/biz/ - Business & Finance

It's not flash crash, but a slow bleed

>>26042559

Yes the 15th of January was slightly incorrect FUD...when tether gets that audit/cant prove its backing this shit is going to tank so hard. I am not saying sell, but stop buying huge amounts right now, youre gonna feel sick this month.

>>26042559
Crypto has rewarded optimism if you look at it long term. Bears just like to be negative about things. It's still useful for bulls to battle test their thesis in bear threads. This bias probably means your bearish reasoning is lacking fundamentally since you don't represent it well in bulk threads.

>>26042559
Because bulls have low iq. Mostly bombo repubtard mentality

Bears just don't have any intuition.

>>26042559
why would any newfags buy btc? Go for link.

>>26042672
Well, I am not against BTC in the long run. We all KNOW where BTC is going long term, up and staying up. But these kids think this CURRENT balloon aint gonna pop, sorry to say it is. But there is opportunity in that! Buy as it goes down, buy loads at the bottom, make smaller purchases as it goes up. Dollar cost averaging and HODL, be hard to lose honestly ffs

>>26042611
it will bleed out until whales give up and just cash out in a flash crash. it will happen within 10 days. might even see another attempted run up to 40k before everyone realizes this thing's out of steam

>>26042559
>Tether muh 15th FUD
>Muh return no "normal" FUD
KYS Bobo. You had 12 years.

>>26042793
Agree 100%. This is actually a great bearish argument haha

>>26042637
>slightly incorrect FUD
AAAHAHAHAHAHAHAHAHAHAHAHHAHAHHHAHAAHAHHAHAHAHAHAHHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHHAHAHAHHAHA THE FUCKING COPE

>logic in 2021

>>26042864
This fag doesnt realize whats gonna happen. Lemme guess showed up recently newfag? Yes I had 12 years and shouldve jumped on YEARS ago, but theres still time for me and a few others, this shit will dip.

>>26042864
if you really don't see that we're beyond the crest of a dead cat bounce there's no helping you. look at the signs.

>40k rejected
>everyone flooding into alts now

it's over and this thing will bleed out all week before finally capitulating. strong dollar will only help push it along as institutions dump their bags.

>>26042559
you can't read a chart to save your worthless bera life anyhow

>>26042637
what is this a FUD for ants?

>>26043109
Again, what are you implying? Bulls just call me a nigger retard sheboon but dont actually give any facts as to why it is going to keep rising after hitting a new ATH, correcting, then going back to the ATH but getting rejected. This is the part of the titanic where some people said "this ship cant sink?!" But surely, it can and will. Plus comparing history and charts we are matching every crash.

Balls in your court perma bullfag.

>>26042559
>Why is it that bobo threads are presented with logic, data, reason, HISTORY, charts, news etc. Yet the bulls can NEVER back up what theyre saying with ANY facts.
When was this, retard? Post them here. Literally the only bearish shit is the weekly rsi. Dumbass

AND TO ADD.... Tether is going to be exploited as a reason for REGULATION and for big government and institutions to get involved.

Tether is the sacrificial lamb. It will be shown and exploited, we all know crypto will be widely adopted, but the stage has to be set first. For 2021 this shit is EASILY going sub 30k, maybe sub 20k.

>>26043429
>Literally the only bearish shit is the weekly rsi
did you just wake up and not look at today's trading pattern?

>40k rejected hard
>dipped all day
>last stand up to 37k faltering

this shit's sitting on matchsticks. if you haven't sold you're cucking yourself

>>26042559
> Why is it that bobo threads are presented with logic, data, reason, HISTORY, charts, news etc.

Fucking lol. Bobos don't present shit. They just panic about some FUD and conveniently move to the next one when nothing happens. The Tether news just showed that Tether operates exactly like a bank does, nothing more. Don't listen to anyone who thinks they can predict where prices will go. Only whales and massive bags/influencers can draw accurate probabilities, and you're not one of them.

