/biz/ - Business & Finance

>>6333614

20 trillion. I understand this will massively discredit me in your eyes, but trust me. Crypto has every quality needed to become a speculative bubble, for that reason it is MORE sustainable in its growth, there are no employee wages and quarterly earnings reports. In a free market speculative bubbles get BIGGER not smaller.

>>6333650

I put away a certain amount of Monero every month into a separate Trezor address. Never planning to sell it.

>>6333663

Yes.

Also one more thing, tonight I'm going to be having supper at a restaurant with an executive from CLS, I will ask one question for you guys. What do you want me to ask?

>>6333464

The money about to enter crypto is money that is slow and hesitant normally, hence they haven't entered in crypto 6 months, as more and more money pours into BTC/ETH there will be more and more inventive to hold those coins. Likewise these people have experience investing and they won't trust buying any brand new projects. ICOs profit most when the market begins to stagnate and people want something new. Start buying ICOs again in 6 months (late summer).

>>6333405

I am not in the advertising sector, but personally I am skeptical of any big partnerships between prominent Youtubers and BAT because Google/YT will apply a lot of pressure to prevent this. But I am not an expert on the subject.

>>6333353

Care to give me an example? I was going to post my Eurostar ticket when I pick it up at the station. What could I post now to prove I am in Brussels?

>>6333238

Don't buy into any ICOs right now. I won't go into detail but just don't do it.

>>6333247

Yes.

>>6333082

The cryptocurrencies have very stable fundamentals (precisely because it's 90% vapourware) which is why market psychology is MORE prominent in cryptocurrencies (lots of banks are rushing to leverage this knowledge right now) as a result the cycles that are more or less present in other markets are amplified in crypto. So as new big money moves into BTC and ETH, 'middle money' that sees BTC and ETH will move into 'secondary bluechips' like ICX and VEN, then the people currently holding VEN will move one rung down etc. See the market as consisting of these cycles.

>>6333112

Still on schedule but the EU moves slower than most places and SWIFT is based in Belgium, and Belgians in particular are renowned for being difficult.

>>6332915

There is a difference between someone who has 10k in crypto and it reaches 500k or even 1MM and someone trying to transfer 500k in a single transaction from their personal checking account. Use critical thinking, if someone is willing to drop 500k into crypto their first time just to 'play around', that means they must have at least 5MM in their checking account, which means they must have at least 25MM invested in hedge funds etc. Yet these people who normally get priority service are being made to wait, people on standby with millions of dollars, crypto is booming so hard right now that these exchanges are literally turning down money because they know the demand is so high. These next 3 weeks are going to see some insane shit.

>>6332962

The rise of DOGE is the biggest evidence of insider trading, the whales have been pumping shitcoins left and right, using DOGE as intermediates between exchanges, expect DOGE to crash soon as they consolidate into the kind of coins Wall Street wants to buy because they know these buyers are coming.

>>6333011

I don't see why it wouldn't be, I know of two VC funds in Switzerland that are interested in LINK, Swisscom isn't one of them, however if these two firms are interested Swisscom could also be interested.

>>6332779

I will be posting some proof tomorrow that I was in Brussels, just because I think there are some people on /biz/ that I would still like to help but who are misled by the influx of people trying to promote their shitcoins and discord groups.

>>6332696

Compare the growth of Bitcoin with the growth of secondary 'blockchain' related projects in 2017. If smart contracts becomes the next bitcoin, do you want to be holding something that goes 10x or something that goes 50x?

>>6332631

Hard to say, the flow of money the next few weeks will be very rapid and will flow into a lot of 'promising' coins and tokens. In the mid-term LINK will go up massively but REQ could initially go up more in the short term simply because as the flood gates open the buyers getting in to the market may be from different sectors. Some will be looking at Paypal 2.0 (REQ) some will be looking at SWIFTNet 3.0 (LINK), if you believe in your project just hold and you'll profit. It's that simple.

>>6332411

The news that I am talking about isn't the 'Q1 mainnet launch'. As long as crypto is bullish LINK will grow faster than it is worth. The key is timing the market so you sell LINK at the peak of LINK & crypto itself which could be a year from now, could be 2 years or 3, what I am talking about is when the smartcontracts become such a powerful buzzword the entire world overestimates their value. When the marketcap for crypto is trillions and LINK is inflated in value.

