/biz/ - Business & Finance

>lost
I didn't lose shit my average buy price is around 7k.
Only normies and poorfags who bought at 18k are crying today

>>24304785
fug this faggot was posting in 2018 on the way down. its fucking over.

>>24304842
you lost the chance to sell above 19k, that's what you've lost, and soon you will lose the chance to sell above 16k

Cope from a gay weeb bagholder

i'm buying back what little I sold probably starting 15k, probably higher if this bounce holds.
>>24304842
so? I bought the march dip so my buy in is lower than years and it still hurts not to take profit. your mistake is the house money fallacy.
I did sell the top, but only %16 of my stack.

>>24304785

I love your writing style.

Bitcoin is nothing but a number on a screen

>>24304965
been bag holding since 2012

this is the only chart you need
>>24304923
>>24304941
>>24304965
thanks for the fud

>>24304785
I only love anime girls because they can't hurt me and they don't eat my life and savings away :*)

>>24305141
>muh stock to flow

>>24304785
>bitcoin can't even handle the volume of your average supermarket on its own
>the future of the human race

Kek

>>24305141
>muh halvening

>>24304785
this, every day adoption slowly grows.

buy the dips and sell the pumps.. but NEVER fully exit

>>24305194
>6 TPS fud

being this new

>>24305194

Bitcoin can do 500K transactions per day. Consider it as store of value for the top 1%, which is about 70 million people. Each of these people can do a transaction once every 140 days. That is a little tight, but people usually don't move their wealth very often. Besides, there is a marketplace for transactions, so if someone really needs to send Bitcoin, he can.

Oh and then there is the Lightning network.

>>24305127
how much btc do you have

>>24304785

BTC was invented by the central banks for three reasons, first, to split the anti-fiat community, and cause dissension in our ranks; secondly, to divert capital away from precious metals; thirdly, to prepare the world for CBDCs. It ought to have gone to zero after 2017, but it has been pumped and re-inflated by tether and other stablecoins, just as the stock market has been pumped and re-inflated by Q. E. My reasons for thinking as I do:

1) Tether is widely believed to be responsible for the 2017 crypto pump (its own founder admitted this suspicion to Jordan Belfort https://www.youtube.com/watch?v=Xzpqxqbq0Jg).).

2) Tether now has 10x the mcap that it did during the March crash, when BTC crashed to $4000, and also has a 40 billion per annum printing-rate. The only time when tether was ever audited was 2018, and yet even then it was found to be backed only by “75% cash and cash equivalents.” The truth is, tether is probably “backed” by the very BTC which it is printed out of thin air to buy.

3) BTC volume is only 5% of what it was in 2017, and Google searches for Bitcoin are in the gutter. This shows that retail interest is low, and almost all BTC is going into tether's hands (as DesoGames explains here https://www.youtube.com/watch?v=qzDjJ-SrojY).).

4) BTC is completely worthless as a currency. https://blog.plan99.net/the-resolution-of-the-bitcoin-experiment-dabb30201f7?gi=a80dff4c0636 In 2017, you had $100 fees and 3-day transaction times when sending BTC. Even if the Lightning Network were implemented, only 0.1% of the world population could use BTC.

5) The only way to use BTC as a currency is to go through Blockstream's second-layer solutions (like the LN), which track and trace everything you do. BTC also tracks you forever on a pseudonymous ledger, hence why the BTC Twitter hackers were caught within days of cashing out. Physical gold and silver coins are therefore superior for privacy to BTC.

(1/3)

>>24305503

6) Solutions like BCH are not the answer, since, the larger the block-size, the greater the centralization. To the point where you might as well simply keep your gold in a vault and use a gold-backed crypto instead, because that is no more centralized than what you will inevitably have with something like BCH or BSV. Kinesis (allocated gold on the Blockchain) does everything which BCH claims to do (banking the unbanked, 24/7 transactions, making microtransactions, etc.). https://www.youtube.com/watch?v=5Q9aYYluRA0

7) Satoshi is really Adam Back, the head of Blockstream. https://www.youtube.com/watch?v=XfcvX0P1b5g Blockstream is controlled by the banks and the Bilderberg Group.

