/biz/ - Business & Finance

>>28121647
patience anon

buyng 1.5 billion worth of Bit coins only pumps the price a few thousands LOL
corecucks BTFO see you at $20k

You do realize to get to 100k you would need a Marketcap of $2,120,000,000,000

Current Marketcap: $802,064,672,786
Money needed to get to 100k : $1,298,000,000,000

>>28122206
that's not how market cap works retard

>>28121647
Normies are just now learning of it

>>28122278
h..how does market cap work anon

>>28121647
Surprised it’s not higher but once Apple and Amazon start loading it will go over $100K

Because whales are about to take a big stinky dump

>>28122206
What’s hilarious about these redditors is that they don’t understand how little 800b is for a decentralized asset.

>>28122488
And then BTC will have a brief sale period before more institutions buy it up and pump it. At this point there's no reason not to believe in $100k EOY.

>>28121647
Cost for using bitcoin for food is still a bit too pricey. Gas fees for both Eth and Btc are shite. And most normies don't have any idea about buying portions of Btc.

Give it time m8

>>28122349
it's trading price times supply.
trading price is relative to how much people are willing to pay, it wouldn't take a literal injection of 1 trillion dollars to increase the market cap by $1T, btc would just have to have an increase in demand that warrants it to be bought and sold at that 100k and the market cap increase would be a reflection of that.

You think if everyone could magically turn their bitcoin into usd and there would be $800bil?

>>28121647
Soon soon

>>28122697
>most normies don't have any idea about buying portions of Btc
This is frustratingly true. Everyone thinks you have to buy a whole 1 BTC at a time. But they'll learn, and the more people learn the more the price will rise. Then just hold out for the next halving and wait to be rolling in it.

>>28121647
We all want to see that guy eat his dick

whale alert shows something like 2000 btc was moved from private wallets to major exchanges in last hour

selloff incoming

>>28122794
Very true. Thank for you for your wisdom

>>28121647
> everyone has their BTC on exchanges. Exchanges loan it out to hedge funds. Hedge funds short by selling borrowed BTC
> every retard has their BTC on DeFi loaning platforms like BlockFi, Celicius, etc. These platforms loan it out to hedge funds. Hedge funds short by selling borrowed BTC

>>28123084
God I hope, so I can accumulate

Because no one worth a damn takes that retarded cult leader manchild seriously

>>28122349
multiplicative of spot price by total supply
if one person buys bitcoin for $100k, the market cap of bitcoin is $2T until another trade happens
more realistically, the liquidity at any moment is far inferior to the market cap. it takes magnitudes less money than any market cap number to get to that market cap number (also means assets can fall just as hard)

>>28122697
Lol it’s true they are literally retarded

Soon young Jedi

>>28123728
Same. If a bunch of whales sell off then I'll be buying at a much better price and it won't stop the corps from being interested so we'll trend upward after all is said and done.

>>28122697
>Cost for using bitcoin for food is still a bit too pricey
are you planing on buying food with bitcoin? do you have any idea what would happen if everyone tried to do their grocery shopping with btc? the mempool would get clogged up for 10000000 years and we'd all starve to death before getting a single bread crumb
bitcoin is not a currency

>>28124237
Lol it's not done per tx. Bidaldi Exists and people can pay for Gift Cards via BTC. Hard part is whoever is exchanging BTC for Gift Cards or Credits will be absorbing tx.

We already saw know how shitty the blockchain is in transferring funds.

>>28122278
I'm cracking up lmaoooo.

Guys, I'm new to BitMex. Pic related. XTC has increased 10% in the pic, so ROE % is showing 30 %, since I have 3x leverage. But then why is is the column "Unrealized PNL" just 0.0005 XBT = 20 USD? This is much less than than my investment 205 USD * 1.30= 266 USD.

Have I really put 205 USD with 3x leverage? If not, how do I do it?

>>28122488
I fucking love 4chan culture and this flavour of posts

>>28125094
and how do you pay for your gift cards?
everyone has to send their btc to the guy with gift cards, otherwise he won't give you the gift cards
getting out of btc when the dollar collapses will be impossible, it will also be impossible to buy things with btc
you will be trapped in btc which is why you need other things as well

>>28123084
TWO THOUSAND BITCOIN?????!!!!!!!!!!

>>28122206
>>28122349
>these are the people calling your altcoins pajeet scams

>>28121918
Musk will now just meme it up like he’s been doing with Doge. Don’t hold your breath bud

>>28122697
that's why you buy LTC, it's cheaper bitcoin for normies, they will ape on to it

>>28122206
Learn math.
Market cap for a $100k Bitcoin would be $1,862,346,800,000

>tesla accepts bitcoin now! 1m EOY!

>>28121647
Because he already bought it when it was cheaper and now hyping people up so there is enough demand do dump it.

>>28127073
fucking finally

>>28122697
Can you explain the benefits of buying a small part of a coin?

>>28121647
Is Tesla hedging their upcoming crash?

>>28122697
Why don't we just start using satoshis instead? Or at least microbitcoins so that it resembles a fiat currency.

Elon already dumped to pay for the clusterfuck that's comming from China. You paid for it.

>>28121647
it will be by the end of the year
everyone is betting on it,all the big names experts financing agencies etc

>>28121647
it got bot pumped at around 9 AM. i was expecting a pump to $50k as more normies checked their phone on their lunch break, etc. honestly surprised at how it didn't happen.

