/biz/ - Business & Finance

DOUBLE DUBS CUMFIRM

we eatin' red tonight

>>57935555

>>57935500
broo wtf why would you be a bobo, it looks so cheap here

here's how this is gonna go down
>muh ETFs keep buying
>70k resistance gets broken
>70k becomes support
>we enter price discovery
>big pump causing retail FOMO and increased ETF buying
>I make it
>you seethe

PENTUPLE T O P

>>57935533
Holy based. Bobonigs in disbelief, we are going so much higher

>>57935525
this unironically looks like it's about to mega dildo up/down at any moment, probably both

>>57935500
Nah it's about to pump. Get ready to FOMO bobo

>>57935533
>unironically using ETF as an argument
Newfag freshly arrived from plebbit detected. Posts like yours are sign of major dumpage coming.

>>57935652
Yeah except theyve been approved so we can actually see the massive inflows.
Keep being a subhuman sidelined bobo though lole, or even better, get liquidated

>>57935500
Your shorts are going to get liquidated. Remember it.

>>57935676
I don't short or long. Too risky

>>57935670
>BTC pumps due to ETFs, not because BTC is BTC and fiat is fiat
Another newfag desperate for gains, latching onto and parroting any bullish narrative sees.

>>57935684
I short. I've opened five new positions today.

Amusing to see all the newsfags thinking that etfs buying from miners matters

>>57935713
NoOooOoOoOoO CryptoApePaladin told me we're heading for 100k in a month while posting 1 emoji for every fucking word


IT MUST BE TRUE

>>57935533
>the "price discovery" cope has begun
Ouch. So now we've got "institutions" cope, "ETF" cope, "miner cost" cope and now finally yet again also "price discovery" cope.

>>57935713
Have fun missing the bullrun, we got near ATH and now youre back on biz pretending others are the newfags

>>57935652
>>57935755
>ETFs don't matter
give me a better reason to explain how bitcoin broke previous ATH pre-halving for the first time ever
what could possibly be different this time around hmmmmm

>>57935755
>institutions, price discovery

>>57935755
We’re at all time highs before the halving, who’s coping?

>>57935781

>>57935780
how about tether mcap way beyond previous ATH with a good enough narrative to make everyone unstable and fomo in?

>>57935810
let's assume your right
do either of those factors seem likely to end soon?
the only reason we are stalling here is because of the huge psychological barrier of previous ATH
once we pass that, it's over for bobo

>>57935742
>10x mined coins being bought daily by etfs alone
Simple supply and demand, how low IQ are bears this run? Holy fuck.

>>57935834
miners don't have millions of btc in reserves anymore?

>>57935500
How low and how fast will we drop once it breaks below 60k, anon?

>>57935808

>>57935908

>>57935851
Not for long

>>57935908

>>57936076
these old posts are interesting, but I don't get what point they are supposed to make
I used the term price discovery to refer to the market finding a price for bitcoin when there are no longer any clear resistance levels
your posts are from 2018 near the bottom of the bear market which is a totally different context
for example in >>57935908, "price discovery" is described as something that would make the price go down, and it does in fact go down

>>57936076
>>57936156
The point is to educate new anons that "price discovery" cope is used prior to massive dumpage, usually in association with a bullish narrative like saying "this is the bottom" (most of these posts are saying or implying BTC wouldn't drop below 6k; that 6k was the bottom) and blaming/using "price discovery" as for why. Usually combined with "institutions" cope as well. Here >>57936076 the anon even directly parroted word-for-word what an institution (Bakkt) had told him while posting a pic showing the price would only go up from there.

>>57935500
>slow crash until 60k
THE HORROR! Is this truly the end of the so-called "cryptocurrencies"?

>>57936256

>>57936359

>>57936506
Picrel anon was being bullish and saying BTC was going up from there (Feb 2018) and essentially saying 3k wouldn't happen (implying the bears were wrong or delusional about 3k, claiming they raised their predicted bottom to 5k which btw is something they didn't do, thereby also even implying 5k wouldn't happen). Because... "price discovery" had occurred.

>>57936629

Why do you guys hate money?

>>57936725
This should be sufficient.

>>57936725
This should be sufficient.

68k soon

GET THE FUCK OUT
YOU'LL REGRET NOT SELLING AT 69K

It s time

>>57936961

There are people buying btc at 69k after repeatedly failing to break resistance

>>57936743
"Hating money" is doing things like longing the top, buying the top and hoddling through bear markets.

>Struggling to hold 63k

>>57935500
Retard bobo general.
Btc bobos will be short lived. Mumu will take over.
1. While there is a bear momentarily before and after the halving, historically it recovers after a few months.
2. While rate pivots downwards do cause financial crashes, historically such financial crashes, cease after 1-2 years of down and sideways.
3. Depending on institutional etf inflows, crypto bulls might be insulated from financial crisis as fund managers and pension managers try to find safe haven assets that aren't affected by financial collapse. While such a narrative didn't take place in the 2020 crisis, back then there weren't institutional grade crypto etfs. Now there is.
4. Low market cap alts will be less affected by macro economics and are instead driven by utility and narrative.
5. Plebbit is in development for 2+ years, has working demos and an actual 100% airdropped supply to biz 2 years ago (search the archive).
YET biz still ignores plebbit on uniswap.
Plebbit is an opensource, free to use, scalable P2P social media protocol with no https endpoints making it actually decentralized.
Optional NFTs and ENS for avatars and names.
Toked is used for tipping and to curate the default feed (driving token demand).
9m mcap
Long term targets 1-5b 2026-2027
Pic related.

>>57938340
that is also true but beside the point

68k and dropping
>>57938389