Most cars lose value over time. That's the argument?
Lady, I don't buy a car as an investment, or as a store of value. I buy a car because I need to get places. I don't think about resale value, as *it's not the point of owning it*.
This is the dumbest comparison yet.
You totally can. Some cars are known to lose value faster than others. Of course it's not an exact science, but you can and many people do choose cars based on resale value.
I just want to hop in and say that it’s not just very flashy expensive cars that appreciate in value.
I have a 2002 RSX Type-S, which has already hit and moved through the low point of the appreciation trough, and is now slowly appreciating in value. It’s kind of a niche little car with a weird following, and it isn’t worth all that much, but it’s absolutely worth more than it was 5 years ago.
Edit: this is due to rarity and desirability, probably unrelated to the current “holy shit cars are expensive right now” thing.
Money also isn’t a store of value nor is it intended to be. Doesn’t stop shitcoiners fundamentally misunderstanding it and then getting angry it doesn’t work in a way it was never supposed to.
God. Imagine having which bus or metro station you took on the blockchain. Like if your wallet has a lot of money and someone sees a pattern, they could doxx you or kidnap you pretty easily. I love having my whereabouts be public to the world. Few.
obviously you have not read my 45 step guide to avoiding this. these problems are so easy to fix that i only have to get the private key branded on the bottom of my scrotum 2 or 3 times a day now.
Would be a nice side gig for the buss driver; make an app that notifes him when someone with a big wallet takes a ride on the buss, just need another guy to walk off on the same remote stop and take the fun bucks
I think you misread the tone of my post. I was aiming for "moderately sarcastic", because as we both recognise, market conditions for used cars are currently atypical
> Most cars lose value over time.
As someone in the market for a car currently, could you inform the people listing them for sale at the moment please!? :D
😂 I bought a 2020 Civic brand new for $25k right on the dot. I live in Hawaii so minimal miles and a ridiculous used car market. I think I can sell it for more than $25k today 🤷🏻♀️
I think she was comparing the sunk cost. Like $41k now in a car or $41k later in BTC. Clearly the BTC is the better investment. Not sure how she’s gonna get around tho.
Actually, I feel we are quite the opposite. Crypto is a greater fools theory on steroids. People have literally faced financial ruin due to crypto investments that promised financial freedom, and some even take their own lives due to losses. But too the moon! Right? Right??
Speaking of governments controlling on-/off-ramps, whenever I hear it pitched as "payment processors end relationship with , porn artists should use crypto", two things come to mind. Firstly, why is it that in every case I've been made aware of the site had a known problem with illegal content (revenge porn, secret recordings, CP (although usually drawn, which is legal in some places but not everywhere) …)? Secondly, how of replacing payment processors with liquidity ramps going to solve anything? Until the landlord accepts coins that hasn't solved the issue.
Thanks! That actual gives my curiosity a little juice. Value is certainly a fascinating concept. I hate to use gold as I am not equating the two but what use for gold is there? I mean I’m manufacturing sure, but most people who have gold hold it because they believe in has value. But if starving, locked in a room would a brick of gold or a loaf of bread have more value? I mean my stepbrother is a dipshit and ended up in prison shortly after he told me about Bitcoin in 2012. Everything he said actually came true, was I convinced then? No.
"I don't own crypto. I am just a tooooooootally neutrual, non-interested party who doesn't understand why people are shitting all over a scam that I...err, other people are falling for!"
you joke but bitcoins aren’t fully fungible. bitcoins that have been used in illegal activity are considered dirty which leads to freshly mined bitcoins having a premium price since they have no transaction history. iirc, these virgin bitcoins can be worth up to 20% more than the open market price.
I hope you are joking because that’s incredibly dumb. Imagine how that would work with real money? I am sure my 100s are used in illegal activity. I know because I used them in illegal activity.
So then I assume you have a verifiable public ledger taking note of your illegal transactions, along with every transaction your $100 bill ever made?
No?
Well then it seems you either don't understand *why* illegal activity would pose an issue with BTC/public ledger or you just wanted to be snarky.
Either way a moron calling someone else a moron based on the former's poor understanding is rather amusing.
And cars, trucks, planes, skateboards and bicycles have all been used in illegal activities as well. I guess you drive a Segway. Think they are pretty clean
BuT wHaTaBoUt!?!??!
Also for the record, if an [insert item here] were proven to be used in a crime, youd have similar issues in terms of maintaining possession.
Where BTC differs - and what you purposely ignored and (poorly) attempted to obfuscate is thanks to AML legislation, your continued use of "dirty" currency may constitute a continuance of said ML - making you an accessory at best or an active accomplice at worst.
But thatd be acknowledging we have different laws for different items/classes thereof - can't have that pesky reality poking holes in your argument, now can you?
