/biz/ - Business & Finance

Everyone knows what happened after the last stock market mania

>>27834557
well my returns so far have been -75% so......

yes

>>27834557
We're not quite there yet. Normies haven't even begun to jump on this wave, but their ears are starting to perk up. I knew the crash was coming last time when middle aged philipino women were telling me they pawned their gold to buy bitcoin. I think we have a while longer.
As an aside, I also thing Dogecoin is going to be taken more 'seriously' as a crypto by the masses, and the friendly face will implant itself in their minds and truly become the people's crypto. Expect $50 Doge in ten years.

>>27834820
How did you manage that

>>27834557
There's not much room for a lot of them to go down, when BC drops now, others like AVAX rise because of it, It's not smart to invest in the higher value coins now, anything with its own blockchain that's separate from btc and eth is the investment to make rn.

>>27834557
yeah sell all your crypto and buy Audio R9 right now

>>27834924
listening to tards saying prices can't go down

>>27834557
>Are we heading for another bubble pop (soon)?
With the amount of institutional money in, I don't think we'll have another 2018 bubble pop, although there may be a ~25% haircut.

>>27835008
/biz/ is literally "NEW PARADIGM!!!"'ing rn

>>27835008
This time it's different, the prices can't go down in way it happened during 2018.
We're now stuck in a limbo of perpetual growth.
The moon mission didn't even start, if you sell now, you will regret it when BTC at 200K drags all shitcoins up.
>https://www.blockchaincenter.net/bitcoin-rainbow-chart/

>>27834881
So, you're telling me an unlimited supply coin can reach 50?


Right now there are 128,247,988,881 doge coins. For it to be worth 50 dollars each, there'd have to be 6,412,399,444,050 dollars invested in doge, that's more than 6 trillion dollars you inbred idiot, and that's before the retarded inflation that will come from miners focusing on it since it gives them more profits.

I agree that the market is not going to crash YET, give it a month or two, but you clearly have no fucking idea what you're talking about.

>>27834798
>>27834982
I agree with >>27834881. While this time it does feel a bit different as there is more institutional money pouring in and the corona crisis leaves a lot of (young) people with more disposable money to spend on investments I just feel a bit uncomfortable with the amount of people that are now putting more and more money in and the amount of growth that we experience


>>27834820
Anon, how? Only 3 coins in the top 70 are in the red from last week with avg. returns of about 15%

this indicator isnt completely doom and gloom, maybe there's a *bit* more upside in BTC but literally who knows

>>27834557
Cope & seethe

>>27834557
bubble in crypto
bubble in stocks
bubble in cash
have fun eating ze bugz

>>27835600
>>27835542
I'm not a nocoiner. I'm happy that my portfolio is growing with a good amount, but this just feels December 2017. What do you think?

>>27835320
People are gonna sell all their gold to buy DOGE. You'll see.

What will happen to crypto during a real, unmitigated crash of the rest of the economy?

>>27834877
this graph would indicate that we still have another couple months of bull run left

>>27835823
im all in guns, ammo, cash, pm and utilities
dont ask me :)

>>27834881
dogecoin is a shitty abandoned coin that does nothing better than any other crypto. It's not the people's crypto and never will be. It's a shitty meme coin.

>>27835987
meh the ones that adjust for inflation scream problems

>>27836116
Doge, according to CNN, is a "Bitcoin rival."

>>27835008
What on Earth did you buy?

>>27836241
>no one knows Ravencoin
aaaaaa why do I mine this POS

>>27835320
the infinite inflation does get infinitely smaller as a set amount of doge is created per year. perhaps it's a long play? fiat also has unlimited supply, doge kind of fits in between a low cap coin and a fiat style infinite supply

>>27836367
so the downsides of fiat with the inconvenience of a crypto. and this is a plus to you?

On one hand, I'm surprised at how much shit is mooning right now and feel like a crash has to be coming soon. On the other hand, the Fed is printing infinite money and I can't help but think that crypto can only benefit as this continues to go on. What's the right hand to play?

>>27836554
suppose crypto was integrated better into everyday transactions, would doge not be a suitable everyday currency?

>>27836133
this graph also would indicate that the bull run has at least a few months left to go. Notice how each large peak is bigger than the last. We're not even at the same levels as in 2000 yet, and the data would suggest that we'd go higher than that before we crash anyways

>>27836554
>>27836363
You have to understand that people are dumb and greedy. Most of the people who are jumping in right now are stoned all of the time, horny, busy, whatever. They're not going to read up about which crypto forks from what, they're not going to learn how it works, they're just going to throw money at shit and as long as they do it will go up. If they see it go up, they'll keep throwing money at it. Simple as. If doge does a 2x or something after the first round of hype, people are going to start buying more and more until it pops. Same with all of it. It's all only as valuable as the money being put into it. Dogecoin is the people's coin because the people are unwashed masses trading in silliness.

>>27836766
im sorry did i miss the memo where god said the stock market will do the exact same thing it did in 2000?

