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/biz/ - Business & Finance

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30419752 No.30419752 [Reply] [Original]

Can you guys explain to me why this board doesn't like BTC.

It's the biggest coin, has the most investors, and has gone up 5x in the past 6 months.

>> No.30419836

poorfags and newfags are priced out. Biz falls into both of these categories

>> No.30419874

bc its going to zero long term

>> No.30419920

>>30419836
I used to only own BTC, but then when I realized that I only own 0.00420 BTC I realized that this isn't gonna get me anywhere. Now i'm trading ETH and BAT in hopes of getting up to 0.01 BTC

>> No.30419948

>>30419752
Fundamentals are flawed

>> No.30419957

>>30419874

I've been hearing these words ever since it was $2K.

I stopped listening to them in mid 2018 and DCA'd - Sitting pretty comfy now

Cope

>> No.30419967
File: 21 KB, 277x316, dan-pena.jpg [View same] [iqdb] [saucenao] [google]
30419967

BITFUCK IS GOING TO ZERO

>> No.30420001
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30420001

https://youtu.be/FnKrMKo_WlU?t=874

Bitcoin is valuable? AHAAHHHHH
You hope that it is used more in the future, but... utility makes the value...
No one use bitcoin for utility... because it is public at its core and always will be...

1 stable coin will always be equal to 1, now this is utility...
Now everyone uses monero...criminals have always been ahead in terms of adoption
Monero is the future, and is worth 1000x more than bitcoin do you understand now?
Market value always lagged
Do you understand the meaning of all that?

>> No.30420077

This isn't a board of patient investors, they're greedy impulsive speculators and gamblers. They want to 10x and 100x in months and years time and chase the peripheral crypto pumps, they don't want to set and forget in bitcoin and weather the rises and falls.

>> No.30420090

>>30419752
Because better coins exist

>> No.30420146
File: 568 KB, 1280x720, OFAC-XBT.png [View same] [iqdb] [saucenao] [google]
30420146

Shit fundamentals, it's vulnerable to governmental surveillance and blacklisting and is at this point nothing more than a hype-fueled speculative bubble.

>> No.30420218

>>30419752
Blockstream

>> No.30420236

>>30419752
There's that guy that spams everyday with "you have muh one job buy and hodl BTC" what do you mean.

>> No.30420253

>>30419752
This board prefers to buy absolute shitcoins with no investment and permalosses

>> No.30420278

>>30419752
Almost everyone here loves BTC. Pretending not to is a different story.

>> No.30420305

I'm fucking tired of Bitcoin maximalists. They all act like a fucking religion cult. Discussing.

>> No.30420307

>>30419752
$20 transaction fee for a coin that does nothing.... seriously, any u fags actually use BTC to purchase things?

>> No.30420379

>>30420001
Do websites like empire market still use BTC or have they moved over to Monero?

>> No.30420394

>>30419836
this.
anyone who holds a decent amount of BTC won't disclose that information or they already made it and have no reason to be on 4chan.
sadly this board is mostly newfags/poorfags/jeets

>> No.30420427
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30420427

>>30420305
>I'm fucking tired of Bitcoin maximalists. They all act like a fucking religion cult. Discussing.

In a nutshell.

>> No.30420438

>>30419752
The poor NEETs here only care about PND scamcoins they can possibly 100x their paltry sums of money on quickly. Bitcoin is too big to do that with. It'll take at least a decade before we see 100x from current price.

>> No.30420475

COTI is better investment now

>> No.30420566

Lower upside potential

>> No.30420704
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30420704

>>30419752
The longer you hang around here, the more you start to realize the cycle of people who come to biz.

When a good crypto comes out, you'll see it shilled to no end along with the actual pnd scam coins.
Next, said good crypto will take on a life of it's own with high quality memes and threads as people invest and explore its possibilities.

Then, you'll see the crypto have an initial pump. Maybe like 10x-20x. This pump will bring the attention to a max.

After the initial pump, you'll start seeing the FUD come up. Sometimes it's valid weaknesses being pointed out, but mostly it's people trying to bring the price down because they missed out on the initial pump.

The next part of the cycle is the pump that makes the initial holders very wealthy. They hold on to the crypto but they start becoming less vocal about it because why would you if you've already made it.
At this point, these cryptos have multi billion dollar market caps and are beyond the point where anything said on /biz/ can affect them.
So you'll see less and less said about them and even big movement in price doesn't really do much to stir up a conversation at this point.

The people who bought BTC or ETH when they were still new have so much money that they don't need to be glued to /biz/ every day in hopes of finding a way to make it.
They may come on every once in a while to gloat, but that's it.

LINK is just one big pump shy of joining the other big coins in that it would take someone seling their home to buy even half a make it stack.

TL:DR Excitement about BTC isn't as high anymore because it's in the big leagues, and the people who have a lot of BTC don't post here anymore because they've already made it.

>> No.30420850

Because /biz/ is now the 4th most active board on 4chan, and it is crawling with poor jeets and redditors who have been priced out and will lash out at anyone promoting an asset they can't afford.

>> No.30421333

>>30420146
>Oy vey, the government will seize my Bitcoin...
Not their keys, not their coins.

