/biz/ - Business & Finance

[Anonymous No.4787339]

this market gonna crash soon right?

[Anonymous No.4787366]

I hope so. I only started two weeks ago and only put a grand into it.
I still have plenty of funds to put into this when the crash happens
fuck early crypto nerds

[Anonymous No.4787372]

things don't crash after just waking up.

it's nature.

except ARKies.. that's some abnormal incest shit. NEETs sucking on teets

[Anonymous No.4787376]

don't know, given up hope on a crash. I tethered most of my shit and yet everything is just green. i want to kill myself.

[Anonymous No.4787393]

There won't be a crash in a few months at least. Bitcoin futures are coming in a few days which means an influx of billions of dollars.

[Anonymous No.4787410]

>>4787376
time in the market beats timing the market
patience it's about to hit the fan

[Anonymous No.4787550]

April.

[Anonymous No.4787561]

Can't wait for the next bear market to load up my bags.

[Anonymous No.4787572]

No this is the start of the tour

[Anonymous No.4787712]

>>4787410
>he says bitcoin crashes every 4 years
>its not even 8 years old
wow, amazing pattern prediction. he took a single instance of somethign happening and turned it into a pattern. he says even the actual stock market does this, but when i look, it actually just corrects itself a bit every 5.3 years, not a crash every 4

so basically this sounds like a clever fud, and plays into our fears. but there's not much meat to the logic. it's a total guess but he's calling it like the hand of fate itself jacks him off and he has all the answers.

whatever, you got stuck in a crash, you got bitcoin ptsd and now everything looks like a crash. now you're too scared to play and you unleash the bitter nocoiner fomo rage on /biz/ to feel better. you want a crash because you want others to feel your pain.

[Anonymous No.4787764]

>>4787712
I think me means the principle is the same for the stock market, not the exact numbers
>it actually just corrects itself a bit every 5.3 years
it's 10 years ago almost to the day did you know that?
funny how 4chan is all about the jew but when the jewing is right around the corner we all close our eyes

[Anonymous No.4787777]

>>4787712
he said the halvening happens every 4 years, you know what the fucking halvening is... right anons?

[Anonymous No.4787857]

>>4787777
how can you say something that happened once happens every 4 years?

there are bear market cycles every 4-5 years on the stock market. there are bear market cycles every day on bitcoin. it's similar but its not the same thing, bitcoin has its own thing going on, it's more unpredictable then the already unpredictable stock market.

basically nobody knows whats going to happen. it's all speculation and there are no hard rules. especially not a hard rule of a halfening every 4 years when its onyl happened once and the regualr stock market doesnt even do this.

[Anonymous No.4787909]

>>4787857
Because it is literally designed that way

http://www.bitcoinblockhalf.com

how new are you kiddo

[Anonymous No.4787931]

>>4787410
I am with you. Time beats timing the market.

However, the problem with these "predictions" is that no situation is EVER the same. Nothing will ever be the same, especially not in financial sectors when people try to predict it. When monkeys see and monkeys do it is also something for other people to recognize as a pattern and they try to take advantage. Basically it is 5D-chess.

You have to distinguish situations and judge every moment from a new perspective. Just because something crashed 3 times at event x it doesn't mean it will again for a 4th time. Why? Because the tiniest random factors change a situation. I literally missed out so many times in the last weeks by "predicting" a pattern. Random coin spiked and dropped every time for the same amount. Was always nice profit, but I didn't take it. Then when I finally try to flip and sell, it never retraces and I miss out.

The big factor at the moment that changes EVERYTHING is endless normie money flowing in because the things went literally mainstream. 4 years ago nobody even thought about investing in some digital online money.

But I am also fearful when everybody is greedy. I will buy when others are fearful again.

[Anonymous No.4787961]

> June
It's going to crash soon right?
> July
It's going to crash soon right?
> August
It's going to crash soon right?
> September
It's going to crash soon right?
> October
It's going to crash soon right?
> November
It's going to crash soon right?
> December
It's going to crash soon right?

[Anonymous No.4788020]

>>4787909
according to this we are 917 days away from the day when bitcoin value gets halved
>The Bitcoin block mining reward halves every 210,000 blocks, the coin reward will decrease from 12.5 to 6.25 coins.

OH MINING REWARDS i thought he was talking about bitcoin crashing down to half its value every 4 years. but he's just talking about mining rewards? i don't know anything about that. i'll start looking into it within 900 days

[Anonymous No.4788050]

>>4787339

Keep in mind crypto is something completely new.

It's not a traditional bubble.

[Anonymous No.4788096]

>>4787550
December too

Tax refunds and corporate bonuses cause Normies to buy and inflate prices when?

[Anonymous No.4788099]

>>4788020
supply and demand, basic economics
when the mining reward halves
the supply halves
with equal demand this drives the price up
this causes a speculative bubble

[Anonymous No.4788119]

>>4788096
around 4 months ago

[Anonymous No.4788122]

how long do fucking withdrawals on bitfinex take???
I sent 40 IOTA from one bitfinex acc to another and it's 16 hours already and still processing (can cancel the transaction on the 1st acc and I get them back instanteniously)

[Anonymous No.4788185]

>>4788099
ok so, expect a bubble in 900 days. probably buy the dip in july when the bubble corrects itself. thanks for the early warning. usually i find out about something after its happened. i'll probably forget this conversation and get stuck in the bubble anyways, but whatever

[Anonymous No.4788233]

>>4788185
well, expect a bubble right now
and another one in exactly 4 years

[Anonymous No.4788501]

>>4788233
but the mining rewards being cut in half doesn't happen every 4 years and its not happening now
2020
http://www.bitcoinblockhalf.com

[Anonymous No.4788539]

>>4788501
it just happened dingus
and yes it DOES happen every 4 years

[Anonymous No.4788604]

>>4788501
the exact moment

guess when it halved the time before that?
juli 2012
guess when the next speculative bubble popped? end of 2013

[Anonymous No.4788610]

>>4788099
It's not really the supply that halves so much as the inflation rate, if you don't account for fees miner revenue halves too but obviously fees are pretty high right now

[Anonymous No.4788616]

Here's why OP is wrong: black swan theory.

