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10276746 No.10276746 [Reply] [Original]

>bitcoin price is moving a moderate degree without barting
Holy shit, these are real buys. Everyone get the fuck out now, dumb money is back and the jews are going to wipe them the fuck out.

>> No.10276763

>>10276746
>real buys
>dumb money back
>EVERYONE SELL NOW

rofl bearfag you need to try harder than that

>> No.10276764

I just got out. Sold my 10.4 eth.

>> No.10276767

in the meantime CNBC is telling normies to short btc. kek

>> No.10276768

Thanks for the heads up, this is a sucker's rally if I've ever seen one.

>> No.10276799
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10276799

i held 100k tether since december and bought back in with 70k averaging between 7k and 5,8k. do you think it'll ever go lower than 5,8k or did i actually buy at the exact bottom? it felt so bullish, everyone sold/shorted. i can't imagine reaching 5,8k again

>> No.10276828

>>10276746
bottom takes a while to play out, we may not see 2-3k till nov but it will happen no doubt about it

>> No.10276838

>>10276828
Fucking lol

>> No.10276841

>>10276828
>no doubt about it
you're so good at seeing the future anon, i bet you went all into bitcoin in 2009 and are unbelievably rich
seriously though enjoy liquidation bearfag bitch

>> No.10276852

>>10276828
>25k will happen no doubt
I've seen this greed play out before

>> No.10276853

>>10276828
What a fucking onions boy

>> No.10276882

>>10276828
>2-3k
>Open up those xx leveraged shorts then big boy

>> No.10276904

>>10276799
it's not going below $5.8k again i promise.

you can screenshot this.

>> No.10276909

>>10276882
cant cause stupid bulls keep barting and fomo'ing then getting rekt cause 'this time its different'

>> No.10276918

>>10276828
impossible, you're blind to the 200yr proven economics.


>gold price has never gone below production cost for a significant portion of time (maybe 1% of last 100 years)

so why would btc? please explain ur economics

>> No.10276968

>>10276828
I'm going to disagree with you simply because your statement does nothing to confirm my bias /s

Shit cant even stay above a 20 day ema for more than a few days.

>> No.10276985

>>10276918
how much does it actually cost to generate some numbers in the computer?

>> No.10277008

>>10276985

like a metric fuck tonne of electricity because the numbers are so "difficult" right now.

difficulty adjusts how hard it is to mine based of competition.

and it's only gone up for past 9 years.

which means production costs has only gone up.

which is why price has been climbing for past 9 years (trendwise)

anything short term is just manipulation, look at the longer picture and you'll retire in 2020

>> No.10277013

>>10276985
The cost of the hardware + running costs like electricity or?

>> No.10277019

Bears will come tomorrow

>> No.10277022
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10277022

>>10276746
>buyers are back
>time to sell

>> No.10277023

>>10277008
The question is if bitcoin will be the main player for much longer, there are better alternatives already and i dont think that the big companies would use btc, rather they would create their own crypto, wouldnt they? Do you think that btc is here to stay? 10, 20, 30, 100 years?

>> No.10277034
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10277034

>>10276764
>I just got out. Sold my 10.4 eth.
lol enjoy buying lunch a few times kiddo

>> No.10277044

>>10276968
>/s
go back to r*ddit you fucking faggot
:)

>> No.10277052

>>10277034
Yeah I'm poor. Oh well.
I also sold too early again. Fuck.
But it was a profitable trade. Made $103.20.

>> No.10277059

>>10277052
godspeed, i hope you make it

>> No.10277064

>>10277023
i agree that's a LONG term question, but don't think bitcoin is going anywhere in next 5-10 years.

i do think unless they develop it further it will be replaced by something more rounded like eth.

>> No.10277067

Lads is my 6 btc enough to retire on in five years?

>> No.10277076

>>10276828
>t. bearfag getting closer to liquidated for every 1$ btc increases

you do know there's more to bear trading than 100x shorts at obvious bottoms right, lmao?

>> No.10277078

>>10276746

bears are literally teasing bulls lool. waiting for fomo before they pull the plug.

>> No.10277095
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10277095

>mfw when there are still people that think this chart has no effect on price

Yes sirs going back to 1k soon. Very easy to mine my bits. I turn on Dell and make money so simple.

