https://arxiv.org/pdf/2106.14204

I hope so

>>510133178 (OP)
Cool. Let me know when it stops going to all time highs. Fucking retard. Go back to Israel and gas yourself, (you) dirty kike

>>510133307
retard

no cap it'd be kino if satoshi nakamoto were glowies who created BTC to soak up all that excess liquidity in the financial system to rug pull everyone at once. That's my head canon. Gotta put the noveau riche cryptobros back into their place

>just buy more bags
kek

>>510133178 (OP)

I hope so

jeets and jews will see this chart and get excited

>>510133178 (OP)
I can't wait for the rugpull

>get btfo on /biz/
>come cry on /pol/
nocoiners are pathetic

>>510133178 (OP)
It's mathematically impossible for bitcoin to go to zero.

>>510133440
Show the graph going to today's price

>>510133178 (OP)
>68k no coiners you missed the boat
>how can it fucking drop to 15k like that
retards
retards everywhere

>>510133178 (OP)
>Bitcoin, Jews, and White Fragility
its all so tiresome

>>510133570
all the moves on bitcoin are insanely massive which makes me suspicious. You'll see like a 4 percent increase in literally an hour. It makes it seem really sussy and market manipulation almost like FED injections in the market that supposedly "dont happen."

My theory is Tether is behind closed doors printing tethers to buy BC to back itself up in HUGE billion dollar buys here and there then slowly sell off for real currency. They will keep doing this since there is NO fucking oversight over stable coins or at least the oversight is pro crypto and easily bribed

>>510133178 (OP)

>>510133178 (OP)
yeah, this was from 2021 and look what happened. In my investing journey I've noticed one glaring thing. If the banks are pushing something and it's mentioned in media and such, do the opposite. They are just trying to reel in people for a rug pull, or make them sell because they're expecting big gains.
It's worked every time.
I have some gold and when it was just under 3000/oz, my bank advisor calls me up out of the blue and tells me "gold is pretty high, have you thought about selling it?" He's never called about suggesting something so specific before and I know it's likely because the bank was telling him to do it. If they want to buy my gold back, I know there's a reason. It went up right after that and has been steadily 300-400 something highers since then, more than 10% gain. I did not sell it.
I just decided to see if this article is indeed part of the big bank's fuckery and oh wouldn't you know it? This article came out July 3 2021, look what happened right after they scared people into selling them their bitcoin?

>>510133809
mathematically it could go negative but obviously no one is going to pay to get rid of bitcoin if there are no buyers at $0.01 or $0.00.

>>510133178 (OP)
>Taleb: "Bitcoin needs belief, so it's worth zero."
>Also Taleb: "Gold has belief, so it’s worth something."

>>510133178 (OP)
How many more weeks?

>>510133892
that graph is yesterday when it was at 119,000 usd you nigger

>>510134306
it goes negative if you cant sell it to pay off your taxes from bitcoin transactions

>>510134110
All price movements consolidations or cash outs. There is no new interest, and power stations are using miners as a grid-buffer.
Their mining costs are negative.

>>510134261
did you fire the kike?

>>510133178 (OP)

People actually pay to learn what should be common sense to anyone that isn't brainwashed by liberal colleges and the mainstream media lol

>>510133178 (OP)
Aye, but so are the rest of all speculative investments.

And while houses have a higher innate value than bitcoin they also have much more physical risks and maintenace requirements.

>>510134501
He's not jewish. and no. would you kick out the poker player who is showing you his tells?

>>510133178 (OP)
Well I made around 7k today between BtC and XRP. Keep me updated.

>>510135925
you cashed out?
do you have any holdings left?
whats your current cost basis?

>>510133178 (OP)
>https://arxiv.org/pdf/2106.14204

This "article" is retarded lmao. No one is investing in Bitcoin as a "currency" and their reasoning for why it fails as a store of value is heuristic and riddled with strawmen arguments.

You've had 16 years. Cope more KEK.

>>510133440
Just because the transaction count is going down does not mean that large holders aren't moving the coin.. in fact it's the largest holders that are trading the fucking thing. They're what's keeping it afloat. The volatility is good to them as it's good to everyone that has money to trade with. It's a basic fucking principle that everybody that trades understands..

>>510136289
Is Kash Patel?

Bitcoin and other coins are just another conversion table for dollars. And when you start seeing them as that, you will understand that they're not going away. That is to say until a real problem occurs within multiple stable economies.

>>510136588
cope. large holders are gonna do otc transactions to avoid moving the market

>>510133440
>>510134261
>>510133570


>sub 100 iq male's performing male version of astrology

Both JP Morgan and black rock are both holding large amounts of Bitcoin as are other banks. Bitcoin is here to stay as long as it's being propped up by them

>>510133178 (OP)
I ain't reading all that shit, number go up

Can any experienced traders here give me no bullshit advice on how to day trade volatility?

>>510136705
I think I've answered this. Banks are buying Bitcoin and holding Bitcoin.

>>510136803
I'm trying to.

>>510136669
>Is Kash Patel?

Is he retarded? Yes. Are you retarded for bringing him up as if absolutely anything he does for or against Bitcoin has even the slightest to do with the underlying fundamentals of it?

Yes.

>tfw /pol/ trannies are as dumb as r/buttcoiners

>>510135261
Holy shit look at this retard

the nocoiner and the lib have the same mindset
totally sure they were right, refusal to admit they were not
the wish of doom upon those who are better than them in every imaginable way

>>510133178 (OP)
> BTC bad thread
Guess I should buy more

>>510133178 (OP)
>Bitcoin is going to zero
Yea probably, but as of now people are going into it thinking it's a hedge against inflation. Without the dollar's constant devaluation I don't really see where it fits in. It doesn't earn revenue or have earnings like a regular company. And it lacks the one thing that really matters.
The Test of time.

