/biz/ - Business & Finance

you are so smart anon, enjoy getting priced out

Literally one of the most consistent market patterns ever but Anon thinks this year will be different just because
Whatever, whenever it happens it's gonna be glorious

>not using a log chart

when will they learn

>>25643398
Look, I fully admit that I'm generally a brainlet when it comes to charts, financial markets, etc.
But at a certain point, common sense has to come into play
How the fuck can anyone look at this chart and not see a significant crash incoming?
I'm not even saying BTC will go to $800 or some shit; maybe it'll just go right back to $20k and that'll be the new floor onwards
But we're clearly gonna have a crash sometime in the coming weeks. How the hell are there people arguing against this?

>>25643398
I'm gonna make so much money on this it's nuts

>>25643664
That's a correction, not a crash

>>25643398
>>25643454
>>25643664
Most of us don't care about an impending crash, you stupid niggers. BTC will be worth millions in a few years and unless you're a complete poorfag it's stupid to worry about $40k vs $29k right now. Time to HODL not panic sell over chump change.

>>25643735
Maybe technically
But to all the normies who bought in the middle of the run, it's a crash. Trust me

>>25643398
Squish the chart together more, retard and it will look like one solid green dildo all the way to the top. Does that help prove your idiotic premise?

>>25643664
linear charts do not show the full picture, each previous move gets drowned out by the next, even if it's a much smaller percentage increase

>>25643811
Zoom out

>>25643398
>not using log
newfag.

>>25643837
i don't think i can much further fren

>>25643799
Normies aren't buying yet. We're at the start of 2017

excuse me, but how is this pattern called?

>>25643837
>>25643881
kek

>>25643664
Well I threw 10k down when it was 14k so im not too worried about a crash. Ive been skimming 10% off profits here and there and buying back on dips but I'm in it for the longterm.

>>25643398
So much seething, anyone else enjoying all these daily posts?

>>25643664
Put your money where your mouth is, that's how a market works. If it was obvious then smart people would take advantage, triggering the crash now.

>>25643664
new paradigm
why would anyone want dollars

>>25643664
RETARD
E
T
A
R
D

>>25644180
To pay for goods and services, why would anyone want Bitcoin?

>>25644361
enjoy paying for goods and services with your purchasing power diminishing 10% per year while wageslaving your entire life to keep up

>>25643398
>The biggest crash in human history is coming
Wow. You sound so certain but, I can't seem to see your screenshot of your short.

>>25643799
>trust me
you outed yourself normie

>>25644399
So what will you use to buy for goods and services? And what use will you have of Bitcoin?

>>25643398
yes everyone will suddenly sell below 30k

>>25643398
correct, for fiat currencies

>>25643664
Then short it. No? You won't short it? Why?

>>25644711
the point isn't about having some spare change for groceries but about selling BTC into other assets like USD. why would I hold a depreciating asset like the dollar (down 4x against BTC in the last 6 months) instead of an appreciating and scarce one?

>>25643939
the idi nahui

>>25643398
Many want it to crash to be able to buy cheaper.
Bitcoin will get more and more holders in the near future, making the average price higher eventualy.

>>25643398

>>25643664
There can only be 21million people who hold a bitcoin in a world of 7.5 billion, stupid.

>>25644084
As long as money is being made, the world can burn for all I care.

>>25643664
in any bubble, time of entry is inversely correlated with intelligence
the higher you go, the more retards you get. having joined late, those retards are more likely to shout you down and also more likely to eschew rationality in favor of blind hope or mystical thoughts

>>25643785
this, its not even a meme at this point
it will go down a few thousands, but who cares ?
cant wait for the "why havent I bought it at 30k?" threads in a few months

>>25646368
seething nobtcer

>>25643939
i longed xlm at .36 GMI?

>>25643527
Even log chart looks bad.

>>25643398
>20k
>crash soon
>25k
>crash anytime now boys
>30k
>crash immiment
>35k
>CMON GUYS IT'S CRASHING NOW CAN'T YOU SEEEE

There will be a dip being bought up in a few hours max
Cope harder priced out poorfag

>>25644084
kek, is there a template of this?

>>25643398
You're basing it on charts and not the meta of the market. You're right for the wrong reasons.

Institutional money has an average of 16k to 20k so this is what they will defend. They can allow a 60% retrace from 40-50k and still be in the green while the price recovers. Pulling the pin lower will see them hedging and defending numbers in the fiat settled futures market. The latter is a place where crypto fags are powerless because fiat only gets squeezed out during crashes while the institutions have it on hand.

>>25643811
checked

>>25643398
OP IS A SEETHING NOCOINER WHO FOLLOWS PETER SCHIFF THE BOOMER

>>25643398
yes, end of year kek

>>25643398
Sweet, post short? Tons of money to be made during a crash

>>25643398
Eternally priced the fuck out is what you are! Keep seething while smart money makes money!

