/biz/ - Business & Finance

The beginning of media attention.

media attention

Media attention. Although there might be a small dip next week.

>>24858336
>>24858337
>>24858352

Mania phase starts at 30k

unironically stealth phase

>>24858312
anon, today is december 16th, 2016

>>24858312
despair tomorrow.

>>24858336
>>24858337
>>24858352
correct

This chat is completly useless and has never been relevent with crypto. Fuck off

>>24858579
post your short

return to normal

>>24858371
>>24858352
>>24858337
>>24858336
>>24858455
This
>>24858521
For you.

>>24858312
Despair

>>24858579

I actually sold yesterday. It is a very real possibility I will come to regret it, but I don't think we will go much higher than 30k, and for sure won't have anything near the same bullrun we had in 2017. We need some major unease in the world to hit 100k

>>24859404
We are in the despair phase? You fucking goon. If you were not retarded and trying to talk shit this would be Return To Normal or New Paradigm. If this is despair give me some more.

Also we still don't have any adoption, the cryptospace is still in it's infancy. I'm gonna chase profits elsewhere till the real bullrun gets going. Hope i'm wrong.

But to answer the OP question, based on the way we have been moving since the last halvening, I think we are further ahead than media-attention. The media has been unaware for months, which I find very strange.

However, I could be completely wrong and we just passed the first bear-trap (which I in this case fell for) and we are gonna hit 50k in the next 3-4 months. Personally, I don't think so, but I have been wrong a lot this year, not just here.

Take Off

considering the very answers itt, delusion

https://mobile.twitter.com/whale_alert/status/1339265284373426186

Institutional investors.

>>24858336

>>24858312
If you were here 2017 then you know damn well this bull run is different.

Greed

>>24859843

Yeah, there is a much bigger reason for hedging against the dollar now, then there was in 2018.

>>24858336
>>24858337
>>24858352
>>24858562
Newfags

>>24858455
>>24859716
These are the only anons ITT who have named it correctly
The latest we are at is Take Off

The bear trap comes in summer, 2021
Just watch

>>24859453
>We need some major unease in the world to hit 100k
Bruh...are you living under a rock?

>>24860010

What? You consider this shitty little pandemic that? Nothing is happening till the USD becomes worthless. We are atleast a decade away from that.

>>24858312
Well, obviously not "the new paradigm", since already were at 20k before.

I think this chart is not applicable to BTC anymore.

>>24858312
Institutional Investors phase>>24860092

>>24859453
God you're a retard

>>24860092
> We are atleast a decade away from that.

Exactly.

Markets are forward thinking.

Why do you think TSLA is worth a trillion dollars?

Because idiots expect what it will be in 2040.

Same with Bitcoin.

People will buy expecting it to be "currency of the world" after a few decades.

>>24860096

I do worry about the institutions moving in. However i'd rather earn passive income off the real-estate I have bought thanks to crypto than to HODL any more. I have already ridden this from a few thousand dollars to 20k, all the way down with LINK, then sold at 18 dollars a pop. I sold my remainder now. Easier to make money off real-estate than to have my funds do nothing in Bitcoin. In the future I will buy back in with spare cash, but when I can put down 10% equity on home-loans that generate revenue, I can't see the point in holding on for another 30% increase.

Take off

>>24860155

TSLA has no realistic competition and is based only on what it could be in 20 years from now. I sold that too. I consider it a money-sink when it pays no dividends. A n00b trap like no other. I can't see any future where Bitcoin will be the currency of the world, and that is why I have sold as well. It is a pyramid-scheme like all others.

However I do think the technology will be very useful when we are ready for adoption, I just can't see Bitcoin being the one. More likely we will get a common choice agreed upon in the UN or other instances, instead of adopting the unknown entitity that is Bitcoin.

take off, obviously, we won't see real media attention until 2021

>>24860092
Hahahaha US prints fucking 3.3 trillion in a single year.

>>24860454

And they will continue to do so. Their debt has no intention of being repaid. It will inflate like usual.

>>24858312
Probably the Awareness Phase
Mania phase has not started yet, but is likely coming soon

>>24858312
delusion

>>24858312
take off. Bear trap at $40k down to $25k. Media attention at $50k

>>24860711
The only reason I don't believe this is because of the news reporting institutional money and larger investment firms buying in around these levels. I think we're just before the first real bear trap before media attention.

>>24858312
right before "first sell off"

>>24859995
You don't think we're approaching the big bear trap leading into the new year?

>>24858312
Media attention is the only correct answer

>>24861273
Maybe, but also it could just be another 15% dump and then back up like we've been having
Not a major bear trap in any real sense

Just watch what happens at the end of summer
People last time unironically thought $3,000 was the top then

>>24858312
Don't care. Never selling.

>>24858312
Take off

Take off. How would we be media attention? There is hardly any and we haven't had a bull trap

>>24862284
This
In late 2017 Bitcoin was all over the news. All of my friends and co-workers were asking me about crypto
We're not there yet

>>24858312
delusion
lmao @ media attention
I had random friends ask me how to buy bitcoin two weeks ago

Post bear trap phase.

>>24860431
This. BTC breaking ath isn't anywhere to be seen in the media including ft

>>24861216
When the media is saying "institutional buyers" are buying at these levels, what they really mean is that they're probably net short BTC futures contracts.

Institutions are *not allowed* to buy BTC. SEC does not allow them to trade in crypto.

Why would you believe anything the media says anyway? The US dollar has reached support, and the value of the dollar can only go up in the short term.

Take off/beginning of Awareness phase

2017 felt completely different, mainstream news outlets were constantly making news of crypto and shit.

>>24862880
I was going by the investment firms like Microstrategy and Greyscale, but I suppose you're right in that no real institutional money has entered the scene yet. Admittedly I wasn't really around during the last boom/burst in crypto, how did institutional money enter then? Wasn't it through VC's?