/biz/ - Business & Finance

Why would they publicly tell you the truth for free?

Really, think about it.

>>7527815

Because everyone will say "Goldman was right".

>>7527799
kys

>>7527799
Yes ofcourse mate, just like 90%+ of all start ups go to zero

Being on the blockchain doesn’t magically shield you from failing

Jesus Christ

>>7527815
Because no one would believe, bit when it happens they will be famous as the ones to have warned us and as the ones who were right all this time.

You don't have to be a genius to figure out most of this shit is going to zero. I mean seriously, think about it.

>>7527815
Because they're guys and dont want people to lose their money?

>>7527799
Why didn’t any of them warn us about the housing market? Think about it

I hold BTC but people who think about BTC like it's a foolproof system are fucking idiots and make me laugh.

BTC is not a religion

>>7527823
That and 0.005 BTC will get you a cup of coffee at Davos.

>>7527849
Someone has to be on the other side of those trades. Normies listening to Goldman will sell their crypto to....

>>7527868

>tfw the crypto babble will pop

>>7527799

Honestly last week showed us that nothing protects crypto from insane crashes. Nothing. When the panic sets in, even BTC enthusiasts sell their coins and lose faith.

If cryptos crashed completely, would you really be surprised?
No. You'd just realize that they were built on nothing.

>>7527799
i agree, nearly all will go to zero. its probably a thinly veiled message to buy btc, since they bought in big.

>>7527823

What the fuck are you on? These animals don't give a shit about nothing but money. If they "know something" they most certainly wouldn't be shearing, they'd be making bank.
If anything they know this shit is just getting started and want to get in as cheap as possible.

People who insist BTC is immortal do it because some of them hold 400k in BTC. At that point your mental well-being demands that you believe in it blindly.

FYI, normies still posting on /biz/ like >>7527944 mean we have further to fall.

If you read the article this is what /biz/ says anyway.

90% of coins are worthless shitcoins you know nothing of. The useful ones will make it. That's what it says. The title is clickbait.

>>7527967
>this shit is just getting started

What is? Monopoly money with $50 transfer costs? Yeah we have that already. It's not like its the tech of the future, it's the tech of today. And it sucks.

It's pretty obvious most crypto currencies will go to zero. Just look at the currency list in any exchange, what the fuck do they all have to offer? Eventually there will be winners for each niche and the competitors will die. I think XMR will be a winner in the privacy niche. BTC is the strongest contender as store of value. I'm not sure about ETH in the smart contract space.

>>7527967

You don't understand. (((They))) won't accept any currency not controlled by themselves. That's why they are going to destroy crypto in 2018. It's going to start with the Bitfinex subpoena. Tether is going to implode and Bitcoin will be going down with it. Just get out and wait until the situation has cleared up. It's going to be a global war against crypto.

>>7527849
*good guys

>>7527998
Now that Roger and chinks stopped spamming the network transactions are super cheap.

Apologize.

>>7528028

>>7527967
>this shit is just getting started

If you truly believe that, and you're not shilling, you're a completely deluded fool. You lack historical, social and economic background, like a typical entitled millenial

Looks like someone is trying to buy low sell high...

https://www.ccn.com/bitcoin-new-gold-better-safe-haven-asset-goldman-sachs/

>>7527799
NIce, just sold 100k BTC

>>7528040

It's way too easy to jam the whole BTC network.
Imagine if the whole world bought their groceries with BTC. There's no way the network could hold.

>>7527799
key word(s): nearly all
which means if you are doing youre homework like a good lil neet you will prevail

>>7527998
>>$50 transfer costs?
>this pajeet is still spreading months old kike FUD
Tell Mr. Noseberg to update your training materials.

>>7527799
>Lloyd Blankfein of Goldman-Sachs on the Bloomberg channel giving "financial advise" for free

Jfc that sounds only a little fishy

I worked at goldman last summer

If I gave my opinion to the media they could write about it and everyone would say "goldman said bitcoin to 10000k"

>>7528111
Just use the Lightmeme Network. You know, centralizing and creating overhead for a decentralized, low overhead network.

