/biz/ - Business & Finance

[Anonymous No.49777509]

CZ just confirmed BTC is NOT a ponzi, all bear fags btfo, bullrun imminent.

[Anonymous No.49777536]

>>49777509
>Utility value has staying power
The man just told you to buy RLC
Im all in.

[Anonymous No.49777560]

>>49777536
Is it starting to make sense yet? Even the EU commission is investing in iExec's success via iExec being the selected blockchain for ONTOCHAIN

[Anonymous No.49777574]

>when new money is used ot pay old money
That is literally the reason why Bitcoin is going down.

[Anonymous No.49777589]

I stopped believe in chinks after the kwonzi scheme

[Anonymous No.49777611]

>>49777560
Fuck off.

CZ is being based again. Crypto is in stage of early internet. Just entering into mass usage.

[Anonymous No.49777616]

>>49777509
it's not actually use for anything besides ponzi investment lol

[Anonymous No.49777639]

>>49777611
Holy again this cope

[Anonymous No.49777649]

>>49777509
he's right you know
I've been screwed over by tradfi regulations enough that I don't want to deal with that bullshit anymore

[Anonymous No.49777665]

>>49777509
>the only utility is transferring funds slower and more expensively than traditional banking
Kek its over

[Anonymous No.49777684]

>>49777509
Because his 'which side of history are you on?' pep-tweet bullshit last week improved market morale so much?
>JUST IN: biggest exchange claims 'BTC is not a Ponzi, h-honest..'
Hes technically right, it's not a classic Ponzi.
More the world's biggest game of Find a Bigger Fool. And the band is tired and about done playing, ready to pack up and go home. Maybe one last encore. I'd have more respect for cz now if he rugged the entire shitfest before it collapses anyway.

[Anonymous No.49777825]

>>49777509
>global fundraising
ponzis
>investments
ponzis
>deFi
ponzis
>nfts
ponzis
>border remittances, micro payments
are we in 2014? nobody even tries to use it that way anymore
And the fact that he has to say it, is really brutal. "hey guys i know it may seem like it but looks we aint a ponzi ok"

[Anonymous No.49777890]

>>49777509
Based

[Anonymous No.49777894]

>>49777509
Yes i am sure if he thought it were he would say so, he has no vested interest in crypto

[Anonymous No.49778007]

>>49777509
The only reason millions of people buy memecoin is in the hope that the price goes up. The price can only go up if more people buy into it. This is the definition of a Ponzi scheme.

[Anonymous No.49778149]

>>49777509
>only utility is black market
Oh well

[Anonymous No.49778165]

>>49778007
Yeah but these people have no idea what they’re doing and make no effort to actually learn what the tech is, what it’s here for, and what it does, instead seeing the number go up jumping in like idiots to try to make money quick without any understanding of what their doing. No Bitcoin is not a ponzi, but people will keep calling it one until it’s fully understood for what it is.

[Anonymous No.49778241]

>>49778165
>No Bitcoin is not a ponzi, but people will keep calling it one until it’s fully understood for what it is.
It's a ponzi in which the creator died and the bagholders transformed it into a pyramid scheme cult

[Anonymous No.49778273]

>>49777611
But crypto is fucking useless bro. It's like comparing internet and a banana peel.

[Anonymous No.49778300]

>>49777536
>>49777560
>CZ supports RLC
Then why did that scamming chinksect disable withdrawals and kill the coinbase pump?

[Anonymous No.49778322]

>>49777509
We are at bulltrap stage confirmed, this shit is going straight to fucking zero.

[Anonymous No.49778378]

>CZ
CHING ZHONG?

[Anonymous No.49778380]

>>49778241
d0b0?

[Anonymous No.49778400]

>>49778300
To keep RLC all to himself because he knows the incoming BTC-level pump is imminent

[Anonymous No.49778524]

>>49777611
>13 years
>early stage
tell me, do you play Star Citizen by any chance?

[Anonymous No.49778611]

>>49777509
I agrer with him but I moved my holdings from binance just in case, you never know, you know

[Anonymous No.49778656]

If bitcoin is supposed to stay afloat on its own utility it's going down to $1.

[Anonymous No.49778706]

>snake oil salesman confirms that snake oil is good

[Anonymous No.49778836]

>>49777509
The fact you're buying into his talking points is really funny. Have fun holding his bags.

[Anonymous No.49779072]

>>49777560
you niggers are in the truebit threads and now here. not buying your bags.

[Anonymous No.49779104]

>>49777509
>chink fraudster confirms that ponzi scam is not a ponzi

[Anonymous No.49779460]

>>49778706
>>49779104
I haven't used usd for gambling in the last 4 years. Wagered Millions. Millions that don't go into the dollar scam

[Anonymous No.49779565]

>>49777509
BEARISH ! More downside confirmed !!!

