/biz/ - Business & Finance

>still has over 50% dominance
Yeah okay there champ

>>22601679
Retard

>>22601679
only a low IQ nigger thinks BTC is still relevant and not a chink controlled scam

>>22601679
Put your money where your mouth is
https://omen.eth.link/#/0x8e0eec0539889a225ca163d36bbf1b44264d863e

>>22601679
all pajeets will weep once btc gets back to 70% dominance

>>22601633
>Btc dying
>Moves down 5%
>Sends every alt down 20%

>>22601633
OP is right. Fuck Bitcoin.

>>22601739
How the fuck is that going to happen?

btc holders gonna change to uniswap lol

this is what happens in a bullrun ya dingdong now do yourself a favor and look into some non BTC thingies like::::
DIA
LOKI
ETH
n...
LP tokens

>Just as planned.

>>22601699
>>22601705
Newfag basedboys crying about not owning any BTC

>>22601893
Hope he planned a way to avoid the anal fisting hes going to get in prison

Moved 80% over to kambria
Pretty obvious if you ask me

>>22601633
does wrapping BTC have the same effect on the mcap dominance as simply selling it for ETH?

It's actually good for BTC to have lower market dominance, if competition is not with similar products (i.e. stores of value) because this drives adoption for crypto in general.
BTC could have 30% MD and triple the MC compared to now, if crypto as a whole grows.

>>22601934
Ironic. Most crypto OGs have moved to ETH.

>>22601934
I have over 100k in crypto and 0 bitcoin by choice, im not a subhuman.

>>22601633
Imagine not understanding that if BTC dumps, the entire market dumps.

Imagine not understanding that BTC/ETH are the only cryptos that institutional wealth invests in.

Imagine not understanding how much money institutional wealth has compared to retail.

Imagine not understanding what a store of value is and how millenial's feel about gold compared to Bitcoin.

Imagine being this naive and you have OP.

https://www.youtube.com/watch?v=es9DNe0l0Qo

BTC is netscape at the start of this video. Get scared maxis.

>>22602070
>Institutional
Define. You use that word as if it would mean something

>>22602156
Like do you nazi niggers really think that a run off the mill hedge fund is an "institution" come on now

>>22602070
>muh institutions
>muh cope

bitcoin is for losers and retards

>>22601633
It's not BTC dying it's everything else is growing around it.

>>22602156
Google it yo damn self. DYOR.

https://www.fidelitydigitalassets.com/bin-public/060_www_fidelity_com/documents/FDAS/bitinvthessisstoreofvalue.pdf

>>22601829
Scammers getting back to BTC like they always do after they take money from retards?

>>22601699
noob

>>22602096
https://www.youtube.com/watch?v=oxfqZaw_5d4
This is more relevant.

>>22602273
>It's not BTC dying it's everything else is growing around it.
chinkcoin will be left in the dust. cant wait for all those gook farms to be left holding the bag

>>22602288
That is not an answer you stupid nigger nazi. An institution per classic definition is an organization that has the reach and power to define the norms of its external environment, fidelity is far away from that, it is defined by the norms of organization on the regulatory scale, be it sec, ftc, multiple foreign and international bodies. It is just a fund that if any anti capitalist ideology takes over communists or nazis, it is toast. Same goes for universities, sub organization of international organizations and whatever else you nigger nazis claim to be ma institution.

Let me know when I can buy stuff online with Ampleforth or whatever other new shitcoin of the month

Really that was the moment were bitcoin was just a chink shill scam, when you all started to throw words around you clearly don't understand were I said, fuck those chinks. Bitcoin died 3 years ago. Deal with it, no actual institution is ever considering adopting it and defining its external environment with it. You can call shitcoiners delusional but they at least don't believe nation states will adopt it. Topest kek

>>22602501
>nothing is really an institution because what if commies and nazis took it over?
big brain take

>>22602606
Right now boomer. Uniswap it to ETH or DAI and then pay with bitpay or buy gift cards on bitrefill. The friction will go away in time.

