/biz/ - Business & Finance

>>57381666
Bitcoin died in November 2021 when it dumped hysterically on the biggest nothingburger of the 21st century: Evergrande.

>>57381666
Once Bitcoin's death really comes no one will believe it

>>57381677
You know it only dumped because the pump and dump was over right? Evergrande was just an excuse.

>>57381666
I'm convinced bobos are wrong on purpose, to give us something to easily defeat and cheer about.

>>57381678
it won't happen in your lifetime

>>57381684
How is that different from what I said?

>>57381694
Because Bitcoin didn’t "die". It has almost always had dumps on hysterical reasons. Remember may mania dump reason? Elon tweeting about bitcoin energy reason. No, just another excuse to finally pull the rug and make it look like it had a legit reason. Bitcoin didn’t die then either.

>>57381666
>My ponzi will never collapse

>>57382037
>Because Bitcoin didn’t "die".
Sure it did.
Crashing from ATH on that complete nothingburger, with no recovery to this day, completely shattered whatever value retention delusions people had about Bitcoin.

>>57382058
Seething and sidelined

Bitcoin died with segwit.

>>57382047
>so what if he's rich now, he just got lucky

>>57381677
It dumped because the US we’re raising rates you spastic

>>57382175
lmao no, that came in at least a week after Bitcoin had already toppled.

>>57382175
>we're

>>57382197
Insiders out first, so? Crypto is insiders vs retail. Just buy low sell high and don’t be a sucker for distractions.

>>57382265
>Insiders out first
Imagine saying that like it's a good thing

>>57382369
Implying that isn’t the case in every single market. Buy low, sell high. Stop whining.

>>57382398
Apparently not, since stonks recovered big time and crypto is still languishing even when participants from other markets just jumped in.

>>57382058
>shits on your retarded gorilla nigger argument

>>57382434
>my money is gone, but at least the hashrate is up!
lmao

jej

>>57382439
>investment in the asset keeps increasing by the day
>it's dead
>it's useless
You are either brown, or below average IQ

>>57382443
see >>57382439

>>57382444
Your money will come back, you and other nigger cattle will invest at the top of another mania, and then call the asset a scam again.
The cycle of retardation never stops

>>57382451
>Your money will come back
whoa, it will???
Thanks, future bro!

>>57382453
>hash rate hits ath every few days meaning large amounts of money is invested in it
>Boomer etfs keep accumulating while price goes down on market selling jews
>retards sell their bitcoin while whale wallets increase their holdings
I'm not from the future, i'm just not retarded

>>57382465

Bitcoin is just another pyramid scheme obfuscated to the point you can't identify the ringleaders, but in the end it's the same shit.
Value increases because retards are buying in, paying those who came earlier. In reality BC doesn't have any actual value. The moment the big dogs pull the rug it will cascade down to nothing and millions will be holding their bags.

>>57382465
>>hash rate hits ath every few days meaning large amounts of money is invested in it
Which makes Bitcoin's atrocious price action even more atrocious.

This time is Le Different

>>57382469
Those miners will either go bankrupt triggering a selling spiral catalyzing a 51% attack possibility on mining, or the price goes up because there's actual demand to not have your asshole ripped open by inflation and government limitations.
Which one is it? we'll find out, i bet it won't die.
>>57382480
which makes you even more stupid to not understand that once supply liquidity dries up you'll start seeing green 10k candles

>>57382175
>>57381684
All of the initial dumping happened during asian market hours

>>57382427
Crypto is up almost 3x from the bottom. Buy low. Sell high. Stop being retarded.

>>57382494
No one said it would die. I'm positing that the ever increasing, parabolic hash rate increase could have negative consequences on bitcoin price.
It's naive to think the halving magically raises the price, without question.

>>57382519
>I'm positing that the ever increasing, parabolic hash rate increase could have negative consequences on bitcoin price.
I don't know how to tell you, but that's an extremely retarded take on too many levels for me to even address thoroughly.
Either it dies on miner death spiral, or it goes up, there's no going around that other than manipulation by big players letting miners run on a loss by paying them with worthless dollars to produce blocks for them so they can suppress the price until other free miners are left bankrupted.

>>57382494
>once supply liquidity dries up you'll start seeing green 10k candles
lmao, two more weeks?

The hashrate has been printing ATHs constantly even since the Nov 2021 crash, you retard. It means absolutely nothing about anything.

>>57382728
>two more weeks?
Just wait, yes it's a matter of time
>The fact that more bitcoin miners pop up, and the already established ones expand their business means absolutely nothing about anything
I'd hire you as a market analyst

>>57382745
>>The fact that more bitcoin miners pop up, and the already established ones expand their business means absolutely nothing about anything
Well no, because the hashrate kept going up and up and up during the ENTIRE bear market.

>>57382756
So what does it mean?
Can you use your logical deduction?

Let's say you have a chicken coop, let's say that the price of chicken goes up in summer and down in winter.
You sell the chicken in summer, make a fuckload of cash, then expand your chicken coop into a farm using the summer's profits.
In the meantime you find a private chicken buyer that will buy in bulk your chicken at a fixed price not affecting the market volatility, this buyer later sells the chicken at a higher price once your chicken are all out of the market effectively creating a monopoly.

