/biz/ - Business & Finance

>>26479076
Parsiq has plenty utility. Your point is now moot.

Correct, it should be zero considering it has no utility.

I urge all "investors" to not put more money than they are willing to lose. There were hundreds of thousands of people who suffered and lost 85% of their investment last time a bear market came around.

Dont get greedy, the pump is almost reaching its apex.

bitcoin at 31k makes about as much sense as at $31
fundamentally it isn't used for anything and can't scale
same goes for eth and all the other shitcoins
fact is that it's shocking that they have any value at all, nonetheless there is also no reason for them to dump at this point

>>26479076
ALBT has loads of utility.

>>26479189
I think crypto has "some" utility to make reasonable online transfers, but at their current evaluations - its clear that the transaction fees do not scale.

Now that the ETH network is being used by its intended purpose, the network is backed up and fees are astronomical, in some cases costing 5% or more of a single transaction!

And people think this can scale into something worthwhile in the future? Crypto can provider utility for transferring value across borders and markets but as of now it just doesn't make any sense holding when you see the historical downside risk.

95% of people have bought into the run up, and everyone is hoping their tokens/coins will get them rich but there are literal rappers on tik tok promoting these coins and tokens so you have to ask yourself just how much fuel is left for this run up?

>>26479076
ETH isn't usable at this price level. $5 a transaction is insane, imagine if you had to pay $5 to pay for groceries or withdrawal from an ATM. ETH needs to be < $400 to survive or they need to flood the market with ETH.

>>26479076
been trying to help biz out by saying this. not even BTC does anything. the fact that most of these shitcoins in the top 10 have multi-BILLION dollar market caps just shows what a fucking clown world this is. none of this shit is worth anything.

at least with stocks you're investing in companies that actually produce a product and produce something for society. crypto is just virgins trading their shitcoin of the week for other shitcoins of the week.

once there's any amount of sell pressure everyone will capitulate and the 3 year bear cycle will hit. everything is crazy overpriced right now....it's absurd.

Store of value isn't a utility?

>>26479396

People are addicted to the run up, they think that the next 10x is right infront of them just because there are 20 threads about it. It will just keep pumping until there is no more money left to be injected into the crypto economy which I think is right around the corner. Everybody knows about crypto at this point, there are thousands of youtubers promoting the next big coin and you could tell 90% of them have no technical background in the industry - they just quote the whitepapers and discuss their technical analysis of the charts.

Anybody whos been in this space back in the previous crash knows the market is showing similar signs again, but its a shame many will realize it too late.

>>26479076
>Cryptos are massively overvalued given thir utilittyyyy

fuck off homosexual redditor

What do you mean "utility?

HODL

>>26479493
>store of value
lol

>>26479493
Does storing your money into an asset that has climbed 500% in a year seem safe to you? Assets that have and will correct 80-90% again?

>>26479550
These are the type of people who are promoting and hyping up cryptos - you are sharing an economy with room temperature IQ posters. They have no evidence of token utility and no understanding of the space whatsoever - they just spew mindless rants...

Keep in mind, I've made thousands of dollars in crypto myself. I have sold most of my positions so its not like im just FUD'ing a particular coin. I just know we are hitting a wall soon.

Sooo altseason is cancelled?

>>26479547
>Anybody whos been in this space back in the previous crash knows the market is showing similar signs again, but its a shame many will realize it too late.

yup I was there and I have this same feeling. shit is running out of steam and will collapse as easily as it did last time.

95% on this board weren't here for 2017. they think that because BTC hit $40k that it can't go back down to under $10k....but they don't realize that in 2017 BTC hit $20k, was all over the news, everyone wanted in....and as soon as it went up, it came down, and it crashed all the way to $3k where it sat there for a long time.

>>26479935
nooo this time it's different!

>>26479935
But this time we have the institutions

>>26479935
We are only barely scraping the old market cap ATH. BTC will slowly trend down for a couple more weeks while alts boom.

>>26480034
those same institutions are smart enough with their money to see what's happening. they saw the euphoria building, the billions being printed by Tether out of thin air, they knew they could make money off this run up. and now they're selling. Tether has stopped printing. once this little bit of hype runs out of steam the whole market will collapse. you have been warned.