>>22602501
>engages in pilpul to hide being wrong
here is a pic of your uncle.
I bet he made a comfy handbag

>>22602721
Idiot by your definition of institution my farts are institutions, your retardation are institutions, you just conveniently leave out the defining of norms of the external environment of anything that can be construed as an institution and put it on equal term with big organization, even there leaving out conveniently any politics of scale. Fuck this post is now institution

>>22602817
Triggered NIGGER nazi

Jesus Christ the amount of cope from pajeets too poor to own BTC is stunning. Poorfags

>>22603055
Will you be the next claiming that a joke like BAKKT is a motherfucking institution

>>22603095
Nah. Will just leave you with this. Satoshi's vision was as a currency. It became too popular for its own good. Transaction fees went from fractions of pennies to hundreds of dollars.

Practically speaking, it has morphed into a speculative asset/store of value. And emerging demographics aren't investing in gold. Through time volatility curbs. Do the math. It has outperformed EVERY asset ever conceived since its inception.

GL anon

>>22603387
Fees didn't go up because it got too popular. Fees went up because blockstream took over and refused to upgrade the block size limit past 1MB + segwit.

>>22601633
Why nobody check MACD. Cross down on weekly. Be ready to buy cheap alts at 50% discount

IF BITCOIN DOMINANCE IS SO LOW THEN WHY CHAINLINK IS STILL CRASHING

>>22601705
>implying all of crypto isn't a controlled scam
Kill yourself

>>22601633
look at how hard BTC dominance tanked during its last bullrun.
considering we are at the brink of the next one right now, ETH might unironically flip it

>>22601633
BTC has already won in a game where the winner takes all. You should not take it into account. Imagine btc as something that has nothing to do with the crypto market.

ETH is the Netscape of crypto.

>>22601977
Lolololol

>>22602208
Kys kike

>>22602501
>>22602916

Lmao look at this autist getting so upset about the way someone uses a word "institution". The irony is, you yourself are using a very atypical definition which is closer to the meaning of a "governmental institution" or something like that...

>>22601977

That's something BTC promoters should worry about when the ponzi collapses and everyone wants to sue them for misleading them about Bitcoin

>>22602070
Imagine holding 0 LINK in 2020

Whether you like it or not BTC is still very relevant and will continue to be for a long time, even if it dips below 50%

>>22601983
you might be shilling, but KAT is unironically promising and i already have a 1mm stack just to be sure.

>>22601633
I have lost so much money on Bitcoin it's not even funny. What a fucking shitcoin.

And just like that, a new round of people who wished they had just bought and held BTC will miss out. Sure other coins may have higher multiples this round, but BTC ain't going anywhere. It's essentially the coke of crypto and the easiest to deal with. Buy, stick in a hardware wallet and wait. That's it. If you wanna get fancy lend it out for interest.

I'm not a maximalist, but it's retarded to shit on BTC when big buyers are accumulating so much and it's really the best chance for mass adoption.

Don't let this board warp your reality.

BTC won't die just as gold won't die. There are far more rational and technological stores of wealth than both, but the social consensus has formed and it's very difficult to challenge the status quo - people will not be open-minded once they invested into something. I'm very for the decline of BTC in favour of superior cryptocurrencies but it's unlikely to happen in the next 5 years. (Although crazier things have happened).

>>22602295
Yes anon, everything is a scam but your digital gold.

>>22603729
It only really tanked in the last few months of 2017 though. Sitting in BTC was the best risk/reward move until late December. Yeah some shitcoins went 1000x just like now, but plenty more went 0x. Bitcoin gave something like a 20x in 6 months, better than ETH even.

Anyone with a brain knows that the tech coming out now needs to be based around being relevant in half a decade. There's so many shitcoins trying to be relevant now, and very, very few building themselves to be relevant in 5 years.

I'm following one (1) coin that I trust will be everywhere in a couple of years from now.

>>22606382
>I'm following one (1) coin that I trust will be everywhere in a couple of years from now.
Another man who knows.

>>22606472
>implying

>>22606472
Every time I think about Monero I end up adding more to my stack. This is the only crypto that that happens with. IRS news from last week was the biggest stealth bull signal ever.

>>22605880
>it's really the best chance for mass adoption.
It hasn't been for years. All the smart people figured this out after blockstream took over. People like you still holding on to BTC are delaying mainstream adoption.

>>22606488
What is it?

