/biz/ - Business & Finance

>>52744303
or you could just own some Satoshis. There are billions and billions and billions of those. they are the same thing as bitcoin.

and usdt is the better casino token
so there could only be 2 btc and nobody would care either way

>>52744329
Sure
But everything's gonna be okay

>>52744349

>>52744384

what does it do

>>52744343
>His Bitcoin position starts with a zero in front of the decimal
>>52744384
$15,500 was the bottom. Going lower than that would make normies double down and you know it. The lower BTC goes the more unironically affordable it becomes. If BTC went to $100 overnight it'd be soaked up by unironically anyone.

>>52744303
how do I stake my bitcoin?

>>52744444
See this post

>>52744414
>>52744436
The market will crash again, and the price of bitcoin will fall to $7k. Mark my words, TA retards. Even the price of monero will fall to $70.
Bitcoin will not recover to historical prices because its fundamentals have been broken since the XT dispute, and the only thing propping the price up has been speculative hype. It has nothing to do with drawing lines and rainbows on a price graph. Remember "20k is the bottom"? What outside information has fundamentally changed since then?
I would not buy bitcoin at 100 dollars. I have no practical use for it, and I have no expectation that it would bounce up from 100 bucks. The only thing buying bitcoin does is enrich idiots like you.

>>52744619
Good thing I have a practical use for gold

>>52744414
Why aren’t you all rich yet?

>>52744662
Bitcoin and Gold are not comparable. I say this as someone who owns neither.
Although much of gold's value is predicated on speculation, gold also has industrial uses due to its unique chemical and physical properties. If people decided tomorrow that gold was not intrinsically valuable, it would still retain some extrinsic value.
Bitcoin has no useful unique properties besides its brand name. It is not even sound money because it requires a massive global network in order to function, it's limited to 7 transactions per second, and it isn't even fungible.

>>52744687
we are, I am literally drowning in teenage pussy atm!

>>52744797
>intrinsically, extrinsically
A semantic point, but all value is extrinsic because it's memetic. Even a hammer's value is extrinsic because it comes from people wanting to hammer nails with it. Without people, the hammer would not have value.
>Bitcoin has no useful unique properties besides its brand name.
People don't buy gold because they are speculating on the price of jewelry going up, by and large, but because of its brand name, or rather, the monetary premium that people tend to call "extrinsic": money in and of itself, as infrastructure, has value because it lowers transaction costs by being a way to facilitate payments. In that, it's no different than a new industrial machine that saves 20% on the costs of producing shoes. Bitcoin has the same ability, and it's a superior technology because it's near-instantly transmissible over great distances.

>>52744917
words words words.

The semantics are irrelevant to my point. Some people want gold because they just like to look at shiny yellow rare metals, you might call this "intrinsic value" if you were not a retard. Some people want gold because they use it to make other things that they want (electronics, etc.), you might call this "extrinsic value" if you were not a retard. Even if people decided that shiny yellow rocks did not have a good brand, and were uncool, then it would still be valuable to people who want to use it to make other things.

Bitcoin does not have "extrinsic value" in the same way. There is nothing that bitcoin is innately useful for. You could say that it is useful as money, but that only works insofar as people accept that it has some value (based on expectation of future value). In fact, it might even be a good investment if you intend to profit off of the buy pressure created by people expending their bitcoin through fees. However, bitcoin has other characteristics that make it useless as money, so this will clearly not pan out.

Almost nobody uses gold as money because it is inefficient. However, gold is still a superior form of money than bitcoin, which is also unused because it is inefficient. Bitcoin is only used insofar as it is similar to (centralized) banking systems (e.g. LN, fedimint, etc.) which are more useful. These centralized systems on top of bitcoin destroy the use case of bitcoin in the first place (https://www.youtube.com/watch?v=tKYEQVPklLI)) while depending on bitcoin "L1" fees that they do not contribute to (https://www.truthcoin.info/blog/lightning-limitations/).).

Ultimately it does not change the fact that bitcoin is not useful payment infrastructure.

>>52745280
>words mean nothing
Why are you writing them, then?

>>52744303
Look at Grover