/biz/ - Business & Finance

>>16632033
Nah, there's a barrier bitcoin can never cross at 450k transactions per day. That's when Fees spike at $5+ and nobody wants to send their BTC to exchanges so the volume disappears.

Even right now bitcoin's volume is sad. It hasn't improved in 2 years

>>16632033
>7777.77
what did he mean by this

>>16632033
We'll go parabolic by June 2021

>>16632033
With the extent that this log chart keeps getting shilled as the last bastion of hope people have to get rich by doing nothing and sitting on their bags, BTC will finally invalidate the long term uptrend causing true capitulation.

Literally everyone is looking at this now and thinking "WHEW, Just one more year and it'll go to 100k and I'll finally get rich"

Tell me faggot, that this doesn't sound delusional.

>>16632305
Sounds like 110 iq whining.

>>16632305
Most normal people will see this chart and think the same exact way you do. “It’s too good to be true”. An asset like bitcoin has never existed before, and it will not adhere to any kind of technical analyses or past the performance of other market bubbles. The only way to win this game is patience. You will be left behind, anon.

>>16632305
Back when BTC crashed to 2k anons thought reaching ATH of 4k again was just a pipe dream. Now here we are, at almost double that old ATH and anons are saying 20k is just a pipe dream. I wonder what they’ll be saying in 2022? 2024? Just buy some. It’s just money, anon, you can always make more. Or would you rather be wracked with regret some 5-10 years from now knowing how close you could have came, how easy it would have been, if you had just bought some; even a couple hundred dollars worth. Is your pride worth that much to you?

>>16632335
Bitcoin has no strong fundamentals. Once you sit and think about it you'll realize cryptos are just penny stocks on steroids.

I dare you to name a single strong fundamental or news that makes the case for BTC breaking ATH again.

>>16632427
No.

>>16632033
What's a 'Beark' Market?

>>16632033
NEXT RUN WILL ONLY BE A 15X... BIG DEAL... WE MISSED LIFE CHANGING MONEY... I'LL JUST CHARGE THE ROPE I BUY ON CREDIT.

>>16632455
Kek fucking BASED no-poster

>>16632455
>>16632427
btfo

>>16632033
This chart popped up everywhere after the 2017 crash. Everyone knows about it, it's been priced in for 2 years now.

One of two things might happen, either the crabbing continues, or people have enough of it and cashout triggering the last and final ass blasting bear.

It's over.

>>16632033
Market cycles get longer even according to your chart. Real bottom is around 1k with still another year left of bear.

>>16632455
B&R

Bitcoin is the most obvious play in history. Yes it will exceed 100k in 2020.

>>16632305
>>16632526

>people have enough of it and cashout triggering the last and final ass blasting bear.

this is what is going to happen

>>16632033
im actually shorting right now so i can have more bitcoin

>>16632657
Probably late 2021 to 2022

>>16632033
This rally will fail like all of the others.

>>16632385
You sound like a kike salesman. Fuck you.
>it's only a couple hundred dollars goy
>you can always get back in your wagie cagie...

>>16632080
>volume hasn't improved in 2 years
>posts picture that shows 38% improvement of transactions over 3 years

kek

Seems like this ones gonna suck, like a 10x max. The rides already over, we missed the real gains

>>16632806
>rides over
>can only turn 1k into 10k now
>we missed it

>>16632824
Yeah so if by chance you have 10k to make a risky investment (most dont with family obligations) if you sell the absolute top you'll have 100k. But of course, you're not buying the bottom and not selling the top. So sure, an 8x is cool and that's fucking sweet we'll all get that but it's just ok. Most will turn 5k into 40k, pretty nice but nothing life changing.

>>16632839
lol you're fucking retarded

>>16632877
Cope

>>16632455
You just proved I'm right.

>>16632033
>>16632112
>>16632716

> trying to find multi year pattern in an 8 year old market

>>16632033
Thanks anon I put all in 10x short.

