I know about half of you think BTC is some scam or something, but it isn't, and it's well on its way to breaking a new all time high. It will get very close to, maybe even surpass $100K per in the next few months.
To those who said the ETF will cause BTC to CRASH... where you at now?????????????
I am just posting this to let people know that I wasn't an idiot, my predictions that you've all roasted me for in the past, is coming true.
To those who still are on the "but muh gold and silver" bus... ask yourself this...
If we are truly going to have a new finance system that takes over the current fiat system... do you really think that new system will use gold? Or something that is actually feasible and transactable globally?
Lets for a minute pretend the power and internet doesn't shut off for a very long period of time (it won't, not globally)... and it is just a normal fiat system crash that happens (much more likely)... wouldn't it suck to be sitting there on your pile of gold, unable to easily transfer it, unable to liquidate it fast, and no actual stores accepting it as payment (because all stores will switch to BTC or something else... not tangible assets like GOLD or Silver... that ONLY happens in a sever SHTF scenario, world ending type scenario). That would suck, wouldn't it?
I say again Bitcoin is the greatest threat to the current fiat financial system, the fed, and government control the world has EVER SEEN. If you actually think it isn't part of the plan, then you are living with a phat blindfold over your face.
I'm not saying to put all your eggs into BTC But I am saying that it is a very good idea to obtain at least SOME btc. If the fiat systems truly implode and disappear... bitcoin will be the only usable currency left. And it will be extremely valuable to the point where you and your family likely won't have to suffer nearly as much as those who thought gold and silver was the way and avoided btc like it is some sort of plague.
Still liking my silver.
It's been real money for thousands of years.
and it does not require electricity or devices to trade with it.
Also it's heavy an shiny and fun to play with. It has its own unique sound when you drop them into your hand. You can tell it's real by the sound.
Anti-microbial, and the #1 conductor of electricity...
Having silver isn’t a bad idea, the bad idea is not having ANY BTC.
BTC is far more likely to become a interim (at minimum) financial system, when the current one goes boom.
So you are saying I can buy some with silver then?
It looks to me like it's being pumped so SHF have collateral. What's going to happen when they have to give me my tendies?
It isn't being pumped for any other reason than the same reason it pumps every few years.
The halving.
In 50~ days, the amount of BTC miners will earn for their proof of work mining will be cut in half. Thus doubling the "cost" to obtain new BTC, thus creating scarcity and higher supply & demand, and a higher price.
This is a very predictable, calculable, and reliable pumping for BTC. It is the main source of every big BTC pump in history.
Looks like they use that as a reason to pump and dump,in any event buy low and sell high. Don't buy now, wait for the dump.
If it replaced the doller, I will be paid in all the bit coin I need.....
Nah, the market does react to the fact the halving is happening and that does cause a pump and dump type of market, but overall the price still rises significantly.
This is how btc has gone from $0.07 -> >$50K in 15 years.
It's the halvings.
When BTC first started, the block reward to miners was 50 BTC, today it is only 6.25 BTC, and in 50~ days it becomes 3.125 BTC.
Shortly before the halving, every time, miners are always barely profitable. The halving makes mining not profitable. Miners are forced to literally refuse to sell their BTC for anything less than a higher value to break even or make some profit on their electrical cost.
The miners drive the market and control it because the miners are the sole providers for new liquid bitcoin. Any NEW bitcoins that are put into the market, were sold into the market by a MINER who paid electricity to obtain that bitcoin.
So while yes there is a bit of fomo during halvings that causes a bit of a pump and dump... It is still going to result even after the dump, with a higher value BTC.
It is so calculable that we already know BTC will hit $85-87K this halving, any higher is additional gains from other factors (like etf's finally having to buy the btc to fill their orderbooks). I suspect we will maybe touch $100K this season.
And the next halving, we will see $300K+ BTC. Over just 4 years. And there is basically nothing that stops that from happening. The only way this doesn't happen is if the US Dollar becomes HYPER valuable and deflates significantly (not going to happen!).
BTC will break $1Million per coin in 2031.
I doubt it.
I agree. His post comes off sounding like the dude in the WalMart parking lot trying to sell $10 Rolex watches.
Also Dr Ron Paul was at a major bitcoin conference supporting the project. I was shocked to say the least. That’s what made me take a second look.
I don’t give a shit if it’s the wrong way to get my point across.
Look at past threads and the ways people would talk to me when I was trying to be completely wholesome and concerned and trying to alert people to the fact that BTC is part of the plan and we need to stop shitting on it.
This is why I talk the way I do now, about BTC.
I know my thread will change no minds. My thread is purely to poke the beast and to reveal to them that THEY WERE WRONG.
Idiots were trying to say BTC would go to $0 because of the etf, lmao.
If your point is to sound like a dbag, then u were successful. Grats!