8) Bullion banks are bidding up the price of Bitcoin on the futures exchanges at the same time as they are suppressing the price of gold, as Rob Kientz shows. (https://youtu.be/Bq9SblPW-6w))

9) Promotion of BTC in the mainstream media is unrelenting, showing that they completely back it. The MSM, of course, is controlled by the bankers.

(2/3)

>>24305529

10) Russia, China, and the other eastern countries have been accumulating gold to issue gold-backed currencies after the reset, not crypto. They already have enough gold reserves to do this. The eastern countries are where the real production is, so, if they don't take BTC, BTC is good for nothing.

11) Gold-backed currencies in the modern banking system would work with perfect efficiency, whereas no crypto can function as a currency for more than a minuscule fraction of the world population.

12) Money must represent savings, i. e. what is useful for production and industry; otherwise, no country has any reason to take it as an equivalent exchange for their goods and commodities. But crypto stores no intrinsic value. After the reset, then, BTC will go to zero when priced in gold (as Alasdair Macleod says).

13) Crypto has enormous intrinsic disadvantages when compared to gold. If you have gold in a vault, you are protected from the following: Being tortured out of your life-savings within ten minutes; losing them to memory-loss; dementia; a thoughtless mistake when making transactions; a key-logger or other hack; burglary (extremely rare with respect to private vaults); a fire; a hardware failure. BTC also, as I have said, lacks the privacy of gold and silver coins, and is fundamentally unusable as a currency. Whereas digital gold on the Blockchain (Kinesis) or gold-backed currencies in the banking system are perfect as currencies.

(3/3)

>>24305503

>BTC was invented by the central banks

Do you have some evidence?

You had 2years to buy Link retard

Cope with your dinosaur coin. You will not even hit a million unless you have 2

>>24304842
Yeah, the only people listing their shit are the people who bought in this last week. It’s easy to tell who the original posters on this board are. I think honestly believe there are only 150 of us that have been here for some time. The new people are the ones from /pol/. They came after Trump lost and started shitting this place us with autistic cuck shit and gainz threads. They don’t even fit the format of it. It’s embarrassing.

>>24304785
I cannot get job in this country.
Americans make ride to top take long time.
Wake up and panic sell after mcdonald breakfast.
Stop being NEET but American man slow down with fat ass.

>>24305570

>>BTC was invented by the central banks

>Do you have some evidence?

See point 7, >>24305529 watch BarelySociable's video. He proves that Adam Back is Satoshi beyond a reasonable doubt. https://www.youtube.com/watch?v=XfcvX0P1b5g Also, whether or not Adam Back is Satoshi (and I don't think any candid mind can deny it after considering the evidence which BarelySociable provides), it is objectively true that the banks now control BTC by means of Blockstream (because you have to use their second-layers to get through the crippled 1 mb block-size).

>>24305503
You're giving CB's wayy too much credit lol

>>24305892
Adam Back is a cypherpunk whose whole ethos is anti-central banks

>Adam Back is a cypherpunk whose whole ethos is anti-central banks

>>24306106
1. Adam Back is not Satoshi.
2. Tether has been operating without failure as stablecurrency for many years now.
3. BCH is garbage
4. Stock to Flow is real.
5. Bitcoin is going to the fucking moon.

You have been given a once in a lifetime opportunity to invest in the most important technological innovation since the internet and you are going to fuck it up on this stupid bullshit conspiracy.

>>24306049

>Adam Back is a cypherpunk whose whole ethos is anti-central banks

If this was true, Adam Back wouldn't be the head of Blockstream, nor would he have hamstringed the block-size of Bitcoin at 1 mb. Because that has the inevitable end-result of funnelling all traffic into centralized second-layers. Also, as BarelySociable shows, "Satoshi" (the pseudonym) also betrayed the big-block cause himself in his 2015 e-mail, which was not sent from a hacked address or spoofed, and is demonstrably genuine. (See timestamp: https://youtu.be/XfcvX0P1b5g?t=1497).).

>>24305892

>because you have to use their second-layers to get through the crippled 1 mb block-size

That may become true in the future, but not now. I have never used a second layer in 6 years of using BTC.

