/biz/ - Business & Finance

the golden bull , my friend

Could this be the fabled Golden Bull Run?

In 1876 economists and mathematicians theorised the existence of a economic-ecosystem that had reached a form of transcendence - creating an endless positive feedback loop. They proposed that such a system entering this state would begin what they called the Golden Bull Run. Various mathematical models were created to show what this Golden Bull Run would look like.

Through my PhD research I believe cryptocurrency may be entering the early stages of a Golden Bull Run. In this stage early investors could potentially earn an endless supply of wealth - as the system generates tangible wealth rather than just moving it around.

Economists believed that the slow nature of the stock market meant that harmful players could sabotage the emergence of the Golden Bull Run before it could get started. However it looks like the extremely fast paced nature of cryptocurrency means it is not susceptible to these types of attacks.

If I am right we could see something never before experienced in the history of the universe. Hold on while you can - takeoff is imminent.

>>24082552
interesting so this is what they call of golden bull run? Infinite positive feedback.
You said that cryptocurrency have the potential which ones you're referring to? I'm exclusively on bitcoin, what do you think?

>>24082284
That's not what inflationary means. Inflationary means the currency supply increases, not the value.

>>24083316
He's not wrong. In a mathematical sense it is inflationary, in an economic sense you are right of course.

>>24082552
>Golden Bull Run
pasta

>>24083316
That's right I wanted say that bitcoin is deflationary while FIAT is inflationary. there you go..

>>24082284
Anon bitcoin inflation is already below fiat and next year countries will be having massive inflation.
Governments will literally create citadel passports to get our Satoshis and settle their lands.

>>24082284
The fact that people think this will happen creates opportunities for whales to sell.

In this scenario, bitcoin will be used as a title, instead of a currency or store of value.
How many bitcoins you have will define your place in a bitcoin citadel. Everything will be free: food, gas, power, and a roof. Services will be provided by robots, which will be feed by bitcoin's computations in a L3 infrastructure.

>>24083738
The game theory changed even at the peak of the two previous bullrun the rational choice was to move to fiat due to inflation
On the last one at 3.80% inflation you has about 12% loses from inflation alone until next halving and only 6% on fiat.
Now you have more loses moving to fiat so the game theory is different.

>>24083824
this is one of the higher iq anons.
BTC = the ultimate collateral
you signing a message with a wallet will soon have value beyond you transferring that coin.

dullards and nocoiners just have no idea.

Am I stupid for thinking that $100k isn't a big deal because it's only a 5x? If you bought in March then you would have the same profit as if you bought now and it went to $100k.

>>24082284
this is the most retarded post I have read on /biz/ today

>>24084047
Previous cycle was 15-16x over 2013 ATH, anon.
Just divide 19800 by 1200.
Then multiply 19800 by 16.
Its more than 300k. With the bear market floor being between 30 and 60k.

>>24082552
what exactly does tangible wealth mean

There is a conspiracy theory which says that bitcoin is actually feeding an AI with its calculations.
Supposing its true, this AI could very well power up the future bitcoin citadels. The electrical energy being consumed is huge, and PoS shows us its possible to have a ledger without power consumption.

>>24084106
Is it worth putting in a small amount like $100. I don't want to risk putting in at ATH and having it dump

>>24084242
DCA

>>24082552
If you Google this text it's very hard to find an original source can somebody help me find out who wrote this

>>24084242
yes, you will only lose $100 if it tanks.

However, its 2020 not 2017. Things are different; there is more adoption with financial institutions.

You all need to realize that the crash of 2017 was because of mainstream adoption not because institutions pulled out.

This run is different. It will hit $20k without causing a blip on the radar. Why, do you think?

>>24084144
A theoretical point in time where numbers on a screen become actual dollars in your bank account. It has never been achieved and is thought to be impossible to exist in reality.

>>24082552

>>24084326
it's a reddit pasta lol

>>24083841
Also inflation dropped lower then gold, that changed the game too

Here's what people aren't getting..

What are you going to sell it for?

