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/biz/ - Business & Finance

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10023036 No.10023036 [Reply] [Original]

The 2017 bullrun was fucking insane now that dust is settling and you reflect back on it. Literally, once in a life time event. There are some smart and/or lucky people who made out like bandits and will never have to wagekek again. Then there are people like me holding on to measly profits with portfolio losing nearly 90% since ATH. Sigh.


Is it fair to say that another run like that is near fucking impossible? I would love to be fucking wrong and have another crack at it. Nonetheless, the ups and downs from that run, not including the crash since Jan, were fucking exhilarating. Share your thoughts anons.

>> No.10023059

>>10023036
Bitcoin has had multiple runs like that in the past, while that doesn't mean there will necessarily be another in the future it does mean that its not impossible.

>> No.10023070

I was thinking about that earlier today. Imagine being an experienced trader into bitcoin since 2012-13 and witnessing all that happened between october and january... Shit must have been crazy/awesome for those not blinded by ignorance

>> No.10023287

was my first bubble. i did not sell anything altough i was like 50x up from initial investment. i hope we will get another chance. but ye who knows

>> No.10023331

>>10023059
It is basically impossible though. Trading volume is very high now, much higher than it was during the 2017 bull run. And since volume confirms price, it's safe to say the price at $6,000 is much more reasonable than it was at $18,000. And you can completely forget about nonsense like $30k or $50k: there simply aren't enough buyers left.

>> No.10023332
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10023332

>>10023036
be patient fren

>> No.10023347

Big boys prepping for public mass entry, it’ll be 20k absolutely again

>> No.10023362

there are once in a life time opportunites everyday. pick a stock, buy it on margin, and u could still make a lot

>> No.10023364

BUTTCORN WILL NEVER REACH 100 DOLLAR PER COIN
THAT WOULD BE INSANE AND YOU ARE CRAZY IF U BELIEVE THAT!!!

>> No.10023372

>>10023347
>Big boys prepping for public mass entry

Yeah, at $2k a BTC

>> No.10023380

>>10023347
Yup they all paving the road for regulators and big buyers. Meanwhile they short the shit out of it so they can get last years prices. If you sell now youre just giving some rich fuckers free money

>> No.10023394

>>10023372
I would pick 10 at that price myself

>> No.10023408

it's heading to sub 2k lads

>> No.10023447

To anyone saying it could happen again, how? we are basically over the normie invasion phase. If you were here last summer, we always talked about and fantasized about the golden bull run when normies will flud the market and buy our bags for ridiculous prices. Well, that already happen, and it probably caught most of us by surprise how fast it happened, but it did. And now it's over. Who's going to pump our bags now? institutional investors? Let's not be silly. They were either already in or watched the craze come and go, they know better than putting millions into a speculative asset that just had an insane, once in a lifetime bubble that just burst. I think this might be over for good, or at the very best, for a very long time.

>> No.10023463

>>10023447
>please sell
Nice try faggot

>> No.10023464

>>10023447
>we are basically over the normie invasion phase

People say that every cycle to some extent, and now there's blood in the water for the kind of money that can get made off of other people with crypto. The rich can easily pump up lower valued crypto to kickstart everything again to make themselves richer

>> No.10023497

>>10023331
People said similar shit at 1k. It'll bleed down to 3-4k, go sideways another year or so, and then begin another ascent around the time of the next halving.

>> No.10023503

>>10023463
>>10023464
Be real for a second. Forget your bags. Look at what just happened. Did crypto EVER had this much exposure? we had literal niggers and celebs shilling coins and shit. Who else is left? the boomers? they'll never invest in crypto, at least not by themselves. The younger generation does not have the capital to have any major impact on crypto. Who the fuck is going to buy this shit, especially after the biggest bubble in our lifetime that has just burst?

>> No.10023509

>>10023503
>Forget your bags.

I don't have any. I cashed out and now wait for what I think is gonna be the bottom

>> No.10023563
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10023563

>>10023036
Yes and at 100k you won't believe it can go higher either. Why the fuck would that ever happen? But it will. Reduce exposure during the bear and increase it during the bull. Think about how you would want to use this once you had a lot and how would you like to keep it safer here than in other places. When does the bear end? I don't fucking know, stopping making lower highs would be a good start. I think that 3-4 months of not seeing 10k would make a lot of people lose faith but maybe we need more or maybe we need less. Until the money moves into the strongest hands only. It will happen when it needs to happen if it needs to happen.

>> No.10023570

There is magic in /biz/.