>>24305503
one of the lowest iq excuses to avoid bitcoin

but keep spamming this, keep fooling those dumb enough to believe your shite, because i'll be buying every fear of every retard, and you will look up to me while i look down on you

>>24306622

Look into this question, starting with Mike Hearn's post "The Resolution of the Bitcoin Experiment." It has been shown that even the Lightning Network couldn't support more than 0.1% of the world population when using BTC as a currency. This is acknowledged by everybody else in the crypto community, e.g. Vitalik Buterin of Ethereum, or Roger Ver and the Bitcoin Cash crowd, and it is why BTC had to change to supporting a "digital gold" narrative.

>>24307014

>"digital gold" narrative.

That is fine with me.

>>24305712
> It's embarassing they don't use the same tired cliches that losers who have spent ten years on here do

What a pathetic thing to try and build an identity around.

>>24307102

The beginning of this comment-chain is the statement that "Adam Back is a cypherpunk whose whole ethos is anti-central banks." If you admit that BTC is trying to be digital gold, only accessible via centralized second-layer solutions, then that's the farthest thing from cypherpunkism.

>>24307282
>only accessible via centralized second-layer solutions,

I disagree.

My analysis was >>24305377

>>24304785
>and it hasn't even started yet.
i like the early adopter meme (even funnier 12 years in)

>>24304785
I REMEMBER YOU

>>24307014

Also, the numbers from that tweet are off. The world does not have 50 billion people and the bitcoin itself, without any layer 2 can provide about 50 million people with one transaction every three months.

>>24304785
That is 3 year old pasta. Good pasta. Tasty, true pasta. But it said Crypto, not Bitcoin. It said crypto for a reason. I love you but don't be a faggot.

>>24305399
not enough

>>24308111
I made the 1 word change because too many nufags

>>24308274
Fair. Wish there was a way to differentiate something like eth from something like mooncoin without changing it much. "Reasonable" cryptos or something. Anyway, cozy anon, thanks.

>>24305503
>>24305529
>>24305558
I agree with this entirely.

The arguments against what you are saying here are extremely weak.

It seems deafeningly obvious to me after hearing all these shills begging for us to hodl and not exit the market and trying to convince us that WEF is right and good and we are all ahead of the curve and doing the right thing that what you are saying is true. There is a concerted effort to funnel people - especially those in fringe communities at risk of pushing back against global CBDCs - that crypto is good.

I legitimately believe Trump admins crackdown on crypto is because they sincerely think that this is a corporate NWO scheme and they are trying to do whatever they can to slow it down and aware people on how they are trading the free market for a few shitcoins.

The more I have invested in cryto and the more time I have spent here, a place heavily compromised by social engineering shills, the more I have come to understand exactly what you are saying is correct but I have never seen it said so concisely.

>>24307282
Since when is Bitcoin only accessible through second layer solutions?
Yes, the narrative is digital gold and gold has been around way before central banks. Civilization was built on a gold standard for many years and society was probably better off for it.

>>24304785
this is bearish thread
you are suppose to post this one year from now aaaaaaaaaaaaa

>>24308544
You people are so fucking stupid it is astonishing.

Why would central banks create the first permissionless, non-seizable, aboslutely-scarce DECENTRALIZED asset that is bitcoin and thereby transfer power and self-sovereignty to the PEOPLE?

JFC. You can lead a horse to water but doesnt mean they will drink it.

Have fun staying poor.

>>24309265
>Why would central banks see the changing tide and create controlled opposition to maintain their position?

What a mystery.

>>24309937

How is bitcoin controlled? The price can be manipulated to a certain degree, as with any other asset on this planet, but not controlled. Let us not mix words.

>>24309937
What controlled opposition? No one controls bitcoin. That is the whole point. Do you understand anything about bitcoin?

>>24304785
is this true even for ARPA? Adam Back jr told me it is, can you please confirm sir

>>24310326
>That is the whole point.
Wrong. That was the whole concept and was the whole point. Now the whole point has changed.

Pay attention to what Satoshi said and understand the role of Blockchain.

Also understand that Bitcoin is a proof of work trial run. If you think that CBDCs aren't coming and won't be based off of the lessons learned and tested theory of Bitcoin then I don't know what else to tell you.

>>24310915

You are just producing random sentences tangential to the main point.

Bitcoin. Is. Not. Controlled.

>>24310915
Please tell me what has changed and how Bitcoin is not the most decentralized, permissionless, non-seizable crypto with the largest network and hashing power?