/biz/ - Business & Finance

[Anonymous No.11909857]

Why would Bitcoin every go to 100K, or even 20K?

Its now mainstream knowledge, and everyone who tried to actually use it agrees that its slow, user unfriendly, expensive whenever there is any reasonable traffic and completely usuited to be used as money. The fact that everyone knows it fell 80% in a year also means it will never be seen as a "store of value".

Its now universally known as a pyramid scheme.

[Anonymous No.11909869]

they said it was ponzi in 2013, they said it was ponzi in 2014, they say its a ponzi in 2018, fuck off OP. we'll make it 100k isn't even the real target, it is 1 million.

[Anonymous No.11909871]

>>11909857
sauce it faggot

[Anonymous No.11909889]

Cool. Don't buy it then.

[Anonymous No.11910234]

>>11909857
it's not about knowledge it's about fomo
gold has been known for thousands and thousands of years adoption is widespread still gets bubbles.

[Anonymous No.11910272]

>>11910234
also silver went from $46 to $13 and it can actually go lower in the coming years $7 or $5 is not impossible... yet it's probably gonna survive you. crypto is even better of being an inflation hedge or medium of exchange than metals. once adoption truly begins (talking about 10% of the world population) there will be a paradigm shift.

[Anonymous No.11910290]

>>11909869
>they said it was ponzi in 2013, they said it was ponzi in 2014, they say its a ponzi in 2018

and we were right all along

[Anonymous No.11910299]

>why would unconfiscable inmmutable censorship resistant money stop having demand
lol

[Anonymous No.11910304]

>>11909857
it wont. only way is normies fall for it again. If there is no financial incentive (shorting on normies and trapping them at the top and forcing them to sell and dump the price) we will not go up. Simple as that. Unless idiots like biz can be convinced to buy in again we wont go up

[Anonymous No.11910336]

>>11910304
>muh normies

Wait for %1 huge portfolio allocations after you dumbasses bottom it nicely for the rich to enter the market.

Normies selling and owning no coins is a feature. Bitcoin is elitist in nature.

[Anonymous No.11910356]

>>11909857
Think OP!
BTC is still young /under development things look very bad at the moment...
What do you think?
1. Stay away it's bs
2. Great time to buy because as technology develops the price will go up

99.9% answer 1 and the other 0.1% are millionaires

[Anonymous No.11911396]

>>11909869
And they were right.

The only difference between then and now was the scale of the ponzi. Each new cycles was a new batch of ignorant people who never heard of Bitcoin but got hyped into the idea that this would be the "next big thing", the next .com revolution.

It isn't, because Bitcoin is shit and not useful like the Internet.

[Anonymous No.11911418]

>>11910336
Nobody that is intelligent enough to become rich is dumb enough to fall for the crypto ponzi.

You idiots are beyond delusional.

[Anonymous No.11911419]

>>11910272
lmfao OP, you do understand WHY this is happening right? You dont actually think the price is determined by a free market. oh lawd.

[Anonymous No.11911421]

>>11909869
problem is, in 2013 maybe only one out of five people had heard of bitcoin. now? i think you would find it near impossible for someone who is under the age of 70 to not know what bitcoin is.

[Anonymous No.11911473]

>>11910356

But you realize majority don't possess abstract thinking qualities but instead think on a homogeneous level bricked with different narratives.


I barely ever post but instead watch the sentiment, it's very beautiful to witness the average person, they are slaves to their emotions and homogeneous thinking.

[Anonymous No.11911538]

>>11911396
>It isn't, because Bitcoin is shit and not useful like the Internet.

T:Brainlet

[Anonymous No.11911615]

>>11909857
Ugh. Why can't you see it yourself?

Bitcoin is absolute shit, as is all crypto. But like the DeBeers diamond market, if you convince enough people, you can take it out of the shitpile and keep it running a while. People are idiots - make money off of their idiocy. Admittedly harder to do when they have literally not even a chunk of shiny glassy rock to hold in their hand, but still - take advantage while you can; the world has no shortage of morons.

[Anonymous No.11911677]

>>11911418
*snap*

[Anonymous No.11911689]

USD is pretty much the worldwide standard in currency. All crypto measures in BTC which measures in USD. The USD is so safe the risk-free rate of returned is established by consequence of USD. Little retro, but very good coin. Such stable prices that its actually used as currency in many countries. I see mainstream adoption soon.

