/biz/ - Business & Finance

>>22241074
i longed $9998 godspeed fellas!

>>22241074
yeah we never see 10k again
we launch to 0

what the fuck can't you see everything is falling down? bounced off 10k means bullrun is on? deluded nigger

>>22241074
i bought 1.5k at 9k im good

>>22241104

It's almost over for you.

Too obvious to post. These idiots only care about losing money

>>22241124
I went 100% cash I don't care kek

>>22241074
I’ve been warned easily over ten thousand times since I got into crypto. I have literally never seen one of these posts come to fruition.

>>22241196
spotted the new fag. buy some bitcoin bruv.

>>22241196
thank you warosu for timestamping this retard

It's like someone hit the reset button.

>>22241074
Every time this specific image is posted, Bitcoin dumps, I'm convinced it's bears posting it.

>>22241196

That's because you got into crypto post-2017. If you had gotten in earlier you would've seen plenty of warnings about Bitcoin come true.

Anyway, you have one month, at best. Once-in-a-lifetime opportunity. We'll be nearing 20k EOY.
Follow the halving chart.

Good luck.

>>22241104
you need to learn how to zoom out.
same shit happens over and over again.

>>22241074
Newfag here, if BTC makes a bullrun after this, doesn't that mean that alts will still continue to bleed? BTC going up = alts going down, BTC going down = alts going down, the only good thing for alts is BTC crabbing isnt it?
So with money in alts we're fucked regardless

>>22241388
Chart won't matter when all of the miners capitulate, it's going to 0.
The incoming stock market crash is going to tear down Bitcoin's price too quickly.
The March crash was pre-halvening and the coming crash is most likely going to be larger.

>>22241591
we got it, you sold early

DO NOT listen to this fool
>Mt gox japanese trustee will sell 153k BTC in October, fools

>>22241388
Do you understand why the s2f line is lagging behind the halving?

>>22241474

You really are a newfag. Alts will pump hard in 2021 once BTC breaks its old ATH. Capital will flow into the alts like water rushing from a burst dam. If you have solid picks and believe in them, just hold. In a bull market, (almost) everything goes up.

If you're only looking for guaranteed gains, you need to be in BTC, ETH, and XMR.

Mt gox last delay has been set to october. There will not be another delay. They will crash the market. 153.000 BTC and 150.000 BCH will be sold on the open market

>>22241441
just saying this crash is far from over

>>22241074
I trust in you sir.
BTC 20k EOY

>>22241668
sir may I send you 5 poos?

just in time to crash for christmas

>>22241643
cope, there will not be a bull market anytime soon. Stricter crypto regulations are coming to many countries very soon, and Russia will likely ban crypto all together. Other countries will follaw after Russia. Bitcoin will 100% go back down to 3k. Trust me, I´m an OG that stays updated in the regulation place. Almost every country on earth will have tighter crypto laws.

>>22241621
>he hasn't sold yet

>>22241653
lol, you better short it then if you're so sure.

>>22241643
Ok thanks, my friend who has been in crypto for a long time told me that if BTC goes up, alts go down. But I wasnt sure if that would apply to a special type of situation as this. I have never experienced a crash like this so I wasnt sure.

>>22241591
>when all of the miners capitulate
https://cointelegraph.com/news/kazakhstan-on-track-for-700m-crypto-mining-investment-goal-says-minister
>ZEROOOOO

>>22241074
>This month is your last chance to sell at 10k. These levels will never be seen again.

Fixed it for you

>>22241699
who said I'm in
he sold at 4k and is desperate for the price to drop

>>22241700
I did, and I´m still in my short fool.
>Tether will collapse
>Mt gox will sell off huge amounts
>Stricter worldwide crypto laws, which means many exchanges will shut down, many will be in deep trouble. Exchanges exit scamming will lead to huge sell offs.

There will be another bull run in crypto, but at least not for 2 years.

>>22241698
>Stricter crypto regulations are coming to many countries very soon
Looks to me they're looking for new ways to invest.

>>22241698
>Trust me, I´m an OG

>>22241632

PlanB addressed this on his Twitter; you'd have to search for it. That chart is based on his personal calculations. I only use it as one of many frames-of-reference. What we know is that there's going to be a bull market next year. We don't know how long it will last or how high it will go -- can only guess.

