/biz/ - Business & Finance

>>15510712
even from my perspective as someone who loves bitcoin this is probably the only good crypto related shirt i've seen

>>15510712
makes fat cat hoarders that have cat hair all over their dirty ass selves even more irrelevant in the long term

>>15510712
Hype and greed.
The 2017 bubble was nothing compared to the dotcom bubble of 2001. Meanwhile Bitcoin is a bigger game changer than the internet and now it's a global market compared to mostly a US based bubble.
Easy 6 million per BSV by 2026 based off hype. BTC has one new ATH in it, 300k in 2021, then death.

Bitcoin will never reach $20k again and this thread confirms it. I figured as much.

>>15510739
Have you seen my mint condition lucky brand Sergey shirt?

>>15511149
god you pajeets never stop shilling

>>15511149
>BSV

>>15510712
btc wont bsv might dyor

>>15511149
>Meanwhile Bitcoin is a bigger game changer >than the internet
Fascinating insights sir please do tell me more!

>>15511149

>>15510712
Guys, guys
guys

guys

guys

guys guys guys

guys

OP tagged his post with "Serious"

Guys be serious

Seriously guys

>>15511149
jesus, the way some of you cunts talk about blockchain...
it's not that big of a game changer if we're being honest. it's always been a solution in search of a problem. still can't scale though.

>>15511149
>Meanwhile Bitcoin is a bigger game changer than the internet
>radio is a bigger game changer than electricity

>>15510712
>Explain why bitcoin would ever be valued at $20,000 ever again
price won't stop going up and demand is increasing

>>15510712
Same reason why it was valued at $20000, hype and speculation. There is boring nerd math involved but I don't really feel like typing it for the 16th time

>>15510712
Fractional reserve banking was always a shell game. Plebs would lend their gold to a bank for a return on interest. You could technically withdraw all of your gold. But not practically.

If enough plebs tried to withdraw in the full amount at once, you'd get a bank note for your gold that you could retrieve on the other side of the continent. You could get on your horse, travel through bandit country and maybe a warzone, maybe lose a horse or family member along the way, just to get where the reserves were held. Or you can play along and spend the IOU, like every thing's fine.

After the industrial revolution, travel became easier, but feeding the ponzi became a bit more difficult. Every nation that had a gold backed currency failed in less than a century. America even started banning the possession of gold ingots and confiscating it to keep the scam going.

Thank god the sham finally came to an end. Sure, 1 GBP is worth chicken tenders on the kids menu, not a pound of sterling silver. But now that we can admit we have a problem, we can at least hedge with precious metals. Unfortunately precious metals can't be transmitted digitally. That's the one thing we depended on banks for.

Bitcoin was invented to be a p2p digital currency. Great idea. 1 BTC=1 BTC, no ifs ands or buts. It could be worth $2,000 one year, $20,000 the next and $3,000 the year after that. But what it won't be is an IOU.

Currently bitcoin has a higher inflation rate than USD and despite that it's been climbing in value the last 10 years. When it drops below USD inflation, it'll probably get pretty hard to get your hands on a whole one.

>>15512903
except once they created btc, the first cryptocurrency, the cats out of the bag and there's no guarantee it will keep being number one crypto. Most likely fiat will move to blockchain and we'll have a global stablecoin every one trades their (national) cryptofiat against

>>15510712
Explain why it won't

>>15511149

>Meanwhile Bitcoin is a bigger game changer than the internet

>>15510712
Because I want it to.

Because it's manipulated

I doubt BTC will ever be worth 20k for at least the next 10 years because right now the only people into crypto are people that are well aware it's useless and just want to sell high and make fiat money

It would take a new generation of normie suckers to buy in just like the 2017 golden bull run

>>15510712
It just does

>>15513069

>>15512975
If it's centrally managed and controlled, they'll repeat the same mistakes to provide temporary relief for long term problems.
Bitcoin is unforgivingly rigid and can't be tampered with, unless EVERYBODY agrees to tamper with it.

There are countless altcoins that're actually better optimized to any given use case than bitcoin. Turns out that doesn't matter. Turns out, what matters is the limited supply. That's were the value comes in.

