/biz/ - Business & Finance

I don't fucking know. No one knows

who didn't buy the dip for the 69th time?

bull trap

>>2213642

i say bulltrap.

prices will be suppressed throughtout next week

nothing crazy though

>>2213642
Bull Trap is obvious

>>2213642
No bull trap, correction over.

It's moon time baby

lets hear it biz, weigh in

>>2213642
It's over, it didn't break the 1750 support. If it had we'd be on the way back to $1400s. Won't be back at 2800 anytime soon though.

Should have been stocking up on ETH, LTC and BTC. If you didn't, I'd say you fucked up but honestly, buying into that mess would have needed bull-sized balls

Most likely a bull trap but its not gonna fall much more from here, another 10-15% and that's it.

B U L L T R A P
U
L
L
T
R
A
P

>>2213862
This. Kinda. I don't think it will break $1800 but I don't think it's stable where it is now. I expect it to go lower. Also I don't think it's a good time to buy anything.

>>2213642
If you buy in now its basically a gamble...but if you buy any crypto at all its gambling anyways soooo

>>2213642
Nah. Out for a week for me. I cashed 15k out, left 6k on GDAX, and am still holding ETH and BTC to let it ride into hell or into high heaven.

>>2213862
>Won't be back at 2800 anytime soon though.

The next bull run we'll see BTC smash through $3,000 easily. And it's happening this summer.

>>2213900
>Nah. Out for a week for me. I cashed 15k out, left 6k on GDAX, and am still holding ETH and BTC to let it ride into hell or into high heaven.


This guy has controlled hands, 100$ ether by tuesday, buy in then

>>2213642
ETH is already recovered, lol.

>>2213708

We will see a small dip tonight with a modest recovery and the beginning of the new bull run mid week. Also ETh is going to start to make up ground against BTC. I expect .2 by end of June.

>>2213925
Already recovered.. The price is tied to BTC and if it starts falling again so will ETH

>>2213932
eth will be on a big chinese exchange next week.
it will rise

>>2213932
sure

everythings in the green again guys :)
are we gonna make it?

>>2213665
>Wanted to buy in at 150
>Coinbase wasn't gonna let me trade till Tuesday and Gemini is being a bitch

Fuck everything

>>2213942
So when it dropped to $120 last night it was just a coincidence?

>>2213927
This prediction makes my dick hard.

We back in biz/ness boys. Bring on the shill memecoins.

>>2213876

LTC is being added to Bitstamp along side BTC and will be added to Fidelity Investments (2 trillion asset manager) this quarter. It will start being used more and more as a cheaper alternative to enter the crypto market than BTC
ETH is going to be showing up on Chinese exchanges in June and is starting to show some independence from BTC. It has recovered an extra 10% next to every other coin including btc.

LTC has been also been heavily sold down and suppressed during all the hype the last week and the selling is starting to dry up. LTC cops a heap of FUD from desperate XRP and buttcoin shills/fanboys

Im long and held ETH (60%) and LTC (30%) in my portfolio during this mess. Not only is my portfolio even in BTC value from Friday, but it's only down 10-15%% in USD. ETH and LCT strong. My biggest mistake was putting 10% in RIPple which is the only thing really hurting me.

/biz/ doesn't have a fucking clue. Mostly consists of emotional man-children who are wrong 99% of the time

>>2213972
I'm mirin.

IT'S OVER
WE DID YOU GUYS, WE SURVIVED!

All you anons here who weathered the storm, I love you, see you in lamboland

>>2214012
>still looking at Earth vehicles

>>2213972
ripple isnt so bad; also nice recovery, or am i missing something?

Yep, everything is back to normal. BUY BUY BUY

>>2214037
nah, we're back baby

Up 681 in 24 hour average and climbing. Time to go buy some coke and get back to the glory days of 1000+ dollar a day gains of yesterweek

>>2214074
Yeah totally. The last two days never happened and everything is fine. 4k next week.

>>2214074
No way man. No one I know is back in, silence on Twitter, this is a bulltrap. Either way, I've secured my gains and I'm kicking back taking a week off.

If shit explodes, good for me to buy. If shit moons, I'll eat my balls but at least I'll know we're back baby and restore my confidence. I'm bearish now.

i-its totally over guys!! n-nothing to see here, completely normal chart

>>2214090
Tho my XRP's a tad fucked still, probably because of those fucking leafs. Might consider shorting that and taking the diminishing profit off it.
None the less, all my loses are gone.

>>2214115
The first step is believing anon. But seriously, all of my assets are climbing atm, ETH, DGB, EDG, XEM, XVG, GNT, RDD, just XRP giving me blue balls now

>>2214115
I'm doing the same. Better to have your money secured then be sweating bullets though the night hoping for the best. Shit is fucked right now.

>>2214090
>tfw my portfolio is almost back to its ATH that I had the day before yesterday

God I love crypto. God bless blockchain technology.

>weakhand cucks and chart cucks telling themselves it's still going to crash

just eat your losses and buy back in before it goes any higher retards

>>2214176
>last night didn't happen and everything is fine

Assuming that in 72 hours a bearish ABC-X-A'B'C' structure developed. Of course, it would have to be confirmed, which would happen at the rising trend around $2130-$2160 USD. Alternatively, the dip now of $1900 would lead to a final minimum around $1790 and to the nullification of the double zig-zag ABC-X-A'B'C', and then label the bearish structure as a simple zig-zag ABC, where the sub wave C would be made up of five movements labeled as A-B-C-D-E and not as 1-2-3-4-5, because of the total overlapping during this section of the fall, signaling low technical strength for the retraction. Now, what was the fall from $2760 to $1850, or the marginal minimum that shall happen at $1790? For now, I consider it as a major wave 4 for the rise that started in Jan 2015, but it also could be a major wave 2 of 3. It's too early to tell what will be the final wave count.

