/biz/ - Business & Finance

>>23858181
Smart money accumulating before the take off phase, first bull trap-20% will be around 26-30k when the first round of normies buy-in

>>23858181
redditors will start buying at $25k

>>23858181
Remember, we are going higher than the 2017/2018 peak next year, don’t sell when we hit that peak again, but it will make for a good stop loss just in case

>>23858200
>>23858206
Plus we are fucking declining in normies interest this is hilarious they will miss the biggest bull run ever kek

>>23858233
dubs confirm, dw anon they’ll arrive on time to cause the blowoff top at 100k

>>23858181
normie won't understand until btc goes over 20K then 40K and the news freaks out.

Normies will fomo feel rich then get scam crashed.

>>23858181
WTF

>>23858181
DELETE THIS

>>23858181
You're flipping me bullish damn

This just solidifies how far we have to go. 2021 is gonna be fucking crazy. I'm thinking $250k blow off top for BTC and alts all 100xing or more

>>23858277
good they deserve it

>>23858181
It's happening

Once tiktok thots are wearing bitcoin shirts and every twitch thot is shilling btc as the next big thing when we cross 100k, be cautious

>>23858181
Look at onchain data nigger, the average buy amounts and the wallets holding low xxx bitcoins are going parabolic.
These buys aren’t from your poorfag retail buyers buying $50-200 Bitcoin, these are big players.

>>23858373
I literally buy 3K € each month of BTC

As much as Biden’s a cuck he just cemented our 4 year moon mission.

>>23858181
cause everyone already knows what bitcoin is why would they google it?

>>23858181
I just checked it on Google holyshit why nobody was saying it in this retard board ?

>>23858418
It's when the price is high, people search to read recent news about bitcoin.

>>23858389
Not bad

>>23858181
Imagine the tx fees when FOMO starts again. We are already at max capacity and no new SegWit to help this time.

>>23858181
Normies will only take notice AFTER it breaks 20k. At that point everyone who sold or got burnt will go "hurr durr they were right I should have just hodl!!!". I'd say 25k will start the first media buzz wave, 30k it'll be all over the news, 40k your aunt will phone you asking how to buy BTC, and at just under or over 50k we crash again

for a true bullrun we need decentralised key management
They're working on it with candID, hopefully they manage to put out a prototype before end 2021 so the bullrun can really take off

>>23858695
And who the fuck cares about the transaction fees Bitcoin is a storing technology only wealthy people will use it to transfer massive amount of money not a daily transaction to buy a coffee

If you want to buy a coffee with your Bitcoin just send them in lightning put 1K$ in lightning and pay whatever the fuck you want

>>23858181
I don't want to buy bitcoin as bitcoin is trash. Do I just go all in on ETH now?

>>23858229
DON'T USE STOP LOSSES
STOP LOSSES ARE WHAT CAUSE CRASHES
NEVER FUCKING SELL

>>23858755
or just use USDT for shit like that, coffee spending money doesn't need to have more than 500 usd at a time available so it doesn't need to be all that secure

>>23858778
t. gets caught holding in the inevitable crash

>>23858277
I wonder how long it will take this time. I'm so far detached from Normie psyche I don't even know how they think anymore. I even casually drop in conversations that Bitcoin is holding steadily at 16k but it's like they don't even take notice even when directly being told. I think 20k or even 30k won't be a point for Normies to FOMO in, so when do you guys think the true FOMO starts?

THIS UNIRONICALLY MAKES SENSE FUCK I NEED TO BUY WHAT THE FUCKKKKK

>>23858769
just kys for being a reddit faggot

>>23858782
Yes or use toilet paper to buy shitty coffee, Bitcoin value is not for daily transaction wtf are these poor people think, money is in assets not in fiat

>>23858389
Fuck. Tell me how it is to be one of the richest people in the entire world in a year. I'm jealous. I can only afford 500$ a month

>>23858695
Normies are used to paying 20% in price for every purchase. At least here in germany. Fees literally mean nothing, they just become the price of purchasing things

>>23858181
>no one cares about your shitcoin
>this is somehow bullish

>>23858406
you can thank Cocaine Mitch for that, gonna be shutting down DC for 4 years. it'll be glorious.

>>23858695
normies don't transfer bitcoin, they buy it on CashApp or Robinhood or whatever the hot new thing is. Paypal even. none of those trigger an on-chain event. maybe like 1% of normies will actually transfer off an exchange to their own wallet, and those are big batch transactions anyway.

>>23858848
It feels good to wage and put all your fiat in BTC

>>23858822
>I even casually drop in conversations that Bitcoin is holding steadily at 16k
Why do this though, I hope you at least also say it is ridiculous and how you don't get it but boy if only you could have gotten in yadadada.

>>23858832
Why am I a reddit faggot?

