/biz/ - Business & Finance

>now

>>4829667
we are now entering Take Off* phase

>>4829667
you see the "new paradigm" section at the top?
we blew past that weeks ago and are now and forever in "market don't give a fuck" mode

Retard we're nearing the new paradigm phase already.

This is New paradigm at this point. Bitcoin up 20% in a fucking day

>>4829764
this desu

This can't be sustainable.
>says increasingly nervous man

>>4829667
Institutional investors are entering next week so we are in take off phase from your chart.

>>4829779
kek

>>4829667
How come Ark isnt spiking, as they are the most deluded of them all

We're entering the denial phase now if kek wills it

BTC is by definition a bubble. It has no utility, volatile as a mother fucker, sucks at what it was meant for, and people think they will get rich off it.....btc deserves to be $1.00

To any new anons lurking here - this is not advice but just some food for thought:

When I first entered crypto, Bitcoin just passed $1000 mark.

This same image with same precedent was shared and same kind of panic and "end of the line" talks were going around.

I guess those doomsayers will be right one time. They could be right this time, or...

They might not.

>>4829921
JUST

>>4829764
Millennials being this retarded to believe that they're the early adopters.

>>4829999
If we are talking about 2013, a couple of days later, the then-ATH was in at $1200. And then it took 3.5y to come back.

If not, you just shut up, newfag.

>>4829667
Yep. This is going to be a fucking genocide. Too much new money, it's literally a ponzi
a ponzi is by deinfition making money on people constantly buying in. this is btc right now. it has no fundamentals.

>>4830028
Smart money was atleast 7 years ago.

>>4829667
>being a salty nocoiner

pretty pathetic

>>4830145
Because of Mt gox in February 2014.

Now entering the l337 phase

too bad it's a chad market

>>4829667
>said increasingly nervous nocoiner for the 7th time this season

This bitcoin thing is the funniest shit ever to me

>(((they))) are testing how much resilience btc has
get ready for 10th

>>4830188
smart money was last year even dude. the gains didn't matter if you bought btc at $10 or $100 at this point. it's like saying it matters if you bought ETH at $5 or $15.

everyone here is late. have you guys noticed how fast threads move? new money, dumb money, is here.

>>4830028
You’re literally an early investor if you bought at the beginning of this year.

>>4829667
its the media attention / enthusiasm phase

>>4829667
Maybe... people who keep posting this graph are delusional.

>>/biz/image/9RK5K6-j7vSXrjPCWWt4oQ

We have seen this before in many moon missions in many altcoins, even you can't deny it buttcoiners, this is going to drop like a rock.

I have most of my money on btc and I've been getting decent gains, but hell it scares me when it goes up that fast, it's literally too good to be real, and it worries me. In fact, I feel better and more at ease when it's going up slowly, or even dipping. But when shit like this happens, I can't shake the feeling that we're literally in the top of a mountain an on the edge of a fucking abyss.

>institutional money not even in yet
bleebleeblaablaableebleeblub

>>4830298
can you read a chart? the media ttention phase was a few months ago when IBM started advertising the "blockchain".
now you have daily mentions of BTC on business channels.

>>4830298
this was a week ago anon

>>4829667
how do i short this stock

>>4830274
>Yestereday:hear a normie in my office telling his friend to buy IOTA on bitfinex
>Today: Hear a guy on the train talking about bitcoin and how they sold their flat and put 25k there for savings

New money for sure. A lot of people are going to be burned when they realise the exchange can refuse to honor their request or the network is too slow to sell during a crash.

>>4830349
buy high sell low

WE IN THE TAKE OFF
Delusion at around 30-40k maybe even moar

>>4829667
lmao at these morons thinking bitcoin can be 100k. It has no use and it's just a game of musical chairs right now. The 80-90% crash will be rough when it occurs

HERE WE GO
THE FREEFALL BEGINS
GET OUT IF YOU HAVEN'T

>>4830317
This

>>4830360
this is a whole new game, and im not a fan. it's different when you have 10 million people who are into the tech and can won't sell during a crash because they're actual early adopters
but now?
now you have new money, people who don't even know what shorting, longing or liquidation is buying hundreds of dollars worth of something they don't even know how to explain

ask someone invested in btc what a blockchain even is and they probably wont know. that's how you know we're heading for the sell off.

>>4829999
Checked and Kek'd.

>>4830360
Holy fuck. Its finally here.
What was the story about the wall st dude and the shoe shine kid? When the shoe shine boy gave him stock advice, he knew it was time to sell.

Bitcoin has been in a bubble since 1-2k
This year has been insane, but it won't continue.
It'll return there eventually and climb again when it's value is actually equal the price. And trust me the value is NOT worth 14k a piece.

