/biz/ - Business & Finance

>>50663447
It’s over

>>50663447
bad news for btc and eth
doubtful it is going to have much of an effect on smaller caps

>>50663447
So what you're saying is retail has left the space and that only smart money is left? Time to accumulate.

>>50663526
kind of
more what i am saying is that it is a pvp market still
the bear really is not new money entering the place
it's just the same players playing musical chairs during one of the last remaining narratives

>>50663447
those major drops coincided with the destruction of the cefi circus
and they stopped since the last deleveraging event in june
thats over a month and a half ago, this is old news, come back with this if the outflow continues and is driven by retail

>>50663526
it was scams leaving the place, both whale and retail wallets have been accumulating all the way

>>50663740
cope: the post

what do you think destruction of cefi circus means for retail and how much stables there are to pump your bags?

>>50663986
good news as the institutional shorting stops
and you know they make more stables when applicable right
the money didnt get destroyed it just moved to smarter holders, everybody that lost on cefi deserves it

you know back after mt gox this kind of fud had a lot more impact but then just like now the space moves on, not giving one fuck

>>50663447
>> he still thinks dollar value means anything.

>>50663447
Why is it only USDT that is down? USDC and BUSD seems to have had no drop.

>>50664018
>the money didnt get destroyed it just moved to smarter holders, everybody that lost on cefi deserves it
and who do you think is involved in pumping the risk-on assets?

>>50664018
what's your net worth? just curious

just zoom in

>>50663447
Oh no it's only 2x from a year ago. This is literally the end

>>50664632
retard

>>50664503
why do you even bother asking anything i post is considered inspect element
and there i lived in third world shithole my initial buy in was much lower than what you burgers can afford on your 6 fig usd salaries
better to ask what gains you made

>>50664837
i made 7 figures and then lost 25% after the peak

>>50664845
what i meant with gains was how many x did you do
7 figures could be 1 mil or 9 mil and what was your starting capital

>>50664845
so from your op i also take it then that you haven't bought back in

this is gonna get ugly

>>50663447
it means it's the end of the bear market

>>50665321
this anon said it better than i can

>>50663447
low IQ bobos think we will go straight down immediately.
High IQ bobos know we need a relief rally before going further down.
High IQ bobos have been longing these charts for extra profit

>>50665155
53x before taxes
35x after taxes

>>50665167
bought back in at 1400 (on the way up) but only an amount i was comfortable holding down to 500

>>50666223
smart and risk management pilled, but probably leaving a lot of gains on the table

>>50666216
so almost all eth folio, safe bet, not bad gains
i got 150x mostly on link and that was with selling in november

i think it will go lower or at least retest lows. i'm betting on earnings compression and whiplash effect on the stock market

>>50663447
where we're going we won't need fiat-backed stablecoins

>>50665667
>price slightly above/below production cost
why the fuck is there a false narrative that BTC costs 20k to produce? companies can produce BTC profitability at 10k. stop being a faggot. read some publicly traded mining companies quarterly statements.

>>50667965
pretty sure thats an aggregate of all current miners, not the cheapest possible value as reported in goosed up quarterly statements
https://en.macromicro.me/charts/29435/bitcoin-production-total-cost
feel free to provide a better source but 1 miner does no an ecosystem make

>>50668088
I just don't see the argument for analyzing average production cost when there is so much bad debt/finance and old machines that will inevitably get flushed out
it happens every cycle. in 2018-2019, there was a brief period of time where THE MOST EFFICIENT AND LATEST GEN ASIC was unprofitable at $0.04/kwh.
since mining is always evolving in terms of actors and hardware, it is best to analyze the most efficient machine and look at the bottom-line there. Because the truth is, tons of miners can go out of business on their 2-3 Gen old asics and it wouldn't matter. Bitmain (and friends) will always be on the latest hardware at a bigger scale leading the market. it's not a fair game so stop analyzing a fair average.
>once waste-heat utilization becomes standard practice for industrial miners this will become even more irrelevant of a metric

>>50668585
ok fren keep nitpicking on the one metric that was discussed i am sure that will be productive
just keep waiting on the sidelines sub 10k soon

>>50665667
>Muh fed pivot
>They gotta print and pump my bags!
>Inflation peaked this time for real
>Whales are buying bro
The fact that you think that was an eloquent or useful post is almost as sad as the fact that you doubt you could have phrased it better.

>>50668737
yes keep waiting for sub 10k you will be richly reward
just wait a little longer, ignore all the mumus and bagholders they are just coping

>>50668603
>this time it's different!
just remember my comment at 14k faggot

>>50669064
14k lol, implying waiting for 14k instead of taking it at 18k is worth the risk, at least if you said 5k it could be worth it
but let me assure you even if it goes to 14k i will still be quite happy with my buy in point

>>50663447
that's about 18B exiting. drop in the bucket and expected when we're in the depths of the bear market

>>50663598