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/biz/ - Business & Finance


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21752417 No.21752417 [Reply] [Original]

I find it amazing how you idiots don't seem to understand the significance of bitcoin, and that it STILL has more upside potential than literally any worthless pump and dump shitcoin

>> No.21752427
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21752427

>>21752417
nice pooch.

>> No.21752436

>>21752417
I agree, Doge is the most significant coin out there.

>> No.21752443

You're all retards for not realising that both bitcoin AND alts are gonna make us filthy fucking rich

>> No.21752495

>>21752417
I find it amazing that you don't realize that this is a top that just formed and we are set to decline through the month of September.

>> No.21752520

>>21752443
You don't understand bitcoin, and how it works.

Otherwise you'd know alt coins are scams

>> No.21752549

>>21752495
Actually I do know, but also know TA only works until it doesnt, and I know either way I do not give a shit because I'm going to keep stacking sats.

>> No.21752692

>>21752417
And what is the significance? The low public perception after 2017 crash? The volatility? That most of it is held by whales? The washtrading? The dark markets? The scams? The low speed of transactions?

>> No.21752708

>>21752417
Ur so fucking stupid

>> No.21752791

>>21752417
Bitcoin has no upside potential. It's going to bounce between 3k and 20k forever.

>> No.21752827

>>21752417
>>21752520
>>21752549
back to twitter normie

>> No.21752871
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21752871

>>21752791
>drinking delicious aged salty tears
this post will not age well

>> No.21752895
File: 145 KB, 1060x1390, alternativecryptocurrencies.jpg [View same] [iqdb] [saucenao] [google]
21752895

>>21752443
>alts

>> No.21752903

>>21752871
it will age well
screencap this

>> No.21753043

Bit coin follows Precious metals and dxy.

It's being utilized as an emergency asset, like gold.

Your crypto "projects" have no significance in comparison to the importance of the dollar strength index (dxy).

Fucking crypto fags not realizing this is disappointing.

>> No.21753140

>>21753043
agree except for the second statement.
I dont think, and never have thought bitcoin is an emergency asset, as proven by what happened in march. Eventually it will be, but it hasnt reached that point yet, and will probably need to hit 10 million dollars before it becomes one

>> No.21753238

>>21752871
I will remind you of it when bitcoin gets rejected at 20k again.

>> No.21753278

>>21752417
Ok boomer. Don't need corn no mo. Always buy USDT instead. Corn is obsolete

>> No.21753456

>>21753278

Fuck off reddit

>> No.21753649
File: 403 KB, 641x628, DOESMANCARE.png [View same] [iqdb] [saucenao] [google]
21753649

>>21753238
>ill be back to laugh at you when you've doubled your money and more hedgefunds begin piling in

>> No.21753706

>>21752417
This, 100%
Blows my mind
But these are the junior bacon cheeseburger zoomers who only know a BTC bear market.

>> No.21754283

>>21752417
BASED
>>21752495
TA is BS, you don't understand market makers.
>>21753140
>I dont think, and never have thought bitcoin is an emergency asset
This was the main reason for the '13 BR, the cypriot banking bailin. I see it happening again, I see pre '13 events happening RN, to to the scale yet of course. Many forget iceland was the banking trigger. Little old iceland
>>21753278
>Corn is obsolete
Daily reminder '17+ fags opinions are worthless
>>21753706
its a real shame

>> No.21754423

>>21754283
>>I dont think, and never have thought bitcoin is an emergency asset
>This was the main reason for the '13 BR, the cypriot banking bailin. I see it happening again, I see pre '13 events happening RN, to to the scale yet of course. Many forget iceland was the banking trigger. Little old iceland

I agree, but that wasn't my definition of emergency asset. I see it coming as well but its not an "emergency" yet, its just something to prepare for. Most people who own bitcoin dont understand it like biznoobs, and will probably panic sell in any international economic emergency like they did in march.

But bail ins are basically guaranteed, it even says on the UK government website lmfao
https://www.gov.uk/government/consultations/bail-in-powers-implementation-including-draft-secondary-legislation/bail-in-powers-implementation

>> No.21754585

Sure atcoins can make you rich, but they might also get you to zero. BTC will make you rich but take a little longer, no risk though.

>> No.21754693

>>21754585
This, bitcoin is a zero risk asset

few understand this

>> No.21755059

>>21754423
>But bail ins are basically guaranteed
tots agree
if you check out the UK 'insurance fund' (FSCS) it has enough for 46K accounts @ the max payout of £85k. ffs most bankers don't know this.
Personally i don't think BTC needs bank failure, It will be whats its become, a digital private reserve currency, Bank failure will help of course.

