/biz/ - Business & Finance

>>57763260
Their stupidity is directly correlated to you're being a complete faggot. So never.

OP sucks nigger dicks, pass it on

>>57763260
Cope lol

Keep seething kike

>>57763274
>>57763282
top quality posts, faggots

>nocoiners visit 4chan for the 4 year ritual

>>57763260
>>57763291
shut the fuck up nigger

>>57763290
The kikes are the ones running this ponzi you moron.

>>57763260
>>57763291
>>57763315
this level of FUD won't work on me, rabbi

>>57763291
listen here you little dipshit your comments are trash and everyone who's reading them is getting more stupid the only thing that's top quality here are these nuts across your face

>>57763260
If you're so smart why are you poor

> Elites spend literally all their time spinning webs of wealth transfer traps.
> "IT's tHE aCHiLLEs hEeL oF dA jOOz!"
> Goes all in.

We are about to witness the greatest rug pull in the history of goyimkind. Good luck with the bugs and the pod and all that...

>>57763260
Bitcoin is going to become the foundation layer of the new financial system. Much like tcip/ip to the internet

>>57763355
>Bitcoin is going to become the foundation layer of the new financial system
Do cryptocultists actually believe this?
Answer me this, if Bitcoin is so great and useful, what's stopping people from just copying the code and using it for whatever purpose they have in mind? Why should they pay you ridiculous amounts of money to buy your ones and zeros?

>>57763260
Would be nice to trade in a currency that isn't controlled by a seperate government entity on the planet earth that can allocate funds to a militairy in an attempt to dominate and control the rest of the planet.

Bitcoin literally means peace you egotist.

>>57763403
I'm all for a world currency that isn't controlled by a single government, but Bitcoin isn't that. No one buys Bitcoin for trade. People buy it as a speculative "investment" hoping that a greater fool will buy it from them at a higher price.

>>57763380
Don’t, enjoy holding cash or investing in overvalued stocks. Bitcoin doesn’t give a fuck about what you do.

>>57763403
> "They'd never use such a powerful monetary tool against us!"

>>57763431
>no response

Attention /biz/: we don't give a shit!

>>57763260
ath when ameriboomers login tomorrow morning
checkem

>>57763380
They have already, like Bitcoin Cash and BSV. You are free to copy the code and distribute it if you desire, but good luck trying to convince the world to use it.
If you can't understand how it's going to be the foundation of the future financial system, then you simply haven't given it any thought and are offhandedly dismissing it. There is plenty of research papers written by institutions and intelligent individuals that explain why bitcoin is important. This is far past the "cultist" stage.

>>57763380
Bitcoin has been copied and failed, only the original has a stance in such simplistic design. Many alts have tried to produce more certainty or confidence than bitcoin and failed.
>>57763426
People do use it for a store of value but unlike gold it has the lightning network that is perfectly capable of handling retail traffic.

>>57763426
We are way past this. The major buyers are buying with the intention of never selling.

>>57763380
theres only one satoshi nakamoto

>>57763260
It's not complicated you halfwit.
BTC has a pretty stable value. Your fiat is just devaluing at an exponential rate. Use BTC's fixed supply as a hedge against that.

>>57763260
Satoshi Nakamoto is meant to be a sly nod towards Intelligence Community, anyone who falls for it is a retard

>>57763260
who says this isnt rigged? like everything else literally

>>57763563
honestly doesnt even matter if satoshi is the cia. bitcoin is still king and the future

>>57763563
Privacy is necessary for an open society in the electronic age. Privacy is not secrecy. A private matter is something one doesn’t want the whole world to know, but a secret matter is something one doesn’t want anybody to know. Privacy is the power to selectively reveal oneself to the world.

>>57763500
>>57763502
>They have already, like Bitcoin Cash and BSV
They failed to gain footing as a new ponzi, which isn't what I was talking about. If the technology has any intrinsic worth, as cryptotards claim, then why wouldn't someone looking to use it just copy the source code?
>People do use it for a store of value
>store of value
>intrinsically worthless
Not everything that's rare is a store of value. My shit is unique, but it isn't a store of value.

>>57763355
So how does that work then? Bitcoin adoption hasn't worked in El Salvador.

>>57763260
Cuz that’s not FUN anon, it’ll live for the next 1000 years, as all the crypto will

>>57763260
Ideologically speaking, bitcoin is the best hedge and value preserver against the money printing, central banking, fractional reserving, interest rating jew fiat currency

The foundation of the current monetary system are US treasuries, which worked fine until the US ran up the debt to exponential levels. Now it's become a runaway train. If you store your wealth in US treasuries, sure the US gov will make good on the loan, but they will simply increase the dollar supply to pay you back. In other words, holding US treasuries is like burning your cash. Because some people understand this, is why you see stocks that are completely overvalued, because there's nowhere else to store money. Bitcoin provides an alternative, and unlike US treasuries or other assets, the supply is fixed and cannot be manipulated by a group of human beings.

