SCHIFF ABSOLUTELY SEETHING

[Anonymous No.24085926]

At what point will he capitulate?

[Anonymous No.24085976]

>>24085926
He’ll go down with the ship. And we’ll be right here laughing at him.

[Anonymous No.24086040]

On paper Schiff is 110% TECHNICALLY right, which is the best kind of right of course. Gold is mooning right now not bitcoin (which is really price at zero INTRINSIC value, the same with government fiat)

[Anonymous No.24086062]

Peter got absolutely financially clowned, punked, shiffed and dabbed on

[Anonymous No.24086161]

>>24086040
You’re a retard. Gold has no intrinsic value either if you are saying Bitcoin doesn’t

[Anonymous No.24086199]

He is right though. These faggots know nothing about bitcoin and are only now talking about it because its been pumping for the last two months. They'll exit the market just as quickly as they entered it once bitcoin shows signs of regressing. Maybe this time it'll be different?

[Anonymous No.24086223]

He doesn’t seem the type that admits mistakes.

[Anonymous No.24086231]

>>24086161
Btc intrinsic value is hash power, aka an ability to reliably store a permanent record, rivaled only by eth.

Any other record you leave in this world can be tampered with. Think about that.

[Anonymous No.24086234]

>>24085926
They both arent wrong.

We will be going to a gold backed crypto currency. BTC will also be dying.

[Anonymous No.24086236]

>>24085926
hahahahaahhahah shif haahhahahaha

[Anonymous No.24086252]

>>24086161
I'm making fun of him dude, his intrinsic value meme is funny to shit on.

>bitcoin hits 100k
>Schiff: yeah but it still doesn't have any intrinsic value, I'll be proven right in the long run

[Anonymous No.24086301]

>>24085926
He'll capitulate at 100k, he's a stubborn faggot

[Anonymous No.24086305]

>>24086040
gold is safer ofc but other than FIAT you can also buy gold, real estate and many other things and services with bitcoin right now, same as gold, how does that make it worthless? schiff himself offer gold for bitcoin ffs

[Anonymous No.24086308]

>>24085926
Schiff is just a paid shill/fudder
He does not believe a single word he is saying about gold or Bitcoin

[Anonymous No.24086334]

>>24085926
>seething so hard he forgets how to spell
every time, he's like this bears that go
>$18,675 REJECTED

[Anonymous No.24086385]

>>24086040
speak english retard lol

[Anonymous No.24086457]

>>24085926

[Бeкзaт Aмaнгeлдин No.24086473]

I can say, the prospective project is seen by the pre-sale results. I invested in Dymmax (dymmax.com) because the team has accumulated 1 million dollars for the private sale period!

[Anonymous No.24086474]

[Anonymous No.24086521]

>>24086062

Golds up quite a bit

I dont think he is right or wrong or missed out on anything

[Anonymous No.24086610]

Schiff is a smart guy
cannot really understand why he is shitting on BTC since we all agree on the same points he is making
he should be a maxi, we think the same things

[Anonymous No.24086689]

>>24085926
Why do you fags give him so much attention?
He is the owner of gold custodial service which is making him filthy rich. He is just bullish on gold because it makes him money, nothing more.
He is a smart guy in fact. Keeping the normies poor and concentrating wealth, isn’t this what the great reset all about?

[Anonymous No.24086722]

>>24085926
S E E T H I N G
E
E
T
H
I
N
G

[Anonymous No.24086770]

>>24086610
Many goldfags seem personally attacked by bitcoin and have a bomer postapocalyptic scenario in which they think electricity won't exist anylonger and they will be with their gold bags and an ak 47 protecting them.
They get really hostile against bitcoin for some reason , very weird because we agree on 95% of things.

[Anonymous No.24086819]

>>24086521
>break even after 8 years
>gold up a lot

Ok boomer

[Anonymous No.24086830]

>>24086689
He is relevant as a bitcoin fudder... It's not like giving him attention harms bitcoin, when on the contrary it helps to see a critic btfo so badly especially when that critic represents boomer mindset so well that doesn't understand and thus doesn't trust that new fangled bitcorn.... The daily precious metal /pmg/ thread here on biz is basically Schiff general, so we encounter plenty of those people.

[Anonymous No.24086872]

Schiff made me money but the guy lives off basic economics. This is clown world and he hasn't embraced the Honk

[Anonymous No.24086891]

>>24086040
ok gramps

[Anonymous No.24086900]

>>24085926
Boomers are dying. They’re that tree in the sun with no leaves, but they think because they’ve been there so long they know everything. In reality, the world is changing seasons and the tree is dead.

[Anonymous No.24086911]

>>24086770
Gold would be pretty worthless in that scenario. If that’s what you think will happen then you should just invest in guns, ammo, canned food and electric generators kek.

[Anonymous No.24086916]

>>24086689
he could be advising custodian BTC for the old gold bugs that are tech illiterate and make even more money
he decided to shit on BTC instead
why?

