/biz/ - Business & Finance

[GucciGang !M6R0eWkIpk No.25208562]

Strap in your belts boys and girls because I'm going to #ownthebitcoinmaxis in this thread, and I'm going to explain why alt season is among us soon.

The massive amount of searches for the flippening started in may 2017

[Anonymous No.25208576]

among us like the game

[GucciGang !M6R0eWkIpk No.25208583]

What caused everyone to find out about eth so suddenly? Looking at the days until the next halving it happens around the 1100th day, we are currently at the 1181th day. That would predict the flow into shitcoins would start in 80 days (~2 months)

[GucciGang !M6R0eWkIpk No.25208633]

>>25208583
But that's the stock to flow model no bitchboi cares about that right?

Well looking at the price, it was around 1500 in may 2017, was ~500 before the halving, that's a 3x increase. Also coincides with an increase of ~10,000 to ~28000 today, that's almost a 3x, that predicts it would start very soon...

[Anonymous No.25208882]

How many eth to make it

[Anonymous No.25208996]

Gucci boyz we in here just sold all my BTC for ETH

[Anonymous No.25209036]

>>25208562
>>25208633
>>25208633
It's not apart of the "bitcoin maximalist" definition that one believe that a 2017-like alt season won't happen again.

But you are just arguing that the timing will be the same this time which is rather speculative. There are already plenty of differences between this cycle and the last. Something to keep in mind for the sake of perspective at least though.

[Anonymous No.25209037]

Ey bruh wasup pass me dat join nigguh imma mfin hit dat shi ya feel me Yeee yeeee a hunnit racks on my BITCH NIGGA !!

[Anonymous No.25209082]

>>25208562
Keep me posted

[Anonymous No.25209226]

>>25208562
Alt season as in going up against the USD will happen, but the BTC dominance is still going to gradually increase to above 80%.
The big players aren't buying altcoins.
The most valuable use case for blockchain is digital gold. Everything else is just hot air right now.

[GucciGang !M6R0eWkIpk No.25209247]

>>25209036
Sure, massive government spending and stimulus does have some effect in this cycle, but imo that doesn't have much effect in whether people will buy altcoins or bitcoin.

Thinking about it, the type of crowd btc has attracted may make a difference, more retail in the last cycle as opposed to institutions this cycle, but why won't retail be attracted? More zoomers being born, more people distrusting the gov ect....

But why would they buy bitcoin? Altcoins are a much better reward/risk right now, why would they buy bitcoin when they see other shitcoins are cheap and they could afford them?

[Anonymous No.25209275]

Is someone really basing their trading patterns on the Google trends graph for "the flippening" from 2017? No, they are not. But they want you to, because they think you are a fucking idiot and they want your money.

[Anonymous No.25209295]

If link stays at 11 dollars and btc is at 50k, I will

[GucciGang !M6R0eWkIpk No.25209330]

>>25209226
soon those institutions will invest in crypto companies like three arrows capital, anderson horowitz, 1kx who are early seeds in many crypto projects.

Why wouldn't they? If bitcoins succeeds there will be a massive ecosystem around it, if it doesn't, there will be hyper locked down and kyc ALTCOINS or very privacy focused ALTCOINS.

[Anonymous No.25209355]

>>25209247
based, we rugged the boomers last time, this time we rug the zoomers

[Anonymous No.25209370]

>>25209355
Lmao it's true

[GucciGang !M6R0eWkIpk No.25209385]

>>25209275
What caused the flippening in the first place?

Don't be a brainlet bro, There must be a trigger for interest in altcoins, and I am simply trying to preduct when that trigger may occur, based on pricing and time data which is fully reasonable.

I am simply trying to understand the psychology of people interested in crypto

[Anonymous No.25209421]

>>25208562
what the fuck is so hard to understand about
>btc already 30% above previous ath
>eth still below 50% of previous ath
if you're not buying eth at this price, you're beyond saving.

