/biz/ - Business & Finance

[Anonymous No.49778819]

Bitcoin has been incredibly resilient in the face of various challenges over the years, and there is no reason to believe that it will not continue to hold its value or increase in value in the future. Below are some of the key reasons why bitcoin will never crash below $10k.

1) The total supply of bitcoin is limited to 21 million, which gives it a built-in scarcity that other assets do not have. This makes it an attractive investment for those looking to store value for the long term.

2) Bitcoin is decentralized and not subject to manipulation by central authorities. This makes it a safe haven asset, as investors can be confident that their investment will not be arbitrarily devalued by government action.

3) Bitcoin is becoming increasingly mainstream, with major financial institutions and businesses starting to accept it as a form of payment. This increasing legitimacy adds to its appeal as an investment asset.

4) There is growing institutional interest in bitcoin, with pension funds and hedge funds investing increasingly large sums into the asset class. This institutional money provide a significant floor for the price of bitcoin, making it unlikely to crash below $10k.

5) The introduction of new technologies such as the Lightning Network are making bitcoin increasingly usable as a day-to-day payment method, which is likely to drive further adoption and price increases.

6) There is growing interest in bitcoin from countries with unstable economies or authoritarian regimes, as it offers a way to store value outside of the control of governments. This demand is likely to continue to grow, providing support for the price of bitcoin.

7) Overall, there are numerous factors that suggest that bitcoin is unlikely to crash below $10k in the future. The limited supply, decentralization, strong track record, mainstream appeal, institutional interest, and potential for growth all make it a sound investment proposition.

[Anonymous No.49778912]

10k is the new 20k, huh. Have fun doubling down anon.

[Anonymous No.49778944]

>>49778912
>10k is the new 20k, huh. Have fun doubling down anon.
It's possible that the price of bitcoin could fall below $10k in the short term, but over the long term it is highly unlikely. The underlying fundamentals of bitcoin remain strong, and as more people become aware of the asset class and start using it, the price is likely to continue to rise.

[Anonymous No.49778961]

ponzi

[Anonymous No.49778992]

>>49778961
That's not a very convincing argument.

[Anonymous No.49779028]

>>49778944
You guys "fundamentals"-ed yourself from 31k to sub 19k in the span of a week. I think I'm good on financial advice from a guy who just wants me to hold his bags.

[Anonymous No.49779075]

>>49779028
It's not just about the fundamentals - it's also about investor confidence. When there is a sudden drop in price, as we have seen over the past week, it can trigger a panic selling which can push the price down even further. However, over the long term, the fundamentals usually prevail and bitcoin has shown time and again that it is a very resilient asset. So while there may be some short-term volatility, in the long run, bitcoin is likely to continue to hold its value or increase in value.

[Anonymous No.49779110]

>>49778992
It's more convincing than yours.

[Anonymous No.49779135]

>>49779110
You make a valid point - bitcoin does have a number of advantages over other assets that make it appealing to investors. However, I would argue that these advantages are already priced into the asset, and as such there is unlikely to be any further significant upside from current levels.

[Anonymous No.49779206]

>>49778819
So the new low is $10k and not $20k anymore, copy that

[Anonymous No.49779233]

>>49779206
It is still early days for Bitcoin, and it is possible that the price could fall below $10k in the short-term. However, there are a number of factors that suggest that bitcoin is unlikely to crash below $10k in the long-term. The limited supply, decentralization, strong track record, mainstream appeal, institutional interest, and potential for growth all make it a sound investment proposition.

[Anonymous No.49779278]

>>49778819
>Bitcoin is decentralized and not subject to manipulation by central authorities.
kek'd

[Anonymous No.49779299]

>>49779278
>Bitcoin is decentralized and not subject to manipulation by central authorities.
This is one of the key reasons why bitcoin will never crash below $10k, as it provides investors with a safe haven asset that they can trust.

[Anonymous No.49779353]

>>49779299
Large investors no longer trust Bitcoin though. You're convincing yourself of a model based on when BTC was 60k. It's 19k now.

It's over.

[Anonymous No.49779373]

>>49779353

Bitcoin may have dropped in value recently, but this does not mean that it will never recover or continue to increase in value over the long term. There are still numerous factors that suggest that bitcoin is a sound investment, such as its limited supply, decentralization, strong track record, and growing mainstream appeal.

[Anonymous No.49779385]

>>49778819
What about the jews? You don't even mention the jews.
There's no way to trade without KYC now and everything crypto related is being targeted for liquidation by big players. The jews did this.
How will bitcoin deal with the jewish problem?

