4chan archive /biz/ (index)
similar threads
2021-02-12 03:17 28505680 Anonymous Its over, isn't it? (s-l400.jpg 400x400 79kB)
How many months until 1 BTC becomes completely out of reach of the average person?
(You could say it already is desu)
I have a little over 0.70 BTC but I have this feeling that I wont actually ever get to 1 BTC, that some how im going to get insanely priced out in a few months time, and that the price will never come down again after this year, with all the big dicks coming into the game.
2 min later 28505877 Anonymous
Its not financially savvy for them all to buy the top. They gonna get dumped on. Resist the FOMO.
2 min later 28505901 Anonymous
>>28505680
>acknowledges you can buy fractionally
>thinks btc will be out of reach
Ygmi
3 min later 28505930 Anonymous
You had 10 years and one more shot in march/april last year
4 min later 28505996 Anonymous
>>28505877
Nobody is selling
You have a nice list of institutionals ready to jump in
If you sell them your btc for cheap they will be happy to buy them all
5 min later 28506115 Anonymous
>>28505877
>They gona get dumped on
By whom? Its make or break for BTC this year.
You could be right, but you could also be very wrong, you could be so wrong that people here reading your bearish posts might just miss out on a future potential where BTC 100Xs from where it is now.
Or it could go down and crab, or crash completely to nothing.
But I have a feeling its not going to go the way the bears want it to.
I feel like December to Now wasn't even the start, that the golden bull runs is coming sometime this year soon, and after that, it's fucking GG for any average person to ever think about being able to ever accumulate a single coin.
8 min later 28506339 Anonymous
>>28505930
I was very high level FUD for BTC from its very inception.
I avoided it, then 2017 happened, and it hit 20k, and then crashed, and after that happened, I assumed my FUDDING for the previous 5+ years, was all 100% accurate.
Then I thought the 2018-2019 period was just people COPEING about BTC being a thing, I thought it was honestly dead at that point, but then 2020 happened and changed everything.
These are things you can predict, and chances are, if I did buy back in 2012 when I first started looking, that I would have sold a long time ago and taken profit, its very unlikely that I would of held all these years, and going by how much BTC the average wallet has now, it seems like 98-99% of people who held BTC back then have already sold long ago.
Considering only 2% of wallets have 1 BTC or more....yeah, I dont think most people held onto their BTC.
9 min later 28506383 Anonymous
>>28506115
>the crypto bullrun never actually ended
9 min later 28506391 Anonymous
>>28505680
1 BTC is probably already out of reach for the average person. It's almost the average US annual wage. Wage cucking and saving for that is going to take years and years. Why do you think they're saying it's a toxic frat boy coin that too many white males own and that more women and minorities need to own it too?
Normans are also highly susceptible to the unit bias fallacy so once we switch to sats as the basic unit they'll then finally shut the fuck up, buy and feel rich, even though nothing actually changed percentage wise.
10 min later 28506526 Anonymous (head.jpg 1600x1600 124kB)
16 min later 28506975 Anonymous
>>28506383
It didnt.
We're getting jumps in price every time 1 new company utters the word Bitcoin.
What do you think some normalfag company like Apple announcing BTC in any form?
>>28506526
Head and shoulders your a nigger tongue in my anus
16 min later 28507033 Anonymous
>>28506391
But anon, women make more money than men.
18 min later 28507163 Anonymous
>>28506391
>Why do you think they're saying it's a toxic frat boy coin that too many white males own and that more women and minorities need to own it too?
Nobody says that
20 min later 28507323 Anonymous
>>28505680
10000 btc : god
5000 btc : kings
1000 btc : big ceo
500 btc : drug lord
100: medium ceo
50: inventor
10: small ceo
5: doctor
2: engineer
1: programmer
0.5: larp knight
0.1: merchant
0.01: farmer
0.001: peasant
<0.001 btc: slave
nocoiner: meat
20 min later 28507337 Anonymous
>>28505680
Put your BTC on CREAM as collateral. Loan half the value to buy 0.35 Bitcoin
Pay back loan when 0.05 Bitcoin is worth your loan. There. Welcome to the Citadel bro
21 min later 28507367 Anonymous
Question, why do people here think BTC is going to crash, when its starting to be used by large global corporations as a way to hedge against hyper-inflationary economic strategies of all governments around the world?