Best of luck convincing this board of retards

>> No.21755182

>>21755059
bitcoin doesnt "need" anything

This is what people don't get because they've listened to some lolbertarian hippie freak on youtube who says THE END IS NIGH every 3 days and gets it wrong, and claims bitcoin will moon "when the entire world ends"

Bitcoin will moon simply because it is bitcoin. The point is it will survive things that fiat currency will not because it is anti-fragile

>> No.21755242

>>21755182
I mean

Bitcoin can live alongside fiat currency very easily

But fiat currency might not be able to live along side bitcoin for very long

>> No.21755258

>>21752417
we do but you cannot make more bitcoins from bitcoin. we trade alts to make bitcoin and hope we're the winning side of the trade.

>> No.21755357
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21755357

>>21755258
seek help.

>> No.21755468

>>21755059
You are right. However, what's the point if you are buying in KYC exchanges?

If you go and buy in Kraken or Coinbase or pretty much any exchange with liquidity, the government already knows you own X BTC. "But my dog ate the Trezor". They'll just seize other assets or fine you.

That's why I never got involved in Bitcoin. Sounds cool, but that's about it. Only the rich that can have sources of good OTC liquidity and then launder it to buy McMansions will benefit. Now it's too late for the little guy.

Even if you bought a million worth of BTC now and it went to 100k$, you would still have only 10 million$, that's nothing in the grand scheme of things, govs will cuck you. Banking privacy is a meme in 2020, when you go to Switzerland and say you "bought BTC OTC" or something they'll not take it the right way. Alternatives are shitholes like Georgia where I suppose they don't care where the money came from so not really an alternative. There's no point in having a ton of money in shitholes and all non CRS countries are exactly that. So again, I don't see the point.

>> No.21755623

>>21755341
>>21755468
Very valid concern, and the unfortunate reality is you may be right to an extent. I doubt the government and jewish media will allow us to get away with getting rich and, as they will put it "PROFITING FROM OUR MISERY". They will brand us as traitors and anti-patriots to whip up hate towards us so they can probably try to steal it from us.

Fortunately for me, I have huge balls and I am willing to make that fight.

When you're given one shot at life, why not take it? No way I'm rolling over, especially after THEY bankrupted us in the first place with THEIR centrally controlled financial paradigm. I will not accept serfdom.

>> No.21755658

>>21754585
>>21754693
>my special asset is risk free
delusional and irresponsible
>>21755623
trolling or retarded

>> No.21755751

>>21755658
You don't understand bitcoin

You also don't understand the size of my balls

>> No.21755857

>>21755623
Based

>> No.21755891
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21755891

>>21754693
How is it risk free? A harmless, gentle smoothbrain is curious.

>> No.21755937

>>21755891
No counter party, everything other asset is someone’s liability.

>> No.21756088

>>21755242
I'm of the presonal opinon BTC/Cryptocurrency will never replace fait. Blockchain, sure. Blockchain (ICO) is fiat, it just removed the double entry bookkeeping. Which i'm sure the CBs will still keep.

>>21755341
>However, what's the point if you are buying in KYC exchanges?
One word, RENOUNCE or if not a Burger, become tax resident elsewhere. Get multiple passports as insurance.
>Now it's too late for the little guy.
Nah, crypto is an option to opt out.
>Alternatives are shitholes like Georgia so not really an alternative.
Andrew?
There's a world of countries out there. As we're talking about Crypto, Portugal doesn't tax crypto. They offer a golden visa program.
>non CRS countries are exactly that
This is sadly true though, ALL of them are. Just look for a territorial tax country that allows CFCs...but they're all third world shithole by your definition, probably.

You have to make a lifestyle choice, stay in a country thats peaked with high taxes or find another option that requires you to leave.

I was on track to leave @ the end of this year, I'm *probably* going to wait 1 more year now. BUT, I'm impulsive, I reserve the right to change my mind.

>>21755891
In finance the 'Risk free rate' is bonds, US bonds...Not completely risk free, they *could* default.
BTC can't default, it's the largest most secure way of storing funds. It's just as safe a hodling gold yourself at this point. With the added benefit of moving it between jurisdictions.

>> No.21756113 [DELETED] 

>>21752417
Actual crypto oldfag here.
I do agree that Bitcoin is one of safest holds long term and it's almost guaranteed to be up in 5 years.
That being said, lots of coins will outperform BTC by a huge margin short term (1-3 years).

There's nothing wrong with just buying and holding BTC (and nothing else) long term. That's what I recommend to most people I know who aren't into crypto.
But if you know what you're doing there's a lot of money to be made my trading/ investing in alt coins.
It's like buying an index fund vs. investing in penny stocks.

>> No.21756120

>>21755468
see >>21756088

>> No.21756156

>>21752417
Actual crypto oldfag here.
I do agree that Bitcoin is one of safest holds long term and it's almost guaranteed to be up in 5 years.
That being said, lots of coins will outperform BTC by a huge margin. Especially in the short run.

