/biz/ - Business & Finance

[Anonymous No.24984252]

BTC Maxis have to be the dumbest motherfuckers on the planet. Their shitcoin pumps for a few weeks and they think it's a new paradigm and surely this time altcoins will all bleed to zero. Maxis don't even understand their shitcoin can't maintain the 21 million cap without killing the chain. YOUR PIECE OF SHIT CHAIN DOES NOT GENERATE ENOUGH FEES TO SWITCH TO ZERO BLOCK REWARDS. Fucking garbage dinocoin

[Anonymous No.24984285]

you just win

[Anonymous No.24984361]

>>24984252
imagine calling btc a shitcoin
what's in your bags?

[Anonymous No.24984494]

>>24984361
75% ETH 15% DEFI tokens 10% BTC. I own a bit of bitcoin just because I'm aware that dumb money will flood it first before sloshing to lower market cap coins, but I only hold BTC begrudgingly. It is a shitcoin of the highest order.

[Anonymous No.24984681]

>>24984252
why even bother making these threads? your fud is not going to move the market. BTC is king whether you like it or not, and largely dicatates the rest of the crypto markets

i agree it is a shitcoin but it is the first and the biggest and it isnt going away any time soon

[Anonymous No.24985222]

>>24984681
why even care about this shit at all? miners will be rewarded for at least another hundred years

[Anonymous No.24985328]

>>24984494
God this board has been super low IQ lately

[Anonymous No.24985344]

>>24984494
Have fun getting scammed lol

[Anonymous No.24985426]

>>24985328
ETH is high IQ moron. BTC is the low IQ play. But it's high IQ to understand that low IQ monkeys will buy BTC and not ETH because its simpler to understand and they fall for FUD. There are far fewer smart people than there are monkey people who ape into BTC. So Long term it's smart to hold ETH as it will eat up the financial system. Short term it's smart to hold some BTC because the vast majority of people are idiots who buy BTC

[Anonymous No.24985439]

REAL money is in Ethereum right now. As normies flood Bitcoin in a late attempt to FOMO, smart traders are selling their BTC to these dumb ass normies for Ethereum and alt coins in anticipation for Ethereum to finally catch up to BTC.

[Anonymous No.24985535]

>>24985426

infinite supply with a centralized autistic point of failure and a large vulnerability space

[Anonymous No.24985581]

>>24985535
You are low IQ exactly what I said. You fall for the dumbest FUD and you don't even realize BTC will not have a capped supply forever. It cannot keep the 21 million promise that garbage chain does not generate enough fees to remove block rewards. You are an ignorant nigger monkey

[Anonymous No.24985635]

>>24984252
>for a few weeks
2009-2020 gains are best performing investment in history of man.

[Anonymous No.24985636]

>>24985581
>waaaa btc can't work because in 100 years there might be a technical difficulty

shut up loser

[Anonymous No.24985664]

>>24984252
Exactly after 21 million BTC is worthless as your transaction fees will literally eat up your stake. You think gas fees are high on ETH. Try $10,000 a transaction with BTC after all the miners leave.

[Anonymous No.24985665]

>>24985581
he's back. sleep good last night?
remember how bad you got btfo in yesterdays thread when it pointed out over and over that a fee market will easily develop, difficulty adjustments, taproot, etc
You left that thread crying as i remember.

[Anonymous No.24985760]

>>24985665
Wrong. I answered everyone's questions in a clear and concise manner before I had to go. I think 1 hour of blowing out maxis was enough time to give people answers but apparently you can't fix stupid.

The entire "fees are enough to sustain BTC" is a maxi lie. The current security budget structure was built around the use case of P2P CASH. Bitcoin cannot fucking scale to those levels to support that. Miners will not get paid enough, you need block rewards to maintain a miimum viable level of security. Get your head out of your fucking ass

[Anonymous No.24985808]

>>24985760
>Bitcoin cannot fucking scale to those levels to support that
It is supporting it currently. miners *are* profitable
>hurr durr....but they won't be in 32 years so thats why I'm not investing.
this type of thinking (total sperg retard) is why your family has been poor for generations.

[Anonymous No.24985837]

>>24985808
Miners are profitable thanks to block rewards dumbshit. Bitcoin generates fewer fees than fucking Uniswap. Pathetic fucking cope. You are basically agreeing with me that the coin is actually dead in the water but you're buying now because you expect others to buy into your ponzi. You can use that same logic to defend BitConnect or any other worthless scam. Good luck with that.

[Anonymous No.24985899]

>>24985837
>spergs out more about 2040 timeframe
sad

[Anonymous No.24985923]

>>24985899
sooner than that cuckboy

[Anonymous No.24985960]

>>24985923
>one of these days you'll stop making 300% per year...and on that day I'll have won
ok

[Anonymous No.24986007]

>>24985960
>>24985960
You keep making your "300%" holding BTC, which is a provable scam and has an expiration date. Holding literally any other coin has already made people more money and will continue to. ETH for example is beating BTC in returns YTD and will continue to do so, and is not a fucking scam.

