/biz/ - Business & Finance

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Anonymous Wed Jul 22 21:09:26 2020 No.20601830 [Reply] [Original]

All these alts pumping and then dumping while bitcoin stays stagnant is pretty much what happened before BTC began the 2017 bull run, just FYI. I predict there will be threads saying exactly this:
>Bitcoin dumps, altcoins dump.
>Bitcoin pumps, altcoins still dump.
>WTF WHY
this thread appeared so many times during the beginning of the runup in 2017. Except this time ETH may follow BTC.

>>	Anonymous Wed Jul 22 21:11:35 2020 No.20601877 >>20601830 Based oldfag

>>	Anonymous Wed Jul 22 21:12:50 2020 No.20601911 Same goes for ETH. This is gonna be big. 100k+ big.

>>	Anonymous Wed Jul 22 21:12:53 2020 No.20601913 >>20601830 Yep, newfags are about to get an upsetting lesson. Bitcoin is about to bitchslap 99% of alts. When the king moves you better not be caught in some shitcoins.

>>	Anonymous Wed Jul 22 21:13:58 2020 No.20601942 >>20601830 Yeah the truth is that for alts to really pump the whole space needs a major liquidity inflow. In the meantime they exist for accumulating more bitcoin.

>>	Anonymous Wed Jul 22 21:21:56 2020 No.20602174 >>20601913 Kek, I remember bitcoin being called "the shitcoin blackhole" or something like that

>>	Anonymous Wed Jul 22 21:23:07 2020 No.20602207 How will litecoin fare tho

>>	Anonymous Wed Jul 22 21:24:41 2020 No.20602250 >>20601877 >being here on 2017 is now considered "old"

>>	Anonymous Wed Jul 22 21:29:46 2020 No.20602373 >>20602250 Been here longer than 2017 friend. Unfortunately I cannot fucking leave this place. Neither will you.

>>	Anonymous Wed Jul 22 21:31:00 2020 No.20602408 >>20601830 Also LINK fren.

>>	Anonymous Wed Jul 22 21:32:09 2020 No.20602438 >>20602207 Good. The bcash and bcash sv shills will try to fud it though.

>>	Anonymous Wed Jul 22 21:34:47 2020 No.20602487 >>20602207 ltc is weird, it moves at it's own pace, at least it did in the past, mostly on rumor of deals with this or that. If you are patient, get a stack of ftc, set alerts and wait. suicide stack is 1 million

>>	Anonymous Wed Jul 22 21:35:41 2020 No.20602504 >>20601830 NOBODY wants your ponzi scheme coin with zero use case other than waiting 1.5 hours to send someone some money, and hoping someone else buys it from you at a higher price. Fuck out of here.

>>	Anonymous Wed Jul 22 21:38:33 2020 No.20602586 >>20602504 Heard a lot of this shit as well, as well as "muh tether scam" you're saying nothing new son and the process will repeat.

Anonymous Wed Jul 22 21:38:34 2020 No.20602587

Very true. People forget, but bitcoin is king. Unless it gets flipped into oblivion, it is going to fucking destroy everything.
Ethereum is a bit of a game changer, but until we have sharding, which is ~2 years away, it won’t surpass bitcoin. The synthetic bitcoins on ethereum chain is interesting though, and this alone will likely make ethereum follow bitcoin in its pumps.
Newfags learn eventually.

>>	Anonymous Wed Jul 22 21:40:13 2020 No.20602623 >>20602373 Me too. Wish I had money in 2017.

>>	Anonymous Wed Jul 22 21:41:48 2020 No.20602655 >>20602586 yea but back in your stone age days there were no alternatives. Now there are better coins to buy and BTC will struggle to capture the same market share as it did before.Trends don't last forever big boy

>>	Anonymous Wed Jul 22 21:43:35 2020 No.20602706 >>20601830 Dont care, wont hold your boomer shitcoin

>>	Anonymous Wed Jul 22 21:44:15 2020 No.20602726 >>20602623 Man I was an extremely poor uni student in 2015 who was still skeptical on Bitcoin and didnt want to risk putting what little money I had for food into it. 300 bucks a coin man.

>>	Anonymous Wed Jul 22 21:44:56 2020 No.20602750 File: 276 KB, 1024x1020, istockphoto-668927722-1024x1024.jpg [View same] [iqdb] [saucenao] [google] >>20602504 >t. invested in Samosa Token, legendary blockchain revolution ERC20 future technologies guranteed moonshot invested in by George Soros

>>	Anonymous Wed Jul 22 21:45:18 2020 No.20602759 >>20602655 You're correct. Bitcoin will eventually get overtaken. But it will not be this run.

