/biz/ - Business & Finance

it's over isn't it

>>16676795

do you have a more recent version that's a pre 2019 graph no?

>>16676795
Almost there...

>>16676795
DELET THS

>>16676947

>>16676927
Yes it is.

>>16676947
are you sort of confident or 100% confident that the graph is from before 2019?

>>16676993

Fake news, I'm out.

>>16676993
According to this graph it could reach 1 milli, but in 203something.

>>16677031
it's actually truth we literally retested the underside of the lost upptrend
this shit look bad

>>16676993
OH NO NO NO NO

>>16676993
So... Is 2020 the year of Bitcoin?

>>16677063

yup and this guy in pic related knew it before it happened so what's next?

>>16676993
Redefined it a tad bit.

>>16677063
A trend ends and a new one begins. Each bubble of Bitcoin has gotten longer from bottom to top. If it took 4 years from 2013 to 2014, it should approx. take 6-8 years for the next top so 2023-2025 and then 8-12 years for the next bubble when bitcoin reaches a million per coin in 2033-2037.

By 2040, Bitcoin will be used by just about everyone, the scaling solutions will 100% be refined, and USD will no longer be the world currency of choice.

>>16677604
2013 to 2017*

>>16676795

> He thinks it's the stock to flow that makes the BTC price.

Enjoy your bags retards.

>>16677604
>By 2040, Bitcoin will be used by just about everyone
You're so retarded from huffing hopium, you're adorable.

>>16678053
> matching time frame
damn that's impressive

>>16678053

Once the 2019 rally was verified to be a bulltrap/dead cat bounce, 6 years of bearcrabslug market is in store. Everyone is way too hopeful. There has not been a true capitulation yet. 2023-2025 will be the next golden bull if bitcoin can even survive until then after revisiting triple digits again.

Most will lose hope. Even the whales that manipulate the market will be caught off guard and go broke. The crypto industry is in dire need of a shakeout, and that is what is in store. You should expect the next 4 years to be an era of redistribution as the whales go belly up and dump hundreds of thousands of bitcoin on us. You'd be wise to accumulate and stay very patient.

>>16678256
Along with this long, unexpected bear market for crypto, traditional asset classes will boom. There will be no recession as so many hope until further down the road. That will likely be when bitcoin finally, truly goes to the moon.

>>16678269
Based and thank you for sharing

>>16678269
We know what to do now.

Accumulate little by little, but pick up the pace more in 2021-2023.

One post that said Bitcoin will go so low, that everyone will say it's over and by over, they mean completely obliterated, but it will survive.

The reason I think that it was a bulltrap was there's no refined scaling yet. A big drop to below 1k would be excellent. Hasn't been blood on the streets just yet.

>>16676795
>"History repeats itself!"
>"Keep buying! It can only go up!"
>"Why does it matter if it's useless as a currency and isn't even good as a gold storage. We'll all be rich! Just look at the charts!"
>"I mean look at the stock market! It keeps going up! So will my monopoly money!"
Delusional cucks.

>>16676795
Using linear regressions instead of power laws/series regression. Learn econometrics or GTFO of my board

>>16678375
>He still doesn't understand it
Honestly at this point you're just lazy

So wait about 6 months then go deep into btc? You’re forgetting the game changer chainlink.
>10000000 eoy

>>16677604
Cope

>>16678375
>

some poor faggot is reading this right now and is getting discouraged, BTC was their way out of poverty. if you're reading this - don't listen to these assholes and lurkmoar.

>>16678583
BTC pumped over 1 billion percent since first available for USD so for sure it was the way out of poverty for a bunch of peoples
but is it possible that they're just too late ?

>>16678365

Yep. As happy as I was to see that massive green dildo on Apr. 1, 2019, something just didn't feel right about it, particularly having experienced the 2013-2017 cycle from start to finish. I remember standing in my kitchen this past May, having a discussion with my girlfriend about it likely being a massive bear market rally and deciding I was going to sell between 13 and 14k. Too many delusional bulls were out in full force. Too much "we'll never see $5k, 8k, 10k again" bullshit.

Even after the big summer fall to where we are at now, I still see the majority of people clinging to the idea that the bull is just around the corner, surely the halving will make everything fine. B.b.b..bbut bitcoin has done this before, twice even, so surely it will do the same now! Ha

I'm an oldfag compared to most here. I've been neck deep in markets and their psychologies for 12 or 13 years now. If I've learned anything during this time, at least on the macro scale, both individual and group delusions run so deep that whatever you think is the reasonable end-point, bottom, or climax, add another couple doubles and extend the timeframe by 2-3x. Yeah it isn't a perfect system, but it's a rough tool to avoid getting fucked entering positions way too early.

Essentially, if you hear "W-shaped double dip recession, new normal, buy gold, buy guns, buy bonds, get out of equities" then you buy, buy, buy nothing but stocks using every fucking line of credit you've got. If you hear "muh recession is coming, this is the longest expansion ever, the Fed is running out of options, buy gold, buy guns, but DRUMPF!!!" then keep on buying, sit back, and relax because the DJIA is going to 50k and any equity bear has been put off for another half decade or more. Crypto, same fucking deal. Sell into strength, buy into weakness...but you gotta let your winners run, and avoid those falling knives.

