/biz/ - Business & Finance

>>27603027
shut up and buy the dip

Cautiously optimistic it will keep going up

>>27603027
Just don't yolo your life saving and you'll be fine.
Just spend whatever leftover cash you have every month that way you won't kill yourself if it tanks

>>27603027
could be the meme chart forming but i think the bullrun will last at least another 12h months

>>27603027
I look at the USD chart instead.

>>27603027
b/c you are, and that means it's goign to pump.

>>27603170
>12h
GET OUT, GET OUT NOW

>>27603027
because that would be the first time it dumped in this scenario

>>27603027
Remember when BTC first pumped past $2k and people said the EXACT same shit?

>>27603027
please crash i need more AHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

>>27603027
I'll start to consider the possibility of this shit not mooning when GPUs are no longer getting chinked out in nanoseconds every time they get restocked, and normal people can get them without special effort.
But that won't happen until the hoaxvirus goes away, which is never, so things are looking good. MINIMUM another 12 months until things even open partly and feel even a little normal again.

I only put 5k in years ago. If i lose 6 figures it was all unrealized gains anyway and won't affect me. If it goes to 7 figures i can take a shit on my boss's desk. Worth the risk tbqh

>>27603027
Not yet imo. Maybe after 100k.

>>27603119
based
sage thread

>>27603027
If it was going to it would have by now.

Retardously retard

>>27603027
>Massive bull flag
>Gunna tank
Anon I.....

We are.

>>27603997
>>Massive bull flag
>>Gunna tank
>Anon I.....
you're new to crypto, aren't you?

patterns never work.
they said the same shit about 2017..being a bullflag. don't be retarded anon.

>>27603027
I genuinely hope it does. I don't have enough.

>>27603027
Fucking weakhanded eurofags

>>27603163
yeah you'll kys when you realize you should have put more money in, instead of being happy with wagecucking gains.

>>27603119
Did you buyed?

>>27604303
>completely different time frames
lmao bears must be really desperate

Because of this chart

I’m short from 40k

>it can't keep going up forever!
yes, yes it can and will

>>27603380
Never owned stock before, thinking of gettin a single one of gamestop.
Do you mean there's only 12 hours left for the buyback?

pic not related

Does this remind you of any meme charts?

>>27603027
Just set a stop loss.

What do i do with my shitcoins when BTC starts to crash?

>>27603027
If it was gonna tank it would've done it by now. $30k has been rejected several times
I'm not worried because the fundamental background is still strong, as far as s2f, miner profitability, exchange balances, spent output ratio, marginal supply vs marginal demand.
I think we are on the first consolidation of three or four rises and consolidations that will bring us at least to $100k level and probably higher since we usually overshoot the model valuations.
>>27603119
This
>>27604303
You post stuff like this but ignore that every fundamental metric is not indicating an overheated market, these are basically fractals, I can show you this trend on specific weeks within a larger trend.

>>27603027
Trust the plan and get penetrated by trannies

>>27603027
You dont get it. You should probably leave this board its all going over your head.

All these shitcoins with millions in market cap rely on BTC and ETH to even function. The price of BTC might fluctuate up and down, but its value is only increasing as time goes on. This is the emerging world, get in now or get left behind.

>>27603027
Zoomers are brain-dead and think technicals are a meme because they're incapable of learning things.

>>27603027
I'm pretty sure everyone that has brain already sold. It is going down for at least 2 weeks.

>>27604397
It literally cannot be over because of the supply shock created by halving. Price must necessary move higher to satisfy the constant demand pressure and maintain mining economy
https://digitalik.net/btc/sf_multiple
Keeping this multiple suppressed sub 1 is unironically unsustainable and given now a halved marginal supply we'd only expect a rise in the price level

It will tank, all crypto will soon but it will be up yoy

>>27605415
agreed but what's your take on people getting distracted by meme trading? I thought it would hurt btcs value because a lot of casual traders saw the opportunity for gains elsewhere but now that people have had bad losses btc is seen as safe.

Its probably going to tank, and ETH will double or triple.

>>27605830
For how long d'ya reckon?

