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/biz/ - Business & Finance


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8413918 No.8413918 [Reply] [Original]

Normans don't care about "the tech". They only buy because of FOMO.

What really matters is - What the fuck can you buy? If there were actually things you could buy with crypto - the price would stabilize.

For example, lets say there was a real-estate company with 100 billion in properties for sale that accepted Fiat, BTC and ETH. Once an arbitrage opportunity presented itself between the three currency pairs, the price would stabilize.

The problem is - YOU CAN'T BUY ANYTHING WITH IT. It has no real long-term value at all outside of speculative trading. What are we speculating? We are speculating the future value of crypto for purchasing goods and services.

So tell me mother fuckers - what can I buy with ETH and BTC - RIGHT NOW. Where are the arbitrage opportunities? Unless there is billions of dollars worth of merchandise for sale at fixed ETH/BTC prices - there is no real floor.

>> No.8413931

>>8413918
crytoASSET

>> No.8414006

you can buy delivery food in berlin