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/biz/ - Business & Finance


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25947592 No.25947592 [Reply] [Original]

If everyone is invested in bitcoin and everyone owns some, the value will drop, am I right?

>> No.25947739
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25947739

>>25947592
Not if I have anything to say about it.

P.S. good luck cashing out on this so called “bit” coin. More like bit me in the financial butt coin!

>> No.25947977

>>25947739
que?

>> No.25948226

>people want to buy a relatively finite resource
>more buyers than supply
>sellers want to make the most money as possible on their sales
Use your head, does this mean the price would go up or down?

>> No.25948231

>>25947592
I hate that that's the sentiment. If we want crypto to actually achieve mass adoption shouldn't we be able to onboard newbies without them getting dumped on? I always see more people being involved as being a good thing.

>> No.25949079

>>25948226
Make alot of good points but..
>finite
Well wouldn't wider adoption just swing this factor the other way eventually?
>>25948231
>I hate that that's the sentiment
not necessarily a sentiment, just wondering what it's going to do objectively

>> No.25949176

>>25947739
Just use a crypto card retard

>> No.25949390

>>25949176
A crypto-what?

You internet nerds use all of these silly terms but you’re living in your mother’s basement. If anyone took financial advice from you, then they’re stupid!

My advice is to cut up all of your crypto credit cards and pay cash. Give every dollar a name and do your baby steps. Have at least a thousand dollars for an emergency fund and pay off your debts smallest to largest in that order. Sell your car and drive a used rice burner which is great because you’ll eat rice and beans and never see the inside of another restaurant unless you work there. Then we’re going to save money to buy a home on a 15 year mortgage and we’re going to start investing in low froth mutual funds that my approved financial advisors will help you with.

Remember, live like no one else do that later you can live like no one else.

>> No.25949916

>>25949390
>Remember, live like no one else do that later you can live like no one else.
elaborate on this...

>> No.25950077
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25950077

>>25949916
Let’s hear a debt-free scream!

Wir Debt freeeeeaaa!

>> No.25950090
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25950090

What is this indicator called?

>> No.25950122

>>25947592
It allways crashes when the normies get involved not just bitcoin

>> No.25950253

>>25950090
fuck, its actually real

>> No.25950526
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25950526

give me your honest peak price
and your expected date of the crash
and your expected new steady-state price following the crash

I call $330k, crash first week of June, steady state $70k.

>> No.25950646

>>25947592
Fucking everything seems to go down when too many people catch wind of it

>> No.25950897

fucker don't be so stupid , normies don't have the coin to move this BTC market, hell at most the buy 600 usd and that's about it .

>> No.25950971

So 40k was the top. Unfortunately some will ride the wave but some will get fucked. Is there a get fucked index?

>> No.25951016

>>25950526
This year?

150K coinciding with end of lockdown - then a sharp institutional sell off that takes it down to 50K and a 'bitcoin killer' on the horizon.

>source my ass

>> No.25951541 [DELETED] 

>>25950526
This year.
>same source
I'm just throwing numbers out there. We've seen that more than an order-of-magnitude increase is typical, and that the change is over a matter of months. It's barely just begun, again. I figure the sooner we start talking about hundreds of k, the less disbelief we'll have when it happens, and the less likely we'll panic sell.

>>25950897
Sellers will move the market. With the hype, they'll just widen the spread and let the buyers chase them up.

>> No.25951594

>>25951016
This year.
>same source
I'm just throwing numbers out there. We've seen that more than an order-of-magnitude increase is typical, and that the change is over a matter of months. It's barely just begun, again. I figure the sooner we start talking about hundreds of k, the less disbelief we'll have when it happens, and the less likely we'll panic sell.

>>25950897
Sellers will move the market. With the hype, they'll just widen the spread and let the buyers chase them up.

>> No.25951641

>>25951594
Any favourites for alt-season? Seems like all the good coins have already mooned.

>> No.25952087

>>25949916
He typod.

It's so not do.

>> No.25952263
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25952263

>>25947592
>the value will drop

Sure. Institutions that don't like risk probably already cashed out. Some businesses like exchanges and hedge funds are fucking scams in the end and take money from fees. They don't care. Its all greed.

We could end up halving price this month. The momentum is not healthy and we are going into a shit weekend.

A giant crypto shit storm is coming.

>> No.25952466

>>25952263
says you
think more of the macro and inflation environment
covid was the best thing that could have happened for bitcoin

>> No.25952553

>>25947592
Normies still have PTSD from 20k crash. Fomo will resume after 50k with a subsequent crash at 100k

>> No.25952596

>>25951641
Not really an alt speculator. More buy and hold the mains.
I am a BCH bagholder. I think the debate will kick up again and drive up the price >$2000.

Also a FUN CHAD. Hell yeah. $0.25, maybe $1 all on hype alone. Even if it succeeds and gains popular use, I can't see a casino chip being worth more than a $1 steady state for everyday mobile gaming use. Honestly just trying to cash out my chips.

I'm still looking for an alt that's quantum resistant. That's something I'm keeping an eye out for speculation.

>> No.25952616

>>25948231
No one will dump on you if you’re not fomoing in like a retard hoping for a quick gain.

Anyone who bought in three years ago, even at the “bubble peak” of 20k is still in the green.