/biz/ - Business & Finance

>>25414069
lol is this nocoiner cope or nocoiner seethe?

hedge funds

>>25414069
btw you had 12 years to understand bitcoin now its probably too late by the time you do you will be completely priced out.

have a nice life

>>25414069
it has value because it has value

>>25414069
What value does gold have? High conductivity? Commodity value because jewlery?
Interesting

>>25414098
I have a decent wad in alts, and a bit in bitcoin from earlier in 2020.

> Is China really that desperate for it to succeed?
there's no volume for china to be involved, otherwise we would have 2017's volume and BTC would be close to 100k already with such low sell orders

>>25414069
Tether has been pumping the price without the funds to back it up.
Once the SEC gets around to investigate them, the whole crypto market will collapse.

>>25414168
>What value does gold have? High conductivity? Commodity value because jewlery?
At the very least it's something physically tangible.
Bitcoin is just one of many cryptocurrencies. It also has no potential for day to day transactions because the fees are too high.

>>25414069
Investors are retarded and greedy, it's gambling and if you don't sell early you lose.

>>25414234
so is copper shiny yellow better conductor than gold physical so why copper doesn't pump with gold?

>>25414069
The value lies in its value. You will understand eventually

>>25414069
>W..WW...WWWHAT GOING ON GUYS?!?!?!?!?! MY PHP FOR DAPPS WAS SUPPOSED TO MOON!!!! WAS IS THE THING THAT SOLVES PROBLEMS FOR THE LARGEST FINANCIAL COMPANIES MOONING AND NOT MY PHP?!?!?!?!??!?!

>>25414069
Tether exit pump before stablecoin regulation hits. They've been minting like mad since the stable act got announced. Another third of a billion just yesterday.

https://mobile.twitter.com/search?q=from%3Awhale_alert%20minted%20at%20Tether%20Treasury&src=typed_query&f=live

You are right. Bitcoin is better than gold
In the end it was the 1s and 0s we made along the way

>>25414602
Gambatte

>>25414069
>gold has no physical value, and everything it does can be theoretically recreated by another metal

>>25414069
Here is something to explain it to you nocoiner.

>>25415011
>nocoiner
You are an idiot. Not clicking your image.

>>25415011
You are missing the point, moron

>>25414234
>At the very least it's something physically tangible.
Yes, what a rare and unique property. Visa payment network BTFO.

>>25415083
What point?Bitcoin has a monetary inflation of 1.80% since may , the usd has a monetary expansion of like 80% since march.

Fiat currencies are literally collapsing , i know it's hard to accept this , but there is a reason why the western civilization that emerged from the renaissance used gold until 1971.

>>25415031
UH OH STINKY BRRRRRRAAAAAPPP LOOKI LOOKIE MAMI I DID IT AGAIN I MADE A HUGE STINKY WINKY DOO DOO ON 4CHAN BECAUSE IM A BRAINLET AND CANT FATHOM BITCOIN AFTER 11 YEARS. BRRRRRRAAAAAPPP UH UH ANOTHER

>>25414069
>global crisis
>bitcoin drops slightly du to never before situation&recovers
>meanwhile economy goes to shit
>us prints $
>more money in circulation
>more money available to be invested into bitcoin in a situation where US dollar is devaluing
=profit

>>25414234
>At the very least it's something physically tangible.
irrelevant

>>25414069
You are literally an 80 IQ nigger if you don't "get" bitcoin in 2021 A.D.

DYOR. Stop shitting up the board with normie questions that can be answered by google. Questions you should have asked at the media attention phase over three years ago.

>>25415126
>fiat
This is where you continue to miss the point, moron.

>>25415083
>>25415206
What's the point einstein? Pray tell

>>25415206
Ok what do you want it to compare with? Gold? Gold is cucked by jp morgan for decades.

Real estate?A millionaire in the usa could buy 37 new houses in 1971 when bretton woods today he can only buy 3,5.

Inflation is totally out of control and the cpi is a larp worldwide.
Bitcoin is a thermometer for the real inflation.

>>25415206
Hey, did you call him a moron yet?
Oh ya, what's your "point"?

>>25414218
They've had years and years and they've done fuck all.

>>25415201
>>25415272
>>25415277
>>25415288
Why is it so difficult for braindead chimpanzees to understand the meaning of equivalent?

