/biz/ - Business & Finance

$35,000

>>25654265
they were priced out at 10k

get ready for the next retail alt run as these normies all rush in for omg 2 cents per coin

>>25654265
I think you overestimate how good normalfaggots are at finances.
They spend like 60% of their wage on dumb shit like takeout and then wonder why they can't pay rent, investing in anything is wayyy beyond them.

>>25654359
This, people were literally saying "there's no point in buying now it's too expensive" because they're too braindead to do anything but consoom product.

Here's what's interesting though, at 100k it becomes popular among centralized exchanges to re-denominate into mBTC so you have the price at $100 per mBTC and it all fucking repeats again.

>>25654265
Every cunt in the world is already priced out, if you talk about middle class. They dont have that much monet laying around. Only upper middle class in first world and third world elite can afford to get in now. And obviously some crazy neets and oddballs with loans and shitcoin gamble, but average joes can dream of owning 0.1 btc anymore, because they not gonna take bigger risk

Normie here, no normie will ever own a whole Bitcoin. When it was cheap enough to afford it was too speculative to risk the money. Now that it’s a proven commodity, it’s too expensive to risk the money.

>>25654265
Nigger most people in the world are already priced out

>>25654789
this is the self-fulfilling part of "nocoiner rage".
the idea of risking their piggybank money on a speculative asset like bitcoin when it was $600 was not possible for them to do with their normie sensibilities.
once its "proven", they're priced out.
this is why we need to physically separate from them.

As the anons mentioned the average normie in America don't have $10K in the bank to just spend willy nilly let alone $40K.They were priced out ages ago.

>>25654874
It's just too hard to put myself in the normie mindset to be able to answer this question on my own. $40k doesn't seem like an excessive amount of money to me

I just fomoed in, so that is the top!

I’m considering buying another btc, but it’s getting a little too pricey for my taste. I’ll have 90k next week and I can decide then I guess

>>25654987
The U.S. Census Bureau lists the annual median personal income at $35,977 in 2019.[3

And that's just America which has inflated as fuck salaries

>>25654526
satoshi talked about that happening.
poorfag exchanges will probably move the decimal so it feels like your buying whole coins but in reality its 1m sats

>>25654987
Easter euros were priced out at 3k

>>25654987
americucks were priced out at $2k: https://www.cnbc.com/2017/03/22/1-in-3-americans-could-not-come-up-with-2000-in-an-emergency.html

>>25654265
The vast majority of people in the USA have nowhere near $40,000 to spend on a single asset. It already happened, and a long time ago. We're heading quickly into only top 1% or early adopters will ever own a whole BTC territory.

>>25654941

im pretty sure this same revelation is why jews started secret societies

honestly the older and wealthier i get the more i completely understand why they do what they do, people are fucking morons

45k for sure. After that it just feels impossible to accumulate. Buy after 25k everyone looks away.

>>25655239
I don't understand this. America is literally life on easy mode.
>Higher salaries than Europe
>Cheap as fuck land and houses
>Lower taxes
>Cheaper gas

If I lived in America I would be able to save thousands of $$ a month, what is wrong with these idiots who live paycheck to paycheck.

>>25654987
go and look up average salaries around the world
even better look at the median salary in each country

should put things into perspective

Well most americans don't have $500 in the bank. So awhile ago.

>>25654987
The median net worth of all Americans age 35-44 is around $60k, and that's probably almost entirely in home equity

>>25654265
BTC hit ATH in Brazil way sooner than in USD. Back in 2017 1 USD = ~3,3BRL, now it's worth 5.3BRL

to be able to buy a full bitcoin, one needs about 73x the average wage (~3000BRL) today

>>25655502
BTC is pretty huge in south america overall since pretty much every country except Chile (so far...) has a retarded government

>>25655070
When exchanges start measuring in sats people will definitely buy more. It doesn't make sense, but that's how their brain works for some reason. The same happened with AAPL and TSLA stock splits.

>>25654359
Which is why you want to get some LTC, normies will think "omg it's like the silver equivalent RIGHT?!?!"

>>25655722
lmao yes, what is that trading platform where you can buy 1 tenth of a share of apple?

>>25655413
Because people are financially retarded

>>25655727
Unironically OG BTC whales treat LTC as such. Expect LTC to moon once BTC cools off