[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 166 KB, 688x630, 6468d98d8cc8680411e175a70320ac82.jpg [View same] [iqdb] [saucenao] [google]
17686045 No.17686045 [Reply] [Original]

The next recession already started, COVID-19 is only accelerating the process and aggravating future consequences. People will seek refuge in the gold market and Bitcoin. Bitcoin's halving is about happen as well, so buy BTC now before it moons to $100k.

>> No.17686075

>>17686045
>Bitcoin
Yes
>buy BTC
Oh no no no

>> No.17686728 [DELETED] 

test

>> No.17686849

>>17686045
Thanks, but I'll buy silver at 17 dollars an ounce

>> No.17686878

>>17686849
I will buy it at 5 dolla

>> No.17686911
File: 278 KB, 1575x974, bagholder_BINGO.jpg [View same] [iqdb] [saucenao] [google]
17686911

>>17686045
>buy BTC now

bruh, I also bought @ 16k

>> No.17687047

>>17686045
>moons to $100k.

yeah no. Probably 15k EOY

>> No.17687137

BTC hashrate will plummet post halving. We will be seeing many mining operations outside of places like China shut down operations.

At current levels the halving means that BTC rewards will drop by 53692.75 USD Per block. Operations within that margin area will have no choice but to kill their operations.

The price isnt going to sky rocket because Miners decide to sell higher. There are too many traders and too much existing BTC for a block reward reduction to have this effect because traders will just keep pushing them down.

Further, these operations that shut down may actually dump stacks to cover costs and take what profit they have; actually pushing the price lower, not higher.

>> No.17687189
File: 38 KB, 499x338, 1581106865833.png [View same] [iqdb] [saucenao] [google]
17687189

>>17686045
>People will seek refuge by gambling in casinos

Bitcoin is a tertiary speculative asset that people buy only in times of abundance and excess.

>> No.17687514

>>17687137
k

>> No.17687805

>>17686045
You had 10 years

>> No.17689080

>>17687137

BSV hashrate will plummet post halving. We will be seeing many mining operations outside of places like INDIA shut down operations.

At current levels the halving means that BSV rewards will drop by 53692.75 ROUPIES Per block. Operations within that curry margin will have no choice but to kill their operations.

The price isnt going to sky rocket because Cows decide to sell higher. There are too many cows and too much existing BSV for an altcoin to have this effect because pajeet bagholders will just keep shitting them down.

Further, these operations that shut down may actually dump publically to cover themselves for good health and take what streets they have; actually pushing the price lower, not higher.

>> No.17689165

>>17687189
This. The pandemic and collapse of stocks was the ideal proposed scenario for btc adoption. It failed, it is resoundingly not perceived as a safe haven asset.

>> No.17689902

>>17689165
Hasnt failed yet. This party is just starting.

>> No.17689934

>>17686878
Build a time machine to the 1950s