/biz/ - Business & Finance

[Anonymous No.25323227]

Bitcoin has no value. It is useless 1s and 0s with no use in the real world. Investing in bitcoin means you speculate that someone will pay more for your useless 1s and 0s, this is why shitcoiners always shill their bitcoin, they need more idiots to buy bitcoin otherwise the value of their investment tanks. The entire rationale of the shitcoiners investment is that someone else will fall for the fraud. That somewhere out there, there is a greater fool. It is utterly unethical and any ”institution” participating in this scam should get their ass handled by the authorities.

[Anonymous No.25323268]

>>25323227
Yes yes and money is just pieces of paper. Get real retard.

[Anonymous No.25323282]

>>25323227
so its like every fiat currency in the world then then, very cool gonna buy more

[Anonymous No.25323290]

>>25323227
>t. midwit

[Anonymous No.25323369]

What's the "value" of one rupee?

[Anonymous No.25323379]

>>25323227

cope, you had 12 years

[Anonymous No.25323388]

>>25323227
you had 12 years.

[Anonymous No.25323468]

>>25323268
>>25323282
No, fiats are issued by government. By law business have to accept fiat. I can do many things with fiat, pay bills, buy stuff and so on. I can’t do that with shitcoin, it is an unecessaey intermediary between the buyer and seller, it will never catch on as a way of payment, it is too slow and volatile to work properly as a means of exchange, so you can’t compare fiat with bitcoin. Bitcoin is useless but fiat is by law useful, regardless of what you think of that law.

[Anonymous No.25323499]

[Anonymous No.25323501]

Every currency that became widely used was shit on at the beginning. Most fiat money is created and accounted for digitally (useless 1s and 0s) to my knowledge.

[Anonymous No.25323558]

>>25323468
No one is going to spoon feed you nigger. You had 12 years and could be a millionaire by now if you had listened before.

If that’s not enough to make you listen now, you are a faggot and a retard.

[Anonymous No.25323626]

>>25323558
You had 12 years and you're still not a millionaire

The difference between me and you is I don't believe in autistic internet money

[Anonymous No.25323664]

>>25323626
Faggot and a retard confirmed.

[Anonymous No.25323705]

>>25323626
Someone somwhere didn't believe in autistic videogames. Now the industry is more than the music industry and film industry combined.

[Anonymous No.25323730]

>>25323227
It's a new paradigm, and everybody who doesn't buy, now, will be priced out forever. Anybody who does buy will be rewarded with a lifetime of riches, as their bitcoin will continue its 30% monthly price increase.

Nocoiners, and anybody born in a future generation, will not be able to afford a $10,000,000 satoshi in 15 years. They will live in tent cities, and Hondas.

This asset bubble is different than all of the others - it will never slow down, or pop. The gains are permanent.

[Anonymous No.25323761]

>>25323227
It's okay anon, some (i.e. most) people were simply born to never make it. it's not your fault you're retarded, stop trying so hard to cope.

[Anonymous No.25323783]

>>25323626
You fucking idiot. This place has made millionaires out of many people. I started in this game about 8 years ago and turned 10k into 500k and thats all because I'm a retard and made some dumb mistakes. All you had to do was listen. If you can't see the writing on the wall at this point, not a soul in this world is going to be able to help you and you are going to stay fucking poor. I can literally buy plane tickets and groceries with Bitcoin. Paypal now deals in crypto, major banks are in partnerships with crypto developers. I can't believe I have to explain this to you I mean seriously how fucking retarded are you? This is your last chance. You can quit being a retard or you can stay poor. I don't give a fuck either way but I do want you to remember this moment. I want you to think back on this post. I want it to be the last thought that goes through your head before you put a bullet through it.

[Anonymous No.25323787]

>>25323705
Video games have a purpose which is entertainment. This is already one more purpose than cryptocurrency

[Anonymous No.25323794]

>>25323705
Video games had a very clear purpose and use in society. It therefore had a value and how great that value is really just depended on how widespread this form of entertainment would get. Bitcoin on the other hand has no use. Nobody does anything with bitcoin, it is therefore only useless 1s and 0s. Video games on the other hand have a clear utility and so is not useless 1s and 0s.

[Anonymous No.25323803]

>>25323730
this but unironically

[Anonymous No.25323839]

>>25323787
If you dont find entertainment in shitcoins then why are you even here? This is literally the primary hobby of a good amount of /biz/ posters. Who are you to say that video games are more entertaining than crypto? I hate vidya

[Anonymous No.25323859]

>>25323664
>ywn be a millionaire
>>25323783
You like every other cryptard ended up turning it back into fiat. Congrats on duping someone but at the end of the day you end back up with real money

[Anonymous No.25323869]

>>25323227
>>25323227
>>25323227
>>25323227
THIS.

Imagine thinking something you can split into a MILLION pieces is scarce. ROFL

[Anonymous No.25323901]

Everything in life is meaningless if you reduce it to its bare composition, anon.

[Anonymous No.25323943]

>>25323783
In every scam someone makes money. By the time this scam have collapsed most of you will have lost money. By then I hope you can learn to live with yourself, that you called us who tried to warn you of Bitcoin ”fucking idiot”. We spent our own precious time trying to save you and you were so caught up in the bubble that you couldn’t see it for what it is.

