/biz/ - Business & Finance

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I agree but only one small difference remains: the public thinks gold is more valuable and useful than bitcoin

>>30271953
If you had a billion dollars worth of bitcoin what stops one man from beating you over the head with a wrench until you transfer it to him?

>>30273495
well the public is right, it's still more useful than btc

>>30271953
And you've only just realised that now?

>>30273646
Your stash would be a very long and tedious process to get ahold of. Like having the private key broken up into 4 parts held by banks around the globe.

What an engaging thread!

>>30271953
It's only that easy because you're not actually storing any value in the first place.

What happens if no electricity

>>30271953
how many ounces of Bitcoin are used in car production each year?

>>30273770
this

>>30274058
just because it happened in texas doesn’t mean it can ever happen again anywhere else for all time.

>>30274099
it's cool but what about the gainz? like i said, metals are currently more useful than crypto, but you'd wish for yourmoney to grow right?

>>30274261
not really...

>>30274153
bill gates will do this to us all to make us submitto the NWO
You WILL live in the pod

>>30274320
how you gonna fix the money? The nwo is too strong to us to do anything against it

>>30274261
Venezuela had some incredible stock price surges

>>30274401
well then enjoy a repeat of 1923 Germany when a tram ticket cost more than all the German dollars in existence in 1922.

but hey, I get it. what’s the point in actually having value in our currency, right? not like draining the precious metals from the currency lead to the fall of Rome or anything...

>>30274405
i haven't heard about this, seems interesting.
But it won't last long since the US is already on it's way to spread democracy there

>>30274587
The United States of America is a constitutional republic. a leaf shouldn’t have to tell you this.

>>30274470
i'm starting to get what you are saying. But in this case, won't crypto grow too?

>>30271953

The same can be said of any shitcoin. Why BTC in particular? why not doge?

>>30274648
i meant (((democracy))) in the worst fucking way

>>30271953
Yes and no.
Realistically you have to just make a chart to compare and contrast.
But bitcoins biggest risk is that its a fad that goes away.
Crypto is probably here to stay.
But the crypto space would lose SO much credibility if bitcoin died.
That supply scarcity that we love to talk about of 21million bitcoins, that only applies as long as bitcoin stays dominant.
If you fracture the space into an infinate number of altcoins then there would be a supply limit for each coin, but no CRYPTO supply limit.
Additionally bitcoins biggest strength is also a weakness.
The fact that it isnt real is a strength and a weakness.
Its a strength in that it means you can carry it on a plane without anyone knowing.
Its a weakness because it means that you cant really do anything with a bitcoin.
You cant make anything out of a bitcoin.
Silver on the other hand yes it has mass with is a drawback.
But its mass is also its strength.
Its in huge demand by industry.

The moral of the story really is that its dumb to talk about which one is better.
What is better food or water?
Idk they are both really damn important and that question is dumb.

>>30274470

Can't make the difference between linear scale and log scale

>>30274653
I don’t know, will it? will it still be accessible with rolling blackouts, miners banned in China, energy prices sharply increasing, more and more people being banned from accessing internet due to low social credit scores...

>>30274736
network effects.

"why not muh myspace its the same thing"

>>30274825
You just convinced me, i get it now. Will buy 15 oz today

>>30273495
as if the public never changed their mind about anything...

>>30274825
but to be fair, when the nwo-ish dystopia comes around, it doesnt matter what you have, bitcoin or silver, you won't be able to use any of it due to surveillance from the state

>>30275000
that will do

>>30275067
I don’t live in a city. Never have. I got my meat from a Mennonite community for over 10 years. They don’t even have email out there. I bet I could pay with gold and silver tho.

>>30274776
good breakdown you did there anon

imo btc is just too big to die out desu. Even if it does, it will just transform into a better alternative of it because ain't nobody paying those fees bruh

>>30275159
This is my fucking dream mate, i'm really happy for you.

