/biz/ - Business & Finance

>>9034732
alright brainjack, i agree with you

so when do you expect the market will reach a new ath? how many more months? WHAT DO YOU RECKON? ANSWER ME! STOP IGNORING ME REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

>>9034782
Market will recover when interest dies properly, and we slow bleed for a while. Right now whales are still trying to shake out the traders and dumb money. Theyre going to milk us as much as they possibly can.

I don't see us reaching a new ATH this year.

>>9034732
I agree with you OP
But I'm biased because i have $18k fiat ready to buy this shit when Mr. Soros' wild ride kicks in again

Short liquidation at 9.5k, you think I will make it?

I'll cash out a bit tomorrow, watch it crash to 6k while I sleep. Such is life.

>>9034732
there doesn't need to be much volume if no one is selling brainlet

>>9034825
Honestly, it will be close.
Whales have propped it up to 11.7k before, i doubt we'll get that high this time round but whats to say we don't hit 9.5 or 10k.

The higher the better for the smart money.

>>9034848
Guys no one sell their bitcoin from now on okay!

>>9034732
Proof of short or fuck off

>>9034732
>Look at the 2014-15 bear market. The similarities are huge. I'm not saying we're fucked for another 2 years, but its only been 4 months you autists. You think we'll just double bottom and spring right back to ath? Please cunts open your eyes.
Are you one of those special retards who thinks he can predict the future by looking at old charts?

>>9034732
Haha im up 150% since yesterday

>>9034872
Why would i need to show you my short you fucking idiot.
I just unironically typed a paragraph of shit explaining why bitcoin is going to crash, but im actually long 50x??

You should know by now anything said on these boards have no effect whatsover on price. You know that, right?

I'm doing you all a favour and letting my anger out at the same time.

Be thankful or fuck off.

>>9034732
>Look at the 2014-15 bear market
Anon I don't think you know what caused that...Cyprus banking closure, 10% taken out of accounts. The rich where storing their money, its better to have 5% of something, than 100% of nothing

>>9034922
A bubble of hype and extremely unsustainable growth, coupled with some shit events.

Wow when was the last time that happened i wonder...

>>9034732
>banker fud back on biz
bull run confirmed
>banker fud intensifying
bull run to 40k btc indicated
thanks OP for your valuable contribution

>>9034732
I agree with you but this year we have supposedly Goldman Sachs entering the market, they indirectly acquired Poloniex on which they will open fiat trading pairs, supposedly they want to make it as easy for traditional investors to buy cryptos as they buy stocks, there are rumors the US government has been working on integrating blockchain technology to many of their services, regulations are very open to let the market flourish, supposedly there are billions worth of cryptos being bought OTC by big players (sometimes single buys of over $100 million), a lot of the FUD is already behind us, Kobayashi won't sell again Mtgox coins before at least September, Consensus conference in May, ...

So I don't know, if the banks want to take control of the market they could be buying en masse.

What FUD is there left to play? China banning bitcoin mining, Tether imploding, exchanges being hacked or forbidding US customers, but is that really enough to push BTC down to below 2k as some predicted?

>this is a suckers rally

>>9034946
>blockchain =/ crypto
>We need regulations to flourish in the long-term
>jap whale won't sell his coins till september - why not start the bull run after that? Surely you dont think investors will put their hard-earned money on an asset that will probably get dumped on come september.
>supposedly, supposedly, supposedly..... I'm hearing a lot of bullshit bulltard rumours.
>You'd be surprised what sort of fud will come out. Personally, tether imploding would be my favourite.

>>9034943
Different, you need to look into, that WILL happen again. the fomo was over price this time for ppl that don't know how to invest. In '13 those rich that bought into, they simply held it was just a spike. it was not a pump and dump as Dec to Feb/Mar. WAY more ppl involved now. sorry you don't know what you are on about

>This is a sucker's rally.

>>9034991
Blockchain adoption legitimizes crypto investments in the eye of the traditional investor
September would be the earliest, might be much later might be never
I'm saying supposedly cause I can't give absolute proof but there is a lot of circumstancial evidence
I used to think tether imploding would crash the market to oblivion, but look how long it's been? They've come up with another pegged token, TrueUSD, if the banks or whoever don't want to crash the market they could make people progressively move from USDT to TUSD and then let Tether crash once no one is holding it anymore, and then it will be a drop in the ocean as if the huge scam had never happened

>>9035022
>just a spike
>not a pump and dump

Sorry, you do not know what you are on about.