[Anonymous No.24986344]

>>24984494
Oh wow you must be so smart. You hold BTC and when you make money you'll be smug that you're a genius for seeing bitcoin before others. If it fails you're gonna be saying that even though you lost money you always knew it was shit. You've got some insurance both ways so you can seem like you're a savant. You are what's known as a narcissist.

[Anonymous No.24986396]

>>24986344
It's called hedging your position based on probabilities. BTC is a failed project but dumb money will probably pump it so you should still hold a bit just in case. ETH has consistently outperformed BTC and is actually a project with a future so it's best to hold a majority of your position in ETH. It's pretty simple

[Anonymous No.24986812]

Satoshi 2008:

"For transferable proof of work tokens to have VALUE, they MUST have MONETARY VALUE.
To have MONETARY VALUE, they must be TRANSFERED within a very large NETWORK."

High fees hinders adaption.
Slow speed hinders adaption
Only hodling creates not a Network effect.
Only hodling creates not huge transactions amounts.

Only hodling creates no monetary value and therefore it can't be SOV too.

BTC of today is a Ponzi.
Buyers are only waiting for the next fool to buy higher.

[Anonymous No.24986816]

>>24986007
ETH already rugpulled years ago and admitted it's a scam. The foundation rolled back the chain to protect Vitaliks funds at the cost of regular users. They constantly dump on the market to "fund development" but this supposed development never accomplishes anything except buzzwords and bad theater like rap songs consisting only of buzzwords.

[Anonymous No.24986874]

>>24986816
Holy cope. ETH literally launched proof of stake a few weeks ago and you don't think they're funding development? BTC is "number go up" marketing and technology. At least ETH is trying to be globally scalable.BTC is a pack of lies and won't stand the test of a global reserve asset. It is a fucking joke.

[Anonymous No.24986969]

>>24986874
Proof of stake has never worked and will never work, economic incentives bleed the coin and the mechanism provides no security. There is no chance of ever scaling ETH. It's all a marketing scam for gullible brainlets like you. I bet you fell for all the scams, BCH, BSV, XRP etc.

[Anonymous No.24987038]

>>24986969
Show me a POS chain that got attacked motherfucker.
And if ETH can't scale - others already can.
Idiot

[Anonymous No.24987043]

>>24986969
>>24986969
Proof of stake
1) Is more decentralized than proof of work - anyone can join as long as you own coins for that network, you don't need expensive mining rigs that last only 6 months
2) Actually punishes people for trying to attack the network - you stake your coins and you lose your coins if caught. Proof of Work has no punishment for attacking the network you can attack over and over again

Proof of work is too fucking slow and wasteful. I feel sorry for you, please get an education

[Anonymous No.24987073]

>>24987038
Show me a PoS coin that doesn't have the exact same price pattern of bleeding to death.
>>24987038
>others already can.
Yes BTC with further development. No shitcoin has solved anything so far. All they've done so far is take your money.

[Anonymous No.24987094]

>>24986812
>BTC of today is a Ponzi.
>Buyers are only waiting for the next fool to buy higher.
Brainlet. Holding today is the same as buying today. And many longtime holders are still active buyers such as myself.

[Anonymous No.24987108]

>>24987043
>my fantasies are relevant to reality
Nope. Show me this working PoS token that outcompetes PoW tokens. It's a fantasy people like you have jerked off about for 7 years with no results.

[Anonymous No.24987224]

honest question: is ETH dying? i've held it for two months and noticed 1. it keeps bleeding sats and 2. it cannot ever stay above $650 no matter how high BTC goes...

[Anonymous No.24987266]

>>24987094
Even Satoshi himself would call you an idiot today.

[Anonymous No.24987348]

>>24987224
honest answer: it's more alive than ever. highest amount of transactions, of users, of value used, of developers, working dapps
uniswap does more volume than coinbase, and only one of these two do not allow for 0 fee washtrading
we're just getting started on defi and nfts. once true generalized layer 2 solutions are workable, the sky's the limit
btc can keep going up in the short term as tether printing goes overdrive
at some point bitfinex will go bust, all of crypto will crash but btc likely won't recover as well as eth after that

[Anonymous No.24987364]

>>24987108
Cardano will melt your uneducated , brainwashed maxi faces next year.
Extended UTXO based POS .
Thouthand times more decentralized.
Million time more energy effincy .
Highly scalable .
Self substainable .
New dimension of governance and smart contract design.

R.I.P stupid BTC maxis.

[Anonymous No.24987569]

ETH devs presenting their plans to investors.
https://www.youtube.com/watch?v=j7MeJionPMA
>>24987364
Almost every single shitcoin dev has said the exact same thing for years. The reason I didn't buy in 2011 and why I was hesitant in 2013 is because I believed alternatives like PoS networks would outcompete BTC. That's an even more naive and uninformed position now than it was then.

[Anonymous No.24987611]

>>24987569
You're bragging about not having bought ETH in 2011-2013? You would be many times richer if you had bought ETH instead of BTC. Fucking brainet

[Anonymous No.24987663]

>>24987569
You don't build a scientific based project from scratch in 6 month.
Of course it takes several years to develope such sick tech.
But it's close to be finished.
Q1 is the date.
Then you will have a fully featured high tech blockchain that was never build before.
Watch closely next year.

