why are boomers like this?

[Anonymous No.50018607]

[Anonymous No.50018652]

whats funny is silver hasn't even recovered to its ath bitcoin will probably be back there in 2 years

[Anonymous No.50018675]

>>50018607
What about turning 69.000$ to 20.000$ in less than 1 year ?

[Anonymous No.50018677]

>>50018652
cope

[Anonymous No.50018750]

>>50018675
>1 YEAR
kek

[Anonymous No.50019056]

>>50018607
it's not just boomers. You'll find plenty of zoomers, millenials, and gen z on /pmg/

as long as there are irrationally risk-averse people, there will be precious metal investors. Do you know someone who has worked at the same company all his life and never made a serious effort to find a better job? That guy probably invests an irrational amount of money in precious metals. /pmg/ is the investing manifestation of a scarcity mindset.

[Anonymous No.50019116]

cash is "king" and stronger than shiny metals
>t. moved all crypto into gold before the dump but still at red

[Anonymous No.50019168]

>>50018607
It's annoying isn't it
>hey guys I've seen crypto make a massive profit a couple times now and it's low right now I think it's a good time to get in
>no its gambling
like why though should I tell them limit orders exist and they can just sell and buy automatically at a profit

[Anonymous No.50019182]

Don't forget the PMG stocks, kek what a bloodbath. Bayhorse silver has absolutely fucking died, nobody even mentions it in pmg threads now.

[Anonymous No.50019198]

If you take inflation into consideration, gold+silver are down massively from 2010

[Anonymous No.50019200]

because they completely missed the boat

nobody buys silver instead of gold, or bitcoin
they buy silver because they can't afford gold, or bitcoin

[Anonymous No.50019211]

>>50018607
100 to 100 loses value to inflation wtf are metalfags thinking?

[Anonymous No.50019219]

>>50018607
>crypto bad

That's all there is to it. They usually don't have any actual arguments for it it's probably just boomers in general having a hard time learning/accepting anything that is too radically different from what they're already used to.

[Anonymous No.50019226]

>>50018607
The boomer on top has opened his ears and is willing to listen as you can see he is serious.
The boomer on the bottom is making fun of how stupid the idea of buying "precious" metals is. As you can see he doesn't have any ears because he isn't willing to listen to the bs pmfags have to spill

[Anonymous No.50019253]

>>50019200
Pretty much, in most PMG threads almost no-one has any significant amounts of gold. Its just hundred dollar range stacks of junks silver that the cope will one day be real wealth. A few people have an ounce gold coin or slightly more, and think they are the cream of the crop, the elite of pmg.

I have significant amounts of metals and crypto, and if I had a choice most of my metal would be in crypto. But metal is not easy to dispose of in large sums, and is literally one of the reasons why crypto is so amazing.

At this point its a hedge against total global economic collapse, and not much else.

[Anonymous No.50019396]

>>50019253
Yep they are just poorfags (mostly from /pol/) larping all day everyday and posting mostly off-topic garbage or talking shit about crypto. They should all be moved to >>>/toy/ because shiny rocks are not an investment, more an collection hobby.

[Anonymous No.50019408]

>>50019056
>/pmg/ is the investing manifestation of a scarcity mindset.
I’d say that’s the most popular view on it. Silver is the least rare of all precious metals as far as I know, but the demand is at an ATH from all sectors, with little to no scrapping going on. There’s still a shit ton of it out there but demand is also increasing so the supply will eventually start declining if it haven’t already.

[Anonymous No.50019411]

>>50018675
kek

[Anonymous No.50019419]

>>50018750
did (You) buy at $7? Or are you a greedy fag that Fomo'd at 60k?

[Anonymous No.50019493]

>>50019419
I personally bought at $20, after which it crashed to $4 and made me feel like utter shit for a few years but I just kept it.

If I kept it all I would be set for life, but I still have a 1/10 of what I originally bought.

[Anonymous No.50019663]

>Son if shit hits the fan everyone is going to want to use these shiny rocks as money. We'll be rich!
>Why shiny rocks? Why not things like food, lighters or even cigarettes?
>Because they look nice son, look how nice and shiny these bars are! Your ancestors used this as money!
>Alright, so how did you discover this?
>Well, a Jew told me that fiat money is worthless and gold is real money. So I've used as much fiat money as I could to buy gold from him
>Wait, the guy who told you fiat money is trash it's going to 0, and gold is the real deal, is selling you gold for fiat?
>Yes. What's the problem?
>Oh nothing, keep buying more. Take out a loan if you have to.

