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/biz/ - Business & Finance

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24219056 No.24219056 [Reply] [Original]

Some people are buying btc at $ 19398

>> No.24219089

>>24219056
imagine how smooth their brains are

>> No.24219125

>>24219056
good deal cosidering it is going to 100k by this time next year
who wouldn't take an easy 5x just because it pumped a little bit?
>>24219089
you don't have to imagine what its like to be a smooth brain

>> No.24219132

6 Link just cost me $100.

It felt so surreal that this is the new normal. I used to have 80,000 of these in 2017 and it was worth like 14k.

Who the fuck is spending this kind of money on digital chuckee cheese tokens?

>> No.24219152

>>24219056
First of all That's still incredibly cheap.
Second it's not average retards doing that it's huge corporations doing that

>> No.24219162

Yea and they will x5 their money

>> No.24219189

>>24219056
If you're someone who dca's every paycheque or something, I don't really see why you'd stop now. Institutions are starting to replace gold with bitcoin, rapidly. The guys with the overwhelming majority of bitcoin are looking to preserve wealth, not pump and dump.

>> No.24219191

>>24219125
>>24219162
$100k is FUD

>> No.24219206

>>24219056
you'd have said this at 1k in January 2017 as well

>> No.24219224

>>24219162
imagine thinking BTC will ever be 100k

>> No.24219262

>>24219056
Buying at this price in 2017 was a bad idea.
Buying at this price after a 3 year bear market and the fact that nobody is bagholding isn't nearly as bad. You just have to wait

>> No.24219287

>>24219224
it will be 100k in a couple of years.
But you must be a retard to buy btc at these prices when in january is going down to 13k

>> No.24219303

>>24219056
>A recently leaked report from a senior analyst at Citibank described bitcoin as “21st Century Gold” and suggested that current market trends could push its price towards $300,000 next year.

https://www.independent.co.uk/life-style/gadgets-and-tech/bitcoin-price-record-latest-btc-b1760875.html

their smart

>> No.24219389

>>24219224
It will reach far higher indeed

>> No.24219410

The exchanges are becoming less popular in the last year. We need to support more useful systems like gotem.io. You can stake nodes to run a decentralized version of the platform.

>> No.24219448

Smooth brain here, do they bring the coins to your house or do they mail them when you buy them?

>> No.24219495

>>24219287
BTC will never be that low again, retard

>> No.24219506

>>24219056
They're called smart money. You can buy on the dip to 45k

>> No.24219528

>>24219495
>20% drops not possible in bitcoin
newfag retard

>> No.24219570

>>24219162
This. Retards were posting the exact same about $1 link.

>> No.24219600

>>24219056
and? btc is goin to 100k in less than year

>> No.24219605
File: 1.14 MB, 358x277, fkn_moon.gif [View same] [iqdb] [saucenao] [google]
24219605

>>24219448
they email a qr code breh
you can use it for covid points

>> No.24219620

the point is that it will go higher eventually but it's stupid to by a parabolic top that will obviously correct

>> No.24219622

>>24219056
Im waiting for a dip to about 19150 then Im unironically longing 75x to 20k

>> No.24219660

>>24219287
14k is the lowest. 15k is more realistic

>> No.24219753

>>24219620
It's not parabolic

BTC has been steadily climbing for most of 2020 and the growth is sustainable this time

XRP went parabolic this week but BTC has been steady

>> No.24219864

>>24219528
a 20% drop would put it at 15k you retard

>> No.24219979

>>24219056
Same thread was posted at 11k 12k 14k 16k 18k

>> No.24220351

>>24219605
Based and boosh-pilled

>> No.24220394

Its not people, its just Tether BOTS.

>> No.24220420

>>24219056
Yeah. Smart money like PayPal etc

>> No.24220447
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24220447

>2021
>Some people are buying BTC at $50000
This you OP?

>> No.24220462

>>24219287
Youre daily reminder that you cant beat the market. You can rationalize all you want why you are not all in bitcoin right now. Just know you will never be smart enough to swing it. The money has always been in buying and holding.

>> No.24220473

>>24219056
He spend thousands...

