/biz/ - Business & Finance

https://www.tradingview.com/chart/BTCUSD/qNy2lBH5-Bearish-outcome-of-previous-ideas/

For reference, a lot of people were following this guys previous calls which turned out to be pretty much dead accurate until coronachan killed everything:

https://www.tradingview.com/chart/BTCUSD/JSP3KDmy-New-long-term-prediction-as-I-see-it-now/

https://www.tradingview.com/u/PentarhUdi/

This guy called the market bottom at $3k, the rise to $15k, the retest of $6k after. After BTC broke down through the 200WMA he is thinking a drop to around $2k is in play, along with global markets

Discuss

I bet basically all my hopes and dreams on this, I thought it was my definitive ticket out of pointless wage cuckery and meaningless existence.

Even just a month ago things were looking lined up for another monumental bull run but now everything is crumbling and I have no idea wtf the point of anything is.

I guess at least I had some fun with you bros along the way, but it really sucks frens.

Are there any logical reasons not to cash everything to fiat right now?

HMRC says crypto-crypto trades are taxable. I wanted to just pay a bulk 20% on the total fiat profit I make when I eventually pull out, but gubmint says otherwise.

There is no way I can calculate all my profits/losses for each trade, some on exchanges that don't exist anymore.

Like the crypto bubble topping out at only $800 billion doesn't sound right, does it?

what the fuck brahs?

Like I'm sure if the global economy remained strong we'd see another bubble into the trillions but basically every indicator is suggesting recession is imminent.

Should we be exiting these markets rather than buying? I'm scared biz bros

Let's say we hit a recession and crypto tanks along with everything, with 99% of coins dying and BTC/ETH going back down to triple/single digits.

What's your next move in life?

I've narrowed down the finalists to just two coins:

REQ

or

AMB

Please cast your vote!

There are only a few projects in the space that are out and out exit scams from the get go. However, most of the shit you hold - REQ, ICX, VEchink, WTC, OMG, LINK, AMB, whatever the hell else; once it becomes clear that none of this is ever going to be used by anyone, they will gradually start planning how to take their remaining funds and leave the project.

It won't be a sudden dump and exit, as they won't want to face legal issues. It'll be more of a "well we tried, put loads of real hours into development, but it just didn't take off in the end". And they will gradually start selling the funds they have while putting out vague updates about how there have been roadblocks in the project's development and how "circumstances outside of their control" have meant the original vision may not be fulfilled.

The communities will remain bagholding through all of this, sure that something will eventually turn around, and by the time bagholders realise that the teams have actually given up long ago and are just trying to put a passable PR spin on their failures, it'll be too late. There'll be no volume to even sell your rekt bags.

You're welcome.

There are only a few projects in the space that are out and out exit scams from the get go. However, most of the shit you hold - REQ, ICX, VEchink, WTC, OMG, LINK, AMB, whatever the hell else; once it becomes clear that none of this is ever going to be used by anyone, they will gradually start planning how to take their remaining funds and leave the project.

It won't be a sudden dump and exit, as they won't want to face legal issues. It'll be more of a "well we tried, put loads of real hours into development, but it just didn't take off in the end". And they will gradually start selling the funds they have while putting out vague updates about how there have been roadblocks in the project's development and how "circumstances outside of their control" have meant the original vision may not be fulfilled.

The communities will remain bagholding through all of this, sure that something will eventually turn around, and by the time bagholders realise that the teams have actually given up long ago and are just trying to put a passable PR spin on their failures, it'll be too late. There'll be no volume to even sell your rekt bags.

You're welcome.