>>510137004
Let me have retarded fun

I'm an ETF trader. I recommend everybody that has a hundred or $200 buy ripple coins on a stable market trading platform like Robin hood. Robinhood is not my only choice but I think it's my best mainstream choice. Buy xrp and hold it. Because when that shit goes up you will thank me.

>>510137082
We're already pretty late into this Crypto cycle. It's going to end by the end of this year so I don't know if that's a good idea...it'll rally, then crash, then rally again during the next cycle. That's probably a better time instead of HODLING for the next 4 years to break even.

>>510136813
its a shame people cant handle a decade of hard times. forcing banks and billys to swallow the crytpo bag would go a long way toward fixing the money, but it would be rough for regular folk until things settle out.

>>510137004
The dollar is a floating, non-convertible currency. They can inflate and deflate it whenever they want -- spend more or tax more.

>>510137042
thats a fair stance and i support your choice of vice.
personally i abuse online casino promos to make a few hundred bucks a month

>>510137187
There is no reason for things to be rough for regular folks. Why do you fucking idiots keep saying shit like this?

>>510137203
Well this is true it's also readable and you can play it like a poker game

Go look at the return on ETF. Zim

>>510133178 (OP)
>nassim taleb
Into the garbage

>>510136739
Kek.

>>510133178 (OP)
Nah. As much as i like that it won't happen, i admit it i lose, sidelined and so on, will try to be happy being poor.

>>510137004
>Without the dollar's constant devaluation I don't really see where it fits in.

This just in, if the USD exists as a reserve currency there's no utility in store's of value. Never mind USD being a hegemony of shit with $37T in debt attached to it, propped up by a money printer of which an orange retard has put a gun to the operator's head with dollar index down 10% since January and a fucked bond market.


>It doesn't earn revenue or have earnings like a regular company.
>Literally doesn't understand the difference between a commodity and a security but feels justified to post.
Thanks for your meaningful contribution.

>And it lacks the one thing that really matters. The Test of time.
That's quite literally what makes investing as a whole speculative and not guaranteed. lol. lmao even

Let me guess your the same type of retard that thinks the S&P500 will continue to grow 7% on a per annual basis following the heat death of the universe because "MuH tEsT oF tImE".

>>510137403
Most 35 and unders have attended a college and they're not making it. They don't know how to make money. They don't know how to save. They don't know how to trade. They're just like my dad in 1980 who had no idea about money..

>>510136739
that pic holy fucking shit my sides

>>510137730
Wow you typed all of that lol?
It's reliant on a constantly depreciating dollar.
That's all. Nothing less, nothing more. The more you look into it the more lost you get. There is beauty in simplicity, and there's also the fact that yes, there is a motive by Trump's admin to further weaken the US dollar, if so then that's good for BTC and speculative assets.
That's all there is, that's all there ever is.

>>510137340
How do I get into this brother?

>>510137730
Actually I will correct myself, it's reliant on Global money supply rising, and as of now it is skyrocketing. So yes, there is a safe haven flow into BTC because it's advertised as a safe haven. But all it takes is some event like another banking crisis, Geo-political event, Yen Carry trade unwinde and BTC is the first thing that sells off and the sell offs are brutal. It's more like a thermometer for how much excess liquidity is in the system, max returns for max risk.

>>510137403
bank of america has 200k employees. if they get fucked by crypto and there isnt a bailout, a lot of people are going to lose their jobs; 1 in 5 or more. it takes time to recover from that without govt spending

>>510133178 (OP)
it doesnt take a genius to realize that bitcoin is worth absolutely nothing.

>>510137793
We're at a point of technological sophistication where prices should constantly be falling due to production efficiencies. They aren't because we have so much parasitic drag from the rentier class.

>>510138332
Would we actually have any fewer real resources if Bank of America, or Bitcoin, went away? No. So why would more government spending matter? There's no actual product being created by banks.

>>510137936
>It's reliant on a constantly depreciating dollar.
>thinks all stores of value rely on a constantly depreciating US dollar as opposed to the potential for future depreciation/instability.

Wow this must have been hard to swallow for every human in history that used gold/any store of value before the US dollar existed. If only they understood they would have no societal value until some green paper in the future came to fruition.

Let me translate the rest for the others who are above 70 iq and aren't savants in interpreting retard

>That's all. Nothing less, nothing more
>"because"

>The more you look into it the more lost you get.
>"I'm retarded and if I try to read about it or conceptualize the economic function/role of store's of value/hard assets my brain hurts"

>there is a motive by Trump's admin to further weaken the US dollar, if so then that's good for BTC and speculative assets
>Some how he subconsciously acknowledges the utility of Bitcoin as a store of value after framing his argument against it. Impressively retarded

>>510133178 (OP)
>Bitcoin is going to
Never stops being volatile
Never possible to go to zero

>>510133178 (OP)
Nice try, jew

>>510133495
Yeah I'm so tired of the meme economy, which is all 90 IQ normalnigs thinking that labor is to be looked down upon, and that everyone is a sigma grindset streamer who is gonna make it by investing in whatever hecking doggerino meme coin elon shills next. I can't take this society seriously until onlyfans/streamers are homeless or working min wage.

No coiners can’t accept that the Keynesian economics taught in every university is pseudoscience. They’re doomed to a life of poverty and misery, all because they can’t admit they’re wrong.

>>510139015
>fiat is worthless
>btc (value measured in worthless fiat) is better than fiat!

Yeah

>>510133178 (OP)
Buy the dip

>>510133178 (OP)
> Bitcoin is going to zero
The United States is the largest known state holder of bitcoin in the world.
Bitcoin will eventually be used as a reserve to back the US dollar. There are plans to increase the size of the reserve by offering tax free land swaps to large institutional holders of Bitcoin. The near term projected price is $700k.

https://en.wikipedia.org/wiki/Strategic_bitcoin_reserve_(United_States)

>>510139167
“Fiat” is a psyop. The dollar is still, and will always be, a paper proxy for gold. Every other sovereign currency is a derivative of the dollar. Nothing has ever acquired value by fiat, only supply and demand determine value. Simple as.

