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/biz/ - Business & Finance


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19062246 No.19062246 [Reply] [Original]

HERE WE GOOOOOOOOOOOOOOOOOOOO

>> No.19062289

>>19062246
weeee up the rollercoaster! only to go down again! It's funny how you retards enjoy losing your money in the same fashion everytime! weee losing money is fun!!!! crypto!!!! decentralized!!! digital gold!!! peer to peer! bitcoin to 1 trillion dollars EOY!!! weeeeee!

>> No.19062292

Wont last long below 10K. We have two halvings data and it never drops below pre halving price. Yet people still think itll crash. The post halving dip happened.

Here we go

>> No.19062299

it's gonna dump, all these dumb dumbs at peak euphoria

>> No.19062347

>>19062292
2016 had dump 30% we need dump to 6500 and then we can all be mumus again

>> No.19062359

>>19062289
https://www.youtube.com/watch?v=yPXqaXIKz_c

>> No.19062393

>>19062347
You do realize that there's no actual trend anymore, yeah? It's the thousands of whales who dictate dumps and pumps, and they don't follow predictability

>> No.19062427

>>19062347
>MUH TA

>> No.19062465

>>19062393
I heard a lot of the sell pressure comes from fees on exchanges. Long term trends aren’t so much affected by whales though.

>> No.19062504

>>19062465

i heard we can all buy buttcoin for $2 in a month

>> No.19062511

>>19062465
I dunno. This is an asset without anything backing it up. If whales dump, people get scared. Pump and they fomo. It's the only thing driving the price unlike stocks that has earnings and products.

>> No.19062538

>>19062347
maybe. Not guaranteed. I bought the 8K dip. wasnt gong to risk missing out on sub 9K bitcoin.

>> No.19062562

>>19062504
kek

>>19062511
What do you call the run up from 4k to 10k then?

>> No.19062564

>>19062511
stocks dont reflect earnings though.

>> No.19062568

>>19062511
definitely still a big speculative bet at this stage, but with asymmetrical upside and can act as a hedge against inflation.
especially with today's monetary policy BRRRRR

>> No.19062584

>>19062562
Greed.

>> No.19062594

>>19062538
good move,
i'm buying all the way down, only one person gets to trade the bottom
and if i'm wrong and we pump through res, i'm still happy with my HODL stack

>> No.19062641

>>19062594
exactly

>> No.19062722

Is that a graph of the BTC fee or the mempool?

>> No.19062750

>>19062722
BTC price on RH

>> No.19062917
File: 113 KB, 1160x616, 1589221397600.jpg [View same] [iqdb] [saucenao] [google]
19062917

>>19062292
You must be a professional data analyst but I would suggest running one more analysis on your data set with some different parameters.

>> No.19062997

>>19062393
there's no trend but it repeats the same fractals over and over

>> No.19063044

>>19062292
False. Dump will start on the 19th.

>> No.19063142

The year was 2028, JP Morgan and Google have released their joint effort 4,096 Qbit quantum computer. Under threat of banishment from Emperor Trump they are forced to target Bitcoin’s SHA256 algorithm as a last ditch effort to save the dying central banking system.
The pandemic of 2020 has caused massive hyperinflation after the virus mutated to effect those with a gene specific to Levantine ancestry at a 77% mortality rate. This gene is common in Jewish and Muslim populations, and each group blamed the other for creating the mutation. Escalating tensions brought Israel and Iran to a bloody war with each other. The United States, however, could only provide aid to their greatest ally through monetary means as their military was currently dealing with domestic food riots, while at the same time staving off a Chinese invasion. The US government succeeded in its military efforts, but at the cost of the freedom of its people. Martial law was declared, and the US dollar fell out of favor as the world reserve currency after losing 99.9% of its purchasing power in a period of 2 years. Estimates put the amount of US dollars printed to fund the Levantine wars at around $42 trillion. Globally, the world was starting to turn towards Bitcoin for what remained of international trade. It does not make sense to speak about Bitcoin in dollar value at this point. All financial organizations were put under government control when the price hit $5,000,000 per BTC in 2022, and were ordered to stop allowing their users to convert between the currencies. USD based stablecoins were declared illegal to hold under penalty of death, and the organizations that minted them were shut down.
There was a period of six years of extreme poverty and famine, which came to be known as the darkest time in human history. The people called it “the long night”.

