/biz/ - Business & Finance

I feel you anon, there's something strange about this one

>>6426751
Newishfag here.

Go on, I'm curious what you mean.

What's "different"?

I find it kind of eerie and unsettling how BTC has just been bobbing back and forth between $13K and $17K for literally a month. Like it honestly doesn't know what to do.

fuck off fudders

>>6426861
another newfag here, also curious

oldfag here
I agree OP theres something in the air
I got 5,5 million in ccryptos and Im slowly gonna sell off most of my holdings. shits getting too eerie for me

>>6426751
Tbh this bear market feels way comfier than the China fud last year. Are you really an oldfag? BTC crashed from 5k to 2.9k and everytime it was recovering the Chinese decided to "maybe ban bitcoin again". Then they banned ICO's, tanking the altcoin market. Not much later Bitcoin went on it's biggest bull run in history and absolutely tanked the every living fuck out of altcoins.

>>6426751
What do you hold? Tron? Lmao you should be scared faggot

yeah, i feel you OP. This time it's different. i fear a bleeding of btc for months

>>6426751
Why do people call this a bear market? Holy fucking shit theres no way someone whos been in since 2014 would think this little dip is a bear market. GTFO newfag larper.

After Gox 90% of altcoins died. Like, the networks don't exist anymore. So the same will simply happen here. All these shittokens and memecoins that have no real world use, they'll die. Nothing wrong with that.

>>6426945
>>6426751
I have 4 million and I exited to Tether at 16.5k, bought back in at 13k and just exited again few hours ago.

I've been telling everyone this is going to 8k within the month, but those retards just don't listen.

>>6426891
>>6426861
Nothing. It's larp. The bear market will be a few months and then back to ath

>>6426795
Yeah cause shits about to pop as soon as you sell.

>>6426998
BTC will bleed because its shit, is unable to serve its intended purpose because of fees and transaction times, and theres tons of more attractive coins to buy. Just get out of BTC and you will realize this isnt a bear market.

>>6427027
See this retard here >>6427002 is a perfect example.

>this time it's different!1!!

Literally every dip it's the same shit

Only been here since April too

>>6426751
I'm an oldfag, sat through almost every one of these things and I feel deja vu every time I look at the chart.

Feels the same as earlier this year to me, I remember sitting there waiting for it to stop looking like the meme bubble chart so everyone could relax a bit.

>>6426751
First, you're a newfag.

Second, this isn't a "bear market". Are you fucking insane.

Third, this isn't scary at all. If Coinbase, Bittrex, Binance, and Bitfinex all got shut down and funds seized.. then yeah we might be close to what the Mt. Gox crash was like but until then we are absolutely fine.

Look at the news. Banks and other businesses are increasingly moving towards crypto investments and ETFs are already being approved.

You fucking newfags are the absolute worst. Almost every coin has done a 2x, 4x, 6x, 10x and you think we're in a fucking bear market? What is wrong with you?

>>6427073
>>6427056

Read my comments shitface. Its not a "bear market" just because BTC has been found out. But by all means, dump your BTC, its definitely not reaching new heights anytime soon.

Plenty of coins with low market cap and great promise to buy right now.

faggots keep complaining about bear market
cmc cap has barely dropped in the past few hours

give me a break.

I give it 12-18 months max and this whole gravy train goes to HELL!!

>>6427151
crypto is mainstream enough that any bear run/crash will be immediately followed by investment of new money/whales

this isn't going away. It didn't go away after 2013 either. Doom and gloomers are retards with no foresight

>>6427056
>transaction fees are a bad thing
>satoshi implemented them for no reason at all
god I fucking hate nu/biz/

ITT weak hands understand their limits

>>6427142
BTC is an indicator of trading activity. If BTC dies, the entire market dies. Nearly every single coin on CMC is in the red for the week.

>>6427149
>45 billion dollar drop in a few hours
>barely dropped

>>6427221
dont test these hands boy. So strong theyd crush your puny little tiny slender hands in one crunch.

