/biz/ - Business & Finance

[Anonymous No.2204582]

Now that the btc bull run is over, are all moon missions permanently cancelled? Or is it still possible for altcoins to moon in a bear market?

[Anonymous No.2204593]

Its crashing

[Anonymous No.2204790]

bump

[Anonymous No.2204820]

>>2204582
Space tickets are sold out unless BTC implodes. ETH is the safest bet for long-term multiplication, but even then, only for a year or two.

[Anonymous No.2204840]

>>2204820
>unless BTC implodes
What do you mean? It already is kind of imploding.

[Anonymous No.2204892]

>>2204840
This is a market correction after a week long pump, not an implosion. Have you been in crypto for more than a week?

When I say implosion, I mean BTC becoming worthless due to a flaw with the Bitcoin network or a hard fork due to politics.

If someone starts moving around Satoshi's coins, we've already lost too.

[Anonymous No.2204991]

>retracement didn't even hit 30% Gino
>GOYS ITS DUMPING GET OUT WHILE YOU CAN

I'd be tempted to say it's a bear trap

[Anonymous No.2205002]

>>2204991
*Fibo

[Anonymous No.2205006]

>>2204892

>If someone starts moving around Satoshi's coins, we've already lost too.

Anon you have peaked my interest. Can you give me a basic gestalt?

[Anonymous No.2205021]

>>2205006
rly? googel satoshi nakomoto

[Anonymous No.2205035]

>>2205006
the original miner of bitcoin has like 1 milli BTC in his one wallet

if all those 0.00001$ BTC flood the market at once, shit hits the fans

[Anonymous No.2205066]

>>2204991
>Gino

Listen to this man. The market is tits.

[Anonymous No.2205082]

>>2205006
It implies the "crypto" in "cryptocoins" is broken.

When Satoshi left the scene, he left a fat bounty of a million BTC to the entity who breaks Bitcoin. To touch those coins would implode BTC immediately obviously, but there's another issue with BTC: These coins are finite. They also die when their wallets become inaccessible.

Quantum attacks against the cryptography behind the network can retrieve these dead coins, crashing the prices and destroying Bitcoin's value as a currency.

Quantum computers aren't a thing right now, but there's a certain entity with a blank check which has been getting really fucking interested in breaking the Internet these past 10 years. It is a field of intense research and will be a reality before the miners achieve consensus on what quantum-resistant algo to use.

Cryptocoins have a 15 year lifespan. Good luck.

[Anonymous No.2205096]

>>2205082
https://en.wikipedia.org/wiki/Post-quantum_cryptography

they're already working on this

[Anonymous No.2205098]

>>2205096
I know, Anon. Good luck convincing the mining cartels in time.

[Anonymous No.2205111]

>>2205098
you're right, in a way.

there will be crypto resistant to this in a few years, but BTC will never upgrade before it gets blind sided by it

so i guess hold BTC now for 5 years, and use the gains to buy quantum resistant?

[Anonymous No.2205116]

>>2205111
You've got it, champ.

[Anonymous No.2205120]

>>2205082
This fear right here is why I never bought into crypto currency to begin with

Although I do wish I kept a few of the 20 or so I had when /b/ was trading them as a meme back in the day

[Anonymous No.2205146]

>>2205116
Anything like that out now?

[Anonymous No.2205166]

>>2205146
No. Quantum computing is in its infancy. Go read up on Shor's Algorithm and the Post-quantum Cryptography page that >>2205096 linked.

[Anonymous No.2205201]

>>2205035
If I was Satoshi I think I'd just move the coins to a different wallet without selling any just to fuck with people.

[Anonymous No.2205230]

>>2205201
those coins haven't moved in years

once a single coin comes out of there, people will know and the game is up

that's when the REAL panic selling will happen