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/biz/ - Business & Finance

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19141351 No.19141351 [Reply] [Original]

>vast majority of bitcoins is owned by people who 'can't cash out'.
>Millions of bitcoins held by people that are deceased or who have lost access to their wallets due to them not paying attention and buying/mining bitcoin between 2009-2013.
>Rich billionaires know this and are buying the dips off whales until they control vast majority of the supply.
>This will slowly stabilize bitcoin over time, allowing them to hedge against inflation and prepare for the blockchain revolution.
>Millions of Bitcoins are bag held by normies which will not sell until they moon/can reach their desired sell price.
>Bitcoin is now harder and more expensive to mine therefore half the amount of BTC can be dumped each year from miners

This is the reason BTC despite all odds has managed to stay above 3k for the past few years,
whales have been manipulating the price but are slowly losing control.

>> No.19141468

So... number go up?

>> No.19141475

>>19141468
>he does not realize

>> No.19142641

>>19141475
>He doesn't know

>> No.19142676

>>19141351
>numba will go up despite BTC being nothing but a game of dont be the last bag holder because it's a shitcoin that cant even do transactions properly

>> No.19143350

>>19142676
Bitcoin will be stabilized at a point through an agreement between billionaires to not sell. The only direction the price can move afterwards is up. Therefore they have a deflationary store of value with only one price direction. Bare in mind this will take a while and it will probably settle around a stable price of 7-8k

>> No.19143379

>>19141351
>bitcoin = aol
>ethereum = amzn

Prove me right

>> No.19143426

>>19141351
>vast majority of bitcoins is owned by people who 'can't cash out'.

Finally someone realizes this on /biz/. Cashing out large amounts on any exchange and you'll get permanently banned with your coins confiscated.

>> No.19143447

>>19143379
Majority of Eth is already owned by billionaires as most people that bought ICO sold between the $5-$25 range

So yes Ethereum will be amzn status and chainlink will be MSFT, if windows was charged by every application that is opened and closed in microtransactions (will be 10x mktcp of MSFT)

>> No.19143478

>>19143426
Most of the bitcoins are owned by criminals and people who made tones of money off the silk road/tax evaded and laundered through bitcoin since $10. They never expected the price to hit this high, and know that transactions can be traced back to them. Most countries are going cashless and eventually every tax evading cyptocurrency holder won't be able to illegally cash out. cash tx's in Australia are already capped at $10,000 and it is illegal to do any over this.