There's nothing wrong with just buying and holding BTC (and nothing else) long term. That's what I recommend to most people I know who aren't into crypto.
But if you know what you're doing there's a lot of money to be made my trading/ investing in alt coins.
It's like buying an index fund vs. investing in penny stocks.

>> No.21756236

>>21753043

20k bitcoin in 2017 followed precious metals to 20k huh

>> No.21756276

>>21755891
Stocks go bankrupt.
Bitcoin can't go bankrupt.
It's existence is secured through hard the sciences of thermodynamics and mathematics.
No one can destroy it.
It doesn't even require humans to continue existing.
It doesn't rely on a country's economy.
It cannot be stolen from you, providing you have secured it properly (unless you're kidnapped and beaten).
It has virtually unlimited upside potential.

The only risk is your short term perception of value trajectory. Long term bitcoin is an inevitability.

This is why corporations are now buying bitcoin as a reserve asset.
>See MicroStrategy investing $250,000,000 just last week

>>21756113
>>21756156
Actual bitcoin oldfag here
I doubt any alt coin will even out perform bitcoin within 1-3 years. I believe bitcoin is heading for its next leg up to 100K. There will be plenty of shitcoin scams with 0 liquidity pretending to 100x as well, but these are nothing but an illusion.

If you want quick massive gains, go to a casino. Your expectations and reality probably won't align, just like all idiotic gamblers.

>> No.21756418

>>21752417
It's the most obvious and easy 10x over the next 3 years. High time preference shitcoiners would rather pump and dump and hope to be on the right side of the pump

>> No.21756494

>>21756276
Oldfag what day you on eth then? will this outperform bitcoin?

>> No.21756651
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21756651

>>21755937
>>21756088
>>21756276
Thanks, I think I understand now.

>> No.21756656

>>21756494
Eth is bullshit. It isn't anything like bitcoin, and vitalik and his cronies will go to jail for securities fraud

Its two successes have been:
>ICO mass fraud 2017
>DeFi mass fraud 2020

>> No.21756712

>>21752903
zoomers are hopeless

>> No.21756951
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21756951

Bitcoin is a worthless store of value because it has no real world uses. You can't make anything out if Bitcoin. Bitcoin is highly inefficient. First doesn't mean best. Bitcoin will die.

>> No.21757027

>>21756651
Your welcome, just stick around, it takes forkin years to learn, even then you're never done.
Understand that most of 'Crypto' isn't crypto, its blockchain. Cryptocurrency definition below.
cryptocurrency
a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.

>>21756656
>for securities fraud
The SEC has given them a pass on the ICO as they use PoW...but if they use PoS its open season.
Sadly i don't have much faith in the SEC actually doing their job.
t. passed up on the ETH ICO as the SEC could have easily fucked them.
The ETH ico was 1 month before BTC became a commodity.
>>21756951
Daily reminder '17+ fags opinions are worthless

>> No.21757119

>>2175695
>You can't make anything out if Bitcoin.
Golds industrial utility value is $7.
Before the invention of electronics it was zero.

>Bitcoin is highly inefficient
Wrong, bitcoin is highly efficient. No need for cargo ships, maximum 24 hour security to secure your gold, armed guards, fortified complexes...

>First doesn't mean best
you do not understand how bitcoin works

>Bitcoin is a worthless store of value because it has no real world uses.
you do not understand what bitcoin is

>> No.21757131

>>21756276
Lots of alts with plenty of liquidity have outperformed BTC over the past 3 years. Some of them were pretty obvious winners (such as link). But as I said, if you don't know what you're doing and just bet on random shitcoins then just stick to holding BTC.

>> No.21757163

>>21756276
Bitcoin requires both electricity and internet. If either are wiped out for a short period of time, your asset is worthless.

>> No.21757173

>>21756951
>worthless
>store of value

you proved yourself wrong in 1 sentence

>> No.21757240

>>21752520
is eth a scam? is renVM a scam? is link a scam? is polkadot a scam? is loopring a scam? these things directly benefit btc, its not a winner take all game they will have synergy with one another. do you really think everyone is going to just agree to use the one true cryptocurrency?

>> No.21757272

imagine being mentally retarded and missing altseason because you're a maxi
meanwhile, everyone is multiplying their BTC stack with alts and mr maxi over there is "stacking sats" with his minimum wage scraps

>> No.21757283

>>21755468

Bitcoins not about banking privacy its about decoupling your assets from the shitty fucking banking systems which steal from people, then have the taxpayers bail them out, then pay themselves giant bonus checks and do it all over again.

Instead of being reliant on the corrupt banking cartel you can decouple yourself from it with Bitcoin.

