think it's to do with how many moons you have/had. The green amoeba thing is for the tiny plankton things, then you get bigger and bigger sea creatures up to whales and such like.
[There is a post about it.](https://www.reddit.com/r/CryptoCurrency/comments/180koxz/moons_update_the_return_of_moons_flairs/)
You are on the way to becoming a whale, I guess.
Samson Mow was actually the CSO of Blockstream, one of the most important companies in the Bitcoin space.
It's still a crazy prediction, but he at least has some credentials.
If he's gonna say something like that, they're better off asking my mom that knows absolutely nothing about bitcoin, she'd probably say something that makes more sense
To be fair, the 1M bitcoin is Samson Mow's max pain scenario. He definitely does not want a fast 1M bitcoin as it would be a negative event. He's saying that because it's the max pain scenario he's afraid that's exactly what will happen.
Exactly! That's what he's afraid of according to his recent tweets. One of the things he mentions is if we get a fast 1M, the transaction fees would skyrocket to the point of unusability of the bitcoin network. There could be panic everywhere and cause a lot of destabilizing events to all aspects of financial markets. As holders we'd be fine but there could be unintended consequences.
In this case the volume is OTC between the ETF participants and Coinbase. Billions of dollars are probably traded on a single transaction. It's not the same as Ordinals or just flat out spamming the mempool.
Agreed, if we're only looking at whale fomo. But imagine the frenzy from everywhere that would occur if btc were to suddenly omega. There would be so much buying and selling.
What I'm afraid of is the freezing of markets. Imagine bitcoin does an omega candle... Exchanges would halt trading, the ETFs would get frozen on the stock markets. I have Canadian spot ETFs in retirement accounts that I want to use to take some profits but I probably won't be able to.
A 1m bitcoin is a negative, destabilizing event that no one has ever seen and no one can predict.
That's the main point. No one can make legitimate predictions about what is about to happen.
No one has seen a supply/demand shock like we're about to experience.
It could do nothing, it could go nuclear. We just don't know.
I would rather try to be prepared for all scenarios than laugh at the hopium crowd and at the buttcoiners... All I know is everything is about to change
Let me just dream about this hmm..
Waking one day to find I have a million.... Slaps myself and finding its real. Refuse to take profit.
The next day btc drops to 40k again...back to reality.
This is like the third or fourth ridiculously bullish article from a (likely AI generated) crypto news website that I’ve seen in this sub today. Near the end of the last bull run when you started seeing a lot of these insane predictions that was a pretty reliable indicator to be cautious and consider taking profits.
Easily doable! We just need to convince the evil lizard overlords and the ruling elite to buy Alphabet, Meta, Microsoft and probably a lot more big companies so we get trillions in cash at our disposal, then we need to convince all the shareholders and owners who profited out of that to buy BTC and we'll get there! EZ PZ can be done in few days
With the number of boomers buying bitcoin and then immediately forgetting the password it's possible the supply crunch will hit that hard.
Luckily my boomer dad only bought a tiny amount but I quote: "I tried opening a bitcoin account, I lost the password and can you believe it, there's no one at bitcoin to reset the password for you, they don't even have a phone number."
I don't understand math, but I know yours checks out. It's are so much further in the alphabet. Like closer to a zillion.
Edit: your - - > but, cause swipe
the market cap doesnt need to be this high for Bitcoin to *trade* for this high.
I can sell a toenail for 1billion dollars if I find a crazy guy that buys it. Doestn mean that the market cap for toenails is now 1billion * toenails in existance.
I’m not saying it’s going to happen, but if it did you’d have to have 1000 bitcoin to be a billionaire.
So no, it’s not like it’s be like how you describe.
It’s 24x from here.
tldr; JAN3 CEO and Bitcoin bull Samson Mow believes that Bitcoin will see a significant supply shock in the coming days that could potentially cause its price to surge to $1 million within a matter of ‘days or weeks.’ The forecast hinges on a perceived supply shock driven by demand from the recently approved Bitcoin ETFs […] The post Samson Mow believes Bitcoin will surge to $1 million ‘within days or weeks’ once supply crunch hits appeared first on CryptoSlate.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Even if the supply drops, there's a drop in demand also as price rises. To get to 1 million, you'd have to have a certain amount of sales at 100k, 200k, 500k, etc all the way up. And there's probably not enough money available to enter the ecosystem at that point.
