/biz/ - Business & Finance

>>5362203
I cannot tiptoe through the bitcoin
checkmate

>>5362203
Graphs are strangely similar aren't they.

I don't know about Bitcoin.
But ETH and ICX are solid blockchain projects that don't rely on being a digital currency. So my bags are comfy.
DApps aren't going away. They have a very good future.

>>5362203
you can't plant bitcoins and expect them to grow flowers

>>5362253

>congrats on replying to yourself

who cares, I'm working off profits anyways, I have nothing to lose after paying myself back several times. Let it be. Stop making these threads, no one cares

>>5362203
Nocoiners keep posting this please, I like the salt

>>5362203
plus we have like 100 years before we have to worry about bitcoin mining to be over.. so we good senpai

>>5362203
If it were then you would have posted a BLACKED picture.

> Cuz my meme lines in log scale!
> but also meme lines don't work on BTC

>>5362203
Bitcoins aren't flowers
Lmao are you even trying, stupid?

>>5362203
Bitcoin/Litecoin is the perfect form of money.

1) Infinitely divisible
2) Infinitely fungible
3) Scarce
4) Extensible

I could go on.

People no longer trust fiat, so the world is moving to crypto. Get used to it.

because bitcoin was only the first step in solving the jew bank problem and finding some privacy in the world. many people want this

>>5362203
It is

>disprove this negative
>protip: you can't

Sort of correct.

The BTC bubble hasn't even started yet.
At the moment it is just gaining its early adopters.

>>5362357
false sense of security

>>5362449
Yeah because trusting something backed by governments vs trusting something backed by nothing more than people trying to make more money seems legit.

>>5362449
ok, go on

>>5362203
>Explain why Bitcoin isn't Tulip Mania.
Tulips crashed because of over saturation.
They were once rare and once farmed they were commonplace and thus cheap. It took a single growing season for this to happen.
There are a finite amount of BTC, they are as rare as they will ever be.

>>5362203
https://medium.com/@bitfinexed/the-bitfinex-dilemma-blow-up-now-or-try-a-hail-mary-to-retain-in-business-10b9d989359f

What a bell end!
There's a limited supply for one

>>5362432
land in mississippi isn't flowers
the south sea company isn't land in mississippi
south sea company isn't bitcoin

>>5362561
really think about what you just said for a second and consider that it's unironically correct

>>5362203
>"tulip mania"
If you had read a book of european history you would know the "tulip mania" was greatly exaggerated in terms of money at stake and social impacts and no historian/economist would call it a financial bubble.
You can compare cryptos with various existing financial bubbles (dotcom, real estate...) but stop using this "tulip mania" like a buzzfeed/slate journalist

>>5362607
They're still only tiny pieces of data that have no real world value. They dont get used in any way shape or form in normal life. If your currency isnt used in the real world. Its not real.

>>5362203
Because you fail at charts.

its over boys

>>5362561
>this post
Oy_veys_internally.png

>>5362607
It took a single altcoin season ...

>>5362561
nigga you are R e T a R D E D

Tulips die and are more difficult to store

>>5362719
honestly i hope to god

>>5362664
Stay poor.
Just because you don't understand something, does not mean it doesn't have value.
Value is calculated by what someone is willing to pay for it.
There is little more to it.

>>5362607
oh well at least bitcoins can't be grown and they have to be mined

when nobody wants the secret rare coins they're still worthless though

>>5362561
don't you know that all govt is is people trying to make more money?

>>5362449
1) Wrong
2) Wrong
3) 99% are not even in circulation
4) LOLOOOOOOLOOOO OOOOOOOOL LLLLOOOOOOOOOOLLLLLLLLL
L
O
OOO
OOOOOO
OOOOOOOOOOOOO
OOOOOOOOOOOOOOOOOOOOOOOOOOOOL

we seen that with segwit2x kek

>>5362664

>>5362756
>Value is calculated by what someone is willing to pay for it.
Yep
And in bubbles that willingness plummets as soon as growth is no longer expected

>>5362357
That's assuming anyone still wants to mine it in 5 years.

Tulips you can plant and multiply.
Bitcoin has set quantity.

