/biz/ - Business & Finance

>>58132740
120k-140k top

>>58132740
btc death hopefully

>>58132740
a lot of classifieds ads with old bitcoin miners, and a lot of idiots throwing thousands of dollars at their electric company. then about six months later a price drop because "bitcoin is a scam!!"

>>58132754

Same

However now institutions are in as well, I predict the crash after ~130k will be a much milder one than previous bullruns

And crab markets won't be as much of a thing either when a fresh bash of new normalfags will be offered crypto on a daily basis by banks and institutions

In other words, the predicted golden bull run by anonymous user may actually be happening starting now. Except for ripple and chainlink because they are stable coins

>>58132754
>>58132775
you pajeet shills will need new job

>>58132775
we are already doomed to 1000 years of the age of the crab. there is too much liquidity. i don't even get a rush out of leveraged trading bitcoin any more

>>58132806
market failure happens on the way up
and since BTC has no use now, when confidence is lost it just collapses and never recovers

it's a con game now

The financial system needs a serious upgrade, and only bitcoin makes it possible. Those large suns of bitcoin that never move, those belong to institutions and nation states. What most people don't understand is the great degree of inefficiency involved in the current financial system. So with that said, good luck.

>>58132740
110k and then 50k pullback

>>58132740
my position has always been that bitcoin and crypto is not backed by sound fundamentals and will eventually collapse. it's a matter of how long the big players want to slow play it.

>>58132740
I'm sick all the faggotry co-opting everything good.

>>58132934
The foundation of the entire financial system, the dollar, isn't backed by sound fundamentals. Just look at all the stocks sitting at 30+ PE's, in a couple of years just the US interest on the debt will the the biggest line item. What the fuck are you on about fundamentals.

30k

>>58133163
What you have is an economy that tries to stimulate by printing money, after waves and waves of set backs in terms of world wide instabilities. Of course that isn't pretty, but to say that the fundamentals behind our world economies and crypto are comparable is disingenuous, or ill informed at best.

I'm not here to argue you though, let's just agree to disagree.

>>58133247
>fiatcuck thinks stealing people's savings silently, forcing consumption, and having the current state in the economy are all good things
surprising
don't expect sympathy when you defend this system against an hard money system with actual fundamentals

>>58133280
woha, slow down there buddy. I didn't say any of those things. What I'm saying is that crypto doesn't present a tenable solution and isn't backed by economic fundamentals.

Just because you wish something would work doesn't mean that it will, it's fantasy land.

>>58133356
you can deny but this is exactly what you meant/implied and what you think, and I've answered precisely to your parasitic points.

I'm talking about bitcoin by the way, since the rest is irrelevant. bitcoin works very well. and you can assess its fundamentals very easily considering all information is public and provably true.

>>58133163
Thank you. Out of touch boomers clinging to the idea of the structure they thought was reality during their 20s and 30s are the only ones who think our financial system isn't a complete and utter joke, only propped up on kikery and war

>>58133427
>you can deny but this is exactly what you meant/implied and what you think
I think you're projecting hard from previous convs you've had. I don't care to argue ethics of an economic system, I'm simply comparing the two systems from a practical stand point.

>and I've answered precisely to your parasitic points.
You didn't say anything though. You basically said that you think I'm evil and bitcoin is good.

> bitcoin works very well. and you can assess its fundamentals very easily considering all information is public and provably true
As much as you think you do, you're not really saying anything here.

Frankly, I think you're too dumb to be trolling here.

>>58132740
Number go up

>>58133491
>I'm simply comparing the two systems
>to say that the fundamentals behind our world economies and crypto are comparable is disingenuous, or ill informed at best.
which one is it fiatcuck? don't try to downplay bitcoin or what I say, the situation is perfectly clear and the more you refuse to acknowledge it, the more cucked you'll look

considering you have the opinions of a teenager, with a brain not completely grown, I'm still open to answer your questions regarding bitcoin to help you understand some key points that you were unable to understand at first glance

>>58133536
>or what I say
You aren't saying anything of substance at all. The fact that you don't realize it baffles me.

420,000 dollars 2025
1,111,111 dollars 2029
9,999,999 dollars 2032
77,777,777 dollars 2036

>>58133536
>which one is it fiatcuck?
I don't see how you can possibly think these are mutually exclusive. I'm talking about the two systems. One has more sound fundamentals than the other. That is what I was saying. Your response was that it's morally evil to defend the US economy to which I say, bitcoin is not a tenable solution.