>>7528035
Why is /biz/ so full of /pol/-esque retards lately? You really think that they wouldn't be able to control your shitty new currency? And what difference would it make for you anyway? If Crypto becomes the norm, then the gold shifts away from it and never ever comes back.

We are the ones who take a risk. Who spend his time.

Project succeeds - richmen buy your coins to run their masternodes and earn a passive income.

Project tanks - you loose.

That's all.

Well, duh.

95% of all crypto are worthless me-too coins with the sole purpose of speculation. If you aren't in alts which are unique or backed up by real shit you're gonna be holding your Shitopia bags forever

>>7528153

>months old

Transferred BTC 5 days ago and it pretty much cost $30.

Just admit your precious BTC is absolute garbage.

>>7528218

This is the state of /biz/ in 2018.

How can one person be so delusional?

>>7527849

Aahahahahahahaha

>>7527799
thanks just bought 100k.

So why are they telling thier investors
"Goldman Sachs: Bitcoin will replace gold"
https://steemit.com/bitcoin/@tux6845/goldman-sachs-bitcoin-will-replace-gold

Meanwhile fidelity who has a 2.3 Trillion dollar is setting up Bitcoin mining.

Here's a hint. Do the exact opposite of whatever Goldman Sachs and Bear Sterns say on CNBC.

>>7528257
You can set any fee you dumb nigger, just because you're stupid enough to over pay when it could have been LITERALLY 100x less than that is your own fault stupid.

>>7528039
>Goldman Sachs are the good guys

>>7528257
bitmain thanks you for your stupidity
dumb fuck gweilo

>>7527849
>Goldman Sachs are the good guys

>>7527799
Well they're right. Look at all the shitcoins being shilled just on /biz/, most of them will go to zero. Stick with coins that actually have real users (the quality of the tech doesn't matter if nobody's using it) instead of empty promises or you'll be sorry.

>>7528439
The article clearly says MOST cryptos. Which is true.

>>7527799
it's not a fucking secret nobody needs 1500 flavors of world-wide crypto currencies with overlapping purposes.
no kidding most of this shit will disappear within the next 2 years. We'll be left with less than 50 viable, which will continue to compete until we're down to 10 which will include regional stuff like "crypto-rubles" etc because some fucktard dictators just wouldn't allow anything in their country that didn't have their names on it.

>>7528812
hahaha the fact that fags like you think that crypto"currencies" are just currencies like the ruble or dollar makes me feel really fucking good that we're nowhere near the end of this ride.

>>7528503
>>7528451
>i want slow transactions to exchanges when BTC is crashing

the jews at bloomberg hate bitcoin more than anyone else in the world

>>7528164
LIterally every name in that title is Jewish

>>7528998
This. Even the US Government said they expect 20 Trillion in the market by 2020

>>7528944
That's the point you stupid nigger you can set a lower fee and still get in on the next block...
He literally paid 100x too much, not even fucking kidding, then comes here trying to claim high fees, just fuck off retards.

>>7527799
you cant trust a face like that

>>7527799
It's afraid.

>>7529061
the blocks are so slow in bitcoin you can lose 10% if you miss one

How many times a day you use BTC instead of FIAT?

What are the actual use cases of Bitcoin instead of hoarding for gainz?

>>7527799
>soon
At least he specify the time frame, but i don't really see what has changed or what will change within the next year or so.
There are a lot of unusual investors in cryptos, what information would cause people like "us", to become convinced that the crypto game is over?

>>7527799
Lmao love these guys, like back in August when they said crypto is a meme.
Then later on it appears that they have been investing of the side.

>>7528999
They really are an impressively smart lot

Better choose a real project with an actual team, whitepaper, use cases, and proven tech.

Goldman is not wrong, there's so much money in vaporware and unproven tech just "waiting to moon" its literally just a shitcoin with killing of dollars of speculators buying only for profit waiting for dumb people to come in after them to dump

Those days are nearly over, enough people have been burnt already. You didn't think your December like 1000% gains in literally any coin could be sustained did you?

>>7529113
Even if that were true he could set it 10x lower lmfao, either way he WAY over paid, even if he really had to get in on the next block.