[Anonymous No.24987690]

>>24984252
cope

[Anonymous No.24987741]

>>24987690
Elon Musk will not buy BTC and I will eat my own fucking shit if he does. Maxis are fucking pathetic they're so eager to sell their shit to large players. You're becoming your own fucking enemy wanting to whore bitcoin out to banks and institutions. PAthetic

[Anonymous No.24987793]

>>24987611
>completely illiterate BSV faggot keeps yapping as if anyone cares what a dog yaps about
I'm telling you your beliefs were widespread almost a decade ago and have only become rarer as they're demonstrated to be false over and over.
>>24987663
Same as every shitcoin said every quarter for 7 years to pump their bags. If you have a better solution you need at least 2-5 years to prove it. The only reason any project has to build hype like that is to pump their bags. Instead of paying attention to real development like being done on BTC you fall for buzzword hype every time.

[Anonymous No.24987867]

>>24987793
what is false about proof of stake being better? It is by every measurable metric. Even price appreciation, BTC is losing against proof of stake coins.

[Anonymous No.24987886]

>>24987793
The last thing i think of when it comes to innovation is BTC.
lmao
You have really zero clue what beast will hit you next year.
Funny as fuck.

[Anonymous No.24988199]

>>24985426
>ETH is high IQ moron. BTC is the low IQ play.
You do realize you are not high IQ. Hence your confusion and low IQ portfolio. Nice cope.
/thread

[Anonymous No.24988248]

>>24987867
>BTC is losing against proof of stake coins
Only in your delusional fantasies. They all have the same death spiral charts as ponzis because that's exactly what they are. It gives a flimsy appearance of security while doling out rewards to people for doing nothing. You don't even need to be invested in the project, all a government has to do to take control is seize enough tokens. To do a similar attack on PoW they have to run a growing mining operation with seized equipment for a long time until they seize enough so the attack is feasible. By that time they've invested insane amounts of electricity.
>>24987886
>The last thing i think of when it comes to innovation is BTC.
Because you don't know what innovation looks like and only follow narratives made to extract money from you.

[Anonymous No.24988388]

>>24988248
you are such a fucking brainlet my god. good luck with your dinocoin bitcoin. it is a waste of time talking to you clearly. You can't fix stupid.

[Anonymous No.24988568]

>>24988388
Says the guy who was probably convinced Craig is Satoshi a few months ago. Before that you were convinced that big blocks would solve everything and now it's PoS because latest buzzword.
Tether is a scam that's pumping Bitcoin, correct?

[Anonymous No.24988613]

>>24988248
Be glad governments support blockchain innovation.
If not they would simply put you in jail for 20 years by owning Bitcoin.
Would you still buy Bitcoin when the risk is there to go to jail for 20 years?
Fuck your censorship resistant fairytale .

[Anonymous No.24988625]

>>24984252
In the last week Doge has outperformed bitcorn almost 2:1. Makes me want to say something like
>Such kek. Many poomp.
I bought like 32k over the week and it's up 25 bucks or something.
Not a huge deal but the idea that doge pumps to like 50 cents or a dollar and I make 30k off Doge is some satisfying.

[Anonymous No.24988661]

this is the real maxi shit

[Anonymous No.24988748]

>>24988613
Yeah probably would the same way I bought pot all the time when it was illegal in my state. Fuck the police and government xD

[Anonymous No.24989259]

>>24988613
Before Bitcoin there were many projects with the equivalent security of PoS tokens. They were all shut down by governments, Satoshi even mentions them.
After Bitcoin governments "support blockchain innovation" because they were forced to. If we don't have the leverage anymore they're not forced to "support it".

[Anonymous No.24989695]

>>24984252
>I'm aware that dumb money...
OP doesnt know he is the dumb money

[Anonymous No.24990066]

RIP OP

[Anonymous No.24990090]

>>24984252
stay poor faggot

[Anonymous No.24990254]

>>24987741
>"maxis are dumb to get rich people to buy in"
you would love if PTJ or Blackrock even mentioned ETH in passing...

[Anonymous No.24990581]

>>24984252
>they think it's a new paradigm and surely this time altcoins will all bleed to zero
Thats exactly whats going to happen.
>DOES NOT GENERATE ENOUGH FEES TO SWITCH TO ZERO BLOCK REWARDS
This doesn't matter until 2140.
Shitcoiners will feel the real pain in 2021 when the BTC dominance goes back above 80%.

[Anonymous No.24990927]

>>24990581
>BTC.D above 80%
AHAHAHAHAAAAAAAAAAAHAHAH

Stay poor holding Bitcoin idiot. Even fucking cripple will outperform BTC during a bull market. You have to be a brainlet to hold BTC

[Anonymous No.24991150]

>>24990927
2017 will never come back. Back then there were 2000 altcoins, todays its 8000 and every day a handful of new scams get released.
The chance to hit the right one is getting lower and lower, so most people won't bother with alts.
If BTC is not exiting enough in terms of price movement it is strightly better to just use leverage instead of buying the flavor of the week altcoin scam.