/biz/ - Business & Finance

[Anonymous No.5488834]

>60-250 billion dollar market capitalizations
>zero real-world utilization
>zero practical utility
>zero function
>competition among THOUSANDS of identical currencies

How delusional do you need to be to really believe these are fair prices? These pumps will create 1,000 bankruptcies of the poor for every millionaire.

[Anonymous No.5488889]

>>5488834
>1,000 bankruptcies of $1,000 each.
Plain math.

[Anonymous No.5488906]

>>5488834
Its pretty much what Cryptos are.

Its literally just a one way transfer of wealth. From Boomers to Banks, and the few neets that get in on a coin before the banks start manipulating it.

I mean its no different than some stocks. But its pretty blatant with Cryptos.

[Anonymous No.5488910]

>1,000 bankruptcies of the poor for every millionaire

Yup. Who cares.

-sent from my S65

[Anonymous No.5488951]

>>5488889
you're assuming millionaire = 1 million. the people doing the hoodwinking aren't making 1mil off you, they're making 100 or 200. also if someone's networth is -35k, what do you think a month's salary crash does to them?

protip: homelessness.

[Anonymous No.5489011]

>>5488834
blockchain technology is amazing, and the potential of a lot of these trademarked technologies (crypto coins) is amazing. It's more akin to early adoption.

[Anonymous No.5489326]

>>5488910
WTF is an s65

[Anonymous No.5489383]

>>5488834
functionality is only tested at levels btc is used. everything functions fine with small userbase.

there are plenty of real world use for btc currently. not retail shopping but other use

[Anonymous No.5489397]

>>5489326
Spotted the poor.

[Anonymous No.5490068]

>>5489011
>It's more akin to early adoption.

but where is the 400 billion dollar market cap going towards that "early product adoption"? NOTHING is happening. NONE of these currencies are being used for any purpose other than profit-taking.

this is going to be a DISASTER very soon.

>>5489383
lol. you just admitted how empty and vapid a 400 billion dollar market cap currency is. you know this makes no sense. we're all here for the profit-taking. there is nothing keeping any of this afloat except delusions of millionaire-dom.

[Anonymous No.5490166]

none of this tech is ready. major wallets still get delivered in zip files, and most exchanges are scams.

we are due for MAJOR crashes into 2018. I'm not saying don't invest, but do keep your eyes open for the signs of the impending crash. and it will happen across the board, on every single currency, and exchanges will liquidate with people's money overnight.

[Anonymous No.5490379]

>>5490166
You realize it's gonna be this, right?

[Anonymous No.5490857]

>>5490068
well that's just a lie. If you keep up-to-date on any sources of crypto-news you see a billion daily announcements of projects being initiated between blockchains and private companies.

Might be a bubble sure, but I think a lot of crypto-doomsayers don't quite factor that these currencies are globally traded and used. E.g. in the west bitcoin core might establish itself as the index "storage of value" coin, or it crash as it didn't quite succeed in becoming a viable direct currency. Even then though, it might still be viable product for the 2 billion people not yet part of the financial markets, or a storage of value for the wealthy class of developing nations.

[Anonymous No.5490903]

>>5490857
>well that's just a lie. If you keep up-to-date on any sources of crypto-news you see a billion daily announcements of projects being initiated between blockchains and private companies.

someone's never seen how penny stocks operate. they use exactly this technique to keep your delusion afloat just a bit longer. tiny, micro-sized announcements that add up to absolutely nothing and dissolve overnight. Name ONE single substantial announcement. Name one even for BTC. I'll wait.

[Anonymous No.5490919]

>>5488834
Nice just bought 100k

[Anonymous No.5490927]

>>5490857
>Might be a bubble sure, but I think a lot of crypto-doomsayers don't quite factor that these currencies are globally traded and used. E.g. in the west bitcoin core might establish itself as the index "storage of value" coin, or it crash as it didn't quite succeed in becoming a viable direct currency. Even then though, it might still be viable product for the 2 billion people not yet part of the financial markets, or a storage of value for the wealthy class of developing nations.

>might
>might
>might
>might

With no evidence of that happening or being feasible in even the long term, based on the current state of the technology and how terribly it works for the end user.

[Anonymous No.5490996]

>>5490166
>being on exchanges
one step ahead senpai.
ETH price target still 5k, 2020

[Anonymous No.5491193]

>>5488951
their fault for being retarded. the fuk you doing being -35k in the first place, let alone thinking it'll then be good to invest in crypto.

[Anonymous No.5491239]

>>5490903
this isn't penny stock. The names and profiles of the individuals who make up the development teams are publicly paraded. These people are subject to public backslash and legal action in case of obvious mismanagement.

>Name ONE single substantial announcement.
literally google "ripple banks"

[Anonymous No.5491310]

>>5490927
Nor any evidence of the contrary. The future is uncertain, not the least when we're talking about disruptive technologies.

[Anonymous No.5491324]

>>5491239
>These people are subject to public backslash and legal action in case of obvious mismanagement.

lol the delusion. Take a tour around penny stock forums. You can probably find quotes of things you've said there.

>literally google "ripple banks"

literally google "Trial run". Every penny stock does this same thing. "Just a big longer, we're running more trials. You'll see something meaningful soon senpai." It's a carrot on a stick.

[Anonymous No.5491592]

>>5491324

>lol the delusion.

Yeah ok I'm done. Don't start a debate if you don't want to actually debate but just went your anger. It doesn't contribute anything to anyone.

[Anonymous No.5491664]

>>5488834
It's funny, my dad raised me to invest in things that I believe in, specifically products that can change things...

But I remember as a kid, asking for this puppet for christmas one year...

[Anonymous No.5491766]

>>5491592
why would you think any of ripple's organizers are beholden to anyone? they cash out and live on a yacht. they have nothing at stake. what makes you think they can be held responsible for fraud, or lying?

[Anonymous No.5491846]

>>5488834

There is one coin that is about to make crypto technology a lot more useful.

Don't even have to say the name. Accumulate

[Anonymous No.5491897]

>>5488834
>Ripple
>Used by banks
>Governments looking to implement distributed ledgers
https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/492972/gs-16-1-distributed-ledger-technology.pdf

Just buy ripple, it's the future. Plus with jews you cannot lose.

[Anonymous No.5491958]

>>5488834
lol btc has real world use you fucking retarded newfag.

[Anonymous No.5491999]

>>5491846
>just one

[Anonymous No.5492018]

>>5488834
>believe these are fair prices?
who's forcing people to buy/sell, faggot? looks fair to me

[Anonymous No.5492048]

>>5488951
>the people doing the hoodwinking aren't making 1mil off you
the people doing the hoodwinking haven't made a single cent off of me. 3 months in and i still have yet to sell at a loss. eat shit.

[Anonymous No.5492058]

>>5491324
>Every penny stock does this same thing.
>Comparing ripple to penny stocks

[Anonymous No.5492605]

>>5488834
And the people who go bankrupt fucking deserve it. They are not animals or children you need to protect. Let them make their decisions out greed and live with the fucking consequences.