/biz/ - Business & Finance

And why is that?

>>54203697
WAGMI WAGMI bros I Go all in after BTC poomped for three months straight

what could go wrong? Ill tell you. Nothing.

>>54203697
How do you know this famalongdingdong?

Btw... checkem

>>54203723

Because of obvious macro factors and the fact it took multiple black swans to get us sub 40 and 30k in the first place.

Bitcoin is still way oversold and people think this is a big pump that we are currently on. Price should have never fallen this low in the first place. This sell off the past year was coordinated at the very top.

Grand everest/Tesla selling/War/inflation/Luna/FTX/USDC depeg/Constant SEC regulation fud/Rate/Hikes.

They still couldn't get it to 10k and had a hell of a time getting it below the 30 and 20k range.

Now banks are defaulting, a reverse black swan for Btc. Banks don't have to even all go under. The narrative is already set. Bitcoin has won. They tried their best and failed. Now the US government is in a very tricky situation.

Ban it and you fall behind the rest of the world. Adopt it and you go against the USD which is on the cusp of dying.

Which way will they go? The state of Colorado just started accepting bitcoin tax payments. Hint hint.

>>54203723
The Fed printed $6T during Covid, and in the resulting asset bubble bitcoin went from $8k in March 2020 to $60k a year later. The Fed just committed to printing $4T to bail out banks and control the yield curve. People thinking their just gonna let SHTF lmao they will continue finding new ways to print money and kick the can down the road a little longer.

There's no utter capitulation, despair, gnashing of teeth, and mass suicides yet so I'm still waiting.

>>54203823
>Bitcoin has won. They tried their best and failed
No, they haven't started yet. If they wanted BTC gone it would be. People could still trade it, but you couldn't exchange it for anything of value.
Verification not required.

>>54203858
You'll suicide when you see it mooning, like the majority that follow bearish midwit retards like capo

>>54203911
Yeah I don't know or care who that is.

>>54203896

I just told you why they can't. It would literally require a joint effort by ever world government now.

It's too late. Bitcoin is a massive opportunity of future power for countries that adopt it and hoard it early.

The president of El Salvador will go down as a national hero for them in the decades to come. China and Russia have been covertly stock piling as well. The US has their hands tied behind their backs. Full out adoption is coming under the guise of regulations.

>>54203858
Thats because the media hasn't let rip the inflation news... yet.

>>54203697
What I love about you is that you never get tired of dreaming.

>>54203823
>multiple black swans
talebtard. ignored.

>>54203697

>>54203987
They just have to close the on/off ramps with regulations. I guess it depends who Satoshi is, it's always bugged me why it's a secret. Russian or Chinese maybe?

Who cares. What it’s gonna do a 2x lmao.

>>54204128

Whoever closes ramps and bans risks falling behind though.

Ofcourse they could successfully do it together if they wanted or could work together in the first place but that's like saying we could get rid of all the world's nukes if all the governments worked together. It's not happening because everyone is always jockeying to be in position for more growth and power.

>>54204128
>Close on/off ramps
You are retarded, but please go on. How are they going to do that?

Inshallah friend

>>54204128
>Who is Satoshi
What is SHA-256? Where did it come from? The question answers itself.

>>54204141

Green digits here.

>>54204260
We know who had an influence on it for sure. I suspect most have moved onto other projects by now. The original white paper is far different than the current clusterfuck we have today.

>>54204316
Bitcoin was a government program. Satoshi Nakamoto project was a SAP. It ended. They probably don't even have the original keys. Everything was destroyed when the the project ended. Tor has a similar history.

