It’s over

[Anonymous No.57344616]

There is a halving countdown timer on coinmarketcap, the most mainstream crypto aggregator. Click on it and it shows an article explaining how bullish the halving is because it was bullish the last 3 halvings.

And a fear and greed index as the cherry on top.

https://coinmarketcap.com/events/bitcoin-halving/
>The reduction of mining rewards means that the demand for Bitcoin is expected to increase, and its value is likely to surge in response.
>But some also warned that a smaller mining reward could depress mining profits and harm the network. We all know what happened next… Bitcoin had an incredible bull run in 2017

It’s so fucking over isn’t it

[Anonymous No.57344659]

>>57344616
why does that mean its over?

[Anonymous No.57344672]

>>57344659
It means this is the beginning of a new "it's over" cycle.

[Anonymous No.57344688]

>>57344616
OOOOOOOO! we are so early!

[Anonymous No.57344728]

>>57344616
>The reduction of mining rewards means that the demand for Bitcoin is expected to increase, and its value is likely to surge in response.
This is just false. The halving is bullish because it reduces supply entering the market which drives prices up if demand stays the same. Demand is not affected directly by the halving.
>But some also warned that a smaller mining reward could depress mining profits and harm the network. We all know what happened next… Bitcoin had an incredible bull run in 2017
This is also retarded. The halving is bearish for miners at first since their rewards get slashed by half all of a sudden. This slashes their earnings by two-fold which is bearish because miners have to dump theire reserved BTC on the market to stay on. it is only months after the halving that the reduced supply starts to pump prices higher.

[Anonymous No.57344734]

>>57344616
The countdown has been there for months retard

[Anonymous No.57344854]

>>57344659
Bc it’s priced in
>>57344734
Do I look like I update my apps?

[Anonymous No.57344873]

>>57344728
The point is they’re saying halving = bullish that’s bearish af

[Anonymous No.57345149]

>>57344873
everyones been saying this every cycle for years. what is your point? boy why are yall called zoomers when you cant even zoom out

[Anonymous No.57345189]

>>57345149
I’ve been investing since 2013 faggot the halving has never been mainstream like this

[Anonymous No.57345766]

>>57344728
It makes sense for the halving to be bullish as miners need the price to increase (double) to get out the same reward as before

[Anonymous No.57345877]

everything is priced in

[Anonymous No.57346714]

>>57345766
But why would that mean it’d double

[Anonymous No.57347008]

>>57345766
Who’s gonna make it double

[Anonymous No.57347053]

It's FAR from over
900 BTC are mined per day now. After the halving there will be 450 BTC mined per day.

The new ETF's that came out allow every single Retirement fund to invest in Bitcoin.

It's SUCH a big deal that when Vanguard group, ($7.7 trillion in global assets under management) said they would not allow people to buy the Bitcoin ETF, their clients began switching their IRAs over to other companies at an astounding rate. So much that Vanguard backtracked 2 days later and said they have rethought their position and will now allow their clients to buy the BTC ETFs.


At this point ZERO pension funds, ZERO government 401ks and ZERO nation states have invested in the ETF's.

The ETF's in one week are sitting at the number 5 position out of ALL ETFs in the world. 10000+ Etfs. That a BIG ass WOW.

The Miners sold their reserves this week at a rate never seen and their hashpower is at the highest level ever. Think out plotting ever single star in our galaxy. Think how much computing power that takes. The current hash rate ist a BILLION times that - every second


You'd be insane not to hold Bitcoin right now. This is much bigger than investing in Apple or the SPY or QQQ.

[Anonymous No.57347074]

>>57344728
> hurr a drop in supply doesnt matter because LE DEMAND stays the same
demand is measured relatively to supply, retard

[Anonymous No.57347115]

>>57344659
>le funny reddit joke where they say that people talking about crypto/knowing about crypto is a top signal

[Anonymous No.57347944]

>>57344616
90% of "people" think this time is different and it's always the same

[Anonymous No.57347971]

this kind of shit happened last time too
>>57347944
this

[Anonymous No.57348013]

>>57347053
baggie cope

[Anonymous No.57348182]

>>57347053
Etfs? The Bitcoin for them was already purchased

[Anonymous No.57348793]

>>57348013
Yeap baggie since $450
I cry everyday.. not

[Anonymous No.57348806]

>>57348182
>Etfs? The Bitcoin for them was already purchased
Nope it wasn't
All the ETFS together held 111.66 BTC on day one before the sale.
More disinfo just like,, it's paper bitcoin dude.

