/biz/ - Business & Finance

>>58264335
RETOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOORRRNNN!!!!1

>>58264335
because I'm seeing parallels between 2021 "HODL" and 2024 "DUDE HALVENEING"

Both carrot on a stick psyops to absolutely fuck us and I fell for it again. Literally everybody and their brother thinks everything's just going to magically send at an arbitrary date.

Also, 7 straight months of green for first time ever on BTC and we're just supposed to continue ripping all summer?

>>58264431
Nothing will happen on the day of halving. As always BTC won't magically pump on the day or the week after, in fact BTC usually dumps right before halving.

But unless you think that this time is different BTC will be worth a lot more 6-9 months after

>>58264335
uhh yes price high is usually when things get bearish anon

>>58264431
>Literally everybody and their brother thinks everything's just going to magically send at an arbitrary date.
kek you are a normal :D

>>58261377

you know this is /biz/ right? retards only know how to buy tops and rugs and cry later

>>58264484
There’s many things different this time.
1. Higher price psychology
2. Every trader now ‘knows’ those (wink, wink) things that only insiders know
3. ETF means numba gongo down too as outflows happen that never happened before
4. People have run out of money and are living on credit cards and don’t have any disposable income
5. FTX manipulation is kaput and no big player moved into that big scam position
6. China going to ban bitcoin for real this time lol
7. Stock market has stalled and poised for at the very least a small correction which may impact crypto

I could go on, feel free to add to my list.
This time IS different (of course it is, it’s NEVER the same)

>>58264672
yes its over! sell!

>>58264335
I mean to be honest that's when you're supposed to be bearish, not at the fucking bottom

>>58264751
Just picked up another 5k boys. hope it bounces

The meta since 2021 has been frontrunning hype narratives.
The 2024 halving is the first one being hyped by influencers, youtubers and normies.
2+2, really.

I'm still seeing tons of delusion from retail normies. Half the people I work with are convinced BTC will hit 200k this year.

>>58264915
my guess is a pump to 78k to reignite fomo and liquidate some bobos, then giga dump to 45k

>>58264931
do you think big finance and their ETF money wanting to 'tame' bitcoin will have no effect?

Just my anecdotal evidence - the pumps and dumps seem less violent since the ETF launch. like I think maybe 1 swing over 10% since ETF. Shit like that was commonplace before that.

>>58264931
>giga dump to 45k
dump for ants?

>>58264335
sell while you can, don't get greedy because this time isn't any different

buy back below $60k

>>58264989
this
its over

>one week away from eclipse
>Bruh it can only go up

lol

IT'S OVER!! SELL YOUR SHIT, NIGGERS!!!

>>58264335
looks super bearish to me.

>>58264672
it's over. just sold everything.

>>58264728
You mean buy more right, kek. I just bought another big bag of BTC, ETH and QANX

>>58264335
It's always somebody's first rodeo

no layers of irony here, I think that any major BTC purchases are retarded at this point, it's obvious that we're going to fall to the ground quite hard. I'm not going to cancel my recurring buy orders, but if I had any major cash lying around, I definitely wouldn't put it into BTC for these two weeks.

>>58264335
Yeah it's fucking over dude look how high it is that's all stupid looking chart man

just dumped all my shitcoins and tethered up. see you guys under 50K

>>58264335
if looks like a great time to sell at a top if you are honest about it.

>>58264484
lol look up fibonacci series. it will dump on that anyway. most flux dumps

I can't imagine we will dip that low, if we go sub 60 i'd go fucking hard to get as much as I can and I imagine that's not that unusual. No one seems to doubt it'll go significantly higher by 2025 i'd fucking ape in w/ debt in stupider and stupider ways the lower it goes.
If it goes to 45 i will do some really fucking crazy shit to get more sats, i dont think thats that rare a sentiment either.

wouldn't mind checking in with the bull market support band, going insane and grabbing more sats at @53k then shooting up again just to keep cowen happy.