>>6427220
This happens regularly. What are you expecting on unregulated markets? Stable conditions?

BTC futures will expire on the 18th. Anyone not holding btc after that is in for a bad time.

>>6427027
>I've been telling everyone this is going to 8k within the month
You have no place to be calling anyone else a retard.

>>6427101

Inclined to believe this guy.

What exactly is the reason for all this FUD right now?

Crytpo as a technology is still is its early days and has so many more avenues to work its way into. The potential is huge - potential to replace traditional currencies and to revolutionise not only the internet but also industry, commerce and many parts of every day life.

>>6427199
>thinks I dont understand why transaction fees are there
>thinks satoshi intended low volume transfers to be impossible because of fees

The difference I see is magnitude. A lot of stupid, stupid money FOMO’ed into the market. Now that the dip is upon us, these stupid, impatient morons will panic sell rather than hodl.

>>6427266
>regularly
Lol. No it doesn't you newfag. I'm really getting tired of you "hurrrr muh dip jus a dip" plebbitors.

But what can I say. 99% of people in this world deserve to lose money.

>>6427199
>30 dollar transaction fees are a feature
if you aren't baiting you are sincerely one of the dumbest people I've ever seen

>>6427256
Good

I actually enjoy those cycles, it's testing my character. I believe 100% in the long term of the coins I invested in. I wanna see how much control and determination I have.

Only newfags think this is a "bear market".
We used to have days like this every week. Shit is so comfy

>>6427286
I've been right 100% so far. You're the retard.

I sold at 16.5k. Go ahead and show us where you got out, you tard.

>>6426751

Deregulation of Theter happened. Lots of actual fake money.

>>6427220
Yea youre right it will dip somewhat in tandem with the BTC price. But only until ETH takes over, which is already happening. ETH has been extremely stable in this BTC downturn. Most alt trading pairs are already ETH/X. Its about time BitShit stops dictating the market.

>>6427199
This is why we need more /bizpol/

>>6427318
>30 dollar transaction fees are a feature
it costs less than $10 to transfer bitcoin in an hour or less. even proper exchanges only set the fee to like 0.0008 btc.
where the fuck does this $30-$50 tx fee meme come from? are you cunts too fucking retarded to use a wallet properly?

I was driving home from work on Friday and heard a commercial for BitIRA, where you can hold bitcoin in your retirement accounts.

OP isn't lying faggots, ARK Investment just moved bitcoin from the number 2 position on their two biggest ETFS, to the number 24 position;

September 2017 Holdings:
https://web.archive.org/web/20170921021748/https://ark-funds.com/wp-content/fundsiteliterature/holdings/ARK_INNOVATION_ETF_ARKK_HOLDINGS.pdf

January 2018 Holdings:
https://ark-funds.com/wp-content/fundsiteliterature/holdings/ARK_INNOVATION_ETF_ARKK_HOLDINGS.pdf

Historically, ARK Investment has been very bullish on Bitcoin, and they were the first Wall Street company to endorse Bitcoin, going so far as to put out a paper of their analysis on the asset.

Something's up, and none of you faggots have the wall street connections to move an entire market. Stay safe.

>>6427336
>Go ahead and show us where you got out
I havent taken anything out.. And Im up a measly 42% in fiat value compared to my portfolio when btc was worth 18k+.
Down to 8k.. Really? Where did you pull this from? Show me some solid reasoning for your prediction or just gtfo, another newcoiner who thinks they know the market inside out.. A joke.

I hodl Neo - the last few weeks have been heaven!

>>6427442
kek, you sound like a redditor.

>>6427377
ETH is extremely overbought and will die as well. This isn't about trading pairs, but investor confidence. Nobody is going to trade in two weeks salary to buy a shitcoin that people don't believe in.

The global market cap is once again going to test a breakout from the uptrend. It will achieve that very soon.

