/biz/ - Business & Finance

[Anonymous No.14628982]

Let me give you all a redpill.

Within the time span of each halving a block reward is 1% of the total ending supply for that halving period (210,000 minted coins per period with each coin being worth ~0.0000047% of supply).

However, we are reaching the third halving period. Every new BTC mined is worth 1/7th of the previous value because of the preexisting supply. So whatever impact a "newly rewarded BTC" had on the market, it's now worth 12.9% of that.

Now add into account the cost of mining BTC. A place on the higher end if the scale, like Vanuatu (where nobody mines) costs $327,125 to solve a block ($13,085 per). In Iceland and the US, which are more popular, it's around $118,700 ($4,700ish per). Venezuela, it's $13,274 ($531 per).

Now here is the redpill: even if the miners "hold out" their BTC and refuse to sell except at higher prices, the new rewards coming into circulation are so paltry, compared to the total supply, that no one will ever care to fill their asking prices. BTC is flowing freely, over a dozen million. The new BTC rewards in the next halving will be worth less than 0.00000001% of the total supply.

The meme log chart is being misinterpreted. We are stabilizing prices right now. Bitcoin will remain within 4-18k, barring any kind of manipulation from Bitfinex and Tether (which everyone knows is happening).

[Anonymous No.14628995]

Indeed. This man is wise.


Also, obligatory:
>Imagine buying shitcoins during the golden BTC bullrun of 2019
>imagine watching your wallet bleed sats as 99.99% of alts die , and BTC makes its inevitable ascent to ~$185,000 by 2021
>imagine the deep pang of regret when you could have bought the KING , but instead you were an impressionable faggot who trusted memes instead of THE FIRST CRYPTOCURRENCY IN FUCKING HUMAN HISTORY


Seriously...how fucking retarded do you have to be to not see what is happening before our very eyes? You niggers deserve to be poor.

[Anonymous No.14628998]

I'm a data analyst at a Fortune 500 company. I live on Zero Hedge and post here when I'm not busy. I have sifted through the information for the past 24 hours. In order to ensure proper vigilance and attention to detail I consumed 200 mg of Adderall spaced out in a bi-hourly schedule. I also have been microdosing LSD for the past three years.

I can unequivocally say that there is absolutely nothing profound within this information. It is insubstantial at best, and outright exaggerations bordering on slander at worst.

It would likely be in everyone's best interest to focus on more pertinent issues as opposed to getting lost in a web of obfuscation.

Given the intense mental output of thorough investigation it is essential that one rest to rejuvenate neural productivity.

I suggest going to sleep and completing at least 3 REM cycles before reassessing any further information.

[Anonymous No.14629007]

>>14628982
Too long didn't read. Buy link.

[Anonymous No.14629035]

>>14628982
God damn you fundamental analysis faggots are so fucking retarded

[Anonymous No.14629045]

>>14628982
>bitcoin won’t moon because not enough bitcoins are being produced
Retarded

[Anonymous No.14629078]

I will post this several times over the next few days to see if there any intelligent responses.

>>14628998
Pasta is my favorite dish

[Anonymous No.14629082]

>>14628982
>”BTC will be abandoned” -BigDoggg

[Anonymous No.14629086]

OP's a fag. Screencap this.

[Anonymous No.14629088]

You want a cool factoid about Bitcoin? After the 50 coins / 10 mins block reward cycle 50% of all Bitcoins were left to be mined. After 25 it was 25%. And next year after 12,5 there will be exactly 12,5% Bitcoin left to be mined until 2140. I bet close to no one knew this.

[Anonymous No.14629100]

>>14628982
but the image's prediction actually came true, it's from early 2018

[Anonymous No.14629176]

>>14629100
The point is that logarithmically, it is flattening out right now. There is no demand to push this beyond 20k barring manipulation... what argument says otherwise?

[Anonymous No.14629220]

Interesting thought OP, but are you certain you have worked it out correctly? I do think that there will be a period of price stabilization, but won't it occur at a much later halvening, when the log curve begins to "top out" and "flatten"? Thanks for actually posting something engaging.

