Yall are even more retarded than the crypto cultists. Sure, most value is driven up by a bunch of greedy retards overhyping web3 and a replacement for the dollar. But it still has intrinsic value by being a digital store of value in shithole countries that communists can't easily steal. Just like gold's value is not tied to its intrinsic value in manufacturing. Just because you didn't fall for some hawk tuah shit coin doesn't make you smart for shitting on buttcoin. It's like saying hey guys Uber never made a profit, you guys are stupid for making 10x returns and investing in it.
The problem with crypto, which gold doesn't have, is that it depends on government to exist. If you lose internet, power, or simply can't access a computer, it's worth nothing at all.
At least with gold you can bludgeon a checkpost guard or something.
Its a hedge against the more likely scenario where a local government/BLM can arrest or confiscate your house rather than every country in the world losing internet. For americans, gold is probably better. For Venezuelans, buttcoin is better.
Hawk tua coins or ETH being like enron doesnt affect buttcoin being like gold. It is going to go up now and then it will drop and then it will go up again near the halving. Just because ((they)) can manipulate the price a bit with big moves and news cycles doesn't make gold or the s&p 500 a bad investment either. Idgaf if u wanna buy buttcoin, gold, oil stonks or get 5% interest from a bank. Just sick of the doomer mentality of fuck the ((market)) or muh no intrinsic value.
At least make a compelling alternative for crypto. Like if you're an American, buy farmland. If you're in a poor fag nation, learn to code and stick some gold up your ass to hide it from cartel.
Yall are even more retarded than the crypto cultists. Sure, most value is driven up by a bunch of greedy retards overhyping web3 and a replacement for the dollar. But it still has intrinsic value by being a digital store of value in shithole countries that communists can't easily steal. Just like gold's value is not tied to its intrinsic value in manufacturing. Just because you didn't fall for some hawk tuah shit coin doesn't make you smart for shitting on buttcoin. It's like saying hey guys Uber never made a profit, you guys are stupid for making 10x returns and investing in it.
The problem with crypto, which gold doesn't have, is that it depends on government to exist. If you lose internet, power, or simply can't access a computer, it's worth nothing at all.
At least with gold you can bludgeon a checkpost guard or something.
Government does not generate power or maintain internet connection...
Its a hedge against the more likely scenario where a local government/BLM can arrest or confiscate your house rather than every country in the world losing internet. For americans, gold is probably better. For Venezuelans, buttcoin is better.
Ha, yeah, like Enron.
Smartest guy in the room, right here..
Let us know when it's going to go up agian.
Hawk tua coins or ETH being like enron doesnt affect buttcoin being like gold. It is going to go up now and then it will drop and then it will go up again near the halving. Just because ((they)) can manipulate the price a bit with big moves and news cycles doesn't make gold or the s&p 500 a bad investment either. Idgaf if u wanna buy buttcoin, gold, oil stonks or get 5% interest from a bank. Just sick of the doomer mentality of fuck the ((market)) or muh no intrinsic value.
Good for you.
At least make a compelling alternative for crypto. Like if you're an American, buy farmland. If you're in a poor fag nation, learn to code and stick some gold up your ass to hide it from cartel.