>>57763380
>>57763681
you're extremely stupid. the astronomical hashrate and security will not move to that new shitty fork you're talking about.
it's valuable because it has valuable properties and it is extremely, extremely secured. proof of work gets rid of the parasites.

>>57763260
>BTC
>ponzi

yep, this one doesnt know about beoble

>>57763681
>My shit is unique, but it isn't a store of value.
Mostly because it decays fast, not because it's worthless. Bitcoin doesn't decay.
>copy the source code
The most clever parts of design are features to give incentives to the first mover and establish it as dominant with reliable liquidity on markets. The source code you're copying is designed to make your copy less valuable.

>>57763260
Fucking idiot
>>57763274
this
>>57763282
this
>>57763286
this
>>57763290
this
>>57763291
keep crying, you dumb nigger. You had 2 years. Blame your parents for giving you shit genetics

>>57763260
Because it has lower inflation than the reserve currency with peak interest rates and because all fiat currencies are floating against each other relative to goods with low supply like housing or bitcoin.

>>57763341
browsing pol makes you poor

>>57763709
>bitcoin is the best hedge and value preserver
Jesus fucking christ are you people just parroting shit you hear from other retards? There's nothing special about these 1s and 0s you call Bitcoin other than the fact that certain imbeciles are willing to fork over their hard earned wages for them. The moment the unwashed masses lose faith in the value continuing to go up, your "store of value" will be trading at less than a cent.

>>57763681
No intrinsic value? Can you put a dollar amount on the global bitcoin network? Look, if you still think it's a ponzi without value, then just buy stocks and bonds.

>>57763790
Learn how to trade, you fucking idiot

>>57763793
lol look at this guy he thinks stocks and bonds are not a scam do you not think 2008 was a thing bro

>>57763790
anon actually makes some good points but memecoiners have this fantasy in their heads that memecoins are their ticket out of wagecucking so they'll call his points FUD

>>57763790
seethe more, central bank cuck
my dollars decrease in value year after year and gold is a shit value preserver.

BTC is the new gold.

>>57763862
Tell me, what can you buy with these bitcoins of yours without exchanging them for dollars first?

>>57763847
>post not even about memecoins
Holy shit, they live in your head rent free LOL

>>57763884
what are you babbling about? anon was talking about bitcoin, which is one type of memecoin

>>57763790
whatever you're trusting to store value is inferior to bitcoin in every aspects, if it's state currency (inflationnary and debt based fiat) please stop posting

With each halving there becomes an increasing need to trade objects in exchange for bitcoins because cash is worthless to the holders.

Once cash becomes worthless to everyone through inflation will be the "oh shit i missed out" moment.

>>57763883
doesn't matter. If I need, I can exchange to USD

>>57763790
There is imbecile, you can't copy it because it would start with 100% inflation and it would take more than a decade to achieve the real bitcoin inflation rate.

Entire nations failed to develop a system as bitcoin on bretton woods, you are talking from your ass, bitcoin is the greatest achievement of the 21th century.

It literally fixed the casue of ww2 & cold war & bretton woods collapse.

And yes it is special because as i say any fork or copy starts with 100% inflation rate which is why bretton woods bancor failed in the first place since entire nation states with soviet armies at their borders could not decide who the fuck grant the authority to create the new supranational trade currency called bancor.

Satoshi fixed this and it's the greatest achievement of the century, followed probably close by falcon 9 reusability deflating launch costs to leo 15 times.

All other achievements this century from composite planes to advanced cpus or phones are all shrinkflation of shit that already existed when the bretton woods gold standard fell.

>>57763883
It's legal tender in el salvador, lol. Also it's not exactly best used for transactions. Same shit with gold. Gold end of the day is bought out of a narrative that became a reality. It's not complex unless you're a midwit

>>57763897
This dumbass just called btc a meme coin. Fucking hell, stick to your stocks.

>>57763862
>BTC is the new gold
wow digital gold!
owning this digital nothing will surely destroy the system

>>57763454
seething so much that he explicitly seeks out a sub dedicated to seethe about missing out on btc
>IM NOT MAD I DONT CARE BUT JUST IN CASE LET ME WRITE AN ESSAY ON HOW LITTLE I CARE

>>57763883
No real person is this stupid. The joke is just getting stale.

>>57763898
Fiat isn't meant to be a store of value negro, its purpose is to replace bartering and serve as a lubricant for trade. A deflationary currency would be a disaster for economies.
>>57763904
You can exchange it for USD because there are millions of retards such as yourself who want bitcoin. You won't be able to exchange bitcoin for USD when the price of bitcoin stops going up at some point, as it must due to the finite nature of things, and the demand for bitcoin crashes.

