/biz/ - Business & Finance

>>51502466
Kek this chart is such bullshit and cope

pathetic bull run followed by the apparent golden bear run

>>51502466
>this rainbow says the ponzi will never end
Well that's a relief!

>>51502466
What happens when this shit just breaks?

>>51502490
they will add another color below

>>51502466

>>51502490
Same thing that happened when S2F broke, another chart will be used.

>>51502490
Adjust the lines

>>51502490
Bitcoin machine broke

>>51502466
The rainbow keeps rotating down lmao.

>>51502490
>he can't see the ultraviolet line

>>51502466
if history repeats itself, BTC will top out sometime in the middle of next year around 350-400k

>>51502487
Didn't realize the CEO of bitcoin was continually taking on new debt to finance operations while issuing absurd amounts of new bitcoin from nothing to make the interest payments.

>>51502490
The rainbow moves over time too. I remember around the peak it was deep into FOMO and scraping Sell. Now hat is not the case

>>51502466
If it can break above the rainbow it can break below the rainbow. Expect 12k by February.

>>51502490
It won't, nigher. Buy

>>51503061
will happen but hopefully earlier than that

>>51502476
>>51502487
>>51502490
>>51502547

Fuck you bastard

>>51502466
dumbo

>>51502490
It always does, because it's absolute nonsense.

>>51503285
I don't get it.

>>51502466

>>51502518
indigo and purple for JUST and "consider suicide"

>>51502490

>>51503383
Q predicted this

didn't even hit the orange last year, what a FUCKING SHIT bullrun

>>51503321
That's BTC's actual growth curve, its self-manifested log curve, versus the LGBT rainbow chart (which, as you can see, is entirely disconnected from reality and hence total nonsense).

>what is BTC's growth curve
BTC's growth curve is a logarithmic curve with a top and bottom boundary, that BTC itself manifested through its price action, with its candles. This's in stark contrast to the various dishonest hand-drawn curves (intended to deceive) where the bottom and top boundaries of the curves totally ignores BTC's candles and go straight through them or over or under them -- like for example the LGBT chart curve does.

The top of BTC's log curve had manifested by December 2013 and the bottom of the curve by August 2015. The curvature was set by then. Since then, the global market has traded accordingly. Whales begin selling off near/at the top of the curve and begin buying in at/near the bottom of the curve. Which has in turn strengthened the curve and made it a super reliable tool, for long-term zoomed out trading.

Compare the latest BTC price top: According to the LGBT curve BTC would go up there, in November 2021. Nobody following BTC's curve expected that. And indeed the very moment the price hit the "roof" of BTC's curve, it dumped - as that's when the whales began selling off. Exactly the same thing happened with the first top in 2021 (April) and the bottom in 2020 and the top in 2017.

>>51502466
I bought ETH at 1488.
Turned out to be too early but I`m sure it`s gonna come back up eventually.

>>51503506
So have we bottomed yet?

>>51503506
is this usable for ETH?

>>51503855
According to digits yeah

>>51503506
What's the name of this specific indicator? The ones I find are going through the candles or missing them by a lot.

>>51503506
Your hand-drawn shit bends back on itself

>>51502466
Bear market is not over until AVAX is out of the top 100, mark my words.

>>51503506
Still waiting for an update on this chart that goes passed Oct 2021

>>51502466
Bitcoin served its purpose. Time to install the CBDC’s

>>51502466
Why is it we've reached fire sale halfway between the halvings? IT'S BECAUSE BITFUCK IS GOING TO ZERO

>>51504312
>BITFUCK IS GOING TO ZERO
Actually right

>>51504356

>>51503347
Eventhough im 40% down this made me laugh, I'd give you virtual gold if 4chan had such a system.

>>51502490
The copening.

>>51502594
Nice

>>51502594
Retarded take. Bear cycles last longer than one year. If global capital hits a full recession, crypto may never recover, and if it does, it wont be for many years.

>>51503506
That's still astrology faggot. You just drew that with certain parameters at X point in time.

You yourself will have to re-draw it with new astrology parameters at Y time in time.

>>51503506
That's still astrology faggot. You just drew that with certain parameters at X point in time.

