/biz/ - Business & Finance

[Anonymous No.12135542]

Bitcoin market capitalization is 57 billion $. Few months ago binance was expecting to net 1 billion $ in profits at the end of the year. And there is a lot more of bigger and smaller companies built around bitcoin. The whole ecosystem is worth much much more than those 57 billion $. Bitmain is worth 15B $ (as much as the biggest gold mining company in the world).

Some people keep saying that bitcoin is going down below 1000$. This is insane. That would mean market capitalization below 20B$. Few of the biggest companies could probably accumulate big chunk of the total supply, pump it and earn even more from trading fees or to just keep their mining business going.

I would like to see an indicator how much money do the bitcoin-related companies make in comparison to the bitcoin market capitalization. My point is that bitcoin has become too big to fall and when we hit certain price some of those companies will use their money to accumulate. Don't you think that the situation when ONE company profiting off of a commodity is worth more than that commodity itself is ridiculous?

[Anonymous No.12135546]

>>12135542
jews

[Anonymous No.12135548]

>>12135542
Ask anyone in August 2018 about BTC below 6k and most thought that idea was also insane. There will be a bottom but we are certainly not there yet.

[Anonymous No.12135550]

>>12135542
kikes

[Anonymous No.12135551]

bitmain is literally lsing billions every quarter and CZ is a tax evading scam artist. you fell for the crypto meme, cope

[Anonymous No.12135624]

Central banks are still printing 200bn
a month worldwide.

At peak of US quantitative easing the US was printing 80bn a month....a month.

[Anonymous No.12135833]

[Anonymous No.12136052]

>>12135624
Source?

[Anonymous No.12136064]

>Enron shares literally can’t go below $40
>Bitcoin cannot mathematically go below 6000 because of mining costs

[Anonymous No.12136087]

>>12136052
Fucking Google QE?
The Fed?

[Anonymous No.12136104]

>>12136064
I was going to reply with a snark comment about how bitcoins books can't be mismanaged because it isn't a private company, but before typing I realized that the books EVERYWHERE are manipulated as hell and nobody really knows how much liquidity there is

Funny how things change, the bubble brought about a new bubble like it always does

[Anonymous No.12136127]

>Bitmain worth 15 billion

Somebody tell him the 'news'...

[Anonymous No.12136134]

>>12136087
Chill out... I know as well as anyone that government loves printing money and how out of control it is. I just want to know where you got those specific figures of $80Bn and $200Bn from

[Anonymous No.12136212]

>>12136134
FUCK YOU NIGGER

[Anonymous No.12136238]

>>12135548
I always called the bottom at 1-2k

[Anonymous No.12136288]

>>12136127
was not following bitmain health story for months. what is going on now?

[Anonymous No.12136308]

>>12136134
he doesn't have a source, he pulls "facts" out of his ass just like the rest of the dumb /pol/ conspiracies

[Anonymous No.12136366]

>>12136308
>Current €30bn a month rate to €15bn a month in September and then finally end two months later.
https://www.independent.co.uk/news/business/news/ecb-money-printing-european-central-bank-end-date-a8398576.html
This is just EU. You have Japan and NA to include yet.

[Anonymous No.12136386]

>>12136366
learn what QE is first, it doesn't increase the money supply in circulation it simply changes the type of assets on the balance sheet. The average joe that doesn't understand what this actually means just calls it "printing money"

[Anonymous No.12136395]

Bitmain is not worth 15 billion, you fucking retard. That was some stupid investors who fomoed into a lying chink's cash grab.

[Anonymous No.12136407]

>>12136395
And they only raised 700 million, barely enough to offset the losses on bcash alone. Then there's the fact that bitmain is sitting on useless s9 miners that they fomo produced when btc was $20k.

[Anonymous No.12136413]

>>12135542
>too big to fall
Tell us about your bags

[Anonymous No.12136417]

>>12136386
I know what QE is.
They're not literally printing money you're right.
They're creating new money digitally and buying assets with it.

[Anonymous No.12136420]

>>12135542
this

[Anonymous No.12136421]

>>12135548
Oy vey!

[Anonymous No.12136435]

>>12136052
His ass

[Anonymous No.12136445]

>>12136104
If people knew how little is actually availible and how like 99% is people hodling it, given the fact the asset is measured against an actual fucking infinite debt backed, infinite supply collapsing currency, the price would sky rocket.

