/biz/ - Business & Finance

>>12121462
Only if the devs can't deliver revolutionary tech required to scale Ethereum.

>>12121470
They will just ham fist Raidens lightning network into it if all else fails.

>>12121470
so... that's a yes then

>>12121462
pretty much yea

>>12121462
It's going lower

>>12121462
Yeah. You tried to catch a falling knife.

>>12121462
Nah senpai you'll be real comfy soon anon

>>12121462
Anyone trying to catch that falling knife is an idiot.If you don't care about losing the money do whatever you want.

>>12121462
nana ogura is the best! love it when she's lying down, getting fucked, and smiling at the guy with the "yes, baby, cum onto my face when you're ready" face

>>12121462
shoulda waited till next month, coulda bought 100 for the price of 50 now

>>12121462
not 100% retarded but still quite retarded. just dont fall for muh stakin meme & sell big fat green candles and you might one day stop being so fucking poor
t.not a pajeet like you

FUCK FUCK FUCK ITS GOING TO DUMP AHHHHHHHH

>>12121462
I mean.. short term you could make a few percentages. Just sell it after a small gain and re-buy later. It will dump harder than BTC when BTC starts dumping again.
There's LITERALLY no bottom for alts, except 0 obviously.

>>12121462
interesting image, OP

>>12121462
are you willing to lose at least ~40% of your usd value?

>>12121462
She looks like my ex-girlfriend from highschool.

>>12121462
the only thing you should be doing is SLOWLY DCAing into btc, not touching any shitcoins, especially as overvalued as eth

>>12121569
>ETH is an alt
stop this meme. ETH is more widely used than BTC.

>>12121762
doesn't matter, visa or mastercard are more widely used than gold and check for yourself which one has a higher market cap
eth is a dying shitcoin with huge ass blocks on its way to the dumpster

im going to wait until this sell-off cools down for a bit

>>12121786
>comparing gold to a dying shitcoin like BTC

>>12121852
>dying
lol keep buying high and selling low
imagine being such a cuck that you base your opinion on price, I guess at $20k you felt like btc was the best piece of technology in the world, or even if you didn't, many people who are talking trash right now, did back then

>>12121212

>>12121462
I'm holding 40

>>12121878
>he's holding his dead boomer shitcoin all the way to $0 because he still thinks it's revolutionary "tech"

>>12122034
crypto is not about the tech you brainlet it's about the network effect, and bitcoin is the biggest network because of its decentraliation security and immutability, not because it promises to build AI on Mars or whatever your shitcoin promised to you

>>12122077
well of course its not about the tech to a tiny block corecuck. you're not interested in widespread adoption. btc is the biggest network purely because it was the first, but it has no use anymore and its declining value is a reflection of that.

>>12122271
if rasing the block size didn't sacrifice decentralization/security it would've been done long time ago, adoption is a meme, no one wants to use crypto for payments nowadays and beecash failure shows that
scaling should be done on second layers and the base layer should be kept as clean and secure as possible

>>12122360
>no one wants to use crypto for payments nowadays
thats because you fucked it all up

>>12122360
>storing value over time
>90% down and counting
>needs to be widely held to become a store of value
>"adoption is a meme"
ok

>>12121462
>buying crypto in the middle of a bear market with no reversal in sight
are you retarded

>>12122271
Look the blocks were raised BAB got what they wanted. No one used the block space though.

>>12122380
no brainlet, it's because it doesn't make sense to go through the hassle of buying crypto with fiat just to sell that crypto for something, it doesn't make any fucking sense and brainlets at bch are realizing that now, if you think that something will go up you don't want to spend it and if you think it will go down then why even holding it in the first place. It's simple logic.
Gold is more valuable than visa and master card combined, payments are a feature, store of value is where money is at, read what I posted in the previous pic

>>12122416
>hurr it doesn't go up in a straigh line therefore it's not a store of value
call it an emerging form of money if you want, it doesn't matter. There is a gradual evolution of new money but most people cannot grasp that concept because its never happened before.

Bitcoin is a fiat alternative not visa alternative, you can raise the block size all you want and have millions of transactions per second it doesn't matter, payment adoption is a meme, btc adoption as a new form of money is not

>>12122360
this is bullshit that has nothing to do with monetary history.
Rare items (like gold) always began as forced money. The local warlord confiscated people's gold and monopolized mining, then demanded payments in it. As a result he forced people to accept his gold for payments.
The same model functions today with fiat that has to be used to pay taxes.

Without taxes, people traded using things that have inherent value, like cows or goats. That's the most natural form of money. It's easily observed in prisons and pow camps - cigarettes instantly become the main form of currency.

