/biz/ - Business & Finance

[Anonymous No.14908759]

Bitcoin.

Isn't it a guarantee that the price will at least be higher than now in 1 to 4 years(halvings)? Maybe not 100k or 1Million but higher than 11k. Why not relax and wait a couple of years. Altcoins will follow.

[Anonymous No.14908825]

>>14908759
>Isn't it a guarantee that the price will at least be higher
Yes, and it becomes self-fulfilling. Each dollar it rises further means that it will rise another dollar. 0 to 1000 was much harder of a gambit than 1000 to 1m.

[Anonymous No.14908846]

>>14908759
Nothing about the price of Bitcoin is "guaranteed."

It could go to $40K.
It could go to $1K.
It could go up and down between $3K and $10K for two years, THEN dump to $1K. Or moon to $50K.

Nobody knows.

Anybody who tells you that they "know" is an idiot.

[Anonymous No.14908914]

>>14908759
We are months away from 6 figure values.

First period 2009 to 2012(pre halving)
Available: 10,500,000 BTC (50% mined)
Price increased from : 0.1 to 31 $ (319 times growth)

Second Period 2012 to 2015 (1st halving was 11/2012)
Best Buy was a year before Halving
Available :15,750,000 (75% mined)
Price increased from : 1.85 to 1135 S (575 times Growth)

Third period 2015 to 2018 (2nd Halving was 6/2016)
Best Buy was a year before Halving
Available :18,375,000 (87.5% mined)
Price increased from : 165 to 19k S (115 times Growth)

Considering that the low value after the bubble has been 3200 usd let´s assume we grow instead of 115 times , half of that(a massive reduction in growth) , 57,5 times.

That gives us a price of 182k somewere around 2021.

And this is assuming a massive slowing down in the price increases happening between halvings.

[Anonymous No.14908949]

>>14908825
Who thought it could go to 10k 8 years ago? People would have laughed back in the times. Thinking about 100k ++ makes me crazy because I own one and I am a poor guy. House Prices in GER are unpayable...

[Anonymous No.14909193]

its about increasing your btc stack bruh

[Anonymous No.14909295]

>>14908759
not necessarily. halvings only affect your supply. Depends what the demand is. this is why an unchanging rate of adoption like some niggers here like to post is not very relevant, because as long as demand stays steady and supply decreases over time you'll have a higher market price

[Anonymous No.14909330]

>>14908846
This is incorrect.
You can say with more evidence that: "Bitcoin will go to 100k." than "Bitcoin will go to zero."
It won't go to zero because every dollar it goes down there will be two people who will buy it.
It will go to 100k because it is a scare asset and the halving reduces the new supply brought to market.
Mining is the only thing keeping the price 'down.'

[Anonymous No.14909367]

>>14908759
because i don't have enough of a stack

[Anonymous No.14909377]

>>14908759
It's a neverending pyramide scheme, the price will be grotesque at some point.

[Anonymous No.14909396]

It is guaranteed because fiat is going to zero.

[Anonymous No.14909400]

>>14909330
>Bitcoin will go to zero
It will never totally go to zero at this point, as long as there is someone willing to run a single mining rig it will have some value.
Further, there is so much asic mining equipment out there now that if prices every really collapsed, it would be possible to buy old miner on ebay for $50 and get into the mining game.
Its a bit like saying "if everyone stops using linux" at this point...at a certain size it just wont happen.

[Anonymous No.14909411]

>>14908759
It'll either be 2x-10x by that time, or it'll be $0.

[Anonymous No.14909461]

>>14909330
bitcoin is too big to fail now
neets will force the imf, central banks and governments to do a bail out and use tax money to set a buy wall at 333k

[Anonymous No.14909480]

>>14909400
the word "zero" can't be used in a sentence with bitcoin unless it's talking about how many zeros to the RIGHT of the primary numeral.

[Anonymous No.14909804]

>>14909377
everything which is a "store of value" including gold is a pyramid/ponzi/greater fool scheme. It is what it is. Profit from it. Don't brig me the argument that gold has value because of "muh industrial usage" bullshit that is a negligible part of golds value.

[Anonymous No.14909888]

>>14909461
this, they are unironically shitting into their pants right now
also, imagine Libra as a trampoline to BTC once they realize it is a stable coin

[Anonymous No.14909915]

>>14909804
I don't disagree

[Anonymous No.14910001]

>>14909888
Millions of nocoiners who recently learned about Libra don't know that they just got caught in the first step of a marketing funnel whose conversion goal is becoming a bitcoin maximalist.

[Anonymous No.14910015]

>>14908914
>past behavior predicts future behavior

It is a baseless assumption that the price was rising because of the halving. There's a correlation between halving and price increase, but it's not necessarily causal.

Halvings are priced-in. As priced-in as a thing can possibly be. Why is this concept so hard for cryptlets to understand?

[Anonymous No.14910017]

>>14909888
its not even a coin. its some perfectly centralized scamtoken with terms like "blockchain" artificially tacked onto it.

[Anonymous No.14910038]

>>14908759
no guarantees but pretty damn likely

[Anonymous No.14910124]

>>14909804
Money as money performs a socially useful function. A world with money is more productive than one without. So it doesn't matter if the token is worthless, it's the system's organization aspect which is providing utility.