/biz/ - Business & Finance

>>56788965
>2 more weeks
thats how log charts work lad everything looks like that

>>56788965
>they adjusted the gay rainbow chart once again
How many times already? 8?

>adjusted again
>rainbow suddenly turns linear
kek bitcoin is finished. There won't be another bullrun

>>56788965
Its frontrunned right now and in a year the second top is in and you will baghold

>>56789453
the top is already in. we dump until "etf approved" then pump to 37k

months of dumping and then "oh shit halving buy now" pump to like 35k

then infinite dumping to 5k when everyone realizes both etf and halving are complete memes

>>56789506
>t. Missed the bottom

>>56788965
We've been in a bull market for almost a year

The Rainbow chart is an IQ test and people failed it every cycle.

>>56789506
>then infinite dumping to 5k when everyone realizes both etf and halving are complete memes
Heh. More like $100. Then all the way to $0 by 2025

>>56789506
This is the worst case, tho very unlikely like 5%, you forgot the pivot is also coming btw.
5k is impossible

you're sidelined looking for cope, but ur not only sidelined and copeing you're also retarded.

halving is a complete non-event and when it arrives no-one cares the day after. it's all about rate cuts that's the most bullish event with distance.

i genuinely can't make it anymore simple for you. your kinda right but that chart is not the reason it is true.

>>56789533
Yeah this, people ignore that always

>>56789533
>>56789560
insane people
we're still in quantitative tightening cycle relatively small bullrun yes, bull market no not at all.

>>56789557
>>56789600
I mentioned the pivot before, but no, the cycle and what the usa (not the world) does is about of the same importance.
The 2022 dump wasnt only because muh rate hikes, it was to a great part because of the halving cycle

>>56789600
I wonder what some folks think before saying such shit. This is merely speculation that's abstract. A bull run comes after BTC halving. It could be a sol, dua, inj, or gas holder. Kek


These alts have been at their best lately.

>>56789668
>halving cycle

What's your expectation after the halving?

Do you think the market will bounce given the fact that recession is projected during this period?

>>56789771
source?

>>56789668
you shouldn't be allowed to have children if this is not bait

>>56789100
Post an old one

>>56791146
https://web.archive.org/web/20220401065318/https://www.blockchaincenter.net/en/bitcoin-rainbow-chart/

rohmeo is an unsaveable retard
we went below "fire sale" and he argued it was still not invalidated on twitter, so he added:"btc is dead" tier below fire sale.
then we stayed there for months and he straight up made btc rainbow v2

his twitter is pure malding to this day and he somehow became an eth maxi ridiculing "bitcoiners"

It may have been adjusted a few times but that just means they didn't get the parameters behind it perfectly correct. The math behind it is sound and it's correct at a high level.

The only reason it went below "Fire Sale" is the FTX crash and that was a well-timed black swan.

>>56788965
Rainbow charts are useless as faggots high on hopium keep revising them to meet their perceived bull runs.

>>56789771
recession will come sooner

>>56788965
Anyone else not buy anything while the crypto market was crabbing bottomed out for months then decide its a good idea to buy after everything shoots up 100%+ in a month then immediately lose money? I'm just not cut out for this investing stuff

it's so fucking easy
>buy btc
>wait 5 years
congrats you just made bank. rinse repeat while living your life in the interim

>>56789154
>linear
the scale is logarithmic

>>56792874
>Buy btc
>Wait 5 years
>Btc crashed back to your buy in price

>>56792956
never happened in the history of btc
i dont see a compelling argument why this time would be different with the following upcoming bullish catalysts
>supply shocks with halving
>increased demand with etfs
>USD money printer being turned on 2024/2025

>>56789533
ETH gas is way too cheap for this to be a bull market
It's time to load up on eth shitcoin cheapies

>>56789506
some posts are so stupid its a crime their posters dont get perma bans

>>56791146
>>56791792
rekt

>>56789032
FPBP
These models work until they don't. Bitcoin has only sold an illusion of exponential growth.
>tx count stuck bellow 2017 levels and L2s do nothing to compensate
>adoption is linear at best if not random noise from the cycles at this point
>technological innovation surpassed by every remaining 2017 competitor that is still around
>hashrate is hitting the upper bounds of the security budget
>fees steadily climbing
>node count already maxed out
>addresses in use is declining
Now don't get me wrong, I believe cryptocurrencies have some great potential. But Bitcoin in specific is a large financial bubble sustained by the belief that the entire network might be gone if the price doesn't double. That is ultimately the premise of halvenings, increase price or die. We'll see this happen again this April, and maybe even 2028. Invest all you want to satisfy your ape brain. But one cycle, sooner than later, not enough people will buy in. And the network itself will start to see problems.
What then? Do you tell miners to keep mining at a loss? Or investors to stop selling? What is your fucking rainbow worth then?

