/biz/ - Business & Finance

what happened to the legit companies stocks after the dot com bubble? Like google, amazon, ebay etc....

Yeah keep selling the bottom.

>>11881920
lol

>>11881978
>He thinks he knows which cryptos will make it long term
>He thinks one of those is BTC
You're gonna be in for a good jimmy rustlin'

>>11881920
ROFL

>>11881978
for every 1 that is around today, 1000 failed
also, those companies actually attempted to produce something ( actual products, dividends for investors)
This is a literal ponzi, backed by nothing more than greater fool theory

>>11881920

You're literally describing years 2014-2017 but in reverse order : )

I bought Amazon at the peak... so very well.

Similarly, I bought Bitcoin at $1300 while everyone was making fun of me for 3 years, now I don't give a fuck about the price, I know I will be uber rich in another 3.

>>11881978
yes, and how many cryptocoins are legitimate companies that earn money each year? you are buying worthless tokens that don't generate any revenue, not genuine shares in a company. biggest fucking scam we'll see in our lifetimes.

>>11881978
Google, Amazon and eBay actually produced useful products/services.

Crypto has not. If you were smarter you would have realized this months ago.

>>11881978
>what happened to the legit companies stocks after the dot com bubble? Like google, amazon, ebay etc....

They weren't Ponzi schemes like Bitcoin.

>Yeah keep selling the bottom.

The "bottom" is getting lower.

>>11881978
>implying there is a single legit company in crpyot

OH NO NO NO NO NO

>>11882888
a get died for this
what a waste

>>11883294
>having inmutable unconfiscable money that you can use to cross any borders seamlessly isn't a multi trillion dollar worth product

>>11883492
money nobody accepts is worthless my short-sighted friend

>>11883524
>gold is worthless because no one accepts it
>bitcoin (objectively superior form of money) is worthless because i cant do groceries with it
imagine

>>11883524
good luck trying to get random faggots on the street to accept gold, they'd think that you're trying to scam them with fake coins
in contrast, someone can just whip out their Bitcoin/Ethereum/Litecoin app and accept that

granted, a payment processor like Paypal is much faster, but you have to deal with chargeback fraud
this makes cryptocurrency optimal for use in online markets, which were the first to adopt Bitcoin

>>11881978
>he unironically thinks he can somehow pick out the google or amazon out of over 2500 shitcoins
peak dunning kruger

>>11883492
If you're going to try to look smarter by being verbose, you need to at least spell the unfamiliar words correctly. And at any rate, you're wrong, because unless the only place you do your shopping is on the few online stores that accept it and dark web marketplaces, you are going to find out how 'seamed' it is when you try to cash it out into money you can actually spend, fiat.

>>11883544
>People don't accept gold

>>11883369
lol

>>11883763
>People don't accept bitcoin

>>11881920
>Two crashes are similar because they are both crashes
The dotcom crash and crypto crash have nothing to do with each other. Leave/biz/ shitcoiner, your time is over.

>>11881920
For me that trend of thinking stopped after 5k since then I think 3 digits is very probably and it looks I was and I am right sadly

>>11881978
>he thinks it's the bottom

>>11883941
Did I say that you dumb cockroach?

>>11883721

Crypto is the future, but not today is my motto. To even get crypto currency for the average normie takes too long.
> Create coinbase account
> vet verified ( can take days)
> verify your payment method ( can take a day)
> great now your able to buy! But wait, your limited to how much you can buy because your a newbie! Gotta be buying for a couple days to unlock those higher rates!
> Did you want to buy one of those alt-coins?
Don't worry you just need to create another account on a completely differen't website and get verified.
> You verified yet? Ow great now you need to get your key and copy it precisely or your fucked.
> Don't worry it can take several hours to confirm!
> You want to buy products or services? You want to pay for a VPN with crypto? Great, if you chose one of the quicker coins it'll take a blisteringly quick 30 minutes or more to confirm!

>>11883941
Good luck bartering for goods and services with Lambos.

