>Cryptocurrencies are a crock

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Anonymous Wed Jul 18 15:58:04 2018 No.10322409 [Reply] [Original]

>Cryptocurrencies are a crock

>>	Anonymous Wed Jul 18 15:59:16 2018 No.10322425 I've always thought the same thing desu. That guy is smart

>>	Anonymous Wed Jul 18 16:00:22 2018 No.10322443 >>10322409 no im financing a drug operation for dat bomb lsd i be getting even better

>>	Anonymous Wed Jul 18 16:00:38 2018 No.10322446 He kinda has a point tho.

>>	Anonymous Wed Jul 18 16:01:12 2018 No.10322455 I buy BTC to finance ICOs boomers BTFO

>>	Anonymous Wed Jul 18 16:01:42 2018 No.10322460 >>10322409 >buy bitcoin >send bitcoin to ICO >literally financing a company

>>	Anonymous Wed Jul 18 16:01:50 2018 No.10322462 >>10322409 >When you buy shares of TSLA, are you financing a mission to Mars? >No - you are gambling on its value Fucking worst argument.

>>	Anonymous Wed Jul 18 16:02:32 2018 No.10322468 Even if that's true, speculation has a place in a healthy economy. Commodities markets are purely speculation for example

>>	Anonymous Wed Jul 18 16:02:48 2018 No.10322472 >>10322446 What do you do when you buy a stock? Exactly.

>>	Anonymous Wed Jul 18 16:02:56 2018 No.10322477 >>10322460 He's not talking about the "send bitcoin to ICO" which is an unrelated event. He is specifically talking about the act of buying bitcoin.

>>	Anonymous Wed Jul 18 16:03:01 2018 No.10322482 >>10322409 I wonder why he doesn’t critique holding fiat... can’t think of any reasons

>>	Anonymous Wed Jul 18 16:03:44 2018 No.10322496 >>10322425 Over $55 million usd has been allocated to charities in the pineapple fund. https://pineapplefund.org/

>>	Anonymous Wed Jul 18 16:03:49 2018 No.10322497 >>10322409 Yes, you are financing factories that min bitcoin.

>>	Anonymous Wed Jul 18 16:03:49 2018 No.10322498 >>10322409 >buy gold >financing a factory

>>	Anonymous Wed Jul 18 16:03:51 2018 No.10322499 >>10322446 kinda? he just exposed crypto as the scam it is

>>	Anonymous Wed Jul 18 16:05:05 2018 No.10322514 >>10322499 and pretty much the entire stock market, and forex market

>>	Anonymous Wed Jul 18 16:05:31 2018 No.10322519 >>10322409 DELETE HIM

>>	Anonymous Wed Jul 18 16:05:43 2018 No.10322523 File: 39 KB, 454x340, IMG_0502.jpg [View same] [iqdb] [saucenao] [google] >buy a factory >with BTC boomers BTFO

>>	Anonymous Wed Jul 18 16:05:47 2018 No.10322526 >>10322409 no shit

>>	Anonymous Wed Jul 18 16:06:16 2018 No.10322533 What a retard No I'm not financing a factory I'm financing a development team. The internet has been a thing for decades now and we still have literal fossils that don't get it

Anonymous Wed Jul 18 16:06:18 2018 No.10322534

>>10322477

What is his point then?

If you buy literally anything with the intention to sell it for profit later on you are gambling on its value. Literally any single type of purchase, be it stock, property, magic the gathering cards, gold, silver, ANYTHING you think by buying now is a good decision based on its expected future value is gambling.

>>	Anonymous Wed Jul 18 16:06:35 2018 No.10322538 >>10322446 >implying this isnt what people do every day in the billions, speculate on foreign currency literally how fucking soros got his billions, (((GAMBLING))) on its value.

>>	Anonymous Wed Jul 18 16:06:59 2018 No.10322541 >>10322472 You buy partial ownership of a company that in turn uses the raised capital to finance corporate expenditures and create jobs.

>>	Anonymous Wed Jul 18 16:07:13 2018 No.10322545 >>10322499 bitcoin is effectively an index of blockchain technology, which is a promising emergent technology. he's only showcasing his own ignorance.

>>	Anonymous Wed Jul 18 16:07:30 2018 No.10322553 >>10322514 no, did you even listen to what he said?

>>	Anonymous Wed Jul 18 16:07:59 2018 No.10322560 >>10322409 Unsophisticated investors are real lucky to have Congressman Sherman protecting them from their own recklessness. People these days, youngsters especially tend to forget that the price of success is hard work.

>>	Anonymous Wed Jul 18 16:08:35 2018 No.10322571 >>10322545 >promising emergent technology LMAO

>>	Anonymous Wed Jul 18 16:09:59 2018 No.10322585 >>10322571 dapps are in their infancy, see you in ten years

>>	Anonymous Wed Jul 18 16:13:18 2018 No.10322627 >>10322585 yes, glorified if-else apps are going to revolutionize the world. kek

Anonymous Wed Jul 18 16:13:38 2018 No.10322630

>>10322409
>talking fossil doesn't know how the internet works
>seated corpse is getting fetus injections and toddler sex in exchange for protecting the financial enslavement industry
wew lad, I almost thought politicians were serious about helping their subje- I mean voters

>>	Anonymous Wed Jul 18 16:14:33 2018 No.10322643 File: 2.36 MB, 498x278, 1530851044960.gif [View same] [iqdb] [saucenao] [google] >>10322409 >Manufacturing sector corporate debt is the only valid form of currency.

>>	Anonymous Wed Jul 18 16:14:41 2018 No.10322645 >>10322534 retarded reddit spacing, but not really wrong, shares do pay dividends usually on the other hand.

>>	Anonymous Wed Jul 18 16:14:47 2018 No.10322646 >>10322409 As a rule, I don't trust Jews.

Anonymous Wed Jul 18 16:14:50 2018 No.10322648

>>10322534
He is talking about the purpose of owning bitcoin. Most people, at the moment at least, are only buying bitcoin for the purpose of owning it and hoping (aka gambling) that it will rise in value. This is even more true for shitcoins/altcoins that you buy by "sending bitcoin to their ICOs".

Anonymous Wed Jul 18 16:16:13 2018 No.10322660

>>10322553
my point is it's all a fucking sham. cryptos, stocks and futures markets, paper gold, forex bullshit. no one buys a stock because they think they are financing a factory, they buy it to make capital gains and the margin traders are degenerate gamblers, more so than crypto traders. crypto margin traders are reluctant kneepad girl tier.

Anonymous Wed Jul 18 16:17:01 2018 No.10322673

Bitcoin doesn't even seem to be money, or 'peer to peer cash'.
For a start its not peer to peer like real cash, there are privately owned intermediaries called miners.
Secondly, real cash in the bank can be exchanged one to one with real notes and coins with the same face value. Bitcoin can't and must be converted to real money at the prevailing market rate. Its like a foreign currency that nobody in the country wants to accept unless they can convert it at a good rate.
Thirdly most people who are accepting bitcoin for payments really want cash and not bitcoin, so the bitcoin will get sold ASAP. Bitcoin is not even money in these transactions, it is simply a fancy money wiring service, a vehicle to transmit converted cash from one account to another. Its like using western Union.

>>	Anonymous Wed Jul 18 16:17:34 2018 No.10322676 >>10322409 (((Sherman)))

>>	Anonymous Wed Jul 18 16:17:47 2018 No.10322678 >>10322409 Commie jew, what did you expect?

>>	Anonymous Wed Jul 18 16:18:21 2018 No.10322683 >>10322645 >reddit spacing Nigger I've posted on here since 2007 - yes I am a boomer. It is just how I post.

>>	Anonymous Wed Jul 18 16:18:35 2018 No.10322686 >>10322673 lmao imagine going through life being this dumb

Anonymous Wed Jul 18 16:18:50 2018 No.10322688

>we need debt and negative banking balances to stimulate the economy
>switching from our local debt currency to a global currency is "buying in" and decreases the value of our printed monies
>go to work for your master and accept your quarterly 0.01% gains from our manipulated shareholders markets and be thankful we're watching out for you
10 years from now the world will be laughing at this retard

Anonymous Wed Jul 18 16:18:56 2018 No.10322689

>>10322660
>my point is it's all a fucking sham. cryptos, stocks and futures markets, paper gold, forex bullshit. no one buys a stock because they think they are financing a factory, they buy it to make capital gains and the margin traders are degenerate gamblers, more so than crypto traders. crypto margin traders are reluctant kneepad girl tier.

read some jordan peterson about the dangers of nihilism

>>	Anonymous Wed Jul 18 16:19:14 2018 No.10322695 >>10322472 to be fair stocks aren't branded as currencies

>>	Anonymous Wed Jul 18 16:19:49 2018 No.10322699 >>10322409 No, I'm buying it to trade for tokens that give me enhanced functionality within apps and to use for staking. I'm literally funding a company and using it as money. GTFO boomers

>>	Anonymous Wed Jul 18 16:19:51 2018 No.10322701 File: 91 KB, 400x400, 400.jpg [View same] [iqdb] [saucenao] [google] >>10322409 But that's not true. Optimally you are financing the development of the technology

>>	Anonymous Wed Jul 18 16:20:07 2018 No.10322702 File: 19 KB, 512x384, 1528238248060.jpg [View same] [iqdb] [saucenao] [google] >>10322689 >read some jordan peterson

>>	Anonymous Wed Jul 18 16:21:24 2018 No.10322718 File: 1.02 MB, 1048x546, milf.png [View same] [iqdb] [saucenao] [google] >>10322409 this faggot jew, I swear it's not gonna end well for them

>>	Anonymous Wed Jul 18 16:21:32 2018 No.10322720 If this idiot really said that and has some kind of say in the government / market I will go 10000x long on btc. All I hear is "I want to accumulate as much as possible dumb goy"

>>	Anonymous Wed Jul 18 16:21:40 2018 No.10322723 >>10322689 I never said it was a bad thing, cryptos made me rich. the retard shouldn't think it's any different from traditional wall street though. the only difference is wall street doesn't own the crypto market which pisses them off.

>>	Anonymous Wed Jul 18 16:22:17 2018 No.10322730 >>10322686 >>>10322673 (You) >I only have ad hominem arguments Brainlet tier response.

