/biz/ - Business & Finance

thats the scariest looking chart ive ever seen. Sold my .06 BTC

>>19346951
It obviulsy tried like 4 times and failed are you blind?

Weve been drawing lines from that top for years

Every cycle is not as steep as the one before nice try retard

>>19347012
until it passes that high, everyone will continue to do so

>>19346951
>Muh memelines from an arbitrary point
bro JUST MOVE THE LINEEEEEEEEE

>>19346951
>If BTC can't get over 10k soon
>I think it's dead.
>Every minute this uptrend is invalidated the worse it gets.
>The way I see it Bobos might not be wrong about seeing 2k again.

Don't believe me?
6k is supposed to be a "better than 3k" buy, but that's only if we keep going up.

>>19346951
Yes its dead now sell all your coins and stop posting on /biz


ooohhhh wait, dont tell me youre trying to use reverse psychology on the poor /biztards so they panic sell the bottom then fomo in later this week when we pump

>>19348779
Why would we pump?
I'm not using reverse psychology, just curious if anyone can come up with any good arguments otherwise.
So far nobody has a good reason why we'd hit 10k ever again.

>crypto supposed to be the thing that topples the old financial system

>The old financial system just uses some of its unlimited money to keep the price suppressed


wow amazing

>>19346951
Daily reminder that '17+ fags opinions are worthless

>>19348517
what determines the curve of this rainbow?

>>19350128
Memes

>>19348804
Clown world. Your'e welcome.

But seriously, the corona is over and whales arent going to waste the opportunity to become billionaires because BTC cant double from 9k to 20k when its already gone from 3k to 10k multiple times. Go fuck yourself.

>>19348804
retard

>>19348827
>The old financial system just uses some of its unlimited money to keep the price suppressed
how do you keep btc price down using fiat ? I'm really curious

>>19346951
Just redraw the line bro

>>19346951
I'm counting on weka hands like yours to drop the price for me to buy more. I want you to panic, I want you to be afraid of 2k btc. Without you I couldn't buy low and sell high

>>19348804
We've bounced back every single time so far, why would this time be different. Why don't you go ahead an provide any actual evidence besides your meme lines ?

>nobody could have predicted this!

>>19350189

Same way they've been suppressing the price of gold for years. They have millions of "paper contracts" where they don't actually own the underlying asset but bet against it anyway.

A core tenet of the goldbug & crypto philosophy is that the value will increase due to scarcity, but when hedge funds are just trading derivatives the thesis doesn't hold up.

>>19350189
Pump and dump retard

>>19350189
Cash settled derivatives and futures?

>>19346951
>memelines didn't work
>hold on lets redraw those lines

How is this trend called?

>>19350266
>>19350285
yeah but that's a ridiculously small part of this market
almost all btc derivative markets are settles in btc, the only way to suppress the price would be to own vast amounts of coins

>>19348804
>Why would we pump?
this was asked every previous pump lmfao nufag

>>19347012
inclining and declining lines on the all-time chart are often like horizontal lines. Resistance becomes support.
You can draw some pretty unambiguous trend lines if you connect both lows and highs to the line.
The way it looks to me is that we're in a giant wedge pattern formed by inclining and declining trend lines.
Bitcoin will outlive us all, and the primary trend is up. But you can still get stuck holding bags if you buy at the wrong time.

>>19350436
see
>>19350307

>>19346999
highest trips possible confirm BTC is dead coin walking

>>19350285
this guy gets it. CME futures was the death knell for BTC. only brainlets and those with big money in the ecosystem haven't realized it yet. NANO is the patrician choice.

>>19350470
>>19350307
not sure what your point is
if you can't draw a simple trend line without lying to yourself, you've got some deep character defects

>>19350930
One can see a classic cup and handle forming. After another year we will see the plate underneath it.

>>19350324
the slow bleed

>>19351064
Don't forget the spoon and the doily