/biz/ - Business & Finance

>>6512133
ALL currencies will die. There is no use for them since you can use any and all cryptoproduct as a currency as well while they also provide value to the market at the same time. for the brainlets out there these are (but not limited to): Bitcoin,LTC,Raiblocks,Ripple,TRON,Monero,(IOTA is a hybrid and might be the only one with a chance of survival but will probably die as well)

50% of the platforms/protocols will die. Survivors will probably be ETH,NEO,LISK,Enigma,LINK. Reason these will survive is because of all the applications that could be build upon them. If the platform has actual adoption and applications running on them it adds inherent value to the coin associated with running that platform.

The coins that will survive the most are the application tokens or dapps. Some examples are: Binance coin, OmiseGO, Request Network, SALT etc. These are the products that actually provide a service and add value to the economy. These will have the biggest impact on our society in the long term and the amazons and google's of crypto will probably be born within this segment.

In 10 years time there will be NO cryptocurrencies alive anymore. Only a handful of platforms like ETH while the others died out. And a HUGE market of dapps that offer all kinds of new products and services that were impossible to pull off without decentralized blockchain technology.

>>6505471
>Lead dev got fires

How the fuck does the leader of a project get fired? Did he fire himself?

Change it to "quit" next time to at least make it somewhat realistic fud.

>>6505209
The truth is REQ went from $0.27 to $0.80 without a reason. No new announcements. No new developments. It just mooned. This is unsustainable growth.

It then went from $0.80 to $1.17 due to being listed on a big exchange (huobi) this is REAL value. Thus the true value of REQ should be $0.27+0.37=$0.64 right now.

REQ WILL go up. But please try to see why something actually moons. Is it because the product got better or the team had some new developments. Or just because more people are buying it.

If it's the last the coin will undoubtedly come back down over time since the people didn't buy it for the technology (If they'd buy for the technology they'd have done it already by then). Instead it's bought because people try to catch the price rise train. These people sell quickly as well and thus the price is unstable and will return to it's true value over time.

Also we are in a BIG Bear market right now probably for 6-12 months. Like in 2010-2011. Not as bad as the famous 2014-2016 bear market but still a severe one. Expect many normies to step out of crypto as they will only make losses for the coming months.

The bear market will pick it back up when dapps are implented IRL and crypto starts to add actual value to the economy. This will be the REAL Dot-com bubble moment where the cryptomarket reaches multiple trillion and REQ will be in the top 50 when that happens. (Top 10 if it accomplishes what it sets out to do). If that happens we could end up (multi) millionaires.

>>5764297
>>5763974

That is their theoretical marketcap though. What's wrong in stating objective facts?

Just like a car company would have a potential marketcap of the entire car business right now. Request Network has a potential marketcap of the entire E-commerce business right now.

And that marketcap is at 5000bn. Stating that is important because it means REQ will not hit some "ceiling" where they can't grow past after a while like most other cryptoprojects.

>>5722541
Read https://docs.wixstatic.com/ugd/6f7ca2_96ffee2e91f14af3bbbcecdbc7aee3b1.pdf

The potential marketcap (assuming 100% marketshare) is 5 TRILLION DOLLARS.

That is 10x the size of the entire cryptomarket right now. That is the potential marketcap of REQ. Do you understand the sheer potential of this project? I am not joking when I say that REQ might beat bitcoin by marketcap eventually.

>>5679910
$70 billion marketcap is reasonable.

Please also realize that Ycombinator personally contacted the REQ team. The only other time Ycombinator did that in the crypto world is when they were the first investors into Coinbase.

Hell, Ycombinator still owns a huge chunk of coinbase and they could theoretically force coinbase to adopt REQ. Think about that.

Also REQ wants to be short-term used for all future-ICO's and ALL crypto transactions between EVERY crypto.

This shit is destined to hit #1 spot. If you read the whitepaper you should also know that they are only an ERC20 token by design and it could be detached from ERC20 in the future and become their own crypto if they wanted to. They just determined that it would be cheaper in the short term to be an ERC20.

>>5339032
Depends on the coin. ETH/NEO/LISK gives you access to a supercomputer basically and the coin is the currency to pay for calculations being done decentralized.

Having stuff done decentralized DOES add some value and opens up markets that were impossible beforehand.

Sure Bitcoin/dogecoin don't add any actual value but there are tons of alts that actually add value to society and will probably dominate in the future.

Amazon and Google were both viewed as shitty companies after the crash and look were they are right now. "Overambitious" was a term that was used a lot.

My biggest mistake was buying amazon stock at $30 a pop. Watching it grow to ~$100 and then selling it for $5 after the dotcom bubble burst since I thought it was just garbage after all.

It's now at $1200 a piece.

There WILL be some alts right now that will experience similar growth in the future. Perhaps they are even ridiculed right now like Amazon/google for being to ambitious. (LINK?) (REQ?) (ARK?) (FUN?).

Of course I'm not a fortune teller so I don't know which one it'll be. But they'll be out there. Blockchain will have a big effect on our civilization in the future.

>>3918830
>Engineering. Especially electrical
>IT. Especially decentralized computing, statistical calc
>Mathematics, Especially econometrics if you want to go into the financial world

Skills to learn that are always handy
>Electronics engineering, learn it in your free time C programming gives you an edge
>Welding TIG/MAG welding is a nice skill and can make you a good amount of $ while in college, did it myself.
>Technical drawing, This includes CAD 3D but also pen on paper. Gives insight into the design process.

