/biz/ - Business & Finance

>>28183815
>nooooooooooooo you can't get rich by buying magical internet money stoooop

>>28183815
>REEEEEEEEE STOP GETTING RICH I DIDNT BUY IN I THOUGHT IT WAS A SCAAAMMM

>>28183815
haha line go weeeeeeeee

>>28183866
>>28184004
>>28184049
No argument

>>28183815
Cheers!

>12years.
>No successful real world use.
Crypto ngmi.

>>28184146
here's an argument for your normalfag ass: nobody here actually holds bitcoin, nor do we keep our money on centralized exchanges
you're about 5 years late to this thing. catch up. and i don't mean "buy"

What a stupid fucking thing to say, OP. There are literally bitcoin millionaires. Probably dogecoin millionaires at this point too. Yeah, it's probably not a good long-term investment, but to act like it's not making a lot of investors a lot of money is just foolish.
People were saying this shit about bitcoin in 2014 too. And then it shot up and all of them were just sitting there, looking like assholes, with no gains.

Gas fees are a fucking scam

>>28183815
Hmmm, a nocoiner, i see

>>28184275
So?
Investors can make a tons of money with garbage like BAO and SHIBA if they time it right.
Bitconnect used to have "value" and that was just a massive ponzie.
Just because an "asset" holds value at some point doesn't mean it's not a scam.
Bitcoin is no different to all the others, except instead of a bunch of pajeets holding all the cards it's a bunch of rich assholes trying to fuck everyone instead.

>>28184275
this, crypto is useless and makes zero sense but the number of retards who will pump it is so great that there is no reason to not think that it will just keep going up

>>28183815
I knew about BTC back in 2010. All my libtard friends warned me away from it. They told me it was a waste of electricity. They said it was a scam, that it would never go anywhere. They said it was used only for illegal, off-the-books transactions without any government oversight, and that by using it, I would be seen as latently criminal and probably put on some sort of list. They told me only lolbertarians would ever want to stop using perfectly good gubmint fiat money and use fake internet blockchain money.
I wish I could rip out their intestines and strangle you with them.

>>28184841
give up, gold is more or less useless to and yet it makes gains

>>28183815
He's (>>28184268) right you know

>>28185073
You too anon? same. Better late then never though. Maybe even a better time to get in.

>>28185094
Gold is a real thing and has had real world use for thousands of years.
Crypto is a bunch of numbers, has no real world use and it never will, cope harder faggot.

Value is fake, retard. All money is made up

>>28183815
Are you mad because you’re missing out? Since when does it matter how you get rich? We’re not harming anyone, this is just pure envy.

>>28185284
>real world use for thousands of years
if it was evalueated at it's real world use the price would be way smaller, like at least 10 times smaller if not less

>>28183815
Good morning Peter.

>>28183815
things with real value like what? stocks?

>>28183815

ok boomer

>>28183815
Oh man I love coinlet cope, makes me feel warm inside.

>>28185073
>2010
>tell friends about bitcoin
>"lol dude so how is it money?"
>"sounds like a ponzi scheme"
>"what good is it if you can't spend it anywhere?"
>"idkwtf you mean by mining i thought you said this was on computers?"
>"ok retard have fun buying monopoly money faggit lol"
>same friends a couple years later after the first pump
>"told you it was fake money, aren't you glad you didn't buy into this shit when it was $200?"
I hate myself so much for thinking I was the dumb one all these years.

>>28185284
>bunch of numbers
like your bank account?
>no real world use
divisible, transferable, unforgeable, low s2f. Its perfect as a store of value. shells, tulips, gold, fiat btfo

Yeah, so?

>>28183815
This but unironically.
But the truth is, none of this matters. What matters is volatility and profiting from it.
The only people who will get fucked eventually are poor hodlers.

>>28185813
anon if you bought bitcoin in 2010 you wouldn't be post on a mongolian horse milk ponzi mlm forum

>>28185972
literally any other shitcoin can do it
hell i can just copy the freely available code and make my own bitcoin, with the same exact code

>been on this site since 2011
>only really learned about Bitcoin in 2019
I don't know how I managed that, although I did specifically ignore the 2017 bullrun because I knew I'd just lose money
damn knowing about it since 2010 must fucking suck

>>28186250
Thats not quite true. If you would copy the bitcoin protokoll and run your own chain you would have 100% hash power. As bitcoin is susceptible to 51% attack your chain would be worthless, as the value proposition of 'unforgeable, hard to come by' would not be fulfilled by your chain.
And its the same problem for most altcoins. The smaller a coin is, the easier it is for the core developers to hardfork and influence supply (e.g mining rewards). Thats why for example the eth hardfork after the dao incident was such a big deal.
Anyway I am not arguing for bitcoin. I am arguing for crypto vs other stores of value.

