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/biz/ - Business & Finance


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49906489 No.49906489 [Reply] [Original]

in 2015 and 2018 during the bear market, were there this many people calling for another bullrun? all these TA niggers posting log charts are making me feel very nervous. i am really concerned that i am the greatest fool in the greater fool theory...

>> No.49906539

>>49906489
It’s going to get worse. I truly believe that.

>> No.49906628

thinly veiled bobo thread
you will be greedy and miss the boat again

>> No.49906645

>>49906489
Daily reminder that every single finance asset like stocks,bonds,debt,crypto,money etc are all purely parasitical in nature and serve no purpose nor have any inherent value. Finance and economics are pseudoscientific make believe garbage, capitalism is inherently unstable,unsustainable and exploitative with a built in expiration date and private property is theft. Every financier or crypto dudebro is a literal parasite and you will all perish alongside your precious stock market and blockchain

Not only are you the greater fool but this whole idea of financial "freedom" and "making it" is the exact neoliberal propaganda that is has been beamed into your heart and brain since birth to mold you into a compliant, obedient, submissive and insecure bootlicker to maintain the capitalist status quo.

So mister "oldfag" realize that all these years you spent into this little financier nazi shithole site reproducing the same talking points has only served to waste your life and reinforce the same red scare boomer capitalist parasites that now have reduced you to a sad pathetic mess and stole all your money XD They would be really proud in you

>> No.49906652

Yes we had them. tho crypto back then was nothing more than a dream so the fear was more justified

>> No.49906749
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49906749

>>49906645
You sound like you eat glue for breakfast

Let me ask you then Mr "economic system is a scam"

Why are you using internet (that costs money) and typing things in a keyboard (that costs money) with your digsuting sub-human monkey hands

And eating food (that costs money and efford) with your disgusting monkey mouth


While other people have are having nice lifes with their 5 million networth, being happy and fullfilled instead of seething on a anonymus forum?

And let me tell you many of those got their fortune using "crypto" or being parasitic

They seem very happy and free to me, unlike you

>> No.49906844

>>49906489
2011 fag checking in. Just opened more shorts on btc. Also shorting s&p, nasdaq, Dow Jones, euro, gas, oil.

Collecting as much USD as possible. Will buy BTC incrementally btw 8-11, starting at 14 and will go ape shit if we reach 3-6 levels. Will start buying the s&p after another 20% dip. Around 3000. Rest of my USD will go to gold (don't buy now, it will tank too) Also look into securing a fixed mortgage for home if it's under 3%
and u want a house the next five years because it will get hiked to 8-12% the coming years.

>> No.49906882

>>49906844
Also invest into military stocks at the bottom, avoid tech.

>> No.49906890

>>49906645
>you will all perish alongside your precious stock market

To be honest this is what every no name family was telling people who wanted a better life for themselves

Now the descendants of people like you are still poor and seething (like you)

While the descendants people who got tired of being poor are as wealthy and have freedom to do literally all they want in this life

Including manipulating little larpers like you into extremist ideologies in order to cause societal disbalance

>> No.49906923
File: 21 KB, 480x360, commie.jpg [View same] [iqdb] [saucenao] [google]
49906923

>>49906645
shut up commie

>> No.49906934

>>49906844
Why 14k?

I remember calling the "bottom" at 14k aswell, do we have some kind of connection? kek

>> No.49906941

>>49906489
No anon, the time to buy is now. You should debtmaxx and invest into crypto and housing.

>> No.49906951

>>49906489
its going to get worse but first its going to get better

>> No.49906981

>>49906489
When we bottomed out and started crabbing down at previously incomprehesable prices for several months, most people lost patience and declared crypto dead forever. And chances are it will happen again

>> No.49907021

>>49906749
Ok strong "not disgusting" alpha male uberman use those strong masterrace hands, move your little mouse and click where it says "Buy"

Keep doing it bro im sure next time it is going to be different next time "you gonna make it"

>> No.49907089

>>49907021
>Keep doing it bro im sure next time it is going to be different next time "you gonna make it"

Oh what makes you think Im losing money?

Is it because YOU are incapable of pressing "Buy" then "Sell" and make a profit?