The important thing to remember is that we're following, like clockwork, 4-year cycles based around the halvings. Follow the cycle and you'll make it. Disregard the cycle and you'll be tossed off the rocket at the worst times.

>>22241757
What will happen in the next 6 months nobody knows let alone 2 years.
I doubt they go after exchanges.
Mt. Gox doesn't matter microstrategy bought 21k bitcoin last week.
This isn't 2011 anymore

>>22241733
>kazakhstan

>>22241733
They will not go through with it, or they will pull out soon enough. If they dont, they´re truly idiots. Once the greater forces like the federal reserve, BIS and IMF start to jeopardize bitcoin, as they soon will. Kazakhstan will have no other choice than to sell their mining eqiupment

>>22241810
They will put in tougher laws that will make it much more difficult for exchanges to operate. Trust me, I know people in that sector. New Money laundering laws, etc, will shut down a lot of the exchanges. Maybe not the biggest ones, but even the big ones will find it much harder to operate.

>>22241781
It is a very interesting model.
Maybe the cantillon effect of the money flowing through the economy causes the delay.
So when the halving happens it doesn't really impact the bottom line until months later.

>>22241712

This isn't a crash. This is a slight correction. When the bullrun begins in earnest, you'll see regular dips of 20-40%. Volatility will be insane. Many, many people will be thrown off the rocket too early because they aren't accustomed to the whiplash.

Just hold.

>>22241765
it´s just because of demand from braindead boomer morons that don´t understand bitcoin. Fidelity and grayscale is just the middle man that will hold their keys, which means those bitcoin will be out of circulation, which will decrease liquididty and demand for on chain transactions. Wich is very bearish for the network overall. Bitcoin is fundamentally flawed, and when enough people realized this, as will eventually happen, it will collapse like nothing ever seen before.

>>22241781
bullshit, dont listen to this moron. We don´t know what will happend next year, but most indications point to a bear market.

>>22241867
Central banks are not credible anymore and are losing power everyday.
If they pick a fight with bitcoin instead of fixing their own shit show they'll fall quicker.

>>22241933

It's almost over for you.

>>22241074
literally going to 1k. cope

>>22241933
No they don’t. Stop talking out of your ass.

>>22241733
>Kazakhstan will buy $700 million worth of mining equipment when mining isn't profitable

>>22241813
Kazakistan has the cheapest electricity in the world you dumbfuck
china is going below 51%, look at stats month by month

>>22241910
>>22241936
low iq comments. They can easily destroy bitcoin, it can be proven. They havent done so yet, because bitcoin is so shit, it will destroy it self. Bitcoin is temporary, because it has no chance at being around for hundreds of years, not even a few decades. 10 years, bitcoin will probably be close to dead. Half the supply will be lost or locked up by 20 years time probably.

>>22241757
>>22241829
>>22241867
>>22241917
>>22241933
>>22241990
>all FUD posted by same ID

yet another LARPer on biz

>>22241104
It's all over. My 6 gorillion stonks all failed. Dumb.

>>22241975
If Russia bans crypto, which the finance minister have just proposed. More countries will follow and it will lead to a long bear market for crypto. Even if Russia dont ban crypto, stricter regulations and laws are coming to most countries around the world, which will make crypto less attractive to buy. And the long incoming global economic depression will make people sell speculative assets. It´s gonna be a big sell pressure, and the overvallued crypto market will correct itself to more reasonable levelse. The entire market is extremely overvalued from any traditional point of view. It´s like the .com bubble

>t. High IQ Economics expert and computer scientist enthuasist

>>22241990
>They can easily destroy bitcoin
>it can be proven
>They havent done so yet, because bitcoin is so shit, it will destroy it self
>Bitcoin is temporary
HOLY MOTHER OF COPE
did satoshi raped your kids or what?
C O P E, BTC cannot be stopped

>>22241990
In 10 years we will see how it develops, but remember 10 years ago what bitcoin was.
If bitcoin stagnates for 10 years it'll be difficult for it to last, but I'm seeing exponential development and growth.

>>22242069
Have you read any Austrian economics?
What about game theory if a country isolates itself?

>>22241990

>>22242107
I´m not even gonna bother debating you. But yes, it doesnt cost that much to destroy btc. A few million a day would be enough. Theres many ways to destroy bitcoin though. Put laws against it that will lead to sell pressure, and crack down on miners. Hash rate will drop, people will see no future money to be made, and everybody will abandon the sinking ship. Price and hash rate will crash, network will get 51% attacked, and it will NEVER recover.

