/biz/ - Business & Finance

>he doesn't own a single bitcoin
HAHAHAHAHHAHAHA

next stop da moon

Who's worse, nocoiners or ETH fags?

>>1826634
no coiners

at least ETHaggots tried

Eth is now at $16.50. Where is your god now btc faggots?

>>1827155
haahahahahaaa

I'm going to die of laughter when ETH's market cap surpasses buttcoin's

I will be swimming in an ocean of salty tears

>>1827190
this thought excites me

>>1826492
WAIT
RESET
RESET
i only have 15 eth and 0.9 btc, please go back one month so i can buy more

>>1827190
>ETH's market cap surpasses buttcoin's

I'll be laughing when ETHfags hold the bag and the devs dump theirs. Screencap this, ETH will be sub $10 by July.

>>1827155
It was already $20+, so what?

>>1827236
Oh yeah JP Morgan is getting in on this low vol shitcoin pump n dump

>>1827236
how badly are you gonna cry when you buy ETH at 100 dollars? :)

Let's grow together ETH and BTC to the moon!

>>1827549
For real. I don't understand the ETH hate from BTC dinosaurs. BTC was the crypto proof of concept. They cut a path through the jungle. ETH is here to pave it and put up street signs. It's only natural that an innovation would build upon the success of BTC and eventually surpass it. Take it mainstream. Why would crypto follow a different path than every other new advancement in history? Don't stand there shaking your fist at progress. Climb aboard! The torch will be passed. It's nothing to get cranky about.

>>1827578
Ethereum is new coke.

The more fucks like you promote it, the more people will know that it's doomed from the start.

>>1827593
>>1827578
>>1827549
normal people cant spell Etheruium

>>1827593
Ok grandpa. You're right. BTC is the end-all be-all of crypto. Nothing will ever outpace it ever. That's how industry works.

>>1827603
Bitcoin is crypto.

If certain features or improvements are desirable, it will simply assimilate them.

If any altcoin wants to dethrone bitcoin, then bitcoin would have to fail completely first.
And if bitcoin fails completely, that means the very basis of cryptocurrency fails completely, and all shitcoins will go down with it.

>>1827603
Thats pretty much it yeah ,bitcoin is king.

>>1827624
Party together Ethers and bitcoiners

>>1827652
Bros for Lyfe

Why is nobody talking about Dash, it's fucking $44

>>1827671
Pump and dump.

>>1827688
My ass, check their activity, it will grow and atract new money, also circumventing localbitcoin and being able to buy dash with cash will help.

Dash is going up for sure. It's the more attractive coin by far in terms of actual usage of a coin, the whole project is solid af.

>>1827705
Also TA is looking good.

TA+fundamentals+new money=?

We grow together. To the moon!

>>1827578
You shills are ridiculous. Why the fuck would anyone want a crypto that is tied to JPM, UBS, Credit Suisse? The dumbasses that created the EEA don't understand one of the fundamental appeals of bitcoin is that its decentralized and not tied to a fucking bank. The banks are the fucking reason the USD has been debased to the point that its at today. People are waking up to this and scambling to buy up something/anything that is not currently being manipulated by the banks. The only fucking thing left at this point is literally BITCOIN. I hope every NEET on this site recognizes that are sitting at an inflection point within our society. We are being presented a window to free ourselves from this bullshit system the Feds have created which has fucked generations before it. They literally print money whenever they want and you slave hours of your life away for their printed paper. Think about this.

tired of seeing these threads. None of you fags are making any real return unless you have thousands of bitcoins. Bitcoin is to high to make any real money unless you have real money.

>>1827739
It's called relativeness dumb-ass.

Us poorfags make relative to what we can afford to lose(which is nice in my case for my needs), you would be winning accordingly with what you own, so yes, you are missing a huge oportunity and you are internally compensating your regret with anger on us that are winning.

>>1827267
>muh JP morgan
May I remind you how R3cev crap was a fail?