>> No.10277100

>>10277067
doubt it

i think _realistically_ ath of $100k in 5 years.

>> No.10277117

>>10277100
Still solves a lot of problems though. Buy a couple of apartments, rent them out, work part time, could be nice.

>> No.10277205

>>10277117
agreed you're in a good place for next bull run

i'm still grinding to get to my altcoin goal

>> No.10277208

>>10276828
I don't know why you're catching flack from retards. I don't think we're going as low as 2k but I'd say 3k to 4k is reasonable.
Remember that most of these people are gonna lose money anon, and they just got into crypto last year or worse, this year. Let's follow our gut and don't try to prove your point to anyone.
Just take screenshots and post them later if you want a good laugh.

>> No.10277209
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10277209

>>10277078
bears have been completely mia for 2 days
but this has alot to do with their dumps becoming completely ineffectual

but there also no been any bullish buying either, this very organic, both sides seem to be watching what happens when they go away

this strongest buy pressure in 4 months and highest demark support since january

>> No.10277238

>>10277209
how do you make these determinations? teach me your ways

also how much FUN do you still have my nigga

>> No.10277278

>>10277209

I see all these high wicks, it just tells me people are stop hunting and playing atm.
I'm of the opinion that things are turning around, but i still see 5700 on the cards because of manipulation. there were articles teaching people to short BTC from forbes and popular news channels. obvious they are teaching them the wrong thing, but what is the best way to guide them into shorting? especially noobs.. make it crash again below 6k and let them all panic sell then have it boucne super fucking hard. this will be the momentum when they fomo back in on ETF and help bulls bring price past hard resistance levels. basically they are setting up a big spring.

essentially smart bulls are playing their cards right atm, which is why no barts. all noob activity right now. bears may even be helping.. in decision.. let noobs fomo in right now.

>> No.10277284

>>10276918
>imagine knowing so little about what you are investing in you don't even realize the production cost of BTC varies with total hashrate on the network

protip: was the production cost of 1 BTC $6000 USD when BTC was trading @ 1$? Who would've mined it then?

(if you're still too brainlet to understand: as price declines, hashrate must necessarily go down since no one will mine unprofitably for sustained periods of time; this leads to production costs going down since the same amount of BTC is minted with less total hashrate i.e. it becomes easier to mine BTC)

BTC could absolutely go to $10 again and the cost of production would just dump to those levels... cost of production has literally 0 correlation with setting a floor on BTC prices since it is fucking variable..................

>> No.10277316
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10277316

crypto is dead

>> No.10277335

Use link to get free airdrop.
wysker.com/s/23

>> No.10277364

>>10277284

wrong you're assuming hash rate follows price, which is doesn't.

price follows hash rate.

>9 years of price trend confirms this.

>did hash rate dump since january? NO

>did hash rate dump in 2014 after mtgox? NO

imagine being as deluded as you to have it the wrong way round

>> No.10277390

>>10277364

>9 years
>basing that trend on the price in a daily range.

>> No.10277405

>>10277364
Why is it so though? Why wouldn't more people stop mining when the price crashes 70%. Because of all the invested hardware? Weird thing is that hash rate is still growing despite the price downturn.

>> No.10277416

>>10277405
yeah it's almost as if the price was manipluated :thinking:

but we're back on the price trend path, inline with rising production costs.

>> No.10277426
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10277426

>>10277316
the iphone is dead

>> No.10277428

>>10277405

because faggots fail to realise that Bitmain and large miners sold off BTC at a 10x price of mining them at peak of bubble and can mine in profits for a long time even if they are forced to sell under margins for a few weeks?

they act like miners only just started mining now while BTC is high and didnt sell their holdings for insane profits last year.

>> No.10277431

>>10277405
the same happens with gold, price goes higher than production cost all the time, but claws back sometimes. but for past 100 years it's never gone below production costs for more than 1% of time

>> No.10277446

>>10276909
show a low leveraged heavy short then

>> No.10277448

The volume is gone. People got dumped on hard right when btc was getting the most attention and everyone saw it.