We have 100% guaranteed no interest rates going up for at least 5 years, and mass printing on fiat, and this will obviously not just come to a halt at 2025, it will most likely carry on until the end of the decade at least, that means companies are going to be looking for ways to store their cash somewhere to avoid being inflationraped.
Aside from a blackswan event, whats actually stopping this shit from going to the moon well beyond what anyone here assumes it could goto?
If BTC reaches a gold-tier status, becoming a reserve currency, you're looking at $10,000,000+ USD/coin.
21 min later 28507369 Anonymous
right now i'm just trying to ride enough shitcoins to get short term gains to get my 1 BTC
was unironically too poor for the $4k dip a while back, which sucks
21 min later 28507449 Anonymous
>>28505680
lol Jay Z bought BTC its going fully mainstream corporate. It's over, anons.
22 min later 28507515 Anonymous
>>28507449
>Jay Z bought BTC
he be coin b doin somedin
24 min later 28507701 Anonymous
>>28507323
>tfw barely above merchant
I've got enough in stocks that if I sold I could get to 1. Is it worth it?
25 min later 28507752 Anonymous
>>28507367
That's what I'm thinking, it's a no brainer really. I'm putting most of the profits from shitcoin pumps in btc and a little bit in eth.
30 min later 28508111 Anonymous
>>28507701
you should DCA in
30 min later 28508156 Anonymous
>>28505877
>buy the top
When BTC completely swallows gold's $9T market cap it will be about $600,000 per coin.
33 min later 28508434 Anonymous
>>28508156
BTC actually exists too.
Most of the largest gold and silver reserves haven't been audited or even independently seen longer than most people here have been alive.
36 min later 28508662 Anonymous
>>28507367
It'll still crash. It's just that widespread adoption leads to even more people trying to frontrun each other and piling in quickly, inducing further FOMO, etc. But what this means is that it could peak at a value far greater than many people expect. Maybe it'll only be 100k, maybe it'll actually reach 288k like the SFXA model predicts. Who the fuck knows.
But overall, you're correct. It's expected that each cycle will have diminishing returns compared to the previous cycle, but the corollary to this is that crashes will also be less severe as well. For example, if BTC only goes to 100k, a 5x compared to the last peak, then that's only 1/4th as much of a logarithmic increase as the last time when it went from 1k to 20k. But we might also expect that instead of dumping 85%, it'll only dump, oh say, 60%. Personally I predict the bottom during the 2022-2023 bear market to be in the 30-50k range.
36 min later 28508666 Anonymous (5tkb1p3sp3531.jpg 1917x810 80kB)
>designed to be the currency of the people
>gets so high in value normal people can't afford and it becomes just another way for the wealthy elite to flex on the common man
39 min later 28508871 Anonymous
>>28505877
>>28505996
>>28506115
>>28508156
sheer delusion. painfully obvious that each of you is new around here, welcome. Bitcoin is not safe from another crash, and no "muh institutions" aren't going to save it. they make money...and they'll sell when the market winds change. this kind of delusion that you all are showing is the same exact shit that happened in 2017. BTC was talked about everywhere, every mom and pop was buying it......and for no reason at all the market started tanking, tried to recover over the course of a week.....and then fully shit the bed and took a couple years to recover.
this shit is not safe. take profits when you can. don't be a fucking retard.
39 min later 28508918 Anonymous
>>28508111
Will I make it at $100 a week into btc?
40 min later 28509055 Anonymous
>>28507323
>tfw when programmer
What I do in this life will be the same after the btc revolution.
40 min later 28509067 Anonymous (1610654701575.jpg 960x560 30kB)
>>28505680
you will be able to buy loads when it collapses and you baghold for literally forever
41 min later 28509143 Anonymous
>>28508871
The guy who says "its just like 2017" calling me delusional.
Have you been in a coma for the last year cunt?
43 min later 28509275 Anonymous
>>28509067
Its not a bubble retard fuck.
You think Housing is bubble? No, the price house increasing is because the dollar is losing its purchasing power.
The same shit applies to Bitcoin, but 1000x more.