[Anonymous No.49779597]

>Bernie just confirmed its not a ponzi, relax everyone

[Anonymous No.49779644]

>>49777509

[Anonymous No.49779817]

>>49777509
The bull run is sure to come as crypto is still in its early stage and after this bear market would come massive adoption. Cz is also right about the level of utility and innovation in Defi, I'm keeping up with a few developments as well. One of them is Spool's partnership with Angle protocol which would allow the use of the platforms yield adjusted strategies.

[Anonymous No.49779872]

He is right, but the market is irrational, and extremely manipulated by (((TPTB))).
The price will fall to the value of October 2017, when CME announced futures market for bitcoin. That was the mistake (muh legitimation) that let bitcoin exposed to the manipulation, so the price will go back there. Also, CME gap at 9k was always there, and they crash the market using a broken algorithm to fuck the price. If exchanges didn't follow this algorithm the reality could be different, but they do by general consensus, which means that decentralization never happened.

[Anonymous No.49779998]

>>49777509
sounds like he's saying defi isn't a ponzi, btc definitely is

[Anonymous No.49780253]

>>49778524
That's not a long time.
Consider the use of the Internet
The Internet was first created in the 60s limited to use by the government/military
It wasn't until the early 80s, (Jan 1, 1983 being the "birthday" of the Internet of today) that universities and other public use was using it. Early BBS boards, things like that.
and then the World Wide Web didn't start until the early 90s. So, crypto does have a long ways to go.

[Anonymous No.49780299]

>>49777509
He sinking more and more into cope mode every day.

[Anonymous No.49780373]

>>49780253
crypto right now is probably at the equivalent time of the Internet during the early-mid 90s. So it would mid 90s right now, where many people of various ages are getting into making their first websites, all universities having websites, more and more people making e-mails to communicate, but still not achieving massive normie usage (not until the mid 2000s with social media boom). still have another 10 years.

[Anonymous No.49781023]

>>49780299
Pretty much this, yup.

[Anonymous No.49781107]

>>49780373
i largely agree with you on crypto/blockhain being mid to late 90s.
however, technological cycles are shortening so my believe is that we are probably only 5 years away from it being pervasive in our lives.
t. works in research and dev in the blockchain industry. we have major companies from industries coming to us to use blockchain to identify use cases.

[Anonymous No.49781149]

Defi is a ponzi

>just park.your money here and earn more money bro!

[Anonymous No.49781185]

>moving shitcoins around to make more shitcoins
>"""""utility"""""

[Anonymous No.49781261]

>>49777611
>WE'RE UNIRONICALLY TOO EARLY

lmao nobodys left from retail to be your exit pump faggot

[Anonymous No.49782008]

>>49779817
>early stage
Holy kek

[Anonymous No.49783091]

>>49777611
Mass usage is definitely in view and there are a lot of platforms working to make the space better when the time comes. I've been keeping up with Railgun and I'm anticipating it's fully functional DEX with 0x integration that would allow privacy on swaps and trading.

[Anonymous No.49783177]

>>49783091
Only option for mass usage is centralized stablecoin, like Diem was supposed to be.

Ponzicoins are for gambling and scamming.

[Anonymous No.49783242]

>>49777509
>look BTC is money
But why is it so volatile?
>because its low market cap
But it seems as volatile as 5 years ago when market cap was significantly lower.
>Does not matter its real hedge agains inflation
So why is it goig down and not up?
>It .... its manipulation ok, the market is manipulat
Same like gold and silver market, so both bitcoin and gold should be both priced higher?
>No nononon gold is useless
Why?
>Because bitcoin is money

[Anonymous No.49783379]

>>49777509
>ponzi
lol, it wasn't even a reply to anything
just unprompted "it not le scam sir plz bui!"

[Anonymous No.49783494]

Remember guys, if you can't HODL, you won't be rich!

[Anonymous No.49783566]

Bitcoin could be $1 and it would have the exact same utility. Nice argument I guess

[Anonymous No.49783616]

>>49777509
Funds are safu. Thank god for that.

[Anonymous No.49783661]

cz is a fucking monopolist who bought cmc just to pump his in house stable of copycat shitcoins. he offers staking rewards for storing his competition's coins on his exchange so that he can control the price. Anyone who thinks he is anything but a cancer on crypto should buy some Luna, a ponzi he had a major hand in perpetrating. I wish this faggot bitch would shut the fuck up.

[Anonymous No.49783706]

>>49783379
It was not necessary to @ anyone when normies are all spamming ponzi and scam because BTC is trading at 20k instead of 40k.

[massive cope No.49783890]

>>49777509
>stocks are equally volatile, if not more so
AAAAAHAHAHAHAHAHAHAHAHA

[Anonymous No.49784100]

Yeah few hundred million people are using crypto for all those utility purposes like remittances and totally not just gambling like Degen's on crypto.

