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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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27242056 No.27242056 [Reply] [Original]

>> No.27242195

its only done a 2x from ATH, its far from over. only late adopters thought this would be going straight up.

>> No.27242294

>>27242056
They're squeezing out a last high for laughs, three guys got together and changed their bio. It'll change back and we'll be left with the bags.

>> No.27242402

>>27242195
>it only went up 250 billion in mcap lol it can still go up many more trillions :)

>> No.27242510

starting to think /biz/ is retarded.
what just happened with the stock market?
we have witnessed collusion, manipulation, corruption from brokers and shadiness behind the scenes.
bitcoin is an escape hatch from fiat.
fiat is done.
silver is also an escape from fiat, both valid escapes.
wake up.

>> No.27242582

>>27242510
bitcoin keeps the rich pedophiles rich
you are priced out at even jacks level

>> No.27242644

>>27242582
enjoy holding your hyperinflated USD

>> No.27242661

>>27242402
crypto will probably cap at 25-50T todays money total, but a 2x only on this bull cycle is much less likely than not

>> No.27242671

>>27242056
To be fair, Mr Beast and Jack have been talking about crypto for years

>> No.27242684

>>27242402
correct

>> No.27242707

>bitcoin to 300k xD

>> No.27242714

>>27242510
Basically this.

>> No.27242735

>>27242056
He will get ripped off from all his businesses and made to become transgender.

>> No.27242751

>>27242644
i’m holding silver and gold like any respectable white man with a high IQ

>> No.27242760

>>27242056
retards this is the beginning of the glorious bull run
the biden stimulus pump hasn't even been primed
you're going to hvae every single nigger put $1k into BTC
We're unironically hitting $100k

>> No.27242802

>>27242510
Tfw fiat bank account is 0.03

>> No.27242813

>>27242056
This nigger should get the rope

>> No.27242875

>>27242510
DeFi is unironically going to kill big banks
This is the world wide web in 1994 and you idiots are doomdsdaying
There will be some rekt people but we're going to make the kind of fortunes we can't even imagine
I'm going ALL IN and I can bet I'm going to come out of this worth $50M

>> No.27242940

>>27242875
I'm not trying to be a doomsdayer, I agree DeFi is going to fucking explode in value.
I'm saying USD is a sinking ship

>> No.27243022

>>27242056
God I'm so fucking close to being able to have one whole btc.

>> No.27243211

/biz/ needs to understand BTC is hitting 100k eoy. The GME event only solidifies this.

>> No.27243217

>>27242875
If we're truly witnessing the DeFi revolution, why BTC intead of GRT, LINK/ETH?

>> No.27243343

>>27243217
Almost 20 years of blockchain that no one else can replicate. Every 10 mins BTC gets stronger and harder to overtake

>> No.27243477

>>27243343
>Every 10 mins BTC gets stronger and harder to overtake
Absolutely false but ok

>> No.27243620

>>27243477
>Absolutely false but ok
anything to back that up?

>> No.27243676

>>27243477
theres only 1 bitcoin, there's over 8000 altcoins, each one created in a world where bitcoin exist, and every alt created in the future.

bitcoin is scarce, altcoins are constantly being produced, they can't be money, or the crypto experiment by definition has failed.

>> No.27243808

>>27242510
True but crypto has limited use. Stocks are valuations of actual companies that make shitloads of money. True valuation in crypto is ability to store and transport wealth, and utilize bandwidth. Although these are use cases with value, stock markets will always be much more valuable. DeFi is so hot right now and it's great technology but it only works in the crypto sphere. So the defi market is only as valuable as speculators determine crypto/btc to be. If there was a way to trade NYSE/NasDaq stocks on a crypto defi platform then that would be the just valuable thing in the space and mcap of crypto would be multi trillion easily. But we all know regulators would never let that happen even if the tech for it existed.

>> No.27243845

>>27242056
Depends on one thing, if the people who control the BTC market are done for good. If this was their swan song cash out then yeah, we are clearly at mass euphoria. However when the richest man in the world has BTC as his bio, and you still plan on keeping the BTC game of musical chairs going on for a few more years, a crash now would ruin all good optics. Just as BTC seems to be gaining financial credibility an enormous crash would look embarassing, so at the least they'd make it crab for now and play around with alts

>> No.27243893
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27243893

>>27242056
absolutely

>> No.27243963

>>27242402
exactly, at least 5T total crypto market cap within this cycle

>> No.27243966

>>27243808
So basically I'm saying we are in a 2017-2018 btc speculative pump, subsequent altcoin szn, then dump. Both BTC and altcoins will re emerge after the dump stronger than they were before the pump, but most of this is speculation. More true value in the crypto space is being realized but it still has its severe limitations.