>>30274736
because bitcoin is too big to go off the radars

>>30275229
>Bitcoin is too big to die out
what good is it if the only people who will accept it are making shit no one actually needs? if you can’t buy food or shelter with it when you need the food or shelter, it’s not much use. I wouldn’t accept Bitcoin, I would tell them to get cash or fuck off, and I don’t have to tell you what I would do with a good chunk of that cash...

>>30275470
I agree with you, i dont think any person in their sane mind would want to accept btc unless they are selling something very expensive because crazy fees

>>30275470
but I get your general point though. ill buy some silver coins today thanks for the help

>>30275470
agreed, right now the pure bitcoin transactions are few and far in between. Most "bitcoin payment" solutions go through fiat first anyway.

>>30271953
Bitcoin is a false store of value. Trillions of dollars in fake wealth is one the books and once it evaporates, people will not be storing value in literal nothing.

Crypto is like underwater cave diving. You are collecting treasure at the bottom of a cave but once you get that alarm that your air is low, the economy is crashing due to a credit event, you will think you are safe and swim to the surface but you are headed straight up a false chimney and will drown. You put money IN, but will not get value OUT. The leverage is a CLAIM on wealth in the future, and there are millions of PAPER MILLIONAIRES. Everyone is going to want raw ownership of goods and capital that actually exists. We won't be going from a situation where debt is found to be unpayable to someone saying "Yea, send me some bitcoin for my gold bar". No way. Impossible.

>>30274825
In that situation your shiny rocks wouldn't be worth anything either. Let me guess, you're a boomer? Typical doom and gloom fantasy.

>>30276846

Imagine spending your whole life accumulating shiny rocks and missing out on real wealth vehicles, and then shit actually hits the fan one day in your old life, and your shit rocks lose value too lmao

>>30276723
this is an absolute wake up call. pretty sad since ive already put my life savings into crypto, made a 2x but as you have said, i can't get them out

>>30271953
SHITCOIN VS SILVER

Shitcoin is the ultimate monetary version of the emperors new clothes meme to the extreme! Consider the following:

1) Shitcoin protocols are open source, anyone can clone a shitcoin network. Think of email protocols, hotmail was one of the first. BTC is no different. Nothing special. Just like the 90s people did not have email accounts and a hotmail account was a novelty.

2) Silver, a rare precious metal. Limited availability and mission critical for a range of industrial applications, especially IT hardware. Without silver there is no shitcoin network.

3) Silver mining vs Shitcoin meme mining:
Thousands of tonnes of ore has to be processed consuming massive amount of energy and labor to produce just an ounce of silver.

Shitcoin meme mining is just a computer algo puzzle that has to be solved for the sake of solving to prevent double spending / fraud. Has nothing to do with actually creating 'value'. Worse, it actually removes value since crypto mining takes up a ton of electricity.

4) ZERO PRIVACY + centralized mining: public ledger + blockchain + globohomo ispyonu24/7 device = shitcoin can be seized anytime anyplace by globohomo!

5) WALLETS AND EXCHANGES HAVE BEEN HACKED! SILVER CANT BE HACKED!

6) GLOBOHOMO BANKSTER PERVERTED LOGIC: Shitcoin pricing vs silver pricing

Shitcoin is priced at 50K, projected to reach a million plus while silver is projected to sink to as low as $15/oz by the banksters.

Gee I wonder why? Without cheap electronics there is no shitcoin meme mining gear or low cost PCs, laptops, smartphones etc to transfer shitcoins to each other.

TLDR: Shitcoin is the new emperor with no clothes, while Silver is both a monetary and technology metal...the new 'gold' without which there is no IT industry, EV, solar panels or the Green new deal. Without cheap silver big tech Globohomo dies! PHYSICAL SILVER = BITCOIN circa 2011/ 2012...A STEAL AT $30/OZ!!!

>>30276984
How will they be losing value though?

