/biz/ - Business & Finance

>>55696780

pathetic

>>55696780
Bitcoin is just a tech stock. Created by the CIA its only purpose as an outdated payment network is to assist in money laundering and siphoning money away from the middle class.

>>55696796
Jew

>>55696780
>btc is the only option.
our only option is a failed currency being shilled by Blackcock Jews? kek. I'll just buy Gold

>>55696819
hyper Jew with poor attempt to hide Jewish tendencies.

JEW

>>55696842
poorfag metalfag. your asset has been replaced faggot. you had your 2800 years now it's done retard NIGGER

>>55696780
As far it goes, you are right, but everyone simply buying BTC would be like everyone hoarding gold (if gold also was the currency). Realistically, companies do need funding, which they tend to get via lending. For this, the economy at least need enough savings to lend out to finance all new investment.
The boomers, in hindsight, have turned out to have chosen a perhaps wildly overoptimistic investment strategy, but at the same time, it wouldn't be efficient for everyone to keep all savings on ledgers which would be stowed away securely in our anuses so that "nobody could get to the coins". While banks have gotten a bad rap because they keep investing into strange formula-based schemes and for surreptitiously opening customer accounts to pick up a few pennies, they do provide a useful function, as do even shares. I can't believe I'm saying it, but a share is just like a perpetual bond, so buying into the whole economy, so to speak, is basically like having a private-sector pension scheme that disburses a kind of dividend of the whole economy (assuming we take the S&P500 to be representative of the whole economy). Index funds have their problems, but just letting them crash to 0 would be, even disregarding the real problems that'd cause in the financial system, and despite any criticisms one could level at baby boomers (and there are many), a bit cruel to people in old age. Maybe they can get paid 30 cents on the dollar or something like that, courtesy of money printed up by the Fed.
It'd be financial profligacy to do so, but do keep in mind that the alternative is a collapse of the financial system and therefore large parts of the actual economy. While BTC might be, let's say, 50% higher in such a catastrophic scenario than it'd be in the merely bad one. The real cost is "50% higher BTC and economic collapse" vs. "50% lower BTC vs. the economy merely being bad".

>>55696832
seethe
we make the price and you pay it

>>55696845
Post nose

>>55696872
possibly the most retarded thing ive ever read. holy fuck cunt kill yourself. you sound 40 and need to get to college for even 1/25th of an understanding of what im talking about.

actually, screw college. just kill yourself

>>55696905
Yet I agree with your assessment, at least broadly.

>>55696905
Meow meow gold meow meow? Bitcoin meow silver meow?
Meow gold meow silver

>>55696962

>>55696962
So Bitcoin would be like a 2nd gold under "bimetallism"?

>>55697046
Bitcoin is unicorn fart dust. I was just meowing at the other guy because he said your (good) comment was the most retarded he's ever read, and so I had to 1-up it.
Buy gold and silver.

>>55697066
Thanks. I think BTC will go up in dollar-terms too, though that's neither here nor there. I also have a couple shiny rocks collected.

>>55696853
>your asset has been replaced faggot
replaced by what? Bitshit? I don't see governments that aren't retarded buying Bitcoin, they buy Gold. And all your gains that Bitcoin used to get, that's a thing of the past now.