/biz/ - Business & Finance

>>28522023
How's it gonna below 30K even when fucking VISA is now accepting it as payment method, governments own it, institutions own it, Tesla owns 1.5 billion of it alone. I mean how anon? Just how?

>>28522023
>bitcoin will reach 49'999,99 and
then shoot up to 61.8k

>>28522023
Rhodl says more than 50k.
Rhodl predicts the top pretty well

>>28522023
It'll prob hit 49999 and then dip down below 40 or close to it. Maybe. That's a worst case scenario.

>>28522180
>this time, it's different

>>28522314
Yeah? It is though? How is it not?

>>28522314
>past guarantees the future

>>28522180
>VISA is now accepting it as payment method
i don't get this, it can't fucking scale to be a payment method, and nobody uses it to buy stuff anyway, it's more like gold than anything

>>28522259
do you know if there is a similar chart for eth?

>>28522524
it can with layer 2 protocols

>>28522180
> VISA is now accepting it as payment method
That's bearish.

>>28522023
Every time a previous ATH was broken after an extended bear market we've never broken below that previous ATH. You'll never see 4 digits again. You'll never see sub 20k again.

>>28522524
we're in early adoption. bitcoin will be an accepted payment method in a lot more places over the coming years/decade. hopefully same for Ethereum.

>>28522023
>apostrophe

what the fuck is wrong with you

>>28522314
Yes. It is different.

>>28522572
RHODL +two weeks basically

>>28522259
who the fuck is Rhodl?

>>28522023
Those graphs are nothing alike you fucking moron kek. Let me guess, you sold?

>>28522180
The lowest point was always 1/5th of the ATH.

>>28522180
Yelen and biden gonna pullbthe rug... US govt gonna fud it up.

>>28522023
I wish

>>28524395

>we're in early adoption.
where oh where have I heard this before?? oh yeah....it was back in 2017, right before the entire market collapsed.

>>28522023
If BTC goes below 10k and it's not because of a newly discovered fatal flaw sending it to zero, going all in on it is the easiest decision of my life.

>>28522524
What don't you get? If someone offered you 10 grand cash or ~.2btc right now which would you take? (HINT THE ONE THAT IS INCREASING AND NOT BEING PRINTED AD NAUSEAM)

>>28522180
visa isn't accepting bitcoin you fucking RETARD, at least read the articles and not just the headlines

>>28522437
oh bitch please you moon boys keep saying that past performance of bitcoin guarantees it's pumping

>>28522625
which destroy the entire point of decentralization and third parties
not that it's decentralized anyway since it's more than 60% mined by chinks

>>28524395
>12 years later
>we are early
jesus christ my grandma knows about it

>>28522180
Imagine thinking that institutions hold majority of BTC
What an actual retard

>>28524984
i'm selling at 49'999.9

>>28525533
the 10k obviously which is $500 more than 0.2btc anon

>>28525931
holy shit zoomers are dumb

>>28525841
not really, decentralization doesn't have to mean everyone on earth runs their own node, it just has to mean no one group on earth controls it
>but chinks own 60%
60% are in that country but no one mining pool has a majority either

>>28522572
There are no macro-trend indicators for altcoins because the market cycle is dictated by BTC. If things play out like last time, then you'll see a violent surge of altcoins mooning *after* BTC has already peaked and corrected, *during* BTC's dead cat bounce. But again, it's hard to tell exactly what that will feel like, because it's no different than how we had a big alt season after BTC hit 42k in early January then corrected down to 30k and crabbing there for a while.

>>28526534
my point being there's no one size fits all solution and there doesn't have to be. Most normies will want to store their crypto in a bank and transact with visa/mastercard. I think it's fine, it doesn't mean you have to use those services

>>28522314
Yes.

Anyone paying attention to the day-to-day price is a moron.

If you want to make money, set a recurring buy and ignore these fools and prices.

$100 /wk from 2016 to today would have netted you like 3 BTC by now.

