DORMANT BITCOIN WHALE THAT BOUGHT 10 000 BITCOINS $0.79 EACH 14 YEARS AGO IS NOW ABOUT TO SELL THEM FOR 1 BILLION FUCKING DOLLARS. THE POWER OF BITCOIN!!

>>509511001 (OP)
and now no one can ever make money on bitcoin

F

based hodler. i had a few hundred at one point. now i have zero. still alive though.

Good. It's all consciousness and part of the plan

>>509511001 (OP)
>purchased
nigga, i mined mine back in 2009

>>509511001 (OP)
Talk about a patient man

means they cracked the keys, no one is forgetting a wallet like that and especially multiple at once, i wonder who is using supercomputers

>>509511001 (OP)
If he sold this would plunge bitcoins price you realize this right?

>>509511128
Since when were you under the impression that we died Mr. Anon?
>now load ze dip

>>509511001 (OP)
post address you ultimate gay man

>>509511001 (OP)
Can someone explain how the value of a bitcoin increased somehow from being worth 0.79 dollars to over 100,000 dollars?

>>509512952
It became an agreed upon unit of exchange in legal markets

>>509511001 (OP)
who is this person even? what type of person is that?

>>509512952
Same as any other money or money stand in

>>509512952
>A Ponzi scheme is an investment fraud that pays existing investors with funds collected from new investors

>>509512952
The amount of bitcoins has doubled since that time, but the amount of people who know about BTC and played around with it as an investment has increased 10000x. Back then you had like 20 people on earth investing in btc, now you have tens of millions of people competing for the same coins. The ones who bought back then were the ones who envisioned that something like this might happen

>>509511001 (OP)
RIP to all other hodlers.

>>509511121
>>509512629
This. Michael Saylor better sell quick.

also this whale is a patriot who will be doing america a favor. If the price sinks that much, no way is the usa gonna make it a strategic asset.

i also like how people are saying the price would crash and are admitting BTC is a pump and dump scheme

>>509513706
I remember hearing and knowing about it back in 2011. wish i would have bought some

>>509512952
organised criminals (drug dealers, weapon dealers, human traffickers, hitmen), white collar criminals (tax evading rich parasites) and state actors (secret services, officials from rogue states etc) injected massive amounts of money into into bitcoin as a means for facilitating illegal or immoral transactions

>>509512952
Tether, mostly. It's easy to inflate the value of fake money when you can print other fake money to buy the fake money with. Now add in 10,000 other crypto currencies and you're cycling the same fake money through exchanges over and over and over again.
It's basically a fake money tornado that just keeps getting bigger; and it got big enough to hook some big fish. It can't be ignored any longer which is why the GENIUS Act will get passed to regulate stables.
Interestingly enough, Tether moved their HQ to El Salvador who has been open about their love for Bitcoin.
I'm sure if you start digging you'll start finding ties between El Salvador and the Trump admin like you could find ties between Ukraine and the Biden/Obama admin

>>509511001 (OP)
1 billion worthless fiat dollars? ok retard.

>>509513912
You guys are retarded. Earlier this year the German government dumped hundreds of thousands of BTC and it didn’t lead to an apocalypse. In fact the price is up nearly 2x since then, those retards fumbled lmao

>>509511001 (OP)
>10 billion
>1 trillion market cap

thats like what 1 percent decrease?

>>509514035
this. Tether and USDC are the real factors here

>>509511001 (OP)
They'll never sell

Bitcoin niggers are greedy kikes who will never sell in hoepst they quintiple their money cause 1 billion isn't enough for them

>>509514101
>hundreds of thousands

wrong, faggot. they sold 49,858. and it did affect the price of BTC and it wasnt a neglible amount either. The price fell from 66k to 55k. i think it only ever doubled because the pro btc candidate got elected in november and theyve since lobbied hard with them for btc to be bought by the feds

>>509514250
depending on various factors, you dont need a large percentage sale to trigger a major selloff. you may just need a sudden price drop and certain psychological thresholds in price to break for the market to crash

The value of bitcoin is based on the billshit monopoly money that is usd.

Bitcoin and all crypto currency failed entirely to do away with Middle men and banks. It's it 100% tracable. It is a money laundering scheme of the 21st century. Good and bad people use it for that purpose alike.

You can make "money" off it, if you know when to buy and sell.

It's value is ALWAYS based on the USD it is ALWAYS traded for, in the end.

Gold holds true value and always will. Bitcoin will collapse I think, along with the Petrodollar.

On the whole bitcoin is LESS than worthless. It breaks two of the fundamental rules of a currency...it is over complicated, it is too fragile.

Look at all the infrastructure and tech required just to use it. All the energy to keep it alive. It could dissappear tomorrow.

It's a ponzi scheme. A money laundering tool. And perhaps a necessary tool at this time. But it is a mirage.

>>509515002
1. bitcoin is not 100% traceable
2. gold has not more „true value“ than bitcoin
3. anything can become a currency, if the participants agree on it. even pieces of shit can become currency, if so desired

>>509511001 (OP)
Jewcoin. Fuck off with your valueless bullshit.