>>26480120
The thing is this time around there are hundreds of more coins and tokens in the space. The market cap across the crypto verse is MUCH LARGER than it was in 2017. Except now it is distributed amongst over a thousand tokens and coins.

>>26480034
And we had institutions in 2017
The difference is that now everything is in a retarded bull market where loans are the principal + 0.05% and institutions can just throw money at whatever with almost no consequences
Bring up the interest rate and BTC will hit the shitter as institutions try to close their riskiest positions.

>>26480172
I hope you're right. I'm already cashed out but uncertain

>>26479076
wow thanks for the heads up OP

>>26479076
price is based on future speculation not present day utility.

>>26479076
>This is all am elaborate attempt to pump your bags and any sensible person is not going to put more than a few hundred into this ridiculous hobby.

damn great point op you are aso intelligentand thank you for taking time out of your day to posthis on 4chan you are very smart and successful

>>26479396
Don't pretend that stocks "do anything" more. Ordinary people can't use them in any meaningful way. People just place bets to invest in them and increase their personal wealth, exactly the same as crypto.

>>26479189
>bitcoin at 31k makes about as much sense as at $31
The bitcoin network can't hold as much money if btc is at $31. There aren't enough btc to satisfy demand at that price.
Bitcoin is the most secure network in the world and the first of its kind, and btc is limited in supply. It goes up in value as the amount of money that is stored on the network goes up. The amount demand to store money on the network goes up as people recognise the value of decentralised finance.

>>26479493
he's talking about eth and tokens only from what I noticed

I'm just promoting a reasonable discussion here, if your going to just post insults or retorts regarding some typos I made then maybe don't post at all. What are you so afraid of? Is a civil discussion threatening your stance on the issue?

Just have some common decency is all, your simply proving my point that most of the investors at this stage are teenagers injecting their lunch money into the flavor of the week token.

Sooo is the altseason canceled already? Should i pack my bags and go back to stocks?

>>26479076
lol the double top meme again
bobos got rekt on thinking btc would double top. you'll get fucked again with eth

>>26480420
bingo

lmao, if u don’t understand how to make profit with market volume on crypto just forget your wallet and fuck off from this /biz/ thread

Cmon, I am too experienced to join in this trash, that’s why I will go for my base on uniswap and go in cascade for great rewards with passive benefits

>>26480441
you're here to be a stupid fag and shit up the board

>>26480354
what I meant is that you're investing in a company for the products they produce. you can study their company, you can see what kind of revenue they generate, see what their expenses are, and make a calculated assumption of what that company is worth based on that....and then decide to put your money into it.

with crypto 99% of people who own Link have a basic idea of what it's TRYING to do, and it's not even really doing anything at this point....yet it has a market cap worth almost $10 BILLION. again, it doesn't do anything, anything at all. $10 BILLION. that's insanity.

>>26479076

>>26479692
right you rather store your value in an asset that loses 10pct per year (fiat)

>>26480420
What good is storing your value in a "limited supply" coin/token where a new variation crops up every other week? The Crypto Market Cap is much much higher than it was in 2018 but now instead of 1 trillion into BTC, there is 2 trillion into a hundred other variations - all that do pretty much the same thing.

>>26480019
Reminder that this is bobo's take. We are in Jan 2017 btw

>>26480531
>a fucking car company is worth like 800 billion dollars
>muh fundamentals link isn't worth 10B lol

>>26480420
>The amount demand to store money on the network goes up as people recognise the value of decentralised finance.
The current iteration of decentralized systems are grossly inefficient and far from being anywhere near user-friendly; they won't take off. A good DeFi-oriented platform has yet to sprout, and ETH is just holding the technology back.

>>26479076
>Quantity has a quality all its own.
Joseph Stalin

AHEM ATTENTION EVERYONE!

Crypto is currently extremely overvalued! Worry not, -I- am an omniscient genius and only I know the TRUE value of crypto!

Please behold as I take every macro and microeconomic factor into account and calculate the 100% accurate and true value of every cryptocurrency!

If only I were dictator of planet earth, I would set up the perfect economic system where every value of every item on earth were determined without 100% accuracy by me! I am such a genius, and you are all fools.

