/biz/ - Business & Finance

[Anonymous No.23544995]

Is 1 enough? I feel like I'm missing out

[Anonymous No.23545027]

>>23544995
kek, you need at least 6 to enter the citadel

[Anonymous No.23545028]

Same boat
I bought at 6k
Its not enough, but 100k in a few years is going to help us a lot anon

[Anonymous No.23545048]

>>23544995
1 is enough next bull run, but you need at least 10 this bull run to make it.

[Anonymous No.23545064]

>>23545027
So the max possible population of the citadel is 350000? kek.

[Anonymous No.23545075]

1 BTC
500 QNT

Don't miss it out fren. The time is now.

[Anonymous No.23545077]

>>23545064
Now that you mention it that does sound far too high, 20 sounds more reasonable. 20 BTC to make it to the citadel folks.

[Anonymous No.23545079]

>>23544995
10 btc = make it stack
100 btc = i can fuck your mother if i want to stack

[Anonymous No.23545097]

>>23545077
Just make it 21 for the 1 millionth meme

[Anonymous No.23545152]

>the fomo is real

top kek

[Anonymous No.23545154]

>>23544995
I liquidated all my stonks yesterday
>inb4 sell low
I figure if this really is the halving cycle golden bull run then we will see if the $25k price targets by January/February come to fruition soon enough
If they do, I stay in. If they don't I just go back to buying stonks. Seems like a good bet to me.
Once my funds settle and I can transfer I'll be putting about $50k into BTC and I'll be all in.
I plan to keep buying all the way up to $15k

[Anonymous No.23545337]

>>23544995
I made it to 1 during these two years.

If I sell now I can cover my cost of all these years falling pajeet scams, impulsive buying/selling and online gambling.

[Anonymous No.23545954]

now don't trade it all for shitty scam coins because you want 2btc

[Anonymous No.23545959]

>>23545027
6.15 to be exact

[Anonymous No.23546047]

>>23545337
its not too late to just keep buying with every penny you can

[Anonymous No.23546075]

>>23544995

It's a lot, but more doesn't hurt. Also never fucking sell

[Anonymous No.23546370]

>>23546075
Thank you fren

[Anonymous No.23546462]

>>23545064

there will probably only be like 50,000 people with 6+ btc in the future.

[Anonymous No.23546751]

>>23544995
Only 1? You're lucky Monero is the real bitcoin and you still have time to get a proper stack.

[Anonymous No.23546789]

30btc
10k link
chad reporting in

[Anonymous No.23546810]

>>23544995
How does $10,000,000 sound?

[Anonymous No.23546817]

>>23545027
>6 to enter the citadel
no you only need 1.

I have 2 - one for my wife and one for me.

See you on the other side.

[Anonymous No.23546883]

>>23545064
Won't exchanges always have a majority of BTC and most cryptos so the amount of people having say 6 is almost half of what you say.

[Anonymous No.23547097]

>>23544995
My girlfriend has .1 BTC. I've told her not to sell unless it reaches $1 Million even when we break up after I upgrade. Just consider that your lottery ticket.

[Anonymous No.23547150]

>>23546462
You're missing a few zeros.

[Anonymous No.23547168]

I can't bring myself to hold even just 1 BTC.

Whenever I do, the moment BTC goes up and settles I just put it all into LINK which always goes up right after BTC.
Then I get 1 BTC again just to have it, but after some time it always comes back to why not getting even more LINK.

[Anonymous No.23547200]

>>23546817

https://www.youtube.com/watch?v=GOJoLaxokzM

but it won't be bitcoin.

[Anonymous No.23547222]

10k LINK
1 BTC
32 ETH

who else /comfy/?

[Anonymous No.23547225]

>>23547168
That's the Jew inside of you my friend. That is why you are never calm.

[Anonymous No.23547288]

>>23547222
1k LINK would do just fine, but otherwise super comfy.

[Anonymous No.23547404]

>>23547150
https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html
I don't think he is...

[Anonymous No.23547612]

>>23546462
How many will have 6,000+? Asking for a friend.

[Anonymous No.23547759]

>>23546817
This except its going to be my ace in the hole for my gf to stop being a stupid lazy nigger and be a proper housewife...i mean she could always be kicked out or I could just sell her to some rich chad for some more BTC lol.

The normies keep saying its not real funny. Its going to be hilarious when it reaches back to ATH and they start to fomo like clockwork.

[Anonymous No.23548166]

>>23544995
1 and a hefty stack of ARPA should see you through anon.

[Anonymous No.23548214]

>>23544995
1 BTC
32 ETH
120 XMR

The 1 BTC for citadel entrance, the eth for constant income from staking , the xmr to buy the stuff you need to settle.

[Anonymous No.23548228]

60% ETH
20% LINK
15% BTC
5% XMR
5% XRP

[Anonymous No.23548248]

>>23548228
How am I doing bros?
60% ETH
20% LINK
15% BTC
5% XMR
5% XRP

[Anonymous No.23548360]

>>23548248
You only need BTC/LINK/XMR

[Anonymous No.23548626]

>>23548248
Ditch that ridiculous XRP. You’ve been memed by retards and scammers who want you to hold their bags.

[Anonymous No.23548681]

The only correct answer is this;
1 BTC
32 ETH
1000 Link

[Anonymous No.23548746]

>>23544995
its a good start, remember that millions of btc are forever lost, there is not many btc to go around, keep stacking and make sure to protect your wallet

[Anonymous No.23548788]

>>23548681
And 100k ADA

[Anonymous No.23548875]

>>23547759
The fact that you're still cucking yourself by being in a relationshit with a lazy nigger gf is already proof that you're ngmi

[Anonymous No.23549154]

>>23545048
Does it count if you have 10 BTC worth of LINK?

[Anonymous No.23549212]

>>23548248
Sell 4% XRP for RSR. And 10% ETH for LINK.

[Anonymous No.23549618]

>>23549154
no it doesnt, I had like 4m$ in icx in 2017, it turned into 100k, you have the same spot as me

[Anonymous No.23549634]

Is 100k by end of 2021 enough for you?

[Anonymous No.23549683]

>>23549618
I had $400K in Nano I managed to dump it at $56K. The notion that LINK will continue to keep pumping is just ludicrous and shows people never learn the lesson in crypto

[Anonymous No.23549911]

>>23544995
>tfw I sold 3 in 2013

[Anonymous No.23550011]

>>23549634
No.

[Anonymous No.23550057]

>>23549634
This is op btw Jannies banned me because biz jannies ban everyone now

[Anonymous No.23550098]

>>23549911
It’s okay anon.

[Anonymous No.23550106]

1 bitcoin? How does $10 billion dollars sound.

[Anonymous No.23550130]

>>23546810
>>23550106
when?????

[Anonymous No.23550184]

>>23550130
EOY

[Anonymous No.23551009]

>>23550098
No I sold all of it.
I only found some leftover DOGE worth €2.

[Anonymous No.23551055]

I can't buy fast enough. I think it is inevitable that BTC at very minimum retests 15k-17k this year if not a retest of the ATH. Thing is I don't know if I want to fuck around and big balls trade the tops or just long hold and trust that I'm retire in 5 years.

[Anonymous No.23551124]

>>23544995
You will just have to wait 2 cycles, and not do anything in a Niggerish high time preference manor between now and then .

