/biz/ - Business & Finance

>>21048434
>This feels like 2017

no it doesnt. 2017 was bigboobscoin and gaycoin mooning 1000% in 48 hours because some twitter fag made a youtube vid about it

this is just late 2016

I feels like the start of 2017 which means you should feel good as fuck.
And one of the differences between 2017 and now is that there are going to be actual DeFi products that can prove value.
The ICO boom was all promises, promises, promises with no delivery, and then the hype ran out there was no floor because nothing was actually doing anything valuable.
Now Chainlink powered DeFi is making actual useful products and things like Bancor, if they work, will revolutionise exchanges forever. It's a different environment an in many ways a fundamentally more bullish one.

>>21048434
no, this time it's different less scams and more legit projects. also, new comers are more prepared and well-researched compared to then.

>>21048571
what small coin can i invest in to right now and make substantial gains? please help. /pol/ only got me so far.

>>21048571

>its different this time (but actually it is)

2017 had bitconnect, a literal Ponzi scheme that took in not just normies, but fucking Mexican janitors, go 3x.
We’re not there yet. Iron hands anon. Hold on.
This might even all go down in a -50%. This is not the golden bull run... yet.

>>21048698
>(And 10 crazy reasons why that's a good thing)

Wait till christmas comes around

>>21048622
Learn to use uniswap and just lurk /biz/ for new DEFI shitcoins that don't seem like total scams. You gotta know your scam tolerance. Just because something is a scam doesn't mean you can't make out like a bandit. But some things are just too scammy to moon.

>>21048550
>>21048434
My my parents say I'm not should post here because I they say that I am autistic and that this is not a good place for me but I like to watch a lot and some and read and read sometimes read and so I wanted to to tell you that now time seems to be a lot like very very late 2016 and everyone in 2017 seemed to get very involved around a 37% increase. And I think that is very funny because the internet had an event called eternal September that pretty much kicked off the internet as we know it now and everyone became internet users and if we have that again with crypto in this September then it will almost line up with that 30% mark but I can't be sure because I don't like it when the numbers don't line up

>>21048792
>uniswap
Why does it look so fuckin gayy though?

>>21048434
So what. we can always kill ourselves.

>>21048622
Look into:
RSR, PNK, YFI, BNT, BUIDL, STA, and AKRO.

>>21048434
You're right OP, nothing has really changed and we're basically going to witness 2017 version 2.

Bitconnect is now called Ampleforth, and Defi is a meme concept to draw money in from newfags.

You really think ((((they)))) are going to let you take over their centralized finance? Good luck.

>>21048622
BUIDL

>>21048571
i cant believe how fucking quick this got here. literally in the last few months. thought this would take atleast a year

>>21049290
>Bitconnect is now called Ampleforth
take that back you bastard or imma call you a retard. take it back!

>>21049290
this, everything that is not bitcoin is a scam and is going to $0

>>21048434
Just cash out your initial x2 so no matter what happens you can at least say you made money. Then watch your blockfolio skyrocket and get rich on paper and come shitpost and snort coke off hookers with us on biz

>>21049193
Can you focus your autism for us and predict the future please? We know you can see things we can’t.

>>21050346
>Just cash out your initial x2 so no matter what happens you can at least say you made money. Then watch your blockfolio skyrocket and get rich on paper and come shitpost and snort coke off hookers with us on biz
That's literally what I went through in 2017-2018 except I got greedy and didn't cash out my initial, only to see it perish together with my gains

>>21049193
kek good effortpost

>>21049240
it probably is. I can't imagine its not. I think if you the main trade page doesn't have unicorns I don't think
but its definitely the go to right now for small or new stuff

>>21049290
They cant stop it even if they wanted to.

>>21048706
and 2020 has AMPL

>>21048571
This yieldfarming shit looks scammy as fuck tho
>set pools to borrow and yield fees, so that the borrowed crypto can be put in more pools, so that more can be borrowed to pay fees, so that the borrowed crypto can be put in pools again
This shit is like ouroboros but without the infinity

>>21051051
it's a scam but number go up.. nobody's using defi except to trade tokens with leverage.
however it does feel like there's some possibility in the future where these platforms will be used for something else other than betting on scamtokens.
>>21048571
linkies are more excited about locking up LINK in ystables than then are for actually staking them.

>>21048571
>things like Bancor

bancor is a Jewish scam from 2017 and it's promise promise promise

This is inbred 2017 with less normies to soak up the market manipulation

>>21048434
Im bullish on fear

>>21048622
Forget all these scammy faggots and look into LINK, BNT, and DMG. If you do your due diligence you will realize that many OG LINK holders hold BNT and/or DMG. Good luck, anon.

>>21048622
DEXT

>>21049290

That's why i shill xamp because Ampl is trash cuck degenerate shit

>>21048434
this time we bought early bro.
it be a massacre alright...but it happen below us, as we getting closer to moon.

>>21052032
Is DMG a long-term hold?

