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/biz/ - Business & Finance

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50158643 No.50158643 [Reply] [Original]

Assuming there is no unforeseen world wide doomsday event, the likely bottom for btc this cycle is between 10-15k.

Just wait until later this year when earnings, lay offs and other associated effects of rate rises can be quantified because markets have another 20% or so in them to drop.

>> No.50158668

>thinks the media won’t cover for a dem president
Holy retard

>> No.50158685

>>50158643
wow anon that is an extremely contrarian analysis
thanks

>> No.50158763

watch what happens this week lmao

>> No.50158790

>>50158643
Putler is going to cut all gas to Germany next winter. We haven't seen shit yet

>> No.50158836

>>50158668
this, blackrock owns every outlet

>> No.50158860

>>50158685
Literally not a contrarian analysis you fucking moron, being bullish right now is contrarian, considering the mental gymnastics you have to do come to the conclusion that the period right now is even remotely conducive to asset prices.

>> No.50158864

>>50158643
>red lines
>red circles
cant argue with that analysis

>> No.50158880

>>50158685
Sorry i just realised you were being sarcastic lol sick of arguing with bulltards

>> No.50159075

>>50158643
Anon, 10-15k solidly liquidates like half of the exchanges. Do you know what happens in that kind of a crisis?
>oh but institutions will slurp and keep it up
Not when they’re facing margin calls of their own they won’t. Only when Saylor has blown his brains out and this board is dead will king shitcoin stop dumping

>> No.50159289
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50159289

>>50159075

Nah.. you'd be surprised just how much it would take for exchanges to really feel the heat.

Bitcoin could go to 5k and exchanges would still operate fine.. but this assumes a gradual decline not say something like tether collapsing and everything going to shit straight away with a liquidity crisis.

Hell bitcoin could go to $1 over time and it wouldn't crash the exchanges.. The price is relative to the state of the markets.

Interest rates will continue to climb until at least Q2 2023 and with that markets will continue to decline incl bitcoin because put simply money is more expensive so the system in which it operates puts downward pressure on the price of everything.. add on to that the inflationary and supply chain issues we have and yea you get the idea.

Useless credit tech companies (the billion varieties of buy now pay later) will get wiped out thankfully and we'll get a return to the mean not just financially but also fundamentally.

The next big hit will be fun and it is going to be when youtube and other associated social media entities slash their pay rates to influencers etc (this includes reduced sponsorship payments) and suddenly the whole "influencer" model isn't anywhere near as profitable as it once was.. which hammers 99% of people just trying to cut it.

If you play chess you'll understand that it doesn't matter where you move at this point because there's a lot of pain coming. Necessary pain.

>> No.50159358

>>50158860
>a sarcasm flies right over your fucking head WHOOOOOSH