/biz/ - Business & Finance

>>12429032

yes, now stfu and wait you newfag

https://www.youtube.com/watch?v=XbZ8zDpX2Mg

>>12429032
The parabolic event wasn’t a one time thing we’ve had about 4 massive Golden bullruns.

>>12429032
I'm still holding from 2016 though. It fucking hurts man. It REALLY hurts. I wait til 2023 and if we haven't broken 10k by then I'm out.

>>12429039

>>12429032
We aren't gonna see a BTC pump again until an physical ETF happens. People don't realize that BitMex is the death of Bitcoin. BTC-settled shorts are the death of BTC. It's essentially a self fulfilling prophecy. People short BTC because they think the price will go down, price goes down, they get paid in BTC, they dump BTC since they think the price is going down, repeat.

>>12429045
we almost had a trillion dollar marketcap, thanks to the ICO erc-20 boom.
The ICO mania attracted massive capital from ordinary retail normies.
Lets be clear here how many erc-20 tokens on mainnet/testnet actually have a working product and by default not overvalued?

>>12429039
>>12429045
We're entering the longest bear market in the history of Bitcoin if it doesn't touch the absolute bottom sometime this year you fucks.

>>12429083
None of them.

>>12429076
amen

>>12429076
Bitmex needs to be kill

>>12429053
here's your (You). The market cap is not equal to the amount of real fiat money in the market, try again.

>>12429091
it will you fucking pleb, is this your first bear market?

>>12429076
we wont get a ETF with this kind of manipulation; the decision is like 6 weeks away

its over

>>12429076
I'd agree with you if Bitmex had not been around since 2014.

>>12429032
yeah, this is fine, it used to be worse. We'll see a pump in 2020 when the next halving comes

>>12429053
There's never been 2 trillion in crypto wtf is he talking about

Does this retard even know how to do math

>>12429155
That's what I thought at first as well, but Bitmex was not popular back then. It wasn't popular until right before the end of the bullmarket. Total coincidence I'm sure.

>>12429180
(((Vitalik))) is a fucking kike. No one should ever trust him for anything. He also should be gassed.

>>12429032
you're wrong tho
crypto is going to be a 100T market in 20 years

>>12429187
>people started looking for ways to short BTC just as they saw it being clearly overvalued
lol man you are right, this must be some conspiracy. You are definitely not putting the cart before the horse!

My target for Bitcoin bottom is around $1200 (previous resistance) but all in all considered could be alot lower.

>>12429076
Looks like someone here got REKT by bitmex LOL
Why is mex bad?
Seriously, why is it bad in any way shape or form? They allow everyone to trade BTC with their own BTC.

>>12429032
>OG's from 2013-2014-2015?

>>12429032
2011 reporting in. BTC is dead. wait for the bottom and load up on BSV

>>12429201
How much will a loaf of bread cost? $100?

>>12429039
>it'll keep going up forever!!1

>>12429215
>Seriously, why is it bad in any way shape or form?
I explained why BTC-settled shorts are bad for bitcoin's hopes of recovery. Try reading the post you've responded to.

No one knows the next run because the fundamentals are misunderstood. Do a google geographic trend search for bitcoin, countries like turkey show up disproportionately high because the implications of a word currency are just starting to unfold. Sanctions are being circumvented. Wait until a country announces BTC as a reserve

None of you fucks remember /g/ dogecoin threads. The wolonging, the market manipulation, the exit scam.

How the past dies.

>>12429187
obviously the correlation of the search trends of bitcoin exchanges was high during the bubble, bitmex's volume as a percentage of total volume since 2014 would be far more useful

oldfag from 2012 here, we will never see another golden bull run ever again. the difference is now we have derivative trading on bitmex and the powers that be can use it to prevent any bull run from happening. they dont want the average person getting rich easily. crypto is training wheels to teach the public how to use state run stable coins in the future that will make no man rich, only slaves to the system

>>12429255
I agree that it does destroy Btc for the moment....but it’s model can’t survive forever. It is literally a bottom feeder mentality of a business model. If BTC does become more adopted and slightly more stable people will no use it to gamble they’re funds. I’ve never touched it because casinos are not my bag....at the moment the majority of BTC adopters are gamblers and young people and they’re both easily manipulated by that Bitmex model.

>>12429032
Probably going down till at least mid of the year and then pray that we stabilize and for stop the fall.
I will buy if prices are like 20-30% up from that low.

>>12429255
You're a dumb fucking idiot and I've explained this to you before.
BTC denominated deriviates mean nothing and just adds depth to the market.
It doesn't create some kind of self fullfilling bitcoin dump.

Literally just think for a minute.

Who are you trading against when you trade on futures/swap you dumb idiot?

