/biz/ - Business & Finance

>Listening to complete clueless loser e-celebs who are wrong constantly

>>12232569
be said yesterday he expects a green candle gigantic red dildo ensues

tone vay is a GOD who called sub 6k prices and also Im too lazy to actually listen to him so please give me cliff notes anon ok

he said that all the altcoins will die out . How do you feel about that Link Marines ?

>>12232559
he called the reversal to the downside yesterday. wish I listened and sold then.

>>12232559
I can't take Tone seriously until he sees altcoins as proper market competition. Calling every single project out as a "scam" is beyond retarded.

>>12232600
>t. deluded linklet

>>12232559
Leah might finally suck his slavic cock. He looks better, way better. Anyways, he was aiming for 5k but the daily candle was pretty bad. I shorted and now im up 7k. But hey.

>>12232602
Don't actually hold chainlink

can somebody for FUCKS SAKE please tell me where he sees the bottom so I can put in my buy/sell orders accordingly. jesus christ you faggots are like a bunch of chattering bitches give me the intel already

>>12232600
he's right tho just because there is an exception of 1-3 coins out of 2000 shitcoins doesn't mean that muh altcoins deserve any respect
I cringe every time I hear
>muh asset class
>muh digital asstes
no they are just fucking scams/trash, that's all they are

>>12232666
Let the markets deal with the scams and allow Hayek's dream to be realised. Calling different functional technologies a "scam" is just delusional. The world has never operated on one anything...ever!

>10 replies blabbering about shitcoins#
>not a single anon answering my question in OP
FUCK YOU SHITCOINERS GET OUT OF MY THREAD REEEEE

>>12232712
You have limited bandwidth or something? Watch his garbage yourself

>>12232559
I met this guy irl, im pretty sure its just an act and he doesn't believe anything he says

>>12232559

>Takes someone seriously not on what they think and say but their haircut and appearance.


let me guess. You lost money this year.

>>12232595
he fucking didnt

>>12232559
JEJKd

>>12232655
No one knows shit head.....optimistically 2.7k....pessimistically 1.4k. That's the info we all got! Deal with it.

This retard is a BTC maximalist, says everything should be built on top of BTC and ETH is going sub 0.2$.

>>12233261
>everything should be built on top of BTC

yes

>ETH is going sub 0.2$.

yes

>>12233261
so what is wrong about being a BTC maximalist? shitcoins are all worthless garbage... heck even BTC is worthless garbage right now with no real use case.

>>12233196
finally somebody gives up the goods
spank you very much anon, you were not a useless piece of shit today

>>12233557
If BTC has no real use case for you, it probably means you're poor.

>>12233572
>hurr durr youre poor
nobody uses BTC apart from some darknet faggots you faggot. its an unscaleable hunk of garbage. and yet its still the only thing thats remotely valuable in this shitshow we call the crypto market.

>>12232559
He looks like an evil genie.

>>12233584
why are you even here? stay poor faggot

>>12233605
im here for the same reason everybody is here. Im hoping to get rich off this ponzi scheme. but unlike you faggots Im not completely deluded

>>12233621
a worthless parasite who follows another parasite. who would of guessed

>>12233635
name one use case for BTC you faggot
name one thing you actually use this piece of shit for
>inb4 muh store of value
>inb4 muh method of payment
yeah great payment thats unscaleable, and great store of value that loses 50% in a day lmao

>>12233644
a currency outside the control of governments alone is very valuable. if you can't even figure that out just kys already

>>12233655
yeah great currency when the network grinds down to a halt as soon as you have more than 7 tx / s LMAO you deluded cunt probably still think this will take down the banks hhahaha

>>12233681
being the first generation to ever have access to something like this while invasive laws are being passed is groundbreaking. perhaps for poorfags nothing makes a difference anyway, your social conditioning has already determined everything for you

>>12233746
>muh groundbreaking technology
>muh paradigm shift
>muh social conditioning
lmao you are not only deluded but also ill-informed. tthe BTC dream tanked years ago you clueless cunt

>>12233765
funny you like Tone Vays while hating everything about bitcoin. find something else to speculate on and use leverage like everybody else does

that graph if actually true is also why I prefer altcoins

>>12233746
Can't teach old dog new tricks - don't try to sell crypto to boomers, their time is over.

