Based Peter Schiff DESTROYS Buttcoin with facts&logic

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Based Peter Schiff DESTROYS Buttcoin with facts&logic Anonymous Sat Nov 28 18:59:19 2020 No.24367891 [Reply] [Original]

Well /biz/?

>>	Anonymous Sat Nov 28 19:00:26 2020 No.24367914 Who?

>>	Anonymous Sat Nov 28 19:00:48 2020 No.24367919 >>24367891 No zoomers are buying Peter Schiff’s shiny boomer rocks

>>	Anonymous Sat Nov 28 19:00:51 2020 No.24367920 >old man yells at cloud

>>	Anonymous Sat Nov 28 19:02:59 2020 No.24367967 File: 829 KB, 1242x930, 3296226E-44F5-4507-8416-3AFB6E2195AC.jpg [View same] [iqdb] [saucenao] [google] >>24367920

>>	Anonymous Sat Nov 28 19:04:59 2020 No.24368021 >>24367919 >>24367920 > irrelevant cope How do you answer the argument that crypto is a real life test of the greater fool theory? OG whales will dump on you and cash out.

>>	Anonymous Sat Nov 28 19:07:57 2020 No.24368099 this is literally what happened last bull tho lmao

>>	Anonymous Sat Nov 28 19:10:24 2020 No.24368168 >>24368021 i answer it by ignoring bait threads and letting time do the talking

Anonymous Sat Nov 28 19:11:30 2020 No.24368197

>>24368021
Still new, can’t argue for or against the long term survival of BTC. But so far it’s had a track record of outperforming any other asset out there. Gold is great as well. But Peter Schiff is a boomer stuck in antiquated times not understanding the potential that crypto has to change finance as a whole.

>>	Anonymous Sat Nov 28 19:12:35 2020 No.24368224 >>24367919 good. zoomers can stay poor. and boomers don't own boomer rocks either.

>>	Anonymous Sat Nov 28 19:14:16 2020 No.24368255 >>24368224 So no one owns gold?

Anonymous Sat Nov 28 19:17:10 2020 No.24368324
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rocktards bring me great amusement with their cope about how what has continued to happen for many years will suddenly stop happening so that they no longer seem ridiculous... please never leave biz metal boomers.

>>	Anonymous Sat Nov 28 19:19:12 2020 No.24368371 >>24367891 > cash out What did he mean by this?

>>	Anonymous Sat Nov 28 19:26:09 2020 No.24368518 File: 219 KB, 800x620, neverselling.png [View same] [iqdb] [saucenao] [google] >>24367891 Only 1.6m left at exchange peter https://www.viewbase.com/exchange there were 2.6m in january time is running out old man.

>>	Anonymous Sat Nov 28 19:38:45 2020 No.24368827 >>24368255 central bankers and the ultra elite own gold. very curious why they own a useless thing.

>>	Anonymous Sat Nov 28 19:43:01 2020 No.24368948 >>24367891 I fucked his wife in Tahiti in the late 80s

Anonymous Sat Nov 28 19:43:25 2020 No.24368956

>>24367891
Yes the little guy gets in early because Bitcoin is decentralized. On a centralized shit token or system the big guys get in early then little guys get in later.

Bitcoin started with a couple of computers and grew to the network we see today. It didn't start with a central authority.

So yes bitcoin will let the little guys front run the big institutions. And that is a good thing.

>>	Anonymous Sat Nov 28 19:43:26 2020 No.24368957 >>24367891 gold does what like +1% annually on average. bitcoin does +360% annually on average. the boomer tard is blind to this on purpose because his business is to sell gold.

>>	Anonymous Sat Nov 28 19:43:59 2020 No.24368972 File: 736 KB, 616x798, 1605699969151.png [View same] [iqdb] [saucenao] [google]

>>	Anonymous Sat Nov 28 19:46:50 2020 No.24369051 >>24368371 cant wait to short all the newfags with 10x leverage from the top

>>	Anonymous Sat Nov 28 19:47:37 2020 No.24369077 >>24368168 this, OP btfo

>>	Anonymous Sat Nov 28 19:50:57 2020 No.24369151 File: 96 KB, 1200x674, PS.jpg [View same] [iqdb] [saucenao] [google]

>>	Anonymous Sat Nov 28 19:53:59 2020 No.24369209 File: 19 KB, 332x351, aye.jpg [View same] [iqdb] [saucenao] [google] >>24367891 >b b buttcoin??

>>	Anonymous Sat Nov 28 19:56:21 2020 No.24369259 >>24368948 based.

>>	Anonymous Sat Nov 28 19:58:23 2020 No.24369300 >>24369051 Why are you and Mr. Schiff such emotional investors?

>>	Anonymous Sat Nov 28 20:08:58 2020 No.24369502 >>24368324 >s&p500 >comparing two high risk assets to a collectively low risk one

>>	Anonymous Sat Nov 28 20:09:15 2020 No.24369511 >>24368518 that really puts things into perspective for just 29 billion some billionaire could send bitcoin to mars

>>	Anonymous Sat Nov 28 20:12:53 2020 No.24369589 >>24368948 Pics or it didn't happened.

>>	Anonymous Sat Nov 28 20:36:46 2020 No.24370019 File: 135 KB, 1200x674, kek.jpg [View same] [iqdb] [saucenao] [google] >>24369151

>>	Anonymous Sat Nov 28 20:39:06 2020 No.24370075 >>24368021 if that's the case why haven't they done it already? why is there less and less bitcoin up for grab by exchanges? time is running out.

>>	Anonymous Sat Nov 28 20:43:35 2020 No.24370149 >>24369209 anyone noticed that schiff is talking more about bitcoin lately than gold

Anonymous Sat Nov 28 20:43:35 2020 No.24370150

>>24368197

The whole point of banks is to have distributed ledgers, except banks are controlled by the jews. Schiff is a smart idiot. His axiom is wrong. He believes in the concept of intrinsic value. He believes gold has intrinsic value because of his religious upbringing. Does gold that you cannot ever reach or use have value? No. It serves no purpose by just existing somewhere. It needs to be used and wanted by humans for some purpose. Humans attribute value to things.

The dirty secret Schiff won't understand or refuses to tell you is that fiat is perfectly fine as money, as long as the controlling party does not print more. All you really need is a system truly free from human manipulation to manage it.

Anonymous Sat Nov 28 20:47:53 2020 No.24370254

>>24370150
>The whole point of banks is to have distributed ledgers
lol no
banks where based on the fact that it costs the same money to secure billions than to secure millions. centralized solutions scale great. low cost security. built on trust. also lending.

decentralization was never really a goal.
>fiat is perfectly fine as money
it's the best there is historically speaking
>as long as the controlling party does not print more
kek still fiat is best money it's just not a good long term store of value. and this is by design.

>>	Anonymous Sat Nov 28 20:53:04 2020 No.24370362 >>24367891 Lol. Is Schiff starting to shill Bitcoin??? Exactly. It's the first time in history where retail has been allowed to frontrun the institutions. Never happened before and now it's happening. Pretty cool I guess.

>>	Anonymous Sat Nov 28 20:54:25 2020 No.24370389 >>24367891 lmao rent free

>>	Anonymous Sat Nov 28 20:58:43 2020 No.24370467 >>24367891 bro bitcoin is just robux but with cryptography, decentralization and individual custody are you saying you think robux is a ponzi scheme? get outta here

>>	Anonymous Sat Nov 28 20:59:42 2020 No.24370491 >>24367891 He's not wrong. BTC has no regulation or intrinsic value it's all just supply and demand.

Anonymous Sat Nov 28 21:00:49 2020 No.24370517

>>24370150
>Humans attribute value to things.

sometimes appropriately, sometimes inappropriately.

the problem with bitcoin is that it is not competitive with cryptos like xrp/flare or proof of stake cryptos like eth 2.0.

he is correct in that bitcoin is supported by fomo. but if there's no underlying use case i can only imagine that bitcoin is presently very, very overvalued compared to xrp or eth, or even projects like cardano and tezos. i think if most people understood how bitcoin worked they would not be very confident, and it's not a good sign if BTC's popularity is fueled by FOMO and ignorance.

>>	Anonymous Sat Nov 28 21:02:37 2020 No.24370547 >>24367891 Well robinhood stockfags are pricing out and embarrassing boomers. It's not too farfetched that the same thing is happening with crypto

>>	Anonymous Sat Nov 28 21:02:48 2020 No.24370553 >>24370491 Every single day there's another one. I keep thinking that /biz/ is this community where everyone knows each other and are all sort of on the same page.

>>	Anonymous Sat Nov 28 21:05:27 2020 No.24370599 >>24370517 cont. but the "little guys" did not get in early. satoshi and friends must be making bank because the inventors of any of these cryptos have the best mining opportunity. they undoubtedly hold an incredible amount of BTC.

Anonymous Sat Nov 28 21:06:21 2020 No.24370618

>>24370150
>>24370254
gold has a physical limit to the creation of it
fiat can literally be wished into existence

when gold does inflate (including doomsday scenarios such as an asteroid with 300 tons of gold being brought to earth), the pattern of it entering the economy is much, much different from how fiat does. It may ruin buying power of people whose only savings are hoarding gold, everyone else is unaffected.

when fiat inflates, it first enters uncompetitive industries, because that's what government spending inherently is. Unlike when gold inflates, fiat stimulates both current consumption and long-term investment, and you know how that works out.

>>	Anonymous Sat Nov 28 21:11:02 2020 No.24370674 >>24369502 >settling for the worst gains in a century simply because it's "low risk" you're a woman

Anonymous Sat Nov 28 21:11:50 2020 No.24370690

>>24370599
cont.

sadly we live in a world where shills and influencers seem to have a lot of pull, and they make their living spreading ignorance and lies. hopefully they'll all be whipped in public and exiled or made to walk the plank. such is the only fate befitting of a traitor who subverts his own compatriots.

