/biz/ - Business & Finance

Nice try. Barely entering media attention.

Already at delusion it seems like.

>>25598466
You can stretch this graph however you like. Reality can still take a shit on it and do its own thing.

>>25598466
I thought we were still at the Smart Money stage? At least that's what my father calls himself

Greed is correct.

Google Trends shows now that the public is looking for Etherum and BTC.

A correction of 30 to 40% will be triggered when we reach a price that is clearly higher than the ATH of YFI.

But the rally isn't over and the chance that we see a sub-20k BTC... well that chance is pretty low.

>>25598466
Revised it for ya, incel.

>>25598532
100% this! We have at least 1 year of bull run to go before we hit greed/delusion

>>25598637
Here is a vert bullish read from the same grapph

>>25598466
finally someone who gets it right

>>25598466
Looking at /biz/'s sentiment to predict the market is very elusive.
Everyone here is greedy, and we're not looking at a better sample. Look at normies, not /biz/ autists.

>>25598800
Not to mention institutional investors are still going balls deep, so we definitely aren't at the public phase.
Institutional investors Do. Not. Buy. The. Top.

>>25598929
it sure ain't the top but we are headed to a bit of a freefal amyrt

>>25598800
>>25598929
This is delusion (early signs)

>>25599069
Unironically this
Just got to wait until actual boomers try to enter the markets and newfags try to act like they know it all

>>25598466
? institutional investors just started, we are not even at first sell off

>>25599216
i have to ask.. what is the best thing to do right now with eth/link, will it dip hard?

>>25598532
FPBP

>>25598810
>despair is negative 30 thousand US dollars

>>25599406
Fuck link, what about litecoin? Sitting on choice litecoin gains, debating cashing out or riding the wave to 2000

>>25598466
You bearfaggots have been calling the top EVERY FUCKING DAY for the last three months. Fucking kill yourself already

>>25598921
ayfkm, 75% of my investment thesis is tracking /biz/ sentiment

You could literally just open the catalogue and look at the ratio of pink wojaks to indicate buy/sell signals with a pretty high degree of certainty.

> lots of pink wojaks, stack your fucking bread
> no pink wojaks, proceed cautiously

When we break 1T marketcap that will be media attention.

Not even close, we haven’t had the bear trap yet (that will last a few months like last time)

>>25598466
We're actually about to enter first sell off

Lol this reminds me of 2017 so much. I would sell within the next 2-3 weeks.

>>25599216
I already saw a few newfags that think they know everything. One of them wanted to take out a loan and short since 'IT CAN'T GO UP THIS MUCH REGULATIONS ARE COMING BRO' - after he made $250. Red flags are already everywhere. I don't know how to evaluate it, /biz/bros.

>>25599648
you don't think it will crash sooner to reinforce the numbers for the main event?

>>25599713
bears in every other thread are bullish

>>25598740
>There are people on this board that believe this

>>25599713
This means it will still go up. We are only in the beginning of this bull cycle. The moment it will crash will be when it seems like it could never possibly go down. Every other new fav is crying that it will drop because it’s 50% up from ATH. Give me a fucking break, the last few bull runs have been an order of magnitude above that. We haven’t hit the first sell off yet, this will go on for months.

The best advice I can give is pick some solid coins, hold them for at least 6 months and don’t even think about them. Then, when mania hits toward the end of the year, look for genuine euphoria and collective disbelief that it would ever go down, this is the moment you sell. You will feel alone when selling at this point, but only a short few weeks later it will become clear you made the right decision.

>>25598466
Retards, it's always greed, wtf.

We are at "Enthusiasm" now.

>>25598740
USDT's market cap looks like this. Can anyone explain why?

>>25600470
tether printer goes brrrr

>>25599648
yeah, it reminds me of january 2017. go ahead

>>25600077
nice digits fren

>>25598532
Lies if I search bitcoin there’s a bunch of tweets that means we’re gonna crash any second now

>>25599563
Fuck litecoin
t. sold before charlie exit scammed

>>25600470
Capital flight from China, you didn’t see what they just did to Jackma?

We are entering greed will be setting my stop losses once ath for eth

>>25598466
cope. people have been shouting "bitcoin $1M eth $5k eoy!" for days. normalfags are here. google searches for ethereum are at ath
this is NEW PARADIGM, not GREED

>>25601304
No I mean the chart is really square like in the diagram. I've never seen that in any other asset. Usually it's a volatile wave.

>>25599538
>I will pay you if you take this BTC off me!

>>25599713
We're still pretty early, from what I see on this board is that most newfags are still techsavvy enough to figure out how to buy crypto and handle their own wallets from boards like /pol/

I think we still have a bit, but once ETH hits 1500 / BTC hits 40K I'm going to become a bit more caucious, assuming that they will hit those targets this bull run

After that I would sell but that's my opinion desu

make it eazier

Wrong. We are entering "media attention" phase.
Only now the media is pushing bitcoin at the front page. Compare with one month ago, when bobos were laughing: there were no news about bitcoin in MSM.

