So you're thinking about investing in bitcoin? Don't

[Anonymous No.6491300]

https://www.theguardian.com/technology/2018/jan/15/should-i-invest-bitcoin-dont-mr-money-moustache
>I’ve been watching this bitcoin situation for a few years, assuming it would just blow over.

>But a collective insanity has sprouted around the new field of “cryptocurrencies”, causing an irrational gold rush worldwide. It has gotten to the point where a large number of financial stories – and questions in my inbox – ask whether or not to “invest” in BitCoin.

>Let’s start with the answer: no. You should not invest in Bitcoin.

>The reason why is that it’s not an investment; just as gold, tulip bulbs, Beanie Babies, and rare baseball cards are also not investments.

>These are all things that people have bought in the past, driving them to absurd prices, not because they did anything useful or produced money or had social value, but solely because people thought they could sell them on to someone else for more money in the future.

>When you make this kind of purchase – which you should never do – you are speculating. This is not a useful activity. You’re playing a psychological, win-lose battle against other humans with money as the sole objective. Even if you win money through dumb luck, you have lost time and energy, which means you have lost.

wtf I hate crypto now?

[Anonymous No.6491388]

>>6491300
The kike media is retarded at best and maliciously deceptive at worst.

That said, Shitcoin™ is going to crash hard. I got out of the markets days ago and I told all you retards to do the same. Soon the bear flag will activate and I'll be laughing even harder.

[Anonymous No.6491424]

literally sounds like a mad nocoiner

[Anonymous No.6491570]

>if you make easy money
>you lose
>if you kys
>you win

[Anonymous No.6491577]

>>6491300
Swap out bitcoin for trx is this article and it becomes a good read.

[Anonymous No.6491589]

>>6491300

>even if you win money you have lost

The cognitive dissonance is fucking real.

[Anonymous No.6491605]

>>6491300

Did baseball cards, beanie babies, and your mom's worthless pussy have world changing tech behind it? Fuck off

[Anonymous No.6491647]

>>6491300
He makes a great point. We could have solved all the worlds hunger problems if we would have directed all our silly crypto monies to feeding the poor shitholers

[Anonymous No.6491648]

>>6491300
>Even if you win money through dumb luck, you have lost time and energy, which means you have lost.
brb gonna quit my job

[Anonymous No.6491687]

>>6491589
If you kill the terrorists, they have won!

[Anonymous No.6491692]

>>6491300
>just as gold
massive retardation here
gold is used for building computers and other stuff

[Anonymous No.6491711]

>>6491570
t. Just'din Trudeau

[Anonymous No.6491745]

>>6491300
>theguardian
To the trash it goes

[Anonymous No.6491746]

>>6491300
>Even if you win money through dumb luck, you have lost time and energy, which means you have lost.
how is wageslaving any better you kike nigger

[Anonymous No.6491780]

>>6491300
>why are all these goys making a fortune doing nothing? I need more wageslaves!

[Anonymous No.6491803]

Good, the more msm fud the better

[Anonymous No.6491812]

>>6491746
Because it's honorable to get paid peanuts writing shit articles

[Anonymous No.6491825]

This is common sense for anyone who isn't retarded.

[Anonymous No.6491835]

>People who think that there’s even a tiny chance bitcoin could become a world currency say it is severely undervalued.

>You could make the same argument about my fingernail clippings: they may have no intrinsic value, but they’re in limited supply so let’s use them as the new world currency.

wow very smart sold all my holdings

[Anonymous No.6491839]

>>6491300
I can buy porn, drugs, and goods on Overstock.com with Bitcoin. How is that not valuable? Stupid shits.

[Anonymous No.6491867]

>citing literal fake news about Korea that's been denied multiple times by government
fuck off, seriously

[Anonymous No.6491868]

>>6491300
I love this. I hate normies getting into crypto.

[Anonymous No.6491938]

>>6491868
Wrong, I want normies to get in at ATH, mortgaging their homes and taking out large loans, only for them to panic sell during a routine fud and lose it all.

[Anonymous No.6491948]

>>6491388
>Soon the bear flag will activate
There is still missing a leg up for the bear flag to be confirmed, Else we look at a pennant, which also misses a smaller leg up. So short term UP, midterm, 50% down, 25% sideway, 25% way up o 25K and beyond

[Anonymous No.6492050]

>>6491577
lol

[Anonymous No.6492085]

>>6491577

[Anonymous No.6492101]

>>6491300
>playing a psychological win lose battle against other humans
the guardian

[Anonymous No.6492191]

I thought people only went onto the guardian to laugh at the retarded comment section. You're telling me people actually read the articles there?

