/biz/ - Business & Finance

>>13513052

1 BTC
16 ETH
leftover on shitcoins

>>13267123

This has actually gotten me curious about Fantom. Nothing is the new Bitcoin though.

You really can't have ANY crypto replace Bitcoin the whole system just comes apart if every few years a new crypto comes along and something like Bitcoin errodes away in value.

>>12934401

You're fucking retarded. Big institutional investors and funds haven't even dipped their toes in yet. They've been waiting for a reputable firm like Fidelity Investments to provide custodial services.

You think big money investors and those investing millions for institutions are going to trust dogshit like Grayscale, Galaxy, Morgan Creek and other cons with their money?

Add to that there are going to be some failing economies that might possibly adopt Bitcoin. The tech just needs to improve to be usable for the everyday idiot. I'd say 2025 when crypto tech and adoption collide, those of us who managed to hold $20K or so will be pretty comfortable.

>>12886149

Probably not but in 2025 $20K is going to hold so I am not even worried.

>>12827183

you don't need to invest too much. basically enough not to miss out if this long term trend keeps going. every indication that it will. Internet magic money invented 10 years ago holding $3K value is evidence enough

>>11379550
>>11379770

> gold is an outdated tech

Bitcoin is not a tech company. It was just an experiment to attempt create a digital version of gold. Bitcoin just has to be able to prove its store of value over time, prove its security and expand its network effect.

If every few years a better crypto tech comes along and makes a previous crypto tech obsolete, the whole concept of crypto currency doesn't work. Nobody is going to be holding a store of value that will be supplanted by a new generation store of value every few years.

Bitcoin offers some huge advantages over gold. But the other cryptos offer little to no advantages over Bitcoin. Quicker block times and more throughput are nothing when you consider that you have sacrificed the majority of the supply created or controlled by a company or a handful of people (just like fiat with central banks).

And just the fact that Bitcoin was the 1st mover, a digital element that nobody knew what to make of which resulted in fairer distribution over nearly 10 years gives it the closest qualities to a naturally occurring element like gold that we give value.

The ability to quickly transact and deal with high volumes is being confused with the crypto itself. Nobody is doing transactions much less high volume transactions in any crypto after 100 years. The quick transactions will be a 2nd, 3rd layer or more likely 3rd party technology solutions that will be build on the underlying tech.

>>10926965
>>10926983

Here is my explanation for the waves and my experience:

BTC to $2,900. Fucking moon. More money than I know what to do with. Throw some money into other alts. XMR always a favorite but throw a bone to Anshares because some fucker on Poloniex trollbox chat kept hyping it up every day.

All kinds of shitcoins started pumping. I sold after profits and went back to BTC. ETH didn't do shit from June to about November.

Bitcoin to $19-20K. Fucking moon again. I sold off most my Bitcoin. More money than I know what to do with again. This time I am more brave and throw 1 BTC into Nano. Sell Nano in January. 100K + profit.

I think the pumps in alts really comes from Bitcoin holders having silly money that they can now risk on all kinds of shit they would never throw their "own" money into.