/biz/ - Business & Finance

Don’t know what you are talking about lad

me and the boys gapped your moms asshole would you mind charting that out so all the anons can fill it?

>>25337541
Filling gaps is for boomers, we zoomer now

>>25337541
For the 100th time we are going to 50k. Bobos have been calling for a correction since 20k broke. Remember, this is a pump and dump, they operate by parabolic rises that make zero sense to entice buyers. The entire point of them is to pump past the point of logic, to make even the most cautious of buyers go "Jesus maybe I should throw a little at it in case". Breaking 30k is gonna start the news cycle, we break 40k and enter euphoria, and as everyone starts calling for 100k BTC, we crash at 50k

>>25337541
What do the gaps mean here? Help out the low IQ anons pls. All I understand is that bitcoin went up to ~$29K. I don't get the difference between the small green and red bars in your chart vs. the green and red bars floating above those bars, nor do I understand the blue arrows pointing to the gray rectangles.

>>25337741
They are already between us.

>>25337734
I've been calling 100k this time next year for a while.

>>25337541
They will be filled once they cripple BTC:
https://www.bnnbloomberg.ca/treasury-proposes-cracking-down-on-virtual-currency-transfers-1.1538749#.X94QLtVzV5k.twitter

Why do you think shorting was allowed by the CBOE? exactly, wait for the FOMO, then unleash the dump.

>>25337824
I'm not new, just very stupid.

>>25337734
BTC is not stopping anymore.

You don't really understand how this thing works. Civilization is in shambles, USD is crashing against the Euro while covid is destroying any notion of fiscal security on any measure of wealth -- except for cryptos.

BTC is not stopping anymore. In 1 year, you're going to WISH you bought in at even 30K.

>>25337741
The green and red bars are called candle sticks. They represent a period of time. On this chart they appear to represent a week. If it's green, it mean bitcoin went up that week. If it's red, it went down that week.

The blue arrows are pointing to periods where the price moved so quickly that a gap in the price chart was formed. Honestly when it comes to crypto I don't know how gaps even form because the market never closes, maybe OP can explain.

Boomers don't like gaps in the price chart. Historically, gaps get "filled" meaning the price will come back down (usually quickly) so that those price levels can be confirmed by the market in the mind of buyers and sellers. It's just psychology, has nothing to do with anything grounded in math or reality. There is no mechanical need to fill gaps, just an emotional one and there again, probably only by older traders not used to crypto.
That's why OP drew a squiggly thin blue line going down, indicating he thinks bitcoin will tank as the market desires to retest those gaps.
It will tank but not yet and not because of gaps. Bull run is just getting started.

we will see the most insane liquidity crunch any market has ever seen, possibly ever, when the US gov starts the banning, delisting XRP is just the beginning

Nottu agen with disu gappu bullshittu

>>25338189
>gappu closu

>>25337541
imagine being this retarded

>>25338010
Unironically this , even real estate is not safe as we will see real communism return due to inflation evaporating wages to neofeudal levels.

imagine pretending you care about crypto while measuring the value of your coins in USD lmao, the central banks will never allow a virtual currency to peg the USD unless it's run 100% by that central bank

>>25337541
Always depends on your feed. Gaps are not always filled. They can take years to fill.

>>25338036
>the markets don't close
gaps are a meme based in boomer logic that have absolutely nothing to do with crypto

>>25337541
where is that gap at 19k supposed to be? am i blind?

>>25338010
I'm glad more people are starting to understand. BTC is becoming the new hedge against inflation with the added bonus of constantly increasing in value.

>>25338291
Wyckoff is the G. Look into him and study exhaustion patterns. Start full position and work it off in thirds. Target 1 should be next stop run low. Aim before the level. move stops to evens when taken. Figure out where market will pull back to based on how the move developed as you were watching. Go back in. T2 is next previous low, again, put exit order in above. Rinse and repeat till you hit T3. You can 10x your starting money like that in a week. Just got to press when it's good. That's all it is.

>>25338036
that’s part of it but gaps also represent large amounts of leverage that didn’t get closed. markets seek liquidity and now there’s a big pocket of liquidity near the gaps.

>>25338325
>gaps are a meme based in boomer logic that have absolutely nothing to do with crypto

It's a low volume event. It often gets returned to. Many cases maket can move back to fill the low liquididy for assurance purposes.

>>25338634
>Many cases maket can move back to fill the low liquididy for assurance purposes.
if this occurs what exactly would this accomplish? ...even just psychologically?

>>25338010

Not Real Estate. Real Estate is safe. Buy Real Estate or Cry later.

>>25338567
Didn't know that. Would probably only apply to the gap at around 25k then, the lower ones are miniscule. How does a gap even form on bitcoin?

