/biz/ - Business & Finance

>>19269531
Back to 3k we go

TA in crypto is absolutely meaningless. How can people still be doing this?

>>19269531
look mom i can draw meme lines

>>19269531

Remember when the meme triangle was going on for months and it was the most obvious thing in the world and everybody said it was just too obvious to happen then it just fucking happened anyway?

>>19269760
>TA in crypto is absolutely meaningless. How can people still be doing this?

I’m gonna kms

>>19269760
TA is absolutely meaningless in general.

It's popular because cowboys need charts to make them feel like they aren't just gambling.

>>19269531
You in 2019.

it's resistance until a massive green dildo breaks it

>>19270013
>TA is absolutely meaningless in general.
>It's popular because cowboys need charts to make them feel like they aren't just gambling.
>Buying an obvious top on multi-year resistance isn't gambling though

>>19270035
Now draw the line for the lowest values and tell me when the confluence point is and at what price. 1st 1/4 of 2022? 10k? Sounds about right.

>>19269531
STOP POSTING THIS THREAD YOU FUCKING NIGGER

>>19269531
I think ETH will actually die..

>>19270275
Shut the fuck up

>>19269531
Bitcoin can’t go lower, because it would mean death spiral.
Only retards aren’t buying right now.

>>19270426
seething

>>19270431
>Bitcoin can’t go lower, because it would mean death spiral.

>>19270456
It costs $10k to mine a bitcoin. Hashrate already dropped by 30% this week.
Let’s see all your money going to 0 after there is no one to mine anymore.

>>19270493
The price absolutely can and will go below the cost of mining. The largest BTC mining operations in the world are in China and have essentially free, government subsidized electricity. We are about to see miner capitulation and a massive crash in the price. How new are you? lmao.

>>19270422
checked

>>19270592
this guy fucks

>>19270592
>The largest BTC mining operations in the world are in China and have essentially free electricity
>The price absolutely can and will go below the cost of mining
Negative BTC price confirmed

>>19270845
Imagine thinking the Chinese govt subsidizes the mining of BTC at a loss. Like imagine thinking that they are just willingly bleeding money in order to keep mining BTC. China! Haha haha

>>19269531
Just buying more AAVE here.

>>19270953
Imagine thinking China couldn't just seize all existing mining facilities and the owners' BTC keys and wallets.
Imagine China of all countries doing something so draconian, with disregard to their people's rights.
Ha Ha.

>>19269531
TA is fucking worthless
all these price moves are based on shit happening in the real wolrd, not some fucking triangle magic

usd/btc spot price means nothing since usd is fake and gay. buy btc too da moooooon

>>19272005
lmao you have no idea how bitcoin works, do you?
absolute delusion

>>19269531
Fucking beats me

>>19272084
>Doesn't realize 80% of all BTC pools are based in China.
>Doesn't realize "private property" in China is just a non existing buzz word.
>Doesn't realize Government controls all ISPs and all I/O international internet connections in China.
>He thinks the chink government doesn't know who all the big whales in their country are and couldn't just take their wallets by force and nobody would ever know.
>He thinks decentralized means anything when Chinese are involved.

>>19270453
show me you make consistent money with those stupid meme lines. PROTIP: you cant.

If ta lines were legit enough everyone would use it.

>>19269531
your mom with the 20 bucks i gave her for her services

>>19270493
It costs 5-7k not 10k

>>19269531
>>19269741
won't go below $6k because since the halving $6k is the new $3k.

>>19273529
depends on the miner in question and the difficulty.
new 7nm miners should have a breakeven around $6k now. if difficulty lowers their breakeven lowers.

>>19269531
Zoom out, retard. If you are including a halving pump in your chart you better include them all or your data set is trash.

>>19269531
>>19273688
When will these retard Bobos learn proper data analysis

>>19273823
Zoom out more

>>19269957
>I’m not a gambler, only an educated better

>>19273823

is that the graph they show to the poor bastard who bought at 20k?

>>19273860
Okay

>>19273823
Based and TApilled

20k was the obvious top, only idiots can´t see that. The hype in 2017 was nothing like ever before, we are nowhere near that hype now. Eveybodt was talking about bitcoin back then, now not so much. Thats the truth, cope as much as you will

>>19274221

2 intersecting points on a line vs OPs 4 points

>hmmmmm

Most people investing through grayscale are not tru believers. They will dump thousands of bitcoin soon

>>19274268
exactly, everyone who bought in at the run did so under the impression theyd make insane gains over the next 4 years

you cant fool people twice (except for a few schizos on this board)

not to mention Mt. Gox recovery that still have 150k bitcoin to sell!!! 150k for fuck sake, this summer

>>19269531
not me buying at $6,000 BTC

>>19274285
You make a solid argument, here's a better fit.

>>19274268
Yeah right I have people asking me If now is an ok time to get in who didn’t buy in 2017 but was aware of all the hype. My answer is always there’s only 21 million BTC you make the decision

>>19274419
muh 21 million. LOL, having only 21 million is bad, not good. Theres nothing positive about that. Keeping track of satoshis is dumb and inpractical from financial perspective

>>19270013
>>19269760
>>19270493
>>19272651
Only 10% of traders are profitable, i know which one you are. Now stop shitposting and go back to mopping that piss i left on the floor wagie cagie

>>19269531
zoomers mostly. they have not experienced true capitulation yet.

