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2021-02-08 06:12 28105566 Anonymous Crypto (1_o4pm4QDu0cwR1XEpLdFCSw.jpg 1024x640 145kB)
Prove to me that crypto isn't just a speculative bubble. It has no intrinsic value. The reason a REAL currency has value is because a government has made it legal tender in a country - acceptable for the settlement of all debts. Also, central banks ensure that the value of a currency doesn't fluctuate too much, which gives further confidence in the currency (people want a stable value). Crypto doesn't have any of this. Which means it doesn't really have any use, besides maybe criminal transactions. So isn't crypto just a speculative bubble?

3 min later 28105940 Anonymous
>>28105566 one of it's intrinsic values is the capped supply

4 min later 28105984 Anonymous
>>28105566 Yes. Stick to Reddit for financial advice.

6 min later 28106180 Anonymous
>>28105566 >The reason a REAL currency has value is because a government has made it legal tender in a country - acceptable for the settlement of all debts. What gives a government power to decide this, that people don't have the power to decide democratically for themselves?

7 min later 28106266 Anonymous
>>28105566 Bump

7 min later 28106298 Anonymous
>>28105566 >The reason a REAL currency has value is because a government has made it legal tender in a country - acceptable for the settlement of all debts. Also, central banks ensure that the value of a currency doesn't fluctuate too much, which gives further confidence in the currency (people want a stable value). Wrong!! people give value to a currency no the government the government is not trust anymore, has screwed up so many times now, the only way for people to escape an abusive and greedy currency is by crypto

9 min later 28106490 Anonymous
>>28105566 Currency is whatever the seller and buyer agree to. In prison, its smokes.

10 min later 28106577 Anonymous (89135846.jpg 1161x647 177kB)
>>28105566 The burden of proof is on the accuser, faggot

10 min later 28106592 Anonymous
>>28105566 Black pill: Speculative bubbles last long enough that it doesn't matter that they are bubbles. Look at real estate or TSLAs valuation etc. Bagholders will be BTFO, but in any market crash even the rational investors who do research and due diligence and pick stocks with reasonable valuations will also get BTFO because everyone else fucked up Also the intrinsic value in bitcoin and most crypto is the lack of centralization. You don't need a bank to be the middle man between you and the person you want to send funds to. Doing this in a secure and global way is not easy but bitcoin can do this reasonably well. That is its intrinsic value. All the people who compare BTC to gold and talk about gold having inherent value because it can be made into jewellery or electronics are missing the point of the technology stack access that comes baked in with BTC

12 min later 28106753 Anonymous
>>28105566 If I buy btc for 30k, then sell it for 44k, it has value, because that is what people are willing to buy/sell it for it’s simple

12 min later 28106777 Anonymous
>>28105940 My toenails have a limited supply, but they don't have any value. >>28106180 Governments are democratically elected. >>28106298 The reason people have confidence in national currencies is because they're legal tender (acceptable for the settlement of all debts), and also the fact that central banks keep the value of a currency relatively stable boosts confidence in the currency.

15 min later 28107075 Anonymous
>>28105566 https://mises.org/library/subjectiv e-value-theory

16 min later 28107180 Anonymous
>>28105566 >Prove to me that crypto isn't just a speculative bubble. no dyor :)

17 min later 28107211 Anonymous
Coming in here posting the most normie take ever get the fuck out.

17 min later 28107251 Anonymous
>>28107075 Based Mises poster

19 min later 28107411 Anonymous
>>28106777 >Governments are democratically elected lol

20 min later 28107477 Anonymous (00BC7E00-9772-46E6-B907-A69D63CCACE0.jpg 480x360 20kB)
What is the point of investing in Bitcoin now. Unless you’re a retard and think it’ll go to a fucking billion per coin. Everyone’s saying it’ll go up to 100K soon. So I’ll have a x2 profit? That’s not that much. Should I treat Bitcoin more like a highly growing stock? So I should put money for “saving” into Bitcoin like I would a 401K or retirement account, since it’ll generate more money for me? And the rest of the money I make, I’m better off putting in alts for a x5 or x10 or x100 Like I put $1000 in Bitcoin now. A few years from now I might have $2000 - $5000? Whoopy freaking doo Can someone explain why I’m dumb?

