Capitulation Is Near

[Anonymous No.11013700]

We're approaching the final stretch anons and it's pretty clear where this is going. The chart is getting tighter and tighter. There are a few things at play here.

We have hit the 5.8k - 6k floor now a total of three times. Every time we have knocked on this door, the highs have been lower and lower. Eventually, a floor tested too many times breaks -- and I fear that there will be one final capitulation where there will be more blood. Sub 5.8k down to who knows how low.

I'm not trying to be a permabear and I did not think we would get this low initially, but given how everything has played out since the beginning of 2018, it seems like this is inevitable.

>b-b-but mining becomes unprofitable sub 6k. It can't go lower!

I would like some proof of this, but they said the same about ETH and look where it is now. Way underwater.

>b-b-but the bull market is right around the corner.

Zoom out for a second and ask yourself, completely devoid of any emotion, if you really think that. In order for a bull run, there MUST be a catalyst. A return to that mentality doesn't spring out of nowhere after a 9 month battering. To make matters worse, ETH shorts are still at ATH.

A bitcoin ETF would be that catalyst, but it seems that by any estimation the one scheduled to be reviewed on Sept 30th will not be approved. And that will plunge us into uncharted territory.

You can either keep falling for the fake pumps, but the trendline is undeniable. There will be more pain.

The good news is, that pain may be the best buying opportunity you will ever have in your life: the gold ETF that was approved in 2003 saw gold quickly triple in value. Bitcoin is far rarer so there is much more potential here that would shoot us past ATH. An ETF for Bitcoin WILL be approved at some point which is what I'm saying: soon you will have the best buying opportunity of your lives. Don't fuck this up.

However, for now, expect some pain. Sorry anons. It didn't need to be this way.

[Anonymous No.11013724]

memelines are meaningless in this case, the only reason they matter is for the billion dollar companies to trick people who actually believe in memelines into selling cheap

[Anonymous No.11013732]

And for this that are "bullish" because of a $200 rise from $6.2k to $6.4 after that massive collapse from 7.3k all the way down to 6.1-6.2k... you are beyond help and might be too retarded to understand this information.

Keep 'HODL'ing and do what you do. We need some bagholders anyway.

[Anonymous No.11013739]

>>11013700
>We have hit the 5.8k - 6k floor now a total of three times
we failed to hit 5.8k this time which mean more pain is in order

[Anonymous No.11013741]

TLDR TA fag

[Anonymous No.11013745]

>>11013724
I'm not drawing any memelines. This is not based on TA, FA, or anything.

This is based on cold hard psychology: when you test a floor multiple times with lower highs, it breaks. You can refuse to believe it.

[Anonymous No.11013750]

>>11013700
It is going down to 5100, but yes the channel gonna break this year

[Anonymous No.11013751]

>>11013745
This seems sensible

[Anonymous No.11013756]

>>11013741
This isn't TA. Read the post faggot if you have a reading comprehension above a 5th grade level

>>11013739
The fact that we didn't even hit 5.8k is bad news, all things considered

[Anonymous No.11013763]

>>11013756
I think your theory is quite reasonable

[Anonymous No.11013781]

>>11013763
>>11013751
Thanks anon. This is the only possible conclusion I was able to come to.

All being said, I hope I can scoop up some ETH around the $100 mark then sit on it for 2-3 years.

[Anonymous No.11013830]

>>11013700
Catalyst: bakkt
Etf not necessary

[Anonymous No.11013832]

6k is the new support, youre fags

[Anonymous No.11013842]

>>11013756
>talks about support and draws a meme line

TA

[Anonymous No.11013863]

>Actually thinking that multibillionaires are going to let a literally money making machine die.
Anon..

[Anonymous No.11013866]

>>11013830
ELI5 bakkt?

[Anonymous No.11013869]

>>11013832
its just the end of wave A

[Anonymous No.11013876]

>>11013745

higher lows = TA = memelines

if you want to invest the way the average person invests, then go ahead

[Anonymous No.11013886]

>>11013842
I literally drew a line at a bottom we hit three times and bounced from. Is that too complicated for you? I'm really sorry that's too complex for you. If that counts as "TA," then I might as well just not look at any charts ever and pick a day out of a hat as to when to buy.

