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Bitcoin will crash to 4000$ in 2022 June - July

 
Anonymous Coward
User ID: 73649866
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05/11/2022 07:54 PM
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Re: Bitcoin will crash to 4000$ in 2022 June - July
What the fuck is gold backed by?

BTC is a store of energy. That's is the value.
 Quoting: Anonymous Coward 83197832


Huh. How do I get the energy back out? scratching

More properly it's a toilet for energy.

Energy goes in, but it doesn't come back out. (No offense to crypto.)

The noble metals in the periodic table (gold, platinum, palladium, rhodium, ruthenium, iridium, etc.) are all valuable because of their unique, irreplaceable catalytic functions in industrial chemical engineering.

...part of the bedrock of modern civilization.

Without supplies of the noble metals, we simply don't have life as we know it.
Of course, that essentiality leads to varying prices depending on supply & demand.

And when the "modern" part of civilizations goes poof, demand for the noble metals will poof too;
only food n water will matter..
hankie
Everything

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05/11/2022 07:55 PM

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Re: Bitcoin will crash to 4000$ in 2022 June - July
I think it sort of crazy that everyone who had invested all their hope in bitcoin, etc., also I think the central banks are late to the party, I can't see where they have much to pin to Crypto system, they also were into bitcoins, just so you understand the big guy world over were using bitcoin to hide their income and other reason they were hiding money, it was more like moving it without trails. They are rushing it right now, this is not a good sign for it working, reminds me of what Roman was trying and other countries around them, running for silver and gold, too late, yes, too late, their greed did them in. Neo, lost his mind, and everyone else wanted to kill him anyway. Their coin was fiat, fake coins in bronze, they had a coin, it just wasn't worth anything much. The system was the same as it is now, the same problems with property their property was losing value, their taxes were too high and their saved money wasn't really money. You could say the citizens of Rome were furious.

Just know, money comes, and it goes, life changes and sometimes that change, changes you for the better. If it all falls down, and you survive, this means you got the rhythm of how life can work without what we have now, it will be a lot quieter. You may want to think of something that can get you from one place to the other without gas, or such, mule, and you can cut down cars for wagons, just make them lighter, you can even use ox to pull things. I am sort of joking.

I have just given you an outline of a possible crash that has not happened in more than 1800 years or more. It does not change the fact it can happen again, if they don't, it could be over half way there, it would be the best that could happen. Painful, but not totally life ending.

I don't think we are going to end up in a OWO, it has been written they would try, they're trouble, they are too cocky.
You do know, most of the top people involved in this, has never had to really work in their lives. They only hang around with their own groups and don't really know about other mind sets. And they think we can not plan long term, or see their real things that have to be done, no, they can't see beyond their own ideas of other people and turning their noses up at others. They are worse than sobs. They are the same type who were into eugenics.
Sorry I got a headache

These are the times that tries men's and
women's souls!

May we come though it victorious!
Anonymous Coward
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05/11/2022 07:58 PM
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Re: Bitcoin will crash to 4000$ in 2022 June - July
It’s a jubilee year
A time of renewal, and things are going to happen.
Unfortunately none of them good
Anonymous Coward
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05/11/2022 08:01 PM
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Re: Bitcoin will crash to 4000$ in 2022 June - July
BTC and many cryptos will collapse, because the dollar and the euro are worthless, as the these fiat currencies down spiral to oblivions, many will rush to withdraw and convert their token to fiat to then either buy something tangible or to shift to other speculative investments strategies, that's for the smart guys that can even afford to lose it all without undermining their comfortable standard of living.

All the other schmucks will be wiped out, go bankrupt just when a global inflationary depression hits the whole global economy.

Cryptos are mostly tied to fiat, if suddenly fiat hyperinflate to become actually worthless, or if cryptos are made unconvertible to any fiat, the Ponzi crypto gambling scam would collapse overnight, leaving behind all the dumbed down brainwashed purist cointards holders and the stuck wannabe rich quick bagholders.

