/biz/ - Business & Finance

[Anonymous No.25446937]

Really? Bitcoin?
That's what institutions are buying? Why the fuck?

There are plenty of better coins built to last. This shit coin is built on ancient unsustainable tech.

[Anonymous No.25446957]

Because institutions are fucking inept and out of touch. If you couldnt already tell.

[Anonymous No.25446962]

>>25446937

[Anonymous No.25446969]

>>25446937
Network effects.
BTC is the chosen one for good or for bad.

[Anonymous No.25446991]

>>25446937
BTC is king and there's nothing unsustainable about it. It is antifragile by design.

[Anonymous No.25447013]

>>25446962
is this true?

[Anonymous No.25447015]

>better *coins* built to last
>competition includes ltc, bch, and dogecoin
what did he mean by this?

[Anonymous No.25447026]

>>25446937
>There are plenty of better coins built to last. This shit coin is built on ancient unsustainable tech.
Imagine being this technologically illiterate in 2021. Apply yourself or you're ngmi. Here's a hint: Faster blocks =/= better tech.

[Anonymous No.25447027]

>>25446962
I didnt get my 21 FUCK REEEEEE

[Anonymous No.25447049]

>>25446937
Why would someone buy some alt coin to hedge against inflation?

[Anonymous No.25447099]

>>25446962
This is the scariest thing I have ever read.

[Anonymous No.25447108]

>>25446937
I finally did buy one of those trinket coins. Wanted to have some memento to remind me of the past few years and several coming.
>>25447027
I really think this is the last time we're going to explode like usual. Maybe a second time after this. But it's almost fucking over. Writing is on the wall with all this big boy money coming in. Volatility is gonna normalize. And that's great if you're the general investor but making it is not a thing that will even be possible with btc by 2030. Everyone who was going to make it this way will have made it and no one else.

[Anonymous No.25447119]

>>25447013
Look at the price in the past six months and you tell me. Bitcoin has fucking exploded from insitutional investors AND THEY HAVE JUST STARTED BUYING.

[Anonymous No.25447137]

>>25447015
Coins, tokens, whatever.
Monero has the tech.

[Anonymous No.25447174]

>>25447049
Because they are as scarce.

[Anonymous No.25447208]

>>25446937
idiots love buying bad tech. dont question it and just ride the wave

[Anonymous No.25447244]

>>25447137
>Coins, tokens, whatever
:0

[Anonymous No.25447254]

>>25446937
anon go and listen to the podcast episode 'Bitcoin & Michael Saylor.' He explains the wallstreet mindset of inflation and btc pretty well

[Anonymous No.25447924]

>>25447013
Yes. Watch some news?

[Anonymous No.25447987]

>>25447244
You specified coins. I meant anything including tokens.

[Anonymous No.25448181]

>>25447026
Then what makes Bitcoin stand out?

[Anonymous No.25448225]

>>25447013
why do you think it's named "pill.png"?
because it's actually a bluepill, but right now you let the euphoria believe it's a redpill

[Anonymous No.25448259]

>>25446962
Nice

[Anonymous No.25448399]

>>25447254
Which one? And who the fuck is this guy Michael Saylor? Why should I trust him?

[Anonymous No.25448405]

>>25447013
The news is already changing the narrative to "Millennials gold rush, Gold 2.0". People who were extremely skeptical are fomoing. This is it buddy.

Millennials finally got something.

[Anonymous No.25448507]

>>25448399
Michael Saylor is the CEO of Microstrategy.

[Anonymous No.25448529]

>>25448507
Yes, but why should I trust him?
The Zuck could be shilling his shit coin. Doesn't mean it will x50.

[Anonymous No.25448589]

>>25448529
Michael Saylor has an insane track record. He saw the importance of data mining in the EARLY 90s. He's ahead of the curve and he knows how to make wealth.

[Anonymous No.25448615]

>>25446937
niggers like you never mak eit

[Anonymous No.25448634]

>>25446937
>Really? Bitcoin?

[Anonymous No.25448641]

>>25448529
Why don’t you just listen to what he has to say and evaluate it based on it’s merits? The fuck are you worried about trusting someone for

[Anonymous No.25448686]

>>25448529
That's right anon. They would never allow you to discover the truth.

Everything is fake.

[Anonymous No.25448943]

>>25448615
>>25448634
I mean, I am not arguing against it, but just complaining.
Bitcoin will never replace fiat. A store of value at best.

We'll need a better crypto to really take over day-to-day transactions, and that crypto could already be here, just not discovered yet.

