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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


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18719008 No.18719008 [Reply] [Original]

Oldfag here that went throught 2 halvings. I honestly don't like this. This may be the first time we hit a lower low post-halving. That would be a brutal bottom that would get rid of permabulls and moonboys on Youtube. I can't help but cringe at all those casuals with their clickbait thumbnail spamming videos. Those guys need to capitulate, a lower bottom post halving would be brutal and would finally kill altcoins as well. After that, I would feel safe going all in. Right now, I can't even be sure to put 10k on it "Just in case due pre-halving". Also, proving Bitcoin can survive a lower low post halving would set a extremely bullish case in the future, since a lot of people think it would be the end of the world (it wouldn't) and this constant paranoia would be there.

When you still have a bunch of idiots thinking they can get rich with their pretend Bitcoin, clickbait all over social media and so on, you already know Bitcoin is not ready for prime time. This sheep has to be removed before real money comes, and if real money sees a margin in liquidating a bunch of idiots back to $2.8k they will.

>> No.18719018

Wendys chef here. I raped many women behind Arbys but still only make 30K/year

>> No.18719083

>>18719008
This halving is full of over-leveraged miners, a final flush dump going into the halving will allow the big boy overlords more market share. But with SPX crawling up with no end in sight, hard to predict when it will occur. 61.8% must mean we are close.. I Hope

>> No.18719095

>>18719008
We will see $5k levels again certainly, bunch of newbies buying into the $1m BTC LMABOLAND MOON DREAM WOOOOOO

retards can't even do basic math, let alone read charts this will be 2017 all over again

>> No.18719105

>>18719008
Subway foot long porn star here. I raped and killed dozens of hot teens but I still only make 35k a year. Wtf?!?!?

>> No.18719124

>>18719095
what happened in 2017?

>> No.18719140

>>18719124
9/10

you're pretty good

>> No.18719156

>>18719008
How much BTC do you have will help me determine if you are a fucking dumbass.

>.t Actual oldfag whale who can smell bullshit a mile away, not saying you are full of shit yet.

>> No.18719157

>>18719018
Bitches And Sex Everyday

>> No.18719183

greatest fisherman extraordinaire here, i think u are maybe onto something op

>> No.18719193

>>18719140

i wish. Newfag here

>> No.18719203

>>18719008
remember: the lands outside of the citadel will basically be a death camp.

>> No.18719217

>>18719203
How many LINK to be allowed into the Citadel?
Are 1000 LINK enough?

>> No.18719224

>>18719124
>>18719193
people like you are the ones that will lose most of their money and the reason BTC will have a hard time succeeding

>> No.18719229

>>18719217
Only people with 100% bitcoin will enter my citadel

>> No.18719231

>>18719008
tether printed 240 million USDT today
this market will not be allowed to crash again

>> No.18719240

>>18719193
at least you cop up to it. Google 2k17 bull run

>>18719224
go back to twitter

>> No.18719252

Willy Woo is a fucking retard

>> No.18719263

>>18719083
>This halving is full of over-leveraged miners
>source: my ass

>> No.18719286

>>18719263
he is right though

>> No.18719306

>>18719240
You're the one who's reading twitter/watching yt vids please attempt to hold a rational conversation with me, you can't

>> No.18719324

>>18719286
>source: my ass

>> No.18719359

>>18719008
>BTC crashes
>Miners capitulate
>Satoshi reveals themselves and move all their BTC into the new protocol
It's all playing out perfectly.

>> No.18719364

I understand 2017 had that massive bullrun at the end. I thought you were saying BTC will go down to 5K, itll be like 2017. Thats where I got confused.

>> No.18719392

>>18719008
>doesnt have 10k to gamble with
you're not an oldfag

>> No.18719401
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18719401

>>18719008
those who didnt make it in 2017 were all looking forward to 2020 and 2021 for the next halving as this would be the time they "make it"
this halvening bubble was growing for 3 years now, those who want to get rich from it already bought in, and now are waiting for the BTC price to x10 again.
PRICED IN

>> No.18719403

>>18719140
>>18719224
technically it happened in 2018

>> No.18719416
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18719416

>18719008
>Oldfag here

>> No.18719455

>>18719359
miners won't let btc go to prices that it's unprofitable to mine though
mining is a business that they have invested in
lowest BTC price is whatever it costs for miners to mine it + some profit.

