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/biz/ - Business & Finance

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29318527 No.29318527 [Reply] [Original]

Is anyone even using crypto? This entire space looks like a giant game of hot potato, none of these tokens are being used by the economy.

Every single one of you trading crypto are frauds.

>> No.29318729

>Is anyone even using 4chan? This entire space looks like a giant game of hot potato, none of these posters are real or actually sane and in sound mind.

Every single one of you posting "anonymously" are frauds.

>> No.29319007

I plan to accept crypto as a form of payment once I get my business set up and running. Do it like Gold even I’ll offer a 5% discount payable in BTC or LTC. You think I’m kidding but I’m unironically not.

>> No.29319075

>>29319007
>I plan to accept crypto as a form of payment
based

>> No.29319253

>>29318527
True. No one even knows what these weird coins are supposed to do.

>> No.29319261

>>29319007
So you're a nobody who's not using crypto like everyone else? Thanks for the clarification.

>> No.29319294

>>29318527
people in 3rd world countries with shit currencies legitimately use crypto

>> No.29319329

>>29318527
lurk more.

>> No.29319522

>>29318527
Holding bitcoin is a form of use. To deny this is the case is simply your subjective opinion that no one cares about when there's the empirical evidence of tons of people who favor holding it (and happily so) over the stupid high time preference behavior of fetishizing spending and consumption.

>> No.29319543

>>29319261
I don’t understand? I am directly using crypto by offering it as a form of payment, and I also have crypto as an investment. Crypto is better than my paper Monopoly money, I’d rather lean into clown money.

>> No.29319586

>>29318527
some of us get a little and some a lot
we've got to make do with whatever we've got
we get it hot we cool it down and then we pass it around

>> No.29319827
File: 36 KB, 471x851, cryptopayments26246.png [View same] [iqdb] [saucenao] [google]
29319827

>>29318527
Im accepting it as a payment option on my online store... The only thing people use to buy stuff is litecoin though (cant wait until coinbase accepts ADA because I can see people actually using that for payments as well) because of the fees associated with btc/eth, but still, I dont see what else crypto really needs to do to be used, other than actually be used by businesses. It takes <10 minutes to setup a crypto payment gateway, and there's no real negative from the business owners perspective barring a flashcrash, and maybe cashflow, but I just leave customer purchases as crypto and basically pay out of pocket for their items and look at it as getting a discount on my investments.

You can even set custom slippage %'s for your purchases, ie +/- 5% of price, so market moves dont cause your customers to have to repeatedly try to get a transaction to go through at the correct price. ie, someone wants to buy a $20 item, but $20 is actually $20.25 by the time they click the purchases button

>> No.29319831

>>29318729
Terrible analogy. We’re all using 4chan buy posting and uploading images. An accurate analogy would be if we all bought 4chan gold passes and never actually posted on the website

>> No.29319900

Define "using" you fucking retard
Are you "using" your stocks? Are you "using" your bonds?
No you aren't. Both are an investment into whatever is the underlying of those.
Crypto is the same. I am investing in Blockchain tech and in some cases the underlying platform. I could make an argument I can "use" those coins even moreso than stocks and bonds even.

>> No.29320103

>>29318527
>none of these tokens are being used by the economy.
>XLM adopted by Ukraine government
>ALGO adopted by Marshall Islands
>you can literally buy Dominos Pizza in Venezuela with Bitcoin
>RLC allows for a decentralized cloud that will soon compete with Azure/AWS
OP you need to know 90% of /biz/ is only interested in crypto for the pump and dump schemes and as result most of the threads here reflect that. There are tons of cryptos with actual use case that are currently being used but they are not flashy and do not see the insane mooning other coins do.

>> No.29320107

>>29319900
Investment as long as it keeps going up in price. thats the only thign useful about it.

>> No.29320231

>>29319007
It's unironically easier to setup than visa payement, i'd start by that.

>> No.29320239

>>29318527
this is still early days. people said the same thing about the internet when e-commerce wasn't really a thing yet. btc is a store of value like digital gold, and altcoins and defi are a coalescing form of digital silver (money and money making tools)

>> No.29320274

>>29320103
You can literally get paid in BTC on chaturbate. Some actual nigger tranny is richer than all of us if they held kek

>> No.29320439

>>29320239

>store of value
>drops 25% in one day

Kek

>> No.29320440

>>29318527

Hedera Hashgraph is the only crypto being used irl and it's only worth 15 cents.

