/biz/ - Business & Finance

[Anonymous No.57631590]

He's right.

[Anonymous No.57631597]

And so are the people buying bitcoin

[Anonymous No.57631605]

Let me know when Bitcoin is accepted widely as a payment for cars, groceries & houses + when I can choose to be paid in Bitcoin in a salaried position and then I'll stop treating it as a speculation-only asset

[Anonymous No.57631610]

>>57631590
Isn't that essentially every investment asset ever?

[Anonymous No.57631612]

>>57631590
Isn't that what a store of value is

[Anonymous No.57631655]

>>57631590
>Digital markets aren't like normal financial markets because... because... they just aren't OKAY???!???!!!

[Anonymous No.57631675]

>>57631590
RLC is a store of computational value

[Anonymous No.57631684]

>>57631612
he calls a shiny rock that barely tracks around the fake inflation numbers is a "store of value" so maybe he's kind of confused about the whole idea

[Anonymous No.57631697]

>>57631655
What does Bitcoin produce?
What is Bitcoin used to produce?

No, it's not like other financial markets. It's a lot worse.

[Anonymous No.57631709]

>>57631590
if the price goes up it also implies that the price doesn't go down

[Anonymous No.57631722]

>>57631605

That’s DOGE.

[Anonymous No.57631793]

>>57631610
No. People also buy stocks because they think the price will go up, but at least stocks are tangibly related to something that has actual value, while cryptocurrency is legitimately worthless for its intended purpose.

[Anonymous No.57631817]

>>57631697
what does a car produce?
what is a car used to produce?

[Anonymous No.57631869]

>>57631817
...cars aren't financial markets.
Also, vehicles and transport in general drive the economy, dumbass.

[Anonymous No.57631890]

>>57631597
>Let me know when Bitcoin is accepted widely as a payment for cars, groceries & houses
At this point, you have to be willfully retarded to still think that this is a good argument

[Anonymous No.57631914]

>>57631817
You can use a fucking car to drive, you braindaid crypto nigger

[Anonymous No.57631987]

>>57631793
>stocks are tangibly related to something that has actual value
explain
literally all I can do with my stock is sell it
I cannot eat it
I cannot buy food with it
I cannot live in it

[Anonymous No.57631991]

>>57631675
that's assuming that all computations have value
which obviously isn't the case
the bitcoin calculations aren't advancing science, solving actual problems, etc.

[Anonymous No.57632004]

>>57631987
he is saying that a stocks value is based on real world value while crypto has no real world value and all it's value just comes from speculation.

He is a midwit retard

[Anonymous No.57632007]

>>57631590
We could say the same thing about gold

[Anonymous No.57632157]

>>57631914
what's a braindaid? Is that a bandage you bought to cover the hole in your brain?

[Anonymous No.57632251]

>>57631590
ok
and?
isn't that why retards buy gold but it DOESN'T GO UP

[Anonymous No.57632257]

>>57631590
That's the definition of a store of value (to protect you from monetary debasement).

[Anonymous No.57632307]

>>57631697
>What does Bitcoin produce?
An inflation-proof, secure, immutable store of value that governments can't just restrict you from willy-nilly.
>What is Bitcoin used to produce?
cryptographically hashed secure payments on the bitcoin network.

At least do some fucking research on it before you start embarassing yourself by asking these moronic questions...

>>57632004
>stock value is based on real value.
No it isn't... Look at Tesla's stock price and show me fucking anywhere that it has the value the market has placed the share price at.
Stocks frequently divorce from reality, that's why all markets can have sudden violent corrections.
You can learn this shit in a highschool level marketing class...

[Anonymous No.57632357]

>>57631793
Common shares with no dividend have no value apart from an expectation that someone else might pay more for them in the future. That’s it. Same as Bitcoin.

