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Anonymous Mon Nov 20 22:12:57 2017 No.4477412 [Reply] [Original]

>mfw I'm in an econ 101 class and the professor says Bitcoin is not a store of value so it's not a currency. Then he mentions the tulip bubble and says "at least you can give tulips to a girl after they're worthless, you can't do that for Bitcoin "

Congrats on this (((Jews))). Seriously.

>>	Anonymous Mon Nov 20 22:13:46 2017 No.4477422 Tulip Mania didn't actually happen

>>	Anonymous Mon Nov 20 22:14:50 2017 No.4477437 your teacher is mad smart bro

>>	Anonymous Mon Nov 20 22:15:06 2017 No.4477443 >>4477422 Yes, it did, and like op says, atleast it's tangible

>>	Anonymous Mon Nov 20 22:16:20 2017 No.4477463 File: 134 KB, 1500x844, no coiner.jpg [View same] [iqdb] [saucenao] [google] OP's teacher is a salty no coiner that didnt get in on time for the moon launch lmao

>>	Anonymous Mon Nov 20 22:16:30 2017 No.4477467 Gotta love that jewish propaganda. Can't have us using currency printed by the (((banks)))

>>	Anonymous Mon Nov 20 22:16:35 2017 No.4477470 >>4477443 feel free to sell your bitcoin for something tangible then. No one is forcing you not to sell

>>	Anonymous Mon Nov 20 22:18:21 2017 No.4477495 If your (((economics professor))) was smart he's be a cypto billionaire >unsheathes my katana

Anonymous Mon Nov 20 22:18:29 2017 No.4477499

Now our professor is talking about how Bitcoin will crash and go to zero because it's, and I quote

>It's just 1s and 0s on a computer. What if somebody copies those 1s and 0s? Like how you copy a file. Bitcoin is worthless
>the whole class laughs. I see some people nodding and agreeing with our professor

>>	Anonymous Mon Nov 20 22:19:12 2017 No.4477510 >>4477499 thank god we still have time to /makeit/ then

Anonymous Mon Nov 20 22:19:27 2017 No.4477513

>>4477443
Tulip mania happened, but it was mostly contained within the scope of dutch horticulture enthusiasts. It's true that the valuation of tulips went off the deep end within this rarefied environment, and eventually crashed, but the majority of dutch normalfags didn't really involve themselves in it. It's sort of equivalent to the valuation of that Wutang album martin Shkreli was holding hostage. Ridiculous, but not really involving the public at large.

>>	Anonymous Mon Nov 20 22:20:14 2017 No.4477523 File: 278 KB, 1200x900, C_OgFp5XcAA7zF2.jpg [View same] [iqdb] [saucenao] [google] >>4477499 normies can keep laughing their way into poverty while we get to chuckle in the front lot of Lambo land

>>	Anonymous Mon Nov 20 22:20:50 2017 No.4477531 >>4477513 source? (((they))) would have you think the tulip bubble affected everyone and their mother

>>	Anonymous Mon Nov 20 22:21:08 2017 No.4477537 >>4477499 Why don't you call him out? I hate it when professors act like pompous know-it-alls In other news I've been doing quite well copy-pasting bitcoins all day

>>	Anonymous Mon Nov 20 22:21:21 2017 No.4477541 >>4477499 >>4477510 Indeed. The longer normalfags think it's all a scam, the longer I have to accumulate before shit really gets moving.

>>	Anonymous Mon Nov 20 22:21:54 2017 No.4477545 >>4477499 this makes me happy. the bubble is far from popping.

