/biz/ - Business & Finance

[Anonymous No.54624838]

Bitcoin is money, hard money (as opposed to Federal Reserve notes which is credit, assets created through debt), Bitcoin is the fuel that backs society, the collateral that backs the creation of credit that fuels our economies, Bitcoin is deflationary, Bitcoin is the future, Bitcoin is the beating heart of humanity, Bitcoin is the only thing that matters, there is no second best, there is nothing greater than Bitcoin, Bitcoin is the truth

[Anonymous No.54624948]

Hi Mike.

[Anonymous No.54625004]

>>54624948
Don't trus, verify.
There is no need to diversify when you have Bitcoin.

[Anonymous No.54625317]

Disregard the evil and chaotic past and embrace the good and stable future with Bitcoin.

[Anonymous No.54625406]

>>54624838
based thread
>buy low market cap speculative shitcoins
>make profits
>move profits into BTC accumulation
>repeat
Simple as. Everyone knows this is the way. However, you will run into fags who think BTC is "dino coin, boomer coin" etc. But this isn't resentment because of any flaws of BTC, it's resentment because they feel priced out and like they are too late for BTC. They feel now they have no choice but to gamble on shitcoins, and delude themselves into believing it's superior tech. Don't get me wrong, other blockchain projects are needed and serve different and necessary purposes, but the BTC resentment is purely out of the fact that they missed it. In all honesty, if you really boil it down, it's greed, because BTC is proven and practically guaranteed to last and make gains, but it's not enough for them at this point because it won't 100x overnight.

But even that is still a fallacy. If you look at an S curve chart and ask yourself where BTC is, we are obviously still at the very beginning, it's still extremely early for BTC. It would be retarded to actually think it's too late to invest.

>I can't afford a "whole" coin.
1 BTC is divisible into 100 Satoshi's, if the thought of trying to accumulate a whole BTC is too much for you to bear, you can think about it in terms of accumulating Sats. Eventually, no one will be using Bitcoin in whole BTC terms anyway, eventually the dominate denomination will be Satoshi's. You're not gonna buy a can of soda for .000002 BTC, you're going to buy it for 200 Sats.

Bitcoin will easily reach $1 million, $10 million, $100 million in value in USD terms. It's a fixed supply and demand/adoption is growing.

Start collecting Sats, anon, it's the only final endgame, and the sooner you start, the better.

[Anonymous No.54625453]

>>54625406
>1 BTC is divisible into 100 Satoshi's
100 million Satoshis*

[Anonymous No.54625486]

>>54624838
Wow. What a load on nonsense. BTC will slowly fade into nothingness until only a few people remember it ever existed.

[Anonymous No.54625543]

>>54625406
>>54625453
Very based post fren
100% agree with everything you said

[Anonymous No.54625560]

>>54625486
Find any single chart that supports this.

[Anonymous No.54625604]

>>54625486
This is impossible. People still talk about myspace

[Anonymous No.54625607]

>>54625560
I don't have access to future charts sorry.
I'm not fudding BTC, I honestly hope it survives but I think the world is changing into a greener society. I think BTC will be fucked over by carbon tax and other bullshit environmental buzzwords.

[Anonymous No.54625699]

>>54625607
You've got access to 25,000 alt charts, each one with "superior" "tech" to bitcoin. Can you find any that aren't trending to zero?

[Anonymous No.54625797]

>>54625699
I don't think the 25k shitcoin charts have anything to do with Governments and NGOs environmental policies. If you can't see the world is going greener I really don't know what to tell you.
https://www.coindesk.com/policy/2023/04/14/sweden-drives-final-nail-into-its-bitcoin-mining-industry-with-tax-hike/
More and more shit like this will come out, after a while enough shit will stick and the average normies will eventually turn against BTC.

[Anonymous No.54625845]

>>54624838
bitcoin's worth is stated very clearly in dollars, the thing you've pointed out to be credit and not "hard money". if it was tied to gold or silver I'd say you're on to something.

[Anonymous No.54625920]

>>54625845
You should consider killing yourself.

[Anonymous No.54625936]

Bitcoin max supply: 21,000,000
Fiat max supply: Infinity

[Anonymous No.54625980]

>>54625920
thanks for the reasonable and well thought out reply that refutes my point.

[Anonymous No.54626013]

>>54625845
Just because of the order BTC/USD cus USD came first. You can measure dollars in bitcoin too, retard. Just take the inverse of the price (1 / price if you're a retard) and you get USD/BTC. Means nothing.

[Anonymous No.54626065]

>>54625980
Sometimes you run into people who are so far behind on fundamentals it just isn’t worth it to educate them, yet they want to offer their opinion. The world would just be better off if they no longer existed.