>>22242069
>he thinks prohibition takes away value
HAHAHAHAHAHA THAT WOULD BE THE BIGGEST ENDORSEMENT OF CRYPTOCURRENCIES EVER IDIOT. imagine the government, with near-infinite resources, getting so butthurt that they can't censor internet money they TRY AND OUTLAW IT BAHAHAHA.
short term bear, sure. long-term all fiat collapses and btc/xmr will laugh at the ashes.
you would've been a faggot who turned in his gold during executive order 6102

>>22242069

Your post describes the exact opposite of what will occur. Game theory demands that as long as competing geopolitical interests exist, one sphere of power will be incentivized to accumulate Bitcoin if the other spheres neglect it -- and if one sphere is accumulating Bitcoin, the other powers must follow or fall hopelessly behind. It would please me greatly if China and Russia attempted to ban crypto. The US would be incentivized to keep it legal, and the eastern powers would hobble themselves, perhaps irrevocably.

Eventually, central banks will be forced to buy Bitcoin. This is the endgame, and no one knows when it will come. We only know that it will.

>>22242135
I have read a lot on both subjects. But I don´t see how either change the situation. Bitcoin is fundamentally flawed no matter how one twists it

>>22241990
t. gold fag

>>22242069
>The entire market is extremely overvalued
BTC marketcap is just 190 billion you goddamn retarded russian pidaras

>>22242156
>ban major miners
>only normalfags with pc's can mine it
>price skyrockets to 1 million

>>22242184
None of that matters since bitcoin is fundamentally flawed. It doesnt have good enough code foundations, nor a good enough economic system. Governments will back the better crypto projects that have better tech. Bitcoin has so many flaws, it can never be fixed. Smart powers will find the next promising thing, and use that instead. If cina and russia bans crypto, US will be stuck with bitcoin, that has much lower liquidity than before, and that will be very bad for the bitcoin blockchain. Liquidity is what keeps the bitcoin network over water.

>>22242262

Every sentence you typed is based on a flawed preconception.

Short it. See what happens. Sometimes we have to learn the hard way.

>>22242227
You could argue that bitcoin is fairly valued, but nearly every other coin is ovevalued. Once bitcoin loses it´s last strenght, (decentralization) it will fail. You faggot niggers really believe bitcoin will be the most secure blocjchain for the next hundred years. We are not gonna ignore the better tech forever. LOL. Satoshis wasn´t even that smart, but you low iq idiots think he is some type of god figure.

>>22242262
>It doesnt have good enough code foundations
it's just the most audited, reviewed and fuzzed code in the world
please stop, you are a fucking clown

>>22242227
>is just 190 billion
For 5 TPS and high fees under even just basic use.
Visa on average handles 1700 TPS and its market capitalization is $280 billion.
Everyone just buys gold if they need a store of value and they will continue to do so.

>>22242312
in 20 years, half the bitcoin supply will be lost forever....In the end there will be no bitcoins left in circulation. Therefore bitcoin is temporary. I´m not even gonna mention all the other problems it has.

>>22242342

That doesn´t mean much. It´s only because it´s a popular open source project.


“As security researcher Dan Kaminsky explains, Bitcoin looks like a security nightmare on paper. A C++ code base with a custom binary protocol powers nodes connected to the Internet while holding e-cash, sounds like a recipe for disaster. C++ programs are often riddled with memory corruption bugs. When they are connecting to the Internet, this creates vulnerabilities exploitable by remote attackers. E-cash gives an immediate payoff to any attacker clever enough to discover and exploit such a vulnerability. Fortunately, Bitcoin’s implementation has proven very resilient to attacks thus far, with some exceptions. In August 2010, a bug where the sum of two outputs overflowed to a negative number allowed attackers to create two outputs of 92233720368.54 coins from an input of 0.50 coins. More recently, massive vulnerabilities such as the heartbleed bug have been discovered in the OpenSSL libraries. These vulnerabilities have one thing in common, they happened because languages like C and C++ do not perform any checks on the operations they perform. For the sake of efficiency, they may access random parts of the memory, add integers larger than natively supported, etc. While these vulnerabilities have spared Bitcoin, they do no not bode well for the security of the system.”