>>25414168
gold is easy to understand and idiots are weeded out very quickly

bitcoin is what happens when you let toddlers speculate and never tell them that they lost

>>25414218
To summarily blow away any tether fud:
From February 2018 to July 2020, Bitcoin price started and ended the period at $11k, while the supply of stablecoins increased from $2B to $11.5B. Tether increasing from 2.2B to over 10B.
https://formula-builder.coinmetrics.io/#244
If the creation of stablecoins somehow supported the price of Bitcoin, why was its price unchanged as the supply of stablecoins increased by 400 percent?
(You), fixated on Tether, have no answer for this question.

>>25415348
Bitcoin is and never will be the equivalent of gold you retarded boomer faggot. It's superior. Enjoy your shiny rocks and MUH """INTRINSIC""" VALUE.

>>25415457
>Bitcoin is and never will be the equivalent of gold you retarded boomer faggot. It's superior. Enjoy your shiny rocks and MUH """INTRINSIC""" VALUE.

>>25414069

>>25415371
They kept a price floor during bear and accentuate pumps and conveniently time bounces during dips. Doesn't take much to manipulate the market in crypto. 50-100 mil well timed market buy is enough to shift the momentum. Let greed and FOMO carry it the rest of the way.

>>25414069
>Chayna
Go back to /pol/

its a classic low liquidity pump, followed by a dump. check rsi

>>25414069
there will be no spoonfeeding in 2021
cope brainlet

>>25415501
no such thing as intrinsic value , that's the marxist theory of value thinking and it's why the soviet union fell.

Value is created by supply and demand no such thing as intrinsic value , gold has value due to low supply same as silver.

Bitcoin has value due to extreme low supply and high demand, plus can be sent anywhere.

>>25415501
"My gold certificates have intrinsic value! Someone's going to buy them from me in two years and use them to make jewelry!!! Excuse me while I go to bank branch and cash my social security check for bingo money"

>>25415579
I smashed all tether speculation here: >>25415371
You didn't address a single point.

>>25414218
>he doesn’t know tether is the fed participating in cbdc for experimentation

>>25414069
>Bitcoin can never be a true equivalent of gold because it has no physical value
LMAO

>>25414148
You can always buy btc.

>>25414069
>there are people on this board who still don’t understand Bitcoin’s value proposition and use the “its not even real!” Argument while posting on a device interacting with nodes globally shooting information near the speed of light through the air into these nodes onto other peoples devices

>>25415796
>boomers

Nuff said

>>25414531
RAMSEY'S TEARS SO GOOD

>>25414069
>Bitcoin can never be a true equivalent of gold because it has no physical value

Exactly, is way better than gold because of that

>>25415796
"B-b-but I can't touch it or see it like muh dollar bill or muh gold! Must not be real then huh"

bitcoin is NOT a store of value.

The medium of exchange is the tool that facilitates the indirect exchange system, which we created as a solution to the inefficient barter system.

Instead of having to 'sell' the good that you dont want directly for the good you do want to 'buy' (barter), you can now 'sell' the good for another good(the medium of exchange), and then 'buy' the goods and services you want with the medium of exchange.

For this to work, the medium of exchange(money) must be a useful commodity that can retain consistent tangible value and utility, and therefore always have demand from others who are in turn looking to exchange their goods for said commodity (now the means of exchange). One of the most important benifits of this is that the medium of exchange can now act as a 'store of value', where 'purchasing power' can be stored in a commodity that can reliably be predicted to retain value over time.

Many commodities have been used as the means of exchange throughout history, but the free market has determined Gold and Silver suit our purposes for a means of exchange best.

Crypto currency fails as a means of exchange as it is not a commodity with any utility in and of itself, therefore cannot be a store of value. Despite its advantages over commodities in a digital sense, it is still expensive, slow, and difficult to use(relative to other mediums)

paypal and square and other large institutional investors are buying up all existing btc.

>>25414069

>>25414069
OP is doing a financial journalist impression asking questions that have already been asked and answered infinity times over the last ten (10) years. Next he's gonna shill us some T-bills or GE stock or something.

>>25414069
>Bitcoin can never be a true equivalent of gold because it has no physical value
>gold has intrinsic physical value.
He doesnt know...

>>25415929
but then why would they buy ?

>>25415920

Everything you just posted is exactly the opposite of true.

>>25415670
...gold is used for literally everything tech.

