/biz/ - Business & Finance

I have shekels in both.

>>13483867
I mean philosophically.

>>13483853
because they literally don't
/biz/ is not everybody

>>13483916
In new to this board. Based on what I’m reading over here >>13482873 the sentiment seems pretty bearish on crypto. Is that right? Or is it debated.

>>13483930
I think you should leave /biz/ at once if you don't know your way around here. It's a cesspool.
Did that guy even give you a proof? How do you know he's not larping?
Never listen to frogposters, wojakposters, half-naked women posters and other cancer

>>13483962
Lol. I’ll hold out hope for at least this thread.

>>13483853
I don't think bitcoin is going anywhere
people complain the blocks are full but in the end that just means it's being used and 100s maybe 1000s of people are developing on it

I have some stocks but I think bitcoin is the most interesting bet of our lifetime due to its resistance to government interference and worldwide distribution

>>13483853
>telling other people to do risky things
Paul? That you?

>>13484004
I’m not asking opinions of whether it’s “going anywhere” I’m asking how “currency isn’t a stable store of value” is NOT an absurd argument for crypto given the existence of stocks and bonds.

>>13484045
Check the ID goyim

>>13483930
> The sentiment is bearish. Oh you poor poor child. Begone from this hellhole and save yourself.

Sure most of these companies are based on extracting profit from people.
Whenever they pay for the service.
That means the companies rely on a good economy.
Currencies are fine under a good economy too, inflation is low.
Crypto users speculate we are in for a bad economy. Under such conditions stocks and currencies collapse which are backed by government. Think of the Wall Street Crash.
Much funding into the stock market comes from people's pensions and directly from govt taxes.
In a bad economy less work, less pay taxes, less mandatory payments enter the stock market.
Not to mention all of the pensioners who are of the baby boomer generation are beginning to retire and withdraw their money from the stock market. Now the people of today pay less money into the stock market than the boomers did, after accounting for inflation since they were paid less in relation to property prices, living costs etc.
I could go on...

>>13484154
I’m also a bear. If you understood the OP you would know I think cryptobros are retards. I hope that shit goes to zero.

>>13484177
Whatever hippie

>>13484198
Good. gtfo non-fren

>>13484004
Also the supply is known and defined until the end of time

>>13484198
Why did gold perform well after Wall Street Crash?
Why could people not afford to buy any luxury goods, yet the price of gold held its value.
Inb4 if they can't buy food they won't buy gold.
History proves you wrong, gold performs well in a crash.

Rich people take desperate measures to store wealth and they are the market movers.
Crypto was designed to be utilised in a recession.
Think for yourself.

>>13483853
"Any sufficiently advanced technology is indistinguishable from magic."

>>13484257
>gold is valuable, therefore crypto is valuable
Nice logic cryptard

>>13484701
>Nice logic cryptard
Wow you are such a retarded newfag it's almost cute.

>>13484824
The entire crypto usecase is a straw man. Create the problem and sell the solution. Get in early and profit off the lemmings. Get fucked.

>>13484701
https://files.catbox.moe/7xgjhx.webm
https://youtu.be/-ps5Tu0kdPY?t=1403 (23:23)

>>13485179
Hoy fuck bitcoin is boring. Yawn.

>>13483853
zombie companies, zombie stock market, zombie economy that can only survive by eating people's brains.

>>13485297
https://youtu.be/AXH3GOuOGuI

>>13484824
what a stellar argument anon

every stock is at ridiculous all time highs, bigger bubble than crypto. I'm not buying boomers bags.

>>13485433
What a cunt

>>13485473
Ok so unironically, bitcoin ideology is literal apocalyptic survivalism. Even though once the grid goes down and the happening begins, the currency will be milk and bullets rather the electronic fairy dust.

>>13485426
>the whole world is a “zombie”
Get a grip

>>13484974
Crypto's origins didn't have anything to do with making money off of newcomers. Scams exist, but that doesn't invalidate the use case of a trustless, permisionless currency system running on software. If you can't understand why a fungible (and potentially private) transfer of value between two parties that requires nothing other than the internet existing to function can act as a store of value then you are just another boomer-tier brainlet that can't be fucked to spend literally ten minutes figuring out why people are following crypto.

>>13485480
>t. NPC

>>13485494
that has nothing to do with what I said

>>13485473
>every stock is at ridiculous all time highs
>every stock
>mfw
you clearly know nothing about the market and the massive quantity of different stocks that exist
>bigger bubble than crypto
also wrong, there are thousands of publicly traded stocks and currencies across several countries with different economies all at different price points, it sounds like the only reason you like crypto is because you can buy small increments of it for cheap, which you can do with most types of stock
not saying that crypto is bad, but rather your argument against stocks is fucking stupid and uninformed, realistically you should be buying both

>>13483853
Less than 750k people in the entire world own at least 1 BTC or more. It's a pretty small group desu.

>>13485508
Took you long enough to reply, boomer.

>>13485533
>the entire real economy is a bubble
It has everything to do with what you said.

>>13485594
The existence of stocks and bonds destroys the whole “greenback isn’t a stable long store of value” argument lol. Only an idiot invests in greenbacks. Btc solves a nonexistent problem.

