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24085188 No.24085188 [Reply] [Original]

For those there last time, remember the lessons learned.
For those here since last time, get ready to carry the torch when the time comes.
>Only cycle that matters.

>> No.24085223

>>24085188
in a month everyone will be WISHING they bought in dec 2017 at 20k

>> No.24085357

>>24085223
this ecosystem requires sacrifice. Every high comes with people that exit, and therefore people that will hold until the next top.
We need heroes willing to hold and 'accumulate' etc.

>> No.24085455

>>24085188
I still don't understand who are the retards buy the top

>> No.24085493

>>24085455
smart people
the retards are buying a ps5 right now

>> No.24085518

>>24085455
its quite easy to understand actually, it's people who think that there will be a new top

>> No.24085533

>>24085455
look around at all the people saying it's different this time etc.
we need a fucking trillion USD to get this space to double and yet people are pretending like this is some fucking magical asset class that acts less like gold and more like tulips the higher it gets

>> No.24085540

>>24085455
People were speculating BTC would reach 25k-100k it's hard to predict the actual top.

>> No.24085549
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24085549

>>24085455
Greed is infinite.

>> No.24085587

>>24085533
>fucking trillion USD to get this space to double
i dont get this, we need half a trillion, not one whole. or am i wrong

>> No.24085589

We're still in 2016. Next year will be 2017 vibes

>> No.24085669

>>24085540
Bitcoin's dominance is ~66%, market cap of crypto in general is like 200-300 billion lower than BTC peak in 2017/18, and we have like twice as many cryptos now as we did then.
The idea was for crypto space to CONVERGE INTO bitcoin, not for another fucking oversaturated landscape built on a lower fucking MC.
lmfao, idk where bitcoin gunna top this time but the space overall is nowhere near as healthy.

>> No.24085715

>>24085533
It doesn't actually work like that at all. Market cap is flawed because if someone market sold 10k btc on 1 exchange, they could crash it to below 2k USD. BTC isn't actually WORTH that much, just like someone could easily pump BTC to 100k on 1 exchange by buying 100 million in 1 buy. It all comes down to liquidity.

>> No.24085797

>>24085715
I think we're getting carried away with the specifics a bit i meant to say we need a lot of money to pour in to do fairly marginal gains given the risks.
Also the exchanges wouldn't allow for arbitrage so you could pump it on shitcoin.io.exchange but it wouldn't really mean anything.

>> No.24085849

>>24085549
I guess but don't they fear the repetition of what happened last time?
>but much institutions are buying
well we had market bubbles and crashes they tend to fomo in and dump too just think about the dot-com bubble

>> No.24085871

>>24085669
The winners have been chosen by PayPal. If anything else is going to moon, it's already in the top 20. It's later than you think.

>> No.24085984

>>24085797
That's fair, I agree the space is unhealthy. It feels like we're walking on eggshells desu. If the bullrun cycle does happen, I think a very conservative estimate is 50k, 100k is possible, anything above that I can't say.

>> No.24086133

>>24085357
This is true of any appreciating asset.
>>24085455
There is no top. Everything of value given enough time will be worth more than whatever the local top was. The people who buy regardless of price, but buy the right assets, are those with intelligence. I don't think most normies who bought BTC at 20k understood what they were buying, but anyone who DID understand and bought at 20k I think did a smart thing. There are no rules here, and it could have just as easily gone to 100k from there.

>> No.24086269

>>24086133
Thank you for your service to the cause!
For the record, i'm going to take the profits from this cycle into Gold or Real Estate (but probably Gold) and I couldn't withdraw without you guys!
Thank you!

>> No.24086357

>>24085533
That is not how marketcap works.

>> No.24086442

>>24086357
lmfao you guys are anal af
i know the idiot savant meme for 4chan is real but try to infer a little lmfao

>> No.24086500

>>24085715
>10k btc on 1 exchange, they could crash it to below 2k
lmao no.

>> No.24086512

>>24086442
fuck off back to r*ddit

>> No.24086540

>>24086442
Lmfao just misunderstand the concept like me lmfao bro you idiots just don’t get it lmfao

>> No.24087027

>>24085533
You don’t need a trillion dollars to increase market cap a trillion. The market cap is the current price times circulating supply.

>> No.24087501

>>24087027
lmfao
I could give each of you a btc to fuck off rn and it would literally cost me 450 USD a piece and yet i'm still lurking this board because i'm addicted to this f***ing Estonian rock climbing forum.