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/biz/ - Business & Finance

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6925663 No.6925663 [Reply] [Original]

>crypto is already mainstream, it got more media coverage than we could have imagined

>every dumb millennial who was meant to feed the bubble is already in hoping that internet monopoly money will rise enough to pay off their tuition

>market cap only 500 billion, most of it will leave the moment there is some real uncertainty

>no more moons

>all the smart money has already pulled out

>> No.6925754

I cashed out 90% of my internet bucks last week and left 10% in just in case and Im already down like 30%. Is this really the end anons?

>> No.6925786
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6925786

>>6925663
>market share in consumer markets: 0%
>crypto is already mainstream
Stop looking at everything from your crypto trader perspective, you faggot.
You know the purpose of currencies is not speculation.
Come back when crypto coins are used by the mainstream to pay for shit.

>> No.6925802

There's real uncertainty now. There is always and always will be real uncertainty you clown.

>> No.6925813

>>6925754
This is smart, buy back in after the decline. Wait a few months and get into BTC at below 8K.

>> No.6925923

>>6925786
Where are we on this chart then?

>> No.6926000

>>6925923
In terms of trading early adopters, in terms of usage not even innovation

>> No.6926132
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6926132

>>6925786
Its close to zero because there is next to zero reason why anybody would want to use a cryptocurrency over regular currency. Once you grow out of the down with the establishment cyberphunk faze people realize why having regulations is actually a good idea.

>> No.6926135

>>6926000
so you are saying we are going to be millionares in a few years? please say that.

>> No.6926319
File: 818 KB, 1700x1095, us_dollar_value.jpg [View same] [iqdb] [saucenao] [google]
6926319

>>6926132
>why anybody would want to use a cryptocurrency over regular currency
>people realize why having regulations is actually a good idea

>> No.6926320

>>6926132
you must not know Vechain yet. You will.

>> No.6926415

>>6926132
no fucking way btc is going back to 800usd. I have no idea where we are going but I think crypto is going to take off again in this year.

crypto crash is good for the wealthy.

crypto stagnation is ok for everyone.

crypto take off is very profitable for everyone.

but what do I know, I am a newbie faggot. Took me too much time to accumulate enough "wealth" to get in to crypo. I missed 2017 oct-nov-december but if the same thing happens in 2018 then we are going to be millionares and the whales are going to be extra fat.

Growing crypto is good for everyone. Crashing crypto is only good for the whales. Thats why Im all in in 2018. Get rich or die trying niggaz.

>> No.6926420

>>6926132
we're already way past that point in the chart.

>> No.6926438

>>6926320
I own VeChain Mr Redditor. Its one of about 8 cryptos which actually aren't worthless

>> No.6926513

>>6926135
Just for you. We will be millionares. Currently sitting at 16k, I believe it is possible. Difficult but possible

>> No.6926517

>>6926132
>not using logarithmic scale
weak FUD honestly

>> No.6926577

>>6925663
You're just talking about the investors/speculators. Wait for some of the non-scam coins with real uses to go live.

>> No.6926615
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6926615

>>6926132
>why having regulations is actually a good idea.

>> No.6926638

>>6926132
>Once you grow out of the down with the establishment cyberphunk faze people realize why having regulations is actually a good idea.
/biz/ and 4chan BTFO

>> No.6926711

>>6925663
i think crypto have at least 2 years before it will stop being profitable as it right now
after that we will start seeing a massive dying on some alts but i dont think crypto as whole will go away

>> No.6926845

>>6926438
I h8 Reddit. Enterprise only blockchain coins for me.

>> No.6926897

>>6925754
I did the same. Anyone with half a brain is going to fiat right now.

>> No.6926914

>>6926438
would love to compare notes

currently, I only own VEN, XLM, CVC, TNT, RCN, SALT. Been stacking more VEN. What other legit enterprise coins ya got (don't say Ripple, i acknowledge it's existence, but won't support).

