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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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25179623 No.25179623 [Reply] [Original]

Can someone explain why btc keeps going up and for how long will it keep going? what happened that made it pump this hard? I didn't hear anything special in then news. i can't sleep because i sold 6 btc at 19.4k thinking it was the top and i just want to gun myself

>> No.25179652

>>25179623
You only lost 25%, get back in and hold for a few years.

>> No.25179675

it's about to dump. it never goes too far above the S2F meme line

>> No.25179743

>>25179623

DYOR faggot

>> No.25179776

>>25179652
what if we are close to the top? it can't keep going up forever right?

>> No.25179781

>>25179675
The line is at 29k

>> No.25179800

>>25179776
Dude the FED is dumping fiat at unprecedented levels because of the wuhan flu. This won't be pretty.

>> No.25179816

>>25179800
chek,
i wish i was smart enough to tell if usd was dumping or if btw was pumping

>> No.25179823

>>25179623
Get back in and hold. When it’s a bull market you just hold instead of larping as mommies little wolf of Wall Street.

>> No.25179866

Why should it dump if it goes up 80% in FUCKING TWO MONTHS YOU FUCKING DUMP NIGGER RETARDSSSSS AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA BOGDANOFFF DUUMMMMMPP THIS SHITTTT AAAAAAAAAAAAAAAAAAAA

>> No.25179870

>>25179776
New bottom could be 20k, 25k, higher than that. No one has any idea.
Basically enough big institutions caught on to its actual use case as a store of value and cheap way to make huge transactions, superior to wiring. This means more and more big money will be coming in.
But anyway regardless of what anyone tells you, no one has any idea of what it will do. Past performance is not an indicator of future performance and crypto is not like any other type of investment.

>> No.25179887

>>25179623
selling at 19.4k was like seling at $1200 in 2017.
Ask yourself if it's worht buying back

>> No.25179905
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25179905

>>25179675
can i get a qrd

>> No.25179932
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25179932

BTC is the rarest asset on earth, and mountains of new fiat is being created every second. Why do you think it's pumping Anon?

>> No.25179959 [DELETED] 

OOOOOOOOOOOOOOOOOOOOOOO
BTC IS GOING TO THE BOTTOM BUT I HAVE ALREADY ADDED BASE TOKENS
TIME TO GREAT PUMP
/BIZ/ IS FIRED, NEW DADDY IS HEEERE

>> No.25179963

>>25179623
BTC is not pumping, fiat is just losing purchasing power.

>> No.25179974

>>25179905
nvm just dmor

>> No.25179977

>>25179623
I felt the same way in 2016/17. You need to start buying small amounts every day or every week so you don't FOMO at 100k.

>> No.25180022
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25180022

>>25179623
>what happened that made it pump this hard? I didn't hear anything special in then news.
You heard of the coronavirus and inflation? Fiat as we know it will die, maybe it will happen in 10, maybe in 40 years but it will end. Krypto is the future

>> No.25180101

>>25179977
This, I put 10% of my pay check into BTC as soon as it hits my bank account.

I treat my bitcoin wallet as a savings account.

>> No.25180107

>>25180022
>deflationary
>slow
>high fees
Cope faggot, the only reason we are in crypto is to cash out in fiat and stop slaving away. If you are in for the tech, kys, as its the worst tech ever invented

>> No.25180142

>>25179623
>Can someone explain why btc keeps going up
its btc
>and for how long will it keep going?
forever

>> No.25180160

>>25179623
it's all to pull in as many gullibles as possible for the upcoming rugpull in January

>> No.25180171

>>25179623
>he sold pretty much right at the prior ATH

go look at 2017 and see how that worked out LMAO

>> No.25180173

>>25180107
If I cash out, it will be to cash out in gold, not fiat.

>> No.25180200

>>25180160
You think this will repeat 2017?

>> No.25180211

>>25180160
There are no rug pulls in BTC.

>> No.25180212

this fake pandemic has exposed all national fiat currency to be infinite supply shitcoins, and there is no more pretending

all reasonable and capable human beings have fled into assets, because assets are not infinite

there is no reason to hold infinite supply national fiat shitcoin, unless it is to immediately spend it on something

>> No.25180227

>>25179675
See and cry.
>>25179781

>> No.25180345

>>25180200
No, the reason? I'll give you two:

1. Scarcity, big players want in but not enough supply of BTC to be bought.

2. No solution for inflation or even hyperinflation for the next year make big companies to search for a safe haven, previously it was gold now it's BTC.

>> No.25180390

>>25179800
This. How are there so many threads asking why everything is pumping? This is the answer to 60% of posts on /biz/ right now.

>> No.25180417

this is so insane guys, glad we can ride together!

>> No.25180485

>>25179623

you have big players dumping big stacks of fiat into btc and you ask why it goes up....jeez i wonder.

>> No.25180627

>>25180390
>he thought /biz/ knew anything about investing

>> No.25180652

>>25180485
300k by eoy 2021.

They might dump it a few times to shake out the weak hands.

>> No.25180702

Amerinigger kike banks pour their fake FED dollars into shitcoin. This can only end with tens of millions of amerishits starving in the streets.

>> No.25180741
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25180741

>>25180485
>institutions are accumulating

>> No.25180821

>>25179623
Traditionally volume in the markets declines over Christmas and prices rise. Combine that with the increase in crypto market consolidation into the relative safety of btc vs shitcoins you get an upward trajectory. It is impressive.

>> No.25180874

>>25179623
research the stock to flow chart.... that is why the big institutions are in btc, they wouldnt be here if they didnt get sold off on the stock to flow chart... of which by the way they will be holding to 2030 to the end of the stock to flow chart which states 1 single bitcoin will be worth 10 million.... yes....