[Anonymous No.24086938]

>still can’t use Bitcoin to buy McDonald’s

[Anonymous No.24086954]

>>24086938
they do accept gold though kek

[Anonymous No.24086970]

>>24085926
>He also has no understand

I think he is broken. Pic related.

[Anonymous No.24086981]

>>24085926
he actually has, through his son who’s been shilling bitcoin for months now and talking about his purchases

[Anonymous No.24087007]

>>24086040
holy mother of cope

[Anonymous No.24087031]

>>24085926
his net worth is over $100 million, could go to $400million + after gold hits $3000+ and mining stocks soar. Might underperform bitcoin, but he still makes more each year than anyone on biz will make in 30 years

[Anonymous No.24087039]

>>24086830
He has a vested interest in being bullish on gold publicly. It’s almost impossible that he will change his public stance.
I’d be surprised if he doesn’t personally own a sizeable Bitcoin.

[Anonymous No.24087063]

>>24086911
Make no mistake. They have those too. Go read their fiction on survivalistforums. They dream of nukes, eotwawki and then scooping up christian pussy and rebuilding the land without 'tramps'. pretty based now I think about it.

[Anonymous No.24087086]

>>24086938
>he doesn’t have a crypto card

[Anonymous No.24087115]

>>24087039
Okay that doesn't change anything about why it's fun to shit on his reputation as a public figure if he's indeed just blatantly lying to all his followers just to be a mega kike.

[Anonymous No.24087123]

>>24086819

You honestly think europac capital just buys and holds?

Ok newpoorfag

[Anonymous No.24087227]

>>24087115
It makes him based if anything.
Blatantly lying to millions of people online and convincing the normies to invest into gold through his custodial service where he gets a cut no matter the price action.

[Anonymous No.24087360]

>>24087227
You know what would be really based? If you just shilled on his behalf and went around sucking his dick for free, just because he's in the business of duping normies. Afterall he can own the normies much better than you. So if you suck his dick publicly all the time for free he will be like acting as your representative in serving your interest of jewing over normies.. What could be more BASED than that. Yeah so just continue sucking his dick for free, very based.

[Anonymous No.24087394]

>>24086938
can you buy Mc'D's with a Tesla share?
Asking for a friend.

[Anonymous No.24087618]

is there a STOCK you can invest in to profit off of BTC without the hassle of exchanges and so on?

[Anonymous No.24087668]

Recently came across duckdao.io, Crypto incubator with an investment model system.
Also, there is a crypto card game with a fast rising community. What do you think about it? Is it good to invest?

[Anonymous No.24087701]

>>24086040
>gold is mooning right now
zoom out
>>24085926
Fuck this gold meiser jew. The only people I feel bad for are his brainwashed boomer disciples but honestly they already had their moment in the sun with cheap real estate so I actually don't feel bad for them at all either.
Press D to dab on gold bug boomers getting left behind

[Anonymous No.24087795]

>>24085926

[Anonymous No.24087871]

>>24086911
people who believe this are the dumbest cunts on the board
This was not the case in Weimar Germany or 90s Yugoslavia. Gold had incredible value in both those places. Guns/ammo/food were secondary. Humanity will always need a medium of exchange/store of value.

[Anonymous No.24087878]

>>24086770
Suppose the hate comes from the fact they think people would be throwing their money in PM's if bitcoin didn't exist.

[Anonymous No.24087912]

>>24086457

You need to update that picture. You should start adding various kinds of pink wojacks the further up we go.

[Anonymous No.24088152]

>>24086231
This. If anything if you believe the intrinsic value meme, then Bitcoin is the only one that has true and actual intrinsic value. It's universal and absolute. Bitcoin is a mathematical fact. Like Pi or the Planck Constant.

[Anonymous No.24088245]

>>24086474
kek

[Anonymous No.24088263]

>>24087618
Microstrategy. The current price rises are also no priced in yet, so really it's even better than buying Bitcoin.

[Anonymous No.24088389]

>>24086770
it isnt hostility, it is frustration because BTC fan bois refuse to acknowledge the reality of the situation.

They mis represent BTC as something with intrinsic value, that cannot be duplicated, even declare it to be like gold.
This is contrary to simple evidence like the fact that there are already BTC 2.0, 3.0 and so on clones that are often BETTER then BTC itself. But because it is popular and has the recognized branding, BTCs real flaws and weaknesses are handwaved as a new paradigm.

BTC is an EXCEPTIONAL speculative instrument (one that I use/own), one that people will make butt loads of cash on, especially in the next year or two. But have an exit strategy and get the fuck out whiles its still liquid... too many people think its a hedge, or that its magically going to be a world wide digital currency.

