/biz/ - Business & Finance

I told you so.
We are way past the early adopter phase.

Just need a 10x and will be ok

>>9328012
>>9327968

But what are they going to buy? Just bitcoin?

>>9327968

Are we though? People keep saying how crypto is so mainstream now yet I don't know a single person IRL who owns any crypto.

https://medium.com/@mccannatron/12-graphs-that-show-just-how-early-the-cryptocurrency-market-is-653a4b8b2720

>>9328086

No joke, LINK holds well against BTC. A lot of Chinese projects seem to hold up well. Projects with relatively low volatility against BTC will probably give the best opportunity to beat the market.

There's a lot of talk about it for sure but for some reason it seems that not that many are buying/own any.

p-p-pensions!?!?

>>9328142
But if they get a small percent of the gold market bitcoin goes to trillions of dollars in two days.

lwe're years away from big money coming in. Until a trusted legacy institution takes on cryptoasset custody, they won't touch it. Coinbase not any other custody solution doesn't have the bankroll to satisfy the big boys. With that being said, BTC will hit 100k and beyond, because when big money does arrive, they will only be buying Bitcoin and maybe Ethereum.

>>9327947
> Opens door for pensions and endowments
I know he's just a shill, but this is all I really want. A piece of the cake that comes from stealing from grandmas. I need to put my hand in that cookie jar.

>>9327968
No way, no one fucking uses crypto right now. What youre saying is like being back in 1998 and saying the internet is way past early adoption. In fact not even 1998 more 1991. Thats how new this industry is right now.

>>9328194
>BCH

BTC will die.

>>9327947
sell signal?

>>9328252

More like the 1980s

>buying when CNBC tells you to
oh nonononon

>>9328290
it actually won't sadly enough. It's too late for that.

>>9327968
Look outside your own bubble. How many people do you know have even a single crypto wallet or exchange account or ever spent a single cent on it?

Out of everyone I know, friends, family, people I play sport with, I would estimate an adoption rate of sub 2%. I personally know 3 other people out of hundreds who have any crypto and all 3 I got involved myself. 1 is my brother who's entire portfolio consists of profits from my trading I skimmed off for his young family.

We are only at the beginning of early adoption

>>9328402
I asked a fat black woman working at a gas station if she owned a bitcoin. She said back the fuck off cracker.

So should be buying BTC right now? What about ETH?

>>9328128
Me too. My friends are mostly analysts, techies and in finance and none of them own crypto, or have any interest. My only two friends that own any are a carpenter and a teacher.

>>9328402
coinmarketcap has below 65 million unique visitors
as well, there's less than 100m accounts of blockchain.info wallets, and less than 100 000 nodes
I tried to make some wild approximations and came up with 0.01% worldwide adoption

>>9328457

Yep, my friends are mostly studying/working in CS/software engineering and what I would classify as "nerds" yet none of them own any crypto or even talk about it like...ever.

>>9328086

Yes

>>9328137
nolinker here, can confirm there is some truth to this statement

>>9328128
My brother is a techie and used to use btc because of alphabay and he hardly knows anything about it and says a lot of normie stuff about it. The only people I know IRL who know shit about it is this one company who has a mining operation, a couple drugs dealers, and the kid at work who I explained a lot to. Other than that it's just people on the outside who have barely seen in besides what headlines they've seen, or everyone knows someone who knows someone who made it big on it.

My boss knows I'm into it and he's always asking "how's the stock market doing?" and I say "shit last I heard". Some of my coworkers occasionally see someone warning not to gamble on btc and say "hey haha I saw dis on tv and thought of u, thats what ur into right?"

>>9328515
“Oh is it going up again?” - my most nerdish friend over coffee this morning regarding bitcoin

>>9328457
Lol same here. Only poor people I know own crypto. Including me. My cousin who has been working in tech in San Francisco for the past 7 years knows about crypto but says he doesn't want to touch it.

>>9327947
Nauticus will take the cake when it comes to institutional investors

>>9328562
This shit also happens with my friends all the time llke they expect some special insight or confirmation I haven't noticed. And the whole market is strange but I would like to know what they think is a big movement. A drawing without looking at the price since January, how would they draw it? I have no idea.

>>9328612

Heh, maybe there's some wealth redistribution going on after all, especially when/if the institutions get in.

>>9328484
This. It's fucking easy to gauge adoption. How many bitcoin wallets are there in total? 30 million? How many people are there on Earrth? Well there you fucking go. No need to speculate on anegdotes like "my mum doesnt know beetcoin thereore early adopters".

