/biz/ - Business & Finance

lol, who wants to spend a coin or two and have him beaten in front of his children?

>>28933307
>A currency is never supposed to be more volatile than what you buy & sell with it.
Meanwhile USD has been crashing since the 70s

>looks at gold price and other goods
i dont think its the bitcoin

When it stabilizes it will be too late for remarkable gains. That's the whole point; it's volatile until it stabilizes at it's "correct" level. This guy is supposed to be an intellectual? lmao

>>28933307
kek

>>28933307
He's retarded, but he also has somewhat of a point. It doesn't matter though as nobody actually uses BTC.

>>28933710
Imagine being this dense

> I got rid of a deflationary asset to get back an inflationary asset that can be printed forever without any limit

The absolute state of boomer IQ-denying Taleb

> Covid denying sociopaths
Wtf this retard

>>28933710
I used it last month to buy prescriptions. just came today. thanks pajeets, i was hoping it would be faster though. took a month instead of two weeks like last time.

>I, an intellectual, pay for goods and services in physical lean hogs

BROS WHAT THE FUCK WAS THAT

>>28933484
but at least it crashes predictably :^)

>>28933307
God i cant wait for the Great Reset to fleece these idiots. Fucking useless psuedointellectual parasites. Greece after the schools become popular and it drowned in flees.

>>28933307
Nntaleb is the most npc idiotic genius

>>28933307
>currency is never supposed to be more volatile than what you buy and sell with it
>25-30% of USD circulating supply created within last year

He was right even if btc is 100000USD

>>28934469
This
it's the same ol story, the Italian mob is bad, better let us be the mob instead.

>>28933440
Not me, not selling my btc

>>28933307
I'm unironically glad NPCs are dropping their bags into better hands.

>>28933440
In minecraft?

>>28933586
What’s the point in holding it if it stabilizes ? Then I would rather hold stocks

>>28933614
Do you guys really think ignoring every historical context make you look smart or what is going on?

>>28933307
>you gotta listen to us boomers, kid. We built this world, after all!

>>28934727
Then we no longer need USD.

>>28933307
I listened to this dude on the JRE show, he's severely mentally ill.

>>28933307
based swan-man, he's not wrong

>>28933440
One or two coins? $500 or less in most places. You can almost certainly find someone desperate enough.

>>28934787
bitcoin isn't trying to replace usd anymore you mong how new are you? the new narrative being pushed is that its digital gold

Did he notice the volatility just now?

>>28934756
Do tell more anon

>>28933307
My net worth looks very sophisticated as of this moment. He can go fuck himself.

>>28934908
Something will overtake BTC eventually if that's the case. derivatives have a marketcap orders of magnitude higher than gold

>>28933440
>have him beaten
why?

>>28934627
There will always be a mob at the top anon

>>28934756
You are ignoring the damage that central banking did to money and the regular citizen tho.

>>28933307
Taleb has always been a brainlet

This is the downfall of all alts.
Sell now and invest in the only true cryptocurrency: BTC.

>>28935011
>>28935011
>Something will overtake BTC eventually if that's the case
shhh thats how you bait the nano shills

>>28933307
Such retard logic but he will still do really well selling the top and continue to be a famous retard

>>28933307

Buy silver

https://www.youtube.com/watch?v=wtxr_yXDXTo&ab_channel=PalisadesGoldRadio

>>28935087
hey anon let me shill you my bags

bUy dOgE cOiN

>>28933307
>A currency is never supposed to be more volatile than what you buy & sell with it.
Then why did he buy it? Btc was never any less volatile than this. Is he claiming that he bought because he thought it would plateau where he bought it? What did he mean by this?

>>28934756
>historical context
More like excuses. BTC also has excuses to its volatility. And BTW it's getting smaller and smaller % wise as the market cap becomes larger and harder to manipulate.

>>28934960
Why would you compare the value of USD to what it was 100 years ago when we live in an entirely different world? Like seriously, why would you do that? It makes zero sense. Make you look like a fucking retard actually. After the second WW the US got out without a single scratch, being an isolated island while many parts of Europe were destroyed or occupied by the Soviets. The world was less global, there were no Africa, India and China to outsource everything to. Industries in the US were alive and there was less competition in the world.
You can blame the Central Bank or whatever or whoever you want but the truth is, no matter what the US does it will never go back to what it once was. America's golden age was a miracle run where everything in the world aligned perfectly for a short period of time and you have to a complete retard to expect anything similar to return

>>28933307
He's absolutely correct. A currency is ineffective if in less than a year the value fluctuates 15000% within a year. Before bitcoin can ever be used for its intended purpose it needs to hit a stable price

>>28935357
>stable price in terms of infinite fiat
Man you people really are fucking retarded.