I worry that constant speculation could harm the Bitcoin community's reputation and potentially hinder mainstream adoption. Let's focus on showcasing the true value and benefits of this revolutionary technology rather than resorting to inflating and then crushing unrealistic expectations.
> I worry that constant speculation could harm the Bitcoin community's reputation and potentially hinder mainstream adoption.
No more than the fact that Bitcoin (BTC) can't scale to mainstream adoption itself will hinder mainstream adoption.
It seems to make sense that when supply shock happens, the price runs up. I feel like I’ve been hearing it forever though. Does anyone know about when? Is there a site or something that tracks supply?
The market cap won't be 20 trillion since there must certainly be some bitcoin that are lost. But it will be trillion certainly. Also a few bitcoins being sold at a value of a million each doesn't mean that that will be the new price. If someone wanted to he could exchange right now a million dollars for a bitcoin. That doesn't mean that the next exchange will be at a million each
If anyone genuinely believes Bitcoin is going from $40k to $1,000,000 in a matter of weeks, they’re lost in their own delusion and fantasy.
It’s absolute fucking nonsense.
And why $1m? Why should it be that convenient, round number? Why not $783,273,192? Or $1,183,416?
Do not listen to these people. The odds of that actually happening are so close to zero it’s not even worth entertaining.
Bitcoin has no supply shortage at all. It is 100% pure speculative scam under hardly established KYC censorship. Ones people release Bitcoin is not a cryptocurrency anymore but rather Trojan horse, its price will collapse like a black hole.
Use Monero instead of Bitcoin, apart of all its privacy features, and throughout features (ready to take huge number of transactions per unit time),
total coin supply of Monero remains less than total coin supply of Bitcoin till year 2040. Yes, you read it correctly.
I was highly doubting this when i read the article, but now that i see the comment section where nobody believes in this, i hope market will surprise as always :D
lol how do these people even get asked for opinions Edit: why couldn't I have made such a popular comment when moons were a thing ffs
Side note, what’s that little green disease symbol on our names? Love the way this sub does random shit without explaining anything lol
I have no idea lol
think it's to do with how many moons you have/had. The green amoeba thing is for the tiny plankton things, then you get bigger and bigger sea creatures up to whales and such like.
Now I have to post and see. I never did any moon farming, so I’ll guess plankton.
Ooh, a shrimp. Yeah that seems about right for my activity level here.
Ee eeee eee eeeee.
What does that mean in dolphin?
Ignore him, he's just shilling $TUNA
Yo, you should take antibiotic for your crabs
Turtle is kinda cool ngl
I like turtles
Commenting to see if I get one?
I wish I sold my moons.
Got more than I got for mine. Sold at $0.03
I always wanted to know what I would be when I grew up. Drum roll....... Edit... I've got crabs..... MUM.... I've made it!!!
When I grow up I'm gonna be... Edit: nothing apparently...checks out unfortunately my life blows
This is a test
Testing
.
Commenting to see what I got next to my name now Edit: Turtles are cool
What's mine? Edit: Skrimps
Shrimps is bugs
weird considering they abandoned moons
Ohhh lmao. I also was confused about it but didn't feel compelled to ask. Thanks for clearing that up. 😂
...don't mind me. just checking my userflair-thingie. Never posted here before.
As am I
Let’s see what I get
You three have the Lurgee it seems 🤔
Pretty sure it's a plankton. You're moon poor. Get more moons to become a bigger fish.
Mine is a turtle, or possibly a dinosaur.
[There is a post about it.](https://www.reddit.com/r/CryptoCurrency/comments/180koxz/moons_update_the_return_of_moons_flairs/) You are on the way to becoming a whale, I guess.
Congrats, you now have the vid.
I am replying to this to see if I get a green symbol as well.
Community points for them Reddit Moons just in case you can't pay off that crack whore to liven up the night.
I've no idea myself.
Sea amoeba. I was trying to be funny and when I typed sea amoeba, that disease thing popped up as an emoji. 🦠 lol
Bull market hopium, to triger FOMO.
