325751889934209024?s=19


I'm doing a minimum $50 giveaway every episode and as sponsors increase so will the prize amount. Something big planned for Episode 10.

All draws verifiable thanks to Random.org's third-party paid drawing service and made readily available.

You are missing out.

>>23842968

Same 99%

>>23843018

FFS I wish American's could set up an account with FTX. I want to use the shitcoin index so bad.

>>23842024
also zoomer here can confirm
people are against their best interests to a completely suicidal degree, do you think someone who trusts the news is going to make good financial decisions?
you kinda get a biased sample on 4chan but people are fucking retarded at the best of times

>>23846427
you deserve that

>>23847423
Up 100% on my silver mining portfolio and this is just the beginning

>>23841986
Normies won't know until CNBC tell them. Wait a year or two. 2023 should be big, but we'll all hade made it by then assuming you hold non-garbage.

Tomochain will be huge.

>>23842603
My sides

Nobody is interested in using BTC as a currency, because it's useless as a currency. You're just hoping for adoption so price pumps and you can retire.
Classic ponzi-schemes, those always fail.

Replace 1 imaginary currency for another

What kind of world are you folks living in? No one and I mean absolutely 0% of world population will ever surrender a dust of gold for bitcoin.
The entire crux of memecoin is that other people will take it up instead of fiat. No one will. Its too risky. Avg person dosent understand crypto. Fuck adopting it as currency. If crisis arises people will run to gold. The commodity people agree on having value is money. 99.9% folks will run to gold in a crisis. People decide what is money. Not iq fags on a business board.
Considering china hoarding gold, if they turn to a digitised currency they will form a gold-backed crypto. "Gold" is still what is giving it value.
What you people fail to realize is one natural calamity is all it takes to take out internet service in a country. No internet service : no meme coin transactions.Guess what people will run to again : GOLD

>>23855398
See >>23853715

It's not something of "If" it's happening. It's already happening. 99.9% of the population can't even access Gold, let alone in a crisis. Bitcoin is the commodity that everyone, no matter how bad your crisis can use

>>23853715

People in Venezuela use dollars, not Bitcoin. When the reset happens, the dollar dumps, and Russia and China issue gold-backed currencies, people in countries like Venezuela will use rubles or yen or anything else which is credible instead. BTC is not only unnecessary, but worthless to people in second- and third-world countries, because it can't be used as a medium of exchange.

>>23849943
>>23848931
>>23848359

Peter Schiff is one of the most principled men in the world. Always stuck to his economic theories, (and was proven right about them,) in spite of everybody else being completely against him except his fellow Austrians. Rightly predicted the Dotcom bubble, the Housing bubble, told people to buy gold at $200 (it recently reached $2080), correctly predicted that the Fed would never be able to raise interest-rates, which it proved in late 2018. Advocates for free markets, anti-socialism, and liberty every single day of his life. Just like his great father, who died as a political prisoner for his belief that the income tax was unconstitutional. The whole family are benefactors to mankind.

https://www.youtube.com/watch?v=PldyfV8QBcA

>>23855648

It's no more difficult to buy Bitcoin than it is to buy the GDX or Sprott's PHYS and PSLV on the stock market with Robinhood. (Never buy GLD or SLV, by the way.)

People are going to keep learning about the ridiculous potential of mining stocks, the fact that penny stocks regularly went up hundreds of times in prior PM bull markets, and that this is going to be the greatest PM bull market in history.

>>23853715

People in Venezuela use dollars, not Bitcoin. When the reset happens, the dollar dumps, and Russia and China issue gold-backed currencies, people in countries like Venezuela will use rubles or yen or any other currency which is credible instead. BTC is not only unnecessary, but worthless to people in second- and third-world countries, because it can't be used as a medium of exchange.

>>23849943
>>23848931
>>23848359

Peter Schiff is one of the most principled men in the world. Always stuck to his economic theories, (and was proven right about them,) in spite of everybody else being completely against him except his fellow Austrians. Rightly predicted the Dotcom bubble, the Housing bubble, told people to buy gold at $200 (it recently reached $2080), correctly predicted that the Fed would never be able to raise interest-rates, which it proved in late 2018. Advocates for free markets, anti-socialism, and liberty every single day of his life. Just like his great father, who died as a political prisoner for his belief that the income tax was unconstitutional. The whole family are benefactors to mankind.

https://www.youtube.com/watch?v=PldyfV8QBcA

>>23855648

It's no more difficult to buy Bitcoin than it is to buy the GDX or Sprott's PHYS and PSLV on the stock market with Robinhood. (Never buy GLD or SLV, by the way.)

People are going to keep learning about the ridiculous potential of mining stocks, the fact that penny stocks regularly went up hundreds of times in prior PM bull markets, and that this is going to be the greatest PM bull market in history. They will see how undervalued they are, how overvalued these digital tokens with billion-dollar mcaps are by comparison, and an exodus will take place.

You're right anon
From this day forward
When in need of transfusion
I accept only FUSE
And that's that

>>23855839
There is so many cocks to suck why suck the cock of a guy who's been wrong 12 years consecutively on a row.

>People in Venezuela use dollars
No they use Bolivar. And any Venezuelan that made the switch to crypto will never switch back. Crypto got so dominant in Venezuela the government tried to create their own commodity backed crypto (oil not gold but basically your idea) but to no avail. People don't give a shit about commodities that are controlled by the government if the trust is gone. People only care about Bitcoin because it's absolute

>It's no more difficult to buy Bitcoin than it is to buy the GDX or Sprott's PHYS and PSLV on the stock market with Robinhood
You're thinking western. Your account can be suspended, the company can stop it's service or they might downright refuse you as a customer. Robin hood is only available to Americans. To get a Bitcoin you just need a graphics card. That's the decisive advantage Bitcoin has. Pure accessibility. You completely underestimate how restrictive the financial world is to 99% of all people

>>23848359
>I'm now 1000% Gold will actually crash to 0 in the foreseeable future and be recognized as scam just like Diamond Rings are now.

You are, perhaps, the biggest retard on /biz/

>>23845803
the most retarded take i ever read. holy shit

>>23855265
except it is decentralized, it is more ecenomy friendly and it is based

>>23856164
>To get a Bitcoin you just need a graphics card.

