/biz/ - Business & Finance

>>12903681
2013 - "Game Over, Bitcoin" - Business Insider | $110.68

"The bubble has burst & now all that's left is to watch its steady & inexorable decline. So what now? It will crash & disappear like Pets.com & Lehman Brothers, existing only in the memories of Economists"

>>12903688
2015 - "Bitcoin Will Not Survive" - Jamie Dimon, JPMorgan CEO | $395.67

"People are wasting their time with digital currencies like Bitcoin. I'll be surprised if it's even here in five years"

>>12903695
2018 - "Is Bitcoin Going To Zero?" - Forbes | $3,432

"It won’t go quietly, but the recent drop may be the beginning of its inevitable & inexorable death spiral. Future generations will read about bitcoin in a finance textbook as a curiosity & wonder what all the fuss was about"

>>12903717
The Inevitability.

"The four most dangerous words in investing are: 'this time it's different'. Follow market trends and history. Don't speculate that this particular time will be any different." - Sir John Templeton

>>12903726
Each time Bitcoin has crashed 70%+ the following cycle peak has been 5.1-16.89 times higher than the previous.

If that happens again then the next all time high will be roughly $102,000 - $336,000.

Roll the dice & take the risk - Buy Bitcoin.

>>12903681
>>12903688
>>12903695
>>12903717
>>12903726
>>12903728
Based

>>12903681
Kek

Will it always do this?
>past results are no guarrantee for the future
>when people extrapolate the past, that's when you sell
Boomers rekt.

>>12903801
>this one time will be different

I hope so
I went through the difficulty of setting up a LN node and it's a pain in the dick to use still

>>12903681

>>12903865
you literally wasted your time, sorry bro

tfw you have two low leverage longs and if it actually goes to 100k youll have like 5 million dollars from two trades in 3 years.

Das it mane

>>12903728
Based

>>12903865
Don't worry
Bitcoin has first mover advantage. This means it will always be the best coin, no matter what. Normalfags have an emotional investment in it (They don't care if they have to wait 18 months to use it while alternatives exist, they will wait). Bitcoin is sure $100k EOY GUARANTEED. If you disagree you're a centralized faggot

>>12903801

That's why i bought in 2015. Extrapolating works just fine.

>>12903884
I have 3 channels so far about $15-20 in each but ah I don't know
We need AMP and better routing
The issue of incoming money is sort of fucked too
It's funny that people claimed LN is fractional reserve when it's basically the opposite needing inbound and outbound liquidity
I was hoping this would get my hopes up in the bear market but it kind of did the opposite lol
But I'm a noob and this is some new technology not completed yet, we'll see

>>12903895
> EOY
maybe in 2 or 3 years

>>12903965
Time for the BSV red pill. Dont let the agenda of the BTC shills destroy your way to financial independence. Try to take a objective look at it.

You are welcome.

>>12904265
how is this for an objective look at BSV and their shills.

https://www.youtube.com/watch?v=8hxe0GnrmjA

watch these retards fumble their way through a basic explanation of what bitcoin is starting at about 3:30

>>12903726
delet dis rn anon

>>12903681
stop copying twitter threads, faggot

>>12904265
Bsv and everything else is total garbage lol trust me I'm testing LN for a reason
It's just not as developed as I thought it was

>good goy, boost the price up so I can sell you my bad bags.

>>12903726
I can already visualize the reddit threads after this graph becomes a reality.
>"I put my wive's son's college fund into bitcoin at $105k, it's going to $500k, right guys? Please tell me $65k is just a temporary dip."

>>12903728
it's what i'm counting on yeah. but could go all wrong so i can't be all in. 10% tops lads!

>>12904457
That thought makes me feel sick lol but the USD is heading towards hyperinflation so it might work out for them although at 100k+ btc there's got to other investments depending on the climate of the economy and stuff

>>12903728
this, the risk:reward is literally insane at this price

>at least 20x for new ATH
>risk it drops to 1/20? almost impossible

cant wait to see next wave of nocoiners get triggered in 2020

i have $1000-1200 to invest soon (tax return). should i dive into BTC exclusively? are alts even worth it?