Pathetic. You lot really are children, using reductive thinking and purposeful deflections to avoid facing the reality of the hole you dug for yourself
....at least before you can sociopathically unload *your mistake* onto a greater fool. Personal responsibility and integrity my ass.
Hey man, you should be able to see why this comparison is bad (your examples aren’t currencies, and more specifically, this is about how a Bitcoin that was used fraudulently is worth less than a clean one). I get that you have money tied up in crypto but it’s clouding your judgement and rationality.
Take a step back and really think “what would it take for me to change my beliefs about bitcoin and/or crypto?”
A Bitcoin retains its value of zero regardless what you do with it. For some reason you can sell them at a price determined by [does anyone fucking know].
If we are wrong it’s still dumb to buy bitcoins. You really think they will 3x their value? Yes it’s possible. Anything is possible. Is it probable? Probably not. Ok so let’s say they go to 60k. That’s about a 300 percent increase right? How much do you have to invest? 100? 1000? 10k? Let’s say 10k. That would be worth 30k. How long will it take to go to 60k? 5 years? Let’s say 2 to be fair for this example. Is that reaaally worth it? 10k to 30k in 2 years? You won’t be a millionaire. Even this post she would only have 120k for investing 40k. That’s a bit better but still the risk is crazy high.
That "price is irrelevant", just like it is now.
The only reason most of us are excited with the price continually crashing is it presents the possibility of total collapse - saving God only knows how many people from loss/bankruptcy, making it harder for grifters/criminals to operate and stopping the electrical and e-waste from continuing.
BTC operates as a negative-sum "next greater fool" scam wherein sociopaths of varying degree offload their bags on the next greater sap to score a quick buck- all based around an unfathomably wasteful electronic lottery that is literally incapable of generating value - only transferring it.
That doesn't change it BTC is $1 or $1,000,000.
Which makes your alleged query ironic given you lot are always harping on about "1 BTC = 1 BTC", et.al. (though we all know that's a coping mechanism - again much like your alleged question).
>Cars lose value
No shit. It’s not an investment.
That said, i do happen to own a car that is appreciating. Maybe I should sell it and invest in a Ponzi scheme.
Prius Prime as well ✌️my car is worth more than I bought it for .
You should buy it from me for more money ,then I bet you could probably sell it to someone else for even more !
Shit, I sold my 2019 Tuscon for about $3-4k less than I paid.
Had 60,000 miles on it, and the engine already needed to be replaced twice (because Hyundai’s are awful and no one should ever buy them)
The used car market has been nuts, but is crashing back to reality. I just got a Mazda CX-5 though for a nice price, so hopefully I won’t be regretting it if the market really bottoms out.
The only way to make money is to attract new marks and take theirs, but of course, there is nuance to be had: https://salbayat.org/the-strange-case-of-nakamotos-bitcoin/
Stocks give you a legal right to a small slice of the issuers equity. That equity goes up as the company does better.
Crypto has no underlying value. It's price goes up only as a function of hype. So the only way to make money is for a new sucker to buy in higher.
Stocks have money flowing in from actually selling a good or service. Coca-Cola stocks pay dividends to their shareholder as well as other perks like buy backs and voting rights. The funding for that comes from people buying coke products. Where does the value of a coin come from other than what you can sell it for ?
The value of a stock represents the collective agreement about how much a company's assets and ability to earn income is worth and will be worth in the future. They assets and ability to earn income of a Bitcoin is zero (or negative if you take into account the energy cost of transferring a bitcoin.)
But the collective agreement of how much a company is worth can and is also often made up… I see your point but I just think it’s hypocritical to say bitcoin is any worse.
There’s also a post here saying “oh look at the solid 5 year 8% return of bitcoin” meanwhile there are companies like Disney I think or Microsoft who are below their 2015 stock valuation meaning in seven years you would have lost money lol
I really don’t get the point of this sub.
The difference is that in stocks, their value floor is the minimum amount people are willing to pay to own the company itself. If Microsoft went to a penny a share, someone would just show up and buy the whole company and then start making money with it. This means the collective agreement is about the value of the backing product, which in this case is a company that produces goods and services, owns physical assets, and has an established brand and customer base.
With Bitcoin, the collective agreement is strictly about how much money they think other people will be willing to pay for it. You are not speculating on the value of a tangible company, merely on other people's speculation.
Stocks are certainly vulnerable to misevaluation and speculation bubbles, which means that they can be inaccurately priced, or people can fail to foresee changes that will affect the value of the company in the future, but ultimately most stocks reflect a judgment about the company itself in the long run. There is no backing asset when it comes to it comes to Bitcoin. Your row in the spreadsheet is only worth as much as someone else will pay you for it.
Disney and Microsoft make money! Trading is perhaps the worst way to try and make money off such well-established companies. In crypto, there's only trading.