[Anonymous No.24088553]

>>24088389
Everyone is waiting for the FOMO. It’s not going to be like 2016. The big boys have come to play. They don’t FOMO. They dominate. The positions they take will be colonial. They have long time horizons and they are not buying bitcoin with paychecks. This bullrun will cause suicides. When dumbass traders realize what they had in their hands that they sold for a measly 2-3x. Working class wholecoins will start to be few and far between. Because buying a whole coin will require you to sell your house. This next 4 years is not just “the next cycle” it’s the next phase. Where governments will have to respond. Where criminals are going to step up their game. Where publicly declaring that you have a whole bitcoin could be dangerous to you and you’re family. This bull run is not going to be a retail FOMO extravaganza. This bull run is the beginning of the fall of fiat. This bull run will cement Satoshi’s white paper as one of the most important documents in human history.

There will be no 80% correction. There will be no fall from $300,000 to 50k.
Grayscale is not a weak hand. Microstrategy is not a weak hand. Fidelity is not a weak hand. The institutions that are buying bitcoin couldn’t give a shit about “when Lambo”. They get lambos for free. They control governments. People expect that hyperbitcoinization will occur with government adoption. companies that are and will buy in the next year, are the ones that have the governments in their pockets. There will be no 80% correction.

[Anonymous No.24088674]

>>24086040
>INTRINSIC value
Hey Boomer, intrinsic value is a meme that's actually more in line with Marxist thought than with libertarian thought.

[Anonymous No.24088761]

>>24088389
>too many people think it's magically going to be a world wide digital currency.
this but unironically

[Anonymous No.24088773]

>>24088553
>Walk into a store, 2030
>Hello I would like to purchase these groceries please
>OK that will be $150
>ok here is a fraction of a satoshi
>Sir we only accept fed coin here, and I have to report you to the authorities since BTC is only used to buy drugs and pizza porn
>bb but its basically gold... I have a full bitcoin worth over a million dollars before everyone moved on to other digital currencies! DONT YOU KNOW THAT THE BLOCKCHAIN IS 100% secure?

[Anonymous No.24088794]

>>24088553
Nice fantasy schizo

[Anonymous No.24088816]

>>24086474
Peak boomer humor.

[Anonymous No.24088834]

>>24088761
You really think that countries like the USA will use BTC, with all it's inherant control being situated in hostile foreign countries, over its of CBDC?

All I hear is
NEW PARADIGM!!!!!!!!

[Anonymous No.24088848]

>>24086223
he would be extremely popular on this board for this reason if he just wouldn't go against crypto

[Anonymous No.24088911]

>>24088553
reddit already debunked this

[Anonymous No.24088930]

>>24088834
By the time America gets a Fed coin going a single Bitcoin will already cost multiple hundred thousand compared to the US Dollar. Venezuela also ignored Bitcoin until the use of it was so widespread they had to create the government issued, petrol backed crypto currency to force people to use. Take a fat guess how that went.

[Anonymous No.24089129]

>>24086457
gold-bros...

[Anonymous No.24089174]

>>24088553
>This bullrun will cause suicides

[Anonymous No.24089463]

>>24088553
>There will be no 80% correction.

Also bitcoin inflation is below fiat
before until next halving from the top you had 3.80% x 3 of inflation vs max 2% yearly on usd

Game is different now and there is more risk cashing out than staying in.
Plus this

https://fred.stlouisfed.org/series/M2V

Means that the end of the bubble will happen when velocity of money / inflation returns , extending the bullrun till 2023 just until next halving.

[Anonymous No.24089478]

>>24086474
king boomer

[Anonymous No.24089790]

>>24085976
this

[Anonymous No.24089850]

>>24086457
Updated

[Anonymous No.24089906]

Roblox, Airbnb, and now WIsh,

which of these IPOs to go all in on?

I'm leaning towards Airbnb

[Anonymous No.24089943]

>>24089906
Cloud Kitchen

[Anonymous No.24090071]

>>24089850
heh

[Anonymous No.24090208]

>>24087701
Bitcoin is now the same price it was 3 years ago. Is it not mooning either?

[Anonymous No.24090491]

>>24086062
i actually like peter and think he's done good things for people in general. however this is painful to see....he's been mentally shattered!

[Anonymous No.24090497]

>>24089850
CANT STIFF THE SCHIFF! YOU FOOLS! YOU WILL SEE!!!! YOU WILL SEE!!!!!

[Anonymous No.24090636]

>>24086689
His service accepts Bitcoin. So he clearly doesnt believe his own fud.

[Anonymous No.24090717]

>>24086040
gold isn’t mooning, it’s fading out
large institutional investors are dumping gold and buying btc, which is digital gold

before soon they will start dumping oil and start buying digital oil

[Anonymous No.24090762]

ok, it's clear cyrpto is the future
where do i start with this satanic money
i pray jesus will forgive me

[Anonymous No.24090952]

>>24086252
Exactly this.

