/biz/ - Business & Finance

There will be no 80% correction. There will be no fall from $300,000 to 50k.
Grayscale is not a weak hand. Microstrategy is not a weak hand. Fidelity is not a weak hand. The institutions that are buying bitcoin couldn’t give a shit about “when Lambo”. They get lambos for free. They control governments. People expect that hyperbitcoinization will occur with government adoption. companies that are and will buy in the next year, are the ones that have the governments in their pockets.

>>24873192
How delusional are you?

>>24873192
Bitcoin sucks dude. Buy BSV

>Grayscale is not a weak hand. Microstrategy is not a weak hand. Fidelity is not a weak hand.
You do realize these companies could just coordinate a dump once coins reach their price targets?

Cryptocurrencies are not securities and therefore are not regulated which means large funds are free to manipulate the market as they please with little legal repercussions.

Funds do more than just buy and hold.

>>24873303
microstrategy will never buy your shitcoin

>>24873335
>You do realize these companies could just coordinate a dump once coins reach their price targets?
Obviously they don't have our best interests at heart and would dump on us in a second if they could, but they really can't. Their buys had to arranged OTC and their sells would have to be arranged OTC. They're just too big for the retail market to absorb right now

>>24873303
the only reason anyone is willing to buy and hold bitcoins is because other people are also willing

its about brand not performance

nobody wants BSV

>>24873420
They don't have to dump all at once. They could throttle sell.

>>24873208
>>24873192
don’t bother preaching to the high time preference mouth breathing retards here. either they have the willpower to make it, or they don’t. economic natural selection

>>24873335
Honestly I doubt they would do a massive dump like that. It would hurt their credibility of trust as an institution. They will do small sell off when they need cash, but I truly believe these boys believe it is a store of value

>>24873192
your family*

stopped reading here

you are euphoric

your grey matter brain has read to much dystopian fiction

>>24873474
Dude those banks manipulate the foreign exchange all the time, they get punished buts it just a slap on the wrist.

>>24873192
phenomenally based

>>24873469
x)

>>24873474
>It would hurt their credibility of trust as an institution.
It's only the trust of their investors they care about. If they make their investors money without repercussions (for btc there wouldn't be any) that would gain the trust of any potential investor in their funds.

I want to believe

>>24873192
i'm just hoping for a good shakeout to load up some gbtc in my ira

>>24873192

Pasta

>>24873192
nice copy and paste from twitter

>>24873192
Should I move from my mooning shitcoins into btc?

>>24873192
>>24873208
Not gonna sell my btcs, but last time we saw threads exactly like this one.

>>24873335
>and therefore are not regulated
>thinks the federal govt hasn't regulated every activity on earth

>>24873208
As a disciplined holder my erection from your post has become painful and is sure to last 4 hours. Please continue

>>24873192
>>24873208
TopKek
This is the funniest and most retarded thing I have read here in a while
>This time it's different
>Just hold the bags

>>24873192
Based, OP. I don't think most of the guys on /biz/ truly understand what blockchain technology is, what it actually means, or the real reasons that it may have been released. Most people here see it as a way to get rich, a way to buy and sell to increase the amount of government monopoly money that they have. It may have that effect during its adoption, but if you think about it that way the point is completely going over your head. Satoshi Nakamoto didn't release this as internet fun money. It's a weapon. Decentralized currency, if it reached mass adoption, would completely flip the current world order on its head by removing value from the archaic centralized corrupt systems of power. My reasoning only feels more correct when you think about how the rising price of BTC makes normies FOMO in and remove even more value from our smoke and mirrors economy. They do not want this to happen, if they don't move their disproportionate wealth into crypto as soon as possible they will completely lose any value they used to have. That's why they're quietly making moves. We have a limited amount of time to normalize Bitcoin and keep it decentralized in order to destroy the current world order and overthrow the people who pull the strings. If they buy the entire supply or normies sell out once they 3x, it's over. NEVER. EVER. SELL. The amount of power in your hands if you hold even one Bitcoin by 2030 will be insane. They know this. By paying normies to sell at a higher price for fiat, they're basically buying their ability to control your life from you, in their printed monopoly money. To everyone reading - Accumulate as much as possible. Do not hold USD. Treat it like it's on fire (it is) and get rid of it for assets. Institutions are slow, so it took them 10 years to realize the threat and execute a game plan. We are in the final stages. It doesn't matter what your political beliefs are, if you think there are rich people who control the world then HOLD.

