/biz/ - Business & Finance

>>7348344

This crash is artificial as fuck

who do you think is buying it all

>>7348344
huh, it's almost like it was always a scam

>>7348344
But what can we do to help sustain it? Yes, we can sell. Fucking sell already, you autist.

>It's the drop that's unsustainable, not the price

>>7348402
The retards saying there's strong support anywhere under 6.5k

Should I sell now and cut my losses?

With stocks world wide falling no new money is coming in

>>7348381
>This crash is artificial as fuck
yeah, and i wouldnt mind betting that warren buffett has something to do with it.
the way he was hitting on cryptos only a few days before the crash began is suspicious.

>>7348477
STRONG support at 6.3k

>>7348344
>This kind of dropping isn't sustainable
wtf does that even mean? Fuck me you kids...

>>7348553
>mommy it's wall street! MOMMYY

stfu nigger. Price is dropping and people who brought it less than 3k are selling it, only idiots like /biz/ do the iron hands meme in a bear market

>>7348553

Well he wasn't the only one. Before that, there was a lot of fud being spread as well as some post about chink whales that were going to dump and rebuy around 5k or something, nobody believed the poster tho (5k sounded ridiculous at the time)

>implying the regular markets are doing any better

the dow is going to go into circuit breaker before noon.

>>7348381
>DAZ CWAJ IZ AUTOFISHAL AZ FOCK
Its official ladies and gentleman. The crash is artificial now.

Dumbest thread I've ever seen. It's crashing because there are no buyers. China was the great hope for pumping this shit another trillion but regulations get tougher and tougher on them every day.

Normies already got in and are down 50% and selling, they won't touch crypto for years.

People who believe in the tech are already all in, or out of fiat from buying the "dip" starting at 10k.

Meanwhile nerds with no social skills or talents that are pretty much the bottom dwellers of society are starting to realize there is a very chance this shit could disappear when they wake up in the morning, but if they sell all the way down to 1k they can still make a very nice life for themselves.

It's all fucking over. Everyone wants out and nobody wants in. I will buy ETH around $200 just as a gamble.

>>7348409
god damn feels good to have made all this money on this "scam"

>>7348670
fuck off back to seeking alpha you fucking worthless cunt

going sub 300 global cap
buckle up fags

>>7348409

How the fuck is it a scam?

>>7348344
I have a plan guys! Just refuse to sell until it gets back to $10k. If people can't buy Bitcoin for cheap they will offer more and more money to get it!

>>7348344
Byu teh dpi

>>7348344
>This kind of dropping isn't sustainable
You're right anon, it can't drop $100bn a day for more than another three days

you better get out now, its going below 5k in the next 4 hours.

yeah , it sure is fishy isnt it guys? i mean for the past week, no tethers are being printed anymore, and its like all of a sudden the whole market is in free fall. its as if tether was artifically propping the market up or something, maybe? gosh i dont know. makes you wonder doesnt it. lets get columbo on the case

>>7348754

>crypto is dead
>for the 1 millionth time

We're going to keep crashing but it's not dead. All those projects being developed aren't going to disappear overnight.

>>7348735

What are you trying to say here?

>>7348781
>god damn feels good to have made all this money on this "scam"

Only because you got out before it collapsed doesn't mean it's not a scam.

Let's take Madoff for a simple example.

Madoff paid off great returns for years, and many people exited in great shape. That's because other people kept feeding into it, but the majority at the end paid in millions for nothing. They were left 'holding the bag'.. with nothing to show for it.

>>7348670
Yes, you should have paper hands in a bear market so you still keep a little of your money

Buy high sell low

>>7348934
Somebody here gets my point.

>>7348381
Just like the pump was artificial as fuck, it goes both ways, /biz/ just got blinded by greed. 95% of all trades are bots trading with bots.

299 global cap, fags

Lads BTC is unironically going free fall to 1K or less

I'm out, cutting my losses

>>7348517
Yes, bear market for months to come.

>>7348958

Actually before the tether was printed the market was at a complete standstill for a few days, around the 1st week of January. Then we started going down from there and haven't recovered. The tether fud has been around for months and resurfaced due to media, but it was always there. IMO this shit all started because of Bcash and Coinbase listing it, and soon after the massive normie influx.

