/biz/ - Business & Finance

Is anyone in the Crypto Lords tg group? Is it a good investment?

>>56990625
Posting in a legendary thread.

>>56580096
Probably greedy in its fullness. I just hope he's not deluded by one of those maxists calling for $1k on link.

>>56366930
I'm concern. Did you read what that piece of sh*t wrote? I should be concerned. If he doesn't want any critiques here, he should stop blabbing. If link becomes worthless, I have nothing to lose.
.

Here we go, if you are not buying now yo uare fucking retarded.

You ever wake up from a nap 4000$ richer?
Buy link or have fun staying poor

>>23405669
Kek good answer

>lambo thread
it's time for a dump

>>18202370
Well they havent had sex themselves so they are jelly. it is understandble

>>17005155
>10.000 22-11-2017

He was wrong by 6 days

https://coinmarketcap.com/historical/20171128/

>>16872279
As inflation decreases so does volatility , check bitcoin price in argentinean pesos, every currency that has more inflation than bitcoin makes it seems in the chart as if there was never a bear market.

BTC only had 2 bear markets had you invested in the rest of the years you would have ended up always up.
Interestingly the bear markets arrived after the halving bubble , which is extremly intereting when you realize the low inflation now will change that game theory.

Before you had 3.80 inlation per year meaning 15,2% between halvings(meaning you would have lost only 8% being in fiat at most).

Now you will have 7,2% of inflation between halvings , meaning you will lost by cashing to fiat since fiat(the best two fiats euro and usd) have a base inflation of 2%(as a goal by their central banks but usually more).

If you don't see how revolutionary this is then you are not viewing all the forces at play here.

> No institution will play with clients' money like this

They already are you just don't know it , many payment services are using btc in their back end believe it or not , even some companies in places in latam or africa are using btc to wire their income back home.

I agree with you that no institution should play , btc as an investment is only for individuals , but you are seriously underestimating it's usage in payments as it's volatility decreases.

The average btc transaction is now 55k usd(sources down).

Average transaction in usd

https://bitinfocharts.com/comparison/transactionvalue-btc.html

Live transactions here

https://www.blockchain.com/es/btc/unconfirmed-transactions

Why is the avg transaction so massive?Because banks charge fees as % for wires while crypto fees are fixed so the more money you send the less it cost.

Today someone sent 1.1 billion usd and paid 87 cents fee , on banking this would have been a 3% fee so about 35m usd of fee.

Crypto is the internet in 1996 we are still with the shitty interfaces.

>>16513646
>tfw the biggest crash in history is synchronized with btc halving.
>tfw this halvening will leave btc with a max inflation of 1.80%
>tfw inflation will be 1% since miners won't sell due to halvening
>tfw inflation will be less than 1% after 2021 due to the moore law limits meaning miners won't need to upgrade asics since there won't be new asics
>tfw THE FED has upgraded it's inflation target above 2.50% since they did not reached 2% this year

>>16281673
>>16279442
>>16279416
>>16279447
>>16279467
1 BTC for citadel entrance

The rest:
25% LTC
25% ZCOIN
25% DASH
25% XMR

https://coinmarketcap.com/historical/20171217/

https://fred.stlouisfed.org/series/BOGMBASE

Compare that to bitcoin rise

1_In the pre halvening era bitcoin price grew about 320 times.

2_In the first halving in 2012 bitcoin grew 510 times in price.

3_In the second halvening bitcoin grew 510 times in price in 2016-2017

Now compare all that grow to the char from the federal reserve above , and you will realize that bitcoin did those movements beause the quantitative easing happening , bitcoin crash happened exactly when the fed quantitative easings stopped.

Now here is the interesting things.

1_Every year before a halvening bitcoin did 3x in price , we did that and even 4x this year but we achieved all of that with an even SMALLER MONETARY BASE.

2_Quantitative easing is about to be restarted everywhere.

3_Bitcoin will have less inflation than fiat.

4_Bitmain is selling 7nm asics and 5nm and 3nm asics will not be here for a long time probably 3 years so miners won't have to sell to upgrade asics for a few years.