>>27605915
It doesn't hurt the value but might be expressed in the price. There is a valuation, it is separate from price :^)
Casuals are not as important this time as they were before because we are getting to market caps that are too big to be easily swayed by retail and small quantity traders. This is also why we anticipate diminishing returns, as the market cap grows it becomes harder to source additional capital and achieve higher market caps.
So institutions > individuals and that includes trusts like GBTC.
GME and the rest of the memestocks are basically a blip and not expected to be anything more, no one is getting into gamestop at $300 for the long term hold, there is no future with it really
Bitcoin is exposed to risk on/risk off pressures and although it gets memed as a haven it is momentarily still a risk asset with a volatility 8x that of stocks, any change in outlook that would make people dump stocks is going to make people dump bitcoin as well

>>27604710
microstrat is under sec and fbi investigation. Slayor has been selling MSTR stock via 3rd party called Alancatara LLC, and then using those funds to buy 5-10 million worth of Bitcoin.

He's under investigation because he's claiming the sell is a tax free "donation".

https://sec.report/Document/0001209191-20-065594/

"3. These 50,000 shares have been transferred by the LLC as a gift to a charitable foundation for no consideration."


This won't end well.

>>27605703
>It literally cannot be over because of the supply shock created by halving

LOL. You realize at any moment a whale can unload enough supply to tank this market?

Stock to flow only works on commodities where the underlying commodity is CONSUMED.

Just because crypto is in storage, doesn't mean it's consumed anon.

>>27605952
>and ETH will double or triple
shut the fuck up

>>27603027

X declares dividends after searching the couch for change to pay off 2nd half of Big River and then they dilute lol what a trash company.. amazing

Buy CLF instead..

>>27607688
Btc does get consumed by virtue of being burnt when people lose keys. But will ignore because this is not a desired outcome for anyone
Daily marginal supply is like 900 BTC and grayscale alone is demanding something like 1,100 BTC per day and that is just one actor.
Price in future value as well given the output will drop to 450/day in ~2024 and 225/day in ~2028
A whale may try to do this and I welcome them to it because fact is there is substantial quantity demand at every lower price level

>>27603027
its just started, why would you be worried

>>27608401
>Btc does get consumed by virtue of being burnt when people lose keys

lol, this is the weakest argument. First, you can't predict or assess this. Second, technically it's never lost, because you never know when someone will find their "lost" keys.

Try harder anon, stop drinking the koolaid.

>>27603027
Because I understand what makes Bitcoin valuable and understand why it will, without question, be worth at least a few hundred thousand within the decade, even if it dumps at some point between. Because I’m not just some stupid faggot that chases pumps from coins that don’t do anything. That isn’t you, is it OP?

Is there an easy way to hedge your bitcoin portfolio? why isnt there a bigger options market?

>>27608958
This also works for gold so idk why you're sperging about it honestly
>noooo you can't just hold an investment!
Why don't you try something other than an argument from incredulity redditfag

>>27603027
I'm extremely worried.

>he looks at the linear BTC chart instead of log
lmfao n00b

that chart looks sure looks precarious

I sold my BTC for ETH and it’s been paying off

Most mucking manipulated market I ever saw. Total bullshit.

>>27609496
>I was wrong so everyone is cheating

>>27609496
So where does this take us in the next few weeks?

>>27609496
>daily chart
ngmi, look at the weekly and monthly anon

>>27603027
>he holds BTC during alt season

>>27609496
GME holders would beg to differ

>>27609597
Brainlet you don't get it at all. If everything is working naturally, it literally HAS to follow the cycle, if its not, its because somebody is forcing the price in a certain direction. Ironically this only means the natural correction will be even harder, the pendulum will swing back. Expect to see losses of up to 400% if you keep holding

>>27609678
>>27609849
fren, daily means nothing in this scale, look at the monthly or weekly

>>27609849
God, I hope so. Outside of DCA'ers, don't know who the fuck is buying at these prices after a huge rally...

