/biz/ - Business & Finance

>>18729844
not true
We will start the golden bullrun soon

>>18729844
As another oldfag I unironically hope you are right. I want this space cleansed and normies to be washed out. There is just no good alt projects in the space except for stuff like NYZO and CKB. Unfortunately, I think you are wrong and we are about to go into another major bubble. I hope you are right because I have a huge cash position and I would do anything to buy sub 5k BTC, it's just not going to happen and I'm not delusional to think it will.

>>18729844
As a newfag who was underage when bitcoin was created I frankly don't care if you're right or wrong
never selling

also Ulbritch is kind of a fag

>>18729844
>oldfag here

>>18729943
So you are going to all in now? If you really think that Bitcoin is about to break the triple monster resistance, you should be buying soon.

However, I think that's whats actually delusional. Halving hype is propelled by average joes mostly, and there's not enough money. I doubt rich people are going to buy now, they can afford waiting and buying at a margin after breaking out or just waiting for the correction.

>>18729965
>also Ulbritch is kind of a fag
kill yourself you piece of shit
He made Bitcoin famous

>>18729844
>Ross Ulbritch (certified oldfag) predicts 3k, then 100k+.
Huh?
He is in Prison for mastermidning the Silk Road

>>18729989
>NOOOO NOT THE HECKIN ROSSERINOOO NOOOOOOOOOOOOOOOO

>>18729965
Brokeboys like you don't matter.

Ross is trapped in jail for life, he has no agendas, and has been there for many halvings.

>>18730007
>he has no agendas, and has been there for many halvings.
Oh ok
so everyone who lived through 2000 and 2008 are experts in recessions and can predict when how and how hard they'll hit?
Just because he could look at charts when something happened doesn't give him any credibility

as a matter of fact I don't think anyone alive (or dead) can predict what bitfuck is gonna do next

>>18730056
Kill yourself you son of a whore, seriously
Fucking retarded zoomer dipshit, thinks again he knows everything

>>18729844
8k>3k>100k

>>18730074
>Fucking retarded zoomer dipshit, thinks again he knows everything
I don't know everything
but I know that you, me, Ulbitch, and OP, don't know shit

keep being deluded though

>>18730104
>but I know that you, me, Ulbitch, and OP, don't know shit
I agree

>>18730007
not entirely true. I'm willing to bet he has some btc stashed in a cold wallet somewhere. if btc can moon he could get his family to cash out the btc and buy a really good appeal lawyer to maybe get some time knocked off.

LOL at losers wanting a dump because they were too scared to buy at 4K one month ago

Of course we will go down again but you are just fucking losers

>>18729844
except we already had the washout collapse to 3.8k. We're now gonna grind higher before this thing breaks out to 10-14k

I would not be surprised if we triple bottom again in the 3-4k range. If it does I will buy more. The resistance at 8k worries me, the stock market bounce reversing and plummeting again taking bitcoin down with it worries me too. But I am not selling. Markets are incredibly irrational right now. Look at the stock market. And we are in uncharted territory with the fed doubling the money supply in a month. I am not taking any chances because I would be terrified to be all cash right now.

>>18729844
>implying 3k has any power left to scare

If you want fear, you need low 2k.

>>18730175
>I'm willing to bet he has some btc stashed in a cold wallet somewhere.
They'll have to prove that the BTC was acquired legitimately, if all of his BTC was silkroad profits and none from mining I think it'll just get confiscated

My dude WE ARE IN THE GOLDEN BULLRUN you're just traumatized.

I hope it drops to $3k because LINK will survive that drop while all the other shitcoins will get dumped another 99%. Then LINK rises to top 3 within a month after Bitcoin's drop to $3k.

>>18730175
1) His BTC is from selling drugs in silkroad. He cant use it to pay lawyers.
2) He can't buy, so why would he need this final capitulation for.

>>18730003
yep. its fucking ridiculous. this guy is drawing TA in prison and sending his mom his 'expert oldfag' opinions so that she can post them on twitter..... and retards are taking this shit seriously? the guy has been in prison for most of the time BTC has been around, like he fucking knows whats going on with BTC. jfc

>>18729844
>Once Bitcoin is dead articles start popping and everyone is frustrated, you go all in.