You silly retard lol, not everyone is a loser like you or OP

>> No.49907119

>>49907021
>>49907089

I know this is hard to digest, but non-retarded people make money in crypto

Yeah... crazy right?

I would like to remmind you 99.9% of the population are below 130IQ (Literal midwit levels)

I know right?

>> No.49907158

>>49906489
OG fag here
When the market was booming it was
Mostly shill threads
And my X coin is better then Y coin(you guys remember Ven vs Wtc)

Once the market really crashed into despair
All the shill threads stopped
Less people active on the board
People calling crypto a ponzi
BTC will be 0$
There will never be again a bullrun the normies got destroyed and will never invest again in crypto

...2 years later
It basically all recovered and the idiots who bought btc at the top could all sell it for 3x times what they paid if they didn't sell it

Also i remember when btc was crashing towards 5k and everyone calling it the end and that miners will turn off everything because it isn't profitable

And as last
The daily Tether is a ponzi thread and it will collapse
Scam threads

>> No.49907183
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49907183

>>49907021
>>49907089
>>49907119

I know I sound smug, however I have done nothing but gift you the literal truth, more than you actually deserve

You either take it and stop being a seething faggot, or reject it, that is if youre allergic to reality

>> No.49907225

Forgot to add
The hodl meme was actually the best thing to do
For everyone here that is holding heavy bags but the coin isn't a shitcoin
Dont sell just hold it until the next bullrun.You gonna sell it easy for a good profit
The only problem is it might take a year or three until the next run

>> No.49907229

>>49906489
In 2015 and 2018 the wider market was on a bullrun. Crypto has never experienced a real bear market. Imagine what will happen when SPY keeps dropping now that btc is pegged to ETFs and futures.

>> No.49907234

>>49906489
Early 2018 was almost exactly this sentiment, maybe a bit more shitposting and a bit more activity.

>> No.49907259

>>49907225
>but the coin isn't a shitcoin
Terrible advice for altcoins. 80% of alts from both the 2013 and 2017 bullruns never made it back to their previous highs. Out of the top 30 coins in 2017, only BTC and ETH made a new ATH in the next bullrun.

Holding alts through bear markets is stupid as fuck

>> No.49907269

>>49906645
>XD

>> No.49907296

>>49906645
>calls others parasites
>doesn’t even have job

>> No.49907337

>>49906539
>>49906628
>>49906652
>>49906951
>>49906981
>>49907158
you totally missed my point bros
i asked if there people posting log charts and that this is just a dip
>look at the RSI
>look at on chain metrics
>look at the 200W
>look at these obscure moving averages
>look at this fractal
>look at the futures they are so high rn
>look at the FAG index brooo!
it is rife with hopium at the moment. these are top signals, not bottom. just because there are a few bobo posts doesnt mean shit when >50% of people are still bullish long term. i want blood not sweat.

>> No.49907363

Don't take advice from me.
I knew of Bitcoin in late 2009 and am still poor.

>> No.49907373

>>49907225
Is ape coin good?
It's a trash token but might get listed

t. Seething Bagholder

>> No.49907464

>>49907337

just some examples. these anons are still bullish. did these anons (((exists))) at this point in the bear cycle 5 years ago?
>>49906170
>>49904860
>>49901934
>>49899894
>>49905330

>> No.49907480
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49907480

>>49906844
shorting oil, fucking ballsy man. energy crisis

on that note goin long on ura after a confirmed (1mo+ crab) bottom xD. theres just no fking alternative lol if they really want this 'electric car' shit on the grid

>> No.49907502

Crypto is tulip mania 2.0

It's not good as a currency, it's not good as a store of value and it literally cannot be stocks or bonds.

No inherent value, you are just waiting for someone else to pay for it more than you did.

Eventually it will go to zero, better to get out asap.

>> No.49907647

>>49907502
thanks for posting this, i've been saying this for MONTHS and my words seem to fall on deaf ears every time.

the whole idea with crypto early on was that there was some abstract "benefit" that crypto would bring the general public, and that you should always hold crypto because it value will go up as regular people see its value and buy into its ecosystem.

this has shown to be patently false over the past year though.
>isn't a good store of value and doesnt have inherent value, as you said
>isn't a good hedge against inflation
>all web3, defi, privacycoin, staking projects are pure scams that have absolutely no relation to the real world and would never serve any real-life need for anyone

i personally don't think it will go to zero, crypto enthusiasts will always keep it above zero but i definitely think it'll be below 4k before summer is over and below 1k in the long run.

