/biz/ - Business & Finance

Watch this https://youtu.be/BtjziNDqC4E

You guys really think BTC will hit $100,000 by next year? BTC is half my portfolio, but I'm not delusional...

>>22398705
that parabola looks like it’s leveling off around 10k

>>22398771
log scale dummy

>>22398768
100-200k, plan accordingly and retire in 2 years

>>22398705

Boomer future markets goal is to keep assets stable, means flat. If you want to make it stay away from assets that have boomer future markets, like buttcorn since cme entered the game

>>22398705
>newfags ask questions
I've seen this meme chart floated around here for a while. What are your price predictions for BTC for the next 5 years

>>22398705
biggest hopium chart in all of the crypto universe. this is our only way out guys

>>22398768
>you guys really think BTC will hit $1?
>you guys really think BTC will hit $10?
>you guys really think BTC will hit $100?
>you guys really think BTC will hit $1000?
>you guys really think BTC will hit $10,000?
>you guys really think BTC will hit $20,000?
*you are here*
>you guys really think BTC will hit $100,000?
*hope we are still here*

>>22398799
>>22398902
Then why waste time with AltCoins?

>>22398930
To get more BTC? Everyone here buying alts is doing it to get more satoshis,

>>22398836
8000$
3000$
300$

Then why are people still selling BTC if we all know we are going to positive infinity?

thank you op i sold everything
stock to flow is the biggest meme

All of crypto is just an elaborate pyramid scheme. Prove me wrong.

>>22398952
>>22398998
Exactly this?
$100,000 per BTC is absurd

>>22398850
there is more hopium elsewhere
ask the safex community
you might have to dig around

>>22398930
alts are higher risk and possibly higher reward
once the king starts pumping you will see shitcoins gain 1000% in a matter of weeks and lose 99,9% just as fast

gamble with some money and focus on stacking SATs

>>22398998
I havent sold anythig in over 3 years, but my bet is that they dont know

>>22399028
Pyramid schemes don't use 10 nuclear power plants worth of electricity.

>>22399038
100 000$ per btc is guaranteed
nothing can replace bitcoin and it is DESIGNED to PUMP

>>22398998
It's not. OP's image clearly shows diminishing returns.

>>22399028
All fiat currencies are a pyramid scheme. Prove me wrong.

Bitcoin is a call option on the future

best thing you can do is watch benjamin cowen's channel, into the cryptoverse, on youtube. this guy is the single best source of information, and the best trading strategy.

>>22398998
to make more short term gains to turn into more btc

>>22398705
will BTC follow stocks if they go down?

>>22398902
BTC is $20000. You are here.
>checks graphs, $10k.
LMAO

>>22399154
buy the dip

>>22399069
So I have about .25BTC of worth right about now. I am currently all inning shitcoins to get more sats. Would you say that my strategy is too risky or would you do the same as I am? I do not believe that I can retire this cycle but I know that I will buy the bottoms of the next bear. Also, do you think that we will hold the 20MA? It seems that we are still not bullish enough to bounce off of it and I am not certain if we will break down given that the elections are coming.

>>22398831
that is one of the most retarded things I've ever heard

>>22399121
short term maybe long term no not at all

>>22399105
Hey ben

>>22399104
>all fiat currencies are a pyramid scheme. Prove me wrong.
Why would I when you’re right? But so is crypto and until there is real adoption and usage as a currency or as a store of value, it’s just a speculative bubble which depends on the next set of fools who are in for a quick buck and it has still has zero inherent value especially when compared to traditional money like gold, silver and commodities which have been used since time immemorial.

>>22398705
bitcoin is fucking retarded, they're many altcoins are 1000x better

>>22399222
>Alt in ID
>pajeet shit brown color
>trips
hahaa wtf it was just a shitpost but still, praise KEK

>>22398768
Next year? No. Maybe around 2024.

>>22399245
>i totally meant to use they're ironically

>>22399121
yeah temporarily as we have seen in March (due to panic)
the weaker the dollar gets (due to $ printer going BRRRRR) the stronger bitcoin will pump

>>22399169
Depends on the shitcoins, some are legit and im looking forward to their further adoption (eg LINK). Study the fundamentals and dont get fooled by shills/fudders

I dont know about 20MA cuz I dont day trade, I only stack more with every paycheck I get

Can someone help? I got some unibright via uniswap but it's not showing in metamask (ye I added the token in metamask but it says I have 0 ubt).

Did I just throw my money away?

>>22399259
>sir BTC will hit 100k right around the same time that we have the 4th halvening sir
Nice try but we are going to 100k in 2020.

>>22399282
yes I did, how could you tell?

>>22399306
be gone pajeet

>>22399208
Bitcoin is more akin to the the invention of electricity or the internet than any traditional asset. I suggest reading the white paper and taking to time to understand what you're reading.

>>22399291
I obviously meant actual alts not poo in the loo rug pulls. Tfw you sold LINK at 40c and 2$. Also, the 20MA was the support for the entirety of the BTC bull markets. We are currently at that very line. I am afraid that it may not hold if the stock markets do not hold up. I hope that based Powell keeps the printer going for a month again.

>>22399420
well it hasnt held in March so it could temporarily drop again
the essence is that you shouldnt care
DCA in and make a commitment not to sell before a year passes

>>22399295
anyone? The transaction was successful and it's on etherscan. How the hell do I get that ubt I got to go in my metamask?

>>22399352
Admitedly I’ve never read the whitepaper but I’ve watched and read hours of media on Bitcoin and crypto and I just don’t see how something that you can just copy & paste can work as money for the world. Look at Ethereum and how it has stolen M. Cap from BTC, what’s to stop a similar crypto to do that again? Nothing and it happens everyday, there are dozens of shitcoins with huge market caps. It doesen’t matter if there are only 21 million BTC when a dude can just make his own crypto and offer better returns as a speculative investment than BTC. How can crypto currency catch on when people only use it to speculate to accumulate more fiat it doesen’t make sense. Also, crypto markets are valued against the USD and other fiat currencies, if these fiat currencies collapse what inherent value does say BTC have that you could purchase commodities with? I think we could see digital currency in the form of centralized government-backed currencies but that’s about it.

