It's going to happen during a disputed election in the country of the world's reserve currency.
So far at least two businesses have transferred their cash reserves to bitcoin. Micro Strategy and one other. The dominoes are going to fall in the coming months.
I wouldn't be surprised if bitcoin businesses are raided by U.S. Feds.
The BitMEX crackdown is ridiculous in light of the FinCEN files. Deutsch bank was literally financing child sex trafficking with Epstein and terrorism with Daesh, and the U.S. CFTC and DOJ decide to go after BitMEX instead. Their selective enforcement and poor judgement have caused many people to question their credibility.
While I want to agree with you I have a hard time doing so. If the election brings turmoil the stock market is going to bring everything crypto down with it a la black swan wu flu
Liam Williams
What are the FinCEN files?
Jose Wood
Golden bull run isn't happening this year, but it will winter of 2021, once Trump is out of office, there is a vaccine, and things have stabilized
Benjamin Mitchell
This charts a meme, it only looks accurate because it was made retroactively
Joshua Lee
>Deutsch bank was literally financing child sex trafficking with Epstein and terrorism with Daesh, and the U.S. CFTC and DOJ decide to go after BitMEX instead.
would you really have expected anything different?
Brayden Brown
I don't think it will look like 2017, I think if it happens it will stay low and surpressed in price for ages. Then suddenly spring up like 2013.
Adrian Ortiz
once redditors go back is when the moon mission starts
Matthew Jones
new peak won't be until winter 2021 or even early 2022, but we'll push above 15k and then 20k over the next 3-6 months, probably a slow steady climb with a crash or two for good measure.
Matthew Taylor
>Elites are literally fucking the decapitated heads of children in sex dungeons but instead the "justice system" goes after goyim cattle who are committing non-crimes, can ya believe that?
Cameron Harris
>Deutsche Bank: *literally and provably funds terrorists* >USG: "HEY GOY! YOU CAN'T JUST FREELY BUY BITCOIN WITHOUT KYC, IT COULD BE USED TO FUND TERRORISM!"
Why'd you have to go and make me seethe this late at night OP
Bitcoin is a shitcoin you fucking boomer, do you not understand how technology works? It can’t scale. Normie money will pour into it for a little while this bullrun, bring it up to around 100K (ya not a bad profit), then BTC whales will have the sufficient liquidity they’ve been waiting for in order to cash out into LINK and other legitimate projects whose inherent value doesn’t derive purely from the scarcity meme. Bet big on big data and buy LINK
Jaxson Gomez
you literally just said BTC will go to 100k, stupid faggot. And yes, BTC is a shitcoin, but the whole market won't rise until it does. I'm buying XMR.
Connor Smith
>but the whole market won't rise until it does
wait for BTC to get unstuck from the 20 week MA, that's when things should get interesting for ETH and our shitcoins
Yes. It probably will. But the opportunity cost of holding BTC as opposed to projects will actual use cases and inherent value tied to data rather than pure scarcity is too great to legitimize holding any sort of majority BTC position. Obviously gains will be made on bitcoin. But I promise you the golden gains are elsewhere. Also, good choice with XMR. LINK/XMR is probably the best duo. But I stand my ground that BTC is a shitcoin and 2nd layer scaling will honestly just be too costly to implement considering better projects already exist
Ryan Smith
First mover advantage will begin to become a meme for Bitcoin as SOON as legacy systems implement the first and second project into an actual widespread framework
Nathaniel Wood
it's kind of a bother that coinbase won't support XMR. not being listed on trustworthy exchanges isn't going to help it.
Cameron Gutierrez
>thinks 'technology' has anything to do with it ngmi
There's a trade off between a guaranteed 10x (10k to 100k BTC) and gambling your money on ETH shitcoins. DeFi is a fucking ponzi, you could get the next 100x or 1000x, or you could get absolutely rugged.
LINK has an actual product, albeit it's only fueling the DeFi ponzi. XMR is used now in the #1 dark net market. As much as I hate that ((they)) have changed its definition from a digital currency, BTC has its use as a store of value.
ETH is a failure. Vitalik should be ashamed.
