/biz/ - Business & Finance

[Anonymous No.49669386]

>BTC was at 20K
>ETH at $1000
>fear at ATH in all markets
>still haven't bought anything
am I a genius or stupid /biz/? won't I look retarded in retrospect if the market bottoms in this range?

this is my first time 100% in stables so I don't have a clue what I'm doing

[Anonymous No.49669416]

>>49669386
>100% in stables
You eighter buy at 20k or you dont
Do you wait for what?
If Bitcoin goes way lower it wont recover anyway

[Anonymous No.49669479]

>>49669416
>you wait for what?
I guess I wait exactly for that "BTC won't ever recover" sentiment and I expect for this bear market to stay low for a long time, but then again I might be retarded trying to snipe the absolute bottom, like I said I don't really know what I'm doing lol

[Anonymous No.49669581]

hi guys when do i buy? when do i sell?

[Anonymous No.49669910]

>>49669479
>bear market to stay low for a long time
Show me one bear market where this was the case?
It always violently pumped from the bottom last time x3

[Anonymous No.49669963]

>>49669386
the power of dca, put like 15% in a week at a time.

[Anonymous No.49670076]

>>49669910
>Show me one bear market where this was the case?
Uhm almost every single bear market?
>It always violently pumped from the bottom
That's just the black swan covid March 2020 low

[Anonymous No.49670102]

>>49669416
>wont recover anyway
Sure it won't.

[Anonymous No.49670236]

>>49670076
Well the level there was already 25% higher it was 4k. And then it pumped after a few weeks
>>49669963
This is the way

[Anonymous No.49670277]

@@ 18019-17589. wTmUxLtYyPo

[Anonymous No.49670495]

>>49669386
Hear me out. MARKETS WILL NOT BOTTOM ANYWHERE until and only until the FED GET THEIR SHIT TOGHETER.

what does that mean? The Fed lost all credibility regarding inflation with their "transitory" bullshit. Now they are trying to "softland" the markets by lying about how bad inflation is. Markets don't believe a shit the Fed is saying and are pricing in between 75 to 100 bp in hikes from now on. IF AND ONLY IF the Fed announces today 125bp or even 150bp AMD basically Paul Volcker our asses they will not gain the confidence of the markets back allowing for a bottom to be formed.

[Anonymous No.49670584]

LETS GET ONE THING STRAIGHT

There has never been a recession at the same time as CRYPTOCURRENCIES have existed.

(~trillion dollar market, or as of current ~$0.9T right now, ~$1.2T last week)

Read this twice:

>The market and the global economy, has never been worse than now, during the entire lifespan of bitcoin.

Bitcoin has "died" how many times?

Crypto is not disconnected from the rest of the economy.

That means that when the economy goes down the drain, crypto is not going to remain unaffected. This drop is a good few months coming.

Throw your historical TA out of the window.

If the TA is based on a world without an extra trillion dollar market, it's just not going to be as accurate. Duh.

Crypto right now, just as much of the economy that has taken less hits, is helping cushion the blow, and this is the biggest blow in a long time.

Think about it faggots

[Anonymous No.49670711]

Are we bottoming for Pride month?

[Anonymous No.49670808]

>>49670711
good one anon.

[Anonymous No.49671003]

>>49670495
But the fed losing credibility ultimately is bad for the dollar so bullish

[Anonymous No.49671019]

>>49670584
A recession lowers inflatioon by it s own so bullish

[Anonymous No.49671073]

>>49670076
>Five months of crab.
So accumulate.

[Anonymous No.49671092]

>>49670584
>There has never been a recession at the same time as CRYPTOCURRENCIES have existed.
Yes there has.

[Anonymous No.49671129]

>>49670584
https://www.forbes.com/sites/simonmoore/2020/04/11/how-has-bitcoin-performed-during-the-crisis/?sh=634fc3b2466c

[Anonymous No.49673201]

>>49671129
oh hey an article stating its just bad compared to gold

[Anonymous No.49673645]

Probably a good time to start buying. According to the rainbow chart
Many of us.are.down because we bag held, but you will see more upside than us

[Anonymous No.49673754]

>>49671003
Are you insane? Have you seen what the current situation did to the whole "BTC is a hedge against inflation/goverment fiat" narrative did?

BTC is no different than any other commodities market with the execption that BTC is only an expeculative asset since it holds (currently) no other value than to launder money or transfer money freely between borders (which is illegal). BTC is just a highly especulative asset and is being shorted to hell and back by most institutions just like they are shorting almost every market with the exception of Energy.

[Anonymous No.49673825]

>>49669386
Meh, buy with 10%. Come back tomorrow, if you feel like it, buy with another 10%. At least you curb your fomo and gambling.

[Anonymous No.49673928]

>>49669386
You can pick up genuinely good products for pennies in a bear.
Give HEX an eyeball.

[Anonymous No.49673966]

>>49673754
>no other value than to launder money or transfer money freely between borders (which is illegal)

Being able to move money in ways the government deems to be dangerous for them is no value? Monetary freedom has no value?

[Anonymous No.49674028]

i'll start buying when it's at 8-9k. I think that's next support.

[Anonymous No.49674102]

>>49673966
Read again I did said "than to" but is only valuable there. 99% of people don't give a shit about financial freedom or being able to send money without having to worry about the tax man since they would never move enough money so that they transactions are being stopped in every bank for verification.

[Anonymous No.49674236]

>>49673825
lol most of these idiots don't have any dry powder, they're just underwater. 10% every week is 100% ..what happens when it drops to 8k?

[Anonymous No.49674288]

Fuel at alltime high.
>next month cpi gonna be bad
>buttcoins gonna drop to $15k