[Anonymous No.23552298]

>>23549683
Hey man I think you forgot Reddit is that way>>>

[Anonymous No.23552352]

had 14 in august... now i have 2 bc of rugpulls.... i cant cope

[Anonymous No.23552375]

>>23544995
i had 8 and gambled it all away

[Anonymous No.23552389]

>>23552298
Raiblocks was shilled on biz first newfag check warosu fucking retard

[Anonymous No.23552724]

Imagine not having atleast 21 of these bitcorns to be part of the 1 mil club

Anything under 21 is for nufags
21 for old fags and more is for the real ogs

Ps got a wallet with 50k corn from 2011

[Anonymous No.23553617]

>>23552724
send me 1 out of your 50000 please

[Anonymous No.23554169]

>>23552724
>Ps got a wallet with 50k corn from 2011
Imagine this was actually true. What would you even do with all that money?

[Anonymous No.23554450]

1k link
10k PNK
10 BTC
100 ETH? (Not sure)

It’s that easy

[Anonymous No.23554451]

>>23544995
Can any of you teach a retard about margin? I'm watching videos on jewtube now but want to cover my bases and ask around here too.
I think Bitcoin is going to moon to over $20k very soon and I'd like to maximize my returns.
plz halp.
Thanks, niggers.

[Anonymous No.23554572]

>>23554451
To clarify, if I want to do 5x leverage long and I'm committed to going all in with whatever is in my account on that one trade I simply take the account cash balance and multiply it by 5?
All fees / commissions will also be applied after the sale?
Also, how does one get margin called? Is it only when you go below a certain threshold trade value or is it triggered by time?
Are there any other important details I'm missing?
Am I about to get rekt?

[Anonymous No.23554577]

>>23547222
Nice work, anon!

1,4k LINK
1,1 BTC
24 ETH

Feels aight as well. Most ppl I know own around .5 BTC and that is it.

[Anonymous No.23554908]

>>23554451
bump for interest. I'd like to maximize as well. I only make 1.4k a month (before rent, etc.) because I still study and I really don't want to miss out because of lack of capital at the moment.

[Anonymous No.23554954]

.1 BTC

i have a CD with 50k in it. Should I use that money to get BTC?

[Anonymous No.23555131]

>>23554954
Duh

[Anonymous No.23555188]

>>23554954
Yeah. I liquidated all my stonks yesterday. Just waiting for funds to settle so I can transfer. Would like to learn how2margin though

[Anonymous No.23555214]

0 Bitcoin
1 ETH
60 Link

You ever feel like nothin' good was ever gonna happen to you?

[Anonymous No.23555233]

>>23546817
I have you beat! I own 51,636,328 BTC!

[Anonymous No.23555306]

>>23554169
hunter biden mode except fish scales instead of meth or crack

[Anonymous No.23555390]

>>23545048
>next bull run
this is the last one

[Anonymous No.23555400]

>>23554572
>am I about to get rekt?
100%
That is your tuition fee for learning how to trade on margin
You won't listen but start with 5% of your prortfolio and 2x margin
You have to remember when you are trading on margin you are trading against exchanges... So yes they have a monetary incentive to liquidate you. They also have all order data so they know exactly how much it costs to liquidate you.
This is why you stick to 2x-3x you will be safe
Here's a beginner play 2x leverage long btc take profit at 14.5, 15.25, and 16k

[Anonymous No.23555534]

>>23555400
I was planning to just hold through $20/25k or whenever the meme lord I follow advises.
So if I wanted to do a margin trade and I had $40k in cash and wanted to do 3x leverage I would do a $120k buy order correct?

[Anonymous No.23555910]

Buy XMR, you will thank me later

[Anonymous No.23556104]

>>23546751
Uhhh guys I have $50 of BTC I don’t wanna go FOMO though

[Anonymous No.23556140]

>>23544995
>in this thread: the amount I have is enough, everything less is too little and everything more is too much

[Anonymous No.23556333]

>>23548248
50% BTC
49% ETH
1% LINK

[Anonymous No.23556614]

>>23549911
I purchased 100 in 2013 ...
satoshis

[Anonymous No.23557249]

>>23545048
This
To answer your question OP 1 will eventually be enough
I bet that will take approximately 17 years from now, or 2037
The way I and others derive this timeframe is by accounting for the remainder of our current cycle (~1 year left until the peak of this 4 year cycle), then a 4 year 'bear' cycle meaning 3/4ths of which will be bearish to cap off the 4th 4 year cycle in our current market paradigm, and then three more market cycles, hence 12 years, to get to the second 16 year cycle's peak

Look into Bob Loukas

[Anonymous No.23557275]

That feel when had 9.5
But now down to 7.6 due to shit coin trading

[Anonymous No.23557285]

>>23556140
Kek

[Anonymous No.23557393]

>>23548248
not bad, drop the XRP and use it to buy more XMR

[Anonymous No.23557503]

>>23555390
The last one for this cycle
You'll be fooled out of your generational wealth by believing that after this cycle the long bearish one is the real end to Bitcoin's bullishness
But in other commodities 4 and 16 year market cycles are common, matching up perfectly with pedestrian investor perceptions like those you put forth
Just like 2017 was preceded by a 3 year slow bull market that led up to a short, extreme bubble peak, and followed by a 1 year bear market (just like the other two times, and tracking onto the ongoing price action precisely) the market cycles come by 3 bull cycles and one bear cycle (the latter of which flips the number of bearish years and bullish years, according to latecomers' at-last stir to action before being punished by the market by being dumped on by early adopters and buy pressure evaporating as a result)

Thus I believe for the short term Bitcoin will peak in late 2021, followed by a one year bear market and an 85% drawdown, succeeded by a 1 year bull market (which could bring the actual near term peak in about 2023 if the bear market is not that bad) before then plunging into a 3 year devastating bear market which only the strongest hands can hodl through, and which gives the normies the most will-be hilarious and proper I told ya so of this decade

[Anonymous No.23558413]

>>23557249
My strategy is to ride out this bull cycle and sell then play FNGU again until the next bull cycle starts.

[Anonymous No.23558527]

>>23544995
you had 12 years how could you miss out?

[Anonymous No.23558569]

>>23557503

it will probably reach a steady state at some point, which could be lower than its current value. people will only tolerate slow transaction speeds and high fees so long before moving on to something else. there are plenty of alternatives so i think that eventually bitcoin will settle somewhere and stay there for a very long time.

[Anonymous No.23558679]

>>23557503
>gives the normies the most will-be hilarious and proper I told ya so of this decad

Are you kidding? If what you say is right, normies will get scammed hard

[Anonymous No.23559174]

>>23554451
>>23554572
>>23554908
The optimal amount of margin is 0. look at a chart of 2017 and notice the number of huge drawdowns on the way up to 17k - if you we're leveraged you probably would have been liquidated and missed out on everything.

[Anonymous No.23559246]

>>23544995
2.1 suicide stack
10 comfy stack
21 make it stack

[Anonymous No.23559547]

>>23544995
The only thing you missed out on is Radix token sale which accrued a whopping $12.5m...

[Anonymous No.23559681]

>>23545075
That's like 75% in Apple and 25% in Blackberry 10 years ago. Good luck.

[Anonymous No.23559712]

>>23545154
This, only I don't stop buying, ever.
That's what people are missing.
This is the best store of value ever conceived.

[Anonymous No.23559821]

>>23546789
>>23547222
>>23548214
>>23548228
>>23548248
>>23548681
>>23554450
>>23554577
>>23555214
>>23556333

All of you need to research Apple, Google, Amazon, Tesla and Facebook.

Look up what these entities did to their corresponding markets.