What you think is a bubble is actually just fiat currency rapidly losing its purchasing power.
44 min later 28509402 Anonymous (hodl_retard.png 940x885 395kB)
>>28509275
keep hodling nigger
45 min later 28509421 Anonymous
>>28509275
that is the literal definition of a bubble, you fucking mongoloid. just get off the internet before you say anymore retarded shit
49 min later 28509860 Anonymous
>>28509421
Losing purchasing power doesn't mean a bubble, its just means governments are printing crazy amounts of fiat and therefore people have more money to throw into assets like property and crypto.....
This inflation is CONFIRMED to continue AT LEAST for another 5 years, so you're going to get AT LEAST another 5 years of fiat being hyperinflated and all that money people will be looking to store value of those dollars, and they will be using Bitcoin to do this, because not all of them will be able to just do the property investment game.
This is what you dont understand, but I dont give a fuck, keep screaming bubble while you get priced out of ever owning any kind of asset.
52 min later 28510044 Anonymous (ropes.jpg 1600x1225 1245kB)
>>28509860
which one will it be?
53 min later 28510135 Anonymous
>>28509402
>BRO SELL YOUR ASSETS RIGHT NOW BRO!!!! IGNORE THE FACT EVERY GOVERNMENT N THE WORLD IS SPAMMING OUT FIAT AT AN HYPER-INFLATIONARY RATE FOR THE REST OF THE DECADE, JUST SELL NOW!!!!! WHY WOULD YOU WANT ALL THOSE YEARS OF HUGE GAINS BY OWNING ASSETS THAT WILL BE DRAMATICALLY INCREASING IN VALUE DUE TO PEOPLE LOOKING FOR WAYS TO STORE WEALTH? NOOOO JUST SELL NOW AND GET PRICED OUT OF EVER OWNING ANY ASSETS FOR THE REST OF YOUR LIFE BRO!!!!!
53 min later 28510146 Anonymous
>>28509860
>Losing purchasing power doesn't mean a bubble, its just means governments are printing crazy amounts of fiat and therefore people have more money to throw into assets like property and crypto.....
exactly. that is a bubble. people are using printed money to buy assets, and now assets are vastly overpriced for what they're worth, and when interest rates go back up and things start deflating....all this overpriced bullshit is going to cause a lot of people to lose everything.
53 min later 28510176 Anonymous
>>28507163
There have been several articles in the last month alone based on that premise.
55 min later 28510303 Anonymous
>>28510146
>when interest rates go back up
AHHAHAHHAHAHAHAHHAHAHAH THATS NEVER HAPPENING AGAIN IN OUR LIFE TIME BUDDY
BHAHAHAHA NO WONDER YOURE BEARISH LOLOLOLOL
FUCKING IGNORANT FUCK
HE ACTUALLY THINKS INTEREST RATES ARE EVER GOING UP IN OUR LIFE TIME
F U C K I N G L O L
HAHAHHAHAHA
YES, YOU WILL OWN NOTHING, AND YOU'LL BE HAPPY. KEEP WAITING FOR THE INTEREST RATES TO GO UP, ENJOY THE NEXT FEW DECADES LOL
57 min later 28510471 Anonymous
>>28510303
damn bro. is this what happens when you get proven wrong? you start freaking out and typing in all caps? I knew I was chatting with a little virgin loser. never gonna make it, man. is this baby's first bullrun?
58 min later 28510584 Anonymous
>>28508871
>no "muh institutions" aren't going to save it. they make money...and they'll sell when the market winds change
FED isn't going to fix asset hyperinflation nor raise interest rates anytime soon anon
they are in full MMT and sooner or later to keep people quiet and enslave them forever they will just push for UBI with a shitty CBDC that keeps bleeding value if you don't spend the fake dollars to buy the iPhone 15 Pro. then back to the cagie, wagie
the unlimited fiat printing wind keeps blowing only in one direction
do yourself a favor, buy BTC
58 min later 28510596 Anonymous
>>28510471
You're a full blown retard if you actually think interest will ever come back kek
1 hours later 28510795 Anonymous
>>28505680
The only way to be sure if it's all ogre is at the bottom of the bear market in 1-2 years. If bitcoins following ATL is above $100k then yeah I'm fucked. But I think it'll be more around $30k-$60k. Sell the top of this bull, hold cash and yield farm, buy the bottom of the proceeding bear market. Retire by 2030 latest
1 hours later 28510835 Anonymous
>>28507323
Haha I'm meat haha
1 hours later 28510853 Anonymous
>>28510146
Caps lock autism aside, let me just explain to you something because you obviously dont understand whats happening in clown world.
