/biz/ - Business & Finance

Has anybody contemplated that maybe both BTC and BCH are shit, and you're just holding onto Cash for dear life because you only give a shit about the brand power of 'Bitcoin'?

>>9123424
you've discovered the truth.

we are outsourced indian workers methodically shilling a $14.5B market cap coin on a 4chan board with less than 20 active posters at any given time.

the jig is up.

>>8822958
>muh private blockchain will kill cryptos

Do you realize how fucking stupid you are? I suppose most of you are young and likely never worked in a big company so I will explain to you how things like "private blockchains" happen:

>some boomer executive with a business degree in a big company is at the Country Club reading the NY Times
>suddenly he stumbles upon "how blockchain will revolutionize the world" or "Blockchain: a booming industry"
>he is now anxious because he doesn't understand shit but he feels it's important
>the boomer arrives at his office the next day and calls some underling, telling him in a very confident manner that he wants "a blockchain for the company"
>the underling has no fucking clue what this old fart is talking about but he says "of course sir" so he goes on google and sees it's tech stuff
>the underling decides to call the IBM sales rep he is in contact with and asks him if they sell "private blockchains"
>sales rep doesn't know what the fuck he is talking about but he still say "sure of course, we will call you back in a month"
>sales reps all go to their manager telling her that tons of clients are calling and want "blockchains for their companies"
>manager understands there is a lot of contracts to sign and that she can get a promotion with that
>next monday she summons a bunch of IBM engineers in the room saying she wants them to develop private blockchains
>engineers are confused, then an absurd discussion follows where they try to explain to her that a private blockchain doesn't make sense because the advantages of the tech is that you can build a decentralized and distributed network with an immutable and very secure ledger, advantages are all defeated if it's private, it becomes shitty database
>manager roastie dismisses all of the arguments and replies with a smug face that "at IBM we innovate" and gives them 1 month to come with a draft
>engineers are now working full time on a thing that doesn't make any sense

>>8547861
Memories of Digibyte - the darling of /biz/

We all know how that tuned out

>>8469585
dump on the news, look what happened to LTC with all the lightning help. Muh lightning testbed, etc.

Listed for less than a day, so this is the "ground floor". Miners already dumped.

Crypto is here to stay

Any specific coin staying is not assured, even Bitcoin

He didn't do it but who gives a shit about Bitcoin anyway?
If I had as much money to play with I would buy ETH and trigger the flippening. You would instantly enter in the legend, creating the biggest fomo in history!

Literally the most centralized coin in the top 20 except for maybe Ripple, and even then it's close.

>costs $30,000 to deploy a smart contract on their platform that you have to pay directly to NEO devs
>almost all the ICOs on the platform have been questionable vaporware like DeepBrain Chain
>only 7 bookkeeping nodes controlled entirely by Neo Council
>lerider considers a common event that occurs frequently on any other network (disconnection of a peer during consensus) to be an "edge case"
>Neo team refuses to open up validation servers to the public

This piece of shit is barely a cryptocurrency.

Let's get deadly bone-crunching serious for a minute:

No white person actually feels that much sympathy for brown people. Rather, they use brown people as virtue-signalling ballast for getting a leg over on other white people. That's what's at the heart of all "anti-racism": status competition between whites.

What do you think the Civil War was all about?

If you rearrange the letters in "BINANCE"

You get "EXIT SCAM"

>>7727331
give it to him, he can't type anyway

>>7643967
You are delusional, I held RLC during the whole summer until the pump of January, it was a long bleeding journey, I sold at $3 after Binance listing because I knew it would be the same thing again until the V2 in May (when things should finally be really serious).

I guarantee this will be below 10k satoshi again in March, you will more or less keep your value in dollar but for the rest it will slowly empty itself, the volume is crashing back to last year level which is already extremely worrying.

The project is very nice if you are a holder and don't mind letting it sleep until May but considering the amount of shilling we have on it it everyday I would say a lot of people have bags bought over 20k and are extremely frustrated by the perfomance of the coin because they see good fundamentals(I know it, I was here) however they don't understand market runs on hype while iExec is already an old project in the cryptoworld.

Best advice I can give you is to stop FOMOing, go make some profit on other coins (notably going long on BTC which will have a bullrun very soon but there are other alts with good things for march), RLC will not do anything until late May, I guarantee it.

>>7628205
He wouldn't even be a millionaire if his dad wasn't one.

What does that tell you about him being a good businessman or not?

>>7457892
Not a single argument in this post outside of repeating "worthless".
Anyway I am confident this will absolutely explode once normies will have a contact with it.

I led an experiment during Christmas and everyone loved it, even the hick that my uncle is managed to use it and my normie gf had the normiest reaction when she showed me the coin she was rewarded on her macbook.
They were just sad once I told them that the coins were not the "real ones" and it was just a testnet.

These people would have never been able to use Bitcoin or Ethereum without heavy help from my part but with Nimiq they got it in 30sc.
It's the only project with an apple-like approach where they try to progress not on the back end but on the front end, everything else is nerdfest and that's why 95% of them will fail and Nimiq will win.

face it biz: 800 was a good deal, 2k was the fair price anything over 4k was just speculative frenzy

>>7262052
ICOs killed the crypto market

This all started with Bancor

>inb4 literally unstoppable

>>7113612
Crypto exchanges are literally stock brokers

Collect fees for trades, good or bad trades doesn't matter, and they won't let you cash out

>>6805178
Wow such hostility. I've been here since /g/. Started my finance career in FX discovered crypto in 2011. Evolved with a financial engineering degree. Don't get why your mad though. Crypto is easy mode. I've made more money shorting and futures arbitrage than buying and holding could ever make me. This hodl meme doesn't work outside crypto.
>>6805250
It works. But everyone does sentimental analysis arbitrage. Too much competition. Look at McAfees recent tweets for instance. Everyone with a fucking udemy degree could write the bot. Also don't try analysis of the time series. There are big funds and teams, better than you in this case. Learn market microstructure, trade execution theory and volatility analysis and get into HFT on a small exchange. First day I tried this, backtests worked amazingly. I thought there was bias somewhere. Paper trading flawless. Live trading, I didnt sleep two days straight! Just stared at my console while a once class r script printed money. Couldn't believe my eyes.

>>6773258
>>6773345
>>6773449
>>6773457
>Being this retarded
>Thinking exchanges will chose morality over profits
Everybody is benefiting from tethers subversive tactics fuckface. Even you. It's in your best interest that bitfinex keeps up the charade.
>>6773711
This

Ok I still have a couple of probably stupid questions:

1. What cryptos can be converted to tether? Just BTC or ETH too? Etc.
2. Why would someone want to tether as opposed to getting back into fiat? Easier to get back into the market?
3. Why does the price sometimes jump past $1 to like $1.03?
4. Each tether is "backed" by 1 physical U.S. dollar, right? But what does that even give you? It's not like you're going to cash out 100,000 tether for a duffel bag full of money.

Seems there's something fundamental about this that I'm not understanding.

>store of value

>>5725814
I suggest you to check out this group https://discord.gg/MSrbH9z

Sometimes we find a moon and at worst we get surefire 10% gains you can get within a day, the community is pretty chill too. I've been here for two weeks and I've made x3 gains, while before I was a damn pink wojack who bought ath bags.

>>5712979
What did you base your choices on?
Is it pure based on /biz/ shilling?
Or did you DYOR?

Like, if all the current owners of all cryptocurrencies sold their coins for the amount of fiat they spent to buy them(only hypothetically, not adjusting for the price drop), what would the sum be? How does that compare to forex?