/biz/ - Business & Finance

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Anonymous Mon Jan 20 19:49:32 2020 No.16929573 [Reply] [Original]

d-d-d-d-d-d-d-did you think it was strange when the crypto market went up 800+ billion in the 2010's and crypto usage AS A WHOLE..... didn't increase at all?

isn't that strange?

>>	Anonymous Mon Jan 20 19:51:49 2020 No.16929588 80 bil per year is chump change, crypto’s just been keeping pace with inflation

>>	Anonymous Mon Jan 20 19:52:27 2020 No.16929593 >>16929573 woah bro faggot faggot? faggot faggot faggot? faggot? faggot? faggot faggot faggot faggot?

>>	Anonymous Mon Jan 20 20:06:33 2020 No.16929716 >>16929573 how do you know usage hasn't increased? isn't the crypto market made up of thousands and thousands of shitcoins?!

>>	Anonymous Mon Jan 20 20:09:31 2020 No.16929746 >>16929573 not strange, its why its called a bubble brainlet

>>	Anonymous Mon Jan 20 20:10:21 2020 No.16929756 >>16929573 yeah

>>	Anonymous Mon Jan 20 20:12:01 2020 No.16929770 It was Banks pumping your bags prior to CME future price suppression

Anonymous Mon Jan 20 20:14:32 2020 No.16929791

>>16929573
Here's where I'll clue you in on what you're missing and you actually need to be a bit philosophically autistic to figure this out not merely mathematically/financially autistic as Burry.

The western economy is maxed out. The elites can't suck up more wealth from the plebs and raise the inequality any further without people storming their palaces and beheading them. You see, we're at a system that is fundamentally maxed out. There's no way to go further. People are running out of ideas as to how to pull themselves out of poverty or low middle class into a bearable existence, social mobility is dead. You see, here is where cryptocurrencies come into play. Cryptocurrency, yes it's probably going to usher in some new tech, yes Chainlink will probably moon, yes BTC will become digital gold. That's all correct. But that's not what's driving the value proposition of cryptocurrency. I will tell you what is driving the value. The value of the cryptocurrency is intergneerational wealth transfer. You see, if cryptocurrency does not contribute to a new financial elite and a new middle class, the western economy will implode. Cryptocurrency is one of the parts that are forming the basis of the intergenerational transfer of wealth. This is why it's going to worth as much as it's going to be worth. That make sense to you?

>>	Anonymous Mon Jan 20 20:17:43 2020 No.16929825 >>16929791 delusional but keep hoping (or coping more like)

>>	Anonymous Mon Jan 20 20:19:17 2020 No.16929841 >>16929573 b-b-b-b-b-b-but sir, the amount of bitcoin wallets in use keeps increasing every year as well as the number of Coinbase accounts. surely that implies more people have been entering the market over time?

>>	Anonymous Mon Jan 20 20:19:49 2020 No.16929847 >>16929791 Based TWO poster

Anonymous Mon Jan 20 20:25:46 2020 No.16929889

>>16929791

Seems more like it's just a new phenomena that hasn't been seen before.

People see it as this 2deep4u thing that they're sure is going to be worth something one day, but because it's 2deep4u, they don't actually have a clue and are just gambling. The market has persisted this long because unlike stocks or forex currencies, there is nothing in crypto that serves as a wake up call that undeniably tells everyone that it's clearly overvalued (like earnings reports for businesses or economic data for currencies). It's a clown market, and the fact that it was once worth more than google or amazon while also doing nothing is proof of that.

>>	Anonymous Mon Jan 20 20:26:18 2020 No.16929896 >>16929825 ill see you at 500k btc before end of decade. screencap this

>>	Anonymous Mon Jan 20 20:28:00 2020 No.16929913 >>16929889 you might not like it but its digital gold thats still in a highly volatile phase thats going to settle at 500k btc with various alts popping in and out of existence. screencap this

>>	Anonymous Mon Jan 20 20:33:05 2020 No.16929948 >>16929573 look into the controversy surrounding bitfinex and tether back in 2017. to this day they haven't proven that they weren't generating tether out of thin air to bump btc. https://medium.com/@bitfinexed

>>	Anonymous Mon Jan 20 20:34:51 2020 No.16929957 >>16929889 this guy gets it >>16929896 >>16929913 this dude's heavily invested both financially and emotionally on this market, therefore he HOPES its going to 500k >muh digital gold lmao gtfo of here

Anonymous Mon Jan 20 20:36:53 2020 No.16929973

>>16929913
I turned immediately bullish the moment I saw "respected" economists like Roubini, Rogoff and other bullshit academic economists predicting low prices or talking shit about cryptocurrency. You have to know those people are rentiers who derive their money from promulgating the status quo. I know the moment I read that, that cryptocurrency is going to be huge, huge bullish signal. The only real danger is that they are going to submarine it with (((regulations))).

Anonymous Mon Jan 20 20:43:32 2020 No.16930022

>>16929913
>you might not like it but its digital gold

Gold can't be forked, copied or improved. They are in no way comparable. If people could copy+paste gold and create an identical product at no energy expense, nobody would bother picking it up off the ground if they saw it.