[Anonymous No.23559870]

>>23559821
bitcoin is not a company retard

[Anonymous No.23559959]

>>23558679
That's what I mean
An I told you so on our part

>>23558569
>Lower than current value
No
Lol

[Anonymous No.23560040]

>>23547759
This, except I’m the lazy one who just presses buttons and makes money and she’s going to law school.

[Anonymous No.23560049]

I have 8mBTC and can't be happier

[Anonymous No.23560095]

>>23555233
lol LARPing or plain retarded

[Anonymous No.23560100]

>>23557249
>17 years
Wtf?? What drugs

[Anonymous No.23560101]

>>23555214
Yeah and nothing ever did, so what?

[Anonymous No.23560254]

>>23559870
Good point dude. It's the category killer. Nothing else is going to get the adoption/attention/market cap. Bitcoin is eating up the crypto space, it's the runaway winner. No one is going to invest 50% in BTC, 25% in Link etc. My examples dictate this point. They swallowed up the entire markets. Not shitting on altcoins here, I own a few, just saying if there is a bull run, having a diversified crypto portfolio won't be what you want.

[Anonymous No.23560496]

>>23557249
We just are exiting a bear cycle

[Anonymous No.23560516]

>>23560254
That point makes sense, but ETH did about the same during last bull run as BTC. Do you know what dapps are? what about oracles? Bitcoin doesn't have that shit and it's slow as fuck. Ease of use, practicality, speed etc is what appeals to people in apple, google, amazon etc.

[Anonymous No.23560592]

>>23560254
Not really, if Bitcoin does a 4X up to 45k that would be massive and require a big pullback. There’s many legit projects that will do a 4X with less retracing. I just don’t get Maxis. Sure, keep 30% in Bitcoin but there are so many projects with more upside. I have a six figure portfolio and zero BTC.

[Anonymous No.23560640]

>>23560592
6 figures?
I had 10k that I lost in hyperinflation and considered myself rich lol

[Anonymous No.23560654]

>>23560100
17 years to make it with just 1 Bitcoin
I bet that is when we will see upwards of 1 million in 2020 dollars per Bitcoin

The magnitude of Bitcoin's price growth each market cycle slows due to the simple fact of how hard it is to move the price in an increasingly more liquid market
This combined with the coming bearish cycle will slow down Bitcoin's rise, as it ought to do in order to fully shake out weak hands from the longterm holding investor base

>>23560496
We've been in a bull market since December 16th 2018
Aka, no lower lows have been made since that day
In real terms, I think we've been in a true bullish market since July 27th of this year, but that's unhelpful in this case because one needs time to accumulate, not just invest when a bull market comes along so it is better to know when the low is in, and it's time to accumulate

[Anonymous No.23560738]

>>23560516
Watch Michael Saylor's recent interviews, he's a billionaire genius that just put his entire treasury into Bitcoin a few weeks back.

The idea about what Bitcoin is is evolving. The metrics have clearly shown that people don't like spending Bitcoin they like hodling Bitcoin. People are using it as a store of value, because if you could design a store of value bespoke from the ground up - it would be Bitcoin. Using Bitcoin as a currency is just icing on the cake but doesn't matter.

I'm not going to derail this thread on Oracles and Chainlink. Let's just agree they've got a lot of work to do. Bitcoin however is a clear replacement for gold and this is starting to happen as institutions are finally unable to continue calling it a fraud.

ETH was much more exciting a few years ago, it has had a while to find a use case, but it's much less appealing these days. It does have use case but all the projects on it have amounted to essentially zilch.

[Anonymous No.23560811]

>>23560654
To that last point,
How do you know when the low is in?
That's the benefit of watching market cycles
The 4 year cycle tells you that the bear market should last about 1 year
Usually with a V bottom to mark the cycle low
In the case of last cycle it was exactly 1 year and one day from the peak of the bubble to the low of the trough, which like I said has since not been beaten

[Anonymous No.23560830]

>>23557503
Late 2021 makes sense, this is the quarter where BTC does best

[Anonymous No.23560964]

>>23560592
Well just remember without the maxis you wouldn't have the entire crypto ecosystem. Bitcoin has morphed into simply a cash cow for many, but the philosophy behind it is actually very beautiful and powerful.

I've seen countless "legit projects" come and go, and most of my money has come from altcoins. And most people lose money, and I'd argue the only reason you and many others are up is because investing in basically anything with the exception of shitcoins has been profitable, it's been pretty hard to lose money these last months. What I'm saying is don't let the bullrun pass you by as you wait for pullbacks. Don't miss the forest for the trees. Bitcoin will be the de facto store of value and that means much more than a 4x.

[Anonymous No.23561572]

>>23559821
>>23560254
This guy really gets it. We are watching facebook eat myspace, google eat yahoo, Intel eat citrix.

>>23560516
Layer 2 solutions will exist. But the protocol itself, and the strength of the mining network, and the fact these miners are LOCKED IN with expensive custom hardware for sha-256 all means bitcoin will continue to eat the market. dont listen to people like this >>23560592 who aren't even playing the game. Microstrategy square and other corporates are not buying link, they are buying bitcoin. These are firms that spend millions to analyze a move like that. There is no XRP futures options on the exchanges. Buffet doesnt make comments on ETH. Bitcoin is apple.

>>23560964
>4x
I think the maximum in next 10 years looks something like...
Fed asset sheet /volume
$18 trillion/ 21 million coins= $857k

[Anonymous No.23561647]

>>23561572
>Layer 2 solutions will exist.

do you think that bitcoin will be required to handle an average triple digit throughput or greater? because it cannot.

consider also that regulators could effectively outlaw the lightning network by requiring exchanges to assign each user their own public key and make transactions on the blockchain for the sake of transparency (easy taxing and auditing)

[Anonymous No.23561738]

they won't allow paypal and other exchanges to obfuscate crypto transactions. not when there's a national digital currency.

[Anonymous No.23561890]

>>23561647
>do you think that bitcoin will be required to handle an average triple digit throughput or greater? because it cannot.
It will totally saturate and fees will go up...and thats a good thing. The few large trading houses will make arrangements with each other and either just give each other the wallet's info, or they will take out rolling loans/insurance to finance the swaps as they wait for a transaction spot. This isn't about retail any more. Its about institutional investors....Do you have a swift account? Are you still able to xfer currency? Its going big time, you are thinking about an end user actually touching the network. They will be pushed out. Just brokers, whales, banks and miners left on the chain. And us early adopting hodlers of course....we are so early in the crypto lifecycle. Its not about "the best" solution, its about the solution that will dominate. My mother asked me about bitcoin, not crypto, not eth, just bitcoin. Just like people talked about imacs, ipods, and itunes in 2000s. Its going to dominate because of name recognition, precieved trust, 'crypto-lambos' and the locked-in miners.

[Anonymous No.23561903]

>>23561647
>consider also that regulators could effectively outlaw the lightning network by requiring exchanges to assign each user their own public key and make transactions on the blockchain for the sake of transparency (easy taxing and auditing)

and this would be the right thing to do from a consumer protection standpoint anyway. otherwise you never know if they actually have enough crypto to back everyone's claim. it's completely plausible. and it would also make most pow cryptos fold instantly due to the extra traffic, especially btc. and it would be entirely reasonable. the lightning network is not a real solution to the scaling problem.

[Anonymous No.23561985]

>>23561890

but bitcoin is not a store of value. silver is a store of value because it takes a lot of actual work and energy to obtain and people need it for things. the labor and energy of refining and purifying this rare substance is "stored". mining bitcoin takes time and a modicum of "labor" but nobody needs it.