>>9328672

Yeah, no. Major institutions aren't going to be in until a major custodial bank wills it. They're all about risk mitigation and there's no way In hell theyre trusting a startup crypto despite how "stacked" the team is.

>>9328882
Yea, but shit is, 80% of BTC is already mined, rest 20% will take 130 years and next halving is in 2020. It means most "wealth" is already distributed and we're entering greed phase. It will be very violent.

>>9328402
Estimates are at 10% of burgers in crypto, it doesn't really matter though because we don't know the final adoption, this is what we are speculating on. For reference, stocks have a 50% adoption rate, gambling has 15%.

With breakthrough utility we may force normies to invest without knowing / intending to and be able to shoot past useless stocks and reach closer to the 90% that use social media. Without it, even as mostly an investment vehicle, most money goes into derivatives, which means bets on the price of your bit coins but not the buying of physical bit coins.

>>9328939
>80% of BTC is already mined

And what 70% was lost.

>>9328939
>most wealth is already distributed

You are acting like bitcoin has fixed value, it doesn't. It's worth whatever the market will pay for it. Nothing has fixed value, not even the dollar.

>>9328984
I prefer to think that this is the internet of the internet. It will eventually reach 90+% of the first world, but like the internet the long tail of adoption will take 20 years.

>>9328252
Pretty close. I say we are in 1995.
>almost no one uses it or owns it but it's on the news all the time
>news shows have segments showing step by step how to connect your pc to the internet
>they make sitcom episodes and movies about it
>yet if you use it you're a freak in the eyes of normies
>recent market crash (the tech stock market crashed in early 1995 after an insane bull run in 94 - it paled in comparison to the dotcom bubble ofc)

>>9328402
This.
I've only met one guy who's into crypto (a neighbor's son). We talked about it a little. He put some 500 bucks on LTC, XRP, and DOGE (because it was "cheap"). He had never heard of Ethereum, EOS, XMR or DGB, and didn't know what a blockchain, dapps or smart contracts are.
All the other people I mentioned crypto just think it's some funny internet money basically not worth looking into.

>>9328987
Could be, not sure about exact %, but definitely more than 1 million is lost forever due to private key losses or natural disasters when computers with all backup data were flooded or burned in fires / tornado / etc

>>9329001
This is why I took "wealth" in quotes. Anyway, ratios are very crazy and whole crypto thing came too far to be stopped. So greed phase is inevitable, we have roughly 1-3 years before it will be too late to actually buy BTC like we can do today, 0.1 for roughly 1000$

>>9329008
Yes if we ever hit that kind of adoption it's decades. What we have for the short term is goys already in crypto putting more money in crypto. Normies haven't bet big, even autists haven't, we have gambling tier bets coming in. Legitimization and some steadying in the growth, more regulation and improvement of infrastructure will help grease their wallets. Tech boom was still 15x where we are at, and that was not as easy to buy in, but it had track record and status propelling it

How are you supposed to translate secure problem solving, double payment duplication transaction preventive cryptography peer to peer program for safe online transactions as well as having a limited market of circulation. To people, not to mention going into depth about how the market and so forth...

Our appeal is to business first and foremost, once they need to do it they market it for us to the masses who will then adopt it.

The scary part is adoption. The media more then likely banking systems have already made fud of its being a tulips. Instead banks will adopt online currencies they're just trying to find away to keep it separate from the crypto markets. The head ups, have the money to cripple our own market.

>>9329080
In about 30 years time, the Vitaliks, Winklebogs and Nazarovs will be looked at the same way we look at the Bezos, Jobs and Ellisons today.

>>9328227
sauce
>>9329034
94-98 is a really good approximation., feels exactly like that.
DESU I hope we can avoid a megabubble this time, would prefer if society didn't literally collapse before I can get a LINK node running tbqh fampi

>>9329227
Ripple. It's in your comment

>>9328182
Sheeeeit nigga you right

>>9329281
Looks that way, but we don't have 30 years to make it

>>9328137
link = virgin

>>9328086
They're going all in on Doge.

What we need for normie mainstream adoption is actually usable applications, like Theta token to replace YouTube or Minds.com token to replace Facebook or gaming stuff like WAX.

>>9328194
>will only be buying Bitcoin and maybe Ethereum
I was with up until this point. Once legacy institutions start offering crypto they'll be shilling every shitcoin under the sun. Look at what Wall St. has done with financial instruments like derivatives and shit. It'll be a free-for-all moon mission and fraud festival. The smart will get rich and the morons will get burned

There's lots of chatter about TOMO, NEO & MAN-- especially the first two, who are working in conjunction with each other

They already bought or we would still sit at 6k.
Now they make the normies fomo in.

