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/biz/ - Business & Finance

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File: 399 KB, 640x360, boomersBTFO.png [View same] [iqdb] [saucenao] [google]
4653170 No.4653170 [Reply] [Original]

https://www.youtube.com/watch?v=fy16eIEux7U

>muh bubble
>muh nobel price
>muh outlaw after china outlawed it and jumped higher

Will they ever learn?

https://www.youtube.com/watch?v=-GpqK64wqZs

JUST

>> No.4653336

>>4653170
Bubble requires something physical like housing because they are tangible and have a true value. This is why there was a bubble when people bought over priced houses expecting their profits to double only to find out no one actually wanted to spend that much on a house. Bitcoin is more reliable than fiat currency. Your country may fall, but bitcoin will still exist.

>> No.4653414

What would 'outlaw Bitcoin' even entail? Outlawing any cryptocurrency whatsoever?

Fuck that digital money is gonna be the future, even if it doesn't end up being BTC

>> No.4653473

>>4653414
Too late now. They had to nip it in the bud.

Fiat currency is on borrowed time.

>> No.4653501
File: 139 KB, 782x782, 1468337448168.jpg [View same] [iqdb] [saucenao] [google]
4653501

>>4653170
SOYIM! STOP IT! STOP IT SOYIM! TRUST YOUR GOVERNMENT'S MONEY NOOOOOOOOO

>> No.4653654

>>4653170
love seeing jews get btfo :^)

>> No.4654352

>>4653170
>Robert Shiller

how unfortunate

>> No.4654476

>>4653170
Theay argue BTC is bubble
Yet they "buy" a fucking VIRTUAL IRON ORE
kekekekekek

>> No.4654570
File: 104 KB, 399x440, 1510371715589.jpg [View same] [iqdb] [saucenao] [google]
4654570

>>4653336
Erm, no. Something being tangible and having true value only ensures that there is an actual bottom when the bubble bursts. It is not a pre-requisite for something being a bubble in the first place, like for example a useless currency that you can't even transact in whose value proposition these days is literally "It is valuable because you can store value in it because people think it's valuable".

It's not even a currency at this point. You can't even have it backed by commodities sold to some decent degree.

There is 0 use case support underpinning it.

It's very funny that someone would argue that the very fact that makes it a bubble incarnate on steroids is what makes it "not a bubble don't worry guys" though. I hope you're just trolling and you're not a genuine bitcoin maximalist.

>> No.4654597

(((Joseph Stiglitz)))

>> No.4654688

>>4653336
>Bubble requires something physical like housing because they are tangible and have a true value

People doing loans to buy and resell it is very physical desu.

>> No.4654842

>>4653170
>Stiglmeme
kek. What A fucking bastard. A shame nobody shot his family yet.

>> No.4655038

>>4653170
>bitcoin is based on a marxist theory of value
wat

>> No.4655067
File: 452 KB, 785x757, ppyamaro.png [View same] [iqdb] [saucenao] [google]
4655067

>>4654570
>having a swiss bank account in your pocket will ever stop being valuable

>muh fees

Go to bed, Roger.

>> No.4655105
File: 25 KB, 620x388, baby-boomers_2613902b.jpg [View same] [iqdb] [saucenao] [google]
4655105

>>4653170
Replace all of these faces with screaming pink wojaks hahaha that shit would be comedy gold

>> No.4655126
File: 1.66 MB, 220x190, cagedistort.gif [View same] [iqdb] [saucenao] [google]
4655126

>>4655038
Kek'd hard to that.
>mfw boomers brainfarting at bitcoin

>> No.4655129

They sure do love to say Bubble.

"IT'S SMOKE AND MIRRORS"

>> No.4655382

>>4653336

Dot Coms says hi.

>> No.4655410

fucking boomers

>> No.4655903

>>4655382
Amazon aka Bitcoin says hi