Who the fuck is buying?

[Anonymous No.17769219]

Seriously, guys. BTC just proved by example that it is literally nothing but merely an internet meme coin without any other intrinsic value or use, aside from being a speculative asset.

Chainlink is even worse - a pre-mined shitcoin with centralised issuance and zero use with bunch of unqualified retards cosplaying a "project" for a few years with literally zero output, except memes, of course.

Stonks (AMD, Intel, Google) would rebound easily, but these Ponzies are literally imploded right before your eyes and shat all over fucking marines lmao.

Is this a religion of some sort? Do retards really *believe* in crypto? Do the *have faith* in it?

Yes, Chainlink is a cult, nothing to see here. But why buy it now?

[Anonymous No.17769247]

>Why buy the capitulation.

It's almost like you don't know how markets work.

[Anonymous No.17769255]

>>17769219
Because whichever way the market goes, in 5 years I'll either be a millionaire or a hunter gatherer

[Anonymous No.17769275]

>What is the 300W MA

[Anonymous No.17769284]

>>17769247

But crypto aren't stonks and this is the fucking point. Crypto is backed by nothing, so no way to "rebound". Like tulips.

[aatghhgh No.17769305]

fiat and stocks are backed by the trust in the gov. so also backed by nothing xD

[Anonymous No.17769333]

>>17769219
>an internet meme coin without any other intrinsic value or use, aside from being a speculative asset.
lmao everyone already knew that you retard

[Anonymous No.17769348]

>>17769275
something that has literally never been tested before

[Anonymous No.17769363]

>>17769284
Bitcoin has dumped 40% while the DJI has dumped 30%. This dump is solely due to liquidity concerns, everything is getting sold off. It's obvious that bitcoin would dump harder in such a scenario due to it's low market cap.

But Bitcoin has alot of things going for it still, the fundamentals haven't changed, it's still a hedge against HYPER INFLATION, not stock market hyjinks.

The moves are also hyper exaggerated due to the insane amounts of leverage in this market. But 1btc still = 1 btc and when the government printing presses really get pumping bitcoin is going to be a solid hedge.

[Anonymous No.17769372]

>>17769219
>who the fuck is buying
Newfags that already missed out on the real moon missions of days past

[Anonymous No.17769375]

If only people knew how good things still are...

[Anonymous No.17769424]

>>17769284
Stocks are ridiculously overvalued. The real standard of living hasn't gone up in 30 years. So unless you're expecting it to crash back to 1980s level then it's for the same reason that stocks are going up.

[Anonymous No.17769432]

>>17769363

What hedge you retard? Against what?

The hedge against hyperinflation is the fucking United States fucking Dollar. This is precisely why oil is traded it it.

Of course, no one cares about third-world shitholes like fucking Russia or Iran with their local currencies. They may hiperinflate as much as they please.

[Anonymous No.17769433]

who cares about boomerstocks linkies are one of the most undervalued assets im buying

[Anonymous No.17769460]

>>17769432
>The hedge against hyperinflation is the fucking United States fucking Dollar.

[Anonymous No.17769474]

>>17769219
Dead cat bounce.

we are literally just in the early stages of this crisis. This wont even peak till at least late may to mid june according to most models... so about 3 months, in exponential fashion

Given the growth rate of the virus the amount of raw insane news yesterday will be coming in 10x harder in another 16 days and 100x in a month

At the end of 3 months... this will be 1 million times worse, assuming humanity doesn't manage to flatten the curve of this thing... and even if they do flatten it, it will just prolong the economic/societal misery.

Get ready for the most insane thing we have seen in centuries... if not ever.

[Anonymous No.17769482]

>>17769372

Seems like this nigga gets it. Newfags manipulated by market-makers like Cuckbase and Binance.

Btw, Cuckbase might not even survive another crash, back to 2k let's say.

