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/biz/ - Business & Finance

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18845445 No.18845445 [Reply] [Original]

Why is it struggling to cross the $9k mark?

>> No.18845476

>>18845445

Not enough fresh blood willing to get pumped and dumped a second time. The moonboys can only hype it up so far.

>> No.18845482

>>18845445
stock market crash on monday, too much uncertainty right now

>> No.18845500

>>18845476
Kinda what I was thinking. Is it likely to dump from here or will we get to cross $9k? What are your thoughts?

>> No.18845505

Because the tether printers don't work on weekends.

>> No.18845514

>>18845445
because it was an artificial pump and nobody is buying into their scam

>> No.18845517

>>18845482
Why is it so closely linked to the stock market? It shouldn't be.

>> No.18845521

>>18845500
I bought at 889X, hoping it pumps to 9100 so I can escape this sinking ship

>> No.18845522

>>18845500

If you're already invested, set a stop-loss order at a place where you feel comfortable so that you can be ready to get out and save your money for something truly valuable (like gold). If it does pump, ride it up as far as you can, but cash out at a certain point; don't get greedy, because it _will_ crash.

>> No.18845540

>>18845445
because smart money is buying eth

>> No.18845550

>>18845540
Nope. Smart money is stacking fiat and will buy ETH only once it drops below $140. Keep hodling, cocksucker

>> No.18845555

>>18845514
>because it was an artificial pump and nobody is buying into their scam

Is there evidence that supports that?

>>18845522
Gained 15.33% in the past week not sure how much longer it'll go though.

>> No.18845560

>>18845517
recession + risky assets drop harder
if it clearly decouples tho it can be a sudden moonshot.

>> No.18845599

>>18845445
There's a solution to this. If everyone here, and by that I mean the rest of you go onto exchanges right now and put in orders it will pump further. Situation solved.

>> No.18845705

>>18845599

If somebody wants to risk losing all their money, I suggest they go and do that right now, yes. There are still $15,000 or $12,000 bag-holders, don't be a $9000-one too.

>> No.18845795

>>18845445

Because every time i buy it fucking tanks!
fml

>> No.18845840

>>18845517
>it shouldn't be
why not? BTC is a speculative investment. In a financial crisis, people are going to be increasingly driven out of it as they stock back up on fiat.

>> No.18845923
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18845923

Because the social narrative is falling apart

>On the Instability of Bitcoin Without the Block Reward
https://www.cs.princeton.edu/~arvindn/publications/mining_CCS.pdf
Princeton university

>Beyond the doomsday
economics of “proof-of work” in cryptocurrencies
Monetary and Economic Department

https://www.bis.org/publ/work765.pdf

"Second, the transaction market cannot generate an adequate level of
“mining” income via fees as users free-ride on the fees of other transactions in a block and in the
subsequent blockchain. Instead, newly minted bitcoins, known as block rewards, have made up the bulk
of mining income to date. Looking ahead, these two limitations imply that liquidity is set to fall dramatically
as these block rewards are phased out. Simple calculations suggest that once block rewards are zero, it
could take months before a Bitcoin payment is final, unless new technologies are deployed to speed up
payment finality. Second-layer solutions such as the Lightning Network might help, but the only
fundamental remedy would be to depart from proof-of-work, which would probably require some form
of social coordination or institutionalisation."

>Written by phd´s in computer science and economics. Bitcoiners can’t refute this fud, lol. These academic papers prove that proof of work will not work longterm.
Another weakness is the lack of on chain governance, which results in huge governance and coordination problems, and limits innovation.


https://medium.com/@johnblocke/r-bitcoin-censorship-revisited-58d5b1bdcd64

>> No.18846144

>>18845923
Hmm. That likely means as it has been previously speculated that another coin will dominate. One with greater technology.

>> No.18846159
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18846159

>>18845445
> no print in 3 days

>> No.18846271

>>18845445
It will struggle til September. Just like it struggled last time

>> No.18846313

>>18845445
https://www.youtube.com/watch?v=gf6pai97n2o

>> No.18846347

>>18845445

Because almost nobody is buying and the smart people are already selling.

>> No.18846364

>>18845795

So buy a little and then buy more when it's cheap

>> No.18846428

>>18846347
Could you elaborate why?

>> No.18846946

>>18846428
I think he’s wrong. The volume is reasonably high and bullish, but I expect the sentiment to change post halving.

>> No.18847041

>>18845445
the hebrews be keeping it down

>> No.18847146

>>18845923
The 2 articles aren't even bearish. The fact there's intellectuals researching and trying to improve bitcoin is bullish.

Lol @ the Reddit drama piece at the end.