/biz/ - Business & Finance

>comparing mt gox with today
holy shit i didnt think biz was this stupid
only tether and bitfinex collapsing will cause the multi year bear market

>>7224662
i doubt tethers and bitfenix alone can cause a multi year bear market, more like a 3-4 month bear market

mt gox today would be like every major exchange exit scamming

What the fuck happened here

>>7225306
Someone probably fatfingered their whole stack

Bear market till 6 months before the next halvening. Screencap this.

>>7224662
>>7225145
What if the crashes weren't really because of mt gox and tether FUD? They were just the triggers. Real reason was people getting rich in a matter of months and wanting just to cash some out.

>>7224510
The cycles will move increasingly faster because that's how markets move and grow. The last multi-year bear market was a period where people were still learning how to use and implement blockchain tech. Also, the ecosystem and market weren't as mature as they are today. Yes, an extended bear market may or may not come (no one truly knows), but that doesn't change the fact the implementation of blockchain and the surrounding market are far more advanced right now than they were back then. Markets test tops and bottoms. Things grow. Shit projects will be culled, and the market will move on and grow because whether people on /biz want to admit it or not, we're not investing in tulips. Blockchain actually has inherent value; most companies just haven't learned how to adopt it or monetize it yet.

>>7226724
it's all of the above. any period of extended growth is going to be followed by a period of profit taking. the higher the rise, the more profit and incentive to take it. natural market cycle...

>>7225306
some burger slipped up on his burger greased keyboard with his stupid fat fingers

>>7224662
coinbase, tether, bitfinex colapsing and binance exit crash combined would at best lead to 2-3 month bear

why dont you just plough your money in then faggot if you're so sure instead of coming here and convincing others you're an oracle and can read the future. holy shit you should work on wall street

>>7224510

so because similar pattern happened in 2014 it will happen again in 2018 despite the marketing being completely different

well i guess opinions are like assholes, everyone has their own

>>7227254

pretty much, this market does not have any real underlying assets so it's 100% psychology. Past patterns are all that people have.

>>7224510
everything seems to be ten times higher though

>>7227198
>why dont you just plough your money in then faggot
i would but i already invested it all

>>7227382
It's because of PotCoin being introduced to the market

>>7224510
1 Bitcoin equals
6852.60 Euro

We hit first target, we'll hit 13k before heading back down to around 5k.