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/biz/ - Business & Finance

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24123520 No.24123520 [Reply] [Original]

>there are people selling their Bitcoin at this very second

It's not the price increases that baffle me. It's anyone who would actually sell the scarcest valuable asset known to man.

What are they THINKING?

>> No.24123534

Bitcoin is not an asset. Gold is.

>> No.24123552

They are the bobos who keep posting xx rejected.

>> No.24123565

>>24123520
they looking at monthly and shitting their pants that this may be going too fast.

>> No.24123586

I hope those losers sell so the price dip and i can get in.

>> No.24123630
File: 50 KB, 545x453, Pepe.jpg [View same] [iqdb] [saucenao] [google]
24123630

>>24123520
I'm thinking of selling some in perhaps 10 or 15 years.

>> No.24123645

>>24123586

Once is goes past 20k it will never go back below it.

>> No.24123675

>>24123630

I think I might sell it in 100 years when its at 1 billion a coin

>> No.24123679

bitcoin is worthless and it's going to dump below $16k very soon

take profits while you can now

>> No.24123729

>>24123645
It's going back to 10k very soon. Probably even bellow that.

>> No.24123783

>>24123729
>bellow
yes, very bellow sirs!

>> No.24123796

>>24123729
post shorts?

>> No.24123797

>>24123520
> scarcest valuable asset known to man
Interesting perspective but it isn't scarce, it can be divided an infinite amount of times

>> No.24123801

>>24123645
This. After the next crash it'll have a low of around $30k before the 6th bullrun.

>> No.24123835
File: 185 KB, 1080x2160, Screenshot_20201121-143125.png [View same] [iqdb] [saucenao] [google]
24123835

>not another bubble

>> No.24123851
File: 18 KB, 480x621, hehe.jpg [View same] [iqdb] [saucenao] [google]
24123851

>>24123796
Okaaaaay anon, but I don't reeeally understand what this has to do with business.

Am I right fellow anons, eh?

>> No.24123928
File: 226 KB, 880x882, 1604692430639.png [View same] [iqdb] [saucenao] [google]
24123928

I just FOMO'd a $1000 leafbucks into btc
0.04092 sats

>> No.24123968

>>24123797

Yikers

>>24123835

Zoom out

>> No.24123975

>>24123797
>it can be divided an infinite amount of times
not really people meme about this but net even single sats are spendable

mean while 1 oz of gold has 1.18x10^26 atoms in it (that's the theoretical divisibility) and about 6 billions oz of gold has been mined.

>> No.24123980

>>24123520
>valuable
see that's the thing. crypto assets are not valuable at all. You can't do anything with crypto assets except sell them which you can do with literally any asset. Also just because BTC minted crypto tokens are scarce doesn't mean crypto assets are scarce in general. you are attributing something like numismatic value to crypto assets which is blatant bubble mania behavior. everyone of you idiots should sell now while there are still buyers.

>> No.24124048

>>24123980

How do $100 bills have any value?

>> No.24124052

>>24123534
lol. This is clown world. BTC will keep going up while gold collapses.

>> No.24124058

>>24123980
Based. Listen to this faggot and sell so I can get in!

>> No.24124119

Newfags are still susceptible to fud

>> No.24124145

>>24124048
because the state points a gun to your head

>> No.24124179

>>24123851
gtfo

>> No.24124217

>>24123520
>there are people selling their Tulips at this very second

>> No.24124241

>>24123520
Why is bitcoin valuable?

>> No.24124251

>>24124145

So the value of thing is determined by the use of force?

Newsflash nigger. Thats when you know its worthless. It can only last so long. Your thinking is ass backwards.

>> No.24124269

How is bitcoin scarce when it can be infinitely divided?

>> No.24124285

>>24124251
Paypal me 10k when its worthless then.

>> No.24124303

>>24123520
It's one of these:
>They needed the money
>They already made it
>They can't handle the risk and volatility
>They like to swing trade (gambling)
>They are absolute retards

>> No.24124306

Non tangible objects cannot be scarce

>> No.24124331

>>24123980
Listen to Michael Saylor's recent interviews. This sounds harsh but it's true - you have absolutely no clue what you're talking about.

