/biz/ - Business & Finance

[Anonymous No.30135270]

too many people look at bitcoin like a lottery ticket because at one point in history it was a lottery ticket. now it's too big to make a poorfag rich. it's probably going to get better returns than stocks (on a yearly scale, on a monthly scale you might actually be better off in SPY bc -80% bear markets).

buying bitcoin now at 50THOUSAND dollars is picking up pennies in front of a steamroller. there are still thousands of people who bought these useless numbers yet to dump. don't say you weren't warned.

[Anonymous No.30135501]

Based bobo

[Anonymous No.30135576]

>>30135270
Post short. By your logic, a put option would make a ton of sense. Prove that you are actively short or get out

[Anonymous No.30135778]

>>30135576
shorts lose all their money statistically. I'm not shorting. I'm tethering up. Bitcoin can do another 20% pump from here or whatever and then your short gets rekt. I don't know how much bitcoin is going to pump from here. Could even 2x. The only thing I know for certain is we are at euphoria and Bitcoin does -80% dumps after euphoria.

[Anonymous No.30136024]

>>30135270
Markets transforms via discovery. Better alternatives to bitcoin already exist but market cap right now is saturated in bitcoin. Eventually bitcoin will suffer a massive sell off however 100% of that sell off will not be cashed out. It will be reinvested into other top crypto projects. Poor fags picking up pennies should be researching which of these top projects will eventually be the winner(s) for market saturationi.

[Anonymous No.30136033]

>>30135270
>buying bitcoin now at 50THOUSAND dollars is picking up pennies in front of a steamroller
That's a pretty nice metaphor

[Anonymous No.30136052]

>>30135778
That’s why I said to buy puts. That way you won’t pay fees to hold open a position plus won’t get liquidated in a pump. All the on chain metrics prove you wrong but I bet you’re using that stupid meme chart so I encourage you to put your money where your mouth is

[Anonymous No.30136115]

>>30135270
BTC can't make a poorfag rich anymore but it can still make a richfag poor

[Anonymous No.30136194]

>>30135270
Institutions have barely dipped their toes in. Over the lifetime crypto is only starting to hit the institutional phase of the pump. The "crashes" and bear markets are corrections in the long term. Crypto is going to be much bigger than this

[Anonymous No.30136268]

>>30136115
It can make a poorfag rich if they short using put options

[Anonymous No.30136310]

>>30135778
>3 years of 5-10k crabbing
>now finally up 2x from ath
>its euphoria guys!!!!!!!!!!!!!!!!!!!!!!

fuck off loser

[Anonymous No.30136376]

>>30136052
>All the on chain metrics prove you wrong
What's special about those this time? I'm lowkey hoping for this cycle to end in a crash like the others so I can buy stuff for cheap since I'm new-ish to crypto but I have a feeling that this won't be a normal cycle.

[Anonymous No.30136386]

>>30136194
This. And the next decade will be the sovereign nation cycle. You already see it with Miami putting BTC on their balance sheet and Calpers buying BTC mining stocks

[Anonymous No.30136513]

>>30136376
The on chain metrics such as SOPR and exchange balances suggest we are midway through this bull cycle. On chain metrics are good predictors because you can now get estimates for how many wallets are in profit etc. the recent dip SOPR reset meaning coins were mostly flat and wallets with larger balances grew meaning whales saw that as a buying opportunity

[Anonymous No.30136527]

>>30136268
ok retard

[Anonymous No.30136558]

>>30135270
>Twitter announcing BTC investment in Q1.
> Richest man in the world attracting more plebs into the crypto game.
>City Bank considering BTC adoption among investors.
> Paypal buying Curv.
>Coinbase’s Public Listing
> Banks will be able to operate with Bitcoin and other cryptocurrencies.
>Bitcoin nears $1 trillion market cap.

GTFO bobo, we won.

[Anonymous No.30136608]

>>30136513
Thanks, I'll go read about those.

[Anonymous No.30136611]

At this point, bear spam is off topic garbage

[Anonymous No.30136743]

If every other fucking coin didn't tank or rise with BTC I would agree with you and dump it without a single look back.

[Anonymous No.30136777]

>>30136558
>tether ramping up their fake money production
This is the only thing that worries me.

[Anonymous No.30136793]

>>30136558
thats not his point dumbass, there was a time you could put 100$ in bitcoin and be a multimillionaire in a few years. That is never happening again. People are priced out of the gains.

[Anonymous No.30136827]

>>30136052
On dydx you earn money by holding a perpetual short (well that is 98% of time since it's longed more of the time)

[Anonymous No.30136833]

>>30136527
If you believe BTC will crash then you can short to get rich. If you think it hit it’s price targets then you can buy and still 5x your money this cycle poorfag

[Anonymous No.30136945]

>>30136827
Either way I want bears to actively short. Their level of analysis right now is the market cycle chart yet three won’t even look at google trends to confirm / deny that belief. So the quicker they short and stop boboposting, the better content we can have on this board

[Anonymous No.30136946]

>>30136793
cope nigger. there's still money to be made

[Anonymous No.30136977]

>>30135270
Its the safest 20x in the world

[Anonymous No.30137007]

>>30135576
>>30136052
Most dumb cunts who trade crypto don't actually know what puts are. I bought puts right at the peak. Currently riding it down because it expires months away. Probably should have sold it and bought back a few days ago but oh well.

[Anonymous No.30137087]

>>30136793
BTC will easily 5x this cycle and next cycle it will get into 7 figs

[Anonymous No.30137160]

>>30137087
Delusional

[Anonymous No.30137164]

>>30137007
Smart move anon

[Anonymous No.30137235]

>>30136793
bitcoin could hit 1 million in 10 years.
that's a 20x and I feel much safer with it than any shit coin you boys shill.

[Anonymous No.30137237]

>>30136558
these are all bearish retard

if all these guys already fomoed in, who else is left to FOMO and bring the price up even more?

[Anonymous No.30137267]

>>30137087
>5x is close to 1000000x

fucking retads

[Anonymous No.30137365]

>>30137160
>BTC market cap is ~$1T
>global stocks market cap is $100T
>global bond market cap is $100T
You’re delusional Bobo but thanks for confirming my thesis that we are relatively early-mid cycle

[Anonymous No.30137371]

>>30136793
Yeah, instead you have to put it into some mid mcap alt coin

[Anonymous No.30137384]

>>30137235
Orrrrr you just dont know how to look for valuble projects Cough Omi.. Cough COTI wew excuse me

[Anonymous No.30137462]

>>30137365
Im not a bobo just alt investor. BTC is pointless at this point enjoy your 2x ill enjoy my 100x this year

[Anonymous No.30137485]

>>30137237
Every company will hold BTC or BTC etf
Every asset manager will want a 1% allocation at minimum
Every government will start to seriously consider it, especially non-US and non-China who don’t want to lose purchasing power because of money printing policies

[Anonymous No.30137539]

>>30135270
>now it's too big to make a poorfag rich
Not if you bought early like a smart person

[Anonymous No.30137560]

>>30137462
Sure sure and when you have your 2x gains but realize that your coin is at an all time low in sats then come back and learn to hodl

[Anonymous No.30137678]

>>30137485
>don’t want to lose purchasing power because of money printing policies
>buys the top of an asset known for dumping -80%
kek

[Anonymous No.30137722]

>>30137560
Ok retard check OMI price in 8 months time then you will remember me :) Ill do the same to BTC

[Anonymous No.30138367]

>>30137235
>bitcoin could hit 1 million in 4 years.

ftfy

[Anonymous No.30139521]

>>30136611
kys id