/biz/ - Business & Finance

Is...is that possible

>>11334167
I came.

>>11334176
>>11334178
wait a second, that shit is going to take until 2021 before the gains are even that great. Too slow, redraw/

deluded
We just had a crash not even 10 months ago, last bear market lasted for 3 years.

>>11334183
>2 years is too long to 15x your money
Fuck off zoomer

>>11334191
Last bearmarket ended when the double bottom was in around $160, not when the previous ATH was breached

Reported to SEC

>>11334191
That is because Mt Gox controlled 80% of all trading and it crashed you low IQ NPC.

>>11334191
lmao no. 1 year of going down, 1 year of sideways trading, 1 year of recovery (not bear) and then 1 year of ultra moon from 1k to 20k.

furthermore, that crash was precipitated by the mt gox fiasco, which shook crypto to the core and made everyone think it was unironically over. this has just been a gains break because we went parabolic in the last few weeks of the last ultramoon.

we came down for 6 months, have been going sideways for 4, and will be entering recovery within the next 1-2 months, followed by a 6-12 month full recovery to 20k and an ultra moon to 100k after that.

>>11334191
Last bear market was at most 2 years, look again

>>11334589
last bear was outlier

>>11334167
>>11334176
Not until we go to $4200 then we go full bull

>>11334268
https://www.newsbtc.com/2018/06/24/mt-gox-situation-develops-trustee-announces-bitcoin-repayment-process/
Just wait for February

>>11334597
I agree, I'm just correcting him. This bear market should be mostly over by EOY

>>11334400
>we came down for 6 months, have been going sideways for 4, and will be entering recovery within the next 1-2 months, followed by a 6-12 month full recovery to 20k and an ultra moon to 100k after that.

Unironically the most likely scenario, though I would think it might take a bit longer overall.

>>11334636
can't even take that long next halving is coming and it ramps up way before that historically.

I JUST SOLD EVERYTHING

>>11334268

mtgox was like 25% of volume. stop spreading misinformation.

>>11334883
It's not too late to buy back in without buying at a hefty tag price.

>>11334167
Money go Money go my pocket
got to blow
Money go Money go hey-hey-hey-go
Money go Money go I got to get it all
Money go Money go Hey-hey-hey-go
Money go Money go And take me
to the top
Money go Money go hey-hey-hey-go
Money go Money go I just can't
get enough

>>11334167
lul so wrong.

>>11334968
https://www.forbes.com/sites/chuckjones/2018/03/12/blaming-mt-gox-for-bitcoins-recent-price-drop-just-doesnt-compute/
>70%

Low IQ can't use google huh

Btc worth 5 mill by 2024

>>11334167
I don't really follow TA but if we were to go by your triangle we would see another bounce down to 5200 before going up.

sold everything

buying back in later

this is a suckers rally

kek!

FFFUUUUUUCCKKK!!!!!

WHERE DID YOU GET THIS CHART?

>>11336087
I saw this chart on Twitter

I researched HOT for about half a year now and I'm going to tell you why HOT is the hottest coin in the market today. in 2018 cryptocurrency took a major hit. Bitcoin and shitcoins lost almost all their value and it never recovered. Through that painful storm of loss one project fought through it all to begin its rise to greatness. HOT doesn't need to use any marketing for its rise, Hot is all development and hard work from the HOT team. HOT is a revolutionary concept in making you rich if you buy HOT. HOT will 10x in 2018, and 100x in 2019. The bigger HOT gets the more big partnerships it will make. Google partnership? Amazon partnership, Apple partnership, Facebook partnership? Believe me, there are powerful interests backing HOT and HOT is basically too big to fail. Brainlets don't get it. Idiots don't get it. Stinky Linkies don't get it. /biz/ will become /hot/ by the end of 2019 screencap this.

>>11334167
>8 trillion of liquidity materializing out of nowhere
That's the same amount as all currencies in circulation. Unless people don't spend, it will cause insane inflation. But if you don't spend it, then it's just virtual wealth.

>>11334268
mfw when i was just about to post something similar to say last bearmarket was mtgox.

still tho typing this makes me think, who knows if another entity will cause a future bear market and we will only see in the future
>(hense hindsight)


nopics for you new fags
>is it me or is 99999999% of this board newfaggots

>>11334883
>selling the bottom

As the cycle expands, it also grows slower.

i dont think anyones looking forward to when bitcoin gets to 20k

literally hundred thousand bag holders out there in the world. will it double top or moon?

>>11334883
thanks. see you at the top

>>11337540
Show me one(1) time that has happened in another market

>>11337782

>>11337818
That's a logarithmic scale retard

>>11337782
literally every market?

The recovery is most likely to be much quicker than in previous bears cause then people didnt even know if btc would ever recover. Different era now. Lots of money looking to buy. Cant compare. If plebbits had let btc drop to 4k over the Summer then we would of already bounced back. They delayed the recovery with their bullshit.

>>11337881
Open an economics textbook. Market cycles have been consistently 4-5 years on average for the past century with only a few notable exceptions

>>11337948
Crypto isn't a typical market though, it's a global market that has 0 downtime which allows it's market cycles to be faster than most traditional markets.

>>11337948
Everything has been accelerated in the crypto market retard, including multiple bubble pops in almost a 10 year period. Truly low IQs we are dealing with.

