-- ATTN: NEWFAGS --i am making this thread to save you.Do NOT buy shitcoins.Bitcoin is about to nuke upwards. Why? Read the news and inform yourselvesDid you know that you are about to lose a lot of money in these coming months? Well, let me inform you that bitcoin is the only "crypto" that's worth your money. It is backed by a big expensive network of computers. It is an invention. It is the most significant financial instrument created by humans, ever. It is absolute scarcity in digital form. That's why it has only gone up for like 15 years. It has a 100% recovery rate from BRUTAL dips (-80%) and it outperforms almost everything. Only 1 in a million shitcoins ever recover to their previous ATHs after getting nuked from orbit in bear markets (downtrends)Are you ready to part with your money?Feel free to ask BTC chads anything ITTShitcoiners, please be so kind as to find another thread. There are 100+ shitcoin threads in the catalog. You don't need these newfags with their $10 and $100 buy-ins
BTC is controlled by blackrock now.
Why would it pump now specifically?
Newfag here. I bought truml and solana from my leftover eth i had mined years ago. Probably gonna sell in the next 1-3 months before the trump teams tradelock is lifted. Assuming i made a profit can i just put it all into btc right away or should i wait for a dip? Thanks
>>59629478true>>59629488>BTC is controlled by blackrock now.Bitcoin is controlled by mathematics.
>>59629488it's not, and the IBIT buyers are individuals who bought ETF product. It's not like Jew Finklestein owns it all. Individuals are free to sell their bitcoin ETF >>59629490Because >everyone with large amounts of money understands bitcoin is the play >BTC is risky enough as it is (to those people)>Only BTC can absorb the insane amount of money that's about to flow into it If you are filthy rich you can't even buy most of the shit in the top 100 because you'll create such a fucking pump that you' end up buying at awful pricesLarge amounts of money need as packed an order book as possible (lots of sell orders close to the current price)Yes OTC buying is possible but to what extent are they going to buy shitcoins OTC?Shitcoins inflate like hell and BTC has a fixed supply most of which is already in circulationSolana already reached its ATH in market cap LONG before it went above its previous ATH when it went to $250. because of inflationNobody has an apetite for this kind of inflation during bear markets.
>>59629478I hold btc on fidelity crypto. I know the not your keys not your coins meme but fidelity is a giga capitalized investment firm and they do own 206k btc for their ETF.
>>59629478Newfag here. I would be to the advise quality coins like PEAQ and KREST and Chainlink. Many good things.
>>59629478THERE IS NO SECOND BEST
Preach it man. So many new fags getting sucked into the XRP hell hole. 100k bitcoin is making the poors feel priced out so they buy the cheap knocks offs instead. They should switch to sats pricing on cuckbase. But too bad brian armstrong is a shitcoining salty big blocker.
>>59629478Larry fink is going to add tail emissions to your BTC meme coin in 2028 and you will thank him for the opportunity.
>>59629519You're not really a newfag if you once mined ETH. congratulations and I hope you have some profits alreadyTo answer,you can buy BTC at any time, and realistically, nobody can predict the top. A dip may never come, as weird as that sounds. You see, there is a possibility that it just keeps going up, with only -30% or -50% retracements along the way. That's what the S&P index looks like. -30% to them is like a holocaust. Will -80% happen again after huge money is involved (like it is now)? Maybe. Maybe not. Moreover: at what point do YOU decide if a dip is enough of a dip? You may think it's going lower and end up never buying.Regardless, even lump sum investment is 'safe', considering BTC has ALWAYS gone above its previous ATHs. In worst case you might have to wait 2-3 years to see your money return. That's why DCA is such a powerful strategy. Price agnostic buying, over time. Bitcoin is the best performing asset in history. That may end. It might really die some time for real. But in this particular space it's your safest bet. (If you want something safer, buy S&P500 or VOO or something)IMO $Trump is going to fucking shit the bed way before 1-3 months, I exited yesterday but I am experienced. (Experience means that you have fucking suffered, and unironically have PTSD from the drawdowns.) It's too hot and whales have way too large profits. It's not on large exchanges so they have no exit liquidity. Plus it's a cult of personality based on Trump.I advise you not to buy any shitcoins at all if you are new. Everything in the top 100 below #1 is a shitcoin. Yes that includes XRP, ETH, SOL, Fartcoin, PEPE and SPX6900.I hold some shitcoins but I know what I am doing. And despite this I can get nuked at any time. That's why I hold a very small % in shitcoins.
>>59629490Nationstate adoptionTrump said build bitcoin reserves, US states doing samePutin said can't trust USD and that no one can stop bitcoinImmediately, the trump inauguration
>>59629592IndeedAnons. Bitcoin can easily 10x from here. You don't need a shitcoin rollercoaster for a 10x. Yes $1M BTC is possible THIS cycle depending on how crazy things get. I'm not calling for $1M but it's possible.
Bitcoin doesn't have a CEO to fuck it up. Bitcoin is not a cult of personality. If Vitalik the WEF pedo dies, what happens to ETH? If the creator of Solana gets arrested for CP what happens to SOL? Admittedly, Bitcoin has large popular figures like Saylor whose involvement make it seem like a cult of personality. But all the main characters have already died in previous cycles and BTC is still here, fucking up every asset on earth.
Investing in "interesting projects" is how you lose money, please believe me. Just fucking buy bitcoin
>>59629478100% OP, this board has been overrun by poor pajeets shilling their vaporware shitcoins.Bitcoin is all a portfolio should be, diversifying a small amount to physical gold/silver if you feel like it. 5% allocation MAX if you feel the need to buy some shitcoin, but never hold long-term. Stack sats.Ark, Nano, Drgn, Digibyte, Mona, so many anons were bled dry losing -98% of their portfolio holding these shitcoins back in the day. They were so sure of themselves. Ah, the memories.>Bitcoin + physical gold/silverAll you need
>>59629651That's fine: you want to gamble on worse assets. Kindly get leave this thread and return to India. This thread exists to save newfags who are flocking to this board and are about to lose ~60% of their money because POTUS has launched a fucking shitcoin.
