/biz/ - Business & Finance

Hold, its gonna climb past 2k soon. Hold until at least the 15th.

>>25643884
2k-2.k
When Bitcoin hits 50k and is on the news as the “next big thing” sell. When people start saying it will never go below 50 again sell. When btc crashes there will be no survivors. It’s going to crab at 10-20k for a pretty long time after this. When normies say it’s a scam bc they lost all their money start buying up again. Simple as.

>>25643934
Agreed sir. I am set to take my profits on the 14th so that's perfect.

It's about to dump to my liquiditation price, then we're off to 10k anon, have fun, don't forget about me

>>25643884
It's still under ATH lol. Look what happend to Bitcoin once it passed its former ATH

>>25643884
9-10k

>>25644032
What happened?

Ethereum was worth .10 of a bitcoin in 2017. it's currently .03. if bitcoin hits 100k and eth even gets to .05 of a bitcoin, that means a $5k ETH. If it gets back to .10 of a bitcoin, that means $10k ETH

>>25643884
newfag here what coin is this i like the picture i want to put 5k in it

>>25644071
it pumped straight from 20k to 38k

>>25644115
xrp, also known as "the standard"

>>25644115
It's the future my child.

>>25643934
Yup, just over 2k is also my target. Could pump higher, my clown world estimate is like 4k per eth

>>25644173
>>25644148
thanks guys you just saved me 15 years of having to wagie for the insider advice

>>25643934
why the 15th?

>>25643884
It could go higher or it could go lower. My opinion though is that it will at some point go lower and at some other point it will go higher. Some of the best analysts are are saying it's totally undervalued and at the same time overvalued but there's also a chance the current value is correct. In the future I see it being pretty stable really but there will also be instability at times. Something you can always count on though is that when the price goes up it means the price hasn't gone down

>>25644283
are you CFA 1-3 certified? this advice you're offering should be restricted behind paid access sites because it's nearing insider trading levels of Motley Fool price manipulation tier SSS+ tier advice

>>25644283
Based

Don't be fooled friend. Quick money now might seem nice but soon as these institutions get their eyes set on theses items it will go sky high and won't fall. Just like bitcoin. Hold strong!

>>25644283
Thanks for sharing your wisdom anon.

What's the most based ticker site to keep track of prices on a 3rd monitor?

>>25643984
Wouldn't this be a good thing in the interim? MM coverage causing normies to unironically FOMO all in given whatever the fuck 2020 was all about? Mind you, I'm wondering how the swearing in of the president elect will impact the market...what was happening geopolitically around the 2017 bull run? I'll go google now.

>>25644329
>>25644339
I am certified and I can't currently divulge how so, but I can tell you that I'm CFA 1-3 certified. Something I've been focusing on lately is using the wind get forecasts of the price of crypto. The wind has many directions it can blow as does crypto, you can blow your money in all kinds of ways

>>25644428
>Mind you, I'm wondering how the swearing in of the president elect will impact the market..
unironically a bunch of normies in my workplace think that the USD is fucked because of the trillions being dumped into the economy.
so normies think that crypto is the best gold/silver hedge bet against the USD becoming worthless.
biden = china victory is a popular idea which also strengthens the idea that the USD is janny tranny shit and crypto is a safe hold option until international politics ease

>>25644445
Seriously though I do own some ETH, make a little bit off it so far, hope it keeps going up

>>25644283
This is both bearish and bullish for Ethereum. Win-win.

>>25644402
Tradingview probably

Best place to put ETH profits after taking them?

my CFA lvl 2 friend who gets paid like 110k to be a 13 hour a day 6 days a week wagie to a hedgefund handling billions of dollars says this is all jsut a severe short term market overeraction to the dem cucks winning

its funny that all these people in finance who spend 8 years of their life refining their 'trade' always just end up giving the same vague advice of
"you know... i just trust GM as a company. that sounds like a good investment.
you know.... amazons a good idea even though i dont really understand it"

>>25644344

I honestly can't tell if posts like these are sincere or psyops to acquire normies to dump on

>>25644539
The bank.

>>25644539
Back in to ETH

>>25644482
Alright, time to stack some sats before they figure out how to kyc lulz. Have a great day anon, hope you don't have to wage any longer. And happy new year all.