>>57763922
your shiny rock will never be money again for obvious reasons

>>57763727
BTC is ponzi, keep malding faggot

>>57763727
BTC isn't ponzi but it's a scam, it's a burble

>>57763964
>>57763964
seethe, cope etc. fiatcucks

- there is value in BTC
- you can exchange BTC for goods and wares without gubmint supervision and abhorrent taxation
- you can exchange it worldwide

it will become the new standard currency because this fucking jew dollar is crashing with israel.

death to central banks

>>57763964
money is meant to be a store of value. if fiat is supposed to be money then it fails at it. you sound like a keynesian cuck, I bet you love debt fucking slave.
you also love not being able to save without taking a risk by investing it into assets attempting to play the role that money is supposed to play. this won't last forever now.
absolute cuck.

>>57763964
>Fiat isn't meant to be a store of value negro, its purpose is to replace bartering and serve as a lubricant for trade. A deflationary currency would be a disaster for economies.

Look keynsian clown your terms as deflation don't mean what you think they mean.

In the post 1971 global trade system fiat currencies are floating against each other which means inflation can be larped in everything except goods with low supply (housing, cars, bitcoin).

Hence why these are going up, in fact technological deflation is being countered hard by nation states inflating their fiat shitcoins to hell to devaluate against each other, they larp 3% inflation rate in food and then you have 50% inflation in real estate in just 3 years.

This was not possilble under the keynes bancor (aka bitcoin) or the bretton woods gold standard because currencies floated against gold with 2% yearly expansion of it's supply.

Which means that by pre 1971 standards the usa would have 20% inflation and the eurozone 30%.

Of course post 1971 they can larp anything because they don't account anymore for physical goods if possible only rents now and they are trying to remove those too.

>>57764002
>>57764011
name your store of value of choice

>>57763727
people who do not know how to invest usually call everything a ponzi.

LONG LIVE THE BANK OF ENGL - ACK

>>57763727
keep in mind that we are dealing with people who are still using checks

>>57763958
The same people will be filled with hatred and envy when just one bitcoin will buy a home in a nice neighborhood.

>>57764022
I would rather be scammed into buying a shitty home (I can fix) using bitcoin than be scammed by government regulations and pay for every uptick in safety that they legislate.

Everything has its pros and cons. Bitcoin is just better for trust reasons and people who trade care about that so it's only a matter of time.

>>57764080
lol you want your house to be
>shitty
and to get scammed yeah sure buddy keep living the dream retard have fun living in your cardboard palace you bitcoin poor

>>57763260
Why won't this ponzi die?

>>57764022
>>57764028
>>57764034
I honestly feel sorry for you guys. A small number of you will get out of this ponzi rich, but the majority will lose most of their savings.
Remember that some random anon tried to help you but your greed wouldn't allow you to see sense.

>>57763905
explain the tether printer then.
ok sure the supply is fixed, but what does btc matter if the price can be fixed using fake money that no one questions because its too big to fail and is backed by China and certain other criminal elements?

>>57764169
Net worth saar?
T. 8 figfag

>>57764178
The tether printer is not here with us

>>57764169
start by answering what you're being told fiatcuck
your debt system is collapsing, the value of your state money is trending down, debt going astronomical, you're either a slave or a parasite

>>57764199
What is your point? Yes the US government is spending way beyond its means and yes, there will be a reckoning at some point. But that doesn't mean that crypto isn't a ponzi.

>>57764178
>fake money that no one questions because its too big to fail and is backed by China and certain other criminal elements?
If people are accepting that as having value that has nothing to do with BTC, what you should do is trade that fake money for BTC. USD is fake money too.

>>57764226
it has already been told. bitcoin is better money than the inflationary debt based dollar (and all other similar fiat).
it's not a ponzi because it provides a service, a real use, good money that is free from parasite control, which explains why the demand for it grows, as opposed to the dollar.

>>57763260
>Why won't this fucking ponzi die? How are millions of people this fucking stupid?

>>57764226
Is any small local currency that promises to keep its value to some degree a ponzi? The value always relies on buyers being willing to buy the currency. Miners signal demand without any markets.

>>57764178
>ok sure the supply is fixed, but what does btc matter if the price can be fixed using fake money that no one questions because its too big to fail and is backed by China and certain other criminal elements?

Tether is backed by us treasuries clown, in fact since they are not regulated their bond holdings were better than banks hence why usdc depegged and usdt did not because usdc had collateral in svb which had shit gov bonds while tether had only short term bonds that were safe.

https://tether.to/transparency/

>>57763260
>Limited supply
>More secure than a bank
>More trusted than the FED
>Inflation proof
Imagine keeping your savings in fiat

Can’t we all admit we are just here to take part in a ponzi so that we can get rich?
Save the fake btc selling points for the newfags.

>>57764255
>bitcoin is better money
But it isn't money. You can't buy bread with it, you can't buy a house with it, you can't pay your bills and taxes with it. The only thing you can do with it is sell it to some greater fool.
>it's not a ponzi because it provides a service,
It provides no service. It doesn't facilitate trade because the only people offering goods and services in bitcoin are drug dealers. It is not money because you cannot buy goods and services with it.
>>57764315
>Is any small local currency that promises to keep its value to some degree a ponzi?
What gives a currency value is the goods and services exchanged with it. If companies and people were using crypto to trade with each other I wouldn't be calling it a ponzi.
>The value always relies on buyers being willing to buy the currency
Buyers are willing to buy crypto because they're hoping someone else will buy it from them at a higher price. The moment that faith is lost, the value crashes.

