/biz/ - Business & Finance

>>55290036
The support that held since 2013 (the market has traded it as support since 2015) failed recently. It's now being traded as resistance.

>>55290036
It only has one use:
Suppressing chainlink

Shit at retaining value?

It was worth $10 10 years ago

>>55290056
So what happens now? This can't be the end, right?

>>55290036
If you want a coin that's stable at retaining value, invest in a fucking stable coin.

>>55290056
The line should be adjusted for inflation, in which case it’s far worse

>>55290056
Hopefully we'll crash to 7k so i can go all in.

>>55290036
what the fuck are you talking about retard?

Impatient zoomer

Bear market and FUD.
Simple as.
Nothing new under the sun.
Everyone is aware of these two terms but when they actually live through them they lose their shit.

>>55290036
The tranny mod is an abusing schizo deleting threads and banning people for no reason.
Please report this piece of shit at https://www.4channel.org/feedback

>>55290398
Kys chud

idk

>>55290036
What the fuck are you talking Pajeet?
It maintains its dominance.

>>55290662
It's performing like shit though compared to the stock market. Nasdaq outperformed Bitcoin over the last 5 years.

>inb4 it's le cherry picked dates
I'm a Bitcoin maxi but at a certain point you have to be objective about the price performance

Monero is a better store of value than Bitcoin since it isn’t as volatile and doesn’t go down as much as Bitcoin

>>55290317
Of course not. It'll most likely get back above the support eventually, or rather break through the resistance. But it might take some time, maybe more than a year.

But you should keep in mind that technically BTC could stay below the resistance forever and still go up. Not that staying below it forever is likely. I simply mean that staying below it doesn't mean the price goes down. It would basically be the opposite of what it did until 2022; instead of rising in price while moving around above the support it instead goes up in price while moving around below the resistance. It would just take a very long time until new ATH.

>>55290036
It could be due to pressure from the SEC anon. Now won't be a bad time to ape in on low caps for decent gains.

>>55290358
Are you retarded not to read?

>>55290317
Ask yourself this. What happens to bitcoin when it is no longer the number 1 Crypto asset in marketcap? I suspect many btc holders hold btc simply for the fact that it is the biggest. So once it gets flipped alot of people witll jump ship to the new number one further pushing the btc price down.

>>55291258
You are right Anon!

>>55291258
Well anon, most users invest cause its a store of value. But for the most profits it is best to diversify your portfolio, I do mine with the indices on an AI backed research platform and I've been gaining over the months.

>>55290036
>shit at retaining value
it's worth $26k, how is that bad?

>>55290761
I disagree with that shit Anon. According to TM analyzed quantitative metrics, Monero has higher risk and lower returns compared to Bitcoin

>volatile asset swings wildly between high and low, more at 6 o'clock news with Dan Schendel

>>55291651
lol

>>55290036
Yeah because binance coin is getting fucked and CZ is dumping BTC to save it and prevent an Armageddon

>>55291684
That may cause issues in the market Anon.

>>55291571
Anon, AI with over 140 data points and millions of models tested daily on coins is just my view of a solid trading AI.

>>55291684
Chaos is a ladder as they say bizfag. While BTC is consolidating, chads are making a fortune from shorts. Good thing I use a TM grade and trend indicators for the right trade entries.

>>55290761
Why the fuck would you say that?

BTC runs the show here Pajeet

>>55290036
Despite all the maxi nonsense about economics it basically reflects the value the market place on it

People largely viewed it as a speculative instrument rather than a replacement currency and traded it accordingly. Most people really dgaf about its intended use (freedom from banks) because they actually do want to outsource their custodial risk to banks.

Not really that shocking when you think about it

>>55292110
Developing a trading bot from its API. Hoping it'll be as good as the TM grade.

>>55291621
You're right anon, I even made over 60% gains recently from my sell position on XMR, after spotting a trader grade of about 38% during my analysis.

>>55292218
really not. btc is for anarchic environments, not to make money from fools

>>55292509
*Monero* is for that

BTC started out with that intention but besides not being fit for that purpose, you would also have to be retarded to think it hasn't been largely used for that by the market (which is what determines the price)

inb4 muh hard money, it's totally meaningless when you still have like 50% price swings over a year or two. Safidean is a retard.

>>55292577
xmr has its place, but is never to catch up. There a physical laws and social factors that will keep btc always at the top of crypto currencies, especially after the regulatory bodies fucked eth and other unregistered perpetual pre-ipos

>>55292595
>catch up

To what, number go up?

