/biz/ - Business & Finance

middling and below iq

bitcoin should be 1/3 of your portfolio minimum, even if you have under 5k

100% of crypto holders hold nothing

No need to explain this

Literally priced in

>>18657181
Didn't read, 100% in LINK and PNK

Do you have any source on that OP?
But if you think about it a little, it might make sense and the truth might be a bit grim.
One explanation is that pajeet cannot afford bitcoin and he won't win much if he gets 0.000001 so instead he buys PNK, LINK, XTZ and whatever is dirt cheap, you name it. It's not a bad idea, since he can technically get bigger returns on these coins so might as well.
The other side of the coin would be that most Bitcoin is owned only by a handful of whales so not everyone can get it.

>>18657165
sound like impossible
80% BTC
20% ETH
master race here

>>18657165
Waiting for dips to complete my 3rd BTC get fucked everyone there will only be 6 million persons that can ever hold 3 BTC

6 million kek death to the jews

>>18657165
WTF 60%

>>18657945
Shit congrats fren

Not spending thousands on one Bitcoin. The time to get BTC was ten years ago. I missed it.

>>18657165
They Either got tricked into buying scam coins or already know BTC is 80% pooled in china with 57% in Sichuan alone. Why bank in china? CCP could shit it down if they wanted only brainlets would argue otherwise.

Smart money is in Ethereum and a little Zcash. Nothing else is a good long term hold imho

>>18657945
now just multiply it by 7 and you are gonna make it

>>18658196
What in the actual fuck is wrong with chinks? They're as subhuman as niggers but with IQ's dangerously close to people's. We need to nuke them into domestication like the japs or just wipe them out entirely like the indians.

>>18658251
it's just a snack bro

>>18657165
Why hold bitcoin when ETH is going to flip it within the next 2 years?

>>18658251
lol ya i am a Bitcoin OG and it was fucking sad watching what Chinese did to BTC. They built ASIC's to control it then refused to update to protocols to enable decentralization. It all happened so fast and the average person has no idea that 57% majority in now in warehouses in Sichuan China. The CCP lets it live for now because it extracts money from clueless people oversees.

All the good devs fled to other projects BTC Github is basically dead.

Fuck chinks never trust a chink with your crypto

>>18657165
100% of my crypto is in chainlink, if your going to put money into a speculative asset you may as well go all out

>>18658274
>>18658251
Would you trust this man with your crypto keys?

>>18657165
Because Bitcoin is useless since it doesn't scale anymore and it's a terrible store of value compared to gold.

>>18657165
Simple.
Nobody with a functioning brain believes the cryptocurrencies of today will be here in 5 years, so they make some swing gains in the shitcoins with higher volatility, and cash out to... well... cash to secure any profit.

>>18657165
What's the point of BTC? I also don't hold gold or diamonds. Also: buying an asset that has already gone up 10000%...

The alt game is so simple it's unreal:

Don't buy coins:
> from the last market cycle
> with silent/disappeared teams
> with non-white teams
> with stupidly pumped charts

and you will make it. Trouble is that most idiots can't seem to understand those few rules, and are still fawning over DEAD shit from 2017 or *known* chink scams.

>>18658410
Assuming they ever find a use for crypto, aside from using it to do worthless cryptosphere stuff or theoretical/preposterous/and prohibitively expensive rube goldberg solutions for existing fintech industries, btc will be in a museum like eniac or Babbage's first computer.

Don't hold your breath though... normally solutions in search of a problem don't take 10-15 years to find a single viable use case.

>>18658410
>Also: buying an asset that has already gone up 10000%...
nigga you would still be up 1,666% if you had bought four years ago before the to 2018 crash and held through the bear market...

>>18659195
>look at this scientist
Lock your money up in something with no real value, that mtgox just lost half of, because reasons.

>>18658332
This

Bitcoin was the first, and will always be revered.

But the future of crypto is in multiple projects.

>>18659261
what other asset has given returns like? also,
>muh assigned value because i said so

>>18658364
kill all chinks

>>18658337

90% LINK 20% RLC and a few random microcaps with play money.

Bitcoin Maximalists are some of the oldest, dumbest people in the space. I invest in DeFi, not some Boomer "store of value" that seems to inherently be a ponzi for 90% of people who advocate for it so much. In actually excited and use smart contracts when i can because im a nerd and hate banks, BTC maximalists just never open their wallets and sneer at me for getting into LINK at 17 cents. Not saying BTC isnt cool but it isnt the cutting edge speculative bet it used to be, its a bunch of Johnny Come Latelys pretending to be oldfags when they have less than $100k invested.

