/biz/ - Business & Finance

[Anonymous No.50403108]

Anyone know what is going to happen to bitcoin?

[Anonymous No.50403116]

draw the line what you think is going to happen btw

[Anonymous No.50403176]

[Anonymous No.50403190]

Sideways

[Anonymous No.50403191]

>>50403108
yes

[Anonymous No.50403211]

[Anonymous No.50403216]

Might go up. Maybe down. Or even sideways.
Not a financial advisor.

[Anonymous No.50403299]

>>50403211
if i had to guess this desu

[Anonymous No.50403308]

>>50403211
Correct.

[Anonymous No.50403322]

>>50403108
It's right under giga resistance. BIG move incoming. Not tradeabke from here though. Rejection = 13-14k m. Breakout = 30k most likely. Maybe even 36k

[Anonymous No.50403338]

>>50403211
where the fuck is the money coming from to push BTC to $30k you utter retard?

[Anonymous No.50403346]

>>50403322
how the fuck would it go to $36k

[Anonymous No.50403510]

>>50403338
kys bottom shorter

[Anonymous No.50403528]

>>50403338

sam bankman fried
he's got $2billion in liquidity
he'll push it high on low volume
sell at 30-35k
then dump back to 20k and buys back

[Anonymous No.50403542]

[Anonymous No.50403546]

>>50403510
>shorter and longing

no thanks

[Anonymous No.50403548]

>>50403108
It can't pump until it scamwicks down. Never in the history of BTC was retail given a nice flat bottom to accumulate in. At the very least they will hunt the leverage longs one more time.

[Anonymous No.50403566]

>>50403322
Based
>>50403338
Bust
>>50403528
Based
>>50403548
Bart

[Anonymous No.50403568]

>>50403338
>where the fuck is the money coming from to push BTC to $30k you utter retard?
That is the most retarded shit I've EVER read. Same retards that said this from 3k. Same retards that said this when btc dumped to 30k to 69k when everyone thought it was dead. Same retards that said it wasn't going back past 22k levels from 17k. Think before speaking. Look at the fucking macro for fucks sakes. Btc typically does have dead cat bounces of even 50% while still being in a bear market.
>>50403346
Learn TA, faggot. Your dumbass is probably glued to the 1 minuet time frame, Lmao. I can tell you're new as shit. Also read above. Overall I am expecting a rejection. Just saying btc is a LOT more volatile than you think. You look at price from a midwit perspective

[Anonymous No.50403579]

>>50403108
0.8 chance of continuation
0.2 chance of break
Probabilities are based on the fact that I made them up

[Anonymous No.50403587]

>>50403568
what TA and Macro stuff makes you think 30k is coming?

[Anonymous No.50403588]

>>50403568
>dead cat bounces
I subscribe t the double cat bounce theory. That means shortening cycles. But covid fucked the last one so charts are fucked. 380k eoy.

[Anonymous No.50403615]

>>50403211
most likely

[Anonymous No.50403623]

>>50403108
It's going to rug to zero. Still so many normies that hold it and can't afford bills. They only hold it because they believe they'll be rich.

[Anonymous No.50403638]

>>50403568
cope

[Anonymous No.50403672]

>>50403338
Bear markets are whale playgrounds.
With so low volume, they can manipulate prices all they want based on which side of the trade most retail participants are.

[Anonymous No.50403696]

>>50403587
I don't share indicators, but if you go on the daily you can draw out a massive downtrend starting from late march and btc is currently about to retouch it which is basically where the extreme volatility comes in. Every time it touched it dumped to all hell so unless there's a reversal here, chances are we're going to dump to all hell again. IF it breaks up, it's going to lead to an actual relief rally/short term reversal. Not going into more detail from here

[Anonymous No.50403714]

>>50403108
16k next week on the way further south

[Anonymous No.50403850]

in case no one bother to check, btc needs 150-200 billion to pump to ~30k. we are also about to enter a decently shitty recession.

