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/biz/ - Business & Finance

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23921960 No.23921960 [Reply] [Original]

why are people still buying this?

>> No.23921968

>>23921960
Because they can read the fucking monthly chart.

>> No.23921969

because its going to be worth $150k within 2 years

>> No.23921993

>>23921960
I just took 2k from my credit to buy more was this a bad idea?

>> No.23922003

i dont know dude if its anything like the last run its gonna crash 30-50%

>> No.23922008

>>23921960
>people
You make me laugh

>> No.23922017
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23922017

>>23921993
>buying late into a bull run

>> No.23922021

Not people just degenerates and "bankers". This garbage is going to 50k before the year ends.

>> No.23922030

12 years of price history gives us comfort that price will most likely keep going up

>> No.23922040

>>23922017
My YouTube guy said if it's under 100k then buy

>> No.23922049

>>23921968
>>23921993
it can crash any moment

well I'm happy to pick up the pieces

>> No.23922053

>>23922003
Probably, but will crash down to like 50k from whatever it’s peak will be

>> No.23922067

>>23922040
did you watch his previous videos to see if hes been right or wrong before?

>> No.23922072

because we need to speed up the bull run so we can dump before biden's tax plan ruins our gains

>> No.23922079

>>23922067
Well he is long on BTC and I believe him

>> No.23922096

>inherently deflationary asset
>in a time when governments can't stop printing fiat by trillions a month

WHY WOULD ANYONE BUY THIS SHIT!? THEY OUGHT TO LOAD UP ON MUTUAL FUNDS. MY BROKER AT EDWARD JONES SAID SO.

>> No.23922097

>>23922079
it was a bad idea

>> No.23922114

Why are people buying the unlimited mintage usd fiat shitcoin with their hard limited btc?
No idea, maybe theyre retarded

>> No.23922118

>>23922097
https://youtu.be/ijPi1u4gfxQ

>> No.23922128

>>23921960
the buying is slowing, actually. price about to break the channel downward. expect 30% or more correction from here

>> No.23922131

>>23922118
mhm i saw the same shit in 2017

>> No.23922174

>>23922128
why do you lie

>> No.23922179

>>23922131
What about these institutions buying 50% or more of all the newly mined BTC surely that us different from 2017

>> No.23922204

>>23922179
even if the bull run goes higher then last time and it hits 25k or some shit its going to fall way lower then it is right now after so youll probably lose money anyway. but i might be wrong

>> No.23922235

>>23922049
you wont pick up shit you stupid faggot, besides the egg off your face when it hits 100k

>> No.23922236

>>23922204
I think covid and Biden printing more money especially if the Democrats gain the Senate will send crypto too far Into the public's mind to crash at the same rate.

>> No.23922250

>>23922204
Peter schiff when will you leare?!

>> No.23922266

Ok, newfriends. Here on /biz/ we are really glad to have newcomers. I will help you in any doubts you have. Thanks a lot for joining us!

But first, before we start. Please tell me how and where you heard about BTC?and when did you decided to buy it? Link me your news for extra points.

>> No.23922281

>>23922235
>100k
don't be delusional, winning the lottery is more likely

okay, I have to admit, BTC can totally hit 100k...


...in 10 years

>> No.23922285

>>23922266
I was on /b/ since 2007 so I saw BTC at the beginning and was too dumb to play with it even

>> No.23922296

>>23922236
its going to crash 50% and you bought the top and it takes forever to recover

>> No.23922305
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23922305

>>23922285
Same pretty much, didn't buy until a couple years ago despite knowing about it from the beginning

>> No.23922307

>>23921960
Russian bots

>> No.23922314

>>23922266
>Heard about it on /b back in 2009
>Thought internet money was a meme we have debit cards
>people at work talk about how it’s worth 10k in 2017
>put money in and get wrecked, but understand why btc is valuable now
>never selling

>> No.23922319

>>23922128
Retard.

>> No.23922330
File: 22 KB, 108x116, Screen Shot 2020-11-14 at 4.23.22 pm.png [View same] [iqdb] [saucenao] [google]
23922330

>>23922118
A face you can rely on.

>> No.23922342

>>23921960
Lower inflation than fiat currencies and safer than banks or PayPal

>> No.23922354

>>23922096
Kek

>> No.23922372

>>23922114
Ultra based

>> No.23922378

>>23922281
Lmao if bitcoin hits gold marketcap it will be around 500k, 100k is fud

>> No.23922423
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23922423

We are gonna make it.

>> No.23922447
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23922447

Because they are chads who haven't over complicated the idea of making it.

