/biz/ - Business & Finance

[Anonymous No.24289176]

3 days ago I paid $17 for a bitcoin transaction that took 18 hours for 1 confirmation. Normies love garbage tech apparently

[Anonymous No.24289528]

>>24289176
This.
I got into bitcoin at 20$ and got out at 900$. No fucking regrets. There has been literally 0 development of any kind in over a decade. It's absolutely pathetic

[Anonymous No.24290080]

>>24289176
check out XSN

[Anonymous No.24290578]

bitcoin is the worst technology I have used. It's slow, it's expensive, it consumes a lot of energy and it's useless

[Anonymous No.24290618]

>>24290080
Yep. Layer 2 is coming.

[Anonymous No.24290619]

>>24289176
Fuse is the future anon. Don't fight it.

[Anonymous No.24290639]

>>24289528
no regrets huh

[Anonymous No.24290786]

>>24290639
Do you literally think crypto is the only thing that has had gains since 2013?
1 of the exchanges I used before even shut down and took the money so I avoided a landmine there.

[Anonymous No.24290838]

>>24290786
So what were you invested in that went 20x since 2013

[Anonymous No.24291029]

>>24290838
literally every normalfag tech stock (tesla/amazon/nvidia/facebook) with standard 2x leverage is up more than 20x since 2013 retard.
My main income is passive from buying and renting out apartments though, much less hassle and you can actually enjoy your money instead of stressing out about it.

[Anonymous No.24291099]

>>24291029
How about you pull some actual figures up rather than talking out of your ass?

[Anonymous No.24291286]

>>24291099
http://letmegooglethat.com/?q=tesla+stock
http://letmegooglethat.com/?q=amazon+stock
http://letmegooglethat.com/?q=nvidia+stock
http://letmegooglethat.com/?q=facebook+stock

My net profit/month from the 2 apartments I rent out 900$/month +250,000 value increase. I spend less than 1h/week on that, you can earn way more by AirBNB but then you need to work a lot more too. If the stock market shits itself from corona again I will take out the gained value from the apartments and put in another 150,000. Otherwise buying the 3rd apartment next summer.

Anything else?

[Anonymous No.24291320]

>>24291099
Checked & rekt

[Anonymous No.24292127]

>>24291029
>with standard 2x leverage
Lmfao cope.
BTC with standard 2x leverage is up 40x

[Anonymous No.24292178]

>>24289528
Big Brain move, whats your account on /r/buttcoin?

[Anonymous No.24292233]

>>24292127
1. If you were buying BTC at 2x leverage in 2013 your position would have been force closed in 2014/15 for 90% loss.
2. Even if you avoided force close it's still less than many normalfag stocks.

[Anonymous No.24292260]

3 дня нaзaд я зaплaтил 17 дoллapoв зa биткoйн-тpaнзaкцию, для кoтopoй пoтpeбoвaлocь 18 чacoв нa oднo пoдтвepждeниe. Hopмы явнo любят мycopнyю тeхникy

[Anonymous No.24292289]

>>24292260
нopмы любят жpaть гoвнo

[Anonymous No.24292693]

>>24292127
>>24292233
3. In addition, if you had your BTC on an exchange since 2013 (in order to have leveraged positions) there's like a 50% chance you would have lost absolutely everything due to exchanges being closed for one reason or another. This does not happen in a real market

[Anonymous No.24292745]

>>24289176

BTC was invented by the central banks for three reasons, first, to split the anti-fiat community, and cause dissension in our ranks; secondly, to divert capital away from precious metals; thirdly, to prepare the world for CBDCs. It ought to have gone to zero after 2017, but it has been pumped and re-inflated by tether and other stablecoins, just as the stock market has been pumped and re-inflated by Q. E. My reasons for thinking as I do:

1) Tether is widely believed to be responsible for the 2017 crypto pump (its own founder admitted this suspicion to Jordan Belfort https://www.youtube.com/watch?v=Xzpqxqbq0Jg).).

2) Tether now has 10x the mcap that it did during the March crash, when BTC crashed to $4000, and also has a 40 billion per annum printing-rate. The only time when tether was ever audited was 2018, and yet even then it was found to be backed only by “75% cash and cash equivalents.” The truth is, tether is probably “backed” by the very BTC which it is printed out of thin air to buy.

3) BTC volume is only 5% of what it was in 2017, and Google searches for Bitcoin are in the gutter. This shows that retail interest is low, and almost all BTC is going into tether's hands (as DesoGames explains here https://www.youtube.com/watch?v=qzDjJ-SrojY).).

4) BTC is completely worthless as a currency. https://blog.plan99.net/the-resolution-of-the-bitcoin-experiment-dabb30201f7?gi=a80dff4c0636 In 2017, you had $100 fees and 3-day transaction times when sending BTC. Even if the Lightning Network were implemented, only 0.1% of the world population could use BTC.