>>12122460
>it's because it doesn't make sense to go through the hassle of buying crypto with fiat just to sell that crypto for something
no, that would be no problem at all with fast and cheap transaction speeds. the only reason its a hassle now is because of your tiny blocks and inability to scale. The BTC network literally fails when too many people try to use it. Also, the whole reason you're building a shitty sidechain is to enable people to use Bitcoin like cash you contradictory brainlet.

>90% losses in value don't make it any less valuable
Cognitive dissonance.
>Bitcoin is a fiat alternative
Except way shittier, slower and more expensive to move
>payment adoption is a meme
Again, thats because BTC faggots made it impossible for BTC to be used like cash as was intended. And if you want it to actually become an actual store of value, it needs to be widely held first, which it isnt and never will be now.

>>12122460
Also Gold has inherent value to people which no other metal can duplicate, BTC's value was based purely on speculation. And thats why now that the bubble is over and people are realising its vaporwave shitcoin at this point, it is losing its value and is crashing to the ground.

>>12122509
gold wans't the best form of money because it's not as easily divisible, bit it sure as hell would've been better and prefered to barter even without the warlords, btc is divisible, portable, unconfiscatable, it's superior to gold and FIAT, but it's gonna take time for people to understand it, becashers thought that if they get more txs/s then adoption will happen overnight, sacrificing decentralization, both bch forks are a total joke now

>>12122544

>no, that would be no problem at all with fast and cheap transaction speeds. the only reason its a hassle now is because of your tiny blocks and inability to scale.
but you got your fast bcash or nano, why is there no global adoption huh? it's not about the transaction speed, it doesn't make sense to use a volatile currency as a daily payment method, deal with it, you buy it to hold if you think it will go up or you don't touch it in the first place if you think it will go down, it's that simple, when btc is stable and has a market cap in multiple trillions then we can talk about slowly moving to a medium of exchange

>Cognitive dissonance.
no it's just market cycle, but maybe you can tell me why bcash dropped even more if it's so clearly superior?

>Except way shittier, slower and more expensive to move
no, it's better because it's dedlationary in the long term and no jew can print more out of thin air. What you're talking about are payment methods, compare LN to visa later on if you want, btc itself is money, not a payment processor

>Again, thats because BTC faggots made it impossible for BTC to be used like cash as was intended. And if you want it to actually become an actual store of value, it needs to be widely held first, which it isnt and never will be now.

No one wants to use crypto as cash I explained it to you many times, but you refuse to listen, go buy your coffee with nano or bcash and then tell me how your life improved because you used crypto instead of fiat for that purchase

>>12122630
>bit it sure as hell would've been better and prefered to barter even without the warlords
no. why would anyone want gold?

>Around 3,100 BC, the Egyptian ruler Menes laid the foundation for incorporating gold into the Egyptian economy and decreed that “one part of gold is equal to two and one-half parts of silver in value”.
>egyptian ruler decreed

>The first official declaration of gold as money came around 600 BC, where King Alyattes of Lydia, an ancient kingdom in modern-day Turkey, oversaw the first recorded mint. An alloy of silver and gold known as electrum was used to create coins

https://glintpay.com/gold/history-gold-money/

Does that sound like something people used out of their own free will? No. It was forced by the ruling class to extract wealth from the subjugated majority.

Bitcoin has no inherent value, so the only way it's ever going to become an actual store of value is if governments force people to use it.

>>12122630
>but you got your fast bcash or nano, why is there no global adoption huh?
Because the failure of BTC to scale created a shitcoin crypto bubble which popped. Why would anyone want to buy highly overvalued tech now, when the market is crashing? There's no faith in this market now that its clear BTC failed.
>when btc is stable and has a market cap in multiple trillions then we can talk about slowly moving to a medium of exchange
But it's never going to happen because there is no value in BTC to see it moon to a multitrillion dollar marketcap. The only value it had was its potential as a p2p cash system
>no it's just market cycle, but maybe you can tell me why bcash dropped even more if it's so clearly superior?
Keep rationalizing and praying it will go back up. I guarantee you it's never reaching 10k ever again. Bcash is another shitcoin backed by individuals on the verge of bankruptcy.
>no jew can print more out of thin air.
They can limit its use and kill it before it takes off though, which is what Blockstream did with BTC.
>btc itself is money
Kek. Money that no one can use as a means of exchange and is plummeting in value
>No one wants to use crypto as cash I explained it to you many times
And I've explained to you many times why no one wants to use it as cash any more, even with Core's shitty attempt with Lightning.
>go buy your coffee with nano or bcash
Except that's exactly what Lightning is aiming for, retard. And it will fail just like the main BTC chain failed.

