/biz/ - Business & Finance

[Anonymous No.28099045]

How hard are nocoiners coping right now?

[Anonymous No.28099427]

>>28099045
They are dilating as we speak

[Anonymous No.28099568]

>>28099045
They deserve to be left behind. They had 10 years.

[Anonymous No.28099628]

>>28099045
I'm predicting we're going to get shilled with a million inorganic tether fud threads very soon, just like during the last parabolic pump

[Anonymous No.28099764]

Can someone explain to me why this fucking currency is so valuable i understand how it works with the ledgers blah blah blah. Honestly its way to fucking late to get into bitcoin anyways

[Anonymous No.28099922]

>>28099764
ngmi

[Anonymous No.28099938]

these faggots dont know how the world works because their upvote system makes them a blind echo chamber, being under the blanket while farting fuck them.

they also dont realize buying BTC under 100k is a good buy retards

[Anonymous No.28099983]

>>28099764
Imagine its 4000 BC and you're one of the first people to realize gold's value

[Anonymous No.28100074]

>>28099045
Lmao imagine how these guys feel who have spent years of their life posting on a reddit forum for guys who hate Bitcoin just watching the price go up

[Anonymous No.28100083]

euphoria

[Anonymous No.28100110]

>>28099764
who fucking knows desu

[Anonymous No.28100157]

>>28099045
>yfw you get EXTRA taxed for holding crypto because of muhh environment.

[Anonymous No.28100277]

>>28099764
Dont be a faggot and zoomout.
Do you think 10 years is a long time compared to human's history ?
This is STILL early.
Sure, you could've been in earlier if you weren't such a retarded faggot (that still doesn't get bitcoin in 2021) but its NOT too late to get in.
t. I was a newfag in 2017 and felt it was too late then already.

[Anonymous No.28100282]

>>28099922
Explain it to me then mr.zyzz when did you get into the crypto game and why?

[Anonymous No.28100385]

>>28099045
>too much retarded money floating around
>HURRR WHY ARE PEOPLE BUYING BTC NOW

Lol the average person is so fucking stupid they answer their own question and are incapable of understanding it.

Just wait to see how much retarded money is floating around after student loan forgiveness, reparation payments, and "stimulus" paying out 10k to shaniqua for each of her 8 kids. You won't be able to get a double cheeseburger from McDonald's for less than $10.

[Anonymous No.28100511]

>>28100277
I mean how much more can it really fucking go up??? Do you really think this thing is going to break into the 6 figures. I know you can buy fractions of bitcoin but what in the living fuck. I understand that crypto is the future but what the fuck man, how do other cryptocurrencies even compete with bitcoin??? What would even be the purpose of investing in etherium and not some fucking meme coin like dogecoin

[Anonymous No.28100531]

>>28099764
>its way to fucking late to get into bitcoin
brainlet take

[Anonymous No.28100568]

>>28099764
It was first

[Anonymous No.28100606]

>>28100074
lmao imagine being the poor pathetic fuck who caps their posts and brings them here

[Anonymous No.28100647]

>>28100282
Bitcoin is not a rocket to the moon, its a life best on the FIAT TITANIC
some people just notice the (((iceberg))) early

[Anonymous No.28100753]

>>28100511
BTC will very likely break 100k, yeah. Although its not particularly my main asset, I do own a bit.
If you wanna be a technical fag, think of bitcoin has a store of value, not a currency. By default you need a second coin as a currency, but thats if you're fall for the technical memes.
Personally I don't give a single fuck about adoption and real life uses, I'm in it to make cash and crypto's runs far from over.
Pick your champs and ride them for years, keep 10/15% to gamble on random pajeet scams and try to outtime the pajeets.

[Anonymous No.28100816]

>>28100531
Then tell me how its not to late what the fuck are you talking about? Why the hell shouldn't I just invest in etherium instead of bitcoin? I'm not a fucking moron with my money and I'm not going to drop 40 grand on one fucking currency with the hope that it will go up to fucking 6 figures in who knows how long. Why should I just invest in other coins? Also i don't mean to be an asshole about this I'm just tired of all of the pompous dick heads who boast about how stupid people are for not knowing the value on cryptos

[Anonymous No.28100884]

>>28099764
because niggers are retarded. sold out of my bitcoin a year ago because i know faggots will pay retard prices. bitcoin is worthless compared to the green i use to pay for the shit i buy or the gold i have in my vault. dont buy into the memecoin shitcoin garbage, if you do, pray you find some retard to sell it to.

[Anonymous No.28100893]

>>28099045
They were trying to make Elon buy their fucking GME bags.
Kek

[Anonymous No.28101093]

>>28099764
bitcoin is needed for the off-planet economy and here's why:
there will only ever be 21 million bitcoin. for every bitcoin that is mined the computation time increases for each successive bitcoin that is mined.
they will not find more bitcoin in space. there is a functionally infinite amount of resources in our local solar system alone, enough to crash the entire world economy several times over (for a historical parallel look at what happened to gold when the spanish started mining it en masse in the new world).
do you understand yet?

[Anonymous No.28101239]

>>28101093
but you can't find racks of fiat just lying around on comets, why not use the $ for off-planet trading?

[Anonymous No.28101240]

>>28099045
>How hard are nocoiners coping right now?
nocoiner here
zero, nada, zilch. all power to everyone who made gains though, but crypto isn't something that my heart can take, risk is just too high.

[Anonymous No.28101395]

>>28101240
that's why you came to /biz/ today?

