/biz/ - Business & Finance

[Anonymous No.13400389]

anyone bullish longterm? this thing cant lose either way. if btc goes bull fees will spike to 100$ again so people will switch to bch

[Anonymous No.13400405]

no, so far it only lost ratio longterm

[Anonymous No.13400411]

>>13400405
it pulled a 3x since december

[Anonymous No.13400412]

>>13400389
fundamentals are bullish, but there is a lot of competition

[Anonymous No.13400419]

>>13400405
I'm way up since I bought at 0.061 after the fork. You're forgetting we doubled our stack by selling BSV.
Also 3x since the end of last year

[Anonymous [O1G] No.13400446]

>>13400389
nobody will switch to bch because of fees
you dont get it do you?

[Anonymous No.13400453]

>>13400446
switch
what do you mean "switch"
literally nobody is using BTC

[Anonymous No.13400459]

I will buy bcash when I see progress on their lightning network.

[Anonymous No.13400462]

>>13400412

This.

I hate btc forks, Ver is fag etc...

But they made some real and intresting technical improvements, even vitalik sad it lol.....

[Anonymous [O1G] No.13400479]

>>13400453
keep on deraming btc has 70k nodes by last count and proportional spv wallets around 4 million users if you count exchanges too compared to the 2000 cashies amd 500 curry cashies

[Anonymous No.13400487]

>>13400479
on the exchanges you buy alts
BTC is effectively a reserve currency for now
no use outside of that

[Anonymous [O1G] No.13400525]

>>13400487
again we will see when lightning makes retail possible what real use it gets but for now wallet and node count is the best metric along with trade volume

[Anonymous No.13400528]

>>13400525
LN does not work you fag
it is bait for suckers to hang on to

[Anonymous No.13401175]

>>13400389
I just bought back in.
3rd spot belongs to BCH, not XRP.

[Anonymous No.13401185]

Anyone bullish on BCH, outside of riding another pump and dump, is a retard or shill. Its a centralized shitcoin. None of BCH's most shilled features even work without centralized services. The whole 0 conf instant transactions for point of sale transactions doesn't work without bitpay. It relies on some centralized service like bitpay or coinbase to protect from double spend. On its own BCH is just Bitcoin copy and pasted with a bigger block size, which Bitcoin could just increase its block size at any time. BCH has no value as a cryptocurrency since it requires paypal type services to even use like they claim it can be used.

That said, retarded shit pumps and dumps all the time, crypto is filled with dump money to buy retarded dead forks like BCH. Even confido had a big pump like 6 months after it died.

[Anonymous No.13401193]

>>13400389
Yes , but only if their next hard fork goes well.

If that is the case expect it to go higher in percentage than btc during the bullrun.

Remember that it´s halving happens near the one of btc.

[Anonymous [O1G] No.13401200]

>>13400528
>LN does not work you fag
you don't fucking know that tho, because it takes time for the network to take it's natural shape and build up liquidity. the biggest issue right fucking now is that no shop no supermarket lets you pay with bitcoin ln. so we can't even see how practical it is. all payments right now are just tests and dicking around.

[Anonymous No.13401203]

>>13400446
I already did for everyday transactions , at least i did since i have to pay to a provider in bitpay and bch is used too by bitpay.

While you got a point it´s not a question of wanting to switch.
The switch is forced by fees , if there are 50usd tx fees anyone with less than 50 usd ends up being stuck.

It´s as if your coins are being eated by something similar to inflation.

[Anonymous [O1G] No.13401211]

>>13401203
>everyday transactions
what everyday transactions man bch is even less accepted than btc and btc is not accepted anywhere.

[Anonymous No.13401228]

>>13401211
Bitpay does accept it , that was enough in my case and they still remain the number one provider of btc transactions processing.

And don´t come to me with that bullshit of payment processors being retarded.
Merchants want their coins inmediately changed to usd and bitpay does that.

For me it´s btc and bch , and if veriblock niggers keep spaming the network it´s bch for me.

