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/biz/ - Business & Finance


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28989348 No.28989348 [Reply] [Original]

let me save you millions of dollars / your entire life savings.
crypto is a bubble and you will lose everything.
crypto can replicate and even improves on the features of money, like privacy, decentralisation, fast transaction times and low fees.
however - it is just a digital currency. and there are thousands of them.
crypto has no value on to itself. i can't use crypto in a car battery. i can't use crypto as a filling in my tooth. i can't put crypto into electronics. i can't put crypto into aerospace. i can't do anything useful with crypto except use it as a means of transaction.
crypto can never be used as a store of value because it has no use. the only reason it is worth anything is because people believe they can flip it to someone else who believes other people will buy into it, this is the definition of a ponzi scheme.
worse is the fact that through technological revolution there will always be new coins/payment techs that come out which are increasingly better/faster/cheaper/safer etc, which means that there will always be something new to replace the old currency, which means it can never be used as a store of value.
the fate of bitcoin and all of the coins you trade is to become worthless - $0.000000000000.
you think your crypto fiat currency is better than government fiat currency? if I don't pay my taxes in government fiat currency I get thrown in prison. I don't see anyone making contracts in crypto either because it is way too volatile and always will be way too volatile to be actually used as money. government fiat currency is being inflated but it will still have more intrinsic value than crypto ever will in the long run because it is enforced by law.
can bitcoin keep going up? sure, a bubble can just keep expanding forever, but it is still destined to go to zero one day, so atleast make sure you cash out when you can, but at the end of the day you are just gambling rather than investing. good luck.
i will be stacking pic related.

>> No.28989387

>>28989348
>inb4

>> No.28989593

>>28989348
>crypto can never be used as a store of value because it has no use

Crypto provides similar financial services as conventional banking/finance but does it without a central authority who can fuck with you because you are a wrongthinker or some other fly in the ointment of the powers that be. I can trade fiat for BTC and come back in a few years knowing that some politician hasn't inflated my BTC to hell the way they do with fiat to make good on some smarmy campaign promise.

keep investing in gold you dumb boomer, it won't be long until crypto eclipses gold and we can buy all the gold in the world with internet money. even then, you still won't get it.

>> No.28989688

>>28989348
Been holding it for half a year, still in the red. Shiny rocks fucking suck

>> No.28989908

>>28989688

But those shiny rocks (that you own on paper) are USEFUL, unlike this global digital currency that you can use to send/receive instant payments anywhere in the world!

>> No.28989953

When gold was first discovered, do you know what the absolute dumbest motherfucker in the room said? He said

"let me save you your entire life savings. gold has no value, I can't use it to plough my field, or to make weapons, or to build a house"

>> No.28990029

>>28989593
Crypto provides similar financial services as conventional banking/finance but does it without a central authority who can fuck with you

this is a feature of money. a more desirable feature than current fiat currency. but this doesn't take away from the fact crypto itself has no use IN AND OF ITSELF. key words.

cattle can be eaten, gold/silver can be used in electronics, copper in batteries, grain can be consumed, oil can produce energy, etc. your crypto coins can be used for literally nothing and they can be created to infinity with endless supply.

just because it costs something real like electricity to mine doesn't mean the end result of what you have produced actually has value.

also like i said, and you failed to admit, is the fact when better tech comes around all of the old tech will become redundant. do you still have your digital camera from 10 years ago? no - because its a piece of shit worth nothing now. same thing will happen with all of these crypto coins, which will mean they can never be used as a store of value.

bitcoin could go to $10mill for all i care, i will never buy it because it is literally a ponzi scheme that will blow up and be worthless one day and you can't deny this.

you aren't part of the new age, or some highly intelligent disruptor that you think you are. you are on the right track but you fail to understand what money actually IS.

>> No.28990044

>>28989348
Stop being such a retard, all currencies have no real use, and gold is especially bad because it's just a heavier, albeit shinier, version of paper money. Everything that has value has it because we decide it's valuable. In that sense, everything that we don't need for basic survival is a ponzi scheme. So just make as much money as you can out of the things you have right now and until society collapses at some point in the future.

For now, save us some braincells and stop reposting the same retarded "crypto bubble, gold buy" thread every day.

>> No.28990099

>>28990029
forgot to add - your words not mine.

>Crypto provides similar financial services as conventional banking/finance but does it without a central authority who can fuck with you

>> No.28990106

Let’s say you’re right and crypto goes to 0.


I still wouldn’t have bought gold anyway, because precious metals are a meme.

The only worth while investments are property or crypto and an index fund as a last resort. Gold is a fucking meme and if Bitcoin didn’t exist I wouldn’t touch Gold anyway

>> No.28990406

>>28990044
>Stop being such a retard,
This is you currently, not me, you are in a massive group-think bubble.
> all currencies have no real use,
currencies help transact value, not all of them are a great store of value in and of themselves.
>and gold is especially bad because it's just a heavier, albeit shinier, version of paper money.
gold is one of the most scarce resources in the universe as far as we know. it does not spoil. it is extremely malleable. it can be used in multiple market verticals. there will always be a use for gold. paper money can only be burnt to light a fire. the fact you compare the two and you call me retarded makes me think you are trolling.
>Everything that has value has it because we decide it's valuable.
yes - until people realise they have bought a dud, which is what will happen with every crypto currency that is not backed by a physical commodity.
>In that sense, everything that we don't need for basic survival is a ponzi scheme.
only for things which do not have actual uses in the real world. a ponzi scheme is defined as someone buying into something with hopes of flipping it to someone else at a greater profit - this is exactly what crypto is. precious metals can be bought because they are actually required for real world applications.
>For now, save us some braincells and stop reposting the same retarded "crypto bubble, gold buy" thread every day.
That's not me but its heartening to hear that not everyone is a retarded band-wagon jumper

>> No.28990413
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28990413

>can bitcoin keep going up? sure, a bubble can just keep expanding forever
sounds good to me

>> No.28990443

>>28990029
buttcoin is on the other tab, did you miss your daily dose of clozapine?

>> No.28990479

>>28990106
>>28989688
>>28989908
Honestly anyone who invests in gold as a way to MAKE money is a bit retarded. Especially if you just buy gold on paper and don't actually have it in a box somewhere in your house because then you get rid of the one benefit of holding precious metals. Gold is a good way to hedge against hyperinflation or financial collapse. Also better than crypto in the event of the country collapsing since it's a physical asset and not stored on the internet so it isn't reliant on electricity.
Silver on the other hand could possibly be a good investment right now due to being at an extreme low compared to past prices but even then you only should be buying precious metals as a way of prepping or securing equity.

>> No.28990532
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28990532

>>28989348
DRNS

>> No.28990556
File: 3.02 MB, 1920x2793, Bitch you thought James Card.jpg [View same] [iqdb] [saucenao] [google]
28990556

Not so fast, OP.

Buy XRP.

>> No.28990600

>>28989953
Kek

>> No.28990631

>>28989348
too long didn't read

>> No.28990644

>>28990479
you buy gold to protect what you have, not to make money. that is the point. it is a store of value.
it is better to buy into gold and store your value in this money-printing world compared to buying shit cryptos that are going to be worthless when they are superceeded by other forms of tech. you can't use your crypto for anything because it is literally just digits on a screen, you can't eat it like you could cattle. cattle would literally make a better store of value than crypto becasue atleast you can fucking eat it.

>> No.28990670
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28990670

>>28990029
>bitcoin could go to $10mill for all i care, i will never buy it because it is literally a ponzi scheme that will blow up and be worthless one day and you can't deny this.

>> No.28990687

>>28990029
>just because it costs something real like electricity to mine doesn't mean the end result of what you have produced actually has value.

The electricity I burn to mine is used to facilitate secure financial transactions in a global network. That is providing a service to people who want to move value around.

The real kicker is I was saying the exact same shit as you for years until I had a moment of realization in late 2019. Shamefully, I only decided to actually get into crypto at the start of this month. It looks like it will take you a while longer to see the light; that's ok.

>> No.28990748
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28990748

>>28990670
OH NO NO NO NO

>> No.28990791

>>28990029
>this is a feature of money. a more desirable feature than current fiat currency. but this doesn't take away from the fact crypto itself has no use IN AND OF ITSELF. key words.
this is the case for buttcoin, but not for other crypto, like something that rhymes with Namelink

>> No.28990844

>>28989348
a byzantine fault tolerant protocol is much more resilient and it fulfills Hayek's dream of a better money "which government can't control"
look at what's happening with SLV, they're just fucking making up their own reserves and nobody gives a fuck because of all the bureaucracy involved in a fucking audit which they can dodge at will

a BFT protocol without a trusted third party solves this shitshow
and you think, that's not fundamental value
bitcoin was worth 0 when it's BFT was 0
not it's fucking infinite

>> No.28990873

Post a picture of your gold.
You do have it don't you?
Not just some paper saying you own it?
If you just have paper you're no better long-term invested than you would be in crypto.
The paper could burn.
The drive containing the digital ownership files could corrupt.
Then you're in the same boat you're saying crypto traders will be in.

