/biz/ - Business & Finance

>>51612991
It's actually over isn't it

>>51612991
>mfw fell for this and the rhodl memes so i didnt sell the top

>>51612996
i think bitcoin's going to do very poorly, relative to what we all thought
HOWEVER
it will recover faster, harder than before
similar to gold
it is a hedge against inflation
not on a monthly basis, but on the decade basis
so far its likely bitcoin will fulfill this role and when the VIBECESSION is over, people will ask themselves why they didn't buy the stock dip/gold/bitcoin

>>51612991
>that bullish divergence
holy

>>51613013
>it is a hedge against inflation
>not on a monthly basis, but on the decade basis
lol, cope

>>51613013
yeah, everyone's cash is on the sides right now, but when it pours into the markets it will be like a firehose on niggers

>>51612991
stay poor

>>51612991

lol lmfao shitcoin is done.

>>51613041
>everyone's cash is on the sides right now
Yeah, to pay for soaring energy and food costs.

What money nigguh?

Do as always: adjust the grid

>>51613020
Lol poor

why did it limp dick so badly bros

>>51613097
everyone was long

>>51613054
the ghoul charlie from berkshire literally said a few days ago theyre sitting on so much cash because they dont want to buy in yet
retail money doesnt affect the market blackie the big boys do and they are all sitting in cash or holding US treasuries because its safe easy money rn

>>51613097
I don't know why you retards can't figure this out.

MONETARY

TIGHTENING

ENVIRONMENT

All you need to know. It is literally different this time

>>51612991
>mfw fell for the S2F meme

>>51612991
>he fell for a talking hat with laser eyes on the tweeter.

>>51612991
He's already shilling a new indicator to cope with the failure of his shit to flow model.

>>51613013
it moves relative to the innovation of the tech and the state of the market with other macroeconomic factors, bitcoin's price movement is pretty interesting to say the least, but it seems you are correct on it being a hedge against inflation on the decade basis

>>51612996
this was never a thing
predicting price is keynesian cultist shit

>>51613013
>it is a hedge against inflation
no and neither is gold
gold has lost against CPI YOY by a large margin

Actually this is looking bullish as fuck. The green part is always the peak of a pump, then it dumps and the bottom is reached around the blue color. We might dump a little more maybe to $15k but that will be the absolute bottom, in the last 2 cycles we were always pumping by the time it reached the purple color.

>>51613536
Also,

>implying both political parties aren't going to secretly fund groups to do protests and other crazy shit prior to 2024 election

That's gonna pump crypto and BTC HYYUUUGELY. Shit I'm about to buy some more BTC now after feeling the precum squirt from my dick thinking about how many secret things democrats/republicans are gonna fund prior to the election.

>>51613013
>>51613020
>>51613479
>>51613511
bitcoin is a hedge against inflation on a daily basis. when the money supply was inflating throughout 2020, the price went up daily. now that the supply is deflating, brainlets think bitcoin is no longer an inflation hedge

>>51613766
"Inflation hedge" means a hedge against the erosion of purchasing power. The purchasing power of the dollar is still weakening, regardless of fluctuations in the size of monetary aggregates. So no, BTC is not an inflation hedge.

>>51613932
The purchasing power of the dollar is not still weakening, the CPI has been flat for months now and will begin to rise as the fed rate hikes take effect in the market

>>51614007
>the CPI has been flat for months
Lol, no: https://fred.stlouisfed.org/series/CPIAUCSL

>>51614035
sigh, yes brainlet. zoom in on your chart, the past three months have been flat...biz is getting dumber and dumber

>>51612991
Another shitty chart bites the dust

Stop believing in horoscopes, it's news that move the markets, and right now all the news are negative

As soon as Pootin an hero's, we're due for a meteoric rise, and the top will be below the next halving

>>51613536
Congrats moonboi you can read a chart, albeit not very well. There's still 600 days until we pump if we do at all.

>>51614074
Obviously for supply reasons food and energy prices have come down recently, cancelling out other rising prices. Look at the sticky version:

https://fred.stlouisfed.org/graph/?g=TF3L

>>51614194
moving the goalposts now? like i said, the rate hikes will take effect and eventually all variants on consumer price will come down. CPI is a lagging indicator, deflation has been happening for months and bitcoin is extremely reactive to that, just as it is for inflation

>>51613013
Bitcoin is not an asset it is currency, if there’s no proof of concept for spending it then it has no value at all

>>51614281
>the rate hikes will take effect and eventually all variants on consumer price will come down

That's not what you said before:
>and will begin to rise as the fed rate hikes take effect in the market

In any case, the point remains that BTC is not an inflation hedge.