/biz/ - Business & Finance

[Anonymous No.49929557]

IT CAN'T BE A STORE OF VALUE IF IT LOST 70% OF THE VALUE IT TRIED TO STORE

[Anonymous No.49929585]

>>49929557
>gold ID
based

[Anonymous No.49929643]

>>49929557
Technically true, I hope crypto dumps less in future bear runs

[Anonymous No.49929734]

>>49929557
What's GOLD's search engine?
here's ICP's https://kinic.io
thread over.

[Anonymous No.49929756]

>>49929557
Based and check my
Numbas nigga

[Anonymous No.49929868]

>>49929734
why would a store of value need a search engine, nigger?

[Anonymous No.49929873]

>>49929557
As if gold or other PMs can't have a speculative bullrun ever.
Bitcoin can safely store at least $100 per coin. Possibly hundreds of times that. But it can also be speculated with, like anything else on this god forsaken world.

[Anonymous No.49931244]

>>49929557
And it also gained 20k-60k percent in 10 12 years faggot. Meanwhile the dollar anon I..

[Anonymous No.49931261]

>>49929868
so you can look it up later when you need it

[Anonymous No.49931304]

>>49929557
Absolutely based and goldpilled OP.
Nice id.

[Anonymous No.49931349]

>>49929557
>Gold ID
Cryptards on suicide watch.

[Anonymous No.49931354]

based and goldpilled. Only gold ids will make it.

[Anonymous No.49931360]

>>49929557
Okay

[Anonymous No.49931557]

>>49931261
>go into home office
>open safe
>gold!
>close safe

[Anonymous No.49931728]

>>49931557
>power goes off
>cashless economy absolutely BTFO
>open safe
>gold!
that fucking simple.
You guys can replace 'power goes off' with whatever you like; social status too low so purchase declined, frozen bank account because political leanings, wages garnished to pay fines on xyz...
inflation isn't the only reason to buy gold and silver.

[Anonymous No.49931771]

>>49929557
Gold ID, KEK

[Anonymous No.49931776]

I could actually respect Schiff's opinion and arguments, but then he advocates for gold which is even stupider and also has no intrinsic value worth talking about.

[Anonymous No.49931778]

>>49929557
It's a currency. It's right in the name.

[Anonymous No.49931812]

>>49931728
Then food and bullets will be the world currency and no one will give a single fuck about your shiny rock

[Anonymous No.49931822]

>>49931778
What's the definition of a currency?

[Anonymous No.49931846]

>>49931812
This concept of the US somehow keeping all the world's economies from collapsing is insane, especially in 2022.
Capital would FLEE.
How does capital flee to countries that don't suck, anon? Historically how do people move their money i wonder.

[Anonymous No.49931890]

>>49929873
>>49929557
Gold took a worlwide massive dump for years when Aztec and Incan treasure made it's way back to Europe. Every asset reflects supply and demand, and there are probably vast stores of uncovered gold that could tank the Gold market still to this day.

[Anonymous No.49931910]

'store of value' is an imaginary concept to begin with

[Anonymous No.49931956]

>>49931890
True.
Gold also took a massive dump when the black plague wiped out the population of europe in the 12th century. The price of labor skyrocketed.
Today it's the other way around. The price of gold is low as fuck compared to what it buys historically. If you dispute that think about the minimum wage in 1955, or what a quarter could buy in 1932.

[Anonymous No.49931960]

>>49931822
Well the response before at least for me would be something of value that is endorsed and mandated by an internationally recognized government as a form of payment. But since we had this adult preschooler put it as an official "currency" of El Salvador, that argument doesn't really work anymore.

[Anonymous No.49932005]

>>49931960
It's going to turn out badly, for sure.

[Anonymous No.49932014]

>>49929643
its been scary Anon, didn't see 20k coming...they say DCA beats everything but no fiat or stables kek.

[Anonymous No.49932017]

>>49929557
I can't believe Bitcoin is JUST $20k. Dam I shouldn't have bought it at at 3k in 2019, not my money is all gone.

[Anonymous No.49932367]

>>49932017
I bought some at 3k in 2019.
Different information back then.

[Anonymous No.49932388]

>>49929557
Store of value over 10 years.

[Anonymous No.49932441]

>>49932388
if you were to liquidate everything to US dollars, you probably wouldn't think too hard about the risk profile on the currency.
Do the same with Bitcoin. Put yourself entirely in Bitcoin.

[Anonymous No.49932461]

meanwhile in real life

[Anonymous No.49932498]

>>49932461
I buy gold at any price because i'm fairly confident there's gunna be some kind of fucked up cashless system and the dystopia we'll live in will want to know about every shred of wealth i have to my name and how to tax it to finance bullshit.

[Anonymous No.49932516]

>>49929557
nice store of value u got there retard

[Anonymous No.49932522]

>>49929557
schiff is a good guy. stands his ground against an army of shills. stays polite. is rich but never flexes. does look good in every debate even if alone with his opinion. a rare golden pokemon.