>> No.6926930

>>6926319
Inflation is a good thing, retard.

>> No.6926954

>>6926897
we much closer to bottom than top now genius, too risky to sell, u get BTFO like December

>> No.6926972
File: 34 KB, 450x313, devaluation_denarius.jpg [View same] [iqdb] [saucenao] [google]
6926972

>>6926930
Keynes please

>> No.6926974

>>6925663

Most normies still think crypto is a scam and the only crypto is Bitcoin. Most of them on Facebook (gamers) STILL think people mine Bitcoin with GPUs. We aren't even close to the top.

>> No.6927002

>>6926974
This is just a lie. My great-aunt owns ripple. Even shitcoins are mainstream.

>> No.6927045

>>6927002
This is a global market Einstein

not even .001 percent own crypto

Ur aunt is a smart one

>> No.6927080

>>6927045
>we’re still early adopters! There are remote tribes in the amazon that haven’t heard of bitcoin yet.

>> No.6927165

>>6927080

Those tribes don't even have cellphones yet over 90% of millennials in the US have a phone. Those same millennials still by and large think crypto is a scam.

>> No.6927198
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6927198

>Boomers think crypto is a ponzi or le evil hacker money
>Gaymers are butthurt beyond imagination due to video card prices, blaming it on crypto instead of manufacturers
>Retarded youtubers make fun of crypto as a way of losing all your money and they feed their content into millions of guillible nigger cattle
>Subhuman niggers are still assblasted about actually being scammed by shit like BCC
>Jihadis still argue if crypto is haram or not
We're still early into this

>> No.6927265

>>6927198
What Can crypto be used for?
Hard mode: don’t link to YouTube

>> No.6927275
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6927275

>>6927198

i hav purxased espers

>> No.6927299

>>6927265
Give me one (1) reason crypto couldn't replace fiat

>> No.6927342

>>6927265
It can be used as a digital asset store, where everyone can invest and not lose their wealth unlike the shitcoin USD

>> No.6927347

>>6927299
I can exchange money for goods when the power is out.

>> No.6927382

>>6927347
Do you really carry physical money?

>> No.6927387

>>6927265
Trustless decentralized ledgers n shiet have many applications, i love VEN's approach to this since it actually gives it a very good practical use which might both increase product value and reduce costs
>>6927299
Too volatile, poor fungibility.

>> No.6927392

>>6927382
Yes.

>> No.6927417

>>6927392
You are in minority also, shop cash system wil not be able to function during power out. People are trained to rely on technology, thus you won't be able to make purchase because cashier doesn't know how to account it.

>> No.6927452

>>6927265
many online retailers including overstock

300k locations in Japan accept crypto

Vechain using blockchain in enterprise

ur an idiot if you aren't all in on good projects literally the easiest time to get rich in history by doing nothing but buying right

>> No.6927504

>>6927265
Crypto's main selling points are being trustless and able to own your assets. Crypto probably will eventually replace stock market and other non-physical assets.

>> No.6927531

>>6927265
for example its safe from government and banks its may be much more useful for people who live in country like Venezuela it may also be useful for people who are censored by government for they option also its still cheaper and faster that using banks for transfer money into another country and in the end if oneday we become cashless society i will rather have control over it that let it on corporrations

>> No.6927565

>>6927347
>when the power is out
your phone can do it m8

>> No.6927578

>>6927565
When power is out, internet doesn't work. But so won't shops either.

>> No.6927598

>>6927347
Cash is obsolescent, and if there's long term blackouts theres much bigger problems going on.

>>6927387
>Too volatile, poor fungibility.
Not inherent to crypto, especially because it's used to speculate by a fraction of a fraction of the population.

Fiat is also volatile, the ruble lost half it's value in a year. Given the West's financial insolvency, it'd be stupid to think the same thing couldn't happen to us.

