>It's a currency, but almost nobody pays with it and it fluctuates like crazy>Now it's a store of value, except it goes down when inflation is highHow is crypto not just a pump and dump
>>59239560Its definitely a ponzi scheme, just like the USD that it's valued in. And these suckers keep falling for it.
>>59239560It's useful, but only to useless people.
>>59239560about 96% of us households that do hold it, use it as an investment and the remainder is used for payments by the unbanked. it will be somewhat different for people in less-well-off countries.
>>59239626The unbanked can only use it as long as the banked are willing to buy it. But they're only buying it cause it's going up. Pump. And. Dump.
>>59239560Once you separate bitcoin from crypto it will all become clear. Crypto is for retards.
>can't think on a 4+ year timeframeNo wonder you’re a slave. Alpha is not a derivative of beta.
>>59239560It is a pump and dump. It is too complicated for your average retard to use, severely limiting its widespread use and fees are high. That doesn't mean you can't make money though.
>>59239816Quit bullshitting yourself. There's no fundamentals for you to think ahead with.
>>59239855>be imageboard user>fail to grasp memeticsSad!
>>59239560Bought something for 100 dollars equivalent when it was around 28k, regrettable...
>>5923956050,000 BTC transactions per day you black gorilla nigger monkey
The value of stocks and bonds go down when inflation goes up, commodities however do go up. Bitcoins market appears to be something more akin to a debt asset than a hard asset, so it is a store of value.
Its a casino for normies so the federal reserve jews can keep digitally printing currency (paper takes too long to print kek) then hiding it away into intangible promises.
>>59239855>fiat: 10% annual increase in supply>btc: 0.85% (and halving every 4 years) annual increase in supplyWith even a single buyer spending n% of their income buying btc, btc approaches infinity in-the-limit
If the other party in the transaction lacks the means or devices to split the store of value, its divisibility is drastically limited.
congrats you are above 100 IQ. the currency and store of value memes are what you and higher IQs use to bait NPCs into falling for the pump and dump
>>59239560>How is crypto not just a pump and dumpWould it matter if it is? Am I suddenly poor again just because it is a pump and dump?
>>59239560OP, you know what your problem is? you're not smart enough for the 21st century. what's worse, you're lazy and won't ever learn.
>>59240132found another retard and he's smug about it, too lol
>>59240209How do you know you won't be holding it when it dumps?
Wait, what is happening? A thread with serious answers on /biz/?Anons calling crypto out for being a pump and dump?Why am I seeing this just now?
>>59239911I didn't know I could put a little bit of money into a casino every week over several years and reliably come out ahead. I've had casinos all wrong all this time
>>59239560Everything other than BSV and XMR are valueless scams with zero utility. But everyone should keep trusting the word of Michael Saylor just like in 2000.
>>59239560>currency… store of valueIt’s a commodity retard.
>>59239560It is. Crypto is the biggest ponzi scheme of history, and I love it. It is glorious and based. I love making money without waging for mr Goldberg. Eat shit with your "working ethic", socialists.