The reason rational people continually get JUST'd is because they always process reality as a pattern. It's the same reason so many people with IQ of 110 get sucked into TA while people with IQ of 90 just HODL some shit because they like the logo and moon.

In essence OP doesn't realise is that delusion affects the rational MORE than the irrational, that ultimately he believed bitcoin was going to 100x back when it was 30 dollars then it crashed, now he has a cognitive bias and thinks it will again because 'history', the fact that he says 'this time I will watch from the sidelines' is PRECISELY what makes this time different, failed to anticipate the crash, and now he's failing to anticipate the mooning (BTC hasn't mooned until it hits 1TN market cap).

See here for more:

https://en.wikipedia.org/wiki/Black_swan_theory

tl;dr there's a reason they say 'always do the opposite of what /biz/ says', and right now most of /biz/ is anticipating a crash. "The market can stay irrational longer than you can stay solvent" -Keynes

[Anonymous No.4788696]

>>4788616
>Monty Python denial

[Anonymous No.4788726]

I overheard 3(!) normie colleagues talk about altcoins today, in separate conversations. The bubble's popping soon man

[Anonymous No.4788735]

>>4788616

This was actually meant in response to >>4787410

Also to >>4787931 I say this: I agree that when the market is greedy then it's time to get out, but you have to understand who 'the market' is in question, we aren't targeting civilians anymore, the civilians got greedy when MtGox happened, the real next push for BTC will be large scale bank adoption, now ask yourself: do most banks seem fearful/against BTC or recklessly investing in BTC? A simple look at the marketcap suggests less than 0.1% of bank money is invested in BTC right now. The next bubble crash will happen when bitcoins are treated as 'safe' an investment as real estate in 2007. When you walk into a bank and the bank teller tries to CONVINCE you to put money into BTC, when the secretary of the treasury of the US proposes a budgetary plan to hold a BTC. Impossible to imagine now, but so were smartphones in 1998, so was 10K BTC, etc etc. No man can stand against the winds of change.

[Anonymous No.4788759]

>>4788616

This is exactly why nolinkies are going to get btfo

[Anonymous No.4788767]

>>4788696
>Monty Python denial
* Listen for the Monty Python denial. There's a great scene in the hilarious movie "Monty Python's Life of Brian" when villagers surround the everyman/protagonist Brian and insist that he's a prophet, because "only a true prophet would deny he's a prophet."

In other words, when the majority of pundits insist that "this time is different," or we're in a "new economy," that's when you should be most cautious and reduce your stock positions.

[Anonymous No.4788886]

>>4788767

Right, so you agree with me right? Because most pundits right now are saying bitcoin WILL crash.

[Anonymous No.4788914]

>>4788886
Based on the institutions or the normie? The normie isn't going to crash it, they don't know how

[Anonymous No.4788928]

>>4788886
no, what I see is most people on /biz/ right now think it's going to 100,000 over night

[Anonymous No.4789019]

>>4788928
most of /biz are newcoiners now, it got really noticeable around may, we had a couple bloodbaths but relatively short lived and even more quickly forgotten with the moons that followed..

I don't know what happens if we get one of those with the normies in, but I don't even see how we would, they're completely oblivious to anything except buying and driving the price up and there is basically an unlimited supply of them

[Anonymous No.4789022]

>>4788928

We must be looking at different /biz/, I genuine see a 10:1 ratio of 'its gonna crash'.

[Anonymous No.4789084]

>>4789019
yeah it was totally not like that when bitcoin broke $1,000. come on man listen to yourself
if you think 10k is a bigger barrier than 1k and there were no massive amounts of normies moving in back then, well I'm sorry I was there when it hit my local newsstation that bitcoin broke 1k.
I did a little dance in front of my parents that "we had made it"

[Anonymous No.4789817]

>>4789022
it's went up almost $4k in ten days.

maybe its just biz

[Anonymous No.4789912]

>>4788099
priced in

[Anonymous No.4789989]

its gonna go poof and you'll all cry, at least dont end your life when it happens

[Anonymous No.4790108]

>>4788050

The idiots think this is tullip mania where you have to walk over to your cuck bank and buy a paper that says you own a tullip.

EVERY
PERSON
ON
EARTH
WITH
A
SMART
PHONE
WILL
BUY
CRYPTO

let's say for 100$?

Yeah. Do the math.

[Anonymous No.4790127]

>>4790108
thats why the mania is so big...

[Anonymous No.4790153]

early adopter

[Anonymous No.4790185]

>>4787339
It’s not a crash, it’s a recession :^)

[Anonymous No.4790338]

>>4787712
>>4787857
>we're taking crypto advice from kiddos who have never heard of the halvening
The absolute state of /biz/

[Anonymous No.4790658]

>>4788735
>The next bubble crash will happen when bitcoins are treated as 'safe' an investment as real estate in 2007
pm this

[Anonymous No.4790693]

>>4790153
more like early sucker