>>58264335
black people and women explaining are the first videos if you search on bitcoin halving explained.
what does this mean?

>>58264335
It ll go to 50 and Ill see you all you criying

this time its different. dummies won't get it till their shit is crabbing forever a few of us have tried to warn ya no more warnings dont listen

>>58266300
keep catchin that knife idiot

>>58264989
I would prefer predicting the price at halving right on Nuklai where I stand a chance of winning 1 BTC

>>58264335
If every idiot believes halving will pump Bitcoin than they are going to crash it and take your money. You are exit liquidity.

>>58266351
It means exactly what you think it means

>>58266382
degen traders will get sidelined, all have to buy and keeping buying and hold and you are guaranteed to be good so long as you hold and don't sell for years.
enjoy your gains buying at 30$ and selling at 300$ then missing everything else because you thought you could time the market. I'll sell part of my stack at the cycle top but even then not most of it.

>>58265827
BASED

>>58266371
Its memetime

>>58265827
I bought CELL. How does that make you feel?

>>58266351
I had to explain to my accountant what the halving was. He had heard of BTC and others and liked the idea of it but he had no idea what the halving was.

>>58264335
So what will it fall down to? I think it may fall to 45k.

>>58266413
Not until it goes to 120k

>>58264672
shit, i think im gonna sell

>>58264943
bitcoin dumped a little over 16% in a few days just 2 weeks ago.

about 10 days before that it dumped almost 13% in one day before swinging back.

it has dumped 8% in the last two days.

it is nowhere near as volatile as it used to be though, yeah.
still see $250k by early next year though.

>>58266475
MAGAtime anon

>>58266475
>>58266611
NEwfags

>>58264672
>Stock market has stalled and poised for at the very least a small correction which may impact crypto
I'll make you a deal. This happens every year around now. If you can figure out why this correction is happening I'll give you the benefit of doubt and listen to what you have to say.

Everyone familiar with Elliott Wave Theory can see this top. It's downhill from here

>>58264484
why do people keep saying this? a minute glance at the chart shows we pump almost IMMEDIATELY after the halving

>>58264672
>it's another "deploy ze China fud" fud
Let me guess, Tether fud now?

>>58266576
my ultranormie coworker at the factory who has a thousand dollars into btc knows what the halving is.

>>58264335
we are gonna flash dump to 45k then we go on the last big bullrun in history, price will stabilize between 80-100k

>>58266781
What's your reasoning for putting 'B' there?So arbitrary

>>58266576
>>58264335
>>58264431
The thing about the halvening is that it halves in importance every time. This time we're going down by 3.125 BTC. That amounts to reduced volume of about 30 million dollars. Daily volume is 50 BILLION today. In case you can't count that's less than a thousandth of daily volume, which fluctuates by 4x day to day. Halvening isn't going to do shit except be a fake hype narrative.

>>58266393
I like the fact that this contest is free and the grand prize is huge, but getting the prediction right will be a tough one

>>58266885
The reason is because the behavior of the run since December 2022 is in 3 waves which is common in the B-wave.
We're in either an expanded flat pattern which takes out the high from wave 5 and goes beyond A or a running flat which ends where I marked C.

One could argue this run is in wave 5 but the lack of volume in this run also indicates its wave B

>>58264335
>suddenly bearish
Not bearish, just hoping for the natural mid-cycle dip. I fucked up in January and want to prices to go back to January levels so I can load up properly on the right shit at 100 day MAs.

>>58267097
>lack of volume
Delusional bobo

>>58266351
>what does this mean?
who knows? it's a total mystery anon

I’ve never seen stronger buy signals on /biz/. The blow off top might take six months or a year, is going past everyone’s expectations for sure.

>>58264672
>people have run out of money
Yeah that's bullish. People are more desperate and more willing to gamble their entire life savings on crypto for a ticket out of hell
t. I'm "people"

>>58266942
>it's not going to do shit when the production of one of the most sought after assets in the world is cut in half
Yes it will, that's a difference of about 170,820 BTC per year

>>58266527
inCELLs will rope when QANX is $10

>>58267262
Kek. That file name

>>58266860
My normie bosses heard that "BTC reached ATH recently." They're not paying attention.