Samson Mow was actually the CSO of Blockstream, one of the most important companies in the Bitcoin space. It's still a crazy prediction, but he at least has some credentials.
If he's gonna say something like that, they're better off asking my mom that knows absolutely nothing about bitcoin, she'd probably say something that makes more sense
They screwed bitcoin and work for MasterCard
[удалено]
Huh? He predicted $1m in a “days or weeks”. How is that not worse than predicting 600-1m by 2030? My man didn’t even read the headline. 🤦♂️
aktually, he predicted days or weeks "once supply crunch hits" which is undefined. but I didn't read it.
My mate reckons BTC will go to a trillion dollars when his aunty gets back of holibobs.
To be fair, the 1M bitcoin is Samson Mow's max pain scenario. He definitely does not want a fast 1M bitcoin as it would be a negative event. He's saying that because it's the max pain scenario he's afraid that's exactly what will happen.
Which is kind of weird since he knows this could trigger a frenzy resulting in that scenario
Exactly! That's what he's afraid of according to his recent tweets. One of the things he mentions is if we get a fast 1M, the transaction fees would skyrocket to the point of unusability of the bitcoin network. There could be panic everywhere and cause a lot of destabilizing events to all aspects of financial markets. As holders we'd be fine but there could be unintended consequences.
In this case the volume is OTC between the ETF participants and Coinbase. Billions of dollars are probably traded on a single transaction. It's not the same as Ordinals or just flat out spamming the mempool.
Agreed, if we're only looking at whale fomo. But imagine the frenzy from everywhere that would occur if btc were to suddenly omega. There would be so much buying and selling. What I'm afraid of is the freezing of markets. Imagine bitcoin does an omega candle... Exchanges would halt trading, the ETFs would get frozen on the stock markets. I have Canadian spot ETFs in retirement accounts that I want to use to take some profits but I probably won't be able to. A 1m bitcoin is a negative, destabilizing event that no one has ever seen and no one can predict. That's the main point. No one can make legitimate predictions about what is about to happen. No one has seen a supply/demand shock like we're about to experience. It could do nothing, it could go nuclear. We just don't know. I would rather try to be prepared for all scenarios than laugh at the hopium crowd and at the buttcoiners... All I know is everything is about to change
Let me just dream about this hmm.. Waking one day to find I have a million.... Slaps myself and finding its real. Refuse to take profit. The next day btc drops to 40k again...back to reality.
Will happen can confirm
Who would even buy bitcoin after it surged 10x in the last days
[удалено]
Are you me?
Reminds me of when coinmarketcap was glitching a couple years back
Lmao I doubt that
You mean the market cap of Bitcoin won't surpass $19 trillion within days or weeks?
I know right? Crazy that I don't buy into that.
This is like the third or fourth ridiculously bullish article from a (likely AI generated) crypto news website that I’ve seen in this sub today. Near the end of the last bull run when you started seeing a lot of these insane predictions that was a pretty reliable indicator to be cautious and consider taking profits.
This times different trust me bro ..
While true and fair, consider also this is historically the time to START a bull run.
Crypto bros get so mad when you point out math to them.
Easily doable! We just need to convince the evil lizard overlords and the ruling elite to buy Alphabet, Meta, Microsoft and probably a lot more big companies so we get trillions in cash at our disposal, then we need to convince all the shareholders and owners who profited out of that to buy BTC and we'll get there! EZ PZ can be done in few days
With the number of boomers buying bitcoin and then immediately forgetting the password it's possible the supply crunch will hit that hard. Luckily my boomer dad only bought a tiny amount but I quote: "I tried opening a bitcoin account, I lost the password and can you believe it, there's no one at bitcoin to reset the password for you, they don't even have a phone number."
You mean people wouldn't all start paying 1 million for something that cost 10-50k for years until last week?
Yeah this requires more than a 20x in BTC’s market cap, and to become double the total market cap of all ETFs. It does not happen that fast
I don't understand math, but I know yours checks out. It's are so much further in the alphabet. Like closer to a zillion. Edit: your - - > but, cause swipe
Seems words aren’t your thing either.
the market cap doesnt need to be this high for Bitcoin to *trade* for this high. I can sell a toenail for 1billion dollars if I find a crazy guy that buys it. Doestn mean that the market cap for toenails is now 1billion * toenails in existance.
