/biz/ - Business & Finance

>>16339656
this whole fantasy money market needs a healthy -80 to -90 percent correction (or even more, not kidding).

Im going fucking rich
I have been waiting this fall since April to buy my BTCs

>>16339796
whats your buy point going to be? im not spending a red cent until it drops below $3,000

https://youtu.be/60Ip9qumgBc?t=218

>>16340017
>until it drops below $3,000

it wont

Its turned ariund now so you btcfags can relax

>>16340078
This

>>16340078
>>16340871
We will 100% wick below 3k before the end of Feb 2020. Mark this.

>>16340980
Nope. It will never go below $6000 EVER again.

$5000
probably $4500
If it dips below $4500 the miners won't get any return and--if the price doesn't go up--will fold and collapse all crypto.

>>16341018
>miners

South African beaches have amazing surfing this time of year

If Bitcoin dips below 6k for more than a week, its DONE, FINITO.
This uptrend over years has always been respected.

>>16341001
You the same fag that has been posting this is the bottom in every post? How does it feel to be so wrong all the time?

>>16341085
>>16341018
These are both the dumbest fucking posts I have seen on /biz/.
>It can't go below 6k because muh mining and that's just bad mmmmkay
You dumb fuckers do realize it already has done this in the past year correct? IT WILL do it again, and the miners will just sell OTC like they did last time.

>>16341139
No retardo, it didnt if you would look at the chart I just posted.
The uptrend is still going since 2015, even with the dip to 3k.
Morone.

>>16341171
Well get ready to an hero because it's going to happen.

>>16341181
I never wrote, it can't happen.
Legasthenic.
Read what I wrote: IF - than
"its DONE, FINITO"

>>16341191
It won't be done, but get ready to an hero anyhow because you are too fucking stupid for words

>>16341235
>get ready to an hero

Dude, read a fucking book.

>>16341171
>2 years nonstop rapefest with increasingly lower highs
>this is bullish for bitcoin

>>16341139
>miners will just sell OTC
Who's gonna buy it though?
You understand cost of production? Miners need to pay bills. If mining one bitcoin costs them $4500 they're not going to sell for less. If there are no buyers for $4500 and more it's game over. They're already mining in some fucking 3rd world country where electricity is cheap.
And all that BEFORE halving.
This isn't the same when the network was run by early enthusiasts.

>>16341364
>being this new

>>16341534
Do you retards understand that this shit ADJUSTS depending on moving difficulty and the price?
People were saying the same exact shit at $4k but about $2,800 or so

>>16341364
Ew.
Lurk mower

>>16341534
>If mining one bitcoin costs them $4500 they're not going to sell for less

>If mining one bitcoin costs them $4500 they're going to stop mining

Fixed.

They will keep selling any BTC they may still have, because they got a family to feed. We all do. How am I going to tell my kids they won't get to go to college? Because daddy was an idiot and thought his investment wouldn't only pay for it, but he actually believed college would be unneccessary because we'd all be rich. My wife is going to leave me if I don't fix this. What the fuck do I do? The moment this stupid shit hits $10k again I'm selling it all.

>>16340078

It won't until it does

>>16340078
you newfags remind me of the retards that said $6k will never break
>ironclad support bro
>inb4 this time is different

As long as plebs like you are bullish we have not capitulated yet. Look at the 2015/2011 crash sentiments

>>16342077
X10000

>>16342077
>holding btc at 6k for 6 months to get 50%+ at July bull run
>this is bad
Grug hands STRONG

>>16342077
>my idealized entry point will be meet
don't be so sure about that

>>16339656
I DON'T THINK IN FIAT!

>>16342179
That bullfag cope chart has nothing to do with today's situation. This is a very bad setup and I think it's going to get a lot worse than people believe. We already had the great 3k to 14k rally this year which was clearly too much too quickly. Weekly RSI is at abysmal levels and I don't have the same kind of faith in buying the 200 week MA support as I did last December. We could go below 3k and if so it's anyone's guess where we stop

>>16342179
The fact that so many no-coin plebeians are waiting for these outrageously low (and technically impossible) prices for their entry point means that we should see a massive green candle soon.

>>16342220
It could also end in a double bottom at around $3100 ignoring your sub $3000 orders thus hating yourself for life

>>16342220
Written like true fiatholder cope. Nice. Impressive.

>>16342263
Yes but that would be retarded. We bottomed at 3k in December because that was the 200 week moving average support coupled with oversold weekly RSI - the perfect bottom condition. That same 200 week MA is now at $4900 or so and I have much less faith in it holding a second time around.

>>16342294
I bought 10 BTC in December/Jan at 4k avg cost basis and liquidated them at 8k. How much did you make this year?

>>16342179
>it will keep going up forever

>>16342360
>only unconfiscatable asset extrictly limited in amount will not go up long term against infinite fiat supply

>>16342379
>unconfiscatable
They can confiscate anything if they put soldering iron up your ass

>>16339656
BUY THE DIP YOU FUCKING NIGGERS

>>16340017
It won’t go below ~$5,300 although wouldn’t be suprised if we bounce of $6k

>>16341001
Wise

https://www.tradingview.com/chart/BLX/oKh54NhX-Bitcoin-Halving-and-Charting/

>>16341989
If it ever hits $10k again, you should probably hold until more suckers pump it up to $20k

>>16339715
>Fantasy money.
You mean like fiat currency?

>>16339656
Believe on the Lord Jesus Christ, and thou shalt be saved

>>16342379
>unconfiscatable
oh sweetie

>>16343578
Based

>>16339656
>btc goes up
>everybody calls for 12k, 15k, or new ATH

>btc goes down
>everybody calls for sub 3k

>>16343853
>confiscating money from exchanges is confiscating bitcoin

oh sweetie

>>16341989
It's not hitting 10k retard, your wife is going to cuck you and then leave you because you can't provide for her and your children, and your kids will hate you for robbing them of their future to fuel your crypto gambling addiction.

>>16340980
This.

>>16342683
BASED. every FUD of crypto applies to fiat as well and we must always remind boomers of this