You're not very bright, and that's ok. But talking to you is a waste of time.

>>58133518
Unironically all that matters.

>>58133579
we're telling you that the fiat system has no sound fundamentals. it's literally built on debt going astronomical and devaluing its units continuously towards zero. it's not a store of value, and to work as money, the unit has to be desirable, something that devalues over time isn't desirable, you just get rid of it in favor of a superior way to store value. so, no sound fundamentals.

I've also told you that bitcoin has the attributes of hard money. that was enough to tell that such system is better than a fiat system. again, I'm open to answer to questions related to bitcoin.

>>58132740
goes down immediately after it completes to shake out retards out then breaks out explosively.

>>58133718
you have a first grade level understanding of this. It's really pointless to discuss it, I'm not here to argue you. I came here to give my prediction, you're here to feel proud about buying bitcoin. It's all good.

one million dollarydoos

>>58133790
you were the one displaying a lack of understanding, which is why I offered to answer your questions.
you keep dodging the argument without addressing anything, are you suddenly ashamed to be a fiatcuck?

>>58133579
I agree with you here. They aren’t mutually exclusive. IMO, BTC is a piece of financial technology that offers an alternative to fiat that’s more or less accessible to everyone; it doesn’t supersede or replace fiat. It’s entirely possible that with BTC as viable store of value that states can get really crazy with fiat without damning their citizens since they have access to BTC. Or states can have harsh laws regulating the use of fiat if people can still use BTC as a peer to peer payment platform. The fact that it offers a way to store and exchange value in a manner that’s independent of any single entity is it’s value, and I’m personally pretty excited to see how it continues to evolve use cases and how said entities - namely states and banks - will adapt and evolve along with it. I genuinely believe that the world system is in a paradigm shift of its own, and a reliable proven decentralized ledger will have value.

>>58134052
>you keep dodging the argument without addressing anything, are you suddenly ashamed to be a fiatcuck?
you kept throwing ad hominems instead of making any real arguments, and the first real points you try to make are the most basic youtube points imaginable, and even portrayed incorrectly.

you shouldn't compare storing dollar to storing bitcoin, that is not the purpose of dollar, it is to have a tangible concept of currency that you can exchange. you compare storing bitcoin to stock. stock is backed by commodities, and the US military. Bitcoin is backed by fuckall.

You have no depth in your talking points and you have no idea how economy really works. You can't even hold a conversation.

>>58134160
Never mind, you’re stupid.

>>58132740
Huge wicks in both directions, then suddenly a break out and minor pullbacks before continuing upwards to fool everyone.

>>58132740
NIGGER

It'll do the opposite of what the majority thinks.

>>58134513
I can't believe someone solved a captcha for the right to post something so stupid.

thanks for the insight there Nostradamus.

>>58134414
read through what that guy was writing and find anything correct or intelligent in what he said. I'm again not here to argue but I can answer your points if you want


>I agree with you here. They aren’t mutually exclusive.
He thought I wasn't being consistent in what I said so I just explained it to him, I wasn't talking about the exclusivity of an either fiat or crypto economy.

>IMO, BTC is a piece of financial technology that offers an alternative to fiat that’s more or less accessible to everyone; it doesn’t supersede or replace fiat.
accessible, yeah sure. tenable long term solution, I don't think so.

>It’s entirely possible that with BTC as viable store of value that states can get really crazy with fiat without damning their citizens since they have access to BTC.
See this is the problem I have with people arguing BTC. I agree, it is a big problem that people hold cash and let it depreciate when feds print money, but that doesn't explain how Bitcoin is a solution. For it to be a solution we need to prove that bitcoin is a stable reserve for wealth. Not in this discussion, or any discussion on this board has that been proven. You are looking at a new technology, backed by essentially nothing, that increases value based on that people think they will sell it to even bigger suckers. There is no inherent value generating machine in crypto, nothing that actually makes it valuabe. With stocks you have commodities and governments backing them up. You don't have that with crypto.

>>58134144
>The fact that it offers a way to store and exchange value in a manner that’s independent of any single entity is it’s value
It is only worth anything as long as the big players agree that it is worth something. There is nothing saying that this would last.

>>58132740
>>58132754

Top will be 160k in 2025

4chan devs need to loosen up on the auto spam.