FINEX GOING DOWN
VOLUME IS LITERALLY 0
I REPEAT
FINEX GOING DOWN
THIS IS NOT A DRILL

>>4829667
Nope we're only just entering 'Institutional Investors'.

>>4830499
the question is are alts safe?
or is it time to cash out?

>>4829908
this.

>>4830480
But these days, the shoe shine kid has access to the same internet as the wall street dude, only the wall street dude is too busy, while the shoe shine kid has free time

>>4830557
Once Tether pops, everything but Bitcoin Cash pops too. BCH is gonna see a bit of a drop in the first little bit, and then people will realize it's a safe haven.

>>4830028
Yeah, the normies are in full swing and we are approaching a top. Anyone who does not see this is a stupid normie laggard baggie.

>>4830796

BCH gonna have the last laugh

does anybody actually know what the market cap of buttcoin is right now?

I think that would make the most sense to follow as far as how legit the currency is.

unfortunately I don't know if you can really calculate a market cap without knowing how many coins are permanently lost due to lost keys

>>4829667
Do we have any proof that any institution invested heavily in bitcoin?

Actually, it's media attention/enthusiasm, clearly

>>4830950
Exactly. There will be some that will shit bricks when they see others shitting bricks, that's going to be a given. The blood in the streets will slowly but surely flow towards it. For many, they'll realize paradise was hiding in plain sight.

>>4830964
Mike Novogratz, Winklewos twin

>>4830998
That was 10k. We're well at delusion/greed at this point

>>4830317
This is why I just sold everything recently. I know it's going to crash soon. I always knew this was just a get rich scheme so I am not deluded enough to be left holding the bags.

>>4830028

This x1000

the Chad fad

>>4830953
quarter of a trillion

>>4831163
the longest btc held is from 2013 so what are yall faggots talking about also look at the distribution charts

>>4829667
Nah, this is a classic shoulder. When you bounce back higher you are at the start of something... not at the end.

I think something big is happening, people are starting to realize they can get their freedom back with cryptos, even in places like Venezuela where the government had essentially outlawed the economy..
It’s the end of fiat. Who will want to be paid in fiat next year?
Why chuck out a crypto that you can really control how you use it for some crappy fiat?

>>4829667
Nope.
Media attention - Enthusiasm.
Compare dotcom bubble to BTC and you will understand what I'm talking about. All the "institutional investors" had already invested into BTC, that's why we are seeing such crazy growth this year. Everyone on the internet is talking about BTCs even people completely technologically inept. Mike Novogratz shilling his BTC bought at 5k and soon stock market will trade BTC. It's so similar to dotcom bubble that's it's scarring me. 100k$ and 1 trillion mcap will be definitely reached by 2018.

>>4829667
We're in smart money phase still brehs

>>4831067
Correct, at least someone with a brain in this thread.

Greed is definitely in. Dumb norms are buying BTC for a quick lambo.

I hope many suicides will erupt from this. Will be fun to read, knowing I have sold my bags to these laggard retard millenials.

>>4831333
No, that is the "new paradigm" bias aka top of the bubble.

>>4831067

No. It doesn't grow how you think it does. There are exponentially more people buying in right now than a month or two ago.

It may seem insane to you but $10k was actually early adoption, but mania will ensue soon enough.

>>4831199

lol'd hard

>>4830796
>Once Tether pops, everything but Bitcoin Cash pops too. BCH is gonna see a bit of a drop in the first little bit, and then people will realize it's a safe haven.

>>4830317
Take your profits and get out nigga

At "media attention" for sure

>>4830537

>>4829667
Does anyone have this graph except the edit where it is 4-5 of these graphs stacked end to end and increasing in size?

>>4829667
>muh line magic

>>4829667

>>4830274
speak for yourself lol.

What? No. This is completely meaningless and mostly false.
t. who gives a fuck think for yourselves

>>4830360
> or the network is too slow to sell during a crash.

This is the scariest thing to me. Not saying it'll be soon, but whenever the next crash happens people will go fucking insane about being unable to sell.

>>4829667
we are in the “What in the holy dancing fuck is happening?” stage

>>4832849
Psssssst
https://blockchain.info/unconfirmed-transactions

Remember, the le flip meme was around 150,000.

>>4832717
>ID

>>4829667
we are somewhere in between smart money and institutional investors paradigm

how do i know?

checkem bitch

>>4829764
t. delusional

All the free money will fly into BTC and it will become the new reserve currency of the world. During that process the most successful of altcoins will emerge as the day-to-day use coins to buy your car and cup of coffee. Screencap this.

Normie hands are the weakest. This is being pushed primarily by them. The reason Bitfinex was a problem was because they were acting as support preventing a crash and by extension panic selling furthering it. Coinbase and other services going off-line also alleviates it by preventing people from selling.

The instant it drops back to 9K all the normies that bought at 14K are going to panic sell if they can and all it takes is one whale to send it there.