[Anonymous No.25449155]

>>25448943
>We'll need a better crypto to really take over day-to-day transactions, and that crypto could already be here, just not discovered yet.

Why?

[Anonymous No.25449192]

>>25448943
you sound like an idiot

[Anonymous No.25449196]

>>25448943
It's so blatantly obvious that you got into the cryptocurrency space this year and that you're sub 25 years old.

Yes, you missed Bitcoin. Yes, it sucks. No, some random shitcoin you bought won't make you rich.

[Anonymous No.25449620]

>>25449155
Block sizes. Right now, less than 1% of the world is into crypto, and we're already dealing with some slow transactions.

It can get too technical, but Bitcoin is a store of value more than a daily driver. The node size increase will end up with data centers holding these nodes and a bandwidth limit.

[Anonymous No.25449643]

>>25449196
this, not necessarily under 25 but absolute newfag.

[Anonymous No.25449645]

>>25449192
>Block size limit to 1mb
>Node size exponentially increasing
>Somehow, that will be used as a daily driver when more than 1% of the world uses Bitcoin.

[Anonymous No.25449677]

>>25449196
Beyond this year, I exclusively used crypto for darkweb stuff.
But there are major concerns with BTC.

[Anonymous No.25449727]

soon you'll need to buy food on the darkweb

[Anonymous No.25449746]

>>25448181
stability. security.

That's what alt coiners don't get. Rapidly iterating agile software development is for tech companies, not a store of value. People don't want the hottest newest thing, they want something they know is secure, safe and won't CHANGE over generations.

[Anonymous No.25449775]

>>25446937
They have trillions of dollars to spend from the “pandemic” bill and stocks are already fucked up.
This way they can crash both of them at the same time and boomer rocks will reign supreme once more.

[Anonymous No.25449777]

>>25448181
It's the first
that's it retard you're thinking too much. normies put half the brain power you have

[Anonymous No.25449786]

>>25446962
It’s conceivable, It’s difficult to buy 100m worth at a time where others are fomoing into it and the funds that don’t offer bitcoin can get left behind, you see a cnbc or Bloomberg video mentioning bitcoin and it gets 100k views, mentioning stocks it gets 5k or gold a few k. Even blackrock acknowledged this fact, in their own words bitcoin has caught the imagination of the investor and they’re taking it more serious now . People say Muh institutions don’t buy tops, well if their clients want btc they must buy and it’s not as though it’s their money, it’s just business lads

[Anonymous No.25449789]

>>25449620
Literally irrelevant. Block size can be increased if necessary.

[Anonymous No.25449843]

>>25449775
If this actually happens, I'd lmao for years over it.

[Anonymous No.25449877]

>>25449777
Checked.
I guess trips confirm.

My concern is the limitations of bitcoin will bite normies in the ass at some point. They'll look for another crypto, and that is what I am looking for, though yeah, for easy bucks in the short term, bitcoin is king. I agree.

[Anonymous No.25449891]

>>25449877
avax

[Anonymous No.25449948]

>>25446962
https://assetdash.com/
We're only 30 billion away from Tesla

What the fuck will happen when Bitcoin overtakes Tesla? Tesla got lots of attention for being "better investment than Bitcoin" last year

[Anonymous No.25449969]

>>25449877
no it wont because nobody uses nor plans to use crypto as a real currency
>but Anons here always talk
each is either a moron or a liar.
the only thing giving bitcoin any worth are the halvenings and the fact that people believe it has finite amount.
If you want to compare bitcoin to something, compare it to those old baseball cards

[Anonymous No.25450005]

>>25449877
RSR

[Anonymous No.25450033]

>>25449948
it does look like BTC will reach 1 trill faster than Tesla

[Anonymous No.25450086]

>>25449789
Even that has some issues.
>https://en.bitcoin.it/wiki/Block_size_limit_controversy

[Anonymous No.25450094]

>>25449969
bitcoin will always be in demand for getting around govts, for sanctions, remitances, protests, drugs, etc. now it will always be in more demand because people realize they dont want their hard earned savings getting diluted

[Anonymous No.25450110]

>>25449891
Been looking into it. Could do what ChainLink wants to.

[Anonymous No.25450166]

>>25449969
>no it wont because nobody uses nor plans to use crypto as a real currency
If we're thinking 5-10 years, then there could be some small scale adoption at least.

>If you want to compare bitcoin to something, compare it to those old baseball cards
Been actually thinking about this just now.
The only reason new coins jump up and fall in value because people are stampeding to buy it because they think it will increase in value like baseball, pokemon, and other shit collectible toys scams from the 80s and 90s that are worthless now.