It means rising price of tulips was bubble, rising price of bitcoin is justified by the growing number of people wanting to buy it.

>>5362784
reductionist fallacy

>>5362764
They will be worthless if nobody wants them.
You are correct.
The flaw here is that they are gaining in popularity as they allow wealth to be moved internationally without the need of any exterior permission.

You pay for something with your card, your bank gives you permission to use that card.

I send BTC to my Brother in Australia, he gets it with my permission only.

>>5362253
PATTERNS ARE STRANGELY SIMILAR ARENT THEY

You cant use tulips to buy snuff porn.

>>5362203
Look at every major company before they went public and tell me why if they go x10000 and then get stable its normal and btc is a bubble. cya at mcdonalds

>>5362449
HAHAH

The perfect form of money has to be a good transfer of value, otherwise it cannot even be a good form of money.

Let's check: let me buy this thing for 100$ in Bitcoin. Oh wait, I have to pay 150$ with fees and the transaction won't get a confirmation before 1 hour. <-- perfect form of money right there

The only real argument for bitcoin's price to be over inflated comes from the tether thing

>>5362814
the duration of the bubble depends on the patience of the holders

>>5362866
The fact you and all these other fools think a 20 times increase in a year is normal boggles me.
Sell it while you still can.

>>5362898
b-but when bitcoin stabilizes at 500k our transaction fees wont mean anything cause we'll all be rich !

>>5362203

>>5362928
no way mr sheckelstein
go back to your stocks senor

>>5362928
Why do you care, have you shorted BTC?

>>5362898
>What is Lightning Network

>>5362449
>infinitely divisible
it's not

carry on

>>5362898

Thats why buttcoin sucks and ripple, eth, or LTC will take its place

>>5363026
>not knowing how LN works and how it won't solve the problem

>>5362203
>tulips can safely store value long term
>tulips can be used to transact business
>tulips have been going up in price for years
>tulips are used to trade in all flowers
>flowers in general are slowly replacing functions previously covered by fiat
>the black market loves tulips

>>5363023
How is this even relevant to the argument?

hi dad

>>5363135
I am just wondering the motive behind the hate posts.
If someone thinks this is all a bubble and we are all going to lose money, then they can think that, quite why they need to come here and tell us all is baffling.
Unless of course they want to push the price down.

>>5362596
Unlike other stores of value (for example gold), bitcoin/litecoin cannot be physically seized by the government. So it's an excellent safe haven for when trust in established systems of finance and government is falling.

>>5362975
>>5363085
>>5363133
>>5363168
>>5363251
saving, but not for the same reason you did :^)

>>5363197

they are scared they missed out, jealous we are making tons of money, and confused as to how it works.

Honestly I feel bad for people like this, assuming they are serious. Their lives will be much harder in the future.

>>5362975
>first bitcoin selloff occured in september 2017

>>5362241
> buy dozens of physical wallets
> add some bitcoin to each
> throw them on the floor
> commence tiptoeing

REVERSE CHECKMATE BITCH

>>5363146
gotcha "son"

>>5363357
> throw them on the floor
> commence tiptoeing
NOT
> throw them on the floor
> everyone walk the dinosaur
You fail at posting.

>>5363439
Bye bye boomer

>>5363439
luv 2 post tired memes

>>5362203
>looking at the linear graph
this dip is nothing special

>>5363563
t. t_D

>>5362607
>There are a finite amount of BTC, they are as rare as they will ever be.

There are tons of altcoins

>>5363623
keep telling yourself that buttcoiners

it's not quite the same but it has divorces Bitcoin from its original purpose. I mean how do you promote Bitcoin as a legit currency alternative when you get massive 20%+ fluctuations in its value daily? At this point it's pretty much a financial speculation market until something gives

>>5363168
yea history is some weird theory.

>>5362203
Notuliper mad

>>5363753
> I only have ten toes.
> Oh man, my toes will be worth MILLIONS

>>5363763
>>5364300
stop that.

