/biz/ - Business & Finance

>>57266054
TL;DR

tl:dr

>>57266054
jews rape kids

tl;dr

>>57266059

>>57266054
>How do you respond without sounding mad?
k

>>57266064
think you got quick fingers dontcha big boy?

>>57266069
for you

He’s right about the etf but for Al the wrong reasons as the etf is about CONTROL not his personal vendetta for missing out like a retard

>>57266059
>>57266063

Reddit

>>57266074

>>57266054
>people who didnt bought in 2012 still mad about it

>>57266054

That's the maddest redditor i've ever seen lol

>but,but the etf won't make bitcoin faster
lel what?

>>57266054
Where is the lie?

>>57266054
They would do better if they fudded the etf itself, but they are too low iq.

>>57266054
Nigga I aint reading that SHIT

>>57266054
COPE

Why respond? Who cares what some redditor thinks?

>>57266054
>How do you respond without sounding mad?

Just let those losers wallow in their poverty, filth and impotence. You are the future. Not they. Ignore them.

>>57266054
Don't care. While they spent their time being ideological I was making money.

>muh doesn't do anything
Functional demand is DETRIMENTAL to a money, price is a product of aggregate demand, a money having functional use means part of the price (proportional to it's functional demand) will be from functional demand, forcing buyers of Store of Value to pay a functional premium and subjecting them to the risk the functional demand will fall, causing real terms fall in money value independent of demand for Store of Value. This can be seen in platinum, while it's physical properties make it a strong money on paper, it's high functional demand renders it unusable as price becomes dominated by functional demand, not Store of Value demand. Gold is the best natural money precisely because it has little functional demand, BTC improves on this by having no functional use outside of Money.

>muh intrinsic value
The only intrinsic value anything has is itself. 1 BTC = 1 BTC, 1 Au oz = 1 Au oz and so on. An ounce of gold buys a ton of wheat now, but if a meteor hits the earth and decimates wheat production will it still buy a ton of wheat? Of course not. Ergo, the value is extrinsic not intrinsic, gold derives it's value from demand for Store of Value, same as BTC, BTC better meets the demand for SoV being fixed in total supply, weightless, transferable trustlessly and securely and so on. This halving marks the inflection point where BTC inflation (~1.7% now) fails well below gold mining inflation (2%), at all future points BTC will only ever be a better and better fixed unit of account and therefore a better and better store of value. Bitcoin is an inevitability.

>>57266054
Didn't read

>>57266333
Didn't read

Can you faggots learn how to write bullet points? I would fire you if you worked for me

>>57266333
Read and checked

>>57266505
Didn't read lol

>>57266054

Respond? If I respond, my comment will be deleted, I will be permanently banned from the subreddit and my reddit account will be issued a warning or straight up ban.

Reddit is not the place for discussion.

>>57266505
*) ur
*) a
*) fagot

Better?

>>57266570
Exactly lol.

>Bitcoin wastes tons of energy every day that could be used to better humanity but is instead used for internet incels to gamble and speculate
Holy fucking based I need to get started RIGHT NOW

>>57266584
Yes retard

I agree with point 4. BTC was better in 2017 in a retarded, unregulated market.

>>57266054
1: Doesn't matter. Also the energy footprint study commonly cited is bullshit.
2: Doesn't matter.
3: Doesn't matter.
4: Doesn't matter.
5: Doesn't matter.
6: Doesn't matter.
7: Incorrect. Increased demand for Bitcoin means more demand for miners which means more network security. The only thing that matters with Bitcoin is network security.
8: Doesn't matter.
9: More sources of demand = more bigger number you retard
10: You will never be a woman, tranny redditor.

IARAT(I ain’t reading all that)

>>57266171
For those who may have had negative experiences with cryptocurrencies, such as financial losses or scams, participating in a community like /r/buttcoin can serve as a coping mechanism. It provides a space to share experiences and find validation from others with similar views.

> KNS Holder

>>57267001
sound mad

Personally, I don't really give a fuck. Even if the bitcoin energy consumption is equal to the size of America, I don't give a shit.

Numbers go up.
I get rich.

It's that simple.

I wouldn't respond with anything, I would listen what he had to say, because that's what no one did

>>57266054
imagine sitting on this subreddit all day seething because you missed out, thats crazy, but redditors are insane so im not surprised

>>57266054
>>57268402
Buttcoin is 100% satire and ironic and these guys are shitposting since 2012, longer in this than most of you

>>57266333
Checked and great answer. Saved. Thanks anon.

>>57266058
>>57266059
Based
Redpilled
/thread

>>57266333
checked and screen capped, really great answer

the etf was pointless because right before approval they changed to application to in-cash redemptions instead if in-kind redemption. the latter would mean you can trade X etf shares for a bitcoin. so then technically illiterate boomers could buy btc through their trusted brokerage, instead of an unregistered financial securities exchange (which I used, but bro they are super dangerous. you can't wire in too much cash and you need to buy and withdraw.).

>>57266054
Qrd?

>>57266054
Stay poor? Its what you deserve if your biggest concern is how much electricity banking uses.