Bitcoin is THE capital B blockchain, stop copping.

>>1827739
You can still get in before 10k.

>>1827236
>ETHfags hold the bag and the devs dump theirs
they already dumped in summer of 2014, you probably weren't around on /biz/

Why is Eth growing?

>>1827732
>one of the fundamental appeals of bitcoin is that its decentralized and not tied to a fucking bank

Eth is also decentralized. What is even your point? 'Tied to banks' is meaningless. Banks don't create ether, so what the fuck are you even talking about?

>>1827732
>i don't understand modern economics: the post

I'm not sure what's worse, goldbugs or your ilk. If everyone truly believed as you do then why is everyone cashing out their BTC at the quickest sign of trouble?

If you think the world's governments are going to let their sovereignty be undermined by buttcoins you are DELUSIONAL.

>>1827986
I find goldbugs to be more of a love/hate affair once I get to know them

>>1827986
Ok I'll make this quick. There is an internal PBoC whitepaper that has circulated stating their plan to buy bitcoin and distribute it out among all of the chinese provinces. Their plan is to 'hedge' against the dying USD and petrodollar. The chinese provinces will use their bitcoin to lend against to the world. Thus greatly enriching the provinces, while not dealing with the mess of become the world's reserve currency. This is their long term plan with buttcoin.

>>1827976
EEA is tarnishing the ETH brand via association. Of course, I know ETH is decentralized too, but rub your brain cells together for a moment. Why would a bank be interested in forming a blockchain alliance? It couldn't be they want to make a profit off of it off of the transactions would it?

Corps you know and love adopting Ethereum is bad? Time to read up on Ethereum in Reddit (Pic related)

>>1828019
aren't they basically banning bitcoin in china?

>>1828046
No, the complete opposite. They are cleaning all of the exchanges right now so that they can go official with their plan - and announce adoption of BTC as legal tender. Japan and the philippines beat them to it, because they know that China mines the most bitcoin in the world and their 1.3 billion citizens will be corralled into using bitcoin and not Ethereum because it's not tied to other countries banks.

>>1827787
>>1827941
i dont miss shit. im making more returns on other investments without having to transfer currency

>sold btc at 1100$
What was I thinking

>>1828060
>>1828032
FUCKING RIDICULOUS

The PRC isn't about to give up control of their own currency and place it in something out of their control. Jesus Christ just think about it for two seconds and you'll see how silly it sounds.

>while not dealing with the mess of become the world's reserve currency.

You mean the one of biggest factor's in allowing the US to maintain it's hegemony? They don't want to potentially inherit that power? You need to pass me the bong man because you are smoking some crazy shit.

I'm not saying their isn't money to be made on buttcoins but seriously dude you need to check yourself.

>>1828143
I am not lying. I'm just trying to warn fellow anons of whats coming up. Bitcoin in the 1000's is very affordable compared to where its going once this announcement is made.
They aren't going to make Bitcoin their only currency. It will just be approved legally as tender for transactions like it is in Japan and the Philippines.

>>1828173
I never said you were lying but have you considered that maybe just maybe you are a blinding yourself with your own greed? Everyone said Enron was a sure thing...

Nocoiners. When will they stop coping?

>>1828188
It's not a greed thing, it's a karma thing. I'm simply trying to inform people of the geopolitical realities tied to bitcoin, so that they can help themselves and more importantly others that will need the help. The next few years are going to be very rocky economically for those that are bound to the USD.

>>1828197
Replace bitcoin with gold and you are saying what doomsayers have been saying about the USD since we are off the gold standard.

And they were wrong over and over and over. A more chaotic world looks for a stable place like the US to park their money. It's happening right now. The USD is backed by a longstanding SuperPower. Bitcoin is backed by memes and has logistical problems (such as # of transactions per second) and has no such history.

You may very well be right, but something tells me you haven't critically thought much about this and are just eating up the memes.