>>28183815

Don't worry op I'll sell at 2029 and take profits, smart move right? Its that easy.

>>28183815
What coin did you get burned by, anon?

>>28186116
I didn't buy any bitcoin back then because I thought I was the dumb one for thinking it would be a good investment.
Turns out I was just dumb not to follow my own instinct.

>>28183815
Nice story but doesn't apply to me since I don't put all my eggs in one basket.

>>28186629
i can do it and then shill it on the internet allowing other people to mine it, just like satoshi did
of course i would first mine 1 million for myself ;)

>>28185972
>like your bank account?
My bank account is just a digitalised version of my physical money.

>divisible
Not needed.

>transferable
Just like fiat

>unforgeable
Not my problem. Plus it has other security risks associated with it.

>>28183815
>$40 transaction fee

yep, totally usable. I'm not going to use my Visa because it gives me 2% cash back, I'm going to pay a 50% transaction fee to buy a cup of coffee because..........? No one uses crypto as a currency because only retards would pay a fee to spend your money.

So you are mad because a celebrity is going to pump a coin. You are so certain of this occurring, that it emotionally affects you in a negative way. Why not turn this energy to your benefit, and long that coin? Isn't that a better use of your time and energy?

>>28186810
Yeah ok it may be true that you could scam a few people into using a chain that has no UVP. What I am saying is that larger chains, and especially bitcoin, do offer true value and as such are not a scam. Quite the contrary, what is a scam is fiat,

>>28183815
Of course they have no value, bitcoin is good for buying drugs online but that's about it. It's really just a big pump and dump that we're all investing in to make work, at the end of the day someone has to lose, our job has always been to avoid dumps and get rich.

>>28187237
why would i scam them? where is the scam if i do exactly what satoshi did?

>>28183815

>>28183815
>>28187371
raging salty midwit, go ahead and upload a video rant of you going off emotionally for the sake of other's entertainment.. .Hell will freeze over before 100 IQ normans ever humble themselves in admitting they are ignorant fucktards bumbling in the dark... At least avoid spamming your drooling common place delusions somewhere other than /r/buttcoin.

>>28185284

>>28187237
even better i could start shilling it as soon as i create it and don't pre-mine 1 million coins

>>28186818
You may be right, you dont need divisibility, transferability and unforgeability or at least not anymore than what fiat already offers you.
For other people that may be different.
But lets go to the last attribute I mentioned: hard to come by. Fiat gets printed as fast as possible. Any central bank can immediately increase money supply thousandfold. This happened many times in human history, for example during pretty much every war and is currently happening because of the trade war between china, america and europe. Whats your argument against that?

>>28186958
https://www.forbes.com/sites/billybambrough/2021/02/03/visa-reveals-bitcoin-and-crypto-banking-roadmap-amid-race-to-reach-network-of-70-million/amp/
seethe

>>28184146
No one gives a shit. Kill yourself

>>28187398
Bitcoin offered a UVP versus fiat or gold.
Your chain would offer no UVP versus bitcoin. Yes you could shill your chain and maybe get a few people to buy into it, but as you offer no value compared to any other crypto I would call that a scam. You offer nothing, and talk people into buying your worthless bags.Thats pretty much a textbook definition of a scam.

>>28185210
If I’d bought bitcoin with the $2000 from my internship, that investment would be worth over one billion dollars today.

>>28183815
Thanks sold 100k

>>28183815
The entire modern economic system is a scam. Choose which hill you want to die on, that's all you get to do-- and it's probably a choice you won't be able to make in the very near future.

>>28188053
>Your chain would offer no UVP versus bitcoin.
it's cheaper and i wouldn't be selling my bags since i wouldn't even pre-mint it like satoshi

>>28183815
It seems the no-coiner is getting perturbed by the $40k elephant in the room.

>>28185619
Like property.
People need places to live so through rent I'm guaranteed to make money on my investment.
I don't own bitbeans and doggy coins because we don't need them and we never will.

