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/biz/ - Business & Finance

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15671400 No.15671400 [Reply] [Original]

https://fred.stlouisfed.org/series/BOGMBASE

Compare that to bitcoin rise

1_In the pre halvening era bitcoin price grew about 320 times.

2_In the first halving in 2012 bitcoin grew 510 times in price.

3_In the second halvening bitcoin grew 510 times in price in 2016-2017

Now compare all that grow to the char from the federal reserve above , and you will realize that bitcoin did those movements beause the quantitative easing happening , bitcoin crash happened exactly when the fed quantitative easings stopped.

Now here is the interesting things.

1_Every year before a halvening bitcoin did 3x in price , we did that and even 4x this year but we achieved all of that with an even SMALLER MONETARY BASE.

2_Quantitative easing is about to be restarted everywhere.

3_Bitcoin will have less inflation than fiat.

4_Bitmain is selling 7nm asics and 5nm and 3nm asics will not be here for a long time probably 3 years so miners won't have to sell to upgrade asics for a few years.

The logical conclusion about all of this is that bitcoin will return to it's early days of 300x grow easily , we did the same in the pre halvening year with a collapsing monetary base , and now it's about to expand again , we may even see more than 300x.
And if KYC and regulations become harder this effect will intensify as miners will no longer sell more than enough to pay electric costs due to it having being inflation than fiat.

Inb4 quantum fud , no google quantum computer has 72 qubit , you need 2300 qubit to break into a bitcoin wallet , so at this rate we are safe until 2035 at least.

>> No.15671417
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15671417

>>15671400
>3_In the second halvening bitcoin grew 510 times in price in 2016-2017

Grew 115 times sorry for the error.

>> No.15671612
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15671612

>>15671400
Bumperino

>> No.15671702
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15671702

>>15671612
Based

>> No.15671738

>>15671400
nice, dubs and green id
1 million wasn’t a meme

>> No.15671755

so your saying the 500 dollars i just put in is worth 25k soon? should i be buying more

>> No.15671760

>>15671738
This , if the economic slowdown intensify hard in india , china and europe we will see 1m btc by 2021.

>> No.15671929
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15671929

>>15671400
Ummm sweetie your precious cryptocurrency is floundering and the government is crippling and regulating it.

Your dreams of "making it" off a miniscule investment in a market that has already increased 60,000,000,000% since its inception are a delusional pipe dream.

Tick tock, better get back to work wagie. This is your life, there is no cheating the system.

>> No.15671954

>>15671929
Nice try, Schlomo

>> No.15672031

>>15671929
>crippling and regulating it.

This will only increase it's stock to flow ratio as miners have no reason to sell if it has lower iflation rate than fiat , specially if regulators make it hard , literally bullish also i am not fucking selling.

>> No.15672036

>>15671755
If they restart quantitative easing yes btc is going up massively in the next 2 years but if the fed restart qe as it seems it's going to happen then we will see insane prices.