Its not about hiding your assets your one-minded freak, its about the fact that those faggot ass feds can't touch your moneh no matter how much they know you have

>> No.21757312

>>21752495
I do understand how bitcoin works. It should be the global reserve currency and probably will sometime after china and america restructure

>> No.21757350

Gaming @ Bitcoincomgames is getting interesting as each node finds a proof-of-work for its blockchain and also broadcast them to all other nodes just to prevent any form of scamming.

>> No.21757385

>>21757163
Internet will always exist, if it becomes destroyed it will be rebuilt at some point. The blockchain is stored on some computers in bunkers which survive solar flare and EMP blasts from nukes. If electricity is wiped out you have alot more to worry about than your internet chuck e cheese tokens at the point

>> No.21757425

>>21752417
Yeah no shit the only question is WHEN
Do we have years before it pumps? Months? Weeks?
I understand that it's low/zero risk but meanwhile, alts do x10s every week. Can't wait 10 years for BTC to do an x5.

>> No.21757446

And what about VRA token? they can do 10x and among most bold tokens from Kucoin and others

>> No.21757676
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21757676

Interesting situation.
on one side are banks and other many rich and smart people who buy BTC in 2013-2014. They have about 50-70% of all supply.

On other side are the crowd of normies that think BTC will go to the 1 gozillion dollars because muh inflation, muh goverment muh free money and other bullshit.

BTC market cap is very small and one big sale can drop the price very much. Smart money that buys in 13-14 need get their gains, okay?
For get their gains back they need LIQUIDITY.

What i see now? shilling bitcoin from all "smart" people. All they say for the "smart normie" is BUY BITCOIN! YOU WILL BE REACH! This is distribution phase for the years ahead.

Blockchain have future, smart contracts and other good things have future. BTC - not. Every normie knows that bitcoin makes him rich.
This is over for bitcoin, move ahead

>> No.21758162

>>21755891
It's not. Don't listen to the other anons claiming otherwise, they're just trapped on Mount Stupid. Nothing is risk free. It might be less volatile, but that's about it.

>> No.21758542

bitcoin is far far far from risk free but it is considerably less risky than everything else in the crypto market. there is certainly a lot of opportunity to be had in the emerging defi space, but personally i can have a considerable portion of my worth in BTC and sleep like a baby, while my defi investments make me nervous

new people here who weren't around for 2017 should understand that while there are plenty ways to make money in alts during times like this, at the end of the day there is only one big daddy store of value blockchain that created and to this day sustains the value of this entire space. btc is currently worth 100x+ all of these fun innovative experiments, its the only thing relevant with the new big sources of capital coming into this space (institutions), it works for its use case today and isnt dependent on future tech rollouts, and when it starts to run again it's going to suck all the air out of the room jt like it did last time whether you like it or not

>> No.21758842

>>21757027
>Your welcome, just stick around, it takes forkin years to learn, even then you're never done.
absolutely this

>Understand that most of 'Crypto' isn't crypto, its blockchain.
absolutely not this. blockchain is bullshit.
and cryptocurrency is just a scam word shitcoiners use to associate their scams to bitcoin and confuse noobs, thus creating more shitcoiners

Only Bitcoin matters. Understand it.

>>21757131
Just because link hasn't crashed yet, doesn't mean it's an exception to the rule. It just means it's yet to crash.

>>21757163
Wrong, learn more.
Decentralisation means the network is totally resilient against local power outages, or even national outages.

Everyone has a copy of the ledger, so if the entire internet went out for a full day, it would come back online the next day. There will probably be a lot of orphaned blocks from the outage time, but PROOF OF WORK will help re-establish concensus about the current state of the blockchain.

Coins with 1000 confirmations before the outage (for example)? Not the slightest thing to be worried about.

>>21757173
kek

>>21757240
you're so deep in snake oil that you're a lost cause

>>21757272
we're humble, and we never have a down day

>>21757283
this

>>21757312
yes

>>21757425
you're in for a rude awakening

>>21757676
thanks, just got cancer

>>21758162
>it might be less volatile
so from that short comment i can gather youre talking about bitcoin vs alts, to which i assume you are batshit retarded, know nothing about anything, and need serious gambling help

>> No.21758885

>>21758542
defi is an effort to bypass financial law. think any corporation is going within a 1000 yards of that? think again.

stick with "farming yams"

not going to bother reading the rest of what you wrote

>> No.21758992

>>21758842
>you're in for a rude awakening
Enlighten me, easy to be cryptic on /biz/. What reason is there for BTC to do an x100 again.

