/biz/ - Business & Finance

>>28425469
We're not going back to "normal". Fiat is undeniably funny money. Even boomer ETFs won't bear inflation going forward. Crypto is getting support even from banks as of today.

>>28425752
Sure anon, this time is different right?

>>28425752
I find it funny that crypto in ETFs is seriously being considered at this point. It's definitely a sign that we are in the greed stage. Crypto is too cyclical and retail won't be able to handle the downside in a bear market.

>>28425752
There will 100% be some form of "return to normal", but I don't think it will be as drastic as a 70%+ retrace. The main questions I have are if this cycle will invalidate previous macros and if blue chip defi projects will be more dip-resistant than any previous alts we've seen.

>>28425469
My theory is that this time it's gonna be similar to the one in 2013, we will touch ceiling in May, then a big dump, and then another in ceiling in August.

If you ask me, I will sell on the first top which I think it will be 160K then back to 90K, then another big frenzy to 190K and from there we will see the 3 years bear market the bottom being 20K - 30K.

>>28426120
Yeah remember when Tesla bought 1.5bn BTC in 2017? Fuck off newfag

>>28425469
>we're most likely in enthusiasm
Agreed
>will this time be different
Don't fall for this mental trap
It's never different

>>28426649
Make sure you post your sell orders, champ.

>>28426361
To add to that, does anyone remember near the peak in 2017, I think around $16-17k, that New York "Bitcoin fund" that was set up? It was basically like a proto-crypto ETF, and I also remember talk that "Bitcoin won't be allowed to fall" because of these "institutions are in."

>>28426590
I have the same question as well, I can't believe the demand for DEX's right now.

Uniswap has created a very loyal community, if we get back to "return to normal" gas fees would decrease, which will make DEX's more useful.

We don't have a pattern to DeFi yet, we are early adopters.

People take profits, it’s delusional to think otherwise. A sell off is coming, how long it lasts, how far down we go is unknown, the devil is of course always found in the details.

Bitcoin is an asset, assets do not go up indefinitely, no, Bitcoin is not somehow different. I’m seeing a lot of utter delusion lately on here, your complete shitcoin that has increased 400% in a week is not going to be part of the future, you need to take profits on it at some point.

>>28426875
Trying not to, anon. Set rules for myself when I started re-entering the market in 2019, and I'm constantly reminding myself.
How long you think we got left? And how much exposure do you keep during the bear? I'm thinking of taking like 40% of my stack to the sidelines, but it's a fairly arbitrary strategy I came to.

>>28425469
Oldfag here. I have no idea

Covid crash was the bear trap. We are in either enthusiasm or media attention. Starting to see some greed as well with retards taking out more and more loans. This checks out when comparing with S2FX or the parabolic advance which shows we are about half way through our parabolic run. 4-6 more months with a crazy blow off top (10k+ move in 1 day). We could reach 100k if you ask me.

>>28427429
go into stablecoins when BTC next hits a double top and yield farm, it's literally that easy

>>28427344
Checked
Why would people continue to take profits into fiat though? Wouldn't it make more sense to hold btc?

>>28427700
Checked. Following s2fx too, but doesn't that predict around 150k around June/July?

>>28426649
Mtgox oldfag here. 2013. I think something similar to this. Sentiment changes fast. But the bottom Will not be as deadly as earlier cycles. Hopefully the Bull continues the rest of the year. And then gives us 3 more years of accumulation and development.

>>28427718
the fuck is yield farming?

>>28427957
There's the crux. I want to take profits but in what? Fiat is being printed at an unfathomable rate, holding lots of cash seems retarded.

>>28426649
Reading this we are definitely in delusion

>>28428389

>>28428223
Dare I ask an old master what the best play is. Its a clown market so I’m almost all in Link and some in BSC farming, l1 seems like a fools game atm, no one can solve the congestion problem and betting on a L1 seems foolish. Any insights?

>>28427429
I may hold a small amount of BTC just to keep a feel on the state of things.
I'm not really one for timing, personally. I've decided to scale out if it goes to a similar extension above the 20 week MA as in 2017
Also if I see Pi-cycle lines have crossed I'm full out
If I had to guess gun to head I'd say we have til late Q3
>>28427718
This unironically seems to be the play
The question is how will apy hold up

>>28427700

vouch
>t. /rtd fag

not an oldfag. sold. so many retards in right now.

