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/biz/ - Business & Finance

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File: 15 KB, 236x248, 9befe6eb99f460d0eda3488811353566--frog-meme-the-frog.jpg [View same] [iqdb] [saucenao] [google]
8870844 No.8870844 [Reply] [Original]

debit card payment in my bank is free and instant
my money is safe, protected by jews and i can never ever lose access to it as long as i am myself
also my money never loses or gains value, i am sure that if i pay 100 of my country monies now, it will be worth similiar amount of goods 1 year from now, or even 10 years from now


now tell me
WHY THE FUCK WOULD ANYONE EVER USE SOME SHADY CRYPTOCURRENCY THAT IS WORTH 10$ ONE DAY AND 2$ NEXT DAY AS A PAYMENT AND MONEY STORAGE METHOD?

>> No.8870852
File: 35 KB, 554x439, 77469461368487.jpg [View same] [iqdb] [saucenao] [google]
8870852

Well, we all speculate with it, no one seriously uses this stuff for what it is intended.

>> No.8870868

>>8870844
>money never loses value

what did he mean by this?

>> No.8870913
File: 881 KB, 1700x1095, dollar.jpg [View same] [iqdb] [saucenao] [google]
8870913

>>8870844
>What is inflation?

>> No.8870921

>>8870868
nigger, if i have 10,000$ i am sure that if i hold it, it still will be worth much 50 years from now
enjoy having your money in some crypto"currency" that loses 20% of it's value on daily basis when someone posts
>muh nigerian hackers hacked dem bitcoins!!!!

>> No.8870941

>>8870844
Shhh....If you listen closely, you can hear the sound of brainlets head's exploding

>> No.8870998

>>8870921
Sure you will still have $10,000 but the purchasing power of that $10,000 will lose a lot more than 20% in 50 years. Just look at the pic I posted above.

>Purchasing power of $1 in 1913 = $1.00
>Purchasing power of $1 in 1963 = $0.33
>Purchasing power of $1 in 2013 = $0.05

>> No.8871007

>>8870921
In 50 years your 10k will be worth very little

>> No.8871053

>>8870844
Equities, index funds and emerging ETFs exist. Why would anyone with a brain let their money depreciate?

>> No.8871252
File: 20 KB, 306x306, sdoisfoijs.jpg [View same] [iqdb] [saucenao] [google]
8871252

>>8870998
Now look up, how much you got per hour of work.

>> No.8871280

>>8870921
>nigger, if i have 10,000$ i am sure that if i hold it, it still will be worth much 50 years from now
holy shit you are retarded

I am sure glad that retards like you won't make it when BTC goes to 100k in 2021 because you don't understand the difference between an inflationary currency (fiat) and a deflationary hard asset (bitcoin)

>> No.8871308

Volatility decreases with mass adoption.
The question is, do you want to get in on it with all the other normies when it's in everyday use or become an early adopter with an amount you're willing to lose and make money.

>> No.8871310
File: 18 KB, 640x378, Wage_stagnation.png [View same] [iqdb] [saucenao] [google]
8871310

>>8871252
You're retarded, real wage growth has been stagnating since the 1970s

>> No.8871378

>>8871310
Does not make the single diagram of >>8870913 any less retarded, because the diagram of yours is what tells us what the actual problem is.

>> No.8871463

>>8871378
Purchasing power of fiat goes down long term. Wages go down long term

Why the FUCK would you want to hold fiat long term? Do you hate yourself and money? Crypto is one of the few things that will save you from a lifetime of Bernankified debt-fueled wage slavery.

>> No.8871533

>>8871378
Both are the problem.

Feds keep printing unlimited money inflating the fuck out of it while wages stay stagnant which means the average wagecuck gets double fucked

>> No.8871546
File: 6 KB, 232x218, AAAAAAAAAAHHHH.jpg [View same] [iqdb] [saucenao] [google]
8871546

>>8871463
>Why the FUCK would you want to hold fiat long term
Who the hell said you should hold fiat?
Stocks, bonds, venture capital, real estate - the world is full of investment opportunities, you just need to have at least half a brain to invest into them.

The problem with the stagnating purchasing power is actually (among others), that the society becomes more and more impermeable, socially as well as financially, creating a modern form of feudalism.

>> No.8871572

>>8871546
So why not hedge 10% of your portfolio into crypto? Especially since it's an asset that's highly non-correlated with stocks, bonds, (at least over the long term, not sure about recently)

>> No.8871579

>>8871546
Did you not read the thread anon? Fucking OP thinks holding fiat long term is a good idea.

>> No.8871609

>>8870844
>What is inflation

>> No.8871630

>>8871572
I tend to separate speculative adventures (crypto) from my investment portfolio. Also: the higher the risk, the worse high-risk assets usually perform. Take e.g. pennystocks - easily the worst performance in every crisis in history.

>>8871579
I pointed out that your diagram in >>8870913 is retarded and represents the problem in a misleading way.

>> No.8871699

>>8871252
That doesn't change anything genius, anon is talking about hoarding his paper money, not earning more.

>> No.8871745

>>8871699
See >>8871630