You yourself will have to re-draw it with new astrology parameters at Y point in time.

I don't understand why anyone thinks this chart is determining Bitcoin's price. BTC follows the price of stocks, and stocks are down. The market is in a downturn and nothing is changing that anytime soon.

Unless you all think that the magic rainbow chart is determining the price of stocks and the US economy. But you all aren't that stupid, right?

>>51506304
>BTC follows the price of stocks
Not when all the liquidity dries up, and flows from crypto into real assets... the divergence will be astonishing.

>>51502466
Why buy at fire sale when I can buy at firer sale?

>>51502478
Ya, it was bullshit, but I like shorting the stupid bitch. Btc is garbage. Next bullrun just be an alt maxi.
What's funny too is how BNB went harder from the covid lows yet hasn't dropped as much as btc. That's hilarious. Better store of value than btc.

>>51506304
Those charts are mainly crude approximations, with the main assumption being "long term bullish".

They're not completely stupid because whenever it goes to 'fire sale' it's far from a recent top.

>>51506366
bnb is not crypto, just an e-coin tied to an exchange company.
the moment the exchange company is gone the e-coin goes to 0.

>>51506389
Bnb isn't going anywhere. Keep coping.

>>51506389
Also how the fk is bnb not "crypto"? Complete nonsequitur. Has its own chain focused on memecoins amd what goes bat shit crazy in bullruns? Meme coins. Just a fact.

>>51506402
You mean to say "binance is not going anywhere" because bnb is nothing without binance as I said.
Perhaps, but it's not the greatest idea for people thinking of generational long term wealth (decades).

>>51506432
>You mean to say "binance is not going anywhere" because bnb is nothing without binance as I said.
You're not making sense. You could literally say the same shit about most alt coins as most alt coins are tied to some sort of business

>>51506423
Crypto is decentralized and PoW as a counter to traditional government controlled banks. Bnb/Binance is just a single company which can be directly controlled by the US and other host governments. Not crypto but an e-coin just like any electronic asset issued by your local bank.

>>51506458
Yes. Most alt-coins are centralized pieces of shit, e.g. eth after the merge.

>>51506465
>Crypto is decentralized and PoW as a counter to traditional government controlled banks.
"Decentralized" isn't the definition of crypto. What the fuck. So eth and chainlink for instance are not "cryptos" either apparently. Lol. You can't just change definitions to fit your narrative.

>>51503285
>t. log-lines bobo

>>51506478
Btc's supply is highly concentrated and the price is highly manipulated, you stupid maxi. It has some decentralized aspects, but still has heavy centralization too.

>>51506484
Yes. Eth and link are centralized pieces of shit (link more so since it's 60% owned by 1 person).

Your local bank can also issue electronic assets: are they crypto?

>>51502466
a rainbow starts by 0 and ends by 0

>>51506495
speculation without proof. the only thing that can legitimately happen to it is a 51% attack, and it has never happened yet.

>>51506522
>speculation without proof.
Oh yes every bart ever was retail. LMFAO
Also pic rel

>>51506496
No. You can't just change definitions to fit your narrative. Not how reality works. Maxis are mentally ill.

>>51506570
brainlet "journalists", those addresses are the exchanges, they are always the biggest wallets.

>>51506581
It's not my narrative. The original paper of crypto defined it that way.

Besides: if all electronic assets are crypto: are you local bank's derivatives too?

>>51503506
kek, those lines were not drawn with data from 2014. misleading as fuck

>>51503383
kek

>>51506589
So let me guess. All news you don't like is fake? Lol
Copers are so stupid

>>51506668
Shut up. That's literally what's happening. Exchanges always have gigantic wallets because ..they are exchanges.

>>51506602
>It's not my narrative. The original paper of crypto defined it that way.
No such thing. Do you like talking out of your ass? You're projecting btc's white paper to all of crypto, LMAO

>>51506688
Yes. Deal with it, cock sucker of the centralized government-controlled pieces of shit.

>>51506681
You're an idiot in denial. You can't be objective. Literally a normie brain.

>>51506699
No, you stupid fucking faggot. Only the weak try to change definitions to fit their narrative instead of facing reality for what it is.

