/biz/ - Business & Finance

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>>17150667
You are getting front run brother

>>17150667
It did behave like this. Have you done a minute of reasearch?

>>17150667
it did though?
BTC went up like 100% or so before the halving in 2016.

>>17150725
>>17150727
But the shitcoins at the time didn’t, did they?

>>17150748

Everything went up. Everything. It was a rediculous moment, tonight isn't even a taste.

>>17150667
we are pricing out the bulls.
as >>17150712 mentioned, this is called front running. macro, medium, and even micro patterns are always arbitraged out of the market. if everyone can see it, then it either gets front ran, or massively over performs in the expected direction.

meaning, not only are we going to initiate the bull cycle much earlier, but it will be dramatically more violent on the way up, reaching numbers well above 100k.

at that point however, most people would have sold, and most people left are unlikely to sell, even if it the price reaches 500k-1million, as silly as those numbers seem. that is when giga-whales and -all- bitcoin miners will initiate dumping final reserves.

>>17150667
Because the halvening already failed, you are just watching a last run before everyone gets the fuck out of crypto. Money lauderers, drug traffickers, child porn marketers, they will all get fucking REKT and I know this.

>>17150748
ETH went from under a dollar to like $26 in the run up to the halving.
you have to remember most alts didn't exist back then. most are from 2017 kek.

>>17150748
Alts are irrelevant. Bitcoin is the tide that lifts or sinks all boats.

I really regret not buying more over the last few months, I could have had an extra BTC or two. I've still got enough to hopefully become a millionaire but it'll be a nail biter those last few tens of thousands in price.

>>17150763
who in their right mind is going to sell bitcoin at 1million? trading for stocks or real estate maybe. but at that point why the fuck would you cash out from an asset that went from $0 to $1 million in what 15 years (next halving) ?

https://www.trustnodes.com/2020/02/08/40-banks-apply-to-offer-bitcoin-and-ethereum-services

Still thinking of shorting?

>>17150821

I fucking wish I had bought more.

Now I'm torn between spending thousands I wouldn't have had to spend if I bought 6 weeks ago...or that being pennies to what I'll miss out on if I don't.

>>17150667
people

>>17150850
Ultimately it's still worth buying, but keep in mind it might drop low again. Now's probably not the best hour to buy, maybe wait a bit. Or if you can't wait, just drop a few hundred now and wait on the rest to see which way it goes.

I figure BTC will definitely hit a quarter million at some point, so buying now or last week is ultimately inconsequential, considering how much it's still going to skyrocket.

Corona

>>17150667
It behaved exactly like this

>>/biz/thread/S1214767#p1217266

>>/biz/thread/S430845#p431216

>>17150824
mining companies with operating costs, shareholder pay outs, etc.
bitcoin at million also means mining that bitcoin is far more expensive than is currently, because of the difficulty adjusting to hashpower competition to acquire mining rewards.

>>17151054
this anon fucks

The global supply chain is getting fucked in the asshole with no lube by corona virus.