/biz/ - Business & Finance

[Anonymous No.25596975]

Holy shit that steep climb up. Where do you think the bubble will pop anons? 100k? 200K? 500k? 1M? You do know this can't go on forever, right?

[Anonymous No.25597027]

>if I post this yet another time they will surely sell!

[Anonymous No.25597028]

>>25596975
click logarithmic on tradingview

[Anonymous No.25597050]

>>25596975
>not using log chart
WEAK bait

[Anonymous No.25597079]

Roughly $250k this cycle.

[Anonymous No.25597106]

This HAS to correct, everything I've learnt over the past 3 years is currently in jeopardy

[Anonymous No.25597184]

>>25597027
>i-i-it’s gonna be d-d-different this time I s-s-swear!

[Anonymous No.25597214]

>>25597028
>tradingview
why would you use tradingview instead of binance?

[Anonymous No.25597220]

>>25597184
If you had held south sea company shares you would be worth hundreds of millions today

[Anonymous No.25597247]

>>25597106
Yep but the way things are going it’s still gonna go up. Just wonder what the targets will be tho. 100k? 200k? 500k? If it goes way too fast and waaay too steep in a short amount of time, it’s definitely also gonna come crashing down hard. Question would be when to cash out and at what price?

[Anonymous No.25597261]

>>25597214
ngmi

[Anonymous No.25597282]

>>25597220
Gonna buy the dip then. It’s a bargain!

[Anonymous No.25597285]

this time its different, unironically.

[Anonymous No.25597289]

>>25597261
binance is the best for trading cuz fees

[Anonymous No.25597308]

>>25596975
Why you squeeze the chart ? Kek you’re using half the page

[Anonymous No.25597316]

>>25597184
>fiat currency behaves like gold-backed currency
Idiot

[Anonymous No.25597331]

>>25597247
$580,000 is the target

[Anonymous No.25597344]

>>25597308
I think we know why

[Anonymous No.25597475]

>>25597331

I think that's next cycle, everyone is in hysteria

Fuck me, someone be reasonable

[Anonymous No.25597482]

>not using the REAL chart
ngmi

[Anonymous No.25597490]

>>25597316
>south sea stocks
>currency
B-b-ut it will be different this time! I swear!

[Anonymous No.25597521]

>>25596975
It's already set in stone.

[Anonymous No.25597698]

>>25597490
>unironically posting "examples" from the 1600s and 1700s
How can anyone this retarded even manage to breathe?

[Anonymous No.25597923]

zoom in

[Anonymous No.25598030]

>>25597475
Ok lol
Problem is we really don't know because it could be much harder to get to $56k and $1T marketcap than expected
We'll know by late summer roughly how high we might go eoy
If we peak in late summer at $56k ish then we'll probably top at about $165k in December
Problem is, if you really look at the last two cycles proportionately to this one, based on the cycle lows compared to previous ATH prices..
it implies a top of $386-$392k I think

I get that number mostly from the cycle lows being roughly 3X off the previous ATH
In this case, $19,600 x 3 = ~$58,000
And because the parabolic rejection or blowoff top has typically seen an ~85% correction afterward, (ranging from 75% to 90% )
Based on that 75-90% drawdown range and that $58k potential bottom I've projected, the top could really range from $232,000 to $580,000

I don't know whether that's a crazy forecast or I'm just an oldfag in disbelief

[Anonymous No.25598301]

>>25598030

With institutions holding, it's messed up everything. I really don't think we'll get the ~85% correction this time. Also, the price alone would put a lot of dumb money off this time round. I know a few in my family who have given up even bothering, due to them feeling like they've really missed the boat completely

[Anonymous No.25598337]

>>25597521
not trusting the asuka whore again, she failed me

[Anonymous No.25598704]

>>25596975
Zoom out maybe retard? You've compressed like 5 years into a tiny fraction of the screen.

[Anonymous No.25598767]

60-80k is when I’m selling

[Anonymous No.25598770]

>>25598301
Yeah this is my only concern with this cycle
On the other hand I trust in bubbles
The fomo is strong
Besides I think people will still get hyped at the thought of 5-10Xing their money when it's $100k and people will be saying "BTC to $1million eoy!" I guarantee, even though there's no way in hell we get there this year

That said, some are saying we could only see a 50-60% correction this bear market like in commodity markets

[Anonymous No.25598790]

>>25596975
It only needs to go up 35x from here to show similar gains to that candle leading into 2014. I think it will stop before $1mm though for this cycle

[Anonymous No.25598851]

Apparently, when daddy BlackRock says it's going >$160k, he probably means 120k so he can cash out at peak FOMO.