>>19274477
>Theres nothing positive about that
if you want to make sound useful cash money it's true utterly impractical.
but it moved a planets imagination and proved a serious point that will have implications to the entire human history. so have some more respect you mongrel!

>>19272061
The triangles predict happenings in the world, price of btc follows

>>19270953
Nobody is bleeding money. Theres basically a cartel working on the crypto market. Finex, miners, govt and exchanges work together to scam retail crypto losers. This is economics 101.

Price is going to 1k.

PROVE THIS WRONG

>>19269531
Who the fuck is buying BTC at all?
>scamcoin

>>19270035
>LE
NIGGER

>>19275043
You can't

>>19269760
so is this not the top?

>>19275043
>Hurrrr le epic BRRRRRRR meme

>>19273603
retard

I recently started following like 30 people on twitter who were crypto influencers and subscribed to like 5 people youtube who did TA. They all say more or less the same thing and I followed some of their advice yesterday. Lost around 700$ and could profited if I just held BTC at 8900. They were saying it could easily go down to 8300, which sort of scared me into selling.
Not going to lie, this is gambling, but I'll still see what they have to say from time to time because they may identify a new crypto that may be a good hold. A lot of them say that the real money is new coins/alts. Just buy in early and wait. Did that with OMG, thank god, and made all my money back and then some.

>>19275746
BAT is legit but do your own research

>>19272061
All that matters is the meme lines. The universe will manifest whatever happenings required in order to fulfill the will of the memeline. You better start believing in clown world because you're in it.

>>19275643
why is he wrong?

>>19276362
>better start believing in clown world because you're in it.

thats why it will go UP not down...clown world, i fully believe in clown world, its real!

>>19270493
>It costs $10k to mine a bitcoin. Hashrate already dropped by 30% this week.

It costs like 3k actually. MIners won't tell public true costs.It is way cheaper boy

>>19274268
i agree. Bubbles don't happen TWICE, because everyone expects them tto repeaat, they won't . Asssets do OP{POITE OF hwwt majority of normie tihnk

>>19269911
Do you remember that time they shut down everything because of coofing and then made trillions of magic dollars appear out of nowhere? Me neither.

>>19274221
Based, bobos on suicide watch

TA works. Fibonacci, meme lines, triangles, patterns, fractals, etc all that kind of stuff works

>>19269531
https://www.youtube.com/watch?v=1R1o60z0jhY

>>19276727
That explains why every idiot with a spreadsheet and a coinbase account also owns an enormous yacht full of gold.

>>19274570
>wagie cagie
Seething redditor

>>19274419
21 million is a SHIT LOAD

lol, you just proved his point

>>19276837
most people's TA is garbage. And trading is not only about TA, risk management is important too

>>19273823
>>19274413
Finally some quality TA in this shit hole for once.

>>19270431
>>19270456
>buys top at $9k so bitcoin doesn’t go into death spiral
>bitcoin still goes into death spiral either way, take your money with it

>>19272061
>based on the real world
>implying flash crashes don’t happen
>implying every btc pump is tied to a real world event, and not just whales pumping and dumping

>>19274413
kek

>>19269531
>pick 2 points
>draw line
>price can't pass this line now

The brainlet thought process truly is a mystery

>>19276928
I work in a bank and had to do a course on risk management. It's a load of crap for the sort of middle management who spurt drivel like "touch base" and "going forward".

If anything, it's less useful than the silly little charts people use to try and sell a lie.

>>19278144

>>19269531
THE LAST 3 DAYS HAVE PROBABLY SHAVED A DECADE OFF OF MY LIFE FOR FUCKS SAKE JUST DUMP ALREADY

>>19278893
not gonna happen, sorry bobo

>>19269760
TA is literally the only way to effectively trade crypto

>>19272581
>>He thinks decentralized means anything when Chinese are involved.

This

>>19275746
>typing all this to shill ermagherd bags

Is anyone accumulating bitcoin? The government is printing money by the helicopter load causing the value of the dollar to go down. Dollars in your savings are worthless. Markets are bad to put money into right now. Only places that are safe are gold and silver and now Bitcoin too. Thats my thoughts.

>>19273823
fixed that for you.

>>19279312
T. Sub 100 IQ brainlet

>>19279504
And what makes you so much smarter. Cause you poo in the loo?

>>19279312
Crypto has its own FED, its called Tether so this argument is retatd

>>19279567
How so

>>19276502
depends on the generation of the miner. it's $10k for some 10nm miners $14k for s9 miners.
$6k for newer 7nm miners.

>>19269531
stop sleeping make a real investment.

>>19279545
>>19279808
You're literally a retard incapable on connecting dots.

>>19269531
The meme lines are shit. That entire chart is just about the ~$10k resistance level. If it breaks and holds for a while we go up.