>> No.18719460

>>18719008
>pretend Bitcoin
>oldfag
https://www.fool.com/investing/2017/12/29/3-cryptocurrencies-that-rose-by-more-than-100000-i.aspx
Please, do tell me more about how altcoins are doomed to fail when Bitcoin halves.

>> No.18719491

>>18719455
Fuck off retard

>> No.18719498

Likewise OP, I've been seeing buy everywhere, even from my trusted sources but something doesn't feel right.

It's possible there's room for some small term gains all the way to 10k again but the risk of capitulating as fast as we did a month ago is too risky.

My shorts are still set at 3k but I think I should set them even lower.

>> No.18719508

We are in a Kondratieff winter anon.

Everything will be sold for USD, including bitcoin. I expect < 2k prices for BTC , this aligns with the price action pre-halving, the global macro environment as well as the mechanism to prevent moonboys from getting rich.

People are forgetting the point of bitcoin is a hedge against inflation - it is worthless in a period of deflation. Wait for the stagflation at the EOY , and watch BTC/ETH/LINK usher in a new financial economy.

>> No.18719524

>>18719455
What will they do when Satoshi themselves say Bitcoin has no future? Rest assured it will be blamed on the miners themselves with their huge mining pools, asic miners and centralization of power, making it more difficult for regular folks to take part.

>> No.18719536

Capitulating is also priced in. If it goes really low those moon boys and permabulls aren't selling. Hodlers always don't sell for some reason, and most of /biz/ probably are not selling since it's not a lot of money and whats the point of it's so little now? What's left is bots and your daytraders that are going to get screwed hard. Unless you are banking on a flash crash, which people already have really low buy orders to kek.

>> No.18719569

>>18719508
So if I hold for a full year I’m basically chillin

>> No.18719572

>>18719508
does it look like deflation is happening anywhere?
literally every national bank is printing billions + shit like trumpbux

>> No.18719601

>>18719572
That makes it look like inflation but the price of oil makes it look like deflation is coming.

Truth is no one has a freaking clue as to what will happen. Anyone who tells you they do is lying.

What I think may happen is both depending on the market. IE. oil could have deflation and food could have inflation. But again no one knows.

>> No.18719604

>>18719572
Printing money and a deflationary recession can happen simultaneously numb nuts. Inflation may occur in the long run due to the printing, but not necessarily in the short run. Might not happen for years

>> No.18719630

Its pretty simple.

Economies are shut down, there is no revenue. Most world economies have dollar denominated debt. They have no USD to make their repayments. The Fed's printing is a) Nowhere near enough b) Gets caught up in the system.

Everything will be sold off => deflation.

>> No.18719651

>>18719217
Well that will depend on how many BTC you can convert them into, won't it?

>> No.18719688

>>18719306
go back

>> No.18719698

>>18719604
What this guy said
Increasing the money supply doesn’t equal inflation. People are so fucking stupid.

>> No.18719828

Retail money died in 2017 - we are not going to pass the $20k peak by tricking zoomers on coinbase anymore.

The world has to be demonstrated the inherent frailty in fiat currencies. For this, the dollar has to/will become a global wrecking ball, and the entire economic system will start to seek alternatives.

My best guess would be some kind of weighted stablecoin, which would appear to be bullish for link / eth.

It's unclear where Bitcoin would fit into this, but the digital gold narrative for institutions only makes sense after a meltdown.

Think about how ridiculous the current situation is, people are inherently bullish on the halving without understanding what it is. People just repost 'brrr' memes and buy bitcoin without understanding the complexities of currencies and the economic system.

>> No.18719866

>>18719604
This! I don't know how often I already explained this here in the last few weeks, but those fucking 19 yo subhuman zoomers think they always know it better.
>Muh Blackpilled zoomer
Those retards don't even see how stupid they are

>> No.18719885

>>18719572
Read this: >>18719866
And now kill yourself you piece of shit

>> No.18719906

>>18719401
Lots of those people panic sold already, and lots more will sell this year and next year when they get laid off from their jobs and they need money.

