/biz/ - Business & Finance

>>24937048
>that thumbnail
crypto youtube is a cesspool of grifters that get clicks off hopium. none of them could even explain what P2PKH (Pay To Pubkey Hash) is if their life depended on it.

>>24937048
He's starting to get nervous

>>24937156
>He's starting to get nervous
He always sounds like that; he's autistic as fuck.
>>24937131
>crypto youtube is a cesspool of grifters that get clicks off hopium. none of them could even explain what P2PKH (Pay To Pubkey Hash) is if their life depended on it.
yeah, but Michael Saylor is always cool.

based /ourguy/

>>24937131
And neither can most of biz. This place is filled with shills hoping to find new bagholders. The enthusiasm for a mooning coin is so evident of people who hope to sleep their way to a fortune, it is sickening.

>>24937711
>This place is filled with shills hoping to find new bagholders
That's every industry/market on earth, actually. You are not so profound.

>>24937758
You mean to tell me not every TESLA stock buyer is informed about the fundamentals and the company's future?

>>24937966
>You mean to tell me not every TESLA stock buyer is informed about the fundamentals and the company's future?
No, only the best finance grads buy Tesla. Everyone knows that.

>>24937156
Fucking retard is going to have to continuously borrow to buy btc and prop up his position. He's so fucked.

>>24938796
Not at all. BTC is the best performing asset available. Nothing better he could put his money in.

>>24937048
Wouldn't shilling Bitcoin this hard in the media make people think that it's a scam? Wouldn't it make it more appealing if nobody talked about it like it was some big secret?

>>24938857
>Wouldn't shilling Bitcoin this hard in the media make people think that it's a scam? Wouldn't it make it more appealing if nobody talked about it like it was some big secret?
Use normies as a barometer: very few are even talking about it. So: no.

This guy is going to have a mental breakdown within the next year and I can't wait

>>24937214
Saylor is an engineer

>>24939334
>>24940033
Saylor is based for doing this and making it so public. If BTC moons he will forever write his name in the stars, if it fails he’ll still be rich. Intelligent worthehile risk-takers make money. Simple as.

>>24941023

He's literally having a manic episode and people keep egging him on. This won't end well

>>24938857
It unironically got me to buy in, because this dude just oozes bullishness but has the intellect and credentials to back it up.

>>24937131
that's easy enough but 99% inbxrypto fail to grasp segwit let alone taproot

>>24940033
>Saylor is an engineer
No shit, genius. His patents have thousands of citations on Scholar.
>>24941429
>He's literally having a manic episode and people keep egging him on. This won't end well
No, he isn't. You have no way to accurately infer that is the case nor do you have the training or competency to make that call.

>>24941429
you do know that he is holding for about 10 yrs right?

>>24941510
>you do know that he is holding for about 10 yrs right?
No he started buying this year. $800,000,000 so far.

>>24941558
I think he meant Saylor plans to hold for ten years.

>>24941573
That is his stated minimum, for it to be worthwhile.

>>24937131
>>24937711
Uh.. My guess is a raw public key? I was a dev for multiple crypto project, ported many android wallets and even I forget these insignificant details that no one uses

>>24938857
To add to that: i told my mom who is super conservative money wise, and she got scared lol. She thinks the guy is nuts.

>>24942254
>To add to that: i told my mom who is super conservative money wise, and she got scared lol. She thinks the guy is nuts
His balls are the size of the titanic but he has the IQ to back it up. Women can't possibly understand this kind of thinking.
Very bullish.

>>24942254
On another note, your mom is not that money wise. If you held BTC instead of fiat over the last 10 years, you'd be tens of thousands of times better off than if you had held fiat (source: >>24938853
). Fiat you're losing each year, more than 2% because they don't calculate inflation properly. People are only afraid of BTC because they don't understand.They like losing money with fiat because everyone else is doing it.
Basically, Saylor is a genius and your mother doesn't know shit.

we are still early

>>24942618
it's insane how early we are

>>24937048
There is no way he will not corrupt the tether rugpull court.

I had a dream , saw Bitcoin at 26K EOY

>>24941488
>You have no way to accurately infer that is the case nor do you have the training or competency to make that call.

I've seen it before. This will not end well, and a lot of people will get burned.

>>24942293
>he has the IQ to back it up
Literally runs a business intelligence software shop.

>>24942879
Check the dataset. >>24938853
There is nothing better he could put his money in. You're a fucking sheep with PTSD from the 2K17 crash. In fact, if he put his $800,000,000 in fiat, no one blink an eye and neither would you. Only proves just how dumb everyone is. Saylor is so far ahead of anyone that he's already in 2025.

>>24943022
>Literally runs a business intelligence software shop.
You realize he engineers all of that? Check the patents on Scholar (MJ SAYLOR). The first patent alone has over 600 citations.

>>24942458
You dont have to convince me dude, convince her. She is afraid of even putting 1500 bucks into some Msci World ESG lamo fund.
I dont have a big networth, 24, only started investing this last year (October 2019) and am now averaging 20% on all my investments.
Net worth is around 40k (34 k in Eur) and 6 k of that in BTC. (Sorry Linkies, I only hold the king).

