/biz/ - Business & Finance

He bought the bottom

>>25016385
broke pleb who thinks he knows more then a billionaire who got rich during the tech boom, rode a 99% drawdown in his company, got it back on top and now put over a billion into btc

>>25016385
>HE BOUGHT THE TOP LMAO
he bought the bottom of the new bullcycle.

>>25016444
Checked, I actually sold 50 coins at 1200 after the ath broke, then we dumped back to ~900 I thought how great of a trade it was cause I figured it was another year of crabbing, then we went up ~20x a year after. Btc above ath is not something to play with trading in and out

today I will remind them

>>25016585
Yeah, zero real interest for shitcoins, just Tether printing behind this bubble.

>>25016556
>then we dumped back to ~900
This was January 5th 2017 or something.

I remember it like it was yesterday.
Back in 2016 I thought I was hot shit, literally telling people "lol babby's first dump" whenever Bitcoin had a dip. But that Jan 5th dump absolutely spooked the soul out of me. Wouldn't even phase me today.
Time in the market >>>>>>>>>>>>>>>>>>>>>>>>>> timing the market.

>>25016624
Cope, usdc which is fully audited and is based is growing much faster then tether these last 12 months and should match it this time next year

>>25016624
>zero real interest for shitcoins
yes

>>25016709
cope

>>25016688
Checked, yeh I remember that week my portfolio what I held lost almost 40% but then it was hilarious watching people freak out over the “crashes to 3-4k”

Why is /biz/ so sure that these whales are not going to dump and buy back?

>>25016585
Today I will embarrass you newfaggot

>>25017006
holy shit
HOLY SHIT

>>25017006
this

>>25017006
d
e
l
e
t

>>25016385
Imagine thinking you're smarter than a billionaire boomer investor, he didn't bought "the top" he and his friends are the ones who set the price

>>25017006
This is alpha.
Dangerous giving it away like this.
OP is a loser, takes very little personal risk, and has started 0 companies.

>>25016385
Still thinking that this is good for a supposingly "p2p e cash" lol

>>25017006
>>25017211


can someone explain this graph to a brainlet

>>25016385
he literally has his avg price at 16k
are you retarded or something anon

>>25017356
Btc interest is only slightly higher then it was in the beginning of 2017, Yet the price then was 1200, it’s now 23k. So it’s primed for another run, this was before we peaked in December and btc had gone 20x that year. Many alts 100-1000x’d in the same timeframe

>>25017356
The graph is self evident.
An explanation won't help you.
Google Trends:
https://trends.google.com/trends/explore?date=today%205-y&q=bitcoin

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

>>25017461
>>25017473


thanks fren,


how do you calculate a possible top and when?

>>25017356
It's cope. He tries to imply that the ATH came first and then people began googling bitcoin but he (and the rest of the redditors sucking him off) conveniently ignored this chart >>25016734 which singlehandedly destroys his theory. When the bull run happened in 2017, people rushed into alts right away chasing the x1000s that they missed out on bitcoin and ETH pumped harder, going x10 in sats in parallel. ETH right now hasn't even moved in sats for the past two years, as if nothing has happened in the past couple of months. It goes up in dollars but stays at the exact same level in bitcoin value. Mind you this is with ETH2.0 release. Because people are not buying alts, because they don't believe that alts will rise, which means that the people pumping bitcoin are not people actually investing in crypto else they would seek higher returns for a higher risk in alts.
In the most dumbed down terms, bitcoin is getting tethered like the US economy is getting Fed'ed. Here's the tether graph and the blue line is the tether market cap. You make your own conclusions as to what doubling the amount of tether in 3 months would do.