>>28428178
Sorry, s2fx predicts 288k. S2f predicts 100k. I'm thinking 100k with a big wick of latefags to maybe 120k or so. Everyone has their own opinion, but me personally I just can't imagine we actually reach 300k. The market cap is just too high. We would need the central bank of Russia to buy in or something in order to move the needle that much.

>>28427344
>>28427957
>>28428461

found the guy who's able to step back and control his emotions. I was here during 2017 and watched a huge stack go all the way down to nothing....I refuse to go through that bullshit again. I've sold and taken profits. If I miss out on a little more gains then oh well. Im happy with my stack.

I shit you not, research precious metals and how they perform during periods of inflation and hyperinflation. the surest way to keep your money for now.

silver is so heavily undervalued it's ridiculous. so not only can you use it as a store of value at this point....it has massive upside profit potential. every single electric vehicle will need it, every single solar panel, smartphone, tablet, etc. It's going to fucking explode in the next couple years and onwards.

either buy some physical silver or buy silver ETFs like PSLV and hold that shit.

>>28428629
Pi-cycle is getting close bro - the same ratio right now I think is around July/August 2017, right?
>>28428858
Any high dividend ETFs you recommend? I'm scared to park my profits in stocks right now desu.

>>28428802
I agree.

Even 200K would be insane market cap wise.

I've been DCA for a year and my price for cash out it's 150K, even though I think we will have a second top later this year like in 2013 but that's too risk of a gamble.

>>28429270
Pi cycle held the current almost-cross for 3 months before peak. But RHODL ratio shows plenty of room for growth, MVRV-Zscore shows we're on the run up to a top, but that it needs another spike of nearly 2x to see a real correction.

We're at media attention phase anon
The fun has yet to begin

Just watch the markets, nasdaq in particular. When TSLA catches a cold, BTC will get cancer and everything will tank as people take profits.

But then alt season happens.

>>28425469

>>28429529
Any other indicators you follow? I think the lookintobitcoin one's seem pretty reliable, but I'm a bit worried they're a product of overfitting.
The one that I'm really following (and probably won't mention again) is HC Burger's power oscillator. Think I've only seen it mentioned once or twice around here.

>>28428575
Hard to predict the future. But when btc transactions for expensive, it became store of value. When eth trans became expensive it will become only for important tasks, not shitcoins. Hopefully eth Will survive, and shitty projects Will move to cheaper chains. Holding a lot of different chains are okay for me. Even a bit of xrp. Link Will move their chain if needed. I follow Benjamin cowen on yt. Because even tho im oldfag, I dont know everything. You just get more used to the bubbles

>>28429719

okay so like, when the fuck do we sell everything

>>28429270
It's spooky but being close to crossing isn't actually crossing
Yeah mid summer feels about right

>>28427957
You can buy boomer stocks that won't crash 99% like most of the shitcoins in the top 20 inevitably will. Maybe real estate if you made enough money.

>>28429719
This but unironically

>>28429719
>Stealth phase
has literally been over since 2018

>>28425469
hey kid. you were just in the bear trap and are about to get to media attention. (tesla) etc....prepare to have your face melted.

>>28430332
May 17th at around 7 pm ET. Thank me later.

>>28430807
What do you think new ATH will be?

>>28425469
enjoy the ride, no matter where it goes

>>28429456
A good alt season would be real great. If it hits 100-150k one could take out principal plus some fuck you money, drop 10-20% into some alts, and fuck it. Might catch a 10x right there on top of it all.

Wishful thinking. I'll probably end up getting rekt again, just like in 2017

>>28425752
>new paradigm!
Yeah OP, time to dip out

2016fag here
There are actually useful things going on in crypto right now which makes me have some doubt that it'll repeat. I want a crash to happen so that I can accumulate more bitcoin. Much of what caused the 2017 crash was that there were billions of dollars being thrown at altcoins that did LITERALLY NOTHING that were trying to "revolutionize" STUPID BULLSHIT by using the blockchain. Shit like Vechain, Waltonchain and Ambrosus. Now, there are coins that do interesting things like LTO and LINK around. Another thing is that USD inflation is raising the price a lot, and Elon has just inflated the market even further.
No clue what'll happen.