[Anonymous No.25323944]

>>25323859
>>You like every other cryptard ended up turning it back into fiat. Congrats on duping someone but at the end of the day you end back up with real money
>"Ha ha loser all you did was make money, take that idiot!"

[Anonymous No.25324043]

software has no value, it's just ones and zeroes. Why must anyone pay money for something that doesn't even exist in the real world

[Anonymous No.25324102]

>>25324043
Software have a value if there is a use for it in the real world. If it has no use, then it has no value.

[Anonymous No.25324106]

>>25323227
Because central banks are buying gold and suppressing the price. Bitcoin is merely a tool for misdirection

[Anonymous No.25324179]

>>25323227
Facebook has no value
Google has no value
Microsoft has no value
Netflix has no value
visa and Mastercard have no value
PayPal has no value
osx has no value
4chan has no value

its just 1s and 0s

[Anonymous No.25324183]

>>25323859
>turning it back into fiat
the plan is to never turn it back into value-collapsing fiat and have to pay the tax jew. if I need cash I'll take loans out against my bitcoin

[Anonymous No.25324214]

>>25324102
>t. never bought cheap generic drugs from pajeets using BTC
you can unironically save a fuck ton of time and money if you do this.

[Anonymous No.25324245]

>>25324179

[Anonymous No.25324298]

>>25324245
Your post has no value

just 1s and 0s

110110010110100101

[Anonymous No.25324377]

>>25324214
I can buy cheap pharma using my mastercard. I don’t need shitcoins for that.
>>25324298
Only a complete moron can fail to see the difference between a token that is purchased only to ”hold” and a software that people are using to for instance make stuff or entertain themselves.

[Anonymous No.25324436]

>>25324183
>value collapsing
Whatever will I do about the 1% inflation? And the Fed is trying to... DOUBLE IT!

[Anonymous No.25324481]

>>25324377

People are using bitcoin software to store and transfer value.

[Anonymous No.25324513]

>>25323227
It's only a matter of time until crypto is widely accepted as a payment method.

[Anonymous No.25324515]

>>25324377
The vendors I use give me 30% discount with BTC

[Anonymous No.25324616]

>>25323227
OP is missing out on the greatest bullrun of all time.

press S to spit on OP

[Anonymous No.25324933]

>>25324481
You can’t store value in something that has no value. Your argument is circular.

[Anonymous No.25325008]

>>25323227
Free floating currency has no value. It is useless polymers with no use in the real world.

[Anonymous No.25325087]

>>25324933
clearly the people paying $29K per coin don't agree that it has no value

[Anonymous No.25325202]

>>25325087
They are fools who believe there is a greater fool who will buy their shitcoins.

[Anonymous No.25325225]

>>25323227
hfsp

[Anonymous No.25325277]

>>25323227
T. A no coiner

[Anonymous No.25325288]

>>25323468
>No, fiats are issued by government.
Ok? What value does that assign?

>By law business have to accept fiat.
Sure, but they don't have to accept a certain amount.>>25323468

>Bitcoin is useless
If enough (rich) people decide that they want to store the value of their labor in BTC, or any other thing, it has value.

USD just has more widespread adoption. Buying BTC is essentially a philisophical vote that you wish to store value on bitcoin

[Anonymous No.25325335]

>>25323468
Do you, nigger, seriously believe all this verbal diarhea that you just had here??? I mean like srsly?

[Anonymous No.25325361]

>>25323227
You're a useless sack of meat.

[Anonymous No.25325378]

>>25324933
>>25325202

Value is subjective. If people pay for something then they value it. It's not up to you to determine what other people value.

[Anonymous No.25325382]

>>25325202
The USD supply increased 25% but people are still buying it at the same price. Holding that's an example of expecting to sell to a greater fool.
Holding real estate or bitcoin is holding scarce resources that demand for will increase as prosperity and population does while also retaining value in possible disaster situations.

[Anonymous No.25325384]

Meanwhile back in reality BTC is about to hit 29K. Get fuckin Jewed.

[Anonymous No.25325548]

>>25323227
>Gold has no value, it’s just a bunch of molecules

[Anonymous No.25325648]

Gold

>doesn't disappear if you forget your PIN number
>can't be made from thin air
>is very hard and expensive to destroy
>isn't beholden to any government
>can't be pumped by tether-jews
>has been the #1 standard of value for millennia, competing with a short list of other precious metals
>doesn't have a transaction limit

Ponzi shitcoins have no advantage over gold other than if you're too weak to carry it around.

[Anonymous No.25325671]

OP just salty he couldn't get in earlier lol.

[Anonymous No.25325733]

>>25323282
i dont have to beg someone to unload fiat. is biz retarded?

[Anonymous No.25325782]

>>25325548
You can use gold for tons of stuff you fucking idiot. Jewelry, circuitry, etc..

[Anonymous No.25325845]

>>25323227
>no value
It's actually worth like $27000, in actual fact.