>>	Anonymous Sat Nov 28 21:12:30 2020 No.24370699 >>24368021 Guess 18k ain’t a high enough price for these whales you speak of

>>	Anonymous Sat Nov 28 21:13:54 2020 No.24370719 >>24368827 They have a few % of their portfolio in gold, nobody got rich buying gold let that sink in, nobody ever got rich investing in gold unlike bitcoin, stocks or real estate.

>>	Anonymous Sat Nov 28 21:16:42 2020 No.24370774 File: 187 KB, 335x377, 1574950574071.png [View same] [iqdb] [saucenao] [google] >>24367891 >If so, this would be the first bubble in history where little guys get in early and sophisticated bag holders arrive late to cash them out.

>>	Anonymous Sat Nov 28 21:19:00 2020 No.24370802 >>24367891 Peter Schiff is literally a retard.. what is this guy shilling? Gold? Well gold deleted off my buying list

>>	Anonymous Sat Nov 28 21:19:54 2020 No.24370821 >>24370802 he scares doomers and fuds bitcoin while selling gold at a fat premium

>>	Anonymous Sat Nov 28 21:21:09 2020 No.24370840 >>24369502 “Golds low risk” yet crashes during coronavirus with everything else

>>	Anonymous Sat Nov 28 21:22:12 2020 No.24370862 >>24370149 what’s positive to talk about for gold? he’s been shilling a 5-10k gold targets for decades

>>	Anonymous Sat Nov 28 21:24:37 2020 No.24370896 Gold did ok before bitcoin, it’ll lose market share to bitcoin from here on out though and I’m on a goldbull

Anonymous Sat Nov 28 21:26:13 2020 No.24370922

>>24368957
Gold is not an investment economically illiterate retard. Gold is real savings and real wealth. Gold is simply a store of value. When you buy gold you are buying it for a different reason than when you buy amazon. The dollar price of gold going up is not the same thing as the dollar price of gold going up. There is a bible verse saying how 1 ounce of gold buys you 350 loaves of bread 2,500 years ago. If you held that ounce of gold from 2,500 years ago until today and you take that ounce of gold to a coin shop and get $1,800 for it you can still buy roughly 350 loaves of bread with a lot of bread being about 4$.

Everything you invest in including bitcoin are FINANCIAL Assets and gold is a REAL asset

Anonymous Sat Nov 28 21:26:41 2020 No.24370930 [DELETED]

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Fellas, surfed duckdao.io, the first crypto incubator with a big variety of connected platforms? What can you say about it?
Is it a good solution to participate in DuckDAO Hunter Season?

>>	Anonymous Sat Nov 28 21:28:03 2020 No.24370954 >>24368021 So is every stock with gains year on year

>>	Anonymous Sat Nov 28 21:29:19 2020 No.24370979 what is this boomer rock fucks problem?

Anonymous Sat Nov 28 21:30:38 2020 No.24371009

>>24370517
The gold and bitcoin argument is entirely retarded. They aren’t even competing. And even if they were and bitcoin when you $1,000,000 per coin that wouldn’t make gold any less valuable.

Bitcoins marketing is that its literally the new gold. But there was never any issue with gold in the first place. For all intents and purposes gold is already irrelevant since govt’s have de-monetized it, yet it’s still $1,800 per ounce.

The unironically the ENTIRE point of most people getting into crypto is because you can’t make it anymore BECAUSE the dollar is not backed by gold anymore. So you can’t “make it” today so you have to chase shitcoins to try and make it as everyone goes into poverty.

70 years ago under a gold standard you could drive mentally handicapped kids to school on a bus for a living and “make it” with your wife at home raising your 3 kids.

>>	Anonymous Sat Nov 28 21:30:53 2020 No.24371010 >>24370922 “Real asset” this fags in too deep, he thinks cause you can’t hold bitcoin in your hand it’s not real, he thinks gold isn’t speculative total poor newcuck

Anonymous Sat Nov 28 21:31:04 2020 No.24371015

>>24367891

I used to be part of this gold cult many years ago before I discovered Bitcoin.

The most annoying thing about peter shiffs tweet is literally the same exact shit all the gold bullion dealer/economic crisis experts do ever since the last ath gold back in 2012.

they are all the same, jim richards, peter shiff, david morgan, doug casey, mike maloney, the list goes on. they always think gold and especially silver is superior to any asset class known to man

Every year they called for 10k on oz gold, 500$an oz silver, a full economic collapse back to a gold standard, a stock market implosion, a debt Jubilee and a massive collapse in housing etc etc.

They been predicting doom and gloom and an end to the system as far back as 2011.

these boomer cocksuckers lecture on and on about how the system is rigged and the endless money printing is essentially meaning cash is worthless yet they all have bullion websites to buy thier so called real money in exchange for the trash they call cash. If that was the case why the fuck are you accepting this trash you call trash for your peice of shit useless coins which is also rigged.

You can search on YouTube the shit these clowns would say as far back as 2011 and its pure entertainment on how immaculately they truely are.

meanwhile in 2017, Bitcoin actually made the massive price actions they always dreamt of and immediately became the biggest haters on crypto because thier bags still have yet to even move to the levels of crypto.

You can even search for articles from doug casey in the 1980s calling for a gokld price of 3000 usd which is still yet to happen.

peter shiff is a pure salty bitch I hate these scam artists

>>	Anonymous Sat Nov 28 21:31:51 2020 No.24371025 >>24367891 when will this kike just admit that he was wrong?

Anonymous Sat Nov 28 21:34:39 2020 No.24371067

>>24371010
You don’t even understand what the primary function of money is. The primary function of money is to MEASURE VALUE of goods exchanged for it. Money is a barometer to measure value, and nothing for 5,000 years measures value better than gold. Not the dollar, not bitcoin nothing.

I’m not saying that it’s a bad idea to invest in bitcoin at all. But they aren’t competing with one another. Fucking zoomers saying bitcoin is the new gold while at the same time condemning gold defies all logic. Bitcoin will never make gold any less valuable. Gold is just as valuable today as it was 100 years ago and 3,000 years ago

>>	Anonymous Sat Nov 28 21:35:42 2020 No.24371086 >>24371015 >>24371009 >>24371067

>>	Anonymous Sat Nov 28 21:35:57 2020 No.24371089 >>24371015 >They been predicting doom and gloom and an end to the system as far back as 2011. wow, that long ago?

>>	Anonymous Sat Nov 28 21:36:11 2020 No.24371095 >>24371015 They’ve been shilling 500$ silver forever, fuck even $100 silver has never happened

Anonymous Sat Nov 28 21:36:17 2020 No.24371096

>>24370517
>he is correct in that bitcoin is supported by fomo. but if there's no underlying use case i can only imagine that bitcoin is presently very, very overvalued compared to xrp or eth, or even projects like cardano and tezos. i think if most people understood how bitcoin worked they would not be very confident, and it's not a good sign if BTC's popularity is fueled by FOMO and ignorance.

How is Bitcoin overvalued compared to ETH or XRP. Christ on a popsicle stick.

Anonymous Sat Nov 28 21:37:40 2020 No.24371121

>>24371067
>I’m not saying that it’s a bad idea to invest in bitcoin at all.

who knows. people here seem to insist it will continue its upward trend but things are different now than in 2017. there are alternatives that are gaining serious momentum. i think it's foolish to disregard the continued advancements in distributed ledger tech that have occurred since bitcoin's inception.

>>	Anonymous Sat Nov 28 21:37:41 2020 No.24371122 >>24370618 >gold has a physical limit to the creation of it you think? hahahah oh boy i guess once the entire universe goes cold there will be no more gold created.

Anonymous Sat Nov 28 21:37:59 2020 No.24371128

>>24371015
Even if you wanted to argue schiff is a scam artist. Buying gold from him or anyone isn’t a scam. Gold is a real asset and real savings. Gold is the least scammy thing you can buy. In fact you aren’t even buying gold when you buy it... all you are doing is converting your wealth from worthless paper to a real store of value

>>	Anonymous Sat Nov 28 21:38:41 2020 No.24371139 >>24371096 i explained exactly how. also see >>24371121

>>	Anonymous Sat Nov 28 21:38:55 2020 No.24371145 >>24370922 >Gold is real savings no it's not savings don't bleed you purchasing power against actual inflation.

>>	Anonymous Sat Nov 28 21:39:38 2020 No.24371157 >>24371128 enjoy eating those gold premiums cuck

>>	Anonymous Sat Nov 28 21:39:57 2020 No.24371161 It's funny because it's exactly what will happen.

>>	Anonymous Sat Nov 28 21:40:27 2020 No.24371169 >>24371128 >Gold is the least scammy thing you can buy i mean that's true unless you buy fake gold... but gold is a trillion times easier to counterfeit than bitcoin.

>>	Anonymous Sat Nov 28 21:41:21 2020 No.24371181 >>24367967 kek

Anonymous Sat Nov 28 21:42:05 2020 No.24371196

>>24371089
yeah anon,

you can search these channels on YouTube called sgt report and x22 report and if you go through the history of uploads to the oldest uploaded you can find shit from 2012 at least when I checked a couple years ago.

the most amazing ones are from bix wier, that guy is straight up retarded, the shit he says doesn't age well

>>	Anonymous Sat Nov 28 21:42:41 2020 No.24371209 >>24367891 i bet you any fucking money this cunt has a shit load of Bitcoin and is just the OG fudder

Anonymous Sat Nov 28 21:43:10 2020 No.24371223

>>24371145
100 years ago a good weekly salary was 20$. A gold ounce equaled 20$ 100 years ago too. So 20$ and 1 oz of gold were a good weekly salary.

