/biz/ - Business & Finance

>>56859329
its the first then eth then big then small caps

>>56859329
Because to displace old tech is not enough to be 1-2-3-4x better you have to be 10x better for people to incur the cost of switching.

Also the tech in bitcoin is not outdated, it is actually unmatched and probably will never be matched by any other asset in our lifetimes.

I know it sounds silly but you must understand Bitcoin IS money. Everything else is not. Eth is not, fiat is not, gold is no longer. There’s no room for any other money in the economy when something like bitcoin emerges all other monies either break or harden. The only way the dollar can survive is if the government hardens it. That would entail completely changing how the government taxes, spends and manages the economy. You just can’t steer am aircraft carrier like a speed boat.

So the result is bitcoin will moon. Forever. Bitcoin has no price. Bitcoin IS the denominator of all other assets. If you’re not pricing everything you wanna buy against BTC then you are likely underperforming or taking massive risk and getting lucky.

>>56859432
retard

>>56859432
>bitcoin is money
>7tps
ok
Its sov!

>>56859441
hes right and youre poor

BTC is king because it is truly decentralized... For now

>>56859454
blackrock and the other burger corpo jews are probably already way over 50% hash, but who knows.....

>>56859432
he is actually right

>>56859329
You should be in Bitcoin first until it finishes its crycle, then there will be a few weeks of shitcoins mooning left and right, the everything collapses again

>>56859441
Shitcoiner detected

>>56859329
bacuse your alts are all hype, nobody uses them for anything
people use bitcoin as a savings tool/store of value
>b-but muh 80% corections store of value lol Xddddddddddd
stay poor fucktards

>>56859454
>for now
how many years left until the schism

>>56859432
>old tech
>tech
I love how cryptotards STILL like to pretend they use their shitcoins for anything meaningful other than pure speculation

This is a good thing
The higher bitcoin pumps and dominance goes up
The harder alts pump later

BTC is the only real decentralized coin, the only one govs cant stop and cant control, the only one who will definately survive. the rest gambling to make it, i have 90% alts and 10% btc, i will sell all alts next bullrun and hold all btc...

>>56859329
There's honestly not that many alts that serve a useful function. Inb4
>btc is obsolete
Well it's the standard and it turns out it's good enough.
I'm not saying there's no good alts, it's just a lot of them are just copies of each other, do unique things that don't matter/no one cares about, and are obviously just a grift by the creators
I'll just pick randoms from my screen and show you
>decentraland
Why? It's the million dollar homepage with extra steps. No purpose
>avalance
Eth does the same thing
>polkadot
Link already does this

>>56859329
TPTB are desperately trying to keep people from flooding into gold/silver and any cryptos with real utility.

>>56859329
because we're pre-halvening. Is this your first bull?

see >>56859350

>>56859329
>newshit learns every single non-BTC crypto is a scam and exists solely to trade for more BTC

>>56859449
It's not money, it's a store of value, digital gold.

>>56859622
Gold has utility. btc has no utility.

>>56859481
hows your gold doing metalfag?
DUMPING HARD again, i see...

>>56859580
>>56859631
gold is going to zero

>>56859668
It will go dark, but not to zero. After that it will blow btc the fuck out

>>56859622
>digital gold
>Bitcoin:A Peer-to-Peer Electronic Cash System
sure.

>>56859810
Well, you can also pay with gold at some places after all.
It's just not efficient anymore.
It serves as a store of value now.

it's a grand scale rugpull

>>56859329
SCALE and infrastructure

>>56859711
nah, LITERALLY going to zero as we speak.
it is worthless, after all.

>>56860144
BTC is just getting pumped so the whales can dump that trash

Because we're still deep in Bitcoin cycle, Alts will get their time sometime in 2025 or maybe even 2024

Most alts literally made ATL in sats today lmao

>>56859449
You can't have high tps, and security, and decentralisation. There is a reason bitcoin has this limitation, and it's a limitation that is easily solved on layer2s. Monero for example will not be realistically decentralised in the future, many other coins that cram too much tech in the baselayer for shiny fast transactions will also tend towards centralisation.

Bitcoin is just too important to compromise for the sake of a little convenience, and this is why it is vastly more valuable than any other coin.

>>56859329
It wasn't premined by a kike cabal

>>56860208
>"that trash"
is shitting on everything else, forever.
its over, you lost.

>>56859450
ur LATE MAJORITY dont forget

>>56860370
poetic golden turds

Recession next year and boomers look for a safe haven which is Crypto. Altcoin is still to risky in their eyes

>>56859432
I never thought I'd see a comment this based on this shothole of a board

>>56859481
i love how nocoiners still post here, bullish AF

>>56859432
a TRAVESTY that this level of based gets no better than a red id

>>56859329
because every other protocols are compromised centralized shitcoins. Why would would you stake your wealth preservation on something centralized if you are trying to get away from centralized banking.

>>56859329
It just works

>>56859432
How exactly is Bitcoin money when you can’t buy anything with it and the technology is so poorly thought out even if you could you still couldn’t because it simply can not scale?