>itt: Bobo's who dont get crypto or economics

Anyone have funny feeling in tummy for the fact that last few years more dollars were printed than past 100 years? Usually (in history) FIAT currencies lasted around 40 years before hyperinflation. Now were at 60years on US dollar after it was separated from the gold standard. In 20 short years forbes top 20 richest did meager 400x their wealth and we went from first billionaire to soon having first trillionaire.

Joe will only accelerate the situation by printing more money instead of fixing the issues. So instead of whining about crypto tulip mania jump in before institutions store some of the "value" generated by printers into crypto. We still have this bullrun and next before it comes tumbling down.

Tl;dr it's not crypto going haywire but the economy as whole.

>>26480576
Why yes, yes we are

>>26479076
everyone who cashes out ever again will stay poor. crypto is becoming the new money.

>>26479076
Ethereum has tons of utility. There's so much cool stuff to do. I've spent like 20k on gas but it's allowed me to make crazy amounts of money.

All of my wealth including my BTC and USD (as stablecoins) is on Ethereum earning yield.

Ethereum is not just an ICO machine like it was in 2017, it a whole new financial system and if you aren't using it to your advantage you're missing out.

>>26479076
DRNS

>>26480701
based

>>26480525
Please stop posting.

>>26480569
I'll agree that the Fed is dangerously close to negative interest rates. Its forcing savers to inject their money into speculative assets just to break even which is a real dangerous position to be in given the evaluations across all asset classes. Unfortunately I do not have a good retort - I have some stocks, some crypto and some real estate but I would hate to buy at todays prices, there is no fundamental basis in their evaluations. I am hoping the money printing stops soon, global economic forums share the same attitude but we are at the mercy of the FED to change course. At least stocks only have a 30% downside from today, where crypto could easily crash down 80% or more.

>>26480766
please jump off a fucking bridge retard

>>26480766
This
Everything is retardedly inflated because the money printer is permanently turned on
>>26480783
Actual copium

>>26479076
I've been hanging back waiting for the crash. Gonna full my bags when BTC is back down to $5k.

>>26480851
Based

>>26480572
>>26480225
take a look at bitcoin domiance now and in 2017.

>>26479076
>Do you even know what these tokens do?
Don't have to

>>26480673
Net Worth calculations are based on inflated asset prices. Making your company public and holding shares can inflate your digital balance by trillions. Stocks do a poor job of fairly evaluating the value of an enterprise and it gives the illusion of mutli-billionaires vastly out earning the common man. They just own a larger % of a ridiculously overpriced stock.

>>26479076
>expecting funny money to have utility
We're living in the age of the triumph of the spectacle, things no longer need to serve a purpose in order to hold value. Also I just buy crypto because it makes you feel like you're in the matrix

>>26480933
Good take
It has value for the "ooo" factor while contributing nothing

I did not come to provide an alterative which I suppose was a mistake hence the trolls and insults being thrown my way this thread - I just wanted to warn the common man and new investors not to dump their entire life savings into crypto because it will run out of steam. I am personally investing 15% of my networth in crypto alone while being very aware that a stagnated/downtrending market is bound to happen in the future.

Dont take out loans or invest every dollar into crypto, it cannot last at its current state.

>>26479076
have fun being poor

>>26479333
>Now that the ETH network is being used by its intended purpose, the network is backed up and fees are astronomical, in some cases costing 5% or more of a single transaction!

What do you think will happen to ETH once this is fixed?

https://twitter.com/mcuban/status/1349045221779247109

Do you realize the amount of daily transactions taking place in eth? Do you not think this justifies the current price?

https://twitter.com/RyanWatkins_/status/1351349824961077249

>>26480563
KEK

>>26481111
You're being responsible, nothing wrong with that.

>>26479076
This 100000x OP

Piece of shit Etherium is not worth $1.4K and BTC is not worth $40K. I won't even get started on Chainlink and the like. DUMP EM

>>26479076
Are you trying to warn us, trick us or learn why you are wrong?

>>26480766
>I am hoping the money printing stops soon

>>26481200
>Do you realize the amount of daily transactions taking place in eth? Do you not think this justifies the current price?
I don't know if that really counts when tokens - built on ETH - are contributing to that.