>>15510712
Possibly if all the other alts collapse and consolidate into one shitcoin the manipulation for quick money might allow it to take off. But that would require not one single other crypto to exist.

>>15511149
If bsv goes to 6 million per my entire family will be set for 100s if not 1000s of years

Negative interest rates while bitcuck is deflationary. otherwise it won't.

>>15512819
Well duh, Metanet will replace the internet so of course itll end up bigger. Furthermore, ease of investment in electricity generation: impossible, have to enter competitive low profit margin mega market.
Eoi in radio technology: impossible, have to enter ancient hardware market.
Eoi in internet technology: impossible, have to pick individual entrepeneurial winners.
Eoi in BitCoin protocol: easy as balls, only have to pick the winning protocol formula. You can also invest in startups but you need to be multimillionaire mode to comfortably do that.
Its never been easier to be a total mong and still make it yet people are going to skip that opportunity because Aussie man bad.

bitcoin is no better than fiat, ponzi scheme that only few own 90% of...never take off as cant scale either

>>15510712
Continued devaluation of fiat currencies. There are a handful of other reasons but this will be the easiest to grasp as a skeptic.

>>15513069
I remember thinking this before 2017 so I forgot about bitcoin and only remembered that it existed again in 2018. I'm sure those who sold BTC at $10 thought this too. The cycle you find out about bitcoin is always special in your eyes.

>>15511149
>bsv

>>15513625
Every form of money is a ponzi. There is no way around it. And fiat can be printed at will with no limit, bitcoin can't. The problem is bitcoin is traded for fiat. Thats how the infection spreads to it. As long as i can trade my monopoly money for it i can buy as much as i want as a gov/bank and fuck around with it.

>>15510712
bitcoin is just gambling

>>15510712
Imagine being this pathetic

>>15513625
duuuude really? just sell your bags and get over it.

>>15511149
6 million? Is that with current purchasing power parity? if that is so, then in 7 years I´d be on the forbes 500... and I dont think so...
All in BSV, very comfy.
>>15513022
Anon is right , DYOR... oh wait, I´ll help, pic related

>>15512975
>except once they created btc, the first cryptocurrency, the cats out of the bag and there's no guarantee it will keep being number one crypto.
Akshually, seeing is bitcoin is literally the only one that is not an out and out scam I'd say it has a pretty good chance of being number one.
>ETH
Premined scam
>XRP
(((scam)))
>LTC
Bitcoin ripoff scam
>BSV
Come the fuck on

And on and on down the list. At least (the real) Satoshi Nakamoto had the decency to create his coin and fuck right off. The rest are just trying to cash in.

>>15511149
>BSV
Why the fuck do Indians never stop shilling, even for a second

>>15514463
>>15514462
BTC=!Bitcoin
BSV=Bitcoin.
DYOR..
ah shit, my altruistic side is taking over today, here some breadcrumbs:
https://coingeek.com/bitcoin-and-crony-capitalism/
https://derekmagill.com/2018/03/27/bitcoin-farm/
read or don¨t, I don´t care, if you don´t like it, STIFF

>>15514515
lol

>>15513576
oh duh this its so easy the metanet guys

>>15513576
see
>>15514533
Whatever, let them change to BSV when it is 1:1.. they don´t deserve better.

>>15511149
>BSV

Basically it’s not gonna happen because bitcoin becomes worth more, but because the economy will tank, greater than the Great Depression, and as USD becomes worthless crypto and gold will skyrocket.
I’m saving up, waiting for collapse, then will buy some select properties I want, assuming housing goes down with the rest of the market

>>15511149
>Bitcoin is a bigger game changer than the internet

>>15514463
Im whiter than you, fuckface.

because for it to be worth the 100k it will one day command, it has to pass the piffling 20k barrier at some point. it'll be a brief opportunity to buy at five times cheaper than btc's imminent value.

>>15511168
where did you buy that

>>15510712
This is your buy signal.

>>15510712
supply and demand

/thread

first understand what it gives it value then you can estimate based on the need and added volatility for speculation and greed.

Bitcoin is a digital pyramid scheme with a blockchain. I can't wait to laugh at all of you when the crypto carnival ride stops.

