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/biz/ - Business & Finance

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FUCKING BASED Anonymous Thu, Jun 27, 2019 18:10:24 No.14410966 [Reply] [Original]

You have to admit he has a point.

>>	Anonymous Thu, Jun 27, 2019 18:11:29 No.14410998 >>14410966 Yes, but it also never rises by more than 25% over the course of a few days. Stay poor Peter Stiff.

>>	Anonymous Thu, Jun 27, 2019 18:12:12 No.14411009 >>14410966 Gold has literally zero uses, lmao. This faggot is upset his shitty mineral is being upstaged by Bitcoin.

>>	Anonymous Thu, Jun 27, 2019 18:12:58 No.14411018 >>14410966 Buttconers on suicide watch

>>	Anonymous Thu, Jun 27, 2019 18:13:18 No.14411022 yea gold never has 40% off flash days

>>	Anonymous Thu, Jun 27, 2019 18:13:38 No.14411027 File: 42 KB, 680x684, 354 (1).jpg [View same] [iqdb] [saucenao] [google] >>14410966 lol Pete's a fucking brainlet on BTC but still love that boomer desu

>>	Anonymous Thu, Jun 27, 2019 18:13:50 No.14411031 He sounds emotional

>>	Anonymous Thu, Jun 27, 2019 18:14:11 No.14411038 How do I short boomers' lifespan?

>>	Anonymous Thu, Jun 27, 2019 18:14:28 No.14411041 File: 42 KB, 334x506, 1561076427194.jpg [View same] [iqdb] [saucenao] [google] Fuck the Austrian school Fuck kikes Fuck niggers

Anonymous Thu, Jun 27, 2019 18:14:33 No.14411043

He always talks about some intrinsic value, if gold actually fell down to its intrinsic value of jewelry/electronics it wouldn't be worth 10% of the current price, might as well be worth nothing. BTC has a clear value proposition, immutable store of value and transactions.

>>	Anonymous Thu, Jun 27, 2019 18:15:03 No.14411051 >>14411009 To be fair it's used in some electronics

>>	Anonymous Thu, Jun 27, 2019 18:15:08 No.14411053 >taking control of our money back >not a use case

>>	Anonymous Thu, Jun 27, 2019 18:15:47 No.14411067 >>14411009 Gold has plenty of uses wtf.

>>	Anonymous Thu, Jun 27, 2019 18:16:27 No.14411083 >>14411031 Actually he tends to keep his cool in various situations where interviewers/audiences stack against him. And very few finance peeps out there have been more of an underdog over the years. It toughens you up. I'm still playing all fields.

>>	Anonymous Thu, Jun 27, 2019 18:16:53 No.14411092 >>14411009 what about every chip inside every smartphone and computer? dental fillings ( burgers fuel this due to their sweet tooth) jewelry???? dear lord

>>	Anonymous Thu, Jun 27, 2019 18:17:09 No.14411095 File: 329 KB, 1424x1005, proxy.duckduckgo.com.jpg [View same] [iqdb] [saucenao] [google] >>14411043 People do eat gold in expensive dishes. Perhaps there's some nutritional value

Anonymous Thu, Jun 27, 2019 18:17:18 No.14411099

>>14411009
Gold has some uses in semiconductor production and for spaceships. But, it also has high value because it's intrinsically supply-capped.

Just like Bitcoin - blockchain can be used as a data structure in software applications as a decentralized immutable ledger. But it's intrinsic value is in the fact that it's supply capped.

Anonymous Thu, Jun 27, 2019 18:17:43 No.14411111

>>14411051
True. However, the reason it’s valued is not due to its electrical conductivity, rather it’s due to its scarcity, which is a property bitcoin also has. Therefore the property that makes gold valuable is the reason bitcoin is also valuable.

