/biz/ - Business & Finance

>>25815794
tether

Its the crypto market. A dip has been LONG over due. If you are new take this as a learning curve to take profits along the way ANON.

>>25815844
Tet-the-fuck-her? It's still pegged 1 to 1 to USD, and they've already clarified that it's all FUD. This is crazy.

>>25815794
Get out!!! Michale saylour just dumped all his bitcoin! He just did it!! With no concern for anyone else but himself :(

>>25815844
>20B market cap coin with 1/50th of the crypto market cap is going to flip a trillion dollar industry

Whatever thanks for giving me a chance to buy more ADA.

There was never a bullrun in the first place. It was a Tether exit pump the entire time. In a couple days they'll be officially sued. You'll see.

>>25815794
All new btc entrants must be dumped on their first cycle, including Mr. Michael Saylor. I am gathering a team, to do just that.

>>25815794
crypto is speculation
always was, still is
best you can hope to do is profit from the high rate of return while it lasts
sell everything now and buy back in when it stops falling

>>25815844

USDT the shit retards. If you still use Tether you deserve to lose everything.

> 2.5 billion documents

kek

>>25815794
This is perfectly normal. Institutions came in to play with crypto and now they are taking profits.
Always take profits from your strongest assets and put some of that into other assets.
$Dot
$Handy
$Ifinex (Stonk)

>>25815794
>buys bitcoin at 40k
>saylor posting
>I don't understand
shocking

>>25815794
Just a shakeout and profit takers taking profit. In a couple weeks every american is getting another free $2000 and the 'crypto is the 21st century inflation hedge' narrative will still be going strong. Normgroids buying 'bitcoin stock' with their stimmy checks will propel us straight to 100k by March.

>>25815794
the guy in your pic is the one dumping on you

>>25815794
>Zero reason to dump
literally living beneath a rock

>>25815794
Just hunting degens and delevering the market. Check back in a day!

>>25815794
The 40k psychological barrier - it didn’t move for a few days so people started getting scared it would dump. Most people were predicting a correction soon anyway. Literally nothing to worry about

>>25815794
you're speculating on meme coins in clown world. anything goes

>>25815909
A bitcoin (and crypto) bull run happens when the supply is halved, every ~4 years. It’s what all those increasing price points in the graph before meant. Bitcoin is not arbitrary.

>>25815937
BEST ASSET in the last decade
MICHAEL SAYLOR, BILL MILLER, CHAMATH PALIHAPITIYA all recommended a buy. These are all smart rich people. Even JP MORGAN marked it as $146,000 in 2020.
What the fuck????

>>25815944
price and momentum beat narratives anyday. narratives only work when price is going up retard.
yea sure let's buy the thing that just dropped in price 20% overnight. people will not be interested until it's in another uptrend

>>25815794
Probably because of Meek Mill, KSI and the norman army

>>25816002
Most mathematically based models suggest late 2021 as the peak of this bullrun.

>>25815794
>wut is gook shakeout?
that's correct
>ty alex - I'll take shitcoins for $400

>>25815794
there is such a thing called randomness of the market. Be happy that it happened we will end up with a nice support at 33500 if this thing holds here for a few days.

>>25815794
its correction. long hands release

>>25816024
You see this as the asset that dropped 20% in a day and not the asset that went from less than a cent to 40,000 dollars in a little over a decade.

>>25816051
I bought more at $35,700 because it has always bounced within minutes. I swear to god we better go back to $42,000

>>25815794

>>25816085
well that's fucking because MY MONEY dropped 20% in a day and I didn't buy it from a cent and hold it until $40,000 you absolute mongol retard.

Shaking you newfags out.

>>25816087
why dont u forget about it for a few months zoomer? U did the best thing u could, bought btc and reduced the supply. U already won just have patience

>>25815794
1st of the 3-4 corrections in a bullrun. I wouldn't worry

>>25816062
LOL RETARD USING TERMS LIKE STRONG SUPPORT AND CORRECTION HAHAHAHA

LIKE THIS IS STOCKS SO THE COMPANY IS INVOLVED IN TERMS OF POLITICS OR STRATEGY HAHAHAHAHA

CORRECTION TO WHAT LOL YOU PIECE OF NIGGER ASS DIE

THERE IS NO SUPPORT OR CORRECTION IN CRYPTO

JUST YOUR OWN PERSONAL SPECULATION YOU IDIOT.

>>25816087
yeah this the first dip this bullrun I am losing some money on. I keep buying the flash crash, but the recovery is just a dead cat bounce. Starting to lose confidence

>>25815874
>>25815906
>he doesnt know about the volume
heh

>>25815858
or just hold and quit pretending to know how to trade.