20 min later 28107521 Anonymous
>>28106777 >The reason people have confidence in national currencies is because they're legal tender (acceptable for the settlement of all debts), and also the fact that central banks keep the value of a currency relatively stable boosts confidence in the currency. thats not true, just look how good is BTC doing over the years without gover help just understand this, government and banks are corrupt greedy and abusive and not trust anymore thats why crypto are pumping hard. >banks keep the value of a currency relatively stable boosts confidence in the currency. thats why we have stablecoins

22 min later 28107645 Anonymous
>>28105566 >Prove to me that crypto isn't just a speculative bubble. we don't need to prove anything to you anymore lmao. tesla just fucking bought. you're the one on the backfoot. you tell me why it doesn't have value. well? hurry up faggot, tesla is buying fast and there'll be none left

23 min later 28107751 Anonymous
>>28106777 Your toenails can be faked Your toenails can be destroyed And most importantly of all, your toenails stink like a motherfucker

23 min later 28107760 Anonymous
>>28107477 this is why i'm 70% in ETH. ETH could do a 5x-10x this cycle, and then generate me passive income from nodes later too

23 min later 28107800 Anonymous
crypto is the future but probably not in our timeline, its got a long time to go... but for now just jump on the train and make ez money

24 min later 28107836 Anonymous
proof? My Uncle works at Bitcoin and he said there is solid Gold to back up every coin.

25 min later 28107933 Anonymous
>>28107800 >crypto is the future but probably not in our timeline tesla just bought and you're saying it's not ready yet LMAO good god you people are absurdly stupid. i'm out. enjoy ur day /biz/

25 min later 28107980 Anonymous
>>28106777 >Governments are democratically elected Gave me a hearty chuckle, thanks OP

25 min later 28107989 Anonymous
>>28105566 You are retarded, don't buy crypto, its obviously above your IQ.

26 min later 28108045 Anonymous
>>28105566 >Prove to me No. Go out and do your own research

26 min later 28108086 Anonymous
>>28105566 >prove blockchain technology if you dont fully understand blockchain and its implications youre hopeless and im wasting my time typing this words

27 min later 28108093 Anonymous
Why are there so many fucking different HUNDREDS of crypto tokens? is each one just some dumb fucking zoomer with a compiler's ponzi scheme?

27 min later 28108139 Anonymous
>>28107760 Can you explain what you mean by nodes?

27 min later 28108188 Anonymous
>>28105566 Midwit detected. I don't want you to double your wealth. Stay poor.

27 min later 28108190 Anonymous
>>28105566 stay poor.

28 min later 28108234 Anonymous
>>28108093 >is each one just some dumb fucking zoomer with a compiler's ponzi scheme? Sometimes.

28 min later 28108240 Anonymous
>>28107477 >Everyone’s saying it’ll go up to 100K soon. So I’ll have a x2 profit? That’s not that much. They're saying it'll go up to 100K "soon", yes. That's just what it will reach on its way to $200K, 400K, and so on. Also, even from this morning, 100K would have been a 2.5X, not a 2X. And the 100K prediction is in six months, which is an absolutely fantastic rate of return for what has become a reasonably safe investment. >>28106777 >My toenails have a limited supply, but they don't have any value. Fluffy, is that you? Your Bimba analogy was stupid too.

28 min later 28108262 Anonymous
value is subjective. economicslets get the rope

29 min later 28108284 Anonymous (1603811645761.png 598x792 26kB)
>>28105566 >

29 min later 28108341 Anonymous
>>28105566 False the government had nothing to do with currency other then forcing us to use something. Gold was used because it was the same in China as it was in Europe

30 min later 28108358 Anonymous
>>28106777 Fuck your strawmans.

30 min later 28108366 Anonymous (8.png 512x378 158kB)
>>28105566 >central banks ensure that the value of a currency doesn't fluctuate too much

31 min later 28108528 Anonymous
>>28108366 Kek. Central banks just ensure that our currencie have less value each year, but they do it slowly so you can't see it properly.