>>25016556
this. I did the same at 1200, 3000, 5000. Sold right before the dumps and felt like a genius until it ripped higher. This is how you turn 25 bitcoins to less than 5

The top of this cycle will come once btc is at peak exposure again; so look for signs like btc past 80 on trends, lots and lots of normies talking about crypto, mainstream news talking About it not just in the finance sections, pop culture covering it. Also remember that these institutions thatve bought billions worth, will spend many millions advertising so this next bubble will be much more “obvious” then the last, kfc had a bitcoin bucket of chicken for sale at the December top in 2017. I’ll be taking some profits when I see it frothy, but I’ll always hold a stack as I believe the top isn’t until golds market cap, top this cycle Is tough as in December 2017 btc went up 100% in a few weeks for a blowoff but I’d say 120-180k, December 2021 or at the latest q1 2022.

>>25017789
I dont buy it, im newfag and bought 0.8 btc and no shitcoins.. ppl nowadays know btc is where it is

>>25017789
Today I embarrass you twice in a single thread.

>>25017789
Here's another chart that displays it more obviously. The tiny rise that the alt market has gotten in the past couple of months can be explained through that same tether pump flowing into alts. Without it, it's like nothing is happening at all and today would be no different than the middle of 2019

>>25016385
lmao he fomoed in with borrowed $650M over what? two days?
it couldn't be a more stereotypical euphoria

>>25017789
Hasn’t moved, went from .018 to .042, back to .028 while btc is running and surpassed ath, holy newfag and as was said before usdc is growing more rapidly then tether and it’s audited and us based

>>25017909
>pulls up pre-alt ETH chart with another one of his schizo takes
holy cope

>>25017936
>i-i-it went to 0.42 for a day
ETH is currently at 0.28, as it was in June 2019.

>>25017909
don’t bother with the guy he’s a clear nocoiner mongoloid, as has been said here usdc is growing more rapidly then tether as of the last year+ and its audited, so yeah that kills the nocoiner coper

>>25016385
>HE BOUGHT THE TOP LMAO
oh god, there is no hope for OP

>>25017896

I BTC goes up to 100K im set for life, will probably start DCA at that point and put 80% into boomer funds.

Hearing that the range ((might)) be 120 - 180k is very pleasent.

>>25017727
you pull it out your ass and hope you get lucky
if you do you can then sell your 'proven trading strategy' for thousands of dollars a go and never have to work again

Lmao

>>25017006
Op eternally blown the fuck out

>>25018030
Top kek seething new fag.

>>25018030
Btc was 8k then, it’s now 23k, btc has more of the market share now, do you understand at least that part of it? For eth to maintain a parity of .028 on the btc pair then funds have had to flow into it to match the move btc has had, otherwise it would be well below that .028 figure. It’s hard work explaining to newfags the absolute basics and it’s why they’re poor, midwits are untrusting by nature and take no risks, investing in any market is a risk and you’re paid a return based on how much risk you can handle

>>25017910
Holy shit you're a retarded newfag. Alt cycle takes serious confidence in btc surpassing and holding above ATH to start exploding, peak alts doesn't happen until btc has done multiples. Btc only broke ATH last week and you think alts should be breaking their ATH's already? Lurk moar nigger.

bumping based thread with sage advice

>>25018236
>new fag
you're not fitting in reddit

>>25018385
My claim is that when BTC rose, ETH rose with it but then it rose x10 more (the sats part) because people were seeking to re-experience what they missed out on by missing the bitcoin moon. This is a standard flow of risk during a definitive bull market, i.e capital seeking even more risky investments to earn as much as it can during the bull run. No one is seeking alts right now. This means that people are not actually thinking that this is a new moon else they'd be going for alts as well, like they were in 2017, what's actually happening here is money that is not the average investor -- tether, is what's causing the rise in price. Every single chart I've posted so far, from the zero interest in bitcoin by the general population even up to the tether chart itself proves it. Only deluded coping schizos deny this. You can't just draw your "btc breaks ath" arrow on a chart as obvious as this one. Because this is obviously nothing like 2017, which is my point.

>>25018458
>others said newfag therefor I'll join
Not fitting in either.