>>510133178 (OP)
it takes one law to bring this crypto circus down lmao this is an allowed, controlled experiment where governments are testing the future introduction of their own digital currencies, which will make surveillance and control much easier, but they know the greed of man goes beyond foresight, so they allow the crypto bros to circus around for a while, make a living and they'll reward them for an experiment that will doom their offspring

>>510138009
sign up for as many apps as you can. they work like freemium games, youll get lots of free money and boosts for signing up and doing simple things early on. play as conservatively as possible, these offers will mostly dry up. if you have friends there are referral bonuses too.
1st goal is to get all your deposit money out so you only work with winnings and never lose. after that its all math puzzles.
use sports boosts for arbitage and any casino promo worth 5% will be profitable if you understand the math.

>>510139379
Governments can only ban themselves from using bitcoin, which is retarded.

>>510134400
I said today not yestersay

>>510139303
Fake theater to pull all the idiots into one giant rugpull

>>510139574
>rugpull
The market cap is too large. There aren't enough small time investors to fleece. The buyer of last resort is the Federal Reserve.

>>510139574
who do they think is going to buy the cars and sneakers and sportsball tickets after everyone is dead from finacial distress?

>>510139379
>literally doesn't understand how one of the main value propositions of Bitcoin is it's decentralized nature

lol

>>510139303
Doubtful the US government currently holds any bitcoin in their strategic reserve because the Biden administration liquidated the holdings and stole the money. The US is the largest holder because of the etfs, which they could force liquidate and confiscate the BTC at any time.

>>510138529
eventually things are better off but when millions of people lose their jobs, millions of people stop buying chink shit off amazon and millions of people lose thier jobs. its hard for everyone which makes the idea of govt intervention popular and so we always get intervention and never solve the problem that is the federal reserve system

>>510133178 (OP)
/biz/ calling you a dumb nigger while /pol/ laps it up tells me everything I need to know

>>510136681
In other words: soon
Since they are just another conversion outlet/inflation sponge, the moment the US dollar breaks they do. And we are rapidly approaching that as our empire continues to overstretch and gets weaker and weaker. We cannot even keep the Red Sea open anymore….

BIT FUCK IS FUCKED AND YOU ARE RETARDED

>>510136739
Why are you posting your coin investment strategies?

>>510138441
Naw, he told you to SAVE YOUR MONEY.
Also known as, let the jews take the product of your labor and use it for their own devices.
Clearly hes highly edumacated
Just save up and buy a hose from a boomer

>>510139900
>Doubtful the US government currently holds any bitcoin in their strategic reserve because the Biden administration
The strategic bitcoin reserve is a reserve asset, funded by the United States Treasury's forfeited bitcoin, announced by President Donald Trump in March 2025.

>>510139562
>it went down since then
fucking coiners are all tranies

>>510141993
>they have 200,000 btc
post a wallet txn then showing this
>all coiners are trannies, jews, or jeets until proven otherwise

>>510133178 (OP)
Funny enough i just saw my state television advertise Bitcoin hitting 100k euros.

>>510133178 (OP)
How do I buy bitcoin? Is there a tutorial?

>>510133178 (OP)
>btc is going to zero
for clarification

>>510133651
I'm actually giddy about it

>>510142236
>post a wallet txn
I'm not in charge of government accountability. In actual fact it doesn't matter what they actually have in reserver, just like it doesn't matter how much gold is in Fort Knox. What does matter is that it is the official policy to of the US government to hold the bags. Do with that information whatever you wish.

Oh bolloxs and if it ever did, which it cannot do, good. I’d buy it.
>look what some twat said about crypto prices
And you read it, geez.

>>510142642
Can't be serious?

>>510133178 (OP)
is this idiot still shilling for BSV and Craig Wright, the fake Satoshi?

>>510142642
oops
Tops in!

>>510140974
All the more reason to buy bitcoin if you think the USA is gonna default on its debt or something like that. Bitcoin cant be manipulated by one single bank and there in lies its strenght.

>>510142236
>post a wallet txn
I'm not in charge of government accountability. In fact it doesn't matter what they actually have in reserve, just like it doesn't matter how much gold is in Fort Knox. What does matter is that it is the official policy of the US government is to hold the bags. Do with that information whatever you wish.

>>510133178 (OP)
i actually didnt know taleb modeled with such traditional game theory. seems unnecessary here.

>my monte carlo method proved these are beanie babies

i would actually prob really benefit from learning the history he references in the bottom left about Neumann rng.

>>510142924
>BSV instantly scales to GB blocks
>proves blockstream lies
is this shilling

>>510136803
>day trade
Good luck. I typically make anywhere from a few $100 to $20,000 per day trading stocks, but I've never found a consistently profitable way to make money from purely day trading.

>>510142804
>Can't be serious?
Yes I can.

>>510133178 (OP)
>taleb retarded paper
in the trash

all this nocoiner cope in this thread, so delicious, cornito is going to 1M whether you want it or not, you will watch and you will like it, it's not up to you cuck

>>510144018
Just buy it man. Go to Google and buy it. It is as mainstream and simple as it can be. It is harder to receive an ACH deposit and then go to ATM and withdraw the money. Do you also ask for tutorials for that?

>>510133178 (OP)
Thanks, but I'm sticking with Monero.

>>510143168
>ignores the part about aussie conmen on the rampage

>>510133178 (OP)
Oh NO NO NO NO
I just noticed the papers author and the date.
HAAHAHHAHAAHAHAHAHAHHAHAHah

>>510133307
Glowniggers get SALTY when you cast aspersions on their fave shitcoin.