>>	Anonymous Wed Jul 22 21:47:32 2020 No.20602828 >>20602726 same except it was 2016, $600, and I put the last of my savings account in

>>	Anonymous Wed Jul 22 21:48:42 2020 No.20602856 >>20602759 Agree to disagree. I think Ethereum will propel this next bull run, not stock-to-flow or halving effect. ETH will outperform bitcoin this run. Bitcoins day's are numbered

>>	Anonymous Wed Jul 22 21:50:23 2020 No.20602884 >>20602655 >there were no shitcoins in 2017

>>	Anonymous Wed Jul 22 22:10:25 2020 No.20603334 >>20602759 Yes, we are still awaiting the much awaited flippening operation dragonslayer.

>>	Anonymous Wed Jul 22 22:12:17 2020 No.20603381 >>20602884 There were shitcoins back then but they were true to that name. Today, those "shitcoins" have so many projects and use cases that they're legitimized. In 2017 you were speculating on ETH, in 2020 it's not really speculation anymore.

>>	Anonymous Wed Jul 22 22:14:21 2020 No.20603435 Bitcoin is just premined shitcoin.

>>	Anonymous Wed Jul 22 22:17:33 2020 No.20603510 >>20603435 Just sold all my bitcoin and donated the money to africans. Oh wait I’m not Vitalik

>>	Anonymous Wed Jul 22 22:18:43 2020 No.20603540 I gotta balance out this thread. BTC will always be #1 because it is PoW with the highest hash rate. If you have millions-billions of dollars, it’s the only blockchain you can trust.

>>	Anonymous Wed Jul 22 22:20:45 2020 No.20603594 >>20603540 based rational thought poster

>>	Anonymous Wed Jul 22 22:25:40 2020 No.20603714 >>20603435 Literally no it isn't. Don't talk shit about what you don't understand, you knuckledragging coon

>>	Anonymous Wed Jul 22 22:27:52 2020 No.20603757 >>20603540 You can only trust the hashrate if you can trust the people providing it, and 90% of BTC's hashrate is China.

>>	Anonymous Wed Jul 22 22:30:15 2020 No.20603794 File: 246 KB, 682x383, 1438819343832-2.png [View same] [iqdb] [saucenao] [google] >>20603714 Thanks for the (You), sir

>>	Anonymous Wed Jul 22 22:34:19 2020 No.20603900 >>20603794 I'VE BEEN PLAYED time to kill myself to retain my honor (it's just fun calling people knuckledragging coons desu)

>>	Anonymous Wed Jul 22 22:46:33 2020 No.20604165 >>20603714 He's right though. Satoshi and a few random nerds mined BTC for months if not years before actual competition showed up. Look at how much fucking BTC satoshi is sitting on. Looks premined to me

>>	Anonymous Wed Jul 22 22:48:12 2020 No.20604199 >>20604165 It was publicly available to mine during those "premine" years. Cope harder

>>	Anonymous Wed Jul 22 22:48:30 2020 No.20604211 >>20602504 it's people like you who we will dump our bags on at the top, and who we will buy our bags back from at the bottom. thank you for your service sir

>>	Anonymous Wed Jul 22 22:48:34 2020 No.20604212 Fuck bitcoin

>>	Anonymous Wed Jul 22 22:49:07 2020 No.20604225 >>20604165 Satoshi owns 5.5% of the current circulating supply. Your shitcoin team owns 40-90%

>>	Anonymous Wed Jul 22 22:49:38 2020 No.20604235 >>20602856 agreed

>>	Anonymous Wed Jul 22 22:50:01 2020 No.20604241 >>20604225 wrong. Consensys is so chronically broke they fire people left and right during bull markets (ETH). If you're talking about chainshit and XRP, then yes those are centrally supply scam controlled garbage. ETH is pretty equitably distributed.

>>	Anonymous Wed Jul 22 22:50:21 2020 No.20604248 >>20603540 considerable IQ

>>	Anonymous Wed Jul 22 22:53:06 2020 No.20604305 >>20604241 ETH had a 70M pre-mine lmao, ~61% of all ETH was premined.

>>	Anonymous Wed Jul 22 22:54:49 2020 No.20604349 File: 853 KB, 654x619, 1594252436859.png [View same] [iqdb] [saucenao] [google] >>20604241 >ETH is pretty equitably distributed.