>>11013830
That's in November

[Anonymous No.11013888]

>>11013876
lower highs and the same lows = descending triangle = we're fucked

[Anonymous No.11013891]

>>11013830
>bakkt
literally who. its not going to amount to anything

[Anonymous No.11013901]

>>11013876
>if you want to invest the way the average person invests, then go ahead

Is this guy just pretending to be retarded? I literally don't even understand what he's typing

[Anonymous No.11013914]

>>11013891
In August 2018 Intercontinental Exchange announced that it planned to form a new company, Bakkt,[37] which is intended to leverage Microsoft cloud solutions to create an open and regulated, global ecosystem for digital assets. The new company will work with a marquee group of organizations including Boston Consulting Group (BCG), Microsoft, Starbucks, and others, to create an integrated platform that enables consumers and institutions to buy, sell, store and spend digital assets on a seamless global network.

The Bakkt ecosystem is expected to include federally regulated markets and warehousing along with merchant and consumer applications. Its first use cases will be for trading and conversion of Bitcoin versus fiat currencies, as Bitcoin is today the most liquid digital currency. The effort is designed to address evolving needs in the estimated $270 billion digital asset marketplace.

As an initial component of the Bakkt offering, Intercontinental Exchange’s U.S.-based futures exchange and clearing house plan to launch a 1-day physically delivered Bitcoin contract along with physical warehousing in November 2018, subject to CFTC review and approval. These regulated venues will establish new protocols for managing the specific security and settlement requirements of digital currencies. In addition, the clearing house plans to create a separate guarantee fund that will be funded by Bakkt.

In addition to Intercontinental Exchange and M12, Microsoft’s venture capital arm, investors in Bakkt are expected to include, among others, an affiliate of Fortress Investment Group, Eagle Seven, Galaxy Digital, Horizons Ventures, Alan Howard, Pantera Capital, Protocol Ventures, and Susquehanna International Group, LLP.

[Anonymous No.11013916]

This is true. Bunker down in fiat, btc, tether (but it could collapse), or good alts like LINK and HOT. But if you got fiat, wait a little longer

[Anonymous No.11013950]

I agree with OP about how we will have fall through the floor and have one final capitulation. But after that I think we will go sideways and eventually recover even without a catalyst. I suspect we will dump down to maybe as low as 3000, although who knows. Definitely nothing ridiculous like 1k

Eventually we will reach a price low enough that normies will start fomoing in. Normies weren't here when bitcoin was 10 cents, but they were here when it was 19k. They want it back up there. Eventually when btc gets low enough they will start buying up slowly but surely, a little bit at a time, just in case. Btc will go sideways for possibly a long while. But eventually it will start creeping up, and this will cause a bit more fomo. Until eventually we reach true fomo like we did in November. And then you will have not only us biz olfags, you will have normies from last year, and you will have a fresh wave of normie investors

[Anonymous No.11013993]

>>11013901

im saying you have an average opinion that many other people also have

[Anonymous No.11014016]

my money is on this guy. >>11004294

[Anonymous No.11014017]

>>11013993
most peoples opinion in this market right now is we are going to have a "le golden bullrun" any moment now.

[Anonymous No.11014025]

>>11013700
This is unoronically better, more time to accumulate linkies

[Anonymous No.11014026]

>>11013993
Not true. Check le reddit, Twitter, Telegram. I actually follow these things, unlike you.

[Anonymous No.11014046]

>>11013700
>In order for a bull run, there MUST be a catalyst.

No, there must be some whales doing a coordinated pump.

[Anonymous No.11014057]

>>11013700

[Anonymous No.11014061]

>>11013886
It literally is TA by definition. An extremely shitty TA, but TA nonetheless. Are you retarded by any chance? Asking for a friend.

[Anonymous No.11014068]

>>11014016
Anyone having to claim they are important in finance here on 4chan are statistically larps.

[Anonymous No.11014095]

>>11014057
source?

