The moves in the next 5 months are going to be massive and the FOMO that results will be intense, to say the least.
Big money /smart money like Blackrock keep buying ethereum . Overall that’s bullish but we are still in phase 2
One month eth chart
Yes it’s possible. Or we could go sideways for the next six months
Unlikely. Possible, yes.
I’m honestly done making predictions. If we get any sort of alt coin season, and any of my coins, get good pumps, I’ll be thrilled.
What I’m starting to realize is just how many coins there are right now compared to previous cycles.
That is crazy growth. Almost too good to be true. But did anybody actually do this "hypothetical" investing or is this just another sales pitch to get people to start doing this now? How many people in the world actually made 295 million investing in bitcoin under any paradigm? Better yet, how many poor and working class people with very little savings, education, and personal wealth invested in bitcoin and became new money millionaires? Or has bitcoin just been for high IQ IT majors, computer geeks, professional gamblers (Bilzerian, et al), the already well-to-do (like 50cent), and those who got lucky?
The real question is when will the number of bitcoin owners go from 106 million (1.3% of the world's population) to 200 million (2.5% of the world's population)? 5 years? 10 years? 20 years? 100 years? Because without BTC gaining wide adoption current holders could get left holding an empty bag should the price tank, which is probably why many current holders are so adamant about pushing bitcoin on others. You'd think that if you had a get rich quick scheme that you'd keep it to yourself, and so one thing that makes bitcoin suspect and seem like a pyramid scheme is that current holders are so quick to let others in on their "secret."
It’s for everyone. Yes, some dirt poor people became billionaires. Changpeng Zhao (CZ), the founder of Binance. Mauricio Di Bartolomeo and his brother lost everything in Venezuela, started mining bitcoin, and became millionaires. He barely escaped with his family when the government came for the miners (it’s a crazy story how they got out…with all his bitcoin but nothing else). They founded Ledn in Canada, by far the largest fiat lender for bitcoin collateralized loans.
The number of people doesn’t matter - it’s the amount of capital that does…
The price will tank, as it has 1000 times before. Bitcoin is volatile. That’s how coins get more widely distributed…if it only went up all the time, that’s not a real market.
It’s not get rich quick. Unlike fiat clown world, there is no need to keep any secret, there is no zero-sum game in bitcoin. Everyone benefits from more capital and more users. I enjoy talking about it, that’s the reason. People can’t stop talking about it because, once they understand what it is and what it means, they find it is among the most amazing tools that humans have ever created.
Unfortunately there is no 30 second elevator pitch. It takes a lot of time for a person to understand bitcoin. Some people will never truly grasp it. Meyers-Briggs INTJ and INTP are overrepresented in bitcoin holders. While SJ types are more common in the general population, they are nearly absent among bitcoiners. Everyone will eventually use bitcoin, but just like a woman driving a car, she doesn’t need to know much about it to use it (especially when everyone else is using cars and there are lots of roads and places to drive.)
I would rather live in a functioning society than a failed state. Bitcoin is the only way to ensure that me and my family will (just as it worked perfectly for Di Bartolomeo)
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While few people made $295 million there are many people on this thread alone who made 6 figure gains from investing in Bitcoin and some likely even made 7 figure gains.
Your points bring me back to my question a while back (that no one answered), is with major Investment firms like Blackrock etc throwing in billions, let’s say 106million nickel and dime individuals but 10 major investment firms having a large stake or more of the Bitcoin, does this set up pump and dump situations increase wealth of the elites while tanking the wealth of the 106m people who aren’t part of the “in the know” major investment group making the buy/sell decisions in lockstep. I almost see this move as another method of the global elites to gain power / wealth while ensuring to strip wealth / power from the masses.
They can manipulate the price short term but long term Bitcoin will go up. So as one of those 106 million people all you need to do to win is HODL your bitcoin (in cold storage) long term.
If you trade bitcoin, yes you will get poor. If you never sell, the wall street late comers are helping you.
If you just move to a bitcoin standard, dips dont matter, pumps dont matter. Strategy buys bitcoin at $6k and at $106k.
The only time I thought bitcoin was cheap was 2022 when it was $16k. Every other time it felt expensive. But it just keeps getting more expensive, so just DCA and dont think about it.