>>27609849
The chart implies that there's a bubble. If there isn't, we don't expect coherence
Guess what's forcing the price. Demand is still not satisfied. Simple as
>400% loss
God I'm talking to a fool

>>27609089
>This also works for gold so idk why you're sperging about it honestly

How does this work for gold? So much gold is consumed for industrial purposes every year, gone forever.

Stock to flow is literally designed to measure the efficiency of a market as its supply meets predicted industrial and consumer demand.

You can't predict demand for bitcoin.

You can predict demand for gold, apples, basedbeans, oil, etc... because there is an underlying historical industrial and commercial demand model.

You can't compare the consumption of an apple or oil or basedbeans to the assumed "consumption" of a lost bitcoin key.

Anon, I'm gonna guess you're probably a 20 year old neet, that lives with his parents. You've probably read a few Antonopoulos books, you're active on CT, probably follow Willy Woo, and you watch a bunch of crypto youtubers...and this is where you get the majority of your understanding in markets. You have a lot more to learn, you'll get there one day, kiddo.

>>27609981
institutions caused this price increase, they only purchased to create financial instruments on btc to their customers, once theyre done supporting the price, retail won't be able to support it; you have to remember that the jew is in it for the long run, capable of holding for decades, and are more interested in farming up fees from the users that use their new instruments

>>27609909
problem is that daily was previously very fucking accurate but somehow it changed. very fishy what is going on.

>>27604303
I like how it goes up so fast and then takes ages to go back to zero, ETH will be unusable once it starts dumping for months back to 700 which is fair value

>>27603027
I'm not worried, because I have been expecting it. Cracks me up when I hear people say "it's going to crash!".

>>27609849
>losses of up to 400%
>calling other people brainlet

>>27610260
>You can't predict demand for bitcoin.
You can literally just look at the past ten years and infer from it
Same as we do for gold demand for investment purposes, which is frequently measured separately from industrial demand.
Idk who those people are
My market understandings come from graduate level economics, years of experience, and the CFA institute.
I told you explicitly I ignore supply effects created by burnt bitcoin it's only a statement of fact that it has been consumed over time. Relax bud

>>27603027
It will. Just like it did when it hit 100. Just like it did when it hit 1k. Just like it did when it hit 19k. Just like it will now. Then you can begin accumulating again for 1-2 years before normies remember it's a thing and get excited about it again.

>>27604941
This was supposed weeks ago

Because every financial institution is buying billions worth of btc, I won't even think about selling anything until 100k

>>27610791
they were doing it on small timeframe charts back then, now we got the higher time frame charts backing up the same conclusion, BIG DUMP

>>27610339
multiple factors, really: more liquidity, price following real life events (pandemic, stocks, fiat) whereas before none of it mattered, so dailies and lower timeframes won't be that accurate to the past (though i remember when btc would react quite heavily to china rumours or a small company announcing they'll accept btc payments)

weekly is pretty accurate, but monthly is what really paints a picture of what's happening and going to happen, and as cycles result in more money and higher prices, it'll make lower timeframes even less relevant

>>27607557
the guy is a total crook. Just like every other clown in BTC. I hope Elon doesn't fall for the bait.
Saylor under investigation, tether under investigation, but sure, buy BTC at 35k, what could possibly happen?

>>27611099
>>27610339
i also completely fucking forgot a really important factor now: the cboe futures practically began to control btc, they have from the moment they launched, which was the very second the 2017 pump ended because they opened at the peak and shorted it to the ground, so of course they have a bit of manipulation going on

Fuck this pump. LTC had a predictible fluctuation for the past two weeks. Buying low and selling high was childsplay, I wish it could stay that way forever.

>>27610646
>My market understandings come from graduate level economics, years of experience, and the CFA institute.


if you had any of that, you'd understand that using stock to flow on bitcoin is wrong, and you'd also understand that over the past 10 years, the demand for bitcoin has been anything but predictable.

Again, you'll get there one day kiddo.

>>27611361
alts are going to get rekt once this crashes, because so many have no reason to exist, they'll never recover, the future of alts is genuine usecases and features, actual technical innovation, not this erc20 shit we've been seeing

>>27611127
>the guy is a total crook. Just like every other clown in BTC.