Normie adoption means money for a while but the instant they get spooked it all comes down.

>>4829764
There's literally bitches complaining on twitter men are trying to mansplain bitcoin to them.
This is peak mania; but OP is also stupid, because the rally has been propped up by fake tethers from the start, and can go on indefinitely provided no outside element disrupts the balance.

>>4833090
This provides an addictive, completely new asset class for the mid-class to wealthy. These people have never experienced a true free market such as this. Many people do not realize how ridiculous amount of available money there is in the world to spew on this thing. Cannot realistically predict this anymore, nothing seems to work except the optimistic upward predictions. This will never touch sub-10K again.

>>4829667
Thats funny because last week was the "fear" phase, then it was a bull trap. Whatever you no coiners have to do to sleep through the night

>>4829667
This graph will represent like 2 weeks lol

Everywhere i see is euphoria. It's getting scary.

Get XRP and Stratis, cmon boys lets pump it ONE MORE TIME

https://www.youtube.com/watch?v=-OTryGzS-G8

>>4831128
sold some today, just to buy some christmas presents desu.
But still, the graph is parabolic.. it cant go like this forever and the crash will hurt really really bad.

Not saying BTC is done after that tho

>>4830403
I don't know shit about this but tell me why BTC can't be viewed as a sort of gold standard for other cryptos, and how that wouldn't innately increase BTC value?

>>4829999
Holy Mother of check.

Also, same image was going around when I bought at $15. It is an original meme

>>4830448
i agree. We need a weak hand shake off (either through Mount Gox 2.0, Uncle Sam, or whatever ekse). Have you already exited? It's a tough time to exit with big news on the horizon for so many alts.

Stay and I could burned, leave and I'll get left behind.

>>4830950
>>4830796
>>4831011
Why is BCH safe?

my gut is just telling me to buy more

>>4830145

People did the same when BTC hit 2k recently. And 5k, and 10k, now people are afraid to call the top.

When everyone is confident bitcoin will go up, when I start to see reporters and economists and heads of states encourage citizens to buy bitcoin as a 'safe' investment, when the government starts issuing bitcoin backed bonds, that's when I'm out.

Why would btc crash? why?

>>4829999
Nice quads just bought 100k

>>4834335
How low will it go? Worst case scenario, is sub 1k BTC even possible anymore now that we've witnessed 15k?

>>4829667
>>4829700

>>4834541

Desire makes us biased against the truth, if you ever want to really evaluate your opinion, ask yourself: is this what I'm scared of happening, or what I desperately want to happen.

I think you're terrified of having truly missed the boat completely on 100x gains, and you deep down want bitcoin to be sub 1000 again. That's exactly why we both know it'll never happen.

>>4833686
When you sell your gold do you give away >10% of the value to confirm the trade?

Just woke up in the middle of the night because i can no longer sleep because of Bitcoin and checked the price.. uhmmm... what the fuck is this? Did i just make $20000 while sleeping?

>>4834672
You're mistaken, because I've already taken that into consideration. I think the entire market would jump instantly on anything sub 8k, with 6k being the lowest I can see. I'm only asking what you believe, even in a worst case scenario of global gov't restriction, tether and exchange collapse, etc perhaps simultaneously happening.

Additionally, there are other x100 gains to be made. I've been here since 2013 but never held, personally. Lesson learned.

>>4834172
Because it has 8× the capacity of bitcoin and you don't have to pay the miners extortionate fees to confirm your transaction because it clears the mempool nearly every block because that's how bitcoin was designed with no throughput limits.
The bankers have successfully fucked the entire crypto market but BCH is safe from them.
https://blockchain.info/unconfirmed-transactions
Take a look.
Now look at how BCH mempool works.
https://jochen-hoenicke.de/queue/cash/#8h
Do you see a difference? I sent 8 BCH to my own wallet for less than a cent fee the other day in 30seconds. That would have cost 1000× on banker coin.
They even not so subtlely names the company that took over bitcoin (to fuck it's throughput in the ass) Block-the-stream.
There's literally no arguing against that because there's no such fucking thing as a stream of blocks in crypto, a chain yes. No, they blocked the stream.

>>4834858
I don't think you understand. If BTC goes down, it drags us all down. BCH is a good contender to be one of the better surviving and/or quicker rebounding currencies, but you can't reasonably expect BCH to stand strong as BTC bites the dust.

You're arguing technical merits but in reality it doesn't fucking matter, BTC goes down and so does everything else (for now at least, perhaps not next year).

>>4834779

Nah, I was thinking about this the other day. You know how in a global depression/crisis all commodities drop, including gold as people are desperate for essentials. I think EVEN in that situation bitcoin will be valuable because there are enough fanatics who believe it's value will recover afterwords. Hence even in a global depression type scenario there will be enough sharks out there hoovering up all the bitcoins that it's price will never really fall below 1k again.