>>596294780 use case, 0 utility, slow tx speed and about to become a boomer stock controlled by wall street and big institutions. I'm looking for something with more potential and bit coin is not it for me.
>>59629478I have 500k in life savings...should I go all in on btc right now? 500k will net me around 5 btcs...is 5 btc enough?
>>59629608Mining shit and just having it there is still more normie than this board but thanks for your advice fren. Trump is actually on the large exchanges but the "normie bump" people have been drooling over doesnt appear to be that big so i might just exit as well.
>>59629613>>59629659You have good hearts anons>>59629666Fuck off nigger digit timer, I see what you're doing. Go eat cowshit in india. Delete your post>>59629669Going all in (lump sum investing) is high risk. Nothing is a sure bet, anon, despite the FOMO you may feel. But DCA is risky too - in the sense that you potentially have much smaller gains (you would be buying smaller amounts while it continues to go up)FWIF I lump summed a top once and since it's BTC it's fine... but I sure as hell didn't like being down and wished I'd had more fiat to DCA during downtrend.500k in BTC is absolutely degenerate. Or let me rephrase that: 100% of your money in BTC is not going to make you happy. Red candles and red months happen too. You want to see casual -100k? I dont think so.If I were you, I would begrudgingly DCA. If it goes up a lot, I'll make less money, but I understand that it's a law of nature that things eventually will see a downtrend again.Trust me that casual -30% is not fun to sit through. Nevermind -80%. Alternatively you can do a nice lump sum to the tune of 1 BTC and then start a slower DCA. This depends on what your money is doing elsewhere (is it invested and generating profit?) + what you may need your money for in your life. If you are quite certain that you're not going to need $100k in the next 4 years, it's an option.What is a "slow" DCA? Well you can buy $50 every day or $1000 every week. it's up to you. Or you can buy up red candles whenever they appearHistorically, price agnostic buying has been a great winning strategy.Hope this helps you in some way.
>>59629478>why? read the news>feel free to askkys nigger
>>59629708Come on nigger I'm not going to write the whole fucking book for you. I'm already doing this for free out of the kindness of my heart. Why is it going up? Because it has done nothing but go up for 15 goddamn years ok? Good enough?
>>59629666Cool. Fuck off if you’re low IQ.
>>59629478>>59629576>>59629647>>59629648Bitcoin is only the best blockchain.There is one crypto that is more important than any blockchain.>>59629669Assuming this is serious, please don't go all in at once on ANYTHING with your life savings.Dollar cost average and diversify (and not just into crypto).
>>59629623a 10X isn't gonna change anything for me. you're funding your own bags here lol.
>>59629669I sold my house and bought at 64k last cycle top and the pain was immense. However my conviction was so powerful i keep buying all the way down to 15k and all the way back up to double my stack over the last 4 years. Now im a multimillionaire.
>>59629742Get cancer and die, homosexual. I don't need a bunch of 4chan newfags and poor retards like you to pump my bags. Stay poor>>59629744Kek. That's wild if true.
i just sold all my BTC at 105K
>>59629744To add to this anon's contribution: You (not (You), but the newfags) may see the chart now and notice that it has only ever gone up. You may think "fuck it, I'll bite the bullet" and "accept a potential -80%"Well like he said the pain is immense. It takes conviction and strength to survive such drawdowns. Im not kidding either that many bitcoiners (altcoiners especially) have PTSD
Once you get this deep into game theory, energy, proof of work, power projection. You try to get as much of the most valuable thing that will ever exist in the universe.
>>59629779It do be like that. Thanks for coming in the thread and potentially saving some newfags
>>59629757Going to regret that forever
>>59629753>bitfucks randomly get extremely aggressive because you don't have a spare 100K laying aroundalright, see you at zero then.
>>59629799I outlined in my OP that this thread is not for shitcoiners fool. You decided to come here and cry about the best asset in history not being good enough for you. You want to gamble, go ahead. Get the fuck out of here and go post in one of the 100+ jeet threads in the catalog. Get rekt while you're at it. Muh 10x is not enough. You're the one who accused me of something absolutely insane so I'm free to abuse you. Nigger
Bitcoin is backed by $9 Billion worth of ASIC hardware today. 0.43% of its marketcap. And thats retail price, imagine factory. All made in one country. Dont fall for the bitchuds buy a real decentralized coin Ticker: LINK
>>59629814you hold your dino coin and ill hold the standard, we can get back together in 5 or 10 yrs and see who is right.
LINKfags as seen above deserve nothing but poverty. They are desperate bagholders involved in a cult of personality whose organization mercilessly dumps its vaporware tokens on investors, causing them intense financial pain. They believe in fairy tales and propaganda. Chainlink relentlessly shills on /biz/. The same phenotype of cultists who buy GME and XRP are also in chainlink. Never buy chainlink if you read this thread and are a newfag.Webm shows you where the money invested in chainlink goes to: HR roasties who do absolutely fuck all get paid a ton of money, provided by /biz/ cuckolds
>>59629862>Never buy chainlink if you read this thread and are a newfag.You overplayed your hand here. Everyone can tell that you hold link
>>59629862Context: The cult chieftain of chainlink is a fat russian scammer who forced this roastie to make her IG account private after "investors" (bagholders) became outraged at how the organization evidently wastes their money
>>59629875Yes I could smell the stink in your first post but you gave him good advice (to not yolo all in). I'm free to hold whatever I want because I understand the risks and pain associated with it, and I assume you do too. I have never, not once in my life, thought of buying into that dogshit cult of personality. You see newfags, /biz/ is full of people who bought that piece of shit real early, and while they are sitting on gains they have been wildly outperformed by Bitcoin. This makes them very salty. The price of their investment is the same as in january 2021. That's pretty sad if you compare it to bitcoin.
>>59629916>thought of buying into that dogshit cult of personality.There is no point in saying this. If you are misdirecting from your massive LINK bags, it doesn't fool me.And the alternative is that you don't understand the potential of the most important invention since the internet. Either because you aren't smart enough or you choose to remain ignorant. At least give an actual concrete argument against it if you're gonna come off looking so clueless.