I can´t risk a transaction stuck 6 days as it happened to me two weeks ago.

>btc is not accepted anywhere.

It´s literally in every grey market , also there are debit cards that are crypto fundable.

[Anonymous No.13401238]

>>13401228
>And don´t come to me with that bullshit
>Merchants want their coins inmediately changed to usd
hey retard, how is that bullish for BTC

[Anonymous [O1G] No.13401239]

>>13401228
>Merchants want their coins inmediately changed to usd and bitpay does that.
yeah that's a a huge problem with btc, for accounting reasons and volatility risk, i have always wondered if it will be possible one day for vendors to accept and keep btc using futures for hedging against volatility or have a bitcoin bank do it for them automatically.

[Anonymous [O1G] No.13401246]

>>13401228
>It´s literally in every grey market , also there are debit cards that are crypto fundable.
exactly my point, i will see adoption when i can walk into a mall/market and purchase with my btc without trusted intermediaries.

[Anonymous No.13401262]

>>13401238
It´s bullish because that conversion is done in exchanges bitpay inmediately does a sell order on an exchange and what happens then?
Someone buys a coin and the cycle repeats only that after each halving the same dollar purchase is done with less btc yet that creates a constant influx of fiat.
So that´s why it´s bullish for bitcoin brainlet.

>>13401239
It won´t be possible , companies like bitapy are needed in order to be stable enough to be able to be used independantly you would need.

1_More liquidity for 10billion people when it´s finally mined a century later.

2_At least paypal capability of transactions to prevent things like veriblock fucking stability.

As it goes with the budget of air acconditioning that the us army spent in bases overseas the us government could spam btc for decades.

bch and litecoin are way way more harder to spam to death.

But then again a spam attack would be good for the price longterm but with btc it would be so easy to spam that it could be done for decades with little money.

[Anonymous No.13401271]

>>13401262
shit is about to crash so bad

[Anonymous No.13401285]

>>13401271
No it won´t btc is going to moon massively even if it fails as a currency it will remain as the gold standard for the true crypto and as a paralel sepa/swift system.

The question is what crypto will replace it for purchases , in my opinion it will be bch or litecoin , who knows.

[Anonymous [O1G] No.13401341]

>>13401262
>It won´t be possible
that's in the cards i still have hope, fuck these paypal and visa clones boomer tech all the way!

[Anonymous No.13401520]

>>13401341
only after passing the phase of payment processors , otherwise you would never have enough monetary movement to reach the level of stability needed.

[Anonymous No.13401525]

>>13400389
i just used it to buy a new motherboard but otherwise would never touch it
bsv will win

[Anonymous [O1G] No.13401567]

>>13401520
sure temporarily okay i guess but if we gonna trust 3rd parties with our payments and money we can just forget about crypto there are better ways to do it with boomer tech.

[Anonymous No.13401577]

>>13400389
Anyone who is still a BCH supporter after the BSV fork is a literal NPC. BCH is no longer Bitcoin, no longer being shilled as Bitcoin, and is run by incompetent marketers and technocrats.

BSV is Bitcoin now, you've been left behind.

[Anonymous No.13401578]

>>13400389
>switch to bch
how deep into the reddit bcash brainwash cult do you haveto be to think that anybody will use bcash when 'switching' away from BTC?

[Anonymous No.13401586]

>>13401185
RRRRRRREEEEEEEEEEEEE i don't like this... rrreeeeeeeeeeeeeReerreeeeeERREEEEEEEEEEEEEEE

[Anonymous No.13401587]

>>13401567
There are not better ways when it comes to INTERNATIONAL transactions you can literally buy houses or massive yatchs with bitcoin.

People are not going to use it for the supermarket , they are going to use it tough as a replacement for wires , that´s were the crypto market is.

It´s not a temporarily thing it´s a permanent thing the niche of crypto is international wires , people like freelancers would preffer crypto to boomertech.

The problem is that crypto was a mix of libertarian autist with crypto autist.

