/biz/ - Business & Finance

>>28507369
sheople were panic buying toilet paper at 4k.
why do you retards waste your time with shitcoins. If you need more exposure to risk, learn about leverage trading in bitcoin. At least this way you'll learn more about the stock to flow model

>>25014992
i hope you sold for BTC. Makes no sense to sell it for FIAT

>>24384329
Hard capped only matters if there is demand. Show me another crypto with 5% of the demand shown here?

> Guggenheim is reserving the option to put 10% of its $5.3 billion Macro Opportunities Fund in Bitcoin

> Square Cash App sold $1.63 BILLION in Bitcoin in Q3 of 2020

> Grayscale bought over $1 Billlion in Bitcoin last month

> Microstrategy purchased $375 Million in Bitcoin in August

> Billionaires Paul Tudor Jones, Stanley Druckenmiller, Bill Miller and Ricardo Salinas Pliego are all invested in Bitcoin

Not only that but Bitcoin actually has 10+ years of distribution whereas most of these Alts that are premined gave the founders and insiders most of the supply. Example, Ripple gave the founders 20 fucking Billion ripples, the company owns 50 Billion Ripples and 80% of ripples are owned by less than 100 wallets. Unlike Biz and plebbit these billionaires and large institutions are not retarded enough to buy millions of an asset that founders printed and gave to themselves -- that's like just handing money to scammers.

>>23532001
> "If you knew anything about the history of MySpace you would know Myspace flamed out at a billion dollar when it was less than 1% of what Bitcoin was. Bitcoin was never MySpace. Bitcoin is the Facebook of digital monetary networks. It's software eating money"
That quote is from Michael Saylor, MIT graduate with a double major in aeronautics and astronautics; and science, technology, and society. CEO and founder of Microstrategy and founder of a couple other billion dollar companies and author of New York Times bestseller book about technology and someone who invested $250 Million of company's treasury in Bitcoin.
> "Bitcoin is MySpace"
Retards

Opportunity incoming

>>23485757
Raoul Paul of Real Vision thinks Bitcoin is going to $1 Million and by far the greatest investment right now for the future. Biz spams Real Vision shit saying buy QNT
https://www.youtube.com/watch?v=YdfH3F4ZDhc
https://www.youtube.com/watch?v=Cg10yYZjK94
https://www.youtube.com/watch?v=qL2LfVRl3J0

>>23415188
>>23415218
zoomer investing $500 in pumps and dumps that go up 10X times and dump to nothing don't understand the long term gains, liquidity and legitimacy of a non-shitcoin

>>22533954
read the book and enjoyed it thoroughly. But BTC is just a long term hedge and should be a small part of your portfolio not something you go all in on hoping to get rich

>>21856129
> billions are illegally transferred out of China using Bitcoin every year
> billions are paid for illegal drugs in the darknet markets every year
> almost $5 Billion in Bitcoin is managed by the Grayscale trust which is used by institutional investors in their portfolios as an uncorrelated asset
> in the past you had tin foil hat investors buy Bitcoin as a hedge against inflation. Now you have legendary traders like Paul Tudor Jones buying bitcoin as an inflation hedge and enterprises like Microstrategy using BTC to hold money instead of USD
There is literally billions of dollars in massive crypto adoption and retards are missing it because Bitcoin isn't spent for buying coffee

>>19390825
I only have 3. I've given up on it. Too much lost opportunity owning tech stocks that only go up. That said BTC will probably moon when I least expect it.

