I'm bullish on Bitcoin. It has it's roots post 2008 crisishttps://www.marketwatch.com/story/what-fridays-jobs-report-could-mean-for-bitcoins-next-move-bb8227f5
>>58942368In a recession Bitcoin is losing 50% of its value easily. No one is going to hold that shit in risk off conditions. It’s volatile trash with no yield as a shit bonus.
>>58942457I did during COVID and I made a lot of money last golden bull run. Accumulate and you will be rewarded.
>>58942457Yield is needed for Proof of Stake concepts; Unlike Proof of Work concepts where the mining difficulty is halved, creating more scarcity and driving more value. Bitcoins newer, higher value is yet to be priced in. That usually happens the following year after the halving. People have been posting the same rhetoric on here for over a decade and still nobody learns
>>58942368>bitcoin is different you guisePictured: BTC price chart overlaid with the NASDAQ composite index from today. It's a near exact copy and has been for awhile now. Crypto as a "scarce asset" is a joke and those narratives don't seem to fit anymore. If there's any sort of bullrun it'll be no more than an adjustment that reflects the increase in mining difficulty, assuming we don't get mass selloffs from miners instead.
>>58942556Same rhetoric as always. God you people never fucking learn do you?
>>58942522this is the first time btc will see a real and very serious recessionthe coof flash crash doesnt count as a recessionnobody knows what will happen in the short to medium termlong term however printing is inevitable so btc will go up
>>58942556so what we are seeing so far is the effect of pure speculation and scarcity hasn't kick in yetthanks, we are so fucking early bros
>>58942565>there will be a bullrun because... there just will, ok?>>58942574I'd say we will likely see some sort of price increase after the US election as it always happens and people will call that a bullrun. It will in turn relieve some of the pressure from miners so we probably won't see scarcity kick in until mid-2025 next year at least.
>>58942572Literally same fucking rhetoric every single fucking time for nearly 15 years. Try harder faggot lmfao
>>58942629Sooner than that. Trump is going to destroy Kamala during the presidential debate in just 5 days. 2025 is going to be 2017 all over again. Same president, same bullrun
>>58942755Your picture is appropriate. There's virtually no chance of Trump winning the election.
>>58942792Did you forget about the Electoral College and their weight on votes in comparison to the percentage of weight of the polls of the people? LMFAOOOOOO
>>58942792Wait for the presidential debates on the 10th (5 days from now) then we'll talk about who's gonna win. Trump is going to gain all the swingies, and for good reason. Either way, I'm accumulating my stack. You do whatever the fuck you want my guy
>>58942755You dillweed, it doesn't matter who wins. The uptrend in the markets after every election is related to the sudden end to short and mid-term political uncertainty, not particular policies. But since you've revealed your retard powerlevel as a Trump fanboy i now know you're just some clown who got lucky with a bet on crypto once.
>>58942862I hated Trump last time and talked a lot of shit on him. Who was president during the 2017 bull run? Who was it that elected Gary Gensler as SEC Chairman to fuel the 'War On Crypto' regime? Who promised to fire Gary Gensler once elected into office? Who is already the vice president who can act on said false promises? I didn't think you were that retarded but HOLY FUCK LMFAOOOOO
>>58942862Long-term - it really doesn't fucking matter because I've been into crypto since Obama was serving his first term in office. That dude was LEGIT. But please, continue smelling your own farts. Do whatever the fuck you want because I can't stop doing what I love and crypto is my fucking life so get fucked and have fun with your head up your ass pretending to be smart
>>58942368nigger being bullish on bitcoin is waiting 10 more years when you can get some Gravity Labs and Panda Roll shit and make some money this year lol
>>58942457unless another recession so soon after the last one is the final straw for the public faith in the dollar and we start having a massive flight of capitalkeep in mind this is a fundamentally different macro environment than 2008. the fact that BRICS even exists nevermind actually gaining popularity was unimaginable 16 years ago.
>>58942862>le ebin blackpilled doomeryou're a dipshit, trump is campaigning on firing gensler while kamala is campaigning on promoting him