>>51502466

Kek, and with this last dump to 17k where we wil double bottom we have reached peak bear euphoria. Time to go get some credit cards

>>51506304
>BTC follows the price of stocks, and stocks are down
Completely untrue for most of btc's history.

>>51506789
Chances are it won't double bottom. Shemitah is not a meme. If 18k doesn't hold (wicks are fine), his shit is going to sliiiiiide. Maybe short term to about 16k, but at that point an ultimate bottom to 13k is the most likely (and a giga wick to close the cme gap at 9.7kish wouldn't surprise me either).

By all means dcaing here is not a bad strat. Just pointing out a highly realistic scenario.

>>51506928
I guess we will see whos right in a months time, either way im in it for the long haul anyway so by all means i hope youre right. I doubt the powers that be propping up crypto are going to risk it though

>>51504966
You need to go back to redd*t you gay white person

>>51507585
You will never be a woman

>>51502466
frfr no cap on god mf

>>51503217
Bloody basted sirs, STOP REDEEMING!

>>51506725
Most realistic prediction ITT.

>>51502518

Lol they actually did. Go check it today friendo.

>>51504251
Clever girl

>>51509559
thanks friend *smooch*
>>51503347
nice guess

LMAO ITS OVER HOLY SHIT

>>51502466
Nobody is buying your scam LOL
I can't believe people still buy bitcoin in a bear market so retarded

I sold all above $60k and haven't rebought yet
I will only rebuy when I see a strong consistent uptrend above 25k and 30k
I don't mind buying back in above 30k when it means I have correctly spotted the uptrend that reaches new ATHs anyways

total newfags here...

>>51502466
Rainbow chart only works during a quantitative easing and low interest rate environment. Sorry you had to find out about this to late.

>>51503285
>it didn't go exactly on the line, so tis nigga, you black and smelly god damn

>>51509637
Yeah they need to buy in a bull market. At the very top.

>>51509769
>30k
>calls this a top
Stay retarded /biz/ lol

>>51509638
Stop talking in codes, what's the bottom price?

>>51509825
It can't get negative.

>>51509637
show orders

>>51509857
I literally can't you faggot it only allows me to go back in history by 3 months
If I want more than 3 months I need to file a tax API request

It matters not to me what you think anyways I make the right decisions always because I have a plan and you seem to not have one like most on /biz/ which is why you lot scream and cry over here every time daddy btc sneezes lol

>>51506702
t. brainlet

>>51502490
They will adjust the lines again, as the did before

Is it true I can really can buy nothing for $18500? That seems like a really good deal

>>51502466
It's pretty clear from the tops of this bull market that the rainbow has to curve more for this bullshit chart to even make sense.

for real tho i want my fuckin money back

>>51506191
Dumb take

>>51502466
I don't understand the values on the left side of the chart. Bitcoin isn't 5 dollars right now.

>still believing in crypto
Seriously guys, how long do you think it will take for BTC to hit $70k again? 5 years?

>>51510014
$2030 maybe when 1 usd is worth $.10 2020 usd.

>>51502478
it is September this is expected by anyone who looks at the old stats
>>51502490
again?

>>51502466
according to this data we should be in 'is this a bubble?' or 'hodl'

its owarida.

OP PICTURE IS FAKE
This is the real chart.
Well edited picture op.

>1 BTC = 1 BTC
Holy cope

>>51502466
thx, just fire sold 100k

>>51510161
>>51510172
Jesus fucking christ its real, this is some industrial copium shit. Its really over for Bitfucks.

LOL LOL LOL LOL

*My average cost basis is 50K.

>>51510572
kek
i see the humour in it though, it's basically making fun of itself at this point.

>>51502466
>according to the chart you were supposed to hold through 50k
Good chart lmao.

>>51502466
First time I'm seeing a rainbow that only goes up

>>51510661
rainbows are circular so they have no end nor direction relative to up or down

>>51502466
g-guys?

>>51509606
fucking kek it's true

>>51509606
now this graph will be 'true' forever

>>51510661
this is true. the nature of this shit is either it goes up forever or it fails. inflation is inescapable

>>51503506
>its self-manifested log curve
thats definitely not a log curve, brainlet.the first huge green dildo on the left literally has two Y values. its not even a function lmao.