>>28183815
You had 12 years. Stop being so assmad you dumb faggot.

>>28188334
I'm sorry m8, you seem like you argue in good faith but I just cant explain it any better why its not going to work. You cant repeat invention, not with bitcoin and not with the wheel. You cant jump the same river twice. Maybe honestly just try it, then you will see whats up.

>>28185073
>I knew about BTC back in 2010.
Same bro. I saw the /g/ threads. I loved the decentralized, mathematically secure currency. And yet, I didn't buy. I was pretty poor and couldn't really even spare a $5.
My cope, for the fact that I didn't buy, is that I would've sold at any amount - $100 each, $1000 each, and especially $10000 each. So that's why I don't feel too bad.

>>28187750
When will this guy stop embarrassing himself?
Is he addicted to public humiliation?

>>28188558
what do you mean that you can't repeat invention?
so if someone makes a car, and i make the same exact car with the same exact components but cheaper why wouldn't people buy it?

>GME IS A REDDIT SCAM
>take one look at the catalog
>BUY #HOGE ACTUALLY BY #SHIB

>>28183815
we will take your ((financial institutions)) apart piece by piece roachchild

>>28183815
I'm pissed at the pump too. Set stop losses and ride the waves. Just don't buy and you'll be fine

>>28183815
I agree with you. Every single coin shilled on biz is already pre-pumped to 2000%. Some might say it's about staying ahead of the curve, doing research, and investing in projects that have not been discovered yet. This is of course a bunch of bullshit. Want to know how some people are consistently "discovering" new x100's? A dev gets together a t*legram group to shill his project that is copied directly off github. The group members come up with a cute animal or food mascot and make a bunch of pepe/wojak memes. Dev sells ICOs to shills. Shills promote the project on social media. Normies pump the coin, shills/dev pull the rug. Rinse and repeat.

That is pretty much the recipe for creating a successful defi startup.

>>28188872
Because a car may offer the same value as another car, but one of your coins does not offer the same value as one bitcoin. In fact, its not about the number of coins you own. Forget the coins now and think about it this way: I want to store the value of 10$. In bitcoin its stored pretty secure and easily accessable. In your chain its not very secure because of low hashrate. So why would I ever put my 10$ into your chain when it offers no benefit versus btc? I could place my 10$ into monero and get anonymity. Or into IOTA and get free and fast transactions. Or into ethereum and use it to run contracts. They all offer something unique. Not a single altcoin is a carbon copy of bitcoin, because it makes no sense. You cant make money with this except by scaming people.

>>28189222
You didn’t need to type all that to say ‘I agree with you’

>>28184268
true
so many newfags like this >>28189546
in this thread. Gonna skip biz for a few months and do my own thing.
Too many freddit retards make this place uninsightful, but they will get bored soon.

>>28189769
Don't leave, join the intelligent /XSG/ threads. It'll be a rabbit hole for you to keep you occupied, detective.

Not-Q

>>28184275
Its now more than ever a good long term hold

The richest man on earth displayed his trust for the soon to be trillion dollar assets. It’s absolutely inevitable

>>28185284
>muh i can touch me gold

Someones robs your house. Your gold is gone. Your btc is not since the robber has no password

>>28183815
>he thinks “actual value” exists
>communist

>>28186116
Why not? Its all about the frens you make along the way

>>28189467
>So why would I ever put my 10$ into your chain when it offers no benefit versus btc?
because it could moon more easily?
you can buy a minute fraction of btc now with those 10$
or you can buy 10k of new btc, each coins costing you a fraction of a cent with an immense up potential

>>28189769
>everyone who calls out my windbaggedness and pnd coins is Reddit
Nice discussion retard

>>28189467
also, people don't really buy bitcoin to store value they buy it because they think that it will moon insanely

>>28190211
It goes way past that. Only a newfag would respond to that kind of post. You wouldn't get it. Either go back to twitter or /b/

>>28190123
>"Give me your bitcoin password"
>"NO LOL XDD"

Bitcoin is gonna fund the chinese take over; 99% of americans with BTC will end up bagholding when China dumps it all. Everyone has known for months before the pump that China was buying it up, and they still fomoed in in december (including me, bought even more). It’s a game about when to get out, just like it has always been, but this time the gains will not be taxed in the West.

