/biz/ - Business & Finance

It will go up as long as humans are greedy...

And human greed is infinite.

disbelief

>>28735086
he had the same mindset

>>28735086

It won't.

Long Cliffs

https://stocktwits.com/symbol/CLF

$CLF
02/2021
>Biden says China will 'eat our lunch' if U.S. doesn't move on infrastructure

https://www.cnbc.com/2021/02/11/biden-says-china-will-eat-our-lunch-on-infrastructure.html

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$CLF
02/2021
>"New orders for manufactured goods in December, up eight consecutive months, increased $5.2 billion or 1.1 percent to $493.5 billion, the U.S. Census Bureau reported today."

https://www.census.gov/manufacturing/m3/prel/pdf/s-i-o.pdf

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$CLF
02/2021
>"US trade court dismisses challenge to Section 232 steel tariff"

https://agmetalminer.com/2021/02/04/this-morning-in-metals-us-trade-court-dismisses-challenge-to-section-232-steel-tariff/

>>28735086
We are in fact heading into possibly a 10 year bull market as institutions start fomoing in. Bitcoin is now a top 10 asset by market cap so it's only just getting on the radar of the big players. Sure there will be some brutal corrections, but it will generally trend up until it matures into something like gold, becoming a 500k stablecoin by 2025.

Would it be wise to put $5000 into Bitcoin and just sit on it no matter what? The potential reward seems bigger than the obvious risk, and better late than never

>>28735239
which call do I buy now?

>>28735086
The scary thing is we are literally JUST getting started and short term, this looks insanely bullish.

The Tesla news was a week ago, 400k is guaranteed.

>>28735718
If your timescale is something like 10-20 years then absolutely.

>>28735718
stop thinking and just do it, Bitcoin won't wait for you to make up your mind

>>28735523
>>28735925

I don't doubt $100k per but $400k, $500k seems kinda far-fetched

>>28736113
I used to think 3000 dollars was Science fiction tier retardation, and here we are. I had normies telling me to buy Bitcoin and I disregarded them because of that exact reason. Boy golly was I wrong

>>28736113
It really isn't, you'd be surprised how far speculation can go.

Bitcoin is being seen as a tool of generational wealth now. My uncle is liquidating assets of his just to obtain BTC. He is holding 20 now.

>>28736113
500k means reaching gold's market cap. It's not that crazy, little over 10x from here. We already did 10x since March, no reason why we can't do it again.

>>28735086
it goes down when people sell for fiat, no one wants fiat not even the fed wants fiat

>>28735187
$100 turned into $84 million, imagine

>>28736113
The big question is at what BTC price does the dollar become worthless? 300k? 500k?

>>28736671
If the dollar becomes worthless one bitcoin will be worth infinity dollars.
Think about it.

>>28735086
we've only seen bear trap last month and barely started to rally again

>>28735523
10 years is highly improbable, since BTC 10xes every 2-4 years. At this growth rate, the BTC market cap will exceed the entire global GDP in a few years, and any further growth would be as unstable and unsustainable as the fed printing money left and right.

it ends at 50k

>>28736899
Thanks for the red circle anon. We're all clearly so retarded that we can't read graphs for ourselves thanks!

>>28735173
If humans are greedy then that means they'll sell to scrape off profits.
It'll crash soon but it will recover stronger.

>>28736870
10 year bull market with diminishing returns. Like gold. It can't sustainably 10x every 4 years.

>>28736899
>it begins at 51k
fixed it for you

>>28736899
So big buy opportunity soon?
Neat.

>>28735086
The main issue is the lack of supply once real adoption occurs, be that retail or institutional. A measly 300 billion float for, lets say 3% of institutions only would be around 350 billion.
That's an amazing amount of supply shock. See, problem is in today's world EVERYTHING is faked, even gold on occasion. Bitcoin is turning out to be, ironically one of the most real things left.

>>28735523
Shalom

>>28735086
Good, give BTC a chance to chill out and we can go higher later

Next time it crashes I'm tempted to just buy 1 full Bitcoin and sit on it until the end of time. If I lose it I lose it