You are one of those people when it comes to bitcoin. To educate you we’d have to go back to when the lightning struck the key, and that wools just be a waste of resources. M8y8ds

[Anonymous No.54626168]

>>54625845
bitcoin worth is stated in bitcoin, for instance to measure the max supply
as for the valuation, you need to compare it to something else, it can be dollar, gold, or eggs

[Anonymous No.54626173]

>>54625845
Nobody lists anything relative to the price of gold because it is shit, it's not a good medium of exchange, and it will never be a real currency.

[Anonymous No.54626183]

If it's "hard money" why is it so obtusely complicated to obtain even with money?

[Anonymous No.54626221]

Fiat is the only currency because it requires energy to print the notes, also the cost of the design, anti counterfeiting, transporting the notes around the country.

[Anonymous No.54626256]

>>54626221
Orange is the only fruit because it requires sun to grow

[Anonymous No.54626401]

>>54625920
lmao, based

>>54625845
Hi newfriend. Bitcoin's value is not tied to anything except its own properties and the level of demand in the market for it. Bitcoin, by most people's standards, is what's called a commodity. A commodity is defined as an asset without an issuer, like gold, oil, or trees. These are things that exist in the world whose properties or supply is not controlled or determined by an entity. They just exist. Commodities, like everything else in the world, are *priced* in USD, because that is the dominant medium of exchange and most people understand it, and therefore we use it to translate the value of things.

BTC price is determined in USD as much as the price of USD is determined in BTC. BTC is appreciating because it is outpacing the value of the dollar, as more and more continue to be put into circulation. You can think of it as not as much an increase in the value of BTC, though there is that as the market becomes more educated and therefor demand goes up, but also, as a decrease in the value of USD against it. Nothing about BTC has changed, yet it keeps appreciating in "price," because it is a stronger store of value than the dollar. The dollar is bleeding against it, and therefore it is requiring more and more dollars to buy it. But BTC itself is alone, its value is not tied to anything, only priced in different things.

In a hypothetical imaginary world, where Bitcoin is the main medium of exchange, people will be pricing things in BTC instead of dollars. A carton of eggs will cost 2,000 sats, as an example.

If you are actually genuinely interested in the deeper concepts here, I recommend reading "The Bitcoin Standard"

[Anonymous No.54626439]

>>54626401
/biz/ niggers will still be trading their 5000 sat McDonald's paychecks for shitcoins

[Anonymous No.54626691]

Sometimes it feels unreal BTC exists. Not because of how the quasi God figure dropped by to a forum completely anonymously shared a bunch of lines of code, like a verse if you will then disappeared and it gave us so much freedom and chance for protection. It not only was built to survive hackers and other attackers trying to break it technically but survived the propaganda and all sorts of social stigma political authorities trying to link it with. It somehow block after block keeps stamping and encapsulating time and surviving parallel to all corrupt systems as a shining beacon of financial justice. It somehow happened.

[Anonymous No.54626766]

What about paper bitcoin?

[Anonymous No.54626864]

>>54626439
They will eventually come crawling to BTC, they always do. The elegance and fortitude of BTC's simplicity draws everyone over time. It has one job, and it does it superbly. We already saw what happened recently when there was the mini-banking crises, BTC was validated in the eyes of many, and started pumping in response. Simply a tiny taste of what is to come. A ton of cryptobros suddenly went "wait, maybe there is something to this" and started "getting" it. It's been a beautiful thing to see, watching people come to appreciate BTC for what it is.

>>54626691
It's one of the only verifiable and viable exits from the system. Like I said above, people are starting to understand that now. One little mini-bank crises did all that. Tip of the iceberg.

[Anonymous No.54626915]

>>54626864
Do you think BRICS will use BTC?

[Anonymous No.54626949]

>>54626915
who gives a shit about hue hue monkeys, orcs with fetal alcohol syndrome, shitskins who haven't yet discovered plumbing or even basic hygiene, slant eyed commie bugs with no morals, and fucking niggers

[Anonymous No.54627029]

>>54624838
>btc is currently backed by federal reserve notes
kek

[Anonymous No.54627074]

>>54626915
turd world monkeys are completely irrelevant to the global economy, they only exist thanks to the capital of the western world.

[Anonymous No.54627133]

>>54625406
Everyone knows shitcoins are gambling

[Anonymous No.54627192]

>>54626915
Not yet, but I know a lot of countries have looked at it. I only say not yet because I tend to lean on the side of the opinion that BTC is not large/liquid enough yet. The argument posits that single whales can still manipulate the price of BTC, let alone entire countries, and that BTC needs to grow much, much larger before it can be adopted on that large of a scale.

[Anonymous No.54627268]

>>54627074
BRICS GDP now exceeds G7

[Anonymous No.54627352]

>>54627268
and yet they're still completely irrelevant, funny how that goes

[Anonymous No.54627405]

>>54624838
>can't enact monetary policy unless the miners democratically vote to devalue their own source of income (kek)
>has a massive scaling issue that requires that the asset must explosively appreciate in value in order for miners to justify their investment
Lol lmao