/biz/ - Business & Finance

> the halving changes anything in terms of market value
good bait

the halving means every bitcoin must get pricier or else the whole mining operation is a bust. no reduction in hashrate can stop that.

>>18131974
>**ACTUAL REALITY**
the trustees of Gox ARE HOLDING ON TO ACTUAL VALID CRYPTO like BTC and BCH and dumping 200k of toxic trash shitforks like BSV onto the market to CRASH TO ZERO. DUMP your TOXIC TRASH shitforks like BSV **NOW**

>>18132222
FUCKING CHECKED
bsv is blown the fuck out now confirmed.

>>18132222
This is misinformation. 1st the dump planned at the BTC halving has nothing to do with the Mt Gox trustees. 2nd the trustees will do what ever the fuck they want with their cryptos. 3rd it is extremely likely they will only access their crypto post BTC halving, so the dump will already have happened. 4th they will probably be sad they went for the crypto instead of going for cash.
Stop spreading bullshit. I'm not shilling or advocating for anything. This is a public warning.

>>18132568
you're a gay homo
all of the btc has already been 'pre-purchased' you're just too stupid to understand the deal.
Fortress has already started buying claims from holders...so those that want to sell have already sold and fortress is going to put those in deep storage and wait for a 10x.
those that haven't sold to fortress by their nature want to hold.
git gud about understanding deals.

>>18132722
Sorry I don't think you get the point. **THIS HAS NOTHING TO DO WITH THE MT GOX DEAL**.

Hope this was clear enough.

>>18133202
Faketoshi will do shit and he will come up with another excuse and a new date and hur dur this time for real

bump

>>18132072
lmao, are you retarded?
miners get their rewards cut in fucking half, and with jack shit transaction volume to make up for it in fees

>>18132128
>no reduction in hashrate can stop that.

But that’s exactly how the free market will fix the problem

>>18134718
Miners who don’t have emergency funds set aside will go bust. Thus there will be less miners fighting over the rewards. Things will balance out.

>>18134780
jesus christ, how stupid can you get
emergency funds for what, to blow the fuck away while watching their operation go bankrupt?
things will not balance out, BTC is a dysfunctional shitcoin and is headed straight to zero

>>18131974
large quantities of bsv will get sold, not btc or bch.
BSV will get sold, gl.

>>18134780
For a little while during the dump and after the dump, it will be complete hell for miners,users and exchanges. Fees will be ridiculous, same for tx time. Things will balance out and some miners, (everso decreasing number), will continue mining as long as they are profitable. The trend is set since December 2017 though :: BTC is dying.

>>18134835
Read the thread. This has nothing to do with Mt Gox. Also, I doubt the trustees will hold to any of their coins when they see the quick decrease in value. They will panic like every other sheeple.

>>18134797
Emergency funds to cover rent while they’re not earning income. (Seriously is this concept so foreign to people these days?) Things will balance out.

>>18135711
you don't get that this shit isn't temporary, it's permanent
BTC is dead, miners won't be hanging around to "cover rent" when they see that things are never going to turn around

>>18135739
If miners leave, then there are less miners fighting over the reward, meaning more reward for the miners who stay. It balances out

>>18135807
fighting over a steadily decreasing reward without the volume of transactions to compensate them through transaction fees as intended, and with price decreasing more and more
just put it to rest, BTC is dead
if you bought at $20k like a moron, cut your losses short, if you were early, take profits while you still can

>>18134859
>Bitcoin is dying
>Bitcoin is dying
>Bitcoin is dying

Every fucking time. And every fucking time bitcoin moons. Also, if bitcoin dies, all, and I do mean ALL other shitcoins die with it.

>>18135739
how many times do you think we've heard "BTC is le dead" you fucking new faggot clown lmao

>>18135849
Short term turmoil does not necessarily mean death. Turmoil is how the market shakes out weak hands, mal-investment, unprofitable ventures. It creates a stronger environment over the long term. I'm short BTC, but I still believe that it provides a valuable utility.

>>18135867
>>18135883
BTC really is dead this time
dead, not dying
you must be a total moron to think that just because it didn't die in the past it isn't dead now
>you fucking new faggot clown lmao
been involved with Bitcoin since 2012, started two successful Bitcoin businesses, get fucked moron
>>18135912
you're addressing a straw man, because I'm not saying "short-term turmoil" is what killed BTC, BTC is dead because it doesn't have the utility Bitcoin has, viz. as a peer-to-peer electronic cash system, it's been rendered a dysfunctional shitcoin by Core
keep holding your bags though, just don't cry when it follows the same pattern as Enron stock

>>18135951
STFU and cry about it Richard I know that’s you fat ass.
>muh HEX is designed to pump

Buy gold.

Buy silver.