>> No.28990923

>>28990844
*now it's infinite
meaning: no gov can ever hope to control it

>> No.28990927

>>28989348
>crypto can replicate and even improves on the features of money, like privacy, decentralisation, fast transaction times and low fees.
this guy is FUDing and wants a crash so that he can fill his bags for cheap. we can tell because he even named the intrinsic value that cryptocurrency has and then pretends to not know the "value on to itself" (lol) two sentences later.

>> No.28990933
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28990933

tl;dr OP I'm going to get my chimney sweeper and shove it up your sister's ass with castor oil and then have her shit in your mouth

>> No.28991056

>buys 60g of pot with monero
lol bro it has plenty of uses to me :)

>> No.28991119

Oh and a medium of exchange doesn't require an objective use value in order to qualify as a store of value. OP's is like an illiterate 5 year old claiming to be a medical expert.

>> No.28991121

>>28990029
neither does fiat money backed by a government. you can't use it for anything, except fire until they outlaw anything not electric.

>> No.28991133

>>28989348
crypto vs physical divide and conquer posts are fiat shills

>> No.28991152

>>28990687
your service is predicated on the demand for people using that coin in the first place.

the same demand which has no floor to it, because the only reason it has demand is because people think they can flip it to others for a profit.

the same demand which has no floor because it is literally nothing but digits on a screen.

when the demand vanishes, your mining services is no longer required.

i will admit that your mining is providing a service while the coin still has demand, but this doesn't make the coin itself valuable because it is backed by fucking nothing.

if you dont believe me, go to the bitcoin website and even they themselves admit the only reason it has value is because people are buying it, and that bitcoin could go to zero one day if another tech comes along to replace it. its on their own fucking website.

a money has to be a STORE OF VALUE for it to be considered money, and if something can tank to zero then it can't be considered a store of value and hence it can't be considered money

>> No.28991164

>>28990748
>invests in 2012
>Literally no gains
>Inflation at 5-10% the whole time
kek

>> No.28991435

>>28989348
HIGH QUALITY FUD
STOP GIVING ME ANXIETY THAN I ALREADY HAVE ASSHOLE!

>> No.28991565
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28991565

>>28989348
Fuckin seethe. I have gold too but it doesnt perform

>> No.28991660 [DELETED] 

>>28989348
algorithms aren't valuable in today's world where the business of selling people's personal info is more profitable than oil?

>> No.28991705

Lol boomer tier FUD

>> No.28991902

>>28991152

Bitcoin is useful for transferring value.
The value of bitcoin, in fiat, is a function of supply and demand. The supply is growing asymptotically and the demand grows as more people realize its utility. Holding bitcoin is valuable because transacting to and from fiat incurs fees and taxes. This means anyone who wants to transact with BTC/crypto should hold some in reserve rather than convert from/to fiat in each transaction. The size of this reserve, multiplied by the number of individuals and institutions who want to have it, is the valuation of BTC/crypto.

Again, it's like talking to myself in the past before I figured all this out. You're not a dumb guy, you just don't see it yet. If the bank is valuable because it provides a service, bitcoin is valuable because it provides a service.

>> No.28991997

>>28989953
Oof this comment is retarded lel

Gold has *always* been used for jewelry and religious practice. No one would have said that.

>> No.28992100

>>28888888

What was the winner?

>> No.28992169
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28992169

>> No.28992183
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28992183

Unless OP posts his shorts he can fuck off. No one cares about his reddit essays. If I listened to reddit essays I would still be a no coiner and living a shity life instead of a based one because faggots like OP aren't going to make anyone money or put up collateral for their gay nigger advice

>> No.28992318

>>28991902
>Bitcoin is useful for transferring value.
Transfering what value? from government fiat to crypto fiat? That isn't a transfer of value that is just shuffling paper. They are both inherently worthless but atleast government fiat is useful for paying taxes and not going to prison.

>The supply is growing asymptotically and the demand grows as more people realize its utility.
How is it's utility that much more superior than normal government fiat money? Most people don't give a fuck if people see their transactions or not. The banking infrastructure that is already in place still works. You are acting as if it is impossible to transact without bitcoin when the system we have already works. Bitcoin just improves on this system slightly and like I said most people dont fucking care if someone is spying on them or not. People are buying bitcoin because they are speculating not because they think it is useful!

>Holding bitcoin is valuable because transacting to and from fiat incurs fees and taxes.
I don't have to hold or transact in bitcoin though. I have to pay taxes in AUD, USD, EUR, etc. I don't have to pay taxes in bitcoin so I don't need it. No one needs it. It is completely optional.

>bitcoin is valuable because it provides a service
Yes, but IT CANT BE A STORE OF VALUE.
Money is literally A STORE OF VALUE. Bitcoin can and never will be money.
Government fiat currency stores value because it is always in demand to pay for fucking taxes and it is enforced by law. It is losing value but it still stores some value. Crypto stores NO VALUE. You are saying the value of crypto comes from its utility, but its benefits are marginally better than current government fiat and it can easily be superceeded by 10,000 new coins in the next 10 years which make it almost inevitable to go to zero.

>> No.28992415

>>28989348
I thought this the first time I held through a crash. Didn't end up being the case as there have been second and third chances to unfuck it up.

>> No.28992425

I love seeing these nocoiners seethe we will go higher

>> No.28992525

>>28989348
Sage in all fields

>> No.28992629

Braindead disgusting boomer trash
YIKES

>> No.28992724

>>28991997
those are not practical uses like electronics, aerospace etc etc, it's value due to scarcity, exact same thing as bitcoin. damn imagine missing the point so hard and then calling someone a retard at the same time.

cringe

>> No.28992731

>>28991164
this argument is so fucking retarded. Inflation is bullish for gold. You cant measure gold in terms of fiat when the market is so heavily manipulated. Fiat is what needs to be measured in gold, not the other way around, and thats the standard of all history which we WILL inevitably return to, mark my words. Gold and silver are units of WEALTH, fiat notes are units of DEBT

>> No.28992747

>>28992629
>>28992525
>>28992425

You have no argument so you make some edgy statement lmao.
When all of your shit coins are worth zero and gold is still worth something you will remember me.
Gold WILL be worth infinitely more than any crypto that is backed by nothing.

>> No.28992786

>>28989953
This is the dumbest comment today
You win
Congrats

>> No.28992809

>>28992731
Thank Christ - someone with reason.

>> No.28992891

You clearly don't understand anything about it

>> No.28992911

>>28989348
No shit retard. Your opinion is entry level and you haven’t told anyone anything they didn’t already know. No shit 99.99% of these coins will eventually crash, but, in the meantime, crypto doesn’t seem to be going anywhere anytime soon so instead of bitching about it you can ride the wave until it eventually crashes.

>> No.28992938

>>28992809
cheers anon. I do think crypto is a good way to make money in this clown world but I have no illusions as to what it is. Plus my profits from it go into stacking

>> No.28992997

>>28989348
this may be the one of the dumbest things ive ever read the first 2 sentences of. sage.

>> No.28993014

>>28992731
The market and yes people smarter then you continue to show you why you’re wrong and yet you continue to seethe and mislead, at 200k life will be hard on you,
the one who can never admit they’re wrong or learn from their mistakes deserves to live a life in poverty

>> No.28993055

>>28992747
Retard
Take your meds grandpa

>> No.28993065

>>28992318
>Transfering what value? from government fiat to crypto fiat? That isn't a transfer of value that is just shuffling paper.

Call it what you want, people want to shuffle paper around and are willing to pay fees to do it securely and reliably.

> They are both inherently worthless but atleast government fiat is useful for paying taxes and not going to prison.

Crypto is useful for organizing economic activity (or any kind of activity, actually) without a central/trusted/privileged party. It's ok if we run up some electricity bills to make it function, because it's better than paying fees to the bank. It makes us feel good to cut the banks out. I sleep better at night knowing that the fiat my government is hemorrhaging with their reckless spending will not reduce the purchasing power of my savings.

>> No.28993089

hi /pol/
you are having success with your (((gold)))?

>> No.28993164

>>28990044
>t. Can't wait to buy a gold folly with my crypto gains!
You are fucking retarded.
Do you know why gold can't go to $400 permanently?
Because everyone in the world would be decked out in gold and there isn't enough gold for that to happened .
You are literally conflating commodities with ideas

>> No.28993182

>>28992938
Good.
There is no shame in riding a bubble that you know is a bubble, but the problem is that almost everyone here doesn't realise its a bubble!!