>>16632385
I sold at $1k a coin. No regrets because if you don’t take 900% profits you’re a fucking greedy retard and deserve to lose everything. Just because something happened once in history doesn’t mean it’ll happen again.

>>16633005
Cope: The Post

>>16632805
>2 years
>3 years

Crippled shitcoin is crippled.

>>16632033
this can actually happen. normies actually think btc is scam and worthless imaginary coins. there is too much room for growth.

>>16633064
A good trader never copes from taking profits. A good trader locks in gains and moves onto the next opportunity. A good trader doesn’t bag hold losers, even though there is a small chance they could reverse. Post your all time, faggot.

>>16633156
>>16633064
Btw that’s 2 months of gains, bag holder.

I mean... BITCOIN TO ONE MILLION ANY DAY NOW BASED ON NO FUNDAMENTALS OR TECHNICALS WHATSOEVER

>>16633064
>>16633156
>>16633167
More winning trades. Up over $22,000 in two days. How much have you made in the last two days, faggot?

>>16632033

I fully reinvested into BTC at $6600 we are going to new ATH in at least 1-2 years.

>>16633156
>>16633167
>>16633184
Oh my fucking kek the level of damage control and seething. I can smell your insecurity from here. You are going to cry into your pillow after all that paper "wealth" evaporates in minutes when the liquidity crisis hits

>>16633193
Way to ruin a good meme, nigger.

>>16633226
>worried about a liquidity crisis
>invests in crypto
WEW LAD.

PS “””-$7000””” because of a $7k dividend payment. Wow I’m seething lmao. I’ve probably made more on crypto than 99% of the copeposters on this board because I’m not retarded.

>>16633307
Congrats on making it anon (at least by my standard)

>>16632458
Its a bear market so bad you need Noah's Ark to survive

>>16633322
Thanks anon. $5 million is my next goal. There’s no easy way to get rich despite what some will claim.

>>16633197
You may be right. I’m just done trading crypto in any large amounts for now. I focus on options and don’t want to divide my focus. Maybe it’ll hit new ATH but I’m not willing to put enough into bitcoin to make anything meaningful.

>>16632033
Better buying some Ultra at Bitfinex instead of shit coins.
AMD, Ubisoft, EOS. Come on people. Be smart.

>>16633507
Well me being fully invested is $17k total, I really dint have much to lose. To me bitcoin is relaxing compared to options trading. The high risk options I messed with, one gap up or down and poof 99% loss.

>>16632805
>38%
>in 3 years

Is this how bitcoin fags cope? You guys can swing anything as a positive

>Bitcoin transactions cost $5
>"That's good. That means the mempool won't be clogged"
>Bitcoin has been dropped by 90% of merchants
>"That's good. Bitcoin is a store of value"
>Bitcoin lost 60% in a year
>"Thats good. That means I can buy more"
>Lighting hasn't grown at all
>"That's good. Means lightning has more room to develop"
>Lightning has been shown to not work
>"That's good. Means we can develop something new and I can get on before everyone else"
>Bitcoin is stopping development
>"Thats good. The protocol is set in stone now"
>Bitcoin has been discontinued
>"That's good. That means my bitcoins will be collector's items and will go to 100k by EOY"
>You're homeless because you lost all your money by investing in bitcoin and Bitcoin SV/ETH/BCH went to $100k"
>"That's good. They now have to deal with the problems of being wealthy while I have a comfy hobo life to enjoy"

>>16633640
Kek

Complete noob here. I had a couple btcs way back because I bought an indie game from a fin Autist.
Sold them in the 2013 craze for maybe 200 bucks. Was but bummed when I saw it peaked at several thousand dollars a couple years later but shrugged it off.

What are the fundamentals today?
>Transaction costs are ridiculously high
>For this reason and a bunch of other it has never spread as an alternative currency, even online
>Tech is old and any attempt at renovating ends up with horrible battles and forks everywhere
>Dominated by shady whales, from russian mob to Chinese farms, who can easily manipulate the value to their sole profit

Also there are dozens of alternative with more interesting techs (while having their own downside of course).
Is it anything else than a Ponzi scheme attracting people with fast gains to pay the insiders ?

