/biz/ - Business & Finance

[Anonymous No.11953371]

Prove me wrong.

[Anonymous No.11953389]

>>11953371

[Anonymous No.11953435]

>>11953371
we made it through the bottom. the only question is how long until bull run? i think less than 2 months

[Anonymous No.11953457]

I think it's entirely possible that we just experienced the anger phase. But basically it's not gonna get that much worse

[Anonymous No.11953508]

>>11953457
lets hope so

[Anonymous No.11953541]

>>11953508
>>11953457
>tfw bought the dip at 5300
I'm such a retard.

[Anonymous No.11953553]

>>11953435
> that was the bottom
kek, we haven't reached capitulation yet

[Anonymous No.11953569]

>>11953553
drop from 6k to sub 4k was capitulation
still long way to go

[Anonymous No.11953597]

>>11953553
Because everybody is still super bearish and keeps on yelling "we have not reached capitulation yet", "the bottom is 1k", we might as well have actually bottomed last week. It would absolutely not surprise me if we just keep on rallying, we get some good news and before you know back at 5-6k. The market usually does the opposite of what the masses think. Keep that in mind.

[Anonymous No.11953602]

>>11953371
ITS LITERALLY FOLLOWING THE MEMECHART WTF LOOOOOOOOOOOOOOOOOOOOOOOOOOOL

[Anonymous No.11953641]

>>11953597
Actually it does what the masses think. That's why it always crashes at neat barriers like 250, 1k and 20k. If no body thought it is crashing it woudln't be crashing. The entire thing is self fulfilling prophecy. That being said, I agree with you since I am a contrarian investor. All we need is to slowly climb back up to 20k and then witness the greatest FOMO in world history. 100k to 350k by 2022.

[Anonymous No.11953665]

>>11953569
No it was not, everybody is still bullish and waiting for the next bullrun so we still need to go lower.

[Anonymous No.11953727]

>>11953641
I guess you are right about the "market does what everyone thinks" point of view. In the end, it's just mass psychology hehe. But sometimes it just does the opposite and a lot of people get burned.

>>11953665
Bullish? Lol, maybe some people on this board, but in general the crypto community is bearish af. Just look on twitter. Needing to go lower is your opinion, it does not mean we will. It also wasn't logical that we would rally from 10k to 20k but still, it happened. Just trade reactive and you will do fine.

[Anonymous No.11953729]

>>11953665
It's very hard to quantify sentiment. I think most people are bearish and oldfags who remember 2014 are cautiously bullish.

[Anonymous No.11953732]

>>11953457
I dont know. There are absolute shitcoins that have lost over 99% if their value, and are still worth over 100 mill marketcap. There is still a long way to go to the bottom. But on the other hand you see Chainlink, BAT, (those two especially) ZRX, Wax, Civic, Funfair, who are all actually building 'something' and are about ready to roll out.

[Anonymous No.11953739]

>>11953732
I don't know what any of those are aside from Link. Basic gestalt please?

[Anonymous No.11953841]

>>11953371

It sure looks like it but I'm too depressed to believe this is the bottom lol. Does that mean I should force myself to buy some?

[Anonymous No.11953862]

>>11953389
Because value is generated to an infinite degree, right?

[Anonymous No.11953884]

>>11953732
shitcoin market doesn't revolve around your opinions on their products or even if they have a working product. "I don't like X coin therefore no bullrun until sub 100MM market cap" is a stupid metric.

[Anonymous No.11953970]

Everyone is saying crypto is dead, you best believe that’s a buy signal

[Anonymous No.11954295]

I got my Tulips stash ready for the next BULL RUN

[Anonymous No.11954563]

>>11953665
>everyone is still bullish
eventually it will go up, but not soon

[Anonymous No.11954702]

>>11953389
God I fucking hope this is accurate

[Anonymous No.11954731]

>>11953371
How can I prove you wrong when your argument looks pretty solid to me.

[Anonymous No.11955006]

>>11953665
>everybody is still bullish
Lol, no they arn't. People were lamenting that crypto was going down to 1k a day ago and even then people have been saying crypto is dead for a while. Some people on /biz/ are still bullish, but get out of the bubble and you realize most people think crypto is shit right now.