You guys keep forgetting that LINK's price hasn't even reached an equilibrium with its fundamental value, once that happens the next stop is for the price of LINK to inflate to it's speculative value.

>>6332270

Crypto is a speculative market right now, that means mathematically whatever dividends a coin gives, it's overvalued by 5-10x that amount. People don't realise that if each LINK is worth 10 USD in terms of it's ideal dividend rate, that means the price will shoot up to 50-100. This is the common mistake made by autists who are good at crunching the numbers but don't understand market psychology. We are experiencing a rush of buyers, a token that provides dividends will be briefly extremely overpriced (KCS is a good example), that's the ideal time to sell. Then six months later buy them when the free market stabilises on a good price.

>>6332388

No. I won't get into in this thread though.

>>6332188

Because once all the info will be released is when I will be selling my LINK. I don't think investing is the right thing for you.

>>6331960

Because when something is a sure thing you go all in, for me LINK is a sure thing, the only reason I haven't gone all in yet is because I expect ETH to go higher first and I suspect I might grab even more LINK that way. Once LINK goes up enough I will divest some funds into ZRX, KNC, REQ, QSP, VEN and ICX (what I consider the Nasdaq blue chips of crypto).

>>6331889

You don't understand. This is unprecedented for the types of people we're talking about I think it's an indicator of how much power these crypto exchanges wield. Don't get me wrong I am a believer in crypto but I thought it would be a lot longer before crypto-whales started calling the shots.

To put this in perspective, one of my friends works at Christie's, he was telling me recently about a sheikh who showed wanting to bid on a painting with 20 million pounds, he had the money/deposit required transferred Christies within an hour. These people are NOT your typical middle class 'millionaire' for whom rules still apply. Yet the exchanges are literally just telling them to wait, these people are actually about to FOMO so hard and the exchanges are fucking teasing them. The fact that they can show this kind of attitude is alarming in my opinion.

>>6331829

Yes. You will also see a pronounced increase in FUD on 4chan. I don't know who else is here trying to profit, I think I know who the Jacob anon works for but I can't really confirm without giving too much away. Either way I want /biz/ to profit more off the coming revolution than the bankers I work with. Honestly my job has given me many comforts but it feels like selling my soul. I hate seeing these idiots who went to Oxbridge talking about cryptocurrencies, I know I should be more cold and calculating, but some of the things they say are retarded.

>>6331714

80% ETH, 20% LINK and a stack BTC/BCC/BCG in a cold wallet that I have bought 4 years ago and keep in a cold wallet on the off chance a form of bitcoin replaces fiat.

>>6331760
I will use the Eurostar.

ATTENTION: This information doesn't just apply to ChainLINK this time, I recommend everyone read this.

I am currently in Brussels, just got back from a meeting with several clients. We discussed in part PSD2 but the information that caught my attention even more was after dinner one of my clients said that they were trying to move 500,000 euros into GDAX and were being forced to wait up to a week. This is bizarre because normally exchanges provide high end services to wealthy prospective clients. I asked a few more of my acquaintances who were discussing buying crypto (it still feels surreal to talk about crypto especially with older clients) and they're having similar issues.

My understanding is that exchanges are intentionally cutting off the flow of money over these next few weeks, I assume to consolidate their positions/positions of any whales doing insider trading before letting the flood gates open. I told you guys to watch the next two weeks regarding LINK but now I am telling everyone CONSOLIDATE YOUR POSITIONS. If you've been holding on to a shitcoin hoping for one last pump SELL IT, TAKE YOUR PROFITS. MOVE INTO YOUR BLUE CHIPS AND YOUR PROSPECTIVE COINS. DO NOT STAY IN ANY QUICK PUMP COINS. I will answer questions for another 30-60 minutes before I start packing for my train journey.

>>6001431

More specifically I suggested that whoever had sell orders up took them down, and that even if the price mooned not to be tempted to sell. I wasn't explicit because I didn't think brainlets held LINK.

>>6000699

When the mainnet is ready. Also I'm hairy because it takes high test to hold LINK.

>>6000634

Reverse image search dumbass.

>>6000011

>>5999727

It's a 200k wallet and you'll get your proof soon enough.