4chan archive /biz/ (index)
similar threads
2021-02-07 04:43 27967712 Anonymous (Screen Shot 2021-02-06 at 10.22.32 PM.png 1020x412 80kB)
Anyone who says Crypto is a hedge against a crash is full of shit
19 min later 27968846 Anonymous
>>27967712
Does anyone actually think that? What circumstances could make people want to get their money out of the stock market but not crypto?
20 min later 27968895 Anonymous
>>27968846
now that's it's been proven false by flash crashes and covid? no. people were shilling it about bitcoin, but not anymore.
22 min later 27968993 Anonymous
Gold market cap is 10 trillion
BTC market cap is 950 billion
BTC is going to 2x Gold market cap by the end of this decade and 10x in the 2030s
22 min later 27969055 Anonymous
>>27967712
Upside divergence
Do you really care about march now that the price is 10x the lows?
23 min later 27969081 Anonymous
>>27967712
Weak bitch
25 min later 27969179 Anonymous
>>27968993
gold has a completely different use case
why would you compare it to gold
as a store of value bitcoin never sold itself as such but i guess if that's what you're using it for then maybe it makes sense
25 min later 27969197 Anonymous
>>27967712
I'm kind of realizing there really isn't a 'hedge against a crash'. There's no such thing really. When the economy shits, there's no safe harbor.
But the economy is CHANGING more than it's crashing. And that's what I'm hedging against.
36 min later 27969875 Anonymous
>>27969197
Well said
41 min later 27970167 Anonymous
>>27968993
With Gold you're investing in a tangible underlying asset. There is absolutely nothing underlying the value of Bitcoin other than the fact someone else will pay for your digital widget.
42 min later 27970241 Anonymous
>>27967712
lol retard they're going to take it to $100000 but you still going to be a broke bitch who lives with his parents
47 min later 27970560 Anonymous
>>27967712
Didn't we learn this last year in March? Crypto crashed even harder than boomer stocks, it is many things but store of value it is not
47 min later 27970562 Anonymous
>>27970167
>gold is a tangible underlying asset
that has no function outside of valuation
>b-but muh random manufacturing use that is irrelevant to people actually buying gold
all it takes is one meteor with a chunk of gold in it and the price of gold goes to nothing
47 min later 27970569 Anonymous
>>27969197
Owning most of your house is probably the best.
1 hours later 27971586 Anonymous (A4BF1908-D4E8-4B05-8A3F-3D9C45AD1ECE.jpg 2013x676 172kB)
>>27969179
>nocoiner seething
dude stop debating a losing battle. Gold is at $2000 USD per 1 oz. 1 bitcoin is at $38000 USD
usdebtclock.org
getblockcard.com
1 hours later 27971632 Anonymous
>>27970562
if an meteor with enough gold on it to effect the price of gold hit earth, we would have bigger problems like being dead.
1 hours later 27971886 Anonymous
>>27968993
Everything will go much faster than that. The future gets priced in quick.
>>27970167
Gold has an unlimited supply, as long as they keep digging, and you pay jewish markup fees. When you sell it, you pay the jewish low-ball price.
BTC will slow down minting of new coins. Since its the first network, someone will always want it. You can buy and sell it for low fees.
1 hours later 27972162 Anonymous
>>27971632
midwit take
1 hours later 27972287 Anonymous
>>27967712
It is a hedge against compounding inflation though.
1 hours later 27972300 Anonymous
>>27970562
>that has no function outside of valuation
Gold has no function? Are you sure about that because I'm 100% certain there are things you own that use gold as part of their functional components. Gold is an extremely useful resource with unique properties that make it desirable for a huge number of manufacturing purposes. You can't say the same about Bitcoin.
1 hours later 27972397 Anonymous
>>27968993
Pure delusion lmao
1 hours later 27972467 Anonymous
>>27967712
it's a hedge against inflation, not a crash
it's an asset
and I'm referring to BTC no shitcoins
1 hours later 27972470 Anonymous
>>27972300
>the minute uses gold has in manufacturing is in any way pinned to the speculative value of gold
l
o
l
1 hours later 27972491 Anonymous
>>27972300
About half of gold's current price is purely due to speculation
1 hours later 27972524 Anonymous
>>27972491
100% of Bitcoins price is due to speculation
1 hours later 27972616 Anonymous
>>27970167
Holy shit, Peter I didn’t know you lurked on biz
1 hours later 27972619 Anonymous
>>27970562
>that has no function outside of valuation
u fucking wot m8
1 hours later 27972704 Anonymous
>>27972300
Gold's industrial use values it at a much lower price-point than the speculative use value. Bitcoin is just pure money, such a refined postmodern essence of money that some dense people can't see the resemblance.
