/biz/ - Business & Finance

>>9858356
This is barely the start of capitulation phase

>>9858356
Hahahaha no.

Despair will be $1000-$3000 still plenty of way to go

>>9858356
We are at fear right know

This is just the first sell off, OP.

>>9858356
i mean we are in retun to normal do not listen to them the price is about 100

this is capitulation

capitulation will start july 6. everyone was selling for independence day.

>>9858392
Are we though... Really?
Buy more, cost average.
Suck it bears.

I think we're on the cusp of despair

>>9858356
regular people have capitulated, you are just the last of the bunch, aka the biggest idiots alive right now. well i hope at least you'll go down in the history books as the biggest retards ever to participate in a financial market. you'll be an example of how not to.
shout out to all smart people who knew when to sell at least a large part in december though

>>9858356
We are clearly in greed.

>>9858356
Still -2500$ bitcoin price to go friend

We're going to $1500, and it'll take a good remainder of the year to do so

>>9858356
we're still at take off

>>9858356

What if I told you we are actually at that first bear trap where institutional investors are coming into the market?

>>9858503
way too many 0's there, bullfag

>>9858512
lol why would institutional investors pump our bags

>>9858372
Normies have been of the opinion that crypto is dead for months now. They've pretty much all been flushed out. Not sure how you think we haven't long since hit capitulation.

>>9858356
we're still in new paradigm

>>9858512
Open a huge put on SPY ending late September/October. Buy Bitcoin now. Thank me later.

It does this every June. It’s Chinese Arbor Day.

>>9858539
Normies don't count.

>>9858392
the only thing on my mind is whether that was the end of the last downward bart, or if it's slightly delayed and we've got a bit further to fall before the panic sellers' bags are consumed whole by a big green candle upwards, and a new wave of bears is generated.

>>9858471
you don't understand how bitcoin works. almost none of the bears do.

shaking shaking shaking as hard as possible every single trader out.
If there is no one else left to sell, the big ones have to start their buying up.

All those faggets selling and daytrading.
Iron hands would unironically be the saviour of crypto.

I still get warm fuzzy feelings thinking about all the coinfags back in December claiming this was just a meme chart.

>>9858539
well i'm larping but you are likely correct this board is almost dead the same goes for reddit

still a meme chart. btc is worth 6k more than it was last year,

>>9858534

Not saying they necessarily are pumping our bugs, they'd mostly buy OTC I guess. They'll be selling to normies when they FOMO in.

>>9858356
Ummm, nope? We still haven't gotten a proper capitulation. Bubbles don't correct 70%, bubbles don't correct 80%. Bubbles correct 95-99%. Enjoy your 1000$ bitcoin.

>>9858580
No its not, when everyone is holding it just means you make it easier on the market makers to dump, since there's a lot less volume traded.

>>9858471

Well if you were so certain about how this was going to play out you propably had a 100x short on and you're a billionaire now right? Or were you actually just as clueless as everyone else was and just have 20/20 hindsight?

>>9858356
when it go to below 1k i will buy again

>>9858639
Glad bitcoin isn't a bubble and is doing that literally every year. Sometimes even multiple times...the only difference is the time frame which cannot be forseen, obviously.

But this time it popped for sure! This one time...

https://youtu.be/XbZ8zDpX2Mg

>>9858356

if you adjust the timeframe used to look at this graph you will see that this shit has played out a million times already. without fail when there's a downswing people post this and claim we're in the fear/capitulation phase. ill let you in on a little something. remember when people were saying this would be the greatest generational wealth transfer? (((they))) wouldn't allow that to happen. all of the good goys are dumping now. when it gets low enough the major players are going to jam it, and those whose hands werent strong enough will have missed their only chance to get rich

Feels like capitulation.

>>9858665
sure, just know when to SELL also this time fucking idiots. you aren't a fucking pension fund, you are a trader

>>9858704

Wowee, can't wait for the time a single bitcoin crashes down to 65 trillion dollars and then moons to 49 septillion. I mean, it's going to do this right? I can never TRULY go down.

>>9858808
holy fuck based

>>9858356
We need 5500 for despair

We need to sell

Someone make the goddamn sacrifice already holy fuck

i don't want another three years of this sidewards bullshit

fuck

fuck you marius

FUCK

>>9858356
Almost at Denial

>>9858507
>>9858478
>>9858873
Yeah we're gonna keep crashing so hard the value of bitcoin will soon be negative and the Mt Gox trustee will be paying us to offload his bitcoin. The only logical outcome.

