/biz/ - Business & Finance

It doesn't matter. 1BTC=1BTC

>>18349831
8k

>>18349831
past behaviours don't forecast future ones

$3.50

we ran out of spastic money during the 10.5k scam pump. only a retard would think this is going higher without huge manipulation

>>18349873
>>18349873
based

>>18349831
the bull run will last 2 years. peak is around 100k - 500k

everyone knows the bullish predictions.
ranging from 40k to 1M.

I am fucking so many girl right now!

>>18349873
min. $3000, no way

>>18349882
I think similar, no more than $20000

>>18349899
out of universe thinking

>>18349903
show proof/photo. you little liar

>>18349859
>this time it's different

>>18349831

Based the difference between the increase percentage between the first and second, it'll be around $65k.

6500 at the halving, 100k before the next one

>>18349923
well, no.
euro is about to collapse, nobody can predict what will happen then to btc price

>>18349975
>euro is about to collapse
God I hope so.

>twf all liabilities denominated in euro

Staking that BTC, ETH & ALGO. Tired of the government/banks dictating the economy with poor policies and rule of law

>>18349882
you dont understand how a supply shock works do you

does a halving guarantee an increase in value or is value volatility guaranteed,with an increase just the more likely outcome?BCH halving is also in a few hours I think,would it be a good idea to buy now?

>>18349831
Do you know the "random()" function dear friend?
It's smashing to predict prices.

>>18349873

>>18349831
Im surprised that no one has pointed out the obvious.

After halvening the difficulty of mining BTC will be so great most core miners will cease to mine and end up selling all their hardware (as they are already doing so).

In fact, it can be inferred the massive dump we saw about a month ago was likely some oldschool miner dumping in preparation of this event (as some coins were moved from genysis wallets).

So price of BTC will go either two ways, it will become so rare it will moon, or it will become obsolete and die (or stay relative constant for a good while).

I mean, even with lightening network its a pretty shit coin desu, maybe it will become like rare stamps for collectors, but I would like to think actually that alt-season will be upon us as other coins have real use case and versatility.

>>18349831
Reasonable guess, 50k $

>>18350297
>economical collapse incoming
>btc will become obsolete
choose one

>>18349831
the real question is; will whales pump this again ?
I am not sure they will, I mean why would they ? they make more money pumping and dumping at lower risks than they would just pumping and hoping for a new normie fomo run

>>18350297
> other coins have real use case and versatility

>>18350360
did I say economic collapse incoming in my statement?

>>18350399
the irony of calling me an NPC when you sound like the rest of the swathe of fuckboi neets on here living in your parents house with your magical internet monies.

>>18349831
there is no correlation and you cannot extrapolate you simpleton

>>18350297
perfect scenario

Most of your answers: UP, DOWN, CONSTANT. We'll never predict it... it's up to whales.

>>18350448

the irony of calling me a fuckboi neet who lives in his parents house and plays with magical internet monies when you are literally programmed to so

>>18349831
$6 million
100% SERIOUS

Who the fuck is going to pump it into 5 digits again?
Crypto bubble is long gone, how is that not plainly obvious?

>>18350297
BITCOIN DEATH!
#238
https://99bitcoins.com/bitcoin-obituaries/

>>18349831
2 to 3 million dollars

>>18349882
>huge manipulation
we only need a small manipulation
15M of BTC are not moving anywhere

>>18349831
327k

>>18350297
>t. >>/biz/thread/S1214767#p1217270

>>18350297
the only coin i ever used was bitcoin.
If its so shit why do people use it?

>>18350297
lol

>>18349831

>>18350639
crazy, thank u for this link

What the fuck is a halving?

>>18349840
this is the endgame

>>18349840
this makes sense but also no fucking sense at the exact same time

kys

>>18349949
based

>>18350088
that's how idiots react when they missed the bottom. ignore them.

>>18352396

>he thinks this is the bottom

>>18352308
Without getting too technical, The amount of bitcoins rewarded per day is cut in half. So miners will now be making exactly half of what they made before, causing many to either stop mining or move to a different coin. It's a tactic of bitcoin's code to control supply.
Unlike the previous two halvings however, there weren't nearly as many miners before as there are now. It's expected this halving will have a larger impact at first since many miners are then going to value their Bitcoin higher since it's harder to obtain. Once a large amount of miners stop mining BTC, the reward for others will go up and thus lower its value. So it's hard to say how high or how long this will occur.