>> No.30421551

>>30421333
since I just found out about empire market shutting down and idek what replaced it, are those people accepting BTC or Monero?

>> No.30421617

>>30419752

I have 15 dollars in BTC

The board likes pajeet penny scammer coins

>> No.30421643

Simply prefer better opportunities. Lagging coins like DIA or SNOW.
Indexes like SCIFI will also make you better returns without much knowledge.

>> No.30421701

>>30421617
wow man careful...

>> No.30421704

Is now a terrible time to buy into BTC? What percentage of my portfolio should be BTC? My portfolio is low 5 digits.

>> No.30421773
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30421773

>>30419752
tick tock corecuck

>> No.30421824
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30421824

>>30421333
>Not their keys, not their coins.

That's not how it works.

1. Your coins are blacklisted for "suspicious activity"

2. You're not aware of this.

3. You send your coins to your usual exchange to trade/cash out/whatever

4. Your coins are frozen and seized the moment they touch the exchange.

5. You now have to prove they are not the proceeds of shady dealings or forfeit the lot.

TL;DR: the government doesn't need to directly seize your Bitcoin, it just needs to bully others to do it for them under threat of regulatory action.

Pic related.

>> No.30421931

>>30421824
How can you even prove that you weren't using them for suspicious activity? Seems like guilty until proven innocent. Also when will coinbase add support for monero?

>> No.30421977
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30421977

>>30421551
>are those people accepting BTC or Monero?

The largest DNM (White House Market) ditched Bitcoin last December and is now 100% Monero-only. Others will likely follow suit in time, BTC is just too risky to use now.

>> No.30422033

>>30421824
use some chinese exchange and buy monero
or wait until atomic swaps are done

>> No.30422039

because /biz/ is full of poorfags

>> No.30422134

>>30419752
bitcoin bought me meth and Adderall. I will always love it.

>> No.30422192
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30422192

>>30421931
>How can you even prove that you weren't using them for suspicious activity? Seems like guilty until proven innocent.

I suppose you have to provide evidence of legal acquisition. Same shit has been happening to people using CoinJoin, just the fact you're mixing makes you seem suspicious and they'll freeze your coins until the matter is settled. Pic related.


>Also when will coinbase add support for monero?

Probably when the regulatory environment is more favorable, they're still antsy about Monero's untraceability.

>> No.30422200

>>30420704
this
I've been here since the board was first created. There are cycles. People come and go if they either get rekt or make it.

>> No.30422225

>>30420307

Nope. Just use it to make 6.2% interest.

>> No.30422364

>>30422192
Also how is Monero less tracable? Can you not view the transactions made on the blockchain like BTC or ETH?

>> No.30422379

>>30419752
Seething no coiners are just jealous and trying to bring the price down to levels where they can actually afford maybe .01 BTC before it hits the stratosphere.

>> No.30422452
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30422452

>>30419752
Always do the opposite of what /biz/ says
Most are lying so they can dump their bags to get more satoshis

>> No.30422453

>>30419752
Most people here are into cryptos to "make it". BTC is just way too up in the ladder for anyone to make it with this coin. It's either too expensive, or even if you manage to get a single one, the chances of it mooning enough to make you a millionaire are slim.

>> No.30422454

>>30422379
If it goes back down to 30k then I'll be able to afford 0.01, but instead of trying to bring the price down i'm just gonna double my money with BAT and ETH

>> No.30422563

>>30419752
It's what everything else was based off. Bitcoin invented blockchain and everything else is just fun. It's like getting excited about a Ford Model T when you're trying to decide between a Tesla, a Porsche or, a Ferrari.
>will a Ford Model T (bitcoin) get you where you're going (make you richer)?
Yes
>BUT IT HAS SMART CONTRACTS AND IS UNTRACEABLE AND REBASES AND IS INHERENTLY DEFLATIONARY AND LOOK AT THE HECKIN LOGOARINO AND AHHHHHHHH I'M NFFFFFFFFFFFFFFFFFFFFFFFFFFFNING

>> No.30422580

>>30420077
Double dubs of truth

It's just so hard to sit there, and watch btc crab while you see other projects doing 10-20% every day

>> No.30422599

>>30419752
i only like btc what the fuck are you smoking?

>> No.30422653

Because 99% of the people here are poorfags chasing curry rugpulls in the dream of making it to 1btc

>> No.30422679
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30422679

>>30422364
>Also how is Monero less tracable? Can you not view the transactions made on the blockchain like BTC or ETH?

No. You can only see that A transaction has taken place but you can't know anything about the sender, receiver or amount.

>How is Monero’s privacy different from other coins?

Monero uses three different privacy technologies: ring signatures, ring confidential transactions (ringCT), and stealth addresses. These hide the sender, amount, and receiver in the transaction, respectively. All transactions on the network are private by mandate; there is no way to accidentally send a transparent transaction. This feature is exclusive to Monero. You do not need to trust anyone else with your privacy.

>> No.30422723

>>30422580
This is exactly what made me trade my BTC for ETH and BAT.

>>30422599
People on here don't like BTC that much.

>> No.30422886

>>30420305
>>30420427
>hes not an esoteric bitcoinist
ngmi