/biz/ - Business & Finance

>>25251540
Yes

buy what?

>Not gonna buy at 33k.

Price needs to go down so I can sell.

lets be real, if you didn't buy at 18-19k you aren't buying at 31k

you're just holding shitbags bleeding in sats and watching painfully

>>25251540
The returns are not good enough at this point. Anybody buying this late (like me) would make 1.5x-2x max this run.

Which is why buying alts like ETH and LINK are a better idea because you get the 2-3 week lag of BTC mooning and then the alts mooning after that as BTC leads the market. There is obviously the classic risks alts pose with this but imo looking at BTC's gains is like getting a preview of the alt market 2-3 weeks from now. ETH alone has a potential to do another 2-3x from here.

>>25251691
>ETH alone has a potential to do another 2-3x from here.
you really think? i was planning on selling off my pathetic stack in january and waiting for it to crash again lmao

>>25251691
> an 8-10x in a year is not good enough
You will stay forever poor with this mentality. Go buy fucking powerball tickets idiot

>>25251737
ETH could unironically get up to a $1T market cap this run, you do the math. I hold 16 eth and am still accumulating. The money is going to start flowing into it now that BTC is getting expensive, I still think BTC has a 3x in it

>>25251540
It's a new paradigm, and everybody who doesn't buy, now, will be priced out forever. Anybody who does buy will be rewarded with a lifetime of riches, as their bitcoin will continue its 30% monthly price increase.

Nocoiners, and anybody born in a future generation, will not be able to afford a $10,000,000 satoshi in 15 years. They will live in tent cities, and Hondas.

This asset bubble is different than all of the others - it will never slow down, or pop. The gains are permanent.

>>25251756
im not saying 8-10x is not good enough. Im saying this late in the run you're not going to get 8-10x buying BTC. You'd get 8-10x if you bought 5-6 months ago.

The risk is too high for BTC to come crashing down from it's ATH and for you to make a loss, and the reward for buying in now is too low to make a good return. You make +30-50% buying in now, maybe, but is that really worth the risk of you losing half of your money or more? Its simple risk vs reward.

Im saying buying a high performing alt coin is a better idea right now, in this very moment than buying BTC. Not that buying BTC is never a good idea.

>>25251691
btc still has x5 from here summerchild.

Either way it's hilariuous every new generation of degenerate gamblers does the same. We are going to have an alt season after all lmao wait for the waves of degenerates that arrive late.

>>25251691
>>25251787
There's still a 10X from here this cycle lol
It will be literally unbelievable
On top of that One Sat = one cent will be true in a few years, my bet is 7 to 10, and we will never see these prices again after the top of this cycle's bullrun, even if there is an 85% drop which also might not happen this time

Still 27k, literally no reason to make me look.

>>25251825
>>25251904
Unironically what people said in 2017 before the death spiral to zero and in 2013.

>>25251904
>>25251924
>btc has10x left in it blah blah blah

no, no it doesnt. Stop getting euphoric. BTC may get to $100-110k if we'e being very bullish. People need to tamper their expectations. Market caps do not grow linearly or exponentially. They grow with diminishing returns.

https://www.blockchaincenter.net/bitcoin-rainbow-chart/

110k COULD happen by the end of this run but you idiots would be hodling waiting for 1 million if that even did happen.

>>25251899
>The risk is too high for BTC to come crashing down from it's ATH and for you to make a loss, and the reward for buying in now is too low to make a good return
can you believe i told myself this at 100$? I'm not making the same mistake again im holding until 1 million.

>>25252018
Also what people said at sub 2k in early 2017, prices we have never seen since

>>25252050
>110k COULD happen by the end of this run but you idiots would be hodling waiting for 1 million if that even did happen.
well that fit my post >>25252057 well.
you're damn right i'm waiting for a million.

>>25251924
doesnt matter what satoshi said in the whitepaper. if it mattered btc wouldnt even have btc as the ticker since its not even the same underlying technology anymore. what matters is public perception and how everything behaves based off that. whitepaper is like an instruction manual nobody reads that shit or gives a fuck about it.

