/biz/ - Business & Finance

>>54454134

Ohhhhh wagies, time to sleep so you can wake up bright and early to drive 2 hours in traffic to the office.
>Don't forget you're here forever

>>52714455
>>52714414

SPY is such a fucking shitcoin. The absolute state of this market.

>>51131510

for the record i love crypto and i think its the future. i love BTC but we need some reality here. 80-90% drop is the trend across the board of all the BTC bear market bottoms. this happened in 2011, 2015, 2018. an 80% drop from BTC ath of 69k is BTC bottom being the 10-14k range. there are two scenarios:

bad scenario
>expect 1-2 more years of bear market
>institutional reasoning - because of institutional investors, btc now follows the stock market and the stock market hasnt bottomed yet. compare the charts of btc and nasdaq 100
>interest rates - governments are still in the process of raising interest rates. so people are pulling out their money from stocks and crypto to pay off debts on the current interest rate rather than the future higher rates.
>bitcoin hash rate is not down yet for this cycle. BTC hash rate is one of the best indicators that BTC has hits the bottom. keep in mind how much electricity costs have gone up around the world
>many buy orders at 10-14k by institutions. institutions want BTC so they are the best resistance. not smaller speculators like you and i. there is no way BTC will go below 10k. but 10-14k will be the bottom as institutions will buy heavily

good scenario
>expect maybe 6 months of bear market where BTC bottoms at 10-14k because of a black swan event then its up from there
>rally - we might have a rally if the ukraine war ends and the pandemic fear mongering subsides. the ukraine war ending will bring a lot of prices down which will make people have extra money in their pockets to buy stocks or crypto

obviously i use BTC for modelling here because all crypto follows BTC. in the end, boring strategies like DCA is ultimately the best scenario. there is not enough volume to keep these small relief rallies going that we've been seeing. be smart with your money and dont fall for every green or red candle.

i really thought it was time to finally make some money. fuckin hell man i believed so much i went all in. im gonna keep my money invested but its back to delivering food for me

why do jannies delete these threads? this has everything to do with economics

>>49258133
is this just to bait shitty wagie stories to make meme posts on later?