/biz/ - Business & Finance

[Anonymous No.11624923]

BIG IF TRUE

[Anonymous No.11624937]

>>11624923
kind reminder that btc don't need no etf to go to $1mil it's coded into the system.

[Anonymous No.11624944]

The stock market is looking like it is approaching the top of its current bubble. That means a market meltdown within the next year and a half. Do you really think Bitcoin ETFs are gonna be in focus right now enough for SEC to okay them? The people in SEC don't even know how to use a smartphone. They think the internet is a series of tubes.

[Anonymous No.11625010]

>>11624944
Umm, yeah? Funds will be desperate for more investors as equity redemption grows

[Anonymous No.11625032]

coinbase keeps scaring the beejesus out of me with these glitches it's ussually a giant red dildo down.

[Anonymous No.11625047]

>>11625010
not to mention fund managers can do math. they realize pretty quickly they can control btcs price with their buying power. or even with 1% of their buying power.

[Anonymous No.11625060]

>this is your brain on bitcoin

[Anonymous No.11625072]

>>11624937

this. fuck etf’s.

[Anonymous No.11625077]

>>11624923
There wont be a bitcoin etf and bitcoin will never go above 20k again. Will it go up slightly over the next few years? Maybe.

[Anonymous No.11625130]

>>11625077
>bitcoin will never go above $1k again

[Anonymous No.11625170]

>>11625032
bcash is coinbase personal pump and dump you retard. Anybody who buys in to this scam deserves to lose everything

[Anonymous No.11625204]

>>11624937
Wheres's this uptrend that's suggested on that chart for 2018?

[Anonymous No.11625341]

>>11625204
don't mind the faggot freehanding in paint
it's not about predicting exact price movements just an example.
the chart gives you a way to determine if btc is overpriced or underpriced that's all. it will mostly go below the line but it's bound to peek above it.
it's a literal guide to riches.

[Anonymous No.11625363]

>>11625341
this seems more up to date

[Anonymous No.11625367]

>>11624923
>BTC is only going to 80k
Deluded

[Anonymous No.11625387]

>>11625367
imo the double peek will be in march 2019 or around that and it will be above $100k, then a bit longer bear, and we hit $1mil within 5 years then an even longer bear.

[Anonymous No.11625447]

>>11624937
unironically THIS!

[Anonymous No.11625453]

>>11625341
>the chart gives you
The chart gives nothing. TA is at best for short-term-trading. Anyone who considers TA for a period over weeks, months or even years will get reckt like no one ever before.

[Anonymous No.11625540]

>>11625077
you need to learn what supply and demand is.

[Anonymous No.11625555]

>>11624937
According to the photo bitcoin should be 100k in two months? I hardly believe it

[Anonymous No.11625593]

>>11625540
Shhh, the normies don't realize bitcoin is the most scarce commidity on the planet. I need to accumulate.

Ball park, we have 21m total, 17m in cirulation now. About 5m are lost and that number will prob increase. And there are 7.5 billion people on the planet. Do the mother fucking math.

>inb4 but but how can stupid electronic 1s and 0s be that scarce? That's retarded

[Anonymous No.11625621]

>>11625453
it's not ta it's a trendline based on change of supply and adoption over time.

[Anonymous No.11625634]

>>11625555
like i said ignore the yellow line it's just an example not a prediction.

[Anonymous No.11625635]

>>11625593
>Bitcoin is a commodity

[Anonymous No.11625648]

>>11625635
>muh dick is let
(You)

[Anonymous No.11626024]

>>11625621
>he fell for the adoption meme

[Anonymous No.11626100]

>>11626024
> everything is paired with BTC
> thinks there's no demand

[Anonymous No.11626130]

>>11626100
According to my timeline, BTC was for use as an everyday currency alternative.
Not as a centralized, manipulated and volatile substitute of a real currency to use on manipulated markets to buy scamcoins.

Smart money left the market in December 17. Sorry, summerchild, you bought my bags.

[Anonymous No.11626152]

>>11626024
dude not even 1% of the worlds population has or ever had btc. even if adoption only grows to 10% btc will go 100x at least. because the readily available supply is actually small. like 1-2 million coins and there is like 11 million people trading that supply currently.