The crypto market is fucked. Even if the fed pivots and drops rates back to 0% to 1% (the only circumstance where crypto bull runs ever occur), none of that money will come into crypto.
Think about it. Banks and lenders were warned by the fed, fdic, and occ back in February that the whole market was subject to the solvency of dubious stable coins. They were warned that they had better practice due diligence if they wanted to gamble customer funds in crypto.
Now we get the “crypto bank” collapses, where it’s the banks with the most crypto exposure being allowed to fail and Biden talking about punishing the management of those banks for reckless speculation.
You’re blind if you think any institutions are coming back anytime this soon.
Even normalfags aren’t dumb enough to buy in. They’ve seen only news about crypto institutions failing and they know there isn’t any fdic bailout for them. They also have been told that this whole bank crisis is crypto’s fault.
Keep trading crypto, by all means. Keep buying your digital Fun Factory tokens if having a lot is your life goal. But it’s now time to put away the idea that investing long term in crypto is going to bring anyone wealth in terms of fiat.
It won’t happen without capital flowing into the space. There’s none coming.

>>54204141
Yea but if it’s anything like usual it drags alts eventually with it and you will get many 10-100x opportunities there

>>54204385
Agree. If they did have the keys still how much power would that give them?

>>54204422
>midwitt
>tldr
Explain what just happened with Circle and BNY Mellon.

>>54203697
its going to crash at 29k when everyone sells because they know retards will hold to 30.

oh, my source? It came to me in a dream. I am the chosen one.

>>54204448
I believe Satoshi's original wallet has 1MM BTC that has never moved.

>>54203858
that'll probably be this fall
idk why october-november really is spooky season

>>54204422
Checked but banks were never the ones buying in to begin with, so why should them not being allowed to play make a difference? All of it is fueled by VC and corporate capital spurred by low interest rates.

It’s very simple. Things like tech stocks and crypto do well with low interest rates because their entire value proposition resides on future outcomes. When interest rates are low, money is cheap, and those things are strong asset classes because they can easily survive into the future on cheap money, making it way more likely for them to reach higher and higher valuations.

When money is expensive, valuations suffer because their risk goes up dramatically.

Crypto isn’t going to all of a sudden not be a massively bullish asset class in a market with low interest rates, because the truth has not changed about it.

And need I remind you there is lots of capital outside of the USA

>>54203823
>>54203723
>>54203697
Remember to adjust for infaltion, boys.

>>54204491
Most of what you said agrees with me and I don’t think you understand why crypto being shut out of traditional banking is fatal without strong regulation around stable coins. And if that happens, it isn’t bullish because you aren’t going to see billions worth of Tether materialize to fuel rallies like this anymore.
The crypto market hasn’t changed, no. It’s a scam and has been for a long time. It’s an ingenious, self-replenishing pump and dump and that’s exactly why it’s great to trade and bad to invest in.
In the end, the capital-rich 1st World countries will weaken crypto enough to tame it, the liquidity will be gone, and it will be a lot of poor brown people holding the bag.
I’m not telling anyone to sell immediately. Just take profits now and then and diversify into assets that will bring long term gains. Or learn to trade and let the baggies worry about where the tops and bottoms are or wen bull run start.

>>54204735
You guys need to stop. Circle now has it's funds in BNY Mellon, a GSIB. They can't close fiat off ramps at this point. It's over.

>>54203987
>just fly to moscow to cash out and then fly back to the us with a suitcase full of rubles and exchange for usd
It’s that easy bros
They can’t stop us

>>54203697
As predicted by AltcoinistDAO, Bitcoin is closing in on a third impulse wave. we have seen the bottom

>>54203697
indeed.

>>54203858
"this is a sucker's rally"
"this rally will fail like the others"
"disbelief"

>>54204422

"Being told it's crypto's fault."

That's bullish you utter retard. Normies won't fomo until number goes up regardless as always.

>>54204128
Satoshi already came out.

>>54203697
No, you're supposed to put the boom boom on the zoom zoom and watch her coom coom duh.

Will I make it with 2.5 BTC?

>>54205926

Yes. Too many wealthy people will be flocking in soon. Simple supply and demand issue. 1 bitcoin will be as valuable as the next multi millionaire is willing to pay for. Marketcap won't really matter at some point.

>>54204422
Did you see the total market cap is growing? If the money can't come into crypto how is this possible? Enjoy your narrative normie.

>>54204128
Hungarian.

>>54203724
look at december 2020