>>7527799
This is not new. MOST cryptos are shitcoins. We all already knew this. A few will succeed and be permanent though.

>>7529270

This.

>>7527849
Kek

>>7527799

Can we stop this retarded FUD already.

See:
https://www.bloomberg.com/news/articles/2017-12-21/goldman-is-said-to-be-building-a-cryptocurrency-trading-desk

>>7527998

>what are dapps and smart contracts

>>7528927
many of the current ones are LESS than currencies; mere prepaid tokens for this or that use case with a value that is not fixed (and likely zero this time next year, but thanks for your fiat :^))

>>7527799
yes sell everything Goyim, it's going to less than 0 anyway

>>7528218
/pol/ is so retarded
I can handle some edgy memes and jokes
But the fucking conspiracy theories range from plausible to fucking tinfoil hat doomsday prepping insanity
You have to read in between the lines and realize that the person on the other end of the internet might be batshit insane
Some of /biz/ thinks the spaceX launch was faked on a greenscreen

>>7527799
you're seriously listening to the CEO of Goldman Sachs. This board has fallen very far since 2017

>>7530004
True, but a lot are more than just simple currencies.
I agree the vast majority will go away, but honestly I doubt many will go to zero, just like bitcoineeeeeeect they will flounder but probably exist for a long time.

>>7527799

He wants to buy the dip

>>7527799

Yup (((they))) disinfo here all the time.

Prepare your angus...

>>7530066
spacex and nasa are fake, the military runs the space programme.

>>7527944
look at the dow faggot, nothing is protected from crashes, idiot.

>>7527849
>current year
>actually believing this

>>7527799
https://www.bloomberg.com/news/articles/2018-02-07/get-ready-for-most-cryptocurrencies-to-hit-zero-goldman-says........
>www.bloomberg.com
>bloomberg
>berg

something here tells me not to trust this source for an odd reason. jeez, i wonder what it is my gut is telling me here?

>>7527868
you think you know more than you actually do

>>7527944
just like fiat.

>>7527799
Hey I have started my own server FREE to join for ALL like minded investors.

we’re currently a small group so please give it time. There will be absolutely NO VIP/premium subscription membership b.s . It will be free forever. I want to make it more fun but more crypto oriented - LESS Spam, would you like to join?
i don't care about having 15,000 members, 100 contributing members is enough. i'm only asking people i think will bring value to the community

|discord| |dot| / WMwVeW5

>>7528998
anything thing that ends with berg or stein is jewtier and thus shit-tier

you know what bloomberg does for a living? they sell trading terminals to whales who don't understand they could also make their own terminal for much less...

>>7530352
fromunda cheese

>>7527799
Hey I have started my own server FREE to join for ALL like minded investors.

discord |dot| gg (/) WMwVeW5

There will be absolutely NO VIP/premium subscription membership b.s . It will be free forever. I want to make it more fun but more crypto oriented - LESS Spam, would you like to join?

i don't care about having 15,000 members, 100 contributing members is enough. i'm only asking people i think will bring value to the community

>all
>title says most

>>7527799
This is like three day old FUD. Old news. Besides, they kinda aren’t wrong. Most cryptos are shitcoins. Only the top 50 or so are worth it, and of those, only about 25% will be around 50 years from now.

>>7527799
95% of coins will go to zero, blankflein is correct. just like nasdaq bubble 95% of stocks vanished, few big survive of new technologies

>>7530678

this

there are over a 1000 different coins

most of them are utter garbage

>>7527799
Try reading the article sometime. If you dont think 90% will go to zero without outside influence you are delusional. How many tech startups survive? Look at the correlation graphs, what does that say about this market? Hope you did more research on your investments than you are doing with this post

>>7530644
>>7530678
Exactly. There’s shit being shilled that nobody’s ever heard of. President Trump Coin? Wtf is that? The article isn’t wrong, but the title is total clickbait.

>>7530742
It’s really the headline that people have a problem with, not the article. Normies only read headlines nowadays. If they see somebody say that crypto is going to zero, they’ll think crypto is going to zero.

>>7528035
Jibrel Jcash is a fix for the tether issue.

>>7528216
This

>>7528077
DASSA SCAAAM!