>>22399528
the whole point is that bitcoin, by definition, cannot be replaced

>>22399510
>>22399295
nvm figured it out myself. I had put the contract id in as the custom token instead of the actual token id.

Should I wait to get BTC until after the election? Expecting a dip regardless of who wins

>>22399593
But it it much more likely to become worthless than traditional currency such as Gold/silver and it can easily be copied and replaced by other cryptos; there is nothing unique or rare about BTC when it can be replicated and replaced by something superior.

>>22399664
bad idea, it might as well pump to 20k and then "dip" to 15k
DCA in
we will see crazy pumps and BRUTAL corrections starting any day now

>>22399593
Are they ever going to introduce proof of stake? Otherwise if it starts to supplant fiat, the CCP/NSA can DoS the largest miners then use their own mining farms to fuck the rest of the chain.

>>22399528
Bitcoin is decentralized and was released and developed completely free. To try to copy that would cost a company billions and countless hours of labor. Even then it would not be able to compete from a security standpoint. It’s literally impossible to replicate the Bitcoins network organic growth now in 2020. Any centralized fiat crypto junk that tries to replicate is not viable and eventually fades into obscurity. ETH and LINK have legitimate use cases in the space, but neither can compete with the hard monetary properties of Bitcoin. What makes Bitcoin valuable is the network strength and framework it sets out for a new way to basically organize society.
It sounds crazy, and that turns people off but it’s true. Crypto is the future. The trust in the banks are gone and the people have found their alternative.

>>22398952
I'm doing it to get more real money (USD).

>>22400079
USD is the ultimate shitcoin, you are getting tricked by jews

>>22398998
>>22399038
People want to do a fast 100x overnight. If everyone started investing in btc simultaneously it would actually result in a quick 100x but it would require a lot more people than a ~10 mil Mcap project , which needs a couple hundred rich newfags to drop their money in near the top.

BTC will moon once we start seeing it on TV again

In a sense, supply and demand rule. People are sheep. Invest accordingly

>>22399689
>it can easily be copied and replaced by other cryptos
IDK why you keep saying this, it's not true. There will only ever be 21M bitcoin. It cannot be copied. Just because a new project appears and suddenly has a valuation, I'm not sure why you think it's stolen mcap from bitcoin. As if all of crypto is a closed system and there is a fixed amount of USD to be spread out across all projects. Forks, as well, don't steal value from it because holders received the forked coins.

BTC especially has a different value proposition to any other crypto project. Nothing else 'competes' with it as the de facto decentralized digital store of value. Maybe as currency, maybe as decentralized computing platforms, but not as a store of value. It has brand name and first mover advantage and no tech can replicate that.

>>22399197
Lol ben would do this. But I agree he has some good content

>Next halving estimate: 2024
lol I remember all the hype about the 2020 halving and the expected pump, now has just been postponed, again.

Just wait another 4 years, dude.

>>22398705
What's the best method of finding and flipping shitcoins to stack poorfag dollars for real investment?

>>22400934
>He thinks the pump happens in the same year as the halving

>>22399689
>nothing unique or rare about BTC
Read mastering bitcoin then read the white paper of the average shitcoin and come back and say that

>>22400934
And then another 4

When people post fudm it's either sincere or it's manipulative. One of these options is far more prevalent. In case you're not familiar with fudm, it's an extension of fud that encapsulates mocking as well.

>>22401004
I was expecting a bullrun for 2021, but at this point I'm not even sure.

BTC is the final crypto red pill

>>22399046
Where is the demand for safex? I see no volume.

a real secret is that just a few cents difference when the price is small make enormous differences in gains but dont talk about it

>>22400934
It always pumps the year after the halving

>>22399222
Checked nigger

>>22401543
Safex was a scam from 2017, seems like they are back, i seen some activity here recently, maybe a whale spamming trying to pump the scam trying to sell his bags.
better to stay away from safex, is a known scam.

I'm an oldfag and I don't think defi and alts are a meme. Btc will go to 100k but some of these defi projects will sit in the top 10 and will not crash. They are future banks.

>>22399086
The chart is logarithmic retard.

>>22401700
checked based checker

you newfags that missed LINK better be doing your research into projects like kleros otherwise it will be literally impossible for you to make it as you're too retarded to buy good projects early

>>22398705
>muh halvening
BTC is absolutely going to 100k someday but I don't think halvenings have the affect on price that people think they do.

>>22398705
this chart is useless if BTC isn't used for anything, as the current thought leaders push for

bitcoin needs usage or it dies, fucking beanybabie faggots

>>22403355
No my friend bch and bsv need (spending) usage or the die.
And they’re dying.

>>22398705
Stock to flow has objectively failed and bulls have not realized it yet.

>>22403416

>look mommy i'm hodling

the end game doesn't make any sense at all

you're expecting miners to mine a chain where the subsidy continually decreases and there are minimal tx fees because no one is transacting

you're expecting developers to build on a system where no one is encouraged to part ways with their funds, no ecosystem fostered by the users

jesus christ btc economic incests are as bad as the ico and defi scams

>>22399049
>alts are higher risk and possibly higher reward
i prefer btc on leverage
higher risk higher reward lower scam potential

>>22399105
i like that he is levelheaded and all that
really antimoomboy mentality which i guess is good for all the newfags but even if he says that you shouldn’t let your emotions guide you were i agree with him
he himself is somehow prisoner to his own built cage where he thinks the way he trades is the best possible way
but all he does is looking it at past charts and try to do a mathematical conclusion for the future
he doesn’t really look at the news for the asset itself
if some weird security vulnerability would be found and bitcoin would go straight down hill and everybody is pulling out
he’d still be sitting there and be like “but my model based on the last 10years says it will go up”
If you listened to him you would have sold link at $10

>>22403503
Tx fees are quite high on btc. They want to get to $1k per tx, that will keep the miners happy. Although it is aretarded concept it could work if literally everything is done on lightning.

