/biz/ - Business & Finance

>>9086563
About 3 hours ago.

>>9086563
It’s totally healthy after what happened over the last two weeks

>>9086563
I'm holding until I die.

>>9086696
This. We're up 50% in 16 days, lol.

It was overdue, the bull run should resume in a few hours top.

Alts will bleed for a few days though.

Screencap this shit.

>>9086711

Me too

>>9086727
>>9086712
Everyone with half a brain realizes this. Just relax

>>9086739
What I don't know is where to put my bids now.

A thousand keks at everyone thinking this bull run was anything but whales market manipulation.

I've said this a million times; the real reason for the big crash is still looming over head. Tether is still fucking propping the entire market on air.

No coin market will be going on a december like rise until Tether gets dismantled and the ensuing mega crash. After that the market can start recovering again without blatant fucking coin printing.

This is just dead cat bounce 2.0.

>>9086727
>>9086712
>>9086696
Where do you foresee the bottom of this dump being? Do you think we'll climb to $10,000 thereafter, or is sideways movement in the cards?

t. brainlet

I really hate the fact that there are so many legit brainlets on this board. There's literally nothing special about this move and you can figure it out with the simplest fucking pleb TA there is. Look at the fucking Bolliger Bands. Extented over the upper band, drops down to middle band and resumes. Literally the most normal thing in the world.

>>9086840
sideways until the next whale mega-candle, it's just how the market is now until we hit new ATHs and normies flood back in

>>9086840

No idea but it would be a good idea to load up on btc while under $10k...

>>9086900

>loading up before the inevitable $4k btc

>tether bust
>mtgox cashout
>add a bit of panic
Could literally be below 2k this year

>>9086563
The RSI hit 70 so the price dropped and then it will bounce back up again.

What fucking part of this looks unhealthy to you?

>>9086942
>no mtgox dump until september
>tether fud turned out to be overblown

>>9087010
>>tether fud turned out to be overblown
lel nope

People just stopped talking about it cause it didnt fit positive news circle jerk.

It is still literally a ticking time bomb, and if you think anything else you are in denial.

>>9086878
Back to $8800 we go, it seems. Maybe $9000 holds for long enough that it'll be the bottom.

>>9086793
Yeah those KRW/BTC Koreans sure love Tether.

USDT could die tomorrow and only FUD would cause a temporary price drop. Their market cap is insignificant.

See you at dead cat bounce 3.0, 4.0, 5,0, 6.0, etc.

Permabears, man. You have my sympathy.

>>9087126

Stop trying to predict the bottom and just buy on the uptrend.

>>9087173
I'm done accumulating, actually; can't justify putting any more in right now given my risk profile. Just trying to figure out if we're done crashing because if we really are going to revisit $6000, or hit $3000 even, like some bears are claiming, it'd be nice to sell now and rebuy cheaper.

>>9087201

So you're in for the long term I see, a 12 hours correction shouldn't make you sweat like that.

Just wait and see, you don't have to trade every dip.
As they say, if you don't know what to do, don't do anything.

>>9087148
ahahahahah

does anyone have the brainlet image where he plays with a bear and a bull?
Would be nice.

>>9086563
When cryptocurrency stops being the fundamentally world changing innovation in human affairs, ie. Never

>>9086889

Fuck yeah, hope so.

>>9087201

Bear here (as in I'm short). It won't hit 3k kek. We'll see 6.5 again.....maybe. I think this might be a bear trap actually - my close order is trailing down tight as hell.

>>9087251
Condescending laughter inspired by your own ignorance doesn’t make you correct you permabear retard.

>>9086793

Lol you sound like those “we need le gold standard” faggots

>>9086563

Not bearish yet, but this is a pretty hard rejection off the 10000ish level. Everyone who bought above here is feeling pretty stupid at this point and it'll make new buyers much more cautious. We need a few days of consolidation to confirm the 9000 level as new support, but if we fall below here rapidly (to say 8.7) that feels quite bearish to me. The alternate case is we haven't had much 4 hour pullbacks on the way up so we're just getting them all in at once here.

>>9087407
we won't see that again, we are on the uptrend away from 6k where btc double bottomed the correction will go down to 8k and then we'll crawl back up to 10k where we'll see another drop down again

Still an uptrend

>>9087222
This is what I'm doing (nothing, i.e., HODLing). Doesn't make it any scary; a dump of this magnitude and duration (it's literally STILL going as I type this - seven hours straight of red hourlies) reminds me a lot of the "bad days" I though we'd finally moved beyond.

>>9088686
*doesn't make it any LESS scary

>>9086563
>volume higher than all of 2017 except december
>"4k BTC U FAGETS ENJOY BEING POOR"
Ye,
nah

>>9088320

>>9088781
do you think you're being funny

>>9088781
>>9088789
seriously this is the dumbest thing ive ever seen.
you should be fucking ashamed of yourself

>>9087251
>accurate ID color

>>9088320
For now... at this rate it won't be for much longer. Lost a week's worth of gains just like that.

>>9088789
>>9088944
That's valid TA

>>9086878
>mUuUuH tEEeEeeeE AaaaaYYyeLMAO

>>9087114
>moron thinks tether adds usd to market

hahahahaha

If it goes under 7200 it will never come back

>>9087114
>he doesn't use TrueUSD instead of tether
not gonna make it faggot

>>9087447
gold standard has merit as a conservative fiscal strategy to avoid rampant and over extended fractional reserve lending and transition to a purely debt based economy

anyway
>>9086793
>>9087148
is right

tether total marketcap is 2.5 billion out of a total MC of 390 billion which is 0.64% of total MC, that's less than one percent,

then take into account that tether is not the only, or even primary way for new money to enter the market and that all tether must be traded for btc before actually cashing out, but someone has to buy that tether so while it does act as inflation, it does not have the effect that many think it does

also consider the ever growing number of trading pairs, the push towards regulatory compliant alt/fiat pairs,
DEX's, pathfinding, any-for-any capability, even the increased use of BCH pairs and BNB pairs and tether looks more and more like a vestigial organ and not a tumor