/biz/ - Business & Finance

See you at 50.

>>10974171

this looks more like november dump than july

>>10974171
You mean 100k?

>>10974171
Ids habedin

>>10974186
This makes sense

Its like you people forgot about the futures taming this whole fucking market.

Next step is September 13th at $9300

Wait for mainstream media to shove this up the normies asses + massive short squeeze. It will be quick.

>>10974729
For fucks sake, these fucking jews have really been bleeding every panic seller out yesterday. This news is so fucking well coordinated with GS yesterday dropping crypto. Seems like we are about to go to the moon in the upcoming weeks.

>>10974186
So we have further to dump?

>>10975526

more than likely, I am thinking we'll dump to 4-5k before we'll head up. But that will be an insane buy zone, plus if people short all the way down we'll meet an insane squeeze back on the way up to to 10k, it'll happen fast and be ridiculous.

>50k
LN won't be ready until a few years from now. 6-10k until the end of 2019-2020.

>>10975595

supply drying up through demand has nothing to do with tech. LN probably won't do anything for the price, the halvening in 2020 is a lot more important. There's no scenario in which we won't see 10k before the end of the year with current events unfolding.

>>10974729
Why are these people even trying to do an ETF? Every one is going to get rejected. This entire market is manipulation.

>>10975631

and when we see 10k, we'll inevitable see 50k.

>>10975662

Because with an ETF it will be possible to use a lot more money to manipulate the market. There are only so much traders left right now to milk profits off. Current market sits at 200b of which I estimate only 30-40% is actually liquid (as in, not just satoshi value). You have an ETF and you can inject trillions by flipping over 401k's and other funds. That is where the real manipulation CAN start. Now we are still at the NEETbuck stage.

>>10974171
When is Clitcoin going to the moon?

>>10974186
My dad is unironically an astro physicist and said this checks out

>>10975722

My guess is as good as yours anon. IDK. Counting on us rallying within the next two weeks, if shorts get squeezed we will jump up above 8k at least. I see no alternative where shorts won't get squeezed. Bears haven't lost yet, but slowly the tide is shifting. Especially with emerging market crisis looming and more people being exposed to Crypto than ever before.

https://www.tradingview.com/chart/?symbol=BITFINEX%3ABTCUSD

Imagine 50k while listening to this song:
https://www.youtube.com/watch?v=Lo2qQmj0_h4

Pure fucking Heaven

>>10975774


shit, wrong chart

> https://www.tradingview.com/symbols/BTCUSDSHORTS/

>>10975703
Lol at all those putting their money in an ETF instead of buying crypto directly. It's not the point of crypto

Sooooo, when do I open a long?

>>10975796
Nobody cares about any principles. It is about to get rich quick on the back of the tax payer

>>10975796

It's not the point of Crypto but that is what Crypto will be used for anyways. Should also be an indicator of how early we are in this stage if ETF's are necessary for broader adoption in one of the most liquid countries on earth. Long term they aren't important, but short term (2018-2020) they will help immensely with growth .

>>10975840
>Long term they aren't important, but short term (2018-2020) they will help immensely with growth
Hopefully they'll approve one until eoy 2019 or better even tomorrow

>>10974719
This. BTC is over

ah yes I see now thanks /biz/ longed 100k & shorted 100k

>>10975911

Good luck taming a market with a finite supply. At some point you will meet economics 101 and there's nothing left to tame.

>>10975930

correct, both scenarios are still in play. We may go down much lower before going up. Long and short position hedge is well played goyim.

>>10975556
The buy pressure has been insane sub 6k. We're not hitting anything lower than 5k.

>>10975595
Bitcoin future depends mostly on how alts like ETH/ZIL/ADA doing in the real world, LN is basically garbage.

>>10975983

The buy pressure being insane below 6k might be the reason for us slipping below 5k. A large part of anything opened below 6k will be high leverage margins at risk to get squeezed (and they will get squeezed). Prediction a ATH long ratio if we go sub 6k. Slipping below 6k again also will put greedy bears into maximum overdrive, so a long squeeze and us jumping below 5k is definitely plausible. But it won't last long, its gonna be a fight

>>10976038
this. It shows how liquid things are down there. Market makers and exchanges love liquidity.

>>10976186

Yes. And then I even forgot about current underwater low leverage margins longs holding a "safe" liquidation liq price in between 5-6k. They will get popped first, may even be the first domino stones to fall for us to go below 5k.

Wish I wasn't one of those positions, kek.

>>10974186
Nuclear engineer here, this makes total sense.

>>10974186
rocket surgeon here, checks out

>bull confirmed

>>10975595

LN is already usable fren, key is finding payment providers that link businesses to accept LN btc payments. it has grown from 3 btc to 1000 btc transaction volume in the last 6 months. next 6 months another 333% increase and were at 333.300 btc transaction volume, though thats unlikely but it can go fast depending on market adoption. tech is working moderately good actually.

as for the halvening, halvening pump will already start end of 2019, and before that we will have BAKKT and ETF's (betting on CBOE's either this year or in february).

yeah, I think I'll just hold.

>>10975959

they have tamed silver and gold, but thats because nobody claims their actual physical silver and gold because its too cumbersome and fees are too high for the asset to be actually delivered.

Btc is in your grasp in 10 minutes with a neglible fee depending on the amount (to be decreased in the future). less likely to have fractional paper bitcoin trading, though it will still happen.

