/biz/ - Business & Finance

[Anonymous No.14368923]

>bought bitcoin at 12,920

MY LIFE SAVINGS ARE GONE I'M FINANCIALLY RUINED WHAT'S THE LEAST PAINFUL METHOD OF KILLING MYSELF DON'T EVER BUY THIS PONZI


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[Anonymous No.14368939]

>>14368923
It's not a ponzi scheme, you're just a retard.

[Anonymous No.14368948]

>>14368923
if you bought 1 btc at 12.920 you are rich in 2021 you made it anon.

[Anonymous No.14368967]

in two years you'll post about about buying as low as you did and anons wont' believe you

[Anonymous No.14368972]

>>14368923

helium canister + bag on your head.

[Anonymous No.14368991]

>>14368972
nah, go with nitrogen. they're putting oxygen in helium tanks now

[Anonymous No.14369024]

>>14368939
>profits are paid from the money of future investors instead of revenue generated by a business

how is it not a ponzi gain?

[Anonymous No.14369038]

>>14368923
>small fluctuation
>financially ruined

[Anonymous No.14369045]

>>14369024
so basically all non-dividend yielding stocks?

[Anonymous No.14369066]

>>14368991
gotta get that 100% helium from the gas welding store

[Anonymous No.14369067]

>>14368991
Nah just put oxygen canister and a plastic bag.
Too much oxygen will kill you too.

[Anonymous No.14369071]

>>14368991
its like they want you to suffer until the very end for refusing to slave away for the masters

[Anonymous No.14369079]

>>14369024
>Bitcoins are debt

[Anonymous No.14369105]

>>14369045
stocks are ownership in a productive business that entitle you to ownership (equity) in that business.

Bitcoin is a proper ponzi. Look at this board, fucking everything is buy and hold memes and getting rich, then shilling new people to buy your shitcoins.

Nobody can seriously make a valuation for what bitcoin or any crypto is worth, even at peak adoption.

[Anonymous No.14369114]

>>14368923
I bought ETH at 337. Can't even order a rope nor pay a bullet.

[Anonymous No.14369134]

>>14369024
I know it's a trope, but gold basically has no real intrinsic value either. As a metal it has some industrial uses but only a retard considers that the basis for the price.

Gold became a standard reference currency for two reasons

1 - It had a stable and reasonably predictable supply

2 - It was agreed by large groups of people on different sides of potential transactions that gold would be an acceptable unit of settlement.

That's it, fuckwad. If cryptocurrencies are a thing at all, then BTC is obviously the reserve. Do you think crypto is a thing, in ten or twenty years? That seems more or less clear at this point .

[Anonymous No.14369137]

>>14368923

>Down 1%
>Financially ruined

What keeps you from dumping it all on the market?

[Anonymous No.14369148]

>>14369105
>Appreciating assets are ponzi schemes
You don't know what a ponzi is.

[Anonymous No.14369150]

>>14369067

Have fun having your blood vessels rupture.

[Anonymous No.14369163]

>>14369137

maybe he long BTC at x100?

[Anonymous No.14369165]

>>14369079
>decentralized Ponzi
>debt

[Anonymous No.14369188]

>>14369148
The ponzi shills seem to be confused about the core distinguishing feature of a ponzi scheme. Literally everything's value is based on the demand for it - the genesis of that demand is entirely irrelevant.

A ponzi scheme, for noobs, involves a dividend that is guaranteed, and paid out strictly using funds gained from others signing on to that guarantee. The guarantee is a liability that inevitably causes the ponzi to collapse.

Now, remind me of the parallel there to BTC?

[Anonymous No.14369229]

>>14369188
Why are there so many ponzi shills on this board currently. Are they all paid pajeets.

[Anonymous No.14369252]

>>14369229
I think just googlefags who read the CNBC, Forbes, and WSJ faggotry they peddle.

Branded media is a maternal teet that many struggle to unsuckle. Then when they see us sucking on a fine ass tittie for real, they believe we're having a similar experience.