>>12122684
gold was simply better than barter and bitcoin is better than gold, it's that simple

>>12122740
>Because the failure of BTC to scale created a shitcoin crypto bubble which popped.
yes it's the big bad bitcoin that disallowed any other coin to prove it wrong, lol nice cope, the shitcoin bubble was mostly driven by the "blockchain not bitcoin", "decentralize everything", "web 4.0" hype, it was the exact opposite of what btc was about.

>Why would anyone want to buy highly overvalued tech now, when the market is crashing? There's no faith in this market now .
I see many people buying back or accumulating more btc at these prices, shitcoins on the other hand are going to 0 where they belong, maybe you like to buy high and sell low, that's you business
>that its clear BTC failed
wishful thinking of a nocoiner who is scared it may actually start going back up without you onboard, typical

>The only value it had was its potential as a p2p cash system
no, btc value comes from it being the most secure, decentralized form of Sound Money on the planet currently, look up the token velocity problem, maybe you will realize that the "transacting" meme doesn't bring any value to the network

>I guarantee you it's never reaching 10k ever again.
cope/wishful thinking again

>They can limit its use and kill it before it takes off though, which is what Blockstream did with BTC.
yea? how exactly can they do that? blockstream didn't stop anyone from forking btc and running their own version with 1tb sized blocks or whatever lunacy some people believed in

>Money that no one can use as a means of exchange and is plummeting in value
wrong, everyone can use it, people use it in venezuela right now, and if you want something that goes up in a straight line then I don't know maybe look for some boomer indexes, but even the traditional markets go through cycles

>>12121606
That girl's name? Alberta Einstein.

>>12122740
>And I've explained to you many times why no one wants to use it as cash any more, even with Core's shitty attempt with Lightning.
that's false, and still doesn't explain why all the "bitcoins but faster" fail if they are clearly so superior

>Except that's exactly what Lightning is aiming for, retard. And it will fail just like the main BTC chain failed.

nothing failed its just your wishful thinking, lightning is here so that retards stop complaining about "muh coffee" and fuck off with their stupid purchases to offchain layers

>>12122856
>yes it's the big bad bitcoin that disallowed any other coin to prove it wrong
well why do you think the whole market crashes when BTC does? Why does the crypto market exist in the first place when it didnt have to?
>The shitcoin bubble was mostly driven by the "blockchain not bitcoin", "decentralize everything", "web 4.0" hype
No, Bitcoin was by far the biggest buzzword/meme of them all, with "blockchain" a distant 2nd. Most of the people who got interested in blockchain or decentralization was derived from an interest in Bitcoin.
>I see many people buying back or accumulating more btc at these prices
I saw many people buying at 6k and 5k too. Months later it's still dumping, no sign of slowing down.
>Sound Money
Slow, expensive, unrealiable, and unable to scale. It's shit money.
>yea? how exactly can they do that?
By slowing everything down to a grinding halt, and creating a reactionary shitcoin bubble, when it could've had widespread adoption by now had it not been deliberately sabotaged.
>wrong, everyone can use it, people use it in venezuela right now
Lol, usage has tanked. As soon as transaction volume starts picking up again they won't be able to afford the high fees or endure the slow transaction speeds.

>>12122877
>that's false, and still doesn't explain why all the "bitcoins but faster" fail if they are clearly so superior
You're looking for an answer to the question of why people aren't investing in a crashing market. No one has faith in crypto right now. They see it as a bubble, a bubble which was created out of BTC's failure to be used as p2p cash.

>>12122988
>widespread adoption by now

Its been a year now and no other alt can even come close. I use to think this but this bear market is making me a BTC maximalist. Bitcoin works fine and dominates DNMs and gambling the only real use case. Going on 11 years, I don't see what is going to flip this.

>>12123021
BTC is dying and bringing everything with it

>>12122988
>well why do you think the whole market crashes when BTC does? Why does the crypto market exist in the first place when it didnt have to?
because people are brainlets, it's not my fault. 99.9 % of all the coins/tokens are worthless

>No, Bitcoin was by far the biggest buzzword/meme of them all, with "blockchain" a distant 2nd. Most of the people who got interested in blockchain or decentralization was derived from an interest in Bitcoin.
no it wasn't, all the alts were either shtty dapps or eth "competitors", there was only ver few pure "currency coins". The entire alt bullrun in dec/jan was based on the blockchain/platform/dapps/protocols meme fueled by btc minimalists like vitalik and other scammers

>I saw many people buying at 6k and 5k too. Months later it's still dumping, no sign of slowing down.
I'm talking about btc maximalists, not some twitter moonboy gurus. Everyone wants to buy when it's high, not when it's down, that's why most people will stay poor and fomo in as btc gets to a new ath just to get dumped again by the market forces which have nothing to do with btc fundamentals
price always gets ahead of actual adoption during bull markets and the opposite during bear markets, if you got burned buying at 10k/6k etc is not my fault.