>>51506614
Total failure at reading comprehension.
Read:
>The top of BTC's log curve had manifested by December 2013 and the bottom of the curve by August 2015. The curvature was set by then.

>that house is in flames and going to burn down to the ground
>I should buy it!
/biz/, September 2022

>>51506725
this

>>51502561
kek

>>51502618
>Now hat is not the case
I disagree

>>51502490
Better start eating bugs then

>>51510712
kek. At the end there's a pot of physical gold.

>>51502466
still not outside the blue!
the generator of these charts has no shame.

>>51510651
At every yellow “hold” are you’d have been off to sell. Just lol at the chart it’s fucking retarded

>>51504149
The curve he posted is the total opposite of hand-drawn. The one you posted on the other hand is a prime example of one of those hand-drawn nonsensical disconnected-from-reality curves which he mentioned. Your curve completely ignores BTC's price action and goes straight through tons of candles. So the shape of it is utterly nonsensical -- your curve has nothing to do with BTC.

>>51504251
See: >>51503285 <-- the price hit the top of the curve and then it dumped. You know what happened after the Nov top. Look at any BTCUSD chart.

where is the purple line?

>>51503383
lol

>>51510712
so there's a color missing?

>>51506921
But it's true now. Most of the BTC and ETH is held by corporate institutions who are using it as another way to diversify their portfolios. Times have changed.

>>51503285
Finally someone fixing this chart. So what I read here is that botcoin will never reach price of 500k dollars. Not even after 2nd bullrun from now

>>51502616
> Didn't realize the CEO of bitcoin was continually taking on new debt to finance operations while issuing absurd amounts of new bitcoin from nothing to make the interest payments.
Cope.
As with all Pyramid Schemes, EVENTUALLY you will run out of people to sell to at higher and higher prices. Bitcoin isn’t an “investment”, it’s a decentralized pyramid scheme.
That’s why it’s much better to invest in stocks/equities, and only have a small portion of your assets in inflationary currency.

>>51503285
Also, is there an update or fix of this chart?

>>51511172
>>51510712
>>51510696
>>51510661
Wouldn't it be ironic if the first people who bought Bitcoin spent pennies and made millions while the last people who bought Bitcoin spent millions and made pennies? Haha

>>51515760
It is true, hence why they're so insistent that people buy and why all social media is spammed by bots claiming "they made X amount of money even during the financial crisis going on".

They're not real people and they're fishing furiously for bagholders to raise the price before they cash out and it falls back down.
In essence, people are giving their money to hedgefunds to short stocks with no payback for their robbery.

>>51512578

>>51516766
>to sell to at higher and higher prices
Doesn't this also apply to stocks that don't pay dividends?

>>51502518
got it

Farming and investment share the same roots; It is the people who do the work, but it is the grace of heaven that makes things grow. Those with a pure mind who believe in heaven will be guided into a bountiful world. The mind always counts more than the loss or profit.

The highs and lows of the trend are the law of nature. The rise and fall of BTC follows the law of nature, and it is hard to identify either the down or up moments while it goes up and down continuously. Those who are ignorant of this rule should not even attempt to try their hand at buying BTC.

Wait calmly when you have missed the perfect time to buy. If the BTC price goes up by $2,000 just when you have decided to buy BTC, you may think you missed the perfect time to buy and it is a better time to sell, but this would be a big mistake. When you have missed the best time to buy, you should wait for the next opportunity to buy.

There are times when just as you have made your buy at the bottom and expected some profit, the price stagnates or goes down slightly. When this happens you think you have miscalculated the market and you regret that you didn’t sell when the price went up previously. But this is the wrong way to think. When you buy at the bottom, you should never sell until the trend makes a shift.

>>51512981
It bends back on itself you retard. And like I said before, my lines were fit to maximize ROI.

>>51506589
>>51506668
and it's thanks to exchanges that price manipulation is possible. https://hackernoon.com/meet-spoofy-how-a-single-entity-dominates-the-price-of-bitcoin-39c711d28eb4

>>51503383
Kek