[Anonymous No.57632418]

>>57631793
It's tangibly related to Hopium. Much like the US Dollar

[Anonymous No.57632507]

>>57631590
His son is retarded also

[Anonymous No.57632605]

>>57631590
>Pener Schaft discovers the profit motive
Gargantuan tier IQ, nominate this man for a nobel, grant him a harvard phd, and bestow virgins upon him immediately
>>57631697
>muh production theory of value
Mere ownership of risk assets is worth premia to compensate the owner for holding risk. Fundamental

[Anonymous No.57632647]

>>57632307
>immutable store of value that governments can't just restrict you from willy-nilly.
Except that governments can and have blacklisted wallets.

[Anonymous No.57632758]

>>57632647
And they can and have done the same with bank accounts, flagging many because they think they might be right wing extremists.
Governments are tyrannical who would have thought?

[sage No.57632825]

>>57631605
Do you mean when it is already in the millions? ok retard.

[Anonymous No.57632826]

>>57632647
>>57632758
The big shebang with crypto is that you can settle transactions in less time and with less intermediaries than any other method besides physical exchange. Now you can send money to space if you wanted, over the internet, with T+ like 15 minutes settlement in any amount, inexpensively, with good security, in a universal network.
You might not think this matters if you're not aware of how banking works but there currently is not another way to do this, and the systems in place are a gigantic pain in the ass to navigate on the back end.

[Anonymous No.57632857]

>>57631590
so what is the store of value for Gold? Could I go to Walmart to buy food using Gold? At least some payment systems accept Gold.

[Anonymous No.57632867]

>>57631590
you mean like a store of value?

[Anonymous No.57632893]

>>57631590
>schiff
>right

You’re white, huh

[Anonymous No.57632912]

>>57631590
this guy has to be a troll

Otherwise he embodies the spirit of the eternal boomer, ever unable to adapt to technology

[Anonymous No.57632935]

>>57631987
>he isn't living in the stock exchange living the stock exchange life

[Anonymous No.57632941]

>>57632912
He shills gold hard and has bashed crypto many times before. Of course he has boomer takes, he’s been boomering for decades.

[Anonymous No.57633101]

>INFLATION IS GOING UP
>OK BITCOIN IS GOING UP BUT YOU'RE JUST BUYING BECAUSE IT'S GOING UP
>NEVERMIND THAT GOLD CAN'T GO UP
this is his worst post yet

[Anonymous No.57633109]

>>57632647
>Except that governments can and have blacklisted wallets

[Anonymous No.57633221]

>>57631612
No, a store of value is when you buy gold for $2000 an oz and then 10 years later the oz still $2000.

[Anonymous No.57633261]

>>57631590
yes, and?
fucing retard losing his mind lmao. I think this is the 5th time he's tweeted this exact statement.

[Anonymous No.57633274]

>>57631793
what's it like?
being a midwit i mean.
Fuck, i could never. I'd kms.

[Anonymous No.57633302]

>>57632941
he will also need to shill gold and talk shit on bitcoin harder now
it has gotten to the point where the gold spot ETFs are having outflows

I expect his anti-bitcoin rhetoric to become increasingly aggressive and belligerent

[Anonymous No.57633303]

>>57631590
That's right. Like most assets people only care about the money. Now if you'll excuse me i have another bag of pepe on icp to buy, another bag of link to sell and another nvidia stock to ape into. Cheerio OP

[Anonymous No.57633316]

>>57631793
there's a billion DNM volume happening right now
you can bark at moon all you want
facts are facts

[Anonymous No.57634087]

>>57632647
Except that it doesn't matter because I'm not planning sending my money to the governments

[Anonymous No.57634111]

>>57631605
>>57631597
the fact that the first response goofed it and said bitcoin and not gold (it makes no sense the way it is) and the post after responded to it as if it has said gold not btc shows how bot shill infested this place is

[Anonymous No.57634849]

>>57631590
the prices are rising because fiat is going to sit.

[Anonymous No.57634888]

>>57631590

Same reason people buy stocks or many other assets. Why is this a problem?

[Anonymous No.57634960]

>>57631590
Someone use Marx's theory of value to explain Bitcoin's value to me. All you fucking schizos that see Marx and sperg fuck off, someone who actually knows what I'm talking about, give it to me.