>> No.49907726

>>49907647
This was literally what people said after the first big crash
Ofc it has no fucking usage
Crypto is retarded but its a easy way to get crazy returns.

Price gonna probably crash to 10k
Jump back somewhere to 20~30k and do crab movements until people forget about the whole crypto thing for a few years and the next bullrun starts

>> No.49907823

>>49907726
>easy way to get crazy returns
but these returns hinge on the idea that crypto will have some kind of "value" in the future, otherwise there would be no whales in it for the long run who are propping up the prices and providing liquidity.

and in the past, very few people knew about crypto compared to how widespread it is today with normies. back then, very few people were exposed to it and saw it as a scam, and there were plenty of other suckers in the world who hadn't yet bought into crypto. because of this, crypto was able to recover thanks to these new people actually believing in crypto and pumping cash into btc and eth.

now however, things are different. i feel the general public feels that crypto is a scam after seeing high-profile projects fall apart. after this bear period, will there really be enough suckers left in the world to pump btc or eth back to ATH? if regular people lose confidence in crypto and don't buy in, the whales won't either, and then these crazy inflated prices will crash along with liquidity.

>> No.49907865

>>49906844
The money from the bipartisan infrastructure bill won't even peak until 2025 and you're calling for deflation? Way to stay poor.

>> No.49907897

>>49906941
>crypto
No.
>housing
Depends on the location. Rates haven't changed the fact that there's not enough houses, just make sure you buy one where people can afford one.

>> No.49907913

>>49906489
I distinctly remember the 2018 bottom at $3k the sentiment was very similar, but much less hopeful.
I'm not saying this is necessarily the bottom but bobos back then were absolutely certain it was going to $1.5k.
I imagine alot of them never bought and are now /seething r/buttcoin posters.
Bitcoin back then genuinely did feel like it could die. There were no countries adopting it or companies buying it so my guess is we will never get to that level of pessimism unless some black swan happens.

>> No.49907949

>>49907225
Crypto won't recover until after capitulation.
Capitulation means nobody is saying this:
>Dont sell just hold it until the next bullrun.You gonna sell it easy for a good profit

>> No.49907979

>>49907647
Precisely.

Basically everything crypto was supposed to do, it failed at doing (and failed big).

I don't know if it will go to zero in THIS downturn, it may very well recover (probably only partially, don't expect it to reach previous ath anytime soon) but it will be because whales will pump it up just to dump again and make big bucks from new fools fomo'ing.

>> No.49907989

>>49906645
You are an idiot and your entire thesis is correct, but only with jewish monetary policy like we have today. Capitalism and financial markets work like a charm on a non-FIAT system.

>> No.49908033

>>49907979
>Basically everything crypto was supposed to do
What was crypto supposed to do?

>> No.49908053

>>49907823
Believe me when I said this is literally what people used to post when btc crashed to 5k for the first time or eth under 100$.

You overestimate the size of crypto
People will always be greedy
The only thing you have to do is to buy near the bottom.

Even in the worst possible case shit like eth or btc gonna easy give you a 3x returns

Shit like finance gurus that everyone knows are scammers existed 100 years ago and they gonna exist the next 100 years

You overestimate the average person IQ and greed

>> No.49908063

>>49906645
>you will NEVER make it and you WILL work everyday and you WILL like it!

>> No.49908075

>>49907296
Even if i was unemployed, which i am not, it still wouldnt make me a parasite. A parasite has to be active it cant be idle. To be a parasite you must be actively using a host(victim) as your vessel. The only vessel an unemployed person can use is his body to perform the basic and necessary action of eating. A parasite however uses a host to eat. Not its own body. So he has to be active all the time

>> No.49908107
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49908107

>>49906489
>i am really concerned that i am the greatest fool in the greater fool theory
Absolutely not anon! Just keep buying, don't worry we'll be sure to let you know when we're selling so that you're not left holding the bag.