[Anonymous No.50403881]

>>50403850
>btc needs 150-200 billion to pump to ~30k.
That doesn't fucking matter for price action. Only newfags look at price from this perspective
But yes a rejection is more likely than not

[Anonymous No.50403898]

>>50403850
Seriously these "needs x amount of money" retards are pissing me off. Charts >>>>>>>> this nothing burger bullshit

[Anonymous No.50403909]

This is the Golden crab run

[Anonymous No.50403928]

>>50403881
>>50403898
youve never overlayed the btc market cap chart with the spot btc price chart have you? here, ill spoil it for you, theyre the exact same fucking thing except for how the y axis is labelled. low volume price action doesnt create a 50 per fucking cent price pump. theres more money following up to keep it going. the only thing low volume does is make easier to 'nudge' the price in direction.

[Anonymous No.50403954]

>>50403928
You've never traded in your life, have you? I don't give a fuck about the amount of money because big volume isn't indicators of big moves, retard. As an example, the pump from 30k to 69k for instance had LOWER volume than the initial run to 65k. It's IRRELEVANT
S&p did the same shit too. Pic related

[Anonymous No.50403958]

>>50403881
>>50403898
also, look at how hard it was for btc to pump above 30k when it was consolidating in that range... and that was before the luna, celcius, etc shitshow

[Anonymous No.50403961]

>>50403954
>indicators
*indicative

[Anonymous No.50403963]

bobos are you ok? im really worried about you... first you miss the bottom then you keep shorting why are you doing this to yourself

[Anonymous No.50403964]

It's gonna shit the bed for four years, papi.

[Anonymous No.50403968]

>>50403928
mcap does not represent the literal amount of money that has to be dumped into the market to move the price to a certain target. it's the value of ALL the coins in existence at a particular price, including the ones people are holding and not actively trading which is the vast majority of them.

[Anonymous No.50403969]

>>50403958
No. You have a bad perspective of price action. Look at the volume at the bottom of this pic as an example of how big volume isn't needed to pump hard: >>50403954

[Anonymous No.50404162]

>>50403969
thats sort of a shit example. the volume spike in 2008 was money LEAVING, hence the crash. after the the initial crash the volume signature more or less followed the same trajectory as it was before the crash. as in, more money coming. the volume on the last leg up is still well above pre 2008 crash and also has an upward slope. not only that, shifted the topic from market cap to volume. also, if you mean volume in terms of amount of btc traded, and not usd equivalent traded, then i completely agree.
>>50403968
>including the ones people are holding and not actively trading which is the vast majority of them
this is money that entered and stayed, is this not reflected in the market cap to some degree.

still, no one has answered the question, where is the money thats going to pump btc to 36k or even 30k coming from?

[Anonymous No.50404166]

>>50404162
>>50403968
This is bobo cope. We're mooning

[Anonymous No.50404188]

>>50404162
It's not a shit example. Volume doesn't matter anywhere near as much as you think, but you're too stubborn to see that

[Anonymous No.50404203]

>>50404162
Also you're blind as fuck. The volume was in a downtrend while s&p was pumping after the breakout from the crab channel. Get your eyes checked

[Anonymous No.50404227]

>>50403211
This

[Anonymous No.50404263]

>>50404188
i never said ANYTHING about VOLUME being a shit indicator or not. one single $50b purchase (low volume) or a shit ton of purchases totaling $50b (high volume) will push the price up a fucking lot. where is this money coming from?
>>50404203
see above i never said volume mattered that much. you brought that up, not me.

[Anonymous No.50404288]

>>50404263
...your argument is LITERALLY centered around volume, LMAO

[Anonymous No.50404303]

>>50403338
low volume bear markets means its prime time for whales to pump n dump

[Anonymous No.50404302]

>>50404288
i literally said market cap in the post that started this gay ass convo you fucking dingus

[Anonymous No.50404323]

>>50404263
Let me put it this way. I'll repeat what I said, but with a pic. The volume it took to pump btc from 30k to 65k the first time was LESS than it took to push it to 69k after the May crash. By volume I mean less billions were used to pump the price.
You can CLEARLY see a downtrend in the volume while the market cap was still volatile regardless because they don't work together on a 1:1

[Anonymous No.50404343]

>>50404302
Here's the btc marketcap chart. Go look for yourself: >>50404323
Volume aka the billions to move the markets isn't a 1:1 thing. Low volume can still pump or dump the price massively. Orderbooks are thin so it's easier to move the price.

[Anonymous No.50404481]

global macro still fucked
so i'm thinking we're going down

[Anonymous No.50404492]

>>50403108
30k or 10k

[Anonymous No.50404641]

>>50403338
>>50403346
do you think money just combusts when it leaves the market?