>> No.29320495

>>29320107
The only people who say stuff like this dont know what its like to not be allowed to open a bank account or swap out of their country's rapidly inflating currency. Until crypto they were just forced to go down with the ship, or run away and most likely make it out with absolutely none of their possessions or wealth.

>> No.29320619

>>29320231
That’s fantastic to hear. I think in today’s age not offering commodities payable by crypto feels outdated.

>> No.29320668

everything is being shilled because the real money is the gas fees/transfer fees and taxes.

>> No.29320690

>>29318527
>Is anyone even using crypto?
yes, I use it ever day to make more money

>> No.29320968

>>29318527
not yet :^)

>> No.29321083

>>29320239
The internet offered something new though. This isn't really a huge improvement on what exists.

>> No.29321116

>>29319007
It's less of a hassle to set up than fiat is. What we need is reputable credit cards for crypto to really go mainstream.

>> No.29321207

>>29321083
Precisly. Fintech already does what crypto is trying to achieve.

>muh decentralized
By who? China? Get fucked.

>> No.29321266

L T O

T

O

>> No.29321420

>>29319007
you must be selling some expensive shit to accept crypto as payment

>> No.29321566

>>29319827
price it as the moving avarage if the last 3 or 5 days

>> No.29321823

>>29321566
I just have it set to 20% max slippage over but only 5% under lol

>> No.29321834

>>29321420
Yes actually. Sculptures between $350 and $1,200. I’ve done better for myself selling these and immediately buying crypto with the sales money. I use USD for food rent and bills.

>> No.29321835

>>29318527

only 1% or crypto transactions are used for commerce, the rest is all trading
99% of the current market is speculation
99% of all coins/tokens/projects will fail and be worthless
but blockchain technology and smart chains are here to stay, so the 1% of crypto that is solid enough to survive the inevitable crash will become juggernauts
if you can figure out that 1% and put money on it you will be a multimillionaire in the end
unlike nearly everyone on this board who just gambles on nonsense buzzword coins and projects, you can rest assured they will all get wiped out soon

>> No.29322030

>>29321835
>99% of all coins/tokens/projects will fail and be worthless
And the rest can just be copied, as has happened with ETH

>> No.29322039
File: 7 KB, 250x200, 1520972822369.jpg [View same] [iqdb] [saucenao] [google]
29322039

>>29321835
alright im in, whats the 1% i need to buy fren?

>> No.29322626

>>29322039
HBAR
AAVE
BNT
LTO
never looked into ALGO, but seen it recommended a lot. I just picked up a bag of HBAR and will be shilling it soon.

>> No.29322695

>>29322039

you have to be a goddam wizard to predict that accurately
personally I think ETH2 (the next big Etherium upgrade) is going to be unstoppable
but there is always the risk that the transition from ETH to ETH2 goes spectacularly wrong
then it's either DOT, Cardano or Binance Chain as the other giant smartchain. impossible to predict right now which one is going to come out on top

>> No.29322769

>>29318527
i use bitcoin to buy steroids and human growth hormones from china. thats about it

>> No.29322874

i recently incorporated as an LLC so i am technically an institutional adopter of crypto now that im a corporation

>> No.29322905

everything on this market is bullshit, sell now retards

>> No.29322932

>>29320495
No. This only works because bitcoin is going up. Once it goes down, then whats the point swapping to it? Thats like switching from the argentinian peso to the zimbabwe dollar.

>> No.29323013

>>29318527
We need a crypto ebay

>> No.29323074

ask Google

>> No.29323183

>>29318527
people are using it to store wealth, which is one of the most important uses for it

>> No.29323215

>>29318527
Mate who cares as long as you're increasing your net worth weekly
I'm playing around in pump group, wish I'd joined one sooner
Invites just opened on this one
discord gg/SNqPpk5Pjw
Non whale one so it's pretty decent

>> No.29323262

How many times do we have to explain HBAR to you old man?