Slightly better one

Good. Bitcoin is the real shitcoin and needs to fucking die. I'm sick of everything being tethered to this antiquated piece of shit.

>>9858372
Capitulation phase is relatively fast. It’s a panic cycle.

>>9858975
Agreed and I hope it happens sooner than later. Rip off the band-aid.

Despair is sub 1k with all alts being worth nothing.

>>9858356
You are here

>>9859002
We haven't seen a panic cycle yet. This crash has been so far very controlled, panic would be crashing at a rate of thousands in a very short period of time and that still hasn't happened.

Still in denial, just look at this board

>>9858512
I'd tell you that you suffer from wishful thinking. How much did you lose already?

>>9858975
BTC literally is the master shitcoin. It's slow and useless as fuck.

>>9859095

How many times did you buy high and sell low?

>>9859060
>>9858372
>>9858392
>>9858409
>>9858417
>Down more than 50% from ATH, nearing 75%
>HURRRRR WE HAVEN'T EVEN BEGUN TO CRASH YET. WE'RE STILL NEAR THE TOP OF THE CHART AT FEAR AND CAPITULATION DURRRR

The absolute state of these perma-bears

>>9859071
we get in 46 days from 20 000 to 5800 i would say that that is fast

>still no real world use case for crypto after ten years

>>9859178

just cap their posts to laugh at them later. either this board is filled with people who haven't lurked long enough or it's nocoiners who somehow believe they're correct despite predicting a bottom-out like 20 times last year

>>9859193
this argument is false

>>9859193

The problem is there is no adoption because there's no use case and there's no use case because there's no adoption.

D E N I A L

>>9859060
how is 6.5k close to the ATH which is 20k?
Hmmm

>>9859208
Include me in the cap mate. This shit gonna hit 5k

cope

>>9859245
Why would you risk waiting for 5k when we are at 6.5k and the upside is way higher than the downside.

>>9858639
>muh random % is the truth

kys

>>9859245

i actually agree with you, though i think it'll be closer to 5200. didn't mean to imply i'd be vindicated within the next week

>>9858356
you havent seen true despair. When those who bought at +10k are 95% down, thats when we buy

>>9858704
>le bitcoin always crashes meme xD

debil spotted, kys

>>9859193
>tax evasion
>CP
>terrorism
>bribes
>gambling
>trustless money

You sure about that bro?

>>9858863
Hello new friend what brings you from Pinterest?

>>9858868
>Marius is your classic counter indicator.

How haven’t you realized this

>>9859193
we just need some malware that uses 0days to spread and only accepts btc as payments

as some anon said it:

State approved exchanged from financial institutes comming this year.
Regulations regarding cryptos so law-abbiding companys can handle cryptos

The current market is here to get as cheap into crypto as possible for the big ones.


Give me one good reason why crypto won't see a moon in the near future again?
Everything is currently under development so that normies and companies can get into crypto.

>>9858356
I agree, I think 6k (number is straight out of my log cutter besides the last big bounce) is the mean. I just saw that $200 drop to 6.5 and for the first time in crypto I said "fuck it we are done". I was afraid in January and I capitulated after we broke 8k the first time. I think I'm entering despair....which makes me not despair in a way.....so I'm confused

>>9858868
Fuck you too cunt.

>96% accurate
>sign up to be a Cryptofriend now and enter promo code "JUSTED" for a 1% discount

>>9859208
I don't even feel sorry for people like you because you're so dumb you won't even be able to realize you were wrong after the fact

>>9858808
>>9858841
No
This is return to "normal"
The drop is coming

>>9859262
I haven't sold shit. I'm here for a long time, not for a good time.

>>9859643
This, lmao. He'll be saying the same thing at 5k soon enough.

>>9859538
Because current price is not a reflection of any of those news. Dude, we hit 20k a BTC without a single functional crypto ffs. A heavy correction is due, and it will be ugly.

Institutional money, come one we clearly ate at this point, so many big companies are just now, making exchanges and it's becoming more adult, government has set let's call them new rules, ect ect, look at dot com, only now are they setting rules now, digital media is only at fear

>>9859632
KEK

>>9858372
>>9858377
>>9858409
>>9858808
>>9858841
>>9858948
>>9859060
>>9859088
>>9859421
>>9859643
>>9859688

>>9859243
You think this chart is an exact course? How dumb are you? It's a guide not an exact plot line. You do realize this, no?

>>9859731

so when NASDAQ exchange goes live, followed by other exchanges powered by financiall companies, thw crypto world will do nothing?

