/biz/ - Business & Finance

10x tx from fiat to btc in the first two weeks, buzzwords!

>>52882204
not buying your king shitcoin bags pajeet

based op

>>52882204
December 2017: 20k

December 2022: 17k

How many more decades do we have to wait?

>>52882280
Addresses with over 1 BTC have grown by 60k since November.

>>52882323
At the very least, sell parabola and buy -80% dumps, makes timing it easier and you'd be up hundredfold.

>>52882390
>DUDE JUST PERFECTLY TIME THE BOTTOM AND SELL THE EXACT TOP
I thought Bitcoin never crashed below its previous all time high...or did you maxis forget about that shitty narrative? lol

>>52882415
You don't need to perfectly time it you fucking retard. If you buy every 90% dump on BTC, just sell after a couple X and you're still making good money.
I don't care about that narrative either, but it's great for making people capitulate and sell the bottom because muh >this has never happened before

>>52882323
Still outperforming fiat since 2017, and atleast you were up big at some point instead of a constant downward slope

>>52882444
>>52882454
coping faggots that drank too much maxi koolaid

>>52882384
In, out, in, out, in, out

Coooooom

Hahaha just like cooming is! Ha ha I'm cooming, I'm cooming!

>>52882493
I buy low and sell high, beats hodling or never buying even if I don't always get it right.

>>52882497
>I buy low and sell high

>muh zero sum game ponzi is worth anything except shuffling dollars from idiots into my own pockets

>>52882583
Well i dont know how to do anything other than buy low and sell high on stocks and shitcoins
It's not my fault people buy high and sell low

>>52882204
does not matter how factually right you are.
they have the power.
in a moment they can make your eletronic worth nothing.
You can have a biticoin trillion and do nothing against them.
i learned it early in my life dealing with my parents and my older brothers. they are bigger and can force you.

>>52882444
>just sell
What happened to store of value, currency of the future, never selling etc? lmaoo, baggies can't even create a consistent narrative

>>52883059
i'm not a baggie because i sell high
it'll be a store of value when it reaches ath and i sell again though, and of course its just a ponzi when it crashes and i buy again.

>>52882204
>Satoshi (The Bitcoin team) consists entirely of NSA / CIA glowniggers, Finney, Back, Szabo, etc
>The only reason it ever pumps is because of a stablecoin managed and created by pedophiles (USDT) artificially pump their fake moneys and utilize mass market manipulation to do so (see tether allocations, alameda, binance, etc)
>Doesn't scale
Now enlighten me, something that 14 years ago was said to be able to out-scale Visa and Mastercard at the time now suddenly struggles with even reaching 7tps
Satoshi designed something that scales, the public version of what you think is BTC is not Bitcoin.

Will we ever go back to previous ath? During halving? That's when I want to sell. Idc about a new ath

>>52883059
The narratives are to help people who can only think in narratives. There will only ever be 21 million bitcoin. If you still don't understand the significance then you're doomed.

>>52886324
>the narratives are there just to fool people
>but the scarcity narrative is true and will pump bitcoin to 1 million dollars!
it's all so tiresome

In a hyperbitcoinized future, the rich will be living the anarcho-capitalist dream btc promises, and the poor will be living under a cdbc nightmare. This is because btc doesn’t scale, and in a world where billions of people use it, only 1% of the global population will be able to afford the $1000+ transaction fee to gain access to the limited block space. The rest of the world will be stuck with a custodial solution like paypal. They’ll get money taken out of their account for “spreading misinformation.”
The btc maximalist response to this is muh lightning network. But it cannot scale, for two reasons. First, because it depends on btc blockchain transactions, and those are extremely scarce. The waiting list to get your channel-opening transaction included in a block will be decades long. But even assuming that were surmountable, the lightning network also can’t scale because of routing. The only way to send a transaction to someone you don’t have a channel with is to have a map of the entire network so you can find a path through other channels to them. This means your little smartphone would need to keep a map of billions of nodes with tens of billions of channels open between them and keep an updated account of the balance in every single channel, which gets updated a million times a second. In the same way an ordinary user can’t run a btc node if the block size is too large, an ordinary user can’t run a lightning node if the lightning network is too large.
This won’t kill btc. This is exactly the kind of thing the wealthy elite want. A cdbc for you. An open, decentralized, censorship-free, seizure-resistant, deflationary, cypherpunk money for them.
It will go to a quadrillion dollar market cap. It will replace debt as the number one thing institutions hold in reserve. It will become the global reserve currency. And it won’t scale.
Better do literally whatever it takes to get yourself as much btc as possible, right now.

>>52886389
Scarcity isn't a narrative, it's math. Run a node.

>>52882204
>centralized exchanges are the way to go if you want a safe and secure platform for buying and selling your cryptos
>unlike those sketchy spot markets, centralized exchanges are regulated and have strict policies to protect you
>fiat may be subject to inflation but at least it's backed by governments and central banks
bitcoin and other cryptos may be decentralized but that also makes them more vulnerable to fraud and market manipulation
>centralized exchanges let you buy and sell without worrying about the security of your funds
plus they offer a range of other services like margin trading, lending, and derivatives trading, but be careful with those
>decentralized cryptos may have their perks but for the safest experience stick with centralized exchanges

>>52882204
Really hope you mean bsv bro. Your 1hr+ transaction time, $1+ transaction fee, and unscalable shitcoin "btc" was quite literally the end result of central banks hijacking the crypto space back in 2015/2016/2017. They neutered it so it could specifically NOT achieve anything outlined in your op.

Oh yes, totally decentralized, totally immune to financial system contagion... now please deposit your worthless fiat into my shekel box...

>>52882204
>Bitcoin is engineered to kill central banking
>ends up killing itself instead
What did it mean by this ?

>>52882204
It's true but >>52882323 this...at least i only lost 1000 dollars

>>52882204
I'M A RETARDED XRP BAGGIE AHAHAHAHAHHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHHAHAHAHAH

>>52882204
Thank you Sir

>>52882280
bitcoin in digital gold and altcoins are nonprofit tech cooperatives

>>52885597
you ask this every cycle

Bump for all the newfag nightmares I hate. Read OP faggots, and learn.

Bitcoin is the only way.

>>52884867
Seething BSV shitcoiner cope who's scammer built garbage is heading to zero

>>52882204
>DAILY REMINDER

FUCK OFF

>>52882415
The funny thing is now this time is different kek

>>52882204
>BTC has no top cause all FIATs have no bottom
How is the bottom not zero?

>>52886607
Holy shit

>>52882415
You dumb nigger bitcoin has consistently had a few months of a floor for buying or selling. Remember covid lock downs and the 5 months of sub 10k buttcoin? Remember the 2 (two) 3 month periods of 35k buttcoin? No? Kill yourself

>>52882204
thank you op, very true. though i don't believe all altcoins are shitcoins, but it's hard to decern the good from the bad.

>>52886607
Wow