>> No.24220511

>>24219224
Give one sensible reason why this shouldn't be the case

>> No.24220575

>>24219056
unlike 2017, not a stupid move

>> No.24220676

If I had more money to spare I would buy more Bitcoin today. I’ll wait for my next paycheck.

>> No.24220706
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24220706

>>24219056
Hey, I've Seen This One!

>> No.24220764
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24220764

College and bitcoin will always be expensive; smoothbrains depends on how you integrate the time function of money

>> No.24220772
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24220772

>btc is worth more than I think it should be, so it must crash

>> No.24220933

>>24220462

possible to swing with conversion strength

>> No.24220980

https://www.strawpoll.me/35158198

>> No.24221034

>>24220511
BTC is a garbage protocol hyped by brainlets

>> No.24221131

>>24220933
This

>> No.24221714

>>24221034
Not a very compelling argument. Got anything else?

>> No.24221742
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24221742

>>24219056
/r/bitcoin brainwashes newfags every single day

>> No.24221855

I have $56 in cash I could take to the atm right now and turn into 0.00282693 btc

I have $56 and I'm thinking the 0.00282693 will be worth more in 10 years than the $56.

How much could it be worth? $3,957 at a btc average price of $1.4M.

Equivalent in chainlink? worthless in 10 years. Eth? nearly worthless. XLM, XRP, etc? totally and completely without value. In the intervening 10 years there will be something on the order of 50,000 new shitcoins. Every single one of them will be "revolutionary" and there will be threads for all of them on biz

>> No.24221928

>>24219528
Kill yourself you fucking failure you cant even calculate percentage

>> No.24222424

>>24221855
There will be a lot of shit coins, but there will be a lot of coins that serve a purpose. Governance tokens for decentralized projects. ICO Tokens as company shares. Token with other functionality. They will stop being moon missions but valid investing forms once the crap has been weeded out

>> No.24222542

Why you think it will be 100k and such in near future? Why not just crash at 60k or something like that for a new crypto winter?

>> No.24222549

>>24219191
i unironically believe this

>> No.24222778

>>24219125
>t. 19k buyer

>> No.24222945
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24222945

>>24222542
Patterns mostly.
But also we haven't even reached the media attention phase

>> No.24222959
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24222959

>>24219056
Soon

>> No.24223035
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24223035

>>24219753
>It's not parabolic
zoom out

>> No.24223109

>>24219056
>Bitcoin will be worth 6-7 figures
>wow I can't believe people are buying low 5 figur bitcoin
>>24219132
>buy an asset because you expect it to go up in value
>it goes up in value
>OMG HOW COULD THIS HAPPEN

I swear some of you are retarded

>> No.24223210
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24223210

>>24222945
Leave the house much?

>WSJ.com reaches a global audience of 22.4 million digital readers per month who seek the news and information critical to their business and personal lives. It reaches 30.2 million U.S. visitors across all devices every month

>> No.24223247
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24223247

OMG guys BTC broke through the $19,300 support level and is collapsing fast, it's only at $19,290 now! Could this be the end? Which shitcoin should I flee to as a safe haven!??!??!?!

>> No.24223270
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24223270

>> No.24223459

>>24222945
Indarasting. But picrel talks about halving. This is all good and sound, but this cannot be the only correlation, right? Like we have normies, institutions, previous crush and burn at ATH, peoples expectations from that crash, many factors in play, we can't just base everyhting on graphs? 2017 was first time BTC crashed for normies, and they remember that fact now. So maybe they will be more carefull now, and there will be some wisdom of the crowd to stay away from ctypto.

>> No.24223514
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24223514

Correlation between interest in google searches for keyword "bitcoin" in places like Turkey?

>> No.24223557
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24223557

Correlation between interest in google searches for keyword "bitcoin" in places like Nigeria?

>> No.24223907
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24223907

>>24223459
>high altitude theory about economics
>theory about psychology
>condenses and distills everything into a simplistic, yet grand theory encompassing and explaining everything, past, present, and future

I'm going to go all in on, "You're wrong, about everything, all the time" for $1000, Alex.

>> No.24223932

Yes, I am. I have no regrets.

>> No.24224070

>>24223907
That is all very nice and vague anon. Have anything concrete to say?

>> No.24224080

>>24219303
>>A recently leaked report

ONE TRICK OF THE TRADE THAT BANKS DONT WANT YOU TO KNOW!