>>23858742
Do you think? I think it needs to take way more than that. Remember last time. Remember how Bitcoin was reported at 2k which was already breakthrough of ATH 1.6k and they ignored it. How it went to 3k and they ignored it. How it went to 4k and 5k and they ignored it. How it went to 7k and the run to 10k started that people noticed. It had to be in the news constantly for an entire year for boomers and normies to start buying but this time they also remember how they burnt themselves last time so we might very well go 100k with no significant dips and reach new highs quicker and quick before the normie freak out begins. We might very well be on our way to 200k before the FOMO starts

>>23858812
At least don't put your stop loss where everyone puts it

>>23858914
I do it to see how they react. To scale the FOMO but I get absolutely no reaction. The FOMO will take a while to activate

>>23858229
>next year
Next month, you mean

>>23858695
NGMI

>>23858917
If you have to ask, you are.

>>23858822
They are utter sheep, they will only invest once they are "sure" it's safe, and their method of being "sure" is a big green dildo. I tried to teach my one norman bud trading and he lost everything in a month because he "tried to buy the coins doing good" i.e shit that already pumped and sold when "they were doing bad", literally buy high sell low is how they operate

>told my normie friends who heard about btc
in 2017 that it touched 16k again and will probably fly high just like last time
>OH WOW COOL ANON GET THAT MILLION
>so you wanna do stuff?

why are they like this?

>>23859059
I've learned from last time that it's no point in trying to get in with them or make them buy before the blow off, so I really just use them to scale how the average person thinks. There is only very few friends who actually into crypto with me in 2017 and only 2 (not even sure about them fully) that kept interest after the crash. I'm the only one that bought the 2019 and Corona dip

>>23859059
First they laugh at you...

>>23859031
Not really

>>23859146
I won't even feel any satisfaction about people coming to me saying that I was right and saying they wish they had listed to me. I'll just feel sad and lonely because I'm the only one who made it

>>23859059
You do realize that having normie friends make you a normie?

itt: normies bagholding

>>23858755
Exactly, btc is not made to be spent. So retard buys coffee with bitcoin, btc gets sold for fiat by the cafe that would ever be good for crypto for the network to be flooded with buys and instant sells, they’ll have centralised digital currencies for that. Bitcoin will be for the rich that put a few % of their net worth into it, put it on a ledger in one tx and leave it for decades

>>23859188
You realize talking to normies online that have normie friends makes you a normie?

>>23858326

why would alts 100x again this time? It happened before when bitcoin peaked and everyone put their money in alts. We've had that cycle now so now everyone knows that once bitcoin peaks, alts will crash a couple months later. Last time people were innocently putting their gains in alts because they thought the run would continue. Now everyone knows it wont.

>>23859059
Most people just don't care and use the smallest hurdles as excuses to not bother with investing. People that are actually into investing are wired differently or something where the rush of numbers going up drives us to put time into learning even basic things normies don't want to bother with. Both of my friends have 0 investments outside of work retirement with excuses like:
>Setting up a brokerage account is too confusing
>I don't have enough money to invest
>Crypto is too risky

Then they spend hundreds of dollars on videogames/movies/Gunpla/alcohol

>>23859230
Normies dunno shit, they just buy whatever’s cheap on coinbase and that’ll happen again.

>>23859230
This. The only Alts that will prevail this time are ones with long future and actual technology to back it up. ETH and Link will maybe pump but the rest is trash. Sure there might be some pump and dump low cap scams that give you the 10000% gain if you're in early enough, but if you don't exit quickly enough you'll crash with them

>>23858822
>I even casually drop in conversations that Bitcoin is holding steadily at 16k but it's like they don't even take notice even when directly being told.

I keep seeing people on here saying stuff like this. Drop the autism for a minute here - normies have no concept of what it means that "bitcoin is currently 16k". They have no frame of reference for what that actually means. Investing is very, very far removed from most people's consciousness

>>23859295
I don't say "16 kay" I say "16,000 Dollars"
What is hard about that to understand?

>>23858769
>the most valuable blockchain
>trash

You're a fucking retard

>>23859184
That's why you make new friends. I'm already in the process of doing this now in preparation.

>>23859326
>What is hard about that to understand?

you're not getting it anon. I'm telling you that they don't have any frame of reference for what "bitcoin is 16 thousand dollars" means. It goes in one ear and out the other because they have no other reference experience.

>>23858917
GO BACK FAGGOT

>>23859353
I see you've finally joined the church of Scientology. That's great news.

>>23859267
The thing that pissed me off the most was when i told someone about it and theyre like "oh I don't really know anything about it". USE GOOGLE YOU DUMB FUCK!!! HOLY SHIT! its like yeah i don't know about something, so I'm just gonna sit here and not research it and stay poor. Are people mentally retarded?

>>23858937
>I fomo'd in at 6k in 2018, was an early adopter in the friend group.
Yeah around 30k-40k is when its going to get wild.

>>23858917
>>23859156
GO BACK FAGGOT

>>23858742
You this cycles top will only be a 2.5x from the last one?

>>23858905
my portfolio is a mess
why did i buy so many alts and not focused on BTC :(

>>23859686
Cut your losses and convert?

>>23859558
It could go as high as 200k. Truth is, no one knows. Understand the market cap of BTC is now in the hundreds of billions of dollars. It's limiting factor is the size of global economy. Just react to the market conditions appropriately. We are likely in a bull run that might lead to a speculation bubble.

>>23859384

>>23858321
how could you still be bearish. do you hate money?