>>24943083
>You realize he engineers all of that?
Yes, and his company has been in business for a long time. I used to work for a company that competed with Microstrategy 20 years ago. Our CEO was also a billionaire who held most of the core patents for our stuff too. He's a smart guy.

>>24943117
>(34 k in Eur
Why would you hold fiat? Just put in gold or silver if you're too scared of BTC.

>>24943166
You misunderstood me anon. I meant to say that I think in terms of Euro because I am german.
In USD my networth would be ~40k or probably even more by now, seeing as you guys just keep pumping the money supply.
I only hold 900 Euro on my Bank account and am completely invested otherwise. 15% BTC, 25% SQ and so on. I will defenitely streamline some of my picks next year, I have fallen for the diversification maymay and it has to stop! Diversification is good but I dont want to spread out my positions to utter trash like KO and MCD (which I also hate as corporations, but I bought them when they were cheap as an alternative to ARKK (which is not sold in Germany)

>>24943036

You seem desperate

>>24943537
You seem like a desperate Bobo who is scared of a new world order in which he will be liquidated the second he goes short x10

>>24943537
You seem to be projecting, /r/buttcoiner.

>>24943277
Ahh, okay.
I have 50/50 bullion/BTC.
t. Australian.
>>24943537
You're a moron. Not being mean, it's just the truth.

>>24937048
This guy is a total normie that lucked into money in the dot com lottery.
With microstrategy's 1 billion into btc it's over half of all known institutional buys. He's responsible for btc breaking ath and for most of growth since September.
Once he runs out of borrowed money pump ends.

>>24943639
Here is the math:
Real rate of inflation is 15%. If Saylor holds fiat for four years, his fiat loses 60% of its value, making holding fiat for four years the same as a BTC crash. But BTC generates more wealth than it loses, 2K17 included.
Ergo, people are scared of BTC because they don't understand it which is what Saylor keeps saying. He must feel like he's preaching to apes at this point.

>>24943670
6 Billion on 2020 have come from institutions.

>>24943670
>This guy is a total normie that lucked into money in the dot com lottery.
You don't understand what a normie is. By definition it is someome who is psychologically normal. As Saylor is quite clearly on the spectrum (and has has no children or marriage) he is quite clearly not on the spectrum. >>24943670
>Once he runs out of borrowed money pump ends.
LEL

>>24943770
>quite clearly not on the spectrum
correction: quite clearly not a normie.

>>24943770
And by the way
And let me tell you

>>24943859
>And by the way
>And let me tell you
What is the problem, did your code malfunction?

>>24937131
Hey man, I gotta get my daily dose of hopium somewhere
That's why I follow altcoin daily

>>24937048
I rarely come on /biz/ anymore. What's the consensus on this guy? Personally I think he's the Peter Schiff of BTC but more retarded

>>24943117
Newfag

>>24943978
>What's the consensus on this guy?
Fucking based/retard.
>>24943978
>Personally I think he's the Peter Schiff of BTC but more retarded
Pretty poor comparison: Schiff sells gold for a living, Saylor is an engineer and CEO.

>>24943983
Newfag on biz, been on 4chan for 7 years now, but of course to a polditor like you thats still "new" right.

>>24937048
Imagine thinking its still early on when bitcoin is this overpriced.

>>24944181
>overpriced.
That is the word they used at 10K. Cute.

>>24944156
>"new"
You're new unless you've been on the chans for 20 years.

>>24944202
Imagine thinking 10k isn't still massively overpriced.

>>24944154
Schiff is also a CEO and they both shill their respective bags by saying retarded shit all the time.
Also, I don't know why bring up that he's an engineer. Engineers just have expertise in one thing and that's engineering, it has to do fuck all with investing and finance. The fact Saylor went into debt to buy more BTC just shows he should stick with whatever tech bullshit he does

>>24944270
I'd rather go by maths and statistics than what some smooth brain like you "thinks".

>>24944318
>Engineers just have expertise in one thing and that's engineering, it has to do fuck all with investing and finance.
He also has a degree that dealt with the history of technology and technological revolutions, so he should be an expert at identifying them (he is, The Mobile Wave, his book, contains very accurate technological predictions).
>the fact Saylor went into debt to buy more BTC just shows he should stick with whatever tech bullshit he does
Or maybe his ultra high IQ just allows him to see what is coming.

>>24944318
>whatever tech bullshit he does
He does business intelligence software. He has business expertise as well as tech expertise. To be fair, he pumped his company's stock price during the tech bubble with sketchy accounting and that was probably the trigger that popped it, so hopefully history doesn't repeat.

>>24944433
I'm not investing in his business, but the points he makes about BTC in general, I fundamentally agree with.

