/biz/ - Business & Finance

And yet... we live in a bitcoin market...

this says a lot about our cryptos...

>>24310193
you can say the same thing about PM's and stocks

Like the biggest market in the world
Derivatives...

It’s all a scam so shut up idiot

gold is fucking useless too, in b4 "it conducts electricity!"

>>24310193
So fake that Paypal, Square, and Blackrock Capital take it seriously.... hmmm

Hes right thats why we only buy shitcoins

>>24310263
Stocks are shares of companies that exist in the real world that provide real world goods and/or services. Try again bitard.

>>24310263
Yeah this can be said about investing in literally anything

wait until they read about what the FED does...

>>24310438
You're dumb

>>24310438
Stock prices ultimately have little to do with company fundamentals. It's all speculation.

>>24310263
yeah you are fucking retarded.
I literally made 1000%+ returns on stocks and PM's with SIGNIFICANTLY reduced downside this year.
Crypto has badass fucking tech, we know it's pretty fucking ingenious stuff, we get it, but this OP pic related is right Tether printing and speculation make this market the exact same as the fucking NYSE

>>24310193
>You fake internet money is nothing but a scam.
this could literally be applicable to CFDs, ETFs, stocks in general, PMs, etc

>purely speculative game of greater fool theory
So it's just like stocks

>>24310193
no buying into your ponzi mr. sheklestein. go back to /smg/

>>24310193
>retweeted by bitfinex'ed
Absolute KEK what is that salty faggot up to these days besides retweeting retard cope? God I can't believe people actually listened to that FAG. I bet he missed this whole run up hahahahaha stupid queer

>>24310595
Give me your wallet adress and I well send you some Apple stocks fren. Nice post.

>>24310193
Agreed. its like basing money off something else besides the gold standard. do you really understand what is real value and what is a piece of paper?

Do you understand what a bunch of imaginary numbers on your bank account screen transferred to buy more imaginary numbers through bitcoin

GG people that got mad rich, I doubt bitcoin is a viable thing to invest in still.

>>24310193
Does it really matter if thanks to Crypto gains I can regularly afford Japanese whores in Oxford to crawl on all four around my living room, suck me off and watch anime together?

Why do these fucking fools not understand that bitcoin doesn't need "intrinsic value" because the value of bitcoin is as an entirely new fucking currency system. People are giving it value right now as a legitimate currency. No different than the treasury saying that paper money has value, except now its us people saying bitcoin has value.

>>24310438
so many low iq posters that are anti-crypto...
i'll let your government print more cash and you can figure it all out yourself

>>24310720
Bitcoin cant ever have any real world value because it literally doesn't exist. My USD will always have value because its backed by the government and every business accepts it.

Crypto, stocks, pokemon cards... It is all speculation. You buy at 1 and want to sell at 2, at minimum. What a retarded fuck.

>>24310720
those who scream "intrinsic value" are consensus-seeking, low-iq government sheeps, and as such cannot comprehend what goes outside their community, and need a so-called authority to do their thinking because they can't think for themselves

as long as bitcoin maxis exist, as long as people trade their houses for bitcoin, as long as people dollar cost their wages into bitcoin, as long as zoomers exist, bitcoin will mog that shitecurrency known as USD

Met the DuckDAO hunters game, does anyone try it?

Looks like this crypto incubator can provide useful instruments for investments. Please, share your opinion about it

>>24310193
i dunno man... with the state of money and how its being hyper inflated and printed like shit.... yeah... anything is better than that... you either put you value in anything, or you lose it in fiat in the coming years with the great reset and the currency collapse and the hyper inflation and the great depression coming up... anyting, and i mean anything, is better than holding fiat right now.... dont knock anything... even a shitty stable coin is better than fiat now with where its heading.... hell even buy random plots of land to store your value, anything, anything is better than fiat right now. crypto is just convenient due to its ability to fastly transfer from fiat to crypto asset and move it around all over the place at will. crypto wins in the regard to protecting and storing value. although land maybe a good one as i dont think land is taxable and it inherits better/no inheritance tax on it.

>>24311072
There will never ever being hyper inflation, thats conspiracy theory doomer nonsense. The FED can print as much money as they like it will always have value. Why do retards here who post chinese cartoons think they know more than the experts at the Fed.

>>24310945
gov/world banks want digital. digital currency is better than physical fiat because it achieves the things they want.

