/biz/ - Business & Finance

>im bored so the bottom is in
sorry your zoomer brain was raised on cheap dopamine hits but no.

>>52269373

>>52269403
everybody knows about the 6k false bottom which is why they're terrified to get in now

again, last cycle's information is known, you don't get to step back into the same river again. you didn't get to sell a blow off top because it was planned by all. you won't get to buy the "further capitulation from the false bottom".

think about it, you're saying most people will be right about the market. impossible.

We are not bored we are scared you autist

>>52269373
it's simple, really
market can't crab for too long, because not enough gamblers are liquidated in a crab market and thus big boys don't make money
the obvious conclusion is that there has to be a big move soon, and the path of least resistance is currently up

there may well be a nuke to 14k (unlikely), but not before everyone and their mother buys back at 30k thinking the bull is back

>>52269373
>>52269487
Highest IQ of /biz/, tho i did say the same
>>52269403
6.xk was reached like 55 days after the blowofftop and was support all 2018
17k was reached way way after the top

>>52269548
poor people are scared right now, rich people are bored right now

>>52269803
delet this

>>52269373 (OP)
>The consensus opinion right now is dump to 14k then everybody gets to buy the bottom
Your logic has some merit. Certainly not everybody can be right.

However, all those loading up now, become weak hand panic sellers if support breaks, long stops get triggerd, crashing the price.
fear turns to despair.
Baggies cant buy the bottom because they already burned all their liquid funds already.
>why would support break?
stock market tanks more.

Also, i see you..

I'm uying btc for 2000 every month as long as it's at 22000 or below. Up or down, at least I'm on the elevator this time not out wasting cash on liqour and McDonald's

>>52270009
>all those loading up now, become weak hand panic sellers if support breaks
not true, weak hands never buy at a HTF support when the fear is most rampant
the general mentality of those buying right now is that ~14k is a worst case scenario, thus they're willing to risk the downside

it's been less than 12 months.

it's another zoom-zoom posting le bottom is in.

how about you wait a few more months, then give up, the board goes to 2 posts per minute, and then a few more months pass by, then we briefly spike in activity for the 2024 btc halving, then we see the price still crabbing around the bottom, then dumping, then crabbing, then the few remaining ones lose hope, AND THEN the bottom is in.

But you won't be around, OP.

>>52270047
Bottom was 17k you're a fucking poorfaggot or tranny if you think otherwise.
I'm a poorfaggot and even I know 17k was the absolute bottom and we will be at 32k EOM November always kicks off a mini bullrun.

>>52270062
It’s annoying isn’t it.

>bears are fucked

The dow rallied to nearly 33k over nothing

Your implying that the DOW has stopped dumping if you think Bitcoins bottom is in


Now if the DOW was currently 25k or something, then yes, Id be willing to accept BTC is at the bottom

>>52270024
Nothing wrong with DCAing. Long term even 20k will be cheap. And if it drop you keep DCAing, so it will all balance out.

Any long term were all getting rich.
WAGMI

>>52270062
Seething in the face of reality.

>>52269373
This is no ordinary cycle bear market. Did you ever pay attention to a certain Mr. J. Powell? And next go and have a look at the BTC liquidity map.

>>52270062
>November always kicks off a mini bullrun.
lol

>>52269373
>everyone is still bullish
>everyone is still buying a dip
>the day after JPOW told the market to dump it pumped anyway
Yeah bro the bulls are all gone it's a dead market lmao no way but up now haha

>>52270091
yeh, so much downside potential on stocks. Thats what im looking at, and trying to consider macro economics for stock market recovery.

There is no more QE pumping stocks (for now), and they cant without pumping inflation. so they are trapped in a catch 22.

CZ vs SBF is the catalyst to 10k.
The conflict is very similar to the hashwars between RV and CSW in 2018.
Back then people thought it would not affect BTC price, but it did. Two different chains unrelated to BTC, still CSW sold his BTC and the price crashed to half of what it was.

The same is happening now. Exchanges with futures markets, two token unrelated to BTC, still SBF will sell his BTC to cover his losses, and price will fall to half of what currently is.

OP is a zoomer faggot and is in his first bear market.

>>52270242
This ties in with Celsius bankruptcy right?
Anyone know just have many BTC Celsius holds to liquidate? I imagine its a fucking load

>>52270335
Quick google
> Celsius announced that it now holds over 150,000 BTC. as of April 2022

Thats a fuck tone of BTC to dump on the market.