1. What is market making?
When you buy/sell into a market maker's bids on bitmex they hedge their position on spot. They just want the price difference between their buy and sell, they don't want to blow up holding on a long or short bag.

2. What is arbitrage?

You can sell futures and buy spot to arb the % difference between the spot and the futures. This creates price pressure on the spot.

For example:
If futures are trading 4% above spot. Then you can short futures and buy spot and earn an easy 4% at settlement.
Thus, if futures prices are above spot, then it encourages people to buy spot to arb.

>>12429270
That's right we don't remember

The whole point of this thread is for old fucks like you to come out of the woodwork - So come on spill the beans

2017 taught everyone that bitcoin is fundamentally broken with sky high fee's and super slow transaction times. Bitcoin will never succeed, not even with the LN.

>>12429289
Let the past die. Kill it if you have to.

>>12429285
Made 2 million € from a max. portfolio market cap of 11MM€.

>>12429287
What do you think bears do with BTC when they get paid in it? They dump it.

>>12429287

Bitmex has a for profit market maker. They trade against their customers with zero fees.
They don't have to hedge shit, newfag.
https://www.reddit.com/r/BitcoinMarkets/comments/8l8l76/bitmex_insiders_caught_in_a_web_of_lies/

>>12429249
By 2030 1 Bitcoin will be, at the minimum least, $200k.

>>12429287
Another thing. Only newfags don't know that Bitmex is literally insolvent, hence why they are hiding in the cayman.

>>12429325
Well no fucking shit, what do bulls do when they get btc they dump it as well. When they dump it goes into the hands of a bull, who'll hold.

>>12429326
Yeah sorry bullshit medium article with zero evidence. They have an anchor market maker for the options contracts, so what? It's literally just overreading a blog post. Even if they have a market maker that trades against their users, it still has to hedge or it will blow up. Do you even know what a market maker does you retard?

>>12429331
Just how retarded are you? It was always in the Seychelles.

>>12429032
I bought at 180 in that top pick, that 80usd was the day silk road got busted and was the multi-year low - cost averaged until about 1/2 way through 2015 - lost a lot getting so bored with ded btc that I fucked with alts that nearly all went to 0. But traded it all back and much more, made the most in my history shorting this bearmarket. BTC will see 1 or 2 new yearly lows and that will be your new multi-year low, anything under 2800 is absolute steal

>>12429329
and one loaf of bread will be $10k
your point?

>>12429331
Mex is insolvent when it earns 2b * 0.05% every day. No wonder you're a fucking retard.

I bet you claim finex is insolvent too. You god damn newfags are really fucking stupid. kys.

>>12429032
Hey stat guy why do you keep asking this? Literally anyone registered in the wot would be your best bet but you would know this if you were 1 the real deal and 2 not up to something

So what are you up to my man?

>>12429371
>>12429329
$2200 is the mean bottom

>>12429370

>claims market makers hedge their positions spot.
Literally zero common sense.

>>12429436
If they don't hedge on spot what do they hedge on retard?

>>12429396

You're literally the newfag here.
Why was tether invented in the first place?
If you don't know the answer you're fucking newfag.

>>12429455
Hedging on spot would influence the price of a spot. Since when do fucking xbt deratives influence the index price of bitcoin?

>>12429436
>>12429465
You're too fucking stupid to understand any finance, kys you mentally ill conspiracy theorist. Expect no more replies from me.

>>12429430
Yeah. Looking forward to grab some coins once BTC has crashed below $2.5k

>>12429482

>newfag detected.
I lost money on finex during the alleged finex hack. Why was I compensated in tether and not in real dollars?
fucking newfag get the fuck outta my thread.
fucking newfag

>>12429507
95% of other faggots are waiting that too. You know what is gonna happen? You'll lose. Market always goes against the crowd.

>>12429189
I'm legit beginning to believe he was a front man.

>>12429045
The last one was the one that caught the attention of normal fags though. The earlier bull runs were simply short bursts which resulted from more people buying. Still most people didn't learn about bitcoin until 2017. At which point it was too late to make it. Also an old fag here and I doubt we will ever see a run like 2017 again

>>12429115
With retards like you still in this space lets me know plenty of room for more crash.

Muh useless market cap.

>>12429518
Maybe, and in that case, I already have my holdings. Just have more fiat prepared in case this shit continues to crash.
And the trend is to go down.

Lol all these bear fags in here saying it HAS to do this before this...elites are scooping up as much bitcoin as possible to run this shit to a 10 trillion dollar marketcap and dump on normies. 2020 here we come!

>>12429465
>>12429480
That’s the whole fucking point you brainlet. If they don’t hedge on spot where do they hedge on? Answer the fucking question. They fucking hedge on spot. Derivative markets DO influence spot because of hedging.

>>12429482
They gave you bfx tokens retard, not tether.