>> No.21759097

>>21758842
>cryptocurrency is just a scam word shitcoiners use to associate their scams to bitcoin and confuse noobs
This was exactly my point of posting the definition

>> No.21759114

>>21757272
>everyone is multiplying their BTC stack with alts
this is a very false statement
very few people are able to pick up gems and hold for a 20X
majority of the people are buying shitcoins after a huge pump and get rekt
for 1000 people buying link on ico, 500 will sell along the way, 500 will become multimillionaire, and other 50000 people are providing the liquidity for early whales to exit while they get dumped on
it’s literally survival bias, that’s why if you are not actively researching and trading shitcoins, you just buy BTC and you are sure in the long term you will be up without risking almost anything.
Are you able to do a 20x? Then do it, nothing wrong with that, but most of people are unable to do it

>> No.21759174

>>21757163
And that's why you never unplug a computer. If it loses power even for a moment everything is gone and you have to buy a new one.

>> No.21759206

>>21752417
This. Boomer funding incoming. There are legit and regulated exchanges that started to offer investments in btc without the need of even having a wallet. Due to zero interest rate, dollar devaluation and inflation scenarios i expect a big rise coming.

>> No.21759244
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21759244

>>21752495
Lol, the TA retard again.

>> No.21759350

>>21758992
Run the fucking numbers
>https://medium.com/@lucidfunds/the-long-and-winding-road-to-10-million-bitcoin-4b1c83d26e5d

>> No.21759362

>>21755468
>even if you multiplied your wealth by x10, it's not a big deal
Oh yeah, I hate decupling my wealth on a low risk asset. Basically not even worth the time it takes to click buy on CB. It's not a 10000000x so why even bother amirite?

>> No.21759442

>>21756276
How do you feel about ETH and XMR performance relative to BTC during the next leg to 100k?

>> No.21759514

>>21759350
Well, looks like a matter of years rather than weeks. Of course I only skimmed over the article, I will read it in depth later, thank you for the link.
My plans are to buy my 1 BTC when(if) LINK reaches 80$ which I think is not an absurd notion. Hopefully, I make it in time and don't have a rude awakening. I have no doubt that Bitcoin is king, it's just a question of timing.

>> No.21759622

>>21759442
I think I've made it clear already

>> No.21759737

>>21755623
Well, if you are from the US, how are you going to do it? You are extra cucked due the IRS being a global boot on your neck.

>> No.21759885

>>21757283
>Its not about hiding your assets your one-minded freak, its about the fact that those faggot ass feds can't touch your moneh no matter how much they know you have

Yes they can. If you bought in anything but a private OTC transaction they already know you own X amount of BTC. If you claim you don't have it they'll just fine based on the ammounts unreported.

Even if you never cash out, then so fucking what. You couldn't buy anything but meme purchases. Forget about real state and anything in your name. Being rich so you can only buy on wallmart, big deal. And even at some point they'll register every BTC purchase with your name, so not even that. And that's assuming if the everyday commerce places ever accept it which is unlikely but who cares, being rich is to own real estate, a solid portfolio of index funds and stocks and so on, otherwise it's pointless. And the moment you put anything to your name a government will know.

>>21759362
We are discussing the fact that the government can steal (or fine you if you don't give them yourself) your BTC because they know you bought, read again you dumb zoomer.

>> No.21759943

Nothing goes up. Bitcoin never goes up. We are just waiting for this horse shit bull run that was suppose to happen months ago. Still, nothing. This is un fucking believable. I fucking hate crypto so god damn much.

>> No.21759989

>>21759943
everybody knows that it starts in q2 2021

>> No.21760020

Buttcoin hasn't been relevant since stable coins became a thing. Chinese capital flight mostly happens through eth and usdt these days, not buttcorn

>> No.21760049

>>21759885
>We are discussing the fact that the government can steal (or fine you if you don't give them yourself) your BTC because they know you bought
No, they can’t steal your private keys, especially you “lost them”
https://www.theguardian.com/world/2020/feb/21/irish-drug-dealer-clifton-collins-l46m-bitcoin-codes-hid-fishing-rod-case

>> No.21760104
File: 1.08 MB, 756x903, btcmoon.png [View same] [iqdb] [saucenao] [google]
21760104

>>21759943
The cut the supply has barely impacted the market. Wait until tail end of 2021. 2029 is when the game is really going to get interesting. Just timelock a small amount long term and consider it money lost.

>> No.21760203

>>21756088
>There's a world of countries out there. As we're talking about Crypto, Portugal doesn't tax crypto. They offer a golden visa program.


We are not talking about paying low taxes (Portugal). We are talking about the fact that, if you bought BTC any other way but OTC, the government already knows you bought it, so you aren't hiding shit.

On the other hand if you buy OTC, when you go to Portugal and they ask where the fuck all this money came from, you'll say "I just traded cash for BTC with some random dude I meet" they'll audit your ass into oblivion and here anything goes.

Once again, there aren't any countries that will let you put any relevant amount of money in a bank account without asking where the money came from, and if there are any, they are most likely risky shitholes with dodgy banking.

"Change your tax residence". If you visit an obvious tax haven, you'll get audited and monitored for years before you are no longer tied in any way to your native country.