[Anonymous No.23562042]

>>23561903
this is just so any securities/derivatives market. You can sell shares you don't own, that aren't in your name or buy someone elses naked shorted shares with borrowed money..think they care about monitoring? They don't as long as a default won't fuck with the larger sector/market. You are over thinking it, its not about the details. These firms have smart people that come up with solutions. Its about monopoly traits /network effects. And bitcoin is there baby, not till the m. saylor was I ever this bullish, I'm 90%+ in btc for my crypto holdings. now I'm convinced bitcoin has risen and its a matter of time till the rest fall away, not completely, they have utility, but "alt coin season" may never come again. The more dominant bitcoin is the less likely a normie will buy an alt coin. feedback loop.

[Anonymous No.23562073]

women will only date you if you have minimum of 10 BTC

[Anonymous No.23562074]

>>23561985
what defines a “need” versus a “want” do people need iPhones? no

[Anonymous No.23562124]

>>23561985
never claimed it was a store of value. Gold was a store of value yet lost value like every year from 1980-the 2000s. The "work" you are holding up just ensures you can't print more gold bars, and gives those bars value. The industrial value of precious metals just mean that the asset wont go to absolute zero if people lose confidence. It's harder to print bitcoin than gold right now. NASA has identified astroids with more gold than all the gold that has ever been mined on earth. Just one of those astroids and gold becomes costume jewelry.

[Anonymous No.23562142]

>>23562042

paypal just endorsed three competitors of btc. two of which were specifically made to address problems with btc that were recognized very early on. it does not stand to reason that banks would build upon bitcoin. what happens when the average number of transactions outpaces BTCs capacity, which has a hard upper limit? you cannot do business like that.

[Anonymous No.23562143]

I haven't paid attention in a week. Why is it going up? For the last few months I feel its been coupled to the stock market. Did it finally decouple? Stocks have been going down and BTC is going up.

[Anonymous No.23562310]

>>23562124

mining an asteroid would take a huge amount of fuel, expensive equipment, manpower, etc. there's plenty of precious metal in the universe but it takes serious energy and effort to get it and purify it. that's what "work" is. yes, it's all for the taking. if you can dig it up, smelt it, refine it, and cast it. or bring it back from a fucking asteroid and do so economically.

[Anonymous No.23562361]

Yeah and those coins will exist, they will be used to trade and avoid fees. Banks are built on their internal databases right now. Those databases talk with swift to do a transfer. It takes days to process a transaction. You think they won't be able to arbitrage? Bitcoin is better than their current paradigm. That's enough.
And I'm much more interested in pension funds, ETFs, and hedge funds than banks. They are already handling wallets themselves, conducting one-time buys of hundreds of millions of USD without impacting the network at all.
>paypal and alts
yeah why wouldn't they offer alts? They are in the business of changing money. They want more transactions and market share. Plus if theil/musk/other founders own bitcoin themselves, they might need to do that to avoid regulatory issues. Like android preinstalling chrome, or Microsoft with IE.

[Anonymous No.23562407]

>>23562310
8 trillion USD of gold has ever been mined on earth. You dont think a project is possible for 8 trillion USD as break-even for the first asteroid? Musk has put up over 900 star link satellites this year. They are talking about extracting gold from saltwater. Any idea how expensive that is? makes the mars rover look like walking around money.

[Anonymous No.23562425]

>>23562124
>NASA has identified astroids with more gold than all the gold that has ever been mined on earth.
yeah but earth has more gold than what your feeble mind can comprehend it could cover the entire surface a meter high seafloors included.
we could make all our furniture even the toilets from 24 karat gold and it wouldn't even a put a dent on reserves.

[Anonymous No.23562473]

>>23562425
not in one spot it doesn't. Hasnt been a significant gold find since the 80s in s. america. Barrik *may * be have something in alaska right now, but it's still speculative. Gold is rare on earth, but not in the solar system. More Gold than iron is has been made in stars. There will only be 21 million coins ever.

[Anonymous No.23562477]

>>23562361

you still haven't addressed the scaling problem. iirc bitcoin's maximum is about 25 transactions per second. twenty five. even in an ideal setting, with extensive use of "lightning", don't you think it will have to process more than 25 transactions per second if it becomes anywhere near as adopted as you're picturing?

[Anonymous No.23562495]

>>23562473
>Gold is rare on earth
no it's not. earth is more rich in gold and silver than most of the known universe my a lot. asteroid mining my ass.

[Anonymous No.23562497]

The truth is you want bout 75% BTC right now and the rest can be cash or shit coins for trading.

[Anonymous No.23562522]

>>23544995
If the overall price prediction is true and it hits $1m/BTC in like 2040 or whatever, You're looking at 6 BTC to retire at 40 on a lower middle-class salary granted that is adjusted for inflation.

[Anonymous No.23562545]

Long term:

1 BTC
32 ETH
1000 LINK.

Easy right?

What about short term?
10 TENS
1 CORE

[Anonymous No.23562557]

>>23562495
9,835,748,200,000 metric tonnes is roughly how much gold planet earth has
what has been mined so far is around 190,000 tonns

[Anonymous No.23562560]

>>23562522
This entire comment... you people are fucking nuts.

[Anonymous No.23562595]

>>23562560
I'm implying the best possible outcome at 6 BTC. I'm not touching BTC specifically because that's a LOT to bank on, but anybody going hard on BTC should strive for 6.

[Anonymous No.23562750]

>>23562522
I do believe that will happen. its just a matter of how often the kikes, excuse my racist term, keep the price down.

[Anonymous No.23562821]

>>23562477
>scaling
Swift doesnt scale, its a single database out of belgium, takes days to make a transaction. Banks are totally chill with that.
Telephone networks (with manual operators) didn't scale, and Bell Industries was dominant.
AWS doesnt scale and you can still use it.
Scaling isn't a problem. They will just bundle transactions and have trading houses that can afford higher fees.
>25 xfrs a second
that's 2.1 million transactions a day. There are only like 35k banks in the entire world. So each of them can do 70 transactions a day.
>as I am picturing
I imagine the little guy completely pushed out and the transfer schedule completely saturated with only transactions of over $10k even feasible with a highier fee. Forcing normal people to use layer 2 solutions and derivatives that move through clearing houses that.

How many physical transfers of gold a day is credit suisse able to process a day? 200? 2000? xfr rate doesnt matter, they will paper over it.

[Anonymous No.23562841]

>>23561572
>watch companies eat other companies
except bitcoin is a blockchain retard
bitcoin's worth is in its consensus, its longevity and resistance to alteration except with nearly unanimous support and 100% benefit to the network
You're greatly overestimating how hard it is to make a consensus
The longer bitcoin is around, the stronger it gets
It is already THE most SECURE and fast way to transfer wealth on Earth
Just look at the last major contender to fork Bitcoin for an upgrade, Bcash, and look where it is now

Plus if Satoshi is alive and if he's Adam Back, I trust that the project is in good hands

[Anonymous No.23562860]

>>23562495
>>23562557
most of that is in saltwater and therefore totally unobtainable. We require concentrated deposits to harvest gold with current technology. We don't have many of those.

[Anonymous No.23562881]

>>23562821

and they're going to bankroll chinese miners with asics? you know how much money that's going to be in fees, going to china? you know how much wasted energy it is? how does that make any more sense than something like XRP? it doesn't. it's fucking stupid.

