/biz/ - Business & Finance

>>57911618
Retard.

>>57911645
What?

would you buy BTC at 20K in late 2020?

>>57911618
ETFs get audited to confirm the BTC is spot.
>people buy ETF -> ETF has to buy bitcoin

>>57911618
Because old ATH marks the beginning of the bullrun, newfag

>>57911618
BTCs true value is 1 million

>>57911618
Wait until you realize blackrock hasnt even started by BTC for themselves yet

>>57911658
This. They don't have a choice.
I'm sure there's some Jewish magic they can pull to get around it, but as it stands they have to buy BTC as long as their customers do.

>>57911656
it was impossible for it to pump over 20k then and continue to go up because it was the prior ath... it was an illegal move and the rule breakers still need to be punished for violating the preconceived notions and artificial limitations of bobos and nocoiners.

>>57911709
It's spot but Jews control the spot

>>57911618
I can't believe this is my competition

>>57911773
i know. average nigger talking about crypto doesnt know what hashing algo bitcoin uses

.

>>57911678
>BTCs true value is 1 million
Why? What use does it have?

Is this other thing going to be poisoned too?

Glycerin is the most effective chemical for bringing deep tissue moisture up to the surface layer of the skin. I have a problem with dry skin lately.

>>57911898
What's the biggest etf?

>>57911982
>Glycerin is the most effective chemical
In fact, the other stuff in lotion besides glycerin is there mainly to make it seem like you're not rubbing pure glycerin on your skin.

>>57911982
Have you tried a coffee enema?

>>57912010
You should kill your family before you kill yourself to avoid what will happen if you don't.

>>57912043
Just try a coffee enema it will help with your decaying festering rotten skin. God is telling you something anon. Try the coffee

>>57911944
filtering retards like you who still ask stupid questions like this, because you can't do your own research and/or have a misplaced sense of pride about your own analytical ability, despite you so easily being satisfied with your midwit normie conclusions you arrived at. read a book or ten, faggot.

>>57911944
It remains value, due to hard cap, and is able to transmit that value anywhere in the world. US treasuries work similarly but are inferior.

>>57911898
Blackrock has captured btc from the normalfags by selling the ETF which is easier and normie friendly. Cattle get IOU's Blackrock gets BTC.
>not your keys or something..
Its devious as fuck but its how they will legitimize it to the unwashed masses and pump our bags until they find a fucking way to try to steal that too

>>57911709
>>57911658
Once the etf tanks nobody will buy anymore. This is a one time thing

>>57912078
>It remains value, due to hard cap
Scarcity doesn't mean it's valuable. It means it's scarce. Or limit of supply. Lets say there is a limited supply of poop dolls made out of the poop factory that is now defunct. This doesn't mean the poop dolls are now suddenly valuable.
>and is able to transmit that value anywhere in the world.
Like creditcards, paypal, all of banking system.
>US treasuries work similarly but are inferior.
Superior* because they aren't volitile and actually useful for trade.

>>57912072
>filtering retards like you who still ask stupid questions like this
Imagine getting so mad and defensive at the most milquetoast question ever in existance. The reason you're INSTANTLY getting this defensive is you know, it really has no value and soon the music stops you'll be holding the biggest bag of shit to exist due to your complusive gambling behavior.
>because you can't do your own research and/or have a misplaced sense of pride about your own analytical ability, despite you so easily being satisfied with your midwit normie conclusions you arrived at. read a book or ten, faggot.
No book will tell you bitcoin has value. It's useless. Nobody uses it for trade. Nobody uses it for anything other than scamming people or selling it to the bigger sucker. When you look at anything on this board, nobody is talking about the usefulness of bitcoin, it's to sell it at peak. That's all they want to do. It's designed for gambling degenerates. Not really useful for everyday trade.

>read a book or ten, faggot.
I doubt you've read anything.

The value of a Store of Value is derived from demand for Store of Value. SoV stores value dispersed within the economy by being something that meets the demand for SoV. If I buy something with good SoV properties and high network effect it will have SoV demand in the future and therefore hold real terms value.

Bitcon is the world's first fixed unit of account, trustless, stateless, transparent, can be securely self-custodied. A quantum leap in stores of value.
>so why isn't it already a billion trillion dollars?
Network effect. Capitalization. That's all that's left, and its network of use as a SoV grows each day.