>> No.10277453
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10277453

>>10277238
here kinda tried explaining
am poor only have like 20k FUN x.x
>>10277278
imo not even complete morons will short @ 6400, you are right about bears helping probably. They gotta give some meat to bait shorters.

stop hunting? eh... wicks are pretty small, most people who buy @ 6300 have their stops at 5900 or something around their

>> No.10277462

>>10277453
nice chart thanks

>> No.10277468

>>10277453

morons wont short at 6400. they will fomo.
morons will short when we break 6k. thats the entire point.

Look at the wicks at 6.8k attempt and the last 6.3k attempt.

>> No.10277488

>>10277426
it is though, same trash every year

>> No.10277506

>>10277446
Are you stupid?
Didn't you read?
HE CAN'T BECAUSE BARTS ARE DANGEROUS.
You have to wait until it flatlines.

>> No.10277586

>>10277506
you are the retard.
>hurr I would short but muh barts
so you admit it may as well go to 12k first?
lmao the absolute state of bearfags

>> No.10277599

>>10276799

$5800 is likely as much of a falsely propped up bottom as we can get because of mining costs and, probably more importantly, the futures market. In order for BTC futures to exist, it needs to maintain MC of at least $100 billion. If it drops below $5800, it drops below that as well and the BTC futures market evaporated soon after. There’s just too much money at stake to allow it to fall and stay below $5800. That’s why it’s touched the $5800-6k mark like 5 times now since Jan. and established that as the bottom. The problem is that there’s been no new money coming coming in, so we get whales barting it up to $6800 and buying back at $6k to turn profits.

>> No.10277603

>>10277431
production cost of gold doesn't automatically adjust according to the number and quality of mining operations you fucking dipshit

>> No.10277607

bears are overplaying their hand. It's starting. Get BTC, BHC, ETH and Litecoin

>> No.10277638

>>10277603
never said it did, but gold has never stayed below production cost.

and in 9 years btc has never stayed below production cost.

guarantee that stays same for next 10+ years.

(production cost COULD decrease for bitcoin if eth takes top spot, but not in next 2 years)

>> No.10277648

>>10277638
>never said it did, but gold has never stayed below production cost.
which is not relevant since production cost of BTC is explicitly variable to solve this exact problem

>> No.10277721

>>10277648
yeah it CAN go down... but it never has, which is why btc is still going up in price (trendwise)

maybe 2 months in a row of hash rate decline is when i'll sell my btc, but that won't happen until new #1 coin

>> No.10277748

>>10277721
Thank you for conceding that point. I agree with you.

>> No.10277790

>>10277586
...
Yeah sure dude, let's see how you do when we go to 4k. Screencapped.

>> No.10277872

>>10277790
if you were so sure we will go to 4k before 12k first you would load up a heavy ass 2x short but you don't know shit like all the berfags

>> No.10278015

>>10277067

dunno, can you retire on $600?

however, if you flip that into BCH you'll have 6,000,000 in 2.5 years.

>> No.10278085

>>10276799
its going to the mean. In my opinion is 4k, but that's like my opinion man

>> No.10278103

>>10277208
also this

>> No.10278138
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10278138

>>10276764
>he sold

>> No.10278148

>>10276746
These are bull minnows trying to build up the market. A bear whale is going to eat them up any time soon. You fags are so easy to play.

>> No.10278152

>>10277872
>Hurr durr short in a bart market hurrrrrrrrrrr, u gotte du it because if not ur not sure.
Whatever, capped.
Such is your life as a brainlet.

>> No.10278181

>>10278152
so what the fuck are you even talking about you retard?
>we may go up or down unless we go sideways
?
No shit sherlock, everything is possible, why even bother making that statement?

>> No.10278290

I only have $600 worth of BTC, should I just sell or leave it for a year or two?

>> No.10278316

LOL, bear flag is already happening. OP get wrecked you FOMOhead

>> No.10278373

>>10278316
That's a bullflag. Get in or get left behind.

>> No.10278497

>>10276768
This but unironically.

>> No.10278510

>>10277095
this. BTC has historically traded at 2.5x mining cost, period.

>> No.10278861

>>10277599
>In order for BTC futures to exist, it needs to maintain MC of at least $100 billion.

What's the source for this?