[Anonymous No.11626158]

>>11626130
> thinks there is no future in BTC when SEC is likely to approve ETF in February.
> thinks a bear market means the end of Bitcoin.
> thinks $6k for 1 single Bitcoin means Bitcoin is dead.
> thinks Bcash is Bitcoin.
retard

[Anonymous No.11626174]

>>11626158
once people realize btc is better at being gold than gold, it can't really be worth less than $300k a coin. and that will only be the beginnings and assuming all coins are up to sale.

[Anonymous No.11626183]

>>11624923
That's bitcoin in 2014.

[Anonymous No.11626231]

>>11625593
>there are 7.5 billion people on the planet. Do the mother fucking math.

3 billion live on less than $5 a day

factor that in

[Anonymous No.11626249]

>>11626152
>even if adoption only grows to 10%
Scaling problem prevents it - we saw what happens if the amound of transactions rises - the fee for using bitcoin get absurd.
>muh lightning
Mesh routing problem.

BTC encounters yet unsolved logical problems that were problems decades ago. Adaption is a meme people tell to delude new people in the sphere. It cannot happen with BTC.

>>11626158
>thinks $6k for 1 single Bitcoin means Bitcoin is dead.
You realize the market is manipulated to hell and back and has yet to crash, right?

>>11626174
>it can't really be worth less than $300k a coin
Kek. Even after the next halving, you would need $270,000,000 a day to sustain this price, not counting people selling at this price.

You will never make it.

[Anonymous No.11626256]

>>11626231
that's like 80 sats.

[Anonymous No.11626274]

>>11626249
>You will never make it.
you can't do math obviously so let's see... you are looking at the past of btc, and think transaction rates limit the price once derivatives kick off.

[Anonymous No.11626371]

>>11626274
>you are looking at the past of btc
I am looking at the current situation both the market and tech. The market is manipulated, the tech did not significantly improve over the past years and is in fact centralized by Chinese miners.

>once derivatives kick off
Out of interest: what can you trade on the CBOE for almost one year now?

I sold when BTC was at ~15k and keep a tight list what has to happen before I enter the market again.
What did you do in December?

[Anonymous No.11626375]

>>11625593
>bitcoin is the most scarce commidity
It's not a commodity. And anyone can make as many cryptos just like bitcoin or better as they want, no problem.
And just by being scarce - doesn't mean there will be a demand.

[Anonymous No.11626387]

>>11626371
>The market is manipulated
lol i have never seen a more textbook correction than what btc did, you faggots keep saying it's manipulated but the truth is it doesn't look like it at all.

[Anonymous No.11626421]

>>11626371
also futures are not an etf. totally different shit with different effect on the market and scaling.

[Anonymous No.11626450]

>>11626387
From this statement, one can tell that you have no idea what a correction in a market is. But sure, educate me and tell me what you imagine a correction is for you.

>>11626421
>totally different shit
"This time it is different" might ring a bell for you.
Man, /biz became unbearable on the intelectual level, but gets better and better in entertaining me. Butthurt & triggered /polacks losing money left and right are better than seeing SJWs on twitter outraged over nothing.

[Anonymous No.11626487]

>>11625387
Double peek confirmed very hapening Sir

[Anonymous No.11626510]

>>11626371
what's your list sir?

[Anonymous No.11626536]

>>11626375
This.

[Anonymous No.11626572]

>>11626450
correction is when an asset is overbought and the price resets to under valuation line then crawls up. what happened with btc, we are right now under valuation we either creep up or it's gonna explode violently.

[Anonymous No.11626615]

>>11624937
This is flawed in my opinion, it is obviously not going that hard anymore.
I just made this one.
Bit more conservative.
Bitcoin still 500k in 2030 though.

[Anonymous No.11626669]

>>11626615
yeah but...

[Anonymous No.11626713]

>>11624923
>a tangible form of currency that has been used for thousands of years is the exact same as a digital currency used only for buying drugs that is not even 10 years old
hmmmmmmmmmmm

[Anonymous No.11626757]

>>11626713
>something that has infinite supply in the universe and awfully abundant on planet earth especially is the same as something that has a capped supply.

[Anonymous No.11626774]

>>11626757
>he unironically thinks we send space ships out to mine for this supposed infinite supply of gold

[Anonymous No.11626784]

>>11626774
eventually we will, but earth has so much gold on it that is not gonna be a necessity for hundreds if not thousands of years.

[Anonymous No.11626794]

>>11626757
>capped supply
>forks every few months, doubling the existing supply
>spawns multiple technically-superior versions on a daily basis

The difference between gold and bitcoin is, no alternative to gold is literally indistinguishable from gold.