>> No.28993299

>>28992911
>you haven’t told anyone anything they didn’t already know
I disagree, i genuinely believe there are many people here that think Bitcoin will replace the entire government fiat currency system as we know it and it is a 'new paradigm'.

>> No.28993323

>>28993182
>the problem is that almost everyone here doesn't realise its a bubble!!

>!!
>realise
You type like a dumb boomer.

>> No.28993347

>>28993164
Gold and silver can’t even beat inflation stfu
It fails at the simplest task which large money wants it for, bitcoin however doesn’

>> No.28993411

>>28989348
>Private banks are moving to crypto as we speak because they fear they'll lose customers in the future
>lol imaginary coins are worthless
Do some research. It will become clear as day.

>> No.28993414

>>28990687
>yes because we decide to randomly burn power to has random digits at a totally arbitrary difficulty, its real value!
If all but 1 mine went offline nothing in the bitcoin network would change

>> No.28993493

>>28990844
>if I use buzzwords I can make an argument!

>> No.28993511

>>28993323
i can assure you i am not a boomer but I am a CFA charterholder and I know enough economic history to know a bubble when i see it.
this will go down as the mother of all bubbles.

>> No.28993525

“Nocoiners” actually have lots of coins, in the form of gold and silver and not a computer game lol. Can’t wait for the power to go out.

>> No.28993558

>>28993511
Everything is a bubble if you're autistic enough
Are you aware of the latest crash? Crypto survived it

>> No.28993572

>>28990927
>yes this 1 guy is attempting to manipulate a 600 billion dollar coin through posting on a Mongolian fish farming image board
Maybe you're just a retarded schizo????

>> No.28993582
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28993582

>>28989593
> he still thinks crypto is decentralized

>> No.28993591

>>28989348
Thanks OP. I've sold all my Crypto and bought coal.

>> No.28993623

>>28993014
how tf was I wrong in what I said? I still hold crypto, retard. Noone cares about your pseud posturing

>> No.28993634

>>28993525
>not a computer game lol
Boomer trash, get in the boomer bin.

>> No.28993676
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28993676

>>28993525
>solar flare

>> No.28993705

>>28993411
just because more and more people get involved into a ponzi scheme doesn't mean it is not a ponzi scheme.
the only thing all of these coins have going for it is literally because it is an alternative way of transacting that could be considered more private, faster, safer etc. it doesn't make it money.
money has to be a store of value. your crypto's will not store value. it is inevitable they will be replaced by some other new tech.
i am only telling you what bitcoin themselves admit on their own fucking website - that it could become worthless overnight if people stop buying it and move to an alternative system which is better - which could literally happen any day. that can not be a store of value and hence it can not be money.

>> No.28993713

>>28993299
Why does currency have to be backed by something physical in order for it to be valuable?

The privacy that comes with Bitcoin is enough to give it value. It’s valuable because its rare and almost impossible to counterfeit. It’s valuable because it takes up a tremendous amount of energy to create. How’s that not valuable you dumb cunt?

>> No.28993720

>>28993347
>Gold and silver can’t even beat inflation stfu
holy shit you are the goodest goy

>> No.28993721

>>28992183
>if OP isn't shorting the most volatile market in the world he's retarded!
Learn how finance works you fucking idiot

>> No.28993762

>>28993705
The entire economy is a ponzi scheme going by that reasoning.

>> No.28993803

>>28993634
Boomers at least have real property and not some fucking digital tulip lmao

>> No.28993809

>>28992724
>OK but that's not *practical* uses
>real communism has never been tried
Nice goalpost moving faggot

>> No.28993869

I invest to make money fags, nobody makes money on gold and silver. Buying bitcoin here is still like buying three digit gold

>> No.28993931

>>28993347
GOLD HAS LITERALLY MADE ALMOST 8% A YEAR SINCE THE END OF BRETTON WOODS WHAT THE FUCK ARE YOU ON ABOUT

>> No.28993949
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28993949

OP be like "The law is just words on paper or digits in a computer! This shit is totally meaningless! At any moment, we could all collectively choose to ignore the existing laws and obey these other laws instead!"

pic related OP when he thinks back to this conversation in 4 years and realizes he could have 20x his investment starting today

>> No.28993959

>>28989348
>own gold and silver
>30 years later they mine their first asteroid
>2x the earth supply of gold and silver comes back to earth
Entire life savings wiped out.

>> No.28994004

>>28993931
Really? Cause it was 1800 in 2012 and it’s 1800 today, while the purchasing powers been cut in half or more in that time

>> No.28994053

>>28993721
You're just bad at it. If OP were so confident about BTC going to zero he would put away his crystal ball and put his money where his mouth is instead of being an unaccountable gold merchant shill.

>> No.28994075
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28994075

>>28993959
>no hard feelings kid

>> No.28994078

>>28993705
I think you mean they are a form of transacting that is far less private and far more traceable unless you're talking about monero

>> No.28994104
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28994104

>>28993705
>it is an alternative way of transacting that could be considered more private, faster, safer etc. it doesn't make it money.

It makes it something, and that thing has value. Just because you are a dolt who has never had an original thought and your accounting classes never covered cryptocurrency doesn't mean the value you can't model doesn't exist. Crypto is not meant to replace fiat or banking or finance. It's a combination of all three, like nothing that has existed before.

>> No.28994153

>>28993959
Ah yes, all of those gold filled asteroids that we are so close to mining.

This theory is just as stupid as memecoin

>> No.28994198

>>28993762
>I would like to buy this ticket that entitles me to a perpetual share of profit
>nooooo that's a ponzi scheme
You know you're dealing with retard moonboys when the only answer I have seen I'm dozens of these threads to the ponzi scheme issue is:
Yeah well everything is a ponzi scheme so HA!
Why the fuck do you think taleb sold?

>> No.28994206

>>28989348
Get out of here Peter

>> No.28994264

>>28993959
Do you have any idea just how astronomically (heh) valuable gold and silver would have to be before that becomes even remotely financially sound to do?

>> No.28994302

>>28994004
>really, because for obscene risk, bitcoin was at 20k in 2017 and is at 50k now! Not much better than stocks!
Let's just pick local peaks fag

>> No.28994308

>>28993705
>money has to be a store of value.
Stop conflating cryptocurrencies with BTC. Different designs have different use cases.
>an alternative way of transacting that could be considered more private, faster, safer etc. it doesn't make it money.
There are crypto projects that make it easier, faster and safer for fucking banks to make international transfers, there are projects for institutional crypto validators. I'm not telling you what they are because you're a drooling retard.

>> No.28994354

>>28993713
>Why does currency have to be backed by something physical in order for it to be valuable?

Good question.
It is because physical things can store value.
Gold is an excellent store of value because it does not rust. It can literally exist forever.
Physical things also can have a use in the physical world. I can make electric circuits with gold for example. This has a real world utility.
Cattle could be a store of value, because you can eat it, but the problem is cattle can fucking die on you. That's why some physical things are a better store of value than others.
The problem with these coins backed by literally nothing is that they can't store value, and even they themselves openly admit that they could become worthless on any given day if they are overtaken by other coins/technologies which replace it.

Also just because something costs a lot to create doesn't make itself useful. The end product of what you have created is only useful as a means of transaction - that's it.

>> No.28994402

>>28994302
Gold beat inflation before bitcoin existed and stole its lunch, anyone can see that

>> No.28994453

>>28994053
BEvause you don't short something that can randomly double in price. Like I said, learn finance

>> No.28994514

>>28994198
You are a ponzi scheme

>> No.28994557

>>28994308
>There are crypto projects that make it easier, faster and safer for fucking banks to make international transfers
Name one that you can invest in whose tokens are being used by banks

>> No.28994638

>>28994104
The "value" of that transaction service (btc specifically) is 0. It can be reproduced an infinite amount of times.
And pretty much every crypto since is better at that one thing

>> No.28994643
File: 2.16 MB, 1920x1080, Autismchampion5.png [View same] [iqdb] [saucenao] [google]
28994643

>>28989348
BTC does have intrinsic value as a trustless payment system. Keep stacking gold I personally stack silver.
>checkmate.

>> No.28994667
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28994667

>>28994264
Do you have any idea how cheap space access is going to get in the next decade?

>> No.28994724

>>28994402
You are a fucking retard if you think gold sold off in 2011 because bitcoin was $5 or whatever

>> No.28994793

>>28994643
>DOGE does have value as a trustless payment system>>28994667

>> No.28994806

YOU HAD 12 YEARS

>> No.28994851

>>28994667
>lol you guys are buying oil contracts at $60?! They just found a massive reserve at the bottom of the Marianas trench. I heard some scam artist is going to start a company for it

>> No.28994878
File: 32 KB, 931x524, gold.jpg [View same] [iqdb] [saucenao] [google]
28994878

>>28989348

>> No.28994902

>>28990933
based and checked. i love this diagram

>> No.28995054
File: 354 KB, 625x657, Fuckyou8.png [View same] [iqdb] [saucenao] [google]
28995054

>>28994793
Does doge have a fixed supply of tokens?
Does BTC require real energy to "mine" tokens and to maintain the network?

