/biz/ - Business & Finance

>completely owned and controlled by asians, hedgefunds, and investment firms
>thinks it's decentralized.

not buying your bags

>>29491766
it took more than 10 years before institutional jumped in, and i will tell you more, central banks will have no choice but to start mining and hoarding
do you want to be late to the party?
do you want to stay in fiat and enjoy hyperinflation?
moron

>>29491766
Hedgies are not having a good time in the cryptomarket my dude

>>29491847
^This^

>>29491847
>>29492202
you are going to eat ze bugs

>>29491578
BITCOIN IS THE ENEMY OF THE SYSTEM!
>Fed hasn't made it illegal and is actively talking about coming out with their own crypto.
IT IS DECENTRALIZED
>Nobody knows who actually invented it. In all likelihood it's probably designed as a money laundering tool by the CPP.
IT WILL TOPPLE CORRUPTION
>JPM tells people Bitcoin will be $300K by EOY, hedge funds and pensions investing in Bitcoin
IT WILL REPLACE THE USD
>Can't actually function as a large scale currency also would use insane amounts of electricity.
AND MOST IMPORTANTLY....BLM IS THE ENEMY OF THE SYSTEM
>Every single aspect of the system nut in unison at the though of BLM
>Billions of dollars from corporations go to BLM
>We out here FIGHTEN DE POWAH

>>29492665
Not a chance retard. This is the easiest situation to trade ever. No need to hodl that boomer coin.

>>29491578
Bitcoin is obsolete.

>>29491578
If you own Bitcoin you are funding terrorism, if you own bitcoin you are destroying the planet. Bagholders should be treated as war criminals.

>>29491578
fiat money is slavery

>>29494320

what does this mean?

>>29495197
Drug cartels and terrorist organisations using BTC. Mining energy requirements equals Argentinas yearly energy consumption

>>29494320
>if you own bitcoin you are destroying the planet
moron, bitcoins give an incentive to build infrastructures to produce cheap and clean energy and use wasted energy that is not profitable to bring on the market if population is far from these cheap renewable electricity spots
there are companies helping to mine with all wasted flaring gas, avoiding that it pollutes when it's released into the atmosphere and so on
imagine solar power in africa, does anyone have any incentive to put them there?
no, but now with btc they are gonna build the entire electric infrastructure because there is an universal incentive to produce renewable energy, and then what you wiill see it that the population will move more and more near to these spots because it's a great way for them to have access to electricity
keep in mind that it's hard to store big amount of energy, so miners will be selling electricity to population when it's needed and mine btc with the remaining one (electricity price for the population is always higher than the one used by miner, think about your bills) so there is an actual incentive to produce more and more renewable energy
you are fucking retarded and you don't understand the incentive model
do you think central banks green bonds are gonna solve the problem?
they are just free money
the only thing they can do is to print more money out of thin air
central banks are a fraud

>>29491578
Chancellor on brink of second bailout for banks

>2 week wiped the fuck out in 2 days
STORE
OF
VALUE

>>29495603
>Drug cartels and terrorist organisations using BTC
criminals use usd, think at all hsbc and deutsche bank money laundering

>>29491578
Yeah and GME is the people finally taking over the financial system and destroying the hedgies.

>>29491578
test

>>29494320
I want to destroy the planet.

>>29495603
>Mining energy requirements equals Argentinas yearly energy consumption
and that's a great thing
think how much more energy will be produced until the human race can finally obtain all the energy it needs
keep in mind that the electricity you pay with the bills is way way more expensive than the one used for mining
if miners are requested to redirect the electricity to the population they will be more than happy to do so, because humans pay more than bitcoin mining rewards

>>29495886
Bass'd

>>29492805
blm is just a bunch of retarded commies that will ask for ubi via cbdc and eat ze bugs

>>29491578
BTC is not private
BTC is not fungible
BTC is not cheap to use
BTC is slow
BTC is not mineable with common hardware

>>29496444
GOLD is not private
GOLD is not fungible
GOLD is not cheap to use
GOLD is slow
GOLD is not mineable with common hardware
Huh

>>29496444
BTC is our best shot
if BTC doesn't succeed, you will be forced to use CBDC, you will basically be forced to use an account owned by the central bank, where they can track every single movement
you need to realize these are the fuckers we are fighting with
if BTC wins, then you can use your monero or whatever you want to use, i don't care, but i do care CBDC will fail

>>29496651
Gold is shiny. I could put an ounce of gold in front of a child and they could probably give me a realistic estimation of its value. You literally cannot even begin to do that with bitcoin.