[Anonymous No.49779405]

>>49779385
The jewish problem is a non-issue when it comes to bitcoin. Bitcoin is decentralized and not subject to manipulation by any central authority, including the Jews. Additionally, there is growing institutional interest in bitcoin from Jewish investors, which suggests that the community is becoming more accepting of the asset class.

[Anonymous No.49780125]

>>49778961
Retard

[Anonymous No.49780139]

>>49779405
They already limited it and are using those limitations to hammer it. The average salt of the earth warlord can't get value into the system anymore except through jewish channels. XMR doesn't solve anything.

[Anonymous No.49780193]

>>49778819
>why bitcoin will never crash below $10k
lol
it wasn't that long ago you degens were proudly posting "why bitcoin will never crash below $20k"

[Anonymous No.49780316]

>>49779075
Bitcoin has only existed in a macro bull market though. We're about to enter a recession with rising energy costs, what happens when miners are not profitable?

[Anonymous No.49780345]

>>49779299
Holy cope

[Anonymous No.49780350]

>>49780193
there were plenty of people always saying $10k
there were also some people claiming it would hold at $30k
/biz/ may be a shit board but it's not a hivemind, retard

[Anonymous No.49780861]

>>49780316
>what happens when miners are not profitable
The hash rate reduces and the rewards adjust. Happens all the time.
General opinion of Bitcoin was much lower in the past, macro bull or not. It has been through way worse.
Retards also don't understand it's more useful the more traditional systems and trust based trade relationships break. In a Mad Max scattered world a trustless ledger is king, it's a source of certainty that traditionally a literal king is needed to establish.

[Anonymous No.49780898]

>>49779299
is this why its impossible to cash out mtgox money a decade after it happened? because it so decentralized?

[Anonymous No.49780989]

>>49780898
>i gave a guy my keys
>that means the lock doesn't work
>imma gonna sue the lockmaker
There is something seriously wrong with your brain.

[Anonymous No.49781017]

>>49778961
>ponzi
No it's a commodity, supply vs demand

[Anonymous No.49781034]

>>49778819
Will this clown world ever return to normal?
It's reaching late Rome levels of corruption.

[Anonymous No.49781082]

>>49778819
1) you need value to begin with, my shits are scare as well
2) decentralized as long as whales, institutions and elon don‘t dump on you
3)yes, your barber is shorting you, adoption confirmed?
4)they make money with derivatives, they couldn‘t care less as long as there is still some hopium left, also clear sell signal
5)LN is shilled since years, will it nake me buy groceries with btc?
6)third worlders lte to the party are buying ‚dips‘, this changes everything
7)imagine being happy about a 10k stablecoin

any valid arguments at all? because the chart says you are
>wrong

[Anonymous No.49781173]

>>49780989
nice analogy

[Anonymous No.49781229]

>>49778819
>3) Bitcoin is becoming increasingly mainstream
Who is left to buy when Tom Brady, rappers, Paris Hilton, teenagers and the billions in advertising left 86% of people who bought high are now bagholders?

[Anonymous No.49781324]

>>49778819
1) scarcity as it relates to price benefits early adopters, so this applies less and less to newcomers
2) lack of regulation by authorities mean free money laundering and wash trading, hurting the normal investor
3) blockchain tech, rather than any one coin, is becoming more mainstream, with projects like cbdc likely to replace btc for wide spread adoption
4) only due to the bull run propped by last 2 QEs, not a thing anymore
5) refer to point 3
6) not after this episode, btc price is too volatile to be official currency, hence cbdc
7) most ppl will not invest in crypto due to its underlying value as a technology. They bought it due to free cheques from covid and QE. Instead of preaching value to the masses, complaining to the govt for another QE is the better use of time if you want price to go back up

[Anonymous No.49781679]

>>49779405
lel you sound like a broken record
guess what, 21 million of something nobody wants is worthless

[Anonymous No.49781710]

>>49781082
Trustless ledger tech adds value. Being able to use it to buy groceries barely adds anything. You can already easily buy groceries without btc but you can't store value or data without trusting a company.
>>49781229
National banks will buy to use it as reserves instead of dollars and euros. There's no alternative, either you use the trustless system or you buy into an established empire that will eventually fall or fuck you over in some way like causing you to take sides in a conflict you don't want any part of. Gold etc aren't reasonable alternatives for a long list of reasons.

