/biz/ - Business & Finance

>>18119401
Is this bait? You don't have to buy 100% of a BTC

>>18119401
the government will take bitcoin like fdr took gold

>>18119401
>he STILL doesn't know

someone who wants to sell their bitcoin for $1M in the 30s

>>18119401
Will it every get back to 12k+ again??

>>18119410
But would retail investors really be okay with paying $1000 for less than of 0.01 BTC?

Who in the fuck is going to buy Bitcoin at $100?

Unless institutional investors come in droves we're not hitting that trajectory

Who in the fuck is going to buy Bitcoin at $1k?

Unless institutional investors come in droves we're not hitting that trajectory

>>18119434
They'll mutter to themselves that it will be worth $10,000 when BTC is $1,000,000. By then I'll be choosing Lamborghini swatches

>>18119401
>Who in the fuck is going to buy Bitcoin at $1?
>Who in the fuck is going to buy Bitcoin at $100?
>Who in the fuck is going to buy Bitcoin at $1k?
>Who in the fuck is going to buy Bitcoin at $10k?
You are here
>Who in the fuck is going to buy Bitcoin at $100k?

>>18119560
This. BTC is digital gold.

>>18119401
Who would buy a whole fucking bitcoin? At 100k? Only an idiot, if the dollar can't stabilize.
But what can 100k worth of a bitcoin buy? Idk What do you want me to do?

>>18119434
Are you okay paying $10000 for 1 bitcoin when it used to be $100 each? Same concept

>>18119415
Lol. One government? Or all governments? Bitcoin is international. How will they get the keys from everyone? How will they make sure they don't hide it?

Bitfinex via Tether print
BZZZZZZ

>>18119560
BUAHAHUAHUAHAHAUHAHHAUUHHAHAHAUHHHHAUHAHAHAUAUAUAHAHAUUAUAHHUAUAHAUAHAUAUAHAHAUAUAHUHAHUUHHAUAUAUAHHHHAH

>>18119434
Would investors really be okay with selling 0.01 BTC for less than $1000?

>>18119560
>Who in the fuck is going to buy Bitcoin at $1?
>Who in the fuck is going to buy Bitcoin at $100?
>Who in the fuck is going to buy Bitcoin at $1k?
>Who in the fuck is going to buy Bitcoin at $10k?
you are here
>Who in the fuck is going to buy Bitcoin at $10k?
>Who in the fuck is going to buy Bitcoin at $1k?
>Who in the fuck is going to buy Bitcoin at $100?
>Who in the fuck is going to buy Bitcoin at $10?
>Who in the fuck is going to buy Bitcoin at $1?
>Who in the fuck is going to buy Bitcoin at $0.1?
>Who in the fuck is going to buy Bitcoin at $0.01?

>>18119747

>>18119401
REMINDER THAT BITCOIN IS TECHNICALLY AND OBJECTIVELY UNUSABLE DUE TO FEES WHEN IT HITS THE RANGE FROM 15-20K AS THE NETWORK SLOWLY COMES TO A HALT

STOP DREAMING CHANG

Can't you buy a portion of bitcoin?

>>18119943
based and absolutely correct

>>18119943
What did he mean by this?

>>18120006
buy USD tomorrow
-bear

>>18120006
when BTC reached $20k last time, the mempool became extremely congested due to its low throughput, fees skyrocketed and it became practically unusable, large organizations which just had adopted it for payments had to immediately stop doing so
Core has done nothing to fix this, nor do they intend to

>>18120037
Would chainlink fix this?

>>18120077
Eth should cash in too tomorrow
-bear

>>18120077
no, what would fix it would be to remove the blocksize limit, which was also the intended way to reward miners through transaction fees as the block reward subsided
https://bitcointalk.org/index.php?topic=532#msg6306
>The current system where every user is a network node is not the intended configuration for large scale. That would be like every Usenet user runs their own NNTP server. The design supports letting users just be users. The more burden it is to run a node, the fewer nodes there will be. Those few nodes will be big server farms. The rest will be client nodes that only do transactions and don't generate.
>—Satoshi

https://bitcointalk.org/index.php?topic=48#msg329
>In a few decades when the reward gets too small, the transaction fee will become the main compensation for [mining] nodes. I’m sure that in 20 years there will either be very large transaction volume or no volume.
>—Satoshi

>>18120107
Very interesting

>>18119920
im no statist but the gold standard was retarded

>>18120006
he is a cashie retard don't mind him

>>18120141
kek fckn dummies. going to come themselves tomorrow
-bear

>>18120107
removing the dos protection doesn't fix shit

>>18120173
>pay no attention to the man behind the curtain!
>>18120186
yes, it does, because it allows for the volume of throughput required for the network to function properly
there's no longer any need for a limit, there hasn't been in years, miners are more than happy to collect the transaction fees, so feel free to "spam" as much as you like

>>18120186
bro chill
-What the fuckis wrong dude?

