/biz/ - Business & Finance

thanks for the reminder btc is bound to moon

kek

But the halfening didn't fail what the halfening did was reduce the supply of newly minted BTC by half.

>>20688226
Because you touch yourself at night and can’t count to 18 months

because we would need 1.5 trillion dollars entering the market in the next couple of years

>>20688567
how many trillions did they just print a few months ago, I forgot already

>>20688226
I highly doubt that btc will hit 100k EOY but seriously OP look at the previous fucking halving and tell me how this current one has "failed" this soon

because there's already a shit ton of BTC circulating around. miners getting fewer BTC per block just isn't significant anymore.

>>20688595
you'll see the consequences of that very soon, my fren

>>20688226
who said it failed?

looks good right on track to be honest
i certainly expected worse

>>20688698
you know that faggot moved the chart to the right after it didn't pan out right?

>>20689014
so did he generate a mathematical regression from data points or is just a best fit model? cuz it looks like a best fit model.

>>20688598
It was already in an upward trajectory last time. Now its just going sideways and will probably collapse. Its been a huge disappointment and now miners are going to quit.

>>20689014
why would he put the upward trajectory as happening immediately after (or even before) the halving? what a retard. no wonder he doesn't show his face

>>20689319

>>20689319
Because the reward is literally cut in half over night which means half the selling pressure. The fact that its not even having an impact proves that its a complete failure.

>>20690066
that's not what happened in 2016 so I don't know why anyone would think it would happen this time

>>20689014
doesn't really matter where you put the lines it1S pretty arbitrary the only rule is it has to be between two halvings.

>>20688226
Because BTC is now an index of the US markets.

>>20690101
not this fucking guy again

>>20690101
there is no correlation between stocks and bitcoin
the correlation is between investor risk appetite

Halving didn't have the price effect this time because miners are no longer dumping hardware after each event; ASICs are as good as they're going to get. No hardware dump = no miner capitulation = no supply shock.

>>20690167
if you look at the dots it's right on track nothing unusual happened just more bullish than the last halving if slightly.

>>20688226
>halving fail
it didn't
the inflation halved
that's it

>>20690262
And that should mean the price is going up because there is less supply. It has proven that there just isn't any real demand for bitcoin.

>>20690960
You're literally and unironically fucking dumb.

>>20688226
No it did not glownigger

>>20688226

Mass exodus out of BTC into gold and silver mining stocks coming soon.

https://www.youtube.com/watch?v=20Co9ZxYa6A

Then what little market-cap of BTC remains, goes to zero when we return to a gold standard. BTC-investors about to get wiped out. Coin is a worthless ponzi with no use-case even if you do believe in crypto. Get out, and get out fast.

>>20689098
Miners are bullish

>>20691533
They are mining out of desperation. Soon they are all going to capitulate and throw in the towel.

>>20691740
>they are spending billions more every year on rnd, land, electricity and equipment out of desperation!
>they will throw away the billions they invested and haven’t recouped on soon

Is being a bitcoin bear a mental deficiency?

>>20691803
It is. These fucking retards believe their completely irrelevant shitcoin can somehow dethrone Bitcoin.

>>20691521
I'm very bullish on gold and silver right now but the idea that somehow they can't coexist with crypto at least in the short term is fucking retarded.

>>20691877
I think thats more-so just poorfags who think they missed the boat injecting massive doses of hopium into their veins.

Actual crypto/bitcoin bears might just be mentally retarded.

>>20688226
Coronavirus, along with "lengthening cycle theory". Of course it's all speculation ;)

>>20688226
>failed
go ahead and cash out before eoy 2021 OP while we slowly climb back to ath.

>>20691882

You imagined that I used the word "crypto" instead of "BTC" in my post. However, even crypto itself is highly dubious; although a few select coins do have a use-case, like XMR. There's a reason why Peter Schiff has been so aggressive about this subject. Crypto is a competitor with gold just as the dollar is. The 2017 bull-run was based on the idea of a "new paradigm" in which crypto was the "new gold." Makes me wonder if Barely Sociable was right that Satoshi really is Adam Back, and BTC was invented by the banks to take the wind out of gold's sails for a few more years. At any rate, nobody is stupid enough to believe that BTC is anything but a ponzi-scheme now; and, as for every other coin, what reasonable person is going to waste their time gambling on which one _might_ win, when they can simply buy a gold mining stock, and know that their money will go up 10x? It's so obvious what is going to happen.

Getting ready to pump thus dumping all alts

>>20691882
If bitcoin is digital gold then why is it stagnating while real gold is hitting new ATHs? Seems to show that bitcoin is not very good digital gold.

>>20688628
Just like we were told would see the consequences of them printing money in the 2008 financial crisis?

>>20692154
Investing in debt laden companies known for issuing new stock, diluting holders is a shitty investment. Nobody can guarantee a 10x

Bitcoin is gold that can be transported over communication lines, there is no comparison in the SOV competition. Bitcoin is the hardest money ever, in the history of mankind. Ponzi schemes don’t get to 170B valuations, there is something else at work. By continuing to ignore the fastest growing asset and human network of the past 10 years will be a tremendous disappointment for you. Laws don’t get passed to custody ponzi schemes in the US.

>>20688226
a pandemic which stunted economic growth

>>20692368
How can something be hard if it doesn't exist in the real world. And also, bitcoin is a ponzi.

>>20692325
What do you mean? There were consequences, more over, we never recovered entirely. Besides, the same trick never works twice in a row.

>>20692643
Hard as in the concept of hard money (having intrinsic value). The real ponzi is fiat money, bitcoin value goes higher in time, not lower. Best performing asset in the last 10 years. Now go check the purchasing power of USD, Euro, etc.

>>20692310
stagnating?