>>26481111

Bro, everyone knows this. I'm personally 50% into crypto (ETH, Link) but I'm planning on moving it all into mutual equity funds in a few years. The crash ain't gonna come for another couple years at least.

>>26479076
>>26479168
>>26479333
>>26479547
>>26479692
>>26480225
>>26480441
>>26480572
>>26480766
>>26480926
>>26481111
stay poor

>>26481111
15%? Rookie af

>>26479935
It fucking didn't stay there long enough for me to pick some up at 3k. I had to average at 4k-5k

>>26481111
>I just wanted to warn the common man and new investors not to dump their entire life savings into crypto because it will run out of steam.

Yeah it's a buncha of newfags coming ;)

cmegroup.com/media-room/press-releases/2020/12/16/cme_group_to_launchetherfuturesonfebruary82021.html

https://www.coindesk.com/goldman-sachs-to-enter-crypto-market-soon-with-custody-play-source

https://markets.businessinsider.com/currencies/news/blackrock-adds-bitcoin-futures-investing-opportunity-two-funds-cryptocurrency-2021-1-1029989282

https://twitter.com/novogratz/status/1353086848055336961

>>26481245
I'll bite...... go on, get started with chainlink.

>>26481391
>Yeah it's a buncha of newfags coming ;)
It literally is though, the corporations are crypto newfags

>>26479076
>i'm a 90iq smoothbrain who wants to get rich flipping uniswap shitcoins therefore everyone is a 90iq smoothbrain who wants to get rich flipping uniswap shitcoins
are cryptos overvalued, yes. is your own rationale rational, no. while all cryptos are overvalued, eth is the least overvalued of them all, and shitcoin gambling is just about its worst use case. you'd be much better off toying with centralized exchanges for that purpose

>>26479076
You are correct, it's just speculation. Crypto has no adoption

>>26479076
The issue is that normies are not interested in crypto because they saw the bubble burst in 2017. Normies are all over the stock market today. Literally everyone is buying stocks left and right at the moment. It's pulling the crypto market up aswell, but most of the dumb money is in stocks right now.

Overvalued is bullish. Thanks for confirmation OP. I just traded my foodstamps for a prepaid VISA to buy 10 more crypto shares on coinbase

>>26479076
People like you will never understand until it's mainstream. You have no vision, you have no belief in the tech, you don't have the knowledge either. People like you should just get out and play with whatever you do understand. I don't care what you have to say however, and I won't sell on your terms or anybody else's. I'm smarter than you, I'm better than you, you are nothing.

>>26481496
reddit moment

>>26481200
Most of ETH usage is just to transfer and purchase other PnD tokens. Its circular logic. And the fees are astronomical, I'm quite infuriated at how much and how long its taking to process my simple orders.

OP should be raped and killed and his sister chimney sweeped with castor oil in the bum. The Kleros Court has spoken

>>26481591
kek

>>26481333
checked

>>26481487
This is another good point
>>26481456
>ETH is the least overvalued
I agree with you on this since it's the infrastructure for every other token, but it's still suffering from the same issues
It's also this >>26481565 so it'll still be fucked by the market when people stop falling for PnD memes

>>26481487
Id say most of the dumb money is in crypto right now, the downside risk is much higher. But then again there are tiktok creators babbling nonstop about "line go up" so its pointing to an apex.

>>26481324
I hope ur joking. The crash is coming in couple of months maybe even weeks. Look at the charts bro.

It will have value as long as people are buying drugs online.

>>26480531
nobody is investing in tesla based on a calculated assumption of that company's worth. the tesla fanboys literally and unironically think elon musk will terraform mars
even with less ludicrous examples, most of the stock market is pumped beyond any rational expectations of future earnings thanks to cheap money. people invest in the stock market because they're convinced number will go up, then they look for excuses to believe in the choices they already made

>>26481633

Explain your reasoning why instead of just saying "look at the charts".

I kind of agree about defi. The eth network and uniswap are such a joke when it's busy...paying $60 in gas fees just to try and get out of a losing trade with a market order and watching the transaction get stuck and do nothing while the price continues to crash. I can't imagine "institutions" wanting to pay up to $120 round trip on one position when they probably pay pennies on the normie market.