[Anonymous No.14629255]

>>14629176
who says there is no demand? i need bitcoin to save me from inflation and the coming currency reform in euroland

[Anonymous No.14629273]

>>14629220
My thought is that this halvening--the one we are in (3rd period) is the tipping point. This is where the market impacts from the rewards would seemingly start to have the least amount of effect. I could be wrong, sure. If I am missing something relating to hash difficulty, that would throw off this hypothesis. If the cost to mine becomes exponentially greater, that would change everything.

[Anonymous No.14629313]

>>14629273
What if the cost to mine were to approach 0?

[Anonymous No.14629345]

>>14628995
>Hindsight makes me so smart
Don't even try to pretend you understood a single word he said

[Anonymous No.14629389]

>>14628982
>He doesn't know how supply and demand works.

[Anonymous No.14629396]

>>14629313
1 satoshi would be worth whatever the perceived cost is of the value of the network (peer to peer transactions, relatively anonymous-ish). So probably not nothing. But not a lot. Though there are so many satoshi in so few hands that it would be a really manipulated wild market with the electricity cost to provide pressure.

Anyone can copy BTC and make their own network and start processing their own transactions. BTC is valueless (outside of perceived value [[just like fiat]]) without the node maintenance and CPU processing costs. All it takes is exposure to get network usage

[Anonymous No.14629400]

makesyouthink.jpg

[Anonymous No.14629439]

>>14628982
Miners still get paid on BSV. Unlimited blocks by the next halving and enough dapps by then to make eth blush.

[Anonymous No.14629461]

>>14629439
Hhahaha fkn hell these sanjay vision faggots are delusional

[Anonymous No.14629468]

>>14629461
What delusional about scaling?

[Anonymous No.14629486]

>>14629439
A BTC fork inherently starts to have more value if there was, like Nakamoto wrote himself, a layer like escrow built into the network. What does BTCSV do that makes it inherently valuable?

[Anonymous No.14629489]

g-g-guys
reading the whitepaper weekly actually helped

[Anonymous No.14629523]

>>14628982
Doesn't take into account that there is some constant sell pressure from miners in general which is required to recouperate costs. With a halving it seems intuitive that there will be a reduction in the number of coins available for sale for the purposes of recouperating costs. Assuming a relatively unchanged demand (seems reasonable), would this not lead to an increase of price?

[Anonymous No.14629557]

>>14629486
Nothing that wasn't already Bitcoin. It scales and follows the whitepaper. Which means no protocol changes from Core, nor missing the OP Codes they removed, but most importantly S C A L E.

Two gigabyte block EOM. A two gigabyte block is over 30 BSV in fees. It keeps the ecosystem sustainable. If miners aren't paid, you don't have miners. You don't have miners, you don't have Bitcoin.

[Anonymous No.14629597]

>>14629523
Check out the red pill part of my OP. There are so many coins on the market now, who cares if miners are selling theirs above market price? The coins rewarded are paltry compared to the rest of the coins already in circulation, so the miners' asking price becomes just another outrageous ask in the order book. Look at the BTC order book now. You'll find asks to buy BTC for 25k. Who in their right mind would pay those prices?

Exchanges (centralized) rule the supply. And now that we've got derivative tools and institutional money and leverage, how is this anything else other than a deregulated stock market?

[Anonymous No.14629602]

>>14629557
>If miners aren't paid, you don't have miners. You don't have miners, you don't have Bitcoin.
kek, the 'job creators' argument. You won't get full 2gb blocks without users, creg

[Anonymous No.14629635]

>>14629557
What do you make of the successor to Satoshi naming Craig as him? I never saw the primary source on it so I don't know, but was he just speculating? The Nakamoto-neighbor theory has a lot of coincidences to be totally nothing.

[Anonymous No.14629672]

once this meme lines break it is over and is getting harder and harder as you can see 100k by may 2020 has to be tha absolutr bottom for example.
when the average cuck like me sees this support being broken the whole narrative collapses.

[Anonymous No.14629743]

>>14629602
>the 'job creators' argument.
This isn't ditch digging. Mining profitability is fundamental to Bitcoin.

>>14629635
Going to have to redpill me on that one, idk know anything about it.

[Anonymous No.14629791]

>>14629743
your id is your iq

[Anonymous No.14629804]

>>14629396
>BTC is valueless
this is where you are missing the bigger picture.
you are correct on the rest of your analysis, but you are completely backwards when it comes to this.
You are not factoring in the real value that Bitcoin has.