>>24311145
>this time will be different

>>24311145
>peak denial
Anon I don’t know if trolling or genuinely retarded

>>24310193
>Buy stocks based on an expectation of future price gains
>buy gold based on an expectation of future price gains
>buy real estate on an expectation of future price gains
>MUH BITCOIN IS PONZI BECAUSE EXPECTATION OF FUTURE PRICE GAINS

>>24310285
It conducts electricity. Not as well as silver does but gold wont corrode

>>24311303
dumbfuck there is no such thing as a price gain or loss in gold if you consider the idea that we ARE MEASURING AGAINST GOLD.
Gold 'going up' means the fucking dollar is devaluing.
If you've been in fuckign real estate or stocks since 2000, or even earlier than that than you are literally losing wealth against gold.
And now the west is a fucking nightmare and Asia is the manufacturing power house of the world like some kind of sick backwards fucking marshall plan and all they care about is gold and the htings we take for granted.
Wake the fuck up

>>24310438
[Laughs in SPAC]

>>24310193
>he doesn't know
also, what can i do with an amazon stonk besides than buying it cheap and dump it to a noob
all markets are ponzi

>>24311470
you can vote with it

>>24310565
this

>>24311470
you own an actual part of the Amazon corporation, which makes a fuckton of profit.
no dividend kinda sucks but welcome to the new world where nobody gives a fucking baout income anymore becuase we're printing fucking US Dollars.

>>24310193
the morons come out of the woodwork again
same old tired shit sold as new

>>24310565
thats only some stocks like TSLA and NIO and other hype shit

most good stocks have a reasonable stock price and market cap

THIS SAME CONVERSATION EVERY FUCKING TIME

>>24310193
Kind of sad that the gaylords in reddit have stronger hands than the annons here

>>24311707
Do you think I am dumb enough to even buy into this blatant scam you morons are all fooled by?

>>24311735
Do you think we are not noticing your timing? It went down a few % and you shat your pants.

>>24311735
>Do you think I am dumb enough to even buy into this blatant scam you morons are all fooled by?

>>24311735
You’re a cuck bastard. Why do you even care if we buy crypto anyway, Faggot?

>>24310285
Its a semi conductor dipwad

>>24310438
Literally nobody is as much of a retard as you. How can you be this much of a dumb piece of shit. Can you tie your shoes and bathe yourself?

>>24311573
>no dividend kinda sucks
So, what exactly is the benefit of owning a piece of this insanely profitable company that won’t pay dividends?
>selling it to some other retard, just like gold, BTC, etc

>>24310342
Nigger
Pot
Pie

>>24310193
Stupid take. You can't make any real money trading fool's gold (iron sulfide). You won't retire on it.

>Purely speculative
Like trading/business in general. The risk and lack of guarantee is a large part of what makes it profitable -- if you can navigate the market effectively.
>only buying asset based on expectation of gains
Just like business. You speculate and put your money and time into something that guarantees no return.
>Ponzi scheme
Yes, everything is now a Ponzi scheme (sarcasm).
>BTC is not competitive
All markets are competitive in nature.

This guy is a moron.

>>24310438
man why is the average nocoiner iq 50

>>24311852
To laugh at your retards as your nothing money crash to its rightful place, nothing. Enjoy your fake tulips and beanie babies, at least those existed.

>>24310193
Based.

>2020
>Nocoiners are still seething over anons all across the world making it

What a sad existence you people have

>>24311368
dumbfuck there is no such thing as a price gain or loss in btc if you consider the idea that we ARE MEASURING AGAINST BTC.
BTC 'going up' means the fucking dollar is devaluing.
If you've been in fuckign real estate or stocks since 2000, or even earlier than that than you are literally losing wealth against btc.
And now the west is a fucking nightmare and Asia is the manufacturing power house of the world like some kind of sick backwards fucking marshall plan and all they care about is btc and the htings we take for granted.
Wake the fuck up

>>24311145
Retard they already are hyper-inflating it lmao. Typical biztard. In 10 years a coca cola is going to be $20. They’re already $5-$10 in bigger cities.

>>24311954
You sound like a jealous third world bastard. This is why we need country flags here on this board.

>>24310636
Stocks give you legal ownership of a portion of a company which provides real world products or services, generates revenue, and has physical assets that can be liquidated if it goes broke.

So no, nothing like stocks.

>>24312049
We do, I'd love to see how many retardposters are from thirdworld nations.

>>24310193
Yea mens, lets ignore its sophisticated technology and decentralized trait to focus on its derived characteristics so that I can feel good about not buying thousands when it was selling for cents.
Literal 0iq tweet and thread.
I am making this reply while placing a parlay on tomorrow's csgo games with bitcoins after making a deposit on a DNM.
Suck on your mommas tities pleb.

>>24311735
You sound mad that you missed out.

