/biz/ - Business & Finance

>>28519308
I love this pasts, should be a sticky. Reminder if you own 0.01 BTC in 2040 you'll have more retirement money than your boomer grandparents

>>28519308
>>YOU NEED 56 MILLION SATOSHIS (0.56 BTC) TO BE IN THE TOP 20%

Isn't it much less than that? I thought 20 million statoshis (0.2) puts you in the top 0.1% (if every person on the planet got a equally divided share of satoshis)

Or do you mean specifically those who currently hold BTC?

I think its more realistic to put that number against world population, like you would with gold.

>>28519571
top 20% of btc holders

What is the best hardware wallet? I'll order it right now.

>>28519571

Top 20% of people currently owning Bitcoin, not top 20% in the hypothetical siuation that everyone on earth had Bitcoin shared out to them

>>28519630
What about 1 BTC?

I saw something about only 2% of wallets having more than 1 BTC in them.

>tfw will only ever be able to accumulate 0.1 btc at this rate

>>28519415
These threads are the best advice for new people. They are immediately drawn to the aspects of immediate gratification and the concept of get rich quick.

People lie in threads and marketers subvert the user base on here and on other forums and platforms to manipulate the markets and sucker people to buy so they can make a dime on the back of the suckers.

>>28519415
this. just do (21m/2) and then divide by (8b/100)
thats the long run suicide stack

>>28519308
>>28519415
>>28519571
>>28519630
>>28519649
>>28519723
>>28519731
>>28519815
>>28519842

well aint that a crack in the knackers?

>>28519571
top 1% richest will hold 50% bitcoin, so (21m/2) / (8b/100) is how much you need to be top 1%

>>28519649
pick one, some are btc only like coldcard (fully open source), some supports a lot of crypto (Trezor Model T)
https://bitcoin.org/en/wallets/hardware/?platform=hardware&step=5&features=bech32,hardware_wallet,legacy_addresses,multisig,segwit

>>28519731

>0.01% own 50% of the supply
wew I thought it couldn't be worse than fiat, but boomers still managed to prove themselves even dumber than what's theoretically possible.

>>28519308
Actually you have two. The second is buying while crashing.

>>28520371
This is old though, post current stats.

>>28521149
https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

>>28521210
I dont goto links mate, im too paranoid about keyloggers in this day and age of BTC actually being worth a decent fortune

>>28519308
>YOU NEED 56 MILLION SATOSHIS (0.56 BTC) TO BE IN THE TOP 20%
Intriguing

terrible advice. i would have only been able to afford 2 bitcoins when i got into crypto a few months ago now i have enough to buy more than 5 thanks to alts

>>28521490
Bull markets end and alts crash harder than bitcoins. In the upcoming crash, alts will leave you at 0.5 btc when you could have had 2

>>28519308
didn't read

why is btc literally the only thing that ever makes money tho

>>28521302
It's just the website that display the stats on >>28521008
Also, javascript is safely sandboxed in your browser, don't worry. If you have a lot of crypto on your computer, it's better to use hardware wallets or cold (offline) wallets.

I once had 220 BTC

>>28521662
Biggest ponzi scheme the world has ever know. Correction will hit hard though.

>>28521667
I do use cold storage, im just super paranoid :>

>>28519842
>People lie in threads and marketers subvert the user base on here and on other forums and platforms to manipulate the markets and sucker people to buy so they can make a dime on the back of the suckers.
thx fren
some days shitcoinery is overwhelming
>>28521008
nobody can really complain anyway
>>/biz/thread/S13032245#p13035484
>7.5BTC to be in the top 1% which is unironically less than 30k USD ten years after its birthday. Imagine reading this in 2029.
i was already trying to warn people back then, most of the posts i cannot even find them anymore

>>28521490
>now i have enough to buy more than 5 thanks to alts
you better take some profits in sats then...

>>28521721
And now?

>>28519415
>>28519571
>>28521662
Daily reminder that the BTC poorfags are r*dditfags who infiltrated /biz/
Stay poor holding your boomercoin

>>28521948
0

>>28522155
what's in your port?

>>28519308
>Jay-Z making a BitCoin fund
Crash is imminent, however, your advice is still sound.

>>28522155
>Daily reminder that the BTC poorfags are r*dditfags who infiltrated /biz/
STOP SCAMMING PEOPLE WITH YOUR ERC20 RUG PULLS, SHITFORKS, OR USELESS BUZZWORD VAPORWARE SCAMS SHILLED BY DISCORD TRANNIES AND FIVERR PAJEETS
i'm just trying to bring a bit of sanity back to biz
the board that helped me making it

>>28521774
Feel the fear and breath anon. Everything will be fine. Money is digital dust within trillion trillions of planets and galaxies.