>>12233823
who says I like tone vays? hes one of the few that called this crash so of course Im interested in what else he has to say. fwiw I never watched one of this cunts videos in my life and just want the cliffs because I cant be bothered to sit through 20 minutes of some faggot rambling on youtube.
>muh alts
BTC is the only shitcoin that has a remote chance of going anywhere. the dream is dead but (((they))) might still use it as backing for their new global currency, which will most certainly NOT be bitcoin.

>>12233848
you shitcoiners are out of your minds if you think this worthless garbage will ever be more than just bits and bytes. at least with BTC you can buy shit on the darknet and financial markets show interest in it. thats more than can be said about any of these worthless altcoins

>>12233765
4chan idiots can't say anything against Bitcoin that makes sense, all they know is to insult people and tell them suck dick fagot etc
Truth is they are too poor to buy, who has 4k to buy btc? Very small percentage of people and no one wants to own satoshis.
This is why alts exist, alts are literally bitcoin for poor and only poor losers buy alts and try to promote it on social media.

>>12233875
#1 I was talking about BTC, I never bought alts in my life, ever
#2 IDIOT if BTC is only bits and bytes then gold is only a shiny rock.

BTC is going to the moon, end of discussion.

>>12232600

>>12233908
The Moon is a Beautiful Lie.

>>12232699
>what is tcp/ip

>>12233557
>unconfiscatable money
>no real use case
you don't deserve oxygen, or BTC, that is

>>12233746
>being the first generation to ever have access to something like this while invasive laws are being passed is groundbreaking
Yeah dude myspace too the moon amirite
Dude like, online mailing lists, dude. Revolutionary social platform. To mars my dude.

Deluded luddite.

>>12233584
I use btc everyday storing my value in it
you fell for the keynesian coffee/utility meme, go buy nano or one of the bcash'es

>>12233883
>all they know is to insult people
Your entire post is just one long insult. That's what it is in its entirety.

>>12234285
great store of value that drops 50% in value within a day you faggot. you must feel real smart using this as your piggybank lmao

>>12234273
>its money
>except you cant buy anything with it
wew its a real paradigm shift

>>12232559

Looks like a terrorist now desu lolol.

>>12233765

>>12234316
>runs out of arguments
>pulls the plebbit card

>>12234292
I never lost 50% in a day you idiot and yes it's a great store of value if your attention span and time preference aren't as retarded like everything you say here.

Capped supply, unconfiscatable, immutable, decentralized, cenzorship resiatant currency is unironically fucking huge but because we happen to be on of the very few generations to live during this event you dismiss it as muh ponzi because you are too stupid to understand the basics of money and monetary polieces/properties

like someone before said go buy your shitcoins which are basicly cheap ass knock offs for poor late comers to make them feel like they can also have skin in the game and be early

How did you expect a new form of money to become stable when it's still only worth fraction of gold let alone all FIAT currencies

>b-but mu scalability
btc is competing with fiat/gold not with fucking visa you retard, 2nd layers solutions like LN or bakkt are the ones providing visa-like services, for me they aren't even needes but maybe stupid moonboys like you will finally shut up and buy their s.o.y latte at starcucks

>>12234274
>tcp/ip will be replaced by the next big protocol, do not invest

>>12234292
>still valuing Bitcoin in the amount of onchain cofees you can buy with it

There’s only one international reserve cryptocurrency coming and that is Bitcoin. The altcoins are fractional reserve claims on Bitcoin. Bitcoin is the only form of asset or money which meets famous mathematician and game theorist (and recently deceased in a fiery car crash) John Nash’s model of Ideal Money. Nash’s whitepaper on Ideal Money explained why other assets can’t qualify as Ideal Money. The tail doesn’t wag the dog and so non-ideal money assets can’t be cardinal to the one Ideal Money.
You probably don't have the IQ required to understand what Bitcoin really means, so please do sell.