Most cryptocurrencies hitting zero is a fact and will happen eventually.
A lot of shit chains will die off when a one true chain emerges.
It will be like the corner store vs Walmart

>>7530711
actually over 1500 coins

>>7529038
>us government
>one senator who has invested heavily on crypto

Pick one

>>7530796
I guess I don't really care what people who don't read articles think. One day blockchain will be ubiquitous in their lives and they'll say, "I wonder whatever happened to bitcoin?, glad I didn't fall for that!"

>>7527815
Because their shorts are already in.

>>7527799
Gee I guess we should all panic, with all that centralized control over crypto they have...

kys OP

>>7527849
Attention everyone, this is what a normie looks like. Look real hard at the delusion and stupidity.

>>7529038
No, one person said "IF we see the same growth rate for two more years crypto will have a 20 trillion mc"
>IF

Would /biz/ consider my portfolio of ETH, LTC, BTC, XMR, XLM, XRP, NEO, and OMG safe?

>>7531071

Shorts need buyers. When you want to earn alot of money with shorts you need alot of buyers. Bad practice to FUD then.

Barron Trump has already taken control of the cyber money. Banks are skattering towards their last hopes of manipulating the market.

i don't see why not
99% tokens doesn't have working product, revenue or plans to monetize, most of them doesn't offer buyers anything in return and doesn't even used in actual product
and yet they are already 10x-1000x of initial price
that is not efficient and free market always kills inefficient products
same goes for currencies - pow coins are extremely inefficient ($5 from 1 gpu in january is a good example how much money goes to nowhere and unsustainable in long term) and others are not decentralized, making crypto and blockchain part irrelevant
and the central problem of all current cryptocurrencies (expect maybe aimed at DNM) is that exponential rise in price and artificial scarcity is opposite direction of mass adoption as fiat replacement - they should be gaining price only relatively to fiat decline (and i didn't see USD falling even 10x in 2017)

>>7531127
Youre a fucking normie for not being able to detect sarcasm through text

>>7527799
GOLDMAN SAYS OP IS FAG

>>7531176
You have a lot of redundancy in that portfolio. You could probably condense XLM and NEO shares into ETH, and BTC into LTC/XMR, and be just fine. Not sure why you consider XRP to be safe, honestly; banks don't actually need it to make use of Ripple's services, so it's essentially a no-use speculative token.

>>7531884
It's mainly in ETH/XLM/LTC/XMR; only a very small part is in the other coins. I kind of got caught up in the Ripple hype in december and bought at like 2.40, but oh well.

>want to buy up crypto market
>go on tv and use position of power in attempt to convince everyone it is worthless
nice try kike

>>7528439
>so they can burn everyone
Think:
>tell everyone to buy long
>short & dump the hell out of it

there was no crypto
now there is crypto
and crypto will be
from now on it will never be zero
its new tech thats getting slowly adopted by masses

learn how market fokin works
stay poor

>>7530066
Meh, no different then price prediction and TA threads.

But at the same time they're propping up decentralization of exchange with AirSwap. Teh feck

You crypto-currency HODLers are going up against the Illuminati. You're all going to lose! Sell everything now! BTC is NOT going to surpass 10k, it's going down!

https://youtu.be/PyZiVvrJZBI

>>7527799
You guys are all fucking dumb. Of course most will, look at CMC. Literally 99% are worthless.

Only maybe 5 will make it, two of those include ETH and XRP (whether you want to believe it or not).

BTC will not make it.

>>7530711
>>7530963
>>7530711
Maybe 90% are now shitcoins, but I do not see a future, where only 10 coins remain. There will be more then 1500 coins in the future, but the top will have 50%. Any social group with >1 Mio people will have their own coin just because they can have it, like a fucking lbgt coin.

>>7529270
This guy gets it

LOL you must be a child lol thinkin your overlord elites will warn you when you're fucked so you can save yourself

No child

When they tell you everything is great nothIng can go wrong is when you need to panic

>>7527799
Most of them should go to zero. Most coins are completely impractical or downright scams. So just because something is a coin doesn't mean it can defy reality. That's the correction that needs to happen over the next 2 years.