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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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56882293 No.56882293 [Reply] [Original]

The next dot com bubble is unironically getting started. Every single tradfi group is primed up and ready to buy and shill Bitcoin and crypto to the masses and your grandma. Multiple ETFs are going to be approved together. They're going to shill it to all, they're going to call Bitcoin the next gold. Every single investment manager is going to say you need to put 10% of your retirement into Bitcoin(via a Bitcoin ETF with a 0.5% a year management fee, of course). They'll say it's too risky to not buy. You're going to see crypto being talked about daily for 1 whole year straight. It's not just going to be everyone you know putting a few hundred or thousand dollars into random dogcoins - you're going to hear stories of multiple people you know quitting their jobs to trade crypto in 2024/2025. You're going to hear a few of them becoming millionaires, turbo retarded normies becoming millionaires.

God I can't wait for this shit. You thought 2021 was bumfuck retarded? Wait until you see 2024 and 2025.

>> No.56882380

>>56882293
If you read this sub you’ll find that very few are about the price either way, because the price isn’t reflective of any degree of usefulness , it’s purely driven by market sentiment and manipulation.

This sub is mostly criticism of the fundamentals. Yes a lot of people have made money from Bitcoin / crypto. More people have lost money. Too many have lost everything. That is not a good thing, it is a bad thing, and it will continue to get worse.

The Bitcoin price will continue to oscillate, and possibly grow to $100K+ or even higher, maybe (but unlikely) there will even be temporary pockets of adoption in some areas. But that doesn’t make it a good thing, it will just lead to more pain, criminality and worsening inequality.

Just to be clear, I don’t believe Bitcoin is a scam in the true sense (although almost all other cryptos are definitely scams). I suspect Satoshi et al were genuinely trying to create something useful to the world, but didn’t have a sufficiently good grounding in economics to understand why it almost certainly wont be adopted at scale and would be bad if it did. Bitcoiners still share that naïvety and use price rises as evidence that it must be a good thing, whereas all they are really doing is reinforcing the shared delusion.

>> No.56882412
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56882412

>>56882293
I'm fuckin ready. Get your risk on, niggers.

>> No.56882458
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56882458

>>56882293
Link will unironically go to $1000. My body is ready.

>> No.56882469
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56882469

>>56882293
I didn't read But have you heard of polkadot?

>> No.56882547

>>56882293
I hope you all have Everest ID

>> No.56883005

>>56882380
based spoon feeder

>> No.56883084

>>56882380
>this sub
Go back.

>> No.56883187

Dotcom adjusted to inflation+scale (Crypto value proposition is higher in the large scheme of things) will put Crypto at $20T+

>> No.56883197

>>56883187
>IT'S PRICE'S IN