[Anonymous No.17769505]

>>17769482
CB is a +150$ premium on BTC it's literally normie fomoing to buy the dip right now
euro pair is a +300€ premium

[Anonymous No.17769510]

>>17769482
>pumps while bitmex is down and Coinbase was having some trouble early this morning
>Americans aren’t even up yet
>low volume
And yet people still think this bulltrap is actually bullish kek

[Anonymous No.17769531]

>>17769255
>or a hunter gatherer
aka hobo

[Anonymous No.17769545]

>>17769474

> according to most models

Long run modelling is bullshit and digital astrology. No one could have modelled yesterday's fucking selloff, leave alone things like fucking Trump and his travel ban.

Models are nothing.

[Anonymous No.17769578]

>>17769219
>cult
>but why buy now?
You answered your own question. We are all people that didnt want to buy stocks at the ath and so looked for crypto.
Now, we hold heavy bags

[Anonymous No.17769586]

>>17769545
Pretty sure he was talking about corona and not the markets

[Anonymous No.17769591]

>>17769432
>This is precisely why oil is traded it it.
Ever hear of gold? Btc is basically a better version of gold. Only reason why it's not holding as well is due to the small market cap

[Anonymous No.17769592]

>>17769545
who could of known

[Anonymous No.17769688]

>>17769591

Which means that the whole concept is flawed abstract bullshit, just another meme.

If something does not walk like a duck and quack like duck...

[Anonymous No.17769690]

BTC dump happened in 3 hours and was orchestrated by a Chinese ponzi that had massive btc holdings equivilent to 1% of total btc.

[Anonymous No.17769718]

>>17769690

Source: straight from your ass.

However, what has been proven is that it is not immune against such kind of events and therefore is nothing but a meme.

[Anonymous No.17769732]

>>17769688
Because gold is used as a peer-to-peer currency

[Anonymous No.17769757]

>>17769219
>buying cheap
>bad
Pick one, we know market is manipulated, but everyone is free to do it
You don’t want to lose money? Stay far from margin trading, it’s that easy

[Anonymous No.17769762]

>>17769718
You are a stupid nigger and you will die poor. The transactions are public.

[Anonymous No.17769774]

>>17769219
Simple, this is either the beginning of the end of civilization - in that case, my money doesn't matter much in a couple of years

Or, this is the chance to build generational wealth.

[Anonymous No.17769779]

>>17769732

Not even in India, lmao. In India it is a store of value, not a currency.

[Anonymous No.17769807]

>>17769762

Whose? Binance's 2 billion volume of yesterday in the BTC/USDT pair alone?

[Anonymous No.17769833]

>>17769807
No, stupid nigger. The Chinese ponzi which sent millions of dollars worth of btc to mixers an hour before massive market selling occurred at the same time across four exchanges linked to Chinese customers.

[Anonymous No.17769845]

funny line goes down i buy
up it goes i sell
i don't know whats happening but my money will be multiplying
love you guys

[Anonymous No.17769863]

Only retards still hang on to the BTC muh store of value/currrency meme. This zero use case shitcoin needs to die already as bearish as that sounds. The only horse worth betting on is Chainlink and anyone who disagrees is a 20iq mouthbreather and can go fuck themselves.

[Anonymous No.17769869]

>>17769833

Sources other than retarded conspiracy theories would have been highly appreciated.

[Anonymous No.17769890]

>>17769869
You were already instructed to die poor. DYOR, or feel free to continue to whine on an anonymous imageboard.

[Anonymous No.17769898]

>>17769690
>TC dump happened in 3 hours and was orchestrated by a Chinese ponzi

ah yes they will purposely market sell, reducing the value of their own assets, rather than slowly offloading them
make perfect sense

[Anonymous No.17769905]

>>17769833
Plot twist , Bitfinex works together with the Plustoken scammers.

[Anonymous No.17769918]

>>17769863
>The only horse worth betting on is a shitty preminted erc-20 token, 66% owned by the creator
YES

[Anonymous No.17769919]

>>17769863

Why, yes. Link is unique phenomenon, something like real internet cult together with some meme stocks, like runscape gold, but "for real".

This shit is first of its kind, self-sustaining and will die hard.