[Anonymous No.24090967]

>>24090717
>Digital oil

wholy shit what's digital oil I need to but this shit asap,

[Anonymous No.24091006]

He is right

whenever anything goes up or down there is always someone around willing to comment on it. If BTC starts dumping they will find another analyst who explains that BTC is a scam and will go to zero.
Gold is garbage but Schiff is correct in this case.

[Anonymous No.24091043]

>>24088674
damn all these (you)s, just read a little bit further down: >>24086252

[Anonymous No.24091072]

>>24090967
do your own research anon, I will plant this seed
just know that by the time it hits the news it might already be over

[Anonymous No.24091098]

>>24085926
Probably never. He has been wrong about almost everything for the past 11 years and still acts like he 100% knows what's going to happen and can't possible be wrong.
He could have 10x'd his net worth if had put just a small % into BTC when he first starting fudding it kek.

[Anonymous No.24091201]

>>24090208
Bitcoin is beginning its programmed bull run close to its previous ATH. Very different situation from gold

[Anonymous No.24091325]

The bullrun now officially begins boys

[Anonymous No.24091349]

Disbelief confirmed

[Anonymous No.24091514]

>>24088930
>government issued, petrol backed crypto currency
but did not use btc

[Anonymous No.24091532]

>>24086199
criminally underchecked
This is going to be fun when Boomers get reked that trusted sales boomers that sold them a worthless proof of concept token for a million dollar a piece

[Anonymous No.24091548]

>>24089463
>Means that the end of the bubble will happen when velocity of money / inflation returns
brainlet here
when velocity of money / inflation returns... what?

[Anonymous No.24091574]

Don’t people like this just live paycheck to paycheck shuffling “advice” to people?

[Anonymous No.24091588]

>>24091574
Peter is worth almost 100 million

[Anonymous No.24091873]

>>24086040
Your moms mouth is intrinsic on my cock dude

[Anonymous No.24091890]

>>24085926
How do I kill /pmg/? That's one extra thread space that could be used for more worthier threads.

[Anonymous No.24091966]

>>24089850
kek

[Anonymous No.24092018]

>>24091548
Velocity of money is related to how much money is moving in the ecoonmy for example you get 1 usd how much those usd move from the time you get in the year.
A collapsing velocity of money means less economic activity / deflation ,incrasing more actiivty / inflation.

The collapse due to corona is so servere governments will have to stimulate which will pump inflation around the time the bullrun bubble should be poping up means it will go up.

[Anonymous No.24092050]

>>24085926
he's sheeffin

[Anonymous No.24092109]

>>24088389
>intrinsic value
intrinsic value is a meme made up doublespeak word. value is in the eye of the beholder. kill yourself jew faggot.

[Anonymous No.24092111]

>>24086040
>INTRINSIC value
whenever someone says this, it's the tell sign that they have no idea what they're talking about
byzantine fault tolerance and sound money are not intrinsic of anything, they're abstractions
brainlet nigger brains

[Anonymous No.24092402]

>>24091890
No, really. Do I just spam that they're retarded boomers? That they've been jewed?

[Anonymous No.24092769]

>>24090967
newfags on biz = bearish

[Anonymous No.24092899]

>>24092111
>they're abstractions
so they are value

[Anonymous No.24092919]

>>24085926
Realize that this niggers life depends on talking about bitcoin. Everytime you post about this dude he makes money. He doesnt care about bitcoin and he doesnt care about gold. All he cares for is attention.

[Anonymous No.24092941]

>>24085926
Peter is correct though. BTC is not replacing gold, that's ridiculous. The government owns way too much gold for that too happen, and China has too much BTC. US has both.

[Anonymous No.24092962]

>>24092111
>>24092109
you offer a child or a remote tribesperson a paper wallet with $1000 worth of bitcoin or a half ounce of gold (also ~$1000).
I'm sure they'll take the gold everytime.
There is such a thing as intrinsic value, but it also proves the point that value is in the eye of the beholder. Offer it to a 20 or 30 something and they'll take the assymetric bitcoin bet, I think. Offer to a boomer, I don't know I think they'll take the gold.

As more and more people are educated on bitcoin and its intrinsic value, that'll grow bitcoin. That's what the log growth curve represents.

[Anonymous No.24093010]

>>24086474
first time he made a sensible comment in his life

[Anonymous No.24093047]

HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

[Anonymous No.24093076]

>>24086040
This. And I'm not selling because after the inauguration the printer will go brrrrrr again and only after that is when we're in for another crash. Nothing but gains until February tho. It's 1929 all over again.

[Anonymous No.24093127]

>>24092941
Also BTC still needs to be pegged to something to have actual value. It's still just speculation still. Peter goes by the books.

[Anonymous No.24093159]

>>24086040
>zero INTRINSIC value
man this cycle's fud is really something else

[Anonymous No.24093165]

>>24086040
sir im holding already gold and silver for like 3 months missed 2x sell and i am 30% down on investment if i went full retarded on jeetscoins i would have a few grand more in my portfolio you can suck dick with your opinion sir

[Anonymous No.24093166]

>>24086474
BASED!