[Anonymous No.50404659]

>>50404492
Which is it

[Anonymous No.50404660]

>>50404323
>>50404343

Just watch price action on orderbooks and it isn't hard to see whats going on. Pumps are strategic, break resistance and you have price discovery. Dumps are the same. All momemtum driven. If you let a market act only through human action with no external influences the graph would look quite a bit different. The current climate is not bullish for crypto, but crypto is imo in a bull-market. There are a lot of people still active in this space and no one is saying it is a scam anymore. It is here to stay this time. In 2020 during the Covid crash, we did not know that.

We won't get the same lows, I think we hit the ATL point at 17k and we will probably retest it once again during some external event. Might even break down to 10k. But it is here to stay. With no external events (there always are), I think we will slowly climb towards 30k which is basecamp for the next moon-mission. Will fluctuate in 30-40k range with attempts at 42k for the next 2 years or so. Will climb towards 50k before next halvening. Then entire next cycle will hopefully not be distracted by fucking Elon scamming volume from BTC to his dogshit. We would have hit 100k if people sat in BTC instead of everything else. But its all good. I think next cycle we can look at 150k-300k. Depending on where normies place their money. If we ever get good times in the world again, all the retards will flock back into crypto. No one invests in the boring old stock market when you can buy cute dumb shit and 5x in a month, versus 20% gains on stocks. Its gambling, but calls itself "investing".

[Anonymous No.50404667]

>>50403964
I'm not listening to a guy from 1875. Even legitimate retards today are more intelligent .

[Anonymous No.50404684]

>>50404660
You write way to much shit to try to justify your viewpoints which isn't even in the right. I'm done. You're too stubborn and I stopped caring.

[Anonymous No.50404690]

>>50404684
*too

[Anonymous No.50404715]

>>50404684
lol retard hes a different poster. you cant tell writing styles apart? holy kek

[Anonymous No.50404721]

>>50404715
Oops
>>50404660
My bad

[Anonymous No.50404751]

ok i love how u are all arguing over whether it geos up or down however please remember bihcon gongo up

[Anonymous No.50404787]

>>50403850
thats not how market cap works you faggot nigger

[Anonymous No.50404811]

>>50404684

Go back newfag.

[Anonymous No.50404826]

>>50403108
we're going to the moon boys, just wait until more money is printed and they give out stimulus to everyone

[Anonymous No.50404847]

I think the bottom is most likely in, I see a lot of people saying it will go a little more down but that makes no sense. Going only a tiny bit more down from 17K would break many different charts in many different ways, so it's either we go down big time (bitcoin screwed in a more fundamental way, it's been on a decade+ long bullrun that ends now) or the bottom is in and we go up from here. A bit more of downside is not a normal thing. We might double bottom before going up though.

[Anonymous No.50404869]

>>50403964
Anyone know the basis of this thesis?

[Anonymous No.50404887]

>>50404481
This anon gets it

[Anonymous No.50404968]

>>50404811
Nvm. Not my bad. You're retarded. I've also been here since 2018. I bet most of you losers are from 2021

[Anonymous No.50404978]

S
0
0
n

[Anonymous No.50404998]

>>50404847
>but that makes no sense.
It makes plenty sense. Whales can do whatever they want. OP drew it wrong. Trend is your friend until the end. There needs to be a breakout asap or it's going to reject and will in fact create a lower low

[Anonymous No.50405009]

>>50404847
>been on a decade+ long bullrun that ends now
No it hasn't. It's always been in cycles. Those red years are when btc corrects heavily. Even if it shits to 10k, that would technically be normal, albeit disappointing considering it never had a blowoff top to justify it being that bad

[Anonymous No.50405026]

>paint a beautiful flag and then
>DUMP IT

[Anonymous No.50405027]

>>50404998
Mmm my bad. Op drew it right

[Anonymous No.50405057]

>>50403108
Next week or two ->$12k
Next year slowly -> $30k
spike before halving -> $45k
2024-2026 bullrun -> $85k
Late 2026 bear

[Anonymous No.50405063]

>>50405057
Nice crystall anal beads

[Anonymous No.50405085]

there's also a flag + trendline that correlates with 40-day MA

[Anonymous No.50405098]

>>50405063
You cant see that?
I never understand stupid people. Is yoyr mind plank?

