/biz/ - Business & Finance

>>6914223
You think institutional investors are in? Are you fucking retarded?

>Normie's
Stop larping

>>6914280
likely the most important thread we'll currently see here.

>>6914223
>The common reaction was that institutional investors will bring more legimatacy and hence increase the price much more in the long term.
Wrong. This entire board predicted beforehand that the price would dump after futures, which it did. Nobody here was enthusiastic for them.

>>6914280
Talk to me in a month when the price is 8k. I've been in crypto since 2012 and I am 100% sure we won't see massive gains anymore. Pack your bags. It's over.

Use your logic. The trend is now everywhere in the news. Normies are scared. Where the fuck is the new money going to come in? Once something is hyped at its peak, it will never reach that peak again.

>>6914452
While I generally agree with you, I think you overestimate the importance of normie money and their $100 'investments'

>>6914223
>Simply put, bitcoin is now stable and institutional investors took the fun away from the massive gains. Hope you enjoy your bags.

Do you have any idea what this will do to the alts market. Damnit man I hope you are fucking right. I hope BTC becomes stable as fuck. I hope BTC basically becomes tether 2.0

PLEASE FUCKING PLEASE LET THIS HAPPEN I WILL BE A BILLIONAIR AND TRILLINAIR I WILL BUY ALL OF YOU!!!!!!!!!!

>>6914549
Unironically, the only way to salvage ourselves is for a huge dip to occur (6kish). If market cap goes back down to what it was before november, massive gains can still happen.

>>6914561
Alts will have future contracts too you idiot. Some of them already do. It will become just like the stock market

>>6914561
>being this new

>>6914612
Then we will be forced to trade NGR. Prepare your melons.

>>6914728
Yeah I'm so fucking new. I once liked Bitcoin now I fucking hate it. By the way Big daddy shitcoin is farting a wet one right fucking now. Stability please, can I have it.

>>6914223
It amazes me that you are copypastaing my post from yesterday. Good job anon, keep up the good work

>>6914223
I'd be happy if Bitcoin stayed at 10k forever.

>>6914802
Shut the fuck up and prove it you idiot.

>>6914452
The price might hit 8k in a month but that's when the institutional buy in will happen, and when it does we'll still see a huge jump from at the latest feb 28 into the summer screen cap deez nuts

>>6914223

They took away massive gains in Bitcoin specifically, can't see how buying into new coins still won't get you good gains. If Bitcoin actually stabilizes the alt market will finally go up instead of being fucked every time big daddy BTC crashes

>>6914223
Don't sweat it. Institutional investors are just as crazy as normies and sometimes worse. This recent holding pattern is them proving a point that they are now in control of the market and nothing more. Get ready, because as soon as they are ready this thing will turn into a printing press again. If there's one thing wall street loves it's easy money, and they haven't had a taste of easy money like this in a long long time.

>>6914865
That's not the point. The point is to show that the time for massive gains is over. Massive gains only happen with emotional investors and FOMO.

Expert investors don't FOMO. The moment you see a spike, it will go down. I expect BTC to go up in the long term but very steadily along with other alts (they're already steady).

To put it in even easier terms for the 15-20 year olds here, you are NOT going to get rich off this shit anymore.

>>6914452
Everyone on this board is saying it's going to 8k

this is why 8k will never happen, we'll keep bouncing off like 9k since everyone is waiting for 8k and then they'll FOMO when it hits 13k

>>6914452
Crypto hasn't even started yet. All the products are in the baby steps phase. BTC ironically being one of the worst ones.

on a more serious note, crypto will never be stable. Its always going to be fairly volatile because the market technology is too accessible, there are too many whales, its too easy to make new coins.

Also the psychology around crypto is that its highly addicting like a video game. It basically turned saving accounts into a video game. You will never see stability in this market.

so yeah.

>>6914585
I pray for this daily

>>6914452
>Talk to me in a month when the price is 8k.
That's exactly when institutional money will get in...

