/biz/ - Business & Finance

>>16247846
>PoS is the future, frens.
No

>>16247872
Your loss. You think Trump's "clean coal" industry is a smart investment too?

>>16247846
>environmental catastrophe
We have so many industries raping the environment and they're trying to exaggerate BTC energy usage and extrapolate that out to make BTC seem doomed, We've seen this before bro

>sweden
>relevant to anything
who gives a fucking shit what some shit desert muslim country does

>>16248513
Indeed. I bet the google, or netflix or fb server farms shit all over BTC energy use.

>>16247893
So dramatic. You need BTC to keep gaining $ for other cryptos to go up. BTC is the easiest to moon because it has market scarcity and the highest demand. Those easy gains get filtered to your shitcoin, calm down and ride the 4 year cycle. Don't fight BTC this time of halving

>>16248532
You're right and it's just the tip. The Banks massive databases and brick buildings out number BTC mining farms.

This energy consumption stuff is tether level BTC FUD, these people probably hold BTC forks.

>>16248532
>>16248574
Google, Microsoft & AWS data centres provide utility for productivity for the global economy - also becoming more energy efficient for the future. BTC is literally a casino for 2 million (at most) speculators. The energy wastage is egregious and will be under heavy scrutiny over the next couple of years.
>>16248538
Actually, it was altcoins that initiated the last bull, and BTC's gains were pathetic in comparison. Also, tether is now king for pairings. BTC will continue to lose popularity as more stablecoin options become available.

>>16247846
Sweden is a Muslim country, who cares?

>>16248574
>these people probably hold BTC forks.
>implying BTC isn't a fork
>implying bch or SV isn't PoW

>>16248713
Forget Sweden, this is a new trend for investments. BTC will use more and more energy becoming very unpopular in the first world.

>>16248731
BTC has a halving coming up and doesn't facilitate shit. So calm down, the hashrate will fall yugly unless it manages to skyrocket in price and hold it.

>>16248696
>Actually, it was altcoins that initiated the last bull
Alt coins popped in 2016 when BTC was under $500? No one knows what an altcoin is. Sorry bro, everyone came for BTC and a few of us found alts but look at the volume, they're mostly faked or dead.

>>16248731
>BTC will use more and more energy
until it doesn't. The options to fix this issue are limitless, it's upgrades that altcoins are perfecting before BTC imports them.

>>16248728
>BTC isn't a fork
you forkers, both BCH and BSV need to realize that greed is more important than TX fees.

Most people bought BTC to hold, not sell. If you want to sell something wait for your BTC to go up and sell one of your many forks.

Oh your coin is great at being sold and has fast velocity?

That doesn't help price go up like you thought it would.

Call whatever you want the real BTC but if your shitcoin was worth it's sats it wouldn't need to steal BTC name. Become a better version.

>>16248876
Speculation is the only thing driving BTC. Before it did have other factors driving it's price. Now it's a completely unusable incumbent shitcoin. Shits never reaching 20k again. Enjoy the next year of crabbing 8-12k until eventual chain death because businesses all built on the stable protocol that scales, BSV.

>>16248876
>Alt coins popped in 2016 when BTC was under $500?
yep. there was heaps of optimism amongst smart money - all crypto was in stealth phase. moreover, many people still don't even know what a fucking bitcoin is.
>until it doesn't. The options to fix this issue are limitless, it's upgrades that altcoins are perfecting before BTC imports them.
with the nature of BTC upgrades, something may happen when? 2025? it's literally over already

>>16248930
>implying any businesses worth a fuck accept BSV
Lmao

>>16248930
>Speculation is the only thing driving BTC
This has always been the case you idiot. You think people bought BTC for anything other than drugs online and speculating? BTC is still just a slower more expensive version of whatever your shitcoin is.

I love ETH but it's slower than BTC sometimes, most of these alts are slower when you use them in real life because the exchanges require more confirmations and they're batched much more slowly.

So in the real world when most of use these, they're actually shittier and most have higher exchange withdrawal fees too.

>>16248958
>many people still don't even know what a fucking bitcoin is
> it's literally over already
You guys are dramatic and emotional and you deserve to have your sats drop.
You can try to act like alts started the 2015-16 bull-run but you can't even list the coins or dates.

People are too smart to think BTC is dead. It's been called too many times

>>16248930
> (BTC's) death because businesses all built on the stable protocol that scales, BSV.

go to bed creg

>>16249174
>People are too smart to think BTC is dead. It's been called too many times

This is the unironical literal mainstream market sentiment, btc has proven itself resilient. If anyone thinks btc isn't being set up for stream lining and mass adoption by now, they are delusional.

That being said, politicians are suckers for big shiny moral plays, and the environmental one could be dangerous for btc if not handled correctly.