>>2214196
>babby's first correction

>>2214206
thats a lota words there sonny

>>2214196
>he wasnt trading crypto back in March when BTC "crashed" from its ATH of $1200 down to $900 for one day then shot up to $1800 in the days following

If it doesn't stumble again this weekend we're good to go.

Bull Trap Argument
>Fits pattern of a bubble perfectly.
>Bitcoins were only $1400 a month ago and are still higher than they were 7 days ago.

Correction is Over Argument
>Japan legalization provides support
>Talk of SegWit this year provides support

The annoying thing is that when it's over, which ever side was right will act like they're some financial guru with great foresight and the other side is made up of complete morons. My guess is that we're in a bull trap right now. However, the bottom won't be nearly as low as past crashes because support is much stronger than 2014. If I had to pull a number out of my ass (like everyone else is), I would guess that we'll see a slow decline to $1700. It won't be a fast drop though. After that we'll see steady growth.

I've been wrong before though. I also predicted a big spike in July with the halving, but it didn't seem to happen. There was growth before hand, but then it held pretty steady afterward. I think a lot of people were surprised by that since nearly everyone was expecting a big increase.

>>2214274
Good post.

>>2214274
>not factoring in the chinese withdrawals next month

the crash will come, but it won't be because chartcucks foresee it in their magic graphs

http://www.marketwatch.com/story/investors-should-be-cautious-with-a-potential-bull-trap-in-play-2016-07-20

>>2214132
Don't blame the leafs. They just don't know what they missing out on. Most of the banking system there is still controlled by the idiot goons from harpers time as prime minister so they know nothing about actual benefits of new tech.

XRP will eventually prevail. At least CIBC and RBC in leafland have begun testing it.

>>2214346
Elaborate on this chieese withdrawal

>>2214274
>The annoying thing is that when it's over, which ever side was right will act like they're some financial guru with great foresight and the other side is made up of complete morons.
Agreed, trading cryptocurrencies is MOSTLY a gamble.

>>2213956
they are already here
>shift shitcoin
>bat ICO
>ubiq shitcoin
they already pumped those. Greedy fucks they want to keep scamming people even in the middle of the chaos

>>2214409
>Greedy fucks they want to keep scamming people even in the middle of the chaos
Of course, every dollar gained from a shitcoin someone else loses. This isn't a friendly market lol

>>2214371
It's actually starting to look better as we speak. Green candles atm are looking promising.
Although I have to say, something about it being the centralized banker's crypto doesn't sit well with me. I'm starting to think the more decentralized and ancapish the better. Though more and more asian markets are getting on it, so I guess it wouldn't be wise to sell atm

>>2213642
I dunno, ask the other thread

>>2214384

>>2214419
I know, but If I've been doing pump and dumps for two weeks, when shit goes down I would be more concerned about cashing out and not lose any of my hard earned memed gains instead of actually coming here and making shill threads.
I guess that's why I can only ride the up/down those fuckers generate but I'm not the one creating it.

>>2214387
The Chinese government didn't allow fiat withdrawals on Chinese exchanges but they changed it and next month they can withdrawl cash. People are expecting a massive amount of money to be taken out of the market and prices to fall.

THIS JUST IN:

Kek confirms downtrend

Price to settle around 1800 for BTC

>>2214444
>>2214466

>>2214409
That post wasn't meant to be taken literally. Lurk moar newfag. You'll sleep better that way.

>>2214475

the voice of reason

>>2214464
How serious are we talking? And do you know when this will happen?

>>2214518
It's gonna happen. My guess is it's not going to be good. Not sure if it's June 1st or what.. I can't find a date anywhere.

http://www.newsbtc.com/2017/05/10/chinese-bitcoin-exchanges-may-resume-btc-withdrawals-june-new-regulation-introduced/

>>2214518
>>2214554
Won't this be good in the long run though?
You would think the Chinese would invest more in it and take more risks (daytrade shitcoins) if they are actually able to cash out of it

can't even count the number of times i've heard that Xi Jinping is going to cause a bitcoin crash, must be over 100 times

nothing ever happens

>>2214567
Maybe in the long run but there are lots of people who've been waiting to cash out.

>>2214274

bull trap argument is that the volume on the way up was paper thin

Is it happening?

>>2214554
What will happen to alt coins?

>>2215113
>BTC goes down in value
>alts are traded almost exclusively in BTC

Man I have no idea, who could ever solve such a complex problem. :l

>>2214554
I wonder if there will be a flood to other, more private coins or if they'll cash out altogether. I don't think we'll make it below 1400 (talking out my ass) because we now know the majority of the volume attributed to China is actually coming from Japan

>>2213706
It's obviously a bull trap. Just like the last 5 times it looked exactly like the magic meme chart recently but carried on rising.

>>2216327
WHEN?!
i want some sleep already

>>2214224
As a percentage, that is much smaller than ETH going from

212
to
120
in the course of <24 hours