Do you understand or are you highly melanated?

>>57382793
>So what does it mean?
For the price?
Nothing.

>>57382798
>i'm a retarded gorilla nigger

>>57382805
Anon, during the ENTIRE bear market (and even before it) the hashrate has done nothing but go up.

If anything, increasing miner activity just means more inflation and consequently pic related.

>>57382828
>chicken, summer, winter

>>57382058
>value retention delusions
You are the only imbecile having them, for all of us it was pure speculation to bank profits and it still is (never died, you moron)

>>57382978
>for all of us it was pure speculation to bank profits
Same with the stock market.

>>57382465
this is well reasoned

>>57382793
are you bullish or bearish im too low iq to understand but you seem to be the smart one so im following you

>>57383802
I am undecided tending bullish, i'll start being bearish if we break 32k at which point the bull market is officially over for bitcoin, but i see that possibility highly unlikely.
I've been entertaining the possibility for the last 2 years that this time we're going to have a left translated cycle, meaning we hit all time highs on the left side of the following 4 years, so before november.
I was thinking we'd get there before the halving while having the halving as a sell the news event, but the chances of that are now more of a 50-50 after we broke the 40k level.
I think we're going to crab or retest 32k worse case scenario then resume the advance in mid february with further explosive growth.
Early february we might have further bearish euphoria and dumps.

>>57383802
>you seem to be the smart one
Yes anon, the faggot claiming a rising hashare is good for the price is the smart one lmao

Protip: the hashrate was climbing all throughout the 21-22-23 bear market.

>>57383911
When hashrate climbs it means money is being invested, if money is being invested, it means someone did some calculations and expected returns, if there are returns expected it means there's demand, if there's demand price goes up

You're a subhuman negroid

>>57383987
>When hashrate climbs it means money is being invested
Bitcoin dumped from 65k to 15k as the hashrate was climbing at the same rate as it is now.

>>57383999
And money is being invested still.
You know these miners are running a business, they think in the span of 10 years not 1 year or 6 months of profits.
What how does this not enter your chimpanzee skull?

>>57384015
>And money is being invested still.
With zero effect on the price still.

The only thing they're doing with that hashrate is causing Bitcoin supply inflation, which accounts for 95% of mining rewards to this day.

>>57384063
>diversity hire adhd zoomer needs immediate stimulation
retard
>supply inflation
We have 900 bitcoin mined daily at the current price, around 3-4000 being dumped on market daily in the last week, 6100 being bought daily by OTC desks of ETF issuers. half of those 3-4000 being dumped were FTX's which has already exhaused their dumping.
Now what happens if around 6000 bitcoin are bought daily?

>>57384104
>price
hash rate*

>>57384104
Yes, FTX running out of BTC to dump is bullish.
The hashrate is not.

>>57383999
Checked.

And also some people misunderstand what bitcoin halving means. It doesn't mean bitcoin halves and prices double, it means that the rewards to bitcoin miners is halved, meaning less bitcoin supply for them. The total amount of bitcoin still goes up, but less than before. This has the most effect towards bitcoin miners, making them less profitable.

>>57384130
Hashrate goes up, security of bitcoin goes up, demand goes up.
Hashrate is what makes the value of bitcoin, the only money in the world backed by work after the reichsmark.

900 bitcoin a day is a pathetic amount, and even then the supply inflation has almost reached its cap

>>57384158
>Hashrate goes up, security of bitcoin goes up, demand goes up.
"Demand goes up" he say lmao. Is that why Bitcoin dumped from 65k to 15k while hashrate was skyrocketing?

>>57384141
>it means that the rewards to bitcoin miners is halved
Yes, but only the inflationary rewards are halved. User fees don't get cut.
But even after three halvings, over 90% of miner rewards come from inflation.

>>57384202
Bitcoin price went down because speculation bubbles have an euphoria phase and a panic sell phase.

If bitcoin were to follow a perfect value increase without bubbles, it'd be 30k right now, and it would have been 12-15k through 2021.
Hashrate skyrockets because entrepreneurs recognize there's massive profits to be made in the bitcoin mining through investment in it.

Demand of 6000 bitcoin a day by boomers isn't high? are you smoking pot? If it keeps up at this level either price goes up, or they'd slurp up all the liquid supply in 18 months.
The supply would be ZERO, which means price would be infinite at the same demand, you could ask anything for some bitcoin.
Since this is an impossible scenario, price is mathematically supposed to go up massively if this demand stays constant

>>57382158
based and redpilled

>>57384252
>Bitcoin price went down because speculation bubbles have an euphoria phase and a panic sell phase.
Exactly, and the hashrate didn't change a damn thing about it.

>Hashrate skyrockets because entrepreneurs recognize there's massive profits to be made in the bitcoin mining through investment in it.
Sure, but these investments are never long-term, considering the lifespan of mining equipment.

>Demand of 6000 bitcoin a day by boomers isn't high?
lol what?
It's absolutely high.