[Anonymous No.6492291]

he's right tho

crypto isn't a long term investment, this is a pump n dump speculation ring and 99% of crypto are going to be worth nothing and maybe one will stand out as a new form of internet transaction...but don't expect it to retain the value it has now

[Anonymous No.6492341]

>>6491300
Money mustache is just a salty no coiner. In general I like what the goy has to say and he is and interesting story but he really missed the mark here. This is basically “I missed the boat - the article”

[Anonymous No.6492553]

>>6492341
MMM is the boomer mindset in gen X. He was born in Canada, got to enjoy free college and a booming IT market in the US before it was invaded by pajeets, made his money and now thinks everyone can follow the same path in 2017, full survivorship bias style.

[Anonymous No.6492592]

>>6491300

I put in 800 about 5 weeks ago. It was worth nearly 4500$ a few days ago, of wich i cached 2500$. Reinvested the remaining 2000$.

Literally easiest money ive ever made. I hate how these "journalist" faggots keep normal people from making some money.

I will donate 10% of my next cachout to a white nationalist cause, just to get back at these media faggots. Promise.

[Anonymous No.6492737]

It's hilarious how pissed people are because NEETs are getting rich with crypto.
Of course though, some brainwashed millenials will but into these articles and roll their eyes at anyone who invested.

[Anonymous No.6492743]

>>6492553
The fact that he runs an early retirement blog and doesn’t appreciate the possibilty to turn 20k into 1mm is fucking daft. Total wagecuck mentality. The only thing he excels at is self imposed poverty

[Anonymous No.6492749]

>>6491300
This is a good article for liberals. Liberals should not invest in crypto, yet. Its better that they stay poor as long as possible until I have accumulated enough then they can pump my bags.

Liberals, like this article will see the cryptomarket as Bitcoin and avoid the whole thing. This is good. When Bitcoin dies, they will think, yes, it was tulip mania, then later when Ether hits 30k and McDonalds accepts REQ cards, then, they can buy crypto.

[Anonymous No.6492849]

>>6492592
>>6492743
MSM telling people not to investin crypto is a bullish sign. The market has done hte exactoppositeof the MSM for months.

[Anonymous No.6492879]

>>6491388
>>6491388
You got out at 13k, you are a serious retard,

[Anonymous No.6492888]

Me cucky cuckstache the salty nocoiner wants his readers to stay poor so they'll keep lapping up his shitty advice

[Anonymous No.6492915]

Spam this shit so BTC goes down and I can buy more of it up

[Anonymous No.6492978]

>>6491300
>gold is not an investment
Literally what? Gold is the most stable fucking investment their is. Only reason it looks like it fluctuates is because your're usually comparing it to the US dollar which fluctuates like mad.

Who the fuck gives these people money to spew bullshit. I could do that job for half the price.

[Anonymous No.6492997]

discord gg/3fW7bzr

[Anonymous No.6493036]

>>6492915
Thats good, someone has to hold the bags of a deadcoin.

[Anonymous No.6493093]

you think you are hot shit dontcha?

[Anonymous No.6493133]

>>6492592
This, these fuckers cannot stand ordinary people becoming rich. They're just going to have to deal with it.
Also, nice job turning your 800 into 4500.

[Anonymous No.6493159]

>>6491300
>Even if you win money through dumb luck, you have lost time and energy, which means you have lost.

[Anonymous No.6493327]

>>6491300
>Even if you win money through dumb luck, you have lost time and energy, which means you have lost.


Oh my fucking god this is retarded.

[Anonymous No.6493418]

>>6491300

also never mind the fees and the NEVER MENTIONED TAXES ... the latter which is avoidable in theory and a headache in practice

[Anonymous No.6493448]

>Even if you win money through dumb luck, you have lost time and energy, which means you have lost.

[Anonymous No.6493557]

>>6491300
>The reason why is that it’s not an investment; just as gold
>Even if you win money through dumb luck, you have lost time and energy, which means you have lost.
What the actual fuck. It should be illegal to reach these levels of absolute state.

[Anonymous No.6493569]

>>6491300
Isn;t the Guardian getting monies through BAT? They need to make their mind up

[Anonymous No.6493623]

>>6492879
This.
>getting out at ATL
>anything but retarded

[Anonymous No.6493629]

>>6491647
>supporting the uncontrolled breeding of the rat population

No thanks

[Anonymous No.6493634]

>>6491388
>I told all you retards to do the same.
Yes Anonymous poster, I definitely remember your post.
Seriously why the fuck does everyone on /biz/ think anyone will remember them?

