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/biz/ - Business & Finance

File: 38 KB, 1223x638, Bitcoin-Rainbow-Chart-1.png [View same] [iqdb] [saucenao] [google]

Anonymous Mon Feb 22 22:04:48 2021 No.29437019 [Reply] [Original]

How devastatingly bearish would it be for BTC if this chart got irrevocably btfo'd in the coming weeks?

>>	Anonymous Mon Feb 22 22:24:33 2021 No.29438294 >>29437019 20% of the dollars in existence have been printed in 2020, another stimulus package coming. And you doubt between FIAT and a deflationary coin. NGMI Fren.

>>	Anonymous Mon Feb 22 22:39:37 2021 No.29439165 >>29437019 it goes up I buy, it goes down I buy more simple as

>>	Anonymous Mon Feb 22 22:40:05 2021 No.29439195 why are you posting something that's like a year out of date

>>	Anonymous Mon Feb 22 22:42:10 2021 No.29439331 >>29437019 Update your chart, faggy boi.

>>	Anonymous Mon Feb 22 22:54:53 2021 No.29440109 >>29437019 if you think bitcoin is going below 10k you are retarded

>>	Anonymous Mon Feb 22 22:55:01 2021 No.29440118 https://www.blockchaincenter.net/bitcoin-rainbow-chart/?

>>	Anonymous Mon Feb 22 22:57:31 2021 No.29440269 It won't, because people will buy more if it does.

>>	Anonymous Mon Feb 22 22:57:47 2021 No.29440289 >>29438294 50% of dollars in the USA actually, the money supply was doubled in 2020

>>	Anonymous Mon Feb 22 22:59:49 2021 No.29440423 File: 510 KB, 2208x914, CF9221F5-A715-4593-9E38-E143323CEE49.jpg [View same] [iqdb] [saucenao] [google] >>29437019 USD.... USD...... WHAT R U DOING??????? AAAAAAAAAAAAAAAAAAAAAAAAAAAAAA UH OHHHH, STINKY. USD = MONOPOLY MONEY. 1$ = 0$ EOY

>>	Anonymous Mon Feb 22 23:02:11 2021 No.29440573 >>29437019 how the fuck are you going to pretend like thats the current chart?!

>>	Anonymous Mon Feb 22 23:02:13 2021 No.29440578 >>29440423 Buy the dip

>>	Anonymous Mon Feb 22 23:02:16 2021 No.29440581 File: 80 KB, 1216x664, btc-chart.png [View same] [iqdb] [saucenao] [google] what if you posted the actual chart?

>>	Anonymous Mon Feb 22 23:04:00 2021 No.29440702 >>29440289 Looking forward to buying a child in Weimar-America as my cup bearer. (That's a joke. Don't party-van me, feds).

>>	Anonymous Mon Feb 22 23:04:11 2021 No.29440711 File: 401 KB, 1242x2688, B7C56606-ADD2-4FC3-A8BE-9CA32D980EF7.png [View same] [iqdb] [saucenao] [google] We need these corrections otherwise we’ll get a sub 100k bitcoin top. Need more time and less velocity

>>	Anonymous Mon Feb 22 23:05:56 2021 No.29440821 >>29440711 This, we may be going too fast.

>>	Anonymous Mon Feb 22 23:10:05 2021 No.29441041 >>29440821 I’d love a yearlong slow climb to 100k+ the market would be worth so much money

>>	Anonymous Mon Feb 22 23:30:15 2021 No.29442235 >>29441041 This. Give them time to spread those bitcoin profits around. Good opportunity for short term trading.

>>	Anonymous Mon Feb 22 23:35:39 2021 No.29442530 >>29438294 55% of dollars

Anonymous Mon Feb 22 23:36:29 2021 No.29442564

the rainbow chart seemed great to me when i first found it but then i read more and it's apparently a linear regression fit after the 2018 crash? so it's really just a model built on two bull markets, one of which doesn't even fit in the rainbow. i'm not saying there's some truth to a gradual increase in btc's price due to halving, but this is a classic example of overfitting. bull market could be over here or it could run to 250k, truly no one knows

>>	Anonymous Mon Feb 22 23:39:22 2021 No.29442693 >>29440711 Good take >>29442564 Cautious take but I like it.

