/biz/ - Business & Finance

How sure are you?
Why do you think so?
I mean it's already dumped quite a lot.

>>14498731
it should've dumped more but tether frauds are propping it up, seen about 30 million in tether buy walls eaten up over the past 3 hours on binance alone

>>14498731
It hasn't even retraced 10% of what it needs to.

>>14498751
>$3k retrace isn't even 10% of what it "needs to"
I guess we're in for -$22k bitcoin, boys.

Are chads shorting?
I only do what the chads are doing.

>>14498778
Then it looks like bitcoin is about to die. You bulls can only blame yourselves. The TA was clear and you manipulated the market to the a point where it could not survive. People warned you this would happen if you went parabolic so quickly.

>>14498821
No we will pass the ath this week or the next.

The charts don't lie , demand is massive and supply has been reducing.

1800 BTC are mined per day that's nearly 20M needed per day to keep the price and 20M+ that needs to enter the market to grow the price.

Just look at volume during working days , it's over bobo btc will moon.

>>14498821
>he unironically believes BTC is going to flash crash tens of thousands of dollars to negative values on Monday
look, I'm bearish, but you're a fucking idiot

>>14498921
A flash crash implies it will rebound. Bitcoin can not rebound after what has been done to it.

Expecting a crash when there’s a full moon one day away?
I don’t think you’re going to make it

>>14498958
Not really, a flash crash is just a fast decline proportional to growth..

>>14498708
Holo Saves.

>>14498731
Compare the past bullrun on the daily candles to the bullrun of 2017 on the monthly.

Its over and you didnt sell again

>>14498821
you forget that miners can lock in their profits at these prices most probably did which means bitcoin will survive even going to $1k

>>14498987
So you agree that bitcoin at this point is essentially a dead experiment.

>>14499211
only retards think so. especially based on price action of all things.

>>14499439
And when the price action hits 2k and lower, what will you say?

>>14498708
Prepare your linkies. I sold at 4.20 and I will buy at 1.50.

>>14499469
that it's time to buy, hyperwave predicted this elliot waves predicted this, this is it: the last opportunity of the century. i will double my stash there at least.

>>14499469
The price won't hit 2k never again btc will have such a low inflation after the halving that it will literally grow non stop until fiat currencies lower their inflation rates.

>>14499496
it can, most predictions fro a c-wave correction hit around $2.7-2.8k and these are pro ta fags that been around the block for decades.
i will start buying every time btc hits the 100 EMA on the daily or the 21 EMA on the weekly. i will simply short to hedge against drops if it looks bad.
but i got some money put aside for 2 special price levels: $5.6k and $2.7k

>>14499522
We hit $3k more or less exactly on a few exchanges, that's pretty close to the range. Entirely likely we don't go that low again. I suppose it's POSSIBLE, but so is me winning the lottery.

>>14499522
it won't drop do the fucking math btc miners earn 1800 coins per day that's nearly 20M per day they sell and 20M per day the market needs to buy to keep the price stable.

BTC volume has been fucking massive the last 3 months and on top of that you can expect shitcoin money to move to btc for it's halving.

Explain me how the fuck will btc go to 2k with this volume , because i seriously don't see it.

Every analysis i do is bullush as fuck so bullish that it's hard to believe to be honest.

But i am not trolling or memeing i just want to hear a different opinon.

>>14499543
>Entirely likely we don't go that low again
i disagree bitcoin almost always revisits a significant support/resistance 2 or 3 times.
bitcoin likes to give second chances.

>>14499543
If you are speaking about the post bubble bottom , every bubble exploded and the price fell 83% from the ath.

After that btc started the bullrun to a new ath.

The bottom was 3200 100% sure.

>>14499554
please don't be a retard don't let your feels dictate your strategy!
miners probably shorted now at $13k to $14k to lock in the profits till the next bullrun, they will exit these shorts if we break $15k obv. but if we go to $1000 they won't bat an eye. their massive profit is in.

>>14499592
btc difficulty is at an all time high and is growing more what makes you think that miners will gamble with shorts when they have to use more electricity than they ever did.

Also check this chart in both usd and btc

https://coin.dance/volume/localbitcoins/ALL

https://coin.dance/volume/localbitcoins/ALL/BTC

There is a collapse in the supply of btc in the market , too many people buying few selling.

The ammount of people waiting to buy at 9999 is insane.
The week just started and the mempool is already working at full speed due to the ammount of volume moved.

>>14499639
it's not gambling at all futures markets were created to allow producers to lock in their profits.

>>14499639
btw i'm not saying this is going to collapse 100% i'm saying it should retrace significantly to a real support and it can definitely collapse.
>The ammount of people waiting to buy at 9999 is insane
which disappears in a heartbeat once the price starts to drop don't be a newfag!
i'm bullish in sentiment also but i hope we get a real correction here otherwise this is definitely not a bullrun.

