/biz/ - Business & Finance

>>57953354
>you seriously think that it would be below 70k in 10 years, despite every cycle proving you wrong?

Oh I see, you take BTC's batshit price action seriously and remain convinced that past performance is absolutely indicative of future results.

>>57837191
>Just swapped my entire bitcoins to Monero.

Why?! Tether is going to pump BTC to $100K and beyond!!! We're still so early!

>>57678117
>Price stagnation hinders adoption.

lol BTC is over $50K yepn8ntt actual use of it keeps diminishing.

>>57519150
>point out where i'm wrong

You're not wrong, Monero is a complete failure, we're all doomed, $100K BTC end of year!!!!!!!!

>>57096452

I wouldn't worry about it, Bitcoin is a vortex of lightning ants pledging allegiance to the elders of wisdom, forged from the sheer essence of energy, energetically speeding to the moon in a vortex of thermodynamically sound money.

>>55736745
>Rent free

Yes. Bitcoin's price action is still fake and gay, however.

>>55444725
>it's impossible for anyone to infinitely defer spending.

If you're talking about spending fiat within the mainstream economy, sure. If you're talking about spending crypto, then no. Its actually very easy to not spend something that isn't legal tender in the first place, especially if you're utterly convinced that what you hold today will be worth millions in future.

TL;DR: moonfags don't spend their stash because they treat it like a lottery ticket rather than currency.

>>54867809

>No tail emission = Bitcoin is fucked

Right now, at the current hashrate, miners break even on energy expenses at a BTC price of $22K. Post 2024 halving, that break even point, at the current hashrate, goes up to $44K. If BTC does not go to $44K, miners will be unprofitable and hashrate will have to drop (miners going out of business) to reduce the cost of securing the network, also reducing the security.

If you know anything about the power of 2, you already know that things get very big, very fast. If we’re 3 halvings into 32 total halvings, then the estimated break even point for miners at current hashrate going into the last halving would be:

$22,000 * (2^27) = $2,952,790,016,000 per BTC

$2,952,790,016,000 per BTC * 21 Million total BTC = $62,008,590,336,000,000,000 BTC Market Cap

The block rewards shrink so fast that after enough halvings BTC would eventually require a $2.95 trillion price per BTC and a $62 quintillion market cap to sustain the current cost of $7.15 billion/year.

Even if these numbers were somehow realistic, can you imagine securing a $62 quintillion market cap on only $7.15 billion/year of hashrate? LOL

So basically BTC mining will eventually become so unprofitable the hashrate (network security) will shrivel up UNLESS it is subsidized by BTC transaction fees.

https://cryptostackers.substack.com/p/bitcoin-is-not-a-store-of-value

Post moar clownworld market charts, dammit!

>>54196219
>CLOWNWORLD PRICE ACTION IS A MORE MEANINGFUL METRIC THAN REAL-WORLD ADOPTION TRENDS

This is what maxipads actually believe lmao

>>51474601
>bitcorn will take shits

There is only up.