>>12232586
It’s not altcoin it’s the cone that will connect all cones

>>12234330
wew thats one angry BTC holder right there.
what kind of store of value drops 50% in value in a day you dumb cunt, huh? and how is it decentralzed when the dev team is literally bought out by AXA / rothschild you absolute moron. but yeah Im sure Lightning Network is gonna fix everything... release any day now! lets just ignore that it completely undermnes the entire idea of cryptocurrency to begin witih and that the hubs will be controlled by the same bankers you fags are trying to get away from. jesus christ youre really dumber than dogshit. I mentioned countless times ITT that I think shitcoins are even more worthless than BTC but of course you fags never read and get triggered instantly as soon as somebody talks shit about BTC or your precious alts. the truth is youre all fuckingd eluded and checked your brains out a long time ago, the only reason why anoyn would be in crypto right now is for pure greed. the dream of getting out from the central banking system has died a long time ago, when fucking rothschild bankers bought out bitcoin which most of you faggots probably never noticed.

>>12234359
You live under the hallucination that "Core" controls Bitcoin, thus buying "Core" somehow "Buys Bitcoin". If you cannot realize you are wrong, what can I tell you?

>>12233261
late adopters don't realize that had ethereum not come out at the time that it did, bitcoin maixmalism would have been 100% correct long term. now its 100% correct long term except for the fact that ethereum is going to be probably the only other open source and/or community project to survive long term alongside bitcoin.

>>12232559
>Spends 10 minutes trying to draw a cup while the rest of the shoulder forms

>>12234359
>bought out bitcoin
you are such a retard I cant even LMAO
typical bcasher fell for the blockstream/axa fud/memes. But since bcash it's a total fucking joke you cannot even say it's better all you have left is being angry and shittalking btc
>orange coin BAD

dude even Hal Finney talked about bitcoin banks, the base layer should stay clean and light weight only for important transactions, go buy yur coffee with omething else you stupid moron
>muh utility
>muh transactions
>muh using a cryptocurrency to buy groceries
you are so fucking retarded
it's been 10 years and you stil don't understand that it's all about SOUND MONEY not fucking payment processor

go buy your coffee with nano maybe they have some christmas discounts for morons like you
you know nothing about sound money/austrian economics, you fell for every stupid meme that an altcoiner scum would fail. I don't even know why I'm wasting my time.

You are angry because you know btc will be worth a lot in the not-so-distant future but you still hold onto the bcash memes about using crypto to buy groceries so your little brain is in an internal conflict.

>>12234359
>bitcoin core conspiracies
cringe and bluepilled

>>12234401
If there is a project that has a realistic risk of dying out a fatal flaw, that is Ethereum, because it's big enough (unlike the rest of irrelevant altcoins), and because it's complex and clusterfuckery enough

Meanwhile Bitcoin is robust and immutable, which is why we have retards of all shapes and forms quitting because "Bitcoin doesn't do what I want it to do." By the time they learn the fact that Bitcoin Is a rule, they already sold.

>>12234405
thing is, bitcoin already is worth a lot. there are a lot of salty late adopters that realize they're never getting rich off of crypto anymore.

>>12234432
ethereum is definitely an order of magnitude more risky than bitcoin, but to think it's got a chance of dying higher than any other coin in the top 10 is embarrassing.

like bitcoin, flaws in ethereum will have people falling over each other to fix, because there are people that WANT to use ethereum and bitcoin, whereas nobody could care less if ripple or eos or cardano or litecoin or any other random alt simply disappeared.

>>12234434
>bitcoin already is worth a lot
it's nothing compared to the most pessimistic long term projections which put it between $350k and 500k.