>>14498972
It’s a new moon. If you put stock in astrology, at least look up at the goddamn sky once in a while.

>>14499647
The point is that even if all miners are selling at the same time they are just dumping 20m per day , thats 6b they can dump till the halving.

6b is insignificant for the market cap.

>>14499727
it's not the miners new supply that moves the market... the miners are kind of hostages to price action and will actively hedge. they only need like 4-5% of their expected profit in btc to lock in their price if they are doing it right.

>>14499746
oh and once the price does start down with conviction and a drop gets confirmed they can increase their leverage to 100x or 200x meaning they can actually sell their margin. worst case they are stopped out in profit still.

>>14499666
Checked , i think 11000 is unironically the support too many people waiting fomo and the halving is too close.

>i'm bullish in sentiment also but i hope we get a real correction here otherwise this is definitely not a bullrun.

While i agree that there is a need for a more stable price i think it will be clear this week.

In a few hours as people wake up and the btc networks start to operate at 100% the true state of the market will be seen.

I think we will surpass the ath sooner than expected this bullrun should not be happening now that's for sure it should be happening in may next year yet here we are.

Miners can't do shit to reduce the price 6b is insignificant at this point for the market.

It's all about whales , shorts and shit like that speculating , but if localbitcoin statistics are true and there is a lack of supply of btc in the market we will see a bullrun soon.

Check this one specially

https://coin.dance/volume/localbitcoins/ALL/BTC

Look at july 2017 and at march 2019 the supply is disappearing again and we know what happened after july 2017.

>>14499790
>Miners can't do shit to reduce the price
don't get why you say that... why would they? miners want the price to go up. that increases their profitability. the price drop actually threatens the miners operation if they don't hedge. and they do they are not stupid.

that is why any argument about btc can't go lower than xy is bullshit (among other things) it can go wherever speculators take it.

>>14499790
>I think we will surpass the ath sooner than expected this bullrun should not be happening now that's for sure it should be happening in may next year yet here we are.
well hello that's my problem if this goes to $20k without several major corrections it fucks up everything and all ends in blood and tears and a prolonged bear market with a great probability.

and if the major correction comes in the fall, it can fuck the price for 3 years. i wand 2020 to be the year of the bull.

>>14499884
>don't get why you say that

Because miners selling represents the minimum ammount of money that needs to enter into bitcoin to prevent the price from collapsing.

That's 20m per day to keep the price stable 20m+ to grow.

Obviously whales and others sell , but the miners are the constant inflation of btc as they need to sell to pay electricity while whales can save if they want.

>that is why any argument about btc can't go lower than xy is bullshit (among other things) it can go wherever speculators take it.

Add 22m per day of money into btc and you can be 100% sure that bitcoin price will not fall unless a whale do a massive dump which is retarded pre halving.

>>14499929
>Because miners selling represents the minimum ammount of money that needs to enter into bitcoin to prevent the price from collapsing.
that doesn't make any sense
you think the lack of new supply can crash the market? wat?

>>14499913
We are going to bull regardless, after the halving bitcoin inflation will be bellow fiat currencies.

Let's assume that today the halving happens , now the miners earn 900 btc per day.

So now the market needs to buy more than 10m per day to keep btc stable and more than 10m+ to grow.

2020 will be a bull year but 2021 is the historic year were btc will moon to levels that will make serveral anons hang themselves for selling early.

>>14499929
>Obviously whales and others sell , but the miners are the constant inflation of btc as they need to sell to pay electricity while whales can save if they want.
miners are also whales don't think for a moment they have to immediately sell ever btc they make... they can hedge they can stop selling into crashes, not indefinitely but probably have the sense to get reserves enabling them to weather short crashes. up to a year if they are smart.

>>14498907
Hahaha capped, keep buying retard

>>14499946
Miners will sell regardless to pay electricity , if less than 20M usd enters btc every day the price starts to fall because you can be sure than miners earning 20m btc will sell to pay electric costs it's game theory after all.

Monday dump, Tuesday pump?

>>14499958
no you don't get it... if the price dippedd here in the summer and started to ramp up in the fall just in time for the pre halving mania to hit which would have taken us to these levels only to dip slightly below $10k at the halving as the mania lessens and then up to $100k after.

but this if it goes to $20k in the summer and crashes and takes us to a prolonged bear market the pre halving mania will get the price from $2k to $4k and then it's all fucked.

this b-wave rally right now is the stupidest thing ever. it either slows down and passes $20k measured in the fall or crashes in the summer. those are the two bullish scenarios everything else is fucked.

