So there's really no stopping this shitcoin is there

Well, I'm not buying USD if thats what you think.

hey hey, dont call the real bitcoin a scam coin. I´m as pissed as you are that shit btc is pumping, but BSV is the real deal.

fuck off scammer

>About to have lower inflation than fiat
>It's price grows because it's a ponzi

Get woke or go broke

BSV is a pajeet scam

this!

Nobody knows what bitcoin is

Attached: 7860f3f049c60f9b179ece3b395061c3.jpg (576x432, 99K)

Btc has appreciated against fiat since the start regardless of inflation.

Yes but next year we accelerate forever due to being lower than fiat inflation rate.
Gold is too but it's been cucked by creating paper gold supply thus reducing the price.

Bitcoin will keep going up and up and up non stop.
The volatility will start to disappear too.

>Sure if every shitcoin Dev started dumping what they were doing and worked on BTC
This sums up what's actually happening but you guys look at bitcoin like stocks or money. You can't see the interconnectedness and atomic swaps are the future. Charlie lee is BTC greatest dev. You think NANO should be BTC because it's cheap and fast (at a small scale) but BTC is scarce and secure with a 10 year history of support and uptime. That means something to wealthy and companies. They think bitcoin is too risky and it's the least risky crypto. I'm so happy that BTC is making alt maximalists poor, I remember 2017 when you all said LINK was going to $100 and ETH to flip BTC but you guys can't do math so supply never mattered to you. That's why you lose money
That's because every shitcoin has been hiring market makers for volume and no one wants to get caught holding shitcoins vs BTC in this bull market. You guys have reverse reasoning to reality, it's spectacular how you perceive these things as positives for alts.

Pure speculation at best. More likely pure bullshit

Attached: 1454152390833.gif (720x405, 381K)

If fiat loses value faster than bitcoin does then bitcoin price rises relative to fiat.

It's not speculation it's a fact.

that's because it's supply is very finite and demand grew exponentially. and guess what when a country in the developed world will get financial troubles that threaten with hyperinflation people will finally understand bitcoin. because sure it can go down 80% on you from a bubble peak but it always gets back up and just about any 3y period gave you very good to insane good returns on bitcoin. if a fiat currency goes to -80% it's not coming back ever the way is only down.

loaded boomers, normies and noobs are only buying BTC because they have no clue about any other project

yeah they should just pick a winner from this with careful fundamental analysis and looking deeply into projects background dev team community and potential... right.

Attached: shitcoins.jpg (1883x2207, 2.78M)

Arguably it only makes a bubble then dumps 80%.
But halving is easily priced in, so maybe it has nothing to do with the halving at all

think of it this way...
btc is valued $10k fact (you could say it was just a bubble at $20k but there is no denying it now)
global adoption rate is at best between 0.1% and 0.2% at worst below 0.1% this is fact. (we know this from total unique addresses)
85% of bitcoins total supply is mined fact.
bitcoin is trustless permissionless and secure fact.
bitcoin is unconfiscateable escape vehicle of wealth fact.
hyperbitcoinization is coming (speculation).

also look at the blue line it's basically the "the fair valuation" of bitcoin by power law

Attached: bitcoin-log-log.png (1101x1151, 190K)

The halving can't be priced in because proof of work.
Miners are forced to sell to pay electricity , the halving can't be priced in, the LTC halving is always considered priced in , but that's because capital escapes ltc to btc halving.

This guy understand , only 15% left to mine of which most will be mined the next 10 years.

in just 5 years bitcoin supply will be so little that whales won't be able to move the price anymore as the risk will be too big for the few whales that did not sold.

After that it will become a way to save wealth like banking.
Having less inflation than fiat will give it stability , having little supply means no one will dump your price.

Bitcoin won't become global cash but will become a p2p bank , the transaction fees will be high but low relative to banks with negative interest to pump the western economies.

