[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 32 KB, 2000x2000, IMG_4765.png [View same] [iqdb] [saucenao] [google]
58617317 No.58617317 [Reply] [Original]

It's going to happen in a couple of years

>> No.58617322

>>58617317
correct, two more years

>> No.58617350

>>58617317

> couple of years

who wouldn't know this

>> No.58617352

>>58617317
I heard this 2 years ago, I heard it 2 years before that and 2 years before that. This latest bullrun is looking like it's over at this point. There is no catalyst anymore like the Crypto ETF's. I sold most of my position and am waiting for another dip. It always goes in cycles. In the meantime I can 2x my money quicker doing other things with it

>> No.58617355

October 2025 actually
but this bullmarket is over

>> No.58617376

>>58617317
I need this to happen

>> No.58617537

>>58617317
anon eventually everyone realizes they are short bitcoin there's no way to predict when the breaking point of that will be but in an adoption S curve we can see total global adoption in a couple of years as it accelerates exponentially.

By the time we're approaching 1M we could be already moving so fast that you get 10k candles daily and 10M can happen months after 1M

There's simply not enough corn to go around as everyone realizes it's the only asset class that is not a scam. when people realize it's just money. real money.

>> No.58617546

>>58617537
you need to stop listening to permabull youtubers with heavy bags

>> No.58617560

>>58617322
>>58617352

This bullmarket is over. Look for something real profitable now!

>> No.58617572

>>58617546
I don't listen to youtubers and podcasters I have tried to find something better than the corn. There isn't.

I have some real estate and I trade SPY futures for income and I dump as much as I can into the corn.

That said I am ideologically committed to this investment so you couldn't call it a pure financial investment. It's also a political and moral investment on my part however I do think it's still the best asset. I will buy something else though if it's better as soon as I find it and diversify a bit more.

currently about 75% BTC, 20% Real estate, 10% boomer stocks

>> No.58617578

>>58617352
>>58617355
>>58617560

Bullmarket is not over.

screenshot this.

>> No.58617579

>>58617572
>the corn
stop you fucking cringe

>> No.58617583

>>58617317
You’re a dumb fuck.

>> No.58617586

>>58617537
This is nice because if Bitcoin is truly the best investment it means that people will stop investing in housing and the price of housing will plummet

>> No.58617603

>>58617579
>cringe
you have to be 18 to post here

>> No.58617628

>>58617603
It is extremely cringe to call it corn. I’ll bet you are a redditor. It’s like the people that call buttholes corn hole. You sound cringe.

>> No.58617629

>>58617586
right, it will have the demonetization of other semi-hard assets effect. When a hard asset enters that is superior and more liquid it will plummet the price of crap people where using to park their money.

They will try to make BTC inferior by taxing the crap out of it or over regulating the market. Who knows what they will try. The harder they try to fight it though it just keeps proving the point that it is a superior asset. They here means simply the aggregate actions of the most powerful economic actors that currently benefit from fiat system. As always however they can only apply pressure for so long and so hard. It's not feasible long term and it becomes more advantageous for them to break and go all in BTC as well.

It's a bit of a dilemma if you're an elite because you can either collude with other elites and try to suppress it as a group but as an individual the rational thing to do is to hedge. obviously... and the sooner you do it the more advantage you have. Smart elites have already done this.

>> No.58617665

>>58617629
> It's a bit of a dilemma
It's literally the prisoner's dilemma, and it feels like Bitcoin has us by the balls.
This is what I mean when I say I hold Bitcoin to hedge against Bitcoin.

>> No.58617733
File: 90 KB, 1514x933, 1716728996173484.png [View same] [iqdb] [saucenao] [google]
58617733

>>58617322
In the next 4 - 6 years*

>> No.58617738

>>58617546
literally anyone who has been in btc more then like 3 months is in profit heavily lol, no heavy bags.

>>58617537
this is correct
everyone is just mindbroken from 2021
We already are just having countries pop up saying "Oh yeah we've been mining for 4 years" like in bhutan, brics is looking for international transfers (only hesitancy for them using btc is capital flight)
A ton of south american countries seeing el salvador as an example.
A ton of zombie companies like SMLR whose stock has already doubled after taking on btc as a treasury asset (there are a ton of companies in a similar situation)
trump presidency w/ pro bitcoin people close to him
FASB
government passing crypto normalization stuff
SAB 121 would have been repealed if not for biden
Guy primarily involved in convincing nation states to adopt btc (samson mow) is convinced we are hitting 1m by eoy 2025
Wisconsin pension fund adopted a btc position within a couple months of the etfs coming out... that was insane news. Already insane adoption of ETF (and it's just slowly building up)
new highs in gold/huge impact of inflation undermining faith in the dollar


As it goes higher, the demand for it goes up not down, more people see it as significant as soon as we get any major companies/states making use of it it will be a race for everyone else to get into it.