Go back to looking at anime girls, retard. Your lunch money cannot out-smart the market.

>>26043317
that we can't talk about tops until we are deep in yellow and edging toward green.

>>26043532
>retard ignores symmetrical triangle with upwards bias
Fucking noob

>>26043532
THIS

>>26043543
Dude do you not understand tether and how it works? The 15th itself is not the doomsday, its the weeks following. We all know tether is not backed by much. It will be made as an example of to usher in regulation and big boy institutions/government to get involved and regulate. Tether will implode and old style banks will become the new exchanges. BTC was never actually for privacy and a fuck u to the banks...its the worlds financial sytem moving to a new thing because runaway inflation and everything else. Look at the big picture. The dip is coming

>>26043649
>>26043715
kek

>>26043715
>this
you don't even know how to do TA, do you? You don't just trade without confirmations, you fucking ape

>>26043715
I can tell you are new as FUCK because you treat this fud as if it's the first time ever that bitcoin is "dying".

Idiot fomo retailers like you don't know shit. I bet you weren't even here during the bear market

>B-BUT THIS TIME IS DIFFERENT

weak hands like you deserve to die poor

>bobo thread
>logic and reason
You mean those "x will never pass y again"?

Because it is a logical argument backed by science that too much logic investing will make you lose. Dont be a robot bobo, humans act on emotions and now we are euphoric. Kneel

>>26043857
Been here since a little after this board was made scrub. You completely missed the point... I have seen BTC die and revive multiple times. I am no FOMOing you absolute mongrel retard. This aint weak hands bitch I dont sell. Holy shit reread the whole thread.

>>26042559
based bobo. newfriends dont be afraid to take profit and dont listen to never sell retards here

>>26044040
Someone gets it. I for one dont ever sell BTC. You can buy and sell shitcoins but BTC is not a shitcoin. I just wanted to tell people not to go all in when were at an obvious top..FFS

>>26044033
>Been here since a little after this board was made scrub.
>I was here before this board was even created, s-scrub!
Shut the fuck up. No one here believes you considering some fud scares the hell out of you kek.
I am not reading the whole thread. I am reading the dumbass comment I responded to. It's retard levels of fud. Why don't you short it then if you're so sure?
Fucking bobos and their retardation. Stop pretending you're not new

>>26043715
We're not debating philosophy here, but market direction. There's always a "dip coming", but you cannot predict when. Regulations are coming, unfortunately, but it will not kill crypto. The establishment will simply join in and will try to push their own rules. Just look how JPM and Goldman are opening up to it. Coinbase, Binance, Bitfinex, etc. are government approved exchanges which pay taxes.

Regarding Tether; it IS a bank and operates like a bank. They accept deposits and invest it in assets (like buying BTC since $10k) or give it out as loans. They keep about 10% in reserve in case of people withdrawing, the rest is simply reinvested. Meaning; people buy USDT in order to buy BTC, and then Tether uses those funds to buy BTC (and other assets), too. They create money out of thin air, just buy accepting deposits and reinvesting those deposits. If the reserve is not enough to cover withdrawals, they take out a loan... by an other bank. This is banking 1-0-1.

>>26044183
>shorting inside a symmetrical triangle that hasn't broken down yet
Lol

>>26044238
>
>>26044245
Only two good comments.

This faggot presents nothing. The ATH was reached, it corrected, then tried to hit it again and failed. Just speaking from past experience and history, you can literally look these charts up, shortly after comes a crash everytime

>>26044183
Just fir the record, I miss clicked. This comment:>>26044245
was meant for this person: >>26044040

>>26042559
> using logic to inform investment decisions
ngmi

>>26044514
>thinking op was doing that
Lol
All they have said is "tether fud and M pattern!".

>>26044514
kek

>>26043635
>literally relying on moon signs and voodoo rather than a clearly established pattern of human behavior that has played out repeatedly in the crypto space.

are you holding/buying right now or just trolling?

