Bitcoin is a Ponzi

[null]

Where is the next pool of large scale crypto buyers going to come from? Most retail investors who had extra stimulus money to spare got burned. Institutions are backing away en masse after the FTX collapse. And those who have never invested are more skeptical than ever.

from off-worlders

 

[null]

you know there were past bull runs and bear markets in crypto before Covid right? you don't need stimulus on that scale. markets are just waiting on the Fed to announce the pivot and it's back to business.

this shyt is like a broken record - "reatil investors will never come back" retail investors got burned after Mt Gox, more came back. burned after bitconnect and all the bullshyt ICOs in 2017, more came back. FTX isn't bitcoin. bitcoin still works. the fat crook will go to prison and the market will move on. regulations will eventually come in and wash out the bullshyt and help rebuild trust. people will be back and the market will keep growing. you underestimate people's desire to make money and the overall growth of the market from people using bitcoin & crypto

lawd a mercy

a lot of institutions are waiting on sidelines for the regulations to come in before they enter so they don't get burned like retail.

yeah like who. give me 10 names. 5 even ...

 

[In The Zone '98]

Bitcoin halving around March 2024 or so

New ATHs late 2024/2025 potentially

Why worry about the inevitable. Pack your bags and sit tight.

 

[the bossman]

lawd a mercy

???

yeah like who. give me 10 names. 5 even ...

I'm not in those board rooms. I just read the reports from those who are:

For traditional financial institutions, digital assets regulation gives the long needed clarity and certainty to enter the space and start building their digital assets offerings. For crypto native firms, regulatory clarity may mean having to quickly expand their regulatory expertise and compliance oversight, in line with global financial services regulatory requirements.

PwC Global Crypto Regulation Report 2023

PwC Global Crypto Regulation 2023 report provides an overview of the crypto regulation landscape, with a focus on financial services. It offers insights into how the regulatory frameworks are developing across the world and seeks to identify how this may impact relevant industry participants and...

www.pwc.com

Price volatility is the greatest overall barrier to investment reported by
investors surveyed (50%), consistent with prior years of the study.
Other concerns cited by investors surveyed include lack of fundamentals
to gauge appropriate value (37%), concerns around security (35%) and
market manipulation (35%), and concerns around regulatory
classification of certain coins as unregistered securities (33%).
The following page illustrates the obstacles to investing in digital assets
ranked by the institutional investor respondents.

https://www.fidelitydigitalassets.com/sites/default/files/documents/2022_Institutional_Investor_Digital_Assets_Study.pdf

 

[null]

I'm not in those board rooms. I just read the reports from those who are:

it's in the numbers you posted. 4.xbn holdings at average price of 30K current price around 18K = down ~40%

oops just noticed price is ~17k.

 

[BushidoBrown]

its not their fault there was no shortage of suckers for them to sell their crypto to

 

[☑︎#VoteDemocrat]

???


I'm not in those board rooms. I just read the reports from those who are:

PwC Global Crypto Regulation Report 2023

PwC Global Crypto Regulation 2023 report provides an overview of the crypto regulation landscape, with a focus on financial services. It offers insights into how the regulatory frameworks are developing across the world and seeks to identify how this may impact relevant industry participants and...

www.pwc.com

https://www.fidelitydigitalassets.com/sites/default/files/documents/2022_Institutional_Investor_Digital_Assets_Study.pdf

stop listening to consultants

they'll say anything to get paid

Of course they dont believe this shyt. They themselves dont even invest in it.

 

[lib123]

you know there were past bull runs and bear markets in crypto before Covid right? you don't need stimulus on that scale. markets are just waiting on the Fed to announce the pivot and it's back to business.




this shyt is like a broken record - "reatil investors will never come back" retail investors got burned after Mt Gox, more came back. burned after bitconnect and all the bullshyt ICOs in 2017, more came back. FTX isn't bitcoin. bitcoin still works. the fat crook will go to prison and the market will move on. regulations will eventually come in and wash out the bullshyt and help rebuild trust. people will be back and the market will keep growing. you underestimate people's desire to make money and the overall growth of the market from people using bitcoin & crypto

a lot of institutions are waiting on sidelines for the regulations to come in before they enter so they don't get burned like retail.

