/biz/ - Business & Finance

>>10693075
price is just a function for supply and demand

btc will keep going up, the 1 btc unit can be divided so no problem

>>10683122

>hold 21 BTC
>wait 5 years
>become a master

what part of this you don't get?

Anyone not holding at least 1 BTC deserves staying poor.

Replace "crypto" with bitcoin and you low IQ mongs will make it too.

>buy bitcoin
>hold
It sounds easy, but it's not.

Longer term, it won’t work with Bitcoin the way it did with precious metals. They can write all the phantom derivatives they want, but what ultimately drives the price is supply and demand. The supply of Bitcoin shrinks every day. Let me explain:

If 1,800 new coins are mined each day, let’s say 1000 are sent to market. 100,000 coins are traded on exchanges every day. If ten percent of those are sent to cold storage, it means there are 9,000 fewer Bitcoins on the market every day. All we have to do is keep the demand steady (keep buying and hodling—NEVER SELL) and the price will rise no matter what they do.

Remember, it is ultimately a level playing field because to effect drops in the price, one must sell coins on an exchange. Eventually these guys will run out of coins to sell or, if they are shorting (which they are at this point), will need to cover their shorts by buying back.

They’ve already lost if enough of us around the world keep buying and sending the coins off the exchanges.

>>10633142
If every millionaire on earth wanted 1 NOW there wouldn't be enough.

Do The Math.

>What can you use bitcoin for more usefully than real money?

You got it backwards, bitcoin is the real money.

>>10619124
>derp

2032: 100 MM

IQ 160 here. I have a hard time finding serious discussion about Bitcoin on it's game theory and why it's going to $1,000,000+ long term on /biz/.

Is anyone here aware on Jonh Nash's Ideal Money, Schelling points and game theory? Are all of you just shitcoin shills and the occasional boomer talking about real state, stocks and bonds? Or is anyone actually intelligent visiting this board?

I feel alone at the top.

>>10564059
World Reserve Currency as described by Jonh Nash's Ideal Money.

https://www.youtube.com/watch?v=uW0xGkxA5zk

I meant to post this remix

>he thinks US valuation matters

In about 4 years, right on time for BTC to hit $1,000,000 so we can pick some nice villas with a single coin at a discount. Revenge on boomers and normies will be brutal.

I will teach you how to become a millionaire.

1. Dollar cost average invest in bitcoin for the next three years. Pic related.

Crypto has at leaat one more strong run before diminishing returns starts to peter out.

>>10532467
>BOOMERhedge give the comment sections peanut gallery EXACTLY what they are looking for

>And that's a good thing!

>>10526787
I give it 10 years top and we get to take revenge on boomers and normies.

Daily reminder that if you hold anything except Bitcoin you won't make it.

Ayy

>governments and what they say are relevant to Bitcoin's unavoidable success

>he unironically valued land over Bitcoin

Economists and pundits pontificate about what gives cryptocurrency value. Even Bill Gates chimed in saying he would short Bitcoin if he could. But he can.

Money has value because of wide-scale public confidence that others will also accept it in exchange.

But underlying or backing money has always been the productivity of society. In the agricultural age, land was precious because a significant portion of our economic activity was involved with the production of food.

Even Julius Caesar and Andrew Jackson restored economic order by backing the debt with land. But the Industrial Age and now especially the Knowledge Age is rendering food production a shrinking share of the economic activity, and thus money is no longer backed by land. Thus borders, empires, and nation-states are becoming irrelevant!

Even a peasant worker in China realizes this stating, “We live in an economic age, a family cannot rely on a bit of land.” https://youtu.be/t487ILVf87k?t=331

You will kill yourself in 5 years when you are left holding worthless fiat and 1 BTC holders are local moguls.