The ruling elite of the world and their wealthy minions, and their upper-middle class followers, have realized, all of them cannot afford any kind of interest rate hike, not even a small increase, none of them can withstand it, all of them are over-leveraged, all of them, they have the power, and theyre the elites, and they will do everything in their power to ensure their system doesn't collapse, and they will kick the can down the road for the rest of the century and beyond.
This is what you dont realize, you have to understand, the asset class is the ruling elites, and they control the interest rates, and they will not let them rise, they will and are causing hyperinflation to ensure they maintain all of their assets, and theyre doing this at the cost of priceing out everyone else, and every future human, that will never be able to afford to own anything besides bare necessities, climate change, minimalism, and veganism is also tied up in this, they want everyone being a minimalist, everyone being a vegan, and everything using nothing and owning nothing to "save the world" in reality you're being conditioned to accept having nothing, and you wont complain when a house is completely out of reach, because you'll be okay living in a pod, its environmentally friendly, a nice house isn't, so what if you can't afford it because hyperinflation caused the prices of property and other assets to go beyond you ever owning them? So what if you can't afford meat, you're a vegan, you dont want meat anyway, so what if you dont have a lot of room for stuff, you're a minimalist
TLDR: You're being prepared by the elite to own nothing and be happy
1 hours later 28510948 Anonymous (1603742691811.jpg 1080x1080 400kB)
>>28507369
sheople were panic buying toilet paper at 4k.
why do you retards waste your time with shitcoins. If you need more exposure to risk, learn about leverage trading in bitcoin. At least this way you'll learn more about the stock to flow model
1 hours later 28510991 Anonymous
>>28510146
>when interest rates go back up
moron
"European Central Bank Executive Board member Fabio Panetta said a digital euro might be the innovation that sees negative interest rates passed directly to consumers."
https://www.bloomberg.com/amp/news/ articles/2021-02-10/ecb-s-panetta-s ays-digital-euro-may-come-with-a-pe nalty-clause
MORON
M O R O N
ABSOLUTELY RETARDED
1 hours later 28511353 Anonymous
>>28510146
Honestly, there's no way they can raise interest rates without completely crashing the system. The entire financial system is at low interest rate life support right now. If they increase interest rates even marginally everything will come crashing down. People will lose their retirements because their investments crash, their houses because they can't afford their mortgage anymore.
1 hours later 28511383 Anonymous
>>28505680
be thankful you have .1
1 hours later 28511410 Anonymous (1609897110420.jpg 462x557 65kB)
>>28510303
So this is what happen when a closed-minded boomer gets close to the realization that free endless money is not possible.
1 hours later 28511650 Anonymous
>>28507163
This year you will see the final death rattle of people not wanting to move into the space or realizing that they're forever priced out. It's crabs in a bucket mentality, and they will try and wildly cancel crypto at some point. Expect a huge media blitz on the following topics:
>It's used by white supremacists/terrorists - obviously ignoring that so has fiat and every other technological innovation before regulations were placed (there was a real fear around cell phones being used for criminals back when they first came out, I shit you not)
>Gamergate 2.0 - blue checkmarks cannot stand that the same people responsible for gamergate have somehow led a financial revolution and are now financially set for life whereas SJWs crying on twitter continue to work as baristas. Expect lots of impotent wailing, but no matter what they say at the core of it is they're butthurt they didn't catch the train in time
>It's bad for the environment somehow, when 15 years ago these same liberal faggots were creaming their pants at an all digital future
>Something about sexism/racism. The media will allude that minorities are too stupid to know how to use cryptocurrency and therefore it isn't fair that white people and asians will be much richer than them. Media will also say that everyone in the crypto sector is racist/sexist and discriminates against women and minorities, when this is one of the least sexist/racist industries to work for because unless you're a front facing marketer everyone is anonymous. I work in the industry and only know the real identites of my bosses, everyone else just uses psuedonyms. I could be working with anyone, and as long as they get the work done I don't give a single fuck.
