/biz/ - Business & Finance

>>24108345
>this time its different

>>24108345
Im a brainlet is this good or bad help me

>>24108634
it's bad. sell sell selll

>>24108634
It's really really bad, anon. Sell now. DUMP.

Are there any resources/studies out there that show relative national contribution to BTC/crypto purchases? I get a feeling that this is worldwide inflation-fleeing, particularly from China but to a lesser extent Argentina.

>>24108699
btc is in no way a hedge against inflation, it's a highly speculative asset

>>24108775
It definitely is for Argies (700% inflation relative to the USD over the last 5 years). The question is how many countries are large and wealthy enough to even affect BTC prices noticeably.

13k inbound sooner or later, i stabilized some of my wbtc already. Most still in, cause i am a pussy

>>24108816
there is no reason to buy it when you can buy dollars and or gold, these two don't tend to dump 50% in a couple of days
the only reason to buy btc is if you are a gambler

It will hit 20k again then dump but how far it dumps is hard to tell.

>>24108902
a smart gambler

>>24108902
>third-world countries having easy access to gold or USD

>>24109071
I can't wait to see the next generation of bag holders

>>24109192
yes, you can easily go exchange you currency for dollars or anything else
have you ever been in a 3rd world country fag?

>>24109225
You pay fees out the ass to do so, risk getting robbed at gunpoint, and if it's physical USD there are very real chances of shortages in uncertain times. By contrast, crypto exchanges are almost always available.

>>24109258
the fees aren't higher than those on crapto and besides if that's the case then one is better off just buying usdc

>>24108634
bad if you shorted

>>24108775
still spouting this retarded shit?
btc is the best inflation hedge ever conceived. not only that but it's unconfiscateable at borders.

>>24108378
Sure is when arthur bitspicnigger is no longer in the picture. Now we can all rocket. See how easy it is?

Your chart is shit.

>>24109630
it's confiscable if they close the exchanges and for the price to go up you do need many suckers to buy high
you do realize that you need those loser imbeciles to buy and keep pumping the price for your bags to have more value?

>>24109630
btc went way lower than that in 2020

>>24110030
can't close a dex you retard
keep coping

>>24110102
so how do you cash out mong

>>24108345
Boring.

DAO.

BoringDAO.

This is it.

>>24110059
The lowest daily high of 2020 was $5200, so still well within the trend.

>>24108816
Didn't Iran recently adopt btc on the governmental level?
>>24108856
Not really. If BTC gets to $20k and has a 30% pullback it's at $14k. We've already touched on that $18,900 resistance level and broke down however, support was found at $18,6xx which tells me that we're not going to see a massive sell off at $19k which means the likelihood of btc being under $14k isn't as likely. I mean by all means if you are on the sidelines set your buy orders for $13,xxx but just don't get your hopes up.
>>24108378
There is one very key difference between now and then which is that there are institutional level investors with long term vision putting their keys in cold storage and not participating in any profit taking until probably the next cycle or at least the end of this one. The fact that countries are adopting it. I'm not saying there won't be any corrections and I'm not saying they won't be the same magnitude as previous cycles but I am saying there's a chance of less corrections and less magnitude per pullback. They may only be 20% instead of 30%, they may only be 15%.
The first correction is going to paint a picture and five us some insight as to what we can expect.
Like I said in another response, the fact we were at 18,9xx and flirting with 19k without a big correction is bullish for the first correction being at 20k+

>>24110423
of course there isn't any correction, every time btc starts dumping you can see tether being send to exchanges lmao

>>24108345
Thats just the tether exit pump. Strap in, the dumb will be glorious

>>24110521
Can I get redpilled on tether and how it affects the price of BTC? I keep seeing this posted around

>>24109809
I don't make the fucking chart, it's a screenshot from Binance wtf

>>24110030
lol good luck with that bootlicker

>>24108345
>I have never seen a bull market

>>24110059
i think those prices are monthly close not wick lows

>>24110577
I'm here since mid 2017, I know how this works.
>>24110580
Both our IDs are green and start with "0V" lol. Our Qi are in sync.

>>24110568
join the 41% tranner

>>24110553
basically tether is supposed to be a stable coin backed by actual dollars but they don't get audited, so it's likely that most of it isn't backed and the exchanges have a deal with them where they use this fake stable coin to buy btc thus pumping it's price to then slowly cash out on the real money injected by retail

>>24108634
always do the opposite of what /biz/ tells you. including this post.

>>24110423
>There is one very key difference between now and then which is that there are institutional level investors with long term vision putting their keys in cold storage and not participating in any profit taking until probably the next cycle or at least the end of this one
I don't understand why anyone would think institutions are not going to take profits after seeing 100-200% returns

>>24110423
>Didn't Iran recently adopt btc on the governmental level?
Hadn't heard of that. Googling, I see an article saying that the Iranian government passed a law forcing BTC miners to immediately sell their crypto to the state, which I guess could be slightly deflationary for BTC depending on what Iran is doing with it themselves. They're a pretty small economy in the grand scheme of things though.

>>24110665
Because they have to backstop their customers holdings with actual coin (Paypal, webull, Robinhood, etc)

>>24108902
How does it feel to have an IQ of 80?

>>24109225
Tell me which shithole are you from?

>>24110715
how am I wrong?

>>24110728
Answer this first >>24110726

>>24110750
I from Germany and weirdly enough I'm white
what's the issue?
oh let me guess
>you no like bitcoin cause poor
I could buy 8 bitcoins at the current price

>>24110665
Hedge fund managers, sure but if Square is picking up $500million worth in their treasury they aren't swing trading it.

>>24108699
this hows where crypto is being bought from geographically idk how accurate it is


https://fiatleak.com/link

>>24110799
No you fucking tard
I figured you are a complete brainlet that thinks people in shitholes can just buy dollars and Euros and gold because you can you absolute mongoloid

>>24110829
I do because I have traveled in South America and Middle East for work and yes you can exchange dollars or euros for local currency or the other way around and you can also buy gold
So I do know from experience dear mongoloid

>>24110829
you can do that here in México

>>24110810
I'm surprised so little is going to asia, it's like 90% USA

>>24110947
of what, btc?

are stable coins going to cement usd as the reserve currency of the world? how much stable euro and yuan yen used? https://www.coindesk.com/circle-usdc-venezuela-airtm

>>24108378
20% of all USD in existence was "printed" this year.

>>24111359
propaganda, indeed considering that consumer spending has and will decrease we will see a dollar deflation

>>24111429
whats a good way to take advantage of deflation?

>>24110549
>muh tether exit pump
Fucking 2017 flashbacks, fuck you! I didn't sell the BTC top into tether even though I was hovering over the button because of FUDsters like you fuck, you fuck you, fuck you. Three years later tether is still here maggot.

>>24111481
well it's not going to continue in the long term but if you are outside the USA it would make sense to buy the dip on the dollar now

>>24111490
Tether will still be here

Until it isnt

Good luck when that happens

>>24110228
Fuckoff scammer

>>24110947
how does thjat surprise you? Asia has all the mining, USA needs supply first and wil switch to mining later.

>>24111566
brainlet fuckwit

Wtf it looks weird with zero red candles

>>24111359
I see this thrown around on biz quite a lot, can you post an official statistic? Also US treasury is now operated by Blackrock, and Blackcock says BTC good.

>>24111546
i don't really have any assets to sell if that is what you mean

>>24111631
Here: https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

>>24108345
this is what's gonna happen