Every other crypto except btc and bch is made of only one of the two groups.
Only btc and slowly bch mix both groups and that is needed for a currency.

The tech autist would fork this shit so much that the forking would be the new inflation.
Libertarian autist would not fork it never until it ends up bottlenecking.

bch is the only crypto i am seeing trying to gain strenght in both sides.

[Anonymous No.13401614]

>>13401578
it already started ,bcash gained strenght when btc bottlenecked due to veriblock.

Bottlenecking is needed to force segwit adoption and raising btc capacity from 420k to 820k.
Every bottleneck will move people to bch as the halving aproaches.

Both coins will survive tough.

[Anonymous [O1G] No.13401629]

>>13401587
>There are not better ways when it comes to INTERNATIONAL transactions
of course there are, we could have free international transactions with existing tech. that a few groups completely captured the legal framework and did a vendor lock-in is completely solvable within a day by legislation.

[Anonymous [O1G] No.13401658]

>>13401587
>bch is the only crypto i am seeing trying to gain strenght in both sides.
bch is shit man, they broke consensus and then they broke it again. and will keep on doing this until oblivion. also most cashies except for a select few are utter retards that don't understand bitcoin fundamentally.

wires are easy at that point confirmation times are not even an issue. the way i see it we already solved that. retail is the big thing. not online retail but irl grab and run retail. that's where lightning can go boom bigtime. but i'm not so sure now that 0conf can't be made to work as i was a year ago.

[Anonymous No.13401670]

>>13401614
nothing has started mongloid. also, why do cashie cultists use reddit tier trash memes when you cometo this board? is this really your best attempt?

[Anonymous No.13401762]

>>13401629
No there can´t be it´s not a technological issue anon , paypal was literally illegal , when musk , thiel and it´s founders realized they were fucked up they decided to not ask lawyers and play as retards to be safe.

KYC rules and capital controls make that impossible , with banks money can be frozen untl you prove you are not pablo escobar 2.0 and wires take weeks sometimes.

Any good solution will be attacked by local judicial systems automatically.

>>13401658
>bch is shit man, they broke consensus and then they broke it again. and will keep on doing this until oblivion. also most cashies except for a select few are utter retards that don't understand bitcoin fundamentally.

This is why i said in one of the posts above if the next fork goes well.
If they stop forking after it for a few years then bch will be king.

>wires are easy at that point confirmation times are not even an issue. the way i see it we already solved that.

Try doing international wires and not from inside the eu with sepa.
Purely international wires from two countries.

If you don´t work for an employer or are not a company ods are it´s impossible for do to do it.
And if you can you will be raped in fees and take weeks.

>that's where lightning can go boom bigtime.

No it can´t with veriblock spaming you still need to open a channel and it can take weeks if we reach the 420k tx per day limit and worse way fucking worse is that if the channel closes for any reason then the fees to get your coins back are automatically problem is that with the blockchain bottlenecked that will keep increasing causing a total collapse of lighting as channels get clossed as fees rise.

Until the blockchain limit is not increased we are in trouble , that said lighting is a good idea , just that building it over a shit ground is not good.

[Anonymous No.13401770]

>>13401670
I am not a cashie i literally bough bch for the first time two weeks ago when veriblock niggers bottlenecked one of my tx for 6 days.

The transaction on bch was instantly and went with 0 fees.
I am not going to use btc until it´s fixed i will only buy btc for investment pre halving and after it.

But for every week payments that i do it´s bch now since bitpay accepts it too.

[Anonymous [O1G] No.13401790]

>>13401762
>it´s not a technological issue
that is what i was saying we have the infrastructure and tech to make international wires blinking fast and free. all that is missing is will.
>If they stop forking after it for a few years then bch will be king
unlikely just as litecoin will not be the king ever.
>Try doing international wires and not from inside the eu with sepa.
i meant with crypto any fucking crypto can do that. but yeah you can also do that with boomer tech obviously.