>>28190243
It's a store of value because paper kike money loses value every second. Bitcoin isn't going up, fiat is going down.

even if you think crypto is garbage so what, just buy it and get rich retard

>>28190446
Okay mom

>>28190473
>wtf i dont know the password. I wrote it down and put it somewhere in my parents house.

Even then. You’re implying the robber even knows that lil usb is a crypto wallet

>>28185073
imagine doing what other people tell you to do

Set some stop losses and gonna forget about everything. Gonna binge Murdoch murdoch archive for the next 3 days

>>28191082
And now you're dead, great store of wealth you've got there

a study released yesterday by an important think tank thinks that1 BTC will be worth 1 billion by 2035. stay poor.

>>28184196
ever heard of defi you cavedwelling mongrel

>>28187652
I'm in favour of crypto you pooid scumfuck.

>>28183815
> NOOO NOOO STOOOP NOO YOU CANT TRADE AND INVEST IN FUNNY COINS AND BECOME RICHER NOOO STOOOP

Cope faggot. I made 50$ TODAY doing nothing but exchanging indian memecoins. And my real money are used for real projects like Cardano and Avax.

So yeah, go fuck yourself redditnigger nocoiner. In 40 years when you all be forced to buy amazon company bonds for 40$( that will cost 0.1 todays dollar) with Harriet Boobmans face you'll remember me.

>>28191291
>Important think tank
You might as well use astrology.

>>28191646
>I made $50 TODAY
kek 3/7 b8 made me reply

>>28191206
Damn you smart. I just sold all my Chainlink (ticker:Link)

>>28183815

Lmao...My municipality just started accepting Bitcoin for paying taxes and water bills.
BTC isn't going anywhere but up.

>>28191646
>real projects like Cardano and Avax.
0/10

>>28191354
Literally has no tangable use. You are smoothbrain and most certainly ngmi.

>>28185972
As long as cash is a thing, Bitcoin will be a good value store. If cash isn't a thing then the world's probably over and I'll be bludgeoning randos with my 100oz silver bars for their food and bitches.

>>28186958
The argument is store of value, not cash usage. Gold is worth a fuckload for it's weight but is an utter cunt to trade with, so you swap it for cash and spend the cash. Same goes with Bitcoin, keep the Bitcoin as an asset pool and trade it for cash substitutes with better useability, I did it in Singapore with omisego years ago, no issues and shitloads less fees than interbank fiat currency exchange rates.

>>28183815
It's not a scam it's a ponzi. Learn the difference newfag.

>>28190870
the dollar has the same value now as it had in early 2018

>>28192726
>A Ponzi scheme is a fraudulent investing scam which generates returns for earlier investors with money taken from later investors.
>not a scam

>>28186818
>my bank account
>my money

Anon...... I......

>>28183815
Nocoiners and their goddamn copium omfg

>>28192012
>tangable
>he doesn't have any YachtyCoin

>>28186818
>My bank account is just a digitalised version of my physical money.
you have no idea how the banking system works do you?

Maybe I'm a gigantic fucking retard but when crypto dipped massively during that GME pumping fiasco and then shot right back up doesn't that kind of show that money and stocks and crypto are all "speculation"

>>28184841
Well no shit all markets are for making money! Thanks Einstein for that revelation, blockchain is the future btw but yes I'm just here to make money right now.

>>28193395
A scam is when someone sells you A and it's B.
You can make a ton of money in ponzis as long as you're not the dumbass who buys in last.

All of crypto is just ponzis rebranded. Cryptokitties, Bitconnect, Defi it's all the same shit and I love it.

>>28194051
There are Web 3.0 projects that I'm looking in as a content creator and my content is valuable let's cooperate you put in some USDs and I'll put in content and we will pump the decentralized marketplace

>>28183815
> everything is going to come crashing down
yes, but 2021 will be generally bullish. wait until jan 2022 to begin shorting BTC.

>>28194009
Shows that a combination of plebbit and Elon are going to end up getting things heavily regulated in order to stop people from making stupid financial decisions

>>28184268
So what do you guys actually do?

>>28183815
I can smell the poor through your words
>bet it carries about pieces of paper with numbers written on them

>>28194009
Yes. It always is. Fundamentals be damned, anyone who acts like it matters is retarded. The only value a stock or crypto has is the amount the next guy is willing to pay for it.

>why is the bitcoin network growing year after year
>he doesn't know
stay poor, enjoy your x3

>>28195459
>he doesn't have his personal turdcoin
ngmi loser