[Anonymous No.24093194]

>>24093127
>Marxist theory of value

[Anonymous No.24093236]

>>24085926
He will keel over before he admits defeat

[Anonymous No.24093303]

>Coinfags permanently butthurt that some guy criticizes their favourite speculation
Perhaps the ones seething are you? If you're so sure Bitcoin will keep mooning why do you care what some boomer says?

[Anonymous No.24093396]

>>24092962
You literally just proved that value is entirely subjective. Offer a Tribesperson a Harvard Diploma or a sharp rock. He'll take the sharp rock. That doesn't mean that the value of the Harvard Diploma is much much higher (to us)

[Anonymous No.24093536]

>>24085926
Gold does just as well as cash in a deflationary environment. It is speculative cash in no counter party risk. Sound currencies (US dollar, Euro and Yen) try to closely follow gold but there is some volatility.

The truth is, Zoomers and Millenials have been trained to not value gold as much as their preceding generations, and instead they have been trained to value cryptocurrency. You have also been trained to treat cash like trash, when in deflation and right before a market crash, cash is king.

Bitcoin is currently mooning because emerging market economies have a currency crisis right now so smart money is exchanging their shitty currency for bitcoin or for US dollars (if they can find any), knowing that it's more sound than their own currency.

[Anonymous No.24093537]

>>24086040
Being practically correct is the best correct, technically correct is the pedantic "correct".

[Anonymous No.24093764]

>>24093536
It's not 2017 anymore. Broken countries buying Bitcoin at any price surely was a reason back then but what's pushing the price right now and brings the big volume are institutional investors

[Anonymous No.24093878]

>>24093764
You sure? Where are you getting that information from? From the institutional investors themselves? Why would they be in the business of telling you what to buy, because it seems like whenever they do this, they take the opposite position.

Where were these "institutional investors" when BTC hit $5000 in March?

[Anonymous No.24093926]

>>24086161
>industrial use doesn't provide intrinsic value
>101010101010110 provides intrinsic value
listen, i'm a crypto bull, but let's not be retarded here...

[Anonymous No.24093933]

>>24093303
Because deep down they know Peter IQ mogs everyone on the board combined

[Anonymous No.24094084]

I think BTC will keep going up, up to probably $30K before it crashes down to around $12K and sits there for about 5 years.

After all, if Jack Dorsey, the CEO of Twitter is shilling Bitcoin, that is a clear sell signal to me.

[Anonymous No.24094263]

>>24093878
Microstrategy explained why the publicly announced them turning their cash liquidity entirely into Bitcoin. Michael Saylor explained they want to signal to other Nasdaq companies that they're doing this step and want to be used as an example of a company that did it. Of course other institutional investors won't publicly announce them buying Bitcoin but you can see the big movements on the Blockchain. That's the beauty of the blockchain. You can see what the big players are doing and where the money moves

[Anonymous No.24094280]

>>24086234
You dumb nigger

[Anonymous No.24094457]

>>24086872
underrated

[Anonymous No.24094743]

China has gold too. China and russia

[Anonymous No.24095068]

>>24088553
Capped for posterity gentlemen.

[Anonymous No.24095106]

>>24085926
schiff is having a second shot with NEC, will he blow it like he did with btc? Only time will tell..

[Anonymous No.24095175]

>>24088263
its not priced in because saylor said he will never sell that coin.

[Anonymous No.24095246]

>>24093303
It's just satisfying to see a dumb Boomer be constantly wrong

[Anonymous No.24095320]

>>24086954
Gold and Silver eagles have a face tender value of $1 and $50 dollars for a once ounce coin respectively.
So if you want to stick with your fiat meme, then I guess a 1oz gold going is actually only worth 50 bucks. Why don't you try it?

[Anonymous No.24095387]

>>24088389
>intrinsic value
lmaoing my ass of
if gold has intrinsic value, then so does btc
it doesn't really matter of course since "intrinsic value" is just some made up bullshit

[Anonymous No.24095390]

>filthy kike seething
Based and redpilled

[Anonymous No.24095447]

cash is just paper

gold is just shiny rock

bitcoin is just code
Schiff is just a huge faggot

[Anonymous No.24095457]

>>24085926
>(((BlackRock)))
LMAO. Only the most clueless faggots can't see the writing on the wall. BlackRock is a made to fail debt discharge extension of the Central Bank. Taking their financial advice is like taking diet advice from McDonalds.

[Anonymous No.24095463]

> Upside price dislocations

God why are some many cringe worthy cunts in crypto

[Anonymous No.24095557]

>>24093127
>Also BTC still needs to be pegged to something to have actual value. It's still just speculation still.

