/biz/ - Business & Finance

>>52564546
Yeah you're probably right.

>>52564546
I think it will keep going down to ZERO

DiFi will completely replace traditional banking in our lifetime.
We are in a transition as monumental as horse and cart to the automobile.

Stable coins fail, something new replaces them. That person becomes rich, normies get their onramp, market normalizes.

It was just a trojan horse for CBDC and make digital money cool for zoomers

>>52564546
Crypto is a result of years and years of low interest and Keynesian economics basically pricing Millenials out of the housing market. People had a fuckton of money they couldn’t put anywhere else, so they essentially invented their own way to accumulate wealth independent of the existing system. This is why most crypto projects out there are scamcoins not tied to the tech behind it: they are a product of desperation.

As interest rates go up and lending slows, all that excess money will drain out of the economy into safer investments, like CDs, savings accounts, etc.

That’s why you’re seeing the tech bubble starting to give the first, treacherous rattles of its long overdue demise: it’s where the majority of that money has been concentrated for the past 30 years or so.

Raising interest rates can’t be put off any longer because it’s having horrible effects all over the place - people can’t afford groceries. The tech lobby, deep pocketed as it is, cannot convince politicians that people can eat their iPhones, and Washington should just keep the subsidies coming its way.

It’s not so much a targeted attack on tech so much as “when all this money is drained away, where was most of it?”
Oh right, in useless startups developing apps with silly names like Zuft and Splork to organize your sock drawer for you. These are indicators of an overheated market, made for VCs to bait investment, not for any long term goal.

Well guess who’s going down first? As usual - the overleveraged, the reckless, and those who thought the party would never end.

I could be wrong, the fed is slow walking this shit as best as it can, but that’s my prediction. The scamcoins will be washed out and the clean exchanges and solid projects will endure.

"Your friend tell you this is get rich quick scheme! You tell friend life too short to get rich slow!"

>>52564616
This, and the big guys know that, I think most of the things happening now, especially the FTX fiasco, are deep state psyops for you to not get involved with this technology in any way nor make money out of it. I mean, you have to be an idiot to think that SBF is a regular millionaire just trying to do good

>>52564754
>The scamcoins will be washed out and the clean exchanges and solid projects will endure.
And that's why I'm not selling or leaving crypto any time soon. I know that this board makes fun of the "Never invest more than you can afford to lose" meme, but that's the only way of not getting rekd

>>52564546
Very soon it will all be gone.
No crypto.
Banned.

>>52564546
Never believed in crypto in the first place, I just got in so I can get rich.
at least mf made me 3x

>>52564546
crypto = what happened when bureaucrats at Fed artificially took interest rates to zero

The way it looks to me is this: it's been many years now and I still have never heard anybody ever say (in real life) that he paid for something in stocks, or used stocks in any way. It only seems to be used as a way to get rich quick, not as a medium of exchange (money) or "margin calls" (whatever the fuck that is) or anything else. I think stocks (or at least GME and RBLX) will probably disappear in the next few years, once people realize that it's not going to make them rich

Regulation will come to crypto
Stables will die, the feds will not allow competitors for their cbdc.
Smartcontracts on decentralized chains and oracles will be big for corporations and the global economy. Not sure which chains here will win.
Memecoins will not be here in 20 years.
Nfts will be used on government blockchains only, its basically a digital certificate, for example who owns this house or this car or this stock. You wont be able to profit from this
Wild cards: monero, btc

>>52566260
This too.

There’s far too much money in crypto for it to die out completely. Rather we’ll enter the entrenchment and gatekeeping phase, where regulations are put into place to make it “safe” (read: squash new competition).

The exchanges will realize that they aren’t going to topple the existing financial order and will “sell out”, becoming absorbed into the system.

Gatekeeping will ensue, and soon you’ll have a class of crypto “old money”. SBF was ahead of the pack on this one - but in his rush to sell out (he wasn’t motivated by autism or idealism, just plain Jewish greed), he neglected to note his own Ponzi scheme was rotting out from under him.

Crypto regulation and normalization is inevitable. The Wild West will be tamed, normalized, and sanitized. Those that were once rebels will surrender their ideals and be given a nice home in suburbia, a picket fence, and a nice little slice of peace and security.

Is this a bad thing? Not really. You just have to decide ahead of time which side of the gate you want to be on before it comes down. Nobody is a rebel forever, especially when their own hairs start turning gray.

So it always has been, so it always will be.