Why is it that every big name in Crypto space is dumb as rock?

[Anonymous No.49784240]

>>49783890
the boomers who held tech stocks aren't laughing

[Anonymous No.49784850]

>>49777611
“Early internet” analogies are so tired at this point. Can’t you guys find another analogy, like the railroad or electricity? Make it a little more interesting

[Anonymous No.49784898]

>>49777536
>>49777560
https://decrypt.co/47061/public-companies-biggest-bitcoin-portfolios?amp=1

[Anonymous No.49784913]

>>49777825
Is there any cryptocurrency that is NOT a ponzi? By the way, I agree with you on all points.

[Anonymous No.49784940]

>>49777574
The bitcoin price—dropping under the psychological $20,000 barrier that it first topped in late 2017 before entering a three-year bear market—has lost around $10,000 from its price since earlier this month asfears over Federal Reserve monetary tightening and the rising risk of a recession drag on asset prices across the board. Ethereum and other major cryptocurrencies BNBBNB, XRPXRP, solana and cardano have all crashed along with the bitcoin price..

https://www.google.com/amp/s/www.forbes.com/sites/billybambrough/2022/06/18/stark-10000-warning-as-massive-meltdown-sends-bitcoin-price-crashing-under-20000-tanking-ethereum-bnb-xrp-solana-and-cardano/amp/

Nope, wrong again.

[Anonymous No.49784958]

>>49777639
>cope
You seem to be doing alot of it.

[Anonymous No.49784972]

>>49777825
Stop using ponzi incorrectly.

[Anonymous No.49784993]

>>49777825
https://www.google.com/amp/s/www.outlookindia.com/business/are-cryptocurrencies-really-like-ponzi-schemes-here-s-what-experts-have-to-say-news-182567/amp

Ponzi scheme promises high returns with minimal risk, whereas crypto trading is quite volatile due to market conditions, regulator challenges, and other factors, which gives investors an opportunity to earn high returns but while they face high risk.

"Clubbing crypto assets with Ponzi schemes is grossly unfair. Multi-level marketing schemes and chit fund schemes that promise steep returns would qualify as Ponzi schemes," says Sharat Chandra, vice-president, research and strategy, EarthID, a global decentralized self-sovereign identity management platform.

[Anonymous No.49785028]

>>49777825
https://medium.datadriveninvestor.com/why-simply-calling-bitcoin-a-ponzi-scheme-is-lazy-thinking-a3dfc67c25e

1. People invest into it because they expect good profits,1 and

2. that expectation is sustained by such profits being paid to those who choose to cash out. However,

3. there is no external source of revenue for those payoffs. Instead,

4. the payoffs come entirely from new investment money, while

5. the operators take away a large portion of this money.

[Anonymous No.49785051]

>>49777509
Doesn't matter how much shit you spout, you will never have fundamental value

[Anonymous No.49785061]

>>49778007
>This is the definition of a Ponzi scheme.
No it isn't, you think everything is a fucking ponzi scheme becaise you retard don't know what a ponzi means.

[Anonymous No.49785077]

>>49778165
>Yeah but these people have no idea what they’re doing and make no effort to actually learn what the tech is.
Stop projecting your self on to me.

[Anonymous No.49785094]

>>49778241
>It's a ponzi
Nope.
Words have definitions for a reason.

[Anonymous No.49785121]

>>49777509
This guy eats bats

[Anonymous No.49785134]

>>49778273
https://www.bitpanda.com/academy/en/lessons/five-use-cases-of-cryptocurrencies/
Here you go, stupid little children.

[Anonymous No.49785137]

>>49777509
Oh wow, he's just parroting Craig Wright, but using it in a disingenuous manner. Any of you fags fucking around with this trash deserve maximum pain.

[Anonymous No.49785162]

>>49777509
based
bull run's back on bros!!

[Anonymous No.49785206]

>>49777611
>Crypto is in stage of early internet. Just entering into mass usage.

can't wait to see people still making this argument in 2050

[Anonymous No.49785290]

>>49777509
Bitcoin holding companies are.

[Anonymous No.49785300]

>>49785206
Have fun buying back in at the top, retard. Morons like you show up every cycle and fail to buy the bottom.
>"IT'S OVER THIS TIME FOR REALSIES!!!"
kek

[Anonymous No.49785317]

>>49778007
isn't that true of any investment? i don't buy bonds or stocks because they have any value to me beyond growing in value.

[Anonymous No.49785423]

>>49785317
All non-dividend paying stocks are literally worse speculative ponzis than any shitcoin. At least a shitcoin has an actual network associated with its token. Ignore these cucks.

[Anonymous No.49785446]

>>49777611
Krauss...

