/biz/ - Business & Finance

>>17844646
Buy my bags the thread

>>17844646
update the chart retard. it's been violated. it's not valid anymore!

Hahaha, we haven't bottomed at all.

Depending on market conditions I'm a buyer under $2000 or so. Above that the risk reward (including risk of losing out on a much better price) is a bit fat lol.

You have the perfect storm - assets are getting sold and positions liquidated as the global bubble shrinks like Costanza. That will mean whale liquidations. Global pay is also choking off over the next month and there are plenty of poors who have spare money in bitcoin. The choice between "hodl bitcoin" and "eat/pay my rent" is going to be resolved in favor of the latter in the non-crazy (when do we get our first bitcoin anorexic?). Then you have the Asians.

So yeah, I'm waiting for $2K so I can out-hodl the hodlers.

>>17844736
I already did, I hope you sold.

>>17844788
This is a different chart, dude. It says that the bottom is around $1,500~2,000.
Not gonna happen though. Once it hit $3,000 it's unironically over.

not until all the bulls have been flushed out. Once they've all been slaughtered, expect crypto and metals to pump while the USD does it's impression of mid 2008 ZWD

>>17844841
>>17844797
>>17844788
>>17844736
Under $3k and Bitcoin will be worth NOTHING.
No Miners will mine it, Bitcoin will be DEAD.

>>17844646
My problem with this chart, right off the bat, is that There are really only two data points: Cycle 2 and Cycle 3.

Cycle 1 is obviously incomplete. We went from informal trading to exchange trading, but BTC already existed prior to that point.

Cycle 4 hasn't actually completed yet.

Then, when we examine Cycle 2, it may have been the case that this one was abnormally short due to Bitcoin becoming exchange traded for the first time.

That leaves us with Cycle 3. And I don't see any reasoning why the cycles should get longer when the actual supply reductions are predictably evenly spaced. If you follow the model out to the next halving, it would occur at an awkward time.

My wallet is worth about 500$ atm, dropped about 50% (I own XMR, ETH and BTC). What would you do? Recover my 500$ before they're gone or just wait and fingers crossed?

>>17844925

debunked with just 1 sentence
cost of production
We have bottomed.

>>17845101
>My wallet is worth about 500$ atm, dropped about 50% (I own XMR, ETH and BTC). What would you do? Recover my 500$ before they're gone or just wait and fingers crossed?

ride it out

>>17844925
yes it's pretty silly to try to find multi year pattern in a 10 year old market

>>17844899
Holy fuck dude Bitcoin has been out for 11 years and you still haven't heard of the difficulty adjustment yet?

>>17845155
mining cost doesn't determine the market
seller never determine the market

>>17844646
Dave the Wave believes a break below $3.3k invalidates it. We still have lots of room to dump.

>>17844899
boots is that you

>>17844899
how can you be this braindead

>>17845338
Yes, it's me Sapog

>>17844646
> didn't predict the 2019 run
> didn't predict the Jan 2020 run
> accurate
hurr durr

>>17844814
mirin

>>17845581
go lift ronald

>>17844646
TA predicted this.

>>17844814

Never post your position here seriously we are data mined. I know it sounds crazy and its not like The Mex can't already see the orders but its not ideal. That being said I hope you make it man

>>17845155
Agreed. Sellers make the market in BTC, the miners are a large portion of the sell pressure to pay for electric costs etc each day. The halving is going to literally halve the sell pressure. Idk how much it will dip in the short term but it can't go too much farther for too long. 56 days