>>25416132

Not for long. There have been multiple major breakthroughs in kitchen-temp superconductors this year. Any industrial value that gold might have will disappear entirely within 3-5 years.

>>25416187
>3-5
lmao no.

Room temp superconductor they got is only stable for super short time under specific settings. Just cause its possible right there doesnt mean its gonna be possible in any standard usable setting. Even if it is, thats 20-30 years away when room temp superconductors become normal use, not 3-5.

>>25414234
>physical
>put your wallet.dat file on a flash drive
>bam, it's suddenly "physical"
people are retarded
microsoft does software worth hundreds of billions and no one bitches about microsoft "not being physical"

>>25415920
What do you use gold and silver for retard? What is their utility?
>muh gold is a conductor
Gold has been used as a store of value since way before electricity was discovered

>>25414806
In theory? Check out the alchemist! Fucking retard. Gold makes BTC possible.

>>25414069
It's a new paradigm, and everybody who doesn't buy, now, will be priced out forever. Anybody who does buy will be rewarded with a lifetime of riches, as their bitcoin will continue its 30% monthly price increase.

Nocoiners, and anybody born in a future generation, will not be able to afford a $10,000,000 satoshi in 15 years. They will live in tent cities, and Hondas.

This asset bubble is different than all of the others - it will never slow down, or pop. The gains are permanent.

>>25416255

You're behind the curve. I'm familiar with the room temp superconductors that you are talking about: basically being held under gas giant pressures and supercooled to meme the "room temperature" target. Not what I am talking about. They've got some new results using lattice materials that are commercially viable.

>>25416476
For someone who doesn't really get what kind of impact that'll have, for what we have now and what can be made from these, can you provide examples of what it will improve thats so revolutionary?

>>25414069
it's just a hype bubble. last time Bitcoin did this, it double topped and tanked hard.

every other explanation is basically hopium.

>>25414069
This entire thread is just retarded goldbug boomers asking everyone to spoonfeed them bitcoin 101 and then ignoring that and responding with "B-b-but muh intrinsic value? Cannot hold bitcoin in my hand so it's not real durrrr"

Fucking hopeless

>>25414168
The amount of labour time that gold takes to mine.

because its clown world and retards are buying the most obvious scam ever, bitcoin.

>>25416548

This time is different retard, enjoy being a nocoiner.

Just bought at ATH.

AMA
spoiler: its going to 45k before dropping back to 30

>>25416117
no its not, but feel free to attempt to refute any of it with an actual argument

>>25416312
>What do you use gold and silver for retard? What is their utility?

https://geology.com/minerals/gold/uses-of-gold.shtml
https://geology.com/articles/uses-of-silver/

>>25416476
what the literal fuck are you morons blabbering about? gold is used as corrosion resistant contact. nothing to really do about its conductive properties.

>>25416548
https://www.youtube.com/watch?v=XbZ8zDpX2Mg

>>25416599
>This time is different
>typing this unironically

>>25414234
>At the very least it's something physically tangible

This is such a brainlet argument, I don't understand how people don't feel like cavemen while saying it.

>>25415457
bitcoin is fundamentally flawed faggot. How will the network work when there are no bitcoins left in circulation?

>>25416599
just like every time right? I'm not sure why you morons believe this shit every single time. It's like summer fags buying into the hype ATHs of LINK just to get stable coined at ~$10. If you were in before the exponential explosion, you won no matter what, but the odds of you winning if you bought anywhere along that fat green dildo are very low.

This is Tether exit pump, blatantly obvious given that the world economy is being deliberately crashed with criminal lockdowns.

Daily reminder

>>25416671
>>25416734

Can't wait for you fucking retards to cry and FOMO in at 500k.

>>25416132
Yes and that is not intrinsic value that's just demand.
Same thing that bitcoin has for international wires.

>>25414069
you had 10 years

>>25416762
>cry and FOMO in at 500k.

I don't FOMO and I don't have regrets which is why I win no matter what. Maybe you should set realistic expectations of returns instead of chasing improbable hype, child.

>>25416704
Based retard

>>25414069
>everything it does can be theoretically recreated by another cryptocurrency,
so you can instantly make a coin thats been up 100% 24/7 365 for the last 11 years? are you a retard or a fucking faggot?

>>25416646
>higher highs
>higher lows
>every fucking time every cycle

"B-B-BUT MUH CRASH?!"