[Anonymous No.13401792]

It'll moon once a coin shuffle is released for mobile wallets. There's just no way you could do that on BTC, so it'll be an order of magnitude more private than that scam.

[Anonymous [O1G] No.13401837]

>>13401762
>No it can´t with veriblock spaming you still need to open a channel and it can take weeks
i don't have issues with btc getting congested short term. first of all if would raise the tx cost to spammers greatly and they need to keep it up or lose the security and open up to reorgs this will bleed them out of their ass. it's also a strong signal for the core devs that mempool congestion in drastical measures is not as cool as they thought it is. btc will only come out of this stronger. komodo also does this shit but doesn1t look like they are harming btc much. veriblock may be doing something very wrong and expensive.

[Anonymous No.13401849]

>>13401770
>I am not going to use btc until it´s fixed
It'll never be fixed because by the time they manage to complete the LN and onboard every BTC user on it something else will replace BTC and be even better.

[Anonymous [O1G] No.13401867]

>>13401849
it's not hard to make a coin that seems better than btc on paper.
it's impossible to beat btc right now tho in everything it does. eth could do it over time if it can stay alive long enough. bch maybe it would take decades and some very imbecilic moves from core devs miners and exchanges altogether. other coins need not apply.

[Anonymous No.13401878]

>>13401867
KYS faggot
even XRP would do a better BTC job

[Anonymous No.13401881]

>>13400411
BCH is a 3x since december after a 20x drop. Maths means you are still down a 17x.

[Anonymous No.13401888]

>>13401867
>it's impossible to beat btc right now tho in everything it does.
What does BTC do better than BCH?

>>13401867
>bch maybe it would take decades
You are in the wrong profession or just a dumb clueless boomer with too much money if you think crypto will stay the same in a few decades with BTC #1 and BCH #4.

[Anonymous [O1G] No.13401891]

>>13401878
no because crypto is not just about making lots off transactions cheap and fast. if you want that relational sql databases and simple public key cryptography (optional really) with a trusted transaction ordering service is all you need. we could scale to billion tx per sec and we could do it today.

[Anonymous No.13401897]

>>13401790
It´s a political issue, most countries would sue the shit of whoever allows easy transactions thus btc was born.

>>13401837
Only way to raise the fees is by raising the capacity and that´s what bch get´s right.

BTC can do 420k tx per day , thats 153M transactions per year this means that for 7 billions per year you can get tx fees constantly at 50usd.

That makes anyone that has less than 50usd in btc loose that money since they can´t move it.

The us gov spent 22 billions in air aconditioning in afghanistan per year.

That´s 3 years of spaming at 50 usd fees.

Only way to prevent that is by raising the capability.

>>13401849
Yes that´s probably what will happen and btc will become the gold standard of crypto a kind of reserve crypto.

[Anonymous No.13401901]

>>13401185
Too many people here are paranoid schizos or shill fags. They'll never let go of it

[Anonymous No.13401902]

>>13401881
it was a 20x drop but it was such a predictable drop anyone with a brain made at least 300% with BCH.

[Anonymous [O1G] No.13401907]

>>13401888
>What does BTC do better than BCH?
same as always: it is the only one trustless permissionless publicly audited ledger that is secure.
>if you think crypto will stay the same in a few decades
not sure about few, but for the next decade nothing can challenge btc dominance in actual. market cap is very misleading in case of most shitcoins it's a mirage only for blue chip does it mean anything maybe.

[Anonymous No.13401911]

>>13400389
> Has less than half the daily volume of fucking Litecoin
> It's the real bitcoin desu!
The ongoing deluded state of Cashies.

[Anonymous No.13401915]

this tread is getting very Jewsih

[Anonymous No.13401930]

>>13401897
>Yes that´s probably what will happen and btc will become the gold standard of crypto a kind of reserve crypto.
That's wishful thinking. It's not like BTC has some physical property like gold, it doesn't preserve value naturally. Eventually BTC will die and be replaced by something which have actual use cases, like ETH or BCH.