[Anonymous No.23562911]

>>23548214
>The XMR is for buying cocaine on the internet

[Anonymous No.23562916]

>>23562860
>totally unobtainable
you think... but these things change we already found a bacteria that can take gold out of seawater.

[Anonymous No.23562947]

>>23562841
>except bitcoin is a blockchain retard
Yeah of course. Was drawing an analogy. We could talk about the pound sterling taking over pieces of 8 as a direct comparison but wanted to keep it to recent history.
The network is the beast pulling the protocol train, the miners are laying the track in front of the cart. The tools they own will only work on that type of train, they can't work elsewhere without spending tons of money. the whole thing has me stoked.

[Anonymous No.23563005]

>>23562881
>stupid
so is the current system. This is beta-maxx vs vhs; you are arguing that beta-max is objectively better (i agree), I'm telling you to buy a VCR because thats where its going.
>>23562916
>we have technology to pull unlimited gold from the ocean
Only making me more bullish on bitcoin, hope they deploy that at industrial scale like tomorrow.

[Anonymous No.23563061]

>>23559712
>This, only I don't stop buying, ever.
>That's what people are missing.

You are absolutely right. This is how you make it, set it and forget it accumulate for years and you'll retire before 32

[Anonymous No.23563127]

>>23563005
>so is the current system. This is beta-maxx vs vhs; you are arguing that beta-max is objectively better (i agree), I'm telling you to buy a VCR because thats where its going.

and i'm calling you a goddamned idiot because you won't listen to reason. bitcoin's energy footprint is enormous and unnecessary. it's slow. it's chinese. i simply don't believe it's the best we can do as a species.

[Anonymous No.23563152]

>>23562143
PayPal announced that they are in talks with gobit (?) so that they can start providing crypto services. Although people are hodling BTC as virtual gold and wont be using paypal, it is confirmation that BTC is serious and boomer journos cannot question its validity in shock articles now. All press about BTC is going to be positive for the next few months.

[Anonymous No.23563190]

it's also mathematically quite ugly.

[Anonymous No.23563221]

>>23563127
>i simply don't believe it's the best we can do as a species.
Nobody cares about your emotional beliefs.
The best technology doesn't always win.
Adoption rates matter.
Network effects matter.
Again:
The best technology doesn't always win.
Hence:
>>23563005
>This is beta-maxx vs vhs; you are arguing that beta-max is objectively better (i agree), I'm telling you to buy a VCR because thats where its going.

[Anonymous No.23563253]

>>23563221

beta max and vhs were not fundamentally different. bitcoin is like a vhs that you have to deposit a quarter into every time you want to watch a movie. not a huge expense but it's unnecessary and irritating.

[Anonymous No.23563283]

if dubs I turn my 100% LINK into 50% tonight
if not i rely on the good hearts of anons on this board knowing wagmi one day to tell me if I’m retarded or not

[Anonymous No.23563309]

>>23563253
>beta max and vhs were not fundamentally different
They were competing formats.
Betamax was the superior recording format. It had better resolution, better sound, a more stable image.... it lost.
>bitcoin is like a vhs that you have to deposit a quarter into every time you want to watch a movie.
Bitcoin has mass adoption, network effect, MicroStrategy investing 450 million, Square 50 million... the hits keep coming, bub.
It's accelerating with big news every other month.
AND:
It's over.

[Anonymous No.23563319]

I have 200 ETH, will I make it?

[Anonymous No.23563471]

>>23563309

>We conservatively estimate the Bitcoin network to consume 87.1 TWh of electrical energy annually per September 30, 2019 (equaling a country like Belgium).

this is a non-trivial expense. to say that bitcoin is valuable is to say that energy and work are valueless.

[Anonymous No.23563516]

>>23550130
2030 unironically

[Anonymous No.23563540]

>>23563471
But as well, what was that energy directed at formerly?
You could make the argument that there is a lot of unseen energy being spent on all kinds of consensusmaking right now, albeit inefficiently
Usually when an analog or manual process is handed over to a digital and mathematical process, there is a great deal of energy saved and inefficiency quashed

[Anonymous No.23563551]

>be on another board
>they're starting to notice that BTC is 70% of ATH and climbing
>some dude talking about how he bought the top in 2016, therefore BTC is a scam and everyone who says otherwise is a seething /biz/ shill who needs to stop posting anime reaction faces

So what's gonna happen is that BTC hits 50k in 2021 or 2022, normalfags who don't belong here will fomo in and pump it a bit more, then profits will be taken and they'll get fucked over again.

[Anonymous No.23563555]

>>23563540
>what was that energy directed at formerly?
ur mum

[Anonymous No.23563557]

>>23548248
50% BTC
40% XMR
10% meme coins including ETH

[Anonymous No.23563564]

>>23550106
This sounds like something Sam Hyde would parodically say

[Anonymous No.23563579]

>>23563555
>Trips of truth

[Anonymous No.23563625]

>>23561647
The clogged mempool is so fucking bullish dude. 90% of bitcoin is already mined, we have so little time left to transition to fee market because the subsidy is quickly running out. Bitcoin is generating about 20% of its security right now from fees but remember that number needs to be 100% within the next 10 years because we will have something like 98% of coins mined in the next decade. 2140 is a meme, we don't have that long.

The other bullish thing about full mempool is that it incentivizes miners to keep moving forward. Imagine if the blocks were big enough to clear the mempool constantly to keep fees low. The rational strategy is to fork the chain at the tip to remine the last block for yourself. With a mempool backlog there is no reason to do that, because the next block you mine will also contain fees as well. It also helps to stabilize the reward value which helps maintain a more stable hash rate

[Anonymous No.23563645]

>>23563309
>....it lost
this guy gets it.

>>23563471
Would you give away your bitcoin? Like for free, if I give you a wallet address will you give it away? If that answer is no, than bitcoin has value. What about power? Do you run extension cords to your neighbor's house and give them free electricity? if the answer is no...electricity has value.
The fact that people have to spend electricity to get bitcoin just means they really do believe bitcoin has value. They are buying electricity to obtain something else, they believe this something else with even more value than the equipment to hash that something else and the electricity to make that something else. Therefore both electricity and bitcoin have value.

Is security valuable? is decentralization valuable? is an idea of freedom from fiat valuable? Obviously, a lot of people think there is some value there, and are willing to prove that by exchanging fiat for the means to obtain that value.

[Anonymous No.23563646]

>>23563540

but it's not usually wasted when better alternatives exist and are easily accessible. xrp does not incentivize the waste of power. if you depend on the network heavily, then its in your best interest to support it by running a node. if you don't, it's in your best interest to fuck off and not mess with it. there is no disparity between the people who run the infrastructure and the people who depend on it. this makes perfect sense. i'd call it common sense. it is not wasteful. it is dependable. it is fast. it is centralized to the extent that it needs to be.

[Anonymous No.23563663]

>>23563471
Protecting against unknown threats costs money. Everything can be hacked in theory but bitcoin makes any attempt very expensive and gives incentives to participate instead.
All renewable energy has issues with excess power when there's low demand and a lack of power when there is demand. Batteries aren't practical on a large scale to use excess power but bitcoin is. It gives all renewable sources of power a new market to get value out of their excess power and incentive to build to a capacity that can always handle the high demand times.

[Anonymous No.23563696]

>>23563625
>The clogged mempool is so fucking bullish dude

you're messing with me...

