/biz/ - Business & Finance

lol

Lol

aweonao

>IM THINKING THIS INTERNET TOKEN THING IS VALUED BECAUSE THERE IS ONLY 21 MILLION OF THEM. THAT'S LIKE REALLY SCARCE!

>>17854345
Kek for the small price of a 4 million dollar fee

funny, but bitcoin is better than most legacy financial shit believe it or not. I had to wire some money recently, and both the fees and transaction times on that shit make bitcoin look like future space technology.

>WHAT DO YOU MEAN BITCOIN ISN'T VALUABLE 1 BITCOIN = 1 BITCOIN AND IT'S VERY RARE FOR SOMETHING TO BE EQUAL TO ITSELF

>>17854464
Kek and at the small waiting period of 4000 hours

>>17854345
Because Goldberg controlling your bank, money and scamming every nation in the long term is much better right?

>great thing about bitcoin is its stability
>"""currency""" proceeds to jumps around like a yoyo with each gust of wind.

>>17854577
Who ever said that?

>>17854562
I'll invest in a ponzi... that will show them!

>>17854345
>OP

BTW op most of the world is disconnected from the banking system and i don't mean communist dictatorships but nations like peru , brasil, african nations and a shitton of asian nations.

In most you can do wires to a nation but not to outside the nation.

>>17854345
>Bitcoin was made to solve banking problems like high fees and uncertain transfer times man
>so yeah now if you want to send $500 to your friend you’ll have to pay a fee of $50 because people are actually using the network and it’s a bit clogged but don’t worry, it should begin to be verified within the next day or two, maybe you should try sending it again with a higher fee?

>>17854345

you're pathetic lmfao, we aren't selling

>>17854722
BTC fees are fixed you can send millions with a 1 usd fee.
International bank wires fees are a percentage to send 1 billion usd you could pay 35 million in fees.

>>17854740
This the fud campaign is so obvious that it made me buy even more.
It speaks how bad the fiat system is when there are literally shills for fiat now.

>>17854612
This entire thread is made of straw anon

>>17854771
>BTC fees are fixed you can send millions with a 1 usd fee
Were you born in 2018 or something? Fucking kek, someone is going to remind you.
>International bank wires fees are a percentage to send 1 billion usd you could pay 35 million in fees
Nobody with a billion dollars to send is paying anything close to even 1 million for a wire.

From my COLD DEAD HANDS cuck

>>17854345
https://www.youtube.com/watch?v=KK-zFfCcJgM

>>17854345
>GEE I'LL JUST PUT MY MONEY INTO CASH DOLLAR SO IT KEEPS IT'S VALUE AND I CAN STILL BUY HALF A BREAD FROM MY 500 BUCKS NEXT YEAR

>>17854842
BTC fees have been bellow 1 usd every time minus december 2017

https://bitinfocharts.com/comparison/bitcoin-median_transaction_fee.html

Literally less than paypal get's

>Nobody with a billion dollars to send is paying anything close to even 1 million for a wire.

Yes they are they lose about 3% in fees / exchange rates.

>>17854462
Wow only 21 million? And they do nothing? I must buy some asap.

>>17855160
They do nothing? They’re the perfect money.

>>17854842
>>17855017
Kek i just checked transferwise which is the cheapest provider of international wires and to send 1M you pay 3600 usd fees, that means 3.6m fee for a billion(and you are still expected to be fucked in exchange rates).

>>17855214
>Buy 1 billion in bitcoin
>drops 5%
>lose 50 million

lol

>>17855244
literally pocket change to a billionaire. If you buy a car worth more than 5 figures you can afford to lose 5 million dollars.

>>17854640
who's at the top?
Ooof. Yiiiikes...

>>17855214
my bank does it for $8 flat, doesn't matter if it's a dollar or a trillion

>>17855244
I have used it many times you literally can do the tx in one second.(when i used this method the fiat directly from the exchange was sent to bitpay to buy something).

I saved a shitton of money on paypal fees buying that way.

Literally 10 minutes intervals and yes you are right the drops can be big , but it's still worthy because the fees are fixed and not a percentage.

That's were the savings come from for the most part , the bigger the payment the cheaper it is to send it.

>>17855332
OH YEAH WELL WHAT IF YOU WANT TO USE MIXLE MIMBLE WIMBLE BIDDLY DOO HUH? CAN'T DO THAT WITH FIAT YOU FUCKING SCAMMER

>>17855244
>>17855355
Also you say a drop of 5% is a risk , in international wires your money being frozen is a serious fucking risk right now.

>Inb4 don't be a drug dealer

No this shit is out of control even the paypal cfo got his bank account blocked for no reason some time ago.
Worse the faggots can't tell you the reason due to aml laws.

>>17855332
Inside the nation yes ,inside the eurozone yes , internationally between different nations like usa to brasil , or brasil to japan , you will pay repulsive fees.

Try to do it , in most cases it's even impossible due to how retarded the system has become after 9/11.

>>17855323
>literally pocket change to a billionaire.
Why would they use bitcoin over a bank transfer then?

>>17855196
Billionaires with real actual money strongly disagree with you indicating you are delusional.

NOOOOOOOO NOT MY HECKIN CRYPTORINOS
YOU CAN'T JUST DUMP LIKE THE STOCK MARKET IT WAS SUPPOSED TO BE A STORE OF VALUE AAAAAAAAAAAAAA

>>17855489
Billionaires with real money depend on government gibs.

Buffet literally owns bank stocks & masterdcard and even non finance billionaires like musk are affraid to talk about crypto.
They know the hand that feeds them does not like crypto and they are welfare queens for the most part.