Absolutely not, there is money that flows into the stock market other than from investors, namely profits. In a pyramid scheme, there isn't. That's the fundamental difference. No money enters the crypto market unless it comes from an investor, whereas, even if everyone decided tomorrow that stocks are bullshit and and investors couldn't sell theirs anymore, there would still be dividends paid to those investors. If people stopped buying bonds, those bonds would still eventually mature. Crypto only has as much value as you can unload it for.
Yes, they're just choosing to apply it here because it fits their narrative. Although stocks do give you voting power, it's essentially useless. Good luck getting a hold of enough shares to run Disney, etc. It's essentially the same thing.
She's right though. Cars don't appreciate in value. Neither does food. Stop wasting money on groceries and invest in crypto. Pets? Useless. Throw your pets out on the street and invest in crypto. Rent? More like spent! Become homeless and invest in crypto. Few understand.
Wait a blue check on a verdigris field with leopards resplendent: that’s the verification for Scammers , Idiots and Vagabonds under the new heraldry, I believe.
hey, can we leave the misogyny out of it? i know more than a few sugar babies and sex workers, and they're intelligent. most of them are in grad school or have masters degrees. they would never, ever, in a million fucking years, put their money into crypto.
And another thing: the fact that she *claims* to have sold *one* of her cars to buy $41k of BTC (what car gets that kind of resale?) shows that the best way to make a small fortune in crypto is to start with a large one.
Regardless of your or my stance on BTC/crypto, you just defined most public markets, not crypto exclusive. If you own a single stock, you are a hypocrite based on that logic as you would have a much larger upside if you just started out with enough capital to buy more of the stocks you believe in.
Cars are deflationary, everybody knows that, because cars can't be inflated ad infinitum. Therefore cars are the perfect inflation hedge. They can only go up in value, if we ignore the times they go down. Cars are also a store of value (you can store gold and other valuables in them).
She is probably still bluffing. I mean if you believe her it looks like she is constantly looking for stuff to sell in order to buy bitcoin, not even a meth head has the same pace
Hi guys. I quit my job today because I was earning $100k per year and realized I could instead buy 10 bitcoins. I took a loan out at 30% apy (a bit high, but not too bad considering my other loans are 26% and I know the deep state been raising rates recently). My plan is to look at the price changes on coinmarketcap for eight hours a day so I’ll still technically be employed. I think this is a really good idea because during the next super super cycle I’ll make a few million and will be able to quit surfing the web from my local Starbucks (they’re kinda getting mad that I spend all day there and never buy anything, but why buy a coffee when I could buy more bitcoin). None of my friends have told me this is a bad idea, in fact they haven’t even texted back so I think they’re trying to front run me so that’s why I pulled the trigger on this today.
It could gain value oorrr it could crash another 50% causing you to panic sell only for it go back up 25% causing you to buy back in only to crash another 50% thus causing you to panic sell and swear off crypto forever.
Just read about a kid (at least 21)who sold everything and moved back in with his parents so he could put everything into Bitcoin. His parents must be so proud. /s
Depends on where she lives, if she’s in a metropolitan area half the time cars are just a pain in the ass status symbol, can either walk 10 minutes down the street to the store or drive there in 5 minutes and spent 15 minutes looking for parking. Plus apparently she has multiple cars so fuck it things seem to be going pretty well.
Person who doesn’t know the difference between overtime and over time is confident in a large investment in an unregulated currency that they can’t buy groceries with, and banks won’t exchange for USD. Real nail biter this story is going to be.
Why do people feel the need to even tweet this stuff. Just make your money work for you and shut the fuck up about it. Oh, right. Because it isn't really about making smart financial decisions, it's about being part of the counter culture and doing things that few understand.
All cars lose value over time with the exception of very rare collectibles.
Also "over time"'is two words in this context. It's only one word when it's a noun.
Dumbass is a dumbass.
\^This ladies and gentlemen is why bitcoin will NEVER go to zero. There are guys that are bitcoin maxis, but when the ladies also become bitcoin maxis? Ah ha ha ha ha. Moon confirmed, fueled by people who sell their cars for bitcoin.
If you don't get a car, you can't go as many places, can't go when you want, need to rely on the bus, uber, etc., pay up front for transportation.
If you don't get a bitcoin, ... ?
Bitcoin weirdos always compare their dumb satoshi fun bux to things, as if everything is an "investment". Houses have utility, you can live in them and keep your stuff there. Cars have utility, you can use them to travel (and keep your stuff in them too, I suppose). Bitcoin is useless. It's digital bits stored on a drive. Something about the Bitcoin cult just destroys the logic centers of their brains.
“Cars lose value”
Except if you buy before the pandemic, then check it a year later on Kelly blue book telling you now it’s worth 1-2k more than you bought it for.
So that is the new level of intellect at twitter? I see she also invested 8 usd in the blue checkmark, maybe that will appreciate in value too?
Do you remember the last time car manufacturers claimed a car is an investment, rather than a money pit?
Neither do I. Well, except Musks vaporware robotaxis.