Infrastructure-level defi projects that are blockchain agnostic and will provide passive income are my bread and butter. If a new oracle solution arises I will simply buy that as well. Inevitably whichever oracle becomes the industry standard will surpass BTC in market cap. It's obvious to people who can evaluate the utility objectively and not let past performance cloud their mind.

>>18657165
Because the shit is no longer bitcoin

>>18657182
based and redpilled

>>18657165
holding BTC is a meme if you want better returns. Get memecoins, shave some gains off and dump into BTC.

>>18657165
>buying btc
Okay boomer

>>18657165
https://www.youtube.com/watch?v=UOYi4NzxlhE&t=42

>>18657453
Sorry I don't, it was based off polls I seen on 3 different platforms

I was shocked but at the same time it kinda makes sense, I guess lots of people feel they missed the boat on bitcoin and would rather take the chance on 50x from an altcoin than 10x from bitcoin

>>18657165
The problem is, OP, that you probably aren't seeing all the posts. If you are just viewing [biz] through the /biz/ board, you don't see the green posts, the posts with letters in their ids, or anything numberless. Together, those make up about 40-70 percent of [biz], depending on the day. So conversation will appear disjointed and spastic, because you won't be getting the full picture.

I actually just flipped over to the /biz/ interface to make this post, and it's pretty funny how unintelligible [biz] is like this.

>>18660274
In my head, based on the info that I consume the most common and most sensible thing to do is to have 40-60% in bitcoin, it's a safe longterm hold that will probably at least 10x over the next 5 years, and the remainder of your portfolio is spread across a few riskier promising projects

That's why I was so surprised to see so many people have 0 btc, they are all in on eth and alts

>>18658473
On the other hand, I bought litecoin around $27 last year and sold at $125 with a small stack left over that is still up 50%. This market is retarded, I'll grant you. But just because a shitcoin is a scam doesn't mean you can't make money from it.

>>18658473
Meant to reply to >>18658437 but it still kinda applies.

With Ethereum 2.0 supposedly coming out this year shouldn't I buy that mainly? People like new shiny toys so the price might rise a bunch

>>18660432
That's true, and that's what I held onto. Even though litecoin is in my opinion a boring project that doesnt have a bright future, that one day, during a big bull run ltc would be worth a few hundred, and I still believe it but I just see more potential in other projects

Do I believe that at some point, during the next crazy bull run that LTC could be worth $500? Absolutely, normies and new money will rush to coinbase, see that btc is at 50k, think they missed the boat and instead put their money into 'cheaper' coins, but I also believe that things like tezos and link have even more moon potential, you could make 5x on link before the golden bullrun even begins imo

>>18657165

newfags that don't get it yet

YOU GUYS ARE HOLDING INFLATIONARY SHITCOINS LOL

>>18657165
40% of crypto owners are normies who dont understand anything and just dont want to miss out. The hilarious part is they will miss out.

>>18657165
60% of crypto holders are pajeet niggers who can only afford penny coins in the hopes that they shill it enough on /biz/ to where they can trick retarded westerners into taking virtual currencies seriously

>>18657181
Bitcoin is obsolete and will be replaced by better coins as #1. Things like LTC, BCH and DASH. Pick one, your guess is as good as mine but its sure not going to be 2 hour 50$ transaction bitcoin.

>>18661292
Btc fees been bellow 1 usd for two years and is the coin with the biggest liquidity.

Average transaction is above 50k

>>18661387
Its price spiked 50% just days ago, was in a news article. If its 1USD, it went to 1.50 without any significant price change. Scale up to 100k, 17$. 200k, 35$. Cant scale, wont scale, will be replaced. If it could scale, BCH wouldnt exist.

>>18661292
You just named 3 of the worst possible contenders to the btc throne.
Also you realize if Bitcoin fails this entire space fails? If we have another coin on top that means there is always a chance it gets overtaken too, and no coin can recreate the virgin birth. You would never be able to fully trust a project, which is something this space needs desperately for validity.
Btc to 5 trillion and eth to 1 trillion next bull run. Btc continues to stay on top.

Why hold BTC when I can hold ETH and sell it to laggards at 0.3 BTC each lmao

>>18657181
Bitcoin is the ultimate midwit coin

>>18657165
People are priced out of bitcoin and have copefolios.