>> No.24224369
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24224369

>>24219056
mfw bought the top

>> No.24224410

>>24219056
>>24219089
>banks buying hundreds of billions of dollars worth of bitcoin
>investment banks and retirement funds buying hundreds of billions of dollars of bitcoin
>chinese banks issuing billions of dollars worth of bonds payable in cash and bitcoin
>paypal buying 70% of all newly minted bitcoin to sell to customers
how stupid are you arstechinca trannys?
>Dilate

>> No.24224525

easily going to $1mil by the end of the decade, anything until $100k is a bargain.

>> No.24224690

>>24224410

this is a dotcom bubble. proof of stake / consensus coins are better in almost every way. it's only a matter of when to exit btc and what to buy.

>> No.24224718

>>24224070
"Assuming" makes an "ASS" out of "U" and "ME"

>> No.24224749

>>24223035
He's >>24219753 right, though. The current price action is not the insane spikes that we saw in 2017. There is steady purchasing that is moving the price upwards.

When we moved over $18K a few days ago, I told you faggots that there was a triple-top and we'd see a drop. Sure enough, it went down as low as $17.5K. Then -- and this is the important part -- it recovered and moved past $19K on volume.


And from the news reports it is almost entirely being driven by PayPal, CashApp, and other payment processors allowing users to do custodial storage with them. There are now only 900 new units of BTC being created per day by miners, and 630 of those units are being used up by JUST the customers of PayPal alone putting their funds into BTC. And that's with PayPal's "we'll hold your cryptoassets for you" thing only being allowed to SOME of their customers in North America; it hasn't even been opened up to the rest of the world yet.

PayPal allowing people to denominate their accounts in BTC has opened it up to a lot more people and has normalized it. They don't have to send their passport photos in to Coinbase (which promptly lets them all get hacked and dumped on the internet), they don't have to figure out a bunch of weird technical gibberish about private keys and address generators and UTXOs and hardware wallets. They just go into their PayPal account control panel and, I dunno, click on a button saying "I want my cash to be held as Bitcoin", and wa-la. And PayPal goes out and buys some BTC from an exchange and hodls it in a secure location so that people don't have to sweat the details.

>> No.24224774
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24224774

>>24221714
It's literal jew subverted tech that will not work / achieve it's goal, because it can't and wasn't designed to do so. Every change to the software since 2012 has made it worse.

>> No.24224798

>>24224690
>POS coins
they certainly picked the right acronym.

>> No.24224816

>>24224690
Dotcom burst at 6T (TRILLION) open to only US Investors in year of fucking
2000
2000
2000
2000
before the TRILLIONS AND TRILLIONS OF CENTRAL BANK EXCESS LIQUIDITY.
Now we are in this market 20 years later, and crypto is worth only 550B. Do the math

>> No.24224845
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24224845

>>24224690
>it's only a matter of when to exit btc and what to buy.

And you're going to nail it and become a multi millionaire for buying the exact right shitcoin at the exact perfect time... just takes dedication and smarts and you have it all in spades... Yo've put all the puzzle pieces together and finally have your Grand Narrative(tm). Congrats... you've graduated from Dunning-Kreuger University (4chan branch campus)

>> No.24224880

>>24224749
I feel like I'm in the minority thinking this looks different from 2016 and 2017. Only a small handful of coins (the cheap ones) are showing fomo/euphoria/parabolic charts. Bitcoin has been making a slow but healthy climb upwards.

I don't know if I buy the paypal explanation, but it looks different to me, certainly.

>> No.24224896

>>24224774
The real world:
>past performance is no guarantee of future result
4chan:
>I can predict the future because (insert observations from the past)

I can only guess how large your bank account must be given your unique talents and contributions to this thread

>> No.24224993

>>24224749
>. There are now only 900 new units of BTC being created per day by miners, and 630 of those units are being used up by JUST the customers of PayPal alone putting their funds into BTC
How do you know this? Paypal insider?

>> No.24225015

>>24224845

i'm not buying shitcoins. xrp/ada/ eth 2.0 seem promising.

>>24224749
>And PayPal goes out and buys some BTC from an exchange and hodls it in a secure location

how are they insuring it?