[Anonymous No.25325850]

>>25325648

>Securely and anonymously transferring any amount of value, anywhere in the world within minutes and without intermediaries

>No advantage over gold

[Anonymous No.25325866]

>>25325648
You're talking to a bunch of retarded faggots who are unironically the mindless greed seen before every collapse in history

[Anonymous No.25325922]

>>25325648
>can be physically lost
>you can technically make gold using the same resource you use to make bitcoin, electricity. It's just that it's too expensive and suns already premined huge amounts.
>an individual can destroy your gold though, nobody can destroy your bitcoins
>has been confiscated before by the US government
>price is constantly manipulated
>it's true that gold is more established
>the transaction rate is more limited and insecure, I have to send large amounts on boats that can sink or be robbed

[Anonymous No.25325984]

>>25323227
>Silver has no value. It is useless block of metal with no use in the real world. Investing in silver means you speculate that someone will pay more for your useless metal, this is why silvershits always shill their silver, they need more idiots to buy silver otherwise the value of their investment tanks. The entire rationale of the shitsilver investment is that someone else will fall for the fraud. That somewhere out there, there is a greater fool. It is utterly unethical and any ”institution” participating in this scam should get their ass handled by the authorities.

[Anonymous No.25325988]

>>25325288
Fiat is issued by governments and businesses must by law accept fiat as payment for goods. This means there is a use for fiat and where there is use there is value.
>If enough (rich) people decide that they want to store the value of their labor in BTC, or any other thing, it has value.
Please tell what use there is for bitcoin, that creates a value that you can store wealth in. If all you can come up with is ”bitcoin has value because it’s store of value” then you’re literally saying ”this has value because it has value”. It is nonsensical circular logic.
>USD just has more widespread adoption. Buying BTC is essentially a philisophical vote that you wish to store value on bitcoin
The dollar is the government issued currency of the largest economy in the world. By law every good and service in that country has to accept the dollar as payment. To say that the difference between the dollar and bitcoin is only philosophical is just nonsense.

[Anonymous No.25326032]

>>25325382
Real estate has a real value because it has real use. You can live in a house or appartment, you can’t do anything with bitcoin.

[Anonymous No.25326057]

>>25323227
Yes, everyone knows it's a ponzi. Most people are going to lose money on bitcoin.
As western civilization is collapsing scams are going to be widespread. Outside of being a dev in few American cities it's increasingly impossible for normal people to ever make it by working, which is why people gamble just to get a fleeting hope

[Anonymous No.25326088]

>>25323227
The dollar is just a piece of paper backed by the government and they can print whenever they please. Please tell me how something with infinit supply has any value.

[CLF Chad No.25326117]

Agreed and based

[Anonymous No.25326120]

>>25325988
>you’re literally saying ”this has value because it has value”

That's literally true nigger

Why does paypal/visa/venmo/western union have value? Because it transfers value

Why does gold/silver have value? Because it stores value

Crypto transfers value , and stores value.

[Anonymous No.25326221]

>>25325988
Americans are really this retarded huh?

[Anonymous No.25326225]

>>25325648
you forgot to mention the part where gold is being manipulated like crazy because of paper gold so banks can just keep it from getting too expensive.
Also if the gold price rises guess what you can always mine more gold

[Anonymous No.25326252]

>>25326032
I can trade it and lend it. In a simplified world a trader with a wagon full of goods and a radio connection to a secure ledger would outcompete all the other traders. The problem of coinage isn't some new thing, it never really worked that well. Gold backed or whatever, progress was always retarded by liquidity issues and fraud which a reliable ledger + decentralized lending solves.

[Anonymous No.25326316]

>>25326032
you can transfer 100 million worth of bitcoin to anyone in the world and no goverment and bank can stop you

if you cant see the value in that you are dumber than i thought

[Anonymous No.25326403]

>>25323944
>"Ha ha loser all you did was make money, take that idiot!"
You're kinda proving his point here though, if you think btc's only purpose is to be converted back into "real" money at some point.

[Anonymous No.25326448]

>>25326120
Gold and silver have end uses that gives them value. Most of the gold and silver are used to create products you sell. If everybody bought gold simply to hold you would soon see a bubble formed followed by a collapse of that bubble. Nothing has value in itself. Bitcoin have no use other than what you call ”to store wealth” you clearly misunderstand then why gold/silver have worked decently as store of value. Well a few people use Bitcoin do buy illegal stuff, but that’s not a lot of real value to store your dollars in, and USD just has more widespread adoption. Buying BTC is essentially a philisophical vote that you wish to store value on and quite frankly the use of bitcoin by criminals is a weakness not strenght.

[Anonymous No.25326646]

>>25326316
I have already acknowledged the use of Bitcoin by criminals, however I also said that it isn’t enough to support the current levels and that it long term is a liability.

[Anonymous No.25326752]

>>25326448

>Gold and silver have end uses that gives them value.
The utility of gold does not justify it's price. There are other metals that are shiny and attractive, that we don't pay thousands of dollars an oz. There are other metals that can conduct electricity, that we don't pay thousands of dollars an oz. Gold's value is derived primarily from it's usefulness as money.

>Most of the gold and silver are used to create products you sell.
Most of the gold is held in vaults, to store value.

>Buying BTC is essentially a philisophical vote that you wish to store value on and quite frankly the use of bitcoin by criminals is a weakness not strenght.

Anything can be made criminal on the whims of a tyrannical government. It doesn't make it inherently wrong, immoral, or whatever.

But yes, you're right, crypto's first adopters were primarily libertarian types that distrust governments, arguably for good reason.

[Anonymous No.25326774]

>>25323468
Considering niggers break the law all the time, believing in the rule of law is unironically more retarded than believing in bitcoins

[Anonymous No.25326946]

>>25325984
stop being retarded. Silver also has real world uses. OP is retarded tho

[Anonymous No.25327123]

>>25325984
>Silver has no value. It is useless block of metal with no use in the real world.