Bitcoin is wampum. We already have moved past its use and anyone still holding on is only waiting for their time to get slaughtered.

>>56859432
>Because to displace old tech is not enough to be 1-2-3-4x better you have to be 10x better for people to incur the cost of switching.
Says the guy talking about a coin which offers ZERO benefits to the average user or merchant for transactional purposes. Bitcoin is NOT money. It is SLOW, EXPENSIVE, and can barely even handle FIVE TRANSACTIONS PER SECOND. That's why NO ONE USES IT except as a speculative vehicle so they can acquire more actual money: FIAT, or literally ANY OTHER ASSET.

>Muh Lightning
You could not even onboard 10% of the world's population onto the Lightning Network, because you still need to do an on-chain transaction to open your Lightning Channel, which means it would take over FIVE YEARS. Not to mention LN is ABSOLUTE GARBAGE and shows ZERO CHANCES of ever being used, ZERO IMPROVEMENT in nearly a decade, and certainly not a TEN X improvement over any traditional payment network.

>Muh Digital Gold
We already had digital gold. Go buy a share of a gold trust. Order some gold online and have it delivered to your door. The point of bitcoin was digital gold YOU COULD SPEND. Aka, DIGITAL CASH. It's in the TITLE OF THE FUCKING WHITEPAPER. We don't need slow expensive gold that no one can afford to move and that sits in a centralized exchange or is held on a brokerage account in an ETF. Bitcoin has become so shitty that it's literally easier to scale it by WRAPPING IT onto OTHER NETWORKS.

Bitcoin is not better than anything. It is a DEAD, DYING project (literally dying, as it needs exponential price increases just to maintain security), whose laser-eye cult members have been brainwashed into believing it is better for everyone to run a useless node so they can verify transactions NO ONE CAN AFFORD TO MAKE.

The only purpose of bitcoin today: FOR THE PRICE TO GO UP.

>>56859329
because crypto failed

>>56860345
Based. Over the long term protocol complexity will be the downfall of many chains.

>>56860345
this
retards on biz didn't understand it in 2017 and they still don't get it in 2023

Because it was never about """""the tech""""" and you're a coattailing moron

>>56859329
Because it has reputation. Yep, it's that simple.

>>56861126
bitcoin isn't gonna be the next visa retard, it's gonna be used for large transactions only, for small transactions there will be layer 2-3 solutions, poorfags that want to move $50 of btc don't need the security that a whale needs to move $100MM do you get it through your thick skull?

no one buys a bitcoin just to spend it, it doesn't make any sense only a retard would do that, if you buy bitcoin it's becasue you think it's gonna go up and when you think it's gonna go up why would you spend it? how is that even not widely understood by now?

bitcoin's value is in the fact that it's hard to change hard to hack, it has a hard supply cap, smart people hoard it, retards cry aobout not being able to pay for their avocado tost and $30coffee with it

>>56859329

>>56861302
>bitcoin's value is in the fact that it's hard to change hard to hack
So is my old encrypted hard drive. DOESN'T FUCKING MATTER.
What gives something value is scarcity **and** usefulness.

>it's gonna be used for large transactions only
AKA: 99% of people will be priced out. The SAME FUCKING BANKS AND GOVERNMENTS that represent the "system" you talk about, are the only ones that will be able to actually use it.

>for small transactions there will be layer 2-3 solutions
LIKE WHAT? NAME THEM.

ALSO: YOU ARE LITERALLY DESCRIBING WHAT HAPPENED TO GOLD YOU MORON. PEOPLE STARTED SPENDING THE IOUS AND STORING THE GOLD AT BANKS. THEN THE GOLD WAS REMOVED BY THE BANKS/GOVERNMENTS, LEAVING JUST UNBACKED FUCKING PAPER. BITCOIN WAS THE ANSWER. DIGITAL GOLD YOU COULD SPEND. AKA, DIGITAL FUCKING CASH.

>no one buys a bitcoin just to spend it, it doesn't make any sense only a retard would do that
The absolute state of BTC morons today. "JUST USE VISA".
LOL.

>it has a hard supply cap
Can be changed if 51% of miners agree to change it. And they will change it within 4-8 years or else BTC will lose its security since there are PRACTICALLY NO TRANSACTIONS OCCURING ON THE BASE LAYER, certainly not enough to keep up with security. Mining revenue has not been replaced, even with the outrageous fees, simply because there are NOT ENOUGH TRANSACTIONS and the price can NOT KEEP GOING UP EXPONENTIALLY.

>if you buy bitcoin it's becasue you think it's gonna go up
I did that in 2015, 2016, and 2017, when I actually believed in it still. When it had an ACTUAL FUTURE as digital gold AND digital cash.
Now it has neither the latter, and thus, neither the former. The only purpose of Bitcoin today is for morons like you to dump it for more fiat. AKA, FOR THE PRICE TO GO UP.

>>56861333
check'd.
and then the last panel btc becomes illegal so he's back to fiat.