Fugg it.

>>16678624
>thousands of BTC being lost daily
>DEX's on there way to mass adoption
>halving right around the corner
>blockchain tech being integrated into big companies
>BTC is the most scarce digital asset of all time
>BTC has never failed to reach its previous all time high
>BTC has never failed to pump again
>BTC has been around for 10 years
>10 years
there is no top you fucking moron. think about it. global deflationary scarce asset in the digital age. if someone came to you and pitched this idea 10 years ago you would have laughed but in the back of your mind you would have realized IF it were possible, it would be the most valuable asset on the planet. guess what? it exists. think. about. it. guess what else? nothing about it has changed other than it has become more scarce. this isn't TY beenie babies (which were mass produced thus losing there value, BTC can't be mass produced - like fiat) this isn't some fad. This is new money, better money, and there isn't alot of it to go around. t

>>16678653
Great insight and experiences mate. I remember buying back in 2013 and buying electronics with it, but it never dawned on me how it was related to the performance of other markets until watching the price go to 1k and then back down and then up again. Ethereum emerged and so did more investors and buyers. This time around with more people involved, the bubble is going to take a lot longer to rise again. Halving doesn't necessarily mean the same this time around.

> if you hear "W-shaped double dip recession, new normal, buy gold, buy guns, buy bonds, get out of equities" then you buy, buy, buy nothing but stocks using every fucking line of credit you've got. If you hear "muh recession is coming, this is the longest expansion ever, the Fed is running out of options, buy gold, buy guns, but DRUMPF!!!" then keep on buying, sit back, and relax because the DJIA is going to 50k and any equity bear has been put off for another half decade or more. Crypto, same fucking deal. Sell into strength, buy into weakness...but you gotta let your winners run, and avoid those falling knives.

100% right. I might print that and frame it lol
We're hearing the latter about a recession and the problems with the Fed handling their QE and interest rate adjustments.

The bottom is far from in, but it is coming like it always does.

Bitcoin bear market has just started. It won't end for a few more years.

>>16678653
>>16678777
samefag

Btc is not correlated to traditional markets. At all. The implication of this fact seems lost on some of you guys. Stonk indices could literally go vertical and btc could STILL tap a milli. That's non-correlation. What one asset class does do not affect the other, non-correlated asset class. Bitc bottomed at 3200. There was PLENTY of blood in Crypto Street, believe me, I was there, buying it with my own two hands.

>>16678837
Whatever makes you feel better.

BTC bull doesn't start 'til 2022 at the earliest. Cope.

>>16678256
possible scenario. it really depends on how deep the miners pockets are. if they have enough reserves to hold and not shut down or 1st spend then we'll get another bull run. if the miners really fold, then we get a huge crypto winter.

>>16676795
every new bitcoin chart I see has the slope of these lines lowered. It's really funny to notice.

>>16676993
HAHAHAHAHAHAHAHHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHHAHAHAHAHAHAHAHAHA
FUCKING COREKEKS BTFO

Saving my money for $1000 bitcoin.

>>16678653
Thank you for sharing your wisdom and analysis. I will try to remember it. However I do feel you are underestimating certain monetary trends. Trust. USA has accelerated the weaponization of SWIFT and other international financial institutions. LIBOR, GFC, rogue state tactics in ME, confiscation of sovereign gold reserves by london and other such abuses of international norms. as it stands the world has been happy to absorb our inflation and buy our treasuries b/c we were stable. the world, eg china, russia, south america are growing very fucking weary of this rogue state bullshit. our nation is entirely run on fantastical lies and we just expect everyone to keep going along with it. soon as china gets its act together and will act as a good steward of private property its over for us.

>>16679989
towards that goal, china has established a blockchain court where code is law...

>>16678940
bitcoin has had a 10 year bullrun alongside the stock market.

>>16678696
Based and redpilled

>>16676795
>He thinks it will go up exponentially

>source: Reddit

Artificial scarcity

>>16679989
The rest of the world could give two fucks about any of those backwater literal commie, mafia and nigger run countries.

>>16677604
>thinking the USD being reserve currency is good for the US

lmao

>>16678696
>Good money will crowd out bad this time!

Gold bugs are turbo delusional. And yes, BTC hodlers are gold bugs for the digital age.

>>16678053
Not many of these young fags know what happened 2012-13 with gold

>>16680963
name a country more overrun with crypto fascist commie, deep state glow in dark mafia, and niggers than america? anytime ma dude...

>>16680970
>the state of biz

>>16681024
>the absolute state of Zerohedgers

Reserve currency for the US was about extracting political power in exchange for economic concessions. We're no longer getting political power so we're not gonna be providing any more concessions. You didn't really think this new philosophy of politics was going to end with Trump, did you?

>>16681044
que? you think being the only nation in the world that can print it way out of debt isnt a political/economic exchange?

>>16681020
Holyshit nigger american bonds are snapped up in seconds because the world has faith in America's word to repay them.

Not many have faith in Russia or Chinas current governments to keep their word. They literally genocided 150 million+ of their own people less than 100 years ago.

Fucking retard

wow moon soon