/biz/ - Business & Finance

[Anonymous No.12126577]

We are here.

[Anonymous No.12126581]

10k by may 2020

[Anonymous No.12126583]

No way. We're still at fear.

[Anonymous No.12126598]

>>12126577
When we broke 6500 we broke below the mean.This is full blown despair. idk where's the bottom or how long this shit will go on, but it'll go back eventually.

[Anonymous No.12126604]

people are still buying butts?

[Anonymous No.12126606]

We are at bear trap.

[Anonymous No.12126631]

>>12126606
More than likely we're at the drop after new paradigm.

[Anonymous No.12126640]

>>12126598
Hahaaahahahhahaahah oh sweet sweet summer child

[Anonymous No.12126645]

>>12126606
So according to you there has been no media attention yet?

[Anonymous No.12126650]

>>12126640
yep, this is going to triple digits. Buying butts now is utter delusion.

[Anonymous No.12126655]

>>12126577
i wish i had crystale ball like you

[Anonymous No.12126659]

>>12126645

Some, but nothing close to things like wee stocks.

[Anonymous No.12126666]

>>12126598
>still believing the TA meme

Denial, the post.

[Anonymous No.12126716]

>>12126598
the mean is 1500. we failed to hold 6k

[Anonymous No.12126727]

>>12126577
The bottom is 666

[Anonymous No.12126733]

>>12126727
it's 333,- you will remember me

[Anonymous No.12126744]

>>12126733
Ooooooh, checked.

[Anonymous No.12126746]

>>12126733
It's 000

Thank me later.

[Anonymous No.12126750]

>>12126577

>VeChink, Tron, etc.
>Worth almost a billion dollars

Lol no, we're currently in pic related.

[Anonymous No.12126753]

>>12126598
6k is way over the mean, and we are not in despair before faggots like you keeps being so damn certain that a new ath is eventually coming.
Regardless, 3k might very well be the bottom.

[Anonymous No.12126760]

>>12126750
To be fair Vechain is already down 99.9%

[Anonymous No.12126804]

>>12126760

Still MASSIVELY overvalued relative to current (zero revenue) and pipe dream future projected revenues (it has zero chance of earning a single dollar).

In fact, VeChian is one of several parameters I use to gauge how deep we are in a Bubble, based on the sentiments of retards who drove the 2017 bubble in the first place.

These retards are still latched on to VeChink, so we're still in a bubble I'm afraid.

Once this trash hemorrhages down to under 5 million market cap or goes insolvent, that's my signal to re-enter the market.

[Anonymous No.12126815]

>>12126750
The bull trap was BTC bounce from 6k to 11.5k back in February, I remember everyone thinking that we were actually back and would continue the ride to ATH, that was the "Return to normal" phase.

We're somewhere between capitulation and depression, which means we haven't crossed the mean line yet (which stands at ~$1,500). My theory is we dump to ~$1,800 sometime within the next month, but it'll be quick and painless, the bounce that takes place swiftly after the dump will create bullish momentum and we'll rally to 8k.

Screencap this.

[Anonymous No.12126824]

>>12126804
What if BTC goes to $300 and Vechain is still 20-30m or so.

[Anonymous No.12126840]

>>12126824

It doesn't work that way.

No one is injecting fiat to VeChink directly, so it has no individual strength of its own, and is pegged only to Bitcoin values.

[Anonymous No.12126841]

>>12126815
Someone that most people don't seem to be considering, is that not all bear markets end with capitulation. The meme chart is only 1 possible way a market cycle and play out.

[Anonymous No.12126859]

>>12126716
>(((bloomberg))) says we are far from bottom and you should sell
Good goy.

[Anonymous No.12126869]

>>12126577
>>12126581
>>12126583
>>12126598
>>12126604
>>12126606
>>12126631
>>12126640
>>12126645
>>12126650
>>12126655
>>12126659
>>12126666
checked
>>12126716
>>12126727
>>12126733
>>12126744
>>12126746
>>12126750
>>12126753
>>12126760
>>12126804
>>12126815
>>12126824
>>12126840
>>12126841

[Anonymous No.12126880]

>>12126824
There are so many "projects" that need to crash / go bankrupt / devs arrested... dont stick it all to VeChain.
Tenx, Litecoin, Cardano, Idiota, NEO, EOS - just chose 20 of the top 100 mcap, check them if they died and onyl think about entering the market again, when all of them are gone.

