/biz/ - Business & Finance

>>52933937
1-4k range.

20k then I know bear market is officially over

>>52933937
I'll start dcaing after 12k but wouldnt be surprised if it dumps more, pretty safe entry though I think

8-10k

>>52933937
its over dude, crypto is over, it will progressively get worse and worse, we will fall to 12k, then 10k, then it will keep dumping and dumping from there. it's over this time

>>52933937
Probably when the people I follow on Twitter start announcing they’ve done it as well since they’ve gotten everything else right.
Everyone and their mother seems to think $12k is the bottom now though so either we never get there or we go well below it.
I think we will at wick below $10k and fill that CME gap

>>52933937
3 months after binance collapse, it might get lower than 10k, but probably not lower than k

>>52934000
checked

agree

>>52933937
Not going "all in" till there's some catalyst from US government intervention. Every bear market is basically ended by US money printing

>>52934034
yet somehow you are still here and found this thread

>>52934113
Didn't you know? Criminals always return to the scene of the crime

>>52933937
Buying back? Bitcoin is dead. It had it’s run and now is on its way to zero.

>>52934744
this
/thread

>>52934039
most participants must lose in the markets and twitter consensus is almost always wrong
so dont get your shorts to deep

>>52935005
The twitter consensus was $40k is the bottom. Between all the failed bottom calls, HODLers, and the FTX shenanigans I think the majority of retail is already wiped out. The only case I really see for $12k being the bottom, assuming we get there, is that the 10% of market participants with money to deploy actually get interested at that level

>>52933937
never

>>52935812
yeah like at the start of the year, i mean recently
all the perma mumus turned into perma bobos what does that tell you
really compare the bobo account posts and likes with the mumu ones
twitter is saying crash soon and twitter is always wrong in aggregate

>>52935943
The majority of people left on both /biz/ and crypto twitter are either people who’ve been bearish for a year or people who are desperately underwater.
I still think it’s fucked

I sold at 42k, so instead of buying at 15k~10k~5k and risk losing all my money if we go to 0, I'll wait until things get better and buy at maybe 30k.

>>52936205
biz doesnt count as a sentiment indicator anymore its too compromised
i am not referring to the posters and crypto influencers themselves, they have an influencer business to peddle and run
i am referring to the comments posted on their articles analyses those and see what the outcome is
but of course i am an idiot, twitter is always right and tons of twatters will really buy the bottom and make massive profits as is always the case

>>52936385
I almost bought back at 21k during the ETH merge, so I'm not falling for another bulltrap and I'll wait until things get better for real.

Halving is a little more than a year away, next year third quarter BTC will start its break of previous high so literally buying any BTC at these prices is fucking insane discount. Dont be blinded by the short term news and the retarded everbears.

>>52936444
>btc will break its previous high in a non-QE/ZIRP environment
when retards like you are hanging from ropes and dropping from buildings is when the real bottom is in.

>>52936444
>next year third quarter BTC will start its break of previous high

>>52933937
14-15k.

>>52936444
Trust the plan my laser eye holder
2 more weeks!

Prepandemic levels.

9-8.5k

>>52936503
funny how this post always comes back
>as long as their is even one bullish post on biz we havent bottomed yet and we will capitulate
funny how you werent here in dec 2018

anyways dont believe jpow on his words they will cut and qe again soon enough

>>52936740
>cope cope cope cope

>>52933937
I'm a chart fag so rather than going on a $ amount I'm going based on charting. Based on the last 3 cycles the bottom should be in between march and April next year. It doesn't feel like we've had a proper capitulation event yet. Whether it's the Binance fud if the mt gox sales I still think there's another leg down coming for maximum pain

Unironically never

>>52936935
You don't consider LUNA / FTX crashes as capitulation?

>>52936935
>It doesn't feel like we've had a proper capitulation event yet
the ftx collapse was the largest capitulation in crypto history, do tell what constitutes a proper capitulation in your books

also rather than us trusting your word on it, lets post some charts that point to march april next year will you

>>52934000
We will go back to the levels before the last bull-run. There is liquidity, there is fear and we are close enough to those zones feels like now is the time to take it back.

>>52937421
no it wasn’t. that is not capitulation.

>>52936666
Damn

>>52933937
bitcoin will never be below $16500, mkay?

>>52937489
what was not capitulation about it, certainly not volume or realized losses or ratio there of
so please do enlighten us in your own words what does a 'proper capitulation' looks like

>>52933937
I think BTC is basically dead now, ETH and LINK is all that matters. I am waiting for someone to develop some killer app like defi summer which will spark the next ETH bull. BTC will be flipped.

>>52937912
did you try using ETH and paying the fees?