/biz/ - Business & Finance

[Anonymous No.21536374]

Support level barely holding.. one more push by BTC and its over.

[Anonymous No.21537235]

>>21536374
What does Btc have to do with it if price is people selling and people buying at certain prices?
Why is everything tied to Btc?

[Anonymous No.21537346]

>>21537235
>Why is everything tied to Btc
Because BTC is the first and the King and, on a long-enough time scale, will always be the strongest performing asset. Proof of Work is not a meme.

[Anonymous No.21537557]

>>21537346
But Btc is a shitcoin that failed to be p2p cash.
Its slow and volatile. What the fuck?

[Anonymous No.21537654]

>>21537557
It doesn't matter. It's like investing in art. People will always want to own BTC. Simultaneously, the ever-increasing cost of mining ensures that the price will always increase, because the network will never shut down, because people will always want to own BTC.

[Anonymous No.21537784]

>>21537654
This is madness

[Anonymous No.21537805]

>>21537784
It's a new way of thinking.

[Anonymous No.21537855]

>>21537784
It's like how all currencies always fall back on gold, bitcoin is to other crypto currencies as gold is to fiat currencies.

[Anonymous No.21537863]

>>21537654
BTC will be knocked out of the top 5 by 2024. Nice labor theory of value there (people put a lot of money into mining it, therefore it is worth something). When people start making money with proof of stake protocols they won't care about holding BTC. keep your "art".

[Anonymous No.21537904]

>>21537805
>here’s some shitty opinion I read on bitcoin twitter
>new way of thinking

[Anonymous No.21537947]

>>21537855
Heres the analogy you should think of - what is Golds market cap, and what is all other assets (stocks/bonds/real estate, etc) market caps? It's fine having gold as a hedge, but it aint gonna make you rich.

[Anonymous No.21538136]

>>21537863
Proof of stake has its role to play, it's important for bringing enterprises into crypto. Consider PoS and PoW two different sides to crypto - PoW is the center of value of the ecosystem, PoS is the utility side.
You can say art collecting is bullshit but precious works of art still only gain value. Similarly, hold is heavily overvalued relative to its industrial use. It doesn't matter, value is ascribed to it.

Market cap won't be a thing down the line because the dollar won't exist. BTC/sats will be used to value all other assets.

[Anonymous No.21538165]

To be fair, you have to have a very high IQ to understand how Chainlink works. Its superiority is only hinted very subtle, and without a solid dose of advanced autism most of the Lambos will go over a typical investors head. There's also Sergey Nazarova very nihilistic outlook, which is deftly woven into his characterisation- his personal philosophy draws heavily from /biz/ shitposting.
The real frens understand this stuff; they have the intellectual capacity to truly appreciate the depths of this coin, to realize that it’s not just funny- it says something deep about society.
As a consequence people who don’t trust Chainlink truly ARE idiots- of course they wouldn't appreciate, for instance, the genius in Nazarov iconic catchphrase "Get in here faggot, we’re gonna save the blockchain," which itself is a cryptic reference the Russian epic 'Crime and Punishment' or the struggle of life itself.

[Anonymous No.21538221]

>>21537904
No, this is my own line of thinking, but I wouldn't be surprised if maybe other people have the same idea.

[Anonymous No.21538316]

>>21537346
>not a meme
It really is. What do you think brainlet, people are going to dismantle the solar system & create a Dyson sphere to mine as it consumes exponentially greater & greater power levels? Proof of Stake is inevitable.

[Anonymous No.21538410]

>>21537654
For what purpose to say I own bitcoin computer code shit is not worth $1

[Anonymous No.21538445]

>>21538316
> people are going to dismantle the solar system & create a Dyson sphere to mine as it consumes exponentially greater & greater power levels
If humanity survives that long, then yes. Bitcoin is the perfect economic tool to push humanity towards rapid development of advanced energy technology.

[Anonymous No.21538451]

>>21538136
Precious works of art only gain value because they're useful for money laundering. While that's certainly also true of Bitcoin, there's still nothing that it dies that other things don't do better. It's only use case seems to be "mine it, wrap it & stake it in a smart contract to act as collateral for backing DAI or pooled lending". Which again - valid enough use case, but nothing that can't be done by other things.

[Anonymous No.21538490]

>>21537784
No you're just a newfag who doesn't understand blockchain.

[Anonymous No.21538494]

>>21538445
That's an incredibly bad use of energy when you could just use a Pos system instead.

[Anonymous No.21538495]

>>21538410
It's not about telling other people you own Bitcoin. It's about satisfying your own pride.

[Anonymous No.21538610]

>>21538451
Just because it can be done with other things doesn't mean it will. BTC has first mover advantage as the standard crypto store of value.

[Anonymous No.21538665]

>>21538494
It's the inefficient use of energy that makes it so valuable, the network cannot stand unless the price increases to fund miners. But the network won't die because it is so well-established.

[Anonymous No.21538702]

>>21537235
Reminder to oldfags that these are the people shouting NEVER SELLING and not taking profits right now.

There's a 90% chance most of them don't even have a triple digit stack

[Anonymous No.21538967]

>>21538702
Not selling. Really, why would I bother? 4 digit stack & most of it bought ages ago. I have enough Bitcoin already anyway.

