/biz/ - Business & Finance

>>25031420
>>25032184
Already happened. Probably many times. This was in plebbit Bitcoin sub during the last bull run
https://np.reddit.com/r/Bitcoin/comments/7hmjdw/my_brother_killed_himself_because_of_btc/
> My brother killed himself because of BTC
> He claimed to have owned 15,000 at one point, which may have been an exaggeration. But I know for a fact that at some point around October-November 2012 he did have at least 6,000 BTC which he showed me in his wallets. He was so enthusiastic about Bitcoin and how cryptocurrencies would revolutionize the financial world. For awhile he was annoying the fuck out of our relatives about how it would make them millionaires.
> I'm not sure exactly what happened to his BTC. Sometime in 2013 he claimed to have lost most of them in a hack and sold the remainder too early. He very well may have sold them all too early, but who knows.

>>23971574
never too late anon. the alternative is a shitcoin abyss

>>21856307
The idea that crypto was going to gain mainstream adoption for payments was always a meme. Merchants can only support so many payment networks. Some of the old credit card payment networks are now dead like Diners Card. Lots of places don't even accept Discover. When I travel to Europe, I leave my American Express behind because besides the UK and high end places in mainland Europe, it's shit and not accepted. The idea that merchants would adopt crypto where you have to jump through hoops to get the native currency, pay taxes and where there massive volatility when most merchants prefer to stick to MC/VISA and even eschew other payment networks is retarded.

>>21759943
The cut the supply has barely impacted the market. Wait until tail end of 2021. 2029 is when the game is really going to get interesting. Just timelock a small amount long term and consider it money lost.

>>18838074
Congrats for accumulating so much and holding on to it in 2020. I had 52 at one point. I only have a handful now because it's so hard to hold on to Bitcoin with the massive volatility. One day you have absolute confidence that its going to continue to appreciate and the next day you go quickly to sell because it looks almost certain that it was a huge bubble that is spiraling down and you should have sold much earlier. The handful I hold on to are timelocked BTC for 2021 and smaller amounts for 2025 and 2029. Without that functionality I wouldn't have been able to hold on to that much. How have you managed to hold that much without panic selling?

Also totally agree on your $40K price point or somewhere in that vicinity as reasonable. I've also been doing the calculation based on downward pressure from miners and the new money needed to support prices and even next year it's totally unrealistic to see Bitcoin support much higher prices for long periods of time. It might bubble higher but there will be huge drops

Never late when your journey has just begun

>>18241076
Dormant here just means they haven't moved in 1 year. You can use OP_CHECKLOCKTIMEVERIFY (OP_HODL) to create timelocked addresses that forces you to HODL. I have coins from 2017 that I still cannot move until June 2020 and June 2021 and every time there is a big dip, I buy small amounts of BTC I've been sending it to timelocked addresses in 2025 and 2029.

Faking my death, just to see if they remember me correctly

>>18207556
>good luck !

Follow the light

>>18198722