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

/biz/ - Business & Finance

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7329727 No.7329727 [Reply] [Original]

Let's say Bitcoin rebounds and shoots up to 40k.

Only there's a problem. How do you cash out at that point? Who is willing to trade you $40k in fiat when Bitcoin is prone to these massive crashes, which are guaranteed at this point?

No one is going to throw money away like that.

>> No.7329756

please be bait

>> No.7329789
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7329789

>>7329727

>> No.7329815

>>7329789
>>7329756
Not an argument

>> No.7329838
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7329838

>>7329727
>Who is willing to trade you $40k in fiat when Bitcoin is prone to these massive crashes, which are guaranteed at this point?

>> No.7329850

>>7329727
The "value" of bitcoin is a measure of how much people are willing to pay for it you dumb frogposter.

>> No.7329854

Exchanges

>> No.7329884

>>7329727
The most stupid thing i have ever read.

>> No.7329892

>>7329854
The exchanges won't want to deal with a currency that dies overnight

>> No.7329898

Yeah, it will be take a while for people to throw money at this shit again

>> No.7329901

>>7329727
why did anyone invest in the stockmarket after the great depression
why did anyone buy houses after the housing bubble
why did anyone buy bitcoin after mt gox
you greatly underestimate greed

>> No.7329907

>>7329727
if it's at $40k in an exchange it means someone is looking to buy it for $40k

>> No.7329945

>>7329727
>doesn't even know the most basic principle in trading
Wow, you're stupid.

>> No.7329967
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7329967

YOU DONT UNDERSTAND
$50K will be the new trading RANGE

THis is right you myst hold a single bitcoin

>> No.7329975

>>7329727
You can sell 0.00001 bitcoin to 5000 people

>> No.7329993

>>7329892
of course they will, they make money on every transaction you stupid idiot

>> No.7330022
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7330022

>>7329727
>the """"""""Intelligenz"""""""""" of your average /biz/ """"""""""""""""""investor""""""""""""""""""

>> No.7330080

>>7329727
Can someone post the Elmo Btc price gif

My friend bought 5 grand of btc at 16k and I want to fuck with him

>> No.7330131

>>7329850
>7329850
Something catched

>> No.7330150

>>7329727
You realise for every order there is a buyer and a seller? How would it reach $40k if there wasn't someone willing to buy and someone willing to sell at every cent up to that point?

>> No.7330178
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7330178

>>7329815

>> No.7330193

>>7329727
hey bud, let's just say it shoot up to 1 trillion why not same fantasy land

>> No.7330219

>>7329727
>who’ll buy your bitcoin at 40k

The guy getting liquidated during the short squeeze.

>> No.7330289

>>7329727
>Paying semi-legitimate money for a total ponzi scheme.
See, the problem is you fuckers ran out of idiots to pedal your monopoly money off too.
>b-b-but muh proof of work!
Energy expended isn't actually worth anything.
Work is only valuable when it produces something of value.

>> No.7330334
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7330334

>no one can deny op's argument
>calls him stupid

>> No.7330413

Does this guy think the market value of an asset is a random number and you either bite or don't?

>> No.7330424

>>7330150
>You realise for every order there is a buyer and a seller?
not for fiat

>> No.7330428

I don't see how anyone would buy bitcoin above 10k after this.

>> No.7330488

thanks op i had a hearty laugh

THE ABSOLUTE STATE

>> No.7330515

>>7330428

>after this

after what? fucking newfags who have experienced only one bear market smhhhhhhhhhhhh

>> No.7330585

>>7329727
it not going to make it to 40k if no one will buy it at 40k. thats the whole point! if it does make it that high, that literally means someone will buy it that high. holy fuck that was a dumb statement

>> No.7330869

>>7330424
Yes nigger, for fiat. How do you think you 'invest' in bitcoin? You use your fiat currency to buy someone's bitcoins and they are selling those 'cashing out' to you.

How basic are you?

>> No.7330946

>>7329892
>exchanges wont want to deal
Do you even know how they make money you fucking retard.

>> No.7330997

>>7330869
>he thinks all of these trades are people cashing out to fiat
lmao my dude. just lmao

>> No.7331110
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7331110

>>7329815
>Not an argument
kys you retarded plebbit faggot.