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

/biz/ - Business & Finance

View post   

File: 36 KB, 471x452, bitcoin.jpg [View same] [iqdb] [saucenao] [google]
25189174 No.25189174 [Reply] [Original]

How the fuck can anyone convince themselves that this thing is a good store of value? It's far too volatile.

>> No.25189238
File: 84 KB, 300x300, pepehands.png [View same] [iqdb] [saucenao] [google]

cope harder, nocoiner faggot

>> No.25189281

I'm not even coping, Bitcoin as a technology has been a net positive for the world. Some Argentinian family isn't going to put their life savings into Bitcoin if it might dump 30% though.

>> No.25189284
File: 103 KB, 1080x1080, blow.png [View same] [iqdb] [saucenao] [google]

focus on the tops ignore the bottoms

>> No.25189302

put money in, money gets more if you hold longer than 3 years.
now tell me, can you say the same about stocks, gold, anything?

>> No.25189313

>be gay niggerfag
>do nothing 12 years
>miss out

>> No.25189321
File: 19 KB, 500x500, topkek2.jpg [View same] [iqdb] [saucenao] [google]

good point, they'd rather keep it in their local currency that can be completely worthless the next day

>> No.25189342

If you put money into either stocks (actually good ones, not the boomer equivalent of shitcoins) or gold you would be in profit right now, yes.

>> No.25189352

>goes up 360% annually
>oh no it can dump 40% any time for a few weeks!!

>> No.25189374

I hate when my stored value goes up 100x because of volatility.

>> No.25189382

great point

>> No.25189400

Lol everything is better than peso argentino.

>> No.25189449

Btc was lower than that in 2020 you absolute cretin

>> No.25189481

look at monthly close lows my nigga ignore the wicks for a hodler the mean nothing

>> No.25189486

This, it was like 3.8k or some shit

>> No.25189505

The main reason for thevolatility is speculation and price discovery. If/ when Bitcoin becomes a well-established store of value volatility (and speculation) will decrease.

If gold was an entirely new concept/ asset class (nothing like it in the past) and was "released" today it would be insanely volatile too.

>> No.25189516
File: 252 KB, 1200x1200, 1607489645206.jpg [View same] [iqdb] [saucenao] [google]

You had 11 years to dyor


>> No.25189527

how did this dude get so many bitcoins?

>> No.25189530


>> No.25189604

back when they were cheap they sold bags like that at the dollar store
feel like a real idiot not stocking up on those

>> No.25189678

fucken hell, I had to pay $24000 each for mine to big steve. Also those look shiny and new, mine are brown and have some pubes stuck to them

>> No.25189687
File: 215 KB, 898x1600, EkVjR3iXcAAnKv1.jpg [View same] [iqdb] [saucenao] [google]

>focus on the tops ignore the bottoms
hahaha I agree. but I thought this was /biz/ not /lgbt/?

>> No.25190399

and which one is that? i'm not well versed in your subculture.