[Anonymous No.50019847]

>>50018675
I love how PMG investors are never short term investors but pretend that when it comes to crypto you have to be a short term investor. Fucking idiot.

[Anonymous No.50019906]

>>50019253
>At this point its a hedge against total global economic collapse
>total collapse
What you need for that is cigarettes, booze, ammo and beans, nobody would give a shit about your shiny rocks in case of total collapse

[Anonymous No.50020008]

>>50019906
I would very much give a shit about shiny rocks in a total collpase, buying them from suckers for a can of beans because society always comes back.

[Anonymous No.50020501]

>>50019847
We dont, its just
>Cmmon buy btc for 65k it will be 100k eoy you are still early
>Lmao you should have bought early, I am still +1000% muh best store of value

You know there is no guarantee it will go up to previous ATH right. That you should not predict future performance based on past. Or that halvening is in fact no guarantee of number going up, because price is determined by supply and DEMAND and increasing price lowers demand.

[Anonymous No.50020515]

>>50018607

[Anonymous No.50020534]

>>50018607
Actually its turn $100 into $75 (subtract premium you have to pay the Jewish coin shop man)

[Anonymous No.50020633]

>>50019847
Not to mention one important flaw that now became clear
>I will store my value in btc I have Surplus funds
>Shit recession is here I lost ma jerb
>Lets sell that btc
>Its -70%
>"Dude just starve and wait for new bullrun, you obviously cant expect to redeem your tokens when most necessary"

[Anonymous No.50020832]

>>50020501
which is exactly the same for gold, only gold is a tapped out mature market that's been stagnant for over a decade during rampant inflation.

[Anonymous No.50020962]

>>50020832
>Stagnant for decade
Sorry sweetie chart shows something else
>Rampant inflation
So gold bad because it reached new ath during this rampant inflation and then went down by 12% and btc good because it went down 70%?
>Btc is young bro it has small mcap
Yes thats the copium for a long time now, but BTC increased its mcap dramaticaly, yet it seems as volatile as ever. Its almost as if market did not seen btc as money, in which case mcap is irrelevant, its volatility will not change until it is realy seen as store of value outside fringe minority of maxis

[Anonymous No.50021132]

>>50018607
No one ever taught them about valuation channels. Boomers are the original HODLers

[Anonymous No.50021232]

>>50020962
if you think gold's 10y looks good then you're not really qualified to be having this discussion in the first place.

[Anonymous No.50021575]

>>50021232
>Does not adress any points I made
>You are clearly not qualified to talk to me

Midwit hodlers are worst, autistic maxis would not miss a chance to argue. Yes gold looks good, it has better results than SP500.
>But muh 1000x
That will never happen again, you run out of new people, imagine mistaking price discovery of new abstract asset with long time performance. As I said before, now every grandma knows BTC, when BTC was couple dollars 99% of people had no clue it existed, thats why most whales are people from IT, they got the message first, but now market is getting cold. So soon you will join us at 70% per 10 years, just with higher volatility.

[Anonymous No.50021988]

>>50018652
>>50018677
>>50018750
>>50019056
>>50019116
>>50019168
>>50019182
>>50019198
>>50019200
>>50019211
>>50019219
>>50019226
>>50019253
>>50019396
>>50019408
>>50019663
>>50019847
>>50019906
>>50020534
>>50020633
>>50020832
>>50021132
>>50021232
almost 100% of cryptofags suffer from thinking that past performance is indicative of future results. somehow no one disagrees with this sentiment, yet everyone still behaves as if it's not true.

that being said, this is exactly the kind of thread i want to see. the very fact that this thread is being made should be a screaming buy signal to you.

>silver hasn't gone up recently therefore it will never go up.
ok poorfag, the trick is to get ahead of the moves when sentiment is bad. this applies to crypto or silver or any other asset.

Not a single argument will be made to any of these points, but there will be lots of barking from monkeys suffering from terminal recency bias.

[Anonymous No.50022076]

>>50021988
Shut up faggot.

