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

/biz/ - Business & Finance

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57860421 No.57860421 [Reply] [Original]

You can't deny he has a point

>> No.57860438

Bitcoin is fucking retarded and doesn't benefit society
there's no reason why it shouldn't be banned right now

>> No.57860441

>>57860421
Yes, if you look at one cherrypicked day, he definitely has a point.

>> No.57860455

Now compare the DCA performance.

>> No.57860459

>baghold over a decade for a new ATH, goy

>> No.57860464

>>57860438
>doesn't benefit society
This is the exact reason why I fucking love BTC

>> No.57860467

>>57860438
malding fiatcel jew

>> No.57860472

>>57860438
Oh vey

>> No.57860475

Can we keep Schiff posting in 2021? Both his macro and crypto bear thesis failed completely, he is just shouting at the void at this point.

>> No.57860479

>>57860421

He says this on Twitter while buying dips.

>> No.57860480

>>57860421
>You can't deny he has a point
hes a joke, my euros have more than twice halved in value since early 00's, meanwhile, bitcoin is actually doing great in comparison

>> No.57860491
File: 541 KB, 2560x1573, bitcoin-vs-gold-2022-08.17-scaled.jpg [View same] [iqdb] [saucenao] [google]
57860491

>>57860475
What are you talking about? The charts never lie

>> No.57860492

>>57860438
An alternative to currencies that experience hyperinflation benefits the third world.

>> No.57860498

>>57860438
The value is wealth that is easy to transfer / can't be confiscated.

>> No.57860513
File: 3.90 MB, 960x600, Bitcoin as a store of value.webm [View same] [iqdb] [saucenao] [google]
57860513

>>57860491

>> No.57860553

>>57860491
this chart is some dogshit made by some jew LOL

>> No.57860561
File: 17 KB, 265x381, Jud_Süß_poster.jpg [View same] [iqdb] [saucenao] [google]
57860561

>>57860421
>>COLLAPSED
oh no, not again

>> No.57860589

>>57860421
this jew has been coping so fucking hard for years. no one wants to buy your shit, schiff.

>> No.57860633

>>57860421
Not really. Volatility is not a good thing in a Store Of Value, but it's not a dealbreaker. People purportedly want to store value in bitcoin because they see it as a different asset class that will hedge them against fiat, stocks etc. going down the shitter. Whether that's true I don't know. But that characteristic is a lot more important than having low volatility.

>> No.57860899

>>57860633
>Store Of Value
this doesn't exist
you can't store value
why do midwits keep fucking repeating this nonsense
bitcoin's value comes from sovereign control over spending, that's it

>> No.57860920

>>57860421
reminder mark cuban is a jew

>> No.57860999

>>57860899
>why do midwits keep fucking repeating this nonsense
Propagandized since early 20th century about this non-stop in the media and government schools. Before that everyone just lived hand to mouth. But then banks wanted to expand and needed capital, so they tried to get deposits from average joes, which is why we have bank branches on every street corner instead of ONE downtown exclusively for rich people.

Tragedy & Hope be Carroll Quigley
All the President's Bankers by Nomi Prins

>> No.57861047

>>57860421
If you didn't get into Bitcoin early you have no business buying it now. Duh.

>> No.57861087

>>57860421

I feel unironically sad for him

>>57860438
lol

bitcoin has some of the best uses in tech for society, including eliminating most of government corruption. If you don't know what the fuck I am talking about, you understand nothing of bitcoin

>> No.57861092

>>57861047
>ignoring an easy 6x this cycle and free short on the way down and then DCA'ing during the bear market for an easy 20x
It's never too late to buy bitcoin. It's a deflationary currency by design. Even absolute retards who buy the top only have to wait 4 years to sell to break even.

>> No.57861102

>>57860421
What point would that be? When investing money for years at a time, worry about the days that you wouldn't withdraw on?

>> No.57861120

>>57860438
welcome back to /biz/ where were you the last bear market

>> No.57861131

>>57860899
please don't @ me in the future, ty

>> No.57861162
File: 11 KB, 430x320, clapping.jpg [View same] [iqdb] [saucenao] [google]
57861162

>>57860421
>Didn't reach 69,420
absolute garbaga coin 2/10 wouldn't invest
Now in all seriousness, congrats to the fags that realized it would dump and sold earlier, sadly that doesn't include me cuz i use dextools, but i still got profit from smaller coins, so it's all good on my end KEK

>> No.57861170

>>57860438
>Bitcoin is fucking retarded and doesn't benefit society
it helped me from not being poor and i'll have a family with my wife now who i also met cause bitcoin gave me freedom to travel. so it did benefit society, you retard.

>> No.57861182

>>57861047
You have every business to start dca'ing into btc anytime.

>> No.57861213

>>57860421
My BTC HODLings are worth 183% more than exactly 1 year ago today. Cash in my checking account is worth 8% less than exactly one year ago. Stay mad Peter Puffer faggot

>> No.57861221

>>57860438
the leftist mind is a diseased one

>> No.57861316

>>57860421
yes he has a point. Not saying its a good point, or a bad point, but its a point.