>>1828207
Ya but this is different because gold and silver do not really functionally work in our current day environment. Goldbugs are not very realistic on this aspect. The whole world obviously needs a digital currency to continue functioning at the pace we're moving.
So China has a big problem on their hands, they need to manage their 1.3 billion residents on a daily basis. That means mitigate any uprising or rebellions that can pop up in any given rural province at anytime. So how do they go about doing this? By getting everyone on a cashless currency. They are currently investing BIG money into fiberoptics to expand their communication infrastructure. Then it becomes a simple matter of switching of a provinces' internet to control an uprising. People are naturally resistant to allow their government to convert to a cashless society. So they will be using bitcoin as a stepping stone to this structure. Introduce BTC to the rural people of china, give them access to it. Then convert any remaining printed yuan to 1's and 0's in due time.

>>1828207
Also, no one is parking their money in USD at the moment. Every foreign country is selling back their USD issued bonds hand over fist. And look at Germany they just repatriated all of their gold from us. The usd is dying and our zombie economy is on quantitative easing life support

>>1828246
b-but the Dow!

>>1828252
All electronic markets today are traded in the fractional reserve system. So for every share of stock or bond thats out there are 50 ~100 times that amount trades everyday on the exchanges. This started back in the 70's.
In reality there are over 100,000,000 failure-to-delivers everyday on the stockmarket. That means there is no certificates, no exchange of title, there is no exchange of money.
Why is the dow at 21000? And you'll see the same pattern in any other index for the matter. Are all of these stock values based on actual earnings? S&P 500 is trading at 26x earnings and earnings have been going down for the last 7 quarters. This is a result of the Fed's QE propping up a zombie economy and absolutely no practicing rationality of the financial markets.

>>1828274
Glad you know, too, friendo

Is it one or two companies that actually hold all the stock certificates for brokers in the usa? The rest of us just swap credits

>>1828274
What value does Bitcoin produce?

Nothing. It's all speculation. You can't even compare bitcoin to those.

Bitcoin produces ZERO value. People don't tend to invest in things that don't see value in. Most people aren't aware and see zero value in bitcoin, don't let your echo chamber here fool you otherwise.

>>1828286

>People don't tend to invest in things that don't see value in.

i think it's safe to say people will invest in anything that they think will yield a profit.

>>1828286
It provides us protection from the fucking Feds. Them, the banks, and the current crony capitalist government is the reason we are economically dying at the moment. And simply put, that is why china will going with BTC to make their little farmers out in the middle of nowhere china millionaires while simultaneously BTFO the Feds.
ETH has no leverage against their sheer population of China. You can put every fortune 500 company and Jesus on the EEA and it still can't compete w/ Chinas BTC because EEA is selling their koolaid to an economy with a dying currency.

>>1828292
True, but try explaining how blockchains work, how they are "valuable", and why a normie should invest in it versus investing in a company that offers products and services.

It's pretty easy to see which one will win out with the average person.

I get that everyone here thinks BTC and the blockchain is going to be the next revolution but that may or may not happen and who says it will be bitcoin and not something else? Bitcoin in a business comparison may be the Sears or Kmart to another coins Amazon who wins out.

If you aren't considering that fact you aren't critically thinking.

>>1828310
You are ignoring every hurdle bitcoin has to overcome and just saying it's "just going to happen."

>their little farmers out in the middle of nowhere china millionaires

Get a load of this guy. You need to lay off the kool-aid.

>>1828286
A decentralized method of maintaining a digital ledger backed by the most powerful super computer in the world. There was no way to send money over the internet before without a middle man. Now there is. That's the value Bitcoin produces.

>>1828314
The possibility of substitution is serious.

That's why I no longer hold BTC long term. I'm too concerned with govts cracking down on BTC and offering their own sovereign cryptocoins (Americoin?) in a transition to cashlessness. It is ludicrous to think that sovereign powers will relinquish their monetary policies without a fight. It doesn't matter how useful bitcoin is. Money is that which is accepted at the public pay offices. Until bitcoin can pay traffic fines and property taxes, normies will stay out.

