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Author Topic: Bitcoin run up is coming  (Read 884 times)
Skybuck
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November 06, 2021, 08:21:14 AM
 #1

Now that the inflation is rising in Europe, caused by energy costs ?! <G> there will be a run on bitcoin to maintain wealth.

The inflation is already at 4 to 5% maybe even higher.

This can not continue for longer before rich people start to get very nervous.

If there ever was a time where bitcoin is going to skyrocket out of control, it's the coming 3 to 6 months ! Wink =D

Banks will panic, Banks will buy bitcoin too, with bank account holder savings.

And the bank account holders will be the nigga holding the bag, worthless money caused by inflation.

From riches to rags ! LOL.

I don't have the balls to buy bitcoin right now.

But if you are balsy... then you now know what to do.
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November 06, 2021, 08:56:21 AM
 #2

Now that the inflation is rising in Europe, caused by energy costs ?! <G> there will be a run on bitcoin to maintain wealth.

The inflation is already at 4 to 5% maybe even higher.

This can not continue for longer before rich people start to get very nervous.

If there ever was a time where bitcoin is going to skyrocket out of control, it's the coming 3 to 6 months ! Wink =D

The energy costs are really high and then there are the costs for petrol and food. It's all gone up a lot. But people can still pay for it and will have to/want to. I don't think this will happen in 3 - 6 months, but sooner or later there will be a financial crisis. You say it, this can't go on like forever.

Banks will panic, Banks will buy bitcoin too, with bank account holder savings.

And the bank account holders will be the nigga holding the bag, worthless money caused by inflation.

The banks or financial service providers are aware of the danger and they are afraid, but I don't think it's that high. Whether there is a panic there, in europe it will take longer. People have a lot of money in most european countries.

I don't have the balls to buy bitcoin right now.

But if you are balsy... then you now know what to do.

Why don't you have the balls? I don't understand. If you want bitcoin, then you can slowly start buying and hodln. You will only lose if the price falls and you sell. If you hold it, then you won't have any loss. 1 BTC = 1 BTC

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November 06, 2021, 09:11:04 AM
 #3

So many things to consider right now for Bitcoin to go more upward.
Yes, I agree that hyperinflation is the major key here another up leg for Bitcoin. That's why Bitcoin is still on sideways these days and not dropping below $50,000 which good sign.

This is the major problem that Bitcoin can solve which I can consider Bitcoin will solve it.

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November 06, 2021, 09:52:22 AM
 #4

The banks or financial service providers are aware of the danger and they are afraid, but I don't think it's that high. Whether there is a panic there, in europe it will take longer. People have a lot of money in most european countries.
If by a lot of money you mean a huge liquidity, then you are right and everyone know it for a long time. The day the governments decided to print a ton of money out of thin air we knew that the economy is going to turn into shit. The crises that we see today are the product of those days.
The funny thing is that the financial crisis happened in some eastern countries in early days of Covid as they printed money too but it was small since it happened early. In Europe and US it seems to be hitting them harder as it was accumulated and postponed a lot.

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November 06, 2021, 09:57:35 AM
 #5

I disagree. I don't think this will affect BTC price in a big way unless a major financial crisis breaks out in Europe in the near future which will most likely not happen. We aren't just talking about a single country like Greece here.

BTC will continue rising slowly and steadily in price regardless of such events in the coming events based on historical data in my opinion.

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November 06, 2021, 10:23:58 AM
 #6

For some people might say something like that will happen, but maybe there will be a way to deal with inflation without having to run to bitcoin, inflation has always existed even before bitcoin, and that problem can also be solved. we just don't know for sure how it happened. CMIIW

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November 06, 2021, 10:31:15 AM
 #7

The banks are conservative and would really find a way to hedge against inflation. They'll surely diversify their depositors money but only to those investments that they have an assurance.

For some people might say something like that will happen, but maybe there will be a way to deal with inflation without having to run to bitcoin, inflation has always existed even before bitcoin, and that problem can also be solved. we just don't know for sure how it happened. CMIIW
There is but it would be a lot of methods that they have to add at the same time. But bitcoin as their choice, some of them really are having interest on it but we can't be sure if many of them will.


