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/biz/ - Business & Finance

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22181359 No.22181359 [Reply] [Original] [archived.moe]

>> No.22181391

assets are overinflated.

>> No.22181421

Everything is down.

>> No.22181447

It's not dropping liquidity and mc is getting sucked into a few defi projects on uni

>> No.22181464


>> No.22181519
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>> No.22181566

Buy more, hold and shut the fuck up

>> No.22181569

Too many new wallets w/small accnts

>> No.22181570

stocks didnt impact crypto this significantly even with the COVID shit in March.

>> No.22181597

I'm hodling. this shit is still ridiculous.

>> No.22181717

I’m waiting for the next stimulus payments to go through. Inflation plus desperation means crypto goes up

>> No.22181885

The economy in general is in contraction and the DeFi shit is reaching a point that everybody knows it's a bubble, and the increase in ETH gas fees caused by the DeFi shit is starting a domino effect causing everything using the ETH blockchain to bleed, which hurts the entire crypto market in general. It is a shitshow and it's not getting better anytime soon.

>> No.22181911

I believe some insiders dumped their shitcoins early before the stocks began to dump. They knew what was coming.

>> No.22182023
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Just buy & hold anon. Put down your Blockfolio and come eat my a$$

>> No.22182046

Btc miners dumped

>> No.22182059


>> No.22182086

are you new? btc went from 12k to 3k

>> No.22182356

not interested.

>> No.22182390

I'm not talking about 2017.

>> No.22182453

this makes sense but it's unfortunate and I'd argue the timeline to recovery is unclear.

>> No.22182457

Margin shorting. If we can beat the bears, we'll cause a short-squeeze again and BTC will moon over $25k, ETH to $2k. However, if we can't, then bears will short them both into the $3k/$60 range.

>> No.22182495

>The economy in general is in contraction
How long until governments realize that it's time to open up?

>> No.22182506

influx of retards buying shit that they dont understand happened to be timed perfectly to the stock market top.

>> No.22182592

lol what? yes it did retard.

>> No.22182617


>> No.22182715
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it's just part of the natural pattern
expect continued decline until mid december
flat line
then moonshot in march
screencap this

>> No.22182734

that exacerbated it. but would you agree that the overinflation caused by the YFI/DeFi/Uni shit was the catalyst?

>> No.22182754
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>> No.22182764

I would eat that mans ass

>> No.22182772


>> No.22182780


>> No.22182811

This is the only explanation why we dumped. We got bogged and they’re not done yet either

>> No.22182819

ok I'll concede.

>> No.22182855

you think it'll dump more?

>> No.22182904
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Dubs confirmed

>> No.22182944


"dump eet"

>> No.22182959

Aye, fight the bears

These greedy fags I swear

>> No.22183028

BTC went from 10.5k - > 3.4k

>> No.22183073
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>> No.22183156

i'm holding.

>> No.22183209


>> No.22183733

Everyone found out that our penises are fake.

>> No.22183994

yes but not recently

>> No.22183998

Just buy at every resistance level, average and HODL. It is normal retraction to start the GBR.

>> No.22184164
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It touched the 1d Hull MA which acted as resistance

>> No.22184360
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Bond yield speculation is putting 15-30 year bonds in negative terrirtory. Everyone is escaping to cash, and smart money is escaping to PM's, all other speculative markets will shit the bed.

How do I know PM's will continue to perform well in this market compared to others? Because everything said PM's should have tanked at around 1,700 an Oz a few months ago when bond yields started tanking, as typically PM's are tighter than stocks, that didn't happen, PM's have already disconnected. Stocks never did, stocks lag because their is "less" speculation on them. Why did crypto shit the bed before stocks? Crypto is even more speculatory. Just my uneducated opinion.

>> No.22184401

Look what happened in March you cuntface. Practically lost half its value in a couple days.

>> No.22184410

what the fuck is PM

>> No.22184444
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Precious Metals

>> No.22184531

Fucking checked. Still not buying gold though. You'd be better off investing in a ridiculous gun collection and friends to shoot with.

>> No.22184713

Gold looks like it's in the beginning of a multiyear bull cycle that started in May 2019. The picture I posted is my strategy for trading Gold while it maintains its bullish posture. When it comes out of consolidation, it should have another powerful push to the upside. It's probably a few weeks away though. Not buying right now is the safe move, but keep an eye on it.

>> No.22184864

Bitcoin will undoubtedly be more profitable than any of this shit in the long run.

