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/biz/ - Business & Finance


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23438687 No.23438687 [Reply] [Original]

I set out to find the true market sentament of BTC (and all of crypto) right before the bubble popped in 2017.
From what I saw /biz/ was 50% shitcoin shilling (a lot of xrp, bcash, xlm, ltc etc.), 20% misc shitposting, 15% bitcoin speculation, 15% link speculation. Most people actually saw the bubble coming. The ones that didnt were newfags or were just greedy morons and very delusional about "new paradigm". So /biz/ isnt always wrong it seems...

Also LINK was not just shilled on a normal level. It was heavily shilled even at $.25 so the idea that it just happened to be the one of 100 coins to me it is wrong.

>> No.23438747

>>23438687
true autists saw the value proposition in LINK. once they understood what it is about they went all in

>> No.23438753

*one of 100 coins to moon is wrong

>> No.23439156
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23439156

Can you look into what happened on this date? I know what happened I just wasn’t on biz when it happened kek

>> No.23439274
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23439274

Who else /sprouting/

>> No.23439669

>>23439156
i couldnt find any threads referencing this from that day.

>> No.23440205
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23440205

>>23438687
>>23438753
>>23439669
> A meme (/miːm/ MEEM) is an idea, behavior, or style that becomes a fad and spreads by means of imitation from person to person within a culture and often carries symbolic meaning representing a particular phenomenon or theme.
> A meme acts as a unit for carrying cultural ideas, symbols, or practices, that can be transmitted from one mind to another through writing, speech, gestures, rituals, or other imitable phenomena with a mimicked theme. Supporters of the concept regard memes as cultural analogues to genes in that they self-replicate, mutate, and respond to selective pressures.
> A field of study called memetics[7] arose in the 1990s to explore the concepts and transmission of memes in terms of an evolutionary model.
> The word meme itself is a neologism coined by Richard Dawkins, originating from his 1976 book The Selfish Gene. Dawkins's own position is somewhat ambiguous. He welcomed N. K. Humphrey's suggestion that "memes should be considered as living structures, not just metaphorically" and proposed to regard memes as "physically residing in the brain."

It seems you’re on the cusp of something OP, given your curiosity on the subject. Can you grasp just how deep this rabbit hole goes though?

>> No.23440795

>>23440205
theres probably a lot im not noticing. youd have to read probably a hundred different threads to get an understanding of market sentiment over the course of 2016-2017.
i will say the amount of shitcoins on this board in 2016 was practically 0. this fact is kind of bearish for shitcoins. the coins you see today will become tomorrow's siacoin and doge.

>> No.23440860

>>23440205
We make the meme, bring the subject into the meme and then the meme becomes reality.

E.g. 'Link Moon' and 2-3 years later it does.

>> No.23441633

>>23438687

BITCOIN will go to 100k USD WTF are you talking about kid?

This is the money of the future...

>> No.23441729

The merits of link were autistically debated to death by the finest crowdsourced intelligence the internet has to offer, and link passed the test with flying colors. However, this same crowdsourced intelligence got bored waiting and set about memeing, both for fun and to keep reddit out (fuck reddit). Not much else to say really.

>t block 478

>> No.23442004

>>23441633
Where in the post was I bearish on BTC? I'm just saying, when the bubble comes some people on /biz/ will warn about it.

>> No.23442028

>>23441729
Incorrect. Link was in the same league as HOLO, Vechain, NANO, and even RLC back then. It was literally just another shitcoin that didn’t just not have a working product, they didn’t even have a resemblance of a github. Then several failed talks by sergey later, “link marines” came up with a ton of memes which were objectively funny and very pejorative of ser the gay. Then everyone suffered through 2018 and 19 pains and newfags picked up on the funny memes. The rest is meme magic history as is evident by a non existing product with chainlink that still doesn’t use the token anywhere ever

>> No.23442050
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23442050

>>23442004
>when the bubble comes some people on /biz/ will warn about it
Which is still useless, since somebody is always going to be calling the top every step of a given bull run

>> No.23442059

>>23442028
>he doesn’t know about market.link

But initially yeah it was risky and unknown, hence why you could buy it for .15 as opposed to now :)

>> No.23442177

>>23442028
Nope. Holochain came to biz much later than link. nano, vechain got maybe 10% the amount of discussion as link.

>> No.23442334
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23442334

>>23440795
>theres probably a lot im not noticing.
There’s a lot you aren’t noticing

>> No.23442371

>>23442177
Nope, you’re incorrect. It was the same shitcoin as others. Still is, you fucks just got lucky
Seethe

>> No.23442476
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23442476

>>23440860
>then the meme becomes a reality

> A young woman I was treating had, at a critical moment, a dream in which she was given a golden scarab. While she was telling me this dream, I sat with my back to the closed window.
>Suddenly I heard a noise behind me, like a gentle tapping. I turned round and saw a flying insect knocking against the window-pane from the outside. I opened the window and caught the creature in the air as it flew in. It was the nearest analogy to a golden scarab one finds in our latitudes, a scarabaeid beetle, the common rose-chafer (Cetonia aurata), which, contrary to its usual habits had evidently felt the urge to get into a dark room at this particular moment. I must admit that nothing like it ever happened to me before or since.

>> No.23442682

>>23442028
And here we have the fool.
Do you really believe these things occur by “chance”? What even is “luck”? Words to describe events that can not be adequately quantified.

Do you really believe people made these memes by luck? People picked up and spread these memes by luck? They were objectively funny because of luck?

You can sit here and honestly tell yourself the memes came first, for no reason at all, and it just so happened to become the best performing asset?

There’s a reason why these memes spread through our culture. You, like many, refer to this process as “meme magic” yet you fall back on it being due to random chance. There is a cause to an effect. Understanding this process and utilizing it as a financial tool is extremely powerful. Yet you chose to stay willfully ignorant.

Yes. We got “lucky”. We made millions off of “Chance”. It was all “random” and there was no way of knowing.