>>56793024
And what history is there? The entire history of Bitcoin is 15 years, 10 if we're being more realistic. There is no trends to extrapolate from. FED money flows into the economy during the 2010s, speculative assets appreciate. Go figure. Nobody has an idea of what will Bitcoin do when the printers are off.
>but supply shocks
Abhorrent if anything else. Gold production is encouraged, wheat production is encouraged. With any other commodity, the constant flow of supply is an essential part of the market processes. If you plan to obliterate it, there is nothing to integrate, the value vanishes away in the long term. But fair point, the only way for Bitcoin to maintain its price is for it to become an NFT or a similar item held for collection purposes. Not money.

>>56791792
Thats it? You sound like such a giant faggot over such a small chart error, its clearly a good price-buy guide anyway. Neck yourself retard.

>>56788965
Hope so, that way I can add to my 5 SOL STACK (5SS) before it rockets off and overtakes shitcoin, mETH, and the rest of the old news.

>>56792075
tell me more about the math behind it.
t. you cannot

>>56793146
you're smart but you don't see

>>56792847
yeah basically me, except for the buying in after 100% part. Bag holding all the way down from 69k basically scarred me for life. Not sure if I can ever buy again if the bottom wasn't cheap enough for me.

>>56793146
Can't argue with tech illiterate people (you), bitcoin is in a surprisingly good spot right now, all it needs is better storage cost per gb, invest in those companies

>price breaks rainbow
>just add another color bro
And the cycle continues

>>56789154
>linear

>>56791068
>source?
Gosh, save the ignorant from this piece of sh*t. As much as we are grinded and whole in Web3, we shouldn't forget the macro impact on our investment. No doubt, we may likely have a bull run soon, but be smart with your move.

>>56792812
Absolutely. But my curiosity is: how bad do we think this will affect the state of the market then?

>>56792847
>wealthsimple
holy fuck how do you live with the fees?

>>56793854
>says I'm tech illiterate
>refuses to elaborate
I've been in the space for quite a while, but it's a simple observation that the last cycle was pure investorial hype and nothing else. We didn't even double top if you adjust for inflation. How long do you expect this to keep up, if the network already struggling and the gains are getting lower. One cycle a "freak accident" and hashrate will have to decrease. Then the next cycle and so on.
So I ask you, what of your rainbow chart then? It's a model and all models (especially the ones forecasting exponential growth for a century) fail eventually.

>>56793146
>when the printers are off

>>56789533
Its 'only' up 130% in one year.
People have gotten to expect a bull run to be putting $12 in obamanigeriackumquatoniccoin and 2 months later being a millionaire.
Like the old saying goes, no man is a prophet in his home land.

>>56789154
>he doesn’t use log scale
Oh sweetie…

>>56793150
>its clearly a good price-buy guide anyway.

let's look at the signals this amazing indicator gave us in the last 2 cycle shall we?
when BTC was 60k dropping to 47k
>HODL!
when BTC was dropping from 47k to 40k
>Still cheap.
when BTC was crashing from 40k to 30k
>Accumulate.
when BTC was crashing from 31k to 23k
>BUY!
when BTC slowly grinded from 23k to 19k
>basically a Fire Sale

but i hear u ask in ur newfag brain: "when was the sell signal"
>never triggered

if u want to be a true bizraeli hodler be sure to use this chart to roundtrip all ur profits into fucking dust

>>56788965
> Rainbow Chart
because no coiners are getting fucked in the ASS.

Early but nonetheless the panic soon will arrive

>>56796679
... Because the FED money printer driven tech bubble of the 2010s surely had absolutely no effect on Bitcoin or the crytocurrency sector as a whole. This is what happens when people shroud themselves if NgU narratives, they fail to see the bigger picture or the ways in which they might be wrong
>NgU because NgU
>nooo number no longer goes up!!!!
>how could this happen? my hecking model didn't predict this!

>fiat currency
>can and is being printed to infinity

>btc
>only 21m will ever exist

hmm i wonder where i should store my wealth

>>56789753
>folks

>>56799783
Why exclude
>every other cryptocurrency with a fixed supply schedule
>gold
>every other precious metal
>every other alternative financial asset
>every other alternative non-financial asset
Maybe because Bitcoin doesn't end up first on that list KEK