1 hours later 27972720 Anonymous
>>27967712
crypto is a part of the 4th industrial revolution, the play is to mask the introduction of communism 2.0 (destruction of civil rights) as necessary in battling climate change. What is actually happening is the creation of a hedge against the petrodollar crashing, the new workforce and privatized industry will focus on controlling the new oil, renewable energy (including fusion). The only sector that the east has neglected, new forms of easier to manage and maintain weaponry will continue to give the us the upper hand to enforce it's agenda on the world stage.
1 hours later 27972798 Anonymous
>>27972470
Nobody is arguing that an asset can't be overvalued, look at Tesla shares. The point is that Bitcoin has zero actual value. It doesn't do anything. There are no future cash inflows, it doesn't entitle you to any underlying asset.
1 hours later 27972868 Anonymous
>>27967712
I think Crypto could function in a similar way that gold and silver can, where in the event of a currency crash, or the country getting occupied and a change in currency type,
if you stored your value in some sort of crypto or precious metal, you can then cash out.
1 hours later 27972878 Anonymous
How am I supposed to get into crypto right now knowing it’s going to crash hard this year
I’m a relative newfag, put in an initial investment of $2500 and was gonna put in $300 twice a month to DCA but the more I read about 2017 the more retarded that seems to me
I feel like there’s no point in doing this until a crash comes
Am I wrong? I feel very unsure of myself.
I have no desire to swing or bet 10x on memecoins like the mcdonalds shit.
1 hours later 27972912 Anonymous
>>27972470
not an audiophile
1 hours later 27972922 Anonymous
>>27972704
Except Bitcoin is also worthless as a currency. Who wants to pay for things with a currency that is so volatile? You pay for a burger and the next day you've shelled out the equivalent of $100USD for it. Or you accept payment for a house and suddenly the bitcoins you received can't even buy a Chevy.
1 hours later 27972941 Anonymous
>>27970167
This turbo brainlet just discovered what a market is
1 hours later 27972964 Anonymous
>>27972878
Keep listening to the non-coiner fuds and you will end up poor and seething just like them.
1 hours later 27973009 Anonymous
>>27972878
good luck trying to time the bottom on a crash. its not as easy at it sounds, do you think back in march of 2020 when the market shit itself all the rational people such as yourself were able to hold when it kept dipping lower and lower? Catching a falling knife is shitty, just be careful.
1 hours later 27973058 Anonymous
>>27972941
Hey people can pay for PDFs to be transferred to their PC if they want and think they're buying an "asset". It's dumb though.
1 hours later 27973112 Anonymous
>>27972720
Unironically take your meds
1 hours later 27973202 Anonymous
>>27970167
There actually is, but you never read the first thing satoshi wrote about bitcoin
It's called Byzantine fault tolerance
1 hours later 27973239 Anonymous (78645136453135.jpg 596x699 160kB)
>>27972720
>crypto is a part of the 4th industrial revolution
Started reading there.
>the play is to mask the introduction of communism 2.0
Stopped reading here.
1 hours later 27973277 Anonymous
>>27972524
No, it 100% comes from Byzantine fault tolerance
1 hours later 27973306 Anonymous
>>27973112
it's just a theory, but it's the only thing that makes sense to me right now. You'll vote to save the planet but what you're actually doing is voting for your enslavement which will be used to insure you keep getting the latest iphone. It's kinda cool except for the you'll own nothing, eat bugs and like it part.
1 hours later 27973317 Anonymous
>>27971632
Kek
1 hours later 27973477 Anonymous
>>27972964
But I haven’t I already spent my poorfag monthly paycheck on my initial crypto investment (25% PRQ 25% BTC 25% link 25% hope for moonshots) and am looking to set up recurring payments
>>27973009
Man I can’t imagine what it was like back in March much less 2017. Now I have skin in the game though, and hope to make just ~$10k by EOY so I can afford the last chunk of a down payment on a house, so since I have a concrete goal I hope I don’t completely fall for the mania phase and get blinded by greed. Just hope I was right about PRQ’s future and it does indeed do a lil somethin somethin once it hits major exchanges.