>>25600077

>Look for some genuine euphoria

Because being up 5/10x isn't genuine euphoria you fucking newfag?

We’re right before media attention. The second normies get involved is when LTC starts making its run due to greed

Remember 2013? Of course you don't let me refresh your memory.

I am the autist in my group of normies. I will let you know when they ask me how to buy bitcoin

>>25598532
I've seen reports on major news networks and my stupid cousin asked me how to buy. We're at media attention for sure, I think 40k is the top this time, 50k the absolute max

>>25598466
Look at the DMG chart tho. Smart money moved their ALTS into Bitcoin today.

Discussing this graph is retarded, no matter what you say about it people will either say you're gonna fall for the bear trap or the bull trap

Gauging where we are on this graph simply on general sentiment can lead you to two opposite outcomes at the same time, it's fucking stupid, just hold and watch out for news, wait for the 15th of january to see if tether produces the documents they were asked to, that's likely gonna be an important date

>>25598466
>>25598532
Definitely right below enthusiasm
The media is on to it
This is pretty much $4k in 2017

>>25598532
i've been seeing adverts for bitcoin since 26th december, and my mom asked me if I was planning to sell now its at 30k. I think greed is about right

The previous top was around dec 18 2020, the day of a NEW MOON. Next week, on the 13th there will be a new moon.

>>25602023
Case for LTC is very bullish.
Places which accept btc also accept ltc, even ATMs features the two coins
Normies cant get around that many zeros, they want full pieces, so they are going for LTC

>>25602117
so you're saying sell now and buy back in 1 month? makes sense

>>25602996
I meant dec 18 2017

>>25598466
Stop measuring levels of public attention to the level in 2018. Historically, when BTC does a 10x, so does the public attention by order of magnitude.
Shit will go crazy before you see the signs.

>>25603160
This. It reminds me of early 2017 when people were cashing out because "dude, I saw a handful of people mentioning it like during the top of 2013!"

recognition scales up with market cap, so does craze. the media attention this cycle will be far above anything we've sen before

Bitcoin hasn't even doubled its previous ATH in 2017, once it is around 80k then you know you are at the top.

>>25602996
>>25603037
Based schizo poaster.

>>25598532
today I went to pick up some wood and some 35yo female individual was chatting with her friends, in a 300people village in the mountains of Italy where broadband arrived 2 years ago about bitcoin and how it is growing.

Don’t any of you smooth brains look at stock to flow?

>>25604062
the fact that even now, after all the vindication, that people even on /biz/ aren't aware of s2f is incredibly bullish. After all, if everyone knew about it, it'd be priced in.

>>25603017
If you sell hoping to catch the bottom you are tempting fate and will probably miss it. It is going to overheat early and stagnate in the spring.

This bull run will leave flaming ruins everywhere.

>>25601304
>jack no ma
amarightguys

>>25602021
Lol no, if you were here for previous pumps you would know that newfag

>>25604139
will they be pricing today's stock to flow valuation or a future one though? we could see serious frontrunning.

>>25603652
my mom was telling me about ethereum mining early 2017. your anecdote is meaningless.

>>25604062
https://www.coindesk.com/why-the-stock-to-flow-bitcoin-valuation-model-is-wrong

>>25605841
>Jun 30, 2020
oof

>>25605841
Stock to flow is real.
Bitcoin is going to stabilize. No one here believes it's going to infinity.
Once it's stabilized, it'll be just like gold.

>>25602828
imagine being this deluded

>>25601446
Tether is printed and burned in large batches.

>>25606245
lol kys

>>25599648
not falling for this again, i sold at 8k last rally thinking it couldn't go higher.

>>25598466
A few days ago people were saying it was the bull trap.

Reminder that any buttcoin you sell will be bought by some jewish bank or corporation and empower them even more.

>>25606245
stock to flow does not even predict the value of gold, stock to flow is real as a basic principle and a way of giving value to something like gold or BTC. It's distrust in fiat currency and hype that further drives the price.

>>25599605
>Pink fields
>BUY EVERYTHING

There is no media attention you idiots, it blasted past 20k and there was no coverage, people are accumulating and it's not the average biz user with his 50 dollar cost monthly averaging that's pushing the market past 30k. But by all means go ahead and sell like the plebbit retards who sold at 14k to buy mid-range porsches kek

>>25601304
Jackma? We’re talking about jackma?

>>25606742
>It's distrust in fiat currency
Where does this meme come from?

>>25598637
this is the real point of this thread. yeah this chart is valuable, but it's so flexible it has no value in the real world almost. you can't really tell what the peak is when you're in it just from knowing this bubble pattern

>>25606791
actually I disagree, at least when it comes to overall market cycles. We saw the pink fields in early 2018, but the markets continued slumping downward from there. IIRC the crypto market actually bottomed out in late 2018 or so.

If I'm able to swing the GBR, I won't be buying back in until 9-12 months later, personally.