>>56799844
every other crypto is a centralized scam. bitcoin has first mover advantage and the security of the network is second to none

gold
>can't even easily verify it's real gold i'm buying
>if I want to take self custody I need to worry about storing and securing it
>need to transport to a broker to sell

or i can just store and secure my bitcoin in my head by memorizing 12 words

its a digital world now, bitcoin is the superior store of value asset

>>56800070
>every other crypto is a centralized scam.
>source: my ass
Bitcoin has been run by the same group of people connected to BlockStream and DGC. I admit that there are a lot of scams that get flushed out like turd the next cycle round, but that is not all crypto. Nowhere close to it actually. The only reason I can think of why one might believe that Bitcoin doesn't suffer from centralization is because "Satoshi is gone". But oh boy, rest assured no man, especially no smart man abandons a project like this. But even if Satosh is gone (probably living off the ~100k BTC mined after the original mining bug was fixed), there are still people in charge of Bitcoin development. And what makes you believe that Bitcoin's devs and maintainers are any different or special? They are human, have pitty conflicts, leave and return, look after their own incentives.
>bitcoin has first mover advantage and the security of the network is second to none
First's movers advantage is an advantage and can be broken, and 10 years is not much of an advantage in any market economy anyways. And security is debatable when a single government directive can wipe out half of the hashrate. But if you don't believe that, consider that, Bitcoin's security into the future questionable at best. We've already hit the security budget for practically the entire year of 2022. I wouldn't even be surprised if Bitcoin's network security is decreasing if you adjust in the lowered cost of hashes.
>can't even easily verify it's real gold i'm buying
>the amount of people who buy fake bitcoin (CEX) is still orders of magnitudes more than the amount of people who buy fake gold
>implying you don't need to worry about securing your bitcoin
Also, what property you don't need to secure? That is literally how private property works, if it can be taken away it belongs to the public.
>but I memorized it
$12 wrench attack
>implying there is no transport cost and risk for Bitcoin
LOL

>>56789453
Why tell them?

>>56800369
>Bitcoin has been run by
are you fucking retarded?
>probably living off the ~100k BTC mined after the original mining bug was fixed
yes, yes you are fucking RE-TARDED

>refit rainbow every once in a while so it looks predictive
your brain on TA

>>56789547
Even 15K is impossible, but I'm preparing for the leg down to around 25K - 30K by taking profit which I'm staking as stables on SpoolFi

>>56793204
ill never tell you, that would be too ez for you
its 50% math 50% psychology that 99% never understand

no its not indicators

>>56789506
etf is a meme, halving isn't, but both are irrelevant when even governments are buying bitcoin now

>>56789600
If this were the stock market you'd call it a bull market. Its all relative.

>>56793039
If the gas is "too cheap" now when it's hovering around 50, I don't want to know what it'll be like during the bull market (I wasn't around for the last one).

>>56801983
quite the opposite actually
halving and muh el-salvador are memes etf and rate cuts is big

>>56788965
how cant you get it when you post right picture?

>>56789547
the economy continues to crash for at least a couple years AFTER the fed pivot.
you saw the SEC bring enforcement action against, what?, 5? big players in crypto, all at once on the same day.
people like you were saying oh binance will never get in trouble, they're really good and it would be so dumb if the us government burned them then china will be #1 crypto land.
no.
the spot btc etf will never be approved.
the economy WILL crash.
then btc will go to $6k and then slowly bleed into irrelevancy.

>>56801257
I like the yields on this platform plus its autocompounding feature makes it better than most others that I've used

>>56788965
I have a feeling the bullrun will get front ran or back ran though. So either much sooner or much later to fuck over retail. This time will nkt be the same

>>56792897
>>56797621
>>56794357
why use the log scale lmao, it has no real world validity

>>56803875
> Why use log scale
Gee anon, I don't know. It's almost like bitcoins inflation rate is logarithmic or something

bull run only begins when beoble launches, not in two more weeks.

>>56800369

there is so much retardation here its hard to actually want to reply to this in a good faith way. instead i'm just going to call you a fat faggot and good job for making me give you a post you screeching kike retard.

>>56792847
Yup

>>56789557
2017 bullrun occured during rate increasing you stupid meme repeating newfaggot.

>>56789541
The rainbow chart broke down in 2020-2022 and was debunked.

>>56803799
I can't trust the code on most shit. I usually rely on my gut feel on persons in charge who explain their shit to me like a 5 year old.

>>56800369
Dumbest comment in the thread, lads? Can I get a "here here"?

>>56807115
I think this is a good approach. If the leader of a company can't communicate simply what they are doing, it's a sign they don't understand what they are doing, or they don't value simplicity which is also a bad sign

>>56793146
You had a good point, until you mentioned the price.
>Do you tell miners to keep mining at a loss?
Miners will stop mining if they can't sell bitcoin at a profit, which would drive the supply down and the demand up. Even though, bitcoin is fundamentally different from real world assets, it still is an asset, who's price follows basic economic principles.

