/biz/ - Business & Finance

>>29877673
This is more than a crash, this is a bottom out.

>>29877673
Go ahead, i'm looking to buy more bags cheap

>>29877673

>>29877673
Why would you idiots sell? Like if you are so sure it’s gonna crash that you are willing to sell why don’t you put some short positions instead???

lmao imagine selling now

>>29877880
Because everytime you buy/sell bitcoin its a 50$ transaction fee on coinbase and if it went up that's about all the money I could make before it crashes again.

From the moon, to the floor. Crypto sweat drip from my whore. Skeet Skeet skeet Skeet mother fuckerrrrrs

I hade information the whales who are dumping it are requesting a page full of pink wojaks tomorrow. They want it for their collection of pink wojaks.
They will not stop the dump until their demands are met.

I AM FINANCIALLY RUINED

>>29877794
retard

>switch to 1m chart
OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>>29877960
I sold an hour ago and will buy back lower. The charts never lie

>>29877673
Bitcoin is literally the greatest rugpull of all time

>>29877673
yeah sell your shitcoin and buy a real store of value

>>29877673
pussy

>>29879284
Except for when elon sent a tweet that time and completely obliterated scalpfags

>>29877673
It's almost like this exact thing happens every weekend...if only someone could use this to their advantage somehow...

>>29879387
What is this?

My driving instructor invested in bitcoin, he's a damn good teacher, I swear to God if he killed himself I'll never forgive you guys.

>>29879345
Qrd of bird quicksand desu?

>>29879470
$PEPE
>ANTITHESIS OF THE PINK WOJAK
>DOING A LIL SUMN SUMN 24/7
>PERFECT STORE OF VALUE
>TRANSACTIONS TAKE 0.0000001 ZEPTOSECONDS, ETH KILLER
>RUBIC FAGS WILL SEETHE
>DEV IS WHITE, BLACK, JEW, CHINK, PAJEET, NIGGER (MULTICULTURAL, BASED)
>CHARLES HOSKINSON NOT ON THE TEAM
>DOES A 100X THE DAY BITCOIN DROPS BELOW 45k
>JANNIES WILL BAN YOU IF YOU TALK ABOUT IT

This bull run lasted only a few months. Is crypto really a bubble after all?

>>29880065
Even tulips have a market these days anon

>>29880065
you just got in late, BTC slowly climbed from 3k to 10k, then crabbed for 8 months while alt season happened. Linkies made a fucking fortune. It was at least a year long run

>trying to sell a falling knife
anon, you need to learn to buy low sell high, please

>>29877673
please do the needful!

>>29877673
It's unironically over for this time. Thanks for playing.

>>29880065
March-February = 12 months, one year bull run isn't a few months shlomo

>>29877673
Don't care, never selling until 1m.

Do it already man, this is heading to 35K at least.

Good maybe ill be able to get a fucking video card soon. Fuck you niggers

>>29880695
the hold memes are literally from late 2017 lmao

>>29879910
it looks like a grain mill

>>29879284
>catching falling knives

if i roll digits... btc is done

>>29880825
buying now would be catching a falling knife, selling now is dropping a falling knife you fucking retard

I-It's j-just a dip

>>29880890
>and will buy back lower
so catching falling knives, right retard?

I’m just sitting here laughing at the new fags with my 200k delegated stack. You weren’t here for the link fud. Oldfags like me are laughing at you for not buying the dip. Zoom out retards

>>29881002
only if you buy when it's mid crash which is literally the bullfag strat lmao. wait for it to bottom out in a few months and gently lift the knife off the floor and put it away for the next run

>>29877794
>>29877673
You fools are a God damned plague. Stop posting this emotionally provocative shit. The conditions that spurred this bull run haven't gone anywhere - indeed they have only intensified with the passage of the "rescue" act. Nothing is being rescued, they always name these bills in mockery, anyhow... as the dollar loses value crypto only becomes a stronger proposition, as we have known. The only question is, how long til the fed issues it's niggercattle coin and tries to pollute our space even further.

I was going to sell just so I could at least pay some credit cards off but meh I’ll let it ride, I’m still up by a lot, it also seems to be stabilized already

>>29881393
>as the dollar loses value crypto only becomes a stronger proposition
inflation has been on the decline for a while now anon, when do you think this whole value degradation is going to kick off? or are you just assuming BTC is going to keep up with 2%???

>>29881393
>graphs like this are completely normal
Anon, this is the end. The bubble is bursting. This graph is from last week alone.

>>29877880
if you are so sure it’s gonna pump why don’t you put your life savings or get a loan???

>>29877673
you little pussies need to get a grip on your emotions

>>29881570

>mcdonalds coin

>>29881525
They literally printed 80% of the USD money supply in 2020 alone retard wtf are you on about

>>29881737
Oh, you are confusing inflation with monetary supply. Here, this might help, it's a pretty good article
https://www.economicshelp.org/blog/111/inflation/money-supply-inflation/
Inflation comes later, at the moment we are only printing so much money because of a deflationary crisis stretching back years. If there is any doubt to this, just ask yourself why the economy hasn't collapsed by printing so much money (hint, the printers are the only thing preventing collapse)

>>29882091
Increasing the money supply is inflation stupid nigger, fuck your bullshit new definitions

>>29881393
>The conditions that spurred this bull run haven't gone anywhere
The conditions that spurred the bull run was the bull run in the real market, bitcoin is heavily correlated to equities and the general mood of the market, stop acting as if it is some separate uncorrelated entity.
>>29881737
>MUH M2
retard, go read a book.