>>1828314
The crypto currency winner will be the one with the most sovereign countries participating in it. And then it becomes a numbers game... which country can scoop up the most of that crypto as lending power in the future.

>>1828335
To any ETH doubters watch this video:

https://youtu.be/2_ERX4K_RME?t=7m3s

In minute 7:03 He says private blockchain Quorum and public ETH blockchain would be interacting so yes ETH is the new currency of the future in the eyes of the corporate visionaries!!!

>>1828310
>Feds
stopped reading

I want to kill myself for not buying when it was 350, I was seriously considering it

>>1828681
I put my capital in a 1 year deposit at 1,3% in january 2016, I have been losing my mind for the rest of that year, but at least I wasn't a pussy and got in as soon as my capital was released.

>>1828681
I was sitting in my room with a packed up bong when I first heard about bitcoin. Spent 5 minutes researching it and had another one of my impulses to buy some just in case. It was only $3 a coin so I figured why not buy 100. I had $8k in the bank so no big deal. Thought about it a little bit, smoked my weed, and figured why am I gonna waste $300 on fake money. This is definitely a fad.

I'm sure I would've sold before now anyway, but the moral is don't feel bad about not buying it when it was 350. Feel bad about not mining it from day 1, or not buying thousands when it was $1 and below.

>>1828173
God just kill yourself you retarded nigger

>>1828681

I want to kill myself for not vacuuming up thousands of them around the time that guy bought a pizza for 10,000 BTC. I had a wallet back then and everything, but thought it was too obscure to be worth anything.

Moral of the story: Buy ETH

>>1828681
I saw this shit at pennys, feel retarded still.

>>1828466
you don't type like one of us.
also, the more exclamation marks you use, the less I trust you.

What broker/platform is used to buy these coins? Willing to put 500$ towards each.

>>1828766
Seriously what's the ETH shilling

>>1828752
>>1828703
>>1828681
>early 2011.
>bought AMD 4850HD to replace 3560HD
>roommate asks me why am I always running folding@home and not use my machine to mine bitcoins
>what is bitcoins I asked and said that folding@home is much more important

I could have mined at least some back then.

Nocoiners are waking up to daily ATH's now. How can they ever recover?

>>1828783
kraken

>>1826492
Bitcoin is now worth over 1000 sturdy British pounds lads.

>>1828681
I bought when it was at 1000.

>>1828898
I bought some yesterday lmoa

>if this thing doesn't hit 10k long term kill me

>>1828905
I will probably sell some before the 11 tho.

>>1828884
watch me!

>>1829852
or this version perhaps might help you calm your autistic tits the fuck down

>>1829900

>>1829924
well i could beat myself up about a lot of things really, like: not playing the lottery with the right numbers or not investing into this stock or not buying gold in 2000 and not selling it 2012... only stupid people obsess over stuff like that.

>>1827739

I've made more than $30,000 in 4 years on my 23 bitcoins, for a rate of return of approximately 800%

What kind of percentage gains did you make over the last 4 years? Lmao

>>1828286

I can send any amount of money to anyone in the world, anywhere with an internet connection, at a cost many multiple times cheaper than traditional payment networks, and it will complete in a timeframe many times faster than traditional wire transfers.

I could put a hundred million dollars worth of bitcoin on my Trezor and travel anywhere in the world with it. Could you do that with cash? Gold?

Could you send 10 million dollars overseas for mere basis points in fees, and have the counterparty recieve it the same day?

>>1829990
>$7500 a year
>Decent returns
Choose one.

>>1828286
Before gold was used in consumer electronics, what value did it produce?

"Muh shiny jewelry!"

>>1830043
returns are measured in % not $

>>1830043

Can I really be blamed for being a college student that doesn't have a larger base of invest-able income?