>>5362203
>being this new

>Explain why Bitcoin isn't Tulip Mania.

because its p2p electronic cash that is accepted in plenty of vendors and sites, tax free i might add.
but bitcoin barely does the thing it was meant to do. so iota,ripple or some other shit is going to replace it.
right now litecoin is the best candidate, altho its getting to a similar situation with bitcoin (shit supply,high fees). it would just get there slowly

>>5362203
bitcoin is not tulips.
your argument is invalid.

cause its not a tulip u faggot

>>5363249
>bitcoin/litecoin cannot be physically seized by the government.
wtf are you saying.
silk road rings any bells?

>>5362928
>>5362992
/biz/ was so comfy when peopel still talked about stocks.

>>5362203
Because average people are buying cryptos even tho they are at all time highs.... nobody bought fucking tulip bulbs when they were 5 grand...

>>5362203
Because there never was a "tulip mania"
https://www.smithsonianmag.com/history/there-never-was-real-tulip-fever-180964915/

>>5365230
Except they literally did.

>>5362607
>all this muh alt coins

If alt coins didn't exist and it was just bitcoin, the price of bitcoin would be like 150k right now.

Because unlike tulips, Bitcoin and other crypto have real world utility.

>>5365613
Bitcoin has zero utility. It's a big joke.
A few other cryptos have actual usecases.
The rest are pyramid schemes.

>>5362203
because btc is directly connected to the value of the cryptomarket, it is the reference gold standard.
it can't keep up to be traded though, so find a solution for decentralized storage

>>5365613
It's a number on a screen.
Show me anyone with actual tangible bitcoin

>>5365856
>hurr durr fiat currency is tulips
This is literally how fucking stupid you sound to anyone with >high school education.

>>5365856
So is all my real money. Credit cards, bank about, direct deposit. I haven't touched cash in years.

Don't misunderstand (I'm sure you will anyways) I think Bitcoin is overvalued right now.

>>5365638
>>5365856
I can take Bitcoin and exchange it for cash or use it at shops that accept Bitcoin. I've already withdrawn $15k from an initial investment of less than $1k. In what way is that not real?

You literally had another chance today to stop being a nocoiner and you're still here coping as we go back to near 15k.

See you at 25k when you're asking if it's too late.

Because Tulip mania lasted 1 year in the 1600's you stupid fuck

>>5363197
ding ding ding

>>5365905
t. IQ80

Tulips aren't limited, bitcoins are. When tulips get lost you make new tulips. When bitcoins get lost it gets deducted from the supply.

Not only that, you are comparing assets with complete differen distribution. That from 350 years ago. It's blatant stupid.

>>5366170
I rode bitcoin up since 2013 and made a profit.
Now I'm making more profit on alt-coins.
> tell-me-again.jpg

>>5366387
> bitcoins aren't limited
> anyone can fork it and make their own
gg

>>5362203

Underlying advancements in applicable technologies that serve profitable industries in myriads of ways.
Vs.
Pretty rare flower dick swinging contest.

Gee Anon, you're right! You're such a genious. Selling 100k.

>>5366477
> Underlying advancements in applicable technologies that serve profitable industries in myriads of ways.

You just made an argument against Bitcoin and for Ripple.

lmao

Human population is a bubble guys

>>5366447
Which isn't the real bitcoin. That's pretty clear by now. And only 1 got traction, there are 1500 other coins that got volume too. So i don't see your point?

>>5366536
> thinks he's joking

>>5366546
Exactly. You don't see my point :)

Because unlike Tulip Mania it resisted crash after crash, always returning stronger than before.

>>5366592
Then make it clear.

>>5366520

I'm making the case for all crypto, while holding XRP and NEM.

If you want to be a pedantic cunt, let me rephrase ever so slightly:
>Launch pad for underlying advancements in applicable technologies that serve profitable industries in myriads of ways.
>Vs.
>Pretty rare flower dick swinging contest.

You didn't ask if bitcoin would last forever. You asked how it was different from Tulip Mania. Go tell your mother about your 300 XRP stack again.

>>5364692
>that is accepted in plenty of vendors and sites
no, it's not

> tax free i might add
technically yes, in practical terms, not at all

>>5362253
>tulips
>currency that basically noone can take away from you and you can actually use to buy shit

Yeah they're exactly the same.

>>5366640
t. guy who can't read IDs

>>5366736
You really are an insufferable prick.