Just saying, it's coming this year. Be ready. Screenshot this post if you want.
1 hours later 28511724 Anonymous
>>28511410
Hey, I was bearish for the last decade, and I watched people become asset rich while I beared out on the side, like a confused retard, not understanding what was happening.
Then I realized the ruling class is literally doing this deliberately, I use to make fun of people who FOMO'd but in these conditions, it is literally a constant state of FOMO for the last 10 years, and depending on where you live, 15 and 20 years.
The FOMO is not going to end because the powers that control interest rates will lose their power if they try to raise them, because the entire system will collapse.
By being bearish, you're literally betting on the entire system collapsing, so at that point, why wouldn't you just jump in? If you're right, the system collapses, and everything goes to shit and nothing matters anymore, so you're basically just sitting on the side-lines forever, and it will remain that way for your entire life.
1 hours later 28511871 Anonymous
>>28511650
What will happen, if BTC becomes a reserve currency and (8 figure/coin) - they will probably create some new tax, like a BTC tax, so you'll be taxed at like 50% or 90% or something insane, for selling your Bitcoin.
Thats the only realistic "FUD" for BTC now.
1 hours later 28511886 Anonymous
>>28508918
If BTC stays at $48,000 for the next decade it'll take you about nine years to get a full BTC.
1 hours later 28512175 Anonymous
>>28505680
Any price above $10,000 is out of reach for the average person that would speculate on BTC, the scenario you speak of happened a long time ago. This is why the normie coin this time has been Dogecoin so far instead of Bitcoin or Ethereum like last time
1 hours later 28512478 Anonymous
>>28512175
dogecoin is a distraction moron
you better start buying fractions of btc
1 hours later 28512886 Anonymous
>>28506115
Delusion, "it's a new paradigm", literally the last identified phase before bear market starts
1 hours later 28512914 Anonymous
>>28511410
Based on what I've read in housing threads on here, the government increasing interest rates now would instantly cause a recession, if not a straight-up depression. They have an incentive to not do that because they don't want to make Biden look bad
>free endless money is not possible
It is possible, you're just going to get Zimbabwe on the ass end of a "free endless money" scenario
>>28512478
I bought 5 BTC when it was under $10,000 that I'm still holding
1 hours later 28512969 Anonymous
>>28508662
Smartest comment here
1 hours later 28513062 Anonymous (02f.jpg 655x527 60kB)
>>28511886
Guess I'll end up an eternal LARP Knight then.
1 hours later 28513197 Anonymous
>>28512886
>"it's a new paradigm"
It literally is though. Like, not in a meme way or hopeful way, it literally is extremely different this time, no one could have ever predicted it, and its all thanks to the virus and the economic measures put in place by all governments around the world.
Again, this has just accelerated Bitcoin's rise, and adoption of cryptocurrency in general.
1 hours later 28513393 Anonymous
>>28512969
Hows it smart?
He thinks an asset like BTC is going to get netloss/$0 injected into it for the next several years on average while fiat is being spam printed more than ever before in history????
So where is this extra money going to go then if you think massive amounts of it wont flow into Crypto...?
Logic...
1 hours later 28513456 Anonymous
>>28513197
>
unironically, i will sell soon. I might miss big returns, but this is my first time doing some risky investment, and i will literally go by the book. And the book describes pretty much exactly the behaviour i read on forum like biz and crypto prices. I think there is less than 2 months before correction happens
1 hours later 28513653 Anonymous (B49AF066-5999-4BDB-A805-39FCDD575989.jpg 678x381 36kB)
>>28505680
And here is your answer
1 hours later 28513700 Anonymous
>>28513456
Bro, use your head, put 1+1 together
Governments = Printing money at an insane rate, and have confirmed they will do this AT LEAST until 2025 and WILL NOT increases interest rates AT LEAST until 2025.