>> No.28995080

>>28994667
You have to be an absolute blithering retard that's watched way to much Star Trek or Star Wars or whatever the fuck if you think it will ever be affordable to launch a rocket full of autonomous mining equipment to a fast moving celestial body and have said rocket and mining equipment load the rocket back up and return to earth.

>> No.28995226

>>28994104
> like nothing that has existed before.
It has existed before, like the Tulip Mania, and the internet tech bubble. Contrary to what you may believe, you are not some sort of revolutionary that is disrupting the financial system lol. You are literally all piling into a ponzi scheme.

The only reason people are willing to deal in your coins is because they think they can flip them to someone else - thats the only reason why it has any value whatsoever. People arent transacting in it because they really care about privacy or whatever. No one fucking cares about that and you know it deep down.

Gold has real world uses and its scarce. It can be used in the physical realm to solve real world problems. That is why it has a floor value to it. That is why people will always buy it. It is a great store of value because it literally never decays, it is infinite. It was money up until 1971, we have only come off gold in less than 50 years throughout all of human history and look at the disaster it has caused.

Crypto's are a symptom of a problem created by government fiat but they are not the answer if they are not backed by physical commodities which store value.

>> No.28995375

I would agree accept for oil and gas companies are hopping on the ship, there is billionaires financing the building of the mining infrastructure. Go ahead and keep telling yourself that it won’t continue to grow, it will, and you will have missed the boat.
Ywnmi

>> No.28995374

>>28995054
No because it can literally be done with a single miner and the network would work exactly the same. Additional hashing power does nothing for transaction capacity

>> No.28995536

>>28995226
>It has existed before, like the Tulip Mania, and the internet tech bubble. Contrary to what you may believe, you are not some sort of revolutionary that is disrupting the financial system lol. You are literally all piling into a ponzi scheme.

Tulips aren't a secure, decentralized, global financial system. You're such an intellectual mediocrity it hurts to read this shit.
Disrupting the financial system is exactly what crypto is doing. Apparently you're not even aware of the booming defi ecosystem and the investment, loans, and insurance products being developed.

>The only reason people are willing to deal in your coins is because they think they can flip them to someone else - thats the only reason why it has any value whatsoever. People arent transacting in it because they really care about privacy or whatever. No one fucking cares about that and you know it deep down.

lmao more boomer tier FUD, ever heard of monero?

>> No.28995553

>>28995375
>I would agree that the NASDAQ is a bubble but old school companies are merging with them and buying shares. Billionaires are funding network lines

>> No.28995621

>>28995536
If something is disrupting the financial incumbents, why would the financial incumbents spend 30% of their air time hyping it up?

>> No.28995668

>>28995226
You are a ponzi scheme and so is your mom.

>> No.28995671
File: 219 KB, 800x620, Never selling88.png [View same] [iqdb] [saucenao] [google]
28995671

>>28995374
>as long as 1 computer exists and electrical power is available bitcoin will exist.

Seems pretty good desu. Thanks just bought 100k.

Serious question. Which percentage of your current portfolio is in fiat? Lol

>> No.28995726

>>28995671
Exactly 0% faggot

>> No.28995780

>>28995374
>Additional hashing power does nothing for transaction capacity

Does that mean... maybe... wait for it... maybe... the PoW serves another function altogether, which has nothing to do with increasing "transaction capacity"?

>> No.28995795
File: 130 KB, 354x549, 1613588068475.png [View same] [iqdb] [saucenao] [google]
28995795

>>28989348

I'm riding the coin bus till it runs out of gas, then I go into ETFs and metals, I already tipped my toe in both, so I'll be ready.

Hate all you want, but gains or gains, and plenty of people get rich on scams and bubbles if they're not dumb enough to lose the hot potato game and get holding last

>> No.28995815

>>28991997
>always
What? Before it was even discovered? You fucking retard.
Everything has value, and that value is decided by society. Your paper money is just as worthless as crypto, with the sole exception that is can be used to wipe your ass.
>what is hyperinflation?

If it has value, it has value. You cant use paper to plow a field, yet it has value, you can use it to transmit information, and wealth.
Crypto currencies do the same thing.

No point in explaining this to a boomer though, money and economics is something boomers have never been able to grasp.
Thanks for the world we are living in though, now please hurry up and die.

>> No.28995859
File: 389 KB, 720x720, Glowniggers4.jpg [View same] [iqdb] [saucenao] [google]
28995859

>>28995726
Are you homeless? Living in the woods? Are you an alien. Fascinating...

>> No.28995863

>>28993959
>Make asteroid mining company
>Go mine a shitload of gold from asteroid
>Bring it back to earth and crash the market
>Go bankrupt because you can't get any money for your gold due crashing the price
This will never happen, look at diamonds. We have fuckloads of the things but the price is artificially inflated by capping the supply so that the companies (or starving african children) that mine the diamonds don't crash the market and completely bankrupt themselves.

>> No.28995871

Gold is not a competitor to crypto, and same goes for the inverse. Holy shit you guys are retarded and can't accept that two wildly different things are intended to do two wildly different things. This isn't a competition.

>> No.28995939

>>28990479
>mfw just realised BTC is worthless without electricity/Internet

Guys what happens in the event internet services are crashed or mass power outages?

>> No.28995940
File: 1.40 MB, 1200x1200, 1608351655558.png [View same] [iqdb] [saucenao] [google]
28995940

The completely uninformed nocoiner cope in the coming months will be brutal. It's already at the point where these people have zero desire to research anything that might prove them wrong. They are financially and emotionally all in against crypto. Changing this stance would require an absolute humbling and self reflection that OP is incapable of.
>Gold and silver is used in electronics
That's his store of value arguement, kek

>> No.28995963

>>28995536
>ever heard of monero?
and I will say to you 'have you ever heard of XYZ coin?' in 5 years, which will be far superior to monero, which will make your monero worthless, and this will continue forever, which means all coins are worthless because they can't store value - that's the point. they are all shit because they aren't backed by anything.

>Disrupting the financial system is exactly what crypto is doing.

lol no, you are just piling into a ponzi scheme. it has nothing backing it, not even the laws of the country, nor taxation.
it governments start asking for taxes to be paid in bitcoin or other shit coins then I will believe you. but even then it is just going to be a slightly more useful fiat currency, which isn't saying a lot in terms of it being a store of wealth.

>> No.28996111

>>28995963
>le ponzi scheme
It's actually a wonzi scheme

>> No.28996176

>>28995963
So you pay your taxes in gold?

>> No.28996217

>>28995940
that is one example, it is used in a lot of things and it is incredibly scarce.
it can even be hammered out in to an ultra strong wafer thin sheet covering 1700m2.
if you want better industrial uses silver is also very good.
there is a need and real demand for gold and silver, but literally no one will ever need to purchase one of your fucking shit coins for anything - at all - ever.

>> No.28996242

>>28995780
Yeah it wastes power
>>28995859
Wait am I supposed to include my checking account in my portfolio because that is real poor people shit

>> No.28996276

>>28993705
Also
>money has to be a store of value
No. Money has no value. Resources are the only thing with value. Money is only 'valuable' as a means of transmitting information about those resources. That can be either as a 'store of value', or as something that can cheaply, safely and quickly transmit that information across context.
>it is inevitable they will be replaced by some other new tech.
Yes. But for now, it's crypto.

>> No.28996306

>>28996217
Do you think computation power is worthless?

>> No.28996373

>>28996176
gold is a store of value. your shitty cryptos are not a store of value.
do you honestly believe bitcoin is going to be as big as it is now in 10 years time? there will be some new technology which disrupts it and it will continue like this forever, which is why bitcoin is not a store of value.
i can liquidate gold to pay my taxes in 10 years time, but i can't say the same for bitcoin.

>> No.28996396

>>28993705
Late 1700s: Don't invest in the steam engine, it will soon get replaced by new tech

>> No.28996428

>>28995963
>they aren't backed by anything

their value comes from the supply and demand for the currency; the intensity and urgency of buying and selling activity. As long as the currency continues to serve its function, this activity continues and the currency maintains its value. What backs the USD? The continued functioning & taxation power of the US establishment power.

>> No.28996475

“The future appears brilliant!”

>> No.28996494

>>28996217
>literally no one will ever need to purchase one of your fucking shit coins for anything - at all - ever.

Nobody needs to acquire USD either, but they still feel compelled to do so because they're part of a society where just about everyone around them wants more USD. Why? Because they expect to be able to buy things with that USD. It's backed by nothing but that future expectation.