Anonymous Thu, Jun 27, 2019 18:21:51 No.14411188

>>14410966
>>14411099
One thing I don’t understand about the valuation of gold is that it has the highest stock to flow ratio of any commodity so it’s obviously not scarce or running out anytime soon. Yet that doesn’t seem to be preventing a gold boom in the last 20yrs

>>	Anonymous Thu, Jun 27, 2019 18:22:26 No.14411196 >listeing to this boomer in 2019 kek buy Oil if you wanna trade commodities

>>	Anonymous Thu, Jun 27, 2019 18:23:43 No.14411223 >>14410966 >Horse carriage salesman calls cars useless and impractical

>>	Anonymous Thu, Jun 27, 2019 18:23:48 No.14411226 just curious. can u pay taxes with gold? never been bitten by the gold bug.

Anonymous Thu, Jun 27, 2019 18:23:56 No.14411229

Fact: The rare Earth minerals market is completely controlled by kikes.

Cryptos are the one market where retail investors got in before the kikes, and that's what scares them.

Fuck Jews, fuck their controlled markets, and fuck any Boomer who expects me to buy their Boomer stocks. Fuck all of them!

>>	Anonymous Thu, Jun 27, 2019 18:24:05 No.14411233 >>14411038 fucking kek holy shit

>>	42 Thu, Jun 27, 2019 18:24:26 No.14411238 File: 34 KB, 540x378, 1561318447301.jpg [View same] [iqdb] [saucenao] [google] >>14411111

>>	Anonymous Thu, Jun 27, 2019 18:24:48 No.14411244 >>14411041 based

>>	Anonymous Thu, Jun 27, 2019 18:24:53 No.14411245 >>14410966 Gold isn't deflationary

>>	Anonymous Thu, Jun 27, 2019 18:25:02 No.14411248 >>14411111 Checked

>>	Anonymous Thu, Jun 27, 2019 18:26:53 No.14411284 >>14411038 You can buy a life insurance policy on anybody you think will die soon. 10/10 would recommend loading up on some boomer policies with your crypto gains

>>	Anonymous Thu, Jun 27, 2019 18:27:36 No.14411295 >>14411092 jewellery is useless. chips use gold but next to none, like 2% of computers are gold. dental fillings are for rich people.

>>	Anonymous Thu, Jun 27, 2019 18:29:51 No.14411329 >>14411245 Exactly.

>>	Anonymous Thu, Jun 27, 2019 18:30:14 No.14411333 >>14410966 How come I have to verify something is gold whereas I dont have to verify a counterfeit bitcoin

>>	Anonymous Thu, Jun 27, 2019 18:30:32 No.14411342 >>14411229 fact: you're a fucking retard for thinking the gold market is "controlled" in any way. Its a global financial tool used by literally every government.

>>	Anonymous Thu, Jun 27, 2019 18:31:17 No.14411355 >>14411188 russia, china and india are/have been buying fuck tons of it

>>	Anonymous Thu, Jun 27, 2019 18:31:44 No.14411361 >>14411111 witnessed

>>	Anonymous Thu, Jun 27, 2019 18:33:10 No.14411382 >>14411038 Short their pension plans

>>	Anonymous Thu, Jun 27, 2019 18:33:39 No.14411390 never take someone serious when they use the word 'utter'

>>	Anonymous Thu, Jun 27, 2019 18:33:42 No.14411393 >>14410966 >arguing against thin air i don't think i've ever seen someone seriously say this.

>>	Anonymous Thu, Jun 27, 2019 18:35:00 No.14411417 >>14411111 Is it really that scarce? It has the highest stock to flow ratio of any commodity there is.

>>	Anonymous Thu, Jun 27, 2019 18:36:14 No.14411433 File: 119 KB, 749x751, silverchads.jpg [View same] [iqdb] [saucenao] [google] cucks will never understand soon they will find out how wrong they truly were

>>	Anonymous Thu, Jun 27, 2019 18:36:53 No.14411441 >>14411111 What if I fork your repo and create my own bitcoin?

