/biz/ - Business & Finance

>>12513320
You still haven't realized that the cme futures don't fit in with this bullrun everyone is salivating about. Unless we decouple from king shitcoin we are fucked.

>>12513320
3200 is about how much it costs to mine a bitcoin in china. China also mines about 80% of btc so that is a pretty strong resistance level. Doesn't mean we can't go lower though.

>>12513353
>the mining cost meme

You people don't learn from your mistakes.

>>12513347
explain?

>>12513320
Nope. Got another year of sideways barting at least. Still no real organic use of anything, and King Shitcoin itself needs to die.

The real price of BTC would be $5000 already if not for shorters. No one actually wants to sell a Bitcoin below 6k, they just want to short it to get more, because they all think it will go lower. The reason it stays there is nobody wants to buy it either. Eventually some billionaire whale will call the bluff and accumulate everything under 6k.

>>12513320
Until we start seeing higher highs (starting around 4.3k), we're more likely to see lower lows.

>>12513320
lol how can you not see sentiment has tanked for the near term

>>12513377
Look int ok the silver and gold futures and what that did to fuck up their price.
This video should explain it to you
https://youtu.be/Ur6Q6jafb3k

This was a based post but I feel the numbers are off, I’ll think we’ll see steadier slower growth than the past. But my guess would be we’re at bottom.

>>12513347
anyone noticed how smoothly and ultra fast CME futures approval went compared to everything else?

>>12513444
"We are gonna tame bitcoin"

>>12513567
Lmao I remember people laughing at this

>>12513320
No bottom confirmation, and can't break small resistance levels bouncing up. We either drop below 3200 or we bounce in a channel for the year between 3200 and 4k because that seems to be the support and resistance floor and ceiling at this point.

>>12513439
holy shit, we're fucked

>>12513408
>The real price of BTC would be $5000 already if not for shorters
So you bought at 5k and can't wait to sell. Got it.

>>12513585
They weren't laughing in January when the cme futures fucked them in the ass. Everyone is too stupid to see it though, they still hope the "institutions" will help them. Retards, everyone should dump their king shitcoin and pick a better currency, it would fuck these jew bankers in the ass.

>>12513607
Every. Single. Time.

>>12513320

Bitcoin is going down to test $3,200 at least a few more times.

>>12513625
What is king shitcoin?
xrp?

>>12513320

90%+ of the projects are shit and still most of them haven't died out yet.

When we start seeing shit projects going down the drain, getting delisted and announcing shutdowns, then the bear market will start to end

>>12513362
So it's just a coincidence then ok

>>12513320
hes not wrong HOWEVER the third bull run will play out slower and most likely 2022

if u look at the charts each bull run is smaller % wise and takes longer which is a sign a market is maturing

>>12513439
so how will cme investors profit? they still need losers within themselves no? unless they're all somehow not so cut-throating with each other and only plan to make subtle gains with barting and never making moon happening for the poor fucks like us. idk what to make out of it. history wise, dont these fuckers make their heist with fake news to or other events to crash the market, buy up, and get the lemmings suckered in then dump?

>>12513662
that still dont make sense, you dont need use case for bull run what so ever, what use case do most stocks yield? not all pay out dividends, and yet people buy them. they're not even a real share hold of the company, they just think it is. its exactly like most icos no?

>>12513633
underrated

>>12513353
The difficulty drops when unprofitable miners leave so the price dropping would actually make it cheaper to mine. Most people don't know this.

>>12513320
If the last crash is any analog (and it has been pretty accurate so far) we've still got all of 2019 to essentially move sideways between something like 3-6k, so this is the accumulation range. Breakout late '19, early '20

>>12513671
What coincidence? You don't remember shitheads claiming "6k is mining breakeven" for months?
Just think about it for a fucking second anon. If 3k is some magical mining floor, what the fuck did they do back when BTC was selling for $10?
Jesus christ.

>>12513633
Based and checked. I wonder what we should do with this people

>>12513430
>(starting around 4.3k)
Current higher low is already 3900, good luck.

>>12513439
That fuck face is literally just restating everything from https://medium.com/@super.crypto1/4th-dimension-bitcoin-manipulation-cartel-can-it-be-burnt-no-way-c53de65c166a

>>12513430
>(starting around 4.3k)
Current lower high is already 3900, good luck. 3200 probably won't spark the same violent reaction if btc gets there again either.

>>12514335
Holy shit. This motherfucker was on the money.

>>12514335
>>12514575
fug, 2 spooky, 95% crash, so where the floor? 1k if btc was considered 20k ath? thats still eons to go for the price to go to 1k at this rate. fuck me. but like silver and what not, patients seems to pay out... eventually... hopefully.... faith my niggas

>>12514575
>>12514335
https://www.youtube.com/watch?v=KcgA-hMAozI

check this out, just another confirmation bias. i love biz for this reason, although im a brainlet on my own, as a collective i can get a much better chance into having good/better insight than i would ever have on my own... its like that jelly bean experiment.

people had to guess how many were in the jar, nobody got the right number, but once you added up all the guesses and did the mean, the number was the exact amount in the jar.

>>12514749
thats what they want you to think. Just more suckers to dump on.

>>12514265
While you are correct it is worthwhile to note:
Nowadays the mining game is incomparable to how it was back then. Back then people could commercially mine as a hobby from home. There was not much of an investment to make into mining.
Nowadays mining is such a large business that people are spending more money mining Bitcoin than they could on mining gold.
Why do that if its not valuable?

>>12514785
did you mean (((they)))?, also can you elaborate abit more?

>>12514749
Pretty sure Teeka is a meme. Every call he made in his private group pumped a lot - then once we hit a bear market, he makes a few calls that don't pan out, and then he comes out with this? Just seems like he's trying to cover his own ass by making up a reason why his calls didn't work.

The trouble I have with all of this is that it's just speculation, there's no proof on whether it's really a coordinate attack to supress btc price. How do we know it hasn't been supply/demand with a few whales acting on their own to cause the barts? Sure we know silver was manipulated, but that doesn't mean the same thing is happening to btc.