>>18349831
"It has taken $40million worth of new money per day entering the market to keep the price of BTC above $6000, what do you think will happen when supply of newly created BTC gets slashed by half?

>>18352912
Tether just simply wont print as hard.
But if march proven anything, its that the order books can be destroyed with 1 billion dollars

>>18349859
actually yeah, I fucked your mom yesterday so I'm very likely to pound her again next week

>>18349840

>>18349831
320k late 2021 early 2022.
1 million in late 2025 early 2026

>>18350297
Transaction costs increase to account for the decrease in mining dumbfuck, BTCs use case is the same as it's always been.

Anonymous decentralised digital gold

>>18350297
so many people use bitcoin nowadays to buy and sell stuff online without any government interference or bullshit company like paypal, bitcoin is still very usable and very cool to use.
on top of that bitcoin has imensily value which could make it be some kind of store of value and also it's an investment, not only that but no one controls bitcoin which is the opposite of all the shitcoins out there.

>>18353031
>What is fungibility

>>18353180
Bitcoin doesn't even have that, kek. Coins can be blacklisted depending on their origin/history.

>>18353207
How does that work

>>18350297
You make it sound like the halving is a big surprise and suddenly miners will all leave because it’s no longer profitable. They know what is coming and the less efficient will simply shit down, while the more efficient will hang on. Then the difficulty will adjust for whatever happens and bitcoin will keep on trucking. I never understood the miner capitulation FUD, the difficulty adjusts.

>>18353232
You just check the origin of the transaction and see if it's a rapist/kiddy porn distributor/guy I don't like?

>>18352912
This. No one knows exactly what proportion of newly mined bitcoins are immediately sold to pay for operating costs, but based on the estimated costs of mining a bitcoin being 3-5k,(conservative) they must be dumping at least half of what they mine onto the market. So every day that the price remains the same, some 10’s of millions of dollars in bitcoin are purchased to hold for at least medium term.

In around a month, the amount miners have available to sell will be cut in half. They will likely increase the proportion of what they mine that gets sold, especially at first, so I don’t think there will be an immediate supply shock, but as less efficient miners capitulate, the amount of bitcoin hitting the market each day will decline. Assuming the demand stays the same, the price should rise. This price increase will further increase demand and we will have yet another bubble.

Help me out on this...

Assume it hits the bull wet dream of $100k per BTC. (Hope it does, I'm holding too)

That's an insane profit for whales. They'll be dumping, but how many people there are willing to pay $1k for 0.01 BTC at any given moment is not unlimited.

What are the 24 hour volumes of traded BTC? 1,000 - 2,000? When the price goes from $7k to $100k, will the daily trade volume remain 1-2k?

The only way I see it maintaining an adequate trade volume is for global adoption. For 10x price increase, you need 10x more demand right?

At some point, people will cash out, so they will sell. No one hodl's forever, and if you do, you'll go to the grave rich in book value only. Your BTC forever lost. People must sell at some point.

There is no continuous exponential growth. It has to plateau. Speculative demand cannot continue forever, at some point it'll saturate, crash, rise, plateau.

Fucking hell, what did I even write. I just typed a load of bullshit right? Take me to the moon.

>>18350149
BCH is for if you’re a moron

>>18349831
we have been over this before you cannot extrapolate the time in days like that
you'll end up with very wierd situations where several halvenings are overlapping into eachother
the btc gametheory was hoped to create a supplyshock and some price increase after the halvening and this should lead to higher vuluation passing an irrational exuberance phase along the way
it will play out in the months following the halvening, having a cycle that lasts 2 years just isn't realistic

>>18353510
>For 10x price increase, you need 10x more demand right?
no you really don't, marketcaps can be raised with very little dollars coming in
you only need more buyers than sellers and with supplyshock incoming very little real dollars can cause marketcap moonshot
also noone knows real trading volume, a lot of it is wash trading, especially those noname asian exchanges that try to appear liquid, so don't focus too much at that metric
during any significant market event in either direction market depth evaporates even in boomer markets this happens

>>18349831
How the FUCK is a rise of almost 1k somehow 7k% whereas a rise of almost 19 fucking K is mere "3K%"
That's retarded, the bigger value is the biggest increase. OP's math is wrong and stupid.

