/biz/ - Business & Finance

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>>25691697
How it is?

>>25691697
Explain how you think it is

moneysupply.jpg

>>25691697
> he doesn't have the balls to buy bitcoin at 30k

fag

>>25691697
It is.

>>25691697
>This time will be different

>>25692300
Big value for a thing with no value.

>>25691697
It looks like that periodically, that's how

it is but it doesnt matter. drop all logic when you get into crypto

>>25691697
How is the stock market not a bubble
How is the housing market not a bubble
How is fiat not a bubble
How is the entire global economy not a bubble

>>25692344
actually bubblefags are the >this time it's different types because every time btc x20'd the previous ATH but >this time it's different, right?

>>25691697
Tesla is worse

>>25692348
How do you determine value?

>>25692288
>>25692300
checked, just take a closer look at the images!!
such a bubble!!

>>25691697
Bitcoin is unironically going to a million USD.

Think about all the money in the stock market, the real estate market in government bonds in ETF's

Over 100 trillion dollars are in these markets looking for a store of value. And here comes bitcoin. A 750 billion market cap asset that is the perfect store of value for a massive institution or a individual.

All these capital will go into bitcoin because all the capital that is looking for a store of value will eventually go towards bitcoin once it is know that bitcoin is THE STANDARD

>>25692430
Explain how and why it's a bubble

>>25691697
go short then, easy

>>25692419
Usefulness/utility.

>>25692448
what does btc store exactly? imaginary value with no actual liquidity besides tether which isnt backed?

>>25691697
Because you're an idiot who doesn't know what logarithms are. It's had the same cyclical pattern on an upward trajectory for 12 years.

>>25692504
>what does btc store exactly? imaginary value with no actual liquidity besides tether which isnt backed?

>>25692448
>it's not controlled by anyone
haha imagine being this retarded

>>25692448
please tell me you base ur family's future on cyber hornets

>>25692397
i like this one

>>25692482
Lol, no that's not how it's determined. Next!

>>25691697
not the only one

>>25692504
You just described every bank and every fiat currency. Next!

>>25692348
>no value
says right here $41,226

>>25691697
>>25692273
the fact that no one noticed the difference in these 2 proves my point kek

>>25692397
None of those things increase in value at the speed that Bitcoin has.

>>25692504
>what does btc store exactly? imaginary value with no actual liquidity besides tether which isnt backed? Can you even cash out of this funny money?

All these new fags are completely priced out. I bet they couldn't buy a whole bitcoin even if they tried to save up right now. The price of bitcoin will go up so much faster then they could earn enough goybucks to afford one.

>>25692590
It's how everything is determined. >>25692590
Bitcoin's price is based on speculation of its utility, but to a degree so irrational that it's become a bubble.

>>25692627
Demand goes up, price goes up. Economics 101

>>25692400
Well it surely doesn't mean you should invest during the bullrun. Which is a stupid way to approach investing.

>>25692625
well played anon :)

>>25692504
Don't buy anon, it's a scam, I'm only up 4x

>>25691697
Of course it's a bubble. But it might 3x before it bursts.

>>25692623
So you don't know what a bubble is, but came into a thread talking about bubbles.

>>25692273
Obviously it is a bubble you fucking retard. But what are you gonna do about it? You can't call the top. It's impossible. So quit whining and just ride the bubble

>>25692623
you can almost get a purple tulip for 41k fuck ur right im all in

>>25692727
>bitcoin is a bubble
okay retard

>>25692673
Sorry, but you are wrong again. If it had no value then the price would be 0 because nobody would be willing to pay for it. However it's currently at right around 41k because of supply/demand and adoption by institutions driving speculation. But hey, just stay poor!

>>25692625
Everyone who bought at any all time high in the past made money if they held onto it instead of panic selling.
Each time the price goes down it's from a greater high to a lesser low each cycle. Twelve years of steady cyclical movement on an upward trajectory is the exact opposite of a bubble.
https://www.youtube.com/watch?v=XbZ8zDpX2Mg

>>25692763
>oh god I forgot what this thread was about like a huge fucking retard!

