/biz/ - Business & Finance

[Anonymous No.22714908]

Isn't it crazy how similar it feels like 2017 all over again?

The ico craze of spring/summer? Now substituted by farming
The product-less projects? We went from websites and whitepapers to discords and medium posts
The proof of stake promises of passive income? Now the passive earning through protocol fees
The massive dump after the summer? Same exact thing happened this year.

Will end of the year 2017 repeat itself? magine that on top of a vaccine announcement.

[Anonymous No.22715206]

>>22714908
Good to see someone understands

[Anonymous No.22715266]

>>22714908
And bitcoin broke it's ATH too, earlier this year, I think you're onto something OP

[Anonymous No.22715330]

>>22714908

>People still think ethereum needs to be replaced entirely by some underutilized clone project
>People still don't realize layer 2 projects such as unitrade and falconswap will be a much easier/quicker solution to the ethereum scaling issue
>Soon as the scaling issue is resolved, a much larger group of people will have access to liquidity pool farming, etc
>Synthetic stocks are coming soon
>Ethereum 2.0 is launching in a few months

Plenty of good news to start a bull run. As long as the big tech companies don't shit the bed too hard. But given the amount of corruption/power these companies have (+ it's in the best interest of republican mutts), I doubt they will.

[Anonymous No.22715431]

How exposed am I if I pool usdt/usdc? That 12% apy is looking juicy but I don't want to be exposed to a sudden crypto dump

[Anonymous No.22715570]

>>22715431
They're stablecoins so no exposure to market dumps.

[Anonymous No.22715598]

>>22715330
just release 2.0, skelly

[Anonymous No.22715633]

>>22715570
wait so is that literally free money?

[Anonymous No.22715636]

>>22715598
I did not say spaghetti

[Anonymous No.22715666]

>>22715330
>>Ethereum 2.0 is launching in a few months
Yeah i did not say the 2020s

[Anonymous No.22715731]

i just fapped to ops pic

[Anonymous No.22715745]

>history repeats itself
NOOOOOOOOO history can not repeat itself, this times its different it has to right?

[Anonymous No.22715787]

>>22715633
There's risk that stablecoins come off peg, risk that bitfinex (controls tether) get's fucked, risk that circle (controls usdc) gets fucked, risk that arbitrageur become the majority making swaps on the usdt/usdc pool thus the fees accrued don't offset the money going into their pockets, there's risk in ethereum shitting the bed so much that no one uses uniswap and volume drops too much and the apy% becomes low.
There's probably other risks like the ethereum network becoming insecure or some solar flare wiping all electronic communication.
Other than the bitfinex risk, the chance of any of these happening is very low.

[Anonymous No.22715815]

i came so hard. i cant move and i feel like the lifeforce has been sucked out of me. also feel like puking

[Anonymous No.22715965]

>>22715633
>>22715787
and USD is losing value

[Anonymous No.22716478]

>>22715431
riskier than bonds but not very risky desu
Stables go to shit, crypto would be fucked up

[Anonymous No.22716509]

>>22715815
Based and coompilled

[Anonymous No.22716516]

>>22714908
And ftm is the new link

[Anonymous No.22716534]

>>22714908
>>22715731
>>22715815
That's a man

[Anonymous No.22716550]

>>22714908
If you think this is like 2017, then you weren't here for 2017. Fucking larping newfag kys

[Anonymous No.22716564]

>>22716550
if you were here in 2017 and didn't made it yet then there is a reason for it

[Anonymous No.22716581]

>>22716550
how is it not retard? how about converse instead of post some shitty frog pic and blatant cope tier text. This board is infantile garbage holy shit.

[Anonymous No.22716612]

>>22714908
>vaccine announcement.
lmao NPC faggot
this is a chimera virus, you won't get a vaccine for the next 5 years
the virus is also almost harmless, it only kills boomers

[Anonymous No.22716735]

>>22716550
I was fren. moon and chang taking over the biz ark delegate, the omg pump, the massive correction, mommy jemma big tits from powr going on a x10 during the fall, etc.

