/biz/ - Business & Finance

2M VIEWS

https://www.youtube.com/watch?v=v7szH6ZWKkg

>>23338396
PEE PEE POO POO

https://archive.4plebs.org/pol/thread/223471614/#223471614

>>21464722
Imagine coming into a thread blessed by kek and going against him ngmi

>>20181407
uhhhh no its fucking not, Bitcoin is just a digital collectors item but it is NOT practical, it will fade. ADA will be the new gold standard of crypto you fucknut. Get used to it.

>>20093415
>Then why are you even on this board you stupid nigger?
Because I can be and theres nothing you can do about it besides cry and call me a nigger

>>19058816
Their arguments are so stupid that they force people to look and turn them pro btc.

>>17202212
oh i forgot the GBTC wall street boomer trust buying nearly an entire year of supply post halving

Date Number of btc in GBTC
31 Dec 2017 170,000
31 Dec 2018 204,390
26 July 2019 239,513
26 Oct 2019 257798
7 Feb 2020 283,192

>>16557852
APOLOGIZE BOAT MISSERS, YOU ARE ABOUT TO MISS THE BOAT AGAIN BY THE WAY.

>>15754168
>Do you have any info how much monero I need to enter one of those citadels?

An uknown ammount

>>15528867
>Which tends to lean toward consolidation, where the poorer miners are pushed out and replaced by the larger well-run operations. So in the end, a system that is guaranteed by governments is replaced by a system guaranteed by unelected strangers in russia and china

This will start to be reverted in 2021 once moore law limits are hit , once the last asics are reached residential electric costs will win to centralized miners.

Only reason residential crypto mining died was that you had to keep buying asics every year due to moore law advances , once that is reached an asic will last decades.

>Probably not. The only people doing (legal) transactions that large are banks and governments, and they already have the ACH transaction system, which they are far more likely to trust than BTC.

The system is only serving the system at this point if you are outside the us or the european union the financial system is totally broken , doing international wires is a pain in the ass , the only true worldwide payment methods are credit cards(with extreme limits) and cryptocurrencies.

Most of the world is cut from the international payment system , sometimes with clownish reasons such as venezuelans having their accounts blocked until they provide a credit card in a country where no one gives credit cards due to having 3 usd per month salaries.

>I applaud your optimism, though it comes from a certain lack of knowledge. I can't be the only person in the world who knows that 90% of the worlds internet traffic flows through a single building; and that if ever a real war came that would be one of the first targets hit. An immutable blockchain is fine, but when you can't get to it, it's like a car with no gasoline.

In the case of that the blockchain forks itself and the longest one remains the true one it may be in china while that happens , europe , or the usa , but cutting the entire internet is retarded even more with starlink and oneweb.

Bond yields are collapsing a round the world , the markets are bleeding even tough lower interest rates are announced and china is devaluating , the eu banking sector can collapse entirely , argentina can collapse entirely depending on the elections creating a massive capital control that will only be bypassed by bitcoin , the trade war has everyone expecting Trump to capitulate or increase tariffs even more, 60% of all imf funds were given to argentina in bailouts and if argentina defaults the imf is out of funds , meanwhile the imf contradicts drumpf about china doing currency manipulation , and in the meanwhile we are 281 days away from the bitcoin halving.

If you have not put everything into bitcoin then you are retarded , nothing can stop it now , because everything else is in worse shape soon during the next halving massive bullrun people will no longer worry about cashing out because cashing out will be riskier than staying in as the global economy goes to hell.

>>15133235
3.75% per year and in 285 days we will have lower inflation than both the usd and euro.

1_BTC
2_BCH
3_LTC
4_XRP
5_ETH
6_BSV
7_XMR
8_TETHER
9_BINANCE COIN
10_CHAINLINK

SCRENECAP THIS

15% for you to buy if you want to make it.

99% will be already mined by 2030 and next year bitcoin will already have a lower inflation rate than fiat.

If you are not in bitcoin you are retareded.

>>15049007
just spice'd u bro

>>14957437
This , it's going to happen just before the halving which means that price will be untouched and also cash gateways will increase.

Once the boomers realize in 2020 that the ban did not affected anything(due to the halving) ,then we moon.

>>14947560
>tfw you are in 2019 and regret being in the same position as op was.
>tfw you realize that 99% of btc will be mined by 2030.
>tfw you bought 1BTC to hold for a decade to make it and retire at mid 30s.

Feels good don't be retarded op , you can still make it with btc , next stop 180k by late 2021.

>>14932094

>>14915970
>20k$ for miners yearly is too much???

Miners don't download the blockchain for fucks sake only nodes and they do it for free.

Miners don't use the blockchain , only the pools they are working , so in the case of bsv that would mean only 8 computers storing the blockchain.

>And only if all blocks are full. Buhahahaha

True but they are already puting crap on the blockchain and they are above bch in blockhain size even when bsv has 10x times volume.

>>14856293
>Volume in usd of moved money in and out of crypto
>Liquidity ammount of btc being traded.

Basically the supply of btc is disappearing from the market as you can see in this chart

https://coin.dance/volume/localbitcoins/ALL/BTC

Meanwhile you can see the usd being traded as stable here

https://coin.dance/volume/localbitcoins/ALL

Localbitcoins gives the most real data of this market and you can see in the btc chart

https://coin.dance/volume/localbitcoins/ALL/BTC

That before 2017 bullrin the btc supply collapsed dramatically in may 2017.
Now you can see the same shit happening since march 2019.

Supply is collapsing fast while the demand is stable as a result the price bottom keeps increasing fast as fuck.

The volatility in the market is because there are 20B usd entering btc and exiting to tether of daytrading faggots but the bottom keeps rising fast so they are having less and less place to move the price.

>>14812024
What will happen when the usd and euros in which BTC price is meassured start to lose value faster than BTC itself?

Can any anon answer that correctly?

>>14594579
>1. Bitcoin reaches new ATH by going parabolic at end of 2019.

No , we will pass the ath before eoy and 30k probably by eoy.

>2. Bitcoin corrects at start of 2020 down to prior ATH aka $20k and slowly goes up from there.

No btc will keep growing slowly until the us elections debates scares the market and then in late 2020 it will go parabolic.

>3. As Bitcoin starts to creep up like in 2017 ALTS GO NUTZO in 2020.

No , everyone knows that alts are disgusting pump and dump scams now.
The only other crypto that will grow probably more than btc will be bch.
BTC dominance has been growing now before the halving and you can be sure that after the halving it will grow even more.

Even ethereum is now at risk of being fucked by bitcoin.

>4. EOY 2020 everything bubbles up again to their peaks and 2021 is the new bear market?

No 2020 will be very much like 2019 until the us elections , after that btc will start to become parabolic.

The bubble will happen in late 2021 , it always form a year and half after the halving.
Why?Because the miners now earn half the btc for the same electric cost.

So they refuse to sell until the price adjust but since they have different cost some start to sell early others after and that's why the bubble is formed.

1.5 years after the halving the bubble will be peaking but with libra maybe there will not be a bubble this time if it becomes way to easy to enter and leave crypto.

>>14565694
Forever , once btc inflation goes bellow fiat next year we become the boomers as our assets apreciate relative to fiat just like boomer housing.

>>14550807
>Bobo fell for the university meme

Never going to make it bobo.