[Anonymous No.57634961]

Can someone who genuinely believes in Bitcoin (and isn't just looking for a get rich quick scheme) explain to me why you are so certain it will gain wide adoption when it's existed for 15 years, has attained mass awareness, major institutional investment, and a trillion dollar market cap...and yet no one seems to actually have any interest in using Bitcoin to make purchases or exchanges? Even criminals and privacy advocates have largely migrated to other, more anonymous cryptos.
Doesn't that illustrate that its sole value is speculation profit?

[Anonymous No.57634986]

>>57634888
This is such an unsatisfactory answer it's unreal.

[Anonymous No.57635018]

>>57632507
That was after his first bull market.
When BTC hits 150k, near this cycle's peak, he'll be stealing his dad's passwords and dumping the entire Shiff family fortune into BTC.

[Anonymous No.57635020]

>>57631590
That’s what a store of value is dumb fucker.

[Anonymous No.57635032]

>>57631697
It produces security and peace of mind for those who don't want to donate their money to banks so they can give it away an infinite number of times.

[Anonymous No.57635038]

>>57635032
But it's only exchange value is in fiat...

[Anonymous No.57635040]

>>57633221
if this is a dunk on peter schiff about gold's terrible real return then upvote
if its serious, downvote

[Anonymous No.57635051]

>>57634961
not fully, okay first of all EVERY asset u invest in is speculative value because there is no 100% in anything you put ur money in
secondly bitcoin has the tech which is factual and not speculative (decentralized, secure, unchangeable transaction history etc)
Bitcoin doesnt have to become a payment currency for its adoption. The blockchain itself can serve as a layer for further technical development like ordinals and kind that work like smart contracts ontop of btc. just an example

[Anonymous No.57635119]

>>57635018
>150k is inevitable
Way to prove OP right with your reasoning fag

[Anonymous No.57635127]

>>57635032
Then they exchange it for fiat when they want to buy anything

[Anonymous No.57635174]

>>57631605
2028

[Anonymous No.57635399]

>>57631590
i wonder what he thinks of those dirty stockbrokers.
anyway every halving bitcoin was supposed to get more stable until it was more stable than the us dollar. that was the plan.
does nobody read the whitepaper? its been doing exactly what it said it would.

[Anonymous No.57636728]

>>57635038
>>57635127
You would also swap gold for cash.
Do you know what a liquid asset is?

[Anonymous No.57636739]

>>57631590
who the fuck buys something as a store of value anymore? everyone is paycheck to paycheck.

[Anonymous No.57637276]

>>57632507
God damn this whole family is fucking retarded

[Anonymous No.57637297]

>>57631590

[Anonymous No.57637299]

>>57632647

[Anonymous No.57637435]

>>57631590
adoption is wrong
-.pwter schiff

[Anonymous No.57637865]

>>57633316
>there's a billion DNM volume happening right now
Yes, on Monero (XMR).

[Anonymous No.57637922]

>>57634111
>hes right
>and so are the people buying bitcoin
makes perfect sense

[Anonymous No.57637973]

>>57631605
Do people accept Gold as payment for a house or groceries? Do they accept Tesla stock? do they accept any financial asset at all???
Why would Bitcoin be any different?

[Anonymous No.57637997]

>>57631590
He's a Bitcoiner with PerSec, he's baiting everyone so hard and you retards all bite. Who do you think orange-pilled Spencer?

[Anonymous No.57637998]

>>57634111
/thread

[Anonymous No.57638006]

>>57632507
this is how anti-crypto fanatics are born, btw. They get burned once from crypto due to their own stupidity and become full-on obsessed with taking down crypto and proving how bad/stupid/fake/etc. it is, while everybody else just ignores them and continues making money

[Anonymous No.57638054]

Is /biz/ extra retarded today, or am I having a stroke?

[Anonymous No.57638186]

>they aren't buying to store value
>they're buying to store value!

[Anonymous No.57638201]

>>57631590
Most people who own Bitcoin understand that it has no upper limit because the governments have no limit for how much they'll print money and dilute your purchasing power.