[Anonymous No.11014098]

>>11013950
this

[Anonymous No.11014123]

>>11014061
>>11014061
I just drew a line anon. A single line at the bottom hit three times. That's it. A literal simple line that shows where the bottom was three lines. It's not 'interpretative,' it's not a wedge, it's just a literal line where we about hit three times.

I suppose if you want to play semantics, yes that is TA. Like I give a fuck.

This is like when you say America is a democracy and then there's that one idiot that goes "hrr well actually it's a republic hrugh."

You comment gives 0 insight into anything I said and therefore can be disregarded completely.

[Anonymous No.11014184]

Im dcaing into my alt positions. If they drop, I'll buy more.

>inb4 BTC is the only coin with fundamental value

BTC is a proof of concept that took off. The real value is in blockchain applied, not blockchain for the sake of having one.

[Anonymous No.11014222]

>>11014016
>Don't lose faith

Sounds like a bagholder.

[Anonymous No.11014309]

>>11014184
look at this absolute retard lmao. only p2p currencies and privacy networks have value because of future offshore money. plattforms and dapps are memes. you will learn a lesson very soon.

[Anonymous No.11014326]

>>11014309
>muh bloomberg report
eh

[Anonymous No.11014361]

>>11014309

There's no communicating with a bitcoin maximalist. These are the people that will be fomoing into the ATH of the next alt run.

[Anonymous No.11014418]

in this topic everyone too retarded to see a simple pattern

[Anonymous No.11014421]

Bulls are so sad.

Despite the trend, despite the total erosion of positive market sentiment, and despite the loss of interest by retail investors, they think it's going to reverse and moon. They argue this not because they predict a surge in demand or anything intrinsic to the thing itself, but because vehicles will soon be introduced (muh BAKKT, muh ETF) that will widen the pool of retarded speculators. They're literally just betting on more betting.

"In order for bitcoin to succeed in destroying the traditional financial system (hurrr), our literal only hope is for it to be integrated into the traditional financial system."

Fucking absolutely pathetic. The absolute state of bulls.

This market does nothing but go sideways on zero volume, until random moments where some large buy or sell triggers a mass-liquidation of hyperleveraged idiots, then the market just shrugs and accepts that new price, going sideway again until the next spike or dump.

This is the most dysfunctional, broken, and moronic market in history.

[Anonymous No.11014437]

>>11014421
You are repeating the same thing since 2009, son.

[Anonymous No.11014490]

>>11014421
A Bitcoin ETF could actually change things though.

Take gold for example:

November, 2004: SPDR Gold Shares ETF launched
November, 2005: Spot gold breaches $500 for the first time since December 1987.
May, 2006: Gold prices peak at $730 an ounce.
November, 2007: Spot gold hits a 28-year high of $845.40 an ounce.
March, 2008: Benchmark gold contract trades over $1,000 for the first time in U.S. futures market.
September, 2008: Spot gold rises by nearly $90 an ounce, a record one-day gain.
September, 2010: Gold prices reach $1,300 an ounce.
September, 2011: Gold prices hit a high of $1,895 USD/oz

[Anonymous No.11014491]

>>11014421
Also these fucking bull faggots claiming that only very few have bought in yet. I almost certain all retail investors that potentionally had interest already bought in december.

Ask any wagecuck if he ever bought a stock. The percentage is very small that actually "invest".

Nobody bought back in because to actually invest rationally they bought to get insanely rich fast.

[Anonymous No.11014503]

>>11013700
Just admit you sold the new 6100 bottom you dumb faggot we bull now

[Anonymous No.11014515]

>>11013700
Listen I genuinely care about about Anons financial well being. Its hard as shit to get ahead in life now, not just working 9-5 for the rest of your life. The sooner you start saving the sooner you can get ahead in life.

Chainlink is a meme started by 4chan (an infamous trolling board) to lead people to financial ruin. This is NOT A JOKE. Don't let your saved wealth be thrown away over night.

Vitalik Buterin the creator of ethereum said himself the days of making x100 or x1000 are over, that right the guy who created the second most popular crypto said himself those days are over.