>>21049193
actually based lmao

Don’t listen to the ‘this time is different’ fags, of course it’s going to crash again eventually. But we are still early, in my opinion around the hope/media attention stage. And unlike in 2018, I am not naive so this time I’ll be the one dumping and pulling the rug out.

>>21052032
DMG is a scam

It is going to crash as soon as Bitfinex/Tether decides they want it to crash. They are doing 2017 II: Electric Boogaloo but with ETH rather than BTC. Every leg up on ETH has been the direct result of ~$150,000,000 they have printed out of thin air, which correlates to the exact day the leg up occurred. ETH will one day be worth these prices but not today - the reason BTC is "only" going up at the same rate as gold is because Tether isn't buying it with their imaginary money.

They are going to short everything via Bitfinex and make much, much more money than the paltry few billions they conjure up every week. Don't get caught when they do.
>>21052219
>>21052219
>>21052219

>>21048571
>If they work

camon now daugh, you ain't even trying.

why there is no 12k wait room?

>>21048434
ngmi
https://m.youtube.com/watch?v=TuztFuyV5IA

>>21053435
love the Tether conspiracy theorists that think they can see the pattern of Tether printing -> assets pump connection... no shit, they print tether when people buy it with USD.
100m USD goes into Tether -> they release 100m USDT from the treasury -> the buyer, who now hold USDT, buys 100m of Bitcoin/Eth/LINK etc. tether prints 100m USDT to replenish the treasury.

>>21053570
Except this isn't whats happening. Money is being printed at Tether without money actually going in. Who is buying billions of dollars of Tether each week rather than directly ETH or BTC? Why does every ETH pump correlate exactly to another couple hundred million Tether printed?

Tether was called out for doing this exact thing with BTC in 2017 and you really think they're not doing it again with ETH in 2020? You think DeFi hype alone can double the price of ETH within a week?

>>21048571
>Bancor

you invested in the wrong DEX anon.

>>21052907
This anon knows whats up.

>This time its different!

for every 100 times this sentence is said, maybe once it's correct.

Markets rise, markets fall.

Crypto is here to stay and nothing is going to change that. It will experience enormous bullish periods after experiencing major Capital flight from traditional finance, and just like every bull market there will be bear markets to follow.

All that matters is making money.

>>21048706
You are joking, right? We now have a whole fucking 'industry' of yield farming, which is a literal ponzi scheme, possibly worse than bitconnect. So many people are going to get burned and i am absolutely delighted that i get to watch it

>>21053846
I don't know what yeild farming is and am not invested in anything to do with it, is this a good thing?

>>21053674
>Money is being printed at Tether without money actually going in.
do you have proof of this? or are you just guessing. the most obvious explanation is that actually, people are putting money in.
>Who is buying billions of dollars of Tether each week rather than directly ETH or BTC?
individuals, retail, some hedge funds.. honestly man im not sure but they clearly are.
>Why does every ETH pump correlate exactly to another couple hundred million Tether printed?
because when people want to buy ETH, they buy Tether which needs to be printed? idk its really self explanatory man, is it really hard to believe that there are people buying crypto?
>You think DeFi hype alone can double the price of ETH within a week?
yes

>>21049193
Heyyyy buddy, you done some calculations and figured out the next 1000x coin? What is it?

>>21048434
This is like late 2016 anon. Start of a recovery. We aren't near the ATH marketcap yet the space itself has advanced a lot and all the 2017 pump and dump scams are long dead. This next bubble is gonna be massive by comparison, this is a brand new technology and the average normie has no idea what it is beyond internet monopoly money. We may not even need to sell in the long run, im hoping that we can start paying for all our shit in crypto within a decade.

>>21048571
>Bancor
>>21053711
>you invested in the wrong DEX anon.

I have no idea why anyone would shill Bancor over uniswap, other than owning BNT... Otherwise I agree with the rest of what that anon said. I'm bullish af on ETH

>>21053887
What are you smoking? Why would people buy tether to buy eth? Why only eth and not btc? What idiot buys tether to exchange at massive fees for eth when every single exchange allows you to buy eth for usd?

IT is a ponzi. There is nothing backing up tether beyond loans to Bitfinex. It is imaginary money which they are using to pump eth and crash it exactly like they did with btc. None of your points make sense.

The obvious answer is the simplest one - they printed billions of tether within two weeks and used it to buy ETH, and now they are shorting it. Do you really think that there is massive demand for eth from $250 to $400 which IMMEDIATELY stops at $400? No, it's because new tether hasn't been printed since eth stopped going up. You're putting the cart before the horse.

>>21049193
Big based if real I'm high functioning but also my parents were never in my life hope your link stacks are fat

>>21048571
>DeFi products that can prove value
>prove value
for example?

>>21048621
>less scams and more legit projects
yes but be carful to UNiswaps defi scams the legit way to have an EXPOUSURE in defi without Index fund gay shit.. it's trought Chainlink

if you chase uniswap scams you gonna get burned like with ICO

>>21049270
>RSR, PNK, YFI, BNT, BUIDL, STA, and AKRO.
these are all scams and already mooned
don't even look at them

>>21052032
>Forget all these scammy faggots and look into LINK, BNT, and DMG

DMG IS A scam.