>>6427382
>where the fuck does this $30-$50 tx fee meme come from
You are right anon, that’s a gross underestimate.... the fees are averaging $80 now.
(Outstanding fees on unconfirmed transaction divided by the number of transactions, times the current price of bitcoin = almost $80)

That’s kind of rapey if you ask me.

>>6426891
>>6426861
Whats different this time is that a major part of the BTC community has left and switched to BCH. BTC is a sinking ship and who knows what will happen when it finally goes down.

My portfolio went from 25K to 7.5K with China FUD. Stfu pajeet this is nothing.

>>6427436
>42% in fiat value
Lol yeah from 5k I bet. Definitely under 100k.

Also kill yourself if you can't see the bubble.

>>6427289
because /biz/ does not have your best interests in mind. this is a honeypot operation infiltrated by zionist jews to get you to sell them your btc at dirt cheap prices. /biz/ is bearish on everything that is not allin 100% FOMO at ATH on the shittiest vaporware coins possible to 1000x your investment. the portfolio the jew fears the most is a well-diversified one with the majority of capital in solid altcoins or btc which they want for themselves. the amount of kikes outnumbers the actual coinholders on /biz/. they do not want you to own PoW mineable coins because they realize these are the only ones that will hold their value thru the next correction phase.

with jews, you lose

>>6427382
are you trying to say 10 dollar fees make it viable?

BTC is at 300k transactions per day and the fees are already retarded - the guy I replied to implies that this is a feature and is intended: are you equally retarded, or you do just want to argue whether you pay 200% or 600% fees on your mcnuggets - I don't care either way

cryptocurrencies are not useful right now because none of them can actually scale yet, which is why you should be investing in coins that you think solve the problem. What BTC has done is place all their eggs in one basket, and that basket is a fucking pipe dream.

ZERO on-chain scaling @ 300k capacity, fucking laughable. Even in a majority LN ecosystem (which is YEARS away at best) just the payment channels alone will choke the network

Oldfag here. Alts will go up and beyond everybody could imagine as Normies are discovering them. Bitcoin Marketcap will drop to 10% of total Marketcap.

it feels strange because the market is shifting to dapps yet most of the trading is still in btc pairs fucks everything up

>>6427577
ding ding ding

>>6427577
I agree with bitcoin marketcap dropping to 10%

However. The entire market is now entering a bear market for the coming 2-3 years. Look at the fucking graphs. The signs are everywhere and I'm cashing out 80% of my crypto value until then.

who the fuck cares about bear markets? Im making fortunes in every direction the market moves...

>>6427638
the graphs aren't showing anything but resistance at 13k holding up not once, twice, three, but four times.
the only ones getting JUSTd pretty soon are shitcoin holders, and also people cashing out for believing in the fiat jew anymore

>>6427524
Fees are $10 or less in reality. What are you looking at is inflated because of whales and exchanges moving large amounts of btc. You think anyone actually pays $80 fees to move $500 in btc? Its your fault if you dont know how to use bitcoin. Kys.

See pic related,
0.0008 btc is $10.85

>>6427694
Every time BTC lost 50% of its value (which happened 3 times in history) it caused a bear market. The first was in 2009 and lasted 6 months. The second was in 2010 and lasted for a year until 2011. The third was in 2014 and lasted for 2 years until 2016.

This bear market will last at least 2 years and if the trend is exponential then it'll last 4 whole years.

Yeah good look with your "support" if BTC stays there for months normies are going to drop massively. This is not going to last.

>>6427336
>I've been right in the past so I'll be right in the future
Greater men than you have ruined themselves with this line of thinking.

>>6427638
You’ll be taking a 30% haircut automatically if you cash out.
Tax man.

>>6427524
Fees are going to drop massively when Coinbase implements batching and segwit. The mempool will be reduced by over 50%.

>>6427681
>shorting btc
kek

>>6427703
This is what’s reported m8. The average is $80 now, and yes you can move coins for $10, which is still rape, but that transaction is going into a network where some are paying hundreds, so your coins will move after the high rollers.

