/biz/ - Business & Finance

Sounds like a whole lot of denial to me.

you mean we aren't at bear trap?

Actually we're still in TAKE OFF. LETS GOOO

literal denial lmao

>>29511102
my chart is aging well

also, bonus points for unironically dropping new paradigm

>>29511102
Can you fucking retards fuck off with this shit already

$SQ just bought 170 million in BTC
we are going up boys

>>29511378
The only one in denial here, is you.

this could be wishful thinking, but anyone who was here in 2017 knows there were some brutal corrections during that run where many people thought it was the end

>>29511469
SQ's share price is tanking right now in afterhours due to lackluster earnings.

>>29511163
>>29511378
>>29511457
>>29511465
This shit is like absolute clockwork. On July 16, 2017 we reached a similar retracement of 25-30% from previous ATH. /Biz/ never changes.
>>>/biz/?search_op=all&search_int=dontcare&search_ord=new&search_del=dontcare&offset=0&search_dateto=2017-07-16&ghost=yes&search_res=op&task=search2&search_datefrom=2017-07-15&search_capcode=all

>>29511102
Fixed it for (you).

>>29511767
Who cares? Prices equivalent to the market cap in 2017 has already been sold off in this sell of.
Percent means literally nothing.

we're still in the stealth phase, smart money e.g. /biz/ is investing right now

>>29511163
>>29511378
>>29511457
I can't wait for the bear run to actually start so all you bullrun spoonfed newniggers stop thinking you're smart or have any clue
You're not smart cause you made a mere 2x during a bullrun, you're a dunning kruger faggot

>>29511102
Funny, I was just thinking this post sounds like denial. Which way to the 10k waiting room?

>>29511102
we are still here

threads like this are why "denial" is a word on that graph

>>29511424
>linear chart
worst quality bait

I don't give a fuck anymore to say the truth because you faggots don't control the price here, but the op is absolutely right. You idiots have the delusion it will go to 30 or lower when all the fundamentals show it was only short-term temporary (we're talking about DAYS max) and on top of that it has been clearly holding like a mule for HALF A DAY while the volatility was extreme so good luck with your "30k btc" faggots.

>>29512194
>implying logs aren't cope

sorry but a trillion dollar speculative asset doesn't behave the same when its only a 100 million dollar speculative asset.
14 years does not a stable currency make zoomy

WE WUZ HERE 'N SHIEET

>>29511163
>>29511378
>>29511465
Idiots who have never been to a rodeo. Zoom out, say it with me.... Logarithmic. I said the same comments in 2016,2017 on the forums. Guess what? I am doing it again!

>>29512044
>>29512092
>>29512302
Absolute idiocy. If not bait, you all are about to miss the run-up of your lives.

>>29513773
I trade options. BTC isn't very impressive to me. Have fun with your death cult

>>29513773
its over dude. look around you. 9 out of ten people on this board think that there is some kind of magical epic bull run on the way. You think that is a good sign? Realize this for what it is then take your profits and run.

>>29512012
What if I made 16x during the bull run does that make me smart

>>29514201
Do you remember 2013/2014? 2016/2017? 2021/ not this time? Why? Because of 4chan? Dude, STFU!

>>29511199
Oh we're deffo in the bear trap.

>>29514798
I swear we’re dealing with gme refugees.

>>29515641
kek

>>29511163
Kys.

>>29512302
>sorry but a trillion dollar speculative asset doesn't behave the same when its only a 100 million dollar speculative asset.
>NEW PARADIGM
You fucking idiots aren't even following your own meme chart at this point.

>>29516945
What?

>>29517251
>its different this time
>new paradigm

>>29517396
Just whose side do you think I'm taking here?

Get out while you can

>>29517759
>he fucking erased his earlier circle just to make a new one

>>29517251
>>29517546
buttcorn $0 EOD bulltard

>>29511767
based and historypilled

this shit is unironically going to 300k with that kind of correction

>>29517759

LMAO that erased circle, you fucking ape, cya at 100k$ check mate bitch.