>>25252093
I didn't say anything about satoshi or the whitepaper

Im DEADASS about to buy at ATH

bitcoin literally wont stop. There wont be a dip. The correction was supposed to happen 7 times already. We are clearly headed to 40k.

Convince me not to put a cheeky grand in bitcoin right now.

>>25251904
and who would buy your bags at 100k?

AAAAAAAHHHHHHHHH
AAAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHH

>>25251655
Why do you people care about sats so much? USD value is much more important to me.

>>25252073
Actual unironic cope. IN the first place, BTC has already failed its usecase, which means the people insisting this is the future are people who do not care about technology or decentralization but purely that Banker Token Central will "number go up". Yet now that we know it's manipulated by 1) tether 2) chinks 3) probably russians/arabs 4) US/UK banks, why do you think they'll be your buddies and let number go up forever? Is that how things work in your head, after this was launched in the wake of the 2008 recession to escape predatory banks that fleece people of their money? What will actually happen is that one of the manipulating forces will decide to rugpull the others, which will start an institutional chain rugpull and eat up all the little guys.

By then of course the number of little guys may be so many that the price remains above 15k regardless, so you may be right, but why would I "feed the beast" and buy something which logic dictates is a failure promoted purely by people who want to win Powerball but have shitty luck and think Goldberg Sachs will let the little guy get lucky just this once?

>>25252215
because if you put it in to BTC and it hits 40k you make a 33% profit.

You put it in ETH and BTC hits 40k you make 200-300% profit. Do you not like money or something?

>>25252239
me who knows its going to 400k and DCAing until then.

>>25252282
and who would buy your bags at 400k?

>>25252272
I do not speak schizo

>>25252291
everyone else who knows its going to 10 million when im dead.

>>25252215
Big money player here. This board really is just a bunch of shithead kids lol

>>25252268
Because if something is "bleeding sats" it means bitcoin is outperforming the asset therefore it was better to hold bitcoin. Ofcourse the dollar value matters but the point is to find stronger investments than the strongest one of all.

>>25252291
institutions to hedge their positions when BTC becomes a 1million stable coin

>>25252303
>>25252312
Sounds like the greater fool theory to me

My boomer 77 year old stepdad has been psyching himself up to fomo into bitcoin for the last 4 months. It's fucking sad. I have been telling him to buy in sense 10k, but normies truly are retarded. "Wow it tripled in one month, TIME TO BUY!!!!" I think he will literally buy at 30K and he will have said "wow it's SO expensive!", all the way from 10k. Dude has 1 mill sitting in his IRA. He could literally buy 1 with 3% of his portfolio, which I've told him.

I bought all the way from 9k to 20k and have accumulated 2 Bitcoin. Most accumulated between 9 and 12k. I just got a big cash wad and I am debating on throwing it on more bitcoin or waiting for a bit off a possible pullback once CNBC puts on the FUD show so they can say "boomers, if you're going to fomo, now would be the time!"

>>25251899
>risk versus reward
>not understanding basic economic principles, the inevitability of BTC reaching a certain value

Youre retarded, nothin personnel kid

>>25251899
you have no fucking clue dude.
do not listen to this child.

>>25252325
why so greedy at 77yo with 1 million though?

>>25252323
that's ok

>>25252302
>s-stop mentioning the banks even though all the maxipad tards are giddy over banks getting involved because THIS TIME the institutional investors won't dump, not like 2017 and 2013!

Kekkle you guys really are a laugh. 4 year cycle, now that it's been 'established' will be maintained so people will play the game, just like the general stock market. Alt season and shitcoin season will also exist purely to fleece retards. Crypto is no longer an escape from boomer finance, it's been tied direct to it. And millennials/zoomers combined have 5% of total wealth. That's funny.

>>25252379
>>25252332
prove me wrong faggots. Until you provide a counter-argument you're just a couple of seethers getting to high from BTC hopium.

>>25252445
Why do boomers do anything? Though a 77 year old is actually Silent, not boomer.

