/biz/ - Business & Finance

>>11803257
Yes, but this plane is flying inverted - so the floor is above us... And all engines just failed.

>>11803257
There is no floor laddio
We're falling straight into the deepest pits of hell

>>11803257
4000 is actually

>>11803265
NONONNONOOOOOOOO

>>11803257
$4500 is the floor :D

>>11803257

5000 is the capitulation barrier.
We finally made it boys

>>11803257
There is no real floor for crypto because it has no inherent value or use case. It's value is entirely dependent on speculation from investors.

In other words, it's only worth as much as everyone has collectively decided it is worth.

People are just cashing out for Black Friday and the holidays. This is normal.

>>11803297
so 5000 is the floor

>>11803306
Nope, most people have decided that it's not worth that much, that's why it's dropping.

>>11803306
No. The floor can be below that, doubtful though.

>>11803274
mhmhm 6 milkies

>>11803297
Just like everything else. Nothing has inherent economic worth. Money has utility in and if itself simply for facilitating exchange and wealth storage. Hence why you'd rather live in a society that just invented money versus one that hasn't. You can value something purely on it's function as money it doesn't need some vestigial "use value".

>>11803303
I remember hearing the same excuse in January/February, that people were cashing out to pay their taxes (despite the fact that 99% of people get their taxes deducted from their paychecks).

most of the trades dumping right now are from whales, not Becky who wants to buy a new TV on Black Friday

>>11803332
it just old joke

>>11803331
False, fiat money has no inherent value but is backed by a nation, this provides it with value equivalent to the nation's economic influence.
Crypto isn't backed by anything.

>>11803351
You're just moving the goal posts. The economic strength of a Nation is also collectively imagined. In economics there is no innate value to anything. Humans create value because humans have goals and assign objects valuation based on how useful they are to achieving those goals.

>>11803332
I heard they can’t understand sarcasm in India, is this true?

>>11803306
I'm voting for that, buying at 5k

>>11803351
Other that miners trying to get a return on their investment for hardware and electricity costs. And the security of a network as well as the strength of the technology itself.

>>11803376
>the economic strength of a nation is imagined
No it's not you jackass, a nation's economic influence is based on it's physical resources and services.

>>11803390
thank you my fellow bizbro, together we can stop the bear

>>11803405
Value is subjective.

>>11803405
Those resources and services, you fucking brainlet, have no inherent economic value. You are smuggling in two different definitions of value. Being able to transact and store wealth via money is just as useful a "service" as factory workers (actually more so because money is necessary for ecominic calculation which allows the factory to exist as a potentially productive facility. Having money is more useful than anything else practically. And some money is better money than others. Fiat currency is speculative too. You're just used to a period of American stability.

>>11803257
Floor? Where we're going we don't need floors.

we have hit the floor

>>11803306
No one knows the floor, I think anons are right though if we don’t see some sort of use besides buying drugs or adoption it might not go anywhere. That being said usually the “floor” is the peak of the previous bull run (not 20k whatever the ath was before which I believe was 3k). Then again past movements don’t always predict futures.

>>11803257
There is no floor.

>>11803597
nah just watch the market. 5000 is the real floor for now

AAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>>11803629
Fren I keep hearing about the bottom and buying the dip and it keeps fucking sinking, then again after a bull run like the last we need an extended bear run to make sure normies forget about crypto and to gear up for the next bull run.

>>11803405


>being this dumb

How the hell are people still long on bitcorn that is the most hopeless trade

>>11803647
AAAAAAA IT'S THAT ANNOYING ORANGE AGAIN. I HATE HIM SO MUCH REEEEEEEEEEEEEEEEEEEEEE

There is no reason for BTC to be above $2K - and to be frank, even at $1K it will still be doing pretty well.

the floor is the mining costs

I was right admit it

Time traveler here. Floor at 4872.
After that... let's just say that this bull hasn't stopped yet by 2165 AD.

>>11803297
wow you're a genius

The floor is the 2k range. If you're buying here you're a brainlet

btfo retards, bullrun is coming

5k incoming, brace for impact boys

>>11803257
LOWER

>>11803405

1700 called you back grandpa

>what is debt

>>11803297
Correct

>>11804883
NONONONOOONNONOONO

>>11803894
>>11803933
Stop bargaining and take it like a man

>>11803257
Guys. Is this despair? Please. Tell me this is it. That this will all be over soon.

>>11803265
A crash with no survivors?

>>11804954
it is only the beginning

>>11803257
It's probably about half of that...

>>11803303
Kek

>>11804954
capitulation. for real this time.

Here we gooooooo :DDDD

5027 fuck

>>11805031
PSYCHOLOGICAL BARRIER ABOUT TO BE BROKEN AGAIN
ITS OGRE

NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

>below 5k
It's fucking over.

>>11803257
It's over 4k imminent

4965
KURWAAAAAAAAAAAAAAAAAAAAAAA

tfw liquidation at 4960 or something. hold me bros. why was i long in this market? what the heck was I thinking? I deserve this.

Aaaaaaaaand we are back

>>11803257
5000$ broken on bitstamp

>>11805003
I read this in Mario's voice.

AAAAAAAAAA

>>11805078

So long buddy

Wanna know what happens when you coinfags hit 5000? even more stoplosses will be triggered which results in even bigger drops

>>11805108
At least it's over.

>>11805074
Ja pierdolę :D

fuck depth chart is looking kinda bad

>Tfw I sold months ago at a nice profit

That's it you goys. Keep providing the liquidity for our shorts. BTC is going to zero with no survivors.