[Anonymous No.28101417]

>>28101093
>*crash electrical grid*
>*assume control of hash rate*
heh nothing personnel

[Anonymous No.28101479]

>>28101395
oui

[Anonymous No.28101573]

>>28100606
I doubt very much the person that does that is poor

[Anonymous No.28101574]

>>28101093
I understand all of that, I get how there is an infinite amount of resources in the universe that deflates the value of tangible assets. But fucking still man, that is still all theory, and also fucking thousands of years from now. This is still a intangible currency and yes I understand that the United States dollar is fiat and only backed by what the fed says its worth.

[Anonymous No.28101605]

>>28101239
fiat can be printed at an infinite rate. mmt supports this, but mmt will be prolapsed by crypto.
as of today, assume bitcoin is "digital gold". even a modest low orbit economy will eclipse terrestrial industries. to give this new sector stability there must be a hard store of value. the men behind these space concerns have decided that bitcoin is that hard store.

[Anonymous No.28101821]

>>28099764
According to JP Morgan it's an inflationary hedge that competes with gold, and will most likely steal half of golds marketcap at the least.
According to BlackRock it could eventually replace the USD as the world reserve currency.

BTC has value for the same arbitrary reason that gold has value.

[Anonymous No.28101946]

>>28101417
this particular specie of fud is dead.
try again.
>>28101574
>thousands of years from now
no, this decade. you can bet on that. the world is going to be completely unrecognizable by the 30s.
furthermore, bitcoin is not intangible. you only perceive it to be that way because of your prejudices. you have no vision and that is why you cannot accept that this is the future of money.

[Anonymous No.28102018]

>>28100816
>40 grand on one fucking currency
buy a fraction of a bitcoin. 0.3 if you wanna be a one percenter.

[Anonymous No.28102112]

>>28099764
this is still early

[Anonymous No.28102203]

>>28099045
lol, this post sort of touches on it, but not quite.

The pump that got us to 40k in the first place was due to Elon buying in...

As if these companies only go public as they're doing it. When they announce it, they bought in MONTHS ago.

[Anonymous No.28102236]

>>28099764
Its' value correlates with the madness of "traditional" monetary policy, therefore limitless moon

[Anonymous No.28103119]

>>28100884
you are poor now retard

[Anonymous No.28103534]

>>28100074
>Lmao imagine how these guys feel who have spent years of their life posting on a reddit forum for guys who hate Bitcoin just watching the price go up

Typical faggitors.

[Anonymous No.28103742]

>>28101395
>that's why you came to /biz/ today?

To let everyone know how much he's coping with his poverty and cowardice and stupidity.

[Anonymous No.28104957]

>>28101821
>arbitrary reason
money isnt really arbitrary. according to mike maloney it needs to be
>portable
>durable
>divisible
>fungible
>store value
>a medium of exchange
>unit of account
gold coinage meets the above too, but we like digital asset transfers in the modern world so BTC is gaining prevalence

[Anonymous No.28105118]

>>28099045
Everything he says is 100% true, yet 99% of my. net worth is in crypto.
Some people just can't get themselves to realise that memes are more important than fundamentals.

[Anonymous No.28105234]

>>28101605
what make you so sure its been decided whats the hard store ?
maybe its something else, maybe its undetermined ?
either way its fluid not solid

[Anonymous No.28105496]

>>28105118
>memes are more important than fundamentals
only in this clown world not a real world

[Anonymous No.28105570]

>>28100277
>Dont be a faggot and zoomout.
>Do you think 10 years is a long time compared to human's history ?
Shit changes really quick these days lol.

[Anonymous No.28105640]

>>28101093
>there is a functionally infinite amount of resources in our local solar system alone
Priced in

[Anonymous No.28105704]

>>28100568
This right here. This is all it needs.

[Anonymous No.28105887]

>>28100511
You are going to make life changing money with crypto, if you're smart about it. You are going to create generational wealth.

[Anonymous No.28106050]

>>28105234
because they need one now. for the foreseeable future this is it.

[Anonymous No.28106058]

>>28100511
we ran the numbers many times anon, bitcoin at $2,000,000 is easily attainable

[Anonymous No.28106116]

>>28099983
>4000bc realizing the value of gold
You clearly are a american

[Anonymous No.28106410]

>>28100511
>What would even be the purpose of investing in etherium and not some fucking meme coin like dogecoin
ETH has a use. DOGE is just a woodchipper that retards happily jump into because of memes.
this sentiment indicates you have absolutely no understanding of crypto. if you want to make it, you should educate yourself.

[Anonymous No.28106434]

>>28106050
it can change anytime
watch out just wait and find out

[Anonymous No.28106435]

>>28105887
I'm not a moron it will never jump into something without understanding the technology behind it. There are plenty of people who probably make more money off scamming suckered all the time. What made you realize its potential?

[Anonymous No.28106603]

>>28106435
you are a moron

[Anonymous No.28106697]

>>28106410
I was being facetious with that apology of comparing a retard coin with etherium. Ok ill put in big boy terms for you, what use does etherium have over bitcoin then?? Both obviously have their uses, don't act like a pompous cunt about it

[Anonymous No.28106716]

>>28106435
and a nigger

[Anonymous No.28106851]

>>28106697
bitcoin is a store of value, a currency. etherium is a platform.
how fucking dense are you? do you know anything at all?

[Anonymous No.28106915]

>>28106716
Ok and you are a chad with a 15 inch massive cock who owns 5 lambos

[Anonymous No.28106917]

>>28106435
>>28106697
Not here to spoonfeed you faggot
Iykyk
Dyor

[Anonymous No.28106949]

>>28099045
I get that you can buy a Tesla with BTC now but why did they bought some ?

[Anonymous No.28106964]

>>28099764
dumbass nigger

[Anonymous No.28107046]

>>28106851
I have absolutely no fucking clue about these things, never once have a read about how these things work besides the basics of it. You're like a god dude....

[Anonymous No.28107114]

>>28106949
For the cash till, duh. Gotta make change...

