/biz/ - Business & Finance

...and let me tell you how bears work, bulls. Notice how it seems the entirety of the US stock exchange (the world's securities trading at large) and now Bitcoin (cryptocurrency trading at large) have become dependent on CPI/PPI/rate hikes?

Now the entirety of traders in both markets are all refreshing the page to see what they should do. Powell will likely raise rates by 0.5%, markets will rejoice! The dip is over. Only up from here!

Well let me clue you in to a little trick us bears do with mentalities like that: take advantage of it. The moment Powell eases the increase, markets will pump. Will be a great selling opportunity. You see, rate hike deceleration is incredibly bearish. The goal of the Fed is to not break something and simultaneously fix it which is a very thin line. Lessening rate hikes means it's very possible the Fed may have pushed too far. This is the equivalent of the referee butting in and separating the fighters as a KO might have already been achieved.

Proceed with caution bulls, because it's very likely this time next week you're going to be asking yourself aloud, "But, why the fuck is it going down now? I thought.. what the fuck? Fucking bears. Just let it go up!"

Tomorrow is the big one. It'll be the dot plot that triggers it. When the Fed comes out with their new plot showing a 5.5%+ FFR it'll trigger panic selling like we saw in 2020. All at once the market will realize that the Fed doesn't care about the made up CPI number. They just want you to suffer and be poor.

PPI tends to lean where the CPI goes. PPI came in higher than projections, so, you might want to sell, buddy.
>It only went to $50K, it's just a dip Bobo. Stay poor!
>$40K has unbreakable support. Bobotards are idiots.
>You didn't read that article where $30K is mathematically impossible to go below? Load up longs now.
>It won't go below previous all time high. It never has.

And yet, here we are. Smitten with glee gaining a few steps above $17,000.
It can go lower. It will go lower. There are no circuit breakers for these markets, only for the machines that produce them.
Heed me.

>Nasdaq Barts up on a fraction of a percent decrease CPI
>Crypto barely budges, holds $16-17K
>Nasdaq Barts down because the free debt economy is starting to falter, waves of layoffs in Fortune 500 companies will trickle down to the regular, working man's job
And you really think $10K isn't happening?
Don't give me some rainbow chart shit
Don't tell me about some stock to flow
Bitcoin's only existed in the post 2008 free debt economy, this is uncharted territory

$10K is not a dream. $10K is not a nightmare. $10K is just simply what the fuck it is. Sell now, buy back lower. At current you can have 60% more Bitcoin and probably 80% more of whatever alt you love. Doesn't that sound nice?

There are really people on this board that screenshot my bearish comments at $30K thinking they'd repost it around now laughing at how bears are dumb.
Consider for a second how much bigger of an entity Alameda is over Terra.
Consider for a fucking second, a minute if you have more than three brain cells, that some of us unironically work in the space and use 4chan.
Really internalize that I'm telling you people ultimately knew about this, and know it's got further to go.

I'm not telling you to sell now because I'm being an edgy faggot, but I'm telling you to sell because in a rich /biz/ everyone wins. I want you to win. Sell now, buy back after this blows over.

Sell now.

The contagion begins Monday. Nasdaq Barted up last week. The moment NDX Barts back down, crypto's going back down compounded with more revelations of contagion.

Sell.

Now.

Been bearish since $50K
Dealt with the ups and downs of emotions thinking I missed the bottom over and over yet here we are. The real question is, was THIS the bottom or do we go lower as things unravel?
>unravel
The question is, HAVE THINGS UNRAVELED or are they STILL UNRAVELING?
Serious replies only, I'm at dinner waiting on my steak.

>>52189173

Believe it or not, whales do browse this board and try and help you poor retards so we can all make it. Cope.

This is why Coinbase doesn't have a token.

And don't forget it

>>52231048
ah thanks
bearish news once again. shorts still in place.

>2018
>Mid term elections Nov 6
>Dumped from $6,000 to $3,000 before the end of the November

>2022
>Mid term elections
>Will dump from $20,000 to $10,000 before the end of November