/biz/ - Business & Finance

>>27249135
You are just now realizing that 90% of market value is speculation.

This is why we need regulations

I've assumed since day one that every Altcoin is a fucking scam and it's just trying to be "the next bitcoin"
I've only ever bought Bitcoin and it's worked out for me.

>>27249135
Some people are putting their entire life savings into overinflated shitcoins with no value or rug pulls.

>>27249135
Yeah no shit, first year of investing stocks or crypto? 99% of value is speculation. The underlying asset doesn't matter.

https://www.coingecko.com/en/coins/bao-finance

I've only ever bought BTC and XMR. I hold BTC because it is the most used. I hold XMR because it's the most useful crypto.

Everything else is a shitter form of digital payment with fiat or a shitter form for BTC.

you had 5 years

>>27249598
PRQ has a solid use case since it interacts with the real world

>>27249135
yeah well that's why you buy chainlink not shitcoins

>>27249135
This is what it's like to be at the top. DOGE, scam coin #2543, fantom pumping. All enormous red flags. I'm cashing out today.

>>27249598
You're retarded, lurk more

Yea dude, for the most part crypto is a bunch of Ponzi schemes. Doesn't mean you cant make money.

>>27249668
>these coins serve absolutely no function and their purported benefits are all technological word soup and abstractions.
Perhaps your vision is failing you?

>>27249545

i wouldnt be surprised if you came out and said you believed the shit website facebook is worth more than brick and mortar gamestop

>>27249676
What's your portfolio?

>>27249759
Don't hate the player, hate the game, fuckface

>>27249135
Why do you think link marines don’t shut the fuck up about it sirgay fails to driver promises and dumps millions of dollars worth without missing a beat
that said /biz/ is a crypto board and I hope it stays a crypto board leave stocks to them niggers on upvote island

>>27249644
More like 12 years

>>27249808
100% LINK ($300k)

>>27249135
Why do you no coiners come here? Just fuck off.
>hurr business and finance
This is a crypto board whether you like it or not. Find another place to menstruate.

>>27249895
I always thought that Sergeys loyal army of zombified paypigs was peculiar. Must feel horrible eating that Russian bastards shit week after week. Dump, dump, dump! *braaaaaap*

How the fuck does one get into Crypt? I really don't even know what it is but trading it seems fun.

>>27249664
No.

>>27249336
More like 99.9% when it comes to crypto. Way less regarding actual stocks

>>27249135
What's insane is you not DYOR and then making sophomoric threads like this one.

>>27249135
what was the market made for anyway, whats the point of buying and selling virtual stocks with no real value, can the companies who own them even liquidate and use to expand without collapsing their own stock value?

>>27249135
honestly cant understand how people put large sums of money on shitscoins
like what do they even do
fucking donut coin
tomorrow i see unicorn coin
next week pizza coin

>>27250201
>This level of arrogance and delusion
Wow. Astounding.

>>27249401
fucking glowies

>>27249673
>fantom pumping

Yeah that’s the biggest red flag to me. That utter scam shit only pumps when when the bubble is about to pop like a clockwork each year.

Real shit will make it in the end

Is today the crash?

>>27249135
If you didnt know all of this since 2011 you deserved to lose your money. Bitcoin never did anything but allow people to gamble online and buy drugs anonymously. All the other coins never even did that, it was all a ponzi scheme from jump

>>27250496
>never did anything but allow people to gamble online and buy drugs anonymously

BTC cant even do that anymore because blockchain auditing is so easy. That's why I have XMR. It's still smart to hold BTC because it is the most accepted as of now.

>>27250407
Just look at that LTO chart.. beaut

>>27249135
Welcome to the financial market sweetheart

>>27250610
monero is still legit though

>>27249598
Based XMR Chad

>>27249135
It’s all window dressing on what is basically a social gambling game. You buy betting your interest will trigger others to buy and that you can be slightly ahead of the curve and sell before the coin dumps.
In between you play games online trying to generate FOMO or FUD and see if you can manipulate people’s emotions enough to put you on the right end of the transaction.
And the thing backing all of this up is crime. Money laundering, CP, drugs, etc the volume of crypto transactions benefits people who can’t do their accounting in actual currency. That’s trillions of dollars.

>>27249135
all it takes is basic risk management, which is something finance professionals understand - meaning /biz/ has none of it

>>27249979
>you need to lurk more to come across a LINK thread
holy fuck fuck off.

