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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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56635410 No.56635410 [Reply] [Original]

Bitcoin is going to zero and gold is going above $20,000

>> No.56635486
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56635486

>>56635410
yes

>> No.56635524

>>56635410
ahh yes, gold. the only asset that has never outperformed inflation. the indivisible payment method. the stay here while I test the purity with a $4000 machine and whoops your coffee is now cold. the most easily and commonly stolen asset. the asset most favoured by centralized financial systems due to its low supply and hence easy manipulation of such supply. the golden child of the money changers

Ahh yes, gold

>> No.56635646
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56635646

>> No.56635664

>>56635410
>worst selling mutual fund for the last 10 years

>> No.56635758

Physical gold can be put up guys rectums and urethras and stuff.

https://youtu.be/f9aM_dT5VMI?feature=shared

Not possible with bitcoin though.

>> No.56636223

>>56635410
so you're short then?

>> No.56636232

>>56635664
20 actually
look how much money he lost on 08

>> No.56636936

>>56635524
p much sums it up right here

>> No.56637100

>>56635410
>he bought shinny rocks
OH NONONONONONONONONONONONONONOBONONONONONONONNONONO

>> No.56637163
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56637163

>he fell for the gold meme
grim

>> No.56637178
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56637178

>>56635410

I've seen Peter naked...

>> No.56637215

>>56635410
Maybe I would care if Bitcoin hadn't done the equivalent of that several times already in the time it took gold to barely break it's 2011 ATH

>> No.56637217

>>56635410
No duh

>> No.56637225

>>56635410
What is something where the more people buy in, the less there is, till there’s nothing left and it loses all value

It’s called a pyramid. But this is not a pyramid, it’s a blockchain.

>> No.56637711

>>56635410
When this guy finally dies his headstone will be constantly vandalized with BTC propaganda.

>> No.56637733

>>56637711
The thing about gold, is it’s more fungible, and its gas fees are non existent. When you’re mining for just rewards from transactions, I guess that could work. But as soon as the system fails, it’s over.

>> No.56637739

>>56637733
So like I said, you could maybe invest into a world where bitcoin dominates transactions, but with all the security flaws with bitcoin gold is a better currency. It will never disappear out of thin air, you will never have to pay money to trade it.

>> No.56637789

>>56635410
>bitcoin is going to zero
Yeah, no. Never going to happen
>gold is going to $20,000
Maybe, probably, but life will me so outrageously miserable if that happen that you’ll be praying for it to go back to 2k.

>> No.56637824
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56637824

>>56635410
This man buys Bitcoin with gold
this is an advertisement for him to purchase your BTC
He wants Bitcoin. He sells gold.

>> No.56637849

>>56637739
BTC will never be spent the way dollars are. Neither will gold. Both will require a claim note and THAT's what will be traded. That's how it used to be and that was a good system.

>> No.56637886
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56637886

>>56637733
>gold is better for transactions than bitcoin
I've got half a dozen business cards from companies that accept payment in bitcoin. Do you wanna guess how many business cards I have from companies that accept payment in gold? (the answer is zero)

>> No.56637894

>>56635410
This but unironically

>> No.56638554

>>56635410
i hate this gold faggot so much. i hope he gets cancer and has a painful death!

>> No.56638601

>>56635410
This is a PSA: I trade gold futures and I have never met bigger retards than the morons who buy physical rocks. You deserve the worst you get. Sincerely, the trading community.

>> No.56638657
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56638657

Gold has averaged -1x fiat since '71 (44x versus 42x monetary expansion), why would it melt up now?

>> No.56639051

>>56638601
I’m bleeding bro

>> No.56639722
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56639722

>2 more weeks

>> No.56640476
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56640476

*yawn*
Finna buy more next weekend. My kava remains staked and my solana remains parked. Bitcoin on the left btw.