>>12234405
jesus christ are you trying to act like a complete moron? Im actually a BTC maximalist so no need to project your dumb shit on me. every. single. time.
say something bad about BTC -> hurr durr youre a bcasher
say something bad acout alts -> hurr durr
you fags are a ll completely retarded
now lets get to your muh sound money meme
>money not liable to sudden appreciation or depreciation in value : stable money
how the fuck is it stable if it drops 50% in value within a day you absolute dipshit? and how is it money if you cant buy anything with it? now go on and keep calling me a shitcoiner or a bcasher or whatever coping method you have come up with to rationalize away the fact that youre a complete retard and the crypto-dream died a long time ago

>>12234650
>>money not liable to sudden appreciation or depreciation in value : stable money
>how the fuck is it stable if it drops 50% in value within a day you absolute dipshit?
He expected a new from of money to emerge at $400T right out of the gate and be stable forever, hold me lol
what a retard, you know even less than I thought, go short or stick to FIAT, cucks like you don't deserve any spoonfeeding, you deserve getting fucked by mr Schlomo the Printer and missing out

>>12234388
>dat hal finney pic
satoshi himself said they should raise the blocksize as needed and was against second layer solutions. the literal fucking white paper says its PEER-2-PEER decentralized electronic cash. not some meme reserve currency to build second layer solutions on. I trust you understand what p2p means? the original idea of btc died out a long time ago and the bankers are running the show now. just to make it crystal clear to all you retarded brainlets, btc *might* be worth something some day in the future but only because of the financial institutions interest in it, certainly NOT because its p2p decentralized cash as it was intended to be. and it 100% will NOT bring down the banking system as some of you deluded faggots still seem to think. its pure greed and speculation at this point. best case we all make a lot of money.. .but that money will still be controlled by TPTB.

>>12234688
how the fuck is it ever gonna stabilize while being useful as p2p currency at the same time? never ognna happen, it would take a gigantic market cap and the network simply cannot handle the load. as I stated before, LN is first of all vaporware and second of all completely undermines the original idea of bitcoin. PEER-2-PEER ELECTRONIC CASH. Never gonna happen.

>>12234710
gold is worth around $8T and it's mostly just sitting in vaults doing absolutely nothing,
stop falling for the memes and propaganda about muh utility, visa dn mastercard combined aren't worth as much even 10% of total gold's value
>muh p2p
it is and will be even better as a p2p currency you impatient retard, but that's not where value comes from, value comes from people willing to hold it like gold, not transacting back and foth like keynesian retards.
I guarantee you even if bitcoin could scale to gorillion tx/s tomorrow people wouldn't jump to use it as an everyday currency, it needs to grow as a store of value and be stable for it to even make sense to use it for payments, only retards want to spend something that can still appreciate a fuck ton
>b-but muh eceonomy
fuck your economy, keynesian memes are showing to be ust memes with the upcoming recession

>>12234710
>it would take a gigantic market cap
yes with adoption it's inevitably gonna happen.
in a few years you will look back and think wow i could buy btc under $10k wtf crazy times.

>>12234710
no ln does not mine the idea under at all it's a solution for instant micro payments.

>>12234786
>>12234786
what adoption you brainlet? merchant adoptin has gone DOWN since they cucked themselves. nobody is using this shitcoin for anything.

>>12234794
it is not p2p and therefore undermines the original idea of BTC. LN hubs need liquidity to run and who has liquidity? thats right, the fucking banks. they will simply take over LN, jew you over with Kyc, freeze your accounts, block merchants if they dont like them. aka the same shit we already have but now with big daddy government able to see all your transactions. congratulations on this sound, uncensorable money lmao

>>12234780
>muh gold
gold has thousands of years as history of actual real money, BTC has not
>muh store of value
BTC was never intended to be a store of value, it was intended to be p2p digital cash. except all you morons seem to have forgotten about it. and you tell me tha *I* fell for the memes lmao you fell for the muh store of value meme.

just a quick reminder for all you morons

>>12234873
>HI IM ROGER VER AND I WANT PEER TO PEER DIGITAL CASH FOR THE WHOLE WORLD ARRRGHHH1!!!111111

dude, you are so brainwashed I dont even have time to explain things to you, bitcoin is cheap and fast now, just because every hype cycle there is a bunch of moonbois clogging up the network for a week every few years nobody is gonna raise the blocksize compromising security and decentralization. LN or things like bakkt will take the weight of small transactions off the chain.