>>25643664
The virgin "OBVIOUSLY THIS WILL HAPPEN I KNOW THE FUTURE" vs the Chad "I have literally no idea what will happen"

>>25646706
>10k
>crash soon
>15k
>crash soon
>20k
>crash
Why is this time different

>>25643664
We’re due the first sell off in the next month, and from there we will slowly ramp up to full mania in the second half is the year.

The problem is you can’t anticipate anything about the first sell off, what price it happens, what price it stops or how long it takes, so just hold

>>25646760
Conversely, if there is a sudden crash like say BITFINEX EXIT SCAMS, then the institutions will be rushing to unload 7,000 to 10,000 btc at once.

For reference, right now a 7000 btc market sell will tank the price on coinbase to $12,000, a drop of $26,000 per btc. You can check the depth to verify this.

>>25646609
Log chart looks like we're just starting

>>25646160
So dollars have a real use in your life, while all you can come up with regarding bitcoin is that it ”will appreciate in value”. So it will make you money but you can’t explain why it would.

>>25647076
The short climb above 10k should show you retards that you can't predict this market.

>>25647067
>$12,000
let's make that $4000 again

>>25647076
As long as whale alert is reporting USDT200-400m prints daily (DAILY!), I will be buying confidently.

For reference, Circle only printed $80mil in the last week.

>>25646294
this is the chart we need to look

>>25647067

Learn how markets work before you post. I'm sick of newfags thinking that they can use orderbook depth to predict anything. Even if some fag decided to sell 7k BTC you are forgetting about the other part, millions of dollars would come to buy and basically cancel the sell, this is basically what happens everyday, dozens of thousands of BTC get market sold everyday and nothing ever happens.

What's good niggas.. yall making gains despite what's going on today?????

World steel shortage continuing. CLF finished 2nd M&A with ArcelorMittal USA in December.. pro-forma revenues with the new Cliffs is at 17b... so mkt cap is sitting under 1/2th the revenue CLF bringing in now

Compare this to Tesla which is trading at 1500 times earnings.

Long CLF. Don't miss this steel supercycle

Last time Iron was priced like this CLF went to $120. Did I mention CLF generated half its mkt cap in earnings for Q3? 1.65b revenue to 3b mkt cap.. 5th earnings beat in a row 6
6th EPS beat on the way next earnings call in February

Don't miss this shit boys.. Big Tech is rotating to Big Steel.

Invest in America........

https://stocktwits.com/symbol/CLF

>>25647390
If you really think whales won't work together to get the price lower again to buy even more you are an idiot.

>>25647076
10k - 100k is psychologically more intimidating than 1k - 10k.

>>25643785
This. The amount of newfags that don’t understand this is appalling

>>25646281
>to be able to buy it back
Buy what? The supply gets scooped up immediately

>>25647407
>https://stocktwits.com/symbol/CLF
Alright you crazy bastard. All I've done this year is successfully lose 8k, so might as well try to make it all back on this

>>25647777

>>25643398
How many people in here would buy at 20% correction? If you would buy that means there's no crash coming.
The coin has proven itself as a stable and normies are filing in one by one.
Buy ETH and LTC and wait for the alt run nocoiners....

>>25643837
2011-2020
How much farther do you want to go?

>>25643398
i was wrong

>>25643398
that was in march anon
and i didnt buy

Anyone know how to make m2 adjusted BTC price (since the FED has been printing dollars and Biden wants to take it to another level)?

>>25643664
The supply halved. It is now twice as difficult to mine a Bitcoin. The last time this happened, the same thing happened. The time before, the same thing happened.

I want it to crash really bad so that’s how I know it won’t. Even knowing this I’m scared to buy because it actually will crash once I give in to the FOMO. I’ve done nothing but look at biz for the last two years and I’m only up $1000 from my $7000 initial. I once had 1.5 btc and 7000 link. Now I have no btc and only 575 link because every time I make a move I get fucked. I have $40000 in the bank that I really don’t want to lose but I feel like an idiot for just letting it sit there in the bank doing nothing. I want to kms

bitcoin is going to 350k by the end of the year

spread the word and let people know the truth

>>25643664
short term, but better to DCA into btc, even now. than risk MISSING out fully by waiting.

i'm unironically getting scared

>>25646932
it isnt but new ATH will be way higher than just 2x old ath

>>25643398

Been waiting awhile for it. Have my USDC on the sidelines and been waiting patiently.

>>25647550
Nah

>>25643664
market cap is still low compared to gold.
macro factors such as US and every other government printing fiat like there's no tomorrow.
US gov't looking weak as fuck after yesterdays fiasco.

>>25647550
and 1-10k was more intimidating than 100-1k

>>25647107
How stupid are fiat fags?
I'm obviously talking about it from an investment perspective.
You use dollars to buy daily groceries, but as an investment the dollar has been outperformed by pretty much every single other asset there is.