>>24874756
advertising got cheap in the pandemic in the UK. So shitty small companies like them can afford it

>>24874813
Thats all there is to say, for now.
>>24874976
You get it

>>24874832
>>24873552
>>24873491
>>24873303
>>24873298
you will be in this pic, if not sooner, then later x)

>>24874976
(cont) This sounds like a schizo rant, and I'm not the most eloquent writer, but I believe this is the case. Whoever Satoshi Nakamoto is/was realized that this was the ultimate weapon to reshape the playing field without another world war. The only way to take down the corrupt world order that was "too big to fail." If you are tired of people who want you broke, dead, your kids raped and brainwashed, and think it's funny, then vote with your wallet. Let's crash this fucking thing.

>>24873208
based

>>24874832
>>24873552
>>24873298
>>24873303
t.

if he ever ended up buying?

>>24874976
>if you hold even one Bitcoin by 2030 will be insane
This is nothing else than saying: Being a millionaire is insane
Congratz anon. Everybody with half a brain can become a millionaire and still, it's nothing after all

>>24874976
Or you could just use your fiat money to buy pieces of the economy: stock in a company, land, etc.

>>24875168
The difference is which direction the money is being siphoned from.

>>24873192
>>24873208
>Institutions are not weak hands
Yes but no
Even if most institutions can see the crash coming they can't stop it, they will instead sell the top and dump on new bagholders
Market psychology is the same just at different scales for different liquidity
Why was there a dotcom bomb after all? A 1929? A 1987?

The boomer hedge funds and family offices are not in yet
This shit is gonna make headlines, both on the way up and the way down

I do share the feeling though that the buy pressure this time will be greater meaning we'll go -75% instead of -85%

>>24875101
>Whoever Satoshi Nakamoto is/was
It was the same collective, that runs our current world
BTC was never a threat for them. All it gave them, was a reason to usher in a CBDC. That doesn't mean you shouldn't buy BTC though.
But don't be delusional and think they couldn't have shut it down in the early days if they didn't want to.

>>24873335

They don't sell. Why do you sell a deflationary currency? It makes no sense to sell it. The game is to use BTC as a base for their own financial products. The price of BTC will increase in the long run. They will use it as collateral to get more fiat and to pump it into other assets to get more fiat to buy in the end more BTC.

Governments won't ban BTC because these institutions who bought bitcoin are then, or are already too big to fail. That's what you perma bobos don't get.

1 BTC will be within the next 5 years the Make it stack.

>>24873192
>>24873208
very powerful op
screencapped

>>24873192
on one hand the average no nations, no borders, pro-diversity retard deserves this because they did everything their masters said on another hand it's going to fuck me too so.

>>24874976
BASED DEPARTMENT CALLING

bitcoin literally doesnt do anything, it's not fun to transact it. you have no incentive to hold it

>>24873192
>you’re family
stopped reading here
you're correct tho

>>24875396
>1 BTC will be within the next 5 years the Make it stack.
What's your take on how long this cycle will be?

>>24875201
Elites want to implement china style government worldwide, there is not going to be shit like market anymore. It's either submit or force work.

>>24875527
I'm not saying btc won't reach 100,000 or even more but its not going to become a replacement for anything.

https://www.ingwb.com/media/2151406/why_bitcoin_to_become_niche_asset.pdf

>>24873192
>Working class wholecoins will start to be few and far between. Because buying a whole coin will require you to sell your house


>>I know this is sad really

the by luck NPC/Normie could not see the true value and got FUD or Shaken out.

>>24873192
bitcoin is slow as fuck to transfer and has insane fees for doing so. absolute dogshit currency

>>24873447
no it's not BTC is restructuring capital arrangement with in society from a US/FIAT version to a BTC verision.

Your stake in BTC is your measure of your worth in this structure.

