/biz/ - Business & Finance

>>54810230
>not showing the complete circle

>>54810230
>security budget
oh it's a seething retarded shitcoiner

>>54810230
>this tired post again
k, keep us posted
Sage

>another "i still don't understand bitcoin but here's why my altcoin is better" late adopter story.

>>54810230
We were promised $135K+ and that shit never happened. Fuck BTC and the scamming maxi cunts

>>54810230
>Pays no yield
Why do people want inflationary shitcoins that rug as soon as the yield loses to value against the dollar? Bitcoin was never meant to be a sloptoken.

>>54810326
>Bitcoin was never meant to be a sloptoken
BTC is the dumbest shit out here. Nothing to offer as far utility and pumped to a retardedly high price

>It's temporarily being kept alive entirely by story-telling and ideology.
Welcome to literally every facet of human society. The only reason we aren't acting like chimps is because we inhale massive amounts of copium in the form of imaginary systems and orders that are tethered to no earthly laws or boundaries. Bitcoin, fiat, education, law, religion. It's all the same. We latch onto imaginary stability and blow it up over time because we're ugly needy creatures, and when it collapses we latch onto the next.
I'm short, this is why we can't have nice things.

>>54810230
it is actually an inflation hedge thats why it went from 14k to 68k when all that covid money got printed. its just forward looking. if youre a pleb and need it to track daily to inflation then youre just too much of a brainlette to make money with it

>>54810230
hey I remember this circle in 2018 when everyone thought 19k was the top and we were going to 0 anyways fuck you anon you are a faggot

>>54810326
Bitcoin literally yield farms all shitcoins and all other assets all at once

>>54810230
It will continue to be valuable so long as governments refuse to provide a normal fucking currency for people to use

>>54810248
>>54810262
>>54810265
>No arguments
Typical Bitcucks

>>54810230
>It failed at being peer to peer electronic cash
it didn't
note how your post just ends here, because you lied and your whole post depends on this phrase

typical jewish trickery
you throw a falsehood first as if it was a quick well established fact, then start a long winded argumentation over it

just like the guys who say Japan needs immigration, they first throw the lie of negative population growth and start their argument from there

jew

>>54810420
>an argument to a non-argument
what would the point be? you still don't get it after 15 years and a huge % of your lifespan you never will.

>>54810565
>it didn't
Yeah it did

>>54810667
Hashrate just continues to go up and bitcoin processes 300k transactions a day on average.

>>54811047
Ordinal transactions don't mean it's a peer to peer cash system

>>54811091
The rate has consistently gone upward since before ordinals.

>>54811102
>The rate has consistently gone upward since before ordinals.
Wrong

>>54810230
There's a stack of papers that's really high explaining the benefit of Bitcoin

>>54810230
>It pays no yield
>It's a ponzi scheme
Ooga booga inflation cuck
Bitcoin will keep growing just fine because fiat has infinite supply

>>54811118
In 2022, bitcoin processed over $8 trillion dollars in transactions. I would say that's a staggering number for just a base layer. So it hasn't failed, far from it, and it continues to grow.

>>54810230
Bitcoin is garbage you're 100% right, but it won't go to zero unless the dollar collapses, tether collapses, or it gets hacked by quantum computers.

>>54811188
Absolute newfag

>>54811169
>that's a staggering number for just a base layer
That isn't shit

Just don't buy or use bitcoin, use dollars, a superior form of money. Buy wait a while, I'm sure you'll love what the cbdc has to offer. You could go all in on cbdc's.

>>54810230
no one seem to get it but its true.
Mining costs more (=lower profitability) if price doesn't follow.
If 10 years that's still manageable, BTC could reach 100k- but 500k in 20?
Okay, what about the price BTC would need to have to have same security in 50 years? $2B per BTC
in 100 years? $1T per BTC
in 150 years? $500T per BTC

Now observe that the fucking market cap is skyrocketing, and still has the same security than today. This is fucking insane but it is a fact of maths itself.
The risk just explodes over time, there is exponentially less security for the wealth of BTC over time...