>>22242344
VISA is not a fucking decentralized global saving account

I bet you phaggots will just ignore what the foremost experts in the world say^^Like you know better on them. There have been written several academic research papers on why bitcoin will not work. The bitcoin community have tried to hide and downplat these papers.

>>22242194
>I don´t see how either change the situation
Bitcoin fixes the cantillon effect which has caused wealth inequality in our economy.
When more people realize this it'll gain traction.
Bitcoin protects a free market. The tools just need to be more user friendly.

I'll be honest it's a fucking nightmare operating on the lightning network.
I don't know how far these federated sidechains will go with regulators around the world.

It's all probably going to burn, but bitcoin is our best shot.

>>22242387
it´s not a manipulated mess either. Bitcoin is controlled and manipualted very easily by the big whales. They make billions, while the average investor loses money. Thats the rule of the game. Bitcoin biggest usecase is gambling, by fucking far. It is not suited for mass adoption, therefore it will always be a manipulated mess.

if you buy gold, it will remain gold in 200-300 years, bitcoin by that time will be gone for a long time

>>22242262
nevermind you're a retard
go use your government token with "promising tech"

>>22242365
please, stop this non-sense
I'm a security researcher, I have CVE in every major kernel out there, exploited several browsers as well, please, just stop being ridiculous
critical bugs occurs in every single software out there, but some of them are getting really extensive code review, security code review, cryptographic auditing, fuzzing and so on
nothing matches BTC, trust me, a lot of people tried, 190 billion is a nice piece of cake for hackers

>>22242402
Genuinely interested. Can you point me to any of the papers you mentioned? Thanks.

>>22242346
Bitcoin has horrible money velocity right now, and still manages to cover 10% of the block reward. In 4 years if it maintains it'll be 20%.
But wait schnorr will be implemented ~15%, but we will have 2x user adoption ~30%
We don't know what will happen but it's working right now.

>>22242417

No, it doesnt fix wealth inequality at all. The rich gets richer with bitcoin and crypto. Only the few that got in at the start can change the situation, but the average bitcoin investor will always lose money, thats the rule of the game, because the whales and the pros has to make money. Bitcoin will likely never be user friendy. This is rather naive to think. Native smart contracts could help tge UX side, but bitcoin dont have native smart contracts, so it will never be as user friendly as other options have to possibility to be. It will never be as fast, cheap and user friendly as others. And that will lead to that it will never be as secure as the others, in the end. Thats the endgame. Crypto will survive, but bitcoin won´t

>>22242318
You sound retarded. Maybe stop reading bitcoin cash propaganda.

>>22242435
there is still limits in C++, which means it can never be as good as other languages can potentially be in the future. Yes, bugs occur in every program, but it still doesnt bode too well for bitcoin.

>>22242344
If you think TPS matters then buy Nano lol (spoiler it doesn’t)

>>22242519
you're talking about trading and hodling.
Using it as a financial system works in shit holes like Venezuela and Argentina, and that's exactly where the global economy is going with unfair money injections.
>Native smart contracts could help tge UX side
Not on the mainchain that's retarded. There are a couple ideas on RSK and lightning that add smart contacts it's just taking time because they are doing it in a sustainable away.

>>22242439

>On the Instability of Bitcoin Without the Block Reward
https://www.cs.princeton.edu/~arvindn/publications/mining_CCS.pdf
The most in-depth paper written on bitcoin EVER
Princeton university

>Beyond the doomsday
economics of “proof-of work” in cryptocurrencies
Monetary and Economic Department
https://www.bis.org/publ/work765.pdf

>>22242346
>in 20 years, half the bitcoin supply will be lost forever....

So it will become even scarcer and more valuable?

Congrats, you just played yourself.

In 20 years, Bitcoin will be 16 times as scarce as gold, based on the stock-to-flow ratio. Gold currently has a nearly 10 trillion marketcap.

Tick-tock.

How do bitcoin supporters feel about, that the entire bitcoin supply will eventually be lost or locked up? The liqudiity will fall dramatically. Don´t feed me that bullshit, that you´re bitcoin becomes more valueable when others get lost. That would only be true if it had intrinsic value.

>>22241733
>kazakhstan
very nice!