[Anonymous No.17770011]

>>17769919
you can't really blame them tho I mean ETH managed 3000x in 2.5 years while having no supply cap and 90 million pre-mined coins
it should have never happen and yet it did, after that any blatant scam can be expected to moon too

[Anonymous No.17770098]

>>17769474
Meh, we survived the Spanish flu just over 100 years ago, it will suck, but life will move on and we'll adapt. Also, tons of old people dieing off would free up and make our health care cheaper along with helping social security, so for me, this seems like a good thing in the long run.

I also own guns and stock up on water, it's a regular thing for me since I'm a /k/ammando, but I think you have the right idea. Let panic set in more. Just sucks since I have money and people are already in panic, seems like such a good time to buy and make a quick buck.

[Anonymous No.17770125]

>>17769432

Hedge against banks falling and bail-ins. Where is your dollars when the bank shut down.
Happened in NL in 2009, some bank went down and a lot of boomers lost their savings.

[Anonymous No.17770204]

>>17770125
>Hedge against banks falling
if the whole economy collapse your shiny rocks and digital memes will be worth zero too
pic related is the only edge against total civilization meltdown

[Anonymous No.17770265]

>my linkies stay super stinky 10kEOY

[Anonymous No.17770277]

>>17770204
Banks failing isn't total civilizational meltdown you retard. Like he said it has already happened plenty of times before. You didn't even notice because civilization barely changed at all.

[Anonymous No.17770382]

hoeg

[Anonymous No.17770637]

>>17769219
People in countries that have faced hyperinflation in the modern era have always looked to Bitcoin when times got tough. People who live in the first world have a hard time appreciating the benefits of Bitcoin's decentralized nature, because they've never had to use them. There is tremendous value in operating outside jewish banking that become clear upon system failure.

[Anonymous No.17770738]

>>17769363
>The moves are also hyper exaggerated due to the insane amounts of leverage in this market.

I liked @SBF_Alameda's take on this yesterday. He noticed that the market started to recover the moment Bitmex went down yesterday, and he theorized that Bitmex's liquidation engine got in a nasty feedback loop that would have pushed price to 0 had they not halted trading for a bit. Bitmex said that hardware failure caused their system to go down, but Alameda wasn't so sure it wasn't a deliberate action by Bitmex to stop the bleeding.

[Anonymous No.17770827]

>>17769424

> The real standard of living hasn't gone up in 30 years

What is internet, cell phones, computers, smartphones?

[Anonymous No.17770865]

>>17770738

What is really ironic is that it probability was a software issue due to extemely high traffic they cannot sustain.

Bitcoin is bullshit but has been saved by a glitch lmao.

[Anonymous No.17770877]

>>17769284
crypto is bound by technology and a thousand nerds running their computers. It was extremely valuable once and honestly people will never forget the hype, goldrush, crypto millionaires, etc. Btc will forever have some kind of value.

[Anonymous No.17770993]

>>17770877

> crypto is bound by technology and a thousand nerds running their computers

That was 2013. Now with tether and binance it has almost nothing in common with that. It has been evolved into a speculative Ponzi on which market makers are making billions.

The phenomenon itself will be in the history books, of course.

[Anonymous No.17771037]

>>17770827
If you were living in the dark ages, would you know it?
https://twitter.com/bog_beef/status/1237239529171451904

[Anonymous No.17771055]

why do you care if you already made up your mind? go fuck off to /r/personalfinance you fucking dickless boomer pussy

[Anonymous No.17771130]

>>17771037
Yeah because Greek and Latin will really help you out in your career...

I'd love to see what a student from the 1920s has to say about AI studies, avionics, nuclear studies, and many many other careers that they wouldn't even have dreamt of, and see how much their knowledge in "classic literature" helps them understand them.

You dumb nigger

[Anonymous No.17771157]

>>17771055

I really curious and want to understand this particular idiocy.

It is so obviously that this shit will continue to fall back to zeroes as virus panic intensifies, that I literally have no idea what kind of fucking imbeciles are buying.

[Anonymous No.17771242]

>>17771130
Technology alone doesn't make life better especially when it is used in the service of a ZOGged out world.

[Anonymous No.17771345]

>>17771157
Maybe it's smart money that is buying after a successful defense of the weekly 200 SMA.