[Anonymous [O1G] No.13401934]

>>13401897
>most countries would sue the shit of whoever allows easy transactions thus btc was born.
i never said a little pitchfork action might not be needed. i said technologically if all you want is better wires you don't need crypto. you just have to start protesting wire times and fees and demonstrate how it hurts the entire economy for the benefit of a few rich fucks.
>That makes anyone that has less than 50usd in btc loose that money since they can´t move it.
things that will never happen
for a few days we can see $50 tx fees sure, won't stay there. if you look at mempool size there are spikes but overall manageable even with the 1mb block size.

[Anonymous No.13401939]

>>13401930
I doubt having volume is the hardest part , btc still remains the gate to crypto because localbitcoins and exchanges having it.

That´s the hardest thing to get and btc will remain until another crypto comes along.

It will cohexist with the second crypto that´s for sure unless quantum computers fuck it up and not the second crypto.

[Anonymous [O1G] No.13401947]

>>13401930
>It's not like BTC has some physical property like gold, it doesn't preserve value naturally.
exactly this is why i always say cashies don't get bitcoin at all. because they don't understand the wide meaning of consensus.

[Anonymous No.13401948]

>>13401934
>for a few days we can see $50 tx fees sure, won't stay there. if you look at mempool size there are spikes but overall manageable even with the 1mb block size.

Check fees for december 2017 the bottleneck caused the collapse.

[Anonymous No.13401951]

>>13401907
>same as always: it is the only one trustless permissionless publicly audited ledger that is secure.
Omg, you're that retarded. What if people will only invest more and more in alt coins? Who'll secure the blockchain then?! Without an actual use case BTC will lose more and more market share until it stagnates, and in crypto PEOPLE ONLY BUY INTO GAINS. It's game over for that little scam.

[Anonymous No.13401963]

>>13401911
Liar!
https://bitinfocharts.com/comparison/transactions-ltc-bch-xmr-zec-dash.html#3m

[Anonymous No.13401980]

>>13401939
>btc still remains the gate to crypto because localbitcoins and exchanges having it.
localbitcoins is a scam, it's implemented completely wrong. Compare it with localethereum which is truly non-custodial.

>>13401947
>exactly this is why i always say cashies don't get bitcoin at all.
If you were in BTC from the very early years you'd know the only reason it took off was because it was ACTUALLY USED AS MONEY in DNM's.

[Anonymous No.13401997]

>>13401980
I was never scamed on localbtc you may not like but i never was.
Regarding ethereum , it has less adoption than btc for payments.

Seriously it all comes down into the payment processors nobody gives a dam about descentralized contracts it´s all about payments.

[Anonymous [O1G] No.13402012]

>>13401980
>If you were in BTC from the very early years you'd know the only reason it took off was because it was ACTUALLY USED AS MONEY in DNM's.
not how i remember it. it actually took off in localized financial crisises when people tried to run with their wealth but they couldn't even cash out from their bank accounts nor could they run with their assets on their backs.

bitcoin first and foremost lets you take total control of your wealth and finances. buying m&ms in the corner store is just a huge plus if it works. you can use fucking alts you can even use fucking dai (or successor) for your micropayments (no need to exchange it on the spot as it will track usd closely). but you can't replace bitcoin out of the blue with some upstart newcomer. not how this shit works.

[Anonymous [O1G] No.13402021]

>>13401997
>I was never scamed on localbtc
i still have some stuck btc on it because they display the withdraw limit inaccurately and have an insane fee for withdrawals. fuck localbitcoins! they owe me a beer.

[Anonymous No.13402076]

>>13401963
> He doesn't understand daily volume isn't the number of transactions.
We already know Jihan is the master of spamming the BTC mempool with single digit sat micro transactions, he's doing the same here to legitimize his coin. This is Craig Wright BSV tier shit.

[Anonymous No.13402481]

>>13402076
BTC "hodlers" will believe any conspiracy theory before admitting their coin is a useless scam.