/biz/ - Business & Finance

[Anonymous No.13486628]

The ultimate log chart pill for Bitcoin.


There was never a bear market. Its just been a bull market since 2009.

[Anonymous No.13486991]

>>13486628
>Sometimes you see a chart that makes you salivate uncontrollably
This is that chart, anon

[Anonymous No.13487023]

>>13486628
Everybody that posts this is absolutely fucking retarded.

You must know that halving = 50% less reward per block, not 50% less bitcoin per block. The supply of bitcoin is NOT getting smaller, it is NOT becoming scarcer, the gain of miners is becoming scarcer, the supply remains 21M.

We now have scarcer supply than when halving takes place, and by the halving there will be more btcs mined compared to now. Why doesn't the price rise to 100k now?

BECAUSE YOU NEED AN INCREASE IN DEMAND

[Anonymous No.13487031]

>>13487023
Disinflation + growing demand = price up

[Anonymous No.13487038]

>Source: Reddit

[Anonymous No.13487039]

>>13487031
>disinflation

fucking moron

[Anonymous No.13487048]

Fucking based, keep digging, this how our currency should behave if the wealth was not fucking siphoned away by (((them))).

Don't sell your cones kids.

[Anonymous No.13487055]

>>13487023
The demand for bitcoin comes from greed. All we need is a few celebrities tweeting about how much money they've made with some bitcoin, maybe elon making a couple tweets about it. /biz/ is just a drop in the financial bucket and let's face it nobody pays attention to this shit board, we're a collection of people mocked for being "degenerate gamblers". I personally am looking forward to dumping my bags on normies at $80-90K and will buy back in at the new low of $20K in 2023.

Why /biz/ and it's pajeets don't just come together for targeted shilling of one single coin to normie spheres is beyond me. If /pol/ can create a worldwide CTF hunt and get the cheeto emperor into office why can't we meme ourselves into being millionaires?

[Anonymous No.13487058]

>>13486628
>March 2018

[Anonymous No.13487060]

>>13487055
this has literally nothing to do with halvings which is what the growth in ops chart is based on

[Anonymous No.13487075]

>>13487023

> We now have scarcer supply than when halving takes place, and by the halving there will be more btcs mined compared to now.

This is completely wrong. BTC generates 12.5 BTC per block as the block reward right now. After the halving in 2020, the block reward becomes 6.25.

It does not matter how much hashing power the network has now compared to 2020 or beyond. The difficulty algorithm ensures that only 6 blocks are mined per hour on average (10 minutes per block).

If the BTC network has 1000000 times the hashing rate in 2021 as it does not, it can only produce 6.25 BTC * 6 per hour. It will NEVER produce 12.5 BTC * 6 per hour after the halving.

This is how bitcoin consensus algorithm works and this is how you can predicatively know that BTC will have a cap of 21M BTC.

[Anonymous No.13487081]

>>13487075
as it does now*, not "not"

[Anonymous No.13487090]

>>13487075
you retard the total supply of btc will be GREATER than it is now by the time the halving happens. the only thing the halving does it slow down the inflation which is barely even fucking relevant anymore because the entire supply is almost all out there now. we have 3.5m to go

[Anonymous No.13487096]

>>13487090
circulating supply will be greater*

total supply doesnt change obviously

[Anonymous No.13487098]

>>13487060
Because you said that we need both scarcity AND demand for BTC to continue to grow. I'm not too sure why you're asking why it isn't $100K right now is this an actual question? Why is the price of anything you pay for never always at the end result? What are we supposed to infer from that question? OP's chart as far as I can tell is just showing the market cycles, the dates in which BTC halvings occur, and the historical price.

Nowhere in the chart does it imply that the halvings are the cause of a price increase. Anyone who was around for the BTC pump in 2017-18 knows it was caused by massive media attention and speculation being the driving force behind large volumes of FOMO sales. Essentially all we need is either another massive surge of BTC news, or a slow crawl to $100K which will increase exponentially the more resistance barriers are broken and people start to get BTC signs in their eyeballs

[Anonymous No.13487103]

>>13487098
>Nowhere in the chart does it imply that the halvings are the cause of a price increase

this is what the entire chart is about you absolute fucking retarded fucking fuck

[Anonymous No.13487110]

>>13487103
I think that's projection anon, show me where it says "BTC price is caused by halving"

It clearly says "Bitcoin price history WITH reward halving days marked" you retarded nigger. Or do you just not have any reading comprehension?

[Anonymous No.13487113]

>>13487023
>tons of bitcoin gets lost forever daily due idiots not being able to secure private keys
>"it's not getting scarcer!"