>>24310193
>ponzi scheme investor
Holy shit that is literally every investment. God I hate these retards so much.

>>24311904
I can guarantee you this dude wears a helmet when he walks outside

>>24312135
Making up a fake ponzi scheme with money that literally does not exist is not "sophisticated technology".

>>24312319
Ponzi schemes basically promise a return whereas everyone says you can easily lose money trading, especially crypto. The Tweeter is just fishing for likes and reTweets because the price is going down (correcting) and he wants to look cool and contrarian. -100 IQ drivel. I guarantee you he has done 0 serious market analysis. Even Schiff wouldn't wax this retarded.

>>24312455
>fake ponzi
Anything can be a Ponzi scheme if we use your loose definition. Sure, it's a rhetorical device, but it's cheap and it'll wear off quick. Eventually you'll be left wondering who all the cool super-car driving autists are. But by then it;ll be too late for you. You'll be catching the short bus to bambino gains.

>>24312480
>Ponzi schemes basically promise a return
Care to explain it? I'm kinda slow.

>>24310193

BTC was invented by the central banks for three reasons, first, to split the anti-fiat community, and cause dissension in our ranks; secondly, to divert capital away from precious metals; thirdly, to prepare the world for CBDCs. It ought to have gone to zero after 2017, but it has been pumped and re-inflated by tether and other stablecoins, just as the stock market has been pumped and re-inflated by Q. E. My reasons for thinking as I do:

1) Tether is widely believed to be responsible for the 2017 crypto pump (its own founder admitted this suspicion to Jordan Belfort https://www.youtube.com/watch?v=Xzpqxqbq0Jg).).

2) Tether now has 10x the mcap that it did during the March crash, when BTC crashed to $4000, and also has a 40 billion per annum printing-rate. The only time when tether was ever audited was 2018, and yet even then it was found to be backed only by “75% cash and cash equivalents.” The truth is, tether is probably “backed” by the very BTC which it is printed out of thin air to buy.

3) BTC volume is only 5% of what it was in 2017, and Google searches for Bitcoin are in the gutter. This shows that retail interest is low, and almost all BTC is going into tether's hands (as DesoGames explains here https://www.youtube.com/watch?v=qzDjJ-SrojY).).

4) BTC is completely worthless as a currency. https://blog.plan99.net/the-resolution-of-the-bitcoin-experiment-dabb30201f7?gi=a80dff4c0636 In 2017, you had $100 fees and 3-day transaction times when sending BTC. Even if the Lightning Network were implemented, only 0.1% of the world population could use BTC.

5) The only way to use BTC as a currency is to go through Blockstream's second-layer solutions (like the LN), which track and trace everything you do. BTC also tracks you forever on a pseudonymous ledger, hence why the BTC Twitter hackers were caught within days of cashing out. Physical gold and silver coins are therefore superior for privacy to BTC.

(1/3)

>>24312611

6) Solutions like BCH are not the answer, since, the larger the block-size, the greater the centralization. To the point where you might as well simply keep your gold in a vault and use a gold-backed crypto instead, because that is no more centralized than what you will inevitably have with something like BCH or BSV. Kinesis (allocated gold on the Blockchain) does everything which BCH claims to do (banking the unbanked, 24/7 transactions, making microtransactions, etc.). https://www.youtube.com/watch?v=5Q9aYYluRA0

7) Satoshi is really Adam Back, the head of Blockstream. https://www.youtube.com/watch?v=XfcvX0P1b5g Blockstream is controlled by the banks and the Bilderberg Group.

8) Bullion banks are bidding up the price of Bitcoin on the futures exchanges at the same time as they are suppressing the price of gold, as Rob Kientz shows. (https://youtu.be/Bq9SblPW-6w))

9) Promotion of BTC in the mainstream media is unrelenting, showing that they completely back it. The MSM, of course, is controlled by the bankers.

(2/3)

>>24312629

10) Russia, China, and the other eastern countries have been accumulating gold to issue gold-backed currencies after the reset, not crypto. They already have enough gold reserves to do this. The eastern countries are where the real production is, so, if they don't take BTC, BTC is good for nothing.

11) Gold-backed currencies in the modern banking system would work with perfect efficiency, whereas no crypto can function as a currency for more than a minuscule fraction of the world population.

12) Money must represent savings, i. e. what is useful for production and industry; otherwise, no country has any reason to take it as an equivalent exchange for their goods and commodities. But crypto stores no intrinsic value. After the reset, then, BTC will go to zero when priced in gold (as Alasdair Macleod says).