Would have been the easiest $120K profit of your life if you'd stop jamming your heads up each others asses to speculate on literally nothing based on nothing.

Fuck you guys.

>>28522023
> it's gonna fall imo

>>28525841
That's really not such a drastic catastrophe as people make it out to be.
51% attacks aren't actually able to accomplish all that much. And if they did occur, everyone would know about them. So they are pretty transparent.

Anyway, it would make a LOT more sense for the US to start mining BTC, but our govt is run by retarded baby eating pedophile boomers.
Biden and Trump are both hostile to bitcoin. Trump stupidly said "bitcoin is controlled China!" and clearly that 70+ year old man has no clue what he's talking about, thinking that anyone can "control" bitcoin. Biden is no different except that he is prob on China's side at the end of the day, which is even worse.

American politics is fucked. I really hope bitcoin can stay out of our awful partisanship divide. There's no reason for this wonderful technology to become a political football.

>>28527023
this is true but unemployable neets need something to do so remember youre here forever frendo.

>>28526534
faggots on the ant pool are devalueing their asset by making it more centralized

>>28527191
Nobody here is unemployable.

>>28526653
it has been moon season for most coins since the mach crash

>coping no coiners

>>28526534
the problem with chinks being majority miners is that miners can approve changes to the code

>>28527314
you'd be surprised

>>28527135
as i said in previous reply miners can approve changes to the code, and since chinks are the majority of miners they have the control over what bitcoin is or will be
and amerimutts can't compete with chinese mining due to electricity cost

>>28522314
Well yeah, now it has solid and growing institutional support.
For it to crash down again like when it hit 3 it would now cause a depression in the entire financial world.

So you think 50k is the top of the bull run for this halving?

>>28527855
So that is an incredibly layman boomer understanding of how bitcoin works. I'm assuming you did indeed hear that from Trump. I'm assuming you're on vacation on this board from /pol/ or something. But no. That is not how it happens. Because Bitcoin is open source software (obviously) the scenario you're describing would lead to something that is called a hard fork, and effectively whatever scam China or any other entity had in mind by changing the code would be utterly disregarded and rendered meaningless.

>>28522023
KEK I love how FUD is starting to form up around 50k just as it was at 20k.

Fuck you OP.

>>28522259
>Rhodl predicts the top pretty well
It's made in 2020 retard
it's literally made to fit the past peaks

>>28528298
It's constant. It's at every milestone, lol. It's 99% from boomers who want to invest in either stonks, silver or gold.

>>28528571
>>28528298
>It's 99% from boomers who want to invest in either stonks, silver or gold.
I mean boomers who want YOU to invest in stonks silver or gold.
It never ends though. Even when bitcoin is crabbing at a non-round number they're like "ooooooooooo the crash is coming!"

>>28527925
not even close..
>volume remains stable
>no blowoff top
>only 2.5x from last ATH
we're just getting started

>>28522023
thanks grandpa, almost fell for tulip mania again

>>28522180
Governments will create their own cryptocurrencies when they want to, anon. But sure, it must be different this time, because of the Elon Musk meme.

I hope so nigga, I've had 10 fuckin grand ready to go waiting for the dip to 5k since it was fucking 8000

GO DOWN ALREADY SO I CAN BUY YOU FUCKING PIECE OF SHIT

BTC is going to 100k EoY, even if it doesn't I'm buying the dips

>>28527924
>cause a depression in the entire financial world.
you guys are completely fucking retarded. memelon musk buys some between his daily doge shilling and now you think the entire financial system depends on it and it can never go below 100k again and is a steal at anything less than 10 million

>>28526534
>60% in China
do you really think the ccp doesn't have full control of wtf is going on in their country? Straight delusion.

