/biz/ - Business & Finance

[Anonymous No.17638779]

This is not what i expected at all.

[Anonymous No.17639713]

we bears told you the halving is a meme months ago. should listen. have fun at $1k bitcoin in 2021

[Anonymous No.17639725]

>>17638779
>>17639713
You retards have two previous halvings to learn from and yet you will fuck up again. Sad

[Anonymous No.17639736]

>>17639725
>Two points is a trend

[Anonymous No.17639757]

>>17639736
It's a start. The fact that it's only two points is a good argument for why it'll happen again. The fourth or fifth time might not happen, since by then even smoothbrains like OP will have caught on.

[Anonymous No.17639792]

>>17639725
>muh stock to flow model
Even my grandmother is talking about the halving. theres nothing about it to learn. its a normie concept. bitcoin is not driven by demand retard, you had x number of years to learn that

[Anonymous No.17639828]

>>17639792
Go ask 100 people on the street about bitcoin. None will know what the fuck it actually is. Feel free to short the bottom, I don't give a fuck.

[Anonymous No.17639843]

>>17639792
it's common fuckign sense

halving = bitcoin's inflation get's cut in half, less supply

halving = miner's get less rewards, thus miners break even cost doubles overnight, miners start HODLING

less supply, same demand = price goes up

the fuck is so difficult to understand

and ur grandma is, but what about the other 9999999999 grandmas that arent u fucking retard fuck

[Anonymous No.17639857]

>>17639792
What’s the matter kid? Gonna cry? Piss your pants? Maybe... shit and cum?

[Anonymous No.17639868]

The halving is priced in

[Anonymous No.17639873]

>>17639757
I can not think of a more smoothbrained arguement than this.

[Anonymous No.17639908]

>>17638779
A good portion of the margin longers, especially the most cocky ones, will be liquidated before the golden bull. That's how it's meant to be.

[Anonymous No.17639919]

>>17639868
My fat cock is priced in your mouth.

[Anonymous No.17639928]

>>17639843
they can't hold, they have electricity bills to pay, simply they will stop minning

[Anonymous No.17639932]

>>17639908
Just buy in (BTC/ETH, no memeing) and do not margin trade. The way to make money on the crypto paradigm shift. There's still an easy 1,000x in the 2020s.

[Anonymous No.17639933]

>>17638779
if i'm holding shitcoins will I be exposed to the market movements caused by this?
or is it already priced in?

[Anonymous No.17639940]

Don't remember litecoin halving just a few months ago? tanked after halving. this shit going to 1k.

[Anonymous No.17639951]

>>17639928
Yes, large companies that have been mining bitcoin for years will go bankrupt from holding for a few months. Jesus you guys are fucking braindead.

[Anonymous No.17639957]

so what's a good price to buy btc?

[Anonymous No.17640000]

>>17639957
Do not try to time the crypto market. Do not margin buy. Just buy in as fast as you can with as much money as you can forget about until BTC hits 1m, at least.

[Anonymous No.17640010]

>>17639868
yea it's priced in you fucking retard

[Anonymous No.17640016]

>>17640000
Which may take many years, but may also happen in 2020.

[Anonymous No.17640023]

>>17639951
Why not mine something else?

[Anonymous No.17640035]

>>17640000
this

[Anonymous No.17640050]

>>17640000
>>17639957
sure, but btc is down 8% in last 24 hours
what's going to be the low? right before it halves?

[Anonymous No.17640102]

>>17639725

This. Everyone has bought into this cult-like mania that it has to go up based off two previous halvings.
No. No it doesn't.
If you're banking thousands you can't afford to lose on two data points, you're at peak delusion and are going to get burned, hard.

[Anonymous No.17640142]

>>17640102
cult like mania? no one gives a fuck about btc anymore.
the fomo will be like none seen before. 60k ath and then a retrace to 15k per btc.

[Anonymous No.17640197]

>>17638779
Less miners mean less Buttcoin being mined means fewer in circulation means by the mining all of them are gonna be bought making each worth 100 million trillion dollars

[Anonymous No.17640214]

>>17640142
>no one gives a fuck about btc anymore.

Every single person on earth that would be interested in bitcoin already knows about it at this point. The saturation point has been reached long ago.

