[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 281 KB, 1079x1330, Screenshot_20201126-095616_Brave.jpg [View same] [iqdb] [saucenao] [google]
24296700 No.24296700 [Reply] [Original]

WHAT THE FUCK IS HAPPENING

>> No.24296713

>>24296700
A healthy correction down to the 20 week moving average of bitcoin

>> No.24296715

It's gonna get really ugly by weekend

>> No.24296714

>>24296700
Months of gains wiped out in a fucking day. It’s so tiresome

>> No.24296716

Banks making munchkin fulfill a promise.

>> No.24296717

>>24296700
west coast tech giants are waking up and dumping?

>> No.24296729

>>24296700
The great reset.

>> No.24296756

>>24296729
That's not for another ten years

>> No.24296766

>>24296700
Feds cashing out to give stimulus checks

>> No.24296768
File: 12 KB, 320x180, bitc.jpg [View same] [iqdb] [saucenao] [google]
24296768

>>24296714

>> No.24296769

welcome to crypto

>> No.24296771
File: 414 KB, 640x640, tenor.gif [View same] [iqdb] [saucenao] [google]
24296771

Nobody fucking knows, all bullshiters.
Im a tad dissapoint right now, legit wondering if the 20k cap will just never fall as whales take profit then buy back in cycles.
Never gonna make it of thats the case.

>> No.24296784

You should have known it was a bullshit pump when it was the normie coins pumping

>> No.24296786

>>24296700
Almost all coins still up for the month. Btc 30 percent. XRP 100 percent. XLM 90 percent. Zoom out and hold through the chaos. The despair is just newcomers getting their sealegs.

>> No.24296790

Stop shitposting faggot. What exactly is wrong? Prices go up and dowm in every economy. Buy high sell low shithead

>> No.24296796
File: 302 KB, 2048x1536, cramer nervous.jpg [View same] [iqdb] [saucenao] [google]
24296796

nervous

>> No.24296801
File: 330 KB, 750x450, 1.png [View same] [iqdb] [saucenao] [google]
24296801

>>24296700

BTC was invented by the central banks for three reasons, first, to split the anti-fiat community, and cause dissension in our ranks; secondly, to divert capital away from precious metals; thirdly, to prepare the world for CBDCs. It ought to have gone to zero after 2017, but it has been pumped and re-inflated by tether and other stablecoins, just as the stock market has been pumped and re-inflated by Q. E. My reasons for thinking as I do:

1) Tether is widely believed to be responsible for the 2017 crypto pump (its own founder admitted this suspicion to Jordan Belfort https://www.youtube.com/watch?v=Xzpqxqbq0Jg).).

2) Tether now has 10x the mcap that it did during the March crash, when BTC crashed to $4000, and also has a 40 billion per annum printing-rate. The only time when tether was ever audited was 2018, and yet even then it was found to be backed only by “75% cash and cash equivalents.” The truth is, tether is probably “backed” by the very BTC which it is printed out of thin air to buy.

3) BTC volume is only 5% of what it was in 2017, and Google searches for Bitcoin are in the gutter. This shows that retail interest is low, and almost all BTC is going into tether's hands (as DesoGames explains here https://www.youtube.com/watch?v=qzDjJ-SrojY).).

4) BTC is completely worthless as a currency. https://blog.plan99.net/the-resolution-of-the-bitcoin-experiment-dabb30201f7?gi=a80dff4c0636 In 2017, you had $100 fees and 3-day transaction times when sending BTC. Even if the Lightning Network were implemented, only 0.1% of the world population could use BTC.

5) The only way to use BTC as a currency is to go through Blockstream's second-layer solutions (like the LN), which track and trace everything you do. BTC also tracks you forever on a pseudonymous ledger, hence why the BTC Twitter hackers were caught within days of cashing out. Physical gold and silver coins are therefore superior for privacy to BTC.