>>25338725
>How does a gap even form on bitcoin?
that's a great question when keeping in mind
>different exchanges
>different markets
>different prices
>different order books
>different feeds
>nonstop trading

you wanna hear the true answer?
>depends on how you look at it
now you know that gaps are a meme

>>25338390
You can see it switching to the 1D chart.

>>25338711
>thing
Unless you live in Texas or Turkey, real estate prices are overvalued in US and Europe.

BTC is the new motherfucking oil and we are the Rockefellers who realized the potential of kerosene.

>>25338056
You have to wonder, if BTC ever becomes a threat to US security and monetary policy, they will nuke it from orbit. Unless governments find incentive in BTC, why would they allow it to take over? They hold all the cards.. one law would send markets into a death spiral. Shit ONE tweet can JUST your ass

>>25338901
How can they do that? Ever?

That would be more difficult than banning porn from the US.

>>25337579
gotem

>>25337541
I dont even understand what filling gaps mean other than your moms.

>>25338959
Blocking withdrawals and cashouts from crypto to FIAT exchanges.
Seizing bank accounts related to crypto.

You could still cashout selling OTC to privates.
Good luck finding liquidity to cashout thousands or not getting stabbed.

>>25338959
They dont have to ban it, just make it illegal to trade into fiat. Destroy the on/off ramps. But before that all they have to do to crash the price is threaten these things.

>>25337541
GAP FAGS BTFO ETERNALLY

>>25338959

They wouldn't have to ban it or confiscate it retard (which would be impossible), they would literally just make it illegal to use as a form of payment to make purchases for goods and services.
You'd still be able to trade and own, but the usefulness and mainstream adoption would be wiped out over night with a pen stroke.

>>25339326
>they would literally just make it illegal to use as a form of payment to make purchases for goods and services.
Is there any precedent for that happening with any other thing of value?

>>25339055

This is when you know the entire space is now literally filled with financially illiterate retards that don't understand overbought dynamic signals.

Basically when your cab driver, mcdicks employee, ect is shilling for an investment, it's time to sell the top.

>>25339475
Has there ever been anything of value, not controlled by (((them))) that menaced to destabilize the economy system worldwide?

>>25337541
This nigga wasn't around 2013 and 2017 lmao. Babby's first bull cycle? This shit is gonna fly higher than you can dream of.

>>25339475

>Implying the government needs a precedent to do anything

There wasn't a precedent to confiscate gold either in the US, other then a great depression that people were hedging against with that very asset (sound familiar?)....
They were compensated for well below market value to bring in liquidity to the US dollar.

>>25339506
The fact that you're here showing off your extra chromosome is bearish.

>but muh gaps needs FILLED
>i'm financially literate!!

it's your gash that needs filled, so go dilate inbred tranny

>>25339725

Cope

>>25338036
This "gaps" boomer logic sounds like the result of lead paint chip consumption and statins

>>25338567
Where can I learn about this anon?

>>25338261
This guy gets it. BIG MAC INDEX FTW

>>25338010
This. BTC is the best possible hedge against global inflation and a collapsing dollar. It is the only thing that will be able to 100x your wealth in an apocalyptic collapse. Everything is now a massive bubble and everyone not in BTC is on the verge of getting fucked by a nuclear dildo. The coming two years will see countless institutions and companies and individuals pour into BTC as they realize everything else is fucked. BTC is going to $1,000,000. The fact that sounds so ridiculous is because it's true: most people still have not caught up to how economically fucked the future is and the elites are lying to the normies, pretending everything is okay when it is toally and completely fucked.

>>25338036
>I don't know how gaps even form because the market never closes, maybe OP can explain.
The form on boomer markets that are closed on the weekend. In other words retards think conventional market theory applies to a 24x7 marketplace.
Idiots.

>>25338010
>>25340164

Shit like this has happened many times before. Only this time you have a hedge.

https://static1.squarespace.com/static/5386693ce4b05d183bf2dd16/t/53aca2bce4b0dcbdb88aad86/1403822780199/Malchow_QuantitativeEasingofRome.pdf

>>25340213
Dude you need to accept the fact that nowadays BTC is a financial instrument traded in real contracts by real people, not only traded by autistic basement neckbeards or controlled by whales that manipulate the market on literally zero volume and thin order books on fake volume wash trade exchanges like the actual uptrend breakout.

>>25340164
I have listened to a 100 hours of Saylor talking about bitcoin.

