Nobody is talking about Bitcoin anymore

[Anonymous No.20457706]

I find that strange.

[Anonymous No.20457723]

It's altcoin season

[Anonymous No.20457740]

>>20457706
Because the institutions controls it now and there isn't so much volatility as there was before.
It's almost aligned with the stock market.

[Anonymous No.20457743]

>>20457723
>it’s alt coin season

[Anonymous No.20457748]

>>20457723
this. just wait until (((they))) decide its time and everyone FOMOs in once we past 11K in a month.

[Anonymous No.20457747]

>>20457706
there are only 2 updates a year and it doesnt look like that they will add anything meaningful

[Anonymous No.20457831]

>>20457706
People are busy with the bitcoin of cloud computing

[Anonymous No.20458150]

>>20457723
It's fucking accumulation still boys. That's why. Accumulate til start of August this shit is crabbing til then

[Anonymous No.20458158]

Its no secret why

[Anonymous No.20458163]

why would people talk about this dinosaur coin?

[Anonymous No.20458169]

>>20458150
unironically this. if (((they))) control it, why wouldn't they pump it?

[Anonymous No.20458183]

>>20457740
>It's almost aligned with the stock market.
4 months later you fags are still saying this shit? It's like you have actual brain damage

[Anonymous No.20458216]

>>20457740
>It's almost aligned with the stock market.
Ofc they want you to think that because if its aligned with the stock market why would anyone buy bitcoin when they can just buy stocks. It's not aligned wtih the goddamn stockmarket the whole reason it dumped in march was because of a plustoken scam. remember when corona started picking up speed? bitcoin rocketed to 10k. you have no idea what you are talking about

[Anonymous No.20458240]

Fuck off with your Boomercoin

[Anonymous No.20458454]

>>20457723
the junk rally's been over.

[Anonymous No.20458489]

>>20458216
>plustoken
what meme is this now?

[Anonymous No.20458627]

>>20457706
it's because bitcoin is a dead coin like everyone on /biz/ is saying. this can be confirmed for two reasons:
(1) ALL ANONS on /biz/ are honest, post high-quality and well-thought out content, tell the truth, and want the best for everyone else
(2) IT IS A WELL KNOWN FACT that bitcoin is a scam, a dinosaur, yesterday's news, unused, centralized, and most importantly fundamentally broken. This can be observed on the blockchain and exchanges across the world.
(3) BITCOIN IS USELESS and this is why it is falling in rank on coinmarketcap, and other more promising and useful altcoins (that are far more technically advanced and desirable) are gaining ground and soon will overtake bitcoin.
(4) ALTCOINS are not shitcoins!!! They are legitimate competition to bitcoin - everything other than bitcoin is a threat to bitcoin - ultimately cryptocurrencies cannot live side by side - an altcoin will overtake bitcoin one day!!!

[Anonymous No.20458714]

>>20458627
You posted four reasons

[Anonymous No.20458734]

>>20458169
(((You))) have no {{{intelligence}}}

[Anonymous No.20458743]

>>20457706

unironically bullish

[Anonymous No.20458874]

>>20458627
Finally, someone who's making sense around here

[Anonymous No.20458911]

Not much to say about it really. It exists, largely unchanging, and we all generally understand what it does.

[Anonymous No.20459062]

>>20458714
Yes I did post for reasons hahahaha get it

[Anonymous No.20459119]

I'm sure bitcoin will go up but alts will go up more dramatically. Bitcoin and cash is what I will trade my alts for when I get out of them.

I want a whole bitcoin and 10,000 USD for an index fund. That's my goal.

[Anonymous No.20459145]

>>20457706
Only retards buy Bitcoin in 2020

[Anonymous No.20459147]

>>20459062
no i do not

[Anonymous No.20459162]

>>20459119
yeah I would say this is generally the right idea, you won't find longevity in shitcoins but you sure as hell can find huge and rapid gains

[Anonymous No.20459170]

ETH does what Bitcoin does, and more.