I doubt they can tame bitcoin however in what most people think. instead they halted bitcoin from scaling and will control the second layer payment network (FULL ID/KYC COMPLIANT + FEE PARASITING)

5k EOY 2018
30-50 EOY 2019
200-500k EOY 2021-2022

>>10975496
>to the moon

>>10974186
that was on a ramp-up nigga.
not saying can't happen, but it probably won't.

What is past performance not indicative of?

>>10974186
mongol basketweaver here, looks right

>>10976606
the existance of god? extraterrestrial life? whether omeopathics work?

>>10975526
Nah, 6400 is vibranium support. Even if it breaks it will be for a very short while. Last time it broke was before it became the new support and all breaks since then where for a few days tops.

That said, I wouldn't go long because (((they))) may stop hunt bulls

is 100m enough to drive the price up to 12k?

Faggots ITT who think BTC is ever going to moon again despite it being tamed by Futures LOL

>>10976789
Good luck taming a market with a finite supply. At some point you will meet economics 101 and there's nothing left to tame.

topkek.exe

>>10976789
there was a hardcore mexing before the wall street future plebs...

gtfo

This is fucking retarted. If Bitcoin is being suppressed by ETF, whales, or futures, why can we not just buy and trade something else? Is everything really THAT pegged to the corn? Is there no other God than the almighty?

>>10977063
because most of the exchange offers only mostly fiat to btc, other top 10 coins was just introduced recently.

>>10976521
>they have tamed silver and gold, but thats because nobody claims their actual physical silver and gold because its too cumbersome and fees are too high for the asset to be actually delivered.
dude the gold price is literally "fixed" at a london exchange that is owned by the rothschilds. seriously look that shit up. thats like coinbase deciding the global price for btc

Heading to 4k by end of the month

>>10975780
Money Talks is better. Best band of all time imo. These zoomers prob have never even heard of them though. Sad

>>10977208
until china gets back to business, huge institutions can jack the price of btc but they can't tame the crypto.

>>10977268
Not before the short squeze (when will poor bobos learn?)

>>10974186
FBI here, you are under arrest.

>>10974186
Just like those tulips...

>>10977652
Yep just like hose tulips. Which may I add had a real use case of looking pretty plus they deteriorated quick so we're worth more. Thank God crypto has no real use case and disintegrates in time and no real measure of value. So happy I didn't buy into the tulip mania . Com bubble

Just short with a market stop loss instead of calling the bottom u fags idk why i come here..

>>10974171
See you at $2,500 EOY

>>10977748
>So happy I didn't buy into the tulip mania
how old are you?

>>10977777
chekd

Nice. Checked

>>10974186
Blockchain chief executive here, checks out

>>10974171
see u at 4k

coinbase + ledger it's happening

>>10974186
D E L U D E D
E
L
U
D
E
D

>>10977777
being the holy quint7 savior of this slavecuck "investment board"

the hero we didnt deserve.

>>10974186
Son of a bitch dirty little faggot here, it does add up.

>>10978323
why are you even in this board nocoiner?

>>10975780
ultimate boomer song

>>10978776
i hodl over 200k LINK, faggot

>>10978776
but to really answer you question, we're going to 4k and doing a return to mean. bull run wont be until summer 2019 or early 2020

t. literal oldfag

>>10974186

Confucius here, looks legit.

>>10974719
>no volume sideshow is taming the market

getting a bit desperate with your narratives huh beary bear?

>>10978945
So when do you think chainlink will moon? I'm guessung EOY through Q2

>>10974171
The more shit like this is posted, the faster and harder it will drop
Get on it bears

>>10978913
>>10978945
Not bad.
Is there any point in swing trading link after main net?
Appreciate any kind of answer.

look at this destruction

>>10977777
quints of truth

>>10979064
crypto fall kek.
it is fall after all.

>>10976550
Just buy at 31 december 2019 then

>>10979045
yea, LINK is going to be the main thing you're going to want to set your bots to trade with. the valuation spike from LINK will attract normies to the market just to marvel at how much its worth and how well it performed, how all these major companies are using it, etc. since the most likely case is that LINK will not be tied to BTC, we will see better movements and higher possible swings. if you are a complete brainlet with bot trading i suggest cryptohopper's bot. its a good community but if you want to go pro, use GUNBOT. i use both and never let the bot trade anything you wouldnt want to bag hold anyways. good luck, crypto is about to explode like never before. mainstream adoption is actually about to happen and its all thanks to the miracle of chainlink, unlocking the full potential of all the blockchains.

>>10974186
Aeronautical engineering checking in, all systems go

h-ha, see you there frens

>>10974186
chief executive meme laggard here, it checks out

Those fags in here who are saying BTC won’t rise this year and 2019 are fucking stupid.

The catalyst will be Bakkt BTC Futures “PHYSICAL BITCOIN” in Nov

>>10979838
Yep

>>10974186
AH YES, the attempted BCH flippening. Anybody who isn't a Decemberfag remembers it well.

That dump happened for a very specific event-driven reason that had absolutely nothing to do with technicals, and has absolutely nothing to do with now.

Why do brainlets waste their time trying to cobble together stupid bullshit? "THIS LOOKS LIKE THIS, OMG WE MOON NOW."

>>10979838
Based

https://www.google.com/amp/amp.timeinc.net/fortune/longform/nyse-owner-bitcoin-exchange-startup

>>10975662
prior ETFs were trying to use futures because custody was a bitch but now custody is solved and an ETF with underlying BTC will be approved

>>10979838
>>>/r/eddit