>>	Anonymous Wed Jul 18 16:22:36 2018 No.10322733 >>10322701 But if you don't want that technology to upset your financial industry.... you fuddy fud dud the shit out of it. And then go on to collect shekels from your """national security""" advisors

Anonymous Wed Jul 18 16:22:47 2018 No.10322737

>>10322409

Nope. When buying bitcoin, you are extracting money from a system that's buttering his bread. You are obfuscating your wealth and you can transact freely, without any middleman, anytime, anywhere, and much faster then using traditional pipelines.

Something of value doesn't neccesarily have to be something you can physically hold in your hands. What a low-IQ pseudo-intellectual retard. They all are.

>>	Anonymous Wed Jul 18 16:23:25 2018 No.10322747 His 3rd biggest donor is Allied Wallet, a wannabe Paypal. They probably wrote his script for him.

>>	Anonymous Wed Jul 18 16:23:39 2018 No.10322754 Actually youre financing a chinese mining farm Which provides value to the world by ptinting imaginary internet money How is this any worse than buying some physical product that is just gonna lie in the shelf all day

>>	Anonymous Wed Jul 18 16:23:58 2018 No.10322757 >>10322723 oh ok - carry on then faggot

>>	Anonymous Wed Jul 18 16:25:00 2018 No.10322775 >>10322737 Cmon be honest, you know that dinosaur is shitting his gown right now thinking about how he doesn't have control over this technology along with how it would destroy the implied "value" of his fiat holdings

>>	Anonymous Wed Jul 18 16:27:24 2018 No.10322801 >>10322541 Please tell me how buying a stock from someone is going to raise capital for the company ?

Anonymous Wed Jul 18 16:27:48 2018 No.10322806
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>>10322409
>"gamble" on bitcoin's value; buy bitcoin and hold, which inevitably assists the miners in selling their supply for a greater amount, and finances their operations
>"gamble" pays off for you
>buy back local properties from chinese cartels
>finance factories
lol

Anonymous Wed Jul 18 16:29:38 2018 No.10322825

>>10322678
Dunno bud, what I saw was a Harvard-educated self made white male taking a stance in the name of common sense against a LibCap, a pajeet and a purple haired feminist using technobabble and buzzwords to swindle out money from the hard working men and women, all to strengthen the enemies of the free world.

>>	Anonymous Wed Jul 18 16:29:46 2018 No.10322827 >>10322409 >Buys gold >Buys silver >Buys land >Buys foreign currency

>>	Anonymous Wed Jul 18 16:29:55 2018 No.10322829 >>10322801 The IPO raises money for the company. The reselling is required infrastructure for the former because nobody in their right mind would invest in anything that would be impossible to sell.

>>	Anonymous Wed Jul 18 16:30:33 2018 No.10322839 >>10322627 Lol yeah, can you imagine a network of robots talking to each other ? HAHA BLIP BLOOP BLIP get looost

>>	Anonymous Wed Jul 18 16:30:36 2018 No.10322840 >>10322627 >Simple, If-else apps >Apps that literally let you use a unified login and store data/value across platforms and give true freedom to the consumer to choose Yup

Anonymous Wed Jul 18 16:31:05 2018 No.10322845

>>10322425
>>10322446
>>10322468
>>10322472
But it's not a fucking stock, it's a private currency. Stupid boomer jew can't wrap his head around it, but the whole point of it is that it's going to be used to buy shit and there wont be an omnipotent unchecked entity printing insane amounts of it for free

>>10322482
This guy gets it

Anonymous Wed Jul 18 16:31:11 2018 No.10322848
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>>10322689
...which has absolutely nothing to do with questioning the economic value of assets.

With that said, a bitcoin has indeed value because it gives one liquidity in the most secure and trustless bank that has ever existed. Granpa is just confused

Anonymous Wed Jul 18 16:32:37 2018 No.10322864

>>10322829
When you buy a stock from someone you don't buy it from the IPO r-e-t-a-r-d.
> The reselling is required infrastructure for the former because nobody in their right mind would invest in anything that would be impossible to sell.
or
>we design something as a ponzy scheme because other wise nobody would play the game
Its all the same. Buying a stock post IPO or buying bitcoin doesn't provide any value

>>	Anonymous Wed Jul 18 16:33:17 2018 No.10322873 >>10322864 Are you purposely misunderstanding what I'm saying?

Anonymous Wed Jul 18 16:33:45 2018 No.10322876

>>10322409
>gambling on the potential outcome of the factory.

it would have been better to argue that pursuing crypto as a means of productivity or national contribution isn't good.
But I guess that isn't as scary for people as "you are being risky".

Sensationalism has no idea how to deal with crypto lol.

>>	Anonymous Wed Jul 18 16:35:21 2018 No.10322896 >>10322839 kek

>>	Anonymous Wed Jul 18 16:35:32 2018 No.10322898 So this kike never heard of Ethereum?

>>	Anonymous Wed Jul 18 16:35:39 2018 No.10322900 >>10322409 >Are you younguns financing a factory? >boomer generation proceeds to offshore all manufacturing work to Chinese slave labour >Well? Are you?

>>	Anonymous Wed Jul 18 16:36:23 2018 No.10322906 >>10322900 kek

>>	Anonymous Wed Jul 18 16:36:26 2018 No.10322907 >>10322840 you really think that's revolutionary? lol

>>	Anonymous Wed Jul 18 16:36:42 2018 No.10322910 File: 10 KB, 194x260, 1518447549656.jpg [View same] [iqdb] [saucenao] [google]

>>	Anonymous Wed Jul 18 16:37:17 2018 No.10322915 >>10322472 You own part of a company retard. Ever heard of dividends?

>>	Anonymous Wed Jul 18 16:37:26 2018 No.10322916 >>10322409 >you are gambling on its value Yeah no shit? That's literally the same with stocks, gold and any other investment. You hope its price goes up in the future. Stupid fucking argument.

>>	Anonymous Wed Jul 18 16:37:45 2018 No.10322920 Why's this decrepit black man talking about agriculture

>>	Anonymous Wed Jul 18 16:38:04 2018 No.10322924 But gold is just fine?

Anonymous Wed Jul 18 16:39:07 2018 No.10322940

>>10322873
Okay so to be clear, the fact that you are a sucker buying an unproductive asset like stock to someone who bought it at an IPO makes you a contributor to society ? Because you were the sucker of the person who allowed the company to be financed ?

Anonymous Wed Jul 18 16:39:22 2018 No.10322946

>>10322915

No you don't. You have a right to a proportion of a dividend declared by the directors or vote which is in line with your shareholding.

That is all. You don't literally own the actual company. The company can just not declare dividends and you aren't entitled to rock up to HQ and start removing office furniture cause you own that shit nigger.

>>	Anonymous Wed Jul 18 16:39:33 2018 No.10322949 >>10322848 Nihlism is a huge deal for economics. You're a dweeb dude. If you don't hear the religious ideologies in these talks, you're retarded

Anonymous Wed Jul 18 16:39:37 2018 No.10322951

>>10322864
>Its all the same. Buying a stock post IPO or buying bitcoin doesn't provide any value

You're either retarded or purposefully obfuscating (ie. lying).

Many stocks DO provide value, in the form of dividends. Your entire premise has a stick of TNT shoved up it's ass and lit, right there.

If you buy enough stock, you can actually control a company. More value.

If you hold enough stock, in some cases, you can vote for issues regarding the company. Oh, look, more value.

Stocks are valued on many things, but for the vast majority, the actual value of physical assets and real estate and inventory are calculated in. Wow, value.

BTW, crypto has none of these values.

Anonymous Wed Jul 18 16:40:47 2018 No.10322969

>>10322446
his point that theres nothing crypto can do that normal fiat currencies cant do better was just ignorant. and he knew that. hes just manipulating the dumbos because he was hired to be anticrypto by someone. thats how these things work. obviously the decentralized ledger is going to be integrated into numerous use cases, even a crypto critic will admit that. he went beyond reasonable criticism to full grumpy boomer retard, so hes either a full grumpy retard or being paid to act like one or both. or maybe hes pro crypto or indifferent and just playing bad cap i dunno

>>	Anonymous Wed Jul 18 16:40:49 2018 No.10322970 >>10322462 >Doesn't get that Tesla and SpaceX are completely different and legally seperate financial entities. >Runs his mouth anyway

>>	Anonymous Wed Jul 18 16:40:51 2018 No.10322972 >Cryptocurrencies are not investment assets but speculative assets Wow. Who would have thought that.

Anonymous Wed Jul 18 16:41:00 2018 No.10322976

>>10322845
>private currency

what does this even mean brainlet? the lint in my pocket could be a "private currency" if I could trick enough idiots into accepting and trading it, which is exactly what happened with crypto.

The reason fiat/USD is never going to be dethroned as the predominant currency, at least in our lifetime, is that the DEBT of the United States secures the value of their currency.

The entire world wants to see the USD continue succeeding because the USA has so much outstanding debt that should their dollar fail or be displaced, those countries/corporations whom are owed the debt would not be able to collect.

Cryptocurrency has the entire might of the global financial markets fighting against it. It's a lost cause, truly. We get to have some fun playing around in this sub-$1 trillion market for a few years and then it'll eventually disappear entirely.

Anonymous Wed Jul 18 16:42:16 2018 No.10322991

>>10322951
>the vast majority, the actual value of physical assets and real estate and inventory are calculated in
You are never going to see any of this though. You can't exchange your stock for a room in the company's building.
And about control, the point holds but still you would have to buy a lot and it doesn't apply to the simple man.
And about dividends, you are right

Anonymous Wed Jul 18 16:43:20 2018 No.10323000

>>10322940
I'm saying that
1) IPO's provide value
2) IPO's could never exist if the assets gained in an IPO could not somehow be liquidated at a later point
3)Therefore either reselling or forced buybacks from the company side (which negates the point of raising capital) have to exist and indirectly provide value.

The sucker part is your contribution and you're allowed to think so. Calling it a ponzi is wrong because value can decrease at any time.

>>	Anonymous Wed Jul 18 16:43:40 2018 No.10323006 >>10322991 but the point was if you were contributing to society or not

Anonymous Wed Jul 18 16:44:29 2018 No.10323014
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Face it, until there are credible real-world uses for blockchain technology, this market is going to be based on pure speculation.

