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/biz/ - Business & Finance

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25189174 No.25189174 [Reply] [Original]

How the fuck can anyone convince themselves that this thing is a good store of value? It's far too volatile.

>> No.25189238
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25189238

cope harder, nocoiner faggot

>> No.25189281

>>25189238
I'm not even coping, Bitcoin as a technology has been a net positive for the world. Some Argentinian family isn't going to put their life savings into Bitcoin if it might dump 30% though.

>> No.25189284
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25189284

>>25189174
lol
focus on the tops ignore the bottoms

>> No.25189302

>>25189174
put money in, money gets more if you hold longer than 3 years.
now tell me, can you say the same about stocks, gold, anything?

>> No.25189313

>>25189174
>be gay niggerfag
>do nothing 12 years
>miss out
>complain
kys

>> No.25189321
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25189321

>>25189281
good point, they'd rather keep it in their local currency that can be completely worthless the next day

>> No.25189342

>>25189302
If you put money into either stocks (actually good ones, not the boomer equivalent of shitcoins) or gold you would be in profit right now, yes.

>> No.25189352

>>25189281
>goes up 360% annually
>oh no it can dump 40% any time for a few weeks!!

>> No.25189374

>>25189174
I hate when my stored value goes up 100x because of volatility.

>> No.25189382

great point

>> No.25189400

>>25189281
>Argentinian
Lol everything is better than peso argentino.

>> No.25189449

>>25189284
Btc was lower than that in 2020 you absolute cretin

>> No.25189481

>>25189449
look at monthly close lows my nigga ignore the wicks for a hodler the mean nothing

>> No.25189486

>>25189449
This, it was like 3.8k or some shit

>> No.25189505

>>25189174
The main reason for thevolatility is speculation and price discovery. If/ when Bitcoin becomes a well-established store of value volatility (and speculation) will decrease.

If gold was an entirely new concept/ asset class (nothing like it in the past) and was "released" today it would be insanely volatile too.

>> No.25189516
File: 252 KB, 1200x1200, 1607489645206.jpg [View same] [iqdb] [saucenao] [google]
25189516

You had 11 years to dyor

ngmi

>> No.25189527

>>25189174
how did this dude get so many bitcoins?

>> No.25189530

>>25189352
this

>> No.25189604

>>25189527
back when they were cheap they sold bags like that at the dollar store
feel like a real idiot not stocking up on those

>> No.25189678

>>25189604
fucken hell, I had to pay $24000 each for mine to big steve. Also those look shiny and new, mine are brown and have some pubes stuck to them

>> No.25189687
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25189687

>>25189284
>focus on the tops ignore the bottoms
hahaha I agree. but I thought this was /biz/ not /lgbt/?

>> No.25190399

>>25189687
and which one is that? i'm not well versed in your subculture.