/biz/ - Business & Finance

>>25833332
denial

I would like to remind you niggers that in 2017, there were -40% dip about 6 times before bitcoin hitting 20k :D

>>25833332
both first sell-off and denial

>>25833332
The stage of the market being unimaginably overheated thanks to years of short sale restrictions, plunge protection, and other assorted measures which have only served to distort price to the upside. The unwinding of all of that inefficiency is going to be something heinous. I had a moment of clarity today while trading. The stuff I'm trading is now like double where it was when I first started and it's just continuously edging higher overall. Just more and more and more and more. There is no reason for this. I'm making good money, but I could be doing it if the price of these things was half of where it was. It's like it's just being pulled higher by gravitational force. It's absurd. Everything should be like half of where it is right now as a MAX and realistically everything should be trading from half of that as its price-finding behavioral range. So realistically, everything right now should be about 1/4th of what it is priced at currently.

>>25833415
2021 iS gOiNg To bE eXaCtLy LikE 2017 BrOs!!!

>>25833618
Bitcoin does this shit every 2-3 years lol.
It goes up 300-600%, then dumps 70% of its value.

protip:
you can find this cycle as fractals in any timeframe if you look hard enough, be it the minute chart up to weekly. it means nothing without context.
if you consider context (fundamentals) we are getting to the media attention phase right now. in a bigger timeframe, the attention has just started. retards on twitter in this scale, as of now, MEAN NOTHING.
if there is NOT a major black swan event (crash to unpredictable lows), price will rise after a little bit of sideways to unprecedented ATH.
considering pic related and this:
https://decentrader.com/charts/rhodl-ratio/
we still got some way to go. it could however be a timeframe of a few months to hit the goal. and the dips until we get there, they will produce panic selling and lots of salt on the losing side and tons of schadenfreude and resulting cum from all the retards here jacking off to normans losing their hard eanred shekels.

>>25833730
Yes it will be exactly the same every 4 years, and in 100 years BTC will be worth $999999999999999999999999999999 because every 4 years bro!!! EVERY 4 YEARS WOW COOOOOOOL !!!!!!

BITCOIN BROS HOLD ITS THE 4 YEAR CYCLE $99999999999999999999999 INCOMING

>>25833419
this guy gets it.
it's all about fractals.
put 2+2 together.

>>25833415
what happened in the two years following that?

>>25833332

>>25833777
Imagine being this delusional about some random charts...
The only thing that truly matters is price action you fucking retard, and it's telling a very different story

>>25833777
I see what you mean, I think that Tether getting SEC fucked + UK strain is going to count as a black swan.

For oldfags, we're basically looking at 2013 again.

>>25833383
fpbp, 500 USD EOW.

>>25833332
Takeoff

we're either in enthusiasm or greed

>>25833332
Unironically bear trap

The fuck you money phase

>>25834317
I sold at $40k and decided to sit on the sidelines until the tether shit is resolved.

Unironically thank you /biz/ for all the Tether fud spam, that podcast confirmed my suspicions

>>25834924
man, I'm glad you made money, but you've been posting your portfolio for days on end now. go have some fun, dude. enjoy life as a millionnaire

>>25834924
Based cliff poster

>>25833332
Bull trap, going in to the return to normal. If you haven't sold yet do so now. Trying to catch that return to normal may not work as well as you hope.

>>25834924
Damn anon, up $2 I see

>>25833332
Bear trap

>>25833618
>this time is different!

>>25833777
nigger, did my post just get blessed?

>>25833816
In order for bitcoin to survive it literally has to. If it doesn’t inflate to enormous values it’s not worth the energy it takes to mine coins.

>>25833332
FIRST MOTHERFUCKING SELL OFF! I'M TAKING OUT A DOZEN OF PAYDAY & PERSONAL LOANS TODAY TO BUY THE MOTHERFUCKING DIPPPPSSSSSSS
If I fail I'll just kill myself KEKEKEK

>>25833415
:D wow :D

>>25835114
Will eventually be superseded by other tech. PoS is just the first step.

>>25833332
i really need it to go back to normal asap to break even
what the fuuuuuuuuuuuuuuuuuuuuck

>>25833943
It went up again

>>25833332
Probably bulltrap

>btc has been violently correcting 20-40% during every bullrun
bobo: noo nooo this time it's different, this time bitcoin is dead

>btc has always exceeded its ATH from previous cycle by at least x10
bobo: noo nooo this time it's different, this time bitcoin's bullrun ends at x2 from previous ATH

>btc has been following numerous macro indicators for 12 years
bobo: noo nooo this time it's different, this time they will fail

>btc has been following the 2y bear&bull cycle for the last 12 years
bobo: noo nooo this time it's different, this time bitcoin is dead

>>25833777
Checked and confirmed, the 7s of truth do not lie

>>25833332
denial. if you dont short this very moment you will NEVER make it. BTC is heading to $200

>>25833415
Yeah a 40% dip on 2k is like $800, we are at a fucking 10k dip right now. Over 10 times worse you retard.