[Anonymous No.17640230]

>>17639868
Hi Mike

[Anonymous No.17640244]

>>17640142
Exactly, this is why I’m so bullish, all the normies think it’s a ponzi scheme or tulip mania scam.

[Anonymous No.17640250]

>>17638779
Isn’t it logical to assume that the halve innings will make the new bottom 10k so either prices go up or pretty much crashes because everyone cashes out of their miners and uses money to pay loans and other bills?

[Anonymous No.17640257]

>>17640023
Network effect. Same reason why nobody has dethroned facebook as the biggest social network.

[Anonymous No.17640312]

>>17640023
Bitcoin requires specialized ASICs to mine. You can only mine SHA256 coins with them. They'd probably switch to XMR otherwise. Every other SHA256 coin is a worthless shitcoin. Bitcoin is not going anywhere.

>>17640050
If there was an answer to your question everyone would buy at that point. Just pick a price, calculate your risk and go for it.

[Anonymous No.17640357]

>>17640312
fair enough. I'm just trying to understand the impact of "halving"

[Anonymous No.17640366]

>>17640214
Does that mean theyre buying the bottoms and accumulating? No they arent doing shit but wonder when the next superhero movie comes out.

Lol why even come to this place if you arent optimistic about the market?
I know, you were in the market but lost everything due to greed. Better start earning some fake money to buy some real coinage.

[Anonymous No.17640367]

ALERT

COINBASE SAN FRANCISCO REPORTS 2 STAFF STAYING HOME FOR SELF QUARANTINE AFTER TESTING POSITIVE FOR COVID19. HAD CONTACT WITH ALL STAFF IN OFFICE SETTING FOR AT LEAST 1 WEEK.

TAKE YOUR SHIT OFF COINBASE ASAP.

ALERT

[Anonymous No.17640395]

>>17640357
Miners get half the amount of BTC from each mined block. This means that the price has to double for them to keep the current profit margins. Not to mention difficulty goes up as more miners join the network and compete for block rewards. At the moment break even for cutthroat miners is about $5k. After halving bitcoin literally cannot be under $10k, unless miners mine at a loss. They will stop selling their coins and pay expenses out of pocket, thus significantly reducing the flow of new bitcoin into the market, thus raising the price to their new breakeven and beyond.

[Anonymous No.17640494]

>>17640395
wow, that's very concise and informative
Thank you kindly, that helps

[Anonymous No.17640737]

>>17640366

I'm optimistic about BSV

Nothing else

[Anonymous No.17640773]

>>17640395
thank you sir me understand now

[Anonymous No.17640856]

>>17639940
Your boomer Dow is going to 1k soon lol.

[Anonymous No.17640909]

>>17640214
False. I can think of a handful of people that will fomo come the next parabola. We are the early adopters.
The first 4/5 years were the innovators
The next early adopters up til now.
The coming wave is the early majority, some got burned in the previous phase but are early to the party.
Early majority will ride the next two bubbles.
Then the late majority in the late 2020's early 2030's, just as the current system grinds to a halt. People will transition ove the next 10 years throughout the 2030's.

The next 6 years will see crypto attempting to cross the chasm

[Anonymous No.17640917]

>>17640773
Of course, this means BTC is gonna be worth more on average over longer periods of time, but it doesn't necessarily mean that it will e.g. double in price right when the halving happens.

[Anonymous No.17641009]

i feel so fucking happy i was smart enough to only buy link when i got into crypto in 2017.

fuck bitcoin LOL

my 5 thousand dollars is now 60k hahah

i could care less is it goes back to 5 thousand oh well.

[Anonymous No.17641044]

>>17638779

The Halvening is upon us.

[Anonymous No.17641045]

>>17639843
kek how new are you ? the whole reason btc went as high as it did was because of tether

[Anonymous No.17641095]

The fact that crypto value is measured in USD really says it all.
Tommorow is gonna be Hell.