Bitcoin cash having the same conditions of inflation will take most of the micropayment markets and btc due to having higher hashpower due to fees the global bank.

Hyperbitcoinization is coming fast.

>the halving cant be priced in
Its happening sometime around the middle of next year, thats pretty much a fact unless btc dies
Maybe but all of that has fuck all to do with its inflation rate
I dont even think its really unconfiscatible, see silk road

Math geeks like me buy BTC because we understand no other crypto matches BTC supply vs demand. TX fees and times will matter more when everyone has a crypto wallet. Right now most people should only hold BTC until they understand tokenomics
It's about their ego. They think they're smarter than the market and they're going to pick the next bitcoin. They can learn about TX fees or times but they will never learn about security or stock to flow. It's easy to pick NANO because it's the fastest or NEO it's the cheapest. The thing is there's a million next btc and they all eat each others market share because there's only so many idiots
>But halving is easily priced in
I love reading this. The market priced it in by not dumping below 3k. The supply to the biggest BTC sellers will be cut in half. They're not going to be able to give us the supply the market demands, at the same price. The market can't price in a future supply shock that accurately.
this guy gets it.

>BTC because we understand no other crypto matches BTC supply vs demand.
Also unmatched security. No other crypto comes close to the bitcoin hashrate.

>the market priced it in by not dumping below 3k
Theres nothing special about 3k just like 6k. People were saying it woudnt break 6k either

>unconfiscatible
nothing is 100% in this world, it just much easier to hide than anyother asset because you don't have to store it
>inflation
That's the name of the game, understand that and you'll know more about BTC price. The market gradually prices the halving in, it never just wakes up and says we all know BTC will 10x when it halves so everyone raise your sell orders. They way you guys think is like CNBC.

Btc price does whatever. It moons, it dumps. And everybody knows the halving there are analyses which literally chart the halving

What? I don't care. You guys don't understand me at all. The way you think markets work is not how they do in reality. The bottom was 5k but bcash wars took it to 3.4. 5k was holding until ver and wright dumped more BTC on the market but this is just my interpretation. I wasn't even being specific about the number just the bottom. No one believes that 3.4k is some magic number that we can't see BTC at again.

Whole article explaining/proving why bitcoin's value is most directly driven by its scarcity:

medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25

Attached: Screenshot (274).png (790x897, 194K)

There is you need to research the price it takes to mine a NEW bitcoin.
The price of new bitcoins being the origin of the supply on the market establishes the base price.

And after the halving that base price increases considerably.

This , BCH will also be making massive gains as btc asics are redirected to bch since they also use sha256 and will halve together.
But btc will remain king due to it's hashrate.

BTC game theory is perfect and forces the price to move upwards.

More speculation and bullshit
Yea sure scarcity drives price, but it has nothing to do with a comparison to gold, dollar, stock market or anything else

>the mining cost establishes base price
Oh then why did miners shut down in the bear market

There's new people discovering BTC every day.Doesn't matter though.
You're not getting it because you guys have this joe kernan view of markets. The market knows many things inflation rates but no one would be as stupid as you and say the yen is priced in. You guys think fed rate cuts = BTC halvings. Fed rates effects on stocks are not supply cuts effects on BTC
>The price of new bitcoins being the origin of the supply on the market establishes the base price.
Yep couldn't have said it better.
>BTC game theory is perfect and forces the price to move upwards.
BTC is the biggest milkshake drinker

Bitcoin hashrate literally only collapsed during the december bottom.

blockchain.com/es/charts/hash-rate?timespan=2years

After that the price started to grow again and so did the hashrate because the price reached the bottom.

Why did the hashrate collapsed then?Because not every miners have the same electric cost.
The ones with the highest electric cost stoped operating for a time and the price started to grow again.

Btc halvings are literally part of of algorithm and known forever, nobody compares it to fed rate adjustments.

