Crypto is fucking stupid

[Anonymous No.59537617]

Crypto is the modern equivalent of Beanie Babies. People only buy this stuff because they think it will be valuable.

One day the fad will die and cryptocurrencies will lose their value.

[Anonymous No.59537652]

>>59537617
Beanie Babies were objectively more scarce than "cryptos" thoughever, with a narrower selection of assets. This is because beanie babies were made by one company in chinese factories, with speed of development and production capacity limited by physical constraints, whereas "cryptos" are made at infinite quantity at no cost by anyone globally with a computer.

[Anonymous No.59537662]

>>59537617
>One day the fad will die and cryptocurrencies will lose their value.
Nocoin copemantra since 2017

[Anonymous No.59537686]

>>59537652
Making crypto does cost money though, in electricity

Still, the similarity is that people aren't buying these things to enjoy them, which is what normally happens when people buy a product. They're buying them only because they think they will increase in value.

>>59537662
>Infinite growth is totally possible! Please hold my bags!

[Anonymous No.59537699]

>>59537617
Great take. Congratulations.

[Anonymous No.59537790]

>>59537699
Thanks lad

[Anonymous No.59537890]

Crypto was meant to be the bridge onto CBDC, But CBDC's are dead on arrival so now Bitcoin has become their Plan B.

[Anonymous No.59538176]

[Anonymous No.59538216]

>>59537686
>>Infinite growth is totally possible! Please hold my bags!
Can you tell Wall street this mind bending epiphany?

Inb4 what is fiat and how is it made, what is inflation and debasement of currency

You can cope in this safe space here
https://www.reddit.com/r/Buttcoin/?rdt=52679

[Anonymous No.59538236]

>>59538216

[Anonymous No.59538247]

>>59537617
name 1 crypto that actually has a use case

[Anonymous No.59538250]

>>59538236
Yes lets limit the scope from crypto in general to Boomercoin specifically. Whatever makes you cope I guess.

[Anonymous No.59538255]

>>59537890
>But CBDC's are dead
Stop! my erection can only get so big.
FUCK Shwab's CBCD dystopia bullshit. Imagine owning some (((government currency)))) that can have a fucking expiry date and can be removed with the click of a button.

[Anonymous No.59538434]

>>59538247
XMR

[Anonymous No.59538441]

>>59538250
It's all the same shit.

[Anonymous No.59538641]

>>59538216
>that pic
The thing about stocks is that they have actual value. If you buy stocks in Apple for example, you own a little bit of their offices, their employees, their labs, their equipment, etc.

With Bitcoin you just own some digital data, and that data doesn't really have inherent value. People might get bored of it at some point and move onto something else.

Digital data can have inherent value I guess, in the case of a movie file, or a video game, etc. You can get hours of entertainment out of those things. But that's not the case with crypto. It just sits there. Arguably the only thing it's useful for is buying drugs on the internet (and other criminal transactions) but that's a pretty niche use case. And many cryptocurrencies, including Bitcoin, are bad for that purpose because they're traceable.

[Anonymous No.59538654]

I wish I could power my car with goldbug cope from getting anally gaped by Bitcoin. Would be infinite free energy!

[Anonymous No.59538681]

>>59538654
>>Last time you paid a utility bill.
>>Did you use an app?
>>Did you send exact change in an envelope?
>>If App;than cypto makes sense since the future is increasingly and exponentially digital.

[Anonymous No.59538852]

>>59538654
All you're saying is "I won some money by gambling", which is fine, but gambling is still stupid because most of the time, you'll lose money

[Anonymous No.59538877]

>>59537686
>similarity is that people aren't buying these things to enjoy them, which is what normally happens when people buy a product

OMFG I JUST LOVE MY STOCKS I LOVE LOOKING AT MY STOCKS THATS WHY I BUY THEM!

[Anonymous No.59538899]

I love putting my beanie babies into decentralized markets and making lots and lots more beanie babies with little to no effort

>oh wait

[Anonymous No.59538925]

>>59538852
That’s why it’s better to invest in altcoins with long-term products like Natix, so you don’t have to stress right now.

[Anonymous No.59538943]

>>59537617
I bet you're really fun at parties.

[Anonymous No.59539002]

>>59538877
See: >>59538641

>>59538925
>Dude you should totally invest in GreatCoin™, you're guaranteed to make money!

>>59538943
I've had good times at parties. In fact one of the good things about socialising is that you can discuss things like this, sharing different opinions. Instead of everyone circlejerking the same opinion as you often see on 4chan. That's just boring.