>>18959193
> comparing crypto to tech companies
> comparing crypto to phones

>>18839396
when he talks about techtonic plates he's talking about the buying vs selling pressure. The selling pressure has been the strongest from miners with their 1800 rewards. For BTC to hold an average price of say ~$8K from Jan. 2018 to now means ~$14MM of new money has to come is just to support the downward pressure of miner rewards. That buying pressure has been pretty constant to hold that type of price range. The selling pressure has probably been even more with big whales dumping, price manipulations, exogenous events etc thus resulting in massive volatility.

when he talks about inflation he's talking about mining rewards. Now halve that to 900 daily rewards and the buying pressure remains the same, this will start to cause an upward rise in price when this begins to have more and more of an impact on the market. Even whales dumping will now have a less of an impact. This will cause an upwards price movement, bring in new buyers, result in more money flowing in where a support of $40K requires about $36MM new money coming in daily. This is entirely reasonable expectation and not some moonboy dream of $100K next year which I don't think there will be enough new money coming in to support. But long term it's probably to have continuous appreciation that beat the traditional markets although the days for parabolic returns after halvenings is probably over.

>>17713266
> Currency - used for circumventing capital flow restrictions in china and other authoritarian countries so much, trading has been banned in these countries. Whenever darknet markets are seized, all trading is in Bitcoin and thousands of Bitcoin is seized.

> Store of value - Best performing asset over the last 10 years.

> Hedge against world recession - performing better than gold this year. BTW, gold tanked in 2008. Bitcoin only has to be a diversifier like gold is not correlating to equities markets.

>>17560902
AMAZON.com

>>16049864

Have fun new friend, we’ll still be here when you lose all your money

>>15550111
>>15550120
>>15550174
>>15550231

Imagine being this retarded. Visit a board of autists who are betting their lives on getting out of the rat race with a digital revolution in decentralized money. A ton of people have already made it. It keeps going up for 10 years because of increased network effect and programmed scarcity. It's still the early stages and has plenty of room for growth. The only investment where neets, incels, internet nerds, people in the 3rd world lucky enough to have internet and find this had an opportunity to invest before big Wall Street money.

But instead of taking advantage of it, fucking retards think the future is a precious rock which is down -34% in the last 40 years. Think about that. You would have been better off investing in literally any dogshit house, stock or government bond than this precious rock.

Always remember 99% of shitcoins die.

BITCOIN BITCOIN BITCOIN

>>15049919

ETH potentially has a bright future. There is a lot of cool experimentation going on. Right now it's shit though and I wouldn't hold it. If and when things change, I will buy a shitcoin of ETH with a little BTC. Remember ETH was like .15 BTC in June 2017. It makes no sense holding ETH right now as it continues to spiral in ratio.

I hold 98% BTC and 2% XMR. I actually use XMR. Yup, stacking satoshi

>>14994916

Yes, I am not stupid.

>>14692006

based

>>14637865
>>14637971
>>14638147

I think $80-90K highs is a reasonable forecast. I really don't think some of these huge price levels for BTC can be supported in as early as 2021. Even to eat up JUST the BTC mined in 2021 at a price of $100K, 32 BILLION BTC needs to be bought. Most of the top 50 companies by revenue do a bit over 100 Million for essential products like Exxon Mobile, Chevron, etc.

>>14631272
>>14631641

Vitalik previously stated that ETH supply wouldn't go over 100 Million. It's at almost 107 Million

> Hence, in the foreseeable future, the supply will not go far above 100 million.

https://www.reddit.com/r/ethereum/comments/5izcf5/lets_talk_about_the_projected_coin_supply_over/dbc66rd/

Vitalik's word didn't mean shit but we're supposed to trust a faggot researched who sagys ETH issuance MIGHT one day reduce by 10x?? KEK

> Ethereum might reduce issuance by 10x in two years according to an estimated timeline by Justin Drake, an eth 2.0 researcher at the Ethereum Foundation

There is no sign or chance of this being implemented in the monetary policy

https://docs.ethhub.io/ethereum-basics/monetary-policy/#proof-of-stake-impact

Meanwhile every POS coin, PeerCoin, NXT, Ark, Tezos, etc price tanks because there are small group of people who own the supply and benefit from staking. In no way is this shit ever going to come close to challenging BTC as an appreciating asset and store of value.