>>22606637
What's the one -actual- coin that's been in development for almost 5 years already, yet gone totally under the radar due to lack of marketing, while the team has been creating a fully functioning product?

Hint: It prides itself on its accessibility.

>>22602070
You could make the same arguments about institutional money and PMs. If they want to keep it down, it stays down

>>22606692
one?

>>22606604
So what's your superior path to mainstream adoption?

>>22606779
No.

>>22606861
Ease of access, ease of access, and ease of access.

btc is growing stronger
only a fucking moron doesn't swing alts and then cashes out to btc

>>22601633
I agree... BTC will die eventually, but not soon.
Since 2015 Bitcoin turn to be just shit....

>>22606892
Ok, but what project is doing that?

>>22601633
Btc is the dot com of coins
All these shitty TLDs are going to be forgotten

>>22606946
There's a few.

>>22602817
upvote

>>22606692
Yeah, Monero. Well, it's slightly more than 5 years and I wouldn't say it prides itself on accessibility but it has been translated into 46 languages so I doubt there is a more accessible coin. It's already replaced BTC on DNMs so it's functionality can't be doubted. Yep, gotta be talking about XMR.

>>22606987
Alright fair enough. Maybe I'll buy whatever you're selling whenever I know what the fuck it is.

>>22601633
So many newfags in this thread, big bois are adopting bitcoin, not ethereum, not link, not uniswap scams.
I do trade alts but I sell them for BTC profits.
Don’t be a retard or you will find out when your shitcoin bleeds to zero.
Quick experiment: how many shitcoins older than 4 year did not lose value in sats (yet)?

>>22607109
Umm sweetie, have you not heard of a little coin called Chainlink?

>>22607096
>>22607099
NIMIQ

>>22606692
It's Nano

>>22606604
>People like you still holding on to BTC are delaying mainstream adoption.
Idiot, it’s because of people like me, absolute bitcoin maniac, holding to death, that BTC is trusted.
Keeping jumping from a fresh Y farm token rug pull to another doesn’t drive mass adoption.
What an absolute retard

>>22607149
link is a shitty not-needed token that I used for a nice 10x, sold at 18$, k thx bye back to sats

>>22601633

Why do you shitcoiner retards do this? If bitcoin dies your scam coins will die first lol

>>22607231
You can’t buy a lambo with sats my friend

>>22607109

This.

>>22607254
shitcoin dies every day regardless, most of them are useless and not needed, but the hyped ones are a great way to extract wealth from retards and increase sats stack

>>22607279
Lol, I can already buy a lambo with my sats, but I’m not a nigger and I don’t want to

>>22607109
Says the newfag.

>>22607195
Have fun with your 5 transactions per second on a global scale. Lightning is vaporware.

>>22607374

You are the newest newfag i’ve ever seen lmao. Kys

>>22607152
Seems cool. I'll grab some of the free NIM they are offering, but I don't know how this makes BTC irrelevant. I wish the best for you though man. I don't think BTC has to die for these other projects to do well. Some people seem to think that's the only way for some reason.

>>22607374
I need BTC to store my wealth, it can be slow and I don’t give a fuck.
Do you ship your gold back and forth in 7 countries every day?
If you want to gamble on useless shitcoins you might need some speed, the speed of taking profits before the rug pulls

>>22607433
I never said BTC will die. But it's useless as a currency. It works as a store of value, akin to gold, but no one carries around bullion to buy groceries with. NIM will fill the role of a gold-backed currency, especially with the tech being implemented over the next year. OASIS is a game changer.

>>22607418
Newfag that got into crypto before mt gox got hacked, before dogecoin genesis block. This thread reeks of 2017 newfag maxis that think they are early.

>>22607519

Kys scam coiner

>>22607519
>gold-backed
it’s a shitty trusted setup
trust in this kind of people
https://economictimes.indiatimes.com/news/international/world-news/chinas-biggest-gold-fraud-4-of-its-reserves-may-be-fake-report/articleshow/76707339.cms
literally like trusting WBTC or similar wrap scams

>>22607338
The point I’m trying to make is that you need to convert to dollars to cash out anyway. $/sat is the metric

>>22607551

You reek of a dumb fuck. Kys

>>22607567
https://www.nimiq.com/oasis/

Just read it.