>> No.27243968

>>27242510
grayscale are the same jews we're supposed to be fighting against in the stock market, anon

>> No.27243969

>>27243845
There are no whales large enough in BTC to do this in our lifetime. Altcoins on the other hand....

>> No.27244488
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27244488

>>27242056
At any moment (they) can lobby the government to shut down cypto, and all your money will be gone.
There is a reason Wall Street backed and funded Joe Biden, just saying.

>> No.27244500

>>27243969
this is the problem with altcoins, most of which are premined. all it takes is a handful of people to decimate them, and most of those people are the people that created them in the first place. even ethereum's coin distribution is somewhat close to allow something like this happening, luckily for ethereum though it's actually got a purpose for now.

>> No.27244577

>>27244488
On the contrary, at any moment the government and big players can shut your stock exchanges and bank accounts down. The GME fiasco has shown this. Crypto is the safe heaven. FYI a country saying 'we're banning crypto' doesn't magically make crypto go away. Faggot.

>> No.27244721

>>27243217
This is literally year 3 of DeFi
DeFi wasn't even a thing for the last bull run

>> No.27244856

Something is not right, i do not feel so good.

>> No.27244944

>>27244488
>load ze India FUD

Also checked.

>> No.27245045

>>27242402
>Measuring this in straight figures and not using ratios based on past information
ngmi

>> No.27245074

>>27244721
what's the best defi coins to hold going forward?

>> No.27245134

>>27245074
none of them, real defi won't be centralised erc20 tokens on eth, it'll be new coins on independent chains

>> No.27245274

>>27244488
> and all your money will be gone.

you just howed you have 0 understanding of this industry

>> No.27245407

>>27242056
There are 15,393 longs vs. 2,457 shorts. https://datamish.com/

Everybody think's it will go up, that makes people go long.

Too many long positions are bad for 2 reasons: They are basically trying to profit early, before the rise, from the rise. But when it doesn't rise because too many people are going long (too many long means to many sells) - the price drops - this results in even more liquidations, causing a cascade of even more longs to liquidate, dropping the price like hell and doing the exact opposite of what everybody was thinking.

So, bitcoin will have a sharp drop to kill the long positions, then rise, then people will short that rise, shorts getting liquidated, resulting in an even higher price.

>> No.27245492

>>27245134
nothing competes with ethereum today though, or comes close if you want it to be decentralized. unless ethereum fucks itself with second layers making an opening for bitcoin, any competitor is coming in really late

>> No.27246306

Should I buy crypto now or after monday

>> No.27246845

>>27243808
think you got this backwards
stocks have limited use, you can't do anything with them except buy, sell, passively receive dividends, maybe vote in some cases
eth lets you transfer value, tokenize ownership of anything from an art piece to a piece of land, create decentralized autonomous organizations, payroll contracts, have savings accounts, pay for goods and services in real life. most of these use cases require little to no customer information. all of these use cases are the tip of the iceberg, and they're already so radical it will take normals a decade to catch up
we're still in short-sighted thinking because we're short-sighted creatures as a whole, hence the defi boom despite being a relatively uninteresting application of crypto. likewise we're starting to see synthetic stocks on eth. given that you don't really own a stock in real life either (custodian risk with brokers), is there truly a difference? right now the systems and guarantees aren't robust, give it a couple years and they should be. much like with decentralized exchanges, first there will be centralized points of failure that can be sued (etherdelta), then someone will find the magic bullet (uniswap)

>> No.27247031

>>27242510
yup this is my thought too-- the elites literally used their last stand and just basically agreed to expose the system being manipulated. since its in large a system built upon trust, and has been shown to not have any. where are people going to turn? oh yeah, a trust-less system

>> No.27247055

>>27242510
bro for those that understand, it has become a game of collecting crypto, gold and silver. all the rest is a huge scam. in the past I thought about cashing out a lot. recently it has stopped making sense. cash becomes worth less every single day and then you also have taxes if you take profit into fiat. its completely useless to ever "cash out" more then you need for the purschase you are about to make. cashing out has become a meme. only idiots do it.

>> No.27247117

>>27242402
this but unironically