[Anonymous No.28107193]

>>28107114
I dont get it sorry

[Anonymous No.28107248]

>>28106949
they are holding it instead of USD because of inflation

[Anonymous No.28107314]

>>28101093
wrong retard, Bitcoin and fiat is what killed the space age
gold used to be what pushed us out into the frontier, just look at gold rushes into the new world (as you mentioned), California, Australia, Africa, etc. Think that would've happened if there was no gold there? think that would've happened if gold was not money? NO.

now that we have Bitcoin and fiat all that people are doing is sitting at home, collecting fiat welfare and putting it into the crypto casino to get their dopamine rush while the world around them stagnates and fades

and NO, there is not a "functionally infinite amount of resources in our local solar system", do you have any idea how few asteroids there actually are in our solar system? the total mass of all asteroids in our solar system is ONLY 3% OF THE MASS OF THE FUCKING MOON
there is HUNDREDS of times more gold on earth than there is in space, and the deposits we have on earth have higher gold density than asteroids in space
the most common asteroid type are carbonaceous chondrites and they have a gold ppm och 0.1 - 0.23, gold mines on earth have a gold density of 6 ppm, that's 26 TIMES HIGHER GOLD DENSITY ON EARTH THAN 75% OF ALL ASTEROIDS

going into space only becomes valuable when the price of gold goes astronomical ($100,000+/ounce), which it should
then going into space for lucky strikes will be viable but it won't crash the price of gold, not even fucking close

[Anonymous No.28107386]

I want to apologize to all of those, I clearly do not understand how any of this really works. Don't mean to lash out, I'm just fascinated with it all

[Anonymous No.28107432]

>>28099764
Ngmi nigger

[Anonymous No.28107508]

>noooooo you can’t just use BTC as a currency you said it was a store of value!!!!1!1!!

[Anonymous No.28107535]

>>28107046
>You're like a god dude....
this is how pajeet and nigger talks lol too funny :)))))))

[Anonymous No.28107544]

>>28107314
So gold is the best investment, ever?

[Anonymous No.28107686]

Like sheep to slaughter.

Hundreds of trillions in leverage and you choose to own nothing? Sorry guys, btc is a zero. You are like an underwater cave diver. Taking extraordinary risk. But when the leverage unwinds, you’ll find that crypto is a false chimney and when you desperately swim to the surface for air there will be no way out. Real goods and assets will be bought up and claimed and bad paper assets will blow up in your face. Btc included. You will dump money in, but will not be able to extract value out. People will want hard assets when the leverage unwinds, and those with hard assets will not be letting them go for fiat money or digital nothing stores of value. Just something to think about. Make the money while you can when the cash is sloshing around. But your air supply is quickly running out.

[Anonymous No.28107750]

>>28107535
>>28106964
>>28106603
>>28106964
Hey man I wish you luck with your investments. I hope you make a lot of gains dude. You obviously know what you are doing. I'm ignorant on the subject so you're the real winner man.

[Anonymous No.28107780]

>>28107314
>Bitcoin and fiat is what killed the space age
stopped reading there.

[Anonymous No.28107884]

>>28099045
he did buy btc before the gme happening

[Anonymous No.28107955]

>>28099045
>buttcoin
Bruh what

[Anonymous No.28107970]

>>28099764
you missed the ground floor but anything sub 100k is early.

[Anonymous No.28107979]

>mfw selling my TSLA to buy more BTC

[Anonymous No.28108000]

>>28107750
passive aggressive bitch

[Anonymous No.28108069]

>>28107780
great argument

[Anonymous No.28108075]

It's not wrong.

[Anonymous No.28108078]

>>28107314
>when the price of gold goes astononmical
KEK

[Anonymous No.28108145]

>>28107386
got to be a pajeet nigger and a woman

[Anonymous No.28108147]

>>28099045
just look at their r/cryptocurrency board and how hard they're seething about doge

[Anonymous No.28108159]

>>28099045
Nocoiners are the jews of coinmanity.

[Anonymous No.28108182]

>>28108069
thanks.
too bad yours wasn't.

[Anonymous No.28108195]

>>28108078

[Anonymous No.28108200]

>>28107314
Go to bed Peter. We can create these incentives much easier with Bitcoin.
Mr. Beast is sending 1 Million worth of Bitcoin to the moon. When that Bitcoin becomes worth 10 Billion, people will race to get there because suddenly the cost of going to the moon is lower than the reward for going there. We can incentivize lots of human growth like that

[Anonymous No.28108238]

Elon boosted the value of DOGE and then dumped it all for BTC, didn't he?

[Anonymous No.28108252]

>>28099764
Because you can store your their life savings in your head and nobody can take it from you. And it has enough liquidity for even billionaires to do it too unlike alt coins. That is the real killer app, its not smart contracts or TPS, its protecting your wealth without getting caught at the border with gold bars shoved up your ass or paying maintenance and property taxes on real estate you don't live in

[Anonymous No.28108270]

>>28099427
>>28099045
Society is prolapsing.

[Anonymous No.28108382]

>>28099427
this. musk wanted the blood of short sellers on his meat rocket, he doesn't give a fuck about near-term gains

[Anonymous No.28108403]

>>28107686
where is this pasta from?

[Anonymous No.28108502]

>>28107686
sounds like another jew talk
your fiat days are closed to end

[Anonymous No.28108617]

>>28108000
yep thats a biaaaaaaaatch

[Anonymous No.28108734]

>>28108159
how about coinlet

[Anonymous No.28108805]

>>28107535
Great project, I love the dev team! Will ape 1 ETH into it! To the moon!

[Anonymous No.28108838]

>>28108238
that zipperhead sure did

[Anonymous No.28108935]

>>28108270
ur pussy is prolapsing cope harder

[Anonymous No.28109001]

liquidity

[Anonymous No.28109011]

>>28099045
Wait, why is he bringing up doge?
I made about 25% off it that last day and a half just setting buy and sell limits while it crabbed between 7 and 9 cents.