>> No.49908125

>>49907464
Yes they did, and - unlike you - they unironically made it

>> No.49908249

>>49907913
black swan is here, you just dont want to see it!
economy is screwed, energy crisis all over the west. immigrants floating in. russias supersonic gvn and so on!

>> No.49908267

>>49908249
Yeah that's what every boomer and redditor has been telling me for the last two months.

>> No.49908330

>>49908033
Currencies (BTC, LTC, etc), store of values (BTC when they finally understood it was trash currency and conveniently changed narrative), and environments for decentralized applications (basically only ETH, rest is centralized or ghost chains).

That's what crypto tried to be (excluding the pure pump & dump scams).

The field collectively failed because no crypto managed to be a functioning currency (and they can't be by design), or to be a store of value (insane volatility), or a produce useful real world d-apps.

I still believe Ethereum may eventually host true valuable apps (instead of crypto-to-crypto) that are fast responsive and functional. So i guess if there's a crypto i might invest in, that's it.

While Bitcoin will survive just because of prime mover advantage.


None of that justifies even pricings tho.

>> No.49908457

>>49907337
Yes, hopium is still plentiful. No, we have not bottomed out

>> No.49908513

>>49908330
To be a stable store of value Bitcoin needs a much bigger market cap. If the retarded bobos and panic sellers would stop shitting the bed then we might get there one day.

>> No.49908598
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49908598

>>49908107
what if i like pain and being wrong is just another reason for me to keep living?

>> No.49908970

>>49907480
yeh but I'm longing coal. It out performed oil by 2x and will probably do a 3x

>> No.49909229

>>49908053
Mat Damen was on fucking niggerball halftime commercial for hundred of milliona of people to see, and he shilled crypto. This whole shit to only x3 from old ath, meanwhile in 2017 we did x20 from the 2013 top. Volatility to the upsideis shrinking, while volatility to the downside is pretty much the same. Crypto is loosing its risk/reward ratio because we are running out of plebs. Gamers hate crypto, art people hate crypto, stock and precious metal boomer hate crypto, now niggerball people hate crypto because they were lured in at the top from an actor. We are running out of people and a lot of those burned souls will not come back. Also crypto failed at everything. It cant be currency, store of value, inflation hedge...and defi is literally only there to trade and leverage. If you lend, you lend to someone who is going long or short. Thats where the yield comes from. Celsius et al opener maker vaults to go long and are in deep shit now. Crypto is literally a ponziy unlike a stock where the company sells things in the real world to people who buy them with real money and can pay dividens to you as a stakeholder from the profits. I made it last year with crypto and actually cashed out 900k but im just realistic here. We will amybe get on more bullcycle with 0.5x or 1x 2021 ath, creating a lower macro high or a double top. If we are really lucky one last push to 100k per btc, but after that the show is over.

>> No.49909487

>>49907979
>Basically everything crypto was supposed to do, it failed at doing (and failed big).
Weird, I sent some btc yesterday and it worked fine like always.

>> No.49909718
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49909718

>>49909229
All FIAT dies. The one that lasted the longest so far is the US dollar and that's because the US has been the biggest global power for a while. Fake money is unsustainable in the long term, history proves this.
Gold has been sound money for centuries, and crypto is another form of sound money for the digital age. It isn't going away. Bitcoin will probably reign over all others simply because it has first mover advantage.

>> No.49909764
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49909764

>>49907464
these are bobos pretending to be bullish to get you to buy something, somewhere.

They are shorting everything everywhere, so its actually a profitable strategy.

>> No.49909796

>>49907269
This.

>>49907989
and this.

>> No.49909847

>>49906844
If you've been here since 2011 then I'm definitely doing the opposite of what you say

>> No.49909924

>>49907337
TA is a meme
Way too many people relying on long term success, however most people are hopeless and dead inside, especially the majority who already have no how of financial prosperity
I would be bearish on crypto if it wasn't for the mass amount of hopelessness

>> No.49909979

>>49907502
This is stocks that don't pay dividends
Prove me wrong

>> No.49910108

>>49906489
>>49906489
>>49906489

oldfag reporting in, tl;dr:

2015 everyone thought crypto (bitcoin) was failed, over.
2018 everyone thought crypto (ethereum, ICOs) was just a bubble / scam and it would take many many years to recover.
2022 I think now crypto (BTC & ETH) has carved out their market fit pretty decently and will stay around.