And access to the internet, which is entirely centralised. Pretty important point to consider

>>23841986
Our generation are unironic communists, so they know fuck all about money

>>23842024
Based and /yet/ being the key word, meanwhile institutions are front running each other to accumulate hence the lack of sellers now

>>23856164
Imagine being a gold cuck and listening to a jewish gold merchant about what you should invest in.

>>23842603
https://decrypt.co/47813/bitcoin-gold-cannot-coexist-microstrategy-ceo?amp=1
Schiff goldcucks are literally seething

>>23856353
Ah yes, the centralized internet. Ever since that happened my drugs have been way cheaper to buy. It's past your bedtime boomer

>>23843172
based, especially the looking backwards not forwards comment. The average Joe is always stuck in the past, an old event while forgetting about the future

>>23856390
I read that and didn't find a single argument,

>>23843889
This, not to mention how easy it is to counterfeit and how difficult, expensive it is to buy and store, bullion dealers and miners are absolute parasites thatve killed precious metals and ensured it’s doom . Any narrative that makes good move up, bitcoin will move up higher, faster. 10T market cap vs 200b

>>23843846
>BTC has no intrinsic value
Let me sing you the song of my people, retard.
https://www.youtube.com/watch?v=Hmb67iRzrMo&t=151s

>>23842603
Faggot
>>23842902
Faggot
>>23843846
Faggot
>>23844994
Faggot
>>23845602
Utter faggot

Oh shit it's the same person

Don't bother arguing. I guess he thinks nobody wants to hold a personal bank in his pocket

>>23856413
If you're referring to the darknet as an example of how decentralised the internet is, just look at how dysfunctional the darknet currently is and has been for over a year now. Markets are barely operating.

The internet is incredibly centralised and it's infrastructure is at the mercy of governments. If you can't admit this you are just burying your head in the sand

>>23856426
It’s not an argument, the proof is in the pudding since inception btc will continue to outperform gold and Jesus silver, you guys shilling that shit have financially destroyed anyone who’s listened. Silver is an industrial meme metal, gold has a place in a portfolio at a few %, tops cause it underperforms. I notice now these shills are pushing miners while also being doomers, so things are grim but their paper mining stocks will surely survive, not in your safe then you don’t own it but you guys will morph and change to any narrative to try and make a buck as your metals are failing.

>>23856493
That's right that's how China successfully banned Bitcoin

Oh wait

>>23842542
Because zoomers are too young to care about financial freedom, i didnt give a shit about it until i wake up one day in my early twenties and realized that im wageslave.

>>23841986
You’re right. People are incredibly stupid and don’t realize that money is at the root of their problems.

Every time I see a political protest I think “why dont they just bitcoin?”

Silver can never succeed simply cause to store it you simply need 80tons to compare to 1 Ton of golds value, the space and security needed is ridiculous. Then you see the future that comes from bitcoin vs gold, 1 ton of gold that needs 24/7 security, costs millions to move around, can be easily stolen during a time of war or a paper wallet . This is a big deal

>>23856529
>I notice now these shills are pushing miners while also being doomers, so things are grim but their paper mining stocks will surely survive

During the great depression, the biggest gold miner went up 500% while gold doubled. Small cap miners soared. During the previous metals boom of 2000-2011, many small caps went over 100x.

You simply have no idea what you are talking about and are emotionally very invested in suppressing anything that challanges your worldview

>>23856588
This because the gold:silver ratio is 77:1. Historically it has been an average of 15:1. If will and is returning to the that now.

Gold is expensive to move around because it is actually valuable, and physical. Bitcoins are numbers on a screen.

>>23841986
As a zoomer
1.Most zoomers are unironical socialsists who do not understand fianace/economy
2.Zoomers spend money on dumb shit for instant gratification.

>>23856753
Gold return today if I’d bought a decade ago and held to today. +20%, hasn’t beaten inflation
Silver if I’d bought a decade ago and held I’d be -50% so with inflation I’d be finished
Bitcoin let’s not even mention the return, that said I hold more Psychical gold and silver then you, but yes crypto is the opportunity of the century. Gold has too much inflation so you’re still consistently losing decade on decade until your purchasing power is destroyed. The higher the price goes the more gets pulled out of the ground. The higher the inflation

Nobody cares about junior mining stocks dude, keep your speculative paper shit which has no place in a conversation with btc and gold. Both are intended to be assets you physically own and control.
Embarrassing you precious metal cucks even support the miners which continue to dilute your investment everyday

>tthe year is 2030
>got paid this month
>$100,000 per month
>80% goes to income tax
>it's for a good cause to bailed out boomers enoying their golden years enjoying their pension
>one day I can buy that condo, it only cost $200 million
>interest rate is -2%.
>It's better than the -2.25% last quarter

what's the price of Bitcoin in this scenario?

>>23856753
shove your jew metal turds up your ass

cause we cant use it down the shop to buy bread obviously

>>23857041

>crypto is the opportunity of the century

It _was_ the opportunity of the century if you got in before the bubble reached its peak. BTC has an mcap in the hundreds of billions now, the upside potential is minimal. Even Chainlink has an mcap which is higher than that of First Majestic Silver, which is one of the largest and purest silver miners in the world. As fiat currencies are destroyed, junior mining stocks with sub-$200-million mcaps are what are going to offer hundreds of times returns, as they always have done in PM bull markets. They are the true opportunity of the century.

>Gold return . +20%

Even physical gold went up 25x in the 70s and 80s bull market, and this one is going to be far greater. The 70s and 80s bull market happened because people feared the dollar was going to die; this time it actually is going to die.

>>23856164

>People in Venezuela use dollars
>No they use Bolivar

Again, no, they don't. Venezuelans preserve their wealth in dollars, and treat that as the legitimate currency. Nobody in Venezuela converted their Bolivars into BTC to preserve them, and nobody in Venezuela (or in any other country for that matter) uses BTC as a currency. It's literally impossible to use BTC as a currency.

> Your account can be suspended etc

Doesn't matter if a broker suspends your account; you still own your mining stocks as your property no matter what. I said Robinhood to demonstrate how easy it is to buy mining stocks, I'm not an American either. Besides, it isn't difficult to buy physical gold and silver if you want zero counterparty risk.