Bitcoin is such an awesome idea in theory, but in practice it hasn't lived up to its original purpose. Innovation is great, but until cryptocurrencies are practical and conveniently used to solve actual issues, Boomers and Normies will shit on them and misunderstand them and purposely hinder blockchain adoption. We need dapps and projects that will revolutionize industries using blockchain and cryptocurrencies.

Anonymous Wed Jul 18 16:44:51 2018 No.10323022

>>10322946
It's more than owning shitty crypto that doesnt even pay you back. You have someone to call if something goes wrong what the fuck happens in crypto? Nothing. If I had to pick a form of passive income it sure as fuck wouldnt be something intangible that nobody can control

>>	Anonymous Wed Jul 18 16:45:23 2018 No.10323027 >>10322907 The way it's implemented. Yes. Been in IT for my entire adult life and never seen anything truly like it. I mean there's SSO and shit... But that doesn't really stack up the same, at all.

>>	Anonymous Wed Jul 18 16:45:57 2018 No.10323035 >>10322533 Lmao this. We have a long way to go so better warch and enjoy the ride.

>>	Anonymous Wed Jul 18 16:46:01 2018 No.10323036 >>10323006 Have you seen the memes from /biz/? That's a fuck ton of social contribution

>>	Anonymous Wed Jul 18 16:46:25 2018 No.10323043 >>10323014 Global P2P wealth transfer is one. Every one there is so vested in the government that they didn't tell him that they don't want to keep and transfer wealth in non-transparent system.

Anonymous Wed Jul 18 16:47:43 2018 No.10323063

>>10322409
>commodities arn't stocks
Wow I'm surprised, such boomer wisdom
>when you buy gold, are you financing a factor? No you are gambling on it's value.
His logic applies to any commodity.
You're gambling that the price of this commodity will rise because in the future demand will rise.

Whether it's a tangible physical commodity such as gold or a digital commodity such as bitcoin, in both cases you're gambling the future value of it will rise due to increased demand.

>>	Anonymous Wed Jul 18 16:48:05 2018 No.10323066 >>10323022 Haha this reminds me of one of those congressional hearings about crypto. This scheister got up and asked "if I buy bitcoin and it loses value, can I sue Satoshi Nakamoto?" Then he said the fact that he couldn't meant cryptos are a scam.

>>	Anonymous Wed Jul 18 16:48:09 2018 No.10323067 File: 226 KB, 500x731, 1513292978976.png [View same] [iqdb] [saucenao] [google] >>10322560 (You)

>>	Anonymous Wed Jul 18 16:51:08 2018 No.10323104 >>10322976 >the lint in my pocket could be a "private currency" guaranteed scarcity, one bellybutton can only produce so much lint easily divisible verifiable by genetic testing of trace skin cells checks out, belly button lint can be money

>>	Anonymous Wed Jul 18 16:51:53 2018 No.10323116 >>10323066 You're right, buying something that has no backing apart from chink miners and doesnt pay you back is way better then getting income for doing absolutely nothing. wow I should listen to biz more often

>>	Anonymous Wed Jul 18 16:52:25 2018 No.10323122 >>10322949 Calm down brainlet. Was just saying some things have objectively more value than others, specially so if measuring value in an economic context. Your existential predispositions don't apply.

>>	Anonymous Wed Jul 18 16:52:34 2018 No.10323126 >>10323104 But what does it offer over standard currency? Beyond potential for scabies.

>>	Anonymous Wed Jul 18 16:53:01 2018 No.10323136 File: 345 KB, 599x846, 1397415572518.jpg [View same] [iqdb] [saucenao] [google] >>10322409 why are they trying to punish neets

Anonymous Wed Jul 18 16:53:43 2018 No.10323144

>>10322673
>Its like using western Union.
Western Union with a usage tax. That's the number one reason everyday use of Bitcoin has fallen flat on it's face. If I buy a cup of coffee with bitcoin, it's a taxable event. The entire loop of bitcoin makes no sense, at the retail/everyday life level. Take money from bank account, that's already been taxed. Buy bitcoin, pay fees to exchange For purchase. Use bitcoin, to buy goods and services. Tax event, and more fees to make transaction (which may be slower than normal payment methods, which isn't good in a "market" where the value can change up to 10% in less than an hour).

The reality is, unless you're hodling, USING Bitcoin, especially as a US citizen, is simply not cost effective, it's an extra layer or two or three that isn't more convenient, and costs you more than if you just use cash, a debit card, or credit card.

The entire Bitcoin space, aside from simply buying a coin and holding it, is designed to leech fees off you and make your investment worth less just by using it. There is no competitive or financial advantage to using crypto in everyday life. But you mongs think it'll be worth 100k a coin. Yeah...okay.

The only real argument put forward here is "It tells the jews banks to fuck off" - but the crypto marketplace is ripping you off worse than the "jew" banks and institutions could ever dream of doing. And you're doing it willingly. And, worse, you want to replace the current system with one that sucks your blood harder than any jew could hope to do.

>>	Anonymous Wed Jul 18 16:54:45 2018 No.10323157 >>10322699 So, you believe in fairy stories. Got it.

>>	Anonymous Wed Jul 18 16:55:42 2018 No.10323174 >>10323116 Let's talk about your saltiness, anon. Show us where the chinaman touched you.

>>	Anonymous Wed Jul 18 16:55:47 2018 No.10323175 >>10322737 >transact freely Well, except for those transaction fees, and tax events.

Anonymous Wed Jul 18 16:56:12 2018 No.10323179

>>10323126
nothing, and its gross and inconvenient
so im quite bearish on bellybutton lint
im just saying if people wanted to use it as money they could if they were willing to go through the inconvenience and grossness

there was an island of people that used rocks as currency. building larger and larger round stones until it got quite retarded. makes you think, maybe they had nothing else.

>>	Anonymous Wed Jul 18 16:57:28 2018 No.10323199 File: 7 KB, 221x250, wojak.jpg [View same] [iqdb] [saucenao] [google] >>10322976 (You)

>>	Anonymous Wed Jul 18 16:57:31 2018 No.10323201 >>10322560 >hard work >literally a meme from shekelstein to get goyim to make him more shekels for less

Anonymous Wed Jul 18 16:57:51 2018 No.10323204

>>10322845
>omnipotent unchecked entity printing insane amounts of it for free

Tether would like a word with you.

And, it's not a currency. It's an unregulated asset. If you don't know the difference, and worse, don't care, you belong here on 4chan running your mouth to an audience of retards and incels, and not making real money in the real world.

>>	Anonymous Wed Jul 18 16:58:47 2018 No.10323215 >>10323201 the price of success is not being complacent. if your work is difficult, you are being unnecessarily inefficient.

Anonymous Wed Jul 18 16:58:51 2018 No.10323218
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>>10323174
The only one hes hurting is you. When he stops mining your precious coins they are literally worthless. The entire crypto market is backed by a chinaman in a sweatshop somewhere

Anonymous Wed Jul 18 16:58:52 2018 No.10323217

>>10323144
but you can easily speculate that those issues you mentioned are just software and maybe hardware issues that can and likely will be solved sometime in the near future. its not going to tech a wild technological leap to make the improvements there. and these are the early days of crypto.

>>	Anonymous Wed Jul 18 16:59:59 2018 No.10323230 >>10323217 >its not going to tech take

>>	Anonymous Wed Jul 18 17:00:14 2018 No.10323235 >>10323157 Clearly you haven't used any decentralized exchanges. Or the status wallet app.

>>	Anonymous Wed Jul 18 17:00:26 2018 No.10323239 >>10322969 >he was hired to be anticrypto by someone Everything on 4chan devolves to a conspiracy theory, because you incels are literally retarded. "The world doesn't fit my fairy tale bubble! It must be boogeymen!" Never change, 4chan.

>>	Anonymous Wed Jul 18 17:00:29 2018 No.10323240 >>10323218 Where did I say I was even holding any cryptos? >being so salty you can't even read

>>	Anonymous Wed Jul 18 17:01:16 2018 No.10323249 >>10323179 >inb4 we all use bottle caps

>>	Anonymous Wed Jul 18 17:01:18 2018 No.10323250 File: 75 KB, 628x534, 1530392547789.jpg [View same] [iqdb] [saucenao] [google] >>10322976

>>	Anonymous Wed Jul 18 17:01:33 2018 No.10323254 >>10323218 then we shift to a crypto that is asic proof, problem solved. any of these problems i hear people bring up. they will be solved and the market will decide

>>	Anonymous Wed Jul 18 17:02:00 2018 No.10323255 >>10323240 >call people who dont believe in crypto names >"haha woah bro I never said I hold any!" absolute dummy

>>	Anonymous Wed Jul 18 17:02:29 2018 No.10323258 >>10322560 kek

Anonymous Wed Jul 18 17:03:20 2018 No.10323268

>>10322991
Nobody expects to see it, moron. The point is, the "value" of the stock at some point is based on tangible items - crypto isn't.

But considering how hamhandledly you're bashing around the subject like a retarded bull on crack in a china shop, there's no point going further, because you're fully invested in in your fantasy of how things work, and won't listen to anything that doesn't cater to that. It's like trying to reasonable discuss Buddhism with a fundamentalist, speaking in tongues, faith healer Christian.

>>	Anonymous Wed Jul 18 17:03:35 2018 No.10323272 >>10323254 so to keep changing cryptos is the future? wow.....so advanced. Good luck getting people on board

>>	Anonymous Wed Jul 18 17:03:56 2018 No.10323275 >>10323218 Proof of Stake, my dude. Not really mining at that point. Just dividends.

Anonymous Wed Jul 18 17:04:46 2018 No.10323287

>>10323239
i also said it could be that hes just a grumpy boomer retard

i pitched a theory. what you dont have theories? you just take everything at face value? you are getting lied to if you just take mainstream consensus opinion on everything. you do have to think for yourself. its just a theory, im not saying its true. but its a pretty reasonable speculation to assume politicians might be getting paid to say things.

Anonymous Wed Jul 18 17:06:21 2018 No.10323318

>>10323275
And that point it becomes inflationary which is what crypto people want to get rid yes? So not only are you banking on income from something that doesnt exist IRL, but it's now an exact copy of USD or even worse because you cant control the rate of inflation unless its centralized. So what's the point again?

