/biz/ - Business & Finance

Case in point with a bunch of bull fags saying 17k was the bottom with their terrible TA

pic related

>>49965397
Another one

The return to normal is $10-14k

>>49965397
fuck a line on a chart nigga. all my niggas drawing circles. pi r squared and all that shit nigga fuck your y=mx+c bullshit nigga

>>49965404
Lmao at bulltards
>The bullrun will uh just keep getting longer and uh the bear market will eventually shrink to 0 and the bullrun will never end OOOOOOOOOO.

>>49965389
you are unironically a fag

True Despair is when pink wojaks are posted every day, reddit cryptocurrency has suicide hotline pinned, slow traffic on /biz/, interest in crypto dying down and people calling it a scam

>>49965445
Bulls want that generational wealth dip so we can go all in, therefore it’ll never happen

>>49965445
I bet the part he has in green for 2022.5 to 2025 actually ends up being red, completely taking everyone by "surprise"

>>49965389
Crypto has no intrinsic value because it's backed by nothing. The "normal" is zero. Give a single reason to buy crypto other than "to sell it for more". There isn't. It's a ponzi scheme and ponzis have no value.

>>49965389

Just stop listening to this fudding bitches, if we can keep btc above 21 K this weekend next supportlines are just there

>>49965389
t me/shinaprinter

>>49965458

>>49965389
too soon, junior

>>49965479
you are correct, I just bought

>>49965479
All of this is currently going on. The "crypto is a scam" sentiment has settled in, interest everywhere is decreasing, and biz is full of off-topic posts and barely any real discussions. I think it's a good time to start accumulating some well funded altcoins who can last a couple years until the next bullrun comes.

>>49965666
bruh,the halving in 2024,nigga

>>49965389
It will still be a decently long enough bullrun to make money off of if you're not hesitant to both buy and sell. I'd say if you bought the right things this week, selling by Thursday would be safe and comfy modest gains before the real correction begins.
However, the correction we honestly need may not go down the way it naturally should. If history can repeat itself in this instance I think you're absolutely right. I just think that unfortunately, too many variables have been manipulating the market either directly or indirectly, which might make it inaccurate to compare with historical data:
- Russia conflict-related shortages and dedollarization
- Massive additional risk added into the global financial system by FinTech
- Fed damage control karma & resulting additional damage control, & resulting karma from the karma's damage control.
- Remember when the Fed unplugged the stock market from reality in 2019? lmao sucks to suck if you fell for them saying they eventually got it under control

>inb4 "Well I invest in crypto so it's different"
No it fucking is not. You can tell it's not because the majority of people talking about crypto talk about gains, investing - not sending, receiving...actually using it. The last time we saw the true value of major coins was ca 13-15k BTC and that is being generous. The rest is speculation, and that volatility's main influence is the general economy.
That same concept of observing the practical/physical reality of the market vs. charts and numbers is also applicable if you want a good idea of how big of a correction we're due for. Most people MADE money during COVID lockdowns despite the supply chain almost grinding to a halt. 2021-now, millions of people never returned to work thereafter yet the stock market boomed. That boom wasn't from production, we already know it was from the Fed printing money and no real value was created. Either they admit failure and let things burn, or we're in for a long slow death.

>>49965389
YEP

>>49965747
>well funded altcoins
define and which

>>49965479
True despair is when 2000 anons suicide in same day and media covers it. Thats when it will bottom
You all need to stop being fags, we are still needing to go 1k bitcoin

>>49965616
This is true for most coins unfortunately, but there are a few that provide something valuable. LINK for example, except the token is not needed, so it's essentially just like buying stock in a company. Blockchain technology in itself is valuable, but people can fuck off with this BTC is digital gold store of value because it obviously isn't.