You guys on /biz/ make everything so fucking complicated when it doesn't have to be. Be an early adopter. That's it. For at least 3 fucking years now everyone on this board probably knew that Amazon would be a titan in their industry and would keep rising for at least a while, and yet how many of you put money on it? Same shit with Tesla. Same shit with Facebook. People waste their time gambling with shitcoins instead of investing in companies with obvious signs of industry leadership. You don't even have to catch them close to the beginning. That's why I brought up Amazon just in the past 3 years. Look at the charts and ask yourself "at what point did I know these 3 companies would become monopolies?" and the answer is usually much earlier than when they could have provided you insane gains.

>> No.22184885

based. accurate. good data.

>> No.22184928

based as well.

>> No.22184955

DeFi is a fraction of total crypto and its TVL hasnt budged much.

My guess is stonks panic

>> No.22185107

Who wants to put some moneroto a good cause?
The crypto world could be better without them.

>> No.22185142

The thing is, if you bought Amazon 5 years ago, you would have about 7x gains now. Some of these shitcoins are doing 10x in two months, sometimes overnight. The companies you mentioned would give really good return over the long run, but its the same as high risk, high reward.

>> No.22185143

In Minecraft, obviously.
I dont vent hold xmr.

>> No.22185208

Americans are selling to pay the rent

Watch everything go back up next week when Congress re-legislates the federal unemployment insurance that expired a month ago

>> No.22185249

Beyond retarded. It was a 75% drop.

>> No.22185258


>> No.22185350

Not until the majority of the populace is so racked by poverty and violence that they beg the government to step in and take control of their lives.
Then we'll be in the technocratic cyberpunk future.
It's going to be great.

>> No.22185438

eth fees.

>> No.22185463

must be new-fag. 2016 had multiple 40-50% drops on the way to 20k.

>> No.22185479
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It's really that simple.

>> No.22185490

people caught up to the scams. It's over.

>> No.22185601
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Probably this, actually.

>> No.22185606
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Yeehaw. Time to buy more bros

>> No.22185763


It's just Chinese traders selling to buy gifts for their family. It happens every year.

>> No.22185783

He's a retard coinbase user, they dont see the worst dips

>> No.22185843

Chinese New Year right

>> No.22185900

Holy shit, I never thought I'd see 4 digit bitcoin again, but it just wicked under 10k a few moments ago. I hoped 10500 would be stronger support, but not today.

>> No.22186451

how did you know i use goybase?

>> No.22186509

Cheap BTC after the dust settles. Nice

>> No.22186614

Why do people like being a walking advert for clothing companies kek. No triple digit IQ person would walk round with 'chanel' written on their t shirt or jewellery

>> No.22186655

I highly doubt she's triple dig

>> No.22187008

100% agree with you. If you play it smart you can catch shitcoins mooning simply due to memepower alone or being freshly listed on Coinbase. Nothing wrong with making money where you can. But at the end of the day there's a lot of people here who can't handle stress, and like you said, 7x gains is still fucking INSANE compared to what you'd get from a bank.
Best thing to do is just keep an eye out for future emerging titans.

>> No.22187824

if u think this is coming from america ur not paying attention

>> No.22187871
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>> No.22187873


>> No.22188540

Probably tied to the bithumb raid as well.

>> No.22188549

Everything else is irrelevant, crypto is majority determined by american markets

>> No.22189024

Bitcoin has a CME gap at $9,665 so the collective market is going to push to fill it. Literally just buy more and hold— bitcoin and other altcoins and all are going to rocket back up beyond the recent ATH by the end of the year.

>> No.22189546


>> No.22189691

A heap of mining farms are offloading thier bitcoin, dont know why

>> No.22190024




>> No.22190464
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>> No.22190828

This. The swings were retarded. There was no reason for ETH to rise like that, and fall like that. Selling now is too low, so I bought. Price should be in the middle.

>> No.22190985

>Determined by Americans
>China has 60% of the mining hashrate
anon i...

>> No.22191048

Uh, it's an extremely volatile asset that hasn't yet gained mass adoption in actual commerce outside of pornhub. Seriously today it like biz/ babys first volatility bag hold.

>> No.22191138

its strongly correlated with the stock market now
just buy and wait for Jerome to use the forbidden technique, it will go up with the stock market

>> No.22191167


>> No.22191382

Irrelevant, trading volumes dwarf mining volumes

>> No.22191615


>> No.22192543

Why are we forced to endure retards like you posting on this board?

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