Bitcoin Supply Shock 1M Per Coin

[Greatest Wealth Transfer Since(...) No.24168656]

The thing about Grayscale is that Bitcoins go in and they never come out. Grayscale does not and explicitly says they will not ever have a redemption program. Meaning you can sell your GBTC shares, but you can never convert it to the amount of Bitcoin behind it. Essentially those 500K+ Bitcoin are locked away forever unless Grayscale allows redemptions but they are very adamant they will not due to legal and operational friction.

The estimated trading float of Bitcoin 6+ months ago was 2-3M coins. Meaning only 2-3M Bitcoin are actively traded (moved within the past 2 months) the rest are being held. ~12M have been held for over a year, and around 3-4M are considered lost forever. The supply shock is accelerating, the day trader idiots, weak hand noobs, shitcoiners and nocoiners are going to be rapidly priced out if things continue the way they have been over the past 3 months. Grayscale is buying 5,000+ per day, Paypal is buying 700+ per day, Microstrategy bought 475M worth, Square bought 50M worth, other institutions are actively looking at Bitcoin or entering. These are investors with long term time horizons, they are not day traders in it for a quick buck. The available supply of Bitcoin is rapidly diminishing.

Do not get overwhelmed by the moves we are seeing now and try to time short term tops or bottoms. Hold on to your Bitcoin as tightly as you can. It is the first finite resource in our known universe and people are realizing it. A price projection of 500K per Bitcoin is modest. At that price it has a market cap equal to gold. Bitcoin is better than gold for value storage, Bitcoin is better than off-shore bank accounts for value storage. Off-shore bank accounts hold an estimated 25T. Bitcoin at a price point of 1M per coin is less than that. This is a once in a lifetime opportunity, don’t screw yourself out of it.

[Anonymous No.24168835]

Have they found a way to break the current finanical system.
A real life infinite money cheat

[Anonymous No.24168850]

and I have 10 entire bitcoin all to myself
teehee

[Anonymous No.24168878]

>>24168850
If you can manage to hold it long enough you will be a very wealthy person.

[Anonymous No.24168938]

the supply is limited
but who will be the demand?

[Anonymous No.24168945]

Wouldn't Grayscale sell BTC when people sell GBTC in a bear market? Right now they're accumulating because a bull run is anticipated.

[Anonymous No.24168958]

>>24168850
btc is legit going to be 10m per coin in 2030

[Anonymous No.24168994]

>>24168958
why stop there?
why not 10 billion? why not 10 trillion?

[Anonymous No.24168996]

>>24168850
>>24168878
Obvious blockstream shills.

[Anonymous No.24169007]

>>24168938

[Anonymous No.24169018]

>>24168996
institutions and banks are legally forbidden from investing in bsv due to calvins money laundering charges / offshore casino ownership

its never going to happen. you're a mentally ill retard

[Anonymous No.24169130]

>>24169007
what use btc has?
besides the
>price go up
nothing
so once people realize that it doesn't have anymore up potential they will dump their bags again

[Anonymous No.24169170]

>>24169130
Ignorance and idiocy is your downfall.

[Anonymous No.24169186]

Bullish for truly solid next-gen ALTS like Union. https://unn.finance/wp-content/uploads/2020/10/UNION-Whitepaper-DRAFT.Oct_.2020.pdf

[Anonymous No.24169228]

>>24169130
Its a store of value that can be sent anywhere in the world without trusting anyone.

Its inflation rate is now lower than the official inflation target of central banks (real inflation is much greater) meaning on a long enough time span bitcoin will always go up.

The only way it cant go up is during prolonged deflation which is impossible in a fiat money system

[Anonymous No.24169255]

>>24169228
You can’t explain particle physics to a baby, don’t bother explaining Bitcoin, economics and monetary theory to an idiot. Not everyone is going to make it.

[Anonymous No.24169380]

>>24168656
I know absolutely nothing about bitcoin, I don't know what a smartcontract is, I've never understood what a blockchain was, but all I know is that I'm in it.

[Anonymous No.24169427]

>>24169130
while this guy doesn't realise that the premise for that would be being up thousands of percents on their investments, he's not wrong, there's gonna be a time when bitcoin whales are going to dump again, it's gonna be another bear market. but obviously bitcoin will be well in the 6 digit range by then

[Anonymous No.24169434]

>>24168656
Thanks for this anon. I used to trade shitcoins in 2017 now I'm a maxi (although I only have 4).

[Anonymous No.24169458]

>>24168656
source on this chart?

[Anonymous No.24169669]

>>24169228
>Its a store of value
it's a "store of value" only if other dumb fucks keep buying it to pump the price
>Its inflation rate
like randomly dumping 50% in a day? dollars don't do that, speculative assets do
>The only way it cant go up is during prolonged deflation which is impossible in a fiat money system
it can happen and it is indeed happening even despite all the new dollars being created lol

[Anonymous No.24169768]

>>24169669
Look at you big boy, figuring out the value is a collective delusion. However so shortsighted not to see that the value of anything is a collective delusion based on the properties of the item. Bitcoin has better fundamental properties to support it’s collective delusion. Greater than those of it’s competitors.