That doesnt mean anything for btcs value. It could be 3k or 1k

You're just stupid. I told you i was speculating. You think anyone honestly knows 100%? You're a sucker. That's why you don't understand stock to flow.
Their mining costs were greater than the survivors or they started at the wrong time, got hacked, made bad hires. I'm sure it happend for many reasons. you're view of economics is like a /pol poster. You can't boil it all into a catch phrase because economics more complicated and diverse. When crypto has less of this and more stock to flow analysis, this will overtake traditional investments in market cap.

No it could not because of the game theory , if btc goes bellow mining base price then miners have to sell at a loss , if miners have to sell at a loss then they can't pay electricty and thus shut down.

At first the miners with the highest cost shut down then you reach the ones with the lower cost.
And all of the sudden no miner is selling because they would literally go broke and as a result the supply collapses and the price increases.

I'ts game theory.

Attached: CitadelAirlines.jpg (5500x3000, 2.37M)

Also i just noticed the lowest hashrate we had in the last two years that i posted here.

Literally coincides with the based Asuka prohpecy date of the bottom.

Attached: 1480483501305.jpg (225x225, 10K)

imagine thinking BTC is a shitcoin.

Bullish for Unification. Scaling has been solved.

>I dont even think its really unconfiscatible
up to you if you give it to the feds or not for reduced sentence. but that's not what unconfiscateable means really. when you have to run whatever happens you have to leave your country your life they can block your wires and confiscate all your valuables at the state borders. if you are running from venezuela with usd in your pockets you gonna leave them with the border partrol. what they can't take is your btc. unless your retarded ass uses a hardware wallet.

but the point is if you do this shit right nobody can take your btc nobody would even know or be able to prove you have it. and i'm not talking about the nsa-cia-dea-delta joint task force formed to take down magneto. just your average government thugs like tsa.

This market prices it in meme is the worst. If that's the case then the market would have priced it in before. Why did btc go from 400 to 20k? Where was the market pricing it in? Do you see how dumb you are?
>it has nothing to do with a comparison to gold, dollar, stock market or anything else
This comment right here show everyone how stupid the people are on this board. Shut off your computer user. Go to sleep

>nobody can prove its your btc
Im not even surr this is true, btc wallets can be tracked easily

The market didnt price it in before because btc was young, but it does now because everyone knows about the fucking halving

not if done right, damn you're full retard aren't you

everyone knew about the halving from the fucking start, it's in the BTC whitepaper that every fucking crypto investor read first. Can i Keep calling you stupid? I'm tired of thinking of names for you

tracking and proving ownership is two different shit. i can pretend i sold (or bought shit with) my btc otc with a few transactions while still retaining ownership of the new private keys. no

court has the legal capacity to prove i still have ownership. best they can do is an al capone on some tax technicality if they pass me down to the local irs. get 5 years max probably home confinement (because prisons are full) get out after 3 for good behavior as a billionaire. but this is an extreme scenario i don't hink they would care to sentence me at all.

But nobody knew what it woukd do to price action

Except BTC is still awful to make payments with.
Fix that and I'll just say fuck it and put everything into BTC.

Yup. Willy Woo created a helpful new metric that shows that the less economically viable miners were capitulating right down to the price bottom, and the price evened out after that extra mining sell pressure ceased. Explains it well in this thread: twitter.com/woonomic/status/1157170473706196993

Attached: Screenshot (275).png (746x521, 123K)

>buying link last year
>losing money on a x30
Pick one. This is your brain on btc maximalism

You could be correct on this one but this is the third halving.
The second was not priced will the third be priced in?

Could be but then again that means the miners would risk collectively taking debt for years because electricity is not free.

And assuming the halving is priced in all of the sudden they will still suffer from a collapse in supply.

Should they all sell collectively at the priced in price all they would do is delay the halving bottleneck in price.
Kind of like central banks take cash of the street for a promise of interest and inject it again in the future.
They take inflation today from the street for inflation tomorrow.

This would be miners dumping the coins mined in 2018 and 2019 and the halving supply collapse would still happen in 2022.