>> No.10023579

>>10023036
The only difference between 2017 & 2018 is that quality ICO's are now forming & creating utilitarian based products. For instance ZAN Coin is an ICO I recently invested in & they're only utilizing blockchain based tech to help solve problems their business faces on a daily basis. ICO's in 2017 we're creating value out of thin air & abusing an industry that was ripe for the picking.

>> No.10023596
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10023596

>>10023503
>get your bags. Look at what just happened. Did crypto EVER had this much exposure? we had literal niggers and celebs shilling coins and shit. Who else is left? the boomers? they'll never invest in crypto, at least not by themselves. The younger generation does not have the capital to have any major impact on crypto. Who the fuck is going to buy this shit, especially after the biggest bubble in our lifetime that has just burst?

you just exposed the golden ticket...the new generation are just about to start earning real capital...will they invest ina failing real estate burst within major cities that they can barely afford or take a chance at the next revolution in economy?? Do you really think people aged 25~ arent about to get into positions of making over 100k/year?? you stupid retard...theyve seen the possibilities of crypto and know how to navigate the technical side of it, and once things start to hit you better believe they will get their boomer ass parents involved once their parents start seeing the gains they make this year. STOP THE FUD , LETS BEGIN THIS DELAYED GOLDEN BULL

>> No.10023601

>>10023036
I bet you still reminisce on the first and only kiss you had in your life. Fucking faggot, learn to wait.

>> No.10023612

>>10023036
Literally buy up as much as you can now, even if it keeps dropping to 4K. Price average in and buy dips you fucking retards. How much more obvious can it get....this is the point where smart people buy smart coins and become rich next year....the whales didnt get rich by buying into bull markets you abosulte fuciking mongoloids... DYOR AND DO IT NOW

>> No.10023616

>>10023612
how big is your portfolio fren?

>> No.10023625

>>10023616
its what i can afford to lose.

>> No.10023626

>>10023625
how much in terms of USD

>> No.10023627

>>10023380
Yes. The January dump was brought on by the commodity BTC ETF falling through. It would have kept going until 401Ks could soak the cash out. The last 6 months have been large holders hitting rewind while regulators maneuver and reshape the market for another shot at the ETF. When that looks likely, expect another run up.

>> No.10023629

>>10023036
>>10023331
there will be new bull runs and exponential growth until bitcoin fills the market share of the world's wealth it's meant to (which anywhere between 75-1500 trillion USD)

>> No.10023635

>>10023626
fuck off IRS FAGGOT

>> No.10023637

>>10023635
thought so, retard

>> No.10023645

>>10023637
100k link you crotch sniffing traitor to freedom

>> No.10023647

>>10023645
kek
saged, thread hidden
enjoy being a retard

>> No.10023684

>>10023647
witness the power of mods on this shitcoin board.
Such elusive. 100% dogecoin.
post your gainless portfolio now nigger or remain poor forever.

>> No.10023687

>>10023036
>Is it fair to say that another run like that is near fucking impossible?
I wouldn't say it's impossible, it's just highly unlikely.

>> No.10023697

>>10023347
The "big boys" have zero interest in crypto, and that's all just a meme invented here by scammers and desperate no-lambos.

>> No.10023710

>>10023503
What buubble u uneducated cunt?
700bln$ that hardly impacts a life of a small eastern european country. IT people and neets mixed with band of black retards loaning houses which they dont own to get free money so their mama can eat more kfc.
Stop crying over ur 5k$-gonna-make-it silly portfolio. Pick up good projects, learn investing fundaments and do it lol.
U probably domt evrn have stop losses dont u?

>> No.10023712

>>10023503
All of this happened shortly before MtGox as well. Not as big, but tons of mainstream exposure even still. The big difference is access, not notoriety. It's far easier to get into the game now than it was 5 years ago, which means it's also easier to cash out.

>> No.10023723
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10023723

>>10023712
its almost impossible to buy crypto in Canada without jumping through a bunch of hoops and KYC...its by no means a straight forward process...

>> No.10023728

>>10023723
not to mention most banks have restricted any crypto purchases entirely by credit card unless you use interac debit ( which barely exists and isnt even issued anymore)

>> No.10023741 [DELETED] 
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10023741

>>10023697
post your portfolio

>> No.10023751

>>10023687
sorry mistook your post for the mod irs troll. deleted in peace and respect.

>> No.10023753

>>10023741
Wouldn't prove anything, you weak minded faggot.

>> No.10023767

>>10023036
it has not even started, even the next bullrun won't be the golden one.

>> No.10023770
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10023770

>>10023753
truce?

