/biz/ - Business & Finance

>>58300895
>what about as a store of value?
BTC is a legendarily shitty store of value, unpredictable and liable to drop at any moment. A SoV needs to be predictable years into the future to inspire the necessary confidence to use it.

Most telling of all is how when traders need an actual store of value to lock in their crypto profits they don't use BTC - they use a stablecoin.

>>57791781
>It's a store of value.
AHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

>>57521505
>BTC's worth is derived from demand for Store of Value

"muh SoV" is my favorite forced Bitcoin meme.

>>57458558
>>BTC is for hodling, i.e. saving money

Bitcoin is now largely useless:

- too volatile and unpredictable to function as a reliable store of value
- too expensive and insufficiently fungible to function as a reliable medium of exchange
- diminishing utilitarian demand due to it sucking so much

Bonus: rampant price manipulation creates a false sense of value that will inevitably evaporate over time.

Conversely, Monero has constantly GROWING demand from real-world commerce sectors due to its superior MoE fundamentals, which in turn lays the groundwork for it to eventually become a reliable SoV.

TL;DR: Monero is going places, Bitcoin is breaking down.

>>57308943
>BTC still is the better store of value.

This is the most hilarious meme the Bitfags ever concocted: "muh store of value" even though nobody actually uses Bitcoin as a store of value because its simply waaaaaaay too volatile and unpredictable to function as a reliable store of value.

Its also utterly useless as a medium of exchange so ultimately BTC is really only good for gambling with, a veritable ponzi token with no organic economic activity propping its value up.

$100K end of year!

>>56908282
>You spend so much time being wrong on that subject it’s funny lol. Utter cope about market dynamics you don’t comprehend. Volume is above 20 billion for Bitcoin daily, glownigger.

lol yes, its all one great big conspiracy, right? The kike media, academia and journalist-industrial complex are all colluding in a global FUD campaign to scare away noobs and ensure they have fun staying poor as clueless fiat slaves!


>It’s a deflationary store of value that is so much better than fiat

kek so we're back to this forced meme again? Actual stores of value are terminally stable and maintain their value *reliably* over time....what ballpark price will BTC be a month from now? Six months from now? A year from now? The fact that nobody can say with any degree of certainty tells us everything about this completely horseshit narrative.

So no, BTC is clearly not a store of value nor is it a reliable medium of exchange anymore. It has devolved into an over-hyped ponzi token that clueless rubes buy because onions influencers have convinced them they can totally become millionaires simply by holding it. No amount of mental gymnastics or narrative shifts will change this demonstrable FACT. But I'm sure you'll try.


>even central bankers want to buy it

You really should consider a career in comedy.

>>56749267
>capability as store if value and you know it.

lol another dumbass maxi narrative, nobody is actually using BTC as a store of value. You'd have to be legit demented to expect something that volatile and unpredictable to reliably function as a SoV.

There's a reason why Tether needed to be invented and is still so widely used.