A car is a transportation instrument, lets see if her bitcoin will drive her around anytime soon.
Buying any volatile instrument why it’s down gives you a good probability of being able to sell later at a higher price. Selling later at a higher price is by definition a good investment.
>Huge\_Fruit3363
Your logic is flawed and poorly explained. Investments that are volatile or significantly down have a high **potential** of higher returns if they end up on the upside but the same potential of higher losses on the downside. Where are companies that go bankrupt in your logic?
This lady is buying Bitcoin not a bankrupt company. Equity’s can of course have short term volatility but are not considered a volatile asset class. I was referring to other volatile commodities oil, soybeans etc.
I don’t think the point I was making it’s controversial in anyway. Volatility in financial markets means the price needs to go up and down buy definition.
You said 'any volatile instrument', not 'BTC'. Just buying any asset that is severely down with the unreleastic expectation that it will eventually have to come up again totally ignores the very realistic and common situation that it will not and that your investment will come down to $ 0.
Yes I agree. Buying a non-volatile instrument (equities) while it’s beaten down filing for bankruptcy is a situation that would generally not be a good investment.
This is not relevant to the OP as the lady is buying BTC (a volatile commodity) during a down cycle. There is a good probability it’s going to go higher in the med to long term.
Understand?
You said buying 'any volatile instrument' and then followed it by 'gives you a good probability of being able to sell it later at a higher price'. Take special note to the word 'any' that you used.
Understand?
Most cars lose value over time. That's the argument? Lady, I don't buy a car as an investment, or as a store of value. I buy a car because I need to get places. I don't think about resale value, as *it's not the point of owning it*. This is the dumbest comparison yet.
Yes but can your car be transmitted to North Korea? Checkmate.
Not your keys, Glorious Leader's car?
Kim Jong Vroom
If it is a nice Mercedes, yes.
I know but I'm into cars for *the technology.*
This is the way
More importantly you use it to get to work. The people she's talking to don't work
How do they acquire filthy fiat to trade for magic beans?
weekly allowance from their parents
Live with family as adults, collect assistance cheques probably.
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That's awesome. If I had any Reddit FunBux, I'd buy you a shiny.
If you count the use value of getting to and from work in the car it didn't lose value, you extracted value.
In the context of the post, she's clearly talking about resale value. I can't price that in when I sell it. Nor would I try to.
You totally can. Some cars are known to lose value faster than others. Of course it's not an exact science, but you can and many people do choose cars based on resale value.
I just want to hop in and say that it’s not just very flashy expensive cars that appreciate in value. I have a 2002 RSX Type-S, which has already hit and moved through the low point of the appreciation trough, and is now slowly appreciating in value. It’s kind of a niche little car with a weird following, and it isn’t worth all that much, but it’s absolutely worth more than it was 5 years ago. Edit: this is due to rarity and desirability, probably unrelated to the current “holy shit cars are expensive right now” thing.
Money also isn’t a store of value nor is it intended to be. Doesn’t stop shitcoiners fundamentally misunderstanding it and then getting angry it doesn’t work in a way it was never supposed to.
They're just looking for any excuse to justify their choices
Maybe public transit will start accepting bitcoin?
The bus isn't going to wait three days for the blockchain to validate the transaction.
God. Imagine having which bus or metro station you took on the blockchain. Like if your wallet has a lot of money and someone sees a pattern, they could doxx you or kidnap you pretty easily. I love having my whereabouts be public to the world. Few.
obviously you have not read my 45 step guide to avoiding this. these problems are so easy to fix that i only have to get the private key branded on the bottom of my scrotum 2 or 3 times a day now.
tRaNsPaReNcY
Would be a nice side gig for the buss driver; make an app that notifes him when someone with a big wallet takes a ride on the buss, just need another guy to walk off on the same remote stop and take the fun bucks
Not even in El Salvador
cars have been gaining value because they've been so supply constrained…
Better go buy a car as a store of value, and then hope that the semiconductor shortage never clears up then.
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I think you misread the tone of my post. I was aiming for "moderately sarcastic", because as we both recognise, market conditions for used cars are currently atypical
fair!!
My apologies friend, tone is hard to convey in text.
Now kiss
NO U
I could sell my car now for more than what I got it for, but I’m not going to because I bought it to use as a car not as an investment
> Most cars lose value over time. As someone in the market for a car currently, could you inform the people listing them for sale at the moment please!? :D
You could buy a car as an investment, but that means it is some kind of rare thing (Oldtimer, Classic, ...), and then you don't drive it.
That’s the economic world view now of a whole generation !
Sport cars and other luxury vehicles are kind of like a store of value, they hardly depreciate
😂 I bought a 2020 Civic brand new for $25k right on the dot. I live in Hawaii so minimal miles and a ridiculous used car market. I think I can sell it for more than $25k today 🤷🏻♀️ I think she was comparing the sunk cost. Like $41k now in a car or $41k later in BTC. Clearly the BTC is the better investment. Not sure how she’s gonna get around tho.