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November 06, 2021, 10:51:26 AM
 #8

Banks will panic, Banks will buy bitcoin too, with bank account holder savings.

Banks will panic about what? In case you haven’t noticed, they are at the top of the food chain, and they will never run out of prey, most of the world’s urban citizens are completely dependent on banks. Even if 2008 happens to them again, do you think governments will allow banks to fail?

I don't have the balls to buy bitcoin right now.

You and at least 90% of those who understand Bitcoin at least to some extent, and this is nothing new - 5 years ago people did not believe that Bitcoin would succeed and it was difficult for them to invest only a few hundred $ to buy 1 BTC, and today these same people do not have courage or money to invest. The same old story that repeats itself every few years, and I bet people will think the same way in 2025 or 2030.

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November 06, 2021, 11:57:10 AM
 #9

Yes, a rise in the price is inevitable by the end of this year. I mean, I had to see such bullishness around a year now. PlanB predicted correctly the worst case scenarios of August, September and October. Let's see if we'll pass the $70k this month.

I don't have the balls to buy bitcoin right now.
But, based on your post, it doesn't have much risk. You said that within the next six months the price will skyrocket. So, maybe you're contradicting yourself or not believing that much what you're saying.

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November 06, 2021, 11:58:21 AM
 #10


I don't have the balls to buy bitcoin right now.

You and at least 90% of those who understand Bitcoin at least to some extent, and this is nothing new - 5 years ago people did not believe that Bitcoin would succeed and it was difficult for them to invest only a few hundred $ to buy 1 BTC, and today these same people do not have courage or money to invest. The same old story that repeats itself every few years, and I bet people will think the same way in 2025 or 2030.

You are right because five years ago when the price of Bitcoin was only a few hundred dollars, many people thought it would not increase. Those who did not buy Bitcoin thinking about this then are regretting a lot now. The present and many have such ideas. And those who don't buy bitcoin with such an idea will regret it when the price of bitcoin goes above k 100k dollar.
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November 06, 2021, 03:25:41 PM
 #11

Now that the inflation is rising in Europe, caused by energy costs ?! <G> there will be a run on bitcoin to maintain wealth.
The inflation is already at 4 to 5% maybe even higher.
This can not continue for longer before rich people start to get very nervous.

Inflation does not happen suddenly. People have to count the cost of money printing in an unplanned way. It is now evident that the government has printed money at a massive rate quoting COVID-19.

You know, people have never had confidence in Paper Money before, And now that it is declining at a significant rate. I believe that soon civil society will realize the importance of a decentralized system and will vastly adopt Bitcoin as a safe investment.

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November 06, 2021, 03:36:04 PM
 #12

Maybe Government policies could help reduce the rate at which bitcoin Price will be inflated.
Banks won't panic that much, I double doubt.

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November 06, 2021, 03:41:27 PM
 #13

Now that the inflation is rising in Europe, caused by energy costs ?! <G> there will be a run on bitcoin to maintain wealth.

The inflation is already at 4 to 5% maybe even higher.

This can not continue for longer before rich people start to get very nervous.

If there ever was a time where bitcoin is going to skyrocket out of control, it's the coming 3 to 6 months ! Wink =D

Banks will panic, Banks will buy bitcoin too, with bank account holder savings.

And the bank account holders will be the nigga holding the bag, worthless money caused by inflation.

From riches to rags ! LOL.

I don't have the balls to buy bitcoin right now.

But if you are balsy... then you now know what to do.

Since Bitcoin is controlled by supply and demand, I don't think increase inflation will result to the increase in the Bitcoin price. On the contrary, It should be the other way round because people will general be weary of the new increase in the price of living and may be forced to sell of their Bitcoin saving just to meet up with the cost of living. When that happens, the price of bitcoin may likely trend downward in the coming 2-6 month.

The idea of rich people panicking is a fallacy. Money stops nonsense, and rich people knows how do diversify in time of increased volatility.

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November 06, 2021, 04:09:33 PM
 #14

Well majority of us have been preparing for this for years now and putting our wealth into bitcoin. So regardless if EU inflation is rising we are prepared already.