Anonymous Mon Feb 22 23:49:22 2021 No.29443207
File: 171 KB, 493x750, 1574088593770.jpg [View same] [iqdb] [saucenao] [google]

>>29442564
It's not over. Near the peak of the last bullrun I was cashing out at an ATM and random normies were hovering around fumbling their wallets, nervously watching me take out cash instead of trying to shovel it in. The FOMO is truly going to start once we start rising again and pass 60K.

>>	Anonymous Mon Feb 22 23:49:56 2021 No.29443225 >>29440711 ive been saying this im glad its crashing. then again i hold ftm so all i did was get green dildos all day

>>	Anonymous Mon Feb 22 23:51:00 2021 No.29443290 Would be very bearish,like insanely

>>	Anonymous Mon Feb 22 23:58:09 2021 No.29443672 >>29440711 yea well, if tesla hadn't fucked us over we would've had a more normal rise past 50k. now we're going to see even steeper drops because of the amount of retards that fomo'd in because their autist twitter idol changed his bio

>>	Anonymous Tue Feb 23 00:03:54 2021 No.29443997 >>29438294 bitcoin is inflationary

>>	Anonymous Tue Feb 23 00:07:51 2021 No.29444218 >>29443997 Are you a nigger?

>>	Anonymous Tue Feb 23 00:08:21 2021 No.29444256 >>29444218 900 new btc created each day cope

>>	Anonymous Tue Feb 23 00:10:19 2021 No.29444375 >>29437019 I think you don't understand the point of the rainbow chart, it's a meme nub. The original one has us above $1MM by now

>>	Anonymous Tue Feb 23 00:13:14 2021 No.29444558 The dumb thing about log scale is that going back to $5k would be "just a little dip" and still wouldn't invalidate the "maximum bubble territory"

>>	Anonymous Tue Feb 23 00:13:23 2021 No.29444565 >>29437019 Imagine posting a chart from 2020 cunt

Anonymous Tue Feb 23 00:14:28 2021 No.29444645

>>29444256
Babbys first bull run

>MicroStrategy completing yet another convertible note issuance for a total of $1.05 Billion. These funds are to be used for the explicit purpose of acquiring additional BTC for the company balance sheet

>over the past week, Grayscale products have taken in a total supply of 1,640 BTC (~$95M) and 27,480 ETH (~$53M).

>>	Anonymous Tue Feb 23 00:14:28 2021 No.29444646 >>29437019 The rainbow keeps getting flatter and flatter it's so stupid a rainbow is supposed to be curved

>>	Anonymous Tue Feb 23 00:15:05 2021 No.29444686 >>29444256 The supply is asymptotic and scarcity increases as a result of locked wallets

>>	Anonymous Tue Feb 23 00:17:00 2021 No.29444799 >>29444256 So that's $45 million worth of BTC created every day, vs $9 billion of actual USD printed every day by the federal reserve.

>>	Anonymous Tue Feb 23 00:18:13 2021 No.29444878 >>29437019 i really hope it happens, im tired of being priced out

>>	Anonymous Tue Feb 23 00:18:23 2021 No.29444886 >>29444799 except btc is a worthless unbacked ponzi scheme token while dollars are backed by the american economy if you make a profit on btc someone loses the same amount

>>	Anonymous Tue Feb 23 00:19:32 2021 No.29444957 >>29441041 But then won't the crash be equally as devastating?

>>	Anonymous Tue Feb 23 00:21:31 2021 No.29445088 >>29444957 Yes but it will be easier to time because the whole thing will play out slower. Fast up, fast down.

>>	Anonymous Tue Feb 23 00:21:31 2021 No.29445089 File: 248 KB, 1555x811, hrddfshfhdafad.png [View same] [iqdb] [saucenao] [google] did i call that top or what, god damn. run from 3122 to 58354 = 1769%

>>	Anonymous Tue Feb 23 00:22:12 2021 No.29445129 >>29445089 Why does history rhyme so well?

>>	Anonymous Tue Feb 23 00:23:11 2021 No.29445199 >>29445089 how low is it going, nigger. i want to time this dip perfectly and buy in

>>	Anonymous Tue Feb 23 00:26:10 2021 No.29445381 >>29445199 42k then 85k

>>	Anonymous Tue Feb 23 00:28:07 2021 No.29445524 File: 72 KB, 400x400, 123411324.png [View same] [iqdb] [saucenao] [google] >>29440702 > That's a joke. Don't party-van me, feds).

>>	Anonymous Tue Feb 23 00:29:46 2021 No.29445649 >>29440711 Based fire sale ID poster

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