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/biz/ - Business & Finance

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50753212 No.50753212 [Reply] [Original]

It's just sitting there holding 23k like it's some sort of a miracle price and as if it's going to break out any time soon lmfao
I fucking hate this clown market shit. I am completely over it. This shit should be hitting 14k by now but instead it's holding 23k for no reasons whatsoever.
Worst part is, it's going to keep stubbornly holding 22.9k and .8 and .7 and 6 and... again while even stocks dump.
Fuck this total nonsense.

>> No.50753819
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50753819

>pumps on good news
>pumps on bad news
why???
why is this shit STILL holding?????

>> No.50753899

>>50753212
Markets can stay irrational longer than you can remain solvent

>> No.50754034

>>50753899
Dubs of truth

>> No.50754061

>>50753212
>This shit should be hitting 14k

Why do you think it would?

>> No.50754099

>>50753819
today it was supposed to try 24k but China upset the yuros who ended up buying US treasuries like good little vassals. Risk off day.

>> No.50754113
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50754113

>>50753212
>>50753819
Fuck you bobo, get shit on

>> No.50754122

>>50754061
if it gets another chance at 24 in the next days and gets rejected hard, sub 20k is definitely on the table.

>> No.50754287

>>50753899
Thanks reddit

>> No.50754349

>>50753212
BTC has 1.70% inflation per year, while the usd has 10%, only reason we dumped so much early in the year is because there is a liquidity shock being done by the fed.

>> No.50754547

>>50754349
Are you retarded or just new? That was a minor bear market by crypto standards. The average btc bear is 81%. And those were under perfect economic conditions. Now you have the worst ones in a 100 years and only getting worse. It should easily hit an 85% drop.

>> No.50754586

>>50753899
>remain solvent
remain sane*

>> No.50754756

>>50754547
>It should drop easily because... well it just has to OK!

>> No.50754758

>>50754547
Inflationary conditions are bullish for crypto as long as central banks are not removing liquidity (which they can only do to a limit)

Only deflation is bad for crypto

>> No.50755724

>>50754099
Why "supposed"? Are you making the market?

>> No.50755927

>>50753212
>This shit should be hitting 14k by now but instead it's holding 23k for no reasons whatsoever.
I know I'm replying to a bait post, but people in general really need to learn to not marry their thesis.

>> No.50755994

>>50754547
>crypto standards
>average
>sample size of 2
And you have the audacity to call other people retards

>> No.50756019
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50756019

>>50753212
Just swing trade the crab channel. Easiest money of my life.