/biz/ - Business & Finance

Bitcoin is inherently worthless. Educate yourself before it's too late.
https://en.wikipedia.org/wiki/Tulip_mania

>One satoshi is $0.0005. Who would buy at such ridiculous prices?

>>28836463
I'm talking about bitcoin not satoshi

>>28836301
There are infinite tulips, but bitcoin is deflationary

>>28836301
Imagine unironically posting the tulip mania fud. You must be new here bud. Did you just learn that in your cocksucking liberal arts econ class today buddy?

>>28836262
It's going to be 200k at the end of this year
why not

>>28836519
talk about these nuts faggot.. rofl
goteem

>>28836602
Top kek.

>>28836262
Yooo wtf. Thanks man just everything

>>28836262
You had 12 years

>>28836262
Me. I dump every paycheck into it and gradually accumulate.

Buy high sell low

>>28836543
There are 21 million bitcoin. That's a lot of coins. As if tether isn't just being printed off more and more. I'm aware of what makes the ponzi scheme work. tether is being printed to hoist up the price of bitcoin.

>>28836262
sir this is a wendy's

>>28836562
There is no reason to attack liberal arts. That is textboock "classism". Liberal arts is important to our society, way more important than some finance class.

>>28836519
>I'm talking about 1 dollar not 100 cents

>>28836738
There are 2.04 trillion USD in circulation. That's a lot of dollars. As if the Fed isn't just printing off more and more. I'm aware of what makes the ponzi scheme work. USD is being printed to hoist up the economy.

>>28836262
one could speculate if given the math and time that according to several models both published and the sort of round table discussion that happens with the post grads after hours give new info. Given that the understanding of these several new incentive topics are a new challenging dynamic then its understandable to understand that the understanding of these topics may not be well understood; However, we seem to reach a defining and uncharacteristically definitive measurement given the tools and modem given the model in operation that would suggest several defined and vague key measurements that would require the experts to report of the expert material given over and being looked at, at this time.

>>28836972
1 dollar = 1 dollar. 1 BTC is equal to 45,000 in the morning 49,000 in the evening and 38,000 after a bad day.

>>28837063
1 dollar is only as valuable as what you can buy with it, which is less and less as time goes by due to endless money printing. 1 dollar = 1 dollar doesn't mean shit when you have to use a wheelbarrow full of it to buy a loaf of bread.

>>28836738
There are 2.04 trillion bucks in circulation. That's a lot of dollars. As if the Fed isn't just printing off more and more. I'm aware of what makes the ponzi scheme work. Dollars is being printed to hoist up the economy.

>>28836301
>>28836543
>There are infinite tulips, but bitcoin is deflationary
>>28836562
how can you compare the two though?
i have never understood the tulip mania. how could such a bubble have even occurred to begin with?
>infinite tulips
>perishable
>literally no real world application besides "pretty"

>>28837063
1 dollar = 1 dollar
1 btc = 1 btc

>>28837513
>1 btc = 1 btc
No one says this. BTC is measured in dollars, which is why the dollar is more valuable.

>>28837455
Tulipmania describes BTC mania to the tea. it's an asset that is worthless, once everyone realizes it, it will go to zero.

>>28837581
>warosu /biz/
>archive
>ctrl-f 1 btc = 1 btc
????

>>28836738
There are 1 quadrillion logs circulating in Andy Six’s mouth. That’s a lot of logs. As if my gut isn’t churning out more and more. I’m aware of what makes the ponzi scheme work. Logs are being produced to fill Andy Sixx’s reeking maw.

>>28837581
BTC is also measured against euros and every other currency. It's just like Forex dude. The fact that BTC has an exchange rate with the dollar doesn't make the dollar more "valuable".

The value of BTC, besides the fact that nobody can print it beyond a certain amount, is that value can be sent quickly and securely anywhere in the world without having to rely on the centralized banking system. It's a transaction network like Visa and the intrinsic value will correspond to both its usage and security (hash rate).