>>27836554
Yes.

>>27836764
It wouldn't be better suited than most other cryptos, no. There's nothing particularly good or special about doge. It has been abandoned by its devs and is outdated, and there's no evidence that it can handle mass transactions. It's basically shittier bitcoin that brings nothing to the table in comparison.

>>27835823
>I'm not a nocoiner. I'm happy that my portfolio is growing with a good amount, but this just feels December 2017. What do you think?
I feel it to. I was on the verge of getting out and waiting. I'll give it 48 hours but its close and it will be a vertical drop this time as many bank

>>27836725
I think it's safe to put a bit more in. There is another stimulus package on its way. Most people in the world will still be stuck in a lockdown, so disposable money will be spent more on crypto and stocks. I was waiting for a huge eth correction so I could put more in, but I don't think one is coming, unless the CME futures make ETH crash.
I was thinking about it as well, but I think the market sentiment is still great and we will have at least a month before my alarm bells go in overdrive.

>>27836999
doge is bullshit. The fact we are even talking about it here means we have neared peak definition of shit coin with open supply and no utility or use

>>27834557
keep shitting in your pants while we make money, op

>>27834557
it will crash when the world recovers and people are allowed to go out and spend their money on stupid shit again
so never

>>27836764
no absolutely not. Its an ancient forked version of bitcoin with no active devs as >>27836999 (checked) said. Once it starts scaling in size, it will suffer the same scaling problems bitcoin currently has, where you'll be waiting 30+ min to confirm a transaction. It also has none of the upside that btc has (scaling mining difficulty, and a max supply); there will be 10k doge mined per minute whether its $0.0000001, $0.05 or $1, this creates an incredible amount of selling pressure as the price rises, which obviously is not ideal

>>27834557
yeh feels like 2017, though it feels more like september/october. there is still enough steam to push it further.
never forget to take some profits

>>27837344
>people are allowed to go out and spend their money on stupid shit
GameStop Corp.

https://www.lookintobitcoin.com/charts/rhodl-ratio/

No.

>>27837217
Name one utility of any crypto. The only reason any of them have any value is because people put money into them.

>>27837520
wrong. get off this board

>>27837520
ADA solves this problem, buy ADA.

>>27837393
thanks for the explanation, I think I understand now.
>>27836999

>>27834881
Agreed. I'm in between "it does feel toppish" and "this time is different". The former is just mostly have something to do with 2017 PTSD, but the latter because this time, there's a lot of other players coming + the economy getting memer and memer everyday (look at the charts, peaks get blown up like nobody cares about resistance anymore). It just feels weird this time, I don't know when to react and what to look for top indicator. Celebrities and retails are here even before to btc $20k break. How is that not the top? I even shorted there and got rekt.

>>27837570
How is that wrong? Enlighten me, what benefit does crypto provide to a normal person over just using a credit card?

>>27837145
See >>27837163
I think we will have a while, if you really do want to cash out wait for bitcoin to test ATH again

>>27837341
see >>27835823

>>27837344
All memes and schizo things aside, I think (for my country at least), we will have vaccinated 70% by Q4. I'm not sure we will have continued growth until then though.
>>27837401
Of course, taking profit is important. The mania is really starting its gear though. I just curious when the end is. Obviously my spidey senses got really alert when all kinds of news articles popped up about bitcoin, and other cryptocurrencies but by now most people know about cryptocurrencies already, so it's difficult to judge where exactly we are.

>>27837520
smartcontracts, oracles, blockchain applications have the capacity to replace the entire derivative market, insurance market, much of contract law, supply chain management, logistics, finance and you are a fucking brainlet pumping doge because you are new stupid canacer. Fuck off and buy gme with the brainlets

>>27837834
I agree but the wise feel it and its a couple of months at most. This is near top.

>>27837834
>Of course, taking profit is important. The mania is really starting its gear though. I just curious when the end is. Obviously my spidey senses got really alert when all kinds of news articles popped up about bitcoin, and other cryptocurrencies but by now most people know about cryptocurrencies already, so it's difficult to judge where exactly we are.
Shit, I'm multitasking and I'm a dumb ESL so my post looks retarded
What I meant to say was:
Of course, taking profit is important. The mania is really starting its gear though. I'm just curious where the end is. Obviously my spidey senses got really alerted when all kinds of news articles popped up about bitcoin in 2017, but by now most people already know about cryptocurrencies , so it's difficult to judge where exactly we are.

>>27835942
that would trigger a liquidation event causing bitcoin to go down with it.

>>27837951
Yup agreed. When are you planning on cashing out?

>>27838072
>Yup agreed. When are you planning on cashing out?
Going on my instincts and just watching like a hawk, when it all starts going red at once its time to go. I won;t catch the absolute top, that's just chance. Its getting out while the 50-60% fall happens I care about

>bought eth in early may
>scared that the crash will happen before this may because I want to wait to cash out and have it treated as capital gains

>>27838300
>>scared that the crash will happen before this may because I want to wait to cash out and have it treated as capital gains
Fuck the government.

