/biz/ - Business & Finance

>>24886816
Neither, 17 December 2017 was the exact date that btc peaked 3 years ago before all hell broke loose. Call me superstitious but it's a little weird isn't it? 1.5k green candle right to the day to put us at a new ATH on the third anniversary of the cusp of the legendary bloodbath that made crypto a meme?

Am I crazy? Or is this time really different?

>>24886816
I do not trust you

>>24886816
I agree with you, my gut is saying no.

>>24887022

>>24886816
>this is a suckers rally

i agree the pump is BOLD soo fucking BOLD...remember when we was craving for institutional money las t year...thios is it...dam i was specting peaks of +200 Dollars every day

>>24886816
Ye me neither
No news to put it that high, no media coverage no normies even giving a shit it's that high not even my friends who are into stocks and shit even noticed it's 23 when I told them they said oh okay.
Something is up, I would take my money now

>>24887096
That’s a sign that this is only just the beginning. Nobody gave a fuck about bitcoin until the last few months in 2017.

>>24887179
I saw BTC ads on the tube and bus today from company called lunar or something
I'm scared bros all the sell signals are there

>>24887179
There's a more cynical interpretation... That this is manipulation. I mean if it is, they're not even hiding it right? They did it on the day. On the exact same fucking day.

It's like they're taunting us, they're just saying -- yeah we control the market, wtf are you going to do about it?

>>24887022
It's a self fulfilling prophecy.
If enough people believe in the crash it will come

>What run? I had 3 BTC yesterday, I will have 3 BTC tomorrow, I will have 3 BTC 10 years from now.

>>24887096
any other pol fags care to give their opinion? seems like fake news is intentionally holding out on giving the rally news, might be that their institutional overlords are buying

>>24887219
Yeah it’s a pretty funny move from their part, but I genuinely think there is still a long way to go before the second crash begins. I know 100k sounds silly but 20k has been awaited for so long that this has to be followed by a giant FOMO.

>>24887207
I don’t understand why it’s touted that normie recognition and mainstream exposure would lead to the price dropping. Wouldn’t the opposite happen if the masses are now aware and potentially buying? Not a challenge I really would like to know the line of thinking.

>>24887442
The logic is that the bubble have penetrated the broader populace and so the bubble is running out of greater fools.

>>24887442
feels like theyre trying to price out the normies desu or pricing out the normies is a consequence

>>24887252
Absolute chad

>>24887442
because they all fomo all at once when its pumping and then they all panic sell and crash down the price.

>>24886816
I don’t either I and sitting comfy 8 grand locked hot and ready to rock
*gentle rubs tip of peenis so my heart rate dsnt rise

>>24887219
This is entirely manipulation.

SELL SELL SELL

>>24887219
>>24887262
>>24887304
It's too close, the chart looks too similar, the dates almost line up exactly.

First we start with that last weekend super low volume price increases then a 20% pump in one day. One day and on the date of the last peak.

There's a few other threads suggesting the tether rugpull is finally here on the back of Mnuchin's new regs. That's one way to explain it I guess, but I haven't seen any evidence of that -- just rumours.

Please tell me I'm just connecting dots that aren't there and that this won't be a repeat of 2017 coz fuck me I am on the verge of taking the black pill here...

>>24887814
Seems to obvious and likely but it's crypto so it's entirely possible that they are just not hiding it in this clown world
If it happens it will be really obvious in hindsight but so was 2017

>>24887022
this

if this goes beyond 30k there's no stopping until at least 50k but I think it would dump before the end of the year.

>>24886816
me too anon. I feel so much fear right now I cant explain it.

people getting cold feet at 23k, lawl.
You are all gonna sell too early and rope

so is today rug day or are they going to wait for the Great Conjunction to crash this market with no survivors?

Fuck your weak hands

>>24888172
If it is manipulation, I think the play is they will do a fakeout dump today/tomorrow, then pump it to 25k. Then they crash us with no survivors

>>24886816
This is the Christmas pump like 2016, price will dump soon and the bull will return in Feb

>>24886816
>BTC halves -> new supply is down to a trickle
>institutions buying like crazy -> exhausting supply off exchanges
>derivatives exchanges have less BTC -> less artificial downward pressure from highly leveraged shorts

this rally will fail like all the others

Dxy crashes below 90, newfags everywhere “why is btc going up without normies” ever think cause they’re broke and make up very little of the big money in any market? The normie holds what he has in fiat while it tanks

Bearfags will get the rope.

>>24888361
you mean bullfags

>>24886816

>>24886816
Shit. This means it’s the golden bull run, doesn’t it?

> twitch and coworkers are talking about this

no i dont trust this either

>>24888424
if normies start buying it's not going to inflate the price?

>>24888424
normies are going to have to adopt bitcoin if you want to see it go about 100k.

Everyone keeps saying buy alts, which alts are going to make money seperate from the bitcoin run exactly? MUH ALTS is the cry of people who missed out on BTC

>>24888412
When /biz/ starts having doubts, that’s when I can rest easy at night without worry.

>>24888375
I mean anyone that hasn't been looking at weekly+ timeframes from bitcoin inception that revealed very predictable price action for the past years.
Expect random -40% corrections to 21wema on the way up, but ultimately a massive bulltrend. By the time the bull market peaks and crashes it will be down to 50k so even if your fomoing now, as long as you keep it low risk you are very likely to be very smart money in a matter of an year.

>>24888245
My gut is with this, I’m pretty convinced by the new “prophecy” image being thrown around that says it’ll be 33k in feb.