>>20692643
You are literally posting on a global network that doesn’t exist in the real world. You are really stupid man.

>>20692742
$140 in 30 days or $500 in 5 days?

Yeah, I'm thinking based.

>>20692777

>>20692643
>You can't touch math so it doesn't exist bro
Are you a marxist by any chance?

>>20692742
Its been ranging between 9-10k for months now. The bitcoin price has objectively matured after 10 years and this is long term price range. There are not going to be anymore bull runs.

>>20692368

GDXJ is going up 10x simply on the basis of the price of gold alone. The absolute worst companies are going to soar. Look at Spanish Mountain Gold. One of the worst management teams in the world; but having ten million ounces of gold in the ground made them go up 4x in a matter of days, once Don Durrett brought the company to people's attention.

>>Ponzi schemes don’t get to 170B valuations, there is something else at work.

Investigate the Mississippi Bubble and the history of John Law in France. Far greater bubble than Bitcoin was. Also the South Sea Bubble, which fooled even Isaac Newton into buying back in at the top after he got in early.

BCH, ETH, XMR, are far more promising than BTC if you really do believe in crypto; BTC is hamstringed by its memory-size, and can never serve more than a minuscule fraction of the world's population even if the Lightning Network does get implemented. Research the history of this. See what Mike Hearn has to say about it.

https://blog.plan99.net/the-resolution-of-the-bitcoin-experiment-dabb30201f7

>>20692839
I think you're shitposting but there are probably people who actually think this

>>20692853
Okay Boomer

>>20692865
Imagine being this dumb lol. Life must be a breeze

>>20692882
gottem ;-)

>>20692853
I have more than researched Bitcoin. Junior Gold miners go bankrupt all the time, they are not good investments. I know who John Law is and what the Mississippi bubble are. You can’t just compare two entirely different scenarios and asset classes that share zero fundamentals and say the same applies to bitcoin, it is beyond ignorant and dishonest. Bitcoin today is not Bitcoin tomorrow, the protocol isn’t frozen in this state, Bitcoin development is daily and is the best funded development in crypto. The risk to reward ratio far outclasses any asset class in the world currently.

>>20692839
Its been ranging between $250 and $500 for months now. The bitcoin price has objectively matured after 5 years and this is long term price range. There are not going to be anymore bull runs.

>>20692969
Its funny, people have been saying the same exact things about Bitcoin since 2011. Yet, here we are at 10,000$ and they continue to parrot the same exact things, just changing the number.

People will say it again at 100K, 1M, 10M. You can’t change the minds of the ignorant, just let BTC do the thing its been doing for the past 10 years.

>>20692943

Junior gold miners have been going bankrupt during one of the worst bear-markets in history, yes. That bear-market is now coming to an end, and gold is going into a ferocious bull-market which will draw up every junior miner with it. The list of junior miners which I gave to /biz/ exactly one month ago has doubled. >>20597543 >>20603169 I felt no hesitation in giving that list, because the fundamentals demand that, if gold and silver rise, and they will rise, junior miners will rise with them, exponentially.

My point about John Law was in answer to this statement of yours: "Ponzi schemes don’t get to 170B valuations, there is something else at work." My analogy was perfect. John Law created a ponzi-scheme which was on a level with Bitcoin. Hence the market-cap of Bitcoin is not, in and of itself, an argument that Bitcoin is not a ponzi-scheme.

Read what Mike Hearn says in that article, and consider that nothing has changed. The Lightning Network is always two years away; and even the Lightning Network, as I have said, is not an answer to BTC's problems. The end-point of BTC is to rely on second-layer solutions which track and trace everything you do. BTC is evil.

>>20693054
Bitcoin is entirely dissimilar to fractional banking, John Laws creation. It is literally the opposite, meant to stop his dangerous creation.

I’m glad you’ve done well on your JR gold miners this past few months. But lets zoom out and see how well JR gold miners have performed against Bitcoin in the past 10 years, 5 years, 3 years even? Not so well. Yes there are a handful you can pick with hindsight bias that have outperformed in recent history. Bitcoin is not at all comparable to fractional reserve banking ponzi schemes, its not a good comparison flat out. I think gold and silver will do well in the coming years no doubt, I think Bitcoin will continue to do better. Gold can go up and your JR miner can go bust and issue new shares. Goodluck with your investments, we aren’t going to agree here. Only time will tell who was right.

>>20692325
>what is the current housing market
>what is shitty barely affordable living

>>20693289

>Bitcoin is entirely dissimilar to fractional banking, John Laws creation. It is literally the opposite, meant to stop his dangerous creation.

An analogy only concerns the point at issue. The point at issue was market-cap. You said that Bitcoin had a high market-cap, ergo it couldn't be a ponzi-scheme. I then showed you a high market-cap scheme from history which really was a ponzi-scheme. When you bring in other qualities, and compare those instead, you are shifting the goalposts.

>But lets zoom out and see how well JR gold miners have performed against Bitcoin in the past 10 years, 5 years, 3 years even? Not so well.

Don't make the mistake of chasing yesterday's news. It is very well possible that the crypto bubble popped in 2017, and that crypto may now go into a bear market or stagnate. The euphoria has come and gone. Bull markets come and go in cycles, and bear markets are the authors of bull markets, as Rick Rule says. People constantly miss the opportunity of a lifetime, because they presume that what has been recently, always will be, instead of looking for objective value and getting in at the bottom.

By the way, bear in mind that I do not even recommend investing in small-caps for everybody. My posts always point out that no one small-cap should take more than 1-3% of a person's net-worth, and that most people should stick to the GDXJ and SILJ.

Its cute how boomercoiners don't give up shilling there 1000x, over 200 years. Keep your bags, die with them