18-24 months from now, there will be people who are excited about #Bitcoin entering a bear market, because "this time, it's going to 0." And then 4 years after that, and 4 years after that, and 4 years after that... You get what I mean. Bitcoin is never going to 0. People who wish Bitcoin goes to 0 (like @PeterSchiff) can't imagine being wrong about something. They missed out and now they want everyone who DIDN'T miss out to suffer. Just like the supply of new BTC is scheduled (it decreases 50% every 4 years), so are the crashes. On a sound money standard, NO ENTITY IS TOO BIG TO FAIL. When the price of Bitcoin goes up, retail investors get confident and start lending their BTC to financial institutions and making terrible decisions. These financial institutions start lending coins irresponsibly to earn a profit. In the legacy financial system, mistakes are forgiven by providing bailouts. This is because the legacy financial system is built on fake money (fiat currencies) that can be created out of thin air. On a Bitcoin standard, there are no bailouts. If you make mistakes, you're going to be taken out. A few months after April's halving, innovation will be at its peak. Anyone who built during the bear market will probably be very successful during the bull market. When the price of Bitcoin rises as a result of supply being cut by 50%, new businesses start offering services and products that are of immense value. But not all of these companies are doing what they say they do... After two years of prosperity is when the scammers are exposed (eg. FTX, Luna, etc). Over the next few years, we'll go through the same cycle that we went through the LAST few years. We'll hit a higher high. Then we'll hit a higher low. Then we'll be back to 50%-60% below the previous all-time high. This will happen over and over again until we are no longer using USD to value Bitcoin. With each cycle, there's more adoption - more people learn how Bitcoin works and they start moving their fiat wealth, which is worthless, into the scarcest asset in the world. In the next 6-18 months: • There will be people offering you 15-20% returns for lending your BTC • There will be others selling you some garbage that they created • There will be a lot more new coins that promise riches and wealth Study Bitcoin so you don't fall for the scams.
@rajatsonifnance It might not go to 0 but the astronomical pumps you are predicting are very unlikely when at every halving, every pop above previous ath is always a fraction of the one that came before
@rajatsonifnance You can buy at the very top and watch it drop 80% and you will likely be in profit if you wait 4 years.
@rajatsonifnance Dan Peña said Bitcoin will go to ZERO
@rajatsonifnance I will come back to this page when btc is going to be under 10k, and then I will want to see what you are going to post.
@rajatsonifnance I reenlist in btc every 4 years when my contract is up 😆 🤣.
Absolutely, its fascinating how sentiment around Bitcoin can vary so widely. The cyclical nature of markets teaches us valuable lessons on resilience and long-term perspective. Its a reminder to approach investments with caution and a balanced view, appreciating the fluctuations while keeping faith in the enduring value of innovative technologies like Bitcoin.