If you held that 20$ in your pocket for 100 years you can’t even buy 2 jimmy johns sandwiches today. But if you held your weekly pay in gold for 100 years and took that gold ounce to a coin shop you’ll get $1,800 for it today. And $1,800 is still a good weekly salary

>>	Anonymous Sat Nov 28 21:44:13 2020 No.24371241 >>24371209 His son has been shilling btc and his holdings for 6 months ironically . Lol

>>	Anonymous Sat Nov 28 21:44:49 2020 No.24371250 >>24371169 That isn’t an argument against gold you faggot

>>	Anonymous Sat Nov 28 21:44:56 2020 No.24371251 >>24371157 where I live try selling silver bullion....they take at least 7-9% over spot price because they actually don't even want the shit

Anonymous Sat Nov 28 21:45:28 2020 No.24371259

>>24371223
yeah but productivity increased a thousand fold that's how much less effort / labor goes into producing any goods that "kept" their value so no gold is a horrible horrible store of value.
especially now. because mining production increases exponentially the last decade and population hard capped with agriculture maxing out and declining in production..

>>	Anonymous Sat Nov 28 21:46:06 2020 No.24371270 >>24368021 You're fucking retarded if you believe his argument here. Bitcoin already had several bullruns where degenerate drug dealers were in way before any institution even got wind of the opportunity

>>	Anonymous Sat Nov 28 21:46:59 2020 No.24371286 >>24371251 Premiums are irrelevant unless you sell back before the reset. The entire point of buying silver and gold is for when the dollar collapses

>>	Anonymous Sat Nov 28 21:48:53 2020 No.24371327 >>24371241 kek just what i thought

Anonymous Sat Nov 28 21:48:56 2020 No.24371332

>>24371139
>the problem with bitcoin is that it is not competitive with cryptos like xrp/flare or proof of stake cryptos like eth 2.0.

You do realize that XRP is centralized right? Same with ETH2.0. There are a trivial amount of people that can completely change the code behind these projects".

Bitcoin is the only decentralized cryptocurrency. You've had 11 years to come up with something else, not only are all other projects not profitable (Garlinghouse has said that they would not be profitable without selling XRP), and also have no widespread or even modest usage. No partnership has ever accomplished anything with crypto. That's why DeFi is becoming so popular - crypto for crypto's sake. None after 11 years. Nothing. I don't have any qualms with them, I can only pity the investors who have nothing but speculation, full stop.

You don't appreciate the power of trustlessness. It means the system runs exactly as intended forever, without you and without your vitriol or feelings, and importantly without any centralized control. It's compared with gold, fine, it does everything gold does and better though, it's a brand new thing, an entirely new asset. It didn't grow because of partnerships, roadmaps, endorsements, enigmatic founders or marketing campaigns. It lives because it is brilliant code, perhaps the most valuable code ever designed. Altcoins have none of these things.

Anonymous Sat Nov 28 21:49:01 2020 No.24371333

>>24371250
it is it's trivial to counterfeit it and a bunch of people who think they own gold hold tungsten.
you can1t really sell people counterfeit bitcoin because we have free apps available to everyone that easily verify bitcoin.

also transportability of gold sucks ass it's easily confiscated at borders. not to mention it's expensive to secure and your bollocks boomer security only buys you hours not eons like with bitcoin.

>>	Anonymous Sat Nov 28 21:49:19 2020 No.24371337 >>24371251 yeh here it’s about 3-4% off on silver bullion, it’s a joke. Gold they buy at spot here though

>>	Anonymous Sat Nov 28 21:51:49 2020 No.24371379 File: 1.25 MB, 1439x4799, 1589311967939.jpg [View same] [iqdb] [saucenao] [google] >>24367891 based Schiff destroys corecucks.

Anonymous Sat Nov 28 21:52:02 2020 No.24371383

>>24371337
i been holding boomer rocks since 2013... i literally bought the dip like a good boy.
it's not even worth selling here. inflation was literally worse than the appreciation - taxes.
meanwhile bitcoin does an easy 300% yearly. people have no idea what that means in compound interest over a decade.

Anonymous Sat Nov 28 21:52:25 2020 No.24371391

>>24371286 >>24371286
"the reset" is something every gold and silver cult leader loves to elaborate on. My point was that bullion dealers have an over supply of silver, and they are charging the massive premiums to sell it because they don't want it, to buy it was actually spot price. think about why that is.

the collapse of the dollar will be a controlled demolition, if you think its going to a gold standard you been listening to too many gold bug experts feeding you marketing material

Anonymous Sat Nov 28 21:54:08 2020 No.24371412

>>24371391
we will never ever go back to the gold standard because there reason it failed will obviously happen again if we try again. no question. also it's retarded as a premise for anyone but the few countries that actually produce shittons of gold.

>>	Anonymous Sat Nov 28 21:55:52 2020 No.24371427 >>24371412 Of we stayed on the gold standard and never instituted the fed would be at the stars by now. You can’t have socialism when you have a gold standard.

>>	Anonymous Sat Nov 28 21:55:59 2020 No.24371428 >>24371333 >also transportability of gold sucks ass it's easily confiscated at borders oy vey how will we escape?

>>	Anonymous Sat Nov 28 21:56:29 2020 No.24371441 >>24371383 yeh Im averaged into gold for a few % of my folio at 1800, silver at 24 like a good cuck. But it’s ok cause bitcoins mooned and that’s half my net worth

Anonymous Sat Nov 28 21:59:58 2020 No.24371491

>>24371009
>The gold and bitcoin argument is entirely retarded. They aren’t even competing

then what, pray tell, is bitcoin for? transacting? no, it will chug along at 10 transactions a minute until the end of time, consuming ungoldy amounts of energy in the process. store of value? that would put it in competition with gold.

>>	Anonymous Sat Nov 28 22:03:50 2020 No.24371550 >>24371128 >Gold is a real asset and real savings no

>>	Anonymous Sat Nov 28 22:04:56 2020 No.24371563 >>24367891 Wait until Schiffy finds out how high ARPA went during the MPC bubble (and that a bunch of autistic frogs got Bella Protocol FOR FREE from hodling)

Anonymous Sat Nov 28 22:06:29 2020 No.24371586

>>24371223
>If you held that 20$ in your pocket for 100 years you can’t even buy 2 jimmy johns sandwiches today. But if you held your weekly pay in gold for 100 years and took that gold ounce to a coin shop you’ll get $1,800 for it today. And $1,800 is still a good weekly salary
this fuction has been replaced by bitcoin

Also why the fuc should the economy collapse if the QE only increases Bank reserve and does not go into circulation

Anonymous Sat Nov 28 22:06:31 2020 No.24371588

>>24371427
bollocks the gold standard sucked ass and everyone that matters knows it. it's also an economic nonsense really that a country would have to buy it's own sovereign currency from an other country.
fiat is here to stay. too useful for countries.

>>	Anonymous Sat Nov 28 22:07:31 2020 No.24371607 Also why the fuc should the economy collapse if the QE only increases Bank reserve and does not go into circulation?

>>	Anonymous Sat Nov 28 22:07:33 2020 No.24371608 >>24371441 few% bitcoin makes the shittiest portfolio alright.

>>	Anonymous Sat Nov 28 22:08:07 2020 No.24371620 >>24371550 Gold is real money and real savings. That’s literally the first step in economics. You know how a baby instinctively knows to suck on it’s mother’s tit? It’s the same thing with gold being savings and money. It’s just known.

>>	Anonymous Sat Nov 28 22:09:23 2020 No.24371642 >>24371620 >That’s literally the first step in economics. maybe in the loony house

Anonymous Sat Nov 28 22:09:33 2020 No.24371647

>>24371491
Trustlessness. And everything that gold does, only better, and more as more is built around it. Gold is a metal. It doesn't compete with gold because it's an entirely new asset. Transactions on the blockchain eventually regulated to final settlements. This isn't competing with PayPal or Venmo, it's competing with money (fiats and gold).

Energy is hydro-electric. That's why you don't see the Green New Deal poster children complaining. It's about the type of energy it uses.

>>	Anonymous Sat Nov 28 22:12:26 2020 No.24371703 >>24371647 Bitcoin is the opposite of gold when it comes to anonymity. Sure... bitcoin might become the new gold... gold in a dystopian world. A world I don’t care to participate in. Your just forming a new world with different bars around you.

Anonymous Sat Nov 28 22:19:05 2020 No.24371796

>>24371703
Gold would be my #2. Goldbugs are cousins, or maybe even brothers to Bitcoiners. Gold and Bitcoin are both hard monies and attempts at sound monetary policy.

Trustlessness is completely different from anonymity. Trustlessness means nothing can stop or change Bitcoin. All other cryptocurrencies don't have this feature.

As for anonymity, it's easier to hide Bitcoin then gold and can be transported and divided infinitely easier. Any gold held in vaults is not your gold, similar to exchanges.

Anonymous Sat Nov 28 22:21:11 2020 No.24371840

>>24371067
The reason Bitcoin is preffered to gold is because gold hasn't been doing its job of measuring value for a very long time due to the derivative market being used to decide the price of the real asset at a higher than 1/300 ratio.
You can't manipulate bitcoin's price easily because there are a lot of exchanges and you can remove your funds from them and the exchange can't give you $ instead if it lies to you about your BTC holding like with gold.
Compared to this there is only one exchange fixing the price of gold which is heavily manipulated and you can't easily buy and sell your own gold there.

Anonymous Sat Nov 28 22:23:16 2020 No.24371887
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>>24371332
Eth isn't centralized. That's just a maxi talking point. Ethereum changes are done by community voting, using EIPs.

Bitcoin, however, couldn't even get a change through that the vast majority of users wanted because the single person who can approve change to the github repository didn't want it, because it would remove the incentives for his layer 2 solution, which he's financially invested in. It got so bad that the chains split and bitcoin is in a weird situation where it can never be updated, no matter what, and you better not second guess the lightning network or you're banned and censored.