So no, I don't see any way out for us the little guy. Only the rich with endless resources can pull it, and even then there is a risk, they just don't go bankrupt for life if they get caught. If I buy BTC I will not do anything stupid, i'll just be 100% clear, there are no benefits doing otherwise if you aren't a billionaire.

>> No.21760241

>go to starbucks
>order coffee
>pay with BTC
>store is closed by the time they receive my funds

>> No.21760274

>>21760049

>(or fine you if you don't give them yourself)

Read before posting

>> No.21760315

>>21752417
BTC been stagnating for weeks. Weeks that you could be multiplying your capital while waiting for the next crash.

>> No.21760336

>>21760241
>go to starbucks
>order coffee
>pay with gold
>the cashier already went to retirement after her 3 kids graduated from The Nigger Street University by the time they receive my funds

>> No.21760369

>>21754693
Okay shit for brains, which one is the real bitcoin, you got presegwit utxo?

>> No.21760423

>>21758842
>blockchain is bullshit
>Only Bitcoin matters
Beyond parody.

>> No.21760468

>>21760423
t. linkie

>> No.21760552

>>21760315
>Weeks that you could be multiplying your capital while waiting for the next crash
Or not, dear Mr. Hindsight, since most of alts keep bleeding sats for weeks, months, years

>> No.21760814

>>21760552
Altcoin retards think their altcoin, of all the endless bunch, is the one that will not stagnate.

>> No.21761159

>>21754693
>>21756088
>>21756276
Just because it can't go to literally 0 or default doesn't mean it's risk free. How delusional are you. 50 years from now if bitcoin is $10 you'll still be saying "It's risk free"?

>> No.21761661

>>21752417
https://youtu.be/UX1GIhOhkAE

>> No.21761841

>>21761159
>50 years from now
probably some major FIAT currencies will not even exist, and in case they do, they will be so inflated that even if BTC will fail and will be only a useless collectible it will still be worth much more than a useless piece of FIAT paper

>> No.21761944

>>21760203
>We are talking about the fact that, if you bought BTC any other way but OTC, the government already knows you bought it, so you aren't hiding shit.
KYC has been around for YEARS, sure my first BTC i bought, i did buy cash, in person. But when the better fiat on ramps came I KYCed. I see a world full of options, you appear to focus on negative.
>So no, I don't see any way out for us the little guy
Well then thats the way it's going to be for you. It's a lifestyle choice, one your not willing to make. Freedom isn't free

BTC will still be an option to avoid bail ins & offer a currency that's not affected by gov. choices

>>21761159
I NEVER said it was risk free, stop being a retard
>50 years from now if bitcoin is $10
you could say the same for gold, literally anything
What if alchemy is proven correct & gold is abundant AF?
No one can predict the future.
I stand by what I said, BTC is less risky than holding US treasuries. US treasures are accepted as 'risk free' in finance.
This is a finance board, go ahead & tell us the least risky thing, I'll rebut it.

>> No.21762076

>>21760241
What about when all major stores have a lightning terminal.

>> No.21762171 [DELETED] 

>>21762076
>all major stores have a lightning terminal
Shocking!

>> No.21762257
File: 103 KB, 915x744, BlurryAFLightningBizPepe.jpg [View same] [iqdb] [saucenao] [google]
21762257

>>21762076
>What about when all major stores have a lightning terminal.
SHOCKING!

>> No.21762289

>>21752417
I understand it perfectly well. it’s not even complicated unless you’re retarded and I even own some myself but LINK and ETH are objectively better investments and have brought me substantially more gains than my gay ass BTC holding has. maxis like OP are also such cringe faggots it makes it difficult to even hold cuz I don’t want to be associated with them. they just sit there making slow ass 15% per year gains talking shit about everything else meanwhile LINK has done 6x and even the stock market has doubled in a few months while you’re barely keeping up with inflation with your glacier speed gains boomer bitch kek.

>> No.21762474

>>21762289
>I understand it perfectly well.
>Then goes on to explain he doesn't understand it.
Daily reminder '17+ opinions are worthless

>> No.21762601

I find it amazing how you idiots don't seem to understand the significance of Ethereum, and that it STILL has more upside potential than literally any worthless pump and dump shitcoin

>> No.21762822

>>21752417
Stick corn into your A-hole boomer. You are still here after it hit 20K. You will never make it, not now not never

>> No.21763537

Bumping this for newfag/Zoomer (samething) visibility

>> No.21763635

>>21762601
eth has no supply cap, and when staking is enabled it will inflate into oblivion and the only ones profiting will be eth oligarchs that owns most of the premined supply
I do have eth anyway to ride the eth2.0 hype, but it will never be a long term hold, it’s the 20% allocation reserved for shitcoin flipping, after eth2 there will be avax...