>> No.23922453
File: 105 KB, 1237x678, 1605259374063.png [View same] [iqdb] [saucenao] [google]
23922453

"People" aren't buying much. Look at volume on BTC and tell me it makes any sense that 10% of the circ supply moves around everyday. This coin is traded by bots All it takes is a saturday, or maybe a weekend if you're retarded, to set up a bot. It only has to buy or sell on a weekly basis. Set your buy prices and set your sell price and you will never lose.

Pic related. Hint: the rainbow is just an equation that a 6th grader could figure out. +/- from the middle of the rainbow.

>> No.23922456

>>23922040
>My youtube guy
My boomer detector...

>> No.23922478

>>23922281
okay so when it hits 100k within the next 1-2 years I need you to take stock of how fucking wrong you were so perhaps you can actually learn something valuable about spouting off your mouth when you don't know shit

>> No.23922516

>>23922456
I'm 30!

>> No.23922530
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23922530

>>23922453
Why a rainbow going up rather than one that peaks and falls, so is basically at the top now?

>> No.23922542

>>23921960
Because your USD is getting inflated much more?

>> No.23922565

>>23921969
then 500k

>> No.23922576

ALT coiners running out of copium. BTC will get there first. Why is this a surprise to anyone but the overly constrain? It's like the kids who said Halo sucks, so no one ever invited them to play Halo.

>> No.23922678

>>23922204
It will never fall to those 3-6k levels ever.
If that happens again, it’s a one in a generation buying opportunity for established asset. There are a lot of eyeballs now waiting for the discount.

>> No.23922700

>>23921960
Because they are idiots who do not realize how overbought bitcoin is. Sub-10k is basically guaranteed by EOY.

>> No.23922718

>>23922700
Based

>> No.23922720

>>23922678
It will 100% be at 3k again. To dismiss this is the literal definition of dumb money.

>> No.23922747

>>23922720
You’re delusional.

>> No.23922836

Never below 10k

>> No.23922931
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23922931

>>23922565
Then 1 million. Then 2 million. We will all be billionaires!!!

>> No.23922940

>>23922747
How so?

>> No.23922971

>>23922940
post short

>> No.23923015

>>23922931
kek

>> No.23923206

>>23921960
They're using the gains to buy more Safex miners. Few.

>> No.23923343

Twitter bought millions of bitcoin

>> No.23923370

>>23921960
Looking at the graph just makes me think 100k is the next top, it seems so unlikely but I remember when I thought 10k was impossible

>> No.23923513
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23923513

>>23921960
$288,000 EOY 2021, that's why.

>> No.23923564

>>23922720
brainlet detected, this coming bubble too it’ll never be below the last cycle ath again(19,5k) that’s how btc works I’ve been in since 2013 seen it all before

>> No.23923581

>>23922266
I’ve always known about it since way back in hs (~2012 ) My good friend knew about it but we didn’t care as far as we were concerned (and everyone else) it was just digital money used to purchase illegal goods and thats basically it. Post 2017 is basically when bitcoin got rebrand from illegal digital monies/scam to store of value.

In the back of my mind tho I always knew it would take off. Shame becasue I’ve been on 4chan since I was a freshman in hs.

>> No.23923602

>>23923564
What’s the next top?

>> No.23923616

And for the others, you may get one more shot to buy at 14k , that’ll be it though, 26k by q2 2021

>> No.23923644

>>23921960
They're investing in the idea of investment

>> No.23923724

>>23923602
you’ll see 54k by q2 2022, top will be 6 figures by next halving, it’s not normies buying nor do we need them, it’s simply the wealthy allocation a percentage of their wealth to btc for the long term . This will be a much, much slower move up as they’re trying not to push the price up with their accumulation though you can see they’re now front running each other, it takes large companies 6 months minimum to get approval to allocate a part of their treasury to btc, btc will outperform overall, a few outliers will do better but btc is king, then eth #2 cause they’ll be accumulating that next. If vitalik caps eth and halves inflation it will go parabolic

>> No.23923775

>>23922072
If you already got in, why not let other dumb bulls do the work for you? If you didn't, why try to predict the market in a risky situation like this?

>> No.23923800

>>23923602
No one can tell you the tops, so just DCA in whatever you can afford.

>> No.23923837

>>23922128
No way it breaks 12

>> No.23923964

>>23921993
>2k
>on credit
LOOL

>> No.23924003

>>23923964
and he bought above 16k lmaooo

>> No.23924024

>>23922008
underrated post

>> No.23924030

>>23922114

nobody is long USD, normalfags are long stocks and bonds.
that argument is a strawman.

>> No.23924193

>>23922296
you’re too fucking stupid. you will always be poor.