Bezos got hysterical and went full anti trump after amazon lost a government contract some months ago.

>noooooooooooo you can't just use networked open source software to sign transactions using mathematical proofs to conduct voluntary transactions on a permanently accessible and immutable public ledger. that might require a small amount of good old fashioned police work to catch criminals who conduct such transactions!

>>17855420
Are you a burger? Your banks are ripping you off
>Inside the nation
$0
>inside the eurozone
$3
>internationally between different nations
$8
i'm literally looking at the prices right now, wtf is wrong with your banks

>>17854803
>>17854740
>>17854562
We are all going to make it. As the price goes down im buying more and more. All the weak handed whales will get rekt when we ride the next wave. We will be the new elite all pedo jews with their money printers will be homeless.

>>17855017
>every time minus december 2017
Also known as, the first time more than 20 people started trying to use this system.

>Yes they are they lose about 3% in fees / exchange rates
Nobody is dumb enough to pay thirty million dollars for a mouse click. Especially not an entity in possession of a billion dollars.

>>17855214
>be multi-billion dollar company
>go down the street to a hole in the wall to transfer a billion dollars as a fucking average customer

You are mentally retarded.

Oh no, not another recession...The financial situation already is tough... I know, let's buy Bitcoin!

>>17855594
Holy shit shut up dork

>>17854803

same, it's all so tiresome

>>17855618
You are looking at the fixed fee you also have a percentage.
Read more before talking

https://www.exiap.com/guides/international-wire-transfers


The entire system is using 21th century technology with 19th century regulations.

>>17854345
say what you will, but an asset that lets you send a billion dollars across borders for a fee of like $2 is gonna be useful...

>>17854345
>ITT: samefagging fud

omegaluls

thanks for your hard work

>>17855659
>Also known as, the first time more than 20 people started trying to use this system.

Avg btc tx is above 50k people are using it every day.

>Nobody is dumb enough to pay thirty million dollars for a mouse click. Especially not an entity in possession of a billion dollars.

Those are the costs , you are not doing your research.
International wires cost are between 3% to 5% between fixed fee + % fee + exchange rate assrape.

I aint sellin

>>17855714
You mean XRP? Because as far as I know that’s the only crypto which has transferred a billion or close to a billion’s worth for XRP’s set tx fee of 20 drops (XRP has 6 decimal places, drops are the smallest unit).

>>17855714
When would that LITERALLY be useful

>>17855748
its true tho. you bought manipulated and unregulated internet meme money no one gives a fuck about and are in denial. seethe harder faggot

>>17855786
>Avg btc tx is above 50k people are using it every day
Exchanges and wash trading isn’t ‘people’.
>Those are the costs , you are not doing your research
You do not use normie channels to do a billion dollar transaction you dumb fuck. What about this is hard to understand?

>>17855857
>doesn’t know why sending billions of dollars back and forth between nations with a $2 fee would be useful

Gee I dunno, trade perhaps? Anything at all, finance shit? What the fuck is wrong with nu/biz/?

>>17855869
And yet the meme market you are talking about reached biggest marketcap than what most g20 nations export in a year during the 2017 bullrun.

And we are about to have another halving in the middle of a crisis crashing the fiat system due to their own retardation.
It's not like we have not talked in this shithole of a board for years of the financial bubble and the fiat shitstorm that was coming.

And here we are about to experience another halving in the middle of a systemic collapse and we are not fucking selling.

>>17854478
try sending btc right before it starts dumping, banks fees wont seem that high anymore and confirmation times will seem like a eternity

>Noooooo WHY WOULD YOU WANT TO INSURE A BILLION DOLLARS? JUST DROP IT ON CRYPTOCURRENCY ITS WAY SAFER THAN YOU THINK.

>>17855969
>halving
priced in

>>17855880
>Exchanges and wash trading isn’t ‘people’.

I live under capital controls , literally everyone is using bitcoin now anon.

>You do not use normie channels to do a billion dollar transaction you dumb fuck. What about this is hard to understand?

Yes you do , you use sepa or swift and those are the costs the exchange rate itself is almost half the "fee".

>>17855937
you do understand the one who recieves btc has to turn it into $ to do anything useful? and pay exorbitant fees in the process

>>17855489
>mfw no billionaires own Bitcoin

>>17856019
No

https://www.tradingview.com/chart/BLX/oKh54NhX-Bitcoin-Halving-and-Charting/

>>17856026
>t. Ramesh

>>17856054
Magical mumbo jumbo

>>17855969
>reached biggest marketcap than what
Ok Pajinder. That was literal market manipulation, the natural and organic price of Bitcoin is about $350-$500. The system shit itself when people actually tried using it in large numbers and there’s nothing you can do to change this fact. Bitcoin is a proof-of-concept neckbeard hobby project, not a panacea.

>>17855987
>confirmation times
More like confirmation eras.

>>17856051
Lmfao what % of Jack's wealth are in crypto? Zero. Might as well post a picture of Zuck too idiot.

>>17855857
to you? Probably not ever but as an asset...
>>17855833
https://arstechnica.com/tech-policy/2019/09/someone-moved-1-billion-in-a-single-bitcoin-transaction/

>>17856069
>>17856084
It's coming boomers

>>/biz/thread/S1214767#p1216877

https://www.bitcoinblockhalf.com/
https://bitinfocharts.com/top-100-dormant_1y-bitcoin-addresses.html

>2020
>Jewish feds are still using 10 year old fud about absolute basic bitch Bitcoin fundamentals

WHAT IF ALL THE MINERS STOP MINING???

>>17855663
Venezuela.

>>17854345
Do you have the version with the hair?