/biz/ - Business & Finance

i bought at 72k and sold at 68k then bought back at 67k

I kept telling them there's not going to be a normie mania phase to make alts moon until the fed lowers rates, but they called me sidelined (even though I sold at 68k lol).

its beyond over sadly. time to sell so I can afford rope

$65k is cheap, but feels psychologically like selling the top to holders from '21, we bounced off $61k because sellers dry up below that level, whales will try to keep us below $70k until halving as this area is a great accumulation zone

so bulls are ironically bobo posting to unironically fuck over /biz/tards
and you jeets wonder why this place is dead

>>58103241
>we bounced off $61k because
cope, we bounce off shit all the time and it doesn't mean anything

>>58102333

Honest question - how does the FED lowering rates effect normies? I keep hearing this talking point come up, but the only people benefiting from rate cuts at this point are institutions who want to skyrocket the market, no?

Cost of living is shit right now no matter what the rates are. A 1% decrease on nick normie's mortgage isn't going to give him enough disposable income to want to yolo into magic internet money. Am I missing something?

>>58103430
Yeah I wonder the same thing. I don't think regular people have enough spare income for shitcoining. Maybe there are buyers frontrunning an anticipated boom in the economy.

>>58102283
Cultured trader

>>58103429
False. Market psychology is very real, there are willing sellers in the $60k-$70k range that don't exist below, pushing us lower won't free up additional supply, so there's substantial price support at that level

>>58102241
>In theory
but you don't know anything about the market
you also confuse bitcoin with the overall crypto market
forget theory, you are essentially delusional

>>58102241
the first time I entered this world BTC was at 63k and those were good times, I am sure that if everything continues like this before halving things will continue to improve, additionally according to truflation interest rates are falling and that only means that the industry will start investing much more in infrastructure.

>>58105790
>believes that the industry will invest
it's over for us, bidenomics will left america with nothing but scrums

>>58105790
what a fucking NPC

>>58105790
>BTC at 63K
>good times
do you have some type of dementia?

>>58102241
in theory you're a cuck, buy SUPER and shut the fuck up bobotard

>>58102283
A true /biz/raeli. Never change

>>58102283
now thats how you do /biz/ness

>>58102241
then what a good thing i stuck with vinu instead, it really made things easier for me this week
tho i must admit i would love to get some benefit out of BTC ngl