>> No.24225096

>>24219132
>I used to have 80,000 LINK


oh no no no no no no no

>> No.24225144

>>24219132
>this is the new normal
Fuck, everyone sell. RIGHT THE FUCK NOW! GO GO GO!

>> No.24225148

>>24219206
>you'd have said this at 1k in January 2017 as well

He probably did. Some people never learn.

>> No.24225180

>>24219132
Those 80k linkies are worth a million now kid. It doesn't matter of it's chuckle tokens or what, of people pay for them, they're worth money

>> No.24225282

>>24224816
Can you expand anon

>> No.24225480

>>24224816

so what happens when people exit BTC and USD at the same time?

>> No.24225577

>>24219056
my friend literally sold there, and got some GLITCH instead

>> No.24225595

>>24219056
I was on this board FUDing LINK after it "couldn't crack $5". FML

>> No.24225885

>>24219287
You’re not as smart as you think you are. If you could easily predict the market, you’d make millions trading bitcoin options with calls like that. You wouldn’t be LARPing on /biz/.

>> No.24225917

>>24225480
Wtf are they going to exit into, retard? Beanie babies?

>> No.24225973

>>24219056
>>24219089
Some people are SELLING BTC at 19K, this is more mind-boggling

>> No.24226362

>>24224845
Kek

>> No.24226386

Guys could Btc be infinitely valuable? It allows companies to claim more value without doing any work. All they have to do is to keep buying and it drives the price up which makes the coins they own worth more which increases the company valuation which increases the stock price which gives them more money to buy more btc to increase the price ad nausm...

>> No.24226569
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24226569

>>24219056
My cryptocuck.com earn terms can only mature so fast. Flipping all that USDC over to BTC as fast as I can.

>> No.24226669

>>24219056
I'm one of them. I'm about to get a fat paycheck and I'm mad it didn't come earlier.

>> No.24226680

>>24226386
>he cracked the code
oy vey shut it down

>> No.24226768
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24226768

>>24224896
Get off your high horse man. You probably bought btc for the first time in 2020 and feel good for once in your life about your x2 gains.

I have no intention of convincing anyone here that crypto is a ponzi. I'm just here to laugh at the pretentious fagots like you that will remember what I said when you lose all your money.

>> No.24226818

>>24219056
I seriously doubt regular people cares about buying BTC at these stupid high prices. Exchanges on the other hand have a lot to lose if they don't keep the prices moving.

>> No.24226878

>>24219132
>Who the fuck is spending this kind of money on digital chuckee cheese tokens?

You, anon, quite clearly you.

>> No.24226972

>>24226386
its the logical thing to do considering that the currency supply is just going to increase

>> No.24227164

>>24219287
For once i agree with a bitcoin tard.
When hyperinflation kicks in at Zimbabwian levels then it will be at 100k.

>> No.24228309

>>24219056
dial 8 nocoiner

>> No.24228675

>>24219056
if more than 20% of us dollars were printed this year
and bitcoin peaked at 20k USD in 2018
doesn't that mean that, in equivalent outstanding supply terms, bitcoin is really only ~$15,500 given the USD dilution? after-all, $19,300 today is not the same as $19,300 2 years ago, inherently.
thots?

>> No.24228738

>>24224410
The only thing that concerns me is the silk road coins that were seized by the us gov. Can they dump on the market? I haven't looked at how much they got but would it be enough to end the bullrun if they do?

>> No.24228793

>>24224749
Would the bitcoins seized by the us gov from the old silk road be enough to counter act the buy action? For example if they dumped them all at once?

>> No.24228797

>>24219132
It's not normies. It's big money hedging vs devaluation of assets, shares, bonds and above all fiat.

>> No.24228814

remember market always does the opposite of what seems will happen, we will see a big crash soon, I've been in crypto for 6 months, trust me, I know what I'm talking about, don't fomo into eth and btc, be smart, only buy when there's a discount, ofc it can magically go to 40k or eth could hit $1000 tomorrow, but what will for sure make you money iwthout a risk? buying when eveerything is red, not when it's pumped to shit. Notice how $600 eth is pretty slow rn? Smart money is not retarded, shit will crash very soon, some people are almost x2, you've been warned :)

>> No.24228843

>>24219132
Did you buy a lambo?

