/biz/ - Business & Finance

[Anonymous No.49779922]

How low can it realistically go?

[Anonymous No.49779984]

>>49779922
0

[Anonymous No.49779985]

courtesy of thickline bobo

[Anonymous No.49780018]

This >>49779984

No jokes.

[Anonymous No.49780059]

$10k btc
$500 eth

[Anonymous No.49780069]

>>49779922
0

[Anonymous No.49780120]

>>49779922
Give people a better alternative to buy drugs online and it should go to 0.
Maybe if governments made it illegal, and everyone would be rushing to get rid of any bitcoins under their name, the value could go negative. Like people paying you to take their bitcoins off their wallets.

[Anonymous No.49780159]

>>49779922
It can literally go to zero all it takes is for people to stop buying and once tether collapses people are gonna find out that all the money is crypto is fake.

[Anonymous No.49780172]

>>49779922
0 definitely possible. All countries could just ban it and use their own virtual stablecoins.

[Anonymous No.49780354]

>>49779922
I predicted this as well as the previous downfall and sold at high now and then. Based on my calculations:
~11-13k$ btc
~ 450-650 eth
it's the bottom then buy.

[Anonymous No.49780377]

>>49779922
the intrinsic value of bitcoin is 0 (or even negative if you factor in the cost of electricity to mine it)

[Anonymous No.49780413]

Considering things have only just got really bad and it's fallen from 30k a week ago I'd say quite a bit worse.

Bear markets last years, it's only just started and BTC is down 50% in mere days.

[Anonymous No.49780430]

Anyone that says 0 is either joking or just low iq btw

[Anonymous No.49780431]

>>49779922
15k

[Anonymous No.49780452]

Worst case scenario, all exchanges close the doors and everyone is forced to trade like the old days.

[Anonymous No.49780461]

>>49779922
people are saying $10k is the absolute bottom but they are ignoring the insane amount of leverage in the crypto game (and the Tether imaginary money printer)
$5000 is not out of the question

[Anonymous No.49780472]

>>49779922
5K.

[Anonymous No.49780557]

>>49779922
Till you lose everything and are forever poor.

[Anonymous No.49780577]

>>49779922
0

[Anonymous No.49780587]

>>49780452
You mean best case scenario

[Anonymous No.49780612]

>>49779984
fpbp
not saying that it will happen but it could realistically go to 0

[Anonymous No.49780618]

>>49779922
0

[Anonymous No.49780635]

>>49780587
Most people will lose everything because they keep their crypto into exchange wallets.

[Anonymous No.49780680]

>>49779985
Nice I was thinking the same thing

[Anonymous No.49780701]

>>49779922
How low can we go?
how low can we go?
how low can we go?
how low can we go?
Hooow low can we go?
hooow low can we go?
hoooooow low can we go?
Hoooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooow low can we go?

[Anonymous No.49780714]

>>49779922
A 1930s Great Depression retrace will put Btc under $1k

[Anonymous No.49780728]

>>49780452
Would be nice to see more people running nodes

[Anonymous No.49780743]

>>49780452
I miss when localbtc didnt have kyc

[Anonymous No.49780766]

>>49779922

You can buy $1 million of BTC today.

OR

$1 million in an irreplaceable oil/gas pipeline MLP yielding 8+% on the cusp of a red wave happening.

Which do you choose? Literally zero smart money going into crypto now because there's a generational opportunity in real productive assets.

[Anonymous No.49780781]

-0

[Anonymous No.49780810]

>>49779922
It will never go below 10 dollars. It's mathematically impossible.
Bobos who say it'll go to 0 are just spewing FUD.

[Anonymous No.49780892]

>>49780766
OIL
People will still need oil for the next 10 to 50 years. Meanwhile bitcoin is legalized gambling.

[Anonymous No.49781088]

>>49780892
Oil is going to get phased out faster than most people realize. Not because of environmentalism or warfare but because alternatives are cheaper and have an exponential adoption curve while Oil is stagnating. It's going to be displaced relatively quickly.

[Anonymous No.49781094]

>>49779922
It will keep going lower until morale !improves

[Anonymous No.49781176]

>>49781088
What alternatives are cheaper?

[Anonymous No.49781262]

>>49780892

I'd just be careful chasing retail darlings like XOM right now.

The only producers that represent a fair deal (or a tad over valued) are Canadian ie CNQ or minerals ie MNRL.

The best deal now really are pipelines. PAA still way below pre-covid and has some of the most exposure to benefit from a drill-baby-drill thing that will happen in the Permian. They are paying debt down this year but 2023 capital returns should accelerate. $30 totally possibly by 2025.