>>25252445
"I don't want to miss this boat"
Honestly I feel bad for him. He chased the dollar really hard. He wanted to make his first million. But he finally did it at an age where his legs barely work, his penis doesn't function, and he is in and out of the hospital and sometimes wearing adult diapers. I think it's just amusement for him at this point. What is the point of sitting on 1 milly when your cock wouldn't even budge an inch even if a tight taiwanese virign whore was sitting her wet pussy on your dick? I think he aims to leave it too his kids. I like talking to him about stocks. He has made some based boomer moves. I talked him into Tesla and I pulled out like a bitch after doubled my stack and he showed me the boomer ultra grip and qaudrupled his stack.

>>25252526
>hahahahahahahahahahahhhahahahahahahahhahahahahahaahahahahhahahahahahahahahahhahahahahahahahahahahahaahhahahahahahahahahahhahahahahahahahahahhahahanationalizebankshahahahhahahahahhahahahahahhaahhahahahanationalizeeverythinghahahahhahahahahahhaahhahahahhahahaha

>>25251540
I am going to buy the dip from 45K to 35K.

HOW DO I SAFELY BUY BITCOIN WITHOUT HAVING MY ACCOUNT HACKED, BANK ACCOUNT INFO STOLEN, ETC

>>25251540
>Didn't buy at 3k
lmao

>>25252623
When it crashes you will jump under a train

>>25252586
Smart decision

THERE IS A BITCOIN VIRUS GOING AROUND FOR APPLE MAC

>>25252591
You don't. Literally every account you make anywhere will sell you data to google 100 times a day and google will sell it to 5000 strangers a day for 1 cent.

>>25252591
DAD I TOLD YOU ALREADY, OPEN AN ACCOUNT ON A REPUTABLE EXCHANGE AND ENABLE 2FA

>>25252554
>prove me wrong
There has never been a period in BTC history where you could buy and not have made money in 4 years. Reality is we don't have to prove anything to you. I bought in December 2018, I am buying now. You can have fun rationalizing why you are staying poor.

>>25252830
but seriously why now? Why not at 5k when BTC was exactly exactly the same?

>>25251540
>BTCoiners getting excited about a 8x when Link did a x50 during the last 3 years
Yikes

So should I buy ETH or BTC right now?
t. No coiner

>>25252931
Why not both?

>>25253019
because there's a 90% chance you can get it cheaper in the future

All shittokens are pumping?
fuck, reckted, don’t be a retard who believes in it
follow this one and forget about stupid investments
> #mettalex

>>25252325
Put your cash wad on Ethereum, you already have enough BTC to make it.

Same way not buying ORO tokens sub $1 feels. It's going to be more tears for people who are ignoring the Gem so early

>>25252830
>>25252830
im not talking about holding BTC for 4-5 years retard im talking about taking profits this run. Yeah, sure if you wanted to buy BTC and wait 5 years you probably would make some gains. But the end of THIS RUN would be a 100k BTC max, around 30k btc minimum before the bubble pops and BTC goes back down.

It could be 3 years before you see any appreciable profits above 20-30% if you bought BTC at this very moment in time. It could crash tomorrow and you'd end up at a loss waiting to break even for 2-3 years.

For what? 1.5x - 4x gains?

Why not put your money in alts at this point and maximise profits as they have much more potential to go to 5-10x +?

I only have 1.5 BTC and I wanted to have 2 BTC by 2021. I only get paid 5k a month. I will literally never be able to catch up to Bitcoin's price will I? I will never own 2 Bitcoin.....

>>25251904
Ok boomer

>>25253129
you can just sell now an buy 2 btc in march to be honest

>>25253012
ETH mostly, but also get one BTC. Also get one good altcoin and put your gains in ETH/BTC.

>>25251540
People buying now have a high chance of losing half the value in a flash crash. Why would you ever buy a top like this? Unless you were an actual retard gambler.

>>25252276
what do you mean by making 300% with ETH i dont get it? you think ETH will outperform BTC on its way to 40 k by x 3?