Bsv has the smarter solution, although no one seems to care because their chain is unpopular

>>22399028
everything is
>gold, real estate, stocks

>>22400934

Look at literally the first chart in this thread you mong, every halvening is initially a nothingburger or even a dip. Then over time the limited supply will inevitably drive the price up.

>>22403567
nothing can ever replace bitcoin as the #1, not even the smartest of smart solutions and surely not scams like bch and bsv. oldfags have seen enough to know that.
>>22398705
newfags should just DCA in and be patient, if you don’t know really well what you’re doing then short term plays won’t work well for you

>>22403503
>you're expecting miners to mine a chain where the subsidy continually decreases and there are minimal tx fees because no one is transacting
have you ever looked at btc fee rewards compared to the shitforks?

>>22398998

I made 80x my money back on alts in the last 2 months. That's several hundred BTC.

>>22403586
yeah only brainlets expected that this time it will be different

>>22403503
>you're expecting miners to mine a chain where the subsidy continually decreases and there are minimal tx fees because no one is transacting
I expect the market to be able to figure out the right price to spend on security for bitcoin. That’s how it works. If miners make less, they spend less on electricity to mine and the security goes down. If the security becomes lower than you are comfortable with for the wealth you have stored on the network, you should sell off. If you think we’re anywhere near there, you must have a lot of btc.
>you're expecting developers to build on a system where no one is encouraged to part ways with their funds, no ecosystem fostered by the users
Not much more needs to be developed, development can now mainly take place in layers above.

>>22398768
According to the S2FX model (successor to the S2F-model), it's going to hit around $300k.

Viewed in proportions to previous bullruns, this wouldn't be anything out of the ordinary.

The next phase of adoption being corporations with giant bags of cash and treasury bonds that are literally burning a hole in their pockets due to low-interest rates and high-inflation making them defacto negative yielding assets.

Day to day changes of $1k in 2017 will be day to day changes of $10k in the next 18 months.

>>22403855
get punched nazi, y'all been saying this for years

why can't 2017fags just accept that some things happen once and once only?

>>22403567
how am i going to eventually push my tx to mainnet and pay a $1k fee before my lightning node crashes?

>>22403686
yes

have you ever compared the median fee of a BTC transaction and a paypal fee for tx under $10?

>>22403826
hashpower doesn't secure the network, it signals confidence
public dissemination of block hashes protect the network because malicious actors are easily spotted

this is not a cake faggot, this is data plumbing. layer 1 needs to be as fine and granular as possible or else there's no point building a second layer that's "more efficient" because the foundation its built on doesn't scale

it sounds like you want assembly to be implemented on top of javascript

>>22399493
>>22399420

sounds like you don't understand what the 20MA is. It's basically the confirmation whether or not we're in a bull market. Drops below, we're in bear. Maintains above, we're in bull. The thing is, even if BTC DOESN'T drop, and just maintains crabbing at this level, the 20MA will actually rise and surpass it. Doesn't look like it'll be held outside of a miraculous pump

>>22398768
https://dailyhodl.com/2020/08/25/asset-giant-fidelity-analyzes-model-that-forecasts-bitcoin-rise-to-1000000/

Literally institutions are backing the S2F model, it can’t be more transparent than this,

>>22404181
thats the thing though, some things happen once and once only..... when btc goes to 100k in the next leg up, that will happen once and once only and you could be left behind if your not on the train. then you wont be able to get a nice amount of it to get on the next leg up that will only happen once, the leg up from 100k to 1.5 mill .... and then the one after that being 10 mill... it only happens once and you may get left behind if your not at least on a tiny bit and covering that possibility. if you dont cover every possibility you will always miss out.

Brainlet here. I am a poorfag who has only 40 LINK and an ounce of Bitcoin. I bought most of my LINK at $18 (stupid faggot I know) and have since bought the rest of my linklet stack as it fell. My plan is to wait semi long term for my linkies to grow in value to then use some of my linkie gains to further invest in crypto (BTC, ETH, more LINK, and then a select few shitcoins). Is this a decent plan or am I doing something horribly wrong.

>>22404452
*accumulating more link with money from my job, obviously I won't be selling my stack to buy more*

>>22404452
if it makes you feel better I had 3k in 2017 and sold it all cause I wanted to be a dumb arkie

>>22398705
is DeFi the future or will it get BTFO

>>22404452
Btc/eth/link is the only legitimate portfolio for this coming run so yes you are doing it correctly. If you are under 10k I would not recommend putting money into alts until you then.

>>22403861
N I G G E R

>>22398705
Supply is cut in half. Should pump 10x?!

We need alot more people and institutions to enter the space if that is supposed to happen.

>>22404452
Just DCA bro

>>22398726
thanks for this

Just buy $YEET instead. ICO ends in 36 hours. www.yeet.dance

>>22404864
$YEET ico sends in 36 hours?????

>>22398952
btc is a shitcoin dude. get with the times

If you have no background in tech, how the fuck are you supposed to tell a good project from a bad one? I'm convinced "read the whitepaper" is the biggest fucking meme ever, because I just read it and think "yep, sounds like a pretty solid idea". And I think this about EVERY project that has a whitepaper. They're surely all not solid, good holds?

>>22399056
are you kidding me? central banking has entire society working for their pyramid scheme and sure as fuck is using more than 10 nuclear plants worth of energy

>>22399105
ben is physical manifestation of luke warm glass of milk
he has no skin in the game and just palm reads charts

>>22403861
> what is a 4-year-halving-cycle
Yes, it's not a shitcoin ponzi you're witnessing here. This is the monetization of the first strictly scarce resource with a global liquidity pool.

Spoiler alert: Bitcoin will suck up almost all financial-premium of everything else. So houses, cars, art, wine, in the end even gold will only serve their use-function and all monetary premium will be in Bitcoin, as it should be.

Denominating the price in USD won't even be useful anymore long before that.

>>22402100
Why do you think PNK will do well? What makes it special?

>>22405114
just see how many pages it is bro.Longer the better.

