/biz/ - Business & Finance

yeah let's watch this one go...

>>11858898

So do we buy at $99 for the bounce or no?

>>11858898

IT WAS SUPPOSED TO BE $10K EOY

what is it now, bros?

>>11858898

One ETH = One ETH

>>11858932

$118 dollars

122 tether stable coins TM

>>11858951
holy shit, hahhaha
thanks anon

>>11858951
question is, when will exchanges run out of USD

>>11858976

Depends on the exchange, doubt for a while. Anything USA/UK/AUS is likely safe enough.

>>11858898
Braaaap

AAAAAAAAAAAAAAAAAAAAAAAAAAJ

>>11858898
I bought that shit at $1200
I don't even fucking care anymore

>>11858949
#HODL

It's funny, a few months ago I would be drooling at buying ETH for $100. But now I don't think I would touch it over $50.

>>11858898
watching

>>11859068
long term $50 would be a goo entry but mid term it could even go to $20 or so and then sideways for months or even years if there is no adoption, around $10 is the actual demand for all the shitty ponzi games and so forth

>>11859090

I can't wait to see all the ICOs fail that didn't cash out at the top, fuck them

>eth was once 1600

In awe at the size of this dump

Absolute JUST

>>11858898
Wow lol i just bought some @ 130 what the hell.

>>11859090
agreed, without ICOs ETH is only useful as gas

>>11858898

>tfw I lost all of my savings on cryptos
invested 12k in december, atm those cryptos are worth 2k
Lmao i dont even care anymore, im laughing at my own stupidity

Holy shit i just realised that ETH is actually worthless and that only asset backed currencies like Holofuel have a future.

We're gonna win.

>>11859157

Are you fucking serious? This shit-token is down 90% from the ATH and is still dumping 11% along with every other crypto. Newsflash: if ETH dies, so does your shitty copy-and-paste scam coin. Now fuck off, pajeet.

>>11859155

Based and red pilled. Excellent time to fill your bags, anon.

>>11859046
>tfw the decimal place moves to the left

>>11858898
crypto is finished

but i still have my braap folder

>>11858898
more like its brappening

>>11859155
this
I have low ball offers in for ETH on CB. when they fill, it gets shipped to Binance or IDEX for HOT.

>>11859112

>>11858898
I have a 5000$ order at 100$

>>11859188

Ether is not Ethereum. You brainlets should really do some reading about what you're "invested" in.

Ether could go to $10, stay there, and Ethereum would still work just fine.

>tfw we're still up 78% over ETH on the monthly chart

Hilarious.

>>11859019
kek

>>11858898
Can anyone tell me what it's like to have a girl like this as your gf? Honest question

PEDO SKELLY REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

caught falling knife at $150

HERE TO WITNESS THE DOUBLE DIGIT SHITCOIN

>>11858927
>The bounce
>Implying its not over

>>11858898
Eth will not go below $103. I'm letting you anons know because I won't be able to buy any unfortunately.

>>11858898
not in November, too many buyers there.

Chainlink will unironically save Ethereum in 2019

Buy the dip

>>11859113
>without ICOs ETH is only useful as gas
how many times did you use btc in the last month and for what purpose?

>>11858928
The good old days.

>>11859845
for storing value and long term hedging against inflation.
The whole utility of btc is to store and transfer value
eth is a shitcoin, a fucking fee token, useless as an investment

>>11859898
>for storing value and long term hedging against inflation.
Unless you live in venezuela it failed horribly
>The whole utility of btc is to store
which it doesn't
>transfer value
which eth does much better

bitcoin is the most overvalued shitcoin of all

>>11859422
Bump, please tell me

>>11859422
I'll never know. I went all in on ETH.

>>11859910
>Unless you live in venezuela it failed horribly
no it hasn't, I'm talking 3+ years time horizon
>which it doesn't
yes it does, on a long enough timeframe
>which eth does much better
transfering itself doesn't give an asset any value, holding does. People want to hold btc over eth because it's more secure, more immutable, has a supply cap and is more decentralized.

>bitcoin is the most overvalued shitcoin of all
you fell for the utility meme like a typical brainlet.