>>57764169
Are you sure your not the one arguing from emotions?

>>57764436
it is becoming money. you cannot deny the trend that bitcoin grows and fiat collapse in slow motion.
it grows because it has the right properties for it. the intrinsic service it provides is the same now or after everyone uses it.

you're free to ignore bitcoin until it's very broadly accepted, but by then you will have lost most of the value you currently own, so it's kind of important.

>>57764127
You can wndlessly trade with things inflated in vakue outside of common commerce but you curse yourself with the constant agony of maintaining that false sense of wealth. Your conflict will never end while I will retire in peace and happiness.

You have monopolised your time and through your own egotistical thoughts you will value that time more than what you can reap from it and as such will waste it.

>>57764436
I guarantee you that I have personally bought Bitcoin at whatever value it was selling for rather than take the measly .5 percent the bank was offering. Bitcoin is only going to get bigger even if it has expansionist cycles of boom and bust. If you mortgaged your house in 2017 and bought the top at 19000 and held. You'd have three times your money in 7 years.That crushes any gain from the S&P 500 in the same time period. And it assumes the absolute worst trade timing.

>>57764519
>it is becoming money
No it isn't. It grows for the same reason that ponzis grow, greed.
Governments will never allow their businesses to use a currency that they have no control over. Even if they did for some reason, it would be a disaster for the people living in those countries. Consider organized crime. The reason organized crime is now a fraction of the size it was just a hundred years ago is the banking system. It's very difficult for mobsters to launder their illegitimate money. Once their source of income is cut off, they can't gain a foothold and die out. Government losing control of the money supply would mean businesses would have to start paying protection money to their local gangs like in the old days.

>>57763260
Oy vey

>>57763260
It's free money, anon
Why are you calling it a scam?
It literally went up 40% in the last month. Do you have any idea how much money that is when you're using dextools?
Since you're pretty fucking stupid, i'll keep it simple for you: It's a lot KEK

>>57763260
>wants to pay credit card fees and interest

kys

>>57764664
bro i don't think you are listening to me you're going to get rekt with your shitty little shitcoin bitcoin was a good idea because we actually needed it but now that it's already established no one needs all your shitty little scamcoins trying to ride off of bitcoin's success you are going to get rekt and it's going to be hilarious don't say i didn't warn you you dumb idiot

Remember kids, DONT invest in BTC to "git rich" and cash out.
No, invest to combat the upcoming CBDC dystopia instead.
Dont fucking cash out, it's probably what (((they))) want, to fuck you up even harder

>>57764645
it grows and since it has the property of money, the network also grows. money has to be desirable, and once it's widespread it can be used as money.

so yes it is becoming money.

governments will need ot because as already explained, their fake currency is trending towards zero. they won't have any choice. fucked up countries rely on the dollar but if there's no dollar, game over.

illegal action is more widespread on fiat than in bitcoin in percentage.

governments losing their money isn't the same as government losing power. they will always tax people. so they will always have police and fight criminals. in fact I think citizens will always decide to pay for this service. so no.

>>57763454
Why do redditors lack any self awareness?

>>57763426
>I'm all for a world currency that isn't controlled by a single government, but Bitcoin isn't that.
it is though
>No one buys Bitcoin for trade
that's literally how I got into BTC actually, when you actually experience the dog shit way banks settle funds in a private transaction the value of Bitcoin becomes instantly clear

valuable currencies are ALWAYS hoarded at first, then spent as value settles because that's just what people do, we spend our wealth eventually we can't help it

>>57764645
>Governments will never allow their businesses to use a currency that they have no control over.
you literally can't stop the free exchange of goods and services, even in the Soviet Union there was buying and selling at a P2P level the govt had no control over

>The reason organized crime is now a fraction of the size it was just a hundred years ago is the banking system. It's very difficult for mobsters to launder their illegitimate money. Once their source of income is cut off, they can't gain a foothold and die out.
yes that's why the cartels are extinct, are you retarded? none of what you said is true
>Government losing control of the money supply would mean businesses would have to start paying protection money to their local gangs like in the old days.
no, you just KILL THE GANGSTERS ITS REALLY SIMPLE ACTUALLY

>>57764436
>is the goods and services exchanged with it
You're describing market liquidity which it has.
>Buyers are willing to buy crypto because they're hoping someone else will buy it from them at a higher price
You can only conceive of it in those terms but all that tells us that you're a retard. It's a currency with the added benefit of having good supply management. This extra feature on top of what a normal currency offers is what turns it into a ponzi in your mind.

>>57763260
OP answer me this
What do you get when you make a finite resource easy to get and make laws that the resources ETF needs to be backed by coin? You get a million dollars.

>>57763260
Hardest form of money ever invented

>>57763260
You sound like you've been seething about it because you take its continued success as a personal slight against your intelligence for not expecting it.