>> No.6927617
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6927617

>>6927578
>whats data

>> No.6927656

>>6927392
How do you buy things online? Also do you mail cash to your utilities company as well? Thought most only accepted checks or money orders, all backed by digital banking accounts.

>> No.6927678

>>6927504
>crypto will replace the stock market

And you expect me to take advice from you retards

>> No.6927704

>>6926438
what is the other 7?
eth?
icx?
neo?
?

>> No.6927707

>>6927656
So you’re saying that digital transfers already exist? Then we don’t need crypto. Check mate.

>> No.6927711

>>6927678
But it will, it already works much better, isn't centralized, and don't have to trust jew to host your digital number in their server.

>> No.6927713
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6927713

>>6927678
>he thinks it won't and already hasn't in some areas

>> No.6927738

>>6927707
>digital transfers that are facilitated through 3rd parties

Nigger you don't seem to understand, and it appears you lied about using only physical cash.

>> No.6927749

>>6927299

Lose wallet ket, lose all funds
normalfags want customer support

>> No.6927754

>>6926711
>january dip
>people are killing themselves
is everyone here a newfag

>> No.6927779

>>6927749
>what are custodial serves for retards who can't manage their own assets

>> No.6927792

>>6925663
Literally hasn't even started yet.

It's only just arrived in the normiesphere, we are at the beginning of the largest speculative bubble the world has ever seen.

DOTCOM X 1000.

>> No.6927808
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6927808

tfw you got in 2016.
heard the same shit throughout 2017
>BTC at 1K
>2K
>4K
>10K

>> No.6927841

>>6927792
understatement

>> No.6927889

>>6926972
correlation =/= causation, are you seriously implying that less silver content in Roman coins caused the collapse? I've heard some retard tier theories about why Rome fell, but this one is just kind of lame and boring.

I could just as easily say with this chart that declining silver content in Roman currency is just a symptom of a failing empire, e.g if the Empire in a time of economic prosperity (or silver mine prosperity) the % content would rise.

>> No.6927945

>>6927678
You're mentally stunted. Any solidity programmer can make smart contract that functions exactly like stock shares in a couple hundred lines of code. Soon there will be global decentralized crypto stocks. Yes the stock markets backend is going to be replaced by blockchain since it's one of the most obvious and atraiggtforward use cases that benefit from a trustless system.

Goddamn some of you are such low IQ and understand so little of how this entire technology class works.

>> No.6927997

>>6927889
>>6927889
>Rome fell

Rome fell for the exact same reasons as the West
>People got greedy and cared more about personal profit than public service
>Degeneracy rampant
>Low birthrates, need immigrants to run country
>Lack of funds cuz everything spent on War.

>> No.6928025

>>6927945
I agree. We are currently investing in stocks 2.0.

>> No.6928028

>>6927792
This. We're not even close to mainstream adoption, and that's not even mentioning the billion dollar industries that will want in on this shit.

>> No.6928113

>>6928028
With that being said, I think 2018 is the year of regulation.
I don't think the market will grow very fast this year.

>> No.6928124

>>6927997
that has nothing to do with what I'm talking about, but I'm glad some retard that learned his history from /pol/ is here to explain the REAL reasons why Rome fell. Not only that, but you've miraculously managed to draw a direct comparison to an empire that existed 1,000 years ago to our modern day, car driving, internet using world. Nicely done.

>> No.6928139
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6928139

>>6927198
mfw
>nigger cattle

too bad temple os has no ability to use the internet. imagine making a temple-os-wallet and mining on temple os

>> No.6928166

>>6927945
> a trustless system.

This is the core problem.
The system is not trustless in practice.
Miners control btc network
Miners are located in physical countries
Vitalik controls ETH. Didn't like transaction and created fork

I agree that blockchain makes more convenient platform for buying and selling securities.But I am not sure that the platform is secure enough to trust fortune 500 co vs shitty penny stocks.

>> No.6928183

>>6927945
chainlink will do it?