>There a physical laws and social factors that will keep btc always at the top of crypto currencies

Yes there is, it's called general recognition by the market that it exists. This is coincidentally the only thing that determines its price

>>55292649
Catch up to parties invested in it, not going to happen. btc is also nice society, while xmr is exclusively druggies to stupid to use a mixer
no what I mean is investments in the sha-256 miners as in developing new miners to mine btc more effectively, same as companies that wont at whim just switch to xmr

btc is the lion in the cage, xmr is a flea living in the lions pelt. Better than being a rat like eth that is about to be eaten

>>55292470
Good for you Anon, I'm currently gaining 17.6% on derivatives, thanks to TM sector Analytics

>>55290062
Feels like we're entering this narrative deep.

>>55290036
BTC runs all the shit here

>>55290062
How the fuck do you guys manage to squeeze link into every comment?

>>55293092
Because it's the next big thing

>>55291185
finding the right assets is the real hassle anon. Especially when it comes to low caps cause many would not stand the test of time, alts like Tomi, Ltc and Syn which I bagged using the indices on Tokenmetrics have been performing well.

>>55292307
Tm stands out from the competition because it offers an array of educational resources to assist investors learn about cryptos and NFTs.

>>55292577
Looks like the Digits confirmed you BTC baggies are utterly fucked

>>55291258
Thank god nothing will ever flip BTC outside of perhaps a stablecoin

>>55293331
You are right Anon. Being able to still make good picks with it from this bear market is heartwarming for me

>>55290123
did you buy at $10? No right? so shut the fuck up

>>55290036
it actually isn't

>>55293331
It's fuckin good at research analysis and reporting. Who snoozes on that?

>>55292218
thats because it isn't a replacement currency, bitcoin cash is

>>55293331
Like its portfolio management Anon. It really simplifies everything about crypto.

>>55293719
Only retards would sleep on something that makes taking profitable trades a walk in the park, using trend indicators and quant metrics.

>>55293341
Wtf is this

>>55293073
Fucking annoying desu

>>55290036
There's a new Bitcoin in town. The People's Bitcoin.

>>55291684
Ohh ffs stfu, CZ said he ain't selling nothing, the restraining order by SEC was cancelled. You can short BNB but be damn careful anon, I use a certain AI tool to do know certain entry regions and trade is quite on the greens but I don't hodl past 2hrs jsyk.

>>55296401
That's the same damn thing I heard of GM and Trustless wallet.

>>55293376
Good point anon, Btc still has market dominance as shown on an AI analysis platform and I went in on Ltc recently seeing as it has a strong trader grade as well.

>>55290036
Even with all we're neck deep in Bitcoin szn.

>>55290662
Dominance that's for a fact, but when breakout, pheww.

>>55296968
LTC is a fucking goner.
If I can get Astradao trading index to put up good with every alts asides just Matic and Btc then trust me boy I'll make the cool stash and gear up for the bull.

>>55290036
It's because party is ending. I hope I'm wrong, but recent SEC shenanigans make me feel like this is the end for speculation.

>>55293122

>>55293122
Who's in shorts of Lina with me seeing a good dip it did in the past 24hrs via my AI tool's rating page, getting in with 10x leverage and capital ratio..

>>55297943
You're snoozing on a top tier gem anon. Despite having a TM grade of over 60% and a strong profit factor, the halving for Ltc is closing in fast. It would be wise to accumulate retard.

>>55293664
Only a little bought BTC at that price, few years from now many will wish they bought UTK and GLMR too when its freaking cheap

>>55293331
It also provides deep analysis on Defi platforms and projects before launch for early adoption.

>>55290036
because you literally pay money to have computer nerds turn your money into a bunch of numbers while crypto exchanges and miners laugh all the way to the bank drawing fees and interest off your schizo retardation

>>55290036
If you want to invest in high beta you can just buy NVDA, no valuation is too high for AI. NVDA will become the most valuable company in the world this decade. Doesn't help that CZ is dumping to protect BNB.

>>55299901
>NVDA
literally telling anons to jump off a cliff with you

>>55300005
That's what market bears are doing when they bet against US stocks because of muh yield curve job repots. It's a genuine new paradigm and a sure thing unlike crypto. NVDA has plenty of room to grow.

>>55300023
I mean NVDA is only trading at ~200x P/E. It can easily reach 1000-1500x P/E. You don't get to buy bluechip AI plays like NVDA or even MSFT, GOOG for cheap. nVDA is genuinely cheap right now.

>>55290036
>Why is a ponzi scheme so shit at retaining value?

>>55290036
Real Bitcoin is going up.

>>55290036
>tiger den

>>55291258
If BTC ever gets flipped (aside from a stablecoin), crypto is over, simple as

>>55300867
It will get flipped by cbdc' though

It's valued as much as people put confidence in it and that confidence is eroding.

>>55290346
price is exactly how you "adjust" something for inflation, since every prices changes and adapt in real time, no need to do it twice