IT'S PUMPING

>it didn't even go below 5000 on binance
wtf this isn't entertaining at all

IT WASNT SUPPOSED FOR END LIKE THIS

>>11805251
Hold me /biz/

It's back on 5100 in just 15 minutes.

YOU DID BUY AT 4980, RIGHT?

THIS IS IT, IF WE SURVIVE THROUGH THIS WE ARE ALL GONNA MAKE IT, i swear

>>11805251
Far from the end. Do you know how long the principles of Bitcoin has been establishing itself? Literally centuries.

>15k is floor
>10k is floor
>8k is floor
>6k is floor
>5k is floor
And so on

>>11805385
>the floor is lava

oh no no no no

1700 is the bottom. One order of magnitude lower than the peak just like other bubbles.

>trump wil be impeached
>eu army to forcibly open borders of hungary and poland
>bitcorn plummets even further
>hiro destroys 4chan

2019 will be the year of our collective defeat.

>>11803257
lol

>>11805756
I get the other ones but literally who cares about Hungary and Poland?

>>11803297
so your telling me its exactly like a WAAAGH!?

>>11803405

>>11805202
thats not what this is, and thats not whats going to happen

I made a drug order recently. I hope the vendor doesn't jew out and deny my order when he gets back.

>>11805756
>impeach
you dont know what that word means do you
impeach doesnt do or mean anything and btw hes the first president ever to almost have all generals recruited...theres reason for this Martial Law is coming soon lads

>>11803257
5300 was the floor. People and machines go into a state of disquiet over prime numbers (53). The next one is 47 which has a 7 in it so people will disregard it. After that comes 43, but that one resonates too much with 53 , so (41)00 is the next psychological rally point. Once btc is within 200 to 300 of it, the gears will stop and a feint will be executed to stop out shorts who will have grown irrationally exuberant at the 3000 target.

Enjoy this good news and comfortably short to 4500.

>>11806203
we won't go any lower

>>11803257
Clearly theres a lot of pain left to be had!

>>11803405

But those physical resources have no “inherent value”, even oil has no “inherent value” as demand is driven by people’s subjective desire to consume. We could all collectively decide to stop eating drinking and breathing and the value of everything would fall to 0, the fact that this is highly improbable has no bearing on your statement which is that INHERENT (ie absolute, unaffected by demand) value exists. Which it doesn’t.

>>11806951
Won't we now?
Let's see about that.

Get fucked cryptofags. You want high rewards, you get high risk. Pic related, it's you guys right now.

>>11803265 >>11804969
Crashing this plane... WITH NO SURVIVORS!

https://youtu.be/J9neFAM4uZM

>sub 5000 again
NOOOOOOOOOOOOOOOOOOOOOOOOooooooooooooooooooo

>>11803257
3000 is the floor. I'm buying all the way down. Fuck it. Either I lose a year of savings, or be a millionaire in 5. nbd

>>11803257
No. About half way maybe

HOLY CRAP IT WON#T STOP

>>11806035
Very likely to happen unless your dealer is a bozo.

>>11803297
>a store of value has no value
just kys so we don't have to read your posts anymore
please kill yourself
please

pre-ETF dump

>4,935.91

AHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

>NONONO 10000 is the floor, isn't it?
>NONONO 9000 is the floor, isn't it?
>NONONO 8000 is the floor, isn't it?
>NONONO 6000 is the floor, isn't it?
>NONONO 5000 is the floor, isn't it?

In a day or two from now,

>NONONO 4000 is the floor, isn't it?
>NONONO 3000 is the floor, isn't it?
>NONONO 2000 is the floor, isn't it?

No matter how much it drops, you dumb people just can't figure out that it's not a bear market, it's the end of crypto. You bought the hype hook, line and sinker because you are sheep, and most of you are too egotistical to let go of your narcissistic fantasies of Lambos and being cozy sitting around watching yourself make money.

It's over.

>>11803306
top fucking kek
I say 5000 as well

5000 is the ceiling, friend.

>>11807689
AHHHHHHHHHHH NOOOOOOOOOOOOOOOOO

DONT SHOW IT IN EUROS IT ONLY MAKES IT WROST WHY CAN I SEE RED I HAD LIKE FUCKINGF 330K IN JAN NOW IM DOWN TO 7K AND HAVE TO PAY TAXES FUUUUCK

>4885

AHAHAHHAHAHAAHAHAHAHAHA

https://www.youtube.com/watch?v=BkX2NAKFM5Q

threads theme

>>11803257
No, ~$4k is the floor

>>11807792
How can one man be so prophetic

>>11805805
Anyone on the EU who wants a stable and strong nation.
except goymanie

>>11803297
=Fiat.

4900 NONONONNONONO

>>11807861
Germany as well.
But not the (((German government))).

Genuinely surprised Merkel didn't get murdered. Only one plot from the military, foiled, and that's it?

Maybe with the next chancellor.

>>11803351
A nation is the people who live there.

Below 4900 now

Rest in peace brothers.

>>11807960
> Only one plot from the military, foiled
I didn't even checked if it may be a false flag, at that stage I didn't care anymore.

But yes, a wonder that that cunt can still walk around freely.

>>11803288
This has been my ongoing prediction for about a year now. I'll see you folks there ;)

>>11806035
electrum wont even make any confirmations for me and im tryin 2 send to dream

>4865
Can we go any lower?

>>11803257

5000? Lol. The floor is fucking $0 bro.

>>11808365
don't call me bro, nigger