Well anon... It IS a slight to your intelligence for sure so I understand why you would seethe. It is frustrating for one's pride to admit one has failed to process reality well, to grapple with you having been filtered by some garbage nocoiner narrative which you foolishly elected to take seriously.

So much fucking financial illiteracy I don't know who to respond to.
>>57764837
>when you actually experience the dog shit way banks settle funds in a private transaction the value of Bitcoin becomes instantly clear
Yeah waiting an hour for a transaction to clear and paying 5% of it in fees is way better than instant transfer with a bank. So much better.
>>57764896
>you literally can't stop the free exchange of goods and services
You can't stop black markets, yes, but you can stop legit businesses (i.e. most of them) from using a currency you don't want by making it illegal to accept the currency.
>yes that's why the cartels are extinct
The cartels thrive in shithole countries without effective government.
>no, you just KILL THE GANGSTERS ITS REALLY SIMPLE ACTUALLY
Yeah that always worked in the past, right?
>>57764902
>You're describing market liquidity which it has.
Jesus fucking christ are you mentally retarded? I said exchanged for GOODS AND SERVICES. That means food, shelter, clothing, tools, entertainment, etc. Whatever is useful for human beings. Crypto in its current state is just exchanged for fiat.

>>57763315
>>57763329
2 polfags being poor, what a choreography

>>57765041
if you load a lightning wallet you can make transactions instantly for cheap, you also seem uninformed

>>57765041
>I said exchanged for GOODS AND SERVICES.
And your uninformed retard takes are not relevant. Liquidity history is. If there's liquidity you can exchange the token/asset/whatever for anything. In practice you would add a premium like if you want to trade gold for a house directly instead of using the markets available.

>>57763355
>Bitcoin is going to become the foundation layer of the new financial system
>1 mb every 10 min transparent blockchain
Lets see how this goes

>>57765116

Is buttcoin on Lightning the same as regular buttcoin? like does it have the same security?

>>57765181
is the cash in your wallet the same as the money in your bank account?
that's basically the same here

>>57765041
>>57764769
everything you needed to know

>>57765164
>Let's see
Was a reasonable position in 2012.
Let's see how you will continue to be proven retarded every step of the way.
>slow
Was never a reasonable position. It means you have no clue. Reaching global consensus faster sacrifices robustness and security and being robust and secure is the only point of this layer.

>>57764436
>But it isn't money.
Money is the faith and labor of people behind it. If I start paying someone in pebbles for their time and labor, and that becomes a trade in my little community, suddenly those pebbles are money. Now, granted, cause pebbles are plentiful, they will suck as money, so I'll likely use a rarer but still valuable substance. In this case, precious metals are usually the go to.

>>57765041
>Yeah waiting an hour for a transaction to clear and paying 5% of it in fees is way better than instant transfer with a bank. So much better.

Never done a transaction outside of your country have you?

>>57765231
no wonder you don't have a real job go work behind the wendys and stop thinking crypto is real money i would rather shove an entire box of crayons up my ass than listen to you talk about bitcoin any longer

>>57765268
name your store of value of choice

>>57765268
Technically, as long as we all are getting paid in fake money, none of us are but slaves for the elites. The government sold us out to the banks, and so we are debt slaves due to the threat of jail and violence for refusing for paying the government's debt.

The only time I felt like I had real money was when I held a silver and gold coin, or when I had BTC. Even Monero counts. There's such a liberating feeling when you know you own something that you earned and no one can take it away, either by tax or inflation or depressions by manipulative bankers.

>>57765116
>if you rely on third party services it's quicker and cheaper
Hmm, so you trust some institution to keep track of your transactions for you. Now where have I seen that before?
>>57765140
Open a basic text book on economics. Currencies have value because they can be traded for goods and services. If your "currency" has to be exchanged with another currency before you can use it to buy goods and services, it has no value.

>>57765231
>Money is the faith and labor of people behind it. If I start paying someone in pebbles for their time and labor, and that becomes a trade in my little community, suddenly those pebbles are money.
Correct, and I would agree that bitcoin is money if you could exchange it for the labor of other people. But can you do that without exchanging it for some other currency first?

>>57765355
>But can you do that without exchanging it for some other currency first?
You can already pay for some services with BTC. I can buy a 4chan pass right now for BTC. Or I can use it on newegg. It's slowly being adapted as the dollar becomes less and less valuable. People's money are hurting and everyone feels like they have no future. This is the inevitable conclusion of what happens when you have a central bank.

>>57765343
lightning is not a third party, it's a protocol, embarrassing

>>57765343
value is subjective

>>57765309
you still have to worry about the government taking it though like they took gold in the 30s. maybe the best option is to dig a hole in your backyard...