Another tecnique of the scammers is TO MIX LEGIT PROJECTS (LINK) with scams to let them be more trustworthy in your eyes.

Immagine buying a coin called ''statera'' ''stonks'' or ''BUIDL'' (from the Hodl meme)

you must be very stupid to fall. Avoid.

>>21055057
Stakenet.

A non custodial light wallet with a built in DEX where any coin will be able to be stored and traded safely, instantly and privately. Essentially an all in one crypto hub. No kyc, no registeration. Trades can be done over the TOR network for added privacy.

Seriously do your own fucking research on this one lads. One of the only crypto's that actually have a tangible use case and whose coins have inherit value because, like shares, they represent ownership of an infrastructure which is going to bring huge value to the world.

>>21053435
>They are going to short everything via Bitfinex
Do you mean they print fake theter and start the bull run and then they go on bitfinex and they short?
How to be ahead of them?

>>21049193
...... ??

>>21053674
Link. This is all you need to know. Link is the reason for this run up. Link will be the Ethereum of this bull run. Screen cap this. Link WILL be number one this bull run - there are many who do not believe, but will soon bend the knee to the truth.

>>21049193
Please post more. This is actually based lol. Autists are regarded the social elite on /biz. Please share more wisdom friend

>>21055211
rsr is going to 56$
pnk is the next link
yfi is the next btc
buidl is revolutionary

also - buy lcx

>>21054966
>Why only eth and not btc
BTC is shit

>>21055411
You can't. The only way to win is ride the wave and get out early without FOMOing back in.

>>21055548
LINK is a top 5 coin but won't be top 3 this bullrun. Maybe 2021.

>>21055893
>bitcoin rises at the same rate as gold
>ETH rises at the same rate that Tether makes imaginary money
I think ETH is great but if you think mom and pop are buying $400 eth you are off your tits. Go look at ETH marketcap for the past 30 days and Tether marketcap for the past 30 days and tell me it's nothing to worry about.

>>21048622
bzrx

>>21055636
>rsr is going to 56$
useless coin with a gigazllion supply
>pnk is the next link
shilled by a retard like vitalik (he also shilled omise)
>yfi is the next btc
lmao
>buidl is revolutionary
meme name likke stonk
uniswap scam crashed

>>21048434
1.1 post by this id
2.Nothing really went up but nazi scamcoin
3.You're stupid
4.This board is unbelievably dead

>>21056040
>You can't. The only way to win is ride the wave and get out early without FOMOing back in

Example: if you see that Bitfinex has just printed millions of Theter then you could think that probably somenthing's gonna happen

>>21049193

>>21056135
Which they stopped doing the day ETH stopped pumping, and have now been flooding exchanges with billions of USDT direct from the treasury account. It's not going to end well.

>>21048622
RSR. Still has a long way to go. Maybe XRP too.

>>21049193
Best post I've seen in a while. My stomach kinda hurts for laughing too much.

>>21056184
do ya' think they gonna use them to short btc?

I feel ya, I think if the economy really takes a shit and we see hyperinflation because of money printer go brrrrrrrrr. People are gonna be selling to make ends meet. Ngl im probably gonna sell 3/4 of all my crypto a day or two before the election. No matter what happens or who wins, normies will be big mad.

>>21056184
You realize that tether is backed by a USD right? So in order for bob to go buy BTC with USDT he had to first exchage USD to an exchange for USDT. You cannot have a tether purchase, without exchanging USD, or an asset that was tired to a USD. People dont just get handed tether. God you fucking retards are dense. Seeing huge amounts of tether being minted is BULLISH AS FUCK. it means that there is actual USD demand for that much, and all of that will end up being dumped into a lot of tokens, namely Link, XRP, BTC, and ETH.

>>21049193
Autism is just pure Logos with minimal ethos and a complete lack of pathos. Nothing wrong with being a functioning turbo autist who thinks empathy is a type of pokemon. Godspeed anon.

>>21057431
Tether themselves admit on their website that not every tether is backed by fiat. Loans to associated entities count as 'backed' by their own definition. A $2,000,000,000 loan to Bitfinex counts as 'backed', fyi, and tether has 'loaned' far more than that to Bitfinex. Do you really think that money is getting paid back? They are doing exactly what the did in 17, 18, and 19 to short the market and rebalance their collateral with their obligations rather than actually have bitfinex pay back billions of dollars they don't have.

They are printing money with loans and using it to artificially inflate ETH.

>>21057545
Based sokrates timetraveller

>>21048434
T A K E P R O F I T

>>21057950

This

Just keep in mind. With the stimulus checks coming, that's just more money for stonks, metals and crypto. Expect a big PUMP over the next 6-8 weeks. I'd consider exiting with half your investments in Sept, maybe even early Sept.