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/biz/ - Business & Finance

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58399485 No.58399485 [Reply] [Original]

Why don't people think this is the bottom?

>> No.58399557

last cycle we had 60% dips. Only newfags think this is the bottom

>> No.58399589

>>58399557
>last cycle we had 60% dips
hello bobo

>> No.58399655

because israel is irrational right now and could very well just cause another huge drop.

>> No.58399674

>>58399557
Lots of alts are already down 50%

>> No.58399725

>>58399485
Israeli retaliation, black Monday etfs dump, halving dump. All theoretical.

>> No.58399756

>>58399589
he is right though, i clearly remember having a -60% day with ether and the next week it was at double the price before the crash

crypto is cray cray

>> No.58399818

>>58399485
TEST

>> No.58399872

>>58399485
Anything can happen. The only winning move right now is to hold or buy back in if you sold on time.

>> No.58399904

I watched a news segment on television this morning aimed at normies. It was about bitcoin. Large amounts of technical details were completely wrong, but it was more or less a hit piece that would have the effect of convincing the public that bitcoin is a Chinese conspiracy and that large scale mining operations by Chinese owned corporations will personally ruin their neighborhoods through noise pollution. Keep in mind that this segment was on the national news and is aimed largely at boomers who consider themselves to be "well informed".

I am taking this as a signal that the powers that be are formulating designs that involve cryptocurrency and are getting increasingly noisy about trying to sell their ideas about these designs to the general public, in particular older middle class voters. Whatever they're up to, they're getting their foot in the door with

>We must regulate because Bitcoin is a Chinese conspiracy to ruin YOUR neighborhood

That's going to be a pretty effective sales tactic with a lot of people so I assume that fuckery is imminent at some point in the near future.

>> No.58399927

>>58399485
>Why don't people think this is the bottom?
depending how much money you have on the table panic might win over

>> No.58399943

>>58399756
Everytime I've fucked with crypto, no matter where I've gotten in, it's always immediately plummeted. It doesn't matter what indicators I look at.
I usually trade stocks, but if you can somehow short crypto, maybe I could start a business where ppl pay me to buy it right after they shift lol
With stocks I've had decent success here and there.

>> No.58399948

Bitcoin being above its previous ATH means most people on /biz/ are bullrun tourists. They'll react emotionally to every pump and dump and miss the forest for the trees. They'll keep panic selling and buying back in but that's how the rest of us make money

>> No.58399958

It’s actually a double bottom

>> No.58399962

iran/israel
at first it looked bad and it dumped
seems like it might be stable/might not get worse now
if israel goes hard against iran and we get into large scale war i dont think anyone knows what will happen to btc price. will certainly crash in the short term though.

>> No.58399965

>>58399904
we never left the 1950s, christ

>> No.58399976
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58399976

>>58399485
Because it will only be until all the leveraged fags are out that the market will pump again, expect max pain until we can see green.This is normal, (((they))) need to flush out the weak hands so they can accumulate cheaper, and instantly price these hands with a god candle. Only the most irrational will make it, the emotional will get slaughtered. Alts can still go a lot more down to ATLs even, but I will never sell, because I know how much they want me to give up

>> No.58399983

>>58399674
The bottom will be -95%

>> No.58399993

>>58399976
price out*

>> No.58400032

>>58399943
>Everytime I've fucked with crypto, no matter where I've gotten in, it's always immediately plummeted
yes you should really buy on double digit minus days

>> No.58400045

>>58399485
stock market hasn't opened yet
LMAO WHEEEEE

>> No.58400068

>>58400045
by the time stock market opens its clear nothing will happen

>> No.58400218

>>58399983
what a dream would it be to enter the market

>> No.58400725

>>58399485
$8k is the bottom>>58399557

>> No.58400884

>>58399485
hi

>> No.58400964
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58400964

>>58399725
Yup this exactly. Great post.
Before you "Buy the Dip Bro" recall that traditional markets haven't even got a chance to react to two countries with nukes shooting missiles at each other. Add that shit onto regular cycle dips.

>> No.58401075

>>58399976
Lots of people are in leveraged shorts.

>> No.58401514

>>58401075
It can wick to the upside and nuke again but the disparency between longs and shorts isn't that significant yet for it to matter

>> No.58401626

>>58399485
There are permabears, but it goes without saying, they are idiots.

>> No.58401826

>>58399904
https://www.youtube.com/watch?v=leCxXpFLybY

>> No.58401840

>>58399943
Unironically this has happened with every fucking shit coin I got in on. Every.Fucking.One. Without fail.
Still got in stable coin and make about $200. Waiting for another entry point.

>> No.58401854

>>58399485
>Why don't people think this is the bottom?
Who can predict the future?

>> No.58401896

>>58399485
i'm just never selling and always buying more. i'm like a dog chasing cars really. i wouldn't even know what to do if i made it.

>> No.58401907

>>58399485
This is the bottom for basically anything that isn't the Mag 7 or a bank, rotate into beaten up companies that missed most of the rally so far and you will be rich by EOY.

>> No.58401964

Test

>> No.58402399

>>58399485
Oxygen deprivation in utero. Likely the umbilical cord was wrapped around their neck.

>> No.58402474
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58402474

It's only the beginning

>> No.58402500

>>58399485
test

>> No.58404072

>>58399485
Because the last ATH has been barely explored, the rest is all price discovery

>> No.58404083

>>58401896
>i'm just never selling and always buying more


same here. Glad I bought more lmwr. The shit is fking up, and I'm close to hitting 2x. The next big move could be dua. I'm definitely going to buy at this point.

>>58404072

absolutely. What do you think we are most likely going to end the year with?

>> No.58404086

>>58399818
hello savindu
>>58401964
hello pranayanamarang
>>58402500
hello rajashawarma