[Anonymous No.17641285]

>>17639843
>hodling
>id has CUM in caps
>Believes in the can’t cash out meme
>Id has cum

[Anonymous No.17641458]

>>17640909
are we in the chasm? kind of feels like we are

[Anonymous No.17641579]

>>17641458
Yes but there are still bubbles within the chasm. Adoption and price still rise up as the chasm is crossed. The chasm is more of a technical breakthrough. The point when it becomes easy for the majority to use the technology.
I prefer to refer to these cycles as
>innovators
>smart money
>early adopters
>early majority
>late majority
>laggards
Early adopters adopt during the chasm, the early majority thereafter.

[Anonymous No.17641615]

>>17639857
this is such a retarded meme phrase used by really young zoomers thinking its le funny le witty le humor man stuff

[Anonymous No.17641637]

>>17640737
neck yourself bitshitv cultist

[Anonymous No.17641653]

>>17641009
its couldnt care less you retarded peasant

[Anonymous No.17641658]

>>17639843
>miners start HODLING
idk about that anon

[Anonymous No.17641672]

>>17639928
>the same argument newfags used the last 2 halvings

stay poor faggot

[Anonymous No.17641690]

>>17640000
This is how a scammer talks.

Don't listen to this retard if you value your money.

[Anonymous No.17641711]

>>17640312
Everyone will switch to BSV, the real Bitcoin that scales and offers high volume of transactions, generating fees regardless of block reward subsidy

[Anonymous No.17641715]

>>17638779
bitcoin is over bro
its old technology and old news
sell while you still can get some money from it

[Anonymous No.17641723]

>>17641711
shit up bitshitv cultist you werent asked for your cult opinons of fraudtoshi's fake scamcoin

[Anonymous No.17641762]

Effects of the halving will take months to see.
Probably 15k EOY

[Anonymous No.17641975]

>>17641637
>>17641723
The terrified coretard lashes out in rage and fear as he is backed further into the corner.

You are watching the death of a sick animal right here. Everyone can see it.

[Anonymous No.17642011]

>>17641975
the bitshitv cultist seeing someone call his token a scam instantly goes into cult defence mode and lashes out like a toddler mad his tendies were taken. as expected from a bitshitv fraud token holder. this thread is for bitcoin the OG not your scam token by craig fraudtoshi wright dumb peasant. I know you're a cultist and you MUST post in threads that dont involve you to spread the false teachings of your false god but seriouesly fuck off and die from plague

[Anonymous No.17642078]

>>17642011
Death rattle of the eternal coretard. Flailing, angry, enraged, confused.

Your scam is soon about to be over. The halving will be one of many deathblows to your ponzi.

Sperging out in a frothing rage is not going to stop what is coming.

Nothing can stop what is coming.

[Anonymous No.17642220]

>>17642011
Stop feeding the troll

[Anonymous No.17642578]

>>17642078
kek you keep seething over the fact you'll never be the OG bitcoin and keep calling it core cuz thats all you have as a bitshitv cultist... fraudtoshi is a scamartist and not a god and you're little cult will go down in flames over the next few years as he's exposed in court and can never sign with the keys he doesnt have. but keep saying im mad cuz its how you cope with reality that fraudtoshi will never sign because he cant. He says he has the keys, SIGN! oh but craig faketoshi wright cant do that can he bitshitv cultist. btfo with no chance to recover once again

tl;dr craight faketoshi wright claims he has the keys? SIGN! But he wont cuz he cant and bitshitv cultists hate that truth and reality
>>17642220

[Anonymous No.17642619]

BSV IS KING!!!!! Bitcoin Core $0 EOY!!!!

[Anonymous No.17642732]

>>17640917
I don't think anyone is saying it'll pump right as it halves. Last time it took 1.5 years after halving for the top to come in. I'd expect it to happen faster this time around, because people will try to front run one another.

[Anonymous No.17642765]

>>17642078
What an autistic boomer

[Anonymous No.17642940]

>>17640050
I am buying in at 8k, if it dumps quickly under 8k I might wait a little but I really doubt there is chance of going under 7k before halving. If someone tries to tell you we will see 6k soon just don't listen to him, it's probably the same guy hoping for tripple digit link eoy.

[Anonymous No.17643042]

>>17639843
>less supply, same demand = price goes up

what if the demand goes down because bitcoins aren't generated in the same manner any more?