[Anonymous No.24169783]

>>24169669
nocoiner cope also retarded as fuck you dont even understand the points you quoted you dumb shit lol

[Anonymous No.24169792]

>>24169380
except we hit $3k this year

[Anonymous No.24169809]

>>24168656
I'm going to sell the top in 10 months and then buy the bottom and just hold it until the next halving cycle

[Anonymous No.24169839]

>>24169130
>why would people want to use a finite supply source of money that is digital and easily divisible as a medium of exchange while the entire fiat system collapses
Dunno man

[Anonymous No.24169923]

>>24169669
look at that 80 IQ nocoiner trying to argue, kek

[Anonymous No.24170143]

That's when literally everybody is overdosing on hopium and euphoria that you know top is close. I feel like i'm in a spatio-temporal loop and currently experiencing dec 2017 all over again, and others anons are so blinded by greed they can't even see the obvious.
Exact same pattern and memelines, exact same month, exact same bull rambling about adoption, exact same normans asking about it, exact same headlines on the crypto space and MSM...
EVERYTHING is like 3 years ago. The whales are fucking trolling you, just exit now while in the green, don't repeat the same mistakes...

[Anonymous No.24170267]

>>24170143
ok please sell you tard

[Anonymous No.24170294]

>>24170267
i alrdy did lol, you are the tard here.

[Anonymous No.24170310]

>>24170143
“The top is in after a few months of upside after a 2year hectic bear market” we hadn’t even crossed aths yet from the last cycle, once we flip that to support then we’re officially bull.

[Anonymous No.24170364]

>>24170143
Top kek

[Anonymous No.24170372]

>>24170143
Let's say I'm selling. Where am I going to put that money? Stocks and real-estate are inflated, fixed income is DEAD and cash is getting devalued 20% yoy if you ignore the meme cpi stats. And I wouldn't touch gold or forex if my life depended on it. Those markets are even more manipulated than crypto.

There is literally no alternative, even if BTC goes back to <$10K (which I doubt).

[Anonymous No.24170397]

I agree with you. A good option for traders should score profit in all aspects of the market. We just have to get enough garanties and min risks, like on Dymmax (dymmax.com) platform

[Anonymous No.24170476]

>>24170372
silver + TCG collectibles is my move personally

[Anonymous No.24170526]

Who fucking cares if the amoutn if finite the price will just adapt but it doesn't change anything, it being finite doesn't mean it's going to stay at a price or another, at the end of the day it's just fucking digital bytes in hard drives.

Now is the worst time to buy because people are going to sell to benefit and others will follow out of fear just like every fucking time and you're only seeking to inflate your little personal investment.

[Anonymous No.24170570]

>>24168656
Thank you Based Adam Back

[Anonymous No.24170605]

>>24170476
>calls Bitcoin a bubble at its top
>is going to invest in Pokemon cards

You cannot make this shit up.

[Anonymous No.24170619]

>>24169427
Yeah I think that too but what do they gain out of dumping? An inflationary asset in fiat? Whats the point? If you're a whale you're probably minted in both FIAT and crypto so why would they need to sell off there crypto?

[Anonymous No.24170668]

>>24170143
No fren. Right now is like 2016 not 2017. These are merely the bumps in the road leading to the foothills before the mountains of GBR

[Anonymous No.24170686]

>>24170619
To make money before others do it and you're left with a 10 inches penis in your ass? You really think people are going to cooperate and no one is going to want to make some buck out of his investment? All it takes is a little PUSH

[Anonymous No.24170724]

Whoa was the creation of Bitcoin the creation of the first finite resource in the universe? $1m eoy

[Anonymous No.24170776]

>>24168656
Absolute king.

[Anonymous No.24170983]

>>24170686
Yeah of course but if you don't sell then you have nothing to worry about right? Why would whales they see a dump start to dump as well and make a loss?

[Anonymous No.24171001]

1. hold bitcoin
2. take a loan against bitcoins to buy some properties
3. Flip them, rent them, make money while your bitcoins just growing

[Anonymous No.24171008]

>>24170668
Your post reek of 2017, you gonna get burn so hard i almost feel bad for you all...

>>24170605
Who said pokemon? I don't own any pokeshit. I've a huge position on RL mtg stuff and basically quadrupled my money over the past 3 years.
Also recently bought a tiny position on 1994 INWO (illuminati new world order) because the supply is really low, and even the normiest of normies are waking up to the fact they are living in a giant clown conspiracy to enslave, and eventually genocide, them. The game got a lot of visibility already few years back with 9/11 + pentagon attack + trump + julian assange, and i expect it to get even more visibility soon thanks to cards like CDC, pandemic, civil war, political correctness, etc... who are very related to current events.