>> No.19063174

>>19062584
Aren’t people supposed to be fearful when it drops? When I saw that run up I basically knew for a fact there will be a golden bull run after this. The only thing that could kill it are turbo whales liquidating their bitcoin to buy up more tangible assets in a market downturn.

>> No.19063192

>>19063174
Top trader positions data from Binance showed that they went all long after the flash crash to 8k, which in turns encourage the masses into joining them

>> No.19063297

>>19063142
Those who had foreseen the fall of the dollar and invested in one of the three remaining crypto currencies had been able to afford a comfortable existence, and had taken refuge in large walled communities known as citadels. The unfortunate starving masses who had been misinformed by state run media resented those in the citadels. The state run media had convinced the “outsiders”, as they were called, that those in the citadels were the reason for their suffering. The government relied on fighting between the two groups to keep them in check. The citizens of the citadel knew there was not enough resources left to keep them all fed, if they were to open their gates their plenty would become a mere drop in the hungry bucket of society. They pitied the outsiders but were powerless to help them. There appeared to be no end in sight, until the savior of the night stepped in.
The savior had a cult of disciples known as the KoK(Knights of Kek). He was the one who had created Bitcoin, and remained hidden for many years. The KoK divined his true identity early on through esoteric numerology and painstaking research. In the saviors infinite perfect wisdom he had been preparing for the day he would need to defend Bitcoin since 2011.
The savior had long ago created a network capable of providing an uncrackable encryption method completely resistant to any computer, quantum or classical. This network was once great and powerful, but with government intervention in the crypto market it had fallen from grace. The KoK, having closely followed the words of the savior, were among the wealthiest in the citadels, but their resources had been saved for a greater good.
The day the savior had been born for had come. On February 16th, 2028 he was informed by his contacts at Google that the Emperor had forced their hand. His creation that had kept pockets of humanity safe from enslavement was about to be attacked.

>> No.19063313

>>19063192
That still seems kind of bullish depending on what those whales plan to do.

>> No.19063365

>>19063297
The savior, in his plaid colored lair, high above the golden arches of the citadel, between bites of his big mac, issued a decree over his secret communication channel with the KoK. “Discord trannies rejoice! Steaking is live!” With their 10k LINK stacks in hand the KoK went to work bringing the God protocol back online. Bitcoin was consumed by the God protocol, and shielded from attack using one time pad encryption methods. A hidden line of code in Bitcoins protocol was activated and all mining operations ceased. Transactions could now only be made through the God protocol, and the remaining bastions of humanity were saved... for now. The year is 2029, and the citadels are preparing for the final attack on the Emperor. I have been tasked with coming back in time to relay a message to help tilt the scales in our favor. That message is as follows:
“My LINKies stay stinky! $1k EOY!”

>> No.19063397
File: 77 KB, 657x527, 1573581377873.png [View same] [iqdb] [saucenao] [google]
19063397

>>19063192
Very nice info. Thanks. Please post link. I'd like to delve into the data.

>> No.19063508 [DELETED] 
File: 38 KB, 1024x576, MV5BZTEwMGRjMjQtMzRkZS00ZTE5LWJjMzItMWNkNDdkN2E5ZmIxXkEyXkFqcGdeQXVyMjc5Mjg2MTk@._V1_.jpg [View same] [iqdb] [saucenao] [google]
19063508

Here we go OOOOOOOO....

>1 day later it's at $91500

OOOOOOOoooo>

>1 week later it's at $9300

....oooooOOOooOoooo

>1 month later $9650

OOOoOoOOOoOooooOoo

>1 year later $9900

OOOOOOOOOOOOOOOOOOOOOOoooooOoooOoOoOoo

>5 years from now next havling causes it to pump to $10,500

OOOOOOOOOOOOOOOOooOooooooooooooooooooooooooooooooooooooooooooooOOoo BIG GREENIES WOW WE RICH WOOOOOOWW!!!

>> No.19063555 [DELETED] 
File: 38 KB, 1024x576, MV5BZTEwMGRjMjQtMzRkZS00ZTE5LWJjMzItMWNkNDdkN2E5ZmIxXkEyXkFqcGdeQXVyMjc5Mjg2MTk@._V1_.jpg [View same] [iqdb] [saucenao] [google]
19063555

Here we go OOOOOOOO....

>1 day later it's at $91500

OOOOOOOoooo!!