>>30277060
top notch trolling dude, love it

>>30276723
These paper millionaires own huge portfolios, but there is a massive foundation of BAD paper debts and BAD corporations built on a service sector we can't support without more leverage. We literally have to print trillions a year just to keep things from collapsing.
Your pension programs, your social security, your insurance companies all own these bad debts. Everyone is going to be feeling the pain. You will wreck your car and your insurance company won't have the capital to pay your back. Your parent's social security payments will be able to buy toilet paper and cat food. Resources are going to be SCARCE. So in this undoing, it is better to be invested in the foundational layers of an economy such as manufacturing necessary goods and base layer production such as mining.
People will be cooking from home and NOT going to applebees. Understand? And restaurants and other places will be toppling like dominos.

>>30277106
hmm. good breakdown. What do you think the price will be for silver in 10 years?

>>30277154
>Resources are going to be SCARCE
Okay. Why would I trade my scarce resources for shiny rocks then? Enjoy eating your silver bro.

>>30277154
well i may be trolling but desu i really dont know how do i get out of this online game called cryptocurrencies

>>30277060
That door is going to slam shut one of these days. Think you're fast enough to get out? A look at the past two decades there has been carnage all over the place from asset bubbles. Crypto deflation is going to be catastrophic. Mark my words, there were loads of suicides during the great depression, and the level of collapse is going to be even worse.

Holy shit europoors are even more retarded than americucks. This thread even existing makes me want to nuke em.

>>30277467
but you don't have any ressources now, only cash that is losing it's value

>>30277250
>>30277467
meant for you
>>30277509
I know right? I tried calling Binance support today about cashing out and I just heard them laugh before hanging up on me. I think I should have bought silver..

>>30271953

Bitcoin isn't better than steel though check HRC futures lol

Based thread

>>30271953
inb4 1 bitcoin will be worth 50 million united states dollars in 2031 and if you put the same $1,000 today you would be millionaire

>>30273770
>actually thinking billionaires have a 'stash' of billions in currency
>thinking you'd resist torture
>thinking this ridiculous plan to hide your stash is in any way practical

I swear this websites average age is 16

>>30271953
What dat mouf do?

>>30277599
man im on suicide watch rn wtf did i get myself into

>>30277413
Silver will reach 5k+.

This year shit is going down and it will go far beyond silver, because of the bankster's inability to 'print' commodities like they print fiat or shitcoin protocols. summer 2021, the rotshchild rockefeller system is going to come crashing down, a historical once in a 600 year event type economic crash. Nobody will be spared. A global metals panic will happen except instead of toilet paper and bleach, fools with fiat are going to desperately search for gold and silver but will find nothing! By end of 2021 we will be in a global precious metal standard with the price of an ounce of silver being the reference global monetary unit for all international banking, pricing of currencies and foreign exchange! This is because the enormous need for industry to physically hoard their own stash of silver once COOMEX defaults will manifest into a global metals panic since silver is a monetary metal.

Lets say the trust funds, big banks and worst of all insurance companies lose confidence in fiat and put 5% of their valuation into silver? AXA alone putting 5% of its cash into silver could purchase all the bullion currently existing. Imagine if it was on a global scale, it would leak to all tangible assets, even wood or grains of sand at this point. It would entirely halt the production of everything and push price discovery of every commodity sky high.

This is why the system needs an exit strategy by creating a whole world of infinite fiat resources that can be created at will: the crypto-space. You can create 100 billions XRP and then tomorrow morning add 100000 billions of a new shitcoin and it wont impact the real world in the slightest. Just sponges to soak up fiat fed printed money!

Silver and gold are the canary in the coal mine because they historically have been money for the past 5k years and have all the functions asked to be a perfect medium of exchange (fungible, divisible, portable, durable, uniform). GLOBAL METALS PANIC INCOMING!

OP is mixing store of value with Tether filled scam.

Digital gold is also the latest purpose invented for BTC as it has failed in everything else so far.

>>30271953
>Bitcoin is a better store of value as it desn't need a whole armed security team to transport a large amount of it, you can literally send a billion dollars sitting on your toilet.