If big blocks are so great why isn't beecash or the other shitcoin satoj vision getting any adoption? oh, you mean people in general have no reason to use a volatile currency for daily payments? wow, so weird right?
>oh cryptocurrencies are so cool, I'm gonna transact using them from now on
>wants to buy groceries
>ok let's do it with crypto
>opens up a coinbase account
>waits 2 days for verification
>wires money from his banks
>waits another 2 days or so
>buys whatever coin he wants
>creates a wallet, withdraw the coin
>go to the store
>buy groceries with crypto
realizes
>oh wait I could've skipped a thousands steps by simply paying with fiat right away
this is how stupid all the utility-fanatics are

I don't have more time to waste on you, watch this video, maybe 1 day you will understand

https://www.youtube.com/watch?v=tfba4FFErrQ&t=
https://www.youtube.com/watch?v=tfba4FFErrQ&t=
https://www.youtube.com/watch?v=tfba4FFErrQ&t=

>>12234939
and again with the strawmanning and calling me ver, how utterly predictable you faggot.
again you moron I dont give a shit about bcash and roger ver. all im trying to get through your thick skull is that
1) as a p2p digital cash its DEAD
2) as a store of value its USELESS
3) there is no way regular adoption will bring the market cap neccessary to stabilize the price, because... again... NOBODY IS USING THIS SHITCOIN FOR ANYTHING THAN BUYING DRUGS ON THE DARKNET
4) the only reason it would ever pump in price is because of the interest of the financial industry. and said industry is only interested in products that will NOT kill off their own business model
I realy tried to make it as clear as possible but probably it will stil be way over your head. bottom line is BTC is a shitcoin, is absolutely useless and will never bring down the banks. the only reason why anyone is still holding this, (if youre honest at least) is that were all greedy as shit. the big pie-in-the-sky, lets kill the banks dream is over

>>12234859
>what adoption
about 10% of the population for the next decade compared to current adoption rates which are around 0.053%
>it is not p2p and therefore undermines the original idea of BTC
does ketchup undermine the idea of pizza? fuck off retard!

>>12234976
lmao so now youre pulling numbers out of your ass? 10% says who?
in 2017 the market was completely unuseable and that wasnt even near 10% adoption. and again for what would it even be used? nobody uses this piece of shit for anything. everybody is sitting on it hoping to get rich. that is not sound money. as for your pizza=ketchup thing that doesnt even make sense so wont even adresse it.

>>12234990
>10% says who?
that's early adoption rate for tech.

>>12235000
merchant adoption has actually been negative you brainlet. at the current trajectory it would be loser to zero than 10 percent, stop pulling numbers out of your ass

>>12234990
>pizza=ketchup
no you fucking mongoloid ketchup on pizza is an abomination but some people do it does it change the idea of pizza? it fucking doesn't. ln is ketchup. some people will use it some won't doesn't change bitcoin the least.

>>12235017
>no you fucking mongoloid ketchup on pizza is an abomination but some people do
in burgerland maybe. in any civilzed country they would throw you out of the restaurant

>>12235012
not merchants population, i'm not pulling numbers out of my ass retards like you buried bts a hundred thousand times. this time is just more of the same. btc is here to stay and more and more people will actually use it because they either have no access to banking or utterly fucked by it. but most importantly where btc absolutely fucking shines is times of crisis when you got to run. and there will be plenty of those happening in the next decade.

>>12234401
Ethereum is the biggest outright scam in crypto. It's going to zero, guaranteed, in the next big leg down for crypto (BTC around $1150). We don't need a decentralized world computer, and if we did, there is no reason currency/money needs to be involved. It's just a scammy cash grab to prey on söyboys obsessed with muh tech and muh social justice.

/biz if you want to be poor listen to this Tone Vays. He's been wrong almost all the time.

If you want someone legit, listen to Peter Brandt. One of the few people that called the top. Other people that called the top are Charlie Lee and davincij15.