>>	Anonymous Wed Jul 18 17:06:58 2018 No.10323326 >>10323255 Are you this salty all the time or just this evening? How is your blood pressure?

>>	Anonymous Wed Jul 18 17:07:00 2018 No.10323328 >>10323217 The issues are minor. The fees that make crypto more expensive than just using fiat are the real issue. Interesting that you ignored that, and picked the one issue that truly isn't that relevant as the hill to fight on.

Anonymous Wed Jul 18 17:07:01 2018 No.10323329
File: 209 KB, 900x968, 1523375001946.jpg [View same] [iqdb] [saucenao] [google]

>>10323215
>if your work is difficult, you are being unnecessarily inefficient.
HEH, WHY ARENT WE ON MARS FAGGOT TERA FORMING RIGHT NOW, WHATS WRONG ASTRO PHYSICISTS YOU'RE BEING UNNECESSARILY INEFFICIENT.

>>	Anonymous Wed Jul 18 17:07:31 2018 No.10323337 >>10323326 you keep giving me (you)s so I'm not mad at all

>>	Anonymous Wed Jul 18 17:07:49 2018 No.10323340 >>10322907 are you actually retarded

Anonymous Wed Jul 18 17:08:12 2018 No.10323345

>>10323235
Why would I? I don't want to pay more "fees" on money I was already taxed on. I don't need another layer or two or three of complexity and people siphoning off fees, just to buy a fucking sandwich for lunch.

But hurr durrr on me, I guess? For reasons?

>>	Anonymous Wed Jul 18 17:09:10 2018 No.10323353 >>10323337 Man, I can't call you salty for that. You're breaking the cycle.

>>	Anonymous Wed Jul 18 17:09:25 2018 No.10323356 >>10322946 >being this retarded

>>	Anonymous Wed Jul 18 17:09:56 2018 No.10323359 >>10323287 It's also perfectly reasonable to expect conspiracy theory and retardation on 4chan. In fact, it's preferred.

Anonymous Wed Jul 18 17:10:03 2018 No.10323360

>>10323272
changes requiring a switch at that scale will happen gradually enough usually and existing coins can be forked with drastic upgrades if needed. there will be a period of volatility and chaos, opportunity and loss, before the markets stabilize and choose the winners and losers with every set of paradigm shifts in the application of the technologies. in time it will stabilize with volume and use, this is the speculation phase where you can make money on volatility before the markets become more stable.

>>	Anonymous Wed Jul 18 17:10:20 2018 No.10323361 i actually believe in bitcoin to be useful and used by normies one day i think it has more merit than believing in setting everything to 0 because you believe in 0

>>	Anonymous Wed Jul 18 17:10:21 2018 No.10323362 Aren't cryptos valuable in africa-tier economies? literally saving lives by being a stable currency in contrast to local government 'currencies'

Anonymous Wed Jul 18 17:11:41 2018 No.10323371

>>10323144
>If I buy a cup of coffee with bitcoin, it's a taxable event.
Well, the same happens with any commodity.
Buying coffee with a gold coin is also a taxable event.
That's just regulation.
>But you mongs think it'll be worth 100k a coin. Yeah...okay.
You're just a dipshit libtard who thinks 4chan is one single person

Cryptocurrency has value because it allows you to buy things on the black market through the web without handing out your personal information. Bitcoin isn't really that great for this type of thing anymore, but privacy based crypto will have value as long as there's people buying and selling illicit products. When you're buying illicit products you're not paying taxes either.

Anonymous Wed Jul 18 17:11:52 2018 No.10323374

>>10323318
It's already inflationary. Mining in general generates new coins which makes it inflationary. Ether has no hard cap on coins, it's always been inflationary as are many other cryptos.

That's now what I care about in the least bit regarding crypto.

Most money doesn't exist IRL. It's just digits in someone's ledger.

I'm more interested in the ability to easily reconcile ledgers without long dispute processes. The ability to transfer large sums in far quicker times than the ACH system would allow. And the ability to truly control all my assets rather than having a broker hold everything for me, or the ability to easily transfer them to my kids posthumously.

All of which I can easily and reliably do with blockchain tech. It meets my needs in a way no other tech does. I honestly want the USD to move onto a blockchain and run that way as well. I'd prefer it over Tether, TrueUSD, and all these other knock offs.

Decentralization is great for democratic processes on a global level. But individual tokens can still be centralized and controlled with ease. Something like Ether is more a resource for using the chain than it is an actual money. Actual money would be a token on chain that exists stably and backed by a central entity or physical assets.

>>	Anonymous Wed Jul 18 17:11:53 2018 No.10323373 File: 9 KB, 541x329, yellencoin.png [View same] [iqdb] [saucenao] [google] >>10322976 >The reason fiat/USD is never going to be dethroned as the predominant currency, at least in our lifetime ayy lmao

Anonymous Wed Jul 18 17:12:20 2018 No.10323376

>>10323359
you say conspiracy theory like its a bad thing. but conspiracies do happen so it can be reasonable to have theories. i dont see how this term is even an insult. you know it used to be a conspiracy theory that phones could spy on people before the snowden leaks. lots of busted conspiracies and you still think there are no conspiracies?

Anonymous Wed Jul 18 17:12:30 2018 No.10323378

>>10323360
The "market" cannot force the abandonment of fiat and the entire system it's based on. To even theorize about it says you're just some neckbeard incel sitting in a semen covered bedroom in your parent's house (paid for by fiat), jerking off over "payback" to the "jews" who have kept you from becoming your 'true form".

>>	Anonymous Wed Jul 18 17:12:57 2018 No.10323382 >>10323360 You dont understand. It will ALWAYS be unstable. There will always be forks to fix issues with it so it will inherently stay unstable.

>>	Anonymous Wed Jul 18 17:13:32 2018 No.10323387 >>10323179 >your retarded analogies comply with unfalsifiable permissionless decentralized money kys

>>	Anonymous Wed Jul 18 17:13:47 2018 No.10323390 >>10323345 you're a brainlet. go hold some fiat and get robbed by a few % every few weeks like a good goy.

>>	Anonymous Wed Jul 18 17:13:50 2018 No.10323391 jesus christ that face >I'm smarter than you crypto-nerds teehee. I feel like my life has some tidpin of value now due to my whimsical quip.

Anonymous Wed Jul 18 17:14:32 2018 No.10323399

>>10322976
You're absolutely delusional on the debt issue m8. The US isn't some kind of benevolent dictator, it's a 600-billion-dollar/year war machine bully. China, Russia, Japan, and even most of western Europe stand to benefit in the long term from life free of US-driven UN sanctions. Of course the shock of the fall will be felt everywhere, but in ten years the whole world would be thriving, even the ashes of the States.

Get with the times shithead

>>	Anonymous Wed Jul 18 17:15:00 2018 No.10323405 >>10323374 Wow we can actually agree on something. I agree that bitcoin etc can be used to transfer large sums across the border but as a daily currency it's impossible. USD will become blockchain as you said

Anonymous Wed Jul 18 17:15:27 2018 No.10323410

>>10323345
I can definitely tell you haven't used a D-exchange now. The only fee's you pay are basic network fees. Nor would you need to do any of that to buy a sandwich.

You would do it to exchange tokens or stocks without needing to go to a centralized broker. Which means you have more direct control over your portfolio and less hands are taking a cut of your profits. You exchange assets direct between people without a middle man. A d-exchange is just the protocol used to exchange.

>>	Anonymous Wed Jul 18 17:15:31 2018 No.10323412 >>10323371 >Cryptocurrency has value because it allows you to buy things on the black market through the web without handing out your personal information. You're argument is "muh child porn"? LOL. Okay, let's see how that works out for you.

>>	Anonymous Wed Jul 18 17:16:51 2018 No.10323425 >>10323390 Sure thing, you keep holding bitcoin and have 10% robbed in one day for reasons nobody is really sure about.

reluctant kneepad girl Wed Jul 18 17:17:24 2018 No.10323433
File: 250 KB, 493x500, 1496764065957.png [View same] [iqdb] [saucenao] [google]

>>10322409
what so hard for "digital currency" these people understooding?

like jesus...

Can you send dollar bills through internet? NO
Can you send BTC through internet? YES

thats all am to it

Anonymous Wed Jul 18 17:17:24 2018 No.10323434

>>10323412
Interesting that's the first thing that came to mind for you
It applies for many things, such drugs, prostitution et cetera.
And this of course is for free countries, imagine more stricter authoritarian countries.
There is always a black market you know.
Every single country in the world has a black market.

>>	Anonymous Wed Jul 18 17:17:44 2018 No.10323437 File: 29 KB, 633x758, 318271da980706f7a18a811c3456a77d.png [View same] [iqdb] [saucenao] [google] >>10322409

Anonymous Wed Jul 18 17:17:49 2018 No.10323438

>>10323405
That's more the future I'm hoping for. I'm more bullish for institutional blockchain than I am for something like bitcoin desu. I like that it originated the tech, but I personally haven't mined or bothered owning it in ages now. I'm more interested in supporting Dapp development and watching how major players implement the tech. IBM and Microsoft are working on their own versions it seems and JP Morgan is working on a custom Ethereum chain as well. I'm more focused on the tech growth and usage than I am getting rich off of it. I throw most of my money at ETF's really

Anonymous Wed Jul 18 17:18:55 2018 No.10323451

>>10323410
"You haven't been ripped off on everyday transactions so you lose!"

Dude, just give it up. I'm not adding a layer or two or three of complexity to money I already paid taxes on, so some exchange jews can siphon off another couple of percentage points, and I can pay MORE taxes on it.

It's just not going to happen, no matter how much you wobble your neckbeard at me.

Anonymous Wed Jul 18 17:19:13 2018 No.10323455

>>10323412
I remember when (((they))) used that tactic on Trump, it only works on the ultra brainlets. Usually if some kike starts spouting about, "muh cp, terrorists, muh 6 gorillian" then they're afraid of something, its really a uncontrollable defense mechanism for kikes. Remember the kike crys out in pain as he strikes you.

