/biz/ - Business & Finance

agreed

Nothing screams late buyer cope more than comparing the first 4 years of Bitcoins life to current day.

>>55686556
Check the 1 Year chart. Engulfing bearish candle. Owarida.

>>55686567
I DESERVE INFINITE GAINS
I DESERVE COLLEGE GIRL PUSSY
I DESERVE A SOCIETY WHICH IS NOT LITERALLY FALLING APART

Such nonsense. The situation is far, far worse now than at the start of the other cycles. I wouldn't be surprised if we never see another ATH again.

>>55686556
Your dumb internet money doesn't become more valuable because less of it is created. A price doesn't change just because you need it to change to be profitable. The price is determined by demand, and changing the supply doesn't do anything to demand.

>>55686644
>price is determined by demand and not supply
the absolute state of /biz/

>>55686671
For commodities like bitcoin prices are set by demand

>>55686618
We will, but these people still going on about % gains in the future being equivalent to Bitcoin going from $1 to $1,000 are delusional.

Nobody left to buy

>>55686684

>>55686684
If demand remains the same and supply decreases the price goes up you fucking halfwit. Even if demand goes DOWN if the supply goes down more the price goes up, which is what happened to cars during "covid".

>>55686556
did this guy unironically name himself Croesus_BTC?
talk about not learning from history, lmfao

>>55686584
best post, truth hurts

top signal, time to take the gainz out.
mumus getting too desperate .

>>55686644
>The price is determined by demand, and changing the supply doesn't do anything to demand.

>>55686556
cope. 4x at best.

>>55686705
why are you pretending supply = mined BTC.
The supply is the millions BTC circulating every day

two years of bear market, they crash this shit while boomers are in the middle of retiring it will be America WW3 everyone vs everyone, so i think it's over.

>>55686556
>headwinds
>tailwinds
hahahaha, just show the brainlet picrel.

>>55686584
(You) unironically do deserve those things

>>55686556
>>55686618
The next 9 months or so anything can happen but in 2024:

>spot ETFs will start getting approved and general regulatory uncertainty will dissipate bringing tradfi in
>fed will start cutting rates
>bitcoin halving
>republican president elected

By early to mid 2025 we will be at crypto levels of value you would have never imagined. Bitcoin for sure. ETH for sure. Probably LINK. Who knows from there.

>>55686556
>posts chart with two local tops from the past
yeah. gongo
>>55686567
the logic is the same
>>55686568
engulfing candles are almost always priced in. it's just a very simple way to scare retail but you'll start to notice that by the time the big candle prints the dump is largely over.
Best or worse case you'll see a 20-30% move on the next period's candle.
There's a bullish engulfing on the 6 month btw same as 2019.

>>55686968
4x from 69k ATH is pretty damn good.

>>55688580
it's not from ATH

>>55688001
>fed will start cutting rates
there are still pivotoors left here
i thought jpow killed all that stupidity already, protip inflation will reaccelerate eoy and in 2024 because no matter what the fed does the government itself spends like a drunken sailor
so another financial disaster will be coming, it would have been better to have seen a crash in early 2023 we might have seen sub 10k btc but at least we would be out of the woods

>>55688580
bottom of 2015 - 165$ -> 20k$ = x120
bottom of 2019 - 3k$ -> 65k$ = x20
bottom of 2022 - 15k$ -> 65k$ = x4 (lmao we are not making any new ATH next bell)
then imagine a bottom of 40k$ in 2024
Then a x1.5 -> 80


At this rate we are going to breach $200k BTC in 2050 guys, BTC is fucked or?

>>55686556
mumu's are literally the peak essence of a soijak.

>>55688001
>republican president elected
that will never happen again in your life time, not that it matters in the long run since it's still just a Israeli interest party .

>>55688882
He literally said they'll start cutting this time next year assuming everything continues to go as it has.

>>55688934
Nobody will vote Biden

Looks like cringe cope. I think crypto is unironically over.

>>55689135
>implying anyone has to vote for Biden for him to get the most votes of all time

>>55686556
Goddamn, finally. I'm really hoping we get another halving although I think it's clear for everyone that each new bull run is giving us diminishing returns. Still hoping the best for my Kava bags though since they could actually do something cool for Cosmos

>>55689393
you can say the same for pretty much any other altcoin dude

>>55686698
literally_me.jpg

It was a weak cycle because covid, that means this one is potentially a golden bull. 2 cycles built up.

>>55686556
This time it will be different

>>55689435
Let's see how this plays out, anons. Got my bags loaded with some promising alts like AstraDao, Trias, and Raca, all under 40m Mcap. Hoping for some serious gains in the near future.

>>55688907
Forget BTC, the real gains are in low caps like RIO, IMM, AZERO, and some epic memes.

>>55687001
BTC circulating everyday can act as collateral. Dumping straight into fiat during a bullrun is pants on head retarded and only happened at scale because of the GOX BTC distribution and lucky fucks like the Winklevoss twins dumping OTC seized auction coins to raise funds. Everything else was just a wax and wane between newly minted shit coins, BTC as a reserve currency, and bullshit stable coins collateralized by the already mined and bought sale of previously mined coins.

You don't understand post-halving bull cycles at all and this is more than you deserve to know.

>>55689135
>assuming everything continues to go as it has
i very specifically called this into question
the massive disflation we have seen this year is just base effects from yoy calculations
when gloval energy heats up again starting in autumn it will then fuck over all supply chains again leading to an acceleration in all core inflation early 2024 and then more fed buttfucking
never listen to what jpow says the past 4 years he has a track record of being a total liar

>>55689393
Fuck, I also have Kava froglet and I'm holding it. Do hold XTP as I think there will be a major listing, but waiting for official news. The Tap app is beneficial to everyone tho.

>>55691177
Based chad, low caps have huge potential for gains. I have eyes on a few like DUA, CAP and RNDR which have been building during the bear market.

>>55688580
its from the bottom not from the top you fucking retard. back to redit

>>55689393
I made decent gains on my Atom and Juno bags back in the day on Cosmos jeet. And now I'm balls deep in web3 gems like Flux, Sylo and Ar for the long term.

If we're shilling our bags in this thread i hold Flare and I'm going to buy Songbird