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/biz/ - Business & Finance

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10584085 No.10584085 [Reply] [Original]

Is BTC USD value growth really just speculation?
Or is it a display of people realising subconciously just by taking part, that it has more properties of true money and value than fiat does?

is the price growth an inevitable consequence of its sound principles and fundamentals, including mining economics(halving etc), which we subconciously gravitate towards as an inevitability?

>> No.10584097

Speculation. Only a tiny minority of people care about the technology or using it as money. See: Virtually every thread talks about the value of bitcoin in dollars.

>> No.10584103

>>10584085
It was inevitable until it was permanently corrupted by segwit and adoption limited to 1mb of transactions every 10min
But that was always the plan

>> No.10584130

>>10584085
You waste the computing power of shitloads of computers towards solving math programs.

All for the sake of 'decentralized currency'.

Guess what, having 80% of chinks mine the shit and two mining cartels control the mining pools means it's a fucking worthless piece of shit.

Fuck crypto.

>> No.10584171

>>10584097

i get you. stick with me... imagine that humans, cant help ourselves but to find the best. breed with stacies and chads, buy the best quality, kill the tastiest animals, farm the most productive crops, harvest the best purpose trees, etc.
Gold, was picked for minted coins thousands of years ago, rather than, say, bronze. or anything else. rubies. whatever.

Then comes Bitcoin. it has all the properties of true money, for the first time. some people tried it out and liked it, then more, and now more. is the speculation a simple side effect of this, our subconscious recognition of its value as money? is speculation just the thing that happens in the mean time, a side effect of the inevitabiltiy of humanity deciding its good?

>> No.10584172
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10584172

>>10584130
yeah because we all know governments, central banks, and commercial banks require no computing power or other costly resources, right Salty McNocoiner?

>> No.10584195

>>10584130

thats the Darwinism at work. if BTC proves not to be worth it because of electricity costs, it will fail fast, and thats that. is the fact its even ramping up in the field of peoples minds and eyes a side effect of its trajectory? it may have already passed the rift of no return, the point where it cant fail may be here...

getting to 1000 dollars for 1 cent, and in the eyes of most the world just in a vague way was the hard part. now the rest happens on its own.

>> No.10584219

>>10584097
True, but this is /biz/

>> No.10584239

>>10584172

This lol. Just because it's easier to calculate bitcoin's power consumption doesn't mean it's more than the centralized system ffs.

>> No.10584269
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10584269

BTC will continue crashing. The current price is only because of deluded hodlers.

>> No.10584293

Electricity scarcity is a meme. I don't care if we have to build new nuclear power plants just for mining, removing the greasy fingers from world finance is worth it.

>> No.10584307

>>10584269

ok senpai, you arent getting it. say it crashes to 1700dollars.

even if it was 600 dollars last january.... speculating a side effect of the humans draw to the ideals of real money. it might take 60 years to reach 100k, whatever.

>> No.10584328

>>10584085
Once normies get fucked by bad inflation they will wonder why their money isn't in crypto

>> No.10584389

>>10584103
bcuck plz.