[Anonymous No.25209484]

People keep pointing out how there wont be the same pattern of alt love because of institutional money but if that's the case why is this predictable pattern of stock to flow still seen? The autistic mt gox whales are still in control and so will their pattern of manipulation be seen. Get ready for a minimal 5k ETH when BTC hits 100k

[GucciGang !M6R0eWkIpk No.25209504]

>>25209421
to play the devil's advocate eth has experienced quite a bit of inflation since 2017, additionally investors may mark it down quite a bit since there is no supply cap.

None the less, I think you're pretty right

[Anonymous No.25209513]

>>25208576
how high are you

[Anonymous No.25209543]

>>25209504
Will the altcoin season be focused on DeFi? Or at least will the major gainers be DeFi?

[Anonymous No.25209655]

>>25209504
wasn't eth inflation supposed to be fixed at 4% and then reduced with PoS? desu don't know don't care i got in at $4-7 and haven't touched my position since. my price target is $5k and i'm confident we will see it within 3 years.

[Anonymous No.25209698]

>>25209247
Affordability is probably one of the better arguments yeah.. If institutional buyers continue to fixate primarily on bitcoin, it could be a matter of the institutional pump of bitcoin vs the retail pump of alts. Retail becoming much more interested is inevitable, but to what extent I dunno and the timing could be different than last time as to just mechanistically repeating the timing of the past.

I consider myself a maximalist btw, but I'm definitely going to be watching closely considering what kind of alts might are the right balance of risk and reward for 2021.. Last time I swing traded alts was in 2017, haven't been on biz much until the last couple months or I'd probably have tried again since then. Something as stupid as litecoin going nuts could happen for example, because it's "like bitcoin but cheaper". Simple shit like that could work if retail FOMOs.

And even what other people think other people will do counts for a lot, as I know from my altcoin trades in 2017. I think that's the same thing as George Soros' theory of reflexivity in markets: that investor beliefs about other investors' beliefs can create self-reinforcing feedback loops. What's the Schelling-point for "official crazy alt season" this time? I don't know. Could be when BTC has it's first crazy big correction like from 50k to 35k or something like that. New retailers might at that time be itching to get in, but be scared off by bitcoin's large dump, and so have that additional motivator to buy alts instead, and across-the-board mooning of alts could trigger a feedback loop..

Counter-argument to the last paragraph is that the whole altcoin market is more cynical and experienced than in 2017, and that could rub off on even newcomers who are just following these olderfags lead and being more skittish. In comparison I think a greater percentage of the speculators in 2017 actually believed in what they were buying, whereas now more see it as a game of musical chairs.

[Anonymous No.25209801]

>>25209513
ITS A SCAM YOU FAGGOT

[Anonymous No.25209879]

>>25209801
i am never selling. suck my wang.

[Anonymous No.25209937]

>>25209385
You're either very new or very retarded. The flippening wasn't a thing; it didn't happen. Flippening was the branding for the attack on bitcoin from the hard fork. It was bitchcoin hype and a bunch of noobs to crypto in 2017 got told they would earn bigger bucks in ALTs and that BTC was dead and it was too late to invest in BTC at $3,000. If you think $3,000 BTC is overpriced, then listen to OP. If you think $3k BTC is a good purchase then you already know that op is a tard.

[Anonymous No.25210623]

>>25208576
How 12 are you?

[Anonymous No.25210910]

>>25209355
Millenials were the jews all along

[Anonymous No.25211004]

believe it or not altseason is starting right now as we speak
buy:
>XMR
>1INCH
>XLM
>RBC

these 4 will blow up like nothing else. this is the first and last time Im posting this. do whatever you want with this information

[Anonymous No.25211409]

Problem with most of this board is they only know one fucking bull cycle and they are basing all their thinking on it. Well I've seen 3. And I can tell you now alts move with btc cycles.....every fucking time since 2010. There has never been a big rise in btc and alts have just sat there. So now some newfag who knows fuck all and I dimped on in 2017 is gonna tell me how the market cycle works. Fuck off...

[Anonymous No.25211743]

>>25208562
You can't own the maxis because we already made it before you even got there
We're watching you climb the mountain after we took the last cable car up and occasionally shitting on you from above
Smelly shits from the fine cheese and caviar