/biz/ - Business & Finance

>>52903810
Lmao I dont feel pain anymore since 30k

>>52903810
pussy

>>52903810
>delete biz
is it possible to learn this power?

>>52903810
This is worse than the previous bear market.

>>52903810

Second and last leg of capitulation is happening as we speak.

BTC will not reach lower lows than the ones made the 21th of November. Alts are crumbling and falling below record lows.

There is no longer panic, just absolute depression and a feeling that things won't ever recover. This is capitulation.

>>52904259
Aye

>>52904268
So when will the capitulation end? Mid 2023?

>>52904268
Probably true. Not that it matters but the final crash of the last bear market was exactly 4 years ago this week. I just checked.

>>52903844
this

>>52904268
Would BTC going below that lower low invalidate your view?
Bears are targeting BTC at 15k for their initial level.

>>52903810
>>52904268

how stupid are you people to not yet see the patterns? Markets are completely controlled by the fed. We're near the peak of their rate hikes/tightening for this market cycle, so the crypto/stock market is close to bottomed out. You should be buying now and throughout the next few months

As soon as the fed pivots and announces dropping rates, we go back to bullish market sentiment. Bull run lasts 2-3 years and you just need to make sure you sell before they hike rates again. Literally the only thing you need to do is watch the fed

>>52904454

yes it would

>>52903810
You should have sold when everyone told you to but you mocked us instead

>>52903810
This is the first REAL bear market for crypto. And we're probably only halfway through. This can go another -80%. Most will call this the last leg again. Last leg to 13k, another last leg to 9k, and then another last one. And then the final one to 3k. And probably no relief rally will break the previous high. 20k is likely gone until 2024 at least.

>>52903810
I’m going to do what I did last bear market, which is leave here and got to pol for a year or so to read up on what the Jews and niggers are up to.
Best to stay current to that.

I'm gonna live my life like a normie wagie for the next four years and see what happens. We're all fucked.

>>52904486
rates won't get loosened until 2024 at the earliest

>>52904313
True bottom is around here, maybe a last wick to sub $15k this month.
Recovery until the rate hike narrative exhausts and we hit ~$48k in Q2.
Then the narrative changes to unemployment rates and we bleed back to sub $20k

A new bull run only in 2024.

>>52904486
this is wrong for tradfi markets at least, even after the fed pivots the regular stonks will crash because their earnings will drop like a rock because of the depression the fed created which kills their eps regardless of rate cuts

the big gambit we have made is that since crypto doenst have earnings it would move the first on rate cuts, but recent PA suggests we are still tied to the ndx so its seems like we are turning very pink
either way tho summer 2023 is probably the turning point

>>52904532

The economy can only absorb so much pain without going into a depression, They would loosen rates in later 2023 if things get bad enough, which they may well do

Dont take jpow at face value, he's often wrong/lying (see:"inflation is transitory")

>>52904268
People said the same thing about the 17.4k "bottom"

>>52904565
I'm already depressed and suicidal.

>>52904486
>>52904559
I hope you don't actually believe that. It will get a lot worse before it has any chance of getting better. The economy is only just beginning to feel the effect of the rates. Their forecast for the final total rate keeps climbing and climbing. They might have to raise rates to or above the inflation rate in order to effectively get rid of it. What's inflation again? 7% at the moment? And the current total interest rate forecast something above 5%? Nice. Apart from that, it's after pivots when the stock market usually crashes even further. A pivot is not a particularly bullish event when the markets are already wrecked and deep in a recession, but bulls might be slowly beginning to realize that now. J.P. explicitly stated there won't be any rate cuts whatsoever in 2023 and that the 2% inflation goal is not debatable. This will likely be a steady bleed and denial or hope won't change that.

>>52903810
I uninstalled biz a LONG time ago. You should follow suit.