/biz/ - Business & Finance

>>24018318
BTC is by far the most time-tested, so just go with that if you don't want to sweat it too much. ETH and LINK are probably pretty safe bets too.

There is only one option

>>24018340
Fpbp

If you hold till next halving 2024-25 btc

>>24018340
Thanks anon. Is there any particular reason why everyone on /biz/ seems to love chainlink so much?

>>24018405
Solid project, solid team, made us all rich

>>24018318
I'm in the same boat as OP but with a bit more potential capital to invest due to covidbux. Can someone give me a quick rundown on getting into this stuff? Which programs to use/accounts to create and why, price monitoring sites, stuff that I wouldn't get from reading pastebins in the generals here?

Tether is about to cause the most catastrophic rug-pull in human history.

https://www.youtube.com/watch?v=bFVK9SxKR5c

https://www.youtube.com/watch?v=qzDjJ-SrojY

New information on the tether lawsuit:

https://www.reddit.com/r/btc/comments/jrr3ny/recent_fillings_exit_the_ponzi_playground_at_all/

More information on Bitcoin:

https://blog.plan99.net/the-resolution-of-the-bitcoin-experiment-dabb30201f7?gi=63d0d0ef554a

https://www.youtube.com/watch?v=XfcvX0P1b5g

As of today, seven-day printing-rate of tether is $38 billion per annum.

I suspect that the CFTC knows that tether is a scam, but they won't audit it for the same reason that they won't audit the COMEX. Crypto is an Adam Back/Blockstream-created ponzi to split the anti-fiat community. The COMEX already would have gone bankrupt if our efforts had been fully concentrated on physical silver during these past ten years. Once fiat collapses, BTC becomes priced in gold, and all crypto (as being the fruit of the poisoned tree) immediately goes to zero.

"To overturn the history of gold is wishful thinking. Fully backed Gold and silver substitutes and circulating coins are practical and acceptable for 7bn transacting individuals. BTC will then have no role and sink to zero priced in gold." - Alasdair Macleod, 8 November 2020

BTC requires $100-fees and 3-day transaction times when even 0.1% of the world population attempts to use it as a currency; the only solution is to go through Blockstream’s second-layer solutions which track and trace everything you do. Blockstream is controlled by the banks and the Bilderberg Group. Projects like BCH are not the answer, since they are just as liable to human corruption as BTC was.

Not only is BTC worthless as a currency, but gold-backed crypto already exists. We don't need BTC for anything.

https://www.youtube.com/watch?v=5Q9aYYluRA0

https://www.youtube.com/watch?v=BjqzyqRz_Mc

Also, gold-backed yuan and rubles will soon be used in the banking system.

>>24018737
I was actually about to ask about Tether and was wondering why it isn't mentioned more. From articles that I've read it seemed like probably one of the most sound options for long term investing but this brings up some other interesting things to consider

>>24018405
If you are new I can forgive you, I will spoodfeed you and potential lurkers a bit for the new /biz/ frens. Pic related.

>>24018318
fuck off we're full
DO YOUR OWN RESEARCH

>>24018318
Bitcoin, by which I mean BTC, not the scamcoins that use its name to try to trick people. 99.9% of the others are scams. ETH is a science fair project by a Russian autist. There are a very few others that might or might not survive and succeed, but they are all gambles.

>>24018737
>/r/btc
>shill subplobbit for Chinese BCH scamcoin miners
>how cute he believes anything posted in /r/btc
LOL @ luzer

>>24018833
Tether isn't an "investment" it is just a way to store crypto. It is a stablecoin pegged to $1 so you aren't going to make or lose more than a few cents on any given transaction. It is used a fair bit in international gray-market trade -- Chinese traders selling goods in Russia, for example, without bothering to do all the currency transaction crap that China and Russia try to force them into.

Tether is also centralized, so one company is controlling the whole mess, which leads to certain risks.

The one real risk is that all the BCH shills have been screaming for four years now that it doesn't have any funds backing it and that it will magically be revealed some day to be a giant fraud. This has already been disproven by the federal court lawsuit when some of Tether's reserve funds were confiscated by several governments in 2018. By now they should have more than made up for that loss through their transaction fees.