[Anonymous No.50022104]

>>50022076
barking monkey #1. keep em coming. i love when imbeciles want so badly to disagree yet can't produce any arguments

[Anonymous No.50022151]

>>50021988
quotefag nobody cares about your shiny rocks

[Anonymous No.50022167]

>>50018607
gold > silver > Monero > paper cash > bitcoin

It is that simple.

[Anonymous No.50022183]

>>50021988
COOOOOOOOOOOOOOOOOPE AND SEEEEEEEEEEEEEEEEEEETHE

[Anonymous No.50022189]

>>50022151
Barking monkey #2

[Anonymous No.50022217]

>>50022183
barking monkey #3

[Anonymous No.50022498]

>the silver market is manipulated
>it's manipulated by billionaire/trillionaires who own all the mining companies, refineries, supply AND contracts
>it's GOING to be un-manipulated eventually.
>just because
>y-yeah all of those billionaires and trillionaires are still in power but it's going to stop eventually
>soon!

[Anonymous No.50022756]

Early adopters of crypto get rewarded because they unbeknownst helped usher in the nwo cashless system where everything is tied to a digital ledger. Crypto fags are the actual worst most smug retards building their children's prisons

[Anonymous No.50023991]

>>50018607
OP, some shithole ain't seeing NFTs and Metaverse as they are the new crude oil. All you know is Bitcoin and yet trannies are loosing their investments.
NFTs will continue to gain more popularity, as football star Christiano recently announce his partnership with binance to launch his NFT, I think is the best time for creators to receive royalties automatically if included in the smart contract during the minting stage.

[Anonymous No.50024019]

>>50022756
My uncle invested in crypto 10 years ago and he just bough a Tesla this week

[Anonymous No.50024042]

>>50022167
Simple

[Anonymous No.50024095]

>>50022756
It’s the other way around. Crypto heralds the era of the competent individual, putting an end to socialism. Parasites will get washed out when their politicians can’t print away the gains of the productive population to redistribute to the leeches. It’s over for anyone who isn’t a net contributor, and that’s a good thing.

[Anonymous No.50024129]

>>50018652
Lol. No the fuck it won't. back down sub $10k and 5 years of crabbing between $10-15k is the most you'll get.

[Anonymous No.50024162]

>>50021988
cope
zoomers will never buy your bags
and boomers are all dead in a couple years

[Anonymous No.50024219]

>>50021988
>everyone still believes as if it's not true
gpt-3 post

[Anonymous No.50024329]

>>50021988
>Just baghold for 40 years lmao

[Anonymous No.50024380]

>>50024162
So true anon, boomers are old poor fags that keep talking shits about crypto whereas with hybrid blockchain, businesses can use the QAN private blockchain for their internal transactions and then send that information to its public blockchain for reporting purposes .

[Anonymous No.50024445]

>>50018607
Y'all are talking shit, no one care about fucking BTC boomer saga.
The market is falling, crypto is dumping. Who's gonna make a way for retards? Where to invest our last money and fuck off

[Anonymous No.50024485]

>>50019056
> irrationally risk-averse
Risk aversion pays off when your nations government and corporations are taken over by a troon babykiller death cult

[Anonymous No.50024513]

>>50021988
this is some serious coping

[Anonymous No.50024791]

>>50024445
Faggot needs a new life after being rekt by LUNA. Get your ass on BTC ot Go bury your face in shame.
Soon after the mainnet the dapps built with any of the programming languages will be deployed into the blockchain making it secured, transparent, and decentralized.

[Anonymous No.50025260]

>>50021988
The real question everyone should be asking is why would crypto fags not try to profit from this?
Jump on the silver train, hype it up, bankrupt the comex, then take profits. This way they can buy even more cryptos.
Why wouldn't they want to own many more cryptos???

[Anonymous No.50025498]

>>50024095
That would be true if bitcoin was the only crypto. Unfortunately bitcoin maxis are retarded, the chain can't scale, and it will eventually get flipped at which point it will become obvious that there's no real scarcity in crypto

[Anonymous No.50025554]

>>50018607
>>50018652
You guys are too smart for this place
Metal investors are the ultimate suckers
Buy Bitcoin or real estate even stocks but metals are at 1981 prices
Crypto gets the best % gains in investing, the charts don’t lie

[Anonymous No.50025835]

>>50025498
Bitcoin is the only crypto. There’s no second best.
> scaling
How many tps do you imagine is needed on the foundational settlement layer of the global economy? Understand that the whole point of a settlement layer is to compress thousands of transactions between two banks, say, into just one big transaction of the final balance from the thousands of transactions.

