/biz/ - Business & Finance

>>2774238
>t. doesn't understand the blockchain

>>2774238
crypto is not a bubble, it's a scam

>>2774268
>t. also doesn't understand the blockchain

>>2774247
>>2774271
How's your Blockfolio holding up m8?

>>2774238
>comparing a stock market to a single crypto currency

fiat money is a scam, buy cryptocoins or die poor

>>2774247
>>2774271
Are you implying you do? Your arguments are literally ''nuh uh''

>>2774271
it was a joke you neckbeard

>>2774324
It is a scam though, and a classic one at that. Literally tulip bulbs.
>inb4 you don't understand horticulture

>>2774285
yeah I don't have Blockfolio

but, get this

I have been staking this one coin for the past few months

insane annual interest, dude

like.......it's stupid

and

get this

and it compounds about every week

it's up about 8 times what I bought in for

fucking ridiculous

also, I'm one of the few on /biz/ that actually know how to daytrade

I shoot for just 5% once a day

.......but there have been days, like today, where the % just makes me wanna throw up

the butterflies in my stomach keep me up at night

I'm doing just fine

really

really really

>>2774238
Because of the relative market cap.

The NASDAQ cap is fucking huge. Enormous.

With BTC, it didn't grow 1500% in less than a year. It grew like 200%. Still big, but not too unusual for highly disruptive technology.

>>2774322
I do understand the blockchain. Yeah, you can go read all about it.

>>2774347
Good luck man.

>>2774339
Tulip bulbs was a speculative bubble that quickly burst, it wasn't a scam you fucking retard

>>2774238
Crypto isn't stock. It's currency. All currency looks sketchy before mass adoption.

This currency has some things unprecedented about it, besides the obvious... namely that types of it are proliferating faster than it can be adopted by the masses. This adds an extra layer of volatility while simultaneously, paradoxically, almost ensuring successful evolution in the market. Blind-throw a million darts, one of them will land. Hell, a few will at least.


Cryptocurrency is here to stay, but the current investment generation are stakeholders. For all we know a shitcoin could suddenly get a reputable dev team behind it and outstrip something with more renown.

This is the volatile generation. It is when the universe is seconds old, and full of superheated plasma, dashing here and there.

Soon things will cool and stabilize.
By "soon" I mean 10-15 years

>>2774372
Ok, say I agree with you that tulips were in a speculative bubble as opposed to a scam. How are cryptocurrencies not in a speculative bubble?

>>2774439
tulips are not a limited/scarce resource that can be traded to the other side of the world instantaneously, with a verifiable system of trust to each transaction. tulips also decay and lose value rather quickly. they are colorful though.

>>2774568
At that time and place they were extremely scarce and limited. I notice you didn't address my question.

>>2774316
Why does everything look so fucked with under Obama?

>>2774353
are you aware that crypto =/= blockchain?

these coins are useless, aside from a few that the community hates, like XRP. One of the only ones with a direct use case that isn't just some "btc world currency 2020" retard delusion

Each country is likely to make their own crypto. 100% traceable. No more embezzlement, everyone can see where the funds go.

Blockchain itself? That shit is 100% the future. PTOY, for example, is completely fucking useless as a token and investment but the blockchain idea behind it is solid.

>>2774598
We are in a speculative bubble right now
Doesn't mean that it cant grow even larger if more money flows into the market (not looking likely atm)
I'm not delusional I believe there's more dips coming
But I do think some of these coins have a real future use so I'll essentially bet what I can afford

>>2774717
bc Obama was (((their))) lapdog

>>2774717
Need I really post this?