>>22405392
Read the yellow paper, then look into ADR in the traditional legal/financial fields, then consider whether or not kleros services an unmet need and indeed requirement for a decentralised smart chain ecosystem to operate. If you’re bullish on smart contracts long term, they can’t function without objective data (link) and the means to resolve disputes arising over subjectivity in those contracts (if you don’t think contracts are subjective, you’re a complete lawlet - it’s the reason i’m in a job IRL).

>>22398998
Because 20k to 100k is still "only" an 8x if youre buying in then. And "only" a whatever times from the price now. Chainlink has potential for bigger gains if you were early to that plus if btc goes to 100k (which i want it to) that means CL will be like 1k-2k or higher, who knows. Im bullish on both.

>>22405567
Lol i meant 5x. Its late. Whereas CL to 1000 is almost a 100x

>>22405512
will do, thanks

>>22398902
I'm not denying the theory of 100k= BTC, but in practice who the fuck is going to pay that kind of money to own 1 BTC? Will normies sell/remortgage their house? Will institutional investors move money into it? In order for something to have value someone needs to be willing to pay for it, who would be willing to pay that kind of money?

>>22405417
Kleros gotta be the #1 crypto then.

>>22404181
>Has happened three times already
>Charts doing the exact same thing they did in prep the previous times
Yeah that pump was once in a lifetime bro never gonna ever happen again

>>22405392
It has good memes lmao

>>22405114
i'm the same. i look at the team, investors and 4chan discussions and memes on different tokens.
so far, i have decided on 2 that have long ass explanations of what they're doing, a decent looking team (no women devs, not only 1 dev, no anonymous devs) and shilled by vitalik.
not a clue about what they actually do though, because i'm too retarded to understand tech. can barely understand what a blockchain does

>>22405637
you buy fractions you moron. if 1 btc is 100k then you buy 0.001 and use it to buy a car.
literal newfag or bait q

How many more months until we pass 20k?

>>22405692
Kleros and Stake? If you say the projects I can briefly explain what they do.

>>22405637
Obviously they would be buying fractions of a bitcoin brainlet

>>22405706
BTC needs a rebranded 1/1000 version called mBTC and normies will flood in to buy many at $10.

>>22405681
Seems to unironically make a difference haha

How do I do research? Who are some Youtubers you guys trust?

Whats a good wallet to use? Im with conspot.com.au. No PNK. Is it easy enough to switch from one to another?

>>22398705
That graph shows it running out of steam quick. Wtf are you on about dinocunt.

>>22405805
coinspot*

>>22405747
close enough. kleros and reserve.
decentralized courts settling subjective disputes a computer can't (yet) solve + something about inflation and creating a currency tied to the USD (for now).
both look promising from what i can tell, although i like RSR more because of peter thiel and coinbase.
just had a glance over xDai. looks similar to RSR?

>>22405818
eyes to the left, bro

>>22405692
>>22405706
You're still not answering my question, how can you say people will put 10s of thousands of their life savings into fractions of a btc, knowing what happened last time when it moon'd to 20k then crashed to 4k will that not scare people off buying it? Can you guys think like a fucking normie just once, it might get you somewhere.

>>22399038
Sure buddy, go read 2012 and 2016 threads
BTC has limited supply and no valuation cap

>>22405761
See >>22405854

>>22405854
>>22405864
normies forget things in a matter of weeks bro

>>22405784
Gay question but I like D.I.Y Investing, Donovan Jolly. Extra meme potential because he purposely posts vids with ridiculous faces as a tongue in cheek self-aware jest and hes an overall chill and funny dude. Chico Crypto is good too and Bit Boy Crypto seems fine. Also just buy Chainlink.

I used to have some bitcoin and dogecoin in 2013.
I used to have a downloaded wallet which took forever to sync and some shady trading sites.
What is the default way of owning and trading coins now? Any recommendations? There are so many options now.

>>22405681
lmao same i cant read any of its documentation i dont have the attention span but the memes are good

>>22405762
>what are sats

>>22405953
Coinbase or Gemini for normie safety meme, asian exchanges if youre a gambling lunatic

>>22405854
>he doesn’t know this trigger the bagholder syndrome
just look at XRP normies, they are still holding their 3$ bought permadumped premined coin which is still in ripple hands (60% of the supply) so basically with unlimited sell pressure
If they do it with BTC, they could actually have better returns

>>22405854
imagine expecting humans to act rationally. why did people invest in TSLA very recently and why do they keep investing even after a dump?

>>22405971
Alright thanks.
Bittrex any good?

Just found out I still had 24 XRP there. How the hell did it go up so much

>>22405953
God, I always wondered where those videos came from. that looks like literal hell.

>>22405998
>>22405995
I suppose yous are right

Does anyone have a binance referral code they'd like me to use?

>>22405819
Coinspot is based for Aussies. Tards will bitch and moan about fees, but ignore the fact that they get dunked on with massive ETH gas fees for every alt you can buy with fiat on coinspot. Plus their market has super low fees

>>22405644
Kleros is pretty damn based though

BTC will never hit any significant ATH because:

>HUGE institutions that look like friends like Alameda + many others, then underwater unknown holders EVERYONE, then tether printing and other stablecoin shading will saturate the market ALWAYS makin sure to drag down the price but not marketcap, people will buy more and more, they will short, scalp and use every possible way to fuk with high margin fuktards, they want volatility, they quanttrade with hundreds of milions they dont need your 30 perc pumps (however they have them), they have even the 10,20,50xes then they short it and u baghold


u dont understand
few understand

defi is another way to scam masses and will die like all your so called mid / large caps

link is about to be shorted to the ground as a form of hedge and fund security

you have been told by Broom

>>22406200
Thanks. I just noticed that some options aren't there. Are coins like PNK and that Dino shitshow linked solely to an ETH portfolio od some kind, or will they show up on coinspot eventually?

>>22406187
Here use this ID

M2LSQSPQ

I set it to be fair.

>>22405854
Small money won't take BTC to 100k, it will be but financial institutions running away from dollar collapse , institutions that don't care much about losing a few percent of their massive wealth

>>22398768
You don't need to be delusional, just understand Bitcoin is not tied to any real value. It's just imaginary money, and it can have as many zeros as you want. There's no limit. So you just need enough bit institutions with billions sitting around in fiat currencies to decide that they want to diversify. It can happen in one day, because again, Bitcoin price is not tied to any real work. It's not like gold. It's just a conversion factor.

