/biz/ - Business & Finance

>>18933150

>You fail to understand that in times of mass panic ALL ASSET CLASSES DUMP this includes gold and BTC.

Gold went down a mere 10%, BTC plunged 60%. That's twice as bad as the stock market--a dire safe-haven. Gold also recovered almost instantly and then went on to all-time highs. Gold showed more strength than any other asset.

>You are wrong about BCH, XMR maybe I could see. But neither of these have success without BTC.

BCH is following the blueprint of the original Bitcoin. BTC only got popular because of that blueprint--the intrinsic value offered by decentralized peer-to-peer cash with privacy and low fees. Once it becomes general knowledge that BTC is a scam and has failed Satoshi's vision utterly, people will flock to what works.

>ETH

Ethereum is centralized. It's not like Bitcoin (that is, BCH; BTC is a scam Bitcoin).

>The Fed is printing $1T USD per day for the last 20-30 days. If you don't see it by now then you are blind and retarded. There is no hope for you. Stop spamming threads with your garbage.

This is why you buy precious metals and mining stocks, not toss your money away on crypto that might go to zero. I fully admit that even XMR or BCH might go to zero, which is why I only put a small amount of my net-worth into them. The coin that ultimately succeeds might not even be invented yet.

>>18932598

The normies will find out what was found out before in 2017 and BTC will plunge. Then all that money will rush into intrinsically valuable alternatives.

>>18885746

>BTC technologically speaking is also the best crypto.

Hahaha. It's a scam coin. You get $50 transaction days and 3-day waiting times when even a few hundred thousand people are actively using it.

>>18889681

>>18888725

If somebody captured and perverted your religion or philosophy, would you concede the name to them, or continue to assert your true right to it?

Besides which, BCH _is_ a fork of Bitcoin. It has all the transactions on record going back to the creation of Bitcoin. Anybody who adopted Bitcoin before BCH has all their BTC as BCH. In other words, all the passionate, libertarian-minded people who bought in _before_ crypto became a fad are still wealthy there.

>>18888531

Look into Bitcoin Cash (BCH). The original Bitcoin devs left to make it after BTC got taken over by banks and financial institutions. There was a vested interest in making BTC a kind of useless "digital gold" instead of following Satoshi Nakamoto's original vision. Mike Hearn goes into it in his 2016 medium post. BCH has virtually no fees, and is like the original Bitcoin.