[Anonymous No.57348807]

>>57344854
it was priced in last time

[Anonymous No.57348823]

>>57348806
>posting the volume when talking about total value
why you save such shit images from shit threads anon

[Anonymous No.57348844]

>>57348823
>>posting the volume when talking about total value
>why you save such shit images from shit threads anon
Why are you such a retard ?
Look where it says
A S S E T S

That would be how much BTC the ETFs owned on the first day before selling thier new ETFs
Thus...

>>57348182
>The Bitcoin for them was already purchased
is an idiot... JUST LIKE YOU

[Anonymous No.57348850]

>>57348806
Why would black rock and the like, announce they’re going to buy btc and frontrun themselves? And why would they let btc moon and the masses holding ETFs get rich?

[Anonymous No.57348859]

>>57348844
Answer this then >>57348850

[Anonymous No.57348872]

>>57348850
>Why would black rock and the like, announce they’re going to buy btc and frontrun themselves?
That's how a spot ETF works. You don't buy the underlying asset until you get an order for it.
If you bought the assets heavily beforehand and couldn't sell it, you'd have some big problems with the SEC and your shareholders.

>And why would they let btc moon and the masses holding ETFs get rich?
Oh right.. Etfs aren't supposed to make money. That's how they work.. got it... derp

[Anonymous No.57348878]

>>57348859
impatient little fuck arent you ?
Spaz

[Anonymous No.57348907]

>>57348850
Blackrock held 10.44 Bitcoin on 1-11 as per their wallet

[Anonymous No.57349081]

>>57348872
Btc is far more profitable than stocks than don’t beat inflation. If btc bull this is the 1st time boomers are profitable, some will double or triple their net worth. Why would they allow that?

[Anonymous No.57349099]

>>57349081
IBIT and Blackrock don't own the world. ETFs were coming with or without them.
Why wouldn't they want a piece of the pie ?

[Anonymous No.57349280]

>>57349099
The 1% own the world and the etf issuers are the 1%. How do they benefit from this? Are fees really that profitable?

[Anonymous No.57349352]

>>57349280
$871,320 puts you in the 1%
Are 1.5% of all held assets profitable ?
You jest, no ?

[Anonymous No.57349362]

>>57348793
Damn bro that’s based. What’s it like being a wholecoiner BTC chad?
I am 25 and only discovered crypto in 2018 but BTC was already 10k+ out of reach of poorfags like me.

[Anonymous No.57349410]

>>57349362
Here's some advice.

Two scenerios

Start a company. BUY all your crypto with your company.
Pay yourself from the company. Now you have enough "income" to buy a house.
Write off all your business expenses, including your salary, car etc.

or don't start a company. Take out $200k a year and put it in the bank. Try and get a loan.
You won't get one. Banks don't consider crypto returns as income.

[Anonymous No.57349628]

>>57349352
oh it's the low iq monkey who only exist within the stats he can google
imagine if he were referencing something a human could understand? bot

[Anonymous No.57349663]

>>57349628
Thanks for learning us Cletus

[Anonymous No.57349672]

>>57349663
what's the usecase for bitcoin?

[Anonymous No.57349697]

>>57349672
Cross border transactions.
Takes 6 months and a government appointed lawyer to transfer money out of some South American countries. They take 2% and you have to give them full power of attorney to get your funds.
You will receive them in six months.

With Bitcoin it's in my phone...

That's one use case.

[Anonymous No.57349705]

>>57349672
Here's a question for you.
Ever thought about NOT being a little contrarian faggot ? Go ask mom if it's ok.

[Anonymous No.57349721]

>>57349697
>>57349705
how fast does a btc transaction settle and what are the fees

[Anonymous No.57349798]

>>57349721
Dude go make a thread.
I've paid $125 for a BTC transaction in 2019 and $0.35 in 2022. It varies.
Settlement depends on who you send it to.
Is it a lightning transaction ? Instantly.
If it's a BTC transaction confirmation is in 10 minutes.
Settlement is a different story. It depends on the trust level of who you are sending it to. If it's my friend 1 confirmation is more than enough.
If it's a unknown person I would give it 6 confirmations, so an hour.
If it's Coinbase to Coinbase it's instant.

[Anonymous No.57349803]

>>57349672
>what's the usecase for bitcoin?
It's currency by whites, for whites. Next question.