>>28836519
fucktard detected

>>28837581
>"to the tea"
>giving financial advice
lol

>>28837513

1 dollar now =
85 cents in a decade
60 cents in 2 decades
30 cents in 3 decades
5 cents in 4 decades

>>28837581
still, no one has answered my question
regardless of how "worthless" you think BTC is, tulips literally ARE worthless. how could such a bubble have taken place? seriously

>>28836519
>>28836262

Everytime I see these threads , I assume its a stupid zoomer that plays fortnite and knows nothing about bitcoin

>>28838469
yeah, thats a solid guess 9/10 times

This bitch ain’t got no btc. Stay poor.

>>28838409
1 dollar is still 1 dollar. WOW

>>28838456
>tulips literally ARE worthless.
How so? Just like with Tulips you can mine your own BTC.

>>28836262
>>DCA
have fun staying poor, just like the jew wants it.

you don't even know what a pyramid scheme is, you fucking dunce

fuck off kike. i'll never sell

>>28838469
There is nothing wrong with fortnite. Why do you attack the character instead of the argument? Retarded bitcoiners.
https://twitter.com/hausofkiIls/status/1359616601188757504

>>28837011
am i having a fucking stroke?

>>28839263
You don't understand debasing and Fiat deflation, fucking retard

>>28839517
The money is backed by debt. Tether is backed by...... ?

>>28836519
you have to go back

>>28836262
The same faggots who bought GME at $300. People are fucking stupid.

>>28838469
i assume you're an idiot moron that falls for low IQ bait

>>28836262
t. peter schiff

>>28837455
It literally didn't occur. It's not a real event

>>28836262
>>28836301
>>28836519
>>28836738
>>28836836
>>28837063
>>28837581
>>28839263
>>28839390
>>28839575
Absolutely seething, because everyone in this thread has more wealth than he does. Holy shit. Don't use BTC, see if we care faggot. Hahaha!

>>28840453
You don't use bitcoin. Go ahead and try to pay your bills in it.

>>28840734

Smart people recognise what's going on in the world and are putting their savings into a safe asset...

"Who the fuck is buying bitcoin at ******?)

Is something I heard when the price was under 100$. Safest money on the net.

>>28838409
Probably worth even less sooner as weimar America collapses

thats a lot of crying from somebody that's trying to pretend not to care about crypto.

durr, Facebook has no value, its just a website.
But if everybody uses it, it has huge value.
Same with bitcoin.

>>28842718
If this is Weimar America does that mean we'll see Nazi America? lol

>>28842321
yeah.... gold and silver. not bitcoin.

>>28836581
It's not.
It will drop by the summer.

>>28843583
god i hope so

>>28836301
> Many modern scholars feel that the mania was not as extraordinary as Mackay described and argue that not enough price data is available to prove that a tulip bulb bubble actually occurred.

Imagine not reading your own links.

>>28836519
This is bait or you're a bum.

>>28836836
Yet so many liberal arts graduates are poor without knowing the first thing about turning their lives around without destroying it.

>>28836262
I can see things going one of two ways when it hits 50k

>Traders take profits, market dips, then tanks by -20%, before crabbing to the next peak
>Breaks through, bullrun to $60k before correction

People saying it will reach 100k-200k, there will be at least one big correction/crash along the way

>>28837063
> $1 = $1

>>28843583
We lived in Nazi America for the past 4 years. The allies defeated them again thank god.

>>28844160
One day people will say the BTC bubble didn't happen and it was all exaggerated. After all, no one can be so stupid to buy a 50,000 dollar bitcoin.

>>28844242
We are poor because of minimum wage laws. There is no reason it should be so low. We should also eliminate college debt.

>>28836262
Pic related. Imagine the stock price of some companies had they never and repeatedly done a stock split.

Can you pay your taxes with bitcoin or USD? Unless you are ready to overthrow the entire US government USD will always be worth more than bitcoin.

>>28844971
Go and collect cash then. Bye.