[Anonymous No.17643368]

>>17642578
Literally you HAHAHAHA

[Anonymous No.17643395]

>>17641637

Stay mad, kid. We're busy building the new internet

[Anonymous No.17643674]

>>17641458
>>17641579
the chasm is the uncertainty, if a technology will be adopted by the masses or not
bitcoin as well as chainlink haven't crossed the chasm yet
and not every new technology will cross the chasm automatically
most technologies fall into the chasm and are never to be seen again

[Anonymous No.17643700]

Sell pressure will be insane after people realize halvening wont resurrect the corn.

[Anonymous No.17643775]

>>17643368
>>17643395
cultists just cant accept reality and thats sad... so brainwashed and low IQ they make easy victims to fraudtoshis lies

[Anonymous No.17643793]

>>17639736
>implying sound microeconomic principles suddenly don’t apply

[Anonymous No.17643839]

>>17643775

You seem scared and desperate

[Anonymous No.17643848]

>>17643839
you seem to keep making things up to cope with reality bitshitv cultist.

[Anonymous No.17643884]

>>17643775
Imagine begin this much of a seething NPC lmao

[Anonymous No.17643898]

>>17643848

Keep proving my point, you're doing a great job

[Anonymous No.17643933]

>>17643884
imagine being this much of a cultist you cant handle reality about your fraud coin and faketoshi

>>17643898
if I keep pretending he's mad he's mad.. this is the mind of a bitshitv cultist on brainwashing and stupidity

[Anonymous No.17644027]

>>17643933

I'm not saying you're mad, I'm saying you're scared and desperate. You and everyone else thought BSV was going to die over a year ago, and yet it keeps growing while everything else stagnates or dies off.

[Anonymous No.17644073]

>>17639757
Are you legitimately retarded?
>Things happen exactly three times but not four or five. And if they happen twice that means they will happen a third time.

You need help

[Anonymous No.17644104]

>>17642011
bsv controlled op.

[Anonymous No.17644115]

>>17644027
you keep making alot of hilarious assumptions about me and what I thought about bitshitv. I dont care if it dies nor did I think it would... xrp is still around and thats a scam. I do think its a fraud coin run by a fake satoshi but you're the one getting all upset and buttgaped and keep replying with more and more made up shit to cope with the fact someone isnt in your cult. now stay seething bitshitv cultist and maybe you should stop replying and let it go elsa you look like a bitch made fag with how desperate you are to win for your cult

[Anonymous No.17644155]

>>17639725
except back then bitcoin interest was on the rise and it actually had utility for darkweb drug sales and it was already worth next to nothing so had nowhere to go but up.


now bitcoin has no utility, has been replaced by more useful faster digital currency, and is sitting high in overvalued speculation because 90% of the holders dont ever intend to use it or care to use it, they just bought because they think other people will buy and their value will go up. its literally a house of cards

[Anonymous No.17644221]

>>17639725
Exactly this. This is the reason I am glad that Hedera Hasgraph exists. It solves this issue.

[Anonymous No.17644225]

>>17644155
You competely missed the fact that now people are using it as a store of value hedge vs inflation. People buy Gold too and never intend to use it as currency, they used it to protect their wealth.

[Anonymous No.17644252]

>>17644225
>people
im sure there are some people doing that but i have a very hard time believing its anything but an insignificant minority of holders, mostly young idiots

[Anonymous No.17644311]

>>17644252
Where else will people go when fiat becomes more and more worthless? Gold and silver are manipulated far worse than Bitcoin. Other coins aren’t tried and tested like BTC is. Bitcoin and crypto will gain more and more traction projecting into the future.

[Anonymous No.17644315]

Surely if something else is hugely more profitable to mine, they'll mine that? Though BSV/BCH halving comes first so I don't know.

[Anonymous No.17644337]

>>17644115

Yikes

[Anonymous No.17644977]

>>17644225
What's the value?

[Anonymous No.17645469]

>>17639713
How is it a meme if it's gone up every time its halved? Its fucking basic math for miners selling the coins dipshit..... daily supply cut in half, cost of electricity, mining difficulty, block rewards.... this shit will easily pass 100k within the next few years.... the daily volume is insane ... I could go on but your too big of a retard stay poor faggot.