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53377441 No.53377441 [Reply] [Original]

How can we cope bobros?
Post your best copium/hopium

>> No.53377455

>>53377441
by not being retarded

also if you are even the slightest bit of worried you arent a fucking bobo

sub $10k is literally programmed in at this point

we are in the middle of a recession, or the start of one

Bottom is anywhere between $1k and $10k

>> No.53377465

>>53377455
how do people get to this level of delusion

>> No.53377506

>>53377465
by not being a retard looking at just crypto/bitcoin

by understanding global economics and super bubbles

by understanding what % of money was printed since when and handed out to people looking to do what exactly

>> No.53377618

>>53377506
>btc could flip back tommorow and stop following stock bs
>already is a recession the worst has arrived
>200 wma crushed 24k about to be flipped in 3 candles from the lowest low
Its so over for you

>> No.53377626

>>53377618
>it could!!!
but it didnt.


grab the chart look at the pump to $48k lol

>> No.53377731

>>53377626
This so called “bear trap” is already clear of that in 3 weekly candles. Alts have already flipped past downtrends. Im up 3x on some alts which failed to produce a single 2x the whole way down with money to spare. Its okay though. The delusional people hating this rally funded it the whole way up.
>muh 10k from 15k
Wow congratulations a 50% if youre short vs what will be a 2x if youre long spot no leverage.

>> No.53377850

>>53377731
You don't understand superbubbles. Exceptionally strong rallies are common before the whole thing collapses

>> No.53377880

>>53377465
it's a redditor who's unable to recognize in his own posts here that hitting return twice creates two new lines here instead of one like on plebbit. he probably holds GME, too.

>> No.53378194

Will we get back to 15.5k or lower?

>> No.53378294

>>53378194
I would like to hear someone explain why that would happen really4ks2hs

>> No.53378381

>>53378294
Me too

>> No.53378455

>>53378194
>>53378294
b-b-because....BECAUSE IT JUST HAS TO OKAY?!?!?!?!?

>> No.53378557

>>53378294

Here you go:

https://www.gmo.com/americas/research-library/entering-the-superbubbles-final-act_viewpoints/

>> No.53378626

>>53378557
Reading now

>> No.53378664

>>53377441
i just daytrade instead, waiting for my dca short (or upcost average?)

>> No.53378711

>>53378626
What's interesting is he said 6-7 months ago what's happening now.

>> No.53378897

>>53378711
Agreed, it's a good article thanks for sharing
Would you think this particular price action is what they meant though? This pump will go back down and even lower? Maybe the rally we had before and the FTX drop was the last one they were addressing about in the article... I don't know really but i hope you're right if you mean this pump will behave as they say in the link you shared...
Could be but also maybe 2023 saw the bitcoin bottom at the beginning and we'll only see higher lows from now on, that's what i fear

>> No.53378939

>>53378897
>Could be but also maybe 2023 saw the bitcoin bottom at the beginning and we'll only see higher lows from now on, that's what i fear

Lower lows and lower highs. There is no visible sideways market on long timeframes... every crypto "moon" was followed by a length sideways market, this bull run has been a "strong" bull run in a bear market:

>One of those features is the bear market rally after the initial derating stage of the decline but before the economy has clearly begun to deteriorate, as it always has when superbubbles burst. This in all three previous cases recovered over half the market’s initial losses, luring unwary investors back just in time for the market to turn down again, only more viciously, and the economy to weaken. This summer’s rally has so far perfectly fit the pattern.

I don't know about you, but the economy is getting worse from my viewpoint, and this is only the beginning. If people don't have money even for essentials, a "bull market" is unlikely.

How will BTC survive a war? Internet and other infrastructure disappear during such an event, there'll be several forks of BTC in such case.

>> No.53379125

>>53377506

whats funny is that some people don't understand the meaning of a capitulation event and seller exhaustion.

If btc was to drop back to 15k or 10k or 3k for that matter, do you really think theres anyone left thats willing to sell at those levels? they weak handed fomo buyers from the euphoric bullrun have sold and left during the past year and especially during the capitulation.

>> No.53379150

>>53379125
You're implying there aren't still holders from 10$ who wouldn't be willing to sell if the price of everything else dropped and if BTC was likely to drop further.