[Anonymous No.28109053]

>>28108195
I was laughing about the pun, not shitting on your squeeze meme

[Anonymous No.28109125]

>>28107248
Ok thanks !
Will other companies do that ?

[Anonymous No.28109139]

>>28099764
if you are really interested in learning, I suggest you start by asking yourself the question, what is money? Then once a definition is established use it against known assets. Are bananas money? Are towels money? Is uranium money? As retarded as it sounds it will make the point abundantly clear once you place the things we currently consider money (fiat/gold/silver,etc) under the microscope in comparison to bitcoin.

[Anonymous No.28109508]

>>28109139
Thanks, I mean I do have an understanding how basic economics works. It just fascinates me how humans put value on tangible and intangible things how that value fluctuates.

[Anonymous No.28109657]

>>28109011
they're mad as fuck that he memed doge and then this news breaks today. they unironically thought fucking doge would make them rich simply because musk was shitposting about it.
these same people also thought musk would buy their gamestop bags.

[Anonymous No.28110102]

>>28107314
All the refined gold on the planet put together would be a cube that could fit inside of a baseball diamond. One beefy gold asteroid could cut gold prices by 10x or more.

>>28101093
Yeah, what this guy said. Capitalism demands scarce resources to maintain class structure. Humans will invent that scarce resource when material conditions don't create it. Unless we get world wide revolution to establish fully automated luxury space communism (so unlikely its not really worth contemplating) then we should bet on bitcoin or something like it to exist. It's needed for the capital class to reproduce its power structure every generation. I remember years ago someone here linked a scientific paper about the ways a blockchain could deal with the latency of light speed over huge distances in the solar system and even interstellar.

[Anonymous No.28110214]

>>28108403
I just typed it up now

[Anonymous No.28110222]

>>28099764
>to fucking late to get into bitcoin anyways
lmfao this sentence has been writen every single year bitcoin has existed and yet here we are at an ATH. i feel really bad for you to have such a low IQ brain. good luck tho!

[Anonymous No.28110384]

>>28100511
>can it really break to double digits?
>can it really break to triple digits?
>can it really break to quad digits?
>can it really break to quintuple digits?
YOU ARE HERE
>can it really break to six figures?

[Anonymous No.28110822]

>>28108200
the problem with cryptocurrencies is that they require constant work input in the form of electricity and hash power to stay secure/useable and someone has to pay for that work input, those who use the currency and ideally the cost should be spread out over as many users as possible to make the pain for individual parties as low as possible, preventing capital flight

this is best done through inflating the currency and having a small transaction fee
the freshly minted coins which the miners receive are dumped on the market to finance their operations and the security/useability of the network, this however causes downward pressure on the purchasing power on all who hold the crypto (and by holding it making use of its security) while the transaction fees adds another layer of mining funding from those who make further use of the network through transactions

Bitcoin is currently using this model of inflation and small transaction fees to fund mining operations but once it reaches its hard cap inflation will stop and all of a sudden all mining operation costs will have to come out of the pockets of those who transact, those who simply hold the coin, using its network as a place to store wealth, pay nothing (which is unfair)

problem is that Bitcoin can only handle 7 transactions per second which means the transaction fee will have to be astronomical to provide enough resources for miners to keep the network secure but with astronomical fees, who will transact? no one will transact/very few individuals
so miners will be forced to shut down, causing the hash rate to plummet and making the network susceptible to 51% attacks
as the network becomes more insecure capital will flee leading to a death spiral

[Anonymous No.28110903]

>>28109508
You already knew this
People are buying Pokemon cards for hundreds or thousands of dollars yet they're printed on worthless cardboard

Bitcoins are just values on an arbitrary distributed public ledger
But it can be used as truly borderless currency, a store of value, and money that you truly own (a number in your head [private key]) and not something a government can seize at customs, tell your bank to freeze, or take from your house at any time (like anything other asset)

something with the same properties as Bitcoin could over take it one day, but it was first and right now it's the most widespread and secure, and its adoption is still growing

[Anonymous No.28111611]

It really is a baby brain take. The internet as we know it has existed for like 30 years. The internet is going to change the history of humanity in ways we can't imagine for millennia. As long as we're online, and the encryption holds, people will always want bitcoin, for centuries. It is a wierd historically important piece of the early internet. It will always have value. Even if it's not used as a currency, hundreds of years from now rich collectors will still be showing off balances and public keys as status symbols like they buy famous art and historical artifacts. Imagine living 30 years after the invention of the printing press and being like "well, guess I shouldnt buy books, nobody is going to want books anymore because they printed too many of them."

[Anonymous No.28111622]

>>28110102
>One beefy gold asteroid could cut gold prices by 10x or more
dear lord you are fucking retarded, did you even read anything that I wrote?
the GOLD DENSITY IN MINES ON EARTH IS 26 TIMES GREATER THAN ON ASTEROIDS
PURE GOLD ASTEROIDS DONT EXIST YOU FUCKING INBRED NIGGER PAJEET, GOLD EXISTS IN ORE AND YOU NEED TO PROCESS THAT ORE TO GET TO THE GOLD, THE LOWER THE DENSITY THE MORE ORE YOU NEED TO PROCESS, THE MORE EXPENSIVE THE GOLD BECOMES TO RETRIEVE

TO GET ONE GRAM IN A MINE ON EARTH YOU NEED TO PROCESS 170 KILOS OF ORE IN SPACE YOU NEED TO PROCESS 4,420 KILOS OF ORE IN FUCKING ZERO G MILLIONS OF MILES AWAY FROM EARTH WITH NO INFRASTRUCTURE

[Anonymous No.28111734]

>>28099045
Musk is actually retarded though

[Anonymous No.28111803]

>>28111622
just wait for the price to go ASTRONOMICAL

[Anonymous No.28111865]

>>28110822

Which will happen after 100 years. I'd say thats plenty of time to come up with something.