[Anonymous No.50025948]

>>50025835
How many weeks until central banks decide to use bitcoin as their reserve currency?

[Anonymous No.50025960]

Physical gold and silver is an insurance policy. I have 1% of my net worth in precious metals. I will never sell, and I don't need to buy anymore so premiums don't matter. It will help you sleep a bit better at night.

[Anonymous No.50025995]

People are bullish if they're way up. You think gold is a bad investment, but boomers have been stacking since the 1970s. They also hate bitcoin because they hate the idea of any millennial ever not sucking at life and wanting to die.

[Anonymous No.50026006]

>>50018675
What about turning .000001$ into 69000$ in 12 years

The guy who sold that pizza for 10000 btc...
Turned 1 pizza slice into $690,000,000 lol

[Anonymous No.50026080]

Don't forget what mining bitcoin means, and therefore what the blockchain means. It is huge scale data crunching, by machines being used to crack usernames and passwords (a massive breach of security affected many major corporations late last year, and was related to bitcoin mining). When a machine has done enough code cracking, it is awarded with a bitcoin, which can then be converted to other blockchain currencies, etc. This counts as organized crime, but no one seems to know that unless they've come to understand what the data processing that happens during "mining" really is.

I hear that they are now using the blockchain to crack personal usernames and passwords, not just corporate accounts. Mark my words, you will very likely start to notice this yourselves soon if nothing is done to stop it.

[Anonymous No.50026113]

>>50019200
Yeah silver is a cope..
Its hyped because of misunderstanding, all those fags think their 100 oz of silver they bought for 2k will turn them into multimillionaires in the future, which might be true on paper with hyperinflation, but buying power wise they will have the 2k equivalent of buying power. Thats the whole point of a store of value.. The buying power of silver has been the same for hundreds of years.

You dont generate extra buying power, but you also dont lose any buying power. Thats the whole point.
Metals is for rich people to maintain the value of their wealth, not for getting wealth.
A poorfag with 1k buying silver is pointless, its better to gamble on shitcoins for a 10-100x

[Anonymous No.50026422]

>>50018675
What about continuing to hold it and turning that $20000 into $1000000 in 2 more years?

[Anonymous No.50026701]

>>50021988
>almost 100% of cryptofags suffer from thinking that past performance is indicative of future results.
nope, we just understand the fundamentals.
we know what makes Bitcoin *great*, and gold ok, fiat terrible.
we know it will continue because these fundamentals stay the same

[Anonymous No.50026800]

>>50021988
>from thinking that past performance is indicative of future results

That's how investing actually works though. Why do you think people buy stocks? Because at some point in the past stocks went up in price. Same with gold and everything else. Why would anyone invest in gold if all it ever did was go down in price?

[Anonymous No.50027500]

>>50026701
>nope, we just understand the fundamentals.
People who are into crypto are always talking about fundamentals as the core of their decisionmaking process, but the market never seemed rational to me.
If Bitcoin is so great, why are its forks worth so much less? If I thought that Bitcoin is so great that having one is worth 20-60k, why wouldn't I want to buy 1 Bitcoin Cash instead, which is technically almost identical, yet only costs $100?
Maybe I'm an idiot but it makes no sense to me whatsoever if I'm looking at it from an analytical standpoint. The only explanation that makes sense is that people simply think, I'll buy this thing that I don't really care about because surely some in the future will take that shit off my hands for more than I've paid.

[Anonymous No.50027742]

>>50026701
Imagine there are 100 bitcoins total.
I lend 10 people 10 bitcoin and tell them they have to pay me back 11 after one year. How do you pay back 110 bitcoin if there only are 100 total ? You don´t. This kills the economy.

