/biz/ - Business & Finance

>>50786518
Everything is

>>50786518

Yes. It provides no utility or services. It can only go up in price if people buy in with currency and there is high demand. It can only go down in price if people sell for currency or there is very low demand.

>>50786518
No. A Bitcoin standard would make everyone wealthier. No more forced devaluations by unelected bankers

>>50786592
/Retard

Bitcoin is a zero sum game, however is the only zero sum game that is non discriminatory. The earlier you are, the greater you benefit from investing in an emerging asset class.

>>50786629

>>50786655
That's why it's based

>>50786616

this is not totally true there would be massive crashes that makes the banker markets look like stable coins. the real benefit is giving nature the control instead of the bankers and letting retards who should fail actually fail. this will probably still lead to massive inequalities

Yes, stocks go up in valuation due to earnings growth and dividends. There is also speculative bullshit that temporarily moves them around that natural and real growth. Crypto is ONLY the speculative part, so it depends on a bigger fool.

>>50786518
Miners sell Bitcoin to cover energy costs. It is a leaking system, as explained here: https://cryptostackers.substack.com/p/bitcoin-is-not-a-store-of-value

>>50787172

Don't (You) me EVER again.