[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 7 KB, 232x217, pathetic.jpg [View same] [iqdb] [saucenao] [google]
19934932 No.19934932 [Reply] [Original]

Isn't it a bit pathetic how BTC keeps trying to climb back up?

>> No.19934991

Imajin being a btc bear.

>> No.19935011

>>19934932
it isn’t trying

>> No.19935043
File: 156 KB, 2155x1250, MOOOOOON.png [View same] [iqdb] [saucenao] [google]
19935043

MUMUUUUU! TUSD is ready to MOOOOOO--OOOOOOON

>> No.19935418

>>19935011
What do you mean?

>> No.19935642
File: 157 KB, 1598x1238, 9ru1zwqyw3q01.png [View same] [iqdb] [saucenao] [google]
19935642

>>19934932
The peak of crypto has passed.
There's mainstream awareness of what crypto is, and everyone except /biz/ can see that it's a scam.
2017 is over lads. Stop coping.

>> No.19935698

>>19935642
this will be my new go to chart
btc was jewed, get over it biz.

>> No.19935765

>>19935642
Ur never gonna make it anon

>> No.19935784

“As security researcher Dan Kaminsky explains, Bitcoin looks like a security nightmare on paper. A C++ code base with a custom binary protocol powers nodes connected to the Internet while holding e-cash, sounds like a recipe for disaster. C++ programs are often riddled with memory corruption bugs. When they are connecting to the Internet, this creates vulnerabilities exploitable by remote attackers. E-cash gives an immediate payoff to any attacker clever enough to discover and exploit such a vulnerability. Fortunately, Bitcoin’s implementation has proven very resilient to attacks thus far, with some exceptions. In August 2010, a bug where the sum of two outputs overflowed to a negative number allowed attackers to create two outputs of 92233720368.54 coins from an input of 0.50 coins. More recently, massive vulnerabilities such as the heartbleed bug have been discovered in the OpenSSL libraries. These vulnerabilities have one thing in common, they happened because languages like C and C++ do not perform any checks on the operations they perform. For the sake of efficiency, they may access random parts of the memory, add integers larger than natively supported, etc. While these vulnerabilities have spared Bitcoin, they do no not bode well for the security of the system.”

>> No.19936019

>>19935765
Most crypto traders lose money.
So even if I just left my money in the bank, I'd already be ahead of the vast majority of /biz/.
Statistics makes you think.

Don't forget my fries the next time I make an order. ;)

>> No.19936048

>>19934932
Btc doesnt do anything itself anymore. It just follows the Dow

>> No.19936308

>>19936048

its also not volatile enough to be interesting anymore, it hasn't even dared to attempt runs on the ath, and if it did there are so many ancient and forgotten orders queued it wont go anywhere, people were desperate to jump ship at 12k, not get on board

>> No.19936438

>>19935642

Most of thailand now uses minds.com as their social network. Decentralized finance is going to revolutionize the third world by taking away the power of money from their corrupt governments.

>> No.19936728

>>19936019
Just because you're too dumb to make money doesn't mean the rest of us are

>> No.19936948

>>19936438
You're very naive if you believe that governments are ever letting go of the power to control the currency.
Also, the government will never accept it as a way to pay taxes. So a that point, businesses would need to track 2 systems, while suffering from currency fluctuations and fees charged by the exchanges.
There's no way in hell that's going to happen. All the major vendors that tried to jump on the crypto fad had to revert those decisions. Since the system is massively inconvenient and they were losing a lot of money in fees and volatility.

Even ignoring all of that (which is a ridiculously large assumption). The developing countries are catching up with the west. So their banking systems will catch up as well.

Even if it doesn't catch up (another gigantic assumption, this is getting ridiculous). What's the guarantee that it's going to be your coin that's going to be accepted, and not something controlled by a government or a large bank?

There is absolutely no signs that crypto is going to be adopted (and even if there were) there's no signs that you'd ever profit out of that with your current coins. But the crypto community ignores all the data that they don't like.

You'll never be able to profit out of crypto (only with luck). Because it's a volatile speculative asset which doesn't produce anything.
Even if it was a currency. You probably wouldn't profit. Since currency trading is a terrible investment.
Don't believe me? Go buy some GBP, USD, EUR, JPY, etc. And start trading. You'll start losing money pretty fast.