To those who were not here during the 2018 bear market

[Anonymous No.24909449]

here is a free information post to get you up to speed

[Anonymous No.24909455]

>Why is BTC going up?
BTC's monetary attributes (no third party / central entity, fixed supply etc) means it is the new store of value / savings technology and is beginning to be accepted as such by institutions and high net worth institutions. We recently had a bitcoin halving and this tends to cause a price runup that peaks 18 months post-halving

>Just how many institutions are actually buying BTC
MSTR: $425m invested in the summer, $635m recently purchased, $50m (quarterly profits) invested post-earnings
Square: $1.5B per quarter in Bitcoin fees, $50m purchased for balance sheet in summer
Paypal: BTC payments for 305m users
Grayscale Bitcoin Trust: $12.9B AUM in BTC
Paul Tudor Jones: 2% allocation
Druckenmiller: revealed he owns bitcoin
Ruffer Investment Company: $750m bitcoin
Skybridge: $9.2B AUM, expected to make larger BTC purchase soon
Blackrock: $7T AUM, expected to make larger BTC purchase soon
Note, that these are all BTC only purchases

[Anonymous No.24909471]

>Gold is a store of value, BTC is not
Gold is physical meaning the costs to physically settle trades are burdensome, meaning it ends up being stored and you trade paper and thus centralized. This leads to corruption and gold price manipulation. Gold beat out other metals because it had the highest stock to flow ratio. BTC's halvings means that its stock to flow ratio will outpace gold

>What is stock to flow and why is it important?
Stock to flow is a measure of an asset's existing stockpile to the amount that can be produced. When silver, copper, etc would experience price increases, miners would shift focus to mining these metals and dump on the market. Because of their relatively lower stock to flow, this would add huge sell volumes to the market. When gold's value went up miners still could not produce much more of it so no large dump on the market suppressing prices

[Anonymous No.24909491]

>But what about <insert alt>?
Go ahead and invest. Just remember, most institutions are buying gold as a reserve asset while treating alts as speculative investments. Bitcoin is to gold as alts are to early stage internet startups

>But alts will outperform BTC, look at this one that mooned!
Measure the altcoin's performance in BTC terms, that is what would have been your return if you had just held BTC instead. Also, for you to successfully buy alts, you would have to assume you have some insight that professional crypto venture capitalists are missing. Even venture capitalist admit that 90% of their investments go bad / break even, its the other 10% that drive an enormous return for their portfolio.

[Anonymous No.24909509]

>BTC wastes energy
Wrong, BTC miners position themselves at areas where energy is cheap and there is a glut of it. The local power grid cannot take in all the energy and previously this excess would have been wasted. BTC miners actually allow energy producers to more efficiently offload all their energy and a ton of it is sustainable (hydroelectric dams)

>BTC will be banned by governments
Unlikely, several members of congress and the senate are extremely pro-BTC. China is encouraging its populace to innovate in this area and buy BTC. If even one country outlawed it, other countries would accept it because then the wealthy holders would move nations. To stop BTC completely you would need to shut down the internet

[Anonymous No.24909537]

>Isn't BTC bad because it is deflationary?
No, we had the gold standard for centuries and it worked fine. Deflationary money means that governments have to balance budgets and can't buy votes through welfare programs. Technology decreases price therefore creating an abundance for society. Fiat money printing has halted this by causing anything that is not simultaneously printed to also go up in value over time. Fiat money steals the gains created from our society learning how to produce / provide more efficiently

>Won't BTC worsen inequality?
No, the USD worsens inequality by killing the middle class by inflating assets and making it easier to pay off debts (Econ 101: Real interest rate = Nominal Interest Rate - Inflation). Hence the groups that own physical assets or paper claims on assets are the ones that will do best, hence the entrenchment of the elites

[Anonymous No.24909562]

>Why am I doing this?
To help you all become wealthy. I worked at a tech bank and got to see the insides of blockchain infrastructure companies. The banking elite types (small private liberal arts, parents are non-STEM elites, very champagne socialist) had no care for crypto and took nothing much from our due diligence on the companies or our times getting to speak to world class VC investors and their thoughts on the market. This was in the bear market of 2018 when the crypto prices were down but the infrastructure was being built. The world of Bitcoin is meant to add transparency to our financial system and to help us all become sovereign individuals

[Anonymous No.24909601]

Epic OP thank you my cock is cement. Bumping for visibility. 300K BTC 2021.

[Anonymous No.24909758]

>>24909601
It will be banned by the government by 100k

[Anonymous No.24909766]

hi autistic moron quit reading at first post
care to explain what the hell are you triyng to say?
tl dr

[Anonymous No.24909826]

Quality post

Do people really believe they won't be using banks one way or another with btc adoption? Sure be your own bank and avoid tax untill your family lose everything over a hack or typo. Can't call the police and you wish you had insurance. Transferring fiat is cheaper than sending btc. This is like weed where you want to legalize and be free but reality is that they'll be lobbying just as much as anything else and you have to get license before you can shop. Btc is inflating as we speak. Sure there will be a fixed number in a hundred years but right now it's inflating with more being literally printed every day. And who's to say prices won't just change instead of money being printed. Someone with more brains than me please help.

[Anonymous No.24909881]

Nice read OP, regarding the energy point, remember that if we started using nuclear power plants to mine it would still be healthier on the environment than taking off gold using mercury amalgams jn some shithole creek

[Anonymous No.24909892]

nice good to educate the normies but normies will still buy the tops. :P

[Anonymous No.24909930]

Who is your favorite tranny porn star? Do you prefer them to have big cocks or feminine dicks?

[Anonymous No.24909975]

Thanks for the info

[Anonymous No.24910013]

>>24909449
Great thread, OP, just one question.
>several members of congress and the senate are extremely pro-BTC.
Is this true?

[Anonymous No.24910209]

>>24910013
It’s an exaggeration. It’s literally 4-8 members of the House depending which bill/angry letters you read. No real vocal support in the senate yet, just /literallywho/ house R’s from rural states. That said, Wyoming specifically is going to be one of the funniest case studies of “stay mad, poorfag” between states in federalism’s history.

[Anonymous No.24910243]

>>24909766
ngmi

[Anonymous No.24910972]

>>24910013
>Thomas Massie (R-KY) - House
>Rand Paul (R-KY) - Senator
>Jared Polis (D-CO) - Governor
>Ted Budd (R-NC) - House
>Trey Hollingsworth (R-IN)
>Darren Soto (D-FL) - House
>Stacey Plaskett (D-NY) - House
>Tom Emmer (R-MN) - House
>Cynthia Lummis (R-WY) - Senate
>Warren Davidson (R-OH) - House
>Patrick McHenry (R-NC) - House
Varying levels of support from being very pro-BTC to just supporting legislation that would not kill it. Also if Loeffler wins her runoff then that would add another pro-BTC senator, (ex-ceo of Bakkt)

[Anonymous No.24911914]

>>24909601
Cement is the soupy mixture that hardens into concrete.

[Anonymous No.24912396]

great post op. it is appreciated.

[Anonymous No.24912583]

but when is it gonna dip