[Anonymous No.50405104]

>>50405098
Imagine being upset at people who choose not be be blind.

[Anonymous No.50405115]

>>50405098
>Is yoyr mind plank?
lol paj youre so wrong you dont even know

[Anonymous No.50405135]

>>50403964
>Buying in 1924
>Buying in 1969
>Buying in 1985
>BUYING IN 2005

Supreme retardation.

[Anonymous No.50405340]

>>50403954
forgive me and correct me if I'm making some retard beginner mistake but if you look at the averaged volume doesn't it show the second run had more volume than the first?

[Anonymous No.50405412]

>>50403850
Lol no it doesnt.
All you need is the money to wipe out the orderbooks up to 30k and buy up any sellers that may appear along the way.
Probably 5-10 billion would be enough.

[Anonymous No.50405435]

>>50405340
No. Also don't look at some random exchange's volume.
If you go to the market cap chart, you can see first run up from ~540b market cap had a total volume of 40.7+61.1+55.4 bil to get to the 1.21 t marketcap while the second runup to 1.26t was 37.8+26.5+42.6
Not perfect. Guestimating a bit, but it's basically ~157b volume to go from 540b market cap to 1.26t and then from july to october (very near the ath market cap) was ~107b volume to go from 540b market cap to 1.26.
Again though the thinner the order books, the easier price manipulation becomes

[El Arcón No.50405438]

Is this coffee fucked up?

[Anonymous No.50405459]

>>50405435
>157b volume to go from 540b market cap to 1.26t and then from july to october (very near the ath market cap) was ~107b volume to go from 540b market cap to 1.26.
*first run up was about 157b volume to get it from 540b to 1.21t market cap and second run up took about 107b volume to get it from 540b to 1.26t market cap

[Anonymous No.50405474]

>>50405459
if anything it was slightly less than 107b the second time, but too lazy to do the math. It doesn't matter. It's about there anyways.

[Anonymous No.50405527]

>>50405412
Lmao I didn't even read that properly when I responded to them. The numbers they are saying would literally take this back to the ath KEK

[Anonymous No.50405560]

>>50403850
150-200B? Are you actually fucking retarded?

[Anonymous No.50405582]

>>50403211
This, except 23k instead of 30k.

[Anonymous No.50405605]

>>50404869
18 years+/-2 depending on how the creator felt about the clouds in the sky that day

[Anonymous No.50405626]

>>50403108
I expectly absolutely nothing big this month. It even starts tomorrow, just open your chart when NYSE opens and see these fucking assholes selling their shit

[Anonymous No.50405671]

>>50404641 YES

https://www.efootage.com/videos/80501/federal-reserve-burning-old-money

[Anonymous No.50405945]

>>50405626

[Anonymous No.50406180]

>>50403108
You will sell and I will scoop up the bottom and sit on it for 4 years till the next bull market then repeat.

[Anonymous No.50406222]

>>50405057
Sorcerer

[Anonymous No.50406238]

>>50403338
Nigger detected

[Anonymous No.50406602]

>>50404641
Yes. Every April 15th, money gets burned.

[Anonymous No.50407799]

>>50403338
your momma bitch

[Anonymous No.50408051]

>>50405135
>buy in 2005
>sell in 2007
u dodge everything from the financial crisis, retard

[Anonymous No.50408099]

>>50405605
Kek

[Anonymous No.50408157]

>>50403338
Same place its coming from to keep it from crashing. Right now there's a ton of miners dumping their reserves to pay their bills, everything being bought up. Eventually the miners will run out of reserves and that's when the price will start exploding.

[Anonymous No.50409512]

Hey guys OP here what did I miss

[Anonymous No.50411723]

>>50403108
I think once the bullrun begins it will moon again for sure but with the quantum threats over us it should be tough but with a quantum resistant blockchain I'm confident as I'm expecting one to live by EOY anon.

[El Arcón No.50411732]

Is this water ok?

[Anonymous No.50412659]

>>50411723
I don't think that's not even real jeet. Don't get rekt
The quantum threats are so far away and I personally think eth2.0 will have and it's more reliable

[Anonymous No.50413594]

>>50403108
downwards

[Anonymous No.50413984]

>>50403108
We are only officially starting the recession this month, so this

[Anonymous No.50413990]

>>50403108
I hope it decouples from everything so it can doomp to 0 and not fuck up every other crypto on the market.