[Anonymous No.50027847]

>>50027500
>If Bitcoin is so great, why are its forks worth so much less?
because they add retarded shit "improvements" to it

>why wouldn't I want to buy 1 Bitcoin Cash instead, which is technically almost identical, yet only costs $100?
it's a con job, with retarded manchildren MUHHH BIG BLOOOCKS at helm

[Anonymous No.50027955]

>>50026800
Obviously you make predictions based on past movements, the point is that those predictions might be absolutely wrong and thats why you cant use them as convincing argument

[Anonymous No.50028093]

>>50027500
Because the it's ethos behind bitcoin give it its value. 21M cap, p2p money alternative to the current financial order now and 100 years from now. The code can be changed and forked but the value comes from what people believe best represents the promise behind bitcoin. The BCH/BSV scammers tried to take it into a "better" direction but the marked decided their version isn't worth shit.

[Anonymous No.50028196]

>>50027847
arent the improvements pretty much objectively good? Faster/larger volume of transactions, lower costs etc

>>50028093
>21M cap, p2p money alternative to the current financial order now and 100 years from now
but the bitcoin forks are the same in those regards
>The BCH/BSV scammers tried to take it into a "better" direction but the marked decided their version isn't worth shit
why are they scammers and what's wrong with trying to improve the formula?

[Anonymous No.50028388]

>>50018652
bitcoin will never surpass ATH ever again
screen cap this, zoomie

[Anonymous No.50028424]

>>50025554
>Crypto gets the best % gains in investing, the charts don’t lie
past performance guarantees future results!!
brainlet

[Anonymous No.50028510]

>>50028196
>arent the improvements pretty much objectively good?
No they aren't. They shit on decentralization. Blocks require time to propagate across the world. The shorter time between blocks the more chain branching you get. Also the more transaction volume, the bigger the size of the blockchain gets the harder it become to run your own node which making the protocol more centralized. Bitcoin got it's cake and it's eating it too with the layer 2 solutions.

>but the bitcoin forks are the same in those regards
No they aren't the same when it comes to ethos. They've been forked and are supported by a lot smaller group of people which makes it a lot easier to change the monetary policy down the road. They are scammers because the they did for personal gain first and foremost.

[Anonymous No.50028524]

>>50019200

The boat for crypto has come and gone. The ship always sails in gold/silver. If you think 100k bitcoin is on the horizon, you're delusional

[Anonymous No.50028545]

>>50028196
>>>50027847 (You)
>arent the improvements pretty much objectively good? Faster/larger volume of transactions, lower costs etc

no, these are lies

1) they would be at cost of everything what makes Bitcoin great - security, running OWN nodes. it moves into the banking model. SPV is shit.

2) anyway Lightning Network has infinite speed

[Anonymous No.50028584]

>>50028388

[Anonymous No.50028807]

>>50028510
>No they aren't. They shit on decentralization
But isn't bitcoin effectively centralized anyway, since it greatly favors large miners?
>No they aren't the same when it comes to ethos
do you think that 99.9% of crypto investors don't care about profits all things be damned?

Also what about other forks like BTG? Less centralized, fungible, faster, more anonymity etc.

>>50028545
>they would be at cost of everything what makes Bitcoin great - security, running OWN nodes
Do you think that if you asked bitcoin investors what makes BTC great, they'd reply with those two reasons?

[Anonymous No.50028856]

>>50028584
BTC won't die. it'll just crab around 20k-40k forever

[Anonymous No.50028884]

>>50028856
>BTC won't die, it will just crab around $20-$40 forever
>BTC won't die, it will just crab around $200-$400 forever
>BTC won't die, it will just crab around $2000-$4000 forever
>you are here

[Anonymous No.50028974]

>>50028884
>BTC won't die, it will just crab around $50000-$60000 forever
>BTC won't die, it will just crab around $30000-$40000 forever
>you are here
fixed it for you

[Anonymous No.50029008]

>>50028884
>>50028974
>it happened before so it'll happen again
>nothing ever changes
ok brainlets

[Anonymous No.50029025]

>parasitic asset that hasn't existed outside of a highly paternal low-interest rate nanny state environment

[Anonymous No.50029038]

>>50028974
nvm you seem cool

[Anonymous No.50029049]

>>50029008
Brainlet is holding rocks that will never make you rich. I bought sub 20k and you clearly didn't so who's the real brainlet?