(1/3)

>> No.24296803

god you fucking retard just look at a chart of late 2017 and you will see where we are going
it's literally and unironically a lower high, super bearish like beyond your understanding tier of bearish, it's over
if you are afraid to see buttcoin at 3k you can't even imagine the horror waiting for ya

>> No.24296824
File: 127 KB, 902x717, 2.jpg [View same] [iqdb] [saucenao] [google]
24296824

>>24296801

6) Solutions like BCH are not the answer, since, the larger the block-size, the greater the centralization. To the point where you might as well simply keep your gold in a vault and use a gold-backed crypto instead, because that is no more centralized than what you will inevitably have with something like BCH or BSV. Kinesis (allocated gold on the Blockchain) does everything which BCH claims to do (banking the unbanked, 24/7 transactions, making microtransactions, etc.). https://www.youtube.com/watch?v=5Q9aYYluRA0

7) Satoshi is really Adam Back, the head of Blockstream. https://www.youtube.com/watch?v=XfcvX0P1b5g Blockstream is controlled by the banks and the Bilderberg Group.

8) Bullion banks are bidding up the price of Bitcoin on the futures exchanges at the same time as they are suppressing the price of gold, as Rob Kientz shows. (https://youtu.be/Bq9SblPW-6w))

9) Promotion of BTC in the mainstream media is unrelenting, showing that they completely back it. The MSM, of course, is controlled by the bankers.

(2/3)

>> No.24296850
File: 320 KB, 1291x1790, 3.png [View same] [iqdb] [saucenao] [google]
24296850

>>24296824

10) Russia, China, and the other eastern countries have been accumulating gold to issue gold-backed currencies after the reset, not crypto. They already have enough gold reserves to do this. The eastern countries are where the real production is, so, if they don't take BTC, BTC is good for nothing.

11) Gold-backed currencies in the modern banking system would work with perfect efficiency, whereas no crypto can function as a currency for more than a minuscule fraction of the world population.

12) Money must represent savings, i. e. what is useful for production and industry; otherwise, no country has any reason to take it as an equivalent exchange for their goods and commodities. But crypto stores no intrinsic value. After the reset, then, BTC will go to zero when priced in gold (as Alasdair Macleod says).

13) Crypto has enormous intrinsic disadvantages when compared to gold. If you have gold in a vault, you are protected from the following: Being tortured out of your life-savings within ten minutes; losing them to memory-loss; dementia; a thoughtless mistake when making transactions; a key-logger or other hack; burglary (extremely rare with respect to private vaults); a fire; a hardware failure. BTC also, as I have said, lacks the privacy of gold and silver coins, and is fundamentally unusable as a currency. Whereas digital gold on the Blockchain (Kinesis) or gold-backed currencies in the banking system are perfect as currencies.

(3/3)

>> No.24296868

Whales/guys in the know when should I buy back in?

When Bitcoin is $12k? $13k? $14k? or?


Also which main coin has the best change of doubling or tripling in 2021?

Bitcoin? Bitcoin Cash? Litecoin? Ethereum.
I can only use Paypal right now to buy.

Thank you.
Happy Thanksgiving.

>> No.24296872

>>24296803
Nice try bobo but you'll be the first to rope

>> No.24296885

>>24296700
At least chainlink overtook LTC again

>> No.24297021

>>24296824
>To the point where you might as well simply keep your gold in a vault and use a gold-backed crypto instead, because that is no more centralized than what you will inevitably have with something like BCH or BSV.
I agree that a PM backed crypto is likely the answer. But what crypto has the proper infrastructure to act as a peer to peer medium of exchange for the underlying PMs? BSV seems to be the best answer imo

>> No.24297027
File: 1 KB, 420x420, red.png [View same] [iqdb] [saucenao] [google]
24297027

>>24296700
RED
Nothing but red
Everything is red
red

>> No.24297035

https://www.youtube.com/watch?v=0akBdQa55b4

>> No.24297052

>>24296700
Buying opportunity tonight.

>> No.24297074

>>24296872
>this time is different

>> No.24297079

>>24296771
That’s fine. Ride those waves.

