/biz/ - Business & Finance

>>17520112
bobos are

>>17520112
If you think that's I wonder what you'll think 45 minutes from now.

>>17520117
Making it means at least 100x gains for most people here. The most you could hope for as a bear is like 2-3x. You're not going to make it either.

>>17520112
If you think that's bad, I wonder what you'll think 45 minutes from now.

>>17520112
you expected it would go up even though it's horribly inefficient shitsandwich?

>>17520447
Crypto was the only hope I had. There's literally no other way to make it when you're poor.

>>17520112

Volume is crashing. The price is currently quite irrelevant. People aren't selling in large numbers, that already happened. We may drop another 10%, it doesn't matter. Volume continues to drop, so we will see a bounce in a few days.

>>17520750
Why would the price go up if volume is dropping?

>>17520140
so anon what was i supposed to see?

>>17520771

It's a signal that people aren't panic selling any more. The initial drop was huge. Like 50 billion BTC volume in 1 day. Now, we're at what? 20? Less? And the price isn't going down very much. We keep seeing higher lows. This means that not only are less people selling, the people buying are moving up their buys because they are worried the coins will take off again without them having bought in. Naturally this results in people going full FOMO, resulting in a rebound.

The real questions are
>how hard will we rebound?
>how far will we fall after?

If you get good at predicting these things, you can easily increase your stack relatively safely by 10, 20 or even 40% on the really big swings. The main thing you have to keep in mind is that you need to keep your greed in check. Don't try to sell tops, sell trend confirmations. Don't try to buy the absolute bottom, buy in at acceptable profits. That way you don't get rekt easily or as hard. Losses can be recouped if you manage them.

>>17520872
>We keep seeing higher lows
it's making a lower low as we speak

>>17520922

Are we really? Volume is less than 1/4th of a few days ago and the price is barely moving. I don't see it dropping another 500 convincingly.

>>17520112
Nigga we were around 7800k just 2 months ago.

>>17520694
there are other ways, but you'll have to actually do something.

I wanted to say that BTC is a crap, crypto in general is still something that has potential.

>>17520112
>not shorting this dead dinosaur piece of shit
hahahahahahahshahaha cuck

>>17520112
i know.. i think i will stop browsing /biz/ for a while, every day for the last month i have just lost money, i have an awful low leverage long position on BTC at +10K entry, liquidation is 6.8K..

Even if we "bounce back" the market would still look like shit, there is no scenario where we could go to 10K in this month without it being an obvious short, any consolidation and support we have made on the way up has been wiped out on this downtrend - literally no support at any point between 10500 and 8500.

>>17520968
yes lower low just made

>>17521411
..and as i am posting this, we have now broken 8400, this will be the 7th red candle on the daily, one entire week where each day has closed bellow the last, and the daily highs of each day has been lower than the daily high of the previous day.
fucking ridiculous.

>>17520112
It's not fucking bouncing. AAAAAAAAA

I bought back in at 8490
Should I sell again
fuck where is the bottom?!

>>17521411
Dude why didnt you fucking set a stop you dumb fuck? When you saw it rejected 10k why didnt you get out? When it broke that support at 9500 you should have gotten out. Dont blame a decentralized collective of autistic people with varying opinions on your own mistakes. You shouldn't have been so long in the first place.

>>17520112
over for you maybe I'm waiting to buy cheapies!

>>17520117
Not even whales can stop bobo

>>17521530
>When it broke that support at 9500 you should have gotten out
This. If you didn't realise 9500 was a major support and it breaking meant it was curtains then you deserve to lose money.

Man this is a pathetic turn of events for bitcoin. Just a fucking slow dump without a single rally. OVER for bitcoin.

>>17520112
speak for yourself, I've been loudly speaking out about what a dysfunctional shitcoin BTC is for years
only Bitcoin (BSV) will survive

>>17521552
over for BTC, not for Bitcoin

>>17521568
How is that piece of shit pumping

When the fuck do I buy? I have been thinking about buying my first bitcoin since early January. Almost bought at $10,500 lol, now this. Where is the bottom?

So support since dec is busted. Next stop 7500. Rally confirmed for fake out.

>>17521660
best time to buy Bitcoin was a year ago; second best time is today
also, BTC is not Bitcoin, Bitcoin is currently at ~$225
>>17521606
Bitcoin will inevitably become the most valuable asset due to the value of money as expected future utility; get in while you can

>>17521530
>>17521549
i thought it would consolidate at the previous plateau at 9.2-9.5K, and then it would eventually continue with the uptrend - i did believe that the bear market that has been going on for the last two years was over.

I was wrong.. also, i only trade with the trend because i don't set stop losses, so far i have had great success with this because you don't get have to worry about sudden volatility to trigger you sl.
only problem is when the trend reverse or you misinterpret the macro trend (which i may have done in this case)...

>>17520750
hash rate/price also confirm that 8500 dollars is the bottom for mining farms to survive right now, like was 7100 in nov 2019 and about 3100 in nov 2018
they say it will be about 10100 the minimum ever after the halving, alwyas minding current/near future hasrate

>>17521714
miners will abandon BTC en masse very, very soon

>>17521703
>best time to buy Bitcoin was a year ago; second best time is today
I almost bought in 2013 and almost bought June 2017. This is me finally FOMO'ing in.
>BTC is not Bitcoin
pic related

>>17521714
miners will abandon BTC en masse very, very soon

>>17521826
buying BTC is the most moronic thing you could possibly do right now, price is about to plummet to zero and miners about abandon it completely
Bitcoin on the other hand is where you should be investing your money

>>17521863
>>17521879
Just LOL, I thought the price would go to zero since my buddy told me about it in 2013. Price might go back to $3k, not $0.

>>17521863
Yes segwit flaw soon exposed
Millions of BTC will soon be dumped
Mass miner exodus soon
Atleast its good for giggles

>>17522008
Expose it yourself then, dipshit.

>>17522039
Im not making claims about it being flawed x)

>>17522008
>>17522049
>Yes segwit flaw soon exposed
>Im not making claims about it being flawed x)
Thanks, I forgot why I stopped coming here.

>>17520112
jokes on you i'm shorting eth

>>17521979
learn about the fundamentals of how the Bitcoin network is supposed to work compared to how the dysfunctional shitcoin BTC works
I repeat, it's going to zero; $0

>>17522390
imagine thinking BTC will go to zero in 2020 lmao what a joke

>>17522472
imagine thinking that it won't, lmao what a clueless moron you'd have to be

>>17522489
ok loser

>>17522523
$8500 now and still descending

>>17522600

MOMMY

>>17520968
it's the weekend, stock markets are crashing. This is simply the calm before the storm, BTC going down to 7.8k tomorrow.

>>17520112

>>17522600

Oh no it keeps crashing from 0 to infinity

>>17520112
Stong hands mothefucker

>>17522997
to 0, not from 0

>>17521703
>B-bitcoin is currently at ~$225
LOL Calvin’s among us fucking that pig for all he’s worth

Pic related. It’s Bitcoin and he hasn’t seen $225 in YEARS

8600!!!