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/biz/ - Business & Finance

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22383444 No.22383444 [Reply] [Original]

>buy 100k worth bitcoin
>sell them when btc hits 100k
>be a millioner
how is this so easy? why do jews allow this?

>> No.22383470

>>22383444
Cause you'll need the chip to cash out.

>> No.22383639

>>22383444
Holding bitcoin is stressful.
You'll hold to 95k and it'll crash back down to 8k and you'll sell at a loss..

>> No.22383647

Cause your milliom by that time wouldn't worth shit

>> No.22383669

>>22383444
People will be willing to give up cash and use digital money only

>> No.22383672

>>22383444
>how is this so easy?
it’s not easy for normies to be smashed left and right, dumps to 3k, and shit like that
it takes some training to hold BTC

>> No.22383684
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22383684

>>22383444
>there are people literally thinking it'll pass 20k again
>there are people literally thinking it'll reach 100k one day

>> No.22383727

>>22383684
it will pass 20k again and after that it will pass 30k in a week because of the fomo

>> No.22383733

>>22383672
On top of it when you do make it everyone assumes you got lucky or are a criminal or some bullshit
I don't have anyone except my dad who sees bitcoin like we all see it, and that's only because I ear beat him with the latest news everytime we talk.

>> No.22383783

>>22383639
just dont sell then fucking nigger
I bought my meme coins at 5k and I didnt sell when corona almost killed crypto. Now im comfy again

>> No.22383810

>>22383684

Fuck of BSV/BCH/shitcoin shill

>> No.22383853
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22383853

>>22383639
>>22383672
Whenever someone doesn't believe that holding crypto is a fulltime job with stress, I always refer them to the infamous pink fields image.

Most of the anons outside /biz/ invested, saw the pink fields, sold and never looked back.
They were crying because BTC dipped to $2k.

Look at it's price now.

>> No.22383859

>>22383783
What happens when the exchange gets shady?
What happens when regulators start kvetching?
What about when a bug is disclosed or when developers start disagreeing?
How about when you are storing your keys in a multi-sig and your trusting a little crappy plastic device with open source software to generate a random seed to store a signifigant amount of your wealth.

It's wild west still and we're the test dummies.

>> No.22383900

Tell me, am I an idiot for making BTC like 3% of my portfolio? I'm going into this knowing that BTC will be worth nothing someday but hell, what if it skyrockets? That's an easy 50k to spend on videos games :3

>> No.22383917

>>22383900
Why would it fail now if it didn't fail for 11 fucking years?
This isn't some shitcoin.

>> No.22383931

>>22383444
because you will keep trying to be smart and sell before crashes and buy the dips and end up losing your stack

>> No.22383934

I'd rather hold eth to be desu

>> No.22383936

>>22383444
Because fiat is worthless and BTC is inevitable.

>> No.22383984

>>22383917
Like others have said, perhaps there will be a new gold standard of crypto that works even better.

That said, Bitcoin has name recognition. With more brokers allowing for it's trade it's become mainstream to normies.

I'm just holding onto it as a gamble and feel pretty stupid for doing so but I can stomach a lot of risk because I've set up other revenue streams. If I lost my entire investment, I won't care that much.

I'm just wondering where it will go and I'm happy to go along for the ride. I also want to view it as a lotto scratch card and cash out to buy some vidya games or a trip to Japan and reinvest the rest back into real investments.

>> No.22383993

>>22383859
You are right.
But same could happen with my bank account. Last year someone hacked my paypal and spent $400 before I could stopped him. My bank gave me the money back but nothing is secure

>> No.22384018

>>22383984
Just accumulate 1 BTC and 32 ETH. That's the absolute minimum you should have.
Increase your stack in the same ratio.
If you want to increase your risk, invest in LINK.

>> No.22384120

>>22384018
Eh, I feel like that's a shit ton to invest for something that's essentially a gamble. I'm kicking myself for not getting LINK when it shot up 70%. These lotto investments are fun as fuck. Holding THAT much seems like something even I can't stomach. I wish I knew more about it but all this crypto stuff seems like a mess, jargon of tech shit.

How are your investments doing anon?

>> No.22384257

>>22383993
Yeah it makes this space fun and exciting.
I was SIM swapped and it spooked me from storing coin in exchanges because I couldn't get a hold of coinbase support throughout the ordeal.