[Anonymous No.25327125]

I love reading nocoiner cope when btc rises

[Anonymous No.25327355]

Your bank account has no value. It is just 1's and 0's on a computer. And you may say it has value because it can be exchanged for USD, but so can BTC.

[Anonymous No.25327640]

>>25326316
All they have to do is ask nicely to give them all your bitcoin (saying no is against the law): https://ngm.com.au/seizing-bitcoin-guide/

[Anonymous No.25327658]

>>25326752
>The utility of gold does not justify it's price. There are other metals that are shiny and attractive, that we don't pay thousands of dollars an oz. There are other metals that can conduct electricity, that we don't pay thousands of dollars an oz. Gold's value is derived primarily from it's usefulness as money.
There are other metals than gold that can be used for jewelry, just as there are other stones than diamond, but they are not equally demanded by end customers, so they are not equally demanded by jewelry producers. I haven’t said gold is worth it’s current price. Those who buy gold at these levels are simply playing the same greater fools game as shitcoiners. Gold isn’t useful as money. I can’t buy anything with gold, except fiat. If we returned to a gold standard then yes I suppose you could say a lot of golds value would be as money.
>Most of the gold is held in vaults, to store value.
50 % is in jewelry, then there’s gold in central banks which is a remnant from the gold standard age. It is not newly aquired ”to store value” it is there because once it backed all money in circulation, and since the gold price collapsed down to $200 dollars/oz when England sold their gold centrals banks have agreed not to sell more than a smaller amount. Of course if there were a return to gold standard then that gold would become a lot more valuable. It’s funny because I guess you are right in a way, the central banks do store gold in vaults to ”store value” ie they do it to prevent a total market collapse + perhaps as a strategic reserve in case there’s a fiat meltdown. In such a scenario we would most likely return to the gold standard, as it is already tested and proven. But it’s unlikely to happen. More likely they just create a new fiat.

[Anonymous No.25327811]

>>25323730
>The gains are permanent.
what if people decide "yeah, not going to buy that"
Then what?
Where do you exchange your bitcoins into money?
What if all the banks said "yeah, we are not going to exchange bitcoin into money"
you are left with monopoly money. And these scenarios are very real

[Anonymous No.25327953]

>>25323468
>MUH GOBERNMENT

[Anonymous No.25327982]

based as fuck
but I would watching biz melt down every time their internet monopoly money tanks

[Anonymous No.25328039]

>>25327658
>There are other metals than gold that can be used for jewelry, just as there are other stones than diamond, but they are not equally demanded by end customers, so they are not equally demanded by jewelry producers.

So what you're saying is, it has value because it has value.

[Anonymous No.25328058]

>>25323227
buy signal

[Anonymous No.25328124]

>>25323227
based, we need to ban this shit crypto. Its useless, has no value and even worse it wastes resources.

We shouldn't be spending hard earned valuable money "mining" crypto. We should be doing what we have always done. The ethical way. The good way. The standard. The best of the best for everyone. Paying gold miners $8 an hour to spend their live in a dark hole finding ore veins they aren't allowed to touch. That is the real way to do it!

[Anonymous No.25328237]

>>25323468
Utterly retarded gorilla nigger. The bitcoin can just be sold for that oh so useful fiat and then I can buy all sorts of things. Odds are that I can buy more with the fiat I earned from buying, holding, then selling the useless bitcoin for the super useful fiat than those who didn't buy any useless bitcoin. If the bitcoin is so useless then how am I buying more shit because I have more fiat after selling it for fiat? It really makes no sense to me, anon. Please explain, senpai!! How can I make fiat money from something that is useless like bitcoin. HOw did it happen? I am looking at fiat in my bank account and I don't understand how it could have got in there if the buttcoin is so useless.

[Anonymous No.25328263]

>>25323227
you can’t own anything as much as you own cryptocurrency. every other scarce thing you own can ultimately be taken away by decree, you must consent to give your bitcoin away. there is also no other asset that can be transported in such high value quantities without any physical presence.

[Anonymous No.25328279]

>>25323227

You had 12 years lel

[Anonymous No.25328318]

>>25323227
>>25323468
fucking based and notdeludedpilled

[Anonymous No.25328338]

>>25323227
https://www.lookintobitcoin.com/charts/pi-cycle-top-indicator/

PI Cycle top is telling us that the top is not yet in yet. The top is rapidly approaching, but not in yet. I expect another 2 to 7 months before the top is found.

https://www.lookintobitcoin.com/charts/
Here, boys. Stare at charts with me. We can make the price go up if we stare collectively and will it so.

https://www.lookintobitcoin.com/charts/rhodl-ratio/
Here is dat rhodl chart. Once again, I am seeing 3 to 6 months before the top. RHODL shows that it can be fast, about a month or so to the top. But average time from past cycles shows that we are looking at more than a month, and surely less than one year.

[Anonymous No.25328469]

>>25323369
>What's the "value" of one rupee?
20 yards of linen.

[Anonymous No.25328488]

>>25323468
I just sent 2000 $ to my family on the other side of the world using "shitcoins." It was instant and with no commissions. They exchanged it for fiat in P2P in less than an hour. Banks simply can't compete.

There's also Venezuela in which merchants are increasingly accepting crypto as the local currency has become useless.

