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/biz/ - Business & Finance

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24445791 No.24445791 [Reply] [Original]

>> No.24445820

>>24445791
zero or a fat short

>> No.24445886

>>24445791
32eth

>> No.24445895

>>24445791
Like 10 at least

>> No.24445909

>>24445791
Bit con's supply is too low = equals volatile price movements

Its not a stable store of value... only if the majority of them decide to stay in it, that's not decentralized and a huge risk.

Ask any professional investor, that's not a safe thing to bet on

>> No.24445923

>>24445909
The supply is not low dude, the decimal place is arbitrary

>> No.24445943

>>24445909
Such a reddit faggot thing to say

>> No.24445944

>>24445923
I'm talking in terms of volatility

ie. going from 19k back down to 3k

>> No.24446007

>>24445791
6

>> No.24446012

>>24445909
What is considered a professional investor?

>> No.24446017

>>24445909
the decentralization happens when the whale who owns a bunch of btc sells and tonns of people buy from him and they make the price higher than the whales price, he will lose his control over the market

>> No.24446025

I’m here to break all fud info about the RBC token. I’ve earned 300% from RBC trading and I’m ready for x15 after the instant trades options launch. So, what is the Rubic?

>fast transactions and low trading fees
>tools for creating and listing your own tokens
>solutions to lock liquidity until trade is closed

> https://rubic.finance/
> @cryptorubic_chat

Choose your own Rubic and start to earn profit!

>> No.24446066

>>24445791
One.

Check em.

>> No.24446071

>>24446017
>open a massive short
>sell a significant but not massive amount of btc
> trigger degenerate gamblers stop losses and make a huge red dildo
> rebuy it lower with your short profit

>> No.24446092

if you could elaborate instead of just typing a random number

>> No.24446126

5 BTC will buy you a small apartment for yourself next year.

>> No.24446130
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24446130

>>24445909
>supply is too low

>> No.24446132

Bitcoin Won’t Make You Happy
Just a reminder that similar to any form of money, Bitcoin can’t buy happiness. Instead of spending all of your time refreshing charts, reading Reddit posts, scrolling through crypto Twitter, or going down YouTube rabbit holes spend more of your time on things that will truly make you happy. Relationships, accumulating wisdom, learning new skills, creating art, improving your health, meditation, and new life experiences.

Also, HODL.

>> No.24446143

>>24445909
>Its not a stable store of value
Surely that's a good thing? If I wanted a safe investment I'd just buy index trackers. I want 100x to 1000x over the next decade

>> No.24446144

>>24446071
lets just say that the whale is also gambling, but timing is key, he cant just do anything in a bull market, he gets eaten alive by the bulls

>> No.24446181

>>24446066
Checked

>> No.24446182

>>24446071
but yeah i get it, he can short while dumping some

>> No.24446246

>>24446144
obviously this is simplified by a lot, it takes a competent team of people to pull that off, but this is exactly what these flash crashes an hour ago were, and yes I agree if plebs are in the market then its almost impossible because it gets absorbed
I think they know their last timing for doing that is pre 20k, at 20k all hell breaks lose in max few weeks once plebs get their money in order

>> No.24446298

>>24446066
based

>> No.24446343

>>24446066
Checked.
If this post gets trips we are all gonna make it

>> No.24446372

>>24446246
to be honest I dont even mind that they milking the retards and bots but 20k is in order, lets fucking go, they can later do whale stuff, at 20k range 2-3k is nothing, whales would have a blast lmao

>> No.24446406

>>24446143
The problem is, as easy as it is volatile to go up.
The converse side is also true.

Store of value shouldn't be - one time you have 500k value and short while later you have 10k value.

>> No.24446420

at least 100. It will go to $3k in 2021, so you do the math.

>> No.24446442

>>24446406
That's how you make money surely though, with the timing, which is obviously easier said than done but volatility presents opportunities that don't exist if it remains stable. You need ups and downs.

>> No.24446444

about 4000 BTC
make it = $4MM

>> No.24446487

>>24446132
actually based????????????????????? not allowed around these parts sorry get out.

dont fully agree tho. nobody ever achieved or did something great because they were happy or comfy or content. chasing that and that alone is degen. u need a purpose in life. if u dont aspire to do something great wtf even is ur life. depending who you ask amassing wealth might or might not be a great achievement. Either way making like $15k on some crypto investment U've spent 5 years in is definitely not "great". so in that regard u r right.

>> No.24446493

>>24446442
But then, it doesn't really fit the "store of value" narrative.

Store of value, implies it retains some stability in value.

Otherwise how are you storing value, if you lost value... it makes no sense.

>> No.24446578

Bitcoin and other compute-intensive cryptocurrencies should be banned or taxed so heavily that it's financially infeasible to use them.
The amount of energy being wasted (reportedly more than seven nuclear power plants worth) on what is essentially an unproductive project is quite absurd.
In a world where we should all be increasingly concerned about the looming climate catastrophe, it's wholly irresponsible for Bitcoin to exist other than as an academic curiosity.
Also I reckon if recreational drugs were legalised, there would be no real reason to use Bitcoin at all. I mean what would be left except for just buying into the pyramid scheme, and ransomware payments?

>> No.24446615

>>24446132
>>24446487
Money is not for happiness, its authority.

>> No.24446658

>>24446615
Maybe both, im just bumping this thread at this point

>> No.24446682

>>24446578
I basically agree with this and it's why I never bought into btc 5+ years ago and have been kicking myself ever since. It still feels like a ponzi scheme to me, but that's no signs of it falling apart any time soon.

>> No.24446721

>>24446578
>>24446682
just fucking buy god damn it, you are still ahead of the plebs

>> No.24446758

>>24445791
1

>> No.24446769

>>24446578
this 100%. as soon as I realised the only pragmatic use for bitcoin is buying drugs off the internet I immediately realised how fucking overvalued this shit is. It is only a matter of time before it becomes regulated in some way.

>> No.24446862

>>24446493
by that logic no asset is a store of value

>> No.24447006

>>24446862
Assets that can be very volatile are not a good store of value.

You're right, in a general sense.. but let's face it, assets that are less volatile offer a somewhat better/more stable store of value.

If your value is constantly changing, what good is that? Sure, great if its up but not if soon its down..

>> No.24447088

>>24446578
nice copypasta kek

>> No.24447130

>>24446578
What is inflation.
What is modern monetary policy.

You're about to get a crash course on these subjects this coming decade cuck.

>> No.24447240

>>24445909
Why do I take bait like this?

>> No.24447431

i own 15.
Make so little money, hard to buy more at these prices