>To get a Bitcoin you just need a graphics card.

Most people will only ever buy cryptos on the exchanges, which are absolute disasters simply waiting to get hacked or raided by governments once crypto is banned. And if your average person does take his crypto off the exchanges he is in severe danger of losing it to memory loss, a mistake, a hardware failure, etc.

>>23857089
7.3 million and it's not a scenario it will happen screencap this.

Also for faggots reading from the future in the archives

you had 12 years faggots and for those too young to accumulate i am truly sorry we tried to prevent this we really tried.

>>23857089
>>23857192
Also the condo won't be 200 millions because keynsians like pickety and the world economic forum will put wealth taxes on most governments by then, cryptochads will move to better jurisdictions while welfare states follow the fate of third century rome.

>>23841986
all the shitcoin scams confused people and diluted interest from the king.. when a normie millennial or zoomer hears about it, they are introduced to "crypto" not the real king or why it matters. You average redditor isn't going to read books on Austrian economics, so they think of crypto like a pajeet web developer would view it or something. They latch onto shitcoins hoping for short term gains (because after all they are products of our high time-preference society), get wrecked, scratch their heads about what it is all about anyways because apparently nothing is being "used" like a webapp would.... And those were just the few normies who had their interest peaked enough to look into it for awhile... They lose interest and tell others their jaded opinion setting the reputation for "crypto" as a whole.

tldr: Shitcoin-nihilism distracts plebs.

I typed this comment before reading any others, and I see that some anons more or less are describing the same thing if in a slightly different way or angle such as: >>23856781

>>23857162
so wrong but who cares wether you buy or not you simply don’t deserve btc

Anyone fucking with $INJ will be elated now seeing the project got featured on Forbes, Injective is a billion dollars #DeFi project, tap into that. Hodl $INJ

Free ourselves.. what if it turns out that the kikes hold the satoshi wallets?

>>23855648
>Bitcoin is the commodity that everyone, no matter how bad your crisis can use


Unless that crisis destroys a power grid

>>23857932
You don't need power to use bitcoin

>>23841986
>First you feel sorry for them
Then you want to help
After that you just want to dump your bags on them.

Tried numerous times to help people getting started with crypto, but creating a cuckbase account is already too much effort. Be happy that you are ahead of them anon. I can't wait to rub my gold plated nuts in their faces next bull run. I hope you do the same.

>>23857162
After how many years and at which price would you stop calling Bitcoin a bubble? Cause after 12 years of being wrong it's just getting pathetic.
Especially with you shilling Silver, an asset that HALVED in value over the past ten years and everyone who got scammed by you realizing a a shit and useless asset precious metals is. Gold will be the same. It's fundamentally not different from Silver and has the same problems and devalue in the future too. In the end it is just a shiny rock that only holds value as long as Boomers believe it.

>Imagine buying the bags of a Jew that is accumalating Bitcoin RIGHT NOW while selling his rocks to you.

>>23857662
Even if the largest wallet in existence right now that belongs to Satoshi Nakamoto himself were to suddenly move, it's only 100k Bitcoin. That is 0.47% of all existing Bitcoin. Huge fucking amount if you expect Bitcoin to reach the size of global economy but it's miniscule compared to the Gold Jews hold.
Bitcoin is generated and distributed through mining. 900 Bitcoins are generated per day. That means even though we are on the third halving already after 100 days a full Nakamoto wallet is being generated
The most amount of Bitcoin are also lost for eternity, so the huge 10k wallets are all inaccessible. People don't realize just how decentralized Bitcoin is

>>23857991
You do, but even if the entire Network were to collapse, all it would take is a reboot for it to work again. The ledger doesn't disappear, it can only be paused

>>23841986
btw good post op some good discussion here way above the average poltard or ledditor.

>>23858290

BTC was always a bubble, just as the South Sea Bubble or Dotcom Bubble were always bubbles, despite the fact that you could have made 100x your money by gambling on them. Point is, at a 400 billion mcap the BTC bubble has so little upside potential as against the downside risk that it is pointless to gamble on it. As I pointed out in an earlier post, who is going to bother buying BTC at this point, and betting on the mcap doubling to $800 billion, when the largest gold miner in the world, NEM, is just as good as an alleged inflation hedge, has only a $50 billion mcap, and pays dividends? Much more likely to quadruple to, say, $200 billion than that BTC will double to $800 billion. Especially when you know that BTC has no use case, is completely worthless as a currency, and goes up sheerly on the basis of speculation; whereas miners are fundamentally sound.

> Silver HALVED in value over the past ten years etc.

Silver went from $1 in the '60s to $50 in 2011, was an excellent investment if you got in before the absolute peak. When it returns to its inflation-adjusted ATH of $600 in this bull market, it will yield a 30x return. As for silver miners, they went up hundreds of times in previous PM bull markets. I showed in a previous post that many of my silver miners are already up 10x, and we are simply getting started.

>In the end it is just a shiny rock that only holds value as long as Boomers believe it.

Russia, China, and all other enemies of the U. S. are accumulating gold to back their currencies with when the dollar dies. I don't even know of any "boomers" who buy gold, the boomers all seem to be infatuated with all the MSM-endorsed propaganda about Bitcoin without having the slightest knowledge of all its problems >>23842603. Can't be used as a currency; is controlled by Blockstream and the banks; requires second-layer to function, which would track and trace everything you do; the tether scam; etc., etc. The thing is an absolute joke.

>>23858377

Less than one fifth of the gold in the world is controlled by central banks. Almost all of it is in the hands of private individuals, especially in the form of jewellery. BTC is completely controlled by Blockstream, inasmuch as it will require their second-layer solutions to function, because Blockstream has neutered the block-size and made it useless as a currency. And Blockstream is demonstrably owned by the Bilderberg Group and the banks. >>23842603

>>23858497
You could have saved that breath and just say that you'd never admit it no matter what price Bitcoin reaches and how long it will keep soaring.

https://youtu.be/XbZ8zDpX2Mg
You are arguing this but unironically.

