/biz/ - Business & Finance

didn't read lol

>>52449938

>>52449921
>Both are paradigm-changing technologies that in their early days spawned a brand-new industry promising to change the world.

Blockchain is not paradigm changing technology.

It's a software curiosity that has no practical use and wastes a lot of energy.

>>52449921

Didn't read but you are correct. Priced will to near 0 before some coins go to the moon, while the others will sleep forever.

>>52449921
didn't read but you are correct I watched on the TV that Bitcoin is go down

>>52449921
.cont
By the year 2000, internet businesses were so flush with investor cash that marketing budgets ballooned, Super Bowl XXXIV saw 1/5th of its Advertising slots bought by internet companies. Sounds familiar? See pic related.

And then it all began to come crashing down. First global economic headwinds turned sour, then interest rates were raised, and so money began to move into less risky assets.
The free ride on investor cash was ending and internet companies' burn rates were huge, one by one they began to fail. And in the aftermath, everyone realized just how unsound most of these companies had been.
$5 Trillion of value was lost and only 48% of the Dotcom companies that were around before the bubble burst survived to 2004. Many of the companies that survived, rose to be the tech giants we know today - Microsoft, Cisco, Amazon etc.
It’s not hard to look at that timeline and see the similarities with what has been going on in the Blockchain industry over the past few years.

FTX is just the first in a long line of casualties as venture capital slows down investment. VCs have been hesitant since Crypto fell from its 2021 peak. And you can be damn sure they’ll be tightening their purse strings after the recent debacle.
Without a huge slush fund propping up the crypto industry we will really see which projects and businesses are built to last.
Just like Microsoft, Amazon and others survived the dotcom crash and became the too big to fail of today, so will many of the viable well-run crypto businesses working through these present hard times.

The collapse of Luna, FTX and whatever dominos fall because of them, will be tough for the industry and rougher for the unfortunate enough to lose out.
However, crypto with actual usecase will emerge stronger, and it will force the industry to mature - this wake-up call was needed.

>>52449938
>>52449939
>>52449944
>>52449961
Pay attention for once.
>>52449983
Yep, this is more or less my point.

>>52449998
.cont, final part

Businesses and projects will have to be more prudent from here. It is from this that the Blockchain industry's reputation will take shape as the technology to define the future of a decentralized digital economy.
Crypto's outlook may be bad right now if you think short term like a nigger, but this was always coming. It is actually setting the stage for a future where crypto and blockchain are serious players in the global economy. Those who continue to make smart investments will be winners because of it, so now of all times is when you should actually research and position yourself so that you can tell your grandkids that you didn't miss out.

>>52450053
Agree 100% except niece and nephew not grandkids.

>>52449998
>5 trillion
Kek we reached like 2.5 trillion at ath, we're unironically still early

>>52450053
>>52449998
>>52449921
>bobo effortposting
strong buy signal

>>52449921
>think of the dot com bubble

You mean the bubble that popped at 10 trillion mcap? Yeah I am thinking we still have ways to go before the crypto bubble pops

>>52449921
>short -75% Bitcoin
kek, are you retarded?

>>52450142
>>52450171
Pay attention. I'm literally telling you to short worthless and empty scams, and to actually load up on projects with actual tangible effect and impact on the real economy. Not even once did I say to short BTC. This is not a Bobo post, not a Mumu post. It's just a coherent outlook that mixes POV from both (bearish for useless projects and bullish for the real stage)
>>52450117
>>52450145
I do not believe that it is only about numbers, even if you may have a point considering that inflation is even worse today than it is back then. What really matters is the macro environment.

>>52449921
this post is such a bottom signal im SALIVATING

>>52449921
APOLOGISE BOBO.... NOW!

>>52450229
got any empty worthless scams on your watchlist?