>>25253224
>you think ETH will outperform BTC on its way to 40 k by x 3?

yes. if you bought 1 bitcoin now at 27,000 ish dollars and waited for it to go to 40,000 dollars you would make 13,000 dollars.

if you bought $27,000 of eth and eth's price doubles (which it probably will because it hasnt even hit it's previous all time high yet) you would make $27,000

The only reason you would not do this is the slight amount of risk that comes with buying an alt that follows BTC. This is the real reason alt season starts. Because people see that BTC is going near it's peak and still want to make money. This creates a snowball effect and inflates alt prices.

>>25252554
when did you get into this? i remember guys like you in 2017. i was there my self for a while. there is a limit to the btc gains yes, but they are out there where you will not believe it. for this AND the next cycle. Now 1 btc can buy you a car. next time its a house. ads for exchanges and stores accepting btc will be all over tv and social media. im not predicting a collapse os our current financial system. I dont care or believe any of that. but i believe btc will gain tremendeously. i cant prove it and i wont try to. look at back at former cycles and not just the graph but what happened and how adoption was attempted. fomo is the biggest power here though and thats why we are seeing these huge boom and busts.

>>25252305
How big?

Can someone just tell me if I should buy BTC now or if there will be another bear market in 2 months (like always so far) anyways?

>>25252268
>2011+10
>Still using fedcoin as a unit of account

Shigger de diggers.

>>25253489
the problem with your argument my friend that log charts already account for that. Log charts take out exponential growth as a factor which is why i think the BTC rainbow log chart is a good ballpark figure for how high btc will go this run. You can see the macro bubbles BTC goes through each cycle.


We have way more data than 2017 for the price history of BTC to make more educated guesses. This is why i think smart money (banks) have not bought in to btc en masse as of yet. Because there was not enough data for analysis for trends etc which are now starting to form. The smart money is creeping in now we do have that data and they are able to make solid low risk investments.

2017 was the wild west. We are not in 2017. Making wild guesses that BTC is going to hit 1 million this run is useless copium for people who currently have 0.1btc and want to make it.

https://www.blockchaincenter.net/bitcoin-rainbow-chart/

>>25253536
Yeah, it's obvious that there'll be a pullback, but at what price, 26k? 25k? 30k?

Is it gonna crash or keep going?

It's really hard for me to see that for you, Jerry

>>25252215
WTF a grand? That's more than I make in a month, be careful bro

>>25251691
you're ngmi.

>>25252093
>blocks your path

>>25252018
So far that sentiment still rings true. 18 yo kids RIGHT NOW are forever priced out of BTC unless they get a good job. I was lucky and when I was a kid 1 btc was only like 50 dollars. So keeping up with that logic, in another 4-5 years, 18 yos will probably be priced out of most major alts. Now imagine how fucked kids in 10 years will be with crypto. They literally won't be able to buy anything. It'll be like the stock market, where if you don't have at least 20k-50k saved up you may as well not even bother.

>>25252276
always do the reverse of what /biz/ says

>>25251899
We all thought like this once. But if you don't want to learn from your peers then go ahead and learn the hard way.

>>25251691
You'll make a minimum of 4x, maybe 7

>>25252291
DeFi platforms who accept Bitcoin as a security and I can loan against

>>25253129
Take a 25k Tether loan on Aave, buy Bitcoin. Wait for it to go to 50k (May 2021), sell half a Bitcoin and pay back Tether loan. There.

>>25253201
People said the same thing when I bought. That was at 3k during the 2017 bullrun

>>25253720
>https://www.blockchaincenter.net/bitcoin-rainbow-chart/

1 mill this run is perhaps wild and wishful thinking. id never claim that. looking at your chart we could be at 200k in a year or 300k in two.
100k 5x
200k 10x and
300k 15x
you started out saying we'd go 1.5-2x in btc.
that could happen and we could crash, but it would be for reasons outside the realm of crypto eg. a financial crisis of sort like a huge covid19 hangover. i am aware magical internet money would probably be the first thing to leave investors portfolio.

>>25254168
>200k in a year or 300k in two
only if the cycle is lengthening by a lot, which doesnt look to be the case.

