>BTC? you're just betting that a bigger retard will pay you more than you didwhy aren't people as angry about this concept when the question is about gold? because cryptos have given too much "underserved" wealth to some people?
>>61936177At least BTC serves an actual function. 95% of the bullion that gets traded around to spergs will never ever be smelted down and used for its conductive properties.BTC is a currency, and you're still using it as one even if you're just saving with it.
>>61936302>At least BTC serves an actual function.>says this and compares ponzi fake ultrafiat "money" to GOLDbiggest fucktard I've seen on /biz/ this whole week possibly
>>61936315my original point is that gold as an investment is motivated excactly the same as BTC, it's just more conservative and tested. BTC is just gold on steroids, the fundamental idea isn't far off.
>>61936315>ultrafiatBut enough about gold, which needs IOUs to function as a "currency".Crypto won. Metaltards stay eternally seething.
>>61936177gold has intrinsic value, we make things out of gold purely because it looks pretty. If modern civilization collapsed tomorrow I could still trade my gold for goods and services like we have done for thousands of years. My btc, not so much.
>>61936395gold's practical use explains 5% of its market value. besides that fraction, all the points about perceived value apply the same to bitcoin. the latter is obviously younger being a child of the internet age.>le societal collapseyou got your gold physically with you right now? good for you then. i know i won't be betting on that outcome myself.
>>61936323But you can't get btc physical?
>>61936416the point isn't to pour all your net worth into gold but to have a safety net. My point is unlike bitcoin you can't become the greater fool buy buying physical gold.
>>61936421Better, you get it in it's energy form.
>>61936315He’s literally right though Refute him without sounding mad.
>>61936438If your pour all of your wealth into gold you actually brick yourself. You lose 5% right off the bat, put yourself in major risk in the event of a flood or catastrophe, and now are at the mercy of local dealers and spot price when you need to buy. Even the spergs who go all in on BTC can find vendors that accept it, rapidly convert it to fiat, store it effortlessly, use payment processors that quickswap to fiat, or even get loans for collateral. >inb4 you sperg out because i mention fiat missing the point entirely
>>61936479>the point isn't to pour all your net worth into gold>the point isn't to pour all your net worth into gold>the point isn't to pour all your net worth into goldreading is hard
>>61936512Almost like BTC can be used as a currency and gold can't
>>61936529this has nothing to do with the argument. Just say you misread what I typed.
>>61936438>My point is unlike bitcoin you can't become the greater fool buy buying physical gold.Of course you can. Don't be silly.
>>61936536Why would I use something that no one wants or trades as an emergency fund? >yes good sir can I please have some good>here's 1 oz of a shiny rock >...what do you mean you don't want it!>ITS FUCKING CONDUCTIVE!Like nigga ur argument is so dumb that canned corn mogs gold by the same metricThere's better ways to be a doomsdaytard, but we're here for financial solutions assuming there isn't total global nuclear war
>>61936302You do realize there is only a limited supply of gold right? You think refineries don’t exist for a reason.
>>61936576No, I actually thought gold was infinite. This changes everything.
>>61936574this has nothing to do with the argument. Just say you misread what I typed.
>>61936642>the point isn't to pour all your net worth into gold but to have a safety net.>safety netI did tho, ur just dumb
>me: the point isn't to pour all your net worth into gold>you: here's why putting all your net worth into gold is badthere is nothing more I can do for you
>>61936664>me: the point isn't to pour all your net worth into goldYou can me this point about anything, yet that doesn't mean that you should invest in that.For example: the point isn't to pour all your net worth into bondsSo should you hold bonds?
>>61936664I addressed your original concern. Your entire argument is predicated on BTC having no fiat valuation, and gold is somehow divorced from the consequences of its fiat valuation. Your argument is ontologically invalid, and I'm not even sure what that word means, but I think its the right one to use.
>>61936769except gold is legitimately a shitty investment
>>61936320god i love the famous 2008 whitepaper called 'BITCOIN A PEER TO PEER STORE OF VALUE SYSTEM'it was supposed to be a currency, and newfags like you destroyed it
>>61936177all finance and speculation is fake.we are here to make money without working nigga, it's all a scam, gold currencies crypto stocks, whatever, if you want something real buy a plot of land.