Brandon Robinson
It is frustrating for sure, but I suppose in some ways it speaks testament to the off-grid nature and philosophy of XMR. It truly is the ONLY currency that operates outside the government’s reach at this point (BTC privacy is a meme and it’s become a honeypot for “private” Txs). At the moment I hold zero XMR desu, but given the recent uptrend and my faith in its underground adoption I think I’ll begin DCAing
Ian Perez
Cringe. I literally mentioned how money will flow into it in the short run despite the shit tech. But if you think that’s sustainable then you’re going to get the fattest fucking rug pulled out from under you. I pray you’re not a maxi. Use BTC as a short term (1-2 year) play.
Connor Wilson
I mean, you can get it from Kraken, which is in some ways better than Coinbase. But while it definitely is a pain, people who are legitimately concerned with their privacy and interested in getting XMR can easily do so using a combination of VPNs and third party swapping sites, and XMR trustless atomic swaps are in the works already.
Anthony Price
It was NY state AG that indicted Mr Hayes
Carson Allen
>opportunity cost
Literally the most worthless pop. econ topic ever created
William Gray
I’d agree 99% of DeFi is a ponzi meme, but ultimately I think LINK is the golden goose. LINK has use cases that extend far far beyond the current DeFi ponzi also. That’s ultimately why I’m a quasi-maxi. I understand how BTC could be view as a SoV given the scarcity, but the big question mark that remains in my head is whether or not pure scarcity is enough to “convince” (or rather establish) some sort of INHERENT value, like gold for example. Other coins also have scarcity now. And certain projects (I realize I keep going back to it, but) like LINK are directly tied to the value of data, which is massive in the upcoming digital Information Age. There is a possibility BTC remains and I definitely understated the possibility initially, but it’s not something I could personally invest in given what I said before
Jose Adams
You’re a joke. It’s literal math. Yes Vitalik should be fucking ashamed unless he literally drops a bombshell amazing 2.0 soon that is somehow better in every way than competitors
Caleb Turner
>Cringe. You're on Zig Forums bro, this entire site is cringe. Also way to dodge the point, your clearly superior intellect is quite apparent. I will surely trust my financial future to big brain anons like yourself.
BTC is only given its value based on what people decide it's worth based on its scarcity. I think it's at the point where enough people provide this value such that its reputation now will not allow it to go down to lower levels seen in the past. That is, BTC can never go down to 1k, because enough people will consider 1k a steal of a price based on the price now, and buy it all up. The fact that the core developers are absolutely resistant to changing or improving anything about BTC supports this - they don't want to risk changing its reputation as the store of value.
For your sake, I hope you're also right about LINK, which has the first mover advantage for oracles. But considering CZ is backing Band with all his might, and Polkadot has announced that they will have integrated oracles, I'm not too sure.
Eli Watson
Guys, are you aware that 2021 is the year of the Metal Ox in Chinese calendar?
2.0 doesn't change shit at this point other than people won't be paying $50 in gas for buying their shitcoins on Uniswap. There's still no real world use case for Eth other than being a ponzi.
Nicholas Rodriguez
Nah, its a meme. the universe doesn't care that betamax was better than vhs, and no one is going to buy your defi shitcoins. They are all going to zero and you are going to staymad forever, the end.
Jackson Lopez
This is extremely good news user
Asher Myers
Gross....
It's... Reproducing....
Alexander Campbell
>For your sake, I hope you're also right about LINK, which has the first mover advantage for oracles. But considering CZ is backing Band with all his might, and Polkadot has announced that they will have integrated oracles, I'm not too sure.
LINK has been outperforming the market since 2018.
In your scenario you are waiting for a bullrun, but for some reason, only your coins of choice like XMR, Polkadot and BAND are going to enjoy the fruits of the bull, while Chainlink will not? You're biased yourself
Adam Campbell
>But the opportunity cost of holding BTC as opposed to projects will actual use cases and inherent value tied to data rather than pure scarcity is too great to legitimize holding any sort of majority BTC position.
So would IOTA be a good buy?
Carter Bennett
>BTC is only given its value based on what people decide it's worth based on its scarcity.
it's not merely based on scarcity. you still have to be able to transact without too much trouble. nevermind that bitcoin's hashrate is dependent on low-cost electrical energy. there are plenty of coins that are just as scarce. bitcoin is based on inefficiency.