Ok, I have never asked to be spoonfed before, but I just don't understand this. Why the hell are "utility tokens" necessary? I understand BTC and XMR cause they are the product itself, digital money. But why the hell does there need to be a different fucking shitcoin token for every single new niche platform? Why can't the companies ask for regular money in exchange for their products, or even just BTC?

>>27250753
It’s a dirty game

>>27249135
Whats your take on doordash? A 70 billion company with no assets, no profits and growing competition from a hundred food delivery apps?

>>27249718
It's almost like yuou don't even know what value is

Buy the 1% of coins with clear purposes:
LINK: store trusted data on the blockchain
GRT: search the data
PRQ: trigger events from the data

>>27250955
The only value that a useless coin possesses is the value that people entrust in it through speculation, that includes your precious linkies. Shouldn’t you be opening your mouth for the daily Sergey dump? How does his shit taste?

>>27250296
>This level of condescension, ignorance and entitlement is astounding.

>>27250851
Considering he still thinks crypto's entire utility is digital payment then yes he really needs to lurk more because he's clearly a tourist stuck 5 years ago.

>>27249135
you REALLY underestimate the power of dummies on the internet buying on pump and dump memecoins that easily gain attraction

>>27250296
How many white papers have you read? Link and summarize your top 3. Please tell me how useless API or oracles are for blockchain. Please tell me how useless a DEX aggregator, which is also a DEX itself, is that neweggs swaps for you and will have future gas reduction integration. Please tell me how competing micro-economies and their monetary policies are useless. Please give me Israel Kirzner's definition of a competitive free market.

It's time you prepare your sister's asshole. The castor oil is ready.

>>27251084
I literally don't and never have held any link. You sound really buttmad though.

What is the value of a dollar?

>>27249401

Thanks rabbi, we’ll take your opinion into consideration

The only thing that makes some sense is the unconfiscatable aspect of Bitcoin, however even Bitcoin is a bear market now so imagine how hard will shitcoins crash.

>>27251094
Forgot to say laziness

in the end kikes will win anyway, it will be controlled takeover where governments introduce their own crypto made by people connected with current central banks, they obviously will get priority to swap useless fiat for new coin and keep their wealth and power anyway.

>>27251133
>technological word soup
Well done, you’ve made yourself look like a bumbling retard who read an obscure blockchain dictionary. Quit trying to rationalise your scam with esoteric jargon and obscurantism, the simple fact is that crypto is a fucking worthless scam.

>>27251182
I’m not buttmad, just exposing cryptotards.

>>27249979
Lmao

>>27251094
>>27251271
Yes you are a condescending, lazy, gay retard. Well done. I didn’t expect this level of introspection from a CRYPTARD.

>>27251386
Everyone laugh at this brainlet while I force-feed his sister castor oil and apply it to her rectum with a chimney sweeper.

>>27250899
No answer yet. Heh.
>>27251308
Unironically this. That's why XMR seems to me like the only real valuable coin, but people are too retarded to liberate themselves.

>>27251386
Yeah, misclicked. Was meant for OP in reply to >>27251084

>>27251386
All you're exposing is your low tier midwit tardation and ADHD

>>27251546
You haven’t touched a woman in your life you disgusting animal. Please go back to soiling your trousers and watching anime.

>>27251540
Hahah, what are you eden doing here. Go back to plebbit. Is this b8?

>>27249430
are you implying that ethereum is a shitcoin

>>27250951
Food delivery services are a race to the bottom. Same with a company like Uber. All their drivers are paying for the cars and maintenance how tf are they gonna make it when they want all the cars owned by Uber in an autonomous fleet? They’re gonna have to pay for all of that. They can’t.

>>27249808
Post bod right now coward

>>27249135
Just like the stock market

>>27251576
New blockchains, especially forks, result in new coins. Simple as.

>>27251182
>What is the value of a dollar?
The very fact you ask that question proves youre a retard.
The old
>well fiat money is only worth cause we BELIEVE it is, did I just blow your mind?
retardation. Ye you blew my mind by your complete lack of understanding what money is.

>>27251224
>we’ll take your opinion into consideration
>he thinks he has a say in the ordeal
cute

>ummmmm actually the blockchain oracle of API disintegrates token burn in an investment pool of three jiggowatts per nanogram of circuit board DEX aggregation multiplied by the number of gwei per satoshi

Couldn’t you just have made things easier by admitting “I’m a pseudo intellectual NEET with 0 life prospects and a penchant for gambling my benefit money on useless cryptocurrency”

>>27251730
exceptions apply, but you should assume every altcoin is a scam until proven otherwise.