>>16247846
>Sweden
>Relevant

>>16249299
>If anyone thinks btc isn't being set up for stream lining and mass adoption by now
Who cares? BTC doesn't need it. BTC just needs human emotion to play out the same cycle every 4 years. It actually gets easier and takes less money for BTC to moon as time goes on. BTC gains holders and cuts supply to sellers.

It creates a situation where the market has fewer and fewer BTC to fight over. Creating something similar to what central bankers said a deflationary currency would do.

It's not hard to figure out what % of coins move, what % of coins are being held for x.

This cycle is only beginning to be understood, once more buyers enter and hold supply gets constricted.

Central banks have started buying BTC now, it's not cash, it's a hedge

I'm sorry you guys fell for the wrong stats

>>16249427
BTC is a poor store of value. Also, Central Banks are buying gold, not bitcoin. You corecucks are possibly the most delusional of all crypto holders

>>16249467
>BTC is a poor store of value
Yeah I agree on timescales under 3 years, so what. Anyone who reads the charts see's it's volatile short term. Long term BTC behaves perdictably

Venezuela has started CB's buying BTC to put next to gold, silver, $, etc.

Central Bank's hold treasure and jewels, artifacts and royal hierlooms. Shit even mummies. You think they won't buy BTC?

Venezuela is only doing it because they have to. Maduro is clinging to any life boat and now BTC has started to be stored in govt vaults.

How many coins will they hoard?

>You corecucks are possibly the most delusional of all crypto holders
BTC is the majority of crypto in many ways, everything else is still trying to scale up to BTC's size.

Why do you guys care about core, Roger Ver, or faketoshi more than the product?

I understand the history and don't agree with core either but my wallet is more important than my ego to me.

I'll be wrong but I learn from it

>>16249564
>Venezuela
BWAHAHAHAHAHAHAHAHAHAHAHA! YOU FUCKING PEANUT. GTFO MY THREAD

>>16249158
There is far more to Bitcoin than accepting payments. Something king shitcoin can't even do properly.

>>16249174
No, businesses were begining to adopt it before it shit the bed and BTC has been limited for so long nobody ever even had the chance to use it for applications outside simple payments. So even with if you want to just argue that BTC was never more than speculation the fundamentals have completely changed. There is no investing in a system that will someday facilitate all the world's commerce. People only speculate on it being a "store of value". That isn't going to work in the long run business are running on a completely different chain because its protocol is stable and it scales massively.

>>16249639
>People only speculate on it being a "store of value".
You guys can't read? BTC has a million reasons people buy it.

I came into BTC with an understanding of fiat and fractional reserve banking. It was always easy for me to see that BTC is a hedge against another round of QE and bank bailouts.

I knew interest rates would go negative because financial reporters and economists warned us for over a decade. Trends were removing options other than equities from our playbook. I knew this would keep happening until we had negative rates and the money flow to BTC would surge. We're only now hitting negative rates, it's only starting.

You guys look at a BTC/USD chart and you see 2 forces buyers/sellers of BTC and buyers/sellers of USD. Supply of those two forces is very important. BTC has an extremely small supply constricted by many diehard holders, lead by satoshi. Those coins are more than 5% of the mined BTC.

BTC's demand is so much bigger than these altcoins too. Now we know how many like BSV and XRP fake volume. BTC is the only thing that matters but sleazes will shill you any bag

>>16249775
>People only speculate on it being a "store of value".
>You guys can't read? BTC has a million reasons people buy it.

Can't you? You literally only gave me a store of value speculative analysis.

>>16249900
I never said store of value was BTC's use case. I said BTC is a poor store of value for timespans under 3 years.

I bought BTC because I couldn't afford stocks and knew I wouldn't retire early working for other people.

I bought @ 2x a month for 4 years and retired before my mom

Poor people can't keep a big % of wealth in a savings accounts at -% interest. I got out of the rat race early and only BTC will fit as a guaranteed retirement in 4 years fund. No smart adult would trust another alt with their retirement fund. The fees on stocks were eating me alive before I stopped trading those and the gains can't compare to crypto. BTC is a poor mans coin, I needed gains and couldn't risk it on a shitcoin because it was my retirement savings $3k total when first bought BTC

BTC is better than any 4+ year savings bond created. What are pensions going to do when boomers retire next year in record numbers and stocks take a dip. Junk bonds wont save them at 4%.

BTC is forming it's own unique place with many uses but you idiots are too stupid to count them all. Or you think a crypto is a crypto and one will rule them all.

Keep praying that happens and learn more about fractional reserve and how it inflates our money supply. Read about central banks buying assets left and right.