>>	Anonymous Wed Jul 22 22:54:54 2020 No.20604351 >>20604305 61% of ETH was mined and then sold to random people, anyone could join and buy (decentralized). 61% of ETH was not kept by Consensys before launch. Satoshi is sitting on so many coins it's essentially a premined piece of shit like XRP

>>	Anonymous Wed Jul 22 22:56:37 2020 No.20604390 >>20604351 No, 50M ETH was sold to the public. 20M kept by the team. Thats nearly 4x team premine compared to satoshi, if you can even consider Satoshi mining a “premine” (you can’t). Salty shitcoiner keeps making up bullshit, i’m so shocked.

>>	Anonymous Wed Jul 22 22:57:48 2020 No.20604420 >>20604351 satoshi is the NSA or CIA. they're not dumb enough to crash the market when they're on the cusp of unlimited funds for black ops. think, anon, think.

Anonymous Wed Jul 22 22:58:40 2020 No.20604441

>>20604305
Name a good top 10 coin that doesn’t have a shit ton of coins owned by the founders.

Lots of smart anons in this thread. Bitcoin is still king and once it pumps, it’s drains the fuck out of alts. We saw this in 2018 when it broke out of the bear market. Ethereum will probably bull with it

Anonymous Wed Jul 22 23:00:52 2020 No.20604489

>>20604441
I’m not making an argument here champ. All i’m pointing out is factual information. Bitcoin has the best distribution by far. The guy i’m talking too is saying Bitcoin is like XRP and that Ethereum was better distributed, (objectively wrong on both counts)

>>	Anonymous Wed Jul 22 23:01:10 2020 No.20604503 >>20604390 Your mental gymnastics are tough to keep up with. The amount of coins mined by nerds with CPUs in the first year or two of bitcoin before anyone knew about it basically amounts to a premine

>>	Anonymous Wed Jul 22 23:02:48 2020 No.20604548 >>20602655 Lmao everybody said the same shit years ago. Here are some lessons > Hold a big cash reserve to buy huge dips > Hold at least 50% in BTC > Always take profit at 3-5x You're fucking welcome

Anonymous Wed Jul 22 23:03:22 2020 No.20604563

>>20604503
You have shit reading comprehension then. I’m not doing any gymnastics, just sting objective fact.

Informational advantage is not a pre-mine you fucking retard. There are plenty of people who still don’t know how to mine Bitcoin, so by your argument every single Bitcoin is premined.

>>	Anonymous Wed Jul 22 23:03:38 2020 No.20604574 >>20604489 Lullll how does bitcoin have the best distribution? By 2011, 33% of all bitcoin had already been mined

>>	Anonymous Wed Jul 22 23:03:53 2020 No.20604583 File: 72 KB, 734x1024, E3851A6F-8636-41EC-9C39-5EFF4C9488EA.jpg [View same] [iqdb] [saucenao] [google] Bitcoin 2.0 is here. Look no further

>>	Anonymous Wed Jul 22 23:04:29 2020 No.20604596 >>20604574 Name a single coin in the top 20 with a better distribution than that. I won’t wait, because it doesn’t exist.

>>	Anonymous Wed Jul 22 23:04:40 2020 No.20604599 >>20604563 So then what is the difference of people buying the Ethereum ICO?

>>	Anonymous Wed Jul 22 23:05:43 2020 No.20604634 >>20604596 There aren’t any. The distribution of all the coins are all shit. And it’s fine. It’s a stupid argument to have and no one cares. The founders deserve to be paid.

>>	Anonymous Wed Jul 22 23:06:58 2020 No.20604666 >>20604599 I didn’t even add the 50M sold to the equation. The devs kept 4x as much in a “pre-mine” as satoshi if you count satoshi mining as a “pre-mine”

Anonymous Wed Jul 22 23:07:48 2020 No.20604684

Y’all are wrong. 2017 tards have much more money invested than newcomers. Whales now this, therefore they will break all the rules you thought you knew in order to fuck you over. They are smarter than you and have infinite means (comparatively to you). Good luck, you’ll need it.

>>	Anonymous Wed Jul 22 23:08:04 2020 No.20604687 >>20604634 I’m not making an argument you belligerent faggot. Shut the fuck up then, all I said is Bitcoin has the best distribution of cryptocurrencies and you got whipped up into a hysteria even though you now admit that is correct.

Anonymous Wed Jul 22 23:10:00 2020 No.20604729

>>20604666
Can you tell me- why is Ethereum’s distribution outrageous, and Satoshi’s roughly 1million coins (or whatever it is) not? Is it some sort of arbitrary cut off you made? Or does it actually fundamentally hurt Ethereum and not Bitcoin despite basically being the same issue. Or do you just like Bitcoin?

