Anyone who has been in crypto for ≥1 hype cycle and isn’t aggressively accumulating bitcoin right now is simply retarded. Insanely bullish news is coming out daily faster than it can be priced in. What is unfolding on the world stage right now with crypto is akin to the beginnings of the nuclear arms race. The invention was born, and there was no turning back. Now countries are slowly but surely starting to panic accumulate as they realize how devastating it will be to the future of their nation if they are caught without it as it becomes the global reserve currency. At this point it is clear to the far-sighted that a single bitcoin will be worth over a million modern USD in our lifetime, possible within a decade. In approximately one year, we will be treated to a spectacle unlike anything we have ever seen before. Within the span of one year, there is going to be another financial crisis that corresponds with new ATH’s in the price of BTC and PM’s, as well as the bottoming of the MSPUS in the developing housing market crash. Cap this.
Daily reminder that only BTC holders will make it
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The lines were put there empirically, you imbecile.
Ive known this for a while now. Every time I mention selling a million dollar coin for less than a million dollars everyone says im delusional. Ill show them who is delusional in 2030.
I think the "slowing down" prediction is wrong, because that doesn't take into account the halvings.
>BTC's use case is tricking people into thinking the government will collapse
Lol
Free floating fiat money has only been a thing for a comparatively brief period of time, it just doesn't feel like that because it's all you've ever known. Global rates at or near 0% tells you all you need to know about where this system has gotten us
>Within the span of one year, there is going to be another financial crisis that corresponds with new ATH’s in the price of BTC and PM’s
Completely wrong, in fact gold crashed during the financial crisis.
March 2008 - Bear Stearns bailout
September 15 2008 - Lehman Brothers collapse
Financial crisis means everyone needs money to pay obligations, which means they sell whatever they can for dollars, starting with speculative investments.
Gold only started to rise years _after_ the actual crisis as fed flooded the market with dollars.
Bitcoin is going to be the first asset people and institutions are going to sell if they urgently need money, you're completely deluded if you think otherwise.
Bitcoin is a creature of near-zero interest rates, which is the only reason it pumped so much. Due to mining, it takes $6 billion to sustain the current price ($3B after the halving), it would never be possible in a world with "normal" interest rates.
Another financial crisis is going to mean absolute collapse in bitcoin, to three digits if not to zero, as it may turn out the network simply freezes out if the price drops below OPEX cost of mining too fast.
The only asset that actually moons during a crisis are AAA rated government bonds, which are going to get into deeply negative rates if that happens.
Now you may say, ok, but what if central banks start printing like mad afterwards? Won't bitcoin moon then, from three digits to new ath? That's possible, but is there going to be any trust in it as a "store of value" left after it drops below $1000? That's very doubtful.
The single future in which bitcoin may get to new aths is if the status quo continues as it is - stocks rise more, interest rates stay low, houses don't collapse, institutions and wealthy investors have so much surplus capital they decide to spend a tiny fraction of it to buy bitcoin.
What's your current position? Or do you only trade stocks.
Governments are 2000 and late
If we still have a global economy bitcoin goes to 1 million+
>Another financial crisis is going to mean absolute collapse in bitcoin, to three digits if not to zero
This is completely deluded, no country would allow another country to corner the crypto market, also China owns most of Bitcoin.
Thanks, just bought 100K.
This sort of FUD is the strongest buy signal for me.
If you can't convince an investor as esteemed and knowledgeable as peter schiff that bitcoin is a good buy I highly doubt its gonna be the go to investment later down the road. Rich boomers do know their shit when it comes to investments. Very few are bullish towards bitcoin. Warren Buffets has invested and thats pretty damn telling!
Peter schiff can suck my cock. There will be basement dwelling high school crypto neckbeards richer than him imminently. Bitcoin will wait for no one.
what a meaningless post, it's not like you weren't in already. You only created this thread as a way to silence the lingering doubts in your mind.
Buffet in particular only invests in income generating assets. Bitcoin generates none, all profits in bitcoin come from losses of later investors. This makes it a total no-go for Buffet, his fund is simply too big for a bigger fool to conceivably exist, and buying small sums isn't worth the time.
Banks owned most of the gold though. Citizens own most of the BTC. I think they would consider it a safer asset than cash. Citizens and banks dont view assets the same way.
Peter Schiff makes his money selling gold. Obviously he isn't going to shill something that is competing with his main product.
>Anyone who has been in crypto for ≥1 hype cycle and isn’t aggressively accumulating bitcoin right now is simply retarded.
based
Citizens own btc as long as they don't have to sell it for food and bills, which is absolutely going to happen if many people lose their jobs at once. While I'm sure there are some bitcoin maximalists insane enough to rather be homeless than sell their btc, they are a tiny minority.
>the coin that's the absolute worst to buy literally anything with is going to be the future
Yea this is one of the possible timelines. Only if you can survive the crash afterword back will be $$$$
Bitcoin was invented to launder money without being traced. It sucks as cash. Maybe in the early days it worked as cash. Now it is digital gold and the only ones buying are those that are waiting for its price in fiat to go up so they can sell it. It's literally a pyramid scheme following the greater fool theory. That's why there's threads on here everyday with keyboard investors trying to get you to buy the coins they hold so they can sell and make a profit in fiat.
Ether holders will make it, too.
No, exchanges hold most of the Bitcoins. There are whales of all sorts who own them too. Normal individuals own most of the wallets. Those wallets have like 0.00001 bitcoin in them.
Bitcoin is an experiment that is showing its true colors now. It can't work as cash, it doesn't rival Visa or any other payment system except for being decentralized.
It's a counter to fiat and inflation. That doesn't make it a great form of money. Nobody is buying Bitcoin and using it to buy anything that fiat is used for. They simply buy it, wait for the next man to buy, and sell when the next bubble pops. Not every great idea that comes to life is the be all end all.