>>26479076
Yep it is kind of crazy it’s all 3x. I’m just not willing to buy any more. Fortunately I have 50k link but why would I buy aave at $270. It’s going to crash back it just has to. 3x not sustainable

Even Janet Yellen recognizes that crypto has a minumum of two real world uses.

>>26481644
this. drug money is unironically the most valuable type of money. just ask the CIA

this seems as good a place as any to ask.
i want to buy a thing using bitcoin cash
i know the seller's wallet address
what service will allow me to use fiat or eth or other cryptos to buy bitcoin cash and then send it to the outside wallet?

>>26480572
>new variation crops up every other week
because it was the first and is the most widely adopted
In the same fashion that there are elements more rarer than gold, but gold is probably close to the first and is the most widely adopted

>>26481774
fiat>coinbase or kraken or gemini >bitcoin cash

>>26481774
The technology for such a feat is in the beginning stages but will exist soon enough

>>26481694
Literally this
There is no reason for institutions to fall for DeFi memes when it can't be reliably and cheaply used
They, and most people, will continue to use cheap legacy systems until an actually decent DeFi platform comes along. For now, though, ETH is a decent stopgap and proof of concept

>>26481774
if you are outside of the USA or have a VPN use Binance to trade fiat/other cryptos > bitcoin cash

>>26481730
>Even Janet Yellen
Yep this thread is bait. You got me anon good one.

This is a clown world. Fiat is losing value fast. Economies are disintegrating. Inflation is skyrocketing. Automation is kicking it up into high gear.
If anything it's undervalued.

>>26481691
dyor, but just a sincere warning, all of the oldfags with big bags have started cashing out during these couple of days. All of my friends who has been in crypto since the beginning are cashing out. They’ve seen this before. I’m just a newfag who listens to the oldfags and get advices from them.

>>26481923
>Fiat is losing value fast
100% simple as. This is why cryptos are massively undervalued and will go sky high - https://youtu.be/O1hCLBTD5RM

>>26481837
>>26481881
cheers i think i'll give kraken a shot

>>26481919
One of the most prominent selling points of crypto was transferring wealth through borders unrestricted. Yellen's outlook is not all that unreasonable. Are you buying groceries with your BTC or ETH? Black market transactions were the main reason BTC managed to survive around the $25 back in the day.

>>26479076
yeah totally agree, all of you people should sell already and abandon the market lol

>>26481955
Lol

>>26481955

Okay, bobo.

>>26482097
If you think people need to be buying groceries and coffee then you don't understand the tech.

>>26481955
Can't stop laughing at OP for outing this bait with an obvious larp. Everyone knows cashing out is a meme.

>>26479076
This is true, people don't understand how the math works, nearly everything is going to trend with BTC, and when it has its next valley after the peak, anyone without a diversified altcoin portfolio is fucked.

>>26482117
>>26482143
Enjoy bagholding, i have gotten my 10x’s.

>>26482228
the cult of hodling gets rekt once every few years

>>26482228
Yeah taking profits is just a meme, i agree 100%. Newfags: never ever take profits, always baghold for 4 years!!

>>26480420
what practical use drives you towards holding your money in bitcoin (besides numbers potentially going up)?

>>26479333
internet was at one point slow and expensive. youre not fooling anyone here but noobs. good bait tho!

>>26480701
>thereum has tons of utility. There's so much cool stuff to do. I've spent like 20k on gas but it's allowed me to make crazy amounts of money.
Do you even realize what you are saying lmao. You claim ethereum has utility because it has made you money. And why has it made you money? The answer is in your following sentence

>All of my wealth including my BTC and USD (as stablecoins) is on Ethereum earning yield.
The only reason you are earning yield is because you get paid in useless, worthless tokens of some random shit protocol. The only reason these shitcoins (ie your yield) have any value whatsoever is because even bigger retards than you are actually buying these foodcoins etc with real fiat money.