[Anonymous No.24095650]

>>24086161
It has some minor industrial uses. You can't deny that.
The truth is that something material can't ever be equal to an abstract concept like value. The stock market defines value as the difference between input and output( The difference being positive simply means that you found some people who wants to have it). Not quite wrong, but not quite right either. Value is subjective. If something is a store of value it will be only because of consensus.
>>24086231

[Anonymous No.24095693]

>>24086223
That's a shame because I like him and he should be president but he's wrong on inflation.

[Anonymous No.24095750]

>>24085926
You're all echoing. If you think Peter hasn't been Funding Bitcoin just to buy it, you're honestly nomi. 4D chess frens.

[Anonymous No.24095877]

>>24095650
>It has some minor industrial uses. You can't deny that.
how is that "intrinsic" you stupid faggot
and what would be the value of gold if it only had industrial usecases? 10 bucks a kilo?

[Anonymous No.24095945]

>>24095877
>ou stupid faggot
Fucking seething.
It's closer to the abstract concept of value than something that has absolutely no uses like bitcoin.

[Anonymous No.24095988]

>>24095877
10 bucks a kilo is still more valuable then 1s and 0s.

[Sage No.24095996]

>>24085926
Schiff is right tho

[Anonymous No.24096413]

I'm pretty sure Schiff secretly stacks bitcoin while FUDing it hard simply because BTC threatens his gold business. If you think about it, his business is going to fail in the long run because of BTC so he's super salty.

[Anonymous No.24096480]

>>24096413
It makes so sense that he put news like Black Rock's CIO saying Bitcoin will replace Bitcoin or doing these fucktarded polls that just make him look dumb. I think he really is trying to secretly shill Bitcoin without actually shilling Bitcoin because he sits on a huge stat

[Anonymous No.24096517]

>>24095447
paper grows on trees
Code is infinate
Faggots only take 9 months to bake
Shiny rocks require supernovas to create

[Anonymous No.24096570]

>>24095988
This is why I quickly learned to never take financial advise from Boomers. I had this same discussion when I was in school and a Boomer told me Google and Facebook are worthless because it's not "real" and I should invest in "real" things like television companies and car companies

[Anonymous No.24096736]

>>24096570
anon dont make the mistake of only looking at favourable outcomes.

For every netflix, there is a block buster... remember that netflix started basically as block buster in a vending machine

For every google, there is a yahoo.....

bitcoin is a great speculative instrument, and likely will go up substantially for a bit more.

But the reality is that it nothing more then a speculative instrument. When other coins that do the exact same thing, the only reason to choose BTC over them is the brand name. Let alone the fact that improvements to digital ledgers/currencies have been made since BTC, and will continue to be made.

People also like to forget incidents like Mt Grox

[Anonymous No.24096775]

>>24096736
*with* not when

[Anonymous No.24096802]

>>24096570
And look what google and facebook are now.
And boomers are in WEF, wanting to "change" the world.

[Anonymous No.24096857]

>>24096736
Again this is why I never listen to Boomers when it comes to money. Yahoo could have been Google. Blockbuster could have been Netflix. Nokia could have been Apple. They failed to become them because they were led by Boomers that were too dumb to realize they need to change and adapt to the everychanging world and go with the times. Gold is Yahoo. Gold is Blockbuster. Bitcoin is Google. Bitcoin is Netflix.

[Anonymous No.24096962]

>>24096857
OK im sure you are fabulously wealthy from never investing in companies run by people who are 45 years old like Marissa Mayer was in yahoo....

I probably have more BTC then you too so enjoy, I truely hope you cash out before its too late, my target is 25k then I am out of BTC

[Anonymous No.24096974]

>>24085926
I suppose in the 1630s there was talk of Tulips replacing Gold.

[Anonymous No.24097173]

>>24096962
Happy to hear that. Boomers in Bitcoin only destabilize it. This bullrun is only for the strong hands

[Anonymous No.24097288]

>>24097173
Fuck you. We need bag holders and mass adoption. I welcome the boomers. The 300% from march was strong hand reward. You dont understand money and thats okay.

[Anonymous No.24097579]

>>24097288
You already have mass adoption... Ethots and everyones brother/barber is already in BTC...

Part of the reason why massive sell offs are mitigated is because people are idiots and lose their wallet access too...
>>24097173

I see the Mt Grox incident was totally hand waived away, and everyone over 26 years old is a boomer.

A smart person would easily be able to explain why BTC is better then BTC 2.0 or lite coin or etherium, or any of the other coins that do/could exist.

Instead its like me telling you that yes coke is great, but pepsi also exists, and people can just grab an RC cola as well to get the same thing for cheaper. I can explain that cola isnt really inherintly valuable outside of it being a sugary drink, so coke does well on branding ALONE.

The reply i get to this isnt even on the "ITS GOT WHAT PLANTS CRAVE DUDE!" comacho level

its far below that

[Anonymous No.24097599]

>>24086872
This.

Don't fight the honk, become the honk

[Anonymous No.24097786]

>>24097579
We don't even have general adoption. let alone mass adoption. SEC only okayed a bank holding btc 2 weeks ago.......

