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/biz/ - Business & Finance

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49333492 No.49333492 [Reply] [Original]

We had no blow off top this bullrun. Why?

>> No.49333514

>>49333492
we did you fucking greedy nigger
tell me 3k to 69k is no blow off top
greedy fucking bastard anime faggot nigger

>> No.49333576

>>49333492
BTC didn't coz professional traders have entered the market.

Rest of the market did, coz the usual noobs traded shitcoins, metaverse land and NFTs etc.

>> No.49333577

>>49333514
We spent weeks or even months in the 59~63k range, a brief 69k isn't a blow off top.

>> No.49333598
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49333598

>>49333492
Because BTC's log curve is curved.

>> No.49333603

>>49333492
hyperinflation

>> No.49333620

>>49333514
proportionately that is not the blow-off top one would have extrapolated from previous cycle data

>> No.49333624
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49333624

>>49333598

>> No.49333630

>>49333492
Elon

>> No.49333669

>>49333492
we didn't have a blowoff top because mathematical models predicting future btc price action are not based on reality. btc whales create narratives and then try to shape price action to comport with those narratives, then break from the narrative at key moments to maximize their profit. it's been their way of controlling expectations and therefore controlling the market. as more participants have entered, the more difficult this has become