[Anonymous No.57349807]

>>57349798
>It depends on the trust level of who you are sending it to. If it's my friend 1 confirmation is more than enough.
What? Do you understand how blockchains work?

[Anonymous No.57349822]

>>57349672
>>57349721
While you sit around with your hand up your ass asking retard questions from 2011, I just tripled my investment from buying the dip and BTC going back to 44k

Get with the program

[Anonymous No.57349832]

>>57349807
Tell me where I am wrong ?
If I trust the person one confirmation is enough.
I'm not going to send BTC to an unknown person and settle with one confirmation.
and yes I understand how blockchain works.
I think You don't..

[Anonymous No.57349842]

>>57349832
>If I trust the person one confirmation is enough.
Are they mining the fucking blocks you fucking faggot? jfc the absolute state of this board

[Anonymous No.57349855]

>>57349842
Dude. Are you on drugs ?
Confirmation and settlement are two different things.
If I am standing right next to my friend and I see that he is not sending a double-spend why would I need more than one confirmation ? The whole network just confirmed it. Any block explorer confirms it for me.

[Anonymous No.57349882]

>>57349855
>Dude. Are you on drugs ?
no I'm just in a caloric deficit and I'm sleep deprived, and I just got back from sprinting at a 35 degree incline on a treadmill for an hour and a half

[Anonymous No.57349908]

>>57349798
>>57349803
>>57349822
why wouldn't I use xrp that has faster settlement time and lower fees

[Anonymous No.57349929]

>>57349908
You can use whatever you like.
I don't HOLD XRP because of ethics.

100 Billion tokens stored on a POS database controlled by one company.
50 Billion being held by devs because they are "good people."

In 2012, Ripple founders Chris Larsen, Jed McCaleb, and Arthur Britto signed an agreement allocating 80% of the total XRP supply to the company while the remaining 20% was split between the three founders.

A few months later XRP Ledger was launched and 100 billion XRP was created and divided between the founders and the company.

https://cryptobriefing.com/is-xrp-decentralized-ripples-involvement-cryptocurrency/?fbclid=IwAR0hhudmKKKpQetBh9Bnxz3on4ANXuCzWRrvclLg8aQaE2cSKHPoiVDVRFE

Ripple has no mining or miners whatsoever. Instead, transactions are powered through a ‘centralised’ blockchain to make it more reliable and faster. XRP was mined all at once by the parent company – Ripple Labs Inc – with a majority of the cryptocurrency held by them. Ripple’s token is a digital fiat issued by a single company.

[Anonymous No.57349981]

>>57349929
so
you said the usecase for bitcoin was cross boarder remittance
why is an investment company going to care when xrp does that but faster and quicker and with less fees
your ethics are being bought out by blackrock anyways, you think the etf is going to pump your bad by having blackrock by up a ton of bitcoin to store in their vaults and issue paper versions of

ripple can at least have their supply burned by the other node operators since it's decentralized and ripple runs less than 1% of the nodes where all the power of the network really is

seems like you don't know much about what you're talking about thus far though

[Anonymous No.57350063]

>>57349981
>so
>you said the usecase for bitcoin was cross boarder remittance
No I said it is " A " use case.

>>57349697
>That's one use case.
see ?

>why is an investment company going to care when xrp does that but faster and quicker and with less fees
Well then the obvious question is why didn't everyone make a XRP ETF ? You know why not ? Because all the XRP was created in an instant. There isn't Billions of dollars supporting the network through proof of work. You have to "TRUST" the network.
That's the magic of Proof of Work.

>node operators since it's decentralized and ripple runs less than 1% of the nodes
Oh boy.. Dude 100% of XRP was Mined on day one. The "mining" is re-mining. It's a game.
Unlike Bitcoin and other cryptocurrencies that rely on mining, XRP has a different mechanism for distributing and validating transactions. Instead of using proof-of-work (PoW) mining, XRP employs a consensus algorithm known as the XRP Ledger Protocol Consensus Algorithm.
This consensus algorithm relies on a unique validation process involving a group of trusted validators within the network.

See that word "trusted" ? That defeats the entire idea of "Trustless peer-to peer cash"
XRP is a Jew run scam. Here's your CEO David Swartz

>seems like you don't know much about what you're talking about thus far though
back at ya...