[Anonymous No.11955057]

>>11955006
Just helped a kid (refugee) from afghanistan buy 1k usd worth of crypto. I have not been shilling, he has been pestering me since May and Ive told him I wont do it.

[Anonymous No.11955060]

>>11953371
I saw this on twatter too.

[Anonymous No.11955071]

>capitulation in february
AHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAAH MY FUCKING SIDES

[Anonymous No.11955114]

>>11955071
thats not the best part. best part by far is
>disbelief in october
just how new someone has to be to believe this LMAO. we were already in the late stages of the bull run. tons of people making 100x left and right... DISBELIEF LMAO

[Anonymous No.11955154]

>>11955071
I'm capping your post

[Anonymous No.11955227]

>>11955154
you can cap it all you want.youre wrong. you know who capped and correctly predicted the crash to 3800? me. enjoy the small uptrend while it lasts, because this is going to 2400 in 2019

[Anonymous No.11955230]

>>11955057
>refuses to buy crypto near the bottom
Obviously being from a shithole country he can see the value in crypto that you cant. You must literally hate refugee children. If your story is true that is (it is not).

[Anonymous No.11955244]

>>11955227
How high do you think it will go before starting another down trend? 5.5k?

[Anonymous No.11955253]

>>11955230
I bought for him two days ago, the litteral bottom.

Sweden btw and I do own crypto

[Anonymous No.11955255]

>>11953665
I used to think like this, but then I looked at archives of /r/bitcoin and /r/cryptocurrency from 2014 & 2015. People over there were suuuper bullish through pretty much the entirety of the last bear market. They were more bullish at the very bottom of 2015 when BTC touched $150 than they are today.

/biz/ wasn't talking about crypto much during the last bear market, but I don't recall a depression phase where everyone was bearish.

It seems like there are too many contrarians and permbulls in the world for there to ever be nothing but "crypto is dead" threads.

[Anonymous No.11955267]

>>11955227
Bear euphoria

[Anonymous No.11955291]

>>11955244
5.5k-5.7k

[Anonymous No.11955352]

eh it's embarrassing to mention bitcoin to normies they are confident now it's going to fail
so that's fair assessment for the chart

this shit is my life I've spent at least an hour a day studying it and I'm so confident I've bought more in the 3.8k range
even though I've lost 7 figures in value since a year ago

[Anonymous No.11956336]

>>11953389
not accurate. Since the approval of Bitcoin futures, investors can bet against bitcoin. This will significantly change its growth rate.

[Anonymous No.11956364]

>>11955352
KYS FAGGOT

[Anonymous No.11956768]

>>11955352
Your right about the embarrassing to mention to normies part . I work with new people all the time and we bullshit about whatever , but whenever I bring up taking a shot on big daddy btc the most common response is "uh oh , that was a mistake " and "no intrinsic value" and "just a big ponzi" . The sentiment of normie nocoiners right now is that they are geniuses for not buying because they knew all along it would fail . I hope they neck themselves if we ever go bull again

[Anonymous No.11956800]

>>11953541
Bruh, i bought the dip at $8600 don't feel too bad.

[Anonymous No.11956842]

>>11953389
This is already outdated

[Anonymous No.11956861]

>>11953371
We're at anger

[Jew Hunter No.11956894]

Ok I will. Just give me a couple of weeks :)

[Anonymous No.11957186]

people need to stop making the claim that we haven't capitulated yet. just because people on this board aren't at a consensus with that doesn't mean it didn't happen to the mass public. there are people here who are going to hold through anything because they are believers in the tech. the general public capitulated months ago. /biz is not a representation of everyone.

[Anonymous No.11957199]

>>11953371
we are at complacency

[Anonymous No.11957244]

>>11953371

>Panic
>Shit!

Why does it make me laugh.

[Anonymous No.11957886]

[Anonymous No.11957923]

>>11953371
protip: i can't

[Anonymous No.11957949]

>>11955255
only absolue fucking retards are bearish after a 80% drop. they guy you are responded to is a low iq mongoloid

[Anonymous No.11957982]

Fucking faggot, capitulation doesn't happen 2 months into a bear market after a 3 year bull run.

