/biz/ - Business & Finance

[Anonymous No.57947968]

how are they coping?

[Anonymous No.57948000]

>>57947968
wait till you see the f- uhhuhuhUHUHUUU NO NO NO NO ohhhHOHOo ohhuhhuhhuhh PPFEAHHAHHHHHHHAHAHAHAHAAAHAHHAHAHAHHAHAHHAHAHHAHHHAHAHAHAAHAAHAHHAHHHHAAHHHAAHAHAH

[Anonymous No.57947999]

>>57947968
They will always move goalposts and never accept it. Their argument will always be
>"Well it will never be used for currency"
Even though it's been used for years in the darknet

[Anonymous No.57948010]

>>57947968
>my thesis (that I got from this blogspot article) has yet to be refuted!

[Anonymous No.57948024]

>>57948000 (checked)
Ohnonoo

[Anonymous No.57948034]

>>57947968
When was Buttcoin created again?

[Anonymous No.57948041]

>>57947968
They're coping by saying
>I didn't buy for ETHICAL reasons not because I didn't think the price won't go up
Those ethical reasons are of course completely made up and make no sense

[Anonymous No.57948046]

>>57948000
Oh shit we're still early

[Anonymous No.57948061]

>>57948034
2011

[Anonymous No.57948070]

>>57947968
Anyone could've bought Bitcoin at $1 it doesn't make you smart

[Anonymous No.57948101]

>>57947968
What type of mental gymnastics is this?

[Anonymous No.57948103]

>>57947999
I first found out about bitcoin when my friend showed me silk road in 2012. Bitcoin was being actually used as a means of exchange even then. I have paid for podcast subscriptions, bought a pair of cuff links, and paid a kid to mow my lawn in bitcoin, all before 2014. I'd do it again, using the fedbuxx I would have spent to buy the bitcoin back.

[Anonymous No.57948112]

>>57948061
>2011
>when BTC was $20
>up from $0.01
>some of those people sit on the sidelines of a 359900% increase
Buy the orange token. Buy the orange token and there will be an end to the horror.

[Anonymous No.57948134]

There is still plenty of comedy gold to be mined in crypto. There are obvious scams in this space that people are falling for, and people practicing really bad opsec. Not white knighting for r/Buttcoin but it's not all price fud.

[Anonymous No.57948135]

>>57948101
>the price of a store of value in inflating USD doesn't matter
lmao

[Anonymous No.57948162]

>>57948112
i would kms if I knew much about BTC in 2011 and didn't buy. Thankfully my friend got me into it around 2017
>>57948101
holy cope

[Anonymous No.57948170]

>>57947968
when line goes up they pretend not to care about price
when line goes down they laugh like it's the funniest shit ever and they are so smart for not buying

[Anonymous No.57948175]

>5 billion Paolo casino coins minted in one week... That is totally normal, yeah. Since last October, 20 more billion are out. This money printing scheme has moved bitcoin from 29k to 69k.

For how long will Paolo be able to keep the 1$ peg going? Every time he prints another couple billion its USD reserves are becoming lower compared to the total coins in circulation. We can see the increasing price manipulations are becoming harder to achieve.

>What Paolo is doing is not very different to what Argentina did in the 90s and everyone knows how it ended up.

[Anonymous No.57948217]

Remember these two simple tenets to avoid looking like an idiot on the internet, by anon: 1) Liking something intensely is not a personality. 2) Hating something intensely is not a personality.

[Anonymous No.57948241]

>>57948101
you have to be pro-bitcoin, or anti-crypto...
I'm neither, and I own .34 bitcoin!!!

[Anonymous No.57948288]

>>57948101
The concept of value is hard to understand for some.

[Anonymous No.57948295]

>>57948103
I'm a zillenial so I never got the chance to use SilkRd but I used Alpha before the feds took it down, I used Bitcoin and it was clear to me then that it will always have value. Whether people like it or not there will always be an underground market where profits are to be made and Bitcoin is the median of exchange for that market

[Anonymous No.57948302]

>>57948170
I do the exact same but in reverse

[Anonymous No.57948328]

>>57948302
based horse-shoe participant and other side of the same coin

[Anonymous No.57948507]

>>57947968
They're definitely saying we got lucky. They're going to keep saying this through the entire bullrun, and then they're going to giggle and shart themselves with delight when Bitcoin plummets to the unthinkably low floor of 57k.

It will never come up that this price was unthinkably high just a few years ago. They will continue to repeat this cycle after cycle. Their fiat currency will continue to move toward zero as it has done at all points since its adoption.