CLF to the moon

>>28432600
There are dozens of altcoins valued above $10b which do absolutely nothing and are still 3-4xing. LINK is one of them, by the way, but look at DOGE, AVAX, GRT, AAVE, UNI, etc. even if the underlying code does something the token is useless, people are just buying to dump on others

>>28427957
At least you know cash will still be there after a recession. So many of the coins we see now will go bankrut and disappear forever. This is why I don't even trust stablecoins.

>>28425469
it will be a double bubble this year
newfags will have it harder than in 2017
bitcoin at 1 million possible near next christmas

>>28425469
8 months tops until 2017 looks like a joke.atleast thats what my guts tell me.

I don't see why we are comparing this to the crypto bubble of 2017, given that absolutely everything is overvalued including stocks and real estate. This feels more like a globa recession, so then I'm not sure how much it matters that companies like Tesla are playing with crypto; I don't think it can save us

>>28433942
exactly. we just had the entire world shut down, millions upon millions lose their jobs, tons of people can't pay their rent......but the stock market and crypto market are fucking exploding because of funny money being printed like there's no tomorrow. 100% not sustainable and this will not end well.

>>28434188
only for some

We are on media attention phase, in the overall cycle.
We will enter enthusiasm phase probably by June of this year, due to EiPwhatever for Ethereum. Miners will be expelled from the network, which means much lower fees. This will propel the alt season, leading to the enthusiasm phase.
Greed phase probably between August and October. Delusion by November and New Paradigm by December, then the bear market will kick in.

>>28429719
So in other words we're in the delusion phase already?

>>28433612
Nope, its just a single bubble, like it was before.
What happens here is that both newfags and oldfags have been programmed since their childhood, to be poor, so the poorfag mentality stays even after incredible profit. The pleb stays in denial that crypto can reach such heights in just one year.
But its possible. Fundamentals point to a $360k price by the end of the year.

>>28434529

>>28425752
oh boy I can't wait to get paid in crypto.

seriously, if crypto becomes the new norm what then, am I going to be paid in crypto? I would welcome that change.
>get paid a year worth of crypto
>never have to work in my life ever again

$CLF
02/11/2021
>Biden says China will 'eat our lunch' if U.S. doesn't move on infrastructure

https://www.cnbc.com/2021/02/11/biden-says-china-will-eat-our-lunch-on-infrastructure.html


---
$CLF
02/04/2021
>"New orders for manufactured goods in December, up eight consecutive months, increased $5.2 billion or 1.1 percent to $493.5 billion, the U.S. Census Bureau reported today."

https://www.census.gov/manufacturing/m3/prel/pdf/s-i-o.pdf


---
$CLF
02/04/2021
>"US trade court dismisses challenge to Section 232 steel tariff"

https://agmetalminer.com/2021/02/04/this-morning-in-metals-us-trade-court-dismisses-challenge-to-section-232-steel-tariff/


---
$CLF ST
https://stocktwits.com/symbol/CLF

>>28434745
What fundamentals are you looking at? As >>28428802 pointed out, the most liberal estimate right now is just shy of 300k. I'm not aware of something more reliable than s2fx for long-term predictions.

>>28425469
posting in epic thread, screencapped for 2022, kek
by the way, this time is different, kek

>>28427344
The thing is, crypto is different. The charts for the previous bull runs go way higher than where it is today, pic related, it can’t go up forever? No, but it can go up a lot higher

>>28425469
I also believe it's enthusiasm. Judging by the stocktoflow and other models, RHODL ratio, and some others from glassnode
I also think about the same counter arguments you just posted

Sorry anon, I don't have much to add, but I'll surely adopt the same strategy as before, withdraw 25% and let the rest ride

if the whole gme-leddit thing thaught me anything then that enough normalfags are in crypto and stocks now that should have never touched either and this could speed up cycles much faster than ever before.

>>28425469
>Market being manipulated by the world's richest man on twitter
>Lindsey fucking Lohan tweeting about BTC and DeFi
>my boomer dad called me up and asked "What is Bitcoin"
This is the top.