[Anonymous No.14629819]

>>14629597
Because the supply is not increasing, but the demand is.
> Exchanges rule the supply
So? They are brokerages their purpose and time is ending.

[Anonymous No.14629824]

>>14628982
>We are stabilizing prices right now. Bitcoin will remain within 4-18k,
>stabilize
>between 4-18k
Literally the opposite of stable retard. Bitcoin isnt easily available to boomers on Charles Scwab and such. Bitcoin is nowhere near stabilizing levels.

[Anonymous No.14629827]

>>14629804
Happy to hear what you have to offer

[Anonymous No.14629866]

>>14629827
it is for you to research on your own.
I will not spoon feed you.

[Anonymous No.14629885]

>>14629824
I agree with you in that his analysis is generally jibberish. I'm willing to help him out though.

[Anonymous No.14629891]

>>14628982
>YOU ARE
You know where you are.

[Anonymous No.14629924]

>>14629597
Miners don't only sell with limits.
At times they have to meet bids when they want fiat. Aggregated over months, this represents a more or less constant market sell pressure (ie supply) that will reduce with a halving.
>Exchanges (centralized) rule the supply.
they don't rule the use of the supply, their users do.
>deregulated stock market
What has this facile analogy to do with anything?

[Anonymous No.14629932]

>>14629819
Are you suggesting that demand is increasing because of public awareness? Exchange accumulation lowering liquidity?

>>14629824 This poster thinks that we are moving toward a time when the normie banks and investment houses will offer BTC to their clients. As it stands, BTC is too unregulated for them, too volatile. Without more regulation, it won't hit regular consumer shelves (as if it was difficult already).

So my question is, you say demand is increasing. Is it? New tokens are popping up everywhere. Tons of new products and forays into the tech. Why would BTC specifically increase in demand? I can't see it happening unless tied to a mechanism with the miners and electricity.

[Anonymous No.14629950]

>>14628982
pathetic

[Anonymous No.14629973]

>>14629932
The amount of text in your post illustrates that you have much research do to. You are missing the forest for the trees.

[Anonymous No.14629984]

>>14628982

I'm not gonna try to convince you if you don't offer my money, but you are wrong in so many fucking ways that I can't even count them with both of my hands.

You are a retard and Bitcoin is going to be the new reserve currency.

[Anonymous No.14630036]

>>14629984
>new reserve currency.
OP, meet the forest.

[Anonymous No.14630127]

>>14629984
How can a supranational reserve currency operate when 5% of the users own 95% of the supply? And when those users are essentially privately operated exchanges.... from HK and the Seychelles? Doesnt seem likely

[Anonymous No.14630187]

>>14630036
Reserve currency sounds like a stretch. Maybe in 3 generations. How would nations acquire sizable amounts?

[Anonymous No.14630201]

>>14628982
>4k
You really think it'll get that low again? I agree that we're going to oscillate for a bit where we are but that seems ridiculously cheap.

[Anonymous No.14630204]

>>14630127

>>14630127

How can a reserve currency work when there is a fucking private bank that prints money out of thin air, lends its to the goverment with interest and then they pay their shareholders dividends; shares that the public can't own because it is illegal to sell them? Who knows, the world is full of mysteries.

[Anonymous No.14630292]

>>14630204
The economic security and military enforcement strength (protection of international commerce, i.e., we are your currency reserve because we make the most money and we protect your economy from destruction militarily).

Where is the security in BTC?

[Anonymous No.14630295]

>>14628995
imagine holding a completely public ledger when btc devs themselves acknowledge it can't be privatized? https://www.reddit.com/r/Monero/comments/c9vtb6/nopara73_creator_of_wasabi_wallet_compared_to/

[Anonymous No.14630328]

>>14630292

> The economic security and military enforcement strength

top fucking kek.

The thing that makes Bitcoin valuable is indeed, the missing goverment, never fucking ever is a politican going to steal my money, they are never going to tax my money and the value of the piece of trust I hold depends on the free market, not if some stupid asshole decides that they want to print more money or lower interest rates, fuck that. The future is anarcho capitalism, invest accordingly.

[Anonymous No.14630429]

>>14630292
the math and the key exchange.
crypto means something different than you think it means.

[Anonymous No.14630645]

>>14630292
>The economic security and military enforcement strength
not gonna continue for long when your country plummets under majority white in a few decades.
do you really believe all empires last forever? delusional.