The meme is really true, you either need to have 60 IQ or 250 IQ to make money in this market

>>26482097
https://www.youtube.com/watch?v=DUrlNHTxuJM

>>26482339
Are these discord friends or irl friends? I’m in a discord with oldfags from 2014 and they are totally converted to the BTC 100k meme. My forecast is 70-80k around Summer and the crash with some pullbacks

>>26482406
>internet was at one point slow and expensive
but it actually had a practical utility

>>26482258
So the truth comes out. Someone larping as an "oldfag" trolled you into cashing out early. Now you're coping by calling your loss a 10x and "sincerely" convincing other anons to follow. You can always get back in. We're only now getting started.

>>26479935
>What is covid global lockdown
It sat at 3k for literally 2 days before rebounding to 6k

>>26480766
>I have some stocks, some crypto and some real estate but I would hate to buy at todays prices
There is absolutely no difference between buying at todays prices vs holding already owned positions instead of selling them.

>>26482284
Yeah and I was here in 2017 when the holders were sad because they did get rekt. However if they held and just kept buying? Well here we are.

>boomers think they can fud GME
>get rekt by plebbit in a short squeeze
>boomers try to fud crypto
>nobody cares and we pump
Wish these geezers would shut the hell up and realize the world is ours now. Nobody cares what you guys have to say. I promise.

I can earn 30% interest on my money
>wahhh there's a $20 transaction fee
literally kys

>>26480531
>Investing in companies
Like the inclusive seminars and new phones with 3 cameras?

>>26479547
1) It's a 4 year cycle, newfag. Crash into bear market isn't until late 2020 or early 2021
2) Price of speculated assets reflects future expectations. If you only invested in technology that was fully rolled out and saturated, there'd be far less gains to be made from it.

>>26479076
>Cryptos are massively undervalued given their "utility"
fixed

>>26482503
..but anyone since 2017 didn't get wrecked.

>>26482630
>Crash into bear market isn't until late 2020 or early 2021
Anon do you know where we are?

>>26482468
Discord and irl friends. Majority of them are becoming bearish, even the most dedicated ”100k eoy” guys are turning bearish.

>>26479076
>thinking normies matter at all to price
focus on the business value, not on who can buy or not buy

>>26482685
Meant late 2021 or early 2022

>>26482503
>Wish these geezers would shut the hell up and realize the world is ours now. Nobody cares what you guys have to say. I promise.
Based mindset, those with no skills now rule the world

>>26482672
What do you mean? There was a big bubble and crash

>>26480766
I told the feds to stop printing money soon, they will consider it fren

>>26482729
Okay, but based on the 4-year cycle the peaks have already come and gone and it's just a slide into the bear market from here with swing trading on the way down being key

>>26481644
Does this mean I should enbiggen my monero bag?

>>26482732
I love it when you COPE, bitch.

>>26482474
yeah right. Most of the oldfags are my irl friends whom i see almost every day. They would totally troll me.

>>26482773
So short the fucking market then
Nocoin faggots all seem to think red line = you lose money

>>26482808
Lole faggot
Looking forward to your pink wojaks on the way down

>>26482862
>he isn't shorting the market
I'm speaking in simple terms for simple people

>>26482689
Why? So you’re a nocoiner?

>>26482773
lolno, top will mist likely be in the 100-200k range for btc

>>26481111
lol pussies and normies were never meant to make it anyway, enjoy retiring at 60 when your dick doesn’t work anymore

>>26482946
In 4 years, yeah

>>26482928
I have still long term btc’s of course, but i’ve sold most of my alts. I still have some ada, dot and link, but probably selling ada and dot during Q2. Still deciding if im going to move my link stack to my long term portfolio with btc’s.

OP are you suggesting the market will correct? Thank your "oldfag" discord group for sharing such valuable insight. Here I was thinking it only goes up. Can they link us to some sort of literature we can refer so that we can chart the market's history? I imagine their ability to predict the top to be very profitable. Why are they casing out and not shorting with leverage?

>>26480689
is this legit?
Time to sell to tether then I guess

>>26483151
BTC dominance went to 40% at the peak of the alt tops, we’ve got 25% to go

>software where you pay 10€ message fee, for message of size 40kB
>it's a pyramid scheme
color me surprised

>>26482995
cope

>>26482751
I mean just that. Anyone holding since 2017 didn't get wrecked. As of today they are back in the green.