>>29882091
>deflationary crisis.
AHAHAHA you actually believe the government stats. my fucking god. Make any basket of goods of things you actually pay for, like rent, food, power, gas, computers parts....and you will find inflation is greater than 8%. Bond rates will be over 15% this decade

>>29882174
>new definitions
this so much. what happened it the m3 stat? they just stopped reporting it when it started showing the cracks

>>29879284
I mean, theres way more volume this time around than before

>>29881525
You absolute fucking fool. Have you not left your pod recently? Gas prices, meat, used cars, quality used parts / furnishings and building materials have all risen substantially this year and if you participated in the real world you'd realize this. We're gonna have to start posting a crowd-sourced inflation anecdote general to fucking drag you willfully blind faggots into the light. 2 months from now when 87 is the same price as today's 93 maybe you'll remember this post.

>>29881570
>He thinks this mcfucking wastecoin is a valid indicator of anything
You need to lurk more you niggercattle. I can't tell if you're trolling or legitimately retarded. Shit like this happened every single day during the ICO fest 4 years ago, and lo and behold, no one can even recall those shit tickers today.

>>29882174
this isn't a new definition anon, no economist was ever so naive as to think monetary supply and inflation were identical. they are related for sure, and I agree printing this money will cause inflation, but it isn't at the moment, at least not at rates which would magically carry BTC to 100k in March
>>29882242
I agree, a decade sounds like a good bet

>>29882485
anon, they are talking about hyper inflation, not this consumer based pseudo inflation caused by the government trying to bail a sinking ship. I agree that hyperinflation is coming but retards are acting like the M1 spike is somehow causal of BTC going to the moon in the coming weeks, that's the disconnect

>>29882502
it is a new definition. before the 90s they used the term "inflation" to refer to what is now called "monetary inflation". So now the economists go back to these guys in the 50s and 60s and actively misquote them because the definition has shifted. This happened at the same time they stopped reporting m3. Its smoke and mirrors to hide the problem

>>29877673
/biz/ can you make that catalog pictures fully connect?

>>29877673
I love crashes. They make me feel alive with anger.

>>29882707
you are simply wrong. the classical definition is a rise in the general price level caused by an imbalance between the quantity of money and trade needs, the new bastardized definition is muh shit costs more, which is ironically what everyone itt is memeing

>>29882979
https://www.clevelandfed.org/~/media/content/newsroom%20and%20events/publications/economic%20commentary/1997/ec%2019971015%20on%20the%20origin%20and%20evolution%20of%20the%20word%20inflation%20pdf.pdf?la=en
The fed says you don't know what you are talking about. Says explicitly that the term inflation was redefined post 1978. That Adam Smiths definition is "More money >> highier prices" which is what everyone here is saying, which you yourself have said.

>>29882091
They are inflating asset prices. Why do you think housing is so unaffordable for most americans? Millenuals are being priced out of everything while boomers profit.

I bought $600 worth of LINK.
I'm pretty certain it's gonna go up. Bad times right now, but long term there shall be good times.

>>29883334
Yeah housing didn't rise before QE and printing went wild.
Oh wait..

>>29879345
NOOOOOOOOOOO
SAVE THEM

>>29883231
Okay, now you fucked up lmao. I wasted my money on a degree and actually had to read this shit. Adam Smith doesn't even talk about inflation in terms of prices, he talks about it in terms of returns to the issuer. Here, I will even go to the effort of quoting him for you

>>29883453
I'm a licensed financial advisor. Let me be the one to tell you that we all know your a nigger.

>>29883565
>>29883231
pic related

>>29882485
>crowd-sourced inflation anecdote
http://www.chapwoodindex.org/
spoiler alert, real inflation is ~8-12% every year. year after year.

>>29882390
they ngmi i keep telling these retards about the volume

>>29883231
The notion that "one preceeds the next" is correct in the end result. It's more akin to a radiation poisoning. Or mercury I suppose. Where the fatal dose can be received long before you experience the practical consequence. That is the notion being priced in over the last 3-6 months, I would argue.
>>29882604
I think we're all focused on the same practical result. We all love arguing with one another but can't forfeit pragmatism for this mental masturbation.
>>29883631
it's far greater than that this year alone and is only going to accelerate.

MR NOVOGRATZ
YOU SAY WE HAVE BATTOMED OUT
TONE VAYS IS BEARISH

>>29880695
The irony of the "virgin vs chad" meme is almost all of 4channers are virgins, from /a/ to /x/

>>29883607
>variations of gold and silver
read the link its in there. nominal vs real price, that "variation of gold and silver" is what we would call m1 today. I read "that shit", enjoyed the book, and didn't have to pay anyone to understand it. Sorry you were misled by your schooling.

>>29877880
How do I short bitcoin?

>>29883807
What do you mean? That this is an organic development and not just bots? Can't volume go both ways?

>>29878742

My god I am running out funds! so many good deals.. just need to down to 43k to get LTC for $150.

>>29883936
>he doesn’t know savings accounts are now also counting towards m1

>>29883936
1) that's him talking about value theory, not inflation
2) literally no one believes in the labor theory of value anymore but orthodox Marxists so idk why it would matter at all lol

>>29877972
Then don't use coinbase retard. There's a shit ton of exchanges that charge fuck all per transaction. Coinbase pro, Kucoin, etc..

>>29881596
I put in all my fiat does that count

Special for you OP

Wojak Index is mooning

>>29877673
not even considering depositing in AAVE?