/biz/ - Business & Finance

>>23650523
its the future of money unironically

>>23650528
this

>>23650528
i'm bullish on bitcoin exactly because it's not money.

>>23650523
You had 11 years

>>23650528
fpbp

>>23650571
based retard

I almost have 3.5 BTC. I'm putting them on a Trezor for 20 years. I'll buy a farm in Asia one day and retire.

>>23650523
Corporations and central banks have already started putting it in their treasuries. We're going to meme this thing into the next global reserve. This is your chance, you should be stressing the fuck out buying as much as possible

What if the current price is artificially inflated by Tether printing, there is a massive sell-off at 14K+, and it never recovers?

>>23650641
Chill out faggot

>>23650649
you do not understand bitcoin. RTFM.

>>23650603
>thinking you could safely plug a trezor into a computer in 20 years
Kek good luck lad

>bitcoin is older than Windows XP

>>23650649
Tether market cap is only $16 billion, it has a very minor influence on price

>>23650681
U mean windows 7

>>23650675
There will probably be companies that safely help you. >>23650681

>>23650707
It was only 4b in March though, they are printing like crazy

>>23650742
That's right, they're adjusting to what the new btc market cap will be in 2021

>>23650770
they are adjusting the amount needed to cash out the incoming crash you dumb fuck

>>23650681
And yet, unlike xp or 7 or even windows 10, bitcoin is yet to be hacked

>>23650528
It's not the future of money, but you're early enough that you can make a few bucks.

cute

>>23650801
if green id shorters get rekt

>>23651735
>>23650801
kek has spoken

>>23651735
>>23651757
yeah nah mate

>>23651735
lol

>>23651757
>>>23651757

Fine, I'm buying BTC at 13800

>>23651842
lollllllll

>>23650523
As long as fucker trump doesn’t win he hates btc we’d easily be above 20k by now

>>23650523
Fuck Chinese coin

btc bow to china

fuck that

>>23650528
>"future of money"
>can't scale beyond 7 tps
>10 minutes average time for any transaction (can be far long than that)
>fully bloated transaction pool
>high transaction costs
>development in the hands of incompetents
>almost the entire emission is centralised on few miners using scpecialized equipment in a dictatorial socialist country
>completely deviated from Satoshi's initial purposes
>100% manipulated by exchanges and Tether
>any exchange can literally freeze anyone wallets for no reason at all, and nobody can do anything against it (like any traditional banks, but far worse)
>"future of money"

Imagine thinking this shit can become the future of anything.

>>23650523
Nigger you know about bitcoin and can probably get some. When this shit becomes the world reserve currency your Great grandkids will be glad they aren't feudal serfs because you manage to get .01 BTC.

>>23651989
Ok some of this FUD is actually getting to me, like China having 65% of total hashrate

>>23652162
65% of the hashrate and 90 some % of the manufacturing. You worried about the wrong thing son.
Yes, dont have any Bitcoin and become a feudal slave to China because they own it. Fucking brainlet.

>>23650523
Imagine not having any btc

>>23650649
Listen buy as much as you fucking can now, now amount of negative news can effect it price, when the normies get involved it already to late, stack now fuck the altcoins once the price has stablised at 20k take a loan out against it and buy altcoins only the top ones ETH LINK XMR, NEVER CASH OUT , never pay tax you see how that works kek.

>>23651989
>development in the hands of incompetents
why?

>>23652368
Retards refusing to change anything at all that could demand a hard fork. That make any improvements on the protocol far more hard.
There's also the Blockstream fuckers.

>>23650523
Imagine thinking I'm going to sell my bags because of some poor shitcoining incel trying to fud bitcoin on a mongolian basket weaving forum

>>23650523

Imagine thinking your flavor of the month shitcoin will unseat the king

>>23651989
Notice how not one maxi replied to this post

>>23652663
Its no longer 2017... No one cares.
BTC still dominates the market.