All in all. Remember that College ISN'T for a degree. You actually WANT to learn skills that you are going to use in practice. Try to get as much out of your education as possible. You're paying for it.

This is usually what divides successful people from failures. A lot of people just do the bare minimum to get a degree. These people fail in life. If you use your education as a genuine platform to hone your own skills and combine it with entrepreneurship you'll get on top.

>>3912228
I bought LINK a couple of weeks ago.

I read the white paper. Watched all speeches Sergey gave. And decided that the technology behind LINK is worth the investment.

I didn't sell any LINK during any movement on the exchange. Simply because I bought this for its true potential. Not for some simple profit like doubling my investment.

I will go down with this ship or see it reach the stars. Either way I won't cash out until at least 2018.

If you want to get rich you need to stop day trading and only invest in coins you'd want to invest long term into and truly believe in.

>>3868132
if you want decent long term investments just get a ETF. They provide something like 20% YoY ROI.

coins should only be invested in as a highrisk-highreward strategy.

You should ideally only have 10-20% of your investment portfolio locked up in high risk high reward stuff.

That said. Look into ICOs. Look at the actual technical background and what it tries to accomplish.

Do your own research.

Most people on /biz/ are smalltime literal kids or college age unexperienced kiddos. Try to not listen to them.

out of your 3 choices you listed. bitcoin has the least risk atm but only has mediocre (for cryptocurrency) gain potential. ethereum has the least gain potential while still being more risky than bitcoin. But it's a good coin to have to invest into ICOs. Tron is very high risk high reward. Don't put your entire portfolio into it since that would be literal gambling.

>>2987708
I am a nocoiner. But I DID have a use for bitcoin. So it's not entirely worthless for everyday uses like what I use it for.

I went to on holiday to Japan. I had a budget of 5000 Euro that I wanted to exchange to Yen. If I did it through my bank it would've taken 2-5% commission fee.

If I took 5000 Euro cash out of my bank and exchanged it in Japan it would've cost me ~2% commission at the best places.

But I just bought 5000 Euro in bitcoin for 0.16% transaction cost while I was in the plane on my laptop and immediately exchanged that bitcoin amount for Yen with 0.26% transaction cost. Only costing me 0.42% to exchange 5000 euro to Yen.

So bitcoin has a spectacular usage as a means of a faster and cheaper way of exchanging money from Currency X to Currency Y than banks do.

I'm at least grateful that bitcoin exists purely for exchanging it this way.

>>2842361
What are you looking for?

Longest long term job security?
Highest starting wage?
Biggest long term earnings?

Because you have to choose. You can't have all 3.

>Longest long term job security
Engineering. Electronics Engineering and Electrical Engineering specifically has had a shortage of workers for decades now and the demand is still growing faster than colleges can educate people.

>Highest starting wage
This is still Chemists. With a BA in Chemistry most people make 80k starting on average which is pretty high. The problem is that your wages won't really grow after this high starting point further in your career. Chemistry is also not really receiving a lot of R&D compared to other industries that are booming at the moment. Expect fewer growth opportunities. Might bum out ambitious people.

>Biggest long term earning
This one is hard but I still think your best chance is to get a MBA try to work with a big financial institution (BUT NOT A BANK! IMPORTANT) for ~5 years building experience on your resume and then go into startups to show you have all-rounded experience. After this you can end up in the board of directors for serious businesses. This path will give you the highest long term career earnings. But is also the hardest path to walk and you have almost no guarantees. If you're ambitious this one will feel as a challenge. High risk-High reward career path.

But since you already picked a meme subject as your BA you are probably not so ambitious or very intelligent. You should pick something middle of the road that still gives you above average income without actually using a lot of brain power and skills over the long run. Something like Law could do. But Law is getting automated pretty fucking rapidly right now (as are banking jobs which is why you should avoid those)

Anyway good luck.It's never to late to fix up your life and always keep trying to get further ahead than your peers. Pick the hard but rewarding path in life.

>All these people pulling random numbers out of their arses.

There are dozens of studies that have proven that financial attraction from women WON'T increase if you make more than 700.000 dollar a year. That is the cut-off point. So if you are a Chad that makes 700k a year or the richest man on earth that is an autist the woman wil choose the Chad.

Also while both men and women SAY that women would rate financial security as the biggest attraction point to men. Actual studies have shown that AT BEST it only adds 2 point on a 1-10 scale of attraction.

EG: A 4/10 guy makes 200k a year makes him a 5/10 guy. A 4/10 guy makes 700k a year makes him a 6/10 guy. But a 7/10 guy making 50k a year will still be more attractive to the women.

The distribution of attraction by points is as follows for women(how women rate men):
>physical attraction=6 points max
>personality=2 points max
>financial security=2 points max

What is really interesting is that the male distribution(how men rate women)
>Physical attraction=7 points max
>Personality=1 point max
>Financial security=2 points max

So it's funny to see that men and women actually judge income level at the same rate of attraction. The difference for men being that they already find a woman the maximum financial security at 300k a year compared to the woman's 700k a year for men.