If shit goes south I'm buying in,

>>4830317
what worries me is that right now every bank and government is planning to fuck everyone who owns bitcoin

>>4834997
The only plausible scenario I can imagine is when no one cares about the digital gold meme anymore, and the money moves towards alts with utility. But in that case, it would have little room to go up and may just fade into obscurity like MySpace.

>>4835154
How low will they bring it?

Will we see Satoshi fight back in the market manipulation battle and defeat the big banks once and for all?

>>4834963
What makes you think next year is different to now?
All it takes is the Chinese to say fuck this unusable "currency" and depart for it's bigger and better fork. And they will, they are on record publicly disparaging the chain and coin and developers as sub par.
https://blockchain.info/unconfirmed-transactions
Best of luck getting your coins out when that happens.

>>4835379
What if China pulls a 180 and embraces the currency?

>>4835220

Literally will never happen, you're falling for the ''''''blockchain'''''' meme. Basically 99% of alts are not suitable for blockchain, and bitcoins value does not arrive from it's fundamental utility (there are already faster and easier to transact altcoins) it derives from having the longest unbroken proof of work chain, and for being created before cryptocurrencies were valuable this ensuring the most meritocratic distribution feasible (i.e. while 90% of bitcoins are held by 1% of people, it's still a lot more trust worthy than if some ICO was started today, you have no idea how much the devs or some corporation or bank could own etc).

Bitcoin is literally irreplaceable, there have been some good posts about this. This is not a facebook/myspace situation because bitcoin is not a company, this is a gold/platinum situation. Platinum is a better and rarer metal, by gold is more valuable due to it's history and pre-existing reputation.

>>4829667
I would love to see your face when Bitcoin is at 50k in 3 years time

>>4835461

Platnium actually sells for more per oz than gold. I buy platnium and gold coins from JM with my BTC gains to hedge. Platnium coins look sick af in person.

>>4830796
>Once Tether pops, everything but Bitcoin Cash pops too. BCH is gonna see a bit of a drop in the first little bit, and then people will realize it's a safe haven.

>>4835550
>investing in precious metals when asteroid mining will make them worthless in decades

>>4835428
There's just one thing wrong with your hypothetical...
It's not a currency and the single Dev group in control don't want it to be.
The bankers have fucked bitcoin up on purpose it's as clear as day

>>4835893
why is bch safe from the tether fiasco

>>4829908
>hmm these retards are still willing to buy and sell their monopoly money, were missing out on taking a cut of all these transactions or just shorting the entire market
>WALL STREET IS INTERESETED IN US WE ARE LEGITIMATE!!!! TO THE MOON!!!

Bitcoin will be under $500 within a year and under $5 within 5 years. Mark my words.

>>4835973
Its not. nothing is

>>4836036
This. IOTA will have a 1 trillion market cap in 5 years. Screencap this.

>>4829999
it DID crash though, it will crash again. I'm thinking down to 3-4k. 2 at the very lowest.

>>4830245
I fucking love it. You have a bunch of anti social millionaires living in their mothers basements. I know people that held 1000 coins from the old days. Still holding, most of them.

What a time to be alive.

sell sell selllll

>>4834541
the bottom is always zero.

>>4836036
Ya! Also req will be worth 100 smackaroos by next year

>>4831067
>What if I told you media attention and enthusiasm is going to last over a month

Basing phases on time periods of exposure rather than extent of increase will change your perspective entirely. It's easy to compare these graphs and see similarities the problem is that btc is a whole nother animal

>>4834150
im not leaving, the money I've put in I can live without. I'll stay through the crash

>>4829667
if i had a BTC for every time i have seen this chart i would be a rich anon

>>4836916
>btc
More like Satoshi

>>4829667
Embedding monika.chr into the blockchain so every Bitcoin node has a copy of Monika!
Monika using her powers to make Bitcoin go over 14000 USD!
Going to the moon with Monika!

>>4829925
What kind of stoners is ark run by?

Fuck, I bought $5000 of BTC on coinbase and it won't even be availible until 12/14!! What the fuck, it hit my bank account today

>>4829999
To any new anons lurking here - this is not advice but just some food for thought:
When I first entered crypto, Bitcoin just passed $10 mark.
This same image with same precedent was shared and same kind of panic and "end of the line" talks were going around.
I guess those doomsayers will be right one time. They could be right this time, or...
They might not.

>>4836036
Yeah, and LINK will take it's place at the #1 spot

>>4836666
checked

IMO we are at Enthusiasm, media attention has been extensive this past year and normie attention began with the 10k barrier being broken.

>>4829667
Tulipcoin, now 14100

>>4835220
ALTS WITH UTILITY
key phrase here

not being sarcastic

BTC doesn't fall into either of these categories

RUN