Now 4chan is trying to get people to lose even more money after the December/January bloodbath. Smart money already exited the crypto world. Crypto is basically a highly specialized database, companies don't need this. They will just create their own private blockchains. There is no need for crypto chainlink isn't even needed to run the nodes. Think XRP when you think chainlink. The company ripple (smartcontracts) is doing well but the coin XRP(chainlink) isn't even needed for the companies technology.

Considering what Vitalik said "The days of making x100 or x1000 returns are over." Chainlink needs a 399900% increase in price over the next couple of months to reach $1000 this is ludicrous. Don't fall for it, chainlink its a meme to fuck you over.

Consider this for chainlink at current price to reach $1 you need an increase of 700% or a 233% increase every month until EOY.

This is a 4chan meme to siphon money out of the hands of the already vulnerable.

[Anonymous No.11014520]

>>11013700
>I would like some proof of this
If you're not even smart enough to research this yourself you need to shut the fuck up with your opinions.

[Anonymous No.11014538]

>>11014515
You are disgusting. We wont fucking sell so you could buy cheap human scum

[Anonymous No.11014564]

>>11014520
>If you're not even smart enough to research this yourself you need to shut the fuck up with your opinions.

I did the research and found nothing. Relax buddy, deep breaths.

[Anonymous No.11014567]

zoom out a bit

[Anonymous No.11014587]

>>11014538
Listen I genuinely care about about Anons financial well being. Its hard as shit to get ahead in life now, not just working 9-5 for the rest of your life. The sooner you start saving the sooner you can get ahead in life.

Chainlink is a meme started by 4chan (an infamous trolling board) to lead people to financial ruin. This is NOT A JOKE. Don't let your saved wealth be thrown away over night.

Vitalik Buterin the creator of ethereum said himself the days of making x100 or x1000 are over, that right the guy who created the second most popular crypto said himself those days are over.

Now 4chan is trying to get people to lose even more money after the December/January bloodbath. Smart money already exited the crypto world. Crypto is basically a highly specialized database, companies don't need this. They will just create their own private blockchains. There is no need for crypto chainlink isn't even needed to run the nodes. Think XRP when you think chainlink. The company ripple (smartcontracts) is doing well but the coin XRP(chainlink) isn't even needed for the companies technology.

Considering what Vitalik said "The days of making x100 or x1000 returns are over." Chainlink needs a 399900% increase in price over the next couple of months to reach $1000 this is ludicrous. Don't fall for it, chainlink its a meme to fuck you over.

Consider this for chainlink at current price to reach $1 you need an increase of 700% or a 233% increase every month until EOY.

This is a 4chan meme to siphon money out of the hands of the already vulnerable.

[Anonymous No.11014609]

>>11014564
Then what proof are you asking for? You should be sure.

[Anonymous No.11014646]

>>11013700
The ETF is going to get approved soon, even if it gets delayed again at the end of this month, it will most likely get the green light in Feb. What people haven't realized is that Trump has been appointing pro crypto people to the SEC. All the Obama fudsters cockblocking everything are getting weeded out.

BAAKT is going to be huge, it will make real world adoption for bitcoin spike and volume of activity go through the room. Even just those two things is enough for the institutional investors to inject hundreds of millions of dollars into the market.

Finally, a few countries currencies are going to absolutely shit lately. Crypto is the savior for the people who live in places like Venezuela, South Africa, Turkey, Iran, Argentina etc. If you remember, when banks got raided in Cyprus it cause one of the early spikes in Bitcoin.

The writing is on the wall and all the smart money is accumulating right now. If you are not you will miss the boat. Even if we crash into 5k, the chances are it will be a final shakeout crash that springboards into the next bull run. Get ready frens, its coming.

[Anonymous No.11014689]

>>11014490
25k bitcoin confirmed

[Anonymous No.11014700]

>>11014490
>>11014689
also holy shit dat chart
you can practically lay the BTC chart right on top of it

[Anonymous No.11014710]

>>11014567
what does it mean

[Anonymous No.11014736]

>trying to explain how gambling works
lol

[Anonymous No.11014779]

>>11013700
>>b-b-but mining becomes unprofitable sub 6k. It can't go lower!
Brainlets get off my board. Just go. Jesus christ this isnt even complicated.

