/biz/ - Business & Finance

>>18281844
It literally can't. People put their assets into bitcoin right now.
https://bitcoinist.com/bitcoin-price-will-double-in-6-months/

>>18281844
it will inevitably dump
and then dump for real to 1k

>>18281844
Patience anon, it tends to crash after pumping then it will dump
>>18281854
>people put their assets into bitcoin
>whole world chasing liquidity and safe assets
>investing in a digital currency that lost nearly 50% in the span of a couple weeks
Kek you should get your news from somewhere other than “bitcoinist” and people heavily invested in it

>>18281864
>I like to shout random numbers.

>>18281844
tether machine is going BRRR BRRR

>>18281864
yes but why not now?
it almost always dumps on weekends

>>18281844
more demand, check the solid data/facts

>more active addresses
>more new addresses
>exchanges talking about increased new signups

>>18281922
yeah i noticed this too, but the streak has to end someday

>>18281922
It’s not even in midday in Europe yet anon. European hours are almost always giant nothingburhers which sucks because that’s where I’m at. It’s the American and sometimes Asian hours where the real action occurs, almost always when I’m asleep as well even though I tend to sleep late.

>>18281864
>>18281934
>>18281922
You will not make it

>>18281973
Eurofag here, can relate. All the action, pumps, dumps happen between 2-10 am GMT +1

>>18281899
All that happened was weak hands “de-risking” their portfolio of what they perceived as their highest risk investments. Just another shakeout.

>>18281994
Yup literally. And all this volatility recently it’s fucking affecting my sleep honestly.
>>18281979
>you are here
>stealth phase
What did he mean by this?

>>18282001
And you think they’re now going to pour back into one of the riskiest assets out there while every analyst and economist is saying they don’t know how long or how deep the inevitable corona-induced recession will be other and that it all depends on the virus abating? The “strong hands” (strong, weak hands one of the dumbest memes in crypto that people take seriously anyway) you’re talking about anon are long time hodlers, people who’ve already poured lots of their money into crypto. Perhaps they won’t sell, but they can’t buy much either

>>18282001
No, weak hands "derisked" between 5k and 7k and are waiting to re-enter the market or never looking back. The real dump to 3.8k was literally a handful of rich fags including the 1m Chainlink whale cashing out.

>>18282042
Not yet. But eventually, yes. I buy all dips when able.

>>18281979
dude we are literally in the "return to normal" fase

>>18281864
Probably the most bullish signal in crypto for the last few years has been people calling for 1K btc

>>18282087
>eventually
And that’s the keyword anon

>>18281922
It has dumped on the past few weekends and it would be logical it would dump this weekend as well, which is precisely why it won't. Expect it to dump on Monday or Tuesday. That major dump will happen some time before the halvening, my bet is 1-2 weeks away.

>>18282152
>>18281922
Yeah exactly, it tends to dump hard on Mondays as well if the weekend has been crabby which so far it is

>>18281994
Same thing here UTC+2

>>18281864
I hope this actually happens.
Shitcoins would get completely murdered.

>>18281979
> 2020 bitcoin
> stealth phase

Finally big red dildo, almost time to buy

oh thank god, it's finally starting

>>18282334
>not waiting for the real dump on Monday
But at least we’ve got this process started