/biz/ - Business & Finance

Actually it's quite possible. There are still people (and organizations) using Bitcoin to illicitly transfer and launder money. Every time they buy or sell a bunch of bitcoin on the exchanges the prices fluctuate wildly due to the bear market. When they fluctuate downward this creates the opportunity for more money to flow into the market at a lower price. So let's just say there's a downtick to 5600 while some drug cartel liquidates 5 million worth of BTC, the people they are selling it to at 5600 can then sell it for any price above that and make a profit, enabling the price to go down.

It's going to be a long and brutal ride but if you didn't sell months ago you're a fucking moron because these bounces keep getting lower.

Be honest /biz/
When you saw the ridiculous exponential gains approaching the ATH did you honestly think it was sustainable? If it kept up at that rate it would have hit infinity by February. Did you honestly think it was going to hit infinity by February? Were you completely unmoved by all the people warning you that the trend was inorganic and unsustainable?

>>10642126
Just some loose hands being shaken out right?

>>10476415

>>10398645
I honestly don't mind, I'd rather bet on a sure thing rather than play shitcoin hot potato and get burned when things don't work out.

I'll be quietly accumulating at these prices and below while faggots like you keep fudding this project until it inevitably takes off without you having bought in.

>>10322409
>"gamble" on bitcoin's value; buy bitcoin and hold, which inevitably assists the miners in selling their supply for a greater amount, and finances their operations
>"gamble" pays off for you
>buy back local properties from chinese cartels
>finance factories
lol

>>10252170
Because the retards who bought 19,000 dollar bitcoins misuse it to gloss over the fact that bitcoin is completely fucking fucked now otherwise they would kill themselves.
Personally I wish they would just shut the fuck up and kill themselves already though.

>>10240211
You guys were buying it just fine at 19k

>>10107223
It sounds to me like you're a reactionary retard that just does what other people are doing. Like you're the kind of retard that lines up at the McDonalds drive-thru because it's busy and not because you actually want to eat McDonalds. Thank you for the laughs. People like you will be the first to die when civilization collapses so it's no big deal.

>>10055811
>shitcoiners are now book burning science deniers
Just suicide already

>>10015616
>lashing out at random shitposter
WEW
Cope harder, loser.

>>10014162
There's still enough delusional retards out there that we might see it retrace back over 6k a couple more times before continuing it's descent.
Bottom line is you're a fucking retard for not selling at 19k
Everybody should come in and laugh at you for it.

>>9926920
Lol whereas you can with gold, right.

Fucking goldfags

>>9922770
You'd need to be high as a kite to short that
>booming population
>zero construction activity
>negative rates
>tax threshold raised for new buyers
Prices are going up up and away. Ignore Londanistan, its owned by foreign cartels so unless you marry into the Sultans family you aint buying anything in London

>>9869817
>MSM bullshit
people have been pointing out the same pattern on /biz/ for months now. They are merely catching up to reality. Clearly you're still asleep at the starting line.

>>9869107
That's a desperate retarded faggot who bought in at 19K and is desperately clinging on to any reason not to shoot himself in the head pattern.

>>8865252

>>8841801
Gotta internally justify that extra infinity trillion of defense spending somehow my man.

Think Trump will take the blame for a dollar wipe out?

Nope.

>>8723771
Pretty good.
>top of the pay scale due to tons of seniority
>get to boss faggot 20 year old wanna-be NEETs around
>looked upon with mountains of respect by peers so even on days when the boss is being a dick I know everyone else has my back
>still maintain semi regular sex life
>drive a nice car
>do whatever I want outside of work because I can afford to.
>never worry about my money getting eaten up by some exit scam
>higher quality tendies whenever I want
What's life as a NEET cryptofag who lies about their gains like?

>>8717673
We've had this same conversation every Monday night for the last 3 weeks. And every time you've been burned.

>>8688049
lmao

>BULL MARKET IN JANUARY
>I MEAN'T NEXT WEEK
>I MEAN'T NEXT WEEK
>I MEAN'T NEXT WEEK
>BULL MARKET IN FEBRUARY
>I MEAN'T NEXT WEEK
>I MEAN'T NEXT WEEK
>I MEAN'T NEXT WEEK
>BULL MARKET IN MARCH
>I MEAN'T NEXT WEEK
>I MEAN'T NEXT WEEK
>I MEAN'T NEXT WEEK
>BULL MARKET SOON

>>8644759
I mean this just proves that none of you faggots actually care about the technology or the principal behind crypto. It's all just some faggy get rich quick scheme for you. Except you all lost money because you didn't research anything before jumping in.