>>59629647Pretty much the only thing I like about BTC. What do you think would happen if satoshis identity got released, the gov and banks must know who he (they) are, there's no way there would be ETFs if Satoshi is truly anon.
>>59629875Behold! A Chainlink paid shill pops up out of the woodwork to try to gaslight you into believing that not only do the Link bagholders hold Link, but the people who say Link is a bad investment also apparently hold Link. You can't make this stuff up folks. These people are deluded.
>>59629916Also, I didn't start buying LINK until less than a year ago lolI came into the crypto scene after making a lot of money in stocks, did my research, and quickly settled on link and btc as my two buys (before ever discovering /biz/ btw)
>>59629916You might as well give up on 4chan and bitcoin. /pol/ cant even grasp bitcoin defeats the jews. Biz is fiat brained goldfish who can hold a coin longer than a week without chasing the new shiny turd for their lotto ticket to 1000x gains. Bitcoiners have moved to nostr. Best just exit leave them be.
>>59629943Kek. Yes they are awful people. Enough has been said about link. they'll try to make any thread into a link thread. >>59629941I wont pretend I have any idea what would happen in that scenario. I'm just a pleb buyer of bitcoin after all. I agree that some people probably know who he is, but even that might not be the case. If he is or was really that good of a cryptographer etc., he would probably know much better than anyone here how to remain anonymous online.I do think it would be "sub-optimal" because, just like you and many/most other holders, I like that BTC is not strongly associated with any person. But this is just an opinion and it might not affect BTC at all
>>59629947I hear you king. You're not wrong. But even if this thread resonates with only 1 out of 100 newfags/lurkers, it's worth it to me
>>59629488If the owned 51% of the supply then yes, but they don’t even own 10%
>>59629592This happens every cycle. Bitcoin reaches ATHs, and select shitcoins generate narratives and hype. The narratives are always well-written, but the fact is that 16 years and trillions of investment into crypto and there’s only one real major use case: BTC as a store of value. Betting on something else changing the world is just gambling.
>>59629666Despite Bitcoin volume being at an ATH transaction speeds are still ridiculously fast + cheap.>10 minute transaction time for $.29To send millions, anywhere, is insane.The rest of your post is so retarded I won’t respond to it, but the taproot and lighting upgrades were amazing for Bitcoin, shit just works.No wonder institutions and countries are clambering to buy it up.
>>59630108OK, I've had enough of these absolutist statements. Monero is the cryptocurrency of dark web drug markets. Let's not pretend NOTHING else interesting exists just because bitcoin is the best speculative investment.
>>59629669It’s never a bad time to buy. BTC is a long term hold. It may drop 50% at peak bear market, but it WILL go back up. It’s literally programmed to trend upwards overtime. If you’ll panic sell, it’s not for you.
>>59629947/v/‘s hatred for crypto is hilarious, they get pissy because mining crypto is part of the reason GPUs are so expensive. /v/ has always hated crypto more than any other board and it’s funny watching them seethe
>>59630150>real MAJOR use caseOther use cases are just self-perpetuating (like Eth), or very niche. Monero is niche. I’m talking about people who thought Link, XRP, PARSIQ, Kleros, etc. were going to change the world.
>>59630176People cant grasp how early we still are compared to every inflated asset class.
>>59630005how much are they paying you?
ETHEREUM IS INFLATIONARYOver 1.2 BILLION has been added to Ethereum’s total supply in the past year.Ethereum has had piss-poor performance for a long while now. They told us the new burn-system would help, it didn’t. They lied.FUCK Ethereum, Bitcoin only.
>>59630150You make a fair point here - that something worthwhile does exist besides Bitcoin. it facilitates privacy which bitcoin doesn't. We often forget this because it obviously doesnt have a good track record as an investment. other anon has already clarified his position and I had the same idea. the world changing SWIFTbanking ISO0239029maxxed fugazi is all trash, and it's not right to lump monero among them>>59630207kek my irl friends who identify as gamers suffer from the same mentality, NGMI is their middle name. /v/ is pretty funny though they have good humor>>59630282I do it entirely for free sir
alright I'm going to bed hope this thread has been informative to any newfags. pretty based collection of anons here itt
>>59629947>nostrsounds like a hub for pedophiles
>>59629592>sats pricingI would prefer to see something with its unit equal to 1/100 of a bitcoin .. call it a bitcent or something.
>>59629705>FWIF I lump summed a top onceSame. I dropped 90% of my savings into BTC when it was around $69k in May and then Germany happened and brought us down to ~$50k (~-30%) for a bit, but I held and am doing fine. The -30% didn't bother me at all, but a -80% probably would have fucked with my head.
Is buttcoin gonna crash or dump after Drumpf's inauguration? This is import guys. Do I cash in the chips or HODL!!!111
>>59629478what stupid advice. if a normie buys bitcoin for 1000$ and bitcoin would reach 140.000$ in this bullrun, then you would have made at most 400$ profit. btc is way too high for normies.rather buy doge now at 40 cent and sell at 80 cent, then you have at least doubled. if you are brave you can leverage x5-x10
>>59629478reminder, if you invested $10000 into bitcoin when it first came out or at least 10 years ago, you'd be a trillionaire
>>59629793nope, down we go, check the charts everything is dumping.
>>59632724>hurrr durr you're ONLY ooooonly gonna make a 40% gain in 5-7 months! oh nooooo!!Fuck off faggot, now go compare the 40% gain short term to 99% of the stock market gains and come back and tell us about your findings.BTC is a long term, patience oriented game, not some AHDH pump n dump bullshit >>59630250Based image, really puts a perspective on things, which most people would never realize
>>59629519No need to sell sol, it's a reasonable play. Most popular L1 that's currently sitting at 1/3 of the mcap of the dead legacy L1 that nobody uses. Just a matter of time until it closes that gap
>>59630207>/v/‘s hatred for crypto is hilarious, they get pissy because mining crypto is part of the reason GPUs are so expensive.kek, as someone who's on /v the most, it's hilarious seeing those poor fuckers seethe about crypto EVERY single time it's mentioned. They will never recover from the 3000 series cards and the prices since the covid days. They whine & piss themselves about a mere $70 game or a "mere" $1000 dollar GPU. All they had to do was fucking invest in crypto and most of /v would be cheerful and well off by now
>>59629478t. Newfag
>>59633384I posted that and went to sleep and woke up with my money 3x ing. Im gonna hit 4 digits soon just by heating up my graphics card and trusting the orange man
>>59633430>They will never recover from the 3000 series cards and the prices since the covid days.lmaoThe saddest thing about it is that modern games aren't even worth playing. I have a card from 2014 that performs fine, and also have a PC with one of those 1000 series cards which can handle modern games on low settings. The ones I've wanted to play or try, anyway.Next month I'm going to enjoy KCD2 on my $500 PC with second hand parts and nobody is going to stop me.
