/biz/ - Business & Finance

it's literally end of december 2017
the dump will last till friday down to 30k
we will then have week end recovery (bull trap)
and keep slowly bleeding for a year or more

>>29400205
Can someone explain to a brainlet why every coin dumped at exactly 9:15am?

>>29400409
With the fiat currencies in deep shit over the printing of money and inevitable inflation I don't think we're going to see a bear run that lasts years this time around.

>>29400205
Sell all of them or go back into BTC - NOW

>>29400577
Everything follows bitcoin

They are not going to let us win. So probably a slow bleed.

>>29400577
Chinks

>>29400409
Why do you enjoy being an asshole?

>>29400660
you fucking retards don't even understand economics. the reason we are printing money is because of a deflationary crisis, not inflationary. will it lead to inflation in the long run? of course. but at the moment we are not seeing rampant inflation. unless it kicks in immediately it won't save btc from bleed

>>29400205
BTC dumps to $45k. Maybe down to $40k. Alt coins go badly today, but many will restore by Wednesday. btc will do a crab walk of shame for a week or even a month, then go above $50k again.

>>29400205
this is the bear trap
one more fake out dump and then we blast off to 62k before the real correction to 42k next week
youre welcome

All of our finances will be in complete ruin

>>29400409
That's what I thought too, but honestly, I'm not so sure it's gonna play out like that anymore. I don't think btc to 100k by eoy is just a meme. Do you really think all the new big investors, financial institutions etc. are all gonna fud?

>>29400205
just a hiccup, btc will start heading back up again until it collapses for real around $105k. At that point expect a correction to about $40k and a multi years' long bear market.

>>29400577
In short. Money left crypto market in huge amounts. Thus making crypto market worth less and that is how almost all coins dropped. The ones of value dropped little and shitcoins and scams down to nothing.

>>29400990
This sounds more like what I'm thinking too.

>kraken shits the bed
>all the bots across all other exchanges just follow the flash crash and dump
Imagine paying for software that actively makes you poorer.

>>29400205
Retest of the 38-42 area or new ath. Former looks more likely atm.

>>29400999
This and checked

>>29401138
All the bots are starting to get really fucking annoying.

>>29400999
We're going at least to 150k. 200k is just slightly positive.

>>29401333
Checked again holy fyck

>>29400970
I really hope it does that. This shit has been pumping like crazy for quite a while now. It needs to rest for at least a week or two or we won't see $100k btc

>>29400970
This sounds the most realistic, I think it's going to be a good while before bitcoin fully recovers from this, meanwhile alts will recover
>>29400999
Check'd
>Do you really think all the new big investors, financial institutions etc. are all gonna fud?
Why wouldn't they? They have done plenty in the past, of course they're going to fud with the power they have for some cheapies

>>try to short sell this
fucking idiot, don’t spam on /biz/ with this shitty trashtools u idiot
trading with best analytics and different bots is on Bot Ocean now
but still you can find a fucker who will buy your fuckbot

>>29400990
This. We have one more extension left, this is absolutely not a blow off top.

>>29401207
Bots are my friend though but I dont know them though. I have spare $ in various coins each week I think they will go after. I wait for them to pump, then I see the wall I think it will avoid before they dump so I sneak in a quick $100ish profit while my stable coins do the normal climb.

>>29400409
this is nothing like dec. 2017 anon. nothing. Dec 11th 2017 there was a flash crash from like 17k to 11k and it bounced back in a day and went on to make an all time high.... that first crash was the warning shot. saw the same thing on TSLA last year. we're not even at the warning shot yet though imo. do you even remember what alts did in 2017? how many billion dollar tokens back then? BTC dominance hasn't even trickled down yet.

>>29401489
I do agree with your general sentiment. I just think some institutions have protocol...like if they are projecting 100k+ by eoy, then I'm sure some don't swing it for the sake of their risk-threshold (or something to that effect). Just something to consider, idk how significant it could be though.

>>29400205
Bullrun is not over. BTC has not reached it's ATH for this cycle. Reasons:
a) Timing is too early, historically there is more time after halving until the peak (around 6 months to go)
b) Valuation is too low in almost every metric
c) Almost all other cycle top evaluations are too low as well

The cycle will probably end below previous highs as it already has in 2017, plus now everyone is watching the cycle charts planning to sell just below the top. Nonetheless, 58k is not enough for a new ATH before we enter the next 3 year bear market.

TL;DR: I still hold until at least 80-100k which will happen this year.

>>29401075
>bro the circumstances of every cycle are the same bro i’m telling you, it was a long bear market last time so it will be the same this time dude. are you listening to me man?

>>29402222
Can't argue with those digits. I'm out.

>>29401760
when btc dumped from 42k to 30k the thing that pumped it back up was the news about elon/tesla buying otherwise we would have seen 20k
elon isn't a drug addict retard like saylor he will dump his bag if he already didn't and move on, the price fluctuation will dissuade any reasonable investor

>>29400660
check out the dxy the dollar is already recovering way faster than in 2018, but of course you have no idea

IT'S NOT THE TOP YET

https://www.lookintobitcoin.com/charts/pi-cycle-top-indicator/

but seriously, my friend at work said today that he bought 5 GPUs to mine ETH

>>29401959
Not necessarily swinging, but buying more. It's easier for them to spread fud through the media, or to get some large notable names to spread fud for them so they can accumulate more at a cheaper price, but who knows honestly.

>>29402222
>btc will pump because it always has
>oh it had bear seasons in the past
>well but don't you know that past performance is not indicative of future results

>>29400205
Recovery to a new correction

>>29400409
You mean May of 2017, right?

