/biz/ - Business & Finance

>>10112025
this anon gets it

>>10112025
Its the only truth to the matter. Everyday you hear talks of institutions getting in, and nowhere near on the bubble chart do institutions come in when its returning to the mean. People are kinda stupid OP, atleast you're not a faggot today.

>>10112025
Roger Ver, Jihan Wu, Calvin Ayre, The 8btc mod (19hZx234vNtLazfx5J2bxHsiWEmeYE8a7k), Jiang Zhouer, the bitcoin.com cofounder, the Coinbase founder - all BILLIONAIRES who can complete the flippening with their own cash TODAY.
They're not doing so because they'd rather invest in BCH adoption. BCH adoption is skyrocketing while btc adoption is dropping.
In a few years both St Kitts and Antigua will use BCH as their main currency (Roger is working on St Kitts, Calvin is investing in Antigua more money than their GDP exclusively because of BCH adoption), Craig Wright will increase transaction counts by circumventing corrupt governments in Africa for money transfers (this one is not certain but very possible considering his funding), Roger is speaking to VIP-s every other day, including Japanese bank CEO-s, stock exchange owners, etc. Brian Armstrong will push BCH and shit on BTC subtly every chance he gets, bitcoin.com wallet is the most popular mobile wallet and it literally shits on BTC, propaganda/censorship effects are fading, Purse just added BCH meaning that normies can use it to get 20% discounts on amazon, Koreans love BCH and they seem to matter at least as much as Americans and significantly more than eurofags, miners are looking for ways to destroy BTC in the next few years otherwise their profits will crumble, LN is proving more and more of a failure every single day, Wright will patent-troll startups into moving into BCH, tipping on github is now possible with bch, smart contracts are coming in November, stress tests are a massive success, charities are popularizing BCH in struggling countries (Venezuela today, others will join in if trouble arises), Free Society project is progressing well, Circle is adding BCH next few weeks, Ayre who became a billionaire from gambling is going to create BCH-only online casinos

>>10112070
>>10112066
Correct. When did public money go in??? It didn't - the only money that has gone in has been extreme tech savvy Anons and a couple funds that have extreme amounts of money to play with. People are going to shit bricks when this market blows past 2 Trillion this year.

>>10112120
Meh I think it'll take a little longer as that, I'm pretty sure that once the first institutions really get going its going to go fast. But there's still some regulatory roadblocks to clear. Also some scams to weed out and some FUD to settle.

>>10112120
idk I heard/saw posts from redneck towns in the east cost(us) posting they were buying bitcoin last summer, also heard some people refinancing/mortgage for bitcoin.. with coinbase, feel like we've hit public...

>>10112185
>institutions
you niggers really think any "institution" will enter a highly illiquid scamcoinmarket?
are you retarded?
they can't enter even if they wanted to
even btc is highly illiquid compared to other markets
only /biznessman like to being stuck with bags

>>10112025

yes we are.nobody doubts that. but its a 2-3 year long first sell off.

WE"RE ALL GONNA BE RICH!!!

>>10112025
You are absolutely correct. According to the Coinbase CEO there are only 40 million people in the world who own cryptocurrency. This is a global market and hardly anyone has invested even after that huge boom in interest.

>>10112400
checked
see you on the other side, anon

>>10112417
maybe there are only 40 mio huge retards who throw their money at useless internetscamcoins in the world?
only for bottombarreltards

>>10112120

My fucking Nan asked me about bitcoin! The public money has been and gone.. dude the bubble is over. You need to wait a few years for all the new kids to hear about this magic internet money and con them into buying this shit. The public have already lost faith, they won't be easily fooled again

>>10112120
when over 25% of korean youth were buying along with their boomers

>>10112243
I know about old ladies who were making coinbase deposits last Fall.

>>10112417
Underestimating it a little bit there but yeh there or there abouts. Cambridge did a study in march last year cocl 9,000,000 in crypto market tripled since then. Over estimate 70,000,000 is 1% of the population.
>1%

>>10112417
>>10112443
>>10112604
>>10112492
The amount of money they put in was minimal though. If an average household that put money in was only around $500 then you can see how large this can get. And, the whole other aspect of all this which will change the backbone of modern software and finance via blockchain verification. Hardly any money has entered yet. Anyone that says otherwise hasn't researched much.

>>10112835
was around a couple thousand usd each with boomers putting in 5-8k can't remember exactly.

>>10112853
In the United States. Yes, maybe, but I'm confident in saying there is no way that other countries averaged that. Either way, nobody is in this, hell, 95%+ of those that do "own cryptocurrency" simply have a coinbase wallet with 0.4 BTC max....

>>10112883
https://news.bitcoin.com/survey-finds-south-korean-youth-the-most-active-crypto-investors/
Here's that article

>>10112895
interesting, thanks Anon. If the chart was accurate of what is to come (if this can even be classified as a bubble as seen in the original post), which stage do you see us at right now?

>>10112025
whatever happened to the S-curve of adoption?

>>10112969
A lot of people seem to think we are in the late majority stage (Or at least that is what is projected on /biz to FUD)

>>10112975
Late majority means diminishing returns, not declining returns.

But the adoption curve is technology related and the tech is still under developed.

>>10113006
I know Anon. I do not believe we are at late majority. This tech has not even taken hold yet. Once it is being used for real business it will not be possible to hold back the speculation. I for one think this is a new type of technological revolution similar to the internet - we just happen to be able to invest in it (like being able to invest in the http protocol if possible).

