/biz/ - Business & Finance

Bank the unkbanked... digital gold...

boil your feet in hot-scolding hot water
to boost serotonin

this is a home remedy

it is also the kino mans orgasm

>>17803919
You need to be patient
crypto flourishes when the market and world tension is stable, after the corona bullshit is over, bitcoin will go back up. Unless WWIII breaks out
stay safe dude

>>17804013
It failed the shit hit the fan test bud. I don't think it will ever be looked the same

>>17803919
>Bitcoin isn't worth a damn really did me in
It’s programmable money

>>17804051
It's not supposed to be a shit hits the fan currency. What did you think? It's reliant on internet and electricity.
It's first intent was to be used for the dark webz and other shady shit.

>>17803919
If you’re not a newfag then you should have known btc was always worthless.

>>17804137
then what the fuck is the value of it? It's been shilled on here for being "smarter" than cash because of it's scarcity. The only way usd goes down is in emergency times. It went down with it and harder. So why would anyone put money back in?

its still over 5k bro.

im confident we'll see over 20k again, and i think 3k~ is my capitulation. which probably means itll go there and bounce, like gold, while everything else collapses.
id still rather be holding btc/eth than usd

>>17804051
shit hasnt hit the fan yet.
its starting to, and each day the shit builds up, but we're not lehman yet.

when it does i expect btc to 100%+ in a day

>>17804263
>lehman
what's this

>>17803919

>>17804188
>then what the fuck is the value of it?
It's first intent was to be used for the dark webz and other shady shit.
>It's been shilled on here for being "smarter" than cash because of it's scarcity.
So, they're retarded...
>The only way usd goes down is in emergency times. It went down with it and harder. So why would anyone put money back in?
When the economy and world stage stabilizes.
People will invest because they think they can get rich and retire pre-boomer age. Just like stocks

>>17804297
https://en.wikipedia.org/wiki/Bankruptcy_of_Lehman_Brothers

>>17804263
it pretty much did financially. It has been called a hedge against fiat for a couple years now and it got completely exposed as nothing of the sort and actually incredibly dependent on a strong dollar.

>>17804376
>Just like stocks
Stocks are not greater fool speculation.

>>17804376
ok but bitcoin doesn't produce anything. It had magic value because of the potential and I think the potential was just shown to be fraudulent.

>>17804389
yes, so far. its what, like a week into everyone thinking its a crisis. everything dumped, including gold. in a few weeks/months youll see moon. you saw how fast it dropped from 8k, i honestly expect with the amount of panic/fear right now that itll go 15k+ within a day or two

>>17803919
everyone isn't quite despondent enough yet for it to turn around

we need more capitulation and despair

i welcome the dump. it means i get to buy more link

i only have 67 link. i want 100 at least

The fact that there is so much doubt now is the key to why there will be another bullrun and ath for btc. Everyone was so certain 100k next year and so it was never gonna happen. Bitcoin does best when everyone fuds it or ignores it

>>17804389
>hedge against fiat

I've been thinking about this a lot and I don't think it's really failed. I don't think it was ever claimed Bitcoin would necessarily hold its USD value in a crashing economy. I'm pretty sure it was always meant to be a hedge against inflation or worse, hyperinflation.

If there's a liquidity crisis and people are selling everything, of course the price will go down... how could it not?

As I always say, 1 BTC will always be 1 BTC.

>>17803919
Once bitcoin opened up to """normies""" like me, it was fair game. Of course people are going to wig out and sell for TP money, cue the roller coaster. It's not a SHTF currency, it's not a backup currency, it is dependent on electricity and society. I lost money too, either buy the dip or sell and cry.

>>17804479
>Bitcoin does best when everyone fuds it or ignores it
This is your brain on bitcoin.

>>17804479
I think it proved that a bunch of bankers are the ones buying it in the first place.

>>17804492
>>17804500
Ok but what value does it have moving forward? This was the scenario to show what it could do and it shit the bed. Normal people will never think it's a good investment

>>17803919
Bitcoin has been disappointing me too. If anything else it was created for this exact scenario and its failing big time. Maybe I'm wrong and itll rebound but right now I'm questioning what its actual purpose is.

>>17803919
If it's any consolidation, we all got scammed. Lives have literally been ruined. I've lost money, opportunity cost and most importantly prime YEARS of my life. I'm finished with Bitcoin forever now and feel like a weight has been lifted.

