/biz/ - Business & Finance

>>14827699
honestly I agree but I am determined to get rich doing this shit because I have no other way to do so.

>>14827699

All of that applies to land.
You can say land gets you income, but unless you are a farmer its just rental. Bitcoin can be leased too via smart contract

>>14827739
this

you dumb retard nigger, kill yourself, apple and amazon are also worthless according to you because they don't pay a dividend and commodities should have no value btc provides the most secure transaction ledger not controlled by a third party with an ever expanding global monetary base its nominal value has to go up over the long run as long as it is operational and no other extra governmental value transfer service has higher security as measured by cost to attack and acceptability. again, commit suicide you fucking retard.

>>14827699
>some frosty dead boi invents the most sound money ever seen in the history of mankind
>10 years later black retard gorilla niggers like OP still don't understand that fake internet money is actually real money

>This is the Greater Fool Theory, you study and be a good goy thinking it will give you a good life, buy real state after it had already popped just because you thought it could only keep going up

>>14827750
based

Not all stocks pay dividends and plenty of assets don't generate any income. Now kill yourself or fuck off.

>>14827699
Found the article you were quoting & found this little tidbit too...
>Here we go again. Last April 1, the volume of bitcoin trading more than quintupled, to 815 million from 153 million, and its price jumped 18%. The rally was concentrated in a one-hour interval when the price jumped 21% between 5:30 a.m. and 6:22 a.m. London time.
>Who let the fools out? The only plausible explanation was an article written as an April Fool’s joke reporting that the SEC had held an emergency meeting over the weekend and voted to approve two bitcoin-based exchange traded funds (ETFs). For true fools, it hardly mattered what sparked the rally. As long as prices are going up, fools will buy in hopes of selling to greater fools.
Don't tell me this entire rally has been based on an April Fool's joke

>>14827699
>Real investments — like stocks, bonds, and apartment buildings — generate real income
Thats not why investments are valued. An investment does not need income to be an investment.

But yes, all coins are 100% valueless, their prices are dictated by who is willing to pay for it at the time and thats all.

Speculators are what keep bitcoin liquid. That liquidity gives bitcoin utility. It can now be bought and sent imminently to a vendor and the vendor dump it on that pool of gambler money to redeem it for whatever fiat he wants. That send is broadcasted openly on the blockchain instantly. The vendor is free to wait for X amount of confirmations, but every vendor I've ever sent to will accept whatever bitcoin's price was the nanosecond that the send was broadcasted, not after X confirmations. I buy $100 worth of bitcoin and send $100 worth of bitcoin. Vendor receives $100 worth of bitcoin instantly. He's free to hold it for as long or as short as he wants. Some services automatically convert it to fiat for him so the risk is minimal and usually better than a credit card processing fee.

This is incredibly powerful for both the sender (instant decentralized payment) and the receiver (instant irreversible and non counterfeit funds). That is value. That is a real actual product. That system has worth. People can gamble on it all they want.

>>14827804
>because they don't pay a dividend
>apple
>$0.77 per share

>>14827867
>most sound money
riiiight...
>go to gas station
>need to fill up before work
>send btc
>3 hours later transaction cleared
>get to work
>fired for being three hours late
>muh store of value
>my lightning mcqueer

>>14827699
Do you know that stocks themselves are a bubble? the value of a company projected in terms of dividends + the price of the stock itself which is based of thin air and if the CEO farts is the same? KYS, all finance is a bubble, a company with net revenues of 1B can't be valued at 10B noob, it's all speculation based on the same fundamentals

>Bitcoin prices are supported by nothing more than the faith that greater fools will pay higher prices.
Muh stocks

>>14827699
BTC was an amazing buy at $200-$500 and lower.. Huge pain incoming.

Buy SNTVT for a hedge.

it wouldnt be this way if bitcoin was a currency like it was intended to be.
But yeah nobody is going to use it as a currency so its a ponzi and not worth my time.

>>14827699
>Tulip bubble that has lasted 10 years and worked on by some of the smartest computer scientists in the world
ok

>>14828547
This, buy and hodl

>>14827699
>As an investment, a bitcoin is no better than a woodpecker scalp or a Yap stone

Not true. Precious metals and Fiat are much closer to woodpecker scalps and Yap stones. Smart contracts are CONTRACTS. That means its an agreed upon contract for a deflationary asset. It has no outside influences because it is nothing more than a binding CONTRACT. The contract is trustless so nobody can fail to uphold their side of the CONTRACT.

A traditional stock can go belly up because the CEO died. Gold or silver are influenced by supply. Oil is influenced by supply as well. The moment someone figures out how to find a bunch of the shit it can cause the price to drop. Crypto on the other hand does not have these kinds of problems. The concept of a smart contract is the evolution of money weather you like it or not.

>>14829013
Don't forget to thank me sir

https://imgur.com/wbZGcXX

>>14827750
>nobel prize
the guy given an award for being a good propaganda upholder was wrong whoa

>>14828145
That applies to any valuation under the sun

>>14828634
>wagecuckery