>>510133178 (OP)
Its value comes from kikes funneling tax money into bitcoin so yeah no shit. Whenever the gravy train stop or they decide to stop bitcoin collapses. There are literally over 18k shitcoins. All meaningless trash.

>>510133178 (OP)
I will be happy to see btc goes to 69k again..

>>510137004
It is gambling against the crypto-whales, at least one of which is the Chinese government. If any or all of those whales pull out, it is headed down in a hurry. It is like any other commodity with very high volatility, except no one has confidence in the long term liquidity of crypto. Way too many stories of people being left bag holding and unable to convert their positions to fiat. The same thing happens in the derivatives market, SHTF and trading freezes. I would not put a single dollar in crypto I was not prepared to lose completely. Understand that risk level and trade away. Keep it under 10% of your net worth would be my advice.

>>510147246
>dude 69 lmfao bro 420 weed lol!

Kys faggot

>>510139015
Keynesian economics is not dominant at all in universities. Look at where the MMT crowd emerged out of -- the university equivalent of Siberia. Neoliberalism and Chicago school nonsense is overwhelming in the US university system, but right wingers who didn't go to college don't actually know what gets taught in universities.

>>510139337
No, it's not a proxy for gold. The dollar, along with every other currency, derives its value from what can be bought with it.

>>510133178 (OP)

>>510138441
Fuck the parasitic rentier grabblers.

>>510149471
>Neoliberalism and Chicago school nonsense is overwhelming in the US university system
said no one ever

>>510136739
I look like that and gamble like that.

>>510136803
Invest in crystal balls.

>>510150977
Do you study hayek or austrian school in America then? Its a big meme in the lusophere especialy Brazil they have lots of fans there. Only country i think that follows it or tries to Argentina i think i dont follow it very closely.

>>510137004
Functions as a commodity. Not a stonk.

>>510138368
Can you give me one for free?

>>510138657
If bitcoin gets a sufficiently large enough market cap it'll stabilize.

>>510142642
Plenty of exchanges sell bitcoin, nigger. Don't even bother moving it off the exchange. Taking custody of your Bitcoin is basically a bygone practice these days unless you have hundreds of thousands dollars worth of it.

Banknotes (paper money) were initially distrusted as well
Didn't stop it from becoming the norm

>>510143168
I'll always be blackpilled on Bitcoin because of the scaling issue. I'll never sell, but the technology is utterly squandered and exists within a gilded cage.

>>510146369
If that nigger just would have made the strong arguments on scale instead of cos playing as Satoshi things would have worked out so much better. We got the bad ending with bitcoin, unfortunately.

>>510150977
You had the president of the United States (Obama), advised by Larry Summers, literally go on television and tell the country that "we are out of money". You live in a false reality.

It is a non-stop circlejerk over the budget, the deficit, the national debt, etc. If you think any of this reflects Keynes, you haven't actually read him or understand what his ultimate conclusions are.

The relevant example is WWII -- every country involved put their economies under full control of the state and created as much money as they needed, because real resources are the only limiting factor, not cash. There's nothing special about WWII in this regard, other than the ruling class felt threatened enough to go down that route. But the state can always do that.

Yo guys I have 0$, but I have 6 gorillion bitcoin bux. I am starving and wanna buy bread, veggies and meat. Where can I go and do it? Oh shit there is a war coming. I need to buy some supplies,weapons,gear and shit, where can I trade my bitbux for it? Oh, I am sick guys, I need money to buy medicine, where do I buy it? I wanna go on a vacation with my gf, where do I go using only bitcoin, Venezuela? Oh , what about the gas I have to buy, where can I fill my car with bitcoin gas?

>>510133178 (OP)

>>510153289
That might have been a thing, but banks made sure to stop bitcoin from scaling over a decade ago. Best I can offer you is a Coinbase or PayPal card.

>>510152098
That's because it's backed by gold. What is bitcoin backed to? Youtube influencers and tech scammers. I am aware that USA is out of gold from a long time ago, but most countries have golden reserves to make their currency stable. Kinda weird, right?

>>510137520
imbecile.

>Nassim Taleb
This dude is a meme, but I don't remember why.

>>510153289
>Oh, I am sick
Just get one of these and relax.

>>510153428
>What is bitcoin backed to?
Scarcity and utility same as gold.

>>510137203
They can't tax more, you can't squeeze blood from a rock.
Annual federal revenue is fairly consistent relative to a given year's GDP, between 17-25% across many, many different tax codes.
The feds only option is to spend less, but that won't happen as long as the empire exists.

>>510153428
Bitcoin is more scarce than gold.

>>510153492
>you see, in order to use the blockchain we first need to never use it and instead use a bank

It didn't have to be this way.

>>510133178 (OP)
>Bitcoin is going to zero
Prove it.

>>510153650
>It didn't have to be this way.
Agreed. At least the black mark does in fact use Monero.

>>510153649
No, they don't need to spend less. They need to spend much much more. And they are perfectly equipped to do it.

>>510153622
There is no utility apart from doing criminal activity. Drug money transactions, wondering money, criminals storing money, scamming schemes etc etc. That's like 99% of the crypto.
>Scarcity
Nope, there is no scarcity of gold, quite the opposite. I collect gold since a kid, used to work in a jewelry shop since a kid like 10 years old. Since then I follow the market and collect gold when I have money stashed away. I usually buy cheap stollen golden rings/necklaces/earrings etc. from gypsies, melt it into blocks and let it rest. I have a huge ass jewelry safe as big as human from 20 years of collecting. Never sold anything, I'm 31.
So, having that in mind, there is too much gold and everybody knows that. Companies that mine it artificially slow down production to make scarcity, they are all together on it. Also the traders/sellers etc people who sell it artificially bump up prices, same goes for the people who process it. There is shitton of gold in reservers that is not even registered (for example like mine, which is nothing) and shitton ready to get mined. Not to mention every country lies about their national bank reserves.