>>23652663
Because they can't face the irrefutable facts I've pointed. But don't think I'm a nocoiner tho. It's easy to get money from that fever thanks to the deluded crypto believers always sharing the log chart and the dumb new investors, plus the exchanges artifially pumping the price up. Hope this continue for some years more.

>>23652693
nice counterargument

>>23650523
>1 post by this id

>>23651989
>>23651989
you're 100% correct, which is why I have sold all my bitcoin for nano

>>23651989
Not really meant for fast transactions, that point doesn't matter

>>23653088
Yes, it matters if the objective is to become global cash, like described by Satoshi, Otherwise, it's just a reserve commodity, like gold.

>>23651989
>

>>23653248
I've never said the hype has ended, neither that it wouldn't reach its ATH again, brainlet. I'm not a nocoiner (like I've said here >>23652788 ). But the fact is: Bitcoin is technically shit, and strongly manipulated and deviated from its initial purposes. It's a nice speculative thing, easy to get money from it.

>>23653248
and it never changes hahaaha I'm glad to see this posts from 2015-2016 its sooo damn funny and karma pilled.

OP is a brainlet but I fixed it for him.
>Imagine thinking BTC is short-term bullish.

>>23651989
>>can't scale beyond 7 tps
wrong
>>10 minutes average time for any transaction (can be far long than that)
for finality on base layer. you can literally send bitcoin now on ethereum if you're so inclined to do so. imagine actually believing all of your scaling concerns will never get solved.
>>fully bloated transaction pool
what does this even mean? what counts as bloat and what counts as a legit transaction to you? do you have some innate authoritarian homo desire to be in charge of what transactions are bloat and what are "good" transactions?
>>high transaction costs
for now, yea
>>development in the hands of incompetents
opinion, i doubt anyone in this thread is capable of really having a valid opinion on this and even then translating that from galaxy brain into something the autists here will understand is even less likely
>>almost the entire emission is centralised on few miners using scpecialized equipment in a dictatorial socialist country
i'm sure there are scenarios for this going sideways but the chinese are huge gay retards so i'm not that concerned. i'm betting on hash power trending away from china without anything exciting happening but this is your only good point imo
>>completely deviated from Satoshi's initial purposes
lol
>>100% manipulated by exchanges and Tether
tether is a scam sure but in the long run i dont think it matters
>>any exchange can literally freeze anyone wallets for no reason at all, and nobody can do anything against it (like any traditional banks, but far worse)
not your keys not your coins faggot
>>"future of money"
btc is gonna be worth 1 mil per cone probably by 2040, id wager a huge bulk of bitcone transactions wont even take place on the bitcorn blockchain immediately and will be transmitted in some kind of batching scheme/second layer nonsense and who's to say if said nonsense has even been invented yet. chainSTINK probably lets you do a lot of shit offchain and still have it be trustless/immutable/anon/etc

>>23653443
>characterlimit
>chainSTINK probably lets you do a lot of shit offchain and still have it be trustless/immutable/anon/etc
btw im talkin about zero knowledge proofs niggaaaaa

>>23652663
Because it's trolling so there is no point in constantly explaining this shit over and over when you faggots only say it as shit posting fud.

>crypto is valued by its utility
imagine actually believing this

CID Cryptid is the demonic love of your tyrant the plan for world domination will be seen forth by your developer tyrant. Join us in The revolution!!!

Website link
crypt-id.com

Discord link
/Mqn3Cz

Telegram link
/CryptidOfficial

Coingecko link
.coingecko.com/en/coins/cryptid

Trading here
app.uniswap.org/#/swap?outputCurrency=0x4599836c212cd988eaccc54c820ee9261cdaac71

New website in the mixed ready for release of tyrants nft

We have big plans hope you pack your bags!!!

>>23653443
>wrong
Literally right. I can't. Unless they hard fork or use a second layer solution (which is pig shit).

>for finality on base layer
Which is what matters.

> you can literally send bitcoin now on ethereum if you're so inclined to do so
WTF? Are you drunk?