>>18353638
OK, thank you. I get what you say. You see it very clearly when the bots hit their targets and frenzy buy or dump. The price shifts.

Something still doesn't sit well with me re the trading volumes though. Unless real world prices go nuts, you wont need to sell much BTC to buy a new car, house etc if at $100k/BTC. That makes me think most people's hoardings will be held out of circulation.

I don't know, maybe I just have half an idea in my head. Need to think about this more.

>>18353752
the state of this fucking board

>>18353898
well thats the uncertainty in todays market
the halving is actually of second importance the real world market crash will be of far greater significance
even in previous top the amount of btc that were cashout were mindblowing so i would not worry too much about that
just look up at the sites that track dormant btc, the amount is huge whales aren't moving as much as the shills would have you believe

they know they cannot ralistic cash out without crashing the market and they already have more than enough dollars to get sucked by a different toptier escort everyday, their only winning move to play is to make btc commonly accepted
to use your example you would not buy a house for 500k usd post crash, a whale will buy a foreclosed 100 unit apartmentcomplex directly for 20 btc
you cash out for real world goods, not fiat monopoly paper

now be advised this isn't a prediction, its a best case hope
.gov could crack down hard on crypto for all we know

>>18354453
they could indeed, and it would be swift too.

agreed about the whales. there's so much out of circulation it's driving me nuts thinking what people are paying for the tiny % actually being traded.

I don't have much anyway, in fact I was thinking it'll dip again before the halving. we shall see

So what's Bitcoin likely to do in the short term, weeks or months, after halving?

>>18353031
>>18349840
1 BTC != 1BTC
Bitcoin is not fungible.

Banks like JP Morgan are planning to release "paper" bitcoin soon to keep the price low so they can accumulate real bitcoin. The banks being able to sell "paper" bitcoin means that there will be an unlimited supply and the price will dump.

How many blocks until halving?

>>18355938
>so they can accumulate real bitcoin.
>and the price will dump.

And then what? What would they sitting on the dumping real Bitcoin for?

>>18355964
the price dumps as they accumulate. They've done the same thing with silver.

Small bull trend right before, dump, halvening recovers to 8k, bitcoin one penny by Dec 2020

>>18350088
bitcoin is not necessary for anything, nobody wants that supply

OP: To all of you... I really encourage you to read posts before the 2nd halving from april 2016. Someone posted a link in this thread, find it... it's priceless.

>>18354928
Halvening is the biggest normie honey pot. There's fucking bitcoin kiosks in fucking walgreens now.

>>18356700
my bank blocked all my payment to my favorite Ukrainian streamer, so I had to start tipping them in BTC. Without BTC entire industries will collapse.

>>18349831
>predictions.. be serious
79x
29x
15x
90k

>>18349840
this

>>18350297
yeah I'm sure that's what the drop was, and wasn't related to fear accelerating BTC's current downtrend.

>>18350046
eurofag brainlet here, are my eurinos just gonna be less worth? once btc drops i'm just gonna split in ETH and BTC and hodl

>>18355946
Just 3 left

>>18352613
Will it be cheaper to buy if it dips?
Say you’re holding 10 bitcoins, what happens to that? Do you only get gains from the point you invested or should you sell and wait for the dip to happen?
I was here but I wasn’t holding when the last halving occurred so I just didn’t pay attention to it

Ok, I'll be 100% serious. I hold bitcoins only for investment purposes...

As a user since 2009 I can tell you that it's the worst currency for payments... I prefer 10x more ETH, Monero, Zcash with instant transactions and zero fees + great anonymity.

I have no idea, why the bitcoin still exist, it should be removed from #1 many years ago. ETH is way more better.

I made thousands of transactions and it's just my personal opinion.

It's more like a gold than currency...

>>18350297
>So price of BTC will go either two ways, it will become so rare it will moon, or it will become obsolete and die (or stay relative constant for a good while).

>Price will go up or down or sideways

>>18356616
But they short an equal amount of silver