Not even mentioning the social meltdown as a result of many clueless idiots that would have lost third parties savings, that believed in their claims about paying them back double digits percentage return over their investment.
 Quoting: Anonymous Coward 82854957


This makes zero sense. Fiat is on its last legs. Our children won’t even know what paper money looks like. As inflation hastens, the value of crypto will sky rocket. As Thiel said, BTC is how we store value so it’s analogous to gold except undervalued by 100x.

I do believe there is fraud in stable coins but against the collapse of fiat, I’m rolling with crypto thank you very much.

BTC could never drop to $4K for two important reasons;

1) Fiat is too weak. That $4K is in dollar terms and the dollar is imploding
2) There’s too much support for BTC even at the $20K level let alone $10K or $5K. Remember it’s not just held by crazy GLPers anymore. Now it’s held by hedge funds, pension funds, etc.
 Quoting: Shaun Kaven


What's the value of cryptos outside the convertibility to mainstream fiat currencies ? none !

There's no solid BTC support left because we're entering a global inflationary depression coupled with a looming economic and military global war.

Once the big stake holders rush to sell off their loads of fizzy bytes, the BTC quoted value will drop like a rock very quickly, there's also the technical aspect that's being undermined, we have today less certainty the power grid and the telecom networks will remain stable as it has been over past times, either by criminal design or by the instability due to the new emerging global economic and financial crisis, these services will soon become much less reliable as the global crisis unfolds.

Most of you are delusional and brainwashed, but once the shoe will drop you'll finally understand.
 Quoting: Anonymous Coward 82854957


clappa
Anonymous Coward
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05/11/2022 08:01 PM
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Re: Bitcoin will crash to 4000$ in 2022 June - July
Pay attention to HOW MUCH MONEY IT COSTS TO MINE ONE BITCOIN ... full Amortization Cost.

AND ... pay attention to HOW MUCH MONEY IT COSTS TO MINE ONE BITCOIN JUST FOR THE ELECTRICITY

Once the amount to be received from a Bitcoin drops below it's electricity costs MOST miners will drop out since they are losing monthly money on every Bitcoin mined. Stay low for long ALL will drop out (most likely)

Full Amortized Cost, ie: the computers, the space they occupy, the manpower it takes to run them, is MORE than just the electricity costs.

IF the amount a miner can get for a Bitcoin is MORE than the electricity cost but less than the full cost most miners will probably keep mining but STOP investing in new equipment.

As more and more miners drop out what becomes of the so called "Public Ledger"?

It is my understanding that for Bitcoin at least, withOUT miners there is NO Public Ledger!! This is a hidden mine field waiting to catch the unwary.

Please correct me if my understanding is WRONG about how the Public Ledger is maintained, but NO MINERS = NO PUBLIC LEDGER as I understand it (thus you can't buy or sell Bitcoins)

As everybody should know after today's Crypto actions, not just the price but the impending collapse of various exchanges, LOTS of money is about to be lost in Crypto World due to bankruptcies of the various exchanges which will cause a LOT of the coins being held by those exchanges to just go POOF!! and disappear.

Going to be a wild ride over the next couple of weeks. Those that are leveraged up may LOSE IT ALL ... AND ... BE ON THE HOOK FOR EVEN MORE MONEY!! (how leverage works)
Anonymous Coward
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05/11/2022 08:02 PM
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Re: Bitcoin will crash to 4000$ in 2022 June - July
It’s a jubilee year
A time of renewal, and things are going to happen.
Unfortunately none of them good

 Quoting: Anonymous Coward 81044843


Too youwish for my taste.

No good except for them.

Bankstards are youwish fucks...
Anonymous Coward
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05/11/2022 08:05 PM
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Re: Bitcoin will crash to 4000$ in 2022 June - July
...


BTC is just an abbreviation for bitcoin... and bitcoin isn't going to 4000$ dollars - utter nonsense. Do you understand how much printed money the US government "invested" into this digital currency as a means to prop up USD?? Trillions. And dumb asses like China, and the lot burned hundreds of billions of USD just in energy. IQ around these parts is shallow.
 Quoting: Anonymous Coward 83190116


Nope, wrong.

BTC is the ticker for what is currently being called "Bitcoin core."
 Quoting: Anonymous Coward 83193552


So is BSV the real Bitcoin. The 2020 Economist cover thinks so. What say you?
 Quoting: Anonymous Coward 79737830


It's pretty damn obvious which is the real Bitcoin and who is who if you really do your diligence.