No one is going to invest in crypto?
We will going down even more to the shitter?

Those big guys spending tons of money to set everything up only to lose money?
Nonono, keep telling yourself that crypto is over, this time for sure.

>>9858356
We're unironically in the first bear trap.

>>9859863
The funny thing is, after the next bull run, we will say that the following drop is the first bear trap.

I started drinking because of this
:(

>>9859863

This. You people actually think mania is below trillion mcap for a global market? This market is fucking tiny lol. December-january was literally just Asia(mostly South Korea) FOMOing in to the market. Did you people already forgot "the South Korea premium"?.

>>9859670
>bitcoin
>"normal"
welcome, newfriend

>>9859947
>this time its different guise !!!1

your retard is showing

>>9859913
It depends on where the next bull run takes us. If it goes to $20k then I would call the next drop a bear trap.

>>9859924
Yeah, even BTC alone is tiny. We're not even close to dotcom bubble levels. We are on this rollercoaster for awhile yet. I don't really care about the bear faggots in this thread, we know what is going on

>>9859863

>>9859670
>6k
>return to normal
jesus christ

>>9859962
show me the "normal" price of bitcoin...
>>this time its different guise !!!1
the fuck are you talking about?

>>9859671
this.
In crypto you only sell on the big bubble tops. December was the time to sell btc. January was the time to sell alts.
Now its time to DCA and adding to existing holds.
Selling now has a big chance of getting left in the dust

>>9859840
>>9859863
>>9859913
cope.

You have a lot of faith in a project that doesn't make sense in its current state. Bitcoin + LN is not Bitcoin, that's just a bank, a shitty and highly illiquid one by the way.

You are just talking about faith, yet you forget that every fundamental about Bitcoin has been in the shitter for months. If you are here to speculate, fine, you could make some money short term, but if you are here to see a REAL INDEPENDENT asset being traded with the big boys, you are fucked unless that asset is ETH. You can't refute this, and that's why Bitcoin has a long way to go down if those who hold since the beginning, like Roger Ver, decide it's time to dump it all.

>>9859863
In the grand scheme of things that is correct. Short term we are close to despair or in it. We can only tell after its done

>>9859988
Production cost of BTC which is around 5k-6k, then you take in account the deflationary nature of bitcoin and the limited number of btc. On top of that you take in account some speculation mixed with a store of a value thought plus a global reserve currency and then you will see, the sky is the limit.

>>9860020
I thought we all knew BCH is bitcoin now? This is a redpilled board no?

>>9860020
guess what, those who controll the bigger picture and just want to make money with stupid normies in crypto don't care about such technical stuff.

Crypto will be >1trillion 2018/19
Why? because there is money to made, that's why

>>9860020
>blah blah blah
>BTC GUNNA CRASH GOLDMEN SOCKS TELL ME

Yeah I don't give a fuck what you say, nothing you wrote is even worth reading twice over. HODL or get left in the fucking dust. I don't give a fuck about a poorfag peasant like you.

>>9859732
I think this guy has a point, but he's making it hard to understand

basedboys will say it ain't true

>>9860049
I'm not so sure. Just take a look at some of the last threads about Bitcoin Cash, it's pathetic.

>>9860074
That argument is retarded since (((they))) can make money both ways, thanks to futures. There is no need to have a straight line upwards.

It's crazy desu, the further down we go the happier I get and I'm not even shorting. I'm learning classical piano and just waiting for the crisis to really hit.

>>9860074
>>9860090
>Crypto 1 trillion 2018-2019
>HODL

Holy shit you are really that retarded? LMAO

>BTC price drops almost 70%
>"BITCOIN HASNT EVEN STARTED THE DROP YET, IT'S ONLY BEGINNING

It would be funnier if the intentional FUD was created by people that actually put effort into their shit bait

>>9859758
And youre going to my delusional compilation. MUH 2018 BULL RUN. get the fuck out normie

>>9859758
This meme is so fucking dead that you are in fact the cringe

>>9858659

>volume make price go up.

Anon, just go look at some charts. That's not how volume works....

>>9860020
>ETH
>Centralised broken shitcoin that can't scale
kek

Here I was all sad I didn't get to buy the dip. We'll it looks now there will be a chance again.

>>9859732
are you from Finland or Germany?