>>24873563
the banks can only print/fractional reserve or they cease to exist.

both of these actions can only increase BTC fiat value

>>24875758
The only way btc gets used as a currency is if its used to back up other currencies. For example Paypal or Visa issues Paypal tokens/Visa tokens backed by btc. The tokens change hands but the btc is rarely transferred itself. This is similar to how central banks use gold.

A question however...if Visa/PP wanted to do this then why wouldn't they just use gold? Or why would they even back it with anything?

Based

>>24873192
I seriously can’t believe there are people who believe this. Can you imagine BTC at 100T MC? The transactions would be days, the fees would cost as much as 5 year old Toyota. Financial institutions will buy for spectulative reasons only. There’s 0 way they will fucking inject their entire infrastructure into the old, insecure and inefficient tech that is bitcoin.

>>24875758
Do you think BTC as a currency that you use to buy food or something? why did microstrategy and others buy it then?

>>24875893
You’re seriously describing bitcoin as XRP right now? Holy fuck you’re delusional that’s not how shit is going to work. There’s no way to do that and just think about the retarded risks for the banks to do IOUs with an asset as volatile as bitcoin. What the fuck is wrong with you people? This entire thread is dreaming about bitcoin being used like XRP except you’re just making up a bunch of dumb shit that’s never going to happen and there’s 0 evidence of it being in progress.

>>24876161
shitty fud

>there will be no fall
>checks /smg/
>autistic screeching because the 'big bois' shorted another stock leaving retards bagholding

Cryptards are so dumb that they think the institutions don't literally short the fucking market.

>>24875893
>why wouldn't credit card/digital banker use gold, a hard physical asset

The entire point of credit is that it's fakeshit that can be used to infinitely inflate the money supply

>>24876426
Look retard. I know bitcoin maxies are brainlets and all the news they get is mainstream but you need to understand that everything in this thread has been being discussed for many years. There is 0 way bitcoin will be the world reserve currency. It’s just not happening. If you pay attention to regulatiors and their agendas, the US and Europe hate bitcoin because it’s fucking dominated by the Chinese. Do you think we’re going to inject the entire worlds economy into chinas pockets? How dense are you?

>>24873192
I have always loved this pasta OP.
Because it's true... all of it.

>>24873192
Anon I feel you but market cycles and structures still come into play here. Things will become amazing from here but the cycle will continue regardless

Threads like this are a strong signal to buy. I've ignored every single one and I've been reading them since 2010. Finally I do believe institutions are in this time not that it's some new paradigm shift but I think they're starting to buy the meme and their money runs deep.

>>24875101
Its not a schizo rant, anybody who truly understands money, economics, MMT, Bitcoin and the Federal Reserve banking system post 1970 can see this. The thing is most people don’t even have enough pre-requisite knowledge in one of those categories, let alone all of them so the Bitcoin bet is completely lost on them.

Bitcoin is going to be the greatest wealth transfer catalyst since the Bubonic Plague.

>>24873192
>>24873208
cant argue with anything you said

>>24873192
Ok, BTC holders will make it... We all know that... Will shitcoin holders? What about the XRP, Linkies, ect

>>24876821
>Bitcoin is going to be the greatest wealth transfer catalyst since the Bubonic Plague.
But we've already established that you can't use it for everyday transactions.

>>24873192
newfags don't know its a copypasta

>>24876918
Who the fuck is “we” and how retarded are you to think that is the lynchpin of Bitcoins success. The bond market is hundreds of trillions and nobody is using bonds to buy groceries dumbass. Bitcoin is not for simpletons to buy coffee at Starbucks, it is so much more than that.

>>24873192
STOP! I can only get so erect. It hurts anon.

>>24877022
> it is so much more than that
Explain how you think it will be used then.

Hopium straight into my veins you got any more

>>24873192
Lo whatever bro I just need something to pay for steroids with

Powerful thread

>>24877132
I don’t know you nor do I care about you. I have no incentive to spoonfeed you information. Bitcoin is succeeding with or without you.

Bitcoin is the world premier bearer instrument and treasury asset with massive verticals outside of those things due to imbedded programmability. If you can’t fathom applications for that you are a waste of energy.

