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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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50392120 No.50392120 [Reply] [Original]

Everyone flipped bullish within a week. Is it really the bottom?

>> No.50392138

Ive always been bullish on bitcoin, the problem is me trying to sell and buy back in to have more bitcoin for free, that fucks me up sometimes.

>> No.50392139

>>50392120
its the crab before the bottom, prepare for another flash crash in 6-8 months, then the bottom is truly in.

>> No.50392156

>>50392120
biz is nigger cattle. back in november 2021, 90% of this board was LARPing about never working again and gloating about their portfolio. the "this is the top" alarmists were comparatively few -- the crypto roasties having their bitcoin dinner or whatever was the biggest top indicator possible. basically, you always want to do the opposite of what biz says. if biz is saying a bull market is back on the menu, we're nowhere close to the bottom.

>> No.50392171

>>50392120
Yes it is, we're in a fucking clown market. We should be in a recession but the fed refuses to sell anything on their balance sheet. They don't want to raise rates because they only look at the market candlesticks. The market prices shit in within a few minutes so the fed thinks shits all fine and dandy now. We aren't even going to get 100 bps rate hike watch it be 50 or 25. 90% of the population is absolute retards. Like more retarded than /biz/ schizos. The fed uses them to their advantage, since they will believe anything they say.

>> No.50392190

>>50392156
There are "screaming crypto" social groups for people who lost money on crypto.
Hundreds of articles stating how crypto was a house of cards that collapsed. That those who were in crypto now have to pack up, party is over, go back to work.
Constant calls of recession (which already started)
Exchanges being liquidated everywhere.
What more do you need for bottom signal? Because there were a few mumu bots on /biz/ who posted euphorically it's not a bottom signal?

>> No.50392260

>>50392190
Yes this 8s tge bottom.. unless of course the fed decides to keep raising rates. Then we have more to drop.

>> No.50392482
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50392482

>>50392120
now is the time

>> No.50392507
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50392507

>>50392120
Yea what the fuck. How did they go from "its over" to "its just going to keep going up".
What the fuck. What the fuccck I hate them so much why can't they have a mind of their own?

>> No.50392533

>>50392190
Recession hasn't formally begun and layoffs haven't occurred in serious numbers. Nasdaq should fall under pre covid peak at a minimum.