>>6427782
past events tell you shit about the future. there is no pattern. your mind makes up those patterns. They call it narrative fallacy.

>>6427828
thats not shorting...thats swing trading. easy 2000$ a day...so fuck off.

>The discord pump group that is unstoppable./!

https://discord dot gg/6BAAvpM

>>6427845
it is not 80$...30$

It's like you guys forget what happened late summer this year. Btc dropped to 3000 and hovered around there for several months, then took off.

>>6427782
First two times were when the market had pretty much zero liquidity compared to now and it was no where near as easy to get large amounts of fiat into the market.
The third time almost a million coins were taken from circulation and the exchange responsible for 80% of global volume shut down.
What you are seeing now is a correction after a crazy bull run. People thought 10k eoy 2017 was a crazy expectation. So just calm down cowboy, theres no 4 year bear market coming.

>>6427548
Why does it have to be only one king? You can't see a market without a single dominant coin?

>>6427782
sounds like youre jumping the gun and trying to predict whats about to happen when in reality you dont know shit. i hope you panic and cash out 100% on this next squeeze and btc shoots back up to 20k the next day. youll probably kys

>>6427567
wow, this is a very accurate description of the current state of /biz/.

>>6427199

dubs of truth

any advice where to go besides Reddit and /biz? I hate both of them right now

>>6427782
bitcoin's market dominance has more than halved since jan 2017 the game has changed

>>6427782
Crypto is no longer about BTC. Bitcoin has lost market space to newer, better cryptos. The market cap hasn't dropped in proportion to Bitcoin's price decrease. In your past bear markets Bitcoin made up 90% of the total market cap for crypto, now it's like 30%, and dwindling. 2018 will see a bullrun like no other. EOY total market cap will be several trillions as every crypto EXCEPT Bitcoin takes off.

>>6427567

kek, this

>>6427926
>several months
Lolno. More like "several days".

Also it had a reason to go up then. It has no more reasons now. BTC has been bleeding out for almost an entire month now. Soon the big drop will come and all of the desperate "hodlers" will meet their rightful end.

>>6428045
What about all the coins with BTC pairing? What will happen to them?

fucking fags zoom out.

actually it's goin up but you retards only watch the 24 hour percentage I guess.

>>6427416

Wall Street is buying EOS up and gambling their paychecks for fun.

>>6428131
Can't exchanges can change a few lines of code and trade against ETH?

>>6428175
fuck off with your ethereum wannabe...the shills for this coin are so mindless.

>>6428165
Thanks anon. I "zoomed out" and I see it now. Wow we're all going to be so rich! #Resist

>>6427027
You are the reason I hate this forum and all Anons.

You fucking nigger pajeets always start your posts in the same way "I made x Million in crypto and I've just made perfect plays every time."

I don't believe you cunts. I don't believe you. You remind me of the faggot on here last year who was bragging about going all in on a BTC short when it was 6k. It then hit 19k, I hope that Nigger fuckhead is eating cock in prison now cause he had to rob a bank to pay for his dead family's funeral.

LIGHTNING IS COMING
and you can feel in deep in your soul
you know every little shitcoin is fake and the king will reign again

>>6427882
Do you just swing trade BTC or any other coins?

t. long term holder but want to get into swing trading

>>6426998
>Bleeding of btc for months.

Literally had it's biggest bull run ever less than 2months ago

>>6428465
I already posted a webm in the zclassic thread. You can feel free to kill yourself though.

BTC time is over imho, im in ETH, but theres so much new shit introduced that makes my head spin

>>6428539
Lightning is fake.

coinbase is going to get blamed for the bear, their insider trading and ETH/BCASH pumps have damaged the crypto community's reputation

simlar to mtgox, coinbase and kraken are running fractional exchanges and will be exposed, why else would charlie lee sell all his coins? he used to work there and knows what's going on.

see you in 2 years for the next moon mission

>>6427286
I believe the main contract expires on the 17th. Am I wrong?