>>52450289
it's getting rejected at $17.2k assuming it even gets there
>>52450298
the entire top 100 except btc eth xmr would be a great start

Op I guarantee you would still throw some lunch money at ridiculous shitcoins during a bull run

>>52450321
>it's getting rejected at $17.2k assuming it even gets there

>IT'S NEVER GOING BACK TO 16k
>IT'S NEVER GOING BACK TO 16.2k
>IT'S NEVER GOING BACK TO 16.5k
>IT'S NEVER GOING BACK TO 16.8k
>IT WILL NEVER ACCEPT 17K, NO FUCKING WAY
(You are here)
>IT'S NEVER GOING BACK TO 17.2k

>shorted DOGE to hell and back
>left all my b0nk positions
>sold all my BAT at its ATH
>bought more btc after the FTX crash
>STILL holding on to my VINU
Do remember not all shitcoins are your target, friends. Keep that in mind and don't sell randomly.

>>52449921
>Crypto's development path does appear to be going down the same well-trodden one the internet took.
Agreed. Great stuff anon. Speculative bubbles don't change, even down to the Super Bowl ads. 20 years from now the FTX Larry David commercial will be a cautionary tale.

In a few weeks, expect all the the same Crypto is dead articles, just like the post-Dot Com bubble articles, ie. "how did this happen" "VCs are dumb," "no one will buy clothes online," etc. Journalists may as well use cut/paste from articles 20 years old, because its all the same.

You're right OP. I won't be selling all my alts, or any of them, but I am piling my money into eth BTC xmr. Thanks

>>52449998
Microsoft was not a dotcom company

>>52449921
didn't read
too busy making money on my plays from the bottom, which you missed out of pure greed

>>52449921
It’s clear to me that it’s too risky to buy back all-in right now, but is now a good time to start to DCA? Or is it too early still?

>>52449921
You see that shit where they say "Uptober," "Moonvember," all of those were baseless hypes because what my eyes have seen in this last quarter is true liquidation and capitulation phase, but some projects kept building heavily this period tightening security and other feats.

when you getting start emails like these you should see the writing on the wall

>>52451517
Unfortunately for those who trade futures who should be tearing themselves up, for me I simply buy and hodl; my most recent purchases were in VRA, RIDE (to qualify for its Skyjack NFT whitelist with a minimum of 500 tokens), and TRB. The crazy thing is that we don't know when it will end, the FEDs keep piling on us, and regulations are pounding on our doors. Fuck it.

>>52449921
Oldfag here (meaning that I remember the dotcom bubble).

The current bear market in crypto resembles the dotcom bubble of 2000 in a superficial way, but there’s an essential difference between them: the amount of money involved.

>According to Nasdaq, on the day the index peaked (March 10, 2000), the combined valuation for composite companies was about $6.6 trillion. At the opening Monday, the combined valuation of firms was $7.6 trillion.

And that was just the NASDAQ Composite Index. Comparatively, apart from a few behemoths like BTC or ETH, not that much capital went into the top 100 cryptos. Something like Monero was worth “only” 6 billion at its all-time high, Litecoin “only“ 20 billion, etc. And these are the top 20 coins. Go at the bottom of the top 100 and we’re into bona fide small cap territory, even at the ATH of one year ago.

This means the serious money has never touched crypto yet. This is still amateur money (the 100th coin on CoinMarketCap has a mere $275 million market cap). The dotcom-bubble-like valuation of the crypto market as a whole remains very far away… which means the dotcom bubble moment of crypto is yet to come.

Wait for the next bull run and maybe we’ll spectate that.

>>52449921
The dotcom bubble even had its own meme dog.

>>52451593
And if you adjust that amout for inflation it makes sense.

said nothing. just short
https://twitter.com/BNONews/status/1592580825618317313

>>52449921
>Dot com is the same as crypto.
LMAO.
Not even reading the rest of this.

>>52449921
>Short
On what exchange? All these ponzis are going to collapse and then you're not going to be able to withdraw.

>>52449921
> i shorted the bottom
> please let me close my shorts