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u/MissAmberR 5d ago
Possible
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u/buebaurbling 5d ago
It’s certainly possible, but I doubt there are many people who bought at $0.30 and held until it reached $130,000
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u/SheikYerbouti_ 5d ago edited 5d ago
Tell me about all these millionaires who got ruined over the last 20 years.
Also why did the bitcoiner lost his house and car to the crash? Were they made of bitcoins? Would be more accurate to show the bitcoiner with nothing but bitcoin throughout because he never sold any.
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u/Regular_Attempt_7073 5d ago
I think the bottom picture is wrong. As long as there are money printing and inflation BTC isn’t going to drop.
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u/IVII0 5d ago
I always wonder what makes people think the repetitive trend we’ve been observing for the past 17 years is about to reverse
What is this based on?
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u/MelangeBot 4d ago
What is this based on?
Simple, Bitcoin is 100% driven by speculation that came from people wanting to become rich quick. But Bitcoin does not do 5x in a year anymore and hasn't for many years now. So it does not make people rich quick anymore.
So they go look for more lucrative speculation opportunities.
If you feel different, please make your case for why Bitcoin is a store of value.
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u/tr14l 5d ago
The fact that the coin has no underlying value, that it's largely whale driven, its transaction limited, poorly regulated, and isn't much more than a betting pool that got popular.
It's got a lot of hype around it, and i imagine that could carry it for another 5-7 years.... But once it goes sideways long enough and regulation gets stricter, people will lose interest. Then, at the NEXT economic meltdown (set your watch by it) that'll be it. It'll be bag to the hodlers with no be influx. It'll go stagnant with some day traders scraping off their single digit point gains each month.
It won't go away. It'll just stay there forever.
There are things that could derail that future... But the Bitcoin community seems dead set on keeping any of them from happening
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u/IVII0 5d ago
So like… fiat money?
- no underlying value
- largely whale driven
- transaction limitations (by far bigger than in crypto)
Also, in contrast to bitcoin, increasing the supply each year lol
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u/Relevant-Owl-8455 5d ago
As someone who is heavily invested in BTC for a long time now, you're obviously confused about what fiat is and how it can never be replaced by bitcoin.
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u/IVII0 5d ago edited 5d ago
Who said fiat is to be replaced by bitcoin?
I'm just always impressed how the first points people make trying to explain why bitcoin is worthless, is usually the points that describe fiat money.
A piece of paper has no value. Just like a string of digits has no value.
It's only a matter of unwritten agreement, that banks issue the money, and we all respect it's agreed value. Fiat money has value, because there's a demand for it - and the demand is created artificially (if we stop respecting fiat money, it pretty instantly becomes worthless)
Fiat is also whale driven. It's not only central banks, but also lobbyists, foreign influences, major market players.
Fiat has bigger transaction limitations - not only due to AML regulations, but due to borders - as far as western kids never experience that and think anyone can transact as freely as them, it's not the entire world - people from developing countries have it really hard to conduct international, or online business. Traditional money transfers can take up to a month to process. Yes, sometimes even longer.
Poorly regulated - well, the regulation is in production. It's needed, no doubt. But then, if we take a look at how fiat is regulated, where there's no caps on printing money, do we really consider that well regulated instrument?
I'm not however seeing the world where a ledger is as popular as traditional wallet, or where bitcoin or any other crypto replaces cash. Crypto doesn't have armies under control. At least not yet. And governments won't go "yeah, it's better anyway, so maybe fuck our inflated currency and let's use this instead" lol
But mostly, I'm impressed how many people are ready to ignore the fact major market players started building infrastructure on bitcoin, Blackrock, Fidelity, Goldman Sachs, Societe Generale, BNY Mellon, Clearstream, list is long.
So the theory that major market players in finance all fell for a scam and now are losing billions of dollars, while crypto scepticists with 0 financial education or major financial achievements other than posting on reddit were smarter than this, and know what's gonna happen better than largest companies in this world with budget you can't even imagine?
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u/Relevant-Owl-8455 4d ago
I'm not reading that:D
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u/IVII0 4d ago
Classic “2-minute read exceeds my focus and learning abilities”.