>>24944270
You remind me of autist engineers who think they see some irrelevant technical flaw in BTC which means it should be worth $0. Because they have no understanding of marketing or economics.

i've been partaking in the btc fud threads the past few nights, but coming across the literal first bitcoin miner's post got me thinking, maybe i'm wrong on my convictions, and that is alright in a price perspective. but how bout bitcoins adoption? where does it still stand?

well if we come to the conclusion bitcoin can only exist as a store of value and not a currency, then it is money, clearly. but it can not replace gold. any diligent investor would have held to their grave the adage "history has repeated itself". if bitcoin has successfully replaced gold as a store of value, you must understand this exists in a colosseum, where then bitcoin can equally be battled. understand that if bitcoin replaced gold, something will replace bitcoin. this is why bitcoin must exist in its own right, itself, in hal finneys words, digital money, a digital crypto backed commodity.

now this brings us to current upheld facts. gold would still then be the most decentralized form of money in the world. if the us dollar is the most decentralized and criminal used currency, gold would be okay in this regard. bitcoin can not be more decentralized than gold. the governments hold all the power, they can control all their electricity, they can conjure armies to steal any electricity. miners would only be dealing with their governments, as any honest business person must.

what every bitcoiner must then be comfortable with going forward is their current of centralization. instead of saying "ew" at every moment it has come up, they have to see the benefits of why it is needed for their new form of money. then, the people who truly would like their own privacy and hedge to their governments would hold gold, as they formally do now. so in theory, yes bitcoin is digital gold, and yes it can easily be controlled this time. the banks wont miss their chance controlling all the gold like they missed 5000 years ago.

>>24944898
also if one government has said before for all its citizens to hand in their physical gold, whos to say it won't happen again in the form of digital gold?

>>24938853
>BTC is the best performing asset available
No, it was the best performing asset available. Back when it was a good thing to buy he said it wasn't worth buying. Now that it is shit, he is buying it.

>>24943726

>>24944898
>if bitcoin has successfully replaced gold as a store of value, you must understand this exists in a colosseum, where then bitcoin can equally be battled.
This is likely what will happen. Bitcoin will flip gold and something else (Eth, Dot, Ada, etc.) will flip Bitcoin. What will give the imprimatur of global store of value to the eventual winner will be nation-state adoption manifested as the winner becomes the value backing CBDC's.

>>24944948
>No, it was the best performing asset available. Back when it was a good thing to buy he said it wasn't worth buying. Now that it is shit, he is buying it.
That isn't what the data says.
>>>24944950
You wasted 15 minutes of your life making that illegible mess.

>>24945030
Sorry, the data does say that.

>>24945021
well if that was the case, which i dont think i've specified enough, gold is gold, bitcoin is bitcoin. you might see banks and governments stating "bitcoin the new form of gold" at its unprecedented all time highs, maybe upwards near a million if it must, then we can see a shakeout of hands right into the banks hands. this works because people are so stupid and believe what other people tell them, if they say bitcoin is gold, they mean it. but if that exactly was the plan you'd still have people holding gold because it is exactly a form of decentralized money and private in this regard, at that point we'd have to be asking ourselves, can monero replace gold?

also people would be encouraged to not buy bitcoin if their bank says they are bitcoin backed and gamble on their shit coins like they always do

>>24945113
>Sorry, the data does say that.
Let us wait till the 1st of January 2021 and we'll cook up another sheet, aye. I reckon it'd be BTC with >600% growth. Gonna be the same for 2021, too.

>>24945113
>80% share of the highest return category
>sorry bro BTC is shit there are heaps of other things that outperform it, just look at the data

>>24945415
>>24945513
BTC was the top performing asset, but that is no longer true. If Saylor had bought it in 2013 instead of bashing it, he'd have made billions. Instead he's gambling like degenerate retard.

>>24937048
hes not wrong.

95% of people just know *I like muh muhney"

>>24945565
Hasn't he already doubled his first investment?

>>24943899
You dont have the tism. Saylor uses these framing terms constantly in his interviews. Obviously showing tism tendencies with his obsessive language use. I thought everyone had noticed it. Hence my attempted jab. Up your pattern recognition game.

>>24945708
>You dont have the tism
I actually am on the spectrum.
>bviously showing tism tendencies with his obsessive language use. I thought everyone had noticed it. Hence my attempted jab. Up your pattern recognition game.
I've been saying that he has autism throughout this entire thread, you utter sperg. FFS!!!!!!!!!!!!
>>24945565
>BTC was the top performing asset, but that is no longer true
That data analysis includes the top performers from 2011 till now. There isn't anything beating BTC. Nothing.

>>24945647
That's not how accounting works. He's now stuck in a cycle of borrowing to pump his position. If he stops now then the price will fall through his dollar price average. Like I said, he'd have made billions if he would have bought in 2013 but he's too late now.

>>24937048
Wait until he makes the call for institutions to buy DMG / use DMM for mTokens.

>>24945747
Im agreeing with you, you turnip. Re read our interaction. I retorted to your assertion that saylor is on the spectrum with a layered jab, highlighting his spectrum tendencies. You didnt understand the jab, because it was pretty vague. You misinterpreted my explanation.

Can you faggots put your dicks away? You're literally arguing over who is the most autistic.