Since there are no bailouts, no bitcoin printer, fiat games like market manipulation are going to be unprofitable in my opinion. Borrowing lots of fiat to buy bitcoin seems to be the the winning play. Traditional wall street is way behind on this.
The Increasing Impact of Bitcoin’s Ancient Supply
Education and Insights Learn about bitcoin’s growing ancient supply and its potential impact on scarcity in the years to come.
Then why on earth would someone tout the greatness of paying one's bills in bitcoin? Furthermore, if bitcoin is only going up in value then only a fool would "take profits," much less pay their airplane mechanic in bitcoin.
Of course it does, which is why the full scope of your question was ignored and cherry picked for another pro-BTC "gotcha" moment.
The elites getting involved in BTC (which is a psyop fake out because the elites created bitcoin) is indeed an ominous "don't believe your lying eyes" sign of (((Big Brother))) corruption. The goal of a cashless society has been clearly stated by the elites, and bitcoin is the very definition of "cashless," but once again, "don't believe your lying eyes" on that glaringly obvious point.
Obviously I’m referring to people who are on a bitcoin standard, ie 100% bitcoin. If ALL YOU HAVE IS BITCOIN, you have to sell it to buy food, pay your mortgage and live your life - that is not selling it, that is living on it.
If you aren’t yet on a bitcoin standard, and treat it as part of a “diversified portfolio”, then don’t pay your bills with it! If you have money in the bank, get rid of it first. Once you have a 0 balance in fiat is when “selling bitcoin” is necessary and not harmful. Selling bitcoin to get more fiat, or “take profits” is where you lose, especially in bitcoin terms.
It doesn’t matter who created it. It doesn’t matter who created calculus, the smallpox vaccine, the printing press, or the jet engine. It either works or it doesn’t.
Just because bitcoin is digital does not mean cashless. It is digital CASH, as in a bearer instrument with no intermediary or trusted 3rd party. “Cashless” means a credit instrument or any instrument that requires intermediary institutions that can allow or diasallow payments. Bitcoin has no such control mechanism…it is cash that can be used in person, just like physical bills, but also over communication channels worldwide with the same lack of trust and lack of censorship AS IF YOU WERE TRANSACTING IN PERSON.
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The power law model answers this. Again, do more homework and become aware.
It's not a get rich quick scheme.
No. We've answered that many times.
Again, do your homework, the power law shows what will happen, as does logic, if you ... do your homework. Do you think that we believe the CAGR for BTC will increase over time?
We already have one. This is one of the funniest thing about the doom people, especially regarding BTC. We already had the first surveillance with the income tax. Then we had profiling with the IRS. Then we had "the mark" with the SS#. The game has already been played. Why do I have to tell you people what's going on and then for all of my efforts in increasing your knowledge, you sit there and just yell back, with falsehoods and denials!?
It is the only thing that MIGHT SAVE YOU from the "cashless system" that "they" desire.
It's both breathtaking and exhausting to tell people what's going on and clearly show how poor they think about things, given we are showing the solutions to boot.
That's how much we love you, in truth. And you show gratitude by increasing your ego and obnoxious ingratitude. Rather sad.
For what its worth, I don't mind re-answering already asked questions....this is a very, very long thread, on a subject that is not intuitive and goes against almost everything "learned" in fiat land.
The Pomp Podcast • #1568 CZ's Story: From No Electricity to Bitcoin Billionaire • Listen on Fountain
CZ is the founder of Binance, and is one of the most successful entrepreneurs of our lifetime. In this conversation we talk about when he first bought bitcoin in 2013, his childhood with no electricity or running water, career before finding bitcoin, starting Binance, managing bear and bull...
But guys, bitcoin itself isn't the focus here. How this whole cashless society thing has been repetitively instigated by the usual suspects is the big deal. That, and how you have to give up your cash to purchase bitcoin (which is cashless), is in itself The Scam.
This thread is not going in the direction I was hoping for. I never wanted to talk about bitcoin itself, just how like with 401K shenanigans (((they))) want you to give up your cash which bitcoin requires you to do, and how the US dollar is still accepted by 8 billion humans even through our disagreements that proceeded this whole mess.
If somebody wants to perma-ban me from this thread then please do. I don't see any good coming from my posts.