>> No.24124338

>>24123851
wait big btc holders can dump their btc to crash market and make even more money? OY VEEEYYY b-but anon USD won't last.
I paid for coffee just another day with btc proving that USD is complete scam and about to delude into nothing. Plus I like cold coffee since I had to wait 3days for transaction to go through

>> No.24124380
File: 50 KB, 1068x692, coffee-marcatcap-scale.jpg [View same] [iqdb] [saucenao] [google]
24124380

>>24124338
next time try ln

>> No.24124389
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24124389

>>24124285

Soon. You seem to think USD can be printed to infinity. History proves otherwise.

>> No.24124423

>>24124241
Proven to work for a long period of time
Almost all coins that will exist are already circulating, predictable transmission of new coins
Censorship resistant
Decentralized

>> No.24124430

>>24124269
>infinitely divided
Planck length exists. Ngmi.

>> No.24124443

Amazon is worth $1.7 trillion
Bitcoin is worth 345 billion

Bitcoin needs do a 5x ($90k a bitcoin) to be worth as much as Amazon.

>> No.24124455

>>24124389
>History proves otherwise.
You literally have no idea what you're talking about and you are just guessing at this point. Yes, the dollar is not backed by anything. But for the dollar to fall, America needs to fall as well. Why do you think they invest so much in the military?

>> No.24124500

>>24124443
Market cap is pretty meaningless

>> No.24124523
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24124523

>>24124500
So many retards in this thread.

>> No.24124551

>>24123797
but the supply is constantly reducing so eventually that is irrelevant. plus, the value is still scarce even if you have a very small amount of it

>> No.24124568

>>24124523
He's right though. Show me a non government entity that could purchase amazon or apple without debt

>> No.24124590

>>24124455
>But for the dollar to fall, America needs to fall as well.

Yes. Have you been following current events? China has #1 GDP. USA will be importing millions more low IQ shit skins that want more socialism and communism. Wake the fuck up. Eventually you can print money to pay your military if you dont produce anything. Financial schemes eventually end.

>> No.24124639

>>24124443
Yea but how many BTC are lost or gone forever because someone lost their key. MC doesn't really represent crypto very well for this reason

>> No.24124673

>>24123520
how does -80% sound.

>> No.24124684

>>24123534
enough of your hebrew nonsense, schiff.

>> No.24124718

>>24123534
at some point we are going to need to come up with a plan for how to deal with these nocoiners. I'm not trying to be salty
these people are going to become very dangerous over next 5 years when the depth of their mistakes are revealed.

>> No.24124744

>>24123975
>>24124551
Retards, if one person holds 99% of Bitcoin the remaining Bitcoin can still be divided an infinite amount of times. The man holding the 99% of Bitcoin would just be richer because the currency is inherently deflationary but the currency itself isn't scarce, it's abundantly infinite. There's limited supply but unlike gold (which can't be realistically divided forever, you can't walk around with gold atoms), Bitcoin CAN be divided an infinite amount of times.

Its scarcity thus means nothing
It was just as scarce when 1 bitcoin was mined as it was when 2 bitcoins were mined, and when all bitcoins are mined. Deflation will just kick in once all bitcoins are mined

>> No.24124747

>>24124590
You are blindly repeating /pol/ talking points. Most of the people wanting socialism and communism are born in America, many of the shitskins escaped communism and hate it with passion. The education system is the problem, it teaches millions to hate their country. China has a higher PPP not GDP, they are decades from overtaking America. America won't fall soon.

>> No.24124752
File: 44 KB, 320x323, 765B3C78-0E6F-4898-8B81-64344DC31217.jpg [View same] [iqdb] [saucenao] [google]
24124752

t. Peter Dalio

>> No.24124773

>>24124752
>peter dalio

>> No.24124833

>>24124744
>the remaining Bitcoin can still be divided an infinite amount of times
but it can't because the ledger and the protocol does not support this divisibility only a hardfork could change it and that's not gonna happen.

>> No.24124874

>>24124639
This is very true, but is a little pedantic.

Market cap at the end of the day isn't technically a definitive value indicator. Of course it works perfectly as one.

But it's not like there is vault of "money" somewhere that is backing the Bitcoin price. Theoretically if everyone decided to stop trading Bitcoin and all the liquidity and order books on the exchanges disappeared, and then someone went on an exchange and put in a bid order of $1 for one Bitcoin, and it was sold at that price - the new market cap would be 21 million for Bitcoin. Gold and every conceivable asset can be viewed in this sense.