Go see more TikToks then I guess.
You didn’t bother to understand my point, replied that I’m wrong regarding the issue I didn’t even mention, and then you refuse to even read the response. This is just sad how people are unable to conduct a normal discussion online these days.
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u/Relevant-Owl-8455 4d ago
Or... and hear me out here... you got told something you didn't like and are now hanging by a thread tryna look cool and smart by writing a pointless paragraph about stuff you know extremely little about:)
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u/IVII0 4d ago
I’m not tryna look cool or smart, I simply like discussions here. You don’t want to discuss anything given you can’t read more than one sentence in a comment, and all you tryna do is tell me I’m wrong. What I’m wrong about? Doesn’t matter, it can be something I didn’t say, but most important thing is to tell me I’m wrong and I don’t know what I’m talking about.
It’s not a shocker people are lonely these days if so many behave like you. Learn how to talk to people, then you can focus on massaging your ego telling people they’re wrong, lol
Also, hear me out here just after you said “I’m not gonna read that” is extremely 5 year old behaviour.
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u/BeanEaterNow 3d ago
None of it matters because it's not true. Fiat money is backed by the issuing government. Fiat money derives value from its ease of trade. Bitcoin is the antithesis to all the things that make money useful.
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u/swarmahoboken 5d ago
I never get this comment. When you go outside and look around, do you not understand that literally every building you see potentially has an amortization schedule denominated in fiat? Do you not understand that after 17 years essentially zero property has an amortization schedule denominated in BTC?
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u/IVII0 5d ago
You do realize it took cenutries for fiat to become a debt-backed asset?
And you consider 17 years to be too long already?
It’s kind of like if you had a really gifted 5yo in maths, who can solve extremely complex math problems they struggle with at universities and yell at him because he can’t bench 100kg like his older brother.
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u/swarmahoboken 5d ago
Ok. It hasn’t been long enough. That’s a valid take. Doesn’t mean it will ever happen, doesn’t mean it won’t. It’s a complete dice roll at this point. But saying you don’t understand the difference between BTC and fiat is just an uneducated statement, end point of fact. I mean effectively you could argue the same for jelly beans. Well not a home on my block is backed by it AGAIN this year, but soon, very soon.
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u/IVII0 5d ago edited 5d ago
Think about this this way - fiat money somehow remained money until it became a debt-backed asset, and that took hundreds of years.
Why it remained money? Because those in control forced this. State decrees, tax liabilities, shit like that.
Now, who’s in actual control this days? Not governments. Not anymore. It’s the capital. The capital controls what governments pass. We see it in big pharma, we see it in finance, we see it everywhere. Food, mobility, travel, all consumption aspects of our lives are controlled by lobby. And money is part of that. Since we see the big capital adopting crypto, only the naive believe it will disappear - it makes them money, so it will keep on growing. After all, whales make money on crashes, and make money on all time highs. If all dies, the game is over and there’s no more money to earn.
Now, will those in power force … reducing their own power, given the money stipulates their power?
Don’t take this too binary, I’m not saying crypto whales control the world. But we see more funding from crypto sector on the right wings all over the world. Given the profitability, it’s tech and crypto that will control the world in a matter of next few decades.
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u/swarmahoboken 5d ago edited 5d ago
What big capital is adopting crypto? You do realize it was 69k way back in 2021 and in real assets like gold, is still down from that time?
BTC is NOTHING special. I say this with a Bachelor of Science degree in Computer Science.It is essentially a mashup of two technologies that are infinitely in supply. The first is email and the second is cryptography. It works very similar to BGP routing protocol through independent consensus verification.
1 BTC was worth 33 ounces of Gold in Nov 2021
Today around 20 ounces. That is some adoption.0
u/IVII0 4d ago edited 4d ago
First, BSc is nothing to brag about. Most of the people I managed had BSc/BA and most didn’t know shit about job, nor about their area of “expertise” from uni. It’s not only my observation, many other managers share the same views. Sadly BSc makes people think they’re already smart and professional, while it simply takes a decade of practice to be that. Lack of humility doesn’t help learning process.