33 min later 28108656 Anonymous
>>28108139 when you have 32 ETH you can stake them to validate transactions and receive passive income

33 min later 28108679 Anonymous
>>28107521 i just don't see why it is such an improvement if you're no longer at the mercy of governments or banks but now at the mercy of whales and chinese miners. And if you invest in stablecoins you're then again directly impacted by the central bank. Leaving it an expensive way of doing transactions

33 min later 28108711 Anonymous
>>28105566 >It has no intrinsic value. God I hate this fucking argument so much, and it's always the most retarded boomers repeating this shit so smugly. IT'S A DECENTRALIZED TRUSTLESS STORE OF VALUE AND PAYMENT NETWORK, THAT IS THE INTRINSIC VALUE OF BITCOIN >>28107477 Bitcoin is a blue chip, if you don't want to take as much risk, store your wealth there. Once you have a tidy sum you are not going to want to keep gambling it all on shitcoins

34 min later 28108751 Anonymous
>>28105566 what year is it, 2016?

35 min later 28108887 Anonymous
>>28105566 >It has no intrinsic value. shut the fuck up you stupid nigger, even the usd hasn't been backed by anything for over 50 years.

36 min later 28108926 Anonymous
fuck off statist pig

36 min later 28109002 Anonymous
>>28107933 this. The way I see it there's an entire generation of young men ready to move to this future now, and we're being held back by boomers and bankers. I'm literally going to buy a tesla with bitcoin now

37 min later 28109025 Anonymous
Holy shit OP, how old are you? How long since you've been digitally included? You speak like my grandfather.

39 min later 28109218 Anonymous
>>28108086 >blockchain technology it's not even that special anon. Bank transactions work the exact same way and are actually insured, so if you send someone money they are going to get it no matter what. If they don't get it nobody loses money. You fuck up with crypto transaction that's it, your money is gone for good. Saying blockchain is this amazing innovative technology is a flat out lie. It's not, in fact it's a completely stupid way of doing things that just costs fuck tons of money which is why there's 90 dollar fucking gas fees. Fully insured bank database vs not insured at all, retard tier blockchain Online currency is a cool idea which is why crypto was hyped to begin with, blockchain is stupid as fuck though.

39 min later 28109288 Anonymous (IMG_20210208_125153.jpg 1079x1927 162kB)
>>28105566 PFA

40 min later 28109324 Anonymous
>>28109218 >(((Fully insured bank))) Hi, I'm Government Man, I see that you have money in your Fully insured bank *clicks mouse a few times* It's mine now.

41 min later 28109434 Anonymous
>>28109218 With one you are at the mercy of the bank with the other you are the bank anyway you're a retarded fudder and you posted the same thread with the same posts alrady

41 min later 28109442 Anonymous
>>28106777 > >>28106180 (You) >Governments are democratically elected. kind of, but what's your point? that doesn't mean people can't democratically decide to do something else instead. they are doing so with bitcoin.

41 min later 28109473 Anonymous
>>28105566 another JDL thread hasn't jew got enough of bitcoin piss ?

46 min later 28109896 Anonymous
>>28109324 Yea that can be an issue for sure. If you're not a criminal or tax dodger that won't happen though. And if you are a criminal you're making all your money on criminal shit anyhow so you probably keep that hidden next to the coke jar under your bed. Crypto is awesome however the way it's designed with blockchain is retarded. Of course you get to mine and that really is a important role in it all. Still blockchain is nothing to brag about, it's highly inefficient to the point it costs some people tens of thousands per month in energy. Just stop with telling people blockchain is some amazing ground breaking thing. It isn't

46 min later 28109923 Anonymous
>>28109218 Exactly. Everyone should invest in Wirecard, the future of payment processing. They say they have over 2 billion dollars in assets in a fully insured bank database.

49 min later 28110171 Anonymous
>>28109434 If the banks and government are trying to steal your money anyway your life is over. And no, they’re not just going to be doing that to the general public, there would be mass riots and outrage. Stop pretending like the US is going to become some anarchist wasteland any time soon and the government is just going to turn on everyone like that. You de legitimize crypto when freaks like you spout this

49 min later 28110205 Anonymous
>>28105566 Life is a speculative bubble.