Bitcoin really gets you at thinking at what money is. Fiat is monopoly money. Stocks can be freely issued. Gold is inflationary. Real Estate isn't bad. But Bitcoin is the only asset class that is finite.

>> No.24124910

>>24124590
literal top
you retard actually think USD will fail.
whole fuckin world depends on USD
if USD fail HALF OF THE WORLD WILL FAIL
Look at fucking russia or india
you are fucking delusional fren

>> No.24125016
File: 484 KB, 1082x695, xmrcomfy.png [View same] [iqdb] [saucenao] [google]
24125016

>>24123520
<unknown>

>> No.24125075

>>24123520
>the scarcest valuable asset known to man.
KEK This ponzi is the least valueable asset in the world and you are a delusional hopium addict.

>> No.24125109

>>24124833
wut you can literally transact in any amount of bitcoin you want, they don't have to be integers

>> No.24125195

>>24124874
>Bitcoin is the only asset class that is finite.

For now but it's possible that bitcoin's protocol will or can be changed to allow for a larger supply in the future.

>> No.24125260

>>24125109
are you retarded or just don't know a fucking thing about bitcoin? look into the source code it's on github...

>> No.24125311

>>24125260
im not gonna look into bitcoin's source code you fag
are you saying you can't send and receive 0,003914 bitcoin? retarded fuck

>> No.24125343

>>24125311
no you can't you can only send 391400 sats

>> No.24125579
File: 82 KB, 1080x738, 1605825657851.jpg [View same] [iqdb] [saucenao] [google]
24125579

I'm thinking of selling it 9 years ago.

>> No.24125613

>>24124773
>that’s the joke

>> No.24125652

>>24124910
>i can't imagine it happening so therefore it won't happen

>> No.24125668

>>24124910
Guess you should go 100% cash then

>> No.24125891

>>24123534
Gold isn't an asset either. It's pretty useless in terms of function except being shiny shiny rock that bottom feeders (niggers) need to get their hands on

>> No.24125896

>>24125195
No no no, it's very rare that even simple adjustments are made to the code. The finite supply is the key element behind Bitcoin. Satoshi designed it specifically because of inflation and monetary shenanigans. Consensus is extremely difficult to obtain with Bitcoin regarding alterations, which we now understand as a feature not a bug. That's the beauty of this thing. Check out Michael Saylor, he's the billionaire rocket scientist genius that just put his entire company treasury in Bitcoin.

>> No.24125957

>>24125311


"On its part, a single bitcoin is divisible by eight decimal points. The smallest unit is the Satoshi, which is also referred to as a bit, hundredth of a millionth bitcoin (1 satoshi = 0.00000001 BTC)."

Eventually people will talk about how many sat's or bit's they own, not Bitcoin.

>> No.24125965
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24125965

>>24123520
IS BITCOIN GOING TO DUMP AFTER THIS RUN
WHAT WILL IT DUMP TO
DO I BUY AS MUCH AS I POSSIBLY CAN

>> No.24125984

>>24123520
Better to sell too early than to sell too late.

>> No.24126071

>>24125965
The amount of people saying it's going to dump is the reason it's not going to dump. Because of all of the macro, I expect it to crab around 20k for a while, then begin it's inevitable and gradual rise to the literal moon.

>> No.24126093

>>24125965
probably not gonna dump. just DCA in

>> No.24126128

>>24125957
what i was trying to explain it to that retard is that the protocol itself is completely unaware of the social construct people call a "coin".

the bitcoin protocol only handles integer numbers and the unit of those numbers we call sats but the bitcoin protocol calls them "amount"

/** Amount in satoshis (Can be negative) */
typedef int64_t CAmount;
static const CAmount COIN = 100000000;
static const CAmount MAX_MONEY = 21000000 * COIN;

>> No.24126339

>>24123534
>Elon starts asteroid mining

gg

>> No.24126475
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24126475

Hey guys, I want to trade bitcoin for GOODS AND SERVICES instead of money, where can I do that?

>> No.24126543

>>24126475
in my life I've only actually used bitcoin on sports gambling websites and donating to neo-nazis.

>> No.24127144

>>24124443
And there's nothing you can buy on Amazon that you can't buy somewhere else (except possibly that Hunters series about Jews torturing white people)