/biz/ - Business & Finance

No, this time we are all going to be billionaires.

>>28578132
Crashed because every normie was putting their life savings in crypto and the whales dumped on them to take profits. Yes, it will likely happen again this year.

March will be a blood bath.

>>28578132
>what are market cycles
yes it will happen again, but not until Q3/Q4

>>28578132
all start with ico

I haven't washed my asshole in a week after taking some massive smelly milk-and-cereal shits throughout, and it stinks something so fucking good right now!!!

>>28579844
digits

>>28578132
You just saw why with GME
24/7 news, people leveraging their house and pumping student loans in, even smart money that sold for profit comes back out of greed

>>28578132
Look it up one wake single handedly dropped the price of btc by 1k and it all crashed

>>28578132
maybe

>>28578132
bitcoin fomo
not happening again it's going to be the other way around

>>28578132
Yes. Cryptocurrency has crashed several times.

>>28581008
>bitcoin will never crash again, everything will simply increase parabolically forever
ah yes, new paradigmposting

>>28580687
march will be a blessing

>>28581520

We literally just had a 30+% correction

>asset prices going down during crazy hyperinflation and 0% interest rates that are locked in for the rest of the decade

Are you retarded?

Crypto is here to stay, all of finance will switch to defi/blockchain tech. Doesn't mean there wont be big price swings in the majors, but over time they will flat out continue to grow. They cant be gamed like fiat or stocks and i think the powers that be still haven't realised this fully. Of course plenty of other projects will go to zero, get hacked, rugpull, people will lose their keys, their wallets. The dangers are more present than banking/stocks for the lazy and dull who will be GME'd every week. The question is what kind of hit will btc eth link take in a market crash? what about the top defi protocols? Will it only take 6 months to recover? will they go up when the real economy goes down?

>>28581731
This. 2021 is a different beast...

>>28581982
with everyone's stimmies going straight into crypto, we may see gigapump where btc hits $100k and most cryptos 10-15x over (i.e link $100+)

Fudders will literally cry when BTC hits 100k by end of the year

>>28578201
I was going to say it's not going to crash again because billionaires who didn't become billionaires buying Bitcoin are now buying Bitcoin.

>>28580603
I think I found the originator of this chart.

Big money moved out in 2017, and back to the stock market. The stock market crash started september 2019, after wich fed started printing.
Big money moved back into crypto.
Meme stock/Cnbc stock market is going great news pulls cattle into stocks.
Big money returns to stocks after crash plays out.
Did i miss anything?

>>28579844
St Valentine Day Massacre

>>28583086
There was no big money in Bitcoin / Crypto in 2017

>>28579844
I keep seeing this. Why is March bad? Bitcoin get a big dip in March? I've never bought bitcoin before. Maybe I should wait until then to buy some.

>>28578132
>no volume on the red candles
Definitely looks like a steep descending triangle...
Did it break up hard after this?

>>28583599
Oh my sweet summer child... If you only seen last year.

Beware the Ides of March got a new meaning

>>28578367
Normies already got burned by GME, they maybe pulling out if they had a position or be a lot more cautious entering crypto now than in 2017. For them it's all a part of the same scam anyways

>>28579844
Czeched

This is what im wondering. Ive made amazing gains so far (mostly due to buying GRT fairly cheap but also been DCAing LINK at average $22). Thing is I want to buy more, but its kind of hard to at these inflated prices, particularly with GRT.

>>28578132
This bull market will not end until the end of Biden's term, I swear to God I see it.
He nominated a pro crypto guy for the SEC

>>28584341
nah man, normies are retards. The GME thing went from making mad gains to "let's fuck the hedgies" in about 2 days. Look at fucking Dogecoin ffs. If they learned and were cautious they wouldn't be maxing credit cards on a gamble

>>28580603
hope your lungs fail you in your sleep

>>28584482
Wtf is up with her face? Is that a deepfake?

>>28584482
source pls

>>28581980
>They cant be gamed like fiat or stocks and i think the powers that be still haven't realised this fully.

LOL. Retarded.

>>28584834
They are retards, can't deny that, but they also get scared easily and sell even at the slightest downward signal on the market. Then again, they also fomo in massively if the dump isn't market wide or long.

>>28584482
Makes my body feel butterflies

fewer ICOs and glitterpump / vaporware this cycle.

there will be a few defi rugpulls though.

>>28583599
March and September are usually bad months for markets. Corona fucked up BTC even worse last March.

>>28585261
just British

>>28578132
yes it's now happenning. i'm sorry bros, we've hit peak delusion, i'm seeing articles claiming that eth will hit $400k by 2030.