/biz/ - Business & Finance

>>22893129
3. 3 united states dollars.

>>22893194

Do you actually believe this? I think even if we got a hard crash with a second lockdown it would dip to 5k at most. What makes you think it would crash completely?

1-10 million each.
I can see one sat being a dollar so that would be about 8 million for one btc

the more people keep pumping out shitcoins and shittokens, the less likely btc is to ever see $100k. This is all a plan of the jews

>>22893129
if btc gets 20% of gold market thats 1.5T ($50k).
if btc gets 20% of gold market it can get 100%
if btc gets 100% of gold it then it starts to swallow equities and housing premiums.
at that point $5-10m end goal is possible. SoV are winner-take-all assets classes so literally the big get bigger

>>22893129
I don’t believe this btc will be utilized as a day to day currency, but more like a place to store wealth. Think more of gold valuation at 9 trillion. I see it being valued in a similar way. So if btc matches gold in terms of adoption it would price btc at 450k per btc.

>>22893252
>can see one sat being a dollar so that would be about 8 million for one btc
I'm guessing you sat in the corner chewing on crayons in math class as a kid?

>>22893303
Problem is if bitcoin start to swallow everything why would the government just shut it down and replace it with government bitcoin basically pre-mined

red pill me, why would any government ever allow a decentralized currency to be used as a general form of payment? What's stopping them to prohibiting the use of decentralized crypto as money when it become a threat to fiat, and arresting everyone that accepts or even posses btc (or any other non regulated, decentralized coin that can't be taxed?)

>>22893324

But if it ever fully replaces Gold what would stop it from being adopted further? A lot of people wanna buy Gold, but ultimately don't because they don't know where to get it, don't know where to store it, don't know if they buy real gold, are afraid it's getting stolen etc.
If Bitcoin ever replaces Gold as store of value it would far FAR outgrow it.

>>22893411

How would they do that? If it reaches the point of common adoption it's basically impossible to shut down. That's the entire point of Bitcoin

>>22893412
>decentralized coin that can't be taxed?
BTC is an open ledger though, which makes it perfectly taxable so long as all onramps are KYC. Mass bitcoin adoption would make it vastly harder to evade taxation.

>>22893412

Because that would cause a violent revolution. The government couldn't do this without any other basis than admitting that people are slaves to the government and do not get any true financial freedom.

>>22893129
CME leverages gold bullion at a 500:1 ratio. Do you honestly think they won't dump a shit ton of nonexistant BTC on market for the sake of wrecking the price?

>>22893324
gold is an obvious competitor. but less obvious is housing and stocks.

do you think people are really buying $250M Manhattan condos because they feel $1.2M per sq/ft is reasonable use of money for living? obviously not, its just another bank account to shove money in.
The problem with these alt bank accounts (art, non-dividend paying stocks, housing). Is that they are very illiquid.
This is where a digital SoV shines and could easily gobble up 30-60T in these low-hanging fruit.


>>22893411
yes, the gov is going to move against the banks and ultra wealthy. happens all the time. the senators themselves won't own bitcoin and will take vows of poverty because senators love the country and only pass laws that benefit the country and are never pass laws that benefit their wealthy benefactors. this and other fairy tales are taught in schools regularly. I see you were exposed?

>>22893236
>Do you actually believe this?
yes
>What makes you think it would crash completely?
jail time for any crypto holder, circa 2025

>>22893499
Like always, the government could use other arguments to forbid it like its relation to money laundering, its use in drugs, crime etc.
Doesn't matter if the arguments are real, it's all a big propaganda machine anyway. Normie won't care and crypto becomes criminalized.

>>22893453
>>22893489
>>22893499
Good answers I’m now a btc maxipad

>>22893525
they may try.
but why can they rehypothecate gold so easily? because its such a pain in the ass to take physical possession....we aren't talking about taking possession of 10oz of coins, but try moving around 10B in gold. thus paper gold dominates.
its as easy to move 100B in bitcoin as it is to send an email, thus rehypothecation schemes will fail

>>22893412
Countries are in direct competition with each other. Banning btc would lead to sabotaging ourselves. Countries that adopt it will have sounder money and will be less risk of hyper inflation. If all countries adopted it except say the US. The dollar would go down the toilet

>>22893534
>yes, the gov is going to move against the banks and ultra wealthy.
The wealthy can make massive short position bets against BTC then the government will forbid it. Just like that they will take all your money

>>22893129
i feel like if it ever reaches ATH again, normans are gonna fomo, and since they will buy for the gains, and not for the store of value that it really is, its gonna be a glorious bubble

>>22893606
That's a complete hypothetical with zero evidence to back up what you've just claimed.

>>22893576

I don't believe Bitcoin will be only viable coin, but it will obviously be big. Normies are scared of Crypto Currencies and don't understand them. Only a low percent even dared to buy Bitcoin. You won't get normies to adopt ETH GAS or LINK or UNI Or whatever anytime soon. That road is still a long way to go. But if Bitcoin is successful the Altcoins will follow eventually

>>22893650
Altcoins are currently leading, not following.