>>510153650
>It didn't have to be this way.
Agreed. At least the black market does in fact use Monero.

>>510133178 (OP)
I mean AI makes crypto obsolete at worst and a stepping stone at best.

It’s peaking now tbqhfamalama, they’re going NFT compared to AI.

>>510133809
if it goes to zero we have more gpus that can sit in datacenters to power chatbots. kek

>>510154016
>there is no scarcity of gold
Then why don't you go collect some and sell it to the misinformed?

>>510153650
The thing is that, everyone can mine a bitcoin, but that does not apply for gold.
Gold is mostly traded and recycled. Even when used in industries for buildings electronics and stuff it still gets recycled, bitcoin isn't.
Bitcoin has a known cap, gold does not. Nobody has an idea, but people in the mining industry suspect there is 90% of gold waiting to be found. That's for over 12k years of mining gold (officially).
To enter the gold mining or any mining business is almost impossible even for a rich person, on the other hand your average joe can start mining every coin he wants.
So yea, I am not sure it's more scarce than gold.

>>510153969
Monero is great. There are legal challenges with Monero though because it's anonymity.

It doesn't have a blocksize cap, so it could scale to handle millions of transactions per second. The only problem is if it gets outlawed the government can shutdown large mining operations. Because facilitating a scaled system requires professional tier infrastructure it would be easy to clamp down on.

Bitcoin doesn't face the same legal challenges because it's an open ledger. It could scale to millions of transactions a second today and the infrastructure is there, but instead we live in hell world.

Still, Monero is great. I'll continue to hold it.

>>510139720
> "decentralized"
> Blockchain is 650 gigabytes

Bitcoin and co have issues with scalability. The more people use it the more computation and storage you need to run the infrastructure. Inevitably you need a large, centralized server farm to handle all those transactions. Congratulations, you just reinvented the concept of a central bank by accident.

>>510154150
does the orangutang have the sword, or do I?

>>510154407
>everyone can mine a bitcoin, but that does not apply for gold.
Sure it does

>>510133178 (OP)
Wew, lots of people would get rekt. Everyone's exposed to BTC now thanks to the dipshits who decided to put MSTR in the QQQ

>>510154016
>there's no utility besides the utility

Cmon, man. The ledger can be used for just about anything and requires Bitcoin to use it.

>>510154016
the utility was supposed to be bankless transactions. getting rid of banks in general.

>>510154328
Man in my country collecting gold from rivers and metal detecting is like a national hobby. Kinda like the Japanese seal hunting, but with no killing, only treasure hunting. Last I checked there are like 80.000 people doing it(for 6.5mil country that's pretty good), we even have registered clubs, facebook groups etc. Getting a license is pretty easy as well, but many do it without it.

>have $30k in Bitcoin
>it could literally faceplant, drop to zero and I would still be fine financially now and in the future

Every day it becomes more embedded in the system. My guess? It matches the gold market cap and stabilizes from there. So a million per coin.

And Nassim Nicholas Taleb is probably the biggest pseud in the known universe. Also cringe.

>>510154407
>everyone can mine a bitcoin
Maybe 15 years ago. If you attempt to mine bitcoin with your PC it would be about 100 million years before you solved a block.

Bitcoin mining is a highly sophisticated professional industry these days that requires specialized hardware and heaps of energy.

>>510154545
Yeah, during the golden rush age. How many of those miners became rich? Now answer me. How many of them died? How of them became giga rich oligarch type of millionare/billionaire that many of the 'crypto bros' want to become?
Gold miners back in the days are the equivalent of the crypto traders and miners nowadays.
Let me tell you a literal fact, so that you can get me.
Guess who made most money in the mining village? The hardware shop that was selling picks,shovels, tools etc, not the miners. The same applies nowadays.

>>510133307
Exactly. Eventaully people woll be crawling on the ground like dogs in order to get a satoshi.

>>510154465
>Inevitably you need a large, centralized server farm to handle all those transactions.

This is already how Bitcoin has operated for a decade. Anyone who tells you they're contributing to the network because they run a "node" at home is a retard or lying or both.

It doesn't operate like a central bank however. Miners aren't issuing bitcoin and they compete with other miners to maintain the network.

>>510133178 (OP)
> https://arxiv.org/pdf/2106.14204
This is the worst pseudointellectual drivel I have ever read.
Nonwhites are functionally retarded.

>>510154813
> Guess who made most money in the mining village?
Trump's grandfather?

>>510133809
This,
I would buy all available at $1000

>>510154782
Man, I can buy a pretty goated mining rig for 100k$ and turn a profit in few years, there are special rigs , I am not talking about your normal PC.
Try buying equipment for mining gold, staff, try keep it maintained to code etc etc. You can't compare crypto mining to gold or any kind of precious metal or any kind of mining.

>>510134306
>no buyers at $0.00

you have to be eighteen to post here

>>510154596
>seal hunting
That's more of Canadian thing.

>>510154571
Unfortunately bitcoin wasn't immune to social engineering. So now we have an unscaled 6tps shitchain that requires bank cards to use realistically for everyday purchases.

>>510154932
No idea he did that. But yes. Hardware shops and food joints/restaurants/coffeeshops and bars were doing the most money and they were doing too much. Those are industries that can thrive in a isolated environment that have lots of people with no time,energy, but with customers with enough pocket money.

>>510155019
Oh yea, I guess kinda like your ''Dolphin hunting'' tradition.

>>510133307
You are literally a faggot and a jew. There's nothing that screams heb like a speculative market where you take money from the layman. Fucking degenerate retard

>>510133178 (OP)
stay poor
you lost

>>510154993
>You can't compare crypto mining to gold or any kind of precious metal or any kind of mining.
Actually you can. That's why they chose the word "mining" because of the similarity.