>>11334183
Thats why you invest in oversold alts, not btc.

To those saying that the last bear market was extended and worsened due to mt gox...
What the fuck makes you think nothing would happen this time? We have the hundreds of millions worth of tether pumps coming randomly and the tether audit will happen eventually. Holy fuck you guys are so retarded I could have made so much money this year selling the fake hype.

>>11337986
>>11337991
I'm replying to the idiots claiming that "market cycles slow down as time goes on". I'm not trying to say crypto is in a 5 year cycle. I'm saying we aren't going to see a deceleration of the market cycle.

>>11338067
Tether is quickly getting replaced by other better stable coins. It doesn't matter if it floated or not (it was not), all the positive institutional infrastructure for the market is coming into place in the short term. If you are still a bear, you literally have to be an idiot at this point.

>>11338133
I have a long position in as a hedge since I had a couple grand ready to invest under 5K, if we truly bottomed I have a decent position near the bottom, if we still dump then I get to invest. But I'm really hoping we still dump even though I would lose a lot of margin from my position honestly.

>>11338218
fuck off. buy now stop driving the market down with "muh lower buyin point"

>>11338067
tether wont do shit to the market price you moron. bitcoin is valuable as of now because of miners. thats not going to change and as the supply gets scarcer its only going to get more valuable. only a true retard thinks tether is the only thing propping bitcoin and the rest of the market up

>>11338242
Most of the top exchanges pair BTC with USDT...
If people realise that BTC was being traded this whole time using a fraudulent fake currency that was never actually backed by USD what do you think everyone is gonna want to do with their bitcoin?? This would also blow up in mainstream media again btw,

>>11338275
>how did people ever trade bitcoin before without usdt
>there are btc/eth pairings
>there are btc/ltc pairings
>there are btc/bch pairings
>there are pairings with btc and every other fucking shitcoin
youre a fucking moron. tether did nothing for this market. you cant even fucking buy usdt, you have to send btc/eth/ltc/bch to an exchange then exchange it with tether. tether is just a worthless useless fucking trading commodity

>>11338301
The pair with the highest volume and liquidity are the USDT pair you fucking brainlet. Even the alts that pair against USDT have way more volume than against BTC. Tether controls this fucking market retard and no one thinks twice about how badly their going to impact it once they get caught with shit. People started using USDT over fiat because it's easier to trade on some shitty chink exchanged like binance where they aren't KYC like fiat exchanges and there are no regulations. In the end I guarantee this would end badly.

>>11338337
lmao binance does KYC. literally every legitimate non shady exchange does KYC. tell me how exactly youre supposed to buy USDT without going through another exchange? for most of us thats buying from middlemen like coinbase, gemini, bitstamp, maybe even changelly or coinmama (but lol fees) and all except changelly and coinmama use kyc. usdt is an artificial scam and nobody gives a shit about usdt. people have faith in bitcoin and the miners control bitcoin, not usdt. usdt collapsing wouldnt do anything to bitcoin. bitcoin is too strong for that

>>11338337
most people using USDT are idiot npcs btw

>>11338363
>>nobody gives a shit about usdt.
>>usdt collapsing wouldnt do anything to bitcoin.
Did you even read what Im trying to fucking tell you? Im saying BTC and USDT are the highest volume and the majority of people in this market use tether. The market doesn't give a fuck if YOU don't use tether because they do, and they're gonna be the ones that react to the FUD. This is the majority of people in the market not you. You're no one faggot.
You're only in denial and don't believe anything I'm saying because you don't wan't to face it, you only think nothing is going to happen because you don't want anything to happen. Fucking faggot emotional investor lmao

>>11338404
you just called usdt collapse fud so you just contradicted yourself. kys. bitcoin survived without usdt and it will survive again without usdt. kys again

>>11338404
tether collapse for sure will cause the dip, but it will recover since there are many alternatives, and those are not only gemini / steemit dollars but also different stuff like DAI

it will not recover overnight but you can be 100% certain there will be crazy demand for something standard for pairings, competition will explode and solution will be found very fast

think of potential of being next lord of money for lads who want to overtake tether. they could go for assassination if bets will get high enough

>>11336402
>market cap is the amount of money actually put in to buy bitcoin
kys, nigger

>>11336212
What’s it fucking do?

>>11336402
dumb fucking brainlet

>>11334176
No, just bulls being deluded.

No.

Who here is unironically hoping one of the big exchanges to go under / scam?
I can't be the only one

>>11338080
they did tho used to be 3 years or less now 10 years and more

>>11337986
>>11337991
>retards who don't know how to read

>>11338067
>what is the gemini dollar

>>11334599
>it has to test $10 first

>>11338035
Most people here prefer to invest in overbought coins because they’re obviously going to moon

>>11338917
This cycle has been a one off since we just came out of the largest recession since the great depression(which was also a 10 year cycle)

>>11336402
I always enjoy reading posts by people who still think of finances as a zero-sum game and new wealth cannot be created - like there must have been neolithic oligarchs walking around with 40 billion in seashells. They remind me of when I was 14, too.

>>11336212
HOT HO T HOT HOTTTT HOOTTH OO HOHTOHTOHOTH HHOTO HOT
so comfy