>>22241698
Tighter crypto laws will only increase the price and strengthen the inevitability Of BTC’s dominance not just in crypto but in money period. We aren’t looking at the price for a Future cash out we are Simply waiting for the rest of the world to cash into BTC. Brothers our meme power would be better spent on this if we could only channel our autism into pushing global hyper Inflation of all currencies

>>22242625
Bitcoin isn't a debt based economy that requires tons of liquidity.

>>22242426

>They make billions, while the average investor loses money. Thats the rule of the game.

That's the rule of all speculation, my dear economic illiterate. It is indeed zero-sum when I dump my bags on FOMOing boomers.

Luckily for you, all you have to do to profit is buy, hold, and not panic. This has been, and always will be, more than the average person can handle.

>>22242387
No one cares, rich people just shove gold into a vault or in the ground if they need secure money.
If assets need to be transferred across borders it's really not that hard if they're wealthy enough, and it's not stored on a public ledger like Bitcoin. Even drug markets are dropping usage of Bitcoin in favour of Monero.
Bitcoin is too volatile to work as a store of value anyway. Gold has a way, way higher marketcap than Bitcoin for a reason.
Bitcoin could have worked really well as a payment network if it wasn't a sluggish piece of shit with high fees.
>>22242576
It doesn't matter because most people are never going to use decentralized cryptocurrencies as money because Bitcoin already fucked up and lost all of its momentum.
Bitcoin's marketcap would probably be in the trillions right now if it had worked properly.
The only future left for crypto is in smart contracts.

>>22242610
in then end, all bitcoins will be lost or locked. The bullshit that it will become more scarce and more valueable is a low IQ take on the situation. It´s not good for the system at all, if you view it in a big picture. You need liquidity flowing in any economic system to make it stable, retard. You can´t have a max cap + coins being lost forever. A system would preferably have a stable predictable non dilutive iflation, that can be changed under unique circumstances.

I know u small brain people have a hard time grasping this, but try.

>>22242589
this is just well written fud, there's nothing you can do to stop a single bitcoin being worth $10M

the lightning network will facilitate small payments, and large payments (billion dollar payments) will be done via banks on chain as settlement.

>>22241074
<8k is the buy in time

>>22242678
yes, it requires lots of liqudity because gambling/speculation is the biggest use case by far. And it will remain the biggest use case until the day it dies. Liquidity is what keeps bitcoin alive and attractive. Not many would speculate on bitcoin if the voulme is super low.

>>22242625

There is no such thing as intrinsic value. All value is relative and subjective. Humans determine value, not an objective arbiter.

>>22242565
>there is still limits in C++
the only limit is in your IQ, if you know what you are doing and you use sanitizers, perform security code review, prepare custom fuzzing test cases, nothing bad happens, it's only a matter of skills and efforts, and BTC got that
>RSK
rsk is a scam, but RGB is putting the foundation to the best smart contract platform ever invented, much safer and formally audited than EVM/solidity
>>22242589
economics is not an exact science, otherwise austrianfags and mmtfags would not fight on daily basis

>>22242705
high IQ comment. Thank you sir. Theres still a few smart people on Biz. Bitcoin supporters need to be studied and observed by a research team. A lot of denial and other phycology going on

>>22242748
My point is the current economy is stacked with long term loans and it needs to inject trillions to maintain its course.
This is incredibly unfair to anyone trying to compete in the market.

When the system is skewed that badly bitcoin is a more reasonable alternative.
People aren't taking bitcoin to the grave, and the jew isn't forcing them to invest it either.
It's an equalizer that can;t be corrupted.

>>22242712

Bitcoin is divisible to eight decimals. There will be plenty of liquidity. The decrease in supply increases the value of the Bitcoin remaining.

Non-issue. Furthermore storage procedures will continue to sophisticate, resulting in fewer Bitcoin lost as the years progress.

>>22242729

You missed it. Adapt or get left behind.

>>22241074
There was literally a post 2 days ago saying to buy now because Bitcoin would never go under 10.3k again

>>22242765
You can argue that there is. There is no correct answer to the question. Bitcoin is a currency with no underlying asset.
When block rewards are phased out, miner revenue will drop and so will the hash rate. No transactions will be on the main chain anymore. They will all be pushed to side chains, and this will in the long run kill the network. Undercutting and selfish mining will become a constant threat.

