/biz/ - Business & Finance

>>11506950
>Expect a big ass cancer drop.
The only reason they are saying that is because their investors and shareholders are mad ass fuck and want their head.
>Going to short the market as a motherfucker!
Wish me luck guys.

Wrong

>>11506974

2014 is an outlier because we got goxxed in 2013.

>>11507005
the new goxx-like event for crypto will be the impeding global stockmarket flushout

>>11507005
Yet it's following the same pattern
Really makes you stink

>>11507048
Sure because history repeats itself always the same way right? Might as well buy Microsoft stocks bcs in the past Microsoft boomed.

This is degenerate way of thinking. We still dont know how this is going to end. It might go to sub 100$ or 100k$. Currents trends are showing a bullish trend thanks to Bakkt + ETF + BTC halving. So anything can happen.

>>11506974
>>11507048
The charts are different af actually.

>>11506974
How is it wrong ? Looking both graps it looks like we are at the similar situation of september/november 2016. One last bart and sideways.

>>11506974
So we’re basically at the bottom, it’s just going to take a while.

It will be interesting to see how the crypto market handles an economic crisid, especially since the last crisis spawned Bitcoin

>>11507048
no we're not

nothing can match the severity of silk road shutting down and mt gox getting hacked in the same year.

we're going sideways for another month at least while alts continue to boom, and on the off chance that we DO dump below 6k, it will be very brief and a breath of fresh air before we can pump to 7k and beyond

screencap this

>>11507256
do you know how I know most of you in this thread are deluded december moonboys?
Because you think crypto is in uncorrelated vacuum relative to state of outside financial markets. How can you bet on midterm crypto rise with us stock market, and even worse the nifty, dax, taiwan, china, ftse look even worse, on brink of longterm reversal any week from now??

>>11507326
you realize not all asset classes follow the stock market, right? And that people have been calling bubble and impending crash since 2012?

>>11507374
Crashes happen unexpectedly. It feels like everyone is expecting one now and because they are being smart/safe with their money it won't happen yet.

>>11507326
retard, the dow dropped almost 2000 points this past month and BTC has remained stable. You can't make a judgement on the correlation between traditional markets and crypto so soon, and yes, more than likely BTC will play a very important role in the upcoming crash.

You're crazy to be bearish on crypto when we're months away from institutions being able to buy BTC through custodians, not to mention a looming ETF approval. Everything in the crypto space is bullish right now, the market just isn't reacting, yet.

>>11506950
>right on cue
https://bitcoinist.com/sec-bitcoin-etf-chances-high/

>>11506950
>Already did. Yep. The bottom is in son.

>>11506960
>Wish me luck guys.
good luck
don't get rekt fren

>>11507326
Stock market where rich boomers invest, normies put money for every month, following (((their))) advices.

Majority bitcoin holders are still autist millenials. December buyers bought fraction of btc. Most normies couldn't even buy, because cuckbase couldn't approve them.

>>11507235
>So we’re basically at the bottom
>$6k+
>bottom

>>11507256
>nothing can match the severity of silk road shutting down
Except that was literally the start of the 2014 bull run

>>11507583
>there is a correlation but there isn’t a correlation
Pick one. It either doesn’t move with the stock market or it does. You can’t have upside in a recession but no correlation at any other time.
>>11507235
>implying we’re in crisis

>>11510342
>implying we’re in crisis
are you blind

>>11507094
>Might as well buy Microsoft stocks bcs in the past Microsoft boomed.
kek

>>11510210
>6k
>not the bottom

>>11507005
>>11507038
wait for tether to collapse. it will make goxx look like childs play

>>11510581
>thinking 6k is low

found the newfag bagholder. those bags about to get even heavier

>>11510585
>(((tether fud)))

>>11510626

>being this wrong
>being this assblasted

Bitfinexed, is that you?

>>11507005
Just wait until February