>>	Anonymous Sat Nov 28 22:23:42 2020 No.24371893 >>24371840 Gold has been measuring value perfectly. A gold ounce was a good weekly salary 100 years ago and it’s still a good weekly salary today

>>	Anonymous Sat Nov 28 22:33:21 2020 No.24372039 File: 49 KB, 360x393, ikneel.jpg [View same] [iqdb] [saucenao] [google] >Peter Shiff, I kneel

Anonymous Sat Nov 28 22:40:18 2020 No.24372140

at least if I buy gold and the price drops, I know someone can still melt down my coins and make electronics, dental fillings, jewelry, and art with it. the fuck is anybody going to do with bitcoin if the price drops? Nothing. It will drop all the way to zero.

Anonymous Sat Nov 28 22:40:42 2020 No.24372145

>>24371887
There are a handful of incredibly powerful entities that control Ethereum. You've just proven the case with your own example. Even simple changes are punishingly difficult to implement. Inept or otherwise naïve attempts at trying to make Bitcoin more scalable have been met with fierce resistance which is a feature, not a bug. No one wants less security in the most valuable digital asset and probably future store of value. Every fork dies, how could this be the case if they are better?

Ethereum is a great idea and project that is held back by an unending mass of unprofitable Rube Goldbergs. You have nothing of any value besides speculation. I do have high hopes for DeFi but it's the only hope you have.

Bitcoin already has a clear use market out in the world, that couldn't be any more obvious today. It's grossly undervalued and everyone knows it. Institutions are not investing in Ethereum, they are investing in Bitcoin. You can have a 2017 bullrun, but you'll never go to the moon with Ethereum until it earns even a sliver of its market cap.

>>	Anonymous Sat Nov 28 22:42:01 2020 No.24372170 >>24372140 >If gold drops in price it will be worth less >If Bitcoin drops in price it will be worth less Good argument.

>>	Anonymous Sat Nov 28 22:43:18 2020 No.24372186 https://twitter.com/PeterSchiff/status/1303009420713111553?s=20 Schiff fags can’t argue this

>>	Anonymous Sat Nov 28 22:43:19 2020 No.24372187 >>24372170 Gold won't drop to zero is my argument. (obviously)

>>	Anonymous Sat Nov 28 22:44:21 2020 No.24372203 File: 26 KB, 610x200, images - 2020-11-29T104347.862.jpg [View same] [iqdb] [saucenao] [google] Institutions are ran by boomers

>>	Anonymous Sat Nov 28 22:46:56 2020 No.24372255 >>24368324 Do silver too It's like 200% Be fair

>>	Anonymous Sat Nov 28 22:47:32 2020 No.24372267 File: 153 KB, 1170x1361, greetings.jpg [View same] [iqdb] [saucenao] [google] >>24372203 >philosopher A Sergey reference

Anonymous Sat Nov 28 22:47:46 2020 No.24372272

It’s clever tho schiff has captured the attention of crypto guys by constantly fudding, then he keeps the doomers happy saying btc is shit now his son shows up buying bitcoin and he conveniently pushes the crypto crowd to his son, he’s a good heel I’m convinced he only talks smack against btc to get more eyeballs

>>	Anonymous Sat Nov 28 22:50:13 2020 No.24372322 >>24372187 It would be unlikely that Bitcoin drops to zero. Even some fantastic 51% attack would simply fork the chain and you'd still have speculative order books, most likely forever. And such an crisis would take place over a long time.

>>	Anonymous Sat Nov 28 22:54:18 2020 No.24372403 >>24368324 Tsla is like 750% this year

>>	Anonymous Sat Nov 28 22:54:31 2020 No.24372412 >>24372322 if there are no buyers, it drops to zero. you had better hope there are always buyers for your digital ledger tokens that you can't do anything with except hodl or sell.

Anonymous Sat Nov 28 22:55:28 2020 No.24372428

>>24372272
I saw that same Twitter post with the son. It's a fairly transparent attempt at winning both ways - either he looks smart or his son does.

In the end, goldbugs are really similar to bitcoiners. In the event of a fiat collapse, both gold and Bitcoin would see meteoric rises. He plays the luddite card well, and devil's advocate. I think if you caught him alone (he has massive investments in gold as well as a company) with a few drinks in him, he'd be more friendly to Bitcoin.

>>	Anonymous Sat Nov 28 22:57:15 2020 No.24372458 Well the economy seems to be doing fine and gold seems to have gone down and its been 11 years. So why are people still listening to that boomer? Hes like donald trump, a sore loser.

Anonymous Sat Nov 28 23:58:59 2020 No.24373445
File: 93 KB, 937x583, Screen Shot 2020-11-29 at 12.57.27.png [View same] [iqdb] [saucenao] [google]

>>24372458
>Well the economy seems to be doing fine and gold seems to have gone down and its been 11 years.

>The economy seems to be doing fine

>Gold seems to have gone down and its been 11 years

Are you fucking retarded? what are you even doing on this website

Anonymous Sun Nov 29 00:56:03 2020 No.24374259

>>24367891

Schiff is frustrating. I wish he'd stop talking about BTC cause he really doesn't know shit about it. He's fine at ranting about how the Fed is the Great Satan and should stick to that.

BTC will have trouble due to government and their corporate goons' schemes, which is plenty of reason to be wary of it for the time being. Hardly anybody seems to understand or talk about that, though. Just nothin but idiots on both sides of the debate.

>>	Anonymous Sun Nov 29 01:27:40 2020 No.24374608 >>24370553 It’s just goldbugs that escaped their echo chamber pmg thread they get on here

>>	Anonymous Sun Nov 29 01:47:25 2020 No.24374801 File: 79 KB, 865x1036, BA6D1E4B-41FB-4FB0-B921-D53EB9C9DCF4.jpg [View same] [iqdb] [saucenao] [google] Imagine this board in 1636.

>>	Anonymous Sun Nov 29 01:57:52 2020 No.24374896 he does have a point here..

Anonymous Sun Nov 29 02:03:25 2020 No.24374947

>>24374801
>Tulips have inherent value *because* they have no value. You can only produce n+1/100 tulips every annum. They're very hard to grow in the northern european climate, you need chinese farmers to grow them in the wetlands. Gold is shit, you never know when a spanish treasure fleet will come back to the old world and devalue the florin from all that gold printing. Enjoy your boomer rocks.

>>	Anonymous Sun Nov 29 02:21:58 2020 No.24375113 >>24371122 Go out to the Kuiper belt and get yourself some free gold then.

>>	Anonymous Sun Nov 29 02:37:12 2020 No.24375266 >>24371121 >it's foolish to disregard the continued advancements in distributed ledger tech that have occurred since bitcoin's inception like what? Name a single thing that matters.

>>	Anonymous Sun Nov 29 02:44:06 2020 No.24375337 File: 9 KB, 214x235, nooo.jpg [View same] [iqdb] [saucenao] [google] >>24374947 NOOOOOOOOOO YOU CAN'T USE LOGIC

>>	Anonymous Sun Nov 29 04:06:08 2020 No.24376393 >>24374801 I missed the part where tulips retested their ath a few years later?

>>	Anonymous Sun Nov 29 04:13:41 2020 No.24376493 >>24367891 I’m beginning to think Peter works for the central banks all along

Anonymous Sun Nov 29 04:34:38 2020 No.24376756

>>24371893
No gold does not measure value perfectly.
It only measures the price the current world government wants it to have in order to print more useless fiat money.
There were not billions of human beings alive 100 years ago for almost the same amount of gold.
Today its value is 300 times less than what it should be considering the amount of paper gold being kept by investors...

>>	Anonymous Sun Nov 29 04:42:32 2020 No.24376829 File: 644 KB, 6000x3375, Glitch01-01.jpg [View same] [iqdb] [saucenao] [google] >>24367891 wait until stiffy schiff sees what Glitch does.

>>	Anonymous Sun Nov 29 04:44:20 2020 No.24376848 institutions already bought the bags lmao they could have had 1k btc like some fags like us who did in 2017 instead they had to buy around 10k

>>	Anonymous Sun Nov 29 04:47:24 2020 No.24376885 >>24367891 (((Sophisticated bag holders)))

>>	Anonymous Sun Nov 29 04:50:48 2020 No.24376933 >>24374801 >how can I fool myself using logarithmic charts

>>	Anonymous Sun Nov 29 04:55:02 2020 No.24376992 File: 33 KB, 929x501, bild_2020-11-29_105459.png [View same] [iqdb] [saucenao] [google] >>24368324 to be fair gold barely moves at all until it does

>>	Anonymous Sun Nov 29 04:55:51 2020 No.24377009 >>24370922 >The dollar price of gold going up is not the same thing as the dollar price of gold going up Yeah no. Tf you on about

>>	Anonymous Sun Nov 29 05:09:57 2020 No.24377210 File: 52 KB, 814x623, btcgold.jpg [View same] [iqdb] [saucenao] [google] If we use gold as measure of value in cuurent state than we have a healthy way to go for btc to meet 2017 mania valuation

Anonymous Sun Nov 29 05:17:19 2020 No.24377298

>>24367891
>>24376992
>>24377009
>>24374896
>>24374259
I got my stack btc and i'm convinced of its potential. Also i don't see that it wouldn't stand a comparisson against other assets, also gold has in a way "imagined" worth. It's people believing it and paying a price for it. That's all that is needed.
>But:
Don't you think BTC is really running in high danger of simply being prohibited? Central banks and governments imo have to react when the market cap hits a critical mass. Granting the people a way to escape forced inflation by monetary control would make them incapable of servicing the government debts. It would be the end of the system. Therefore they will react with prohibition.
>inb4 btc cannot be prohibited, my standpoint is clear: Of course it's decentralized and cannot be confiscated really. But what do you think what happens when it's simply outlawed? Making btc possession a crime would destroy the investment case for most people.I honestly see that scenarion coming. Governments must react or they risk losing monetary control which would mean the end of the system.
Also don't tell me this could never happen, indeed this happened anytime a currency defaults. Each time private ownership of gold was outlawed.
I'm excited to hear what your point of view is.

