/biz/ - Business & Finance

[None !!IBxrzCAyJar No.55022151]

Day 666 of snailposting every day until BTC is at 100k

[Anonymous No.55022179]

>>55022151
Based snail posting fren

[Anonymous No.55022181]

>>55022151
bruh. 666. And Powell speaking today. Is this a sign?

[Anonymous No.55022197]

>>55022181
>longer higher

[Anonymous No.55022201]

>>55022151
Day WHAT?!

[Anonymous No.55022214]

>>55022151
you didn't make the lil devil snail

[Anonymous No.55022221]

>>55022151
Thread Theme:
https://youtu.be/uvPeKB20-do

[Anonymous No.55022273]

>>55022214
This. I am deeply disappointed.

[None !!IBxrzCAyJar No.55022302]

>>55022214
I'll get to it eventually, but I'm a little slow.

[Anonymous No.55022325]

There is no better store of value.

[Anonymous No.55022374]

Here you go, time for ~~black swan~~ Devil Snail event

[Anonymous No.55022393]

>>55022374
God dammit, someone trolled me on google on how to do strike through on 4chan

[del]test[/del]

[Anonymous No.55022397]

>>55022374
AAaaAAAAAAAA

[Anonymous No.55022440]

>>55022325
>shaves 50% of its value

So this is the power of inflation protection

[Anonymous No.55022482]

>>55022393
go back

[Anonymous No.55022546]

>>55022482
suck my cock fagt

[Anonymous No.55022585]

>>55022440
It's still up 200% from two years ago before the record US money printing retard. The price stopped sky rocketing when the US stopped printing money by the trillions of dollars. This is going to change when they raise the debt ceiling again. The US is $30+ trillion in debt. By 2040 they will be $60 trillion in debt. By 2050, they will be $120 trillion in debt.
The US government, right now, is paying $1 trillion in interest payments alone for this year. These politicians are worse than an 18 year old with a credit card. Everything will continue to rise in price against the USD, including BTC. Good day.

[Anonymous No.55022626]

>>55022585
>higher for longer
>incomes stagnating
>margins of profit not found
aha

[Anonymous No.55022627]

>>55022585
I mean everything went up by a lot when the US was printing money. I'm a full-on turbo craptotard, but, imo, it's going to take a while before BTC can become a full-on hedge against inflation. Until then it's going to swing a lot in value.

Unless something better is made before then, not that i have anything in mind, or think BTC isn't good enough.

[Anonymous No.55022636]

>>55022585
>It's still up 200% from two years ago

Down >50% from last year
Up >200% from the year prior

Wow this really inspires confidence for a sustainable store of value

>muh debt blah blah
>everything will rise against USD

Yes but that makes it even less likely that people will use a digital currency that is expensive, very slow and less private than USD

Please turn off TFTC for your own benefit, they are retarded

[Anonymous No.55022645]

>>55022626
Sorry, I don't speak ebonics.

[Anonymous No.55022685]

>>55022627
>Until then it's going to swing a lot in value.
The only thing swinging wildly in value, is the USD. 1 BTC is still 1 BTC.
>>55022636
>Wow this really inspires confidence for a sustainable store of value
Hey retard, it's not the price of BTC wildly moving. It's the value of the USD.

[Anonymous No.55022735]

>>55022685
>Hey retard, it's not the price of BTC wildly moving. It's the value of the USD.

That must be why my groceries decreased 50% in price over the past year after a 200% increase the year before

>n-no it doesn't decrease in price evenly across commodities

Then it is the price of BTC moving wildly you fucking retard

Please stop listening to Marty Bent say this dumb shit

[Anonymous No.55022763]

>>55022685
bruh. BTC swings a lot in value compared to literally all other currencies as well. It's closer and closer tied to SP500 movement and other macro macro economics.

Everything is controlled by supply and demand. And for now, the demand is simply not at the point, where the price won't fluctuate a shitton, simply because it hasn't really proven it's worth yet.

Until people have a proper understanding of how crypto works, vs how our Fintech works, the majority is NOT in the hand of early adopters in crypto (exchanges and market makers/liquidity providers), and until there aren't more (3rd world) countries using it as currency, it's going to stay volatile and not dependable.

[Anonymous No.55022849]

>>55022763
>Hey retard, it's not the price of BTC wildly moving. It's the value of the USD.

As someone who worked in the industry, I can tell you there is zero (0) chance of this happening

Bitcoiners typically tend to forget that most people really do not give a shit how it works, and do not give a shit about the problem its intended to solve. In fact, when the situation is explained to them, you find they're actually happier to pay a bank to take all the custodial risk for them, they don't want to be responsible for securing their own money. This is why banks exist in the first place. Everyone being able to view your transactions publicly is also a non-starter for 99% of people.

When it emerged that Bitcoin wasn't going to scale without taking it off-chain (defeating the point), the narrative shifted to muh store of value, which has completely failed with normies - it's viewed as a speculative insturment precisely because it is, only retards would keep more than a nominal % of their wealth in it

So far Monero is the only crypto that has succeeded in its goals because it realised it was a currency for usage-only, by people who needed or wanted to hide their transactions. That's it.