[Anonymous No.25450200]

>>25450005
Don't just toss coins at me. Convince me why.

[Anonymous No.25450239]

>>25448641
Ha can't, low attention span and intelligence. This is why dumb fucks fall for altcoins and think bitcoin maximalists are a toxic cult. They literally cannot listen to an argument and evaluate it based on logic.

It's truly incredible how stupid the average biztard is. Or the average normie. Bitcoin is like an actual test of intelligence and if you don't have at least a whole coin in cold storage after 12 years, you've exposed yourself as a retard.

[Anonymous No.25450269]

>>25449722
No its just money shuffling

[Anonymous No.25450644]

>>25449677
>dark web
>btc
lmao let me know when you get vanned

[Anonymous No.25450770]

>>25450644
I know what I am doing, anon.
Tail OS, my own PGP, and all.

Feds target producers and sellers. They won't go after a million customers.
And it has been over 5 years, so state lost power to charge me either if they can even prove it.
Practically every dealer I knew at college got his stuff from the darkweb. Someone even got a pound of weed, and he's fine.

But those were degen consoomer days. I'm over it.
I just want to make it now.

[Anonymous No.25450789]

>>25450644
I even got my BTC from decentralized exchanges that can delete and generate wallets as necessary.

[Anonymous No.25450811]

>>25450269
Does money shuffling actually increase the price of BTC in any noteworthy amount?

[Anonymous No.25451067]

>>25449727
What kind of apocalypse do you think is gonna happen?
A commie revolution and famine?

[Anonymous No.25451091]

Don't forget, institutions were the ultimate bagholders in the dot com bubble, the housing bubble, and Madoff's scheme.

[Anonymous No.25451131]

>>25447015
He means xrp just doesnt want a fud thread.

[Anonymous No.25451169]

>>25451091
And the solution is always printing more money

[Anonymous No.25451217]

>>25447013
Look how little Btc is left for sale on Finex, it’s the same across most exchanges.

[Anonymous No.25451267]

>>25446957
negative. They know exactly what they are doing. Who the fuck do you think conned the US govt to form a central bank? The same banking institutions you call inept and out of touch.

[Anonymous No.25451314]

>>25448943
you're playing an old record

[Anonymous No.25451451]

>>25451217
What am I looking at? Where does it say they're almost out?

>>25451314
Doesn't mean it's wrong.

[Anonymous No.25451452]

>>25451217
i may be reading this wrong, but you also got a few massive buy orders just sitting in wait. those have to be investor buys.

[Anonymous No.25451480]

>>25451451
looking at the background graphs, im guessing more green means more buyers than sellers.
>>25451452
fuck, forgot pic

[Anonymous No.25451581]

No one is going to pump your shitbags that eventually goes ZERO mate. Keep hodling crappy clones and crap coins

[Anonymous No.25451612]

>>25451480
Yeah, looks like it.
x3 more at the 20K range than 30K
Tells me that most people price it at that range than 30K, but there is still plenty of buyers.
I could also be reading it wrong.

[Anonymous No.25451905]

>>25451581
I am not even holding any alts besides Litecoin.

[Anonymous No.25452221]

>>25446937
Weird how all these institutions jumped in at about the same time, and made a big public spectacle of it too. Usually they keep sort of quiet about investments unless there's a reason they want everyone in the world to know about it. Weird how Paypal all of a sudden got btc friendly for no real reason too.

I'm sure it's organic and all just a big coincidence though.

[Anonymous No.25452387]

>>25447013
It would be really big, if true.
>According to Python "True" is always "True"
>Therefore it must be big.

[Anonymous No.25452458]

>>25446937
>Why the fuck?
It's the ultimate manipulatable asset, and institutions are taking full advantage of this at the expense of permabulls and permabears alike. While you're all busy incoherently screeching at each other over whether it's going to $100k or to $0, institutional buyers are getting fat off of manipulating the price without any regulatory consequences. Bogdanoff pump n' dump memes were just memes until about 6 months ago, now they're actually a disturbingly accurate depiction of what's likely going on behind the scenes. The institutions aren't collaborating with each other, but there are only so many entities that hold enough BTC to make it look like a crash has started, causing some retail money to flee for the exits while the whales load up on cheaper positions, then pull a 180 and make it look like everyone is buying the dip which spurs others to do the same and jack the price up even higher than it was previously.

>If you can't see the fool in the deal, then it's you
This is the blackpill. The whole purpose of Bitcoin is just for the elite to siphon money from the pockets of middle class and lower class people. Screencap this.

