Question for oldfags

This. Unless btc becomes "le world currency" (which it won't) and forces everyone on the planet to purchase it, it will have trouble pumping to great heights.

Ask 10 people off the street if they have even heard of it. You might get one or two.

problem is that people off the street is poor AF

No, it's much more likely to extend the next bull market at least twice the time.

Just like Bitcoin as money meme transforming into Bitcoin as store of value, the stock to flow meme will transform into something else as it fails to happen.

>billionaires will buy bitcoin because uhhhh

Whales been hoarding fiat/cryptofiat
Big short then pump.

India just recently legalized it so that's a billion new customers and a postential half trillion in demand. Especially with their atms running dry so much this year

shit was on the news every day for 2 weeks back in December 2017

>billionaires kids will buy bitcoin to have fun about retarded peasants
"Scott, have you done drawing dicks with the btc chart? Dinner is ready"

No.

See what happens when interest rates go negative. Dolan already tweet teased negative rates. Btc will be only safe haven from that

This completely ignores the point of the halving. The greatest sell pressure on BTC is miners selling block rewards. When the block reward halves, you cut that sell pressure in half. When supply drys up, prices rise. It’s that simple.

It's not that it will go up, it's that it has to go up. The average cost to mine 1 BTC is something like $4K. At halving that becomes $8K. Consider all the exchanges, Tether, Bitmain, Blockstream, The winklevoss twins, Bitmex. They are all fucked if Bitcoin dies and they will do what is necessary to pump up the price for miners to keep mining. Not even Bitmex will keep the price too low because their entire fund becomes worthless instantly if they do. I predict at least $12K this year because if it doesn't reach that the entire crypto space will evaporate.

>It’s that simple.
it's amazing that some peoples still believe this shit, there's more volume in a 5 min dump on binance than what's mined in a day

people watch chico faggot vids and think they know what they are talking about

>When supply drys up, prices rise. It’s that simple
it's not retard... it's all about demand

Thanks to derivatives miners only make up 0.08% of the volume.

Kek absolutely not, most of the sell (and buy) pressure are retarded gamblers aka daily traders.

Yes but the next bull run will be slower and less clean to trade. The derivatives market is a lot bigger and more diverse this time and that will dampen volatility, particularly options. And there's more money sloshing around. The people talking about the actual halving day itself are all newfags and as soon as they mention moot points like "priced in" I can tell they're 2017fags. It's not about the exact day it's about the supply change that will take a while for the market to feel the effects of. I've witnessed every halving, but the last one I paid closest attention to because the first one I was newfag myself and all the bitcoin terms blended together and didn't understand the importance. In 2014-2015 the halving was as hyped as it was today and it was seen as the one thing that would lift us out of that soul crushing bear market. "Priced in" was mentioned every time and those people all felt smug when Bitcoin pumped and dumped around the halving event. That will happen again. Then when this thing goes north over the next 2-3 years they'll attribute it to some arbitrary reason and we'll be stuck endlessly having this discussion every halving.

High IQ post. So we have two years left to accumulate?

my dick will stop working by then

this

Yes and much of that is wash reading rather than legitimate sell pressure

It’s about both. My point is there is a guaranteed in reduced sell pressure from miners. Theoretically demand could drop the same amount and negate a price increase, but what would it?

>When supply drys up, prices rise. It’s that simple.
Exactly. My hairline is receding, so my remaining hairs must be mooning in value. I must be a fucking billionaire now.

*Wash trading

*why would it

I've already started using this expression in all situations that take to long. Thank you.

number go up forever

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why are you telling newbs the answers ffs

I need more time

we need another silk road type boom

Yes but earlier the better. Get a low cost basis and be locked in for those long term cap gains. After EOY set an automatic buy for 1-2 times a day. Don't look at charts and forget bitcoin exists. Don't follow the news or any of the latest drama. That's what I did in 2016-2017. I knew the fork wars were happening but I didn't care. Every cycle there's some bullshit that gets over amplified and bitcoin always marches through it like nothing happened. In late 2014 people thought Bitcoin would end because of BTCguild. Now I doubt anyone even knows what that is. I regret ever wasting mental energy on that shit. Ignore everything and accumulate robotically so you won't be burnt out when we get to the next peak and the fun trading happens.

One of the most important questions is what will it take to kill the leverage casinos? Bitmex is a scourge on the cryptocurrency scene. Has there been a reduction in leveraged trading since last month's drop?

knows what's up.

fek

No because I actually have a decent BTC stack now

dont thank me ,thank user.

Maybe in Africa

There is zero demand for your hair

>the struggle

Same.

in addition to crypto traders who consistently win and cash out, i think exchanges might be bleeding crypto dry. they're the biggest whales now and have to fund their servers and staff. i think they're the biggest deterrent but also have deep pockets and ways to pump up the price by restricting supply

individual whales/vets are rare and probably cashed out many times older

how big a whale are you? also you still betting on btc or moveing to link? at this point im doing this strat with two alts link being one of them. Btc is king but i think there are bigger gains

Bump

This

My wife is the dumbest person I have ever and even she knew what bitcoin was before I had ever mentioned it.

Maybe but it's a long way off.
There's always a post halving dump to deal with.
Also despite the fed printing trillions inflation hasn't hit yet. Probably going to be a while before it does.

Yes but its going to be a year+ before you see serious results.

exactly, his analogy checks out

More time to accumulate :)

Wise user. Thankyou for your wisdom an time.

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The 2nd halving pump doesn't look organic

Notice how the price immediately reacted to 1st halving but took too long to react in the 2nd halving

lmao chico faggot, dude is based though.

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Crypto is tied to equity market. No way it moons

This but unironically

>Yes but the next bull run will be slower and less clean to trade

what did he mean by this?

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