Which I encourage everyone to do. It's very easy to see through the bullshit if you actually try.

The propaganda is as thick as it is with politics. Only this is technology.

Either it works or it doesn't, and which works best matters most.

With Blockchain, Bitcoin technology what matters most is scaling.

If you don't know what scaling is, I suggest not investing in Bitcoin until you understand it and can see the big picture.

All other "crypto" is a ripoff scam essentially, whether they have good intentions or not.

Real Bitcoin can already do what all other "crypto" is trying to do and more.

But no other "crypto" can do what Bitcoin can do.

It's also the only chain that functions entirely on chain. (So many fools out there focused on $'s.)

Among other things, Bitcoin is a new, better, faster, more secure, more efficient Internet which everything will run on, (unless they nuke us back a couple hundred years to maintain power longer, prolonging the inevitable.)

We will only need one new internet.
 Quoting: Anonymous Coward 83193552


you are regurgitating sub 90 iq BSV talking points.

blockchain is a terribly inefficient form of electronic database,

this BSV idea that it can scale to infinity and you can move countless internet operations all on chain, is absurd.

it's you that needs to do the research, there is a sound rationale to small blocks or even decreasing block size,

rather than a bloated & senseless scaling approach which assumes we will have a surplus of energy and storage for years to come, having blocks which still easily propagate in low-tech low-fi low-bandwidth scenarios, is a major advantage to end user.

BSV people are delusional, qtards / flat earth tards of the crypto space,

you claim to have technological edge over every other chain / bitcoin,

but you insist on marketing yourselves as "the real bitcoin" when great majority of the space does not recognize you as such.

rebrand in order to be taken seriously, and try to succeed on your merits/tech, not flat earth tier propositions.
Anonymous Coward
User ID: 80194024
United States
05/11/2022 08:15 PM
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Re: Bitcoin will crash to 4000$ in 2022 June - July
don't short Bitcoin on exchanges

use Stock company which are invested in Bitcoin and short these if possible

Most crypto exchange will belly up after the crash
 Quoting: Anonymous Coward 80303254


IGTFO of crypto a year ago. I told all of you arrogant little assholes that bitcoin was going to take a shit. You bearded bun boys never listen to shit because you think you know everything.

HA bitches, HA HA HA!
Anonymous Coward
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05/11/2022 08:18 PM
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Re: Bitcoin will crash to 4000$ in 2022 June - July
...


Nope, wrong.

BTC is the ticker for what is currently being called "Bitcoin core."
 Quoting: Anonymous Coward 83193552


So is BSV the real Bitcoin. The 2020 Economist cover thinks so. What say you?
 Quoting: Anonymous Coward 79737830


It's pretty damn obvious which is the real Bitcoin and who is who if you really do your diligence.

Which I encourage everyone to do. It's very easy to see through the bullshit if you actually try.

The propaganda is as thick as it is with politics. Only this is technology.

Either it works or it doesn't, and which works best matters most.

With Blockchain, Bitcoin technology what matters most is scaling.

If you don't know what scaling is, I suggest not investing in Bitcoin until you understand it and can see the big picture.

All other "crypto" is a ripoff scam essentially, whether they have good intentions or not.

Real Bitcoin can already do what all other "crypto" is trying to do and more.

But no other "crypto" can do what Bitcoin can do.

It's also the only chain that functions entirely on chain. (So many fools out there focused on $'s.)

Among other things, Bitcoin is a new, better, faster, more secure, more efficient Internet which everything will run on, (unless they nuke us back a couple hundred years to maintain power longer, prolonging the inevitable.)

We will only need one new internet.
 Quoting: Anonymous Coward 83193552


you are regurgitating sub 90 iq BSV talking points.

blockchain is a terribly inefficient form of electronic database,

this BSV idea that it can scale to infinity and you can move countless internet operations all on chain, is absurd.

it's you that needs to do the research, there is a sound rationale to small blocks or even decreasing block size,

rather than a bloated & senseless scaling approach which assumes we will have a surplus of energy and storage for years to come, having blocks which still easily propagate in low-tech low-fi low-bandwidth scenarios, is a major advantage to end user.

