/biz/ - Business & Finance

>>7375885
0

>>7375885
100% my sir

>>7375901
why 0?

>>7375901
this unfortunately

>>7375885
Practically guaranteed

>>7375901
>>7375918
Between 0 and 100%

>>7375901
>>7375918

Clearly somewhere between 0 and 100

>>7375885

What are the odds you’re a faggot?

like hundred

Bear trap just officially ended. We're going to 100k now.

>>7375885
50/50. either it happens or not

>>7376101
Strong support at 6900

>>7375885
Well I'm pretty sure that it will happen or not.

>missed the SPY dip

>>7376101
Big support at 5000

>>7375901
nature does not recognise 0%.

should be 0<p</=100

>>7375919
lol...

>>7375885
dubs and it's 100%

>>7376680
so it's only 99%

>>7376714
98%

>>7376575
But it recognizes 100?

>>7375885
More likely to be 1000 desu

>>7376366
>losing 1.5% of your UPRO holding because it compounded a 12% loss and a 12% gain

>>7375885
If trips then 100% certainty btc will be triple figures

>>7376996
>6996

what does it mean oracles?!

>737

if dubs, btc will drop to 3 figures and stay there

>>7375885
It seems highly unlikely, however I predict it will end the year around 50,000 USD.

>>7377187
Wew that was close!

>>7375885
0

>>7377593
>0

Absolutely zero, it will get to AT LEAST 500k

>>7375885
listen, if bitcoin reaches 100k eoy i will eat my dick on live stream

>>7375885
My deep-learning price analysis algorithms say there is a 87.5847% chance that we will reach $100k by the end of the year.

I will be 1 billion dollar EOY. Screenshot this

>>7375885
0%. The cost of the electricity to produce a bitcoin is about $3.2k. Adding in the costs of the gpu's, and amortizing it over a few years, the total cost of a coin is perhaps $4k. Thus, the value of the coin will be close to $4k. At the height of the financial crisis, gold was trading at 3x cost, so the theoretical max value of bitcoin is around $12k. Anything above that will be a bubble, and will collapse far before ever getting close to $100k

>>7379717
NOOOOOOOO

>>7379717
4k would have a chance to be true if unlimited supply

Are you watching the SEC hearing?

>$20 trillion market cap by 2020
WOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!!!!!!!!!

>>7379836
Believe me, it's a tough pill to swallow. The issue is that of the price of bitcoin goes too high, nobody will buy bitcoin, and everyone will just instead opt to mine it, since it would be much cheaper to mine to get a coin. This will cause a collapse in the price until the price of the coin approaches the cost of mining. Bitcoin was doomed to be an inflation hedge from the beginning

>>7375901
/thread

>>7375885
not 100.000, but 25-30k

>>7380038
So what do you recommend doing, crypto-wise?

>>7379909
Wrong. Like in actual markets, when an asset becomes too scarce to produce, people start move towards other assets that are substitutes. Unfortunately, gold is a bitcoin substitute

>>7380149
Nothing at this point. The smart thing to do was to ride the bubble and get out once it hit above that $12k mark. If you made enough gains from it, you could throw it into the stock market and just sit on it. Besides this, wait for the next bubble asset

0%. It will go to 1 million instead.

You aint gonna be rich its over.

>>7376251
>>7376497

>>7380038
mfw Bitcoin is finite and some are destroyed every day

>>7375885
not sure about EOY but 20 trillion by 2020
and he didnt mean total mcap he meant EACH

>>7379717
What the fuck are you talking about? Why would gold be any indicator of how well Bitcoin can do? They’re entirely different quantities.

>>7379717
>Adding in the costs of the gpu'
bitcoin is not mined on gpus

>>7375885
Guaranteed 100% if /biz/ sells off their bitcoin in a coke fueled panic

Very low. LN will increase the price a lot, but not enough to break 100k.