[Anonymous No.28112015]

>>28111622
>>28111803
Bros, precious metals have an unknown scarcity and can easily be manipulated in the markets. People can forge the stuff, lie about how much they have in their vault and so on...
If you don't understand why Bitcoin is a better form of money then you're going to stay poor. I'm not saying gold shouldn't be valuable either, it should be, but it's a shitty store of value and an inadequate form of money.

[Anonymous No.28112054]

>>28110384
sounds like reddit GME cult shit

we're at the top

[Anonymous No.28112067]

>>28111622
You don't think humans will figure out how to remotely refine metals in the solar system? Zoom your timeline out 500 years. All that shit is going to be done with robots.

[Anonymous No.28112306]

>>28111622
peter, it's time to stop.

[Anonymous No.28112518]

>>28112015
I'm just in it for the puns

[Anonymous No.28112727]

>The richest man in the world knows nothing about making money
t. redditor

[Anonymous No.28113139]

>>28111803
>>28112306
what do you think will happen when confidence in the dollar drops? have you dumb niggers ever even asked yourself that?
do you think the US government will just roll over and that we will live in some kind of 'anarcho-capitalist utopia'?
when confidence wanes they will mobilize their gold and use it to collateralize the dollar, AS THE FEDERAL RESERVE ACT SAYS
SECTION 16, PARAGRAPH 4:
">Federal Reserve notes issued to any such bank shall, upon delivery, together with such notes of such Federal Reserve bank as may be issued under section 18 of this Act upon security of United States 2 per centum Government bonds, become a first and paramount lien on all the assets of such bank."
>a first and paramount lien on all the assets of such bank
>lien on all the assets of such bank
WHICH ASSETS DO THEY HOLD????? LOOK AT MY IMAGE
>>28111865
>happen after 100 years
no, it's gradual and no one knows the breaking point
>>28112067
oh holy shit you really are retarded and don't understand that mining low density ore in space is more expensive than mining high density ore in space
if mining gold on earth with much higher density ore, great infrastructure and proximity to customers hasn't caused the gold price to "cut gold prices by 10x or more" then how the fuck would mining in space do that?
also 500 years from now, how much do you think the economy will have grown? any gold you find will be insignificant compared to the size of the economy

[Anonymous No.28113238]

>>28111865
>>28113139
>no, it's gradual and no one knows the breaking point

[Anonymous No.28113414]

>>28099764
You can still buy Satoshi bitch ass

[Anonymous No.28113587]

>>28112054
>sounds like reddit GME cult shit
S&P500 companies are converting sizeable portions of their liquid cash reserves into BTC. This is nothing like the GME pump and dump.

[Anonymous No.28113862]

>>28099764
>Can someone explain to me why this fucking currency is so valuable
Supply and demand for sci-fi digital gold that is increasingly getting backed by respectable investment firms and mega-corporations.

[Anonymous No.28113887]

>>28106116
haha underrated

[Anonymous No.28113898]

>>28107314
You are simplifying history for your dumb argument that bitcoin has anything to do with the space age.
Humans explore for the sake of exploring and adventure and for other benefits, like other resources and trade routes.
They still would have gone to California, Australia, Africa if there was no gold, the first explorers had no idea what to expect and what they were going to find but they did it anyway.

Also I don't know why you are taking a table about the gold composition of meteorites and renaming it as if it were about asteroids

[Anonymous No.28113990]

Tesla’s SEC filing doesn’t include the price they bought Bitcoin at, or the date.

People are just assuming they bought it at all time highs, but they got in much lower, and need exit liquidity.

[Anonymous No.28114123]

>>28108252
Useless. The government already knows what you bought at the exchange.
>I lost it
They will tax you on fiat ammounts.

[Anonymous No.28114141]

>>28106435
Scared money never made money

[Anonymous No.28114562]

>>28101240
What kind of larp is that? Are you a billionaire or what?

[Anonymous No.28114707]

>>28099045
>He thinks tesla announced the change this morning, then proceeded to go out and buy 1.5B of btc on the open market.
These people are fucking stupid.

[Anonymous No.28114751]

>>28099764
>Have far more information available to you at your fingertips than any other time in human history
>Explain this fucking thing to me that's been talked about for years
Kys

[Anonymous No.28114793]

>>28100511
>I mean how much more can it really fucking go up???
$100K by August, $400K by 2024, $1M by 2030.

>Do you really think this thing is going to break into the 6 figures.
Yes, unless the U.S. markets and economy implode (which will happen in the not distant future), it's not even a guess at this point. Bitcoin is an exit from the failing U.S. financial system.

>how do other cryptocurrencies even compete with bitcoin???
They don't. Even ETH was created as a way to apply smart contracts to BTC, until the market said "no, let's meme it into its own money!" See picrelated, this was the front page of the Ethereum website when Vitalik was first working on it.

[Anonymous No.28114855]

>>28107314
>muh gold gold gold
ok boomer

[Anonymous No.28114906]

>>28113238
>load ze flippening threads

[Anonymous No.28115007]

>>28114793
BTC won’t be used as the world currency but it will be used to back it.