But I agree all the "okay looks like we'll do another cycle soon!" posting is scary. Usually that means Mr. Market will do its best to fuck everyone up.

>> No.49910157

>>49909718
If fiat dies, my stocks and gold will make me a very wealthy man. Crypto is fugazi, just like fiat. If you didnt make it by now you will never make it from crypto.

>> No.49910327

>>49909229
Poast bussy you fucking faggot
>>49908330
You to redditspacing cuck

>> No.49912078

>>49906489
Been in crypto since 2016 I feel like a retard not taking profits this time around it would've been life-changing money o well perhaps I'm the biggest fool still not selling don't care what others think I'm still bullish on most of my portfolio for the coming decade. Same with my stocks not selling shit still buying constantly, dollar cost avg I don't give a fuck it'll pay off big time in 5 years or so

>> No.49912155

>>49907259
>Out of the top 30 coins in 2017, only BTC and ETH made a new ATH in the next bullrun.
You're not wrong with the most alts die part but with this part you're just plain lying faggot, may not fit the muh only btc AND eth are special narrative, but shit like ADA, ETC and even fucking LTC all went to a new ath in 2021.

>> No.49912422

>>49906645
Based

>> No.49914078
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49914078

We need to go lower.

>> No.49914312

>>49908330
eth is centralized lol

>> No.49915000
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49915000

>>49906489
You are always missing the opportunity whenever bullrun coomes, it's your fault mofo. I don't care about this market anymore, I'll just provide some liquidity on Equilibrium future bailsmen pool and let those borrowers lose their money on doing idiotic things while I'm earning APYs.

>> No.49915136

>>49906489
people were saying that there would never have been another bull run

>> No.49915209

>>49906489
it was exactly the same
log charts were posted daily at the bottom

>> No.49915227

>its over cryptos dead!
>bitcoin failed at a store of value!!
>Btc 2008: $0.00001
>2022: $20000
It doesnt keep up with inflation!!!!!

You are retards BTC is the most successful asset in human history, it does what it was designed to do, go up ling term in relation to fiat, just like fiat is designed to lose all its value and steal everyones purchasing power long term.

Satoshi was a game theory master. Bitcoin is deflationary, as long as fiat inflates bitcoin will mathematically keep going up.

I remember everyone saying Bitcoin has failed when it went from 1000$ to 150$ in like 2013

>> No.49915332

>>49906489
There is always a lot of energy being devoted to trying to get people to make the wrong calls at the wrong time

I was here for both these bullruns.

>> No.49915352

>>49908075
No you retard you don't. Is a tick active? A parasite is a niche existence of feeding off a host. Not controlling it. Cordyceps mind controls bugs because it has a second function. Ticks give their host lime disease and kill them. Chiggers infect feet and kill the host because they can't walk. Almost every parasite kills the host.

>> No.49915385
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49915385

>>49915227
>I can buy fake monopoly money and ill be a millionaire in a year regardless of any macro encomic conditions
>People are still crying after it dumps, instead of seeing if the patterns are similar to those other five times it almost "went to zero"
I guess humans are short sighted and can't seem to keep the anxiety on hold. I mean have you looked at the reflex charts? It's all green, not all coins are dying, don't trust the pink wojaks.
Also remember we all went trough this when the pandemic started, same shit, again and again

>> No.49915441

>>49915227
That all hinges on being able to exchange BTC into FIAT. BTC hinges entirely on greater fool theory; people just underestimate how many fools there are out there.

>> No.49915880

>>49906489
Some bullshit projects can't really have their way through the bear market because of poor marketing. That's why they really need good engagements to retain their good fundamentals. I don't know if they can have that if they won't join KOLnet IMOs soon.

>> No.49915902

why the fuck are you nervous? Look around you, a ton of institutions are just starting to enter the market.