Brainlets it's going to go back up
Cryptocurrencies are still relatively new and not going away, at least until (like any good idea/invention from the private sector) the public sector absorbs it and makes it theirs

>>9860214
No, it only makes it funnier

>>9860326
I worded that kind of retarded. *until the state absorbs it
Just sell before then

>>9858377
I agree, $1.5-$2k is the lowest I see btc going.

>>9858372
>it can't go below 6k so it must moon after CONsensus, the 6th, look at this TA...
Still in "return to normal"

How many tokens are above ICO price?
Until they all look like the bitconnect chart there is no despair.

>>9859178
What crash? Bitcoin is up by over 600% from last year.
Let's focus on spreading adoption guys.

THIS IS THE NEW PARADIGM. GET OUT. NOW.

>>9860201
>>9860214

>>9860547
>bitcoin at 100$ in 2018
>GUISEEE BITCOIN IS STILL UP FROM 2009!!! WE ARE WINNING§

>>9860326
They are not going away, but we are due to a really ugly crash.

BTC is not worth 6k.

>>9858377
>back to early 2017 levels
>despair
how about $200 again?

>>9860650
>BTC is not worth 6k.

How do you know?

>>9860694
man im looking forward either way it goes im at peace.

>>9859193
You forgot the thousands of drug related transactions fren

>>9860694

Actually it's still worth over 6k so. You're literally wrong.

Based on anecdotal evidence, the december bubble was the "awareness" phase and not the "mania" phase. Of the 50-some odd millenials through boomers that I know, zero of them actually bought any crypto. Some other entity was what made it explode, likely to garner the awareness of these folks.

>>9860361
btc will never ever hit again triple digits for sure. My guess that 2k is hte bottom

>>9861672
it's selling for 6k. "fair market value" doesnt necessarily represent true value. sudden corrections can and do happen. nobody knows bitcoins true value to the economy because of how new and unexplored the tech is relatively so it's speculative by nature.

>>9861991
>the december bubble was the "awareness" phase and not the "mania" phase

this feels right. almost everybody I know has heard about bitcoin and crypto now. hardly anybody actually owns any.
>thinking we aren't basically still on the ground floor

>>9858659
Sure, it’s easier to dump but what kind of imbecile dumps at a loss. You need someone to actually sell to.

>>9861991
>>9862123
it was definitely mania, but compared to previous crypto mania (ie 100x) it was nothing

>>9858512
you are dumb
they have been in since 2012
even Novogratz admitted it

i honestly feel like we are going to 4k.

Actually we are at "Denial" phase. Still got a long ways to go. Prove me wrong.

>>9862567

Plot Twist: We are on the "Take Off"

just bought 100k

>>9862361

Dude, even Novogratz said it wasn't THE bubble yet and he expects a 20 trillion market cap for crypto.

The Gemini Super New Moon is coming, so get ready to have some fun and tackle some exhilarating projects! On June 14th, 2018 at 3:44pm EST, a powerful New Moon in the sign of Gemini will be upon us.The emphasis on new and different is high for this moon as Mars (ruling action and activity) is moving through Aquarius, encouraging you to step outside of your normal comfort zones and “do different.”This new moon will be amazing for crptos and will herald a complete turnabout and a parabolic shift that will herald the bull run of all bull runs.

>>9862567
Lmfao

>>9858397
>the first sell off

>>9862975
Nah that's too far. Peak was 20k, we're at 6.5k. Means we're already 67.5% down. There's still dumping room, but that much.

>>9863272
wrong quote, should be >>9862567

>>9862123
>>9861991
yep... we unfortunately wait for a bottom, i would say no less than 5.5k based on my limited understanding of mining/econ, but crypto holders are still weird; the adoption curve has only begun and price-be-damned, all those who have started crypto projects haven't stopped for the most part.
>Im_not_fucking_selling.jpg

>>9858356
>close to despair
>literally optimistic for the future
are you some kind of megabrainlet?

https://www.tradingview.com/chart/?symbol=BITFINEX:BTCUSDSHORTS

"Return to Normal" for bears.

>>9859913
>next bull run

There won't be another bullrun.

>>9864377
could you explain what this means?

>>9865454
It means we are going sideways then up

Im not even going to bother explaining which phase we are on becuase youre a bunch of circle jerking egotistic fags

>>9858417
>mfw everyone will soon be liberated from their bags

>>9858639
I've been thinking about this and he could be right. Why? You don't think these faggot bankers don't want their 100x too? No better way to do it than to drive the price down (which they haven't yet...you retards are doing that on your own), then pump this mother fucker to $100,000 a coin. You'll see $10,000+ ETH after it drops to about $125. Cap this. It will be a fun read on March 7th, 2021.

