forbes.com
What will wall street think? Mathematical scarcity is why BTC price moves in a 4 year cycle. Its based on halving of supply to miners.
Use cases aren't worth shit without holders. Currencies move fast and price won't moon. Keep holding currencies, I spend those
medium.com
>scarcity
scarcity only matters if there is demand
why would I choose to use BTC
This
because after halving BTC inflation will be less than USD/EUR which will be good selling point of "store of value / digital gold"
Because central banks around the world are inflating currencies faster and faster. And governments are in the era of bailing banks out, further devaluing your $. Trade wars are being fought by lowering interest rates (US) or printing more yuan and buying foreign assets (China).
China can click 1 trillion yuan for nothing, into existence. US the same. BTC has to be mined.
That's why it's at all time high in the third world already. Venezuelans and Argentinians have to buy BTC every paycheck. If they don't the cost of everything has doubled in a week. The rest of the world is figuring out fighting hyper inflation is BTC's killer app. The US hasn't experienced much inflation in decades. The FED usually falls short of their 2% goal. Even 2008 with the crash we only had 5%. QE and bailouts didn't send it up past that either, which shocked the fed.
BTC is scarce and over 1 million buyers buy it for a million different reasons. More than 70% of the wallets hold less than $100. That's why you buy it.
immutable trustless borderless ledger, highly divisible, infinitely portable
As if these zoomer faggots know what that means.
along with what everyone else said, bitcoin is objectively the best cryptocurrency
>Inflation matters when it can go up or down 40% in value within two days
That's against the $. When you look at BTC vs Venezuelan Bolivar BTC looks 10X better. Asian and european countries are barely better and africa is worse. The US and AUD, CAD are the only 3 the try to keep their currencies strong in my life, AUD gave up and inflation is going up now
The halving cycle is an example of a supply shock. You see miners now are anticipating the halving of their stock and they sell less as the date gets closer. The market is starting to amplify the message around the halving driving price up. All of this was a tiny % of BTC price speculation years ago. Now even boomers in gold are starting to realize it too.
Price goes up because people hold.
>People hold because price goes up.
That's all there is to it. Don't delude yourself looking for any other reasons. They're periphery.
triggered
inflation has gone up, dipshit, why do you think the common man in the US struggles despite record lows in unemployment, it doesn't fit. The RPI and CPI are rigged to fuck, look at real goods that aren't subsidised.
here in Europe prices on essential stuff as rice and water increased 50-60% since 2018
makes you think
>2018 pack of rice costs 0.79 eur
>2019 pack of rice costs 1.29 eur
>2018 4-pack of 1.5l water 1.59 eur
>2019 4-pack of 1.5l water 2.79 eur
overall trend is clear
>why do you think the common man in the US struggles despite record lows in unemployment
because wages for most haven't gone up to the same extent.
Inflation hasn't gone up relative to US and our contemporaries. I agree with you about the numbers but you still have to compare to other currencies and countries costs of goods or inflation rate, doesn't matter much if you're comparing to the same numbers in the past or in others. Of course real inflation is going up, Money has to go somewhere. Massive $ printing and interest rates near record lows. Zoom out bro
Yep it's hitting you eurofags first and us Burgers have a central bank with 2% fed funds rate, that we're lowering in prep for a crash and this one looks to be inflationary
the amount of $ and how low interest rates are mean we should have had much greater inflation, real wages didn't rise much so the poor took most of that crash, usually the rich take stock market hits. In America it's us, the working class, that takes the hit by bailing the banks out and letting them keep our homes
USA home of the banks, we love them
interesting tidbit starting at 35:05
youtube.com
>There are lots of opportunities. But I don't think that, you know, unless you're going to do a lot of work and you're gonna be able to do as much work as, you know, someone WHO SPENDS THEIR ENTIRE LIFE ON IT. I don't think you go in and, you know, just buy bitcoin gold, or you know uh or uh or CHAIN you know or or or any monero. I mean I any, there are a lot of valid enterprises.
Yeah he's right. You have to do a lot of work or research to figure out the best of any group of cryptos.
My fav part is 39:34 because he latches on to BTC it's core. Supply inflation.
lower rates to pump markets with paper money with decreased purchasing power..
... few months further halvening and hype - oooooOOOOOoOoOOO this new self-proclaimed digital gold has less inflation than traditional money! buy buy goyim this is your future!
also brexit, china devaluing yuan, Libra, blah blah
for sure this is all very well orchestrated project
stock up popcorn, big show with fireworks is coming
/quit thread go sleep
have fun guys
what? You don't make sense
>why would I choose to use BTC
it's the only trustless permissionless publicly auditable ledger that is secure.
it's also unconfiscateable unless you are retarded.
Not it isn't. Look at any of the developed world currencies and their charts against the USD look like a straight line compared to BTC/USD. Nobody gives a shit about some Venezuelan bolivar. The combined buying power of Venezuela is like 100 USD. Not to mention, even in Venezuela, 99.9% of people would rather take USD than BTC.
Something that is not stable cannot be a store of value. BTC is supposed to be P2P CASH, something it absolutely fails at currently
I always thought that cryptocurrency was a clever scheme to get more fiat the easy way.
you've never left your city
BTC can't be stolen and Venezuelan soldiers are stealing USD from anyone who the people rat on. Would you hold $ in Venezuela when everyone's starving around you? They're hard to find in big quantities for a reason. Just go to the dollar store and pick up the dollars the government banned so they could confiscate from everyone. You dense motherfucker
No one cares what you think BTC is supposed to be and good cash is a horrible store of value. Cash is spent you dumbfuck and plentiful.
You don't know shit
Shut the fuck up you delusional retard. I bought my first btc in 2013 and I know very well what the vision was originally.
Please take a trip to Venezuela, ask anyone if they would rather you pay with BTC or USD, and then maybe you will get a reality check
>What will wall street think?
who do you think is behind this shit?
the original vision doesn't mean shit to most people. So please keep buying whatever shitcoin you think is the og vision. How's it working for you dumbfuck.
Good money doesn't go up in value you idiot. BTC needs holders not spenders, damn you guys don't get it. The market gives no fucks about what you think. BTC is a million different things the whitepaper left out. It's like the internet, a new fucking system without trust
youtube.com
You'll never understand boomer
very little of them so far, when will they rush in?
BTC is one of the many cryptoes faggots
why use that shit when there is better
Hashrate desu
Why use crypto at all? Take the gold pill.