[Anonymous No.28115029]

>>28113139
>they will mobilize their gold
you're a real dumb fuck if you think they have any gold. let's see the audit.
oh wait.
LOL

[Anonymous No.28115075]

>>28113898
>the first explorers had no idea what to expect
yes, just like with the moon and how did that end?
explorers break the frontier, gold rushes domesticizes it
>Hundreds of thousands of new settlers descended on Australia during the 1850s. Many of the immigrants who'd originally come to try their hand at gold-digging, chose to stay on and settle in the colonies, ultimately quadrupling the population of Australia between 1851 (430,000) and 1871 (1.7 million).
>meteorites and renaming it as if it were about asteroids
because meteorites are debris (ore samples) from asteroids, where the fuck did you think meteorites came from? santas workshop?

[Anonymous No.28115389]

Gold will survive the time cycles. Bitcoin won't, I don't think. or maybe it will. idk

[Anonymous No.28115630]

>>28107686
>Hundreds of trillions in leverage and you choose to own nothing? Sorry guys, btc is a zero. You are like an underwater cave diver. Taking extraordinary risk. But when the leverage unwinds, you’ll find that crypto is a false chimney and when you desperately swim to the surface for air there will be no way out.
You dumbfuck, my maximum loss is the $3000 I put into it. My gain so far is mid-six-figures. I fully expect it to reach seven figures this year. And all I've done is sit back and watch and sometimes cry a bit when it crashed, like last March and the March a year earlier. Even for those, I was still up 10X, just no longer 20X or 50X.

>>28100816
>Also i don't mean to be an asshole about this I'm just tired of all of the pompous dick heads who boast about how stupid people are for not knowing the value on cryptos
You either get it or you don't. We don't have to waste time explaining it to you if you haven't been able to figure it out yourself in the last twelve years.

>>28102203
>The pump that got us to 40k in the first place was due to Elon buying in...
No it wasn't. 40K the first time was long before his tweets, much less the SEC 10K filing. First time around was just the ongoing GBTC/PayPig buying, with some FOMO from other retail realizing it was going to keep going up.

[Anonymous No.28115722]

>>28099045
this hard

[Anonymous No.28115823]

>>28115722

[Anonymous No.28116094]

>>28099764
It is pure LARP, but LARPs can work. Look at the USD. People have been born and died never experiencing sound money in their lives. If paper fiat van work as long as it has, digital currency can work much longer.

[Anonymous No.28116555]

>>28107314
based retard

[Anonymous No.28116615]

>>28099922
chekked

[Anonymous No.28116793]

>>28110384
based kyleposter

>>28114123
>The government already knows what you bought at the exchange.
Imagine being so stupid that you didn't buy from a non-KYC exchange or a Bitcoin teller machine or even in person at a Bitcoin meetup.

About 80% of my BTC could conceivably be traced to me, although it's unlikely. The other 20% cannot be traced unless they can find the security camera footage from a store that went out of business a few years ago, and watch through it for the half dozen times I walked in and then do facial recognition to figure out who put the money in the BTM. Oy vey!

>>28115007
Yawn. Lightning Network scales to millions of TPS. Sidechains can offload as much volume as anyone wants. The only reason sidechains aren't dominant is because there's no way to run one without a central authority right now; the mathematics for a permissionless sidechain still haven't been worked out -- but with Fully Homomorphic Encryption it's now doable as a distributed network, just HARD.

[Anonymous No.28116848]

>>28099045
they are having sex right now

[Anonymous No.28116903]

>>28106116

[Anonymous No.28117757]

>>28116793
You’re not going to have a global currency that is more valuable to hold than spend. It will back up CBDCs and have a role in the blockchain economy but you’re absolutely retarded if you think BTC is going to be a world currency.

[Anonymous No.28117860]

>>28099045
Tesla buying BTC should be THE biggest signal, that a collapse is coming.

[Anonymous No.28117933]

>>28099045
Is it too late to buy in? I have a terminal case of fomo over Bitcoin.

[Anonymous No.28117959]

>>28117757
Yet, elastic supply currencies exist now, that are both valuable to hold, but are also valuable to spend.

[Anonymous No.28118029]

>>28106116
Kek.
Fuck amerilards and fuck polcels

[Anonymous No.28118043]

>>28117933
I think it’s pretty high specifically now since Tesla announced the news just today

[Anonymous No.28118096]

>>28117860
eli5

[Anonymous No.28118116]

>>28117933
If you read this entire thread you can clearly see people telling you that it is not at all

[Anonymous No.28118236]

>>28117933
short-term: maybe. I think it'll drop a bit sometime, but who the fuck knows
"long"-term (looking out 1+ year): no way, Tesla didn't drop a billion on BTC because they thought it'd stay the same

[Anonymous No.28118238]

>>28117933
I hold 1BTC and I would buy Bitcoin pretty much for as long as I can, granted it actually moves to 500k per coin, it will double.

[Anonymous No.28118311]

>>28099764
The us government and the current world order will crash at any second now.

[Anonymous No.28118438]

>>28118096
When publicly traded companies start taking unnecessary risks with large amounts of money, they are doing it out of need, not greed.

[Anonymous No.28118507]

>>28117959
New economy will be backed up by BTC. There will be a universal medium of exchange backed up by BTC. You’ll have an on/off ramp to it using LTC. Maybe Doge will be on the network too for an easy normie on-ramp too. Find a project that’s trying to do this and you win.

[Anonymous No.28118596]

>>28100753
>not a currency
It's future as a currency is in the back end.
If you learned about how Robinhood and all the other exchanges failed over the WSB frenzy, you'd understand how blockchain makes delivery and settlement more efficient.

Every time you swipe your credit card there's a clearinghouse on the other end, liquidating assets to advance the money to a tab for the merchant and it's settled up weeks later with a grip of fees attached, from every party involved in that transaction.

Bitcoin is much cheaper, faster and flexible than the traditional system.
https://www.youtube.com/watch?v=7bOo3zLFhEk

[Anonymous No.28118640]

>>28118438
so tesla might fail, who cares? how does this make btc drop to 4k meme?