>>29496651

gold is private
(I can give you gold without anyone noticing)

gold is fungible
(that means to be interchangeable, since btc has no obn chain privacy, coins are tainted, while gold can be melted)

gold is not cheap to use
yes that is true
but other cryptoes are cheat to use and fast and private

gold is mineable with a shovel
meaning
you have the argument
you pay me X or you go mine it yourself
if you don't have the option to mine it yourself it is ponzy
all PoS coins are a ponzy

a coin is PoW when the blocks are produced by miners

>>29496746
BTC is shit
there are many many better options to use
BTC is just one of many and it is shit

what happens if/when satoshi floods the market with his coins? lmao
imagine a scenario where every central bank and corporation is knee deep in BTC and suddenly the market is flooded with the other half of coins, what then?

>>29497093
>goldbugs
>shit on the lifeboat while the ship is sinking
you really deserve central banks digital currencies
you really deserve to eat ze bugs

>>29497212
actually it is irrelevant
because BTC can't work
the smallest unit is not the satoshi but rather the TX fee
you will not transfer one satoshi if it cost you 10 000
so the smallest BTC unit is the regular TX fee
it just does not work

at the moment BTC is unit of exchange on the trading platforms and that is all

>>29497312
no we will use privacy coins
that have the best tech and are updated all the time

>>29497506
if BTC fails it's over
i love monero, i have some monero for emergencies, but that's not a battle you can fight with low cap privacy coins
BTC is 1 trillion and it's going to replace gold, like it or not
it's our best shot, if you fight the crypto winner, you will take down the entire crypto and let central bankers win
i hope you realize this

>>29497690

no look it is fine
it is not over

we the altcoiners will have easy time defending low prices

while you the dumb fucks will have to defend 50k

eventually, coins with grass roots support will prevail

>>29497868
this guy is a bit of a fag
but what he is saying is unfortunately true
you clearly are not following wef/imf agenda
https://www.youtube.com/watch?v=WEiqxqlZ_QA
instead you are being a naive faggot, and guess what? you will eat ze bugs

>>29496651
Gold is private, fungible, cheap to use and it's faster than BTC if you're using it on the spot.

>>29491578
no, it isn’t.

to the guy who made all the "just buy and hodl btc" threads the past days:

fuck your mother

>>29498332
it is
lagarde said btc it's an exit valve they need to stop
yellen is coming with some retarded 2017-style fud

>>29498304
gold requires KYS to buy sell and transfer
privacy coins are cash
cash is king

>>29497690
BTC at 1 trillion would mean average people would not be allowed to own BTC. You're an idiot

>>29491578
A few other reasons to like Bitcoin:
The name:
>bit
digital

>coin
money

Bitcoin, perfect name for a digital currency, even though it's not really a currency and probably won't be used as one. Its symbol is also a gold coin. Its symbol looks like money.
You'd be surprised how much this affects normies.

95% of crypto "currencies" have absolutely retarded names and abstract symbols that mean fuck all.

Even Ethereum is idiotic. The name means nothing (other than 'ethereal money', which normies won't ever catch on to). The symbol means nothing.

>>29498430
i literally bought gold with crypto through metamask lol

>>29498509
1 trillion marketcap moron
and you can buy fractions

>>29498430
>gold requires KYS to buy sell and transfer
No, it doesn't. Just go to a coin shop and they sell and buy it for cash. If you want, you can barter with it as a currency also. You're so stupid.

>>29498532
ok, try and buy crypto with physical gold
....
which of the 2 is cash

it is the crypto
the crypto has superior liquidity and is money

>>29496651
gold is not private? show me the public ledger that tracks my every gold transaction like bitcoin for all to see. i’ll wait.

SELL

>>29498620
And using it would cost you more than using gold. You maxis are stupid.

