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/biz/ - Business & Finance

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4792686 No.4792686 [Reply] [Original]

The premises of Bitcoin is to purchase it in the hope that some sucker will buy it off you at a higher price, and the only reason that they are buying it off you is in the hope that they can sell it for a higher price to which they bought it.

How is this sustainable?

>> No.4792701

It just works

>> No.4792711

because there is a demand for drugs, idiot

>> No.4792788

>>4792711
Bitcoin isn't that good for drugs. It's highly traceable.

>> No.4792793

>>4792686
>how is the whole financial market sustainable

butthurt nocoiner detected

>> No.4792879

>>4792686
Not really. We live in a digital environment. Bitcoins are just the first digital asset that isn't niche and can be used as an intermediary of exchange for both digital and physical assets or services worldwide autonomously.

Its a logical conclusion from the start of Information Age. In 20 years looking back on blockchains will seem obvious, like looking back on the internet.

>> No.4792889

Reminds me of this song

>> No.4792905

>>4792788
Not if you mix dummy

>> No.4792934

Forgot link https://youtu.be/KYHLar--tac

>> No.4793119
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4793119

>>4792701
>It just works
kekd

bump

>> No.4793135

>>4792788
drug money is nothing. Paradise papers money is coming

>> No.4793197
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4793197

Um sweetie do you have similar issues with stocks and gold?

>> No.4793268

>The premises of Bitcoin is to purchase it in the hope that some sucker will buy it off you at a higher price

But that's wrong you simpleton.

I'm holding btc till the day I die, it's my retirement. (around 50% of my NW)

>> No.4793552

>>4792686
you can literally buy porn with it

some girls on reddit sitting on massive bags of cash since they started accepting bitcoins as early as 2014. 20-50$ per video when bitcoin was @ 200 per coin you do the fucking math.
I expect they hodled it because cashing out is so fucking complex, apparently 99% of biztards dont know how

>> No.4794363

>>4793552
>I expect they hodled it because cashing out is so fucking complex, apparently 99% of biztards dont know how
That's a meme by the sam hyde community.
They're one of those places that can only be ironic/nonchalant so when they missed out by being filthy nocoiners, they had to pretend they weren't being justed and that it's all a scam.

>> No.4794380

Because we all think it has the possibility to go up an indefinite amount

>> No.4794425

>>4793197
>>4792879
These.

>>4792788
If you're an idiot and don't use a bitcoin tumblr, sure.

>>4793552
>cashing out is so fucking complex, apparently 99% of biztards dont know how

I think you've confused cashing out regular bitcoin with cashing out from hacked bank accounts.

>> No.4794433
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4794433

>>4792686
the premise of fiat is that some fucker will still believe it has value after you have traded it to them for waifu pillows

>> No.4794481

>>4793197
while there is speculation in stocks its also about value investing

you're right about gold, although it historically has been able to hold its value quite well

>> No.4794673

>>4794481

Gold peaked in 1981 you retard

>> No.4794698

>>4792686
but thats land as well.

>> No.4794740
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4794740

>How is this sustainable?

>> No.4794845

>>4794740
what do you think will happen if th US dollar colapses, how would it affect Bitcoin and the other coins, or will people so severely damaged that they will only trade for fod and gold

>> No.4794869

>>4792788
You buy XMR with BTC. (And all other altcoins)

>> No.4794909

>>4794845

This, BTC is a bubble, but a global, unrestricted bubble that will easily dwarf the height of the US stock bubble.

I am thinking $20 trillion for BTC alone, so 100k is still pennies.

>> No.4794947

it's computers we don't have to explain shit

>> No.4794975

>>4792686
Isn't that the same with stocks? They don't all pay dividends - or if they do, it's always pretty paltry. That system's been doing alright for a century.

>> No.4795029

>>4794433
lmao