>> No.24228849

>>24219056
I bought btc on 6k. Am I happy? Yeah!

>> No.24228859

>>24228738
don't worry, it's only almost a billion, look at btcs mc, nothing would happen, nothing significant atleast

>> No.24228893
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24228893

>>24228675
divide by m1 then you can see inflation adjusted

>> No.24228930

>>24228859
Good to know thanks

>> No.24228999

>>24219056
in going to be 10 ~ 20 lots of to the bull run peak, 5 x after the pop.

>> No.24229075

>>24228859
>>24228930
It will cause a chain reaction if they were to market sell it though, if you have any stop losses set you could get rekt

>> No.24229263
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24229263

>>24219056
>>24219089

Investment funds, corporations, banks, nation states. Trillions of dollars that would never enter the market without parabolically increasing the price. The real smoothbrains are the retards posting here with their sub-100k networths thinking they know better.

>> No.24229524

>>24219056
honestly if i was only trading based off of TA I would be buying, everything points to breakout with 24k target
news is bullish too, we hit this price 3 years ago when fundamentals and mass adoption were non-existent (remember all the unconfirmed transactions in 2017?)
there's no reason we couldn't push it to new ATH being this close already, it would be stupid to think bulls won't at least try so if you're a margin trader that's easy 5% gain
not to mention we now know for a fact BTC is not a fad so even when people panic and it dumps it's nearly guaranteed there will be another pump in the future
it's not that risky knowing that another halving is only 4 years away
think about it, you'd be breaking even today even if you bought at the very top of 2017 pump, we're nowhere close those levels of fomo and normie attention yet this time

i'm bullish on bitcoin but even more so on ETH in this coming week

>> No.24229746

Some people like PayPal and grayscale

>> No.24229760

>>24229524
i forgot to mention, parabola still holds and parabolic runs usually end in MAJOR pump (especially since we're talking crypto), I can't imagine parabola breaking without something like back in 2017 happening first
again, we're nowhere close those leves of panic buying yet

>> No.24229990

>>24228793
>dumping a billion dollars worth of BTC at once.
I don't think anyone who would be left to manage that sum of money could do something so retarded, but for theoretical purposes, yes it would have enormous impact.

>> No.24230094
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24230094

>>24219056

It's because they still think there's only 18 million or whatever bitcoins in existence. They think they are very clever for making something which is digital but cannot be counterfeited.

Just one problem... "Bitcoin" will no longer meaningfully exist as a network when all transactions are taking place within L2 custodial wallet networks.

How many Bitcoins are there again maxis?

...are you sure about that?

https://en.wikipedia.org/wiki/Fractional-reserve_banking

>> No.24230351

>>24224993
it's been in the news lately

>> No.24230401

>>24219056
That may unironically be a good idea anon. The media didn't even notice, there's no hype. And what do you think when the age of infinite qe and zero interest rates discovers the market mechanics of 21mio fixed amounts. I'd rather have one.

>> No.24230506

>>24228814
>I've been in crypto for 6 months, trust me,
fucking kek

>> No.24230569

>>24230401
>The media didn't even notice, there's no hype
it's been on CNBC and front page of the wall street journal so far

>> No.24230588

>>24219056
They are buying for utility and not as an investment. E.g. move money, hide money.

>> No.24230605

>>24219056

just bought 2

>> No.24230806
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24230806

in inflation adjusted terms this is an asuka rally.
by volume as well the spot index is pretty tame, it's more than before but not 2017 crazy.
previous top 2019 might be resistance/pullback,

if not, then definitely resistance at the inflation adjusted ATH of 30k, or the return to "normal" level a bit before.

>> No.24230901

>>24225917
the chinese ruppee or whatever

>> No.24231121

>>24229263
How dose uncircumcised cock taste?

>> No.24231689

>>24230569
Of course financial magazines and some news headlines. But believe me, we're very far from the hype in 2017. There were people hyping on afternoon talkshows.

>> No.24231739

>>24231121
You should give it a try fag

>> No.24231766

>>24219132
>I used to have 80,000
I'd kill myself

>> No.24232026

>>24219056
Tax evasion

>> No.24232241

>>24219191
Unironically this.