/biz/ - Business & Finance

>>50128980
they slowly realize that nobody will pump btc like before because everybody saw how quickly it went downhill, still retards are hodling because
>sunken cost fallacy

>>50128997
The money just isnt there to pump it now.

High living costs and no government covid handouts.

What will be the new "it will never go below x$" mumu cope? 14000?

>>50128980
The intrinsic value of magic internet money that is not backed by anything is close to $0.

>>50129073
you really think the wallets selling down to 14k give a fuck about stimmies and rent? fuck off lmao. its a run on retail before the next PnD. macro just needs to be accomodating enough for midsize players (out of the loop of the elite) to fall for a manipulated pump and FOMO in.

>>50129173
15k

>>50128997
They haven't run out of fools for their greater fool scheme, but the fools are getting poorer and poorer thanks to recession so they don't have as much money to pump anymore

>>50129220
>you really think the wallets selling down to 14k give a fuck about stimmies and rent?

you need normie buyers to pump it, they are no longer there.

yes bobo get comfy below 20k, this definitely is not a shakeout below the previous ATH, below the 200wma, definitely not
the largest bitcoin holders are definitely not accumulating at these prices, the smallest wallets are definitely not the ones selling at these prices

>>50129263
>you need normie buyers to pump it
this hasn't been the case since triple digit bitcoin, cycles are dictated by miner flows (who just got done dumping) and funds which are either out already, liquidated, or accumulating

>accumulating magic internet beans
What do they do?

>>50129263
if you're expecting the same fuckheads to make more than a drop in an ocean of $360b - 360,000x more effort than a $1m mcap shitcoin - you're a brainlet.

>>50129512
your theory is that prices go radically up and down just because of 'whales'?

Yeah probably for the next 12 months or so, but there isn't much more downside. 16k absolute lowest, but just expect the worst crab imaginable. You thought 39k was mindnumbing? Get ready

>>50129073
>High living costs
Maybe if those normies stop buying starcucks and avatardos, then maybe they'll have some cash to spend on internet beans.

>>50129512
>>50129323
so much for the decentralized meme, guys ngl those normies did what you hoped for, they adopted, they bought btc and now you retards are unironically holding their bags, cope down to 10k nobody cares about the btc meme or we would be at 50k at the very least

It's alt season.

>>50129751
bitcoin is more decentralised than ever, you're a fucking tool

>>50129797
imagine believing this: exchanges, musk, whales, saylor, institutional derivatives, you are a clueless, coping, low IQ bagholder, I‘m so sorry anon why didn‘t you sell?

>>50130086
>exchanges, musk, whales, saylor, institutional derivatives
I couldn't fit in more meaningless buzzwords if I tried, the degree of your retardation is impressive
google the definition of decentralisation and how bitcoin works before you embarrass yourself any further

>>50130127
keep seething while buying dips you retarded moron and try to understand that a single person like sayor or musk can impact the chart in a way not even mcdonalds would be able to move the dollar, that there a big boy miners processing most of the transactions..can you mine on an xbox? that was decentralized you edgy halfape wannabe investor. on a sidenote: are ya winning, son???!! lambo RERRRY soon

>>50130194
Ok ur retarded tbo

>>50129173
10k, which is 85% down from the 69k cycle high and BTC crashes an average of 85% each time.

>>50130194
sorry you missed the run, stay poor and bitter

>>50130215
>>50130256
>heavy DCAing noises
the chart says i‘m right, keep buying le dip, ngmi

>>50128980
i hope the golden bull liquidates your asshole and you lose everything to the point you are living in a tent getting raped at gunpoint every night shooting up fentanyl between your toes to the numb the pain of not buying the bottom
fucking nigger

>>50130388
I parrot this opinion

>>50130388
for people to obsess this hard over an asset that they missed out on despite having 13 years to buy early, imagine how shitty must their life already be

>>50129298
You're losing a looooot of money

>>50129263
>you need normie buyers to pump it,
No you really do not. If you control exchanges, you control liquidity and buy sell pressure through buy sell walls and and the order book. Not to mention retards who hold their crypto on exchanges have their coins used for those walls.

>>50130736
>No you really do not. If you control exchanges, you control liquidity and buy sell pressure through buy sell walls and and the order book

volatility and trading will just dry up if its a walled garden.

you need new dollars coming in.

>>50128980
below 19k