>>58132740
500K in '26.
People selling in 24 are the fools.
It get entrenched in 25 as the west become more hostile and a "divorce" happens.
The scarcity that picked up in '25 gets fever pitch i 26.
The scarcity is the commodity once all those ETF's are in full scale financial war.

500K easy.
Take into account how weak the FRN will be by then, too.

bitcoin bros who is buying right now?

>>58134755
me.
.28 puts you in the 1%

>>58134765
I'm on your side fren, just wondering who is pumping on a Sunday

>>58133790
Bitcoin has sound fundamentals. PoW. Nuff said. If you look at how extraordinarily fast the hash rate of BTC has risen over the years, you’ll see that it’s only gaining more and more power. We are talking about a gargantuan sized carbon footprint here. If your an environmentalist your crying right now, but if you are pro civilization and anti central bank you ought to be cheering this on. So much electricity is dedicated to keeping the bitcoin real. This is not something any naysayer can scoff at, you can do your best to try. What your looking at is something very very tangible here. It’s not a solid, like gold. But it is continued burnt energy. And attention, coming from all the miners building more and more clusters to power this. And then the volume of it all, with BTC exchanging hands at extremely high volumes. This can’t be evaluated on fundamentals exactly the same way a stock is. The stock market has been around forever. This is brand new uncharted territory in finance and tech. There really is no other PoW blockchain out there receiving this much energy and attention. The PoS blockchains cannot and will never compete. Not in raw price that is. It’s a definitely a store a value in its current state there’s no denying that. You can come up with all these crazy ideas like oh suddenly overnight all it’s steam is going to be cut off. Maybe if the electric grid goes out, which is a possibility but that’s a different conversation.

>>58134626
Yes and they have every reason in the world to keep it that way.

Old assets dont need to die they just become obsolete in the face of better stores of value.

You no longer have to buy heavy gold or invest in vacant real estate thats gonna get squatted to store your wealth.

Hell you dont even need to hold bitcoin the ETF does the same thing for boomers. Bitcoin is unironically the best thing that has ever happened to institutional finance and us early adopters had to:

>Ram
>It
>Down
>Their
>Fucking
>Throat

>>58134857
>Bitcoin has sound fundamentals. PoW. Nuff said.
>This can’t be evaluated on fundamentals exactly the same way a stock is. The stock market has been around forever. This is brand new uncharted territory in finance and tech.
Absolutely not nuff said lol. proof of work ensures the validity of the ledger, not the worth of it.

>If you look at how extraordinarily fast the hash rate of BTC has risen over the years, you’ll see that it’s only gaining more and more power.
Same with any bubble, and it doesn't mean that you're buying anything of actual value. Hype drives hype, and rug pulls are a thing.

>if you are pro civilization and anti central bank you ought to be cheering this on.
Also a very interesting topic for another day

>There really is no other PoW blockchain out there receiving this much energy and attention. The PoS blockchains cannot and will never compete. Not in raw price that is.
Yet there is nothing intrinsic about Bitcoin.

>It’s a definitely a store a value in its current state there’s no denying that.
Not proven

>You can come up with all these crazy ideas like oh suddenly overnight all it’s steam is going to be cut off. Maybe if the electric grid goes out, which is a possibility but that’s a different conversation.
Yeah that's not what I'm saying lol

>>58134607
If you believe that there's nothing backing up bitcoin, then surely you can create a bitcoin from nothing.njwpx So make one.

water fu?

>>58135045
>Yet there is nothing intrinsic about Bitcoin.

Neither is there in fiat, this is all built on trust, and people willing to participate in the system. Stocks to some degree also have intrinsic value in so far all the agreements that you own “x” amount of company “y” is built on a trustworthy system that works and you can use it for your personal needs after liquidation. I’ve literally bought things with BTC p2p and at shops online. You can buy a house or a car with BTC. So it’s great for large purchases mainly. The burning of fuel and consumption of power by the miners is very tangible. Fiat is tangible also in a magical way. Of course stashed fiat in a vault is worthless in some dystopian mad max future but only tin foil hat wearing preppers waste their lives on this silly fantasy. The intrinsic value is the energy and commitment of attention and participation to the network people are giving it. This is all directly proportional to the hash rate. It is literally working before your very eyes and you still deny it. Yep it can all literally crash tomorrow. Look at the hash rate over the years in pic related. It’s skyrocketing. Already at the EH/s range. It’s like a whole Milky Way galaxy worth of information or more. Untill I see this hashrate nose dive your intrinsic value argument don’t mean dick. There’s all sorts of other nifty assets to store value many ways to skin a goose. You may go use those if you choose I think tech stocks are probably ideal for right now. Or oil/mining.