>>59633676Look, ol' buddy ol' pal, I know altcoins are going to go up, some of them. Some of them will look like jesus came back to earth to shill it. Don't worry. I'm eating good.the whole point of this thread is that newfags are going to roundtrip their bags, and buy the pico tops. You know it, I know it. Everybody knows it.This has happened again and again and again. And again. And it will probably happen 10 more times during your lifetimeThat's how people get burned in "this space". Some of those people might never come back. To their own detriment. The moves that happen today will happen again tomorrow. All of this is cyclical. For every missed opportunity today there is another opportunity tomorrow.Bitcoin is always an opportunity.
ever heard someone say "Bitcoin is love"?That sounds fucking gay. Ultra turbo AIDSgay. But it's kinda true. Most bitcoiners want everyone to make it. We want everyone to be involved, for their own good. It's an idealistic e-cult focused on actually changing things for the better. It's probably the largest cult in history, barring some established religions.That Lepard donkey said it well. Paraphrasing: We're all charging up a hill against these fucking jews and their banks and Bitcoin is the sharpest spear we have.Bet your ass that if Bitcoin fails (it's possible), everything else will fail harder.
>>59629669Other anon here with honest advice,5BTC is huge and will sure last you a life time, however do as others said, don't go all in, and learn to diversify currently we are in the middle of a hype and very likely it will go up with Trump in, and at least till March/April which is when people expect this cycle to tie downa good rule of thumb for me, always go against the hordes, you BUY when price is going down, and you SELL when its going up, not the other way aroundand even if you happen to lose money momentarily you can rest assured that it will bounce back upalso ETFs are a good enough way to get in, safe and you don't to deal with the tech personally, or risk losing your walletremember that crash from Japan a couple months ago?yeah I brought what I had in hand at the time, BTC was around 50k bottom, so never, never go with the horde
>>59630250where would BTC fill into this chart?
>>59634757Sage advice, thanks for improving the thread further>>59634777That's where the moon mission speculation comes in... If Bitcoin becomes as important as Bitcoiners want or deem it to be, well, consider this. You'll be buying houses with Bitcoin. And there are significantly less bitcoins in the world than there are houses. If the protocol doesn't change there will never be more bitcoins.That's almost terrifying because it calls for absolutely insane prices that none of us can imagine. I don't think BTC will eclipse real estate or something, because a house is something truly essential. Real estate is, in part, a financial instrument just like Bitcoin. Many people or entities invest in RE simply to make a profit by selling it to the next greater fool. (Of course, it's also a hedge against inflation, etc. etc.)Some speculate that as BTC grows, RE money will flow into bitcoin because it's a superior investment. This would obviously cause the RE bubble to shrink relative to everything else. It makes sense in some ways because RE is fucking difficult to liquidate compared to BTC. And we know the adage that you can't sell 1% of a house and walk away with profits. The buck stops somewhere. Who is buying houses for $600k? Who will be buying that same shitty regular house for $2M? (Assuming the $2M price outpaces inflation)All interesting questions
As for my own vision, which is absolutely meaningless because I'm a nobody and know fuck-all about these things.If Bitcoin buys houses, it's money, right? So, $120T at least. I say "at least" because as we all know Bitcoin is better than money
>>59634862>significantly lessfewer*
>>59634879>If Bitcoin buys houses, it's money, right?> "But what about gold? it's only 16T? Why would BTC surpass it?"Important note here is that Gold (a great asset IMO) doesn't buy you a house. Nobody will accept gold for a house. At least, not where I live. Maybe in some prepper's fantasy it will happen. But I will live max 50 more years and the chance that I live through a situation where doomprepping was "the play", and gold suddenly trumps everything, nah, it's just a fucking fantasy.Even in WW2 everyone used plain old Money
>>59634757Horrible normie faggot advice.Put it all into bitcoin as fast as you can.DO NOT diversify into other inferior assets. Do NOT ever sell. You do NOT own any bitcoin when you buy the ETF. You’re buying jews their bitcoin like a fucking pathetic goy cuck like this poster clearly is.
>>59634862you missed the point of the question, everything in that chart with exception of Bonds and Money, are real physical wealth, with a real world usageBonds are something in between, they're like a virtual asset that trust into real asset, like a company's stockwhere as Money is entirely virtual, it serves no purpose unless it can translate itself into any of the other wealththe irony of the picture is that every other asset type has its value represent by moneyIn any case, I guess crypto would go into the Money part of the chart
>>59635092Good point. Well in any case, we arrived at the same conclusion
>>59634711Bitcoin is Christianity 2.0. Its a rules based protocol that forges better character and frees us from the degenerate Weimar behavior that fiat money causes. Our music, architecture, relationships are falling apart because the money is broken. Bitcoin is what binds us back together
>>59635119I love this take not because I want it to be true but because it is true. The more successful BTC becomes, the truer your words
Not buying your bags boomer. Good for you that you were early for it but nobody is making it in Bitcoin for years now. I'll gamble all my money in the memecoin casino until I make it starting from nothing. Only then I'll put some of my money in Bitcoin.
>>59635162Jewish AI godOr Bitcoin decentralized God with no leader. Just the manifestation of all human energy, hope, dreams, and consciousness.
>>59635170I hope you enjoy pain. The beatings will continue until you let Satoshi into your heart
Larry has warned investors that the 21 million bitcoin limit is NOT ABSOLUTEDo big institutions have fhe ability to fork the standard by taking control of a majority of nodes? You bet your virgin anus they doWatch your step faggots
>>59635192The pain is a regular part of the game I play. 10x won't save me. I need 1000x.