Why are you even here, just to be a dick?

>>5366736
Yea, sorry pal.

>>5362893
If bitcoin does turn out to be legit, could you at least stop acting like such a cunt about it? If the people here are the new billionaires of our generation, keep in mind you are on the verge of a revolution and losing not just your possessions, but your lives. So maybe start thinking about how to make the world better before a mob starts thinking about how to make your lives much much worse. It might seem like a game, but there are consequences to your actions.

>>5366889
Dude, we will be all on the fucking Moon driving lambos and flinging rocket-propelled-shit at the normies in Earth.

>tfw digital tulips

>>5365561
You people shitpost here all day and still haven't figured out this shit? Of course bitcoin wouldn't be like 150k. It would be worth shit. Bitcoin is just being used as gold to father a ton of currencies and economies..

>>5366793
t. guy who gets mad on 4chan

>>5367413
Why do you post somewhere that you obviously dont like?
You a moron or a troll?
I must be mad because you say so?
To be fair, if I was out and a guy spoke to me the way you talk to people here, I would have put you on your ass. Pricks like you must love the internet, where you can just be a prick and sit there thinking you are great.

You're not, you're a fucking cretin.

>>5362203
Explain why Bitcoin is Tulip Mania.

protip: you can't

>>5367587
t. guy who is willing to commit assault over speech he doesn't like

>>5367587
>rat
ID checks out

>>5362449
>Bitcoin/Litecoin is the perfect form of money.


>fundamentally limited in quantity so naturally deflationary
>perfect currency

Unironic first time buyer. Should I invest 1000 right now or wait?

>>5365363
No... they didn't... Because you can't purchase a fraction of a tulip bulb like you can cryptos...

>>5366536
with climate change it is, yes

>>5362203
Peter Schiff getting BTFO

https://youtu.be/Cuvpd0EwtHw

these shit arguments have been debunked many times, people think they're prophets for spouting le tulip bubble.

>>5367870
wait for 8k

>>5362203
>Explain why Bitcoin isn't Tulip Mania.
>protip: you can't.

Bitcoin has been in existence for sometime.

Cryptocurrency in general would never have the same level of exposure, or public investment, had bitcoin not been there.

Look at how tough an asset BTC is? Lifespan, hardiness, recognition and it's costs. $ 14,000.00 is nothing to be sniffed at. No other cryptocurrency comes near it.

>>5368119
How do you know it's going to go to 8k?

>>5368233
nobody knows retard just WAIT

pic related could be ur wife if you're PATIENT enough

>>5368120
>implying
Nigga, bitcoin is nothing special. If Doge came before bitcoin then we would see Doge in the highs now. Youre essentially saying that cryptocurrency wouldnt exist without first crypto existing.

>hardiness
Kek, how are those lost coins working for you sonny
>recognition
Yes, its the most popular at least for now.
>$ 14,000.00 is nothing to be sniffed at. No other cryptocurrency comes near it.
Thats false

>>5368353
>Yes, its the most popular at least for now.
>$ 14,000.00 is nothing to be sniffed at. No other cryptocurrency comes near it.
>Thats false
Explain why it's false then faggot

>>5366725
what do you buy with bitcoin?

>>5368399
>explain why its false
Because there are more expensive coins out there :^)

>>5366725
No it's the other way around, you have to be able to buy shit with it for it to be a currency.

>>5368119
Dude, this isn't a a Dead Cat Bounce. This IS the rally.

>>5362203
MUH TULIP

>>5363870
it will eventually stabilise once its all been mined

>>5368531
Real money.

>>5367951
You can't purchase fractions of crypto either.
There's a single base unit.
You're confusing yourself by thinking that 1 is the base unit.

reminder cryptos are backed by the energy and resources spent making them minimum

>>5362975

Is this the gambling addict general?

Bear trap or not, I cashed out most of my crypto at $15k. If it crashes to the ground, I'm still happy with the gains I made so far. If it moons, I still have my ticket to lamboland.

>>5362203
cryptocoins and the tech behind it in general has practical use, more so in the near future.
tulips dont.
youre confusing mania with new tech adoption rate.