/biz/ - Business & Finance

You will yourself in 5 years when you are left holding worthless fiat and 1 BTC holders are local moguls.

Brad Sherman = Deluded kike arguing FIAT is better than BTC because his cousins took over the FED

>>10358375
WE BULL NOW

No, you will sell, at any rate.

You just have to hold 1 BTC for 10 years, but you will not.

Bitcoin is going to $1,000,000 as it is the schelling point in which wealth will go to as USD defaults on unpayable debt (hint: $21 trillion debt)

Go read Jonh Nash's Ideal Money.

>unironically selling BTC in exchange of (((fiat)))
>"look MOOOM I made gains"

Buy 100k worth of Bitcoin and hold.

>>10241365
No, you will kill yourself in 2028 as you sold it in exchange of (((USD))) a long time ago as BTC becomes world reserve currency.

>he (((cashed out)))

We passed the point of no return a very very long time ago. Nothing within Trump's tenure compares to:

1. The Federal Reserve Act
2. The creation of the FDIC as a temporary emergency measure (which became a permanent taxpayer funded put option on depositor liquidity for the private banking industry)
3. Temporary suspension of dollar convertibility to gold in 1973 (made permanent)
4. Implicit bailouts post 2008, and near zero rates for 10+ years, negative in some countries. US Government picking winners and losers. Essentially a blank check for the housing debt market, health insurance market, education market distorting prices.

I could go on. The point is, Trump has nothing to do with it. The majority of well-off adults who do not work in high finance still think the dollar is backed by gold, only know about 2 buildings falling on 9/11 and don't ask any questions, and blame everything on Trump because he isn't 100% scripted like every other politician before him during their lifetimes.

>>10229155
Does Bitcoin rings a bell? It's rather obvious it meets the criterion discribed by Jonh Nash in Ideal Money, creating an ideal schelling point for all mega billionaires worldwide which couldn't care less about nation states. Yet you short-sighted fucktards are worried about the valuation of a Bitcoin against a dead currency.

https://www.youtube.com/watch?v=PzFEs_9eNsU

Just lol at inflation.

Im going to buy a palace with 1 BTC in 10 years, and nocoiners will have to cope with the fact.

>they still count their wealth in USDcoin terms instead of in BTC
Oh boy. You don't understand anything don't you?

>>10217901
>he still counts "gains" in USD
Not going to make it.

>>10074308
Getting rich with Bitcoin required (and requires, as it will be worth $1,000,000 in 10 years) the hindsight to see why it is valuable. You didn't, and you clearly do not know what Bitcoin is.

People simply fail to grasp that Bitcoin - and cryptocurrencies generally - absolutely supercede the authority of any single nation state, as cryptocurrencies are the first DECENTRALIZED WORLDWIDE CURRENCIES to EVER EXIST! The financial industry doesn't know how to handle this because it is re-writing the rules!!

Bitcoin is sovereign, the world just hasn't figured it out yet.

All fiat currencies are zombies, waiting to implode and rot away. The world just hasn't figured it out yet.

And given the political shitstorms coming within the next two decades, this process may happen surprisingly and dangerously quickly.

Bitcoin having to "interact" with the SEC is tantamount to an age 18-24 internet user having to "interact" with a fax machine to get some document to their out-dated, irrelevant government.

In other words, a cringe-worthy, ritual charade.

P.S.
Stop thinking in terms of months and years, start thinking in terms of decades, and realize fiat is already dead, and by comparison crypto is relatively immortal.

Sure it's summer here.

Here's cliffs for a summer brainlet:

1) All altcoins are shit because PoW is the only way to beat entropy and keep your money safe
2) Due Pareto law distribution, physics dictate 80% of electricity will be spent on Bitcoin and it's network effect will keep growing
3) Empires come and go dua fiatolas blowing up on a long enough timeline, and Powellcoins have no more than 20 years left to lose world reserve currency status
4) When this gap is opened, Bitcoin will be world currency reserve (because Chinks and anyone with a brain in power will have been amassing it for years while you gambled your moon tickets on pajeetolade).

Now you can continue lossing bitcoins on shitcoins and counting gains on (((USD))), then regret 10 years later about how you could have been part of the new world order's Rothchilds.

Here's cliffs for a summer brainlet:

1) All altcoins are shit because PoW is the only way to beat entropy and keep your money safe
2) Due Pareto law distribution, physics dictate 80% of electricity will be spent on Bitcoin and it's network effect will keep growing
3) Empires come and go dua fiatolas blowing up on a long enough timeline, and Powellcoins have no more than 20 years left to lose world reserve currency status
4) When this gap is opened, Bitcoin will be world currency reserve (because Chinks and anyone with a brain in power will have been amassing it for years while you gambled your moon tickets on pajeetolade).

Now you can continue lossing bitcoins on shitcoins and counting gains on (((USD))), then regret 10 years later about how you could have been part of the new world order's Rothchilds.

Here's cliffs for a summer brainlet:

1) All altcoins are shit because PoW is the only way to beat entropy and keep your money safe
2) Due Pareto law distribution, physics dictate 80% of electricity will be spent on Bitcoin and it's network effect will keep growing
3) Empires come and go dua fiatolas blowing up on a long enough timeline, and Powellcoins have no more than 20 years left to lose world reserve currency status
4) When this gap is opened, Bitcoin will be world currency reserve (because Chinks and anyone with a brain in power will have been amassing it for years while you gambled you moon tickets on pajeetolade).

Now you can continue lossing bitcoins on shitcoins and counting gains on (((USD))), then regret 10 years later about how you could have been part of the new world order's Rothchilds.

When did you realize Bitcoin is the only asset which you can claim to truly own therefore valuations in assorted fiatolas are completely irrelevant?

>>9932377
Bitcoin is going to infinite and alts are going to 0, as thermodynamics dictate.

>>9922173
cope