>>16633970
>Is it anything else than a Ponzi scheme attracting people with fast gains to pay the insiders ?

Nope, and the scheme is coming to an end.

>>16632305
this, honestly. BTC sucks and has some fundamental problems and can't evolve no more

>>16633970
>Complete noob here
yeah, you missed the point completely
it's a decentralized consensus network that people use for many different things
bitcoin wasn't going to sacrifice its node distribution for some short term benefit of increased throughput
it's important the network is easy to verify or we eventually end up back to where we are now with only the rich being able to verify and make rules for the system

Queue up the pajeet cragshilling.

>>16633507
>7 posts by this ID
>heavy damage control
>doesn't trade crypto but decides to post in a crypto thread
retard

bitcoinfaggots are worse than jews

mfw been in crypto since 2012

>>16632095
cute

>>16632033
Large traders are still going to rape the market to liquidate in a market with near-zero liquidity. They have to do this to raise fiat on the difference between their 3K BTC to 10K BTC to 7K BTC from when they spun the propellers on their hats and day traded the whole way down like faggots. This crashed shit with no survivors in the final week of 2017.

>>16633307
i wonder what makes a guy with your networth come back here and post in a thread like this
i would think your time be valued at far more than this place can provide
that is assuming it isn't the all too present larp

>>16632455
WRECKED, holy shit

>>16632839
speak for yourself dickshit, turning 5k into 40k will very much change my life. That would allow me to move out, buy a car and propose to my girlfriend. Get a grip.

>>16634816
>I'm just gonna blow my small gains
I know already retard

>>16632033
Nah I dropped 25k on BTC this year when it was 3500 bucks. Not touching it till 2025.

>>16634171
Everyone enjoys watching a train wreck

>>16634646
Was just curious what shit biz was up to lately

>>16632080
i dont even think txns correlate to price in any meaningful fashion? most people just buy btc and hold it

>>16632033
Your chart says bear market until halving
Why so hurry buying now?

>>16633156
what app/brokerage are you using mostly anon? do you invest in small businesses (ops) or just stocks

>>16635042
>train wreck
>7x over his sell point

>>16635833
That’s Schwab but I use Streetsmart Edge to trade (bloomberg-terminal like). I mostly trade stocks and options in various combinations while holding a large base of SPY (VOO).

I don’t mess with small business or anything illiquid other than real estate once in a while.

>>16634914
You're going to wait for it to hit $0 before you touch it?

>>16635992
Congrats, I’m sure you made it huge trading BTC, post your all time big guy.

>>16634914
Why are you waiting for your investment to go to $0?

>>16632033
Yeah... no.
This would probably be the case if BTC stayed actual bitcoin, instead of becoming the kneecapped mostly retarded frankenstein version that it is now.

Pic attached is the history of (Bitcoin) BSV.
This is way more convincing. Good luck.

>>16636145
Bitcoin hasnt changed.. the fuck are you talking about?

>>16636233
The fuck?..

Are you new here? I'm not explaining this again.
Lurk more.

>>16632666
Oh god checked nononono

>>16633640
Fucking kek'd

>>16634110
>node distribution

Is this what your node looks like?

>>16636145
Neat

>>16636277
>again
shit the fuck up. Let me guess? "dyor". I have some charts I can explain to you but fuck you. Stay poor.

Bitcoin is now a shitcoin, get out while there’s still delusional accumulators.

>>16633640
Why would both BCH and BSV go to 100k when they're both competing in the same niche? Hell, why would either coin go to 100k when ETH would absorb the majority of the Bitcoin user base if Bitcoin dies? When BTC was clogged in late 2017, it was ETH that absorbed the majority of the people who stopped using BTC, not BCH.