>>26483197
??? I'm literally agreeing with you
Reddit moments everywhere today

https://www.lookintobitcoin.com/charts/rhodl-ratio/

>>26483229
This cycle, retard. Not fucking 4 years from now

>>26483250
lol
the 2017 double peak equivalent already happened and the downtrend has clearly started
it won't happen this cycle

>>26482871
Suck my dick, nobody respects you.

Isn't NANO feeless?

>>26483374
Nor does anyone respect you

we're literally in june-july 2017 in terms of where price is relative to the top of the run. We've got at least another year of this and the final year of the run is always when prices get most exponential. If you don't think BTC is going to at least $100k you're thinking too small and are NGMI

Too many bears. this isnt the top sirs

>>26483226
That was the entire point of my original post, are you dense?

>>26483376
As a result, the network is not secure and no one will trust it with a significant amount of money.

>>26479076
nice bait but you need to go back to wsb

>>26483304
Babby's first correction

>>26483396
These bears think a double top or meme chart matters when you can overlay and apply it to anywhere on the 2017 run up too. The indicators that matter still give Btc plenty of wiggle room up. There will be more 15-25% corrections. But there is no way that BTC only does 2x from ath and ETH doesnt do a 2x for this cycle. These ‘oldfags’ if this guy isnt a larp dont know anymore than us 2017 fags. You either use TA or indicators such as RHODL

>>26479168
If they didn't sell, they wouldn't have lost anything by this point even if they bought at ATH for btc or eth

Why do we allow redditors to post here?

Lol at all the bitter retards who missed out

>>26479076

>>26483389
lol

>>26480172
Except that’s not what’s happening, mid and low tier wallets are selling while the top bitcoin addresses are still accumulating

>>26479339
Completely agree, no point in it, use tokens to move more tokens which move other tokens. All of which come with a 5% fee and have 0 *current* applications other than speculation.

>>26480766
>there is no fundamental basis in their evaluations
There isnt fundamentals in anything anymore. TSLA has a PE ratio of 1700+ for fucks sake.

>>26479189
Yet a shit ton of people, and entire generations of zoomers and millennials savy about inflation, finance, etc... believe its a hedge against USD inflation.

>>26479076
>everyday consumers are not interested in spending 1k+ on a coin just to purchase a variation of 500 different tokens using $50 in gas fees per transaction.
okay, but some people are? Ethereum is not for normalfags or even pajeets at this point. it's a whales game and i'm fine with that. big money is in this now

You can tell OP is correct because everytime this topic comes up you have pathetic rebuttals like this:
>>26479550
>>26480783
>>26480563
Midwits want to believe crypto has intrinsic value because of muh digital scarcity, despite the fact scarcity alone has never been a foundation for value and digital scarcity is a meme anyway.

>>26484647
Yet you skipped everything else.

>>26484868
The rest is just dancing around details like TA charts, certain shitcoin utility, etc. There's never any substantive argument on the fact crypto has no intrinsic value. All you get are meme responses or seething newfags that got in 6 months ago and want the number to go up.

>>26479168
I sold 90 % of my ETH @1250.
This shit could keep going and maybe even hit $5000 this year, but I agree with you completely.
99 % of crypto is pure vaporware and speculation can only take you so far.

I am OK with missing out gains, since I just don't see how this is sustainable in the long run with almost no real utility.

>>26481111
>it cannot last at its current state.
Why not? We're talking about the price relative to the dollar not relative to something that has actual value.
What argument can you make now that didn't also apply when the price originally soared to new all time highs of $3k?

>>26479076
If this is the apex of a bullmarket then it was fake and gay and I want a fucking refund.
This can't be the real end of the bull season run.