[Anonymous No.49785478]

>>49777509
i only hold utility coins and i'll continue to buy them every week throughout this bear market because i believe in the long term and can't predict the future. the only thing i wouldn't invest in is btc to eth, which are gay as hell

[Anonymous No.49785486]

>>49777509
>BTC is NOT a ponzi
But Tether, which backs BTC price is. When Tether collapse, and it will, BTC drops like nothing you have seen so far.

[Anonymous No.49785767]

>>49785206
If you think Fagman companies made their money with tried and true ways such as investing to gold, silver and ammo you are sorely mistaken.

Technological advancement will only accelerate and data is valuable asset in 2050. I agree with bitcoin having to go at some point. Same as early PC softwares have had to make way.

[Anonymous No.49785953]

>>49785767
>Technological advancement will only accelerate
>letmelaughevenharder.gif
moonboys on a civilizational level

[Anonymous No.49786289]

>>49778007
If that's what you believe then it's simple, don't buy it. But gold or something.

[Anonymous No.49786386]

I never got the ponzi angle

>you pay early investors!
so do you by buying a stock
>stocks have dividends!
except dividends dont explain stock prices, look up the equity premium puzzle as well as the dividend discount model and why it was modified. we literally dont know why stocks have value to a good extent
>they still have them, crypto doesnt!
neither have forex or future markets
>BTC is negative sum though!
you can transfer value with btc, which is utility, its price fundamentally speaking is the excess value someone gains from this and ends up being paid to miners, look up metcalfes law

saying its negative sum because it literally doesnt print money is completely retarded, but hey so are the people blindly repeating shit in general

[Anonymous No.49786781]

>>49778322
How the fuck are we in a bull trap you complete retard, its not bounced at all, its the lowest its dumped in 5 years.

[Anonymous No.49786847]

>>49784898
Its funny for bitcoin 0.01% own like 25% of supply.

[Anonymous No.49786885]

>>49786386
Behind every stock is a real company with a real name dumbtard
Now use your brain

[Anonymous No.49787069]

>>49786885
Except the stock has no function outside of being a speculative asset you retard. The company's performance has nothing to do with the actual stock value. Look at fucking Tesla, the most overvalued piece of shit stock on the market.

[Anonymous No.49787170]

>>49785094
Break out you chink to Engrish dictionary then, Wing Ping.

[Anonymous No.49787185]

>>49787069
You are really braindamaged tho, stocks are giving you power over companies and their real estate

[Anonymous No.49787239]

>>49778836
He has too. The CCP makes him follow their lines to the tee.

[Anonymous No.49787272]

>>49787185
No they aren't retard. Most stocks don't even let you vote on anything, and even if they did your 500 dollars worth of shit isn't changing anything.
Even shitcoins have an actual network associated with their token.

[Anonymous No.49787363]

>>49777536
>2017 tier shitcoin

Lol

[Anonymous No.49787406]

>>49787272
You are still braindamaged, the stockholders are literally selecting the board, if you have enough stocks you can do that too. Even owning 1 cent of an Audi stock secures you an invite to their yearly board meeting.

[Anonymous No.49787436]

Give me your money and i will make you rich... biz wtf???

[Anonymous No.49787492]

>>49786885
>>49787185

>stocks are giving you power over companies and their real estate
stocks have the lowest liquidation preference among a company's financing options. if apple goes broke, debt will get settled first before you see a single cent. then afterwards often comes other stuff like preferred stock, i.e. the stuff you dont just buy on public exchanges.

the only thing youre entitled to are dividends, hence why the DDM used to be the go-to valuation method for stock. nowadays that doesnt work for many companies though, as the stock market being purely driven by dividend payouts is a nice make-belief by academia. hence why one of the open questions in finance literally is why stocks are valued so highly compared to other asset classes, or put differently even fucking economic researchers have no idea why stocks have the value they have

as i said in my initial post, dividends dont explain basically any derivative. most valuation models dealing with these use the value of the underlying asset as well, and not what drives that value

personally i like the idea of valuing btc and crypto as a network, as thats effectively what currencies also drive their value from

[Anonymous No.49787525]

>>49778273
Banana peel analogy is great. “You can sew together the peels and make a shirt and then sell it”. Yeah technically you could but nobody is actually doing that except to show the value of the banana peels. It’s a “use case” but not a realistic one

[Anonymous No.49787562]

>>49783706
>normies
you bought a useless "electronic coin" for 5 figures, cuck
you're the normie

[Anonymous No.49787622]

>>49787406
>voting rights drive a companys value
this is literally the worst argument you can make compared to crypto, where this also is a thing with PoS and DAOs, and you choose it?

[Anonymous No.49788012]

>>49777509
How many of those millions of users are actually legitimate and not just people who created an account to see what crypto was all about,,maybe accepted the free $5 worth of crypto they give for sighing up?

[Anonymous No.49788843]

>>49778706
pretty much this hes not going to say 'omg you were right guys btc is a ponzi' exactly now is he?