>>25019056
>tether, is what's causing the rise in price.
Your entire premise is wrong.
From February 2018 to July 2019, Bitcoin price was flat (started/end the period at $11k), while the supply of stablecoins increased from $2B to $11.5B.
If the creation of stablecoins somehow supported the price of Bitcoin, why was its price unchanged as the supply of stablecoins increased by 400 percent?
(You), fixated on Tether, have no answer for this question.

>>25019056
>My claim is that when BTC rose, ETH rose

And your claims is wrong. Alts dumped on the move from $500-$1000 just as they dumped on the move from 10k-20k just like everyone on biz told you they would months ago when defi season ended.

You’re going to miss this bull market because you don’t understand the value proposition that is in front of you but you are pretending you do. You also sound emotionally distressed. Here’s a pro tip for you new faggot. Buy btc and watch the btc.d chart for a reversal then buy alts, It doesn’t have to be harder than that.

>>25019372
>stablecoins
He is saying tether, not stablecoins overalll

>>25019560
Critical thinking escapes you.
Maybe spend some time with this:
https://www.sciencedirect.com/science/article/abs/pii/S0165176518302556

>>25019560
Stablecoins all rose as well. DeFi is what exploded stablecoins and Tether. If you search by market cap, you can see all the stablecoins rose with DeFi. Even when Bitcoin crabbed, and even when Bitcoin went down, all stablecoins kept rising with DeFi. The Tether rationalization is pretty serious cope.

>>25017901
This is some high quality under-the-radar bait

>>25019056
destroying this fud because it's fun. I actually hope this faggot continues to believe his shit fud and ropes come next summer
>zero interest in bitcoin by the general population
people are not going to be searching 'bitcoin' as much since many already know what it is (or think they do). Far more revealing is 'bitcoin price' as that shows how many people are casually watching the price (traders, institutions and cryptoheads aren't googling this).
regardless, the following is true for both search terms (so this is also supported by the graph you posted)-
the only time these searches been trending higher than it is now was between Oct '17 and Mar'18. BTC broke the previous ATH in Feb '17. by Oct '17 it was 3x the previous ATH.
So there is actually more interest right now than at the same point in the previous cycle.

>>25017006
dangerously based

>>25017006
and some fags here think lengthening cycles is a meme

>>25019658
These gentlemen disagree: www.cnbc.com/amp/2019/11/04/study-single-anonymous-market-manipulator-pushed-bitcoin-to-20000.html

>>25019680
Tether is the coin being accused for printing money out of thin air, you are just trying to move attention elsewhere.

>>25019372
There is several things wrong with your argument. Firstly you imply that the bitcoin price was "flat", which is a complete lie because it dropped straight to low 3000s and the volume halved along with the drop. Which means that capital was actually outflowing. The tether market cap however remained about the same, even if capital was outflowing from this market, and it was not only until tether began printing again that bitcoin began rising as well. Second issue with your statement - 11b stablecoins market cap in july 2019. How did you even come up with that number? Tether and USDC alone barely make it to 4 billion, where do you get the other 8 from?

>>25019404
Were there billions of tether back in 2017? Will you just keep repeating your retarded argument over and over again?

>>25019897
destroying this fomo because it's fun. There are significantly more people aware of bitcoin right now, as in literally everyone and their 90yo grandparents. I will not post another chart with just a "bitcoin" search because it can mean anything and the people already aware of it would probably not search it again, so I will post a "bitcoin price" one which is the most relevant search term that people type when they hear bitcoin, or want to keep up with it if they dont use an exchange like us. I will also include the whole world as well, developing shitholes included. I will also include "buy bitcoin" to chart people willing to go in right now after they've heard the news of the ATH. Well, turns out that no one is actually searching these even if "bitcoin is about to hit 100k" and all that bullshit, even when celebrities are tweeting about it and even when Elon himself is shilling it. Turns out that there's zero actual interest and normies who lost in 2018 now deem it as a scam that you should not touch. The "bitcoin price" search, the most relevant bitcoin-related search, is about equivalent to 2019. So where is this ATH coming from, if not from an inflow of capital?

>>25019056
BTC broke ATH late February. ETH broke out nearly one month later. You are completely clueless.

