Get in here faggots: BTC price in 2024

[Anonymous No.28844326]

>very interesting article
https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25

>TL;DR
Here is the thing fags: Scarcity (stock/flow = SF) drives prices. When it comes to BTC, the scarcity is intrinsically related to the happening of miner subsidy "halving", every 4 year.

An autistic used his math skills to predict BTC price thru a logarithmic model of scarcity.
His model fits the 2016 halving price of 8K (which happened with a 16 month delay) and the May 2020 halving price (which is happening now with a 10 month delay).
Gold & Silver interestingly fits his model as well.

He also notices that "The possibility of a power law with 95% R2 over 8 orders of magnitude, adds confidence that the main driver of bitcoin value is correctly captured with SF. [...] Every halving, bitcoin SF doubles and market value increases 10x."

[Anonymous No.28844433]

the model predicts a may 2024 halving price of $500K.
next halving price could occur without delay this time, since crypto is going mainstream & central banks QE is massively flooding the economy with liquidity.

[Anonymous No.28844523]

I'm priced out of 1 bitcoin right now and don't know what to do

[Anonymous No.28844649]

there is a -80% dip coming every time.
before we see 500K, the BTC is going to crash again.

[Anonymous No.28844675]

>>28844523
gamble with altcoins, trade ETH, and hope you luck yourself to 1btc.

[Anonymous No.28844789]

So question:
How much BTC do i need to be considered a "Whale"?
I haven't bought any since autumn 2019, and my current total value is passed x3.5

[Anonymous No.28844804]

>>28844649
no bitch. it is LITERALLY different this time.

Bitcoin is a SoV asset now. You need to see the big picture. We are nearly at 1T marketcap, and 2T is easy now.

Bitcoin won. It isn't some speculative asset driven up by retail investors. It has established strong floors at 40k though institutional demand.

It is NOW too big to fail, it needs value, because institutions are now hoarding wealth in it.

[Anonymous No.28844860]

All I’m trynna say, is that when bitcoin dips a nigga stand to make alotta money

[Anonymous No.28844862]

>>28844649
God I hope so.

[Anonymous No.28844951]

>>28844804
we saw a correction happened every time the BTC reached ATH. this may be different this time but unironically, I still expect an healthy correction before another higher bull run.

[Anonymous No.28844965]

>>28844523
Trade on margin brah

[Anonymous No.28845014]

>>28844523
I was literally you 5 weeks ago. All I had was 1k in crypto. Went all-in on RBC and pretty much at the top traded it for 1 BTC whilst keeping a 15K Rubic stack.

Don't give up anon. I'm out of Rubic now to gamble on other coins, hoping to find another moonshot like that, but it sure made me a lot more comfortable.

[Anonymous No.28845039]

>>28844951
Okay yeah I agree. But healthy like 50% max.

80% is not gonna happen anymore.

[Anonymous No.28845144]

>>28845014
What's your next buy

[Anonymous No.28845213]

>>28845039
This post is typed by hands that dont realize COVID19 was just the warmup

[Anonymous No.28845259]

>>28845213
Bitcoin recovered the best out of all assets.

[Anonymous No.28845407]

>>28845144
TRDL - was sceptical at first by the whole btc burning, but it seems the peg of vBTC to BTC can be easily maintained. Competitor of REN at a fraction of their mcap
PLT - AAVE competitor at a fraction of their mcap. This one gets fudded a lot right now, but so was Rubic at the very start. They seem to be delivering so far which is a good indicator.
PRVS - pic related since this morning. An anon shilled this about one hour ago. He got only 1 reply (from me) but the thread died pretty quick. Unique use case, 2.5M diluted mcap, still on testnet. Might have to be patient with this one but it does feel unironically early.

[Anonymous No.28845449]

>>28845259
the economic crisis is slowing the flow of money, which is determinant in inflation. So I don't expect a small correction since in these times, liquidity tend to stay "static".

[Anonymous No.28845451]

>>28845144
Ah yes, I'm also watching Energy Ledger (ELX) but haven't bought yet.

[Anonymous No.28845477]

>>28845407
shutup, they don't deserve it. shut the fuck up.

[Anonymous No.28845672]

>>28845144
cudos will do an easy 20 x then all into btc after the correction!

[Anonymous No.28845917]

>>28844523
Buy a fraction?

