/biz/ - Business & Finance

>>10518129
Somebody needs to come up with a reason for crypto 1) existing and 2) costing so much per cryptocoin and let normies know about it. The game now is all about social engineering through memes to get normie money to FOMO back in so we can dump our bags.

>>10518129
fud more bitch i'm still holding my bags

>>10518162
Crypto needs a rebirth movement. We need to execute the whales. The wealth is too concentrated.

>>10518162
>The game now is all about social engineering through memes to get normie money to FOMO back in so we can dump our bags.
this mentality is just so retarded. you will never moon like this. ive been here since 2012 and literally never heard this kind of greed until late 2017/2018. shit like this is why i sold in january. im just waiting until people like you and pic related finally leave the market.

>>10518188
i dont want crypto dead... im a monero decentralized libertarian autist. fuck this fud.

>>10518185
>The wealth is too concentrated.
>Limited supply and zero inflation
yeah no shit

>>10518129
Altcoins...

>>10518214
Unironally this. I just wanna stick it to the kikes.

>>10518188

Wont take long friend.
These greedy tards sold their alts at a huge loss to ride btc up. Now that btc is falling they have exaggerated net loss. Just wait till it breaks 6k again. The depression and capitulation sell off from 5.5k will happen so fast we will meet 3k within days.

Thats is when these people leave. Broken. They wont buy the resulting bounce or rally either as its too painful and they wont believe it.

And any fags holding “good crypto” dont delude yourself, it will hit rock bottom too.

it will take forever for bitcoin to die though because bitmain mining companies have huge incentives to keep it alive at any cost
idk how accurate 5k=profitability is that i heard thrown around but if that is the case then it wont drop under 5k for many months if not years

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

The absolute state of /biz/

>>10518273

Dont fall for that bullshit bull bait.
Btc was profitable when it crashed 90% in 2014. Fucking hell mining difficulty adjuatments happen very fast. Its literally profitable to mine it at a dollar each, the hash will adjust because most people will give up mining it.

>>10518242

Kek tards still havent clocked that alts were only there to extract btc from newbs.

Btc whales and alt creators coordinate in most cases to pump it, or whales just pump random alt to extract.

If btc is overvalued the. Alts reached overvaluations never seen before on earth. And they are still overvalued.

You all got played and never learend to take profits in a huge speculative bubble.

>>10518372
>Btc was profitable when it crashed 90% in 2014. Fucking hell mining difficulty adjuatments happen very fast. Its literally profitable to mine it at a dollar each, the hash will adjust because most people will give up mining it.

I thought bitcoin only has a limited number so while difficulty will adjust as miners leave, it will still not net in more coins being mined. Worse than that, the coins that are getting mined then will only sell for 1 USD so it will obviously not pay the salaries of the bitmain employees.

>>10518372
altcoins exist because btc has technical flaws, otherwise practically nobody would bother making an altcoin

>>10518427

Its economics. People stop speculating on BTC, people unwilling to pay a large proce for it. Miners cannot sell them high. They go out of business. Doffixulty adjusts.

This continues to happen till a peice is reached where miners are profitable as people are willing to buy. Last time it was 200 bucks. This time 1000 bucks is logical bottom

It seems like a lifetime, or at least a Main Era — the kind of peak that never comes again. Crypto last year was a very special time and place to be a part of. Maybe it meant something. Maybe not, in the long run... but no explanation, no mix of words or music or memories can touch that sense of knowing that you were there and alive in that corner of time and the world. Whatever it meant...

There was madness in any direction, at any hour. You could strike sparks anywhere. There was a fantastic universal sense that whatever we were doing was right, that we were winning...

And that, I think, was the handle — that sense of inevitable victory over the forces of Old and Evil. Not in any mean or military sense; we didn't need that. Our energy would simply PREVAIL. There was no point in fighting — on our side or theirs. We had all the momentum; we were riding the crest of a high and beautiful wave...

So now, less than 1 year later, you can go up on a steep hill on Coinmarketcap and look back, and with the right kind of eyes you can almost see the high water mark — that place where the wave finally broke, and
rolled back.