The logical conclusion about all of this is that bitcoin will return to it's early days of 300x grow easily , we did the same in the pre halvening year with a collapsing monetary base , and now it's about to expand again , we may even see more than 300x.
And if KYC and regulations become harder this effect will intensify as miners will no longer sell more than enough to pay electric costs due to it having being inflation than fiat.

Inb4 quantum fud , no google quantum computer has 72 qubit , you need 2300 qubit to break into a bitcoin wallet , so at this rate we are safe until 2035 at least.

>>14549505
Bitfinex is again trading brainlets , the money inside bitfinex is fiat that entered a long time ago and traders are gambling there which shows as the most volume.

The volume that you brainlets should pay attention is the one entering through fiat not the traders moving money already injected into crypto markets.

All that shows is the same 25b entering and moving in many cryptos for speculation and gambling by degenerate traders.

The true story is in the money entering everyday from fiat into exchanges and cryptos.
That's what moves the price long term and the current price makes 100% sense.

Look at fucking localbitcoins data(a p2p btc exchange from cash to btc).

Look at global volume growing

https://coin.dance/volume/localbitcoins

and most important this one of the usd traded being stable

https://coin.dance/volume/localbitcoins/ALL

and THE MOST IMPORTANT IS THIS ONE

https://coin.dance/volume/localbitcoins/ALL/BTC

The last one shows the BTC being traded , notice how the usd being traded per week is stable but the BTC volume HAS COLLAPSED.

Check may 2017 BTC VOLUME IN THE LAST LINK and then BTC VOLUME IN MARCH 2019

as you can see there is a scarcity of btc on the market.

You degenerate faggots daytrading can't see beyond bitfinex moving money inside cryptos.

The true cause of price movements is the moeny being injected and the btc supply.

And in this charts you can see the usd supply being stable and the btc supply decreasing fast.

We are mooning 2017 levels in a few months , the last link does not lie.

https://coinmarketcap.com/currencies/reserve-rights/#markets

https://idex.market/eth/rsr

>>13724855
This

>>13132949
This is good for bitcoin

>>12783793
>Still though, what would you recommend to anyone on the thread who makes significant crypto gains
>Like millions

want to invest the money in real estate traditional financial instruments etc - pay your taxes.
anything else - dont even report it.

If you want to turn millions into cash u got 3 options - gold, cash, or pound of flesh.
apmex or jmbullion always buy non-reportable bullion
https://www.jmbullion.com/reportable-bullion-transactions-infographic/
^

however u might get stuck with millions in cash - now what do you do? nothing and your money rots due to the magical hebrew invention known as inflation

SO you got 2 options really - pay tax or pay cash and bottom line is wht i said earlier

u wanna invest? pay tax
want to just buy a nice TV eat at fancy restaurants or buy real estate outside of the usa? dont pay tax
>>12783820
>How do I get down to 10% with 8949?
it actually could be 15% depends on the threshold - i think the brackets are 38k, 400k, something close to that.

yes 8949 is just a standard form

theres a section for "sales and other dispositions of capital assets" and also when you file a 1040 you want schedule D "capital gains and losses" which allows u to summarize.

basically

IRS wants you to pay your max liability - so worst case is income tax rate

with 300k i suggest consulting multiple tax lawyers, accountants, asking very general questions or simply paying them to prepare your taxes. it's up to you. their job is saving u the most money

tax law is ambiguous and the job of a good accountant is to pay as little as possible with the lowest chance of blowback.

tfw you get paid in crypto and don't pay taxes

>>12292537
>>12292545
Whoa , and then i keep sailing and end in another based island.

Thanks op you have confirmed i will make it in the 2021 bullrun

It's happening

How to go from 500 to 500k
>Invest max 30% of your savings
>Only invest into safe shit
>Look at retarded market and read some rules
>Buy chainlink

>>8103867
I'm about to step into the bird bid war when these NEETs go AFK. You need to look at the ones getting the most action.

Ameripoors are too sleepy to win new ETH games