[Anonymous No.25598881]

>>25597184
>it only did a 6x and not a 10000000x
wow what a bunch of losers

[Anonymous No.25598887]

>>25598301
Just wait until bitcoin hits 500k, which easily could happen in the next 3-5 years. Then they will think, "Shit, I shouldve bought at 35k".

[Anonymous No.25598975]

>>25598767
Don't sell all. Sell at max 50%. You can't time the market. You will hate yourself if you see bitcoin climbing up to 150k this year. In 2017 also no one expected bitcoin to go that high compared to the start.

[Anonymous No.25598978]

that's a wyvern, not a dragon, jesus christ marie

[Anonymous No.25599778]

>>25598887
Could happen a lot sooner if biden starts gibbing people 2K a month.

[Anonymous No.25599839]

>>25597482
based

[Anonymous No.25599923]

$100k is the target. Dollar powers of ten are the only things that ever stop bitcoin bull runs

[Anonymous No.25600078]

>>25596975
Bubble will pop around 100K end of feb.
It will correct to 67K
You read it here first

[Anonymous No.25600201]

>>25598337
This Asuka is different.

[Anonymous No.25600323]

>>25596975
>In a 51% attack, one miner or mining group gains enough hash power to take control of 51% or more of a blockchain network to double-spend Bitcoin and block any and all transactions
bitcoin relies on the idea that computing power and the production of computing power is inherently decentralized and equal, as long as it is not equal natural monopolies will form and Bitcoin will go to zero

if someone had a machine capable of creating gold out of thin air with no cost the price of gold would go to zero in a second - even if no gold had yet been created
the gold machine is a credible threat and a credible threat of an asset being hyper inflatable or losing its ability to operate is all that is needed to render it worthless

bitcoin has had the threat of double spending and transaction blocking looming over it since inception (double spending has even happened once) and the fact that people haven't realized this credible threat yet just means that a lot of people will end up losing everything they own once the threat stops being a threat and becomes reality

[Anonymous No.25600708]

>>25596975
This is nothing. Watch API3 this month.

[Anonymous No.25600828]

Whatever giga fag keeps posting tulip mania needs to comprehend that tulips arnt a store of value or a currency

[Anonymous No.25600923]

>>25600828
Tulips can be currency just like seashells.

[Anonymous No.25601011]

>>25600323
it's old fud, but it checks out

[Anonymous No.25601050]

>>25600708
Subtle shill faggot. This is a kek or neck yourself thread.

[Anonymous No.25601125]

>>25600923
Seashells don't die you troglodyte

[Anonymous No.25601266]

>>25597698
>bubbles will be completely different this time! J-j-just watch!
Seethe more.

[Anonymous No.25601270]

>>25601125
They degrade over time just like tulips.

[Anonymous No.25601380]

>>25600323
Has there ever been doublespend that has lasted over time and confirmations?

[Anonymous No.25601389]

>>25598030
>>25598301
I'm worried we won't see a dip back to 3X ath next cycle. Also considering the time horizons of some of these insitituitions....I'm wondering about the game theory for someone like pay pal to just say, fuck it we are going to buy all the coins we will ever need in the next 4 years, then just farm money from normies trading our treasury with us. this could mean selling at even 100k means you get priced out of the buy back in.

[Anonymous No.25601402]

>>25597184

[Anonymous No.25601491]

>>25575995
>>25576687

[Anonymous No.25601495]

>>25601125
Anything can be currency. Even salt was used by the romans as currency to pay their soldiers. Found the retard “muh gold! Muh hyperinflation coz fiat” retard.

[Anonymous No.25601597]

>>25601402
Kek. No doubt it’s not gonna stop soon and im gonna ride all the way to the top but I just WHERE and WHAT amount do we cash out? 100k? 200k? 500k? 1M? Really hard to know with bitcoin.

[Anonymous No.25601925]

>>25601597
just sell 10% at every one of those targets. then buy back in with every cent and wait another 4 years to never work again.

[Anonymous No.25602111]

>>25596975
STOP USING LIGHT MODE YOU ARE KILLING YOUR FUCKING EYES

[Anonymous No.25602570]

>>25601380
bitcoin gold has been double spent multiple times
think the full sum lost is $18m
Zencash, LCC and Verge also got fucked in 51% attacks

all this means is that crypto is not a store of value because it doesn't meet the requirements
crypto can still be used to transfer an arbitrary amount of value from a to b as long as people are willing to use it