Anonymous Wed Jul 18 17:19:29 2018 No.10323458

>>10323239
>>10323287
The take everything at face value retard vs. the pitching a theory sans evidence conspiretard, I'll do you a favor and play the straight man to your retard duo: https://www.opensecrets.org/members-of-congress/summary?cid=N00006897
look into the background of top contributors, find out the rest
for future reference, aka why is your portfolio bleeding:
>subcomittee hearing
>check the list of witnesses
>yeah, it's bullish, market will pump
-every half competent retard with basic google skills made 1k on every btc he owns at this point (even though I seriously doubt if any of you has a single one, being incompetent retards)
>now, if you aren't a retard you also check the background of the committee members, namely who's dick are they sucking on a daily basis for campaign contributions
>Allied Wallet huh, wonder what they do, oh, all right
>sell right when the hearing starts
and that's why I'm rich and you're a retard, have a nice day
p.s.: being a retard isn't an insult, but your present state of mind. learn how not to act and think like one. yeah, you also own me roughly 500 bucks for my time, that you're free to donate to a non-kill animal shelter of your choice when you cease to be retarded, and for that very reason, poor.

>>	Anonymous Wed Jul 18 17:20:44 2018 No.10323468 >>10323451 You only pay capital gains tax when your crypto rises in value. If your crypto lowers in value and you spend it you can actually deduct it from your income taxes as a loss Does the same happen for USD when you get hit with inflation?

>>	Anonymous Wed Jul 18 17:20:49 2018 No.10323469 File: 49 KB, 1360x772, 1531508201100.png [View same] [iqdb] [saucenao] [google] >>10323451 >Pretends to read post >Makes autistic reply Tfw

>>	Anonymous Wed Jul 18 17:20:59 2018 No.10323472 >>10323438 That's reasonable anon. I'm the same way. While we probably could make a quick buck on the bubble rn I think what you mentioned will lead to way bigger gains in the future

>>	Anonymous Wed Jul 18 17:21:05 2018 No.10323474 >>10322900 kek'ed hard

Anonymous Wed Jul 18 17:21:27 2018 No.10323481

>>10323433
>Can you send dollar bills through internet? NO
I do it every time I pay a bill online. Which is all of them. I don't carry cash anymore, I do everything online. And guess what? I don't pay extra fees to do it, and I don't get taxed on the transactions as capital gains.

Fiat IS digital currency now, and it's more efficient and less costly than crypto. Just give it up, already. There is no use case for crypto at the street level. None. Especially as 99.99% of employers pay in fiat, and pay taxes for you on it before it reaches you account.

>>	Anonymous Wed Jul 18 17:22:04 2018 No.10323488 >>10323468 I wouldn't worry about that guy. I don't think he can read. Apparently taking away layers of abstraction that are commonly used when trading stocks or assets via varying platforms and paying less fees is equivalent to getting ripped off.

>>	Anonymous Wed Jul 18 17:22:22 2018 No.10323494 >>10323481 If you have to pay capital gains tax it means your crypto rose in value you abject retard.

>>	Anonymous Wed Jul 18 17:22:55 2018 No.10323501 >>10323458 If you were rich you could afford morals.

Anonymous Wed Jul 18 17:23:00 2018 No.10323502

>>10323434
Black market is not a use case for street level use of crypto for the average person, retard.

But keep going, it just shows how desperate you are to find a point, or a use case. You know I'm right, but your neckbeard ego won't allow you to admit it. Keep tilting your fedora at me at an aggressive angle, you still can't prove me wrong.

>>	Anonymous Wed Jul 18 17:24:15 2018 No.10323516 >>10323458 >posts gibberish. Literal gibberish. >claims victory This is why I keep coming back here, most of you are literally barking mad.

>>	Anonymous Wed Jul 18 17:24:34 2018 No.10323520 >>10323502 lol this

Anonymous Wed Jul 18 17:24:55 2018 No.10323526

>>10323481
You actually do pay extra fees for paying bills online. Especially with shit like rent. Already your credit card company siphons 3% off of each transaction you process, then a company like square or paypal siphons off even more plus a minimum fee, and then the payment processor (billpay, or whoever) goes and charges an extra percentage fee as well. I've seen up to 80 extra dollars on bills I paid through BillMatrix before.

Also, you don't get charged capital gains taxes on crypto transfers. Only gains if you sell crypto for fiat.

Anonymous Wed Jul 18 17:25:04 2018 No.10323530

>>10323481
In the last 10 years of buying stuff online, I cant even remember all the times I had to
>call cc to approve a purchase
>submit personal information just to buy an item with a cc, drivers license / picture of card, had to do this with mojang when buying minecraft for a newphew

>>	Anonymous Wed Jul 18 17:25:16 2018 No.10323533 >>10323468 I still have to report the transaction of a fucking sandwich. There's no point to it, there's no point to using crypto for everyday transactions, you can't make a case for it, give it up.

>>	Anonymous Wed Jul 18 17:26:17 2018 No.10323552 >>10323469 I'll take that as a win, for me.

Anonymous Wed Jul 18 17:27:10 2018 No.10323565

>>10323501
If I were a moral person I would crush the whole market out of sheer disgust for what it had become.
>>10323516
retard who can't even read
https://www.opensecrets.org/members-of-congress/summary?cid=N00006897
https://en.wikipedia.org/wiki/Allied_Wallet

Anonymous Wed Jul 18 17:27:11 2018 No.10323566

>>10323502
>>10323520
>black market isn't a use case because the average person doesn't use it
What kind of logic is this?
A use case is a use case
Essentially, you've set up this complete strawman that claims everyone on 4chan thinks crypto will be a gorillion dollars sometime in the future. Then you knock down this strawman over and while claiming you're winning the argument.

>>	Anonymous Wed Jul 18 17:27:16 2018 No.10323569 >>10322976 disbelief

>>	Anonymous Wed Jul 18 17:28:10 2018 No.10323586 >>10323378 im not theorizing that crypto will replace fiat. i couldnt say and i think if it can its a long way off im just saying crypto will grow and show many use cases. no neckbeard or lack of sex life is required to come to that conclusion

>>	Anonymous Wed Jul 18 17:28:19 2018 No.10323587 >>10323530 >call cc to approve a purchase lol this is either a larp or you're a poorfag/criminal. I dont think I've ever had to call my bank to buy shit rofl

Anonymous Wed Jul 18 17:28:44 2018 No.10323593

>>10323494
Okay, so, according to you, the system will work for me, buying a sandwich, with Bitcoin losing value consistently, over time.

LOL.

How may fuses in your brain did you pop trying to come up with that brilliance?

We'll leave alone that I still have to report every transaction to keep the IRS off my ass, which is a pain in the same ass regardless. I can buy a sandwich with fiat, and never think about the transaction again, but I have to remember to report it in April when I file? Fuck right off with that nonsense, asshole.

Anonymous Wed Jul 18 17:29:22 2018 No.10323599

>>10322409
Boomers doesnt even know that the stockmarkets only purpose is to give companies a false illusion of their value in networth that u can pump by buying a useless stock that gives value for literally no other reason than money and then at any time anyone invested can pull out their funds instantly crashing the illusion lmao fucking boomers jewed af

>>	Anonymous Wed Jul 18 17:29:34 2018 No.10323602 >>10323387 i wasnt even trying to make a point. it was small talk about whether bellybutton lint could be used as money. it could, but theres no reason to. i wasnt making an analogy

Anonymous Wed Jul 18 17:29:58 2018 No.10323605

>>10323587
They put blocks on your card if you buy large items online that get charged to multiple people in varying locations. Happened to me when building my last PC. They flagged several charges as fraudulent because they were in NY, Cali, and local all within the course of several minutes.

Anonymous Wed Jul 18 17:30:18 2018 No.10323614

>>10323533
You're being very disingenuous
Essentially, you're claiming because American regulations require you to report that transaction it means that throughout the entire world crypto is worthless.

Regulations can change very quickly you know.
They're not laws of physics.

>>	Anonymous Wed Jul 18 17:30:20 2018 No.10323616 >>10323526 I don't pay rent with a credit card, i make direct deposit, no fees. 100% direct bank transfer between my bank and theirs. Oh, look, you're wrong again. Oh dear.

>>	Anonymous Wed Jul 18 17:30:44 2018 No.10323620 >>10323599 I dont get how people think the stock market isnt real but crypto is. It baffles the mind lmao

>>	Anonymous Wed Jul 18 17:31:30 2018 No.10323626 >>10323566 Wow, he's still going, lol. He's one of them extra special neckbeards.

Anonymous Wed Jul 18 17:32:27 2018 No.10323642

>>10323593
>Okay, so, according to you, the system will work for me, buying a sandwich, with Bitcoin losing value consistently, over time.
It's clear that you don't want a debate because that is clearly not what I wrote.

You can't even acknowledge that you were wrong about the tax thing and that's a clear sign you're arguing in bad faith.

>>	Anonymous Wed Jul 18 17:32:51 2018 No.10323646 >>10322825 Yeah, bro. If a Harvard graduate told me to eat shit because it's healthy, I would definitely do it.

>>	Anonymous Wed Jul 18 17:33:05 2018 No.10323649 >>10323614 I said previously "as a US citizen". I've been talking entirely as a use case FOR ME. But you keep accusing me, if it makes your sad little self feel better. It's 4chan, none of this matters in the real world.

>>	Anonymous Wed Jul 18 17:33:16 2018 No.10323650 File: 53 KB, 750x692, 1526498326379.jpg [View same] [iqdb] [saucenao] [google] >>10322409 Same with speculating on literally anything else. Jesus what a faggot. How is speculation on gold, silver or even fucking sugar different.

>>	Anonymous Wed Jul 18 17:33:34 2018 No.10323653 >>10323626 >i'm going to ignore his argument and call him a neckbeard >this means I win the debate

>>	Anonymous Wed Jul 18 17:34:21 2018 No.10323660 >>10323458 This is a good post

>>	Anonymous Wed Jul 18 17:35:03 2018 No.10323668 File: 96 KB, 936x434, TechSegChartPlusTitleGrey3.jpg [View same] [iqdb] [saucenao] [google] >>10323649 >i personally would never use this technology therefore it's worthless

Anonymous Wed Jul 18 17:35:14 2018 No.10323673

>>10323587
At the time I was buying $5k or so worth of small purchases monthly for a business I was running. It was pretty regularly my card would receive a block until I called in. You might be zoomer but it happened a lot a 10+ years ago when buying anything online that wasnt shipped, a lot less nowadays. I was trying some mmo out recently BDO and they made me send in all kind of documents just to buy upgrades in their game because I wanted to use a cc instead of Paypal. It was the middle man cc processor.