[Anonymous No.11626813]

>>11626794
no fork doubles the btc supply there is only 1 fork that's btc the rest is random shitoin.

[Anonymous No.11626833]

>>11624937
Wow, we are already at about 50k regarding the chart. The problem is Bitcoin doesn't know this yet. How can we tell Bitcoin?

[Anonymous No.11626836]

>>11626794
np the real difference between gold and bitcoin is that bitcoin is cheaper and more convenient to store and transport/transact has a hard cap on supply can not be stopped or confiscated at borders and finally performs near infinitely better than gold.

[Anonymous No.11626841]

>>11625593
i can literally copy paste the code for cryptos and create another one in a day. we know about the fork scare happening on the 15th and all the forks that took place last year. crypto is not scarce and never will be when "free money" can just be generated.

>inb4 hurr durr the USD is copied all the time

exactly dumbfuck. thats why its about to take a shit and so will crypto

[Anonymous No.11626850]

>>11626375
Network effect and entrenchment. Shitcoins are dying as we speak

[Anonymous No.11626851]

>>11626836
until i copy paste and then theres more

[Anonymous No.11626859]

>>11626833
the market handles it one way or an other. sooner or later demand will increase for an escape vehicle. that starts the speculation again and then the mania hits and bamm $100k here i come! but that's just the first step really. btc will always be in bubbles. longer and relatively smaller maybe but they will keep on happening. i want to cash out 0.5 btc at $1mil.

[Anonymous No.11626864]

>>11626841
Dude, just because anyone can fork it doesn't mean it has any value. Good devs have stayed with core, along with big backers

[Anonymous No.11626868]

>>11626851
you can copy paste hashrate? bitcoin is not just the code, it's the consensus. and the consensus will ignore your shitty pasta.

[Anonymous No.11626877]

>>11626841
go ahead man make a btc clone and try to sell it to me! or anyone! see what happens!

[Anonymous No.11626884]

>>11626249
The scaling problem is a meme, Paypal does around 200 tx/s, Visa does less than 2000 on average, Bitcoin would not need to handle more than Paypal before at least another 5 years (that would be 32 MB blocks), by that time storage and speed will be cheap enough to move to even bigger blocks or adopt a mature offchain/sidechain solution.

If anything it's not the tech but the human factor that is limiting Bitcoin growth, the network is dividing itself into power hungry factions wanting to control the protocol for different motives (either political or financial or both), namely Blockstream, Bitmain, Ver and others.
It's almost like we are developing technologies we ironically are not mature enough as a species to manage.

The only real factor that is not making progress is the UX imo and that's what will hinder Bitcoin adoption.

[Anonymous No.11626889]

>>11626877
people are paying 400 USD for one LOL.

[Anonymous No.11626894]

>>11626851
Wow, I didn' know Jamie Diamond posts here

[Anonymous No.11626895]

>>11626889
yeah that one had like 10% of the miners hashpower behind it... i don't know current rates, but price should roughly reflect it but also the fact that it's a shitcoin.

[Anonymous No.11626929]

>>11626895
the point is anyone can make their own clone and sell it. bitcoin wont be adopted unless the masses all have a simultaneous revolt against the system and buy a coin wish hashpower dominated by the chinese. whats to stop governments from making their own shitcoins? BTC will probably still go up because of mania but it wont be adopted and just looking at charts shows each bullrun gets weaker and weaker. the "golden bull" was last year.

[Anonymous No.11626978]

>>11626669
yeah I get what you are getting at.
I couldnt model that with a similar expression as earlier.
However I used the following and it is not quite as bullish as your first sketch.

[Anonymous No.11627016]

>>11626929
>the point is anyone can make their own clone and sell it.
no you can't i can't even roger ver arguably failed at it. he made an other shitcoin not an other btc.

[Anonymous No.11627024]

>>11626978
it depends really on which points you pick and what arguments you give to the curve. slight variations can result in significant deviations over time. which was my point with the drawing. everyone picks and chooses these points in an arbitrary way.

[Anonymous No.11627037]

>>11627016
>copy paste
>sell for 400 dollarydoos

he didn't fail at it desu. The greatest scam ever conceived. Crypto is great

[Anonymous No.11627067]

>>11627037
>he didn't fail at it desu.
he failed at making an other bitcoin, the market priced it in as a shitcoin it just can't stop drooping and now they are doing a fork again.