What market cap potential Bitcoin still has?
You're arguing Bitcoin can't grow because Bitcoin has too big of a Market cap at 227 billion (dunno why you already think Bitcoin doubled, it hasn't yet)
Gold has market cap of 7.8 TRILLION. The arguments you use make Gold and even worse investment. When Bitcoin overtakes Gold's market cap a single Bitcoin will be priced as 500,000$.
And it doesn't even stop there. Aside from swallowing Gold, Bitcoin has more growth potential not only as Store of Value but as currency. Fiat Money is estimated at 34 Trillion. Stocks at 67 Trillion. Bitcoin still has nearly infinite space to grow into and you haven't seen Bitcoins growth coming at 10 bucks, at 100 bucks or at 1000 bucks and now you're in denial AGAIN. And you yourself admitted that no matter how many times you're wrong you'll never be wrong about Bitcoin.

>>23858497
$600 silver, Jesus anon you may actually be retarded and I hold over 30kgs of silver, 105 by 2030 will be a push. Go out and ask 100 people if any of them have a crypto wallet to send ethereum to, if one answers yes I’ll be very suprised “no upside” enjoy your paper stocks. Bitcoin is superior to gold in every way and this is why you’re here arguing, guy who owns a candle company calls electricity a scam

>>23858709
https://www.youtube.com/watch?v=Cw29h7LhEuE

>>23858709

Hypothetically speaking, it wouldn't matter to what price BTC attained in determining whether it is a bubble. Just as, hypothetically speaking, the NASDAQ could have been 3x or 4x higher in the Dotcom Bubble and still have been a bubble. But I have additionally maintained that, on the basis of its broken fundamentals, along with its 400-billion-dollar mcap, and thus its limited upside potential as compared with its great downside risk, BTC doesn't have much higher to go (when priced in gold and silver, not fiat).

> arguing this but unironically.

People were making videos like this when BTC still had a minuscule mcap. It was still worth gambling on and holding then. Has nothing to do with the situation as it stands today.

>Gold has market cap of 7.8 TRILLION.

Gold is a store of labour, not a way to speculate on making money. Although I believe that even gold will go 5x-10x higher in this bull market. If you want to make truly enormous gains, you go to the mining stocks.

> Bitcoin has more growth potential Fiat Money is estimated at 34 Trillion. Stocks at 67 Trillion. etc

Bitcoin won't be replacing the purchasing power of stocks and bonds, gold and silver will be; your enthusiasm for the gains to be had once fiat dies ought to be transferred to them. BTC is worthless as a currency, so it is literally impossible for it to replace fiat. Russia, China, etc., are ready to pull the rug out and issue gold-backed currencies, >>23842902 and those are what people will demand when the dollar dies. No person or country will trade their valuable services and commodities in exchange for a broken internet token which neither stores value nor accomplishes any purpose.

> you're in denial AGAIN.

Don't think you appreciate how many people who believe in gold used to believe in Bitcoin. Peter Spina sold all his BTC at $15,000 to buy mining stocks, and it was the best financial decision which he ever could have made. Who was in denial then?

>>23858882
At this point you are operating like a clockwork. You're repeating your arguments because very clearly they were programmed into you. It's no point to break your conditioning, Peter Schiff will dump his bags on you while he gets rich with his son buying Bitcoin

>>23858882
If gold goes 5-10x higher and of course it won’t, it’s been a dog investment the last decade even during a bull market in stocks it hasn’t outperformed inflation and silver has been destroyed. Then bitcoin would go more like 30-40x conservatively in that time due to marketcap, golds rekt cause miners will continue dumping, so so many more miners would come online at 5k gold that the inflation would just be absolutely terrible, gold does not preserve purchasing power. It beats fiat sure, but doesn’t beat btc. More miners can come online to secure the network with btc, but the rewards and inflation don’t change. Nobody can know the current inflation on gold and silver

>>23858831
https://youtu.be/-hlN2nel5HI

>>23850797
Satoshi wanted smart contract ability too though

Monero doesn't do any of that... and Tari is lacking development

>>23859020

>If gold goes 5-10x higher and of course it won’t, it’s been a dog investment the last decade even during a bull market in stocks it hasn’t outperformed inflation and silver has been destroyed.

You fail to appreciate economic cycles and the reason why people buy gold. It went up 25x in the 70s for a reason, just as it is going to go up 10x or higher this time for a reason. We have gone back to a financial environment of negative real yields on treasuries. That is going to cause people to fly into gold as a matter of necessity in order to preserve their purchasing power. This is not 2011 any more, when nominal yields were still 5%.

>even during a bull market in stocks it hasn’t outperformed inflation

The Dow Jones is up 3x since 2000. Gold is up 6x. So according to your mistaken idea, the Dow Jones hasn't outperformed inflation either.

Anybody who dumped their BTC to buy gold, silver, and mining stocks during the 2017 bubble has vast outperformed the people who are still holding BTC.

>>23859020
You quite literally have no idea what you are talking about

The giveaway is when you desperately claim to 'have more physical gold and silver' than me, which you think will somehow give weight to your baseless arguments. This isn't one of your pump and dump threads, we have the ability of critical thinking.

Gold and silver are scarce non renewable natural resources. Particularly silver which is placed on the EU's list of 'high risk NRNRs'. Their supply only ramps up during bull markets of the underlying commodities where they become incredibly profitable to mine, so huge investments are made into the sector, and, well, a 'gold rush' begins. Once the bull market is over(yes, markets are cyclical) the price of the miners and commodity goes down and returns to equilibrium.

>>23859043
https://www.youtube.com/watch?v=jq57BjBVq7o

:)

>>23859273
The problem with gold is that they can create unlimited paper supply to put the price down.

They tried to do that with bitcoin in 2018 and march this year and the market price always returns due to people doing international transactions increasing the demand for the real thing.

>>23859304

In the case of BTC, the bankers print paper to push the price up (tether). In the case of gold, they print paper to push the price down (the COMEX). When the fiat ponzi scheme collapses soon, it is BTC that will be going to zero without anything more to prop it up, and gold which will be going to unprecedented heights without anything more to press it down. You are buying an alleged hedge against a system which requires that very system for its existence.

>the market price always returns due to people doing international transactions increasing the demand for the real thing.

This is a falsehood. People don't transact with BTC. Nobody uses BTC as a currency.