>>28935357
That's why it's going to be replaced by nano

>>28936180
>>28935087
like clockwork

>>28936341
Seethe more, Nano will reach $75k before Bitcoin.

>>28935352
This has nothing to do with the monetary base

>>28935110
I refuse to believe JPMorgan is this stupid.

>>28936412
>seethe more
what seethe? you nano shills are so midwit tier that your every move is extremely predictable, as I just proved. enjoy holding those heavy bags for life, you're never seeing ATH again

>>28936556
>implying they're not that arrogant

>>28935110
no buying your boomer shitcoin

>>28933307
I thought this clown was supposed to be smart? He should know btc isn't a currency.

>>28935110
this is the beauty of bitcoin

it's doesn't give AF about what one person thinks

>>28935352
What the fuck does that have to do with the graphic? The pic is simply showing the debasement of the USD and loss of purchasing power over the last century. It is not making any claim about restoring America's golden age.

>>28933307
Bitcoin is useless as a means of exchange. It’s not a store of value. It has no use, thus no value, so it can’t be a store of value. Bitcoin is 1s and 0s with no economic value except as a lottery ticket. The fact that regulators haven’t killed it yet is simply mind boggling.

>>28936985
Neither does gold. Your point?

>>28933440
Around my way you can have someone beaten for a small bag of brown.

>>28936985
well a dollar bill is just a piece of paper

im smart

>>28936985
Millions of people disagree with you, its value is created by their confidence in its ability to function as a portable store of value in a time when governments are drunk with power and powerless to stop it. That makes it pretty damn valuable.

>>28933440
In my country you can get slavs do it for you with just $50

>>28933440
fpbp

>>28936969
USD has less purchasing power because the US is not as significant as it was 70 years ago
Do you think these are completely unrelated?

>>28937014
>gold has no use

https://geology.com/minerals/gold/uses-of-gold.shtml

>>28937208
yeah, and they're all wrong. they can believe dog shit is a store of value. it isn't.

>>28933440
Have this fellow beaten in the presence of his children, good sir. Good day to you.

>>28933307
Cringe and imbecilepilled

>>28933307

>guy calls the 2008 GFC
>thinks he's omniscient

Smart guy, autistic as fuck though

>Nassim is an imbecile

>>28937149
It’s a piece of paper you have to use because your government forces you, just like a driver’s license, co2 emissions rights or passport its value is created by government enforcement.

It's 2021 and there are still people that just don't understand Bitcoin. kek

>>28937208
Store of value is not a use, it is a property derived from use, gold for instance is used in wedding jewelry and such, so you can theoretically ”store” purchasing power by buying gold and hoping people will still get married in the future. Bitcoin has no real use which gives it real value in a real market. It is backed by nothing but delusion.

>>28935352
you know I don't blame anyone for not being a genius. But please stop larping as smart, it's painfully obvious that you arent

Imagine calling yourself a scientist and then calling people who question something "deniers"

Dude is a belligerent moron and always has been

>>28938763
>r*dditspacing
>midwit take
>walking dunning kruger
This is why you're ngmi

>Caring what some arab thinks
lmao

>>28938790
I will never recover from this. I bet you're extremely rich and successful and you also get a lot of pussy

>>28937208
Translation

>Millions of people who are convinced this thing is worth money (Or, are convinced that others are convinced it's worth it's value and therefore are happy ride the wave), therefore they will pile on to it like a ponzi scheme where the price will continue to increase until someone is left bag holding

>>28934756
Go to bed, yellen.

>>28938790
Kill yourself.

>>28933307
Literal midwit that some supposed smart people think is a genius because he is a cunt.

>>28933307
>you can't price in bitcoin because bitcoin is volatile
>gold and silver are volatile
>they were the default currency across the world for thousands of years.
Maybe this is retarded but what if bitcoin isn't the problem, the fiat it's being compared with is?

>>28938504
>Bitcoin has no real use

it's literally being used right now

>>28937290
>USD has less purchasing power
It had nothing to do with printing money out of thin air?