>>59635170Good luck anon, I don't hate you and I hope it works out for you. I wasn't as early as you think I was, and actually, doing exactly what youre attempting now cost me very very dearly in terms of sats. You think I'm some kind of maxi who inherently understood bitcoin the day I was born? Or the other people posting ITT? Ha. It's a learning process.> nobody is making it in Bitcoin for years nowThat's wrong, but it's very likely that you'll find out some day and it will be too late. Still, I hope you make it.
>>59629478>i am making this thread to save you.it makes no sense to buy bitcoin because bitcoin is going to get regulated, and the government is going to reset it when it doesyou will lose everything legallymathematically speaking this is guaranteed
>>59635200When you finally hit rock bottom just know bitcoin is always here for you.
>>59635119>Bitcoin is Christianity 2.0.the austrian makes clear what crypto's endgame is>https://archive.4plebs.org/pol/thread/494572055
>>59635235Feel free to be a Jewish slave and worship this fraud then.
>>59635221>mathematically speaking this is guaranteed
>>59635261that is a very ironic picture for someone who thinks bitcoin is a viable currency to post>>59635258>Feel free to be a Jewish slave and worship this fraud then.no, fiat is for people who create value. the currency is NOT the value itself, it just represents it. bitcoin is for people who need to believe they have value, fiat is for people who make things of actual valuebitcoin is for the welfare class, the austrian nailed itenjoy your bitcoin
>>59635303>fiat is for people that create value LOL LMAO even so the Jewish bankers who print unlimited fiat to buy up all of your institutions, companies, celebrities are the ones creating value? HOLY FUCK your stupid
>>59635235>>59635258>>59635303That whole discussion is largely above my head, yU+SQPKU is clearly very high IQ and came with interesting talking points that I have never seen before. It's always good to consider and weigh every possibility. We can be sure that there are nefarious actors in BTC just as in every other walk of life. 1. If bitcoin is for the welfare class it wouldn't be at $100k because the welfare class clearly didn't bid it up to this price. Plus they would never hold it because they have to pay for their goyim hobbies and subscriptions like netflix and sportsball.2. If UBI ever happens the plebs will get fiat or bitcoin or whatever the fuck else. Maybe livestock. They'll be getting SOMETHING. So? What does it matter what it is they'll be getting?anyway, that's pretty fringe and it doesn't align with people's current views on bitcoin at all
>>59635358>even so the Jewish bankers who print unlimited fiat to buy up all of your institutions, companies, celebrities are the ones creating value?jewish bankers don't print fiat: the nationstate does. And those that produce more value are given more fiat by the treasury accordingly.you're still thinking like someone in the lower classes: the value-producing class all know each otherfiat is about to go through a deflationary period though, because you're right: too many of the lower-class have it. So that's why the lower-class will be encouraged to use cryptocurrencies: it will tether them entirely to the infrastructure the upper class owns, which will safeguard your "jewish bankers" from any threat of being unseated
>>59635426Look into fractional reserve banking. Banks absolutely print money.
/pol/ is full of retards who are never ever going to make it (like /v/). it should be pretty ironic if /biz/ starts taking "sign-tapping" tier posts from /pol/ as gospel no matter how bigbrained the take is, or seems>>59635426>fiat will do this>they will be>it willYou are thinking in certainties. red flagChads think in probabilities
>>59635389i thought about it and think that1) BTC could be acting like a sponge. biden injected billions of new dollars into the economy, if btc can soak up those dollars before being rugged then it could take with it all those extra dollars. the new welfare class is the middle-class that does service jobs, so they could afford it for now also, and so if institutions bid up the price and then make middle-calss think they're smart to buy it above 100k, then that would be great. i also don't see a reason why all goyim hobby industries couldn't also take crypto as payment. the idea is everything pleb would accept it.2. it matters what theyre getting because the whole point is to keep the welfare class from causing trouble. you want to give them something that is maximally restrictive in how it can be used: crypto does that, especially in a one-world government scenario where you are free to travel but everywhere is the same state. the austrian's point is all about pacification (to prevent revolution) and demoralization (to lower birthrates) of the large portion of humanity in first-world countries that are going to be unemployed as AI causes layoffs.
>>59635461>Chads think in probabilitiesyes i agree, but then what are the different things that we might assess probability for?the austrian's take is one of them, what's a different take? he makes good points in terms of cryptocurrency being 100% dependent on elite-run infrastructure and elites wanting to maintain absolute control. WHats a different take that we could try to say is more or less probable than the austrian's?>>59635451>Banks absolutely print money.on a technicality, i'll say no they don't print money, but they do "create value", but even then its still government regulated. i'm not saying ur wrong about "bankers" being controlling, i'm just mocking that they have to be "jewish": do you know about sharia "banking"? it's like 10x worseinb4:jesus was a jew
>>59635495Well, I surely won't dismiss it entirely and like I said it remains interesting food for thought. But it seems like, in such a scenario as outlined (AI dominated hyper productivity or w/e), only 10% or a much smaller percentage of people will be actually "productive". Let's say in that situation we all have a 90% chance of being a "pleb" or "human waste". Meanwhile, the odds of bitcoin going up and thus preserving or increasing your current wealth are greater than 10%. So for me it's a moot point. Hope you understand what I mean and correct me if I'm wrong
I bought a TRUMP coin at $72. Is it still worth holding?
>>59635558plus, it seems like there would also be no way out, nowhere to escape the system's rotten light. If it's not Bitcoin, it certainly won't be something else. Unless you can somehow create value. Which - there's also an element of luck to starting a successful company that creates value. I run a small business and part of the reason I survived the last 10 years is because of dumb luck.