>>25017896
120k is pretty conservative. Heard multiple parties thinking $400k is possible for a blow-off, but that ~$200k is expected for a top this cycle, based on past performance/S2F model.

>>25020396
>b-b-b-b-but muh ATH
When will you raging faggots stop repeating this delusional "argument"? Bitcoin broke the ATH on a MONTHLY BASIS for several months straight before that, and the year before that, and so on. Why don't you mention these ATHs as well, why focus on the very arbitrary one that happened in january?
And since we're speaking about 2017, bitcoin was completely unregulated, and tether was close to non-existent, and the normies still didn't know what bitcoin actually was until the 2k mark when that faggot Bilzerian began blogposting about it. Now everyone knows about bitcoin. Tether defines its price. The government regulates everything. 2017 and 2021 are not the same thing and the random ATH that you decided to pick in 2017 has zero relation to what we're even talking about.

>>25020673
>Bitcoin broke the ATH on a MONTHLY BASIS for several months straight before that
Bitcoin's last ATH before February 2017, was in November 2013. Are you having a stroke?

>>25020362
mmm yess that is so good.
everything I said about the previous two charts, applies to this one as well (save one spike in Aug that is 2pts above the current score of 17) us only.
> is about equivalent to 2019
never above an 8, again current is 17, so literally double the peak interest of 2019.
>>25020673
>Bitcoin broke the ATH on a MONTHLY BASIS for several months straight before that
no it didn't. the previous ATH was $1200 and it finally broke that in Feb.

you make it so easy. more please

oc

>>25020746
>chart
forgot I had a meme loaded

>>25020785
week 0 is the last week of december 2015, cba to index

>>25017006
Today I will embarrass ((you))

>>25020741
>>25020746
You're right here, didn't notice that it went above 1k in 2013 and I forgot the whole mtgox stuff which brings another perfect point, that the dip was caused by that and not a natural investor decision. But the rest of the points still stand, 2017 and 2021 are not the same thing. You can't compare patterns in two completely different scenarios. Which is my point, that the key factor differentiating both of these is the tether completely deciding what the bitcoin price is.

>>25020859
Did you actually turn your brain off and went into default cope mode? Do you not realize that there's a significant difference between "most people not knowing what bitcoin is and learning about it", and "everyone knowing what bitcoin is yet still not looking up its price because no one gives a fuck"? This is the chart of "bitcoin price" that I posted intended to show, that even people aware of bitcoin, who're probably in the billions right now, are not bothering to look up its price even when its breaking the ATH. They're simply not interested.

>>25020362
>11b stablecoins market cap in july 2019. How did you even come up with that number?
You are wrong. Again.

>>25016734
>cope
cope

>>25021054
what kind of a bullshit chart is that?
there were never 5 billion of "other stablecoins" back in july 2019. There were in fact hardly a billion at all which is probably what that chart shows, i.e tether + all others

>>25020973
I posted the 'bitcoin price' graph here >>25019897 and it clearly shows that other than that 5 month window in 2017, this term has never been trending higher. how can you possibly claim no one is looking up the price and no one gives a fuck?

>>25021470
I don't mean no one literally, of course that there's a small bump and even the chart that I posted shows it. The problem is that that small bump is "no one" when compared to the thing on the left and especially when compared to how important bitcoin hitting the 20k actually is. In a normal scenario where the rise in price was truly attributed to actual capital inflow, it would mean that interest was restored and whatever capital fled in 2018 made its way back here and people are now convinced that they made a mistake dumping their bags like that and now want back in and all that, which would've been the cause for the rise itself. That capital would then conclude that it's probably unlikely that we'll move further to 30k and maybe that dumping it all on ETH would be a wiser choice because it has a lagging price movement, or maybe even going further and dumping it on a coin like link for a better growth potential. You get the idea I've been typing all of this for a couple hours already.