Also pepe is now full mainstream, having hundreds of emotes on twitch, being posted in articles, by big companies and even embassies on FB/twitter etc. Nothing can stop the memeflow and i expect cards like The Frog God, who have been part of the culture around Kek mememagic since the very beginning, to become extremely sought after memorabilias.

[Anonymous No.24171046]

Bitcoin is extremely undervalued right now. It carries the functions of gold, but it costs a penny. Now there is a process of restoring its value. In fact, what is happening now is flowers, berries in front. Now, while there are no problems in the monetary system, when they begin, according to my forecasts, 2022 will begin something that you will remember all your life. It's even hard for me to find words to describe what will happen. If you don't buy bitcoin, you will regret it your whole life. According to my forecasts, in the most severe crisis of 2022-2024, the bitcoin rate will jump to $ 150,000 - $ 200,000, this is at least. Maximum takeoff up to $ 500,000 per coin.

[Anonymous No.24171205]

>>24171046
Quick, sell everything you own, max up your CCs and take out loans to buy as many buttcorn as you can. Nothing can go wrong, right? It's the path to infinite wealth, right?
I hope you put your wallet where your mouth is.

[Anonymous No.24171357]

>>24171205
Chill up.It's just a copypaste from russian /biz from 2013. Just changed years.

[Anonymous No.24171405]

>>24170143
>this is the top
This is the beginning of the beginning of the bull run. Enjoy missing out though.

[Anonymous No.24171572]

>>24170143
How are beartards this fucking stupid. We haven't even hit previous ATH and the top is in? Seriously? You faggots are hopelessly retarded

[Anonymous No.24171652]

>>24168996
holy shit USA is dead

[Anonymous No.24171708]

>>24170143
it was the same in june 2019...

[Anonymous No.24171714]

>>24168656
Anon how do you explain China then? They hold massive BTC reserves

If BTC hits $1M, it essentially means China owns the world. Would USA ever allow that to happen?

[Anonymous No.24171763]

>>24171572
Right, publicly traded companies are buying hundreds of millions of dollars worth of Bitcoin with a 5-10 year horizon but they bought the top lmao
Its a disservice to bears to call these tards bears because at least bears actually take out short positions and put their money on the line. These tards just try to FUD with no skin in the game either way, maybe a couple hundred bucks in Link or something

[Anonymous No.24172156]

>>24169018
>It's illegal, not going to happen

[Anonymous No.24172235]

>>24171763
Beartards are too stupid to buy LINK. They just hold precious metals and FUD BTC and other crypto non stop. Fuckin chicken littles, the sky is ALWAYS falling. Im gonna start screencapping these posts to repost in late 2021 when we're laughing to the bank.

[Anonymous No.24172529]

>>24168996
go kms yourself

[Anonymous No.24172581]

>>24169809
>I'm going to sell the top and then buy the bottom
Excellent trading strategy! I admire you clairvoyant powers. Could you tell me the next eurojackpot numbers while you're at it?

[Anonymous No.24172781]

>>24171001
How so I take a loan against my btc ?

[Anonymous No.24172844]

>>24171714
This is a good q

[Anonymous No.24173037]

>>24172781
BlockFi is the only entity that lets you do that right now to my knowledge

[Anonymous No.24173058]

Please, try duckdao.io and share your opinion about it.

I think it is an a good solution to connect both crypto game and investment system with long-term partnerships

[Anonymous No.24173077]

As far as I know soon the Uniswap will meet real competitors on the DeFi market. As far as I know, the has all odds to rise even higher tothemoon. What do you think?

[Anonymous No.24173090]

>>24171008
lmao stay poor

[Anonymous No.24173143]

>>24172844
And honestly I've never heard a good answer for it

I'm all in on Bitcoin being a store of value like gold. But given China's dominance in both mining and holding Bitcoin, I can't ever imagine the western world adopting it en masse

[Anonymous No.24173141]

>>24168994
The concept of the calculation is to understand "excess capital". So in basics:
* No one is buying $120M manhattan condos because its smart use of money per sq/ft for living space
* No one is buying Gold because they like shiny metal
* No one is buying non-dividend paying stocks for any cashflow reasons
* No one is buying a $50m Jackson Pollock painting because they think it looks cool
These things are all just various "SoV" (ie. alt bank accounts). This is what BTC's competitors are.
If you add up all the "excess capital" in stocks, art, gold, real estate you come to a Total Available Market of about $100T - thus if BTC can capture 5-10% of that puts us around $5-10m potential per BTC

[Anonymous No.24173187]

>>24168656
Somebody with a functioning brain on biz? I must be dreaming.

[Anonymous No.24173229]

>>24173143
>dominance in both mining and holding Bitcoin
imagine failing at game theory so bad you wind up poor

[Anonymous No.24173902]

>>24173229
Explain to a brainlet pls anon