>>24877409
Do you realize how delusional you sound? What happens if Bitcoin fails, are you going to kill yourself?

>>24877479

>>24875724
yea i dont think anyones forking bitcoin for its code anymore but instead use what ethereum has to offer to launch their own tokens. i'll read this

>>24877511
>tfw they were right all along

>>24873192
ive been posting this for a year the 1% global hedge is a real thing bitcoin will easily go to 1.84m

>>24877479
Innovators and those with foresight always sound delusional to dumbed down lemmings. “Crazy” ideas are the only ones that change the world.

Don’t worry about my financial situation your transparent “concern” doesn’t sway me a hair.

>>24877539
also its not helping that people are comparing bitcoins price to USDT, we need to wait and see how the btc/eth pair looks

>>24876517
You're an idiot.
You're using an x86 processor right now, notorious for being one of the worst architectures ever made.
But it sticked due to being the first one to get popular.
To this fucking day.

>>24873192
https://www.bitcoinjumper.com

>>24877543
>the only way bitcoin goes to a million

>>24876918
>what is wrapped bitcoin?
>what is binance-pegged bitcoin
>what is jewbank-pegged bitcoin?

>>24877727
if the usd falls into oblivion like this nigger doller then btc will be super powerful
this is a win

>>24876908
>xrp shitcoin
It's funny you say that, ops blog post describes exactly what the bitcoin scale vision wants to achieve, and it's actually on track to seeing it become a reality

>>24873192
>t. brainlet about to be rugpulled

>>24875263
This. Anyone who thinks BTC isn't a glowie project is braindead.

>>24877654
You're tearing into a big bag of Hydrox cookies right now aren't you

>>24877573
So because you bought bitcoin you assign yourself the title of innovator and call yourself a person with foresight. Clearly some sort of narcissist.

>>24877727
That's exactly what's going to happen.

>>24873192
I never could get into Bitcoin because its literally a shit coin. Anything over $100 is over priced. Fuck that dinosaur shit

>>24877888
CHECK OUT THOSE DIGITS

The amount of weak and stale fud in this thread is so bullish.

The hilarious thing is that governments owning and dominating bitcoin doesn't mean shit, because everyone else can just shift to a clone with better code. OP's got a point about institutions getting into it but keep in mind these are the same retards that run pension funds into the ground because they're like lemmings. They are perfectly capable of riding BTC to zero while also managing to be 1000% over leveraged.

>>24877888
You are diagnosing a person with a psychological condition when you know nothing about them other than their interest in Bitcoin. Clearly you are some sort of moron.

Ben was right. The cycles are lenghtening, the SoF model will have to be reviewed.
Ben missed only in the price range: we will be at one million by 2025, and it will be five years of bull market, because of this big money coming in.
During this period, there will be massive crashes, the kind of which the small man will not be able to withstand. And then we will have massive rises, the kind of which will take bobos by surprise.
There is no way we will have a one-year bull market, with all this bullshit happening surrounding a fake virus and governments going berserk against its populations.

>>24877939
Jesus christ words words words.

>>24876161
>rency is if its used to back up other currencies. For example Paypal or Visa issues Paypal tokens/Visa tokens backed by btc. The tokens change hands but the btc is rarely transferred itself. This is similar to how central banks use gold.
>A question however...if Visa/PP wanted to do this then why wouldn't they just use gold? Or why would they even back it with anything?

Yeah & lightning would take just as long because.... wait a minute bitcoin can actually be scaled way further than traditional financial networks and you are a retard.

>>24873192
you need a lot of meds

>anons who agree have more arguments, share more infos
>anons who disagree just insult and bark
tells me a lot

>>24878029
>Innovators and those with foresight always sound delusional to dumbed down lemmings
not a narcissist..
better when we lie to each other right??

>>24878862
hes right, the internet, apple, emails all were called retarded and the ones supporting it insane

>>24877727

yes exactly but prices for food, nintendo switch, polyester clothing, etc will remain rigged down low so it doesnt cause riots. meanwhile assets become really expensive

>>24879383

also every currency is simultaneously doing this so USA #1

>>24879094
>2-3 year cycle
Does this mean that we're going to have the next big dip in 2024?

