/biz/ - Business & Finance

>>26335315
Okay so lets calculate it: 42k was the top x0.6 =25k. So when should i start to worry like in south park? After we penetrated 25k from north?

>>26335685
I would keep my eyes on the 25k zone as a buy area. I don't expect it to go lower since this dip wasn't caused by any significant event with worldwide implications

I like AAVE <160 here. Finally it got to where I wanted.

>>26336231
Basically caused by boomer Biden/yellen fud right?

>>26336231
https://markets.businessinsider.com/currencies/news/bitcoin-price-double-spend-flaw-critical-report-suggests-2021-1-1029990921
coordinated fud is suppressing the price the most right now

>>26336295
That and some faggot journalist misreporting that a double-spending event occurred with Buttcoin

>>26336480
This, those retards just gave us a flash sale as far as I'm concerned.

>>26336351
The FUD pushed through some stop losses and liquidations. It's going to cause a couple months of sideways movement from the bottom if we're where your chart says.

>>26335315
why do you faggots never show the full chart? Looks like the right side of that to me bud.

>>26337206
and if you zoom in the dumps on the way up look like it too

This dump was obvious considering BTC was crabbing at 35k for days

>>26337287
and if you keep zooming and all you see is poop pee >>26337206

>>26337206
do you faggots never show full log charts?

delete this you fucking cunt

>>26337206
>halving in 2016 / halving in 2020
>bullmarket started in 2016-17 = bullmarket started in 2020-21

>>26337442
>quick let me find the only possible chart that could ever look good

>>26335315
Lmfao we're always there
It's ALWAYS the first sell-off

>>26337683
Yes.

Just hodl forever

>>26336351
Basically that. Even if the FUD got refuted (since it wasn't a real double spend), the news caused some newfags to panic. It was that combined with the dumb Yellen (that also released another more crypto friendly statement just today, but since the dumb news with her old statement is already out there, newfags gonna sell)

>>26337442
>Using a log “hopium” chart and not a legitimate linear chart

Never gonna make it

>>26336351
unreal.

>>26337767
>the news caused some newfags to panic
better they get their first chaff here than at $100k

>>26335685
The Jews know that you think it's going to 25k that's why 28k - 29k is the lowest you'll see.
In June 2017 BTC hit just shy of 3k which was triple it's previous ATH and triple where it was just a few months prior. By mid July it bottomed out at $1900 before regaining 3k in August eventually hitting 19k in December. Today is mid July 2017.
The sequence is reverse fibonacci. So, this retracement happens at 2x instead of 3x. It went up another ~6x from 3k. This market tops out at 80 - 120k. Start selling massively into ~90k and wait for the retracement to this point 18 months from now and buy back in. Wait another 2 years and repeat.
You're all gonna make it.

Buy when there's blood in theAAAAAAAAAAAAAAA

>>26338277
yeah, they need to get rekt a few times until they develop strong hands and get used to how the market works

>>26335315
Well atleast somebody on this board knows what they’re talking about. Any thoughts on how btc would handle the possible impending market crash?

>>26338746
This. Already saw a few newfags on another thread that are waiting for the 25k dip, kek

>>26338746
hey anon you know that book is a total lie right? You know he never even spoke to carnegie right?

>>26335315
>past performance is not an indicator of future performance
>your POSITION is the only thing that matters
two golden rules of trading, don't forget it

bros I've got about 10k set aside that's my DCA pool, I can't add more much more to this until summer. What's the move?

>>26339113
I guess it depends on the timing a lot. For example if the market crash happened right now it would be very bad since we're already in a red area and it would only amplify the FUD and the panic selling. But if it happens after BTC passes the 42k ath and there's plenty of buy pressure and positive crypto news then the effect should be reduced or even nullified by some of the money going from falling stocks to crypto searching for a safe haven.

>newfags get eternally priced out as supply is bought by hodlers
Best timeline

>>26338746
When I was 1-5 years old I averaged 20cm a year
Using TA and Reverse Fibonacci Techniques, I project my height to go from 180cm this year to 280cm in 2026, will need to rebuild all my doors.

>>26335315
How to become rich:
>buy now
>sell the next ATH in February
>buy at the lowest point mid April
>sell again December 2021
Screenshot this and seethe because you won't listen to me.

>>26335315
>Buy when there’s blood in the streets, even if the blood is your own
This only really applies to the stock market.
Where you are investing in companies and the people who work in those companies, which generate economic value.

Crypto is just another form of "asset" like gold.
You buy it. It doesn't do anything. It doesn't solve any problem. Therefore, the only value it will ultimately have, is what others pay for it.

>>26337579
>>26337853
how fucking new are you faggots?
If you trade macro trends, you need to use the log chart for scale.

>>26339419
Correct. Also miners need to sell to cover their electricity, labour and rig costs even if the power is stolen.

So if you don’t sell, someone else NEEDS to sell.

>>26335315
Bitcoin is a Chinese miner Ponzi. It used to be sub cent now yes, i am soooo sure institutions are buying NERDS bags. It's the funniest shit ever.