>>12235029
>have crisis
>put all your money in BTC
>next day you lost half of your meagre savings
and starve to death
yeah people will totally go for that. also some poor third worlders shoving their savings into BTC does not mean 10% global adoption rate you dingus. thats a niche use case at best.that 10% number probably comes from tech thats actually being used and nobody uses bitcoin for anything except sitting on it hoping to get rich
>b-b-bitcoin is here to stay
says increasingly nervous coiner who still cant come up with a real use case for this shitcoin

>>12235022
still if you don't like it don't use it btc will be btc same as always. it's not possible to use it for retail like a credit card without either ln or a decent solution for zero conf, however if you look at it both of them are the same. they are smart contracts, zero conf is non locking non routeable and leaves the vendor open to vengeful double spend (or miner collaborated attack), ln is locking (funds) and routeable and the vendor has no risk. i would say ln is more uncomfortable and expensive to the users, but less risk to vendors overall. it's entirely possible vendors will allow users to zero conf directly after kyc also. which is a bit of a perversion, but the best thing about it is you got options. you can open a direct channel to the vendor as you enter shop and by the time you get to the cashier your channel is set up and ready to be used, also once you paid you both agree do dissolve the channel and thus free your funds pretty p2p to me.

but still under all that btc is btc. nothing changes for the fundamentals.

>>12235057
>yeah people will totally go for that
they did when the alternative was much much worse. nigga you didn't follow greece cyprus and venezuela did you? those were just the first trials. the next crisis might be big like italy 4th biggest economy in eu going bankrupt... yeah that will be some spectacular shit.

>>12235110
>they did when the alternative was much much worse
some poorfags in venezuela did go into BTC but that was 2017 when it was pumping hard. you can bet your ass some third world savage wont throw away his last pesos on BTC when its dumping 50% in a day. you really think somebody will put his last dimes into this hypervolatile shitshow while its trending down and hes got naked survival to be concerned about? nigga please

>>12235099
>but still under all that btc is btc. nothing changes for the fundamentals.
the fundamentals changed when core dropped the idea of p2p cash and came out with the muh store of value meme and you fell for it. but speaking of fundamentals in crypto. there are absolutely none. its a complete shitshow based on speculation and pure greed. I honestly hope it will crash to below 1k at this point so all you pie-in-the-sky faggots get flushed out and I can laugh at you

>>12235057
also you forget shorting... if you put all your money into btc, and put in a short contract while you run, 2 things can happen, price goes up, you lose the gains, price goes down, you win your losses. all you lose is the cost of contract. basically it's insurance.

btc is the best fucking escape vehicle for wealth ever conceived it's impossible to stop at borders unlike bank transfers and gold and cash. it can not be confiscated it can not be controlled. when the world sees an other large scale example of this, the price will go above $50k.

if nothing like that happens, btc will suck all through 2019. but that's okay. time to accumulate if you can stomach the risks.

>>12235144
>you can bet your ass some third world savage wont throw away his last pesos on BTC when its dumping 50%
venezuelans experienced the worst hyperinflation of their history they would be happy with a 50% loss perfectly happy. you never lived in hyperinflation i guess that's why you are talking stupid shit. it's normal for btc to go 10% up and down daily at this adoption, later on it will be much lower like 1%. after a while it will be like any currency pair on forex.
>the fundamentals changed when core dropped the idea of p2p cash
the core is not 2 idiots stop memeing this stupid chit.

>>12235151
youre really grasping for straws at this point anon. you think some third world monkey is gonna set up shorts on bitmex to protect his last 5 dollars? or some billionaire?
come on dude...
>btc is the best fucking escape vehicle for wealth ever conceived
absolutely not noone in their right mind would use it to store huge amounts of wealth. we are really going in circles now, it would need a gigantic market cap to stabiliize first and... AGAIN... you need actual real adoption to get to those levels and noone is using this shitcoin. you are basically saying "once a lot of people are using it even more people will using it" but you never explain why that huge amount of people would use it in the first place. if you want to buy your golden lotto ticket to get rich thats fine but you could at least be honest about it and spare me this "oh its gonna change the world" crap, this is far from a sure thing and there are really no fundamentals to speak about at this point.