[Anonymous No.28845996]

>>28844675
I just need 2x on my shitcoins to get my BTC. Come on Ada

[Anonymous No.28846102]

>>28845449
you seem smarter than most people here. i have also been looking at the m2 velocity and it kind of seems QE is deflationary??? it seems like we are heading for a liquidity crisis globally. what are your thoughts on this. The fed really has created a liquidity trap and rising bond yields seems to fit this thesis

[Anonymous No.28846328]

WHERE IS THE FUCKING DUMP IMAGINE BUYING THIS KIKE COIN LMFAO

[Anonymous No.28846529]

>>28845407
>>28845451
Thanks anon, will check them out

[Anonymous No.28847030]

>>28846102
My vision is that the Fed is going to set negative interest rates for the banks in order to encourage the monetary creation and the velocity into the real economy, no matter what. It's been the case for Japan and more recently for EU as well. The economy is in bad shape due to coivd (or rather, the hysterical government reaction to this Plandemic).
Either the crash is planned and you'll see a rush in tangible asset like PM and crypto especially BTC. Or, whats happening is beyond the globalists control and they are trying whatever they can to prevent a crash, negative interest rates being the last hope. They are driving us into a deflationary situation to prevent an hyperinflation which could happen anyway.

[Anonymous No.28847251]

>>28845449
OP do you think this cycle has peaked now around $50k or where do you think the current peak will be?
If the BTC cycle repeats in a similar fashion surely it should go even higher than this.

[Anonymous No.28847337]

>people still argue about the price of BTC
>when it has been going up in a straight line on a logarithmic scale
Seems pretty obvious to me

[Anonymous No.28847405]

>>28847251
And add institutional investors to that. I love how everything always comes together in the perfect cocktail each bullrun, just like Elon musk announcing things now and Wallstreetbets makes everyone less trusty in the traditional system...
Well, they are effects of each other so it makes sense I guess.

Elon buys because price is rise, price is rise because Elon buys.

Or maybe the price is just pure rice.

[Anonymous No.28847657]

>>28847405
>Or maybe the price is just pure rice.
incredibly based

[Anonymous No.28848081]

>>28847030
>My vision is that the Fed is going to set negative interest rates for the banks in
will never happen, the interest rates have already been 0 for the past 10 years. They have to raise them at some point, even if they're fucking idiots.

[Anonymous No.28848382]

>>28845407
PLT is just missing the memes. TRDL will murder. KTYLO is worth looking into too btw

[Anonymous No.28848445]

>>28844951
by correction after ATH do you mean 20x from previous peak?

[Anonymous No.28848507]

>>28844326
>economics 101 is wrong
limit demand to 144mb/day and shill stock to flow model to keep the ponzi going

[Anonymous No.28848728]

>>28844326
honest to god question, how sustainable is mining at that point when it already uses up so much electricity?

[Anonymous No.28848759]

>>28844326
the s2f model is being spread to manipulate the market, not sure how but my guess is that this run will be short lived and correct less.

[Anonymous No.28849210]

>>28848728
Sustainable? It is profitable if that's what you're asking. If you want to mine in an ecofriendly way look for places with excessive supply of electricity and mine there. There are power plants on this planet that are just sitting there producing power for basically nobody

[Anonymous No.28849232]

>>28844523
You had 12 years, how could you fuck that up?

[Anonymous No.28849518]

>>28844433
checked but wat?

btc will go to 100-150k within 2 months and the next halving will go to 1-1.5million

there will be a crash but only after the halving

[Anonymous No.28850830]

>>28845449
>So I don't expect a small correction since in these times, liquidity tend to stay "static".
so big corrections?

[Anonymous No.28850917]

This chart tells us we’re heading for $330k per btc

[Anonymous No.28851016]

>>28848728
theres a natural cap that will get reached when we've had a couple more halvings and the price has gotten too large to do another 5x. efficiency is then the only thing that matters, hence the rush into renewable/geological energy.

[Anonymous No.28851216]

>It is scarce like silver & gold
so what he means it's not scarce at all

[Anonymous No.28851353]

>>28844326
It'll be sub 1k and stuck there forever after the flippening

[Anonymous No.28851481]

>>28851353
>he actually thinks crypto will continue to exist when the store of value narrative fails

[Anonymous No.28851535]

>>28844326

[Anonymous No.28851623]

>>28844789
1,000
>>28844523
You know you can buy fractional amounts, right?

[Anonymous No.28851624]

[Anonymous No.28851868]

>>28851481
Smart money already moved on to DeFi, only boomers, niggers and mutts still support boomer coin.

[Anonymous No.28852065]

>>28850917
past performance is not an indicator of future gains ever heard of it?