[Anonymous No.49932542]

>>49929557
so people say bitcorn is a store of value because of the price of the energy spent mining it right? so why don't we meet goldbugs in the middle and start using shit like radioactive metals as a store of value instead, based on the amount of energy they can be used to produce?

[Anonymous No.49932579]

>>49929873
Silver literally traded like a shitcoin the last few years

[Anonymous No.49932629]

>>49931728

>Hey guys I have gold

He screamed into the void but nobody could hear him, he sat there with his shiny rocks that physically needed to be moved

>It's okay you're worth millions TO ME

[Anonymous No.49932632]

>>49929557
peter schiff is my favorite nocoiner

[Anonymous No.49932667]

>>49931776
nothing has intrinsic value
value is subjective

[Anonymous No.49932737]

>>49932516
you... you understand that you're proving our point right?
Inflation shows up, Bitcoin gets dumped by market and gold goes up... you understand this is our point right... if rates go up bitcoin gets fucked, if inflation goes up bitcoin gets fucked.
Ponzi game over.

[Anonymous No.49933783]

>>49931812
>be a pirate
>sleep in a hammock on a boat between 20 other guys who smell like piss and puke
>have every disease imaginable
>wipe ass with rope until your anus bleeds
>lose one leg
>lose one eye
>only eat dry crackers with maggots
>still obsessed with gold

[Anonymous No.49933910]

>>49932737
>Inflation shows up, Bitcoin gets dumped by market and gold goes up


ok nice hedge against inflation you got there i should definitely buy this chart right now

[Anonymous No.49934244]

>>49931890
>worlwide massive dump for years
it was a 2-3% inflation rate that last 50-100 years and was limited to spain
this may be confusing for a modern reader, but back in the day such a thing was unprecedented
inflation was rare in the absence of a ruler devaluating his coinage and never long term

what they perceived as a disaster back then, today it's something that we can't even achieve, as inflation is soaring above 10% and we are desperately trying to get it back to 3-4%

[Anonymous No.49934252]

>>49929557
Why does he care about btc so much

[Anonymous No.49934265]

>>49931557
>go into home office
>open laptop
>bitcoin!
>close laptop

[Anonymous No.49934301]

>>49931846
Based

[Anonymous No.49934537]

>>49932498
I really don't understand how they think they are selling the idea of CBDCs to anyone. There's literally no incentive to having all your transactions monitored and potentially being asset stripped for not agreeing to sell your children to a demon possessed bureaucrat to be ritually abused. They must be realising that the noose is tightening and that no private army of super soldiers is going to save them.

[Anonymous No.49934574]

>>49934265
>Go into home office
>open laptop
>feet.jpg
>close laptop

[Anonymous No.49934672]

The worst performing AAA NFTs are storing 95% value

[Anonymous No.49934853]

>>49929557
Bull-fucking-shit gold has been as volatile as bitcoin before and had crashes like this before. Fucking retards, this guy and his son are swindling you.

[Anonymous No.49934920]

>>49934265
>go to home office
>open safe
>look at private key engraved on metal
>bitcoin
>close safe

[Anonymous No.49935071]

>>49929557
The store of value meme was always a lie

[Anonymous No.49935263]

>>49934537
You're overestimating the willpower astuteness of normies. These are the same people who've put up with preposterously nonsensical lockdown rules, wore the masks and took several vaccines that didn't do jack shit. I'm sure that transacting in funny money will run the same course.

[Anonymous No.49935269]

>>49929557
Cryptofags and pmfags need to stick together. We're two sides of the same coin. I think gold is incredibly valuable because of historical reasons and it's beauty, but you can't send gold over the internet. Transactions are going digital and I'd rather use BTC if that's the case.

[Anonymous No.49935297]

A Pokemon Gold cartridge is literally a better store of value than actual gold

[Anonymous No.49935342]

>>49932461
zoom out

[Anonymous No.49935501]

>>49935342
>zoom out
>silver was $50 in 2011 and btc was $1

[Anonymous No.49935831]

>>49931822
It has no value. Money has value a currency does not

[Anonymous No.49936524]

>>49932629
Everyone that makes everything important to you as a consumer is about to stop taking your worthless dollar, in this decade.
You fucking ready for the void anon?

[Anonymous No.49936639]

Peter 'Gold is important, so hold 5% of it' Schiff.

[Anonymous No.49936979]

>>49935297
But will they ever name a pokemon game after bitcoin?

[Anonymous No.49937511]

>>49931776
>gold which is even stupider and also has no intrinsic value worth talking about.
you must be 18 to post here

[Anonymous No.49937534]

>>49931890
>probably vast stores of uncovered gold
lol

[Anonymous No.49937604]

>>49932667
Based and a prioripilled

[Anonymous No.49937619]

>>49931728
Even 3rd world shitholes like Europe have power. But if power did go down and stay down you'll we needing bullets, not gold to survive.

[Anonymous No.49937642]

>>49931304
>OP's ID
>2 iq
Nice.

[Anonymous No.49937649]

>>49929557
What was the price of BTC ten years ago and what was the price of literally any other asset in existence ten years ago?

