/biz/ - Business & Finance

Is going to be fun when the 200wma is broken and all the bots start selling in mass and the board gets filled with post of pink wojaks.

>>12788552> imagine being that retarded to fall for fake bullrun in Feb 2018 and buying at $12000
> imagine being that retarded to fall for fake bullrun in May 2018 and buying at $10000
> imagine being that retarded to fall for fake bullrun in August 2018 and buying at $9000
> imagine being that retarded to fall for fake bullrun in Feb 2019 and buying at $3800

>>12788586
imagine being this dumb lol

>>12788586

lol, I unironically bought at 12k last feb (as well as other times).

>>12788552
Daily reminder that TA is a pseudoscience and a scam and if you believe in any part of it you're a sheep.

>>12788766
TA is all that matters in crypto and if you don't see this then you're a turbo brainlet

>>12788552
Youre using the wrong moving averages brainlet
switch to BLX and switch to moving averages that are based on Fibonacci numbers.
EMA 377
EMA 233
for weekly

Behold the accuracy

>>12788842
That's odd considering the 200 week MA is where bitcoin bottomed out last time following the 2014 collapse.

Also odd considering the 20 week MA acted as support for literally the entire bull run from Nov 2015 to Dec 2017, and once it was breached flipped to resistance for the whole way down.

But sure, you and your magic fib numbers are correct LMAO

>>12788552
>Daily reminder that if you didn't buy at the 50 week moving average you missed the bottom and will inevitably end up FOMOing in above $12k.


>Daily reminder that if you didn't buy at the 100 week moving average you missed the bottom and will inevitably end up FOMOing in above $8k

>Daily reminder that if you didn't buy at the 150 week moving average you missed the bottom and will inevitably end up FOMOing in above $6.3k

Daily reminder bearcucks are retarded and there is no chance Bitcoin will fall below this arbitrary line ever again.

>>12788552
>imagine being this retarded that the bottom is already in.
Cya at sub 3k

>>12788552
Yeah, but why the fuck would I pay 4000 bucks for a place on a swollen ledger that is good for... wait for it... nothing except slowly and wastefully updating itself and getting bigger and shittier. You are DELUSIONAL. BTC sub 1k by Election Day

>>12788929
So what happens when they cross?

>>12788958
The only line worth looking at was the 200 week MA, though. That's why it's held and will continue to hold.

>>12788963
Enjoy FOMOing in at 5k when you finally realize how wrong you were.

>>12788990
Because Bitcoin is the only cryptocurrency that matters and is worth owning. Shitcoins only exist as trading vehicles to increase your BTC stack. If you weren't some turbo newfaggot who showed up in November 2017 you'd know this by now.

>>12789014
They won't - this current breakout will likely get us to about $4400 or so which coincides with the 20 week MA. We'll bounce off that and head back down to the 200, and the MA's will compress until they're just about to cross and that will likely be the catalyst for the real breakout from this consolidation range.

>>12788929
The first cycle bottomed out at the 100 ma. The second cycle broke the 100 and found support on the 200 ma. This cycle will break the 200 ma and find support on and around the 300 ma, likely with a wick to the 350-400 ma. You’d be foolishly jumping the gun to think it’s not out of the question.

The maximum this rally will go to is $4,600 before we resume the dump to find our bottom. Maybe the bottom is defended and your right, but to say we don’t re test the bottom is delusional.

>>12788552

>>12788929
Brave new coin liquid index for BTC is the oldest and most accurate chart for Bitcoin in terms of index pricing and volume.
The pricing and volume is cumulative, it takes all the data from all the exchanges and averages the price from 2010 till present day.
Moving averages do the same, they average out price.
You're using one of the worst performing moving averages and the wrong chart and the wrong number.

There are several test done online about which moving averages perform the best.
Exponential moving averages comes out on TOP every single time.
TEMA, DEMA, Wilders, WMA are hardly used for a reason.

You are all delusional. These forecasts are as reliable as the presidential polls

OP, you sound like a massive cuckold that came straight from one of the meme discord groups.

>>12789169
>You're using one of the worst performing moving averages and the wrong chart and the wrong number.

And somehow the price still managed to bottom out EXACTLY at the moving average I use. How odd!

>>12789195
I called this shit months ago, faggot.

>>12789054
Why does bitcoin matter? It literally does nothing. You see this right? BTC is like the gramophone. Neat proof of concept, but it just records sound onto a column of wax. Useless in every day life. Bitcoin is the gramophone while developing blockchain tech is the telephone. BTC will have its place in the history books. It will fall to very little in value. Look at your response “it’s the only crypto that matters”. That’s not an argument. You are all nuts if you think this thing is worth thousands of dollars. First coin worst coin

>>12789224
Humor me this, when did you first hear about cryptocurrency and actually buy some? If it was any later than Jan 2017 you're a newfaggot whose opinions mean absolutely nothing.

>>12789214
calm down fatty, write a blog or worse - start a twitter and get a tripcode. lel

>>12789248
I'd rather just continue making money being right about the markets. Every so often I'll start a thread to try and enlighten some people but clearly most aren't prepared for the truth.

