[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 8 KB, 236x202, 902350329053.jpg [View same] [iqdb] [saucenao] [google]
54435019 No.54435019 [Reply] [Original]

The theory is that one day out of nowhere suddenly bitcoin will skyrocket in value, but is this actually how it will occur?

Why wont it just be a slow grind upwards like it has been for the last 2 cycles?

>> No.54435041

Another thing; technically hasn't the parabola move already occurred, and now we slow grind up forever?


Going from $0.01 to $10,000 per BTC, thats already the parabola move complete in my opinion.

>> No.54435058

it will be a slow grind upwards, hyperbitcoinization fags are just delusional and completely detached from reality

>> No.54435108

>>54435019
it is a slow grind upwards until price discovery happens. are you that fucking retarded? Look at the graph

>> No.54435155

>>54435019
more and more citizens realize that holding fiat means you just lose networth more and more quickly.
As this happens adoption for crypto is going to snowball more and more. At some point the high inflation is less safe than the perceived risk of cryptocurrencies.

>> No.54435158

>>54435019
Hyperbitcoinization would be institutional FOMO, not retail. Every mayor bank looking to have a 1% Bitcoin reserve would be enough.
Not likely to happen unless something radical changes.

>> No.54435161

>>54435108
Price discovery is $20k

>> No.54435211

>>54435019
>price will slowly grind upwards in a high interest rate environment and with Saylor acting as a living scarecrow for VC money

>> No.54435238

This happens with all fiat eventually. It's not an out of nowhere scenario. It happens as a literal result of what is occuring now. You can track this with every failed currency (all of them ever in the history of money) as well as current existing currencies.

You need to look at it from the log perspective because, when it starts, it will look like you will need to look at it from the log perspective but you'll already be on log and you'll realize oh fuck it's happening but you didn't buy Bitcoin at $15k because you're a fucking idiot without perspective.

>> No.54435251

>>54435238
You can track it with gold, silver, other currencies, etc. All fiat fails. Average life span of 32 years. Congrats.

>> No.54435253

The theory is over. The theory includes the US government secretly accumulating, which is the opposite of what is happening. They’re now selling off seized bitcoin and bitfuck maximalist are trying hard to pretend it isn’t happening and they never said the US government was secretly accumulating.
But I remember. I also remember the mouth breathing retard who claimed there could be smart contracts kek he got shit on so hard by the whole board

>> No.54435298
File: 7 KB, 250x250, 1658130454753226.jpg [View same] [iqdb] [saucenao] [google]
54435298

>>54435253
Wouldn't them publicly selling that shit and then secretly buying at the same time classify as them buying in secret?

>> No.54435386

>>54435019
Misnomer.
Hyperbitcoinization will happen on BSV. It means that all global assets will be inscribed onto individual satoshis and tokenized as NFTs. The entire monetary supply, all deeds, bonds, every financial instrument. That is hyperbitcoinization. It has fuck all to do with price, which will actually be effectively zero.

>> No.54435485

>>54435251
GBP has been going for over 1000 years