Well ending the current financial system where govt's are effectively able to continuously enslave us with... is part of the plan... and Bitcoin is the only true threat to that system. We may still use dollars with whatever new system is implemented... but bitcoin is the catalyst for making the current system collapsing be something that won't destroy the world, because we have a great alternative that exists, is immutable, global, and efficient. It's called Bitcoin :).
And to be honest with you, I truly believe people who have no btc... are going to be very sore when the current system collapses. So yes, I am saying if you have no btc and only precious metals you are going to be semi-fucked. You will have issues "spending" your metals, when stores all accept Bitcoin because it is far easier and more realistic in a time like that... than precious metals.
Holding only precious metals, you'll eventually have to liquidate them for Bitcoin (at a MUCH higher per-BTC cost than today).
I think having SOME gold and silver is a very good idea. It will hold it's value and can be converted into goods for sure. But for the day to day regular spending... BTC will be king, and I think obtaining some of that has been a very good idea, it would have been better though if people did it when I first started talking about it.
Keep in mind, my overall thinking is no more than 10% of anyone's worth should be invested into ANYTHING. So overall I am only talking about that 10%... I believe the smart play is having some portion of that 10% be placed into BTC. Not all of it, but some of it. Even if you change your mind after some months, we are in the middle of a bull run so selling and getting out will likely result in a financial gain overall. The risk is very low, far lower than the risk of being wrong that BTC won't be the primary currency if/when the shit hits the fan with the current system. It's just my opinion. My thread is to just point out to those I have argued with in the past, that what I have told them all year was going to happen... is happening.
Silver and gold are the threats to the fiat system, not made up computer digits.
Inflation changes the value of the stock market and Bitcoin. But it doesn't change the value of silver and gold. They are mostly unchanged in real value. An ounce of gold will still buy a nice suit of clothes, just as it did 100 years ago. These are facts.
Because he knows it can end the fed ;-) for real.
If bitcoin was real money I could buy all I need with silver.
What plan? I will do well with zero Bitcoin, but a stock of commodities, including silver and gold.
This move in crypto is NOT IMPULSIVE move guys! It's B move in ABC Elliott wave pattern. Deep correction which can even fake breakout top. Get out of crypto. Buy DWAC (do you really think Trump's stock isn't going to earn you some money?), GME(probably most profitable) or physical metals. And DRS your shit.https://www.drsgme.org/
Edit: More precisely ABC flat but same story..
BTC ETFs just moved in. people would rather allocate to btc than bonds.
You will never convince me that ANY stock is better than BTC.
DWAC is great, but it’s not going to save you when the market crashes and fiat system implodes. Bitcoin will save you, silver will as well just not in as big of a way.
BTC pumped through stablecoins which have totally crystal clear asset backing (cough tether cough)...
This is factually not true.
A very low percentage of the total money in BTC was purchased through stablecoins, and very little of it liquidates through stablecoins as well.
I do know that Tether is a ticking time bomb, but it has no real bearing on bitcoin itself. Yes, when tether goes boom it will hurt the crypto market and BTC price will come down some, but it will be temporary. Just like every other "disaster".
BTC can be viable option in the future for investment. But it shares its movement with stock market a lot. I don´t think market is going to head up right now (except some exceptions mentioned).
the stock is related to a company, companies have leaders, leaders can fail. Nobody owns or controls the BTC protocol.
The reason why gold and silver are valuable, is because of their real world use. Electronics, jewelry, pyhsical currency, etc. Bitcoin has no real world application, it's basically like buying silver on the stock market. It's cool if you want to do that, but don't come in here like some arrogant dipshit telling me what I should and shouldn't buy. Or bragging when you were correct about something. Not a good look.
Inflation is running up Bitcoin just like it is the stock market. It's all fake.
Silver, gold, and other metals and commodities are real as can be and always valued.
I don't know many people who could actually buy any Bitcoin, but almost everyone I know can buy silver.
I seriously doubt "all" stores will ever switch to Bitcoin. They can barely handle debit card transactions without putting all their "minds" together.
Here's a tip. If paper money gets replaced by a new currency, perhaps at 100 to 1, then all your regular coinage suddenly becomes 100 times more valuable.
If Trump gets in, then we won't have to worry about those things. But I'll still keep my various hard assets. The wealthy hold hard assets, and they should know how to stay rich.
Please repost your confidence exactly when btc is crashing....rapidly.
we did. and will continue to, my strategy hasn't changed. its ok that not everyone understands BTC. no hard feelings just want to help. someone once took a few mins to educate me and its paid off. WWG1WGA
Keep the downvotes coming!!!!
You will one day have to admit how wrong you were lol. Cant say I didn't try my hardest to warn you and open your eyes!
Could be the fact that you insult and call names to make your point.
theta,:)
It's doing well as well :D
We tried to tell folks at $15k and got laughed at over internet money. It's all good tho, I've been working my plan, best of luck to everyone!
Yeah man, I’ve had this battle for years here now. :)
I will always poke the bear and let them know how wrong they were to effectively try and “shut us up”… by calling us shills and morons, etc.