>>6427289
>What exactly is the reason for all this FUD right now?

just idiots, they see some red candles and dont understand it because they dont do any research and their IQ is literally quite low and they will repeat whatever term they heard to describe a bad time.

>>6428630
It's very real, there are like 700 nodes and 2500 channels on the testnet
only 10 nodes and 15 channels on the main net, a few purchases have already been completed with no fee.


https://krebsonsecurity.com/2018/01/website-glitch-let-me-overstock-my-coinbase/
this coinbase bcash exploit is going to be blamed for the loss of funds, but they already moved 100s of millions into their own pockets

WHY ELSE WOULD COINBASE TRY TO KILL BITCOIN? they don't have any in their vaults and need to recoup the losses to stay in business

>>6428539
this. blockchain is only good for crypto currency, and once everyone realizes this then the king will ruthlessly punish all of the shitcoins. markets like to inflict maximum pain on the maximum amount of participants, so now that everyone is loaded up on altcrap, they're going to drop like a rock

>>6426751
It's just the weekend dip. Relax.

>>6428722
How do you know? Because someone on twitter posted a pic?

It's a fake scam and you know it.

>>6427312
This literally has happened multiple times. Stop LARPing you absolute fucking moron. I mined at .33 cents and can tell you are full of it.

Talk about a newfag

>>6428777
>literally
kys

>>6427796
>thinking that shit exchange matters
https://coinmarketcap.com/exchanges/volume/24-hour/

This is a classic "performing CPR on a dead guy you don't know is dead yet" pattern. Each peak represents a chest compression.

>>6428777
>I mined at .33 cents
Lol sure you did, you dumb nigger.

Go ahead and show where in history this has happened "multiple times". Go ahead and show me a graph, you stupid pavement ape.

>>6427027
anon is probably right looking forward to it gonna bank on the dip

>>6428867
GDAX/Coinbase along with Gemini are the only two exchanges which don't batch withdrawals.

Look at the mempool during the coinbase outage.

>>6426751
Every bear market "feels different" .. this is a normal emotional response. And it's always darkest before the dawn, anon.

Take some profits back, but never all in or all out. Tax season is here. Wall Street money is here.

Fuck the fud. If China news didn't wreck crypto, nothing less will.

>>6428777
>>6428878
You know what. I'm just going to reference my posts since all you dumbfucks just don't get it.

1/3 of my portfolio:
>>6404889
Me telling retards to enter Tether at 14.5k.
>>6404978

All the typical dumbfucks like the ones in this thread in denial. Who's getting fucked now you retards.
>>6411656
>>6405224
>>6412903

>>6427101
He is retarded. Exchanges are obliged to refuse new people just to state how far we are from a bear market.

>>6429310
Adding you to the montage >>6429058.

Hell I've saved enough threads to my computer. I think I'll compile all the responses I've been getting over the past month into a nice collage like those "drumpffff will never win!" pics.

>>6429058
Who the fuck cares what happens to bitcoin, grandpa. If you're not at least 80% in ETH by now you're a retard.

Its fake bear imo. Look at ODN and their little internal drama, just screams manipulation to drive prices down. Same thing with DBC, PRL, Bounty and others.

>>6429413
Considering that every single coin in the top 100 is severely in the red, I think more than a few people "care".

>>6429562
ETH hit an all-time high yesterday you fucking retard. This train is not going to stop.

>>6427548
Im a prefork holder, got in around 2014. Moved coin for the first time to convert a little bit of BTC -> BCH. Its hard to see through all the FUD, but it feels like BTC is failing. What i don't know is if BCH can survive BTC failing.

>>6429604
I don't really give a damn about what the ETH price does. When 33% of the market nosedives to zero, the remaining 66% will follow.

That's even ignoring the fact that the ETH RSI is over 80 and now would be the time for a massive correction.