>> No.28996512

>>28995940
No, people are 100% against bitcoin and litecoin which are retarded coins. I own a bunch of scrt and trade other coins that actually have value.
There is no endgame for bitcoin,which is what this thread is about. It cannot function as money on its own.
Why do you think taleb just sold? Because supply/demand have ZERO influence on production it will always be highly volatile and incapable of being used as reserves. And it also can't be used for anything but giving to someone else so they can give it to someone else.
These "nocoiners" don't say this about ethereum and the like, which will also crash, because they are essentially still token money for a closed system in the end. They will also never function as reserves

>> No.28996546

>>28996306
computation power to what? process transactions?
transacting is a feature of money because it transfers value. that doesn't make it valuable.
all you are doing is using computing power to transfer valueless digits from one to the other - transacting and computing doesn't give anything value.
lets just say bitcoin vanished - what is the end result of all the computing resources you have spent over the last 10 years? the answer is zero - nothing - all you did was transfer digits which created nothing tangible or physical.
when you mine shit out of the earth like gold, that is physical and it lasts for fucking ever and it never rusts and has industrial uses in the physical world to solve real problems and create real value. even if you stopped mining gold, all of the gold mined today will still be valuable doing something and contributing to something important.

>> No.28996568

>>28996373
So if Elon goes and mines a gold asteroid your value plummets. Supply is instantly flooded, your years of stacking rocks is worthless. Never going to happen with Bitcoin.
Yes I think Bitcoin will exist in 10 years. May I ask if you think the internet will exist in 10 years?

>> No.28996649

>>28996396
did anyone buy a steam engine for the purpose of holding it for 50 years because its value would appreciate overtime? no. stop being a fucking idiot and think critically. money and transportation are not the same thing.

>> No.28996716

OP your belief that money needs to be a store of value is an anachronism. The reason people wanted their "money" to be intrinsically valuable was so they wouldn't be destitute if the bankers/counterfeiters fired up the money printers (so to speak) and rugpulled them all with inflation. Crypto solves this problem with decentralization and PoW and thus doesn't need to be intrinsically valuable.

I'm giving you some real gems here but nothing comes back but Schiff-tier boomer retardation.

>> No.28996746

>>28996568
lol how expensive do you think it will be to mine fucking asteroids for gold?
if we are mining asteroids gold will be atleast $1m an ounce.
it will be more likely to mine gold out of the oceans first before you mine gold out of an asteroid.

>> No.28996793

>>28996373
>do you honestly believe bitcoin is going to be as big as it is now in 10 years time? there will be some new technology which disrupts it and it will continue like this forever, which is why bitcoin is not a store of value.

>do you honestly believe ABC Inc stock is going to be as big as it is now in 10 years time? there will be some new company which disrupts it and it will continue like this forever, which is why equities are not a store of value.

>> No.28996848

>>28996716
Ok so, you are saying now that it is ok that cryptos dont store value, because now they don't have to store value. Storing value is now redundant.

Is this correct?

>> No.28996852

>>28996746
Dudes a grifter fanboy buying grifter memecoin

>> No.28996900
File: 155 KB, 396x385, Sciencepepe8.png [View same] [iqdb] [saucenao] [google]
28996900

>>28996242
>Reduces himself to name calling while losing debate

Like pottery really. If you really understood the banality of human value and still pitched this "only physical stores of wealth matter" why does your precious metals go to computers that create a digital space that you yourself use and is "fake" in the first place?

Very puzzling. Im taking notes.

>> No.28996905

>>28996512
>they are essentially still token money for a closed system in the end. They will also never function as reserves

Suppose you had a guarantee that the networks these tokens are used for will be running for the next 100 years. Would it be valuable to own all the tokens? Keep in mind you could loan the tokens to parties who want to use your system to manage their economic activities. They would be happy to pay you some fees to do it. Think about that.

>> No.28996907

>>28995963
>and I will say to you 'have you ever heard of XYZ coin?' in 5 years, which will be far superior to monero
Its called scrt

>> No.28996928

>>28996793
you buy equities with fiat and they pump out fiat back by giving investors dividends.

cryptos don't earn fiat and pay you back more fiat than you put into them.

>> No.28997072

why always this zero sum mentality? i literally get free money from crypto gains which i use to buy up gold and silver. use the tools at your disposal retard. (((they))) can keep this zombie system going for another 100 years if they want to, delaying the inevitable restoration of pm's. until then, you have to play the game.

>> No.28997103

>>28996546
And at an artificially expensive rate to boot

>> No.28997119

>>28996852
Idk who grifter is.
>>28996746
Either way, soft cap vs hard cap.
Welcome to the age of Aquarius. Bitcoin will just be another technology in a long line that boomers cannot understand due to their low operating frequency. Like explaining wifi to my father.

>> No.28997189

> sure, a bubble can just keep expanding forever, but it is still destined to go to zero one day

yeah.. but.. but sir.. if the bubble, as you say... if it expands FOREVER, when is it going to drop to zero?

>> No.28997280

>>28996905
>suppose this random hypothetical is reality
Jeez I'm btfo
No one will ever take a loan out on a deflationary currency

>> No.28997309

Everything is a bubble if you're autistic enough
Everything is a ponzi if you're autistic enough

>> No.28997330

>>28996928

> I put my globohomomatrixbux into banksterstreetstox and I get a few globohomomatrixbux back!
> meanwhile my globohomomatrixbux are inflated down to nothing but number go up

cryptos do earn fiat big guy, you can literally invest in coins that provide fixed/variable rate returns to owners, you can stake, etc. You apparently have no idea how many innovative projects are happening in defi. They are building a competitor to the global financial system.

>> No.28997481

All currency is fake numbers. Our economy is a video game.

>> No.28997496
File: 9 KB, 235x214, 1613584713695.jpg [View same] [iqdb] [saucenao] [google]
28997496

>>28991121
this. discussion is over at this point.

weak arguments, op.

>> No.28997532
File: 207 KB, 1000x750, MMT.jpg [View same] [iqdb] [saucenao] [google]
28997532

>>28997481
>More like a scoreboard

>> No.28997582

>>28989348
>there will always be new coins/payment techs that come out which are increasingly better/faster/cheaper/safer etc, which means that there will always be something new to replace the old currency, which means it can never be used as a store of value.

By this logic you should never have invested in Amazon in the 90's because there will always be something bigger & better, which is true, but it's still more profitable than holding FIAT.

>> No.28997642

if it's a ponzi scheme why are big financial and tech players getting into it? Are you smarter than them?

>> No.28997665

>>28993511
hfsp

>> No.28997723

>>28997582
Totally shit analogy
The pure fact that useless coins are now compared to companies proves how retarded you have to be to partake in this bubble without hedges

>> No.28997728

>>28993525
nobody wants your rocks when the power goes out.
food and ammo is most valuable by then.
and you will get shot.

>> No.28997795

>>28997642
>if Madoff is a ponzi scheme, then why are all these rich people investing!?

>> No.28997814

>>28997330
A company produces goods and services which is the basis of earnings and the dividend they distribute to owners.

Creating fucking stupid coins to pump out more coins all based on fucking nothing but algorithms is not the same thing.

For all of its fault, the globohomo star bucks you consume atleast has calories in it which sustain life so it has a practical use.

>> No.28997840

>>28989348
not sure you even understand that crypto goes way past just a store of value at this point, it's developing and building the future web, web3 tech, smart contracts, data collection, everything that is doing is so, so much more than a store of value, it's a business providing a product with real world use cases now. it's inevitable because it will dominate every market that exists, just like Amazon & Google. Not bitcoin, but ethereum, cardano, polkadot, BNB, chainlink, you name it, it will change the infrastructure of the entire world, do you understand yet OP? do you understand the implications of this technological shift in power? the ones who will go to zero are the ones who believe that technology will cease to improve and adapt.

>> No.28997856

>>28997728
>you see there is no reason to even have a portfolio if gold starts to increase in value because we will suddenly enter the Apocalypse and only a 357 to kill yourself with will have value

>> No.28997894

>>28989348
The only reason I am in crypto is because I don't have all the shit I would need for a SHTF scenario. Tell me something that would get me there faster other than 50/50 gambling shit. Maybe If I had all this shit like the government used to do I would help the economy and shit, until then I need the fastest way to get to self sufficiency and a double every 15 years is not enough.

>> No.28997948

So OP if I listen to you and lose money because of it especially due to opportunity cost, can you offer me your life as collateral or some other fren here? Or else nobody should bother reading what you have to type and would delete and ban you if I were a mod.

>> No.28997987

no value?
- improve/replace currencies
- improve/replace bankers
- improve/replace lenders
- improve/replace brokers
- improve/replace attorneys

and this list is non exhaustive... common the potential is bigger than huge. maybe you are simply not ready for the future. never forget that evolution/adaptation is the key to survival.