>>15515695
see this is the guy that has no clue and many others that buy but don't understand what they are buying, just do your research and figure it out. Good luck OP>>15510712

>volume dropping
>Descending Triangle forming

uh oh spaghettio's!

>>15512209

It's very simple. How do governments oppress and control their tax cattle?

>>15511149
>Bitcoin is a bigger game changer than the internet
It's literally just a linked list

>>15514438
do you want a list of all applications using the internet?

>>15516392
Wouldnt be the first time we painted a structure and said fuck it and went the other way. This market is so manipulated lol

>>15510712
It's a useful intermediate for unlicensed (illegal) trade.
Think like the recent press releases on gold ingots minted by terrorist organizations (those by African and Colombian militant groups to counterfeit legitimate mints in Switzerland). Cryptos enable groups like that a method of revenue in order to make trades and deals under the table. While I don't think that this is the primary use of Bitcoin, it allows for some stability in what's otherwise a valueless stock. As a result, as these sorts of organization are able to grow in scale, the long-term financial value of blockchain currencies is going to grow with it. I doubt it'll be any time soon, but even if Bitcoin only grows at the same rate as inflation, we can expect it to eventually be valued in the 20k range again.

>>15510712
Dollar devalues every day. $20k is possible, $100k is possible and so on.

>>15510712
dyor or kys

>bitcoins a bigger game changer than the internet
>like cars are a bigger game changer than the internal combustion engine?

topkek

just a matter of time

Because I own bitcoin and it has to

>>15510712
Tuesday

>>15518171
No I already said this, Metanet envelops the internet.
False equivalencies like electricity vs. radio, cars vs. gas engines etc are nothing more than false equivalencies your puny minds can produce.
You literally have microtransactions natively built into an internet-type architecture and due to the hyper-efficiency of Bitcoin / Metanet the traditional model cannot compete with it. It must, in the long run, win, because it's better.
I will gladly pay a microfee to avoid commercials, simply because my time is worth more. And to a majority of internet users this is actually the case, though obviously not 100%.
If anyone would like to know more, read my blog at gofuckyourself.blogspot.edu.gov.gofuckyourself.com.

>>15518687
Sir. Link doesn't work sir.

>>15515282
https://www.nordstromrack.com/shop/product/2051258/lucky-brand-plaid-regular-fit-shirt?color=BLUE%20MULTI

>>15514438
Giga-brainlet

>>15510712
Lower inflation than fiat in 2020

1. Bitcoin has an immaculate conception.

Normies will chalk this up to first mover momentum. It's not. The difference is bitcoin is a living proof of the resolution of the double spend problem. Now, obviously basically every crypto out there replicates this, so this is not enough to make btc special. What's more, btc introduced a new metaphysical substance in the world: an entity only reproducible by virtue of it's irreproducibility. Put differently, it is unique because it is the first thing in a class of unpredictably unique things. As such it has by definition one thing all other cryptos can never have.

2. Bitcoin is the hardest money to ever exist.

Even with all this metaphysical crap I've said above, at best the case for bitcoin would be at best the same case gold bugs make. But gold has its own history, and we're never going back to the gold standard. Hard money appears to be superior money, but this alone is not good enough for the modern world. Central banking even at its most trust worthy still has a single, huge point of failure. Bitcoin is a response to this but is pathetic at 7tx/s. I would still hold bitcoin without ln, because my valuation would put it near gold.

3. Lightning network
With LN, all bets are off. Even without all this layer 3 speculation, just as a payment layer ln is already a success. It's clunky, but these are things that simply take time. It doesn't even matter if ln is spoke and hub or centralized. It can never ultimately undermine the settlement layer. The internet will have btc as its main currency.

Again, I'm not a maximalist in the sense that I think everything else is a shitcoin. There are great coins out there, better ones even. But btcs unique metaphysical status and name recognition and the inevitable greed of those not it the know will keep btc in the top. The tx price and speed was a window to other cryptos, but with ln any further waves will not even look beyond to other currencies except for niche reasons.

Bitcoin is just so gay I can't get behind it

>>15518979
An explanation would be nice... Or just admit that you have no clue.

>>15519148
Check:
>>15514515