[Anonymous No.28852192]

>>28852065
Sorry cant hear you maybe take that cock out of your mouth for a minute

[Anonymous No.28852265]

>>28851868
>Smart money already moved on to DeFi

>Zoomers with $50 chasing moonshots moved on to DeFi

Fix'd

[Anonymous No.28852282]

>>28844326
use the cross asset version s2fx instead
same autist refined the model even more
scarcity will soon drift from the model as years go by tho. unless inflation rate keeps up at an astronomical pace, there wont be enough money in the world to keep up with the model years down the line. a simple way to think about this is that the more money there is in a system, the harder it is to move around. its also why you get diminishing returns, not just btc but is any asset category.

[Anonymous No.28852406]

>>28844523
how many years have you had?

it was like 5 k not long ago

[Anonymous No.28852612]

>>28852282
Right now btc is accelerating because the larger it gets the more attractive it becomes for big institutionals due to lower perceived risk.
ETFs start pouring in at 2-2.5 trillion.

[Anonymous No.28852683]

>>28845213
Absolute brainlet take.
March 2020 was the perfect black swan on every market.
You will not be getting 3k btc any time soon

[Anonymous No.28853006]

>>28852612
yeah, it goes both ways too. the larger it gets the more attractive it becomes
the more attractive it becomes, more join and the larger it gets
i think the supply/scarcity and network effect lies beneath it all though. it couldve been any institution or corp joining in, it just happened to be microstrat and tesla by chance this time around. perhaps apple and a few others next.

[Anonymous No.28853059]

>>28846102
>it kind of seems QE is deflationary???
Putting interest rates to zero has the opposite effect the fed believes. As future safe income from capital is destroyed it INCREASES saving as people try to save now to offset the lost future income, thereby decreasing the velocity of money in the real economy while driving up asset prices. The fed can’t see this as they unironically suffer from the 110 iq academic syndrome.

[Anonymous No.28853294]

>>28852282
>scarcity will soon drift from the model
why?

[Anonymous No.28853503]

>>28853294
typo, i meant to say price will drift from the scarcity model.
s2f assumes a continuous exponential increase, but you can easily see mining entire astroids made of diamond or bloating the inflation to make a cup of coffee cost a few hundred bucks still wont make the numbers match.
it should be more of an S curve instead, as all tech adoptions follow. but we're only at the foot so s2f is spot on. it will drift slowly but surely.

[Anonymous No.28854604]

>>28853059
Central banks around the world have been lowering rates for decades in a bit to expand the economy by taking on more debt, and now these days when we have so much more debt as % of GDP (public/corporate/household) than we ever have (that is collectively, there have been times where public/household/corporate was individually higher than now), and they're shocked that people don't take out more debt just because rates are 0%? People are not as retarded as monetary policy "experts" think. Who in their right mind would take out a long term loan nowadays to buy something when they know that when interest rates go up that asset will fall in value so they'll lose equity in it AND their repayments will be higher? Taking out a loan in a long term low rate environment is literally shooting yourself in the foot. The only way can they eventually go is up and the longer they stay at 0% the more asset inflation there will be, and therefore the harder asset crash there will be. Negative rates have 0% chance of being implemented at the consumer level.

[Anonymous No.28855160]

>>28854604
The key here is that the Central Bankers realise what they are doing. But they lost control. They tried to do the same thing they did to Japan in the 90s, Thailand later on, Greece, Ireland, Spain and Italy...they are trying to manufacture bubbles for the IMF and the World Bank and their interest partners (GS, JPM, BlackRock etc etc) so that their vulture capitalism can gobble up assets on the cheap.
The thing is that ever since 2007/2008 it became apparent that these bubbles happening in the EU and the US actually threaten the very assets and the power of the Central Banks and the other banks, so they had to bail themselves out through tax payers and then leveraged their cash and bought up the assets from normal people and middle class bankruptcies.
But now we are trapped in this ever increasing cycle and honestly the only way out that I can see is if the central banks collude with China and somehow manage to align their interests with chinese interests, essentially shifting the capitalist centres of power to china.

[Anonymous No.28855263]

>>28848081
they cant raise them it will fuck everyone and push the banks and the us gov into Insolvency making 1929 look like childs play

[Anonymous No.28855666]

>>28855160
>shifting to power china
already happened

[Anonymous No.28855836]

>>28848081
I agree with the other anon. As long as capitalist structures themselves dont shift away from the US - which we will not see due to the nature of capitalism, nepotism, family ties and so on - to China, the Central Banks of the western world have their hands tied to their backs. They might want to fuck the people and the governments over, but in doing so they would essentially destroy themselves, so this is not a very attractive proposition. If China does not become an attractive safe haven for capitalism in the next 50 years, we will never see an escape from negative rates. If China does become capitalisms new global HUB then the US and the EU will just crash.