>> No.24297086

>>24296700
It's over, move on

>> No.24297101

>>24296700
Beartrap mate. Buy now before it's too late, we're getting ready for lift off

>> No.24297116

>>24296714


>doesnt know how to take profit and read the market

>> No.24297117

BIDEN LOST

>> No.24297127

>>24297027
https://www.youtube.com/watch?v=trinU3VD1Zo

>> No.24297135

>>24296700
your monopoly money going boom lol

>> No.24297140

THEY CAN TRANSMUTE GOLD BY NOW
It is quasi infinite for some (((people)))

>> No.24297145

>>24296803
ok pajeet buying the bottom right now a 16500

>> No.24297173

>>24296868
probably around 15-16k range buy in.

ltc can do 300. Ethereum is probably the most useful but will do like 1k to 1400 at most.

>> No.24297224

>>24296700
cucks sold

>> No.24297256 [DELETED] 
File: 29 KB, 657x527, 1605894407364.jpg [View same] [iqdb] [saucenao] [google]
24297256

>>24296717
they know they're fucked because they have been complicit in election interference, that Trump is likely going to prevail in his legal challenges and win a second term then fuck them even harder, and their little wet dream of crashing the economy with a 'great reset' while they live like technocratic oligarchs off their chinkoid memecoin faggotry and everyone else suffers financially is likely going to fail...

>> No.24297321

The same shit that happened last cycle.

The exact same fucking thing you fucking autist and you were here.
Remeber when btc was about to break the previous high only to shit the bed and crash for a month before The golden bullrun?
Imagine how big this one is going to be after this pullback son.

Moon?
We intergalactic next.

>> No.24297446

coinbase pro is down for me :(

how can crypto ever rise when this exchange fucking sucks? i hope someone kills brian armstrong

>> No.24297473

>noooo muhtrump law that means I can't evade taxes or buy drugs with crypto in the US!!
>noooo NYT is gonna publish an article about NIGGERS AT COINBASE!!

We pump on Sunday.

>> No.24297488

>>24296824
The creator of bitcoin was killed back in the early 2010’s.

>> No.24297504

you are playing the whales game. They can dump it to 1k if they want to. Remeber this.
Once the institutional money starts to sell, this bubble will pop

>> No.24297557

>>24296801
you are correct. It´s all gonna collapse soon, we´re in a huge inflated bubble. And the collapse will be bibical, biggest collapse ever. After that and bitcoin approaches zero, the good cryptos with actual usecases will start to rise again. But only after bitcoin and tether are dead

>> No.24297589

>>24296801
you're confusing BTC with XRP, banks invented RIPPLE to split the anti fiat community

>> No.24297615

>>24296714
dont hold shitcoins then you retard

>> No.24297621

>>24296850
Keep your BTC wallet in a vault. Congrats, you’ve just solved all your problems Peter.

>> No.24297651

>>24297116
You're reading the crypto market? Stfu

>> No.24297693

>>24296700
tether is mooning

>> No.24297786

I honestly think that coinbase and binance and such wants to kill Bitcoin because bitcoin is useless and they know it. If they kill bitcoin soon, they can start the proccess of rebuilding, even though it will take time and they will suffer losses.

But if they don´t kill bitcoin, it will keep holding the entire crypto market back for many years to come. They know that bitcoin is not the future, and they will instead start pumping money into alts with usecases.

>> No.24297848
File: 41 KB, 750x713, IMG_20200205_124125.jpg [View same] [iqdb] [saucenao] [google]
24297848

>gain 20% my portfolio in 2 weeks
>correction finally comes
>break slightly over even
guess this is where I buy the dip

>> No.24297875

>>24296850
good post brother

>> No.24297903

>>24296868
litecoin should be worth zero. It has no usecases and is garbage. It will got to zero in the end, screencap this. Bitcoin too

>> No.24297946

>>24297589
Yup. Xrp was their answer to btc, which is why most anons wont touch it.

>> No.24297969

>>24296714
You mean a week of gains you fucking tourist

>> No.24297973

>>24296713
how high was that? Whats the 20WMA

>> No.24297995

>>24297621
kek

>> No.24297999

>>24297786
dumbest post i've read on biz this week

>> No.24298003

>>24296700
thanks giving gains massacre.

