Crypto

[Anonymous No.28105566]

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?

[Anonymous No.28105940]

>>28105566
one of it's intrinsic values is the capped supply

[Anonymous No.28105984]

>>28105566
Yes. Stick to Reddit for financial advice.

[Anonymous No.28106180]

>>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?

[Anonymous No.28106266]

>>28105566
Bump

[Anonymous No.28106298]

>>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

[Anonymous No.28106490]

>>28105566
Currency is whatever the seller and buyer agree to. In prison, its smokes.

[Anonymous No.28106577]

>>28105566
The burden of proof is on the accuser, faggot

[Anonymous No.28106592]

>>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

[Anonymous No.28106753]

>>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

[Anonymous No.28106777]

>>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.

[Anonymous No.28106895]

already debunked, come up with something original at least, retarded redditor

https://youtu.be/0_zgAbp1gMM

saged

[Anonymous No.28107075]

>>28105566
https://mises.org/library/subjective-value-theory

[Anonymous No.28107180]

>>28105566
>Prove to me that crypto isn't just a speculative bubble.
no dyor :)

[Anonymous No.28107211]

Coming in here posting the most normie take ever get the fuck out.

[Anonymous No.28107251]

>>28107075
Based Mises poster

[Anonymous No.28107411]

>>28106777
>Governments are democratically elected
lol

[Anonymous No.28107477]

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?

[Anonymous No.28107521]

>>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

[Anonymous No.28107645]

>>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

[Anonymous No.28107751]

>>28106777
Your toenails can be faked
Your toenails can be destroyed
And most importantly of all, your toenails stink like a motherfucker

[Anonymous No.28107760]

>>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

[Anonymous No.28107800]

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

[Anonymous No.28107836]

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

[Anonymous No.28107933]

>>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/

[Anonymous No.28107980]

>>28106777
>Governments are democratically elected
Gave me a hearty chuckle, thanks OP

[Anonymous No.28107989]

>>28105566
You are retarded, don't buy crypto, its obviously above your IQ.

[Anonymous No.28108045]

>>28105566
>Prove to me
No. Go out and do your own research

[Anonymous No.28108086]

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

[Anonymous No.28108093]

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?

[Anonymous No.28108139]

>>28107760
Can you explain what you mean by nodes?

[Anonymous No.28108188]

>>28105566
Midwit detected.

I don't want you to double your wealth. Stay poor.

[Anonymous No.28108190]

>>28105566
stay poor.

[Anonymous No.28108234]

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

[Anonymous No.28108240]

>>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.

[Anonymous No.28108262]

value is subjective. economicslets get the rope

[Anonymous No.28108284]

>>28105566
>

[Anonymous No.28108341]

>>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

[Anonymous No.28108358]

>>28106777
Fuck your strawmans.

[Anonymous No.28108366]

>>28105566
>central banks ensure that the value of a currency doesn't fluctuate too much

[Anonymous No.28108528]

>>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.

[Anonymous No.28108656]

>>28108139
when you have 32 ETH you can stake them to validate transactions and receive passive income

[Anonymous No.28108679]

>>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

[Anonymous No.28108711]

>>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

[Anonymous No.28108751]

>>28105566
what year is it, 2016?

[Anonymous No.28108887]

>>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.

[Anonymous No.28108926]

fuck off statist pig

[Anonymous No.28109002]

>>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

[Anonymous No.28109025]

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

[Anonymous No.28109218]

>>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.

[Anonymous No.28109288]

>>28105566
PFA

[Anonymous No.28109324]

>>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.

[Anonymous No.28109434]

>>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

[Anonymous No.28109442]

>>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.

[Anonymous No.28109473]

>>28105566
another JDL thread
hasn't jew got enough of bitcoin piss ?

[Anonymous No.28109896]

>>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

[Anonymous No.28109923]

>>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.

[Anonymous No.28110171]

>>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

[Anonymous No.28110205]

>>28105566
Life is a speculative bubble.

[Anonymous No.28110230]

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.

[Anonymous No.28110268]

>>28107751
kek

[Anonymous No.28110288]

>>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

[Anonymous No.28110296]

>>28106180
>>28109442
look at this fag replying to himself and fucking it up

[Anonymous No.28110303]

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

[Anonymous No.28110425]

>>28109896
>LoL i'Ts OkAy ThAt ThE GoVeRnMeNt CaN TaKe YoUr MoNeY!!!!

[Anonymous No.28110597]

>>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.

[Anonymous No.28110609]

>>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.

[Anonymous No.28110665]

>>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.

[Anonymous No.28110722]

>>28110288
you would if you were smart

[Anonymous No.28110770]

>>28105566
>t. jewish american

[Anonymous No.28110829]

>>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.

[Anonymous No.28110923]

>>28105566
central banking =/= government owned

[Anonymous No.28110948]

>>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.

[Anonymous No.28110976]

>>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

[Anonymous No.28111103]

>>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.

[Anonymous No.28111165]

>>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.

[Anonymous No.28111390]

>>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.

[Anonymous No.28111401]

>>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.

[Anonymous No.28111484]

>>28105566
Read up on monetary economics.
Read The Bitcoin Standard.

[Anonymous No.28111505]

>>28105566
You had 4.2 billion years

[Anonymous No.28111528]

>>28110288
congratulations, you figured it out

[Anonymous No.28111598]

>>28111390
>bootlicker defends bootlicking
>NOOO YOU CAN'T JUST HAVE SOLE CONTROL OVER YOUR PROPERTY

[Anonymous No.28111616]

>>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.

[Anonymous No.28112035]

>>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.

[Anonymous No.28112161]

>>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

[Anonymous No.28112174]

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

[Anonymous No.28112407]

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

[Anonymous No.28112519]

>>28110230
This but unironically

[Anonymous No.28112736]

>>28105566
salty nocoiner cope

[Anonymous No.28112768]

>>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.