/biz/ - Business & Finance

Mt Gox bitcoins will be released in a little over 5 weeks now. I would expect to see in the next few weeks a slight pump in bitcoin before things take a real turn. We could seriously be looking at sub $1k bitcoin for an immediate crash with a slow return to about 2k for quite some time.

This is not financial advice blah blah blah but sell or you are all fucked.

Crypto is not dead. You want to know what's dead? BitConnect. Beryl. EarthCoin. And good riddance to all of them.

What does Bitcoin bring to the table? A decentralized blockchain network and media hype. That's about it. It's way too volatile to use as a substitute for coin of the realm. It was the first successful cryptocoin, but like Moses, it's not destined to reach crypto's Promised Land.

XRP (formerly Ripple) could serve as a workable alternative to fiat currency, and is already used as such in Japan. XRP could also find support in Venezuela, where the price for a cup of coffee in bolivars has quadrupled over the past three months as Venezuela's economy continues its freefall. You won't get rich investing in XRP, but it's stable enough that it's now displaced Ethereum as the #2 cryptocurrency worldwide.

There's also Dash and Monero to consider for privacy and anonymity, Qtum and Chainlink for their sheer technological edge, and so on. As always, do your homework.

Hype can always drive up the price of a cryptocoin (as it did with Bitcoin), but for long-term investment and real profits down the line like we saw with Bitcoin's zenith, you have to consider the following factors for any given cryptocurrency:

(1) Technology
(2) Complexity of the market issue it's trying to resolve
(3) Compatibility with other blockchain applications
(4) Maximum circulating supply
(5) Transfer speed
(6) Transfer fee

Crypto is not dead. It is still a toddler. But it's time for crypto to lose its first tooth.

Does biz think that Bitcoin will be dethroned in 2018? If yes, when will it happen and by who?

I think Ethereum will take the throne, but I have no idea if it will happen in 2018 or 2019.

Now that crypto is dead, what's the next big innovation to get in on the ground floor?

Now that bitcoin is dead, which altcoin should I invest in?

BTC is Confido 2.0.
Type AAAAAAAAAAAAAAAAaaaaaaaaaaaaaaaaaAAA if you agree.

So what's the timeline for the upcoming BTC death spiral? Days/weeks/months?

Sweet Mother, sweet Mother, send your child unto me, for the sins of the unworthy must be baptized in blood and fear

Sweet Mother, sweet Mother, send your child unto me, for the sins of the unworthy must be baptized in blood and fear

Crash already you piece of crap. I am getting bald guys.

>slaves to memes for beast bucks
>starts idol worshiping air
>still has nothing to show for himself

Only the lowest of the low in the pecking order slave to meme coins. Did you know that /biz/?
While you are luving bitshit all the early adopters are gobbling up all the gold and silver coins after they dump all your meme dreams into oblivion.

>he still doesn't believe he is slaving for someone else

It's true /biz/. All the centralized crypto irs taxable retina scan required meme coinage is one of the largest scams in history and you are their sucker. You didn't figure it out yet?

>>1713612
Try harder it's not working.