[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 84 KB, 588x1087, muusk.jpg [View same] [iqdb] [saucenao] [google]
24088336 No.24088336 [Reply] [Original]

The maximum transactions per second that bitcoin handle is 3. Fucking 3 transactions. If BTC goes to 100k or even higher, almost everyone will be getting in on it.

Now tell me, what will happen when your average normie sees that it costs $500 to send a single transaction? Yeah it will all come crashing down, HARD.

>> No.24088441

It will probably happen when eth2 is rolling out it's sharding with 100,000 tps.

Game over. Flippening. Eth wins.

>> No.24088650
File: 326 KB, 2000x2833, 1604771438312.jpg [View same] [iqdb] [saucenao] [google]
24088650

>>24088336
Except much like stocks are not crashing from normies buying TSLA having to drive to the NYSE to sell them because brokers exist they will be buying and selling their coins on cuckbase instead of using wallets

>> No.24088673
File: 12 KB, 256x256, bazinga.jpg [View same] [iqdb] [saucenao] [google]
24088673

>>24088336
THIS IS WHY YOU INVEST IN BAZINGACOIN

>> No.24088742

>>24088336
BTC isn't for normies anymore. The dream of peer to peer digital cash is dead. Now it's digital gold.

>> No.24088776

there are no bitcoins left, we see a low volume pump, the ones that get sold will pump the price

>> No.24088810

>>24088336
Why do people just say things? Also, retail isn't buying.

https://mempool.space/

>> No.24088938

>>24088650
/thread

>> No.24088953

>>24088336
$500 per transaction? That won't happen kek. The transaction price isn't bound to the price of bitcoin, dummy.

>> No.24089026

Heckin wholesome Big Chungus Musk 100

>> No.24089054

>>24088650
Jahy doujin when?

>> No.24089106

>>24088742
>digital gold
This is going to end in a bigger disaster than last time, isn't it?

>> No.24089137

>>24089106
I personally don't think so. What you should be wary of is Tether's money printer though

>> No.24089186

>>24088953
In 2017 bullrun the average transaction price was between $40 and $100 for a long time.

>> No.24089309

>>24088441
based
all elits have been teaching there kids to mine eth
showing they kids future of money so they get leg on the fuckings goys

>> No.24089376

>buy bitcoin at 100k
>literally can't sell it for 48h+ due to transaction speeds
>selling at any specific price becomes impossible
>price effectively becomes locked

GOLDEN BULL RUN

>> No.24089436

>>24089376
There's so many things wrong with this. Listen to one of Michael Saylors interviews next time you have a couple hours to kill.

>> No.24089467

>>24088441
this
OP's scenario will make normies realize that ETH is the future

>> No.24089497

>>24088650

This is the most obvious answer and really shines some light into how fucking retard the average /biz/ user is. The market will adapt accordingly, like it always has.

>> No.24089532

>>24088441
THIS

>> No.24089625

>>24089376
Exchanges all keep the shit in the same wallets. It would make no difference since the coins aren't actually moving unless you make a withdrawal.

>> No.24089960

>>24089137
Depends, since institutions are now also involved.
Now, I will do as your ID suggests, and find some nice vanilla.