/biz/ - Business & Finance

>>25440902
HELLO
coming from r/crypto. Am I doing this right?
Testing...

>>25440902
No, but btc dominance will hit 80-84% first and altcoin dominance won’t go as low next time as those funds and boomers buying bitcoin aren’t gonna be on binance trading them for shitcoins, we won’t cross below 50% btc dominance ever again

>>25440955
Don’t forget to post with your name

>>25440955
Maxis are retarded if they dont think it will pump to alts soon.

Alts are about to moon. They are just delayed.

>>25440980
It won’t. Enjoy your -90% satoshi loss in the last Bitcoin bull run where an average man can make life changing money

I expect XRP to consume half the market cap once the SEC bullshit FUD is over with. Most likely sharing it or overtaking bitcoin.

>>25441039
Sell signal comment right here

>>25440955
???

>>25440974
I agree however I would to differ something. I think it will only apply to "real shitcoins". Alts like ETH, LINK, LTC will explode the same way.

>>25441006
It actually looks like bitcoin in November 2020. So this means alt will follow up on Feb/Mar 2021... same as 2017.. Just a thought.

>>25441041
USA wont even be able to buy. I dont think it will explode the same.

>>25440902
Our definition of altseason will change from
"alts outperforming BTC" to
"alts going up in USD"
The former will never happen again. The BTC dominance is slowly going back to 90% as the market is becoming more and more rational.
But there will be periods where altcoins go up in USD.

>>25440980
You need Bitcoin to crab. If Bitcoin corrects downwards, you get to have the privilege of 2x, 3x and beyond that correction.

If it crabs, you have the privilege of trying to pick pump and dumps that rise and fall on pure speculation. Where 90+% of them see 90+% of their value lost, or they disappear forever. Simply check market cap historical charts.

Have fun with altseason.

>>25440902
people realized that the number of altcoins is endless and the scammers are legion.
so they don1t really have any value aside from a quick p&d

>>25441463

>> BTC
>> Rational

>>25441463

How is BTC rational?

It's just a speculative old and slow store of value. There are much better use cases.

>>25441770
>There are much better use cases.
not for me or most people apparently

>>25441143
>It actually looks like bitcoin in November 2020. So this means alt will follow up on Feb/Mar 2021... same as 2017.. Just a thought.
it is known

>>25441770
Why do you need a store of value transfer to happen faster than 10 minutes? Shouldn't you be more worried about the security of said transfer? Also, third parties/2nd layer. This is why BCH has been decimated. No one is using Bitcoin on the blockchain as a fucking currency. They're using it as a savings account.

>>25441851
>Also, third parties/2nd layer.
yes, for a reasonable fee. it's the same system. BTC is a boomer stock now.

>>25441730
>>25441770
How new are you? Digital gold is the only use case of blockchain. And Bitcoin doesn't need to be fast and cheap to be the best store of value that humanity has ever seen.
Smart contracts, DeFi and whatever other use cases the altcoin scammers are trying to sell are just hot air and with each passing day the market realizes that more and more.

As a side note, see NXT in the picture? That was Sergey's old project before he founded Chainlink.
What happened? He dumped and moved on, because thats the optimal game theory for cryptocurrency founders. And now is he dumping Link on your heads.

>>25441123
Like you even hold Bitcoin in the first place newfag shitcoiner

S

>>25441888
so sorry that bitcoin is not revolutionary or volatile enough for you my shitcoiner friend

>>25441952
This right here makes sense. Basically all those alt coins like this will disappear

>>25440902
>He hasn't even watched altcoins and says they haven't "exploded"
There's like 10 alts and shitcoins that have gained +30% or higher gains in the last week and some of them are ongoing. What... you think every single coin is going to moon 400% when BTC gains 20%?

>>25440955

>>25441952
Bitcoin is peak cuckoldry. To actually use it you need to custody it with someone else. Want yield? Custody it with Blockfi. Want to trade it? Custody it with a CEX. In Ethereum I can replace most banking functions trustlessly, fulfilling the entire original point of Bitcoin.

>>25441888
What fees? Enough with the boomer shit, that argument is fucking inept. Whatever coin you're holding, it's never going to take off, ever. Get over it.

>>25442131
Lol. Some wrapped coin running on ETH isn't trustless you retard.

>>25440902
>We just surpassed the total market capitalization and altcoins have not exploded

>Did the BTC maximalists win?

>>25441770
>There are much better use cases.
First mover advantage and more people using it = better store of value, currency.

>>25440902
Do you fags actually think anything besides bitcoin will ever succeed? If bitcoin fails, or even loses the #1 spot, I think this whole experiment is over.

>>25441952
IBM mainframes were more expensive up front than competitors... But they used less electricity, so the cost over time was less. BTC takes a shit ton of electricity, why is a crypto that uses way less electricity not going to win out in 10 years?

>>25442361
>Do you fags actually think anything besides bitcoin will ever succeed?

No.

>If bitcoin fails, or even loses the #1 spot, I think this whole experiment is over.

Exactly.

>>25442131
>>25442131
With Ethereum you are still trusting centralized oracles and centralized issuers of tokens like WBTC, RENBTC, USDC
50% of the collateral that backs DAI is centralized and it depends on. centralized oracles.
If you trade ETH against scamtokens on a DEX, you're trusting the scamtoken not to rug.
The only trustless thing you can do with ETH is hold it in cold storage, same as BTC.

>>25442361
>anything besides bitcoin will ever succeed
The only thing that will exist besides Bitcoin are stablecoins issued by central banks or megacoorps like Facebook's Diem.
>If bitcoin fails, or even loses the #1 spot, I think this whole experiment is over.
Back in march this looked like a possiblity, but now with this extreme amounts of institutional interest we're seeing it seems BTC can't fail at this point.

>>25442380
There is no alternative to proof of work.
https://bitcoin.stackexchange.com/questions/95356/why-doesnt-bitcoin-migrate-to-proof-of-stake

>>25440955
You have to go back

>>25442527
I hold ETH in cold storage as a hedge against POW. I don't trust any of the smart contract, staking, or scamtoken shit though, for good reason. There's an average of 1 multimillion hack/rug every week.

>>25442750
Also there's hundreds/thousands of scamtokens since 2017. Even if they don't hack/rug, every single one of them (except the wrapped BTC tokens) slowly bleeds out on the BTC ratio eventually.

>>25440955
LEAVE WHILE YOU STILL CAN

>>25441770
You're not wrong but it's decent diversity, personally I have much more money in physical silver and pm miners. These three are the only safe bets anymore imo, and silver and miners are a bargain whereas bitcoin is arguably a bargain.