>> No.29323285

i bought this with crypto. isnt it pretty? checkmate plebbitors

>> No.29323312
File: 511 KB, 840x488, 1509337116614.gif [View same] [iqdb] [saucenao] [google]
29323312

>>29318527
I bought some drugs with litecoin a couple weeks ago

>> No.29323386

>>29323285
>pEE

>> No.29323453

>>29318527
>Is anyone even using crypto?
Yes. I use it to buy drugs and donate to internet Nazis.

>> No.29323673

>>29320239
BTC is not a store of monetary value. It may be a store of hopium for a lot of people, which I guess is somewhat valuable in a sense.

BTC can only become a value-store if it becomes mass-adopted and the price stabilizes much more.

>> No.29323721

>>29323312
Nice, what drugs?

>> No.29323837

>>29322932
>Once it goes down
why should it go down significantly if the demand remains constant? plus, as the market cap increases volatility decreases.

>> No.29323859

>>29319007
My store accepts crypto, target market is teen gamers. The downside is that only around 1/1000 customers elect to even use crypto. People barely know about it, and that's why I'm bullish.

>> No.29323960

>>29323673
Imho. It cant stabilize in price, because there is no economy behind it. Or a commodity behind it. It is backed by nothing.

>> No.29323969

>>29323285
woah, where did you buy that?

>> No.29324122

>>29319522
>Holding bitcoin is a form of use.

Can't tell if serious

>> No.29324171

>>29323960
There is nothing rational going on here, even Elon can see this.

>> No.29324177

>>29324122
It is you stupid nocoiner loser faggot

>> No.29324218

>>29319900
You do know how stocks work right? The money you invest into stocks is then used by the business...

>> No.29324264

XMR is definitley used as a real currency today.

>> No.29324309

>>29324177
Yeh just sold all my crypto to secure my trendies, enjoy the crash :)

>> No.29324394

>>29319294
huh? the us doesnt use crypto

>> No.29324444

>>29318527
Hey it has value because people agree it has value.
This delusion is so stuck that it would take an outstanding catalyst to remove it.

>> No.29324472

>>29323960
At the moment, BTC is pretty much a pyramid scheme imo. A gambling instrument that gets pumped and dumped massively, but ultimately continues growing in fiat value.

If it becomes adopted more and more, it will start to stabilize in price more. But also still become more valuable over time because of the 4 year halvings and overall limited supply. Because it's designed to be deflationary.

I'm not pro or against BTC. Just my observation.

>> No.29324561

>>29318527
>Is anyone even using crypto? This entire space looks like a giant game of hot potato, none of these tokens are being used by the economy.
>Every single one of you trading crypto are frauds.
i converted all my fiat money into btc cause i don't want to hold worthless fake fiat money
the rest of the shitcoins are just (pretty profitable) gambling
/thread

>> No.29324597

>>29318527
buy tokens with actual use case (ALGO), with your shitcoin gains (Bake, Cake, and so forth)

>> No.29324773

>>29318527
people use monero everyday to transact and move money. they will long after any bull runs or any bear markets and probably still if the internet dies via radio, unlike bitcoin which is too expensive to transact with and requires dedicated ASICs (and is non fungible)

>> No.29324774

>>29318527
The entire crypto space is just gambling. None of these innovative utility tokens serve any purpose other than making gambling easier.

>> No.29324918

>>29318527
I'm a humble defi farmer tending to my crops. Quit my job and now I live 100% from this, so yeah I'm using it

>> No.29324932

>>29323837
>babbys first bull run

>> No.29324964

>>29318527
Yeah but It’s only slightly less fraudulent than fiat, so whatever.

>> No.29325036

>>29324561
>worthless fake fiat money
lul. It's not worthless if it's legal tender and accepted by everyone as valuable.

Remember that 99.99% of people who currently buy crypto do it for fiat gains. Not to accumulate crypto.

>> No.29325123

>>29324472
literally every asset in human history is a "pyramid" or "ponzi" scheme. Better dump

>> No.29325125

>>29324932
>t. midwit

>> No.29325341

>>29318527
I know about five coins being used, one of them being actually useful, but I will not tell you

>> No.29325530

>>29325123
>everything is a ponzi scheme
The absolute state of coin scammers

>> No.29326326

>>29318527
Crypto is a ponzi scheme no question.

>> No.29327537

>>29326326
bump

>> No.29327670

>>29318527
Yes Bitcoin cash is used everyday as a payments mechanism.

As is litecoin, dash and xmr