>>27837793
>muh currency
GET OFF THIS BOARD IF YOU STILL THINK CRYPTO IS FOR CURRENCY AND NOT SMART CONTRACTS

>>27838553
I will do no other earnings this year and try and stick it in pensions etc to get additional tax write offs. Its all you can do.

>>27838615
He's a retard who thinks doge is going to fifty bucks. Ignore it its noise but yeah I agree..see
>>27837858
>smartcontracts, oracles, blockchain applications have the capacity to replace the entire derivative market, insurance market, much of contract law, supply chain management, logistics, finance and you are a fucking brainlet pumping doge because you are new stupid canacer. Fuck off and buy gme with the brainlets
while there are some oldfag linkies and eth heads here who are not brainlets what are your thoughts on hedera-hashgraph-hbar? Not shilling just want opinion consoidering taking a position for the next havening

>>27838615
Smart contracts are a feature of the currency, no? They won't execute unless it's being traded. Crypto still only has the cash value people agree upon by putting money into it.

>>27835320
I dont understand this argument when more than likely you yourself use fiat...

>>27838912
Never touch a coin with unlimited supply

>>27835369
>Only 3 coins in the top 70 are in the red from last week with avg. returns of about 15%
as someone who has very little idea about crypto: how hard is it to liquidate your assets?

>>27839237

>>27838297
Smart. I was thinking about this as well.
>>27839416
Pretty easy. It depends where you are purchasing your crypto, but on CEX (centralized exchanges like binance) it's pretty easy to switch your crypto to USD/EUR and cash out

>>27839533
Which is why I lot a lot of everything, crypto, dividend stocks, gold, silver, art;land, property, antiques, but try and minimise holding cash

both stock market and crypto will fall 10%-20% by the end of april

>>27839905
god i hope so i have cash i wanna but the dip so hard boys

>>27839905
Not the stock market but the fangs, tsla etc yes

>>27839591
If it really is the golden bull run we have more weeks were everything goes +20% each day, I'd say we're in the middle atm

>>27840102
nah, the whole market; we're mirroring 2009 super hard right now

>>27838912
That's because you keep projecting and straw manning anon. I use fiat as an exchange intermediary, in no way I use it as a way to store wealth on the long term. Besides there's a difference between a somewhat stable country and fucking doge.

>>27840187
The bubble is concentrated in fangs tsla etc, the majors are all still 1/3rd off their hights. There will be a crash in the fangs and tsla and that's a mega bubble of crap so is fb, twitter etc but It won;t be accross the market because there is not a broad market bubble. The bubble is concentrated in a bunch of mostly shitty stawks fangs, twit, tsla etc

>>27834557
Odds on me finding a girl like this? I’m a 32 yo 5/10 balding financially stable average cocked white dude

>>27840517
Thank you for saving me typing

>>27840641
Fuck off. Asian wives are out of fashion

What is /biz/ even like in a bear market?

>>27841360
zoom zoom how new

>>27841360
pink

I want a tremendous crash to shake out the weakhands, swingies and WSB fags, I want to buy $25 XMR, $100 ETH and $3500 BTC again. Give me $10 silver and $900 gold.

I want a 2 year Precambrian ducking extinction event in the markets, because I didn’t buy enough last time. Yeah I had years, no they weren’t long enough.

>>27841360
Very slow, majority of the threads don't get even 10 replies.

>>27836133
P/E ratios make no sense. If AAPL ever became fair value regulators would break it up

My XMR hasn't mooned at all

>>27842319
are you saying AAPLs pe ratio is high and it doesn't make sense? in which case I agree, and a lot of other tech stocks, and stocks generally.

if you're saying P/E ratios are no longer a valid measure of the value of a business, ill not waste time explaining why that's retarded

>>27836766

>>27834557
Yes anon this car bubble must surely pop soon, invest in horses. This can't go on forever

we are like a month away from the top euphoria

>>27834557
Yes, it's inevitable. But the bull market might continue for a while. Make sure you're out of alts before it turns bearish or you'll be assraped.

>>27842915
ya it would be better to HODDDDL bags

>>27842520
I'm saying the former, but I could play devil's advocate for the later if we were to measure value as the max return for the minimum risk.

>>27842935
yeah i'm thinking weeks not months. that $1400 stimmy is going to keep things pumping for a bit.

>>27834557
Crypto is booming since everyone is pulling out of the stock market.
Unfortunately bubbles pop when new money stops coming in, which is now the entire stock market since retail level lost all trust in it, and they will drag everything down with them and their retarded gambles again.

>>27843065
I imagine bitcoin and ethereum will still get raped as well.

>>27844807
Yes, but they're more likely to recover than other coins, even than those with >muh fundamentals.
People can just look at old cycles to get an idea of what happens. The relative pullbacks are likely going to be of similar magnitude if we continue going up parabolically throughout the year.