BSV people are delusional, qtards / flat earth tards of the crypto space,

you claim to have technological edge over every other chain / bitcoin,

but you insist on marketing yourselves as "the real bitcoin" when great majority of the space does not recognize you as such.

rebrand in order to be taken seriously, and try to succeed on your merits/tech, not flat earth tier propositions.
 Quoting: Anonymous Coward 71238435



"this BSV BITCOIN idea that it can scale to infinity and you can move countless internet operations all on chain, is absurd."

Fixed that part you.

It's pretty crazy I know, Maybe even mind blowing to some I guess, but that is the Bitcoin design yes.

What would you prefer that it do differently?
Anonymous Coward
User ID: 83081297
United Kingdom
05/11/2022 08:18 PM
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Re: Bitcoin will crash to 4000$ in 2022 June - July
All crypto is a derivative of fiat. Fiat will fail and so will crypto. Once you understand this you will steer clear of both.

Convert your fiat into real assets while you still can i.e gold and silver bullion and coins, property, land, diamonds, and some commodities if you have the physical storage capacity for them.

You have been warned, this financial system is on its last legs. You have 2 years at worst, 5 years at best.

“For all nations have drunk of the wine of the wrath of her fornication, and the kings of the earth have committed fornication with her, and the merchants of the earth are waxed rich through the abundance of her delicacies.” (Revelation 18:3)

“And the merchants of the earth shall weep and mourn over her; for no man buyeth their merchandise any more.” (Revelation 18:11)
Anonymous Coward
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05/11/2022 08:20 PM
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Re: Bitcoin will crash to 4000$ in 2022 June - July
You guys really have a grasp on distributed ledger technology let me tell you.

/sarc

Like a bunch of idiots talking about something they have no actual knowledge of just to sound smart and get attention on a forum.

epiclol
Anonymous Coward
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05/11/2022 08:21 PM
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Re: Bitcoin will crash to 4000$ in 2022 June - July
All crypto is a derivative of fiat. Fiat will fail and so will crypto. Once you understand this you will steer clear of both.

Convert your fiat into real assets while you still can i.e gold and silver bullion and coins, property, land, diamonds, and some commodities if you have the physical storage capacity for them.

You have been warned, this financial system is on its last legs. You have 2 years at worst, 5 years at best.

“For all nations have drunk of the wine of the wrath of her fornication, and the kings of the earth have committed fornication with her, and the merchants of the earth are waxed rich through the abundance of her delicacies.” (Revelation 18:3)

“And the merchants of the earth shall weep and mourn over her; for no man buyeth their merchandise any more.” (Revelation 18:11)
 Quoting: Anonymous Coward 83081297


Just like gold failed when the USD was no longer pegged to the dollar?

< 80 IQ
Anonymous Coward
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05/11/2022 08:21 PM
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Re: Bitcoin will crash to 4000$ in 2022 June - July
XRP will be the only survivor.
 Quoting: Anonymous Coward 40756177


Iso 20022
Anonymous Coward
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05/11/2022 08:21 PM
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Re: Bitcoin will crash to 4000$ in 2022 June - July
Big block are more efficient.

Bitcoin is actually more green than our current systems.
Anonymous Coward
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05/11/2022 08:24 PM
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Re: Bitcoin will crash to 4000$ in 2022 June - July
don't short Bitcoin on exchanges

use Stock company which are invested in Bitcoin and short these if possible

Most crypto exchange will belly up after the crash
 Quoting: Anonymous Coward 80303254



Anyone who is big in crypto obviously did not live through the.com bubble



bump
Anonymous Coward
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05/11/2022 08:26 PM
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Re: Bitcoin will crash to 4000$ in 2022 June - July
All crypto is a derivative of fiat. Fiat will fail and so will crypto. Once you understand this you will steer clear of both.

Convert your fiat into real assets while you still can i.e gold and silver bullion and coins, property, land, diamonds, and some commodities if you have the physical storage capacity for them.

You have been warned, this financial system is on its last legs. You have 2 years at worst, 5 years at best.

