/biz/ - Business & Finance

[Anonymous No.14320999]

>Bitcoin is going to crash down to 6k
>Bitcoin is going to keep going on it's bullrun and reach 20k
Which one will it be? And why do you think that?

[Anonymous No.14321015]

Bitcoin is going straight to 6k

[Anonymous No.14321020]

>>14320999
based digits

it will correct a little after going sideways and see lots of newfag institutional investors take profits and then it will start to go parabolic again after conditions are right

[Anonymous No.14321168]

>>14320999
it will moon because the price is supported by human greed of which there is no shortage

[Anonymous No.14321190]

Its still a little too early in the 4 year cycle. It will go down and sideways for awhile

[Anonymous No.14321204]

>>14321168
This

[Anonymous No.14321259]

>>14320999
it'll hit 6k by next year. Whales still hold too many coins form the early years. They're basically operating in the "pyramid scheme" mode where they have to liquify some of their coins by selling them to newcomers
After that process finishes, the value will rise. 20K by 2021

[Anonymous No.14321332]

>>14320999
>Which one will it be? And why do you think that?

Bullrun.

>Why?

1_Trade volume on usd is constant while the btc being traded has been decreasing due to scarcity in the market.

https://coin.dance/volume/localbitcoins/ALL

2_The reason why btc bullruns usually stop is because the fees become high and normal everyday users doing wires stop for a time and become purelly speculative forming a bubble.

This has not happened since the 4.2k bullrun as a matter of fact 1sat transactions have been going on and the mempool as cleaned during the weekend that means that we are ready for a week of fomo.

3_The timing of the run from 8k to 11k happened at the end of the week meaning the faggots fomoing and buying with bank transfers are still waiting for their fiat to enter exchanges.
They are going to be all week waiting it to drop bellow 10k to fomo but the fact that they will be waiting means it will not happen.

4_Boomer media is slow and tomorrow the news of btc surpassing 10k will happen again this combined with point 3 means that we are in for a massive bullrun this week , also point 1 shows that the btc liquidity in the market has been decreasing.

If you hold bitcoin you already made it , if you were still accumualting this is probably your last week.

[Anonymous No.14321350]

>>14321332
>>14320999

[Anonymous No.14321369]

>>14321332
> you are here
> 2016

[Anonymous No.14321393]

>>14321259
completely wrong, halving is next year.

[Anonymous No.14321414]

>>14321190
Third time is the charm , everyone waited to buy one year before halving and as a result whales bought 390 days before the halving.

Now people are fomoing and for good reason btc liquidity is decreasing early this time as i show in point 1 here.
>>14321332

>>14321259
>Whales still hold too many coins form the early years.

Not really , 600k btc more or less will be mined until the halving.
After that 300k per year this is so few btc being created that Satoshi coins represent 3 years of mining.

If Satoshi dumped all it would delay the bullrun one year , if Satoshi + Goxed + Jap Gov dumped all they would delay the bullrun 2 years.

It's really insignificant the more that they delay the stronger the effect will be because the mined coins are going to be incredibly little.

We are speaking about 900 coins per day after may 2020 very very little.

[Anonymous No.14321435]

>>14321369
Yes we are in the inflation level of 2016-2020.

The decrease in mining rate causes the bullrun once we enter the next rate in 2020 we will moon in 2021.

Learn that chart it may save your life.

[Anonymous No.14321437]

>BTC looks bearish for the 1st time since May.
>ATH'S YAY
fuck wh*te faggots

[Anonymous No.14321614]

>>14321437
>Just smashed 10k resistance over a weekend
>looking bearish

TA fags I swear.

[Anonymous No.14321832]

$6k sounds about right.

[Anonymous No.14321873]

>>14320999
It does whatever tether wants it to do.
If there isnt the injection of tether, it might go sideways and we get a mini alt season or drop back to 8.5k at least