>> No.24298024
File: 31 KB, 640x360, 7F8110E3-DA43-48AB-B20D-946777917EC8.jpg [View same] [iqdb] [saucenao] [google]
24298024

>>24297557
>the good cryptos with actual usecases will start to rise again
So none

>> No.24298038
File: 280 KB, 752x900, 1caf842-1595034.jpg [View same] [iqdb] [saucenao] [google]
24298038

IT'S FUCKING OVER BOYS

BITCOIN HAS COLLAPSED FROM 11,500 TWO MONTHS AGO TO ONLY 17,000 NOW

WE'RE TOTALLY FUCKED IT'S ALL GOING TO ZERO

>> No.24298048

Coinbase running out of liquidity so their CEO crashes the market with a rumor. They cash in, and now theres more bitcoin available for the institutions.
We were gonna correct up to -30% anyways. ATH by end of December still on, the fundaments didnt change.
If you have been in crypto for a while you wouldnt feel a thing but weak hand faggots will be weak hand faggots, good ridance.

>> No.24298053

>>24297903
litecoin isn't the worst offender. I think compared to monero it's use case is very limited, but bsv and bch are going to zero way sooner.

>> No.24298054

What was lowest btc hit today? I'm in bed depressed and just wanna know if my order filled without getting up.

>> No.24298069
File: 591 KB, 1440x1582, 1605972854661.png [View same] [iqdb] [saucenao] [google]
24298069

>>24297473

this but unironically.

The """threat""" of all US crypto wallets coming under closer scrutiny is bullish as fuck. India and China will flip their shit at the idea of all US-custody bitcoin being effectively removed from the global market.

This might be the start of something huge.

>> No.24298076

>>24296700
Institutional fags have thanksgiving holiday today.
So the leverage fags are shaking out weak hands because they can't buy with coordinated "news" drops

>> No.24298088

>>24298054
kek, it went to around 16300 on Binance

>> No.24298104

>>24298048
the fundamentals are terrible though. Bitcoin is fundamentally flawed

>> No.24298129

>>24298024
monero is backed by the darkweb so it's still going to get used. trump's regulations won't do shit to monero. glowies can tongue my anus.

>> No.24298137

>>24298104
Cash out and hold dollars then

>> No.24298163

>>24297504
>be institution
>buy at 18k
>dump to 1k

game over, retailers

>> No.24298197

>>24297589
Ripplepay was invented before Bitcoin tard

>> No.24298212

>>24298088
Shit, my order was on coinbase and it was around that level. I forgot CB is a scummy shit exchange that doesn't allow shorting so it never hits targets right.

>> No.24298229

>>24296850

the true supply of gold will never be known. it is illiquid and inefficiently transacted, thus does not connect the world like you're pretending it does after this "reset".

a known supply and infinitely more reliable and trustworthy than an unknown supply.

for gold to scale well it needs to be dealt in contracts and securities, this itself is a huge flaw as it can create fractional reserves. no "official audit" or any of the matter can solve this problem due to human nature.

>> No.24298240

Bitcoin is going back to $12.5k.
The WEF won. Sell your bags. Its over.

>> No.24298265

>>24296700
Americans woke up

>> No.24298284

>>24298240
take your meds bobby

>> No.24298292

>>24296717
The news there dropped last night.

>> No.24298323

get fucked cryptofags

>> No.24298361

>>24296700
You can't just go up indefinitely without any sense of where your support is. Too risky.

We just need some time to figure out support. I think it will be $14k.

>> No.24298365

>>24297973
bump

>> No.24298366

>>24298323
this is nothing to us
btw I also hold stocks since it's stupid to restrict your investing because of muh emotions

>> No.24298388

>>24297321
This guy is correct.
Last time is was due to news that China was going to fuck over crypto.
This time it is news that the US is going to fuck over crypto.

>> No.24298397

>>24296700
Idk but I had been setting stop losses every day for the past few weeks the whole way up and then forgot to do it yesterday because I’m home visiting family for thanksgiving and wham. Instant -20%. This market is such a fucking joke.

>> No.24298411

>>24298361
>$14k
Looks like $16k from where I'm sitting senpai.

>> No.24298555

>>24298053
>>24298129
god damn I love XMR, literally only crypto that gets used more than just speculated with

>> No.24298559
File: 358 KB, 828x708, 8D16B701-0A19-4070-8072-917E7747FF35.jpg [View same] [iqdb] [saucenao] [google]
24298559

>they didn’t sell Tuesday.