>>29511199
we're actually in the stealth phase

>>29511102
>we are here
>after bitcoin lost at least 15% of value
>just buy my bags goys, it will only go up

I think this chart is fuckin stupid and whoever made it is still rotting on the noose because no one loved them enough to do a wellness check

>>29513880
>trader
Yeah feel free to fuck off from all crypto threads forever, it's not like we have a shortage of crypto traders

>>29511199

Bull trap you stupid fuck

>>29521207
>midwit
ngmi

>>29521034
>he just hodls
>no active management
wow.
really weird vibe.
like jane goodall amongst the apes rn
wild

Still don't know why and how people are comparing this to 2017. Get out from under your rock and realise that crypto has grown and evolved in the last 3 years

>he already sold

>>29521890
>crypto has grown in the last three years
so crypto is a lot like your wife's midsection?

Cope harder, bagholder. Your whole post was a word salad for “Return to Normal”

>>29520737
Fucking based lmfao

>>29511102
Wrong.
>>29519683

>>29521406

Put the charts side by side. Regardless of the outcome if the bubble chart is any indication of where we currently are it is most likely "bull trap".

>>29512012
>>29511767
faggots like you are why I held through 2018. if you aren't a newfag you are rolling in fucking profits so take some. we will probable retrace to mid 50k for the return to normal and then shit the bed for two years. buckle up faggots

>>29511102
if i put 3k into BTC tomorrow would you be willing to cover my losses if it crashes further?

>>29521890
>evolved in the last 3 years
instead of cryptopia we now have 5000 different shit exchanges

>>29511163
this

>>29523095
Bear trap already happened.

Go ahead hold the bags. OP clearly still holds gme.

Nocoiners are worse than bobos in this thread.

>>29523452
You know what is worse than a "nocoiner" zoomer virgin that contemplates faggot acts on a daily basis?

>no guns
>no ammo
>no training
>no experience
>no long term storable foods
>no PMs
>no trauma training
>no trauma supplies

Ngmi if shit really pops off.

>>29523659
I already live on a farm you faggot. Do you really think your country is that fucked that you have gone full prep schizo? I want to make it so I can live comfortably until whatever the fuck purgatory comes. I don't care.

>>29512490
Dude BTC has already had a parabolic run this bull rally. It's reasonable for people to start thinking about a potential dump now

>>29512490
>I was telling people not to sell btc when it was parabolic back in 2016
didn't even catch this but it wasn't even parabolic back then you fucking newfag lmao

>>29523832
Abre Los ojos.
Learn your history.
All great civilizations collapse eventually and we have taken this relative peace and prosperity for granted. No one is kind anymore; all that remains is greed and narcissism. You are living in tribulation.

>>29523844
This would be the weakest bullrun in history. In an infinite QE, zero intrest rate envrioment, with CEOs fomoing in because they have a hunch that MMT might be bullshit. Yeah okay, 2+2=fish I guess. If the bullrun is AT LEAST as strong as 2017, it should put us right at 300k as ATH before the crash.

Here is my thesis: There will be no crash as long as intrest rates a low, they are propping up the entire market. Not just BTC, but also stocks. Intrest rates won't rise untill covid is over.

Covid over => fed raises rates => all markets crash

Btc top between 100k and 500k some time this year. Screenshot this.

>>29524181
The weakest bullrun history? Are you fucking high?

>>29524181
BTC will 100% crash. It has nothing to do with QE, interest, etc. I think those factors can influence and accelerate a rise, but the crash is always caused by miner capitulation when it is no longer profitable to keep operations up. This time will be no different.

>>29524181
1) I keep saying this but no one fucking listens, we are in a DEFLATIONARY CRISIS. inflation comes LATER, when the crises ends and the money supply remains high. since we are still grappling with deflation, printing money != rampant inflation and so cannot guarantee btc a high price
2) the original bullruns were bigger because they needed a lower amount of capital to raise the mc, duh
3) you are literally calling for a new paradigm
moonboys everywhere
a shoeshine boy telling me to hodl
fuck yourself

No, we are actually in denial you brainlet. You wouldn't know because, yes, you are in clear denial that this run is over and cannot believe you didnt make it yet. Hats off to the ones that traded this properly, but every market is headed into goblin town for a while. "S-SIR" hopefully this cleanses the indian filth from this board like it did in 2018.

People lose sight of the big picture so easily..

>>29511102
It's over anon, I'm sorry.

>>29524361
Gotta agree with this anon. The March 2020 covid crash really fucked things up. 58k was between a 19x and 20x from March's 3k.

The sheer amount of non-realized profits from people who were ONLY in bitcoin as of March crash is insane.

Then you factor in all these other fuckers who did 20x, 50x, 100x, 1000x on DeFi degeneracy swappers?

