/biz/ - Business & Finance

>>25686700
Still lots of buy pressure, but no sideline watchers seeking to get in quick. Nobody is selling so I see it steadily rise until some billionaire buys a huge chunk

>>25686700
Am I the only thinking that bitcoin is a currency and should be used primarily as such?

>>25686700
>>25686799
>>25686833
oOoOoOoo triple doubles have a bump why not

>>25686833
fuck off back to 2017 bcashier

>>25686799
There are people on this board unironically freaking out because, and I quote, "it's dipped to $38k".

That is not a dip lol.

Seriously starting to think the $50k prediction is actually realistic for this month.

Or I'm a deluded psycho who needs his meds

>>25686872
Nah, 50k is def happening, people are being dumb again. I actually wish it would cool down and dumb money stopped flowing in. I don't want a hard crash again, I'd prefer if we just steadily went to 100k and normies were priced out forever.
Just yesterday one of my normie friends who is not into crypto wrote to "Oh shit the crypto market is crashing" and I was like "What are you even talking about?"
"Everything went down 6%!"

He unironically called Bitcoin running up to 40k and consolidating at 38k a "crash"

Normies are not meant for this game

>>25686872

It is written in every holy book that our savior will rise bitcoins to disempower the jew-fiat-currency so we can finally be free!
So I expect Bitcoin only 100K eoy since whales will definitly cash out on 75K

>>25687542
just because bitcoin goes up in price nothing in the world is really fixed
a few people that took the significant systemic risks and ignored them and bet on bitcoin will win big time and they deserve it but nothing will be better for us as a civilization

FUCK I SOLD EVERYTHING AT 38k COME BACK RIGHT NOW I SWEAR IM GONNA KMS

Yea naw they planning too much chaos this year. If anyone is watching from teh sidelines then they ought to go then.

>>25687597

dude, just see this as an investement, as you already said, owning a bitcoin wont fix any shit. Its just a currency and some governments could crash the market any time if they wanted. Even shithole countries like bulgaria owning above 200K bitcoins. Just have fun and profit as long as it lasts

>>25686700
It's too soon, it needs to crab at the mid upper 30k range for a bit longer to create a support base before climbing again. Also this give alts time to move up.

>>25687784
40K faggot

Just sailed past 40k again... Yeah it's obviously hitting 41k today.. Waiting thread for ya: >>25687217

>>25686700
I'll buy after the share split

We're s till a long way from the top. Source: a 99% certain technical indicator that you guys think is a meme.

>>25686700
It looks like it's going to pass 41k in the next ten minutes.

>>25686700
checked, but not a chance. 50k is the short term top.

I was wrong. It only took eight minutes to hit 41k.

>>25686700
i have $1k. when should i buy in?

>>25687597
It will change the world for sure. A bunch of idealists that understand money now have the power and infrastructure to anonymously coordinate and trade and grow 24/7? No government can keep up with that. No economy can keep up with that. Not even China working their citizens to death. We're growing a global economy that is free and equal. DeFi is super exciting. DAOs remove the need for corporations to be greedy and they will be the most powerful entities in the world. Think about how feared the "hackers known as anonymous" were back in the day. Now imagine us NEETs with the economic power of a first world country banding together and doing what we want. If nothing changes it's out own fault. Sure a single guy with a Million can't do much. But a thousand millionaires are more than a a single billionaire.

>>25688213
Nah. We'll just all buy lambos.
Actually, I agree with you. Once I hit 8 digits, I'm going to start a business to help other people rather than trying to build my stack just so I can own a private plane or something dumb like that.

daily reminder that you guys havent made any money as long as you didnt cash out. you faggots will end up with 0 (ZERO) at the end.

>>25688443
>you faggots will end up with 0 (ZERO) at the end.
Not possible. I have already cashed out plenty.