[Anonymous No.12126890]

>>12126841
It's not so much a reflection of a market cycle, but the psychology behind it. If the majority of market participants believe that we're going lower, they will sell. If the majority of market participants believe that we're going to 50k, they will buy (see: 2017). It contributes to the downward momentum that we're already in.

>>12126859
>muh bloomberg

It's still data, data is unbiased.

[Anonymous No.12126896]

>>12126869

So why do you morons assume that something that has not demonstrated any tenable business case in 10 years of existence should somehow magically be worth trillions of dollars just with the passage of X amount of time?

Will a pile of horse shit magically go to 1 trillion market cap just as long as X number of years passes?

Crypto has no credibility right now. And might not ever succeed.

[Anonymous No.12126907]

>>12126880
>Tenx, Litecoin, Cardano, Idiota, NEO, EOS

Agree with these. Fundamentally worthless and massively overvalued.

Make no mistake lads, we're in a bubble when morons are still throwing billions of dollars at White papers and clear scams.

[Anonymous No.12126935]

>>12126907
I agree mostly... except for Litecoin. Litecoin is one of the few projects that actually deserves its value.

[Anonymous No.12126941]

>>12126583
this, if we weren't we would be sub 1k already

[Anonymous No.12126958]

>>12126935

Why does a copy pasted clone of Bitcoin with no added functionality, and one that had a massive pre-mine and whose development was abandoned, have any value?

ETH is the only other crypto that really matters and that introduces improvements that could lead to commercial applications of the technology.

[Anonymous No.12126993]

>>12126958
The value is in the network, like BTC. Anything BTC does, LTC will just copy (and without political drama). Litecoin has the oldest network outside BTC, and its network is actually secure (unlike most POW shitcoins).

[Anonymous No.12127014]

>>12126896
I thought you were talking about stock market for a second there.

[Anonymous No.12127015]

Funny thing how so many are bearish and anyone with hope is called permabull or delusional faggot in denial

[Anonymous No.12127032]

>>12127015

We are in the "new paradigm" stage for bearfags.

[Anonymous No.12127055]

>>12127015
Delusional faggot

[Anonymous No.12127079]

Its use as a currency collapsed when silkroad went under. Now btc is 100% speculative value and that's it, and with the world economy going in the shitter high risk high reward money is moving to safer investments.

Unironically we will see three digits.

[Anonymous No.12127096]

>>12126993
>The value is in the network
Where is value in this network?

>Litecoin has the oldest network outside BTC
Nope. Contrary to common belief, it is not the oldest altcoin and offers even less of anything than the actual first altcoin (called "namecoin").

[Anonymous No.12127127]

>>12127079
just get it over with.

[Anonymous No.12127128]

unironically still in denial, the whole market is way way way too overvalued, another 95% crash from here is needed.

[Anonymous No.12127145]

>>12127096
Sorry, the first alt coin to command real value. Better? My point still stands.

The value in the network comes from its security. At current difficulty it costs ~$50 to mine 1 LTC at ~$0.10 per kWh.

[Anonymous No.12127178]

>>12127014

Are you b8ing or just retarded matey?

Stocks represent REAL businesses with REAL products that sell and produce REAL cash flows.

What income do your magic tokens produce?

[Anonymous No.12127239]

>>12127145
Okay, lets take smaller steps.

The problem is, that this "security" serves as a blindfold for the fact, that it still only "secures" a very slow database. The whole group of "paycoins" is worthless, as all they secure is a number and not a certificate of ownership (like a stock) or a stable medium of exchange (like a bill of fiat), whose buying power is linked to the overall economy of the country it originates from.

It is all about this number. The numbers behind a coin like Namecoin secured websites and served as a vehicle to prevent censorship. The numbers of LTC on the other hand are just numbers to represent a value, which itself is based solely on speculation.

[Anonymous No.12127269]

>>12126581
Will this be funny again then. https://www.youtube.com/watch?v=KTf5j9LDObk

[Anonymous No.12127279]

>>12127239
Do you agree that Bitcoin commands real value? If so by extension so does Litecoin for the same reason. Litecoin, like Bitcoin, is a store of value as well as a currency.

[Anonymous No.12127320]

>>12127279
>Do you agree that Bitcoin commands real value?

No. Reread >>12127239 again:
>The whole group of "paycoins" is worthless
Speculation over something worthless can be profitable - I cashed out myself in early Dec 2017 with a sizable profit.