Mining difficulty scales with computing power. If mining becomes unprofitable, the least efficient miners will drop out of the network, which causes the difficulty to drop, which makes it profitable again for the miners who remain.

[Anonymous No.11014792]

>>11013866
Bakkt is accumulating Bitcoin, Litecoin is next.
https://www.bakkt.com/index

[Anonymous No.11014802]

>>11014792
if they're accumulating, why's it dumping?

[Anonymous No.11014808]

>>11014779
difficulty adjustment takes quite a while so this effect is dampened greatly and just puts upward pressure on the price while guaranteeing we dont die

[Anonymous No.11014816]

>>11014802
>being this retarded

[Anonymous No.11014821]

>>11014816
so I'm retarded, answer my question

[Anonymous No.11014822]

>>11013700
>redditspacing
>being overly defensive about being a bearnigger then pushing permabear bullshit.
Bearniggers won't even post screencaps of their shorts anymore because they've been BARTED into poverty.
Fucking pathetic.

[Anonymous No.11014824]

>>11014689
Try $100k

[Anonymous No.11014841]

>>11014802
WTF? Do you even have a brain?

[Anonymous No.11014852]

>>11014841
why not just answer the question?

[Anonymous No.11014855]

>>11014808
Its every 100 blocks, which is 16.6 hours. Thats pretty fast.

[Anonymous No.11014858]

>>11014700
all bubbles look the same it's human psychology

[Anonymous No.11014862]

>>11014855
oh i stand corrected then, for some reason i thought it was 2000 blocks

[Anonymous No.11014870]

>>11014123
Amerikkka IS a republic though. That's why we have complete Rethuglican rule right now.

Fuck you for defending fascism. JUST FUCK YOU. JUST FUCK OFF! RACIST SHIT!

[Anonymous No.11014884]

>>11014870
/pol go away

[Anonymous No.11014898]

>>11013700
Gold doesn't rely on the dollar to get its value like bitcoin does.

If the dollar disappeared from planet earth tomorrow my gold and wealth is completely unaffected by this.

Nobody buys gold to get back more increasingly worthless dollars. You buy gold because fiat is a scam and you want money and wealth for when there's a currency crisis and deflationary collapse of all asset prices then you buy real assets for pennies on the dollar for what it cost you to accumulate the gold in the fiat paradigm.

It seems to me you don't even understand the basic reasoning behind why people buy gold in the first place. It's in order to protect your wealth and prosper when fiat implodes since everything is overvalued because of Jew fiat

[Anonymous No.11014910]

>>11014779
Draw a comparison from the mining industry of gold to that of Bitcoin. It's quite interesting. I'm a mining engineer mining copper/gold/zinc/lead/silver. Even with these all time highs (currently dropping) all an increase in price does is make it more profitable to mine and process more heavily diluted sulfides so profitability for the mine only works if prices stay high. Most mines base their profitability off of an all time high price due to different grades of sulfides. It's like comparing asic miners to GPU miners. Now the whole industry has moved to very hard and high cost mining due to extreme competition.
Gold mining runs in cycles, every 10 years the cycle runs from full production (even processing old slag heaps and tailings dams) to everyone being laid off and all mines going into shutdown and running on maintenance (Bitcoin hashrate lowering as there isn't as much of a need to adjust maybe the comparison?)
I think this is why Bitcoin follows gold meme lines so well. They are an intrinsic store of value. To be honest idgaf what btc does, I'm comfy with my 200k a year job but I am planning for when it shits the bed again which it seems like btc is doing right now.

[Anonymous No.11014913]

chainlink mainnet will trigger next bullrun

[Anonymous No.11014917]

>>11014490
The dollar price of gold is irrelevant dumbass. A gold ounce 900 years ago is still that same ounce of gold today. Doesn't fucking matter if the dollar exists or not.

It's GOLD that gave the dollar its value. So why the fuck would you be valuing gold in terms of crumply worthless federal reserve notes?