[Anonymous No.50029077]

>>50028807
>>they would be at cost of everything what makes Bitcoin great - security, running OWN nodes
>Do you think that if you asked bitcoin investors what makes BTC great, they'd reply with those two reasons?
smart ones will
(and will add decentralisation, which BTC *has*)

[Anonymous No.50029103]

>>50029049
>i bought BTC for 15k so i'm gonna turn it into my religion and just believe it'll go to a million dollars cuz reasons
this is you

[Anonymous No.50029105]

>>50028807
>But isn't bitcoin effectively centralized anyway, since it greatly favors large miners?
No, the nodes are kings. The miners were in favor of BCH fork but came back because it was clear no one wanted the shitty fork coins. Miners just provide a service, of securing the network, and they get paid for in freshly minted btc.
>do you think that 99.9% of crypto investors don't care about profits all things be damned?
Owning btc is a bet against the current financial order. If you're right you get fixed % of everything humanity will ever have and if you're wrong you vill own nothing, you vill eat ze bugs, and you vill be happy. Also yes, most investors do indeed put money in btc because number go up, most bitcoiners however are taking the aforementioned bet.

[Anonymous No.50029108]

>>50024791
>buzzword buzzword buzzword buzzword buzzword
>this is the next tech revolution you guys
>you can tell because the projects advertise themselves as the next tech revolution
literal cargo cult behavior

[Anonymous No.50029136]

>>50029103
Nice strawman, but there are no crows to scare here, retard.

[Anonymous No.50029150]

>>50029105
>Owning btc is a bet against the current financial order.
no it isn't, sweetie
btc is fully reliant on the current financial order

[Anonymous No.50029192]

>>50026701
You realize that scarcity shit is preventing bitcoin from ever being an actual currency, right? The point of money is a stable means of exchange, not OOH IF YOU HODL YOU'LL BE A SIGMA MALE TRILLIONAIRE

[Anonymous No.50029228]

>>50029105
>Also yes, most investors do indeed put money in btc because number go up, most bitcoiners however are taking the aforementioned bet.
I'm pretty sure the overwhelming majority of BTC investors just want to have more fiat

[Anonymous No.50029267]

>>50029105
>Owning btc is a bet against the current financial order.
>celebrates investment firms buying bitcoin
>gets liquidated when the stock market crashes
wave of the future ladies and gents.

[Anonymous No.50029313]

>>50018607
I've been on /biz/ five years and still haven't figured out if putting the dollar sign after the number is a meme or if you're all retarded.

[Anonymous No.50029324]

>>50018607
Based OP, boomers are stupid.
I bought 1k of btc back in 2018 and I literally turned it into 15k which is not that bad for a third world man, I could've made 30k if I didn't sell bitcoin early.

[Anonymous No.50029366]

>>50029313
It's a internet zoomer thing, it's because they're retarded.

[Anonymous No.50029406]

>>50029313
in most parts of the world it's the correct order (and it's superior desu)

[Anonymous No.50029846]

>>50029313
americans are fucking retarded
50 min = 50 minutes
50 kg = 50 kilograms
50 hrs = 50 hours
but
$50 = 50 dollars

[Anonymous No.50030242]

>>50029192
>You realize that scarcity shit is preventing bitcoin from ever being an actual currency, right?
>oy vey!
>nooooooooooooooooooooooooooooooooooo!
>you can't just get rich as the world progresses!
>you must use my (((fiat))) money printed by (((FED))), o-ok?

[Anonymous No.50030297]

>>50018607
it's more like turning $100 into $85 if you buy physical silver.

[Anonymous No.50030306]

>>50018607
Because child, in 20 years, that silver will still be worth $100

What about your precious fiat?? Checkmate federalist

[Anonymous No.50030336]

>>50030306
>What about your precious fiat??
no one is talking about fiat, retard. BTC vs PMs.

[Anonymous No.50030687]

>>50018607
Reminder silver was $20-$21 in late 1980, nearly 42 years ago. And there are people STILL bagholding since then.

[Anonymous No.50030746]

>>50022104

[Anonymous No.50030764]

>>50022104
>>50030746

[Anonymous No.50030777]

>>50020534
>Actually its turn $100 into $75 (subtract premium you have to pay the Jewish coin shop man)
>>50018607

It is way worse than that. Boomers may have purchased at the top (1980) at $42 in 1980 dollars.
That is $149 in 2022 US dollars.
Spot price per oz is $20.74

If they are holdering it is worth 13.92% of their current investment.