>> No.6928190

niggers:

" 'Just kids having fun.' Bitcoin has a $100-400B market cap, depending on the precise second. Global markets are about to cross the $100,000 Billion threshold."


https://meanderful.blogspot.com.es/2017/12/is-that-bubble-thats-bubble.html


So keep buying shitheads, still a long way to go.

>> No.6928200

>>6928124
times change. people don't
technology does not change human nature
technology does not increase IQ

>> No.6928226

>>6927198
Crypto is halal if it is used to perform Jihad

>> No.6928238

>>6928166
It's much more trustless than the current system though. And there's ongoing research to make it better all the time.

>> No.6928256

>>6925663
> work in a CS renowned lab
> only one colleague has mined DOGE
> none of them have even BTC
> most think the whole thing is just a big ponzi
crypto still has some good days left

>> No.6928292

>>6928200
Technology doesn't change human nature? What? What fucking homosapien 20,000 years ago could spend all day at home sitting on his playing vidya games and be supplied for entirely by his parents for his entire life?
>technology does not increase IQ
ok glad to know you're baiting

>> No.6928589

Im sick of the uncertainty and tug of war of emotions. Its either "the bubbles popped" or "this is just the beginning". Well which one tf is it /biz/

>> No.6928592

>>6928292
>What fucking homosapien 20,000 years ago could spend all day at home sitting on his playing vidya games and be supplied for entirely by his parents for his entire life?

I must be talking to a brainlet.

People play video games because they stimulate parts of the brain responsible for social behavior or accomplishments.
Those areas exist 20,000 it was an advantage to be social to work with other people and accomplish goals like getting food to not die
Video games trick those areas with stuff like achievements. They are like fake drugs for the brain.

>> No.6928621

>>6928589
>he bubbles popped
popped.
everyone exhausted.
regulation everywhere
wont see growth until real good news
LN scam.

>> No.6928677
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6928677

>>6926132
Updated image, we are seeing now the beginning of the end

>> No.6928679
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6928679

>>6925663

crypto is fucking done. i dont even want to read all this stupid statements in here.

it was shilled in 2017 nearly every fucking day on the news. u have got people like katy perry, floyd, 50 cent go full pajeet.

what more do u want u faggots? where should all the new money come from?

i am still invested because i am down so much. but i dont see crypto going anywhere.

>> No.6928733

>>6928679
Only people who think of crypto as way to get rich in fiat say this. They don't even understand what the fuck they are playing with.

>> No.6928768

>>6927299
Wars are started over this kinda of shit, does no one in the crypto sphere have any grasp of history¿
Ask gaddafi how well trying to start a gold backed African currency worked out for him, or Saddam wanting to sell oil in Euros rather then dollars.
You really think digital meme money will take on the banking cartels that have controlled this shit for generations?

>> No.6928812

Rofl itt, autistic NEETS living with their parents who haven’t research VEN, NEO, XLM, ETH use cases

>> No.6928829

>>6927417
Proof that the majority of people don't carry cash besides some bullshit anecdote?

>> No.6928862

>>6928768
Actually it is more likely those cartels will start their own crypto and we will live in a complete surveillance state to progress into a military state and then complete opression of 1984 proportions and worse

>> No.6928869

>>6928679
>>6925663
Learn 2 hype cycle

The real value only comes after the initial (empty) hype

The recent mindless media mania is a sign of how early we are in adopting this. No one is reporting objectively on this stuff

>> No.6928891

>>6928679
good, faggot, sell your bags at a loss

>> No.6928967

>>6928113
Yea regulation is by far my main concern at this point.

>> No.6929104

>>6928862
Yep, agreed cool vid to go along with this line of thinking as well, check this guys you tube channel, his name is Snordster, he is awesome.

https://youtu.be/1BfMFOd0-l0

>> No.6929261
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6929261

>>6928679
>i am still invested
>but i dont see crypto going anywhere

>> No.6929390

>>6925786
Are you really stupid enough to believe you go from A to Z in one bull market? What?