>>56861640
>there are PRACTICALLY NO TRANSACTIONS OCCURING ON THE BASE LAYER, certainly not enough to keep up with security.
If they did max out at 7 tps would that be enough? I have never understood this part.

>>56859432
>>56859622
>>56860345
It’s refreshing to see actual intelligent people post on this godforsaken board.

>>56861640
stop doing drugs and get regular sleep. you arent gaining anything by arguing with these broke btich niggers on here. you dont need to shill. at all. stop trying to shard.

>>56861753
>you arent gaining anything by arguing with these broke btich niggers on here
This part is correct. I have better things to do. Adios biztards.

>>56859329
where have you been in the last few months when alts outperformed BTC?
In the past 6 months, you could catch 5-10x from RIO, QANX, IXS...

>>56859544
>>avalance
>Eth does the same thing
Absolutely retarded.

>>56860345
you actually can. but only with better hardware.

>>56861640
>So is my old encrypted hard drive. DOESN'T FUCKING MATTER.
but there is a limitless amount of 'my old enctrypted hard drives'
if there was a limited amount of them and we could divide them and verifiably send to eachother it would be a different story

>>56861640
>LIKE WHAT? NAME THEM.
I don't know I'm sure there are some, lightning network, some cash app or whatever I don't even know because I don't fucking care I'll be doing maybe 1 transaction every 3 years so why should I even care about those things

>The absolute state of BTC morons today. "JUST USE VISA".
LOL.
then use bcash or bsv if they are so great, why isn't every normie and his grandma buying groceries with bsv or nano or whatever the next 'bitcoin but faster' shitcoin is, well maybe because there is 0 fucking demand to use a volatile asset that you think is gonna go up as an everyday currency

>Can be changed if 51% of miners agree to change it. And they will change it within 4-8 years or else BTC will lose its security since there are PRACTICALLY NO TRANSACTIONS OCCURING ON THE BASE LAYER, certainly not enough to keep up with security. Mining revenue has not been replaced, even with the outrageous fees, simply because there are NOT ENOUGH TRANSACTIONS and the price can NOT KEEP GOING UP EXPONENTIALLY.
don't you worry your little ass you dirty keynesian, if you want inflation introduce it in your bitcoin 'aletrnative' and we'll see how well it does

>The only purpose of Bitcoin today is for morons like you to dump it for more fiat. AKA, FOR THE PRICE TO GO UP.
alright then, I'll hold my bitcoin and you hold your FIAT/Bsv/whatever, we'll see who comes out on top

>>56859329
I said, War HAMMER
It's not about the money it's about the glamor
Big women, fast watches, crank the dial
trading futures in the future is my style
of fun I am the one who gets it done
with out a hitch, I'm married to the market
making green dollars out of white lines I cut fine
diamonds from powder I tend to trend to achieving
ownership bought the resort last season's
depression while you waited and waited for a harder
correction, you were in a rush even though you were flush
red with cash you had a stash you laughed when I bought
options you said "have some caution" you bitch out with that trash
money doesn't last so I invest fast
watching the crash reverse just like last
call to arms I went all in, nailed it
wall of fame number 1 whale on the chain
saw the vision my buys linked to insane gains cutting your brain
drain blood from your position your short
sighted it's my delight to call it liquid
date that bear as yesterday's lunch when you feel that credit
crunch your bones shatter remember it was me who swung the hammer

>>56861126
lmao at the nocoiner seeth, every nocoiner cope talking points

>>56861302
>no one buys a bitcoin just to spend it, it doesn't make any sense only a retard would do that
uhhhhhhh
btc had value initially because it was incorrectly thought to be anonymous and used to buy drugs.
it used to be backed by drugs.
and now there's people like you.

>>56861126
>We already had digital gold. Go buy a share of a gold trust.
gold isn't digital kek

>>56859441
the actual retard and ngmi

>>56859329
Safe to say that we're in Bitcoin season atm, alts will follow suit soon. But for now, the tokens I scalped have made good profits in percentages.

There's every certainty of plunging a certain amount into Funarcade's IDO launch which is upcoming but for now I'll bask in the platform's features.

They give 20% of their profits back to the players.. every time you bet, so basically earn reward points, and these reward points are worth real money.

>>56859432
>here's your coffee sir, that'll be $4.95 please
>sure i'll just pay in Bitcoin with my Ledger hardware wallet. It'll only take 30 mins to confirm and it'll cost just £8 for me to send. Amazing what technology can do these days, isn't it!
>um, sir, we can't accept your internet money, it's cash only, and we don't have 30 minutes to wait for payment
>but.. wait, what do you mean? they told me Bitcoin is real money!

>>56859329
Because USDT has a pair with BTC on every exchange. Don't spend your USD on BTC when it's price is pumped up by USDT. They are not equivalent.

>>56859329
>alts
you mean scam coins

>>56861974

>>56859432
That's all great, but BTC isn't bitcoin.

>>56859329
>Why is Boomer Tech Coin (BTC) outperforning my alts?

Hello sir Michael from altcoins-tech-support.com is here, let me check your portfolio ok? first you need download TeamViewer..