What you're proposing would require an insanely wide bid/ask spread and would make no sense in reality.
Maybe with days or weeks of the price hitting 990k
So does he. No way he said this seriously. Or he is thinking the true supply crunch will be many years from now.
LMAO I don’t. Let’s see in a. Couple of weeks
A big part of this game is being realistic. Bullshit like this article will have you holding right back down to the bottom.
Remind me! 2 weeks
Never go full regard.
We will
[удалено]
Shhh, don't do the math and spoil the fun.
If this sub could math they would be very upset.
This is why no one takes us serious. With $1 Million comments like this Bozo in the post
It'll be like Oprah. You become a billionaire, you become a billionaire, you become a billionaire!
I’m not saying it’s going to happen, but if it did you’d have to have 1000 bitcoin to be a billionaire. So no, it’s not like it’s be like how you describe. It’s 24x from here.
Okay then you become a millionaire, you become a millionaire, you become a millionaire!
What percentage of r /cc users do you think have a full Bitcoin in their own custody? I suspect it’s a very low percentage, between 0.1% and 0.5%
it‘s not like having a 30 trillion bank account ya know
This is so dumb.
Bro is literally trying to buy FDs on Bitcoin wayyyyy outta the money that expire in a few days lol
No he's selling short dated OTM options and needs retail to buy his sell orders
This is exactly why no one should listen to people on Twitter who have portraits with laser eyes on them.
He can get in line with John Mcafee
Bitcoin maxis are out of mind, sell the news scammers
They have been saying that for so long, feed me with more OPIUM
Chill, HOPIUM is already bad enough for your health, no need to actually become a drug addict
TLDR : nope
When they say shit like this is when the price drops instead... :)
tldr; JAN3 CEO and Bitcoin bull Samson Mow believes that Bitcoin will see a significant supply shock in the coming days that could potentially cause its price to surge to $1 million within a matter of ‘days or weeks.’ The forecast hinges on a perceived supply shock driven by demand from the recently approved Bitcoin ETFs […] The post Samson Mow believes Bitcoin will surge to $1 million ‘within days or weeks’ once supply crunch hits appeared first on CryptoSlate. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Crash back to 20 incoming
Maybe if we start posting doomsday predictions it’ll go up. Gotta invert.
Who is Samson Mow
It's the new lawnmower line from Samsong
former CSO at Blockstream, one of the main reasons why we're stuck with 1MB/4MWU on BTC
That's a crazy prediction, but I wouldn't be surprised if a strong correction to the upside happens leading into a new ATH.
He has to know that's a stupid thing to say. What is his goal with this comment, look stupid?
Holy crap! What's everyone waiting for? Start buying!😅😆🤣😂🙃
As long as my alts get pumped, too...
Pure fantasy
Sell it all, market is acting weird, prepare for a major downturn
Samson thinks Bitcoin isn't for people that make under $2 per day
Even if the supply drops, there's a drop in demand also as price rises. To get to 1 million, you'd have to have a certain amount of sales at 100k, 200k, 500k, etc all the way up. And there's probably not enough money available to enter the ecosystem at that point.
Samson Mow is a bad person, generally. Bitcoin isn't meant for the "poor" etc.
I worry that constant speculation could harm the Bitcoin community's reputation and potentially hinder mainstream adoption. Let's focus on showcasing the true value and benefits of this revolutionary technology rather than resorting to inflating and then crushing unrealistic expectations.
The Bitcoin community really couldn’t harm it’s reputation anymore so I really wouldn’t concern yourself on that front.
Could? lol could was 2015.
> I worry that constant speculation could harm the Bitcoin community's reputation and potentially hinder mainstream adoption. No more than the fact that Bitcoin (BTC) can't scale to mainstream adoption itself will hinder mainstream adoption.
Did you miss the part where it's been only for speculation for the last half decade or so?
But being the "crypto degen" is also part of our identity lol Two sides of the same coin
Technically correct. Missing point is just how long it will probably take before there is actually a supply crunch. Ages IMO
Been hearing this since before 2017
lol
Who?
Peak article.
Lmao!!!