>>	Anonymous Sun Nov 29 05:26:50 2020 No.24377416 >>24377298 >Don't you think BTC is really running in high danger of simply being prohibited? Sounds like increase in price

>>	Anonymous Sun Nov 29 05:32:43 2020 No.24377474 >>24377416 I wouldn't see why the price should increase with that?

>>	Anonymous Sun Nov 29 05:38:17 2020 No.24377533 >>24371586 >Public ledger >Transactions are public Nice try, goy

>>	Anonymous Sun Nov 29 05:43:47 2020 No.24377601 >>24367891 He's literally shaking

>>	Anonymous Sun Nov 29 05:46:21 2020 No.24377628 >>24377298 Would some high iq anons please give their standpoint on that, it was effort to write that stuff together. Underag Idiots in here with attention spans of squirrels answering retarded half wisdom ruin every thread ffs.

>>	Anonymous Sun Nov 29 06:20:09 2020 No.24378019 >>24373445 it seems 11 years of down

>>	Anonymous Sun Nov 29 06:36:18 2020 No.24378194 >>24378019 Wud? You're arabic and read charts from right to left, correct?

>>	Anonymous Sun Nov 29 06:36:59 2020 No.24378202 >>24377298 Nothing will happen because if they outlaw it, they would get fucked hard and they know it.

Anonymous Sun Nov 29 06:39:21 2020 No.24378236

>>24378202
How would they get fucked? You mean civil unrest? Get out of the crypto bubble. The average joe doesn't hold any crypto, most people wouldn't give a damn. They don't need to envy anymore + they would be glad that this evil thing serving only criminals is gone.

Anonymous Sun Nov 29 06:54:06 2020 No.24378427

>>24367891
This is a fallacious argument.
Institutions are big and slow and bureaucratic. They don't just jump into the next thing partly because they are quite literally old, and don't 'get it' but moreso because they have to get a lot of different people all on the same page before they can do anything.
I also wouldn't classify Jack Dorsey, Michael Saylor, Chamath whateverthefuck, Paul Tudor Jones, Stan Druckenmiller, and the Winklevoss twins as anything but institutional as well as 'early' by varying degrees but essentially this is still early for Bitcoin and institutions are getting in.
This fucking kike is so salty and stubborn and just can't admit he was fucking wrong and he's been wrong for the last 10+ years. Gold is performing horribly and Bitcoin is on it's first leg up of many big leg ups for this bull cycle.
It's ok to be wrong but if you're wrong consistently for years and years and years and refuse to change your opinion all you've done is lost all credibility for yourself.
Peter Schiff is going to look like a fucking retard when BTC is 6 figures but when it goes from $200k to $60k he'll say 'Aha, see I told you so!" even though you'd have still 3X'd your money from this point until then.

>>	Anonymous Sun Nov 29 06:58:14 2020 No.24378468 >>24374801 lmao at the salty anti-btc people. BTC has no value? Good for you then that you dont own any. I made alrady a cuple of hundos while your retarded ass can't comprehend simple demand and supply lmao.

>>	Anonymous Sun Nov 29 07:05:43 2020 No.24378575 >>24368197 Thats because every other asset cant be used digitally as money, open 24/7, and held like a commodity. Bitcoin is not the stock market.

Anonymous Sun Nov 29 07:12:37 2020 No.24378660

>>24370254
Bitcoin is digital gold with 11 going on 12 years of existing. Gold has a more proven track record of millenia. You cant specifically compare the two in all aspects just because they are both scarce and are different forms of hard money. Bitcoin a banking service without a central authority.

Anonymous Sun Nov 29 07:20:43 2020 No.24378781

>>24372322
Gold can always be mined. Bitcoin requires mining to keep the network going. Both have their pros and cons. Bitcoin is special because you can build apps whereas gold its used more for its physical properties like stacking and in jewelry. Neither are perfect as everyday and instant cash. If you you raise the size of the blockchain, bitcoin can once again be used as cash. Blockstream with lightning network is not profitable for miners.

>>	Anonymous Sun Nov 29 07:25:39 2020 No.24378856 >>24376992 Gold chart is bitcoin but 50 years in 10 years. That first bubble is bitcoin in 2012 to 2014.

>>	Anonymous Sun Nov 29 07:30:04 2020 No.24378907 >>24374259 Monero is better than bitcoin in every way.

>>	Anonymous Sun Nov 29 07:31:16 2020 No.24378928 File: 627 KB, 782x782, 1586512395446.png [View same] [iqdb] [saucenao] [google] jew mad the goyim is making money without his filthy hands getting all over it

>>	Anonymous Sun Nov 29 07:39:01 2020 No.24379023 >>24378907 >Monero is better than bitcoin in every way. what he said

Anonymous Sun Nov 29 07:46:59 2020 No.24379146
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All you need to do is HODL bitcoin for 10 years dumb fuckos.

In the past bitcoin has had a 350% average yearly ROI. Over 10 years that kind of ROI compounded upon itself could turn a $10000 USD investment into a 34 billion dollar gains.

Now of course bitcoin will have lower volatility in the future so lets assume that maybe over the next 10 years the price of bitcoin will double yearly. or a 100% ROI.
In ten years from now a $10000 USD investment in bitcoin could be worth 10 million USD if we double yearly for the next ten years. 20000-40000-80000-160000-240000-480000-960000-1920000-3840000-7680000-15360000

If for the next ten years bitcoin does a 'mere' 2x every year for ten years bitcoin will be worth 15 MILLION USD, Is this unrealistic? Perhaps, Let's think this out with a 60% ROI yearly. or a 5% ROI every month on average.

At a 60% ROI yearly for 10 years a 10000 USD investment into bitcoin will be worth a million USD.

Now bare in mind this doesn't even account alt-coins and ETH that will grow AGAINST bitcoin, nor does it factor in services like blockfi that will give you a interest rate in bitcoin. So if you invested one bitcoin into blockfi for 10 years at a 5% interest rate in 10 years you would have 1.65 btc. Now if you times whatever your 10 year price projection for btc is by 1.65 you add another multiplier to your gains.

I you understand what I am saying their is literally no excuse to not be a multimillionaire ten years from now. People ten years from now will be looking back at this period right now and will be kicking themselves for not buying bitcoin and holding it.

Lets look at the 100% ROI ten year target for bitcoin that is 15 million USD, lets times that by the interest on bitcoin on a blockfi account this would equal 24750000 in gains just from letting one bitcoin sit on blockfi for ten years.

Even if you just let your bitcoin sit in a cold wallet for 10 years you could at worst have it 50x and at best experience a 750x

HODL

>>	Anonymous Sun Nov 29 07:49:41 2020 No.24379180 >>24369502 >gold >low risk If by that you mean "crashes with markets but doesn't recover with them"

>>	Anonymous Sun Nov 29 07:51:14 2020 No.24379208 >>24378236 The narrative would get blown to pieces thus civil unrest follows

>>	Anonymous Sun Nov 29 07:51:32 2020 No.24379215 >>24379146 bitcoin doesnt give compound interest

>>	Anonymous Sun Nov 29 07:53:01 2020 No.24379238 >>24377009 The dollar price of gold is not the same thing as amazon stock going up in dollar price. The dollar price of gold is irrelevant. Gold doesn’t derive its value from the dollar existing. In fact it was gold that gave value to the dollar.

Anonymous Sun Nov 29 07:57:47 2020 No.24379312

>>24379208
Ok, so you basically have no argument. Strict crypto regulation would certainly not cause civil unrest. The average person doesn't hold any. And concerning the narrative of which you speak, there is this narrative out there: btc is volatile, basically a scam and used to buy drugs and weapons on the dark net. Believe me, prohibition and regulation is the nr 1 enemy of btc and there will be a standoff.

>>	Anonymous Sun Nov 29 07:58:50 2020 No.24379328 >>24379146 What if >>24377298

>>	Anonymous Sun Nov 29 07:59:51 2020 No.24379343 >>24379312 It would create a sense of civil unrest, to be honest. It would piss off a lot of institutional investors and wealthy people if you made 10% of their billion dollar portfolio disappear.

>>	Anonymous Sun Nov 29 08:00:29 2020 No.24379350 >>24379312 People talking about bitcoin being a scam and that it's used to buy drugs and weapons on the dark net was a 2010 thing , nowdays we are looking at BITCOIN as the future of the financial system. Big differences and alot of things changed.

>>	Anonymous Sun Nov 29 08:02:13 2020 No.24379372 >>24379343 If wealthy people are adopting this, which they are, it is not a good idea to impose regulations causing them to lose wealth. Average person doesn't own any, but the average person doesn't own much.

Anonymous Sun Nov 29 08:02:26 2020 No.24379376

>>24379312
Of course they will try it, that's a nobrainer, but I'm just saying that it won't matter there's too much traction behind it and too much profits to be made for these people who "want to control it", I'd say the most probable play for tpbt is to release statements that push to price down once in a while so they can profit from it, and eventually let it fly. Like why wouldn't they do it when they can do it?

>>	Anonymous Sun Nov 29 08:07:23 2020 No.24379462 >>24367967 Nice

Anonymous Sun Nov 29 08:07:55 2020 No.24379472
File: 208 KB, 1236x1168, Pepe frog manly.png [View same] [iqdb] [saucenao] [google]

>>24379215
In USD it does.

If bitcoin goes from 10000 USD to 20000 USD that is a 100% gain.
If that 20000 USD goes to 40000 USD that is another 100% gain. As bitcoin increase in price the amount of ROI needed for your btc to be worth another $10000 USD is less. or example at a $1000000 USD per bitcoin a $10000 gain is a mere 1% move. and at $10000000 USD per bitcoin a $10000 gain is 0.1%.