>>29498669
i don’t want crypto though, and i can easily trade someone gold for their digital fiat

>>29492113
The Monday 9am dip had to have been a futures settlement, lol.

>>29492856
you are very clearly ngmi, my honest condolences

>>29491766
who owns it has no impact on its nature fucking autist
Both of those things are also both factually wrong
Enjoy staying poor slave brained nigger

>>29498759
ok it is fair
gold is a store of value after all
unlike btc

>>29498669
>the crypto has superior liquidity and is money
BTC is less liquid due to the retarded fees

>>29498838
he was probably using ETH
BTC is slow as fuck

>>29498669
i don’t need an entire army of chinks “mining” literally nothing for insane amounts of energy to transfer my gold from my hand to another

>>29498767
Retard, options on Microstrategy have made me far more money than holding actual btc. Easiest trade ever

>>29495776
oh were you planning on retiring and cashing out literally this week? if that's the case, then good. fuck boomers, they deserve to lose everything because theyve provided nothing of value for the last 10 years

>>29498926
well can you wire me the gold now
no you can't
but you could wire me coins

>>29491578
>>29491578
>>29491578
Bitcoin is all of the above. BTC (core) is a store of value bubble that’ll pop when the bankers are done milking it as they move into a new store of value.

>>29499002
bitcoin isn’t used in that way because it is a piece of shit anon stop playing dumb. no one transacts in bitcoin they speculate on it.

>>29499002
And localized buying and selling helps bring an end to centralized exchanges. It's a good thing.

>>29495698
>against the central banks
>buys into a project entirely controlled by the central banks
Anon.. the cognitive dissonance here is wild

>>29499152
you cannot set 100 worth of gold to anyone in the world
the package at best will be returned to sender
but you can send crypto with no problem, even with snail mail

>>29496849
>i like this thing because it's shiny
seriously nigger?
>so easy a kid can understand
i can slap a mask on a kid and tell him that its for his own good, and he'll blindly obey me because he's a literal retard. offer any zoomer or younger either gold or bitcoin and they'll take the latter

>>29499254
wtf r u talking about nigger? is this the average intellect of a bitcoin maximalist?

>>29499429
gold will be detected at the customs
crypto will not be

>>29496849
What a great scenario you've pitched there. Makes one think everyone who invests in gold is a mentally slow man-child who values shiny things

>>29499254
can't send btc to anyone in the world either

>>29496849
I think too few people have actually handled gold and silver coins. Their value immediately makes sense when you do. Most people live in their heads though, so I’m loaded up on crypto as well.

>>29496849
its relatively easy to valuate. just take all the global demand for all money and value, then apply a % of penetration based on value saved by reducing counterparty risks. let's say 3%. divide by 21,000 and you're good to go

>>29499591
anyone who has a phone with internet can receive crypto of any kind

>>29496444
This.

>>29498748
>using it
it need to store value over the long term, not be transferred around 100 times per day to buy a coffee or shit like that
a true decentralized coin cannot be cheap because it's a permanent record that everybody has to store, forever (cheap = trash data on chain)
a true decentralized coin cannot be fast, because it would grow out of control
bitcoin is the perfect compromise, it can still be run by regular people on a laptop, network is still strong, nodes are still up and running, network is strong, it cannot be taken down

>>29497382
and ? lmao btc is not going to be for fucking coffee and shit. jesus

>>29499831
boomer COPE
BTC is one of many
GOLD is a fundamental element

>>29499699
Except that btc can't be used efficiently in that manner.

>>29498295
No. The store of value idea are driving the prices. Utilitarian coins will not be worth more than their mechanism of transaction. Not worthless by any means, but you could just as well buy MasterCard shares at that point.

>>29498965
>Lose everything
>H-haha take that, boomers!
LOL

>>29499936
>>29499864
yeah good
BTC cannot be money, great
now that it will crash back to 10k after few weeks
people will see that it cannot be store of value either

>>29499831
But zero utility fictitious assets are not a true store of value.

>>29500052
ohhh no no no
don't use complicated words

>>29498669
>crypto has superior liquidity
Liquidity isn’t really important for a store of wealth.