So your theory of priced in is irrelevant because the collapse in base supply will happen.

Also every halving did at least 115x from the bottom , that would give us a price of 360k.
Even assuming a reduction growth in this halving we still end near 200k.

Attached: 1496717113315.png (1000x800, 285K)

then there is the good old strawman trick, i buy a kyc-ed account from some pajeet for $100 that i instruct to use my vpn to reg. and after i changed the password and added 2fa to both the acc and the email acc to it i tumble my btc through some privacy coin between exchanges and send out the btc to my secretly owned keys.

this is what i would do if i would expect my legal system come after me in the next 5 years. statue of limitations is 5 years so that's your legal risk period.

It's game theory.

1_All the miners have a reduction of 100% of their income in bitcoin.
2_Their electric costs remain the same.
3_They now earn 100% less
4_They refuse to sell at this price because they know everyone else doing mining is under the same situation.
5_Price starts to go up due to lack of supply in the market.
6_Eventually price does 100% increase and miners could be in the green again.
7_Speculation starts at what will the top price be.
8_Miners still refuse to sell because it could go up even higher.
9_Miners having different electric costs all have different breakeven price.
10_Price keeps going up as news spawn all over the world.
11_A bubble starts to form
12_Some miners start to sell to pay electricity
13_Bubble becomes insanely big
14_All miners start to sell.
15_Fees become massive
16_Bubble explodes
17_Price collapses 83%.
18_The new bottom where everyone tells bitcoin is dead is literally so big that years before it would have been considered insanely high and that it would never happen.
19_Bitcoin starts to grow again in the next halving.

GAME THEORY
Next bottom will be 55k after going to more than 300k.

Attached: m1w2nq6yld611.png (400x439, 77K)

Will read , thanks ,i been checking localbitcoins data to see the selling pressure

>They now earn 100% less
100% less is zero

You are right kek i am asleep sorry i meant 50% less

The assumption is that miner supply drives the price, and not the 15million btc already in the hands of whalea and market makers.
Miner supply shrinks every halving, but what makes you think they are the only ones selling?

also the miners that were profitable at $4k will be profitable after the halving at $8k. also only the block reward halves the tx fees don't. so it's not even a 50% reduction more like a 45%

You're kind of correct regardless, when they suddenly make 1/2 as much, it's safe to assume they're making 0 actual profit after electricity & maintenance, not to even talk about paying back on the ASIC hardware.

It's like some coin only get listed with stablecoin pairs. You never see this in 2017 when almost every alts were traded only with btc

you can assume miners and whales are a greatly intersecting group. the new class of whales that are not involved in mining directly will be the investment funds and ln pools.

you shouldn't ever assume that
because futures markets were created for exactly this purpose. a miner can lock in his profitability for a year easily with fraction of his expected revenue.

Since the majority of the coin has already been mined I don't think miners cam affect the market that much.

Watch this video on Bitcoin.

m.youtube.com/watch?v=UMK_A0mF8PQ

this is the exchanges fuckery they try to push their own shitcoins on people.

That gives all the more incentive to move the price to shake out the competition

>ten years later
>he STILL thinks BTC is for payments
Son I love ya but you one hella dumbass

Attached: 0E94F9B4-A6AF-4F40-997F-1B4418A34E83.jpg (393x570, 56K)

tried to watch it but it's boring shit two caucasian goatfuckers talk about what they think is happening in the world.

but they can't really unless an operation is way overextended at a critical period. which means only the brainlets will be pushed out and those betrayed by their own government.

So, anybody

as long as the government lets these criminal stable coin issuers operate, no. its all a show, they can push it to 1 million "dollars" in the next hour if they wanted. once these disgusting animals get cracked down by the government, and it will happen, btc will be trading at triple digits.