[Anonymous No.55022862]

>>55022849
meant to quote
>Until people have a proper understanding of how crypto works...

[Anonymous No.55022937]

>>55022151
Keep up the good work, anon.

[Anonymous No.55023104]

>>55022849
And i have some understanding of how the Tech of the banks work, and from my perspective, Crypto in general is a more effective tool.

Idk if it will be BTC that will "be victorious." or PoS or PoW, but one day Banks will 100% be using cryptocurrency, and i'm not talking about blockchain technology.

They will end up saving so much money, and at some point, there will simply be too much competition from DeFi, so they will be forced to use it.

Sorry, should maybe have specified that i meant the upper half of most people. Not the average citizen, but not just a small group either. Especially when large groups of people without an IT background has a decent grasp on it.

[Anonymous No.55023113]

>>55022221
Based

[Anonymous No.55023144]

>>55022849
It would need a capital control event and banking failure that is bigger than 2009 and the current one for normals to understand the purpose, which they will forget as soon as the system stabilizes.
So unless governments and corporation go, for whatever reason full on authocratic dystopian control, normans will not get it and you are right. And even in the event of such a situation most normans will just bow down to whatever dystopian "solution" they get offered by the biggest faggots in the room

Its unfortunatelly likely ogre

[Anonymous No.55023165]

>>55022214
You had one job OP
this shit aint bussin fr

[Anonymous No.55023175]

Y'all got any more of that wash trading?

[Anonymous No.55023187]

>>55022849
i don't know bro, the digital gold narrative is what works for me. Gold is a store of value, and its price can also see big swings over time. The difference being that it's terrible to physically move, you can't pass the border with a car full of gold bars, same goes for planes etc. Gold-like store of value which you have with you at everytime, everywhere you go, that's all. The global ledger ensures that, unlike a physical object that can be just taken from your pocket or house, no one can claim that a certain sum of btc doesn't belong to you - the whole world knows which wallet it belongs to. There is (a lot of) intrinsic value in these properties.
>and do not give a shit about the problem its intended to solve
The problems are the same that gold fixes, but btc fixes them better. Simple as that. So in your narrative the average normie is probably not interested in gold either; if they are, then they'll eventually see the value in btc.

[Anonymous No.55023221]

>>55022735
You can model houses, which fluctuated wildly in price, vs. the USD.
You can model Lumber, which fluctuated wildly in price, vs. the USD.
You can model eggs, which fluctuated widly in price, vs. the USD.

It's not BTC that's failing to be stable. It's everything priced in USD.
>>55022763
>bruh. BTC swings a lot in value compared to literally all other currencies as well.
What other currencies? The Yuan? It's pegged to the USD. The Argentinian Peso, the Turkish Lira? Wildly moving. The Euro? Wild and crazy. It lost so much value even compare to the USD. It used to be 2:1 to the USD, now it's close to 1:1. Yeah, jew fiat fluctuates wildly. Governments print it like crazy.

[Anonymous No.55023268]

>>55023175
>Y'all got any more of that wash trading?
This isn't JPM's silver market. All transactions are publicly viewable on BTC. That's what keeps the ledger working.

[Anonymous No.55023333]

>>55023268

Wash trading takes place on exchanges and thus isn't viewable on the blockchain.

[Anonymous No.55023369]

happy day 666 everyone

[Anonymous No.55023393]

>>55023333
There's no transaction if it doesn't change wallets.
Even on exchanges, they have individual wallets for each user.

[Anonymous No.55023502]

>>55022151
Wouldn't it be funny if Bitcoin gets to a ATH of 99K and you have to wait 4 more years?

[Anonymous No.55023513]

>>55023333
true, but exchanges have an interest in keeping the game running, while onchain the faggots with chat bots and mev just want to exctract fiat, which makes it less rational to be onchain. and the shit on chain reached such levels that it is more rational to be on a cex. Thats why I abandoned onchain, as counter intuitive as it may sound

[Anonymous No.55023515]

>>55023187
>Gold is terrible to move
Maybe if you're one of the 2,640 billionaires in the world. For the rest of us, I don't think its a significant problem. $1 million worth of gold weighs about 35 lb (16 kilos) and can fit in a regular suitcase.

[Anonymous No.55023525]

>>55023393
>There's no transaction if it doesn't change wallets.

Buy/sell trades on an exchange happen on their SQL ledger, not the blockchain.


>Even on exchanges, they have individual wallets for each user.

Yeah, for deposits and withdrawals. Everything else happens off-chain.

[None !!IBxrzCAyJar No.55023534]

>>55023393
He's an upset Monero holder, that's all.

[Anonymous No.55023539]

>>55023513
>exchanges have an interest in keeping the game running,

Eventually the music stops.