>>56789453
>Its frontrunned right now and in a year the second top is in and you will baghold
this

>>56808620
hol up it wouldn't decrease supply, less miners means hash rate goes down and difficulty reduces, but the network would still target a 10 minute block rate so there would still be 6.25 BTC entering the supply every 10 mins the same as now

Stock 2 FOMO
Stock 2 FOMO
Stock 2 FOMO

>>56793204
"t." is a signature dumb fuck

>>56808850
That's right, but as the number of miners decreases, miners that keep mining will get more bitcoins for the same amount of work, meaning that they can make a profit by selling more bitcoin at the current market price, than before some miners left, and, in the future, artificially keep the price low, to scare more miners away sell and then sell it at a higher price, as they gather more hash dominance.

>>56808991
>away sell and
Without that 'sell' and sorry for the awkward wording, I'm tired

>>56788965
Less than a year, and now I'm stacking up new solid gems together with my big and mid-caps, now I'm doing more research on IDOs, I partook in Seedify's latest IDO on Plexus; but that aside I'm keeping tabs on Kimberlite's, but right now I'm immersed in their Zealy sprint for a share in the rewards pool.

>>56788965
What should I huy

I can't wait until this whole memecoin bubble bursts, and I don't mean the price halving or something like that, I mean bitcoin going to less than a dollar. Imagine the sheer pandemonium as millions of retards around the world realize they've lost most of their savings.

>>56813133
>I mean bitcoin going to less than a dollar.
Any reduction in inflation is transitory. The US gov't will never stop printing money.

>>56803244
You have to be larping, I have to screecap this to check it in 2025 when BTC will be above 80k.
>>56789547
imagine taking financial advice from this borad when there are retards like this

>>56813133
imagine being this out of touch

>>56813155
Why do people keep posting this wef employee?

>>56813216
Sorry but your 1s and 0s are fundamentally worthless, and sooner or later enough people will realize that (or the pyramid scheme will run out of suckers willing to buy in), and it will all crash to zero.

>>56799074
go kill yourself, no-coiner. what are you doing here, anyways? go back to facebook!

>>56793039
Hell no, I'm better off with RAIL, a top privacy alt that offers anonymity on Ethereum and other EVMs.

>>56812875
Focus on LINK and SUPRA, oracles will make huge statement during the bull market.

>>56789557
>this dumb nigger thinks rates matter
Rates are always zero to negative under debt based fiat

>>56799122
ICP chad vs Avax Turk roach

>>56796349
Smoothbrain.

Money literally flows, monetary expansion causes money to flow almost exactly like electricity, with the "monetary impedance" (how easy an asset converts to money) of an asset determining how fully an asset inflates for a given increase in monetary base. The nominal future price being a product of (monetary expansion/monetary impedance)*(real demand growth). BTC, being low impedance, will grow at the rate of (monetary expansion)*(demand growth), demand will continue to grow because an inverse of monetary expansion without liquidation risk, volatility decay, or counterparty risk is highly valuable, money stock will continue to expand because monetary expansion is the mechanism behind oligarchical parasitism.

>>56792956
>>Btc crashed back to your buy in price
When?

>>56799693
>m2
See: >>56813633

Monetary stock never meaningfully declines.

>>56799844
Crypto-as-tech has no value as the marginal cost of crypto-tech is zero, bitcoin has value because only bitcoin is bitcoin, network effect, not tech value.

>>56792847
Was smart enough to slurp SUPRA during the presale, now anticipating the upcoming TGE

>>56813237
It's a remarkably well-timed shot that captures the bullet exiting the chamber of the pistol, the bullet casing ejecting, and the old man's absolute indifference to the younger person he's intending to shoot. I just like it.

>>56793146
yeah try to take a plane to another country with a bag full of gold bars, tell me how it goes

I'm unironically throwing money into micro caps in the hopes of one 1000x'ing and if it does I'll shitpost on /biz/ about my lucky gamble while pretending I'm a genius investor

>>56814096
Huh, maybe that’s why people idolize people like Obama. Indifference towards whites and republicans, makes sense.

>>56815153
Such as?

>>56813633
what does this mean for TLT type index funds?

>>56813723
They can ban all exchanges because "bitcoin pollutes" or do a 9/11 funded with BTC and destroy its reputation and liquidity. BTC is cool but you tards betting your networth on it are deluded.

>>56817282
It means they'll return less than a shiney rock stuffed up your ass.
>>56817289
Can't. Economic Calculation Problem isn't "commies suck" it's "central planning does not can not work", they didn't ban the internet because they can't, they didn't ban cryptography because they can't, they didn't ban crypto because they can't. They already tried banning impartial units of account and it didn't work, banning BTC doesn't fix anything (for them)

>>56793146
HOLY SHIT I'M NOT READING ALL THAT. AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>>56792847
Just HODL i was like u once

>>56792847
Focus on earning more money to invest.