>>9859193
>fiat still sucks after centuries

>>9859214
True, crypto transfers wealth from the poor to the rich.

>>9860688
I would fill my bags at this price for shure

>>9865507
If I ever see $1000 BTC again, I am unironically going all in. I bet there are many people like me too. This tells me we won't see $1000. My guess is $3k

>>9858595
>this board is almost dead
brainlet

>>9858356
>>9858356
You must be kidding, despair has yet to come.
We are between fear and capitulation.

>>9865996
Except you won't go all in, because you will keep pushing goalposts like a little bitch and saying "Hurr, wait til it drops 500$ then I will buy for sure". pathetic

>>9859193
FunFair is reaching it soon.

>>9858356
lol ironically we're close to capitulation in BTC. Most Altcoins are already in capitulation. When 6,4k breaks it'll dump like crazy.

>>9858567
of course they count you fucking retard, otherwise the pump didn't count either you donkey

>>9858356
Already close to Return to Mean

Pro tip: once manipulations stop happening so openly start buying. So as soon as weird barts and sudden crashes stop start accumulating. The december pump wasn't normie pump. Everything is organized.

>>9858356
seriously news every where
its a 3 year lul between run ups, the despair is circa $900 buck.

recall its has be from $30 to 2 dollars

thats 20K to less than 1K by some margin

Sure does look like Bitcoin will take off aaaany moment now

>>9858356
>muh meme hindsight squiggly line with no scale applied to a continuous time series which has similar patterns in 1 min or 1 decade

>>9860214
So true, forced memes always fail.

>>9866698

lol nah, $1000 BTC is very fucking nice

>>9866698
this is why you only sell the parabolic tops and DCA inbetween the bubblecycles. Its the guaranteed way to get rich in crypto. As long as you stick with big-name bluechip coins

>>9867543
log scale on fucking brainlet

>>9865996
More like $150

based on biz sentiment I am buying

>>9863232
>$100k/BTC in 2018

>>9858356
shit im starting to think we are only just moving into fear

>>9860688
i hope so. will shut all those crypto faggots up

>>9858775
and THAT is the truth
Saw it in 1999 and 2008 in the Stock market.
Almost everyone sold the low and most people never got back in.

https://www.youtube.com/watch?v=4-RXbfOo-F0

Perspective

>>9859336
MIners will start buying WAY before that

>>9859913
The market is designed to fool the most people possible and transfer wealth from the impatient to the patient.

>>9867543
use log scale on long term charts.. jeesh

>>9867770
i sold the $3k top because at the time it was parabolic
it's been a year and newfags are discussing despair while bitcoin's price is still more than TWICE what i sold most of mine for

>>9867543
Here's the chart you need to post

>>9860105
>ID starts with OK
have an ok time friend

>>9869156
Don't think so princess

>>9869338
>Company X is worth $100
>(You) sold company X at $20 from buying at $2
>Company X drops to $50 due to faggotry
>"I sold at $20 back in the day so the drop is just starting"

Makes sense.

Approaching despair, which is 4-5k. In the long run it's the first sell off. I work at Goldman.

>>9860214
that's a foolish statement.

it's funny because cringe culture is cringeworthy itself and posting the shrek meme is an act of taking a piss on it

IM FEELING A LOT OF DESPAIR NIGGERS

>>9860105
>pianist

>>9858372
FPBP

We're about to hit the "bull trap" part.... You guys are so gullible its ridiculous..

>>9867543

It actually does.
3rd time testing support at 6400.
Everytime it bounced the cucks sold quickly because they couldn't handle the losses from 20k so they just sold what they thought was the last "top".

If we hold 6400 again i don't think there will be a 4th attempt as the cucks who sold will FOMO the FUCK back in once it goes beyond where they sold.

The sellers wlil eventually run out. When there isn't enough people who missed the 20k sell nor enough people happy with a 1000-2000 USD profit ( about 25% currently ). People want 500%, 1000% not 25%

Alternatively we keep bouncing 25% up and down for another year. But that's boring. Crypto wasn't meant to be boring and the masses will never FOMO in on these movements.

tldr: if 6500 holds again we go 10k. If 10 breaks we have our bullrun to 15k. IF THAT HOLDS. 20k IF THAT HOLDS then MccAfee won't be eating dick.

>>9867343
Yeah, institutionals are secretly buying something you could mine with pic related back in the day almost for free.

Holy crap conspiracy fags are annoying