It took one single month to go from 19k to 6k, the people who think that volatility has magically vanished are deluded

I'm shorting since 6900 and I feel SICK

>>9035056
If tether implodes we would literally go sub 1k. I would love to buy some coins at that price, albeit it would probably set the next bullrun back a year or two.

Agree with you on the other points.

>>9034732
Imagine being this fkn retarded

>>9035088
Sub 1k, dosnt realise that so much money is on the sidelines they couldn’t crash it through 6k so btfo

>>9035113
I said if tether implodes genius. Stop wasting my time.

>>9035088
>If tether implodes we would literally go sub 1k
Unless as I said they make it so by the time it is seen as worthless no one is holding it anymore, people have been crying wolf for a year, media have been talking about it and still nothing? What is with this new TUSD pegged token that got added to Bittrex? Bittrex is closely working with US regulators. It smells to me as if they want to make people move from USDT to TUSD, that's something they could do progressively over many months, and then what impact would Tether have anymore?

It seems to me BTC has been one huge pump and dump for many years, on bigger and bigger scales, the biggest holders are the ones driving the price up and down, now we are on the way down, but what if this year it's different because the banks want to take control? I assume it would be in their interest too to let the price fall as much as possible, but then if too many hedge funds want to enter too and depending on whatever is going on behind the scenes maybe the support is much much higher than 1k, potentially 6.5k could be the bottom. I used to be absolutely convinced it would go to 1k, but not anymore, I've been fucked too much in ways I didn't expect that I consider the possibility it just might not come crashing down.

>>9035178
Correct the hype cycles we have seen for the past 10 years is the process of maturation for a new asset class.

Only thing you said wrong is that they get bigger and bigger, but the swings get smaller, just the price gets higher (higher lowers etc.)

I don't think tether will implode. Its just tin-foil hat conspiracies. Bitfinex is a massive company with lots of money. They wouldnt run the risk imo

>>9034921
Because if you have no short you don't actually believe your little diatribe, why piss into the wind like this, unless you like watersports.

>>9035215
Right now I'm not even trading bitcoin. Just watching. I don't mind getting a bit wet either.

>>9035240
What would it take for you to become bullish?

>Average length of BTC bear markets is 71 days
>Daily close above major resistance on the log chart
>Talk of major institutional investors entering the market after a 68% retracement

>>9035204
cant you just trade btc for actual USD on GDAX, so you dont even have to run the risk of tether

>>9035605
If we break 12k convincingly.

And i need the volume back. If we have heaps of volume I'd feel safer going long, since it would be alot harder for bearwhales to crash it again.

Right now i'm not seeing anything worth getting excited over.

>>9035686
Fair

>>9034732
what did you sell at anon? 7000? 6500? when will you buy back in? 12,000? 20,000?

>>9035652
Yeah but tether has already cemented its place in the market. It bypasses all the legal requirements for exchanges listing fiat pairs.

Without tether we wouldnt be anywhere near where we are today

>>9035652
only if you're american

>>9035686
localbitcoin's volume has like trippled in the last month. there is less volume on most exchanges because (most) credit cards can't buy crypto anymore

>>9035712
Credit cards not allowing crypto is a good thing. Might not let us pump as high but atleast the corrections wont be so severe.

I can't comment on localbtc's volume i havnt looked into it. I doubt its making up for all the lost volume in general though.

>>9034944
Lol nailed it

i agree short with max leverage OP

>>9035074
What theFuck is wrong with you...

>>9035686
>buy high
A true /biz/tard.

>>9035833

>>9035686
>ill only buy if we go 30% higher from here

quintessential /biz/inessman

>>9034732
>There's still shit-all volume
why do brainlets always say this? we're at 7 billion in BTC volume, that's more than we had at the beginning of december when BTC was at $12k

>>9035833
>>9035865
If we break 12k with volume than i wont be buying to top anyway.

You both spend too much time on here to understand.

>>9034805
>Right now whales are still trying to shake out the traders and dumb money

whales are a meme you fucking idiot, the only shaking out that happens is people who expect 100x in a week get rekt

>>9036091
lol whales are no meme mate, keep living your fairytale

>muh whales!
>muh bankers!
>muh soros!
>take me seriously!

almost forgot to sage

>>9036846
>if you think whales arent real you really have no idea whats going on and what moves the market
>never mentioned bankers
>soros = a blanket term to describe those 'investment funds' that popped their heads out the past week or so
>don't care

>>9034732
This is quite the "bounce"