>what does this even mean? what counts as bloat and what counts as a legit transaction to you? do you have BLA BLA BLA...
Jesus Christ, you're a brainlet. I'm talking about all the transactions awaiting long hours in the transaction pool because of the technical limitation of the protocol, which isn't something unnusual now.

>high transaction costs for now, yea
For now and forever. Remember: They have no intentions on improving this. And second layer solutions are pigshit (remember the Lightning Network meme)

>opinion, i doubt anyone in this thread is capable of really having a valid opinion on this and BLA BLA BLA...
Anyone could do better than the idiots controlling the official repo.

>i'm sure there are scenarios for this going sideways but the chinese are huge gay retards so i'm not that concerned.
Sure. Why trusting the majority of the hash power in the hands of few unknown miners from a socialist dictatorial country should be a concern, right?

>completely deviated from Satoshi's initial purposes
>"lol"
I bet you have never read the old Satoshi posts at bitcointalk, right? I bet you haven't even read Satoshi's whitepaper.

>tether is a scam sure but in the long run i dont think it matters
LMAO

>not your keys not your coins faggot
That's the point.

>btc is gonna be worth 1 mil per cone probably by 2040
I really hope it happens, I have a lot to win if it happens.

>and will be transmitted in some kind of batching scheme/second layer
Once more, second layer = pigshit.

>>23650523
Bitcoin is pumped by central banks
its the new gold idiot

>>23650523
Imagine thinking that /biz gives sound financial advice. Fucking KEK

>He doesn't HODL
>Literal buy 1, guaranteed early retirement in 5 years
>He'd rather rut around in the slop pit trying to guess the next "100x sir"
Invest in ROPE coin

>>23651989
unironically this

At best, btc will become a store of value for the uber-rich, like bullion. The paypal announcement was bearish as fuck - they don't let you send/receive btc directly because the whole blockchain would slow to a crawl or collapse with that level of mass adoption.

>>23653951
There is nothing between 14k and 20k. Cope hard nocoiner.

The market doesn't care about the FUD you guys are spewing. Normies are still trying to get used to crypto as an idea in general. Bitcoin is the easiest to digest and will be for some time. That's all that matters when in reality they will just buy on PayPal and never actually move the funds until maybe they sell to buy a house or a car. 7tps + lightning will be just fine in these conditions.

Keep fudding what is clearly gonna make money for years to come with your "superior tech" coins that will never get any traction, have weak or malleable economics, are centralized and will eventually trend towards 0.

Just feel blessed that normies have even heard of ethereum. They have not heard of your other random shitcoins and are not interested in buying. I say this as someone with a solid Eth bag as well.

Even if bitcoin gets drug down to 0 you alts are coming with us guaranteed. It's not like defi is any more trustworthy than a bank. At least chase bank doesn't have a 50/50 shot of exit scamming. Defi has a lot of growing up to do before it's even half as good as the shit it's trying to replace. Only BTC has stayed true to the original mission of being something designed to resist government force and you noobs are still too greedy to see it because you want a 1000x instead of fucking near certain 10x this cycle alone.

Anyways, I'm drunk and ranting so my apologies if this shit doesn't make sense but I hope it at least helps one of you maggots realize the truth.

Kiss the ring

>>23650523
Do you people even use gematria?

>>23654370

How does Injective Protocol as a decentralized exchange protocol been able to run its system so successfully well?
Injective Protocol as a protocol has been able to run it's a system well as a result of it's five(5) primary layers that include The Injective Chain, The Exchange Client, The API Provider, The EVM RPC Provider, and The Ethereum Bridge.

>>23650523
It used to be pennies. This is called shitty Risk / Reward. You could likely buy ANY major shitcoin RN and make gains if you held a year or less.

My vote is Tomochain. Just bought Lition (a major project) and should do well. Privacy too.