>>22401870
You are the retard, retard. If the price goes 20x to 15x to 10x for a succession of bubbles (for example) that's diminishing returns. Now look at the price history again. The flattening curve indicates diminishing returns even if the chart is logarithmic. We care about percentage gained and lost not absolute magnitude.

>>22406309
Based. Thanks for letting me know

>>22404311
Did it hold in 2016?

Imagine ACTUALLY buying BTC when XRP did 4700% the last bull run lmao

>>22406309
lmao it says 10%

imagine ACTUALLY listening to btc maxis haha

jesus christ so many newfag midwits in this fucking thread holy fuck i dont think ive ever seen it this bad before

>>22406309
I would like a little more

>>22403355
What is gold used for that justifies $10T mcap?

>>22406610
Social status

it seems like the best argument for bitcoin is the fact that the central banks are kiked and fucked. but if the central backs suddenly stopped being incomptent/malevolent would bitcoin then even be valuable?

>>22404181
So you aren't aware of any pumps prior to 2017?

>>22403855

Correct.

Phase 6 will be national banks and governments buying in, around 2025. That's when we'll hit a million dollar valuation. Incidentally, by then it will also be twice as scarce as gold.

>>22405935
Seconded on DIY investing. Dude cracks jokes on the moonboys and does a good long term price analysis. I don’t really watch crypto YouTube’s since I’ve been all in on ChainLink since 2017, but I’ve personally found he’s usually pretty solid analytically and usually makes the right calls with respect to the long term

>>22405306
>So houses, cars, art, wine, in the end even gold will only serve their use-function and all monetary premium will be in Bitcoin, as it should be.

Damn I just got a massive boner

>>22405784

CryptoLark is on the ball. You can tell he's trustworthy because he's a corny-ass nerd

isn't this all thrown out the window now that it's manipulated with tether. and also that it needs layer 2 to effectively do anything, same with eth.

we shouldn't need scaling solutions to help old tech. just use better, newer, tech rather than giving crutches to old shit.

>Average age: 38
Cuck and boomer, typical btc holder
Maxis coping in full force in this thread

>>22404311
Transition from bull to bear market is an even better time to accumulate if that's what we're in.

>>22398705
Check out the 4 year multiple page on digitalik. The 4 year multiple has never been less than 6x, meaning if you bought at any time longer than 4 years ago you'd be up at minimum 6x on the investment.
The ATH was December 2017, wonder what December 2021 will be like

It looks like OP has dipped, but general question, say you’re all in link with a stack of 6500, is there ever a point to consider swapping to btc?

>>22405953
goddamn pajeets

>>22398800
the fuck is this?

>>22400934
Wow yeah haha it's literally over because it didn't moon to 100k in 3 months after the halving

>>22405854
kek
>stocks dont crash lmao

many tokens are supporting YWD yield wealth finance as you can check them and as i can check they rised almost 70 eth within 16 hours of presale
presale address 0xB40Fb8062256E2e3459e801F1c7deC54686B10a4

>>22403855
>Day to day changes of $1k in 2017 will be day to day changes of $10k in the next 18 months.
Pic related, will be interesting to see how it plays out

>>22399222
neck yourself newfag

>>22398705
yearn farm.

I'm a newfag, can anyone redpill me?

>>22399689
>it can easily be copied and replaced by other cryptos
then why hasn’t it? if it’s so easy why don’t you create your own bitcoin and replace it? I guarantee this anon got into crypto in 2020

>>22405854
You can buy a hundred millionth of a bitcoin - 0.00000001 BTC
BTC could be worth $100 million and you could still buy $1 worth. They don't have to put in "10s of thousands of their life savings"

>>22399245
>Alt r bad poo
Ya nice id

>>22402346
>reducing the supply doesn’t impact price

>>22398705
Thank you wise one.

Hold your money.
Wait for your time.
Blink.
This is 2017.
This is our first movers advantage.
Go.

>>22406305
Dino will not get to Coinspot lmao, it’s an obvious scam. PNK might, but not any time soon. Proper shitcoins are generally only available through uniswap or similar ETH platforms

>>22398768
It all depends on how many people actually believe it, if enough people believe it they will buy and the price will go up. Same with TA. It only works if the masses believe that it works

>>22407245
Also curious on this, what do btc maxi's think of link, is it really just another means to stack sats or does it have staying power?

>>22408153

There's a specific generation of oldfag who never got past Bitcoin. They literally think BTC "will just incorporate smart contracts if it needs to", that PoW it's the only valid system, and that the only useful projects must have a new, unique blockchain (a project that uses an ERC20 is automatically a joke).

I am particularly looking forward to these Gen X retards getting absolutely btfo and left behind over the next 5 years. They're completely obsolete.

>>22405114
My strategy (working so far):
Check website, is it well made? Valid information?
Check telegram for pajeets
Check LinkedIn if devs aren’t anonymous
Check twitter
Search /biz/ archive
Check discord
Check etherscan wallets to avoid rugpull
This method only really helps avoid scams but I’ve made some money off random low mcap shitcoins doing this and I’m a fellow newfag. Basically if you can avoid a rugpull on a low mcap coin, you can 2-3x at least

>>22405637
Bitcoin is just money. Supply and demand for money behave the opposite as commodities. A private company would prefer to hold bitcoin on its books at a higher price, not a lower one, because higher price means less volatility.

>>22405784
Preston Pysh

>>22399295
>>22399510
>>22399617
the trilogy unfolds

Newfag here...

How many seemingly really good tokens with real use cases or could be seen to be really useful in the future have crashed and burned?

Basically, what is the chance a token will do well based on how much effort was actually put into it and if it was a good idea?

>>22398705
Stock to flow is the gypsy divination.

Another question...has bitcoin ever pumped hard for no good reason that could be identified?