>>12789231
Not an argument. Why is this ledger good for? Why should people continue to buy a position on a digital ledger for ever increasing prices?

>>12789273
>Not an argument

2017-era newfaggot confirmed. Bitcoin is essentially the only cryptocurrency with widespread adoption, brand name recognition, and a network which is now virtually indestructible. It is the only cryptocurrency with a regulated futures contract, and will likely be the first (and possibly only) cryptocurrency to recieve a publicly-traded ETF product, making it easier and more efficent for "normal" people to hold. Bitcoin is essentially digital gold, featuring all of the properties that make gold valuable while also retaining the properties that make money useful. No one is ever going to use XYZ shitcoin for whatever hyper-specific purpose your garbage network was designed for. Outside of perhaps ETH and XMR, there are literally no cryptocurrencies worth holding beyond pure speculative trading.

>>12789224

Don't be so superficial. Bitcoin has solved the fundamental problem - it's the real sovereign money of the internet. decentralised. Able to send billions through the borders. Persistent against any censorship.

Yes, its tech is obsolete in many ways, but it's like QWERTY effect. The first who solves the task, gets the niche. I would never dismiss Bitcoin even in long perspective. Digital gold, that's it. Sooner or later it will be overthrown form the 1st place, but still have its value

>>12789364
>all the properties that make gold valuable
>doesn’t even exist in the physical universe
>all the properties that make money useful
>network is so sluggish and wasteful even at a time when a tiny minute fraction of world commerce takes place on it
Okey dokey. I’ll keep my money in my pocket and maybe buy some LINK after BTC drags everything down one last time.

>>12789455
Thank God I found this board after the crash. You guys are obviously shell shocked and deluded.

>>12789455
>he thinks gold being physical is what gives it value

top kek the absolute state of LINK brainlets

>>12788575
This. It'll be glorious.

>>12789507
More ad hominem and argument from authority. These are known as fallacies. They are usually used by those who can’t win an argument on its merits. Basically the language of COPE. Sinking your money into something that you can’t even properly defend lmao

>>12789540
That's cute coming from the newfaggot too ashamed to admit when he first heard about crypto. Your opinion is literally as worthless as the shitcoins you hold

>>12789581
I heard about crypto in 2016, and bought a couple ETH in 2017 when it was expensive as fuck. We are on an anonymous message board. Why would I be ashamed of anything, save for expressing opinions I can’t back up? My opinion is surely so simple that it can be refuted, right? I mean, you’ll just call me a newfag and not make any points, but maybe someone else in this thread can defend your position more effectively

>>12789732
>what is off-chain scaling using the most secure and decentralized network
keep buying your altcoins. the future is going to be built vertically on the BTC network.

>>12789214

That is not exactly ''exact'' if you want exact.
You will have to disregard the moving average and replace it with it a composite profile that can display volume traded a price.
That moving average is dynamic it changes depending on timeframe.
Volume profiles don't update until a node interacts with price.
Noticed how the high of the wick got rejeced by this low volume node.


You're bullish because price didn't breach 200 MA.
Just to put it on record.

pic related>>12790116

>>12788586
Imagine being that fucking stupid and bagholding 12k like how the fuck do you live with yourself? People like that must be angry every day

LTC&ETH longterm downtrend broke, the last days....

i'm holding chx for the 5x mainnet & masternode pump

>>12789054
>Because Bitcoin is the only cryptocurrency that matters and is worth owning. Shitcoins only exist as trading vehicles to increase your BTC stack.

Agreed. Coming to this realization is a key landmark in any crypto trader's development. Helps take the emotion out too.

>>12789364
Bitcoin is the only crypto actually used. Dream Market even dropped Monero. It's the main trading pair. Everything else is measured against it. It's not going anywhere anytime soon.

>>12789214

You better start praying that price will break above $4k and trend higher.
The alternative is sideways price action.
Many brainlets thought 6k was strong support, many brainlets placed their stops below 6k and went long.
The result was a 2.5 month long liquidity pool.
2.5 months of ''hidden'' liquidity. I know a few traders who placed their stops below $5800 and got filled a few hundred dollars below their stopprice due to high slippage.
If you think 200 MA is strong support, watch what happens when that hidden liquity gets triggered.

>>12789732
The market is going to prove you more wrong in time than I ever could.

Bitcoin will die and ETH will be king

>>12788552
>if you didn't buy at the 200-week moving average you missed the bottom and will inevitably end up FOMOing in above $4k

>>12790396
I'm going to enjoy looking back at all the naysayers in 12 months. Have fun waiting for lower prices that will never materalize

>>12790409
not what i was implying

>>12790346
>>12790409
You sound like my grandma railing about Jesus coming back. You obviously have deeply seeded emotional reasons for investing in bitcoin. I do not plan on buying bitcoin even at sub 1k. Just like I don’t plan on buying a transistor radio or a landline phone or any other antiquated technology

>>12790528
No one gives a shit what you think dude, you bought ETH at the top of the market in 2017. Why would anyone care what your opinion on things are?