[Anonymous No.24097945]

>>24097786
If you mean mass adoption by institutions like banks, sure you are correct, but that is a double edged sword. Is paying taxes and getting ever increasing fees on BTC while paying capital gains on it what you want?

I still see this as a mania, one that I can cash in on of course, but Im not going to delude myself into thinking that BTC is anything but something I bought at X$ and sell at 100X$, I wont be travelling the world throwing satoshis at people

[Anonymous No.24097978]

>>24086474
NOW THATS FUCKING BASED WTF I LIKE GOLD NOW

[Anonymous No.24098150]

>>24097945
I will never pay capital gains. Already talked to my banker. They are willing to give me a 10% loan on any underlying btc collateral. I will refinance every 4 years.

[Anonymous No.24098229]

>>24085926
>At what point will he capitulate?
LOL
BTC is a ponzi and will end will fail like the rest.
TETHER keeps this scam afloat.

[Anonymous No.24098248]

>>24086872
based
>>24087871
no he's right, if the whole world went to shit no one would want your shiny rock, they would trade food and weapons

[Anonymous No.24098735]

>>24098150
10% interest rate or loan on 10% of the value?

Once other thing to consider is starting your own mini exchange, BTC then becomes the product your sell, you can then liquidate it when you go out of business for cheap, or you rake it in with fees if people actually use your exchange.

Very little risk, but if you have a loan and BTC crashes again it might be bad.

[Anonymous No.24098793]

>>24098735
>10% interest rate or loan on 10% of the value?
loan on 10% of spot value. not a capital gain cause you never sold it.

[Anonymous No.24098828]

where the fuck can i watch this, i dont get it its already been over an hour past the deadline

[Anonymous No.24098855]

>>24085926
Ah Shiff, mania driving the bubble that popped in 2018? LoL. What a fag.

[Anonymous No.24098898]

It's actually pretty concerning that someone like the CIO of BlackRock would openly be shilling Bitcoin, and even still, promoting it over gold. Are we really naive enough to think these kikes have our interests at heart? they are guaranteed to have some hidden agenda.

[Anonymous No.24098905]

If you think bitcoin has something called intrinsic value because it costs a lot to produce you're just parroting the Marxist labor theory of value, which is 100% proven wrong.

saying >"miners spend a lot of effort mining these bitcoin, therefore its valuable"
is just as dumb as saying
"I spent a lot of effort digging this hole, therefore its valuable"

It's "value" is only defined by one factor alone, and that's the price/asset you can trade it for.

anyone saying bitcoin or gold has an intrinsic value is wrong.

[Anonymous No.24098966]

>>24093926
>data provides no intrinsic value
gee thanks for your insightful perspective better drop google amazon and Facebook from my stonks portfolio

[Anonymous No.24099013]

>>24098905
how then do we define 'intrinsic value'? doesn't say, healthy livestock or good agricultural land have intrinsic value because these are physical things we need? certainly bitcoin then has no 'intrinsic value' by this metric. but gold? dont all commodities have intrinsic value

[Anonymous No.24099128]

KEK

FRESH TWEET

[Anonymous No.24099159]

>>24099128
what a glutton for punishment

[Anonymous No.24099272]

>>24099128
he is so stubborn, he has his own made up ideas on how bitcoin works and does not care about how it really works
if only he did some research

[Anonymous No.24099306]

>>24098793
Yeah you can do this with gold too, although you can also avoid 100% of cap gains tax with gold without doing this.

>>24098898
You have to ask yourself, if the mainstream has bashed gold for so long as an outdated useless rock, why are they trying to hypeup BTC by saying its the new gold?

They keep refering to BTC as a store of value and/or payment processing utility.... I think this is a classic pied piper routine. Lots of new money is going to flow into BTC, until the music stops and someone is left holding the bags.

Thats why Im saying BTC will make money but have an exit strategy.

[Anonymous No.24099375]

>>24099272
What value does BTC have though?

If in 10k years another civilization digs up your wallet information do they have something valuable or something worthless?

When we dig up millennia old gold, is it worthless, or does it have value?

Explain why BTC SPECIFICALLY has value that litecoin, link, ect dont have, and if they all have the same value, why are you claiming there is a finite supply of BTC when copies of it can be made infinitly

[Anonymous No.24099487]

>>24099375
If this
https://www.independent.co.uk/life-style/gadgets-and-tech/anti-ageing-reverse-treatment-telomeres-b1748067.html
is life extending, I will still not follow you into gold but will buy commercial real estate instead. The fact you need a 10,000 year time scale points to the untenability of your position.

[Anonymous No.24099658]

>>24099375
>Explain why BTC SPECIFICALLY has value that litecoin, link, ect dont have
The name.
Bitcoin is valuable because it's bitcoin, and number 1
simple as, if bitcoin was at place 2 it wouldn't be so valuable, but considering it will probably never happen, you might see why it's so important. It's not even about the tech.
It's the brand.