>>27249135
Welcome to the thunderdome motherfucker

How the hell is this just technological word soup? Thanks to Lition and their p2p energy trading platform, more than 10 thousand German households are literally saving 20-30% on their electricity bills AS WE SPEAK. OP, you need to stop looking at pajeet scams of the week and actually do some effort to find hidden gems.

>Lition advises German Energy Agency (dena) on their new initiative
(fagbook).com/LitionEnergyDE/posts/3469881116468008
>"As a decentralized energy provider, we advise the initiative of the German Energy Agency (dena), (...) to promote the increased implementation of direct electricity supply contracts in Germany."

>Partnership with E-Autos.de Deutschland GmbH
(fagbook).com/LitionEnergyDE/posts/3485033588286094

>>27250753
hahaha "crime" cope yet again. deflationary currency exchangeable without an intermediary that can be stored without an intermediary

if you bought a small amount of btc when it launched you'd be a millionaire right now, so spare me the negative predictions when you never foresaw the first one

>>27251690
But I have (inb4 huurrr yer mom doesn't horf dorf so clever). And I still dab on you. God you're so mad that castor oil must really burn your sister's asshole.

Most of the coins are completely worthless, yes, but there are some that actually serve a purpose. BAT is a great idea and obviously the future of online advertising, but gets no hype because it’s a stablecoin and artificially devalued while the Brave browser grows. LINK is also a great idea, storing data in decentralized nodes rather than single choke point servers is becoming more and more popular. The issue is obviously how much the coin value deviates from the underlying asset, which is almost entirely speculation. BAT is undervalued for its product, LINK is overvalued.

>>27252156
No you haven’t.

>>27251961
God you're so mad you're trying to convince everyone here that your low iq is a virtue

>>27249135
>What is LITION
>green energy live use case in Germany with 15k+ customers
>about to load txns onto blockchain connected
just off urself and do us all a favor baka

>>27252255
COPE. Btw my penis is 7.2 inches in length with 5 inch girth. Sorry but I have my bases covered.

>>27252259
More just stating the obvious: that your inflated hubris and intellectual sophistry is a vice and your technological word soup is an abstraction with no basis in reality. Anything beyond BTC + XMR is a straight up scam with 0 real life application.

>>27252402
Shame you’ll never use it little buddy. Aren’t you due a diaper change?

>>27249135
Pills take em
All fields
Jannies do your job or your out on your hat

>>27250905
Idk it’s not too different from chinks and their underground poker/mahjong games. There’s winners and losers and gangsters are running the show.
The biggest question is will the music stop eventually? Will big tech and the NSA team up to shut down all the miners for the sake of the “environment”? Watch something like that sneak into the Green New Deal.
They can go after the hardware. Every chip made has backdoors for intelligence agents.

>>27252315
It takes a special kind of retard to come into a thread exposing shitcoins for the useless scams they are and then attempting to pedal your useless shitcoin. Can you fuck off, kike?

>>27251770
And yet these fake companies are worth 100 billion by market cap. But gamestop=20 billion=fraud.

>>27252453
Okay please go tell the devs that and do it in-person if an option. No one here needs to question any further that you're a bad faith actor and broken wind-up doll.

>>27249598
The only rational portfolio. With some change thrown at a few shitcoins and gains fed into XMR and BTC.

>>27251133
based

>>27249401
Nice bait nigger, you need to regulate the number of penises mooning in your mouth

>>27249430
Eth, Monero, Tether?
The last two are even price stable and primarily used as actual currencies, which not even bitcoin can say.

>>27251224
You have NO RIGHT to talk to the Rabbi like this.

>>27252675
Try not to lose sleep over it, I know I won’t. Faggot pussy bitch.

>>27251386
nice larp

>>27252641
Yes you exposed that you know nothing about crypto and that you're a fussy little bitch shitting your diaper with every reply. Bravo.
>>27252560
Yeah I'm done with this little boy.