>>24020039

>shill subplobbit for Chinese BCH scamcoin miners

I said _not_ to buy BCH. I said to buy gold and silver.

>It is a stablecoin pegged to $1

"Pegged" to $1 but not backed by it. A poorly-done audit made in 2018 found that tether was only 75% backed by "cash and cash equivalents." That's when its mcap was only 1/10th of what it is now. Look at this chart. Mean-while, BTC volume is only 5% of what it was in 2017. Look also at low frequency of Google searches for Bitcoin. This is an artificial pump with no real buyers and sellers. All the BTC is going into tether's hands (see >>24018737 to understand how this works.)

guy on the right lost his hands

also, this is your sell signal, /biz/

>>24020039
>Tether isn't an "investment" it is just a way to store crypto.
Just to clarify, let's say you are French and you made a bunch of money off BTC. You don't want to pay taxes on it just yet but you want to make some of it secure so you have guaranteed money to pay your living expenses in case BTC drops. France doesn't tax you until you exit into euros, so if you move some BTC into Tether, you can hodl on to that for as long as you want without being taxed. If BTC drops, you've come out ahead. If BTC rises, you didn't make as much as you might have but at least you didn't have to worry about starving if it had crashed 85% again like it's done repeatedly over the years.

Right now it's looking like the start of a long-term bull market. PayPal gave normies an easy on-ramp, multiple companies have decided to buy into it with their financial reserves, Lightning Network is getting around the transaction limitations, and Bitcoin debit cards are making it easy to spend at normie stores.

I'm expecting sidechains to become big eventually -- lock your Bitcoin into a private network that lets you spend it with zero fees and 100% privacy, on certain things like online services. It would not actually be custodial since you still retain control on that network, and can move it off if you want to. But it's not taking up transactions on the main network any more, so you don't have to worry about spam transaction attacks.

>>24018359

>>24018318
Time in the market beats timing the market. Just buy now and no matter what happens, sell when it goes up a lot.

>>24020173

>Lightning Network is getting around the transaction limitations

This is an utter falsehood. The LN has been "18 months away" for years now and the volume on it is just as dire as ever. There is no LN implementation. Also, even if the LN could get implemented, it could only serve about 0.2% of the world population before breaking down. BTC is completely unusable as a currency, and will go to zero when the fiat system collapses soon.

>>24020090
>"Pegged" to $1 but not backed by it. A poorly-done audit made in 2018 found that tether was only 75% backed by "cash and cash equivalents."
And the SDNY lawsuit documents proved that it was 100% backed until the U.S. forced the company to switch banks repeatedly and then froze and confiscated its funds once they moved the funds to a place where the U.S. (and Poland, for some inexplicable reason) could reach.

My best guess is that all of this Tether FUD is being pushed by the U.S. government because they want to stop any risk of competition with the U.S. dollar in international trade. Kill Tether, and all those merchants who don't want the volatility of ""cryptocurrencies" are forced back into SWIFT and the rest of the traditional banking network -- which the U.S. government controls with an iron fist.

And then you retarded nocoiner Buttcoiners will seize on any excuse to make shit up to try to push people away from cryptos, just because you missed out and you hate everyone who didn't.

>>24020225
LOL. You really are behind the times. LN is working just fine. With the Taproot upgrade activation, both LN and on-chain BTC are gonna get even better.

What's your next lie gonna be, something about "Satoshi's true vision"?

Parsiq if you wanna be a millionaire 2 years from now

>>24020279

>What's your next lie gonna be, something about "Satoshi's true vision"?

Satoshi is Adam Back, the head of Blockstream. There is no "true vision."

https://www.youtube.com/watch?v=XfcvX0P1b5g

"Projects like BCH are not the answer, since they are just as liable to human corruption as BTC was."

"Gold-backed yuan and rubles will soon be used in the banking system."

"Once fiat collapses, BTC becomes priced in gold, and all crypto (as being the fruit of the poisoned tree) immediately goes to zero."

>LN is working just fine.

LN not only destroys privacy, thus defeating the alleged use-case of BTC, but can only serve 0.2% of the world population even when fully implemented. Then it breaks down and you get the $100 fees and $3-day transaction times again. BTC isn't going to take over as money when fiat collapses. It literally can't.

>>24020247

>LOL. You really are behind the times. LN is working just fine.