Quote from: marky89 on November 04, 2019, 11:24:32 PM

Quote from: realr0ach on November 04, 2019, 11:02:20 PM

"4 year cycle" is just a synonym for claiming that it's impossible for there to be a mining bubble and the artificial scarcity event known as the halving will always make the price go up and make miners profitable, and no miners will ever have to shut off. If you claim the price will automatically go up every halving, then that would automatically make Bitcoin a Ponzi scam. So which one is it, kids? Is Bitcoin a Ponzi scam or not?

It doesn't automatically go up. It probably will based on historically increasing demand and the relationship between price and stock-to-flow ratio.

There is only a guarantee that new supply will dry up as Bitcoin moves towards zero inflation via the halvings. There can never be any guarantee about demand though. We're all just speculating about that.

For the 500th time, stock to flow does not work on any 'altcoin' at all, so there is no reason it would work on Bitcoin either. Anyone claiming there's a difference between the two is completely full of shit. Stock to flow only works on real commodity resources with inelastic demand, not fake, imaginary commodities that you can horde all 21 million coins and the rest of the world can just laugh at you like you don't exist.

Bitcoin is not a commodity, it's a scheme, and you have no way of forcing or tricking other people into the scheme. This pump and dump scammer "PlanB" is probably just some fucktard working at Digital Currency Group who is paid to make up bullshit to try and pump their shitcoin holdings. The idea that anyone walking the planet can create whatever type of imaginary widget they want that only exists in their mind and have completely unrelated commodity market mechanics apply to their imaginary scheme is laughable.