13) Crypto has enormous intrinsic disadvantages when compared to gold. If you have gold in a vault, you are protected from the following: Being tortured out of your life-savings within ten minutes; losing them to memory-loss; dementia; a thoughtless mistake when making transactions; a key-logger or other hack; burglary (extremely rare with respect to private vaults); a fire; a hardware failure. BTC also, as I have said, lacks the privacy of gold and silver coins, and is fundamentally unusable as a currency. Whereas digital gold on the Blockchain (Kinesis) or gold-backed currencies in the banking system are perfect as currencies.

(3/3)

>>24312611
>originally posted to plebbit
KYS

>>24310193
The midwits guide to the galaxy

>>24311613
>most good stocks have a reasonable stock price and market cap
Umm.... no, sweaty.....
https://www.multpl.com/shiller-pe

>>24312608
Simply: guys at the top recruit people by telling them they can make money doing x if they invest in their product/service (y) and give them a cut of profits. Those people make money doing x by shilling the product to others telling them they can make money by doing y. It's a mathematically impossible model because the market is saturated exponentially because everyone is recruiting everyone to make money. Only those at the top make money. Usually the creators disappear after a while with the loot because everyone has gone bust except for themselves and the scam has been exposed.
To compare this to crypto is erroneous.

>>24310285
worse than copper

>>24310438
if banks provide real world services, so does bitcoin. it’s money you fucking dumbass

>>24310991
It sucks shill

>>24312919
exactly, money is just a medium of exchange nothing more. Chocolate bars could be money. Banks are also predatory institutions and make people a lot less money than crypto. The money banks deal with is inflationary and worthless. BTC is deflationary. Crypto is arguably way more ethical than fiat, objectively speaking. We only use fiat because it gives its controllers/owners the ability to look better than the really are by injecting it everywhere every time the market tries to adjust/correct, resulting in catastrophes further down the line.

>>24310193
I wonder if these people genuinely believe what they are saying or just fudding

>>24312551
ponzi scheme is the general idea of making money by simply shuffling around useless shit by creating value while it is shuffling but the moment the shit loses momentum it stops moving and the steel hand faggots still holding it realize they are holding a piece of shit they cant get rid of.

the next global dump will see faggot traders launching themselves from buildings and 2016 whales selling at a loss

>>24312919
Banks exist, Bitcoin does not. Money has to exist to be money.

>>24313118
>making money by simply shuffling around useless shit by creating value while it is shuffling but the moment the shit loses momentum it stops moving and the steel hand faggots still holding it realize they are holding a piece of shit they cant get rid of.
No it isn't.
Here is a definition from a reliable source:
>A Ponzi scheme is a fraudulent investing scam promising high rates of return with little risk to investors. A Ponzi scheme is a fraudulent investing scam which generates returns for earlier investors with money taken from later investors. This is similar to a pyramid scheme in that both are based on using new investors' funds to pay the earlier backers.
>https://www.investopedia.com/terms/p/ponzischeme.asp
It is the definition I also gave.
You are making up definitions that you can't even articulate properly/coherently. Peak third world IQ.

>>24313150
>Bitcoin does not exist.
Yes, it's just a hallucination injected into our minds by the space elves.

>>24313307
Lay off the DMT. That probably is why you are dumb enough to believe in something that literally does not exist.

>>24310720
Nobody uses btc as a currency anymore lmao it's too bloated, inefficient and easily tracked

>>24313426
So by your logic what I'm reading on my screen does not exist because it is also based on computer code just like BTC. Therefore your argument does not exist either. It isn't real.

You lose.
Fuck you, nigger brain.

>>24313504
>Nobody uses btc as a currency anymore lmao it's too bloated, inefficient and easily tracked
it is a currency, just like gold is a currency (default currency). and btc is called digital gold, no one is calling it the digital dollar.

>>24313524
Software is actually real and has a real world use case. Can you hand me a bitcoin? I can hold a dollar or gold.

>>24313602
>Software is actually real and has a real world use case. Can you hand me a bitcoin? I can hold a dollar or gold.
You missed the point: BTC is trapped on a computer and I can't "hand you" this conversation either; you can't hold it in your hand, only the device on which you're reading it with.

>>24312859
retard

The blockchain has long been discussed as a means of enslaving humanity (((they))) are using Bitcoin's potential as an investment, to entice normies into an area, they wouldn't have previously considered, simultaneously they are shutting down or restructuring every other avenue to make money in the economy but people are too stupid to see it.

>>24313663
Thats completely irrelevant. All over forms of real money that has been used through history is physical in nature. We can verify that its real, how much you have of it, and transact with it in the real physical world. So, can you hand me a bitcoin? Can I take that bitcoin and walk into my local supermarket and buy bread with it? The answer is no. So there is no way to prove that it even exists. You just want to pretend it exists in whatever quantity the magic 1s and 0s say.