[Anonymous No.49937706]

>>49934672
>these mortage backed securities are rated AAA

[Anonymous No.49937855]

>>49933910
>inflation adjusted
Inflation has been under reported since the 90's.

[Anonymous No.49937926]

>>49931728
Why bother with gold then, if the only thing which matters is physicality? Could easily put usd in the safe in your example. Oh hang on, your point is bs, ofc, sorry.

[Anonymous No.49937938]

>>49931776
>has no intrinsic value worth talking about
Except, you know, the unique properties that Gold as a metal possesses. Gold does have intrinsic value. Gold is a unique element, with unique properties. Bitcoin, however, is not unique.

[Anonymous No.49937982]

>>49929557
that's because it's not a store of value, dumbass. That doesn't mean it's not valuable

[El Arcón No.49938000]

>>49929557
>IT CAN'T BE A STORE

[Anonymous No.49938156]

>>49935342
>50 year silver bear market

[Anonymous No.49938270]

>>49937938
>Bitcoin isn't unique
Why don't you just print some up yourself then, and sell it on the open market, for a cool $21k each, which is the current going rate?

[Anonymous No.49938295]

>>49935269
fucking finally, someone else with brains. good on you anon.

[Anonymous No.49938423]

>>49937926

[Anonymous No.49938514]

Same old tired arguments from both sides in this thread. Everybody in here is a fucking retard.

Sage

[Anonymous No.49938609]

>>49929557
guess what else lost over 70% of it's value?
GOLD IS DOWN THAT MUCH FROM 2008'S CRASH

[Anonymous No.49938633]

BTC wasn't a store of value at 60k. It was a store of value at 21k, so it's working.

[Anonymous No.49938693]

>>49938270
Why is it unique then? Go on, have a crack at explaining it. Besides brand name, first mover advantage etc. exactly how the fuck is BTC unique? Can it be copied 1-to-1 with the exact same functionality and code-base.... yes or no??

Can Gold be replicated exactly with the same properties without also being Gold?

[Anonymous No.49939376]

>>49937534
I mean, the centre of the earth's core is probably has a lot

[Anonymous No.49939456]

>>49939376
The Solar System alone has Trillions upon Trillions of Dolalrs worth of Gold readily available in asteroid's. It's just weather you think it's economically and technologically possible within our life time.

[Anonymous No.49939482]

>>49938633
GME is still above $100. TSLA is still far above its early 2020 level.

The new great depression hasn't even started, and Bitcoin already lost 70% of its value.

[Anonymous No.49939625]

>>49931557
>>49934265
>>49934574
>>49934920
>Makes other rando's home offices the priority.

[Anonymous No.49940819]

>>49932542
Gold is hard to destroy. One can never never never destroy all the gold. That’s part of the store of value proposition
Bitcoin is hard to destroy when the energy is high. As long as great energy secures the network, bitcoin is supreme. Bitcoin is element zero
The radioactive elements are volatile & toxic. Obviously gold Au element 79 is better
Bitcoin is brand new discovered element 0 BTC. By far the best most secure property in the universe

>https://youtu.be/-2RlW7bIe-s

[Anonymous No.49940950]

>>49940819
You are a retarded faggot.

[Anonymous No.49940986]

>>49938693
The bitcoin network is unique because it has by far the greatest energy. By far the most hashpower and it’s not even close. Metcalfes law makes Bitcoin unique
The more hashpower the more security. Bitcoin has security gold can never dream of, because gold is easily confiscated or stolen and hard to store or move in large quantities.
Bitcoin is just 1s and 0s on a digital triple entry ledger. Infinitely more secure and can be sent & received at the speed of light

[Anonymous No.49941017]

>>49931244
Which none of that are gains that anyone on this board is actually holding. You are all down 60%

[Anonymous No.49941042]

>>49932461
Post the bitcoin chart on the same timescale faggot.

[Anonymous No.49941059]

>>49936639
>5%

Yep. That's literally all it takes and you crypto faggots are even too stupid to do that.

[Anonymous No.49941117]

I enjoy watching crypto faggots get BTFO every step of the way on this crash and will continue to watch them get BTFO every step of the way..


You can make whatever dumbshit arguments you want but guess what? You're losing and you've already lost. You are the product of a modern world, a decadent materialistic society detached from the realities of life such as evolutionary pressures and resource (actual resource) scarcity (and actual scarcity).

You are soft, weak bodied, narcissistic and unintelligent faggots. Completely ignorant and detached from nature. Your existence disgusts me and I find it repulsive. You will lose everything you have and you absolutely deserve it. You are merely the product of this shit, fake and gay world.

[Anonymous No.49941203]

>>49929557
gold is for people who are already rich

[Anonymous No.49941292]

>>49931244
>And it also gained 20k-60k percent in 10 12 years faggot. Meanwhile the dollar anon I..
This is not an argument because bitcoin was a brand new asset class that started trading at 1 cent.

Imagine if gold was discovered in 2009 and started trading at 1 cent, it would also go up thousands of percent

You have to look at how bitcoin trades in recent times when the market is more mature. And it clearly shows that bitcoin is not behaving like a "digital gold" during current economic conditions.