I really don't understand why you guys invest in cryptocurrency. There's a new one every few months...

I really don't understand why you guys invest in cryptocurrency. There's a new one every few months. Can you imagine if there's a new version of the US dollar coming out every quarter? And you can't use it without doing a few trades, and when you do you have FOMO of spending it because price is so volatile. It's not money, it's a MLM disguised as "currency".

Attached: 1587223669416.webm (338x870, 1.11M)

That's a man

I agree user
Stocks are a better option for safe long term gains, way better than ‘crypto coins’

I bet you like finguhzznyazzz

I really don't understand why you guys invest in companies. There's a new one every few months. Can you imagine if there's a new version of the Amazon coming out every quarter? And you can't use it without doing a few trades, and when you do you have FOMO of spending it because price is so volatile. It's not a company, it's a MLM disguised as a "company".

Naysayer when public stock trading was in its infancy:

"I really don't understand why you guys invest in companies. There's a new one every few months. Can you imagine if there's a new IPO coming out every quarter? And you can't liquidate it without doing a few trades, and when you do you have FOMO of spending it because price is so volatile. It's not money, it's a MLM disguised as "ownership."

>crypto currencies
>denominated in USD

Really makes me think

Lol I gotta start hitting that fucken refresh

Except companies are real, they exist and produce a good.

I guess you missed the part where people that bought bitcoin and ethereum when it was .25 are fucking rolling now. Or Link when it was .17. This is a dumb fucking question. Investing isn't for you. I think there is a /knitting you can join.

>girl: *exists*
>me: BRUHHHHH TFW NO GF FUUUUUUCK

Relatable check?

because is not a game for pussies

back to twitter check

Bad b8 m8

Attached: bikini-fun-girls-innie-Favim.com-520270.jpg (403x403, 24.22K)

Please explain where cryptocurrency derive their value from except from people thinking it's valuable.
>inb4 it's the same case with regular currency!
no it's not

False equivalency. Companies produce something and they make sense to invest in as they are able to use that capital to reinvest and grow, or pay out shareholders. Currencies are supposed to be relatively stable. I understand that even Euros, Pounds, and Dollars have exchange rates but they are more or less stable. Crypto is extremely volatile and it's exchange rate with something like the USD can be jump all over the place in a matter of weeks, days, hours, even minutes.
Crypto is dumb and by people holding onto it there is an artificial demand of it. Thats why FIAT currencies use inflation, the idea is that if you just hold onto it indefinitely it actually becomes less valuable and not more.
Coca Cola is still going to be selling bottles of coke whether you pay for it with BTC, Link, USD, Euros, or Yuan. Id rather hold the company that makes the product you need than one of the ever growing number of cryptos you use to buy it which just gets exchanged into an actual currency anyway.

except it is
you cannot do anything with a dollar bill
with gold you can create electronics, with diamonds tools
USD value is the collective sentiment behind it

Please refer to this user to educate yourself

Yea that doesn't refute or even relate to my point at all but ok thanks boomer

Most crytpocuredncies will fail because you cannot use them to purchase goods and services. However, there are certain exceptions. For example, you cannot access Chainlink node services without purchasing with LINK tokens. You cannot move LINK tokens around without buying ETH. You cannot utilize ODL without XRP tokens.

>business are the same as money

Attached: raf,750x1000,075,t,fafafa_ca443f4786.jpg (750x1000, 42.29K)

>you cannot do anything with a dollar bill
wrong. you can pay taxes with it. you can pay dollar denominated debt with it. can you take out loans with crypto? no.

there is literally nothing guaranteeing that bitcoin or any other shitcoin does not go to 0.

>can you take out loans with crypto? no.

LMAO you know nothing

Companies are as "real" as cypto. A lot of "companies" are just some branches of real companies that want to try something new or basically want to launder some money, so they create these new companies to do it. 90% of the shops and businesses around the world are open to bankrupt just to get insurance money. This is how business works, the aim is to make money, not to be successful, because being successful doesn't feed you, money does.