>>23653721
Lightning works right now, might want update your fud pasta

As more non Chinese hold large positions in BTC, they will realize they need to also contribute hash power to secure their investment, this problem will solve itself

Waiting hours is still better than swift. Maybe another coin will come that is better, but literally all the alternatives have bigger problems now

Satoshi doesn't matter now, the community controls and dictates btc now

>>23650523
If you're that bearish on it then bond your stack with something on Bonded.finance. Worth taking a look at so you don't lose your life savings on monopoly money

>>23655514
>Lightning works right now, might want update your fud pasta
It works so bad that nobody uses it. It's shit.

>As more non Chinese hold large positions in BTC, they will realize they need to also contribute hash power to secure their investment, this problem will solve itself
Guess what they'll do? That's right, mine on a country with cheap electricity and cheap hardware (chinese ASICs). And they'll also use guess what? Yes, one of the four major mining pools, which are chinese too.

>Waiting hours is still better than swift
Boomerswift isn't the only way to transfer money anymore.

>but literally all the alternatives have bigger problems now
I don't think so.

>Satoshi doesn't matter now, the community controls and dictates btc now
Which community? The incompetent lazy repo devs and the few miners who control the hash? Pathetic.

"One CPU, one vote"
I guess most of the deluded believers have never heard that phrase before.

>>23655673
There clearly isnt much demand for lightening, yet. Explain why it's shit

Again, this problem solves itself. Or you think people with millions invested in BTC are unaware of this concern and have no plan to deal with it?

Name a better alternative.

BTC isnt mined on cpus you retard

>>23650523
it's the future settlement system , the usa can't tolerate the deflation of being the reserve currency for much longer and no one trust china to do a reserve currency and they probably don't want because it would fuck their export economy.

Bitcoin unironically will take the place of an energy based bretton woods bancor.

>>23651989
low iq fud, keep chasing uniscams

>>23653443
This 100%

>>23653248
i fucking love that thread

>>23653223
>like described by Satoshi
satoshi set the stage, but that's 10 years a go and a lot has changed around bitcoin since then

>>23653721
>> you can literally send bitcoin now on ethereum if you're so inclined to do so
>WTF? Are you drunk?
wrapped bitcoin

>>23655673
>There clearly isnt much demand for lightening, yet. Explain why it's shit
Yes, there is. The chain is always bloated, so the demand is high for years now.
It's shit because you rely on thirds, not on the Bitcoin protocol itself. And like I always say about second layer solutions: Pigshit.

>Again, this problem solves itself. Or you think people with millions invested in BTC are unaware of this concern and have no plan to deal with it?
What matters if the ones who control the repos are lazy dumbs? And the other ones who can "authorize" any change are the very few ones controlling most of the hashpower. It's a big concern, a major flaw.

>BTC isnt mined on cpus you retard
Holy shit, you're a fucking brainlet, don't you? Of course it isn't anymore. That phrase was Satoshi's initial premise for decentralization (I knew you and most of the brainlets in crypto now wouldn't know it). Now it has completely deviated from that premise, and mining is completely centralised.

>>23654213
no i think you said it well

>>23655912
You just can't refute anything, brainlet.

>>23653721
You want a payment layer coin, bitcoin is a settlement layer coin. The payment layer does not have to use a technology related to the settlement layer, and will have totally different requirements, will make different trade-offs with regards to security, distribution/trustlessness etc.
Personally I don't care about the payment layer, whatever shitcoin wins that is fine by me, but if you think some other coin will take over the settlement layer from bitcoin you are delusional.

>>23655956
>wrapped bitcoin
LMAO
A centralised premined ERC20 token.
That's the shittiest third layer solution I've ever seen. Pathetic.

>>23655997
If you can't use the primary layer itself, it completely defies the purpose of Bitcoin itself. What difference it makes by using it than anything else if you need to trust a third party?

>>23655998
there's over 1.5 billion locked in wrapped bitcoin and you laugh
sounds like no matter what anyone says you're not going to agree with anything

>>23656033
>there's over 1.5 billion locked in wrapped bitcoin and you laugh
Of course I laugh. The creators of that scam must be very happy now (and rich) from the idiots trusting them.
By the way, it's very easy to get money from the brainlets in this mean. Any shitty scam can grab a ton of money and made their creators easily rich. That's why I still hold Bitcoin until the present time. Because crypto is full of retards and newcomers who will always help to pump it to the stratosphere despite of being technically flawed and deviated from its initial concepts.

