/biz/ - Business & Finance

[Anonymous No.5032510]

There is a flaw that many Bitcoin investors seem to be ignoring.

The people who believe that Bitcoin is a solid investment and not a bubble at this point believe the price is justified by the value of its use as a currency. The problem is no one is going to accept or want to use a currency that is volatile. But if the price were to go sideways for a long period of time (which has never been the case with Bitcoin), the flood of normies and neets looking for easy gains will exit the market, resulting in more volatility and prices would fall, again making it impossible to use as a stable currency.

[Anonymous No.5032534]

>>5032510

ITS NOT A FUCKING CURRENCY YOU RETARD

[Anonymous No.5032568]

>>5032510
Not true, because you can buy gift cards and app credits for the services you want. For example I can load my Chipotle app up with Bitcoin, then get burritos whenever.

[Anonymous No.5032630]

>>Want to buy drugs
>>Bitcoin to unstable to know how much I need to deposit, price changes by the second
>>cbf

[Anonymous No.5032728]

>>5032510
Thats exactly the opposite retard
No one thinks it is a currency that's why it becomes an "investment"

[Anonymous No.5032797]

>store of value

Anyone who spouts this shit should neck themselves

>store value in bitcoin
>crashes 25%
>pinkwojak.png

[Anonymous No.5033265]

>>5032728

Would you justify the price of the investment in any way other than pure speculation?

[Anonymous No.5033613]

>>5032510
>price is justified by the value of its use as a currency
Only by ignoramuses and people trying to drive the "muh blocksize" meme in an attempt to destroy decentralization. No-one cares about bitcoin's currency properties any more than they care about gold's. Anyone who has believed this in the history of bitcoin has consistently made bad trades, which I truly appreciate.

[Anonymous No.5033681]

>>5032534
MuuHHH STORE IF VALUE COPING MECHANISM