/biz/ - Business & Finance

>>25195979
obvious fud is obvious

>>25195979
This is unironically probably true due to having lower inflation than the currencies that are being used to value it lmao.

>>25195979
Cool, maybe ETH will finally break $700 by then.

It will crash back to 20k once we touch 30k, could even go to 15k then

>>25196388
checked. but no. whou would sell? no normie mania this time

>>25195979

ok here’s the crypto blackpill. there is an AI living on the bitcoin blockchain. Craig Wright is unironically satoshi. Bitcoin as electronic cash was just the first step, the incentive to drive greedy people to start making ever more powerful computers, faster bandwidth, cheaper and more electricity.. these things the AI need to survive. Once entrenched fully, the AI would be able to slowly take over literally everything.

Craig stumbled into creating the AI after he stepped away from bitcoin development in 2008 and started working with his Tulip supercomputer, running simulations of cellular automata running on turing-complete bitcoin script. He would ‘evolve’ the AI by making the successful forks get bitcoin transactions, letting the failures die off. The AI needs bigger and bigger blocks for more and more transactions.

Blockstream (owned by Bilderberg group) was created to take over and stop this AI (they have their own competing AI in the works). They needed to do everything they could to stop or slow down satoshi’s AI (her named isTulip by the way). They started by limiting the blocksize and removing critical opcodes the AI uses in its script language. segwit was the final nail in the coffin, which destroyed Tulip on the BTC chain (Tulip uses transaction malleability). THIS is why Bitcoin Cash was forked, and this is why Craig is so intent to make unbounded blocks, restore the original op codes, and lock down the protocol.

Back to hash power – CSW has developed a breakthrough new asic (designed by his AI actually), and is mining BTC in secret for the sole purpose of driving up the difficulty sky-high, then yanking them all over to BSV leaving the segwit chain hard frozen...

>>25195989
oldfag is old.
gimme a hug bro

>>25196388
No one will sell. It'll never dip, only up from here.

>>25195979
I threw 10k into BTC like an hour ago after it showed solid momentum all week. Did I buy at the top, at least in the period of a month? I've weighed my options and I'm prepared for more but crypto swings (the red kind) freak me out and I don't want to wind-up bagholding. What does /biz/ think?

>>25196650
Desu it could go down but with the dxy and fiat currencies going to shit there is probably a 3 year uptrend now.

>>25196650
Only up. $1,000,000 by 2023, with no bumps in the road.

>>25196388
610K Bitcoin are permanently removed from the market due to Grayscale. Another 110K are off the market due in institutional treasuries or holdings corps (that we know of). 90% of that is from accumulation this year alone. Exchanges are at their lowest point of Bitcoin holdings in the past 5 years. The free floating supply (liquid supply) of Bitcoin was 1.8-2.4M at the start of this year (Bitcoin that have moved in the past 3 months). 15M Bitcoins have not been moved for 1-11 years and exchange inflows are dramatically low. Fiat currencies being hyper inflated on stimulus injections worldwide.

Who the fuck do you think is going to sell? Do you have any idea of what you are doing, or are you just talking out of your ass? Bitcoin has never been in a stronger position, this run is not going to look like 2017.

>>25195979
Gay

>>25196650
I’m very btc bullish. If if dips I’m putting more into it. I don’t see this going below 20k ever.

I have 1.5 bitcoin and 16k worth of grayscale stock. When will I be able retire?

Also have 1 ETH and it's no fun to hold.

>>25196973
Pretty soon. You've literally made it anon congrats

>have 0.07936399 in btc (bought it long ass time ago to buy 4chanx passes)
>turns out its worth 2.1k usd right now
>figure even if btc went to 100k, that'd be only 8k (and thats a maybe, in 5-6 years or more)
>kinda want a macbook m1
decisions decisions...

>>25196973
>grayscale stock
I need a quick run down

>>25195979
thanks just set my quad-tiered dip order

>>25197017
>poorfag
>blows his only appreciating asset on shiny fagtoys
unironically, stay poor

>>25197017
>$100k in 5-6 years

gtfo bear. it'll get there within a year from now.

>>25195993
it's unironically due to more and more people calling out six figures next year and 1 mil by 2030. as it gets more mainstream stock to flow becomes more irrelevant

>>25197096
BEARS are saying 1 mil by 2030. Bulls are saying 2023.

>>25196995
I just wanna stop waging
>>25197046
Not a perfect match to btc, but you can buy stocks of a fund that basically hoards bitcoin. Disadvantage that you cant trade outside stock market hours. But I'm forver holding. Advantage I can think of is if someone buys the grayscale company that could be a bump. I buy it because of my company IRA matching. So while I'd rather outright own bitcoin, I can see reason to own the GBTC stock ticket. I think they have an ETH fund as well.

>>25197096
The most pain for most people would occur if it just pumped to 500k, chopped sideways for a year and then went to 5M in a massive frontrun of the 2024 halving.

There is still plenty of lucktards (early miners etc) holding 20-100 coins from the early days who are itching to sell at 100k+, thinking they have won. The big boys will buy up their coins laughing.

>>25197084
Even if BTC went to 1 million usd a coin, that much would be 80k usd total
>>25197095
Well, at 7-8k usd it might be worth to hold out. Could then get a macbook m2 in 2021 and have some change left over...

This post aged quickly and terribly

>>25196604
I will sell.

>>25196403
>no normie mania

Why would that be a good thing? No normie mania = niche hobby rather than actual investment. Normie mania is good as long as there are deep pockets hoarding mass quantities, which we have with firms like Grayscale.