>>58266599
Checked. The volatility is a good thing, it's what gives bitcoin a great CAGR.

>>58264672
if china "bans" bitcoin, all that will do is prevent the average chinese person from buying in. Anyone already in bitcoin will have avenues the government can't catch.

>>58266599
>250k
Yeah, nah. With that price BTC would be worth more than any other asset in the face of the earth except gold. Not likely. Anything beyond 100k is wishful masturbatory fantasies.

>>58264335
that chart looks ridiculous i have no idea what to expect next

>>58267222
Sounds like you are biased to upwards momentum instead of reading the signals. Your loss

>>58268198
I DON'T KNOW WHAT TO DO

>>58268973
stinky konata breath all over my face

Let's all ignore the pending recession. FED has more data and can tell when the economy is down the gutter or heading for one, at the point they will cut rates leading to mass panic from equities to cash

>>58268197
you don't think the digital gold narrative sprung up out of nowhere do you?

the internet of things.
the 4th industrial revolution.
the new axiomatic pillar.

i'm not saying i'm 100% right, you might be.
but in a zombie economy where financing, auditing, sales figures, p/e ratios, central bank policies, inflation, debt figures, m1 and m2 numbers are all non-sensical, with a millennial generation who is now familiar with bitcoin, to some degree, for a decade or two, and younger generations even more familiar with it, why wouldn't digital gold play second fiddle to real gold?

>>58264431
>or first time ever on BTC and we're just supposed to continue ripping all summer?
we will probably slowly dump for rest of year and resume giga pumping near eoy into january.

>>58269215
Good. I'll stack more sats.

>>58269215
I DIDN'T HAVE ENOUGH TIME TO CASH OUT

>>58264431
21 baggies are the fucking worst, I genuinely hope all you idiots get shaken out and left behind
I could already tell before I read the second line and sure enough, you're one of them
No one, really no one, cares about your bitchmade market ptsd from buying the top last cycle. Not a soul
Reddit spaced too I would spit if you were here

>>58267540
>170,820 BTC per year
He wants it to be nothing, that is all. These are the same people who would scream SELL if someone promised to dump 170k btc every year.

>>58264672
my fellow investors this poster has convinced me to sell my bags and open shorts on bitcoin

>>58269050
>you don't think the digital gold narrative sprung up out of nowhere do you?

Nah, that was the 2021 narrative. Today's narrative is AI. If bitcoin does a 2x from 70k, it would be worth more than what Nvidia is worth right now. Which is stupid. It would be the 4th most valued asset after gold, microsoft and apple. Dude, how many people do you know that own an iphone, a mac? PCs? Bitcoin is worthless compared to them. So... no, 100k is the absolute roof for bitcoin's market cap.

>>58267540
what's the annual volume, anon?

>>58269677
It unironically should be valued higher than gold.
Also, nvidia? Way overvalued.

>>58266413
Everyone is saying the opposite though that it was front run and it’s over lmao

>>58269677
>>58269677
See you at 150k faggot midwits like you hyping about how it’s over and how it can never break 100k is exactly why it will when Larry Fink and his Jewish friends line their pockets by longing retard doomers like you and the other talking head crypto podcasters all saying the exact same shit.

>>58264431
this, we will have a drop that will shake out the normiods and a small accumulation period before next leg up Sept-Dec

>>58266781
If only it would go back down that low. Lowest I could see it going would be mid 40s at this point. It is too strong now.

>>58264335
>>58264335
Spend the entire bear cycle feeling smug because you'd never "bet against BTC"...
Slight whiff of a bull cycle and you're all shitting your pants.
>kek

bobo is mentally ill, simple as

>>58269677
Store of Value is not new, SoV is omnipresent as it's a vital economic function. Something will be used as a SoV, and that thing will develop SoV value, value as a SoV, supported by demand for SoV. A Store of Value stores value dispersed within the economy by being something that meets the demand for SoV. If I buy something with good SoV properties and high network effect it will have SoV demand in the future and therefore hold real terms value.

