/biz/ - Business & Finance

bearish

>>29726594
The CCP needs BTC to pump so I'm not worried.

Because America financial institutions have never made a single bad decision r-right?

42k will likely come but oh no it’s back to prices it was at a month ago, it’s ogre

>>29726695
It wasn't a bad decision the credit agencies fucked everything up.

>>29726594
Cope.

>>29726726
What about the underwriters of pets.com?

>>29726721
this
i still think we'll see another re-test of 50k before 42k too

>>29726594
cope lmao

>>29726852
yeah, or a scare through down 38-40k, but I equally wouldn’t be surprised if this is the bottom like it was back when we were teetering at 36-37k and people had their 20k predictions ready

>>29726594
Teather go BRR

>>29726594
The fatal segwit flaw in full action retard. It's impossible to be bullish henceforth.

>>29726594
You realize crypto isn't going down because it's a bubble right? Our entire american economy is literally on the brink of collapse. This is not 2018, it's fucking April 2007, but this time Biden has made sure we have nothing to save us.

The only solution is to wait for the fucking government to bail us all out again. Don't you see? If the government bails us out again, the government could double the national debt. The dollar would be worth half it's current value. Plus, none of the institutions will be able to pay the money back for many years, so the government will basically own most major business. They'll be able to charge as much in taxes as they want. Socialism is coming to america, and Biden is going to take the economy by force.

It does not matter, one single little tiny bit, that institutional investors are buying BTC for 3k over spot.

>>29727106
I'm gonna be fine.

>>29727106
America is just now exiting the Trump-made corona recession. Your chink coins aren't going to save you. You are going to have to get a job and reproduce (with a non-asian woman.) Just accept it.

>>29726594
Really hoping they decide to hide hyperinflation in crypto like they hide it in housing education and medical

>>29727106
Dingdingding, the pleb says everything is overvalued, the smart man / whale with mid-long term thinking knows that even a fkn Pokémon card at today’s prices is a much better store of value then having cash in a savings account. Everything is going up much higher, real estate, stocks, crypto

>>29727106
>double the national debt
>dollar would be worth half

someone missed econ101

>>29726965
That's exactly what it feels like. I remember being so mad I "bought the top" and now the price "dumps" and I'm still in profit by a healthy margin.

>>29727106
Yea unless you make millions in the next few months, you will join the 90% of americans that will have their purchasing power evaporate this year and become completely dependent on government handouts. No one has any clue what the real value of a dollar is anymore, and no one can figure out what inflation has probably been over the past year.

The real estate and stock markets appear to be climbing in USD because the value of a USD is collapsing and everyone is in denial. And of course the wagies are happily distracted. There is no escape and only the ultra-rich are protected from what's coming.

>>29727568
There's gonna be deflation and it will be hilarious.

The people holding cash will win because cash is the least crowded market right now.

>>29727690
They have proved in the last year that they will make however much new cash they need or feel like to keep the status quo. Deflation can't be allowed to happen because debt becomes more valuable. And god forbid anyone has to pay back their loans at the real value or more than they lent it for.

>>29727106
>economy collapses 2 months after 4 year Trump Administration
>"it's Biden's fault!"

I want /pol/ to leave

>>29726594
B...BIT C...COIN SAMA I KNEEL!

>>29727568

I’m feeling so hopeless in holding 130k in cash.

>>29728880
Your purchasing power is declining by the day.

>>29726594
When you see all the "good" news and "bullish" statements, you can be certain it's gonna dump pretty soon.
Where were all those institutions when BTC was 32k just a few weeks ago? Or even 20k?
They want you to keep buying the top with "good" news like this one so when they dump it, you (once again) sell the bottom like a retard (and the fud and most bearish news are out and about)

>>29728936
Nice mental gymnastics. Have fun buying back in at a loss.

>>29728880
Just dump that into bitcoin

>>29728754
>Trump Administration

Oxymoron

Dude checked out sometime in April didn't he? I think its wild the period we live in where the world's primary hegemony can lack a central government for like 7-8 months and no major wars would break out.

Kinda amazing when you think about it.

Sell signal overload
I sold at 57k and moved it all into apollo. This was too obvious.

>>29729755
>I sold my Webus stock for some Pets.com stock

Ah I love you /biz/

>>29728754
Yeah because 1.9 trillion injected into the market won't make people speculate on bond prices and push yield.
just go fuck off already

>>29729978
Didn't trump want like 8 trillion or somethign silly like that?

Idk why they can't just do a 1.9 trillion infrastructure package and get low skilled wagies back to work.
Probably optics, no courage. That's the works part about Dems.

>>29727106
actually it is 2010, the financial collapse is a year behind us and we are about to go on a decade long bull run.

>>29726594
tutes are bearish for crypto. i knew this before i started buying. go buy pay pal and visa faggot.

>>>>29728936
Why would people think institutions buy on coinbase?
They trade /BTC futures through the CME group. Paper BTC is nearly half of total actual crypto volume, even more on contract rolling days.
https://www.bitcointradevolume.com/

>>29730379
Who cares, really?

>>29728866
you take those digits back RIGHT NOW you alien monkeynigger
I don’t ever want to see you around here again, get the fuck out and never come back