Based

>>18730003
mandela effect

Ross was arrested in 2013. BTC was barely a thing in 2013. it was a very different game anyway. (yes, I remember it.) whatever this guy thinks he knows about the ecosystem in 2020, he's wrong.

>>18730200
Yup its a bubble

I feel people are too focused on shot term. There are no real LT bears. Just short term bears, that want to buy cheaper, before the bull.
Prediction are
8 > 100
or
8 > 3/4/5 > 100
If it is going to 100K, then any price around now is good.
People are too fucking greedy trying to buy the bottom. And with all these people in Cash. Highest amounts of USDT on the sideline. THere is going to be a moment, where a lot of people are going to be left standing. There is not enough BTC for all people that want.

And if we are not sure what short term price movement is, then ladder in, or DCA.

We all know it’s going to do what we don’t expect it to do. I honestly think a bull run would be less expected now than a dump, thus the oracle says this is not a fake out. Hold the line boys

People should realize that even though we are in hardcore fear sentiment, BTC has rebounded 100%. Thats insane. Imagine the sentiment goes to normal, then positive, then FOMO.

For sure it might go lower ST. But there might also be a lot of short who are starting to feel very sweaty.

>>18731240
I’m long term bearish on BTC because mining rewards will go to 0 over time. The only thing that can save BTC as a secure blockchain is if the price goes up forever.

I’m happy to sit in cash and wait to buy up ETH and LINK at sub $100 and $2 respectively.

BTC is entering its first true bear market. This shit is just a risk asset right now. Provides no benefit in a deflationary environment.

>>18731428
Actually I agree. I mean LT bullish for Crypto. No t neccesarily btc. Even though it is "the one against which all others are pegged"

Personally, I am mostly interested in where 3rd gen is going. Cardano, ETH 2.0, Tezos

>>18729844
See you next at 100k

>>18731013
>>18730931
Or it can help you getting a more neutral view away from the noise.

The fundamentals of BTC are the same in 2013 or 2020.

>>18731428
You shitcoiners will get taken care of, seriously.

>>18732467
no. old fag opinions only carry weight because we've been trading BTC longer than most. Ross hasn't been trading BTC, he doesn't know the ups and downs. he's literally doing TA on this shit in prison.
also, the fundamental have shifted since 2013, by a lot if we're being honest. There's a reason it's had multiple major forks as we've discussed and determined what BTC is and should be. it was way more open in 2013. BTCSV is much closer to what the true vision was for BTC in 2013. there's a reason oldfags like it.

I'm not commenting on whether or not I think BTC will go up or down, I just feel the need to say that Ross doesn't know and his opinion is less valid than most of ours.

>>18731328
>But there might also be a lot of short who are starting to feel very sweaty.
what shorts ? the market has been over 65% long for over a week now

>>18732595
>no. old fag opinions only carry weight because we've been trading BTC longer than most. Ross hasn't been trading BTC, he doesn't know the ups and downs. he's literally doing TA on this shit in prison.
Bruh, Ross created the first use-case in the world for bitcoin and he traded it for like 6 years before he went to prison and he's been watching it since he went to prison. Don't be dense

>>18729844
>certified oldfag
>As another oldfag
this thread is the fucking gayest thing I've seen today and I just got done getting my ass plowed by my bf

Why all of a sudden this guy is a pro trader now? He can code but that's about it. He failed at mostly everything else, but now just because he was as involved with btc earlier than most he's the btc nostradamus?
Also I love how the biggest argument people have in favor of Ross is that he's in prison.
So fucking what? That makes him impartial? Or any good?
The fact that he's even doing TA behind bars proves that he is trading still, in which case he's no more than any other trader. Only he got caught by fbi for being an idiot

>>18732707
he's been watching it? how? he's in prison dude. he doesn't have internet access where he watches this. he gets updated by his mom.
also, he was not trading this for 6 years. BTC was introduced late 2008 and it didn't even have a price or anywhere to exchange it until 2010. Ross wasn't trading BTC anyway, he was hoarding BTC from silk road fees. he probably didn't create the silk road either, but that's another thread entirely.

based, and dont forget the Mt.gox selloff coming in july. Big whales will probably sell before that tho. People are delusional if you think we will moon like in 2017 with a disaster economy and lowest volume since 2016, haha. Get real folks, most people have left crypto

>>18732707
to be even more clear... in the early days, BTC was bought and sold on fly by night exchanges...but it wasn't traded. not like it is now. it was a completely different game back then. people weren't really flipping this shit back then and it really wasn't worth much of anything at all.