Bitcon is the world's first fixed unit of account, trustless, stateless, transparent, can be securely self-custodied. A quantum leap in stores of value.
>so why isn't it already a billion trillion dollars?
Network effect. Capitalization. That's all that's left, and its network of use as a SoV grows each day.

Network effect is a positive feedback loop in a SoV as buyers of SoV want the SoV that others use, it's already passed the point of no return, this halving marks the inflection point where BTC inflation (1.7% now) falls well below gold's mining inflation (2%), at all future points BTC will only ever be a better and better SoV, there are no brakes on this train.

>>58269677
Absolute midwit take. Bitcoin has properties better than gold in most aspects. Enjoy getting priced out.

>>58266351
We truly live in the darkest of times.

>>58269719
nvidia will rug so fucking hard lmao

>>58269677
extremely naive reasoning

>>58267262
For me its the blonde with them milkers heyo sexo

Also bitcoin to 140k eoy

>>58267418
I always wondered why the proportion of Canadians compared to Americans is so high in low cap coin telegrams but it makes sense for that exact reason.

>>58268973
are you movking me nigger?

>LINEAR SCALE
IGNORED

ANNOUNCING: THREAD HIDDEN FROM THE CATALOG

>People think that an asset hits ATHs by continuously dumping
>People think it's a top signal because their coworker knows about bitcoin which has been in existence for 13 years and had tons of mainstream attention
Some of you are fucking idiots
>>58271744
Prob just because they're indian, unironically

>>58264335
Disbelief. Don't worry about it, just wait.

>>58264335
Sell, you shitheads, fucking sell. If you read this post you will remember it. You can always buy it again. Sell now. 4/2/2024 8:10pm est

>>58265509
dude, hope you didn't damage your screen drawing all over it like that

>>58264335
>Everyone is suddenly bearish while this is how BTC looks just two weeks before the halving lmao
its over, a toddler could see its overbought with no more buying pressure in the market. Media limelight has died down and greed is falling though the floor. Crypto had a good run but is is OVER. Obviously all of that boomer cash is about to go straight into GameStop and make me a billionaire.

>>58272724
will you come tomorrow and say the same thing?

>>58264914
>The 2024 halving is the first one being hyped by influencers, youtubers and normies.
lol no it isn't

imagine telling people less than a year ago that bitcoin would be trading at 65k, down from 73k and everyone is paper handing and bearish

like with most investments and speculative positions, the best thing to do 99% of the time is NOTHING.

>>58272851
Soon it will be worse. And holders will be staring at themselves in the mirror.

>>58264335
>Something
Why can't bizfags just make up their mind and agree that bitcoin is either bullish or bearish? I don't understand why there are so many disagreements? Are people just trying to rationalize their own long and short positions? I don't understand why people can't just come together and objectively agree where the price is going to be one week or one month from now. Would be a lot easier for me because I don't know how to trade.

>>58272874
Midwit take.

>>58264335
bought more at 65k, bears need not reply

>>58266860
then he's not an ultranormie, everyone seems like a normie when you're king sperg

btc is a long term investment retards everyone knows it
if you want money NOW you can always go check on some memecoin to invest at the moment, the earlier you get it the better, but know when to buy or sell, that's how i did it on march, with jizzlord as my final masterpiece
but really dude, i'm tired of explaining this shit over and over and over
you'll learn one way or another

>>58264335
>this is how
esl

>>58264335
this >>58269031

feels like the average npc just sees crypto mooning as a sure thing anymore and they all think they're gonna nab the next bottom and get an easy 5x or whatever. when i see this kind of sentiment, i think many years of crab and bear market are to come

>BTC tops out at around $70k in 2021
>BTC tops out at around $70k in 2024
Do you retards not see a pattern? $70k is a soft ceiling that is going to very difficult to break. The ETF couldn't do it, and the halvning won't do it either.