You can already do this with Kinesis Money

You can't do it with Bitcoin because there's no value to send

>>30273770
>Your stash would be a very long and tedious process to get ahold of.
Nah dog, Pedro and a few of his associates can make you cough up the details. You'll be coughing up some other stuff too but don't worry, they won't render you incapable of talking.

>>30277531
thanks for advice my friend. bad thing all of my net worth is in it now, but good thing is that my net worth was nothing from the start

>>30271953
Does BTC have any actual value or did people just go "let's agree to use this as digital gold mmkay"

>>30274542
Intelligent money is dumping BTC to go into silver as we speak

>>30277137

What makes you think people are going to swarm useless rocks if society is collapsing? It's literally a hunch on your part. Gunfags have a much stronger argument.

>>30278341
>What makes you think people are going to swarm useless rocks if society is collapsing? It's literally a hunch on your part. Gunfags have a much stronger argument.
Every fiat-money collapse that ever happened in history?

>>30278238
and they can't do the same regarding the location of your shiny boomer rocks why?

>>30274653
The world is preparing to go back to gold, not BTC

As soon as the dollar dumps BTC will immediately dump to zero along with every other bubble

stop discussing about bridges if you don’t understand how they are working
this hypetrane wouldn’t work on /biz/
go tell about this shilling on fb or Twitter lil tard
my broz not a tards , we hold and farm on julswap

>>30278400
The point is that btc's "easy and safe storage" isn't actually that safe. Maxi's often use this attribute as a reason for btc's superiority, but it's really just not real

>>30278286
Do shiny rocks have any actual value

>>30278454
>you didn't ACTUALLY think your digital corn was worth something, DID YOU? Nothin' personnel kid.

>>30278383
fucking this

>>30278454
what the fuck man, don't do this to me

>>30277467
Because if you need a store of value, you are going to want to have something with trade value that you can hold. This is going to be an era where people who had their wealth in financial assets likely lost there life savings. You won't be trusting counter party risk. Look at what happened to people who worked for Enron. They lost there asses.
If metals become a relevant player in balancing international trade again so one country cannot repeat the mistake of the U.S., then gold will carry a hefty price because it's use in trade value will be globally accepted. Metals have a smaller role to play now, but we will be reverting back to a hard currency as no one will be trusting fiat after they get there asses burned.

>>30278670
FUCK YOU
HOW THE FUCK DO I CASH OUT NOW
MY BANK WILL RAPE ME

>>30278786
you already have niggers looting entire cities, why would they trade boomer rocks instead of shooting you and taking your shit?

>>30278634
You wouldn't be able to send this without the shiny rocks in your computer

>>30278970
lmao kinda this

>>30278123
Yes. Shifting stores of value to hard assets would reward the actual producing classes over the paper pushing class.

>>30278634

>>30271953

you're confusing price with value. value can only change if the function changes. price can change for any reason, including a mania.

is the function of bitcoin going to change? if a better token comes along (faster, cheaper to transact, who knows what the future holds), will people really continue to pay a premium for bitcoin?

>>30278970
Niggers have nothing of value to trade. So no one is going to be doing any business with them. Right now they have Biden bux which they spend at Walmart or the local gas station! Post crash they can’t move beyond their hood!

>>30271953

and would you agree that if something is valuable, then 1 person having the entire supply would make them wealthy?

1 person owning all the oil in the world would be insanely wealthy
1 person owning all the land in a country would be insanely wealthy
1 person owning all the gold in the world would be insanely wealthy

1 person owning all the bitcoin in the world would have nothing, it would be worthless

>>30278670
>>30278767
Picture related

>>30274401
It's simple, anon, buy silver

>>30278454
USA has no gold like Canada...just tungsten bars in Fort Knox. Your infographic data sheet is wrong fern. What little gold the USA has is actually held by JPM and has been leased released and hypothecated a million times over to keep gold prices artificially low!