>>57384281
so have you abandoned link shilling for now? have you capitulated perhaps? I see you making multiple threads about BTC instead of your favorite shitcoin

>I-I-it’s different this time
>no one can possibly make money and be successful
>everyone must be a loser like me
>you’ll see, the market will crash for good this time
>billions must sell

>>57384281
>Exactly, and the hashrate didn't change a damn thing about it.
pic related, hashrate is the only and sole reason why it's going perpetually up, no it's not because it's a chuck-o-cheese pet rock

>never long-term
>setting up an entire farm of equipment and workers is short term

>It's absolutely high.
That's current demand for you, and it's all OTC while other jews are selling on market

>>57381666
>All Bitcoin deaths in the last year

>>57381677
It dumped because of the SNL episode with Elon Musk

>>57384298
excuse me?

>>57384319
>>setting up an entire farm of equipment and workers is short term
Buying asic miners is.

>while other jews are selling on market
Source?

>>57384363
>Source
Source the price action shitting itself since the ETF launch

>>57384386
kek
Grayscale still has half a million BTC today. They have no incentive to market dump at all, quite the opposite.
The people doing the dumping are miners, whales, and retail; aka crypto itself.

>>57384363
>>57381562
what? you don't recognize your own thread?
so tell me, has LINK stopped dominating your whole life?

>>57384451
How is that thread even remotely about Link?

>>57384461
it isn't
you're a known LINK shill, so, what happened? have you capitulated? are you focusing on BTC now?

>>57384478
Enjoy your fried brain

>>57384484
kek, not my fault that you're always sticking like a sore thumb

>>57384419
>They have no incentive to market dump at all
I spoke about FTX liquidators retard, their incentive is repaying for the stolen money

>The people doing the dumping are miners, whales, and retail; aka crypto itself.
pic related, just retail, you're a subhuman nigger cattle

>>57382175
>lowering rates will be bullish

>>57384541
>FTX liquidators
FTX ran out of Grayscale Bitcoin to dump ran out yesterday at the latest.
Did you see what happened today?

so do you see a common pattern emerging here?
the entire board is always shitting on you, no matter what bullshit or angle you're trying to use, both in your shitcoin echo chamber threads and in here
contemplate on that

>>57384592
It corrected, and adapted and is looking for a bottom after having all that supply dumped in very few trading days?
>zoomer thinks price adapts instantly

>>57383911
you had your chance, were unconvincing, you are too emotional

>>57384621
It dumped, is what you were trying to say.
Remember, boomers are buying 6k Bitcoin per day like you said, with FTX no longer dumping anything to counter this "high demand" like you said.

>>57384671
>when you have to explain the negro the difference between market and OTC for the 10th time and he still doesn't get it

>>57384141
it means less selling pressure first and foremost

>>57384689
>the difference between market and OTC
You have no idea who's doing either. You said FTX was market selling, but that doesn't explain the big fat dump after FTX ran out of GBTC to sell.

>>57384705
Liquidity dries up, further sell find no buyers, market dumps.
subhuman.
>in the meantime
OTC desks are forced to sell at lower price, whales accumulate OTC, retards sell, mongoloids like you come out to scream bitcoin is dead and sell
>who is doing it
i don't care who

>>57381666
Why do you retards insist on something so fucking slow and shitty?
I'm really asking.

>>57384721
>Liquidity dries up, further sell find no buyers, market dumps.
aka "it dumped".
Without FTX selling, and with the ETFs buying.

Meaning the ones doing the dumping are crypto's own.

>>57384740
>nigger needs to be told what's OTC again

>>57384689
jesus just give him a break, he's already been thoroughly embarassed

>>57384745
You have no clue whatsoever who's doing OTC or not.

>>57381666
This time is different.

my node will outlive everyone in this topic, including myself

>>57384754
>ETF buys 6k BTC a day
>whales accumulate
>price goes down
>uuuuhhhhhhhhhhhhh where does this btc come from?
retard

>>57384766
>where does this btc come from?
lmao who asked this?

>>57384740
>>57384754
holy fuck you are the dumbest nigger of the year so far

>>57381666

>>57384773
>>57384773
bro are you serious
>you cant tell whats OTC
>presented with obvious explanation for OTC
>NOBODY ASKED HOW ITS OTC

i mean what the fuck, this is retarded even for you

>>57384541
>I spoke about FTX liquidators
btw, FTX was disallowed by the courts to "market dump" their Grayscale Bitcoin.
The court order required them to adhere to "price limitations" set by four different parties, including the debtors.
Market sells are inherently without limit.

>>57385003
>>presented with obvious explanation for OTC
lol where?
He (you) only speculated based on the price action that grayscale must have been market selling. And it's objectively wrong, as it turns out.

>>57382476
imaginations value is unlimited anon

>>57381666
I think it's time to look at other coins

>>57386208
well I'm also confused, do you have any suggestions

>>57386223
I was also very confused, but you might want to take a look at this, it seems to have a bright futurehttps://twitter.com/larryllamatoken @larryllamatoken