>>22242852
Damn nigga so you tellin me bitcoin inherently be encouraging niggas to be Savin they money rather than spend it which would In turn over da long period of time n shit increase productivity and wealth sheeiiiiiiiiiiiit

>>22242847
I agree, except that bitcoin is fundamentally flawed, so we have to choose another crypto that has more potential to change the world. Better tech and better economics need to be on the base layer of this new crypto. The sooner bitcoin dies, the better it will be for humanity. We can start focusing our energy on something more substainable.

>>22242953
By the time block rewards are phased out I'll have my hot water heater mining chip in all the IoT households automatically offsetting their electric bill.

>>22242999
2017 s2x vs UASF is the most defining moment in crypto history that makes bitcoin king.
The community rejected a corporate take over.

>>22242838
>Bitcoin supporters need to be studied and observed by a research team.
the point is that:
-we don't need your approval, if you don't like it or you don't use it, we couldn't care less
-if they try to block it, we can move anywhere in the world, or even fund BTC cities (already happening), and don't forget that is not confiscable (opsie opsie I lost the keys, try to get them from my brain, it's 32 bytes...you can memorize them)
-BTC is our best shoot to expose the absolutely disgusting central banking system, to stop cantillon effect from raping you
-people are working constantly to make BTC more resilient and decentralized on layer 1, more accessible on layer 2, on RGB protocol (smart contract) and so on

>>22241627
source?

>>22243016
The likelyness of a big solar flare hitting earth before then and setting back progress, is rather high. If not, another black swan event is very likely to happen. We are gonna see a world war before we see any big technical advances in our society. It´s murphys law

>>22243054
there was nothing wrong with s2x btw. remember when adam back was advocating raising block size every year?

>>22243095
It would have set a precedent that closed door agreements can influence bitcoin's protocol.
The only person against raising blocksize is luke jr it's just the way it's done is extremely important

>>22241074
The ladder dumps are just people being impatient and greedy. Thie game hasn't even started.

>>22243054
no one gives a shit. Blockstream is owned by the bildergroup and they wield too much power anyways. It doesnt matter much anyways though, because bitcoin is fundamentally flawed.


>>22242852
This just proves how bad of a system it is. And no matter how many times you can devide it, 90% of the supply will still be lost at some point. And dealing with that many decimals is a pain in the ass, and most financial computer system don´t support that many decimals. It´s not practical, or optimal, so we need to find another crypto solutions.

>>22243090
>solar flare
peak delusion
>>22242999
>We can start focusing our energy on something more sustainable
so stop ranting on a mongolian neet board and start working on it

>>22243090
Haha alright man whatever you say.

>>22243095
>here was nothing wrong with s2x
except for the critical bugs

>>22243058
no, a better crypto would be our best shot at exposing the shady finance system. Bitcoin aint it chief. Gambling will always be the biggest bitcoin usecase, and it´s probably gonna get more centralized over time, which is the default for any system.

>>22243061
https://financefeeds.com/mtgox-trustee-obtains-extension-rehabilitation-plan-submission-deadline/

extended to october 15

smelling a massive dump now

>>22243198
>no, a better crypto would
stopped reading here
every single modern crypto is created by:
-a dev team with huge bags dumping on you, long term bleeding
-or, a VC scam, long term bleeding
-or it's directly a scam (look at latest defi rug pulls), instableeding
BTC was the first and the latest project not made entirely for personal profit and it's the one with the best distribution so far. By looking at UTXO, it still takes only 70-100k USD to be in the top 1% holders. Imagine missing out in 2020 after 12 years.

look, everyone posting on this board. They are all using bitcoin to gamble on. They are not using bitcoin as a medium of exchange. They are using bitcoin to get more dollars. When the majority of the user base is only here for speculation(gambling), the whole thing will crumble rather quickly when exposed to strong outside forces like stricter laws and regulations. These spceulators will run for the hills, and thus the majoity of the user base.

>>22243315
and string hands will get all the corn. happened before will happen again.

>>22243315
Thanks for breaking it down, Jared.

>>22243301
Eth and tezos are the two best options. Both decentalized, and better than bitcoin. Satoshi holds an extremely large amount of the supply, and he can destoy bitcoin if he wants. Imagine putting the trust of your entire money system into 1 single person. Who knows, maybe satoshi will dump one day, maybe he takes some acid and becomes a lunatic. Either way, its not good when 1 person own that much

>>22243315
>look, everyone posting on this board
Using 4channel biz as an indicator won't get you anywhere.

