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/biz/ - Business & Finance

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File: 211 KB, 1944x1172, Screen Shot 2018-10-17 at 23.31.56.png [View same] [iqdb] [saucenao] [google]
11434848 No.11434848 [Reply] [Original]

reminder that "institutional money" already entered circa 2015-2016. pic related. look at all the alts that arent shitcoins and see their price randomly spike with like 50x the volume of the coins previous volume ATH.

but sure, keep believing bakkt or fidelity is going to pump your bags lmao

>> No.11434868
File: 317 KB, 1970x1236, Screen Shot 2018-10-17 at 23.35.46.png [View same] [iqdb] [saucenao] [google]
11434868

>>11434848
ethereum had a volume of around $300k for months and then all of a sudden the price spikes along with a volume increase of over 100x. that was institutions buying in

>> No.11434922

>>11434868
that was just novgaratz

>> No.11434941

Yah it’s funny that people think that suddenly muh ETF or muh Bakkt will suddenly unleash a giant flood of money and pump the market to the sky. Smart money accumulates when it’s low. By the time it starts pumping you should be looking to sell, not buy.

>> No.11434976

>>11434848
son of a bitch

>> No.11434999

only instititional money isn't even interested in anything but bitcoin, ethereum, a few select ethereum tokens/projects, and that's it.

some late adopter venture capitalists got tricked into buying things like eos, ripple, stellar, cardano, but no institutions.

>> No.11435048

institution buying for themselves != institutions selling products for plebs who drive the price
it will be 2019-2020 wave

>> No.11435648

>>11434999
thats what im saying...
look at all the coins that arent shitcoins (which is like 3);
monero
eth
bitcoin.

though i think most institutions bought bitcoin in 2013-2014ish.

>> No.11435660

>>11434848
WE ARE THE EARLY ADOPTERS!!!!!!!!

>> No.11435688

>>11435648
>arent shitcoins
>eth
fucking kek. it is literally the biggest shitcoin of all and an ACTUAL shitcoin factory. go to bed kid, you have no idea what you're doing here.

>> No.11435693

"institutions" don't buy highly speculative volatile assets and hold them for years. any institution (think jp morgan etc.) just scalp tiny 1-5% high frequency low risk trades all day with bots

>> No.11435695
File: 292 KB, 1266x920, Screen Shot 2018-10-14 at 21.28.45.png [View same] [iqdb] [saucenao] [google]
11435695

>>11435688

>> No.11435710

How are institutions buying? Coinbase? What institution was going to put real money on there? OTC? Back then, how did they know these cryptos would take off like they did?

>> No.11435719

>>11435660
you can still make it in crypto but you have to buy some $10 mill cap that has the same kind of game changing tech as eth or monero did.

>> No.11435724

>>11435695
>Le dunning-kruger meme XD
you really are retarded

>> No.11435733

>>11435719
>game changing tech as eth or monero did
yep, retard confirmed

>> No.11435752

>>11435710
its obvious if you understand the tech.
eth = turing complete deterministic scripting
monero = linkable anonymous signatures that let you have deterministic anonymity

>What institution was going to put real money on there
youd have to be incredibly naive to think institutions werent buying because it "was too hard" for them. they probably bought up all the OTC supply or contacted the creators of the exchange directly to put in large orders for them. or the occam's razor solution... they just signed up and bought like everyone else did at the time.

>> No.11435762

>>11435719
Cope detected
The days of buying low cap ico shitcoins, and doing 100x are over. Odds are like 1/1000
Go ahead gamble those odds, even if we hit another bullrun it wont do anything like before. People got burned and learned, it would take a new generation of autists to pull another rise like that

>> No.11435784

>>11435752
there isnt really any more innovations i can think of in the space desu.
other than -
a) some way to do cross chain crypto (though this seems impossible since very network is inherently different).
b) cryptonote + smart contracts

>> No.11435793

>>11435762
im not talking about low cap ico shitcoins you brainlet. did you even read what i said? if some crypto comes along with the same kind of game changer like monero or eth did at the time and its only $10 mill cap, you will see the same kind of gains

>> No.11435897

>>11435719
That's way too expensive these days, iDealCash is $300k mcap, 1 second transactions, plus they're about to implement privacy which will make them the fastest privacy coin. Biz won't buy this shit until it hits $40MM mcap though, that's just how biz does things for some odd reason.

>> No.11435912

>>11435762
This is how biz actually thinks, and you wonder why there are so many suicide threads here when microcap buyers are the only ones who made money in the past 10 months.

>> No.11436044

>>11435897
>1 second transactions, plus they're about to implement privacy
this is not game changing...

>> No.11436131

>>11436044
>this is not game changing...

Doesn't name a better coin.

>> No.11436247

>>11434848
IRD and Nerva are the new Monero's anyway. Why anyone would buy this for 20-30% gains EOY is beyond me.

>> No.11436294

>>11436247
How fast are their transactions times?

>> No.11436304

>crypto will never pump ever again

>> No.11436623

>>11435648
Didn't Fidelity start their own mining when btc was under $200? Top kek, that was before most people here bought any

>> No.11437007

>>11434848
There was a hedge fund manager who bought 1% of Monero's supply when the price was single digits... What's his name again?