[Anonymous No.13487116]

>>13487090
Yes, you faggot, the trickle is slowing and that creates scarcity. Dollars are getting printed by the billion and yet you still want more of them in your pocket.

[Anonymous No.13487121]

you guys are absolutely fucking deluded nuts. you think that btc is going to $10m based off of fucking nothing but a slowed rate of inflation every 4 years. fuck off.

[Anonymous No.13487124]

>>13487098
The media attention is not spontaneous. Big players and miners want to cash out their rewards after the halving...

[Anonymous No.13487127]

>>13487090

What are you talking about? That's obvious.

Newly BTC are generated per block as a block reward.

If you say the US starts to cut printing of USD to half, you can still say "well, we'll have more USD tomorrow than we did today", that's factually correct.

But do you think USD will be worth more (aka you can buy more apples for example)?

It's getting scarcer because getting USD tomorrow would be harder to get than today. But you can say "today or tomorrow, I still have $20 USD" which isn't the point at all.

[Anonymous No.13487134]

>>13487127
USD doesnt have a max supply retard

[Anonymous No.13487141]

>>13487121
>getting so BTFO'ed that you won't even respond to direct criticism.
Lmao, pathetic. I want you to remember how retarded you've been when it hits $100K. People like you said this same thing the last two cycles as well.

>>13487124
I'm sure it's not spontaneous, we're all just buying low to sell to FOMOing retards at the end of the day.

[Anonymous No.13487144]

https://www.youtube.com/watch?v=XbZ8zDpX2Mg

[Anonymous No.13487150]

>>13487141
do you think that btc is going to 10m like the chart that op posted

[Anonymous No.13487168]

>>13487134
No shit retard I'm giving you an example of just cutting supply in half and just one time.

If the supply of something (gold, dollars, oil, whatever) in half tomorrow, you think it becomes more valuable or not? Or are you just going to sit there and argue that tomorrow's total supply will be more than today?

You're missing the point entirely. BTC just does this in a known/pre-defined way. It still applies to something even if you don't know the total supply in the future.

How retarded are you when you're talking about max supply and I'm talking about something completely different of cutting supply in half for anything.

[Anonymous No.13487176]

>>13487168
jesus christ you are insufferably retarded. THE HALVING ISNT DECREASING THE SUPPLY. ITS REDUCING THE RATE OF INFLATION

[Anonymous No.13487178]

>>13487150
I don't know, nor do I care about anything beyond $100K right now. I'm out at $80-90K like I said, if it ever happens, anything beyond $100K I haven't accounted for and it would be foolish to assume it's going there even if the probability in my mind was 95% certain, because at the end of the day nobody knows the future.

It might go to $10M sometime in 50 years when a can of coke costs $10 though. That's my meme response for you

[Anonymous No.13487183]

>>13487134
No shit retard I'm giving you an example of just cutting supply in half and just one time.

If the supply of something (gold, dollars, oil, whatever) is cut in half tomorrow, you think it becomes more valuable or not? Or are you just going to sit there and argue that tomorrow's total supply will be more than today?

You're missing the point entirely. BTC just does this in a known/pre-defined way. It still applies to something even if you don't know the total supply in the future.

How retarded are you when you're talking about max supply and I'm talking about something completely different of cutting supply in half for anything.

[Anonymous No.13487184]

>>13487178
fair enough

[Anonymous No.13487189]

>>13487183
jesus christ you are insufferably retarded. THE HALVING ISNT DECREASING THE SUPPLY. ITS REDUCING THE RATE OF INFLATION

[Anonymous No.13487195]

>>13487176
the halving decreases the newly supplied bitcoins. It does not decrease the total bitcoin supply.

Bitcoin didn't start with 21 million bitcoins and then burned it. First of all, that's completely retarded to do because who's going to own those 21 million bitcoins in the beginning? How is bitcoin supposed to decrease the supply? What the fuck are you saying?

Also, answer the question faggot.

If USD cuts newly created USD supply to half tomorrow, will USD have more value (aka you can buy more shit with it) tomorrow?

[Anonymous No.13487202]

>>13487189
see >>13487195

answer the fucking question I've asked multiple times.

If USD cuts newly created USD supply to half tomorrow, will USD have more value (aka you can buy more shit with it) tomorrow?

[Anonymous No.13487209]

>>13487023
hi genius.
please explain to my retarded self how the price is remaining stable now despite a 12.5 btc being added every 10 minutes?

