/biz/ - Business & Finance

Ok this is my last time asking these questions and I will screencap the responses and use them as a reference point for next time.

>How is BTC investing and not a digital lottery, making it a form of gambling? You're not buying a product or getting a share of a company. You're not exactly "investing in the future" either because BTC has existed for over a decade.
>Why is it that the general public has been aware of BTC for 12 years but it's still not used anywhere?
>Why is it that you have lost use cases instead of getting more of them? I was a BTC guy in 2018 and remember having ATM's in my town, they're gone now. Why?
>What is BTC's value based on? I claim it's based on how badly people want to get rich. During tough times (covid) the value peaks because people are desperate and are grasping at straws. BTC is a grasping-at-straws type of digital lottery, not digital cash. BTC is thin air and the value is a numerical representation of how badly our society is doing. A good society doesn't need BTC.
>How is BTC better from FIAT? You get rid of banks and get shady, criminal marketplaces to deal with instead. My phone number got sold to several worldwide spammers the second I bought crypto.
>Volatility will never stop, because you don't want it to stop. You're in it for gains, not for toppling FIAT. You live and breathe the volatility and you want it to be drastic.
>Explain how BTC will function in the real world with 50-euro transfer costs and slow transfer times.
>Explain how practical it will be when a cup of coffee costs 0.052 * 10^-9 BTC.

Didn't some guy say that he'll eat his own balls if BTC doesn't hit 500k till some year, like 2018?

Let me guess, he's pretty quiet these days.

>>7528028

I tried to buy Bitcoin from a local ATM and it said they won't sell because of high transfer costs.

So you can't even buy BTC at the moment. Wow what a decentralized currency that won't be stopped by governments and banks - but the technology itself!

Here's more OC.