[Anonymous No.25328705]

>>25328039
The original value of gold of course dates back from a time when we couldn’t make such alloys. That it still remains valuable to end customers is really just cultural/traditional and how customers want the ”real” gold rather than the man-made gold.

[Anonymous No.25328722]

>>25327123

6% is used in jewelry and silverware. That's useless!

[Anonymous No.25328758]

>>25328705

"man made gold"

What's that ?

[Anonymous No.25328810]

>>25328705
>gold
>alloys
>man-made gold

[Anonymous No.25328980]

>>25328758
Different alloys of cheaper metalls that minic the shine and color of gold, such as ”Nordic gold” which is used in coins and such.

[Anonymous No.25329061]

>>25323227
anon, you had almost twelve years, kek

[Anonymous No.25329460]

>>25325988
>>25326032
my God, just shut the hell up retard. Just give up debating on this, you're hopeless.

[Anonymous No.25329516]

>>25326448
>gold and silver are valuable because you can make products with them
HAHAHAHAHHAHAHHAHAHAHAHAHHAHAHAHAHHAHAHAHAAA

[Anonymous No.25330179]

>>25329460
Are you a woman?
>>25329516
Are you 13 years old?

[Anonymous No.25330286]

>>25323468
Are you mixed or just stupid?

[Anonymous No.25330428]

>>25329516
>>gold and silver are valuable because you can make products with them
This is the case as it is with all metals. Precious metals are the most expensive due to supply and demand. Gold is somewhat rare and difficult to find and occurs in smaller quantities than say iron for steel which is basically everywhere.

[Anonymous No.25331022]

>>25330428
Useless rare elements cost even more because there's no reason to extract them on a massive scale.

[Anonymous No.25331238]

>>25331022
Please do tell more about these useless elements that are more expensive than gold.

[Anonymous No.25331299]

>>25331238
Fermium
>need to set off a nuke to get it
>get a few micrograms of fused thermium for your trouble
>it disappears in a few months

[Anonymous No.25331354]

>>25323730
the top is well and truly in. utter delusion and i own 10-20 BTC

[Anonymous No.25331458]

>>25331022
Yes. I don't think this really refutes my argument for why precious metals have value though. By the way, I don't own any gold or have any interest in doing so.

[Anonymous No.25331480]

>>25324245
They have value because they hold tangible assets, intangible assets and intellectual properties. retard now fuck off back to Linux

[Anonymous No.25331529]

>>25326057
This

[Anonymous No.25331530]

>>25323227
Actually OP btc has a value of $28,730.17
Idiot

[Anonymous No.25331533]

>>25323227
Based.

[Anonymous No.25331602]

>>25331299
Who bought fermium and at what price?

[Anonymous No.25331700]

>>25331530
>Doesn't know the difference between value and price
>Calls others idiots

[Anonymous No.25331741]

>>25326117
Sorry for my ignorance but why is this stock performing so well?

[Anonymous No.25331765]

>>25323227

Fiat is 1’s and 0’s except you can create infinite amounts of it

[Anonymous No.25331766]

>>25327811

These were real possibilities when Bitcoin was $0.02 - not $30,000

[Anonymous No.25331785]

>>25323227
With crypto, at one point you will HAVE to proove you are not manipulated. Otherwise it's only government fiat #2.

I bet on Monero. Fuck you government employee, you are ugly.

[Anonymous No.25331794]

>>25327811
Read about game theory, at this point it’s really not on retail level. More sovereign wealth fun/hedge fund//institution level. And they will buy every single coin available before making its adoption widespread. Banning it will only set countries back technologically, and thus Bitcoin will hold the world hostage and accountable for their fiat sins

[Anonymous No.25331840]

>>25323227
Question: If Dollar prices make no sense anymore and you pay 10000 bucks for a cup of coffee, what will you do when the only working economy is people buying and selling stuff in Bitcoin?

[Anonymous No.25331873]

>>25331794
You are delusional.

[Anonymous No.25331929]

>>25331840
It’s an interesting scenario, well in that case I guess I would just skip buying that cup of coffee, waiting 1 hour for the transaction to go through isn’t worth it.

[Anonymous No.25331992]

>>25331873
>21 posts by this ID
at least I’m not coping, also anyone who said this thing would go from $0.01 to $28,800 10 years ago would be called utterly insane beyond delusional. Wake up

[Anonymous No.25332008]

>>25325202
But people will buy it, so they're not fools at all are they?
There is literally no reason why Bitcoin is anything other than gold, but better. It has all the same values, and none of the drawbacks.

[Anonymous No.25332039]

>>25331929
Bitcoin will never be the first layer of financial transactions, it will be the base. You wouldn’t carve out a piece of gold and weigh it and sell it to buy a cup of coffee. Does this simplify it enough for your stupid brain?

[Anonymous No.25332116]

>>25332039
If only there was a standard subdivision of gold in which things could be valued, maybe in the form of a cylinder, maybe with the picture of the head of state on it to verify its authenticity

[Anonymous No.25332117]

>>25331929

My god, it's like the more you scream and shout, the lower Bitcoin will go... Keep typing and coping, I wanna buy some more for a lower price

[Anonymous No.25332159]

>>25332116

Dude let's go back to trading shiny rocks

[Anonymous No.25332164]

>>25331840
If the water level rises by 10,000 feet and we have to live on islands, what kind of fish will you catch and what style will you swim?