[Anonymous No.17771364]

>>17769219
It used to be $1, brainlet. ONE. DOLLAR.

You think all these twitter dudes are in it because they're making money? Gotta keep the ponzi alive.

Buy Tezos and BDK (bidesk exchange token). That's it.

[Anonymous No.17771499]

>>17769255
>be a millionaire or a hunter gatherer
Why not both? You would have more than enough money to afford a collection of crossbows and gears.

[Anonymous No.17771530]

>>17769219
ive read this FUD 100 times now, nocoiner. For the low cost of a couple thousand dollars, you can make a bet that if you're right, could payout millions. we're simply taking that bet. now go back to wageslaving

[Anonymous No.17771571]

Fuuuuu. Did we miss the bottom?

[Anonymous No.17771603]

>>17769474
The price doesn't care about the virus, it only cares about panic. Currently we are at peak panic and overreaction. The virus itself is mostly harmless. People act like you will die from it but the lethality for non-boomers is like 0%. Imagine selling your coins at peak panic levels, oof. In a few weeks people will be bored by the virus and move on, everything will rebound and people who sold will look like fools.

[Anonymous No.17771615]

>>17771364
BTC used to be a lot less than $1

[Anonymous No.17771778]

>>17771345
technicals dont matter when panic hits, SP500 fell almost 48% BELOW the 200 Weekly SMA in 2008, if that happens again BTC is going to triple digits

[Anonymous No.17771811]

>>17769284
> Crypto is backed by nothing
crypto is backed by logic and maths and is a revolutionary technology that can be used as money, while stocks are literally backed by nothing
> A share of Google (GOOG) trades at $1100, but Google states in writing; they don’t pay dividends, there are no voting rights, and the par value of GOOG is only $0.001 per share. So if you own a share of Google, you won’t receive any money, you cant vote, and Google will only pay you $0.001 for that share you bought for $1100. Does that sound like ownership?

[Anonymous No.17771832]

>>17771778
the fed was not printing 500 billion a day to save the market back then

[Anonymous No.17771903]

>>17769432
>The hedge against hyperinflation is the fucking United States fucking Dollar.
>Of course, no one cares about third-world shitholes like fucking Russia or Iran with their local currencies.
Yeah no. Good luck getting your dollar accepted by most countries next month though.

[Anonymous No.17771933]

>>17771811
>crypto is backed by logic and maths and is a revolutionary technology that can be used as money
no it's backed by speculation, that math can be done just the same with btc at 10k or $1
the only reason btc went so high is speculation, which then trigger massive amount to be invested in mining, not the other way around, otherwise mining farms would have pooped up in January 2009

[Anonymous No.17771951]

>>17771933
lol you said pooped

[Anonymous No.17771975]

>>17771951
oh god my argument is ruined I must end it now

[Anonymous No.17771977]

>>17771242
Neither does learning Greek or Latin, or other useless shit.

If you want to know about better life, you've got wayy better healthcare, more food & water (though Americans only seem to love shit food), reduced overall poverty, better overall hygienic standards, the possibility of instant worldwide communication & collaboration, cheap flying, air conditioning for hot climates, easy access to entertainment

>>17769284
Aren't like 70% of bank transactions also not backed by anything?

[Anonymous No.17772061]

>>17769284
shut the fuck up you retarded boomer piece of shit with your tullips you retards keep thinking that you're smart because you watched that fucking movie with Michael Douglas and keep citing that fucking scene where he talks about those goddamn motherfucking tullips and you try to steal some authenticity to yourself as some expert on the topic but none of you are you just watched a fucking piece of the pop culture you goddam boomer you aren't smart because you watched it stop citing it now

[Anonymous No.17772181]

>>17772061
haha based sperg

[Anonymous No.17772534]

>>17769219
its speculative until its not.

[Anonymous No.17773365]

Only crypto worth anything is Tezos

[Anonymous No.17773448]

Why is it so fucking difficult for you faggots to understand that Bitcoin with its hard cap supply and cant be fucked with is what makes btc fucking safe.