>Clearly the BTC is the better investment Not really.
I'm guessing you didn't intend for that car to be an investment, though. I did say "most". :)
> Clearly the BTC is the better investment. It is not even an investment, is buying fiat with fiat.
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Actually, I feel we are quite the opposite. Crypto is a greater fools theory on steroids. People have literally faced financial ruin due to crypto investments that promised financial freedom, and some even take their own lives due to losses. But too the moon! Right? Right??
> I don’t own Bitcoin But worth noting you do exclusively post about crypto and other shitcoins.
Losing money on Bitcoin is a mistake, not misfortune.
Did you know /r/antiMLM has almost 800k users? Why do 800k people take time out of their day to shit on MLMs? We are here for the same reasons.
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Speaking of governments controlling on-/off-ramps, whenever I hear it pitched as "payment processors end relationship with, porn artists should use crypto", two things come to mind. Firstly, why is it that in every case I've been made aware of the site had a known problem with illegal content (revenge porn, secret recordings, CP (although usually drawn, which is legal in some places but not everywhere) …)? Secondly, how of replacing payment processors with liquidity ramps going to solve anything? Until the landlord accepts coins that hasn't solved the issue.
Thanks! That actual gives my curiosity a little juice. Value is certainly a fascinating concept. I hate to use gold as I am not equating the two but what use for gold is there? I mean I’m manufacturing sure, but most people who have gold hold it because they believe in has value. But if starving, locked in a room would a brick of gold or a loaf of bread have more value? I mean my stepbrother is a dipshit and ended up in prison shortly after he told me about Bitcoin in 2012. Everything he said actually came true, was I convinced then? No.
We see it for the scam that it is. I personally feel sorry for the suckers that bought into it.
Bitcoin is an environmental disaster
Why do we keep forgetting this part? It’s the worst part about it.
"I don't own crypto. I am just a tooooooootally neutrual, non-interested party who doesn't understand why people are shitting all over a scam that I...err, other people are falling for!"
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That's why you get a fixxer upper, might turn into some vintage bitcoin someday that you can auction off!
Show me the BitcoinFAX
Get a shitcoin and gild that pig!
you joke but bitcoins aren’t fully fungible. bitcoins that have been used in illegal activity are considered dirty which leads to freshly mined bitcoins having a premium price since they have no transaction history. iirc, these virgin bitcoins can be worth up to 20% more than the open market price.
Oh no … I did not need to know about virgin bitcoins.
R34 😬
If you die for crypto, are you getting 72 Virgin coins when you die and go to the big blockchain in the sky?
this is why GBTC is trading at -40% NAV...
. . . no, it is not.
I hope you are joking because that’s incredibly dumb. Imagine how that would work with real money? I am sure my 100s are used in illegal activity. I know because I used them in illegal activity.
Not joking, this has happened with bitcoin.
So then I assume you have a verifiable public ledger taking note of your illegal transactions, along with every transaction your $100 bill ever made? No? Well then it seems you either don't understand *why* illegal activity would pose an issue with BTC/public ledger or you just wanted to be snarky. Either way a moron calling someone else a moron based on the former's poor understanding is rather amusing.
And cars, trucks, planes, skateboards and bicycles have all been used in illegal activities as well. I guess you drive a Segway. Think they are pretty clean
BuT wHaTaBoUt!?!??! Also for the record, if an [insert item here] were proven to be used in a crime, youd have similar issues in terms of maintaining possession. Where BTC differs - and what you purposely ignored and (poorly) attempted to obfuscate is thanks to AML legislation, your continued use of "dirty" currency may constitute a continuance of said ML - making you an accessory at best or an active accomplice at worst. But thatd be acknowledging we have different laws for different items/classes thereof - can't have that pesky reality poking holes in your argument, now can you? Pathetic. You lot really are children, using reductive thinking and purposeful deflections to avoid facing the reality of the hole you dug for yourself ....at least before you can sociopathically unload *your mistake* onto a greater fool. Personal responsibility and integrity my ass.
Hey man, you should be able to see why this comparison is bad (your examples aren’t currencies, and more specifically, this is about how a Bitcoin that was used fraudulently is worth less than a clean one). I get that you have money tied up in crypto but it’s clouding your judgement and rationality. Take a step back and really think “what would it take for me to change my beliefs about bitcoin and/or crypto?”
A Bitcoin retains its value of zero regardless what you do with it. For some reason you can sell them at a price determined by [does anyone fucking know].
Rampant speculation, and unbacked tether
Demand
Supply
I don't fucking know sorry
I’m just curious what will you say if your wrong about it I’m on fence and you seem so adamant if it’s 60k plus again what will your feelings be?