Now I am free.

>>17804582
>>17804590
lol

>>17804568
nobody is looking for a good investment now. everyone is in panic mode and looking to de-risk everything.

What you're looking for is the cheapest thing when the bottom is in, that will provide the maximum returns. I'd say we're about to move into a new age where infinite free debt on negative rates will end. My guess is it'll be backed by scarcity, like gold, except its digital. Like ERC20, except itll be the banks that release it.

at that point youll have a choice of using regulated official crypto, or decentralised bitcoin/ethereum

>>17804582
>If anything else it was created for this exact scenario and its failing big time.
no it wasn't it was created as an alternative to central ban fuckery and continuous inflation. it has been and will fluctuate wildly that doesn't mean anything. fiat is better store of value short term bitcoin is better long term gold jut plain sucks.

>>17804422
The value was the opportunity to make money. Stocks that doesn't produce... Dollars without gold backing... Crypto without purpose...
The only safe bet for a collapse is prepping or metals

>>17803919
>i'm gonna die
excellent. killing boomers and now fags. this chrona chan is shaping up to be excellent.

>>17803919
Why would you think it's worth nothing you fucktards ? It literally didn't drop price in anything but fiat. Trump just announced printing another fuckton of dollars. Several economies like Argentina, Iran is failing, and the cornerstone of the already failing world economy is the dollar, which is currently inflated even further on top of the former QE-s. You retards fail to see that Bitcoin and the rest are becoming the new global currency, yet you keep measuring the price to the dollar, which is the source of your misunderstanding.

>>17804643
that same central bank just kept the stocks alive

>>17804684
To become a new global currency, people would need to adopt it. Something that is not happening with Bitcoin. In fact, it is the reverse.

Maybe you should leave your crypto cult bubble and join the real world with everyone else sometime.

>>17804568
again I just see it as a hedge against runaway inflation, like gold, except it's digital, so it's easier to trade globally. I mean it's called digital gold for a reason

my thoughts always go to Venezuela, where anyone there who had bought Bitcoin before they experienced hyperinflation would've been much better off than if they hadn't

if you don't like bitcoin or don't believe it will survive, just buy gold bullion

>>17804684
It just proved that it needs the dollar to be worth anything. You are not only gay but also retarded. Pretty common combination around these parts.

>>17804780
>It just proved that it needs the dollar to be worth anything

How so? I'm not sure I understand what you mean

>Feel low energy, weak, low libido
>start taking caffeine pills (400 mg a day)
>Feel alive, powerful and ready to masturbate all day

Take the caffeinepill

>>17804684
Shut FUCK up bitch

Bitcoin's reputation has been FOREVER damaged. It wasn't supposed to fall this month but it crashed. It's been exposed as a sham and a piece of shit. It's over little man stop shilling this rotting carcass

>>17803919
Bitcoin is extremely valuable
BTC on the other hand is a dysfunctional shitcoin which is headed straight to 0

>>17804794
when the dollar and stocks were falling it took bitcoin with it. Meaning it needs a strong economy to have value. So it's basically just another tech company that is selling tech you would only need if the dollar crumbled but in reality it crumbled with it and even more actually. Completely undermining it's value. Therefore it's fake news in the first place

>>17804834
BTC is bitcoin you newfag. The only other option is you're trying to talk about the BSV scam campaign of claiming to be bitcoin, but that wouldnt make sense since BSV did a 50% nosedive, worse than BTC.

>>17803919
I've been trying to quit smoking for my entire twenties. Currently unemployed and watching this market, don't have any cash, behind on bills, smoking more cigs than ever, drinking coffee, getting really bad crash headaches from everything altogether.

I can't bring myself to sell any of my stack. But I might have to. No sense waiting another 2 years on this market if my health goes to complete shit in the mean time.

3K was capitulation
1k8 will be depression

>>17804801
It is already in adoption in places where it's a better alternative currently. It is just about right that the dollar is not yet in a hyperinflative state, so in these areas the dollar is of course preferred. But places like Venezuela and the likes are in a really bad shape and for them it's convenient for obvious reasons. It is currently easier to hide, and on top it is also corona free. If any of you thinks that the current currency war, which is by the way on since 2008, is going to end by the US inflating everyone else's reserve currencies without any further damage you are wrong. The interest rates are near zero since and a half fucking decades. Bitcoin is not smart and so far only money was poured in motivated by fear, but the current system will never be functional again whatever you want to say. Last time when we had such a major failure during the Great Depression, the gold standard had to go. If you see any other option even remotely close to being able to bring a twist to the current economy with 10 years of propaganda behind it to help adoption, please enlighten me and tell me what it is.