>>25643785
*cracks your adress*

nothing personal kid

>>25643398
Zoom out

>>25643881
Big green candle followed by a shorter red candle, then another green candle that's bigger than the previous red candle. That's called normal price action in an uptrend. There is literally nothing to worry about at this stage.

This is getting more and more risky by the minute, we are almost 40% on top of the last support.
Some support formation needs to happen else we will be back at 24k (if that support holds)

>>25643939
Nice trajectory

>>25649211
honestly risk/reward ratio seems not worth it at this point. Although i'm a maxi

>>25646160
>USD
>asset
>currencies are an asset class now
fucking retard, sell all your BTC right now in anticipation of your "crash" you fucking faggot

>>25643785
I remember just a few month ago I was fretting that "omg 16k is SO expensive!"

>>25647550
100k won't intimidate institutional investors.

>>25648745
tell us when you fomo in pls

>>25649211
logic doesnt applies on a tether based market, it can go to200-300k and beyond, as long as no one cares to investigate

>>25648745
also doing it wrong by looking at /biz/, find some good tg groups and learn how uniswap ponzis work if you want to make money

>>25649400
how do you find these groups?

>>25649445
you swindle your cock in your local indian restaurant

>>25643785
this. unless you hold alts.

>>25649244
As a swing-trader I would never buy into this thing, risk is huge.
At the first sign of weakness I will be jumping ship and selling everything, better to miss out on a top then end up in the bottom.

>>25649280
Learn to read faggot. I was arguing with a guy who wanted to sell while I told him there's no reason to hold USD instead of BTC.

>>25649337
this

>>25649445
Talk to people who you see are always early, try to be early yourself, just check around.
/biz/ was easy money in 2017 but I barely browse nowadays since 80% is just jeets shilling their underwater bags.

>>25649457
meanie ;_; i love indian food though

>>25648447
Fucking this.
SAME THING happened in 2017, in the Spring (I forget what exact day)

What happened that December?

Halving happened this May, 2020.

What happened this December????

Anyone not buying around halvings is fucking stupid.

>>25649618
Are you an indian?

>buying the top right when the SEC is about to short Bitcoin all the way back to 3k unfilled GME gap

>>25649370
almost 23 billion, nominal gdp of Iceland.

>>25643664
There will be another large correction, but ill happen in the $100ks

You know it is

>>25649655
i am not an indian good sir but palak paneer is the shit. especially with some good buttered naan.
>>25649603
do you mean early to new projects? i'm still figuring that one out actually, like what resources to keep regular tabs on.

>>25649672
Load ze tether foud

Not until tesla crashes.

>>25646368
great post

>>25649672
So we still have until january 15?

That's a lot of days to pump, we can hit 50k easily and sell one day before that event

>>25643398
Get a load of this guy with his 3 year history chart

>>25643398
in 5 years youll need to zoom in 10x to see these sticks

>>25650426
>we can hit 50k easily and sell one day before that event
Trying to time the top, always a good strategy

>>25644435
/thread

>>25643664
80% of the posters here are schizo analyst LARPers who are NeVeR wRoNg. Realistically, BTC only has another 5-10k month left in the pump before it dumps back down to 15-20k. Short sell and buy back in for more. BTC will inevitably hit 100k but not for another 2-3 years.

>>25647407
https://stocktwits.com/GetYourIron/message/270714296

>>25643664
I've been saying it'll crash to 10k all week.

>>25644274
Basec

>>25649672
MUH ANAL GAP

Guys can someone tell me what a lot chart is? Why does it look so much better/safer than ops chart?

>>25652937
*log

>>25653352
logarithmic

>>25643811
>DUDE IF YOU JUST PICK THE RIGHT CHART IT LOOKS NORMAL AGAIN

>>25643664
The problem EVERYBODY is expected is crash. At this point I'm wondering if the BTC thing to do is just to keep pumping until we are all dead

>>25653630
everybody also expected it to crash when it reached 3k

or when it reached 200

or when it reached 100

>>25643398
Wow what a chart, anon.
Why not just put up the 10 year candle for Bitcoin?

The biggest btc crash happened a few days ago, the flash crash. Never before has so many billions been burned in such a short timespan

>>25648745
I FOMOd in today for 25k, I already had 5k in Lumens

>>25646458
depends how much u bought

>>25653503
Yeah. Bitcoin works on a 4 year cycle based on the halvings. There are diminishing returns between cycles, but each cycle still gets an ATH far above the previous.

40k is only a 2x from the last cycle. That's fucking nothing. Thats equivalent to 2k in early 2017. This will continue, with corrections, until the end of the years

>>25643785
Peak euphoria posting, correction inbound. Hopefully alts pump, not dump

>>25654461
Im hoping btc chills out and bleeds or crabs in the 30-40k range. A large correction will completely fuck up alts in the short term.
That said, in january alts historically do quite well vs btc, so I'm hopeful. Either way its not the end of the world.

>>25647076
Same chart only neater. Top is 100-125k

Forgot pic
>>25655616

>>25643664
>t. fucking moron