>>18657165
Its's very simple OP, the idea of getting rich in crypto is you buy and hold altcoins, altcoins go up in bitcoin, bitcoin goes up in dollars.
It's another multiplier

>>18657165
they holding stuff like ARPA on Binance

>>18659838
>I invest in DeFi
You are a fucking moron. MKR/DAI is entirely controlled by one guy Rune Christensen. 90% of the MKR tokens are owned by 100 wallet addresses and the development, audit, price oracles and internal knowledge of the system is controlled by a handful of people. Every other "DEFI" meme is completely centralized custodial system.
> will provide passive income
Again you are a retard. There is tremendous risk there and it's NOT some decentralized financial system. It's a bunch of crypto retards who are leveraging crypto to borrow money to gamble on more crypto and/or other retards hoping to collect money off those loans.

>>18657165
Most people are retards

>>18661880
>You just named 3 of the worst possible contenders to the btc throne.
0.2 XRP and 0.001 BSV were added to your account. No, Eth is not a competitor with 5000 scam projects eternally dumping donated eth onto the market to fund their lifestyles. No, a non-blockchain centralized KYC banker kike coin is not going to replace it.

Pic related, heres your choices. Pick wisely or youre literally never going to make it.

>>18657438
Kys kike

>>18657165
sears existed before amazon
wonder how that turned out

>>18657165
60% of people understand that a non fungible monetary asset is fundamentally flawed

>>18662394
I did pick. Its Bitcoin. Everything else in the list except for eth will trend to zero long term

>>18662528
TIL redditors don't know what fungible means.

Edit: thanks for the gold faggot

Edit 2: by faggot I mean you

Edit 3: this really blew up but you have to go back

>>18662543
If making it to you means 4x the previous ATH, then have it your way. Bitcoin is not 100xing again, everyone else is.

>>18662550
>buying coins with literally no purpose
>buying into pyramid/ponzi schemes which can be cease and desisted as fast as Bitconnect

>>18662701
I think btc could 100x over the next 5-10 years

>>18657165
priced in

>>18662767
In the next 1-4 years we will have our bullrun, the cycles are becoming longer and longer - not shorter. The second bullrun after that is likely beyond 10 years away. Bitcoins either going to A 80k B ~94k C 120k D 180k
I expect the bottom of the next cycle to be about 30k with a positive prediction, 15k negative.

>>18662851
>>18662767
And alternately, E, its going to a few hundred dollars or thousands, after its replaced when it fails to satisfy its users due to extremely long transaction times and pricey ones... on top of being left behind by merchants and such. You can buy stuff online with BTC right now, I did the other day, it took over an hour to complete the transaction in a 2 hour window. What, are they going to start doing 10 hour transaction timers. DASH is already accepted in fast food places, instant send. Dont get left behind.

>>18662752
Time deposits on a decentralised crypto.
Literally pays you to HODL.
>Muh no function

70% ETH
15% DOGE

Ask me anything.

>>18662701
>everyone else is
>everyone
Seriously ngmi. Of course a 100x *could* be impossible now, crypto is almost 12 years old. You didn't just miss bitcoin, you missed crypto. Might a couple random projects 100x, sure. But most of you will pick losers and lose money. Bitcoin is the safest play, probably followed by Monero as a fungibility hedge. ETH is an interesting project but a shitty store of value token.

>>18657165
95% of crypto holders are autistic. Where my Dogebros at?

>>18663099
I've only got 35k but desu i'm mostly in crypto for the memes.

>>18663025
youre right, it does have a function
its a ponzi. its function is to make early investors money.
>Literally pays you to HODL.
see, this is its only function, you said it yourself

>>18663181
Based. Thinking about buying Link just for the meme.

>>18657165
Because BTC is garbage.

Is NEO a good investment?

>>18663083
t. retard

crypto didnt even hit a trillion marketcap. smart contract platforms havent even begun to scale but muh (((crypto is dead))). Golden bullrun is coming, the halvening is gonna push Bitcoin while ETH and NEO are going to scale, ready for enterprise adoption. Get fucked nigger.

>>18658437

Got chinked a couple times when I first got in but learned quickly after that.
I know a lot of cats did get rich off antshares though.

>>18663421
Did Neo ever get around that whole cant break the coins up below 1 thing, man that was dumb. They also called their client zion, but Im the nigger for not buying it.

Nothing new will ever happen to btc, also the halving is priced in. Ethereum is what people care about now and it will drive the crypto market from now on.

>>18657945
nice, then get your 32 eth

Most of human population is retarded, explain this

>>18657438
thx for the laugh anon

>>18657165
bitcoin is a boomer coin
i got some eth and some monero
the rest into shitmooncoins

I’m most bullish on ETH, but don’t forget the king. If BTC doesn’t get flipped then it will come back and shove its giant dick in everyone

>>18661523
Fees don't scale with token value.