Also, when you buy over $5k worth of gift cards in a single month most gift card distributors require you to fill out KYC papers before allowing you to buy anymore.

Even coinbase cc purchases, I had to call in to approve on two seperate ccs.

The most annoying part was my card has been fraudulently used maybe ~3 times, and each time they let it go through over the last decade. So their fraud prevention never helped me. I love the debit cards where I can switch them on/off via my phone and I never have to worry about it being used fraudulently even if my info is stolen somehow.

Anonymous Wed Jul 18 17:35:28 2018 No.10323676

>>10323620
You're talking to the dumbest rung of a cult. Crypto has scared off the rational people, most of them bailed in January - it's all the hopeless degenerate gamblers, "true believers" and desperate NEET nolambos now. They won't listen, they don't want to listened, they have attached their entire world, self esteem and life to crypto, and the more it fails, the worse they get.

They're worse than Scientologists.

Anonymous Wed Jul 18 17:35:36 2018 No.10323680

>>10323458
>the pitching a theory sans evidence conspiretard,
why do i need evidence to suggest a guy in politics might be getting paid to say something. either that or hes dumb, because what he said was really stupid. so hes either dumb or getting paid, thats all i said. its totally reasonable.

meanwhile does the market give a fuck if a few boomer grumps trash talk bitcoin in a hearing. its just a hearing, every hearing has people for and against the thing being discussed. its not like theyre signing a regulation into effect at every hearing.

i think you just noticed a pattern. there are lots of them in crypto. any given pattern relied on too often will break you at some point at the height of your arrogance.

>>	Anonymous Wed Jul 18 17:35:56 2018 No.10323684 >>10323650 gold silver sugar are real things which have real world use apart from trading. Bitcoin is just moving 1's and 0's around on a database.

>>	Anonymous Wed Jul 18 17:36:52 2018 No.10323695 >>10323620 Crypto coins exists, boomer company stocks dont

Anonymous Wed Jul 18 17:37:36 2018 No.10323708

>>10323616
>Cherry picked example
>Wrong
Pick one.

In that case you don't pay fees, but it doesn't really change the fact that all digital payment processors either use fees or are incredibly slow.

In your case, you choose to go the incredibly slow route it seems as direct deposits take at least 2 days to clear.

>>	Anonymous Wed Jul 18 17:38:37 2018 No.10323721 >>10323676 but wouldnt it be great if those assholes made money instead of you

>>	Anonymous Wed Jul 18 17:38:57 2018 No.10323725 >>10323620 I don't see how people believe the opposite. Both exist.

>>	Anonymous Wed Jul 18 17:39:43 2018 No.10323733 >>10322409 > when you are buying USD are you financing a factory? No, you are gambling on its ability to hold value in the future

>>	Anonymous Wed Jul 18 17:40:29 2018 No.10323746 >>10323684 there are gold and silver backed cryptos. theres a banana backed crypto. you could have a sugar coin too probably. or you could back the crypto with its use as an asset, by the functions of the blockchain.

>>	Anonymous Wed Jul 18 17:41:41 2018 No.10323758 >>10323684 Which is a real thing that has real world use. It's literally something that actually exists and is used. It's just not tangible.

None !Q5taavazbM Wed Jul 18 17:43:28 2018 No.10323780

>>10323708

Most issues with credit cards have mostly evaporated in the last 5 years. The rise of ubiquitous payment portals such as Paypal, the willingness of banks to utilize sameday ACH, the prevalence of consumer fraud protection expedience (Did you authorize this purchase? Reply YES or NO) has really lowered the barrier to this issue for pretty much everyone.

For the record, rent clears almost immediately unless you have a shit-tier bank/credit union. They can't afford to hold up your shit given the lack of loyalty in bank customers. People can/do/have switched banks over something as simple as that.

Anonymous Wed Jul 18 17:47:00 2018 No.10323834
File: 81 KB, 655x643, 94C67C70-57E3-4E56-BC0D-40FF8012A593.jpg [View same] [iqdb] [saucenao] [google]

>>10322840
More like
> track consumer spending habits, healthcare data, and other info with ever greater accuracy and transparency to further limit human liberty and freedom, stamping a boot even harder on global citizens

Anonymous Wed Jul 18 17:49:15 2018 No.10323868

>>10323758
What I mean is bitcoin can serve its function equally well if it's value is $1 or 1 million dollars.
Like, someone spent literally $19,000 to buy some digits in a database in December and now it's worth $7500. But all they own are some digits in a database.
If I buy a kilo of sugar for $19,000 and then it dropped to $7,500, at least I can still use it in a cup of coffee and get a benefit from it lol.

Anonymous Wed Jul 18 17:50:17 2018 No.10323882

>>10323780
Credit cards and payment portals like paypal still add layer upon layer of transaction fees.

If you use paypal to securely pay with credit cards 6+% + a minimum fee of about 90 cents.

Not a huge deal, but adds up and on large transactions a blockchain is far more efficient. Less so for microtransactions of a couple of cents as the fee may be higher than the charge if you are buying coffee. That's a scaling issue that the community is working on.

>>	Anonymous Wed Jul 18 17:50:40 2018 No.10323891 File: 43 KB, 620x465, 79F9B0FE-064F-4828-8F48-12BE2536BEA2.jpg [View same] [iqdb] [saucenao] [google] >>10323179 brb, ‘mining’ some lint by wearing a sweater and grinding it against my hole

Anonymous Wed Jul 18 17:53:00 2018 No.10323916

>>10323834
Dapps are called dapps due to being decentralized.
They aren't owned or controlled by any specific entity, code can be audited by any user to see if they store or transfer unnecessary data, and on blockchains with change addresses most of those concerns are especially irrelevant.

Anonymous Wed Jul 18 17:53:12 2018 No.10323918

>>10323780
yeah but its not decentralized and trustless, which is a thing people didnt know they wanted until they realized it was possible now the old way just seems so quaint and kind of retarded. its old and will be replaced eventually. just as the reusable rockets will replace earlier disposable designs despite objections from some. and how cars replaced horses despite horses being better in most ways at first and more practical. the bow and arrow was more practical then the firearm. and crypto is new, so, we will see how far it goes, but theres the potential to go pretty far. everything has a ledger and why have all the ledgers centralized and requiring trust if technology allows for something better. and every industry or business uses ledgers.

>>	Anonymous Wed Jul 18 17:54:26 2018 No.10323933 >>10323834 this is the kind of fud that speaks to me i do have those concerns about crypto

>>	Anonymous Wed Jul 18 17:55:55 2018 No.10323952 >>10323746 But now you have to put trust into a centralised organisation that is holding the correct amount of bananas to back the crypto, otherwise it's fractional reserve bananas. So it's the same shit as the current system.

>>	Anonymous Wed Jul 18 17:58:12 2018 No.10323975 File: 20 KB, 710x394, Capture.png [View same] [iqdb] [saucenao] [google] >>10323239

Anonymous Wed Jul 18 18:00:08 2018 No.10324002

>>10323952
we just need some kind of banana oracle for proof of banana on the blockchain (joking, thats probably not possible). but yes, thats the problem with anything backed by assets, that the assets have to be held somewhere. but at least the units of value representing the bananas can gain advantage from not requiring a centralized institute of trust. nobodies going to be printing extra banana tokens or making counterfeits or stealing all the banana dollars on a single computer somewhere hacked, if you use crypto. you just have to worry that they actually grow and sell the bananas as planned and report that, which is where a supply management aspect of the blockchain could be put into use.

>>	Anonymous Wed Jul 18 18:14:56 2018 No.10324159 >>10323708 ACH is even slower than 2 days anon

>>	Anonymous Wed Jul 18 18:16:44 2018 No.10324181 And when you don't buy bitcoin, are you financing a factory then? I'd rather just keep my value in a currency that doesn't have built in depreciation.

>>	Anonymous Wed Jul 18 18:22:39 2018 No.10324244 >>10323006 >helping create a new and improved financial structure isn't contributing to society

Anonymous Wed Jul 18 18:23:43 2018 No.10324255

>>10324159
In Australia bank to bank transfers (any bank) are overnight. Sometimes in the same day depending on banks.
We also have a system called PayID which you can transfer amounts up to $1000 instantly between different banks.
The US banking system is behind the times. Americans have no idea how bad they have it lol.

>>	Anonymous Wed Jul 18 18:27:53 2018 No.10324300 Some boomers shittalk bitcoin and the whole market dumps. What a joke.

>>	Anonymous Wed Jul 18 18:30:38 2018 No.10324327 File: 340 KB, 2048x1364, zuckerberg.jpg [View same] [iqdb] [saucenao] [google] >>10322409 >wanting to finance a chink factory owned by jews

Anonymous Wed Jul 18 18:34:45 2018 No.10324364

>>10324255
acroos the entire world you can transfer money in minutes, any amount. its up to you, and you dont have to rely on or trust or pay any centralized institution. its called crytocurrency. and no bank can tell you what to do with it. i think its gonna catch on.

>>	Anonymous Wed Jul 18 18:44:34 2018 No.10324467 File: 360 KB, 500x322, 1517520510808.png [View same] [iqdb] [saucenao] [google] ITT: CryptoFags BTFO

>>	Anonymous Wed Jul 18 18:48:52 2018 No.10324514 >>10322689 Hello Rebbit

>>	Anonymous Wed Jul 18 19:00:20 2018 No.10324645 >>10322951 Yeah you don't really know what you are talking about.

>>	Anonymous Wed Jul 18 19:02:56 2018 No.10324677 File: 70 KB, 740x987, 740full-chelle-sherrill (1).jpg [View same] [iqdb] [saucenao] [google] >>10323975 >shilling out for only 40k USD I knew jews were slimy but this is pathetic.

Anonymous Wed Jul 18 19:23:08 2018 No.10324897

>>10324364
Kek. This. Jews are just salty because they are getting on board late, and even if they have huge amounts of Btc they may increase their wealth but they will lose control.
It's never about money it's about having the goyim under a tight leash. If they can't steal your wealth through inflation and don't know exactly how much you own because you don't have your shekels in a bank you stop being a good goy and start to become dangerous for them.