What's biz thoughts on holding to coin and just riding the drop and buying more. I'm worried the drop and rise will be too fast cuz bots will buy it quickly. Just like when bitcoin dropped to like 28k and then jumped back to 31k

so youre trying to tell me that a bunch of clans/founders aren't just going to dump their shitty exchange restricted coin shortly before the 19th? that they're somehow going to go thru the process of "earning the respect" back of the exchanges over the SEC? fuck that as a normie i can speak as a normie when i say this looks like shit

>>25644634
You're going to ride it out until $300 and not take some profit? retard

>>25644632
how do i avoid kyc. can you give me a basic newfag 5 lines of text to avoid having to wagie the IRS

>>25644634
ya im too smooth brain to call the top or bottom ill just accumulate more if theres a dump only selling when i have enough for a house

>>25643884
10k is a real possibility. If BTC is poised to hit 2T+, Can't see how ETH isn't going to test 1T

>>25644727

>>25644148
Lol wut

>>25644539
USDC anon

>>25643884
20k

>>25644266
Literal superstition. The last big crash started on Jan 15th of that year.

>>25644887
then wait for BTC to drop, and begin the cycle all over again? I a newfag this is my first bullrun

>>25644826
God enjoy bagholding then lol you newfags never learn

>>25644826
I wonder if he killed himself.

>>25644921
chinese new year? kek

I'm also to stupid to know when the dump is happening cuz I new fag

>>25644283
You owe me 3.8 BTC for making me read this

I just shorted it, I'm bringing this fucker down like I'm an AA gun

>>25644737
>meet someone irl that has bitcoin
>set up a bitcoin wallet
>give that person cash in exchange for btc
>get some ETH too
Now you can trade any coin and use exchanges, you just have no fiat onramp or offramp. If they start regulating wallets then you go down the XMR rabbithole.

>>25645165
>meet someone irl that has bitcoin
damn i shouldve just been myself and made friends irl and wouldnt be in this problem rn

>>25644948
He didnt, even pinned the tweet because he thinks its funny. Dudes made of better stuff than most of us.

>>25645250
Good for him.

Do you guys actually pay taxes when you trade crypto? Say I wanted to sell 10 ETH once price hits 2k or so, and then wait for a dump to buy back in (without paying taxes on the amount sold). Do exchanges report this shit to the IRS? How common is it to get audited for doing this?

>>25644218
that's still quite realistic just looking at marketcap alone + ether is the main currency for altseason which will happen soon. checked

>>25643884
Definetly 2k but then it's too expensive for normies and they will buy altcoins. ETH will hang around the middle three digits

>>25644012
they expect one of us in the wreckage, brother

we won't forget your sacrifice

>>25643934
>>25644266
>>25644921
jan 14th/jan 15th are dates that have decent economic releases
continuing claims, initial claims both are on the 14th.
Ppi, retail sales, industrial production are 3 big ones of the 15th.
these are economic releases though so i have no idea how crypto wouldve been tied to these things but these are better metrics than a chinese new year

t. cfa friend info

>>25644750
>10k
I‘d be a millionaire anon, don’t get my hopes up. Don’t be so cruel please.

If you don't think ETH is going to at least 10k you know nothing and will not make it

>>25645309
yes. KYC exchanges will. You pay tax everytime you sell crypto, assuming that sale puts you in the money relative to your exchange purchases.

>>25644283
this is the most contradicting post i've ever read

>>25644445
I owe you money for listening to you right? That’s how it is on other websites. Here. Just take $10 I want a subscription for a month you level headed bastard.

honestly at this pace 2k us hard fud

BTC started crabbing phase. You what that means anons. Do you?

I think 10k+ is reasonable. BTC will hit 100k at least, and ETH was very oversold. Ratio hit 0.15 max, and 0.1 last cycle. ETH is used more than ever, and the supply is going down with 2.0 staking and DeFi. Banks can now store/issue stable coins which probably won't be on ETH but the possibility is there. Scaling will be here in a couple years meaning we are getting close to real use cases.

Institutional money will flow into ETH but probably nothing else. Futures launching in a month which did destroy BTC last time but that was at the end of the bull run. We are still near the start so I expect the price to pump. That being said, I expect a correction to the general market in the short term

>>25647439
dip?

>>25644539
ADA

Maybe $2K, then retracement to like $1.3K and off to $15 - 20K within 18 months.
I think it's stupid to sell lower than $15K desu, but a 40 % drop wouldn't surprise me soonish.