>>57765374
>I can buy a 4chan pass right now for BTC
Oh wow a 4chan pass! Can you buy reddit gold with it too?
>newegg
This is a typical sleight of hand by cryptofags. The business never touches your crypto. Instead, a third party (Bitpay) processes the transaction and pays the merchant in, you guessed it, dollars. Now, how is this merchant able to purchase your crypto and pay the merchant in dollars? Where are its dollars coming from? Is it using the crypto to produce something of value? Fuck no! It sells the crypto to retards who are hoping to make a buck off of holding the 1s and 0s. Without a ready source of financially illiterate retards, Bitpay wouldn't be able to function and would quickly go out of business, meaning newegg would stop accepting bitcoin payments.

>>57765500
>you still have to worry about the government taking it though like they took gold in the 30s.
Not everyone complied when they did that, but yes, that was one of the biggest thefts in history that ever happened. I get sick sometimes thinking about it. Then they go and loan it off to the bankers and other interests, leaving the government practically broke.

>>57765506
>It sells the crypto to retards who are hoping to make a buck off of holding the 1s and 0s. Without a ready source of financially illiterate retards, Bitpay wouldn't be able to function and would quickly go out of business, meaning newegg would stop accepting bitcoin payments.

That's how all money works.

>>57765523
>That's how all money works.
It is not how money works. There isn't demand for the dollar because people want to sit on it and wait for the value to go up. There's demand for the dollar because you can exchange it for things you need in shops and businesses. I don't know how to make this any simpler for you to understand.

>>57765552
The demand is only created by threat of force.

>>57765565
I give up. You're too stupid to reason with.

>>57765552
there won't be demand anymore when the dollar debt system collapse

>>57765565
this is actually correct. you have to pay taxes in dollars, and the government bans starting your own currency to compete with the dollar. They can print money because they have power, you can't because fuck you. I'm honestly shocked ZOG hasn't cracked down on bitcoin, but maybe the international bankers pulling the strings don't give a shit if the fiat bubble bursts and realize bitcoin will be the real new way of getting rich.
>>57765578
you're the stupid one, sorry

>>57765588
If the US government fucks up and hyperinflates the dollar, yes it will become worthless. That's some way off though since the current debt to GDP ratio of the US isn't that crazy.
Nevertheless, the fact that some fiat systems are bad doesn't make crypto not a ponzi. I would actually be very happy to see the dollar collapse.

>>57765506
>21 posts by this ID
geezus fucking hell... Schlomo, just drop it.. you lost.
The Goyim are winning, now go back and baawwww to uncle Shwab between his dying thighs

>>57765639
so according to you bitcoin is a ponzi but when it becomes money after fiat collapse, it won't be a ponzi anymore, despite the fact that bitcoin didn't changed, and the only change is the userbase (which keeps expanding)

>>57765076
Why do polfags talk as if they have all the answers?
>you are wrong and I am right because I am intelligent
These faggots never compare ideas or do they ever consider themselves wrong on any matter?

>>57765694

>>57765700
>>57765588
>>57765399
>>57765388
>>57764255
>>57764199
>>57763966
I got 7 dubs

>>57765694
>you replied to people so that means you lost OK!
>>57765700
It won't become money, but if it does, then yes it won't be a ponzi anymore if its value comes from the goods that are circulated with it.

>>57765730
bro holy fuck

bitcoin is like god, it is stupid and it is not real but you will not be able to stop billions from believing in it no matter what.

it is a force of nature you cannot stand against. you best stay on the winning side or you will be raped.

>>57765776
it will become money for the reason explained. the trend is there and you cannot ignore it. the more generations pass, the stronger bitcoin will get and the weakest fiat will get. there is no better alternative.

>>57765786
oh my god bro you think that bitcoin is like god lmao are you serious you're a dumbass get a job

>>57763290
>>57763315
>>57763329

>>57765801
Ponzis always grow before collapsing. At some point dumb money will run out and the price will stop going up. This is inevitable. Once the price stops going up, why would anyone buy into bitcoin? As the years pass and people realize their money is lying stagnant in bitcoin, there'll be a rush for the exit, and that's when this house of cards will come crashing down.

>>57764169
I agree with you but also think we need to accept that there is much more stupidity to go before we reach that point. Though inevitably we will reach that point.

>>57765910
name your store of value of choice

>>57765873
that's like saying fiat won't collapse. stupid premise.

>>57765910
>there is much more stupidity to go before we reach that point.
You're probably right. This thing might go on for decades before it collapses.

>>57763291
they indeed are

>niggers (you) farming every bullrun
I'll make a thread tomorrow, faggots.

>>57763839
Economically illiterate

>>57763563
Btcs hashrate wasn't made by the NSA for anyone to verify freely. The NSA also have no reputation of back doors, Edward Snowden is fictional. BTC is decentralised from its source and not susceptible to a 51% attack, and no government has ever pulled a false flag before. Crypto EFTs havent existing in the asian market for years and BTC simce 2021 in the us market. BTC isn't a red herring.

The board has become akin to covid vax vs unvax. The minority will win again. The audacity to even consider the globohomo big nose financial cartel with the power to stop you saying nigger in public through pure fear of retribution and metaphorical agent smith, is just going to roll over and let global finance slip through their fingers. Delusional, thats the stage we are at. More than 70% of the western population cant service a $1000 bill within 7 days, but sure bull run is here.