>>18119401
Broker/dealer for an Institutional investor here.
Link or Ravencoin is the future. Bitcoin is for boomers who buy into tulip mania.

>>18120214
How about RSR?

>>18120214
Nice larp

>>18120214
-Why not go back to shorting the economy?
-8ear

>>18120256
Only if you shill it hard enough
>>18120318
The only part I'm larping about is about Link. Link is hot trash let's be real.
>>18120340
>Why not go back to shorting the economy?
What do you think I've been doing?

>>18120318
If you don't like it you can stiff.

It's easy.
Government orders FREEZE of all exchange accounts in USA and declares contents will be confiscated on or before x date. Holders will be provided USD at market value for bitcoin. Market value for bitcoin crashes to hell. US government seizes btc in exchange accounts and pays out the crashed market value to holders. Declares holding crypto illegal and possession of any encrypted device a felony because (child porn/terrorism/nazis). Will "buy back" btc at certain value if turned in. Warns any btc addresses linked to exchange accounts are now illegal and holding more than 500 dollars worth of btc is a felony because (nazis and child porn).

15 years later US government declares bitcoin legal again, but only if you are a "certified professional whatever" and have "x amount if money" which means you are inherently more intelligent and qualified to trade assets than lil zoom.

US government proceedes to auction off the bitcoin it stole from its citizens at a 10-100x to banks.

>>18119912
Topwit

If you think it can't happen that's too fucking bad because it DID already happen with gold in the USA and many other places in the world.

>>18121271
>this is your brain on neoliberalism

>>18121303
So boating accident, 15 years to come up with a CPW qually, launder it back into market? Ok, I can do that

In the meantime that nation falls behind the world just as did the countries that banned the internet

>>18119815
is this actually him? would have thought this was a fake identity

>>18119943
> the impact of internet won't be bigger than that of a fax machine

>>18119920
I would be surprised if that quote isn’t fake

>>18119401
>7 years ago
Who the fuck would buy a BTC for 10k, They only cost $65 on mtgox, it will never get popular enough

>>18121389
lol he was a hard core gold bug ayn rand disciple before he was in the Fed

>>18119401
>Who in the fuck is going to buy Bitcoin at $20k?
>Who in the fuck is going to buy Bitcoin at $10k?
>Who in the fuck is going to buy Bitcoin at $7k?
>Who in the fuck is going to buy Bitcoin at $3k?
>Who in the fuck is going to buy Bitcoin at $1k?

>>18121395
Based

>>18121394
IT had to stop at some point, a that point was late 2017. Each halving from here on out will result in lower, stabelized prices until btc plateaus well below the ath, which it will never see again.

>>18121453
Each halving from here on out will result in higher prices until btc moons well above each ath, which it will never see again.

bitcoin is a pos
made me lose 250 bucks

>>18121453

>>18121453
>this time it's different

>>18121453
>had to stop
But it hasn't stopped.

All of you are buying BTC to make a profit in fiat though. You probably don't plan on exchanging it for goods or services, so unless it becomes widely adopted, you're just going to sell it off for fiat. This is the mindset of most bitcoin buyers, and this is why I struggle to believe that it will ever stop being volatile as fuck, and that normal people will ever have confidence in it as a store of value.

>>18119434
Be me buy stuff online and pay with btc in 2016

200 usd a month 0.3 BTC
2017 comes
i notice my 200 usd monthly payments is now 0.15 BTC

Irrelevant for me meh i only use it to do payments.

>december 2017 comes
>The remants of a few cents i had in a wallet from 2016 are not 10 dollars.

Just fuck my shit up, the point is that nobody needs to buy to get that price , just people doing transactions make it rise.

>>18121646
This

>>18121585
Kinda has. It’s out of the blue box >>18121506

All Craptocoins will eventually go back to 0USD

It's a meme.

>>18119401
https://youtu.be/XE76GNAAh24
>Last few minutes

>>18119434
absolutely, yes. you can just shift the decimal place a couple of spots to be back into psychologically acceptable price levels. stocks do it all the time with splits.