They will cope by saying they're a better person than you.

[Anonymous No.57948518]

my brother doesnt like crypto. Last week it turned from "tulips, ponzi, fake money, get a real job" to "Look im just fundamentally opposed to it. if it works for you, it works for you."
KEK

[Anonymous No.57948520]

>>57948302
kek

[Anonymous No.57950075]

>>57948302
I will address the elegant in the room: the frog of yours is simply glorious!

[Anonymous No.57950217]

>>57948101
If price doesn't matter, invest in silver or gold instead.

[Anonymous No.57950246]

Man you have no idea how hard the communists are seething right now. Keep fighting for a penny increase to the minimum wage queers!

[Anonymous No.57950263]

>>57947968
They are all larpers.

[Anonymous No.57950309]

>>57950075
You sneaky fuck, I was ignoring your posts but you're advertising behind a gif.

[Anonymous No.57950650]

I love these retards, every time I look at that subreddit I'm just assured we're still early and I can still make it.

Anyway, when will the mass suicides start? At some point the realization they've been actively ignoring fucking astronomical price increase must hit them and hard, right?

[Anonymous No.57950849]

>>57947968
Make up insane conspiracy theories

[Anonymous No.57951283]

>>57948000
>shorting in a bull market
Fucking insane.

[Anonymous No.57951300]

>>57948101
who's gonna tell him

[Anonymous No.57951304]

>>57948101
I am a speculator who is enjoying massive profits. Now what?

[Anonymous No.57951354]

>>57947999
That's still a strong argument. So long as BTC is volatile and not accepted for legitimate expenses like food, guns, a plane ticket, a car payment, a mortgage, etc it will only ever be treated as a speculative asset.

[Anonymous No.57952651]

>>57951354
No it's not a strong argument. You guys are still missing the point after 15 years. You truly do not understand the concept of value or money and that's why you'll stay poor and deserve it.

[Anonymous No.57952710]

>>57951300
Tbf they say in their subreddit they don't automatically support fiat BUT most users on that site do regardless

[Anonymous No.57952754]

>>57948101
this is the kind of reasoning that underlies all libtard beliefs. none of it makes any sense.

[Anonymous No.57952829]

>>57951354
But those things are starting to happen albeit in small amount. But still with that it's not a good faith argument because when that happens they will just say the world has gone crazy and dent Bitcoins value

[Anonymous No.57953079]

BTC bros…

[Anonymous No.57953154]

I don’t feel so good…

[Anonymous No.57953156]

>>57953079
>It does NOT matter when the line goes up!! The price of BTC is irrelevant!
>The line is going down? Huzzah! The price of Bitcoin now matters again since it's going down!
>I will adopt whatever viewpoint is most convenient for protecting my ego and maintaining my sense of intellectual/moral superiority over those around me!

[Anonymous No.57953185]

>>57947968
i opened a huge short position once I got the ATH alert. have fun being idiots.

[Anonymous No.57953206]

>>57953079
that was written by an absolute poor

[Anonymous No.57953208]

>>57953185
>shorting in a bull market
Negative IQ strategy. Have fun getting liquidated.

[Anonymous No.57953236]

>>57953185
Post it

[Anonymous No.57953244]

>>57953079
>Many of us are financially well off
Financially well off people don't obsess over and constantly shittalk a speculative investment for a decade plus, they shittalk it and then ignore it.

[Anonymous No.57953255]

>>57953185
based retard
what's your liquidation price bobo

[Anonymous No.57953263]

>>57953154
>It's downfall
What did they mean by this?

[Anonymous No.57953478]

lol you pussies just make fun of us here and think it's funny lol? Why don't you come to Reddit and get downvoted to oblivion. fucking loser gamblers

[Anonymous No.57953550]

>>57948101
>if you want to make a profit on something then you're a dirty speculator and your opinion doesn't matter

[Anonymous No.57953587]

>>57953263
There was FUD 8 years ago that if BTC dropped below $225 mining would no longer be financially viable and BTC would crash to 0. It had just fallen below $225.

[Anonymous No.57953614]

>>57947968
What’s the point of seething over someone else’s investment? If you don’t like bitcoin, don’t buy it. I can’t imagine investing emotional energy into something that doesn’t even affect you. Kinda pathetic.

[Anonymous No.57953761]

Your concern for the butcoin redditors retards is pretty fucking gay. I don't think about those cucks at all, they're irrelevant to the progress of BTC.

[Anonymous No.57953836]

>>57948518
“If it works for you” LMFAO what a fucking faggot. Ya making money works for me. I really enjoy it.

