/biz/ - Business & Finance

[Anonymous No.20490955]

Who else /all in on the king/ here?

dont care about any shitcoins, defi sucks, oracles are worthless. feels good to be all in on bitcoin.

[Anonymous No.20491011]

>>20490955
You are missing out on so much money kek

[Anonymous No.20491106]

>>20490955
www.bitcoindollaraverage.com
DCAing into the king cannot be beat.


>>20490955
Keep gambling, one day you'll be left with the bag, all shitcoins are hot potatoes for more bitcoin. Glad I've been buying since 2013. Goal is 100 btc by 2032.

[Anonymous No.20491116]

>>20491011
*have been missing out. altcoins are about to get fucked in the ass on the next btc dump

[Anonymous No.20491118]

>>20491106
>all shitcoins are hot potatoes for more bitcoin
this
all 2017 anons remember to take profits in the king

[Anonymous No.20491126]

>>20491106
Nothing in the real world is reflecting that sentiment.

[Anonymous No.20491141]

>>20490955
>>20491106
>being a btc maximalist

[Anonymous No.20491169]

>>20490955
Not understanding bitcoin or crypto.
I bought under 50 USD. My understanding of money and bitcoin is in the top percentile, if you think something is going to beat bitcoin, you simply haven't studied enough. I don't even know why I'm telling you noobs this, should let you waste more money.

[Anonymous No.20491189]

>>20491169
lol

[Anonymous No.20491250]

>>20491169
>youre fuckin dead, kiddo
btc is good it's true

[Anonymous No.20491252]

>>20490955
Who else /all in on the king/ here?

dont care about any websites, e-commerce sucks, sending messages is worthless. feels good to be all in on AOL. It's too big to fail and everything that's not on there that's needed will be added to it later.

[Anonymous No.20491285]

I'm buying simple because of its quantitative hardening as a store of value. That's it, really it doesn't have many other use cases. I wont ignore other coins though.

[Anonymous No.20491291]

hell yeah bbooooiiiiiiiii

[Anonymous No.20491317]

>>20491252
>feels good to be all in AOL
kekd
Hey man tech moves fast people dont always keep up.
On that note, invest in RLC

[Anonymous No.20491388]

>>20491252


>>20491252
I really hope this is bait, If so I had a good kek
If not, your understanding of cryptos isn't even past elementary. Remember 17' fags opinions are WORTHLESS
Somethings to look up
What is a sybil attack?
What is network effect?

[Anonymous No.20491652]

>>20491388
>What is a sybil attack?
A sybil attack is a result of access being restricted only through identities that are easily and costlessly replicated (e.g. spam mail, reddit upboats). The hashrate takeover you probably mean is a 51% attack that is tied to costly mining equipment. All protocols with tokenomics gain takeover resistance as they get bigger, so using Bitcoin's size as an argument is like saying "it should be big because it's big." Cargo cult logic.
>What is network effect?
Something MySpace had, and something that the Ethereum ecosystem has much more of than Bitcoin's at this point. Nobody uses the BTC network for anything, yet every time some crypto faggot posts a browser screenshot you see the Metamask icon up.

[Anonymous No.20491669]

>>20490955
How does $0 sounds after American regulatory laws swipe the cryptocurrency space?

[Anonymous No.20491693]

>>20491141
This

[Anonymous No.20491708]

>>20490955
I've quadrupled my money from playing with altcoins the past few weeks. I'm all cash now and I can buy 10 BTC now instead of having only 2.5 BTC and watching it crab.

[Anonymous No.20491773]

>>20490955
Every bitcoin output has a unique history tied to it as part of its provenance. This is not only bad for privacy but actually means bitcoins aren't fungible. https://monero.stackexchange.com/questions/1967/what-is-fungibility-and-why-does-it-matter

A basic observation but there is a cult around BTC who enforce an orthodoxy of glossing over it.

[Anonymous No.20491876]

>>20490955
>>20491106
BTC will eventually be rendered intrinsically worthless when the unmined supply runs out because of blockstream's implementing of systems to handle all/the majority of transactions off-chain (miners will get no/far fewer rewards, and thus have no reason to mine)

[Anonymous No.20491900]

>going all in on a shitcoin
if you haven’t already made it off btc, you never will. eth is unironically a better currency and actually used. the signs have been pretty obvious if you’ve been around
>buy btc
>sell it for eth 2016/17
>sell eth for link 2018/19
getting attached to an investment is for midwits

[Anonymous No.20492001]

>>20491317
fuck her stomach is so kissable

[Anonymous No.20492599]

The overall sentiment is generally bearish for BTC. Do what you will with that information.

