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/biz/ - Business & Finance

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12539239 No.12539239 [Reply] [Original]

Bull market is here.
Market didn't react to:

1.Cryptopia
2.CBOE ETF being withdrawn
3.Bakkt.

Bullish as fuck. $3200 was the absolute bottom and we are about move out of accumulation.

>> No.12539251

sideways for 6 months

>> No.12539344

> about

>> No.12539358

>>12539344
A decent upbart will propel the market forwards and it is well overdue.

>> No.12539484

>>12539358
Upbarts aren't the sign of a bull market, they just signal lack of liquidity. We might be close to the bottom, but we are not there yet

>> No.12539504

We are also right at the giant downtrend line that connects the ATH with the point where the fall from 6k to 3.2k started. If we break through that we will have some bullish months for sure.

>> No.12539649
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12539649

Imagine how strong the fundamentals will be when you can send near instantly near free global transactions - it will massively increase adoption across all levels. This plus a regulated institutional route so they can build inventories will lead to unseen BTC highs. Zoom the fuck out and acquire BTC.

>> No.12539665
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12539665

>>12539239
>Market didn't react to:
>1.Cryptopia
>2.CBOE ETF being withdrawn
>3.Bakkt.

>> No.12539679
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12539679

>>12539239

>> No.12539694

>>12539239
priced in already

>> No.12539720

>>12539239
It's dead, that's why it didn't react

plebbit is full of bots and few butthurt normie december buyers and only 14 of us left in 4channel.

>> No.12539735

>>12539665
we are still waiting on bakkt news

>> No.12539802

>>12539694
Nothing is priced in, This market has become margin-backed whale moves that are arbitraged out to retail. OP fails to understand the direction of the market.

It is a series of shake outs and liquidations to keep the lights on while the price is slowly taken down to a level allowing for the accumulation of the Mt. GOX reparations.

The current (non-marginal) liquidity of the market cannot absorb those 10s of thousands of non-margin coins.

Once those are accumulated I expect to see the same kind of soap opera that we saw in 2017 and that this drama will drum up enthusiasm and optimism enough to drag retail back in to cash out against.

There is a metagame here and, because of this, BTC is anti-fragile. That overall metagame is on an upward trajectory even after the next bullrun and cashout because of the need for virtualized scarcity as a hedge against a post-scarcity era brought on by technological progress allowing for people to relocate away from prime locations + the possibility of asteroid mining reducing metals to their industrial value, plus other scarcities that undermine the generational wealth of some dynasties.

>> No.12539884
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12539884

>>12539239

>> No.12539965

>>12539720
Relistically there are 4000 users of 4 channel