I understand people who are bearish in the span of months but fail to understand those who are bearish for years. Lets face it, being memed as a store of value will take this thing to insane amounts more insane than $20,000 each.
>Offshore money is $20-30 trillion just 1% on BTC will make it $2m a pop
Why the fuck would offshore money place their money in a shitty cryptopoop? Well the faggot in reddit back in 2014 said it nicely
Well now Bitcoin is expensive as fuck. It isnt just some poorfags toy anymore.
Can you imagine being so fucking wealthy and not owning a single bitcoin to even discuss with your other rich offshore boysquad? Pretty sure not owning even 1 bitcoin when you are a multi-millionaire is going to be considered as pathetic as not owning at least a few expensive paintings and such or whatever assets these rich fucks use to store their wealth offshore.
Just in case you brainlet bears dont understand, the supply is limited such that all the millionaires and billionaires in the world can't get 1 BTC each. That doesnt even include other rich boybands like the winklevoss twins hoarding a lot of these things for themselves.
Aaron Kelly
by this logic you should invest in xmr or sumocoin
Nolan Jones
>by this logic you should invest in xmr or sumocoin Do the rich offshore boys consider alts as the "premium" rich coin? No. Thats why BTC's position is so hard to beat.
Look at all the billionaires betting only on BTC because its the largest cryptocurrency. They want the most expensive one. Not some pleb-tier altcoin. Offshore boys want the expensive things.
it's about status for these people, not wealth appreciation. you can't discuss holding xmr/sumocoin with the old wall street boys at the yacht club cause they won't know what you're talking about, at least with bitcoin there's a brand recognition (plus muh digital gold)
Gabriel Howard
>being memed as a store of value Not everyone fall for memes like biztards
Camden Flores
so you guys actually argue that people with tons of money, dirty hands and a need to get a way with it will favor ye olde bitcoin because of brandrecognition over better protection?
Ethan Miller
>Not everyone fall for memes like biztards These guys get memed into spending millions of dollars to buy paintings ffs. You dont think they will buy a few bitcoins just because they can?
Parker Morris
OP is half right, bitcoin has the most prestige.
Jeremiah Evans
being rich gives you more than enough immunity from having 'dirty hands'
i'm specifically talking about people that want to flaunt their wealth to others, not preserve potentially illegally gained wealth from prying eyes