>>	Anonymous Wed Jul 18 19:25:30 2018 No.10324914 File: 132 KB, 1024x724, 1529438588202.jpg [View same] [iqdb] [saucenao] [google] >>10322482 held under a mattress no less really made me think

Anonymous Wed Jul 18 19:36:46 2018 No.10325025

>>10324364
But as of today, you have to convert cash to crypto to send it overseas. The person who receives the crypto it will have to convert it back to cash to buy stuff as 99.99% of places don't accept cyrpto for payments these days. This process usually involves banks unless you want to use a localbitcoin type service which has it's own problems.

>>	Anonymous Wed Jul 18 19:38:55 2018 No.10325041 File: 25 KB, 625x537, file.jpg [View same] [iqdb] [saucenao] [google] hurr

>>	Anonymous Wed Jul 18 19:41:42 2018 No.10325062 >>10322455 >>10322460 He actually blasted ICO's as an intellectual theft of the term IPO because they are selling vapor. Clever boomer.

>>	Anonymous Wed Jul 18 20:23:17 2018 No.10325458 >>10322646 this they're all fucking schemers, even the ones i know

Anonymous Wed Jul 18 20:28:42 2018 No.10325518

>>10322496
Charities are a scam only good for self-validation and virtue signalling. Maybe this is news to fucktards, but spend 5 minutes and see how much your favorite charity executives make. Organizations like the red cross bury overpaying their employees and general thievery in projects that show up as operation costs.

They just claim tax-exempt status and make chicago CAFRs look clean. Shit is just a funnel for money from dumb people to sociopaths and yeah <10% might feed some nigger in sudan but not until the warlords/freedom fighters/dictators take their cut.

Anonymous Wed Jul 18 20:38:58 2018 No.10325610

>>10323918
>yeah but its not decentralized and trustless, which is a thing people didnt know they wanted until they realized it was possible now

except normies dont want that. They want someone they can call when shit hits the fan and they fuck up a transaction. Also itll be really hard to insure crypto the same way USD is because once it's gone theres no way of getting it back. Once the transaction is on the blockchain it's there forever which is really good for large and cross border payments between companies etc. However that's fuckin awful for normies. A couple guys discussed this earlier in the thread but I think blockchain will be more in the background as time goes on rather than daily transactions. It still definitely has its place tho

>>	Anonymous Wed Jul 18 20:42:14 2018 No.10325634 When you are buying USD, are you financing a business? No, you are praying the FED doesn't do QE_107

Anonymous Wed Jul 18 20:42:25 2018 No.10325636

>US allows crypto to flourish
economy shrinks as people work less as they aren't getting fucked by inflation
lower producion capacity to fund military to control oil supply of middle east
middle eastern nations start selling oil in crypto -> collapse of usd as world reserve
russian economy grows as us cannot affect sanctions without petro dollar
stronger russian presence in eastern nato countries and syria
USA has to choose between allowing more energy supply to be controlled by foreign nations or some kind of WWIII situation

>us stiffles crypto with regulation
foreign countries adopt it to escape usd inflation and sanctions increasing gdp
less demand for usd, usd losing value, less support for us extortion of middle east oil supply
someone starts selling oil for crypto who the US can't invade -> collapse of usd
new world currency that the us has no investment in

>>	Anonymous Wed Jul 18 21:04:06 2018 No.10325855 >>10322409 This guys loves gold huh? When I buy gold what am I financing?

>>	Anonymous Wed Jul 18 21:04:53 2018 No.10325862 File: 13 KB, 206x213, le_happy_merchant__184048.jpg [View same] [iqdb] [saucenao] [google] ITS TIME FOR ANOTHER SHOAH

>>	Anonymous Wed Jul 18 21:06:32 2018 No.10325873 File: 2.62 MB, 1242x2208, 9DE2CDDA-E101-4192-9640-44011D1F8435.png [View same] [iqdb] [saucenao] [google] >>10322409 blocks Sherman’s path

>>	Anonymous Wed Jul 18 21:07:33 2018 No.10325880 >>10323204 Tether does nothing that the banks don't already do.

>>	Anonymous Wed Jul 18 21:08:17 2018 No.10325887 >>10322845 Except that NO ONE USES IT AS A CURRENCY. Be honest, you treat it like a stock. When was the last time you bought anything with bitcoin? And how is bitcoin any different from fiat if it's not backed by any real value?

>>	Anonymous Wed Jul 18 21:10:06 2018 No.10325910 Hang the snaggletooth

>>	Anonymous Wed Jul 18 21:10:49 2018 No.10325919 >>10322648 Again, that's why anyone holds anything. Nobody holds a stock because they hope it'll lose value. The fundamentals or the mechanism by which one expects them to increase in value may be different, but the purpose is exactly same.

>>	Anonymous Wed Jul 18 21:11:25 2018 No.10325927 >>10322643 Corporate bonds are debt, stock shares are not.

>>	Anonymous Wed Jul 18 21:12:44 2018 No.10325942 File: 203 KB, 494x490, hyde.png [View same] [iqdb] [saucenao] [google] MEANWHILE THERE ARE FINANCIAL INSTRUMENTS WHERE YOU CAN LITERALLY SPECULATE ON VOLATILITY AND WHETHER OR NOT IT RAINS ON A CERTAIN DAY

>>	Anonymous Wed Jul 18 21:14:20 2018 No.10325961 >>10325873 Lol are you kidding me?? What crypto will Steve bannon create? Wtf is going on. I'll buy for the memes.

Anonymous Wed Jul 18 21:17:18 2018 No.10325989

>>10322946
The only reason hostile takeovers exist is because stock shares are a share of the company. Once someone or a collective group owns 51% of a company, they can walk into the board room and call the shots. That's why a lot of nationalized utility companies have 52% of their shares owned by the government of their country.

>>	Anonymous Wed Jul 18 21:19:02 2018 No.10326008 >>10323201 This is what neets on 4chan actually believe

>>	Anonymous Wed Jul 18 21:20:33 2018 No.10326024 >>10322409 maybe if corrupt jewish fucks like him didn't sell this country out, people would build factories in the USA.

>>	Anonymous Wed Jul 18 21:25:03 2018 No.10326071 >>10323239 cringe and bluepilled af

>>	Anonymous Wed Jul 18 21:26:25 2018 No.10326091 File: 100 KB, 850x651, 460974.jpg [View same] [iqdb] [saucenao] [google] I concur..

Anonymous Wed Jul 18 21:28:07 2018 No.10326111

>>10322409
Buying bitcoin is financing even more powerfully the computer industry than VIDEO GAMES.

Of course these jewish retards are perfectly fine with stagnating, since their end-goal is the extinction of Humanity due to the Great Filter of subhumanisation.

>>	Anonymous Wed Jul 18 21:28:30 2018 No.10326117 File: 80 KB, 960x960, FB_IMG_1531963349414.jpg [View same] [iqdb] [saucenao] [google] I leave for 4 hours and this shits still going. Lol

>>	Anonymous Wed Jul 18 21:29:58 2018 No.10326132 is it any surprise he's (((one of them)))?

>>	Anonymous Wed Jul 18 21:30:09 2018 No.10326135 >>10324159 That's why I said at least. I've had it take like 5 days before. It's fucking terrible.

>>	Anonymous Wed Jul 18 23:20:01 2018 No.10327171 >>10322446 Bitcoin is not a stock. It's a currency. When you buy dollars, euros, whatever currency you do the same that guy is saying aka """gambling on its value"""

>>	Anonymous Wed Jul 18 23:22:52 2018 No.10327200 >>10322645 >shares do pay dividends usually on the other hand. It's also a gamble. If the company doesn't do good you won't see any dividens and the stock price will plummet in addition to that

>>	Anonymous Wed Jul 18 23:32:12 2018 No.10327285 >>10322864 >buy stock >price goes up >company taps the equity markets at a higher price/share to finance their operations Hmmmmmmmmmmm

Anonymous Wed Jul 18 23:33:19 2018 No.10327294

>>10325887
>Be honest, you treat it like a stock
Bitcoin is more similar to a precious metal than to stocks though. It's a fucking store of value and will remain so because it is deflationary. Doesn't mean that a deflationary asset can't be used as a currency though

Anonymous Wed Jul 18 23:52:08 2018 No.10327486

>>10322409
>>10322446
>>10322425

The problem is, you can use that exact same argument for literally anything of value

>When you buy gold, are you financing a factory? No - you are gambling on its value"

>When you buy fine art, are you financing a factory? No - you are gambling on its value"

>When you buy real estate, are you financing a factory? No - you are gambling on its value"

>>	Anonymous Thu Jul 19 00:26:33 2018 No.10327770 >>10322425 His argument applies to any forex trade. It's all held up by belief in value. When you invest in crypto you're making a bet that your currency of choice will, at some point, gain traction and therefore increase in value relative to fiat.

>>	Anonymous Thu Jul 19 00:30:04 2018 No.10327792 >>10327486 your examples have value outside the market, what does BTC offer? I could agree with some other actually functional cryptos

>>	Anonymous Thu Jul 19 00:32:04 2018 No.10327807 >>10322409 this guy's pretty smart. he seems like the only one who realizes crypto isn't just coming for the banks it's coming for governments

>>	Anonymous Thu Jul 19 00:32:26 2018 No.10327812 >>10322409 It's weird when you put it like that, considering we don't exist.

>>	Anonymous Thu Jul 19 00:36:48 2018 No.10327852 >>10322829 So you're literally gambling, even if you buy an IPO, since it's value is dependent on being able to sell it to someone for more later. Bitcoin has more use than stocks.

>>	Anonymous Thu Jul 19 00:39:34 2018 No.10327877 >>10327807 This. Time started running out for governments when the first block was mined

Anonymous Thu Jul 19 00:55:24 2018 No.10327991

>>10327852
The value is partly dependent on being able to sell later. It is also based on dividend payouts. And you're not gambling since the ability to sell is virtually guaranteed.

What the fuck are you even doing on /biz/ if you don't even understand how stocks work?

>>	Anonymous Thu Jul 19 01:07:16 2018 No.10328067 >>10325634 As oppose to tether printing?