>>510155299
>''Dolphin hunting'' tradition
Dolphins and whales yes, seals no.

>>510155343
Ok, go build a gold mine by yourself. I will build a crypto mine. Let's see who does it first.
The ones who loses has to deliver 30 virgins from his country to the winner.
(if your dad is the CEO of Nintendo it does not count).

But I still don't get why anyone would buy any. Just in case some other sucker wants it for more later?

>>510154813
The biggest money makers during the gold rush wasn't the tool traders. It was the saloon owners and pimps. Trump's grandpa started the family business that way.

>>510154993
100k isn't going to get you very far, especially if youre just some guy with no connections. You can't just spend 100k on miners and yeet into mining. You have to setup a facility, deal with power, cooling, networking, pool fees, software fees... the list goes on. You won't turn a profit on your 100k mining operation for over a year and by the time you do, you'll need to start looking into new mining equipment with better hash performance to stay competitive.

>>510155343
Btw there are meatballs made up of meat, made up of different kind of vegetables, made up of onions. They are all called ''meatballs'', because they look like meatballs, but they all taste different for a reason.
The same goes with mining bitcoin, yea it looks like mining, but on the inside is not.
What's next now, you are gonna compare data mining to gold mining? lol

>>510135333
That's a stupid, jewish way of arguing.
>the bankers job is to manage your money
>the banker tried to rip you off to benefit the bank
>faggot memeflag jew babbles about some gambling game false equivalence

>>510154923
Same difference. In the end it doesn't matter how the currency is issued, but who controls the distribution.

>>510155534
Those too yeah, I am just saying, the businesses that have highest necessity, that can't be outsourced elsewhere. Would not be surprised if drug dealing was a big thing as well.

>>510155779
Would you say the same about gold?

>>510155619
Still, even if it costs me 10 million. For 10 million you can't probably buy 1/10 of the drilling equipment, not to mention the rest.

>>510155533
Yes, that's called speculation, look it up.

>>510138332
>no goyim please think about the jewish bankerinos
lol. LMAO even.

>>510141862
>bro redrew the rainbow
it's actually over

>>510133178 (OP)
>be me
>invest in all of the wrong things
>lose money
>buy the top
>never able to time anything
Investing wasn't for me. Grats to those who got lucky tho

>>510155929
I would say it applies to all stores of value. Humans are pretty good at turning collective illusions into utility.

>>510155951
Bitcoin is also 1/10 of golds market capitalization. A 10x increase in network difficulty and the cost to enter into Bitcoin matches or surpasses gold mining. Which will likely happen before the end of this or the next decade.

Eventually Bitcoins price will become even more stable than golds.

>>510133307

Hey retard, i hate kikes as much as you i'm sure, but all time highs with what....digits on a screen? Ok, give it to me physically.....oh, you can't? why not? If youre falling for "muh digits on a screen" over buying PHYSICAL gold and silver than good luck with that, dont be a retard, get rid of your fuck coin, shit coin and bitch coin asap, buy physical.


EyeNoseJewsAreEvil

>>510156201
Yeah, well, I don't want to trade you what you need right now. I want to trade you what you can in turn trade for something else you actually want.

Money makes life or at least trade easier. A measuring stick that is fixed is preferable to one that changes whenever the jews decide they want to fuck with the goyim that day.

>Bitcoin going to zero
Duh, it was always a matter of time because bitcoin just depends on the greater fool to create value. No one uses it like a currency. The privacy it was supposed to provide is gone and you have to pay taxes for buying and selling it. So what the value statement behind bitcoin.
>Its money, but more inconvenient
>its money, but easier for criminals to steal
>its money but no one will accept it as payment
>its money, but you'll have to wait weeks for transactions to go through and you'll have to pay for the privilege.
When gen alpha comes around they are going to think it is retarded and the market is going to shrink as a whole. I can see mass abandonment of crypto and tons of people bag holding like those dudes who collected beanie babies.

>>510156278
Meh, I plan to keep investing into gold for the next 20 years and retire at like 50 like a G. I have ridiculous amount for my age (kilos), so as long as I collect and keep, the better. Crypto is too much of a risk and it will always be. Also, instead of waiting 20-30 years that hypothetically bitcoin or other crypto will become stable as precious metals is insane. Better play it safe when you can, don't waste your future. Start a business or get a good job, stash ur extra money into gold. Get to 50, retire and be happy.

>>510156527
>too much of a risk
You're only 30. Just DCA an amount you don't care will go to zero if it doesn't pan out.

I collect boomer rocks too. Own stonks and real estate.

>>510156472
I use btc as a currency for regular purchases. You sound like a boomer re. internet in '99

>>510156828
>used it for a purchase
Let me guess, drugs?

>>510155715
>it looks like mining, but on the inside is not.
So you don't have access to analogies where you come from?

if it stops, I'll just buy more

>>510156953
Manga/Anime can be both Shonen or Hentai, they are both Manga/Anime, but quite different, aren't they?

>>510156472
Works better as a storage of value against inflation. And last time I checked, beanie babies weren’t being turned into ETFs and placed into IRAs.

i refuse to believe bitcoin breaks ~140k just because jews would never allow the goyim to profit by any serious amount
if you didnt ride the initial crypto wave, you missed the boat. simple as.

>>510156472
>Duh, it was always a matter of time because bitcoin just depends on the greater fool to create value. No one uses it like a currency. The privacy it was supposed to provide is gone and you have to pay taxes for buying and selling it.
This is correct
>So what the value statement behind bitcoin.
"Greater fool" still applies. The FED may end up as "buyer of last resort" like it did with TARP and the BlackRock purchases. (BlackRock already own a substantial amount of Bitcoin).

