/biz/ - Business & Finance

>>13100135
Now you are starting to get it.

Yes anon under that theory the price would never go down or up.

However you are not taking into account that
1_It takes electricity and hardware to mine bitcoin so they already have a price of creation.

2_That difficulty is always increasing so that base price is increasing.

3_The supply decreases every 4 years.

4_The people doing wires do this

100 usd > 1 btc > 90 eur

after a halving

100 usd > 0.5 btc > 90 eur

on a broad view you would be correct to think that bitcoin should not go up or down if that were the case.

Yet here is were you are wrong , because when the people doing wires did that last part of btc to euro someone bought those btc to euro

and what did they did?

Probably the same thing in reverse

90 eur > btc >100 usd

So there is a growing demand for wires for a constant reducing ammount of bitcoins and on top of that the fees means that part of the coins return to the miners.

If you think deeply about what i have explained you here you will come to the realization that Satoshi Nakamoto was a genious not only in programming but he understood game theory perfectly.

Without the artificial scarcity and energy requirements for mining crypto would never work.
It´s the game theory that causes it to work because with constant prices increases(due to cost for mining and reduced supply) the concept of holding is not insane since the price will only go up long term.

So you also have services like bitpay that take bitcoin and give usd to companies.
An entire industry literally built over a game theory that works perfectly.

>>13091885
>takes 20+ minutes to make a single transaction

And a international bank wire takes weeks and can be frozen until you prove you are no the zombie of pablo escobar.

Also btc has a capacity of 850k per day transactions after segwit and the mempool can holds another 850k waiting if not more (since nodes are free to hold more if they want).

>consumes stupid amounts of electricity
Banking requieres guards , special trucks to move , accountants , machines , lights , cards , mails.

All the things in that chain are needed to have the wire system working because if they fake the data on one end a bankrun happens on the other.
And every member of the chain eats and shits and eats food and uses electricity.

Believe me swift and sepa use way more electricity than btc.

>Crypto is the future. BTC, not so much.

Wrong BTC is the future and crypto will follow , those coins using the same game theory than satoshi used in btc will thrive(litecoin and bitcoin cash).

>>13091968
>You can't forever manipulate what has a fixed supply. Their time to (((tame))) Bitcoin is running out.
>Bitcoin is the ONLY truth in Clown World. 50K this year.

Unironically this , interest rates are at near 0 and we are near a crisis in a bubble of epic levels.
When it happens the keynsian retardation will only support bitcoin by justing fiat.

>>13057933
Let me tell you a secret anon , i am from south murica , also sell online , credit card fraud is MASSIVE and i mean fucking massive ,last week i had 3 faggots with photoshoped id´s trying to buy shit.

Worse most countries are disconnected from sepa and swift for international transactions so it´s either credit cards (with fraud) or nothing if you want to get money from anyplace.

Bitcoin is the wire system of the second and third world.
Those 200k transactions per day?at least 150k are from people doing wires to suppliers and shit like that.
You don´t give a shit if a transaction will take 3 days you send with 1 sat fee and it´s fucking ready , no fee , no governments , no corruption , no paperwork , literally nothing.

Exchanges are appearing everywere in latin america , check also the volume in localbitcoins in latin america and you will see that i am telling you the truth.

Now here is the redpill for you.

The people sending money international don´t give a shit of the price of btc they do it in less than an hour

cash >btc > sends btc to supplier >cash

The price is irrelevant , and this is a constant thing of new money entering the market.

After each halving they keep doing the same shit but with smaller numbers.

before a halving

100 reales > 0.5 btc > 30 usd to supplier

after halving

100 reales > 0.25 btc > 30 usd to supplier

>This type of behavior is one of the reasons why i am bullish on crypto.

You should , not only what you said about chargebacks but for international transactions western union is costly as fuck.

BTC could have 50usd fees and still be cheaper.

BTC Core is the only crypto you should be bullish as it´s the only one that has a true use atm.

However ethereum and litecoin are gaining strenght in latin america.

Crypto will prosper in the next halving.