This is what I mean by compounding gains. So if bitcoin on average increases by %100 a year for ten years you will see these crazy gains.

Anonymous Sun Nov 29 08:08:47 2020 No.24379483

>>24379343
There's a sense of civil unrest for a variety if reasons, look at france atm, but btc regulation won't bring normies up the barricades. In addition there could be semi regulations. The ecb is working on a e-euro atm. Rumors say they want to give investors the possibility to exchange their digital currencies to a regulated and more secure one. This could also get mandatory.
>>24379350 btc the future of financial system is not a scenario that is very valid. I assume btc will evolve into a solid wealth storage and way to escape monetary control until regulation hits. But i doubt it will ever become some kind of world currency. The reason is the same as gold isn't used as such.

>>	Anonymous Sun Nov 29 08:11:02 2020 No.24379514 File: 258 KB, 823x755, 1606404762372.gif [View same] [iqdb] [saucenao] [google]

Anonymous Sun Nov 29 08:13:16 2020 No.24379546
File: 18 KB, 525x478, 850.jpg [View same] [iqdb] [saucenao] [google]

>>24379146
Retards like you do not understand the law of diminishing returns for market cap and how diminishing market share dilutes the price of an asset in one sector

The only scenario where something goes up to the price you suggest is when it is used worldwide by the vast majority of the population. If the pool of fiat the asset is drawing from is tiny, which bitcoin is compared to fiat, then it's total market cap dictates it's max price, which will always be the total number in circulation / total holders.

Basically, for you to get to the price you're talking about, the majority of people in the world would have to hold bitcoin, ie bitcoin would have to flip fiat. Which i do not see happening within the next 10 years. 20-30 years? Perhaps. But not 10. Lets use worldwide spread of the internet as a model.

in 1990, around 2% of the population (100 million people) used the internet.

In 2019, 53.6% of the population ( 4.13 billion people) use d the internet.

Thats a 41.3x use-case over 29 years.

Currently 0.3% of the population use bitcoin.

With a similar use case over 29 years that would go up to 12.39% of the population using bitcoin.

You have to understand that price rises where the big bucks are. Its why wages increase in metropolitan areas, why house prices also increase etc. BTC is the equivilent of living in some backwater town of 100 people.

Adoption to new technology is painfully slow, and without use-cases the general population can understand and reap benefit from it will be even slower.
We are not even in the use-case stage for crypto at the moment. We are like investors in websites that arent even running on the internet yet.
We are early, perhaps a little too early.

Lets say that we do use 2007 as a starting reference for crypto, we do not reap the benifits of even 10% adoption for BTC for another 16 years.

Anonymous Sun Nov 29 08:14:09 2020 No.24379560

>>24379376
The traction would quickly disappear if it becomes illegal to hold any. All the guys sitting on profits would take them asap. Shit would get dumped into the ground. What stays left is a kind of low black market price for btc, things would develop quite slowly from that bottom. Don't misunderstand me, i'm absolutely pro btc, but i fear this game will be over when regulation comes which is inevitable. No one could convince me otherwise so far.

>>	Anonymous Sun Nov 29 08:15:29 2020 No.24379575 >>24379546 >total number in circulation / total holders apologies, i got that wrong , it would be market cap/holders

Anonymous Sun Nov 29 08:19:02 2020 No.24379631

>>24368021
That's all it is, and you just need get lucky once. Found a decent project and bought at $4, sold at $80. Watched all the moonbois fools enter and screech about it going to $1000 for a 10x and meanwhile here I am already at a 20x. Felt dirty in a way but who knows, maybe the project take off

>>	Anonymous Sun Nov 29 08:45:42 2020 No.24380020 This thread being at the bottom again shows the absolute state of \biz. A community of delusional shitcoin chasers not seeing the forest for the trees.

>>	Anonymous Sun Nov 29 09:25:35 2020 No.24380609 >>24372145 >Institutions are not investing in Ethereum, grayscale is buying ETH >but you'll never go to the moon with Ethereum until it earns even a sliver of its market cap. eth is already at 11% total marketcap

>>	Anonymous Sun Nov 29 09:39:24 2020 No.24380847 >>24377298 >Don't you think BTC is really running in high danger of simply being prohibited? it's as similar to being banned just like gold was in the great depression they don't like it when there's good money floods out their bad money

>>	Anonymous Sun Nov 29 09:40:15 2020 No.24380859 >>24377298 just read the rest of your post and i jumped the gun forgive me i woke up 10 minutes ago

>>	Anonymous Sun Nov 29 09:43:15 2020 No.24380906 >>24380020 The delusional shitcoin chasers make biz what it is and me $30k over the summer while your pseudo academic hurr durr gives me nothing of value

>>	Anonymous Sun Nov 29 09:43:54 2020 No.24380918 >>24371128 Yes I too want to "store my value" in an inflating asset.

>>	Anonymous Sun Nov 29 09:55:12 2020 No.24381069 how bitcoin is centralized that more than 40% hashing power is from china and more than 70% mining devices are produced in china?

>>	Anonymous Sun Nov 29 10:09:21 2020 No.24381299 >>24380906 Congrats pajeet to 30000 rupiahs. And sorry for trying to exchange arguments. Also appologize for my intellectual hurr durr in the form of complete sentences.

Anonymous Sun Nov 29 10:12:30 2020 No.24381349

>>24380847
Ok, so you agree with my scenario. We'll have to hit rock bottom first due to regulation and probation. From there it creeps out and develops to a finally established form of wealth storage, maybe in a more stable monetary environment, maybe after a currency reset.

>>	Anonymous Sun Nov 29 10:17:50 2020 No.24381440 >>24380918 Gold is an inflating asset for you?

>>	Anonymous Sun Nov 29 10:32:59 2020 No.24381688 >>24381440 hes from the future where precious metals are blast mined from other planets kek

>>	Anonymous Sun Nov 29 10:35:40 2020 No.24381736 >>24381688 Yeah i mean he may be right in a way. Gold is mined, so it's not a fixed amount as btc. Still a very hard currency though.

>>	Anonymous Sun Nov 29 10:45:23 2020 No.24381897 >>24381349 >Ok, so you agree with my scenario. probably. i could see them trying to ban it in the future, because a global currency that they don't control is the last thing they want

>>	Anonymous Sun Nov 29 10:48:49 2020 No.24381962 >>24367967 this

>>	Anonymous Sun Nov 29 10:53:23 2020 No.24382049 >>24367891 >If so, this would be the first bubble in history where little guys get in early and sophisticated bag holders arrive late to cash them out. Does this man know anything about stocks or precious commodities or ANYTHING?

>>	Anonymous Sun Nov 29 10:59:26 2020 No.24382155 >>24367891 that moron has unironically FUDed bitcoin since it was 10$

>>	Anonymous Sun Nov 29 11:03:13 2020 No.24382227 >>24368948 Anon we need a greentext

>>	Anonymous Sun Nov 29 11:52:08 2020 No.24383242 >>24367891 based

Anonymous Sun Nov 29 11:54:05 2020 No.24383280

>>24368021
Everything is this. Buying property is this, but I have to pay these fees anyway when buying a house because it's a ponzi. Don't buy a house. Don't do anything. Real estate is more a gamble/bubble with more volatility than Bitcoin.

Bitcoin works in cycles.

>>	Anonymous Sun Nov 29 11:54:21 2020 No.24383288 >>24368827 because they can make it, retard. they’re dumping their bags on you.

>>	Anonymous Sun Nov 29 11:56:08 2020 No.24383316 >>24368957 gold loses value because it’s inflationary. it only APPEARS to gain value because it’s measured against the even more inflationary usd.

>>	Anonymous Sun Nov 29 11:58:48 2020 No.24383371 >>24367891 LebAnon here not just defending Bitcoin but goddamn motherfucking cryptocurrency where is gold when I can't withdraw my savings? where is gold when I am fucked by hyperinflation fuck schiff, his kid is kinda redpilled though

Anonymous Sun Nov 29 12:00:32 2020 No.24383403

>>24371332

bitcoin mining is centralized in the hands of four wealthy chinese miners. if you really believed in decentralization then you'd be more excited about xmr, since it's truly asic-proof. and being asic-proof, mining will tend toward areas with cheap/excess power, rather than into the cadre of chinese asic/btc tycoons.

you probably can't think about this objectively if you have a vested interest in bitcoin.

i appreciate trustlessness, but i think that many other distributed ledgers offer trustlessness to a similar extent.

with the switch to eth 2.0, ethereum will have raised the standard for mainstream cryptos. people will expect fast, low-cost transactions.

>>	Anonymous Sun Nov 29 12:04:14 2020 No.24383475 >>24371270 I never thought of this what the fuck. I wonder how many pushers got unbelievably rich and just told their friends “I invested in bitcoin”

>>	Anonymous Sun Nov 29 12:05:01 2020 No.24383490 >>24367891 Didn't read but why is this gold shilling jew still going on about crypto? Move on already. No one born after 1990 gives a shit about a fucking rock lmao

Anonymous Sun Nov 29 12:07:18 2020 No.24383522

>>24367891
I just don't understand how Peter Schiff is thinking. So he realizes Fiat is worthless and will eventually collapse and this collapse sooner than we imagine.
Yet at the same time he claims that people will "cash out" Bitcoin. Into what? He himself doesn't believe in Fiat. If Fiat disappears, Bitcoin will become the true money everyone will have to use. There is no fear of missing out, it will be the thing left to use to trade in a global economy where people need to be able to transfer wealth to trade.
Petet Schiff makes every argument there is that proves that Bitcoin will eventually take over, yet he is adamant about calling Bitcoin a scam. Why? I'm pretty sure at this point he just wants to keep people out for as long as possible so he can accumulate.

>>	Anonymous Sun Nov 29 12:07:42 2020 No.24383534 File: 646 KB, 1800x674, coinlet.png [View same] [iqdb] [saucenao] [google] bros...