[Anonymous No.20459182]

>>20457706
Bitcoin is just a cool name. Naming/branding is a huge part of human psychology. why do you think all the shitcoin forks call themselves BITCOIN _____

[Anonymous No.20459186]

>>20457706
IT'S CRABBING ETERNALLY

[Anonymous No.20459200]

>>20459170
fuck gas fees tho

[Anonymous No.20459214]

>>20458627
Bitcoin still have the decentralization thiing, like no one dictates it for now and because of small blocksize it's very very decentralized, and has the inflationary thing of 21m that keep coming closer, therefore it will be a rich's man currency like gold.. secure, decentralized, inflationary, rare. I still believe btc will do 100x from then calm down for ever.

[Anonymous No.20459219]

>>20457706
it's too stable for the low-dopamine moonboys to get high off of trading

[Anonymous No.20459235]

>>20457706
We just need more ads in the public.

[Anonymous No.20459247]

Tether pumpinggot it to where it would be at this point in the six year cycle early , so it looks stagnant

[Anonymous No.20459259]

>>20459119
Goverment is very scared of bitcoin yet, that's why they gathered up so many jews programmers to create many cryptocurrency with "advance technology' as possible, to calm bitcoin down, but bitcoin is unstoppable from here, we will see at least a 100x;

[Anonymous No.20459271]

>>20459219
I'm stuck in a futures trade of BTC with a current ROE of -130% and I'm in a limbo where I can't close my position due to margin but it's not low enough to liquidate me
I just want out of this hell man, pump or dump, but do something, it's been 2 fucking months

[Anonymous No.20459286]

i stopped owning bitcoin in 2017 and went all in link since then.

serioulsy link is JUST starting to take off

and i have been a hipster my whole life.

i get on trends early.

bitcoin? YUCK!

[Anonymous No.20459309]

>>20459259
Lol heres hoping

[Anonymous No.20459325]

>>20457706

any of the people who originally believed in bitcoin for what it actually stood for (and not just price goes up xb) have moved on to monero. The problem is that most of these individuals truly believe in privacy, they use a vpn, tor, tails, have javascript turned off, etc meaning they are unable to post on 4chan (you can't actually be truly anonymous on this site). This is why you don't see a lot of monero threads here yet. Biz normies will start waking up to the boomer crypto coin in about a year or so.

[Anonymous No.20459328]

>>20459162

I really don't think Kyber will go down so fast. I can see that gaining speed for decades. Like, it's liquidity that locks in other coins, It seems future proof.

[Anonymous No.20459342]

>>20459162
>but you sure as hell can find huge and rapid gains
and losses too, I should add

>>20459147
You see it was funny because when you posted "You posted four reasons" reading that out loud sounds the same as "You posted for reasons". I said two reasons but then subverted expectation by actually posting four reasons and when you pointed that out I said "for reasons" in my response "Yes I did post for reasons hahahaha get it" instead of "four reasons". The "hahahaha" implied that I had found humor in my self reflection of the post. The "get it" invited the reader to observe the exchange between posts. However, there is further comical value in this, when you further deconstruct the text. This is that I essentially said "I posted it for a reason" which has negative connotations of mischievous behavior. It ties the ensemble of text together and thus the post is funny.

[Anonymous No.20459348]

>>20459286
this post marks the top for chainstink

[Anonymous No.20459364]

>>20458158
You know it

[Anonymous No.20459412]

>>20459325
That's why monero's price is only 67 usd? hahaha
My man of course monero is private but not yet,
Not decentralized there's a owner who's still alive and if the government want they can just kidnapp him and tell him to mess up the code of monero, while bitcoin can not be changed because satoshi nakamoto is missing out.
Bitcoin still have som good advantage on monero and I believe with lighning network it will be trully private. But still monero seems a good option for now on privacy and bitcoin for holding as gold, offline storage etc.