This even has serious possibilities for marking a local max for a significant time period.

Just because the halvening has been hot in the past, doesn't mean it wasn't fucking priced in already.

>>29511102
It's like people forgot what happened in January when we dropped from like 42k to 30k.

>>29524654
interesting how you didn't mark the % of the initial crash after the top

>>29511955
>biz is smart money
holy shit, kill yourself, autist

>>29524738
Not my chart

>>29524737
uhh anon it's literally on the meme chart, that was the bear trap

>>29524361
Percentages, anon. 2017 ATH is 1600% of 2014s ATH. We aren't even at 3x. That's why you use log instead of linear. That's why you mersure percentages intead of nominal values.

>>29524448
I've been watching BTC since 2013, and deflation already happend last march. If we are in deflation, why is the SPX near ATH despite the economy being in the toilet. Why are housing prices up in major cities despite home office? The QE canceld out the deflation almost one year ago. Fucking retard.

>>29524796
interesting how whoever produced that copium left out the fact that the end of the bullrun was signaled by a smaller crash than the one we saw the last two days, hmmmmmmmmmmm

>>29524438
Or more like miners capitulate because the price is falling despite difficulty increasing.

>>29524843
>deflation already happend last march
the entirety of the financial establishment disagrees but whatever that's denial for you
https://www.bloomberg.com/opinion/articles/2020-10-13/deflationary-trends-are-growing-more-powerful

People forget that the public already bought in. Minimum wage normies were literally investing in BTC through Robinhood weeks ago. There is no one else to buy in. When that happens, just like last time, the bear market starts. People who don't see the writing on the wall are unironically in denial. t. anon who liquidated my crypto days ago.

>>29525013
We are in a k shaped recovery. Markets are bullish as fuck while the entire world is burning. Real estate and stocks are more expensive then ever. HOW DOES THAT EQUAL DEFLARION. Also fuck bloomberg, fuck the financial establishment and fuck your appeal to authority.

>>29514798
DAIMON HANS

>>29525118
>this time it's different
like pottery

>>29525062
You will fomo back in at 300k and then eat a 90% loss, selling the bottom. Bitcoin then reaches 1 Million in 2025 and will rope yourself.

>>29525176
No, IT'S NOT DIFFERENT. MY ENTIRE THESIS IS EXTRAPOLATING THE HISTORICAL TRENDS SINCE 2013, YOU MONGOLOID.

>>29511469
>copying Elon
Cringe

>>29525176
Also basing your ibvestment thesis on a meme chart from some econ class that has been passed arround the BTC community since 2013 is pathetic. That image was my intro into understanding markets. When bitcoin crashed from 250 to 50. kys.

>>29525165
>not seeing crashes as amazing swing trade opportunities at least
>not at least seeing it as opportunity cost
>literally just holding like a low t 60 y/o boomer
>now even selling into cash, then rebuying in somewhat near the bottom (don't even have to time it perfectly, even waiting for just a 33% reduction would increase your returns by 50% in the long run)
Some people don't deserve to be rich, not because they aren't smart or wise, but because they have no balls.

>>29525198

t. Schizo

>>29511102
yeah bro bull run still going on

meanwhile it dumps almost another 1k in the 45 sec it took me to scroll through this thread

lol

>>29525373
t. someone who is up 1000% since late 2018. Fuck you. Stay poor.

>>29525264
bruh you are literally playing denialism with over the biggest deflationary crisis in a century. why do you think we aren't in Weimar Germany inflation right now anon? because at any other point in time, if we printed like this, it would be Weimar time. either it's because the only reason we are printing is to simulate inflation to cope with deflation, or this time it's different lmao

>>29525198
>implying that delusional price target will happen
>implying I won't be making money in other ways for 4 years
>implying that I would kill myself over lost money like a massive pussy
You're cringe, have fun holding those bags all the way down though as you deny the obvious truth.

>>29525332
I'm not even critiquing you based on the meme chart faggot, it's about you not understanding monetary supply economics

>>29525525
why are you using an outdated m1 stock chart
you know it's even worse now right?

>>29525661
lol yes I grabbed the wrong image, strongly supports my claim

>>29525525
That's what I said. Deflation + QE = equilibrium. That being said some people don't trust MMT and prepare for inflation. Inflation probably wont happen, but the fact that people THINK it's going to happen is good enough. Also what is the cantillion effect and tge velocity of money?

