Stocks in principle are used to represent ownership of a company. Companies sell things, and should provide returns, if nothing else as their assets grow due to profits.

Real estate, while it does not grow exactly, is needed for almost everything else. People need places to live, places to grow food and other crips, places to build schools and factories and restaurants and so on.

You're right that gold is the same as crypto currency though. It's valuable because we have all decided that it is valuable.

I have no idea what you mean by credit cards. That is not an investment. 😅

Yes, more financialization, more speculation, more debt leveraging. Fuck anyone who comes after my initial investment.

As long as I get mine amirite? We're all doing it. Right?

The fundamental insight that created capitalism and, in turn, socialism is that gold is not wealth, gold is what you use to trade wealth, which is ultimately the eponymous means of production.

BTC didn't make a single penny of wealth. It's just a different currency in a world with thousands. BTC actually decreases the wealth of the world by wasting effort and production on a solved problem.

You're literally 250 years behind the curve set by The Wealth of Nations. It can be individually profitable to stick your wealth into BTC just as it can be individually profitable to trade 4X, but at the end of the day all the people with real money own businesses and land.

Not that they were right to think "money" is a zero sum game. You're ultimately just both arguing that trading the shiny rocks is what creates value.

We're talking about Bitcoin (which has no intrinsic value/usefulness) here. I didn't realize that wasn't clear, so I have now edited my comment to clarify that

More gibberish; there are plenty of reasons for crypto currency to continue to gain value.

Yes, cryptocurrency in general. Not Bitcoin specifically, the most antiquated, slowest, least sustainable one there is (you know, given that it was the first, unlike newer cryptocurrencies which were able to learn from its mistakes and make technological advancements, such as not requiring the power of an entire nation just to run them, and not taking some multiple of 10 minutes before the cashier can finally give you your coffee)

Who cares? You and all cryptobros are still people who will never have even a quarter of what the average baby boomer had at their age, like 7+ children, a home at 19 years old, economic stability, or at least a happy family of four without a college degree. Why? Are they smarter, work harder, or what?

And if they do, they're just holding them warm for when the Mexican Cartels and bigger countries like China come to take everything they have. Rightfully so too. They suck, they deserve it for supporting a currency that empowered organized crime the most.

National governments are creating digital cryptocurrencies.

This matters a lot more than all that other shit.

Once something gets government backing there's a guarantor of value for the currency because there will always be an entity that will accept it as payment (taxes, fees, fines, etc). That same entity is also capable of incredible amounts of violence, and can kidnap or even kill people who don't pay those taxes, fees, fines, etc etc.

The problem with Bitcoin, or any independent crypto that isn't created by a government backer, is that it only has value because people agree that it has value - they can change their minds whenever they want, and they can't really enforce the value at the end of a gun.

When a government says a currency has value, they aren't likely to change their minds and can shoot you if you disagree.