Fucking bitorrent has more utility than shiny rocks and guess what which one is worth more

>>11859960
>no it hasn't, I'm talking 3+ years time horizon
a store of value is stable, bitcoin is never going to be stable, which means it's never going to be a store of value.
Stablecoins are for that and every stablecoin is on ethereum now - one is also on btc (usdt).
>transfering itself doesn't give an asset any value
it does because you have to hold to transfer, but in eth's case the major value is going to come from staking.
>holding does
ie. buying to sell to someone else, who has to buy for the same reason. People are finite and eventually there are no buyers. That's why bitcoin has no future.
This was either the last or penultimate bitcoin bubble.
Do you know it takes $2.5B/year just to keep the current price? Mining is at close to zero profit now.
Where's that money supposed to come from for years? A higher price increases that directly.
The moment eth gets PoS bitcoin can't survive just because of that.
Or more like if eth gets PoS, indeterminate delays is why it's dropping so much.
>Fucking bitorrent has more utility than shiny rocks and guess what which one is worth more
bittorrent, but there's no way to monetize a protocol. Http is a better example.

>>11859933
so why are you answering? i need a fucking answer

>>11860047
>a store of value is stable, bitcoin is never going to be stable, which means it's never going to be a store of value.
yes it will be, it will find its equilibrium just like gold did. It's not gonna go up in a straight line.

>Stablecoins are for that and every stablecoin is on ethereum now
stablecoins don't make any sense, I'm already risking holding fiat with possible hyperinflation why do I need anther layer of insecurity through a 3rd party allegedly holding fiat for me?
fiat isn't stable, it loses 2-6% each year

>it does because you have to hold to transfer, but in eth's case the major value is going to come from staking.
it's an equation and the shorter you hold the more worthless it becomes. Payment tokens are pretty much worthless

>staking
pie in the sky that is gonna collapse on its tits if ever implemented, even more so if they keep printing new coins infinitely

>ie. buying to sell to someone else, who has to buy for the same reason. People are finite and eventually there are no buyers. That's why bitcoin has no future.

Just like nobody buys gold right?

>Do you know it takes $2.5B/year just to keep the current price? Mining is at close to zero profit now.
>Where's that money supposed to come from for years? A higher price increases that directly.
>The moment eth gets PoS bitcoin can't survive just because of that.
>Or more like if eth gets PoS, indeterminate delays is why it's dropping so much.

Miners will mine for the block reward and in the future for the fees on large transactions.

Ethereum's proof of stake is a pie in the sky (constantly kicked down the road further and further) idea that won't even work.

>but there's no way to monetize a protocol.
exactly, it's all open source, value in crypto doesn't come from technology or utility but from the monetary properties, network effect, security, track record and immutability. No one is gonna hold eth or any other utility-based-projects'-shitcoins for any longer than they have to.

>>11858898
I've been waiting since fucking January to get in. Not buying til I see an actual capitulation.

>>11859220
YEAH BUDDY

/biz/ should be renamed to /brap/ with frens

>>11859933

>>11860159
>fiat isn't stable, it loses 2-6% each year
That's the cost of using tokenized dollars. Dollars in a bank have interest that's higher than inflation.
>Payment tokens are pretty much worthless
that's literally what bitcoin is
>Just like nobody buys gold right?
it's a price fixing scam by central banks today.
https://www.gold.org/what-we-do/official-institutions/central-bank-gold-agreements
It has some industrial and jewelry demand, but without central banks the price would collapse.
>Miners will mine for the block reward
Umm that's the whole problem. Hashrate rises with price until profits from mining go to zero. Then miners have to sell everything they mine. There's no money anywhere to support bitcoin above $100k for any long period of time.
Bitcoin is inflationary in the worst possible way - inflation is used to waste resources.
>idea that won't even work.
it already works in tezos, ethereum devs are just lazy as fuck
>value in crypto doesn't come from technology or utility
value comes from utility only. The rest is temporary speculation.
Bitcoin is going to zero in 10 years, even if it manages to visit $100k in one last bubble.
Mining inevitably kills bitcoin.
>security, track record
it had two security holes that allowed for infinite inflation, last one got patched in October.
https://bitcoincore.org/en/2018/09/20/notice/
It was detected by a bitcoin cash developer, sadly instead of killing the abomination he notified core about the bug.
It also had one consensus error between different versions which required a 51% attack to fix.
The security record is very bad. Ethereum had zero security holes so far.

