/biz/ - Business & Finance

it already did, from 50k to 49.8k

>happened once because of the pandemic stock market crash
>"""historically"""

I could see it dumping as low as 35k. Later this year will be golden bull run though.

That happens because some miners become incapable of profiting with emission rate cut in half and thus are forced to dump all their bitcoin and sell a ton of mining equipment which is a self fulfilling act

But if Bitcoin is 70-80k just before the halving date, miners will be fine and won’t need to dump

I know this is biz but none of these dumps matter if you just hodl to early 2025. You shouldn't be thinking of trading right now.

>>57582927
why?

>>57582515
Just sell a little bit and buy back the next time you see pink Womack’s

>>57582515
I know its gonna be dump soon. They pump it so we got that euphoria for a while. Read it on an article in twitter and beoble about the DUMP right BEFORE THE HALVING. I believe this february will be closed with a red candle.

>>57582980
Yeah I saw somone say the same thing on funnyjunk.com

>>57582980
bitcointards getting the red dildo

>>57582980
That's so high level schizo shit but this is what the bitcoin community is like to be honest

>>57582980
PUMP PUMP PUMP BUY BUY BUY

>>57582545
It happened for every single cycle since Bitcoin inception
>>57582558
I agree
>>57582927
That's what I'm planning to do in any case
>>57582951
I don't have the balls to swing
>>57582980
Yeah I'm afraid that's the case sadly

So to recap, we either go into a new paradigm which is highly unlikely or we get a huge dump followed by the golden bullrun. Not bad overall but fuck the tunnel people nonetheless.

Everyone expects it to happen, so it won't. Isn't that what you all say?

>>57582980
Is nobody going to point out the obvious? This anon is a PAJEET. Old biz would’ve been all over this guy and ripping him to shreds. Instead he gets a bunch of you’s and is being praised for his opinions? It’s unironically over. Also I implore you all to go back immediately

>>57583031
meanwhile, in the real world...

>>57583162
we dumped to 38.5k, THAT was the dump.
sorry you are sidelined but were going to 60k BEFORE the halving

>>57582951
>pink Womack’s

>>57582515
Historically, BTC never closed above the 61% fibo retracement of the move down, and yet here we are.
Things are always the same until they are different. I sure won't swing trade for a possible -15% and watch it leave me in the dust instead.

>>57582927
Thank you Gongo Up man.

What does "halving" mean? honestly don't know

>>57583710
finally someone with a brain.

>>57583195
That could be a possibility as well ngl
>>57583223
That's no news on /biz/ sirs
>>57583287
I hope so. I mean, I don't hate making money do you?
>>57583710
>I sure won't swing trade for a possible -15% and watch it leave me in the dust instead
Same, fren
>>57583893
Lurk moar

>>57582927

>>57583893
Google is your friend.

>>57582515
The demand is much more substantial and steady now than in previous halving cycles. Any miners who evacuate BTC due to reduced rewards will see their supply absorbed without a hitch. They are no longer big enough to move the price in a substantial way.

Expect BTC to pump big time this week.

>>57582927
I love George. He is very down to earth. You niggers back off!

>>57582927
>GONGO

>>57582515
It literally hasn't besides one time lmao

There are 2-500 million pouring in every day from ETFs, who the hell is going to dump? It's just asking to get left behind for slightly more returns. I could see if the ETF buying dies down in march, but even then if it keeps going up at this rate we might hit 60 or ATH by then. That would mean plenty of ETF buyers already got a +50% (at 60 if they bought ~40), ignoring all the other buying that would occur with BTC nearing/surpassing the ath.

It's possible but require some pretty significant news occurring or some significant shift from what's going on now, which is certainly possible, but apart from that and it happening soon I don't see how BTC doesn't hit 60 then even ATH much sooner then people expect. I'll be keeping an eye on the etf flows for sure though.

Another thing w/ dips from now on, I wonder how many ETF buyers have a certain % portfolio allocation. It stabilizes it up and down. If btc goes up 50% they sell to rebalance their portfolio to maintain proportions. If it goes down they'll buy more to maintain the proportion. Anyone doing that is like a guaranteed support of the price. Not sure how often rebalancing occurs though.

Then get ready to back up the truck and load it to capacity.

>>57583162
Fuck off mass replier

>>57586052
Why?

>>57582515
wasn't that what the drop from 50k back to 40k and then back up to 50k was? I too am fudding the fuck out of myself and feeling like this is way too good to be true.

>>57586725
Call me what you want after what I'm gonna say but for me ALL that matters is the rainbow chart, the rest is only background noise. I'm probably a simple-minded brainlet at the beginning of the bell curve but if I'm right, then there's a dump near 30K on that chart.

>>57582545
>>57583710
>>57583999
>>57584769
>>57585883
>>57585957
>this time it's different

>>57585957
Volume for today, just blackrock is up 139% probably inflows of 6-700 million... its just going up.

>>57586842
to be fair it could be different due to the ETFs and major financial institutions buying in, which has never happened in previous cycles

>>57586859
you know what if you think black rock is a big deal i'm going to drop some knowledge on you

What would happen if before the halving bitcoin reached a new all-time high?

>>57582527
>no digits
It's over

>>57585957
>There are 2-500 million pouring in every day from ETFs, who the hell is going to dump?
https://blockworks.co/news/genesis-offloading-gbtc

>>57587023
That's people going through a bankruptcy not choosing to dump, will probably impact the price but depends on when it hits. (They also asked to do it in kind which would be nice so there isn't selling but I doubt that will happen)
At the current rate of inflows it's just like 2-3 days, curious how much it will build up before they sell. When greyscale was selling the inflows were much lower on the other ETFS

This time is different (unironically) because of the ETFs

>>57582515
fuck history and inject this pump into my fucking veins.
hopefully, alts will follow, especialy those on SUi.

>>57582515
No it hasn't. It only dumped before the halvening once, in 2020. Once is not always. And even in 2020 it recovered 100% of those losses right before the halvening. Stop spreading this misinformation. It's embarrassing.

I heard from /r/trans and >>>/lgbt/ that you should sell now because it's going to doomp before le halfenchungus and rebuy at 10k

>>57582930
btc gongo up dca

>>57582515
Id be more concerned with the Migrant invasion happening

>>57589220
suipad, movex, Suia, Hydro, etc.. the list goes on
as the number of validators increase, its only a matter of time before......

>>57589346
>>57589346
>>57589346

Good picks