/biz/ - Business & Finance

[Anonymous No.22739937]

Any minute now guys. I hope your bags are packed

[Anonymous No.22739950]

>>22739937
Shorting.

[Anonymous No.22740555]

>>22739937
what is stock to flow?

[Anonymous No.22740738]

>>22739937
pls shut up

[Anonymous No.22740747]

>>22740555
It's like how Safex does something with the supply and the flow stops

[Anonymous No.22740824]

>>22740555
shills use it to stop you thinking about supply and demand because btc demand has been limited to 144mb/day

[Anonymous No.22740840]

>>22739950
Stay poor shorting bitcoin after the halving

[Anonymous No.22740916]

>>22740824
So it's just a fancy description for supply and demand? Stock = supply and flow = demand? Given the supposed purpose of bitcoin as a digital 'hard' money scarcity would be important I guess, or am I understanding it wrong?

[Anonymous No.22740942]

>>22740916
That’s it at its simplest level
Supply vs demand

[Anonymous No.22740966]

>>22740916
Stock being circulating supply and flow being new Bitcoin’s from inflation

[Anonymous No.22740973]

>>22740840
the halving? it's fucking almost 4 years from now

[Anonymous No.22740994]

>>22740973
It takes a year to peak from the effects

[Anonymous No.22741020]

>>22740994
When did the halvings occur? I know what a halving is, just want to compare it to the graph

[Anonymous No.22741055]

>>22741020
4 months ago
May 2020

[Anonymous No.22741081]

>>22740994
We don't necessarily know that, first one took few weeks, second one few months, this one could indeed almost take a year - but it could take longer, or happen quicker.

[Anonymous No.22741141]

>>22740555
It’s a cheat sheet to the future, Anon.

[Anonymous No.22741150]

>>22741081
1st halving late 2012 price peaked late 2013

[Anonymous No.22741154]

>>22740916
yes but its to obfuscate the s curve adoption of new technology.
the demand or adoption is sigmoidal to an upper limit. Btc has an arbitrary artificial limit of 1mb per 10min or 144mb/day. It reached that limit in 2017.
It is now effectively a ponzi scheme.

[Anonymous No.22741163]

>>22741055
Okay so the red dots are where a halving occurs? So if the graph (which I don't like because it's exponential) shows that bitcoin typically increases in value after each halving, why is the value predicted to decrease after this halving?

[Anonymous No.22741211]

The halvening in May already sealed BTC's doom, when the stock market crashes again and BTC follows miners will capitulate.
It's unironically different this time.

[Anonymous No.22741216]

>>22741150
my bad, you said peak - I missread, I'm retarded sorry anon.

[Anonymous No.22741252]

>>22740555
A fucking meme indicator that nobody takes seriously.

[Anonymous No.22741309]

>>22741163
its log scale
>>22741211
>It's unironically different this time.
why tho dipshit
>>22741252
except mathematical quants who run wall street
nerds rule this shit and bitcoin is econ geek gold
scarcity hounds know bitcoin is king

[Anonymous No.22741443]

>>22741163
Trolls & fudsters. They want you to sell the bottom because we are going up soon. Reverse is happening when we are near tops.

80% scammers and shills
20% honest anons with good advice
Welcome to /biz newfren hope you don't lose too much money here.

[Anonymous No.22741447]

>>22741154
I'm somewhat of a novice but BTC is weird to me in that it seems to solve a problem (fiat currency is open to manipulation), but couldn't any crypto with a public blockchain and a limited supply achieve largely the same result? And if a different crypto actually had a stable asset of some sort behind it (maybe gold?), wouldn't that be better as it would give the currency some sort of intrinsic base value? Or is the idea that even gold is susceptible to external manipulation?

I don't really understand the 'arbitrary artificial limit' you've mentioned, is that the bandwidth of the blockchain, so some sort of limitation on how much bitcoin can be transferred and how quickly? If it can't sustain more traffic, why haven't users migrated to something better?

[Anonymous No.22741542]

>>22741447
he wants more tx per block but that's actually a form of inflation too
in 2017 after BCH forked Bitcoin went from $5k to $18k in 2 months and then everything else crashed harder
shitcoins are ponzis for their teams
bitcoin is the opposite

[Anonymous No.22741559]

>>22741447
Spending money faster increases velocity which is like a form of inflation.
BCH idiots lost all their $ because of this

[Anonymous No.22741634]

>>22741447
>>22741542
>>22741559
so BSV got some legit claims?

[Anonymous No.22741664]

>>22741542
>he wants more tx per block but that's actually a form of inflation too
You're retarded.
>in 2017 after BCH forked Bitcoin went from $5k to $18k in 2 months
That's because Bitfinex flooded BTC with Tether cash injections that weren't backed by real money around the time BCH briefly had more hash rate.
They sold their bought BTC at the top to cover their $850 million losses.
2017 is never happening again, see you at $0.

