We wuz the early adopters

I hope you are right user

Will bitcoin keep halving indefinitely?

internet was 20 years old when the dotcom bubble popped

>not knowing the very basic gestalt of how bitcoin works
>the absolute state of Jow Forums

these are the faggots shilling and buying chainlink and nano and fudding btc.

I hold both link and btc

>fifth historical bull wave
When will this take place?

Bitcoin already peaked. "Early adoption" and "muh bull/bear cycle" is just a meme created by whales so you won't sell your bags while they keep dumping. Bitcoins been around for 9 years and everyone knows about it last winter was the closest thing to "mass adoption" that this shit was ever going to get

2017 was the Peak of Inflated Expectations.

And 14 years later was back to it's 2000 peak. And 6 years after that has doubled.

Crypto will come back and be fine. People just don't have any patience. We may see a two year bear market. Time will tell.

The thing is, for bitcoin to keep going up in value, there has to be people buying it...why would anyone buy it for the price to keep going up?

Why does anyone buy Gold? That's just one use case. Give the tech time, more will follow. If you can't see the writing on the wall, I can't help you. Major players are building a trading infrastructure.

Bitcorn will go to $1 million but it has to go to $3 first because muh triangles said so

Greed and fomo

So BTC is digital gold that wealthy people will park their money in? I can get behind that idea.

Nope, not wealthy people exclusively. Mostly millenials, as they are comfortable with technology. Boomers parked their wealth in gold. This doesn't even account for aanother financial crisis further eroding confidence in traditional markets.

If traditional markets tank, crypto will tank even harder.

Greatest generation parked their money in gold, boomers parked theirs in stocks, younger boomers (this generation) in crypto.

i remember the first social media site in 1999. pre-myspace. it took nineteen years for it to become completely mainstream at where we are now. btc was sleeper phase till like 2015... nobody was wiring money to japan to buy it.

technology moves fast but people still move slow. come again in 2027/28 - if it hasn't hit critical mass then maybe it will never catch on.

Why would digital gold like btc keep growing though? Dumbass normies live paycheck to paycheck.

nice meme. crypto price action is not correlated to traditional markets

>I Bought At 20k: The Post

nobody knows. bulls are speculating that it has worth as digital gold, ie. people want to move money/store of value. speculating on etfs and institutional interest, speculating that like social media, people will buy it if offered.
i'd rather hold a portion of btc that i don't trade than commit suicide when it blows up even bigger than 2017.

Which is exactly why it will keep growing. There will come a point when bitcoin is completely mined, meaning no more dilution. Once this happens, it will become as stagnant as any other currency. There’s literally no difference between the DXY index being 95 and the BTC ‘index” being $1M. There are just obviously more dollar bills in circulation than there are btc. This is why the dollar will continually decrease while gold will continually increase.

i'll give you another example - i was a bear on goog in 2007 and amzn in 2008. i bought amzn at $70 and flipped it. i didn't buy aapl stock and bought some meme chinese solar stock instead.
there's a lot of attention on bitcoin... it's the same sort of hype the mainstream media gave those companies back then.. can't ignore it this time around.

If the stock market tanks, something as volatile as crypto will tank even harder...this will also be the perfect time to accumulate.

I'm a little confused..why would it keep growing if people don't buy into it...a majority of people don't invest their money.

historically there is no evidence of your statement being true. many people hedge 1% of their wealth into crypto due to the fact it doesn't correlate with anything else

>historically there is no evidence of your statement being true
Correct, but if traditional markets starts to show signs of tanking, don't you think people will also start to cash out their crypto investments given how volatile it is? If we have another 2008 type recession, I have a hard time believing people that are in danger of getting laid off will start buying bitcoin instead of saving liquid money to buy food and water and to pay the rent.

if i get laid off i'm going to rack up the debt not pay it off and hide it in crypto

>got in before the bull run
>knew 2020 would be my earliest possible sell date

This is a long game

Because of the 2020 btc halving?

i gotta say i feel safer with my money in btc then houses or anything esle.

Divource
Sued
invasion
crime
extortion
tax law changes
tax decisions
legislative change
run on bank
monetry policy change
hyper infaltion
siezure

basically all legacy wealth is at the whim of every one else exept you

We'll have reached peak adoption when Amazon starts accepting crypto. Sell then.

the question is are we early in valuation, the answer is obviously no, given how low bitcoin was only 2 years ago. we're way out of the early adopter phase if you expect to get rich by holding bitcoin or any other crypto. that doesn't mean you aren't early as somebody trying to use ir, but that doesn't mean much when the masses have already entered just on exchanges.

crypto has yet to experience widespread adoption and use so yes

crypto has yet to experience widespread adoption and use
why would you sell instead of using it?