>>25835302
This time, big Banks and Government banned it.

>>25835302
this time your ponzi is dead. you didnt think you would get rich from buying internet coins, did you? time to get a job like the rest of us and do some honest work........................

>>25835534
>Yeah a 40% dip on 2k is like $800, we are at a fucking 10k dip right now. Over 10 times worse you retard.
A 40% dip is a 40% dip you fucking smoothbrain.

>>25835362
I'll buy all your bitcoin at $200.

>>25835302
>four fucking bubbles he still hasn't managed to make money

its gonna go back up right goys?? right???

>>25835534
Are you retarded anon? You can tell us we are all frens here.

>>25835302
I wouldn't go for ATH desu. The bubble started off at 10k so 100k is the target, not 200k. 4x is still a

>>25833332
Denial awaiting a bulltrap after we cross into 29k.

we're in "take off".
the world economy is 99.99999999% money and 0.000000000001% crypto. in the future these numbers are reversed. in ten years where we are now is the "takeoff" on that chart.

>>25833332
Stealth phase. We're so fucking early frens!

>>25833419
This anon knows. It’s all fractal. This is the first sell off of the 2021 GBR but the despair/capitulation point of the current top.

>>25833332
It's a new paradigm, and everybody who doesn't buy, now, will be priced out forever. Anybody who does buy will be rewarded with a lifetime of riches, as their bitcoin will continue its 30% monthly price increase.

Nocoiners, and anybody born in a future generation, will not be able to afford a $10,000,000 satoshi in 15 years. They will live in tent cities, and Hondas.

This asset bubble is different than all of the others - it will never slow down, or pop. The gains are permanent.

>>25833816
t. Butthurt nocoiner

>>25833332
media attention

I'm on "locked bitcoin account cause can't verify identity"

>>25835534
Topkek, pls be bait

>>25835534

yes

>>25833618
>make fun of people saying it’s going to be different
>make fun of people saying it’s going to be the same

>>25833415
> in 2017, there were... before bitcoin hitting 20k :D
And how long was BTC at 20k in 2017? A day? Less than a day?

>>25833816
Attaching a basedjack to a statement doesn’t make it wrong

>>25833332
bulltrap-return to "normal"
yesterday was denial

>>25833332
obvious bulltrap incoming if you wanna buy some buttcorns wait till 13K

>>25833985
Shit we’re definitely bobo all I see is bobo threads right now

>>25834924
>having a mil
>it’s tied up in RH so you can’t enjoy it and spend all day trying to find validation on 4chan of all places
Is it possible for someone to make it and yet still ngmi?

>>25833332
there's already media attention
even KSI tweeted ethereum 3 days ago, then the top came the next day

>>25834317
Such a perfect time to buy.

Everything points toward first sell off with early media attention

>>25833332

None

Technical analysis isn't real you fucking retards

>>25833332
First sell off
If you ised not here in 2017 you don't know

>>25834924
based absolute loser with nothing better to do

>kek

>>25837959
Bitcoin was mentioned on the Simpsons in 2013.

>>25838762
but that's not the current cycle is it?

>>25833415
:D oh really faggot :D :D :D
:D
:D

:D:D
:D:D:D:D:D

>>25834924
kek

>>25838412
This

>>25838762
what episode

>>25839510
Nyt nukkumaan :D

>>25837692
>Attaching a basedjack to a statement doesn’t make it wrong

>>25833777
7's of truth and integrity

>>25833383
fpbp

>>25833415
>this time it's the same

>>25833332
FSO
>>25833816
No because the returns diminish as a power law. The price has not yet approached the upper band in that model. There are people with far bigger brains doing this analysis.
>>25834362
Friendly reminder bitcoin has literally never gone below the cost to mine

>>25833383
fuck off

the media hype literally just started so we're at that little dip around "media attention"

>>25833415
This is the kind of person that gives financial advice here.

>>25840982
an he is right

>>25840242
The "media hype" is already over, dumbo

>>25833332
peak denial

>>25833332
bear trap

>>25834317
> UK strain

Its from South Africa though. It was just noticed here first

>>25833383
Sure as hell looks like denial.
Won't be surprised to see $4 500 - 6 000 BTC within 18 months.

>>25833332
How do i buy in despair?

>>25839928
>>25840145
Based

>>25842134
>Its from South Africa though. It was just noticed here first
Two different strains.The South African one is more contagious and affects young adults.