>slow, expensive, unrealiable, and unable to scale. It's shit money.
it's fast and cheap, just because a few moonboys create a bottle neck during a few days of mania every few years doesn't mean it''s slow. No one is gonna raise the block size just to satisfy a few retards who want t have their btc transfered in a few sec almost for free. LN is a solution to that problem in the future.

>By slowing everything down to a grinding halt
no one slows down anything, you don't know anything about the block size, you just scream like a 2 year old "I want it fast and cheap now!"

>>12123021
>Its been a year now and no other alt can even come close.

EOS has a fully functional reddit style platform that you can post on 100% free with no need for a wallet. Thats more than close, it literally just needs to support more coins and more promotion and it BTFOs reddit twitter facebook youtube and everything else in every possible way. Anyone not aware of this needs to fucking KYS.

>>12122988
>and creating a reactionary shitcoin bubble, when it could've had widespread adoption by now had it not been deliberately sabotaged.
if raising the blocksize was such a great solution then one of the shitforks would've replaced btc long time ago, you have no idea what you're talking about

>Lol, usage has tanked. As soon as transaction volume starts picking up again they won't be able to afford the high fees or endure the slow transaction speeds.
like I said it's cheap and fast now, and it will be virtually free with LN in the future

>>12123011
and it proves that there is no demand for crypto as an alternative payment method especially in the first world countries, deal with it. Bitcoin is about having scarce money that no one can print at will. That's it, not fucking buying coffee and thinking that if we all start sending it to eachother it will magically go up to millions of dollars a piece

>>12123116
>reddit
Kill yourself, please
Why would I buy EOS when I use the internet for free? I don't pay for my movies I torrent them why would I pay to use a blockchain for anything...

>>12121462
lol yes

>>12123135
>Why would I buy EOS when I use the internet for free?

You dont need to buy EOS. You can use the platform with no need for a wallet. Its free and its censorship resistant as well as it allows ways to make money where nobody can stop you or ban you. It costs no fucking money and you gain all of the benefits of cryptocurrency.

>>12123101
>because people are brainlets
no it's because alts are paired with BTC and whenever BTC dumps it reverberates through the shitcoin market. They are worthless but theyre crashing right now because of the crypto bubble which BTC sprouted
>The entire alt bullrun in dec/jan was based on the blockchain/platform/dapps/protocols meme fueled by btc minimalists like vitalik and other scammers
And why was Ethereum created? Because of BTC's failure to scale and to failure be used as p2p electronic cash. All these shitty little meme chains are rooted in BTC's failure.
>I'm talking about btc maximalists, not some twitter moonboy gurus.
Like there's any difference in intelligence. Half of those maximalists are closet moonbois too.
Again you're rationalizing. People dont only want to buy when it's high, people have been trying to catch this falling knife for 11 months. Every new low is "a good time to buy".
>it's fast and cheap
Not when there's actually any network volume it's not. It's the opposite. I duno why youre attributing lack of scaling ability to moonbois. You even admit its not supposed to be widely adopted so why can't you just admit it becomes slow, expensive and unrealiable when transaction volume starts to pick up?
>No one is gonna raise the block size just to satisfy a few retards who want t have their btc transfered in a few sec almost for free. LN is a solution to that problem in the future.
When you say "a few retards" what you really mean is potentially billions of people who couldve used BTC as money. Your store of value meme has no foundation when BTC has no inherent value. LN is garbage.

BTC is all about cooperation as a higher layer of organization. Altcoiners will eventually figure this out.

>>12123250
>no it's because alts are paired with BTC and whenever BTC dumps it reverberates through the shitcoin market. They are worthless but theyre crashing right now because of the crypto bubble which BTC sprouted
whatever, man what's even the point? they are worthless and I don't care what are they tied to. Don't blame btc for scammers creating shitcoins and brainlets believing in them

>And why was Ethereum created? Because of BTC's failure to scale and to failure be used as p2p electronic cash. All these shitty little meme chains are rooted in BTC's failure.
it was created because vitalik and other lefty btc minimalists fell for the blockchain meme as a cure for everything in the world, muh decentralized supercomputer muh dapps, a scam. again nothing to do with btc. Scaling needs ot happen on second layers.