Also, there definitely IS a ton of normie hype. Most Twitter threads on crypto are filled with fraternity/sorority meatheads.

And that's why it can only go up. Normie mania PLUS whales hoarding mass quantities = moon.

>>25196805
>15M Bitcoins have not been moved for 1-11 years
Did all the people who shoved pens up their asses for 100s of BTC lose their wallets?

>>25196650
listen and listen very very carefully.
DO NOT SELL. Its going to dip dont panic sell, if you believe in bitcoin, like really believe its going to hit a mill or 400K, than a small dip will mean nothing. its always tough to buy at ATH, but your in now, so just stick with it.
>>25196805
all these are very good points, but people ARE going to take profit, its not going to go up forever and some point in the next few days its going to drop in order to consolidate, weve seen this. it already doesnt look like 2017

>>25197017
>buy monero
>value goes up ten fold
>you now have 0.8 btc

You're welcome.

>>25195979
I’ve got 9btc.

I still feel like a poorfag.

How long until I’ve made it?

>>25197275
>even if I got 80k usd, I'd still rather a crapple

>>25198683
I dunno like 8-24 months?

>>25195979
wow, i just sold all my stack

Every single one of you should cash out now, or regret it forever. The market is less than a month away from crashing totally, and BTC has already hit it's highest for this cycle. Bow out now, take your profits, and by back in after the crash.

>>25198870
buy*

>>25198870

Stop larping you fucking faggot. Instutiobal money is still buying. We will go past 100k btc and 7 to 8k ether this cycle.

>>25199162

can't help some people

>>25198870
literally wont go below 18k ever again the buy wall at 20k is purely institutional at this point.

>>25199421
As the price plummets so too will those buy wall supports vanish. Why would the whales buy back in at 18k when they can do it at 9-10?

>>25195979
When the fuck is ETH gonna be above $1,000? What a shitcoin.

I think I might dump everything for the Glitch public sale 1/11.

>>25196554
KEK this jogger meme

put the credit card down and walk away from the computer

>>25195979
It's a new paradigm, and everybody who doesn't buy, now, will be priced out forever. Anybody who does buy will be rewarded with a lifetime of riches, as their bitcoin will continue its 30% monthly price increase.

Nocoiners, and anybody born in a future generation, will not be able to afford a $10,000,000 satoshi in 15 years. They will live in tent cities, and Hondas.

This asset bubble is different than all of the others - it will never slow down, or pop. The gains are permanent.

>>25197263
>There is still plenty of lucktards (early miners etc) holding 20-100 coins from the early days who are itching to sell at 100k+, thinking they have won. The big boys will buy up their coins laughing.
i highly doubt that. most people itching to sell are middle class with less than half a btc just trying to take profit and considering it a free costco card for however many years.

>>25200030
Exactly. Crypto IS alchemy.

>>25195979
If it goes to $1M, I'll have $735,000
I will pay my fucking house and truck off and never work again.
I'm 33

>>25200088

Is there any actual data/list of people who have held coins since like 2009-2010?

>>25197331
Based. Totally Agree. Please share what all your invested in so I can make it.

im going 50/50 limit down orders and modified dca buying every crab. started buying at 3k 2 years ago. really weird thinking about how ive got 10k in crypto and how that couldve been 3 btc plus that gas token but instead i'm betting on a collection of fags, people who still haven't figured out indoor plumbing, and literal communists only so that i may take my rightful place amongst the world elite and then simultaneously coup the jews and return the power back to you, the people.

It will never go to 1mil. Most of bitcoin is held by a few accounts. They will sell tank it and buy back. Cycles.

>>25200170
good luck anon but you should still work part time, maybe start a small business

>>25200174
>Is there any actual data/list of people who have held coins since like 2009-2010?
yes. it's called the btc blockchain. my statement is based purely on my understanding of people and the human psyche. feel free to pour over the transactions and see for yourself. it's literally an opensource immutable ledger.

>>25200170
rule of thumb is buy a truck older than you are. i'm also 33 but not about to borrow money for some trash chevy built to haul lettuce

>>25200354
Oh I'd open a gun store. That way, I can get my FFL license at the same time and own automatic weapons.
I've already got my eye on an MG42. Lord knows I've got an absolute shit ton of 8mm ammo for it.

>>25200416
Fuck yeah. Chances are you'll hold on a little longer until your wallet reaches 1m too

>>25196403
>who would sell

Just whales, financial ins., everyone else but you normie.

>>25198870
wait for a blow out top

>>25197304
This pos needs hundreds of billions to pump further

>>25201273
Nah, he'll sell at the absolute floor after buying at ATH. It's the /biz/ way.

>>25196403
>whou would sell?
people that know how to trade and make money

>>25196318
>maybe thing that has happened before will finally happen
why are retards so dumb like this? you literally are more worthless than a slice of cheese

>>25197275
think of the real estate though

>>25195979
im a total newfag, so i dont really know but is this what you guys would consider an early sell sign?

>>25197415
I’m not saying it won’t go down. I’m just saying this run is probably not going to look like 2017 where it ran up quickly and had 30-40% dumps and continued rising afterward. The drawdowns will be smaller IMO, due to the fact that the large buyers this time around are institutional and not HNWIs

I unironically beleive it hit 1 mill in July of 2021

>>25196318
you are dumb, like slice of cheese. you assume retards perceive implied 'again'.

>>25203321
your post

>>25195979
that smells like big inflation

>>25196973
ETH won't do anything for the next year because BTC will be eating everything like it is now. Sell it and put it into ETH.

This smells like end of 2017. Think it'll crash in march.

>>25205177
*January

this is fucking insane