[Anonymous No.25332181]

>>25332008
Bitcoin has no real use, and so it has no value, and so it is not comparable to gold.

[Anonymous No.25332195]

>>25323268
Money is mostly 1s and 0s too

[Anonymous No.25332203]

>>25332159
I have a better idea - let me tell you about this concept called fiat currency

[Anonymous No.25332258]

>>25332181
Gold has no real use. Nothing used as a currency has real use, otherwise it wouldn't be used as currency.

[Anonymous No.25332263]

>>25332039
You just said buying and selling stuff in bitcoin. And my answer is i rather not wait 1 hour to get my coffee served.

But it is good that you understand bitcoin is useless as a means of exchange, then you understand (almost) that bitcoin has no real use. That it is useless.

[Anonymous No.25332274]

>>25323227
Ford knew more about Bitcoin in 1921 than you do in 2021.

Please neck yourself and abstain from reproducing.

[Anonymous No.25332316]

>>25332008
I'm with you. I agree with nocoiners that day btc has no instrinsic value, because it legitimately doesn't and must it the be anons that argue otherwise literally don't understand what value means.

That said, I think it's a great flutter and I have some money riding on it. But, ultimately we're playing a game of musical chairs here that certain circumstances could stop the music at a time. This isn't like buying google or unilever or something.

[Anonymous No.25332338]

>>25332258
But gold does have a real use. I suggest you visit a jewelers store, you see it is used in the real world, unlike shitcoins, which are just circus tokens basically.

[Anonymous No.25332352]

>>25332263
You are literally too fucking stupid to exist, I’m more convinced than ever Bitcoin will surpass $1m and midwits like you will still be stuck on
>muh coffee

[Anonymous No.25332401]

>>25332203

Dude that's a good idea paper will be easier to carry around than gold

We can even make more paper than we have gold ... No one will know the difference hehe

[Anonymous No.25332412]

>>25332352
Oh, so btc won’t be the means of exchange when fiat collapses?

[Anonymous No.25332425]

>>25332116
Fiat values end up collapsing too rapidly, to the point where the metal coins themselves would get diluted with shit metals. It’s how the Roman Empire fell from a financial perspective, read some history

[Anonymous No.25332509]

For every dollar earned on bitcoin, a dollar has been lost in bitcoin

[Anonymous No.25332526]

>>25332316

Here's the redpill

Nothing has intrinsic value

To a man dying in a desert, a bottle of water has more value than a mountain of gold

The value of anything depends on circumstances and goals and the goals of people around you who are willing to trade with you

[Anonymous No.25332542]

>>25332258
>Gold has no real use.
Literally false. It's a somewhat rare metal with various industry uses, do it's quite valuable even discounting its use as an investment commodity. It's basically the same as brent crude in this regard.
>Nothing used as a currency has real use, otherwise it wouldn't be used as currency.
Exact opposite historically. The first currencies were grain and livestock. Later came difficult to obtain but useful metals (gold and silver are easy to work with with pre-industrialisation technology).

[Anonymous No.25332562]

>>25332412
No, it’ll be the base settlement layer. You will not directly transact Bitcoin, but likely some form of inflatable/fast currency like Nano or a CDBC coin. Again, the gold standard was introduced because gold itself is difficult to exchange on a physical basis, and Bitcoin on a throughput basis. Do some research for godsake, people like me will have to continue educating retards like you who don’t see the big picture.

[Anonymous No.25332563]

>>25323227
thats like saying the internet has no value because it's "useless" 1's and 0's . The 1's and 0's are useful if you know what to do with them.

[Anonymous No.25332583]

>>25332164
You think that can't happen? Is has happened before. It is happening right now other countries. We're on the verge of it happening to us.

https://www.pbs.org/wgbh/commandingheights/shared/minitext/ess_germanhyperinflation.html
>So the printing presses ran, and once they began to run, they were hard to stop. The price increases began to be dizzying. Menus in cafes could not be revised quickly enough. A student at Freiburg University ordered a cup of coffee at a cafe. The price on the menu was 5,000 Marks. He had two cups. When the bill came, it was for 14,000 Marks. "If you want to save money," he was told, "and you want two cups of coffee, you should order them both at the same time."

>>25331929
Would you rather wait for payment and pay 14000 thousand bucks for a cup of coffee you order for 10000? (See above)
If you've actually ever sent a Bitcoin before you'd actually know that you can see Bitcoin transactions almost instantly. Only the confirmations take a while though not an hour, 10 minutes. But even if the network was clogged, you'd just wait for the confirmation, not the payment. When you pay with a debit or credit card you are also not instantly sending money, people right now wait for 2 days until money is transferred.

[Anonymous No.25332598]

>>25332526
Of course, but we're talking about in the real world not thought experiments. Not really a redpill so much as stating the obvious.

[Anonymous No.25332615]

>>25323227
solar flare

[Anonymous No.25332743]

>>25332425
>too rapidly
>fed can't even hit 2% inflation despite using everything up to and including turning on the money printer
kek

>>25332583
I can tell you're under 18 because the 70s and 80s must seem like ancient history to you, but there used to be this magical time when we had double-digit inflation and yet nobody seriously considered dropping the US dollar. And nobody's going to consider dropping the dollar while it's the world's reserve currency

[Anonymous No.25332795]

>>25332583
It takes 10 minutes today, in a future of mass adopted buttcoin however it will take 10 hours.