[Anonymous No.20459474]

>>20457706
Fuck bitcoin

Link 1k eoy

[Anonymous No.20459659]

I don't even know what bitcoin does to make it the most expensive alt but it's a lot of money. All I know is crypto is different computer programs and you buy shares of them and own part of the program, kind of like stocks give you a percentage of everything a company has and rights to future earnings or losses as represented by a percentage change in share price. I don't really understand that stuff either but I know computer programs do everything that's important now, stock companies really don't aside from being useful. But as much as I like coke it's just a drink, Coca-Cola doesn't own drinks, just a specific one. There can only be one computer program that is that computer program. I don't know why crypto market cap is so small but that is what fundamental analysis is. You find some thousands of times less in price than its worth and buy that to get gains. /biz/is always talking about chainlink so I bought 50k. In hindsight it was a pretty good idea and it just keeps going up more. If people aren't talking about btc then it must not do very much. I had a couple back when we were talking about it but then I bought more chainlink. I love this place because just by watching what smart people do you get some of the same benefits of being smart. I never would have imagined being my age and having a higher networth than my parents and their parents put together. It's crazy to think about. And considering how much the shock market is worth when they are just companies has we thinking the crypto market is going to blow it away because computer programs are so much more important nowadays. I think it's likely I will be retired in a few years.

[Anonymous No.20459672]

>>20459412
you have no fucking idea how any of this works

[Anonymous No.20459685]

>>20457706
the calm before the storm

[Anonymous No.20459709]

>>20459342
I think you are the only "honest, high quality poster" on /biz/

[Anonymous No.20459720]

>>20457740
>isn't so much volatility as there was before
like compared to 2 months ago?

[Anonymous No.20459725]

>>20459659
nice

[Anonymous No.20459750]

>>20457706
It's been crabbing for a year, what is there to talk about

[Anonymous No.20459755]

>>20459214
what happens when there are no miners left to validate transactions because there is not a reward anymore

[Anonymous No.20459778]

>>20458163
>largest network affect and name recognition
>highest hashrate
>no premine or tax
gee wilikers i have no clue

[Anonymous No.20459791]

>>20459170
Expensive and slow transactions?

[Anonymous No.20459796]

>>20459755
less miners->more profitable per miner
its a self balancing system

[Anonymous No.20459802]

>>20457706
Sorry, dinosaurs are dead. Why would we talk about them?

[Anonymous No.20459819]

>>20459791
60 cents is the median amount right now for the most hard money known to man

[Anonymous No.20459826]

>>20459796
until you run out of rewards. what then?

[Anonymous No.20459832]

Bitcoin is just that thing that governments, banks, and corporations will horde, like gold.

[Anonymous No.20459857]

>>20459826
as long as there are transactions, there will be rewards. if bitcoin does not move at all in 120 years you are still talking about a reward of a couple grand every 10 minutes.

[Anonymous No.20459864]

>>20457706
its a stable coin.

[Anonymous No.20459866]

bitcoin
portugal
blackmarket
legality and access

[Anonymous No.20459892]

>>20459791
transactions fees are paid not charged

[Anonymous No.20459908]

>>20459864
it's called a stealth phase can last up to 6 months or even a year. steady accumulation happens here by smart money. people that dca in to the next round will buy it while weak hands panic sell the dips.

[Anonymous No.20459919]

>>20458627
>centralized
name a less centralized coin

[Anonymous No.20459928]

>>20459857
Yeah until you hit the supply limit. And then? Then it will be a finished blockchain

[Anonymous No.20459968]

>>20459919

[Anonymous No.20459991]

>>20459928
even if you hit the supply limit, transactions will still pull in thousands. assuming bitcoin ever hits ATH again you could be talking tens of thousands
how do people not get this?

[Anonymous No.20459993]

>>20457706
Because its literally hit its natural ceiling and will never have a pump again.

[Anonymous No.20460037]

>>20458627
Based and sarcasm-pilled

>fundamentally broken
While Bitcoin is fundamentally solid wrt decentralization, I wanna argue that the 2017 fees and clogged mempool has shown that blockchain itself is fundamentally incapable of scaling globally.

A 2nd layer is the only correct answer imo, but so far, nothing seems as much of a "eureka lightbulb 100% correct answer" as a 2nd layer as Satoshi's white paper was for decentralized money. Lightning seems the closest, but not close enough.