>>26479076
that's why we have bch which scales

>>26480441
How about shut the fuck up

>>26479189
i see where you are coming from, but the price is kept by supply and demand as any other, while the price is too high, either there will be less adoption in search for alternatives, or there is wide spread adoption, now this is where im left short. regardless, bitcoin would need too much adoption to grow any higher but is now limited to that adoption because the adoption seeks lightning networks, litecoin, etc. so you see its hard for the number to go up unless bitcoin was better than alternatives. at the opposite conclusion, for bitcoin to not reach 0 there needs to be some use and demand whether through transactions or storing wealth. in the last conclusion we must know whether bitcoin has fulfilled its success case in either being used for transactions of some wealth. i personally do not believe it will fulfill it, and 1 reason for that is because bitcoin can be destroyed, the other is that other cryptos are better. invest in crypto not bitcoin

>>26481773
Kek

>>26480766
>I have some stocks, some crypto and some real estate
This is the problem. You warn everyone to get out because everything is overvalued, yet you (and everyone else) is chomping at the bit to buy stuff. Nobody wants to be on the sidelines but everyone wants to be warning everyone. Nobody is prepared to practice what they preach and sell.

>ctrl + f
>xrp
>0 results
No one in this thread is gmi

>>26479076
The American dollar is massively overvalued given its utility. A piece of paper that is already covered in ink has no fckin value. Those numbers you see in your bank account, they have no fckin utility or value.

>>26480531
Just because you do not understand what any of this does, does not mean that it "does nothing." You're a special kind of stupid if you look at the world like that.

>>26479076
everyone with a brain knows crypto is a meme and just a gamble for investment purposes

>>26485148
he fell for the first selloff pump.

How many boomers are in this thread? go back to /o/ you old fucks

>>26479076
basically, it's a pyramid scheme

>>26480441
There's about to be a whole lot more lunch money thrown at shit because the degenerate central banks have left people with no alternative

>>26481644
And Macau money laundering by the chinks

>>26479935
This time it's different because fiat is going to zero

>>26479189
average bitcoin transaction is above 200k brainlet.

>>26480531
it gives me an intense pleasure knowing that you are not going to make it. stupid people deserve to be poor

I think we are close to the top, I'm being careful. I took out my initial and letting the rest ride in ETH/LINK/AAVE/SNX

I think we have a few more weeks, maybe a month or two or alt season then we have a massive crash

>>26482468
ID on discord

I think BTC could break 100k ETH 5k and LINK 100 within 2 years but I doubt this is going to happen without a major correction happening before it. BTC is already running and fumes and I'd imagine it dropping the old ATH before it peaks in late 2022. The present economy also seems to be like a ticking time-bomb, I'm not sure there isn't an event that could crash the global economy and even crypto happening already before 2023, things don't feel quite right, it feels like we are in clown world.

>>26487391
This is my feeling as well. But for the first time this year I really feel like there could be a global-happening in the next 2-3 years that crashes everything far more than the previous crashes in the last 50 years. This has become my main concern lately, because things are becoming too absurd worldwide.

>>26487391
Everyone is waiting for "alt season". It will never come but BTC will keep going. The ICO craze was the only "alt season" ever. It's now widely known as a cautionary tale about ponzis even among people who know nothing else about crypto.

>>26486387
based

>>26487647
we /defiseason/ in case you didn’t get the memo

>>26487391
newfag ngmi

>>26481496
Based

>>26487835
I'm not new you fucking euphoric retard

>>26479076
Nice cope bro but no.

>>26479076
Wow why are you so mad

>>26479076
Correct there is literally not a single project that is undervalued right now. EVERY SINGLE ONE IS OVERPRICED

>>26487705
Too experimental and niche to bring in plebs or traditional finance in this cycle. It's running on eth which is a strictly a toy for short term experiments and the token is not needed for any of the projects. You're early.

>>26487867
euphoric? I'm literally bored because this 'bullrun' is like a mouse fart in a 1000liter container.

Only newfags think this is a bullrun.

Eat my dick faggot. Just because you can't properly value an emerging asset class of networks doesn't mean everyone else can't.

>wow i read this whole thread and realized i should sell everyth-
drns

>>26479076
>everyday consumers are not interested in spending 1k+ on a coin
hrrrfgfgffffooooppppppfgppfgf

>>26486499
This.

>>26480906
This

>>26481496
based

>>26485148
>I am OK with missing out gains
so you're ok with being priced out permanently when ETH pumps to 10k and then consolidates at 5k? ok enjoy ur consoomer items and 33% inflation rate per year fiat