[Anonymous No.23563790]

>>23563646
>better alternatives exist
yeah and mercedes made better cars than ford. Zune was better than ipod. Beta was better than vhs. Damascus steel was better than US steel. Artisan sweets were better than hersey. Hell! ham radio had better call quality than the telephone.
>XRP
A great layer 2 solution that my mother will never buy. We are talking "winning" and "dominance" not "best tech". They are still coding in fucking COBOL anon.....
>common sense
the market can be irrational longer than you can stay solvent.

[Anonymous No.23563842]

>>23563790
>the market can be irrational longer than you can stay solvent.

but the people who run banks are generally not irrational people. they can generally be trusted to make rational decisions in their own best interests. banks are not going to build infrastructure on btc. it's not an industrial-grade system and never will be.

[Anonymous No.23563858]

>>23559174
Fair enough.
>>23560254
The case for alts is kind of like the case for gold and silver, gold being bitcoin and silver being alts. >>23560738
This biggest signal to me was how many institutional level investors have been jumping on it. I was always skeptical of bitcoin being a hyped up scam but if that were the case it would have died by now. The more I am learning the more I see the upside. I believe in the asymmetrical theory that bitcoin will be like $1million per coin or $0 and we are never going to zero.

[Anonymous No.23563880]

>>23563696
Refute my arguments dude. Also its obvious layer 2 is essential to scaling any blockchain, how does that ever get adopted and built out of there is no incentive to? Like lightning for exchange withdrawals, etc. Not only that but blocks are still ridiculously inefficient... Over 70% of transactions in the last 90 days are regular 1 addresses, some of them bare pubkey. These are whales that have literally NEVER updated their wallets in 12 years. Bitcoin is actually capable of 4mb blocks right now when everyone swaps to bech32. The longer we have sustained fee pressure the denser and more efficient blocks will get as being lazy is no longer an option

[Anonymous No.23563883]

>>23563127

[Anonymous No.23563928]

>>23563880
>The longer we have sustained fee pressure the denser and more efficient blocks will get as being lazy is no longer an option

you can only transmit so much information in a block, and a block is only mined every ten minutes. this limits the practical number of transactions to about 25 per second.

[Anonymous No.23563949]

>>23552389

[Anonymous No.23563974]

>>23563127
Bitcoin uses energy only when it is profitable to do so. You can't do jack shit about that because it is purely rational and profit driven. This is the carrot on the stick that will drive the entire globe into more efficient forms of energy because of this amazing motivator to maximize returns and beat out competitors in mining.

Bitcoin energy consumption will actually save the planet from global warming by bootstrapping an incentive system for maximum forms of energy efficiency

[Anonymous No.23563995]

>>23563842
>bank banks banks
banks don't hold your stocks for you...a broker does that. They dont hold your deed, a lawyer does that. And in fact, banks hold most of my bitcoin, since I have my private key in a safety deposit box, and a nano ledger in a second one in a second bank. So actually the infrastructure is already in place for banks to hold my bitcoin assets, the exact same way they'd hold my gold in fact.

Pension funds, ETFs, hedge funds, money managers, etc can all adopt the technology. Corporate treasuries are kept on it, therefore its already an "industrial-grade system".

[Anonymous No.23564059]

>>23563974

it is profitable for exactly the reason you stated earlier. mining rewards and a price driven by speculation. as long as most of the profit comes from mining, users and miners are not of conflicting interests. once that ends miners will have to charge much higher fees which users will have to pay or use something else that can process more transactions with lower fees. and no, it doesn't matter that bitcoin was first as long as other cryptos are reasonably liquid.

[Anonymous No.23564092]

>>23563928
I'm just saying that whales are currently using the most inefficient address types because they don't give a shit. Multisig is also extremely bloated on chain (bitmex) until we get taproot. None of this will change unless there is real reason for people to upgrade their wallets. If you make the blocks bigger the second there is any fee pressure then you encourage laziness in habits and you never take the base layer seriously. We should adapt to bitcoin constraints not bitcoin adapting to us because we're lazy

[Anonymous No.23564093]

>>23564059
>fees

if I am a bank and I transfer 10 million dollars to another bank...do I care about a $1,000 fee?

[Anonymous No.23564100]

>>23564059

and this is exactly what the ripple guy has been saying. it's a very realistic assessment based on alignment/conflict of interests, and one that investors should seriously consider.

[Anonymous No.23564171]

>>23564100
>XRP conflicts of interest
Is it a conflict of interest to sue co-founder Jed so he isn't about to exit from a coin he no longer believes in? Is it a conflict of interest to hold 60% of an asset and sell to retail knowing you are going to dilute them by private sales to institutional investors later? I'm 4% XRP btw and feel waaaay better about btc than the shit show going on over there this summer.
Not even going to touch on JPMorgan coin, Liink, Chainlink, etc.

[Anonymous No.23564283]

>>23564171

i don't. i have a rotten feeling about btc because it doesn't make any damned sense for users to pay for pointless work.

if btc ends up being used then we truly are in a sisyphian nightmare and i will blow my brains out.

in any case, xrp founders have to sell cheap because it's the only practical way to distribute the coin.

[Anonymous No.23564347]

BSV if you want to enter the citdel. Nothing else.

[Anonymous No.23564453]

>>23564283
>pointless work
okay, so this is the key "idea division" between us.
I don't view the empty hashing as pointless, firstly I view it as a miner casino. Mankind is addicted to casinos, therefore the miners are addicted to hashing. Casinos make money because people keep pulling that slot arm. Secondly, the "wasted" electricity that is really hanging you up is just one more barrier to breaking its security, very expensive to even attempt a 51% attack.
>we truly are in a sisyphian nightmare
yes most of us call it reality. Its a shitty place.
>I will blow my brains out
My grandfather still had his betamax collection in 2005. My parents refused to buy Berkshire Hathaway when it was $60k in 2009, they still talk about it. Really look at this space again, for retail: pretend you are a soccer mom, what coin would you buy? for corporate: pretend you are a CFO, which crypto-asset would be least likely to get you fired?

[Anonymous No.23564479]

>>23564283
>in any case, xrp founders have to sell cheap because it's the only practical way to distribute the coin.
https://insidebitcoins.com/news/jed-mccaleb-ripple-co-founder-reportedly-dumps-millions-of-xrp-daily
he tried to sell cheap, they sued him for it.

[Anonymous No.23564505]

>>23564453
>Really look at this space again, for retail: pretend you are a soccer mom, what coin would you buy?

none

>for corporate: pretend you are a CFO, which crypto-asset would be least likely to get you fired?

one with low volatility that has a good degree of corporate adoption. ergo, xrp.


huh.

[Anonymous No.23564656]

and empty hashing is most certainly pointless. yes, it makes a 51% attack infeasible. but it also forces miners and users into a conflict of interest once the block reward gets too low. adoption has not and cannot keep up with the diminishing block reward because it's exponentially decaying. so users are paying for pointless work and receiving slow service. it's not sustainable. even monero is a better model because incentivizes the development of faster general-purpose computers, but even that is a wishy-washy reason to prefer it over something that does not require pointless work in the first place.

[Anonymous No.23564706]

in short, bitcoin is a classic bait-and-switch.

[Anonymous No.23564720]

and if i were a shareholder i'd most definitely fire any cfo who suggested we acquire bitcoin for any purpose.

[Anonymous No.23564768]

>>23564706

its not gonna switch why or how would it

[Anonymous No.23564787]

>>23564768

the diminishing block reward means that miners are no longer subsidized and so users have to pay for the pointless work of empty hashing.