>> No.58617753

>>58617738
>literally anyone who has been in btc more then like 3 months is in profit heavily lol, no heavy bags.
I wouldn't put it past them to have been buying the top aggressively

>> No.58617776

>>58617753
I have been personally but the point is even if you are your cost basis will still be way lower unless you literally only bought the 21 peaks and in the past 3 months.
If you put half in at 70 and half in at 25 you are still in substantial profit... Even if you just bought the dip at 58 you are still doing good.

Only people with any losses are degen traders and people who use leverage.

>> No.58617780

>>58617317
wen moon

>> No.58617787
File: 53 KB, 1024x653, 178358223423.jpg [View same] [iqdb] [saucenao] [google]
58617787

>>58617317
This stupid shit can't even stay at 70k, much less 100k but you expect a million?

Mumu you need to stop taking drugs.

>> No.58617788

>>58617733
no shot it happens in this cycle or the next

>> No.58617796

>>58617776
yes but my point was more just that they don't really believe in the coins and just want you to pump their bags

>> No.58617830
File: 91 KB, 1488x610, file.png [View same] [iqdb] [saucenao] [google]
58617830

>>58617787
we are outperforming the last 2 cycles at this point in time based on returns from cycle low
Based on returns from halving we are outperforming all of them except epoch 2 (who we are basically in line with)

>>58617796
the permabulls are long term schizo maxis like samson mow and adam back. I'm gonna go out on a limb and say they are true believers (I also guarantee they are insanely in profit)

>> No.58617966

>>58617733
2032/2033 sounds about right. We could hit it faster depending on China's adoption.

>> No.58618009
File: 530 KB, 1161x1411, 1714826378483.png [View same] [iqdb] [saucenao] [google]
58618009

>>58617317
2029

>> No.58618471

>>58617317
2025 and everything you buy, from your honkler to your btc will unironically pump

>> No.58618514

>>58617317
1 egg will be $20,000

>> No.58619131
File: 290 KB, 1200x1200, 1619297418976.jpg [View same] [iqdb] [saucenao] [google]
58619131

>>58617317
Most probably, that would make CONAN be $5 or something which will be my salvation

>> No.58619181

>>58617317
Bitcoin is going to 1 billion!!!!

>> No.58619254

>>58617537
It's better than money, it's a fixed unit of account, for all intents and purposes BTC is the abstract concept of value made real.

>> No.58619259

>>58619254
btc is just a ticker
it works because idiots are buying it

>> No.58619262

>>58617317
Yep. At some point 1 sat = 1 usd. It is inevitable.

>> No.58619268

>>58619262
1 sat = $0.01 usd means 1 btc = $1M usd
$100M bitcoin is beyond my lifetime.
t. 40 y/o boomer

>> No.58619270

>>58619259
It's good that there are people who still don't get it. More for the rest of us

>> No.58619275

>>58619268
Timeline schlimeline. 100 million usd btc will happen. Get 0.01 btc for each young kid in your extended family and get a wallet for each.

>> No.58619280

>>58619275
>100 million usd btc will happen
For sure, I'll just be dead before that happens -- but like I said, I'm old.

>> No.58619289

>>58619280
Ture, that target is more for the current crop of kids and it might not happen if they 'revalue' the usd back a factor 1000 so people don't pay a 1000 usd for a loaf of bread.

>> No.58619351
File: 111 KB, 1650x740, 2moreweeks.jpg [View same] [iqdb] [saucenao] [google]
58619351

>>58617317
I think 1 million by the year 2035 is entirely possible. Maybe it gets pushed back a bit if a recession occurs, 2040-2045, but I think it will happen eventually. Obviously with a lot of volatility along the way. It won't be easy getting there.

>> No.58619437

>>58617572
Based
>>58617579
Nigger faggot

>> No.58619453

>>58617628
You sound like you dont own bitcoin and have brown skin

>> No.58620027

>>58619259
The ticker is bitcoin on the ethereum network

>> No.58621264
File: 1.52 MB, 5000x5000, 1710700184111238.png [View same] [iqdb] [saucenao] [google]
58621264

>>58619259
False. BTC is a simple computer network game where people compete to compute a hash, with the reward, a unit of the game, being transferable within the game. Nothing more nothing less.

The novelty lies in the autonomous, trustless, decentralized nature of the game and it's rules which renders the game-unit a fixed unit of account, the world's first.

Fixed unit of account is desirable because the only way to transfer value temporally is to hold assets that will have demand in the future. Increasing supply is equivalent to decreasing demand so being constrained in supply is necessary. To transfer value into the future I therefore want two things: constrained supply (preferentially fixed) & network of use as a constrained supply asset. I want these things because I know that the future will also want these things, I want the largest fixed unit of account, I want BTC. BTC = Value, simple as.