>>13485535
It's a hyperbolic generalization, but it's true. I'm certain that there is money to be made in stocks, but in general it's already a deeply rooted and inflated legacy market. I'm sure you're tony hawks pro trader who only buys sick hidden gems tho so you do you boomer.

>>13485617
>Btc solves a nonexistent problem.
billions of people being unbanked is a problem

>>13485617
>>the entire real economy is a bubble
>It has everything to do with what you said.
when did I say anything about "the grid" or your dumb apocalyptic shit that you nocoiners are obsessed with. The economy and world can slowly go to shit without us losing electricity and having to trade bullets.


nocoiners are subhuman, leave our board.

>>13485509
Is she NOT a cunt?

>>13483853
non-unironically, in order to "make it", you must cash out to fiat. but cryptofags won't admit it. they think btc will be used just like fiat is now.

i ask myself the same thing when i see crypto portfolios 500k+. you could easily live off dividends and interest with that. but they'd rather gamble rather than steady pretty much guaranteed returns

>>13485631
>implying lack of access to banks is the reason the third world is a toilet
Nice one.

>>13485640
Lol, short the real economy and invest in pixie dust?

>>13485652
Unlike the stock market (aka real economy aka civilization) crypto is going to zero.

>>13485650
no
>>13485670
yes
>>13485678
https://99bitcoins.com/bitcoin-obituaries/

>>13485629
>uniroically using boomer as an insult
i'm 21 and in college, I've seen people with little money make good investments in stocks and i've seen rich people on wall st. lose money in stocks, it happens everyday same as crypto, its not like every person who makes a killing off of stocks are rich forever, in fact a lady i know who has been working securities at goldman for a looong time told me that she often sees new college hires come in and start hustling really hard and killing it on the stock market and also sees people who have been doing really well for years lose it all because they got cocky and lost their edge. saying that because stocks have been around for a long time and therefore are bad is stupid, the stock market constantly fluctuates and changes, and you don't need to find "hidden gems" to do this, you can invest in whole enterprises such as currencies, real estate, tech, agriculture, financial institutions, energy, food, hell there are even fucking public strip clubs you can invest in. you say that stocks are "deeply rooted" yet there are constantly new stocks being made that become insanely valuable, however you don't need to find "hidden gems" to make it big you just need to know the flow of different economies across the globe, the problem with only investing in something like bitcoin and nothing else is that your investment is reliant on the status of one currency and therefore your portfolio is not diversified at all, which is why i say, you should do both otherwise you're taking a huge risk

>>13485711
>tonnes of smart people thinking that it will go to zero is evidence that it won’t
>contrarian edginess is value creation
The absolute state of pixie-dust-induced psychosis.

>>13485789
k

>>13485789
stop responding to the guy giving the shitty meme-tier responses

>>13485617
>Took you long enough to reply, boomer.
So you have no argument. Cool. Stay poor.

>>13483853
because only the financially illiterate are buying boomer bags

>>13486020
I’d rather be a multimillionaire in the stock market then a hundred millionaire in the pixie dust crack market.

>>13486094
Graduate high school first.

>>13486094
>being this stupid
diversification is economics day one, i'm not saying that crypto is bad like op, but ONLY investing in crypto is just as retarded as putting all your money into one stock

>>13485916
Meme currencies go up in value, meme replies get replied to. Welcome to earth

>>13486200
>Meme currencies go up in value
Your first accurate statement in the entire thread. Congrats on this, seriously.

>>13486233
A meme currency sound cool. I would much rather invest in a meme currency than whatever the fuck monstrosity this is:
>trustless, permisionless currency system running on software which is also a fungible (and potentially private) transfer of value between two parties that requires nothing other than the internet existing to function can act as a store of value >>13485508

>>13486277
>whatever the fuck monstrosity this is
Now you're just trolling and it isn't fun anymore.

>>13486501
WW3 is coming soon anyway, not even the trusty greenback will be able to protect us. That’s what’s so funny about all this.

>>13486553
it all makes sense, op is just super blackpilled

>>13483853
nobody is worried about it losing value retard
also SHA-256 is not fairy dust
fucking brainlet

>>13486597
you should always be prepared for your investments to lose value anon

>>13486683
>investments

>>13486581
https://youtu.be/98ZVpKtjylY

>>13486597
>nobody is worried about it losing value retard
Isn’t one of the main pillars of bitcoin ideology that greenbacks always lose their buying power? But based on what you said next, you can’t not be trolling.

>>13486820
Isn’t it more like this senpai?

>>13486781
buying bitcoin with the intention of saving it until it appreciates in value is literally the definition of making an investment

>>13486870
First time on this board, super impressed guys, keep it up

>>13486889
>first time on this board
and it shows, there are some idiots ITT but you sound like a moron yourself op

>>13487057

>>13487057
>implying /biz/ is where most good business people learn to be good at business
Unironically lol wut?

>>13487167
>>13487155
>implying that I implied this
the only thing that I implied is that your an idiot, just look at your shitty blatant double post

>>13487306
You did imply it, don’t call my posts shitty fagboat