/biz/ - Business & Finance

Cope

>>29558495
Crypto, yes, BTC as timeless nr 1 no (250k+ in x years= u are beyond help)

BTC 5k in may

>>29558495
People don't realise that the 'store of value' thing is a total meme and only works if people buy into it. Bitcoin has zero intrinsic properties. The fact that it's scarce is irrelevant, the fact that it's efficient (even though it's not) is irrelevant. Bitcoin zealots think that if they believe hard enough that it will be a store of value, that it will become the thing they want it to be. It's the same ontological rationale that has driven every bubble in the past. In fact, the entire POINT of bitcoin is to be a bubble. By itself, it's worthless, so it's only valuable if people all genuinely believe it's valuable. Which means IT WILL NEVER BE STABLE because people have incredibly shaky beliefs when it comes to money. Oh it's great when the money goes up but watch people suddenly stop believing when it starts dropping. At which point, when do you wake up to your circular logic? When do you realise that the very fact that it has no foundation means that it cannot be the thing you want it to be and is therefore a total ponzi scheme.

>>29558495
>seething nocoiner
dr;ns

>>29558495
your argument is retarded
btc is a proof of concept for dlt, that was never meant to be anything more. Thank god defi is here and btc trading pairs haven't recovered since 2017, stable coins dwarf btc pairs. Its btcs last pump, before the end. crypto currencies are dead, dlt is here to stay

>>29558951
>Bitcoin has zero intrinsic properties
That's where you're wrong. Its intrinsic properties include but are not limited to it being
>trustless
>decentralized
>limited in supply (PROVEN MATHEMATICALLY)

If you still think that's not "intrinsic value", you're fucking retared. It will be 1M$, it's just a matter of time when. All you nocoiner fucks will be seething when it happens. Yes, it will drop, too. This is the nature of the beast, but it will never go below 20-25% of its ATH, and it will always recover. The more people use it, the more stable it will get.

>>29558495
All that, but the main point is that the largest crypto by volume has been declared fraudulent and banned in New York, with more investigations going on.

People won't be able to cash out once this house of cards runs out of suckers.

>>29559160
kek
my shit has the same intrinsic values as btc whenever I had beans. A look on the btc trading pairs and you would see, btc time has been up since 2017. Why trade with a volatile shitasset if you have stable coins

>>29559160
>That's where you're wrong. Its intrinsic properties include but are not limited to it being
Those aren't intrinsic properties, those are simply attributes of the thing itself, which is nothing, and therefore those attributes with nothing to attach themselves to are also meaningless. What can I do with bitcoin? Nothing. The only thing that makes it anything is if people buy into it, at which point the thing is not the thing itself but rather the sum of all the people buying into it.
>but muh gold is useless too
Gold is a beautiful and shiny rock that HAPPENS to be scarce. Even animals view gold as valuable. You could put an ounce of gold in front of a child and they would, not only know that it was valuable, but probably be able to make a reasonable assessment of its value. Scarcity is only relevant if the thing that's scarce has value. If there were only 10,000 bicycles in the world, they would be far more valuable than they are now.

When you buy bitcoin you aren't actually buying anything. Even on your own terms it doesn't conform to the definition of a store of value because it's too unstable and has no correlation with inflation. You're delusional if you think the entire world is going to get into this total farce. Bitcoin was only ever valuable when you could buy drugs with it.

>>29558951
>ontological >therefore
i see you've learned some new words and are eager to use them for the first time! great! bitcoin is the first asset in history with a supply that is guaranteed to be limited. the miners and holders will always choose the chain that ensures the highest possible value, and shitcoins don't have the decentralization, security through hash rate, history and track record, first mover advantage or time spent on research.

>>29558951
Um.. gold? silver? diamonds?
>b-b-but circiut boards and drill bits!
Yeah but those uses don’t justify the cost.

>>29559501
I'm sorry that you're a brainlet and think that because you don't understand some words that no one else does.

>worthless
>can sell for $50,000
????

>>29558495
BSV is Bitcoin

>>29558495
Cope more
Cope harder

>>29559500
gold is, beside its electrical properties, the same as buttcorn, worthless, without marketing and retards to buy in a narrative rather than a product or project

>>29558495
This, if people around the world just decide that the dollar is worth nothing it will be worth nothing overnight. Not sure why you chose bitcoin to illustrate this phenomenon though

>>29559654
Total nonsense. It's a rock that humans (and animals) find attractive. Its scarcity and physical stability happen to make it more valuable and an excellent store of value, but it does have intrinsic value, not just a series of attributes which relate to nothing.

>>29559804
>It's a rock that humans (and animals) find attractive.
that is a narrative, not even a meme
>Its scarcity and physical stability happen to make it more valuable and an excellent store of value
that is marketing from the 1950's

you just proved gold = bitcoin = worthless

>>29559958
>that is a narrative, not even a meme
It's a fact.
>that is marketing from the 1950's
Again, a fact.

>>29558951
>People don't realise that the 'store of value' thing is a total meme and only works if people buy into it.

Trillion dollar pension funds work the same way retard, you store value into a pension fund, and you all make money together over-time for the future to secure your wealth.

Bitcoin is basically a decentralized pension fund for the entire globe.

>>29560452
>liking something is deterministic
retarded or a narcissist, not sure
>gold has physical stability
you just lied, gold has shit physical stability, it is only interesting for its electric and 70 years ago anti germ abilities. like btc, gold has been replaced by better substitute products over the decades, and the only thing that stayed was a narrative and marketing, the same as btc

>>29558495
I'd rather use that than USD

The questions that are never addressed are:
If fiat is trash, then why are all cryptos rated in dollars? Also, why don't you spend your crypto'currency' in the form it is in now? I won't get an answer, I just like to keep reminding of this to cause the frustration and anxiety that I know this causes.

>TL;DR there are over 7,800 cryptos on the market right now ... this puts the meager selection of scratchoffs available at the Stop n Shop to shame

>>29561716
Hurrr durrr, what is early adoption. My fucking god are you retarded.

>>29560557
Then by definition those pension funds are a ponzi scheme which will crash. We saw that in 2008, but at least that had SOME foundation which was some people actually being able to pay their mortgages. Bitcoin has zero foundation.
>>29560607
>narcissistic
Says the guy who believes he's going to become a millionaire with his internet ponzi coin.
>you just lied, gold has shit physical stability
Oh I didn't lie. Maybe I'm wrong and actually gold is an immensely unstable element. Please let me know.

>>29561929
I sense frustration and also a bit of anxiety.

>you didn't answer either question

>>29562012
marketing fags cant meme
you are trying to market a shiny rock that had some value in the past but has been replaced, sad, now go die with your bags boomer