Stop buying FIATcoins.

>>18136143
Richard Heart shares the position of biggest moron in crypto alongside Tone Vays and Andreas Antonopoulos

>>18136165
Fiat is losing trust.
Banks will go crypto with digital world as they can profit more.
It's that simple.
How can your elite masters make more money from you... Control of mass tokens would do the trick.

>>18136143
I don't even think Richard is pathetic enough to frequent /biz/, especially in the sorry state it finds itself today.

>>18136171
+

>>18134859
What sorts of connections do you have, nigger? What's up with all the coins moving across exchanges? Also, why are you implying that it isn't miners doing the dumping? Isn't the idea about overleveraged miners capitulating by dumping pre-halving?

>>18131974
>supply dries up
>people selling
pick one, btw thx for free fud, I will be sure to buy cheap corns

>>18137142
Who are the "miners" you are talking about. Those are mostly private entities. I wouldn't know what they are doing with the coins.

This is a public warning. This is about important entities who have been in the game since the beginning who do not comply with the path this whole cryptocurrency/blockchain thing took. Does any of you think truly think those thousands of project on coinmarketcap have any legitimacy? Do you think Binance is legit? The purpose of this dump is to put en premature end to all of those lies and criminal activities. I say 'premature' because the model was already broken and dying. This is also the reason why the dump will likely have the desired effect.

bump

>>18134718
it's priced in

bump

>>18136171
>Andreas Antonopoulos
wut

>>18137952
>This is about important entities who have been in the game since the beginning
So they moved their wealth entirely to gold or something? There is no other safe haven. Fiat is dead. We are literally done for as a common people without Bitcoin (and PNK desu).

>>18140257
why do you write like a retard?

>>18132222
>valid crypto
>bch

Choose one

>>18141734
This has nothing to do with wealth preservation or covid-19. It was planned 2 around 2 years ago. If people flee fiat and traditional markets and decide to get in crypto thinking they are smart to do so, it will create more liquidity for the dump. Too bad. But that's also the reason why I'm doing a public warning. It's to reduce the number of innocent people that will lose money. It's only fair imo.

>>18141873
second language

>>18142363
wow thanks for the warning faggot!

>>18131974
The BCH halving comes first. What will happen then?

>>18131974
It's true.

$25 ETH buys incoming, and that's generous. $15 is the chad play.

Nervos will 10x by then tho, so, just buy Asia

Halvening is BTC's built-in self-destruct mechanism. Either succeed or die.

>>18144233
it's a mechanism for transitioning from block reward as subsidy to relying exclusively on transaction fees from a large volume of transactions
https://bitcointalk.org/index.php?topic=48#msg329
>In a few decades when the reward gets too small, the transaction fee will become the main compensation for [mining] nodes. I’m sure that in 20 years there will either be very large transaction volume or no volume.
>—Satoshi
since Core has sabotaged BTC and rendered it a dysfunctional shitcoin incapable of handling large volumes of transactions, obviously it will self-destruct
Bitcoin (BSV) on the other hand works just as intended, and will easily be able to handle the inevitable influx of institutional fiat and compensate miners adequately through this huge volume of transactions

>>18144288

So why don't we look at the original code and what it intended to do regarding scale

>>18136165
Anon coins will always win. No matter where the economy goes. Zano FTW baby.

>btc is dead
>blocks always full
>highest marketcap
>every other shitcoin including shitforks are tethered to it in price

Craig takes it up the arse

>>18135867
He's right, BTC is dead as a vision.

>>18131974
All hail the mystical realisation of a brownian motion

>>18131974

>>18132128
uuhm sweety, how new are you exactly?

>>18132568
>2nd the trustees will do what ever the fuck they want with their cryptos.
Oh, you poor delusional coinfag.

https://cointelegraph.com/news/mt-gox-trustee-reveals-draft-rehabilitation-plan

He has to follow the rules set by the court. He has decided to buy no coins, and will be selling the bulk of them to get cash to satisfy the creditors, who want their money back, then it's sell all the way to the bottom to pay back everyone else. If the creditors asked to be paid in cash, he HAS to sell to pay them.

https://cointelegraph.com/news/mt-gox-trustee-reveals-draft-rehabilitation-plan

Hodl onto your asses.

>>18131974
https://m.youtube.com/watch?v=jfx7PnMtCeY

>>18131974
>Regulators and exchange have already been notified.

Yea i am sure that wall street regulated trusts like grayscale who are trading it all day will be very happy about such a thing.

>>18132222
Also checked

>>18142140
The mtgox people want to be paid on btc & bch , others want fiat fast so the truste will liquidate shitcoins like bsv soon.

>>18145656
>shitcoins
>like bsv
lets go boys
my buy orders are ready