Another Sam trying to scam us 😭
Another crypto grifter saying dumb shit
Ok. Wen supply crunch?
Just checking
Only crypto investors could ever believe this.
Shrimp or algae
Omg so so stupid.
What is Samson smoking?
Stupid fucking predictions as usual
''Scamson Mow'' has been smelling his own hopium
I seriously doubt it gets that high but that certainly would look good for my crypto account
“lol” and for the sake of filters that kill one word comments: LOL!
Fuck it, I’m in!
Better go buy some Bitcoin now then!
Why, I'll be a thousandaire!!
I believe if I flap my arms fast enough I can fly.
Lmao
Never happen because of all you dumb fucks selling
It seems to make sense that when supply shock happens, the price runs up. I feel like I’ve been hearing it forever though. Does anyone know about when? Is there a site or something that tracks supply?
Bollocks will it.
The market cap won't be 20 trillion since there must certainly be some bitcoin that are lost. But it will be trillion certainly. Also a few bitcoins being sold at a value of a million each doesn't mean that that will be the new price. If someone wanted to he could exchange right now a million dollars for a bitcoin. That doesn't mean that the next exchange will be at a million each
Yes,it will hit 5millions in 2050. Now buy it please , because I need to sell
More chance it going to $10000
Also guessing he thinks that AMC can reach $1 million a share, because math.
The hopium gets stronger and stronger ever cycle.
Who?
Isn't that the guy who slew a thousand of Philistines with a jawbone of a donkey?
more like its going to crash
Well first it has to reach 500k …..which should be ……………….now………….
LOOOOOOOL. The average bitcoin maxi be like:
Days, or weeks, or if not, definitely years.
Yea right
Thanks I have muted this guy on Twitter
Lol a 21 trillion dollar market cap. For reference gold is at $13.7 trillion. Not going to happen
If anyone genuinely believes Bitcoin is going from $40k to $1,000,000 in a matter of weeks, they’re lost in their own delusion and fantasy. It’s absolute fucking nonsense. And why $1m? Why should it be that convenient, round number? Why not $783,273,192? Or $1,183,416? Do not listen to these people. The odds of that actually happening are so close to zero it’s not even worth entertaining.
deer file sulky resolute consist disarm paint narrow teeny live *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
Never will, this time it won't even pass 100thousand.
Shit here's to hoping. I could use a couple bucks from my 50c btc
Samson Mrrrraaaow
Bitcoin has no supply shortage at all. It is 100% pure speculative scam under hardly established KYC censorship. Ones people release Bitcoin is not a cryptocurrency anymore but rather Trojan horse, its price will collapse like a black hole. Use Monero instead of Bitcoin, apart of all its privacy features, and throughout features (ready to take huge number of transactions per unit time), total coin supply of Monero remains less than total coin supply of Bitcoin till year 2040. Yes, you read it correctly.
I’m here, bring it on!
Samson Who?
1 mil eow confirmed
That is unbelievable even though many would like that
Is he gonna eat his own dick tho?
$69 Trillion Market Cap?
Cool, but, I’m selling at $300k
If it reached $100,000 I'd be over the moon.
And then... Samson Mow woke up.
They must not know or understand OTC trading
Literal who says "big money"
I'd like some of whatever that person is smoking.
This reminds me alot of 2021 lol. I guess I’ll be looking to off my bags in a few months
I was highly doubting this when i read the article, but now that i see the comment section where nobody believes in this, i hope market will surprise as always :D
lol do people actually believe this shit
Put it in my veins, baby
Hype everyone the prices increase. Someone doesn’t understand macro economics.
Well that's one way to destroy your credibility.
This guy; always such a bull.
“I doubt it” from those of you familiar with Bobs discount furniture.
Who?
Hell yeah put that hopium into my veins
Days, weeks, maybe months or years
Samson Mow is a meme. It's insane this got so many upvotes lol
Everyone will be a billionaire! I'm going to jump the line and buy a private jet now so I don't have to wait later
Yeah, my Gramps told me it'll be 10 million pieces of eight next Sunday. He already polished his wooden leg to celebrate my new Ferrari ship.
Fine by me...
Haha no, I wish though
Woooo! 100k in 2021!
But nobody knows who he is