Anonymous Wed Jul 22 23:12:28 2020 No.20604790

>>20604729
I never said it was outrageous, you are jumping to conclusions, you dumbass. I was refuting the person who was making objectively false claims. I own Ethereum, I own Bitcoin, this isn’t a football game faggot, you can like both and point out objective truths about them.

Anonymous Wed Jul 22 23:13:42 2020 No.20604818

>>20604687
My first post was saying that the distribution of all the coins in the top 10 are a joke. I love how people keep bringing this argument up...get over it. Bitcoin isn’t better. Satoshi can dump on you. The Eth Foundation can dump on you. Sergey can dump on Linkies. Xrp can dump on them. What the fuck is your point? Again, Bitcoin isn’t better.

>>	Anonymous Wed Jul 22 23:13:52 2020 No.20604822 >>20604729 You are emotionally tied to your investments like a woman who gets beat, won’t end well for you when your taking simple statements of facts as some sort of attack on your bags.

>>	Anonymous Wed Jul 22 23:15:20 2020 No.20604844 >>20604818 Actually, mathematically it is better. Satoshi owns less of the supply than other teams shitcoins. And once again, I wasn’t making a fucking point. I was stating objective truths about cryptocurrency distribution.

>>	Anonymous Wed Jul 22 23:17:05 2020 No.20604886 >>20602487 I'm in the 1 million club with LTC. If I had a million LTC, I'd be getting plowed by ladyboys in Thailand.

>>	Anonymous Wed Jul 22 23:17:50 2020 No.20604900 File: 2.54 MB, 390x373, 1587128707400.gif [View same] [iqdb] [saucenao] [google] >oh a thread let me check it out >it's devolved into two shitflinging retards screeching about semantics and unable to budge the other about which coin is more of a scam

>>	Anonymous Wed Jul 22 23:23:18 2020 No.20605018 >>20604900 >t. a shitflinging idiot with subpar reading comprehension skills contributing even less to the discussion

Anonymous Wed Jul 22 23:24:12 2020 No.20605040

>>20604666
Even if Consensys kept more than Satoshi, they've used it to fund development in the chain. Satoshi has no obligaition and can sell his whole stack if he shows up. Both BTC and ETH were premined, ETH at least has used their premine for the development of it's chain.

>>	Anonymous Wed Jul 22 23:25:56 2020 No.20605075 >>20602504 he doesn't know

>>	Anonymous Wed Jul 22 23:28:06 2020 No.20605127 >>20605040 You have absolutely no idea what Satoshi has done, or what Ethereum devs have done with their bags. Satoshi hasn’t moved a cent. This isn’t a fucking Bitcoin vs Ethereum argument you fucking retards. RELAX.

>>	Anonymous Wed Jul 22 23:30:21 2020 No.20605172 >>20605018 >he thinks arguing with another autistic virgin on a mongolian giraffe taming forum about magic internet ponzi schemes is an intelligent discussion

>>	Anonymous Wed Jul 22 23:32:25 2020 No.20605213 >>20605172 I never said it was an intelligent discussion. By the way, this is a cryptocurrency board and the thread was about Bitcoin and altcoins. You should go somewhere else if this isn’t the content you were looking for, idiot.

Anonymous Wed Jul 22 23:33:23 2020 No.20605230

Normies still only know about Bitcoin. They hear crypto anything and just think Bitcoin. They don't know about your oracles, or defi, or lending platforms or smart contracts, and the don't wanna learn. BTC will remain the king for the foreseeable future

Anonymous Wed Jul 22 23:35:01 2020 No.20605255
File: 38 KB, 413x395, 1588552735751.jpg [View same] [iqdb] [saucenao] [google]

>>20604900
>Joins thread complaining about "shitflinging retards screeching about semantics"
>then goes ahead and posts
>>20605172
ya dragged me back into my own thread thx anon

Anonymous Wed Jul 22 23:35:30 2020 No.20605266

Charles Hoskinson destroys BTC PoW. Ethereum is making the right move to PoS.
https://youtu.be/0QtQGzqAIiU
BTC is practically a Chinese chain at this point because a literal communist authoritarian regime can take control and 51% attack the network if they wanted.

>>	Anonymous Wed Jul 22 23:56:14 2020 No.20605657 >>20605266 He's smart. But also a scammer. kek

>>	Anonymous Thu Jul 23 00:03:06 2020 No.20605818 >>20603757 The pools are from china , not the hashrate , the hashrate is from all around the world.