[Anonymous No.49781266]

>>49781088
There is no viable alternative to oil. Unless you plan to cull 90% of the global population

[Anonymous No.49781395]

>>49781266
This. You sit at home playing or vidya or jerking off to hc but you need to realize most of world is not like you.

2/3 of planet are Chinese/Indian or other Asian culture and the only thing they care for in life is family. At least Chinese don't have 100 babies but there's no stopping the pajeets from mass populating the planet.

[Anonymous No.49781698]

>>49781176
Depends on where you live. For most of the world it's solar, mountainous areas it's hydropower, flatlands with not a lot of sun it's wind power.

At least if we're talking about electricity generation. Combustion engine usage is also dropping because MPG efficiency is going up meaning the amount of oil needed to fuel demand for cars is actually declining despite more people driving cars, EVs are so insignificant in 2022 that they don't even register on the graphs yet.

But yeah oil is stagnation because places like Africa, India and South America can't afford oil and have to use cheaper renewable power instead.

[Anonymous No.49781784]

>>49779922
1s and 0s have no bottom because they have no value.

[Anonymous No.49781816]

>>49780172
Their own virtual stablecoin?
Yes yes. Maybe it can have a token physical process too. And you can access your accounts with this “stablecoin” with a plastic card. Perhaps these accounts could even lend out a fraction of this stablecoin to generate an interest rate.

Why didn’t cryptofags ever think of this??

[Anonymous No.49781838]

It’s truly over isn’t it?

[Anonymous No.49781844]

>>49781088
People still need plastic and gas for fertilizers.

[Anonymous No.49781868]

>>49779922
$12k and then crab for two years

[Anonymous No.49781918]

>>49780766
you're not wrong

[Anonymous No.49782052]

>>49781844
>Plastic
Actually cheaper to make from LNG which is the major source of plastics nowadays since most electricity generation is now natural gas based instead of oil (Oil only generates 3% of electricity in the world still).

Gasoline while the largest consumption of oil for sure is a declining market due to rising MPG efficiency and a stagnating and aging global population. Retired people drive less than working people. And Cars getting ~5% more fuel efficient every year means a couple % fewer demand for gasoline every year.

[Anonymous No.49782091]

Uhhhh, zero

[Anonymous No.49782116]

3k and it's going to stay there for one or two years

[Anonymous No.49782196]

>>49780120
The alternative already exists.

[Anonymous No.49782257]

>>49779922
You bought into a tokenized bitorrent without any content.
It has no utility or value or use case
Bitcoin is worthless.

In 2 months it will be a dead blockchain

[Anonymous No.49782296]

>>49782052
>And Cars getting ~5% more fuel efficient every year means a couple % fewer demand for gasoline every year.
Not really.
I own a 97 opel corsa, and my mpg is above modern cars because my shitbox is easily 400kg lighter.
Fuel injection did not change since the 90's, and most improvements come with the cost in durability. Internal combustion is stuck in time...

Also, We still need asphalt because kikes hate indestructible concrete roads.

[Anonymous No.49782349]

>>49779922
How low can it realistically go?

[Anonymous No.49782365]

>>49779922
10k

[Anonymous No.49782446]

>>49782296
I never said the engines got more efficient, I specified fuel efficiency. Better brakes, transmission, reduction in weight and even fucking tire patterns are increasing fuel efficiency

[Anonymous No.49782924]

>>49779985
What makes you think it's going to go up? Could just as easily keep going the same direction it's currently headed.

[Anonymous No.49782950]

>>49779984
Mathematically infallible floor

[Anonymous No.49782975]

20k is the bottom. 19k is a fake dump to trap leveraged traders.

[Anonymous No.49783041]

>>49782296
Brother used to drive one of these back in the 70's

[Anonymous No.49783045]

>>49782975
We are at 18 now...

[Anonymous No.49783142]

>>49783041
Absolute beautiful machine.

[Anonymous No.49783400]

>>49782446
The only thing I can agree that modern cars (last 10 years) improve, is safety. Everything else is adding bullshit stuff to justify a higher price.
>eletric steering wheels in tiny cars
>eletric hand breaks
>eletric mirrors
>bunch of retarded sensors, like, sensor to open the trunk in the slowest possible way
>touch screen everywhere
>muhh 30 motors to help adjust your seat
>huge ass console to eat fast food and to keep more distance from the passenger (after all, being physically close to your woman is gay)
Thanks to come to my TED talk

[Anonymous No.49783519]

>>49782257
>This fiat currency is actually worthless cause it doesn't hold utility other than exchanging for other goods.

Thanks for playing.

[Anonymous No.49783546]

7k

[Anonymous No.49783596]

>>49782975
anonchama...

[Anonymous No.49783691]

4 digits, maybe even 3.