[Anonymous No.23564810]

>>23564787

who cares about miners

[Anonymous No.23564815]

>>23564810

you'll have to pay them a lot more money to use bitcoin.

[Anonymous No.23564858]

>>23548788
Based

[Anonymous No.23564895]

>>23560095
The fact that you unironically called him a LARP makes you retarded, retard

[Anonymous No.23564995]

>>23564505
Which corporate CFO has moved a percentage of his treasury into xrp?

You are too deep into the XRP army to view this problem rationally. There are 100 billion coins. If XRP has taken over all USD in circulation/ on FED balance sheet that's still like only $180-200 a coin. If XRP is worth the value of every asset on earth it comes out to like $1k-2k. So 1000X just isn't going to happen. 10X is likely short term, 100X may happen if the entire narrative plays off without a hitch and every bank in the world drops swift and uses XRP. That's a long bet for not much upside and significant risk.
>low volatility
up-downs are a good thing, I doubled my btc position at $5k this year and it has gone 3x and now I'm playing with house money, XRP didnt let me do that in 2 transactions, I had to trade like 20 times at 31-27 cents and buy back at 26-24 cents.
If no new instutional investor adopts bitcoin from here on out it will still outperform the S&P with a disciplined sell strategy and running a martingale on dips.

>empty hashing is pointless. yes it protects 51% attack
therefore its not pointless. QED.
>bait-and-switch
I think all cryptos except one will be bag holding scenarios, exit scams. I don't know which one will win, Its looking like it will be btc though.
>money for fees
"If you care about fees, you simply aren't making large enough transfers" -Mike Saylor
You talk about institutional investors, but then you are thinking about retail problems. Retail will not hold wallets, they will use PayPal, coinbase or Robinhood or some other normie brokerage app.

in any case, don't kys if you called this wrong, its just money.

[Anonymous No.23565027]

>>23548788
Fucking this

[Anonymous No.23565076]

>>23544995

I only 0.075 BTC should I buy more or wait for a correction to 10k?

[Anonymous No.23565083]

>>23562143
There's actually a lot going on:

So the Fed gives their official inflation numbers (CPI), this usually lists an inflation around 1-2%. No problem right? Everybody's happy. Okay, so now the Fed is targeting twice that, oh no, inflation!

Here's the red pill. Inflation is no where near 2%. Look up the Burrito Index, there are plenty other indexes that track true inflation. Inflation is conservatively historically 7%. Therefore the Fed is now targeting 14% inflation. Some experts are estimating 20% depending on how long this goes on. BTW people don't know this because financial education is not taught in schools. Imagine holding a stock that does -15%/yr. Want to know why tech stocks and real estate has ballooned? Because people are using these as store of values. Investors know that they have to get out of cash.

Bitcoin is the ultimate store of value. The more expensive and popular gold or any precious metal gets - the more the gold industry will invest to extract and create more. Gold miners are the arch enemy to gold holders. Also, with the advent of new technologies gold is not safe as it is technically not finite. You cannot be 100% certain that the supply won't increase dramatically tomorrow.

What else is happening?? This is all within the last few months:
>JPMorgan, arguably Bitcoins greatest detractor ***FLIPS*** from "fraud" to "considerable upside". Took you long enough. JPMorgan is the largest US bank. They are also using their own private JP coin.
>Paul Tudor Jones "even more bullish"
>Square invests 50m
>Billionaire genius technophile who predicted FAANG domination Michael Saylor invests most of treasury worth half a billion into BTC (if his interviews don't convert you, you are dead inside)
>Jerome Powell, who is essentially the de facto controller of the world money supply, is looking into the creation and implementation of a CBDC. Talking with the IMF who are hopeful for such a technology to help countries with weaker currencies. Big.

[Anonymous No.23565091]

>>23564995
>in any case, don't kys if you called this wrong, its just money.

i would not kill myself over 10 grand, but rather because i could not depend on rational thinking to navigate the world around me. nothing would make sense to me and i would not know what to do.

[Anonymous No.23565095]

>>23565076
You are going to be pissed that you were trying to time a buy in. Does it really matter buying at 10k or 15k when its going to 400k? You can't time that shit bro

[Anonymous No.23565106]

>>23565095
>going to 400k
Stop it. I can only get so erect!

[Anonymous No.23565172]

>>23565083
Also

>Fidelity starts a Bitcoin investment fund, investing in Bitcoin will become much easier
>PayPal
>The wealth transfer from Boomers to Millenial's will be the most profound in human history. Paradigm shifts that we can't yet perceive. What we do know is that millenial's don't buy gold, what do they buy? Crypto.
>Millenial's currently own only 5% of the wealth
>Bitcoin hasn't yet been frontrun by huge institutional investors, which means that you're living in a pocket in history that affords you the chance to essentially be the early investor in the premiere future store of value asset.

Watch these:
https://www.youtube.com/watch?v=ciB4ZiehEIs&t=6s

https://www.youtube.com/watch?v=qL2LfVRl3J0&t=5s

[Anonymous No.23565198]

so many newfags in this thread
we need a brutal dump to kill all the faggots

[Anonymous No.23565256]

>>23565083
Expounding on the CBDC implications quickly.
The US will either create a CBDC, or as I have heard rumors of, will create regulation on existing stablecoins like Tether/USDC. So either you'll have the USCoin, or you'll have a system of regulation where Tether is backed by the Fed via regulatory measures.

If the US either creates or backs a stablecoin token (which is inherently inflationary), then Bitcion becomes the de facto (without the slightest doubt) store of value token.

It's going to take years and decades for people to stop thinking of Bitcoin/crypto as a roulette wheel, but this is completely natural with emerging disruptive technologies.

[Anonymous No.23565461]

so many newfags, it’s literally this simple, once you see google trends for bitcoin on a 5 year worldwide scale hitting an 80 you begin to liquidate, then you’re all out by the time if hits 100, buy back the drop even if it takes 6-12 months there’s always a very large correction once everyone is in the pool, were at a 12 now, my guess we’ll hit 50-60k q1 2022 maybe a blowoff top to near 100k, btc can move much faster now as onramps and liquidity have vastly improved

[Anonymous No.23565482]

>>23565106
time to shift some of those ETH holdings to BTC friend

[Anonymous No.23565496]

>>23565461
we'll be at 40k days after hitting ATH. How quickly people forget the sheer mania of these runs

[Anonymous No.23565652]

>>23565198
A brutal dump? How does a brutal dump upwards to $100M per bitcoin by 2022 sound to you?

[Anonymous No.23565675]

>>23565496
yeah we’re at a 12 on google trends there’s very minor retail interest, yet the price is ~14k. Quite scary, we were at a 12 with a 4k btc, so it’s clear to me it’s simply big business/insiders accumulating That’re starting to front run each other and They’re being forced to drive the price up

[Anonymous No.23565755]

>>23565675
>trends
>They’re being forced to drive the price up
YUP! Actual single-digit percentages of the total market cap have been announced publicly if you combine the purchases made since july. Makes me think there is a double-digit % of total cap thats been bought and not announced in a press release when you consider family firms, foundations, smaller funds, rando whales etc. There are so many billion dollar investment groups out there....

[Anonymous No.23565817]

>>23565675
Truth is retail investors don't really matter much, you and I can't alter the price much. Just look up the wealth gap, something like 50% of the US population holds 2% of the wealth.

Shrewd investors are getting in. New money is being created, old money is dying out.

Red pill is invest everything now. Black pill is don't stop investing for 10 years, by then even a peon investor could retire.