>>28427700
a 10k+ move in a day depends on where you are, kek
it's not the same from 80k to 90k that from 90k to 100k (the latter is easier, kek)
start thinking logarithmically, ffs, that nobody remarked this is correlated with the current state of /biz/ kek

>>28427122
DeFi is certainly in the very early adoption stage, but gas fees is what it's holding it back. If there would be a way for them to fucking dissapear or be like a normal CeFi exchange fees of 0.01 or 1% then I would see it having widespread adoption even from the normies

Also buying with credit/debit card

how do you usually play bear markets? like do you save up cash before so you can dump it in during the bear market and then also DCA from salary?

i finally have a decent job that i can actually afford to put sizeable amount of money every month, last bear market i could only dca little into BTC

like now i have 5k in bank, 200k in stocks and crypto, goal to have at least 1-2mil in 10 years

>>28436209
so be it, start short selling, kek

>>28435446
lol that's not how it would work if being paid in crypto started becoming the norm

>>28437096
How will it work then?

As always with mania, it will be soon after people who took profits FOMO back in. This is definitely not happening yet as most threads are about calling the top still

You can tell from the comments in here and in the wider community that we're in delusion/new paradigm phase.
Comments like
*This time it's different
*Everything is moving to crypto along with Tesla
*100k EOW
*We're in "media phase bro"
*This growth is normal and sustainable bro
*Bro who cares if tether isnt backed neither is fiat bro

This alongside idiotic celebrities, tiktok users, redditors buying doge are all clear indicators that we're approaching the peak. Wouldn't be surprised if it's this month or maybe March.

>>28430620

This

>>28434745
100k in Jan 2022, bullish
100k in May 2022, conservative
BTC is averaging daily +0.18% to +0.23% since I have knowledge of, kek

>>28437843
how do you play it? i don't really want to try to time it because i will probably fail, should i just hold? i own mostly BTC, ETH, some XMR and GRT

>>28437843
All I care is a huge alt pump like in 2017/2018, everything can crash later.

>>28438136
just hold, but keep in mind that the floor of this cycle will be ~60k, don't be priced out, kek

>>28437843
nah, the new paradigm phase is when you hear your retarded friends saying they are putting money in after being nocoiners.

>>28425469
Low iq thinkers and literal autists think the line has to repeat old patterns for some reason, despite the fact no other asset, stock or currency ever does that. In the long run the 2017 bullrun and 2018 crash will just be seen as a momentary blib of early adopter overexcitement and panic, but not a significant movement overall.

>>28438232
We're in it, there are shitcoins are pumping 30% daily
My cardano has gone up fucking 300% in a few weeks
>>28438136
It's a difficult play,
Sell to early and you miss the gains, sell to late and well....

Ive been slowly moving to USD over the last week. Right now I'm still 80% crypto so I'm still heavily exposed. I'm finding myself as being too greedy to sell anymore.

>>28425469

I agree. My worry is that gas fees will kill the alt run.

>>28425469
Why would anyone put money into crypto when every other asset class is popping off?
This mastercard and tesla shit is exactly what happened last bull run with companies just slapping crypto on everything to try and increase stock prices.

>>28426677

Based and checked

>>28438628
so when the bear market starts, do you start DCA in again?

>>28439180
2017/8 took like a year to find the bottom. Who knows how it this will play out.

I'm personally not buying until btc and evaluations are back to mid 2020 prices

My plan is:
keep my boomer portfolio
don't sell unless individual position reach ATH
don't try to time the crash
have liquid cash to buy if it really does crash

>>28427344
>your complete shitcoion will not be part of the future
That's why you do your research and buy things that aren't the 2021 equivalent of buying pets.com during the dot com bubble. There are projects that will be the new google's and amazons etc. and holding them is a good idea

>>28426120
>>28426361
>>28426590
>>28434881
>>28432263

>20 year old ""traders"" read one graph then become cynical le seen it all wisemen

Protip, literally every stock, bond, crypto, asset or whatever thefuck that is valued highly started off with that very same stealth phase, smart money buying in, blah blah. Except due to the fact that the asset is indeed highly valued for good reason, there is no crash or dump. Amazon went from 500 to 1800 in one year, this is where you fags would say muh new paradigm muh greed muh normies and then sell. Currently it's climbed steadily since.

A bubble is only a bubble when the asset is inherently shit and people buy in because it's expensive. Tulipmania is the classic example, ask a dutchman in the 1600s why a tulip is so expensive and he would tell you "because the rich are buying it". Ask me why Amazon is valued where it's at or why Bitcoin is valued where it's at and I can give you a laundry list of reasons.

