/biz/ - Business & Finance

>>14486332
Please anons there must be something wrong in my math it's not possible for btc to reach 500k in two years or should not be.

There must be a mistake there.

>>14486332
Cocaine

>>14486370
The absolute shitcoins went from 1$ to 100$ in a year or two
I don't believe in impossible anymore, anon.

>>14486464

you like doing calculations when yo're high?

>>14486476
But 476k in this bullrun i did this as a meme experiment when one anon said we needed 3x the marketcap of gold to reach that number.

It turns out that at current growth the marketcap of gold will be surpassed by september 2021.

Exactly as the Winklevoss Twins said that btc would have a marketcap similar to gold next bullrun.

This is too good to be true there must be something wrong in my calculations.

>>14486512
https://www.youtube.com/watch?v=fVjjTR4LYIA

Fucking newfags

>>14486575
A lot of things will be happening in 2020-2022, anon.
It's ok.

>>14486615
Give advise wise anon , what kinds of things will be happening?

>believing what retarded millennial crypto gamblers tell you

>>14486667
I am not believing anything i did the math of current growth to see if anon was right that we needed 3 times the market cap of gold to reach 1M.

Turns out we need 1.8 to reach that and if the market cap continues growing at the current rate we will reach it in less than two years.

>>14486665
>what kinds of things will be happening?

OP will dilate his gaping flesh wound

>>14486665
Read the Book of Revelation

>he thinks BTC will have that much dominance over crypto mcap

>>14486823
BTC dominance has been growing , litecoin will not steal it because after the halving of ltc everyone will buy btc.

BCH could steal it but with libra that will be delayed as libra will steal bch market.

The rest are either shitcoins or xmr , eth moving to pos will cause trouble and risk and people will jump ship for a time.

BTC dominance only collapsed due to the shitcoin scams of 2017 now it's returning to it's normal place.

>>14486933
>he doesn't know
kek

I don't think you realise how many people are invested in gold. You do realise how long gold has existed and how many generations have been investing in it? Reaching such an insane mcap in 12 years isn't impossible, but highly improbable. I'd say 100k tops this bullrun and slow growth from 2021. Boomers have to die in order for crypto to grow,that will take a while, trust me. Feel free to screen cap.

>>14486332
If you are referring to the real BitCoin, no, the real potential price is much higher because BitCoin is way much more than a "store of value" (ponzi)

If you're referring to BTC that's ludicrous, the fees would be ridiculous, $1,000-10,000 per tx and unusable

>>14487085
Gold has also been cucked by capital taxes and paper certificates supresing the price by creating fake supply.

I think you are probably right but i mean growing at the current rate it seems we will pass gold marketcap faster than i could have expected which is why this blew my mind.

>>14487414
>way much more
?

>>14486332
>remove satoshi's coins
let me stop you right there
also btc will go under $1000 eoy 2022/2023

>>14488067

not impossible to hit 500k
100k-200k is much more likely

we have to see what happens in the next year
a lot of institutions are opening up investment funds
this could gain more money into bitcoin than what gold would receive
the thing is with gold, if the price goes up any anon can pan by the river and make more than the average wage so the inflation percentage of gold is price dependent
bitcoin is totally different

>>14486332
>g-g-guys it only needs 2x the total market cap of the asset that has been regarded as the most valuable since the inception of humanity!
coiners are truly the most delusional people in the world

>>14488205
BTC market cap has grown 75 times in two years , if it continues the same rate we will pass gold marketcap in two years.

>>14488187
Yes instutions will be the key , gold is dead for the average wagie as an hedge against inflation capital taxes when you sell it guarantee that only retarded boomers buy it expecting the zombie apocalypse.

If you buy gold to protect yourself from inflation then you will be rekt selling it years after when you need fiat due to taxes.

With btc you simply can buy stuff directly and avoid that.

>>14488067
i appreciate the fud but that faggot is never gonna tough the genesis wallet in his life.

hmm.
I'm trying to figure this bitcoin shit out so I can buy.
I know people got burned for waiting too late and hopping onto the bandwagon about to overturn.
I'm curious about economics all of sudden.

>>14488187
>>14488343
You goys need to think about what Libra is going to do to the market. If you get all the FB normies into crypto, it's only a matter of time before they catch the fomo.

>>14486332
Roll plz Kek i am so poor

t1f9kpW4LEbHzq8VUuaB9dD4iou7KGtCows

>>14488453
This is what i am saying 470k is not that hard to get with normies fomoing

>>14488453
oh yeah for sure, when the libra starts losing value against bitcoin the normies will notice

>>14488619
And that's the think bitcoin will have 1.80% of yearly inflation , libra will have 3% at best.

This may be the last btc bubble after it we may grow constantly but slowly relative to fiat due to the easy that will be to enter and exit the crypto market with libra.

>>14488689
yeah I'm getting the feeling I'll never sell bitcoin back into fiat it just isn't worth the risk anymore
only my expenses will be converted to fiat if the bills can't be paid in bitcoin but holding fiat or even stocks is becoming too risky

>>14488780
I am starting to think the same thing , the strongest fiat (usd and euro) are at risk of being rekt.
USD by fucking marxist taking power as the democratic party is captured by them and the euro by a pension apocalypse.

On top of that this btc bullrun may end a the start of a financial crisis causing the bubble to not explode.

Anything could happen now.

150k max

Bitcoin reaches a price of $191,289 on November 29th, 2021.

every bullrun is smaller and smaller

>>14486814
ARE WE ALL GOING TO BURN AND GNASH OUR TEETH???? WTF???

>>14489297
I agree with this until a global recession happens which is looking more and more likely

>>14489297
That is until you account this bullrun will have an inflationary component when the bitcoin inflation rate goes bellow fiat inflation rate.