[Anonymous No.13487212]

>>13487183
>>13487202
YOU FUCKING IDIOT IF USD HAS EVEN ANY INFLATION AT ALL EVEN 0.00000000000001% INFLATION (NO MATTER IF THIS IS A 99.99999999% DECREASE FROM WHAT IT WAS) THAT MEANS THE PURCHASING POWER IS DECREASING

WHY ARE YOU FUCKING RETARDED ACTING LIKE THIS IS SUCH A DIFFICULT CONCEPT TO GRASP?

[Anonymous No.13487213]

>>13487168
>>13487176
>>13487183

Why are you arguing with yourself?

[Anonymous No.13487247]

>>13487189


If the total supply is 100 dickbutt coins

and the new supply is 1 dickbutt coin per day

and demand is 1 dickbutt coin per day

then supply cuts cut in half to 0.5 dickbutt coins

and demand remains the same

Do you think the price of dickbutt goes up or down?


Apparently USD is not a good example because you're retarded.

[Anonymous No.13487270]

>>13487212
another example maybe your retarded brain can understand

if the total supply of gold right is 100 tons

newly gold are mined at a rate of 1 ton per year

assume demand is some value, x

then suddenly, miners are like shit, we can only mine at a rate of 0.5 tons now (regardless of what new technology we have) and these miners tell everyone they can only mine 0.5 now instead of 1 tons per year

and the demand is still x

do you think the price of gold goes up or down?

[Anonymous No.13487277]

>>13487247
your scenario is assuming that the total supply being watered down (people only buy dickbutt coin and never sell) which just isnt the case

>>13487270
again you are assuming that demand grows non-stop and the increase in total supply means nothing

this is the real world not dickbuttcoin you deluded fuck

[Anonymous No.13487282]

>>13487247
your scenario is assuming that the total supply being watered down has no effect on price (people only buy dickbutt coin and never sell) which just isnt the case

>>13487270
again you are assuming that demand grows non-stop and the increase in total supply means nothing

this is the real world not dickbuttcoin you deluded fuck

[Anonymous No.13487285]

>>13486628
Why don't you add current to date lines that prove this old chart is homosexual and wrong.

[Anonymous No.13487290]

>>13487285
shut up faggot we are talking here

[Anonymous No.13487304]

>>13487031
It is not disinflation, it is less inflation which yes, is long term more bullish. All the lost bitcoin over time can be considered a sort of dis-inflationary force.

[Anonymous No.13487319]

>>13487189
Lol fucking white nerd.

[Anonymous No.13487326]

>>13487277
I said the demand remains the same in both cases, I never said demand grew. I explicitly said that, I didn't assume demand increased.

if there's people selling now there's people selling tomorrow

the price of something is when someone sells something for x and a buyer is willing to buy at that price

and you can't comprehend an imaginary scenario of a coin as an example.... I don't even know how the fuck to explain something to you. "it's got to be real for me to imagine a scenario" is the most retarded thing I've heard.

If I fork bitcoin's code right now and call it dickbutt coin and change the supply tomorrow, can you then imagine the scenario?

If you can't see that reducing new supply of a commodity increases the price, then I don't know what to tell you

It's like if the supply of fresh rubber gets cut in half tomorrow you think the cost of buying rubber is going to be the same or even go down. You don't need to increase rubber usage (aka demand).

Or if the gas supply is cut in half tomorrow, you think gas is going to cost the same tomorrow

Or if the US can only produce half the electricity tomorrow as it can today, you think your electric bill is going to be the same or even less tomorrow.

[Anonymous No.13487341]

>>13487282

I think gold is the best example for your brain to understand

I explicitly said the demand is "x" and I never increased x. I said "x" in both cases. Before the newly supply gets half and after.

x can be whatever number. You can say the demand for gold is 0.1 tons per year, or 0.5 tons per year, or 100 tons per year.

[Anonymous No.13487376]

>>13487285
good idea, I decided to do this because im bored and probably autistic. sorry but it probably won't be accurate within about $500, but this is my attempt at continuing the the chart up to the current price

[Anonymous No.13487385]

>>13487290
please convince me that in this scenario >>13487270

As I specifically stated in >>13487270

> demand is still x

which means I never assumed an increase in demand. In fact, I explicitly stated the demand is the same before and after the gold supply is cut in half. You can replace "x" with whatever amount of tons you want per year.


and the price of gold would stay the same or go down

[Anonymous No.13487397]

>>13487376
Here's the original chart with just plot points for prices roughly monthly, I did it in paint so the lines are pretty sloppy

[Anonymous No.13487401]

>>13487385
the SUPPLY never decreases. you seem to be confusing supply with the rate of inflation

btc's supply will never decrease, it will only get larger. therefore there would need to be an ever increasing demand just to keep the price at the current level until all coins are mined and there is no more inflation

[Anonymous No.13487410]

>>13487401
even though the INFLATION decreases, the SUPPLY still increases, therefore the DEMAND needs to increase to keep the price stable or for the price to increase

[Anonymous No.13487440]

>>13487397
Thanks. Even with casual paint line it proves that it bursts through the channel and invalidates the chart.