[Anonymous No.55023562]

>>55023539
>t. onchain sniper
Nigger I am not going to be your meal

[Anonymous No.55023563]

>>55023534
>He's an upset Monero holder, that's all.

Muh price action

[Anonymous No.55023591]

>>55023515
that sounds nice, but btc weighs 0 and the passphrase can fit in your mind. Good luck moving even 1kg of gold thru a national border. If your value is stored in a physcal object, you'll always have to worry about two points of failure (yourself and the object) instead of one

[Anonymous No.55023623]

>>55023515
You can't legally fly that much gold on a commercial flight out of the US. An even more corrupt country might arrest you on false charges and just take that gold from you.

[Anonymous No.55023717]

>>55023591
Yeah. I think moving wealth across national borders is maybe the one real use-case bitcoin has.
It seems to me like its still a major problem to not be anonymous though. Pretty sure there are laws against moving undeclared currency across borders. If you have to declare it since its on a public blockchain, wouldn't you be better off just using legacy finance at that point?

[Anonymous No.55023939]

>>55022151
AAHAAHHAAHAHHAHAHAHAHAHAHAAH

TWO MORE YEARS SNAIL IDIOT.

[Anonymous No.55026291]

>>55022151

[Anonymous No.55026352]

I will officially sell all my ETH for BTC in this happy occasion.
I dont care anymore and need to relax my mind, ill become a BTC maxi and if it goes to hell well thats fine, if we boom well im in business

Hang in there snail friend, we support you

[Anonymous No.55026357]

>>55022151
Baesd

[Anonymous No.55026382]

>>55026352
you are a smart froggo

[Anonymous No.55026681]

i can't leave this board and crypto until this snail fulfills his destiny

[Anonymous No.55026732]

Snail of the beast

[Anonymous No.55027125]

I am with you

[Anonymous No.55027144]

>>55022636
Kek tftc. I actually enjoy listening to that while I'm at the gym.

[Anonymous No.55027193]

>>55022374
>>55022393
>>/test/
>>55022763
>controlled
https://medium.com/hackernoon/meet-spoofy-how-a-single-entity-dominates-the-price-of-bitcoin-39c711d28eb4
>>55023104
based. 21m, 1 million can hold 21 or 21m can hold 2.1. stack up.

[Anonymous No.55028541]

bitcoin CASH

[Anonymous No.55028620]

>>55026352
Or the reverse? ETH has more potential. I flip BTC and buy the ETH dip. Better accumulate alts for the eminent bull. LINK and AVAX are good picks. Might add ACOIN and NXRA also.

[Anonymous No.55028910]

>>55028620
Sell signal on alts. Thanks for the confirmation of what I already know

[Anonymous No.55029082]

>>55022151

[Anonymous No.55029098]

666k

[None !!IBxrzCAyJar No.55029164]

>>55029082
>>55029098
This is way too deep into the uncanny valley

[Anonymous No.55029178]

>>55029082
>>55029098
fuckin raise your denoise and quit using euler a you fucking retard. get a better model too, fucking hell. AI and he still can't take a proper photo. NGMI.

[Anonymous No.55029218]

>>55022151
66 get

[Anonymous No.55029231]

>>55029178
stfu she's perfect

[Anonymous No.55029240]

>>55029231

[Anonymous No.55029247]

>>55029240
Ai is really shit

[Anonymous No.55030782]

>>55022151
you didn't post every day consecutively cunt

[Anonymous No.55032200]

>>55022151
We´ll get there litlle snail. 100k is just around the corner

[Anonymous No.55032221]

>>55023333
unchecked quads of noticing

[Anonymous No.55032224]

>>55022151
Day 667
Day 666 thread stays up
The board is finally chill again

[None !!IBxrzCAyJar No.55032241]

>>55029247
There's some good models out there

[Anonymous No.55032265]

>>55032241
Language models might be interesting in half a decade, the image and sound bullshit not worth looking at

[None !!IBxrzCAyJar No.55032326]

>>55032265
I use the voice cloning models to make audiobooks. Still requires a couple takes and some post processing, but the results are way better than the old generation of voice to text.

[Anonymous No.55033398]

>>55028541
This

[Anonymous No.55033517]

>>55028541
Shhhh

[Anonymous No.55033715]

>>55022151
>For the devil sends the beast with wrath
>Because he knows the time is short

[Anonymous No.55033740]

c̷̢̛̙̱̟͇̖͉͓̫̫̑̀̊̒͝u̶̧̨͖̠̩̭̘͈̟̘̺͉͇̳͋͋͂̈̏̈́̎͆̾̿͝͠͝t̶̨̘̻̻̗̘̪͖̆̑̎͝ͅȩ̷̧̧̟̱̠̝̙͖̳̯̈́̌ͅͅ

[Anonymous No.55034134]

Bitcoin will shock the world when it breaks $100k on June 7, 2023.

18 days and counting

[Anonymous No.55034165]

[Anonymous No.55034174]

>>55034165
Fucking look at him lmao