/biz/ - Business & Finance

Every day the talking heads on TV look stupider (10k) and stupider (15k) and stupider (20k) and stupider (25k) and stupider (30k) and stupider (35k) and stupider.

People don't want to look stupid. Eventually they'll educate themselves.

More it goes up, more people want to buy, more people want to buy, more it goes up.

Everyone in this thread will make it.

Hodl.

>>24047452
Well I don't think you mean manipulate it in the traditional sense as it's all public so everyone is going to notice. I just don't think there's a lot the CCP can do. They can ban it which they have before and Bitcoin survived it. I wouldn't put it past the CCP in terms of going house by house trying to confiscate it. Some sort of coordinated 51% attack would fork the chain and the CCP can keep their CCPBTC. I can't see them breaking Bitcoin though. I think the only thing that can break Bitcoin is disinterest, people just stop feeding it.

>"Bitcoin is the first example of a new form of life. It lives and breathes on the internet. It lives because it can pay people to keep it alive. It lives because it performs a useful service that people will pay it to perform. It lives because anyone, anywhere, can run a copy of its code. It lives because all the running copies are constantly talking to each other. It lives because if any one copy is corrupted it is discarded, quickly and without any fuss or muss. It lives because it is radically transparent: anyone can see its code and see exactly what it does.“

>>23870076
Moonboys...

Except that this is all inaccurate based on all the metrics we are seeing. Brian Brooks is the newly appointed acting comptroller of the currency, he was previously the chief legal officer at Coinbase. Recently some congress members have sent him letters on how they're annoyed as to how obsessed he is with crypto. Biden's financial team includes Gary Gensler and other crypto-educated minds, this guy is also sympathetic to crypto. He taught an MIT class on Bitcoin you can watch for free. Heath P. Tarbert is now establishing regulations for trading. ETF's will be here next year. Fidelity is already shilling to clients. PayPal equals more legitimacy. Exchanges are being shaken up recently. Look at OKEx. Binance is kicking US users off their global site to their Binance.US website. The US knows they can't fight it so are establishing rules, all of this means that crypto is being legitimized. Bitcoin will be the de facto store of value. No offense to gold, gold would be my #2 - but the relative upside is not even remotely comparable. Get up to speed.

https://www.coindesk.com/biden-confirms-gary-gensler-will-lead-financial-policy-transition-team
https://www.youtube.com/watch?v=3DW7Q-4e5n0&t=6s
https://www.youtube.com/watch?v=FaAEeOys4J4&t=926s

Crypto has never seen mass adoption. Despite 11 years of a myriad of the most forward thinking and creative minds on the planet, crypto still has no utility.

Per Satoshi's whitepaper Bitcoin was designed to be an instantaneous, secure, borderless and trustless system of currency. It was not the first digitally based currency designed behind this thesis, but it was the first one that worked thanks to proof of work. What made Bitcoin so special was the code. It was a revolutionary and genius idea captured in code.

The thesis behind owning Bitcoin now is as the future store of value, and barring disaster it should have no trouble replacing gold as the future store of value simply because it is better for this purpose in every conceivable way.

Along with Bitcoin came tens of thousands of competing currencies based on blockchain. Cryptocurrencies that all tried to find a niche in every market conceivable. Because of the economics of crypto, the fact that most projects start up with no venture capital/institutional investments - it allows that the early investors are able to see an unprecedented ROI. This begets the feeding frenzies and volatility we've seen.

11 years of this.

Hex is the first meta crypto. It takes all that we know about cryptocurrency and synthesizes it into an idea that is built entirely around one thing. Price. People invest in cryptocurrency or any conceivable derivative for one ultimate reason. Price. No one invests knowing that the price will go down after they buy. Hex has built itself in arguably all conceivable ways behind this simple idea. It captures the time value of money and inherits itself as the CD of the cryptographic sphere. It has mechanics that are completely new. It's use case is designed around it's code. Just like Bitcoin. Its design is simple yet nuanced, countless hours can be spent peeling back the layers to its design. The philosophy behind it has the power to break what we think of when it comes to money itself.

What's the best way to buy Bitcoin?

Not your keys blah blah. I'm not opposed to an exchange as I think there are a enough safeguards/insurance/cold wallets etc. that protect against another MtGox. Was thinking Binance.

If I go the non exchange route - how difficult is the process and how much security is enough? Anyone want to share what they do in this regard?

I'm thinking of just leaving my ETH investments on Uniswap, any argument here?

Any input would be greatly appreciated, thanks gayboys.

>>20181522
Reminder that Hex has the best holders chart ever seen in crypto

https://etherscan.io/token/tokenholderchart/0x2b591e99afe9f32eaa6214f7b7629768c40eeb39