>>7348727
damn bro what absolute shitcoin was that

>>7348972
kek, even my grandma heard of cryptocurrencies, it's over.

wow its 299 billion now? it was 800 billion just a few weeks ago. what the hell

>>7348999
his fucking eyes

>>7349112
she's heard of bitcoin, thinks of it as internet money. still doesn't know what a blockchain is.

this is email/internet in 1998, everyone knows about it, not everyone is on it yet, and almost nobody knows about all the social media shit still down the road.

>>7348344
>This kind of dropping isn't sustainable
>this unsustainable growth over such a short period of time is fine its normal we are going to jupiter
>this crash is not normal it cannot be sustainable!!

>>7349112

The real problem is use case and adoption rate, not if normies have heard of crypto. Until then we can't break the last ATH so anyone who got in December is kinda fucked

>>7348381

it's not actually.

you see, all the massive walls that are thrown up, spoofed and manipulated are on the buy side. trying to keep the thing afloat.

tether was a giant exercise in propping up a dying market, but that ended as soon as they stopped printing.

no, my friend. this drop isn't artificial, it's the opposite. the forces of nature are taking over as the manipulation runs out of steam.

bitcoin is worthless, and the market will always find a way.

>>7349102
That's not a crypto.

That's the fucking inverse of the volatility index on the stock market.

Yeah.
That's bad.

>>7348727
When is crypto going in a circuit breaker?
I need sleep.

>>7348604
having trouble staying above 6.5k lol

>>7349309
since when has tether stopped printing you fucking retard?

>>7348381
this>>7349029

>>7348553
hes just salty because of BCC

>>7348344
it should speed up as people realize shitcoins have no value

This happened because normies are finally realising that crypto has literally no use. It's like stocks from a company that does nothing. It has no intrinsic value.

>>7350087
they do if people pay for them

do you think vitalik is worried right now or does he not even care?

>>7348670
it's call the big short you fucking idiot.

nobody who bought under 3k$ is selling. not me , not the winkel brothers and none else who is smart. bulls bring this thing up once bears are done in minutes. even from 0 if it satisifies your tiny dick

If the crash is artificial then it means that they plan on pumping in after. Just hold.

>>7348898
Only works if you bought a lot below that price. Normies at 20k are killing themselves or selling at lost.

>>7350149
>if people pay for them
idiots guide to the meaning of the word "value"

>>7350226
>nobody who bought under 3k$ is selling

>>7348344
My portfolio is getting BLACKED so hard right now

>>7350226
>nobody who bought under 3k$ is selling
Because anyone with a bit of wits and a true oldfag sense sold at 15k+. Now you'll see chink miners setting their old stock on sale, cunt

>>7348727
what does xiv have to do with the dow

>>7350396
The volatility index is going to fucking explode and the market is going to drop so much a circuit breaker kicks in

it's already down 650 in futures

>>7350329
you know black is good in investments right?

Honestly who the fuck is selling?

>>7349964

January 23rd

https://twitter.com/tetherprinter?lang=en

right on the last big pump.

>>7350489
Chink miners, normies, slowpoke old money

>>7348727
Explain this holy fuck

>>7350461
Not in this case Tyrone and Jamal are going balls deep with no lube

>>7348604
people have been saying strong support at 9k, 8k, 7k, 6.5k

its a goddamn joke, this shits going to $1000

>>7350571
it's fucking mind boggling anon, it literally makes cryptos seem like blue chips

It's an exchange traded note which tracks the INVERSE of the volatility or fear index VIX
so.. if VIX doubles, it halves. if VIX goes to infinity, it goes to............. zero

it did that in after hours
it dropped so much it's supposed to TERMINATE and have a 0$ value. Except it's not clear if that happens in after-hours

>>7341060

these lads have more info

>>7348344
BUY THE DIP

Remember: It's only a loss if you sell.

