/biz/ - Business & Finance

$18.5k blowoff top incoming. Back to $14 we go.

Election day pump to $14521

I know you’re scared and think its a “trap”. But this is literally cratering to $3000 when the US stock markets open. This is Black Swan 2.0. Maybe your last chance to buy the bottom before we bull.

We are either barting up hard or dumping irrevocably in the next few hours.

Hi I bought 3 million bitcoins back in 2011. Do you think I should sell or keep hodling?

There seems to be some confusion regarding whether or not the halving will cause BTC to appreciate. I believe the biggest argument against a price appreciation of BTC is the “priced in” meme, which postulates that because the halving is already known, it must already be reflected in the BTC price. This reasoning is based on the “Efficient Market Hypothesis” which describes the market as a sentient entity that “prices in” all known information into the value of the underlying asset or security. Well, what BTC has demonstrated over the last decade is that the EMH does not apply to it. This is because BTC is still treated as a highly speculative asset, and as such, the market tends to exaggerate and “price in” RISK as opposed to opportunity. What does this mean? Simply put, all of BTC’s potential risks (miner capitulation, software bugs, government intervention) remain constantly priced in UNTIL the risks are deemed improbable and the OPPORTUNITY can finally be priced in. So this means that the halving effect (opportunity) on price is delayed until the market gets over its RISK fear, i.e., BTC halves and then DOES NOT experience the aforementioned risks. Once this happens the price trends up again as the market adjust to the OPPORTUNITY (decreased supply). So in other words, buy fucking BTC you faggots.

My $20,000 BTC shits on your shitty $6800 BTC.

It wasn’t supposed to be like this.