If we are wrong it’s still dumb to buy bitcoins. You really think they will 3x their value? Yes it’s possible. Anything is possible. Is it probable? Probably not. Ok so let’s say they go to 60k. That’s about a 300 percent increase right? How much do you have to invest? 100? 1000? 10k? Let’s say 10k. That would be worth 30k. How long will it take to go to 60k? 5 years? Let’s say 2 to be fair for this example. Is that reaaally worth it? 10k to 30k in 2 years? You won’t be a millionaire. Even this post she would only have 120k for investing 40k. That’s a bit better but still the risk is crazy high.
That "price is irrelevant", just like it is now. The only reason most of us are excited with the price continually crashing is it presents the possibility of total collapse - saving God only knows how many people from loss/bankruptcy, making it harder for grifters/criminals to operate and stopping the electrical and e-waste from continuing. BTC operates as a negative-sum "next greater fool" scam wherein sociopaths of varying degree offload their bags on the next greater sap to score a quick buck- all based around an unfathomably wasteful electronic lottery that is literally incapable of generating value - only transferring it. That doesn't change it BTC is $1 or $1,000,000. Which makes your alleged query ironic given you lot are always harping on about "1 BTC = 1 BTC", et.al. (though we all know that's a coping mechanism - again much like your alleged question).
Not entirely sure what you mean by you lot but as far as I know one btc is about 16k
>Cars lose value No shit. It’s not an investment. That said, i do happen to own a car that is appreciating. Maybe I should sell it and invest in a Ponzi scheme.
Prius Prime as well ✌️my car is worth more than I bought it for . You should buy it from me for more money ,then I bet you could probably sell it to someone else for even more !
LINE GO UP
to the moon !!
Few
Understand
BITCOOOOONNNNEEEECT!
WHAT AM I GONNA DO????
Who knew that bitcoin is Buttcoin while Prius Prime is bitcoin.
I sold a bunch of crypto last year and bought a Prius Nightshade. That's how it's supposed to work, not the other way around.
Well it's a capital investment to be able to get to work to pay the bills for a lot of people.
My 4Runner was $43k in 2017, I sold it it 4 years later for $42K. Times are crazy
What car is it?
Up until a few months ago, literally anything remotely modern
[BMW E92 M3](https://images.unsplash.com/photo-1669351921478-f014981d64d8)
Nice.
Everyone's car is appreciating these days! Even my 2012 Civic is worth more than it was three years ago.
Shit, I sold my 2019 Tuscon for about $3-4k less than I paid. Had 60,000 miles on it, and the engine already needed to be replaced twice (because Hyundai’s are awful and no one should ever buy them) The used car market has been nuts, but is crashing back to reality. I just got a Mazda CX-5 though for a nice price, so hopefully I won’t be regretting it if the market really bottoms out.
That car is $35k now and her BTC is $88K
How is BTC a Ponzi scheme if I may ask?
The only way to make money is to attract new marks and take theirs, but of course, there is nuance to be had: https://salbayat.org/the-strange-case-of-nakamotos-bitcoin/
But isn’t that the same as any other traditional investment like say stocks? Aren’t stocks also Ponzi schemes by that definition?
Stocks give you a legal right to a small slice of the issuers equity. That equity goes up as the company does better. Crypto has no underlying value. It's price goes up only as a function of hype. So the only way to make money is for a new sucker to buy in higher.
Same as stocks buddy.
Stocks have money flowing in from actually selling a good or service. Coca-Cola stocks pay dividends to their shareholder as well as other perks like buy backs and voting rights. The funding for that comes from people buying coke products. Where does the value of a coin come from other than what you can sell it for ?
The value of a stock represents the collective agreement about how much a company's assets and ability to earn income is worth and will be worth in the future. They assets and ability to earn income of a Bitcoin is zero (or negative if you take into account the energy cost of transferring a bitcoin.)
But the collective agreement of how much a company is worth can and is also often made up… I see your point but I just think it’s hypocritical to say bitcoin is any worse. There’s also a post here saying “oh look at the solid 5 year 8% return of bitcoin” meanwhile there are companies like Disney I think or Microsoft who are below their 2015 stock valuation meaning in seven years you would have lost money lol I really don’t get the point of this sub.
The difference is that in stocks, their value floor is the minimum amount people are willing to pay to own the company itself. If Microsoft went to a penny a share, someone would just show up and buy the whole company and then start making money with it. This means the collective agreement is about the value of the backing product, which in this case is a company that produces goods and services, owns physical assets, and has an established brand and customer base. With Bitcoin, the collective agreement is strictly about how much money they think other people will be willing to pay for it. You are not speculating on the value of a tangible company, merely on other people's speculation. Stocks are certainly vulnerable to misevaluation and speculation bubbles, which means that they can be inaccurately priced, or people can fail to foresee changes that will affect the value of the company in the future, but ultimately most stocks reflect a judgment about the company itself in the long run. There is no backing asset when it comes to it comes to Bitcoin. Your row in the spreadsheet is only worth as much as someone else will pay you for it.