>>52270242
chink vs jew is circus with no relevancy and the celisus case is going to be the zoomers mt gox

>>52269614
even if BTC goes back to 30k, normies won't buy back in
they'll think
>it's expensive
>i will wait till it comes back to 20-25k

with the current 'normie' sentiment
even if price goes up, it will be disbelief
by the time they actually 'want' to buy in, they will want to wait for a '20-50%' dump before buying in, which won't happen, and BTC will be ATH by 2024 ish, that's when they'll start fomoing in for the next bull run

>>52269548
>>52269803
Rich people are bored and scared. Everyone else is euphoric and depressed.

>>52271493
I'm not talking about normies, they're gone and not coming back for years
I'm talking about midwits like >>52270242 who think they're so smart that they'll get to buy the picobottom, when in reality they're just slaves to their greed like mumus were a year ago

>>52269403
You're forgetting that $20,000 in todays dollars is $14-15K in 2018 dollars, so we've already seen the 80% correction typical of a cycle.

The bottom is in faggot. Market has already priced in the remaining 2-3 rate hikes.

in order for someone to comfortably buy crypto here
they need to have a good understanding of >inevitable exponential money printing to pay exponentially increasing debts
>utility of crypto in this world
>the societal shift from traditional systems (finance for example) into decentralized systems (defi for example)

with the current UNCERTAINTY in macro (inflation, war, covid, etc) there are very
>few people who feel comfortable buying crypto here

if you have the ability to buy crypto here
and the insight to do so
you are part of a small % of privileged humans

godspeed

>>52271529
yea the fact that normies are gone
and midwits are trying to buy the pico bottom at 14k makes you think the generational bottom is possibly in

if we pump to 30k
midwits/normies will likely fade it
they will want to buy in 20-25k
by then, we will likely have some new FUD that will prevent them from doing so
watch btc go 30k, then dump/consoilidate to 26-27k and slow grind up
slow grind up is path of max pain for normies/midwits/majority/mainstream

>>52271646
I have roughly similar thoughts
if I had to guess numbers, pump to 29k, then dump to 24k is max pain short-term, while respecting key levels

>>52270062
>November always kicks off a mini bullrun.

November is a sketchy month.
But buying between now and spring 2023 is a pretty safe bet, even if there is some momentary downside. We are at or very near the bottom, and with hindisght, buyers here will be vindicated.

Bottom is just getting started. FTX is gonna go insolvent in a few days. Prepare for the dump.

>>52271583
Based contrarian.

>>52271825
FTX insolvency and market crash would be a double blessing: removes a Kike parasite from the ecosystem, and gives people waiting to buy a fantastic, momentary discount.

It may not happen, the Kikes protect their own, so don't wait too long, the dip may not come.

Gobbling bit like a motherfucker. It's only up from here baby.

Up or down short term, idc. I've discovered DCA after getting rekt like a normie zoomzoom in November thinking I was smart. I think these prices, whether 20k, 10k or 14k, are all good value when looking at this long term. And I'm not planning on cashing out any time soon so who cares if it dumps to 10k. I've already lost so much money on crypto i couldn't give a fuck if the rest disappears.

>>52272004
Zoomie zoom zooms are learning...

>>52269373
>The bottom happens when people get bored,
No. The bottom is in when your neighbors try to break into your house because they are starving to death from the food and water shortages. It's been over 70 years since WW2. You have no idea what the bottom looks like.

>>52272036
I'll buy their daughter for 3.5 LINK

>>52272004
How much do you buy at a time? I do 20% of whatever cash I have saved when there's a crash

TRUST THE MOTHERFUCKING PLAN

soon BTC starts fake bull run towards old ATH of $69,000.

Only then everyone who waited $10,000 or even less, will FOMO in, believing that we're on the new cycle.

The other half will $HODL thinking that we go to $100,000 or something like that,

in january 2023 some kind of black swan event will occur, probably putin launches nukes or this crypto-cex wars will escalate and only then the real bear markets starts, dropping BTC to $6k.

and just like that, a whole generation of bag holders are being made.

however, this forecast will not affect to XRP because it's already separated from the markets, XRP will pump against the markets throughout the whole year.

this is not an financial advice.

They're all waiting for their crash.

They're all ready for it.

They've all figured out that Alameda are insolvent (lol)

They've got the cash ready to buy the bottom.

Na.

You will fucking buy higher.

>>52273934

kek baggie

>>52272598
>XRP streetshitter speaks

You've instantly discredited yourself.

