/biz/ - Business & Finance

Demand

>>5163609
Tether

>>5163609
Demand for what. Not to use it?

>>5163609
>Being this deluded

>>5163628
This is the ONLY right answer.

>>5163593
media shilling

new money is literally normies, normies parents and grandparents, institutional money and people already bought in that are selling all possessions and going even deeper

tl;dr this >>5163609

>>5163662
Has to be tether. No other explanation

>>5163593
Because most people live in countires where their central bank makes their currency less valuable in the future on purpose

Based nips

https://www.cnbc.com/2017/12/14/behind-bitcoins-wild-surge-japanese-men.html

5162998
they would like to talk to you

>>5163593
Massive manipulation by some very big guys to make normies FOMO hard then after which they'll exit taking all those people's cash. I'm not sure if it's even illegal.

Shame because I like crypto but once again, Jews (and their yellow counterpart) fucking killed any potential it had.

>>5163593
It's the illuminati. 100% confirmed, muh dude.

>>5164040
>quad made of dubs, indicative of kek's truth

>>5163651
>>5163662
>>5163712
>Tether tether tether tether tether
Did it ever accure to you brainlets that the giant influx of people entering the crypto space has vastly increased the demand for tether, raising its price, causing them to have to increase the supply to keep tether at 1usd?

>>5163593
If it is BTC to replace the dollar, then
it is going to make it to million minimum

World stock market cap 64 trillion USD
Add inflation, in 2020 that is say 80 trillion
80 trillion USD
when USD is finished, that worth siphons all into crypto
that means x fucking 240
that alone would be 4,8 MILLION per BTC in 2020 dollars !!!
We are not talking about real estate, military, trillions of mex/chink/russian/US cartel money, national budgets and everything else

>>5163593
>normies
>fomo
>on ramp from fiat to alts

Bitcoin is shit and should die a slow death.

>>5163593

Just look at the facts....

Bittrex had to stop accepting new accounts. Volume has increased like crazy on the crypto market.

Tether is in heat, you think they're going to keep fucking around?

>>5163593
Probably because Goldman Sachs et al. are jumping in on it now.

>>5163651
Store of value, newfag

>>5163651
store of value and transfer of value.

Not every purchase in your life is a fucking coffee.

>>5163593
It goes up because it is boxed in and has nowhere to go at this point. It has literally fomo'ed itself to death in a terrible attempt to enslave the minds of poor anons everywhere on the planet.

All good and well, I did the same for months and gained vs USD. Then I started putting in various shit coins and many gain vs BTC, even LTC and ETH are outpacing BTC

>>5163593
Normies. The ones who are already in are considered early adopters in the normie world.

Everybody knows about BTC, but most people haven't actually taken the step yet.

>>5164387
Yet you hoard your pebbles like they're somehow special?

>>5164387
Kek

>>5163593

major power player is buying up during the dips, and taking your cash out is so slow, it is very easy to manipulate the price.

Bitcoin is being pushed up artificially.

>>5164475
how long do you reckon we've get if it is indeed a bubble?

>>5164491
my pebble have shinies in them
worth 100 rai stone after many moon pass

Bitcoin is just what 2 people agree to buy and sell it for. It's all in the mind. Also, I think markets are manipulating it to make it rise higher and higher because they can and because it makes them money. For example:

>he thinkts the rise in prices are due to supply and demand
>when its really just GDAX putting up entirely fake transactions at higher prices every week (via buying and selling company BTC back and forth to each other; fees from coinbase retards pays for any expenses from this).

This is whats happening. Based GDAX and other exchanges won't let bitcoin die. They can make bitcoin cost whatever they want it to cost. But they have to do it slowly so that this won't be so obvious.

>>5163593
don't you realize that we are the 1%? We are the early adopters. The normies flowing in will make this thing continue to rocket upwards, that is, as long as companies like Coinbase make it super, super simple to purchase. Also, barring anything that would cause a rift in the trust that the community holds in companies like Coinbase (i.e. hacks).

>>5164635
Could be months, could be years. People have been talking about the inevitable crash since BTC hit $2k

BTC is on the global markets. There's a lot more money that can flow in before we hit a wall.

>>5164635
i can honestly see it reaching 50-100k before popping hard

>>5163609
>High demand
+ Limited supply

>>5164733
Ironically this
GDAX could pump BTC to 50k doesnt even matter
Unleash bots to swing trade the price for one week
Biztards and normies will get JUSTd regardless

idgaf at this point, I bought in earlier this year (up 1000%) and sure has hell aint exiting now. TO THE MOON

>>5164833
Also consider that when BTC starts to become stagnant, normies who initially wanted to get rich quick via BTC will move into the altcoin market for quick gains.

Pyramids will be build upon other pyramids before this thing comes crashing down.

Which is why I doubt BTC will take us all down in the forseeable future.

dun dun dunnnnnnnn

>>5163628
care to explain?
i'm retarded