[Anonymous No.14369258]

>>14369105
the "ownership" component is virtually worthless in and of itself; even in the context of early stage private entities with simple cap tables, individual stockholder control is non-existent, dominated by one or two controlling stockholders bolstered by economic and contractual rights tied to their holdings' characterization as preferred stock. therefore, even at the earliest stages when one can be said to have meaningful equity on a percentage basis, the reality is you have no practical ownership and your investment is made purely with the hope that you will be able to cash out via x) acquisition, y) secondary transfer (very rare) or z) ipo (also very rare). you can argue that your shares are backed by the company's assets and so there's a hard valuation basis in the case of exit, perhaps, but this ultimately has really nothing to do with a value case based on ownership of anything, and also it's 100% true that most valuations are based not on objective measurement of asset value or business "worth" but, instead, merely the price the company commands at auction (which derives heavily from market conditions, banker savvy, and other factors).

[Anonymous No.14369289]

>BLOCKCHAIN!!!
>IMMUTABLE LEDGER!!!
>PROOF OF WORK!!!
>HASHING POWER!!!
>SATOSHIS!!!

[Anonymous No.14369328]

>>14369289
ok now THIS is based, im convinced

[Anonymous No.14369332]

>>14369289
This makes me think - how long until BTC has a feature on the Switch? That might be a great peak indicator.

[Anonymous No.14369422]

>>14369258
All your babble aside, the simple fact is stocks and businesses can be valued in something of an objective sense.

Tell me how to value LINK or BTC. You can't.

[Anonymous No.14369657]

What are the chances of BTC crashing right now? I didn't buy in into it now like OP but I'd like to buy more but no way in hell I'm buying now.

[Anonymous No.14369703]

>>14369422
BTC isn't a stock, it's a currency. Tell me how to value a currency.

It looks like a simple thing to do, but then it gets much more complex as you investigate. Then it gets much simpler as you reach understanding.

All that is required for a currency to succeed is for people to be willing to accept it as payment in exchange for resources, be they labor, products, whatever. What usually determines that willingness is two-fold: a stable supply that ensures the transaction ratio is predictable (if I can agree that .01 BTC is worth a live cow and can reasonably expect that it will be worth a similar amount in a year, you have it). Second is liquidity: if I exchange my cow for .01 BTC, will I be able to convert that .01 BTC into food or property or whatever?

That's it. Can you see such a future taking shape? I would have said no three years ago, but today I'd say absolutely yes.

[Anonymous No.14369734]

>>14369657
it's crashing as we speak my boy
it's over, time to lock in your gains..

[Anonymous No.14369738]

>>14369657
...as far as I can tell, there's no way to judge whether it's going to go up or down, because there are no underlying fundamentals. There is no value proposition. There is just a lot of money out there seeking safehavens, return on investment, and capital flight (particularly from China)

We're in a bull market for stocks, bonds, crypto, and possibly to a lesser extent we're seeing the beginning of a bull even in gold and oil. It's absolute madness.

[Anonymous No.14369751]

>>14369024
It's a fucking currency you shit

[Anonymous No.14369780]

>>14369422
>literally just ignores my post by classifying it as "babble" repeating his "oversimplified to the point of meaninglessness" argument
the absolute state. i dont know why i bother posting here sometimes.

[Anonymous No.14369805]

>>14369657
> What are the chances of BTC crashing right now?
85 - 99%

[Anonymous No.14370091]

>>14369751
>It's a fucking currency you shit

[Anonymous No.14370114]

>>14369751
its a currency and people who bought it 5 years ago would never buy this shit again with the price being at the point it is now. They will keep siphoning off their funds whenever their bucket of cocaine runs dry

[Anonymous No.14370130]

>>14369751
currencies are used to buy things besides other currencies... crypto is, at the moment, a speculation device, like a forex tool.

If we see paper and plastic (and coins for you third-worlders) really start to fade away in favor of shit like venmo and apple pay, then people may start actually using crypto as a currency.

[Anonymous No.14370184]

>>14369805
100%

[Anonymous No.14370219]

>>14369024
gold is a ponzi
silver is a ponzi
undeveloped land is a ponzi
oil and gas are ponzis
non dividend paying stocks are ponzis

[Anonymous No.14370277]

>>14370219