>>25647777
checked

>>25647675
Dippin this dick in your ass LOL

>>25647675
dump

>>25644283
I kekd

>>25644554
Both

>>25647943
kek

>>25643884

.10 BTC is what it needs to achieve.
That is the time to take some profits.

>>25645309
Coinbase doesn't report to the IRS

>>25647777
I was about to sell before i saw those digits

>>25647777
digits confirmed eth ultramoon

>>25648132
thats just mean

>>25643884
Whales and even some intuitions are currently suppressing the price by selling off during pivotal price fluctuations... btx holders want the price low so when its time for BTC to finally consolidate or even dump, they can liquidate into ETH at a much cheaper price. Basically, ETH should be well above its all time high right now if it wasn't for market suppression and manipulation...

thank you most based Vitalik!

>>25644921
>>25644968
That's the date Tether are required to submit their audit to the SEC by you fucking retards

>>25648297
They literally don't. They did for 2019 tax year but said they won't for 2020 tax year.

>>25644283
big if true

>>25648297
https://www.coindesk.com/coinbase-changes-us-customer-tax-form

Pay attention to the volume on the lower time frames (like the 1min chart). You will see nearly the same amount of ETH being sold and bought off almost instantaneously. Its not hard to suppress the price of any asset during this bull run. Since most of the attention is on BTC, you can buy 400 ETH and then immediately sell once it has pumped a few cents to cover the tx fees. This in turn will create the image of lower demand with the price not being able to break out. All investors see is green candles followed by a red candle and not progression upward. This also create more traffic for BTC as investors are likely to sell off ETH for their BTC out of frustration. This was happening during the last bull market as well.

>>25648826
based just put 90k down on eth and made 1k in a few mins

>>25643984
Stfu defi liquidity ist climbing just as hard and when normies start locking their shitcoins in defi, liquidity will remain for sustainable pumps. This is part two of july defi bullrun.

>>25648477
shhhh, someone's gotta be found in the wreckage and all that

>>25648826
checked retard

>>25643884

>>25643987
The 15th is good, but the 14th is cooler. That's why I'm taking profit on the 13th.

>>25643934
Are you going into DAI or USDC? I want to get into something not paired with Tether and will still pump.

>>25644539
Dividend etfs and stop working

>>25644737
I wonder if the foreign exchanges check if passports are valid. Seems anyone with PS skills could fake one and pop up to Canada and sign up from a hotel room.

>>25649167
what am I looking at?

>>25645165
>give that person cash in exchange for btc
Why not wrench hack instead?

>>25644539
Dont take profits, just stake. Staking returns as income and never pay the capital gains jew

>bought eth in 2016 because of anons shilling it
bless those shills

>>25650136

>tfw no taxes if you hodl for 2+ years

>only 2.6 eth

>>25643884
7.5-15k, literally not joking

>>25650321
>only 1.3

>>25650445
hehe 6 eth

>>25648199
Hello $9,900!

>>25644727
>retard
yeah, sure, take profits and buy higher exposing yourself to higher risk and lower reward. Im holding for a loooong time

>>25650445
Can I have the sauce?

>>25643884
Once ETH breaks $1,450.00 it becomes price discovery. Price discovery during a bull market coupled with institutional money means its quite possible we could see ETH hit 30k. The asset is still massively undervalued considering what it's going to do to the world in 5 to 10 years. In the long term it will out perform BTC, in the end.

>>25650643
>in 5 to 10 years
isn't it really slow and expensive to use it though with gas and all

>>25647504
DAI and the other major stable coins will be custdied by banks...

>>25643884
>>25643884
>>25643884
>>25643884

I've been trying to tell /biz/ FOR YEARS that Ethereum is the only chain that matters.

Look at the goddamn ecosystem, it's basically all of crypto. The only coin that comes close is Bitcoin, but it's still barely used.

Everything else that's not Ethereum is a GHOST CHAIN.
Seriously get this into your thick skulls.

I've fought so many times with NEO, IOTA, EOS, You fucking name it shills on here. THEY ARE ALL REKT.

Ethereum will go to 5k-10k guaranteed. Perhaps beyond 10k if the hype really picks up among normies.