Link $1k eoy

>>14498708
Yes but LINK $1000 EOY

>>14499999
You didn't deserve those numbers

>>14499967
>not indefinitely but probably have the sense to get reserves enabling them to weather short crashes. up to a year if they are smart.

Yes and that means reducing the supply even more because they know the halving will raise prices and it's better to take debt now and pay after.

That will only trigger the bullrun early which is perhaps what is happening now and why all of the sudden the btc supply is collapsing in localbitcoins(while usd demand is s table).

Also you have to take into account the game theory if miners don't sell the price goes up and so the usage of btc as people fomo and so the difficulty and so does the electric usage forcing them to sell.

As you said they are forced by the market.

>>14499971
I will.

>>14499999

KYS WASTE

>>14499999
Super checked , Kek may be trying to tell us something here.

That said "the halving mania" as you call if you check the charts is usually 3x from the bottom from a year before the halving to the halving date and then the bullrun starts a year after the halving.

We are already 4x the bottom more or less and 320 days from the halving, the mania is clearly there and those that hold btc for this halving will not sell until late 2020 or 2021 if they are smart.

I just don't see how btc will crash after 20k if anything normies will fomo there when the news appears that btc surpassed the ath.

>>14500014
>>14500028
you know i'm right and what i'm saying is also in line with the asuka prophecy. that is the bullish case for bitcoin. it can all get fucked right here right now in july for the next 3 years. just keep going straight up and crash like a motherfucker in the fall! that will do it.

>>14500063
>I just don't see how btc will crash after 20k
it's all about how it gets there not where it gets exactly. faster it goes up less support it builds and the harder it can fall of which there will be consequences long term. if the $20k was insane bubble market then this is 10 times more insane. because you had 4-5 major corrections to $20k last time.

which is why i'm absolutely disliking this rally so far.

>>14498708
Watashi wa retard

>>14500000

i think we are going to try $15k (which is why i'm not shorting the crap out of btc right now) this week based on previous patterns, but i will not be happy if we make it after and go up without revisiting historical bull market support lines.

>>14500145
This rally is about oldfags buying for the halving ,they are not going to dump at 20k.

People are starting to wake up about fiat inflation fucking them in the ass and are using btc as a hedge.

Even the boomers in marketwatch had pro btc comments last week.
The only way that i see btc going back to 7k levels is if higher interest rates are announced instead of lower as everyone expects.

>>14500200
lower interest rates will not happen.
Public debt is still astronomical and has been ramped up worldwide over the last 10 years. In addition corporate debt is about to kill the world economy. The can will be kicked for another decade, nobody wants to be the one crashing the plane because they know it will land them on the chopping block

>>14500200
>This rally is about oldfags buying for the halving
way too early for that, that's my other problem
>The only way that i see btc going back to 7k levels is if higher interest rates are announced instead of lower as everyone expects.
a lot of things add up 2020 can see an other 2008 level deflation. in deflation all assets take a hit. bitcoin will probably be no exception unless the timing is perfect. if bitcoin is in a healthy solid bullrun it may be spared when gold gets the crapper.

i'm super bullish on bitcoin long term but right now that bullish vision gets darker with every $1000 we go up.

>>14500238
*higher interest rates
fuck me for wishing and writting

>>14500238
>lower interest rates will not happen.

Kek Australia has just reduced interest rates again and Trump has cucked the fed to the point that members in the trump administration say that the fed should not be private openly.

Maybe they will not lower them but you can be sure they will not increase them for another year and half.

>In addition corporate debt is about to kill the world economy.

Just this week deutsche bank will fire 20k people and china private debt is way worse than anything ever seen.

>Public debt is still astronomical and has been ramped up worldwide over the last 10 years

That's the inflation you see in housing that rich boomers used to protect their wealth against inflation which is why chinese buy houses worldwide.

What will happen when btc being divisible has less inflation than fiat in may 2020?
We moon forever or in other words fiat loses value faster than btc and relative to shitfiat we grow constantly.

The worse things is that everything going to shit that you described is happening in a "growing economy" imagine what will happen when shit hits the fan.

>>14500245
You sound like the typical reddit hysterical pseudo intellectual asshole that's arguing with his super smart analysis and "facts" that turn out to be bullshit in the end anyways. If Bitcoin is supposed to reach 100-200k we gotta start somewhere.

Idiots like you called for a massive drop to 2-3k for months. Gladly I didn't listen to assholes like you otherwise I would have neck myself by now. Keep believing in your own theories retard, see you at 40k when you're still hoping for a major dump

>>14500245
>i'm super bullish on bitcoin long term but right now that bullish vision gets darker with every $1000 we go up.