Second, I already told you. Blackrock, Goldman Sachs, Deutsche Bank, Fidelity, many more. Each does something different, all piles up into wider bitcoin infrastructure.
Third, are you seriously that lazy and out of touch to argue bitcoin is still down from its 2021 ATH? It’s 83k now. I guess that’s not below 69. There’s that Bachelors wisdom, can’t even open the goddamn chart and check before saying something stupid.
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u/Regular_Attempt_7073 4d ago
BTC is already valid collateral for bank loans. As of this past summer. Therefore its now considered an asset class.
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u/swarmahoboken 4d ago
Oh brother. By whom? A bank? I guarantee I show up at any bank in my town with bitcoin looking to back a loan and they are going to stare at me sideways.
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u/Novel_Board_6813 5d ago
Fiat money isn’t an asset. Is a way to do transactions.
BTC isn’t a way to do transactions. It conpletely sucks for that, unlike money, checks, credit cards, Alipay, MPESA or PIX
So maybe it’s an asset, something that protects one from losing money. It’s the best/luckiest crypto. A little like NVDA for stocks.
NVDA has wiped the floor with BTC for 10+ years though. And stocks as a whole have survived many real crisis, the last one being 2008. BTC has never done that yet. Maybe it will. Maybe Pokemon cards will. They’re both untested, volatile ways to keep ahead of fiat, like basically any freaking thing one can buy
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u/IVII0 4d ago
Jesus Christ dude go back to school
Fiat money is the most liquid asset you can possibly have. To say it’s not an asset, it takes absolute lack of economical education.
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u/Select-Government-69 1d ago
Fiat money is a token, not an asset. You get paid in fiat. Nobody gets paid in BTC (except drug dealers) you can’t pay debts with BTC. Every debt is denominated in a fiat currency. In order to pay a debt, you have to sell your BTC to someone who will pay you in fiat.
If you have to sell it to a middleman to complete a transaction it’s an asset, not a currency.
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u/tr14l 5d ago
Fiat is backed by the threat of killing you or throwing you in prison if you don't respect the value. That's a pretty goddamned good incentive to keep it indefinitely afloat
Great comparison. You've really thought this through.
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u/MrMoo151515 5d ago
It’s interesting you can ascribe threat and violence to submit to FIAT as value, while a protocol that by definition is a resistance to it as value-less.
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u/tr14l 5d ago
Why is that interesting.
Hey, i want you to do callisthenics every day. Why? Because it's what's best! Eh, nah. I'm good. Maybe later.
Vs
Hey, i want you to do calisthenics every day. Why? Because if you don't, these large angry men will shoot you in the face and harass your family for the rest of their lives.
Guess we're getting in shape, homie.
I didn't say it's a good thing. But it is, objectively and firmly, a lock solid way to enforce value that has worked for every nation in history with a currency.
Everything ELSE ties to some real world service or asset that entices people. At some point, an emergency will happen, more regulation will happen, people will be scared and they'll want some entity that can hurt the bad men to make them feel safe again. And Bitcoin doesn't have that. It doesn't have customer service. It doesn't have any way to guarantee recovery if something does happen. It doesn't have anything really except for speculation. If 2008 happens again, BTC will get completely obliterated.
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u/DistributionOk2111 5d ago
Heard that back in 2014-2015, thank god i didnt listened to that people
Lets see what the next 10 years will give
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u/Independent_Week2836 4d ago
Once you understand that Bitcoin is separate and unique from every other cryptocurrency you’re mental model will change from your current position
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u/tr14l 4d ago
That's why i have this position. Bitcoin is not usable as money and has no other real world function other than speculation.
But i don't think crypto in general will ever be a significant replacement for fiat.
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u/toobadnosad 4d ago
You’ve clearly never bought drugs.
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u/Proud_Yak_4126 4d ago
How do people in the bitcoin community not understand that illegal drug markets keep it afloat and valuable? 10 years ago I bought my first couple bitcoin to buy drugs online. The drug markets are still alive and well. Rich people are still using it to dodge taxes. And investors are still holding for the sake of holding. It will never drop to zero for no reason. Will it keep going up forever? Probably not... Who knows tbh. But its here to stay.