>>29496444
Retards don't care. One day they will. Nice digits.

>>29500192
Well you could just put a trillion dollar price tag on a turd but that doesn't mean it's actually worth that. Liquidity is absolutely important, retard

>>29499925
Gold is fucking useless, it's good to make jewelry nothing more nothing less. Watch it become worthless once NASA figures out how to mine one of the dozen asteroids that surround the earth. Give it 15-30 years max.

>>29500326
gold is valuable because it is inert
you can make couplings out of it

>>29500326
NASA could make a million BTC forks today for next to nothing.

>>29491578
absolutely based, kikes and trannies seething ITT

>>29500052
good is not valued at 10T because of the utility, but because of scarcity / mining rate / stock-to-flow
there are plenty of materials infinitely more useful then gold, yet cheaper by order of magnitudes

>>29498526
Yep, branding is the only "fundamental" in cryptocurrency.

>>29496849
You literally cannot even begin to know the worth of BTC. you are the child. wait on hunter biden to come molest you to death. I will be supping with the Valkyries on high

>>29491578
nobody and I mean nobody gives a shit about this bitch ass coin

>>29491847
Kek brown hands typed this

>>29495776
>2 months of alt gains wiped

>>29497868
>we the altcoiners will have easy time defending low prices
Literally shitting the bed with -30-50% losses within 48h

>>29491578
BASED

>>29503321
not a problem
we just want cheaper alts
nobody is buying at top of a pump

>>29491578
Based department?We have a situation here plz send support.

>>29495603
>Mining energy requirements equals Argentinas yearly energy consumption

Good, harder to 51% attack

>>29503432
shitcoins are irrelevant
99% are just money grabbing scams you monkeys keep jumping in and out for quick gains
Don’t even remotely compare that to BTC

>>29503657
BTC is an alt coin
BCH will take your hash away

>>29495723
We are reaching levels of basedness that are beyond belief.

>>29503709
lmao, BCH hashrate is like 0.X%
>>29503743
BTC is not debt, it’s actual money we can give to our next generation without loss of purchasing power

>>29503924
we shall see
you will have really hard time defending 50k
while I will have no problem defending 5 dollars

>>29503924
>BTC is not debt, it’s actual money we can give to our next generation without loss of purchasing power

How much bitcoin have you bought today friends? got .084btc today for 4k usd

>>29491578
>NON-AUDITED
>public ledger

Bitcoin is a meme.
There is no reason to own it. As a crypto, it's lame, inefficient, and obsolete.
Monero makes sense.
Even fucking Ethereum makes sense.
Bitcoin has no intrinsic value.

>pulled out in time to watch the cope
It's ogre bros.

>>29491578
Bitcoin is a joke, buy silver and squeeze the banks

>>29504181
>Bitcoin is an attack against
c'mon anon, learn to read

>>29503924
>BTC is not debt, it’s actual money we can give to our next generation without loss of purchasing power

Wise words.

>>29504044
A house divided cannot stand, stop the infighting it's enough with boomer goldtards attacking us thinking we are their enemies for some reason.

>>29504095
You will see.

>>29504181
read again bro

>>29504241
PMs are controlled by the banks and you are glowing.

>>29504186
Intrinsic value is a marxist concept.

>>29504295
what gender are you

>>29491578

Bitcoin is as a much of an attack on the traditional financial system as Gold.

Which is to say it isn't. It's just an alternative way of saving fiat, to put eventually put back into the traditional financial system.

>>29504506
Male with a dick.

>>29504295
>You will see.
BTC is crippled. It's price only rose due to the Microstrategy retards. Michael Saylor isn't exactly known for a positive market signal. He's in the process of turning btc into a laughing stock. Literally just diluted his company shares to buy btc and now he's losing money, again.

>>29491766
They have no control over lobbying any central authority to print btc and give it to them
Like USD, EUR, YEN, etc

>>29504707
then why are you shilling for BTC
it is obvious that is shit
the store of value meme is nonsense

>>29491578
Cope

>>29504513

If anyone thinks I'm wrong... Why would the Federal Reserve do this?

https://news.bitcoin.com/federal-reserve-pro-bitcoin-chief-innovation-officer/