Ethereum is an actual platform for applications with much more functionality and opportunity to create many different tools in the financial world. But overall, crypto is experiment that will soon meet its demise.
please stop, i can only buy so much!!!!!
BTC IS ANCIENT AND INFESTED WITH BLOCKSTREAM (Jews) LINK (the chads) WILL DESTROY BTC AND MAKE IT USELESS. BTC TO 40% dom as the prophecy fortold its ALTSEASON!!!!!
>It's literally a pyramid scheme
No it’s not, I’m not asking you to subscribe with a referral and pay me twice of what I paid.
If you don’t buy it, it will stay at the current price and I could not care less.
Is gold a Ponzi scheme?
If you couldn’t care less about the price not going up, why buy it at all?
Just bought another $100K worth of BTC, thanks for the buy signal you Jewish nigger.
Cause I don’t want to keep my net worth in a monetary system which is based on debt and keeps inflating cause FIAT are printed out of thin air and backed up by nothing.
Unironically Proof-of-Work is the only fully democratic system.
BTC inflation keeps decreasing and USD inflation keeps skyrocketing, you do the math.
>Within the span of one year, there is going to be another financial crisis that corresponds with new ATH’s in the price of BTC and PM’s, as well as the bottoming of the MSPUS in the developing housing market crash. Cap this.
Based and Halvingpilled.
Bitcoin will sail the perfect storm and the synchronization with the economic crisis with the halving will convince everyone that cryptos are a hedge against crisis.
BTC and UND holders will make it. Fuck ETH.
>Gold only started to rise years _after_ the actual crisis as fed flooded the market with dollars.
Yes but bitcoin is not gold and after the halving it's going to have a lower inflation rate than fiat currencies.
At worse we crab during he early months of the crisis then we moon.
Absolute nonsense yesterday peter schiff was doing a live broadcast that appeared in my youtube so i listen to what he had to said.
Someone asked a question to him about gold and border controls.
His answer?There are companies that allow you to move gold from one coutnry to another through using ledgers , you deposit gold with them and you take back in another country.
The absolute brainlet just described bitcoin but centralized without realizing.
Boomers are not good at investments , they just surfed the post gold standard money bubble and invested in anything.
The "smart" boomers are those that just knew when to exit and enter , and nothing more.
Bitcoin was invented to do international payments bypassing retarding regulations and collectivizing responsabilities so no one can be sued.
Illegal shit is rarely done with btc since the days of the silkroad.
It's trackeable for fucks sake literally an open ledger.
The game theory is indeed that of a ponzi , but the same can be said to gold or houses or any asset with low inflation.
Just because bitcoin artificialy created the conditions for i'ts price to rise does not mean it's a ponzi.
That was needed to people to support the system , no one was going to mine digital currency if it was worth less tomorrow.
ETH only exists being inflationary because bitcoin exists.
If eth would have been the first crypto it would be 0 now, you need artificial scarcity game theory to give value to crypto assets.
Btc just went up 3% holy smokes. The king is king.
Bitcoin is invented by the cia which is causing along with the fed the next big financial crisis and who is Secretly controlling Most of the BTC market to sustain the absolute world domination when everything colapses.
It‘s the NWO money.
If you think the deep state isn‘t fully aware of what‘s going on and some fucktards of nerds outplay the bilderbergs, you‘re a full retard.
So accumulate and be 1% in a decade when anything is done.
>it takes $6 billion to sustain the current price ($3B after the halving), it would never be possible in a world with "normal" interest rates.
It takes a trillion dollars a year to sustain the current price of USD. What's your point?
>Completely wrong, in fact gold crashed during the financial crisis.
Gold crashed because they had their gold investments on the same platform they had their other investments causing the system to liquidate their whole portfolio when the crash started. Unfortunately currently you're unable to buy other assets on the same platform you use to buy Crypto and thus the liquidation won't affect the crypto portfolio because it's not calculated into the margin in the first place and because of this only the traditional assets are liquidated when the margin call hits.
>Buffet in particular only invests in income generating assets
Buffet invested in silver you retard. Buffet invests into things that make him profit.
Another day another 100k buy order
Thats what your deluded brain wants to believe, its conforting knowing that you are going to be rich without the need to work hard
Peter schiff is on point about bitcoin, its a ponzi 101, everyone buys it now because they believe they will sell it to someone else in the future for a higher price.
The only use case of bitcoin is to buy low sell high, thats your money of the future.
>It will stay the same price
Yeah no, it wont
Everyone buys it to sell higher, if there is no new buyers, like right now, the price stalls
Wrong. I will never sell my bitcoin. I will fucking hodl until it becomes the global reserve currency and I can buy anything I would ever want with fractions of a bitcoin. I will never use stinky, inflationary fiat ever again at that point. They will bury me with my hardware wallet.
no ath never again, also we wont go above 6k
Based and stocktoflowpilled
You're really looking at it from a perspective of an American.
I'm using BTC to get my salary from abroad, and honestly I'm just waiting for it to become 100% mainstream and replace the fiat currency, only spend what I need to spend to survive.
>if there are no buyers the price will stay the same
>ACKSHULLY if there are no buyers the price will stall
Are you retarded?
Rekt
>Illegal shit is rarely done with btc since the days of the silkroad.
hahahaha this is what normies actually believe
The AAAs have been slowly becoming shit. It's almost hard to believe because it's the same crap as 2007. The bond market could end up fucking the US hard.
How are you going to liquidate crypto when everybody will be looking for fiat as you describe? Who will buy?
Even a dog could make a good investment when boomers started doing it. They've ridden the bull from the horns for decades.
Why bother with Bitcoin when UND exists? BTC is boomer-tier gains, and Unification will outperform x100