People who want to preserve their purchasing power
>>61118812You realize gold has an unlimited supply in the universe right? And with modern technology it can even be made. Bitcoin has finite supply and can't be made extra.
>>611188004269 is the top, mms are fags.
>>61118821LolLmao even
>>61118821Unironic asteroid mining posting. Im still so bullish on the yellow metal
>>61118834Or of course if they just find a huge gold pocket. Or perhaps they already have. Nobody ever audited all the gold on the planet you know...
>>61118821Bitcoin has unlimited supply, look at all the thousands of shitcoin copies that diluted bitcoins value by diverting investment money away from bitcoin.Bitcoin would have been worth at least $200k now if it was the only crypto, but thousands of copies of it were printed out of thin air and investors put money into those shitcoins instead of buying bitcoin.Gold has only a few shitcoins that divert investors money, such as silver, platinum and palladium. But these shitcoins can't be created from nothing as they are limited by physics and the periodic table of elements.But bitcoin shitcoins are just software that can be created from nothing as many times as they want. Just copy paste and change some lines of code.
>>61118860>Bitcoin has unlimited supply,stopped reading thereDYOR
>>61118871You lack common sense.
Bitcoin will get forked to death by institutional hijacking
>>61118888>two more weeks before they will fork bitcoin!lol
>>61118871You don't get it.If bitcoin was was the only crypto in existence, someone putting $100k on a crypto exchange would have one option to buy, they would buy 100k of bitcoin.But because bitcoin has been duplicated with more bitcoins called different names such as litecoin doge coin, shibu inu, etherium, link, etc. Now when someone puts 100k onto an exchange theyre more likely to buy these other coins to build a "portfolio". So they only end up buying 50k worth of bitcoin, plus 20k of eth, 10k of doge, 10k of ripple, 10k of fartcoin.So bitcoin loses 50k of potential new monetary demand which causes the price to go up less than it would have if the investor put all 100k into bitcoin. These shitcoins dilute bitcoin, just like if bitcoins were printed out of thin air.If bitcoin was the only crypto in existence today its price would be around $200,000 per coin, but its "fixed supply" was diluted by all the other new shitcoins stealing investment money from bitcoin.That's the problem with software, it can be copied forever. But you can't copy or clone gold hardware.
>>61118903Are you in favor of nodes running Knots or Core?
>>61118821
My friend works for a BTC finance company and he's incredibly stressed out lately over the Knots vs Core soft fork that's playing out over the last few months. The devs are practically at each others' throats like someone set this whole thing up. Someone like Blackrock.
Could be a Chinese subversion tactic too, I think they have a lot of incentive to sabotage BTC from the inside.
>>61118800gold (something) is better than bitcoin (nothing). check mate.If bitcoin launched today with all the other crypto existing, do you thing that bitcoin would reach 20k market cap before rugging?
>>61119007You think if gold was invented today?
>>61119012silver would prolly be the go-to metal, but some value would flood into gold for sure. Even aliens love gold ;DD
>>61118800They robbed you and you are unaware.
>>61118800bought mine at $1200 , don’t feel that retarded desu
One of my favorite stories from Sunday school was from Genesis, the story of Jacob and Esau. Esau was an honest man and a hunter, and Jacob was a dirty scheming shrewd jew. One day Esau's hunt goes badly and he comes home starving. Jacob has a bowl of soup and says he will only give it to Esau if he hands over his birthright inheritance. Esau agreed and Jacob became the progenitor of Israel. Americans are like Esau who are trading away their birthright of gold for a bowl of crypto soup.
>>61118821> You realize gold has an unlimited supply in the universe right? And with modern technology it can even be madeFukin AAA retard here fellas
>>61118830"Yes, but Blackrock Saylor, the banks... quantum doesn't matter, the line is going up! I buy a lot of Bitcoin. Diminishing returns, buy more, boomer poop gold."
>>61118800Believe it or not but people pay 113k for an entry in a database
>>61118800I kinda wanna buy some gold and silver now, ngl. I feel like I'd be buying the top tho.. silver seems safer
>>61119117>SaylorSomeone hasn't been paying attention. Is pattern recognition too hard?
>>61118800
>>61118906True but it's not going to stop btc from giga pumping when otc and exchange supplies run out in the next few years. Altcoins will eventually serve a purpose or mostly die. Never know, one might even flip btc one day. Likely would be eth.
>>61119178>Buy the literal historical topNever change /biz/Never change
>>61118800it's not bitcoin's problem that people lose money investing in shitcoins. we've all been there, and you are basically right, but the money going into altcoins by individuals, will go back to bitcoin when they find out there can only be 1 in this whole space. if anything devs or altcoins get the extra $$ from silly newbs but usually it's a 0 sum game, as they likely invest their profits in guess what...bitcoin. so your argument is moot.
>>61119178Gold is actually safer, silver is more volatile. Silver will definitely run higher in the short term but gold has half the world backing it up in central bank reserves. Gold will not crash in a meaningful way, not to the same degree that most markets will. For gold to tank, it would require China, India, and the global south to have their central reserves convert their gold to dollars. They will not do that.
