/biz/ - Business & Finance

>>6271466
lol, welcome to crypto, take a seat

>>6271466
This is great. Means we can bullrun again soon.

If the momentum continues endlessly the bubble WILL pop.

I guess that what happens when bitcoin's price goes down and everyone is buying 1 cent shitcoins, market cap does not reflect the amount of money in the market.

>>6271466
every one was saying this would happen, why didn't you listen?

Longest bear run Bitcoin had this past 6 months lasted 7 days. Average bear run is 4 to 5 days. We're on day 5.
Keep in mind a reversal pattern was forming until the Korean FUD.

this is actually good for the market

>Price drops
>Buy
>Hold until price moons
>sell and retire at 30

>>6271604
>market cap does not reflect the amount of money in the market
we have a winner

>>6271466
1st day in crypto normietrader?

>>6271466
Did you start crypto 3 weeks ago? That stuff happens all the fucking time.

>>6271641
This. Same thing happened during christmas. The difference is that the overall market opinion is a lot more positive right now so it's not like we are suddenly gonna go to 0 this time.

>>6271641
>>6271694
yes thank god. These downtrends prolong our gains in the long run boyos

Americans are selling again, double bottom forming.

>>6271466
friendly reminder this is healthy market behavior

If you buy the substance you're happy to see this. If you half randomly chase hype and buzz words you get rekt. Real tokens are actually still steadily going up

>>6271732
It's 7 am in the east coast and 3 in the west coast. Try again buddy.

>>6271737
Well not if the media plans to continue blasting it with fake news to get the price down like for the past few days. They can very realistically cause a collapse.

We going to 10T at least, dotcom bubble has nothing on us.

>>6271466
>baby’s first dip

Nigga I was here when China “banned” bitcoin.
We had nothing but pink wojaks for 3 weeks, literally 1-2 threads about something else and the rest was just pink and red. This shit is literally nothing, happens every other weekend.

>>6271822
Dotcom bubble had corporations investing. That's a fuckton of a lot more money.
Crypto is majority individuals with personal money.

What percentage of that drop was coinmarketcap removing the SK exchanges, and how much of the rest was caused by the fear that change created

>>6271566
>>6271601
>>6271665
>>6271682
>>6271737
>>6271824
Damn you people are retards. "hurrrrrr durrrr izzz jus a dip! HURRRRRR ohhhh nooooo now izz $3000 ohhhh HuRRRRR jus a dip! buy the dip HURRRR".

The bull market is over, but I hope you don't listen because you plebbit dumbfucks deserve to lose everything.

>>6271466
Go back to 2013/14, we don't fear your small corrections. We are the Link marines

>>6271851
Individuals are over the world, and investing has little or no barriers unlike the stock exchange, any pajeet can drop a couple hundred on crypto.

How long till investors start speculating on crypto? This regulation scares are temporary dips but on the longterm regulation opens the market to the big players which combined with all the Normie money will make crypto the biggest bubble in the history of humanity.
Take a picture of this thread and frame it in ur lambo room, we going to 5T next year.

>>6271851
You think corps won't invest in crypto?

>>6271824
Yeah, china was the worst crash, portfolio was down 50 percent at some point.

>>6271906
yes buy gold

>>6271906
k buddy show me a timestamp with ur blockfolio on 0.
I’ll wait.

>>6271960
Speak English nigger.

I sold at $16.5k.

>>6272021
Take a picture of your blockfolio on 0 with a timestamp you cock sniffer newfag

>>6271923
Well why haven't they already? They were all in during dotcom at this point.

>>6272094
Fuck Tyrone, does the capacity for human speech really escape your ape brain?

I don't use phone apps anyway so it's a no-go even if I could comprehend what you're saying.

>>6272142
>whales are accumulating

>>6271906
this. i sold everything 2 days ago. as someone who has lived and breathed these markets, you can feel the shift taking place. it's time to hibernate for awhile and come back later, maybe never.

>>6272142
Where u even alive during dot com bubble? There was a massive pullback that wiped 30% markcapt before the real bullrun, look it up and look at the charts.
In any case, some countries have laws in place stopping managed fund and investment firms from investing in highly speculative assets, and even if these regulations didn’t exist they wouldn’t get into crypto before there was regulation in place, money will attract companies soon, we already have a lot of private investors going into crypto.
In any case if you truly believe companies and big funds will never touch crypto then get out, because 800billion is a lot if you think the market excitas solely thanks to pajeet and wagecuck money.

>>6272169
I know for a fact you’re worth less than 20k
Get out of my sight poorfag.

We don't Pump and Dump. We Pump and HODL.,-

https://discord dot gg/hTTEEt2

I just know it's too late, because it's always too late by the time I find out about anything, and I just found out about it 2 weeks ago. There, you can't win this argument. Either you have to admit I'm awesome because I entered early or you have to admit it's already late in the game and I'm right.

I remember an anon predicting this exact trend, and that he's was cashing out at the peak. Hes looking more and more like a wizard.