>>22243315
>They are all using bitcoin to gamble on
wrong, I'm using it as a not-confiscable saving account
>They are using bitcoin to get more dollars
wrong, I'm selling all FIAT for BTC
>the majority of the user base is only here for speculation(gambling)
correct, but not with BTC, all pajeets spamming this board want BTC to die, cause they want all the 190B to move into absolute shitcoins and chase quick 100X
>the whole thing will crumble rather quickly when exposed to strong outside forces like stricter laws and regulations
the are multiple US funds using BTC, you can even use it for 401K, it's over, it's legal

>>22243387
>Satoshi holds an extremely large amount of the supply, and he can destoy bitcoin if he wants
we don't know who he is, or even if he is alive
he mined it, he earned it, that's all
Vitalik has a huge premine, in absolutely no way this is more fair or even comparable
>tezos
VC scam

>>22242565
>there is still limits in C++, which means it can never be as good as other languages can potentially be in the future
You have gone full retard dude, you have zero clue what you are talking about
> there are still limits in assembly
What limits are those, buddy? Tell me what you can do in python that you can not do in C++? Computer programs do one thing, flip the state of bits. No language has fewer limits when it comes to flipping bits than C/C++/Asm.
It’s exactly this lack of limits that allow C++ programmers to shoot themselves in the foot harder than anyone. But perhaps you meant the opposite? Newer languages with more restrictions preventing bugs should be used? Sure, but it’s not needed, you’ll just produce a slower implementation with the same lack of bugs, because the bugs have already been knocked out from the btc codebase.
> t-that’s just because it’s open source
Yes.

>>22243387
>Eth and tezos are the two best options. Both decentalized

>>22243407
still crosses the gambling threshold from my definition. You´re speculating on whale behavior and other factors beyond your control.
Many people are blinded by the bags they´re holding. They havent been a bear, and therefore they cannot be very objective at all

C U @ 6K

>>22243498
>You´re speculating on whale behavior and other factors beyond your control.
BECAUSE IT'S FUCKING DECENTRALIZED, SO IT BEHAVES LIKE THEIR USERS WANT
YOU CAN LITERALLY DO WHATEVER THE FUCK YOU WANT WITH IT
IT'S GAME THEORY, AND BTC HOLDERS GAME IS TO PRICE OUT EVERY SINGLE FAGGOT LIKE YOU, YOU REALLY CANNOT UNDERSTAND IT?

>>22243482
ok, "limits" was a poor choice of words. Point being is that languages that are more flexible can potentially become better to use in the future then what c+ does now. Being able to fomally verify for instance = lesser chance of bugs, no? Even a small small difference

>>22243578
rust is better (minimal overhead) but it takes 5X the time to write and has very few libs, most of them are just bridges from c/c++ libs
so, just use sanitizers and learn how to code

>>22243572
so, they are greedy chumps that are trying to maipualte a fundamentally flawed coin up in price, no matter how bad it gets. Supporting bitcoin is unethical because bitcoin is anti innovation. Supporting bitcoin is setting human progress back by years. Stop being a greedy asshole, and stop supporting a system that leads to greater suffering of the human race. Bitcoin is anit innovation, and anti earth. Anti human and anti earth. Thats the big picture, now agree before I defeat you further

>>22242365
La fucking Emporer Mao at that quote
Any system more complicated than a light switch will have flaws
>Muh C++
*any*

The geopolitcal climate is gonna change so drastically over the next few years, and the sudden change will throw everyone out the loop. It will likely not be a good climate for bitcoin to do good. It has been a long time, and bitcoin has done some great things, but it has stagnated. It has no tricks left up it´s sleeve. There is nothing left on the horizon that will shoot bitcoin to the skies. It has played it´s cards, and here we are

>>22243644
The extropians tried to innovate, but were stagnated because of the unfair distribution of money.
So they turned into the cypherpunks and that's where bitcoin was released.