Hedera alone has tons of mega institutions like Google and IBM on their council. Why do you think HBAR foundation is still investing hundreds of millions in efforts to expand the ecosystem? Its cause they know the market is here to stay

>> No.49915903

Dude weed lmao

>> No.49915961
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49915961

I lost 95% in 2018, I hodled a bunch of shitcoins down to 0 and they stayed there. And yes, /biz/ was filled with cope and TA retards. This time I didn't make the same mistakes: I took profits, diversified into bonds and Vanguard VT and bought quality coins. I also rebalance often (for any anon reading this: ALWAYS rebalance!). Unfortunately I'm out of the millionaire club due to the bear market, but I'm still sitting on a comfy 6 figure number and have tons of cash to buy the dip in two years.

>> No.49916023

>>49906934
Maybe.
Seems you are both Celcius liquidation shills.
To what gain., Im not sure.

For whatever reason - fuck you

>> No.49916056

>>49906489
I distinctly remember the last two lows basically everyone was bearish and calling for lower, 2013-2014 low on silk road bust was too short of a time period for that to be the case, everyone became a mega bear only a week or so after the april 13 high likely attaching themselves psychologically to the prior rally up to 40 or w/e it was (that was before my time I bought my first few BTC in march 13 and never capitulated)

>> No.49916083

>>49906489
2017 oldfag here. Tone gays convinced almost everyone in 2018 that we go lower so many folks shorted 4/5k.I was buying at 4k like a savage .I think we have one more leg down to 15k tho before the pump

>> No.49916133

>>49906489
>slurp bitcoin to 2030

>> No.49916166

>>49906645
Lost me at "Daily reminder"

>> No.49916209

>>49907158
Capped and saved for 2024.
Right now it's just the inverse of trying to maximize selling the top

>> No.49916418
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49916418

>>49906645
>parasite
>no purpose
>not bio major

>> No.49916424
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49916424

>>49909229
Not all gamers hate crypto, some are just embracing the concept of metaverse and even collecting some of the rarest NFTs now from the money they earned from streaming or selling drugs. Can't blame them huddling up to get Honeyland passes because the upcoming alpha game launch is coming near. Kek.

>> No.49916556
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49916556

OG silk road /v/idja crypto posting fag here
I used 500 bitcoind to buy lsd
I missed 2018 (broke as fuck)

If history repeats itself...
Put money into litecoin, Hbar, shibe and random cheap (.0XX) shitcoins

Fuck i might even dump some money on digibite. And by dump i mean mave like a grand...im each coin.

I dont think BTC is going back to 60k since the hype is dead

But it will go up, and it will bring everything up with it

>> No.49916587

>>49916556
Why Litecoin?

>> No.49916640

>>49916587
because he is retarded

>> No.49916679

>>49916556
don't listen to this retard. buy LINK

>> No.49916714

i hope you are patient biz cause this is btc first real bear market and its gonna last until 2028. Bottom will be ~$550. Everything moves on attention and crypto will be the last thing in normies mind for a looong time now

>> No.49916748

>>49916556
Didn’t read. Based boxxy post.

>> No.49917175
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49917175

>>49906489
you can skim the archives to gauge sentiment. these are the times when metal is truly forged. I am completely emotionless and have accumulated a nice mid range stack this is now my 3rd bear. First one i always the bitch of the bunch, no foolin...

>> No.49917351

>>49907259
Then what is a better option then? DCA?

>> No.49917386
File: 101 KB, 1024x687, 1234689843.jpg [View same] [iqdb] [saucenao] [google]
49917386

>>49912155
>LTC all went to a new ath in 2021.
LTC particularly showed how much of a big deal it is following its expression to focus on privacy. Algorand made a similar stance last month, as well as Railgun after its on-chain railway for anonymous trading became a thing.

>> No.49917411

>>49917351
its not for everyone but it works.

>> No.49917441

>>49906749
>>49906890
so hows the old hug box treating you lot?


>>49916418
>parasite
>no purpose
describes majority of /biz/

>> No.49917451

>>49906489
Yeah

>> No.49917468

>>49906645
Kill yourself stupid anal shit cock sucking faggot

>> No.49918043

>>49916424
>some are just embracing the concept of metaverse
Not just being embraced. It's already a big deal. Seen what Sports metaverse is building?

>> No.49918844

the answer to every single one is solvable by more money?
then bet on $REFLEX a tolen that has an actual usecase just look it up dont make me google it for you