>>24313799
At this point you are just trolling, there's no way you are this dumb.

>>24313799
>Thats completely irrelevant.
No it's not.
Your argument is: crypto currency isn't real because I can't hold it because it is computer code but software is because I say so and it has a real world use case.

Crypto has a real world use case too and you're too insufferably stupid to see how fucking dumb your argument is.

>>24313799
>We can verify that its real,
it's infinitely easier to counterfeit fiat or gold than bitcoin

>broken long term security model
there is a lot of irony in that statement

>>24313865
Software does not exist to be currency. Real world money has a higher threshold to prove that its actually real, it can not do that. When I can hold a bitcoin. Walk to my local supermarket. Hand it over to the cashier for my food, then I might believe its real. But that is not the case.

>>24313869
What about all the bitcoin spinoffs and all the other thousands of crapto. Its all a massive scam.

>>24313964
>What about all the bitcoin spinoffs
well i would like them to try trick my phone app into believing they are real bitcoin and not shitcoins...

>>24313964
>What about all the bitcoin spinoffs and all the other thousands of crapto. Its all a massive scam.

Nice moving the goalposts there bucko.

>>24314047
*to see them
you can't counterfeit bitcoin you can't make more of it than preordained anyone can make an other shitcoin and that is why all shitcoins are worthless fundamentally

>>24310193
Buying an asset based on an exception of future price gains?

That's literally almost every single investment that doesn't pay dividends. Why do people invest in Amazon or Apple? Because they think the price is going up

>>24313964
>Software does not exist to be currency. Real world money has a higher threshold to prove that its actually real, it can not do that. When I can hold a bitcoin. Walk to my local supermarket. Hand it over to the cashier for my food, then I might believe its real. But that is not the case.
You've already lost the argument, nigger.
But let's have fun:
>Real world money has a higher threshold to prove that its actually real, it can not do that.
Based on:
>All over forms of real money
A no true scotsman fallacy. Money is just a medium of exchange, anyway. You don't even understand what it is.
You lose.
>Walk to my local supermarket. Hand it over to the cashier for my food, then I might believe its real
You realize that most USD is digital, right? I guess if we just handed you a free pre loaded debit card you'd be buying stuff with nothingness. Just magic tap and go.

My diagnosis of you: severe mental retardation.

>>24310193

>>24310720
Bitcoin is self-intrinsic in the sense that the entire system of global mining creates a functional system for sending global transactions independent of any bank.

>>24311613
We are in one of the worst economic downturns in American history and yet the stock market is at record highs. You really think stocks are actually based off of value?

>>24314131
which end i'm on that curve i wonder...
maybe super-positioned at both end at the same time

>>24314255
Horseshoe theory of BTC IQ

>>24314125
>You realize that most USD is digital, right?
I can go to my bank and take out physical dollars. And use those physical dollars to pay for things. I can never take out bitcoin and use it in any physical way. I just have to trust the magic numbers that all can be lying to me. They say that bitcoin is supposed to only have so many bitcoins. How can you believe that is true unless its purely on faith.

>>24314533
>I can go to my bank and take out physical dollars. And use those physical dollars to pay for things. I can never take out bitcoin and use it in any physical way. I just have to trust the magic numbers that all can be lying to me. They say that bitcoin is supposed to only have so many bitcoins. How can you believe that is true unless its purely on faith.
Absolutely and totally 100% irrelevant, only adding to the sum of evidence you are a retard.
Money is an agreed upon medium of exchange, nothing more. Anything could become money under the right circumstances. This is micro econ 101. You have 0 fucking clue whatsoever.

Let us get another definition from a finance/econ site:
>Money is an economic unit that functions as a generally recognized medium of exchange for transactional purposes in an economy. Money provides the service of reducing transaction cost, namely the double coincidence of wants. Money originates in the form of a commodity, having a physical property to be adopted by market participants as a medium of exchange. Money can be: market-determined, officially issued legal tender or fiat moneys, money substitutes and fiduciary media, and electronic cryptocurrencies.
https://www.investopedia.com/terms/m/money.asp
Money is simply a medium, an agreed upon thing to trade so you don't have to do barter. That is it. Nothing more, you fucking monkey.

>>24314693
Bitcon will never be agree on as a medium of exchange because people want something that exists.

>anything having value outside of what is required for humans to live

Yes, that's called a social construct. None of it has any value besides that which we assign to it. If bitcoin is a ponzi, so is literally everything else that is assigned a monetary value. Tell me how gold isn't a ponzi right now you boomers. And no, it being used by other old and dead people is not an argument.