>>10112275
>only /biznessman like to being stuck with bags
and bots. don't forget our bot friends

>>10112969
>>10113040
We're at the Chasm

>>10113074
What's the line of thinking that supports this?

>>10113074

Nice picture, I reckon this. Although the public interest was massive, most didn't invest

>>10112025

lolwut

we're at the return to mean phase if anything

>>10113193
Gearing up for actual adoption, crypto becoming useable, and better than, current financial. logistical, assest management bureaucracy reduction etc.
Better development tools and working environment in an attractively paying growing job sector.
Normies will be engaged by earning cyrpto, many will speculate. It'll ramp up quick once it takes hold.

Just a random google article that i skim read https://buyabitcoin.com.au/blog/cryptocurrency-adoption-cross-chasm-go-mainstream-2018/

>>10113257
*than current systems;
Holding is still low, might be a way to go but adoption doesn't happen overnight, its a general trend til virality hits. I've got my eye on incentive based coins, keep the normaltons coming back.

>>10113287
the adoption of a fucking database-tech on the back-end has nothing to do with people buying internetscamcoins
you realize that?
anon?
do you?

>>10113344
these databases often need native asset in order to run, because they are run not by single or group of computer, but by groups of different participants
private chains could be run by one company, but public chains involve many players and have their native assets

however I see this industry as AI / machine learning 5 years ago; great promises, wonderful ideas, existing MVP, but still 666 things to do before it could hit public sector. it's first sell off on meme chart

>>10113344
Excuse me, excuse me. Are you actually speaking to me right now. Get to fuck wit ye boi. Go on in the shed with all the other skidmarkskins, its past your bedtime.
>comfy af knowing that the idiots are coming.

>>10112478
>My fucking Nan asked me about bitcoin!

Yeah asked you ABOUT it

When is she buying?

>>10113257
if we're talking about actual adoption, we've barely made progress, it's all just paper gains rn. i'd say we're still at the early adopter stage, not the chasm stage

>>10113544
Crossing the chasm now, early adopters wil learn crypto shill it and reinvest into more crypto after seeing its potential. Earning serious amounts of crypto easily, in as little techy fashion as possible will occur over the next next 2 years; browsing the web, computation hire, location services, staking, in app rewards, p2p lending etc.

>>10113646
*early majority

>>10112025
OP understands, we haven't even hit the true pump yet. We are basically in 92-93 of dot com. Buckle yourselves up, its going to be a ride.

>>10113706
https://medium.com/@mccannatron/12-graphs-that-show-just-how-early-the-cryptocurrency-market-is-653a4b8b2720
This claims '94 Not contesting your statement, just wanted to share.
>If you think cryptocurrencies is going to follow a similar trajectory as the internet, we look like we’re in about year 1994 compared to the internet.

>>10113775
I am ok with that. Of course mass adoption isn't there yet, it was barely there early-mid 90s and it wasn't until the lat 90s that awareness hit a critical mass. If you know about crypto now and don't invest then you have to be a fool.

>>10113410
My sides. Too good ANON

>>10113775
i like this post

All of you idiots are invested in the biggest ponzie ever created.

>>10114159

This is the reality.

1. Those with decent amount of BTC are just chill, quiet and observing. Not even saying anything bad against other alts.
2. Those with few to none are hyped and shill and calling names, predicting doom. They say BTC is root of all evil.

But in truth they are hoping to have more. And when they do, they become number 1.

>>10114253
I will never buy into you monopoly money. Stop tricking yourself fagot.

>>10113410

>>10114387
https://youtu.be/0akBdQa55b4
Just BTFO then, if you are not interested in crypto wtf are you doing here? or, you fit in the second group of people

>>10114639
>/biz/ - Business & Finance

This crypto shit has nothing to do with business and it is bad finance. I am trying to save you from losing your money to an internet scam.

>>10112929
If that chart was to make any sense at this point and not be the bear trap, we would either have to be in the bull trap or be approaching fear. With sub 3k prices being a reality.

>>10112025

Nice cope

Your 20k bags are here to stay though

>>10114780
This one time...

https://www.youtube.com/watch?v=XbZ8zDpX2Mg

>>10114780
Save me from losing money? fucking retard I already have enough BTC to retire and live like a king where I live. I just come here to laugh at the normies that FOMOed during 2017 and now think that crypto is a scam. From now on I will accumulate even more BTC from the cheap alts and sell some BTC after the next halving.

>>10114962
You know it will crash, it all wills does and it always will. Why are you even fighting this?

>>10112243
what you niggers dont get is that the vast majority of those rednecks, roasties and literal niggers bragging about their coins on ig only put in 20-100 bucks. sure, there were few idiots who mortgaged their house but those are few and far between

>>10113206
in the early 90s most of the public have heard about email and internet. most didnt "invest" (they didnt understand what it was or cared enough to try it).
in the mid 90s most of the public have heard about cellphones. most didnt "invest" (they were too expensive and were thought as a meme because they were large, bulky and had poor batteries).

>>10115026
you can't retire with btc brainlet, you need spendable usd aka you have to cash out
nobody wants bitcoin except to dump on the next moron for profit, the numbers on the computer do nothing unless someone is willing to give you something for it.
it's called life-changing money for a reason, you're supposed to change your life with it. not stare at paper gains

>>10113344
rekt