Well, none of it is happening. The tiny bump in "bitcoin price" search is 21. It was 17 back in march when everything crashed and bitcoin went -30%. People were so interested in seeing how bitcoin is crashing, but just a little bit more of them (less than a third more) are interested to see it break the legendary 20k ATH? Do you not see the issue here? Not only is the issue of so few people caring about the ATH but also of the fact that that ATH was not caused by these outsiders. Because they're obviously not interested and are not buying bitcoin. It is caused by the insider market. And the tether market cap is the excellent proof of this. This is really all my argument boils down to, it's so simple yet you refuse to understand it and I have to keep typing walls of text like this explaining the exact same thing.

>>25019372
>From February 2018 to July 2019
Obvious typo is obvious and strengthens the underlying argument.
Intent:
>From February 2018 to July 2020
Fat finger correction. Graphs are fine.

>>25022239
This was for you.
>>25021265

>>25017006
delete this faggot

>>25020951
yeah institutions buy otc didn't you know?
no btc left to sell.

>>25022057
Obviously normies won't care about BTC beating its ATH. Honestly it's not a big deal. It's not even particularly exciting even for hodlers. What, was it like 20% pump? woodyfuckindoo. It'll garner normie attention while it's at 1,5x its previous ATH, at about 30k starting. Then they'll watch it moving until 50k, when the fomo kicks in and they start buying in masses. Normies will always be late, almost by definition. ATH doesn't mean shit by itself.

>>25022057
fuck me you're dense. it's actually you that are parroting a flawed argument, it's not that we don't understand.
let me phrase it another way- the interest and hype right now is the same as the hype in 2017 when bitcoin was 3x it's previous all time high. we're 10% above ath right now. maybe you're just attributing too much value to 20k? it's not legendary and no normies don't really care yet, same when 'the legendary1k ATH' was broken. They will care at $60k though, then you'll get to see the previous ATH interest be broken on google trends.

To summarily blow away any tether fud:
From February 2018 to July 2020, Bitcoin price started and ended the period at $11k, while the supply of stablecoins increased from $2B to $11.5B. Tether increasing from 2.2B to over 10B.
https://formula-builder.coinmetrics.io/#244
If the creation of stablecoins somehow supported the price of Bitcoin, why was its price unchanged as the supply of stablecoins increased by 400 percent?
(You), fixated on Tether, have no answer for this question.

>>25022239
>>25022301
I don't even get what you're trying to say anymore. First you mistook tether + all other stablecoins as just the other stablecoins and now you're moving goalposts to july 2020.
To address your second argument, of price supposedly unaffected by stablecoins, consider the chart I posted right here >>25019056 which specifically talks about your july 2020. It is precisely in March and onward of 2020 that bitcoin price stops moving arbitrarily and moves in an almost full correlation to tether quantity.

>>25022574
Not really. Fat fingered the date. Easy fix:
>>25022559

>>25017006
DELET
I'M NOT READY

>>25016385
>average price of 16k.
they have until 16k to liquidate in case it bull run is cancelled which it probably isnt.

>>25020951
source that
no binance? volume was 100 times greater in 2016 than during late 2017?

>>25022057
I sold at 9k. Should I buy back in now or wait for a dip that will never come? I am becoming suicidal

next stop is 38k screencap this.

>>25017098
what anime is that

>>25020951
>showing volume in BTC instead of USD.
judging by that chart, we have the same volume now as in 2013.
kys.

>>25022550
Should I give up and buy now? There's no hope for a dip is there?

>>25022440
>>25022550
You people keep conflating knowledge of bitcoin in 2017 with knowledge of bitcoin in 2020. These are two completely different things. In the former, 20% of the population knew and 80% of the population didn't. The 20k was caused by that 80% learning of it. In the latter, 95% of the population already knows about bitcoin. From the pool of these billions of people fully aware of bitcoin's existence, barely a quarter are even bothering to look up its price at key events like it dropping -30% in a few days or it breaking the ATH. Yet, it registers volume and price movements as if these people were participating in the market. But they aren't.

>>25022600
I still don't get your argument. Look at the price of bitcoin in that period and look at the tether market cap. I already made you a chart about specifically this.