“For all nations have drunk of the wine of the wrath of her fornication, and the kings of the earth have committed fornication with her, and the merchants of the earth are waxed rich through the abundance of her delicacies.” (Revelation 18:3)

“And the merchants of the earth shall weep and mourn over her; for no man buyeth their merchandise any more.” (Revelation 18:11)
 Quoting: Anonymous Coward 83081297


I need to brush up on Revelations...we are living it in real time...
#Zuckerberg for Prison

User ID: 78066189
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05/11/2022 08:26 PM

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Re: Bitcoin will crash to 4000$ in 2022 June - July
I bought Bitcoin the last crash when it hit $4000 a coin....I bought 10 coins, sold when it went over $30K then back down to 28.
RELEASE ALL OBAMA BIDEN CLINTON records...Putin is a asshole, just like Biden and Clinton.
Anonymous Coward
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Germany
05/11/2022 08:27 PM
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Re: Bitcoin will crash to 4000$ in 2022 June - July
binance alone had a trading fee revenue in 2021 of 14 billion $ or 521k BTC.

just them can buy 2% of the bitcoin supply every year at current levels only from trading revenue.

at 4k$ they could buy 14%.

the house always wins
#Zuckerberg for Prison

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05/11/2022 08:29 PM

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Re: Bitcoin will crash to 4000$ in 2022 June - July
FIRST TIME IN HISTORY that the BOND market and STOCK market are going to down at the same time....UGLY SHIT COMING.


Claim hardship, cash out your $401K and buy gold or at least put the money someplace that gives at least 2% on deposits over $100K
RELEASE ALL OBAMA BIDEN CLINTON records...Putin is a asshole, just like Biden and Clinton.
Anonymous Coward
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United Kingdom
05/11/2022 08:35 PM
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Re: Bitcoin will crash to 4000$ in 2022 June - July
All crypto is a derivative of fiat. Fiat will fail and so will crypto. Once you understand this you will steer clear of both.

Convert your fiat into real assets while you still can i.e gold and silver bullion and coins, property, land, diamonds, and some commodities if you have the physical storage capacity for them.

You have been warned, this financial system is on its last legs. You have 2 years at worst, 5 years at best.

“For all nations have drunk of the wine of the wrath of her fornication, and the kings of the earth have committed fornication with her, and the merchants of the earth are waxed rich through the abundance of her delicacies.” (Revelation 18:3)

“And the merchants of the earth shall weep and mourn over her; for no man buyeth their merchandise any more.” (Revelation 18:11)
 Quoting: Anonymous Coward 83081297


Just like gold failed when the USD was no longer pegged to the dollar?

< 80 IQ
 Quoting: Anonymous Coward 82174038


is gold worthless today, WTF are you talking about it failing?
the loss of purchasing power of dollar accelerated after Nixon broke the peg Einstein

gold has always been real money - what was gold in 1971 and what is it today in your precious fiat?
and that is after a monumental suppression through paper markets which are cash settled rather than physical delivery based otherwise you couldn't have a paper market 10 times bigger than the physical market

you crypto tards are going to get your asses handed to you and deservedly so because it's fundamentally based on your greed and the fraud of its promoters as you are all finding out right now
Anonymous Coward
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05/11/2022 08:35 PM
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Re: Bitcoin will crash to 4000$ in 2022 June - July
You guys really have a grasp on distributed ledger technology let me tell you.

/sarc

Like a bunch of idiots talking about something they have no actual knowledge of just to sound smart and get attention on a forum.
 Quoting: Anonymous Coward 82174038


if you meant me .. I actually know that POW is essentially outdated, was just keeping the post simple :p
Grove Street (Redux 3.0)
Grove Street 3.0

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05/11/2022 08:38 PM
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Re: Bitcoin will crash to 4000$ in 2022 June - July
btc maxis will hurt


best to get into utility coins not POW


that's all dead now

sorry guys

tether is fake too
And this is why we can't have nice things.
Anonymous Coward
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05/11/2022 08:42 PM
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Re: Bitcoin will crash to 4000$ in 2022 June - July
lol
 Quoting: BoneTrout


hesright
Anonymous Coward
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05/11/2022 08:44 PM
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Re: Bitcoin will crash to 4000$ in 2022 June - July
Big block are more efficient.