>>25340467
>In A.D. 33, Rome, whose still winsome bellicosity gave her trammel over the
accumulated metals of most of the known world

>funds his belief of btc on complete economical disaster
>thinks government and the powerful will let random internet autists who bought a made up coin be filthy rich just because muh property
If it breaks the way you retards are saying, everything is out of the window, if you want a true hedge, buy ammo and guns

>>25340709
>If it breaks the way you retards are saying, everything is out of the window, if you want a true hedge, buy ammo and guns
They can't stop people buying BTC and everyone is going to keep buying into it in record numbers. If you look at it logistically, the only way the government can beat the autists is by outleveraging them by buying into BTC themselves. Yep, BTC is an economics arms race of epic proportions and goverments are going to be forced to outbuy us. Thus only reason they haven't started is because we're ruled by retarded boomers.

>>25340164
>apocalyptic collapse
I don't get it. Do you mean a financial meltdown that somehow keeps the rest of society in place. If electricity and the internet stop being viable then every crypto currency is fundamentally worthless.

>>25340865

When will that happen though? I mean I want it to happen so I don't need to work any more.

>>25340779
And what will you use btc for exactly? In your retarded view society is in the brink of collapse, you won’t trade btc for water you autist. Every “company” you retards say might start accepting Bitcoin will not even be running. If you want btc to boom, expect utopian technocratic automation, not a disaster movie.

>>25338010
>have numbers go up on a screen that are useless unless they get KYC'd by a government otherwise you can't buy shit with it

No, the USD is not hyperinflating. You are still working for USD, paying in taxes for USD, an an entire fucking army accepts USD. Tard

Gaps don't get filled when another $200B get added to the market cap.

>>25340865
>I don't get it. Do you mean a financial meltdown that somehow keeps the rest of society in place.
We live in a world where everything is a massive bubble, massively overvalued, and we have, basically, hyperinflation already (inflation is >10% because the CPI is doesn't take utilities, food, etc. into account). Take e.g. the housing market: my great grandparents bought a house in Australia for less than $10,000 and now anything decent is $500,000 and professionals are renting bedrooms for $300 PW.
This house of cards is going to have to come crashing down soon and everyone in it, most people, is going to be financially destroyed when it does. That is the apocalypse. It will be a global meltdown. Elec won't go out, though.

>>25340973
>In your retarded view society is in the brink of collapse, you won’t trade btc for water you autist.
Strawman. Never stated that. I just think we're in a situation we're heaps of people are going to get liquidated as it all comes down.

>>25337541
Zoom out. This is nothing. Wait until ETH actually begins a bull run and UNN starts 10x'ing daily.

>>25341099
And do you think they will just stay there and starve to death? Dont be delusional, want a hedge? Invest in a good lock and proper home security

>>25338711
Eminent domain.

>>25340997
The printing will not stop

>>25338036
Look at the US Stock Market
It is a much, much more humongous Jenga tower that will come down with the slightest breeze.

>>25341163
>And do you think they will just stay there and starve to death? Dont be delusional,
They will have to restart the economic system or keep printing money, making things worse, until they restart it.
>Invest in a good lock and proper home security
Locks and security are just deterrents. They add a small but beatable challenge to help deter junkies and petty thieves. Unless you can be at home 24/7 to defend your house with arms, criminals will break in if they want to. And even then they could lay siege to your house.

>Muh muh muh futures
Ngmi faggot

>>25340642
Kek. Just skip to the part about the denarius and when they gave stimulus to the plebs.

Venezuela is the model for the world.

>>25341287
Good thing once they steal everything from you, you got 5000 Bitcoins (not gonna say in which currency as to not offend you)! You just need to beg for a while to buy an eletronic device, in usd, so you can finally be able to access your immense wealth, you might be able to build a house out of anime figurines

>>25340865
As long as there is internet, electricity, and people who need currency to facilitate trade SOMEWHERE, there will be use for BTC

>>25341438
>Good thing once they steal everything from you, you got 5000 Bitcoins (not gonna say in which currency as to not offend you)! You just need to beg for a while to buy an eletronic device, in usd, so you can finally be able to access your immense wealth, you might be able to build a house out of anime figurines
Yeah, we're not going back to preindustrial conditions. Nice strawman.

>>25340467
Thanks. This looks excellent.

>>25337541
>muh gaps
Will never be filled, because the price will never go down to those levels ever again.

>>25337734
>unironically this but not quite

$0xMR

>>25342366
checked. but plz shut up
https://www.reddit.com/r/CryptoMoonShots/comments/i27fhk/0xmonero_summary_of_findings/
>>/biz/thread/S24750658#p24755504

>>25337579
Kek

>>25340164
Is that nigga's IQ really 176?

>>25338010
You're acting like the DOW isn't at an all-time high either. BTC will crash along with every other financial instrument in its proper time. The only assets that will have value when "civilization is in shambles." will be land, seeds, water, non-perishable food, guns, lighters, and women. Imagine thinking BTC would have value in a world where having electricity isn't guaranteed.