[Anonymous No.57638213]

>>57631697
Bitcoin is a fixed unit of account, BTC is the first fixed unit of account, before BTC there did not exist a fixed unit of account, now there does. Gold merely approximates money, BTC is Money.

[Anonymous No.57638253]

>>57631590
>Everz stock in existence

[Anonymous No.57638271]

>>57632507
Holy kek, he bought high and sold low "to cover expenses".
This is why 1) you keep a large cash emergency fund and 2) don't be a retarded Schiff. Funny how this kid seems to be fiscally irresponsible in the most normalfag way. Muh iPhone muh clothes

[Anonymous No.57638311]

>>57634961
>and yet no one seems to actually have any interest in using Bitcoin to make purchases or exchanges
Bitcoin is THE unit of account, a decentralized fixed supply transferable asset. This did not exist before bitcoin. Known scarcity is the wellspring from which the value of Money flows, bitcoin (fixed supply) is to gold (2% mining inflation) as superconductors are to conductors. This is systematically valuable because this is a universal economic demand, something will be used as a unit of account something always is, gold and large cap equities have played this role but BTC meets the demand better being truly fixed in supply. It does not need nor even benefit from being used as common currency, it can function as the unit of account fine as a free floating asset as price carries information.

[Anonymous No.57638348]

>>57635020
doesn't get any dumber

[Anonymous No.57638872]

>>57637973
>Do people accept Gold as payment for a house?
Actually, yes. I know Boomers who have paid for a home directly with gold to other Boomers, or have talked about how their father's and grandfathers did before modern real estate existed. It was better than suitcases of cash/coins for large payments at one time.
>Why would Bitcoin be any different?
Bitcoin totes itself as a digital liquid asset that is supposed to act the same way as fiat (if it ever got mass adopted), unlike stocks that represent owning a piece of a company. The problem is people see Bitcoin like a stock, rather than a digital battering note.

[Anonymous No.57639072]

>>57638006
>error 500 blacklisting
>haha bro its your fault
Turns around next day with the memory of a goldfish
>wow bro crypto is totally safe nobody can mess with it in a cold wallet
>They're not your coins and not your keys bro.

[Anonymous No.57639106]

>>57635018
Then bitcoin and all of crypto along with the stock market will violently crash. What is going to happen when the stock bubble crash coincides crypto bubble pop…no one is talking about this. We’re getting there in the next two years.

[Anonymous No.57639116]

>>57631793
I own some real estate on an infinite ledger that can never be altered or compromised (inb4 51% attack).
How much is that worth to you?

[Anonymous No.57639692]

>>57631590
Holy Kek this guy is retarded and doesn’t know what a “store of value” is.

[Anonymous No.57639702]

>>57631605
Let me know when gold or silver is used to do the same.

[Anonymous No.57639750]

>>57631605
You don't happen to mean the oracle problem do you?

[Anonymous No.57639772]

>>57639750
Personally I've never thought about it
But the integration of web2 and web3 systems
If only there were a company I could have bought the gas token of that was the middleman between those two systems.
Wow that would be something.

[Anonymous No.57639890]

>>57638872
Bitcoin has already done that though vie the dark web. Cry and moan all you want but there will always be a black market where money is to be made

[Anonymous No.57639894]

>>57631987
stocks are securities which means the issuer wants to make sure the owner earns a profit from holding them

[Anonymous No.57640065]

>>57631590
They are buying it, therefore, it stores value. Honestly, this is such a brainlet take...

[Anonymous No.57640081]

>>57639106
>btc will crash from 400k to 90k
big woop

[Anonymous No.57640106]

>>57639890
Is this a bot? Unrelated to my comment. The dark web does not reflect the reality that Bitcoin was shilled as something to be mass adopted so that payments could be made without banks, credit card companies, or patent processor vultures that take a huge cut from businesses.

[Anonymous No.57640159]

>>57637299
Keep stacking that silver tranny...they won't keep fabricating more paper silver!

2 more weeks until Bitcoin goes to zero!