Bears on suicide watch

>>28528174
you sound like an over emotional bag holder, i have been here since 2017 faggot and we always used to laugh at bag holder like you

>>28528687
never in my life have i invested in stocks or shiny rocks, nor am i shilling you anything else
just making a prediction for retards to look at later on in the archives

>>28528705
This. Obviously there is going to be decreased volatility and diminishing returns as marketcap increases, but it's not going to diminish to the point where a peak-to-peak increase of 20x in 2017 gets downgraded to a mere 2.5x in 2021. It's going to be at least 100k, a modest 5x. Possibly higher, into the 1000-200k range, but that's where it starts to get risky like you're playing chicken.

>>28529069
They've debased the fiat currency by 50% in the past 12 months to hide how poorly the market is doing while crypto continues to explode. While killing off new money into the market recently with heavy market manipulation.
At this point if BTC tanks, most trend with it, now there is nothing keep up the current appearances.

>>28529005
Lol how can governments create something decentralized. LMAO. Clearly you don't even know what "cryptocurrency" is. You think any digital currency = "muh crypto". Dude, you're on vacation here from /pol/, right? You reek of that level of ignorance. Please go back.

In all likelihood, the government couldn't even fully stomp out bitcoin or any other decentralized coin if they wanted to.

>>28529193
>>28529341
>you sound like an over emotional bag holder, i have been here since 2017 faggot and we always used to laugh at bag holder like you
Yeah I'm holding a bag full of millions of dollars because I HAVENT listen to retards like you all my life. And I invested in Bitcoin in fucking 2013 lmao suck my dick. I dominate you in life and just generally as a man.

>>28529037
>he didnt buy once we broke last ATH
ngmi

>>28522023
Bitcoin is never going back to thousands it’s being propped up by dark money and China

>>28529953
>>28529341
>>28529193
2013 when I bought Bitcoin at 150 dollars each, retards like you were like "OOOOOOOOOOAAAAAAAUGGHGHGHAAARRRRRTGHAAAARRRRGH, YOU JUST CAN'T DO THAT! YOU JUST CAN'T GO BUYING BITCOINS! THAT'LL NEVER WORK! THAT'LL NEVER BE WORTH ANYTHING!"
LMAO thanks fag. If I wanted to I could literally buy you and your entire family as my slaves now.

>>28522023
Yes and then it will rise to 400,000 in ten years and then we can all retire.

>>28528174
>what is segwit

>>28529851
Bitcoin IS centralised you dipshit. The majority is held by institutions. Governments could ban cryptocurrency payments and that would quite literally be the end of it. What are you going to do about it? Nothing.

>>28529668
let me get this straight - the same institutions that used market manipulation to prevent people they didn't want getting in, are going to support BTC if it dips to keep the neets they hate afloat?

>>28530476
Imagine being SO ignorant as to how bitcoin works that you think if a certain group of people hypothetically held a majority of the bitcoins it would put them in supply of the network.
Just think about that.
Just think about that level of profound ignorance as to how this technology operates.
And consider that retards like this are coming over here from /pol/, thinking they're smart and enlightened and talking down to you like YOU'RE the uneducated one, and IRL they just have NO fucking clue what they're talking about.

>>28522180

>>28530476
Imagine being SO ignorant as to how bitcoin works that you think if a certain group of people hypothetically held a majority of the bitcoins it would put them in control of the network.
Just think about that.
Just think about that level of profound ignorance as to how this technology operates.
And consider that retards like this are coming over here from /pol/, thinking they're smart and enlightened and talking down to you like YOU'RE the uneducated one, and IRL they just have NO fucking clue what they're talking about.

>>28530569
They hold much more of it than a bunch of neckbeards now.