>>22716612
stop being a brainlet. My post is pretty clear that its talking about the market response to such an event

[Anonymous No.22716763]

>>22716564
In 2017 I dropped by /biz/ and thought you all were retarded
If I had listened, I would have probably bought 100k link and retired by now

[Anonymous No.22716806]

>>22715666
>666
delet

[Anonymous No.22717038]

>>22714908
2017 is 2017, 2020 is 2020. 2017 will never come back nor will any year be just like it. Plus there can't be a golden bullrun because of the trump election thing in the us

[Anonymous No.22717086]

I spent my life savings in some meme tokens on uniswap. I believe op is right and people like me entering these markets indicates the top.

[Anonymous No.22717216]

>>22714908
Not even close to the same. In 2017 normie money was flooding in by the billions. Every single person I know was asking how to buy bitcoin and xrp. Nobody gives a shit about crypto in 2020. No new money is coming in it’s all just pajeets running from one yield farming scam to the next one. The total crypto market cap barely moved on that recent “dump”.

[Anonymous No.22717292]

>>22717216
the dump didnt happen yet

[Anonymous No.22717309]

>>22717216
there was not a lot of new money back then either. that happened during end of the year

[Anonymous No.22717525]

2020=2016
2021=2017
(Offset by a few months)

Summer into fall 2021 will be biblical

[Anonymous No.22717719]

>>22717216
>I know was asking how to buy bitcoin and xrp.
>xrp
cute larp but nobody gave a shit about xrp but for a nano second and it wasnt everyone asking.
you mentally ill xrp cultists really cant help going around revising history so your shitcoin looks better than it ever was.
sad
many such cases of low IQ + mental illness

[Anonymous No.22717926]

>>22716581
welcome to biz

[Anonymous No.22718233]

we are def in a new bubble with the defi/uniswap bullshit going on. it looks and feels a lot like 2017 in some ways...but it really has been limited to this small crypto niche...it hasn't spread to the greater market yet. I think we all assumed it would/ or will....maybe it won't. idk

[Anonymous No.22718630]

>>22715330
Also Uniswap V3. Hopefully more normie friendly. Eeeek

[Anonymous No.22719169]

>>22714908
Its 2016 pleb

[Anonymous No.22719429]

>>22715787
What's the consensus on DAI, shaky or firm? I've heard a lot of fud about usdt.

[Anonymous No.22719463]

>>22718630
link on v3 news?

[Anonymous No.22719529]

>>22714908
>The product-less projects?
Heh, I don't find that true. Most of the things that pumped hard have a usable product. Some are basic copy / paste but even then there is usability vs. just whitepapers.

[Anonymous No.22719550]

>>22717309
>excluding bitcoin
>>22717719
To be clear I fucking hate XRPajeets and it brings me great joy seeing those losers go bankrupt as their shitcoin bleeds to zero. You’re retarded if you think normies weren’t buying it during that 2017 fomo bubble though. It was one of 3 coins on coinbase at that time and all my dumbest friends bought it because it was “the cheapest” and no other reason. Either way it’s going to 0:

[Anonymous No.22719571]

>>22718233
Just part of the bullrun this first defi wave. Feels like '16ish

[Anonymous No.22719580]

>>22719529
A Ponzi scam isn’t a useable product

[Anonymous No.22719609]

>>22714908
Except that it doesn't.

[Anonymous No.22719704]

>>22719429
dai is actually the only decentralized stablecoin
weak points are... it's actually decentralized so you're betting on a system functioning properly, rather than just centralized authorities bailing you out. there's been bugs and hacks in the past, and of course the volatility of the underlying asset ETH when it went from $1400 to $80
but overall the system holds. other point of concern can be governance, which isn't as decentralized. a large part of MKR is mostly owned by VCs, making governance just a few people. but this is true of all so-called DAOs really
in layman speak dai is still muuuch less riskier than tether/finex we-hop-from-banks-to-banks-in-juridictions-known-for-money-laundering-and-you-cannot-audit-our-bankroll-and-also-our-ceo-is-a-fake-identity bullshit. and dai/usdc is actually interesting because dai doesn't maintain a $1 peg perfectly, so you ought to profit more from fees as traders attempt to arbitrage the difference. in theory