>>30274405
>17oz of silver to buy a new car

so you can buy a new volkswagon in venezuela for under $1,000 usd? I don't believe you.

>>30279462
fuck.

>>30280218
If Fort Knox is empty, that means that America is about to become third-world rather than simply second-world

>>30275229
>imo btc is just too big to die out desu.
I hope so.
But thats one thing about fads.
They can get BIG before they die.
I bet you more people owned beanie babies than bitcoin.

>>30271953
yes

>>30279462
but the superkikes are too smart to let this happen, aren't they?//

>>30274405
that's some cheap living

>>30277467
BTC is just an entry on a distributed ledger. The 'value' is only created when governments deliberately allow their fiat notes to be converted to your ledger entry. If they ban it, it is technically worthless. So yes for most practical purposes, to transfer or store wealth or value bitcoin is useless in places like India, china etc where it is banned if not highly regulated. Its value is directly tied to governments allowing it to have value.

The opposite is true of gold and silver! which is why you can buy armies and literally topple governments by paying in gold or silver. Gold is still the money of governments and stability, that is how the rothschilds got rich and that is why Gold remains highly hoarded by central banks and major powers around the world, unironically in JPM LBMA vaults in london and New York and those days are coming to an end once COMEX collapses wrt silver...the first domino to fall.

Bitcoin is a deep state scam to soak up fiat printed fed dollars into a new invisible bullshit store of value, much like the emperors new clothes. The banksters are literally attempting that with bitcoin and it is going to backfire and fail in an epic way.

London and New York are able to run a credit DEBT BASED economy because they are the price discovery centers for gold and silver. This allows them to keep the price of precious metals low thereby increasing the purchasing power of the dollar and the pound eliminating inflation. This year they are going to lose that power!

This has nothing to do with being a gold or silver bug. This is a geopolitical event. 2020 the US UK lost the petrodollar:
https://web.archive.org/web/20210103010525/https://jonsnewplace.wordpress.com/2020/04/01/covid-19-ten-things-to-think-about/

2021 US UK Israel are going to lose the power over pricing of precious metals! The power to control inflation via COMEX AND LBMA SILVER AND GOLD SHORTS TO INFLUENCE PRICE DISCOVERY! HYPER METALS INFLATION ECONOMY INCOMING!!!

>>30271953
This shit barelly costs more than a Charizard card. I'm not impressed

>>30280428
physical silver shorting HIGH IQ hedgie jews are our best friends and allies now! If they let the price of silver rise, their entire house of shorts collapses, so they are forced to sell discounted silver to the goyim!

>>30273770
i promise you you'll be singing your seed phrase after glowies clamp down your testicles with a pair of vice grips and start twisting
>>30274058
this man gets it
>>30274153
>there's no way the lights can ever go off again bro
ngmi

>>30280750
exactly. and i don't think they'd let the goyim drive the price up

>>30280775
>LervPILg
based

>>30277467
rats can't eat gold and silver either, but they can eat or destroy just about anything else you might use for trade

>>30271953
Bitcoin to the moon
Gamestop squeeze the bankers

>>30281075
accidentally put >id
i was talking about your post

>>30281097
then they can eat lead, much like you will

>>30271953
5000 yrs of human avarice vs 13

Oops I'm suddenly homeless because I dropped my wallet in a puddle.

>>30281795
kek

>>30280313
you could very likely find someone in venezuela who would trade $1000USD for a volkswagen, yes
good luck getting it home tho

>>30282170
the seller won't get back home with his 1k either

>>30281668
>wasting boolets on rats
very poor use of resources m8, poisoning spoiled rice and using traps work much better with significantly reduced opportunity cost desu
>imma shoot you
k raekwon'darius, better shoot first desu

>>30273495
So just imagine what'll happen to the price when they realise it's not

>>30271953
No

>>30271953
Gold is my physical stablecoin, feels comfy to not be a maxi for any one asset.

>>30285757
That's a good way to think about it

Bitcoin is already finished. Buy the real peer-to-peer digital currency.