[Anonymous No.25332832]

>>25323227
name a single means of exchange with actual value

[Anonymous No.25332855]

>>25323626
>You had 12 years and you're still not a millionaire

[Anonymous No.25332901]

>>25332743
>I can tell you're under 18 because the 70s and 80s must seem like ancient history to you
This is one of the biggest weaknesses with /biz. People that talk about doomsday scenarios and hyperinflation are too shortsighted to realise that we (in the west) live in one of the most stable and uneventful periods of human history.

[bollocksanon No.25332919]

>>25332338
>But gold does have a real use.

[Anonymous No.25332925]

>>25332743
>he believes in the numbers the criminal organization known as the Fed are true
you realize that real estate and other inflationary assets are not factored into CPI right? But as long as you can buy baked beans everything is okie dokie

[Anonymous No.25332937]

>>25332526
The value we discuss is of course the market value on ”the” market.

[Anonymous No.25333005]

>>25332743
>And nobody's going to consider dropping the dollar while it's the world's reserve currency

Well what if that changes?
https://www.wsj.com/articles/king-dollar-is-abdicating-and-thats-ok-11609326180

>>25332795
As I said it doesn't matter. You can see the transaction on the blockchain instantly. There is also lightning network

[Anonymous No.25333050]

>>25332743
>fed can't even hit 2% inflation despite using everything up to and including turning on the money printer

Read that sentence again. Does it make sense to you? Do you not find it weird?

[Anonymous No.25333060]

https://youtu.be/mQUhJTxK5mA

[Anonymous No.25333098]

>>25323227
>cryptoschizos defending a double digit percent rally on the news that a shitty dotcom dinosaur took on convertible debt to buy bitcoin in a bid to seem trendy

pic related is thread

[Anonymous No.25333119]

>>25323227
You know what OP, I did some thinking and you’re right! Fiat is clearly the better currency. Never has Fiat ever collapsed. Never has fiat ever lost all its value in a small period of time. Clearly the safest way to store value. You got it OP!

[Anonymous No.25333156]

>>25333005
> The problem is that zero-confirmation transactions are insecure and can make the merchant vulnerable to a double spend. Thus not many people accept zero-confirmation transactions even though they’re very fast.

> So two confirmations equal approximately 20 minutes.

[Anonymous No.25333189]

>>25333119
Some Fiats have lost all its value in a small period of time, and some havnt. The exact same thing goes for Crypto. Remember Bitconnect?

[Anonymous No.25333208]

>>25332795
In fairness to the cryptoschizos, this could be remedied to some degree by modifying the protocol but I don't think that's likely to happen anytime soon

[Anonymous No.25333322]

>>25332925
>believing the Fed is a criminal organization
There's a reason the US dollar never loses 20% of its value overnight

>>25333005
This article isn't saying countries are going to drop the dollar as the reserve currency. It's saying the dollar may weaken in exchange to others, since the exchange rate has favored the US in the last 5 years compared to say the 2000s. The euro is a distant 2nd but it has its own problems, and I can't see western countries trusting the chinks enough to shoot RMB to the top of the list

>>25333050
Bigger savings especially by the banks. If you make a bunch of money but nobody actually uses it then you don't get inflation.

https://medium.com/alpha-beta-blog/where-is-all-the-inflation-264ffed52450
https://medium.com/alpha-beta-blog/where-did-all-the-money-printed-through-qe-go-2da88e644b14
Medium articles but the next best explanation is directly from the Fed and I'm not trying to have the well preemptively poisoned

[Anonymous No.25333419]

>>25333189
Yes, the exact same thing goes for crypto. Fiat and crypto both can collapse in value. It’s almost as if OP’s whole argument about Fiat being intrinsically valuable and safe and not a scam vs crypto having no value and being unsafe and being a scam makes no sense.

In fact I would go as far as to say Bitcoin is FAR LESS likely to collapse when compared to essentially any fiat. Most fiat is only relied on by one nation. Bitcoin is used in every nation in the world.

You can make the argument over and over Bitcoin COULD collapse. Yes, it could. But how would this happen? When? Why? How would nearly thirty thousand USD of value collapse? Because you believe everyone with BTC is just holding?

Lots of people pay for things in BTC, not even including criminal activity. I pay for things online in BTC, because I can and because my bank should mind their business.

[Anonymous No.25333478]

COPE MORE, NOCOINER

[Anonymous No.25333480]

Bitcoin is by far the most overvalued "asset" anyone has ever seen. it's only utility is as a medium of exchange -- you can "hold" it (not really though, you are just withholding a secret key from others), buy it, and sell it. that is the same as literally any asset. Everything is a medium of exchange. except other assets have other uses too. Which makes them more valuable than bitcoin. one day the buyers are going to run out and Bitcoin will crab. and when the whales realize it's not going up any more, they will sell. hopefully you see it before they do because then the whole thing is coming down fast.

[Anonymous No.25333485]

>>25333156
If you don't trust a nigger, make him sit there until there's two confirmations. If you do, let him go and bet on the fact that he isn't fleeing the country over a cup of coffee. As I said not different from current system. Currently people wait 2 work days till the money is there

[Anonymous No.25333517]

When all governments turn their eye onto bitcoin and begin regulation what happens next?