Bitcoin is actually more green than our current systems.
 Quoting: Anonymous Coward 83193552


CSW is who he says he is, but the same group of cryptographers that rolled out real Bitcoin moved on. ISO20022 compliant systems will be adopted by banks, governments, corporations, useful functional coins will be incorporated into that fabric. Defi may or may not survive. It will be tightly regulated.

Other coins may survive for a time as they who push the world forward love to sow confusion, misdirect attention and divide loyalties.
Anonymous Coward
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05/11/2022 08:56 PM
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Re: Bitcoin will crash to 4000$ in 2022 June - July
OUTCOME 3:

The pandemic ceases in late Summer, but at great economic cost. There is no recovery, and the world lurches through a severe depression. The Dow drops to 5,000, and Bitcoin reaches $180 USD and is rendered a "dead" technology.

Normality returns, to a degree, but there are shortages, by design, new restrictions, and severe economic struggles for the middle class.

During this time, a number of new laws are passed, designed to limit freedom. This occurs in governments around the world. The excuse for these laws is to stop any pandemic from happening again, new campaigns are released using slogans like, "Never Again" and "We Must Unite" and so on.

Through these campaigns, we gain consent to remove virtually all freedoms.
 Quoting: Anonymous Coward 80444533


where did u get this==
 Quoting: Anonymous Coward 80976455


The never again slogans are from somewhere. It’s about a bad pandemic and a lot of people dying. He got it from somewhere on here. I remember reading it.
NostraAnnus

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05/11/2022 08:57 PM

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Re: Bitcoin will crash to 4000$ in 2022 June - July
https://imgur.com/a/x2rDXqX

I saw it coming - it was an Inevitability

Fatality. Truth Ranger. Ipso Facto. Inevitability.

---------------------------------------------​-------------------------------------------------------------​----------------------------

Truth is like the sun...
Anonymous Coward
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05/11/2022 09:01 PM
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Re: Bitcoin will crash to 4000$ in 2022 June - July
OUTCOME 3:

The pandemic ceases in late Summer, but at great economic cost. There is no recovery, and the world lurches through a severe depression. The Dow drops to 5,000, and Bitcoin reaches $180 USD and is rendered a "dead" technology.

Normality returns, to a degree, but there are shortages, by design, new restrictions, and severe economic struggles for the middle class.

During this time, a number of new laws are passed, designed to limit freedom. This occurs in governments around the world. The excuse for these laws is to stop any pandemic from happening again, new campaigns are released using slogans like, "Never Again" and "We Must Unite" and so on.

Through these campaigns, we gain consent to remove virtually all freedoms.
 Quoting: Anonymous Coward 80444533


where did u get this==
 Quoting: Anonymous Coward 80976455


Type well Known billionaire into search. All 3 scenarios are a time sequence unveiling of everything that's happened. With any discernment you'll figure out who it is.
 Quoting: Anonymous Coward 78760788


bump
Anonymous Coward
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05/11/2022 09:02 PM
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Re: Bitcoin will crash to 4000$ in 2022 June - July
Bitcoin will crash to 4000$ in 2022 June - July
 Quoting: Anonymous Coward 80303254


June - July?

cruise

Try this week.

USDT (Tether) just was depegged from the USD.

Tether props up BTC.

Now that its unstable, if it crashes like TerraUSD did, BTC will implode within 24 hours.
Anonymous Coward
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05/11/2022 09:03 PM
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Re: Bitcoin will crash to 4000$ in 2022 June - July
The only crypto they will allow is Their new digital currency….
People will accept this new crash resistant currency backed by the central bank.
All the ones you see now were trial runs, sell them and cut your losses or accept what gains you have left.
Get Out bruh*
Anonymous Coward
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05/11/2022 09:08 PM
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Re: Bitcoin will crash to 4000$ in 2022 June - July
It is written that the anti christ hates gold and silver.
Maybe because it is harder to control,
So all this invest in precious metals trend, will lead to nothing.
They will issue digital credits based on your social credit score, etc.
Most on this forum won’t get much, well because you are on this forum.
You’ll own nothing, and be happy.
Happy you aren’t in a reeducation camp, like others.





GLP