>> No.57861341

>>57861131
apologize for your retardation or your mother dies in her sleep tonight

>> No.57861356

>>57861316
it's not

>> No.57861361

>>57860438
shitters like you make me realize the only way to benefit society is to not be a filthy subhuman liberal who expects to be taken care of.
All in on crypto

>> No.57861489

>>57861341
you're a larping parsimonious pseud, consider pseudipside

>> No.57861562
File: 49 KB, 882x356, op_retarded.png [View same] [iqdb] [saucenao] [google]
57861562

>>57860421
Every bitcoin transaction makes cities less walkable
Every bitcoin transaction causes a lawn to have grass instead of native vegetation (weeds) or community gardens for the homeless
Every bitcoin transaction causes a plastic straw to be tossed into the sea
Every bitcoin transaction causes global temperatures to rise by 0.0000000000001 degrees, raising the sea level by 20 ft.
Every bitcoin transaction dumps a 55 gallon drum of sulfuric acid into the Okefenokee Swamp.
Every bitcoin transaction causes women to make 75% less than men.

tldr; OP is gay and aids

>> No.57861566

>>57860467
Bitcoin was created by jews

>> No.57862781

>>57860438
THIS SO MUCH THIS

>> No.57862816

>>57860421
>>57860438
bullish

>> No.57862891

>>57860438
yes gold jewellery and bullion benefit society, i'm surprised how many people took the obvious bait desu

>> No.57863343

>>57860421
Gold doesn't even keep up with inflation.
Its not a store of value.

>> No.57864235

>>57860438
by that logic, you ought to be killed.

>> No.57864479

>>57860475
>>57860421
Peter Schiff is on a straight IV delivering 100 ccs of pure COPIUM per minute.

Every fucking post you can just hear the buttmad as the Jew violently shakes that no one gives a shit about his shiny rock anymore.

>> No.57864664

>>57861489
say goodbye to mommy you little kike

>> No.57864678

>>57861566
no, Szabo is catholic

>> No.57864721

>>57860421
Yes I can

>> No.57864725

>>57863343
Thats actually bullish and implies a correction.

>> No.57864824
File: 77 KB, 1024x576, 1707436669415822m.jpg [View same] [iqdb] [saucenao] [google]
57864824

cuban is a kike, schiff is a kike
kikes will always try to out kike each other... the key to the game is out kikeing the kike when they try to out kike each other, read between their bravado, their chutzpah is their downfall

>> No.57864993
File: 521 KB, 1299x571, Goebbels-Jews-Camp.png [View same] [iqdb] [saucenao] [google]
57864993

>>57864824

>> No.57865092
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57865092

>>57860421

Owen Benjamin
@OwenBenjamin
I can see the use of bitcoin if ur trying to smuggle a billion dollars out of Afghanistan and you can memorize a very long code. So if you’re ever in that situation, use bitcoin.
I can also see that storing gold requires security and upkeep. Do to it’s value in reality. Bitcoin requires no upkeep or costs to save it. Because it exists in peoples imaginations.
Land also requires upkeep so as a store of wealth it isn’t as good as upkeep. Unlike bitcoin that sits in a hard drive, land merely produces food and you can live on it.
There can only be 21 million bitcoins in the world ever made so it has permanent value in its scarcity. Because there’s only 21 million and no one can ever make anymore.
And because of this scarcity, all war will end because inflating the dollar is how the evil Rothschilds have forced mankind into doing evil to each other. But with only 21 million bitcoin, evil can not be financed.
Also it can’t be tracked or seized unless you use it or exchange it then it can very easily and anyone can track it since everything is public.
But just don’t forget! If you ever want to get the hell out of a war zone and you have a great memory, you’re gonna cope and seethe if you don’t have bitcoin. And all those dumb stupid land owners with all their gold are just wasting their time with all that maintenance. I mean who the hell wants gold or land when they can memorize a 15 digit code to claim their electrons on the tip of a pin that represent real wealth!
What the hell was I thinking?
And it’s also just a smart moral reasonable store of value against inflation with its 50,000% increase in 8 years that requires more and more people to buy them and not use them.
And there’s no fucking chance that those damn central bankers saw any of this coming. Right under their damn noses! Being debated about and pushed on the very media they own! How could they be so damn stupid?!
To the mooooooon

>> No.57865581

>gold salesmen says to buy gold

goddamn

>> No.57865647

>>57864993
patience, perseverance, strength
hang in there brother, we're going to make it

>> No.57865709

>>57860421
Use bitcoin to double your money then get double the gold, use huge gold reserves as collateral to get bank loans after inevitable 80% drop after 3x ath bitcoin as always happens every decade get a 21x

>> No.57865753
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57865753

Beta doesn't matter in-the-limit, only alpha. Volatility is unironically good in a store of value as it keeps high time preference subhumans out.

>> No.57865764
File: 3.55 MB, 4000x3000, 20231226_233915.jpg [View same] [iqdb] [saucenao] [google]
57865764

>>57865709
high iq advice
I'd add a bit of silver as well

>> No.57865796
File: 804 KB, 2048x2048, 1698663680698869.png [View same] [iqdb] [saucenao] [google]
57865796

>>57860438
BTC is God(the superorganism Economy)'s will made manifest, you will bend the knee or burn for your heresy

>> No.57865847

>>57864235
/thread

>> No.57865858

>>57860633
False. Volatility is good as if keeps the pseuds and other normie trash away from the holy ledger.

>> No.57866088
File: 3.20 MB, 1400x933, rai stones.png [View same] [iqdb] [saucenao] [google]
57866088

>>57860899
Dullard. The value of a Store of Value is derived from demand for Store of Value, SoV stores value dispersed within the economy by being something that meets the demand for SoV, if I buy something with good SoV properties and high network effect then it will have SoV demand in the future and therefore hold real terms value. SoV, not medium of exchange, is the primary function of Money as this function can only be properly met by something abstract

>> No.57866449

>>57861566
jews dont create anything, they steal.