>>12904512
it can drop to $1k perfectly possible. but yeah i don't believe it will either.

Never in our lives will we see such a favorable asymmetric risk opportunity as this one.

If you have disposable income and a little chutzpah you should be invested in BTC

>>12903681
LINK is the future

>>12903726
this chart shows how deluded you are LMAO

>>12903748
>>12903728
>>12903726
>>12903717
>>12903695
>>12903688
>>12903681
based company moguls telling their sheep employees to FUD bitcoin so they can buy more

>>12903681
Just read this thread on Twitter, what's up

We literally don't need mass adoption for BTC to hit 1 million. It's just about the liquidity of bitcoins on exchanges. The more bitcoins we hold. Bitcoins get less liquid on exchange order books, and it gets much easier to push the price up.

Early original Bitcoin pre-2014 =/= blockstream ln segwit bullshit coin

>>12905503
Just HODL bro

>>12905553

Hodl =/= intrinsic value

Need "use value" in there too, which was taken out - morphed into 3rd party custodial ln coin

Yeah.

FUCK THAT.

>>12905572
there is no such thing as intrinsic value. all valuations are memes relative to other memes.

>>12903681
This time is unironically different. We reached mainstream attention. Fucking grandmas were asking about "this bitcoines thing". Katy Perry was shilling crypto to millions of followers on instagram. Now there's futures (which have ruined every market they have been put into), shorts, barts and thousands of shitcoins (and more created everyday thanks to your russian overlord). The normies came and got burned. Institutional money is a meme. They will rather use the blockchain without tokenization.
Price was over $20,000. Twenty thousand dollars. Who will pay so much for BTC? You have to admit for the average joe it isn't rewarding to be buying 0.02334231 BTC. There is a psychology thing on this.
I don't say it won´t go up. I think by the next halvening (not the one to 6 BTC, but the one to 3) we may reach 50-60k in price, but that is a very optimistic scenario.

>>12903681
COPE

>>12903681
2k needs to be touched before bear is over

>>12905539
so a client from 2013 would sync up with which fork?

>>12906188
>needs to
there is no such thing except in your head.

>>12906215
virtually all of your posts are garbage tier.
can you please fuck off to somewhere else? thank you.

Has anyone in this thread ever actually used bitcoin to buy something other than drugs on Tor?

>>12906275
fuck off sv pajeet!

>>12906281
I use bitcoin to by coffee everyday using cash app

OP post is unironically bearish
World wide attention hit, regardless if faggots denied it and didn't buy in
WORLD WIDE attention hit, as in most people at least knew about it in all countries

>Katy Perry crypto nails
Enough said, it is very very unlikely another wave comes and stupid money rushes in again. As in every shitcoin pumps 200% on the odd day. Do you not understand? People got burned, you think they are gonna ship in their 50k life savings again when they got bagged last time?

This is now the scenario.
>Normie sees bitgoy pumping a little
>rubs hands and runs scheme in his head
>heh, i'm gonna dump on these fags before they dump on me
>multiply by 10 million normies with the same though
>Bulls pump gets eternally rekt by vengeful normies smashing the sell button

>>12906320
>normies become self-aware scenario
lmao

>>12905539
>>12904265
Calvin Ayer's telemarketing budget has to run out at some point.

>>12904788
CHECKED

>>12906320
can I have 60 and 62 pls

>>12906335
i find zombie apocalypse more likely

btw did you notice that american z-day is full on chaos shouting and shooting and looting and then everyone dies and the survivors eat each other... meanwhile brittish z-day is the government not only stays intact but bureaucracy takes it in the strides there is a process for everything people remain very polite for the most part and learn to live with their new hungry neighbors barely a few lynching of the afflicted.

>>12906320
normies are very forgetful

>>12906320
normies already sold
you fucking cretin

>>12903865
cucked and dickpilled