/biz/ - Business & Finance

>I am a Bitcoin Maximalist

Crypto is a huge scam of modern times. There is no function or need for crypto. Everything they do is already done more quickly and efficiently by normal means. This has all the telltale signs of a bubble, the hopes, the mania, the rationalizations, the defenses, and none of the common sense.

Its only value is that it is going up. That's it. Once it doesn't have that, it's worthless. 95% of arguments revolve around how much money you could have made if you hopped in on the bubble. Yea okay. You could have also made money in the housing bubble, didn't change the fact it was a bubble.

And stop calling it a currency. Less major retailers and shops want crypto now than last year. It's a highly speculative asset, not a currency.

>Better than Federal reserve dollars

Actually about as bad if not worse. Money literally from nothing, from software. It's not even paper.

>It's anonymous

Actually the opposite, everyone can see what you do

>It's the next mumbo jumbo new-fangled blockchainy technology-wology that you're too stupid to understand

And that you're too stupid to explain. Big on words, small on explanations. "It's too complicated for you to understand" is a MAJOR sign of a SCAM.

>It can never be banned

Yea but if it carried a jail sentence, I doubt anyone would sincerely use it. Plus every whisper of a new ban or regulation sends the asset prices through the floor.

And my personal favorite

>It's the next big revolution in banking and finance

No, it's not. In fact once it blows up you're going to ironically get more laws and regulations you don't want. The exact opposite of the original intention.

>>7828967
>ETH will die
>ETH token OMG will live

>>6484283
>>6484333
>>6484471
Let's do this

>tfw deleted all transactions from my blockfolio and just have all the coins I have on watch only to create a safer space for myself emotionally

Japanese and chinese people are about to wake up
> inb4 everything keeps crashing

>>6282747
This is a jok right
Be honest pls

Can someone give me a run down on crypto wallets?

I'm keeping my coins on an exchange because I don't know how to wallet - I just read the wallet info on the ethereum site and it just ended up scaring me even more than an exchange, and I have no idea how it works lamo.

Pls send help

so during this craze i sold all my BTC for XLM was that a smart choice :^)

>store of value

>weekend dip
>"its crashing u guise"

>>4876667
>IOTA is dead

>>4298996
Please explain what it imply
I just think i know that will only be able to bet on the bitcoin price and they're not directly buying it, that's all