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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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21500966 No.21500966 [Reply] [Original]

How are people supposed to get into bitcoin when it costs so much to buy one, especially those in marginalized communities. Why would anyone use a bitcoin to buy a loaf of bread? None of this bitcoin stuff makes sense to me and it sounds like an elaborate ponzi.

>> No.21501047

>>21500966
Everything is a ponzi retard

>> No.21501101

sad but true, most of my normie friends ask me how the hell theyre supposed to buy one bitcoin now that it's so high (they literally dont understand you can have half a bitcoin or 0.001 btc).

>> No.21501137

I've been here for about 2 hours. I'm convinced this board is about 10 different guys who are furiously circle jerking.
Lots of tard lingo, new threads with no context, and absolutely no discussion.

>> No.21501157

>>21500966
you trade 1s and 0s for bread everyday through a piece of plastic
money has no inherent worth. it's only given value when humans work together on a project and will do anything for it to succeed (for survival or otherwise)

>> No.21501177

>>21501137
just go back, you're not wanted here

>> No.21501500

>>21501157
Isn't moneys inherent worth really if it has real world use? If thats the case then bitcoin doesn't have real world value.

>> No.21501609

>>21501101
Same. Weird. I intuitively knew you could buy a portion even as a complete noob in 2017. Guess I'm just super high iq

>> No.21501617

>>21500966
Money = trust that you can get X goods from Y payment method.

People are all over the world losing trust in paper money (dollars, lira etc). And looking for assets that aren't bound to inflation (due to printing).

Bitcoin is a hedge , a volatile one but still.

>> No.21501659

>>21501500
btc has a LOT of uses. you just don't hear about them nor should you. it's none of your concern or mine what they do with it

>> No.21502163

>>21501609
They're used to corporate tokens, like the gems on twitch (or whatever they're called) for example, those don't do decimals, but they're 100 for $1.
That's the closest association they have.

>> No.21502284

>>21501609
A bitcoin is a bitcoin. No normal person has 11k laying around to buy one and once they have one what do they do with it?

>> No.21502323

>>21501659
Its only use seems to be as a ponzi scam from an outsiders view.

>> No.21502350

I want newfags to stop making shit threads

>> No.21502356

>>21501137
Well it's the weekend, so yeah

>> No.21502432

>>21502350

>> No.21502534
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21502534

>>21501137
You're fucking retarded
we're literally trying to steal from eachother, that's what trading is all about, of course our way of communicating is incomprehensible
an empty thread with 0 replies and the picture of a dog slurping water to you means fuck all
but to me it means the whole world
there is no board that "lurk moar" applies to more than to biz
we're communicating on a wavelength you're not even aware of

>> No.21502653
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21502653

>>21500966
>marginalized communities

>> No.21502795

>>21501137
And yet Reddit with all their posturing missed out on Link and went with fucking ripple

>> No.21502859

>>21500966
>costs so much
By December 2021 it'll cost you over $100,000 to buy even one. Make your call

>> No.21502942

>>21502534
there’s so many layers of irony to sift through but once you do that, it all makes sense

>> No.21502990

>>21501137
back to plebbit faggot

>> No.21503040

>>21502534
>>21502942
yes the spergs and /biz/raelies of this board know this truth

>> No.21503128

>>21501101
>normie friends ask me

Tell Normies about LINK.
Normie asks "if LINK is a Bitcoin".

>> No.21503170

Why do people hate reddit so much? It seems like a pretty smart place.

>> No.21503190

>>21502942
It's more to do with context, on other boards you might get away with being unfamiliar with the culture, here, advice and sentiment masquerade as memes
and when you realize you're talking to someone who lacks context it's just infuriating
We're not here to have fun, we're here to make money, if not directly then indirectly
talking/teaching newfags is a waste of time
what the fuck am I doing

>> No.21503214

>>21500966
People who can't afford BTC are not the demographics BTC is catering to

>> No.21503271

lurk moar retarded nigger faggot jew

>> No.21503433

Amazing how people are so swayed by decimals. Perhaps they'd feel more incline to buy BTC if you told them you could get 100 million Satoshis for only 12 grand

>> No.21503552

>>21500966
You should vote liberal and make everyone equal.

Fuck you up. People like you should die.

>> No.21503579

>>21500966
And that's why you buy $FLOW. Why are you still here? https://www.coingecko.com/en/coins/flow-protocol

>> No.21503754

>>21503170
Nigger please!

>> No.21503817

>>21500966
in 2019 i told someone you can buy fractions of a bitcoin and they were surprised. 2019.

>> No.21504176

>>21501137
Welcome to /biz/ newfren

>> No.21504240

>>21502534
Also OP, does this pic related look "marginalized"?