I LOVE IT

year after year after motherfucking year
all of these threads forever
you'll lose your money
the bubble popped
its dead
again
this year
and last year
and 4 years ago
and 10 years from now
I guess what I'm trying to say is
You're a faggot and go fuck yourself OP

>>10518129
ever heard of Bitcoin, bro?

>>10518492

Enjoy holding your bags . I’ll scoop em up at the bottom

>>10518506
that still implies there is money to be made, just not buy buying yet.

>>10518624

Ofcourse. Exactly same shit happened in 2014 anon. It just has to happen again. And that is double so if institutional investors are going to participate next time.

Bottom is far away, but not long away

>>10518479
Faggot.

>>10518247
THIS FUCKING RIGHT HERE
Crypto is about overthrowing our Ponzi scheme fiat currency. You should be measuring USD to BTC not BTC to USD. Look how far USD has died.

>>10518662
it doesnt have to happen at all but crypto as a market will never completely die because it's just too attractive to make money

>>10518719

I agree in idealistic terms.
But whales and speculators came too early. It will go through many boom bust waves. This death will be at 1-3k next death phase may be at 20k after another parabolic.

are people here just retarded? do you guys not ever step out of your moms basement , put down the chicken tenders, and open a newspaper or watch news? novogratz just opened a huge btc bank, almost all major stock exchanges are soon offering crypto exchanges, coins like ripple are literally already being piloted by banks, this shit is about explode. if you think its all going to zero or vanishing into nothing, with all of the massive corporate investment that has been made into crypto, then you honestly must have severe brain damage. im taking out loans , and also putting every spare penny i have, into scooping up cheap bags right now. and if it dumps lower next week? then i will buy more.

>>10518837

You cuck

>>10518907
You idiot

>>10518837
You aren't seriously trying to sell a 2015-2016 speech to a 2018 crashing market are you? lmao

>>10518719
zoom in

>>10518719
Money laundering, tax avoidance and crime, if it ain't a privacy coin it ain't worth cheese on a whopper.

What can go wrong?

>>10518713
I second this.

>>10519019
dude seriously, i know people are caught up in the current price, and the recent slump, but seriously step back and read some of the headlines in the tech world. here let me share a few:

1. coporate blockchain spending in 2018 has already surpassed that of 2017
2. morgan stanely hires new expert to head their newly established "crypto division"
3.canadian crypto exchanges seeing huge expansion

also look a whats happening in venezuela. i mean lots of very good news on the horizon imo, which suggests crypto isnt going to just shrivel up and die. i mean lets be realistic.

>>10519118
and yet... merchant adoption for bitcoin is still going down.
kys.

>>10518129
shhh. it's sleeping. let the fucker sleep so it can wake up with a raging boner in mid-2019. drop a load on good ICO's like https://www.theaccountingblockchain.io/?aId=7543845-2892534 and sit back to watch the carnage preceding the bubble of all time.

>>10519184
i can imagine this pajeet comfy in his home

>>10519184
shhhit in street

>>10518479
HST, my man

>>10518129

Hehehe keep all your money in worthless fiat goyim, pay no attention to the fact that its constantly inflating and based on debts that will never be paid off!

Nihilism shall not stop us on our triumphant march toward saving the planet

>>10518372
Pow coins can't drop too much because it makes it too easy to 51% attack

Bitcoin isnt going anywhere, it continues to be as useful as ever, no competitor has beaten it as trustworthy digital cash, and it continues to be deflatory with limited supply and people losing coins.
The value will go up.

>>10518837
unironically this. firm I work for is getting into blockchain in the next 1-2 years.

to further add insult to the injury , here is some on point view how bitcoin/crypto is being manipulated and us ordinary traders gets trapped
https://www.forbes.com/sites/gradsoflife/2018/07/26/more-than-whats-on-paper-returning-the-favor/#3661336c8d62

>>10520658

When you realize the mathematical model behind bitcoin and it printing less and less over time guarantees it to go up,

You start to understand what kind of game you're playing.