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/biz/ - Business & Finance

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12206441 No.12206441 [Reply] [Original]

We need more despair and fear. Real fear. And real capitulation. We need to have the majority of people feeling crushed and just giving up and basically thinking "crypto is bullshit, it's a scam, fuck it". THAT would be more healthy, than this. THAT would be a good bottom! That's the sort of situation we should bottom out in. These bizarre whale-pumps of the latest days are extremely unhealthy, in that they're not a good way to begin a reversal. This current state of affairs will just prolong our suffering.

The worse it gets, the better it can get after. Therefore it would be good if things got a lot worse than they already have.

>> No.12206466

>>12206441
We've had that. Plenty of people on CT have left. It may go lower, but who knows. If you believe BTC will one day go to a new ATH then just start buying X every week. Stop trying to time markets.

>> No.12206471

>>12206441
where were you for the past year, faggot

>> No.12206476

>>12206441
I don't know why this meme became a thing. It's completely subject to call that point. I've seen plenty of the examples you describe for a while. You are stuck in some weird confirmation bias if you think there's going to be some burning bush to confirm a bottom in sentiment

>> No.12206487

What's makes you think we haven't. Maybe you just got in earlier than most.

>> No.12206511

>>12206466
This

>> No.12206513
File: 66 KB, 300x300, jim-carrey-thought-he-had-10-minutes-to-live.jpg [View same] [iqdb] [saucenao] [google]
12206513

>>12206441
COPE

>> No.12206537

>>12206441
>We've had that.
Nope. The only people who experienced total capitulation stage was the normie "investors" who got in in Dec 2017 at early 2018.

I'm talking about most of the oldfags giving up hope as well.

>> No.12206551

>>12206537
"and early"

>> No.12206559

>>12206441
>I fell for the 2k btc meme
COPE
O
P
E

COPE
OPE
PE
E
P
O
COPE

>> No.12206566

>>12206441
We already had extreme fear and capitulation. You most like just didn't feel it because you're playing with pocket change. I (and many other people) lost 6 figures.

>> No.12206567

>>12206441

>we need real fear and real capitulation

Lel we're down over 95% what the fuck more do you want

>> No.12206573

>>12206567
how about another 95?

>> No.12206584

>>12206537
I've seen some people from 2013 leave. You're waiting for an arbitrary confirmation that you'll never see.

Again.. think it's going to a new ATH? Keep buying every week. Think it's going to 0? Short it.

>> No.12206590

>>12206573
Nice bait thread, faggot

>> No.12206597

>>12206537
Oldfags won’t give up dumb ass I’m holding until 0$ go fuck yourself either we get rich as fuck or we die holding bags

>> No.12206598
File: 91 KB, 960x540, 8881EFFB-3C05-4FCA-88C4-9829429EC469.jpg [View same] [iqdb] [saucenao] [google]
12206598

>>12206566

>> No.12206615

>>12206441

We had that. Are you retarded? Outside of /biz/ (which doesn't count, since autists don't capitulate) most people are fatalistic about crypto & the vast majority left. I agree, we need another year of this, but this magical capitulation state where 100% of people exit isn't going to happen.

>> No.12206631

>>12206615
We need a large accumulation phase. It's likely that the bottom is between 2k and 4k. But once we hit it we won't magically band back up to 10k. We're going to sit in a choppy accumulation band for months.

>> No.12206645

>>12206631
>months
Oh sweet summer child. Bear markets can last years.

>> No.12206657

>>12206537

This is what I'm talking about. Oldfags are so far in the green that literal 0 is the loss point, or simply don't care about whether it's going down or not. I for one would ride it down into the dirt - anyone that was an emotional investor is out already. All a red chart makes me think is "Hmmmm, is it buying time yet?". You strike me as a newfag yourself to not understand this.

>> No.12206660

>>12206441
kek wills we make it and we have suffered enough

>> No.12206667

COPE COPE COPE COPE
O C C O C O
P O O P O P
E O O E P E
C O O COPE COPE
O O O O O
P P P P P
E E E E E
COPE COPE E COPE

>> No.12206675

>>12206645
>can.
Yep, it could.

Accumulation phases aren't bear markets though.

>> No.12206677

>>12206590
sub 500 would upset a lot of people

>> No.12206685

>>12206598
Don't worry, it's the equivalent of you losing 1k. It's a small part of my net worth.

>> No.12206697

>>12206441
i would say the majority of people are still in euphoria at the moment

>> No.12206703

>>12206677
> sub 500$
Absolute delusion if it go down that far everyone will take loan and big chunk of BTC dumbass

>> No.12206710

>>12206675
And where, pray tell, do you suggest we find a pool of suckers willing to accumulate? Normies, niggers and thots are still feeling burned from this time last year and the chinks have had the crypto window closed by based Winnie the Pooh. Who’s left? Pajeets? Africans? Who?

>> No.12206715

>>12206697
I would say dinosaurs are still on Earth but in underground cities watching our porn and the Bachelor on their little dinosaur TVs.

>> No.12206718

>>12206441
you're right, praise kek.

>> No.12206721

>>12206710
merica and israel

>> No.12206736

>>12206710
>Implying normies, niggers, and thots had anything to do with accumulation before the last bull run.

Anon..

>> No.12206739

>>12206721
>Israel
Yeah, because the Jews are known for being stupid with their money
>’murica
See my previous post re: normies, niggers and thots

>> No.12206746
File: 39 KB, 640x633, 1517949433911.jpg [View same] [iqdb] [saucenao] [google]
12206746

>>12206677
i wager they would not be as upset as nocoiners who refused to buy the bottom due to disbelief and end up fomoing in at new ATHs

>> No.12206754

>>12206736
See my previous post re: chinks

>> No.12206756

>>12206739
maybe they have their own crypto coin...hmm

>> No.12206763

>>12206703
it would have the opposite effect for most folks, we might take a loan but most others would at that point absolutely hate anything having to do with crypto and just associate it with pain and sadness and avoid it like the plague

>> No.12206848

>>12206756
>1 - be goyim
>2 - buy jewcoin
>3 - ???
>4 - oy vey, I’m broke somehow
Pass

>> No.12206876

>>12206848
What is accumulation what is buy low sell high?

>> No.12206887

>>12206876
I wish you the best of luck with your ponzi scheme

>> No.12206915

>>12206887
I’m in it for the tech sir

>> No.12206936

>>12206915
This is, by far, the best crypto meme

>> No.12206958
File: 1.64 MB, 1000x1000, 1518062839848.png [View same] [iqdb] [saucenao] [google]
12206958

>>12206936
To be honest, I'm not really that interested in the price right now, the tech is what appeals to me (I already deleted my blockfolio). I believe in the project, so the day to day price is of little concern to me. Besides, the entire market has suffered so this was to be expected... imagine you sold etherium at $10, and how you would be kicking yourself for that. I would argue this is a much needed correction and is bullish for the longer term. That said, I wish my pay check would come in sooner so I could make use of these panic sellers. Hopefully the price will stay down and I'll have some time to accumulate. For now the whales are keeping it low and there's a lot of baseless fud going around, most of it started by buyers who want to get in cheaper. The fundamentals are still great, the partnerships are legit, and there are some big updates coming soon, so just keep accumulating and check back this time next year!

>> No.12206977

>>12206958
Go to bed Craig