/biz/ - Business & Finance

perfect dip, just in time for me to be able to buy it, thanks pardner

after it falls to $12k Bitcoin will go through a mega bear market back to $3000 which will be fueled by Chinese ban

Screenshot this newfags

12k?
id personally empty my bank account to buy that as most people would. i cant see it happen. even 19k seems low

>>25146354
oh fuck i never considered what if china bans bitcoin

what if the US bans bitcoint

WHAT THE FUCK

>>25146354
Dude i heard the SEC is suing the CEO of bitcoin

>>25146411
yet it was 3.5k a year ago and you didn't empty your bank account to buy.

>>25146446
Delete this

>>25146242
I also think this is possible, but I have no evidence. When is your evidence?

>>25146453
because my bank account was already empty

>>25146453
I sure did, and I'll sell your mom to buy more on that dip

>>25146354
This is exactly the kind of FUD we need. Thank you.

>>25146242
You had 7 months

>>25146242
I'm sorry dude, institutions have an unfathomable amount of money at their disposable. Be surprised if it even manages to dip to 18k. We could see profit taking at 25k which could dip us to 21k again, but we will never see near 10k prices again. Screencap this

>>25146481
*what* is your evidence?

>>25146242
Would love for it to go that low, though the only thing would be if the March situation repeated, which is plausible if President Joe Biden implements another cuckdown.

>>25146242
if this shit is going to reach 100k there can’t be many big pullbacks. The curve might go up until next year

>>25146242
It looks like it's making a diamond top.

>>25146446
OH FUCK ITS OGRE!

>>25146536
If there's no stimulus, the stock market might crash.

>>25146486
same
now i can finally hop on the crypto express and everything is completely untty prices or literal scams

>>25146486
this hurts

Please tell me altcoins will moon like last bull run...

>>25146702
Boobaaaaa

>>25146702
A few of them will. Not random shitcoins with no users.

>>25146567
There's more than enough money in the equity markets, the only thing keeping the economy from overheating (inflation) is the cuckdown. It's why these niggers in congress won't send us checks

>>25146242
>He thinks there will be a return to 12k

lmao

>>25146749
when we do will you think its over?

>>25146774
Normies will think it's over if we return to $12k. Are normies FOMOing in right now?

>>25146430
The SWAT already raided Bitcoin headquarters in the US. Its over, anons! To three digits now.

>>25146242
GBTC is the perfect blackhole for Bitcoins. They suck in $1B worth of BTC a month which never comes out. It’s a fund.
I think we’re never going back below $20k

>>25146242
I think the bottom will be 14k i'd love to see a test of the previous log curve however.

>>25146874
Don't they sell when the shareholders sell?

>>25146886
Would that put us at $12.5k or lower? I think $12.5k is the lowest it could go now.

>>25146446
>>25146464
Do not delet

>>25146874
https://twitter.com/nsquaredcrypto/status/1341771379847405568?s=20

>>25146242
or it'll just crab building support for the next leg up with a scamwick here and there...

>>25146906
It will go to 14k at the very least with a possibility of a flash crash to 7k to liquidate people that long at 12 and 14k. I think that's why we pumped to 24k it would of double topped but the fakeout seems to be working far better in instilling fomo and greedy longs. That's what happened in March in the dip to 4k there were a ton of longs at 5.5k to 6k in the previous run up that thought they were untouchable and got liq'd. We are still in a crab especially with the introduction of margin trading.

>>25147011
After it hit $24k the FOMO almost worked on me.

>>25147011
I think LINK would hit $4.75 in the $12.5k BTC scenario. Probably lower if there is a flash crash to $7k, but I don't have much hope for $7k.

>>25147011
There are lots of LINK longs that probably think it will never go below $5, and that's another reason why I think we could go below $5.

>>25147037
Yeah I figured it was a fakeout with the price action. So I shorted at 22k I said jokingly it would go to 24k. I should've known to listen to my instinct. I saw the hour backtest and didn't check if any longer time frames would be backtested up here there's a daily backtest right where it bounced off, just like at 4k.

>>25146890
They bought a lot when it flash crashed. Plus Grayscale’s ETF has a time lock which disallows investors from selling until after a 6-month period.
So most of the investors who are getting GBTC exposure whilst paying absurd premium of 40% plus a 6 month lockup are long term holders.

>>25147141
>hourly and daily backtests.
I'm having trouble following you, but I'm interested. Are you talking about shorting it at $22k on Dec 21st or Dec 16th?

>>25147083
Alts are weird rn, they should've ran up this week. I think with the breakout in BTC it cause a lot of fomo. I hope too many people don't get hurt in the ensuing crash, it's hard for me to complain though when it's happened to me plenty of times.

>>25146242
That's a nice dip

>>25146816
>Bitcoin headquarters
found the jew

>>25147221
My theory on alts is that whales used the rise in BTC to gradually sell their alts. This has left the alt markets very thin. At this point they are now flash-crashing the alts in order to accumulate more. If BTC also drops significantly, then alts will crater and the whales will be able to buy massive amounts of alts for cheap.

>>25147215
Essentially you have the original trend line and after it gets broken you would buy or sell at the specific trendline, it's a very common occurrence. Try drawing a line say from the last bullrun in 2017 to the previous low in 2015 and you would see the trendline being tested at it's ath the same thing occurred in 2019.

>>25146242
Imagine not knowing this

>>25146411
why didn't you do that 2 months ago lol

OP's a fag
here's what will happen

>>25146242
OP's a nigger
here's what will happen

hedge funds and institutions take profit too if they bought mainly at the point of control around 9k and 10k that’s till a 3x if it makes it to 30k and 2.4x if they distribute now. whatever happens i’m ready for it

Frend, stop dreaming about the dip, btc will not be below 20k again.

>>25146446

>>25146543
This. If you're going to listen to say "omg bitcoin will be *insert six figures number* in 2021" then if bitcoin dumps to 10k and continues to have setbacks then its not going to moon to 100k in 6 months after dicking around in the teens for months on end.

>>25146446
He can't sue my dad!

>>25147959
BTC did a 24x in 2017 ($813 to $19.6k). If BTC dips to $12.5k it could still easily do an 8x and hit $100k at the end of 2021.

>>25146242
I love when the line goes back in time slightly

>>25148078
Nice

>>25146242
leaked documents disprove your theory

>>25146242
absolutely delusional. you had every chance to buy below 20k, you will never get another.

>>25148423
thanks. just sold.

Any stimulus I get is going into bitcoin, pretty funny when you think about it

>>25146411
dumb coomer brain

>>25146446
Source? CSW hasn't been arrested yet so....

>>25147371
This

>>25146453
i did, then i sold my 3 BTC for 500$ profit because i thought i should be more responsible.

>>25146446
Confirmed. I have a friend that knows Satoshi and says he got served with a supenoa. It's over.

>>25147451
It breaks the ATH then dumps to pre-ATH levels before entering the price discovery phase

20 week MA is a decent bounce indicator. ~15k right now but if it still pumps up the average could be a lot higher too