He's pretty much this bull cycle's John Mcaffee, will go down for Tax Fraud just like John as well.

The SEC should have been harsher on him back in the early 00s.

>>27611515
Ok fag when we get there you will have a great opportunity to buy my coins

>>27611319
>i also completely fucking forgot a really important factor now: the cboe futures practically began to control btc, they have from the moment they launched, which was the very second the 2017 pump ended because they opened at the peak and shorted it to the ground, so of course they have a bit of manipulation going on


Hedgefunds are buying bitcoin spot, and then they short on futures/options.

It's a pretty unsophisticated system they got going on right now.

>>27611601
>>27611601
>>27611601
>>27611601
>>27611601
I hope this happens soon. Too many shitcoins. 1-5 ppl dev teams making something revolutionary. What a bunch of bs. Look at alt which has 50+++ devs, then they are serious.

>>27611746
Don't be a child.

>>27603027
sage into all fields

>>27603027
because it did only 2x of the last ath. nowhere near where the top of this cycle should be.

>>27611923
Oh good big warchest to buy my fucking coins

>>27603027
It is going to tank in a few months but we aren't even close to peak hype for this cycle. Elon and Jack Dorsey both have bitcoin in their twitter bios but that's it. You'll know when the real euphoria hits, which is your cue to leave.

>>27611875
the real innovation are the coins that are fully decentralised, no ceos or premines, just a group of actual community members like it used to be in the past; it's users that know what they want and how to build it for the masses, not silicon valley ceos

also: trust in traditional structure is decaying, and currently crypto is using the same structure

it's all centralised, just imagine trying to vote out sergey from chainlink to be replaced by the community, do you really think he'd shift? fuck no, because it's centralised, do you have a say in development and what features go through? again, nope, centralised

>>27604303
You post this but the most important metric on those charts (the EMAs/moving averages crossing) shows that we aren't at the peak yet.

The cycles get shorter each time

Just a return to normal, mumu.

>>27612892
>The cycles get shorter each time
they don't understand this, they think it's still based around halving.

>>27603027
The wojak fields of blood is coming soon, the more important question however is what will the new price floor be? I'm thinking realistically around 11-13k and that's when you should transfer your shitcoins into btc

>>27605830
>entire world economy has had the brakes slammed on it in a historically unprecedented way
And yet stonk market marches ever higher. Why?
>central banks print 6 gorillion meme bux per hour
Where is it ending up? Speculative investment, both institutional and individual. Stonks and crypto will just keep on bubbling as long as this game is played, and then one day, you will wake up and it will all have changed.

Ride the bubble, sure - but keep hard assets on hand for the day it pops.

>>27607557
Ohhhh yeah, right. So Mike Saylor needs to commit fraud in plain view to find $10 million which he could literally pull out of his seat cushions

get fucked nocoiner

>Mr. Saylor also directly owns an employee stock option to purchase 400,000 shares of Class A common stock with (i) an exercise price of $121.43 per share and (ii) an expiration date of April 30, 2024. Of the 400,000 shares subject to this option, 100,000 shares vested on April 30, 2015, 100,000 shares vested on April 30, 2016, 100,000 shares vested on April 30, 2017, and 100,000 sharesvested on April 30, 2018.

>>27603027
we dont worry nigger we make money
now fuck off back to kikeit dot coom

>>27603743
GPUs aren't used to mine Bitcoin. Go back to pol kid

>>27613279
Try a power law regression and see why you're calling it too early fren

>>27603119
fbpb
>>27603027
You're a massive faggot and don't realized how fucked fiat is. it's literally fucking worthless. just dump every dollar you get into crypto.

>>27603027
>literally a textbook cup-and-handle chart
>every retard in america has $1400 incoming looking for the next moon
no, I'm not worried. I'll be worried when Jamal invests his $1400 in

>>27610260
>You have a lot more to learn, you'll get there one day, kiddo.
post net worth

>>27607688
>LOL. You realize at any moment a whale can unload enough supply to tank this market?

I guess you can only hope and pray and put in your low buy order