>>22607608
Anything that's not food, water, or air has no true value to human beings. But that's being incredibly abstract. We have to accept at this point that value isn't as tangible as it used to be.

>>22607455
Okay so you admit it's not for mass adoption. Good luck. If everyone on earth wanted to store their wealth in BTC, you'd need 133MB blocks just for 2 transactions per year. So with the block size right now, everyone would be able to do one transaction per 50 years. Good luck.

>>22607720
Let's get real, for the majority of normies, regardless of the crypto chosen it's never leaving an exchange. I don't think the TPS is going to be as big of a bottleneck as people think for large value transfer.

>>22607149
Chainlink is 3 years old, to be fair

>>22607788
All these maxis love to say "not your keys, not your coins" while completely ignoring the fact that it will be impossible on a global scale with bitcoin as it currently is.

>>22607720
gold isn't mass adopted, either. 1 in 10 or so owns some (even most of these own next to nothing) and it never moves

only the rich need stores of value and the rich are few

>>22607867
I actually think not your keys not your coins as a blanket statement is disingenuous. It should only be used for people that would manage their keys better than a custodian. That's honestly a small amount of people on the global scale.

>>22601633
so over 2000 shitcoins can barely make a dent on dominance and you think this is bearish?

>>22607894
Yeah but everyone should have some insurance, which is how I look at PMs and crypto

>>22601991
i would think so, yes

>>22607720
>>22607867
>what is lightning?
>what is taproot?

>>22607867
its not impossible you cucknigget
btc as is can do billions of tx/s easily

>>22607994
yep the ignorant and the techno barbarians (cashies) still don't get it btc will scale exponentially not linearily

>>22607963
my point was that you do not have to cater to most people to soak up a significant portion of the wealth, because wealth is not distributed equally.
mass adoption is a meme as average joe doesn't own anything compared to few institutions, countries and megacorps

>>22607994
>vaporware
>vaporware

>>22602757
>dont forget to keep the GAS FEES high or else your TX will get stuck!
>if your TX is stuck on PENDING for some time, send yourself a transaction with the same NONCE but put 0ETH!!
>dont forget to pay enough GWEI for the GAS!!
>you can check the GAS prices in GWEI on ethereumgasstation.io!!

that's assuming they were successful in installing a metamask extension and creating a wallet

>>22601633
finally, fucking shitcoin

I'm sure this hs nothing to do with QE2023

>>22601679
>Blackberry will never die. It is the king.

Harder they fall, anon.

>>22607610
do you know why in crypto its all lambo memes and not any other car brand?
because its the first one you can buy with btc, not cashing out to usd or whatever but btc
fucking newfags

>>22603729
you think it's a bull run? I'm betting on a descent in the near future

>>22602295
they go back into ETH now

>>22608085
that's true but it would also mean the original vision got perverted and abandomed

>>22602412
I wonder what happened on November 2016 that made the entire market to jump

Bitcoin is a shambling corpse. You want proof? It halved recently, and all the BTC maxis were celebrating the "guaranteed golden bull run" that was going to cause. So where is it?

>>22610815
please join the list and wait in the queue
https://99bitcoins.com/bitcoin-obituaries/
put your name on the list and add a timestamp
please do it

>>22601633
Look at everything else crashing with bitcoin as "others" rise.
This means the data presented is misleading and the massive premines and stablecoins are giving the illusion bitcoin is losing marketcap in the space.

>>22610815
The stockmarket bitcoin trusts and ETNs didn't really catch on. It's still moon money or an environmental hazard or a sino-russian scam in too many minds. The halving was supposed to dump into retail interest from the stock markets but it's insufficient this time around. Pretty inexcusable given the market stimulus that's been applied. Arguably, bitcoin holding static means it's depreciating fast with regards to the asset purchases you can make with it should you cash out.

The bitcoin cycle is the heartbeat of the entire crypto economy. Miners are literally burning millions of dollars of electricity to produce this coin and sell it to market, unlike shitcoins that are printed for free out of thin air every single day. They don't just sit on their early holdings and extract gains forever with no effort. It requires constant expense. Bitcoin is digital scarcity, everything else is a cheap forgery.

