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10109014 No.10109014 [Reply] [Original]

Make a bullish case for this.

>> No.10109027

>>10109014
Feel free to wait until a new ATH before buying in.

>> No.10109029

>>10109014
Looking at it that way makes it look like it's going to be going sidways for a long time.

>> No.10109047
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10109047

>> No.10109049

>>10109027
I'm holding, fren. And I don't plan on selling. I just don't see anything bullish about the chart. You gotta be honest with yourself.

>> No.10109061

>>10109014
Its pretty obvious the bottom is exactly 1k. Thats what it was before all the anclap tinfoils started pumping it into oblivion. Back pre 2012 people actually used it like money as it was intended.

>> No.10109071

>>10109014
there are way more millionaires than there are Bitcoin

>> No.10109079

>>10109061
You've got it literally reversed. Back in 2012 the only people using it at all were ancaps. The pump came from idiot normies and chinks.

>> No.10109089

>>10109079
>The pump came from idiot normies and chinks.
Hedge funds too.
https://en.wikipedia.org/wiki/Pantera_Capital

>> No.10109094

The 1m chart hard for look bullish

>> No.10109103

>>10109014
there will only ever be 21 million, probably half are or will be lost forever. meanwhile u got humans exponentially multiplying in numbers with governments printing fiat currencies into oblivion and exponentially growing billions of pajeets all trying to claw their way out of the designated shitting streets. the pajeets who will buy my bitcoin bags at 10,000x todays prices havent even been born yet.

>> No.10109107

Heading to sub 3k

>> No.10109121

>>10109103
>there will only ever be 21 million
But you can copy and paste bitcoin's source code and print another coin, faster and feeless, whenever you feel like.

The more coins, the more competition between them. Competition usually makes an asset's price go down.

>> No.10109142

>>10109079
No the pamp came from wallst anclaps. Also i was actually using bitcoin back in 2011 to buy actual goods and accepted it as a means of payment online. Bitcoin was actually taking off before nigger capitalists turned it into muh digital gold hodl speculation vehicle.

Theres a reason we cant have nice things.

>> No.10109183

>>10109142
The pump came from diverse sources.
>Wall Street
>Obscure Hedge funds
>Solo traders looking for volatility (when stocks had none)
>Corrupt Korean exchanges
>Korean retail investors addicted to gambling
>Bitfinex
>Chinese miners
>Third world normies (November and December)

>> No.10109199

>>10109183
One word. Blockstream.

>> No.10109221

>>10109071
The thing is, millionaires don't have to invest in a highly volatile asset. It's usually the poor who are looking for quick gains.

>> No.10109240

>>10109221
it's like you think people with money don't want more money

>> No.10109255

>>10109103
The limit is irrelevant. Bitcoin can be whacked down to fucking 0.0000001. Its a decimal system so technically there is infinite bitcoin.

>> No.10109279

>>10109121
but, as proven with all the dozens of direct bitcoin clones that are totally worthless, nobody will ever mine such a shite literal clone and mining is the thing that makes bitcoin valuable
imagine the people who think that the cost to mine isn't the single most relevant factor in the equation of bitcoin's value, even if the volume (strictly on exchanges, in the age of pre-bitcoin (BCH) based commerce) is near zero

>> No.10109299

>>10109103
India is on its way from getting cutt off from the global telecommunications networks. That entire country is reaponisble for 90% of the scams and thefts of our markets. You think thats going to go on forever? Those little turd monkeys are about to get taught a lesson.

>> No.10109312

>>10109240
Of course they want more money, but they are going to prioritize highly liquid assets. Crypto is just too small for big players. What we need is something like an ETF which would allow investment funds to buy a share of the crypto market. But to be honest this may take years to happen. There's no reason why investment funds should invest in a market that is less than 10 years old. There's no demand for crypto (yet) aside from speculation, and society doesn't need crypto (yet), so why the hell would Vanguard invest in a risky crypto ETF that looks more like a pyramid scheme than an asset with a utility?

>> No.10109321

>>10109103

I'm not buying that BTC will be king forever. Most likely scenario is ETH takes over the market after this one is done crashing and useful apps built on it's chain become the new bubble.

