Is crypto currency...

  • Thread starter Thread starter Krull
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The US gubment is a big whale in bitcoin. The price right now and where it goes is based on if the SEC approves financial institutions being allowed to sell ETFs to the mass suckers out there
 
Krull said:
The price right now and where it goes is based on if the SEC approves financial institutions being allowed to sell ETFs to the mass suckers out there
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That has a little to do with the price movement. But look at the damn graph I've been posting for the last year.

Understand the halving. LOL, people can't get this through their thick heads ?‍♂️

BTC has a built in supply limiter, the halving cycle is what sparks a bull run every 4 years
 
JackTripper said:
This chart is fine if you are one who drives your car looking in the review mirror, but how do you know where you are going forward looking?

If it's not the stock market or metals, what are the predictors people rely on here?
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You are still not getting it. Jesus Christ ?‍♂️

You see those lines on the chart "Halving" ? We know when those halving evens occur, it's almost predetermined

Do you see what happens leading up to, and after those lines?

Do you understand why? Supply and demand!

The new supply IS CUT IN HALF, and demand stays constant. If you understand anything about economics, you know what happens next.

Think about it.
 
Let me try this angle.

3 Tons of gold is mind each year right now.

Suppose we know for a fact, next year will only be 1.5 Tons mined?

What happens to the price of gold?
 
Arch Stanton said:
*mined

:cool:
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I got it correct in the next line so

ezgif-1-b37e2248fb.gif

:ROFLMAO: (y)
 
Just realized Bitcoin is infinite. You can't continually parse gold, you can with Bitcoin though.
 
CrazyNutz said:
Do you understand why? Supply and demand!
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Those charts show historical behavior. I get that. What I'm asking--out of a real curiosity--is what is driving demand and how are you confident that demand cycle remains constant? The chart you posted is the same algorithm you could get from a slot machine.
 
It's crazy the next halving is almost upon us, these past four years have just flown. My job is in the Bitcoin/crypto sphere and I've been working in it for nine years now and it's a trip seeing where it is now compared to when I first learned about it in 2014 or so. Anyone interested in learning more, there's a lot of great information out there - and a lot of bullshit - a lot on the social media sites and internet. For god's sake, though - if you do decide to get into Bitcoin, keep your Bitcoin off the damn exchanges, rebuke any and all "advisors" and internet shills, don't spend more than you can comfortably afford, and just hodl.

A few good books if anyone is interested:

The Bitcoin Standard: The Decentralized Alternative to Central Banking by Saifedean Ammous

The Internet of Money Volume 1 & 2 by Andreas Antonopolous
 
JackTripper said:
Those charts show historical behavior. I get that. What I'm asking--out of a real curiosity--is what is driving demand and how are you confident that demand cycle remains constant? The chart you posted is the same algorithm you could get from a slot machine.
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Oh man, well you got the first part handed to you on a golden platter, and that is predetermined reduced supply by 1/2 every 4 years. What other asset can guarantee that?

And you can look at the historical graph to see what that has done to the price since conception.

I don't know what else you need? Do you need absolute 0 risk to make an investment? ?‍♂️

@watson503's advice is perfect BTW
 
watson503 said:
It's crazy the next halving is almost upon us, these past four years have just flown. My job is in the Bitcoin/crypto sphere and I've been working in it for nine years now and it's a trip seeing where it is now compared to when I first learned about it in 2014 or so. Anyone interested in learning more, there's a lot of great information out there - and a lot of bullshit - a lot on the social media sites and internet. For god's sake, though - if you do decide to get into Bitcoin, keep your Bitcoin off the damn exchanges, rebuke any and all "advisors" and internet shills, don't spend more than you can comfortably afford, and just hodl.

A few good books if anyone is interested:

The Bitcoin Standard: The Decentralized Alternative to Central Banking by Saifedean Ammous

The Internet of Money Volume 1 & 2 by Andreas Antonopolous
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Yes, this is solid info.

Particularly this:
if you do decide to get into Bitcoin, keep your Bitcoin off the damn exchanges, rebuke any and all "advisors" and internet shills, don't spend more than you can comfortably afford, and just hodl.
Click to expand...

Except I've bought low, and sold high with a portion of mine instead of just hodl'ing
Just going off the cycles
 
CrazyNutz said:
Oh man, well you got the first part handed to you on a golden platter, and that is predetermined reduced supply by 1/2 every 4 years. What other asset can guarantee that?

And you can look at the historical graph to see what that has done to the price since conception.

I don't know what else you need? Do you need absolute 0 risk to make an investment? ?‍♂️

@watson503's advice is perfect BTW
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ok, thanks for the info. I'm still in the Dimon camp on this though, as I was at the top of this thread 3 years ago.

Just curious, as a benchmark, what has been your annualized ROR since 2014 (or when you first invested)?
 
JackTripper said:
ok, thanks for the info. I'm still in the Dimon camp on this though, as I was at the top of this thread 3 years ago.

Just curious, as a benchmark, what has been your annualized ROR since 2014 (or when you first invested)?
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I wish I started in 2014 LOL. I just started in the last cycle, I had to figure out a lot, learning phase.

I'll know actual data for certain over the next few years as all my BTC investing is now tied to a company that I own part of.
 
Who or what is controlling the price movement because it's a joke. It moves thousands of dollars within minutes and then just sits there for the next bunch of suckers to buy into it

Anyways it will be interesting seeing the rise and fall of bitcoin in this supposed "halving" cycle. How many idiots will pay $100,000?
 
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