Let's take BTC peak of $69,044 and add 8.5% (I can only go on official as the silver uses official too) that gives us $74912 vs current $20269.
You have only 27% of your initial if you invested at ATH

BTC has to hit $10.5k USD to equate what silver did in 42 years for boomers

[Anonymous No.50030938]

>>50030777
Checked. The inflation aspect is a good point, but you could have been a bit clearer on that.

The simple fact is that due to inflation one only loses money holding silver. Even if silver was to magically pump to $42 right now, that silver would be worth less, would be less money, than it was in 1980 since $42 now is worth less than $42 in 1980.

[Anonymous No.50031163]

Cryptokids keep larping as if they bought bitcoin at $100. In reality most bought at 30-50k and are down massively. Thankfully crypto is dying and all the retards who thought they were investing geniuses for riding a bubble up will rope

[Anonymous No.50031237]

>>50030242
So the bitcoin ponzi is better than the fiat ponzi because the bitcoin ponzi benefits you while the fiat ponzi benefits someone else? Would you like to try that again?

[Anonymous No.50031432]

>>50030938
I was actually wrong, looks like it peaked January 21, 1980 at $49 a troy oz
It was $12 an oz May 1, 1980
75% loss in 4 months. PM was the mid 70 late 80s crypto for a while.
It was $4.90 in June 21, 1982.

So that revises it to $173.82 in 2022 dollars and a 11.93% value of previous investment.

BTC now has to go to $8937 in today's dollars to be equivalent

[Anonymous No.50032257]

>>50031237
>because the bitcoin benefits you while the fiat ponzi benefits someone else?
no, idiot.
Because fiat benefits the (((FED))) and few people with political connections,

while Bitcoin benefits all its users.

If you do not understand how that is different then kys tonight.

[Anonymous No.50032293]

>>50030777
checked

in short, use picrel to BTFO boomers on the comparsion

[Anonymous No.50032385]

>>50018607
Sunken cost fallacy.
The money I spent on silver was worth it but the taxes on it killed me.
Meanwhile I pay fuck all for gas fees on Coinbase pro.
5k limit too, Gotta save more though.
Get rid of the taxes on silver and gold and they might be worth putting more money on.

[Anonymous No.50032411]

>>50018607
Sunken cost fallacy.
The money I spent on silver was worth it but the taxes on it killed me.
Meanwhile I pay fuck all for gas fees on Coinbase pro.
5k limit too, Gotta save more though.
Get rid of the taxes on silver and gold and they might be worth putting more money on.
>>50018675
>Buy High, Sell Low.
Never change /biz/, never change.

[Anonymous No.50032432]

>>50032293
I guess once bitcoin hits $1000 and the majority of "investors" have lost 80-90%, you can still say "if you bought at $10 you'd be up 1000%!"

[Anonymous No.50032434]

>>50021988
>almost 100% of cryptofags suffer from thinking that past performance is indicative of future results.
There's only 21 millions BTC and there are halving BTC mining rewards, you sire, are the retard here who doesnt understand why BTC is as high as it is.
Please stop.

[Anonymous No.50032446]

>>50032411
>envalopes
don't they have schools in Alabama?

[Anonymous No.50032458]

>>50022756
>their children's prisons
Whatever faggot, Not my problem...never selling.

[Anonymous No.50032488]

>>50025498
>That would be true if bitcoin was the only crypto. Unfortunately bitcoin maxis are retarded
It's the only crypto with the highest MARKET CAP.
Retard.
>>50025498
>the chain can't scale,
Yeah and?
https://river.com/learn/how-bitcoin-can-scale/
Bitcoin's blockchain can only process 7-10 transactions per second, which is not enough to host all of the world's payments.
Additional payment platforms will be built on top of Bitcoin, using the same bitcoin token, but enabling faster and cheaper payments.
Such layers already exist, and more are being built at a rapid pace. These layers will help the entire world use Bitcoin, even if they do not use the blockchain directly.

[Anonymous No.50032521]

>>50028424
>past performance guarantees future results!!
>brainlet
BTC doesn't follow company profits and doesn't rely on an overhead to man like say a silver mine.
Retard.
You can run a GPU while you're at work and earn crypto.