>>18657165
most people can't understand BTC's value proposition. I probably won't understand it very well either if i didnt play runescape at a young age and understand the concept of digital scarcity (blue phats)

>>18661523
We need a fee market for Bitcoin now. It's the only way to preserve the 21m hard cap. Bitcoin average fee relative to subsidy is still only like 3% but at least a market is developing.

Bch can't scale because it is anti fee market. If there is always extra space in the blocks, then fees will never be high enough to sustain the chain. Ultimately you must have some arbitrary cap that causes the fees to rise.

90% of all btc subsidy is mined by Nov 2021 next year. We need a strong fee market now or Bitcoin doesn't survive.
Bch is dead because it has no fee relative to subsidy, and the second it ever does the culture behind that coin will just want to raise the block size again. If they don't they risk being hypocrites and if they do the hash rate continues to dwindle. Their only other option at that point is to break the hard cap with a new subsidy. No matter what they are fucking with necessary incentives and will trend to zero long term because of it

>>18658332
Are those other projects somehow immune to Chinese takeover?

>>18663421
Maybe you misinterpret my message. For reference I've been holding my BTC stack without selling a single coin since 2013. 'Bitcoin is the safest play' also means it's the play I'm still making. I'm not going to even start selling any till we see 10x from here, but I tend to think we will see a 100k - 250k peak within 2 years. 100x tho? Yeah it COULD be that we never see a 700k BTC. But it could be that we do. Although that will take at the very least one more full cycle. When I told the other anon that they missed crypto, I meant they probably missed the chance to turn a few grand into millions like a lot of us early adopters will probably end up having done. I feel your reading comprehension might need work because my position should have been clear from my post. The emphasis on '*could*' clear implied I think there is a good chance bitcoin might eventually 100x.

all in Tezos & Link. Fuck your boomer coin

You can get better gains by investing in moonshots like 0xMR

>>18662915
Spending by means of adding entries to databases was a solved use case before crypto. Please don’t invest in altcoins because they promise faster and cheaper transactions, or explain why they are better than paypal. Decentralized? Trustless? Sure, that’s what you need to buy a soda. What about drugs and hitmen? Ok, that’s a real use case, but a fringe one. It helped btc gain some momentum in its infancy but has long been left in the dust. Your super-anonymous shitcoin is welcome to take that whole market, it wont make a dent in bitcoin’s market cap.
> b-but oracles, defi...
No. It’s just another episode of
> dude, have you ever watched the muppet show....ON BLOCKCHAIN?!
After btc ath everybody and their dog wanted to get in on the action, and the one thing that could be copy-pasted from bitcoin was the blockchain concept. A blockchain only makes sense for one use case, super secure accounting, but as people tried to come up with things that needed super secure accounting it became increasingly clear there’s only one use case that really benefits: store (accounting of) of value. Gym membership status does not work better on a block chain than a sql server. Neither do financial services. A block chain is a super costly database and only makes sense when robustness of the database is extremely valuable and important. That is, it only makes sense for holding peoples’ wealth. Conversely, such a super secure, trustless database is the only sensible place to store wealth, which is why bitcoin will keep mooning.
A crypto needs to keep track of how many tokens are in your account. That’s it. Inserting code to call a web service that starts your coffee maker when the price of eth goes up 5% is not the big deal you think it is and even if you want that use case, involving a block chain in the mix would just be misguided.

>>18667050
Utterly based and accurate.

>>18657165
What is so hard to understand, trannies like Kyosaki got into BTC and ETH, time to move on:

>65k TPS, 5s block time, 440+ nodes running right now
>3rd most active smart contract platform in developer activity according to santiment dot net
>41% of circ supply locked in staking
>integrated into the Samsung Blockchain Ecosystem, first dApp (Battle of Elrond) already released in the Samsung Blockchain wallet (yeah, that’s right ERD is on all Samsung phones)
>Binance Labs, Electric Capital (ex fb execs) as seed investors
>100% EVM compatible
>has royalty fees implemented at protocol level for smart contracts (30%) meaning that if you JUST MOVE A dApp from ETH to ERD and it’s used, you will get 30% royalties
>CEO ex NEM core member, has Metachain Capital & did some angel investing with notable early support for Binance, BAT and Tezos.
>NOW GOT ANNOUNCED THAT BUSD WILL BE THE FIRST STABLECOIN ON MAINNET

>>18663446
Chink scams were good last time. Their time ran out by mid 2018, though.

No one touches that shit now.

It's all about white, euro scams this time.