Bitcoin to $1,000,000 by 2030. Fiat hyperinflation. Governments collapse but are replaced with local DAOs. A golden age of prosperity and freedom begins. Children learn about the dark ages of fiat in history class and can't fathom how hilarious retarded but also oppressive the system would have been.

>>52564546
once kikes realize how to manipulate the market for their own gains while draining welath from wagies, mark my word that crypto will suddently becom normalized in just 10 years, all to make kikes richer

>>52566426
Pretty much.
It’ll sell out and be normalized, because something’s gotta replace the ancient ass banking system we’ve got and crypto’s the only model that’s shown real promise.

New kikes and new goyim kapos replace the current kikes and current goyim kapos to "change" the banking system to a CBDC compliant alternative, ie XRP and the likes.
And the schizos keep holding their XMR.

>>52566416
imagine being this retarded. you need to leave.

>>52568174
screenshotted for my collage when bitcoin hits $1,000,000.

>>52564546
Quantum computing will fuck it all up within 72 months.

>>52568340
what fiat hyperinflation with central banks rising rates dont you understand you mouth breather? your stupidity is beyond the plane of time. youre so fucking a dense a black hole is impressed. dumbass.

ITT polcel cope

>>52569708
>He fell for the quantum fud

Kek you are ultra retard, quantum science is literally all fake Jewish bullshit

>>52564546
Introduction of Digital Central Bank Currencies, Crupto will slowly merge with Forex, somebody will come hopefully come up with a normie-friendly micro-payment solution so we can move away from advertising powered services - and at that point crypto will have real value ... (but coins won't be nearly as highly priced as they are now ... so: It's only going down from here in terms of price.)

>>52569708
We are way way off of that happening. Try 72 years and that’s very early.

>>52564546
>"I think we make our own weather in our industry, we make our own economics, and the way you win is you build a product that solves a real problem and you do it now and it takes off. So if you're in a downturn it's the same message as if you're going well. A downturn it's easier to hire because people become more labor available and their demands for compensation and so forth become more realistic, but it's the same rule. You're trying to build a product that's a breakout product, and I have historically ignored as a matter of business what was going on in the public markets. The tech industry has always had lots of capital, because of software there's infinite amounts of money to invest."

>>52564546
I've bought shit off newegg and other sites that support crypto or ways to pay thru crypto. Im not sure why people keep pushing this you cant buy things with it narrative when you can. you cant go into walmart and buy up the store with your crypto so most people say you canty buy anything with it while you can go on websites and alot work with crypto now and more are.


this false narrative of you cant buy anything is wrong and OP is being dishonest about it to push a certain wrong narrative cuz he filtered out things you can buy using crypto and got specific. small pp energy

>>52564546
I believe that the government is filled with inco.petent middle managers that don't really know what to do. I unironically trust the spirit of a completely anonymous out free market of exchange and as of right now I can trade this useless ducking paper that's backed by nothing and my family will prosper for the rest of time.
And there's not a fucking thing you glow niggers can do about it. Kill yourselves.

>>52564546
i believe in decentralisation and privacy. here's my bags:

>BTC
>ETH
>LINK
>XMR

Haha, ya're wasting your money on the shit and then cry on 4ch on every topic. Be smarter, kids, check Bspin

> Strong casino with a BTC as the playing currency.
> Coming giveaway with $15K Prize Pool.
> Transparency and Provably Fair

>>52564546
>bitcoin came out after housing crash and boomers xoomers rekt bagholding real estate
>bitcoin went up as economy crumbled under obama, quantitative easing, banking bailouts, expanding social media surveillance empire with zucc, and countless exchanges/stablecoins laundering money from god knows what awful evil businesses operating in epstein tier tax evasion islands

Obviously bitcoin goes up the worse more evil and desperate this planet becomes, satoshi is clearly satan who else would want a transparent immutable ledger that drains our dwindling energy? Imagine not longing demon energy? Maybe at 10 mil to 100mil a btc we will have naked bloody roaming cannibal gangs everywhere during constant blackouts that make jeffrey dahmer look like a level 1 criminal.

>>52569894
same, i pretty much always use crypto when its an option because its easier and more secure. its also popular in developing nations.

>>52569894
You can definitely buy shit. Problem is that using crypto takes longer and costs more than using a credit card.

>>52564546
Events like FTX and other will soon result in strict regulation that makes crypto less volatile (no more x10) and will subdue a lot of enthusiasm about it.