>> No.18719932

>>18719401
Can’t help thinking this scenario will play out. Literally everyone has just been sat here waiting for the halvening to get rich. Shit doesn’t work like that.

>> No.18719941

>>18719866
I’m actually a zoomer lol
But everything you said applies to 99% of us

>> No.18719973
File: 1.08 MB, 1023x1023, 123456789.png [View same] [iqdb] [saucenao] [google]
18719973

>>18719008
>tricking zoomers
>when boomers have all the money
I know several boomers wanting in

doubters and shitcoiners repent

>> No.18719974

>>18719572
Oil prices? Look at the June contract anon
All currencies against USD look trash from a price action standpoint
All commodities look fucked

>> No.18719984

>>18719906
You know what they say:
Biggest Innovations and changes happen in a crisis. That's at least what history shows. Those people might never ever have to go back actually

>> No.18720019

>>18719008
Imagine claiming you’ve been through 2 halvings and ALSO claiming you need to think about spending $10k or even that you’re still bothering with crypto. Should have at least $50MM banked, but you don’t because you’re a larp. Sage.

>> No.18720021

>>18719941
99%
thank you for confirming retarded zoomer

>> No.18720043

>>18719906
Unironically this is exactly what we should be preying for. The crash will be astronomical but the gains could be historical

>> No.18720070

>>18720019
Was thinking this as well. Being in crypto for 2 halvenings unless youre a paid Indian shill, should have made you enough money to walk away

>> No.18720087

>>18720021
“Us” referring solely to the zoomer generation, not the general population you absolute tard

>> No.18720147

>>18719008
The new protocol will succeed where the old one has failed

>> No.18720177

>>18719498
>>18719508
Another oldfag predicts 3k prices

https://medium.com/@RossUlbricht/bitcoin-by-ross-9-a-strong-signal-for-lower-prices-87d2cdcdba95

Then, the sky is the limit.

Note that this guy is literally rotting in jail for the rest of his life, so its not like he has any agendas.

>> No.18720200

>>18719508
>ETH/LINK
post discarded

>> No.18720221

Bitcoin will be 118,000 end of year forecasts predict. All the major big-time investors are in on this. Dont worry about it.

>> No.18720228

>>18719536
Yeah, you aren't selling, until you start panicking. Moonboys are the first to panic, they are newfags.

>>18719572
No one is buying stocks or btc with trumpbux, but basic needs.

>> No.18720272

>>18719828
Stop pumping your shitcoin bags. Altcoins have no say in the world economy stage, never had, never will.

>> No.18720340

>>18720019
>>18720070
This is exactly how retarded newfags think like.

Yes, I do have more money than you. No, I don't have millions, just like most people that went throught 2 halvings.

>> No.18720380

>>18719524
If some guy who claims to be Satoshi without proof says that? Why I don't know, anon, people might go so far as to shrug.

>> No.18720426

>>18720340
>No, I don't have millions, just like most people that went throught 2 halvings.
t.dunning kruger

>> No.18720469

Dumb nigger here , wtf is Bitcoin?

>> No.18720534

>>18720380
Craig is not part of Satoshi, although he has been a part of the narrative.

>> No.18720639

>>18719630
Interestingly Americans hold nearly 80% of all crypto. There were some market surveys about that. Which is not surprising when you realize how poor most of the world is.
Fed printing goes to Americans first, so it could pump crypto

>> No.18720726
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18720726

Do people just not realize the detriment segwit and the block cap is gonna have with this halving. Im really starting to think biz has been shilled so hard that everyone has just contracted retardation

>> No.18720759
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18720759

>>18720228
Are you the one that panicked and sold? Is that why you want it to go to 2.8k and below?

>> No.18720762

>>18719498
>something doesn't feel right
"this is a suckers rally" <- you are here

>> No.18720833

>>18719008
How can you not like the fact that we just nosedived to 3.8k shaking out all the weak-handed faggots while managing to hold the 200 week SMA super-support and grind higher for a month into the halving date?