>>20459342
Based but explaining the joke kinda reduced the basedness.

[Anonymous No.20460070]

nobody gets paid to post about bitcoin because its legit. Someone pays people to post about shitcoins scams

[Anonymous No.20460084]

>>20460070
this is how biz works

[Anonymous No.20460104]

>>20457706
What's strange? That emotionally attached faggots that can't see the forest through the trees are taking a moment to reflect.
God I fucking hate Bitcoin, Bitcoin people too

[Anonymous No.20460126]

>>20460104
explain

[Anonymous No.20460153]

>>20459968
based

[Anonymous No.20460160]

I see bitcoin as being more like gold than a currency. It has value because of it's institutional presence, not because it's the most private or fastest.

Do you really see, say, Dash, replacing Bitcoin as number one?

[Anonymous No.20460190]

>>20460160
correct. its not the fastest or the cheapest but it is extremely robust while providing upside as an investment

[Anonymous No.20460192]

>>20460160
bitcoin is the most trusted tho. 99% of other coins are copy paste and edit one or two things to make it different than bitcoin, the sole purpose was so themselves could mine the early coins first.

shitcoins = copy pasted code coins

[Anonymous No.20460205]

Bitcoin is the crypto that has really "made it". Its has existed since January 3rd 2009. They've tried to outlaw it, attack it, shut it down, steal its brand, fork it, but it just keeps going. An has been going for a long time. Its proven itself as protocol GOLD.

"It doesn't support smart contracts" Not everyone wants to use their wealth in smart contracts. Or even move it around often. They want to lock up their crypto-wealth in something secure. These days you can WRAP bitcoin in ETH and use it on the ether blockchain anyway. So if you still wanted to needed to use it for that purpose you can. Even without trading it off. Development is still underway and features can be added. But the security and not opening up any vulnerabilities for attack is the number one priority and that slows development down.

[Anonymous No.20460243]

>>20460205
this, plus the motherfucker is STABLE
10 minute blocktimes on average now despite parabolic increases in the hash rate
it's also been around for over a fucking decade now, when most of these other coins are babychains of 1-2 years old and haven't been shown to pass any rigorous testing
it's first mover, household name, and when people think "crypto" 95% think of "bitcoin"

[Anonymous No.20460375]

>>20460190
>>20460192
>>20460205
>>20460243

This, I'm out.

[Anonymous No.20460410]

>>20460375
yep, ever since reading about bitcoin in 2013 I've been selling more and more, pity there isn't enough liquidity to sell all my holdings to forever get out of this bitcoin position. bitcoin = shitcoin

[Anonymous No.20460435]

>>20459755
>what happen
>>20459796
this + banks would find a way to participate to keep it going. too much money in it. it's unironically a brilliant system.

[Anonymous No.20460436]

>>20459993
can't tell if ironic or really stupid

[Anonymous No.20460453]

I'm wondering what the new government cryptos will bring to the table. Will the the currency coins find themselves being when the digital dollar and digital yuan and such roll out?

[Anonymous No.20460464]

>>20460037
we'll get there fren. ZEC is unironically a good hedge on BTC, tho. own both.

[Anonymous No.20460487]

>>20460410
nice larp, poorfag.

[Anonymous No.20460508]

>>20460453
government crypto has a use case, its just not the same use cash as a decentralized crypto
it would probably be pegged, easily attacked, and susceptible to censorship but it would be faster than wire transfers

[Anonymous No.20460533]

>>20460410
>isn't enough liquidity
bruh

[Anonymous No.20460628]

>>20459991
It's literally the perfect algorithm.
They'll never get it. They focus too much on price movement. Literal hash race is happening world wide. Miners adjusting equipment. Shitcoins will rise too. But in the end there will be one. That's what I can't understand they don't get. Scarcity.

[Anonymous No.20460767]

>>20460464
>zec
>a hedge to btc
what kind of retard thinks that?