You're new and trying to act like you know what you're talking about. Everyone knew what would happen BTC has always been about game theory. Articles flooded the internet for years before the last halving so come up with some other meme phrase.
Everyone gets caught up on this but it's not true. Every chain gets clogged when it hits crazy levels and no chains have had to scale to BTC level. There's more to it than TX fees or total TX. BTC is years away from the main show but I bet all these cryptos would fail at mass adoption volume. They can all be 1000s of TX a second until they do that in a real world setting. ETH gets clogged by airdrops still. You guys act like development stops here or that BTC should throw out the new code a clone XRP. BTC won't be the fastest but eventually all these cryptos will be splitting hairs in TX fees and times. Those things get incorporated from LTC or others into BTC and you'll be stuck holding the fastest internet currency no one sends
Fuck you, I buy every crypto, it's how I learn about them. I just flip them into more BTC eventually. See idiots like you go all in LINK. I go mostly BTC and take a $50 flyer on a crypto once in a while. You have the lweast intelligence of any poster ever on biz.

>You could be correct on this one but this is the third halving
Dont encourage him. His logic doesn't make sense. The market knows a supply shock sends the price up so they'll just send the price up before the supply shock. Then the supply is cut and new buyers buy in but now the market expects crazy gains so there's no low sell orders. Price goes up. The halving can't be priced in until everyone who wil buy BTC has. Are people going to stop buying because they know BTC always goes up during this time in it's cycle? It's the fucking opposite. Humans can't fight greed. The market will never turn down more money. The market isn't Buffet and bezos, it's made of millions people all over the world

>Except BTC is still awful to make payments with.
the main reason for that is nobody is interested in adopting it everyone just trying to print their own fake money and push that. if only 10th of the effort that went into shitcoins went into adopting btc as payment we could be living in a different world.

I mean it will be in the long term but in the short or medium term altcoiners are deluded for thinking that matters or is some kind of existential crisis for bitcoin.

Attached: bitcoin lindy effect.jpg (2048x1154, 193K)

no you should expect big mining operations behave strategically especially about something as crucial and predictable as the halving. they know there is a short period of possible insolvency so they will hedge against it.

About 14m bitcoin are in circulation and 3m remain to be mined for the next 100 years.

What you guys don't understand is that the miners supply is the base price and the base monetary supply.

Sice miners are forced to sell unlike everyone else that can just hold ,and after next year it will be the logical decision since bitcoin will have lower inflation than fiat.

Yes the miners are the cause of the bubble and the price rise.

This is why ethereum price will go to 0 after proof of stake aka proof of shit , without proof of work game theory there is nothing preventing whales from forming a group moving the market.

In btc that can happen but only if the whales trust each other because the electric costs are going to be there anyway forcing them to sell even if they agreed to not.

Without miners selling the supply would collapse , miners represent most of the coins being sold as most people would have no reason to sell a coin with less inflation than fiat.

Hell btc inflation is already low at 3.75% compared to many shit currencies.
Next year it will be 1.80% bellow usd and euro why would you sell for fiat that loses value faster?

This may be the last bubble after the 2024 halving it will be a slow but constant price grow to 1M as the miner supply will be so low relative to the existing market and even better kyc regulations will make it hard to cash out wich will ironically cause the price to grow more as there won't be much reasons to cash out when btc has lower inflation than fiat btc will become an international bank.

And if old btc asics move to bch during the next halving bch will become a global payment system together with btc even if their communities hate each other , they both have a good destiny if things go as they have been going.

Attached: satoshi-pepe.png (185x185, 71K)

no, we accelerate because there is literally no use for bitcoin. since there is no use for bitcoin, its main purpose becomes hodling and then dumping on the next sucker once you are satisfied with your gains. spoiler: this is not sustainable

>And if old btc asics move to bch during the next halving
interesting way of seeing things but i don't think this is how hash power economy works. because if you could only mine bch with old asics sure then it could work like this, but you can mine them both with old and new hardware. assuming free electricity (many miners own their electric source) you could run old miners until you have no room for them physically and still be profitable mining btc.

