/biz/ - Business & Finance

[Anonymous No.29463140]

Crypto is worth exactly $0 because it's just numbers and numbers aren't real. And crypto numbers have fucking letters in them. Are you kidding me with that made up shit? No wonder everything is dumping

[Anonymous No.29463557]

ok boomer

[Anonymous No.29463591]

>>29463140
You can say the same about Fiat behenchod

[Anonymous No.29463646]

>>29463140
Same thing applies to FIAT.

[Anonymous No.29463988]

>>29463140
people that argue this about bitcoin are following the "fictitious capital" theory, described by the late Karl Marx. He used his theory on Stocks of companies and the value of property, claiming that the value is fictitious and not a true reflection of the tangible value of it.

100+ years later, Stocks are still a thing and people still buy houses. Crypto will be around too.

[Anonymous No.29464111]

>>29463988
That's not necessarily wrong and it can be accurate and stocks will still be around as will crypto. The value is only what we accept it as, it's only going to be worth as much as the next person is willing to buy at. Many traders will agree the markets are mostly psychological and based on emotions.

[Anonymous No.29464135]

>>29463988
He's still right tho

[Anonymous No.29464233]

>>29463140
>money
>a fictional system used to distribute the spoils of economic activity
>can be spent on real world goods

>cryptocurrency
>a fictional system used to distribute... nothing?
>must be converted back to money to be useful

[Anonymous No.29464465]

Everything that isn't a hard asset is a larp at the end of the day.

[Anonymous No.29464525]

>>29463988
stocks are parts of a company that actually produces something, houses are places where you can actually live
crypto? it's nothing but pure speculation on price at this point, at least in the previous bullrun there was talk about adoption

[Anonymous No.29464538]

Have a good chuckle man :D

www: https://www.youtube.com/watch?v=YHjYt6Jm5j8&feature=emb_title

[Anonymous No.29464680]

>>29463140
Ug & Grug said the same thing about gold before everyone started using it as money

[Anonymous No.29464724]

>>29464135
Only if you're a nigger and therefore can't handle abstraction

[Anonymous No.29464733]

>>29463140
I bet you buy shiny rocks

[Anonymous No.29465074]

>>29464525
but to say it's worth 0 like some edgy retard that is OP does nothing.

[Anonymous No.29465323]

>>29463140
Fiat is worth exactly $0 because it's just numbers and numbers aren't real. And fiat numbers have fucking letters in them. Are you kidding me with that made up shit? No wonder everything is dumping

[Anonymous No.29465477]

>>29465323
>>29464233

Money is a necessary evil. Cryptocurrency isn't necessary.

[Anonymous No.29465511]

>>29463140
Dollars are worth exactly $0 because it's just numbers and numbers aren't real. And Dollar notes have fucking presidents in them. Are you kidding me with that made up shit? No wonder everything is dumping

[Anonymous No.29465549]

>>29463140
nothing is real expect the love that surrounds us all

[Anonymous No.29465583]

>>29463140
Imagine thinking money is worth anything in the first place.

Value is material goods and services. Currencies are the medium that facilitate that exchange.

[Anonymous No.29465591]

>>29463140
Thanks just sold 100k

[Anonymous No.29465598]

>>29463140
Anon you are right numbers are not and never have been real but we literally could not be typing now without the abstract number technology that all of society is based on

[Anonymous No.29465624]

>>29463140
>how can numbers be real if our eyes aren't real?

[Anonymous No.29465672]

nothing is real, you think that paper and ink backed by nothing is real?

[Anonymous No.29465727]

I sold bitcoin stock and tesla on friday,

I had the feeling this cyber boy was full of shit

[Anonymous No.29465733]

>>29465477
>Crypto isn't necessary
Wrong it's a better way of doing money.

[Anonymous No.29465769]

>>29463140
Silver are just rocks

[Anonymous No.29465971]

>>29465769
When the werewolves come I will laugh my ass off at you dumb cunts who invested into zoomerscams.

[Anonymous No.29466007]

>>29465769
Diamonds are the tears of the goyim.

[Anonymous No.29466115]

>>29463140
Agree.
I have no fucking idea why anyone would prefer a fucking bitcoin over 30 ounces of gold, holy fuck.
You could buy a nice fucking house with 10 btc. Who the fuck wouldnt do this

[Anonymous No.29466236]

>>29463140
>Your comment is worth exactly $0 because it's just letters and letters aren't real. And your comment reeks like a fucking brainlet wrote it. Are you kidding me with that made up shit? No wonder everyone is laughing at you

Hello Mr. Schiff

[Anonymous No.29466315]

only numbers are real you fucking pleb

[Anonymous No.29466420]

>>29466315
This. Imagine not understanding the theory of the forms.

[Anonymous No.29466511]

>>29463140
>And crypto numbers have fucking letters in them
shit bros he’s right

[Anonymous No.29466556]

>>29466236
>Peter Schiff spends his days shitposting on /biz/
Wouldn't surprise me, I'm sure he's the arrogant faggot that pops up in /pmg/ from time to time too

[Anonymous No.29466668]

>worth 0
>numbers arent real
>0 = number

[Anonymous No.29466736]

>>29463140
>numbers aren’t real

Top fucking kek

[Anonymous No.29466756]

>>29463591
Yeah but the US dollar is backed by the US army and CIA.

[Anonymous No.29466804]

>>29463140
neither is fiat

[Anonymous No.29466831]

>>29463140
Your bank account is worth exactly $0 because it's just numbers and numbers aren't real

[Anonymous No.29466887]

Check
>>29466666

[Anonymous No.29466911]

>>29466756
>us is backed by force and violence and that’s a good thing
moron, when the military realize they are paid in a worthless currency it’s over
BTC removed the incentives to start wars and use violence because it’s economically stupid
BTC is a peaceful revolution

[Anonymous No.29467148]

>>29466756
>the dollar is backed by trannies and glowniggers
>and that’s a good thing

[Anonymous No.29467212]

>>29463140
Baste

[Anonymous No.29467373]

>>29464525
Alright just imagine for a second that we had started with crypto instead of fiat. Do you think anyone would want to adopt fiat?

[Anonymous No.29468235]

>>29466911
crypto holders don't give a fuck about a decentralized banking system. If they did they'd organize a cryptocurrency where every person is equitably allocated some crypto at the start, rather than reward early adopters.

[Anonymous No.29468897]

Le ebin trol

[Anonymous No.29469005]

>Crypto is worth exactly $0 because it's just numbers and numbers aren't real.

Newsflash, people believe in all sorts of retarded shit (pic fucking related) so much so that they're even capable of killing/raping/etc in name of x even though there's 0 intrinsic value in it. Miracle healers, religion, paper money, stocks, "precious" metals, crypto etc etc are all by themselves worthless. It's just our belief in them that gives them their worth. How much is suitcase with millions of dollars worth if you're stranded on a deserted island with no drinking water?

[Anonymous No.29469358]

>>29467373
>Do you think anyone would want to adopt fiat?
Yes

[Anonymous No.29469504]

>>29467373
Obviously yes. No crypto has ever been shown to be able to process a large amount of transactions. You fuckers need fiat.

[Anonymous No.29469682]

>>29463140
>How can crypto be real when numbers aren't real
I swear to God, sometimes I think there's an internet cafe somewhere in Somalia where niggers just create retarded threads.

[Sage No.29469965]

>>29469682
Great vid