In the corporate world we are early. Blockchains and DLT are not yet productised or offered as "off the shelf" services.

Businesses are interested in the technology, but they don't know what to do with DLT or how to successfully implement it. The solution integrators (IBM, Microsoft Azure) need to demo the technology and create real world case studies. From here the technology can be refined, productised and sold on a large scale.

For companies to implement blockchain at this stage, it is high risk and has an unknown reward.

The hyperledger team are doing a good job. As soon as they get more demo's built and develop more lift and shift solutions we will see the ramp up occur.

People will hear about companies moving to blockchain and utility tokens increasing in value, they will buy bitcoin again as they associate bitcoin and blockchain together.

This is the BEST video ever on that very question.
The early adopters have not bought yet.

youtube.com/watch?v=D7-hYWcsve8

We are the lunatic fringe.

blockchain is not bitcoin

thread full of post purchase rationalizations do you even realize what buttcoin was worth and how grey middle market there's no way in hell bitcoin will be accepted except on p2p which is not how society works - only thru middle-men not even mentioning the grey market

This whole thread is full of shills posting like bots fake news

"have you seen the latest ad of IBM"

If you really knew IBM and how much of a blue chip company it is then you wouldn't mention that as a side note Warren sold his shares from IBM and big data is a whole different topic, IoT is another topic, fintech is another topic

blockchain is not bitcoin

thread full of post purchase rationalizations do you even realize what buttcoin was worth and how grey middle market there's no way bitcoin will be accepted except on p2p which is not how society works - only thru middle-men not even mentioning the grey market

This whole thread is full of shills posting like bots fake news

"have you seen the latest ad of IBM"

If you really knew IBM and how much of a blue chip company it is then you wouldn't mention that as a side note Warren sold his shares from IBM and big data is a whole different topic, IoT is another topic, fintech is another topic

bitcoin is crypto, to think otherwise is just late adopter cope. as long as crypto exists bitcoin will exist as the de facto money/gold of crypto, it literally can't be replaced by another value token without destroying the illusion of crypto as value.

you can use private blockchains (ethereum enterprise alliance stuff), permissioned blockchains (eos) for niche purposes, but they don't matter in the way that bitcoin matters in a global scale.

and IBM is on the way out, its customers are disappearing, its revenues shrinking, which is why it's had to turn to blockchain/AI hype to keep themselves relevant. they even had to partner with apple. they're not relevant in this revolution, just like useless blockchains like stellar they've tried to use.

we are in the “it’s over and everyone is laughing at you” stage its off the chart on the right

you have to understand though, businesses that have a legit use case where blockchain would be a good fit are rare. this is a bigger meme than BTC as a currency.
blockchain has it's place and there will be another big bull run, but it won't be from commercial applications like VeChain or whatever the fuck.
Moving traditional financial assets onto the blockchain is the next step, and it's going to push this market far higher than we'd ever thought possible.

Yes. Market cap is 200 Billion (real is about 8 Billion). There are 80 Trillion USD in banknotes and bank accounts. So just do the math.
0.01% of the world population has put 1% of their money in Crypto. Thats 0.0001%.

This. It begins at about minute 3. Really worth wathcing.

that's my point, 99% of alts have no reason to exist, especially ones targeting businesses when all they have to offer is code.

on vechain, its a perfect example of something that 1) doesnt need to exist, and 2) doesn't need a publicly traded token. a blockchain that only needs write access from companies doesn't need the public in any way, nor does it need a custom token with any monetary value, nor does it need any kind of inflation/staking/mining.

vechain, like everything else, is a funding token moneygrab that overcomplicated its product so they could sell a useless token when a permissioned blockchain consortium is the end result for what theyre trying to offer. oh, and its chinese, so you can write off any non-chinese companies becoming reliant on it when a non-chinese competitor is a ctrl+c ctrl+v away.

I'm unironically incredibly bullish on VeChain but I also hold BTC.

>implying we dont have such a low adoption rate that were still early early adopters.

Thanks for the video user. If o e person is right, it should be him no?

many of us are

XRP