Buy USD.

[Anonymous No.11911726]

>>11911396
>It isn't, because Bitcoin is shit and not useful like the Internet.
great rationale, which is your opinion. nice image ass fag.

[Anonymous No.11911730]

>>11909857
because millions of dolars are printed everyday but there will never be more than 21million BTC

[Anonymous No.11911763]

>>11911419
nobody has power over the market they only have power over your sheep mind. bitcoin is so cheap because you are led to believe it's worthless. you let fear take you over. like fucking cattle. there is only 21 million coins if the market cap only reaches golds a coin would be worth around $350k at least. and that's just the beginning.

[Anonymous No.11911841]

>>11910299
BTC is none of those things.

[Anonymous No.11912482]

>>11911841
>look mom I posted my buzzword posts again as if they matter

[Anonymous No.11913196]

>>11911763
Bitcoin isn't cheap. Its stil filled with delusional retards chasing a get rich quick dream, who will realize that they should be happy with 3x gains from their ponzi instead of wanting to become millionaires with their $1000 that they put in 2 years ago.

[Anonymous No.11913215]

>>11909869
In all of those prior years, "they" was just a small subset of the population. The vast majority had never heard of BTC. Now, everyone (seriously, everyone) knows about BTC and has formed an opinion (a largely negative opinion). That damage will take several years to undo, if it ever does get undone.

[Anonymous No.11913229]

>>11911421
knowing != invested

[future bitcoin No.11913243]

bitcoin will die. Why would anybody bother buying bitcoin when there are 100 times for efficient cryptocurrencies

[Anonymous No.11913279]

OH MY GOD I LOVE THIS THREAD
I see 2014 happen again. Every second post is about ponzi scheme, you are delusional, idiots, no real value, ...
THIS IS PRICELESS. Screencaped all of it. Thanks anons.

[Anonymous No.11913290]

>>11913279
its the same thing everytime. But this is going to be the worst bear market by far, we will most likely hit 2014 peak levels again.

[Anonymous No.11913303]

>>11911730
This guy gets it. Just wait for hyperinflation to hit worldwide.

[Anonymous No.11913336]

>>11911421
9/10 people don't know how bitcoin works
99/100 people on biz don't even know how bitcoin works

[Anonymous No.11913384]

>>11913290
Bottom is at 2800$. Save this.

[Anonymous No.11913389]

>>11909857
I don’t know why everyone think BTC has to be every day money like Satoshi set out.
To me it’s clearly a better way to transfer massive amounts of value securely and transparently and that lends itself better to governments and large companies.
Bitcoin, at least without a strong second layer, is not a good replacement for cash on an individual level.

Satoshi is dead or an unplugged AI at this stage.

I bought btc because I hope major wealth institutions or very rich paranoid Chinese will want a secure non-governmental way to transfer value.


I bought xmr because I want high wealth individuals to see it as the best way to conceal their funds from the tax man.

Governments will likely introduce their own centralised shitcoin to replace cash which they can track every penny through.

That’ll be domestic retard daily coins. If you want to spend bitcoin on beer and groceries you’re thinking small.

Even if Satoshi is alive he doesn’t own this no mo. He has the ability to crush the price by dumping coins for a few years but it’s too big for him to control now.

[Anonymous No.11913402]

>>11909857
>Why would Bitcoin every go to 100K

because kek wills it

[Anonymous No.11913437]

>>11913196
bitcoin is fucking cheap now anything undet $100k is a huge discount for every coin there is a thousand tonne of gold out there.

[Anonymous No.11913589]

>>11909857
You're dumb OP. And you know it.

People wanted to have BTC in 2017 and there is no reason why people won't want to have it in the future. As soon as the dust settles and it starts creeping up again, everyone will want to go in. Just a few million BTC, over 7 billion people in the world. It's a good bet.

Believers join here: discord (dot) gg (slash) tebwEwv

Fudders stay out

[Anonymous No.11913694]

>>11911615
LOL. You're preaching to the die hard, will go to their grave clutching their cold wallets believers here. Give it up. Just do what I do - don't invest into it, and just laugh as it crashes and burns. You're just going to get the typical nonsensical responses here, anyone who agrees with you got the fuck out of Dodge months ago.