>>25815794
The tether lawsuit thing i think.

>>25816145
I have one last $1000, gonna put it in at $33k and hope it bounces this time, fucking shit what the hell is this

>>25815794
Crypto market moves 100x faster than Normie stock markets.

>>25815944
> In a couple weeks every american is getting another free $2000
To pay taxes on first stimulus and pay one year of rent they owe.

>>25815794
Stimulus checks or not, this was inevitable. For the record, I like crypto and think it has a future. I'd really love to see a decentralized currency such as Bitcoin become a mainstream asset.

Bitcoin, like a few other could become mainstream in the future, but it's simply not ready to be mainstream yet. Most people, let's get real here, are ONLY investing in the coin because HAHA "NUMBER GO UP! XDD"

Cryptocurrency, in my opinion, is skipping a crucial step before Bitcoin can be seen as a truly digital gold: real-world mainstream USE. Seriously. More small / large businesses need to be introduced to the idea of crypto and all its benefits, be used a legitimate means of exchange, THEN Bitcoin could act a reserve gold, so to speak. Rome wasn't built in one day.

There are also a few other things I heard about which only were the icing on the cake for me not to buy in late in this bullrun, such as the tether rugpull. Also the institutions buying into this. Guys, just because people are buying into this doesn't mean they actually trust it. They simply want to make big bucks of normie fools who think in simple terms such as "number go up, incel logic bad"

>>25816105
protip - stop posting this image and let the weak hands shake out

>>25815794
It's called quantum, fucktard. Even Nakamoto is outsky.

Because bitcoin is inherently worthless.

>>25815794
Holy shit anon,. this is the shakeout before the pump.
I've personally been seeing a lot of normies fomo in last 2 days.
Can't have everyone getting rich now.
Also if you were during 2017 its the exact same tether FUD.

might have something to do with the military taking control of congress

>>25816306
We just haven’t caught tether in the act yet! We’ll catch em this time

>>25816306
You're so fucking right I'm not selling. This is some kind of trick, I've never seen something drop for no fucking reason like this. Fucking kike tricks

>>25815794
Price movements too fast. There are whales that want to take profit. The buyer pressure ran out around 40k. Easy to shake the market

>>25815794
there was also no reason for the pump

>>25816383
Btc dropped from 20k to 3k and didn’t recover for 5 years. Sell now or be prepared to hold for 5 years

>>25815958
>>25815794
how does selling and rebuy strategy work?

i bought 4K btc in september, until today I was up to 12K porfolio. are you supposed to sell everything, and then turn around and buy back btc with that same money? does it really make much of a differnce? wish I had more than .26btc right now

>>25816439
Look at this. Look:
https://www.express.co.uk/finance/city/1382281/bitcoin-price-latest-target-2021-crypto-institutions-jp-morgan-gold-max-keiser

$220,000, you're not going to steal my 7x filthy whales kike fuckers shitheads

>>25815794
this is what happens when everyone invests in something with no adoption

>>25816503
This is probably the best and most simple answer of them all. Well done.

>>25816474
Yeah dude. Read a chart. Buy high sell low. You won’t lose your btc I promise

>>25816383
It usually takes some news for this kind of a drop, but if you look at the open interests on futures and compare it with liquidations, it's still way low.
It means there are strong long buyers from 15-20k.
They can't have them making a billion now, can they. This dip is just a psychological warfare on them so they close and take the profits watching million dollars of pnl wash away every hour.

>>25815942
Exactly - natural and healthy
Dot projects are only going to gather momentum from here (KSM, POLS, XED etc)
Handy creators FLETA are a good choice.

>>25815794
sell now and buy again when it's $40k

Not even a correction, this is a coordinated exchange flash crash

>>25815943
absolute state of shitcoin investors

>>25815794
>he still thinks btc isnt worthless

pic related must be selling his bags lol.
you all faggots fell for their ponzi

>>25816636
Saylor says he is holding for 100 years and never selling, and after watching his youtube videos I believe him. It's the main reason I bought at 40k before all this stupid jewish kike trickery shit

>>25815944
They are going to use that money to survive. Not to buy bitcoin.

>>25816685
>he is holding for 100 years and never selling
Anon, you cannot bring money to the afterlife.
If he is sincere, he is the biggest retard ever.

>>25816105
isn't there the massive crash right after this chart ends?

>>25815943
>Sharpe up my ass ratio

>>25816355
government instability is bullish for bitcoin

>>25816735
tell that to the pharaohs, faggot

>>25815794
Tether isn't fud
It's legitimately shady
Look up Reggie Fowler and tell me if you would trust any shit from him

>>25815794
Literally nothing.

