/biz/ - Business & Finance

[Anonymous No.23114388]

Since this board is 95% related to crypto. Could anyone fill me in to as why crypto has value and isn't pure speculation?

Im new to researching it so please be patient with me

[Anonymous No.23114425]

>>23114388
the tl;dr is that it's all useless internet monopoly money but you can make ''real', money off of it

[Anonymous No.23114444]

>>23114388
just buy chainlink you dumb nigger

[Anonymous No.23114451]

>>23114388
Because people think its worth whatever they pay for it. Thats the only reason.

[Anonymous No.23114468]

>>23114444
Oh shit

[Anonymous No.23114474]

because you got trips I will answer
bitcoin is hard money. it is like gold, in that it has no centralised point of ownership and can be exchanged anywhere on earth, except that it is far easier to store. it cannot be confiscated

of course it's speculation, but then again so are stocks. is tesla really worth that many billions?

[Anonymous No.23114496]

>>23114388
Money is a social system and the tokens that represent units of money are valued as percentages of the total system's value.

If you aren't retarded, you would prefer to live in a world that has a money system versus one that doesn't everything ceteris paribus, therefore money as a system is valuable in and of itself for what the system facilitates and therefore the tokens of money have value thereby.

[Anonymous No.23114500]

>>23114444

[Anonymous No.23114515]

>>23114388
some coins are going to survive regulation and be useful because they have interesting applications. examples include NFTs, lending, machine2machine economy, blah blah, just look up usecases of crypto. think about how much stuff is still run by boomers in antiquated manner with legacy systems. the digitalization process is only going to accelerate, crypto has a part in that.

[Anonymous No.23114541]

>>23114388
Because, on a digital level, you can't possess your own money if they're not in a bank account, amrit?
And you can't send those money if you don't pass through swift or other channels like paypal, you follow me?
Shitcoins allow you to own your money on your wallet, you can send them anywhere without using banks or other channels.

Their value depends on the amount of cash that is into them.

[Anonymous No.23114567]

>>23114388
because pee pee poo poo

[Anonymous No.23114588]

>>23114425
>Implying that paper money isn't also completely useless and that (((backed by us government))) is no different from a coinbase listing to keep is from dumping this shit.

[Anonymous No.23114602]

>>23114444
>>23114500
Checked

[Anonymous No.23114611]

>>23114602
>4444 is the opposite of 7777
very bad sign anon

[Anonymous No.23114653]

>>23114388
Ethereum. It provides a usecase. Everything else is chasing that dragon. They're all wannabes, and yet, for Ethereum to have any use case at all whatsoever, they're all necessary. Over the course of the next 10 years of your life, you will develop ultra gut instincts on what will be valuable, and what will not be. You will be able to speculate which coins are rug-pulls, and whether or not they're it's worth riding the tsunami before it crashes. Your portfolio will be down 50% for things that have a real use case, and be up 200% for projects that are named after fruit. And if you let your greed take control of your mind for even a second, that's when the value of fruit-related projects inevitably fall to zero. It's a game of musical chairs, and when the music stops playing blood begins flowing with the victims nodding their heads in acknowledgment of the game they decided to play.

There are ETH killers. Which one is best? There are oracle providers. Which one is best? There is LINK, but the technology LINK invented was patented by a sub 30c stable coin, and other projects that provide real world data-inputs/outputs are in the midst of their climb. There is Vether for the masochistic, to obtain it you burn ethereum. I'd say it's solid, but you don't know. There are things that should've never happened. Things like Idena/PNK/RSR/RLC that never seem to die. They are just tumors of speculation, of which I've lost hundreds of thousands worth in paper-gains on.

If you just trusted the tumor-istic nature of some coins, you'd be heavily in the green, with nothing more than blind speculation and determinism. Right now that coin is Statera. I don't see Statera leaving us for another 3 years. It has a tumoristic quality, and seeing it for what it is, (that being a complete and utter fucking scam), I purchased several tens of thousands of it, because FOMO. And it's on sale. Parsiq was another coin with a tumoristic quality, but the devs lost all their tokens due-

[Anonymous No.23114672]

It IS based entirely on speculation, but unlike boomer markets, its speculation is so wildly volatile and there's so little regulation around it that any poor schmuck with $500 can hit a moonshot and become a millionaire in the span of a day or two.

And that's explicitly why it attracts so many stupid, naive, gambling poor morons that bloat the bags of whales that got in early and scammers running quick ponzis.

[Anonymous No.23114702]

>>23114388
>why crypto isn't pure speculation?
but it is

[Anonymous No.23114782]

>>23114653
>cont.

-due to a hack on the Coinmetro exchange. Right now those coins are completely, and utterly worthless. The devs are abandoning them and going for a hard fork to replace everyone's funds. In knowing this, I bought several tens of thousands of those worthless Parsiq coins, and flipped em for a quick 2x to other traders that didn't know what was going on. To them, it looked like a whale unloaded it's bags onto the market, and a genuinely solid project was at a steal of a price. Leverage. If you flip a coin, what is the probability that it lands on heads? Leverage provides you the opportunity to front 10K for a million dollar loan, at which it gains ~~0.002% interest every hour, for you to place a bet, for a 50/50 shot at escaping wage slavery.

When the new Parsiq coin contract comes out, I have funds ready in case the price looks relatively delicious. I've said too much.

tl;dr >Chainlink 81K EOY.

[Anonymous No.23114981]

>>23114653
>>23114782
shut your mouth. how are you gonna fud link, talk in circles,and mention multiple true shitcoins by name in an attempt to seem like some insider info faggot? get the fuck off my board faggot we all hate you

[Anonymous No.23115298]

>>23114388
>Im new to researching
GO BACK

[Anonymous No.23115351]

>>23114444

[Anonymous No.23115514]

>>23114588
>>Implying that paper money isn't also completely useless

I can buy a house with FIAT, not with chainlink