[Anonymous No.6493661]

>>6491589
Yeah no shit. "But you've lost time and energy."
Well isn't our entire existence just choosing how to spend our time and energy? If my time and energy is spent making fuck loads of money then great, that's how I want to spend my time and energy.
The lack of logic is astounding. The worst part is when BTC inevitably goes under $10k and takes alts with it, fucks like this will be shouting "we told you so" as loud as they can.

[Anonymous No.6493720]

>>6491388
>i bought at 19k and sold at 12.5k i told all you retards to be like me

[Anonymous No.6493748]

>theguardian

[Anonymous No.6493814]

Read the whole article. Its originally from Mr. Money Mustache which is a site I used to follow when I was wage cucking early on saving money for financial independence, before my crypto retirement.

I used to have a lot of respect for that guy but that article is just terrible. A bunch of false equivalences and he obviously doesn't understand how bitcoin works or where the value comes from.

People like this are going to get absolutely fucked when crypto takes over.

[Anonymous No.6493928]

MMM bought into Rippletits and started shilling Starting Strength so it's clear he doesn't like mad gains in any area of his life.

[Anonymous No.6493951]

>>6491300
>Even if you win money through dumb luck, you have lost time and energy, which means you have lost.
LMAO

[Anonymous No.6494669]

>you have lost time and energy
>energy
Yeah, i surely have lost a lot of energy clicking 3 buttons.

[Anonymous No.6494808]

>>6494669

Yeah It wasn't worth making more in crypto than MMM's entire net worth in less than 2 years. Too much effort.

[Anonymous No.6494867]

>>6491300
>gold
>worthless

Dropped right fucking there and the rest of you should've done the same.

[Anonymous No.6494973]

>>6491300
>Even if you win money through dumb luck, you have lost time and energy, which means you have lost.
Am I mistaken or is this leftist rag making a case against work itself?

[Anonymous No.6495055]

>>6493557
You could be a complete normalfag and take literally 30 minutes to invest 1k into anything that isn't a shitcoin and see a guaranteed return by 2018's end. You don't even have to be autistic and look at charts. You could just ignore everything and carry on

[Anonymous No.6495070]

>>6491300
I other news of the same "issue":
>What women always knew: Men are really the weaker sex
>DRUUUUUUMMMMPPPPHHHHHHHRRRRGGHHH
Not even making this up, they are an idiotic SJW rag on the level of Buzzfeed.

[Anonymous No.6495125]

>>6491300
>mfw assblasted nocoin boomers

[Anonymous No.6495595]

>>6491300
This article is ignoring that blockchain is a revolutionary technology that changes the way humans participate in economic exchanges. Only stupid normies will believe this shit because they dont understand what the fuck blockchain even is.

[Anonymous No.6495893]

>>6491300
Thank Kek for making the target audience of the guardian poorer.

[Anonymous No.6496186]

>>6494867
gold isn't an investment, it's a placeholder for your portfolio when it looks like the economy is about to go sideways. you "invest" in gold so you don't lose money when trump tweets that monsanto is secretly run by chinajews and your biotech investments plummet. you don't make money with gold, you preserve it. track the value of gold and adjust for inflation. if stuffing your mattress with your hard earned dollaronies is an "investment" then so's gold, but it isn't, so it aint.

bitcoins are different. they:

(i.) aren't an investment because they don't "do" anything (ie. they don't affect anything but the price of bitcoins, unlike stocks whereby you've invested in a company's value, holdings, future, etc). you buy stocks and a company, ostensibly, profits from your investment, as you will (dividends etc); their value is not arbitrary.

(ii.) are bitcoins are artificially generated scarcity rather than naturally generated scarcity (math dictates the scarcity of bitcoins, whereas geochemistry dictates the scarcity of gold), making them fundamentally different types of commodities

(iii.) but because of (ii.) bitcoins are also volatile seeing as they aren't a "thing"—a bunch of dudes invented bitcoins and decided they're worth [x] dollarydoos because they're scarce, cementing this by trading them at [x]. but what does that mean? I could make anoncoin by copying bitcoin's technology exactly, but they'd be worthless (dogecoin). not because my anoncoin is not scarce (heck you could make it more scarce if you wanted) but because I'm obviously a con artist parasitizing the movement. everyone points, says "look at the con artist", but the difference between the coiners and the nocoiners is this: The Coiners say "this demonstrates how important cryptos [re: my cryptos] are the value of the technology," the Nocoiners say "this emphasizes how arbitrary bitcoin's valuation is and it's a mystery why they have a value > 0.00 buckeriños."