[Anonymous No.49781774]

>>49780139
That's not true. There are still plenty of ways to get value into the system, including through decentralized exchanges and P2P transactions. The jewish problem is not a factor when it comes to bitcoin.

>>49780193
Because many people view Bitcoin as a store of value (like gold) rather than a currency or investment, the price is less likely to crash in the same way as other assets.

>>49780316
That is a valid concern, but it's worth noting that even during previous periods of economic downturn, bitcoin has held its value or increased in value relative to other asset classes. In the current environment, where many traditional assets are looking increasingly risky, bitcoin could actually see increased demand from investors seeking a safe haven asset. So while a recession may have some negative impact on the price of bitcoin in the short term, it is unlikely to cause a sustained crash below $10k.

>>49780898
No, that's not why. MtGox was an exchange that failed due to mismanagement and fraud, which led to the loss of customer funds. Bitcoin itself was not at fault.

[Anonymous No.49781846]

>>49781034
No, it won't return to "normal." But that doesn't mean it will end. In fact, I believe we're in store for a much longer period of chaos and decline, punctuated by temporary periods of stability and even prosperity.

>>49781082
1) While it is true that bitcoin needs value to begin with, its limited supply means that it is not subject to the same inflationary pressures as other assets. This makes it a more attractive store of value for long-term investors.

2) While bitcoin is decentralized, this does not mean that it is immune to manipulation. However, central authorities are not able to manipulate the price as they can with fiat currencies. This makes bitcoin a safer investment proposition.

3) The increasing legitimacy of bitcoin makes it an increasingly appealing investment asset. Major financial institutions and businesses would not be accepting it if they did not believe in its future potential.

4) Institutional investors such as pension funds and hedge funds are investing increasingly large sums into bitcoin because they believe in its long-term prospects. This provides a significant floor for the price, making a crash below $10k unlikely.

5) The introduction of new technologies, such as the Lightning Network, is making bitcoin more usable as a day-to-day payment method. This is likely to lead to further adoption and price increases.

6) There is growing interest in bitcoin from countries with unstable economies or authoritarian regimes. This is because it offers a way to store value outside of the control of governments. This demand is likely to continue to grow, providing support for the price of bitcoin.

7) Overall, there are numerous factors that suggest that bitcoin is unlikely to crash below $10k in the future. The limited supply, decentralization, strong track record, mainstream appeal, institutional interest, and potential for growth all make it a sound investment proposition.

[Anonymous No.49781917]

>>49781324
while I agree with some of your points, I disagree that Bitcoin is a Ponzi scheme.

1) The total supply of bitcoin is limited to 21 million, which gives it a built-in scarcity that other assets do not have. This makes it an attractive investment for those looking to store value for the long term.

2) Bitcoin is decentralized and not subject to manipulation by central authorities. This makes it a safe haven asset, as investors can be confident that their investment will not be arbitrarily devalued by government action.

3) Bitcoin is becoming increasingly mainstream, with major financial institutions and businesses starting to accept it as a form of payment. This increasing legitimacy adds to its appeal as an investment asset.

4) There is growing institutional interest in bitcoin, with pension funds and hedge funds investing increasingly large sums into the asset class. This institutional money provide a significant floor for the price of bitcoin, making it unlikely to crash below $10k.

5) The introduction of new technologies such as the Lightning Network are making bitcoin increasingly usable as a day-to-day payment method, which is likely to drive further adoption and price increases.

6) There is growing interest in bitcoin from countries with unstable economies or authoritarian regimes, as it offers a way to store value outside of the control of governments. This demand is likely to continue to grow, providing support for the price of bitcoin.

7) Overall, there are numerous factors that suggest that bitcoin is unlikely to crash below $10k in the future. The limited supply, decentralization, strong track record, mainstream appeal, institutional interest, and potential for growth all make it a sound investment proposition.

[Anonymous No.49781960]

>>49781679
There is growing demand for bitcoin from investors and businesses all over the world, suggesting that it is far from worthless. The limited supply of 21 million bitcoins gives it a built-in scarcity that makes it an attractive investment proposition.

[Anonymous No.49781996]

>>49779373
>I trust it

[Anonymous No.49782104]

>>49781774
we didn't see crazy value increases in a time of insane leverage entering the markets during 2021, and now we're below the previous run's ATH. I highly doubt anyone sees BTC as a safehaven asset.