>>29525525
>>29525661
Jerome Powell says we are fine.
He doesn't know why but he says we're fine.

But yeah better to listen to internet doomers. That worked soooo well in 2008.

Life goes on.

>>29525771
>Deflation + QE = equilibrium
okay anon, I'm glad we finally solved the global economy, who knew it would be so simple

>>29525771
The real quantitative easing was the friends we made along the way.

>>29525850
lv nick alone

>>29525871
>we accidentally win at economics and nobody knows how
Its a gd miracle .

BTC BROS I DON'T FEEL SO GOOD

>>29525871
Isn't that your claim. That we are in deflation and prices are not falling despite output being dogshit cause were printing money? How is that not what I said? You are a either a nocoiner or you sold the janurary dump. Listen, reality does not matter, markets move on PERCIVED reality and the percived reality is that money printer = bad.

>>29511102
I hope we get to fear before March 19th when my UVXY calls expire.

>>29525013
>>29525118
assets are in inflation mode while consumer goods are in deflation mode

the reasons are simple: cheap loans and bailouts for the rich and corporations to buy more assets with, do stockbuybacks with,etc
meanwhile, the aggregate income of the bottom 60% of adults has only fallen, so the demand for non-luxurious goods and especially non-luxurious services has nosedived.

There is no meaningful trickle down inflation from the rich to the wage slaves.

I'll bet you that expensive new cars sell more now than 2 years ago while cheap new cars sell less.

>>29526098
>meme tokens have nothing to do with inflation
the sooner you realize this the more you will make

meme tokens are rising because people think there will be hyper inflations (there wont)
just like 2008

>>29525871
It is that simple. The reason why contemporary economics is so complicated yet so useless is because they jump through 50 hoops pretending it's not simple, and because they don't want to offend the church of laissez-faire. Or (((laissez-faire))), whatever you want to call it.

>>29526098
the point I was objecting to, that every newfag has been spouting, is that because we printed money, BTC will go up. this is a gradeschool understanding of monetary supply, in particular because we are in a very obvious deflationary crisis. this will undoubtedly lead to inflation in the future, but inflation 5-10 years down the line is NOT an argument for a btc moon. I sold half my stack after the flash crashes on the 21st, I got out at a better position than 90% of this board

>>29526274
That's what I am saying, yes.

>>29526231
That's what I am saying.

>>29511424
Yes and the peak we're seeing today was once the peak we saw in 2017. Todays market collapse is tomorrow's first sell off in the grand scheme of things. Stupid newfag.

>>29526301
No it wont go up because of the money printer. However it WILL go up because people THINK it will go up because of the money printer. BTC is a Self-fulfilling prophecy. Always has been, always will be. Like I said, been here since 2013.

>>29514201
These people keep saying there's blood on the streets and to buy but I only see greed. And as we all know hogs get slaughtered.

>>29526375
nah. 750 billion in market cap is a unrecoverable sentiment.
BTC is gone if you're saying
>this is just like 2017
Whether that means the entire crypto fad ends or another coin takes its place, who can say?

>>29526519
>However it WILL go up because people THINK it will go up because of the money printer
That's the effect of QE on stocks as well, honestly.

>>29526519
I started trading crypto in 2014 so we entered around the same time. retail money has 1) been largely tapped, and b) no longer is in control of the market anyways. besides, most people literally couldn't give a fuck about monetary policy or the economy in general and are more concerned about their next consoomer product rather than hedging against inflation

>>29524843
You do understand that raising the price gets exponentially harder as the price rises, and that the supply of coins is much greater this time, right?

>>29526662
Because with intrest rates in the toilet people why buy ANYTHING in order to malw money. Why buy negative yield bonds when you can yolo it in BTC and TSLA?

>>29526711
No shit, this isn't a retail rally. Now we just have to dump on saylor and musk before they dump on us. Calling the price is the nake of the game.

>>29526738
That's what retail is doing.
Institutions are throwing your stimy dollars overseas during the grand search for yield.

>>29526712
Demand is way higher, a shitload of coins are lost forever, liquid coins are moving from exchanges to cold wallets. Also less miner reward.

>>29526797
>it WILL go up because people [who do not understand the economy] THINK it will go up because of the money printer
>this isn't a retail rally
only one of these things can be true

>>29526547
want some fries with that? admit it you do stocks and idolize that ancient fool. you've read a couple of his quotes and consider yourself smart too.