When would this break/attack would happen first? Probably less than 30 years. On paper, this fucking sucks guys

>>54811284
Your assuming the costs to mine continue to rise over time, but advances in technology are deflationary. Nonetheless, if mining costs rise in dollar terms then bitcoin will naturally keep pace, and even moreso as adoption grows. I honestly can't think of a better asset to hold through the times we are living in. Give me another option. Gold, Tbills, real estate?

What will happen when it peaks in the next bull run around $100-$110K and people start to realize the gains of the past aren't there anymore (maybe 50% peak to peak in 2024/25). Why would anyone worry about accumulating after the dump waiting 4 years for a presumed 20-30% peak to peak increase? especially as RWA start being brought on chains (not BTC).

>>54810230
it's the Beta Test Coin and only brainlets havent figured that out yet

>>54811827
wow is that why it's called BTC?

>>54811621
What you are missing is that if you measure Bitcoin against the dollar, it will trend upward because the dollar is devaluing. The dollar trend will not reverse. So what do you think large funds are going to do when they realize that shitty tbills can't keep up with devaluation?

>>54811379
If you don't buy bitcoin you run a massive risk of bitcoin being worth $10,000,000 in a couple decades and you sat sidelined, or worse, all in shitcoins and missed out completely. You'll have to live with this fact and explain to your grandkids why you never bought bitcoin for 30 years. It will be less forgivable than the boomers honestly.

>>54810364
>I'm short
lmao fucking manlet retard

>>54811091
Gold also isn't peer to peer cash

>>54813185
>worth $10,000,000 in a couple decades
>massive risk
kek stfu you retard. Bitcoin was injected with an insane amount of money as the public all over the world were given free cash without having to work in one of the biggest bubbles of all time and it still couldn't get anywhere near 100k. BTC is NEVER going even close to 1 million let alone 10 million. How deluded are you?

>>54813294
$500k at gold market cap, should easily hit a few million dollars before it smooths out anyway

>>54813332
It's not going to get past 250k before it stagnates and dies. The OP is right.

>>54813167
You're right the dollar will continue to devalue and I guess bitcoin is lucky there are no other investment vehicles available on the market. You just laid out the same thesis as gold.

>>54813369
Bitcoin is way better than gold.

>>54813381
Not if you understand the derivatives underlying gold

>>54813226
Yeah, it actually is

>>54813365
Newfag

>>54813513
Peer to peer means digital>>54813513
, but tech illiterate don't know

>>54813294
Massive risk? The only massive risk I see is holding cash or bonds. Bitcoin will be must for all balance sheets. If you aren't saving in bitcoin then you will be left behind.

I said it before it's an index fund 3x
As soon as the stock market dips hard it's done for

>>54813369
I actually used to be a gold bug and have nothing against it but I feel that bitcoin is more suitable for the times we live in. I still have some gold but when I actually started using bitcoin it instantly became obvious to me that it was valuable. I sold a motorcycle for bitcoin, so easy, just waited for one confirmation and handed him the keys.

During the life of btc, it has definitely acted as a way of protecting your savings against money supply expansion by giving the opportunity to opt out of the current centralized regime for a decentralized and neutral system. Once you opt out, it is unlikely to opt back im with the current trend of irresponsible money expansion. BTC can only be killed by responsible government spending.

>>54814043
I'm actually expecting a hard dip in the stock market and yes I think the bitcoin price will dip also, but I can picture it also breaking away from the market. Bitcoin provides a totally different value proposition and that will be more apparent as the financial system comes under stress. So things can go a couple of ways. Either the Fed finds a way to kick the can down the road once again or the dollar system implodes, both are bullish for bitcoin. When I see politicians and bankers attack bitcoin, then it's obvious to me that I should be buying.

>>54814134
I don't think a responsible monetary policy can kill bitcoin anymore. It will always be worse than bitcoin. Government have proven that they can devalue money and savings anytime randomly even if they say and act well for a while. It's over for fiat. Plus they won't stop devaluing it (see how Keynesians just sound like degenerate cultists more than sane individuals right now)

>>54810230
Btc-20 coins will save bitcoin. One in particular will be chosen as the coin to pay transaction fees and miners on the btc chain.

