/biz/ - Business & Finance

>>24216852
Right now its climbing, for the most part somewhat slowly...its not sustainable (yet again) because too many people got burned in 2018 and have that 'ain't gonna happen again' mentality.
Several things are going to happen, but until then, enjoy the ride upwards...but....
1. Dec 12th is when Xrp snapsot and Flare happen. There WILL be a dump afterwards, probably 50% loss in a week, maybe more. This is a guarantee...but how high it gets until then is your guess. This will take the wind out of the market sails for a bit.
2. Traditionally, the new year brings a run up and then a tax sell off in Jan. All these 'institutional investors' everyone talks about aren't putting bitcoin away in a freezer til 2050. No..they'll sell them at a profit and re-buy later. Pretty basic economic stuff....don't fall for the 100k eoy type shit.
3. My 'opinion' is that once people realize Biden is actually going to be in, they'll sell off the market a bit and it'll draw down the crypto with it. You're already seeing precious metals selling off.
Good luck.

>>21856672

>>20618887
Sergey and Adelyn just rolled over like pussies when they saw this recent FUD...did nothing about it whatsoever.
I'm beginning to have my doubts about them now, and what their true commitment is to long term Link viability.
We may have just seen the all time high and never reaching it again as the Chinese are slowly dumping their Link as the price dwindles.
I'm audi 5-thowsey until they get their shit together. Peace.