>>57763765
>goods
>bitcoin
pick one

satoshisync and defi inscripted into satoshis (brc20) will only make it stronger chud. get over it, buy or go to your nearest precious metals general thread.

>>57763793
>Can you put a dollar amount on the global bitcoin network?
The bitcoin network has "value" because it transacts bitcoin which has "value" because it is backed by the bitcoin network which has value because it transacts bitcoin which has "value" because it is backed by the bitcoin network which has value because it transacts bitcoin which has "value" because it is backed by the bitcoin network which has value because it transacts bitcoin which has "value" because it is backed by the bitcoin network which has value because it transacts bitcoin which has "value" because it is backed by the bitcoin network which has value because it transacts bitcoin which has "value" because it is backed by the bitcoin network which has value because it transacts bitcoin which has "value" because it is backed by the bitcoin network which has value because it transacts bitcoin which has "value" because it is backed by the bitcoin network which has value because it transacts bitcoin ...

>>57765942
USD
>>57765963
It gives me almost existential pause thinking about how massive the deception is, not entirely unlike the holocaust. It just must be like this for a reason beyond my comprehension, a door that can't be shut.

>>57763260
Why would it? It is similar to gold, only it is more volatile because it is easier to trade and the market cap isn't 11 trillion yet.
>>57764160
People pay taxes with it to the world empire, and trade with it knowing it is relatively stable.

>>57766199
I pick bitcoin

>>57763313
Lmao underrated comment

>>57764059
https://coinmarketcap.com/fiat-currencies/

>>57765164
Tcp started at 10mb/s

>>57765963
So, what does no coiner like you suggest us to do to protect our wealth from being stolen by central banks? I'm actually curious.

>>57763260
Bitcoin is a swarm of cyber hornets serving the goddess of wisdom, feeding on the fire of truth, exponentially growing ever smarter, faster, and stronger behind a wall of encrypted energy

>>57768719
Buy things which have actual value. I suggest real estate, land, and carefully chosen stocks.

>>57763260
>How are millions of people this fucking stupid?
the Turd World outnumbers the 1st world by a significant margin.
bitcoins biggest pushers are Turd Worlders.
it's really not that complicated. go on twitter and see the sea of indians going
>SAR PLEASING THE BITCOIN VERY GUUD VERY FORTUNATE BUT PLEASE DO NOT REDEEM ONLY PUMP

>>57763291
>Make gay post
>Get called a faggot
>Get mad

>>57764178
>tether printer fud

>>57763790
Sounds exactly like gold.

>>57769305
government can confiscate all of that

>>57769735
wtf bro you can easily conceal it government can't do anything about it what are they going to do x-ray your house break your leg to get the keys to your crypto wallet

>>57769600
Gold is a metal with lots of desirable properties. It doesn't oxidize, is used in industry and for jewelry and yes, as a hedge against inflation. People don't buy it in the hope its value goes up, people buy it to maintain their wealth. If the value of gold were somehow fixed, the demand for it wouldn't change that much, or it might actually increase. If the value of bitcoin were fixed, demand for it would plummet to almost zero because people buy it with the expectation that the value will go up.
>>57769735
Move to a better country where you're not constantly afraid of the government. Your government can easily confiscate your crypto by throwing you in jail until you guy up your keys btw.

>>57766199
Currencies are good and if i have bitcoin in australia i can buy dollars in texas if i have bitcoins in argentina i can buy euros in germany.

Can gold in australia buy euros in spain?

>>57766138
https://bitcoinmagazine.com/markets/edward-snowden-anticipates-government-acquisition-of-bitcoin-in-2024

You cunts are clueless and blind. I have no sympathy

>>57763274
FULLY CORRECT, fpbp

>>57764645
>The reason organized crime is now a fraction of the size it was just a hundred years ago is the banking system.
Banking is the organized crime

It's not a ponzi it's a use case, why it valued at 5 figures is same thing as asking why gold valued at 4 figures.

>>57763260
Error: Our system thinks your post is spam. Please reformat and try again.

wtf 4chan, fuck you.

>>57763260
>>57763291
>>57763315
>>57763380
>>57763426
>>57763446
>>57763681
>>57763790
>>57763883
>>57763964
>>57764169
>>57764226
>>57764436
>>57764645
>>57765041
>>57765343
>>57765355
>>57765506
>>57765552
>>57765578
>>57765639
>>57765776
>>57765873
>>57765963
>>57769305
>>57769821
>spends 11 hours absolutely SEETHING against Bitcoin
You're either a jew or a salty low IQ retard who fell for le epic leddit silver stacking meme

>>57770614
>have tab open last night
>go to sleep
>tab is still open when I'm back at my desk
You sure got me there.

