/biz/ - Business & Finance

BUILT FOR BTC


also check this 2

now that youve experienced having your moeny censored please buy bitcoin
thanks
sincerely
real money

>>26543086
>cope threads
it's fucking over $1300
>>26543121
i keep trying to tell people that it is spaghetti code too
>>26543407
from a pure investment standpoint people see bitcoin making up 63% and eth being at 16%
nobody is looking at a "new" market and ignoring a runner up, especially when that runner up is in and of itself in a completely different sector
bitcoin is currency/reserve
ethereum is the leading smart contract platform
trust me, "wall street" is here, they're buying, and they're suppressing this shit

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>>25473087
bitcoin created a proof of concept
ethereum is the realization
bitcoin is practically an abacus while ethereum is quite literally a computer
eth's "unlimited supply" is an absolute meme considering eip1559 WILL BE IMPLEMENTED MAYBE NOT TODAY OR TOMORROW BUT IN THE NEXT SIX MONTHS
it may be spaghetti code BUT WHAT IS ONE OF THE MOST COMMON MEALS KNOWN TO ALL HUMANITY?
ethereum owns the fucking network effect for smart contracts, eth killers are like some random "facebook killer" trying to get all the likes and shares
Zuck won, give it the fuck up.

bitcoin +50% from all time high
>nothing has changed about its protocol
ethereum -50% from all time high
>building a defi ecosystem and tokenizing bitcoin to put it to work in a new financial infrastructure
this is the time to shed shitcoins, idiots. /we/ can make bitcoin fulfill the stock to flow and go to $250K-300K and eth past $20K
DON"T BELIEVE ME?
JUMP OFF A BRIDGE

>>25320788
i think theres 2 kinds of ethies
those who develop and use the platform and those who worship vitalik and keep their eth on an exchange
the latter are clinical retards
the former are ultimately just a more 'active' version of bitcoiners

there isn't much to DO with bitcoin which is why im simultaenously an eth maxi and a btc maxi
i'm a coffee maxi and a bbq maxi, theyre two completely different types of food

https://twitter.com/0x_Lucas/status/1341785492669476866
summary:
>1/ high demand
>2/ hash power cranking up
>3/ defi open interest going parabolic
>4/ more and more defi wallets every day (adoption)
>5/ tvl across projects STILL increasing
>6/ decentralized exchanges are getting a reputation of giving gibs, low caps, easy to use, and no kyc
>7/ wBTC is more trusted than lightning, by far
>8/ institutional money has been collecting bitcoin for years, and you never knew it "until now" but you're too stupid to understand they're doing the exact fucking same thing with ethereum as well
>9/ the entirety of the stablecoin market is 100% based on ethereum. thats usdt, usdc, you know, the fucking asset that brings sanity to the high frequency trading world
>10/ deposit contract still not hacked
important to note here that bitcoin does fucking nothing except exist under a greater fool theory. ethereum actually provides a form of a service. when bitcoin reaches something like $1 million it'll be subject to so much greenhouse gas emission regulation it'll eventually die. bitcoin is fucking coal, ethereum is nuclear fusion.
btc maxis get fucked.

big brain iq thread only
im considering taking out a cdp to pay my taxes
my rationale is that if eth goes way up, i essentially am only 'selling off' the ultimate optimal amount of eth, especially if eth moons next year
if eth doesn't moon, i take a hard hit, but if eth goes past liquidation then fuck it, buying more is a realistic option

so what do you think? its risky, but i think it's the smartest way to {{ NOT }} sell crypto and thus incur a tax liability, and optimize the idea that if it moons, im golden, if it craters, it was worth nothing anyway. simple round number example below

>trade 1 eth to 100 eth, owe 40 eth in taxes
>a. (idiots route)
sell off approximately 50 eth to offset the gains of those sold, end result = 50 eth
>b. (high iq route)
open cdp at 100 eth at about 225% collateral, use that money to pay most of the taxes, ask for installments. if eth goes down over the time the next installment is due, liquidate some eth, take the hit. otherwise, if eth goes up, you can always just mint some more dai and make the final payment. best case scenario eth absolutely moons to something like $10K and i'm only liable for the 2-3% for Makerfags, and I end up having to only liquidate 2-3-4 eth upon closing the cdp

can someone with a big brain validate this? im starting to think this is ultimately the most high iq thing i have ever thought of