See you faggots at 12000.

>> No.24298584
File: 127 KB, 500x334, E7E4A159-6397-41A6-8F90-8E3BBB3C43C3.jpg [View same] [iqdb] [saucenao] [google]
24298584

>>24298397
>bag holding over thanksgiving
>cuz “family”

At least they love you, right?

>> No.24298590

>>24298365
Around 12k

>> No.24298596

>>24296700
If you really think etherreum isn’t going to bounce to 600$ tomorrow, you are very inexperienced

>> No.24298615
File: 77 KB, 1048x602, btc.png [View same] [iqdb] [saucenao] [google]
24298615

>panicing over this

>> No.24298642

>>24298388
All they’re doing is making it harder for you free loaders to avoid taxes
No one’s banning shit retard

>> No.24298646

>>24298596
You're joke like your ID

>> No.24298650

>>24297615
>BTC and Eth didn't crash

>> No.24298742

>>24298615
that entire parabolic move at the end will be wiped out within a week

>> No.24298861
File: 82 KB, 955x303, _383~2.jpg [View same] [iqdb] [saucenao] [google]
24298861

>There are people that sold during a black friday sale instead of accumulating

Ngmi

>> No.24298879

definitely not a haircomb thread

>> No.24298890

>>24296756
more like 5-7

>> No.24298906

>>24297786
Apology for poor english

When were you when bitcoin dies

I was sat at home drinking brain fluid when fred ring

'Bitcoin is die'

'No'

And you??????????

>> No.24298963
File: 176 KB, 539x615, 1605932105407.png [View same] [iqdb] [saucenao] [google]
24298963

>>24298742
"It's going to zero! Heh."

>> No.24299235

>>24298906
thank you, Rakesh. Very cool!

>> No.24299491

>>24298292
What news?

>> No.24299540

>>24296700
China banned ICOs

>> No.24299551

People need money for Christmas shopping

>> No.24299598

>>24299235
Holy newfaggot

>> No.24299600

>>24298615
It broke the parabola, which means it broke the trend. If there ever was a time to panic its now.

>> No.24299658

>>24298163
2017 CME flashbacks. Which is funny because as I understand it CME is closed today. Perfect cover.

>> No.24299734
File: 78 KB, 608x608, 1598388476178.jpg [View same] [iqdb] [saucenao] [google]
24299734

>>24298590
AAAAAAAAAAAAAAAHHHHHH!!! WHY ARE THEY DOING THIS? THIS WAY NORMIE MONEY WILL NEVER FLOW IN!!!!

>> No.24299839

>>24298615
That actually looks like a very good time to sell your bags and buy in at the floor.

>> No.24299961

>>24299839
Why not just short it down and long it back up on margin if you believe it will hit a floor further down?

>> No.24300189
File: 185 KB, 600x600, Defeat.png [View same] [iqdb] [saucenao] [google]
24300189

>>24298590
Please god no

>> No.24300250

WE JUST BROKE DAILY LOW

>> No.24300284
File: 11 KB, 194x260, images (1).jpg [View same] [iqdb] [saucenao] [google]
24300284

>>24296700
Hopefully link goes below 6$ I want some cheapies

>> No.24300441
File: 125 KB, 1080x2160, Screenshot_20201126-111646.png [View same] [iqdb] [saucenao] [google]
24300441

>>24297969
I lost over 10k since yesterday morning. I was about to break $50k

>> No.24300768

>>24298646
Kek

>> No.24300846

>>24296700
>strg+f
>Okex
>Results: 0
Its hilarious how people can forget that one of the biggest exchanges for degenerates and miners held its user funds hostage for 5 weeks. Imagine all the Indian village dwellers that starved and the funeral costs that have to be paid now

>> No.24300847

>>24300441
Dude what the FUCK are you holding, lmao.

This is a rhetorical question. I don't want to know anything about your shitcoins.