>>25599538
I'd describe that price as despair yes

No media attention?
Get out of your bubble...
Fucking logan paul (who has a big podcast) started talking about crypto and want to bring a „cryptoexpert“ into one of the next episodes. Probably joe rogan will also mention it soon.
I give it 1-2 more weaks and we hit the peak

>>25598466
The graphic is outdated: we live in the digital age and everything is talked about by the media. The author included it as barometer for mainstream attention; I think that it should be edited to state "widespread mainstream media attention" (mainstream media is how normies accept or reject ideas etc., but normies need 24/7 broadcasting of a thing because they're sheep).

>>25598466
Everybody knows its a bubble.
Nobody knows when it pops. Could be next monday, could be in 2024.

>>25603652
for me it's all the mouthbreathing retards at work that were asking me who the ceo of bitcoin was 2 years ago who got into stock trading this summer and pokemon cards this fall and are now talking about how ethereum is going to flip bitcoin and watch logan paul for financial advice

>>25598466
I'm a bear for life but I feel this is different now, because

>the $1 eth and $10 btc buyers sold a while ago
>fiat is looking like shit
>covid redpilled normies about conspiracies, which should ultimately lead them to crypto

>>25603652
Fake story

>>25602117
This op will hang himself.

>>25598466
.

>>25604996
>that webm

>>25598466
Soon...

>>25606266
>35k
>This HAS to be the top, this is UNSUSTAINABLE
>50k
>This HAS to be the top, this is UNSUSTAINABLE
>80k
>This HAS to be the top, this is UNSUSTAINABLE
>110k
>This HAS to be the top, this is UNSUSTAINABLE
>140k
>Holy fuck it really does go up forever...
>dump
People on here were calling delusion at 20k. Proof that this board is largely retarded or just larping as retard bears.
We're not even close to delusion yet. Anons on this board are going to be increasingly bearish until bears go extinct. Then its over. Not before.

>>25608957
criminal have so much bitcoin that it will be banned in near future

>>25608957
Until it bursts.
Just like any other bubble.
Could happen any time.
All it'll take is some gigawhale to dump his stash and the rest will follow (auto, bots, panic, etc).

>>25598466
How new to all things trading do you have to be to still believe this? When it happens, its just a coincidence.

>>25608995
Nocoiner cope, post some tether fud too
>>25609029
All I'm saying is we're only beginning. A dump at this point will have been recovered within a month and reach a new ATH. It won't be the end.
We're ahead of schedule though, which is troubling. Thats as bearish as I can be.

>>25608957
You always want more. Greed.

>>25609421
Sell it all

>>25609421
Also post your sell.

Yeah fuck the moonbois. I sold my whole stack, will rebuy at $29k.

>>25598730
I just saw a Bitcoin exchange advert on the back of a bus.

>>25599538
>what is despair
retard

https://www.coindesk.com/bitcoin-worth-1b-leaves-coinbase-as-institutions-fomo-buy-analyst

Why would institutions buy 35'000 bitcoins at 30k and panic sold at 35k because much top? hold your bags.

>>25599713
You need to think beyond this board. And in greater terms than glorified fool barometers
Merely seeing greed, or delusion, or whatever doesn't constitute the existence or imminent top of a bubble.
You will see this 24/7 365 on this board.

>>25598466
So you’re saying to buy now and sell soon after to enjoy the rest of the ride?

>>25598532
>>25598532
>Nice try. Barely entering media attention.
people in my world of warcraft guild have been talking about bitcoin for almost 3 weeks now.
i'm sure those retards are just "early" though....yeah.....

>>25601154
tick tock, maxi. jan 15th is coming.

>>25598637
Nice overlay bro.
I see that the despair phase will go to -40k per btc.
Yeah, this overlay accurate.

>>25611594
so if things go sideways, our best chance is to cash into usdt?

>>25601664
once the fed outlaws all crypto other than FEDcoin, yes, people will be paying to get rid of them

>>25611594
How the HELL can you take crypto seriously when scams like that are rampant.
And USDT isn't the only stablecoin out there.
If anything, any coin that can be issued at will could be used to manipulate BTC.

>>25612913
Fiat money itself is the biggest scam on the planet friendo and it’s completely surrounded by countless scams of varying sophistication. Par for the course.

>>25612913
>If anything, any coin that can be issued at will could be used to manipulate BTC.
wrong, because the market values any USDT issuances at ~$1 whereas if I mint a bunch of KikeCoins they have zero confidence.

>>25613564
>KikeCoins
You mean like United States Federal Reserve Notes?

>>25611647
This is a copy pasta. However BTC back to 2k is unrealistic. It probably will bottom out at 8k at worst.

>>25601880
zoom out more

>>25606742
Let's be realistic. The primary differences between gold and bitcoin is that bitcoin is still immature. If more people adopt bitcoin for whatever reason its price will go up much faster than inflation. Bitcoin dust is reducing the amount of bitcoin in circulation so it should grow faster than gold. People lose bitcoin wallets. That's also causing deflation.

It's definitively better than gold but these insane swings will happen for a decade or two and then it'll be as boring as gold once every granny has 0.01BTC.

>>25613115
We've been using fiat for centuries just fine. It's not going anywhere.