[Anonymous No.11627320]

>>11627024
Right but the trololo guy always tries to fit it as good as possible to the data, but if he does that right at the end of a bull or the start of a bear his projection will be overvalued because it is influenced by one more bubble than a bear market. I follow the prediction but I am more bearish.
I think around 2030 the ATH will be between 250k and a million but not over a million imo.

[Anonymous No.11627464]

>>11627320
imo it's impossible for btc to remain under $1mil for long. i would agree with you if the adoption rate would not change only the supply. but i think adoption will grow we are soon climbing the S curve and that means adoption will go from about 1% to 10% in a few years. the next two bulls will be enormous as a result.

[Anonymous No.11627646]

>>11626510
- Tether implodes or provides an credible audit from one of the big 4
- several "thought leaders" in jail or under legal scrutiny for market manipulation and fraud (which some did commit)
- solid countermeasurements against fraudulent trades on major exchanges
- death of all major bucketshops (they are impossible to kill completely, but in crypto they dictate the price, which is not normal)
- twitter-traders come under legal scrutiny (most of them most likely also committed crimes for e.g. not disclosing payments from devs)

Only if all of the above is fullfilled, only then crypto will be worth putting money into.

[Anonymous No.11627692]

>>11627646
frankly that's like saying people should be held accountable for their factual or intentional mistakes on youtube and twitch.
who the fuck cares?
>hurr i lose money so the market is manipulated
grow up!

[Anonymous No.11627747]

>>11626572
Great, you can read basic definitions. Now go a step further. What does it mean, when e.g. a credible fund is overevaluating assets? If it loses like 20% of the funds? Not only the price gets lower, but people get nervous. People get angry.

And you can be sure, that people get fired. People question the leaders of the fund and the company in general. Some even start to look into them being liable for not handling their risk accordingly, false advertising and overstated promisses. People start lawsuits, some companies simply go bankrupt, people jump out of the window or neck themselves etc.

Did the same happen in crypto?
No. Exactly nothing happened. The people who were "developer" or "leaders" or "innovative thinkers" in projects 2017 are the same as today, even though some of their coins dropped 90% or more in value. And people still circlejerk, that they "hodl" and "believe in the technology".

No, my friend. It might have dropped by your half-assed definition. But a holistic view of the market yields a single conclusion: we have yet to encounter a real fucked up crash, which will lead to people getting cuffed and prosecuted. MtGox will be a slight breeze to what we will see.

[Anonymous No.11627821]

>>11627692
>who the fuck cares?
Government cares.
If e.g. an austrian guy called "Dr." Hosp advertises his scamproject Tenx with the endorsement of a leading figgure of the crypto-world (Vitalik) and collects millions in USD for it from european citizens, he commits fraud, if this happens to be not true.

There are tons of solid cases, which will rob major projects their leaders, because they will get called in front of a court and almost surely face quite some years of imprisonment, due to the amound of money they got this way.

But government works very slow. So no one can say when this will happen. But oh boy, it will happen. Against the guy I mentioned above are several legal proceedings under way in Germany and Austria - under civil as well as criminal law.

>grow up!
See >>11626130 - I left the cryptosphere, when it was almost at peak.

[Anonymous No.11627835]

>>11627747
>we have yet to encounter a real fucked up crash
how new you must be... bitcoin did not crash this time because people learned their lessons the last 5 times i fucking crashed to shits then shot through the sky after.

[Anonymous No.11627876]

>>11626884
>by that time storage and speed will be cheap enough to move to even bigger blocks or adopt a mature offchain/sidechain solution.

While the amount of transactions is debatable in general (because if BTC would replace fiat, if also would need to add the burden of all cash transactions), I dont think that relying on Moore's law is sufficient to let BTC alive for so long.

[Anonymous No.11627959]

>>11627835
>how new you must be
New enough to have watched the market during MtGox. I wont claim to have bought e.g. ETH at X cents, but the price I bought BTC with was low enough to secure me a good life, even if I dont work.

Also: people want to make money. It applies to you, to me and everyone else in the cryptosphere. And to do so, it needs people investing in it.

And crypto never had so much positive attention than late 2017/early 2018 and it will never have again. In mid 17, all went batshit insane, when DGB was mentioned in in a single subordinate clause on CNN. Six months later, my local newspaper did a two pages long special on cryptocurrencies. I heard local college students talking about doing an ICO to raise funds for their startup.