5) The only way to use BTC as a currency is to go through Blockstream's second-layer solutions (like the LN), which track and trace everything you do. BTC also tracks you forever on a pseudonymous ledger, hence why the BTC Twitter hackers were caught within days of cashing out. Physical gold and silver coins are therefore superior for privacy to BTC.

[Anonymous No.24292767]

>>24292745

6) Solutions like BCH are not the answer, since, the larger the block-size, the greater the degree of centralization. To the point where you might as well simply keep your gold in a vault and use a gold-backed crypto instead, because that is no more centralized than what you will inevitably have with something like BCH or BSV. Kinesis (allocated gold on the Blockchain) does everything which BCH claims to do (banking the unbanked, 24/7 transactions, making microtransactions, etc.). https://www.youtube.com/watch?v=5Q9aYYluRA0

7) Satoshi is really Adam Back, the head of Blockstream. https://www.youtube.com/watch?v=XfcvX0P1b5g Blockstream is controlled by the banks and the Bilderberg Group.

8) Bullion banks are bidding up the price of Bitcoin on the futures exchanges at the same time as they are suppressing the price of gold, as Rob Kientz shows. (https://youtu.be/Bq9SblPW-6w))

9) Promotion of BTC in the mainstream media is unrelenting, showing that they completely back it. The MSM, of course, is controlled by the bankers.

(2/3)

[Anonymous No.24292784]

>>24292767

10) Russia, China, and the other eastern countries have been accumulating gold to issue gold-backed currencies after the reset, not crypto. They already have enough gold reserves to do this. The eastern countries are where the real production is, so, if they don't take BTC, BTC is good for nothing.

11) Gold-backed currencies in the modern banking system would work with perfect efficiency, whereas no crypto can function as a currency for more than a minuscule fraction of the world population.

12) Money must represent savings, i. e. what is useful for production and industry; otherwise, no country has any reason to take it as an equivalent exchange for their goods and commodities. But crypto stores no intrinsic value. After the reset, then, BTC will go to zero when priced in gold (as Alasdair Macleod says).

13) Crypto has enormous intrinsic disadvantages when compared to gold. If you have gold in a vault, you are protected from the following: Being tortured out of your life-savings within ten minutes; losing them to memory-loss; dementia; a thoughtless mistake when making transactions; a key-logger or other hack; burglary (extremely rare with respect to private vaults); a fire; a hardware failure. BTC also, as I have said, lacks the privacy of gold and silver coins, and is fundamentally unusable as a currency. Whereas digital gold on the Blockchain (Kinesis) or gold-backed currencies in the banking system are perfect as currencies.

(3/3)

[Anonymous No.24292829]

>>24292784
>>24292767
>>24292745

so you're saying ABC
always buy chainlink?

[Anonymous No.24292928]

>>24292784
Based and geniuspilled

[Anonymous No.24293877]

>>24291286
I really wish I could do this as well but it's not allowed to rent out apartments in my country

[Anonymous No.24293902]

>>24289176
You don't understand. These are trading bitcoins.

[Anonymous No.24293922]

>>24289176
Two words: Segwit and Lighning Network.

[Anonymous No.24294044]

>>24293877
Is airBNB banned too?
Like I said you can make way more money. But then it's an actual part time job instead of just passive income.

>>24293922
lmao you guys still posting about these?

[Anonymous No.24294154]

Fags still holding bitcoin in 2020 when elrond has been launched in August
https://elrond.com/

[Anonymous No.24294543]

>>24294154

yes, I heard the CEO of elrond, beniamin mincu is the real satoshi

[Anonymous No.24294618]

>>24293922
Hahahaha retard

[Anonymous No.24295465]

retards

[Anonymous No.24295598]

>>24289176

I transfered all my bitcoin to binance because i wanted to tether up with a stop loss, but my Ledger said I only had to pain $1.5 in fee's, its been 12 hours guys, much more will I have to wait?

[Anonymous No.24295615]

>>24289176
>meanwhile SEPA transfers around Europe are settled on the same day and local bank transfers are settled instantly

Crypto is a fucking meme and ahs literally zero use cases.

[Anonymous No.24295831]

>>24292693
that's your own fault for being a retard and keeping your crypto on exchanges

[Anonymous No.24295926]

>>24295831
>american reading comprehension

[Anonymous No.24296928]

>>24290578
My experience with Bitcoin is very coarse. Confirmation times are rough, which is very irritating.

[Anonymous No.24297171]

>>24289176
you're fucking retarded lmao
I never paid more than 50 cents since I'm not a spastic

[Anonymous No.24297196]

>>24289528
>No fucking regrets
HAHAHAHAHAHAHHAHAHAHAHHA REDDIT LMAOOOOOOOOOOOOOOOOO

[Anonymous No.24297270]

>>24297196
see my other posts