Who cares if Tether is backed 25% by cash equivalent securities or commodities?

The court won't.

OP is an absolute fucking retard, how did he even find this board?

>>25816185
Why? If you sold at 40k, you could buy more at 30k.
Growing your bags without spending extra money is important anon

>>25815794
The reason for a dump is pretty simple anon, the bulls need liquidity and liquidity is gathered by stoploss scam wicks, shaking out weak hands and news (like Tether FUD).

>>25816842
what are you going to do when you find out they are actually backed by more than $1 per coin

>>25816857
jUST tiME tHe topS ANd BOTToMs LOooooL
IT'S so EAsy!!!11!

>>25815794
This is all about Asians who do not understand the lawsuit, and don't understand American courts. So Asians are dumping during Asian business hours, that is all.

Etherium Classic is immune to the dump and is gaining since midnight while everything else free-falls, because it's not heavily leveraged by the Asians, so it's basically immune.

Temporarily transfer half your stake to Etherium Classic as a safe hedge against the crypto market rug-pull.

You're welcome.

>>25816732
More like buy some TVs, iphones, and jordans or whatever dumb shit normies like

>>25816892
Kick myself in the ass for not selling my real estate to buy more of the dip, lol.

you’re shocked we’re dropping after a week straight of 24:7 tether fud threads, it’s /planned/ so they can accumulate lower

>>25816908
This

>>25816917
not buying your bags, kike faggot tranny

>>25816862
Bingo. Spot on analysis here.

Dude, the recipe is almost perfect. Consider all of these factors:

* Media coverage started months ago. Everyone wants crypto, but wanted a dip

* Whales initiate selloff

*Whales get to liquidate longs

* Whales get to give the people on the sidelines "the dip" they've wanted, JUST AS CHECKS ARRIVE

* Whales win

>>25816971
Enjoy losing half your stake, dumbass.

>>25816862
And also liquidating gamblers on leverage.
5.581B worth of longs have been liquidated in last week.

>>25816917
It’s not immune to 51% attacks though kek

>>25816258
>"Rome wasn't built in one day."
It's been over a deade, chum.

>>25816518
"Read a chart" What chart? You mean the one's showing the price fluctuation of BTC?

just a shakeout man. relax, this thing is going to 100k this cycle just take it easy, no need to make a fucking post for every $3k drawback

>>25816908
Don't be cocky. BTC wasn't going to go to a 100k per coin in a month. A crash was inevitable, sell what you need and hold what you don't.
Tesla will inevitably crash sooner or later too. Rather than holding till you can get tens of millions, just cash out for millions. It's enough to set you for life.

>>25816851
being an absolute fucking retard is exactly how all of us found this board

>>25817528
I just meant you can't time perfect exits and entries. Most people sold at 20k expecting a correction too and it never came.

Bitcoin will not be constantly rising. But as you can see, while bitcoin was falling yesterday, Waves was again among the top earners.

>>25815794
Do you really think there was 0 reason to dump after a continued bullrun that was beyond reasonable? This is a needed and healthy correction. I would not have felt comfortable otherwise

How are you supposed to have a bull market without multiple corrections? It can't go up what way.

>>25817760
Damn time traveller anon

>>25815794
Shakedown before bull run.

40k was an overconfident recovery from previous bear. Realistically it should have stopped between 20 and 30.

We’ll be back to 20k-ish baseline and then the actual bull will start in a month or two.

>>25816740
and it hasn't recovered

>>25815794
40k was an overconfident recovery from a three year bear. Should have reasonably stopped between 20 and 30.

20k is the new baseline. Real bull starts in a couple of months. Strap in and buy everything below 20.

>>25818092
fill ze gap and pump a double bubble like 2013

>>25816002
>Even JP MORGAN marked it as $146,000 in 2020.

imagine actually thinking this is a good thing

>>25815794
Bitcoin is worth zero. That’s a good reason to dump it for 33k, hell it’s a good reason to dump it for 1 dollar.

>Bitcoin has no USE
Literally false. Online drug markets live on Bitcoin and drugs are becoming more commonplace than ever before.

>>25818634
idiot

>>25815944
Checked and probably true

>>25816141
Lurk more

>>25818706
>drugs are becoming more commonplace
not really

>Online drug markets live on BTC
Nope, they use Monero these days

>>25815794
>There is literally zero ZERO reason to dump
>There is ZERO bad news

News don't dump the price. The only thing that can dump the price is people selling more than buying and you don't need any kind of news for that to happen.

Usually bad news surface after the dip.

>>25815906
>BTC volume 80.72 billion
>USDT volume 136.65 billion
Tehterfags are clowns.

