/biz/ - Business & Finance

>>11474237
>"So me and the wife put our savings into crypto, we get about -80% returns this year, its really good! some 17 year old NEET on /biz/ said its the best way to invest. Ill be buying myself a lambo in no time!"

>>11252699
Yeah real hard to cope not losing 80% YOY lmao.

Enjoying that moon lambo?

By now you should have learned the following

- Bitcoin is not a currency. It fails miserably as a currency. Bitcoin is not a store of value. It fails miserably as a store of value.

- Bitcoin is a collectable digital token. It's dollar denominated value comes from the bid/ask spread being pushed up using wash trading with bots with a tiny portion of the outstanding float. It's current unregulated market pulls in the most inexperienced and naive traders in any market in existence, making it an excellent candidate to temporary balloon the price through bid-ask spread pushing using fake virtual US dollar (Tether) with a tiny amount of actual dollar reserve in the system.

- Ethereum or other utility tokens will never be widely used by institutions. If they choose to use the blockchain for some purpose, it will be with their own propriotary blockchain. They will not let the whims of fucking Binance or some other market dictate the cost of their network.

- You will not get rich through buying crypto anymore. The last layer of the greater fool pyramid has already burst, there are no more new fools to sucker into the pyramid now that crypto is mainstream knowledge. Just because it bubbled before does not mean it will bubble again. Past is not an indication of the future, as the parameters for a future greater fool scheme relying on ignorance of the bubble action are not the same as the past.

- If you think that you're buying now to sell to some fool later, you're the fool.

>>8420789

Did you actually listen to him talk at SXSW? Blockchain offers a lot of benefits to smart contracts even Boring admitted this, but dammit Sergey stuttered constantly and sounded supremely autistic

maybe we are still at "return to normal"

>>2366046
> bottom button done up
> sleeves too long
> that slide
> that white background
> that boat

see you at the dealership boys!

Just funded this little beauty with my bitcoin gains from... it's my 2nd Lambo, believe it or not.

nocoiners WISH they could get on my level.