/biz/ - Business & Finance

could not agree more. the only reason to buy now is bcz ta fags are jerking off to charts painted by chink whales

>>13282485
This is the crux of it isnt it.Literally now pure ta, fuck the fact its all useless shit, fuck the fact btc is slow and unused.Its all meme lines and muh “digital gold”.People dont realise first impressions are everything, and worlds first impression of crypto was everyone getting wrecked on shit and scams.There was always hope before, even in the darkest times.Now I simply dont feel it.

>>13282451
>>13282485
t. shills trying to get you to sell. Who's paying you?

>>13282536
You are delusional if you think fucking biz has any effect on the top end of the market.

>>13282549
and u see the kind of crowd that is attracted by the game now, like this fucking retard >>13282526 who can't differentiate between shill and genuine discussions. idk maybe we are wrong. maybe every iteration is supposed to attract more and more retards. i hate buying into this shit against my will, but there's no other way.

Been in since 2012, we will cycle forever. It’s perfect game theory. Op is incorrect and wants your link.
Do the opposite of what this place says kek

>>13282628
>Op is incorrect and wants your link
no one wants your shitty pajeet scamcoin you nigger

>>13282451
Felt the same desu. I watched that Ian Ballina in 2018 when things were crashing saying:
>5 Million for a blockchain guys?
The chat was dead silent even Shillina sensed the awkardness. At that point I knew crypto is dead. Everyone must have been thinking the same.

>>13282628
>It’s perfect game theory
the fuck are you talking about, 51%? how is that relevant to crypto cycles. also just bcz we had two bubbles doesn't imply we have infinite cycle u retard

>>13282677
Just a few desperate bagholding LINK. It's best to not give stinky linkies any attention.

>>13282691
u need to have a solid combo of schizo and desperation to be baghodling link post sibos.
are you buying? i probably will against my will if we dump to 2 to 3k. i will happily buy if something legit develops and starts attracting better crowds again. right now i feel like follow a herd of sheep off a cliff.

>>13282652
Pre 2017 was mainly neckbeards and very savvy computer users, the market had its bear periods but really it was only neckbeards and savvy computer users getting wrecked,

The binance era everything changed, the people i knew buying fucking ripple on binance for 3 dollars you would not believe, suddenly everyone i knew knew a load of people each who got wrecked.It was then i knew we had hit peak fidget spiinner/beanie baby/ buzz lightyear toy etc.The world woke up to it at the worst possible time.

>>13282776
Exactly. I bought in in 2014 because there was something genuine and exciting to look forward to and speculate on. Now I feel like I’m in some kind of post rapture environment where good people went to heaven and we sinners are left on earth for hell to takeover.

>>13282814
Its kind of like being a fan of the cool band noone knows about, then they release some huge hit, everyone talks about them, then its only down from there as all their flaws get exposed to the wide world and they soon become lame.Dont underestimate the feeling people had of being part of something joe public had no clue about or how to get involved in.Thats why 2011 to mid 2017 is uncomparable to now and why its unironically different,

It does feel like this last pump was dying throes.

Having a one world currency seems like an eventual for this dystopia we live in. Wether it's crypto or not...idk

Crypto is obviously a scam, the way they're pumping it is ridiculous and obvious. By mid-2018, the legitimacy was gone. Not that it had it before, but everyone knows now. The smart money got out, and regulators don't want to touch crypto.

Anyone who invests in it at this point is just gambling. It's over, crypto didn't make it. All that's left is a bunch of nerdy devs and greedy exchanges trying to keep their free money tree watered.