[Anonymous No.25333595]

>>25333480
Why would a whale ever sell if they can just use Bitcoin as a collateral and live off of loans from his Bitcoin instead if it should ever crab again? DeFi is a thing now

[Anonymous No.25333599]

>>25333419
>you can buy bitcoin in any country blah
you can buy usd in any country too

[Anonymous No.25333721]

>>25333419
>USD backed by full might of the US military
>BTC backed by the fact that it's finite

I made a unique splatter art painting out of my shit, it's one of a kind and cannot be recreated (i.e. finite). $100b market cap when?

[Anonymous No.25333739]

>>25333189
Bitconnect was a scam but then again so is fiat since its controlled by jews

[Anonymous No.25333754]

>>25333599
Yes, ignore the rest of the argument and hyper focus on one part because you know you’re too retarded.

Nocoiner cope

[Anonymous No.25333812]

>>25333480
Even if it's true, it's useless to say this now.

Everyone's in maximum FOMO mode, calculating "jesus for every $1000 i put in march i get $7000 back now!!!"

I saw the exact same thing in my country's share market, except it was glove stocks, and they went up 10-16x. Still hasn't popped, either.

[Anonymous No.25333850]

>>25333595
it will be easier to sell the BTC to some fool than to sell a bond backed by BTC to some fool.

[Anonymous No.25333963]

>>25333419
an EMP or solar flare or global internet outage would btfo crypto lmfao
your little wallets would be fried lol

[Anonymous No.25333964]

>>25333850
You... don't understand how that works huh? You put your Bitcoin in a smart contract and loan a Stable Coin and turn it in for a Dollar instantly. No need to sell. Loan is infinite. If you don't pay back loan smart contract gets to keep Bitcoin. People at this point will never ever sell their Bitcoin anymore

[Anonymous No.25333982]

>>25333721
> I made a unique splatter art painting out of my shit, it's one of a kind and cannot be recreated (i.e. finite). $100b market cap when?
As soon as you turn it into an NFT and find a buyer, anon.

[Anonymous No.25334013]

>>25333963
Am literally a computer scientist: yeah no...... that’s not how that works.

[Anonymous No.25334062]

>>25323227
>what is money

[Anonymous No.25334104]

>>25334013
it literally is lol

[Anonymous No.25334211]

>>25332274
This is so fucking based

[Anonymous No.25334276]

>>25333964
Yes I understand. you still have sold what is effectively just a bond and you need a buyer for that. wealthy people didn't stop selling their assets when bonds got invented.

[Anonymous No.25334325]

>>25323227

[Anonymous No.25334447]

>>25323227
>Investing in bitcoin means you speculate
no shit

[Anonymous No.25334855]

>>25323626

Some anon back in 2010 thought bitcoin was useless so he gave his to me randomly. 271.something bitcoins. I got those for fucking free and I get to have real money in real life. So it's fucking real.

[Anonymous No.25334935]

>>25332338
>indian dowries and urban bling are the use case....
not really selling it....

[Anonymous No.25335133]

>>25334855
Lucky, nice one anon.

[Anonymous No.25336426]

>>25323705
no retard videogames are only more than cinema, not home video

[Anonymous No.25337192]

>>25331741
It’s the beginning of the years of steel part 2. I think the first rising was 2008ish, and this stock was up to $150. It’s got nowhere except higher to go. Just bought two other companies; when it acquired those it went from only being a mining company to one that can go from extruding the ore in the ground to processing and manufacturing the steel. Came out bullish last week and raised price for a rolled sheet $200 higher just because it could.

[Anonymous No.25337310]

>>25337192
Oh ok. It is a buy then.

[Anonymous No.25337372]

>>25323783
based
the post

[Anonymous No.25337430]

>>25323558
Oldfag here and he is right. We've already dumped our bags on you newfags.

[Anonymous No.25337534]

>>25334855
What did you sell them for? Or are you still holding any? Also that’s really awesome. Talking about being at the right place at the right time

[Anonymous No.25337562]

>>25333963
No need for EMP. Local wallets will be cucked with bureocracy soon:

https://www.bnnbloomberg.ca/treasury-proposes-cracking-down-on-virtual-currency-transfers-1.1538749#.X94QLtVzV5k.twitter

First they'll circle the shep (KYC exchanges) then once they controll all liquidity, pull an EO 6012.

It will not kill BTC, but the crash will be brutal, with a nice timing for the euphoria which is approaching fast.

[Anonymous No.25337748]

Gold is useless protons and neutrons. Near infinite supply, even on planet earth you can just scoop all you want out of the creek with a plastic bowl. It's just floating along being useless and there are retards out there willing to pay anything for it. Dollars, yen, pounds, or euros. They'll even buy tungsten thinking it's gold because there is no way to tell if the gold is real or pure instantly by just looking at the bill of sale or invoice. You can't even tell by looking at the actual gold.

[Anonymous No.25337844]

>>25337310
Very much so. It was being shilled relentlessly by that original poster in smg, but I guess if you never stop by there you wouldn’t have seen it. I got in 2-2.5 months ago around $8 a share and since then it’s gone to $14.50; the stock just got a price upgrade to $22 the other day from one of the big investment firms and is ranked as a strong buy, honestly it’s a tough one to hold, it’ll drop crazily every morning, but by 1pm it’ll start putting up profits for the day. There are a few other steel stocks that are just as bullish, most are more expensive, but have been putting up impressive numbers these past few months.