[Anonymous No.50032532]

>>50018607
cryptonerds will seethe when silver goes to $300/ounce meanwhile their cryptoshit is mostly banned and regulated to fuck and they're in six figures of debt to the IRS

[Anonymous No.50032564]

>>50028424
https://www.investopedia.com/ask/answers/100314/why-do-bitcoins-have-value.asp
People trade with BTC.

[Anonymous No.50032579]

>>50028884
Even if BTC hits 100000000 You can still buy Santoshi's.

[Anonymous No.50032618]

>>50029103
https://www.freeforexrobot.com/difficulties-in-btc-mining-hit-a-new-ath-after-a-5-56-rise/
On April 27th, the difficulty of mining BTC set a new ATH. After a 1.26 percent drop on April 14th, the system has corrected to the upside. As a result of the most recent boost, the BTC network has now set a new ATH in terms of difficulty.

The average time it took miners to process a data block was less than 10 minutes. Due to these changes in supply (900 new blocks of BTC are mined daily on average through the use of a block time of 10mins), the BTC system self-adjusts to catch pace with protocol requirements.
Here's a reason.

[Anonymous No.50032633]

>>50029313
50$ is better than Dollar 50.
50$.

[Anonymous No.50032650]

>>50031163
>30-50k
See you at 100K USD!

[Anonymous No.50032697]

>>50032650
>it will go up because... it just will ok

[Anonymous No.50032819]

>>50032432
>once bitcoin hits $1000
oh boy I would LOVE it to hit 1,000 again.
fundamentals guarantee what comes next
but let's be real, -95% or rather -90% if not -80% from ATH is max. Expect at lowest like 6,000$ but probably 10,000$ - 15,000$.

[Anonymous No.50032848]

>>50032697
>>it will go up because... it just will ok
because fundamentals, you monkey-brain

[Anonymous No.50032958]

>>50032848
Bitcoin has no fundamentals. It generates no profits and has identical utility value to the other 20000 cryptos

[Anonymous No.50033216]

>>50032958
>Bitcoin has no fundamentals.
>I am too stupid to press ctrl+F
here you go: >>50026701

[Anonymous No.50033341]

>>50033216
Every other shitcoin can do the same thing. Bitcoin is not unique

[Anonymous No.50033704]

>>50032411
>Get rid of the taxes on silver and gold
Feels good living in a country where the socialists for some reason have overlooked the fact that there is no VAT on foreign currency.

[Anonymous No.50033774]

>>50018675
it's called being a store of value, chud

[Anonymous No.50033825]

>>50033341
>Every other shitcoin can do the same thing
except they don't
you're just too stupid to know why

[Anonymous No.50033885]

>>50018607
fixed

[Anonymous No.50034043]

You'll never fud me out. I am stacking for my family. All crypto gains go into more Silver and Gold.

[Anonymous No.50034136]

>>50018607
The thing about silver is that you lose money if you buy any. As a hedge against inflation it literally does not work. That said i will get my hands on a few kgs of it to store in my house for silver reasons.

[Anonymous No.50034474]

>>50021988
It is possible that you have been rattled by this thread.

[Anonymous No.50034674]

>>50033825
lots of shitcoin have a limited supply, which is the only "fundamental" you talked about in the thread.
what other fundamental you like about bitcoin? the fact that it has a public ledger which makes every single transaction recorded and available for everyone to see. lol fuck this shit

[Anonymous No.50034906]

>>50032848
>because muh fundamentals
>>50033825
>Every other shitcoin can do the same thing
>except they don't
>you're just too stupid to know why

Bitcoin's fundamentals are shit - no fungibility and no privacy. You cannot have an economy without the aforementioned and with a limited supply, as inflation is good for a currency (makes it easy for outsiders to enter into the economy). BTC will become unprofitable in the future and will be subsidized be high fees, which will make it even more unbearable to transact on a day-to-day basis, it'll also make it less secure. Layer 2 are not solutions to this, picrel.

You're a parrot, speaking the same talking points without any form of individual thought (like every btc maxi I've seen) and at the same time attacking others' refutals with moronic nonsense. Try and refute the text above, if you're silent it'll only confirm the truth.