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CaptainButthurt 8 points ago +8 / -0

Bitcoin has been following the M1 almost exactly the last 4-5 years. Every time the money printers go BRRRRRRRR, bitcoin goes up further.

We've seen these lulls before. I've been in cryptos since 2013 as a miner, node operator, developer, investor, trader, etc. These ups and downs are standard.

In another 5 years when BTC is probably in the the 6 figure range, the same idiots declaring bitcoin and cryptos "dead" now will still be making the same moronic statements then too.

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deleted 3 points ago +3 / -0
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CaptainButthurt 4 points ago +4 / -0

That "virtual wealth" was a down payment for my house LOL! Of course I bought a coffee maker for 1.1btc years ago too... Like a 49k coffee maker now haha!

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deleted 2 points ago +2 / -0
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CaptainButthurt 2 points ago +2 / -0

I could have paid my house in full with btc if I had waited just 6 months... kicking myself still. But I paid $128 for my first btc on MtGox back in the day.

I know a guy that mined 125 btc. Sure hope he didn't sell until it hit 60k. He just disappeared off the earth when it spiked. Hope hes living it up now.

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nautica 3 points ago +3 / -0

My guts and my reasoning tell me BTC will soon go to its intrinsic value: 0.

Not saying that crypto will play a huge role in the future. But not Bitcon. It is the CCP and and the CIA who made Bitcoin. Both will go down. Dogetoken better, I am Ape and GME to the Moon with the help of God.

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Matticus 3 points ago +3 / -0

What the fuck are you on about

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deleted 1 point ago +1 / -0
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Pede_de_pie 2 points ago +2 / -0

Hey sorry for the dumb question (I’m new to investing) but I recently saw a video about Michael Burry expecting Bitcoin to crash due to it being in a “speculative bubble.” Also, I saw recently China (not a reliable source of course) is going to “crackdown” on Bitcoin mining—I don’t know if this is good or bad as if they stop, then I guess Bitcoin becomes more scarce.

I’m wondering how this impacts your bet, or if this was already calculated in? Sorry again if this is a dumb question.

https://fortune.com/2021/05/24/bitcoin-china-crypto-miners-crackdown/

https://youtu.be/vGr1-apv2p4

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McCarthyWarnedUs 1 point ago +1 / -0

Burry blah blah China blah blah. What gives bitcoin its value is the fact that if you keep custody yourself(not on an exchange) it can’t be confiscated, and it is deflationary. Inflation and corruption will keep going up up up, so Bitcoin will keep going up up up. My prediction is 88,765 by the end of year. I’m half retarded and it’s still obvious to me.

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SisyphusRockAndRoll 2 points ago +2 / -0

BTC market cap would be in the 20 quadrillions, that'd be 16.7 times the money currently in the world.

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deleted 2 points ago +2 / -0
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TopHat213 1 point ago +1 / -0

Give biden a few months, I am sure he will double the amount of money currently in the world.

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ShowMeWin 1 point ago +1 / -0

We have already doubled it in the last 24 months or fewer. NotFedNoReserve keyboard go BRRR.