>> No.24301055

>>24300441
This is what you get for:
a) Buying Shitcoins
and
b) Not Taking Profits
Newfags will learn eventually

>> No.24301081

>>24297973
Really just curious how do you make educated decisions to invest when you don't have access to moving average indicators? There's only like five big coins and most movements that aren't fundamental Over All tokens usually are indicated by the behavior one or more of the tokens

>> No.24301124
File: 110 KB, 750x750, 1605977438901.jpg [View same] [iqdb] [saucenao] [google]
24301124

>>24301081
Also I'm pretty sure even the most basic investors saw this drop happening a week ago by just looking at the charts there's nothing surprising about what's happening

>> No.24301187

>>24301124
I saw it happening and im a fucking newfag

>> No.24301217

>>24301124
GIVE ME YOUR CUM, BULL

>> No.24301291

>>24296801
>>24296824
>>24296850
Stop posting, faggot.
>>24297557
Are you 12? Biggest collapse ever? You don’t know shit.

>> No.24301368
File: 30 KB, 500x564, teslaathome.png [View same] [iqdb] [saucenao] [google]
24301368

no clue where to post this so here; a dead ass format for a dumb ass meme

>> No.24301379

God I hope it crashes hard and I can buy a shitload. I'm savouring the schadenfreude generated from all the people who yet again FOMO'ed in after the price had doubled in a month. Even better, just image the fucking retards who bought in at the last peak, who mortgaged their houses, who have held on this long for their investment to finally come good...only to see it crash and burn just as they broke even

>> No.24301391

I had almost 25% of my entire portfolio wiped out in the last 24 hours.

>> No.24301560
File: 52 KB, 680x452, CE37287B-D3D1-4FA0-9A17-C5EA2C39C273.jpg [View same] [iqdb] [saucenao] [google]
24301560

Chill out everybody. People just sold off to buy Christmas and thanksgiving stuff then it triggered peoples stop loss to sell causing the current avalanche. Just relax, if possible buy the dip.

>> No.24301577

>>24301391
Kek

>> No.24301750

Dips always happen on weekends and more so on holidays. You would think people would have figured this out by now. It will be back and higher by next week.

>> No.24302146

>>24296868
Is nobody going to say anthing about this post?
New biz is fucking lost.

>> No.24302366

Bunch of weak handed fags in this thread. Listen up kiddo, I survived the great btc crash of 2018, and not once did I think of selling.

>> No.24302422

>>24297027
SEEING RED AGAIN
SEEING RED AGAIN
SEEING RED AGAIN
SEEING RED AGAAAAAAAAAAAAAAIN

>> No.24302429

>>24296714
>buy bsv
>wait 5 years
>never worry about money
You welcome

>> No.24302443

>>24301187
Go to Staples print out the Bitcoin logarithmic graph 3 foot by 5 foot tack it to your bedroom wall and everyday pencil in the price movement

>> No.24302486

>>24296768
hate this nigger like you wouldn't believe

>> No.24302545
File: 113 KB, 1024x1015, 1543015933739.jpg [View same] [iqdb] [saucenao] [google]
24302545

>>24296700
Crypto "currency" can still only be traded for actual money. That's what's happening.

>> No.24302857

>>24296868
I just bought on coinbase, you are already priced out im going to le mon xd

>> No.24302885

>>24297973
$30

>> No.24302897
File: 53 KB, 647x310, 1605972259337.png [View same] [iqdb] [saucenao] [google]
24302897

>>24302545
using the fake money I bought with real money to buy more real money than I spent to buy the fake money

>> No.24302930

>>24302857
try rape coin

>> No.24303073

>>24297321
Value predictions for this next moon?

>> No.24303090

>>24296700
Never above 19k again

>> No.24303488

>>24302897
does anyone else think twitter is just cringe as fuck people trying to be funny so hard

>> No.24303719
File: 49 KB, 600x600, 1605674365318.jpg [View same] [iqdb] [saucenao] [google]
24303719

>>24296850
Fuck your fud jewnigger not fucking selling my pee pee poo poos

>> No.24304512

>>24296713
This bit 21 ema. Literally the only one besides me who isn't fucking retarded

>> No.24304555

>>24297973
Imo it's the 21 ema and its currently at 12.5 or so

>> No.24305130
File: 205 KB, 737x430, 364.png [View same] [iqdb] [saucenao] [google]
24305130

>>24296700

oy vey, oy dump es

>> No.24305193

China's banks are defaulting on their debts. Global banking crash imminent.