>>25688397
Even if we subtract all the people that exit crypto to buy a house or pay student loans or whatever, there WILL be idealists left who will keep it grow and aim for the top. If people like Elon Musk and Jeff Bezos make it to the top in Trad Finance imagine how powerful someone could become embracing blockchain and a 24/7 global market. Also imagine these people popping up a hundred times over. There are Bitcoin Billionaires now. In the future they won't even be a rarity. In the even farther future, Bitcoin hodlers will unironically be the elite of the world and control the global economy. It's scary to think about

>>25688443
I've already cashed out and reinvested so much with DeFi loans, if I go negative then that means that the entire economy goes negative

>>25688475
It's a good thing. Most of us want a world that works better than the one we inherited. Crypto can eventually replace government. That's the big goal. Code is law.

>>25688474
well atleast you are one of the non-retards. the other faggots will lose everything.

Kek it already hit 41k ten minutes ago. It's only December 39th.

If this bullrun survives the tether fiasco on the 15th we're going much higher.

wow if only Id gone all in on BTC instead of picking a risky outsider instead.

>>25686700
i save up some waves and avalanche

>>25688517
I think ETH is about to explode higher. Once it breaches 1300, it may run to 1800-2000. Then a pull-back to reload for bull market round two.

>>25686700
Yes, it did

>>25686700
God is good

>>25688533
We all learn this lesson painfully. We all thought we were smart when we invested in the "Bitcoin Killer" in 2017. Should've just accumulates more SATs instead
Only one of thousand coins will actually make it. Though now with DeFi coins are a lot more stable. Entire economy floating off of each other

>>25688517
this
i am waiting for the huge dip after 15th to buy

>>25688569
Ah yes just like the bull market round 2 of January 2018 lmao

260K eoy, and it's the conservative prediction, Bitcoin is known to surpass even the bullish predictions

>>25688533
>tfw bought in September for fear of the market wiping out my gains
>now 4x up
Learned this lesson the easy way desu

>>25688635
>Ah yes just like the bull market round 2 of January 2018 lmao
No. Like the 2013 run. If you think this is a replay of 2017/2018 then you haven't been paying attention.

>>25688635
This market isn't like 2017. People don't actually want to cash out fully. As long as stable coins like DAI prove to work, the money will probably stay in the system an dips WILL be bought

>>25688630
There will be no dip on the 15th. You have been fooled into staying on the sidelines.

just did

>>25688661
Lucky bastard. But if you understood that Bitcoin is the only reliable way to save your gains you deserve it.

>>25688744
My thinking was, I needed something stable enough not to financially ruin me, but also something that wouldn't leave me out in the cold when the market picks up (ie USDC).
I think I made the right choice.

>>25688724
This also. What do people actually expect to happen on the 15th? Even IF Tether FUD was real and not some r/buttcoin cope, then even IF Tether didn't manage to clean their books, Tether would still just postpone showing their books like last time. You're missing out the golden bullrun because you believe the seething fantasies of nocoiners kek.
And even if Tether were to actually go down, its place would be instantly taken by USDC. It was specifically created for this purpose so the entire system doesn't rely on Tether. If you wait till the 15th you'll miss a huge chunk of gains.

>>25688661
>tfw bought Jan29 $50k bitcoin calls last week
>now up 6x

>>25688841
Based and baller.

>>25688841
>tfw I don't understand how option trading works

Why doesn't /biz/ have a derivative general? You know something that would actually be useful trading advice instead of shitcoin shilling?

>>25688841
>calls on BTC
Wut

>>25688900
There’s a lot of info on YouTube and probably r/WSB as well

>>25688443
I've been permanently in the green since 2017 friend. Cashed out and diversified into real estate and stocks. Now I get to ride the bull as long as I want. Don't project your vision of people being irresponsible. Lots of people here can manage risk.

>>25688841
>Optionschad
Unfortunately they just banned crypto CFDs here in UK

>>25688213
Well said. Jews fear DeFi

WE ARE GOING TO RUN OUT OF BITCOIN

AHAHAHAHAHAHAHAHAHAHHAAHAHAHAHA

>>25689065
There's still plenty of ETH for sale. It's getting sold now, sticking the price at 1250 for the last half hour.

41 HAS BEEN HIT.
42 IS INCOMING

>>25688397
this is exactly what I want to do and it aligns with gods plan

>>25688213
Well you’re not wrong but you’re not right either. Bitcoin maturing means governments can’t seize private wealth through inflation anymore. But smart contracts mean our slave contracts will be immutable. The future is going to be rough.

