/biz/ - Business & Finance

Bitcoin without dumb money = $100.

>>8309745
Who is this faggot?

>>8309765
Savagely underrated and ignored post

Dump money = normie monie = hype money

Bitcoin is 99% hype and 1% darkweb market usage

>>8309880
agree. same goes for pretty much every crypto though, especially ERC20 tokens.

>>8309745
Join us you dingus. Sold at 11k waiting for 7-8k to rebut. When the normies see that 20% day they'll rush in again. It's a endless cycle

6k-8k is more of a goldman/morgan-type entry point, assuming they didn't already sell off and moved on to developing another bitcorn currency

Smart money enters in approximately 29 hours 30 minutes

>>8309880
literally not even profitable to mine under 6k. His comment wasn't underrated it was stupid as fuck

also a global immutable decentralized asset has literally never been done before, so its value is almost priceless. Kill yourself if you don't see the value in that system.

Smart money is not entering until the bubble fully pops, which it obviously hasn’t yet.

Hey guys I about to buy bitcoins so I can trade them for drugs on the darkweb. Please can you dump and then pump thanks.

>>8309765
all money is dumb

>>8309993
Actually u should end it

Volatile currency is worthless and current crypto can never be stable

>>8309993

So many newfags on biz who think Grandpa sucks. They 100% think they're smart money as well.

>>8309993
>literally not even profitable to mine under 6k

I won't sell my coins below 6k because else the miners can't make a profit?
What the fuck do I care about them?

People will sell whenever they want to sell for whatever price they want.

>>8310052

Get off my board you newfag.

>Volatile currency is worthless and current crypto can never be stable

You're a complete brainlet. If Crypto is tied to FIAT it'd be fucking worthless. There's INTRINSIC value to Bitcoin. It's literally a digital gold standard.

>>8310073
wow

RETARD

>>8310012
Smart money understands game theory and are all trying to buy lower than other smart money. This leads to a game of chicken where you want to buy at the last minute but also before the other big boys.

>>8309745
Or we all just Hold what we have. Then we all win

>>8310096
question is how much more pain do we have to endure

I don’t think it’s a matter of how much but of how long. Once this goes on long enough there will be enough idiots out of the market and institutional money will jump in (April 2nd)

>>8310073
I'm scared for crypto after reading this

>>8310037
/thread

>>8309993
It's not profitable now, but as the price falls miners will stop mining, which reduces difficulty... The profitability of mining adjust to the price.

>>8310083
>There's INTRINSIC value to Bitcoin

U aware theres a site where you can apply to start your own crypto currency now? Takes an hour to apply and a day for them to approve and launch it

U aware of hundreds of other crypto currncuiues?

>>8309745

>Listening to what kikes say on twatter

Bad idea goy

and now the Tether bubble is also about to pop... oh boy, this is gonna be ugly and a lot of people gonna get /rekt/

>>8310202
Well, there is intrinsic value to it. The money I save when I use BTC to make international money transfers is its intrinsic value.

Intrinsic value = reduction of transaction costs.

>>8310230
Save money with bitcoin transfer? How is it possible?

>>8310053
if someone who has a billion dollars to spend buys at 8k I really doubt they're dumb money you stupid fuck
>>8310052
Its volatile since its new as fuck

any single fuck worth more than 5 billion dollars could buy the whole order book on every exchange for a month straight and still have change to spare at the end of it all. Its volatile since we're literally in a new age gold rush

>>8310265
Have you tried to make an international wire transfer? Have you used Western Union?

>correlated assets
>hurr durr dispersion
Fuck off retard.

How do you lock the price of your bitcoins?

>>8310271
Central banks control volatility. Looks like you are deeply brainwashed. You will be taking my Mc Donalds orders this EOY

>>8310202

You're fucking stupid. You're aware you can make and print your own currency in real life too, right? Does that mean anybody will use it?

>>8310207
>listening to /pol/fags on /biz/

even worse idea

>>8310154
>>8310037
you have just admitted that the modern mythology we have all grown up in is a falsehood. a matrix of sorts to keep the rubes chasing a false idol, even those who would otherwise be capable of doing something about their predicament still keep chasing the ghost of money and since money is the only thing "payed" attention to in our society those people that forsake it for higher truths are kept at the margins of discourse and never allowed to enter the thoughts of the slaves

>>8312037
nicely told

>>8309745
Not much longer. The really good ones are beeing accumulated already. EOS, NEM, Binance, PPT, SUB...

>>8313015
I honestly don't know why you'd accumulate EOS, it has litterly nothing and in the face of an outright crash this shit will plummet aswell. Same goes for SUB.