>> No.28998019

>>28997840
You can't invest in the concept of block chain. Learn context clues
>stocks are a bubble
>you see what you don't understand is that stocks are an ownership structure of a corporation and humans will continue...

>> No.28998099

>>28997987
Listen moonboy retard you can't have a business transaction without counterparty risk.
You are a utopian Marxist and don't even know it

>> No.28998211
File: 8 KB, 200x193, 10000goddamnbtc.jpg [View same] [iqdb] [saucenao] [google]
28998211

>>28998019

> crypto has no value! it's just useless computation! the real value is zero! this is a ponzi scheme! tulips!
> heh, I never said crypto wasn't valuable, I'm just saying I've crunched the numbers with my extensive and well informed model and the market is simply overbought, that's all I was saying guys, heh

>> No.28998352

>>28998211
You never answered my question-->
>>28996848

I am asking you if I have understood what you have written.
You have said that having a store of value is redundant now. Is this correct?

>> No.28998434

>>28998019
ok, enjoy your 7% APY on your $40,000 USD annual salary and keep trying to convince yourself that boomer products will never be dethroned, backwards thinking cuck

You can't invest in the concept of the internet either, but you could invest in amazon & google, your logic is just really fucking shit, and that's why you're salty about this entire thing, you missed out because you lack foresight and will continue to perpetually spiral into a bitter & twisted future hodling on to your <0.5% interest rate from your savings account.

Enjoy your extra 5 bucks a year from uncle sam while they swing your money during the institutional investment era in crypto and earn billions while fucking retards like yourself accept being fucked in the ass by inflation.

>> No.28998527

>>28998211
No I'm saying that bitcoin et al are worthless and going to zero and that ethereum is obviously overpriced as a computational token because people are treating it as a currency.
None can be money because demand doesn't change supply and the other way around

>> No.28998721

>>28989348
>has no value on to itself
>can’t use crypto in car battery
>can’t use crypto in fillings
>can’t use crypto in electronics
>can’t use crypto in aerospace

So your only use cases for gold are from tech invented after gold was widely used as currency?

Keep telling yourself anyone invests in gold for its intrinsic value retard.

>> No.28998736

>>28998527
the price is being driven up because people are using it to buy ERC20 tokens and invest in DEFI and DAPP products. The same will happen to products that replace it, the value is legitimate and not because people are hodling it as a currency, because they are using it in actual products. You don't understand this because you've never even tried to experiment with it, this is dumb as fuck. I don't even like ETH that much and think there's better products but holy fucking shit i'm not that delusional

>> No.28998886

>>28998352
>You have said that having a store of value is redundant now. Is this correct?

I said that a currency doesn't need to be a store of value because the store of value property originates in a context where counterfeiting, inflationary rugpulls, and central decrees were a risk. Thus people wanted to trade for/with something that would have some intrinsic value in between exchanges.

>> No.28998894

>>28998434
No retard you were the one that said "bitcoin is a good idea because block chain is a good idea"
I own crypto, faggot. Learn what projection is, because you're doing it

>> No.28998922

What holds more value.. A literal gold bar that okay maybe you can use it as a good conductive material or maybe just get a fucking capped tooth with it, OR


a product that literally solves most logistics problems that we face today and shortens the time by using contracts for things like, buying a fucking house, wiring or transferring money, transferring value, or setting up an agreement to exchange assets, or any number of things by cutting down the time of logistical problems from weeks to literal minutes, think about it. The main selling point of blockchain is NOT a store of value, it's a logistics problem.

>> No.28998998

>>28998736
No I agree, but the price of ETH is artificially high because people hold it speculatively. The price of a defi trade isn't $60 because of the demand for defi trades. Its $60 because of the low float of eth

>> No.28999032
File: 85 KB, 765x510, thot drinking money.jpg [View same] [iqdb] [saucenao] [google]
28999032

>>28989348
>i can't use crypto in a car battery. i can't use crypto as a filling in my tooth. i can't put crypto into electronics. i can't put crypto into aerospace.
May I interest you in investing your money into commodity even more useful than gold?
Water is an universal solvent, it's necessary to everything from agriculture to advanced technological processes. You also need it to stay alive.
Throw away your shiny rocks, invest in water.

>> No.28999047

>what is currency

>> No.28999062

>>28998894
i never even mentioned bitcoin you schizo gold hoarding faggot, i spoke of blockchain tech and decentralised finances and applications in general

>> No.28999077

>>28998998
>No I agree, but the price of ETH is artificially high because people hold it speculatively

is there any asset that is not "artificially high" right now because of speculation?

isn't it the case that just about any asset would fare better than fiat in the post-covid inflationary wave we're about to get hit by?

>> No.28999089

>>28998922
Pls explain how bitcoin solves literally any of those problems. I will wait. It is more expensive and risky than a wire (volatility)

>> No.28999115

>>28998886
I think this is why it is very easy to talk past each other.
I can understand why you are bullish crypto if you believe currency doesn't need to have a store of value property.
If I worked for 1,000 hours and accumulated say an excess of $50,000, I would want wherever I put that money to store its value, otherwise I could lose the value of the 1,000 hours of work I have performed.
I wouldn't invest in a currency that does not have a store of value, ever, because its function as a currency is to transfer value. If it isn't a reliable store of value I wouldn't want to touch it, ever.

>> No.28999154

>>28999062
And I pointed out that op is obviously pointing to bitcoin specifically and literally said you can't pick up context clues. Good job going full circle dipshit

>> No.28999189

>>28990670
I hate gold bugs. Cant for asteroid mining to wreck their shit.

>> No.28999230

>>28999077
Idk sugar looks unaffected, oil seems rationally priced, silver isn't crazy, lumber is high for natural reasons

>> No.28999258

>>28999089
>thinks bitcoin is the only thing relevant in blockchain technology
>doesn't understand what a blockchain is
>OP is a faggot & doesn't understand money.
>doesn't realise that bitcoin already solves the issue of logistics with asset value transfer, and is just the tip of the iceberg, but still incredible valuable and worth more long term than any other asset in your boomer folio

>> No.28999425

>>28999089
volatility stabilizes as adoption increases, volatility only exists currently because of speculation. the introduction of bitcoin to every day use over time will pretty much make all your points redundant

>> No.28999611

>>28989348
>I don't see anyone making contracts in crypto either because it is way too volatile
Come back when your brain gets a wrinkle or two.

>> No.28999644
File: 24 KB, 428x424, 1611964898262.jpg [View same] [iqdb] [saucenao] [google]
28999644

>>28989348
this retard is still stuck on the "cryptocurrency" meme
you know this is spawning a whole knew industry right? right, retard? you know there are other use cases, right?
and even if it were just a store of value you know people used to use tally sticks or shells as money?
"Huurrhrhrr Durrhsr THAS NOT MONEY BRUV"
money if whatever we all agree upon. USD is in the gutter and everyone knows it.
BTC is just the trojan horse for CBDC, get on on get rekt

>> No.28999801

>>28999258
>market is going to crash
>he's clearly talking about 5% of it specifically
>>28999425
>volatility stabilizes as adoption increases
Except it hasnt. Go look at talebs twitter. Even silver is less volatile than bitcoin and is a way smaller market with way more leverage

Money can't be deflationary
Nice try faggot go learn something

>> No.28999830

OP is right in that there are way to many cryptocurrencies. But as a concept its mega legit and will be a part of humanity going forward now.
However, I think there will be at most 1000-2000, IF THAT. (1980s bill gates vibe to that statement, but i think so)

>> No.28999871

>>28989348
You guys keep crying, and BTC keeps mooning.

>> No.28999995

>>28989348
Decent arguments. Taken into account. Thank you I plan on getting out before 100k, and I have already cashed way more than my initial investment. but why stack gold when silver has more intrinsic value?

>> No.29000124

>>28999995
why do you prefer silver over gold? would like to hear.

>> No.29000133

>>28989348
What would you value the Mona Lisa at? The cost of the materials used to make it? Things are worth what people are willing to pay for them.

>> No.29000199

>>28999644
>95% of the market cap is people thinking this is the new money
>op claims its a ponzi scheme
>dONT yoU kNOw ABoUt tHe OracLe ProbLem

>> No.29000277

i give up with this thread, OP is just a retarded faggot & so is poo coloured ID guy, enjoy your shit life

>> No.29000299

>>29000124
People stack silver either because of the high industrial floor and lack of monetary pricing or because of the comex/YouTube schizo memes
Its safer than gold but more volatile and probably has more upside

>> No.29000393

>>29000133
Yeah let's compare art to money
>>29000277
>thinks I'm op
>obviously not

>> No.29000451

>>28989348
Bitcoins are only a expression of the network. You can copy the code but you can't copy the network i.e. miners and nodes

>> No.29000528

>>29000393
Why not? Neither art or cryptocurrency has intrinsic value. The value comes from what people are willing to trade for them.