I think a multisig service where you hold some keys and a business holds one like casa is trying out is the future.

>> No.22384304

>>22384257
If I had text two factor authentication I would have lost all my money in coinbase.
BlockFi hired a female to look over their marketing and she got "hacked" and all the data KYC/AML info got leaked thanks to idiots like BlockFi.

>> No.22384381

>>22383444
Trip fours nice synchronicity But Selling at 100k? Such week bitch hands. Stop coming and Take some fish oil to strengthen your frail hand joints and hold Like a man until products are priced in sats. A can of coke wont just be worth $1 usd to equivalent Satoshi but everything will also go back to and honest price structure so it would be more like a can of coke would be 10 cents Converted to equivalent satoshis

>> No.22384453

If bitcoin tanks again I am buying 10k worth.

>> No.22384476

Because Jews are using the Chinese to store trillions of BTC. You'll still be relatively poor

>> No.22384479

>>22384304
>>22384257
that's why holding your money on an exchange is bad. it also allows for frivolous trading which is always a bad idea. having your holdings easily accesible and dispensible is bad. having a hardware wallet protects you from others and yourself in some ways

>> No.22384517

how high is BTC going to go though? Anyone have an idea?

>> No.22384582

>>22384517
I wouldn't believe the hype that says it will reach 100k. i think that's purely dumb money bait. even if it reaches that you're only talking a 10x. it's only worth holding btc if you have significant amounts of cash

>> No.22384616

>>22384517
Search Tom Lee on youtube....His prediction is roughly a 10 million per coin at the top of the cycle if current trends continue (Millennials generation Retirement age).

>> No.22384691

>>22383993
Bank transactions are reversible, blockchain transactions are not reversible.

>> No.22384740

Bitcoin just doesnt go up. It will never go up. I've been waiting 6 months for literally anything to fucking happen, and it doesn't. I fucking hate crypto so God Damn much.

>> No.22384813

>>22384740
>6 months
Ight I’m out

>> No.22384823

>>22384740
>6 months
look at this retard newfag lmao

>> No.22384905

>>22384582
>only 10x
you say that like guaranteed 10x’s are abundantly available everywhere
stonks changed this lately with the tsla and apple but bitcoin is still a really safe bet relatively to its potential upside, arguably the best for shrimps like us without connections and millions in cash for investment

>> No.22385026

>>22384905
>you say that like guaranteed 10x’s are abundantly available everywhere
i wouldn't say abundant, but if you're looking for it in btc i'd look elsewhere. as i said it's only worth holding if you have shitloads of cash

>> No.22385688

>>22384740
>up 28%
>just doesn't go up

Retard alert.

>> No.22385726

>>22385026
Historically cash was more abundant before the debt based economy and debasement of currency was a thing.
Bitcoin could capture that lost instrument in the economy while everything else corrects.

>> No.22385812
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22385812

>>22383900

>> No.22385893

>>22383934
to be to be honest die

>> No.22386003

>>22385726
I'm sure it could, but you could extend that line of thinking to any cryptocurrency. I'm not trying to denigrate what you're saying, I got into crypto for the same reasons. I just realised that you could find mega gains elsewhere.

crypto and specifically blockchain has a mega future. it won't replace fiat because it's good money, but blockchain offers so many potential solutions it's a good thing to get on, even if it's only a hedge against inflation

>> No.22386338

>>22384517
It will grow to absorb all monetary demand. This includes stocks and real estate which are valued way above their free market value, since right now people use those as a piggy bank due to a lack of sound money. Check out Saifedean's work, his book The Bitcoin Standard and his recent interviews for an overview of the history of money and why bitcoin will win in the end.

>> No.22386848

>>22386003
The value prop of a decentralzied system diminishes when you change the underlying mechanics.
I can see blockchain technology being huge but only if it can lock its operation to a decentralized network.

So while sharding a DAG are impressive technologies they're only worthwhile if they're implemented properly.
https://rgb-org.github.io/

With that said I still feel like a retard holding through the 2017 bubble till now.
The stock market seems like a crapshoot that relies on if the fed is going to buy SPVs or whatever.

So I don't know what's the best move, but bitcoin seems like a reasonable risk to reward ratio.