I think that the concept of "bottom" for btc will become a thing of the past once btc inflation goes bellow fiat currencies inflation next year.

>a lot of things add up 2020 can see an other 2008 level deflation.

At the end of the day btc will rise from what's left.
We are so early than even fucking libra will have more inflation than btc when released.

>>14500339
>If Bitcoin is supposed to reach 100-200k we gotta start somewhere.


Nothing is 100% secure but yea btc will reach that price , the question is how much it will take.

>>14500308
>lower interest rates
Corrected myself
>chinese buy houses worldwide.
China is the big unknown, if they start to load off US debt, they will commit seppuku but at the same time will throw the world into chaos. Lower interest rates will prevent this, at the cost of everybody not in Moshes shitshare casino or in crypto. Boomers parking their wealth in properties and pm will have a bad awakening, they are fucked in anyway. Lower interest rates and demographic change will have them either sell under worth to be able to pay for their medical costs, when they even find somebody who is willing to buy, or higher interest rates and demographic change will simply destroy their wealth. And PMs will go to shit with the infancy of space mining

>>14500569
You are 100% correct on everything but the space mining meme.

The only reason why PMs are fucked is because even if they protect you against inflation then you have to pay capital taxes and end up losing money.
While crypto can be used as a currency directly or with debit cards or hell next year buying libra and bypassing capital taxes.

PMs have been supressed to keep everyone in the keynsian farm eating the inflation.

BTC will be a rude awakening for everyone outside being fucked as things go to hell and eventually they will not be able to keep up with the muh btc is a ponzi crap when their entire fiat currencies become a clear ponzi to pay pension systems.

>>14500615
wouldn't be so sure about space mining. It will not happen in the next 5 years, but if private entities keep up the pace in going to space and back, the first steps could be taken in the next 10 years, which would crash gold, silver and other minerals to all time lows in a couple of months. But you are right on the price suppressing of pms by the petro-dollar cartel, they all have been too heavily invested into the scam since the '70s, if it crashes, they will have no other option than to jump off buildings or be beheaded by angry mobs of vicious communists and literal rwds.

This will be the last can kicking before the Boomer ponzi dies, and it warms my heart with joy knowing that the majority born between 1945 and 1985 will die alone in poverty eaten by their cats, wondering why they don't get the monthly check from the institutions they did their long march through, trying to sell out the future of their children, countries and races, for materialistic lunacy

>>14500765
>the first steps could be taken in the next 10 years

No forget it , to reach the asteroid belt or asteroids like psyche you need years of traveling.

Space colonization will not happen until nuclear fusion allows to use a chad ion thruster

https://en.wikipedia.org/wiki/Ion_thruster

with chemical rockets we are extremly limited , low earth orbit internet will be the greatest business in space to grow very soon as well space tourism.

>it warms my heart with joy knowing that the majority born between 1945 and 1985 will die alone in poverty eaten by their cats, wondering why they don't get the monthly check from the institutions they did their long march through

Karmic justice is coming and we can sense it arriving pretty soon.

>trying to sell out the future of their children, countries and races, for materialistic lunacy

it's worse than that , it was not even materialistic quite the opposite emotional driven shit that has left everyone born after 1985 a fucking serf due to the consequences of their actions causing the quality of life to start to collapse.

As this meme here pointed

>>14500308

They patched the consequences of their actions with taxes they never had in their youth and now the ponzi is about to collapse.

Good thing a few of us woke up and are preparing for it.
Our future is bright anon.... society tough.....

>>14500245
>when price goes up I get less bullish
You are a r*dditor psued.

>>14500877
Space colonizing I very much doubt for the next 50 - 100 years, we will see on space mining; lassoing asteroids and comets bringing them into a "save" orbit around Mars to be harvested doesn't seems too far fetched. I wouldn't have dreamed in my wildest dreams in the '00s that a faggot like Musk would manage what nation states failed to do for 40 years.

I suppose it was emotionally and materialistic. Emotionally in the way that those stupid retards really believed they would bring world peace and the end of history after the end of WW II by being pacifistic pussies giving responsibility to International Organizations full of incompetent agents. Materialistic in so far that they thought they deserve to be treated like kings for being the saviors of planet earth. Either way, our parents and for the Zoomers grand parents will go into the annals of history as a generation of idiots on par with the last Eastern and Western Romans, as the degenerate Athenians. Everything they believed in and their utopias will be judged by future generations and laughed about in the face of realities.

>>14501198
>Either way, our parents and for the Zoomers grand parents will go into the annals of history as a generation of idiots on par with the last Eastern and Western Romans, as the degenerate Athenians. Everything they believed in and their utopias will be judged by future generations and laughed about in the face of realities.

Sadly you are correct.