[Anonymous No.59539021]

>>59539002
Why not just watch number go up like the rest of us CHUDs? were all having fun in here

[Anonymous No.59539041]

>>59539002
ok I'll discuss. I can send you any amount of bitcoin right easier than I can send you anything else in the world. You would get it in a matter of minutes. The transaction is more secure thanmost anything else. That alone makes BTC extremely useful.

[Anonymous No.59539057]

>>59538641
>If you buy stocks in Apple for example, you own a little bit of their offices, their employees, their labs, their equipment, etc.

lmfao... you dont actually believe that do you

[Anonymous No.59539128]

>>59539041
When I need to send money to other people I just do a bank transfer. A lot of the people I know are with the same bank so the transfer is instant.

>>59539057
You own a little bit of the company and the company owns buildings, labs, IP, etc

Companies are tangible things which produce profits, so there's value to owning stocks

Crypto is just some random digital data

[Anonymous No.59539248]

>>59539128
You're glossing over so much stuff, half of It already spelled out for you. You are disingenuous which leads me back to my original statement: I bet you're fun at parties. Have you nobized people trying to find an exit when having these sorts of conversations with you? start paying attention and see.

[Anonymous No.59539366]

>>59539248
>Have you nobized people trying to find an exit when having these sorts of conversations with you?
No. Most normal people agree with me, that crypto is stupid.

[Anonymous No.59539471]

>>59539366
so you're happy to be a normal fag with status quo opinions? Have you ever considered going back?

[Anonymous No.59539741]

>>59539471
I think for myself

So many people on 4chan think they're free-thinkers but they're not. They parrot the same opinions over and over again.

[Pepe No.59539747]

Russia uses bitcoin retards because its usefull.

[Anonymous No.59539761]

>>59537617
I became a multi billionaire off beanie babies. What is your point?

[hac mac No.59539775]

free cash flow and some old rich fox

[Anonymous No.59539979]

>>59538852
>go to casino every week
>gamble a little bit of money every week
>consistently come out massively ahead for a number of years
?

[Anonymous No.59541214]

>>59537617
>People only buy this stuff because they think it will be valuable
Congratulations you just summarized human history! Like Amazon in 1999, I know it will be valuable, but I don't know when. So I'm going to dump it on you and the institutions that buy it!!

[Anonymous No.59541471]

>>59541214
>>59541214
Why does bitcoin start from 2014? People were already mining it in 2009 and it was already financialized by the Winklevosses sometime in 2012.

[Anonymous No.59541479]

>>59539741
you should go to reddit tho

[Anonymous No.59541481]

>>59537617
Biggest problem with crypto is that it has never experienced a real bear market. The true test will be a 2000 - 2012 scenario. It will probably die happens.

[Anonymous No.59541519]

>>59537686
>enjoyment drives the market
We have not even begun to see the hard times yet.

[Anonymous No.59541757]

>>59541471
I'm guessing it wasn't a big enough bubble at that time to make the chart. Like Oil didn't start in 2005,

[Anonymous No.59541764]

BTC is a simple computer network game where people compete to compute a hash, with the reward, a unit of the game, being transferable within the game. Nothing more, nothing less.

The novelty lies in the autonomous, trustless, decentralized nature of the game and its rules, which renders the game-unit a fixed unit of account, the world's first.

Fixed unit of account is desirable because the only way to transfer value temporally is to hold assets that will have demand in the future. Increasing supply is equivalent to decreasing demand so being constrained in supply is necessary. To transfer value into the future I therefore want two things: constrained supply (preferentially fixed) & network of use as a constrained supply asset. I want these things because I know that the future will also want these things, I want the largest fixed unit of account as it will be in demand in the future, I want BTC. BTC = Value.

[Anonymous No.59542214]

>>59537617
people only invest in anything because they think it will be worth more later

[Anonymous No.59542397]

>>59539741
THIS

[Anonymous No.59543516]

>>59537617
Shut up and buy memes

[Anonymous No.59543539]

>>59537652
>"cryptos" are made at infinite quantity at no cost by anyone globally with a computer.
Is mining still a thing for little Joe and his 5 year old gpu tho? Last time I checked it was better to just buy btc rather than mine it. Not sure about the other coins.

[Anonymous No.59543753]

>>59539128
>You own a little bit of the company and the company owns buildings, labs, IP, etc

You don't own shit. Do me a favor, try selling your portion of those things. Think a little deeper than textbook surface level


>>59541481
Didn't you realize they changed the game so that drawn out bear market never happens again? The response to that was QE, and then btc was invented...

[Anonymous No.59543824]

[Anonymous No.59544975]

>>59543824
https://www.smithsonianmag.com/history/there-never-was-real-tulip-fever-180964915/