You're discounting the scale of new money that took crypto to it's new heights. That new money isn't coming back any time soon (best-case scenario) or never at all (most likely scenario). The Fed pivoting will be a slow down or stop in interest rate hikes, not near-zero rates. The internet was way more useful and mass adoption much more predictable yet it took 10+ years for Nasdaq to regain it's dot-com bubble peak.

 

[Tres Leches]

they right bitcoin has died 467 times

Bitcoin Obituaries Archives

Discover how Bitcoin has been declared "dead" numerous times, yet continues to thrive, proving its resilience in the evolving cryptocurrency world.

99bitcoins.com

 

[Hagendas]

Think it’s a joke brehs miss the boatbeing stubborn

 

[Virtuous_Brotha]

You're discounting the scale of new money that took crypto to it's new heights. That new money isn't coming back any time soon (best-case scenario) or never at all (most likely scenario). The Fed pivoting will be a slow down or stop in interest rate hikes, not near-zero rates. The internet was way more useful and mass adoption much more predictable yet it took 10+ years for Nasdaq to regain it's dot-com bubble peak.

Completely different era's though you can't compare the 1990's to now in terms of the investing landscape, the ease of access for retail investors/traders (including for shyt like options) along with the amount of educational content/ social media hype never existed in the 1990's, nobody was buying shyt from their smart phones with these incredibly user friendly apps so naturally it took a while for things to recover with such a limited amount of participators in the markets at that time.

I'm not saying there's a guarantee for all time highs to be reached anytime soon but there's no way you can compare any historic performance for any asset to crypto given how far tech has come since any of the previous assets.

 

[ogc163]

 

[ogc163]

 

[ogc163]

Out of the 16 price predictions for bitcoin, figures ranged from $10,000 to a whopping $500,000 for 2022. For context, bitcoin’s price was $46,000 at the start of the year, fluctuated to a year high of $47,000 in March, and has since experienced three major drops. It plummeted to $26,000 in May following the collapse of stablecoin TerraUSD; went down to $19,000 in June; and stumbled to $15,000 in November, when FTX and Alameda Research collapsed.

Today, bitcoin is priced at $16,500 — a drop of over 65% year-to-date.

Several media outlets were quick to publish the predictions of a group of ‘experts’ surveyed by Finder in January 2022, who said that bitcoin would peak at $93,717 and be worth $76,360 by end of year.

Finder edited its article; it recently predicted bitcoin will be worth $21,344 by end of year.

Crypto price predictions for 2022 were so off

Bitcoin and ether price predictions were absolutely wild last year. As 2021 came to a close, 'experts' got 2022 all wrong...

protos.com

 

[In The Zone '98]

,

Out of the 16 price predictions for bitcoin, figures ranged from $10,000 to a whopping $500,000 for 2022. For context, bitcoin’s price was $46,000 at the start of the year, fluctuated to a year high of $47,000 in March, and has since experienced three major drops. It plummeted to $26,000 in May following the collapse of stablecoin TerraUSD; went down to $19,000 in June; and stumbled to $15,000 in November, when FTX and Alameda Research collapsed.

Today, bitcoin is priced at $16,500 — a drop of over 65% year-to-date.

Several media outlets were quick to publish the predictions of a group of ‘experts’ surveyed by Finder in January 2022, who said that bitcoin would peak at $93,717 and be worth $76,360 by end of year.

Finder edited its article; it recently predicted bitcoin will be worth $21,344 by end of year.

Crypto price predictions for 2022 were so off

Bitcoin and ether price predictions were absolutely wild last year. As 2021 came to a close, 'experts' got 2022 all wrong...

protos.com

Bitcoin 3x every four years since creation.

Unless the world ends, BTC will be $100k or better late 2025.