[Anonymous No.28118773]

>>28118640
I'm not talking about Tesla failing. I am talking about the collapse of our economies. They are trying to preserve purchasing power.

[Anonymous No.28118832]

>>28118596
And it’s also inferior at scale due to the insane energy cost. It will be the reserve currency of the digital world like gold is the reserve currency of the physical world.

[Anonymous No.28118907]

>>28118507
Ampleforth is trying to do this, which is what I was talking about.

[Anonymous No.28119081]

So what happens once all the btc is mined?

[Anonymous No.28119294]

>>28101239
Paper degrades.

[Anonymous No.28120051]

>>28118116
READ THE BITCOIN STANDARD YOU STUPID FAGGOT. THEN YOU'LL STOP ASKING THESE DUMB QUESTIONS. READ IT FAST.

[Anonymous No.28120295]

>>28118832
There are ways to batch mass transactions through segwit. That's why exchanges don't charge fees to move your coins off the exchange.

[Anonymous No.28120509]

>>28120051
Is it even a good book?

[Anonymous No.28120634]

>>28100884
nice b8

[Anonymous No.28120900]

>>28120051
Calm down and ok I will

[Anonymous No.28120912]

>>28099045
>tfw watching that entire subreddit of mitwits starve to death in the wastes from inside my comfy sandy cheeks dome property

[Anonymous No.28121417]

>>28099045
The annoying this is they REFUSE to respond to coiners.

[Anonymous No.28122137]

>>28113990
>>28113990
they bought anytime from january to the filing of the document. the open market dumps to 29k and 30k had a lot of volume so maybe they got in on at that level.

[Anonymous No.28122291]

Fuuck me why the fuck did Elon pump this shit just as I got into crypto
Do any Canadian anons know the best way to buy thousands of Bitcoin $ at once? Coinbase is only letting me buy $300 a week and I want to get in and take advantage of this boost as much as I can right now. Already sent my verification photo's to MyBTC too, but they'll probably have limits too I'm guessing

[Anonymous No.28122399]

>>28099045
The seething that’s been going on since Elon pumped it is great, they are finally losing their shit

[Anonymous No.28122935]

>>28117933
it's very likely to be the best performing asset over the next decade

[Anonymous No.28123051]

>>28104957
I'm not a digital currency downer by any means but I'd just like to point out that btc isn't fungible

[Anonymous No.28123281]

>>28099045
i don’t think that op in the pic is right but i think elon understood something that other people will understand later on: bitcoin will become an investment instrument every single company will be in this being earlier than them he can take advance of the better price, even if that price is bigger than what it was a year ago
he just saw bitcoin being adopted in the mainstream and got in earlier with a relatively low risk
last year the institutional panorama was completely different

[Anonymous No.28123322]

>>28123051
?

[Anonymous No.28123367]

>>28106435
You suffer the midwit curse. Take the short path,start eating crayons and buy link because the memes are funny. It's too late for you for the other path.
This is the only genuine advice you are going to get here

[Anonymous No.28123858]

>>28123367
I'm smarter than you

[Anonymous No.28123915]

>>28108000
hahaha salty af, eat nigger ass you fucking faggot

[Anonymous No.28123985]

>>28123322
He means you cant grow fungi on Bitcoin like you can on gold because gold is a physical asset. That means you can use gold to create different things that you can grow fungi in, thus providing a fungiable asset and adding value because of all of fungis uses. With a digital asset like Bitcoin you cant grow fungi and it cant be used for other things like physical assets can

[Anonymous No.28124026]

>>28114141
Stupid money never made money

[Anonymous No.28124122]

>>28099764
I hope you stay poor forever, dumb shit

[Anonymous No.28124169]

>>28099045

I 100% guarantee Musk owned bitcoin privately years ago.

[Anonymous No.28124207]

>>28124026
Yes they literally did you absolute fucktard

DOGE? HELLO? HELLOOOOO?

[Anonymous No.28124217]

>>28099764
No one here knows anything but number go up

[Anonymous No.28124271]

>>28124122
Why do you wish bad things on people? I know its fun and all to vent frustrations on ignorant people but dude you have some serious pyshcological issues. You need to put in a mental institution

[Anonymous No.28124289]

Funny thing, Tesla is on the ASA list for Algo. So theres that. Might as well get with the program. I will be buying stocks that are tokenized on Algo. BTC is just another piece of the pie

[Anonymous No.28124322]

>>28124271
Because you're a fucking idiot and your money would better help society if it was in the hands of someone actually worth a fuck.

[Anonymous No.28124331]

>>28100816
dumb money: the post

[Anonymous No.28124439]

>>28113898
>They still would have gone to California, Australia, Africa if there was no gold, the first explorers had no idea what to expect and what they were going to find but they did it anyway.
gold is a dumb boomer rock but you're demonstrably wrong on that one. any historian could tell you these trips were funded by promising kings untold riches. to be sure the motivations of the explorers themselves may have gone beyond the financial, but without a warchest your chances to put together numerous talented people and their different motivations for the sake of building a spaceship and explore space is much much harder. money is a tool for cooperation first and foremost

[Anonymous No.28124451]

>>28124207
You might as well put your money on fucking 0 in roulette you fucking pig. Its fucking STUPID. Go huff some some petrol you degenerate

[Anonymous No.28124474]

>>28117933
you wanna DCA into ethereum, much less risky at this point

[Anonymous No.28124553]

>>28124322
Here whats your PayPal dude ill send it right over to you, im sure you're the fucking oracle of Somali

[Anonymous No.28124561]

>>28124451
>says something clearly false that was disproven again very very recently
>point this out
>hurr durr might as well roulette!

I didn't buy any fucking DOGE, but every single thing you say is fucking wrong and you need to open a fucking book and look at charts

[Anonymous No.28124685]

>>28124561
I kneel.

