Whats the point of Bitcoin?Yes I understand it's backed by the strongest network on earth, it cannot be modified even if it's open source, and it's limited in amount. All these things must have a value. However, how much value? How do you value this?It's literally nothing, outside of the network and the ability to move units from A to B. The promise of it going up in value is just hoping other people pay an higher amount.This is difficult to value. It may be 1 million or 1000 or literally 0 if it enters a sell dynamic and people get increasingly scared to hold it. It is a crazy bubble. There is value on it but it makes no sense to be valued at any particular price. It's units of nothing backed by a ton of power. How the fuck do you value that.
there is enough money in the world for bitcoin to go to $1,000,000.00 overnight and it won't even make a dent in the global economy.
>>59606358It could go to 0 tomorrow and nothing would really change either.
>>59606358>>59606388
>>59606388>It could go to 0literally impossible for the same reason gold will never go to 0
>>59606490but bitcoin could have some sort of glitch in the code or some panic eventgold is just some boring rock and there's a demand for it to manufacture some stuff
This is why tradfi midwits don't get bitcoin and don't buy it or don't buy sufficient quantity of it. Hence why we are still early and the price will continue to go up.OP, riddle me this: if you own shares of a company that gives you a 7% dividend (of which you keep say 5% after tax) but the dividend is paid in a currency that is being diluted at 7% per year, what would be the value of holding that asset? Same for rents on real estate, or yield on a bond, etc.
>>59606329trustless, decentralized, globally transferrable, digital unit of accounting value
>>59606329>how much value$according to the charts approximately $100k per coin with a $1.9 trillion market cap.
>>59606490>too big to failLol. Shiny rocks will be valuable for as long as life exists. We like it because our lizard brain says shiny = water = good.Bitcoin absolutely can and will go to zero. When? Who knows.
>>59606832Can Bitcoin be made shiny? This would fundamentally fix the coin and make it valuable.
>>59606895>Can Bitcoin be made shiny?bigger number!
>>59606329the fact that there are no borders, no IDs, no control of any kind for you to make a transaction is pretty damn valuable to me obviously they are doing all they can to regulate it but ultimately its the basis of a free financial system it could be easily worth many millions
>>59606999>the fact that there are no bordersyikes, this just makes it sound like communist-money. MAGA means USD because of the US part of USDdon't think trump is pro-"no-borders"
>>59606329>it cannot be modified even if it's open sourceretard
>>59606329depends on utility. extremely high (the same utility as money, which buys anything, protection, progress, etc)the kind of utility which determines the technological advancement of a species
>>59606329The point is it prevents your mother and sister from whoring themselves on onlyfans as we go through global weimar. It literally defeats the jews from genociding every non jew as they have unlimited power from the money printer.So maybe you should shut the fuck up and read a fucking book you reddit tier nigger
>>59606329>How do you value this?Bitcoin's value is a combination of- 1. How much people currently value the existence of decentralized digital currency.- 2. How much people think the future will value the existence of decentralized digital currency (or, rather, how strongly people believe decentralized digital currency will play an important role in the future)- 3. The cost that it takes to mine and maintain bitcoin, since there is a huge amount of electricity and infrastructure poured into it.
>>59608350>3. The cost that it takes to mine and maintain bitcoin, since there is a huge amount of electricity and infrastructure poured into it.bitcoiners never like to admit this
>>59606329Bitcoin maxis usually value it by the total of world assets divided by the supply of Bitcoin. So if the worlds has $100 trillion of cash for example, they believe that all of it will eventually be converted to BTC. That's how they come up with those crazy numbers, but like you said, there's no guarantee that it will go up forever. If people stop trusting it, it will lose value. So just like it went fast due to hype, it can snowball downwards also.Bitcoin maxis also say that it's inevitable that it will replace cash because of decentralization, limited supply, etc. The problem is that Bitcoin is outdated already and there are many better options out there with the same properties and even more, but they are in denial
>>59608783>limited supplyi don't understand how they ignore the concept of infinitesimals and floating-point division. Just because there's an upper limit doesn't mean there's a lower limit, and without weird rounding issues past a certain point.Let's here some sperg chime in and correct us all here like it matters. Bitcoin IS hopium for what used to be heaven's gaters.
>>59606520>tradfi midwits
>>59606518>b-butstop pretending to be playing middle ground niggerbitcoin will keep going higher because greed always come before fear
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