>>25688120
Right about... NOW

>>25688980
Didn't INJ just launch? I think you can trade derivatives there

please please dip at least to 38k

>>25689168
That is of course something I fear. We need to acquire power quickly to prevent that.

>>25689188
It did that yesterday. Why didn't you buy then?

42K NEXT

I sold 80% of my holdings at $38k. I can't complain, had it since $9k and still in it I guess. No more worries about the big correction....just how much I'm going to miss on the rest of the rise up

>>25689264
thought it would dip more
it didnt

>>25688900
I’m honestly not being a cunt here, if you don’t know trading no one here can ever teach it to you and if you will try it you will only lose money. 90% of traders lose money. As soon as you start fucking with leverage literally two bad candles can wipe you out in this market.

>>25689097
THERE IS INFINITY ETH YOU STUPID NIGGER AHAHAHAHAHAHAHAHAHA

>>25689168
>But smart contracts mean our slave contracts will be immutable
People will be getting UBI and the rent and other debts will be automatically deducted via smart contract before it hits their wallets - but on the upside, they won't have to worry about being homeless or hungry. I think that's a net gain for the human condition, not a slave contract.

>>25689347
I think I'm doing well trading standard assets but for the love of God I just cannot get into Future and Option trading. I understand Future trading, it's basically short selling (though you can also short futures Wtf) but option trading is just a book with 7 seals to me. I don't know what strike, call, put or any of that means and why you'd short a call or long a put and I don't know when option trading is more profitable than regular trading. Just too complicated for me

>>25689422
>Just too complicated for me
And that’s why you shouldn’t do it. End of story, it’s that hard even in a bull market.

>>25688475
>Bitcoin hodlers will unironically be the elite of the world
Oh you sweet summer child.

>>25688900
i learned about bitcoin options on the crypto and coffee youtube channel

https://m.youtube.com/c/CryptoCoffeelive/videos

the guy is very knowledgeable about crypto in general but especially the options market. that said he helps hedge funds manage their money so his mentality is super safe, he mostly sells covered calls which gives you a guaranteed +80% if you wait a year.

Im more into higher risk, so im betting on bitcoin going up by buying calls. it’s not NEARLY as risky as margin trading (nobody should ever margin trade) but if you hold the contracts to expiration and bitcoin doesn’t exceed the strike price you lose it all. but lets be real bitcoin is going above $50k either this month or the next. you need to do the math on the price of each different type of call, but a shortcut is just buy $1000 of next months calls each month, with a strike price above what btc is now. the worst that can happen is you lose $1k, but best case you can make $10-20k.

that said there is so much dumb money on ledgerX right now, i can set buys and sells on both sides of the spread and have them hit at the same time. pic related is some rich idiot buying my satan sell order which was 3x the market price at the time. i paid $400 for those contracts just a few days before, and sold them for $6660.

>>25689415
Uhhh... that’s not what’s going to happen. They’re going to start off by offering more ubi if you sterilize yourself. Then, once people accept that as normal, only people who sterilize themselves will get ubi. Then once the population drops significantly, only people who provide entertainment, gratification, or service will receive a stipend.

>>25689302
U fucked up big time lmao

>>25689604
Damn bro
How did you learn all that.

>>25689646
We need to reduce the growth rate of the global population, or we can't meaningfully reduce poverty. I don't think sterilization will be required though. Once people have more economic security, they tend to start having smaller families.

>>25686833
Lmao what a faggot

>>25689422
if you found something that works for you great, ive recently discovered that i seem to have a knack for the current bitcoin options market (it probably helps that there’s so much dumb money in it right now). i dont know how long this will last, bitcoin options only started in the US about a year ago, but at the current moment there are a shitload of people in it with less brains than me but a whole lot of money to throw around.

i remember all the emotions i had trading in 2018 and now im cold as ice, i can just imagine what a wreck the people panic-filling all my buy and sell orders must be.