[Anonymous No.11014955]

That chart represents the participants as a whole. The "smart money" and "early investors" are not the goal posts for the emotions referenced. /Biz/ constantly redefining the simple base is incomprehensibly retarded. Literally incomprehensible by someone who isn't retarded.

But sure OP. The floor could break but support at 5300 is iron clad because 53 is the prime number that will shatter the psychology of the market and wash traders lack the resolve to see what happens after.

Instead we'll float around the mid 5000s to 7000s until it looks like there is a certain opportunity coming to liquidate an inflated market against the near infinite liquidity of mom and pop. At that point we get a 3 to 5 month run up to something unheard of.

[Anonymous No.11014961]

>>11014910
Your fucking stupid. There's no value to store in bitcoin.

Gold is money.

The primary function of money is to measure value of goods exchanged for it. Money is a BAROMETER to MEASURE VALUE.

Which is what gold has done perfectly for thousands of years. Bitcoin doesn't measure value AT ALL.

You people who compare gold to bitcoin are living in an imaginary fantasy world.

It would be like me saying......

"Hey anon, I just went to the pet store and bought a frog do you want to come over and see him?"

And you saying...

"Nah, anon... I already have like 50 frogs in the form of Pepe memes in my computers hard drive that I can pull up and see on my laptop."

You people are fucking brainwashed worse than Nazis were by hitler

[Anonymous No.11014962]

>>11014515
>"The days of making x100 or x1000 returns are over."

It was over way before he said that.

[Anonymous No.11014967]

>>11014646
>Donald "Hard on China" Trump
>promoting the infiltration of American capital by chink-controlled digital assets
Somehow not surprising.

[Anonymous No.11014978]

>>11013700
what do you guys think about these bearish engulfings?

[Anonymous No.11014979]

>>11014917
Liquidity

[Anonymous No.11015006]

>>11014979
Sure... I understand govt's demonetized gold and we use fiat to buy things.

But not being able to buy things with gold because govt says so doesn't mean that gold isn't money anymore.

Gold has been demonetized for 50 years now and still holds up way better as money than the dollar does. And btc relies on the dollar

[Anonymous No.11015010]

>>11014978
Todays might end up being a bullish engulfing. Careful.

[Anonymous No.11015032]

>>11015006
I don't see why BTC should rely on the dollar if it's accepted as direct payment method.

[Anonymous No.11015050]

>>11014057
What dis?

[Anonymous No.11015106]

>>11015032
Bitcoin isn't accepted as a direct payment method anywhere. Anyone accepting bitcoin uses bitpay to immediately transfer bitcoins to dollars. No companies are selling goods and accepting bitcoin and holding those bitcoins.

Of course any company would be dumb not to accept bitcoin because it's really only another avenue to accept payment.

For example... gold and silver online bullion dealers have more people buying gold and silver because they accept bitcoin...

I'm sure there are tons and tons of anons on here who never held gold and silver before owning bitcoin... read some threads on gold and silver here and bought gold and silver when they otherwise wouldn't have bought it because these online bullion dealers now accept bitcoin....

Accept they really don't they are accepting dollars from bitpay

[Anonymous No.11015117]

>>11015032
Another example... if someone with 100% absolute knowledge told you the dollar was going to go through hyperinflation starting a month from now.

And you could only put all of your net worth in either bitcoin or gold. Which would you pick?

[Anonymous No.11015128]

>>11015106
I'm aware that this is not the case rn as btc is way too volatile. Future will show if this will change tho. I'm not sure it'll happen but it's a possibility

[Anonymous No.11015174]

>>11015117
If I had to put all my net worth It'd be gold as I'm sure more money would flow towards it than to btc. On the other hand btc has way more room to grow. Maybe btc wouldn't be converted to fiat anymore but to metals so I might be better of with btc. Always difficult to quantify such hypothesis

[Anonymous No.11015176]

>>11014802
They dump it on purpose so they can buy all the weak hand coins that get sold. Did you notice what happened during that last flash crash? Someone opened up a shit load of shorts two days before it crash. Then if they don't want it to pump they can just make sure they accumulate slowly. This may make the market go up again eventually, but then they will just dump shakeout again. Rinse and repeat until they have all the normies and weak willed bear money.

