/biz/ - Business & Finance

i hope it comes back down. damn who said bear market isnt fun ? the volatility is awesome , made good money on ETH dump

>>7219888
nahhh, becouse everyone is expecting another dip that's why there will be no dip. last time you see 8.5k, see you at 40k =D

It’ll go to 12k and that is where we will find out what the future holds

>>7219888
Huh? The bear is going to last for 2-3 years.
The initial drop has been too steep however and a few weeks of upwards movement is going to happen at some point. This could be the start of it.

Picture related: the last big crash. If we repeat the last time, then we could be somewhere in the blue marked dip area.

>>7220165
IF you're trying to make that point, at least circle the dip around april.

But, we're not in a bear market yet. If BTC holds 8900 and consolidates it should be fine longterm.

BTC however is going to die, but slowly, ETH looks to be the bet for the future.

>>7220165
Current crash for reference. It is a little bit different, but no market movement is ever exactly the same.

>>7220165
3 years ago there was barely a market and btc was the only notable coin

now the technology has matured massively and 2018 is the year it will see mainstream use

you cant predict the future using outdated datapoints you idiot

>>7220165
the market is moving much faster now , u really think its gonna be 2 years? cmon man

>>7220165
we're here... 20k is pocket money for the 1%

>beginning to bleed..

>>7220352
>now the technology has matured massively and 2018 is the year it will see mainstream use
the technology maybe, not the useless coins

>>7219888
This is exactly what i thought when ETH hit $130 abd BTC hit $1800 over the summer and suddenly started rocketing back up

>>7220387
With increased volume, the market is going to move more and more slowly percentage wise. In 15 year, the gainz per year will be something more similar to stocks. The booms that Bitcoin has had, have been more apart.

>>7220165
bro maybe you are right maybe you are not nobody on this board can predict shit. Blockchain is still really new, it will get implemented in the real world pretty soon. Shipchain for example is a really good project that will get used by major shipping companies in the future. Crypto is still in the beginning maybe it will fail maybe it will prosper. But i think with this dip the normies got scared away since i guess a lot of them panic sold at the bottom or on the way down.

>>7220502
come come back muh dead cat come back.

>>7220165
You aren't considering one monumental factor. The last bear market lasted for years because of the lack of awareness. The total number of people involved in bitcoin/crypto back then was probably close to 1/100th what it is today. The media reported, "bitcoin tops 1k!!" followed by "bitcoin crashes 80%" then everyone fucking forgot about it, which is why it lasted for years.

THIS time around will not last years, it can't... for one main reason: the monumental flood of new investors these last few months. You idiots can joke all you want about normies and their weak hands-- doesn't matter, they got a taste of this world and chances are a good majority of them are probably hooked.

Also for a skeptical second reason: technology grows exponentially. So what was years back then, could only be a year or less now. With that said, the last time(back in September/October) we saw an enormous green candle like we did this morning, we tore our way into 10k and beyond.

>>7219888
>/biz/ saying it's all over
To all the idiots: THIS is how a major bear ends.

>>7219888
So it wasn't a major bear.
There, that easy.

>>7220566
this.

i think we all agree bitcoin is a dead but there are many better projects out there coming out this year.

>>7220533

didnt bitcoin lose like 60+ % now? biggest movement since 2013 so the market is still very volatile

>>7220165
>Huh? The bear is going to last for 2-3 years.

Get a load of this guy.

>>7220568
I'll take Bear Trap for 1500

>>7220568
There's still massive sell pressure over the next few days.
Yeah this might be the start of the end of the bear market but it's not as if we're going to 12k all happy and nice.

It's all over
https://www.youtube.com/watch?v=neGdoqsuiN8

anybody who compares different time points from different years is just a moron. markets never behave the same, otherwise everybody would be rich now.

also major bears always ended like this. look at bitcoin cash drama and the China/JP Morgan FUD in september. it ended the same. a very low support was hit and then it rocketed back.

>>7220707
>>anybody who compares different time points from different years is just a moron
>proceeds predict future market behavior off past behavior

We need a weekly close above 9.4-.9.5 to start bullish again tard.

NOTHING CAN STOP BITCOIN
https://www.youtube.com/watch?v=_-NwFOAS0ZA

>>7220707
>don't compare
>compares

>>7219888
This isn't like the stock market grandpa.

>>7220566
- Cryptos aren't still nowhere near in actual usage to warrant the current market caps. Some 5 people ETH token teams with no code ready, but a whitepaper and a fancy webpage get millions in initial funding just for their promises. It is way harder to price these things compared to company stocks.
- Mainstream adoption might take a while to happen.
- Another global recession might happen soon. The last one has been far away. If people start to lose jobs again for the next 2 years, then a lot of people won't have extra money to invest somewhere.
- Normies already got burnt hard right now and are probably telling their friends not to invest in it. Also the media will start to paint cryptos as too volatile and unsafe. Interest in cryptos peaked in December.

I might very well be wrong on the scale of the bear market. But just some points that I keep in mind.

>>7220659
ok newcoiner will be glad when you lose interest and go back to playing daytrader on robinhood

>>7220885
b but muh palm readings that are right 15 percent of the time

>>7220891
they aren't traditional market caps but you know that you just like to play pretend, gramps

>>7220525
most of the useless coins will die, obviously
Make sure you are in the Apple instead of the Pets.com or AMD kind of coin

>>7220864
the absolute state of this board lmfao

>>7220965
the only way coins will ever be useful is if they stabilize

the volatility makes every single one of them a terrible store of value and terrible as a currency. It's been almost a year since they were even useful for buying drugs

>>7219888
>1 minute chart

>>7221074
nahh... volatility is not the problem. $ is the problem, but don't worry, $ is going poo poo