[Anonymous No.6496224]

>Imagine that someone had found a cure for cancer and posted the step-by-step instructions on how to make it online, freely available for anyone to use.

>Now imagine that the same person also created a product called Cancer-Pill using their own instructions, trade marked it, and started selling it to the highest bidders.

>I think we can all agree a cure for cancer is immensely valuable to society (blockchain may or may not be, we still have to see), however, how much is a Cancer-Pill worth?

>Our banker goes on to explain that the first Cancer-Pill (bitcoin) might initially see some great sales. Prices would rise, especially if supply was limited (just as an artificial supply limit is built into the bitcoin algorithm).

>But since the formula is open and free, other companies quickly come out with their own cancer pills. Cancer-Away, CancerBgone, CancEthereum, and any other number of competitors would spring up. Anybody can make a pill, and it costs only a few cents per dose.


find me one thing wrong with this

[Anonymous No.6496344]

>>6496186
Calm down MMM. We know you are angry about losing the train but stop chastising us poor rich NEETs with your walls of salty text.

[Anonymous No.6496345]

>>6496224
its over

[Anonymous No.6496362]

>>6496186

That's just stupid semantics. Of course gold is an investment. An investment is just something you put money or effort into in hopes of greater return down the line. Its idiotic to say Bitcoin or gold is not an investment. You may think its a bad investment, but why waste your time trying to redefine a word?

[Anonymous No.6496439]

>>6491300

lol you're stupid to think the train has stopped. More people have not yet gotten scammed u idiot. Those cucks at the guardian are too pussy to gamble their money so they just make pathetic articles like this in order to garner support for their own deluded self-rejection of crypto

[Anonymous No.6496549]

Rhetoric used by people without a fucking clue.
BTC may be almost useless but it is a fast way to send moeny compared to traditional means. and its decentralized.

Plenty of good Crypto coming along which are more like investments in good technology with use-cases now. jsut show how slow mainstream media are on the uptake.

[Anonymous No.6496643]

>>6496549
it literally says that in the article, that blockchain might be good technology but bitcoin is worthless because anyone can just copy the code and make a new coin and transfer your money just as easy

[Anonymous No.6496644]

>>6496224
original cancer pill is the one people would trust if it was proved that it works

[Anonymous No.6496649]

>>6496549
Not really, I bet the higher ups of those manipulative fucks are probably buying now.

[Anonymous No.6496741]

>>6496644
so in the same way they would also trust all other cheaper cancer pills once its proven they work also?

[Anonymous No.6496808]

>>6496186
>bitcoins aren't an investment because they don't "do" anything
Nice made-up definition of investment you've got there dude. For me an investment is a delicious soup. Bitcoins aren't delicious soup, so they aren't an investment.

[Anonymous No.6496852]

>>6496643
>make a new coin and transfer your money just as easy
How are you going to transfer money if, in your expert opinion, these coins have no value? I'm a bit rusty on math, but how exactly a gazillion coins worth zero each is going to let you transfer value? Also, why are facebook shares worth anything? People can start using this alternative platform called dickwadbook too, right?

[Anonymous No.6496861]

>>6496549

Haha how new are you? Almost certain bitcoin will have its time again soon.

[Anonymous No.6496909]

>>6496852
by locking its price to fiat you dummy

[Anonymous No.6497023]

>>6493814
To be fair he's not wrong about Bitcoin.
Coins like Ethereum, NEO, RLC are the ones who will maintain their value because they provide a service on a decentralized network.

Store of value is a meme
However, service backed currency is not

[Anonymous No.6497125]

>>6491300
they are right, bitcoin is dying. buy ETH.

[Anonymous No.6497224]

>>6496909
>locking its price to fiat
Ever heard of the basic economic concepts of offer and demand? Or are you too underaged for that?

[Anonymous No.6497228]

>>6491300
fucker's a commie

there's nothing wrong with new money being created

i bet he believes in the broken window theory

[Anonymous No.6497276]

>>6497224
>what is tether
stop embarrassing yourself m8

[Anonymous No.6497343]

>>6497125
It will be probably be dying in the long run, but we will se some more ups, since BitCoin is the best known and if normies get into the market they probably buy BitCoin first.

