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/biz/ - Business & Finance

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26553772 No.26553772 [Reply] [Original]

Discuss

>> No.26553863

>>26553772
If people are willing to buy it, then it has value.

>> No.26553926
File: 113 KB, 1080x1080, yellen-lol.jpg [View same] [iqdb] [saucenao] [google]
26553926

>>26553772
https://topratedfirms.com/brokers/customer/europacificcapital-review.aspx
;)

>> No.26554180

We all know this.
It's just a get rich quick scheme and no one gives a single shit about it's fundamentals.
It's a massive worldwide casino.
Doesn't mean you can't make a bank though.

>> No.26554243

>>26553772
It's true but but things being true is not the only part of the game of economics, you must also somehow manage to determine the significance of people not knowing or caring about truth.

>> No.26555041

>>26553772
Everyone knows its a scam. But scams make people rich all the time. Just make sure your the scammer not the scam-e. If you think your shitcoins are going to be some revolution, you're the scam-e.

>> No.26555126

nothing has any value retard
except art

>> No.26555388

>>26553772
It's a collector's token that can be transferred instantly from one part of the world to another; recorded on a ledger that tracks all transactions and nearly impossible to hack. I wouldn't say it's a safe store of value given the volatility and possible future gov banning of crypto, but it can be used to store value given the empirical evidence.

If people sell baseball cards for thousands of dollars, which has no reason use for anyone other than to admire the collection. Why can't a bit in a computer that's limited in supply be as well?

His "intrinsic value" belief is wrong, no such thing as intrinsic value. It's whatever the market demands.

>> No.26555526

>>26553772
Pic related defines "value" as whatever is convenient for him at any given time, depending on what arguments he's defending, allowing him to state that "gold has value, bitcon has no value".

/thread

>> No.26555695

>>26555041
Nocoiner detected

>> No.26555699

>>26553863
No they just think it does until it doesn’t go as they think

>> No.26555708

>>26553772
bitcoin has the same "value" as the invention of writing had "value" to ancient marketplaces. Just a technological innovation which facilitates trade.
Writing--propagate information on trades through time, make contract enforcement feasible, facilitate large business through accounting & inventories
BTC--make contract enforcement obsolete by removing all need for trust from either party from the transaction; ultimate effect: make markets able to scale even larger, by rendering merchants and customers fungible (no need to ever meet or personally know anything about the person with whom you are trading)

>> No.26556152

Niggers. Discuss.

>> No.26556359

>>26555388
the intrinsic value is the consensus mechanism

>> No.26556482

>>26553772
this fag was almost unbanked in 2020 and forced to use the very thing he trashes daily
his luck is that only popular fucked him in the ass

>> No.26556523

>>26553772
number go up

>> No.26556632
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26556632

>>26553772
BTC's explicit value is far outstripped by its implicit value as a speculative asset. It's a platonic form of wealth storage compared to gold as it cannot be hyperinflated by an authoritative body like the fed but it can't be used in other applications like electronics, jewelry and others. Really XMR and newer shitcoins like ADA and NANO will fill the void after the craze ends.

>> No.26556973

>>26553772
once I make it I will convert it to gold...
till I make it I believe Bitcoin has a vales.

t BTC holder

>> No.26557112

>>26553772
Believe it or not, flower shops still exist today and people still go and buy tulips.

>> No.26557192

>>26555699
yes thing has value until people decide it doesnt wow

>> No.26557223

>>26555126
unless you live in the forest, then everything has value.

>> No.26557231

>>26553772
Imagine if he simply took bitcoin for gold when he first said this?

>> No.26557860

>>26553772
hes right, invest in crypto not bitcoin.

>> No.26558518

>>26553772
The value in it is, can you sell the nothingness you own to another fool?

>> No.26558586
File: 31 KB, 676x676, 1609083494155.jpg [View same] [iqdb] [saucenao] [google]
26558586

>>26555126
based and aestheticpilled

>> No.26558661

FUCK BOOMERCOIN

>> No.26558781

The ability to trade currency without a government or bank intermediary is invaluable.
Literally the most important leap forward in commerce since we abandoned the barter system

>> No.26558940

>>26556973
If you do this you're retarded. You don't deserve to make it.

>> No.26559056

>>26553772
I met that guy at a ron paul event. Pretty cool dude.

>> No.26559148

>>26553772
Peter Schiff accepts bitcoin for gold on his own website lol