Buy new shit on ETH like UNN. Sell euphoria. And move on with your life this year.

This is the last ALT bull run of note / volume.

>>26339520
>shilling a shitcoin
Opinion discarded
Into the trash it goes

>>26339483
People really underplay this fact.
Bitcoin needs to be pushed REALLY hard as a transaction medium to survive long term.
Not that people haven't been trying.
The tipping point will be when people are using government cash to buy bitcoin in order to buy the products that they want to buy.
When they actually quantify their purchases in Bitcoin.

I just don't see that happening. Everything else is really just pure speculation.

>really wanted to sell on the bounce to 38 and my gut was telling me to sell and rebuy on a crash
>decided I was stupid and would just make retarded swing choices and lose
>turns out I was right

>>26339325
I concur, good analysis. Probably a host of other things that could happen too, with bitcoin AnYtHinG iS pOssIbLe

>>26336351
Top fucking kek. Someone posted exactly this a couple of days ago on here. Business "journalists" literally took a biz throwaway shitpost as news.

>>26339113
>impending market crash

lol, there is no crash coming. We won't see anything like March 2020 for another decade. Not even close. Only people who LARP constantly about muh market crashes are room-temp IQ retards who know nothing about real markets

>>26335315
we're actually at the 4th arrow in mid-2017, given that one came following a ~3.5x rally from 900 > 3k early in the year following a halving. 2021 lines up perfectly.

$30k bitcoin is not cheap, wake me up when we are at $10k or below again

pajeet scam coin

>>26336295
No, this is traders ass raping all the weak-handed noobs that fomo, just like every time

>>26339468
>trade macro trends
>still check price of btc every minute

This goy literally thinks he is smart:
>>26339419
>Crypto is just another form of "asset" like gold.
>You buy it. It doesn't do anything. It doesn't solve any problem.

>>26340399
Ok, so why don't you educate us?
I'll back up my claim.

Buying Stock
>Company takes money and reinvests it into the company
>People working in the company generate value by solving real world problems that people are willing to pay for.
>Company distributes some of that newfound value in the form of share buybacks, dividends, etc.
That's literal value.

Buying Bitcoin (or gold)
>You pay for e-money (or gold)
>People might do all their transactions in e-money or not
>Sometimes, they need to you translate to a different medium to complete your transaction
>Bought bitcoin just sits there
>Nobody employs the capital to solve problems
>Somebody comes along and says "oh yeah, I'm going to buy some of that"
>Your e-money / gold has some value now.
At least with gold, it has a few industrial and material uses.

Call me old fashioned, but I tend to want to invest my money in smart, hardworking people, rather than speculative assets.

>>26340954
Buy eth or at least stake.

>>26339415
what are you basing this on

>>26336677
>those retards
Considering even for a second it is not orchestrated... Ngmi

>>26339378
more money was injected by tether in the last 30 days than all retail investors & private equity combined

>>26341763
And it still goes down? Is btc fucked forever? Like if tether scam puts them in jail... Will gvmt take over their assets?

>>26339746
The new STX 2.0 project may help here. Since their coins are mined by making btc transactions on the btc blockchain the transaction miners are encouraged to submit with high fees to ensure inclusion in the blockchain. This would add a new fee market to btc that was not their before. More normal btc transactions could then go to lightning or other L2s and there would still be enough fees to keep things going even as the mining reward reduces.

The STX coin then acts as gas on its own chain for smart contracts but the stakers in STX get rewarded in the coins sent on the btc blockchain by the miners.

Not saying the incentives are perfect, but it could radically improve BTC's future sustainability as a network.

Look up the informal definition of crypto online. It's all a part of the incoming universal communist digital welfare system.

https://www.youtube.com/watch?v=3JS8CW6dq1I&t=17s

>>26338746
unironically this. they watch the levels and won't go easy on you. this is all about outplaying the normies and whales at the same time.

crypto vet here. lived through this 3 times. tether up cuz its down from here

>>26335315
Have fun buying the dip like the idiots back in 2017 after the blow off top. Sold at $40K. Comfy. See you in 4 years anon.

>>26335315
Newfag here,
I was able to analyse from afar how the board and how the dildo react of the past week. I wasn't subject to emotions because I invested in RBC and not maincoins, I am also not diversifying yet.
it's impressive what you guys do, and I almost regret not coming here before. But I also was younger. So I might have had been subjected to more emotions.

>inb4 rbc is a pnd scam
I know, I wanted to learn the hard way. And well. Swinging my way from a 2 digits to a 5 digits is pretty comfy.

>>26342439
>crypto vet here
For what, crypto kitties?

>>26340954
>implying I dont want you to stay poor
Congratulations on figuring out the ponzi.

>>26338746
>>26339132
>>26342408
Retarded cultists of your kind believing in infinite growth will lose everything in the coming days and i'll kek my ass off at your retardness.
The bottom is $300. See you there.