[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 72 KB, 250x241, 54634.png [View same] [iqdb] [saucenao] [google]
10461504 No.10461504 [Reply] [Original]

Honestly, why?

>> No.10461553

>>10461504
>Remove zero's and ask this question anytime years before.

Yes it will. A deflationary currency hedged against the hyper inflation of the USD. BTC doesn't even need to grow in value, just be stable at a certain point. Then, as the dollar continues to lose true value due to its continued hyper inflation, BTC will be with an exponential return in the same currency. Simple really. That's without any utility on the BTC side like it being an all in one transaction protocol, or upcoming lightning nodes.

>> No.10461614

>>10461553
This. It's like gold. A store of value.

>> No.10461656

>>10461504
because cucks keep buying it thinking it is actually is commodity

>> No.10462044
File: 86 KB, 285x242, image.jpg [View same] [iqdb] [saucenao] [google]
10462044

It is magic internet money that only goes up OP

>> No.10462072

>>10461614
Kek this is a sell signal. Everytime someone called this store of value in december one oldfag open a short.

>> No.10462109

>>10461504
It's Unironically what most normies know about when someone says something about crypto. It's name brand.

>> No.10462185

>>10461504
why should it reach 1k, or 3k ?
if you dont believe that btc is a good investment, then sell.

>> No.10462229

because I want it to

>> No.10462760

>>10462229
this, is the only correct answer. Just replace 'I' with 'whales'

>> No.10462782

>>10461614
Then why isnt gold 100k. You just defeated your own argument.

>> No.10462803

bitcoin represents the finance side of cryptocurrency. if cryptocurrency as a class is going to be valuable in a pure monetary sense, it has to be bitcoin, nothing else. if bitcoin fails to maintain its value the illusion is broken forever, or at least a generation or two.

>> No.10462821

>>10462229
>>10462760
I guess this isn't such a stupid answer.
> Because whales don't want me to be a BTC whale.

>> No.10462838

>>10462782
Gold isn't deflationary you stupid fuck.

>> No.10462856

>>10462838
BTC isnt either.