[Anonymous No.28855931]

>>28855666
I don't think so honestly. It's very obvious that the US/EU capitalist elites and China do not go on very well at all, no matter what your personal beliefs are. I am not speaking from some political stance here, I dont give a fuck about democracy bullshit, it's obviously just a deus ex machina for stupid sheep.

[Anonymous No.28856265]

>>28855836
yeassss xi will save capitalism! yassss safe haven in china! low taxes very long time for you

[Anonymous No.28856674]

>>28856265
Do you like looking like an idiot? Do you think capitalism is your friend? It's just a form of power structured around the ability of wealthy people to freely use their capital wherever they feel it will net them the best returns. I am not going to engage in your polcel rhetoric. If China becomes attractive to capital and especially foreign capital, and if China offers foreigners the same benefits as the US does now, rest assured, the money and the people will come.

[Anonymous No.28856823]

>>28855931
well maybe they dont 'get along' on some surface level but i think the world center is on the move to asia and they believe that it's rightly so and inevitable, the question now is how do they position themselves bc china wants globalisation of money but not of politics and thats the disagreement with the demineshing west

[Anonymous No.28856828]

>>28844523
I was in your situation but got involved in a pump group and 40-50% each weekly pump to get just under 1 BTC
Invites just opened
discord gg/dnjfjeN3Gr

[Anonymous No.28857200]

>>28856674
it's the most attractive place for foreign capital since the 70's but far from free and growing more authoritarian every day

[Anonymous No.28857586]

>>28856823
>>28857200
Yes, that is exactly my point. China's government does not want to share power with capitalists, they do not see any net positives in that, as they can safely assess what corruption and greed does to formerly sovereign states: government becomes just another arm of the banker's interests. I look at this completely without emotions right now, sure, as a person it would suck for me, as I am German and while the EU would likely have a better position with China than the US, it would still mean that our quality of life would decrease. I am not even convinced that China will ever bend it's knees to Anglo-Saxon, Germanic and Jewish interests, I think their history has made them very weary of foreign influence.

[Anonymous No.28857684]

>>28844326
>doesn't post the price

fuk u

[Anonymous No.28857713]

Charlie Munger: people who deal with cryptocurrencies are absolutely disgusting and immoral. It's worthless artificial gold

[Anonymous No.28857874]

>>28857713
Charlie Munger is a prime example of a corrupt, greedy capitalist pig, he made money in extremely immoral ways and now wants to condemn people for seeking a way out of the corruption that he helped create and consolidate.

[Anonymous No.28858070]

>>28857586
so we agree. as for:
>our quality of life would decrease
yes next gen's are fucked, well germany as the biggest eu member will probably do better than the rest, but the walfare state everywere is in big trouble

[Anonymous No.28858180]

>>28852282
>cross asset version s2fx
thanks anon

[Anonymous No.28858429]

>>28858070
Absolutely. I think no matter how you slice it, and no matter how will eventually reign supreme, the power of the people (if there ever was one) has been completely shifted away from them towards the few.
The coming century will be make or break for human civilization I believe. Global capitalist structures have only helped one kind of people, the mega rich, the billionaire class, the other 99% have to share an ever decreasing piece of pie, as environmental damage, climate change and the welfare state slowly collapse into ruins.

[Anonymous No.28858482]

>>28858429
*who will reign supreme

[Anonymous No.28858497]

>>28844326
10 trillion USD or 1 real meat big mac

[Anonymous No.28858546]

>>28844326
Bitcoin wont make it long term
Special interest from the miners make it a outdated tech in the longrun.

Ethereum is a better and safer investment. Also be on the lookout for new promising projects. that's the key.

[Anonymous No.28858829]

>>28858546
Every Bitcoin FUD attempt translates (in my mind) to: I dont hold enough or any Bitcoin to make it, so please pump by bags.

[Anonymous No.28858963]

>>28858829
Who's to say bitcoin will never have a real competition?
Atleast that's how bitcoin is priced today.

If people change their mind on this bitcoin's monopoly. The premium diminishes.

