/biz/ - Business & Finance

>>50316847
Bitcoin layer 3 will pump us to new all time highs. It will make all altcoins obsolete. NFT, smart contracts, privacy tokens, etc all ON TOP of bitcoin lightining network

>>50316847
>19k is the new 3500
No it's not. It's the new 6500 maybe. The big drop is yet to come.

>>50316847
cope

>>50316847
ya...no recession happening in 2018, or major war going on, your cope is unreal.

>>50316876
Can bitcoin layer 3 directly and securely interact with my bank account?

>>50316847
we're going to 11k for a while

>>50316912
> the boring opinion literally every twitter crypto mom has is definitely correct

>>50316912
We had ~3.5x gains for the 2017 20k top to 2021 69k top so the bottom will also be 3.5x so 2018 bottom was 3k so 2022 bottom will be 10k

Why do any of you think the next bottom will look the same as the 2018 bottom when the previous top was in no way similar to the 2021 top?

>>50316979
everyone expecting 10k are the same people who said BTC would hit 100k. Sorry anon but these types of targets just don't happened for this reason, sorry

>>50316975
Correct, "one more big drop" is the consensus now. You know what that means? That's right. Several more big drops.

>>50317012
this is a decent arguement. Im just going to reply with have fun staying poor

>>50317063
Yeah bro, just like when everyone expected one more pump to 100K, actually several big pumps happened to 250K am I rite

>>50316847
There wasn't hyperinflation, a speculation bubble in every market, european wars, energy crises, mass pandemics and a supply chain collapse in 2018.

>>50317031
this is kind of sentiment exactly why bitcoin is going to 3-4k

>>50316847
the 2018 drawdown was 85% from peak

to replicate that we'd need to break 10k

>>50316847
nah bruh, we are at the $6000 price range when everyone was saying this is the bottom and then it dropped hugely to $3000. thats when everything finally died and the new bull could grow.

>>50317172
2018 it went up 15x from the previous high
2022 it went up 3x from its previous high

would expect the drawdown to be much less too. It seems abnormal that it even got down 70%

>>50317172
marketcap is much bigger now, it's normal to go down 70-75% instead of 85%
even 60-65% wouldn't be surprising and we're already past that
17k was the bottom, and the same way people were greedy and didn't start to sell over 50k, people are being greedy now by not buying under 20k

>>50317159
No 10k bottom, it will crab around the 10-13k levels for a few mints to demoralize everyone before an uptrend. 2-3k is bobo euphoria and people waiting for these prices will miss accumulation

>>50317159
welp stay poor i guess

>>50317214
>>50317228

this thinking will get people killed - the bullrun was shit by comparison but that in no way means the selloff will be any less severe

if anything I think it's worse than 85% down from peak.

>>50317279
you sound like you have a short term trader mindset. Im saying its safe for long termers to load heavy. Even if it goes down the full 85% its gonna pump back to these levels, so who cares, thats the point of it being safe

>>50316847
> posted 12 hours before CPI
CPI will be good BTC will dump to 18k lol

>>50316932
>oh my god don't you know there's a RECESSION and a WAR you IDIOT? that means you have to sell your bitcoin now!

>>50316847
I mean you're wrong. I was there. This is exactly like the $6k bottom though. We will almost certainly hit around $11,000. Others are saying $10-13k but it's roughly the same area. That will be the real bottom.

>>50317297
yes I agree it's good to start DCAing in at least here but if you're not prepared to buy/hold down to low four digits then you're not gonna have a fun time in the short to medium term

>>50317110
Ok have fun

>>50317309
>you can't pay for food or gas? you IDIOT that means you need to buy MORE bitcoins!

>>50316847
Lol

>>50317336
>if there's a WAR and a RECESSION that means that everyone is literally starving in the streets, ok?!?

>>50317309
You never have to sell, but you can imagine that there will be increased sellers consisting of people who had their hands forced in difficult times, and other people attempting to frontrun the first group. I think anyone holding now is still conditioned by the bull market to expect a V-shaped recovery. That's not how crypto bear markets end. They have slow long declines until a majority of people lose interest.

BS

>>50317309
POST YOUR FUCKING BUY ORDER. POORFAG RETARD YOU WILL GO BROKE.

>>50317362
demand for speculative assets w/ no yield dries up when money gets tight and expensive

>>50316932

> He actually believes that NPC generated bullshit matters

Ngmi

>>50317459
yes thats why shitcoins go to $0

Bitcoin is different.

>>50316975
The "normies" have been right since the beginning of the dip, reddit has been shorting since 30-40k, yet you thought being le epic different contrarian would be right. Most of twitter is still bullish and buying the dip. You are the normie.

>>50317519
sure but that doesn't mean it cant go down to the low four digits

>>50317172
Why does it have to replicate that, exactly? Meme laws of the universe or just schizo ranting stuff?

>>50317588
/biz/ is no different than the early days of the BTC-e trollbox chatroom

>>50317478
>dude thats NPC logic, havent you heard everyone on 4channel all parrot in unison that thats NPC thinking?
Kek, it has mattered though. On every market including crypto. Cope.

>>50317648
everyone on 4channel parrots "WE'RE DUMPING TO AT LEAST $16K" lol

>>50317588
when there's not much else in the way of "fundamentals" (cash flow) to go off of, people resort to looking at what they can see - the chart. Enough people know that bear markets have historically been -80% or worse, and the smart ones know that's where your best r/r has been historically on entering, so enough will do so that it becomes a self-fulfilling prophecy

or they get rekd and we end up down 90% which is what i think happens

>>50317679
They only spout that after a short term dip. Everyone was mega bullish and claiming others "missed the bottom" when LINK hit 7.50 2 weeks ago. This board is short term, and always wrong.

>>50317088
Checked
Based

>>50317609
>BTC-e trollbox chatroom
Kek
>>50316876
Based
When 100k?

>>50316847
When he's right, he's right.

>>50316847

we didn't have interest rate hikes and out of control inflation in 2018

>>50317920
we DID have interest rate hikes in 2018

>>50316947
Of course not, BTC has no utility

>>50317133
Don't forget the incoming world famine

>>50317159
this is kind of sentiment exactly why bitcoin is going to 19-20k

>>50316847
more like 6k to 8k

50% further drop expected plus 2yrs of crabbing

You are all delusional retards and you are going to continue to get blown the fuck out.

>another episode of this is the bottom
guess it isn't the bottom yet
15k here we come

>>50317893
1 year vs 6 months. People do say things are changing a lot faster as time goes forward so maybe it’s legit, maybe it’s got another -50% who knows. Being down 70-90% already the amount of change is already negligible lol

>>50318045
So you're saying investing in assets with utility is better? I'm seeing privacy enabling solutions as having utility and long-term potential since they provide the need of privacy in the crypto space.

>>50316876
>Bitcoin layer 3
Is lightning even working properly yet? If yes how do I profit

Wtfwt

Each bullrun ended with a ~82% correction. Which means we are going to 10k eoy.

>>50322013
The fact you expect this means it won't happen. Also it didn't pump as hard as it usually does, why should it dump as hard. Im not doubting what you're saying by the way but no one has been able to respond to my second point.

>>50316876
2 more weeks

>>50322155
Third pump was not as hard as the second one, yet it fell again 82%