>If in 10k years
>why are you claiming there is a finite supply of BTC when copies of it can be made infinitly
that's a real brainlet take their buddy

why are you even sitting here trying to talk to random people about bitcoin, go ask paypal why they are suddenly adding the ability to buy bitcoin, they know something you don't. clearly.

bitcoin is not going to repace gold or stocks, it's just another thing, its new and at the same time stood the test of time, it's here to stay, in a decade the new generation are not going to buy stocks or gold, they are doing to buy crypto

[Anonymous No.24099684]

>>24085926
The Gold Jew Fears the Crypto Aryan

[Anonymous No.24099692]

>>24099487
You are not addressing the point of inherent value. Nothing about what I said meant that you or I need to live 10k years for gold to do its job, and I dont need/want you to buy any to hold bags for me.

Gold stores value, if you want to speculate to win it big, its not for you.

However BTC is being touted as a store of value, a speculative device, a payment method, a global currency, and being better at being gold then gold is.

It is literally only one of those things, its a speculative instrument, and it derives value 100% from being the best known brand rather then from unique properties.

[Anonymous No.24099694]

>>24090967
niggers tongue my anus in minecraft unironically

[Anonymous No.24099812]

>>24099658
>It's the brand.

So you admit/understand BTC is a brand, but then contend the product cannot be duplicated under a different brand.

In a world where it has quite literally been duplicated, and improved upon, already under a different brand.

Ok then.... good luck with that... still selling BTC when I think its gone up enough, not the first bull run of it that I have seen people make the same claims you are.

[Anonymous No.24099851]

>>24099375
So do you want to pay a premium for the feature that a future alien can dig up your stash and sell it? Sounds like a pretty irrelevant feature to me desu.
> Why is LTC not BTC!??
It's all about which blockchain the world has decided to use as a replacement for gold. It is the BTC blockchain. You can copy the BTC code today and start a competing blockchain. Since that will not be the blockchain that the world has decided is the replacement for gold, the entries in your ledger won't be worth much. Unless you can convince the world to replace gold with your blockchain instead of the BTC one, then entries in your ledger would become immensely valuable. But you can't convince the world to change, because your blockchain has no advantages over the BTC one, and neither does the LTC blockchain, nor any of the competitors.

[Anonymous No.24099949]

>>24099812
>In a world where it has quite literally been duplicated, and improved upon, already under a different brand.
are you ok? bcash and sv are not bitcoin, simple as
their whole value lies in being bitcoin, problem is they will never be a woman and thus WILL go to 0

>not the first bull run of it that I have seen people make the same claims you are.
not sure what you mean, im thinking its going to crash hard, i have no money in bitcoin and dont really care if it goes up

[Anonymous No.24100014]

>>24099692
>>24099692
youre wrong, the network value of bitcoin alone is worth billions. Also, with Gold just on african that finds a big amout of gold, or some billionair mining a asteroid would destroy the "value" your shiny boomer rock have... There is nothing about gold that has any value other than people saying it has... same with diamonds.

[Anonymous No.24100026]

>>24086231
A chicken shits out an egg that has a unique DNA record but contains a record of how it got there.
>We need an egg standard!
Yes, crypto is THAT retarded.

[Anonymous No.24100057]

>>24086474
based boomer

[Anonymous No.24100144]

>>24099692
No it has unique properties, no other competitor tech has come close to bringing any advantages over BTC for a store of value blockchain.
If you just clone BTC, you will not win because of momentum on the existing blockchain.
If you clone BTC and add an improvement, you will not win because the improvement will not be big enough to overcome the momentum.
If you make a completely different blockchain, you will not win because you will make the wrong trade offs for the store of value use case. You will make the blocks bigger, or centralize, or sacrifice one of the BTC features to make some other feature stronger, and you may end up with a cool coin for some other use case, but you will not beat BTC's perfectly balanced trade-offs for store of value.
There's just no path to overtaking BTC's role as the store of value crypto, and that's why people are buying in, because when such a blockchain exists and the world has decided it's the de facto standard for wealth storage, an entry on that ledger becomes an incredibly valuable thing.
Gold is not exactly new. It's certainly great, but that's been known for a while and is priced in. When BTC fulfills its mission, it will be less useful for speculation and behave more like gold (more stable price), but until then with BTC you have the chance to get in on gold before the world has figured out what gold is and it is severely undervalued.

[Anonymous No.24100244]

How does crypto get over the fact that it becomes impossible to use without a metric ton of GPUs and mining ASICs to brute-force SHA digests in order to mine blocks?

[Anonymous No.24100381]

>>24086770
Problem with gold is that it's not very liquid and if you use gold IOUs then that defeats the purpose.

[Anonymous No.24101059]

>>24087031
i dont care about his wealth, i care about his advice, which is shit. they can already make gold in a lab. 100 years from now they'll be able to do it cheaply and gold will be worthless.