>>29400205
start of the correction that should've happened 3 weeks ago

>>29400577
we follow the stock market now. boomers are scared of muh yield curve meme

surely this isn't the end, only now we're starting to see actual usage of these technologies
2017-2018 was all about crowdfunding scammy ICOs

>>29400990
>being this delusional

This is a much needed and obvious 30% correction. I sold half of everything except my Eth because it’s in a vault and im too lazy.
The giveaway was NFT shit, Binance Chain, the NUPL chart, and so many assholes on here saying they hate decentralization and are here to “get rich.”

>>29403594
nobody is using crypto for it's tech retard
it's all a pump & dump

>>29403869
DeFi is all a scam then?

>>29403995
lmao

>>29403869
Shut the fuck up kike

>>29404153
great argument

>>29403869
He has a point. If people really gave a fuck about tech they'd be choosing better alternatives to garbage like Eth instead of continuing to support it lol.

>>29404243
dude are you serious?
defi is nothing more than gambling, there is no real world utility or demand for it

>DEFI!

The collapse of the dollar and the greatest transfer of wealth in human history. You are already in it.

>>29404343
it's not really defi's fault that everyone is just taking loans to gamble

>>29400205
I'm prepared for more movement down to further shake out weak hands. I've been waiting for bitcoin to drop down to the 20 week MA since January. I'm not capitulating right now, not even my alts. I am only buying the dip with some of the funds I DCA'd out.

>>29404338
No he doesnt and you just outed yourself as a moron. ZK and O Rollups are already here.

>>29402865
i’m not really sure what you’re trying to say fren

>>29404508
nobody actually needs it irl

>>29404815
You’re just baiting because you want to be spoonfed. Congratulations on migrating here from “stonks” with your voodoo charts and shit, you won’t last outside a bull unless you are able to understand the tech and the teams. I suggest you stop baiting, stop drawing lines on charts like a kindergartner and start learning about software development.

>>29401109
>The ones of value dropped little and shitcoins and scams down to nothing.
notice how stable DOGE remained?
Jussayin

>>29405195
there is zero demand among normies to borrow money using crypto
>oh you need to borrow some cash to start a business?
>well sir why don't you buy this extremely volatile internet currency for the exact ammount of cash that you need and don't have so that then we can give you back some tokens which are supposedly backed by the dollar
>what do you mean that if you already had that money you wouldn't need to borrow it?

thanks for the dip. just loaded up on GRT. IYKYK im going to make it

>>29400205
feb 24 is when SHTF right now it is just uncertainty. I would go long on gold, silver, guns and food

>>29405707
why feb 24?

I’ve looked at this meme graph for every single coin and they all follow it. All of them. We’re in the “return to normal phase” after pumping like crazy to 50K for literally no reason I seriously think Bitcoin is dead now. There won’t even be an alt season cuz we already had it. We had a good bullrun but I’m afraid we’re in a for long and cold bear winter. Each “dip” will get bigger than the last.

Convert your shit to stable coins right tf now and then wait to buy back in in December. I’m warning you guys

>>29400205
Everything recovers, link keeps dumping

>>29400205
i literally invested into a shit pajeet coin and it's up by 19% while everything else is in the fucking red

>>29405565
You don't HAVE to borrow volatile currencies. People who borrow volatile currencies are doing it so they can margin trade. When the defi space is more established and not subject to oracle attacks such as Compound was this past summer, I would consider taking out such loans myself.

>>29405812
comex delivery

We're not even close to the end of the bull you fucking retards. If BTC doesn't at the very least hit 100k and ETH 5k-10k minimal this year , all of crypto is an utter failure. Whales know this. Miners know this. Institutions know this. Along the way they are going to shake out the little bitches like anons on 4chan but before this bitch sinks into a 3 year bear, we are getting a wild blowoff top that will leave some virgins in serious profit. It was written.

I’m guessing $150k-$200k at the top of the bubble.

This isn’t the end. Only morons who haven’t studied bubbles think this is the end

>>29405986
first time?

>>29405986
many retards paste this graphic since 20k
you waste bytes with your BS analysis

>>29400409
The ATHs were in January. So if you are correctly using the word "literally" then you are mistaken.

>>29407079
>>29407153
The thing is, people always say shit like “first time hah” and “things are different” and then shit crashes. We’re already at the stage where idiots think the price will never stop rising so We’re due for a fat crash back to 10K and it’s happening before the summer time. If you unironically are buying Bitcoin at 50 fucking thousand dollars, you will be raped.

healthy correction. if monkey slowly get more banana over time, monkey can eat banana and get more. if monkey get too much banana all at once, monkey will lose banana because some go bad

>>29400205
>SERIOUS THREAS PLIS GUYS DON'T MAKE FUN OF ME I'M TOTALLY NOT A NEWFAG
>proceeds to post frog picture

>>29400205
You faggots live In the past the normalization began.
China building a crypto wall slavs are too lazy to inovaite, burgers goin apeshit,
The world vomit back from coronavirus.
Boomers dying and my generation 80s-90s
Taking over the world market.
It's only the beginning.
Learn from the past mistakes to correct the future.
How retarded are y'all?

>>29400409
only brainlets and paid psyops think the top is not even 3x of the last cycle's ATH

Feels like we haven't gone parabolic yet but there's nothing that says things have to make sense

This literally happened 2 weeks ago. BTC went from 49k to 44k and the whole market tanked. Just by some coins on sale and wait a few days and we'll be back to normal

>>29400205
Uh...see guys AMC going to the moon y'know...we are diamond hand apes y'know...we have to hodl and show wall street y'know that the little guy can fight...AMC diamond hands y'know because we are diamond hand apes