50 min later 28110230 Anonymous
Prove to me that USD isn't just a speculative bubble. It has no intrinsic value. The reason Bitcoin has value is because there's no government behind it. Also, unlike your central bank, max supply ensure that no extra coins can be created, which gives further confidence in the currency (people don't want new coins out of nowhere). USD doesn't have any of this. Which means it doesn't really have any use, besides maybe criminal transactions.

50 min later 28110268 Anonymous
>>28107751 kek

50 min later 28110288 Anonymous
>>28108711 If it’s such a blue chip is there any reason I shouldn’t dump all my “saving” money into it? Why should I even bother with retirement accounts, bank savings accounts, Roth IRA’s, mutual funds, etc

50 min later 28110296 Anonymous
>>28106180 >>28109442 look at this fag replying to himself and fucking it up

50 min later 28110303 Anonymous
dam poor american dumpers always cash out at this time. Income usually happen about six hours from now Don’t follow this fucking retards who tell that xrp will rise again, shit Just take part with me and my pool on poolz finance. Use your brains and get profit with nft

52 min later 28110425 Anonymous
>>28109896 >LoL i'Ts OkAy ThAt ThE GoVeRnMeNt CaN TaKe YoUr MoNeY!!!!

54 min later 28110597 Anonymous
>>28105566 >being this low IQ lol do some research before boomerposting cryptocurrency is backed by cryptography and is decentralized (eg you only need a computer to exchange value) so it bypasses the retarded banking and sec regulations which allows for free market growth. Particular cryptos may have bubbles, but crypto in general is digital dollars and it will never go away because the technology exists.

54 min later 28110609 Anonymous
>>28110171 >If the banks and government are trying to steal your money anyway your life is over. What planet are you from where the banks and governments aren't criminal organizations trying to exploit you for as much as possible? The major banks were caught laundering hundreds of billions in the last few years alone. How do the "regulators" (who are paid by the banks) respond? By enforcing KYC on African niggers trying to escape slavery by a warlord.

55 min later 28110665 Anonymous
>>28110425 just remember no matter what anyone tells you. Crypto is completely fake, it doesn't even exist in reality. It's literally just a figment of imaginations. Monopoly money is more real. Say there's an emp event, solar flare, war, or honestly countless other events that could happen. Just like that everything you had is GONE. Banks are required by law to have physical backups of every transaction and deposit. In the USA if a bank steals all your money people get their guns and make things right. If a crypto ends tomorrow that's it. You have nobody to blame but yourself so you know who to turn the gun on. I guess there is some comfort in knowing it would be that simple. There's a reason a dozen new scam coins pop up and get shilled here everyday.

55 min later 28110722 Anonymous
>>28110288 you would if you were smart

56 min later 28110770 Anonymous (unknown.png 908x285 118kB)
>>28105566 >t. jewish american

57 min later 28110829 Anonymous
>>28110665 Not reading your garbage, bootlicker. Go on, type out more paragraphs of manifesto defending the government and international banks having total control of your life.

58 min later 28110923 Anonymous
>>28105566 central banking =/= government owned

58 min later 28110948 Anonymous
>>28107521 >thats not true, just look how good is BTC doing over the years without gover help Good? You mean that it's virtually not accepted as a currency anywhere and is incredibly volatile? That's not good characteristics of a currency. The reason for it's volatility is because it is simply a tool for speculation. Crypto fags really have a nigger level IQ. >>28107933 This should be seen as a HUGE red flag. Elon has been taking part in hyping meme stocks lately and has seen the effects his tweets has on the market. Him tweeting literally increased the value of BTC by 13%. Would that happend with any FIAT currency if Elon tweeted that he was bullish on that country? No. BTC is a tool of speculation and works literally like a prymaid scheme. Crypto fags want to recruit more to increase the demand for crypto and thus increasing their wallet value. Do note that said wallets value is measured in fiat currency and net gain in fiat currency is what BTC is used to increase. It completely invalidates itself.

