/biz/ - Business & Finance

>>10770199
>BTC has tested this floor 4 times already
>the ceiling is lowering more and more
>He thinks it's the bottom
>>10774198
the crash wasn't supposed to stop at $6K for a full correction but many people thought it was over and that we were back to exponential growth but that's just another bubble and so naturally it popped and after each bubble popped the ceiling went lower and lower as more people realized the truth that BTC isn't some magic infinite money machine until enough people realize this that they realize that $5750 isn't the bottom that we finally punch through the floor for a full correction.
>>10774227
the market determines the price, the market = group psychology, the pattern influences and is representative of group psychology, group psychology influences group psychology or rather its influence carries momentum that follows a trend, the market determines the pattern which carries the momentum to in part determine the market creating a cyclical flow of booms and busts, bulls and bears. John Maynard Keynes would call these "the animal spirits" but as we know in the 21st century it's quite simply the patterns of human emotion in response to general stimuli and I'm an expert in human behavior.
>>10774224
It will probably go even lower, I'm not going to tell you how low I think it'll go because you have no reason to believe me but I will tell you this friendly advice
If you buy at $5K and it goes lower, don't sell at a loss. BTC will be back over $6K (and this time for sure) within 1 year easily. When the crash is over we're back in the bull market as it normally goes.

>>9985228
Wall Street

>invest $5k in a meme coin
>it drops 90%
>how can I sell if my crypto is worthless?
>it goes up 200%
>now I'm only down 70%
>TFW I can still make it
anyone else got that dead hand HODL?

>>6109397
oh shit dang I was hoping ripple was dead but it's only down 10%
>>6109337
still down 10% :^) the crippling will happen regardless. Keep buying shitcoins while I ride the golden rocket to lamboland