[Anonymous No.28124793]

>>28122137
Which means dump is due.

[Anonymous No.28124814]

>>28107686
this guy is right, everyone should have a plan to convert their chuck e cheese tokens to hard assets like land or livestock

[Anonymous No.28124871]

>>28099045
This dude is a coiner and browses biz.

[Anonymous No.28125232]

>>28099045
Just when you thought you’d see. The funniest reddit had to offer you find out about this.

[Anonymous No.28125321]

>>28099764
ngmi nigger

[Anonymous No.28125447]

>>28124474
How is BTC risky?

[Anonymous No.28125685]

>>28107046
>never once have a read about how these things work besides the basics of it
There it is. You brainlet nigger, nobody who joined /biz/ immediately knew about this shit either because we were all bitched at when asked if we asked. Do you own research

[Anonymous No.28125857]

>>28123858
I doubt it.
Nice b8

[Anonymous No.28126068]

>>28107314
GOD DAMN you're a retard

[Anonymous No.28126345]

I have been trying to do my own research before posting but I am a brainlet I guess.
A buddy sent me around 30 bucks in BTC and ETH last week. Then told me to turn most of my BTC (satoshis) into 0x and XLM.
Now I have mostly ETH, 0x, and XLM, but it seems like BTC is the move. I'm not looking for a quick return.
So, I humbly ask for your advice /biz/.
Should I just put it all back into BTC? I realize its literally only 30 dollars so like who gives a fuck but this exercise is somewhat useful in deepening my understanding of crypto.

[Anonymous No.28126509]

>>28125857
I wish you luck and I hope you continue to make more gains in your investments. Thank you for humbling me and I will take it as a learning experience.

[Anonymous No.28127009]

>>28101574
fiat is actually just backed by the trust of the people

[Anonymous No.28127156]

>>28123858
This is literally a symptom of the midwit curse
smart people know what they don't know; smart enough to know crypto is a sure thing, but know they can't time markets
dumb people fomo and are lucky to catch the beginning of bullruns or make a 5x on jokes like dogecoin like someone else point out

somewhere in the middle are people like you 'playing it safe', so safe that you're scared of investing/taking risk
no investments, a little savings, but probably not too far from living paycheck to paycheck

[Anonymous No.28127692]

>>28122291
Shakepay or newton

[Anonymous No.28127706]

>>28126345
Doesnt matter at that point. Keep them diversified. Observe, that of all those trades you made, most were dogshit and you'd have been better off not buying/selling the thing in the first place.
Buy $50 or whatever you can afford every month and just chuck it into crypto.

[Anonymous No.28127975]

>>28127706
I appreciate your response

[Anonymous No.28128269]

>>28099764
>Can someone explain to me why this fucking currency is so valuable
>i understand how it works
You don't because if you did then you would know why it is so valuable.

[Anonymous No.28128581]

>>28107314

[Anonymous No.28129128]

>>28123858
>I'm smarter than you
dunning kruger on full display.
I understand you though. You are exactly like normalfags. They believe themselves to be the smartest person in the room and will listen to no one. I honestly hope the great reset genocides everyone under 110 IQ at least.

[Anonymous No.28129307]

>>28129128
This what 0 pussy does to a mfer

[Anonymous No.28129410]

>>28109508
>I do have an understanding how basic economics works
Do you REALLY though?

[Anonymous No.28129689]

>>28129410
Yah I think so, I use to make a bit of money here and there on the grand exchange in osrs

[Anonymous No.28129712]

>>28124271
>Why do you wish bad things on people?
Because they are bad people. The world would be better without 90% of them inhabiting it. That includes you.

[Anonymous No.28129898]

>>28129689
I don't think you do, because if you understood the basics then you would understand why Bitcoin is extremely valuable.

>>28129307
The reason why Africa stayed poor is because they are low IQ. I wonder why you stay poor.

[Anonymous No.28130010]

>>28129712
I'm not such a bad guy once you get to know me ;)

[Anonymous No.28131239]

Listen up fucking faggots! You know Elon is the creator of PayPal right? You know that recently he mentioned that cryptos have a good chance of becoming the official 'money' right? You know that his company Tesla plans to accept BTC right?

Ok, faggots if you don't get the picture yet, I will let you know that I won't be fucking surprised if Elon comes up with some next level payment service which will support BTC and other cryptos and will make it fucking easy for the average joe to cash in, cash out, send payments, buy/sell stuff for crypto and so on. Holy fuq this board has become really fucking retarded with all those new basedboy GME low iq cunts swarming in.

[Anonymous No.28132325]

>>28123985
based and fungipilled

[Anonymous No.28132634]

>>28110822
This is the correct answer and none of you retarded niggers even responded

[Anonymous No.28132649]

>>28099045
>wahhhhhhh we're killing the planet
>oooooo bitcoin is the future

[Anonymous No.28132984]

>>28126345
you won't learn with $30, its like trying to become a professional poker player by playing those free online games using fake money
you need to put in enough money to know you'd feel bad if you lose them if you want to learn decision making and managing risks and stress on crypto market

[Anonymous No.28133411]

>>28132634

because it's not you utter faggot.
L2 solutions will take over way before the block rewards goes to zero.

[Anonymous No.28133721]

>>28110822
That's something Musk mentioned too. Use Monero.

[Anonymous No.28134030]

>>28110822
we will have quantum coin by then or some new anti-authoritarian way of storing value.

[Anonymous No.28134071]

>>28110822
>the problem with cryptocurrencies is that they require constant work input in the form of electricity and hash power to stay secure/useable
How much does traditional finance use?
I didn't need to read the rest.

[Anonymous No.28134405]

>>28134030
>anti-authoritarian way of storing value
boypussies?