>>61119192It's only the top until tomorrow bbygrl
>>61119201>/biz/ be like ayoooo imma buy this chart it looks bullishlmao
>>61119192Ya, I.. I just said that. Thing is, I actually meant to buy gold a long time ago. Got some money and put it in btc, some alts and a house instead. Now I'm reminded why I was supposed to buy gold. I don't think I will this moment, prolly gunna see what happens in the next few weeks. I might actually buy some silver tho
>>61119206I think you should wait until it touches $4500 at least that way you have confirmation it's going up
>>61119205It kinda is tho in the scary way. Haven't you seen it next to the pic if Germany's fiat fiasco? It looks strikingly similar and everybody knows we are hyper inflation spiralling, nobody wants to accept it though. Or are you one of them jewish folx?
>>61119205down button broke buddy.
>$4201this is some fucking bullshit
>>61119195unless the anglo-saxon finds a way to invade those countries to steal their gold of course.
Buy now you silly fools. You have been warned.
>>61118860>look at all the thousands of shitcoin copies that diluted bitcoins value by diverting investment money away from bitcoin.Shitcoins aren't Bitcoin.There's a reason that there is no "alt season" this time around, all the dumbfucks who believed in "alt season" have gotten burned so many times that only the dumbest of the dumb are still desperately throwing money at them begging to "make it".Meanwhile I just enjoy the number-go-up technology of my BTC.
>>61118800You would be fucked in the head to not own gold these days.
Central banks.
>>61119373TCBD
>>61118860Every single alt derives its value from bitcoin They only exist to be pumped and dumped in order to gain more bitcoin Every single dollar that enters the market to buy an altcoin ends up going into btc once the whales dump on idiots and move everything into bitcoin
that slop chocoolate was pretty good
cry more
>>61119373/threadWe're fucked basically
>why do people spend $4200 on coinsI bought most of mine sub $2400
>>61119205>cryptos be like @grok what is this
>>61118800From a purely FOMO standpoint, our situation from a macro econ perspective looks very dire and people finally realized they can hedge against the decay of their money via hard assets. Bullish for crypto and bullish for PMs. People wont be buying in because of 'muh tech' soon, they will be buying in with a gun to their wallet's head.
>>61118800What kind of moron pays a computer to solve a math problem just to buy a Chucky cheese token?
>>61118821The price you pay for precious metals is partly for the extreme work and risk involved in mining or stealing it.The price you pay for crypto is partly for the computer hardware and electricity spent to create it.Bot of these have an inherent cost, but if you plan on mining asteroids, your cost to mine it will be too high
>>61118821Yeah, those 3 lines of code that enforce the 21m limit will surely never change. That would be impossible. Humans would never do such a thing.
>>61119192It's the historic top of the forever inflating USD. Silver and and gold miners would really need to speed up their operations if they want the value to be coupled or below USD.You'd also need all the BRICS countries to sell off all the silver and gold that they began to horde since their currencies are even worse than USD
>>61120861That's just the historical top. It's going back down at the end of this cycle. I'm very smart.
You know the Treasury market is $46TN in size and the U.S. GDP is only $22TN. Treasuries have insideously seeped into every aspect of the economy and distorted it in ways that will be very damaging. The global banking system runs on them.The U.S. trade deficit ($700BN) is financed by them.Every benefit you think you were ever owed: Social Security, Medicare, life insurance, pensions, 401ks, stocks are the assets they own. The U.S. government spends $1TN of their $2TN revenue on interest. We have to deficit spend $2TN per year or risk a massive collapse in the economy. So what is a Treasury? It is a financial asset that says YOU, the TAXPAYER owe yourself $200,000 per person. It's a literal "Go fuck yourself" financial asset that they elite have been using to rob us all blind. They steal your real-world present day time, labor and resources and do the ol' switcheroo. They give you a debt that says YOU OWE YOURSELF. Run for the fucking hills because none of this shit is going to get paid and they are the ground-zero peak-bag holding. We only mine 800M ounces of silver per year in the entire globe. You divide that amongst every human on earth we all get silver coin the size of a penny. It is axiomatic that there is a severe resource shortage and financial assets earning you basis points are unrecoverable losses just waiting to be actualized.
>>61119195I think the number 1 reason gold is kept by governments around the world is that it doesn't rust/tarnish
>>61121167Countless businesses run on credit and people's inflated levels of demand.Countless business' income statements are full of this temporary purchasing power. The demand economy will wither on the vine. Real estate is propped up on bank credit, so your house is inflated in value contingent on always having credit worthy banking system (they're bankrupt. They ruined the Fed balance sheet in 2008).The only way out of this is bankruptcy. Financial asserts will be written off for pennies on the dollar. Inflation will steal your purchasing power as the debts need to be worth fewer resources to stay solvent. Meaning all your lifes work and toil will be taken from you if you keep your purchasing power in the credit system. You put 10 ounces of gold in the vault, and you only get 1 back out. No refunds.
>>61118800Gold will never go above 4150
>>61119784Why??>>61119397Factos.>>61119181L take. Warren Buffet, Mark Cuban, and Trump have all been cover stars too.
>>61121179Gold is kept in vaults so they can collateralize loans. The elite want to make money from money and this is how they do it. Keep the tax cattle on the hamster wheel. And once the system runs out of steam they revalue gold higher. They did this in 1933 and they will do it again.
>>61118903it already has been forked a thousand ways to sundown crypto is a huge meme and will evaporate modernity singlehandedly
>>61118821Cope.
>>61118821>he doesn't know bitcoin was created by glowiesOH NO NO NO NO
