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28171226 No.28171226 [Reply] [Original]

Let's get this clear - Bitcoin is NEVER goin down, is it?

I mean the 2 global BOBO's happened 1st time when it reached around 20k - this is when people started freaking out and sold everything.

The next time it fell because of the global fucking pandemic.

As far as i see unless WW3 starts its going to be 200k EOY.

Am i wrong? What can tank it?

>> No.28172469

>>28171226
So am i right?

>> No.28173075

supply and demand.

>> No.28173266

>>28173075
care to elaborate?

>> No.28173493

>>28173266
People are already buying more BTC than can be mined. Give it a few months to see the real scarcity of BTC.

>> No.28173747

>>28173493
> people want something that they can't get

Doesnt this mean that the price will go up? I mean if people want something they will be willing to pay more for it.

>> No.28173882

>>28173747
Yes, I was elaborating on the supply and demand comment.

>> No.28174749

>>28173075
i was just starting to think about the supply side of btc forcing the price upwards later down the line.

>> No.28174851
File: 165 KB, 950x450, bill-gates-global-vaccinations-id2020-digital-identification-event-201-microsoft-vaccine.jpg [View same] [iqdb] [saucenao] [google]
28174851

What about the next iteration of GlobalPandemic.exe

>> No.28174918
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28174918

>>28173075
>>28173266
>>28173747
you elaborated your own question.
21 million coins, you lose if something happens to erase data and halt power. at that point only the type echelon elites can participate in continuity. the rest of us have bigger problems to worry about then losing millions in digital coin, when fold and water is scarce and even physical gold and silver purchase shit all. what I'm saying is yes, I believe Bitcoin will always go up. it has taken the digital gold spot, and as such will forever exist as a hedge to all electronic currencies. 21 million is a small number for many, and flecks globally.

>> No.28174938

>>28174851
can i pay my health insurance with bitcoin?

>> No.28175419
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28175419

80,000,000,000,000x0.10= 8.E12
8.E12÷21,000,000 (yes I know that's not the number as lots of crypto will exist to eat at that 10%, but to make things very conservative and easy at only a 10% capture at 2025) = $380,952.38 a coin. I watched Blade Runner 2049 last night for my second time ever and enjoyed it a lot more... the whole time I kept thinking about digital currency during the movie. highly doubt life gets even close to that in my time, but the world will be 100% digital. cash is dirty and a thing of the past with this virus world. you can't tax garage sales and under the table jobs with cash. people hate it, but I have a feeling XRP will also become a normal.

>> No.28175548

>>28174938
when they adopt it, yeah of course. people don't understand the magnitude of a figure like Elon Musk, richest man in world (on a Forbes list), announcing his company will accept Bitcoin. the train is coming into the station. the last years has only been the train smoke and becoming visible around the bend. adapt or die.