>> No.29000675

The whole hash thing keeps me from investing tbqh. We're led to believe that SHA-256 hasn't been "broken" but whose word are we really taking there? First rule of security is to assume everything's already compromised.

>> No.29000686

>>29000528
atleast art is 1 of a kind with lots of historical context.
cryposhits are literally being shat out every day.
crypto like bitcoin is meant to have a finite supply but that doesnt stop 10,000 new crypto shit coins being created every year that do exactly the same thing which is and of itself a form of new supply which will destroy btc value.
atleast art has 1 creator and only 1 piece frozen in time. i would put art above crypto because it is also tangible and will likely appreciate with the passing of time. crypto will likely depreciate with the passing of time as more and more of them are created that are technologically superior to its predecessors.

>> No.29000761

>>29000299
so silver is a better bet than gold you think?
assuming the us dollar collapses over the next 5 years

>> No.29000833
File: 1.25 MB, 1390x1152, 1611770262572.png [View same] [iqdb] [saucenao] [google]
29000833

people trying to be rational in an irrational world

>> No.29000844

>>29000528
Because I can copy bitcoin
I can't copy the Mona Lisa and have it BE the Mona Lisa its like real estate vs stock. I can totally copy a company's operating methods and steal their employees and my company is now what that company was. A specific piece of real estate cannot be replicated

You may be interested in looking up the common law concept of specific performance

>> No.29000869

>iNtrInsiC vAlUe
lmao literally nothing has intrinsic value, literally everything is confined to utility for some specific purpose(s) for some specific person(s). Even shiny rocks are just shiny rocks you can't eat to literally everyone but a tiny subset of the population that knows how to turn them into things that are useful when an industrial society is functioning normally. Trying to "intrinsic value" your way out of the fact that trade in the long term is and always will be an ephemeral web of exchanged promises is boomerbrain cope.

>> No.29000914

>>29000761
I own gold as a "cash" because of low daily volatility. Outside of my cash needs I don't own gold. I'd rather own silver, stocks, grain etc

>> No.29001000

>>29000686
I'm waiting for the bundle coins, tossing 4 or more tech together.
Fun coin + Unimundo coin + Cackle coin + Karrot coin =
Gerry coin + Alphacentauri coin + Yolocoin =
Newpoint coin + Intergrity coin + Gerry coin + Goodvibes coin + Electrified coin.. I am sure they will find a 6th coin to mix in to make an ultimate coin.

>> No.29001033

>>29000844
>>29000914
>effortposting on /biz/
You're just going to get frustrated as 16 year old redditors reply with nothing more than "lmao stay poor". These people don't understand money, gold, bonds, backing, rates, etc. Most of them don't even understand BTC or crypto. They just want to get rich quick. You're banging your head against a brick wall.

>> No.29001071
File: 272 KB, 405x405, Retard76.png [View same] [iqdb] [saucenao] [google]
29001071

>>29000844
>thinks mona Lisa isnt a copy
>he doesnt know

>> No.29001141

>>29000844
>Because I can copy bitcoin
Do it and watch what happens. Stupid faggot.

>specific performance
1L trash who studied some shitbrain loser subject in undergrad detected. Your school is probably tier 4 and you should drop out before you go anymore broke.

>> No.29001148

>>29000844
You can copy the code but you can't copy the network. Bitcoin's value is a expression of its network i.e.miners and nodes

>> No.29001204

>>29001033
I'm having fun shitposting right now. I'm the guy that makes the bond threads on here. The bond market has me really confused right now and I'm using this as a frustration outlet.
Also I often shitpost in these threads to absorb crypto/gold talk from going to another thread

>> No.29001249

Can anyone share their profit taking philosophy? I'm getting antsy

>> No.29001289

>>29000686
Not really. Some art has historical context, but there is a lot of modern art that goes for thousands as well. And rich people often use art as a store of value, just like bitcoin. Also you are making a lot of assumptions about things that would destroy the value of BTC, you could just as easily make the same sort of assuptions about art (it could burn, useless in the Apocalypse, people find out artist had some opinion they consider heinous, some new art is made that is yechnically superior, etc).

>> No.29001306
File: 70 KB, 1024x1024, Retard75.jpg [View same] [iqdb] [saucenao] [google]
29001306

>>29001204
>bond market
Hahahahahahaha

>> No.29001316

>does it without a central authority who can fuck with you because you are a wrongthinker or some other fly in the ointment of the powers that be.
enter: chainlink

>> No.29001359

>>29001141
Do you want to sit here and explain how specific performance wasn't useful in explaining my point succinctly faggot?
But yeah your shitpost is smarter than the common law tradition
Unironically hire a financial planner

>> No.29001377
File: 21 KB, 1280x1280, A525C0FB-F63F-496C-A3E7-876B8B9D8724.png [View same] [iqdb] [saucenao] [google]
29001377

>>28989348
Didn’t read. Holding this bitch till i drop. 100k 2025

>> No.29001419

>>28992786
That's not an argument, cope.

Also, you will never be a woman.

>> No.29001427

>>29001306
>literally the only market that impacts everything
>lol look at this retard looking at bonds lmao

>> No.29001487

>>28989348
nice blog, just bought 50k of BTC - digital gold

>> No.29001490

>>29001204
Clown market, anon. A result of extreme manipulation. Either Powell is going to tank the market by refusing to buy more bonds before he leaves and rates will go up, or they'll print more money and buy more bonds. Either way it's bullish for gold. Just sit back and enjoy the show.

>>29001306
The US bond market is arguably the most important market in the world.

>> No.29001600

>>29000000

>> No.29001613
File: 195 KB, 798x770, Pepe laugh7.jpg [View same] [iqdb] [saucenao] [google]
29001613

>>29001427
Im laughing at you because whats happening is obvious in the bond market. Good luck figuring that out you shitposting nigger.

>> No.29001670

>>28999999

>> No.29001731

>>29001613
Not him but please explain, oh enlightened one. Will line go up or down and why?

>> No.29001853
File: 120 KB, 554x400, Fuckyou2.gif [View same] [iqdb] [saucenao] [google]
29001853

>>29001731
Nope. Simply as punishment for this PM/crypto divide and conquer fud. Suck my cock jannies.

>> No.29001924

>>29001613
Nigger I am going to make money on any outcome in the bond market. Yet I still watch it because we live in a dynamic world. If this was the 90s you'd be one of the ones carried out by your feet because "sovereigns would never default on debt in their own currency"

>> No.29001980

>>29001853
Prefect shitposting id

>> No.29001994

>>29001377
This will probably be the first coin targeted by politicians to be banned because of connections to the underworld etc.
It will probably be outlawed before bitcoin does.
20 years for each monero coin in your possession.

>> No.29002077

>>29001613
Bro I am confused as fuck by the bond market. 10 years are going up - why? There is no way the fed can increase rates because they deny inflation even exists. If it does exist and rates do go up then stocks should be getting destroyed.

>> No.29002128

>>28993582
>he thinks a chink with a ghetto amazon is relevant

>> No.29002244
File: 65 KB, 783x1024, Comfy48.jpg [View same] [iqdb] [saucenao] [google]
29002244

>>29002077
>>29001994
>>29001924
Enjoy the ride boys hahahahahaha

>> No.29002341

>>29001994
He's obviously shitposting but the past two days have been the most confusing game of Mexican poker standoff ever. I really think Powell is dumb enough to let 10+ go sky high and I think the market thinks so too but its in no ones interest to jump the gun

THIS IS NOW A BOND THREAD

>> No.29002485
File: 150 KB, 500x333, You.gif [View same] [iqdb] [saucenao] [google]
29002485

>>29002341
This is now a fag thread!

>> No.29002655

>>29002485
And yet here you are

>> No.29002709

>>28989348
Go play mahjong, boomer

>> No.29003002
File: 158 KB, 600x750, Baseddepartment14.png [View same] [iqdb] [saucenao] [google]
29003002

>>29002655

Thats you. Thats what you sound like. Im probably talking to that dumb bitch chatbot AI that I raped. Becareful anon.

>> No.29003323

>>28989348

tbf the main flaw i can see with crypto is the sheer energy usage

if you offered me a choice id own mostly land or property desu, renting out and taking money from wagecucks is life on easy mode because the wealthy almost everywhere have realised they can legislate to set themselves and their friends/family up for life

>> No.29003430
File: 13 KB, 644x800, d90.png [View same] [iqdb] [saucenao] [google]
29003430

>>28989348
>money i cant spend that goes up and down until im up 5% after 20 years

>> No.29003532

>>29003430
20 years of bitcoin will be -100%

>> No.29003565

>>28990532
god look how fucking pessimistic and cringe virgin weebs are

>> No.29003620

When did Peter Schiff start shilling on 4chan?