XRP is bitcoin 2.0 you retards, BTC is dead.

>>18122495
BTC is indeed dead, but XRP is not its successor, XRP is a ridiculous joke
XRP is not trustless, it's essentially fiat, due to lacking the proof of work mechanism, which is what ensures Byzantine fault tolerance, and what makes Bitcoin trustless

>>18122678
XRP works using Proof of consensus you fucking autistic retard. proof of work is garbage is encourages centralization.
the fact that you even posted this idiotic joke of a comment is reason enough you have no clue what the fuck you are talking about.

>>18121271
>Bitcoin addresses are now illegal

Kek

>>18121453
>

>>18119943
Oh gee another bcash or bcashsv faggot who thinks bitmain has the ability to spam the mempool again.

>>18119943
Its a store of value, not a currency.
You dont buy 1kg of gold just to chip off 1g a day to buy milk and bread.

Fucking retard.

>>18119401
deja vu
>who is going to buy Bitcoin at $1k?

>>18121646
>>18121757

Friends, this is laggard thinking, somehow still in 2020. The idea IS that people will sell their BTC for fiat. Will they sell their entire stack? Where will they now place ALL that money? Real estate? Stocks? Bonds? Cash?

What if they left it in BTC or any of the other numerous coins/tokens that allows a person to be in control of their own wealth (no gov't monitoring, no fractional banking endangering your money, no brokerages mismanaging funds).

Imagine if you DID have a block of gold that you could very EASILY chip off pieces for purchases less than the entire block. Now imagine, like gold- this "chippable" gold is also PHYSICALLY unconfiscatable and the security of your own funds is entirely up to YOUR own competence (the one who should be most competent is the person who's money it is anyway). Lastly, imagine what I just said appealing to people with actual wealth, not a bunch of yiffing furries, and lets see how BTC will hold up.

>>18119401
>Who the hell is going to buy bitcoin at [insert 10x current price].

This shit is so old, it could have been in the bible.

>>18120107

Unironically BCH and ETH

>>18123795
>Its a store of value, not a currency.
people saying shit like this in current year really dont have the right to call others "fucking retards"

>>18121646
>All of you
Not me. I and other hodlers are staking claims in the new land rush. Fiat price is irrelevant

>>18119434
Holy fuck what a retard.

>>18120214
>link
>future
kys

>>18119401
No one, people will buy Satoshis by then.

>>18124087
Newfags don't realize people already said that at $1/BTC.

>>18119434
>>18119401
You realize of course people were saying this when a bitcoin was worth $5 and $100, and $1000 too, right?

It's a ponzi scheme and you're still early. Your choice if you want to miss out

>>18119943
>AS THE NETWORK SLOWLY COMES TO A HALT
does the word halt have a meaning

>>18120107
do you guys ever realize that those quotes are from the only person who cares about money in a way that other people do not?
all other cryptos were created by some combination of people with agendas to PROFIT, they arent about the money at all!

>>18120006
>>18121382
>>18123735
>>18123795
>>18132103

That's the description of something that actually happened. When BTC hit 20k back in 2017-18 the entire network slowed down and almost stopped working while at the same time fees were skyrocketing non stop. You don't know this because you are a bunch of zoomer late adopters that are about get fucking REKT when you realize BTC simply does not work when the price is too high. Fucking retards I swear

>>18132384
Can this be fixed ?

Most of you are thinking in very US centric terms. This is a global hedge for shit currencies like mine (the CAD). It's a highly liquid alternative to gold. And I do have some USD - cause it's the least bad option. For me, new spot buys have been pretty good store of value as I've been timing my buys at lows.

>>18132384
You’re a dumb fudding nigger.

>>18119812
APT-variant viruses are designed to tamper with the blocks within the blockchain; a compromised blockchain is all we need to turn down any cryptocurrency-based system.

>>18134253
>Portugal, Greece and Ireland combined almost as wealthy as Russia.
How. That’s like 30 million people vs 150 million

>>18132384
>>18134038
>>18134273
notice how 2019 had more transactions than 2017 and there weren't any complaints

>>18119401
>he doesn’t know about the N5A
>he doesn’t know this has been planned for decades
https://m.youtube.com/watch?v=jfx7PnMtCeY

>>18119401
Unless the price continues to grow, miners will keep leaving until the ones in China and other places with cheap electricity remain. At that point, regardless of the price, it would have become too risky to invest in BTC.