>>28128100
50% of $44k is $22k

>>28122794
this

they've been buying all January, why the price went up...

>>28129182
oh how the tables have turned
>Chinese regulators complaining about quality of burger products

>>28122794
This board doesn't deserve you

44k is major resistance
lines up with the first major correction in June 2017, top of the June 2019 bubble. also the exact half of the diagonal range of all time highs and lows

wtf I cashed out at $40k a few weeks ago because I thought the hype was dead at that point, but then this retard decides to shill bitcoin out of nowhere to keep his hype stock even more hyped up.

>>28127066
>>28121918
since Tesla is public he can't get away with this shit like he does with Dogecoin.

>>28128100
Same idea as buying a 1/10th of a gold bar. Still has value, just not the same as a whole bar. It’s literally as simple as it sounds.

Once tesla accepts bitcoin as payment their car sales will fucking literally explode

>>28121918
if anything that is a great thing for bitcoin
people are always complaining about volatility
well there you go, 1.5bn inflow, price is still stable

>>28121647

The week just started. We'll get there next month.

>>28121647
What did elon mean by this.

>>28121647
Normies have to get their money onto exchanges. It's going to take them a few weeks to figure out how.

>>28127416
Yep good ol' Elon gonna pump and dump.

>>28121918
They bought the buttcorns back in January or even earlier, they only now filed it with the SEC and made it public.

>>28121918
>buyng 1.5 billion worth of Bit coins only pumps the price a few thousands LOL
>corecucks BTFO see you at $20k

Keep telling this yourself while btc climbs to 100k and beyond this year.

Your self-delusion won't make you any less butthurt about selling your bitcoin for cheap though.

>>28123765
>Because no one worth a damn takes that retarded cult leader manchild seriously

Yeah, all the billions-heavy hedgefunds investing in Tesla are idiots, and a forever-poor wagecuck like you is the only smart person in the world, hm?

No wonder your life is a sad, pathetic string of failures with an attitude like that.

It's starting

>>28131056
>Yep good ol' Elon gonna pump and dump.

Except he won't, seething no-coiner ;)

Why would you be stupid enough to exchange bitcoin for worthless fiat?

>>28123545
its true but longterm they have to pay interest in btc. its bullish actually

Weak hands keep selling.

seems to be going up and up

>>28122206
>You do realize to get to 100k you would need a Marketcap of $2,120,000,000,000
>Current Marketcap: $802,064,672,786
>Money needed to get to 100k : $1,298,000,000,000

Where did you earn your Ph.D? the toilet store?

>>28121647
Wait for marscoin.

>>28121647
Why eth is not following!? that's the question

>>28121647
Is now a bad time to buy bitcoin? If not, should I do it through coinbase?

>>28128100
BTC is so huge that you can buy decimals of it. if you look at the thing it's got like to the 10 millionrh decimal so even a few hundred bucks amounts to some value of BTC.

>>28132582
Babbys first bull run

>>28121647
Give it time annon

>>28121647
I hate how much influence he has over shit. He can just drunkenly tweet about something and the sheep flock to buy it up.

>>28121647
give it a few weeks, it'll get there

>>28133022
He's literally the richest dude in the world of course he has power over the masses.

>>28132829
yes. i just bought eth to buy alts and now im stuck with it, gas fees are retarded high.

>>28121647
>Marketcap
fee ceiling and taxes. Why the fuck would you ever change USD into crypto, pay $100 in fee's then pay income tax on top of that?!?!??! That's the most retarded way of losing 5% of your money I can think of.

>>28130874

>>28121647
I'm about to go to sleep.
Should I sell or hold for the next 8 hours, not being able to sell/see the price?

>>28133096
You'd have to be insane to be in alts right now. This coming from someone that hasn't owned btc in 2 years

>>28127073
And dogecoin amiright

>>28133327
they already aped on it, ltc is still not on their radar

>>28128100
Kek this is b8

>>28130407
Because China makes things to spec and burgerland doesn’t give a fuck if it falls apart in two days or gives your baby cancer as long as it’s 99 cents cheaper than the other guy
Fuck this place

>>28130515
Looks like you’re the retard here

Because I brought in. Now btc will crash

>>28123545
hey uh... u got a source for that image... ?

>>28133096
Bitcoin go up, alts go up but less
Bitcoin go down, alts go down
Bitcoin go sideways, alts go up

>>28122794
its trading price times held supply not supply, it's just that for bitcoin the two are equivalent.

>>28121918
He probably bought OTC.

>>28133906
ching chong ching chong indeed

Grayscale have been buying almost 30B worth and you expect 1.5B to almost triple the price?

>>28129182
>chinks ranting about qur quality of your cars
holy shit Tesla sucks

>>28121647
>how is btc not at 100k now?
because chads are busy comfily staking LTO

>>28121647
Literally wait 1 month

>>28130515
So put it back in.

>Meanwhile, enterprise software company MicroStrategy did more of a cannonball. The company's CEO, Michael Saylor, describes himself as a bitcoin evangelist.
>Last year he took pretty much all of the company's cash and put it into Bitcoin. Then he borrowed even more money and put that into Bitcoin, too.
>"People that didn't like Bitcoin, they thought we were crazy," he says. "But the people that like Bitcoin thought that was brilliant, and the shareholders liked it."

Eventually there will be 2 types of companies. Ones capitalized under deflationary digital assets, ones capitalized in a steadily depreciating currency.