[Anonymous No.57953913]

>>57953614
Cause it's not them that's rich. Jealousy is a hell of a drug. I've accepted the fact that I was retarded and not bought into BTC ever since I heard about it in 2009.

[Anonymous No.57953914]

>>57951354
Why. Because you say so you fucking faggot?

[Anonymous No.57953942]

>>57951354
well yes, just like gold (speculation and anti-inflation tool), so we can expect BTC to reach gold's market cap

[Anonymous No.57954093]

>>57950650
"Cognitive dissonance" was coined by a psychologist named Leon Festinger. These are his criteria for coping with it. r/buttcoin fulfills all five.
>deeply held belief that Bitcoin is worthless
>committed to it by refusing to invest
>price of Bitcoin refutes the belief
>no one can ignore the price going up
>subreddit acts as social support group

They'll simply keep inventing new reasons why they're right. Like a doomsday cult whose predictions keep failing.

[Anonymous No.57954096]

>>57948101
>LOOK
>GUYS
>GUYS LISTEN
>GUYS WE ALL AGREED THE PRICE DOESN'T MATTER
>GUYS WHY ARE YOU BUYING IT
>IT'S NOT WORTH ANYTHING
>WE AGREED

[Anonymous No.57954106]

>>57951354
Median of Exchange is a trivial use of money as transactional use carries little term risk, see: fiat value versus gold, BTC, equities. The chunky part of Money is the Store of Value, Unit of Account demand, as these demands can't be met by anything but an abstraction like money. BTC is a quantum leap in these properties of money, fixed in supply, stateless, trustless, transparent ledger etc etc. Compared to gold, with it's infinite supply and 2% inflation, or equities with their enterprise risk and unlimited supply, bitcoin is unmatched

[Anonymous No.57954109]

>>57948162
I lost 95% of the bitcoin I will ever own on MtGox and blew a ton on a pizza in 2011.

I'm very happy for the people who made good but it does still kinda hurt.

>>57953614
Imagine how utterly booty blasted you would be if you knew about BTC in 2011 and chose instead not to buy it because it was gross and for nerds. And then you knew about it in 2013 but decided not to buy it because it was kinda problematic and a big hecking YIKES.

They're fucking furious. They were the goodest instruction followers. Why are the CHUDS making money and not THEM?

[Anonymous No.57954117]

>>57948241
what about anti-blockchain but pro-directed acyclic graphs.

[Anonymous No.57954139]

>>57953478
Why would I go to reddit and get coddled in a faggot echo chamber, learn how to take risk and by the way the holocaust is fake and you're going to die in 5 years. Suck my dick.

Anyways guys buy coreto

[Anonymous No.57954150]

>>57950246
>maple syrup granite

[Anonymous No.57954183]

>>57948000
I kneel for every buttcoiner shorting. Putting their money where their mouth is.

[Anonymous No.57954201]

>>57948241
In all fairness, I think a lot of the crypto crap out there is fucking stupid and/or scammy. Bitcoin is a neat idea that has a very narrow application, and as it's become clearer and clearer that its scarcity is more valuable than its utility as money we see, like, Monero come in and try to be the cash thing.

Aside from BTC and XMR (maybe SOL? maybe?) I don't actually think too much of the crypto industry is useful or viable.

That being said, the use crypto does have, as a P2P workaround to foil banks, is incredibly invaluable and amazing and I like it a lot. But that's a reason why I fucking hate shit like NFT's.

[Anonymous No.57954258]

>>57953244
they are financially well off enough to believe they may be able to retire comfortably when they're 55+.
but they're assmad because they know they'll have to wage at least another 20 years while they get mocked because even though they think btc is a ponzi with no value whatsoever, they're pussies, and afraid to throw a couple bucks, even though they know it'd hit ATH, again. nor do they have conviction to dump some big bucks and make some REAL money.
but of course, redditors are fags, of course they'd also act like a bitch.

[Anonymous No.57954334]

I checked the subbed and THEY really hate cyrpto while working at Mcdonalds making nothing? I do not get the mentality of these people. Do they want to be poor forever? Cause stocks trading is as cold and will suck the blood and life out of you within a moment's notice. There's really no difference between crypto and that, the only difference is that there's no refunds if everything goes to shit on the highest levels.

[Anonymous No.57954396]

>>57953761
>Concern
It's hilarious, it makes me smile.