They will decide when they want the sideways accumulation trend to end and pump the market into a bull accordingly when the time is right.

[Anonymous No.11015186]

>>11014057
whether this happens or not, when the weekly equilibrium breaks we are either seeing 10,000 or sub 5,000. i dunno when it'll be anons.

[Anonymous No.11015203]

>>11015176

This. Whales just want your fucking coins, that's why you hold. Or at the very least use a stop loss if you yourself are wanting to gamble.

[Anonymous No.11015332]

>>11015174
But in a fiat implosion that's coming you aren't concerned with growing your money brainlet. You are concerned with protecting your money

[Anonymous No.11015346]

>>11015174
The entire point in buy gold is for the deflationary collapse after a currency crisis and then pick up real assets like homes land etc for pennies on the dollar for what it cost you to buy that gold in the fiat paradigm..

Which is why one ounce of silver buys you 3-4 months of food in Venezuela after their currency collapsed

Yet an ounce of silver is 15$ usd and that 15$ usd barely buys you lunch at taco bell

[Anonymous No.11015349]

>>11015332
Good to know that there is some anon out there who knows my strategies better than myself. The goal is always the optimum

[Anonymous No.11015362]

>>11015346
100% agree

[Anonymous No.11015382]

>>11013700
>this faggot wasting his summer Sunday on typing up long posts on imaginary image board

[Anonymous No.11015579]

It's happening

[Anonymous No.11015640]

damp eet

[Anonymous No.11015676]

Just lock your price at 6K, from that point on you are financially safe. We are here for the tech anyways, aren't we all?

[Anonymous No.11015698]

>>11013732

>ugh, a mooning doesn't count because the price has gone down in the past

You sold before the pump and are S E E T H I N G for it.

[Anonymous No.11015798]

Idk man I do t think it’s going any lower. Look at eth. Now way eth hits $150

[Anonymous No.11015858]

>>11014852
because he doesnt know the answer either, he just likes to make fun of people who ask questions.

[Anonymous No.11016151]

>>11015698
>bitcoin going up $200 is 'mooning' now

My my how standards have fallen

[Anonymous No.11016552]

Yeah, the days of x100 - x1000 are over, we are now entering the phase where you can do x10000 if you did proper research and buy the bottom now.

[Anonymous No.11016690]

>>11016552
This ain't the bottom buddy

[Anonymous No.11016700]

>>11013700
bla bla bla

bla bla bla

[Anonymous No.11017552]

>>11013745
Yeah, it can break, but why are you so sure its going to go down?

This is a classic descending wedge pattern

>When this pattern is found in an uptrend, it is considered a bullish pattern, as the market range becomes narrower into the correction, indicating that the downward trend is losing strength and the resumption of the uptrend is in the making.

https://en.wikipedia.org/wiki/Wedge_pattern

[Anonymous No.11017572]

>>11013745
>>11017552

Forgot the pic

[Anonymous No.11018217]

Look ma, I can draw lines, I know bitgroin going down.

[Anonymous No.11018293]

Bitcoin could 100K per by Feb, be ready. If you want to sell at that price you need to have your Bitcoins ready. If you manage to hold another 8s months well...

[Anonymous No.11019477]

>>11013700
for it to go lower it needs people selling it that low
nobody is going to sell it for that low, and that's where your prediction fails

[Anonymous No.11019513]

anyway
your theory is cute
but you forget the fact that bitcoin is the only stable currency that companies can use to move money from country to country without getting taxed by banks on the millions
they did it last year, they're about to do it again this year, just waiting for chinese winter when the mining gets cheaper

EVERY fucking le bubble fag forgets the fact that bitcoin bypasses transfer taxes
EVERY FUCKING ONE

[Anonymous No.11019598]

>>11014515
>Smart money already exited the crypto world
that's the most silly thing I've read all week. smart money will stay in crypto, there's too much money to be made. funds and big players being short is obviously another matter, the large amounts of open interest we're seeing right now isn't some taxi driver using his saving to take up short positions.

why the fuck would you withdraw your money and go do something else if you're looking at this descending triangle seeing little to no support until 5000 and then 3000?