[Anonymous No.11957983]

>>11953371
>it follows the meme chart almost perfectly
just lol

[Anonymous No.11958041]

>>11953862

not value, fiat

and fiat is infinite, bitcoin is finet

[Anonymous No.11958082]

>>11957983
yeah it's pretty classic
but some faggot will jump in and say we are at complacency and post a fucking log scale chart any time.

[Anonymous No.11958093]

>>11953371
Shit!

[Anonymous No.11958119]

Bitcoin is 4 thousand fucking dollars. It is so much more than what it was worth most of its existence. We are still in the denial phase.

[Anonymous No.11958136]

>>11958119
More people than ever know about Bitcoin though so the captain valuation is correct. Shit a year ago people were paying 20k and I can pay 1/5th that and literally nothing has changed with the tech yes please

[Anonymous No.11958183]

>>11953389
Decent graph, but the volumes at the bottom are the key. They suggest cycle 4 moving ahead of schedule.

Also, cycle 3 was a unique black swan and should be treated as the anomaly that it was. Full political opposition came at BTC and it survived. Gox, silk road, and the fed auction were deliberately spread out to protract the downward price pressure. This time we have none of that. Prepare for a reversal of downtrends somewhat faster than last time.

[Anonymous No.11958189]

>>11958119
t. nocoiner in denial phase

[Anonymous No.11958273]

>>11958136
>More people than ever know about Bitcoin
and next year this number will only grow and grow but knowing about is not adoption.
when adoption reaches 1% of the population worldwide then they will be early adopters from 10% we can talk about adoption. btc is around 0.1% maybe. i have my doubts it's that high.

[Anonymous No.11958291]

>>11958273
>the current number of unique active users of cryptocurrency wallets globally is between 2.9 mln and 5.8 mln

a total of 23 million wallets used by about 3-4 million people tops on a planet of 7.53 billion souls.

0.053% adoption as it stands

[Anonymous No.11958335]

>>11957186
fuck you and your logic, nigger

[Anonymous No.11958391]

>>11954731
Fixed

[Anonymous No.11958394]

>>11958291
This is even better than I thought

[Anonymous No.11958398]

>>11955255
i just had a look at the archives of r/cc. in 2015 it only had 18k subscribers and front page post only had like 8 upvotes. hardly a way to gauge sentiment.

if you look at crypto twitter, its like 50/50 bear/bullish atm. i think $1-2000 is bottom

[Anonymous No.11958409]

>>11958291
>>11958273

that doesnt take into account that most people that bought crypto in 2017 never withdrew from an exchange. If you read any reputable study, almost all of them say that 5-10% of American's own crypto. If you take into account that SEA and Africa were far more into crypto than America, probably around 5% of the world owns crypto.

its not 0.053% stop being delusional

[Anonymous No.11958417]

>>11958409
More people owning crypto in SEA and Africa than in USA? You can't be this retarded

[Anonymous No.11958454]

NOOOOOO PLEASE LET IT GO DOWN FURTHER OR AT LEAST STAY ON THIS LEVEL UNTIL 2020

I NEED MORE TIME TO BUY PLEASE

[Anonymous No.11958478]

>>11957186
This is pretty spot on. I think we trade sideways in this range for a bit then start an uptrend. People here think about crypto everyday and read about it everyday. Most normies heard 4 news stories about crypto since January.

We wake up every morning and look at our coins, but most people sold or left a long time ago.

[Anonymous No.11958500]

>>11958409
5-10% of americans would mean nobody else made a btc wallet ever and each of them only has 1 address. gtfo!

[Anonymous No.11958529]

>>11958409
>5-10% of American's own crypto
if you read more carefully it was 5-10% of american _investors_ are assumed to hold crypto based on the sample they took. investors are like what 2% of a population tops?

[Anonymous No.11958582]

>>11958529
of course the definition is blurry because about 50% in the us owns stocks but most is through his 401k or something it's their pension plan. can you even call them investors if they don't make a living out of investing? i wouldn't but no idea how they meant it.