>> No.11437023

>>11437007
Found:
http://fortune.com/2017/07/26/bitcoin-cryptocurrency-hedge-fund-sequoia-andreessen-horowitz-metastable/

>> No.11437161

>>11435688
retard

>> No.11437168
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11437168

>>11436304

>> No.11437171

>>11436044
do you know what 1 second transactions even implies?

>> No.11437216

>>11437171
lol. eos already does 0.5 second transactions kid and you can put cryptonote as a smart contract on there, which would render your shitcoin useless. if not that, another smart contract platform will come in another few months that can do it even faster.

having small transaction times is not gamechanging like eth or monero were

>> No.11437219

>>11437171
He's an idiot, he probably thinks he should knock the project so he can get in at a better price. I think I see his order.

>> No.11437238

>>11437216
Whoa hold the phone, a whole half a second faster? And ponzi code integrated into the code? You're implying EOS could potentially compete with iDealCash with ease one day if somebody does the thing making $DEAL meaningless? Fully centralized too? I'm going to dump iDealCash for EOS right now!

>> No.11437264

>>11437216
And to top it off a $4BN mcap?! WOWEE THIS IS GOING TO MAKE ME 1000X FOR SURE!!

>> No.11437289

>>11437216
If we're gonna talk about centralized systems then visa is far faster

>> No.11437318

>>11437289
>>11437264
>>11437238
there is no way your shitcoin does 1 second transactions without making the same centralisation tradeoffs. and if it doesnt, then youll get a tonne of uncle mined blocks and soft forks meaning youll have to wait for like 60 confirmations just to be sure your tx. isnt being double spent elsewhere.

kys pajeets

>> No.11437348

What is with so much negativity lol. Institutions arent in yet, they're buying now. Institutions wont be in till theyre ready to dump on boomers. 2017 was literally just a test and most of it came from s.korea. Crypto is close to exploding again because the tech is almost ready. This is the last chance to pull a 100x.

>> No.11437391

>>11437348
The dump to near-zero happens when "it's ready". I don't understand how trading noobs come to the conclusion that they're going to dump on trillion dollar institutions that only hire from the highest level schools.

>> No.11437406

>>11437216
> lol. eos already does 0.5 second transactions
proving my point

>> No.11437430

>>11437318
There are around 1,000 nodes currently staking, hardly centralized. Orphans are virtually non-existent. There hasn't been a reported issue ever. None. NANO for comparison has had countless fundamental breakdowns and a list of a million other fundamental flaws. iDealCash just plain works.

>> No.11437477

>>11437391
Universities arent high level anymore.lmao

>> No.11437693

>>11437477
You get what I mean. They sure as fuck aren't going to hire anyone from biz.

>> No.11437840
File: 90 KB, 625x773, 1517933385053.png [View same] [iqdb] [saucenao] [google]
11437840

>>11435897
>reading through the whitepaper
>people actually bought this garbage

>> No.11437883

>>11434848

"Institutions" isn't just one entity. Some of them may have bought but definitely not all of them. Hard to say. No one here actually knows for sure but I think you're overestimating how much the institutions are in crypto even now. Back in 2015-2016 probably 90% of them thought crypto is a joke. The institutional traders literally laughed at crypto, most still do.

>> No.11438037

>>11437840
They didn't focus much on the tech aspect in the whitepaper which is an approach that I disagree with. The whitepaper needs to be rewritten for sure because it was written right as they were starting out and appeals to much to currency ethics. Their whitepaper was targeted for non-aspies to understand basically. Luckily smart money doesn't buy anything based on a whitepaper. The coin works and anyone is a few minutes can observe hundreds of people using it. Join their Telegram and ask for free coins from their tip bot to test out the tech.

>> No.11438191

>>11437883
You're an retard. I work at a law firm and every boomer partner here has had crypto shit on their internal CVs for years, that means every other firm on the planet has been in the loop since at least then. You don't need legal services relating to crypto unless you're doing something with it. Crypto is very, very old hat, anyone who thinks businesses haven't got into it yet are completely delusional.

>> No.11438220
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11438220

>>11438191

>You're an retard. I work at a law firm and every boomer partner here has had crypto shit on their internal CVs for years, that means every other firm on the planet has been in the loop since at least then.

>> No.11438232

>>11438220
>dude we know about crypto stuff lemme advise u
>"actually nah we don't care about crypto"
>ok
>*stops referencing block chain in every document and proposal*

Is how it would go down if big businesses didn't care about crypto. It's referenced even more frequently than GDPR.

>> No.11438261

>>11438232

So let me follow your logic

>The law firm you're in is aware of crypto
>This means every institution in the world, the big investment banks included, has already bought a shit ton of crypto
>Yet the market cap is still only 200 billion

Ok, bro.

>> No.11438279

>>11438261
>let's pay a team of lawyers $1500 an hour for legal advice we don't need

>> No.11438392
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11438392

>>11438279

>> No.11438455

>>11438261
the market cap for silver is only $17 billion dude

>> No.11438461

>>11438438

>> No.11438472

>>11437348
/thread

>> No.11438612

>>11438455

Doesn't change the fact that JP morgan was still literally FUDing bitcoin in 2017. Why would they FUD it if they were already in?