/biz/ - Business & Finance

Gold is ~10TN with the price suppression on futures exchanges so in reality probably ~40TN
BTC is what 0.2TN?
It'll be 50/50 gold btc for SoV
If they naked short btc it'll maybe stay at 100K long term

>>14457715
BTC will never be above $60k or even $20k for that matter. I have a officially confirmed 145 IQ and it is obvious BTC will go down from here.

If you told me in the past it would be worth 100 billion marketcap i wouldn't have believed it either.

>>14457715
yeah youll see a ton of euro cash flow into bitcoin soon

>>14457715
BTC is going to more than 180k by next year.

The inflation level of btc will be bellow fiat currencies and i mean nearly all fiat currencies.

After all the bubble cycle will never happen again , maybe one last small bubble but after that never again.

Assuming a weak halving we grow 115x the bottom like the previous one

3200x115 = 368k

The thing is that as numbers become bigger kyc shit makes it harder to grow more.

But btc will indeed surpass 60k in fact the next halving having an inflationary momentum as well as the typical supply reduction will make btc pass 60k easily.

>>14457833
Not just euro , every currency , go to localbitcoins and look at demand per country , then check the inflation level in every country of the list.
Every country with a bigger inflation than btc inflation rate is giving energy to btc.

BTC is basically feeding from shit fiat currencies.

This bullrun should not be happening , never ever before a halving btc grew so fast , the maximum was 3x in the 365 days previous to the halving.

We already did 4x from the bottom and the halving is 326 days away.

We are in the middle of a revolution in this board even if we meme ourself with pink wojacks and shit like that.

The next year will change the world once btc inflation goes bellow the usd and euro and if a socialist lunatics win in the usa anyone with 1 BTC will become a millionaire.

>>14457715
It can happen easily though smart contract derivatives amd gambling. Through adoption for day to day transactions as actual currency is less likely.

>>14458000
These log charts are thrown around a lot in the bitcoin community, the problem is that it doesn't take into consideration the fact that bitcoin is the hardest money ever invented, and is VERY scarce. It doesn't factor in the mad dash that will be made to BTC as the financial system begins to collapse, the chart was valid when BTC was a small meme used by drug dealers, cypher nerds, and other assorted dark net degenerates. The chart is VERY bearish in that it predicts BTC going to merely 100k by 2021-2023, in reality there will be TRILLIONS of dollars flooding in and NOBODY will want to sell any BTC, this is the mad dash. BTC will EASILY reach 1 million by 2020 as John McAfee(180 IQ) predicts. There are 21 million BTC theoretically possible, 1 million held by satoshi, and lets assume 3 million lost forever and 3 million left to mine, so now there are only 14 million BTC floating around, let's assume 50% of the BTC community are "HOLDers"(this percentage will increase massively as price accelerates) so now the supply is only 7 million BTC. Let's say $10 trillion floods into the BTC market with only 7 million sellable BTC, they will be going for 1.4 million each and 10 trillion is VERY small assumption a small number(only the market cap of gold) in reality it could potentially be 100's of trillions

The dashed red line is the REAL adoption curve had people been aware of what bitcoin really is back in 2009, green is my estimated projection, by going to 1 million we are simply returning to the mean and 1 million by 2020 is a BEARISH projection!

>>14457715
btc will die sooner or later and then crash to zero. it will never reach the ATH again, there's too much stress in the market.

>>14457797
oh yes yes yes sir very convincing sir thank you sir

>>14458000
trips of truth
>BTC is basically feeding from shit fiat currencies.
moreover at some point a nation-state is going to realize "lets print money to buy bitcoin and we will escape our debt collapse"...once that happens it will kickoff a bidding war between central banks. that could easily add $1-2T to marketcap...no other sources counted

>>14458084
I see that you did the numbers too , yes Satoshi 1m , goxed 700k , jap 120k , and a few millions more never moved since early days give the estimate that only 15M btc will ever be in circulation.

Also zuckbucks being semi descentralized will create a market for gambling addicts to gamble with shitcoins causing a massive injection to btc.

If every normie buys 5 usd of btc and forgets them they simply cause the price to rise due to less liquidity.

>>14458179
Proof of work based coins like btc and ltc have a base price in electricity which is why they never "die".
Also this is why forks of btc end up being so strong , to few left to mine , and not many btc users using them from the forked ones so they have so little supply of them that they have a high base price.