I turned $4,300 into $38,000 in 4 years. You don't get to call yourself a better investor because you have a larger capital base. Enjoy your 5% index funds, gramps.

>>1826492
What is the best way to buy BTC? Coinbase and Gemini are both forced-namefag cancer.
>I somewhat hope no one answers me so I will be forced to wait to buy the dip

>>1828736
Why does everyone seem to have this sob story?

Fuck off eth shill, your pre-mined IPO centralized scamcoin isn't going anywhere

>>1830124
I use Kraken I'm not sure if its the best tho. Also, it's not going to dip until 2300

>>1828788
>mfw I started minig becuse seti@home was becoming boring

>mfw when I sold them all jan last year, because I thought tjis was going nowhere

>>1827975
I'm going with speculation. I think they are releasing a coupe new goodies, which will amount to nothing of value, just like everything else they've done.

In fact the only think ETH has been a part of is a massive scam, which used the technology exactly how it was suppose to be used. The guy didn't "hack" anything, just exploited a contract and people got rekt out of millions.

I really don't understand the appeal of this stuff. Smart contracts can be done on bitcoin ffs. Not only that for ETH to = $1000 the market cap would need to be something like a $100 billion. ETH only inflates...

>>1827976
>Eth is also decentralized
Except when its not. All trading of ETH was shut down by the developers at a whim when shit hit the fan. Its clearly not decentralized.

Tfw I have 32k sitting in a checking account and I want to invest at least 2k of it but I have no idea what I'm doing and all the shitposts here do nothing but add to my confusion

>>1830247

You need to read more shitposts then

>>1830247

Either just purchase the COIN ETF when/if it gets approved and trading on public markets, or begin reading up on bitcoin now and how to go about purchasing some, and wait for the ETF denial to get in on a good buying opportunity

>>1830231
not really. Eth dev team just advised polo and kraken the two main exchanges to halt transfers until the problem could be solved. and they agreed. consensus. it's how cryptocurrencies work.

>>1830247
just buy ethereum. bitcoin will either fall leaving you a bagholder, or only rise modestly making your investment a waste of time. Ethereum on the other hand has way more usecases than BTC and isn't riddled with chinese bagholders waiting to dump their bags of obsolete cryptocurrency.

>>1830269
>>1830275
Your product is shit and you should feel bad.

I'll hop on when they actually produce something of value that isn't a scam.

How rekt did you get on the DAO faggot?

>bought ~£2000 of centamin shares on Monday because ex dividend day yesterday at 13c per share at 172p per share, getting me £135 in dividends
>£165 loss today because of ex dividend value decrease


Its going to jump up even higher next week like Unilever and Imperial tobaccos share price did after their ex dividend days isnt it?

>>1830231
That was a big red flag for me

>>1830247
Set up an account with Coinbase, connect your checking account, and buy some Ethereum or Bitcoin. Then you can transfer that to an exchange of your liking (Poloniex, Kraken, Gimini, etc.) and trade as you wish, or keep it stored in a wallet for safekeeping. Boom done.

>>1830357
>>1830275
>>1830267

Thank you kind anons. I will research what you've told me and hopefully make a buck or two. I'd like to buy a home and pay it off as soon as humanly possible

Time to get out of chinese cuckold coin and get in to glorious western ethereum

>>1830295
How butthurt do you sound? Bitcoin is obsolete. Face facts

BTC IS GOING TO THE EARTH'S CORE RIGHT NOW. NO COINERS WERE RIGHT ALL ALONG

>>1830676
Up $70 since yesterday, Why are eth faggots so mad they keep missing the train?

>>1830247
I've seen the person in this pic many times, but only now did I realize that it's a """woman"""

What is even happening anymore...

>>1830676
Literally not an argument. Maybe address and rebut next time. Because from here it sounds like you don't have anything of value.

So is Mr Industrial Manipulated Metal Silver ever going to the moon or should I just sell it and go into BTC?

