/biz/ - Business & Finance

Bears: you have 15 minutes to dump the price below $22,480 for a bearish englufing on the hourly

Bulls: you must keep the price above $22500 for 15 minutes for support confirmation

FIGHT!!

>>11426231
>>11426211
who gives a shit, you two will perish

>>11426201
>>11426200
MAKING IT

>>11371368
>Where was this income supposed to magically appear from?

Through the Plasma network via staking OMG tokens to validate hundreds of thousands of transactions per second.

I wonder how many other moon shots you've missed out on because you fell for the meme meme.

>>9095926

>>8857991
>>8857991
>>8857991

>>8589967
>>8590233
you really aren't grasping the situation. CISCO, Dell, those companies all triggered their own bubble pop when they sold a majority of their own shares en masse.

crypto is a gravy train and i guaran-fucking-tee you the top BTC holders aren't going to trigger the bubble pop. the Mt. Gox trustee knows this, and so do all the other whales.

>>8590233
>retrospective
retrospective is how whales are able to keep this ((((charade)))) going. this market is different and you fucking know it.

What was it like when everything started mooning last year, biz? Did alts or BTC shoot up first? Which alts were the early pumpers?

Can any vets (2+ years in crypto) chime in on the state of the market right now pls?

wagecuck here. i eat the same meals every day. i drive an old car. i don't travel. i have 3 outfits. i live with my parents.

can any anons open my eyes to what life is like when you make it? i'm hoping it will light a fire of motivation underneath my ass

>>8219620
OMG is built from the ground up on new blockchain tech (Plasma) with specs for global usage. Plasma is a way to create a blockchain (as a set of smart contracts) within a blockchain, by simply committing the root hash of the "meta" child chain (Plasma) on the main chain (Ethereum).

The child chain acts kind of like state channels on steroids, and only the final state transition hash is committed to the main chain. If someone commits an invalid plasma state transition hash/block, the protocol incentivizes committing "fraud proofs", where parties who are interacting in the child chain can show that someone behaved maliciously, and penalize them, reversing the faulty transition.

The child plasma chains can themselves also have child plasma chains, and those chains can have child chains, etc... this "tree" of chains can be reduced through MapReduce, such that billions of transactions/state transitions can be trustlessly/verifiably encoded as a simple hash commitment on the root chain. Added altogether, this results in giving OMG/Plasma a minimum of 1 million transactions PER SECOND (with average confirmations being instant) as opposed to Bitcoin's 3 transactions per second (with average confirmation being 10mins).

OMG stakers will be the ones who will do the verifying of transactions and they will be rewarded for it via transaction fees. Reason for low fee is that OMG focuses on high number of transactions with low fees to give good staking rewards rather than low number of transactions with high fees to give rewards. The network will be secured via proof of stake / bonding.

There is so much more about OMG that makes it a bluechip investment at this point so just DYOR and buy OMG all the way down this dip. $100 EOY is a conservative price target.

>>8149942
>There’s a total of 140 million OMG tokens. So, that’s a potential of $1.42 per year per token in fee income.
>As of now, there’s no formally recognized method to value these types of blockchain companies because they’re so new.
>However, the equivalent in the stock world is called the price-to-earnings (P/E) ratio.
>The P/E ratio shows how much investors are willing to pay for $1 of current earnings.
>A traditional payment network like Visa has a 39 P/E. A non-traditional payment network like PayPal has a P/E of 49.
>If we apply the P/E ratio to Omise, it would suggest a token value between $55–$69.58.
>Now, please remember: This is all theoretical. As I mentioned above, we’re in new territory.
As such, OMG’s value could actually end up being vastly higher.
>You see, if the platform emerges as the global
operating system for payment apps the way that Ethereum is emerging as the global operating system for blockchain apps, then OMG’s value will be much larger.
>I believe OMG could be to payments what the
Microsoft operating system was to the PC market. Microsoft became an indispensable platform that launched the world into the desktop computer era.
>At its peak (which is today), Microsoft is worth $567 billion.OMG has the potential to become the payment platform the whole world uses.
>Under that scenario, it could easily achieve a $100 billion valuation. Some could argue that a $500 billion valuation would be justified.
>I won’t go that far.
>I will say that $100 billion is achievable. At that value, each token would be worth $713 each.
>Just recently, it traded at $3 and change.
>When I first introduced you to Vitalik Buterin, ether was trading around a similar price. Today, it’s trading around $300.
>This is another chance to follow the wonder kid to life-changing gains

>>8142786
There's literally no way to know this and your pessimism is in fact a buy signal.

Sure thing: OMG

OMG is the gatekeeper for ETH's upcoming Plasma network. OMG will enable totally fungible assets to be transferred at 1,000,000 tps, and OMG holders can stake their coins as validators for the network. Stakers receive a percentage of the transaction fees so AND THIS IS THE BIG PART -- as the the Plasma network is adopted, the staking rewards go up, and the value of an OMG token will increase dramatically once they're locked away for staking starting Q3. Basically, this is a guaranteed 10x project, MINIMUM.

Moon Shot ICO: CryptoHunt

Happening right now, this is an augmented reality ETH game with its own token (CH coin, I believe) that aims to be the Pokemon GO of crypto. You can walk around your city and, based on clues, find treasure chests full of CH coin which will eventually be redeemable on a VISA/Cryptohunt debit card. You earn more CH by being in the ICO and playing the demo. Exchanges Q2.

0xC94C94854E0E99aad102c249E1646eb9421cc408

>>8062570
tf are you doing on biz? slow day at the Winning Factory?

like i said if you want to spare an ETH for my making it fund :)

soundtrack for the day:

https://www.youtube.com/watch?v=L-eS-b6pTSQ

>>8000653

>Transfer US $ from my bank account to coinbase to buy in the $6-6.3k range 10 days ago.
>Still no money as of last night when it finally happened.
>This afternoon get an email
>We've received your deposit for $50,000.00 USD
>BTC price: $7900

What is the one /biz/ meme that if someone said or referenced in public, you would know they were from /biz/ ?


Also, general /biz/ meme thread

My current portfolio has 2x in the past week or so.

XMR, XLM, ADA, BNB, DASH, FUN, REQ, RPX

most of the moon was from XLM, REQ, ADA

LTC is definitely undervalued, it's fast and it works

Lot of scared btc holders in this thread already lol. I know, I used to be one of them. BTC is dead, they failed to fix the problem with it, don't go down with the ship. Make money with ETH while it goes up.

just get in bitcoin until after it moons after the fork, anything else is stupidity

What do people see the final price of the token being, say, in a year?

>>3880230
Also, hint: never use cuckbase.
You go find out the rest now.