/biz/ - Business & Finance

>>24879111
Checked but the volatility is literally because it is an emerging and not yet mature asset class. It eventually will stabilize.

>>24879111
lmao goldman coping and raging like the wagies they are, when will they learn?

Bitcoin is a scam.

They're talking about buttcoin here. It's literally useless and you can't use it to buy anything, the fees are outrageous, and it has no utility like Ethereum.

It's the original speculative shitcoin

>>24879111
Low IQ article. GTFO.

>>24879111
(((Goldman Sachs))) is fuding on purpose. Only the high IQ can see this.

>>24879111
So gold is useless?

>>24879207
Yeah it's clickbait for low IQ normies. OP has been exposed.

>>24879240
Gold can actually be used in computers and electronics, so it isn't as useless as buttcoin

>>24879263
Wait until we mine an asteroid in 30 years and gold plummets to zero, fucking goldfags are cancer

>>24879263
So do you trade 1kg of gold for my 200g of copper? Since copper is way more useful.

>>24879111
Didn't they open a trading desk for crypto?

>>24879111
You don't have to be right you just have to be profitable.

But still consider the following: https://www.ingwb.com/media/2151406/why_bitcoin_to_become_niche_asset.pdf

https://www.nasdaq.com/articles/four-causes-of-the-u.s.-stock-market-bubble-2020-09-10

>>24879111
If it’s not an asset, why am I fucking taxed on it? :-/

Do people have to pay taxes at the casino?

>>24879263
Bitcoin can be used by tech companies, like micro strategy, that develop tech to save and build wealth so they can continue to manufacture and develop more tech. gold doesn't provide enough leverage in very bad economic times because its price is manipulated. BTC is the only candidate for the job.

>>24879263
Land is more useful than gold, copper, or btc.

>>24879327
yes

>>24879295
Wait until quantum computers hack bitcoin and it goes to zero dumbazz

>>24879111
Bitcoin will be all of those things later. It's funny that they refuse to consider it because of, mainly, volatility, when it clearly shows promise and is going to be volatile until later in the future when it is much higher in price and an established household name asset. Do they not think of the future? How are they investors? Do they just buy the top?

Buy before others...

>>24879339
>because its price is manipulated. BTC is the only candidate for the job.
>implying btc isn't also manipulated

https://www.wsj.com/articles/large-bitcoin-player-manipulated-price-sharply-higher-study-says-11572863400

>>24879358
Holy shit. This is real. America is genuinely slavery. We can’t even leave without 6 years of taxes. I don’t even have fucking health insurance. Fuck this.

>>24879355
Land is free you retard
It's called homesteading

https://www.blackdragon.io/

>>24879385
unlike gold, BTC has seen far greater growth. look at this data chart. BTC is 100x superior to gold.

gold gains are nothing, they aren't enough. it is simply too manipulated. take your low IQ posts elsewhere.

>>24879359
It will dip, but then there are no more bitcoins to mine, it will skyrocket with people knowing that they've all been mined

>>24879364
Do you really think BITCOIN is not a household name at this point? Anon, seriously.

There is a halving. It goes two ways. Fiat is seen as a scam and we scramble to buy satoshis as a society or institutions flip this shit on idiot normies without a stop loss.

>>24879443
That’s not what a quantum hack would look like.

A quantum hack would hack every paper wallet and exchange around. What good is a blockchain if 30% of it belongs to a hacker and 10% an anonymous dude. This is FAR into the future. It’s now the time to START thinking about quantum resistance and a strategy.

>>24879111
>BUY REAL ASSETS LIKE CARS AND HOUSES
ok, but for the ones like me who aren't millionaires, what would be good assets to buy? I guess gold&silver, guns, then what?

>>24879369
Sauce?

that describes most stocks these days
2020 proved that there's no longer any correlation between productivity and market value

>>24879111
>cars, houses
>real assets
pick one

>>24879111
>BUY REAL ASSETS LIKE CARS
sub 90 IQ

>>24879163
I remember hearing this meme in 2011

>>24879446
Not sure what your point is exactly. Bitcoin is no Apple or Amazon or Coca Cola, which are just blue chip stocks (at least they are at this point). At this rate Bitcoin WILL probably become something like that, something everyone knows (and takes seriously). Most people don't really care about bitcoin that much yet.

The other option like you said and like some have said is that Bitcoin eventually becomes too old and useless to keep growing, and it becomes long term bearish at some point, until it becomes a niche asset. which I agree is pretty likely.

>>24879111
>we believe
oh yeah what else do you believe filthy banking kikes?

>>24879111
Joke's on you, I have two rentals and a house. What kind of a mouthbreather are you to consider a car an asset.?You may need one, but as an asset it devaluates 30% per year, a car is an expense not an ivestment, no wonder you belive such retarded articles.

>>24879263
>BITCOIN CAN BE USED TO STORE CP PERMANENTLY ON THE BLOCKCHAIN

>>24879111

They will bend the knee eventually.

>>24879111
>Cars
Are you fucking retarded

>>24879111

Why would anyone buy an investment if they didn’t think they could sell it later at a higher price, kek. That’s how growth stocks work