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/biz/ - Business & Finance

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723975 No.723975 [Reply] [Original]

>upside of $200 million a bitcoin
explain to me why I shouldn't put a few hundred in bitcoin?

>> No.723982

>>723975
The delusion in that post is just incredible. Fanatical stuff.

>> No.723985

The same reason as 2008. Bubbles pop. Especially ones that are non regulated crypto currency.

I'm so sick of hearing about bitcoins when clearly the run is over. If you really want to gamble look at upcoming currencies and get in for dirt cheap

>> No.723992

>>723975
I've never seen someone so delusional.

>> No.723994

You could literally green text and reaction image every single sentence in that post and it would be fitting.

>> No.723999

The idea that Bitcoin will become equal to global GDP is so retarded that I have a hard time believing the post is real.

>> No.724095

>>723999
>things that you have a hard time believing never come true.

Bitcoin only has to take 10% of paypal and Western Union to make the price go above $10,000 a coin.

>> No.724096

>>723975
>

Because the world's GDP isn't anywhere near $4 quadrillion, and anybody who thinks it is is a fucking moron?

>> No.724101

>>723975
classic reddit.

>> No.724113

>>723975
reddit doesn't know shit about economics or finance apparently

>> No.724114

>>724095
>things that you have a hard time believing never come true.
This one won't.
>Bitcoin only has to take 10% of paypal and Western Union to make the price go above $10,000 a coin.
I'd be interested to know how you calculated that, because I'm pretty certain you're wrong.

>> No.724116

>>723975
Um... Go to reddit..?

Feels kinda hollow to say in this case. Anyways, SAGE.

>> No.724120

>>724116
Except not.

>> No.724125

>>724120
sage goes in options, genius.

>> No.724130

>>724095
>Bitcoin only has to take 10% of paypal and Western Union to make the price go above $10,000 a coin.

20 million coins at $10,000 each is $200,000,000,000 or $200 billion. Someone should really tell Paypal and Western Union that they control $2 trillion dollars worth of the market. I bet they'll be thrilled.

>> No.724134

>>724130
>implying that's even a lot for a global banking service
I actually have no idea how much cash they control though

>> No.724152

>>724125
>Implying I didn't put sage in options too. Retards these days, with their assumptions and hypocrisy.

>> No.724166

god I really hope bitcoin goes to zero and all these retards get wiped out

>> No.724168
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724168

>>724152
> implying I didn't know you did that and you know I knew.

>> No.724844 [DELETED] 
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724844

Because you can get them for free.. Dipshit, see picture.

>> No.724856

>>724844
No shilling allowed

>> No.724858

>>723985
>bubbles pop
>not learning to ride the bubble
>gambling with only $100 or so

come on anon

>> No.724896

>>724858
too late for that. This bubble popped a year ago and continues to slowly deflate.

>> No.724962

>>724096
Where the fuck did he even get that number? It's not even in the ballpark.

>> No.724969

https://www.youtube.com/watch?v=yPIvqJsCOSo

>> No.725008

>>724095
>value of your magic currency still tied to how many USD, Euro, or Yen it can be exchanged for

>> No.725041

>>723975
>assuming bitcoin becomes only unit of account
>$200million/coin
how can someone write something like that and not realize they are utterly retarded?

>> No.725193

>>723975

> not secure
> not backed by a people/nation

this is the fatal flaw.

>> No.725302

>>725193
I would say the fatal flaw is that bitcoin is mostly used for speculation and buying drugs, and is not a productive asset like stocks or bonds

>> No.726693
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726693

Soon Bitcoin will shoot up to $1000+
any moment now.
aaaaany moment... now...

>> No.726704
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726704

>>726693

>bitcoin will be $1,000,000 a coin in several years!
>k-keep laughing poor fags!

China outlawing Bitcoin was really the deathblow. Even then it was only used to launder money.

>> No.726707

>>725302

well gold and diamonds would debunk this argument.

but yeah it is another issue.

for me the biggest thing still though, is that its not secure/backed, and thus serious professionals cannot trust it as a secure financial investment.

also the old people are not going to want to figure out how to set it up on their computer and store it.

the mt gox and similar scandals really fucked shit up.

>> No.726757

>>723975
I mean. If its not a big deal for you budget wise then yeh go ahead.

Honestly. For all the hate on this board it could get jacked back up any time. 200 bucks a coin? Thats like a date noght at red lobster and a comedy club and what a tank of gas?

Go for it

>> No.726763

>>726757

By that same logic, you should be investing in every penny stock you can and going to the casino daily.