>>7350679
probably not, too much creed at those levels even large traditional institutions would try the bee nest with a stick at 1000

3000 - 5000 easily tho

>>7350528

>making baseless claim because it's been less than 2 weeks since they printed a fuck ton of tether
>gaiz did u see tether is being subpoenaed!!1 I know so much about crypto :^)

>>7350729
nigga it's been dipping for weeks straight

>>7349191
This is just like 1998 my friend. "Bitcoin" got popular, blockchain is nerd level shit.
"Email" was in the news, TCP/IP was nerd level shit.

>>7348727

>>7349102
>>7349816
>>7350396
>>7350571
Look at the y-axis you mongoloids. Somebody stretched the fuck out of the distance between 77 and 88.

>>7348475
This has been the best use of the dumb wojak meme I've seen

>>7350606

tru

he tried to warn us
https://www.tradingview.com/chart/BTCUSD/6GuxadAx-Manipulated-Dump/

>>7348999
fag if you had paper hands in a bear market youd have sold at 19k
but meh thats your fault for not heeding the warning even if everybody told ya its a bear market

> This kind of dropping isn't sustainable

You're right! Eventually it will hit zero!

Be a virgin when others are a Chad. Be a Chad when others are virgins

>>7350943

>>7348344
Crypto is dead as dead as dead can be,
First is killed some HODLERS, now its killing me

classic dump and pump you retards, just sit tight

>>7348381
not like the rise was

>>7348754
>Peoplpe who believe in the tech are already all in
I believe in it 100% and I'm not all in yet. I've been cost averaging down and I've still got 60% of my portfolio to go.

>>7350226
>tfw too smart to sell assets at triple their current worth

>>7350729
>anon thinks this is the dip

>>7349102
USD

>>7351430
lol the entire crypto market captured by one picture

>>7351503
>Massive normie influx
>Price goes astronomically high
>Normies burn the shit out of their hands
>More and more negative news
>More and more government interference
>...
>G-g-guys this is just a dip it will go back, normie money doesn't matter!

Something that starts with D and ends with EAD

https://www.youtube.com/watch?v=WPZn4rbiB8g

>>7348344
That's the Truth Truth!>>7349029

The pump was boosted by the FED in "Quantitative Easing" they have now began selling the assets on their balance books.

Interest rates had been at 0% for nearly a decade.

The bubble was artificial. The crash is natural, it should have been allowed to happen years ago.

That is true. Once it reaches zero it will no longer be able to sustain its decline.

>>7349102
>>7349816
>>7350571

It's shopped you retards, the 88-77 range got stretched out like 10x

>>7348344
i just want to say that i got the joke and it gave me a laugh so your post wasn't wasted

once it goes under the miners cost its fucked
no miners = no bitcoin
that is the major flaw in bitcoin that it needs miners

>>7352032
Anyone know how much it costs on average to mine a BTC today?

>>7352032
but once some miners drop the others stay in. enough so they make a thin sliver of profit.

AHHHHHHHHHHHHHHHHHHHHHHHHHHHH

>>7348344

It's just a correction. Just watch, the Dow will go up something like 500 points tomorrow and then another 200 the day after that on Wednesday and things will be fine. People always say shit's going down and it never does.

>>7352647
What about this XIV thing? Will Credite Swisse get in trouble on that? One anon said they may make money I don't know what to believe....

>>7349083
Yeah how dare they try and keep Bitcoin as a currency that actually works.
Fucking retarded core fanatics, baka.

>>7352272
are you asking for the actual value of a bitcoin?
thats crazy talk!

>>7352272
Mining cost is around 5k per bitcoin

>>7353083
I know, I know, but it might be useful to find out still

>>7351059
We didn't listen...

>>7353109
How do you know?

>>7348344
More like buttcorn isn't sustainable.

>>7348898
That's what I'm doing. Got into BTC in 2012 because fuck the Jews lol.

>>7348727
This is it

>>7353211
Depends how you factor it, if it's just electricity it's a lot less than that, but you will want to be ROI'ing on mining hardware as well asap so if you throw that in it gets closer to the mark. Below 1k it makes no sense for miners to even leave their hardware on.

>>7350055
>Warren Buffet
>Fuck nigga
chuckled and checked

>>7348344
You are right. It will stop once it hits $1.

>>7348754

>>7351430

We need an art anon to pink wojack that pic.