/biz/ - Business & Finance

>>26036260
Why’s Peter Schiff always yelling about his shiny boomer metals?

>>26036260
if bitcoin is so expensive why dont we like just deflate it? i dont get it

>>26036260
Peter SNIFF cannot keep his filthy schnozz out of any tweet about bitcoin

>>26036260
I agree with peter

90% of people who buy bitcoin, do it
not because they want to use it to buy something on the deep web,
Nor do they want to transfer money internationally to save on Banking fees..

They simply want to profit from the rising price. That's how bubbles are created. As soon as people remember that bitcoin is useless in the common market, the inflated price only driven up by the fact that people believe bitcoin is valuable, will skydive hard...

>>26036506
same with gold or literally any stock retard

>>26036557
idk about "retarded stocks".
Gold on the other hand has been valued for thousands of years. If you are retarded enough to think that people will somehow stop valueing gold, then yes, you are the retard.
And gold has many practical applications. Science is finding many more things to apply it.

grow up kid

>>26036260
USA housing market 2008 = Bitcoin 2021

>>26036628
The value doesn't come the applications you fucking idiot. Gold is not inherently more valuable than stocks or btc

>>26036628
kek "muh useful gold"
you think cryptos dont have real use cases? stupid faggot enjoy your 2% annual pumps

Honestly I think Schiff is based, he stands by his beliefs and I rather have that than institutional moon boys

>>26036762
Flat-earthers also stand by their beliefs. Doesn't mean they're not low-IQ morons.

>>26036628
Science is finding many ways to find more gold as well.

>>26036628
>people now ascribe it artificial value
>people for a while have ascribed it artificial value
where's the difference?

>>26036260
Isnt Schiff getting mogged by his bitcoin Maxi son?

Gold was money, but now it’s an asset. Same with Bitcoin, it was money and now it’s a stupid volatile asset
People don’t buy shit with either of them.

>>26038048
this, buy money

>>26036398
nice

>>26038048
Why would you
Why would you sell an appreciating asset for consumption
It makes way more sense to keep the asset as long as possible and only rarely sell it for depreciating fiat for consumption
Buying an apple that rots with fiat is fitting because the fiat itself will rot too

>>26036260
bitcoin is nothing like money, especially not since kikstream got involved

>>26036260
Who gives a shit? It's not like bills or metals, it's different so why the obsession with using labels meant for a different kind of world?

>Unironically not
Defis are the money now.
Scammy as they are, some are backed for real now. Look into DMG to see what i mean.

>>26036506
It’s just gambling. Same reason people go to Casinos and bet on sports