>>14457715
It's very possible

>>14458292
>moreover at some point a nation-state is going to realize "lets print money to buy bitcoin and we will escape our debt collapse"

I am starting to think someone is already doing , this bullrun is being caused by a lack of supply of btc on the market that can be seen on localbitcoins public statistics.

The supply of btc is disappearing in localbitcoins it's like 3 months before december 2017.

USD has been stable in localbitcoins(ammount of usd being traded)

https://coin.dance/volume/localbitcoins/ALL

But the btc has been collapsing like in 2017.

https://coin.dance/volume/localbitcoins/ALL/BTC

someone is buying a shitton of bitcoins so maybe you are right.
Or maybe there is a massive number of people holding now.

>>14457715
Yes. Major governments will start to use it to get around american banking sanctions. Iran, north korea, russia, etc. They are getting sick of our bullshit and need a way to move money around that cant be censored.

>>14458376
Yes, part of the "mad dash" I allude to in this post >>14458084 will be government central banks accumulating BTC, this when then trigger FOMO and the hyperbitcoiniization event as fiat currencies are then inflated into worthlessness

1 BTC = 1 million USD inflation adjusted to when USD had value, in reality 1 BTC will be something like $100 quadrillion USD at which point references to USD no longer make sense

>>14458492
Couldn't a country easily accumulate over 51% of Bitcoin behind the scenes and break the whole thing?

129 iq here, yes it will

>>14458877
No because the people who hold large amounts of bitcoin will not sell for worthless fiat currency

Bitcoin is an economic hyperweapon and was designed perfectly technologically, psychologically, and from a game theory stand point by 250+ IQ Satoshi Nakamoto

>>14458877
No 85% have already been mined the cost of buying 51% would be astronomical and become even more astronomical as they reach the number and less people are willing to sell.

They would rekt their fiat to buy it causing the opposite effect.

>>14458922
The game theory is too perfect.

>>14458492
There is a back of the envelop way to normalize purchasing power.

Fiat:
there is approx $100T in currency worldwide*
There are 7B people, thus avg distribution is $14,500 per person.
Now being "rich" I would argue is $4M (defined as can live off interest and be inflation protected for rest of life).
So, being rich is 280x more than per capita distribution

BTC:
In a world where all 7B ppl use bitcoin, that is a per capita distribution of .003 coins each.
Thus if "rich" is 280x base, this means 0.84 BTC will be rich (.003 x 280)
Therefore this puts a purchasing price guesstimate at 1BTC = 4.7M


* the amount of currency avail worldwide is debatable but 100T is widely quoted

BTC is on its way to 15-20 million a coin, because people are fucking retarded. Before 2030.

>>14458000
great insight thanks anon. I keep telling normies bitcoin is shorting fiat but they don’t understand. I tell them I will vote for yang in 2020 to give everyone 1k and they think im stupid lol if that happens fiat will crash and my bitcoin will moon

>>14457715
ok op i been doing some math with the info that some anons here put.

As anon here put
>>14457777
The market cap of 1tn is not that big is only 5 times the current one.

Today there is 17788175 coins already mined
586825 till next halving to be mined
328500 to be mined from may 2020 to may 2021(halving effects are usually delayed so i added a year here).


This gives us 18703500 BTC in existance by may 2021.
Let's remove Satoshi coins

17703500 in existance by may 2021 now it's estimated that there is 4m bitcoins lost and never moved.

Let's make it 3m for pessimistics reasons.
That gives us 14703500 btc in circulation by may 2021.

Add 1 trillion dollars into the market and that gives us a price of 68k per bitcoin.

But in general this is the base price as this thing never finds a price and is always moving so we can expect that after the bubble explodes in late 2021 btc goes to 68k.

Tough maybe some smarter anon can prove me wrong.

>>14459259
Oh and i also found this

https://topnews.one/24763-bitcoin-will-pass-7-trillion-gold-market-cap-winklevoss-twins-say.html

The twins beleve a 7T market cap

not that different than what this anon said

>>14457777
At that market btc would be at 476k according to the numbers i did it's shockingly similar to the memecharts that one usually finds online.

>>14457715
it depends. it has no logical reason to hit 60k, but it also had no logical reason to hit 20k. anything can happen with enough market manipulation, tether printing and general retardation.
>>14458426
>They are getting sick of our bullshit and need a way to move money around that cant be censored.
>non-fungible coin
kek