>>6429747
>I don't really give a damn about what the ETH price does. When 33% of the market nosedives to zero, the remaining 66% will follow.
Not when the 33% is nosediving to zero because the 66% is becoming 100%. Bitcoin is shitty, outdated technology, and that's why it's bleeding market space to crypto that actually works.

>That's even ignoring the fact that the ETH RSI is over 80 and now would be the time for a massive correction.
m-muh stock market analysis in a market that defies every rule in the book for traditional markets

please help my friend uses this every day and it cashes out to coinbase every day. how can you say its not real explain before you outburst

>>6429818
>the 66% is becoming 100%
This is not happening. XRP is down 44% over 7 days, QTUM is down 44.3%, etc ... Only ETH and various shitcoin pump and dumps are up over the week.

>in a market that defies every rule in the book for traditional markets
You could not be more wrong. It is following a bubble collapse to a T. Go ahead and look at this pic >>6427560 and be in denial some more.

>>6427571
>ZERO on-chain scaling @ 300k capacity, fucking laughable. Even in a majority LN ecosystem (which is YEARS away at best) just the payment channels alone will choke the network

Actually they've developed a method of batching the payment channels to relieve blockchain congestion.

https://bitcoin.stackexchange.com/questions/67158/what-are-channel-factories-and-how-do-they-work/67187

>>6426751
Marshmellow-handed, newfag detected. You ought to know by now the flippening is REAL. Look at the yearly charts for ETH & XMR

>>6427379
yeah, more conspiracy nuts, who doesn't love that

>>6430231
Even newer fag detected.

Don't you remember the last flippening being aborted when Bitcoin went on it's bullrun?

>>6426751
Lol you fucking retard the only difference is that BTC is almost 20 times the price. There is nothing different and no this is not a bear market. How the fuck can you have a bear market when the average Joe is just starting to get into crypto and flooding exchanges>

>>6429737
if btc fails then the foundation of the blockchain fails, along with everyone's trust in this entire market.

you fags who are holding alts and measuring your gains in fiat are in for a real world of hurt soon and im going to love it. even if btc goes below 10k

>>6426751
If you're talking about blegacy, you're right, if you mean the whole crypto market then you're a retard

>>6430473
>if btc fails then the foundation of the blockchain fails
Deluded corefag

>>6430534
not an argument. enjoy your bags

>any other old fags will be able to tell you how different and scary this one feels
I dont know man It feels like the 2013 top but a little more drawn out since we dont have a black swan (yet?).
But honestly all the anons pedicting bubble to continue for 1 more year have me wondering. Im mostly in fiat right now to preserve my massive gains. The exocsystem really is so much bigger this time that there may be more steam but when the #1 coin is basically unusable and the fix is a year+ out it defys all logic to continue upwards (BTC still commands the overall direction of crypte, deal with it).

If youre in since 2014 you should be able to move out enough cash to comfiely wait out the uncertainty.

t. in since 2013

>>6426751
kys but sell off your coins before doing so, anon. ill buy your cheap coins. trading in 2014 doesnt make you an oldfag

>>6431218
reply

>>6431218
fag

>>6427307
good.
hopefully all the dumb normies are getting shaken out

>>6426751
This isn't even that bad.

>>6428751

Agreed, mate. I've been in the game for 8yr and I'm pretty sure this is about to happen

Been trading BTC since 2010. Watched the first bubble at $31 pop in July 2011.

This feels different. I've been slowly unloading back into cash for the last few weeks, holding about 60/40 cash to crypto now.

>>6427567
Better join them ,then.

>>6431218
reply

ree

>>6429747
MUH RSI

Exact same thread was posted on the dip before the runup to $832bn with the exact same concern trolling.

Fuck off pajeet.

>>6426861
The difference is now there's an actual market, it aint scary, and trading sideways for months on end is what most investments do.

>>6431218
fuck you

ITT: larping bitches.