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/biz/ - Business & Finance

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10793228 No.10793228 [Reply] [Original]

Why is everyone in Crypto so fucking optimistic in the longterm. Even though we are in a bad bear market - everyone draws the parallels to the dot-com bubble and therefore thinks Crypto will eventually succeed in the future. I really doubt the consensus mainstream opinion was optimistic about the internet between 1990-2000 only very few that saw the potential. How often do you just see this random statement "Don't sell before 2022-2025" or something similar? Like all and everyone thinks today Crypto succeeding is written in the stone.

>> No.10793239

>>10793228
you literally have no clue what its all about

kys

>> No.10793262

>>10793239
enlighten me then

>> No.10793309

>>10793228
If you honestly don't think crypto is the future of finance then you must be a brainlet. The writing is on the wall

>> No.10793345

People who never leave their basements and spend 90% of their day on the internet think we live in some cyber utopia. They don't understand that in the real world people value physical money and will never accept some weird nerd code as legitimate money

>> No.10793360

>>10793345
>VISA
>MASTERCARD
>BANKCONTACT

>> No.10793372

>>10793345
Physical money is a meme. Just ask Venezuelans how that worked out for them. Digital bank money is jewish tricks. Crypto is real

>> No.10793378

>>10793360

What about them?

>> No.10793385

>>10793372

Crypto is pretend fiat. It's like saying gold is a jewish trick so we should all use copper

>> No.10793390
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10793390

>>10793378
>he is stupid, lol

>> No.10793413
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10793413

>>10793390

>these cards with dollars stored on them prove that people don't like dollars

>> No.10793438

>>10793385
Show me how you print Bitcoin out of thin air, then maybe I'll believe you

>> No.10793453

>>10793438
>right click copy
>right click paste

>> No.10793478

>>10793413
>he thinks dollars are physical

>> No.10793567

>>10793438

>20% of all btc don't even exist anymore. They're nowhere, gone. Goodbye
>HDD gets corrupted...bye money
>dur just back it u-FUCK OFFF with your nerd money

>> No.10793618

>>10793567
Bitcoin is literally becoming a bank right before everyone eyes. Idk why satoshi tried to brand it as a currency when it's best fit to serve as a decentralized bank. Anyone choosing to use it as such should be doing so as a precaution and way to avoid the old "sorry our bank doesnt actually have your money". Meaning you shouldn't be placing your wealth in the hands of a fucking HDD, hence the other methods of securing your account. The poor and stupid will always complain and cry that their mistakes are not their fault. Bitcoin doesnt need them.

>> No.10793674

>>10793360
>BITCONNECT

>> No.10793681

>>10793228
only a handful will survive long term, anyone optimistic about shitcoins is deluded

>> No.10793692

>>10793228
just ask yourself this question
>do you think humanity will use rocks and papers as store of value forever?

>> No.10793763

>>10793228
The success of crypto is mathematical certainty.

You are a brainlet and do not care about archony.

>> No.10793857

most people don't use physical money now. They have an account on a database at the bank with a numerical value that decreases when you use a pin card or app or put the number in to pay for something online and for most working people it increases via direct deposit. Who the fuck still uses cash? Crypto is the same thing except it can take the banks out of the equation

>> No.10793899

People sunk their savings into this ponzi scheme and now they're trying to convince themselves and others it will go up (so another idiot will be left holding bags)

>> No.10793968

Bitconnect

>> No.10794017

>>10793228
>Why is everyone in Crypto so fucking optimistic in the longterm
>I really doubt the consensus mainstream opinion was optimistic about the internet between 1990-2000 only very few that saw the potential
Listen here you dumbfuck, the current consensus mainstream is that crypto WILL FAIL, not succeed. Most people out there think crypto won't amount to much in the future, and a considerate amount still don't even know what's it's about.
The reason most people in crypto (like the ones in this specific board) think it will eventually go up in the long term is because, and pay attention, because they are people who FUCKING HOLD CRYPTO, of course they are part of the minority who thinks it will succeed. Otherwise, why would they have bought it and still participate in these discussions in places like this? Even most of the ones who bought it and gave up on it already left this place long ago. Why would they waste their time here?
Holy shit, why is this board so low IQ that it needs common sense like that explicitly explained.

>> No.10794034

>>10793899
Ding ding ding

>> No.10794042
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10794042

>>10793453
Are people really this retarded?

>> No.10794089

>>10793345
>implying what you keep at the bank represents actual money
>what is fractional reserve banking

>> No.10794095

Lots of us ran through all the scenarios. Crypto is inevitable if you think about it.

>> No.10794158

>>10794017
Jesus, so many words just to describe it all wrong

>> No.10794196

>>10794158
whats wrong about it? he's spot on

>> No.10794212

Major institutions are seeing the B2B value of blockchain/smartcontracts tech and are actively working towards implementing solutions while retards like OP and Reddit think that 'crypto' is about retail purchases and overthrowing le banks.

>> No.10794237

>>10794212
> and overthrowing le banks
No one thinks it's about overthrowing banks. But the idea of combating our crooked financial system is literally in the Bitcoin whitepaper and the reason the blockchain was invented.

>> No.10794257
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10794257

>>10793228
I graduated high school in 1999 and can tell you the internet was a big fucking deal. They couldn't get that shit hooked up fast enough during the 4 years I was there. I even had a multimedia class my senior year where we learned some basic HTML and made web pages. Also, this was a poor, shithole, minority-majority school

>> No.10794260

>>10794237
>No one thinks it's about overthrowing banks.
Reddit..Vitalik...etc etc.

etc

>> No.10794261

>>10794196
The whole world interactions is becoming more and more digital, with fast demandings and cheap fees
That's where crypto > banks
Also in crypto is where the big ones can manipulate easily the market and fk up stupid ppl.

>> No.10794297

>>10793345
You have to realize that the fringe people who adopt a useful technology first are called "early adopters" for a reason, right? Normies don't give a shit about using physical money vs digital money vs whatever. They eat what they're told to. When all of the corporations and banks in the world operate with crypto because it's saving them trillions of dollars, do you think the normies are going to revolt with "muh physical money" as their slogan? YOU are the normie. Fuck off.

>> No.10794342

>>10794261
Just to add
I had to pay 10% to transfer 1k from a bank to a different one, i was just testing, and it tooks 2 days to confirm.
While i moved 10k from a btc wallet to another with 12 minutes and paid a fee of 3$ by the time, oh, and it was on a Saturday

>> No.10794418

>>10794237
For me the main promise of crypto is that it really can destory the federal reserve and eventually the state itself. I'm minimizing my participation in the old economy and putting all my resources into the crypto economy. If I'm wrong in a few years, I can always go back to an unfufilling life of wage slavery, but if I'm right, not only am I obscenely wealthy, but I also helped bring about a new world that's free of coercive influence.

>> No.10794431
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10794431

>>10793228

>> No.10794441

It's the future of finance but unfortunately it will most likely be subverted by the powers that be and controlled just like everything else. It will be even more controlled than the current monetary system. It will be the bankers' wet dream come true with a controlled crypto economy, unless we stop them.

>> No.10794462
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10794462

Because just like we memed Trump Into office we can meme ourselves into lambos and mansions

>> No.10794487

>>10793567
>keep dollars in your wallet
>lose wallet
>good thing you backed up that cash r-right anon?

>> No.10794750

>>10793228
Because you can’t prove long term forecasts wrong with certainty right now

>> No.10795886

>>10793228

>Ignore the price.
>Study the tech.
>Think what the future will be like.
>Cream my pants.