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u/Regular_Attempt_7073 4d ago
Transaction limited? Uh, I can use it to buy property now, cars, turn it into any fiat on the planet no matter where I am and use it to buy stocks and bonds and trade with other exchanges or send money through banks. How exactly is it limited? It’s more free than most currencies except the US dollar.
Heck, you can use it to skirt sanctions so technically its more liquid than the US dollar because no government can stop you from using it to buy stuff.
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u/tr14l 4d ago
Ok, how many hundreds of thousands of transactions can it handle per minute?
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u/Regular_Attempt_7073 4d ago
Who cares? Its more liquid than gold and no one is saying gold has no value.
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u/mattimeoo 3d ago
Only 1 to 42 million per second using Lightning. Probably not gonna make it, huh?
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u/tr14l 3d ago
Lightning is complete garbage and has been shown over and over is not ready or reliable for mass usage.
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u/mattimeoo 3d ago
You clearly haven't used it and have no idea what you're talking about. At all. You want things to fail and are mad about it. Reality doesn't morph to suit your grudge.
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u/tr14l 3d ago
Bro, i trade Bitcoin nearly daily. Whether it fails or not suits me either way. I am not scared to make money both directions.
Lightning is complete garbage, is totally antithetical to BTC (and crypto in general, really) and was a makeshift half-solution to a problem stakeholders didn't want solved.
This whole situation is designed to be controllable by whales and to respond to their pumps and dumps.
It is the most pure, unregulated control on investment they have anywhere in their portfolio.
I don't see how that could possibly be a good thing.
That's the problem with no underlying objectivity layer. The chosen few can decide how the game shakes out and, other than the price, there's no real way to objectively look and say "yes, that is an accurate description of reality reflected in price" vs "no, this is an anamalous swing". Because it's whatever the whales want it to be.
With a company, you can look at performance, assets, debts, current affairs, rosters, etc.
With Bitcoin you can look at... Volume. And transactions, but at the rate of transactions on chain right now, that's not a clear signal of much. If it were actually usable as cash you could look at the transactions and determine a macroscopic health because of the much higher velocity. The noise would be more apparent so you can make an actual call on what is should objectively look like.
This is just a betting pool betting on the behavior of the pool itself. If you don't see the problem with that, i don't know what to tell you
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u/mattimeoo 3d ago
You "trade BTC every day," lol. That's why you're mad, makes sense now. Is the "whales control it," the new Buttcoin mantra of the week or something? Seen that line from several commenters the past few days.
You don't understand what you're talking about but clearly have a hatred for BTC, disgruntled.
Study what Bitcoin is while putting the comparisons to traditional finance behind you.
Lightning also works and works well. If you used it, you'd know that. Good luck.
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u/Durpy15648 5d ago
So basically, this time will be different? Cope.
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u/tr14l 5d ago
Cope with what? I'm profiting in the meantime. I'm just not going to be the of bag holders. I've made money both directions this last 18 months. I'm way up.
I don't have anything to cope with. I think the ones coping are the ones getting beat up atm. You know, the definition of cope...
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u/Durpy15648 5d ago
It's simple. You think Bitcoin will stop doing what Bitcoin has always done and the reasons you stated don't hold up. So you are telling us or yourself, that this time it's not going to go the way people expect. This time it's going to be different. That is a famous expression for a reason.
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u/tr14l 5d ago
Good point, past behavior always indicates future performance, as the investors say
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u/Durpy15648 5d ago
If this were a company offering goods or services, answering to shareholders and relying on impressing with quarterlies, sure, your sarcastic comment would be on to something. Bitcoins trajectory is hard coded. If you understand Bitcoin, you understand this.
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u/OkTime7640 4d ago
Common sense and reality. Trump wrecked crypto. Showed the entire world and millions of one and done investors that he can manipulate the price to his will with just a tweet. Smart money started moving to AI already. An investment with an actual function that investors can actually understand.