1 hours later 27973489 Anonymous
>>27968993
The only thing I think gold is better than BTC in in secure your money, you can lose your BTC in a more easy way than gold
1 hours later 27973507 Anonymous (32138945687946.jpg 671x1004 195kB)
>>27970167
Your fucking gold will be taken away the moment the state decides to.
BTC is impossible to take away.
If they shut down the internet, the whole world economy collapses and I will still be able to have either a paper wallet or hardware wallet to keep it safe or even my own brainwallet memorizing the key.
Gold makes you in fact vulnerable, you cant easily transport it during a crisis, this is the epitome of a bagholder.
1 hours later 27973514 Anonymous
>>27973239
Stakeholder capitalism is essentially privatization like postwar japan but they've essentially admitted they'll take it further than that.
1 hours later 27973577 Anonymous
>>27972798
That is also true of USD
1 hours later 27973651 Anonymous
stop using crypto and bitcoin interchangeably in an argument. invest in crypto not bitcoin, bitcoins a shitcoin
1 hours later 27973735 Anonymous
>>27973058
>>27972922
>>27972798
>>27972524
>>27972300
>>27970167
>>27968846
ATTENTION
>ATTENTION
ATTENTION
>ATTENTION
FAGGOT IS DODGING THE SUBJECT OF BYZANTINE FAULT TOLERANCE
HE CAN NOT TALK ABOUT IT BECAUSE IT DESTROYS HIS ARGUMENT
1 hours later 27973802 Anonymous
>>27973735
We know, it's always the same with these boomer rock investors.
1 hours later 27973807 Anonymous
>>27973507
Good luck convincing someone to trade their bread for your bitcoin if the world economy collapses.
>No you can't do anything with it but you might be able to convince another sucker to buy it off you for more!
1 hours later 27973820 Anonymous
>>27973735
what can you expect from a pm brainlet
1 hours later 27973824 Anonymous
After the crash down, The plan is to unleash the truth about inflation and what the real numbers are and how now that everyone is in cash your all doomed. This will cause everyone who got out to get back in causing a crash UP of asset prices but before that happens.... 40% capital gains tax implemented. so all those fuckin trillion dolla gains the gov takes half.
1 hours later 27973830 Anonymous
>>27973507
Or they just ban it exactly like gold? Look at Nigeria, one day the second largest retail market for crypto next to the fucking USA, and now gone. If you think governments will just release control to neets and their magic internet coins you're crazy
1 hours later 27973847 Anonymous
>>27972922
It is in it's beginning stages and will stabilize at around $500k per coin a decade from now. It's a store of value anyway. You don't pay for things with gold, do you?
1 hours later 27973905 Anonymous
>>27973807
Good luck trading your can of beans at the grocery store when shit goes back to normal lol
1 hours later 27973970 Anonymous
>>27967712
Btc is objectively a hedge against fiat. Look up the charts. They are inversely correlated
1 hours later 27973994 Anonymous
>>27972798
>It doesn't do anything
It disconnects me from the banks, and the supply/value is not controlled by the government. That is it's function.
1 hours later 27974086 Anonymous (max1.jpg 1200x1200 156kB)
>>27973058
>>27972922
>>27972798
>>27972524
>>27972300
>>27970167
>>27968846
Hi, Peter. How are you doing?
1 hours later 27974123 Anonymous
>>27972798
It has utility and is scarce. Which means it has value. For almost all of gold's history as money, it didn't have any practical use. That's not what makes a money useful.
1 hours later 27974146 Umar Nadeem
Yo yo! I think you guys should check out any old defi projects that have rounding charts and hyped up news launching soon. Check out that curving chart on $drc (Dracula protocol) for example! Their v2 launches soon. This rounded chart indicates hype is incoming.
For example, look at the 6 month chart for SNX. It starts crazy high, runs very low and then ramps up with their L2 launch goes live. That’s what you’re looking for on these bottomed out defi projects! Hype news that just might send it from 1 mil mcap to 100 mil!!!