Anonymous Sun Nov 29 12:12:05 2020 No.24383623

>>24383403
>with the switch to eth 2.0, ethereum will have raised the standard for mainstream cryptos. people will expect fast, low-cost transactions

Lol. First of all Ethereum will have to show that PoS is actually a viable system to trust all over again. Proof of Work has been showing it's working for 12 years. PoS Ethereum is like a new coin. Expect huge price volatility with it. Any bad news regarding Ethereum will dump the price more than before. And guess where the money of Ethereum goes when they lose trust in a PoS coin

>>	Anonymous Sun Nov 29 12:12:09 2020 No.24383626 >>24372412 This same concept goes for gold you shitbag. There will always be buyers for bitcoin since it isn’t always traceable and you can do shady shit with it

>>	Anonymous Sun Nov 29 12:13:38 2020 No.24383655 >>24367891 Literally every blockchain media and even mainstream media talking about the historic increase of companies buying Bitcoin. OP BTFO

>>	Anonymous Sun Nov 29 12:14:40 2020 No.24383678 >>24383371 This

Anonymous Sun Nov 29 12:16:50 2020 No.24383713

>>24372403
Yeah, but that's one stock. Most people don't go all-in one stock because "you can't beat the market" if you rely on it for your entire life. Tesla was an amazing investment. Ford wasn't. Same goes for crypto. As far as bitcoin goes, it's the most popular crypto with a much better record than traditionally "safe" investment strategies, despite being "risky". I think that's what the image was supposed to convey.

>t. guy who holds crypto but not bitcoin

>>	Anonymous Sun Nov 29 12:18:37 2020 No.24383756 Comparing gold to cryptos is like comparing a donkey to a ferrari in a race. What fucking idiot is going to pick the donkey other than the central bankers trying to psyop you with fake news into holding the wrong shit

Anonymous Sun Nov 29 12:19:50 2020 No.24383774

>>24383371
>his kid is kinda redpilled though

Yeah nah, his kid does everything daddy says. He probably told his kid to buy Bitcoin so he has something to fall back on when Gold fails. That's the real scummy thing about him. He'll sell rocks to boomers telling them they are the only chance they have to beat inflation, while at the same time telling them Bitcoin is a scam so that they won't buy that which could potentially kill the gold market, all the while he himself sits on a stack of Bitcoin

>>	Anonymous Sun Nov 29 12:22:19 2020 No.24383827 >>24383623 >And guess where the money of Ethereum goes when they lose trust in a PoS coin probably xrp/flare, since they do not run on pos but are still very efficient.

Anonymous Sun Nov 29 12:24:18 2020 No.24383868

>>24371128
You can make this exact same argument with bitcoin, for what it's worth. I genuinely believe the majority of people who legitimately fud bitcoin (and crypto as a whole) are salty they missed out, or salty that it wasn't "their" asset. In 2017 you had 20-somethings making as much profit as their parents' and grandparents' portfolios made over the course of decades. Of course the "established" investors are going to hate it. It's a massive threat to people like Schiff because it's lucrative competition, and he's been wrong at just about every turn. The final words of the people following these hacks will be "ponzi scheme", lacking the awareness to understand the irony of their beliefs.

>>	Anonymous Sun Nov 29 12:25:26 2020 No.24383895 >>24371015 And what makes you think crypto influencers are in any different?

>>	Anonymous Sun Nov 29 12:26:57 2020 No.24383933 >>24383678 thank you >>24383774 I don't use twitter I just saw some of his posts but thank you for the insight lol like warren buffet; I;m pretty sure he has some fat stacks

>>	Anonymous Sun Nov 29 12:29:43 2020 No.24383995 >>24367891 I lost my money buying gold Never again. Scam

Anonymous Sun Nov 29 12:36:13 2020 No.24384131

>>24383868
>I genuinely believe the majority of people who legitimately fud bitcoin (and crypto as a whole) are salty they missed out

You probably don't realize how much you hit the nail on the head with that. It's not just Goldbugs but Altcoiners that FUD Bitcoin for this exact same reason. They use the same arguments too. They are so adamant about Bitcoin being a scam because every day is a reminder to them that they are wrong. True scams die quickly. You just need to look at any 2017 coin that popped up and was shilled by altcoiners. All dead. Sure there were one or two gems but the point is these dead alts are what it looks like when a coin ACTUALLY has no future. They'll just die quietly and you'll never hear from them again

>>	Anonymous Sun Nov 29 12:37:14 2020 No.24384146 File: 241 KB, 1059x1000, IMG_20201129_183633.jpg [View same] [iqdb] [saucenao] [google] >>24383995

>>	Anonymous Sun Nov 29 12:57:52 2020 No.24384560 >>24383995 Same Worthless shit. Crypto is the future and precious metals will never back a currency again so i don’t get the point. Meanwhile I made back my losses on litecoin and xrp. Never touching metals again

Anonymous Sun Nov 29 12:58:42 2020 No.24384577

>>24384131
Agreed. I'm a linktard but only because I believe I can get better profit margins and passive income with link easier than I could with bitcoin. If I had a job in 2017 (student), I 100% would have been investing into bitcoin. Every day more and more people see the upside to bitcoin, especially when you point out that you could have gotten $3k-ish bitcoin this year back in march.

Anonymous Sun Nov 29 13:12:06 2020 No.24384872

>>24370362
>>24370517
These are valid points as to what institutions are thinking, at least I believe. I can't think of another asset class where it was people first that got in and something. But it was also said before that Satoshi/Craig Wright or whoever invented it, people like Vitalik and Sergey, are now what you'd consider modern day institutions as they're the ones with the control over a particular asset. And you argue the guy that created Uniswap has some hand in it since he runs the most popular exchange along with coinbase. Institutions are just merely taking a different form. On one hand it's exciting watching a brand new asset class evolve, but on the other hand it's all FOMO because as of now the only working case is flipping shitcoins amongst ourselves using an exchange ran by some homosexual unicorn aficionado and swapping for them using a coin ran by a cat shirt wearing homosexual. Institutions are weary of that.

>>24370922
This is exactly why I stay with PM. Although there is even some speculative play to be had in metals with silver since it's widely known JPM and other firms have suppressed it's actual value. Plus it's easier to stack and get your hands on. Of you want your money to beat inflation for the long haul and know you're in it for the long haul metals are the safest thing possible to invest in. You can speculate all you want on crypto, but it's an absolute casino at this stage with nothing backing it as a currency and no real use case aside from aforementioned homosexuals in charge of how it evolves.

>>	Anonymous Sun Nov 29 13:17:27 2020 No.24385000 >>24384872 >And you argue the guy that created Uniswap has some hand in it since he runs the most popular exchange along with coinbase. Uniswap is governed by its users

>>	Anonymous Sun Nov 29 13:20:03 2020 No.24385048 >>24367891 When the power grid goes down, my gold will still be here. Cryptocucks can’t even cope anymore https://en.m.wikipedia.org/wiki/Carrington_Event

>>	Anonymous Sun Nov 29 13:20:06 2020 No.24385052 You could hold alcohol or pokemon cards and make better returns than precious metals do

Anonymous Sun Nov 29 13:25:06 2020 No.24385137

>>24385048

it's a good point against digital currency in general. you don't want the economy grinding to a halt because a few computers are inoperable. barter works well enough way out in the sticks but i can't even imagine how cities would cope in such an event.

Anonymous Sun Nov 29 13:27:56 2020 No.24385178

>>24385048
I remember when I was in school and we had a school game to play in the stocks market. I tried to shill buying Google stocks and people used the same argument to say that Google was worthless and if the power is out Google becomes non existant. We should invest in real companies like Mercedes or Audi.
Google ended up being the best performing stock in the time period we played the game and we lost the competition and missed out on a real monetary price.
I'll never forget that and it was the first lesson I ever learned about investing: Don't listen to these dumb ass arguments. Only listen to people that explain to you why something has potential and why it will grow.

>>	Anonymous Sun Nov 29 13:28:47 2020 No.24385198 >>24370774 Beat me to it

>>	Anonymous Sun Nov 29 13:30:19 2020 No.24385218 >>24385178 what function do you suppose that bitcoin will have in the future? you're comparing apples to oranges here.

>>	Anonymous Sun Nov 29 13:31:36 2020 No.24385243 >>24385137 Yeah its an excellent point its not like the world will stop working if computers go down!

>>	Anonymous Sun Nov 29 13:33:15 2020 No.24385275 >>24385218 the same function that the bank that paid my grandfather 5% on his savings account did.

Anonymous Sun Nov 29 13:38:54 2020 No.24385369

>>24385243

we'd be in serious trouble if that ever happened. well, you might be. most people living in cities would starve to death. you can bet nobody would attempt to truck in food in the middle of social chaos, if they're not getting paid and their trucks barely work. billions of people would starve within weeks because of overpopulation and the needless digitization that pervades our culture.

>>	Anonymous Sun Nov 29 13:42:10 2020 No.24385430 >>24385369 cont. and it could all be averted if we stuck with PMs, whose value does not depend on the state of an external system, be it centralized or decentralized.

Anonymous Sun Nov 29 13:51:56 2020 No.24385641

doesn't seem like these solar events are that few and far between either. wouldn't bother me though. i still live a bit too close to a major city for comfort but i hope to move out into a different state at some point so i'll be insulated from the unholy powder-keg of social disorder that our cities are being transformed into by self-styled progressives and psychopathic bankers.

Anonymous Sun Nov 29 14:10:58 2020 No.24386031

>>24385218
Bitcoin serves as a store of liquidity. It's money in your bank account. It's liquditiy reserves on a company's balance sheet.