>1 week later it's at $9300

....oooooOOOooOoooo

>1 month later $9650

OOOoOoOOOoOooooOoo

>1 year later $9900

OOOOOOOOOOOOOOOOOOOOOOoooooOoooOoOoOoo

>5 years from now next halving causes it to pump to $10,500

OOOOOOOOOOOOOOOOooOooooooooooooooooooooooooooooooooooooooooooooOOoo BIG GREENIES WOW WE RICH WOOOOOOWW!!!

>> No.19063600
File: 38 KB, 1024x576, MV5BZTEwMGRjMjQtMzRkZS00ZTE5LWJjMzItMWNkNDdkN2E5ZmIxXkEyXkFqcGdeQXVyMjc5Mjg2MTk@._V1_.jpg [View same] [iqdb] [saucenao] [google]
19063600

Here we go OOOOOOOO....

>1 day later it's at $9150

OOOOOOOoooo!!

>1 week later it's at $9300

....oooooOOOooOoooo

>1 month later $9650

OOOoOoOOOoOooooOoo

>1 year later $9900

OOOOOOOOOOOOOOOOOOOOOOoooooOoooOoOoOoo

>5 years from now next halving causes it to pump to $10,500

OOOOOOOOOOOOOOOOooOooooooooooooooooooooooooooooooooooooooooooooOOoo BIG GREENIES WOW WE RICH WOOOOOOWW!!!

>> No.19063681
File: 101 KB, 1564x916, tradingview.png [View same] [iqdb] [saucenao] [google]
19063681

>>19063397
https://www.binance.com/en/futures/funding-history/3
It's under "trading data"

You can also use TRDR.io to more easily tell variables live.

>> No.19063711

>>19062289
>COPE The Musical

>> No.19063743

>>19062347
Im thinking that most people who would have dumped after the halving have actually already dumped from the coronavirus panic. I honestly don't think it'll go down that much, if at all

>> No.19063867

>>19063681
Thanks. They're long so I guess I should be as well.

>> No.19063915

>>19063867
Just barely though, at a 1.08 rate which is the lowest since before the crash. That said, i'm longing to 10400 myself. But i'm no super autistic mega genius though so what i think matters not.

>> No.19064046

>>19062997
History doesn't always repeat itself, but it often rhymes. Btc 100k eoy.

>> No.19064167
File: 672 KB, 1280x720, log regression chart bitcoin.png [View same] [iqdb] [saucenao] [google]
19064167

>>19062289
hard cope, this 2014 chart is all you need, the guy as off by 10 days on the first time we reached 10k

>> No.19064240

Bitcoin is fundamentally flawed

On the Instability of Bitcoin Without the Block Reward
https://www.cs.princeton.edu/~arvindn/publications/mining_CCS.pdf
The most in-depth paper written on bitcoin EVER
Princeton university

>Beyond the doomsday
economics of “proof-of work” in cryptocurrencies
Monetary and Economic Department
https://www.bis.org/publ/work765.pdf

>> No.19064389
File: 37 KB, 586x578, 1566239765021.png [View same] [iqdb] [saucenao] [google]
19064389

>>19064167
>doesn't understand how math works

>> No.19064430

should I sell at 10k?
bitcoin only was above 10k a few days the last 500 days. The sell barrier at 10k is just too strong.

>> No.19064601

>>19064430
in my opinion yes. We are close to the top

>> No.19064705

>>19062246
It's over 9 gorillion!

>> No.19064775

>>19064430
what do you think will happen if it breaks 10K and holds?

>> No.19064873

>>19064775
it will go to 10500 like the last time and go back to 9k the next day.
best case scenario? 12k and then huge crash to 8/9k

>> No.19064946

>>19062246
It's going to dump with the stock market

>> No.19064988
File: 147 KB, 600x800, 1589387098701.jpg [View same] [iqdb] [saucenao] [google]
19064988

>>19062289

>> No.19065005

>>19064873
Smells like true price discovery. Tell me it isn't so!

>> No.19065181

>>19062292
>it never drops below prehalving price
lmao

>> No.19065446

>>19062292
That is totally false, have you even looked at the chart? No dip has happened yet, but it will

>> No.19065980
File: 742 KB, 675x720, 1581793945174.png [View same] [iqdb] [saucenao] [google]
19065980

>>19063142
>>19063297
>>19063365