/biz/ - Business & Finance

https://cointelegraph.com/news/bitcoin-most-dramatic-2020-halving-could-cut-supply-by-63m-a-week

I love how BTC takes from the impatient and gives to the savers

Idiots think only new, low cap, or cheap assets can go up.

No one wants real usage or products, they want to buy something with the promise of becoming the only currency on the planet. The next google or apple but on blockchain.

How many ever consider who will buy these in the future or that speculators increasing costs of using the platform will price them out.

I'm more of a math autistic than others so I focus heavy on the numbers. Not just TX times/fees quoted by the whitepaper.
Crypto and graphs always made sense to me but I'm cautious with my investments. I scale in small until I have a better feel for that market.

I asked Biz why this coin keeps going up but gets ignored, over a year ago. The only answer I get is low volume,but that's the way speculation starts. I want tobetter understand this stuff and all that makes price go up.

I fucked up by not buying more of that shitcoin, because I listened to the retards here. I was too afraid to put more $ into something I didn't understand (usually smart). I should have had more faith in my valuation methods and not listened to internet strangers. Understanding limitations is important but don't overweight someone elses bias.

Don't buy based solely on price, or volume, or supply, or demand, inflation, TX times/fees, use cases, or any other singular metric. You have to use multiple metrics, at least. You're best off using all the ones that you can fully understand.

Buy BSV because it's cheap, sure. NEO bc it's free to send, ETH for it's usage, LINK for it's popularity, and BTC most of all, for it's market scarcity but don't be stupid enough to put everything into one coin.

No one can pick at 100%, that's why I spread my risk. I know I will be wrong and lose money sometimes. My process: give myself enough chances, I'll hit on something and increase my understanding. Keep % small, in any one project, to avoid days like these.

>>16345032
>xpect me to believe that your digital gold will outlive USD
Why are you idiots so extreme. Bitcoin doesn't have to replace the dollar in any serious way to gain in value. You can buy anywhere that takes Visa with NEXO or crypto.com card, doesn't coinbase have a credit card now?

You're a dumbfuck who trust the guys with the money printer.

>>15750984
>When people have a real reason to dump their visa cards for crypto tokens. Other than that and because of futures, the coins will not do anything until cards or wallets are easy for noobs to use. Its gambling and money laundering til then
If you really believe this, just sell now. You think crypto's going to kill credit cards? Really? You guys can't get over currency part of crypto.
Instead of being dramatic and extreme and saying crypto will die or kill all credit cards, I'll predict that traditional financial assets will exist side by side with BTC and this will just be added to our current group of tools. Still tons of money to be made with the middle road. It's not moon or bust every single day.

>>15711233
>Babypips.com
my intro to trading, good call. They have everything you need to learn what traders are doing and talking about and it's set up like an easy to use online course

https://www.marketwatch.com/story/that-near17-trillion-pile-of-negative-yielding-global-debt-its-a-cash-cow-for-some-bond-investors-2019-08-22

https://www.youtube.com/watch?v=ZfEK7IMK6VE
It's pretty fucked up to make bonds have negative yields and then make Boomers hold those and stocks right as they're retiring. What happens if stocks crash? Boomers lose it all, when they need it the most.

BTC's best use case, hedge against wall street derivatives.

>>15695238
>No one gives a fuck about this digital gold narrative
I'm sorry humans are much more greedy than you give us credit for.
I know I am because I've had a strange obsession with stacking as many as I can get for years. You're better than me probably because I'm only in it to hedge the banks and get rich

>>15695121
>https://fred.stlouisfed.org/series/BOGMBASE
these charts are so underrated. How are you going to care about BTC/USD but not pay attention to the dollar supply. Seeing stuff like this on biz gives me hope. They're trying to shrink the monetary supply because they're expecting a crash and trump won't let them raise rates.
saw this here yesterday and it blew my mind
https://www.cnbc.com/2019/08/21/negative-yielding-debt-poses-major-risks-for-investors.html

https://www.cnbc.com/2019/08/21/negative-yielding-debt-poses-major-risks-for-investors.html
>"“The interest rate risk that these bonds carry is huge,” Bianco said in a recent interview. “The financial system doesn’t work with negative rates. If the economy recovers, the losses that investors would take are unlike anything they’ve ever seen.”

>Negative yields have been confined to places outside the U.S., though some Federal Reserve officials have toyed with the idea at least in a hypothetical sense. Former Fed Chairman Alan Greenspan recently jolted some investors when he said there was nothing actually standing in the way of negative U.S. rates.

>Most of the negative-yielding corporate debt is in Switzerland, while some also is in Japan, Bianco said."

Do they make you pay them for holding their debt? I need to start issuing negative yield bonds. Apple is doing 30 year bonds at under 3%? They're printing so much money that it has to go somewhere.

This is Bitcoin's ultimate use case, hedge against inflationary currencies, bonds and debt.