[Anonymous No.11958856]

>>11958417
ok keep living in your bubble friend. pic related. Majority of Nigerians bought before 90% of the people browsing this board right now.

SEA was even crazier during december. Literally everyone there was into crypto. just look at the data

>>11958500
you realise the data you pointed to is unique active addresses RIGHT NOW. Ive been holding crypto for 2 years now but my wallet wouldnt show up on that list because i havent moved my coins for months now. look at unique addresses in existence. i dont remember the number for bitcoin but for eth its 30+ million.

[Anonymous No.11958984]

>>11958856
i only know that i have at least 15 addresses possible even 25 and i'm not someone that used btc actively in the past years. i just bought some and sold some and bought some and sold some... i think you can divide the 23 million at least by 10 but maybe 20.

[Anonymous No.11959008]

>>11958856
Most of the unique addresses are people spreading their BTC over multiple addresses. Unique active addresses is a far better metric to use.

[Anonymous No.11959034]

>>11959008
i would estimate that most addresses are used by services like exchanges. the active user account numbers from major exchanges would be the best indicator imo.

[Anonymous No.11959044]

>>11958398
Yeah, back then /r/bitcoin was a lot bigger.

[Anonymous No.11959333]

>>11959044
>mfw I read the post as "Yeah, back to /r/bitcoin you nigger"

[Anonymous No.11959339]

>>11953371

[Anonymous No.11959368]

>>11959008
yes well its not a reliable metric regardless. this >>11959034 is far more accurate.

But we are still early desu. Just not as early as "0.053% early". There are 30 million millionaires in the world and only 17 million bitcoin as of right now. If every millionaire wanted 1 btc, they couldnt get one. As long as you have 21 btc+ you should be pretty comfy. and with "le next bullrun" (probably late 2020-2024) anyone browsing here should be able to make that fairly easily.

[Anonymous No.11959372]

>>11959339
anxiety will only start when btc stays sub 3k for a month or so

>inb4 m-m-muh log chart

[Anonymous No.11959373]

Remember when Assblaster predicted back in February that big money was going to manipulate the market down to around the 4k mean for a while, then release the breaks and pump the fuck out of the market again?

Will be very interesting if that's how it's playing out.

[Anonymous No.11959405]

>>11959368
21 BTC is only if you want to join the world elite. Even 1 BTC should be enough to make it in a reasonable timeframe.

[Naruto Boruto No.11959416]

>>11959339
Does anyone unironically invest after these charts?

[Anonymous No.11959557]

BTC only got that high because of the big Tether scam
unironically kys you faggots
stop coping
just fucking hang yourselves already.
We were right. You were wrong.
Do a fucking flip.

[Anonymous No.11959760]

>>11953371
we are def in depression. the number of hopeless fag suicide threads is a good indicator.

[Anonymous No.11959789]

>>11959760

I'm definitely feeling a mix of despair and anger

[Anonymous No.11959813]

look at the volume on the bounce back to support!
man...

[Anonymous No.11959841]

>>11953665
This phase of the cycle weeds out all the depressed & capitulated, leaving only the permabulls left chanting "moon moon moon" as they always do.

[Anonymous No.11959872]

>>11959405
my goal was 2 im at 1.58 tryimg to increase it with swing trading the tides i will only buy more if it goes under 2k tho im at my limit cashwise

[Anonymous No.11959875]

>>11953389
>difficulty determines value

[Anonymous No.11959889]

>>11953371
Time will prove you wrong

[Anonymous No.11959895]

>>11959875
well it kinda looks like thats true if the sad story of bch is anything to go by.

[Anonymous No.11959897]

>Everybody now knows a crypto true believer
>For now they laugh about how they got rekt
>But eventually BTC will break ATH, and and the permabull will share their 5x gains
>then the nocoiner will feel FOMO and the cycle is complete

[Anonymous No.11959955]

>>11958417
Do you think Africa is 100% desert, jungle and bushmen with bone piercings through their dicks?
Africa is a bigass continent with a lot of bigass, densely populated metropolises, incredibly they get education and internet there too.

[Anonymous No.11960199]

>>11959895
BCH has a low mining difficulty because it has a low value. You're confusing cause and effect.