>>	Anonymous Thu Jul 23 00:06:01 2020 No.20605865 >>20602373 >Been here longer than 2017 friend. Unfortunately I cannot fucking leave this place. Neither will you. don't forget you're here forever

Anonymous Thu Jul 23 00:09:02 2020 No.20605931

>>20601830
i hope so i held 2 bitcoins but its felt like a huge opportunity loss it better freaking moon, BTC maximalists are starting to give me XRP bags ir eally want BTC to remain chad and believe it will remain a legacy PoW store of wealth prob tokenized on ETH

>>	Anonymous Thu Jul 23 00:15:06 2020 No.20606046 >>20605931 Dude 800 btc per day are mined per day and no one will sell them due to their already low inflation.

>>	Anonymous Thu Jul 23 00:19:43 2020 No.20606113 >>20606046 just tell me im gonna make it with 2bitcoins

>>	Anonymous Thu Jul 23 00:22:07 2020 No.20606154 File: 8 KB, 250x247, 1587252455986s.jpg [View same] [iqdb] [saucenao] [google] >>20605255

>>	Anonymous Thu Jul 23 00:23:05 2020 No.20606171 >>20605865 I've resigned to my fate. Hopefully after this run I never have the urge to return but I doubt it. >>20606113 Honestly depends on your definition of making it and anyone who says they know how high it will go is a liar.

Anonymous Thu Jul 23 00:31:38 2020 No.20606315

>>20603757
Not true, if you can actually run full nodes on the network then a 51% attack is extremely limited and most people don't understand what little miners can do without getting their blocks orphaned.
Why do you think bch and bsv have a culture of saying full nodes don't matter? It's because they literally want to centralize the network around miners. Jihan for bch and Calvin for bsv. If there are only a handful of full nodes because they stuff so much weather data and shit into blocks then they can do whatever the fuck they want. They can create inflation, steal coins, etc.
This is why small blocks and being efficient on layer 1 is so important. It's the entire value proposition of Bitcoin. Nodes are a check and balance that limits miners power

>>	Anonymous Thu Jul 23 00:33:39 2020 No.20606338 >>20605266 Imagine not immediately turning off the video as soon as he starts talking. This guy is the biggest faggot in crypto

>>	Anonymous Thu Jul 23 01:05:06 2020 No.20606853 >>20601913 Shitcoins will moon too though. Like EOS and all that other absolute trash like XRP. Some made millions. The smart money is Bitcoin, always will be. 100k 2022.

Anonymous Thu Jul 23 01:21:48 2020 No.20607119

>>20606113

You'll make it. Sell for 200-400 grand, buy back in at the bottom. Millionaire in five years.

Or if you're like me, reduce your expenses to the point you can live off a quarter million.

Whatever you do, don't sell ALL your Bitcoin in the next bull run... always hold a little back just in case something ridiculous happens.

>>	Anonymous Thu Jul 23 01:46:44 2020 No.20607541 >>20604574 I don't think you understand the concept of distribution or scarcity. How do you not get it yet?

>>	Anonymous Thu Jul 23 01:52:03 2020 No.20607629 >>20601830 I get this feeling deep in my ass that makes me feel like we’re in a period similar to Q2/Q3 of 2016. The fattest gains are yet to come....

>>	Anonymous Thu Jul 23 01:58:33 2020 No.20607737 >>20601830 You retards do not understand market caps do you? Crypto market cap just jumped $5.5B in the last hour. $3B went to BTC, $1.5B to ETH and $1B to alts. Tell me again how btc is the loser?

>>	Anonymous Thu Jul 23 02:48:37 2020 No.20608536 >>20602655 there are still no better coins than btc nigga

>>	Anonymous Thu Jul 23 03:28:52 2020 No.20609134 Bitcoin to $1M - Kek

>>	Anonymous Thu Jul 23 03:57:06 2020 No.20609533 >>20607737 Based BTC poster

>>	Anonymous Thu Jul 23 04:03:22 2020 No.20609619 I’m too much of a BTClet to worry about it, sticking with alts to maximize my BTC gains before it starts to pump

>>	Anonymous Thu Jul 23 04:06:11 2020 No.20609665 >>20601830 LINK will also follow.

>>	Anonymous Thu Jul 23 04:50:06 2020 No.20610302 File: 32 KB, 799x658, 2533.jpg [View same] [iqdb] [saucenao] [google] >>20601830 >ETH may follow BTC You mean ETH will flip BTC. And swallow the crypto market.

>>	Anonymous Thu Jul 23 05:34:01 2020 No.20611063 >>20601830 there was also a binance hack just before if i'm not mistaken. and the run before that a hack preceded it. what just happened this month?

>>	Anonymous Thu Jul 23 05:37:25 2020 No.20611116 >>20607629 Kek

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