>>18732707
Creating a use case is not the same as being a good trader. Also,
>traded BTC for 6years before his arrest
>arrested in 2013
>so good at trading btc he traded it before it even existed

You people are either retarded or Ross posting behind bars

>>18732778
>hurr he's drawing TA with his pencil so it must be good
I don't know why but recently biz is full of ulbricht suckers and it really pisses me off

>>18732836
people really don't understand what the ecosystem was like back then. it barely existed. I don't think there were any exchanges until almost 2011 iirc, and they were shady as fuck and were "hacked" every other day.

bottom line is that we´re not gonna start a golden bull run again without normie money. And nomie money aint coming in a economic downturn. They need money for rent, food, alcohol and drugs to cope. The last thing on their mind is bitcoin

>>18732909
mtgox started trading btc in summer 2010

>>18731240
btc is long tem bearish you mook, because btc is fundamentally flawed. There is several research papers written on why btc is flawed, but I guess you haven´t read them?

>>18729943
How the fuck did you not buy when we were under 5k like a month ago.
Face it you’re a scared fence sitter, hence why your an old fag who hasn’t made it. Even if another under 5k opportunity arose you’d sit in cash like in the past. You are the weak hand.

>>18729844
Didn’t read your post but I do love this pictures of twitterfags getting rekt

btc is only failing more and more every day. Time is working against bitcoin, not for it you morons. People will after a while realize that BTC is a dead end. It can´t become fast, and it can´t work without block rewards that are being halved to nothing. Time it self is working against btc and people are starting to lose more and more hope as the hopium slowly runs out. Look at the goddam chart. 20k was the top, I´m sorry you didn´t sell.

>>18732989
that's earlier that I would have guessed. I don't remember exactly what memories I have are from what month/year, but I know the pizza transaction was early 2010.

man the amount of cringe in this thread
>i'm an oldfag myself and bla bla bla

>>18733090
the crazy thing about that time is that BTC was " trading" for about 0.0006$, or at least it was what seller using paypal were asking
as soon as mtgox announced to start trading BTC the price 100x to 0.06$

The bottom bottom line is that the world is now consumed by fear and uncertianty like never before. And in fearful times, people don´t flock to speculative assetsm they flock to something that is safe. No matter what you bulls say can change that fact

>>18730215
>>18730840
You are naive children that have obviously never been involved or around crime. A) his family can cash out via crypto ATM’s B) you can sure as shit find lawyers that will accept cash if they are too dumb to wash the money (which they aren’t considering the dude can code). Stop falling for kike propaganda that they are an all powerful entity that monitors every cent and word spoken by the American public. I’ve seen shit you wouldn’t believe in the drug game, believe me money talks in courtrooms and on the street.

>>18732897
>>18732778
You don't need to "watch it" and "do TA" to predict major price moves
All you needed to do in 2018 was hear "$20k top" and be able to reasonably assume about a $4k bottom, or drawdown of about 80%
Or hear "$13k in summer 2019?" Probably too high and too early yet, expect a return to the mean
That's the way I "trade" myself, hardly ever even looking a charts just checking the daily price once in a while

Just like this time around, with the halvening coming up this throws a wrench into things, but normally you would simply think "hmm, worldwide recession going on and major stock crash, plus btc on an upward weeks long winning streak with no corrections?" Probably time for some downside after fighting the $8k resistance

>>18733203
>triple monster resistance bro

>>18733838
I agree with all of that. desu, it's easier to trade BTC on long timeframes if you aren't plugged into what happening with it on a daily basis.

All I'm trying to say is Ross isn't any better at this than anyone else. he doesn't have inside knowledge or a special knack for trading BTC just cause he ran Silk Road. his opinion shouldn't be valued by anyone above their own or anyone else's. if he was actively trading with his silk road coins, then I'd listen to what he says, cause he'd actually be able to move the market. he's not though.

>>18730182
Kek this. Btc will be 2-3x up on the year for 2020 and the moon will be in 2021.

op is a faggot. sage

hey guys we are holding a huge airdrop. http://cronoscoin.org

>>18729844