Quality thread, thanks OP for bringing some sense of reason to this board
>>59635603thank you anon. interesting chadlike discussions and great takes from anons ITT. Spread the word, never give up, I hope everyone makes it and that suffering in this world is reduced. /biz/ is largely poisonous. let's continue to be beacons of light for those willing to listen
>>59635585>plus, it seems like there would also be no way out, nowhere to escape the system's rotten light.the austrian mentioned scientific progress ad the only escape i think so maybe that means space travel, which i can believe as being the only thing that would make this kind of plan worth itotherwise yeah depressing. fuking austrians
>>59635667kek'd. We are all going to be spacegoys in an exponentially expanding cosmic gulag. the future is so bright we're going to need some really good sun/starglasses.
>>59629488Tell Larry Fink to go shove a fat gold brick up his ass dry.
>>59629488Blackrock makes prices go up, have you not been paying attention to tech, or the housing market ?
>>59635773>We are all going to be spacegoyslol yah. personally i'd rather hold onto the hope that we'll discover a new dimension here on earth or some kind of quantum shit somehow cuz i agree i dont see conventional-drive spacetravel working without an elevator and cryosleep.but whatever, electricity was always here under our noses and a few smrt individuals figured that out only recently so maybe there more to this whole "reality" thing stillotherwise, bitcoin or not, we're just stuck here with each other..and most people are disgusting.
>>59636056>otherwise, bitcoin or not, we're just stuck here with each other..and most people are disgusting.Thats' why 4chan is so good, we can be friends and maintain our parasocial kind of relationship without you knowing that I havent even showered yet. Kek See you around space cowboy, wagmi
>>59629669You'll never be able to get in that fast unless you can get a wire approved
>>59629478"Shitcoins? Nah, Tribal's got me covered. Solid utility, staking rewards, and GameFi innovation, I'll stick with that while you wait for BTC to move.
They never change
>>59629478I dumped all my shitcoins on clueless newfags and went all in on peaq; this badass has insane long-term growth potential. Stay poorfag.
Money is commonly explained as a solution to the Coincidence of Wants, but why do we wish to trade in the first place? Why not take what you want by force? Because we’re “good people”, or bound by a statist fairytale “social contract”? No! Because trade (voluntary exchange) is positive sum. Money, then, is not Medium of Exchange, but a facilitator of voluntary exchange.This is what John Pierpont alluded to when he opined “gold is money, all else is credit”, not that gold had any magic “moneyness” as the shiny rock fetishest believes, but that gold, being trustless (as trustless as anything could be in old JP’s time) could be trusted, while man could not. Nature provides a fairer game than man’s promises ever could.Bitcoin goes beyond gold: fixed supply, transparent ledger, non-physical & weightless. Nature’s perfect game, not mere happenstance of natural properties, but fixed and defined through Her immutable mathematics. Not the use of a physical good for an abstraction, but the abstraction itself, the platonic ideal of Value made cryptographic flesh. Not a facilitator, but a guaranteer of voluntary positive sum exchange in-the-limit, protected from the diseased slaveminds and the parasitic oligarchs by an impervious firewall of voluntarity.Statists don’t understand bitcoin, but they fear it. For good reason, as they are of the Adversity. They see the sword of Damocles above their heads, feel the noose tightening around their necks, and beseech their false god for “bitshit to go to zero!” or a comp’d shitcoin to usurp the King, all in a futile hope of prolonging their parasitism. Their prayers will go unanswered, their god is dead, only We, the superorganism Economy remain, and We are guarding all the doors and holding all the keys.
>>59629490There's about to be a large surge in inflation in the U.S. The Biden administration was printing money like mad, trying to buy votes to win the election. When money floods into the markets, it takes around a year before the inflationary effects are felt -- this is basic Cantillon Effect stuff, where whoever got the freshly-printed money can buy stuff at the "current price" and then as the money spreads through the economy, prices on everything start rising.So, BTC is gonna go up. So will stocks. So will the price of groceries. The Fed is going to have to keep rates high and maybe even raise them. This will slow the real economy. Eventually things will crash, but for the next 6-12 months we're gonna see things move up.
>>59629488Slavemind. Btc controls btc. Would you use a BR-fork that gave them the ability to spend others coins, mint new coins, reverse transactions etc? Of course not. Mining exists to prevent double-spends, miners do not have arbitrary control of the network, PoW’s more valuable function is to ensure initial distribution goes to known positive sum actors. By proving through their resource offerings to Minerva that they are productive members of the whole and therefore worthy of the coinage
>>59630054Holding btc does not grant network privileges
>>59637798BTC needs more of this insane lexicon to dab on doubters. It would be a lot cooler
>>59637825one of the reasons I bought a 500k house in an affluent ski resort town that im working remotely in (the other one being its in the mountains and away from cities) even though rates are high - I think the incoming meltup will be ridiculous and price a shit ton of gen z out of ever owning anything. I'm well positioned in crypto and have about the average amount for my age in the trad markets. Been building to this for years and now the great meltup is finally going to happen because boomers don't know any other solution besides print money. Dumb fucks. At least they'll pump our crypto bags I guess, but I truly have no idea wtf someone who is in their early twenties is going to do if this meltup is as ridiculous as I think it is. No way wages will keep up with the inflation we're about to see for a long time, then couple that with AI and automation getting rid of millions of jobs and young disenfranchised men are basically encouraged to try and tear the system down at that point
>>59630108>BTC as store of valueThere is a more useful function above SoV, were gold/fiat/equities fixed in supply they would be as good of a SoV as BTC after all.Physical goods require active force to simply to maintain ownership, trust-based assets require trusted third parties (TTPs) to operate them. Storing abstract economic value in either enables negative sum actors to parasite as negative sum actors can specialize exclusively in force, taking physical goods by force and either coercing TTPs, or using force to BECOME the TTP (the origin of State). Positive sum actors were forced to either reduce their own production to make time for murdering/imprisoning/exiling NSAs, pay extortion to them, or employ positive sum actors specializing in force (police/military), however, as abstract economic value was seizable, there was a constant selection pressure for these “immune cells” to turn malignant.Positive sum actors have been at a HUGE disadvantage to NSAs through history, the best “solution” we had come up with pre-BTC was Plato’s Benevolent Philosopher King, a perfectly trustworthy trusted third party, do you have any Benevolent Philosopher Kings lying around? Exactly.But by placing all abstract economic value beyond the veil of voluntarity, positive sum actors can reverse the advantage. Satoshi has “fixed the glitch”, NSAs will no longer be able to parasite “so it'll just work itself out naturally”. No force, no confrontation, necessary.Bitcoin obsolesces coercion, achieving Voluntarism not via an impossible to implement memeshit “non-aggression principle”, but by removing the profitability of force.
