/biz/ - Business & Finance

>>50065616
No. I was surprised when it broke $30k so early. But when that happened I went and got a loan because I knew it was breaking down fast. Now I am prepared.

>>50065644
I wasn't. I was surprised that it ignored the 200w ma tho

>>50065616
We are probably living through the worst financial crash ever seen. Some are calling it the great reset.

>>50065616
the sharks smell blood and they are going for it while they still can, they can't count on the current macro conditions to keep giving them such a perfect opportunity to tear apart all their overleveraged rivals

>>50065616
There is NOTHING that can prevent bitcoin from going to 4 digits during a QT phase. The unprecedented growth of crypto was driven purely by the huge amount of easy liquidity, and that isn’t going to happen in a while.

>>50065699
This is the first defi cycle too. These overleveraged rivals have their liquidation point transparent to the whole world. Whalesharks can hunt them more easily.

>>50065616
First I expected the same but if you think like 21 may was the real top for btc everything is just in time.

So then whats gona happen?

Are we just gona keep going down low and low and lower until when? 2025?

We basically gona wick down to like 7-8k and then hover around 10-15k for the next 3 years?

Whats the fucking deal

>>50065739
Check the chart between 18 and 21.

>>50065616
we're going lower

>>50065739
Probably will get a big wick down and then bleed out until FED turns on the money printer again. When that will be is unknown. Months I would guess though, not years. The FED is trapped.

>>50065758
Impossible.

>>50065789
we shall see

>>50065758
I'd go balls deep if that happened

>>50065616
Because its going to zero

>>50065827
i have orders down there ,few understand

>>50065616
Fed hasn't even announced the recession.

>>50065739
There was a very convincing poster on here a month ago who said we'd be wicking to 8k this coming week.

>>50065961
And do you have a buy limit order in at $8.5k just in case. Ride the wick, fren.

>>50065616
Celsius insolvent
Nexo insolvent
3AC insolvent and in the process if liquidating
Other small ones have already capsized but not worth mentioning

SBF and CZ already stepped in to try and help prevent some of these from dying by providing loans and/or buying btc itself at 20k. Neither of these things worked and Saylor got margin called so he bought more. All of these things helped a little but even the btc mining firms started to sell off long ago and are continuing to sell now. Pair this with a recession and QT that hasn't been seen in decades and you got urself a recipe for were going to zero. Congrats Bobo you get to short all the way down to zero. The catch? There won't be anything left to buy. You will still in the end, be priced out

>>50066053
>SBF and CZ
Ya they had huge buy walls set to exactly 21,000 for awhile, then 20,000. Literally wasting money to try to prop the price up.

>>50065644
Is taking loan a good idea? Iam unironically considering it.. Iam eastern european wagie and thinking about taking like 5-6k euro loan... I could afford to pay it in 3 years so worst case scenario i lose like 5k+ %%... Say if btc drops sub 10k...

>>50066053
I've had a short running on eth since 2200 because if btc goes to 8k, eth is going to 200.

>>50065939
So what?
Was the 2020 recession bad?

>>50065789
it literally can be 4k in 1 month and 2k the next

>>50066122
Take profit soon because like I said. Eth is going to 200, its going to zero. Btc will be the only thing that has price, but it will be like $20

>>50066145
That wasn't a recession by definition. Charts went down but easy money was plentiful. 2008 was pretty bad, but we're headed straight past 1929.

>>50065616
Yep. I was talking to my buddy and telling him how BTC's bottom is going to be 20k in the worst case scenario and after I said it it broke the 30k mark and hit 20k the same or next day I think. I was in shock.

>>50065939
That's because if/when they do, the ass really drops out. Even though everyone knows what is happening.

>>50066157
More reasons to take profits, don't you think anon? Market is volatile and new solutions are coming, the emphasis being on privacy blockchains.

>>50065758
I'll sell my parents' kidneys if this happens

>>50066286
More shock is coming. Nothing about the market surprises me anymore. I see it as an opportunity to learn new things. The frenzy on blockchains are catching up and there are comparisons between otto and monero. That seems vague to me.

>>50065616
Look at the graph since 2022 started. After the november 2021 peak BTC's plummet halted at late Jan, it slightly inclined until early May, crashed, slightly inclined for a month until crashing again, been inclining again since mid-June and either it crashes again right now or around mid-July. Call it descending steps or whatever but that's been the pattern. Slow incline into a 10k crash that gets faster each time.

>>50065706
Aren't you contradicting yourself here? Seems you're new to crypto. A little education how btc, blockchains and liquidations work might help.

>>50066169
>Btc will be the only thing that has price, but it will be like $20
you are even more retarded then all of the 100k bullrun mumus

>>50065616
Aint in shit together with you retard, Find a better DeFi to get your money in and earn passive income on stables or low risk tokens, Mine is in Nirvana, Gat no fucking worries

>>50066656
And how secured is that boboso? Seen what happened to celsius? Not investing where there isn't privacy and security.

>>50066510
Retard

>>50065739
>>50065758
the next support level is 12k for buttcain

>>50066685
Use a dex

>>50065616
I'm expecting Vita Inu to reach one cent EOY, that's why this is a perfect moment to buy, you literally can't lose here, they've touched their bottom and it's feeless