>>24310193
PayPal says otherwise.

>>24310438
uhhh uhhh yeah anon for sure.... lol

>>24310438
low iq boomer take who cannot into technology

>>24315756
Paypal is just cashing in on a fad.

>>24315800
are you fucking retarded cunt? by your logic your thoughts and feelings don’t exist because they’re not physically real. get the fuck out of here you absolute fucking moron

>>24315800
>15 posts

>>24315849
My thoughts and feelings are not being used as currency.

Money =/ Currency

Money:
means of transacting x for x
Is A Store of vale
Divisble
Quoted

Currency:
means of transacting x for x
Not a store of value
Divisble
Cannot be quoted, basically a centralized exchanged

Longest existing currency
>pound sterling
>Oldest form of money
gold

Bitcoin
>Divisble
>Value is stored
>Able to transact x for x
>Finite supply
>Digital

>>24310516
Brrrrrrrr magic USD

Money = bitcoin
Bitcoin is money

Dollars = tissue paper
CBDCs = surveillance state fedualism

>>24310945
>bItCoIn HaZ n0 v@LuE bCoZ i SeD sO

>>24310438
>it's simple, the better the company's stonks the gooder the products they make
It's almost like he doesn't even know about Enron

>>24313602
>I can hold a dollar
Are you aware that 90%+ of dollars only exist digitally?

>>24313964
what a fuckin retard

>>24314533
this cunt is trolling there is no fuckin way anyone is actually this dumb

>>24316939
Have you ever stepped out of your bitcoin bubble? Ask normal people on the street and real serious investors. Everyone thinks bitcoin is nonsense.

>>24317155
Please tell me you're not fucking serious. Do you think 'normal people on the street' are a more reasonable sample to deduce the truth from about reality? Fuck sake may the lord have mercy on your soul.

>>24310438
I hope you wear a helmet when you brush your teeth buddy

>>24317311
I am tell you the reality that once you leave your delusional bubble, every single person across all lines thinks bitcon is shit and a massive scam.

>>24317337
Nice troll faggot

>>24317381
If you think someone who is telling you the truth, then you are too far gone. Step out of your fucking bubble.

>>24310193
Actually they buy it because fiat is trash and anyone with more than 2 brain cells rubbing together knows crypto currency is the future.

>>24310720
>bitcoin doesn't need "intrinsic value" because the value of bitcoin is as an entirely new fucking currency system.

>>24310193
everyone knows BTC is speculation, yet this chump makes this statement as though he is the first to think it.
The real question is why is it dumping?

>>24317422
If fiat is so trash, then why are all of you crypto crappers so obsessed with valuing your scam bullshit in USD?

>>24310193
he's not wrong. Bitcoin doesn't have any intrinsic value, but neither does fiat. Bitcoin is just playing a better monetary policy game then fiat and this will continue until one or both implode.

>>24312719
So what youre saying is that we have another 2 years of massive bubble pumping? Awesome I'm in.

>>24310193
Dude barely knows anything. You have to know about crypto to understand its worth. After the next pullback next week when markets dump as news of Coronavirus spread is out, and hundreds of thousands of people dying, it will take 2-3 years for you to understand the worth of crypto.

>>24317417
I don't give a fuck about Bitcoin and never invested in it myself, but your reasoning is just so mind boggling, outrageously naive, shortsighted and stupid that I can't possibly believe that you could actually believe in the words you are saying. Fuckin lol at all your dumb comments though I've had a good laugh at them.
>>24313150
>money has to exist to be money
fuckin lol
>>24313964
software does not exist to be currency
have a jelly bean for this one 10/10 troll
>>24314533
>...supposed to only have so many bitcoins. How can you believe that is true unless its purely on faith.
Fuckin have a certificate for this one. 100% certified troll.

>>24317461
>wah wah crypto is a ponzi scheme
imagine being such a cuck that you worship an asset that depreciates over 2% every

>>24314533
nigger i am my own bank and have my own ethereum wallet and can send my currency to anyone around the world whenever i want. can you do that with gold?

>>24314533
>They say that bitcoin is supposed to only have so many bitcoins. How can you believe that is true unless its purely on faith.
this has to be bait

>>24315434
It already has been agreed upon which is why millions are using it and governments worldwide are getting into crypto.

>>24310438
Based boomer, a lot of involuntary celibates mad about this

>>24317474
>Bitcoin doesn't have any intrinsic value, but neither does fiat.
Neither does the work of men like HP Lovecraft. Intrinsic value isn't everything. BTC won't implode as long as crypto exists because it will only become more rare.