>>7375885
very low
i would not bet on it my frient

>>7375885
If BTC reaches 100k then the total market cap of bitcoin would be 1.8$ trillion

>>7382005
not technically

millions of bitcoins have been lost to time, computer crashes and cops seizing shit

you would have to figure out what the float is, the amount of available bitcoins and go from there, but every bitcoin ever mined is not available

>>7382091
No shit, but that's not how market cap is calculated.
Market cap = circulating supply + price

Called it yesterday

No one believed me

Got laughed at by /pol/ /g/ and /cgl/

Now who's laughing

>>7375885
butcorn is gurna b $100k bi EOY

>>7375885
low, cause it will go to 1M BABBBYYYYYYYYY

>>7382258
>circulating supply
millions of bitcoin are not in the circulating supply anymore

it's not like a share of stock where it's sold to someone firm and the owners are cataloged, early ones were mined by faggots who forgot passwords

not the same situation

20 trillion is only 25x from the peak at 0.8T, but it would have to be driven by something like another huge bitcoin rally, theres no way a bunch of shitcoins are going to get us to those valuations, even ethereum would cause too much drama if it came close to passing bitcoin, which is the last thing we need in a bear market

>>7382410
I'm not having a semantic argument with you. This is how it's calculated and these are the terms. If you don't agree then go argue with the whole crypto community and tell they they are over-valuing the crypto market cap.
I'm well aware, for instance, that Satoshi's original coins (over 1 million if I'm not mistaken) have not moved for many, many years. And many other private keys have been irrevocably lost.

>>7375901
fpbp

>>7382637
it's a stupid thing to use as a metric in this case because so many millions of bitcoins are effectively destroyed forever

that's like saying the market cap of DaVinci paintings is 7trillion because he painted 200 paintings an the last one sold for 400million

and not taking into account that out of the 200 he painted 188 of them were destroyed over time

Statistically the chance is so low it may as well be 0

100%

>>7382793
>Statistically
Show me your methodology you subhuman nigger or fuck off.

>>7382738
Look, the bottom line is that Bitcoin functions for practical purposes like a commodity, like gold for instance. And gold has an estimated market cap (roughly US$ 7.8 trillion). Can you account for all the mined gold in the world? Of course not. But you can still make an estimate of the total market cap of gold based on that figure multiplied by it's current price.
Oh yea, what I wrote here >>7382258 was obviously wrong. Its market cap = circulating supply * price.
Market cap is a value that gives you a rough picture of the size of the bitcoin market. You can also use markers like 24h volume in USD.

We are loosers. Karma/God/Universe doesnt want us to win.Accept it.
0 chance.

>>7382943
You misunderstand me, I'm just saying it's low.
>Actually thinks he's going to multiply his stack tenfold by hodling
lmao

>>7383067
>Market cap is a value that gives you a rough picture of the size of the bitcoin market
no it dosent

that's my point, you may be right that the technical market cap would be Xtrillion, but the fact is that does not give you a picture of the size of the bitcoin market because so many millions have been destroyed

It just got the backing of the friggin SEC
They said thier kids own Bitcoin and they HODL.

You are are serious drugs betting against the children of the Director of the SEC.

>>7382793
Now where have I heard those odds before...

>>7383133
I don't hold shitcoins. This includes bitcorn. Please refrain from strawmen, faggot.

>>7375885
0%

>>7375885

Who knows. Probably not EOY but before 2020 100%

if BTC dominance stays the same we would need to hit around 4 tril market cap. Seems more than likely.

>>7375885
25-30k possible by November. By these levels it's just to expensive to make transactions, ordinary people can't afford single btc. Above this price is just whale game, you have to at least spend 2k just to get in. You know what happens when most players just sell, but nobody buys. Prepare for 10k levels for whole year, unless new 2x power miners will hit the market soon, then expect 10k+ levels for whole year.
If we will start to see crypto adaptations this year, expect 1k levels for btc.
People are acknowledging other cryptos and why they are better choice than btc. btc hype is dying.
BTC is pyrite as your picture name says. It is true.

>>7383335
What makes you think BTC dominance will stay the same? It's on a constant downtrend. Which is good for the market. Expect no more than 10% sometime in 2019.

>>7375901
>>7375918
do not trust /biz/ EVER come here for a quick news update and wojaks

>>7375901
This.

>take a look at the monthly charts
>first crash took 1 year before bitcoin finally took off
>make 1000% in just one month in the years 2014-2015 before finally crashing and going back to $100 levels
>slowly rise 2015-2017 then finally crashing back early 2018
>decline at 70%
>still a long way from the bottom

Will 2018-2019 be the year of AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA?

>>7379717
Retard thinks "production cost"=value

There's nothing quite like watching morons pull numbers out of their own asses and think that they mean something.

My own take: 0%. Bitcoin is going to be lucky if it is worth very much after Bitfinex/Tether get shut down.

>>7383567
>comparing Mt. Gox to literally nothing happened
wew lad, are you on the spectrum?