>tldr; my guess is your a gold hording boomer

>>58132761
>>58132786
>>58132829
>>58132934
>>58133247
>>58133356
>>58133491
>>58133560
>>58133579
>>58133790
>>58134160
>>58134607
>>58134626
>>58135045
holy seethe batman XD

>>58135369
>Neither is there in fiat, this is all built on trust, and people willing to participate in the system.
It's backed by government and military, you're just wrong.

>I’ve literally bought things with BTC p2p and at shops online.
ok?

>You can buy a house or a car with BTC.
fantastic

>So it’s great for large purchases mainly.
I mean that is not what is being discussed here

>The burning of fuel and consumption of power by the miners is very tangible.
I said tenable, as in a tenable solution. not tangible. Hello?

> Fiat is tangible also in a magical way. Of course stashed fiat in a vault is worthless in some dystopian mad max future but only tin foil hat wearing preppers waste their lives on this silly fantasy. The intrinsic value is the energy and commitment of attention and participation to the network people are giving it. This is all directly proportional to the hash rate. It is literally working before your very eyes and you still deny it. Yep it can all literally crash tomorrow. Look at the hash rate over the years in pic related. It’s skyrocketing. Already at the EH/s range. It’s like a whole Milky Way galaxy worth of information or more. Untill I see this hashrate nose dive your intrinsic value argument don’t mean dick. There’s all sorts of other nifty assets to store value many ways to skin a goose. You may go use those if you choose I think tech stocks are probably ideal for right now. Or oil/mining.
I feel you're really lost in the sauce here

>>58135418
yeah honestly, I came here to post a meme pic and got roped in again

>>58132740
50k

>>58132761
>>58132786
>>58132829
>>58132934
>>58134160
USD is dead
say your fucking prayers

bye bye

total
fiatcel
death

>>58132754
>>58132775
>>58132900

Huh, didn’t realize consensus was so similar >>58135274 . i think lots of people expect sell offs at huge milestones but I think it’ll lead more to stagnation than anything. i think this could be incredibly boring and disheartening, eth may take btc’s place, and even if not, it may be limp for a very long time after next crash. btc is unfortunately becoming played out

>>58132966
His bussy must be delicious

0 usd

>>58132740
30-35 cents

>>58136800
What happens to all the miners do they keep pumpin 700 EH/s? Please let it drop to 35 cents! I’ll buy a million BTC

>>58137004
if the miners are smart they'll continue to pump 700 eh/s pushing the difficulty sky high and leading to a massive drop in the price of btc i'd like to see it go down to $035 cents as well as i'd like to buy a million btc as well in the end the miners will go wherever they're most profitable so who knows what will happen

>>58137038
well look this might be quite a long shot but if the miners really are smart they'll be pushing those 700 eh/s and with the difficulty increase that's bound to skyrocket let's see a massive crash happen drop that price down eh i certainly wouldn't mind buying up a whole ton of btc at $035 cents oh and who knows where those pesky miners will end up next it's anyone's guess really

I only have 0.75btc

>>58137326
Make it stack

>>58137326
and I have the other 0.25! wanna send it to me to make it a whole coin?

>>58132740
>ETFS
>Halving
>Rate cuts
All happening around the same time, they will all catalyst eachother

>>58132740
BTC price roughly halves after halving & wont recover it's 2024 ATH until early 2025. It would be entertaining at least lol.

>>58137326
nice, on 0.61 myself, a dollar here and there, never lost anything, still had enough for beer, rent, slop. I prefer the slow but steady approach, i dropped like 3k on shitcoins only to have them crab for years, never listen to /biz/, /biz/...

>>58132754

fpbp.

>>58132740

bitcoin halvening on mainnet will leave miners with nothing to do, so zkBitcoin on zk sync will go to $1

>>58137326
At least you have that much
What about me who only have 0.2
lmfao
I was never meant to make it, you can go without me bitbros.

>>58132740
Dumps to 50k 2 months after it
Pumps to 100k 6 months after it
Pumps to 250k 12 months after it