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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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23899148 No.23899148 [Reply] [Original]

Why has Bitcoin suddenly shot up in price? The U.S. election? The halving was months ago and people don't just randomly start rapidly buying Bitcoin because of something that happened months ago, that makes no sense.

>> No.23899161

Paper money is dying. Why do you think every public sale went apeshit this year? Everyone knew. At least 5x on every one.

Bonded Finance is on 11/15... get your shit together.

>> No.23899182

Socialism. They can take your money, your house and your property but they can’t take your Bitcoin.

>> No.23899228

>Paper money is dying

and bitcoin is not going to replace it.

>Socialism. They can take your money, your house and your property but they can’t take your Bitcoin.

sure they can. didn't they just seize $1B of bitcoin?

>> No.23899239

Supply shock anon, the amount of coins hitting circulation daily halves, yet the total number of those investing are at least the same, so what do you think that does to price?

>> No.23899249

literally the largest financial collapse that has ever occurred in the history of humanity

>> No.23899261
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>> No.23899275

>and bitcoin is not going to replace it.
It might not replace it in the short term but it holds it value much better. Fiat is what, -99% from ATH? BTC is about to make a new one. You'd have to be retarded to stick around in monopoly money right now

>> No.23899281

Delete this image.

>> No.23899351

Delete this post.

>> No.23899361

delete my load off your chin.

>> No.23899380

it always takes some time for the reduced supply to be felt in the marketplace.

>> No.23899402

How can they seize something in your mind?
You do know if you memorize those 16 words, no one can ever take your wealth away from you right?

>> No.23899667

essentially. unless they hit you with a brick until you tell them I suppose.

>> No.23899674

These are all long-term things. What has caused this short-term surge?

>> No.23899760

are you a kid or just a brainlet?

>> No.23899829
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Okay one more last time. Save this image cause I'm not gonna post it again

>> No.23899936

Word of mouth and media attention to the first spike last week gets more people hyped up and involved.

My nigger.

>> No.23900018

Microstrategy was a first bull indicator and it surprised me that it didn't cause bigger waves. Later PayPal. Some think presidential election, but Bitcoin has nothing ot do with that

>> No.23900122

>Bitcoin should be going up and that's why everyone is suddenly buying it!
This explains nothing

>> No.23900140

>Bitcoin suddenly shot up

Zoom out, man. It has been rising continuously from the beginning and will continue to do so. Also, this is not a steep ascend right now.


>> No.23900187

Halving starts to effect with 6-7 month lag.

>> No.23900291

>what is multi sig?

>> No.23900319


>> No.23900328

They didn't seize they made a deal in exchange of the bitcoins

>> No.23900340

Bitcoin is ridin with biden

>> No.23900366

>Bonded Finance
wf is this?

>> No.23900381

>. Fiat is what, -99% from ATH?
why? inflation is only 2%

>> No.23900398

the government isnt going to hit anyone with bricks. they cant even get everyone to pay their income taxes.

>> No.23900405

Hillary Clinton and other elites were buying up adrenochrome in record volumes on the lead up to the election.

>> No.23900447

rly schizo?

>> No.23900581

He's talking like since the dawn of usd or something

>> No.23900603

There is more demand from ng institutional adopters like microstrategy and greyscale. And the suppy was cut in half. Miners and exchange reserve will eventually dwindle

>> No.23900664

so uh thats not a good look.
the big pumps are getting much smaller

>> No.23900841

I guy in China told me about this. I ordered 3kg of 3D printer resin and he asked if I wanted the resin or if I was with the Clinton Foundation and needed adrenochrome. Shit's wack bro

>> No.23900963

>what is a logarithmic scale

>> No.23901050

are you actually retarded

>> No.23901093

>The halving was months ago and people don't just randomly start rapidly buying Bitcoin because of something that happened months ago
This is literally what has happened after every halving, retard.

>> No.23901115

He is right. The % gains are lowering.

>> No.23901352
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it's more like the same # or slightly more are buying, but there are fewer and fewer available for sale
oh noes, I might only get a 100x with huge liquidity.
might as just well rope