BITCOIN Discussion..........

[homie1975]

Lol

I’m making money today after adding two days ago.

Miker
are you trading it or holding?

 

[Pimike]

Miker
are you trading it or holding?

Holding and adding
I stopped trading for now

 

[Pimike]

Bitcoin rolling in September!!

 

[rabiddog]

Mike volume at all time
Lows

the public long gone from coins all got wiped out

That's why now is the time to be accumulating. The public will be back when Bitcoin breaks all time high in a year or 2. Most your takes on Bitcoin in the past have been wrong. Your a typical retail investor.

 

[homie1975]

That's why now is the time to be accumulating. The public will be back when Bitcoin breaks all time high in a year or 2. Most your takes on Bitcoin in the past have been wrong. Your a typical retail investor.

Dogger
you think BTC is going to eclipse the 67K high within the next 1-2 years? I love it but what do you believe will propel the move back up? i mean i want it to happen because it means there is an ~80% chance that the stock market is at all time highs as well but we have some headwinds in that dept so I am wondering if the halving event next April is what will drive this?

 

[kostasmalina]

That's why now is the time to be accumulating. The public will be back when Bitcoin breaks all time high in a year or 2. Most your takes on Bitcoin in the past have been wrong. Your a typical retail investor.

his job is to get paid for being wrong
I'm actually envious

 

[rolandcorts]

Why do people think halvings will spike the price when everyone knows the halvings will occur and when they'll take place?

The level of discourse surrounding BTC is at the IQ of a retarded insect

 

[Ace7550]

Why do people think halvings will spike the price when everyone knows the halvings will occur and when they'll take place?

The level of discourse surrounding BTC is at the IQ of a retarded insect

Because after every halving bitcoin skyrockets. Literally every time. Will it happen this time? No one knows for sure. But history often repeats itself...

 

[rabiddog]

Dogger
you think BTC is going to eclipse the 67K high within the next 1-2 years? I love it but what do you believe will propel the move back up? i mean i want it to happen because it means there is an ~80% chance that the stock market is at all time highs as well but we have some headwinds in that dept so I am wondering if the halving event next April is what will drive this?

Not right away. But 3-9 months after it happens the reduced supply will start to show up. Also there a good chance by the middle of next year the fed has to start to ease. So there will start to be more liquidity in the markets and with the ETF that should be approved there will be limited bitcoin available. This will propel bitcoin to all time high's by late 24 into 25.

 

[rabiddog]

Why do people think halvings will spike the price when everyone knows the halvings will occur and when they'll take place?

The level of discourse surrounding BTC is at the IQ of a retarded insect

Because with less selling pressure from miners and if there's the same demand price go's up. We're going from 900 to 450 bitcoin a day. It won't shoot the price up over night. Then once you get bitcoin above all time high you start to get the fomo people pouring in and shoots the price even higher. It happens all the time in Bitcoin and other markets.

 

[Ace7550]

If you cut the supply of something in half but the demand remains the same the price should double. But once the price doubles fomo sets in and then you have the 4-year-bitcoin-baloon

 

[rolandcorts]

That just goes to show how ridiculous the BTC market is. If you suddenly and unexpectedly cut the supply of something in half, then price should double. But this is perfectly predictable so it should be priced in. It's like if it was announced today that on Jan.1, 2024 the U.S. govt will gift Apple $500billion dollars, the stock should go up immediately today, not on Jan.1.

 

[Ace7550]

That just goes to show how ridiculous the BTC market is. If you suddenly and unexpectedly cut the supply of something in half, then price should double. But this is perfectly predictable so it should be priced in. It's like if it was announced today that on Jan.1, 2024 the U.S. govt will gift Apple $500billion dollars, the stock should go up immediately today, not on Jan.1.

Your assertion makes sense. But still, it's happened every time without exception. Maybe it's because people aren't always rational and don't always plan ahead.

 

[jjgold]

many brokers USA removed bitcoin from their platforms
why?

Losing money not worth the hassle and massive costs providing it

 

[homie1975]

That just goes to show how ridiculous the BTC market is. If you suddenly and unexpectedly cut the supply of something in half, then price should double. But this is perfectly predictable so it should be priced in. It's like if it was announced today that on Jan.1, 2024 the U.S. govt will gift Apple $500billion dollars, the stock should go up immediately today, not on Jan.1.

agree.

 

[Pimike]

Lol

so many don’t understand bitcoin

 

[homie1975]

Lol

so many don’t understand bitcoin

please explain !

 

[vidman.eric]

Lol

so many don’t understand bitcoin

I would really appreciate some advice about bitcoin... or how to get started in the world of crypto.

 

[rabiddog]

That just goes to show how ridiculous the BTC market is. If you suddenly and unexpectedly cut the supply of something in half, then price should double. But this is perfectly predictable so it should be priced in. It's like if it was announced today that on Jan.1, 2024 the U.S. govt will gift Apple $500billion dollars, the stock should go up immediately today, not on Jan.1.

It won't double, it will go up if everything was equal. It's just another catalyst that will help propel the price higher. The first catalyst is demand, if there's no demand the price won't go higher. You can't compare Bitcoin to Apple different type of asset. Because Bitcoin has been excepted as an asset world wide these are the things that will help it propel higher in the next 2 years. Spot ETF, Rate Cuts coming next year and into 2025, US Debt buybacks = liquidity, 2024 Election year and the Halving witch reduces new supply. After the halving Bitcoin inflation rate will be below .9% a year. It's at 1.8% right now Gold's is around 2% a year. Bitcoin right now is a boring, usually when things are boring they tend to trend down. Tourist tend to move to other assets, they will be back when the fun starts again the FOMO will start to come back when it breaks all time high and beyond.

 

[rabiddog]

many brokers USA removed bitcoin from their platforms
why?

Losing money not worth the hassle and massive costs providing it

What brokers removed Bitcoin? If anything there have been more brokers added this year. Fidelity as of this year lets customers buy Bitcoin, they are huge asset manger, there's also been many others. Are you listening to main stream media again. There was a banking issue for crypto business's created by the government namely Liz Warren "Crypto chokepoint". There are more ways to buy Bitcoin now then there was a year ago.