>> No.21763735

someone is controlling the shit out of it, so there's no incentive to let it moon. they just pump it and dump it over cycles, rinse and repeat.
it's never gonna go to 100k and stay there

>> No.21763891

>>21763735
>Never
give it a few more cycles Anon, probably less

Check out '16, it stayed @ 1k for MONTHS.
Have a read of the ebook on the below if you want to understand ranges.
https://lratrading.com/

>> No.21763921

>>21762076
not just that but basically taproot is a multiplier on lightning capability

>> No.21763954

>not trading ALTs to get more btc

>> No.21763983

>>21763921
most importantly before taproot all lightning liquidity pools of shared ownership must be by nature custodial basically the boomer way to do it. banks and shit.

past taproot liquidity pools can remain non custodial trustless shared ownership. crazy shit.

>> No.21764016
File: 395 KB, 3328x1724, 20200822_162714.png [View same] [iqdb] [saucenao] [google]
21764016

>> No.21764077
File: 3.43 MB, 300x266, 1596250975233.gif [View same] [iqdb] [saucenao] [google]
21764077

>>2175252
>You don't understand bitcoin, and how it works.
>Otherwise you'd know alt coins are scams

>> No.21764252

So BTC goes to the prophesied $150K. Oh wow a 12.5x How lifechanging. Unless you already have a bunch of money 12.5x is shit especially when another safe bet like ETH is probably going to 25x or more easily and other alts are going to do 30x or higher.

>> No.21764281

>>21752417
Of course Bitcoin has potential, and of course it will grow in price over the following years, but that doesn't mean you can't make a better return trading other shitcoins in the meantime, faggot.

>> No.21764345

>>21764252
if only you could build up a 10x long anywhere longing dips...

>> No.21764525

>>21761944
>what if alchemy is proven correct
Bitcoin maximalists KEK

>> No.21764686

>>21764252
If is not as safe of a bet newfag. That is what OP is saying if you read the /thread. If ETH changes to PoS it won't be cryptocurrency any more. If monkey skelly dies the price will crash. It's not as secure as its brings more complexity. Also the supply is unlimited.

>>21764525
Daily reminder '17+ fags opinions are worthless
Do you know who even started the 'maxi' thing? or why? I'll wait

>> No.21764734

>>21757676
>Every normie knows that bitcoin makes him rich
Every normie doesn’t have a bitcoin though. There are more than 21 million normies in the world. And less than a bitcoin won’t make you rich, unless you’re ready to wait a long time. So normies “knowing” that is not really a negative.

>> No.21764986

Thanks for this thread OP. Currently 100% bitcoin here. It's so easy it's stupid.

> Have decent salary
> Buy lots of bitcoin
> Don't trade alts
> Don't daytrade
> Don't buy on margin
> Don't buy options
> Retire comfy in five years

Why gamble when you can get a pretty much guaranteed 20x return off this next halving cycle?

>> No.21765083
File: 24 KB, 1169x567, Look-Into-Bitcoin.png [View same] [iqdb] [saucenao] [google]
21765083

If you don't believe it or don't get it, I don't have the time to try to convince you, sorry.

>> No.21765242
File: 101 KB, 834x834, 1598038828357.jpg [View same] [iqdb] [saucenao] [google]
21765242

>>21752417
Sorry OP, BTC isn't going to 100x anytime soon. Many "shitcoins" will though.

>> No.21765280

>>21762474
I'd guess '17+ people on average are way richer than most maxis at this point, because maxis stubbornly avoided buying alts when they were low.

>> No.21765304

>>21752417

Just let the shitcoiners perish, they’ve done it to themselves. Bitcoin doesn’t need them

>> No.21765336

>>21764252
Oh wow, a 30x, how life changing.
> 12.5x doesn’t help unless you already have money
Guess what, neither does 30x. But when you have enough money that both 12.5x and 30x would imply serious money, then risk also enters the equation, and bitcoin comes out on top. 12.5x * 80% chance > 30x * 20% chance of materializing.

>> No.21765468

>>21765242
Learn to trade & hedge instead of gambling on shitcoins if you want 100x. You know the majority of shitcoins aren't crypto right? Also you completely missed the point of the /thread. Great job tard
>>21765280
>maxis
Imagine not knowing where that phase started & using it out of arrogance.
The man that started it was proven wrong retard.

>> No.21765715

>>21752417
Bitcoin is garbage. Literally worthless with no use case. Its similar to actual gold. Its coveted by retards with zero brains.

Alt coins are the future.

>> No.21765857

>>21765715
Imagine being so new you write this out. Sad

>> No.21766026

>>21765336

>Random poor anon with $1000 to his name
>Hurrr should I go with $12,500 or $30,000 in the near future
>Some faggot anon said 12.5x was good enough as long as it came from BTC

Fucking idiot

>> No.21766058

>>21764986

>The most important step is listed as the first step and glossed over

Solipsistic retard. No better than a woman. Have some awareness of other people's situation.

