/biz/ - Business & Finance

>>13716304
COPE

>>13716304
Agreed. We are going to Sub $2k. Bitcoin CANNOT go on a bullrun because of fees

DIE BITCOIN, DIE!

>>13716304
maybe you should educate yourself on the halvening

>>13716336
nice false flag faggot. how can bitcoin be adopted if it costs $500 to send $30 (and it would have kept on going this high if not for a bear market to get rid of majority of tx activity) .

>>13716304
and now everybody know about it and its potential. Imagine the mass FOMO when the news outlets start talking about it when its 10 or 20k again.

we gonna moon so hard

>>13716353
So should I sell?

>>13716304
Nice FUD.
Is the cope? Or is this paid FUD?

>>13716364
did you even look at this pic nigga? no.

>>13716304

Another anon that believes that normies with there 5-20k crypto buys moved the price to 20,000$ /BTC..

When do you start to understand that small normie buy ins dont matter, whales will keep on there play and they use the normie buy orderds to actually cash out some of there founds, everything else is just a cycle as long as we dont hit real big market cap numbers and a active bank / investment broker traded liquidity

I guess my BTC will just have to go to $0 then oh well. You're still not getting me to sell though faggot, lel

>>13716304
>Something like pic related is the future for bitcoin. Just cycles of mini bubbles that will never surpass ATH.

OP is so fucking based and redpilled (unironically).

Everyone is using bitcoin's history, which spans the grand scale of 10 whole years, to try to predict what the future for it will be, even though every bubble/crash cycle has taken place in a COMPLETELY different market, with completely different variables, players, and overall mentalities. It's not an inevitability that this is going to rise exponentially again just because it has done so a few times.

If crypto ever goes into a true bull cycle again to break and exceed ATH, it's not going to be on pure retail FOMO, it's going to be because crypto will have actually moved forward and DONE SOMETHING in the real world in some way. Given its track record (which is literally ALL fucking talk), good luck with that.

>muh halvening meme
Remember when sub-$6K BTC was considered totally impossible due to muh mining costs, and then it dropped another 50% from there and stayed below $6K for half a year?

This might come as a shock, but maybe the halvening WON'T cause the 10x that literally 100% of the people in this space are so sure that it will? When everyone in a market (especially /biz/) is "sure" of something, what usually happens? Once a large group of people has piled onto something and convinced themselves that they're going to get huge returns on it, what usually happens?

You all bitch and cry about bobos stepping on your moonboy dreams, but you need us around so badly.

>>13716304

>>13716304
peaked my ass

>>13716419
>>13716399
i am not saying bitcoin will go to zero. what the fuck is wrong with retarded moonboys like you. I said bitcoin will have multiple bubble cycles, of which none will surpass ATH. I doubt bitcoin will ever go below $2k again imo.

>When do you start to understand that small normie buy ins dont matter
>10's of millions of people buying in within a timespan of less than a month with $500-$5k each does not matter
ok.jpg

>>13716852
>typical brainlet post

Cope posting from brainlets pretty much ensures another 20k Christmas. Buying some more.

>>13716304
BTC cant handle too many transactions and cant scale. Thats why we have NANO, the true satoshis vision Bitcoin.

>>13716852
pic related is log chart for gold... the first decade and a half looks just like log chart for bitcoin huh?
>it will just keep going up forever
until it doesnt

>>13716891
time will tell faggot i'm fine either way are you?

>>13716353
>>13716903
relax you both are agreeing with each other

>>13716877
second part of that post is meant for >>13716404

>When do you start to understand that small normie buy ins dont matter
>10's of millions of people buying in within a timespan of less than a month with $500-$5k each does not matter
ok.jpg

>>13716921
bitcoin will go up forever because gold is an infinite inflationary asset that loses value over time and bitcoin is a deflationary asset designed to be finite.

>>13716940
you absolute fucking retarded stupid faggot how is gold an infinite inflationary asset you moron

>>13716940
bitcoin is an inflationary asset until the year 2140. Literally more than a century away until bitcoin becomes deflationary.

>>13716921
I think most of us agree and don't care or mind if BTC does what you are describing.
I appreciate the info. But you realize most of us have bought in a variety of low prices so we sort of expect what you are describing.

But 'muh gold logs' don't apply here.
Another anon said the 4th industrial revolution.....you can't see past paradigm shifts, brother.
You are in one.

>>13716957
there is infinite amount of it in the universe it's basically star crap. and it's inflationary because it is mined at an exponentially increasing rate.

Yeah you're right op it's different this time

>>13716962
well supply change compared to demand change make it already deflationary value wise. even tho technically the amount increases.

>>13716852
just curious, what program are you lookin at

>>13716304
Just buy back. It's ok to take a bit of a loss.

>>13716962
More precious than gold in less than a decade in terms of stock to flow, that's what really matters.

>>13717005
dunno not my chart i just really like it because it's the closest thing to a curve actually tracking bitcoin valuation.

>>13716304
lol i almost feel bad for you because youre going to miss out
please dont kill yourself when btc is over 100k

>>13717022
gold itself is deprecated in terms of store of value
too fucking heavy

>>13717022
there is 6 billion ounce of gold already mined and 80 million ounce mined each year (and increasing). compared to bitcoin of which most is already mined only like 10% of the supply left and the rate of production going to be decreasing over time.

i don't know how you can compare the two.

>>13717033
heaviest bags on earth will be holding gold when bitcoin flips the market cap.

>>13716304
In 2017 you couldn't shop at Whole Foods(soon Amazon) with crypto, you couldn't buy coffee at starbucks with crypto, you couldn't tell your financial advisor to get you into a crypto fund. you're an idiot if you can't see how far the crypto space has come and how much it's grown. you're a literal retard.

>>13716353
To keep poor people out of the new Industrial Revolution. Sorry you're a pleb.

>>13716304
Did you forget fidelity will be trading for boomers?

>>13716940
>it's supply is limited, therefore it's valuable
There's only one of you, pal. Does that make you more than worthless?

>>13716962
Lost coins is estimated to be 2% every year, so after the next halving bitcoin is deflationary

>>13716976
>>13716957
gold has limited use value. no one will want or have money to buy your shiny rocks during an economic collapse or because gold too, will collapse.