/biz/ - Business & Finance

The crypto mania fad is over. Sorry but a Ponzi scam is not sustainable forever. 2017 was a ridiculous bullshit hype that will never happen again. So many idiots were throwing there money away at fake coins that literally no one uses. Don’t you get it. No one uses this shit except for trying to get rich gambling. That’s literally it. That is the sign of a bubble that will pop to 0 and that’s what we are seeing now. Bitcoin had it’s time in the sun just like beanie babies but now the hype is over and it will never come back. To many people got burned and will never buy this fake shit again.

I have had it with this site. It is not helpful at al.

Why does each of you seem so dumb? Your finance knowledge is terrible and you invest your money constantly into scams. What the fuck are you thinking?

Buy and hold spot BTC. Don’t day trade. Don’t buy shitcoins. Don’t use leverage. It’s really not that hard. When the fuck will you brainlets learn?

Fuck this Ponzi scam bubble

This board is unironicly filled of idiots and greater fools

The crypto “market” is just one big series of pump and dumps. There is no real value being created anywhere.

When will it be alts turn?

The btc market is on fake bull trap fucking manipulation by tether and binance right now All dumb ass moonboi fomo morons gonna get rekt I wont be bying until 2k

Bitshit will go to 0. Its worthless junk being gambled by you neets and fagots. It is a fucking Ponzi scam with no real use and you fuckers know it. It is literally for criminals and degenerates and thats it. Shut the fuck up with your memes about mass adoption its never happening. All crypto will go to 0 soon because its a shell Ponzi scam for greedy neets.

I want to build a crypto exchange with exotic markets

This has been officially confirmed. However I have no higher level education and am lazy. What is the easiest and most effective way for me to use my incredible intelligence to quickly become a multimillionaire?

And all the real innovation in the crypto space is in he alts because BTC is outdated tech

Unless someone can make a rational argument that will have a bitcoin actually be worth something, then it is a borderline (likely) ponzi or pyramid scheme. The end game of the excitement is almost ways because you can convert bitcoin into real money, like dollars. The pumpers are most happy when new blood, or algos push up the price, because that means they can more easily convert it to more dollars.

It is great for depositing and withdrawing from offshore sportsbooks, I will give it that, but bitcoin works just as well if you can convert it to 100 dollars or one hundred thousand dollars, and sooner or later there will be another huge event that crashes the price somewhat permanently. Too many exchanges seem to be able to seemingly shrug off hacks that cost them tens of millions of dollars. One day the emperor will be revealed to have no clothes.

Imagine if your bank account at Wells Fargo, or brokerage account at Etrade could be hacked without recourse? I saw a guy last year with a bitcoin hat on...it must have been about 18 months ago...bitcoin had just broken through 10k that day. He gave me the whole pumper speech, about how bitcoin had far to go in price because it wasn't even close to one percent of the world money supply. Total clown show. I asked him when he first got involved...he said at one time he owned bitcoin when it was a few dollars per bitcoin. I told him that unless he cashed out for ten million he had to have huge regrets. He basically told me that he got zero out of it....didn't even change his life back in the day....I imagine there are tens of thousands of people out there who lucked into being interested in this garbage, mostly for all of the wrong reasons, but still failed to figure it out by ringing the register or having bitcoin when it when it really started moving in mid 2017.

I want to calculate the average btc price between 4200 and 5300 how the fuck do I do this

Why dont you guys just fuck of to your own board so us real business men can discuss real business and finance here

It will never again reach $10k.

>If Ethereum can prove battle tested for 5 more years, then you might be right.

It cant. Eth is a fucking shitshow.

Hardforks on the reg. There's debate one way or another as to if hard forks are bad. and they are. Sorted.

Occasionally very damaging bugs are found literally hours before another god-forsaken hard-fork, causing the entire fork to be postponed until the issue resolved.

Stupid mindless devs write and deploy shit dumb-contracts which in the past has resulted in lots of eth being lost/stolen.

A central figure has called a "rollback" and invalidated (through the use of hard fork) transactions he and some other users did not like.

Fuck right off with your "battle tested" bollocks, I'll give you that it's been tested but by the standards I'd require for the next global financial instrument, it's fallen so far short it'd be laughable if it weren't putting peoples life savings at risk.

Go eat a shoe

Btc will never go above $6k ever again