You ride all the way from 2014 and still haven’t made it and you’re still here. LOL. I’d feel sorry for you but it clear you’re too retarded to make it.

>>12429566
I agree to an extent. Under 4k is a buy. Under 3k is all in.

>>12429218
fucking boomers

there isn't enough greed in the whole world for bitcoin to break 20k ever again

Been watching since 2011 and in since 2013. This last golden bull hit peak mainstream awareness, I fear it is the last.

>>12429032
2013 og? im a 09 god yeah. i seen bitcoin at 2 dollars otc. yeah i solomined it. yeah i dumped it at 10k. aint buying it back. it was a ponzi.... only way to make money now in crypto is real use cases like sto's. chx is the lowest marketcap and best right now. dont give a fuck if you think im larping you new fags suck my dick. im a god

>Let BTC slowly whither away and die
>Tell everyone this is what happens with SoV meme
>Tell everyone real bitcoin is alive with on-chain scaling
>BCH or BSV which have low marketcaps go 100x in the next bull run on scaling hype

prove me wrong

>>12429257
you have to be mad. if a country, any country, will announce publicly btc reserve, btc will get political, and will be used as a weapon. It will be shorted for political reasons. Like it was with supressed gold price. If enemies got more gold than us, then if we supress the price, we might benefit from it.

>>12429076
>>12429097
>>12429112
>>12429155

still using mex instead of https://fota.com/home

won't make it boys

>>12429039
>source
>youtube video made by BTC bagholder

>>12429032
>it's different this time

>>12429032
I agree, with you and only hope is that institutional money will flow in and pump it but I don’t think that it will happen

Wait till 50 MA on weekly for a reversal

>>12429032
>I ironicly think we prob won't see a parabolic pump like the one we saw in 2017.
BTC probably won't
ETH probably will.

OG from 2011 and yes, you are right. We will never see something like the golden bullrun we had in 2017 again.

>>12429051
How would you say the normies are different regarding crypto from 2016 and now 2019?

>>12432010

YES

>>12431046

og from 2011. agree with both of you

only institutional money and adoption by nasdaq and the wallstreet can change things which is why i sold everything and went balls deep in CHX (Own) because STOs (Security tokens) are the only, rational and logical next step for blockchain adoption. everything else is dead

>>12432084
If a bullmarket is triggered then everything will shoot up again.

>>12429507
Yep same here, I'm going to acquire like crazy once BTC hits $2k and below.

>>12432095

no crypto-wide bullmarket

sto's and exchanges listing securities (DEX, tZERO, etc.) will rise and everyone, including mah grandma, will be asking about STOs. media will capture STOs only.

read read read, educate yourself about STOs and the debt market chx is going after, that's the best thing you can do right now

2013 era bitcoiner here

everything will be fine, the proliferation of 80-IQ retards calling for 2k and below now is similar to the moonboys calling for 100k when we were at 15k. Bottom will likely consolidate around here at the 200 week moving average and the absolute worst we'll get is something like 2250 on a capitulation wick. Everyone saying otherwise is fucking retarded

>>12432112
What do you think about NKN? Thanks for the advise.

>>12432260

you want my honest to god opinion? sell at a loss, invest in a STO project which is where institutional money is going to go. Google STOs and NASDAQ and the Wall Street and read. Your best return to risk ratio is STOs and as of today CHX is months ahead of all of its competitors. DYOR and it will become clear.

i bought btc at $10/btc and sold a lot in 2013 for a substantial profit. in fact i still have some btc locked up mt gox and i'm waiting for the credit rehabilitation proceedings to go forward to recoup some of my coins + money. anyone else a mt gox creditor?

>>12432084
Is REQ a security token?

>>12429230
This anon gets it.

SV is your insurance against bank-controlled Bitcoin

I'm calling it at 2500 because that's the no-man's land no one's talking about (everyone's calling 3k or 2k and below).
It will occur likely around April since that's when the gox coins are getting released. I read they're not going to market sell them this time but I think they'll still lower the price.
Bitcoin is not dead kids, wall Street whales want their cheap Bitcoin. Alts will feel it the most.

>>12429076
OKCoin futures were very popular in 2014-15. Bitmex wont be the reason for BTC's demise

>>12430855
>btc will get political
what makes you think it wasn't designed as such and the us gov in holding the 1mil coins.

>>12429293
how can someone so stupid sound so confident?

>>12429076
>t. newfag

>>12429524
bitcoin was on the news in like 2012
even today 95% of people on biz don't understand bitcoin
there will be other bulls but probably not on the magnitude of 80x

>>12432295
thx i'll throw 100$ in that shitcoin just in case

I think we'll need actual commercial usage for normies to get excited about crypto again.

Ethereum leads the way in development and scaling.