>>28425469
Crash happened in late Febuary 2018. It'll crash around march and I'm just going to make as much money as I can before I start seeing red numbers

Been holding and haven't bought anything since 2017, just sold all my BTC.
I don't care if it goes up to $100k, I just wanted to rake in the profit after 4 years of bagholding.

>>28439954
tbf I still don't get why bitcoin is anywhere near where it's at. Ethereum and smart contracts have a definite usecase in the near future. Bitcoin's only authentic use atm is buying drugs online and even that's been taken over by monero

well i got a call from my roofer and he ask me how to buy bitcoin, we see german trash tv stars with allin bitcoin ads in investor newspapers.

im out, no this time is not different. its allways the same. They pump bitcoin 2k with only 100 btc buy orders, 500$ candles with 20 btc and so on (bitfinex).Binance kills all longs and shorts everyday. A lot of hodlers selling at the moment. Just watch the orderbooks.

I'm a oldfag, made 7 figures in this cycle and i think the makrtes are tooo hot. All indicators are at ATH leveles, never seen before levels.

Maybe thats it.

We have some open gaps around 18k.

Take profits, keep your USD. I had the same feeling in 2017 i dont need fiat usd is worthless bullshit. Its not! You can have a normal sleep, chill and relax cause your money keep the value. As i wrote this binance rekkt the whole todays pump (7k btc bought) with just 4k btc.

>>28440169
You will soon be able to buy a car with bitcoin. Next? Probably a house.

yes at btc 100k drop to 50k. Screencap this.

>>28425469
>BTC hits $100 000
>Satoshi pull the rug.

Screencap this.

>>28440169
>Ethereum and smart contracts have a definite usecase in the near future. Bitcoin's only authentic use atm is buying drugs online
how new are you? and let me guess, you voted for Biden didn't you

>>28437361
if everyone got paid in crypto then you'd be spending it, not hoarding or gambling it for a "bull run". sure, you could invest in some stuff, but this would be your money you would spend on bills, rent, buying food. it wouldn't moon anymore.
>>28440058
???
the cycle isn't over until spx shits the bed or bitcoin gets at least a 5x from last ath
>>28440169
roflmao
if shithereum could do PoS and proper gas it may have had a spot in the top. it's about to be dethroned for real by any number of ethereum killers. elrond, radix, cardano, polkadot.

>>28440330
50% of all bitcoin is sitting in wallets waiting for someone to find them. Just imagine the rugpulls

>>28440169
eth is a useless piecae of shit. They gas fees kills them self. Try to send $100 eth its just cost $30-&50 fees. Buut but uniswap, they only make money with the high gas fees.

>bobos are still posting this chart
how painfully desperate

>>28440169
yeah I don't either. I'm betting on altcoins, BTC is a boomer dinosaur coin at this point and it's only matter of time before mainstream institutional investors figures that out.

>>28440442
kek I'm literally a nazi. You guys do make good points though, I'll have to do more research on ethereum killers

>>28440109
Forgot to add: normalfags will always have paper hands, seeing all this attention from normalfags recently is a telltale sign.

>>28434529
Yes

BTC has 10x'd already

>>28438307
60k lol, 80% of 50k new floor will be 10k

>>28425752
It literally can't scale as a payment system?

>>28436533
I went all in with all my lines of credit at Bitcoin 3k. I have sold most , bought a truck in 2019. And now am playing with house money with a small stack of Bitcoin. Would I do it again ? I don’t know. You need to counter trade this market in order to win, that’s what I have found.

>>28440169
You have much to learn.

Read up on the basic concepts of Bitcoin. Then consider this: a trustless, (relatively) fungible store of value with a finite supply.

All this bullshit for the past few years of "blockchain will be big but it will be private chains" is FUD. The most likely outcome is right in front of you.

That said, ETH is fantastic too.

>>28440817
Do you honestly think we are hitting 50k and then entering a bear market again?

I would love the chance to get more $10k BTC. That is never happening again.

>>28435446
You're stupid ass fuck bud

>>28425469
Why the fuck would you bet against the 4th industrial revolution you narrow sighted fucking idiot. No offence. If you aren't all in at this point, you've literally had your eyes shut since 2017. Link is STILL your best shot. If you disagree, you are truly low IQ. And I'll fucking bet on that.

I wonder how the economics of crypto are affected by early adoption in western countries vs other places. If a ton of poos and Malaysians start buying crypto would that make us winners?