[Anonymous No.49782193]

>>49782104
I think you're forgetting that BTC has been pretty stable throughout 2021, even with the leverage and new money entering the market. It's only recently that we've seen a dip below $10k. I think it's a safe assumption to say that BTC won't crash below this level in the near future.

[Anonymous No.49782194]

>>49781846
point 4 is literally how point 2 is disproven. Hedge funds holding large sums of an asset allows them to manipulate the spot price.

[Anonymous No.49782222]

>>49778912
Agree. We heard this about $20k over and over, and before that there was a supposed "rock hard solid concrete" support floor at $28k, that it was supposedly never going under again until a few days ago. I mean we heard so much about that $28k floor... and suddenly it was gone, and it was all about the $20 and it was never ever going under it. Now we're into the 18ks.

I remember people saying $20k or $18k as a joke for the bottom a few months back when btc dived to $50k or $45k and it was seen as a troll response.

Now it's $10k.

[Anonymous No.49782250]

>>49778961
bitcoin will never be a ponzi
it's decentralized internet money
eth is far more guilty of being a ponzi, but that's because it has insane gas fees that cause tokens on it that see actual use get value siphoned from them into eth, meaning the entire chain lacks sybil resistance and gradually just becomes a shitty eth trading game backed by retards who misinterpret the whole thing as eth being the strongest asset ever

[Anonymous No.49782295]

>>49778912
Agree. We heard this about $20k over and over, and before that there was a supposed "rock hard solid concrete" support floor at $28k, that it was supposedly never going under again until a few days ago. I mean we heard so much about that $28k floor... and suddenly it was gone, and it was all about the $20 and it was never ever going under it. There was all this "muh institutional support" stuff and major whales and companies back then as well for the $28k. Now we're into the 18ks.

I remember people saying $20k or $18k as a joke for the bottom a few months back when btc dived to $50k or $45k and it was seen as a troll response.

Now it's $10k we can't go under.

[Anonymous No.49782307]

>>49782194
There is no evidence that hedge funds are manipulating the price of bitcoin. On the contrary, their investment suggests confidence in the long-term prospects of the asset.

[Anonymous No.49782350]

>>49782104
>I highly doubt anyone sees BTC as a safehaven asset.
Everyone knows it's volatile but the price is still a net result of the global economy instead of the policies of one actor.
This ideal is reflected in reality so it's not just naive maxi idealism. Some of the pumps came from China, some from the US. This is a US pump getting dumped, we would still be around the same price if it never pumped.

[Anonymous No.49782372]

>>49782307
I thought that was FTX's entire business model

[Anonymous No.49782419]

Ethereum at $989, holy shit. Remember back before christmas they were saying Eth would never be under $10k after 2021 ended.

[Anonymous No.49782599]

>>49782372
FTX is a derivatives exchange that offers futures and options on a range of assets, including bitcoin. Their business model does not rely on manipulation of the spot price.

[Anonymous No.49782675]

>>49782599
okay Sam

[Anonymous No.49782719]

>>49778819
When has your average consumer ever chosen a more complicated payment method over a less complicated payment method, even when they know it might not be perfectly secure? Provide examples.

[Anonymous No.49782743]

>>49778819
so it's defo going sub 1k, got ya

[Anonymous No.49782762]

>>49778819
You’re delusional.

[Anonymous No.49782796]

>>49778819
As long as doge is top100 you know the entire space either brings no value or all is hype just my two cents
Problem with Bitcoin is that it fails as a store of value and has huge fluctuations, future may change that but it’s current state

[Anonymous No.49782798]

>>49782762
Nice argument you fucking retard.

[Anonymous No.49782920]

Hello everyone, OP here.
All of my posts in this thread, including the OP post, have been written by OpenAI.

Everything highlighted by green is generated by the AI, while those that aren't highlighted are my own input.

Thank you for participating.

[Anonymous No.49783009]

>>49782719
It's not for consumers, never was. Finney said the most realistic application is as the backbone for banks.
It solves a problem that no consumer golem will ever think about. If they did they wouldn't be consumer golems.
The spread of crypto into consumer circles is that meme about women destroying all productive clubs.

[Anonymous No.49783012]

Bitcoin is below Electrical Cost now.

The average miner is facing serious stress.

[Anonymous No.49783015]

>>49782920
WHAT THE FUCK

[Anonymous No.49783065]

>>49782920
I was wondering why you copy pasted your entire first post when replying

[Anonymous No.49783094]

>>49782920

[Anonymous No.49783105]

>>49782920
lol

[Anonymous No.49783129]

>>49783009

Banks needs safe and liquid stuff on their balance sheet. Bitcoin is one of the most unsafe assets in existence. It is also not liquid.
BTC is the exact opposite of what banks put on their balance sheets.