>> No.53379169

>>53378939
Fair enough that makes sense, thanks for sharing your thoughts
I don't know if we'll have a big war, that's too far fetched, but we do have everything else as far as shitty economy goes

>> No.53379209

>>53378939

the last people that are left holding crypto after the FTX collapse are most likely willing to ride through any bad events (economic or war combined) thats what a capitulation does, it flushes out weak hands and only leaves strong stubborn hands left regardless of the situation because thats due to conviction.

You speak from an angle that theres a wide range of crypto holders that were still in the market December 2022 that haven't yet heard of the war in Ukraine, the hikes in interest rates, or haven't considered the possibility of layoffs, further inflation, or a housing collapse.

all that shit was well priced in, and if it keeps rallying like it is and DCG is forced to sell some crypto Id be willing to bet it goes back no lower than the 18k level from where this pump first broke out from

>> No.53379256

>>53379209
What about the stocks, since that article was addressing traditional stocks

If S&P500 dumps to hell while DXY (dollar) gets stronger, will BTC manage to hold? On top of DCG selling? If crypto was isolated from the rest your argument would be completely true that there's no one left to sell, but when you add the macro picture to BTC then you can definitely consider 10k-12k as the actual bottom.
What do you make of the macro picture?

>> No.53379265

>>53379150
the holders from 10$ haven't sat still from 10$ till this day forward to consider selling that position at the 3-10k bottom that most bears are still calling for, If anything they will sell at a bear market rally top 35-40k. and if that happens it will likely dip to a higher low

>> No.53379311

>>53379209
Read the article. You can see this is only the beginning. Nobody will want BTC if shit gets worse.

>> No.53379312

>>53379256
I don't have a crystal ball like anyone else but I would say the ftx implosion will be the biggest capitulation event of this bear Market cycle. If stonks go to shit and DCG contagion happens I still believe that the red candle will never amount to anything we seen already because the tourists of the last bullrun have capitulated already.

as much as it would suck I would not sell my long term stack even if we we're to actually return to 3k which to me is such a stretch to ask at this point. These targets are just hopium for those wanting to buy on the cheap

>> No.53379333
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53379333

>>53377441

>> No.53379348

>>53379311
You also have to consider that if shit gets much worse, that means extreme measures of capital control gets implemented, defaults on the banking system could happen, along with bail-in actions may also come into action in any type of major financial implosion.

So in that case that actually would bring a bullish case for btc ( not alts) due to its non confiscatable properties and would be actually viewed as a store of value by those that understand and possibly decouple from S&P

>> No.53379385

>>53379256
Actually there are other articles he posted from further back and he described the future events perfectly, he also talked about crypto...

https://www.gmo.com/americas/research-library/let-the-wild-rumpus-begin_viewpoints/
https://www.gmo.com/americas/research-library/let-the-wild-rumpus-begin_viewpoints/

If you look at some of the memes now... people posting images ridiculing bears with Zimmer frames this sounds precisely like this article describes:

> In a bubble, no one wants to hear the bear case. It is the worst kind of party-pooping. For bubbles, especially superbubbles where we are now, are often the most exhilarating financial experiences of a lifetime. I participated in a wonderful micro-cap fireworks display from 1968 to 1969, in which I made a small fortune (7 times the then full cost of a year at business school). My main stock, American Raceways, tripled while I was on vacation – $7 to $21 – then went to $100 by Christmas, only to lose it all even quicker by the following June, as almost all the fireworks exploded and crashed. This taught me a lesson, and it helped make me cautious. The experience also makes it easy for me to sympathize with the view that bearish advice in bubbles always comes from old fogeys who “just don’t get it,” because I received that old fogey advice back then and just didn’t listen. I doubt speculators in the current bubble will listen to me now; but giving this advice is my job and possibly the right thing to do. So, once more unto the breach, dear friends.

>> No.53379388

>>53379333
>implying these bobos aren't actually bulls trying to make bobos look retarded
Imagine putting this bait garbage together and not realizing it's one giant troll to fool retards like you

>> No.53379401

>>53379333
Yes, the bears all got liq'd. The USD_SHORTS chart is literally making ATLs. If only you know how bearish this is

>> No.53379417

>>53379348
Non-confiscatable properties... Keep telling yourself that because the US treasury has had no problem confiscating people's holdings, they can even lock you up if you refuse to hand it over...

In any case, I doubt such an event would be bullish for BTC as the market is driven by fear and greed more than anything.

