[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 145 KB, 828x818, 1589628615906.jpg [View same] [iqdb] [saucenao] [google]
19213445 No.19213445 [Reply] [Original]

>vast majority of bitcoins is owned by people who 'can't cash out'.
>Millions of bitcoins held by people that are deceased or who have lost access to their wallets due to them not paying attention and buying/mining bitcoin between 2009-2013.
>Rich billionaires know this and are buying the dips off whales until they control vast majority of the supply.
>This will slowly stabilize bitcoin over time, allowing them to hedge against inflation and prepare for the blockchain revolution.
>Millions of Bitcoins are bag held by normies which will not sell until they moon/can reach their desired sell price.
>Bitcoin is now harder and more expensive to mine therefore half the amount of BTC can be dumped each year from miners

This is the reason BTC despite all odds has managed to stay above 3k for the past few years,
whales have been manipulating the price but are slowly losing control.

>> No.19214298

>>19213445
What's the difference between a whale and a billionaire? They serve the same purpose in the points you proposed

>> No.19214394

>>19213445
World of horror?

>> No.19214740

>>19213445
>hedging
>liquidity brought down to zero through a handful of billionaires
pick one.

>> No.19214898

>>19213445
>>19214740
yeah really to actualyze the dreams of most bag holders, we need nations which PRODUCE to adopt it

billionaires are too weak; majority are house niggers equivalent in our slave system while we tend the fields

>> No.19214952

>>19214898
Tf are you talking about? Billionaires own the majority of shitcoins. And if you own shitcoins I hope you bought when they were low. Bitcoin amd shitcoins in general will have its bubble burst similar to the dot com crash in the 2000s. Screencap this

>> No.19215119

>>19214952
what is this, 2016?

>> No.19215804

>>19215119
Lmao okay retard. Keep holding those bags forever

>> No.19215905

>>19215804
bump for this nocoiner

>> No.19216005

>>19213445
no way to check old hdds for wallet?