>>24873192
strong sell signal

>>24873335
You don't get it. They aren't buying Bitcoin so they can sell it back at a small profit. They are buying bitcoin as treasury reserves. It's a hedge against an obsolete form of nation state government. Bitcoin is becoming the fucking worlds reserve currency. They will not be selling any time soon and certainly not back into the fiat they are desperately trying to escape.

>>24879454
Number go up, swing at your peril

>>24875758
>gold is hard as fuck to transact with and doesn't effectively split up into fractions of an ounce. absolute dogshit currency

>>24873208
>this time it’s different
first cycle huh newfag

>>24879454
At this point BTC only going up 10% a month should be the definition of a dip.

>>24875758
Transferring through XRP it wil take 3 seconds, no fee and very little energy cost.

>>24876161
You havent read on XRP being the bridge standard of the new world order for digital currency. That would solve the problem for bitcoin and all money transfers.

>>24873192
then some mt.gox faggot shows up at 500k btc/usd and crashes the market

I don’t know about you all... but because of Corona this is the first time since college that I’ve felt alive. I have lots of silver and been waiting for something like this to happen for 5 years. The point where things get so bad that 1 silver merc dime will buy me a blowjob from a formerly well to do housewife and her 18 year old daughter at the same time. I’ve been waiting in the shadows laughing at these cuck husbands who buy their wives range rovers instead of buying silver bullion... knowing that I’ll be face fucking their wives mouths for the 1.30$ it cost me to buy that silver dime.

Just yesterday at Whole Foods I seamlessly entered into conversation about Corona with a roastie milf that had a ring on her finger in the water aisle... and I said this is all a cover for trump to bring us back on a gold standard. She started looking at me in amazement like she wanted me to paint her lips in cum. At the end of the conversation I’m like take my number l have plenty of protection and freeze dried food if you ever need it and she took it from me

>>24873192
Stop, my dick can only get so erect

>>24876161
Bruh, they won’t be buying btc, they’ll be buying paper btc for their 401k and stuff like that. Robinhood tier buyers.

>>24880150

>>24876161
There's no point trying to talk sense into maxipads. They will discount anything you say that is dissonant to their r/bitcoin mantras. Don't even bother.

>>24877573
>Innovators and those with foresight
Funny how the "innovators" with "foresight" immediately discount innovative new cryptocurrencies in favour of bloated, decade old tech that has been well known in the public eye for at least 3 years.

>>24880565
no one in this thread has fudded alts.
but you sure showed that strawman what for!

>>24880150
lame so 2018

>>24873192
Ofc, this is why shit like ripple do 25% in hours.

>>24880478

>>24873192

>>24873192
Posting in historic thread

what a delusional faggot. Don't know what biz kids use to come up with such a stupid shit while thinking they are smart.

>>24874976
this. the longer you stay in this game, the more tree you see in the seed. and this tree is a great redwood. it's the tallest tree on planet earth.

The thing about decentralized entities is that you cannot simply target an area and destroy it; that was just one or two nodes. This is a global network. You have to glass the whole thing to kill it off. Is it possible at this point? Maybe. But you have to remember, nations aren't playing together, they are playing against each other. A single nation can bar their citizens from taking part in decentralized assets. But what have they done? They haven't destroyed the network, they've simply concentrated the wealth into other countries. A decentralized entity is more resilient than that. Every attack on that network makes it evolve, makes it more stronger. Cats out of the bag, it's too late to put it back

>>24874976
Based.

Bitcoin cash is the real BTC.

Even if insitutions dump on us, and it crashes Down 80%, I'm not going back to Fiat or using cbdc's. They can eat a dick. We continue to accumulate. Yeah it may be slow, but its battle tested, it's still open to development and we don't need the decider's permission to do anything we want with our money. Every little sat that the big boys drop, we'll be accumulating. We know it's real value. It doesn't need to do everything. Monero for privacy, Eth for financial services and experiments.

bi,[

>>24881228
>you see in the seed
youre close to the final $olution