[Anonymous No.23566148]

>>23565817
>>23565755

[Anonymous No.23566158]

I put in 30 dollars

How rich am I going to be in 5 years?

[Anonymous No.23566196]

>>23565256
>If the US either creates or backs a stablecoin token (which is inherently inflationary), then Bitcion becomes the de facto (without the slightest doubt) store of value token.

why not litecoin? it has segwit and faster on-chain transactions. asic resistance improves security. it has been around almost as long as bitcoin.

[Anonymous No.23566228]

>>23566158
how does $300 sound

[Anonymous No.23566246]

>>23548248
i know youre a brainlet because you own xrp

[Anonymous No.23566285]

2 BTC
50 ETH
2k LINK
100 XMR

How's my portfolio?

[Anonymous No.23566309]

>>23566158
well 5 years is 2 bull runs from now, so you'll have around $20k at the peak

[Anonymous No.23566320]

>>23566309
$2k* sorry to get your hopes up

[Anonymous No.23566332]

>>23566196
The market already decided. Same with BCH and BSV. I think Dogecoin is even objectively "better" than Bitcoin. The reason is both philosophical and pragmatic. Bitcoin already "won" the crypto war, not only that but there would be no Litecoin or any cryptocurrency without Bitcoin. First mover advantage. Network effect. Bitcoins design allows security over speed which is what is most suited to what people use it for in the first place. People don't use Bitcoin or any cryptocurrency for that matter as a means of exchange - they use it as a store of value.

Also, as technology improves, Bitcoin improves. As the infrastructure around the market leader improves, Bitcoin improves.

Also, most of exchanges in Bitcoin don't happen on chain anyways. You can make a billion trades on an exchange or PayPal, and these entities will never have to interact with the blockchain. Even though Bitcoin is designed to defeat middlemen, the ease of use is impossible for most people to deny, but you still have a store of value that is philosophically trustless. Look at the first block message.

[Anonymous No.23566339]

>>23566285
solid anon

[Anonymous No.23566359]

>>23566332
>The market already decided.
>First mover advantage.
>Network effect.

lol. "let's just forget ltc exists"

[Anonymous No.23566376]

i also suspect that regulators will incentivize the use of digital national currencies somehow.

[Anonymous No.23566391]

>>23565461
if you were out at 100 in that pic you missed the entire run up to 20k and circumsized your portfolio

[Anonymous No.23566402]

>>23544995
>he doesn't own 21 Bitcoin

You know this shit used to be pennies, right?

LOKI could solve this for you long term. NGMI with bitcoin sir. sorry.

[Anonymous No.23566407]

>>23566376
Yeah and also the spending of the digital currency once it’s in the consooomers wallets, the perfect play for them in that it discourages saving and rewards spenders, all sorts of bonuses and promos for buying shite, who knows could even be some kinda decay on the funds

[Anonymous No.23566430]

>>23566376
compuserve vs the internet

mac vs linux

[Anonymous No.23566444]

>>23566359
That wasn't what I was stating. I think it's great that all these other projects exist, it's essentially evolution and the strongest rise organically. We need Litecoin. But there are tens of thousands of cryptocurrencies. It would take more than "better" in your subjective opinion for any other crypto to win. And what's to say something "better" than LTC comes along tomorrow? Is that so hard to fathom? Obviously not.

Also, remember, if I was a proponent of crypto as a pure means of exchange I would jump aboard with Roger Ver. I see Bitcoin as a store of value. In fact store of value defined.

Same reason I don't invest in "ETH killers". If the alias for these projects didn't clue you in, you have to remember that it would take more than "better" technology for another project to flip ETH. ETH is already the runaway winner and the founder of the feast (in that sense there is an emotional and principled aspect to it as well). An "ETH killer" would not only have to be better objectively, but it would also require a paradigm shift - a clear moment where ETH dies and another takes its place. If you look at the metrics, virtually nothing points to this, besides speculation.

Does that mean that other projects won't do well? Of course not. But the point is that Bitcoin is Google. Bitcoin is Facebook, Apple, etc from an investment standpoint. I'm not saying that's "good", I'm just saying that's how market dynamics have always worked.

[Anonymous No.23566446]

>>23566430

are superficial analogies all you people can come up with?

[Anonymous No.23566447]

>>23566391
It was at a 13 in May 2017 with a btc at ~2k, then a 100 in December anon for a 10x~ gain in usd, were at a 14 now, do the math for what’s next

[Anonymous No.23566467]

>>23566446
its called appealing to retards

It's the same way you shill a nuanced school of thought with tabloid politics

[Anonymous No.23566503]

>>23566444

so you believe that bitcoin will retain its dominance at #1 marketcap for the rest of our lives?

[Anonymous No.23566571]

>>23566503
Great question. Gun to my head, yes. But I wouldn't be hugely surprised if in 60+ years the technology is changed via external factors/use case that we don't yet foresee. As of now however as the first cryptocurrency and as a store of value - Bitcoin simply replacing gold as a store of value will grant it a valuation that is hard to overthrow. Not only that, but what people underestimate that it works better than gold in every conceivable way and in ways that we haven't yet imagined yet (as it is programmable, unlike gold). It's a borderless, trustless, sleepless programmable store of value.

So, as for everything we know now - yes, without question.

If things change drastically in ways we can't yet foresee, it could be toppled. However these things happen over time, not overnight.

[Anonymous No.23566610]

>>23566503
No. SHA-256 isn't quantum hardened according to NIST. But yes, the miners will just switch protocol/hashing type and use the old ledger.

[Anonymous No.23566627]

>>23566571
>Great question. Gun to my head, yes. But I wouldn't be hugely surprised if in 60+ years the technology is changed via external factors/use case that we don't yet foresee.

how can you foresee the time frame but not the nature of such a change?

[Anonymous No.23566653]

>>23566627
I don't understand the question

[Anonymous No.23566689]

>>23566653

you have trouble picturing bitcoin lasting forever because people have a tendency to seek out things that are most efficient, and bitcoin is not efficient.

why would it be replaced in 60 years but not 50? why would it be replaced in a decade but not two years? what will effect such a change if not bitcoin's inefficiency and limited capacity?

[Anonymous No.23566752]

>>23559681
>>23559712
>>23559821
>>23560254
>>23560738
>>23560964
>>23565083
>>23565172
>>23565256
>>23565817
>>23566444
>>23566571
>>23566653
actual genius in this thread
>green id
we're going to make it bros.
i need to invest more.. im just so fucking broke from waging..

[Anonymous No.23566794]

>>23566689
Well part of the magic of bitcoin is that if the majority of people want to change the way it works, then it will simply change. Bitcoin is simply code. Therefore, if changes are made and the community agrees with those changes it evolves. Everyone can change it and no one can.

That's why I see it as being the most successful cryptocurrency in the foreseeable future. I think what you're hinting at is a technology that supersedes cryptocurrency - that's a possibility as well, I'm prepared to invest in Bitcoin until that time comes. Much like my thesis on Bitcoin replacing gold.

As for proof of work. Proof of work didn't succeed because of endorsements, marketing, enigmatic founders, etc. It succeeded because proof of work works. It is apathetic to peoples opinions of it, it grows completely organically.

Proof of stake will be interesting. Perhaps other consensus mechanisms will come along. We'll see where that takes us. I don't think it will overthrow Bitcoin. I could be wrong and take comfort in being wrong because it means I've learned something.

But looking at the macro environment, and for all the reasons I've given I think Bitcoin is just getting started. Cheers.