/biz/ - Business & Finance

>>59074593
When it hits 190k will they say you were lucky ?

>>59074593
Yeah, well they’re normies and you’re not. Autism has its benefits at least when it comes to math, heuristic, and long term planning.

>>59074593
> they all pretty much say the same thing, they dont think the potential gains left in Bitcoin are worth the risk to them anymore.
This is the disbelief capitulation phase. I bet you, you will see many of them rush in the markets when 100k is hit. FOMO will excasserbate from there on.

>>59074607
Even more if we get a disaster event too. Look at them buying fucking toilet paper because some dock wagies went on strike. I fucking hate our elite, but they’re right on their assessment of the general masses.

>>59074593
How's life after 30 lmao

>>59074611
It really is just that simple. Many retards didn't buy at 16k or 30k because the price seemed like it was peaking and going downhill from there. A year from now many retards will wish they bought at current prices, so they will buy in later with the expectative inversed: "There's no way it just goes down from here" the masses are quite predictable and have been played time and time again for exit liquidity.

>>59074617
Good if you’ve been making real progress towards long term goals, bad if you’re still where you were at in your early 20s.

>>59074593
How did you friends and brother invest in the best performing asset class since human records began - and then divest never to return?

>>59074593
Bitcoin is past the stage of being a gamble now. People will invest in it as a hedge against fiat collapse, that's when it will super pump, not because normies suddenly decide it's worth a roll of the dice for fun. But bitcoin is unique in this regard, it's the only coin that people will take serious in times of economic hardship. I think we will see capital controls and bank runs in western countries within the next 10 years, and that's when there will be a scramble to buy btc.

>>59074631
He sold all his bnb to put a deposit down on a house. The house has like tripled in value since then though so it didn’t end up being that bad of a move

>>59074593
SEE >>59074597
this guy is correct, if they don't take interest at $100k then they will at $190k, 200, 300.
Unless our society is magically fixed and no severe inflation happens the dollar will start to break and people will begin to care again when the news media makes them
If not BTC (or another crypto) then it will be gold and silver, personally i think i can predict which route TPTB will go with

>>59074913
Fiat collapse TYPICALLY just results in a new fiat currency being issued and old debts being written off or settled at a fraction of what they used to be worth in new currency (ie, if you have assets or cash, that can be exchanged 100:1 old to new, but debts get settled 1:1 or something else insulting. Of course that doesn't happen instantaneously and during hyperinflation scenarios smart money moves out of fiat and fiat-denominated assets (like bonds) into real property (real estate, PMs, consumables, etc).

The real utility of having bitcoin or gold during a fiat currency collapse is that you can trade it for currencies that aren't currently collapsing at the same time. For example, if the USD hyperinflates, but the Euro or Yen DOESN'T, then you can take your bitcoin or gold and go to Europe or Japan and maintain your purchasing power roughly where it was before, whereas people who clung to USD can't even afford a plane ticket to escape anymore.

Because so much commerce is digital now, having a digital store of value is even better than having a physical store of value like gold, so bitcoin is more valuable. But because of how liquid and easily exchanged crypto pairs are thanks to CEXs and DEXs, it doesn't have to be bitcoin, it can literally be any crypto barring exceptions like TerraLUNA.

Also keep in mind for the USA that the Federal Reserve (not the government) issues Federal Reserve Notes. Congress is only constitutionally allowed to issue currency in gold, silver, or backed by the same. It is perfectly legal and possible, at the drop of a hat, for Congress to say that Federal Reserve notes are now no longer accepted and issue gold/silver backed dollars instead. Holding federal reserve notes in any significant quantity is just about the stupidest thing a person can possibly do.

For some reason this comment is not getting posted properly, not sure what's triggering a filter.

>>59074636
lol, always has been. always just depended on your level of understanding of how everything in the world works

>>59074593
I remember these threads from 2018. Same shit was said then but when BTC does a 2x and the TV starts talking about it again they all flood back in buying giant green candles.

>>59074636
It’s no worth buying bitcoin as a hedge without having a plan to get it abroad in the next 4.5 years - bitcoin confiscation is coming