My reasons for investing in bitcoin are that I realized a 50x return from my 2013 purchase by selling in 2017, and now that we've essentially replicated the 2014 bear market in both length and peak to trough drawdown (~400 days, ~85% drawdown), this is when you want to start building back a position for another 3-5 year cycle. Even if crypto crashes to 0 I come out a net winner, and if it goes back to even 20k I realize a 6x gain.

>>12790552
Lol, you have replied to every one of my posts with remarkably little information and then you finally come out and say the truth. The only reason to by this shit is because a greater fool will perhaps come and buy it at a higher price. Literally a big game a musical chairs. The emperor’s new clothes look good, eh?

>>12790597
Woah its almost like any traded market for any security on earth revolves around people trying to buy low and sell high. Fuckin weird

>>12790597
Thankfully, for Bitcoin to succeed we don't need retards like you to understand the value proposition of BTC. Those who do understand have and will continue to profit from the monetization and the information asymmetry surrounding BTC. Those who don't will naturally adopt better money eventually. Economic reality imposes itself onto the world whether you're aware of it or not.

>>12790636
Yeah, but this isn’t just another security, bro! This is bitcoin! It’s a super cool new concept where it’s, like totally decentralized, even though most of the work (inefficient energy waste akin to running your AC unit for the purpose of collecting the condensation as drinking water) done is done in huge Chinese warehouses and the cumbersome cost and transaction times make it not worth it to use outside of something you can’t use fiat for. (You know, child porn, drugs, tax evasion.) New paradigm bro! Let’s get started building society on top of this experimental clumsy open source computer program! Just like gold bro!

>>12790703
wew lad you shouldve just mentioned you were some retard from /r/buttcoin instead of wasting my time with your meme arguments.

>>12790806
Yeah, then you wouldn’t have had to waste your time typing out all those well reasoned arguments for why anyone would pay 4K to occupy a tiny fraction of some swollen ledger. Oh wait, you never did get around to explaining that. Huh.

>>12790856
Pretty funny coming from someone who willingly paid top tick pricing for a glorified shitcoin-ICO platform.

The best part of markets is that I don't need to convince you of anything. The market will always be the ultimate arbiter of who is right and wrong, and for the last 10 years now it's been telling you that the pro-bitcoin camp has been right. You can stomp and scream all you want about muh energy inefficiency and muh swollen ledger but we'll see in time who was right.

The sheer arrogance of anti-bitcoiners makes me glad that they've been perpetually wrong for the last decade. I'm sure this time it's different though, right?

>>12790856
Your reaction is one of someone who had not been challenged on their delusion in a long time. Bitcoin’s price is directly pinned to the amount of bitter clinging autists and greedy boomers that remain in the market, all gradually giving it up in order of highest IQ to the lowest. The excitement I see on this board during a tiny pump on any market is what you would see if you skipped a crack rock down the middle of a NYC subway car. Instant desperation. Trying to claw your way to any confirmation bias you can get your addicted little hands on. Sad.

>>12790908
wew lad you're the one who seemingly had his family raped and murdered by bitcoin lmao. I know you're probably salty you missed the boat but don't take it out on me. I'm just here to ride the wave.

Pink ID is absolutely savage.

I've never seen a whole fucking board rekt so hard. Shit's like reading the script of a kung fu movie.

>>12790995
Yeah, those emotional arguments based on nothing of substance really shut all of us up

>>12790292
I triggered your mum's hidden liquidity

>>12791072
You're a gay nerd and a poor person. I had fun reading him fuck you fags up. Stay classy dude.

>>12789273
It is an argument, because all newfags with any sort of brains go through exactly the same stages of discovery and its tiresome to hear "newfag stage 3" for the hundreth time.

>>12791164
lol get off your phone and go back to posting with your original IP, this is just sad. He made literally no points that weren't just emotional appeals such as muh energy wastefulness. Literal boomer-tier arguments that don't deserve to be debated in good faith because he has no intention of replying in good faith. Meme arguments get meme responses.

>>12789224
> gramophone is worth $1-$9 in 20th century
> worth hundreds of $$ now

checkm8 atheist

>>12791244
Shouldn't even waste your time trying to help these ungrateful plebs, OP. Let them figure it out.

>>12788552
>there is no chance Bitcoin will fall below this line.
Oh, just like there was no chance it would fall below the cost of mining around 6k? kek, cya at $800 where you'll be selling me your bags.

>>12789055
i think this, but i think we've topped out now, and a ton of longs are closing so i'm not alone.

>>12791396
Good thing I was never saying it wouldn't fall below 6k. I called 3k bottom for months but no one believed me, funny how that works.

>>12791556
>hubris.png
screencapped and will repost after the probable impending capitulation

>>12791629
Go for it. We won't break below the 200 week MA.

>>12791662
>still not understanding the dangers of hubris
Y-I-K-E-S

just so everyone is fully aware April 2nd is the big day this is small boy run before another bottom buy all you can during march once april hits we will be back to ATH