> Hold physical they said
> Manipulation can't last forever they said
> Even after Deutsche was caught red handed nothing came of it
> Physical demand will skyrocket the price when the crash comes
> All this money printing will send it to the moon!
> Quick goys everyone's dumping USD, run to Silver, it's the big sleeper!
> The price can't hold with the mine supply shortfall every year

5+ years is a long time to wait to be sitting at a 28% loss when everyone said it would go anywhere from $50-$5,000 an ounce. This sucks.

>>1827267
You do know that JPMorgan is doing this on their own private blockchain. basically stealing Ethereum technology?

>>1830780
>Reply
its longer term brother. stay on the train or you'll never catch back up

>>1830780
>5+ years is a long time to wait to be sitting at a 28% loss

Meanwhile us "moon kids" are sitting on 60+% profit in less than a year.

>>1830786
and since ETH cucks don't and never did respect decentralization, it'll surpass it.

>>1830780
>he fell for the gold meme
you can still buy btc before we hit 5 figures

>>1830862
Lol small minded btc fuckwit.

Banks are using ethereum coding for their own chains because ethereum is industry standard blockchain format and they need their systems to be sble to interact with the public ethereum chain.

Lol keep your chinese shitcoin btc. Become a bagholder for the chinks no ones stopping you.

>>1830780

Same boat here, dude. I bought a ton of gold @ $1750 because teh sourcez swore we were on the brink of a price explosion. That was like 5 and a half years ago.

>>1830787

Been on this train for like 10 years, my dude. I'd just be happy to regain what I lost at this point.

>"they can't manipulate the price forever, we're coming to the endgame!"

We're always coming to the endgame.

>>1830897
>they need their systems to be sble to interact with the public ethereum chain.

lmao

They couldn't give less shits about the ethereum blockchain. As long as their implementations can communicate amongst themselves it's enough for them. The official ethereum network is a pro bono experiment for them, they just want the tech.

>mfw in 2017 grown ass men that can read and write are non-ironically believing banks will voluntarily hand over the management of all their contracts and businesses to an experimental OPEN SOURCE project led by a 23 year old russian autist

Bitcoin is overhyped stock XD

>>1830708
Meanwhile eth fags made 30% profit in a week

thougt of buyin at the 800$ dip, registered on coinbase an learned more about it

didn't move tho, I didn't see its unit value over 500, neither I do now, too expensive for so shitty volatility

dips after etf rejection
700 to 1200 in few months is a bad joke

>>1830951
>grown ass men that can read and write are non-ironically believing banks will voluntarily hand over the management of all their contracts and businesses to an experimental OPEN SOURCE project led by a 23 year old russian autist


....says increasingly nervous man

>>1831519
Looks like you are too stupid to see the real value of bitcoin.

>>1831581
>....says increasingly nervous man
says increasingly nervous ETH bagholder.

>>1831861
looks like you're too stupid to differenciate prize and value, you can't just 'see' value

in fact, there are too many limits to make a serious analysis about it's value because a lot of info isn't simply reachable

how much electricity costs (usd worth/work energy) is behind every transaction?

what are the growth rates of the bitcoin user community? how many individuals join up daily?

what is the average wealth in btc of the average btc user?

how centraliced most btc wealth is between coiners?


how many of these individuals are actually legit libertarian-minded and not just greedy retards shorting/pissing everything?

how much does it cost to mine a bitcoin?

first huge dip of btc was due to it's initial inflationary design, where pioners made huge profits, yet, the same hype psichology continues, btc right now still sustains a noticeable rate of inflation at 4% with a fucking roller coaster volatility

I'm not saying it's worthless, I'm just pointing it's really complicated to assume market pricing is correct, most coiners don't seem to use it as a savings/wealth insurance alternative, but bullish investing and that's not in sync with real btc's worth

>>1830951
Adapt or die, ethereum is the future
Pic very related