>>54811222
You aren’t shit, you stupid nigger.

>>54810298
>We were promised $135K+ and that shit never happened. Fuck BTC and the scamming maxi cunts
Patience is the key
wagmi
>>54814002
>Bitcoin will be must for all balance sheets. If you aren't saving in bitcoin then you will be left behind
Another informed fellow
with what analysts and some Al research platforms are predicting, i believe we will see a public positive upward trend over the next few months, and lots of folks will look back in the coming years and regret not buying it now.

>>54810230
your blueprint to wealth. congratulations anon, you just made it.

Think of the blackest gorilla nigger you can... That's a bitcoiner

>>54810230
zoom out

>>54810230
>>54810420

https://danhedl.medium.com/bitcoins-security-is-fine-93391d9b61a8

>>54810364
Only true post in this thread

>dome theory
Holy based

You have to be a total retard to still hold crypto with countries getting ready to roll out their own digital currencies. You'll be forced to surrender your crypto or face jail time. It's fucking obvious where they're going. They won't allow non regulated competition.

Bitcoin is the most overvalued coin for sure.

>>54810298
> we
> promised
No. You were a sucker who forgot that Bitcoin is decentralized. No one can declare anything about Bitcoin.

>>54810298
The next cycle will just rip the tip straight oof it... I tells no lie! Straight oof!

>>54811379
even if you assume like 30% of mining efficiency improvement every halving, energy cost being constant (safe assumption).

Conclusion is still, mathematically: if the price ONLY doubles every 4 years

>>54815973
Their shitcoin will go to zero and they'll beg for bitcoin

>>54816164
On average double every 4 years is both unimpressive and probable given what you're measuring it against

>>54816083
>Bitcoin is the most overvalued coin for sure.
ETH is the most undervalued coin for life.
NXRA is most undervalued DeFi bridge for sure
MATIC is the most overvalued L2 for sure.
Arbitrum is the most overhyped shitcoin.
Everything is becoming a reality.

>>54816164
Price in dollars? Dollar value trends to zero. It's really a no brainer. Like this anon says.>>54816557

>>54811138
Based Chad, Bitcoin is the future of finance and there would ever only be 21 million in existence. I'd keep doing my DCA on the asset alongside altcoins like Matic, Egld, Ride and Itheum for future gains.

>>54810230

You had 10 years

this fucking ta lolo

>>54810565
Bro. It did. There is no fungibility. Why? Because of "tainted" btc. Did your btc once sit in a darknetmarket wallet? Tainted. Did it once sit in a terrorists wallet? Tainted. Did it once sit in anti LGBT wallet? Tainted. If you're holding that bit on your wallet gets blacklisted. Cash is WAY better than bitcoin.

There is no privacy. Every transaction is on the blockchain. I know how wealthy you are. I know where you spend your money. On what you spend your money. And I can and will tra k your every move. CASH IS WAY BETTER.

Transaction times are slow....extremely slow. And lightening network is a bandaid on a shotgun wound that only serves to centralize power. I'm not going to wait an hour for a transaction. And I'm not going to use lightening network because it defeats the whole purpose of crypto as I am reliant on a third party middleman.

Bitcoin is ded. I wish it were not true.

>>54820587
>brainlet
come back when any shitcoin posts a new high in sats over four years

>>54820587
>>54810230
>>54810420
a based high IQ anon on biz, what the heck

>>54815527
lmao dead, see you again in 12k years when btc will be a thing again

>>54810230
At least, real rainbow graph!

>>54820587
Dickhead seeping early morning cum blarbing shit on Biz. Your father died of ignorance and here you are today heading for doom. Bitcoin is your future and you can't do without it. Once the congress is done with regulations and TIDV with NexeraID get widely adopted, then comes the wealthy days for DeFi bros.

>>54811124
>dome id