>>23859304

In the case of BTC, the bankers print paper to push the price up (tether). In the case of gold, they print paper to push the price down (the COMEX). When the fiat ponzi scheme collapses soon, it is BTC that will be going to zero without anything more to prop it up, and gold which will be going to unprecedented heights without anything more to press it down. You are buying an alleged hedge against a financial system and yet it requires that very financial system for its existence.

>the market price always returns due to people doing international transactions increasing the demand for the real thing.

This is a falsehood. People don't transact with BTC. Nobody uses BTC as a currency.

>>23859234
Cherry picked figure, last btc top to a relative low on metals. I’m not here to convince an idiot because 1) I have more money then you, B) I have more bullion then you, C) I have more crypto then you and D) crypto will outperform you, again. I’ve made near 300x gains since 2015 so enjoy your 5-10x paper miners or whatever you kids do to get excited as the actual metal underperforms inflation, again. your ignorance will be why I continue to outperform you for the next decade, go join Peter schiff and scream at clouds, least he makes money from dumping bullion at a premium.

>>23841986
>escape the corrupt world of banks and boomers
>got to the corrupt world of exchanges, chinese miners, Tether manipulation and high fees

Both pieces of shit.

>>23859373
You are basing your theory on the marxist theory of value so you are wrong.

Supply and demand is all that matter and tether is a meme created by bobos.
tether is used by institutions to buy without kyc and daytraders to hedge between trades without reporting shit to kyc institutions.

>This is a falsehood. People don't transact with BTC. Nobody uses BTC as a currency.

https://bitinfocharts.com/comparison/transactionvalue-btc-eth.html

avg bitcoin transaction is 109k usd i am living under capital controls and bitcoin is literally or swift system.

Do your research.

>>23859402

I've almost never met a modern BTC-holder who isn't an aggressive triumphalist. "Hahaha, you're going to be poor, you're an idiot," etc., etc. It's the classic sign of a bubble. Your lack of confidence in your own beliefs is what causes you to express yourself like this.

>>23843389
THIS, Bitcoin maximalists are a bunch of fuckers. They just want a pump to 1 million, and dump for Fiat.

>>23859428
you get a certain swagger when you’ve held an asset through 80% drops anon and that’s assets made you a multimillionaire, goodluck with your stocks and your soon to be 100T gold market. Lol

>>23859428
If you get the game theory then you would be triumphalist too.
The technology is not the revolution here , the game theory behind it is what' impresive and revolutionary.

It unironically uses the same game theory than gold but with the plus of allowing to be transferred anywhere and not being seizable.

Gold literally uses proof of work since all gold transacted had to be extracted via work and miners sell above base cost as bitcoin and since it has low inflation it goes up relative to fiat.
Bitcoin is the same but better.

>>23859426

Deso, who has spent years investing this, explains exactly how the tether scam functions in these videos.

https://www.youtube.com/watch?v=bFVK9SxKR5c

https://www.youtube.com/watch?v=qzDjJ-SrojY

BTC pushes up tether and tether pushes up BTC; when BTC falls tether will fall and BTC will fall in turn at breakneck speed. Tether is completely unaudited and the market cap has been increasing to ludicrous heights ever since March of this year.

>>23859447
Quite the opposite nobody wants to sell their bitcoins since they already have lower inflation than fiat or gold.
The last argument was muh miner capitulation and the opposite happened since the halving.

>>23859373
>People don't transact with BTC. Nobody uses BTC as a currency

This is the actual and factually verifiable falsehood though, why do you keep claiming this?

https://coin.dance/blocks/transactions

>>23859487
I see. They just want then to get rich easily by others pumping the price for them.

>>23859447
Most bitcoiners have borderline religious conviction these days. You are much less likely to get dumped on by bitcoiners than any other coin, in fact it tends to dump the least during bear markets. The entire culture behind bitcoin is about hodl and stacking sats

>>23859518
Yes and those others are central banks inflating the currencies

More fiat in circulation vs less bitcoin in circulation makes bitcoin pump.

Basically the same shit boomers did for 49 years by buying real estate and then inflating the currency thus increasing their wealth by having their asset price going up.

>>23841986
New lurker, if I had $5000 to invest in BTC or other coins, what would be the best play?

>>23859469

>allowing to be transferred anywhere and not being seizable

BTC has no intrinsic value to store, nor any value as a currency, so it doesn't matter that it can't be seized. There's no value to seize. As a matter of fact it does get seized when you attempt to cash it out for fiat, which is the only way in which you can make substantial use of it in the real world. Gold can be transferred anywhere as well, whether by means of a gold-backed crypto or gold-backed paper currencies, as explained in an earlier post. And as Switzerland wasn't even invaded during WW2, upholds the rule of law, and has never confiscated gold, anybody who holds gold in a Swiss vault can feel assured that their money is safe from seizure.

>>23859518
Many Major wallets untouched since btc was in the single/double digits, now it’s at ~16k, they’re still not selling. What’re they waiting for?

>>23859524
Because bitcoin is not about money is about our freedoms.
It's the only thing standing against central banks and keynsian insanity.

Goldcucks are based but deluded there is no way that real estate went up 5x since 2008 qe and gold is still flatlining without manipulation.
Yet they have a religious belief that the system will collapse and they will somehow see the price going up to 10k or some shit like that.

They have gold by the balls and totally under control , bitcoin is our last hope.

>>23859304
This can only go on for so long without disastrous consequences. If this were true they would just conjure up near infinite paper amounts and totally crush the price.

What is revealing about BTC ideologues (don't get me wrong, eternal gold bugs are retards too), is that you'll notice that they always project a further massive price in $, and seemingly with the aim of cashing out for fiat and re entering the system BTC was supposedely designed to escape.

Precious metals, although they will increase purchasing power dramatically, are not get rich quick schemes. Them exist and have existed for thousands of years to PRESERVE purchasing power and act as a true universal measure of wealth.

>>23859572
Oh anon, think of btc as a battery If you have to it’s a store of energy. That’s the cost to mine another one, the cost beyond that is what people are willing to pay, metalcucks try and fear monger which creates fear and speculation into gold, then say gold isn’t speculative

>>23859572
Marxist theory of value once again and deluded on the law , you can't even have gold on a plane anymore.