>>21538665
>well established
Nothing some regulation wouldn't stop. Which is very likely as it continues to demand more & more.

[Anonymous No.21539029]

>>21538967
How will they stop people from mining Bitcoin?

[Anonymous No.21539108]

>>21537654
Based

[Anonymous No.21539324]

>>21538702
still not selling

[Anonymous No.21539355]

>>21538702
Yeah, no thanks. Not fucking selling.

[Anonymous No.21539400]

>>21537784
THIS. IS. SPARTA!!!

[Anonymous No.21539433]

>>21537784
>muh shitcoin du jour should be the store of value guys!1!!

[Anonymous No.21539462]

>>21538165
based

[Anonymous No.21539483]

>>21538490
t. Oldfag from reddit came to biz one month ago when LINK started pumping

Truth is it’s all scam shit manipulated by exchanges. The rest is cope

[Anonymous No.21539788]

>>21537235
You still don't know how to play this game, do you?
Whales are moving large amounts of money between BTC, ETH and LINK which is why they almost never move in the same direction together.

When BTC does literally anything, Link will dump.
When BTC crabs, Link suddenly snaps back up like a rubber band.
Rinse and repeat.

[Anonymous No.21539990]

>>21537654
>the ever-increasing cost of mining ensures that the price will always increase

jfc you really don't understand bitcoin - let alone basic supply and demand - at all, do you?

[Anonymous No.21540051]

>>21537235

daily reminder this is the state of newfags being scammed by this shitcoin

[Anonymous No.21540107]

>>21538316

>proof of stake is inevitable

first day?

[Anonymous No.21540180]

>>21539355
>>21539324

imagine being this deluded and scammed that you believe a fundraising token that literally doesn't do anything and has no hope of ever doing anything should be held instead of sold for BTC when it's up 10,000%

[Anonymous No.21540234]

>>21540180
still not selling

[Anonymous No.21540242]

100 dollars eoy

[Anonymous No.21540353]

>>21538967
>Nothing some regulation wouldn't stop. Which is very likely as it continues to demand more & more.
Regulation would just increase the cost of mining, which would increase the BTC price.
Checkmate, fed. kys

[Anonymous No.21540366]

>>21540234

have fun riding it to $0 lmfao

[Anonymous No.21540402]

>>21537235
retard newfags I swear to the Lord above

[Anonymous No.21540409]

>>21540366
Anon, I...

[Anonymous No.21540459]

>>21540409

You're a fucking moron.

[Anonymous No.21540466]

>>21540180
Stinkies have solved the Oracle problem, they'll be worth more than btc in 2021

[Anonymous No.21540531]

>>21537805
It’s not, it’s what’s known as a “bubble”

Bitcoin=tulip

[Anonymous No.21540535]

>>21537235
Bullshit, the fiat price to btc ratio is if at all only marginally influenced by alt coin to btc cash outs. Price finding of btc is through fiat offers and sellings. Moving from alt coin to btc would if at all have a little effect on market liquidity if the exchanged coins but no pricing effect. Btc is rising because massive boomer funding incoming.

[Anonymous No.21540619]

>>21540409
What a low iq post

[Anonymous No.21540900]

>>21540531
There are still tulip markets. It's just that 1 tulip isn't worth 20k. There will still be a market for BTC in 5 year's. Maybe not Link tho.

[Anonymous No.21541144]

>>21538165
>To be fair, you have to have a very high IQ to understand how Chainlink works.

And this is why it's going to be so funny when these faggots find out how markets work the hard way.

[Anonymous No.21541183]

>There isn’t a formal partnership or any kind of agreement in place,” said Daniel Gabis, a Google spokesman.

Oh no no no marines

[Anonymous No.21541384]

>>21540366
not selling

[Anonymous No.21541618]

>>21538165
Based and truth pilled

[Anonymous No.21541686]

>>21540180
Lmfao not selling don’t care

[Anonymous No.21541722]

>>21538451
It survives for 10 years without 51% attacks better than any other coin so far. For people with money, this is a big deal. For people screaming zoom zoom and going all the fuckin way in with their milk money, not so much.

[Anonymous No.21542009]

>>21537557
No it fucking isn’t you pathetic nub, did creg tell you that or what?

[Anonymous No.21542310]

Listen, shitcoiners. To me you're nothin' but dogshit, you understand? And a lot of things can happen to dogshit. It can be scraped up with a shovel off the ground. It can dry up and blow away in the wind. Or it can be stepped on and squashed. So take my advice and be careful where the dog shits ya.

[Anonymous No.21542345]

>>21537863
PoS is for trustless computing, PoW for trustless SoV. A PoS platform such as ETH 2.0 relies on the existence of PoW SoV network to give it value to make computations about. Make no mistake, no other coin will take BTC’s role as the SoV of the Internet, even if they should surpass BTC in market cap some day. Say 1 ETH > 1 BTC. If you think that makes ETH suitable for the SoV use case, you don’t understand the crypto space.
All you kids racking on BTC as a boomercoin do is out yourselves as nubs, repeating the failed fud of a brainlet scam artist with a broken BTC clone. It’s very sad to see.

[Anonymous No.21542523]

>>21539483
Whats cope is boomers claiming its all going to crash to 0 for the last decade.

[Anonymous No.21543041]

whaaaaaaaaa