These are the same fucking people that buy high, sell low everything they touch. NGMI

>>25416595
Bitcoin is the only real thing in a world of lies , it will expose the biggest scam that is the post 1971 monetary "system" or non system to be more correct.

>>25416633
>Jewelry: The Primary Use of Gold
lmao that's so useful, how btc will ever recover?

Most of these "uses" (besides jewelry, which isn't useful at all) didn't existed 100 years ago, yet gold have been used as a store for thousands of years. Funny isn't it?

>>25416750
Translation, he couldn’t have done it even if he wanted to.

>>25414069
unstoppable, the hardest form of money ever...
https://m.youtube.com/watch?v=1oQLOqpP1ZM

>>25416750
Daily reminder that they did not do that because it would be a hard fork and no one would have used their rolled back chain.

Bitcoin is a scam. It has no attractive usecases besides being a pump and dump speculation vehicle

It's fucking over. MSM has started reporting on this

>>25416882
Cope we all use it as a bank account in our country.

>>25416842
hardest form of money it is not. It´s fundamentally flawed and the 21 million supply cap is likely to be removed with time.

>>25416915
>General public starts investing again
>Whales sell and tank the price like in 2017
Glorious

>>25416915
Is this newspaper run by children or something?
>don't even know how to write

>>25416392
>This asset bubble will never end!!
This is the sell signal. Sell it all, it's over.

>>25414069
>Ok so what the fuck is going on here?

The future

Is it possible to alter your coins? Like put a virus on that shit and put it back into circulation?

>>25416579
so same as btc

>>25417057
Go back to dying, swedecuck, this is big boy discussion

>>25416704
https://googlethatforyou.com?q=what%20happens%20when%20the%20last%20bitcoin%20is%20mined

>"Uhhhh spoonfeed me pls durrrrr"

God you're a fucking lazy retard. You should have googled this shit YOURSELF 3 or 4 years ago like I did.

>>25414069
Tether, you idiot.

Get into ALTS before BTC gains 20x all ALTS. Specifically, Bonded Finance.

>>25414069

>Bitcoin can never be a true equivalent of gold because it has no physical value

stopped reading there

>>25414069

Tether exit scamming, pumping the price so they can exit to real dollars, leaving only worthless stablecoins available when the price collapses.

When this is all over, BTC is going back to $1000

>>25417099
For what purpose

>>25417132
>nordcucks in lockdown since march out of fear for catching a cold
Sure I'm the one who's cucked

>>25417099
No.

>>25417270
>load ze tether FUD again

>>25417270
>1000
And then the cycle repeats, where everyone buys in again.

>>25414069
Bobo...are you ok?

>>25417372
Yeah, because you lazy poles-lite can't jump the border to make actual, real money in Norway

>>25416928

>removed

t. doesn't know anything about crypto

>>25417270
COPE

>>25417137
that doesn´t answer the question or solve the problem moron.

>>25415371
didn't like 85% of USDT get printed in 2020?

>>25417270

>exit to real dollars
>real dollars
>dollars
>real
>real dollars
>REEEEEEEAAAL DOLLLARSSSS!!!

>>25417581
the bitcoin supply cap of 21 million can be removed. Code can be changed moron, and it will likely has to change when there is zero btc left in circulation. So, the 21 million cap has a good chance of being eventually removed

>>25417659
possible, but doubtful. it would splinter the network and for what reason would people join the network that devalues their bitcoin?

>>25417659
>Code can be changed
On the bitcoin computer?

>>25417270
Why would you sell for "real dollars" when these real dollars are constantly diluted by QE? The dollar is collapsing. BTC is only going to grow stronger over time. Your post is gibberish. You will die poor like an animal in the dirt if you do not understand BTC.

>>25417659
>Code can be changed moron

Like I said, you don't know anything about crypto. Educate yourself.

>>25417707
>Hold up...I'm just gonna load up the old "bitcoin computer" and make more coins exist. There. Now there will only ever be 22 billion BTC ever mined.
Lol.

>>25414069
No idea.
DXY found support and it's crabbing atm so there is literally no reason for this insane pump.

>>25417224
>still not understand what equivalent means
Yep, you're an idiot alright.

>>25417813
massive short squeeze at 30k + otc leakage to public order books. also idiots buying btc with stimulus checks.

