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/biz/ - Business & Finance

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22333936 No.22333936 [Reply] [Original]

There are two kinds of people out there. Smart money that knows bitcoin is in a bear market and bulls so drugged out on hopium that they are not in reality anymore.

>> No.22334011

yes, we know. what do you get out of posting this? "sky's blue" whoa so observant

>> No.22334140

>>22334011
STFU, this shithole is filled with retarded bulls.

>> No.22334870

>>22334140
you sound poor

>> No.22334899

>>22333936
The question is how long will the bear market last.

>> No.22335192

>>22334899
For another year at least now that stock to flow has been invalidated. Expect it to bottom out at around 1200.

>> No.22335440

>>22335192
Fuckkkkkkk you should put 100x leverage on a short then you’d be so rich................you psychic

>> No.22335532
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22335532

>>22335192
bro....just shut the fuck up. seriously. these little kid games where you faggots try to act like you know what's going to happen, they're pathetic. we are 2 days into a bear market and your faggot ass is calling a year long bear market now. do you realize how fucking retarded you sound? go back to Minecraft, little man, and let the big dogs make some money.

and Bitcoin $1200??? hhahahahaahahaaahahahahahahahahahadaahahahahahahoateuhsoneuhsaoneuhsaoneuhahahahahaheouhtoheuaholyfuckingshit

>> No.22335908

>>22335440
Its not being psychic, its called having common sense.
>>22335532
Stay salty bullfag

>> No.22336052

>>22333936
this bobo always makes me laugh. you niggers are the best

>> No.22336191

>>22335192
1200 lol. I think it’s going down but not down there

>> No.22336255

>>22336191
Yes it is. That was the true bottom we never hit because the last bear market got manipulated before it hit it so now it has to go back. The bulls did this to themselves.

>> No.22336304

>>22333936
lol at every new paradigm BTC reaches there are idiots like you who say "lol it's over for BTC"
People are buying it to invest in their future, not to flip bags of shitcoins tomorrow for easy profit.

>> No.22336330

>>22335192
Most margin exchanges will collapse if we dump to 1200

>> No.22336404

>>22333936
how salty are you to have missed out on 6 months of crypto bull?

>> No.22336489

>>22333936
Smart money doesn't know where the price is going to go. You'll learn this over time and be humbled by it.

>> No.22336492

>>22335908
Then make the 100x leverage on a short like no offence but it’s disgusting that you’d let a talent like that go to waste.......sad

>> No.22336651

>>22336492
Bears don't actually have money to invest with, that's why they salivate over the prospect of a 99.9% drop because it's the only way they'll ever get a bag.

>> No.22336847

>>22336304
Not even one single serious investor thinks bitcoin is a serious worthwhile investment.

>> No.22337048

>>22336847
You mean like Paul Tudor Jones? The writing is on the wall.

"Jones, who said his Tudor BVI fund may hold as much as a low single-digit percentage of its assets in Bitcoin futures, becomes one of the first big hedge fund managers to embrace what until now has largely been snubbed by the financial mainstream. He was motivated to take a hard look at Bitcoin after considering the implications of massive fiscal spending and bond-buying by central banks to combat the coronavirus pandemic, he said."

>> No.22337147

>>22335192
I'm bearish rn but you lost all credibility with this post

>> No.22337217

>>22336847
alright time to close up this thread. I thought there might be some TA or something of substance but instead OP is just a retarded faggot: https://www.forbes.com/sites/billybambrough/2020/08/09/after-bitcoin-betrayal-goldman-sachs-is-suddenly-betting-big-on-blockchain/

>> No.22337294

>>22336847
Are you actually this stupid or are you trying to FUD to accumulate at lower prices? Honest question.

>> No.22337297
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22337297

>>22335532
>2 days
More like two weeks. ZOOM OUT, and look at the net decrease in volume everywhere.
Cope more at your lack of proficiency at reading charts and your delusional hopes of seeing numbers going up forever. Enjoy the red candles because trust me, it will last for a while. next stop $5000

>> No.22337307

>>22337048
The moment that nobody even mentioned anything positive about bitcoin he became a laughing stock. No serious investor respects a loon like that.

>> No.22337363

>>22337217
Look at Fidelity too. And JPMorgan is still fucking around with their digital currency endeavors.

The greatest transfer of wealth in human history is going to happen within the next few decades (boomers to millenials). Millenials are not interested in gold.

>> No.22337365

>>22336651
Hence the leverage heyyyy I know it’s stupid possibly going into debt but this guys has a Chrystal ball so the risk should be minimal for him

>> No.22337385
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22337385

>>22333936
>bulls so drugged out on hopium that they are not in reality anymore.
This. Pic related is proof that we're not done yet

>> No.22337414

>>22336847
I’d like a response to this >>22336492
You jew

>> No.22337454

>The greatest transfer of wealth in human history
You doomers keep saying this stupid shit, its not fucking happening.

>> No.22337457

>>22337307
You asked for a serious investor. I can't think of a more quintessential serious investor.

I wonder if these Fidelity people are serious investors? This is all happening right now.

https://www.forbes.com/sites/michaeldelcastillo/2020/08/26/fidelity-president-files-for-new-bitcoin-fund/#44363d4445c9

>> No.22337511

>>22337454
Generational wealth transfers happen inevitably. They happen whether you want them to or not.
Look up statistics on how different generations look at bitcoin, by demographic. This is a very simple concept.

>> No.22337567

>>22337511
The demographics say that the youngest and dumbest people think that bitcoin is money.

>> No.22337794

>>22337567
Technically it is, and with future technology it could actually be used as money. It doesn't need to be both a store of value and a fucking global currency. Younger people are investing in bitcoin. Look at the market cap of gold vs Bitcoin. This is basic arithmetic. The digital world is increasing at breakneck speed. We are early, in the decades to come Bitcoin at 10k will be comical. It is rigged to go up, just like the stock market. The technology is a rabbit hole and incredibly fascinating. If you don't like it, short it, but you won't.

>> No.22337876

>>22337794
So fake internet scam money is the future of technology? Jesus, do you actually listen to the shit that comes out of your mouth? Nobody can take this nonsense seriously.

>> No.22337947

>>22337876
Okay, it's clear you don't know anything about Bitcoin and can't refute basic statistics so I'm done. I'm not going to spoonfeed you. You have to research this stuff on your own. I don't care if you do but it is fascinating.

>> No.22338655
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22338655

>>22337454
>>22337457
>>22337511
>>22337567
>>22337794
>>22337876
>>22337947

My monies on orange.

>> No.22338736

>>22333936
>muh bitcoin
the meme that bitcoin moves moves the market isn't true at all in 2020. Eth was dragging btc upwards.
Phase0 launch soon, ethbtc going to 0.1

>> No.22338823

>>22338655
Why would you put your money on Trump?

>> No.22339198

>>22338736
>the meme that bitcoin moves moves the market isn't true at all in 2020.
It's been true the past week.

>> No.22339255

>>22339198
wrong, yield farming started collapsing, vc farmers started selling eth. It's literally all about eth while people without all information create narratives about bitcoin doing something

>> No.22340119

>>22338736
BASED

>> No.22340886

>>22333936
I found bitcoin when they were roughly a dollar each, could only by drugs and child porn with it, being interested in neither I never bought in.
It fucking disgusts me the amount of pedo's and junkies that would have profited from bitcoin.