>>23859402
Kek your so asshurt

>I HAVE MORE MONEY THAN YOU I HAVE MADE GREATER RETURNS THAN ANY LIVING INVESTOR YOU HAVE TO LISTEN TO ME AHHHHHHHHHHHHHHH

>>23859594
The culture of bitcoin has been changing fast most people don't give a shit about fiat anymore, more and more people are using it as a personal bank as they fear fiat or banks.
Bitcoin is winning the cultural battle and since the halving brought bitcoin inflation below fiat currencies nobody will want to cash for fiat.

maybe using fiat as a proxy to buy shit if bitcoin is not yet accepted but thats fine , normies can keep saving in fiat and seeing their wealth be confiscated by central banks through inflation.

>>23859574
They're waiting for idiots to keep buying and inflating the price until God only knows.

>>23843311
Wrong. Currency doesn’t need to be backed by anything but money does. There’s a difference. BTC is money not just currency.

>>23859694
Wrong only 1.6m coins remain on exchanges(was 2.5m early this year).

Litte time remains nocoiner do your research.

>>23843311
Bitcoin already has lower inflation than stablecoins , fiat or gold and monero will also have lower inflation than those assets in a year.

>>23843172
>Which part of "Reddit: the frontpage of the internet" don't you understand?

You forgot this one.

>>23859428
Name any other bubble that recovered after a crash multiple times. I dunno how anyone who has watched Bitcoin since 2008 and see it get ready for another massive bullrun call it a bubble anymore. There are many bubbles in crypto and many Alt coins have been proven to be worthless but Bitcoin has triumphed over forks and Alts and FUDs and crashed time and time again and only proves with every minute it's existing how it just works. 12 years anon. You'll call it a bubble for the next 12 years too.
At this point I can only feel... pity for people who fall for the bubble meme

>>23859566

50% BTC 20% LINK 10% ETH 10% whatever

>>23859694

>>23859912
lmao my sides are in orbit

>>23859852

BTC is a unique bubble for a unique age. Never before in history did you have a financial ponzi scheme in which the whole world was on an empty paper standard, at the same time as the price of gold was manipulated down on futures exchanges. So sentiment about gold (real money) is perpetually destroyed, and yet people know that something is wrong with the current state of affairs; and the greed of thinking that BTC will replace it some day keeps the crypto dream alive. Sentiment doesn't matter, however, fundamentals do; and because BTC is incapable of becoming the new system of money, as Russia, China, and every other nation agrees, BTC _will_ be priced in gold rather than gold in BTC after the reset, and BTC will go to zero. We are going to have to wait for the reset before we can be certain that the BTC bubble will pop for good. In the mean time, I'm happy to be in my junior mining stocks, and feel sure that they will continue to outperform it.

>>23860065
For BTC to go to 0 the demand for it would have to go to 0, and you are unbelievably misguided if you think that is going to happen any time soon

>>23841986
Because it's not real money, it's going to be the biggest rugpull ever. Everyone realized it was a ponzi in 2017 when a few moonboys got rich at the expense of the other 98%.

>>23841986
RSV will be what you want. RSR is the governance token.

>>23860111

It is after the reset happens that demand for BTC will definitely go to zero. There won't be the argument that we need a hedge against the financial ponzi scheme any more. People will be able to buy gold-backed rubles, yuan etc., and unlike BTC they will actually be able to use those currencies _as currencies_. BTC will become immediately obsolete.

>>23860224
Imagine having such a deluded worldview to think governments are pushing for a gold standard.

They are pushing for a cashless slave society and bitcoin is the only thing in their way preventing it.

They’re literally going digital, what is this stagecoach driver doing on this board

>>23860065
Everytime you say Russia or China you sound like a little church boy saying his rosary.
It's cute but also sad. The funniest thing is that you argue that Gold is better than Bitcoin because Bitcoin is a bubble while in the same breath arguing that people should invest in low cap Gold Mines because they TOTALLY WILL HAVE BIG RETURN GUYS MUCH BETTER THAN BITCOIN GOLD IS GONNA RISE BECAUSE RUSSIA AND CHINA not even realizing how you yourself just fell for a scam from some guy who wants to sell his bags to you.
What will you do in 10 years when the value of those low cap miners went to 0 because they went bankrupt? What value do you have left? Will keep claiming Bitcoin is the real bubble that's about to burst while you hold onto your share of a dead company because "at least it's a real thing and not just a number on the screen"?

>>23860224
Pure delusion, but hey keep hodling those bags. I saw Alt coin pump and dumps that had more realistic expectations

>>23860261

No; BTC is a tool for global enslavement. Why else do you think the banks and the Bilderberg Group control it, and neutered the block size, so that you have to go through their second layers to accomplish anything? >>23842603 Why else do you think that mainstream hedge-fund managers, MSM news outlets and Big Tech CEOs push it on people so incessantly?

>Imagine having such a deluded worldview to think governments are pushing for a gold standard.

The world isn't openly pushing for a gold standard; they are silently accumulating gold and dumping treasuries. Foreign debts are denominated in USD, so of course they have loved collecting those debts and quietly accumulating PMs on the manipulated COMEX for the past ten years. Russia _already_ has enough gold, as of this year, to issue a gold-backed ruble. >>23842902 China is widely speculated to have secreted away 20,000 tons of gold. They aren't hoarding gold for no reason. They are getting ready for the imminent collapse of the dollar, and they know that that means that we go back to gold as the de facto world-reserve currency, as it has been for 5000 years.

>>23860328

I invest in small caps because I know what I'm doing. You'll notice that I advised other people here simply to buy the indices, the GDX, GDXJ, SIL and SILJ unless they want to take on more risk. Nevertheless, I don't feel the slightest bit of fear in holding any explorer with proven reserves in the ground and even the most barely competent of management teams. The average silver penny stock went up 150 times in the '60s and that isn't an exaggeration.

>>23860358
You keep believing a single group can control Bitcoin. That's not the case. Bitcoin is open source, everyone can create their own Bitcoin fork. Should Bitcoin Core ever go fucky people will switch to a fork with the Blockchain intact. Your claims are laughable because BCH was sold as the "TOTALLY BETTER THAN BITCOIN GUYS BITCOIN IS DEAD" fork with exactly your arguments and see where that is now.