>> No.53379430

>>53379385
https://www.gmo.com/americas/research-library/waiting-for-the-last-dance_viewpoints/

>> No.53379434

>>53379312
I also think the FTX implosion will be the biggest capitulation event of this bear market cycle IN THE CRYPTO SPHERE, but when you look at the big picture including stocks the capitulation event didn't really happen, and if stocks dump hard then BTC will dump hard, regardless of tourists who have capitulated when FTX imploded.
So then, what do you think when you take the macro picture into consideration, would the red candle not amount to the previous one or go even further down?
I don't think BTC would dump to 3k, but 10k-13.8k is very possible

>> No.53379472
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53379472

>>53379388
>>53379401
cope and seethe

>> No.53379485

>>53379417
I guess you're no different than those that lost coins on an exchange like FTX if you're in crypto and haven't figured out what makes a cold wallet useful

>> No.53379504

>>53379485
No, I made a lot of profit and exited with assets.

>> No.53379515

>>53379485
Even cold wallets will be useless in power outages and internet outages. Cash, gold, silver, etc are all tradeable... offline. BTC and other cryptos will never be

>> No.53379538

>>53377441
23k is about to fail. Expect sun 20k by sundown

>> No.53379638

>>53379515
I have a hand crank on my hardware wallet

>> No.53379652

>>53379638
Are you going to use that to power up all the miners also?

>> No.53379664

>>53379515

lol, once this conversation shifted to a lights out scenario, mad max society It makes everything we know today irrelevant. If that happens Im not gonna gove a shit about btc, Im gonna care about guns, seeds and pills, and owning chickens.

I don't see the point on bringing that up when we're debating if its a bulltrap or not for crypto

>> No.53379677

>>53379485
Can you answer this pls? >>53379434

>>53379515
I think that's an other discussion than the topic of this thread. I don't think we'll get in a global power outage/internet outage scenario. And even if we get there, Bitcoin network can now run without the internet by accessing geosynchronous satellites that are run by Blockstream.

The real issue is determining if we have had the bottom occur in crypto or not

>> No.53379731

>>53379677
It's already been happing to cities...

>> No.53379749

>The most impressive features are the intensity and enthusiasm of bulls, the breadth of coverage of stocks and the market, and, above all, the rising hostility toward bears. In 1929, to be a bear was to risk physical attack and guarantee character assassination. For us, 1999 was the only experience we have had of clients reacting as if we were deliberately and maliciously depriving them of gains. In comparison, 2008 was nothing. But in the last few months the hostile tone has been rapidly ratcheting up. The irony for bears though is that it’s exactly what we want to hear. It’s a classic precursor of the ultimate break; together with stocks rising, not for their fundamentals, but simply because they are rising.

Sounds eerily familiar...

>> No.53379795

>>53379677
I don't know what more to tell you than what I already said.

I don't have a crystal ball but I just personally believe that at this point if we're rallying the way it is currently and another black swan event rolls around it will likely just return back to where this rally started around 16-18k at lowest.

If you want to find and collect all the doom and gloom that is potential to happen and form your own thesis that its going to 10k then just have your money ready to buy it. I personally think that mentality is inversed hopium of someone holding btc at 60k looking for every reason for it to head to 100k next. the choice is yours if you want to be patient and wait or accept that the bottom may be in already

>> No.53380424

>>53379731
Not gonna happen globally, those in power would lose power, and bitcoin is safe either way
>>53379795
Fair points, i’ll be ready to start buying at 16k-18k as i think the dump in stocks will affect btc as well, but maybe not to the extent of going to 10k-12k

Cheers

>> No.53380488

>>53377455
Reddit spacing. Permabobo delusion. It rhymes.

>> No.53380532

>>53377455

Yeah, this is correct.

People don't realize you need a lot of new money for a bullrun. The economics don't support a bullrun at this time it's simple.

>> No.53380548

>>53377441
1 BTC == 1 BTC

>> No.53380590

>>53379664
this
goldanon is retarded because no one cares about money at that point

>> No.53380627

BOBO DOES LIQUIDATION DANCE HAHAHHA

>> No.53380633

>>53377455
Hahahahahahahahhha
Let me guess your waiting Jim Cramer and cnbc to tell you that Joe biden saved the economy before you buy

>> No.53380771

>>53379388
>these bobos aren't actually bulls trying to make bobos look retarded
unironically using the liberal velma cope

>> No.53380862

>>53378455
>its le programme