Anonymous Thu Jul 19 01:11:42 2018 No.10328100

>>10322534
I think the point here is that fine art feeds artists, stocks create jobs, innovation & technology, current USD system is needed for all that to work. Whereas crypto just eats electricity & pays for drugs, CP, terrorism and benefits neets
In other words speculation on other assets brings great value to humanity this is just neets getting rich off of enabling drug cartels.
(Not saying I agree with him but he was the only one who had a clue in that room)

>>	Anonymous Thu Jul 19 01:14:08 2018 No.10328128 File: 3.52 MB, 4000x3000, IMG_20180703_173233104.jpg [View same] [iqdb] [saucenao] [google] >>10328067 Did someone say print ?

>>	Anonymous Thu Jul 19 01:16:06 2018 No.10328142 >>10328100 Michel could have

Anonymous Thu Jul 19 01:21:40 2018 No.10328193

>>10322409

This is just using the implied stability of the factory investment to create a contrast of fear with crypto.
Wouldn't it be better to compare the potential tangible creation for a community a factory can produce, versus a crypto investment being solely fiscal for the individual? At least a virtue signaler could use that argument.

But that isn't as sensational is it? It's easier to scare people by threatening their wallets rather than their morals.

Sensationalist news doesn't know how to deal with crypto lol. Their clickbait tendencies are conflicting with the interests of those bankrolling them.

>>	Anonymous Thu Jul 19 01:23:01 2018 No.10328209 >>10322970 >ignores the presented concept and contributes no contrary idea with substantiation he's comparing a service intent to a speculative intent, which isn't mutually inclusive as OP's image suggests.

>>	Anonymous Thu Jul 19 01:29:17 2018 No.10328262 >>10328100 i mean, buying crypto funds developers just as well as buying stock funds 'factories' (not really at all after a certain point in time) and crypto developers have a lot more potential to bring to humanity than 99.9999% of 'artists'

>>	Anonymous Thu Jul 19 01:31:03 2018 No.10328281 >>10328100 and he only mentioned stocks. if he wants to ban crypto he should also ban gold, silver, and pretty much every asset beside certain kind of stocks and CERTAIN KIND of real estate

>>	Anonymous Thu Jul 19 01:32:42 2018 No.10328291 >>10328281 actually letting people hoard silver/gold as an asset is directly detremintal to society, because it makes certain kind of tech more expensive

>>	Anonymous Thu Jul 19 01:36:24 2018 No.10328328 >>10322915 >dividends What are those? t. AMZN investor

Anonymous Thu Jul 19 01:36:26 2018 No.10328330
File: 111 KB, 1406x530, Screenshot_20180718-223332~2.png [View same] [iqdb] [saucenao] [google]

Ask yourself does a Jew win or lose at the end

The dip is near

Once burgers determine how to regulate or not pursue

Easy and common sense

This is not the end and this is why it's stagnant

$1k - $4k soon

>>	Anonymous Thu Jul 19 01:38:50 2018 No.10328344 The time will come So cheap everyone will lose faith @ $44 I'm buying Anyone who loses from this catastrophic dip doesn't matter The world will still function Then they will buy it all

>>	Anonymous Thu Jul 19 01:41:58 2018 No.10328370 File: 1.61 MB, 5216x2934, IMG_20170115_0659514.jpg [View same] [iqdb] [saucenao] [google]

>>	Anonymous Thu Jul 19 02:35:10 2018 No.10328715 >>10322409 Don't gamble on bitcoin, goy Gamble on our (((state lotto))) instead

>>	Anonymous Thu Jul 19 05:18:20 2018 No.10329935 >>10327991 >muh dividend payouts companies like netflix and tesla keep mooning even when they constantly lose money and pay no dividends

>>	Anonymous Thu Jul 19 05:19:58 2018 No.10329944 >>10329935 Yet they are expected to do so at some point in the future

>>	Anonymous Thu Jul 19 05:32:01 2018 No.10330028 >>10329944 Yet the asset is already priced as if it was the future and they already succeded Gambling

>>	Anonymous Thu Jul 19 05:32:31 2018 No.10330033 >>10323975 >mutts will defend this

>>	Anonymous Thu Jul 19 05:34:33 2018 No.10330048 >>10330028 Netflix can literally choose to start turning a profit at any point. Tesla to a lesser extend.

>>	Anonymous Thu Jul 19 05:34:54 2018 No.10330051 >>10330028 >Yet the asset is already priced as if it was the future and they already succeded Minus the risk of them not succeeding. If Tesla succeeds, its going to be valued at e.g. $500. That's how growth stocks work.

>>	Anonymous Thu Jul 19 05:36:28 2018 No.10330058 >>10330048 >Netflix can literally choose to start turning a profit at any point. Oh really?

Anonymous Thu Jul 19 05:38:08 2018 No.10330069

>>10330048
Tesla is basically out of the woods. They managed to ramp up Model 3 to 5k/week, which is enough to be profitable long-term. In my opinion, the stock is heavily undervalued currently (taking future growth in mind). Smart money is buying, dumb money is eating up big oil-sponsored media FUD.

Anonymous Thu Jul 19 05:40:52 2018 No.10330095

>>10330058
Yes. A company keeps investing all their profits in growth until they decide they're big enough and then they start turning profits. Netflix is making a conscious choice to keep growing at the expense of net profits but they can change this at any time.
>>10330069
Haven't been keeping up with the model 3 soap opera tbqh. They really got their shit together? If so it's probably a buy but I'm not doing the math atm.

>>	Anonymous Thu Jul 19 05:47:58 2018 No.10330157 >>10322970 The richer elon is the more he pumps into the mars mission

Anonymous Thu Jul 19 05:51:13 2018 No.10330182

>>10330095
Elon is confident they'll turn profit in Q3, so we'll see. According to this former bear, the Model 3 has potential for 30% gross margin. True if big.
https://www.bloomberg.com/news/articles/2018-07-16/tesla-model-3-critic-flips-view-sees-sedan-being-profitable

>>	Anonymous Thu Jul 19 05:55:04 2018 No.10330213 >>10322409 >better Isnt that literally every avenue of investing lol? Stocks Property Even fucking yugioh cards

>>	Anonymous Thu Jul 19 06:00:47 2018 No.10330245 >>10330182 >14 unprofitable quarters in a row >every missed deadline >nothing but unprofitable quarters since despite abusing gov subsidy funbux This guy is riding on nothing but hype, and is a brilliant con man.

>>	Anonymous Thu Jul 19 06:05:23 2018 No.10330275 >>10330245 >what is reinvesting Also, they were profitable Q3 and Q4 2013 and Q3 2016. Brainlet. But sure you know better than the market which values Tesla at $55B. >inb4 you say the stock is propped by hyped millennials

Anonymous Thu Jul 19 06:07:19 2018 No.10330290

>>10323481
Yeah, and when you trade USD to any other currencies you get taxed again before your send tax, online fees and any other transaction cost and end up a little bit above 75% of what youre sending.
theres a reason crypto made it big, have you tried purchasing something online with crypto? they halves the costs of traditional money moving methods, its still there but not as much.

>>	Anonymous Thu Jul 19 06:10:04 2018 No.10330318 >>10330182 That is excellent news. Elon has been acting like a retard lately but I'm still very sympathetic to his ideas. Neuralink in particular but Tesla as well.

Anonymous Thu Jul 19 06:11:10 2018 No.10330323

>>10330275
I already said it was propped up by hyped millenials and spent the time to read most of their 10Ks.

The electric car will be done better by everyone else that has been in the industry and experienced the learning curve already. Tesla just figured out how to put their doors on straight. Only took 10 years.

>>	Anonymous Thu Jul 19 06:14:38 2018 No.10330349 >>10322533 That jew has a credit card company being one of his main sponsors. He gets it, he's just smart and using his intelligence to stifle development in order to maintain the status quo.

Anonymous Thu Jul 19 06:17:50 2018 No.10330367

>>10330323
>propped up by hyped millenials
You think hyped millennials have the buying power to prop up a $55B stock that's supposedly going bankrupt? Wall Street would short it to the ground.
>The electric car will be done better by everyone else
I've been hearing this for years. It doesn't even matter, because they won't be able to offer a Model 3-competitor in comparable volume. Who'd manufacture their batteries? Surely you don't think Elon will sit with a thumb up his ass while they build their own gigafactories maybe by 2025.

>>	Anonymous Thu Jul 19 06:19:57 2018 No.10330378 >>10322409 He's right.

>>	Anonymous Thu Jul 19 06:24:05 2018 No.10330410 >>10330378 Hes wrong if the coin is used as a dapps platform. Dapps are no different from a good or service at that point.

>>	Anonymous Thu Jul 19 06:34:43 2018 No.10330476 >>10330367 Tell me about how well Musk is meeting his volume goals rn lmfao

>>	Anonymous Thu Jul 19 07:28:08 2018 No.10330824 >>10330476 But he literally does? 5k/week.

>>	Anonymous Thu Jul 19 07:31:28 2018 No.10330849 >>10322900 This right here... theyre digging their own graves with their libcuck globalony nonsense. It undermines literally everything.

Anonymous Thu Jul 19 08:05:06 2018 No.10331105
File: 541 KB, 1200x1128, 1529327974850.jpg [View same] [iqdb] [saucenao] [google]

>>10330028
>Yet the asset is already priced as if it was the future and they already succeded

>Gambling
that's LITERALLY how most assets are priced.
The future value is converted to a present value at a discount rate that reflects the risk of the investment

C'mon /biz/ this is elementary finance shit.

Dividends don't matter either for fucks sake, if the company keeps the dividend it is re-invested internally and the value of the stock rises correspondingly. It makes no different to an investor whether the company pays dividends, apart from tax reasons.

>>	Anonymous Thu Jul 19 08:12:11 2018 No.10331162 >>10322409 But the stock markets rigged by boomers

>>	Anonymous Thu Jul 19 08:28:01 2018 No.10331292 >>10331105 >someone on /biz/ who actually knows basic finance I'm surprised and impressed.

>>	Anonymous Thu Jul 19 08:38:49 2018 No.10331372 >>10331105 >C'mon /biz/ this is elementary finance shit. you're talking to people to people with an internet gambling addiction trying to convince themselves they're investors. I wouldn't expect them to understand elementary probability.

>>	Anonymous Thu Jul 19 10:43:57 2018 No.10332459 Is chainlink a good investment?

>>	Anonymous Thu Jul 19 10:54:19 2018 No.10332546 >>10322409 >what is forex

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/biz/ - Business & Finance