>>	Anonymous Mon Nov 20 22:22:30 2017 No.4477554 >>4477531 https://www.smithsonianmag.com/history/there-never-was-real-tulip-fever-180964915/

>>	Anonymous Mon Nov 20 22:22:34 2017 No.4477555 >>4477537 It's a class of 150 people because it's an intro class lmao. What am I supposed to do, shout at him /biz/ memes? Maybe I'll raise my hand and call him out on his bullshit

>>	Anonymous Mon Nov 20 22:22:35 2017 No.4477556 >>4477412 >economics professor Yeah well my fucking witchdoctor who cast a curse on my enemies for me accepts Litecoin as payment so I'll trust him

>>	Anonymous Mon Nov 20 22:23:20 2017 No.4477569 >>4477499 Shit man, I've been manually typing the 1s and 0s. I guess that's why he's the professor.

>>	Anonymous Mon Nov 20 22:23:31 2017 No.4477574 >>4477537 >own 1 BTC >ctrl+c, Ctrl+v 1000 times >instant millionaire dang it feels good to be a crypsta

>>	Anonymous Mon Nov 20 22:23:51 2017 No.4477580 File: 232 KB, 960x640, debt_bubbles.jpg [View same] [iqdb] [saucenao] [google] >>4477412 >professor says Bitcoin is not a store of value store of value = stable value =/= exploding in "value" chaotically

>>	Anonymous Mon Nov 20 22:24:22 2017 No.4477586 >>4477499 >>4477510 Yes, this is good news. Thank your prof for helping to keep the majority misinformed while we the early adopters accumulate longer.

Anonymous Mon Nov 20 22:25:01 2017 No.4477593

>>4477554
if you take the proportion of people involved in tulips back then compared to the public, that ratio is probably something akin to the amount of people in crypto.
7 billion people on earth, market cap is low in the sense that only a tiny fraction of all people are in crypto

by the same logic it all leads to a collapse

>>	Anonymous Mon Nov 20 22:25:29 2017 No.4477601 Ok I'm going to raise my hand and ask him a question. What should I ask him?

Anonymous Mon Nov 20 22:27:03 2017 No.4477622

How did the tulip bubble work? Did you trade 50 pounds of tulip petals for a car while the recipient of the tulips would then be left with bags of dried descintigrating tulips? When you try to buy something from ebay did you ship the tulip petals through fedex for $50 while the other guy ships the item to you? I can think of many reasons why tulip petals are a crappier system than a digital currency.

Anonymous Mon Nov 20 22:28:12 2017 No.4477636

>>4477593
well, y'know. Crypto essentially enables an environment of digital scarcity, where ctrl+c+v is not possible, allowing real decentralized digital money to exist in the same way that cash exists in meatspace. It's cash that can be moved across the globe in an instant with next-to-zero tx fees. That's revolutionary. Meanwhile, tulips are fucking flowers.

Anyone equating bitcoin with tulipmania likely has a negative IQ.

>>	Anonymous Mon Nov 20 22:29:28 2017 No.4477656 I'm guessing this is the same kind of boomer moron who doesn't understand how valuable a couple snippets of software code can be

>>	Anonymous Mon Nov 20 22:32:18 2017 No.4477706 >>4477636 Is Bitcoin not backed by cash? You get a cash value for each bitcoin on a min by min basis. So in a way, without cash there is no Bitcoin.

Anonymous Mon Nov 20 22:32:27 2017 No.4477712

>>4477656
I'm gonna ask this stupid fuck "Isn't Bitcoin different from tulips because Bitcoin has a known limited quantity, you can send and receive Bitcoin to several exact decimal places without the need for a third party (e.g. bank), and it can be sent within a few hours?"