This is true. BTC right now is land rush period where the winners in six years will be those claiming sats today. Payments come later

you still have a lot to learn and understand... babies first steps. i was through this denial phase in 2013.

>you cant go bankrupt as a miner because you can short
Lmao ok if you say so

i personally think we will never get to widespread medium of exchange. the rest checks out. btc will grow to an adoption rate of about 10% globally and that's it. it will completely overtake and obliterate gold as a financial asset.

just do the math take a piece of paper and do it!
it's not hard don't assume they are incompetent it's their fucking job and most of them been doing it for years. they survived $3.4k

There is use for bitcoin i lived under capital controls and bitcoin was literally the only way of doing international purchases.

If that happened when bitcoin inflation was 10% imagine what will happen when bitcoin inflation is bellow fiat next year.

Forget about bitpay , they could ban all payment processors and due to their scarcity bitcoin would be a valuable unit of account and medium of exchange.

Bitcoin has survived when it was most vulnerable against all odds.

>but you can mine them both with old and new hardware.

At a loss you can but not gaining money.

Due to game theory old asics can't even justify their cost of electricity so they were usually thrown.

asicminervalue.com/

Next halving of btc will happen together with bch so old asics will move to mine bch.

Eventually probably mid 2021 we will reach the ultimate asics due to moore law limits and then asics will be measured by kw used per hour after that mining will become again proffitable for the common individual.

You may even literally use asics to heat your house because the cost of upgrading asics will never exist again as it will be phyisically impossible due to the moore law limits to create a better one.

This will cause mining to become incredibly descentralized again as having residential electric costs will destroy centralized mining and those asics may last for 20 years or until quantum computers if they can break crypto.

Attached: 1563294837259.png (600x1078, 485K)

>assuming free electricity (many miners own their electric source) you could run old miners until you have no room for them physically and still be profitable mining btc

The free electricity is a big IF but yes the only centralized miners that will survive post 2021 will be the ones that invested in things like electric dams or have absurdly low electric costs due to being near one.

But they will be a minority as mining becomes descentralized again , it's funny how satoshi game theory has been working so well all because the electric costs , from price rises to descentralization it all comes from the fact that each bitcoin has an electric cost behind it.

It's genious to be honest.

Attached: 1564629240016.jpg (916x1173, 227K)

>At a loss you can but not gaining money.
that's not true tho if you own your own hydroelectric plant or solar farm and your mining hardware your only limitation for old hardware is storage space (and of course your power capacity). buying new hardware is an investment that needs to be carefully considered and timed not to mention it's availability is scarce there could be waiting lists and shit.

>we understand no other crypto matches BTC supply vs demand
What a math geek, to understand supply vs. demand. What happens when demand drops off a cliff?

there was a time when i thought electric cost is straight up converted to bitcoin like back in 2011. i know better know. it's a factor sure. but not as straight cut.

it's more like bitcoin hashpower will always rise until it makes mining unprofitable at a given price.

>What happens when demand drops off a cliff?
the shitcoin dies but btc is special there is no forseeable cap to demand before 10% global adoption. it has it's place in the world finances even if you don't change a bit in the code.

>it makes mining unprofitable at a given price.

Yes , it forces old asics out the market because few have their own electric supply.

It's all part of the game theory and as i pointed here.

One of the main reasons of the price growth , the funniest shit is that the centralization caused by asics will be reverted naturally due to the moore law limits being reached.

They sell new BTC, most people are holding, some are trading (buying and selling) but miners always sell. constantly, they are the major, not only selling pressure on BTC. Cutting miner supply is big for people who hold old BTC and don't add new ones. It moves price and everyone is expecting it now. BTC stock to flow is getting closer to gold.
It can be used for that but why would you spend billions on pizza? Use higher inflation cryptos like XMR and ETH for payments
You know other cryptos piggyback on BTC in every way, including hash. It's what's keeping crypto alive, the backbone.