58 min later 28110976 Anonymous
>>28107760 lol ETH is dying. AVAX, ADA, something else will take its place. No one wants to pay ridiculous fees or wait on the incredibly bloated network to do stuff. Smart contracts are extortionate to execute too... my bet is avax

59 min later 28111103 Anonymous
>>28110288 >Why should I even bother with retirement accounts, bank savings accounts, Roth IRA’s, mutual funds, etc I don't know, why should you bother with any of those bloated instruments for extracting wealth from you? >>28110665 >emp event, solar flare, war, or honestly countless other events BTC is the most resistant asset to any of those. All those events cause buying pressure.

1 hours later 28111165 Anonymous
>>28105566 >It has no intrinsic value. nothing has that, good luck denying btc has no value. people been doing it for more then ten years and look where its at now if they just invested. retard.

1 hours later 28111390 Anonymous
>>28110829 You know you can have physical money without a bank right? You can even buy a cash card and use it online as a credit card. Here's 3 facts #1 Physical currency is always the best #2 Blockchain is the most inefficient system ever created #3 Crypto currency is faker than monopoly money Am I saying not to invest into Crypto or use it? No absolutely not. But do not be naive, it's not safe at all. My first crypto investment has already made me x5 profit, I am happy however I also understand it could be gone tomorrow and there's nothing I can possibly do about it.

1 hours later 28111401 Anonymous (1611968440586.png 2039x2893 1043kB)
>>28105566 Three: A) bitcoin is to crypto as gold is to fiat B) value is in the eye of the beholder. C) crypto is just stocks but more.

1 hours later 28111484 Anonymous
>>28105566 Read up on monetary economics. Read The Bitcoin Standard.

1 hours later 28111505 Anonymous
>>28105566 You had 4.2 billion years

1 hours later 28111528 Anonymous
>>28110288 congratulations, you figured it out

1 hours later 28111598 Anonymous
>>28111390 >bootlicker defends bootlicking >NOOO YOU CAN'T JUST HAVE SOLE CONTROL OVER YOUR PROPERTY

1 hours later 28111616 Anonymous
>>28111165 >nothing has that Love, truth, life, creation, God. >>28111390 >there's nothing I can possibly do about it. Only because you are incompetent, uninformed and stupid.

1 hours later 28112035 Anonymous
>>28111598 I don't think you actually understand how either crpyto or actual money works. Tell me. Say you own a thousand bitcoin. What is it that you actually own, do you know? If I own a thousand dollars I know I own it because it's physically in my wallet. You seem so angry anon.

1 hours later 28112161 Anonymous (093.jpg 2000x720 60kB)
>>28105566 >The reason a REAL currency has value is because a government has made it legal tender in a country - acceptable for the settlement of all debts. u mean like in Zimbabwe? >Also, central banks ensure that the value of a currency doesn't fluctuate too much, which gives further confidence in the currency (people want a stable value). Everyone was super confident in Zimbabwe's currency right? >fag talk ZIMBABWE nigga

1 hours later 28112174 Anonymous
>>28112035 >bootlicker defends bootlicking >JUST GIVE THE BANKS YOUR MONEY! JUST GIVE THE GOVERNMENT YOUR MONEY! Why are you even here, shill?

1 hours later 28112407 Anonymous
so...what is bitcoin? someone once described it to me as a bunch of computers trying to solve progressively complex math problems/find next higher prime numbers and whoever gets it first gets the whole block, but I don't actually understand what the coin is or how this process works

1 hours later 28112519 Anonymous
>>28110230 This but unironically

1 hours later 28112736 Anonymous
>>28105566 salty nocoiner cope

1 hours later 28112768 Anonymous
>>28107477 You motherfuckers have really lost all perspective in order to say shit like x2 profit is not that much. a shitty savings account gives like 2% anual returns, literally losing money as it's worse than inflation. mutual funds give.. what, 5% on an amazing year? x2 is a fucking goldmine, and all those alts giving x10 and x100 on some dudes by giving their bags to a proportiate amount of morons is just degeneracy.

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