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/biz/ - Business & Finance

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12761518 No.12761518 [Reply] [Original]

How does it feel knowing you are investing with valueless currency, /biz?

>> No.12761528

If it was valueless, you wouldn't be able to invest with it.

>> No.12761548

>>12761518
>t. Mahmoud Salar Al-Jahreen

>> No.12761549
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12761549

>>12761528
check mate

>> No.12761564

>>12761518
>he thinks all crypto is currency
wew

>> No.12761571

>>12761518
great
because I see the value and vast vast majority don't
that means if I am right I am in for a payday

>> No.12761585

>>12761564
yeah most of it is just token selling scams

>> No.12761608

>>12761518
well if its valueless, i have nothing to lose by investing it

>> No.12761702

>>12761608
That is, if you buy gold or silver with your winnings

>> No.12761714
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12761714

>>12761702
your reply doesnt even make sense, but your original premise didn't either.
step your game up or better yet just kys faggot

>> No.12761752

>>12761714
reminder: fiat currency is doomed to fail

>> No.12761771
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12761771

>>12761752
thats why i hold fren

>> No.12762016

>>12761518
>valueless currency

USA is taxing it. How can it be valueless when the USA recognizes it as a currency to be taxed on, hmmm?

>> No.12762031

>>12761608
This
What the fuck are you talking about OP
as soon as you invest your cash you no longer own that cash, you own whatever you’ve invested it in

>> No.12762041

>>12761752
Even if that was true, which you could never prove, it wouldn't make fiat currency valueless now.

>> No.12762062

>>12761518
If the dollar is valueless then exchanging it for other assets is what you should be doing. What is the point of this thread?

>> No.12762103

>>12762041
History is on my side on this one chief. Obviously its recognized as a valuable item right now and maybe years from now. But you cant stop inflation. Your assets WILL be less valuable in the near future, unless your assets are precious metals. Gold and silver is money, fiat currency is debt

>> No.12762112
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12762112

>>12761518

but i'm not saving in USD so i'm good bro kek

>> No.12762151

>>12761518
That’s why I buy PMs faggot

>> No.12762155

>>12762103
>History is on my side on this one chief.
Evidence and reason are on mine.
>Obviously its recognized as a valuable item right now and maybe years from now.
Hence why you are wrong.
>But you cant stop inflation.
You don't want to stop inflation. Moderate inflation is a good thing.
>Your assets WILL be less valuable in the near future
That's the opposite of what you just said. If there is inflation, it means that my assets are worth more, not less.
>unless your assets are precious metals
Precious metals do act as a store of value, like many other commodities.
>Gold and silver is money
It demonstrably isn't. Can I go into the grocery store and buy food with gold or silver? No. Can I pay my electric bill with gold or silver? No. Are stocks or real estate prices or anything else valued in gold or silver? No. Gold and silver are not money.
>fiat currency is debt
It's created using debt and is a liability for the issuer, but it's an asset for the holder and is demonstrably money.

>> No.12762187

>>12762062
Exactly. Does that not sound an alarm to you?
>free money by investing a currency that has no intrinsic value, which you can then trade for gold, which has intrinsic value

>> No.12762197

>>12762151
This

>> No.12762232

>>12762112
those newfags nowadays dont imply implifaction

>> No.12762287

>>12762155
I will admit, you deconstructed my argument nicely. I dont have evidence to back my claims, except for fiat currency being a historic failure. Could you answer me this, why is fiat currency going to work now when it hasnt for thousands of years?

>> No.12762352

>>12762287
A global system of floating fiat currencies managed by central banks is without historical precedent.

>> No.12762436

>>12762352
Explain to me why these failures should not be considered please

>> No.12762469

>>12762436
Because they are materially different from what is being done now. There is no historical analog for our present system.

>> No.12762513

>>12762469
What makes our current system better than previous ones?

>> No.12762531

>>12762513
It isn't designed to be temporary, it doesn't exist alongside major currencies that are not fiat, etc.

>> No.12762588

>>12762531
Thanks for the info

>> No.12762868

>>12761518
>invested

kek

>> No.12762875

>>12761518
It feels good

Real good

>> No.12762893

>>12761518
It really doesn't feel like nothing. After all, it is internet money.