>>23656009
Requirements for moving large sums and paying for coffee are very different. Why would you want to use the same system for both?

>>23655981
There isn't demand, look up the data

>blah blah
The problem will solve its self, no matter how many times you call people 'dumbs'

Satoshi doesnt matter anymore.
Again- SAYOSHI DOES NOT MATTER ANYMORE.
But since you such a hardon for him here's another of his quotes for you:

>At first, most users would run network nodes, but as the network grows beyond a certain point, it would be left more and more to specialists with server farms of specialized hardware. A server farm would only need to have one node on the network and the rest of the LAN connects with that one node.

still waiting on your 'better' solution

>>23653721
Didn't read all your autistic ramblings in this thread but it's obvious that you don't understand that the main value of cryptocurrencies is decentralization. Now which crypto is the most decentralized? That's right it's bitcoin you retarded fuck.

>>23651989
It can scale. It just doesn't want to.

>>23656142
I'm literally complaining about how Bitcoin has become a centralised thing, and pointed all the facts proving my point.

Look at you answer:
>you don't understand that the main value of cryptocurrencies is decentralization
>Now which crypto is the most decentralized? That's right it's bitcoin you retarded fuck

LMAO
You literally have one digit IQ.

>>23656181
>It just doesn't want to
Yes, because the devs controlling the repo are lazy idiots. Bictoin is really missing some true good heads behind it, like Satoshi, Gavin and even Hal. The current ones can't deliver.

>>23650528
It’s only purpose is to enrich smart millennial money before we wage a Cold War against China, get ur cash get it into real assets and get into Cold War politics

>>23656197
Name one crypto that's more decentralized than bitcoin then retard kun.

>>23656197
Also, what's the weather like in Mumbai right now Pajeet?

>>23656243
Easy. Monero.
It's has some flaws too (some worse than Bitcoin), but Monero itself is far more decentralised than Bitcoin. And plus it has privacy onchain.

>>23656079
Typical schizo cockroach won't reply once he gets BTFO. Never come back here you worm.

>>23656254

>>23656268
Monero has better privacy than bitcoin but I asked about decentralization. If you think monero is more decentralized than bitcoin then it's clear you have no fucking clue about crypto.

>>23656275
LMAO
You were literally refuted on every post you made before, and you just can't refute back any of my replies. That last one is just you insisting on the same bullshit.

>The problem will solve its self, no matter how many times you call people 'dumbs'
MAGIC. Awesome.

>SAYOSHI DOES NOT MATTER ANYMORE
You're right. Neither the whitepaper matters. Neither the initial premises. Neither decentralization. Neither scaling.

>>23656323
>indian intellectuals

>>23656302
>I asked about decentralization
I AM talking about decentralization, retard.
It literally is. It has a better mining algorithm, mining isn't centered on 4 pools from the same socialist dicatorial country, and the devs at least are always improving the protocol, and always open for new solutions. XMR is also at least truly fungible.

>>23656341
See >>23656338

Better luck next time Pajeet. Try to read up on the subject so maybe you'll be able to convince some poor autist about your retarded drivel.

>>23656323
I crushed each one of your posts and will continue to because your a worm level troll

>MAGIC. Awesome
The problem will be resolved because smart rich people have more and more incentive to solve it. Not magic, just logic and natural incentives.

>You're right. Neither the whitepaper matters. Neither the initial premises. Neither decentralization. Neither scaling
I only said satoshi doesnt matter, dog-level strawman is weak. You don't seem to understand BTC is a living thing that satoshi hasn't been involved with for a decade, as is evidenced by your hardon for him and obession with his quotes.

Still waiting for your better alternative. Actually no, I'm not, just scurry back into the sewer you came from you rat.