We'll probably pump hard, dump, and then chop higher over the year. The real halving truth is that it takes time for the gradual reduction in daily supply to accumulate and have effects on market price. It's not a day-one thing.

>> No.18721669

>>18720426
t. statistics

>> No.18721722

>>18720833
This time BTC is way more mainstream = more weak handed faggots. Still too much optimism. I could be wrong and bottom is in, but too much optimism is a fact. Just look at youtube pumpers.

>> No.18721999

>>18719364
It goes down, weak hands shake out, then sideline cash comes in & pumps it. Ie, go short now, then long below 5k.

>> No.18722064
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18722064

>>18719124

>> No.18722318

just hodl your money invested in btc isn't real money

>> No.18722490

>>18720833
Nothing happens at the halvening. It is the months that follow where you will see.

>> No.18722534

Yea no you're wrong about everything and are a monster fag. Trash thread.

>> No.18722542

>>18719008
>Line must go down!

K.

>> No.18722606

>>18719630
...so money destruction?

>> No.18722656

>>18719698
Theoretically it should. The problem is there's no demand for dollars because oil is not necessarily and the dollar is anchored to oil - thus countries need little to no dollars to power up their economies. I don't recall stagflation happening before Bretton Woods System.

>> No.18722661
File: 221 KB, 3097x1939, bitcoin-halving-chart.png [View same] [iqdb] [saucenao] [google]
18722661

>first bitcoin halving
>5 weeks crab with a very slight dump, then moon

>second bitcoin halving
>5 weeks on a slightly stronger dump, then slowly climbing to a bull run

>third bitcoin halving
> ??

What's gonna happen, bros? I predict another dump, but nothing massive, and an even slower recover.

>> No.18722785

One thing crypto fags depend on solely TA and FA.
I run a Professional sports betting service.

Fade the public and win at a %70 clip.

Proven winner time and time again if set with minor parameters. That won’t apply here. BTC won’t do shit this halvening. Not sure it plummets , that’s where the TA fags would prosper.

Fade public sentiment
Fade public $
Always a winning formula that translates perfectly to crypto forks, peaks, milestones. IE ZCL to bitcoin private.

>> No.18722828

>>18722785
i have a few friends and family who are perfect normie barometers. they all want to buy in because of muh halvening. they don't know that they're buying my bags

>> No.18723109

>>18722656
>the dollar is anchored to oil
no its not.

>> No.18723150

>>18719306
Look at a fucking graph, newfag.

>> No.18723636

>>18719083
>>18719008
so this is how people miss out on the bull run. . . interesting.

>> No.18723810

Consider the following:
>BTC halving in early to mid May.
>Normies buy in like in 2017 hoping to get rich.
>Price plummets in the following weeks.
>Bag holders selling out like crazy
>Normies and weak wrists get out
>Price drops more
>Mid June comes stuff start going up
>July 1st arrives Mt.Gox rehab plan goes in.
>BTC movement starts again.

Now if the new Whales sell, the thing crashes and chink miners capitulate.
BTC drops like a rock.
Depends on July 1st, all I know is that I wouldn't buy now because price is dropping anyway.

>> No.18723814

>>18723636
what a dumbass.
who is gonna start a bullrun? the WORLD is changing. you'll hear terms Pre COVID and Post COVID to identify world impacts in words.
yet Bitcoin is gonna moon because the halvening.
sure.
should i feed my family or buy digital coins.
enjoy my bags fucktard.

>> No.18723977
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18723977

>>18722661
imo there was some major miner capitulation in march. everyone who was planning to dump onto the halving hype sold in march. now who's left? a bunch of holders, and we'll see some big green dildos in the next 30 days

>> No.18723986

>>18719008
Last time Willy Woo and Tone Vays were making major predictions, crypto did the exact opposite of what they said.

>> No.18723993

>>18723814
Idiot

>> No.18724040

>>18719008
bitcoin is never going back to all time highs. it went to all time highs back in the day because of nascent mainstream popularity of bitcoin and because of darknet markets. no one gives a shit about crypto anymore in the real world, and darknet markets have died off considerably. now it's just autistic pump and dump schemes and a slow bleed to $0.