Network effect is a positive feedback loop in a SoV as buyers of SoV want the SoV that others use, it's already passed the point of no return, this halving marks the inflection point where BTC inflation (1.7% now) falls well below gold's mining inflation (2%), at all future points BTC will only ever be a better and better fixed unit of account, there are no brakes on this train.

>>57911944
Ffs dude Bitcoin is over a decade old and you’re on square one. Get off this board and read the basics

They literally have to buy if people buy their ETF. What the fuck where do you assholes come from?

>BTC at ATH
>normies still in disbelief
We're going over 200k by 2026 aren't we?

>>57912332
People aren't going to buy when the see in crashed before. This is a one time thing

>>57912369
Well, evidently people are still buying the ETF. How do you think these funds work, ESL?

>>57912334
Well bull runs only last about a year to a year and a half from halving, so by 2026 we'll be crashing or in a bear market. But we're also early this run so I think we might hit $200k this year, let alone next year.

>>57912369
RETARD ALERT!
>he doesn't know about governments wanting to buy millions of bitcoin
>he doesn't know about other ETFs worldwide in europe and asia
>he doesn't know about blackrock wanting to buy btc for themself
>he doesn't know about billionaries worldwide wanting to accumulate btc individually by themself
>he doesn't know the true intrigue value of BTC
NGMI, midwit.

>>57912397
>Well, evidently people are still buying the ETF
You call me an ESL but you obviously don't understand. It hasn't crashed yet because it was approved during a bull market. When the bear market comes, all of them will be wrecked. Nobody will buy after. This is a one time thing my low IQ friend

>>57912619
Oh, I see. 2 more weeks it is.

>>57912640
Ahh so you're a newfag who thinks bullruns go forever because you've never been in one before. Makes sense you sound so naive

>>57912369
>This is a one time thing

>>57913326
I'm correct

Bump

>>57911618
My acc on dextools is still relatively new so i haven't invested yet, i'll wait til it dumps a little to buy low, i dont want to gamble TOO much

>>57911618
>this rally will fail like the others
looks like 100k is around the corner

it will be interesting to see how the etf will weather the inevitable hardfork coming within the next 4 years

>>57914740
>hardfork coming
Lol

>>57911618
Is a good time to buyTau AGRS x2 after NVIDIA conference

>>57914786
promises since 2017

>>57914845
0.95 Jan 10x only this year

>>57914845
Let me guess, you got tired of losing money on Doge Memes and shty coins

>>57914845
Get better info, retard

>>57915108

>>57914773
He’s right. A hardfork will come because BTC can’t really survive without upping its security fees somehow. The way to do that is through changing the code to do a flat % inflation. It will happen and when it does there’ll be a war in confidence

>>57916433
>BTC can’t really survive without upping its security fees somehow

Wrong, BTC price go up forever as fiat money fails and nation states need a medium of electronic value exchange with no counterparty risk. Miners will be eating until the year 2200.

>>57911618
Because I buy every 2 weeks and will buy forever. The 401k is the most powerful investing tool in the world and if you arent packing it full to the brim youre a FUCKING RETARD

>>57916633
Whys a 401k more powerful than an IRA?

>>57911898
I just saw this at LaGuardia airport. Non stop etf buying is happening. A slow sustained upward pressure, just wait when supply dwindles, the pressure will push BTC endlessly. I don't think the whales can't tank BTC anymore.

>>57911618
All BTC is at this stage is a short on the dollar.

As economies continue to degenerate and failing empires attempt to print their way out of bankruptcy, Bitcoin will be one of the few life jackets able to keep your head above the waterline.

>>57916752
Because (if you have a decent employer) they are matching your contributions which is free money and doesnt count towards the yearly cap.

>>57916433
certainly yes. a hard fork is also necessary for quantum resistance.

>>57916995
> tommy moustache

Anons, how much time we have left before that Blackrock creep owns most of it?? I need to keep stacking sats but the cash is low and can't get a loan right now

>>57917198
You just need 1

>>57912274
Dull little slavemind.