1 hours later 27974279 Anonymous
>>27972704
bro what, you think economies are supposed to work like they dont like a price of what they have to pay? thats what the price is based off supply and demand for resources that have alternative uses, if gold had one less use the price would be lower. bitcoin isnt money because its not a medium of exchange, its not durable it gets lost, its not divisible, a bitcoin isnt less than 1 those are just satoshis, its not easy to transport because of fees and the burden of risking losing it, and its not fungible because its not monero
1 hours later 27974282 Anonymous
>>27973807
ATTENTION
>ATTENTION
ATTENTION
>ATTENTION
BOOMER IS DODGING THE SUBJECT OF BYZANTINE FAULT TOLERANCE
BOOMER IS DODGING THE SUBJECT OF BYZANTINE FAULT TOLERANCE
1 hours later 27974298 Anonymous
AS THE DOLLAR CONTINUES TO LOSE MOMENTUM
1 hours later 27974306 raymond
I saw a Dracula Protocol tik tok ad… is it legit? They really offer 15% apy… some of their things offer 51% apy?! That’s crazy! But what’s an LP token? I think I might just buy it and deposit it for 15%. That’s way more than my bank pays… I think the ticker is $drc
1 hours later 27974334 Anonymous
>>27968993
its not a store of value its a preference of wealth
1 hours later 27974356 Anonymous
>>27974146
If anyone is curious, bots/Pajeets have been posting with the name field filled out lately. I'm guessing it's their first time on 4chan. Pay attention and you'll notice a lot of shills with randomly generated names.
1 hours later 27974358 Anonymous
>>27973830
>If you think governments will just release control to neets and their magic internet coins you're crazy
It already did, the gov can't do shit anymore, BTC is an official accepted payment method in the EU, the FED tried to ban it, nothing came out of it.
It's a 1 trillion market already, even institutions are getting into now.
>https://news.bitcoin.com/blackrock -bitcoin-futures/
Nigeria can ban what they want, in reality the people still hold crypto and will be able to trade it for other crypto and buy stuff with it.
What will happen is exactly what happened in China, a black market for crypto, even a worse situation for the state.
The essence is, boomer rocks will be taken away, my crypto stays with me.
1 hours later 27974480 Anonymous (1611954229073.png 591x472 138kB)
GME is the only hedge against a crash
1 hours later 27974638 Anonymous (1583753154735.png 591x285 34kB)
1 hours later 27974764 Anonymous
Run $DRC bro! Dracula has v2 launching soon. All this money floating around, a successful launch of some non-fork/cloned stuff is all you need to 2x. Then we just have to hope it’s something revolutionary (their first code set was pretty dope desu. Underappreciated). If it’s something halfway decent, this should go to 20 mil mcap. That’s an 18x from here or so.
2 hours later 27974886 Anonymous
Tbh
2 hours later 27975006 Anonymous
>>27973507
what are you talking about you should have learnt as children you are not safe on the internet, your possessions arent safe on the internet. there are infact two things you can bury, gold and digital wallets
2 hours later 27975070 Anonymous
>>27968846
What circumstances?
Increasing inflation which increases inflation uncertainty and hurts businesses with variable cost structure. Funny variable cost structure businesses are the largest weight in the U.S. stock market (tech & con services + amazon) and have benefited from falling marginal input costs. An inflationary environment favors businesses whose revenues rise with inflation but costs were incurred in the last and do not rise with inflation. This describes many energy and natural resources companies which are a very small % of U.S. stock market cap but are the best performing sector in 2021.
Very few people understand these differences and will simply see stocks going down as nominal prices rise and they will seek out store of value assets in an inflationary environment.
2 hours later 27975105 Anonymous
>>27975006
>your possessions arent safe on the internet.
Did you respond to the right person?
I literally said I keep it in a hardware wallet, it's offline.
2 hours later 27975151 Anonymous
>>27975105
public ledger
2 hours later 27975263 Anonymous
>>27973830
YOU CAN NOT BAN A BYZANTINE FAULT TOLERANT SYSTEM, IT IS IMPOSSIBLE
YOU CAN NOT BAN A BYZANTINE FAULT TOLERANT SYSTEM, IT IS IMPOSSIBLE
2 hours later 27975277 Anonymous
>>27973507
Agree so long as
1. It's on private wallet not somewhere like coinbase which could be required to turn over all crypto to the Fed
2. Govt does not know you have it. Otherwise GG
2 hours later 27975369 Anonymous
>>27975151
THE KEYS ARE OFFLINE
2 hours later 27975438 Anonymous
>>27975151
You really don't understand right?
This >>27975369
1.386 0.146