>>29526797
>this isn't a retail rally.
yes it is.
Well sorta. Its a
>INSTITUTIONS ARE BEHIND THE RALLY GUYSSSSSSSSSSS!!!!
retail rally. Same kind of self-fulfilling prophecy.

Otherwise it wouldn't react to an idiot like Musk.
You can obviously see what Wall Street genuinely thinks of BTC reflected in TSLA's price action the last few days.

>>29526366
With UVXY below $10? Not a Sno-Cone's chance in Hell.

>>29526807
Musk and Saylor are retail now?

>>29526712
Market cap is lower than gold. You are still stuck in the 2010s. Butcoin is out of the kiddie pool now. For a retail driven market, the bubble can't grow much larger. But for a new speculative asset class that goes up 200% a year and has just been accepted by wallstreet? Oh boy, you aint seen nothing yet. If the speculation mania can't be stopped, BTC will crash the entire world economy a decade from now. BTC is rokus basilisk.

>>29527055
>Musk and Saylor are retail now?
I'd definitely call Musk "dumb money".
I don't know enough about Saylor but I doubt he's put anything more than 5% his net worth behind meme money.
Unlike crypto bulls here 5x leveraging their life savings.

>>29524448
When you see crypto all over the news like in your pick and Instagram Normies making skits about it like with what happened with GME that’s when you know to see lol you are either FUDDIng or a new fag.

>>29511102
yes a lot of enthusiasm those past couple of days

>>29511102
We've gone over this same roller coaster several times already. It's hard to tell with BTC where it tops out especially when you have loss of faith in the dollar fueling it.

>>29527487
>When you see crypto all over the news
You do realize the msm has been talking about crypto nonstop for months right? My mom asked me to help her buy BTC ETFs last week and I told her to wait for a correction lmao

>>29512206
BLANKQUOTE
LOL ITS ALMOST BACK TO 49K AGAIN ALREADY

>>29527648
>trapping your mom in a dead cat bounce
heartless
tell her to buy coffee futures.

>>29527648
We are nowhere near GME level of mainstream yet. Even commie subleddits were talking about it at the peak. Held a single share for the lulz. Witnissing that level of volatility with skin in game game was well worth my 300€.

>>29527759
I told her not to buy, what are you on about? the correction just started

>>29527802
I'm saying maybe crypto just goes away like beanie babies?

>>29527785
oh fuck, you uinironically invested in GME and lost money hahahahahhahahahhahahahahahhahahahah
yet another sell signal

>>29525264
COPE

>>29512410
underrated and unbelievably based

>>29527648
Sell then dude why do you care so much about others financial well being?

>>29527876
Unlikely. Crypto is here to stay but albeit more stable in price in the future

>>29528231
Well I for one am a genuine finance nerd and want to see a historic bubble crash in real time and be a part of history.

>>29528231
We are just here to spread the truth and laugh at the cope.

>>29528286
Maybe as digital fiat, but I seriously doubt these meme tokens will go anywhere without some kind of alien invasion uniting Earth into a single governing body with a single monetary policy.

>>29527888
Nigger. One share. My networth is 90k.

the bull run has probably not yet come to an end

https://www.cnbc.com/2021/02/23/square-buys-170-million-worth-of-bitcoin.html

>>29511869
Kek

>>29528415
Legislation my friend; only a matter of time. Say corecoin crashes and the markets go with it; the will blame the speculation of cryptos for the crash. They have a scapegoat and the regulations will follow soon after.

>>29528579
Right, because wall street makes everything more stable.

>>29511102
and don't forget this because meme images are ?ALWAYS right

>>29512012
kek, I've almost x1'd

>>29528354
Oh youre a SV fag? Lmao at your life.

>>29512012
Seething nocoiner

>>29528231
see
>>29526301

>>29511102
this chart gets posted 10 times a day here and we are on every spot on that chart every time it's posted. This is not even TA this is retardation

>>29529114
its unescapable prophecy

>>29527231
Saylor is most definitely dumb money. He has leveraged his company 15:1 and spent everything to buy BTC between 20-40k. He says bitcoin will go up forever because of low interest rates and accidentally revealed on twitter has doesn't know what bonds are or how they work.

I hope /biz/ dumps on him before he dumps on them.