If youre going to sell, at least wait until 2025 when the hyperinflation is "supposed to" end. (chances are it wont)
You'd be retarded to sell an asset in this environment, absolutely retarded, especially knowing we're going to get 5 years of this shit, AT LEAST.
Tell me, would you sell a house right now? knowing what interest rates are going to be for the next 5 years? Of course fucking not. Not unless you really just didn't give a fuck about maintaining your wealth.
1 hours later 28513862 Anonymous
>>28513456
biz isn’t representative of the real world but sure keep living in that strange fantasy
1 hours later 28513928 Anonymous
>>28508662
>I predict the bottom during the 2022-2023 bear market to be in the 30-50k range
This is correct
>it could peak at a value far greater than many people expect
I'm not really sure what you meant here. I've seen predictions as low as $100,000 and as high as $420,000 on here before, and based on the rainbow graph it looks like the peak will be at $180,000. The predictions are all over the place
1 hours later 28513935 Anonymous
>>28513456
>shit's collapsing
>"yeah, I'm going by the book"
1 hours later 28514033 Anonymous
>>28513456
pussy
1 hours later 28514041 Anonymous
>>28508666
ever heard of fractions nigger
1 hours later 28514239 Anonymous
>>28513700
houses and cryptos are very different assets. Between 4 btc and a house i would not hesitate (i don't have that kind of money anyway)
I am only talking about crytpos not all assets.
>>28513862
well everyone is buying cryptos, bitcoin on the news, etc.... It's funny because i read a book that exactly described that. Even seasonned traders and investors fail to recognize the top as they are blinded by optimism and the whole hype. the top does not look like the top, it looks like there is so much more ahead. It's like a mindgame.
1 hours later 28514329 Anonymous
>>28514041
>$20 transaction fee
>Third world fags priced out
1 hours later 28514349 Anonymous
>>28513456
Most of these assets are not even growing to keep up with the rates of current Fiat creation.
What you are actually seeing are assets leveling off or even going down in the middle of a massive currency devaluation.
1 hours later 28514392 Anonymous
>>28506391
I agree with the general notion that 1 BTC is already out of reach, but confuse your polcel bait articles for actual opinions. Normal people see bitcoin and theyre just afraid, literally...their whole lives and self image revolved around work and labour and the holy savings account, and then there's Bitcoin which has seen these insane value jumps every year and now its worth almost 50.000 USD?! They feel like its already out of reach for them, most don't realise they can just buy bitcoin fractionals.
1 hours later 28514549 Anonymous
>>28511871
Dude, you dont sell it. Just loan money against it. Rich people dont sell scarce assets.
1 hours later 28514878 Anonymous
>>28508662
>>28508662
>Personally I predict the bottom during the 2022-2023 bear market to be in the 30-50k range.
This bull market might last for 3 years though. The effect of having figures like Elon combined with the confidence gained from the fact that we recovered so well from 2018 crash means that people will hodl much tighter i think
1 hours later 28514978 Anonymous
>>28505680
No one has the money to chuck in nearly $50k for 1 BTC except boomers on the brink of retirement and a very small minority of zoomers/millennials/gen x who are making six figure in finance/tech jobs. Normalfags are 100% priced out. I was talking to my friend yesterday who wants to get into stocks and i told him you need $25k minimum if you want to day trade. He told me thats more money than he has ever had in his entire life. I did not tell him how much I have in shitcoins because it would have made him feel like shit.
1 hours later 28515411 Anonymous (49A81786-FB10-4B1B-AF15-6BFA043DF1FC.jpg 1080x1350 199kB)
Reminder that the guys here that spout FUD are the guys trying to get you to buy their newest rugpull shitcoin
1 hours later 28515438 Anonymous
>>28510584
can you profit off btc or is it an alt currency meme?
1 hours later 28515730 Anonymous
>>28505680
Its already out of reach for normal people, and has been since like 10k. The biggest problem are the fees.
1 hours later 28515814 Anonymous
>>28506391
Imagine when president kamala gives 1 BTC to every minority woman in 2024 as part of an equity stimulus plan.
2 hours later 28515940 Anonymous
>>28507323
no ice, I'm a doctor
2 hours later 28516051 Anonymous (file.png 306x282 233kB)
>>28505680
stop saying that I need to buy more
10.210 0.194