/biz/ - Business & Finance

Yes it's quite fucked. But it could turn around any moment and for that reason, I won't sell.

>>10557561

>>10557556
I'm holding, it will go back up eventually or coinbase listing will happen

>>10557556
Bitcoin was never meant to go over $1; that defaults the whole purpose of cryptocurrency

I'm like an old man who won't evacuate in the face of a hurricane. I was raised in crypto and I'll die in crypto.

>>10557603
Here's a new one for the bagholder bingo!

>>10557603
retard comments like this keep my hope alive that dumb money is about to fomo in hard

>>10557577
>it will go back up eventually
this cope is how i know you are a nov-jan faggot. crypto was on every news station every day for 2 months straight. even now, its on cnbc multiple times a day. they even have a fucking special "crypto segment". fucking bloomberg has a separate twitter account dedicated to just crypto.

there are no more buyers. you are the last fool.

the only way that this will ever "pump" again is if it actually does end up becoming a world reserve currency... which lets face it, is extremely fucking unlikely. but there is still a chance, and thats the only reason the whales 2012 prior are still hodling. but they already cashed out $10's of millions so it makes no difference to them anyway.

inb4 "EOY bullrun bro" "2018 is the year of the alts bro" "look at all these partnerships bro" "muh ETF bro"

>>10557637
you didnt actually sell the bottom did you OP

Nobody wants to buy bitcoin.

>>10557630
see this mentality. this is the exact reason it wont pump. i have been here since 2014 and never heard people say this kind of shit until q3 2017. nobody that bought in recently gives a fuck about bitcoin. its all about getting rich quick and offloading to the next fool.

>>10557603
Fucking kill yourself

maybe im in the minority, but i got into crypto in feb 2017. bought a bunch of eth at around 20 bucks and btc as well when it was beneath $1,000. so, im not really worried. still way way up on my initial

>>10557667
Do you not know how the market works, OP?

>>10557648
a few green candles and they will be screaming 'future of money' 'we told you so' and '50k EOY'. These people have no mind of their own they just go with the flow

>>10557603
Based

>its below 7000
>its below 6900
>its below 6800

so fucking what? You idiots realize its been below $6k three times now? You realize just about one year ago it was in the $2000s right? I remember that clearly. It just pumped to almost $5k and was crashing back down. Everyone on biz was saying if it went under $3k again it was fucking over. A shit ton of morons literally sold in the $2000s before the pull run to $20k because some banker shills fuded the shit out of bitcoin.

Bitcoins might drop to $4k, $3k, $2k. If they do great, fucking load up. It will be 1 million in a few years.

>>10557690
this is my point. Investors buy the bottom. Dumb money buys the ATH

>>10557727
>selling the bottom
im still up 120x retard. the only thing i missed out on is being up 300x. my point is, we may literally never see us go up that high again. i would much rather cash out now while i am still miles on top than wait until i am underwater

>>10557716
This

>Retards are actually buying $USD shitcoin just because it increase in price relative to the BTC standard lately

Do you trust $USD? Justify it over BTC

>>10557716
problem is we had 7 months of almost pure bear market, so its fucking disheartening to see that it cant even go sideways without fucking shitting itself and dip 10% in less than 24 hours

there's so much sell pressure its almost absurd, even the most bullish news only makes it spike on the 1 hour chart and thats it

>>10557676
I bought in when it hit an all time high of 2200.

I find it strange there’s people who bought in at 8000 and post wojaks every time is goes down $10, meanwhile I’m hoping for sub $1000 so I can really stock up. I’m in this for the long haul

>>10557760
>he waited all this way to cash out
top fucking kek

>>10557791

Thats the thing if you went back in time and told people when bitcoin pumping like crazy from 12 to 20k than they could just buy at 6k if they wait a littler they would be relieved. People were fomoing in hard thinking they missed the train then when it backs up for them they are scared to get on. That is why most people won't make it.

>>10557667
I think the problem is that we're really getting kind of close to the point where it actually kind of can't go higher. At around $200K it becomes "narrow money" it becomes pretty hard to keep calling it a memecoin because it would start affecting hard other currencies. Of course, inflation may push that number higher and governments are interested on keeping it volatile to fuck the store of value narrative, but it's not as simple as it will go up forever and I think people are starting to take that seriously just about now. I want it to go up and I think it's going to be one of the best places where to leave my money for the next 5-10 years but if I'm wrong I'll take it out before it goes to nothing, as long as we're in, technically we're all treading water.

Why are you all looking at the price instead of the value? Has crypto's value prop got better or worse since January? To me, its gotten better. Its developing further and fiat is looking risky. Did you see Facebook plunge 20% in a couple hours? Did you see how quickly people wanted to forget that happened?

>>10557763
It's real money, unlike the shit that's dumping like turds right now.

>>10557869
That's not true though. Plenty of companies do stock splits, we can do a Bitcoin split down to millisatoshis or something because it's just semantics and naming anyway

I can't tell you what to do since I'm just another anon on this nepalian basketweaving forum but listen to me, YOU WILL REGRET SELLING NOW. What are you gonna get, 50K, 60K? Yes, that's a nice amount of money but nothing life changing. You think normies will raise the price to the top again? I know "institutional money" is a meme but that kind of money hasn't entered the market yet. Think about all the derivative markets the regulation will set the foundation for. Selling and getting out of the market for good is the most illogical thing one can do right now.

>>10557883
Actually it's literal paper

>>10557716
holy fucking shit this is top tier cope.

its ok guys just went all in short x50

10k eod

>>10557603

You’re an idiot

>>10557931
>derivative markets
my god this is such a fucking stupid meme. do you even know what derivitive market are? they are agreements/bets on trading the underlying asset. right now, there could be a $10 trillion dollar derivitive market around bitcoin and bitcoin's market cap would still be $100 billion. derivitives markets are not reflective of the value of the underlying asset.

look at silver for example. it has a market cap of $20 billion yet the derivatives market for silver is worth over $4 trillion.

>mfw two of my coworkers keep saying "it's going to recover just buy back in now!"

Still above February prices. Actually bullish as fuck.

Mtgox faggots are getting their coins back soon. Market dipping in anticipation of the dumpage

>>10557922
This is another problem, it's not exactly software, it's not exactly money, it's not exactly stocks, it's not exactly gold... It's still a bit the same thing, it doesn't matter if the marketcap is not rising because the price isn't or the other way around. When we fork here we're not printing more corns, but the prefork price is supposed to be the sum after, I think that's closer to a split only that on stocks you do it for liquidity.

>>10557637
T. coping not buying the bottom
Stay poor faggot

>>10558018
lol
Bitcoin's going to smash it's way down past 6000 this time