>>25650643
eth has already broken ath in marketcap, we're already in price discovery

>>25647777
HOLY SHIT! 20K ETH CONFIRMED!
BUY BUY BUY BUY

>>25647777
7
7
7
7

>>25650732
No! Once 1.5 rolls out scaling issues are gone. Until that time layer 2 solutions are used as a stop gap hence ETH having bakers such as Microsoft Intel JPMorgan and even Visa. No other blockchain has this caliber of backers. Only a fool would bet against ETH... Cardano and even Dot will never come close to competing...

>>25643984
I'm new, where do I read what normies think at the moment?

>>25650983
We're hedge fund boys... We don't have time for normies. Good luck, gentlemen and enjoy the ride.

>>25650983
If you're new then you're the normie. Look at your own thoughts

>>25651194
Based. kek

>>25650807
Based

>>25643884
5 figures MINIMUM

t. scooped up eth at 80 USD during corona dump
i've been shilling eth here for years
you had 3 years

>>25648422
Literally pulling this out of your ass, no fundamental reason for ETH to be higher than speculation. ETH main utility is computation platform for smart contracts and in case you haven't done defi, it fails pretty fucking miserably at that in both speed, cost

>>25650321
>>25650445
>mfw 1.1 i had a little more but took a gamble on parsiq recently, shoulda just kept as eth

>>25651387

Has it really been 3 years already? Jeebus

>>25650807
>Ethereum is the only chain that matters
Which is exactly why expensive ETH will ruin ethereum and ultimately crush the price of ETH. You can't do anything on ETH with prices this high. If and that's an IF ethereum 2.0 works out gas prices might be low enough to do basic transactions but the great promise of ethereum is unfulfilled because you can't do anything actually useful with smart contracts. DeFi is not actually cool, it's not even real finance which isn't even cool. DeF is a garbage fad scam and eventually it will fizzle out when retards learn that winners mean losers.
Ethereum is a brilliant technology but it will defeat itself because the founders want to reward themselves as bag holders. The usefulness of the chain is undermined by an expensive coin. If there is a future to this tech it's in real world application of smart contracts. Either layer2 will become the more important aspect or other chains entirely will dominate. Either way the intrinsic value of ETH is severely limited and it's in reality just another SHITCOIN!

>>25651194
I don't have any, too little info.

>>25647777
>>25648138
Similar, was considering buying more and but had decided not to fomo since I already have a modest stack (150) - those digits though. Now I'm gonna buy half of what I was considering. Hope 1.5 and 1559 come through and it really pans out as 4ir web3 backbone. dollar death looks to be accelerating much more quickly than i expected too. normans i think are getting warded off by '17 fomo rehashes '18 crash parables - they probably won't get over it until 100 btc/10k eth.

>>25651469
And that's exactly how they think, they're clueless. Just buy ETH it'll 2x in the next day or two

>>25644255
HES LYING ITS CALLED ETH DO NOT BUY XRP

>>25644266
Thats when tether gets audited.

>>25650807
when ETH flips BTC, everyone will look back and realize the writing was on the wall for years

>>25651750
agree w/ this. but don't think btc goes away (i know you're not saying it does either). btc probably remains a very very solid #2 mcap as its meme for forever

It'll go above 10k. I don't know why you newfags keep talking about selling or cashing out tho. The high IQ play is to never sell, only take stable coin loans for expenses and to put like half of it back into eth and pay back the loan once eth has doubled

>>25651839
I agree

>>25651865
Checked.

guys its dropping

>>25651750
This
>>25651839
And this except link will be number two

>>25651458
Low iq take. How many times do we have to say this: gas prices are not related to the price of eth. It is based on a bid system. The more competitive the speeds are the higher the gwei. Fuck you 4chan idiots piss me off.

>>25651922
XRP will #3

>>25650983
Do exactly the opposite of what your instincts tell you

>>25644093
Anon your math is retarded, .10 of a bitcoin would be like 4700

>>25643884
Take ETH profits and buy EVE

>without EVE ethereum won't have real utility

>EZ 100x

>>25651458
>>25651939
Yeah, op is an absolute brainlet mong that apparently has no understanding of business and finance, nor a clear understanding of the roadmap ahead re: 1.5, 1559, and l2 integrations. cap him and laugh at him in 2 years (or sooner).

Normie FOMO is starting. I predict about 50k BTC, 2k ether before a normie shakeoff. After that, the moon.