Btc dominates in liquidity. If 3000 more shitcoins are launched tomorrow with stale market caps, does true bitcoin dominance really fall?

>>22601633
digital gold

>>22601977
your seethe is palpable
Craig Wright planned this from the start

>>22608127
based

>>22606361
>It only really tanked in the last few months of 2017 though.
Bullshit, it tanked in the first months of 2017

>>22602501
I have no clue, earnestly, what you’re on about. I’m not here for a semantic debate but the way I used the word is correct. Power makes the world go round. Money is power. A company with 3 trillion in assets has more control over the world than you could possibly imagine. Fidelity isn’t the only major institution investing. DYOR.

>>22608032
>>22608076
You nignogs had 4 years and nothing, I repeat nothing happened.

It's over, you just don't know it yet.

There's a reason PTJ and Michael Saylor bought BTC and no shitcoins. The next wave will be corporations padding their balance sheets with an inflation proof hedge. They're not going to buy link lol.

>>22613660
bollocks you impatient fuck
also if you can't appreciate the btc gains of 4 years you deserve nothing

>>22607455
>I need BTC to store my wealth, it can be slow and I don’t give a fuck
except it doesn't, all you have are intrinsically worthless digital tokens you have to dump on someone to actually get any real wealth.
Assets with no yield are just memes designed to make goyim poor. Even 3% annually turns into 19x over 100 years. No or negative yield = generational poverty
Btc has negative yield, it's one of the greatest trick of the previous decade to convince idiots give their wealth away.

>>22615207
Provably fixed supply means it's the safest liquid asset. Paper money just depreciates. Gold and stocks aren't liquid or secure, the best you can get if you want to have a responsive position without Bitcoin is in effect using IOUs.

>>22615207
what a retarded statement

>>22610815
So because some people were excited about the halving and said the word "guaranteed", and it didn't happen, this is some sort that bitcoin is dead? You're really actually literally retarded aren't you.

>>22603664
because link crawled all the way from outside of the top 100 to 5th, with nothing but delusional memes.
this is a UNI board now.

>>22615536
>Provably fixed supply means it's the safest liquid asset.
it means literally nothing, fixed supply is not a source of value. It's only a meme that convinces some people to exchange real wealth for it.
>Gold
another meme designed to make Jews richer relative to dumb goyim. Notice what (((they))) predominantly own. Not in manufactured stereotypes, but actually - positive yielding assets, mostly debts. Nothing makes a Jew happier than seeing another goy exchange his wealth for shiny metal while Jewish dynasties slowly increase their fortunes by orders of magnitude thanks to compounding.
It's an iq test and it's both funny and sad to see so many people falling for it.
>stocks aren't liquid
large stocks are way more liquid than bitcoin what are you talking about. It would be relatively easy to sell $10B worth of Apple stock, now try to do that with $10B worth of btc.
>is in effect using IOUs.
all private property relies on force to enforce it, this includes crypto. Without armed protection you can be tortured to give it over, cryptography doesn't help here. It's easier to escape from one country to the other with it but then that applies to everything and not just bitcoin.

>>22615536
but you have to sell it to use it. so if there isn't always a greater fool at the right time, you're fucked.

>>22612933
what a joke, that's like saying if you bash your head 1000 times against a brick wall, the work you did after that would be worth more than if you didn't bash it first.

>>22615795
>stocks are way more liquid
You work in contracts representing stocks, IOUs. Real ownership of a company that's resistant to the collapse of institutions is not liquid.
>just torture bro
You are absolutely retarded.

>>22615820
Applies to everything including if you keep your wealth in beans. You can't eat all the beans, beyond the small portion to feed you they only have value if there's a "greater fool" willing to buy them. If you don't see the value in not relying on a long chain of incompetent retards to handle all your finances you're one of those incompetent retards.

>>22601633
If BTC dies, all crypto will die as well

>>22615820
Nope, lend it out or use it as collateral. I'm paying myself at a rate of 30k per year using BlockFi and crypto.com. Haven't sold any of my initial sats.

>>22616141
I just went all in beans. Your ok m8

>>22602070
imagine not realizing whats actually behind the doors

few understand

majority will crash and burn it will just take few years nobody will ever understand

cashout while you can