/biz/ - Business & Finance

Will it drop below $4k soon?

Will $80k into BTC right now be enough to make me a millionaire by 2022?

Even if there is another bull run you don’t know which coins will make it. So what the fuck is the point of even buying crypto when there could be a bull run without any particular coin

Why the fuck aren’t you accumulating BTC?

Why the fuck WOULDN'T one or multiple entities essentially corner the BTC market, all but ensuring it pumps to fucking unprecedented moon levels?

There are currently about 17 million circulating BTC. In reality many of these will never be sold because they are lost, and others probably wouldn't be sold except for absurdly high prices. This means there are lots of institutions which could unironically buy up all the fucking BTC being sold and almost guarantee their investment is massively profitable.

I get it, it would be complicated to set all this up, and it would take awhile to do because of the slippage, and the case I've outlined is extreme. But the general idea makes perfect sense and I don't see people talking about it much.

I'm sure there's still some legal risk depending on how they'd do it, but bitcoin is largely unregulated so I really don't see why there would be fundamental problems with this idea on that front.

And here's the real beauty of the idea. Unlike most other assets, bitcoin actually appears to be a Veblen good. Demand actually goes up as price goes up. With nearly any other asset, this strategy would have so much risk because there wouldn't be enough buyers at higher prices. But with BTC, it seems almost inevitable that another massive pump would spark enough mania to bring huge buy side liquidity.

There are lots of institutions with hundreds of billions or even trillions of dollars. Tell me why the fuck some of them wouldn't consider trying something like this, even if on a lesser scale? That's all it would take, and it really would only require one or two to get the ball rolling.

Where the money to buy?

Could blockchain be used to help people get into their car if they accidentally lock their keys?

I havent bought yet fuck I wanted to wait for another drop to buy .

Buy now on coinbase to lock in current price but have to pay 2-3% fee

or

Transfer money to coinbase pro and won’t have to pay any fees but have to wait 1 week so price is unknown