/biz/ - Business & Finance

they are already dead m8.

https://99bitcoins.com/bitcoinobituaries/

>>10805432
delete this

>>10805425
Unironcally we are at 5 to midnight

>>10805432
Closer to zero for every article, they are all correct.

People have been saying crypto is dead since Btc was $10...

https://www.wired.com/2011/11/mf-bitcoin/

Only brainlets would suffer through a bear market and then exit at a loss (relatively) near the bottom

>>10806723
this is not even close to near the bottom. every rally revisits the last top. bitcoin is going to ~1000$. Then you'll beg for 6500$ prices again like we all did back then

>>10806163
https://www.forbes.com/sites/timworstall/2011/06/20/so-thats-the-end-of-bitcoin-then/#2f877db95d71

>>10806723
if you don't understand the difference between that, you're the biggest brainlet there is
it's post-hype, there's no use for it. if it were to become too big, government would stop it. maybe fun for in a shithole country, but that would make it worth below 1 dollar cent

>>10806751
ok

>>10806751
this. late adopters aren't interested in any fucking alternative money, the market will continue to die as they continue to give up on their get rich quick meme, it doesn't have enough else going for it relative to the size of the market

I'm just going to leave this here, you can make your own conclusion
https://www.youtube.com/watch?v=GplIBqy3taY

its over

>>10806747

you realize under _current_ conditions $1000 btc is impossible

mining cost is like $4-6k would require a SIGNIFICANT drop in difficulty (miners mining) to even get close to $1k

and since difficulty has been going up every year... no wonder price keeps going up :))

as long as it keeps going i'm bull

>>10806932
Jesus Christ you fucking retard!

Just because it costs 4~6k to mine a BTC, that doesn't mean the price will stay at that range. It would cost me several thousand dollars to dig a fucking big whole in the middle of nowhere, yet nobody would pay me for that. Would you pay me? No because you don't give a shit how much I spent to make that useless whole.

The exact same thing happens with bitcoin, if volume and demand goes down for whatever reason, it's not the mining costs that will hold the price.

>>10806983
Jesus Christ you fucking retard!

Just because it costs $1k to mine gold, that doesn't mean the price will stay at that range.

>oh wait, gold price does stay above production costs

:weird:

>>10806994
Why don't we make mining more expensive then? We could hit 100k per BTC and we would all make it!

>>10807034

that's literally what has been happening

>>10807034
McAfee has said this a million times and nobody listens. Smh.

>>10806983
In a market where cartels have shown an ability to push the price wherever, it means exactly that. The producers of the coins have enough USDT and BTC to wash them toward specific targets. In a world where 80+% of the volume wasn't faked, there might be market forces, but that is not the market we have. We have one that follows a very unsophisticated choreography.

Today's market is based around stop loss hunting margin traders and propping up the "going rate" for BTC with short altcoin pumps that always go back to BTC leaving a lower low. When that's all done and altcoins are dead and BTC starts to go down, miners will inject more fiat and buy media cycles and sponsored content to renew interest and drag a new round of normie investors in. Then the cycle will reset while they grind down the market yet again, all the while cashing out their mined BTC.

Eventually there will be a golden bull (February 2019?) when it looks like ETFs might actually happen to allow for the massive liquidity to pass unprecedented bags on.

>>10807075
That's great. I was here thinking the price was all about supply and demand, but no, it's tied to the production costs.
So as long as it takes $5k to mine, tech doesn't matter, other competing cryptos don't matter, price will stay above $5k.

What a relief.

>>10807171
Cost of mining is mostly a meme. The difficulty is flexible. Did you think Bitcoin cost $5k to mine back when they sold for 20 cents?

>>10807171
you're going to be very disappointed to learn no mining is necessary to trade the price well below 5k on the exchanges

>>10806983
>whole

>>10807144
>Eventually there will be a golden bull (February 2019?) when it looks like ETFs might actually happen to allow for the massive liquidity to pass unprecedented bags on.

I am sort of not surprised that every single lightweight intellect who has read the sec judgement managed to miss the key criteria for disapproval: the market is just way too small. that means categorically there will be no etf and no golden BR

>>10807232
>market too small for institutions
Damn it feels good to be an early adopter in the year 2018

>>10807263

Anyone with alts is unironically an early adopter.

>>10807206
They weren't mined with huge asics farms that are useless for anything else back then though.

>fell for the bitcoin meme

>>10806983
Bahahahahah imagine being this fucking dense and also emotionally charged while showing everyone your lack of thought. haHAHAHAHAHAA YOURE FUCKING RETARDED. MINERS SET THE PRICE NOT YOU ALL IMPORTANT SPECULATORS HAHAHAHAHA

>>10806878
Interesting. Would they make one token worth only 1 dollar as a standard though? Or would it be as volatile as bitcoin?

not close at all

bitcoin is unironically bigger than ever before

>>10806932
I see this garbage posted so much. Do you brainlets actually think the market gives a flying fuck about mining costs? Are you retarded dude?

FUCK SHITPANDA

Working for foodpanda as a fucking rider and they dispatch team acts so rudely if you're late.

Capitalism piece of shit

Today, I told the dispatch that area was super far away from my current location and it would take me 1 hour to complete if they don't reassign me a new order

it ends up becoming 1 hour and they talk shit to me,
i feel horrible because i was running to get the food delivered and was sweating like a dog under the scorching sun and this is the respect i receive all because i am late... the customer who took the food was from me made a shit face and closed the door on my face. The dispath told me to say sorry to him for bein late also which i did. This is humiliating.

Fucking hate this job
Walked 30km today for foodpanda and bein paid shit meanwhil bastards sitting at home get paid my decade worth salary in a month...

Can someone tell me if it is possible to hack their apps "Rooster" and "Roadrunner" which are not accessible through the app or playstore and fuck around with the shifts, basically not recieve a single order for pickup etc and i just keep earning money sitting at home. They tell us to use those apps so that they can track us via GPS, i know how to fuck around with GPS but i don't know how to fuck around more intensively

I want to hack foodpanda and fuck their company by taking over all the accounts and accepting orders and clicking picked up and leaving it st that
Customers will get mad about the long waiting times and will go use the competition

This will render foodpanda obsolete

>>10805425
Two years in a coma, then start all over again

>>10807432

Shh we're trying to shake out the normies.

>>10807507
Look Tommy, a loser. Now study hard you dont want to end up like that commie trash.

>>10807507
Stop
>>10807112

>>10807507

Nobody cares commie trash.

Get a real job

>>10807278
>Anyone with alts is unironically an early adopter.


what if they bought between january and july like my brainlet ass?

>>10807420
let me check my crystal ball

>>10807034
>>10807075
>>10807100
>ok great, I just spent months mining for 1 BTC and it cost me $100k in electricity!!!
>now all I have to do is....put it up for sale on the open bitocin markets?
>HELLLOOOO< WHO WANTS TO BUY MY BITCOIN FOR $100k.....ANYONE???? HELOOOOOOOO ITS A DIGITAL COIN
>SOMEONE BUY IT PLEASE FOR THE LOVE OF GOD}
>OK HOW ABOUT $50K
>HOW ABOUT $25k JESUS ILL SELL IT AT A LOSS

*opens up coinbase on 2020

>OHHH GOOOOOOOD ITS BELOW THE COST OF PRODUCTION I CAN ONLY SELL IT FOR $6K, ITS STUCK IN $6K HELL FOREVER

>>10805425
It's over, bro.

You got scammed

The sooner the better

>>10807653
Hello good sir. I promise this cone worth 100k USD because that’s what I wasted on it, sir.