[Anonymous No.20492638]

The sentiment is that if I'm gonna trust one of you nerd's fucking "magic internet money" I'm going with the one that has been around the longest and doesn't freak the fuck out like whatever the fuck gets spammed and pumped here.

[Anonymous No.20492661]

>>20491252
Imagine thinking BTC as an early obsolete internet service company rather than the base protocol which such companies were built on.
I suppose every year it gets more awkward for you when BTC just won’t just go away.

[Anonymous No.20493172]

>>20491876
Is- it t2016 again?? This is VINTAGE 2014 fud

[Anonymous No.20493309]

OP here

just kidding, bitcoin maximalists are fucking retarded. all in LINK baby

[Anonymous No.20493514]

>>20493172
speculation, in addition to the guarantee of there being real value backing a coin can still occur, even when the certain death of the coin is still carved in stone some 100 years down the road
hell—blockstream could even implement some rube goldberg fuckery to bring back intrinsic value to the coin's post-unmined-supply-exhaustion phase
the fact of the matter stands—no mechanism for there being intrinsic value to the coin, no intrinsic value

[Anonymous No.20493946]

>>20490955
>missed out 600% gains in 3 months of RSR
congrats to your king, retard

[Anonymous No.20494167]

>>20493946
Which coin did you convert your RSR into? Don't tell me you gained 600% in USDT? Kek.

[Anonymous No.20494185]

>>20490955
>feels good to be riding 9k like a champ with zero upward or downward movement

[Anonymous No.20494294]

>>20491252
kek
>>20492661
>the base protocol which such companies were built on
strange how everything is run on ethereum. Did you buy below 1k or something and have hundreds or thousands? Can't see any reason why anyone who understands defi and the evolution of the space would buy this outdated tech in 2020

[Anonymous No.20494414]

>>20491652
>some crypto faggot
I too, invest based on crypto fag’s screenshots.

[Anonymous No.20494459]

Anyone that has been here for a couple of years understands altcoins only purpose is to extract BTC from noobs.

[Anonymous No.20494576]

>>20494294
Does this analogy satisfy you
>btc is the gold backing the monetary system which is ethereum.

[Anonymous No.20494681]

>>20494294
Not sure why anyone would use 4chan when you could use reddit. Can't upvote, give awards, look at profiles, can't even post emojis! Fucking outdated tech imageboards

[Anonymous No.20495130]

>>20491900
Tokens built on eth have mooned and now worth more than eth itself. Eth token hasn't accrued any of that value, it's purely a utility token for gas. Eth monetary policy is completely fucked which is why they will keep their hands on the dials to try and tweak it forever with PoS and EIP1559. That won't be the end of it either because they will just continue to change it whenever vitalik spazzes out about some new research paper

Everyone in crypto whether they own Bitcoin or not knows there is a 21 million cap and nobody can change it. Blocks are kept small which creates demand for space, allowing a fee market to secure the network. A backlog of transactions instead of an empty mempool ensures miners are incentived to keep moving the chain forward instead of fucking around with reorgs. These incentives protect the 21 mil cap from inflation which means Bitcoin and land are still the only thing on earth you can buy with strict scarcity.

Eth can make as many changes to its monetary policy as they want but the simple fact that they have been changing in the first place means it will always be inferior. Bitcoin has been like this from day 1 of the network

[Anonymous No.20495227]

> >20491011
Guess which line is The King
Guess which line is yours
Clue- look near the number “0”

[Anonymous No.20495242]

Also everyone that thinks market dominance is going down is completely retarded. Go look how many coins have several hundred million dollar market caps that nobody has even heard of. These coins have zero liquidity, but they mint a billion tokens out of thin air and then sell a couple for 50 cents so all of a sudden they have a 500 mil market cap.

Btc dominance hasn't budged in real terms, it's just that the number of shitcoins with no liquidity and fake volume have mooned over the years

[Anonymous No.20495302]

Decred is the true Bitcoin.

Someday you will understand.

[Anonymous No.20495303]

>>20491106
buying since 2k13 and still don't have 100? you must like in zimbabwe or some other backward ass country

[Anonymous No.20495368]

>>20490955

[Anonymous No.20495400]

>>20495303
And the point of your comment ? Seems to be dripping with jealousy and animosity.

[Anonymous No.20495661]

>>20490955
90% in yes