[ 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: 97 KB, 1154x732, EuFl8rlXcAAwI8f.jpg [View same] [iqdb] [saucenao] [google]
28801824 No.28801824 [Reply] [Original]

Dear imbeciles,

I've been getting rid of my BTC. Why? A currency is never supposed to be more volatile than what you buy & sell with it.
You can't price goods in BTC

In that respect, it's a failure (at least for now). It was taken over by Covid denying sociopaths w/the sophistication of amoebas

2) The other problem BTC Protozoa don't get: the appeal of a cryptocurrency depends on some opacity, its ability to facilitate tax fraud and money laundering.

You can anonymize a gold coin by remelting it. You can rework a spoon.

BTC is more tractable than cash.
#Lindy

BTC Volatility is not dropping with time/at higher price, exactly what you don't don't need.

>> No.28801975

Dear retard. It's an investment asset not a currency.

>> No.28802116

>>28801824
nice taleb larp but btc is the best liquid asset anyone can own.

>2010 -> $0.08
>2021 -> $48,000

meanwhile $1 depreciated in value a shit ton in 11 years, its worth half as much now