Fiat? The QE just dumped the price of fiat by 20%. If you look up true inflation, you are now going to see twice that; meaning you're going to see your fiat lose purchasing power of 15% a year conservatively. It's like, so you're going to sell your Bitcoin for a stock that goes down 15% a year?

Gold? When JPMorgan just released metrics and charts showing that money is being bled out of gold ETF's and into Grayscale?

Stocks? At an ATH during a recession?

Bonds? Hahahaha well obviously not bonds, and it's likely they will go negative(!).

Real estate? At an ATH? Okay, maybe if you can afford it.

Or Bitcoin, the only programmable, borderless, trustless asset that will not only supersede gold as a store of value but will blow it away as it is superior in all ways and in those that we haven't even thought about yet? When Bitcoin has a market cap that is insignificant relative to gold? Everything is digitizing on a parabola. Bitcoin will see parabolic growth as Millenials (who only now hold 5% of the wealth) are transferred the wealth of the boomers. This will be the greatest wealth transfer in history. Institutions know this and the clever ones are acting now. You haven't seen nothing yet.

>normies taking out a mortgage on a single BTC so they can own all of 1 in 20 years.

>>24084619
Ultra woke

>>24084605
Yes it's a massive game changer the last halving.
Also people don't realize that with Moore law ending miners selling pressure to upgrade asics will disappear due to not being new asics

>>24084216
There is, in fact, a Vishnu on the blockchain.

The funny thing is that even this board isnt hyped yet.

>>24082284
Not gonna happen. Some people will take profit a some point. Within certain ranges 30-45k for instance

>>24084644
And still making it, imagine in five years them trading their house for one

>>24084326
https://steemit.com/steem/@bittopper/could-this-be-the-fabled-golden-bull-run

>>24085693
This.
It's called a market.
People are always buying and selling.
That guy that has less than 10k networth.. he will almost certainly take profits if his networth doubles.
And so on.

>>24082284
it's got to go though lot's of price point and retakes before 100k, like 30k, 60 and so on. It will retake on al of them

Do you use any new Defi now?
What is your opinion/view about DYMMAX: dymmax.com
Found this platform on Probit, they created a referral program there, looks promising. They have super liquidity and professional team

>>24084686
If you like that... You're going to love the michael saylor interviews.

https://twitter.com/scottmelker/status/1324769857091620864?s=21

>>24082552
I didn't know someone else knew about that fable, this is pretty much crazy

I came across that theory too during some history research I was doing in the Paris' national library called the BNF

The Golden Bull Run has its origins in the Golden Bull, an economic treaty signed by the Byzantine Emperors over the centuries.

A local humanist reports in an Alsatian Almanac of 1676 that the underlying idea behind these treaties was to transcend and balance the economy despite the countless quarrels to which it was subjected, including the recurrent treachery of the Byzantine generals.

The end of this text unfortunately proves to be particularly damaged, I couldn't read and understand the rest of it, apart from the alchemical evocation of a flying golden bull that would deliver humanity.

The question I ask myself is how exactly did you come across this same fable? The probability that we're not talking about the same thing seems to me infinitesimal.

I'll need to cash out to buy a mountain estate. Should cost me somewhere between 10 and 20m depending on how the housing market holds up
Of course I will only use 10% of my earnings for this
But it is cashouts like these that lead to a chain reaction and top

>>24085328
Funny thing. CERN uses a Shiva as its symbol.

>>24084357
Well I've been selling/buying off on paypal. And just keeping my initial investment in my wallet. Selling off when I positive at least 200$. And it goes straight to my account where I then have a mastercard for.

>>24086620
the reddit spacing was a good touch

>>24087743
Safe strategy, hope u make it

>>24082552
Based phd pasta is back

>>24082284
TOP KEK
Normies then are left with 100k bags you dummy, it happened last time with 20k bags, people hold them till 7k and then exited with massive looses.
This gotta be a b8

>>24086620
Phoenicians burned children inside golden bull statues as sacrifices to the lord of trade. The ritual became purely symbolic under Rome and over time developed into among other thing the modern piggy bank, a hollow animal figure the bankers use to capture the souls of children to enslave them in the service of the bull god or Ba'al.