>Like there's any difference in intelligence. Half of those maximalists are closet moonbois too.
Again you're rationalizing. People dont only want to buy when it's high, people have been trying to catch this falling knife for 11 months. Every new low is "a good time to buy".
whatever you say, it's the market not bitcoin, keep blaming everything on btc lol

>Not when there's actually any network volume it's not. It's the opposite. I duno why youre attributing lack of scaling ability to moonbois. You even admit its not supposed to be widely adopted so why can't you just admit it becomes slow, expensive and unrealiable when transaction volume starts to pick up?

it's not gonna be adopted as a payment method before it's a widely recognized store of value, you're putting carts before the horses. Scaling will happen on the second layer. I feel like I'm talking to a wall

>When you say "a few retards" what you really mean is potentially billions of people who couldve used BTC as money. Your store of value meme has no foundation when BTC has no inherent value. LN is garbage.
people buy btc as a hedge against shtty inflationary FIAT, nobody buys btc just to spend

>>12123120
>if raising the blocksize was such a great solution then one of the shitforks would've replaced btc long time ago
It was the solution for Bitcoin. Development got put back years, spawned an oversaturated shitcoin market and now after the bubble pops and the market is in meltdown you're asking why these shitcoins aren't mooning. Businesses or individual don't invest in crashing markets, period. Wait til everything crashes and the dust settles to see an emerging contender, if there is one.
>like I said it's cheap and fast now
Ok just ignore the fact that its only "cheap" now because no one is using the network

>>12123301
it, it doesn't make any fucking sense

>Your store of value meme has no foundation when BTC has no inherent value.
it has value in it's security, decentralization, immutability and sound money properties. Gold doesn't have any "inherent value" either by that logic yet it sits at almost $8T market cap, and don't even start with your electronics or jewelry because we all know it's a meme

>LN is garbage.
because you are an impatien moonboy, internet was alaso shit in 1995

>>12123308
No I'm not asking why shitcoins aren't mooning, I'm asking why there is no mass adoption of crypto for payments? there is plenty of shitcoins with big blocks and cheap, fast transactions, why is there no adoption? all of a sudden when it doesn't moon people realize they don't want to touch it? because I fucking told you, there is a gradual evolution of money, you're putting a cart before the horses, no one is gonna KYC on an exchange, wire FIAT, buy a specific coin, then withdraw it and spend at a local grocery store which also has to go throguh the hassle of converting it back to FIAT because they don't want to hold a volatile currency in its early stages (compared to gold/fiat)
It doesn't make any fucking sense

anyway, I'm going to sleep, stay on the sidlines with your stupid delusion, I'l make sure to save this thread and laugh at you in a year from now posting it as a funny reminder

>>12123308
This bear market will last years. Whats going to be your cope after 2 years? BCH needs bigger blocks or Nano needs more zoomers or XRP just needs a few more partnerships.

>>12123301
>Don't blame btc for scammers creating shitcoins
But it's literally because of Blockstream sabotaging it that the shitcoin market emerged
>it was created because vitalik and other lefty btc minimalists fell for the blockchain meme as a cure for everything
Vitalik would've never created Ethereum if Bitcoin chose to scale and develop. All those scam ICOs wouldnt have existed without Blockstream stagnating BTC's growth.
>it's the market not bitcoin
The market is dominated by bitcoin
>it's not gonna be adopted as a payment method before it's a widely recognized store of value
It's not going to be recognised as a store of value because it isn't going to be widely held.
>people buy btc as a hedge against shtty inflationary FIA
Kek, that's been going well for them the last 11 months.

>>12123313
>it has value in it's security, decentralization, immutability and sound money properties
No one buys money just to store it
>Gold doesn't have any "inherent value" either by that logic
To humans it does though. It's shiny and rare. It's also non-corrosive and a good conductor. BTC doesnt offer anything besides somewhere to store shitcoins.

>>12123301
>Scaling will happen on the second layer.

Scaling is going to happen with other coins that have scaling solved. Nobody is going to use second layer solutions. The closest example of a second layer solution is something like LOOM. Otherwise there is no fucking chance in hell.

>>12123347
There's no mass adoption because no one has faith in crypto, they see BTC crashing and businesses don't want in. Why would they adopt a currency that's bleeding out of it's ass? Even if it has the best tech in the world:?

>>12123515
>Why would they adopt a currency that's bleeding out of it's ass?

Stable coins ruin this entire concept at this point. A coin like ETH is a greater store of value than most crypto on the market because it has native stable coins tokens attached to it. At any moment you can freeze the value of your eth with no need for anyone's permission.