>>25651957
So if people here are saying they will cash out on 14th then I should cash out on 13th or 12th. Does that sound right?

>>25643884
The higher it goes the more of a chance it has to tank. ETH is like what? $200 away from its all time high? It might make it just shy of 2k but then it's tanking back to rock bottom. I'd def sell before Biden takes office.

>>25652125
the crypto clans who subverted JP morgan into meming btc being worth like 180k in a few years is going to make it harder to read if itll crash at 45-50k or not

>>25652197
>I'd def sell before Biden takes office.
tfw you sell right before the dollar starts getting debased at record pace, kek

i cant log into my coinbase " an error has occurred"
coinbase just cashed out on everyones money fuckkkk

>>25652213
Frankly I have no idea about what'll happen in the short term. It's definitely going up on the long term though. I tried to swing ETH and nearly got priced out, I'm just holding until my goals from this point on.

>>25643934
thanks for reassurance anon fren..

I have 32 ETH is it enough to make it?

>>25652323
Maybe not this cycle, but if shit pans out, then yeah, within 5-10 years max.

>>25652125
This is more or less what I'm expecting too. We're only getting started. There'll be a shake off. Weak hands and 2018 era PTSD patients will get rekt.

>>25652276
I was logged in, and went to place my buy and got this. fffff
>>25652296
>I tried to swing ETH and nearly got priced out
same, was swinging shitcoins w/ eth and literally lost about 20eth worth the way it stand rn. oh well i guess. if we weren't tolerate to a bit of risk we wouldn't be here anyway is how i see it

THEYRE GONNA DUMP GUYS. THEY TOOK DOWN COIN BASE WE'RE ALL FUCKED

>>25652603
>>25652494
its over, just when i thought i was starting to make it

>>25652191

>>25646840
delusional
70%+ of trades are done by bots, they care very much about overbought

>>25652494
they do this every time before a dump

>>25652969
people have been saying the 12th so im gonna cash out on the 11th

>>25652494

The app works fine

tfw even coin base is compromised.....

>>25648826
Do you have any clue how expensive this would be? Do you think only a single exchange sells ETH? I know arbers will take care of distributing your trades, but the sheer amount of volume that happens normally makes this impossible without losing millions an hour.

>>25653018
if you're cashing out the 11th then i'm cashing out on the 10th

>>25652989
"Overbought" doesn't really apply to growing assets or asset classes for that matter. It only makes sense for things like commodities or non-growth stocks.

Go ahead, miss this AGAIN because you want to be smart and not make money

>>25653100

Jokes on you, I'm already out

What about the ETH to BTC ratio. I know the individual ratio was 0.15 but anyone know what the maximum MC of ETH to BTC was?

>>25651458
> he doesn't know about zkSync (see Curve demo)
> he doesn't know about Optimism OVM (see Synthetix demo)
stay poor

>>25653024
no it doesnt

> mfw
buy @750 and put a sell order @1400

As a nocoiner should I put my life savings in ETH?

>>25653148
SHIIIIIIIIIIIIIIIIIIIIIIIIIIT

>>25653322
>double dubs
ALL IN

>>25653322
XRP is safer

>>25643884
$2k easily

>>25643884
Hopefully 0. Fucking peace of shit gas fees retarded coin. I have a bag but I hate it.

>>25653148
Heh, same, all according to keikaku

>>25653383
Why yes, the coin under SEC investigation and getting delisted is really safe

>>25647777
This. If you haven’t bought in wait for dip go 1.5K and go all in.

>>25653322
after the crash

All my money is tied up elsewhere and I don't wanna sell until I'm paying long term capital gains tax. Hope this shit is at the bottom around April.

>>25644093
yea but there is 30k new ethers every day

>>25649324
Thats not a bad idea to take it on the 14th, but everyone is doing that so I'll take my profits on the 12th.

>>25650983
Major News Networks

>>25648477
Retard keep up with the news. Tether have to submit a report to the NYAG. If they fail to then the case gets escalated to the SEC. You should know this.

>>25644283
thanks anon

>>25650732
that's why i'm all in on raiden. i'll go down with that motherfucking ship i don't care.

>>25648132
Yet

>>25647777
Wow. I'm never selling.

>>25650445
I have 1.2, but I started with 0.6
Daytrading shitcoins has paid off

>>25654233
I agree but since you're doing that i'll be taking profits on the 11th