/biz/ - Business & Finance

cringe

>>25901794
What exactly even dictates the rise or fall of an asset? Owning things is genuinely gambling.

>>25901794

NGMI

>>25901794
L O N D O N
O
N
D
O
N

>>25901794
>What exactly even dictates the rise or fall of a literal fake fucking currency?

It's literally all fee fees anon.

>>25901794
the position of the socrates square respect to the fibonacci spiral that you draw at the open price. geez basic ta dude

why doesn't satoshi just code bitcoin to cost more?

>some investment funds got scammed
>rise
>miners and exchanges start selling
>drop
>drawing meme lines
>50% to go up, 50% chance to go down

What exactly dictates the existence of (You). We exist and don't even know what. Existential dread made me buy even more bitcoin. Our entire reality is like Wiley the Coyote standing on thin air after running over a cliff.

>>25901794
>how does supply and demand work

>>25901794
you just mad cause you lost money lol

>>25901794
price discovery

Jesus Christ why don’t you learn to read and use your head properly and maybe in the next bullrun you’ll make something of yourself

This argument only works if you have a currency that is widely accepted as currency by the majority of the population and what is backing out has innate scarcity and value. There is no difference between lego bricks, fiat, and mill village tokens. USD just has a military to force you to use it.

>>25903344
I remember when gdax had 0% fee fees

>>25901794
When people buy or sell it fucking mouth breathing retard

>>25901794
Price goes up when more people buy than sell and it goes down when more sell than buy. That’s it. It’s more of a pyramid scheme than gambling. The people that actually make money are the ones who dump their bags and get out before the respective bubble pops.