>>11881920
Dude it won’t break 6k the miners will have to shut down

>>11883968
actually they're not that unrelated, many of the dotcom bubble came from companies just adding .com to their name (hence the name of the bubble). stuff like pets.com was literally nothing except the dream of "uuuh we do pet stuff... ON THE INTERNET".
Compare that to the endless amounts of shitcoins that are just "uuuuh we do X stuff.... ON THE BLOCKCHAIN".

>>11881978
>he thinks any of this shit is legitimate

It. Was. All. Rigged.

>>11883246
>>11883294
>>11883343
>>11883365
Bitcoin is a ponzi no doubt but how can you say smart contracts have no value. Automation is coming whether you like it or not.

>>11883711
>scared money
Why not leave this board and put your money in a mutual fund that's more your speed

>>11884139
>how can you say smart contracts have no value
Very easily. Look at CoinMarketCap every day. Even with all the market manipulation, you can see everything declining in market cap and value. Obviously the market isn't motivated by smart contracts, or crypto wouldn't be shedding the annual GDP of most African countries every day.

>Automation is coming whether you like it or not.
I don't know what role this plays in your magical thinking. Are you supposing that androids are going to suddenly become a major demographic and invest their money in crypto? I'd be okay with that as long as some of them look like 2B.

>>11882906
>he's going to lose his moon tickets into "bitcoin 2.0"

>>11884010
>gold is dead because you cannot buy goods and services with it

>>11884237
Aren't smart contracts supposed to gain value through raising interest over time?

>>11884266
Gold has intrinsic value. Crypto does not. When people start making rings and necklaces out of cryptocurrency coins, let me know and I'll apologize for doubting you.

>>11884287
Not if no one is using them, no. Normies don't understand them and the market being manipulated endlessly by criminals really isn't helping push crypto any closer toward real adoption. If the best use-case for buying crypto is 'we'll get an ETF soon!', you know how fucked things are.

>>11883544

Noones going to play $50+ transaction fees. Get it out of your head. BTC is trash.

>>11884373
>Gold has intrinsic value. Crypto does not. When people start making rings and necklaces out of cryptocurrency coins, let me know and I'll apologize for doubting you.

>>11884528
Now you're getting the idea, /biz/. The idea is to repeat the intelligent stuff you hear other people say, not the dumb stuff.

>>11884373
>intrinsic value

>>11884675
Froglet, if you can ever get that far with a woman, try giving her a ring made of stainless steel and see how far you get. You will understand what I meant about intrinsic value.

>>11884528
crypto has no value yet, bitcoin has value however, it monopolizes the proof of work energy use process as being the first and more resilient pow coin.

>>11884237
why would you even reply if you have no idea what smart contracts are? I know you can barely read but you should be able to understand this: https://hackernoon.com/everything-you-need-to-know-about-smart-contracts-a-beginners-guide-c13cc138378a

>>11884373
normies don't need to understand them. lawyers do. and yes the market is absolutely being manipulated by faggots like craig wright but that doesn't negate the value of automating entire industries. but whatever, buy gold. that obviously has value since the price always goes up. oh shit thats right its worth way less now than 5 years ago. gtfo boomer faggot you dont know shit.

>>11884959
Do me a favour: take out a loan and mortgage everything you own to buy more smart contract cryptos, 'kay? That'll teach me.

>>11884528
lol,
I have Univals, which is Cashgold from karatbars international and has QR/String ID embedding in holographic format. this enables the gold to be on the blockchain and logistically monitored by moving from ATM to ATM in which the gold can be traded for Satoshi's, Government Fiat, or Karatcoin Bank or KaratGold Coin cryptographic assets.

<iframe width="560" height="315" src="https://www.youtube.com/embed/EbYPn_4m7tQ" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>

https://youtu.be/EbYPn_4m7tQ


Karatbit.com
Karatbit.exchange

trade today.

>>11884871
Smart contracts are worthless.

>>11881978
>what happened to the legit companies stocks after the dot com bubble? Like google, amazon, ebay etc....
>Yeah keep selling the bottom.

those companies did something that Crypto hasn't figured out to this very fucking day; PROVIDE A GOOD AND/OR SERVICE. Fleecing idiots doesn't count besides schadenfreude.

>>11884988
>favour
opinion disregarded

>>11885100
they're as worthless as TCP/IP

>>11885060
fuck off pajeet