>>22408080
All good im mostly in for the ones I think are log termers for now until I've watched and learnt enough to gamble on the riskier ones. BTC and Link primarily at this point. Just trying to get enough in them incase they boom soon, which seems likely

>>22409889
from 11k up to 20k a few years back was a "wtf" moment

>>22398705
The problem with stock to flow is not that it's necessarily a bad indicator; quite the contrary. The problem is that a worldwide market crash ranks a far more powerful influence on BTC's price than a stock to flow model. Just look at the march crash when the SP500 lost 1/3 of it's value. What happened to BTC, did it ignore it? No it lost 50% of its value.

>>22405637
IN the end, a few decades from now, BTC will have burned the majority of its supply, until the amount of bitcoins out there essentially is reduced to 1. It eill become THE BITCOIN and everyone will own fractions of it. Maybe a large bank or corporation might hold 1 or 2% of the bitcoin, but the rest od humanity will be buy cars and houses with satoshis.

>>22409992
that was cause of media exposure though

>>22408212
Literally first smart contract was launched on the BTC blockchain not long ago faggot

Millenial here

>>22403559
He sold at 19

>>22410271
what are you smoking bruh? How is bitcoin burnt, what if I store 1 btc inside my a-hole with a ledger for a few decades, will I be the owner of THE BITCOIN? KING ANON THE FIRST

>>22410464
Yeah, so?

>>22407871
>BTC could be worth $100 million and you could still buy $1 worth.
good luck interacting with BTC to purchase $1 worth
>That will be $1 plus $2984 tip t. miner

>>22409739
I've seen good tokens crash and burn because of too much attention technical/legal perfection at the expense of publicity. They end up running out of funds and disbanding. That's why people who try to fud a token so they have time to accumulate more are taking a huge risk when they do so. But the market is more mature now compared to a few years ago when I used to see this happen so maybe this danger is not as common nowadays.

>>22411075
False. You will be forced to spend your bitcoin. It will be your main currency soon. You won't be able to store it because you will need it for food, electricity etc.
>>22411119
If you were any more dense, you'd be a white dwarf

Why do you all cunts keep calling it 20MA isnt it 200MA that dictates trends? Makes me boil with rage

>>22410308
i thought it was from some chinese whale pump, with that not being known for like a year afterwards

>>22399028
This is a shill attempting to derail. Prove me wrong

>>22399854
This

>>22411631
You’re an idiot. Why would anyone be “forced” to spend any BTC? Even if you’re suggesting that BTC will replace fiat, then by necessity anon will already be getting PAID in BTC, which he can spend, instead of the BTC that he has put in cold storage.

>>22400985
how new are you? 50/50 link / defi shitcoins before they exit scam. literally that easy

>>22411878
No, 20 ma dictates short run trends
200 ma is more like support and long run trends
You'll notice we bounced off the 300 ma quick after the liquidity crisis in March, it was such strong support that we didn't hang around there long

>>22405953
bitcoin core is still the same, but with a modern pc and an ssd it's fast as fuck, sync is much much faster
for shitcoins I use trust wallet on the phone

>>22406513
imagine not being a maxi

This looks cool

https://shiftcrypto.shop/en/products/bitbox02-bitcoin-only-edition-4/

>>22408153
BTC maximalinkist here
I only hold btc and link now but I made my initial money on Ethereum in 2017
Now eth is boring so for massive gains but risk on position I go with link, and for generational wealth building I go with btc

I think anyone here knows now that BTC will be around for a long time, and ethereum is probably the second surest bet on crypto, but much much less sure than Bitcoin, at that
Since link is based on Ethereum it is essentially a leveraged bet on that, but I think it is one of the best projects in crypto right now and we haven't even entered the bubble phase of the market yet ( when BTC starts making new ATHs again ) so forthat I think link is the 3rd surest bet in crypto and likely and even better upside potential

That said, as I learned last market cycle, once the bubble market gets going as I said above, btc will likely outstrip others in gains (with exception to shitcoins that unforeseeably go 100X overnight) and more importantly it will LEAD THE MARKET

That is why I legitimately think that while you may make more money with link now, you might lose out in sats in the coming golden bullrun
And I also think that sats will be a more primary means (if not THE way) of determining status and wealth in the future, so while you can risk it and make money that you might make even more in sats, if you buy enough Bitcoin now that you're satisfied you can rest easy knowing that you will have those coins in the future as long as you personally don't fuck that up

>>22406323
Its going to basically be this. Normies wont have a choice and flee the USD into crypto. Look at Greece and Venezuela smart money already moved their wealth to precious metals and crypto.

>>22405114
Even if i'd tell you, you would't understand. Good luck faggot

>>22412777
Praise Kek

>>22398705
What's the point of making it next year when a revolution is probably going to break out?

>Make millions in the upcoming crypto bull run
>Buy a really nice house, nice cars, etc
>Finally have the perfect life
>Revolution breaks out shortly after when hyperinflation kicks in
>some Black anarchist breaks into your house and kills you, not knowing that you were a poorfag just like he was only a couple of years before.
How to avoid this?

>>22398705
ok... what about ethereum

>BTC
>100k
you do realize everyone will just mine BTC?

>>22414336
Accumulate guns.
Know your neighbors.
Be ready when the revolution/negros/antifa happen to the neighborhood.

Train your body, train your mind, get those around you on the same page. Consult /pol for the specifics.

>>22414336
>Buy a really nice house, nice cars, etc

don't worry you'll be back to being poor in no time

Spidertoken presale is live in 2 days 22 hours at @spidertokenen

Presale price :- 1 TRX = 1 SPT
Justswap listing price :- 1 SPT = 3 TRX
Per person :- MIN-1000 TRX, MAX-1,000,000 TRX
BONUS:- 20%
Send TRX to presale wallet :- TV1FZihmM1ch3QLU1U8Hh3a4JdUhxjGpFw

>>22414846
overtaken by Digibyte 2022, screencap this

>>22398726
Based.

Lets say I wanted to invest a few thousand in some new alt coins, what wallet do I use? I notice coinbase only has twenty something options and binance.us only has forty something, and I'm unable to use the normal binance

>>22415574
Metamask + Uniswap gives you access to all ERC20 tokens (Etherium and the like). The Exodus wallet lets you hold a bunch of others and trade them on their exchange.