>>24887022
The entire climate is different this time around.
Back then, BTC was being purely driven by retail buyers.
This time, it's being propped up by institutional buyers. Big boys have come to play.

>>24888648
Who are these institutions

>>24888535
the yearly chart has a pattern a 1st grader would notice

>>24887022

You will not enter the same river twice.

2017 was a hype year with mass media shoving blockchain down everyone's throats and every slightly competent scammer making their own ICO.

This time around nobody cares. The growth is organic. Check for yourself:

https://trends.google.com/trends/explore?date=today%205-y&geo=US&q=bitcoin

>>24887022
Does anybody have that reddit post of the guy crying that he couldn't pay the taxes he owed on bitcoin since it dumped to hell as soon as the calendar year changed?
I'm hoping it's the same this time

>>24888895
KEK GHANA is no. 4, Niggers got that chainblock technologies

>>24887096
>no news to put it that high
You are a fool! Maybe Paypal making crypto accessible to normies isn't news? Visa jumping on crypto isn't news?

>>24889142
Happened months ago and didn't effect it then, why should it pump it today

>>24888711
Some jews

>>24887096
>No news to put it that high

That is EXACTLY why this bull run is legit organic and not fueled by hype.

>>24889158
its a fugazi bro

>>24888895
That Google trends is pretty unconvincing. Everyone knows what Bitcoin is by now, it's the same guys from 2017 coming back. It's why the same shitcoins from 2017 are being bought, and they are going to fall for the same thing again

>>24888457
It means they are in. The last fool have.m joined the bubble.

>>24888245
In december of 2016 BTC rallied 15% after reaching and breaking the ATH of 2013. It then droped back down by 30% and what happened in 2017 is known to us all.
We're currently at roughly 20% above the old ATH of 2017. If we were to drop by the same amount as we did way back when we'd land exactly on the 21-W-EMA. But what happened 16 to 17 took several weeks. We're currently reaching new heights by the hour so I honestly don't fucking know if the situation is even comparable anymore.

>>24889193
This is actually just not true though, there's been plenty of news about crypto but its been from the investor side, not main media.

>>24886816
>I do not trust this run

Trust it.

>>24886816
i do. this is not normies fomoing. its higher in the ladder fomoing. the kind that doesnt sell so easily. this will correct but wont stop the upward pressure.

>>24889394
... the kind that knows the price you pay for qe infinity

institutions coming isn't a meme guys.
based saylor warned us in a not so subtle way. he said it took him 6+ months to arrange everything so MSTR could legally have BTC on it's balance sheet. He said other companies would take longer.
they are coming. this pump is just wealthy people and private companies front-running the slow multinationals.
next year is going to melt your face.

>>24888535
Kevin Svenson

>>24889260
People don’t google bitcoin because they don’t know what it is, but why it is mooning.

>>24887022
Yeah bro totally the same. Ive made a couple hundred on alts as opposed to thousands in 2017. Living the dream over here.

>>24887814
You responding to someone asking for a pol fags opinion so yes, you're just connecting dots as any schizo would. Run off back to your trump den, faggot.

buy API3

Bit weird that crypto jumps right after massive Chinese hacks and monero runs every fucking time

>>24889572
>Leftycuck bunkerchan fag talking about BTC
Yep here is the sell signal you were waiting for
Crash imminent, screen cap this and check it

>>24889394
Institutions do not fomo. Institutions buy the red, normies buy the green.

I think most people know about bitcoin now but it's forever stuck in their heads as 'volatile=dangerous=scam'. It'll take some time, and a lot of headline about institutional adoption, before they start to take it seriously as anything more than kind of dangerous gambling thing.
I saw this tweet yesterday and was a bit taken aback at first. But then I realised that this is how lots of normies see bitcoin. Not only the ones who got stung in 2017, but anyone who first heard about it in the context of weak-handed faggots losing money.
This makes me think the large-scale normie buy-in will a lot later this time round. There's a lot of resistance to break down.

>>24889693
Crypto will stop being a "dangerous volatilve scam" thing only after it gets actual use cases.
Institutions mean nothing. It needs actual daily life support and use cases.
Which in case of BTC, will never happen due to how unusable it is for payments.

>>24888895
>nobody cares. The growth is organic.

If nobody cared, why is it going up?

Reddit tier logic.

>>24889773
even many anons are still stuck in 2017 fud

>>24889693
I'm a noob to all of this but to me if a market is volatile it means there are opportunities to make money

There was no features back then in 2017. Features flatten the price. It is hard to raise the price by retail when you have features. In 17 december 2017 exchanges introduced features and BTC shitted the bed. This time it may break 50k with consolidation around 30k

>>24889783

organic logic =
>decreasing BTC inflation
>quantitative easing
>world getting richer and looking for a store of value

Just try to use your brain for more than 2 seconds when reading something.

>>24889687
right. you have a point. probably normie institutions is what i mean.

>>24889773

it is not for payments since about 2015. The use case for bitcoin as a store of value has been posted here ad nauseum.

>>24889687
Institutions are also notoriously good at positioning. Don't think for a second they would have any qualms a out crashing this market just so their Cthulhu buddies can get some cheapies.

Institutions are not your friend, they are malignant leviathans and they will fuck and manipulate you if you let them.

>>24890524
Store of value is a meme. Literally.
It's exactly why people think BTC is a scam.

Now try to compare it to gold which has an actual use and demand where even the ghettoest of nigs knows its value.