>>28522155
>Stay poor holding your boomercoin
>sats is all that matters, all shitcoins bleed to zero in the long term, if you don't trust me, check 2017-era shitcoin mothly charts
i'm waiting MORON, go ahead, post charts

>>28521721
You my friend have done goofed

>>28522540
Im still shitting my pants and quaddripping check when i transfer BTC around

Kinda wish it wasn't this scary.

Perhaps in the future there will be ways around this, im sure making it less scary in that way will also sky rocket the price

>>28522689
Bitcoin bridges (like the one on DOT) should make trustless usages of BTCs possible, I think it will help adoption now. btw I don't want to feed your paranoia, but make sure the addresses are correct when you copy-past them around. Some malwares can stealthily read and replace OS clipboard memory.

>>28520054
Kys mass reply nigger

lol you still use this shit
DON’T BE SUCH AN IDIOT
I’m not a faggot who believes you and go for trash
I am longing for bot ocean launch to trade with safe

>>28523664
do what you want
you can keep jumping from pump and dump endlessly
but in the end, all gains go back to sats

>>28519308
The problem is that some shitcoins can 100x my money before I flip it into boomercone

>>28522525
If you don't want people to lose everything, don't tell them to be maxis.

where are the kikes and their doomsday btc threads? they were very active the past couple of days but today they're eerily quiet.. what might they be planning? which coordinated fud will they gift us with next?
I swear now is when i fear them the most.. motherfuckers, their shorts have kept coming like clockwork tho

>>28519308
>CBDC (central bank digital currencies) are a scam, a digital equivalent of fake FIATs money
What are some examples of CBDC?

>>28524234
kikes will have no choice but to buy
>which coordinated fud will they gift us with next?
they are not so creative
>china ban
>btc polluting
>being held by white males
>tether fud

>>28521760
kys

>>28524414
"European Central Bank Executive Board member Fabio Panetta said a digital euro might be the innovation that sees negative interest rates passed directly to consumers.
Speaking at an event on Wednesday, Panetta said officials keen to prevent bank runs could make the hoarding of digital central bank money unattractive by “penalizing remuneration” of holdings in excess of 3,000 euros."
https://www.bloomberg.com/amp/news/articles/2021-02-10/ecb-s-panetta-says-digital-euro-may-come-with-a-penalty-clause

>>28524720
Why would anyone willing use CBDC?

>>28519308
fuck no, reddit tier advice. you have to go back.

buy and hold chainlink you fucking retard

>>28524576
>no choice but to buy
The actual truth is that nobody cares about gold or digital gold, and nobody will be forced to buy it. You're trying to argue why people should join a ponzi scheme.

BTC has the worst technical fundamentals and that will bite it in the ass eventually. It can't be used as a medium of exchange so the cope now is that it's a 'store of value'. But eventually the mining rewards will drop to zero and the entire thing will fall apart, long term it cannot be used as a reliable store of value if the chinese mining farms can't turn a profit. It might hit 100k and it might hit 1m but eventually it will collapse under it's own fundamental flaws. Will you really be able to time your exit and grab a chair before the music stops? Or maybe you should invest in crypto that isn't broken

>>28524850
cause people are dumb and still think btc is riskier than keeping money in their deutsche bank account with a nice -2% interest rate
they will play the msm propaganda on socials and tv
they will shill UBI (universal basic income) with their extended mass of paid politicians, so all the retarded commie population will get enslaved
they will receive their monthly 800 DIGI-EURO, but they will only be able to spend them on "frozen bugs" or selected vegetables. And if they don't spend them fast enough (or trying to save them, oh my god, they are hoarding!!!), these DIGI-EURO would get burned in their wallet at increasing rate. Of course this mean extra loss of purchasing power on top of the infinite money printing inflation

>>28525027
they can either chose to risk a 5-10% of their managed assets on $btc/crypto, hedging them with puts if they are so afraid, or risking career suicide and the permanent ridicule of their peers if it turns out they ignored an entire new asset class

>>28525597
I'm not saying crypto is a bad store of value, just that btc is massively overvalued and you will lose everything you put on it.

>>28525027
>ponzi scheme
shut up moron, i don't have time to argue with low iq niggers

>>28525307
The big problem is, most essential goods and services are only available to be purchased with central bank fiat.
If it was possible to buy food and pay rent with decentralized fiat it would literally change the world in a huge way.
But kikes won't give up their power so easily.

>>28521721
my prescription is 1 chain-saw

>>28524850
>>28525307
it's pretty simple, bank fails or pajeet steal $100k out of your account, the bank/fed will reimburse you, that's the benefit of having money that can just be printed out of nowhere. If pajeet steals a few BTC from you, there's nothing anyone can do. I mean maybe banks can offer custodial services and insure your crypto holdings, which I fully expect to happen in the future

>>28525825
>kikes won't give up their power so easily
we don't give up with BTC either

>>28525773
Enjoy being zero'd dummy. :)
It's a bubble. See the gold inflation-adjusted price: >>28524125

>>28526025
oh no
the retarded bsv shill again
>>/biz/thread/S13061953#p13072186

>>28526105
Not sure who are you talking about but I'm advocating against payment-only crypto, which would defeat the point if I were that kind of shill.