[Anonymous No.6497384]

>>6491300
>Even if you win money
>you have lost time and energy
fuck off maybe?

[Anonymous No.6497428]

>>6497276
>what is tether
A centralized coin which defeats the purpose of decentralization and basically with the same vulnerabilities as a traditional bank. Except when they are hacked they have to make a hard fork which is a lot more messy.
Thanks for bringing it up. Are you betting against yourself or something?

[Anonymous No.6497542]

>>6491300
>>These are all things that people have bought in the past, driving them to absurd prices, not because they did anything useful or produced money or had social value, but solely because people thought they could sell them on to someone else for more money in the future.
>
>>When you make this kind of purchase – which you should never do – you are speculating.
This is true, the rest is retarded nonsense

[Anonymous No.6497560]

>>6496741
Not necessarily. Do you go for cheap wine cause it gets you drunk too?

[Anonymous No.6497599]

>>6497428
no business wants to use a volatile decentralized currency for trade. If you actually had even the slightness knowledge of economics you would know that

[Anonymous No.6497850]

>>6493159
>>6493327
Yea I lose 8 hours of time and energy at work every day. I’m basically bi losing according to this guy.

[Anonymous No.6497859]

>>6497599
>business accepts a tether payment
>tries to cash it out

[Anonymous No.6497887]

>>6497599
Then why you think tether, or crypto in general has any value? You realize that the only way you can actually redeem those tethers without relying on the market (assuming the company actually worked as advertised instead of their factual very suspious mode operation) is via a bank transfer from tether.inc's bank account to yours? Wouldn't that make tether redundant for commertial use?

I'm just pointing out the contradiction in your own posture. How can you believe the blockchain is useful in itself and deny precisely everything it makes it useful?
Oh, and cute self-portraits you posted there
>>6496909
>>6497276
>>6497599

[Anonymous No.6497959]

>>6497887
>>6497859
you don't need tether specifically to trade you fucking dumbasses.

Each bank can create its own "tether" by converting their money with blockchain technology.

You don't need a special coin to transfer moneym you only need the technology which everyone has access to

[Anonymous No.6497982]

>>6496224
You need a dominant network to make a cryptocurrency secure brainlet.

Hardfork BTC to BTCshitcoindiamond and have if a group with juice behind it decides to attack shitcoin network they could succeed whereas you can't do that to BTC/ETH/BCH.
Some of you are straight up retarded.
Here comes the inevitable rebuttal that makes less sense than your original criticism.

[Anonymous No.6498060]

>>6491577
huehuehuehueh

[Anonymous No.6498129]

>>6497959
You just don't get tired of getting owned. I'm starting to think you have a secret fetish to be publicly proven retarded on anonymous imageboards. Ok, I'll indulge you one last time because I'm a softie.
>Each bank can create its own "tether"
Sure, as they have created their own respective dollars each one.

[Anonymous No.6498201]

>The reason why is that it’s not an investment; just as gold, tulip bulbs, Beanie Babies, and rare baseball cards are also not investments.

the author lumps gold with beanie baies..

WTF?

[Anonymous No.6498385]

>>6498129
why are brainlets always so delusional?

you keep repeating some memes and you somehow think you made an argument.
Banks can transfer your fiat with blockchain technology and it will reduces their fees, and those will be actual real money because they will be locked on fiat.

Nobody needs your shitty btc money that somehow worth 15k each with no actual market. Nobody wants to put their money into the "cloud" with no one to control them, people want security that only a corporation or a government can offer

I suggest you learn some actual economics and not basing your worldview on satoshis diary

[Anonymous No.6498545]

>>6498385
>people want security that only a corporation or a government can offer

When did boomer retards invade this board?

[Anonymous No.6498593]

>>6498545
>muh decentralized commie utopian new paradigm without evil banks!
back to rebbit friendo

[Anonymous No.6498633]

>6498385
>gets debunked
>doesn't acknowledge it and repeats the same points
>no u!
The absolute state of nocoiners. You better keep your money in your dragon dildo stocks. Judging by your degree of butthurt those are going to skyrocket as the rest of the normies reach your state.

[Anonymous No.6498708]

>>6498633
>muh skyrocketing

if you had even the slightest knowledge of economics you would know that a currency is only good if its stable. and investment is good only if it rises up

so what is bitcoin? an investment or a currency? can't be a currency if it skyrockets and dumps all the time and it can't be an investment if it stays table all the time