It's quite and simply money in it's purest and truest form that works without intermediary and completely trustlessly

>>	Anonymous Sun Nov 29 14:26:23 2020 No.24386305 >>24385430 Why don't you try shilling PMs to luddites in person instead of on a digital platform dedicated to anonymity, media and NEETs?

>>	Anonymous Sun Nov 29 14:31:48 2020 No.24386413 >>24383288 >you can make gold 3 radiated atoms per year. yes. you can.

Anonymous Sun Nov 29 14:56:48 2020 No.24386881

>>24385641
I think in 2011 or 2012 there was a gargantuan solar flare that only missed earth by a couple of days, it’s statistically 100% certain that a solar flare WILL hit earth within a matter of decades, the only thing that’s uncertain is the magnitude of it and the effect it will have on the world

>>	Anonymous Sun Nov 29 15:01:14 2020 No.24386988 >>24386305 i'm not shilling them. most people ignore me anyway. i'm not against digitization in general, but i think we rely too heavily on computers.

Anonymous Sun Nov 29 15:05:35 2020 No.24387081

>>24368021
results are all that matters. not one of you doomer faggots has ever answered me this; lets say BTC IS a scam. Why arent you jumping on the bandwagon to dump on retards that fomo? All it takes is a few news articles and a month of holding more than 20k per btc before we see another golden bull, so essentially youre betting against human greed by not buying in.

unless there is some retarded reasoning involving a moral dilemma in which case you shouldnt be investing

Anonymous Sun Nov 29 15:08:11 2020 No.24387144

>>24386881

judging by how long they typically last it wouldn't be hard to survive one with a bit of preparation. the biggest danger would undoubtedly be starving hordes of urbanites exiting the cities. most of them are unarmed though, and not likely to be welcome outside their urban bubble.

>>	Anonymous Sun Nov 29 15:10:29 2020 No.24387193 >>24387081 unless properly timed, this strategy could be disastrous. i'd rather just buy things i know are valuable or will be.

>>	Anonymous Sun Nov 29 15:13:09 2020 No.24387261 >>24387081 Bitcoin is a Ponzi scheme. The people that get into a Ponzi scheme early are the ones that make all the profit. The people that get into a Ponzi scheme late are the ones that lose all their money

>>	Anonymous Sun Nov 29 15:15:40 2020 No.24387326 >>24387261 all of investing is a ponzi. everyone buying in cheap in hopes it's worth more in the future

Anonymous Sun Nov 29 15:19:05 2020 No.24387402

>>24387326
That’s true, except most people that buy gold buy it as a DEFENSIVE asset instead of an offensive one. They’re not looking to make a lot of money on gold, they’re using gold to secure the wealth they’ve already made through their job or other types of investing, because the know hyperinflation is a distinct possibility and their dollars will be worthless, while gold will always have value

>>	Anonymous Sun Nov 29 15:21:59 2020 No.24387481 >>24387402 probably when bitcoin hits 250,000 i'm going to sell one bitcoin to buy a couple pounds of gold and the rest silver

>>	Anonymous Sun Nov 29 15:23:40 2020 No.24387537 https://seekingalpha.com/article/4391845-global-inflation-watch The clock is running out. Do your best anons.

Anonymous Sun Nov 29 15:28:32 2020 No.24387671

>>24387193
Fair enough but this is just a matter of opinion on risk at that point, personally I don't factor extremities into my investment decision making process because I like high risk high reward.

>>24387261
Life is a ponzi, people who get in early on something always rake in more profits than people that come in later in almost every faucet of life. The question is whether or not this ponzi is a scam, I propose that even if it IS a scam it doesn't matter because I'll gladly dump my bags on idiots when the time is right. And the time will be right for me when a single BTC is worth over $100,000, which I give a 70% chance or so of happening within the next year.

Anonymous Sun Nov 29 15:29:16 2020 No.24387691

>>24387326
It is not a ponzi to buy a share of some company and hold it indefinitely to collect dividends. It is not a ponzi to buy gold to consume it to make something. And it is not a ponzi to buy gold and then sell it to someone who wishes to consume it either. Bitcoin which pays no dividends and cannot be consumed is a ponzi. What is so hard to understand about this?

>>	Anonymous Sun Nov 29 15:30:13 2020 No.24387717 >>24367891 how many companies took forever to hop on the dot com wave? fuck off peter schit

>>	Anonymous Sun Nov 29 15:31:52 2020 No.24387766 >>24387691 This

>>	Anonymous Sun Nov 29 15:34:54 2020 No.24387845 >>24387691 ponzi is money coming in to pay the old holders if people stop buying stock/gold/crypto the ponzi collapses

>>	Anonymous Sun Nov 29 15:37:49 2020 No.24387922 >>24387845 But gold is tangible and has real world uses, stocks and crypto do not

>>	Anonymous Sun Nov 29 15:41:44 2020 No.24388003 >>24370150 this is completely wrong. fiat works fine, money printing is only a problem if you long fiat. if instead you put your excessive fiat in stocks or bonds you have no problem.

Anonymous Sun Nov 29 15:43:24 2020 No.24388046

>>24387691
Investments and ponzies aren't set by your arbitrary definitions of what they are. BTC isn't even a ponzi by definition because for something to be a ponzi older holders would be getting paid profits in some form on top of their holdings from new holders. BTC obviously doesn't do this, it's a speculative investment like buying anything else and expecting it to go up or remain stable in value. The only reason boomers don't like it is because it can't be consoomed in some fashion like you describe, in which case the same could be said for FIAT currency, trading cards, or anything that has a perceived value based solely on the human imagination. The only two differences between gold and bitcoin are that bitcoin is digital, and gold is used to create electronics. I suppose a third argument could be that gold is theoretically unlimited in some alternate reality where humans finally have space travel whereas bitcoin cannot have more than 21 million in existence.

But you want to know what? All your bitching about technicalities won't keep you from getting priced out when a single BTC is worth more than your house and the zoomers/millenials start cashing out while you still wageslave buying shiny rocks. Like I said in an earlier post, what you're doing is betting against human greed and collective positive thought. Pretty foolish if you ask me

Anonymous Sun Nov 29 15:44:21 2020 No.24388070

>>24387845

stocks is not a ponzi, even if my stocks go to zero it literally doesn't matter because I still get payed dividens. I will use those dividens to buy more stocks for almost nothing and at some point I will recieve billions a day in dividens.

Fuck now I do hope all my stocks go to zero.

>>	Anonymous Sun Nov 29 15:45:27 2020 No.24388099 >>24388070 >even if my stocks go to zero it literally doesn't matter because I still get payed dividens Unless the company goes bankrupt, in which case you can sell all your stocks for par value which is $0.001

>>	Anonymous Sun Nov 29 15:47:30 2020 No.24388160 >>24388099 why would the company go bankrupt? we are talking about the valuation of the stock and how it's dependent on new investors not the performance of the company.

Anonymous Sun Nov 29 15:48:42 2020 No.24388197

>>24367891
>the first time in history
Absolutely. Which is exactly why it’s going to be the catalyst for the most dramatic transfer of wealth in history. No longer will “sophisticated bag holders” keep the little man in chains. These types of people are scared and acting out damage control. Savour their fear, it will make the kill all the more delicious.

>>	Anonymous Sun Nov 29 15:49:22 2020 No.24388215 >>24388160 If a stock goes to zero that probably means the company went bankrupt, in which case you won’t get payed any dividends

>>	Anonymous Sun Nov 29 15:50:43 2020 No.24388261 >>24388215 no it doesn.t a company goes bankrupt when it's bussiness model doesn't generate any cash flow and expenses can't be covered. stock price has nothing to do with it.

>>	Anonymous Sun Nov 29 15:51:37 2020 No.24388291 >>24387922 create a company that turns gold into computer parts to mine crypto with and pay a dividend to the shareholders cover all bases

>>	Anonymous Sun Nov 29 15:53:19 2020 No.24388339 >>24388261 >stock price has nothing to do with it. with these current P/E ratios little of the income of the company has much to do with current prices

Anonymous Sun Nov 29 15:55:25 2020 No.24388404

>>24388339

certain sectors have very stretched valuations I agree, I buy sectors that are very cheap and make decent buck.
this has nothing to do with what we are discussing though. there are plenty of companies that are cheap, generate good cash flows and pay fat dividens. you don't have to buy Tesla at PE 150 there are other stocks.

>>	Anonymous Sun Nov 29 15:58:22 2020 No.24388477 >>24388404 >plenty of companies that are cheap, generate good cash flows and pay fat dividens What company on the stock market currently pays the highest dividend?

Anonymous Sun Nov 29 16:00:19 2020 No.24388528

>>24371009
>Bitcoins marketing is that its literally the new gold. But there was never any issue with gold in the first place.

Yes there was. It's hard to move and it's not easy to use it because it's hard to divide it in small enough parts to actually buy anything with.

>>	Anonymous Sun Nov 29 16:04:38 2020 No.24388638 >>24388404 >this has nothing to do with what we are discussing though i know i'm just an offtopic shitposter, don't mind me much

>>	Anonymous Sun Nov 29 16:12:47 2020 No.24388861 >>24388528 > It's hard to move and it's not easy to use it because it's hard to divide it in small enough parts to actually buy anything with. That’s what silver has always been for, day to day transactions

>>	Anonymous Sun Nov 29 16:27:06 2020 No.24389153 >>24370719 Pretty sure anyone with the foresight to get into miners in 2008 got plenty rich.

>>	Anonymous Sun Nov 29 16:31:24 2020 No.24389259 This is the best thread on biz rn... also, >>24379514 Thanks doc

>>	Anonymous Sun Nov 29 16:32:45 2020 No.24389300 >>24367914 Literally.

>>	Anonymous Sun Nov 29 16:34:39 2020 No.24389346 paid boomer shill

>>	Anonymous Sun Nov 29 16:52:00 2020 No.24389717 >>24371887 You're an absolute retard. The ETH monetary policy has been changed repeatedly by even single developers.

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