Let's see what this boomer says

Anonymous Mon Nov 20 22:32:30 2017 No.4477713

>>4477636
Their equating the phenomenon of quickly rising asset prices. The asset at question is irrelevant, now we laugh at tulip bulbs, they laughed at south sea company stock certificates, they laughed at Japanese real estate and stocks in 1988, they laughed at dot Com stocks in 99, and they were revolutionary. It has nothing to do with the asset. Years from now we'll be laughing, during the bubble it's too real

Anonymous Mon Nov 20 22:39:51 2017 No.4477848

Ok I just asked this boomer professor and he said

>"Let me guess, you put your student loan money in Bitcoin and expect to become a millionaire in a year right?"
>whole class laughs
>"Anyway, as I was saying..."

mfw my professor never answers my question. Fucking boomers

>>	Anonymous Mon Nov 20 22:43:59 2017 No.4477920 >>4477713 actually we'll be laughing at you

>>	Anonymous Mon Nov 20 22:46:51 2017 No.4477980 >>4477706 It isn't tied to any specific currency. The value is generated by supply and demand, the conversion to USD is just that - a conversion. It can convert to anything of value.

>>	Anonymous Mon Nov 20 22:49:03 2017 No.4478019 >>4477574 This is what I actually did. Billionaire reporting in

>>	Anonymous Mon Nov 20 22:49:13 2017 No.4478023 >>4477848 Roasted :P

Anonymous Mon Nov 20 22:49:54 2017 No.4478035

>>4477713

Trying to call a bubble is just asking to miss out on gains

Once upon a time the graph showed $100 to $750 and people were pissing their pants about that graph peak. Now they are pissing about $1000 to $8000. But all it is is compounding value. It could easily sky to $100,000 before the "big crash" happens and it tumbles to $50k, but then you still would have made a profit, right? And it would still recover with time.

Trying to call a top and a bottom in investment is inane. Set your risk tolerance and time frame, put your money in, and forget about it. The fearful are always the losers.

>>	Anonymous Mon Nov 20 22:49:58 2017 No.4478036 >>4477848 HAHAHAHAHAHHA fucking rip

Anonymous Mon Nov 20 22:55:30 2017 No.4478145

>>4477713
The thing with Bitcoin is that how do you laugh if it actually becomes a global accepted currency which is already happening. Look at the third world shitholes in an disruptive environment that view BTC as literal gold.

I mean it might have extreme highs and lows but when the dust settles it will be worth a lot.

>>	Anonymous Mon Nov 20 23:11:09 2017 No.4478461 File: 73 KB, 241x228, wut.png [View same] [iqdb] [saucenao] [google] >>4477499 Your Prof is actually accumulating dumbass

>>	Anonymous Mon Nov 20 23:14:17 2017 No.4478512 >>4477601 Ask him why he hasn't jsut copy pasted bitcoins if it's that easy.

>>	Anonymous Mon Nov 20 23:15:15 2017 No.4478531 >>4478461 Woke

>>	Anonymous Mon Nov 20 23:16:13 2017 No.4478545 >>4477499 so many fucking (((educated))) fucktards out there actually believe that bitcoin balances are all stored in some server somewhere

>>	Anonymous Mon Nov 20 23:17:16 2017 No.4478562 >>4477555 >raise hand slowly while he's mid-sentence >'y..yes? do you have a question?' >'JUST' >entire class lmaos and you get laid by a 10/10 econ hottie

>>	Anonymous Mon Nov 20 23:17:48 2017 No.4478573 >>4477499 When someone does this in public I make a point of openly laughing loudly, mocking them, and making them feel stupid before asking "did you read the whitepaper?" it feels so good

Anonymous Mon Nov 20 23:21:22 2017 No.4478635

>>4477537
You underestimate the power of group think. His professor has absolute authority and has enraptured his classroom. All of them are, at the least, subconsciously siding with whatever he believes in. If OP speaks out he would only embarrass himself no matter how valid and sound his arguments are.

>>	Anonymous Mon Nov 20 23:55:01 2017 No.4479207 >>4477470 you can buy gold with it..

>>	Anonymous Tue Nov 21 00:12:17 2017 No.4479449 >>4477412 You're economics professor either doesn't understand the technology or doesn't understand economics. For your sake, lets hope it's the first.

>>	Anonymous Tue Nov 21 00:13:49 2017 No.4479475 >>4478635 Not if any of them have a brain and he explains how the blockchain works.

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