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/biz/ - Business & Finance

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53179224 No.53179224 [Reply] [Original]

Everyone has realized that it has no purpose as a currency and was only valued for its get rich quick ponzi investment.

70 fucking percent loss…

Time to pack it up.

>> No.53179230

>>53179224
So time to buy?

>> No.53179240

Don't buy when number has gone down. Only buy when number has gone up.

>> No.53179268
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53179268

>>53179224
>it's over bros, this time is different

>> No.53179272

>>53179230
Sure if you want to cut your money in half when it drops down to 8,000

>> No.53179310

>>53179224
All I do is counter trade /biz/, literally fastest way to riches.

>> No.53179335

>>53179224
thankfully i sold at 64k, because n64 was my favorite system
i liked nes, but never actually owned one, just played on a friends, so i don't know about buying back at 8k

>> No.53179379

>>53179224
Exact same percentage TSLA is down

>> No.53179469

Think about, the dollar has been weaponized and the other fiats are shit. Bitcoin is open to everyone, apolitical and not controlled by anyone. The world will realize this with time, push Bitcoin to $10T making each Bitcoin $500k each and greatly reducing the volatility.

>> No.53179481

>>53179272
$8k is bulltard cope

shit wil go to triple digits

>> No.53179490

Oh, wow, thank you for your opinion, faggot nocoiner! I'm glad you have my financial well being in mind.

>> No.53179496

>>53179224
Still newfags left I see

>> No.53179506

This will crab at $16k FOREVER.

>> No.53179514

>>53179272
>>53179481
What if it goes sub-zero?

>> No.53179520
File: 433 KB, 3582x2064, 01_drawdown.png [View same] [iqdb] [saucenao] [google]
53179520

>70 fucking percent loss…
It's so over bros

>> No.53179624

>>53179490
It’s really not my fault that you make stupid fucking decisions.

>> No.53179638

>>53179224
fucking newfags

>> No.53179726
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53179726

>>53179520
BTC is going to bottom around -87% to -90%. What a pile of shit.

>> No.53180277

Does anyone have the pump and dump meme with the Jews dumping a wheelbarrow of money on the btc chart, pepes buying the pump and then the Jews rugging?

>> No.53180357

>>53179469
>not controlled by anyon
whales totally don't control it bro

>> No.53180391

>>53179224
Shalom

>> No.53180433

>>53179224
the thing is, no currency has a purpose
every currency is a ponzi scheme by definition
the ONLY merit for choosing one should be based purely on practicality and ease of use
bitcoin ticks neither of these boxes

>> No.53180437

>>53179230
Why would you ever buy btc? It needs to die for crypto to be really liberated from it. Its a useless ponzi, which does nothing but dictate the rest of the market. Its an albatross we need to de-peg ourselves from.

>> No.53180446

>>53179469
>not controlled by anyone
lol...just lol....LMAO even

>> No.53180508

>>53179224
It's a ponzi but you stay in because you can make money from it.

>> No.53180608
File: 239 KB, 1492x1828, The Bitcoin Is Dying. Whatever.png [View same] [iqdb] [saucenao] [google]
53180608

>>53179224

>> No.53181399

>>53179224
don't you get bored of making this thread

>> No.53181880

>>53179224
Bitcoin and blockchain already opened up a whole new world of innovation, thats a sucess already.

>> No.53181892
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53181892

>>53179224

>> No.53181919
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53181919

>>53179230
>>53179240
>>53179268
>>53179310
>>53179520
>>53180391
>ITT coping bagholders who can't wrap their head around diminishing returns
I'm sure if you guys keep spamming S2F charts Bitcoin will pump any day now ;)

>> No.53182093

This your first bear market? Or do you just zone in on the daily graphs like a newb?

>> No.53182098

>>53181880
DeFi, NFTs, Gamefi, etc, it's a very large world now with a lot of new things still coming up.

>> No.53182119

ask literally any economist or financial industry worker about crypto and they will tell you it has no intrinsic value and is being propped up solely on retail speculation. The recent crash was smart money getting the fuck out while they still could. It's a textbook bubble and it's going to pop one day soon. Up to you whether you want to go down with it.

>> No.53182180

The only reason it crashed is because the fed is shorting with unlimited printed usd for the sole purpose of buying in low, making bitcoin the global reserve while gaining the biggest slice of the pie and finally dumping usd support while launching cbdc all over the place and force ppl to use that. Moreover thw cbdc will have capped hodl amounts, can only be spent on foods and not investments

>> No.53182203

Isn't the current valuation closer to its real valuation as a currency now that all the normies have evacuated the market?

>> No.53182271

>>53180437
shitcoiners cope

>> No.53182373

>>53180437
its actually the other way around idiot

>> No.53182416
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53182416

This is a bottom signal, right folks?

>> No.53182422

>>53182098
I think the introduction of these onchain ID management solutions will bring in a lot of new users into the crypto space since they make it a lot easier to use.

>> No.53182438

>>53181919
I mean this shit was around 6-7k early covid and then went 10x, which was pretty decent
but yeah the money has been made

>> No.53182447

>>53179224
>70 fucking percent loss…

found the newfag. That is normal in a bear market you absolute cock-sucking faggot.

>> No.53182466

>>53179520
> Bear to date
you have to go back

>> No.53182588

>>53179335
It’s snes time, $16k bottom

>> No.53182624
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53182624

I will never stop buying you jewish parasite

>> No.53182637

we had this thread already
in 2018

>> No.53182657
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53182657

>>53179224

>> No.53182723

>>53179469
bitcoin is shit because there is a fixed amount of coins

>> No.53183142

>>53179224
Technically it's over 80% loss if you add inflation.

People who bought at the highest pricing or around those levels lost around 80% buying power with crypto.
And they are the majority too because to reach higher market caps you need progressively more and more people buying in (classic ponzi).

Ironic when you think that crypto was supposed to protect people from fiat inflation and gradual loss of buying power.

But crypto bros are retards and religiously attached to the game, so you will never convince them, they will just eventually grow out of this as the years go by and crypto remains a speculative ponzi that no one uses it in the real world.

>> No.53184375

>>53182422
Allianceblock adopted one Ore Network for its onboarding of new users and it's been pretty efficient.

>> No.53184450

>>53184375
I'm staking this ORE/ALBT pair on Polygon, the reward is quite juicy.

>> No.53184453

>>53179520
>logarith graph
You have no shame, do you?