>>24311145

>>24310193
How does this thread

HAVE
SO
MANY
GOD
DAMN
REPLIES

FUD like this is honestly worth 150 fucking replies? You guys really? You guys? Really? No look at me in the eyes when I'm talking. Look at me. Really? This is where we are right now?

OKAY
FINE
I'm disappointed though. Go to your room.

>>24318702
Where is the FUD? Bitconners are just ass mad at the truth and can't help but sperg out when confronted with reality.

>>24318432
If it makes a difference, his work also has no subjective value to me.

>>24310263
you can say the same thing about dollar bills

>>24318886
Was I talking to you?
Fuck off.

>>24318994
You said that the thread I started was FUD. It was not. So yes, you were talking to me too.

>>24310193
Lol, delusional swingie detected.

>>24313799
>ll over forms of real money that has been used through history is physical in nature. We can verify that its real,
good luck with your counterfeit gold
sage

>>24317429
seethe

>>24313964
>Walk to my local supermarket. Hand it over to the cashier for my food, then I might believe its real. But that is not the case.
So do you hand gold to your supermarket? You’re a retard bro. Also newsflash: most transactions are digital now. When you buy something using a credit card/debit card, it’s just numbers on the screen thru software that is then transferred and added to the bank accounts of companies that is also just numbers on the screen. Money is just abstraction to denote a universally accepted medium of exchange. It’s deemed “valuable” because humans deem it valuable and decide to follow the rules.

>>24313964
>When I can hold a bitcoin.
print out a private key and hold that

>>24310263
Cryptocucks really are braindamaged.

>>24310193
Top kek, the state of the market. So quickly your bitch ass emotions change direction because you're weak as fuck. Bitcoin is unironically one of the world's most important inventions, if you cant see that your honestly and entirely a brainlet.

Based video is based: https://www.bitchute.com/video/BjQNjl0ukDdP/

Thanks just sold. Went all in gold so I can lose more.

>>24320537
What is this most important invention? A new way to scam fucking idiots?

>>24311145
We are fine until we aren’t. And no one knows how much longer we’ll be fine.

>>24310193
>>24320537
Yep
>"Yahoo/Google/Netscape/search engines/web services are just fools gold! This is just a dot com bubble!"
Fucking idiot.

>>24310263
precious metals are commodities with inherent value. they have been used as a currency and store of value for over 5000 years because they have all of the qualities a currency needs. nothing else does(including bitcoin)

>>24310249
underrated kek

https://theponzifactor.com/

The simple truth is profits from buying and selling stocks come from other investors who are buying and selling stocks. When someone buys low and sells high, another sucker is also buying high and needs to sell for even higher. Companies like Google, Amazon, and Tesla never pay their shareholders. Their investors profits are dependent on the inflow of money from new investors, which by definition, is how a Ponzi scheme works.

>>24311072
you really think when shit hits the fan and no1 has a job or enough money to pay rent, they are all going to be holding shitcoins. no. Provided they even owned any in the first place, they're gonna sell that shit for USD, to buy groceries. How do ppl not see that.

"ooh the economy collapsed and I don't have enough money to pay my water bill, I know! I'll
buy some fkn ethereum brooooo!!!!!!!"

>>24320975
>Yahoo/Google/Netscape/search engines/web
services

these actually do something and provide utility and value to the world. i use google and yahoo finance everyday. what the fuck does bitcoin do? a store of value? a medium of exchange? KEK

>>24311368
nah gold is a meme. its valuable becos ppl say its valuable. not for its intrinsic utility to the world. oh it doesn't rust and conducts electricity!!!!!! cool. so do a million of other alloys and shit made in a lab. that are also 10x as efficient.

we can grow beef in like a petri dish out of nothing and U dont think some guys in lab coats can produce something that outperforms gold.

meme.

>>24318702
just be happy the boards active bro

>>24310193
Bullish

>>24310263
why are cryptocucks so mentally ill?

>>24322291
if gold has no inherent value just how dogshit are your '''digital assets''' lmao

>>24313964
>cuck Id
>nocoiner

Checks out

>>24310945
Holy fuck the absolute retardedness of you people.

>>24310438
You serious???

>>24310193
>no different to the modus operandi of a ponzi scheme investor
nice weasel words, even this guy knows it's not really a ponzi

>>24322244

When USD is toilet paper nobody is going to sell their assets for it.

>>24311573
>no dividend kinda sucks but...
This is peak normie mindset. You will never make it

Share your thoughts about crypto incubator duckdao.io

Has anyone participating in it? What do you think about their Duck Card game with investment features?