But ultimatively, it will crash down to its real value. If BTC will be around afterwards is unknown, but the single most speculative value driver in crypto is hype, not a magical "network".

[Anonymous No.12127827]

>>12126577
fear, dispair when BTC reach 100-200

[Anonymous No.12127850]

>>12127827

Let's not go overboard, it will go down to $600-600 at the worst. It's a much more massive and integrated market than back in 2014.

[Anonymous No.12127868]

>>12126907

Worthless yes, but they got big hoards of btc's so there their value lies in.

[Anonymous No.12127875]

>>12127827
>>12127850

Don't know about you guys but my buy orders are set at $80 and have been for at least 9 months now.

[Anonymous No.12127929]

>>12127850
Yeah I’m definitely seeing somewhere between 600 and 600. Probably 600.

[Anonymous No.12127963]

>>12126577
>hurr durr $200 BTC soon
This just confirms we're almost at peak bear euphoria, therefore pretty close to actual despair.

Thanks for the buy signal bear faggots.

[Anonymous No.12128023]

>>12127079
>he thinks silkroad was/is the only drug market where you use crypto to buy chemicals

[Anonymous No.12128057]

>>12127875
You're an idiot if that's true.

[Anonymous No.12128116]

>>12126804
>Imagine basing literally anything on VeChain.

[Anonymous No.12128124]

>>12126815
I'd bet my 21 BTC you are the same faggot that said this when 6k was lost.

[Anonymous No.12128199]

>>12126896
No. Bitcoin has no credibility. It's done nothing but save poorfag Venezuelans from getting extra butt raped by their government. Otherwise it's a meme. In fact, every single crypto "currency" is a fucking meme. Stable coins will BTFO every currency coin by the end of 2020. Boomer coin just gets to keep existing because of dumb nerds from 2011 that keep holding it and holding the entire market hostage like that SV faggot. It's hard to imagine such a useless piece of shit that obviously isn't keeping up with the times will still be alive and well by then. If you actually think Bitcoin survives this new revolution of crypto, you should update your Myspace page to say so.

[Anonymous No.12128201]

>>12126577
Soon

[Anonymous No.12128361]

>>12128199
>new revolution of crypto

Its been a year, what revolution? Everyone has been sucking BTCs tit for milk and BTC finally told you all to get the fuck off.
>We desperately needed bigger blocks
No one used them
>We desperately need instant P2P
Nano drops 99%

[Anonymous No.12128825]

>>12126577
FIRST
SELL
OFF

[Anonymous No.12128859]

>>12126577
unironically bull trap/ return to normal

everyone expects a new ath

[Anonymous No.12128876]

>>12126640
this is one of the most redd.it things someone can say

[Anonymous No.12128877]

>>12127128
This but unironically. Triple digit BTC ane single digit ETH in 2019.

[Anonymous No.12129158]

>>12126666

Incredible quads

[Anonymous No.12129177]

>>12126890

>Believing data is unbiased

Damn dude.

[Anonymous No.12129189]

>>12126577
I'm personally at new paradigm!

[Anonymous No.12129243]

>>12126598
The biggest crash will always lead to a big bear trap. It only applies to bitcoin.

[Anonymous No.12129278]

>>12126896
cryptocurrencies are not fucking companies or start ups, FIAT money isn't a company either, gold doesn't have any revenue.
Get your head out of the blockchain meme and start thinking about btc as money, not as a fucking start up, I swear the amount of brainlets in crypto thinking in Sillicon Valley standards is still crazy.
>b-but muh utility
>b-but muh usage
fucking holding btc instead of fiat IS usage

[Anonymous No.12129287]

>>12128199
Your anger makes 00 sense. Venezuela is a nation of corruption and they jumped onto the ICO band wagon. Take them out of the picture you idiot. If you think stable coins will stand against bitcoin your an even bigger dumb ass.

[Anonymous No.12129301]

>>12129278
This

[Anonymous No.12130086]

>>12128199
stable coins are all asset backed, the technical form of a crypto only tries to cover the usual lie. central authority of some form guaranteeing full backing hundred thousandth time in history and it failed every fucking time before.

asset backed crypto is no better than fiat it's actually worse.

[Anonymous No.12130107]

>>12129278
>fucking holding btc instead of fiat IS usage
So once again it comes down to hype/PR instead of any sort of rational economic reasoning.

[Anonymous No.12130236]

>>12126577

we're definitely still higher up