>>	Anonymous Thu, Jun 27, 2019 18:37:37 No.14411455 >>14411433 Yeah silver will likely rally soon

Anonymous Thu, Jun 27, 2019 18:39:05 No.14411478
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>>14411295
Jewelry is only valuable because gold is valued. It's a status symbol. You cna get the same aesthetic appearance from other materials. So one cannot even use jewelry as a use value for gold, it's circular reasoning.

>>	Anonymous Thu, Jun 27, 2019 18:39:35 No.14411487 he does

>>	Anonymous Thu, Jun 27, 2019 18:39:48 No.14411491 >>14411441 No one will use it because it isn't THE Bitcoin. It's been tried many times.

>>	Anonymous Thu, Jun 27, 2019 18:40:16 No.14411503 >>14410966 Gay old cunt. He and CSW would be good lovers.

Anonymous Thu, Jun 27, 2019 18:40:35 No.14411513

>>14410966
CryptoCucks will realize the error of their ways eventually
>Electric fiat currency
Inherently worthless, and in time the price will reflect that
A good way to make quick money if you aren’t a retard who thinks BitCoin is going to 100k
If people here had actually invested $16,000 into BitCoin when it hit $3,200 and sold them all when they hit $12,200 they could made 45k but they got greedy again
Precious Metals and Cryptocurrencies are different types of investments but ultimately long term gold IS superior to BitCoin, and Silver will be superior to gold

Anonymous Thu, Jun 27, 2019 18:41:25 No.14411530

>>14411478
and other precious metals and gems also of course.

So the value comes from scarcity + aesthetics. Aesthetics can be replicated by cheaper materials and tastes in fashion are flippant. It's really just scarcity and status. Which Bitcoin replicates because it carries its own status for the techie/finance crowd.

>>	Anonymous Thu, Jun 27, 2019 18:43:25 No.14411580 >YOUR TYPE OF VALUE IS WRONG GOY! >THESE ROCKS ARE THE REAL THING! >LOOK HOW SHINY THEY ARE! DONT YOU WANT TO GIVE ME YOUR MONEY FOR SHINY ROCKS YOU CAN WEAR?!

>>	Anonymous Thu, Jun 27, 2019 18:50:25 No.14411718 File: 48 KB, 800x729, 15289723548.png [View same] [iqdb] [saucenao] [google] >>14411580 >SATOSHIS!!!

>>	Anonymous Thu, Jun 27, 2019 18:51:08 No.14411729 >>14411342 fact: https://www.justice.gov/opa/pr/merrill-lynch-commodities-inc-enters-corporate-resolution-and-agrees-pay-25-million

>>	Anonymous Thu, Jun 27, 2019 18:53:41 No.14411776 >>14410966 Try sending gold over the internet.

>>	Anonymous Thu, Jun 27, 2019 18:55:52 No.14411819 >>14410966 >there is not a single use case where bitcoin can be used as a substitute for gold For BTC this is unironically true.

>>	Anonymous Thu, Jun 27, 2019 18:57:19 No.14411848 >>14410966 >bitcoin rises over 350% in a few months hmm.. is he stacking bitcoin?

>>	Anonymous Thu, Jun 27, 2019 18:58:48 No.14411876 >>14411099 >intrinsically supply-capped It's literally not.

>>	Anonymous Thu, Jun 27, 2019 19:00:04 No.14411910 >>14411776 Try using a computer to steal Precious Metals, or hold a hold a physical crypto in your hand, see how that works for you Electronic fiat is just as untrustworthy as paper money, more so actually

Anonymous Thu, Jun 27, 2019 19:07:36 No.14412077

>>14411441
If you change consensus rules, then you have a separate network. It has no relation to the other network and ultimately has zero value. Your network will be worthless, unless you can convince people to mine for your network. There is only a finite number of miners in existence, therefore they can either mine for the original network, or your network. In theory, your fork should be valued at the % of hashing power stolen from the original network * price at the time of the fork. The token supply of the original network does not increase. In fact it can never increase. The protocol is set in stone. However, the security of the network may decrease, because of a redistribution of hashing-power. The value in bitcoin is not only linked to the currency supply, but also the network security.

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