[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 76 KB, 960x640, 960x0.jpg [View same] [iqdb] [saucenao] [google]
22069817 No.22069817 [Reply] [Original]

How many BTC maximalists are there on /biz/? I've made money with DeFi tokens and other random shit but they don't seem like good 'investments' because some nerd is always improving upon them and coming up with something better.

>> No.22070214

>>22069817
The defi trend is existing whales playing games on eth. When the next wave of new money comes in it will go into bitcoin, Normies love brand names. Eth and defi May run for a while yet but btc will start pulling ahead big time at some point. You will have to know when to jump back into btc.

>> No.22070448
File: 24 KB, 1169x567, 65DD4FAD-E04B-4AA2-B685-6B4859C3B7B9.png [View same] [iqdb] [saucenao] [google]
22070448

Sitting comfy on 9 BTC now. Been stacking sats all of 2019-20 for a total of about 5 BTC. Discovered STA as it released V3 about 3 weeks ago, went in .1 BTC worth at .005, cashed it all out for 4 BTC when it hit 22 cents.

Thinking to just buy 100 ETH with it and coming back in February

>> No.22070452

I'm a "maxi" in the sense I only want to store my wealth into bitcoin.
I will hold bitcoin, but I will happily trade all these bullshit tokens.
I also hold ETH and some other tokens that I think will generate value (LINK/RLC) but ultimately my goal is to sell it back into BTC.
This defi shit can't go on forever, but eth miners are making a killing right now so why slow down the train?

>> No.22070980

>>22070452
>eth miners are making a killing right now so why slow down the train?

what do you mean by this fren? i don't think higher gas fees usually means higher ether price in USD or relative to BTC but i could be wrong. what am i missing?

>> No.22071011

>>22070214
>The defi trend is existing whales playing games on eth

can you expand on this fren

>>22070448

nice stack friend

>> No.22071183
File: 78 KB, 500x701, 1595863791842.jpg [View same] [iqdb] [saucenao] [google]
22071183

>>22070448

absolute chad.

>>22069817

BTC, ETH, and XMR are the holy trinity, because they each solve a unique usecase (digital gold, digital oil, digital cash) and have the biggest networks in their respective fields. With sufficient capital, you will make it with almost any allocation of those three. To be safest you should be heavily weighted towards BTC though.

>> No.22071269

>>22070980
the miners get paid in gas, right now the free market is demanding fast transactions so they need to pay more in gas

>> No.22071449

>>22069817
I’m a maximalist but in the mean time i’m making bank with Defi. Still hold 80% BTC though.

>> No.22071476

>>22071183
200 IQ

>> No.22071560

>>22071183

Aren't their nerds working to do what Eth does (smart contracts) and add XMR features (anonymity) to the BTC network?

>> No.22071854

>>22071560

From what I hear, to a limited extent. I wouldn't hold your breath. The core of BTC isn't going to change at this point, so everything kind of has to be tacked on. Bitcoin has a hard enough time simply scaling; I don't see it becoming a decentralized world computer or true fungible digital cash.

But even functioning only as a store-of-value and possible future reserve currency, that puts its potential marketcap well north of 10 trillion. It will most likely always be the largest network, with the largest marketcap. (The alternative would be catastrophic for crypto as a whole, IMO.)