This now cunny thread everyone. Please post your best cunny OOOOOOOOOOO

>>27252214
think only me and you share the same feelings when it comes to BAT

>>27252060
Sounds great. But for now most people won’t take it. If it weren’t for Silk Road crypto currency’s would never have taken off.
Here’s the problem with a deflationary currency. You are incentivized to never spend it. So great you have $1,000,000 and you can never spend it because in doing so whatever you get in return will have a lower appreciation than your magic meme currency.
The whole point of money is to be a medium of exchange. Money that nobody wants to exchange is no longer money.
Wealth isnt money. Wealth is goods and services.

Don't forget stellar with its GOTTA GO FAST transactions.

>>27252938
The only thing that got exposed was your virginity, and this post is the cherry on top. Mommy finally changing the diaper of yours? Bye bye little feller!

>>27252315
>green energy
If you see this phrase in the marketing for anything, crypto or not, RUN

>>27252939
No it's great. Tackles a real problem and turns it into a boon for every. Just needs some more polishing and adoption.

>>27250222
this. finance is a social construct.

Cute and funny

>>27253197
>crypto virgin is a pedophile
Shocker

>>27252938
>>27252675

Can anyone explain to me what people are doing making useless coins everyday? Like looking at the transactions here, I don’t understand what this man’s goal was or if he succeeded
https://info.uniswap.org/token/0x50b2673ADB45409Ef3ae877e44D5F6b8e2734565

>>27253484
This is a widely copied scam. Part of the code prevents anyone but the whitelisted creator from selling, and is used to capitalize on retarded apes.

>>27253484
The funny thing is that this coin probably had just as much utility as LINK or any other shitcoin of choice.

>>27253649
Your low IQ is showing.

>>27253758
Cope. The entire crypto market is just cope, speculation and delusion.

>>27252214
Lmao you're stupid af. Bat is completely worthless and you don't understand LINK purpose and proposition value at all. Why are you shoe shiners not just shutting the fuck up. I bet you have less than 100 dollars in crypto.

>>27251386
Life on the left end of the mean

>>27253998
t.
>>27251961


It’s a SCAM.

Tabete cunny

>>27254074
>>27253820
Not sure why you're still seething in what was supposed to be a cute and funny thread.

>>27254534
Much better!

>>27250899
The token is a quantized unit of value representing the value captured by the network. If you want to access a given network, the nodes won't accept USD because the protocol is designed around the token. Advertisers can't promote products on Brave without utilizing BAT. Dapps can't access Chainlink oracles without utilizing LINK. Ripplenet members can't source liquidity from ODL without utilizing XRP. This is how the Internet of Value is being built.

Many ideas never made it, many companies never succeeded. It doesn’t mean crypto isn’t a legitimate space and that currency backed 1:1 by blockchain technology is not inherently being seen as an absolutely insane economic system.

Smart contracts, API, deflationary currency. Ethereum, Chainlink, Cardano, Algorand, Polkadot, Avax, API3, GRT, Statera, RSR, Kleros are all game bending financial technology. Proof of Stake blockchains with active devs and virtual machine software are going to take crypto to the moon. It’s such an obviously good investment seen as riskier than playing with a broken system.

>>27254921
Crypto is a very new technology. It’s like looking at an early computer and dismissing it as only being able to do math and a waste of time or an early version of the internet and saying telephone calls are faster.

Don’t think in the present. Think about the needs our future society will need.

>>27252214
>storing data in decentralized nodes rather than single choke point servers
you have no clue what you're talking about. ban all fucking midwits NOW

>>27254534
UUUUUUUUUUUUUUOOOOOOOOOOOOOOOOOOOOOOHHHHHHHHHHHHHHHH

>>27255091
I just saw BAT and stopped reading. Alongside OMG, XRP, and RLC it’s one of those eternal bagholder coins shilled forever on here.

>>27249135
you want curry with your redpill ?

Bitcoin - Store of wealth in the same way Gold/Silver is

Monero - The only currency besides paper cash that can be used discreetly and without big daddy government knowing what you're doing

Everything else - Shitcoin that has zero value

>>27255388
based bluepilled anon

Bitcoin is 85% of the market and the only thing actually being used for something, so it's actually not as ridiculous as you think, these people are just delusional pump chasers and validate their speculation with said pseudotech babble

>>27255388
Discrediting all proof of stake technology is how you are going to get wrecked. Read about Ourosboros and tell me Cardano isn’t genius.

CUUUUUUUUNNNNNNNY

>>27249668
Sergey is a scam. Lurk more about his personal life and you'll find it.