>>9328939
flippening will solve that

>>9328147
Boomers are in for a show on this one

>>9328453
BCC bruv, trust, I gotchu

>>9328252
>>9328386
You people might be the dumbest motherfuckers on this board. Negating the fact that things move so much damn faster now than 20 years ago, crypto is way past the penetration and awareness that existed for the internet in even 1998. Crypto is in it's early 2000's phase. At the rate things move in this day and age, you're looking at 5 years tops before it's beyond a majority saturation into culture at large.
This isn't even accounting for the fact that the internet even post-dotcom burst was still something that the government didn't really understand and wasn't particularly interested in dealing with. Governments know what currency is and what trading is, governments understand the difference between decentralization and national-control, and the are literally already making moves into handling the future of crypto.

You jackasses don't understand that your secret club investing is going to be mainstream and centralized well within a decade. You want a solid investment? Bet your fucking crypto balances on 80-90% mainstream penetration within 8 years.

>>9332093
God, I fucking hope so.

>>9332200
So are bullish or bearish? What’s your target price in 8 years?

>>9332270
$100lc

>>9332200
>spouts dogmatic things about "this day and age"

everything moves at the speed that the humans in control move with it.

>>9328672
>Nauticus will take the cake when it comes to institutional investors

Big on this ico but it sucks balls they delayed exchange release until August

>>9332200

Strong sell signal

so they come to dump on us?
>implying they announce it when they buy instead of fuding and then buying

>>9328561

"That's what your into right"

I honestly hate hearing this. Fuck...

>>9328882
And of those thirty million, some are for testing the blockchain, multiple are held by the same person, some are abandoned or their passwords lost.
I wonder how many actual users there are taking into account the above.

normies aren't interested because:
cant buy normie stuff with it on daily basis.
no regulation at exchange level.
no guarantee on personal security.
no trust in any actor of the system, most services are run by kids.
most dont give a fuck about "muh technological advance", the bigass mysql db of mastercard & nyse does the job all right for them.

anyone, user or portfolio administrator, with 2 brain cells or more won't put their life saving in such a system until it's fixed.

>>9327968

We were in before the institutions if youre in right now. That is early.

>>9327947
wallstreet been here nigga

Blue Horseshoe loves bitcoin...

>>9327947
Reminds me of when jews used the media to convince people to vote for Hillary. Now they use it to get people to prop up their bitcorns so they can dump. The smart play here would be to sink the price below what Wall St. paid. If I were a Korean whale I would do just that.

>>9328348
Indeed

>>9327947
Wait till they launch crypto ETFs and big retirements funds start buying them.

Big money will come, anyone who doubted its an idiot, forget about blockchain technology, greed is why.

But for them to invest there has to be a legal frame allowing them to do so and making it an accepted practice.

bitcoin is going down time to sell boys

>>9330168
God I hope so. I got 25k doge.

>>9328194
kill yourself. OP’s post is about BKBrian Kelly (shitbag like you) explaining how ICE has come up with a custody solution for institutional investors.

>>9329420
>LINK node
tell me more about it

>>9327947
lol. 13 months ago i've been saying wall st is 18 months away. only 5 months left. tik tok. go all in btc at the current pull back and prepare to hodl.

>>9328086
No institutional money will go into bitcoin.

They all have realized it is worthless. They are all accumulating during this crash and are buying up stuff with utility for cheap. NEO, ETH, LINK, almost any coin with utility, they are buying. Even some of the shittier ones.

I know several people that work at places interested in investing in crypto and they all think BTC is overvalued.

>>9332543
topkek

>>9328290

delusional

>>9328086
Why the fuck would they buy anything else?

>>9328401
>>9335043

It will die, slowly. As BCH takes over eyes and minds were re-focus on the real Bitcoin. The fact is it's not up to wall street to buy into Bcore, its up to all the shithole countries to start using Bitcoin (Cash), Bcore is unaffordable for the 3rd world - Bitcoin (Cash) is very much affordable for daily use.

>>9335175

>>9335175
Good.... gooooooooood....

Yes.... that's a good bcash shill. Excellent work. Now open wide, it's time for your daily dose

>>9335222
>>9335202

Oh look, corecucks. And still no rebuttal.

>>9335246

>>9335246
Rebuttal? To what?
>BTC will die
No, it won't.
>BCH will overtake BTC
No, it won't.