>>26042559
>NOT HAPPENING! This bitch is gonna sink, theres a nice floor around $14k-$15k
You arrogantly think you know where BTC is headed short/mid-term, in doing this, eventually all bobos will either get liquidated or priced out.

>>26044626
Hes clearly bought at $40k and demanding we all buy because his bags are heavy right now. Dont sell just hang on to it as it goes down and down, maybe be smart enough to buy the bottom thats gonna show up this year, probably this month

>>26044626
>human behavior
Wait, your dumbass doesn't even use TA and just relies on news to long or short bitcoin?
Hahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahaha

>>26044741
I bought under 10k :). I'm not you, retard. Keep coping. Die poor

>>26042559
And yet so far, bulls were ALWAYS right, while bobos keep getting rekt.

See you at 200k.

>>26044702
This dumb bitch doesn't even use TA hahahahahahahahaha. This fucking retard literally relies on news and picks price targets from his ass. Like quite literally he is guessing. New fag retailers are so fucking stupid

>>26042559
Bobos slap together any old excuse, one after another after another, and it's just so tiring when I know they'll all be bullshit... Most of it comes from disingenuous poorfags or nocoiners who are dumb enough to think shilling on 4chan might lower the price so they can buy in cheap (or it's at least wishful thinking).

>>26044841
This retard is going to cry eoy Lol. Also, the dumb retard has never heard of "DCA". He's a retard newfag.
I actually got fucked having op's retard mentality in the sense that when bitcoin was at 15k (mind you, I have over 1 and bought under 10k too), I got greedy trying to buy a big dip that never came and ended up buying my last stack at 19k levels. I basically could have had about .5 MORE bitcoin had I just DCAd.

>>26044702
I am basing that off the past trends, we are literally, LITERALLY matching those old trends right before the crash.

>>26042559
is usdt still allowed on eth? i thought NYState just assblastered them

>>26044842

>>26045013
Coping child

>>26044916
I literally put DCA in the original post fucking pajeet street shitter.

>>26044913
Did you consider this? I am trying to make genuine dialogue on why I COULD be wrong and needs and want reasons as to why? Do you not question your own actions anon? Can you not introspect? Crusty ass bum. Everyone knows shilling on a mongolian hamster wheel board has no effect on major buyers. No one reads this shit

>>26044702
This is really the way. If you are good at trading, great. If you are not, it's better to just buy and hold because you will think you know what you're doing and will mess up. Selling too early, too late, getting priced out, etc. In the long run it's going up so just invest what you can (not everything) and at some point in the future you will be rich. We almost all agree crypto will be part of the future right? It's literally set and forget.

Maybe not this cycle but at some point crashes will just stop really happening. At some point it will be wreckless to sell out because it will only be heading up. Things will eventually change.

Long time preference people.

>>26045038
>Im calling out ALL these faggot bulls. Why is it that bobo threads are presented with logic, data, reason, HISTORY, charts, news etc. Yet the bulls can NEVER back up what theyre saying with ANY facts. Because theyre pipe dreaming idiots who bought $100 on coinbase and think theyre getting rich in 2021.
>NOT HAPPENING! This bitch is gonna sink, theres a nice floor around $14k-$15k buy as it goes down and then massive buy when it hits that floor. Or keep pretending big number go up and green candles never end.
>Bobo speaks from experience, bull blinded by greed
Nowhere did you mention dcaing you STUPID FUCKING RETARD

>>26042793
When the bubble pops it will be when the price is overinflated. Currently it's just at a reasonable valuation. We are where it dips back to when the coming bubble pops. $30k is the new $6k.
Everyone is thinking like you and betting on a bleed from January but the delayed buying pressure will just erupt in a larger frenzy.

>>26045082
This. These are the comments im looking for. I also thought people may be thinking that way. I still think 30k is a high floor though. Any reason that you say 30k?