>> No.29003928

>>28992318
>crypto fiat

I don't think you quite understand what this fiat word means champ

>> No.29004033
File: 122 KB, 1139x900, 69C640C9-F78B-4493-BF8F-A20C3BE0D135.jpg [View same] [iqdb] [saucenao] [google]
29004033

>> No.29004076

>>29003928
its not backed by anything, that is fiat.
fiat requires faith in its value in order to keep it valuable.
government keeps its fiat valuable by throwing you in prison if you dont pay your taxes using their fiat.
crypto fiat is even worse becasue there is no paradigm in place to enforce ownership, its fiat without the stick to punish those that dont use it, so its even worse

>> No.29004095

>>28989348
Kys

>> No.29004104

>>29003928
It’s fiat cause you can just print unlimited bitcoin at anytime right guys

>> No.29004365

While Bitcoin might be a ponzi scheme because it's useless as a currency and too volatile to be a "store of value," that doesn't mean that the rest of the crypto space is like that. Projects like ETH and LINK offer a great value-proposition compared to the world of traditional finance, and while they're still a while away from realizing that proposition (scaling, staking, etc), that doesn't mean that the DeFi tidal wave isn't going to sweep away the inefficient and archaic world of centralized finance.

>> No.29004429

You had 10 years, retard boomer.

>> No.29004479

>>29004076
I get that you're just concern trolling, but let me humor you in the slight chance that you're just a tremendous retard. Bitcoin is not a government issued currency. It is not a centrally printed, inflatable, representative money system, it is in itself a store of value.

Pray tell how I should have the utmost faith that gold is guaranteed to retain value above all else? Because it is a malleable metal with highly specific use cases? Give me a fucking break.

>> No.29004544

>>29004365
>a new asset class
>it’s volatile
>complaining getting in early rather then buying when it’s in the multi trillions mc and more stable

>> No.29004656

>>29004479
it doesnt matter if its government issued, it can still be fiat.
it doesn't matter if it can't be inflated, it is still fiat.
the definition of fiat is the fact it isn't backed by a commodity.
it isn't a store of value because it can't be used as anything except as a means of transfer. it has nothing attached to it.
gold will retain its value because it is not only a store of wealth that doesn't rust but it is also used in real world industrial applications.
in 10 years gold will be US$5k and bitcoin will be zero. that is what a store of value looks like.

>> No.29004733

>>29004544
BTC's stability has not increased even though its price has gone up 10000x. I would love for BTC to work out and become the new reserve currency, but I just don't see an end to the volatility as long as people look at sats and see fiat.

>> No.29004737

>>28989348
You're talking like a long term investor and you're showing pictures of gold.
Yea if that's your plan stay out of Crypto.
Crypto is for swinging within hours, days, or weeks. And yea it probably is a bubble that's going to collapse in time but you can play it now with it's chaotic ups and downs, read patterns, and buy in and out.
But long term? Stocks not coins. Do TI stock that's always an steady upper.

>> No.29004779
File: 197 KB, 1080x598, Screenshot_20210217-221500.jpg [View same] [iqdb] [saucenao] [google]
29004779

Saving this post for future generations to laugh at

>> No.29004840

You would have to forget the last 50 years of computing and last 100 years of cryptography to believe what this faggot is saying. If every authority on earth shit the bed and I was left with the bag the first thing I would do is coordinate with anybody that had computing power and security to pump this failed excitement known as homo sapien. That's why I'm an Algonaut.

>> No.29004895
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29004895

What's preventing a university or government agency from putting together a supercomputer just to mine bitcoin?

I have no idea how any of this works.

>> No.29004925

>>29004733
I hope you’re trolling, the volatility is down year on year and I’ve been in since 2013

>> No.29005049
File: 60 KB, 958x421, shitcoin.jpg [View same] [iqdb] [saucenao] [google]
29005049

>>29004779
put this in the screencap too, straight from bitcoin.org
this could never be said of gold.

>> No.29005065
File: 97 KB, 1154x732, EuFl8rlXcAAwI8f.jpg [View same] [iqdb] [saucenao] [google]
29005065

>>29004925
Basing it off of a Nassim Taleb tweet I saw a few minutes ago.
>https://twitter.com/nntaleb/status/1360480666509533185

>> No.29005636

>>28989348
>i will NEVER buy crypto
>not taking advantage of the biggest free-money investment opportunity of all of mankind, then converting the gains to hard assets like real estate and pm
ngmi.

>> No.29005759

>>29005636
why is it free money? why do you think it will keep going up? because more people will keep buying it? that is literally a ponzi scheme.

>> No.29005809

Kinesis Money (gold-backed crypto) makes all shitcoins obsolete.

>> No.29005928

>>28992731
>Gold and silver are units of WEALTH
They are shiny rocks you fucking nerd. All money, crypto, shiny rocks, paper, seashells or otherwise only have the value we collectively give them. That isn't "Wealth", it's just bartering.

>> No.29006293

>>29005759
It's easy money because the returns are way quicker than the stock market. I understand that crypto is purely speculative and 95% of them are destined to crash to zero. It doesn't mean I'm going to avoid it entirely when the rate of return is so damn high.
Just don't hold it for years and years, sell and convert to hard assets. What's the problem? I turned $20k in 2017 into $1.5million. If you're gonna make this about a bullshit moral thing cause of muh ponzi scheme you're a retard.

>> No.29006385

>>29005928
shiny rocks that are immortal because they dont rust or deteriorate, and have lots of unique properties which make them useful, and are incredibly scarce and physical...
cryptoshit is literally none of these things. there is a gazillion of them and they are all depreciating in terms of their true """""value""""" as technology gets better and better

>> No.29006456

>>29006293
you gambled and it worked out, congrats

>> No.29006482

>>28997814
>A company produces goods and services which is the basis of earnings and the dividend they distribute to owners.

Yeah maybe in theory. In practice the value of stock is completely divorced from real world """productivity"""
I.e. GameStop, Tesla

>> No.29006645

>>29006385
>scarce
Asteroid mining will push your shit in you retarded boomer.

>> No.29006804

>>29006645
You and your non-existent grandkids will be dead before that's economically worthwhile incel.

>> No.29006975

>>29006456
Any token that sounds decently innovative enough goes up. (LINK, ROSE, PRQ etc) This requires about 10minutes of research. You would know how easy the gains are if you tried it even once. You're avoiding it purely for ideological reasons. Even goldbugs like Mike Maloney and Robert Kiyosaki are capitalizing on this because they know it's free money. They then convert it to gold/silver. If you're not playing this game you're just paying the biggest investment opportunity cost of your life.

>> No.29007018
File: 80 KB, 962x1024, 1605056556801.jpg [View same] [iqdb] [saucenao] [google]
29007018

>>29006804
I'm already married with kids you absolute seething mongoloid. Project harder.

>> No.29007100

>>29004656
In 10 years btc will be over 1million usd

>> No.29007192

>>28989348
define, stuck, because I can be liquid in about 15 minutes or less, cunt.

>> No.29007234

>>29006975
i dont gamble lmao. i am not a retard.
i invest in stocks that 10-20x which are far less speculative than these fucking crazy coins

>> No.29007242

>>28990644
Bruh most people are poor and the future crypto dystopian society could careless if you stored 500k, imagine storing value when there are capitalist's 1%ers.

It's like me trying to convince Chinese Rice farmers to store there villages put together 50$s in Gold to maintain it's value, were in a rat race brother winner take all.

>> No.29007289

>>29007100
do you think there won't be another tech that will make bitcoin obsolete? they even say this is a possibility on their own website

>> No.29007432

>>28990044
>all currencies have no real use, and gold is especially bad because it's just a heavier, albeit shinier, version of paper money.

Jesus Christ the average iq on this board must be below 80.

>> No.29008081

>>29007234
>bragging about a 10x unicorn return after 5-10 years
Yikes. Have fun retiring in your 40's my man. Stay poor.

>> No.29008395

>>28990029
Reddit spacing Boomer newfag

>> No.29008520

Ok, OP.
Back in 2018 i felt for the bubble meme and lost half of my port bc i sold. Took me almost one entire year to make it back and here we are, again, reading the same posts. Year after year.

At this point i dont even care anymore. I wont be selling soon.

>> No.29009152

>>28990748
Cup and handle

>> No.29009618

Crypto is only a scam if you hold for good. It's highly volatile therefore you can still make money from it if you buy at the right time (bear market).

>> No.29009739

>>29009618
*Crypto is only a scam if you continue to hold during the bull market.

>> No.29010082

>>28995939
satellite internet and personal solar panels