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/biz/ - Business & Finance

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File: 23 KB, 745x297, Figure-no1-Evolution-of-Lehman-Brothers-stock-during-June-2004-October-2010.png [View same] [iqdb] [saucenao] [google]
11813224 No.11813224 [Reply] [Original]

I-it cant hit zero, r-right guys?

>> No.11813614

why is - 23 on there

>> No.11813648

>>11813614
Someone bought the dip.

>> No.11813695
File: 65 KB, 500x378, 3196075125_8f92e8b570_z.jpg [View same] [iqdb] [saucenao] [google]
11813695

>>11813614
Probably just to clean up the graph so the flatline isn't over top of the dates.

Going with the thread theme:
>it cant hit 0, right guys? (pic related might look a little familiar if you study btc graphs)

>> No.11813752

>>11813648
Someone bought the dip forever

>> No.11813766
File: 27 KB, 634x403, enron.png [View same] [iqdb] [saucenao] [google]
11813766

>it cant hit zero, right guys?

>> No.11813798
File: 36 KB, 700x359, blockbuster-stock.jpg [View same] [iqdb] [saucenao] [google]
11813798

>It can't hit zero, right guys?

>> No.11813854

Stop posting companies that went bankrupt. Bitcoin can not "go bankrupt".
Post a commodity that went to 0

>> No.11813867

>>11813854
this. brainlets kys

>> No.11813914
File: 220 KB, 1004x795, 0_qnUzhHjta-2smwXK.jpg [View same] [iqdb] [saucenao] [google]
11813914

>>11813854
>>11813867
k

>> No.11813949

>>11813854
>commodity

hilarious

>> No.11813976

>>11813854
Bitcoin is a commodity in the way an 8track is a commodity, not like how oil is a commodity. Commodities can become worthless if people no longer find a use for them, such as when they find substitutes. Even worse, bitcoin is only digital and we do know digital currencies can become worthless, whether it's the knock offs that go no where, or its predecessor in e-gold

>> No.11813994

>>11813914
cool where can i get free tulips? Oh, I can't? Guess you're just a faggot then

>> No.11814003
File: 719 KB, 2222x1130, shitcoin bitcoin seg2x.png [View same] [iqdb] [saucenao] [google]
11814003

>>11813224

Of course it can.

>> No.11814026

>>11813614

Because ten times 23 is 230.

>> No.11814050

>>11813994
Post your address and I'll send you some

>> No.11814057

>>11813854

Tulips

>> No.11814072

Yes that's it goys, bitcoin is going to 0 so you might as well sell them now!

>> No.11814093

>>11814050
so you're saying there is supply and demand but the asset remains free.

Excellent economics anon.

>> No.11814115
File: 179 KB, 462x450, laughing whore.png [View same] [iqdb] [saucenao] [google]
11814115

>>11813854
>he still thinks bitcoin is a commodity

>> No.11814125

>>11813994
considering right now tulip bulbs are worth around $0.30 (and have been for an extremely long time) and during the time of the bubble some were worth 5-10x as much as houses, it might as well be. Will you be saying "its not 0 yet" if/when bitcoin falls to $0.30?

>> No.11814149

>>11814125

>0.3 is zero

>> No.11814236

>>11814149
Ill repeat myself, will you be saying "its not 0 yet" if/when bitcoin falls to $0.30?

>> No.11814243

>>11814236
obviously, because it's not zero

>> No.11814368

>>11814243
completely delusional. But please, tell me all of the industrial uses for bitcoin as a "commodity". Surely if all else fails I can construct a house out of bitcoin, eat my bitcoins, or have them refined and smelted down into jewelry right?

>> No.11814390

>>11814368
I don't really get what you're trying to say? Something "useless" like flowers or digital collectibles have no value?

Evidently not. I assure you there are still people who earn a more than handsome salary on tulips.

As long as anyone is willing to buy something, there will be value in trading it.

>> No.11814412

>>11813224
BTC will hit near zero within two years. It has proven to be flawed technology with no real world uses. Everyone wants out, they're just hoping for one last bubble to cash out during.

>> No.11814416

>>11814390
I am saying there is no (or at least extremely little) intrinsic value in bitcoin and the "value" it has all stems from the hype around it. Just like every other bubble and crash in history.

>> No.11814452

>>11814416
i still don't see any argument why it would ever hit zero value, which is LITERALLY all this discussion is about

>> No.11814469

>>11814452
Sure it may not "hit 0", but if no one is willing to buy it at any price isn't that basically the same thing?

>> No.11814478

>>11814469
>no one is willing to buy it at any price
doubt this will ever be the case. People will buy it as some kind of digital memorabilia if the price falls low enough. If that's the ultimate price equilibrium that's fine too.

>> No.11814564

>>11814390
Confederate money, after the civil war, had scarcity, just like bitcoin does, and it was also not backed by any particular good, just like bitcoin. After the war, the greyback became worthless, bitcoin may yet see the same fate.

>> No.11814577

>>11814564
pretty sure collectors pay good money for civil war currency today

>> No.11814584
File: 13 KB, 535x157, Capture.png [View same] [iqdb] [saucenao] [google]
11814584

ATTENTION:
WE HAVE HIT ADAMANTIUM SUPPORT.
THE BOGDANOFFS ARE BUYING

>> No.11814588

>>11813224
Exchanges could make it hit zero, just like how theyre all picking sides with the BCH forks

>> No.11814683

>>11814072
>bitcoin is going to 0
what do internet drug dealers use now so I can switch to that?

>> No.11814822
File: 67 KB, 750x702, 1534461734934.jpg [View same] [iqdb] [saucenao] [google]
11814822

I can't believe people unironically think it is going to zero.
it will be my mission to rub it in your faces.

>> No.11815108

>>11813854
> crypto goes up in price
"Hey guys, don't worry about a deflation trap or violent instability, crypto isn't a medium of exchange. It's a store of value. To the moon!"
> crypto goes down in price
"Hey guys, don't worry about the usd to btc conversion. 1btc=1bct! It's the currency of the future! Trustless transactions!"
> crypto craters
"Hey guys, it can't get any worse than this. Since when has a commodity gone to 0?"

Over the past few years crypto has apparently been: a currency, a store of value, and a commodity--whenever it's been convenient to be those things. So which one is it REALLY? And no take-backsies once the price flips again.

There's a reason that basic economics defines those three things differently, and we have different objects (gold, dollars, oil) to fulfill those roles. None of those existing things are perfect, but they do at least generally play their given roles.

Which role is bitcoin really supposed to be playing?

>> No.11815309
File: 4 KB, 282x179, brainlet0.png [View same] [iqdb] [saucenao] [google]
11815309

>>11814577
>Virtual shitcoin
>Physical historical item that can be displayed in the museum

>> No.11815942

>>11813976
Bitcoin has never had a use. In 9 years nothing has come of it. It's all speculation. There will always be someone to "buy the dip", therefore it won't go to 0 in the sense that a company goes bankrupt