>> No.6929408

I'm thinking more like QASH might be the one he refers to, liquidity is still a huge problem and a possible gap in the market. But to say its the next Google or Apple is a bit of an overstatement

>> No.6929417

>>6928592
https://en.wikipedia.org/wiki/Transgenerational_epigenetic_inheritance

Nope, you're even wrong on that note. You don't have a wealth of knowledge on biology or history so why are you speaking about either? You must know it yourself as well, so why would you spread lies on the internet, anon? Is it intentional? Is it unintentional? I doubt you'll admit ever in this thread that you don't know what you're talking about, but I'd suggest doing research before trying to make arguments to make sure people who know what you're saying is wrong can't call it out easily.

Never mind that you're just playing the semantics game, technology has changed a ludicrous amount. Do you think that we are stationary in our genetics? Do you think the environment has no effect on humanity? I feel like I already know what kind of person you are just from these few sentences you've typed, wow.

>> No.6929442

>>6927808
Tfw you got in 2012 and have already watched the crypto retards believe it is impossible to have bear markets and you have lived through multiple. Ok.

>> No.6929512

>>6929390
What?

>> No.6929554

>>6929408

I already have an ok amount of this, thinking of getting more as the hype appears to be building.

>> No.6929671

>>6929512
You do not go from zero crypto adoption to global adoption in one bull market. There are several bulls and bears along the way. Yes it will go higher eventually but not after tanking first. Are you stupid enough to believe we will hit global adoption without having a couple bear markets that last years? You think the market will go from a market cap of a few billion to $200 trillion without experiencing bear markets? Are you 6?

>> No.6929679

>>6928768
>haha do you really think that republicans will take on the monarchs that have controlled this shit for generations?
>haha do you really think that teenagers will take on the politburo that have controlled this shit for generations?

>> No.6929725

>>6928812
It doesn't matter if they have usecases prices are still going to tank because btc is still going on a downtrend and taking everything with it.

>> No.6929749

>>6929104
>chulip manea
closed

>> No.6929813

Regardless of whether crypto has popped or not, it's the future

As long as people are using it, it has value

As long as people are using the internet and computers, it will have value

Crypto and the internet compliment each other in perfect harmony

>> No.6929861

Just crash or moon already you fucking piece of shit market I'm tired and bored of waiting.

>> No.6930071

>>6928113
Regulation just will make more nomries buy in.

>> No.6930082

>>6929671
Are YOU stupid? I never said or even implied any of that.
OP claimed that crypto coins are already mainstream which is factually false.
Wait a moment, you didn't take that idealized chart literally, did you?
You're not that stupid, are you?

>> No.6930144

>>6928589
We are in the middle of a correction, because it grew very fast in the last months. Might even go dwn a little more from here. But its by no means "over".

>> No.6930203

>>6925663
Crypto isn't mainstream famalam. Come talk to me when normies figure out how to use etherdelta

>> No.6930264

>>6927198
>>Jihadis still argue if crypto is haram or not
I keked at this

>> No.6930307

>>6926897
wrong, the correction is mostly over, you're going to get fucked when you wake up in the next few days/weeks and see $15k+ BTC and the rest of the market up 30-40%

>> No.6930343
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6930343

>>6925663
>crypto is already mainstream, it got more media coverage than we could have imagined

well daa? where do you think the money comes from? the more normies in the zero sum game the better

>> No.6930395

>>6928292
technology doesn't increase IQ though, there have been many debates about this and the consensus is that Ancient Egyptians, for example, were just as intelligent as we are today but had more restrictions due to the technology of the times. People conversed the same way we do today, they just discussed different sorts of things.

>> No.6930442

discord invite code: BhfDyN

shhh.

>> No.6930520

>>6927265
You can buy bitcoin mining hardware from china. Directly, without using any (((middlemen))). You pay the network and anyone can join the network.