We are in June/July 2017. We are in Enthusiasm and you will see a 5x from the current BTC price. The top will be in around mid-August. Altcoins will have about 2 to 3 weeks to catch up and then we will enter the bear phase.

>>28441619
What? Fwiw, I'm 70% link. Hodl isn't a meme, but it's negligent to not acknowledge the blatant cycles that occur here.
I've made maybe 20 trades since 2018, and I plan to go to the sidelines later this year with the sole purpose of re-entering. I'm betting on crypto long-term, but I'm also betting the macros. Imo we have 1 more huge boom cycle left after the next halvening, and I don't want to enter it with 30-40% of what I'll have at the ath this go round.

>>28442243
Sure LINK will cycle...until it doesn't. I feel you are grossly overlooking the economics of a successful network of independent Oracles all competing for market share, delivering undisputable truths to automated processes, coupled with a financial reward & penalty system. When utility overtakes speculation, there will be little 'dip' in the cycles.

>>28436533
Traditionally you move money to bonds and use them to renter market at attractive prices. Now rates are so low you gotta pay someone to borrow your money. And money is inflating.

>>28425469
I think it depends how fast local businesses are allowed to open up again.

>>28438446
hmm people know about crypto now and remember. my nocoiner friends who aped in december 2017 understand it's probably too late already this time around and are more cautious.

Yes, of course. This time it's very different.

>>28440330
It wouldn't be allowed

>>28429719
Right on the dot at the begin of the mania phase, Normies have officially been priced out and institutions bags are filled. Be prepared for Media awareness as in CNN headlines not just tweets from Elon musk.

>>28439895
What would you say are the amazon, google, microsoft of the crypto bubble?

>>28434188
>this will not end well
For Normies the elites are always fine and some of us that filled our bags will be joining their ranks. I do feel bad for the average Joe though, things will probably be brutal for them the next 2 years.

>>28429683
Aren't we in alt season now?

>>28425469
I think the top will be significantly lower.
Bitcoin now have a market cap of $0.8T which is 30 % of all investment gold, $2.56T (Gold bars and ETF) and 65 % of the total market cap of Silver, $1.2T.

The price can't be pushed around as easily and institutions have to drive the price.
They will most likely not get FOMO and drive the price to insane heights.
It's much more likely that we'll se $25k or maybe even $15k before we see $100k, even though that's what they're shilling for atm.

>>28425752
>Fiat is undeniably funny money
As opposed to crypto, which is backed by gold, right?

https://www.prnewswire.com/news-releases/rover-the-worlds-largest-network-of-five-star-pet-sitters-and-dog-walkers-announces-plans-to-become-a-public-company-via-a-merger-with-true-wind-capitals-spac-nebula-caravel-acquisition-corp-301226679.html

This is all you need to know that we are heading for a crash. A company for dog walkers and pet sitters is going public with a valuation of more that $1.35 billion. Remember Pets.com well this is it's bastard child and I wouldn't be surprised if TSLA will be the first to fall, taking the whole market with it. This includes the crypto market as crypto is still coupled to the stock market, both markets tanked in March last year due to covid.

>>28444105
Fuck no.

>>28425469
Your Indicators fail you
We're not in enthusiasm yet, especially not for alts
If you believe this you'll be selling at the summer slump, thinking it's the top like anons thought $3k was last time
Take it from a real oldfag, the top is coming in Nov-Jan sometime, nobody knows when

You're also measuring the bear market wrong
The bear market should be measured as the time to the bottom, or, the time in which we're making new lows
It would be idiotic to say that bitcoin was in a bear market after 2018 because every year after that its average price went up and it never went lower than Dec 2018

The 4 year cycle goes like this:
~1 year from breaking previous ATH to new bubble top,
~1 year to the new cycle bottom
~2 more years spent crawling back to the former ATH, then explode and repeat.

Bubble are caused by market psychology, they're what happens when a lot of people buy at once
Banks and corps holding bitcoin is not gonna cause people to get all rational suddenly when they're fomoing in at the end of the year and frothing at the mouth and then they see their money drop by half in less than one month.

I don't think Bitcoin is out of bubble territory yet, that will happen with the price stabilizes a bit more (around 10 million dollars that is, haha)

>>28437843
>this time it's different

No it's the same in the sense that every time BTC hits a new ATH and then retraces, niggers like you come out of the woodwork to declare that THIS TIME it's the top and it's all downhill from here.