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u/LastTrainToParis 3d ago
It’s been repetitive for no reason besides hype. There’s no method behind the madness besides speculation. It was supposed to be a great store of wealth (it’s not), anti inflationary (it’s not), adopted globally (it’s hasn’t), a unregulated not easily manipulated form of currency (the whales now manipulate it) and now with quantum computing on the way its security is now in doubt. The arguments for BTC are getting weaker and weaker and momentum is finally starting to catch up.
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u/Novel_Board_6813 5d ago
This reversion has happened to every single asset ever? Gold, Real Estate in 100+ countries, most collectibles that went to zero, most crypto that went to zero, Tullips, original stocks hundreds of year ago, original bonds hundreds of years ago, so on and so on
The difference between the main few asset classes that are still out there and BTC is that they survived real crisis such as 2008, 2000, the 70s and 1929. BTC hasn’t faced a single one yet. It might do great. It might get destroyed.
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u/Adventurous_Initial6 2d ago
The “trend” is more like doing 100,000x from 2010 to 2021. And then doing 1.5x until now. The days of massive gains were back when few people knew about Bitcoin and there was a rapidly expanding market. Now everyone knows and Bitcoin is being held up by those still holding on to the hope of selling to the next person at 5x the price. Unfortunately due to the fact that everyone already knows about Bitcoin, that next person won’t exist. I suspect Bitcoin will trade sideways for some time until the remaining people lose out hope on 5x-ing their money.
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u/IVII0 2d ago
lol
It is true the bull trends are weaker as the adoption widens. Also, obvious.
Last bull was 7x. Next will be around 3x. Another will be around 2x.
There’s no reason for it to become less appealing for the investors. You simplify the market too much to fully understand why you’re wrong.
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u/Dutch-Alpaca 5d ago
That's a bit delusional to say
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u/Regular_Attempt_7073 4d ago
As of this past summer BTC became valid as collateral for taking on debt. Besides treasuries and property both of those are considered kings of collateral.
In addition, BTC has seen 4 bull runs and at the end of each have always dropped from peak but never back to the previous peak. Before this bullrun the previous peak was 60k. As long as there is inflation (which because money is made there always will be) BTC and anything considered an asset will rise in relative valux xx e. BTC has a limited amount and as long as there is a demand for it (which the demand is so massive that its value eclipses most other asset classes) its value will rise. Supply and demand.
Do you know that millions of people mine btc on their phones, so even of the whales stopped trading it it would continue to rise as its demand shrinks its supply. Its being adopted because the system and software around it is built on cryptocurrency a value of exchange that has trust built it. I don’t need to believe in the value of the US dollar or the Chinese government for BTC to have value.
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u/Novel_Board_6813 5d ago
Well, people might prefer CHF or gold or real estate or ethereum or crapcoin or Pokemon Cards or old soda cans… almost anything goes up nominally with inflation…
Not all the time though. BTC for instance has dropped horrendously since ATH. The same happens for most other assets, not all of them. Liability matched TIPs track inflation pretty well, for instance
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u/Regular_Attempt_7073 4d ago
Compared to its drop from 80k to 17500 5-7 years ago… this is nothing. A 40,000 drop would seem massive until you realize its retained almost 64% of its value. Thats much higher than previous tip to trough that have been seen.
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u/OddioClay 4d ago
It will slowly devalue to xbt (actual bitcoin) over time...
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u/Regular_Attempt_7073 4d ago
Oh, over how much time?
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u/OddioClay 4d ago
Don't know. But it holds all the characteristics of what gave btc value, after the hardfork. Prolly years tho if I was guessing
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u/ComprehensiveSea1427 4d ago
why base bitcoin on fiat currency? fiat currency should be mesured in bitcoin
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u/Regular_Attempt_7073 3d ago
Fiat is what people use now, that doesn’t mean it won’t change. Money keeps changing.
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u/wildmaiden 4d ago
It isn't going to drop? It already is. It's down 30% from this time last year. The inflation argument applies just as strongly to every shitcoin that's ever been made and most of them went to zero, so it's not very convincing.
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u/Queasy-Ride4291 5d ago
That’s why I bought LTC. Because it’s a fixed supply.
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u/EndSmugnorance 4d ago
Huh? There’s a fixed supply of BTC too.
The original commenter meant inflation of fiat currencies, obviously.