>> No.18724067
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18724067

>>18724040
>>18723814
yeah i'm sure it's going to crash

https://www.theblockcrypto.com/post/49451/bitcoin-more-popular-than-netflix-stock-among-millennials-gbtc-one-of-their-top-5-equity-holdings

>> No.18724083

Bitcoin will go up after the halve I get event. However we are going to have another covid related crash that will mirror last March. Short term gains for the smart ones. Not a good time to invest long term.

>> No.18724086

>>18724067
>Millennials have a higher equity holding in Grayscale’s Bitcoin Trust (GBTC) investment product than Netflix stock

what an incomprehensibly retarded article

>> No.18724138

>>18724067
how much would you say a avg millenials portfolio is worth?

Ive made my point.

suckers

>> No.18724141

>>18719008
I keep warning people about the halving collapse and none of the bulltards here will listen. They always say that its the same every time. These retards don't understand how its fundamentally different this time with how weak bitcoin is and the world economy. The halving is going to obliterate mining and that is going to trigger a cascading collapse. Its so fucking obvious but permabulls only believe in their delusions of 5bil bitcoin.

>> No.18724175

Honestly I don't like you fat piece of shit but I'm day trading Steem right now making 400 to 500 sats every few hours so I'm at least able to tolerate your nonsense posts about shit you don't know about. Just don't leave my newbies the wrong way. Also take a shower you stink.

>> No.18724290

if mining was cut in half, why would that lower price?? this argument has never made any sense. the assumption we should all have is that miners will sell 100% of their mined coins, either as they are mined or all at once for some enormous crash. how many different entities or people or how much hashrate doesn't fucking matter.

>> No.18724449

>>18724141
Cascading collapse tards are as deluded as moonboys.

It will go lower, enough for it to frustrate most people, except the ones that don't, which will guarantee it keeps running. When you see "Bitcoin is dead" again it's when you go all in.

>> No.18724460

>>18724290
>BTC is harder to produce.
>Miners need more electricity to produce
>Miners sell bags to cushion price of electricity and invest in energy efficient stuff like solar panels.
>This sell off is what brings BTC price down only to later climb at greater heights.

Problem is July 1st is still a thing and also
>80% miner pools are in China

>> No.18724490

>>18724175
Is this a bot? I've seen the same post in different wording in many threads today?

>> No.18724737

>>18719008
Ross Ulbricht did predict 3,200 BTC before we moon next. It's a great opportunity to shake the morons free who didn't understand fundamentals when they invested.

>> No.18725354

>>18724460
>gibberish
lol wut
layer 1 is going for 1/3rd of the market
and if BTC is going to crash so be it i'll just buy more

>> No.18725375

>>18719008
this is probably when XMR starts its run to flip BTC

>> No.18725523

>>18724040
BTC doesnt need the average joe to go ATH, but first we need more pain.Your frustration is a good sign but we need more of this.

>> No.18725578

>>18724449
You are a fool if you don't think a cascading collapse happens. I guarantee that bitcoin will be sub 1k in a few months.

>> No.18725586

>>18725578
great. i have $50k waiting for that day

>> No.18725818

>>18719008
oldfag here, seeing the same as you and have been warning but we all know who wins at the end >>18725597

>> No.18725917

low IQ here

Do the opposite of what the mass is about to do

There is no money to be made when everyone agree on one thing (BTC up after halving) because it's in the whales interes to get those stop losses ESPECIALLY NOW that they can also short on Noseberg Bitmex

Low iq answer: bitcoin and crypto is average joe normie tier territory call it whateva you want.. but it's normie tier territory

solution: to search for other virgin unexplored markets

>> No.18725987

>>18719229
100% link enters your moms citadel

>> No.18726281

>>18721669
If you've been through 2 halvings you bought BTC at $5-10 meaning worst case scenario if you only bought $1,000 worth you'd have been able to bank over $1MM. But instead you're here shitposting, pretending like you know anything. If you knew something you would have bought more than $20 worth of BTC you fucking larp, and you'd be rich beyond your wildest dreams. But you're actually just a larping cunt who can't even do the basic math to understand if he's claiming he has been through 2 halvings and isn't filthy rich there's only 2 possible scenarios why and both of them make him a retard.

SAGE