>> No.10109332

>>10109255
21 million BTC
divideable into 0.00000001 chunks
results in 2100000000 BTC chunks which is not the same as infinity

>> No.10109349

>>10109279
>but, as proven with all the dozens of direct bitcoin clones that are totally worthless, nobody will ever mine such a shite literal clone and mining is the thing that makes bitcoin valuable

Let's say just 3% of all coins created pose serious competition to Bitcoin. Over time, competition intensifies anyway, even if most new coins go straight to zero. Increased competition means that even with the total market cap going up, the value of individual coins may go down over time. Total market cap has to increase at a rate faster than the creation of new (competitive) coins.

>> No.10109383

>>10109014
First day to sow your crops. Come harvest season, you'll have a greater yield.

>> No.10109425

in 5 years from now I have no doubt BTC will be over 50k each, I am patient and wage cucking in the prime of my life. This is an investment for boomers like me who see the problems with fiat and understand its unsustainable. BTC is great, fuck the haters, in 20 years from now I know my 5 BTC will be enough to retire on. I'm set

>> No.10109469

>>10109425
I hope you're right, anon, still this sort of bullish 'argument' sounds like wishful thinking to me.

>> No.10109496

>>10109312
it's like you think crypto won't/can't grow

>> No.10109522

>>10109496
It can grow. But does it have to? Just look at the top 300 coins. Most of that shit isn't needed. It's solutions looking for a problem. Why should we assume that demand for crypto will grow, aside from pure speculation and greater fool-type investments?

>> No.10109555

This is why I only really like ETH, BCH, and XMR. They seem like the only projects pushing for actual real world adoption and use. BCH especially.

>> No.10109626

>>10109014
It's done this before, at least twice. So in a year or two there could be a run up to a new ATH around 50K - 100K.

but it could just as easily never hit 15K again.

>> No.10109685
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10109685

>>10109555
checked

>> No.10109740
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10109740

Serious question from a crypto brainlet:
What can people say caused last years bitcoin runup and what could cause a repeat?

>> No.10109766

>>10109740
Each pump has its own explanation. In 2013 it was retail investors + price manipulation by bots taking place at Mt. Gox.

>> No.10109781

>>10109047
Should go to 4k~ if history repeats itself

>> No.10109797

>>10109522
keep in mind the average lifespan of a fiat currency is 27 years:

>It can grow. But does it have to?
it will as inflation really catches up (see: Venezuela)

>Just look at the top 300 coins. Most of that shit isn't needed. It's solutions looking for a problem.
the problem is fiat; their existence solved it

>Why should we assume that demand for crypto will grow, aside from pure speculation and greater fool-type investments?
countries/governments/banks are going to start pulling exit scams

>> No.10109815

>>10109766
well Gox had to rebuy all those non stolen bitcoin
it was just fair game to take advantage knowing this

>> No.10109846

>>10109555
What advantage BCH has over LTC? Except for stealing bitcoin brand.

>> No.10109863

>>10109846
https://memo.cash/

this makes BCH better than BTC, no?

>> No.10109879

>>10109014
It ran up and would have run up more had there been a commodities backed ETF to hype 401K money into. That ETF got not rejected but set ablaze by the SEC in January so the market panicked under a liquidity crisis in a speculative bubble.

There are new ETF rules and ETNs are pending approval. These are not the bullshit instruments like Grey Scale that can't adjust their NAVs and are forever fucked in OTC exchanges. The market has shown what it can do and sentiment was there to support 45k-100k BTC. It will happen again when cashing out looks possible but until then liquidity comes from shaking margin traders.

People who go myopic on charts because they can't grasp the metagame of crypto are just tiring. That run up is bullish as fuck for the metagame.

>> No.10109894

>>10109797
the last point in particular
soon, deutsche bank will go bust
this is satoshis vision
watch and learn

>> No.10109899
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10109899

>>10109766
In 2017 it was one crazy russian guy who was shorting 1$ with x100 leverage on BitMex.

>> No.10109927
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10109927

>>10109863
Turtle messenger is obviously better.

>> No.10109971

>>10109927
give link

>> No.10110012

>>10109971
It is too anonymous to give any links.

>> No.10110033
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10110033

>what is log

nigger

>> No.10110802

>>10110033
The challenge is for make ONE MONTH chart look bullish

>> No.10110827

>>10109121
This. All the forking and complete inability to scale has ruined normie confidence in bitcoin. This dinosaur piece of shit needs to die and let smart contracts take the lead.

>> No.10110837

>>10109383
Is this a subtle bitbean shill? I fucking love those things.

>> No.10110902

>>10109014
First sell off.