[Anonymous No.57350097]

>>57350063
>Well then the obvious question is why didn't everyone make a XRP ETF ?
why would I want blackrock to buy up all my coin and hoard it then issue paper versions of it

[Anonymous No.57350148]

>>57350097
because you are simply a moron.
Blackrock isn't taking people's money and given them paper BTC.
They have to settle the account in T+1 day. The money BTC has to be held at Coinbase in an enumerated account. They have to file every quarter and the BTC can be tracked, because it's on a ledger. You are spouting nonsense.. paper BTC... please.

On top of that you don't have to give you money to Blackrock at all.
The only reason to hold the BTC ETF's is to be able to hold Bitcoin in a tax free account like a Roth IRA. You never lose money being and selling.

On top of that you can invest your ETF money in a Christian Company like ARK
https://ark-funds.com/funds/arkb/

So tell us guru.. Why no XRP ETF ? Hmmm ???

[Anonymous No.57350190]

>>57350148
lmao enjoy blackrock hoarding your coin, them pumping your bags surely doesn't defeat the ethical purpose of bitcoin
just join the institutions, why replace them

[Anonymous No.57350229]

>>57350190
Why would I enjoy or not enjoy Blackrock doing anything ?
I have zero money invested with Blackrock. If they lock up Billions of Bitcoin for years in their ETF, all the better for me.

You feel good about XRP while hedge funds, retirement accounts, pension funds, government and private 401ks, sovereign funds and third world governments buy into the ETFS and send BTC to numbers people never would have imagined.

>just join the institutions, why replace them
Like you did with 100% jewish Ripple/XRP that created all their coins in ONE DAY and kept 50% of them for "Mining" all while giving the DEVS 30% of them for free.

[Anonymous No.57350243]

>>57350229
>If they lock up Billions of Bitcoin for years in their ETF,
Billions of DOLLARS
I see the pedantic coming...

[Anonymous No.57350245]

>>57350229
at least there's a democratic way to get rid of them
you're fucked with blackrock buying all your supply then hard forking you out

[Anonymous No.57350265]

>>57347053
>So much that Vanguard backtracked 2 days later and said they have rethought their position and will now allow their clients to buy the BTC ETFs.
I can't find anything on this.

[Anonymous No.57350275]

>>57350245
Dude,, the devs hold 50% of the XRP.
In what fucking world is it democratic to have to trust a fucking jew ?

If Blackrock buys "ALL deh Supplies N Shieet" Bitcoin goes to over 10 million and None of my grandchildren will work a day in thier life.

but go trust the jew buddy

[Anonymous No.57350304]

>>57350265
>>So much that Vanguard backtracked 2 days later and said they have rethought their position and will now allow their clients to buy the BTC ETFs.
>I can't find anything on this.
1) https://finance.yahoo.com/news/vanguard-blocks-spot-bitcoin-etf-083220594.html
2) Vanguard app now showing the ability to trade new bitcoin etfs and miners.

[Anonymous No.57352163]

>Implying normies can read.
Celcius had a clause saying they could keep any funds you deposited and normies still put their entire life savings in it. We are safe

[Anonymous No.57352411]

I want to get into crypto and bitcoin but I have no idea how you guys understand any of this shit. I read a thread on biz and I have no idea what the fuck any of you are talking about. Might as well be talking in an alien language.

[Anonymous No.57352570]

>>57352411
Try this bro. Im the same and going to read it. Shouod help with the terminology and different tyoes of coins
https://library.lol/main/D2087C3393676A66D951FCB7D1F8E0AD

[Anonymous No.57352582]

>>57352411
>>57352570
Well, cloudflare wont let me have that one so try searching the book on libgen, bro. That link might not work

[Anonymous No.57352606]

>>57352582
>>57352411
>>57352570
Apologies none of those libgen links work. Cloudflare found them. However this one is much better. 6 books in one.
https://archive.org/details/kiana-danial-tiana-laurence-peter-kent-tyler-bain-michael-g.-solomon-cryptocurre

[Anonymous No.57352685]

>>57347053
lol cope posts like this are the most glaring top signal

[Anonymous No.57352712]

>>57344659
because instead of crypto being this "mysterious" way of getting rich, they're just telling you money in money out that easy. well it won't be

[Anonymous No.57352714]

>>57345149
>boy why are yall called zoomers when you cant even zoom out
kek'd

[Anonymous No.57352761]

>>57348850
>They're not gonna let anyone get rich and they're not gonna follow the rules
Cringe

[Anonymous No.57352799]

>>57347053
>typing in caps
lol, lmao even