The mere fact you're here trying to call the top is why it's not the top. The top is in when everyone is safe and secure that Elon will catch their bags if they drop them and then Elon doesn't and no one does and it just falls all the way down the cliff while you're screaming.

>>28444403
So where go? Back into the USD that will be collapsing alongside it? There will be no crash, anon, they will print out USD till a loaf of bread costs $50.

>>28429719
I've been here since march last year you little faggot and that's where you placed your meme line. try delusion, because that's what you are

>>28444259
Nice bait
But what's gold backed by?

>>28444403
The tanking last March was caused by a liquidity crisis, not a correlation with the stock market
Bitcoin recovered faster than any asset

>>28444734
And a bit more on this point,
You might think that because I'm telling you all this, and there's a chance you all will read it and believe it, that it will stop what's coming (at least in the microcosm of /biz/) and get everyone here to sell at the right time and hold at the right time
But that's not how it works
These market forces are greater than you
By the end of this year this board will become so overwhelmed with newfags, as much of you already are, that it will be nearly incomprehensible and any sound advice will get shoved to the bottom in favor of shill threads and moonshot projections
I guarantee you will see earnest projections of $580k and $1million Bitcoin by the end of this year
So thusly I can preach into the void all I want like this, at it won't really matter except to those who by chance see my and others like me's words and choose to believe them

>>28444889
This

>>28444403
>A company for dog walkers
Where does that sound familiar ...

You guys can't see the wood for the trees. You're comparing the speculative cycles of pet rocks to the most world changing technology since the 1950's. There is no comparison, utility will prevail.

>>28444711
How is it not alt season when shitcoins who have been doing the crabwalk for years are now up 300%? Genuinely curious

>>28445448
What do you think the top will look like for BTC/ETH/LINK?

>>28445739
Every world changing technology has been accompanied by cycles of speculative mania when they were first introduced, this is no different

>>28444889
The mere fact you are deluded makes it the top

>>28445815
Because Alt season follows BTC's big dumpening because whales who made money on BTC/ETH remove their cash and then re-invest into promising Alts, causing massive pumps as they chase the secret to turn 5 million into 50 million.

>>28440457
kek

>>28425752
>If you look to the left you will see an anon in delusion stage.

>>28445979
The mere fact you're a cocksucking faggot retard who was here a month ago and a month before that declaring that BTC had hit the top and everyone was deluding themselves and it'd collapse back to -the point where you wanted to buy- is why it's not the top. It'll be the top when your gay cocksucking ass shuts up.

>>28445448
I think I agree with you. I got burnt on the oil spike of $143 over a decade ago, and it's like someone wrote upthread, the top is when you run out of bears because they all bought back in. The "New Paradigm" is real. For oil it was "how will the world adapt to $120 oli". Well we found out it would only pay $30, thanks, but briefly the Peak Oil narrative met a supply crunch and made a beautiful dream. wrt to BTC, it'll be muh "21 million" and "The dollar will be worth nothing" being massively oversold. So I guess my intuition would be its when the normies start talking not about price but about coin supply. That's what will push the speculation.

>>28444889
Zoom out
There is no top, kek

>>28445895
Wdym?
Price?

Forecasting prices is pulling them completely out of your ass to some extent
Could you have foreseen a random company called microstrategy choosing to buy a bunch of bitcoin behind closed doors? No
This
Thus it's just a question of when and how much are people going to buy this year
That said, everything going on this year is looking favorable beyond our dreams

My personal price top forecasts are:
Bitcoin: ~$260k
Ethereum: $23,000? Idk cause I don't hold it
Chainlink: ~$400

A few things I can say: Defi is the new meme term like ICOs were, thus there's gonna be a bunch of retarded projects proud to market themselves just because they're "defi" in the same way that ICOs were proud to sell you their coin just because they were a cryptocurrency at all
However, there are some actual projects beginning to solve the most basic of fundamental problems and setting up infrastructure right now, so whoever wins among them in this year is very likely to win in the broad and bright future of this lodestone that we've only scratched the surface of

>>28445974
See >>28443130

You are not buying a a mere stock/share of a company, you are buying access to some of the most promising and potentially in demand systems of the next 5 years. You think once these systems are in constant use token holders will be in a rush to part with utility tokens that are valuable collateral for some of the biggest automated processes in modern industry.
And yes I'm still talking about link.