>>24310193
Ever heard of FIAT?

>>24312743
Penis

>>24310249
No we don't.

>>24313964
Are the apps you are using on a daily basis 'real' and exist? What about the very image board you are posting on?
It is all an abstraction. This is what you fail to comprehend.

>>24319860
he kinda cute doe

>>24310438
nobody tell him

lmaoo, they've been saying this shit for years, still Bitcoins here. i do also invest in BASE though, it helps me hedge against market dumps like the one we just witnessed

>>24310193
Sold my BTC and went 100% ETH. Thank you, OP

normies really are a dumb bunch, retarded lot like this one. How do i tell him i 30xed my wealth by doing nothing but just investing my money, not even in BTC, but in ALBT

>>24317461
> all of you crypto crappers so obsessed with valuing your scam bullshit in USD
Not all of us. There are many people who trade cryptocurrencies solely in btc pairs to accumulate bitcoin and dont really care about its usd value swings.
While there are many negative sides to dollar its still the most popular currency used worldwide and we aren't unreasonable aliens to completely renounce its use. I believe we all invest in bitcoin in hopes on future gains but it doesnt contradict the trust we put in the technology behind it, more so trust makes it easier to hold though dumps and fuds.

>>24310438
I’m not a cryptocuck but that’s not really the case. Stocks that don’t pay dividends are essentially the same thing as a Ponzi scheme. Stocks that do pay dividends are a sound investment, much more so than any shitcoin

>>24310285
u fucking retard gold and silver are literally the only metals suitable for money. its literally created when a star explodes, do u realise its fucking GODS money bro

>>24312056
>Stocks give you legal ownership of a portion of a company which provides real world products or services, generates revenue, and has physical assets that can be liquidated if it goes broke.
That’s literally a bunch of gobbledygook, a stock that doesn’t pay you a dividend is a pure Ponzi scheme

>>24322817
This

>>24325773
Thank you. "Irrelevance of dividends" my ass.

>>24310193
Bump for fuck crypto

Could say the exact same thing for gold for the last 10000 years desu, it’s like they don’t understand intrinsic value doesn’t exist and all value is subjective

>>24328889
>it’s like they don’t understand intrinsic value doesn’t exist and all value is subjective
Food and water don’t have intrinsic value, they’re only worth what someone is willing to pay for it

>>24322434
>crickets

haha one thing I've learnt is that smart people are even easier to scam. Alarm bells should have been ringing once the narrative changed to muh store of value

>>24312135
decentralised except for the exchanges and escrows and miners and tether but yea decentralised

Fellas, looked through duckdao.io, the first crypto incubator with a different connected platforms? What do you think about it?
Is it a good solution to participate in DuckDAO Hunter Season?

>>24310193
Bullish as fuck, rev those buybots up and idle just a bit longer

>>24310193
>fake internet money

You do not get to insult shit by calling it "Internet X" or "Internet Y" anymore. I'll shit on your grave, Boomer.

>>24330107
Seethe harder zoomer scum

>>24310193
we crashed to 16k and if you look at the performance from corona crash in march it is still best performing asset in 2020.

so with all that said about it being a ponzi scheme, fools gold, the only fundemantal is speculation of price gains and nothing else.

what does that mean for this experts opinion on other asset classes. last time I checked we live in a plandemic with record high unemployment, a worse economy than 2008 meanwhile stocks reaching new ATHs and real estate reaching all time highs.

this fag really knows a ponzi scheme when he sees one lol

>>24310193
It's true
Bitcoin is a old piece of shit and the sooner its replaced by something faster, cheaper and more private, the better

>>24322722
and who made you think we will be exchanging crypto then? what will you use it for? people will change goods not crypto

>haha i told you this coin that went from $.000001 to $19,000 to $4,000 back to $19,000 then "crashed" to $16,000 was worthless!
>i'm way smarter than everybody who bought it
this is the kind of guy who will buy in at $50k and say it's not fair that he didn't get in earlier.

>>24310438

are we going to see these tweets when we see another ATH? serious question

>>24312611
you copy paste your posts everyday but nobody will read them fully

>>24310193
>being this cucked
Who cares if it’s real or not, I made 33k pure profit in less than 6 months

>>24330561
>I made 33k pure profit in less than 6 months
You’re a part of an incredible small number of people that bought in very early and made the most profit. That ship has sailed, BTC will eventually go down to zero when enough people realize it’s worthless just like Enron

Did you know about DuckDAO (duckdao.io)?
Not long ago I read their announcement about the first hunters season, and it seems like it is profitable to hold and trade DDIM. What do you think

>>24310193
This thread is archived