[Anonymous No.20461015]

>>20460508

Right, but what I'm thinking is it will btfo coins like Dash where speed is their selling point, leaving Monero and Bitcoin still standing. Bitcoin will stay like gold and Monero will be needed to keep the government from knowing everything you purchase if society goes paper-less.

[Anonymous No.20461061]

>>20460436
Facts are not ironic.

[Anonymous No.20461065]

>>20458158

[Anonymous No.20461246]

>>20461015
Correct. Bitcoin cannot be replaced by a government coin. 99% of shitcoin are though

[Anonymous No.20461282]

Bitcoin 2.0

[Anonymous No.20461527]

>>20460037

Why don't we just tokenize BTC on the ETH blockchain, voila scaling problem fixed

[Anonymous No.20461530]

>>20457747
are you a fudder? BTC doesnt moon because of tech updates, it moons solely because of tokenomics

[Anonymous No.20461697]

>>20457747
It's literally a finished product lol these fags

[Anonymous No.20461699]

Boomer coin (Jk I own 40% BTC)

You just have to be more patient with the geezer. It’s not gonna go on 100x runs like it used to. These other coins still can, that’s why they get talked about. But ultimately the market rises and falls with bitcoin. It will be a major draw in the upcoming bull run

[Anonymous No.20461719]

>>20457706
Everyone and their mom already knows about bitcoin. No amount of memes (stock to flow, halving) will ever get this piece of shit to pump ever again. It's over. Altcoin season is here (DeFi)

[Anonymous No.20461730]

>>20461719
>Altcoin season will never end!!!!!1
Baby's first crypto market cycle

[Anonymous No.20461815]

I got Litecoin that I'm planning to trade for Dai when the next bullrun happens. It's on Robbinhood so I know the normalfags will pump it to the moon briefly. And then when the bullrun is over I will trade the Dai for bitcoin.

[Anonymous No.20461816]

I bought BZRX early and realized nothing could hold me back from being what I wanted

[Anonymous No.20461858]

>>20459778
>largest network affect and name recognition
>highest hashrate
both attributed to being the first major coin in the space
how many years since bitcoin was created?

you guys are obsessing about what is essentially the turing machine of crypto
bitcoin was revolutionary, absolutely. but its also fucking old and unable to deal with what crypto is evolving into. stop clinging to the past. embrace the future

[Anonymous No.20461940]

>>20457706
would you rather buy an AR-15 or a musket? anyone buying bitcoin in 2020 is retarded.

[Anonymous No.20461986]

>>20461858

What your not getting is that Bitcoin is so established that putting money into Bitcoin compared to other stuff is like putting money into a savings account, whereas buying alts is like buying stocks. Bitcoin isn't for buying and selling stuff on a daily basis, it's like stuffing money under your mattress and betting against fiat money on the long term. Less risk but less reward. If anything topples Bitcoin as #1 it will rapidly collapse but nobody is nearly close to it..

Bitcoin is what gives the "better" currencies their strength.

[Anonymous No.20461998]

>>20457706
>dinocoins
you had your run old man, all you have left is brand recognition.

[Anonymous No.20462053]

>>20461998
>>20461998
I like this term dinocoins I will steal it.

[Anonymous No.20462057]

Out with the old, in with the new
See blockbuster/netflix

[Anonymous No.20462122]

>>20459259

[Anonymous No.20462344]

It being a "dinocoin" is what gives the "brand recognition" power.

Bitcoin is like an alligator, or shark. The design is so perfect at what it does that it doesn't get changed or die out.

Other utility tokens can't say the same. Utility tokens are for the utility they're designed for first. Not an exchange of value OR a store of value.

[Anonymous No.20462355]

>>20459186
Not such a bad thing if there's rampant inflation.

[Anonymous No.20462362]

>>20457706
Because we're all talking about the bitcoin of cloud computing now.

[Anonymous No.20462363]

>>20457706
It's not decentralized and slow as fuck

[Anonymous No.20462433]

>>20462355
Deflation. You know what I mean. Jeeze I need more coffee.

[Anonymous No.20462456]

>>20460070
/thread