We're at Aug 2017 stage.
We had issue breaking 3k back then. This time it was 42k
The 300k predictions were simply based off 2017
Basically you multiply last ATH by 16.7. You get this number by dividing 2017 top by 2013 top.

Funnily enough 16.7 was also the number of BTC supply back in late 2017.

If you Google "Bitcoin 16.7" you'll end up with tons of articles written in late 2017, at the top.

>>28446453
When you buy x BTC, at most n = 21MM / x persons in the world can be mathematically richer than you (or ahead of you in the ranking of richest holders) in terms of pure BTC. Let that sink in.
Postcript: 1 BTC will be worth a million dollars, and then 10 millions, etc. it's "inevitable", kek

>>28435446
>your average crypto investor

how was mcdonalds coin ?

>>28446947
right now, it reminds me of $2965 BTC back in 2017, kek

>>28446632
>You think once these systems are in constant use...
Therein lies the rub
These systems have a long way to go to be in actual use
Think about it for a sec, the mainstream is only now beginning to adopt the first such system, Bitcoin, and we're still not even at 5% adoption like the internet in 1999

Tokens' future utility will not stop a rush of speculative frenzies to pump it and dump it just as quickly

>>28425469
oldfags truly feel at home in these threads, thanks OP, kek

>>28427075
Actually in 2017 the main thing was introduction of BTC shorts.

>>28446979
I'm not discussing ultimate value. I'm discussing identifying the next market top. The last market top was identified by speculation regarding ultimate price. I'm suggesting a good signal for the next one is when people who shouldn't be holding the asset class because they are misallocating their wealth, are buying it for specific meme reasons.

>>28447349
>>28435942
yes, this plot confirms my sixth sense, currently growth is mirroring BTC reaching 3k back in 2017, thanks, kek

>>28438446
My retarded friend texted me "I head Chinese New Year is going to crash ethereum" This is a dude that spends his entire checks on video games and other stupid shit. Never once talked about crypto or investing in the 10 years I've known him. We are very close to the top.

I want to open a 3X short so fucking bad bros.

>>28448218
>people who shouldn't be holding the asset class because they are misallocating their wealth
good luck pattern-matching that, kek

>>28447458
I don't know fren, when I look around I'm seeing an awful lot of actual use with 10 fold on the horizon, I guess it just depends where you're looking. I for one would rather have my ducks in a row before utility takes lead on speculation.

>>28430866
based and checked

>>28441995
close, but it feels more like an April/May 2017 now, and the top's gonna be around Nov/Dec, then altcoins surge and bear phase for 2,5 years

>>28444889
this

>>28448848
>10 fold on the horizon
Yeah that seems about right for this year in speculation, but not actual valuation yet if we're still talking about chainlink
We're almost at the part of the year where prices will reach above their bear market lows in 2022, probably bitcoin at $60k and chainlink above $45, so it's still a good buy
You gotta think of it from the outlook of someone who buys link at $300 in November and then it's back at say $80 by next March and seems to be dropping further and they're like.. fuck this and think they missed the boat and just dump to get some of their money back

>>28449473
this, but unironically, kek

>>28440817
why aren't you shorting BTC then? seems like easy money, kek

>>28450034
yeah nigga put a 5x margin on it as well

>>28449473
Yep still talking link. You're thinking as a trader, I'm thinking as a node operator, that seems to be our difference? WIth gas costs soon to be negligible and staking mechanics on the horizon, I tend to believe there will be very little link hitting the market from node operator wallets. Each lagard scrambling to claim their share of the network. I honestly believe its gonna be pretty fucking scarce for a long time, until the network reaches an equilibrium.

>>28429719
based

once btc hits 100k this year it will moon up to 400-500k and then crash back down to 100k

screen cap this

>>28429940
How are you tracking this in real time? Not sure how to develop a target from PO

>>28439895
dot

>>28450612
With node operators earning link hand over fist with no economic incentive to sell any whatsoever for a long time. With the advent of defi and other mechanisms, operating costs etc can be covered by loaning against a nodes collateral, once again becoming negligible.

>>28425469
>will this time be different?
after the crash, the bottom will be higher than it was last time, probably around $20k.

>>28446333
Checked and fucking based

>>28437395
underrated post