>>17803919
serotonin doesn't make you happy bro

Whales are already looking for a price floor and a breakout. You're retarded if you go full on Peter Schiff on this and start crying about it going to 0. Prices will find a floor, the markets will stabilize. Yeah bitcoin is volatile, no fucking shit, it's a speculative asset and global economic conditions are extremely volatile right now.

Or whatever, be emotional and sell.

>>17804870
I'll admit that it's difficult or impossible for me to explain why, but I don't see Bitcoin's value in USD or any other fiat currency as particularly important. I think it will prove to be valuable in and of itself.

As I see it, you should be looking to acquire as much Bitcoin (sats) as you can irrespective of price, and if you can buy low/sell high in the meantime to acquire even more Bitcoin, all the better.

FWIW, I feel the same about gold. Bitcoin is more risky but might be like "buying gold at $10" or something, who knows what its potential is. Or maybe it has no potential at all and is fatally flawed.

>>17805027
but gold will always have real value in the worst of times. It also has a couple thousand years of proof. Bitcoin just doesn't.

>>17804188
>i fell for the meme

>>17804188
>then what the fuck is the value of it?
What the fuck is the value of gold, beside it being a rare shiny rock? It's the same thing dude, except this one needs electricity.

>>17805343
I have zero dollars invested in crypto never have

>>17805363
>>17805232

how about you can actually hold it

>>17805363
>What the fuck is the value of gold, beside it being a rare shiny rock? It's the same thing dude, except this one needs electricity.
Don’t worry, it’s not something you’ll ever need.

>>17804013
>digital gold
>sells off harder than stocks
>has zero value for shtf

kys you fag

What happened has kinda destroyed the sentiment amount crypto/BTC. People always went with the narrative that it'd strive in a recession but it did the opposite. Crypto is also prob the most speculative asset ever known, they're gonna always be the first to be sold in times of crisis

>>17803919

Naaaa so where's your digital messiah now, huh Moses?

>>17805550
Not stablecoins, they fucking skyrocketed. What does that mean? It means that RSV will obviously see massive usage in times of crisis as other more popular coins reach prices of up to $1.06 per $1. Which means if you have RSR you could easily get rich from it, but you retards should stay poor forever in your shitty BTC and Chainshit.

>>17804710
artificially

>>17805851
it's proven to be a better model than bitcoins. TEST=Failed

6 months from now your portfolio will be up from what it was two weeks ago. Hang tight fren. It’s gonna be okay

>>17805550
We still don't know how it will do in a recession. The recession in 08 took like 2 years to bottom out, and houses didn't hit their low until like 2012. This is just the initial shock, btc will start rising again while the economy stalls for the next two years

>>17806357
For all we know this could turn out to be the best thing that ever happened to Crypto. Correlation doesn’t equal causation, regarding the recent mega-dump. If big stocks do poorly people might turn to alternative assets. It’s a huge maybe but it’s not out of the question

>>17804710
yeah but there is always a price to pay. and that is where bitcoin shines.

>>17803919

Bitcoins true purpose was only ever to be a flare that in its dying light showed the truth.

Chainlink

>>17806966
not saying it's not admirable what it was trying to accomplish it just didn't and all signs point to won't. Good luck

>>17804188
>then what the fuck is the value of it?
it's still in infancy
it's a long telm gold hodl
All the gains you'll be able to collect them when you will be boomer

>>17804401
yes they are lol

>>17807380
we will see way too early to tell
if all it does is be a digital tulip i'm fine with that also

>>17807634
sorry about the trip forgot to lose it from an other thread

>>17807634
don't know the end game just know that it acts like a stock and is more volatile and I don't think any normal person would invest into it at this point. It failed the test.

>>17804339
except that graph should be trending to $0.00 USD
LOL

>>17806357

It got slaughtered over the course of like 2 days man. And that was at the first sign of an economic downturn. Crypto is good in times of stability or growth, the next few months are gonna be a mess worldwide and BTC is the last place anyones gonna wanna risk putting their money

>>17805505

imagine thinking you have to pay a kike to get a shiny rock in order to get married

>>17808308
you know gold is in a lot of our electronics right?