>>510156626
I am looking into stocks as well, but I am wondering which is better. New companies with 'apparently' good future that just started out or old companies that are already considered 'safe' to invest. Anyways, I have Tesla stocks from 10 years ago and I am keeping them till first Mars mission is complete. That's the only stocks I have tho. I invested for the lulz, was my first and only investment just to get an idea of the sphere.

>>510136739
bingo lmao

>>510133178 (OP)
Is it going to zero after the US bought Bitcoin with their last gold reserves? *thinking*

>>510138950
you'd have to go back to before the Younger Dryas and the theater kid revolution in gobekli tepe.
it's theater kid feudalism. each one stands up and chucks and jives for his place in the hierarchy.

Destiny is a king, nay a GOD, and he has two dozen knights who each have 50,000 subs.

sub being a kinky fetish sex term. and content meaning to be contented, an irony.
when the new product comes down it is deemed either cringe or cummies and then distributed via affiliate link.

how else will a hundred million retards feed on slop

>>510142236
number 8. and 11. and 13 14.
didn't they fleece the silk road? surely that's a bajillion dollars now.
Satoshi isn't on your list so idk what value it has.

>>510157401

>Cryptobros in 2023: the US government makes extremely bad financial decisions! That's why crypto is the future!
>Cryptobros in 2025: the US government makes great financial decisions! That's why crypto is the future!

cryptoniggers being consistent for 10 seconds (challenge level: impossible)

>Markets can remain irrational longer than you can remain solvent.
That's where we are at with Bitcoin. All the HODLers will refuse to let it drop until they die. At that point, nobody will give a shit and it will tank to nothing. Unfortunately that's a very long time from now, so you won't even get to laugh in their faces.

Just take solace in the fact that you are right, BTC is ultimately a meme that nobody actually uses, and everyone promoting it is grifting to "get their bag." These are people you don't want to associate with in general.

>>510145116
why hasn't Western Union been replaced? not to mention ticketmaster. this super promising tech has proved to be vaporware

>>510156527
>Beanie babies not in ETFs
Sure, but that is only a means to tap into the market volatility of crypto. The issue is that it has no underlying value. Gold at least can be used in jeweler and circuitry bitcoin is worthless outside a means of exchange. If people stop buying into bitcoin its dead in the water and the only thing keeping it going is past performance and stable rise in value, but if either of these things fail in the long term its done.
>>510157245
>Buyer of last resort
God I hate the fed and the cronie capitalism it supports.

>>510134312
Gold has use case and intrinsic value. 5,000 years of history has money over jewish internet math..geez I wonder which one isn't a scam.

>>510157712
we've now reached the point of clownworld where libertarian cryptobros are cheerleading on the side blackrock and the federal reserve

>>510134110
>make all the LSD manufacturers insanely rich
yeah this surely isn't a government op
whole market is getting freakier, everything changed over covid.. someone is hijacking for some kind of slavery

>>510133307
BTC is at the mercy of massive institutional investors now. It will go wherever they want it to go now. Probably only going to be up for a long time until they start pushing gov CBDCs and need to dethrone btc. Still though, if you didn't buy in years ago you're done, may as well go gamble on penny stocks or shitcoins

>>510157712
What the fuck do you think gold is? It only has value because we agree it has value. Plenty of other metals look nice, look at pyrite. Now enough people agree Bitcoin has value. This isn’t deep, this is basic psychology.

Bitcoin has crashed, what, ten times now? Has had 18k shitcoins competing against it? Survived years of regulatory scrutiny and climate homos and you think it’s going to fail? I obviously wouldn’t sink my entire 401(k) into it but it’s not going anywhere

>>510157045
>Manga/Anime can be both Shonen or Hentai, they are both Manga/Anime, but quite different, aren't they?
Sorry, I don't speak Japanese. I'm a visitor here. Could you explain this to me?

>>510153650
Scarcity doesn't automatically mean something is valuable faggot, especially over 3 trillion in value. Shitcoin is directly correlated to the fed printing M2 fed notes. There are literally millions of shitcoins. Nothing makes bitcoin better than say monero, so why is it worth more? Because the jews that invented it bought a bunch of it 15 years ago and haven't sold. They keep funneling in printed tax "money" into it. Bitcoins value is directly correlated from the greed of kikes.

>>510157825
I never trust libertarians. They always abandon their principles once they get big.
>Its da governments fault that capitalism doesn't work correctly
>now let me use that government to entrench me and fuck market efficiency

>>510133178 (OP)
That has always been the part of the plan. It was a trojan horse/sacrificial lamb. Then xrp takes its spot at the top and tptb can implement their even gayer new financial slave system.

>>510133178 (OP)
>Taleb
>2021

>>510157819
Lol, we all fucking know gold has value because we believe it has value, not because you can make it into jewelry for Indian housewives and put it into electronics (very recent use case).

If I’m wrong, I burn $30k. If you’re wrong, your daughter is going to be my concubine on a O’Neill cylinder orbiting Jupiter. Good luck faggot.

>>510157965
>What do you think Gold is
A metal that has high conductivity and low resistance making it create for electronic purpose. A metal that does not rust and is very malleable. The point being Gold has properties that actually make it valuable and useful for things outside of exchange. Bitcoin does not.

>>510137730
>Let me guess your the same type of retard that thinks the S&P500 will continue to grow 7% on a per annual basis following the heat death of the universe because "MuH tEsT oF tImE".
I do think this is true. The stock market is fake and gay and not a measure of economic activity. It will continue to rise simply because it's designed to do so. It's almost entirely automated and specifically designed to block human influence, because human influence would cause it to crash.. because it's all fake and gay.

>>510158183
>It will continue to grow
I am not the same anon, but it'll keep growing because we force 2% inflation. The underlying value of the businesses doesn't change, but the money loses value, so to reflect the real value of the business the price of the business has to go up. This means a business will become "more valuable" simply for existing.