>> No.10023822

>>10023710
It sounds small compared to great bubbles like dotcom, but it also started much smaller and there is no rule it should reach dotcom proportions, boomers learned their lesson. The money has already been made and it has collapsed on the heads of late adopters, it is finished.

>> No.10023834

>>10023059
This. Crypto is cyclical and went higher and higher each time. Is there a guarantee of another bullrun? Of course not. Is there a good chance it will happen though? Sure

>> No.10024109

>>10023822
Sell and provode proof or gtfo paid-troll pajeet

>> No.10024132
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10024132

ChainLink and SmartContracts will explode when real world data enter the Blockchain...not sure about other shit coins that are only used for buying, selling, or transferring (hence, 90% of projects will die with no adoption)

>> No.10024134

>>10023767
This motherfucker is speaking facts

>> No.10024209

>>10023036
>There are some smart and/or lucky people who made out like bandits and will never have to wagekek again
Made out to what? (((Tether)))? (((USD)))?

Make no mistake, the smart ones are the insiders that sold the top and are buying back in now.

If you don't hold mostly crypto before the next bull run you're never going to make it.

>> No.10024244
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10024244

>>10023036
It's fucking over. None of us are going to make it.

>> No.10024252

>>10023697
weakhanded faggot

>> No.10024261

>>10023767
true..

>> No.10024559

>>10023503

>biggest bubble on our lifetime
LOL

>> No.10024574

>>10023723
I have no issues transferring/transacting between Kraken and my BMO account, but I set that payment channel up in like 2015.

>> No.10024596
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10024596

>we're never going up again plebs
>have fun holding on to your bags
>better sell them to me, goyo- i mean boyos...

>> No.10024625

>Is it fair to say that another run like that is near fucking impossible?

I believe that the next run will shock me more than the last one (even taking in consideration the bloated expectations which have been inflated recently)

>> No.10024642

>>10023447
you lack perspective, kid.
dotcom bubble (probably the most comparable one in history) peaked at roughly 3-4 trillion invested in internet companies. few notes: 1) 4 trillion in 99s dollars is about 6 trillion in current dollars and 2) it was actual amount invested.
now, the total market cap of all cryptocurrencies peaked at about 800 bil. again, few notes: 1) this accounts for all the scam shitcoins that actually didnt have any money invested in them, but ballooned to hundreds of millions in market cap, 2) this number doesnt account for all the coins that are lost (i.e. btcs market cap of 500 bil is different than a companies market cap of 500 bil, because you cant lose stock, while millions of coins have been lost forever).
when you take all of this into account, it wouldnt surprise me if we would reach ~10 trillion market cap in next bullrun. this would actually be quite tame when compared to dotcom bubble. otoh, i wouldnt be surprised if this shit crashed to basically zero either.

>> No.10024644

>>10023331
>trading volume is very high
barely 9 figures once you remove washtrading
but incidentally that's the problem, there's no real demand for bitcoin and there never will be

>> No.10024811

If your reasoning that crypto is dead is because "the normie invasion already happened" or some other meme literally started on /biz/, perhaps you could consider reading an investment book, especially one that covers the tactics of institutional investors, the most esteemed of which have publicly slandered assets while accumulating them (that one is not a meme).

Anyone who has money will participate in crypto trading if they have an edge that will see them profit. That is the very premise of all investment. That BTC is new or unfamiliar or unregulated or whatever only makes people, and also institutions, reluctant until they have more confidence in their strategy. But there's always somebody out there in the market with an edge that will use it to take money from the masses engaged, until someone gains an edge over them, and someone gains an edge over them, etc.

>> No.10024822
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10024822

>>10023503
>the biggest bubble in our lifetime

oh boy... hahahah

>> No.10025885

>>10023447
Normies don't have any money to invest. A normal person under the age of 30 is drowning in debt because of their college art degree.

>> No.10026184

>>10023036
There will be another run, 250 billions marketcap is jackshit, it's not even the one of Visa.
The thing to know is when and how it will be done.
The era when every fucker pretending to be a programmer gets 15 millions for a dumb idea is over, the ICO craze lasted 1 year and now it's over.

>>10023447
Normies bought buttcoins on coinbase and some did buy few shitalts (like Tron or Ripple).

>>10023503
Boomers are beginning to die as we are talking (the older ones are 73 yo, by 2030 they will be 85), this will have an impact on how wealth is distributed between asset classes, the tech industry for example boomed crazy levels with boomers, the silent generation didn't put a nickel in this (best example is Buffett).

>> No.10026684
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10026684

Not as insane as 2013 bullrun.

>> No.10026692

>>10024811
Very intredasting Anon. Book recommendation?