[Anonymous No.28859018]

>>28858829
whats the idea though once its worth 100's of k?
how do you buy bread

[Anonymous No.28859111]

>>28844804
>buy at 50k
>it’s fine bro, it will never drop below 40k
>institutions are going to put billions into something that might randomly drop 20%

[Anonymous No.28859186]

>>28859018
you wont need bread, silly.
ubi will get you free bugburgers.

[Anonymous No.28859194]

>>28859111
Nice trips

Exactly. Bitcoin once was the newest tech but it's certainly not anymore.

[Anonymous No.28859203]

>>28844523
Start saving cash in a savings account so that you can buy 1 BTC before it moons. Godspeed brother.

[Anonymous No.28859270]

>>28844804
>strong floors at $40k
Nigger it's been like 2 weeks. You new here?

[Anonymous No.28859325]

>>28859111
they already bought the 30% dips

[Anonymous No.28859369]

>>28844804
sounds like you’re married to your shitcoin and over-leveraged.

[Anonymous No.28859471]

>>28859018
>whats the idea though once its worth 100's of k?
>how do you buy bread

Do you buy bread with a 1 kilo gold bar?

retard

[Anonymous No.28859487]

>>28844804
>thinking that a currency that can only handle 7 transactions per second has "won"

[Anonymous No.28859548]

>>28855931
lmao. except when they allow the entire middle class of wealth to transfer to China and Mexico. Capital sold you out long ago.

[Anonymous No.28859595]

>>28844326
What does this mean for 2024 anon?

[Anonymous No.28859621]

>>28857586
China is extremely capitalist. they just removed some law that forced foreign companies to be under CCP jurisdiciton

[Anonymous No.28859674]

>>28859548
The only thing that really went to Mexico and China was labour and inflated USD, and the reasons are corporate grip on the US gov and the Central Banks making it more attractive to use cheaply available USD to pay for even cheaper labour outside the USD sphere.

[Anonymous No.28859733]

>>28844326
I bought .7 of a bitcoin in mid 2017. Bought the other .3 during the crash in March 2020 when it was 5k. During that time I was waging again so I had cash to spare. Feels good to have a full one.

[Anonymous No.28859813]

I've almost reached my goal of one full btc. I will never sell. I will buy more. 1 BTC = 1 BTC. 1 million by 2030.

[Anonymous No.28859824]

>>28859471
no, i dont buy bread with any amount of gold, just like I dont with any amount of bitcoin.

[Anonymous No.28860049]

>>28859018
Think of Bitcoin as extremely valuable Real Estate with the added benefit of not having to pay taxes on it. If it hits 100k it will almost guaranteed hit 1 million.
You just hold onto your Bitcoin and use it as collateral for loans.

[Anonymous No.28860212]

>>28859203
Terrible advice. A savings account won’t earn any interest. Dump everything you don’t need into fractions of bitcoin and wait. You’ll earn a way better return than a bank account. Especially since inflation is killing the dollar.

[Anonymous No.28860414]

>tfw only 2.1 btc

ngmi bros... why didnt i buy more

[Anonymous No.28860581]

>>28860414
Jeez man, I only hold a little over 1 and I paid 25k for that. Stop being petty bro.

[Anonymous No.28861624]

>>28858429
It's funny how we live better than kings less than 100 years ago. Sure the kings of today live better than us but that's always the case. The power of the people is a mob.

Human civilisation isn't going anywhere. Sure you or I might be fucked, or particular groups may get fucked. But human civilisation as a whole is here to stay. In 100 years from now, the everyday man will look back at us and laugh, what were we all worrying about. Just enjoy the time you have.

[Anonymous No.28861764]

>>28859194
Gold and silver is not new tech either.

[Anonymous No.28861815]

>>28861624
This kind of thinking seems highly reductionistic. There is a pivot, there is a breaking point, nothing is forever and human civilization is far too vulnerable to be.

[Anonymous No.28861913]

>>28861815
Its like the little bumps in the market. At the time they seem massive, but in the long run, they are little bumps.

Human civilisation is vulnerable compared to what?

[Anonymous No.28862000]

>>28861764
You don’t buy those because of the tech

>gold bad
>but bitcoin is digital gold

[Anonymous No.28862181]

>>28844523
You can do it Anon I’ve traded up from .1 to 2.1

[Anonymous No.28862214]

>>28861624
>It's funny how we live better than kings less than 100 years ago.
We also live worse than boomers and their parents 50-70 years ago.

[Anonymous No.28863977]

>>28861624
>It's funny how we live better than kings less than 100 years ago.

Another redditor who's been completely brainwashed by jewish propaganda.

He already owns nothing and is happy about it, just like a crackwhore who just got her drug dose.