If you understand monetary policy BTC is a no brainer. It's just hard for you guys because we were raised to think Banks should take our savings and be bailed out. They shouldn't ever when the US FED is the lender of last resort, that's why Satoshi created BTC. It's the banks not the $ he was after, duh

>>16247846
>he doesnt know the heat from server farms can be re-used to heat cities

>>16250191
Again you wrote all of that and just reiterated on how BTC is a store of value. Yes, I understand Bitcoins monitary policy. Yes, I understand fractional reserve banking. Yes, I understand how Bitcoin works as a hedge against against fiat and stores your value.

Like I said the fundamentals have changed. Speculators on BTC cannot speculate on anything other than store of value. You tried twice and both times it was the same speculative analysis.

>>16250302
>speculate on anything other than store of value
That's exactly what gold, every currency, savings bond, retirement fund, stocks, real estate and every other crypto are. You think because they're potentially used as money in the future so that speculation isn't storing your value.

You're splitting hairs arguing about pennies and seconds.

BTC is bought more as future cash than any other alt. Look at the volume you clown.

People don't speculate on BTC future cash because of it's current TX times vs shitcoins no one has heard of. It's the resources and energy that draw in builders into BTC. No one has as much invested in those areas.

Medium of exchange is the only reason someone would buy a BTC copy.

Medium of exchange is a horrible use case for speculators. Id rather steal your coins sell them for BTC and send the BTC to satoshi then let fuckers sell my BTC.

You idiots can't change your view after you get an idea. Sorry BTC isn't free to send around the world in nanoseconds but that's better for price anyway. Go learn about velocity of money before you want cheaper TX

Alts taking the cheap TX segment will save BTC a lot of losses from the emotional fomo sells. Plus these investors actually sell there BTC, for fucking goods.

I'm trying to get rich and bobos keep flooding the market by selling for shit.

Oh look you sold your BSV for a cup of coffee, that's good for you guys. Stay the fuck away from Bitcoin

>>16250439
I'm not splitting hairs, you only understand Bitcoin from a hodl (store of value) mindset.

>It's the resources and energy that draw in builders into BTC.
Nobody is building on BTC.
>No one has as much invested in those areas.
How have you not come to understand why that is? This isn't a problem on BSV, people make shit for it like everyday.

>Oh look you sold your BSV for a cup of coffee, that's good for you guys.
If you think instant and near free transactions are all about coffee then you've completely missed the forest from the trees. Judging from you not understanding why there seems to be a lack of applications built on BTC I'm probably right.

>Stay the fuck away from Bitcoin
I'm all in Bitcoin, I'm trying to help you out.

>>16250439
Are you arrogant? stupid?
Nobody builds on BTC. It's dead end.
Transaction speeds didn't improve since 2010. Nothing changed.
Are you on some hallucinogens, man?
Stop ignoring real facts, go and look yourself what is being done to BTC. Where is promised things?
Look at the post above me, he's trying to wake you up too.

>>16247846
Btc hashing power will halve anyway pretty soon.

>>16250546
>you only understand Bitcoin from a hodl (store of value) mindset.
That's my focus here only to save time.
The problem is you think SOV and use case are separate from each other. You think Hedge against QE bank bailouts, or theft by politician isn't a use case.
Do you want to talk about BTC as a Swiss bank account (SOV)? Do you want to talk about BTC as an international remittances? Because my girlfriends family won't take altcoins. They want BTC or Western Union, don't know where to cash a ripple token.
Let's talk about how over and over in human history when the troops come to take your stuff, you have to eat, bury, hide and shove your gold up your ass.

BTC might not be very useful to an American with a 401k, exposure to all traditional assets and large amount of money.

BTC's best use case is for weeding out the dummies in crypto. If you short BTC/USD and hold any crypto, you shoot yourself in the foot.

>>16250546
>Nobody is building on BTC.
>>16250572
>Nobody builds on BTC. It's dead end.
how dumb are you guys? Everyone in the world knows BTC is the only crypto. Us nerds can fight over 2nd-last but everyone sees the amount of $ coinbase makes on BTC trades, We see custody solutions that cost 100's of millions to set up.

You idiots look at dapps and go no one builds on BTC.

I look at companies that are worth $1 billion dollars and see most of their fees are from BTC trades, BTC articles, BTC custody, BTC ETF's like grayscale. I see an industry in japan that gets BTC even more than in the US.
Count the dapps on chain, that's a cool metric. That won't decide price movements
>>16250572
>Are you arrogant?
My scoreboard is better than your guys. Building spam bots for BSV is cool but it's not helping BSV beat BTC, except in spam volume. We only care about $
Price hasn't been affected by TX speeds staying the same for 10 years. Thanks for telling us, now why should I care if it doesn't matter much on price?

I'm more interested in Gemini, Abra, bakkt