>>22415449
Alright well you're a nigger

>>22415864
lol. That's all you can think to do with your money? Is to buy so many products that you're literally begging to be robbed?

>>22416424
I honestly thin that assets have no value. Assets depreciate, landfills are filled with assets. I have respect for people who sell and make money on assets- they are doing a magic trick.

People talk about "intrinsic" value. I think this is true of clean air and water, and fresh food, basics like clothing and shelter, objects of utility like pots, and pans. All the rest is arbitrary. The magicians and the audience are all part of a epochal magic trick- making things of intrinsic value vanish while substituting inflated, empty shells. Just look at the primary productivity of the planet, in decline while every store is filled with unnecessary, redundant crap, and the roads are filled with idiots dreaming of going someplace while burning real energy that was built slowly over millions of years and will never be replaced. This society and way of life has no future whatsoever and the music is going to stop long before the younger generations' natural lifespans. Buy boomer assets, win a boomer lifestyle. Scratching your head, trying to fix a lawnmower on a hot day because you are a self-employed serf on "your own" land? How much Monster energy drink do I have to consume to make this hallucination seem desirable?

>>22417103
>This society and way of life has no future whatsoever and the music is going to stop long before the younger generations' natural lifespans
Ok boomer.

>>22398705
getting anxious about your btc bags?
your ponzi is dying

>>22403693
0x5b1BC56890F88a776ab5D0c71Ec81f3521AA93D1

anything just anything im starving please ill take the fucking BAN

>already way below the blue line
getting nervous bull cuck? next time maybe think about giving a decent bottom instead of rallying from 3k to 14k for no reason.

didnt read, not buying and many other investors think the same. cope

>>22417891
>not buying
great, cheaper for me to accumulate
>gay people are bad
gay people increases free pussy supply

>>22405854
It's a waste of time to reason with bagholders. They will be holding their bags to the grave.

am i fucked for borrowing usdc to buy link on aave when it was $13? I don't get liquidated until mid $7 which makes me nervous but then again i think we've already seen the worst and we crab for a little, at worst, revist 10-11 again

>>22399854
Come back when you could pay the guy that mows your family backyard with BTC.

>>22406673
Bitcoin was a response to the 2008 financial crisis and the mechanisms that were put in place to prop up the economy afterwards. Those temporary emergency measures have remained in place through an extremely long economic expansion, and now that we're in another crisis more measures are being added on top.
In a sound economy with sound money, downturns would shake out inefficient and parasitic firms, but since 2008 that hasn't been allowed to happen. Looking at the trajectory we're on, it's more likely the central banks will be pushed to their limit to prop up the boomer economy, up to and past the point where there's a mass loss of faith in the post-WW2 financial order and a new system needs to be put in place.

>>22398726
why do British pig-skins sound so gay?

>>22405114
If a project has a whitepaper written in grammatically correct, concise English, it's already in the top 20% of projects. If you're not very technical but the concept sounds good to you, then that's the impression other people will get and it'll grow for a while.
Add in other indicators to figure out how long you can hold, but remember that the vast majority of projects launched now will drop 98% after the next BTC peak and never recover. Very few of these are long term holds, they're just multipliers for your stack on the way to the next BTC peak.

>>22413917
>Since link is based on Ethereum
ouch. another "bitcoin maximalist" that knows nothing about crypto. go back to redit if you want to pay BTC for hot dogs.

I still have .00325146 BTC from when I played around with it in 2013. I paid 2 BTC for a small bag of cannabis off the Silk Road then a few months later the FBI seized the site.
thanks for reading my blog.

>>22415485
lel
as funny as this is, but holy shit I want this to happen even with my baby stack

>>22398726
at 36:50 he almost said chainlink kek

wasn't the meteoric rise in BTC due to the introduction of Tether?

>>22419529
How do you cope knowing that you spent 20k on a shitty dime sack?

>>22415864
no you, nigger.

>>22419915
it kind of sucks, but it's not like everyone else predicted it and bought/held BTC at under $100. At the time I thought I was just playing around with some novel new tech. I was more interested in how crypto currency and TOR worked than in the monetary aspect.
C'est la vie

>>22405854
YFI is literally a testbed for the price of high BTC.

>>22403861

How the fuck do you guys find projects when they're priced in single digits of sats, buy a stack of a million, and then make a shitton of money? Just lurking here, ignoring the blatant scams, stuff only appears after it's already done 20x-50x, which puts a limit om how much you can make from it.

>>22417593
Everything is going to crumble to dust, not even your precious Star Wars movie franchise will survive what is coming.

>>22405965
That's the thing, this guy and the other guy literally can't understand how you can afford bitcoin.

>but in practice who the fuck is going to pay that kind of money to own 1 BTC?

It's this kind of shit that makes me angry... They literally don't know they're too stupid to know that they don't know what they're talking about.

>>22420385
thats why you have to look out for actual gems

2017-2018:Me as a trader: losing sats
2019-2020:Me as a hodler: never losing sats

I have achieved level II: apprentice Chad, and you will now address me accordingly

The real question is will BTC dump or pump tonight?

>>22405114

I have over a mil in crypto and have never read a white paper. If you realise that wp are a meme then you're on the right path but you could've years away from really understanding yet.

>>22420637
Forecast: Rangebound consolidation through Tuesday, Lows in the 10000s, Highs in the 10350s. On Wednesday new money comes into the market as stimulus is injected which will take markets higher as shorts capitulate and price will climb back to 11000 for the weekend. This won't last as volatility will reappear for no reason whatsoever plunging the price to just below 10000 to start next week.

>>22420775
You're still expecting a stimulus before the election?

>>22420820
Smart money would probably be on no stimulus. All the economic indicators are static for now, and we won't get an update until October at which case the Democratic party won't have any incentive for further stimulus. Just like they filibustered the current offer, they'll filibuster anything unless their man gets into office.

>>22421097
Yeah, that's absolute bullshit. the 500 billion dollars put forward by republicans didn't have provisions for another round of direct payments, that's partially why it was rejected by democrats.

