[ 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: 42 KB, 390x348, 1610195348111.jpg [View same] [iqdb] [saucenao] [google]
25802260 No.25802260 [Reply] [Original]

Anons, don't be distracted. Salyor was only the first drop of a flood

>> No.25802403

Why would they not just buy gold instead?

>> No.25802448

>>25802403
Why would the biggest sector buy market cap (tech) want to be associated with gold?

>> No.25802515

>>25802260
They're not negative yet.
They're fucking god awful already and Fed says near zero for next 3 years so may as well be.

This thread is probably the least understood reason that explains most of the reason why Bitcoin is going up. It's funny how few people understand how a 100T market can greatly influence a tiny little cryptocurrency called Bitcoin.

>> No.25802516

>>25802448
Because you actually physically need it in computers. Cryptos are only as good as its latest iteration.

Bitcoin is outdated programing.

>> No.25802559

>>25802516
this sounds stupid enough you must have heard it from peter schiff

>> No.25802565

>>25802516
weak ass fud

>> No.25802613

>>25802559
Kek

>> No.25802686

>>25802516
You don't want a store of value to be tied to anything - including computers.

This means that the price of gold will be effected by another market. Let's say that the industrial use of gold goes up - yaay! let's say it goes down - boo!

You want a completely uncorrelated, pure, non manipulated medium of exchange in this regard. Bitcoin is the asset most blindly reflective of the actual demand of something.

The infinite stock to flow measurement it holds against Bitcoin is very important as well. I said infinite because I mean infinite. Holding all of the worlds gold today means that you are diluted something like 50% in 100 years, maybe worse - I'd have to do the math.

Bitcoin is happening. Stay in gold if you wish. Get mad if you want. But don't say we didn't warn you.

>> No.25803027

>>25802686
Checked

>> No.25803136

>>25803027
No, uh, actually checked there, reddit

>> No.25803138

>>25802686
>You don't want a store of value to be tied to anything
Citation needed.

>> No.25803200

>>25803136
Close enough?

>> No.25803318

>>25802686
Industrial utilization wrecks the price of metals. See platinum, re: catalytic converters

>> No.25803366

>>25803138
Look up Peter Schiff's debate with Saiffedean Ammous. He'll explain exactly why. And I know you'll like Schiff. Hopefully you'll like Ammous more after.

The amount of money Schiff has lost people over the years is probably legitimately in the tens of billions right now. No hyperbole. Like actually.

>> No.25803393

>>25803138
That's the point. What makes them a value store is that they're generally non-correlated. If the price action is responsive to economic shifts, it's not a great hedge against adverse economies.

>> No.25803404

>>25803366
Checked

>> No.25803453

>>25802403
Why would they buy an asset with a max supply and a fixed inflation when they could buy gold bullion, trust the miners inflating and pay millions to store it, why would they load up on bitcoin at a 600b market cap when they could buy gold at over 10T circulating cap and a ridiculous total market cap from all the gold in the ground. kek

>> No.25803489
File: 96 KB, 1080x1080, 57B548F4-BA96-40C1-83C5-36AB097BE4D1.jpg [View same] [iqdb] [saucenao] [google]
25803489

>>25802516

>> No.25803525

>>25803366
https://topratedfirms.com/brokers/customer/europacificcapital-review.aspx
His customers seem happy with him