Last time it took 6 months from the halvening to a new peak. This time the halvening happened in may. I suspect a paak end of Q1 2020 which would be around 130k max.

After this it will crash and go through another cycle which means you arent getting 200-300k for another 4 years.

>>25253720
All the rainbow chart is saying it depends on how fast Bitcoin grows lmao. If Ethereum does the gains you're proposing it will collapse faster and we'll get a similar situation to when ETH reached it's ATH the first time. Show the rainbow chart for Ethereum

>>25253918
>always do the reverse of what /biz/ says
But /biz/ is always saying to always do the opposite of what /biz/ says?

>>25254398
You're expecting 130k Bitcoin at the end of Q1 and you're not buying? Wtf
I'm expecting 33k Bitcoin at the end of February and I'm super bullish

question was
is it better to buy alts than btc? who knows? what do we know?
im guessing 5-15x from here. which alt will do this? good luck finding it and dont come crying when you get a load dumped in your rear end.

speculating is about one thing and its reward vs risk. yes you made this much, but at what risk? did you go all in on a shitcoin and made it good for you, but the risk was huge and youre a fucking tool to be playing that game with your hard earned money. find oppertunity and lowest possible risk and you will surely make it. chasing pumps will leave you in a ditch even if you make some of them.

>>25254495
that is the bullish estimate based on the rainbow chart. My personal estimate is around 50-60k

>>25254443
>show me the rainbow chart for ethereum

lol

>>25254495
some of the number on this picture are edited, saw the same pic posted yesterday and it was 29k Feb 2021

>>25254495
>>25254588

also to add to this my reasoning for 50-60k is that the peak in the rainbow each cycle gets less and less steep per cycle as the gains become less and less exponential. 2014 peak actually breaks the chart. 2017 peak hits the top. I would expect a flatter peak this time through that does not even hit the red areas of the chart. The peaks are getting lower.

>>25254664
Then that was the edited one lmao though I dunno why anyone would do it

Post is in the archive

>>/biz/thread/S16619458#p16620970

>>25254026
I don't take Altcoin advice.

>>25251825
>It's a new paradigm
thanks just sold 100k

>>25255063
OK.

>bitcoin at 10k
>"The returns are not good enough at this point. it'll go up to 20k at the absolute maximum... and let's be honest, it's more likely to drop or stagnate at this point. I'm putting my money elsewhere."
>bitcoin at 20k
>"The returns are not good enough at this point. it'll go up to 40k at the absolute maximum... and let's be honest, it's more likely to drop or stagnate at this point. I'm putting my money elsewhere."
>bitcoin at 40k
>"The returns are not good enough at this point. it'll go up to 80k at the absolute maximum... and let's be honest, it's more likely to drop or stagnate at this point. I'm putting my money elsewhere."
>bitcoin at 80k
>"The returns are not good enough at this point. it'll go up to 160k at the absolute maximum... and let's be honest, it's more likely to drop or stagnate at this point. I'm putting my money elsewhere."
>bitcoin at 1 million
>"The returns are not good enough at this point. it'll go up to 2 million at the absolute maximum... and let's be honest, it's more likely to drop or stagnate at this point. I'm putting my money elsewhere."

>>25252526
>And millennials/zoomers combined have 5% of total wealth. That's funny.
haha yeah it's hilarious we're on the brink of an eat-the-rich disaster lmao!

>>25252215
Fuck off back to kikebook

>>25252591
bitcoin ATM

>>25252268
>USD value is much more important to me.

>>25255588
based

Willy Wong and Ari David Paul see a good probability of a top over 100k at the end of this cycle. Both are credible

>>25254026
What is the catch? How much interest? What do I need to provide to get the loan?

>bought at 4k
>bought eth at $3
>me, a wolf

>>25253917
You realize sats are a thing? Retard

sodl at 19
won't buy until its at 14
go suck a dick, OP

>>25253224
ETH is underperforming where it should be. Betting on ETH right now for new purchases will likely net a greater return than BTC, and ETH is definitely going up.

>t. guy who doesn't hold ETH

>>25253128
dumb zoomer