>> No.21766386

>>21756951
Wrong its a fantastic store of value specially in collapsing economies

>> No.21766512

>>21766066

>> No.21767089
File: 13 KB, 229x221, B4A7F9C1-A5C8-468F-B9B2-778EB2783B3B.jpg [View same] [iqdb] [saucenao] [google]
21767089

>>21765715
>Bitcoin is garbage. Literally worthless with no use case. Its similar to actual gold. Its coveted by retards with zero brains.
The point is that as long as majority of boomers/funds/s&p companies think BTC is perfect to store value, BTC will grow stronger regardless of some new tech ai 5.0 new paradigm shitcoin that can be cloned/forked/hacked/dumped to zero.
It’s free market bitch, bitcoin is us, mining and running full nodes, bitcoin doesn’t care about your opinion, either you are participating, either you are not.
It’s like saying Singapore (minor shitcoin) is better than US (the big boi). Yes, Singapore has more upward potential, because it’s fucking small, but US is dominating worldwide with strong military and because of infinite influence all over the world. China is like ETH, oligarchic communis.
So you are living in Singapore and keep repeating US people are retarded, while they clearly dominate tech creation, and ignore that there are 54 shithole/shitcoin african countries

>> No.21767340

>>21758842
should i buy into btc now?

>> No.21767464

>>21759350
Just read the article, great read. Surprised how well it outlines the options governments will have and how the connections between asset classes and investors (institutional and retail) will lead to a global reserve currency - whether or not the $10m/BTC price point is realistic it still outlines why BTC should have significant value

>> No.21767505

>>21767340
As a long term hold? Absolutely.
You are not going to become rich overnight, in few years, you will be up, like stocks on steroid.
Wanna become rich overnight? Be prepared to lose everything. If you decide to flip shitcoin, flip them quickly, never baghold and remember to take profits (in sats, not usd)

>> No.21767542

>>21752549
>stacking sats

fuck off you normie pleb lol you’re 5 years too late to make good gains from btc

>> No.21767689
File: 117 KB, 924x873, 1595083567730.jpg [View same] [iqdb] [saucenao] [google]
21767689

>>21752417
Dont you understand that we gamble on random shit just to get more of that final coin that matters? Its the fastest way besides leverage but as there are liquidation candles there are rugpulls so its the same but in the end everyone does this just to get more of bitcoin so idk why you cry

>> No.21767699

>>21767505

but do you think BTC will crash to below 5k? Ideally i'd want to buy in as low as i can

>> No.21767730

>>21767542
it’s never too late, btc is not going away

>> No.21767889

>>21767699
>but do you think BTC will crash to below 5k?
it’s really unlikely to happen again, looks at stats, unspent utxo age, mining hashrate, demand vs mined supply

>> No.21768132

>>21752417
post more doggos

>> No.21768360

>>21752417
Btc has reached max tps. No room to grow. Switch to monero.

>> No.21768497

>>21766026
No, you’re the fucking idiot. If scenario A’s profit * likelihood is greater than scenario B’s profit * likelihood, then A is a better investment regardless how much (or how little) money you put in. The only reason to go for B is if the profit (if realized) is what you really need for some reason and A’s profit (if realized) just isn’t enough to meet that requirement.

>> No.21768516

>>21768360
>Btc has reached max tps
BTC has capped blocksize to avoid centralization issues
Scaling on layer 1 is stupid beyond imagination, not all tx are useful (e.g. nobody wants to waste space to store your coffee tx or groceries tx forever).
Layer one is settlement layer, layer 2 and 3 will be used for cash tx and smart contracts

>> No.21769021

>>21768516
>>Buzzwords
Btc mining is centralized. Hardware manufacturing is centalized. Transactions can be blacklisted.

WAKE UP, FOOL.

>> No.21769575

>>21765857
Imagine being so new to /biz/ you actually think shiny rock is valuable. Tell me what it does. Then I'll buy in.

>>21767089
>The point is that as long as majority of boomers/funds/s&p companies think BTC is perfect to store value
The majority does not. People were scammed into thinking its a good holder of value. Same as gold. I have not met a single gold/btc hodler that was wealthy.

However I have met gold/btc sellers who are millionaires.

Products that are valuable will generate your wealth. Products that exist as scams can only generate wealth by scamming others.

>> No.21769601

>>21767340
No you should not. Tell me what BTC does that Alt coins such as ETH hasn't. You should buy into ETH or numerous other alts that are better in every aspect than BTC.

>> No.21769639

>>21767689
He’s not crying about you, but about all the zoomer nubs who fell for the BSV psychos’ fud about bitcoin being useless boomer coin so they don’t know they are supposed to take gains in btc.

>> No.21769637

>>21752417
slow broken china coin