[Anonymous No.50414016]

>>50403211
I'm betting on something close to this happening. Got stoploss at breakeven down at 19k with profit targets between 26-30k

[Anonymous No.50414078]

>>50412659
Eth 2.0 will be good for sure but why compare apples and oranges. Anyways your brain is too small to understand the gravity behind a Quantum threat, so I'll be safe with the quantum resistant blockchain completely hack proof. Lucky me.

[Anonymous No.50414140]

>>50404978
>Coinbase
I'm genuinely concerned coinbase is going to die in a bank run and I don't know if I should cash to bank or push USDC to an actual private wallet and immediately swap it.

[Anonymous No.50414415]

The people 'fixing' things are doing exactly what's necessary to fuck everyone over. They make bank on bitcoin cycles and won't be done with this one until the majority of retail has sold and vows to never bet again.

[Anonymous No.50414480]

>>50408157
>That wick down to 8000 in October

[Anonymous No.50414586]

>>50403211
Real answer. 30k is a bit high though.

[Anonymous No.50414594]

>>50405085
That’s a bear flag

[Anonymous No.50414643]

>>50414480
>no refundsu

[Anonymous No.50414685]

>>50403623
This, peter schiff has literally NEVER been wrong, it'll be sub zero by eom, because goypigs are about to remember that bitcoin is literally worthless, atleast you can eat gold and tulips.

Catching covid is more profitable than investing in this undemocratic nazi nerdy faggot money.

[Anonymous No.50414793]

>>50403696
so you are basically calling out people for having shitty TA skills but too shook yourself to outline your TA prowess, what a faggot.

[Anonymous No.50414838]

>>50403568
>Learn TA, faggot. Your dumbass is probably glued to the 1 minuet time frame, Lmao. I can tell you're new as shit. Also read above. Overall I am expecting a rejection. Just saying btc is a LOT more volatile than you think. You look at price from a midwit perspective
Imagine typing all this and literally saying nothing of value. Literally just posturing as though you know what you talk about, but you are clueless. Embarrassing.

[Anonymous No.50414971]

>>50403964

>selling at the 2016 bottom

[Anonymous No.50414989]

>>50403338
bottom short liquidations. eat shit bobo

[Anonymous No.50415053]

>>50403542
What's Bobo doing?

[Anonymous No.50415069]

>>50403108

[Anonymous No.50415160]

>>50403108
>Anyone know what is going to happen to bitcoin?
It's going back to zero.

[Anonymous No.50415424]

There are times when I'd taken the Vaxx just to get a 200 dollars in BTC or Syscon, and then there are days when I wouldn't give a damn about the vaxx no matter what's at risk...
It all starts and ends with your present predicament

[Anonymous No.50415509]

Those that are likely to make millions during the AltSeason2022 begin their planning now. I'm hunting more WAVES, ETH, and, most importantly, Syscon ATM. This provide BTC merge mining and security, as well as an ETH bridge with extremely low costs.

[Anonymous No.50415657]

as a 5 year long coinbase user, i've never been so scared of insolvency.

to transfer a shitty little wluna stack ($50), it took me almost three days, four talks with customer service and two escalations. for $50 of trash. outages, trouble withdrawing.

THE WRITING IS ON THE WALL

buyer beware

[Anonymous No.50415736]

>>50415657
>$50 wluna stack
damn, times are getting tough aren't they

[Anonymous No.50415886]

>>50404978
Two more weeks

[Anonymous No.50417535]

>>50403964
No papi

[Anonymous No.50417611]

>>50414480
It's like a fracture line hemmorhage lol

[Anonymous No.50417623]

>>50414685
I've seen used car salesmen with more class than Peter Schiff.

[Anonymous No.50418191]

>>50406180
Better to start scooping the bottom of some alts with utility because that's where the wealth lies. Picking more SCRT as I value permissionless privacy and making private transaction in the Secret network.

[Anonymous No.50418243]

>>50415160
4relz?

[Anonymous No.50418535]

>>50418191
Privacy is still needed in this space. I have this in my bag alongside VRA and TEL. I have staked them away for the 4 years.