[Anonymous No.49784484]

>>49779922
4K

[Anonymous No.49784534]

https://youtu.be/b1qj_ngyNYA?t=20

[Anonymous No.49784551]

>>49779984
but how many zeroes

[Anonymous No.49784646]

bitcoin $6000, eth $250

[Anonymous No.49784648]

>>49779984
no
even if bitcoin trades at zero, there are still people out there who locked in their price when it was higher
so the formula would be...
average price of locked in coins * number of locked in coins / 21 million

[Anonymous No.49784665]

>>49779922
0, unironically.

[Anonymous No.49784683]

>>49780701
>>49779922
>>49781838

Be sure to increase your iron intake anons; Budd Dwyer will teach you how.

[Anonymous No.49784708]

>>49779984
Who's selling btc for zero dollars?

[Anonymous No.49784723]

>>49779922
From my cold and unbiased calculations, the bottom should be around the $7k range.

[Anonymous No.49784726]

>>49780159
https://decrypt.co/47061/public-companies-biggest-bitcoin-portfolios?amp=1
Okay, retards.

[Anonymous No.49784734]

>>49779922
around 15.2k

[Anonymous No.49784773]

>>49780892
>legalized gambling.
Gambling is legal, moron.

[Anonymous No.49784782]

technically less than 0, since it's a waste of energy and bandwidth, and exchanges can begin charging you for holding a worthless thing

[Anonymous No.49784788]

>>49784726
december 2021

[Anonymous No.49784795]

>People expecting the bear market to be over within two weeks

This is going to go for 2-5 years when the economy really takes a shit.
Over time we might very well slide to 3-7k and stay there for the next few years.

[Anonymous No.49784805]

>>49782257
>It has no utility or value or use case
>Bitcoin is worthless.
Wrong.

[Anonymous No.49784861]

>>49784788
Okay and? Line go up line go down.

[Anonymous No.49785216]

>>49784861

[Anonymous No.49785277]

>>49785216
KEK

[Anonymous No.49785339]

>>49779922
I told you years ago what was really at stake, but you didn't listen. Now you've lost everything, and the fields stand fallow.

[Anonymous No.49785400]

>>49784551
yes

[Anonymous No.49785444]

>>49785216
please no.

[Anonymous No.49785484]

>>49785444
if you don't want to fall, maybe you shouldn't trip

[Anonymous No.49785505]

>>49779922
6k is the takeoff point

[Anonymous No.49785517]

>>49780431

[Anonymous No.49785518]

$3k like it was before the money printer started

[Anonymous No.49785522]

>>49780810
>It will never go below 10 dollars. It's mathematically impossible.

the difference between dropping to $10 and dropping to $0 for current holders of bitcoin is insignificant though

[Anonymous No.49785587]

>>49779922
I don't believe it can go lower than $200.

[Anonymous No.49785635]

Is there any intrinsic value? Like is it being used for drugs or is the entire market pure speculation?

[Anonymous No.49785730]

>>49785635
It's pure speculation, plus some people who think it replaces gold. Monero replaced Bitcoin as the black market unit of exchange many many years ago.

[Anonymous No.49785861]

>>49785635
every use case failed, so it was successfully rebranded as a store of value against the backdrop of QE and zero rates
since real rates will eventually go up, bitcoin is doomed in the long run
the only way bitcoin recovers in the short term is if the fed reverses course in the next couple months, after that it will have lost 99% of it's "value" from the peak and the brand will be destroyed

[Anonymous No.49785891]

>>49779922
Back to pre covid liquidity pump. So at least 9k before covid lockdowns started and possibly 3.5kish where btc was before the fed cut rates to 0 in special meeting.

[Anonymous No.49785917]

>>49785635
>Is there any intrinsic value?

even the dollar doesn't have "intrinsic value", whatever that is

[Anonymous No.49786010]

>>49785917
dollar has no instrinsic value, but it always has demand, if for no other reason than taxes must be paid in dollars (domestically) and it's the reserve currency used to settle many transactions (internationally). when the international use for dollars goes away, and the domestic use remains, u.s. citizens are going to get butt fucked

[Anonymous No.49786101]

>>49779922
triple dubs = 6 digits
$6

[Anonymous No.49786210]

>>49779922
To the moon!

[Anonymous No.49786233]

>>49786101
more like $0.06

[Anonymous No.49786307]

>>49779922
It's mathematically impossible for it go below 20k. Whoops, I meant 19k. Whoops, I meant 18700. Whoops, I meant 1k. Trust me guys, I've been trading stocks for at least 3 years now!

[Anonymous No.49786345]

>>49779922
0

[Anonymous No.49786359]

0, check em

[Anonymous No.49786383]

>>49779985
no one gonna talk bout that glitch 9k candle?