There's your rebuttal

>>9334927
>I know several people that work at places interested in investing in crypto and they all think BTC is overvalued.
thanks, just bought 100k

>>9333403
Except that these ETFs are actually derivatives that are tied to fiat. The "investors" won't own crypto

>>9328918
I read somewhere coinbase got a business bank account with Barclays a couple of months ago, the first exchange to get one.

>>9328227
His BCH shill works like magic

>>9327947
THIS MOTHER FUCKER WAS SAYING THE SAME THING FOR MONTHS

>>9335258
>>9335250

How does Bcore plan to become a global currency when Blockstream refuses to allow Bcore to scale? It simply can't grow, it will die.

Bitcoin (BCH) is scaling nicely and in less than a week will be able to scale 32x more than Bcore (BTC), all the while allowing poor people across the world to participate.

>>9335333
Increasing the block size is not scaling, you dumb brainlet shiller. BCH is not Bitcoin but BCash. And you will get a bloated blockchain really fast with those sizes, who is gonna be capable of storing it in a couple of years? It is doomed to be centralized due to this alone, not considering ASIC mafia in the equation.

>>9336081
This. Throughput does not equal scalability, and larger blocks lead to centralization.

If you're going to shill bcash effectively, try not to be retarded while doing so

>>9335043
bbbut BCH pumped that one time... don't you remember?? Flippening 100% guaranteed

Roger even made a video about it

lol
Do you really believe Wall Street is going to buy your bags at $10k / Bitcoin.
implying they're not in already for months/years, they will heavily re enter at a fraction of the actual price.

>>9336081
Storage is not the main constraint. Its bandwidth, specifically upload speed. Blockchain relies every node sending each validated block to at least two other nodes.

BCH tards think doing this with 32MB will work. But they can't actually test this theory because they don't have anything like that amount of traffic.

Here we go

http://www.businessinsider.com/mike-novogratz-partners-with-bloomberg-to-launch-cryptocurrencies-index-2018-5

We're going to make it
https://www.google.com/amp/s/www.yahoo.com/amphtml/finance/news/novogratz-teams-bloomberg-crypto-index-144407732.html

>>9332200
this anon has a point just think about it ten years ago we were all still using flip phones, technology makes everything advance wayyyyyy faster than it has in all of human history

cnbc trolling for clicks from 4chan, i see the morons have fallen for it again

>>9328086

They will probably also ask for projects that have licences, official looking logos, elaborated legal frameworks that nobody ever cares to read, people wearing ties representing their project, etc.

>XRP

>>9327947
That means smart money has shorted and we are about to dump. Shit.

>>9337002
If you want a laugh

https://txhighway.com/

>>9327947
We already knew that, they're at least two years behind.

>>9328882
What makes you think peak adoption = literally everyone on earth owning coins?

>>9335333

>>9329034

how old are you?

>>9328484
wow finally someone with working neurons

Boys, we better get in before August...we are going to see some shit that we ain't never seen before. This shit is about to get flooded.

>>9337755
kekd
>2 cars and 3 bikes every 20 seconds
>lets build a 8 lane highway

>>9332200
Has a point that it's different this time around, but is neglecting the fact that people are also much more aware of recent bubbles and risks and therefore much less likely to really shove money into it.

Dotcom was full of stupid boomers mortgaging their houses to buy tech stocks. Won't be nearly half as bad in crypto, the "don't invest more than you can afford to lose" meme is as widespread as crypto itself

>>9328128
we're not
you can also still be an early adopter of instagram

>>9328252
even though it's newer than bitcoin

>>9328402
and katy perry shilled it on instagram
you can also be an early adopter of pepe even though she used it years ago

>>9332962
and even though people like novogratz invested in ethereum, sbi group is a big holder of ripple, and bitcoin is already on the biggest futures exchanges

>>9341748
>>9341748
>early adopter
a well misunderstood term
i thought the exact same thing as I was buying a shit ton of xmr at $5 and needed to sit on it for 8 months

fucking so᠌y af boybands had websites up before Sony and GM.
the mainstream still hasn't happened. but as of last year it is starting.

>casper isnt even implemented
>thinks we arent early adopter

idiot

Pre-casper, 3 years
Post casper, 100+ years

>>9327947

If Wallstreet is coming to the party, ETHEREUM and tokens like THETA are throwing the party.

Marius also said that big money will come

when to buy?

>>9332075
This
You goofs they aren't gonna tell you when they are coming In on the news
By now they are in

Question is. When do we get dumped
We need to time the top. If you just hold again you are confirmed cuck and will never have precious fiat