>>27249401
kys nigger

>>27255582
>BUT THE TECH BRO

Tech means fucking nothing to the general public. Tech means nothing to most investors because they're only interested in making money. The fact that you could've became a millionaire off dogecoin this weekend should tell you how much the retail market cares about tech.

The only crypto that will have any value in 10 years are the ones that have practical utility to the general public and to people outside of the tech world. Currently, there are only 2 coins that fulfill this role - Monero and Bitcoin.

This isn't to say there isn't money to be made elsewhere. But if you're going long then forget every other shitcoin and just put all your money in BTC and XMR.

>>27255388
100%
anyone saying otherwise is low iq

>>27250142
The stock market has been doing nothing but going up in the middle of a crisis and pandemic where most of thee economy has been shut down. The stock market is completely divorced from reality and makes no sense. Do you seriously think tesla deserves to be valued where it's at right now? The fed has been propping the shit out of the market. I have no idea what you boomers are talking about the stock market is the original crypto market. Only difference is crypto isn't cucked out the ass with regulations. It's actually a free market.

>>27252757
When JPMorgan issues a stablecoin, all the existing coins will turn into shitcoins. As for ETH, it doesn't fucking work currently. Maybe it WILL work, well then we'll talk.

>>27256094
>all the existing coins
stablecoins I meant to say

>>27250407
Um, layman's?

>>27256073
Also crypto is an emerging market. Joining a game late makes it harder to win. Crypto is a space that rewards intelligence and the ability to understand esoteric concepts.

Cardano is not a meme. This shit is the future.

>>27249664
PRQ is slightly above pajeer tier trash. Same for GRT

>>27256517
GRT is a great technology. Tokenomics are weird, but it’s either a 100x or a crabber. I genuinely don’t invest in something if I can’t figure out the tokenomics, so I missed this one.

DeFi is real
POS Coins securing a network are Real

Yes 99% are technical mumbo jumbo scams but there are 5-10 gems like ETH, ADA, DOT, ALGO, AVAX, AAVE or SNX

>>27249401
Shouldn't you be eating baby penises right now? Get off this website

>>27249135
You are correct, however Avalanche do have function itself, wait for Pangolin to drop!

>>27255091
oh no did the big words scare you? Doge thread is the other way

>>27249135
>99% of these coins serve absolutely no function and their purported benefits are all technological word soup and abstractions. This market is a farce and yet there so much money going through it. Insanity.
There's about 1.3 billion people living in Africa, not a single person from that continent has ever, since the dawn of time, contributed with anything to humanity. The african population is projected to grow 3x in the next 80 years.
That's insanity.

>>27257161
The worlds richest man is African.

>>27250961
But why are these products more efficient than what Amazon, Google, etc already offer?

>>27257161
Elon Musk was born in South Africa though

>>27252938
Holy based

>>27254919
And is the total supply for all these tokens hard cap? How can we be sure?

>>27255047
Who is explaining that future in non-gibberish terms though? I'm sold on bitcoin. But the alts are not presenting the case for their value in a way that 99.99% of people can understand. Maybe there is real value here, but it *looks a lot like speculative fervor fueled on word salad.

>>27249401
Who's "we"

>>27249135
The only coins that have real value are all POW coins. At least you can use their energy usage in your valuation. Everything else is vapor

>>27257409
>>27257708
>African

>>27251386
dunning kruger in action

>>27258722
Another cope pseudo intellectual babble word/theory? Cool! You cryptards are just full of it.

>>27251730
as far as i can tell, ethereum is just a scamcoin that enables other scamcoins

>>27256073
>The stock market has been doing nothing but going up in the middle of a crisis and pandemic where most of thee economy has been shut down.
It crashed at the start of the lockdown. If there was no lockdown the market would be much higher today than it is now.

>Do you seriously think tesla deserves to be valued where it's at right now?
Tesla, of course not. But that's one stock. And it's going to crash hard soon enough. The market overall reflects reality just fine.

>>27256489
Do you really think Cardano is going to outperform ethereum once 2.0 is released?

>>27249135
100% of stocks hold no value and are a piece of paper yet people buy them because they think they have some future value because some boomer told them so. Fact is when stock market crashes, crypto will probably skyrocket though.

>>27249135
In 2017 we figured out how to properly run unregistered IPOs at scale. In 2020 we figured out how to speculate on governance tokens to emulate money printer go brrrrrrr. What ponzi will we do next? Crypto has been fucking retarded.