This has been in the case for many years, and this is the same very reason why bitcoin or crypto currency is general in growing in the last 4 years or so. We are preparing for the worst possible scenario, specially the collapse of the financial markets.

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November 06, 2021, 06:28:37 PM
 #15

The inflation issue has been going on for years now and the current finical system has been crumbling down, and i feel like the past tow years and some of the economical issues caused by the pandemic had some serious effects on causing the inflation and maybe in a way lead to many people question its integrity, i feel like a lot of people don't have any idea about this because you don't see the news talking about it even though it is a serious issue, and for the ones who do know about it are starting to look for alternatives and ways to counter this inflation either by investing in gold or real estate, and a lot of them have also sought crypto and bitcoin and i feel like with on the rise and the inflation getting worse we will definitely see a massive change take place.

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November 06, 2021, 07:37:07 PM
 #16


Since Bitcoin is controlled by supply and demand, I don't think increase inflation will result to the increase in the Bitcoin price. On the contrary, It should be the other way round because people will general be weary of the new increase in the price of living and may be forced to sell of their Bitcoin saving just to meet up with the cost of living. When that happens, the price of bitcoin may likely trend downward in the coming 2-6 month.

The idea of rich people panicking is a fallacy. Money stops nonsense, and rich people knows how do diversify in time of increased volatility.

But if the value of USD is falling because of inflation this does give rise to price. Nonetheless, S&D are the main drivers.

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November 06, 2021, 08:09:15 PM
 #17

That is the benefit of Bitcoin, even if it is true that banks will be interested in storing value in any bitcoins. But I'm not too sure if there really isn't any solid evidence that banks are actually putting their money into bitcoin to avoid massive inflation.
Believe it or not, only Bitcoin can provide more value when inflation comes along with an increase that continues to soar. Then the bank will someday succumb to the financial system in bitcoin.

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November 06, 2021, 08:27:29 PM
 #18

Well majority of us have been preparing for this for years now and putting our wealth into bitcoin. So regardless if EU inflation is rising we are prepared already.

This has been in the case for many years, and this is the same very reason why bitcoin or crypto currency is general in growing in the last 4 years or so. We are preparing for the worst possible scenario, specially the collapse of the financial markets.

I don't think majority of population is putting their wealth into bitcoin, because up until now the percentage of crypto users vs. global population is still low. But crypto users already, I understand that most of them are thinking that as much as possible, hold their satoshis if they can. With other people outside crypto, I believe some of them are into investments like real estate, precious metals and other tangible assets. Also, when it comes to banks, maybe some are secretly buying their bitcoin stash but I don't think they are in panic mode, because no matter what, the government is behind their back.
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November 06, 2021, 11:25:50 PM
 #19

If there ever was a time where bitcoin is going to skyrocket out of control, it's the coming 3 to 6 months ! Wink =D
Just why, why do you think that it will happen especially this time when the price of bitcoin is enormously high. It can't skyrocket out of control, bitcoin already did that back in 2017 when price went from 600 to 20K, there was 33x rise in price. And now? Do you think that it will be much higher? I don't even think that current rise will come near to the previous rise in terms of percentage cause price was kept already high after the 2016's halving. Right now, we didn't even have 10x rise because price went from 9K to max 66K at the moment, I think bitcoin won't exceed 100K and it will crash again like it happened at 2017.

Banks will panic, Banks will buy bitcoin too, with bank account holder savings.
Do you really think that banks ever panic? They control the whole financial system, they are the least that have to panic.


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November 06, 2021, 11:59:26 PM
 #20

I don't have the balls to buy bitcoin right now.

But if you are balsy... then you now know what to do.

It's up to you, there's no one forcing you to buy Bitcoin right now but don't come here and post regret when Bitcoin hit another ATH this year and the most anticipated about Bitcoin price is to become higher than the $60k plus range.

IMO, there's a lot of good news right now about accepting Bitcoin and I think that will trigger next month to push more the price in the market.  

I think the bank is wise enough when it comes to investment and if they will hold Bitcoin and invest, for sure that time Bitcoin is on legal tender.  Plus government was always behind on the back that they should follow government rule, that's how the centralized systems work everything is regulated by them.

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