/biz/ - Business & Finance

we r all finaa make it

>>18812589
Bitcoin is about to explode in the next few weeks.

>>18812589
Yes

we're about to witness a mega pump

>>18812589
Since everyone thinks it’s going to go up it won’t

15k this summer.
Go back to 8k autumn
17k EOY

>>18812608

I wouldn't predict this but its possible.
All i can know looking at that chart is that it suggest that around 1-2 years from now we will be wondering why we didn't buy more today.

I see a case for 12-16k top by summer before big correction, as well as a scenario where it crashes back to around 6-7k after 10k before a moon.
but i dont play such move, too risky for me. Just focus on longing any big dips now never short.

opposite of shorting ever top in bear market and never longing

>>18812589
So let's get realistic. I believe that the previous post-halvening rally was a 'perfect storm' of media/normie attention just at the right time, and unfortunately I don't think we will see a repeat of it. Sure, there could be a smaller bump due to interest from more knowledgeable investors during the time of the halvening, but new highs at 100K? Does anything really point to a December 2017 -like boom, save for some nice chart patterns? People tend to see patterns where there is really nothing but coincidence.

Bitcoin will never go over 20k

Cap this and cope all you want

>>18812633
unironically this.

Also BTC is slaved right now to the general market and anyone expecting a V-shaped recovery is a brainlet.

>>18812744
Getting attention and planting stories in the media is the easiest part. Any whale can pay for it. And it only came because the price was steadily going up.
The question is whether the wash trading bots can still bid the price up without losing too much money with all the participants trading it now. Takes longer to steer the ship now.

>>18812744
Stock-to-flow. Not just a chart pattern but a hypothesis on how bitcoin is valued. Absolute scarcity of a financial asset has never been achieved until bitcoin.

>>18812589
If you're a retard, yeah. Big drop soon

>>18812769
>>18812589

Fucking hell!

>it's gonna hit $1million!

I was the guy who told you all to buy Ethereum back in 2016...it's gonna happen, the sell off/correction is real.

The perfect storm is upon us.

>>18812858
>>18812744
Just to give example of media shenanigans in 2018:
>Some fucking noob insider market buys 600,000 stellar then I believe market buys ~200,000 a bit later.
>Segment on CNBC runs the next day.
>Market sell dumps a bit after the video once price went up
pic related
vid is here but you have to scroll up:

https://twitter.com/CNBCFastMoney/status/951594027132051457

>>18812872
I believe number go up but my jimmies just doesn't believe in the model. I think it will be invalidated.

>>18812872
gold is dumping and so will bitcoin. The store of value meme will not work in a global liquidity crisis

Also btc is more like a speculative investment right now

>>18812959
It is just a model but it’s hard to ignore. But math is there with a R-squared of 99+%... The risk/reward is so insanely asymmetrical it would be dumb to not own any btc

>>18811400
imo the following is best:
buy bitcoin now!! no buy it yesterday!
hedge on a futures platform with a short position equal or close to equal to market value of your btc cold stores on margin.
choose your leverage so stop hunts and dips don't bother you!
if bitcoin goes down you are hedged, if bitcoin goes to $100k tomorrow you blew your account but your cold stores mooned.

you need to be ready for immediate hyperbitcoinization! because the s-curve is going steep soon.

>>18812967
I think bitcoin will fair far better than most assets in a liquidity, or insolvency crisis. Your average bitcoin hodler believes in saving of money. So hypothetically they have less debts to service and be in a position to continue to hodl rather than sell off

Can I suck your cock?

>>18812926
I sadly reduced my stack from 2 BTC to 1.5 during the crash to buy some puts. Will I make it? My target is 100k or above. Would market sell everything at 500k.

>>18812633
>implying everyone isnt saying that halving will dump it

What are your price targets for Dec 2021? I'm aiming for 60k

>>18813449
119,000

>>18813281
bruh institutions are the ones selling

average joes will always be a source of liquidity and nothing more. This is a zero sum game and for a large player to exit many small ones will need to buy high

with the new generation mining gear, breakeven price can be reduced to 2k-4k for miners with cheap electricity costs

I suspect halvening will be a pump and dump for strong miners to wipe out weaker ones to accumulate low one last time before btc and gold becomes safe haven post liquidity crisis and hyperinflation starts to take effect

>>18813449
100k

>>18813586
>with the new generation mining gear, breakeven price can be reduced to 2k-4k for miners with cheap electricity costs

You're a newfag and you don't know shit about difficulty adjustment. I tried to get into the mining game back in like 2013.

the fomo is real. but i dont want to buy now. hoping for a dump to 6k or something. fuck. not gonna happen. even buying at 8 or 9 isnt that bad if it goes up to 12 or more.

>>18813631
How many dumps to around 6K do you need? Would be the 7th in 4 years. The region between 3k5 and 6k8 is now solid support, don't see much able to break it.

>>18813631
It's gonna dump to 5-6K and crab along there for months. It's the dreaded corridor

>>18813704
yep, wave e

>>18813665
i only just started looking into crypto. missed those last 4. prob dont deserve a 5th. so youre right. hope you guys make it.

>>18813816
Don't worry about it I think there'll be at least one more dip, probably more.
Bitmex smart money haven't even flipped long yet.
https://btctools.io/stats/leaderboard

I'm conditioned to think high 6k is fair price. But will only buy on margin at those prices now.
I bought more spot during the 3k / 4k dip and held.

>>18813344
Congrats you're a retard

>>18812589
>Imagine thinking BTC is just gonna shoot up magically 1 day after the halving.
It's never happened that way. We won't see insane gains until at least August

seems like bitcoin is directly correlated to the regular markets, when SPY dumped bitcoin dumped.

>>18813962
Yep. Thinking about ways to trade back to my old stack without risking more.

>>18813977
Open a CC on trading view. They are not correlated.

>>18813997
Hmmm try doing the opposite of what you do, because you're a retard. What is your next retarded thought?

>>18814025
Holding my worthless puts until expiration, never selling any of my 1.5 BTC. Then I will take 100€ to buy mini futures on BTC for a 2X return. THEN I will buy more bitcoin from that and use those Bitcoins to either trade with 2x leverage on Bitmex or writing options on derbit.

>>18814082
Well a broken clock is right twice a day.

>>18814132
So my strategy is not that bad. Is that what you are saying?

>>18813203
hedging on a futures platform with a short position sounds like a pretty good idea. how much would a small short like this cost to run compared to the cold wallet total worth?
Either way it is never a bad idea to own land if you can find smart buys. Also holding a small position in gold/silver is never bad to have a hedge, maybe its a boomer mindset and btc/crypto will destroy this as the greater hedge...but for this to happen crypto would really have to take off and the hedge served its purpose either way

>>18812589
Covid-19 unironically set the next and last bullrun for BTC. It's kind of insane that the one thing that needed to happen that was VERY unlikely to happen is happened.

BTC will be the normie escape from the economic devastation that COVID will have caused.

get ready for 100k BTC end of 2021