>>6914223

Kek.

Bitcoin, and other alts, can increase multiple times over with a relatively small push. They are not bound by traditional stock market metrics such as profit and p/e ratios which can be restrictive factors.

Sure, institutional investors may short bitcoin sometimes. But do you seriously think they won't take advantage of how quickly crypto can grow to potentially increase profits by 1000% or more?

Going long on crypto is easily way more profitable than going short if it's done correctly. They will take advantage of that eventually.

Another point. The reason for these massive gains and high confidence was because bitcoin investors were a secret club. People still know about bitcoin but had no idea what the fuck it was and hence FOMOed. Now, taxi drivers are talking about how there going to get rich of crypto.

General rule: When EVERYONE finds about something and EVERYONE thinks they're going to get rich off it, WHO THE FUCK will they sell their bags off to?

That's right, no one.

>>6914966
All the late adopters are praying for it, which is why it will never happen.

>>6914997
Exactly.

>>6914223
>Wall Street brains thinking they won’t fall for the same psychological buffoonery regular joe crypto investors fall for. (Buy ATH, buy high sell low, muh partnerships, next gen fagchain, etc, etc)


They will fuck up their futures soon enough trying to chase BTc gains, and end up shoveling money into chink shit coins like the rest of us.......


t. Ex wall streeter....

>>6914997
not a late adopter, I just sold near the top and want to buy in as cheap as possible

I probably should screencap this thread and post it in year or two.

>>6915057
Pic rltd

>>6914911
you do realise they still have another 10k to short don't you?

>>6914996
>EVERYONE thinks they're going to get rich off it
Have you somehow missed the fact that bitcoin just lost 50% of its value? People are FUDding out, not FOMOing in you idiot.

>>6914223
>Normie's
>using an apostrophe to pluralize a word like an illiterate nigger

fuck off

>>6915057
My ass is probably a wall streeter if you're a wall streeter. Don't fucking come on here LARPing about how Scott Matthew, Leo Xu, and Sanjay Patel from Citi Bank are going to invest the same way as the guy who watched Trayvon James video on Bitconnect and thought he would get rich.

Again, I'll repeat myself: When everyone thinks they're going to get rich, no one gets rich.

>>6914953
Not all of it though. Some of us actually sitting long term on solid projects, unlike these frantic, ADD pajeets around here

>>6915125
> Let's address the horrible autocorrect instead of the points raised.

>>6914223
you're legit retarded if you think institutional money is in crypto, if it was we'd see like $5 trillion+ mcap

>>6915151
Yeah but there is always going to be new projects. As a game developer I know for a fact that big corporations are only just now possibly smelling the blood in the water on how the game industry will eat this shit alive. If you thought micro transactions were bad now ready your asshole for the unlimited pounding. All the studio needs to do is place a basic tax on transactions between players and they will drown in lambos to the likes never seen before by even the most well established game studios. All under the guise of a "free to play model" too LMAO

That shit about not being able to get rich off this shit anymore is fucking retarded.

>>6914802
It amazes me that you are copypastaing my post from yesterday. Good job anon, keep up the good work

>>6914223
let's see if the faggots manage to push it way down to my last buy-in
I've already taken out twice as much as I'd put in so idgaf

there will always be a new shitcoin somewhere to trade off of, the faggots and their status quo is in jeopardy

>>6915261
It'll be glorious. Thank god i'm not a degenerate gamer

>>6914989
margin requirement at IB to short is $50,000 per Bitcoin

That's right, you need to put up $50,000 just to have a potential $11,000 gain (when BTC goes to ZERO, not likely) and potential $50,000 loss (when BTC goes to $60,000+, somewhat possible)

>>6915315
It amazes me that you are copypastaing my post from yesterday. Good job anon, keep up the good work

The problem is bitcoin. That's literally it, once we decouple ourselves off of it we'll be much better off.

>>6915478
that's not a problem with bitcoin