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/biz/ - Business & Finance

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3844482 No.3844482 [Reply] [Original]

Please debunk this /biz/

>> No.3844489

50% happens all the time old man

>> No.3844497
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3844497

>>3844482

>> No.3844510

damn that sounds about right. after oct 26 it will crash to$ 3800

>> No.3844523

>>3844510
pls no thats my birthday

>> No.3844526

Same thing happens in many global markets. Markets have "memories" which can span into the years, in terms of watching out for levels of support/resistance.

Humans inherently look for reference points in what we do, which is why things like support/resistance/moving averages work.

>> No.3844553

Screw the old man on twitter. He can't predict the future

>> No.3844554

>>3844523
Best birthday present ever, cheap btc

>> No.3844556

>>3844526
It's another question, entirely, what causes market movements, in the first place, though. But nothing ever falls or goes up forever, and these points act to serve as references of "lines in the sand", where bulls or bears will make their stand.

>> No.3844580

>>3844482
Clif High also predicted $6800

>> No.3844595

>>3844482
50% my ass.

Try 80% OP.

No reason not to ride till 10k.
Only valid reason to not ride btc to 10k is because you should ride ltc to 300

>> No.3844638

>>3844595
I think Goldman will turn out to be right on its $2200 prediction.

>> No.3844725

>>3844556
>nothing ever falls or goes up forever

Not entirely true. Economies can scale exponentially because our technology is improving exponentially. Meaning we produce wealth exponentially. As long as we have improving technology the economy as whole will only go up.

>> No.3844750

>>3844638
Goldman and other bankers will turn out to be right in any prediction they want, because they have enough money to short\long-squeeze everyone else in the market and have enough influence in media to create fud\fomo at the right moments

>> No.3844759

>>3844638
anon, serious question
you never read the goldman sachs TA, so why are you writing stuff like this? are you only playing with like 10$ or something?
goldman said 2200 only IF btc went under 2900, which would signal a top in place
it's been invalidated and they've already changed their prediction like a month ago
so why are you still talking about 2200$? like, this is actual money so why are you just reading headlines and not actually reading deeper? wtf is wrong with you?

>> No.3844777

>>3844759
Goldman sachs also made their analysis under pretext of bitcoin being an asset instead of a currency. Potentially invalidating their conclusions anyway.

>> No.3844799

>>3844725
That's totally true, but there tend to always be bumps along the way, which can cause pull-backs. Recessions will always happen, over-profit taking/not enough buying, geopolitical events, all these things can serve to cause disruption. It's very hard for any market to continue in the same direction, uninterrupted.