>>22243644
so, if I understood correctly, you are basically a russian soi sjw pidaras ranting on a south east asian basket weaving business and finance board?
YOU CAN'T MAKE THIS SHIT UP

>>22243710
read the last sentence. It does not bode well for the security of the system. Yes, it´s pretty great, but could be better. I choose to listen to the experts, over some random chump on biz

>>22241074
Last chance to buy above 10k, better hurry.

the gayness of bitcoin is really underrated. anyone who likes it has to be a complete and total homo

Who cares about Russia. They have no regulative power. If EU or USA want to ban Crypto, this might have effects. But Russia? Hell, no

>>22241653
Good I will just keep some cash on the side for this eventuality

>>22243578
Flexible is also the wrong word, C++ is the flexible language and powerful static analysis (automated bug checking) always comes from reducing flexibility.
Yes, a constrained language with bug finding tools will often have fewer bugs, the trade off lies (almost always) in performance. The alternative, if you need the performance, is to be very careful and have lots of review, like btc does. The only way to write a world crypto is to use C++ and attract enough big brains to weed out the bugs. Again, btc has the advantage, no other crypto stands to get the best minds and coders on the planet spending 10 years on making it robust. And the way you are talking, you come off as thinking you know better than the best technical experts on the planet, which are not able to find fault with the technical side of the bitcoin project.

>>22242565
wtf did i just read?

>>22242262
>It doesnt have good enough code foundations
I just want to punch you straight in the nose

>>22244012
i don't think it matters what you write a crypto node in performance wise. the difference between perl and c++ would be negligible. miners are different of course.

>>22241591
Please elaborate why how and why a stock market crash will impact the crypto market?

Hint: keep in mind who's invested in each instrument

>>22242402
Yes i trust this

>>22244519
You were supposed to learn in March that they are correlated.

>>22243315
>what is precious metals
>what are derivatives
>what are index funds
>what are stocks in r&d / ip based firms

The list goes on, and you are one desperate dunning kreuger. Bitcoin might not succeed but crypto as a means of exchange will.

>>22241733

>>22244828
Comparing a temporary and sudden dip to a recession/depression scenario is hardly appropriate. Sudden movements will reflect in all areas of the economy yes, but what happens in a longer recession is anyones guess at this point.

>>22243644
you know commies are not allowed in this board, right?

>>22241074
One giant cope thread

>>22241074
RETARD
Buying BTC is like buying is like saying the 80s music will become popular again.
IT IS OVER.

>>22244881
https://www.globalpetrolprices.com/electricity_prices/
miners are moving there, cheap electricity and friendly regulations
US and Russia are also increasing their hashrate
China dropped from 75% in Q4 19 to 65% in Q1 20, I don't have any updated data, but it's going below 51% very soon with this pace

>>22241104
Lol, ffs so much newfaggotry in one post is rare

>>22245170
BTC is a fiat money alternative
BTC is from 2008, fiat exists since 7th century

Just bought 100k

>>22241990
If anything is low iq than your arguments.
Zoom out boy, take a look at the macros and realize that this is cape canaveral and the last months to accumulate at these levels.

>>22242262
Lol you clown. Place your shorts, please.

>>22245752
HAHAHAAH BC IS FIAT MONEY ALTERNATIVE HAAHAHAHAHAHAHA

RETARD IM NOT BUYIN MILK WITH SHITTY INTERNET COINS YOU RETARD CASH WILL BE KING FOREVER.

>>22242365
Everyone in here knows this is bitcoin cash propaghanda.

>>22246143
this, so many faggots ranting a lot, without putting money where their mouth is
>>22246250
even delusional bcashies are smarter than this faggot
in fact, they use BTC Core codebase for a reason

>>22242565
Lol, what a cope. The simple fact it's still there and works proves you're wrong. The btc code is probably the most tried to be hacked code on earth, literally any method was tried on it. Your claims are ridiculous.

>>22242712
This is utter bullshit. You're advocating for fiat controlled by federal banks basically. Scarcity is the strongest economical factor for rising prices. Don't make it to difficult for yourself, your brain is stressed enough already apparently.

>>22243198
That is pretty flawed argumentagion there. I wouldn't know a more independent and well distributed crypto out there. Apart from that, it would be a final blow to the crypto space in general when corn is second to another coin in market cap. People would simply not trust to put their money in it as they can't be sure it's not replaced in 10 years by some other token and their savings went to shit. The big funding comes when trust is there. Btc becoming second is the end for all and unironically the target of central banks. Divide and conquer.

>>22246579
He is a commie, what can you expect from someone that “wants to save the world” by redistributing legally obtained / hard work earned assets to marxists and niggers looting shops and destroying private properties?