The only actual advantage that bitcoin seems to have over the others is that it was first, and because of that, it is the main thing people trade alts against.

Anonymous Mon Jan 20 20:44:32 2020 No.16930035

>>16929957
It's a good opportunity that doesn't come around often. If they don't submarine it with regulations, i'm confident it's going to hit 100k before 2025, and 500k possibly long-term. My initial impression of cryptocurrency was that it was a speculative scam propped by money laundering, illegal shit and speculation, but the moment I heard mainstream economists attacking it, I knew there's more behind it than that. I have researched now enough to know that there is intergenerational and interclass pressure inherent in crypto, there are people who have no avenues of making money investing into it and feel shafted by the system, that number is only going to grow and it's already quite big I imagine. Then you have pure speculators who see much better gains than in traditional markets, some might be even rich bringing serious wealth into it and that number is probably growing as well the longer crypto market is functional. Then you have the technology behind it which has at least a promise of usecase and you have at least in BTC a sort of a store of value asset class emerging long-term. Yeah, I'm bullish on this. The divergence between these pressure points and negative academic opinion is easily a huge bullish divergence. Academia is always late and they will justify after the fact when BTC is 500k how and why this happened.

>>	Anonymous Mon Jan 20 20:46:44 2020 No.16930057 >>16929973 If those people were genuinely skeptical about cryptocurrency, how would they have had to communicate it to you for you to believe it?

>>	Anonymous Mon Jan 20 21:03:08 2020 No.16930181 Just like that stupid internet bubble, everyone knew that shit was worthless. right?... Right?... guys?

>>	Anonymous Mon Jan 20 21:09:01 2020 No.16930227 >>16930057 i dont doubt they are genuinely skeptical. they are just wrong. i dont trust academia to predict anything accurately, they don't have any skin in the game

>>	The Answer is 42 Mon Jan 20 21:12:36 2020 No.16930270 >>16929573 HA! Great bait, m8 Had a good chuckle at the film and a good chuckle at OP!

>>	Anonymous Mon Jan 20 21:13:02 2020 No.16930273 >>16930181 >infinite amounts of meme tokens are worth money because Amazon et al was seriously overvalued in 2000 ok

>>	Anonymous Mon Jan 20 22:04:05 2020 No.16930664 >>16929825 lol, obvious no coiner is obvious

>>	Anonymous Mon Jan 20 22:12:21 2020 No.16930738 >>16930035 You're pretty intelligent, you should start making your own threads.

Anonymous Mon Jan 20 22:16:52 2020 No.16930787

>>16930057
you can read what they say. their opinions are no more important than anyone else's. that they are a professor or a nobel prize nominee counts for fuck all outside of their fake and gay world of accredited "experts", paid to prop up the status quo

>>	Anonymous Mon Jan 20 22:17:41 2020 No.16930789 >>16930022 Expert level bait

>>	Anonymous Mon Jan 20 22:21:01 2020 No.16930816 >>16930035 Well said, anon. Do you think LTC will somewhat follow BTC?

>>	Anonymous Mon Jan 20 22:22:40 2020 No.16930830 >>16929573 Except I started using bitpay to pay for everything though?

>>	Anonymous Mon Jan 20 22:23:05 2020 No.16930832 >>16929573 it was a pump and dump. imagine something which no one sells, no matter how high you raise the price. only i'm not talking about crypto. i'm talking about the SP500

>>	Anonymous Mon Jan 20 22:35:53 2020 No.16930945 File: 57 KB, 645x729, 1546422386497.jpg [View same] [iqdb] [saucenao] [google] So many fudsters that got burned. 'I'M DOWN 80% AND THINGS AREN'T GOING MY WAY! BETTER BE ANGRY ABOUT IT AND ADMIT DEFEAT ON MESSAGE BOARDS'

>>	Anonymous Mon Jan 20 22:40:37 2020 No.16930975 File: 32 KB, 372x470, Fresh OC.png [View same] [iqdb] [saucenao] [google] >>16929791 You talk like a faggot.

Anonymous Mon Jan 20 22:56:22 2020 No.16931139

>>16930816
I don't care enough to read up on all coins. I think BTC, ETH and LINK are the good projects. But don't take my words as financial advice even for investing into crypto in general, I am sure there are many better investors than me, I am just following my instincts and in 2 years perhaps regulators will crash crypto's price or it never takes off. Do your own research and decisions.

>>	Anonymous Mon Jan 20 22:59:39 2020 No.16931180 >>16930945 Yes, everyone is a genius in a giant tulip bubble until they're not.

>>	Anonymous Mon Jan 20 23:07:42 2020 No.16931271 >>16929973 they will regulate crypto to death. only criminals and massive nerds/activists will take the effort and risk to circumvent the governments security measures

>>	Anonymous Mon Jan 20 23:07:59 2020 No.16931275 N-n-n-n-n-n no you didn't increase at all.

>>	Anonymous Mon Jan 20 23:09:02 2020 No.16931287 File: 2 KB, 83x125, contrarianapu.jpg [View same] [iqdb] [saucenao] [google] >>16931275

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