>>52269373
>bored
Ok, fair enough
>despondent and don't see a way up
I think it's 50/50 between people who think the worst is over vs yet to come. I also think just about everyone sees a way up and everyone is waiting around for what the Fed does.
>The rest of you point
Everything is centered on rates right now. Lots of big players especially in crypto are leveraged out of the ass and with liquidity being so low they are very much at risk. See 3AC, LUNA, Celsius, and now SBF/FTX/Alameda for reference.
This market is completely on stilts right now and for you to dismiss that because of a sentiment play seems naive.
In any case, let's look at two scenarios. One with the bottom being in and one with it not.
In a scenario where the bottom is in at some point it will become more and more evident and you can simply buy back in and enjoy the bull run. You didn't get the bottom but you got on the trend. All is good.
In a scenario where the bottom is not in but you go all in you put yourself at risk of bagholding, albeit temporarily, at an unknown unrealized loss and for an unknown amount of time. You could very easily buy in at $20k and it goes down to $10k and crabs there for months on end. You're now starting the bullrun off at a major disadvantage compared to if you had just waited.
If you want to talk about overall sentiment I am seeing way more talk of
>'everyone thinks $12-14k is happening so we're up only now
Than I am of people who are still medium term bearish.

>>52274258
pentoshi, is that you?

>>52270079
>le chud face
Can't wait for you leftcucks to face the firing squads.

>>52274322
No he blocked me when I mocked one of his tweets claiming $40k was the bottom. What a sensitive little faggot.

>>52271583
Based and redpilled. Bears are likely correct in the short term, but in the long term there is inevitable upside.
>>52271646
>if we pump to 30k
>midwits/normies will likely fade it
>they will want to buy in 20-25k
>by then, we will likely have some new FUD that will prevent them from doing so
>watch btc go 30k, then dump/consoilidate to 26-27k and slow grind up
>slow grind up is path of max pain for normies/midwits/majority/mainstream
I can't wait to see the normalniggers seethe bros.

>>52274258
>everyone is waiting around for what the Fed does.

Everyone in the know, aka not cryptoniggers, but experienced/educated adults, has already priced in the remaining 125 bps of rate increases which are to peak in spring 2023.

How do I know this? Just look at the bond markets. These front-run events with a 6-9 month lead.
Oh right, crypto niggers don't understand the debt markets at all and can't find T-bills on Coingecko.

>>52274472
>How do I know this? I've been looking at bond charts for an entire 2 months you see
Let me guess you also only just now decided the bottom was in too, and haven't been bag holding for over a year after missing the top or any of the previous rallies you could have sold into, right?

>>52274175
why?

>>52274855
I missed the November top in 2021 because I was away from the computer.
Then I just didn't bother selling.

Lol, bottom is not in, big dump near end of November

>>52275106

>>52275106
King shitcoin will hit 10k over the next year before it recovers. IF it ever recovers, that is. And it's a huge if. Smart money is all out of crypto since a loooong time.

>>52275226
nigger you literally just learned about DCA
Stfu

>>52275243
Lol usually no one checks previous posts on here

>>52274400
did he actually call $40k bottom? I thought he was a permabear since last November

>>52274969
the duality of niggers
i was away from my computer in june and missed the bottom and never bothered to buy
we're both screwed

>>52275320
I can’t see the tweet because I’m blocked but it was something along those lines.
I remember that little on chain faggot, some literally-who retard called ChimpZoo, and pentoshi wouldn’t shut the fuck about $40k bc muh whales muh on chain muh miners muh institutions muh game theory and whatever the fuck else.
I sold the first time we lost the $40k support and have been in all cash ever since. Still managed to walk away with a good amount of profits in the 6 figures but I’m so sick of permabulls who won’t shut the fuck up, have been consistently wrong, celebrate every single 5-10% move you after a 30% move down, and will be the loudest faggots in the room saying ‘I told you so’ after we finally reverse despite their position already being under water.
The Fed has literally said they will push rates even harder to fight inflation.
Another bear market rally doesn’t mean shit especially right before midterms and CPI.
Don’t fight the Fed.

>>52275278
you're used to zoomers being zoomers

>>52276811
I haven't followed him that closely, but he claims he's been a permabear and macro doomposter since November, only very recently taking a more neutral stance (he still thinks this is just a bear market rally)

>>52275226
>>52275278

The absolute state...

>>52269403
>this happened last time so it must happen the exact same way
One day you'll realize that "this time is different" isn't a meme about things repeating 1:1, it's about human psychology. Pull up threads made during the 3 month long bear flag print that happened that marked a 17k target on the chart. Take a look at them, what was the sentiment in the most obvious bear flag possibly of all time? Bullish.
Now post a thread calling for 1.5k after the 3k bottom was hit. There were countless threads.
Look where we are now. People like you are scared shitless and pulling up every single bullshit narrative that coincides with your bias that you will finally maybe be able to afford one whole bitcoin with your fucking pocket change tier savings account.

Waiting for dump to 14k - 16 buy some and wait for more dump at 13k - 7k to load up more.

>>52269373
B00kmarked