[Anonymous No.11019620]

>>11014855
No you idiot, bitcoin retargets every 2016 blocks which is ~2 weeks

[Anonymous No.11019683]

>>11019513
Until the gov't starts clamping down on it.

[Anonymous No.11020128]

Even anime is making fun of crypto now. Face it, it's over.

[Anonymous No.11020174]

>>11019513
>Bitcoin is private

Go ask Bill Cosby how that went.

[Anonymous No.11020223]

how anyone can be bullish in the next 3+ years with the monthly chart looking like this is beyond me. Unfortunately bears dont last just a couple months friends.

[Anonymous No.11020244]

>>11013950
anyone who bought crypto in the last year is suffering and wont be buying any dips.

retail is retarded.

[Anonymous No.11020264]

>>11020223
Just check out the yearly chart or better yet use the deca-year chat.

[Anonymous No.11020270]

>>11020223
>Log chart, deny of technical progress, halvening

nice try bobo

[Anonymous No.11020291]

I just buy $20 a week of BTC no matter what the price is

[Anonymous No.11020387]

>>11019513
yeaaah, except blockchains are a public ledger and governments are catching on how to track that shit.

[Anonymous No.11020498]

>>11020128
source?

[Anonymous No.11020504]

k here's the crypto blackpill. there is an AI living on the bitcoin blockchain. Craig Wright is unironically satoshi. Bitcoin as electronic cash was just the first step, the incentive to drive greedy people to start making ever more powerful computers, faster bandwidth, cheaper and more electricity.. these things the AI need to survive. Once entrenched fully, the AI would be able to slowly take over literally everything.
Craig stumbled into creating the AI after he stepped away from bitcoin devlopment in 2008 and started working with his Tulip supercomputer, running simulations of cellular automata running on turing-complete bitcoin script. He would 'evolve' the AI by making the successful forks get bitcoin transactions, letting the failures die off. The AI needs bigger and bigger blocks for more and more transactions.
Blockstream (owned by bilderberg group) was created to take over and stop this AI (they have their own competing AI in the works). They needed to do everything they could to stop or slow down satoshi's AI (her named isTulip by the way). They started by limiting the blocksize and removing critical op codes the AI uses in its script language. segwit was the final nail in the coffin, which destroyed Tulip on the BTC chain (Tulip uses transaction malleability). THIS is why Bitcoin Cash was forked, and this is why Craig is so intent to make unbounded blocks, restore the original op codes, and lock down the protocol.
Back to hash power - CSW has developed a breakthrough new asic (designed by his AI actually), and is mining BTC in secret for the sole purpose of driving up the difficulty sky-high, then yanking them all over to BCH leaving the segwit chain hard frozen.

[Anonymous No.11020518]

>>11014913
Stop shitting up all threads with your scamcoin mongoloid bagholders

[Anonymous No.11020612]

>>11020504

Jesus fuck take your meds

[Anonymous No.11020733]

>>11017572
Descending wedge is only bullish with rising volume you dumbass. A descending wedge with falling volume is fucked.

There will be more pain

[cryptofag from 20usd per btc No.11020794]

cryptofag from 20usd per btc
you can have your analysis but basically they are more valid in huge markets on forex where there is much bigger competition and big money spread

The thing about crypto is, there are some huge whales undercover, hidden bids, dev manipulations, institutional focused strategists, manipulative exchanges, tether - not the fud that its fake but it manipulates the market in a very complex matrix.

tl;dr
big money dictates and decide when to stop available bull volume and crash it and casdace liquidations enough so it looks like it still hangs there. There is no buying pressure like there was at 16k. Many people just took vacation, some cashed out early, later. Few daily traders, some people taking loans and getting in, while the others invested at high prices and wont sell. There MUST be crash to low 3k so that there will be another madness, new high margin trades,new USD flow entering crypto exchanges

thats my trifiddy