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/biz/ - Business & Finance

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27734597 No.27734597 [Reply] [Original]

Where the fuck are we going? A lot of anons are saying we're on the verge of a 2017-tier crash, meanwhile it's pumping like crazy

>> No.27734866

Nobody knows. It's more likely to go up than down though going off past cycles. If this is genuinely the end of the cycle, Bitcoin is done for and 2017 was the last time to make decent money off of it.

>> No.27734917

>>27734597
It always pumps before the dump. Be careful anon

>> No.27734946

>>27734597
The pump will continue until August then the bear returns

>> No.27735024

>>27734597
it's not the end of the bull but that doesn't mean it can't dump.

>> No.27735102

I actually believe this wave is gonna be more stable, will probably not drop below 30k again. Lots of organizations buying ALOT of BTC.

>> No.27735149

it was 138,000$ CAD in my dream the other night

>> No.27735218

First retracement, 2-5 more needed

>> No.27735240

>>27734597
>anons are saying
no anon is saying that.. those are kike shills, and if you can tell them and their lies apart i'm afraid you're ngmi

>> No.27735262

>>27734597
they don't want you to make it anon.
>Every major country printing money like its toilet paper
>every massive investment group dumping billions into BTC
its going to 100k before it comes down

>> No.27735359

>>27735102

This. The drop won't be significant like 2018. There will be a drop but not crazy drop.

>> No.27735449

328k in September. Btc dom drops to 54% in feb and then market correction to 20WMA in March. Then super cycle nigger

>> No.27736144

If everyone is afraid, invest

>> No.27736420

>>27735102
This really. Microstrategy has been holding a conference yesterday and today to teach businesses how to do the needful accounting compliance to hodl BTC in their treasuries. There are thousands of people on the virtual conference session.

NYDIG says they've gotten over a hundred calls from businesses looking at putting in $50,000,000 or more into BTC. Not shillcoins, not scamcoins, not your "alt season" shitcoins, just BTC.

It's going to go up for a while. I doubt we'll get the sort of blowoff top that we saw in 2017, that was from all the shitcoin shilling, and most of those people learned that shitcoins are scams. This time, the DeFi scams are a tiny fraction as large as they were in 2017. Last number I saw was $20B in DeFi scams, which is 3% of the market cap of Bitcoin; in 2017, the shitcoin scams were over half of the market as all the dumbfucks pumped every scamcoin in sight figuring that since they missed out on BTC they'd make it all on some pajeet-shilled piece of dogshit.

>>27734946
Seriously doubt it. You guys keep thinking it's nothing but a bubble. This time corporate adoption and mass retail are finally hitting. PayPal is rolling out Bitcoin funding and payments in 1Q21, not just "you can buy custodial Bitcoin on our platform". Visa is getting into it as well.

The 2013 bubble was caused by MtGox's own systems being taken over by a malware trading bot that pumped the price, and MtGox was 70% of global BTC volume at the time.

The 2017 bubble was caused by the shitcoin craze.

The 2020-2021 rise is being caused by real-world adoption. There will be spikes and dips, but it isn't a scam-fueled bubble this time.

>> No.27736423

Down to $15k, slide to $10k min, then moon to $100k.

>> No.27736738

Here is the bull case.
https://www.blockchaincenter.net/bitcoin-rainbow-chart/
https://www.lookintobitcoin.com/charts/rhodl-ratio/
http://charts.woobull.com/bitcoin-nvt-ratio/

>> No.27736794

240k EOY

Cap this.

>> No.27736810
File: 33 KB, 840x470, yellen laughing.jpg [View same] [iqdb] [saucenao] [google]
27736810

>>27736420
The 2020-2021 bubble will be crushed by janet yellen. If you havent figured it out, they dont want us to make money, they NEED us poor and dependent

>> No.27736978

As defi explodes this will go the way of gold, IE stable store of value, but lacking any growth.

>> No.27737006

>>27736810
There's nothing they can do about it.

>> No.27737031

>>27736810
Why won't Covid claim Denocrats

>> No.27737143

>>27736420
Crash to 60k between Nov 2021 and Oct 2022. It is written in the code. Institutions will tell you to hold in 8 months while they dump on you. I can’t wait to 10x my stack in a year while you baghold through a bear market correction.

>> No.27737250

>>27734866
>and 2017 was the last time to make decent money off of it.
You could have done a x5 this year at least you retard.

>> No.27737285

>>27734597
The price of Bitcoin is controlled by a handful of lucky autists who got in ten years ago and own the vast majority of the supply. Nobody knows what it's going to do because no one knows what they're going to do. All you can do is try to walk behind them and pick up their crumbs while not getting stepped on.

>> No.27737363

>>27737006
>There's nothing they can do about it.
are you kidding me? they censored a sitting president. what makes you think BTC is untouchable?
if BTC remains, it will be for the sole purpose of collecting taxes. eventually CBDC will result in it getting banned like in india

>> No.27737399
File: 89 KB, 1752x651, just-as-planned.png [View same] [iqdb] [saucenao] [google]
27737399

>>27734597
price is less relevant than when do you sell.
it's 400 days from now roughly.

>> No.27737410

>>27736420
>Visa is getting into it as well.
Visa would already be in if their Plaid acquisition wouldn't have been challenged by the DoJ. Antitrust lol I wonder what they meant by that.

>> No.27737557

>>27737285
sounds like a pretty fair system
fiats are printed out of thin air so the central banks can literally print 2T out of thin air and buy all the assets they want with it