>>13282951
I still hope that something good will come out the other side of this bear market, which will end no sooner than 2021

>>13282976
>>13282951
>>13282888
>>13282883
>>13282814
>>13282776
>>13282768
>>13282691
>>13282677
>>13282652
>>13282651
>>13282628
>>13282593
>>13282549
>>13282536
>>13282526
>>13282485
>>13282451
>Actual adoption of blockchain solutions are finally taking place.
>Financial institutions on the cusp of selling corn to boomers through ETFs. >99% of people heard about crypto and feel they've missed out on the incredible gains and are gonna make sure they fomo in this time when they hear it's going up again.
>blockchain tech is constantly evolving and solutions to scaling will arrive leading to smart contracts revolutionizing the economy
>world's assets will all be tokenized

Muh scam!1 Muh too late!11
Oonga boonga

>>13283069
This. OP you are a massive retard and your shit thread isn't going to convince anyone to sell.

>>13282451
it doesn't matter what everyone believes
whales will pump and the masses will follow
then they will dump, wait a few years and start pumping again ad infinitum

>>13283069
Blockchain and dlt will absolutly be used, but thinking btc and cryptocurrencies will have to moon or cant fail is like thinking pets.com cant fail because the internet will be used.ETF’s are a huge meme used to try to drive the price of btc up.You do reslise there are already btc etfs in europe right?the volume is so shit it isnt even worth talking about.Tokenizing could work, but atm its still a pipe dream, the powers that be simply are not ready to change old ways.You need to explain why “blockchain tech” needs a cryptocurrency market to succeed.

>>13282976
Beware false hope

>>13283091
No, it's not whales that are pumping.

Here is a simple greentext so it's easy for all of you to understand, I'll even capitalize the important nouns, even if you are a zoomer you will understand this:
>WHALES do not buy stocks/bonds/CRYPTO/whatever at the standard SPOT price
>WHALES trade in DARK POOLS, not Binance
>RETAIL INVESTORS buy at SPOT price, i.e. the marks, what's left of the working and middle class
>The price of crypto is not rising because WHALES are buying it, it's rising because it's being PUMPED ARTIFICIALLY

I don't know how to make it any clearer.

>>13283137
>WHALES trade in DARK POOLS, not Binance

Prove it.

>>13283128
Because how do you incentivize the participation of individuals in maintaining a decentralized network without the currency aspect. There are so many things that the currency can do as well: voting (governance), settlement between different assets, instant and verifiable transfers that dont need verification and clearing, smart contract automated payments, micro payment for IoT devices. The currency aspect is integral to maintaining decentralized trustless networks.

BTC will be adopted for its network's secure track record and as a hedge against inflation and equity market meltdowns. You can already observe that countries with currency problems naturally gravitate towards BTC adoption.

>>13283137
>it's not whales that are pumping.
>it's being PUMPED ARTIFICIALLY
who pumps? whales do

and I'm not talking about the small fuckers trading OTC
I'm talking about the people that own 99% of the coins/supply
they can simply move the price anyway they want

>>13283158
Corda and fabric work fine with the currency aspect.Honestly the currency aspect is a huge meme thats holding back blockchain and dlt at this point.

^^ *without

>>13283203
Those aren't whales. Those are just devs and exchanges.

/biz/'s problem is that it imagines that Asia is overflowing with billionaires desperate for crypto, and they keep pumping it up. The reality is that it's just new Tether being fed into highly select outlets for market making, like Bitfinex, so that they can keep fooling hopeful but uneducated 20-somethings into parting with their primeval $10,000 bank account. They're also smart enough to know that they can keep you hooked by supplying you with false hope.

>>13283150
DYOR

>>13283268
doesn't matter who it's in the end
they will keep pumping and dumping, not because they are interested in crypto, but because it's a money making scheme
and to make money they need to attract fresh blood from time to time (to dump on), which they simply do by pumping/adjusting the price if necessary
tether printing is just a byproduct of providing enough liquidy, not the main cause of the price action
it's not that hard to grasp

>>13283069
Ding ding ding and also OP is a faggot

>>13282451
Check it..
Shits about to go nuts.

you're all 2018 tards
>everyone FUDs crypto
buy
>everyone FOMOs crypto
sell

>>13283150
Look at this virgin never heard of a fucking OTC