It could drop to a few hundred but that's not zero.
If you want zero, I'll have to invest in it first as all I touch, crashes afterwards and I need money to throw away at wall street first if you want it to crash and die

>>510158093
Gold has value because we believe it has value but it's also physical gold. Even if no one wanted it for it's speculative value, it's still extremely pretty material and has several useful physical properties. If you want to use a computer then someone needs gold somewhere to make it. Bitcoin has no such characteristics, it's simply a speculative asset with 0 inherent value.

>>510158342
The stocks will still keep going up because when you print money the same amount of physical shares of a company are now worth more money. The same isn't true for bitcoin which has purely speculative value. It doesn't get the "benefit" of passively going up in value with inflation like stocks with real companies behind them do.

>>510158178
That’s really cool, tell me why we valued gold for 10,000 years before electronics. Because it’s malleable? That’s your final answer?

It’s because oh, it’s a shiny fucking rock and even though it’s 2025 AD now, we now perceive Bitcoin in the same way because we have the same brain as humans from 100k years ago.

What’s funny is that you’ve already been proven wrong, but I guess it’ll have to overtake the gold market cap before you realize it.

I have like .15 Bitcoin
what do I do

>>510158505
Gold has several characteristics that make it superior metal for making coins specifically which are extremely useful to have. Gold is literally money in more ways than one. It's notable that despite literally being made to be a digital currency from ground up bitcoin lacks almost all of the good features that make anything a good currency, namely it's extremely expensive to trade with and extremely slow. It's worse than trading with cattle, at least you can eat your cattle if you want.

>>510151449
In the US:
Austrian Econ = Libertarians
Univ of Chicago / Friedman = Republicans
Keynes/MMT = Democrats
YMMV, but this is roughly how it breaks up.

>>510133252
fpbp
>digital proposition
like fiat but somehow worse

>>510158467
>Bitcoin is just code, so it’s speculative
Meanwhile I can send something ot value instantly without a middleman. We know who holds what. You can’t seize it.

But yeah, have fun when we start mining asteroids and when ChatGPT 54 can add protons, neutrons and electrons to hydrogen atoms and make gold while you’re taking a dump.

>>510158726
It's speculative because it has no value merely a price.

>>510157965
No, gold has value because it has actual usage.
In the past it was a rare material that could be easily used as currency with an equally easy means of verifying authenticity.

Today it's necessary for virtually all of society to continue functioning through its superb electrical applications.

>>510158672
I’m going to just ignore your posts because it was expensive to use and slow maybe 12 years ago. And even then, I was paying $5 and waiting twenty minutes.

>>510158505
>Because it is malleable
Fuck yeah that's my final answer, that and it doesn't rust. You do realize that metal was the most valuable thing you could own back then. If you owned a sword it was like owning an expensive car now. They literally passed down their armor to their kids because it was super expensive and losing it in battle was considered a tragedy. Hell even in the colonial period owning iron fences was an expression of extreme wealth. Its only because of the industry revolution that normal people can have such a blasé perspective on owning metals. There are tons of things that scientist consider metals that no one gave a shit about because they weren't malleable. You always had the option to melt down your gold and convert it into a tool or something functional.

>>510159032
It's still extremely slow and expensive.

>>510158954
If gold was solely used for electronics as it is now, it would be a tenth of the price. I’m going to sleep, I might get burned in the long run but in the meantime this “valueless” asset is what I’m going to pass on to my kids while you continue sleeping in a yurt.

>>510159222
If bitcoin was valued based on it's actual uses it would be worth nothing because you can't use bitcoin to transact in regular life. It's entirely a speculative asset.

>>510133495
Bittards think they are hacker man fighting the government with muh dark web currency. The feds know what they hold and can confiscate it.

In reality they are doing all the leg work and testing for the governments that want to create a CBDC.

>>510159222
No, dumbass, because unlike iron and copper it isn't everywhere.
I don't know why you cryptobros can't accept BTC has no functional usage, and is entirely propped up by the same monetary powers that print money as is.

>>510155747
Which part of my story did you not understand? Maybe you should read it again.

>>510136739
It's worked for me. I'm a millionaire.

>>510133178 (OP)
It would be nice

>>510138950
Nah youre tired because you work like a good circumcised jew slave to support the judeomatriarchy like a cuck while real men obtain money without a bossman

>>510133651
>"I have no exposure to BTC in my financial portfolio and am very bitter about that fact"

>>510133178 (OP)
lmao somebody's butthurt

>>510133178 (OP)
This Taleb guy wrote the foreword for The Bitcoin Standard. When did he become a hater?

BTC rules, nocoiners are fools.

>>510133178 (OP)
Please God let this happen I would CUM so hard!

>>510160295
The problem is banks and their fiat currencies, if you want a digital money Bitcoin wins out, even if it's too complicated to explain to normies they should be converting their fiat currency/number on a spreadsheet in a bank into Bitcoin because it's the closest to digital 'money' that exists currently.

Fiat can be printed to infinity and ONLY has it's value because the government says so, in collaboration with the banks printing lots of fiat and government finding new inventive ways to tax all your Fiat away you will be robbed of value before you even know what hit you. No fucking shit everyone should put into Bitcoin because of this, or even gold/silver which are the original money accept no substitute.

>>510133178 (OP)
nocoiner seethe, academic wiffle-waffle edition

>>510133178 (OP)
Cool

Every time BTC gets another ATH, the kike shill start seething on pol.

It's always browns and Canadians (same thing) who shill in these threads. Absolute fucking retards.

Daily reminder that Chainlink is the backbone of the future financial system.

>>510154782
It’s sad, I used to mine it on my old Windows XP computer.

>>510155246
i want to give the one in the boots my willy