[Anonymous No.12136457]

>>12136445
Yes, I agree gold is undervalued

[Anonymous No.12136456]

>>12136386
Is this how you cope? literal keynesian fucktards get Phds for ideas like this.

[Anonymous No.12136464]

>>12136288
Roughly a billion loss from propping up bcash price, accumulated 1M bch that they cant get out of because no market liquidity.
Lost their main engineer who created S9, their new miner is an absolute failure.
Another billion lost stocking up old-ass S9s which are now nearly worthless.
Several hundreds of millions debt to TSMC.
Failed IPO and USA roadshow, after it came out that Jihan and his CFO were fudging the numbers.
Lawsuits incomming for fraud due to misleading IPO investors.

[Anonymous No.12136508]

>>12136456
https://twitter.com/nntaleb/status/830119583428259840?lang=en

[Anonymous No.12136529]

>>12136417
>I know what QE is.
you obviously don't

[Anonymous No.12136563]

>>12136529
"Money is either physical, like banknotes, or digital, like the money in your bank account. Quantitative easing involves us creating digital money. We then use it to buy things like government debt in the form of bonds. You may also hear it called ‘QE’ or ‘asset purchases’ – these are the same thing.

The aim of QE is simple: by creating this ‘new’ money, we aim to boost spending and investment in the economy."
https://edu.bankofengland.co.uk/knowledgebank/what-is-quantitative-easing/

Bank of England doesn't know what QE is either then?

[Anonymous No.12136592]

>>12136563
there is no increase in the money supply in circulation, the only change is on the balance sheet of the central bank, to be real money printing the money supply in circulation must increase

[Anonymous No.12136606]

>>12135542

Over time, Bitcoin will go to zero.

[Anonymous No.12136613]

>>12136592
>there is no increase in the money supply in circulation
I didn't say this was happening

[Anonymous No.12136628]

>>12136613
if there is no increase in the money supply in circulation then its not actual money printing. Its basically like two whales buying and selling a shitcoin by themselves to pump its price even though they both started with the same amount of money

[Anonymous No.12136647]

>>12136606
Over time, USD will go to zero.

[Anonymous No.12136661]

>>12136457
Not in the post-Bitcoin era. Enjoy getting your gold confiscated on every border while the smart move millions worth of Bitcoin seamlessly. You may by then understand how fucking retarded you sound when you say "b-but it's intangible!!!11111enoen1noeo1n1no"

[Anonymous No.12136665]

>>12136647
the numerical value of fiat doesn't really matter, its the relation with the increase in wages that matters. It doesn't matter if your grandpa could buy a car with a nickel if his monthly wage was half a nickel

[Anonymous No.12136682]

>>12136628
It's a distinction without a difference.
People refer to QE colloquially as money printing. You're not smart for arguing semantics.

[Anonymous No.12136695]

>>12136661
The government will just ban it retard.

[Anonymous No.12136719]

>>12136682
dumb people that don't understand what QE actually is call it "money printing", you are obviously one of those people that don't understand it because if you did you would know there is a huge difference. What Weimar Germany did after they lost the war was actual money printing not QE

[Anonymous No.12136775]

>>12136719
Creating new money digitally to buy assets and artificially distort the economy is bad
>Well they're not literally printing money so you're retarded
Fuck off anon

[Anonymous No.12136781]

>>12136308
QE is a 4chan conspiracy..... man this fucking board is just too funny sometimes. Makes me feel like the bubble had popped, too many 17 IQ laggards

[Anonymous No.12136793]

>>12136781
QE is not a conspiracy, what QE does is a conspiracy because you 5 IQ brainlets can't understand anything more complex than BBC and hitler memes

[Anonymous No.12136820]

>mfw there are people in this thread who actually for real believe the ancap and libtard nonsense and religious mantras handed down to them from boomer bagholders.
>mfw these people have been attached to their coinz, their gainz, and their quest to HODL, not SODL, so they can MOON, and finally attain LAMBO.
>mfw they still don't fucking know what the terms they throw out actually mean.
>mfw these people are so fucking dumb and unaware that they've missed what's going on with tether.

There's your quantitative easing.

[Anonymous No.12136856]

>>12136508
Fucking based

[Anonymous No.12137974]

>>12136695
>government bans bitcoin
>check blockchain
>blocks still being minted every 10 minutes

[Anonymous No.12137986]

>>12136665
imagine the keynessian cope