>>22421097
This is mostly Nancy Pelosi, Mark Meadows
and Mitch Mcconnell's fault, him being the person who wanted to wait after the first round of stimulus to see what effects it would have on the economy.

>>22421097
Also, you're a stupid faggot and I hope someone fucks aids into your eyes.

>>22421373
There's no need for another direct round of payments. You just want gimmies.

>>22421648
lmao I make 56k a year after taxes. I placed forbearance on my mortgage for 3 months. I have about 1400 extra dollars for the month after all the bills are paid. I would love more money to pay backed bills right now. I'm behind on my phone bill for two months now. I need to pay certain shit and that money would genuinely help me. Plus, I need Bonus S and fertilizer for my lawn. I have no "extra money" I can't imagine how bad this shit is for people who lost their jobs.

>>22421648
>there's no need to have the economy stabilize
Alright boomer

Also, hey anons, pro tip: buy a beef tenderloin. it's about 110 USD and it can be cut into about 15 filet mignon steaks. You save about 70 dollars over buying them pre cut. (and you get to pick how thick they are.

>>22420609
well good on ya, Mr. Faggot.

>>22421850
Hey, that's Mr. Apprentice Chad Faggot to you...

>>22417103
>a house has no intrinsic value
Why not just live in a tent? Or a tin shack? Why even own anything nice? It’s basic human nature to want nice things or a higher quality of life you boomer.

>non linear graphs
why do you niggers even bother to use this?

>>22421881
You can add value to a house too, just a few little things here and there, not like a fucking in ground pool either. A small deck, flower beds. Little shit like that.

>>22398705
why every time supply reduces by 1/2 price increases 10X?

>>22405637
this guy thinks you can only buy whole BTC

>>22422121
Because there's less supply which raises demand and subsequently value?

>>22422169
This, Right here.
>>22420474

>>22405637
Joe Rogan mentioned Bitcoin again this week in his podcast, so that might help add some movement with people outside the crypto space

>>22398799
>100-200k
Please elaborate

>>22405818
please don't disgrace Charles with your ignorance in the future

/biz/ is a spinoff of /pol/ which is why there are IDs

Redditors have infested this board along with pajeets

So much of this board is dedicated to crypto shilling that boards like /new/ and /pol/ literally have better economics threads, effectively making /biz/ pointless and it should probably be renamed /cry/- Pink Wojack Emporium.

moot is a jew and he ruined 4chan. Now he is a hipster who pretends to code for google while not really having a meaningful job.

>>22422181
im talking about the ratios

>>22422453
/biz/ is a spinoff of /g/, and IDs are there to mitigate people samefagging their own shill threads. The board was made for crypto.

>>22422651
No, all economics threads were banished from /pol/ when /biz/ was created and /biz/ has ids specifically for that reason.

>>22422682
No, it was to get Dogecoin threads off /g/. IDs weren't here at the start. Anything that happened in relation to /pol/ was its own thing that came later.

>>22422682
you're really stupid desu

>>22414968
You are an imbecile. The upfront investment for a mining rig and then power costs to have a CHANCE at getting one singular BTC is just not worth it

>>22399854
BTC still has the high cost transactions and is still slow as fuck, when will that be fixed?

>>22422453
One of the dumbest most retarded low IQ gorilla nigger posts I've ever read minus the last part

>>22405747
Not him, but would like an explanation.

>>22405637
Who says you need to own $100k fuckwitt??? You buy what you need. You can receive 0.00000001 BTC.

>>22423781
Base-layer BTC is slow money. To use it faster you'd use a Layer 2 solution like Lightning.

>>22423781
You’re missing the point. Bitcoin is a macro play. This isn’t for buying coffee at Starbucks the XRP schizos can have that. Bitcoin is where big money is going to go for an alternative from the existing fiat financial system. Total collapse or not, at the very least negative interest rates are coming and large hedge funds to business to normal people need an escape route. That’s what bitcoin will be. Faster txs/smaller fees come at a cost of security and network strength. It’s a balance you can’t have it all. Bitcoin isn’t here to compete with VISA a centralized system is more efficient for micropayments right now.

>>22422453
>moot
WHO?

When was /biz/ born?

BTC is a dinosaur and unsustainable long term.

>>22398705
>https://digitalik.net/btc/
Is there a stock to flow graph that goes all the way to 2140?

>>22399105
Oh yeah I loved his old nano stuff where he cried on camera cause the price dropped, dude is the definition of newfag

>>22422453
Fuck off newfaggot

>>22399028
so is every single asset, real estate, etc, it only has value if someone else will pay something for it

>>22422453
please just kys and don’t comment again

>>22399703
This, in 2017 I made just as much spending all day on biz trading alts as if I has just held BTC, until I bought ZCL before bitcoin private and made a 10x

>>22405846
What they actually do:

Kleros allows trustless business to be conducted online. (Just 1 use case of many)
For example, I want someone to make me a website. I write I want x,y,z and put the money into escrow with kleros. The web dev starts making the website since he knows I can't stiff him since the money is in escrow. If he delivers x,y,z, he is able to get the money from the escrow. If I say he did not deliver as promised, randomly selected jurors earn PNK by deciding who is in the right. The jurors make more if they vote with the majority so they are incentivized to answer fairly and correctly. So I don't have to worry about paying for shit quality work and the web dev doesn't worry about not getting paid for his work.

Reserve allows a digital stablecoin alternative to inflationary foreign currencies like in Venezuela. RSV is supposed to represent $1 and is backed by a basket of stable currencies. If RSV drops to $0.98 then supply is reduced to bring it back up to $1. If RSV is over $1 like DAI is right now, then people can use $1 worth of RSR to buy 1 RSV and then sell it wherever it is going for over $1. RSR serves to counteract deflation of RSV.

My main crypto holdings are:
LINK (35%), ETH, RSR, YFI, and PNK in that order.

>>22399167
>shitcoins always pass their ATH and can't trend down

>>22398705
How many BTC to make it?

>>22399291
>I dont know about 20MA cuz I dont day trade, I only stack more with every paycheck I get
low IQ but at least you dont day trade

>>22425882
however many you can afford

>>22411631
you need to go back