Crypto was an interesting experiment, but like someone accurately said, it's a solution looking for a problem, and because of the tax implications in the markets that mean the most, like the US, it will never be what they want it to be. Maybe some day in the future it will. Who knows? But not right now, which is why I never risked a single cent in it.

The rise last year was a once-in-a-lifetime event. It's over. The conditions for it to happen again don't exist, and it's been rejected at most levels, and the events of the last ten days, where it lost 50% of it's value, means real money ain't touching it. (But you'll see endless conspiracy theories that it's the banks doing it, or some other stupid shit)

Making posts like yours is like walking into the Scientology headquarters and telling them it's all fake. Sure, it'll be entertaining, but the odds of someone going "You know, you have a point..." are so low, it's not worth it - unless you're just shitposting and trolling - and that's always funny.

[Anonymous No.11913714]

>>11909857
I refuse to believe that anyone on /biz/ still holds bitcoin after knowing what we know about chainlink. You guys are all in LINK and just shitposting, right?

[Anonymous No.11913762]

>>11910272
Bitcoin has been forked 3 times just in the past year. That's if you don't count the less popular forks like Private, Gold, etc. The whole scarcity, deflationary, store of value meme is dead. The supply is unlimited and inflating exponentially.

[Anonymous No.11913788]

>>11909857

>bitcoin is a static protocol and will be exactly the same with no improvements 10 years from now

All you whiney bitches get off my fucking board REEEEEEEEEE

[Anonymous No.11913838]

>>11913589
No you are fucking retard without a clue as to why Bitcoin even rose in 2017, and why it won't in the future.

I can't wait until all of you kys once your shitty ponzi goes back to sub $1K and stays there forever.

[Anonymous No.11913869]

>>11913762

Fuckin brainlet thread

[Anonymous No.11913887]

>>11913762
>supply of X increases supply of Y

[Anonymous No.11913915]

>>11913389
"everyone" as in people that spend time on social media and forums are playing with mom's payday

[Anonymous No.11913955]

>>11909857
i bought a £3.5k pc with bitcoin last month.

order confirmations for me personally were instant and were actually confirmed in the blockchain 30 minutes later. there is also an immutable ledger showing that i did pay and the company did recieve. we did not have to use a bank or intermediary and i did not have to involve my bank

it was a great experience.

bitcoin will do just fine.

[Anonymous No.11913957]

>>11913838
Could you idiots stop with the "ponzi" bullshit? Crypto is a lot of things, but it's not a ponzi, by any definition of the word. It was a fad, like tulips, or beanie babies.

I'm about as negative about crypto as anyone, but I know what a ponzi is, and why crypto isn't one.

[Anonymous No.11913980]

>>11913955
Great. That computer would cost twice as much this week, because Bitcoin has lost 50% of it's value in 10 days.

Bitcoin is fucked. Buying shit is not a use case for the overall health and longevity of it.

[Anonymous No.11913991]

>>11913887
The money, developers and hash power are literally being split up between all the different forks but sure stick your head in the sand and just pretend that whatever version of bitcoin you like is the only one you delusional cuck

[Anonymous No.11913999]

I'll.buy myself a dick sucking robot if this goes to 200k

[Anonymous No.11914038]

>>11913957
Greater fool theory and ponzi are used interchangeably here but you're right bitcoin is textbook greater fool

[Anonymous No.11914039]

>>11913838
You're so angry and pathetic. Yes, everyone hates you.

[Anonymous No.11914070]

>>11911396
We should definitely listen to someone who posts images like that

[Anonymous No.11914125]

>>11913991
Only coins with the same hashrate could make some idiots gamble with their ASICs on the assorted shitcoins, but long term electricity is electricity, and due Pareto Law the king (Bitcoin) will always tend towards a normalised 80% while forks tend to bankruptcy (see Jihan Wu's massive bcash bags)

No developer worth anything ever left Bitcoin, so those that leave is a feature to improve the overall quality.

[Anonymous No.11914513]

>>11909857
Just because people sold the top, doesn't mean that they're out of the game. Any reasonable person is still monitoring Crypto price action just waiting for the opportunity to jump in at the sight of a bull run.... And they will bring in other people that had still not been in crypto yet.