>>26045070
>If you are not, it's better to just buy and hold because you will think you know what you're doing and will mess up.
Op is going to find out the hard way. A shit ton of people sold at 30k thinking that was the top and are now fucked unless they luck out with a double top

>>26045028
you can make money on this thing on the way down you know

>>26045158
No shit. Not by randomly shorting based on "gut feels" though.

>>26045158
OP is saying you buy on the way down, buy loads when you think its at a bottom, and small buys as it goes up. Wtf is being missed here? dont sell

>>26044842
I do use TA, but for alts, I don't trade BTC.

>>26045171
>not using gut feels
no wonder you're gonna get fleeced when this thing crashes tomorrow

>>26045247
>op is saying
>is using op ID
Lmfao were you changing IDs?
But anyways, your op post didn't say dca at all. It was just full on bear mode AND you are claiming you can time the market. AND you ignore TA.

>>26045248
Oh, that comment was in agreement to yours and when I said "this dumb bitch", I meant op

>>26045304
I went from my PC to my phone so i figured the ID would change but im not on LTE so it wont change my bad. Also i forgot to put DCA in OP but its what I AM doing. However TA would show a nice large dip coming. Seems to be the general consensus

>>26045286
....Are you fucking kidding me right now?
This idiot actually only relies on gut feels. Like he just admitted it. Well whatever. Have fun losing your money

>>26045374
TA shows 2 scenarios. You wait for confirmation before longing or shorting either. We're actually inside a bullish symmetrical triangle at the moment which has a price target above the ath. There is also another scenario where we crash to sub 30k. There is no clear bias yet as we haven't broken out

>>26045377
tfw shorted 39,500 based on gut feels and closed at 35,600

>>26045377
how hard are you sweating right now as this thing descends back down to 35k, bullbro

>>26045443
Good for you. Now try doing that for a year and see how many times you get lucky

>>26042559
Crypto bobos like you are dunning kruger personified. You don't know shit, you just think being contrarian and reposting someone else's fud makes you smarter than the rest of the market. It's honestly pathetic and embassing. You prob don't even have a short position. Faggot.

>>26043715
For me it’s the mcchicken

>>26045480
We're still inside a symmetrical triangle, you dumbass ape. Yes, 35k levels is inside the fucking triangle, retard

>>26044033
>consistently higher highs and higher lows for the last decade means Bitcoin is "dying"

Are you retarded?

>>26045616
Not one person here said BTC is dying. Noy one. But it DOES dip and dips hard. Have you ever looked at a past chart retard?

>>26042559
Because the average person either cares a lot about an investment and is bullish on it or else doesn't care and is indifferent on it.
The bearish types are more likely to be actual traders since it's not as obvious to regular people you can make lots of money betting against the success of others.

>>26046119
you mean a char pre-microstrategy? kek

>>26046243
Youre just throwing $1000 out there with what like 100x leverage?

>>26045525
>muh triangle

if this hour closes above 36.5k and you dont buy, ngmi

>>26046634
I'm not actually a bobo. Just explaining the phenomenon. Normal people try to pick winners. People more involved in trading subcultures (whether skillfully or badly incompetent) are the ones trying to short.

>>26042559
One word for you bears
>Tesla
That is all. Take your 'logic' elsewhere.

>>26044932
Assuming it does follow 2017 I can see the top being right below 100K and the bottom near 25K, but differently from 2017 BTC is now seen as a hedge against inflation rather then pure speculative asset, and more institutions/banks/HNWI could enter the scene, in which case the price could go much higher.

>>26042559
>>26042611
>>26042637
>>26042735
>>26042814
>>26042901
>>26042949
>>26043020
>>26043317
>>26043517
>>26043532
>>26043715
>>26044033
>>26044363
>>26044932
>>26045158
>>26045480
>>26045443

I am out.
Not going to stay in a market that has done a 10x in less than a year.
That's just stupid...
WHO KNOWS, it could go 2 - 4x from here, but it's less likely.

I am out, I also hate Tether and won't jump back until the market has done a 70%+ correction and Tether is dead/non-systemic risk.