BTC is pure scarcity.
Fiat is complete monopoly money.
The more money that is printed will push BTC higher. This is because fiat is worth less, so it takes more to buy the same BTC.
To me BTC is a bet on inflation and nothing more. But that's a lot.
>Bitcoin couldn't function at $20k, how could it possibly have any use whatsoever without external layers at $100k? Why would a coin like that pump to such a high price? I know that this market is 95% speculative, but there is a limit to how far speculation can take bitcoin.
Yeah that's what i meant. There would be coins which will moon in the top 50, but not the current number 1.
Wait till serenity and the flippening for some movement. The smartcontract platform will lead the dance.
en.wikipedia.org
Bad money (fiat) drives out good money (BTC)
Unironically good post
1 usd made it "real" to the early early adopters and developers.
1000 usd to everyone 11-13~?
19,000 usd made it "real" to everyone posting on Jow Forums right now, and maybe even the wider public.
At 1k people still didn't give a shit THAT much, it dropped back to 200 or w.e. which this board basically fucking died. It was still BUTTCOIN afterall. It wasn't until 19k that it became very real for everyone, including your grandma and whoever else. Maybe they heard 1k but they didnt care. Less people didn't care at 19k.
1k was the first bubble with massive media attention. 1k was the first bubble to people in general. Now its different after 19k. People, on some level, no longer believe it's just a one off, because it can't be, (even biz posters), it's happened twice to them now (and x times for the earliest adopters)......
Its not the same undertone anymore
100k street shitters couldn't afford or weren't willing to pay up. I moved BTC in an hour back then.
>breakermag.com
what an incredible faggot
You're projecting..
You know more and have educated yourself.. thumb up, that's great.
The majority of people in the market are still complete idiots.. who FOMO and FUD exactly when they are told time after time.
Just go all in bsv close the chart come back 2021
$700
see
"that it became very real for everyone"
It's the scarcity that makes it real
I'm not that educated, I'm just not completely clueless, and this is what I mean by "somewhat educated". People are not clueless. But I suppose this is normal. I imagine that the clueless of 2013 stopped being so clueless in the 2014/2015 bear market.