>>28529447
first bullrun was practically from $0.003 (or less) to almost $30 i.e. a x10k increase
then it dumped to less than $3 by the end of 2011
by the end of 2012 happened first halvening and the price then was $12, it mooned to almost 1.2k i.e. x1k by the end of 2013
second halvening was in mid 2016 at $650 and mooned at almost 20k i.e. only a x30 by the end of 2017
mid 2020 3rd halvening at 8.8k, what will it be? if it does like last time we might at best get a x30 thus 264k, but each halvening isn't as powerful as the last one, from a x10k to x1k to a miserable x30, for now it already did more than a x5 since the halvening

>>28530131
>calls me a boomer
>now larps as an oldfag
look faggot if you were on /g/ since 2013 and bought bitcoin you would be shitposting here worried about your bags, it'd make zero difference for you whether btc is at 50k or 10k
but you clearly never made it

>>28530407
something that hasn't changed my transfer fees at all

>>28522524
dumb ass it wont be on the basis of visa owns btc and you literally pay with btc when using your visa - itll be you pay with visa, visa covers the cost in cash, that cost is then covered by btc

>>28531235
*wouldn't

>>28531268
it's absolutely pointless, because people don't want to buy shit by spending their bitcoins

>>28530792
seems much more likely that they would just sell it when neckbeard demand is at the highest, then buy it back cheaper when the neckbeards fold

>>28522314
Past=future
Ass=vagina
You=gay

>>28529079
this

>>28531235
>>28531315
Lol stay mad, poorfag.
And I'm not "old" retard. 2013 was only 80 years ago. Boomers were born in like the 50s or some shit. STFU poor moron.

>>28530131
scenarios in your head isnt reality

>>28531235
>>28531315
Lol stay mad, poorfag.
And I'm not "old" retard. 2013 was only 8 years ago. Boomers were born in like the 50s or some shit. STFU poormoron.

>>28522023
Your opinion is worthless. BTC is never ever going below 20K.

>>28522023
in my opinion youre a faggot

>>28522314
OP retarded prediction implies its different anyway, as BTC never dropped below the ATH from the previous cycle.

>>28522023
Posting it every day for a year

>>28522023
By 2030 sats will be the world reserve currency and sats will be worth a penny. Screen cap this

>>28532296
i know faggot i'm already taking the halving me into account >>28531082

>>28527023
Most of /biz/ is unable of a minimum long-term thinking. To them this is a casino where you put some money on some meme coin and you get 10x the next day. Anything that doesn't work like that is shit.

They even have the nerve to say BTC has no future while getting scammed by a shitcoin called McDonalds.

>>28522023
$25k could be $10k never gonna happen

>>28528571
But you really should be investing in real silver.

>>28522524
> deposit bitcoin into visa wallet
> use credit card for daily activities
> end of month bill gets charged to the bitcoin balance at current market rate with 0% intrest or even negitive intrest because bitcoin appreciates.

>>28532066
you sound new here faggot as boomer is never used literally mongoloid
also, post your first btc order with timestamp

>>28532955
if you think bitcoin will keep mooning there is no fucking reason to spend it to buy shit
and if you think that it will dump then you might as well just sell and transfer the cash, this is just retardation

>>28527314
i am

>>28533185
you can also short it and get funding and keep your purchasing power exact.
or short by half decreasing it's volatility by half up or down.

>>28533185
yeah I never understood this retardation when it comes to bitcoin as currency. there's a reason why low, stable inflation is the goal for monetary policy. which couldn't be farther away from what bitcoin is

>>28533185
>BTC can't be used as payment!
>Yes, it can, here's how.
>NOOOOOOOOO YOU CAN'T DO THAT NOOOOOOOOOO
Cope

>>28533854
it's not that you can't, it's that it doesn't make sense and nobody will
the only people who ever used it as a payment method were druggies but even for them the isn't much reason to use it as such since there are privacy coins around

>>28533768
it's more like imaginary super-gold

170k in 2/3 months

>>28527048
that's not how you draw trend lines

>>28534518
yep digital gold is the analogue. and I think it fills that niche fairly well.

>>28524863
Rhodl Williams, famous Welsh crypto trader.

>>28527135
I can't wait for them to make a FEDcoin, and just start giving it to people as part of some kind of government controlled UBI / wealth distribution. It will be funded with a special capitol gains tax isolated to crypto gains.

>>28529005
fucking go back retard

>>28527314
Lurk more.