>> No.6930620

>>6926132
i never take that pic seriously because it implies the bubble was created within what like 2-3 months? doesnt sound likely to me

>> No.6930709

Bitcoin is mainstream.

How many fucking people know Coss, chainlink, int, and metaverse.

We got a good 3yrs motherfuckers were gonna make it if you stay on top of stuff

>> No.6930730
File: 627 KB, 640x1136, D35ED2F0-7B33-4F2E-8DC5-5BB88A102101.png [View same] [iqdb] [saucenao] [google]
6930730

>>6927754
>dip

>> No.6930824

>>6926974
>>6927002
Literal township niggers in South Africa own bitcoin now, I am not even joking.

>> No.6931580

>>6929417
Okay now you are just trying to hard. Dial back the autism dude. Think about it in simpler terms.
The guy you are talking to is right: Human nature does not fundamentally change with technology. People 1,000 years ago didn't have vidya but there was still a class of spoiled and wealthy elite who indulged in luxury and diversion and a class that toiled and did all the work.
There weren't any credit cards but there were was a caste that had all the gold and land and slaves and caste that had nothing but adobe huts and a bucket to shit in.

Bottom line: People prefer idleness to work, and they prefer to hoard wealth rather than share it. They are greedy, lazy, dumb animals who only work when if they have to to survive, and while the nature of money and its functionality may change, the disproportionate distribution of wealth will not.

If you really think that a couple centuries of industrial mechanization and a half century of digitization have radically altered a 100,000 year old species down to a fundamental level then I think you must be confused.

>> No.6931844

>>6927945
should i all in to stinky linky?

>> No.6931917

>>6925663
Dotcom bubble reached 3-5trln before bursting.
Given the inflation that has happened since and the world wide phenomena of cryptocurrency it has a long way to go - 10 trln sounds reasonable to me.

>> No.6932022

>>6927265
Heroin has always been the go to.

I dare you to find a more steady hold of value and sheer value per weight.

Are you ready?
On a good day you can sell one singular gram for one hundred and fifty dollars if you're not dealing with black people on either end. They are not allowed into the -good- market. Because a) native Mexicans are super racist and thus super strict about to whom you can talk to and B) its been tried nine thousand times and they fuck it up every time.

Now let's say you survive and make friends. You pay 30/150, not even up front, and the rest is at your leisure. This is contractor/keeping friends safe pricing. Aka non native pricing.

>what does this have to do with (_)coin

Everything. Between Guadalajara and (x) there's about four stops on the way and hungry bear at each stop. Not all of these are employees. They're contractors. Middlemen.
Bitcoin is, has, and will continue to grease that groove far away from these middlemen and make the two parties that matter considerably profit with less than half of what has been standard in between them.

>Dumb junkies can't figure out Bitcoin
AHH but these are selected addicts. Targeted actually. You could even say hunted. Middle class whites. Cash fluid, family connections. Holding carnal knowledge of each of their cities as well.

This move has been in full swing since 2009 and cryptocurrency will fuel that fire like nothing you have ever seen in your life. The price is steady across every region it ends at. the cost of production and transport steadily decreases every. Single. Year.

>Le fuck U
Heroin is sold in a more ethical manner than any corporate product in America. You are told what it does. You are encouraged to quit by the man handing it to you. There are no discrepancies. Yet American lawmakers let pyramid schemes and Peter poppoff wannabe fuckheads run riot. You encourage loans.They work hard. They tell no lies. There is no misconception.

>> No.6932182

>>6932022
Cont.

>30/150 isn't much money at all
80g in 24 hours if you're a slackass, and you're beating any job you've ever had our will ever attain.

>Le I'm not doing that
Someone will. Someone invariably dumber and more reckless and all will go par for the course. They'll go to jail. They'll Snitch. They weren't careful but will still blame it on police in general. Se la vie