[Anonymous No.22741672]

>>22741447
I cbf going into the history of bitcoin it's managed to be as debased in 10 years as the usd was in 100 years. The history provides an opportunity to bet on both sides though as both sides of the argument believe the world will be running on "blockchain" in the next few decades.
Read the bitcoin whitepaper https://bitcoin.org/bitcoin.pdf

Bitcoin as described in the whitepaper threatens the existing monetary system because it distributes control by market competition (specifically nodes competing to mine blocks) vs fiat which means by decree. By decree is an institution inevitably corrupted by people who are trying to organise the world so that humans can be treated as a resource to be harvested (autocrats) vs citizens whose self determination should be facilitated (freedom).

You're right to ask why bitcoin would facilitate that anymore than gold can and it is because bitcoin is a money of the information age that can massively increase the resolution, speed, security and automation of human society making it an information commodity that allows action on the worlds first public immutable ledger. If adopted It can't be ignored the way gold can be, it requires work to maintain whereas gold requires work to change

[Anonymous No.22741731]

>>22741443
Thanks mate, I've lurked here for a while, came from the Kengan threads on /a/ thanks to the shitcoin memes. Crypto has a massive learning curve and I'm starting to get there, but there's some things that don't make sense, and I figure a noob has a better chance of pointing out when the emperor seems to have no clothes

[Anonymous No.22741767]

>>22741731
currency is the most critical geopolitical variable, we live in crazy times

[Anonymous No.22741887]

>>22741672
It seems like gold makes better money than bitcoin because it physically exists, but bitcoin is more useful as money because it is digital. I have read the white paper and I understand (and agree with) the aim of decentralising currency, and I certainly understand the evils of the fiat system, but wouldn't a crypto backed by gold or something like that be more useful as money because it is more stable? No one seems to be using bitcoin as money, they just seem to be treating it as an investment, which seems like it defeats the intended purpose. Does that make sense?

[Anonymous No.22741942]

>>22741664
>Tether cash injections
stfu
>>22741672
gold is inflatable in many ways that bitcoin currently isn't
>>22741731
I sell shitcoins here and ill tell you BTC is 1 ETH is 2 and XMR BNB type of alts start the top tier
everything else is a kid in a basement and 2x riskier than BTC, by nature

[Anonymous No.22741981]

>>22741887
Yeah BTC isn't great money but everyone thinks that upgrading networks becomes exponentially easier it just takes a decade
gold is being manipulated by banks, theres arguments that alchemy is possible at an industrial scale and elon is about to snatch it from space in a decade
we buy bitcoin cause number go up
fuck being good money
read the bitcoin standard

[Anonymous No.22742026]

>>22741887
>decentralise
is now a meme word.
The point of decentralise was distribution of control, bitcoin is about control via competitive success ie those who do not provide a good service are those who aren't profitable are those that have no control
vs
a private bank that devalues your currency to make you poor so you can't stop working and you have no representation in that process. Or lightning network nodes by decree or multiple blockchain connected by decreed intemdiaries or by decree xrp validators

>>22741942
>inflation bad
inflation by market is not bad gold is money because its supply increases as function of profitability of mining more which is a function of the growth of the economy.
The bad inflation is the inflation of substitute good money (pieces of paper) so that the economy never contracts at the expense of peoples suffering

[Anonymous No.22742045]

>>22739937
BTC is done, that much is clear

[Anonymous No.22742059]

>>22741887
>No one seems to be using bitcoin as money
research the history
satoshi
andresen
blockstream developers
removal of op codes
refusal to increase arbitrary block limit
segwit
bch
bsv

[Anonymous No.22742154]

>>22741981
Why do bitcoin fans seem to always repeat the space mining thing? I get that it's a bit of a meme, but it's a terrible argument against the scarcity of gold to any normal person. Mining gold from asteroids isn't gonna happen unless the price is billions of dollars per ounce, which isn't gonna happen unless the entire world adopts a gold standard, which also isn't gonna happen, it's completely illogical and stupid hype from the greedy trust fund twins who missed out of facebook.
>>22742059
thanks mate, I appreciate it

[Anonymous No.22742164]

>>22741887
Btc also exists physically. Even after ww3, some full node will be left and the chain continues. All prohibitions will be useless, a hydra with thousand heads was created. Get on board now, time is short until we are a cape canevaral.

[Anonymous No.22742185]

>>22741309
because when actual economic challenges occured and stonks about to dump hard, this digital piece of shit stuck in 2017 with no solution to 7 tps and scalability problem.
>LN and every L2 is throwing away blockchain for SPOF system that takes so much years to make mainly because its developers afraid to deliver devastating news
>increasing block size kills the bandwidth and creates giant half empty blocks, with linear increase of tps
>sharding (ETH2 solution) requires cross-shard tnxs which are happening on a single blockchain (beacon), which is not really improvement. If they want to x64 the speed of network for end user, duplicate smart contracts had to deployed on all 64 shards. Again, it's a linear increase of tps, the whole sharding shit is basically a technobabble facade to switch ETH to PoS that doesn't require mining, yet we all know it's basically "whales control the network". Though the current PoW has "asics control the network" so it's no different.