>>22893621

>The wealthy can make massive short position bets against BTC then the government will forbid it. Just like that they will take all your money

What
I think I'm missing a few steps here

>>22893621
>the wealthy dont like making money and dont to own a pan-national new asset class that gives them ultimate freedom from gov control.
ok

>>22893632

If the last FOMO didn't kill Bitcoin, the next one won't either. I actually hope another normie FOMO happens again cause I wanna ride that swing again for accumulation

>>22893671

Currently crypto has disappeared from the public eye almost completely. If attention comes back to the crypto market the first coin people will look at will be Bitcoin

>>22893525
This won't matter. During bullrun, supply on spot exchanges plummets and spot price is the driver.

>>22893689
You can put on massive short positions at the CME and other exchanges. If they want to ban crypto they can make a shit load of money shorting it just before it gets banned.
>>22893716
The wealthy are the government. Laws are passed to benefit the wealthy. If they want to fleece the tards, they'll do it.

>>22893775
Link, an ERC20 token already sees higher volume than BTC on normie exchanges. BTC is the laggard, not the leader.

>>22893817

That sounds like an absolutely retarded plan.

>>22893791
>This won't matter. During bullrun, supply on spot exchanges plummets and spot price is the driver.
The price tanked the very day that CME offer futures on BTC. They brought that bullrun to a screeching halt.

>>22893746
i didtn say it was going to kill it, just another big wave on the chart. the hard thing to know is when and if the bubble will pop

>>22893846

There is no such thing as a "normie exchange"
Normies don't know what an exchange is. You're too far into the matter to realize that the average person barely understands the concept of Bitcoin. You won't hear about Linkchain in MSM anytime soon. Heck even Ethereum getting namedropped is a miracle

>>22893853
That plan already started in 2017. CME crushed the bullmarket and BTC has been shitshow ever since.

>>22893917

Do you really think the CME was the reason for the end of Bitcoins bullrun?
Not the fact that an increasing number of people that didn't know what they were doing got into the market and crashed right as their burned their fingers?

>>22893853
>common-core mathlette
>you can make more money shorting something to 0 rather than just investing in it allowing to go to infinity....
doesn't make any mathematical sense.....so they are going to first buy all the supply to then short it and sell it into nothing? why not just print their monopoly money and buy it like they do with literally everything else?

>>22893489
but governments want tax people for holding wealth, potential profits, buying different types of goods are taxed differently etc etc. and what's to stop me from sending my btc through a mixer, saying someone robbed me and then spend my btc taxfree.

>>22893499
>the same violent revolution that's been happening in China for decades? lol

>>22894109
>Do you really think the CME was the reason for the end of Bitcoins bullrun?
Yes. The bullrun ended when they offered futures on BTC. The very same day. Check the timing for yourself

>>22894168
Hey retard, they don't need to own BTC to short it. Margin accounts are funded with treasury bonds, not the underlying asset.

>>22893671
They appear to be 'leading' only because BTC has been relatively stable recently. A 20% green OR red dildo on the BTC/USD chart would murder alt markets for months, and we're overdue for one.

>>22894211
Mixers are easy to trace. If you claim to the government someone stole your money out of your wallet, then effectively it HAS been stolen, because all the wallets the funds travel to will be flagged and if you ever try to cash out from any of them ever again you will get thrown in the slammer for fraud.

>>22894617
>A 20% green OR red dildo on the BTC/USD chart would murder alt markets for months
That theory is so far unproven and to the contrary, BTC is by far the laggard compared to newer alts.

>>22893846
Its an erc677 token tho

Infinity
https://youtu.be/z2CIiES_xxk

>>22893129
I still think that 20k was the absolute top. It wont ever become a cirrency and people understood this. Normies got burned and won't buy again. Some other coin or token will flip it soon enough, probably eth

>>22895352
ngmi lel

>>22893411
Don't underestimate them, they are mostly retarded and just roll with whatever situation forces itself on them

>>22893129

$10,000,000

>>22893499
You overestimate normies and cryptofags, they won't do anything

>>22893303
>>22893324
>>22893414
gold and bitcoin have completely different use cases, they aren’t in competition. think about the properties of gold and the properties of bitcoin, if you’re going to insist on the “store of value” meme at least accept that there can be multiple ways to “store value” depending on what you’re hedging against

>>22893236
>it would dip to 5k at most.
If that happens Bitcoin is dead, mining won't be profitable anymore at that level since the halvening in May. Difficulty readjustment is severely flawed.
It will never reach a new ATH because of the TPS/fees bottleneck and LN being a scam. Billionaires will forever prefer gold as a SoV.
In a fantasy scenario that BTC manages to always stay above ~$7k levels, the halvening in 2024 will 100% for sure kill it for good.

What the fuck
An actual interesting thread on /biz/
What's going on??

bumb

>>22896285
Which one is Ethereum?

>>22893411
>if gold started to swallow everything why wouldn't the government just shut it down and replace it with plastic gold

>>22893499
>Lolbertatians are going to start a violent revolution over bitcoin

>>22893129
123

>>22893621
Doesn't matter. 1 BTC = 1 BTC.

>>22894783
What do you even mean by laggard? You mean other things have gone up more than bitcoin lately? Go look back for years, alts flourish when bitcoin remains stable. BTC pumps and dumps cause the entire alt market to turtle up for a while while money tries to chase the easy gains (pump) or tether up to weather the storm (dump).

If you see alts go up and BTC stay flat and conclude that BTC is getting left behind, it means you're the newest of fags and haven't even been here for a complete btc/alt cycle. Alts only do anything by grace of daddy shitcoin. He giveth and, in due time, he taketh away. Every time.