>>6272341
Brilliant pajeet! Now you don't have to worry about dumping late, because the suckers will think you're holding!
How about you go drown in your own shit.

>>6272314
Think whatever you want Drayshawn. I don't care enough about you to prove it one way or the other. Go smoke some crack with your baby momma.

>>6271906
You fucking new fags disgust me
gtfo

Fucking Burgers. When us Europeans woke up we ploughed more money in. Now the americunts are selling off with their snowflake hands. Fuck it, at least I can buy more on the cheap.

>>6272651
6:30 AM on the east coast. 3:30 AM on the west. Vast majority of the continent is still asleep
Why are Eurocucks so full of it?

>>6272094
:°)

>>6272651
I know you're lying because yuropoors don't have any money.

>>6271466
Anyone who's not a newfag has seen this happen at least 4 times before.

>>6272750
Can confirm. My hands are like wet tissue paper.

>>6271906
People have been telling me this since pre-Gox and I've stopped caring. I used to be worried but now I just shake it off. I'm up 20x this year with conservative holds and no day trading.

>>6272752
So what's your point? It's going to keep growing forever right? Must be your first bubble.

>>6272731
LMOA what a gainlet!

>>6272905
Obviously not, but a permanent crash and the market vanishing into nothingness at under 1t just makes hardly any sense.

>>6272905
When Ford's model T's sales dropped dramatically, the overall market fell 20%.
Automobile usage only accelerated though.

>>6272890
How conservative? ETH and XMR style?

>>6271466

meh, I'm holding eth and my next 150k a year contract food/housing comped starts in a couple weeks

>>6271906
Let them be greedy, they deserve to lose it all.

>>6271770
4 AM West coast

>>6271726
>>6271641
>>6271694
based delusional greedlets

>>6272965
Who the fuck is saying it's going to be a permanent crash? It's gonna recover at some point for sure. THAT DOESNT MEAN THERE WONT BE A CRASH

>>6273059
I'm way up. Obviously should have sold more at the top but that's easy to say in hindsight.

>>6273070
It's already crashing. I don't think it's gonna go on for many days so the opportunity loss isn't that big at this point anymore

>>6273242
Bitcoin will be at least in the 8k range by Feb 1st.

>>6273567
Bitcoin isn't too relevant at this point and even though it's shit I seriously doubt that. I was bunkered up in fiat during the december "bull trap" where BTC seemed to be going all the way to sub-10k but was then pulled back by everybody looking to buy it for cheap.

>>6273774
Look at the Dotcom bubble and see for yourself. Bitcoin will be 8k and everything else will follow it. The 10k phase was followed by a return to normal. Now the global market cap's upward exponential has broken and Bitcoin tripped past a bear flag at 13.4k signaling support below 10k.

Because i'm still 1/6 of my investment in the green my niggah thats why

All the coins i hold have actual products behind them ( well except Cardano too bad i missed the opportunityy to sell but still 100% in plus ) so i dont fear a nything

i for one am glad that this is coming to an end

>>6271466
Major Shift????

We're you saying that when the crypto market cap jumped this high???
Your'e looking at 8 days you fucking moron

Its relative.

use past data

past data.

>>6273947
Are you seriously using that pajeet-tier pic of comparing natural market fluctuation to mt gox as an example? Gox was a single event, not natural development

The december crash was exactly the same situation as the one we're in now and you can see BTC having support already.

>>6272731
Doesn't count if you cash out.

>>6274207
The Gox collapse followed a pattern. The Dot Com bubble followed a pattern. This bubble is following the same pattern and the drop to 10k+recovery was only halfway through that pattern.

If you can't see that then you're blind.

>>6271789
the media has been blasting btc with fud for the last 9 years straight.

>>6274054
there are still nocoiners on /biz/?!

>>6274207
>>6274327
Oh and that "pajeet-tier pic" is what alerted me to sell at 16.5k. So maybe you'd be better off not spouting memes.

>>6274327
>>6273028
>over 2 posts by this ID
LMAO NOT EVEN BOTHER READING YOUR BRAINLETSHIT

It's a minor crash after 2 weeks of insane gains
stop overreacting, get into good projects and hold, that's literally it

>comparing mt gox incident to this selloff
you guys are beyond retarded
congrats ond this, Seriously

>>6274423
i hope you keep investing all the money you made when the bubble starts to pop.

>>6274561
i'm investing for life. i'm not going back to wagecucking, ever

>>6271906
newfag

>>6271466
because i zoomed out

>>6271906
I have made peace with the fact that I may lose everything. The potential upside however, is too good to ignore.

>>6271466
We've seen much worse, this is fine. Buy your favourites.

>>6274327
>The Gox collapse followed a pattern.

Which was what exactly? That the fucking idiot who bought it ran it into the ground?

>Applying market cap to a market with no outside demand.
What did downs syndrome mean by this?

I really like EGAS, it looks like a scamcoin but even if it is, at this price it can still go 10x before it gets dumped. check it out.
Take a look@ https://coinmarketcap.com/currencies/ethgas/

>>6271906
someone seems mad they lost the chu chu