>>23653248
Imagine thinking Bitcoin is the same now as it was before Satoshi left. Fiat on ramps will be KYC and the anonymous electronic cash title has long departed. Bitcoin blows compared to Monero. It was a good start, but there will be replacements.

>>23653443
Bitcoin on Ethereum. Lets see. You have to trust a custodian with your keys and coins as you wrap your bitcoins to use on another blockchain because your own blockchain cant process more than 7 tx a second. You see how dumb that is?

>>23656377
No, you didn't refute any fact here, stupid brainlet, miserable piece of pigshit. Delude yourself as much as you want, because that's all what your half neuron brain is capable of.

>>23656358
I've answered literally the central point of what you've asked. At this point, or you're just a sub human troll, or a 0 IQ maggot.

>>23654164
You cant buy btc off paypal and withdraw to your own cold wallet. Thats not bitcoin, thats an IOU payment service. Paypal will make money from it just like any exchange like coinbase and binance.

>>23656482
>insults
That's all you have left.
Completely BTFO. I'm embarrassed for you, now scurry along.

>>23656490
Nah, it's absolutety clear that you have just done some surface level reading on the subject and due to the Dunning-Kruger effect you think you're some sort of enlightened wizard. If you're actually curious to understand why bitcoin is by far the most decentralized crypto you can start with the segwit saga of 2017.

>>23656513
>insults first
>mad at being insulted back
KEK
Literally a faggot.

>>23656516
Shut the fuck up, you haven't even read the whitepaper. Don't even know what is bitcointalk. Hint: Check by yourself the tremendous mining decentralization: https://miningpoolstats.stream/bitcoin

Safe vs unsafe hash functions.

>>23656577
See, if instead of acting like a complete retard you would take some time to research the subject you would quickly understand that you're just making a fool of yourself. You have so shallow knowledge on the subject that you don't even understand how little you know.

>>23656577
Still trying? Pathetic.
a) the point is you have nothing but insults left, your arguments are getting repeatdly BTFO.
b) this is 4chan, idgaf what you say about me, top-fucking kek.
c) for the record I was civil until you turned aggressive here >>23655981 you can't even keep that straight in your disease addled schizo worm brain you absolute mong.

>>23656580
Don't worry, the brainlets cannot understand this.

>>23650523
What if DUNE is?

>>23650603
Flash memories don’t last 20 year
Store them in a dvd (and keep a dvd reader)

>>23656634
>a) the point is you have nothing but insults left, your arguments are getting repeatdly BTFO.
BLA BLA BLA faggot.

>b) this is 4chan, idgaf what you say about me, top-fucking kek
BLAH BLAH BLAH

>c) for the record I was civil until you turned aggressive here >>23655981 (You) you can't even keep that straight in your disease addled schizo worm brain you absolute mong.
You literally called me retard first, as we can see in my reply. Thanks for proving I'm right. You're really a zero IQ brainlet, as I've expected.

will bitcoin dump before it goes back up to 14k and beyond?

Lol did anyone else's Coinbase pro web UI just go nuts at the new hour? It gives me a new candle for every trade that happens regardless if I go with hour candles, minute candles...

[spoiler]>>23656670
To be fair, calling you a retard isn't really an insult, merely stating facts.

>>23656670
Still no new arguements. Still no better alternative. Still BTFO.
Calling someone a retard is being civil here newfag. I really suggest you scurry back to your hole and never come back, this isn't going to get any better for you.

>>23650523
cringe

>>23656701
Oh I bet it's because of daylight savings...hope it's not messing up the algos and causing them to crash :O

>>23656577
>>23656634
>>23656628
>retard!!!
>0IQ brainlet!!!
>you mong! you got BTFO not me!
quality discussion as always on biz

Buy your BTC now before the stimulus, or you will be absolutely seething, bull flag on the 30 day chart. Remember the do the opposite of what everyone else is doing, market uncertainty because of the election, great I will buy more BTC. Be careful if you have a leveraged play as there could be a significant drop if BTC can't break $14k resistance, although if you think you are going to buy this dip you are delusional.