>>11860138
Bumping because no one will answer

>>11860398
wish i could tell you anon but i cant get gfs, i imagine however ppl could explain it wouldnt actually get the feeling across

>>11860298
>Ethereum had zero security holes so far.
LMAO are you fucking serious?

>That's the cost of using tokenized dollars. Dollars in a bank have interest that's higher than inflation.
no, it's simply a scam, that's what it is

>it's a price fixing scam by central banks today.
https://www.gold.org/what-we-do/official-institutions/central-bank-gold-agreements
It has some industrial and jewelry demand, but without central banks the price would collapse.
gold had value for thousands of years, keep your mental gymnastics for yourself

>Umm that's the whole problem. Hashrate rises with price
hashrate can rise without btc price rising, if the asics are more efficient too

>until profits from mining go to zero. Then miners have to sell everything they mine.
how do you know they aren't selling immediately now?

>There's no money anywhere to support bitcoin above $100k for any long period of time.
thats based on what? they will mine as long as there are bitcoins to mine and transaction fees to claim, miners are like prostitutes, no need to suck their dicks and begg for anything

>Bitcoin is inflationary in the worst possible way - inflation is used to waste resources.
the supply is capped unlike shithereum, it's disinflationary currently and the fact that's it's still the no1 crypto after 10 years shows it's here to stay whether all the Sillicon Valley utility shitcoiners like it or not.

>it already works in tezos, ethereum devs are just lazy as fuck
centralized shitcoins

>value comes from utility only. The rest is temporary speculation.
utility of the protocol doesn't mean shit if people don't have any reason to hold the coin

>The security record is very bad.
those were hard to exploit bugs that got patched on time. Core devs also notified bcash devs about their bugs but they instead pretneded like "oh it's nothing"

>>11859422
Fantastic, ass sweet as candy. Expensive as hell though. Ultimately the marginal difference isn't worth it; go for a voluptuous conservative maiden

I just use eth as a shitcoin to transfer and buy other things

>>11860423
>LMAO are you fucking serious?
show one
>gold had value for thousands of years, keep your mental gymnastics for yourself
because people were forced to pay taxes in gold. Normal people didn't produce gold, so they were first forced to sell their wealth for gold obtained from a tiny elite.
Gold was indeed used as a wealth extraction method by governments for thousands of years. Nobody would use it otherwise.
>hashrate can rise without btc price rising, if the asics are more efficient too
irrelevant
>how do you know they aren't selling immediately now?
hash rate peaked three weeks ago, so I know they are for at least three weeks.
>thats based on what?
If the value of block reward is $1M, miners will increase operations until cost becomes almost $1M, dumping everything on the market. The buyers pay for mining.
>it's still the no1 crypto
Ripple was first two times based on the total supply. Bitcoin's real circulating supply is much smaller.
>it's here to stay whether
If eth got 80% inflation reduction like they promised it would already be #1. It didn't flip bitcoin only because it had 3.3x higher inflation in 2017, 2x higher since November.
PoW coins can't compete with PoS over the long run, xrp is the first harbinger. Very small real demand, but no mining to waste money -> everything goes into market cap.
>people don't have any reason to hold the coin
the only reason people hold btc is to sell it to a great fool. Staking is an actual investment that gives profits based on utility.
>those were hard to exploit bugs that got patched on time
The first one weren't, the chain was rolled back.
The recent bug only got patched in time because awemany (bch dev) told them about it rather than exploit.
Bitcoin security history is abysmal. The recent bug was introduced by Cory Fields in November 2017 btw.

>>11860464
Same. Faster and cheaper than buttcorn.

>>11860423
It's hasn't had any at the protocol level, just contracts.

>>11859326
If ETH went to $10 a lot of miners would stop mining it, and it would stop being plausibly censorship resistant. The hash rate matters, you fucking brainlet.

>>11860398
It's nice when she sits in your lap and wiggle that butt on your junk until your ether rises. Make sure you get that ass gyrating on your shit when it hits 50 for the next dick up.