>>12235191
>you think some third world monkey is gonna set up shorts on bitmex to protect his last 5 dollars? or some billionaire?
wealth, and if italians are 3rd world monkey for you kek
>absolutely not noone in their right mind would use it to store huge amounts of wealth
except it already happened 3 times

NO MATTER WHAT YOU BRAINLETS SAY - EVERY SINGLE SOUL ON EARTH WANTS TO OWN BITCOIN.
SEE YOU IN 20 YEARS WHEN 1 BTC = $4000000

>>12235230
that's pretty pessimistic

>>12235228
>comparing venezuela to italy because you read some headlines about muh economic crash
youre really not half as informed as you think you are anon. and yet you are here 100% confident in your predictions. typical dunning kruger, its always the brainlets that understand the least who yell the loudest.

>>12235265
we will see it doesn't have to be italy i'm betting on them for several reasons, most of it is the full retard government and it's plan to handle the economy they got going. i'm 100% something will happen that showcases bitcoins forte once more and i'm also confident adoption will reach 10% at least in the next decade or all crypto vanishes (not much of a chance for that).

>always the brainlets that understand the least who yell the loudest
yes like you.

>>12235331
gold is a traditional safe haven and it ALWAYS dumps during economic crises. exactly for that reason because banks & governments dont want the peasants to flee into gold. what makes you think they wouldnt do the same with BTC which has a fraction of the market cap that gold has?
and about me I might be a dunning kruger brainlet at least im realistic and honest enough to know that I could be 100% wrong thats why I havfe a stake in BTC. but thats only because I dont want to miss out on another moon mission, as a legit threat to the banking system its dead as far as Im concerned.

>>12235382
no that's different in a global deflation all assets fall crypto included. when a countries monetary system collapses that's a localized inflationary effect. all assets rise there and especially those that are mobile and or unconscionable if shit gets real bad.

btc is not a good hedge against a global collapse at least short term it will suck ass. but it will be an escape vehicle for wealth for any localized monetary crisis =ie when a braindead government tries to get out of unsustainable debt but revving up the money prints).

>>12235525
>btc is not a good hedge against a global collapse at least short term it will suck ass. but it will be an escape vehicle for wealth for any localized monetary crisis =ie when a braindead government tries to get out of unsustainable debt but revving up the money prints).
i actually dont disagree with you in this regard and thats why I split my off-the-books, SHTF monies 50:50 into BTC and physical gold. I really doubt that safe-haven use case is enough to bring it to major adaption though but who knows. personally I consider gold-crypto at the complete opposite ends in terms of being ultraconservative vs. hypervolatile. I think its safe to assume gold will still be around and valuable in my lifetime, with crypto Im not so sure but the profit potential could be massive.

>>12235598
yeah if you really want to dumb it down btc is a hedge for your own government turning on it's people. out of malice desire for control of sheer stupidity and incompetence.

for any other scenario short term btc will not be the best. but this will be enough to get attention on it. it will make people think.

and as the tech evolves and the ecosystem grows and it slowly becomes useful as currency, like i said futures can help shittons with this.

you want to accept bitcoin but don't want to change the prices every day and all your expenses are in usd or other fiat? short it! the more business do this, the more the price will stabilize. maybe there will be intermediary services that make all this payment integration and price locking mostly automatic... with futures you can lock in the price. and once business starts accepting btc i think the gaming industry and other digital providers will be the first. then online shops where the delivery makes the issue of confirmation moot anyhow. and when this happens, suddenly btc will not be volatile anymore. because shops will not adjust the price every second and there will be arbitrage opportunity on every price drop people will be actively looking for. it will all work itself out.

>>12235382
>gold is traditional blah blah...
You said it all bro, all the shiny yellow rock has that BTC doesn't ( at the moment) is tradition.

>>12235747
and offline transactions you got to give it to gold, for now you can't transact with btc offline not without significant risk of someone getting fucked.

but gold is pretty much impossible to smuggle with you on the run. at least it's a hollywood style adventure to even try.

i think there are many pros and cons but this two is the most important factor.

>>12233196

Unlikely, we're in an upward channel

>>12235794
1.So I can't have private keys written down on a piece of paper?
2. Offline BTC transactions already exist bro, do a Google search, it's already being done, wasn't interested in reading the specifics, but it can be done.