While crypto is indeed highly risky, it is arguable to say it is more stable than companies, or "companies". There is also no saying where these coins are heading. Despite several "experts" saying and predicting, it's just guessing. These "experts" invest mostly in stocks because they have some intel that give some kind of guarantee, while crypto does not, you have some random fucks posting tweets here and there but that's about it.

Attached: 1502859823541.jpg (627x626, 47.89K)

>take out a """loan""" in crypto
>use it to do? (nothing except speculate on other crypto)
nice one dumbass

If you cant fifure it out then just stick to boomer tech stocks

>owning a revenue stream is the same as owning a currency whose only way of gaining value is by bringing in bigger fools
okay retard

ETH collaterized loans can get money directly in your bank account dumbass

wow, so you're saying you still need dollars to pay your dollar-denominated debt, dumbass? if you take out a loan collaterized by real estate, are you paying your loan in real estate coins? no. you're still paying back in dollars. the fucking cope.

Who cares about shitcoins? There's only 1 bitcoin and in about a week I'm buying more.

Enjoy your inflated fiat currency and don't forget to keep these cope threads coming.

Kek, stay poor faggot

utility tokens aren't trying to be money. also, we already have dozens of different traditional fiat currencies so who cares if some cryptos are competing to be money?

>wrong. you can pay taxes with it. you can pay dollar denominated debt with it.
And the reason you can do these things is because of the collective sentiment and trust behind the USD. There is no inherent value of a dollar bill besides maybe snorting cocaine. A 1 dollar bill is equally inherently valuable to a 100.
>there is literally nothing guaranteeing that bitcoin or any other shitcoin does not go to 0.
And the same is true of USD. We've seen many currencies fail due to coups, government corruption, natural disasters, genocides, etc. The same could happen with USD. Extremely unlikely, but certainly no guarantee against it. Meanwhile we can guarantee that even in the event of war, famine, and complete civilizational collapse, gold will still conduct electricity and have a place in the world, and diamond will still look brilliant and cut most other materials.

As a lazy entitled millennial who can't afford real estate, it sounds way more hassle free to use easily purchased ETH as collateral rather than real estate. No credit checks needed, and most of us have shit credit. I'm going to bet on my demographic.

They’re 16 aren’t they

There is literally no correlation between what I said and what you said. But it's alright, everyone learns at their speed.

>only way of gaining value is by bringing in bigger fools
You're not wrong here, but do not forget that this applies to everything. Gold is not essential, and there would have zero value if not for "bigger fools" to go crazy after it. I'll explain in terms you'll understand.

The difference between USD or any money for that matter and Crypto is actually quite a lot. Crypto is closer to gold, where it is finite, therefore we can not infinitely produce it. USD is. Let's say all BTC is mined up in the next 10 years, it will be finished and BTC will have a fixed value (to some extent), will the USD be printed enough at that same point in time? No it wouldn't. Therefore, even though both currencies are fixed by the centralized banks, crypto/BTC is more valuable. Hope you understood it.

>utility tokens aren't trying to be money.
...then what are they trying to be

>so who cares if some cryptos are competing to be money?
no one cares. that's why 99% of them are going go 0.

>And the reason you can do these things is because of the collective sentiment and trust behind the USD
the reason you can pay taxes in dollars is because a bunch of guys with guns said you can. not so with any crypto.

>There is no inherent value of a dollar bill besides maybe snorting cocaine
aside from paying taxes, you are not wrong, but that is a big aside. pretty disingenuous to leave that part out and act like it doesn't matter.

>And the same is true of USD
look, i think the USD is going to zero as well, but it has inherent value as long as the american regime exists solely because it is needed to pay taxes and it is needed to pay dollar-denominated debt. other than these two things, yes, it is identical to crypto, but even worse.

saying crypto is valuable because fiat is equally as worthless is still a pretty poor argument for crypto.

Ethereum and Chainlink aren't currencies and aren't trying to be currencies. They have inherent utility within their networks. If you haven't done enough research to figure that out then this thread is a waste of space. You have a complete misconception of that they are trying to do.

welcome to the digital world!

dr;ns

Most of you are all right. Some of you are raised by brainlet boomers. Stay poor.

The short answer is that people do not invest in crypto, they play like poker with the volatile of prices, invest is something to do with a vision for a long term.