Bitcoin having more marketcap than google or amazon makes no sense. Bitcoin produces nothing. It's just wrong
This is not sustainable
this must be the part where bobos cry
Makes money showing us shitty ads and stealing and selling our personal data
What does Google produce again?
An ad service and a slopship company being "worth" more than novel and sound money is the joke
Just one way to tell us you dont get it.
You dont know what money is and you use it daily.
makes profit from selling ads which 100% of people would rather avoid. Long term value is $0 per share as more people figure out how to circumvent seeing ads.
Amazon
middle-man between 3rd world factory slaves and US consoomers. Impressive logistics network gives them somewhat of a moat
slopship
You are talking about the biggest and best international logistics network of the history of the humanity. Your ignorance is showing.
The value is trust.
No one trusts anything anymore and rightfully so!
Don't forget to get your booster mRNA shots!
The most sound asset ever discovered, the system needed to be thought of and assembled, but now it's here. A completely trust-less ledger, circumventing shitty human nature, the ultimate ponzi; a brand new asset class to exploit by the ultra-rich. Bitcoin will be 4 million per in the 2030s and you will be biting your inner cheek because you didn't buy 0.1 for 10.5k.
google maps, google translator, google mail, google playstore, google chrome book, google ai assistant, google search, goofle pixel, google drive, googletv, youtube
WE HAVE TRIED TO TELL YOU IT'S DIGITAL GOLD, NOT A COMPANY, YOU SHOULD HAVE MINED A LONG TIME AGO
no one actually likes any of those "products", they just use them until something better hopefully comes along, Google has negative brand loyalty.
Only maps and translator have a real use and you don't need 3 trillion mcap to run them.
Ai "assistant"
Lmao
The map is the only part that actually produces value these days tbqhwyfamalam
The others are infrastructure and therefore should be nationalized
Bro crypto is literally the future of currency! This is not investment advice.
sound money
bitcoin
can't transact without paying $100
can't mine your own coins unless you own a powerplant and an ASIC warehouse
most of the supply are slowly funneled into Microstrategy
LOL
google or amazon
google and amazon produces nothing to their "investors"
Google and Amazon marketcaps mean nothing. Marketcap isn't a measure of "value" produced, or revenue or whatever. Marketcap is just share prices which are driven by speculation and are subject to the same market influences as bitcoin.
Except there's one major difference. A bitcoin that is purchased can be used as a currency. A Google share purchased is nothing more than a speculative asset.
How many layers of baits are there? You guys are getting good.
Right? I mean I almost fell for that one
And they're using it to churn out material and spiritual poison, Mr dunning
It's the sign of an overinflated, irrational market
It's not "wrong", it's just dumb money, it's happened before and it'll happen again
If you think Bitcoin is overpriced check the market cap of gold. Literal shiny rock.
bitcoin is a force of nature
Go fucking enjoy your retirement already Warren
Bitcoin is a lot more productive and useful than Google or Amazon
Gold having more marketcap than google or amazon makes no sense. Gold produces nothing. It's just wrong
Bitcoin has no purpose, it is a new thing, a trustless intangible ledger, and can be used for new things.
We can use btc for at least two priceless functions:
1) We can encode the price of money into btc via aggregate demand for “economic unit”, in doing so creating a Trustless Price Signal of Money, i.e. THE economic reference point. This massively increases the efficiency of economic calculation.
2) Trustless intangible Store of Value: Physical goods require active force simply to maintain ownership, trust-based assets require trusted third parties to operate them. Storing abstract economic value in either enables negative sum actors to parasite as NSAs can specialize exclusively in force. With a trustless intangible SoV we can guarantee voluntary exchange in-the-limit as btc can be made prohibitively expensive to seize (multi-sig, Shamir backup) and is infinitely more resistant to seizure by default.
Further, while not priceless, BTC will drain abstract economic demand from assets with functional use (land etc) freeing them for productive use.
Bitcoin is a safe and secure store of wealth. What is there not to understand??
It's a commodity with no use value and a deflationary exchange value. Of course people are just going to hold and the price is just going to balloon.
There's nothing right or wrong about it, it's just math really.
The market cap analysis is really the only thing that's misleading here. It represents an inflated measure of the money that is actually in the system, which in truth is no more than the money that will be put in. That is, all bitcoin can do is transfer wealth, it can't create it, and it's going to end up transferring it from the greater fool by nature. This is in contrast to stocks, which pay dividends based off the profit of the company they're attached to.
no use
Tell me you heard about btc after 2017, without saying so: the post
Nigga gold hast 10 times the market cap and it does not produce shit either.
Bitcoin produces nothing.
No shit.
It's a commodity.
It's just wrong
OOOOOOoooooooo you know the bull market is coming when you see this self-defeating moralistic, self-righteous cope. The tears have just begun by those left behind, even though BTC was the only tech that allowed the common nigga to front run institutions and governments. Its gonna be a great 2025. In 2021 the self-righteous cope was energy, in 2025... inequality?? Trump??? Who cares lets get paid.
making money isnt enough for these people they need a moral ego victory
What does Google produce again
Retard
sustainable
The only thing that sustains BTC is the graphic cards.
If people are paying 100k dollars to put a register in a ledger is just their own problem.
The only thing that sustains BTC is the graphic cards
what? kek
Be careful anon
This guy has time travelled from 2013
He might have a genuine freakout seeing what happened to the crypto space, let alone the world
Do you realize no one pays for any of that? People only use it because it's free.
As soon as they require you to pay a competitor will take over market share.
Might actually be a bigger con than crypto.