>>25417759
You are such an idiot it's funny, jesus christ.

I own 0.01 BTC.

I have about $200 to put in coins, BTC or ETH?

>>25416838
that handful of people have 65% of the hashpower, they can alter transactions. they chose not to because it wasnt worth risking their billions in bitcoin to save $100mil

>>25414234
>bitcoin is just one of many cryptocurrencies
>implying dogecoin and bitcoin are identical because they're both "just cryptocurrencies"

I hate i share the same board as these types of retards.

>>25418038
Who has this much? China?

>>25418082
Bitcoin can't even be called a real currency because the transaction fees are so high, idiot.

>>25415929
In fairness, Square and PayPig aren't really institutional, they're just a whole bunch of retail.

MassMutual, Guggenheim, ARK, One River, and that ilk are institutional.

>>25416548
Last time the hype was all about "crypto" and everyone was only buying Bitcoin because it was an onramp to trading shitcoins. Literally over 60% of the "crypto" space was shitcoin projects being shilled here hard.

This time the shitcoin market is less than 20% and realistically down below 10% (the higher "market cap" is just all the literally thousands of dead projects that are still listed even though nobody gives a fuck about them). The DeFi scam hasn't even gotten started and is only about 3% of the entire space. So those aren't going to implode and take Bitcoin down with them.

>PHYSICAL VALUE!!!!!!!!

>>25417484
Proof?
>>25417318
To ruin it

>>25416826
whoosh

>>25416750
see >>25416838
this

>>25418196
$32250 now on Bitstamp. When and how much of a correction will we see? I'll go DCA mode when my funds are transferred by 4th of January, don't believe this momentum is sustainable for too long.

>>25417983
>massive short squeeze at 30k
This. People were pointing it out while we were waiting at 29.5 this morning. "If it breaks $30K shorts will be fucked and MOON."

>>25417659
How the fuck can anyone be so fucking stupid

>>25418280
>>25418280
The "whoosh" was because the video he >>25416826 was bitching about is by a Bitcoin maximalist mocking all the "it's gonna crash" people.

>>25418122
>Fiat doesn't have transaction fees
Whatever fees you pay for exchanging bitcoin are more than made up by the fact that isn't constantly declining in value.

>>25414161
Circular logic

>>25414168
Yes more or less

>>25414168
doesn't oxidize (with oxygen) because of relativistic s-orbital contraction

Bitfinex exit scam.

Lol at copers ITT

>>25414394
Gold is a better conductor than copper, and unlike copper, gold doesn’t oxidize.

Copper is mostly industrial use, although you do also use it for jewelry in alloys with gold.

The reason why we value gold highly is historical, gold today gives a sense of status and authenticity.

Obviously it’s cultural, like diamond or gemstones. There are artificial alternatives but buyers of luxury goods want the ”real deal”.

>>25414234
Motherfucker I stop using cash years ago, everything can be paid with intangible money.

>>25418027
btc

>>25418620
no its not

>>25417659
we are all going to be long dead when the last bitcoin is going to be mined so why would you even give a fuck about that?

>>25416187
Do you have a link? I love cutting edge science

https://www.youtube.com/watch?v=ZBInhPFFVog&t=1s

Here is a fusion reactor that powers itself and creates surplus energy

>>25416704
easy anon, the network will work by me fucking your sister and whore mother for 0.000000001 BTC

>>25415011
Now post a chart of tether market cap

>>25416811
>>25417137

Uh oh, I don't like it when people can't answer questions

Can someone please answer the original guys question>?

>>25416704

>>25418196
Why are liberals such utter demonic cockroach trash?

>>25418122
>dollars you send with a international bank transfer arent even a real currency because the fees are so high

you can literally move a billion dollars in bitcoin and pay less fees than you would pay for sending 10000$ across the globe with your bank account

>>25417705
bitcoin has already split multiple times already

>>25418828
Isn't that the same type of thinking that got the planet all fucked up in the first place though?

$33.000 WHO LET THE BULLS OUT!!!?

>>25418893
Lol based thunderbolts

>>25414602
Holy fuck

>>25418366
>>25417983
These guys get it. Shorts getting liquidated by the minute now.

https://twitter.com/BXRekt?s=20

>>25415011
You are fucking retarded

>>25419119
yes it is you are right but thats just how humans are
you can always bet that the can gets kicked down the road