Everyone wanting to try out cryptocurrencies did it already and either went insane and "hodled" or received money by staying calm and acting like adults. People wanting crypto for money are not an option anymore - it needs credibility, regulation and less insanity, if it wants to achieve anything in this regard.

[Anonymous No.11628036]

>>11627959
>and it will never have again
i don't think so it was new tech before and starting to become mature tech now. if institutions move in people that respect traditional authority get encouraged.

[Anonymous No.11628250]

>>11628036
>institutions

fucking dumbass and his meme words. You, me or anyone could count as an institution.


>this time it will be different

Those are always someone's last words in finance

[Anonymous No.11628324]

>>11625593
> ~30% lost forever
its fucking insane how many people out there must be constantly thinking about the lost opportunities

[Anonymous No.11628477]

>>11628250
>You, me or anyone could count as an institution.
you know exactly it means hedge funds and banks and other financial services offering it the traditional way. don't pretend to be dumber than you look.

[Anonymous No.11628524]

it's going to be an incredible world when people remember that it is no less reasonable to predict the motion of the planets than it is to predict price

[Anonymous No.11628545]

>>11628477
Silver has ETFs, """institutional support""' etc. and it has a small market cap. Why? Because nobody wants it. Just like nobody wants your fucking coins, dumbfuck. What does it feel like buying bags off of the real early adopters? I cannot wait for all this "exposure" (even though it already happened in 2017) and retards like you realize they were late. It will be glorious

[Anonymous No.11628558]

>>11628545
rofl fucking retard see you at $1mil!

[Anonymous No.11628559]

You are not going to make it.

[Anonymous No.11629037]

>>11626859
This is the strong believe we need. You will get rich senpai.

[Anonymous No.11629058]

>>11624923

[Anonymous No.11629094]

>>11629058
I can't get over the two answer buttons on the phone. Gets me every time

[Anonymous No.11629222]

>>11628324
There's so many stories of people losing millions of dollars worth of Bitcoin and how that has haunted them for the past few years.

[Anonymous No.11629640]

>>11625555
>According to the photo bitcoin should be 100k in two months? I hardly believe it

>quads
>screencap this

[Anonymous No.11630094]

>>11624923
This is the stupidest shit i've ever seen.. you could find 10000 graphs that looked like the bottom at some point and did something completely different

holy shit this is dumb

[Anonymous No.11630104]

>>11630094
please post them

[Anonymous No.11630258]

>>11626859
Dear lord, you guys must be trolling, i don't believe that people can be this delusional, to think it could surpass 100k let alone 20k again.

The only reason bitcoin reached 20k in the first place was from media hype, and a bunch of normies gambling trying to get rich quick. Bitcoin won't ever surpass 20k without a big news story, which is unlikely to happen again on the scale that it did.

Bitcoin is useless and is too complex to the average person to use and benefit from right now which is why it will not gain significant value.

Save this post and see in a year... I can guarantee it will be worth less than 10k. Enjoy your losses :)

[Anonymous No.11630765]

>>11624937
Austrian economics is coded into the protocol finally someone who gets it. 2032 BTC will be > 1MM USD

[Anonymous No.11630776]

>>11626841
Fucking idiot right here folks

[Anonymous No.11630807]

THIS IS THE REALITY

[Anonymous No.11630818]

>>11630258

It’s people like you who will never make it and will be stuck in an eternal wagecucking hell

[Anonymous No.11630828]

>>11630258
you don't think there will EVER be media hype again?
a lot of people first heard about it during the last major media pump. Do you really think that these media organizations don't have vested interest?
You don't think people who own the media outlets already had their pockets lined, prior to covering Crypto in the news?

How fucking dense can you be?
At some point, we will replace the FED. and there is already system in place to replace it.
Don't be naive and believe that the major media outlets will NEVER cover Crypto again. They are among the major players buying up the cheap bitcoin that you fags are currently selling.

[Anonymous No.11630850]

>>11630258
to expand on my last point.
major media outlets all fuckin hate trump.
Trump has definitely propped USD up in ways that will not last forever
Trump has already vocalized his distaste for the FED and rising interest rates
Crypto = deflationary....

Media wants to waste Trump = they try to fuck USD
They will try their best to crush USD, and they will win.. BTC is about to hit the news again.
expect to see MSM talking Crypto again after the midterms, Faggot.

[Anonymous No.11631360]

>>11630258
no it reached 20k because a private institution pumped and dumped it. it has little to do with the media rookie

[Anonymous No.11631432]

>>11625555
Witnessed