/biz/ - Business & Finance

>>55640734
literally nothing, just mumus being delulu

>>55640734
it was way oversold

>>55640734
these are men

>>55640734
man those chicks are would, would bone anyone one of them

>>55640734
It's always the same. Don't listen to anyone who says this time it's different. Crab, bull, bear repeat.

>>55640734
going back to 15k right now

>>55640734
NGL, that was a great night.

>how do commodities work
enough people bought the supply for sale between 16k and 30k

it's that simple you fucking retard

>b-but muh TA
TA is delusional nonsense, might as well decipher your trades by interpreting the fucking stars

>>55640764
>chicks
with dicks.

Institutions started filling up their bags for cheap with a plan to set up BTC ETFs

>>55640799
You can delete your post but you will always know you publicly posted your lust for 3 men.

>>55640734
some whale decided it was time to pump the ponzi, as usual.

>>55640841
I'm sure that guy whoever you were talking to, realized his mistake, people make mistakes.

>>55640734
White men in 2023 look like THAT?

So now it's been overbought and it will go down?

>>55640734

A major bank crashed, locking people away from their fiat funds. Others, fearful of losing their fiat, turned to BTC. That was the first spike upwards. Then another bank bit the dust.

So now we're chilling at 30k with mumus patiently awaiting another bank death, and bobos hoping it's just a dead cat bounce still descending from previous ath.

>>55640889
>people make mistakes
and it's funny to laugh at them.

>>55640734
Stock market was going up. Crypto price movements correlate with the stock market at a 1-1 basis

>>55641189
To me it's actually concerning that crypto didn't rise even more, as stocks were rising. That tells me that the crypto selling pressure if we subtract the overall market buying pressure indicated by stocks, is still high.
I suspect that all it takes is for the stock market to slow down, before crypto starts falling again. Never mind the stock market actually dropping (which is definitely a strong possibility in this macro), which could cause so much crypto selling that we're back to the lows of winter and even beyond.

>>55641189
You dumb retard the correlation was gone after ftx

>>55640734
16k was first of all only because of ftx
Then there was extreme bullshit priced in, like collapse in two weeks and europe freezing that needed to get priced out.
Also smart money saw the bottom is in and frontrunned the halving frontrunners.

>>55640734
every country on earth devalued their "currency" by 20-50% over a years time.

>>55640734
Ukraine using 20% of all the billions gifted to them to buy crypto for devious purposes.

Whales hunted short liquidations. It's just degen leverage fags attacking each other

>>55641258
People selling stocks does not imply people selling crypto. They already sold it all. >>55641408

>>55641180
>Others, fearful of losing their fiat, turned to BTC.

Are there really that many people with faith in BTC though? You can't even really use it for anything stil..

>>55641739
Actually the correlation looks strong to me. And more importantly, it always goes back to being strong even after dips in the correlation.

>>55640771
Where are we now

>>55640734
It was programmed and Bobos didn't have the strength to keep holding it back, now it's just a matter of time for it to go back up again, and alts will follow, including Arkham

>>55642459
>it's programmed
Literally not faggot, kys

>>55641189
imagine being this dumb while posting on the internet... digital footprint anon, remember that

>>55642459
I truly want to see you idiots getting ultra fucked kek

>>55642027
It's still more valuable than Fiat

>>55642459
Take your zoomie-lover piece of shit out of our thread

>>55640734
Finally some women.

>>55642459

You can't program in a price in USD dumbass

>>55640734
The same thing that 'changed' during the last cycle's bear market pump - just contrast and compare and you know exactly what has to happen next.

>>55644065
You wont get another black swan corona