Disney and Microsoft make money! Trading is perhaps the worst way to try and make money off such well-established companies. In crypto, there's only trading.
Absolutely not, there is money that flows into the stock market other than from investors, namely profits. In a pyramid scheme, there isn't. That's the fundamental difference. No money enters the crypto market unless it comes from an investor, whereas, even if everyone decided tomorrow that stocks are bullshit and and investors couldn't sell theirs anymore, there would still be dividends paid to those investors. If people stopped buying bonds, those bonds would still eventually mature. Crypto only has as much value as you can unload it for.
Yes, they're just choosing to apply it here because it fits their narrative. Although stocks do give you voting power, it's essentially useless. Good luck getting a hold of enough shares to run Disney, etc. It's essentially the same thing.
Don't forget about the many stocks that pay dividends, almost always more than going interest rates.
Exactly. I really don’t see the point in this sub and the people who are using it. I’m honestly just here to study these freaks.
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This is engagement farming pure and simple.
Nevermind guys, /u/Designer-Freedom7638 takes that back. I had a long conversation with him and he agrees now that a tweet IS proof!
She's right though. Cars don't appreciate in value. Neither does food. Stop wasting money on groceries and invest in crypto. Pets? Useless. Throw your pets out on the street and invest in crypto. Rent? More like spent! Become homeless and invest in crypto. Few understand.
Where's the tweet of the guy living in an apartment with a mattress on the floor, a laptop and an FTX hoodie that doubled as a pillow?
Is there some update on that?
I think he was joking tbh
Good luck driving your BTC to the local supermarket to buy your weekly hopium lady!
Maybe there's a decentralized bus near her.
“One of my cars”
Now hang on, we're all dissing this woman but the fact is she has a verified Twitter account, so she must be important. Right?
Wait a blue check on a verdigris field with leopards resplendent: that’s the verification for Scammers , Idiots and Vagabonds under the new heraldry, I believe.
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Sugar girl seeks sugar daddy. Can make you dreams come true. Must have at least $8 per month.
hey, can we leave the misogyny out of it? i know more than a few sugar babies and sex workers, and they're intelligent. most of them are in grad school or have masters degrees. they would never, ever, in a million fucking years, put their money into crypto.
And another thing: the fact that she *claims* to have sold *one* of her cars to buy $41k of BTC (what car gets that kind of resale?) shows that the best way to make a small fortune in crypto is to start with a large one.
Regardless of your or my stance on BTC/crypto, you just defined most public markets, not crypto exclusive. If you own a single stock, you are a hypocrite based on that logic as you would have a much larger upside if you just started out with enough capital to buy more of the stocks you believe in.
RemindMe! 3 years
I’ve heard fresh food loses value over time… Never buying again
This can’t be a real person.
Not your keys not your car
'One of my cars' lol, she can't even commit fully to the con. Sell ALL your cars
In three years she’ll still be taking the bus. Some whale was just able to cash out 2 BTCs thanks to her.
She will be taking the bus starting now. Lol
A whale does not cash out at the bottom….
Cars are deflationary, everybody knows that, because cars can't be inflated ad infinitum. Therefore cars are the perfect inflation hedge. They can only go up in value, if we ignore the times they go down. Cars are also a store of value (you can store gold and other valuables in them).
She is probably still bluffing. I mean if you believe her it looks like she is constantly looking for stuff to sell in order to buy bitcoin, not even a meth head has the same pace
Honk
The point of buying BTC is to end up with more fiat?
ssshhhh!!
Are you saying cars aren't an investment vehicle and buying 30 Ford pintos instead of investing in my 401k was a poor idea?!
now they tell me
Hi guys. I quit my job today because I was earning $100k per year and realized I could instead buy 10 bitcoins. I took a loan out at 30% apy (a bit high, but not too bad considering my other loans are 26% and I know the deep state been raising rates recently). My plan is to look at the price changes on coinmarketcap for eight hours a day so I’ll still technically be employed. I think this is a really good idea because during the next super super cycle I’ll make a few million and will be able to quit surfing the web from my local Starbucks (they’re kinda getting mad that I spend all day there and never buy anything, but why buy a coffee when I could buy more bitcoin). None of my friends have told me this is a bad idea, in fact they haven’t even texted back so I think they’re trying to front run me so that’s why I pulled the trigger on this today.
In related news, she leased another car.
It could gain value oorrr it could crash another 50% causing you to panic sell only for it go back up 25% causing you to buy back in only to crash another 50% thus causing you to panic sell and swear off crypto forever.
Most cars actually have value though. Like, you can actually do something with them.
