I didn't understand, but I do now. I started looking into btc when it was 2000. It took me until last night before I realized something. Buy this, now. As much as you can. If you look at the overall picture of what's happening and the wealth being poured into crypto, you'll see that this is just the beginning. And btc owns over 50% of that space. All the money in crypto flows through this coin. That's it's value, that's what's going to make it rise. What makes bitcoin valuable? It's bitcoin. There are around 35 million millionaires in the world right now, and only 21 million bitcoin will ever exist. Let that sink in. Not even every millionaire would be able to own a single bitcoin. Some analyst predict a million dollars per bitcoin isn't far off. It'll become a status symbol. We memed a president into the white house, this isn't a stretch. I used to laugh at the green text about tipping an escort .000000001 btc. This is where it's headed, not laughing anymore. Spend 90% on btc and hold, use 10% to play with alts and grow your btc stack. Buy now, you're running out of time
I've finally understand
>Some analyst predict a million dollars per bitcoin isn't far off
This would give Bitcoin a total market value of 21 trillion dollars. If that's possible, I dunno.
I think the long term value of Bitcoin is well over 6k. But I believe there's a (large) dip in between.
is 10 BTC enough?
I cannot afford to gamble with them like some insane anons here
Total world money is around 60 trillion. So about a third of the world's money would have to be poured into crypto. Personally, I can see it but even if 100,000 is the top I'd still up right now
market cap != amount of dollars that people poured into btc
So while 21 trillion usd sounds like a lot it's not like it actually represents 21 trillion of economic value.
We should use some other metric like average buy price but I don't think that's possible to keep track of..
Exactly. It'll be at 100K a coin within 2 years.
i sure hope so, i am holding 10 and gambling with anything over that. started with 11 btc i held years ago, took 1 btc to play in alts and turned it into 4 btc worth of alts but getting justed since yesterday
>So about a third of the world's money would have to be poured into crypto
Not really, just think about all those people who bought btc at 10 usd, they didn't pay 6000 for them.
And all money in crypto eventually flows through the dollar. What's your point. Notice how we still compare cryptocurrencies to bitcoin. And bitcoin to $. By that logic fiat is king.
It's another form of money. But the difference is this isn't losing value like the dollar. People are already looking at bitcoin as the next "gold" in that it's a good place to store your money and not have it lose value. Its becoming more and more stable
Read
Just because some people bought it at really low prices doesn't mean the wealth won't be poured into it later because of how valuable it will become. Sooner or later people are going to want to sell and that's when people pour their $$$ into it. But at the same time, its only worth something if people are willing to buy with £ or $ etc.
The only way it can be worth something without Fiat currency is when normies finally realize how to use cryptocurrency and accept it as a normal form of currency. Right now btc is pretty limited in what it can purchase compared to USD.
But what happens when accepting bitcoin as payment becomes as easy as scanning your phone
My point still stands. For btc to reach 20 trillion mcap we don't have to put 20 trillion usd into bitcoin, we just have to reach a supply/demand equilibrium at 100k/btc.
yes
you can do that with ark soon, 8sec blocktime
I can see that happening. Just imagine you buy a house, want to fuck the tax man a little, and do 20% under the table. Previously this would be done with cash, now you can do it with crypto, much easier. Basically the entire shadow economy can move from cash to crypto, and some part of the legit economy as well.
Yes, but ark is worth 2 dollars and some change, and btc is worth 6000. It's value is its value, the money that flows through it. Not how fast it processes a transaction
Everyone who has bought at 10USD has cashed out by now except for maybe some early whales
How do you know this?
not really.
If I had bought, say 100 BTC for $10 each, you can just sell 50 BTC now at $6k
I mean, you really don't need to sell it all and convert it back into worthless fiat
When you buy btc you're not just investing in a coin. You're investing in crypto. How far do you think this will go?
Eventually the day will come when you don't have to going through bitcoin to buy other cryptos. Cut out the middleman as it were.
Then what's the value?
Eventually even biz will realize that BTC in of itself is dogshit.
> we memed a President into the White House
No you didn’t, Russia did.
fuck me
unironically people still believe this
fucking kek
i know this is dumb because the bubble WILL pop. but how do you buy bitcoin anyways? is it available on the tsx?
When that day comes, or I should say the day before the day comes, do you see btc being higher then now? Do you see their market dominance staying around the same, 50%?
Dont start getting FOMO and buying it right now... ITS GOING TO GO DOWN, IT ALWAYS GO DOWN, IT'LL GO DOWN QUITE SIGNIFICANTLY,
>don't think its going to die and not buy back in at the new floor, take that time to buy in and not buy in now when its the all time highs
>ITS GOING TO GO BACK DOWN, literally a couple weeks ago everyone on here though crypto was dying
>Eventually even biz will realize that BTC in of itself is dogshit.
Only deluded fucktards on Veeky Forums like yourself actually believe Bitcoin is dogshit. Please stop recruiting into your suicidal cult. Thanks!
Today's New York times
Bitcoins = finance + technology
2 for 1 sale on Link, today only
Bring a giant bag, supplies are running out!
wait one bitcoin costs over 7000 dollars? lmao fuck right off
Nice just doubled down for another 100k
What's it like sucking a cock? I've always wondered, faggot
Maybe you should've bought a year ago when it was $620
Its easier for humans to process $50.00 than 0.00833333333333 and most places who accept it price it as such.
the average person is never going to put up with this shit, on top of it being inherently worthless, whats happening right now is investors projecting its worth when in reality its a shadow of that. once big buyers start selling and consecutively it will drop like timber and will be a bloody mess for all you lower trier dummies who had your future in there
BTC has to drop back down to $800 for me to not make profit. I'll have plenty of time to pull out
ontop of it being a self regulated digital currency lmao not even Jesus had that much faith in human nature
why would you wonder that? faggot
already planning your demise, good stuff, well if you do make profit good on you, but dont fool the average joe
I don't think it's gonna die like you do, but even if it does I have no worries anyways
This hit me when bitcoin was $1,800. The epiphanies I’m getting now are that we’re all gonna be fucking rich. And by we I mean those who hopped on the train around that time. Guys who got in at sub $1,000 are already rich.
Welcome to your beautiful life, user. It only gets better from here.
You’ll be a millionaire
good luck bud
Still number of bitcoin users more than doubles every year
Where can I day trade bitcoins? Coinbase is decent enough for investing just for ease of use, but it takes like 12 days to fill a buy order. I just want to get in on this 10% a day swings
gold isn't really used to purchase anything yet is acknowledged by normies as an asset.
It is just a matter of time before altcoins overtake bitcoin dominance, notice the huge spike for the altcoins and the massive drop for bitcoin, this was a month or so before the BCH fork.
The current upwards trend is due to the second fork and I believe the forks were timed to maintain the BTC dominance and once people realise these forks are pointless, altcoins will have ~50% market share.
Once this happens the value for BTC will remain stagnant but stable while the altcoins will rise in price significantly as more and more people trade their BTC for altcoins, then again this could all be bullshit and 1 BTC could be worth $100k each.