>>23860414
you know this guys reaching when he’s talking about a few individual stocks that went up in the 60s when there’s numerous shitcoins that’ve gone up 100x this year

>>23860464
I didn't even want to adress that I'm not even sure this guy is aware that he's just making a case against himself by arguing about what happened in the 60s to select few penny stocks

>>23860432
this guy gets it. /biz/ is so unedcutaed about blockchain and btc I wonder what these fuckers think we're investing in. Wake up you morons math based currency is thee future and currency never had an "intrinsic value" now it's atleast secure and on a public ledger, the way to go we just have to keep crypto decentralized at all prices.

>>23860358
You are pretty smart but you are wrong in thinking there is a great design to reset this shit.

As for the blocksize limit satoshi put him even before the glow in the darks knew about bitcoin

And in regards to fund managers its worse than you can possibly think keynsian economics have destroyed everything there is nowhere else to put money minus the stock market which is pumped by qe.

Bonds give negative returns you pay to lose money, stocks are a risk, fiat inflation in real estate is above 6% per year on hard fiat like the usd.Shits fucked up this is why corporations and hedge funds are accumulating.

As for nations accumulating gold , yea they know shits fucked up but they are not going to come after shit goes to hell to put a new system its going to be anarchical and a deglobalization process.

Russia and china accumulating gold , globohomo & anglosphere cashless society, latin america & africa bitcoin standard.

And yes i believe gold will become the standard again WITH bitcoin but it will take probably 15 years until things stabilize.

First keynsians like piketty will try to enslave the world via digital fiat and thanks to bitcoin they will fail.
Then a new trade system will be created probably around gold.

>>23860169
https://cointelegraph.com/news/98-of-all-bitcoin-is-now-worth-more-than-when-you-bought-it

Demonstrably wrong. Only an absolute minority (2%) of people who bought and held have lost money and that is also of they bought the peak FOMO of 2018

>>23845803
>gold-backed credit card.

>>23860464

I'm not talking about "a few individual stocks"; I'm telling you that the average silver penny stock, not one or two stocks, but the average one, went up 150 times when silver doubled. Even in the '01 to '11 miner bull market, the average gold stock -- I include the small caps and terrible gold stocks, I'm talking about every single gold stock which existed -- the index of all gold stocks -- went up 1700%. You'll be lucky if Bitcoin even doubles from here, so why bother with that instead of the miners?

>>23860432

>You keep believing a single group can control Bitcoin. That's not the case. Bitcoin is open source, everyone can create their own Bitcoin fork.

Yes; and the fact that nobody cares about BCH, even though Roger Ver and the other thought-leaders behind it were completely well-meaning, and did everything correctly, shows that forking doesn't solve BTC's problems. And even BCH has kept forking and in-fighting. Human failings will ensure that cryptocurrencies never work.

>>23860512
His argument is the same as schiffs has been since forever, This is happening, this is happening, it’s all happening very soon and when this happens it’ll be a gold standard, shilling paper miners alongside bullion in a discussion about btc is a new level of delusional though. Yes countries buy bullion, so do banks, they hold plenty of bonds equities and cash too and I’m sure theyre acquiring bitcoin also

>>23860464

I'm not talking about "a few individual stocks"; I'm telling you that the average silver penny stock, not one or two stocks, but the average one, went up 150 times when silver doubled. Even in the '01 to '11 miner bull market, the average gold stock -- I include the largest of the large caps as well as the terrible gold stocks, I'm talking about every single gold stock which existed -- the index of all gold stocks -- went up 1700%. You'll be lucky if Bitcoin even doubles from here, so why bother with that instead of the miners?

>>23860432

>You keep believing a single group can control Bitcoin. That's not the case. Bitcoin is open source, everyone can create their own Bitcoin fork.

Yes; and the fact that nobody cares about BCH, even though Roger Ver and the other thought-leaders behind it were completely well-meaning, and did everything correctly, shows that forking doesn't solve BTC's problems. And even BCH has kept forking and in-fighting. Human failings will ensure that cryptocurrencies never work. They are always liable to corruption. As BTC was corrupted, so every other crypto will be corrupted too. Fruit of the poisoned well.

>>23860623
>Only 2% of people have lost money
You're probably one of those people that only consider it a loss if you sell. Because I sure as hell know it's way higher than 2%

>>23860636
He made very clear he's deepthroating Schiff's cock all the way. Schiff could sell him his cum and he'd buy it.

>>23860681
But that's precisely true. The only way you lost money with Bitcoin was FOMOing at the last top or selling lower than when you bought. For everyone else buy and hold has been profitable. Bitcoin is now priced higher than 98% of the time Bitcoin has existed. Why would anyone who holds Bitcoin now sell below this price if they haven't sold before?

It’ll be decades of a digital dollar first, then when schiffs dead and his sons taken over who’s not surprisingly now shilling bitcoin as a way For peter to protect his pride and save face with the goldcucks and also To be ready for the family to benefit from btcs inevitable success finally

>>23860681
Check bitcoin price on bolivars argentinean pesos or turkish lira.

As bitcoin inflation goes lower it reacts better, bitcoin already surpassed it's ath high in multiple currencies 2 years ago, only the ath in dollar & euro are left to surpass and only an ath done in one week in 2017 have you bought any other time you would be up.

>>23860764
Peter is a good guy but like most boomers they are deluded and don't know how bad things truly are since they are living on another world disconnected from reality.

I think he got a wake up call when they accused him of running a money laundering cartel on australian tv a few weeks ago.

Any milenial or zoomer who had a paypal account blocked for no reason knows how fucked up things truly are financially and if this faggots want to push a cashless society.

Hell seing real estate go up non stop is enough to know that fiat is broke , and viewing gold flatlining the entire decade with the biggest monetary expansion in history shows that gold is totally domesticated.

Bitcoin is unironically our last hope for a free society and i hope more and more people wake up fast and skeptics learn about it and test it to see what we are talking about.

>>23860690

Not sure where you got this idea from that Peter Schiff is the only one who opposes cryptocurrencies. A large number of people who understand the economic fundamentals are sceptical of them. Alasdair Macleod, who is one of the most brilliant economists alive today, said only a couple of days ago:

"IMHO BTC still has a long way to go. But to overturn the history of gold is wishful thinking. Fully backed Gold and silver substitutes and circulating coins are practical and acceptable for 7bn transacting individuals. BTC will then have no role and sink to zero priced in gold."

