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11114786 No.11114786 [Reply] [Original]

To the people who don't think Bitcoin will go up in price with time, try to understand this:

Bitcoin can not inflate further past 21 million coins. The dollar is inflating constantly. Bitcoin, just by holding a steady value, will go up in dollar amount because the dollar is inflating into nothing. Bitcoin will appear to be increasing in its dollar amount when in reality it's simply holding its value.

It's not Bitcoin appreciating in value with relation to a steady dollar. The dollar isn't steady. It's the dollar depreciating with relation to a steady bitcoin. The dollar is a depreciating asset so it makes sense that the price of 1 BTC should go up in terms of dollars in order for a Bitcoins value to remain the same.

When you're trading alts, BTC is the 'base' and your alt is the alternate. This holds true with dollars. BTC is still the base. The US dollar is the shitcoin.

I know this may be difficult to understand but try

>> No.11114848

The ultimate redpill.

When the time comes to cash out, you won't have to.

Reminder: If you have 1 whole Bitcoin, you will make it.

>> No.11114865

>>11114786

Btw OP, you also don't mention the thousands, millions, of Bitcoin that are being lost, and will be lost, over time. $1 million per Bitcoin is absolutely inevitable.

>> No.11115731

>>11114848
>>11114865
By OP's logic, even a gallon of milk would eventually be worth $1m.
Is a gallon of milk really enough to make it??

>> No.11115804

>>11115731

I mean, OP's point is part of it, but obviously not all. The majority of its price increases are going to be because of its use as a deflationary store-of-value that rivals, if not surpasses, gold.

>> No.11116097

>>11115804
what about alts? Will they rise as well?many are not currencies but blockchain protocols and platforms

>> No.11116133

>>11116097
You have to take them case by case. Just calling them all Alts is dumb. Some are serious contenders for crypto payments, some are potentially the next Google. 95% won't survive but many will be part pf the trustless blockchain future many predict.

>> No.11116148

>>11114786
Based and redpilled

>> No.11116330
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11116330

That computer science expert on the left created Bit Gold, Bitcoin is fucking based on his idea.

This guy fucking knows what he's doing, judging by writings on his blog related to the history of money http://unenumerated.blogspot.com/

Boomers fucked everything up, Gen X created the solution, we will benefit from it and bring humanity to a new level.

>> No.11116567

>>11114786
>Bitcoin can not inflate further past 21 million coins
Yes, it can, if the miners agree to do so in suit of a vote. You have much to learn.

>> No.11116834

>>11114786

The ultimate black pill: when all BTC have been mined and miners must rely on tx fees, the cost of txs in BTC will render it too expensive for anyone to ever actually use. All efforts to address this would render the mining unprofitable, therefore killing BTC at the root. It’s just not a sustainable model. All other supposed use cases besides simple currency: store of value, low cost, anonymity, etc. have already been proved false.

>> No.11117011

>>11116834

kek
show the maths proving what you're saying to us

>> No.11117023

>>11114848

If BTC actually replaces world currency yeah but there’s a lot in the way of that

>> No.11117039

>>11116834
Thats true. Bitcoin will never be adopted
Its still a good coin and has its use for now

>> No.11117082
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11117082

>>11114786
I know this is hard to understand and I hate to bear bad news... But crypto is a highly speculative investment like a junk bond... When the market crashes, or interest rates rise, (like a junk bond) crypto will die.
When the markets recover and the appetite for risk is high again, crypto will rise...

>> No.11117092

>>11114786
but still, we're in a 7-year bear market, kek

>> No.11117110

>>11116834
which is why 2nd layers (like lightning network ) are pushed so hard. Bitcoin still acts as the underlying asset, like a silver backed currency, where the actual currency is something different. I'm sure this will either all be figured out in the next 30 years, or bitcoin will make wolworths look like pets.com