>>25815874
>Tether confirmed that Tether is not fraudulent.
Wew lad, I guess we're in the clear then.

>>25815794
>doesn’t want to hold a bag
what in tarnation

>EO nuking investment in virtually all Chinese firms and investment in funds that have exposure to Chinese firms is set to take effect today, at 9:30AM EST.
>This is effectively going to freeze any Chinese money in the US
>Fucks over both Chinamen trying to get wealth into the US for capital flight AND Chinamen trying to siphon USD for dogshit RMB via crypto exchanges because you can only trade Yuan on SWIFT.

What would happen if it were the case that a bunch of Chinese nationals were using cyrpto exchanges to get USD into China without using SWIFT?
Do you think they might want to cash the fuck out before the other shoe dropped

>>25817127
ipv6 been waiting for adoption for 30 years now

>>25815906
>Doesn't think 20 billion dollars circulated 5 times a day can siphon all of the real money out of crypto in a year.

NGMI

>>25816120
where do you get this from you fucking retard. I've been in crypto for over 5 years

>>25815874
Either baiting or clueless

>>25819227
interesting that some retards think there is money stored somehow in crypto
when you buy bitcoin your money goes yo the seller who spends it on hookers and cocaine

>>25816258
umh crypto apps and cards popping up left and right. some good some bad but still u can already have all ur networth in btc and use it as ur currency anywhere ppl accept card payment . like what more u need? space shuttles to visit planet bitcoin?

>>25816503
>>25816519
Are you guys from the same smoothbrain support group? The idea of utilizing BTC as a safe haven for capital has been gaining traction for years and corona bullshit shifted that process into fifth gear. Institutions are buying in ever increasing numbers and BTC is slowly but surely becoming a genuine component of the world economy. What kind of adoption are you mongoloids looking for if not this?

>>25815794
Just buy DOWNs and wait for the reversal

>>25815794
Its a global market, just look at the dumping times.
>Muh stimulus check
stupid burger

>>25815794
institutions are investing in this thing now bud. they control the market and will dump so the price dumps and people sell off. then they rebuy

there's zero reason to buy at 35000$

>>25815794
You want the real answer? There's a Binance pump and dump discord group. They are buying back right now.

>>25815794
>There is literally zero ZERO reason to dump,

yeah other than the fact that bitcoin is as bad as fiat in that it has no inherent value and isn't a store of value and isn't even a reliable means of exchange

>what is fundamental analysis
>>25819843

>>25819306
No it goes to the exchange who converts some of it to Tether, spending the rest on hookers and cocaine

>>25816141
you have to go back

>>25816002
When ((they)) tell you to buy, you should sell, and vice versa. It's not hard anon

>zero reason
>price doubles in a week
bruh
BRUH

It’s a ponzi used by the elites to drive demand away from physical pm’s.

>>25816474
In september 1 BTC is $1000. You buy 1BTC.

A few months later 1 BTC is $5000. You sell your 1 BTC. You now have $5000.

A big crash happens 1 year later and BTC is back at $1000. You buy 5 BTC.

Tada your 1 BTC became 5 BTC. When BTC reaches $5000 again, you'll have $25000.

>>25816776
>buy bitcoin, never sell
>seed in my will
>heirs can't use it until they've built a pyramid over my grave

>>25815944
This

>>25815794
It's a first sell off. Look at the RHODL. We're going to 200-220k this summer.

>>25816258
There's no reason for btc to catch on as a mainstream payment method, not soon at least.

Btc has many strengths over fiat; exactly 0 of them do normies actually care about. Btc thrives in environments where governments wish to regulate/interfere/shutdown. It's no wonder btc got its start in online black markets - but a currency which cannot be frozen, seized, or tracked isn't going to help make your morning Starbuck's purchase easier - just the opposite. Transactions are slow, expensive, and unwieldy.

Sure, there are "bitcoin credit cards" but this is glorified fiat. You're not really spending bitcoin nor is the merchant accepting it - it's just a marketing gimmick. Behind the scenes the banks are in full control of every transaction, in full compliance with every KYC/AML law, so why bother? Just sell the btc on an exchange and spend the fiat as you normally do.

The real potential of btc won't ever be realized unless (see: until) there is a catastrophic failure of the current system. Fiat currencies have an expiration date, brought closer by reckless government spending. In the past we've jumped to gold, now we can jump to btc.

Until that happens btc will remain a speculative asset and currency for gray/black markets only, imo.

t. bullish hodler since sub $1000

>>25815943
kek what a fucking retard
I can't sleep well since he got in.
I want him dead or far away from us