>>7383416
It's not expensive to make transactions anymore.
https://bitcoinfees.earn.com/

On top of that probably 90% of normies use Coinbase which is turning on Segwit this month. You can get a transaction through right now for under $0.25
That will lower fees even more.
On top of that Robinhood is coming out this month with zero fees.
BTC is going to flipping MOON hard this year.. Once Lightning is out, forget it.. 100k EASY

and the Chairman of the SEC is on board and that SEC guy said to HODL and that his kids are in Bitcoin and that congressman said 20 trillion by 2020..

Yeah, bet against BTC.. go on

>>7383650
>he thinks technology has anything to do with price in this market

>>7383643
>China bans bitcoin
>Korea tightens regulations
>USD tether could be magic numbers
>SEC talks about regulation
>b-b-b-but buttcoins are the future guys!
Enjoy your heavy empty bags.

>>7383758
>China bans bitcoin
Good.
>Korea tightens regulations
Literally just an introduction of mandatory kyc.
>USD tether could be magic numbers
Emphasis on "could"
>SEC talks about regulation
SEC is bullish on crypto.
>b-b-b-but buttcoins are the future guys!
No, they are not.

Kill yourself, you retarded sperg.

>>7383877
>being this delusional that he's getting rich
>when fundamentals and technical chart analysis say otherwise
I can't wait for you to post your suicide blog when you lose 99% of your buttcoin value.

>>7384004
I don't hold bitcoin, you fucking retard.

>>7379352
Calculating how much i need to pump some obscure exchange to 100k BTC somewhere

>>7376575
>>>/sci/

>>7384044
>disagrees with me that bitcoin will drop in value
>b-b-b-but I-I-I'm not heavily emotionally and financially invested in buttcoins h-h-honest!!!!
I'd be ashamed too if I were you.

>>7379717
>bitcoin
>costs of the gpu's
wew lad. Better stfu

>>7379717
Hey Sweetie
Difficulty Adjustment
ASIC Mining
Inderasting

>>7384155
you will buy when cheaper otherwise why are you even here arguing with what you consider retards. You're emotionally attached too

Most obvious elbow and toe of my life on the 4H chart. Stay poor.

>>7375885
Basically if you bet against it you've flushed your money down the drain
Bitcoin 130k eoy
Anyone saying otherwise a brain damaged cunt

>>7380038
Why do you feel that bitcoin is only as valuable as the net cost mine it? There are other factors.

It's like saying gold is a bubble because it is more valuable that the cost to mine it. Which, if you can tell, is absurd.

>>7384376
There's a difference between waiting for the right moment to buy vs being so emotionally attached to the point of delusion.

The more people that buy Bitcoin
The more the price goes up
The more the price goes up the more incentive to mine.
The more miners there are the more the difficulty rises.
The more difficulty rises the more it costs to mine.
The more it costs to mine the less likely miners are to sell bitcoin for the current price.
The less bitcoin for sale, the more demand
The more demand, the more the price rises

rinse repeat

The price of mining isn't $4k or whatever you said, it fluctuates based on difficulty

>>7375885
Nobody knows. Nobody should pretend to know. What happens happens. I have a feeling we’ll see $25,000 by year’s end, but don’t quote me on that.

>>7375901
0.0000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000001%

>>7376776

>>7375919
because you are an unloveable mistake, even to your mother

>>7376497
What is that gif

>>7375885

5.8% precisely

>>7375885
The possibility exist, but it would be due to the dollar losing 99.9998% of its value, not because of the coin gaining it.

You can get some free bitcoins here:

http://www.temporary-url.com/M841GE

I will send 0.005 BTC to the first three people who sign up with my ref link and click the CLAIM button. I will continue to send bitcoins to active users.

And if you're also interested in dogecoin check this website:

http://www.temporary-url.com/PYTJ40

I'ts 50%, either it does or it doesn't

10% it goes to 100k
20% it goes under 2k

I think it depends on how widespread the onramps are for institutional investors and if there will be regulation
also lightning network needs to progress and other applications being developed for the bitcoin network

If the stock market really does tank we could be fucked, who knows what will happen

>>7384260
>implying pajeets and chinks arent driving up the price of GPUs with their mining farms

>>7386288

>>7386594
>>implying pajeets and chinks arent driving up the price of GPUs with their mining farms
implying you can mine bitcoin with a GPU