And we will be bellow fiat inflation rate now without an economic crisis.
With an economic crisis we will have half the inflation of fiat currencies as governments print themselves out of the crisis.

What do you think will happen once btc inflation goes bellow fiat?
This bullrun will be stronger than the previous due to that effect in my opinion.

>>14486332

>>14487490
Look into the metanet

>>14489398
but still this numbers for btc looks like legal.
2021 0.16M$
2025 0.64M$
2029 1.28M$
2031 1.92M

>>14486332
I hope so
You are probably right as the real bullrun always started after halving

>>14489297
> every
there are only 2 samples

>>14486332
I think for the price of BTC to push that threshold we will need some sort of outside catalyst to move it to those levels for any extended period of time. Something like mass adoption, or one or more countries pegging a currency to is, or at least partially.
The fact that the supply is so low, and it can be pretty much infinitely divided, means that one BTC under the right circumstances, could very well have no limit to how high it could go.

>>14489843
Based and golden bull pilled

>>14489691
And this halving is the first with an inflationary component.

>>14489843
>could very well have no limit to how high it could go.

A decreasing circulating supply would make the price more volatile. It could go very low if some huge whale hoarding BTC decides to sell their stash, afraid that other whales would sell first. This would trigger a massive self-off, creating a negative feedback loop on the price.

>>14486332
You are right but kikes will do all they can to prevent BTC from climbing that high. It's already calculated that dollar won't be used anymore if BTC hits 213K.
If BTC manages to surpass 213K, it has nowhere to go but higher. At the end we will have new worldwide currency that will replace fiat.

>>14488918
i made that
dank

Transaction fees my dood. Never going to get that high.

>>14490803
High IQ post here. This thread honestly made me realize that /biz/ is full of retards that are still blinded by this dinosaur coin.

>>14490803
First-order thought. Keep going.
The transaction fee will only serve to re-enforce saving and not spending. Thus making it more deflationary.
>>14490999
Waste of digits with such a low IQ pleb tier 'joke.

>>14491068
>muh digital gold

>>14490531
Based

You can't replace fiat if bitcoin has exorbitant fees. If you can't exchange bitcoin for goods and services, you don't have a viable currency.

>>14490999
>BSVLGBTQ is the REAL bitcoin cash!

>>14489398
whilst what u mention is true it's priced in to an extent a lot of ppl know this
next peak only be 70K, one after that maybe 100K then that's it's long term value no more peaks just a steady slow rise

>>14491235
it's not a currency
it's a new type of base asset class like currency but also a sov too

>>14491313
what the fuck "base asset class like currency" even means brainlet

>>14491313
and what can you do with this so callet "asset"?
BTC is worthless

>>14491068
Why not disable the network? It will force saving and thus driving the price way up.

>>14491313
ether can do that a a lot more
>ico
>dao
>pos for the greepeacetard

>>14491544
it will be a magc the gathering card like wallet exchange without the blockchain infrastructure its a great idea anon

>>14491298
I am actually starting to think that btc will go to more than 100k for sure.

100k seems to be extremly pessimistic , while it's true that kyc and blocksize limits make it harder to grow at previous rates any financial crisis will trigger it's value to go up non stop.

it's too late for anyone to stop it , since 85% have already been mined and having such a low inflation means it will go up regardless , i think however than it's going to 300k for sure as absurd at it sounds.

60k requires only 1 tn capitalization and to achieve that btc marketcap has to grow 5x in two years.

And yet from 2015 to 2017(pre halving and post halving) btc marketcap grew 75 fucking times , yes 75 times.

It's foolish to assume that btc marketcap will only grow 5x this time.

Maybe i am wrong but i feel that's the case tough perhaps there is something i am not seeing.

>>14490803
>>14490999
>Lighting Network

imo btc would need to be used as true digital gold. If your sending 2 BTC @ 473k a pop you're looking at potentially $1k+ just in fees.

Would be better to just store wealth and use it when you absolutely need it and use something like nano or xmr as currency. This is unless the devs(another fork) add another layer ontop of btc to lower the fees and raise security of the network.

>>14491433
stocks sit on corp bonds, corp bonds sit on govt bonds, govt bonds sit on fx. banking 101.
own btc you get a piece of the new finiancial system other assets will be tied to.

>>14491593
what ur not seeing is the volume of people buying OTC last year
they didn't need to jack up the price and have lot of what they want now.
i'm bullish btc, not into this 1MM stuff

>>14491593

Sounds like we have the perfect storm brewing to get into 6 figure btc

>Financial recession looming
>Upcoming Election
>China Trade War (Win or loose we still booze)
>Bitcoin/LTC Halving
>Fortune 500 Corporations on boarding
>ETH 3.0
>Facebook Libra
>The 2020 corporate debt tsunami

>>14491886
>QE infinity
>Pension crisis
>ETFs

It's like the perfect storm to cause btc and ltc to moon.

>>14491709
What do you say will be the next ath after the halving?

this is only slightly off

>>14486332
500k seems fine 2 me

>>14492009
you'll get 70K USD for sure, but no one can predict absolute top.
that area.

>>14492059
>tfw that chart shows the price nearly exactly were my shitty math showed in late 2021.

>>14492125
70k seems to be the absolute bottom i mean 5x the market cap and last time we did 75x

And all this memecharts or my meme math has been done on a good economy , imagine what will happen if shit goes to hell for example if breadline sanders or someone like him wins in the usa.

At this point investing in shitcoins is pure retardation , btc destiny in the next two years will be history.
People will write about the crypto bullrun of 2021 for a century.

Also my mememath was done assuming 3m coins + satoshi never entering the market but there is 4m lost.

Even is craig is Satoshi(he's not) and if mtgox jap releases all coins it's insignificant at this point.