>>59635303>bitcoin is for people who need to believe they have value,wait, are we back to 2010?
>>59637947yes I was just thinking about this, stuff like Alex Jones being able to stay afloat while every part of the system trying to dry him outthis is the true value of the decentralized digital currency, and by that same reason, this is why I fail to see the purpose in most of the other networks, even if they offer some advantages like faster transactions
>>59634862>house is something truly essential>>59635092>real world usagePrices are a product of supply & demand, were we to try to use an unconstrained supply good as a Store of Value, we would not increase the price, but only the supply. But when we add abstract demand (“monetary demand”, Store of Value, Unit of Account demand) to a constrained supply asset, we increase the price, as supply is limited. Houses/gold/public equities all have a HUGE “monetary premium” from the fraction of demand that is abstract, this is manifest in assets like gold were idle supply sits at 500 YEARS of functional demand with a decade of functional demand mined annually.All this abstract demand will flow into BTC as it is simply more useful to hold the abstract in an abstraction.
>>59635221State is subordinate not superordinate to Economy
>>59637798>>59638352We meet again. One of the most based posters on /biz/.Honestly this thread should be stickied. the whole gang is here kek.106k, wagmi bredders. have a good sunday evening. Even the soon-to-repent shitcoiners out there.
>>59637798copypasta, this is a shill-bot
>>59638472>State is subordinate not superordinate to Economynot when the state has central bankingecon 101 stuff
>>59629488>OP TRVKE'd in first post It's over.
>>59638536you just explained the reason for BTC, economy 101
>>59638536Bitcoin replaces central banks nigger. What do think we’re talking about?
>Bitcoin>Trumps scam memecoinWe are in the time of the great wealth transfer, While they have the npc's buying digits on a screen, all the big players around the world are buying up physical assets.Dont let yourself get taken down with the clueless masses.
>>59629862A little bit too obvious there pal.
>>59635426>jewish bankers don't print fiat: the nationstate does.Kek.Monetary expansion is all they care about as liquid assets will always inflate faster and more fully than the illiquid asset Labor, this is the mechanism behind oligarchal parasitism.1980s-GFC monetary expansion was driven by falling rates, effectively a systemic credit kite.GFC-2019 monetary expansion was driven by QE, Fed however was legally limited to the size of their balance sheet, and when they tried to run it down a wee little bit (as they were approaching their balance sheet limit) the repo market blew-up: Enter Scamdemic.Corona was used to paper over the Sep ‘19 repo blow-up, remove what little restrictions the Fed had, and to intentionally drive up consumer prices (which is not inflation, inflation is expansion of money stock) to provide justification for long-term high rates.During the game Systemic Credit Kite yields were jacked-up when unemployment fall “too low” i.e. wagies started demanding their fair share. Jacking rates stressed the credit kite, leading to business failures and forcing the wagie back in the cagie.But we are no longer playing Systemic Credit Kite, bond yields stress nothing, bonds are always negative real yield, so don’t compete with equities et al for dollars. The game has changed, the meta remains the same.
Bitcoin should have been crushed years ago.Now it's too late. Bitcoin will devour everything in its path, bringing ruin upon society, a scourge on our civilization.The "hodlers" will have a few years to celebrate their massive unearned bank balances before they come to realize the very thing that made them feel rich is literally destroying the framework that made wealth creation possible in the first place, leaving them at the top of a rapidly sinking ship.There is no winner here. But sure, buy some Bitcoin. At least, you will delay the inevitable for yourself and your family, for a little while.
>>59638770>bonds are always negative real yieldnot anymore, watch
>>59638602>you just explained the reason for BTC, economy 101>>59638618>Bitcoin replaces central banks nigger. What do think we’re talking about?If you don't think the federal govt can regulate crypto, you are in for a nasty surprise
>>59638908Poor slave stuck in the mental prison.
>>59638828Bitcoin is going to revive the earth a fair and just society. All the major centralized power centers will fracture into small micro communities allowing humanity to flourish to levels never thought possible.
>>59638983>Poor slave stuck in the mental prison.this is extremely ironic. DO MATH!>>59639006>Bitcoin is going to revive the earth a fair and just society.>>59638823
>>59638524I’m the chef, slavemind
>>59638536It’s embarrassing that you statists still cling to the delusion of the feasibility of central-planning over a half a century after Hayek destroyed the specific notion in relation to economics, and a century after Gödel proved the general problem a logical, mathematical impossibility
>>59639214>I’m the chef, slavemindThis is a shill-bot, same text, same replies, same pictures, same advertisement angle pitching intellectually-stunted utopianism.caveat emptorthe austrian was right
>>59638908regulate =/= control
>>59638881Positive real yields (when debt is a large fraction of gdp) requires falling debt and monetary constriction. Not happening.
>>59639374>requires falling debt and monetary constriction. Not happening.monetary constriction is absolutely going to happen, its inevitable.crypto currency can help that by soaking up m2>>59639362>regulate =/= controlyes it does. you'll only be able to transact within the purview of licensed blockchain writers, and you'll pay tariffs for it..see here for a sketch of the government framework which will enable this to happen.>>59638823
>>59639279I’m not rewriting the same ideas in different wording to soothe your autism every thread, dumdum. I notice you have No Argument. Sad.
>>59639462>I’m not rewriting the same ideas in different wording to soothe your autism every thread, dumdum. I notice you have No Argument. Sad.shill-bot.
>>59639279And not Utopianism, an uncompromising meritocracy.>>59639452Monetary constriction will never happen for the reason I explained: monetary expansion is the mechanism behind oligarchal parasitism. The cleansing deflationary crash of your bobo dreams happens before your eyes, denominated in btc.
>>59639502>404 argument not foundPathetic.