>>25022726
By all means buy. It's obvious that the tether kikery has solved this whole crypto problem and that it will now be inflated in perpetuity. The only event that can completely obliterate bitcoin back to the hundreds is the feds cuffing the tether team but that's probably never going to happen because it may as well be in the bed with the actual Fed for all we know. Because none of this makes sense, that tether would double in just a few months. It's definitely enabled by them. Oh and whatever you do, do NOT buy alts. Look at link's sats chart and you will understand why. It's in the process of correcting itself back to 2019 levels. Maybe some hyped up shitcoin like graph here and there but do NOT go long term on any alt.

>>25023032
So you think bitcoin will keep rising? I thought you were saying it will crash?

>>25023032
>I still don't get your argument.
I explained it to you like you were six years old. You just didn't like the answer:
From February 2018 to July 2020, Bitcoin price started and ended the period at $11k, while the supply of stablecoins increased from $2B to $11.5B. Tether increasing from 2.2B to over 10B.
https://formula-builder.coinmetrics.io/#244
If the creation of stablecoins somehow supported the price of Bitcoin, why was its price unchanged as the supply of stablecoins increased by 400 percent?
(You), fixated on Tether, have no answer for this question.

>>25023032
Jesus, it's worse than I thought. you don't even understand search trend results. How the fuck could google know the % of people that are aware of bitcoin and give you a number based on that?
It's based on the number of queries dumbass. That means when the hype starts getting super huge, like when it's 3x or more above previous all-time highs and start setting records weekly, you have the masses of monkey slamming F5. So you get really outsized results. You actually expect BTC price to track 1:1 to search interest? That's not at all how this works, it didn't work that way before, it doesn't work that way now.

>>25022962
there always can be a dip, but it's probably not worth gambling on waiting. if you are really adverse to being underwater you could wait until the next inevitable 21wma bounce. but if I had no BTC and wanted in, I'd probably DCA ~20% a week starting now, and double it if there's a good dip, but we absolutely could revisit 20k or lower, so judge your own risk tolerance and hand strength

>>25023032
Shut the fuck up retard. You're pulling numbers out of your ass. Not that much has changed. Normies "know" ie have heard of the name "bitcoin" but they don't know any more than they did previously.

>ohhh its a BLOCKCHAIN technology!!
>i think its like a hacker anonymous cryptic coin, right?
>wait so its not just for buying drugs and child porn?

WHY WOULD NORMIES CARE ABOUT BTC BREAKING ATH?? You think they're able to keep track of news other than what tingles their most basal instincts? Muh oranje man bad. Muh btc up 200% since ATH. Being up 20% from ath aint shit and doesn't register on their radars. Have you not talked with anyone about cryptos? They don't know shit. And btc has more this time. This time we got "DEFAY" and "wow what's a DEX?". Normies will see the astronomical growth and be drawn like flies to a warm steaming pile of shit.

You're such a fucking mouthbreather holy shit, stop posting.

>>25023176
Crash? I never said that. Bitcoin will get tethered so hard that 40k may as well be a reality next year. However all alts will be asphyxiated and money will flee to the bitcoin that's getting pumped. "Will" is a wrong word to use because this is literally what's been happening since this bull run began happening. This is what my posts are about and this is my initial point if you scroll up when I posted the ETH chart. The idiots glued to me replying to every single post of mine making it appear as if I'm fudding bitcoin, just ignore them, they lack the sapience to even understand what I'm talking about. They made the entire thread revolve around me, chasing me around trying to prove me wrong. I haven't gotten so much attention in quite a while and it just doesn't stop, but now I have to go shop for the holidays so I sadly can't milk it for another two hours. However I'll be posting this in many future threads as it obviously triggers the redditors so make sure to hit that subscribe button

>>25023717
Link is my biggest holding but I feel retarded moving it into btc now with all the sat bleedage. You think there will be no Link moon? What about eth? I have a lot of that too. Btc is only like 30 percent of my portfolio.