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/biz/ - Business & Finance

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25955939 No.25955939 [Reply] [Original]

Why is bitcoin price increasing this rapidly?

Does this usually indicate a crash soon because it's a bubble? How high is it going to get before crashing? What will it crash to?

I've been reading stuff on this board and everything seems contradictory. I sold my bitcoin at the other crash because it seemed like it was going to get lower then it bounced back and is going even higher rapidly.

Should I buy back in now, or wait for it to crash?.

>> No.25955987

>>25955939
>BTC
>Why is BTC price increasing this rapidly?
ftfy

>> No.25956340

>>25955939
because we are in bullrun and bullrun happens every 4 years. GET IN OR STAY POOR

>> No.25956355

>>25955939
forty thousand united states dollars for a bitcoin

>> No.25956379

>>25955939
There is no supply left

>> No.25956381

>>25955939
and we are aiming at $200k eoy

>> No.25956413

>>25955939
How the fuck do you think it went from ZERO to over 30,000 dollars to begin with? It had to go up fast and continue to do so over time and ultimately sustain ATHs.

>> No.25956439

>>25955987
Cringe. There's only one bitcoin

>> No.25956444
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25956444

>>25955939
>I sold my bitcoin at the other crash because it seemed like it was going to get lower then it bounced back and is going even higher rapidly.
>Should I buy back in now, or wait for it to crash?.
Classic biz, buy high sell low
Weak hands and swingers get the rope
Now that supply of finished, price will increase until some weak hands sell, it get instantly bought and we keep going up

>> No.25956473

>>25955939
because of excessive government printing. Since stock market is overbought af people who have enough to invest in real state do that, but for anyone with less than half a mil at least to buy investment houses, BTC is the best thing and will remain so

>> No.25956491
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25956491

>Buying into a volatile market

>> No.25956495
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25956495

>>25956444
based trips redpill post

>> No.25956511

>>25955939
>I sold my bitcoin at the other crash
>Should I buy back in now
Sell low, buy high

>> No.25956605

>>25956511
What is high?
bobo dont hurt me,
dont hurt me, no more

What is low,
Oh pepe dont hurt me
Dont hurt me, no more

>> No.25957015

>>25955939
>Does this usually indicate a crash soon because it's a bubble?
Yes. Very rapid increases in a short amount of time tend to reflect what Greenspan referred to as "irrational exuberance."
Most people are investing out of hype instead of from a conservative / realistic evaluation on its future.
For Bitcoin to do what people are imaging it will do it would effectively have to kill gold and take over its entire 6000+ year market.

>> No.25957818

>>25955939
Its because America is in the shitter

>> No.25957907

>>25957015
>For Bitcoin to do what people are imaging it will do it would effectively have to kill gold and take over its entire 6000+ year market.
Not improbable

>> No.25957958

>>25955939
>bubble
Favorite buzzword of any poorfag brainlet

>> No.25958019
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25958019

>>25955939
>videocards cost 1k+
>Biden will inflate dollar like it's Russia in 97
>upcoming 60% capital gains tax
>possibility of wealth tax
Bitcoin will cost a million in your lifetime

>> No.25958266

>>25958019
Anon, with leftist government you can expect a loaf of bread to cost a million.
How much gold could I buy with 1 BTC?

>> No.25958309

>>25956381
>200k
FUD