"If BTC is truly money gold will be priced in BTC when fiat finally fails. If not Gold will be money and BTC will evolve from a store of value into possibly the biggest bubble of all time."

>>23860736
Forest for the trees my dude. Bitcoin is being used as a way to keep people like you out of the precious metals market and make normies think it's the next big thing. If I'm wrong about bitcoin and it moons to 100k or whatever I'll eat a dick and shut up. But I just don't see it happening.

>>23861055
Lol.
Better find a bag of dicks by mid 2021. The bullrun hasn't even begun

>>23861043
Your reliance on what some name has said shows how little idea you have what you're talking about and how you're just repeating what Schiff and pals tell you. You're gonna get dumped on hard

>>23861055
100k is fud reaching gold marketcap would leave a bitcoin price of around 500k

And bitcoin bullrun is now synchronized to the world velocity of money returning.
Even stock to flow is fud because bitcoin will have the same inflation than real estate has next year , did real estate went down the last decade?
No and neither will bitcoin.

Bitcoin will pump until central bankers add real estate back into inflation indexes which they removed after august 1971.
When the fed tells there is no inflation what they mean is that there is no food inflation but real estate inflation is around 5%.

Until they don't start to tell the truth again bitcoin pumps.

>>23861189
yeh 500k if gold stays its value today I expect gold to be 5k by 2030 so that’d be closer to a 30T market cap, gold inflation will be 5x as much as btc at that point, so they’ll be losing 2% a year simply holding gold instead of btc

>>23861425
Probably more than 2% gold mining will increase fast , silver will unironically pump more as it's stock to flow increase due to starlink style services reducing cable demand for copper thus less silver mining.

>>23842542
They're not interested in economics

>>23842263
Literally this.
>why won't all the millennials and zoomers buy my bags
>crypto for you, but not for me... im selling as soon as I stop being in the negative

>>23861138

You don't understand that all your arguments which you employ to prop up BTC, -- about fiat money, the modern central banking system, etc. -- come from people like this. These people are the well-spring of them. Alasdair Macleod, Peter Schiff, are the thought-leaders from 2006 who were warning people that it was all going to collapse, despite the fact that nobody else was listening to them. Then, after the release of BTC, the BTC crowd adopted their economic points wholesale; after which, they kicked the ladder away, and pretended as if they had came up with the arguments in isolation. Expect the true fountain-heads of them to have a far more profound insight than you do into the nature of BTC, as they do into economics in general.

>>23842902
You still believe in the gold standard?

>>23860065
How can you unironically imply the gold standard is better in this day and age? That is obsolete monetary theory.

>>23861662
Gold investors are always saying things will collapse. Claim the market crashes every day and eventually you'll be right. For all the other times you'll be holding bags. This is why Peter Schiff NEEDS to be against Bitcoin. If people stop going for Gold as store of value he not only loses his money. He loses his credibility and raison d'être. He may know that the financial world is fucked and that there needs to be a financial revolution but he bet on the wrong horse. Maybe he knows it, why would he make his son buy Bitcoin otherwise. Thing is he can't back down on this. Gold is his existence, he needs to shill it to people like you he has no other choice. And his business model works as long as dumb Boomers are in the market. They are slowly dying and he knows it. Bitcoin is his biggest threat and why he needs to FUD it with every breath. This pure fear alone should tell you how powerful and potent Bitcoin is.

>>23843311
>It doesn't matter that it is backed by anything as long as people believe it's valuable. That's how money worked.
Wrong.

>>23862017
Bitcoin is peddled by people that unironically want the great reset to happen. You think MMT is better than a gold standard?

>>23862041
>Wrong.
Wrong.

>>23862020

The only fear which I sense comes from BTC-holders. The shilling for BTC is absolutely incessant--swarms of robots in every Twitter thread or Youtube comments section, aggressive triumphalists flooding into every 4chan thread or board or comments section on the internet. I don't see gold-holders who have anything to prove; I seem to be one of the only ones who even goes out there in order to argue with the cryptocurrency crowd. Most people and nations simply appear to be silently accumulating, and looking out at the cryptocurrencies with a distant nonchalance. Alasdair Macleod, as I quoted him here, >>23861043 believes that BTC is a bubble; but he virtually never talks about it. I was surprised even to see that single remark from him.

>>23862108
And yet Peter Schiff has been REEEEEing at Bitcoin for 12 years. If he didn't fear it why would he even bother with something he considers a nerd bubble?
(Leaving aside the fact that he secretly buys it and his son is accumulating too)

>>23862242

Your picture isn't a particularly good argument for Bitcoin. Peter Schiff is a highly intelligent man, so the fact that even he can lose his keys shows that the average person is also at serious risk of doing so. Which is precisely why BTC won't attain mass adoption, and yet the hope of mass adoption is the only idea which keeps the bubble alive.

>>23862329
>Peter Schiff is a highly intelligent man
Lol

>>23862384

If you can't admit this then you either need to go and listen to him more, or you're not a candid person.

>>23860578
thomas piketty? he's a communist not a keynesian kek

>>23860661
corrupted by what? btc works exactly like planned. no random group of people with personal interests can easily change bitcoin. big blocks makes it harder to operate nodes for the smaller actors. they failed kek

>>23859572
you're irremediably a lost cause, you can't understand that gold can never be digital, and will always be more expensive to move than information due to how physics works, but keep persisting and we'll laugh even harder in the future

>>23862466

The technology for a gold-backed crypto already exists, it's easy to do (see GoldMoney, Kinesis, etc.); as can we continue simply to use the modern banking software to send and receive digital gold, after the ruble, the yuan, etc., become convertible into it. It's BTC which can never be a digital currency, not gold.

>>23862410
He's a lucky dumbass at best if I wanna give him the benefit of a doubt and a scam artist stealing money from Boomers if you wanna ascribe intelligence to him. Either way people listening to him deserve to lose all their money

>>23862585
a gold backed digital asset is worthless because the required link between physical and digital requires trust from a controlling entity, only one side can have actual value, physical, or digital, not two at the same time digital illiterate

>>23862413
Move here autists