>> No.10110934

>>10109014

Zoom out

/thread

>> No.10110946

>>10110802
what about a yearly chart do those exist? lol

>> No.10110969
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10110969

>>10109014
y

>> No.10111081

>>10109014
We go above 7.5k make a higher low then test 9.5k

>> No.10111102

>>10110033
Do you really think this will happen forever, BIG FAGGOT?

>> No.10111139
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10111139

>>10109014
I know monster is more popular here but

>> No.10111172

>>10109014
This is your lots april/may 2013

>> No.10111184
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10111184

>>10110946

>> No.10111212

>>10111184
missing a few years there

>> No.10111293
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10111293

>>10109014

>> No.10111322

>>10111102
forever? do you know the current market cap of bitcoin ? Fucking nigger it hasnt even started

>> No.10111325

>>10111212
For some reason ice data not loading on phone >_>

Or maybe they stopped supporting btc?

>> No.10111461

https://www.recode.net/2018/4/23/17273766/andreessen-horowitz-separate-crypto-fund

>> No.10111826

>>10109014
Bounce at 5K, bottom around 1.5K-2K

>> No.10112811

>>10109321
correct. Remember the iphone app craze where app developers can turn millionaires overnight? Flappy bird, angry bird, instagram, snapchat, police radio scanner, find my iphone, etc...

Dapps will be the next craze.

>> No.10112855

>>10109014
Roger Ver, Jihan Wu, Calvin Ayre, The 8btc mod (19hZx234vNtLazfx5J2bxHsiWEmeYE8a7k), Jiang Zhouer, the bitcoin.com cofounder, the Coinbase founder - all BILLIONAIRES who can complete the flippening with their own cash TODAY.
They're not doing so because they'd rather invest in BCH adoption. BCH adoption is skyrocketing while btc adoption is dropping.
In a few years both St Kitts and Antigua will use BCH as their main currency (Roger is working on St Kitts, Calvin is investing in Antigua more money than their GDP exclusively because of BCH adoption), Craig Wright will increase transaction counts by circumventing corrupt governments in Africa for money transfers (this one is not certain but very possible considering his funding), Roger is speaking to VIP-s every other day, including Japanese bank CEO-s, stock exchange owners, etc. Brian Armstrong will push BCH and shit on BTC subtly every chance he gets, bitcoin.com wallet is the most popular mobile wallet and it literally shits on BTC, propaganda/censorship effects are fading, Purse just added BCH meaning that normies can use it to get 20% discounts on amazon, Koreans love BCH and they seem to matter at least as much as Americans and significantly more than eurofags, miners are looking for ways to destroy BTC in the next few years otherwise their profits will crumble, LN is proving more and more of a failure every single day, Wright will patent-troll startups into moving into BCH, tipping on github is now possible with bch, smart contracts are coming in November, stress tests are a massive success, charities are popularizing BCH in struggling countries (Venezuela today, others will join in if trouble arises), Free Society project is progressing well, Circle is adding BCH next few weeks, Ayre who became a billionaire from gambling is going to create BCH-only online casinos

>> No.10113215
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10113215

>>10109014
Make a bullish case for this.

>> No.10113271

>>10113215
at first I was like yeah another bullflag, now, I'm, fuck that's a double top. Somebody call the FED, more cheap money needed, fuck the poor, the Casino needs to go on

>> No.10113296

>>10109014
I will personally hold the price over 1k

>> No.10113500
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10113500

>>10109014

>> No.10113542

>>10113500

WE ARE THE MONSTER MARINES AND WE WILL NEVER SELL

>> No.10113562
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10113562

>>10109014

>> No.10113614

AAPL

>> No.10113647
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10113647

bullish as fuck senpai

>> No.10113659

>>10109014
candle roughly halved like it did before, now you have 2 years to accumulate before it goes insanely high

>> No.10114019

it's gonna go up some day.
> case closed

>> No.10114100

>>10111102
Internet money is here to stay.

>> No.10114274
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10114274

>>10114019
This is the reality.

1. Those with decent amount of BTC are just chill, quiet and observing. Not even saying anything bad against other alts.
2. Those with few to none are hyped and shill and calling names, predicting doom. They say BTC is root of all evil.

But in truth they are hoping to have more. And when they do, they become number 1.

>> No.10114293

>>10113542
lel

>> No.10114382

>>10109014
...buy the dip?

>> No.10114514

>>10109014
only about 4-5 million actual BTC availible for purchase. that is nothing in a world full of multi millionaires. low float, assets like BTC is how the dollar will survive hyper inflation.