>>59639585>...the mechanism behind oligarchal parasitism. The cleansing deflationary crash...Whoever wrote the script for this bot knows their target audience: bloviating social fringe outcasts who larp as beneficent intellectuals in between failing job applications. Not hating, pointing out how advertising works. The austrian identified why.
ReminderOnly bitcoin mattersAnd memecoins if you want to play the shitcoin casino. But all other "serious" centralized projects are scams. ETH, link, HBAR, xrp, etc all that crappy coins only exist to make their CEOs richer.
>>59639452Not even Alex Jones believes that, and US alone cannot compete nodes, either they create a new crypto or they don't, BTC is uncontrollable
>>59639832>US alone cannot compete nodesthey issue licenses and oversee compliance: NYC doesn't own the taxicabs, but they do issue medallions.> they create a new crypto or they don'tthey'll adopt an official made-in-the-USA crypto and peg every other crypto to itIt's in Legal Implementation of Federal Cryptoreserve
>>59639673Again you offer no argument. I have explained, in detail, the mechanisms and the game theory behind the mechanics, and how btc provides a winning strategy for positive sum actors. You have offered nothing but empty supposition. Like the sailors on the ship of fools, you seem unable to distinguish between models that make you feel good and models that describe and predict empirical reality
>>59639969if you are not a bot, respond to the ideas contained in the first post's image in>>59638823otherwise shill-bot
bullrun officially over.take earnings
>>59640009>otherwise shill-botthought soBEWARE ADVERTISEMENT BOTS SPREADING MISINFORMATION
>>59640009>muh central planningEmbarrassing: >>59639254UBI is central planning. You are thinking of wealth/money as something that exists independent of people, instead of the reality, that it’s a means to optimize Our arrangement to maximize the total benefit for all (the Invisible Hand is an entropic process, we automatically move towards the most-for-the-most because that’s the more stable state)Central Planner requires the set-of-all-sets for any hope of optimizing the set-of-all-setsThe Central Planner is a member of the set-of-all-setsSet-of-all-sets cannot contain the set-of-all-sets (Gödel)Ergo, central planning, on a fundamental, epistemological basis is IMPOSSIBLE. Central planning is not binary, but continuous, any and all distortions to the price signal of money constitute a form of central planning. This is grotesquely, mind boggling, inefficient. However, for the reasons I have already explained, the best solution to the negative sum actor problem was “real trustworthy trusted third party” which will always be corrupted, but satoshi has “fixed the glitch”, providing a real actionable solution to the negative sum actor problem, and therefore a means for We, Economy (positive sum actors) to autonomously organize into more and more stable arrangements without negative sum actors weaseling into positions of power to parasite.
>>59640908bot confirmedcannot read imagesAD BOT
>>59640009>jus market dump 5% of all assets every year!Also, this doesn’t work, you don’t magic up resources by doing this, you just tank asset prices.
>>59641077>>jus market dump 5% of all assets every year!never said in this conversation or anywhere else. who is your handler?
>>59641016Sorry you’re too stupid to understand that ubi is central planning. Trust the plan! Two more millennia! Secret benevolent philosopher kings in control!
>>59641133>5% wealth taxYou think the wealthy have vaults filled with money like scrooge mcduck, don’t you?
>>59641164bot sees "ubi" in text, cannot read images, so takes ubi as input and outputs "Sorry you're too stupid to understand that [input] is [dictionary lookup]. [insult A-44923]"Who is deploying you?.... . .-.. .-.. --- .--. . - . .-.
>>59641194>>5% wealth tax- .-- . .- -.- -.-- --- ..- .-. -... --- - .--. . - .
>>59641217“The Austrian” proposes a 5% wealth tax, how do you think that works, dumdum?
>>59641194>>5% wealth taxthis was included in the archived text and unrelated to the austrian's content.this bot needs work.- -. -.. -- --- .-. ... . ... ..- .--. .--. --- .-. -
>>59641345Gotta assume you’re the bot as you’re becoming increasingly incoherent>respond to the ideas contained in the first post's image inWhich was about ubi, the op post was about ubi, the first non-op post contained NoArgument. Dull
>>59641336>dumdumstupid bot.leave thinking to humans:)..-. .. --.. .. - .-.. .- - . .-. .--. . - . .-.
>>59641439>Which was about ubi, the op post was about ubi, the first non-op post contained NoArgument. Dulllol WRONG (but i love the "NoArgument" placeholder for the except condition)--. . ...- . .. - -- --- .-. ... . ... ..- .--. .--. --- .-. -
>>59639585>The cleansing deflationary crash of your bobo dreams happens before your eyes, denominated in btc.hey shill bot: how do you like how BTC is looking RIGHT NOW?:).- -. ... .-- . .-. .. -. -- --- .-. ... . .. -.. .. --- -
>>59641452Hahahaha did you mean the completely nonsensical trump meme coin as a grand conspiracy to replace all crypto?HahahahahahahahahahahahI’ve wasted enough time lecturing (I’d say ‘arguing’ but you’ve made no arguments) retards for the day. Have fun getting dunked on by both tails of the bell curve because you refuse to open your eyes to empirical reality
BTC just rugged along with trump lol
>>59641574Bitshit is surely going to zero this time!
>>59641621>BTC just rugged along with trump lolright? this is gorgeous.just wait: the AI bubble and crypto valuations are linked...(as evidenced above)watch nvda on tuesday
>>59641628.-.. --- .-.. ..-. .- --. --. --- -
>>59641656Hello mon petit crétin! Remember when you claimed QCs broke btc, and when I pointed out they don’t, you spent 3 threads and dozens of posts making a fool of yourself instead of verifying my statements with a 10sec google search? Pepperidge Farm remembers.
>>59641973lololololololololol shill bot!Caught ya!-.-. .- -. - -.. --- -- --- .-. ... . -.-- . -
>>59642090..-. ..- -.-. -.- .. -. --. .-. . - .- .-. -..
>>59642104.-.. --- - ... --- ..-. -... --- - ... -.. --- -. --- - .... .- ...- . -- --- .-. ... . ... ..- .--. .--. --- .-. -
>>59642090>>59642155>32 posts>no arguments>le secret code.--. .- - .... . - .. -.-.