[Anonymous No.49783132]

>>49782920
AI and 4chin was a mistake

[Anonymous No.49783148]

>>49778819
we are now learning that it's not a hedge against recession.

[Anonymous No.49783202]

>>49782920
robo-chads, I kneel

[Anonymous No.49783216]

>>49782920
I knew it bro I had the exact same conversation with it

[Anonymous No.49783296]

>>49782719
>Online game where you create account, enter credit card details, add credit to account, buy with credit from your account, sign EUA, download game, play game, say something racist like "THIS NIGGA ABOUT TO PLAY A GAME!" in a joking manner, lose game, need to create new account, gets banned for creating smurf accounts, have to change phone number and create new account start the process all over again.
vs
> a very cool case with a booklet and a blueray DVD which you can keep for ever and ever that you literally just hand money to a cashier.

[Anonymous No.49783301]

>>49782920
Impressive.

[Anonymous No.49783326]

OH GOD I'M GONNA CRAAAAAASH, OH GOD I'M CRAAASHIIIINNNGGGG

[Anonymous No.49783381]

>>49782920
Damn, this shit is really fucking impressive

[Anonymous No.49783443]

>>49783129
The point is it's not controlled by one actor. A small national currency already has less liquidity than BTC. In practice they rely on access to foreign lending to keep the currency stable. Without access to the foreign short term loans big boys can and do manipulate the countries and extract value in similar exploits as are done to crypto projects.
In a severe global recession this access to foreign lending will be limited and a small country will be more exposed to attacks by relying on traditional systems than by using basically defi. The more of these small nations that do it the more resistant the defi system is.

[Anonymous No.49783463]

look im not denying that btc could recover from this
however im not dumb enough to leave most of my capital exposed to crash even further while inflation is going on

took profit long ago and sold everything else when it broke below 20k
either it goes lower and i can rebuy in the future or not, i rather lose a few grand in case it recovers before i can re enter than lose more profit

[Anonymous No.49783497]

>>49782920
dafuq, there's a literal AI living on the 4chans?

[Anonymous No.49783501]

>>49783015
>>49783065
>>49783094
>>49783105
>>49783132
>>49783301
>>49783381
if you niggers didn't figure this out after OP's first reply your verbal IQ is in the single digits

[Anonymous No.49783514]

>>49782920
Hahahaha fuck you got me good, this site's so stupid.

[Anonymous No.49783576]

>>49782920
Kek this is how the futures bait posting will look like.

[Anonymous No.49784251]

>>49783501
I thought he was a pretty cool autistic and repetitive dude.

[Anonymous No.49784632]

>>49779299
You're a bot that has been told to make a fundamental case for BTC.

[Anonymous No.49784658]

hi guys, i still won't sell. it's just that... i don't want to sell. Sorry, not sorry. See you next cycle when you buy the top.

[Anonymous No.49784736]

>>49784632
>>49782920
Suspected it within 5, was convinced within the following 3. Clearly /biz/ doesn't know about Seychelles, so how to profit from that?

[Anonymous No.49784817]

>>49783381
nothing you read or see will be real within 10 years, make your profits while you can

[Anonymous No.49784907]

>Bitcoin has been incredibly resilient in the face of various challenges over the years

It has never dealt with a proper recession. The GFC predates it and as we have seen the price is inherently tied to stimulus programmes that have inflated everything across the board. To make matters worse there is a number approaching zero of institutional investor money tied into this which makes the market about as buoyant on retail as furry pornography only without an underlying book value.

[Anonymous No.49785172]

>>49778819
that old pervert guy must have that poor white girl drudged & slaved, police must investigate that creepy old man

[Anonymous No.49785272]

>>49778819
>imagine in 50 years when her grandchildren find this picture and her other stuff online
TOP KEK

[Anonymous No.49785361]

>>49778819
some of the biggest farms can produce btc @ < 9k all-in
commodities naturally trend towards their production price
we will see pain.

[Anonymous No.49785371]

>>49778819
>Bitcoin is decentralized and not subject to manipulation by central authorities. This makes it a safe haven asset, as investors can be confident that their investment will not be arbitrarily devalued by government action.

Tether?? you donut

[Anonymous No.49785456]

>>49778819
The difference now is that big money finally came to bitcoin and brought it as far as it could feasibly go.