>>58272695
Thank you, friend. I will not slurp yet.

>>58269031
>pending recession
2 more weeks! kek

>>58273677
>unironically being this dull.
We spent a mouth and a day above $60k in '21, most of that time in the low 60s, $62k+ feels like selling the top, which is why we bounced so hard off $61k, no sellers below, yet we needed to pump back to ATH before halving... Why? Because sellers below ATH can't meet demand. Now what happens when obligate seller supply (miners) gets cut in half?

>>58273312
>everyone seems like a normie when you're king sperg
max payne tier quote
nice

>>58273751
Delusional. Just watch. If it starts to go above $70k again, people will start dumping because there's history of "this is the ceiling" there.
>muh halving
After numerous halvings, the law of diminishing returns kicks in. Going from 50 to 25 is big. Going from 3 to 1.5 isn't that big.

>>58273677
>and the halvning won't do it either.
And how do you know that, trannie? Because you don't.

>>58273872
Law of diminishing returns.

>>58264335
only retards are bearish, i'm sorry. do people just not understand what the etfs mean for btc? look at that fucking candle if you're stupid.

PLAN B SAID 500K IS FUD 800-900K 2025 S2F

>>58273882
>law of ywnbaw

>>58273779
You are dim, you see price independent of market psychology instead of a manifestation of market psychology.

>>58264335
That's a bear markets rally before we enter the recession.

>>58270820
this is honestly the best argument ive seen for Bitcoin on this board ever

>>58274277
Reads like AI

>>58273779
Both are 50% decreases, retard

>>58272862
>lol no it isn't

Top buying newfaggot.

>>58274441
He said this is the first halving that's being hyped. That's factually false. You are the newfag if you think that's true.

>>58274429
Are you fucking retarded? If you had $50 and you lost $25 of it, you wouldn't like it. If you had $3 and lost $1.50, you probably wouldn't care. Same with the halving. The smaller it gets, the less the impact is.

>>58274065
>buzzword spouting faggot
go back to r/btc

>>58274642
>>58274646
shit baits you cock devouring faggot nigger

>>58268187
and what do you think that means you fucking moron? that the average chink cant buy and can only sell
chinks own an absolute fuck ton of bitcoin, if it actually gets banned then youre going to have a mass sell off
OTC, P2P, swap to stables, by whatever means available

>>58264504
Yep. Just like how the normies and the media were all bearish in 2022 and were completely right about the market for 3 years straight.

>>58266845
Not immediately but every halving has led to a pump so far

>>58264431
>continue ripping all summer?
Summer of rips brah.

>>58264335
OP forgot to explain that the Bitcoin halving means the reward for mining BTC cuts in half. Miners start turning off their rigs because it's not profitable to mine anymore. If too many miners go offline- flash crash. And if any kind of black swan event were to also occur at the same time: The ultimate rug pull

>>58264335
I told you a crash would be coming before the bull run months ago, few listened. You may get one more pity pump for the halving before your positions plunge into the abyss.

>>58264335
Yeah exactly..

>>58269031
>pending
Get a load of this faggot.

>>58269505
I think this guy has lost a lot of money along the way lol. This is what becomes of people who get greedy and gamble. He'll probably double down on his ways and fuck it up this time around as well. Many, many such cases.

BTC to 1 mil 2025 its happening, get in

A lot of the bear posters seem to forget that institutional money won't be gambling on where the price is going. Gradually, more and more BTC will be locked up forever, regardless of the price along the way. So many people here ignore this and autistically think the pattern must repeat forever. Not so.

>>58276235
(((((institutional)))) money

>>58276102
>btc dip 10%
>calls it a crash

>>58276240
Yes, institutional money. As opposed to retail. Think Blackrock, Grayscale and so forth. I recommend you do further reading on this, for a better grasp of the terms.

>>58271600
Go all in on AAST then

>>58264335
When bull run

>>58277130
BASED