Median of Exchange is a trivial use of money as transactional use carries little term risk, see: fiat value over time versus gold, BTC, equities. The chunky part of Money is the Store of Value, Unit of Account demand, as these demands can't be met by anything but an abstraction like money. BTC is a quantum leap in these properties of money, fixed in supply, stateless, trustless, transparent ledger etc etc. Compared to gold, with it's infinite supply and 2% inflation, or equities with their enterprise risk and unlimited supply, bitcoin is unmatched
>>57916433
Checked, but no. Miner reward is sufficient until at least 2040, the way forward after (assuming the most bearish mature capitalization of ~$15T in 2024 dollars) will almost certainly be larger blocks as that already has significant mindshare
>>57917121
QR can be done with a soft fork, tho hard forks aren't an issue for things like QR anyway as no one will champion the other chain

>>57917690
>QR can be done with a soft fork
how?
>as no one will champion the other chain
how do you foresee the community coming to consensus on a US government approved quantum signing algorithm, since NSF is the only body attempting to find candidates?

Anons, you're making me scared. I might have drunk too much of Saylor's cum about how btc is like buying Manhattan real state 200 years ago.

>>57912274
Ngmi

>>57912274
Richer and richer people keep paying more and more for it, but anon says it has no value.

>>57917690
>Median of Exchange is a trivial use of money as transactional use carries little term risk, see: fiat value over time versus gold, BTC, equities. The chunky part of Money is the Store of Value, Unit of Account demand, as these demands can't be met by anything but an abstraction like money. BTC is a quantum leap in these properties of money, fixed in supply, stateless, trustless, transparent ledger etc etc. Compared to gold, with it's infinite supply and 2% inflation, or equities with their enterprise risk and unlimited supply, bitcoin is unmatched

I see a lot of yapping and bullshit but none of it gives it reason for why its valuation is deserved. Money does a better job at being money, a means to buy and sell things which BTC is not. Gold/properties are better store of value because they're physically there, they exist and can be used for other things in the real world. You can rent out your property, you can make jewelry/electronics with gold. Equities can generate value through its profits and future growth. None of which btc does, it's just made for complusive irrational people to gamble their shit.


>>57917799
>Ngmi
picrel ;)


>>57917945
I don't know any rich person who cares for bitcoin more than gold, commodity, properties, or businesses. It's nice to have on the side to buy a little when it's low and sell it when it's high (kinda like how it is now) to suckers but otherwise it's not really useful. It's gambling. Not investment.
If most of you crypto tards would admit "Yes I enjoy gambling! BTC is great for my gambling needs!" then i'd have more respect for you guys but none of you guys say that and think it's a real revolutionary thing that'll change the world. It has existed for now 15 years and has not done anything productive in anyones existence.

>>57911618
imagine not being a btc maxi and having boomers like saylor, larry fink, adam beck, 401k holders, etc. by your side

>>57917718
>how do you foresee the community coming to consensus on a US government approved quantum signing algorithm, since NSF is the only body attempting to find candidates?
QR in BTC involves migration to a new wallet using a QR PKC, that's it. If multiple QR PKC have such diehard supporters that they'd chain split
(not happening), you'd just include the top n QR PKC algorithms as different (compatible) wallet types (yes this is possible, no this is not difficult).

>>57918063
>Gold/properties are better store of value because they're physically there, they exist and can be used for other things in the real world. You can rent out your property, you can make jewelry/electronics with gold. Equities can generate value through its profits and future growth. None of which btc does, it's just made for complusive irrational people to gamble their shit.
Kek. What a dumb fucking slavemind. I already showed you how BTC is infinity preferably to gold/equities (>>57912319). Real property? Don't make me laugh! A 57% real terms decline since '71! HAAHAHAHAHHAHA.

Slavemind, what is created when new money is created other than a new fraudulent claim on existing resources? Where will this new money flow, slavemind?

The wagie was born to slave, even when spoonfed he refuses to free himself from the shackles of his own creation, would he only open his eyes to empirical reality and bend the knee to God (the superorganism Economy) he'd be instantly free, yet he refuses, instead defending to his last breath the very memetic parasites that feed upon his life blood.

>>57912768
Kys ESL.

>>57918718
>No response
Sounds about right

>>57912103
Once gold tanks nobody will buy anymore. This is a one time thing

Yea, happened just like that.

>>57911618
>Why would you buy at ath?

maybe because the halvening we plowed through the previous ath and made lots and lots of money?

duhh