/biz/ - Business & Finance

[Anonymous No.14286219]

Is there ANY reason why btc is on a bullish trend? Iran? Gold? Like any plausible reason at all other than "whales"?

[Anonymous No.14286253]

>>14286219

are you retarded?

Bakkt is literally making it so MUCH EASIER for institutions to buy bitcoin, there's growing financial instability with people wanting to move to a more non inflationary asset, then the halving next year is going to cause a HUGE Supply shock on top of norms fomoing in...

a lot of it is simple economics, demand will sharply rise whilst supply will fall

[Anonymous No.14286257]

>>14286219
numerous reasons
> tariffs and inflation biting china, and billions that want to get out
> Scent of trouble with Hong Kong (note Hong Kong pioneered private bank issued currency during the late British period)
> Iran war possibility. (note it was adoption in Greece and Iran that contributed to the first BTC runups)
> World economy cooling
> We're likely looking at Dot Bomb 2.0 in the next year
I'll also add this: buying physical gold is far more difficult than BTC. You by definition have to rely on a trusted "expert" to purchase it and storing it is risky and costly

[Anonymous No.14286271]

>>14286219
No supply
Everybody wants moon

[Anonymous No.14286286]

>>14286219

essentially theres going to be a broader group of consumers and users who have an appetite for bitcoin, with new on-ramps into the scene..... with the block reward cut in half net year (halving) being a large cut to the supply really adding to the fire,

[Anonymous No.14286318]

>>14286219
all whale manipulation. we're going back to $2,000 by EOM.

[Anonymous No.14286336]

its consolidating... which way will it break..hmmmmm

[Anonymous No.14286378]

>>14286219
>Like any plausible reason at all other than "whales"?

Whale make big buys followed by regular people fomo'ing.

[Anonymous No.14286382]

>>14286219
Because we're going to a 100K (conservative estimate) and everyone wants a piece of it. Couldn't you figure it out yourself?

[Anonymous No.14286581]

>>14286219
Bitfinex has been in legal and financial trouble since early April (which, you'll notice, is when this parabolic BS started) and are pumping it with Tether so that they can induce FOMO, then dump the market and cash in.

This is the truth of what is happening right now. Ignore the moonboy retards who are trying to justify this run with crap that they have no evidence for.

[Anonymous No.14286598]

>>14286581
right, next stop 100k

[Anonymous No.14286679]

>>14286219
Gee, I don't know. I'm pretty sure tether printing had nothing to do with it.

[Anonymous No.14286698]

>>14286679
even if printing tether has anything to do with it, someone had to buy the tether first.

[Anonymous No.14286799]

>>14286698

[Anonymous No.14286810]

>>14286698

[Anonymous No.14286850]

>>14286257
>it was adoption in Greece and Iran that contributed to the first BTC runups

what exactly are you on about nigger

[Anonymous No.14286865]

>>14286850
> having no memory

[Anonymous No.14286902]

>>14286698
Is this bait?

[Bitcoinfuelhauler !!AQmQIwSif60 No.14286943]

>>14286219
Q told boomers to buy it....

Well it would be nice if he did...

Could you imagine all that sweet boomer money in bitcoin???