[Anonymous No.57954633]

>>57954106
Based and this anon will be a multimillionaire in present day fiat terms if he isn't already because I recognize his writing style and post history. He did not get filtered out by BTC. Its time biz stops pretending that bitcoiners have not been overwhelmingly vindicated. The vindication isn't merely this latest pump either, its the totality of what we're looking at when analyzing "the crypto space" with a knowing eye today. Some didn't need hindsight to arrive at this conclusion, for others hindsight isn't enough because their emotions such as their personal pride gets in the way.

[Anonymous No.57954686]

>>57954633
it's going to be an interesting bullrun.
this is the first one without any new demand.
combined with some sell pressure from mt gox and ftx.
and the first time in a crypto bull market with a dogshit depression macro economy and that fuse hasn't blown yet.
we'll see how 'vindicated' btc holders are.

[Anonymous No.57954845]

>>57954686
>this is the first one without any new demand.
Are you retarded? The ETFs are literally indiscriminately buying $500 million of BTC a day.

[Anonymous No.57954975]

>>57954845
in-kind redemptions were denied.
the etf was supposed to be a way for technically illiterate boomers to buy bitcoin and create a supply shock.
but the SEC only approved a cash redemption model.
so, you're actually totally wrong, but you're too retarded to understand.
if in-kind redemption was actually going to create some new demand, the price would've rocketed on approval.
instead this is the widening cycle theory, where there's less and less interesting ATH's and more frontrunning, leading to longer more efficient cycles.
and if you still want to argue with me, tell me the max price bitcoin will trade for this year.

[Anonymous No.57955019]

>>57953913
It's more than the fact that they're not rich. It's the fact that the "wrong people" got rich by investing in something that completely flies in the face of their Sacred Cows.

[Anonymous No.57955055]

>>57953154

I’ve never been so fucking bullish in my life.

[Anonymous No.57955077]

>>57954975
Why do in-kind redemptions vs. cash settled redemptions when right now there are net inflows into the ETFs? Vastly more shares are being created than redeemed. Most of the BTC being bought by these ETFs will never be available for sale again. Net outflows of any material amount from BlackRock and Fidelity ETFs are quite rare.

[Anonymous No.57955076]

>>57955019
>wrong people
That is full on main character syndrome. How much of a narcissistic ego does this people have that they need to "approve" anybody to get rich?

[Anonymous No.57955198]

>>57955076
Enough of a narcissist to think that the world would be a utopia if only it were centrally planned by a state run by people who think exactly like them.

[Anonymous No.57955229]

>>57955077
I already told you, if you want to continue arguing with me, state the ATH for this cycle.
if you can't follow that simple instruction, there's no way in hell you'll understand, let alone read anything more important I communicate.
the etf fetish and poor reading comprehension shows, without a doubt you're a faggot redditor and I'm not going to waste any further time with you.

[Anonymous No.57955259]

>>57955198
If the world ran by people that thinks like them, they'd be the first one executed lmao.

[Anonymous No.57955288]

>>57955229
>if you can't follow that simple instruction
Git.

[Anonymous No.57955342]

>>57955288
die in a car fire.

[Anonymous No.57955374]

>>57954975
You seem to be arguing that the 9+ billion dollars of net inflows into Bitcoin ETFs so far count for nothing because of the in-kind vs cash redemption thing.
Are you perhaps assuming the ETF providers are sitting on cash instead of buying Bitcoin like they're supposed to? That'd be.. amazing.
In the real world, the cash inflows are in fact used to buy Bitcoin, and there is therefore verifiable new demand.

And since you seem weirdly fixated on being told a random number that won't matter until this thread is long dead, $295,134.92

[Never going down? No.57955460]

>>57955229
You can literally smell the sideliner cope in this post. Better hurry back to work before the dinner rush, cuz' those Burgers won't flip themselves (yet).

[Anonymous No.57955550]

>>57955374
>reddit formatting
>well since you want a number I'll pull one out of my ass how about $295,134.92
it's not a random number you dipshit. I asked for a price target.
and if you can't do that, there's no reason for me to argue with you.
if you can't, you're not an investor, nor have you really thought about any of this. at all.
just another retarded reddit drone.

[Anonymous No.57955733]

>>57955550
And you're just another idiot who thinks his online aggression makes his bad takes less obvious.
If you could make a cogent case for how cash redemptions invalidate the ETF inflows, you would have made it by now, instead of hiding behind your autistic hyperfixation on being given a price target.

[Anonymous No.57955905]

>>57955733
>if you won't converse with retards
>uhh then you must not know anything!
>checkmate & cope
>man so bullish, bitcoin to...
>uhhhh actually I don't know...