>>25686833
It's a little hard with the transaction fees and block size limits.....

but there should be something like bitcoin we should use as currency I agree

>>25687621
Shouldn’t have had paper hands jit

>>25687621
Buy at 37k tomorrow

>>25689796
Youre brainwashed. The Chinese one child policy was taught to be a virtue too.

>>25690022
cope

>>25689796
>We need to reduce the growth rate of the global population, or we can't meaningfully reduce poverty
I don't actually believe this. I believe in a world where everyone can bring their full economic worth into the system and get rewarded fully. Problem we have right now is that wealth is sucked by very few people who just sit at the controlling side of money without contributing anything (I.e. their job is to ensure steady and fair growth for everyone, but instead they suck the money in because planned economies just don't work)

In a decentralized system, money will move to where wealth is generated. And even if you earn money as a cleaning lady, you can put your money into the leading corporations of the world and earn money through their growth. Sure it's theoretically possible nowadays, but the market is way too discriminating. For stocks you need a brokerage and need to pay fees, banks will liquidate your stocks if you fail payments and prices and inflation are manipulated against you. As a poor person you have no chance of making a living for yourself and it only gets worse which also makes you lose faith in the system and more likely to either to try to cheat it or give up on it entirely and try to get as much welfare as possible. If we actually create a fair financial system that has clear rules and is free of any centralized market manipulation, we can increase the productivitiy of humanity as a whole. It won't be single clans moving money to each other because now you get an advantage to use the full economic force of the entire planets. DeFi will completely outpace tradFi and once trust is established in the system we'll actually be able to build generational megastructures. You could put money into say the creation of a O Neil colony and know for sure you'll either get compensated or actually get to profit of it due to a smart 50 year contract.

If this sounds too fantastic or idealistic, well it is. But it is a possible world we can create.

>>25690022
I’ll literally sell you an option on ledger x now if you want. Save you the wait.

>>25689914
What site you're using it to trade options?

>>25690155
>DeFi will completely outpace tradFi

Kikes fear DeFi

>>25689782
aside from the youtube channel i linked, options are something that can be explained in a few minutes, but you need to spend time thinking about them and turning them over in your head to really get them. just think about it a bunch, then look at what all the prices are for the different contracts and try to figure out what they mean. that is, why people think it’s a good idea to set the price where it is. each different contract is like its own little market, and they all behave differently.

but again, the simplest way to look at options is as a safer replacement for margin trading. instead of longing, you buy calls. instead of shorting, you buy puts. there is no scamwick liquidation in options trading. i still cant believe margin trading is even a thing.

>>25690208
the only option for burgers like me is LedgerX.com

>>25690233
Maybe they do, maybe they will realize the potential that is there. In the end it doesn't matter. What matters is that DeFi Will outpace tradFi and there is nothing tradFi can do about it. They can try to regulate it, try to create laws, try to manipulate markets, print money, force people to give up their property, it doesn't matter. DeFi is living and breathing now. It will outpace tradFi because it it is the most efficient way to create sustainable growth in the long term and there is no point of attack. TradFi can attack its core structures, but DeFi will just reform while tradFi wastes resources on the way. It's the beauty of decentralized markets. You can't take it down. And the sooner the right idealists realize this the better.

$42k incoming!

>>25690345
I remade a thread I wrote on options a few days ago. It explains a few things you should know before getting in.
>>25690909

>>25690155
I thinking you're missing something important in your analysis. Automation means we don't need as large of a workforce in the future. People are going to have to find a way to be productive on their own by turning a hobby into a money producing endeavor, whether that's starting a small business or a YouTube channel. UBI will give people the freedom to do that - or to play vidya and smoke weed all day.

>>25686872
>$50k prediction is actually realistic for this month.
Im thinking 45kish is the top for a bit. It will then dump and crab for few weeks before climbing some more. I can see 50k though.

>>25686700
WE HAVE BREACHED 41K. THIS IS NOT A DRILL.

Alt season needs to come before the bullrun to end, it may continue till EOY. Bitcoin could top out at 400k. The previous ATH of top altcoins need to triple before it crashes and stays relatively low for a couple years/half decade before the cycle completes and it is back to a new bullrun.

>>25691019
Sweet, thank you! Based anime anon.

>>25687141
LMFAO