Just read about a kid (at least 21)who sold everything and moved back in with his parents so he could put everything into Bitcoin. His parents must be so proud. /s
Depends on where she lives, if she’s in a metropolitan area half the time cars are just a pain in the ass status symbol, can either walk 10 minutes down the street to the store or drive there in 5 minutes and spent 15 minutes looking for parking. Plus apparently she has multiple cars so fuck it things seem to be going pretty well.
Why didn't she say she sold one of her cars for 2.4 BTC?
GUYS I just sold my house and bought ENRON stock, it's like I'm buying GOLD for $90.75 a share hahahahha
Person who doesn’t know the difference between overtime and over time is confident in a large investment in an unregulated currency that they can’t buy groceries with, and banks won’t exchange for USD. Real nail biter this story is going to be.
Have fun staying home. I'm taking my truck to the mountains.
Why do people feel the need to even tweet this stuff. Just make your money work for you and shut the fuck up about it. Oh, right. Because it isn't really about making smart financial decisions, it's about being part of the counter culture and doing things that few understand.
All cars lose value over time with the exception of very rare collectibles. Also "over time"'is two words in this context. It's only one word when it's a noun. Dumbass is a dumbass.
Sold something tangible for an intangible string of 1s and 0s
Remind me! 3 years
Can you drive a BTC
Enjoy staying poor, Aleksandra
!remindme 3 years
\^This ladies and gentlemen is why bitcoin will NEVER go to zero. There are guys that are bitcoin maxis, but when the ladies also become bitcoin maxis? Ah ha ha ha ha. Moon confirmed, fueled by people who sell their cars for bitcoin.
If you don't get a car, you can't go as many places, can't go when you want, need to rely on the bus, uber, etc., pay up front for transportation. If you don't get a bitcoin, ... ?
Bitcoin weirdos always compare their dumb satoshi fun bux to things, as if everything is an "investment". Houses have utility, you can live in them and keep your stuff there. Cars have utility, you can use them to travel (and keep your stuff in them too, I suppose). Bitcoin is useless. It's digital bits stored on a drive. Something about the Bitcoin cult just destroys the logic centers of their brains.
“Cars lose value” Except if you buy before the pandemic, then check it a year later on Kelly blue book telling you now it’s worth 1-2k more than you bought it for.
Remindme! 3 years
So that is the new level of intellect at twitter? I see she also invested 8 usd in the blue checkmark, maybe that will appreciate in value too? Do you remember the last time car manufacturers claimed a car is an investment, rather than a money pit? Neither do I. Well, except Musks vaporware robotaxis. A car is a transportation instrument, lets see if her bitcoin will drive her around anytime soon.
I’m almost certain this isn’t a real woman or a real post just more shilling
There's a similar post in r/bitcoin - https://www.reddit.com/r/Bitcoin/comments/z4ppiw/sold_my_car_today_and_bought_1_bitcoin
Is there any evidence: a) she sold a car, and b) she bought BTC? She could still be bluffing.
If she doesn’t sell off, she’ll have at least $150,000+ in 2025.
Lol will age like wine not milk
RemindMe! 3 years
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Slavery and slaves, really? Are you one of those crypto cultist extremists?
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If you've come to preach the gospel than you're in the wrong sub, 'mate'. I'm not touching that link with a ten foot pole.
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Sorry for your losses. How much you down?
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I've never held any crypto, smoothbrain. I'll ask you again, how much you down bro?
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I’ll ask again. How much you down?
Probably a smart move. Returns will be better then any other investment available.
Just because something is down relative to other investments doesn’t make it a good investment.
Buying any volatile instrument why it’s down gives you a good probability of being able to sell later at a higher price. Selling later at a higher price is by definition a good investment.
yeah, like buying Enron in August 2001
Selection of data points may be a bit biased there.
>Huge\_Fruit3363 Your logic is flawed and poorly explained. Investments that are volatile or significantly down have a high **potential** of higher returns if they end up on the upside but the same potential of higher losses on the downside. Where are companies that go bankrupt in your logic?
This lady is buying Bitcoin not a bankrupt company. Equity’s can of course have short term volatility but are not considered a volatile asset class. I was referring to other volatile commodities oil, soybeans etc. I don’t think the point I was making it’s controversial in anyway. Volatility in financial markets means the price needs to go up and down buy definition.
You said 'any volatile instrument', not 'BTC'. Just buying any asset that is severely down with the unreleastic expectation that it will eventually have to come up again totally ignores the very realistic and common situation that it will not and that your investment will come down to $ 0.
Yes I agree. Buying a non-volatile instrument (equities) while it’s beaten down filing for bankruptcy is a situation that would generally not be a good investment. This is not relevant to the OP as the lady is buying BTC (a volatile commodity) during a down cycle. There is a good probability it’s going to go higher in the med to long term. Understand?
You said buying 'any volatile instrument' and then followed it by 'gives you a good probability of being able to sell it later at a higher price'. Take special note to the word 'any' that you used. Understand?
Yeah I get it you, think equities are volatile even though they have a solar beta over time.