>>25691697
because bubbles are round idiot

>>25692787
>If it had no value then the price would be 0

>Bitcoin's price is based on speculation of its utility, but to a degree so irrational that it's become a bubble.

Reading sure is hard.

>>25692806
take a close look at the OP pic, I'm not gonna spell it out any further for you

BITCOIN IS A BUBBLE IT IS GOING TO CRASH

ITT: Absolute newfags, inform yourself what you are talking about. It's called volatility which is perfectly normal and expected in a free market.

>>25692845
Sorry that you are a sub 80 IQ retard, can't fix stupid

>>25692861
https://www.youtube.com/watch?v=XbZ8zDpX2Mg
He needs to make an updated version

>>25692861
This kind of volatility is worse than gambling odds. If you didn't get in when it was 10-20k you're ngmi.

>>25692845
according to you, what is the fair-value price of a new technology that is: a censorless, immutable, unconfiscatable, trustless, decentralized, consensus driven, limited, store of value, and settlement network/protocol?

>>25691697
It is. And it doesn't matter.

>>25692693
Exactly! Smart investors wait until the literal top to get in

>>25691697
bitcoin is a scam. dont buy. its just a 20 year ponzi bro

>>25692693
the trend is your friend.
or do you only catch falling knives?

>>25691697
its a bubble like that previous 4 years ago. long term is not

>>25692999
Checked and agree. I missed out and kinda gave up hope of ever getting any kind of worth outta bitcoin unless I win the lottery or rob a bank.

>>25692590
Lol, yes, it is. That is the whole reason you invest in crypto, is because it is a path to acquire useful things (property, food, entertainment, equipment, weapons, fuel, clothing). No one owns crypto for the sake of owning it, everyone is playing chicken to pawn it off to the most gullible bagholder they can.

>>25693122
>No one owns crypto for the sake of owning it
and that is where you are wrong

31 posters and only one got the point
>>25692856

all the fucking retards in this thread not noticing OP image is the first leg of the 2017 run from 900 in march 2017 to 3k in may 2017. That was utterly insane at the time for anyone who was actually here. We then proceeded to go almost 10k that amount. You fags need to think bigger.

>>25692758
How are tulips and cryptocurrency the same? You need mental help

>>25693102
Not when you're buying big greeen dildos, healthy trends are your friend. This is literally just playing game of chicken and I see a lot of red wojacks in the near future.

>>25693281
How much do you own?

>>25692999
Alright, fuck off then. Checked though.

>>25693114
Literally anyone ever buying bitcoin is up. Are you retarded?

>>25691697

>>25691697
Jesus, you're retarded.

>>25691697
>how is this not a bubble?
>measuring prices in us$ dollars

pic related

>>25691697
>he unironically is posting this everyday since $20k
Cope less and just get in. This is going until 1BTC = 1BTC.

>>25692627
You're right. Crypto is waaaaaaay slower. Stay poor.

>>25693233
you need education

>>25691697
i locked my btc last bull run at 16k. can anyone help me unlock

>>25691697
So you are going to miss out on opportunity to make some money because it's a bubble?

>>25692362
>drop all logic
Incorrect, simply upgrade by installing META-LOGIC.

>>25693515
>he can't read graphs

>>25693465
>>25693508
>>25693515
nobody tell them

>>25693508
This, every dollar printed bitcoin moves up with it, it’s set in stone now due to the inflation hedge narrative that’s been accepted

>>25691697
How is it that you call yourself a woman even though you will never be one?

>using FIAT/BTC charts
LOL

>>25693515
Literally this.
One BTC will be worth exactly one BTC once it has become the global currency and at that point your shitty paper monopoly money will be a thing of the past that only senile boomers will remember.

>>25691697
How are you not a raging homosexual faggot?

>>25692504
based
>>25692540
>>25692622
>>25692632
>>25692710

for the record frens this is whats known here as a HUGE FUCKING SELL SIGNAL

I hate newsfags so fucking much

NEW PARADIGM BB WE DID IT!!!!!!!!

>>25693508