[Anonymous No.13487461]

>>13487401

We're talking about gold here, and the gold supply will never decrease and it'll only get larger. This is known.

The demand is the same. The demand doesn't need to increase. The total supply in the example above is 100 tons.

If the demand for gold is 1 ton per year and the newly supply comes at 1 ton per year, gold matches supply and demand

if the demand for gold is 1 ton per year and the newly supply comes at 0.5 tons per year, you think you can buy gold at the same or even less price?

I explicitly did not assume an increase in demand. I assumed the same demand as 1 ton per year in both cases.

[Anonymous No.13487464]

>>13487440
I don't think it's really deviated enough to consider the chart completely useless, IF there is a massive upward spike to $10-20K within a few months the deviation wouldn't be any more significant than saying at the time of the 2014 spike the chart would have been useless.

Not saying that WILL happen, but if the chart is actually correct that means we would be headed for a massive spike sometime within the year

[Anonymous No.13487474]

>>13487440
>>13487397
They are trend lines and not very accurate ones.

If anything, there should be more places where it falls below those 2 lines to follow that trend.

[Anonymous No.13487477]

>>13487461
ok this made absolutely no sense i think youre just fucking with me at this point because you know you are wrong

(You) have a good night anon

[Anonymous No.13487492]

>>13487477

How am I fucking with you? All I did was take the example I said from >>13487270 and instead of "x" I actually plugged in a value.

I used the value of 1 ton per year for demand.

[Anonymous No.13487502]

>>13487474
That's what I mean, it's pretty strange that the meme lines are positioned with the average price increase having little to no dips below, so the fact that we've went under just seems to indicate that either TA is a meme, or we're going to see some serious shit within a year's time

[Anonymous No.13487668]

>>13487023
imagine being this fucking dumb

[Anonymous No.13487927]

>>13487023
anon educate yourself

[Anonymous No.13487942]

>>13487023
you're not only clueless, you also seem mad. remember: this will only get worse over the next few years. you're probably going to kill yourself in late 2021

[Anonymous No.13487968]

>>13487023
Well I've been posting log charts since 2011. What a fucking normie plebbit response about demand. At peak of last high 2 in 5 Korean office workers owned Bitcoin. What more fucking demand do you want you stupid cunt. Does Gold have no value cause no one uses it to buy coffee. Its a digital gold backstop to fiat inflation. Why the fuck do so many noobs not get this..

Btw i grabbed the chart as the first log one on google search where the fuck did i mention halving?

[Anonymous No.13488040]

>>13487113
>a share

[Anonymous No.13488209]

>>13487178
>This

This is a wise guy that will exit before the collapse again and then enter at a convenient time during the next cycle.

[Anonymous No.13488241]

>>13487055
we had this. It's called irrational hype
and it was 2017
Bitcoin is like gold, right?
Well it's exactley like gold: suppressed and owned by jews.
YOU DELUDED

[Anonymous No.13488571]

>>13487401
Good morning, idiot
What doesn’t decrease is the STOCK. The supply is the new coins being mined and does decrease.

love, mum

[Anonymous No.13488574]

>>13487098
>Anyone who was around for the BTC pump in 2017-18 knows it was caused by massive media attention and speculation being the driving force behind large volumes of FOMO sales.


On the contrary, Sir. The media attention came only at the very end of the bull run. Remember, news always follows prices, not the other way around. Understanding this will give you great insight to this market.

[Anonymous No.13488606]

>>13487023
Found the normie zoomer

[Anonymous No.13488616]

>>13488574
This. BTC was under the radar at 4k, steady growth, no normies

[Anonymous No.13488668]

>>13487039
read an economics book you brainlet

[Anonymous No.13489294]

So you’re saying 1mil by the end of 2020?

[Anonymous No.13489349]

>>13486628
indeed fags wait for the golden bull not reaoizing this is it

[Anonymous No.13489481]

Honestly can't wait for the inevitable suicides hodlers will have in the upcoming months. Bull niggers are so fucking delusional the only way to save them is for them to get lynched.

[Anonymous No.13489637]

>>13487048
kek, your digital gold will be siphoned away by mining equipment. but let's not dig too deep into that, just relaaaaax and wait for next halving, BTC 100k 2020 oh yeah.

[Anonymous No.13489814]

>>13489294
that's a bit overly optimistic
this is the best projection so far