/biz/ - Business & Finance

>>52719284
A bitcoin was "worth" 20k for approximately 1-2 days at the peak of the 2017 bubble. Of course disingenous faggots like you will use the absolute peak as the prior point of reference instead of some sort of average price to present your misleading argument.

5 years is not a large amount of time

>>52719284
cycles

I don't measure my assets in usd terms because the dollar is worthless

>>52719316
>MUH CHERRY PICKED DATES
Absolute cringe cope

Bitcoin got outperformed by the S&P 500 and by a boomer index fund like the Nasdaq over the span of half a decade. If they told you Bitcoin would have been worth 16k in 2023 you wouldn't have bought it

>>52719375
>Bitcoin got outperformed by the S&P 500 and by a boomer index fund like the Nasdaq over the span of half a decade

If you cherry pick the starting points, yes. I can cherry pick starting points that prove the opposite. Shoo shoo, kike.

>>52719388
>IF YOU BOUGHT BITCOIN IN 2009 WHEN IT WASN'T TRADING ON EXCHANGES YOU WOULD HAVE MADE A GAZILLION PERCENT!!!1
It's just too difficult for you cultist faggots to admit that Bitcoin's performance has been utter shit

>>52719405
You sound awfully mad your disingenuous shenanigans got called out. Sad!

>>52719316
Kek baggie

>>52719472
I know it's tough for you to understand because you weren't even there at the time, the complete newfaggot that you are, but until even October 2017 bitcoin was no higher than 5k. Between Oct-Dec it went from 5k to 20k and spent all of 1-2 months above 5k before crashing back down in early February. If you want to use that tiny aberration as your starting point, go for it, but don't get all butthurt when you're rightfully called out on your kike behaviour by your superiors.

>>52719284
>>52719375
>>52719472
I believe it's fair to say that anyone who thinks like this is a pedophile. Because if you're a child, and you have income, the only way you can carry that money into adulthood is with Bitcoin. Fiat is a tool for exploiting children. Same goes for fiat investments like stocks and real estate, because those strategies are out of reach for kids.

>>52719316
>>52719433
>calls everyone "disingenuous"
>pretends BTC is still Bitcoin
lmao

>>52720164
https://www.coindesk.com/policy/2022/10/20/hodlonaut-wins-norwegian-lawsuit-against-self-styled-satoshi-craig-wright/

>>52719284
>Could you have ever imagined your bitcoin bags that you bought around 10k in 2017 will be worth almost half 5 years later?
Yes, certainly, that's why I sold most of it back then.

>>52720543
>calls everyone "disingenuous"
>pretends BSV being shit somehow legitimizes BTC
keep trying, baggie

>>52721731
Imagine trying to FUD bitcoin in 2022 lmao

>>52721751
>transactions still limited to 7 tps
>fees still high
>"FUD"
kek, wonder why people are moving to greener pastures

>>52721751
I know right, anyone with common sense can look at the chart and FUD out for themselves.

>>52722158
Lightning network kinda fixes this if you can trust the other party you’re transacting with.

>>52719284
Bitcoin hype died after all the stunts were exhausted. Ico bubble. Defi. Elon musk. Dog coins. Exchanges. Bitmex. You name it. Now people are woke. Crypto is a scam. It could be useful but it was hijacked by investors the central banks.

Bitcoin and crypto is another "what could have been" story.

>>52719284
>bitcoin bags
>bought around 10k in 2017
>worth half
How new are you? lol

>>52722158
Why do so many midwits don't understand that Proof-of-work as a consensus protocol is the innovation, and only innovation in the entire "crypto" space? If you don't understand PoW let this gigabrain explain it to you https://www.youtube.com/watch?v=ikPnr23h7qg

We're in it for the tech

>>52719342
>5 years is not a large amount of time
Cryptofags have already reached this point huh?

>yeah it's as slow as the stock market but at least i have a 3000000% higher chance of getting scammed!

how long until crypto copers start unironically saying "it's not about timing the market, it's about time in the market!" ?

lmao

>>52722931
>it's not about timing the market, it's about time in the market
we're already at this stage, people are saying you should hold until atleast 2025.

>>52719284
>Could you have ever imagined your bitcoin bags that you bought around 10k in 2017 will be worth almost half 5 years later?

Yes because BTC is literal air that no one wants. It is just a vehicle to bamboozle greater fools out of their real money

>>52722749
>Satoshi creates Bitcoin to avoid having to trust third parties
>BTC retards: force small blocks and fix it by trusting a third party!
>>52722853
XMR is pow but more decentralized, more private, and faster. So it is better than BTC in every single aspect.

>>52722951
>we're already at this stage, people are saying you should hold until atleast 2025.
And they'd be right.