>>28526372
look, you can build all the shitcoins you want
if they are useful (dex ones for example), good, i will even use them, but WE NEED SOMETHING TO REPLACE FIATS
OTHERWISE WE ARE ALL FUCKED
i don't need the fucking tezos if fed keeps raping all of us

>>28526744
It's okay anon. Give up all your beliefs and trust me. Sell btc and buy your favorite alt. It will be fine.

>>28526372
BTC is solving a bigger problem
i don't really care about muh smart contracts, they have thousands of good applications, yes, but they don't fix the MONEY
stablecoins are bullshits, either they are fiat fake money, either algorithmical vaporware
BTC will become less volatile and become stable over time, and eventually in a decade it will be stable
very stable

>>28527114
>Sell btc and buy your favorite alt. It will be fine.
no, it will just bleed sats
that's what they do over long time frames
all of them
I DON'T NEED ANY FUCKING ALT, I NEED CENTRAL BANKERS TO FUCK OFF, THAT'S WHAT I NEED

>>28527265
You don't understand why central banks are still absolutely needed into our world, and Bitcoin is not an alternative to the current system in any kind of way.
People want to build worth with their assets. They don't want to be locked in fear and unable to work on any large scale project. Bitcoin doesn't provide a structure anywhere close to what fiat represent to the world (the ability to revert transaction if stolen with proof of ownership, or being able to collaborate with others contractually).
Bitcoin is a bubble that has been sustained by the fear of central banks for a long time, but when people realize what's actually needed to sustain civilization. The btc bubble will collapse, but other cryptocurrencies won't (ofc the price might temporarily follow).

>>28527796
>Bitcoin is a bubble that has been sustained by the fear of central banks for a long time
FOR VERY OBVIOUS REASONS, MORON
bitcoin is not the bubble, the derivative market is the bubble, the bond market is the bubble, the stock market is the bubble, the real estate is the bubble, everything is in a fucking bubble because of negative interest rates and free money
bitcoin is not even 1T marketcap, bond market is 100T, derivatives are like what 1000T
non-sense
stop writing bullshits
>but when people realize what's actually needed to sustain civilization
AHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
we have a good track record of FIATs collapsing into hyperinflation, all of them lose 99% of purchasing power over time, because debt keeps increasing in a unstoppable spiral
>The btc bubble will collapse
unless the derivatives and bond bubble pops as well, bitcoin will increase at crazy speed
>but other cryptocurrencies won't
lmao, yeah shitcoins with broken ghost chains worth 40 billions won't, ok bro

>>28525297
Bullshit. When mining becomes less profitable and less people are mining, it will become more profitable the people still mining.

>>28528616
okay do whatever you want doofus, I tried to warn you but you didn't listen.

boomers were dumb for not realizing the groundbreaking potential of crypto

zoomers are dumb for thinking everyone cares about their digital ideologies and futurism and aren't just going to gravitate to the big stable giants to keep earning after a brief game shakeup

>>28528720
basically means the network will be less and less secure until byzantine attacks are commonplace.

Imagine holding filthy doomed petrodollars

>>28528931

>>28528931
GUYS GUYS, LISTEN TO THIS GUY
WE TOTALLY NEED CENTRAL BANKS TO PROP UP THE ROTTEN, STINKY AND FRAUDULENT 1000 TRILLION DERIVATIVE MARKETS
AHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAH
IT'S FOR OUR GOOD
AHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
BECAUSE YOU SEE, BITCOIN (800B) IS THE BUBBLE
AHAHAHAHAHAHAHAHAHAHAHAHAHAHA
FOR FUCK'S SAKE, JUST STOP WITH YOUR FUCKING NON-SENSE

>>28529050
>basically means the network will be less and less secure until byzantine attacks are commonplace.
yeah sure bro, just like switching a power bulb YOU FUCKING MORON
GTFO OF THIS THREAD

>>28519649
Hardware wallets are dumb, boot to tails on a thumb drive for free and generate a wallet in electrum

>>28527796
>central banks are still absolutely needed into our world
>Bitcoin is a bubble that has been sustained by the fear of central banks for a long time, but when people realize what's actually needed to sustain civilization
Consider the following: kys.

>>28529821
>boot to tails on a thumb drive for free
unironically a very based advice
>and generate a wallet in electrum
i have an external hard drive encrypted with truecrypt with a full bitcoin core node on it
electrum did some major fuck up in the past

>>28529100
Soon.

>>28530251
>Soon.
shut up kike

>>28529431
Believe me or not, I'm on your side and there is nothing wrong with crypto. Bitcoin is a ponzi meme, and like all bubbly things, it pops.

>>28528616
good post