>>57769821
>until you guy up your keys btw
You can have multiple sigs and give the other key to a guy in a different country. Good luck jailing him as well. And unlike gold you can actually carry btc over the border with zero hassle, so if someone's after you, you can just get up and leave, no prep required

>>57763274
>you're
it's your

>>57769821
>11 hours later OP reveals he's a butthurt /pmg/ tard
kek who could've possibly predicted that

>>57770726
Are you a drug dealer or something?

>>57770695
yet you are still here, mr seething retard, are you timing the top to buy some?

You simply don't understand how value works. Gold and art work hasn't appreciated incredibly due to any utility or inherent worth beyond the bare metal or paper it is painted on. If shit on a canvas can go for $500M then Bitcoin can appreciate to whatever it wants as long as enough people consider it mutually valuable.

>>57763260

>Why won't this fucking ponzi die? How are millions of people this fucking stupid?

Because they believe they can make money on it and dump it on someone else. Nobody buying Bitcoin cares about its use potential. They buy it as a gamble in hopes of getting USD and buying actual tangible assets with it.

If anyone you're arguing with over Bitcoin starts talking about its price in USD, they already gave their true intentions away.

I don't remember the exact numbers, but I remember reading a BIS survey study that showed 92% of Bitcoin holders only cared about getting rich and dumping it. Only about 8% of the holders cares about the technology and its use-case. And that was like 6 years ago. It's probably 99% dumpers now.

>>57766277
>USD
fiatcuck
also at least try to agree with other fiat cucks >>57763964

>>57772019
The use case for Bitcoin is that at it lets you store value in a decentralized location. No one can seize the Bitcoin you have the keys to. That makes it useful for shadowy fucks looking to keep money someplace where sanctions, the central bank, and/or great leader can't fuck it up. It will never become the foundation of the global economy because there's not enough control over it for anyone to actually favor it over the currency they control. Its not really good for large purchases, its really not good for small purchases. It really only beats out gold because gold can be seized barring burying it in the ground like some sort of fucking pirate and enough people have been burned by hucksters selling gold coins only to be able to dump them at a loss at cash-4-gold places.

Likewise, the technology is not particularly interesting. Its a public ledger where you basically pay energy companies for a lottery ticket that maybe you win with and you get to write the next block, earning the mining reward and transaction fees for every transaction you add. Maybe Ethereum stops fucking around and does something interesting, but so far the best its managed was the NFT bullshit that also went nowhere.

The hold and dump of bitcoin is the whole fucking point. The profit motive of the people running this shit can be summed up as "Drive the price of Bitcoin up" which is:

1. a better option than real estate which is about to have a massive shakeup over houses sitting empty after being bought by corporations and foreign governments looking to park money somewhere

2. a better option than stocks which are massively traded on the inside as CEOs are elected to gut companies and extract value while informing their buddies of major moves before hand

3. a better option than lol savings or bonds

The only thing that would really crater the value at this point would be a near-worldwide ban, and everyone who would even consider that has already been bought and payed.

>>57763964
>um no, you see, it's a good thing that your money loses value over time, you fucking imbecile
>in fact, you should be thankful
I despise faggots like you with every fiber of my being

>>57772811
>it lets you store value in a decentralized location
It does not have value.
>>57773064
Sorry if the truth triggers you.

newfag here. want to buy some btc. i have etoro account. should i get it there get the raw coin? selling on etoro later on would be easier. send help

The resistance towards forgery makes Bitcoin's worth so high that you might as well consider the blockchain itself to be art.

>>57763260
cause boomers know that btc staking is epic. babylonchain.io btw

>>57763454
Kek, this has to be a form of trolling. I refuse to believe I am breathing the same air as people like this faggot

>>57763260
never forget the old tulip mania because that's what blockchain technology is comparable to 17th century tulip mania, still remember that old tulip mania. Crazy times during the tulip mania.

>>57763862
gold is the only value preserver you imbecile.
gold has the same fiat value today as it had during the roman empire.

that says nothing about Bitcoin.
they are different things.
Bitcoin is a technological leap in currencies away from centralized control of issuance.
Gold is gold.

Nocoiner tears are the best part of the bull market. Even better than the gains tbqh

>tell people to give up
>claim you're helping them

>>57770793
No surprise there.

>>57763260
Btc 420k on halving day

>>57763260
Its dumping right now

300k eoy

>>57777663
>down 1%
>still up 18% this week
cope

>>57777996
> Its dumping right now
Man, I wish all my stocks "dumped" this hard...

>>57777996
Just wait. At least its not going up non stop like the last 4 days. Its actually going down and staying down for a longer amount of time than previously. This is the start of the dump

>>57765552
>There's demand for the dollar because you can exchange it for things you need in shops and businesses.
This is incorrect. The primary driver behind the value of fiat is that taxes of the issuing state need to be paid in it. This puts a floor in the fiat price. You can see this clearly in countries with weak institutions, they have a large (untaxed) gray economy that often primarily uses more stable foreign currency or even crypto or precious metals.

>>57778415
You don't know what it's going to do. I know, however, in the long run it will keep appreciating in value.