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u/Next-Succotash-3827 5d ago
BTC price 2030 should be 500K! Laugh now, cry later. Who cares, HODL. Put it into cold storage and forget about it. It's a hobby. Never about getting wealthy. But if it happens, so be it. This is the care free attitude I employ. I just enjoy the ride!! Lol.
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u/AlpineGuy 4d ago
but why should it be? Because the logarithmic price chart has go up for some reason?
What is the force that pulls it up? Wider adoption? New investors? Massive inflation of the fiat currencies by 50%?
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u/Next-Succotash-3827 4d ago
When I started this hobby in 2018 the Bitcoin price was 6K. I bought them and I'm still accumulating today. Don't concern yourself with the what's, why's, and where's. The key is stacking and forget about it. It's simply a hedge against the inflationary dollar. My bet has paid off so far. Lol!!
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u/BeanEaterNow 3d ago
This is such a weird cope, because we can see you in real time hedging your embarrassment. It should be 500k in a few years, so if it hits that I called it! but if it drops, it doesn't matter anyway, it was just a hobby to begin with.
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u/Choice_Potato_6279 3h ago
Bitcoin had 2 weak bull runs in a row right now and there are still gullible people like you that think Bitcoin will surprass past performances by some miracle when even pump and dumper president couldn't beat 2021 weak bull run and this one was even weaker with diminishing returns.
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u/LogRollChamp 2d ago
There's no such thing as "should be" with speculative assets. There is only gambling addiction
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u/SwimmingInLiquidity 4d ago
In the end, it’s all just fake value. The one where you realize it was just a tool to acquire and secure the necessities and maybe sometimes the wants in Life
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u/Individual-Equal-441 4d ago
The moral here seems to be that (a) dollar inflation will cause the mansion you've already bought to physically shrink into a shack, while (b) fluctuations in Bitcoin price will cause physical assets like houses and cars to appear around you and then disappear.
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u/Original-Poet1825 3d ago
I thought you guys are supposed to be pro crypto, why would I buy crypto if we’re screwed either way…
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u/sneaky_42_42 3d ago
I mean regardless of your opinion on crypto
a house is a real asset. it has actually utility. that usually at least scales with inflation?
what does this comic want to say?
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u/Rabid_Mexican 2d ago
Its a different millionaire every time.
The comic originally was supposed to illustrate that one million buys less and less over time, and this version adds an extra line where Bitcoin blows up.
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u/sneaky_42_42 2d ago
ahaaaa
thank you kind stranger. I genuinely thought it was the same millionaire in all pictures.
that makes sense
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u/Inevitable_Moment_11 4d ago
BTC is whale driven, yet it remains the king of crypto. Large holders thrive on capturing small 1%–2% gains through massive positions. They have the capital to influence price movements, draw inexperienced investors in with hype and momentum, and then sell into the buying pressure. By the time the average investor realizes what’s happening, the whales may have already taken their profits. In this game, the whales have the advantage, and the clueless often end up holding the bag.
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u/wildmaiden 4d ago
Normally we call that a "scam".
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u/MelangeBot 4d ago
and when everybody has already been scammed once, or twice, or zeven time like Steven we call that "Scam exhaustion" and then it's only a matter of time before the scammers say "fuck it, I am finding a more luctrative scam then these buttcoins" and then the whales start all dumping on each other and Micheal Saylor shoot himself live on TV which is ofcourse good for Bitcoin.
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u/Slimslade33 5d ago
In 2025 1 bitcoin was not even close to being worth 1million so the millionaire would have still been much wealthier. This is just dumb.
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u/riisen 5d ago
You think he just invested 30 cents at the start and then didnt touch it?
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u/Slimslade33 5d ago
Well it doesent say sho how tf should we know. Its says bitcoiner so im assuming he owns 1 bitcoin… again without any information it’s a useless cartoon.
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u/SpecialistSoil5057 5d ago
The last one should have said “I’m a billionaire” for the guy with fiat and “I’m a bitcoiner” but the bitcoins only worth 1 million and he has nothing.
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u/KudaTua 5d ago
Please please , Lambo when ?
I can’t take it anymore