[Anonymous No.25452716]

>>25452221
>>25452458
Idk, I think they are in it for the long run since the dollar proved this year that it can be easily manipulated by the feds.

[Anonymous No.25452798]

>>25452716
Doesn't explain why the banks are trying so hard to obfuscate their total holdings and why they're employing a ton of wallets, not to mention we're just not seeing inflation kick in yet nor the fact that the banks are well aware that the dollar is manipulatable by the Fed (which is the entire point of the Fed) and are usually part of that manipulation in the form of buying/selling treasuries, but ok

[Anonymous No.25452801]

>>25452716
They have known about fiat problems for decades, this year wasn't some revelation to them.

[Anonymous No.25452838]

>>25452801
Yeah, but we haven't seen massive printing at this scale in decades if not since ever. Even 2008 wasn't this bad.

[Anonymous No.25452840]

>>25446937
Haven't you figured it out yet? It's not about what is the best. It's about what is the biggest and most palatable.

[Anonymous No.25452859]

>>25452458
>$100k
No Slava, it's going to $1,000,000

>link $12

[Anonymous No.25452878]

>>25452798
Reminder 60% of all USD in existence has been created in 2020.

[Anonymous No.25452992]

>>25452878
>M1 went up by 60%, therefore 60% of all currency was created in 2020

Not how it works, if I go to an ATM right now and take out $500 then M1 goes up by $500 despite no additional currency having been printed. M2 and M3 are slightly better depictions of actual money supply for this reason, but the increases are mostly from purchase of securities with existing currency by the government and not printing of additional currency. Pic related and a good video explaining this all:

>https://www.youtube.com/watch?t=821&v=te8LIMfrkyk

[Anonymous No.25453034]

>>25449746
>secure, safe and won't CHANGE over generations

so why BTC lol

[Anonymous No.25453038]

>>25446937
>This shit coin is built on ancient unsustainable tech.
Many of the traditional financial institutions still run on mainframes and COBOL, anon.

[Anonymous No.25453065]

>>25453038
I've heard that COBOL and mainframes are actually efficient in this niche, and other tech is just not as secure as those 2 are forgotten tech.

[Anonymous No.25453368]

>>25452840
I guess.
In that case, shouldn't I just put all my money on whatever is on Robinhood? That's what most normies and institutions are gonna buy anyways.

[Anonymous No.25453606]

>>25446937
You have to start newcomers off with a gateway drug. The smart thing for you to do at this point is load up on the hard stuff before they start asking about it.

[Anonymous No.25453823]

>>25446962
This is true Saylor said he personally hasn’t sold a satoshi.
https://dailyhodl.com/2021/01/01/michael-saylor-says-hes-bought-2500000000-in-bitcoin-through-microstrategy-and-other-entities/

[Anonymous No.25453915]

>>25446937
what institutions are buying bitcoin over the Christmas holidays on a Sunday you fucking idio. it's clearly has nothing to do with institutions.

[Anonymous No.25454025]

>>25446962
this is the kind of crap that made people not sell at $20k 3 years ago. kek

[Anonymous No.25454099]

>>25454025
Apart from overleveraged chinks 2017 pump was pure euphoria of retail traders.

[Anonymous No.25454784]

>>25453034
He just explained how a store of value works you oaf.

[Anonymous No.25454845]

>>25446957
Not really. Contrary to idiots on /biz/, institutions make decisions based on real economic models, not on meme lines or the "gut feeling" that btc is overbought or whatever. That's why they make money and you retards only lose.

[Anonymous No.25454895]

>>25446937
Take my hand or I will see you from the top buddy

[Anonymous No.25455136]

>>25454099
>this bullrun isn't overleveraged chinks siphoning wealth from greedy westerners again before they dump on them while they are sleeping

[Anonymous No.25455494]

>>25453915
If I were an institution I'd transfer money one weekdays to exchanges and buy on weekends, so retail can't inflate the price

[Anonymous No.25455628]

>>25453823
I like Michael Saylor. He has the right mindset. I felt a lot like him when I got into Bitcoin

https://youtu.be/fvhOpG4FK2M

[Anonymous No.25455767]

>>25449969
>no it wont because nobody uses nor plans to use crypto as a real currency

HAHAHAHAHA oh wow

definitely not going to make it.

[Anonymous No.25455853]

>muh institutions
more like CIA glowinthedarks just changing the number everyone thinks of as price in order to induce fomo before assassinating Trump's clone, killing the economy and rolling out the mark of the beast which will be connected to everyone's crypto wallet, global id number and vaccine passport.