Someone explain to me the intrinsic value of bitcoin. And crypto in general
Literally nobody uses it for a currency other than drug dealers and criminals.
The only people who is it are traders who look at it as an investment and who try to make money off of it as if its like a stock.
>rebbit spacing
>still on the "uses it as a currency" meme
>still on the "drug dealers and criminals" meme
>still on the "intrinsic value" meme
holy fuck lmao welcome to 2016, you've missed a lot
you did not answer my question.
You didn't write any questions.
look bud, no one is likely to answer your stupid fucking question. it really is simple to figure out unless you have a sub 70 IQ
>Someone explain to me the intrinsic value of bitcoin
nothing has intrinsic value, everything has either personal value for you or is something that you can use as a means of exchange
>Literally nobody uses it for a currency other than drug dealers and criminals
they don't, most of them moved to monero
>traders who look at it as an investment
and so is gold and stocks
suck dicks and gtfo
basically this. sorry but nobody is going to spoonfeed you anything but scams in these markets. if you want to make money there's no shortcut for DYOR
its got no use, people put money expecting more money, prices goes up you sell prices goes down you buy, simple as that. What keeps it going? initially it was the novelty, now that it wore off the only thing keeping it afloat its all these pumps made by big investment groups and exchanges, also the hope of a new bullrun, which is never gonna happen again of course. Did that answer your question newfag?
what is the point of this stupid fucking thread? you answered your own prompt in the OP. dumbfuck
Digital gold. Look up why gold beat silver, platinum, nickel, etc as a physical store of value. The problem with a physical store of value is it becomes centralized hence bitcoin
Holy shit op is right. I just sold
Another day, another nocoiner thread.
The main use of bitcoin is to free us from wage slavery, redditor.
It’s an asset and currency that has a set supply. Unlike fiat currencies they cant print more btc.
Its similar to why people buy gold. The only difference is it’s far easier to store and buy and sell also the fact that you can transfer it to anyone in the world with ease.
Its safer too, when your house gets robbed the thief will have no use with a hardware wallet. The gold however will be gone
Checked btw
chargeback protection
public ledger (so I can prove I actually did X amount of business, which is very useful in certain markets where there are many scammers, some people have trusted me after seeing a long transaction history dating back to 2015)
its money that you can send anywhere on the planet extremely easily and extremely quickly. it cannot be confiscated, it is not obvious that you have it, and its supply cannot be manipulated by central authorities nor can its transactions. op is a fag.
I'll humor you because you'll still be too retarded to understand anyway but the value in crypto isn't about currency, it's about blockchain infrastructure (triple entry accounting) and the possibilities for smart contracts to remove intermediaries and automate trust in financial instruments. Hence why we're all in chainlink.
Was there ever a time when this board discussed any REAL finance?
REITs?
FX?
Derivatives?
Even stocks?
Commercial real estate?
VC?
Commodities futures?
Metals?
Energy?
Arbitrage trades?
Hedging strategies?
ANYTHING but fucking (((crypto))) daytrading??
its only money while people think its money, the moment faith is lost in crypto its going down the drain. Fiat has the backing of goverments and militaries and centuries of use, even if supply is unlimited, everyone wants the dollarinos even the most stubborn of you cryptofags
Ever heard of /smg/? That covers some of those. . .
I'd like to see more real estate posting but i dont think many people here are into that.
blocks your path
The board was made for crypto containment so... not really. There's always a /smg/ up though. Like many Zig Forums boards it grew to fill a necessary niche. Maybe reddit is more your speed
is her hair bleached?
you know dollars are backed by nothing, right?
whats her onlyfans?
>Its the longest running blockchain and it hasn't had any malfunctions, keeping everyones money safe
>the blockchain itself is designed around trust
>Its worth way more than the dollar and keeps going up, while the dollar keeps going to shit.
What else do you need to know? you basically will need to own bitcoin or some other kind of crypto to not be poor in the future. this isn't gold either.
sauce
Btc has been confiscated by authorities multiple times, the most famous one being silk road
they are backed by the most powerful people in the world who have held control for centuries and if they chose to use crypto as next step in their monetary fraud, they would probably shake you all out in a mega dump first. Also them having unlimited fiat just means they can easily buy all the hashing power, most currently in chinese hands now, and run the chain to the ground. EASY, so no you're not getting rich off btc now, maybe 5 or 6 years ago. I know it sucks
None of those things imply inherent/intrinsic value, just first mover advantage and new technology. My feces are scarce but that doesn’t make them valuable. LINK is tied directly to the INHERENT value of data, hence why it is superior.
Runescape party hats.
End of story.
