/biz/ - Business & Finance

>>25517062
>>25517099
so much money wasted /biz/bros.... unimaginable opportunity cost...
thats what it took for us to understand

>>24060381
Your truth and law have been usurped by the look of it, not sure you have many options left. Your 2A was written into the constitution as a backstop against this kind of tyranny and I find it unfortunate that Americans enjoy the right to own guns but aren't willing to use them as originally intended. I suppose this remains to be seen, however.

In all seriousness though, I wish you all the best in your current predicament.

>>24024910
out of thousands of shitcoins almost all of them have lost massive amount in ratio to BTC and continue to bleed. if you are holding one that has outperformed BTC congratulations. if you think this is going to continue, you only need to look at the historical charts to see that you are a retard. final warning - abandon all alts.

>>23964085
In June 2017 BTC dominance 37%, ETH dominance 33%, XRP dominane 11%. Today dominance 65%, ETH 11%, XRP 3%. BTC dominance of top 10 and top 25 has only increased every year and is only getting greater not declining. The thousands of shitcoins with fluff marketcaps that don't have liquidity is just that fluff. If you count the shitcoin fluff as marketcap, ETH dominance is not just in a downward trend, it's falling off a cliff.

>>23575101
> https://coinmarketcap.com/historical/20170601/
You only need to look at where the Alts were in June 2017. Bitcoin outperforms every single thing in the market. Sure a new alt will outperform when it gets discovered but you have to put like 80% of your money in Bitcoin. Most of this shit dies out and is replaced by new pumps and dumps

>>23373726
Every time

>>23361380

>>22070448

absolute chad.

>>22069817

BTC, ETH, and XMR are the holy trinity, because they each solve a unique usecase (digital gold, digital oil, digital cash) and have the biggest networks in their respective fields. With sufficient capital, you will make it with almost any allocation of those three. To be safest you should be heavily weighted towards BTC though.

>>20943038

>This time when it forks, both forks are identical.

There's no reason to fork if both chains are identical. You're just risking the loss of massive amounts of money for no potential gain. If you want to try to change the protocol, then you fork and see if you can get the majority to come with you. If you can't, your chain is not Bitcoin, and it fails as did BCH. Bitcoin is highly resistant to change -- this is a hugely important feature.

>The moment bitcoin falls below 6k it becomes unprofitable to mine.

I've been hearing some variation of this for years. I hate to be the one to inform you, since you're apparently unaware, but Bitcoin will never drop below 6k again. Even if it did -- and it won't -- a certain percentage of miners will always mine at a loss if they believe the potential for massive gains down the line remains. And if even they drop out, the difficulty plummets dramatically, rendering it cheaper to mine and drawing miners back in. This is probably Bitcoin's most important innovation. Anyone talking about "miner capitulation" does not understand how Bitcoin actually works. Look up a hashrate/difficulty chart to witness the beauty of it.

By the way, Bitcoin collapsed to 4k during the corona panic. It sprung back spry as ever. You cannot kill it.

>Why do you think the entire crypto space relies on bitcoin? do you honestly think the entire crypto space will collapse if bitcoin collapses? Why do you think that?

Considering the entire space follows its price action, I'd say that's a pretty big indicator. If trust in Bitcoin disappears that casts a shadow on every cryptocurrency, no doubt about it. In periods of flagging faith -- the bear markets -- every coin and token drops with BTC. Furthermore Bitcoin's demise would open a giant vacuum in the space -- could another currency ever again be regarded as a store-of-value? Are cryptos truly just the Tulip bubble all over again? Any altcoin enthusiast wishing for Bitcoin's defeat is suicidal.

>>20735903

At what point will crypto cucks realize this?

>>18774030
I have 21 BTC

I USED TO THINK PIC RELATED IS A MEME.

AFTER 2.5 YEARS I CAPITULATED

BITCOIN IS THE ONLY ANSWER

Daily reminder that you are going to have a hard time if you have not ascended to the final stage.

is 2.1 BTC enough to make it?

https://blockchair.com/bitcoin/address/1P6vjYdpdGEodLgCWYB3ECPUdYRbjYNkTX

>>15521078
chainlink is a meme spread by retards on this board. That shitcoin has gone from $0.25 to $4.50 and now is crashing back to $0.10. Stick to bitcoin for now and research the others

>"Bitcoin has unforgeable costliness, because it costs a lot of electricity to produce new bitcoins. Producing bitcoins cannot be easily faked. Note that this is different for fiat money and also for altcoins that have no supply cap, have no proof-of-work (PoW), have low hashrate, or have a small group of people or companies that can easily influence supply etc.
Saifedean Ammous talks about scarcity in terms of stock-to-flow (SF) ratio. He explains why gold and bitcoin are different from consumable commodities like copper, zinc, nickel, brass, because they have high SF.
"For any consumable commodity [..] doubling of output will dwarf any existing stockpiles, bringing the price crashing down and hurting the holders. For gold, a price spike that causes a doubling of annual production will be insignificant, increasing stockpiles by 3% rather than 1.5%."
"It is this consistently low rate of supply of gold that is the fundamental reason it has maintained its monetary role throughout human history."
"The high stock-to-flow ratio of gold makes it the commodity with the lowest price elasticity of supply."
"The existing stockpiles of Bitcoin in 2017 were around 25 times larger than the new coins produced in 2017. This is still less than half of the ratio for gold, but around the year 2022, Bitcoin's stock-to-flow ratio will overtake that of gold" — Ammous"
supply and demand bro

>>15415719
so what. wake up to the game the world plays you dumbfuck
>>15415740
>>15415747
The reason we can't nice shit. Seriously educate yourself on the history of workers and unions in your own country. or stay ignorant.

IMAGINE NOT BEING IN THE FINAL STAGE OF THE CRYPTO DISCOVERY PATH

>>15157495
RSR, REN, LINK

also >>15157515

>>15143974
nice try

>>15007306
He'll get there some day after much regrets and lessons learned.

>>14939653
bruh. you need to be in stage 4

WHO IS COMFY AF BEING 100% BITCOIN?