/biz/ - Business & Finance

[Anonymous No.5358953]

>it's just a regular correction
>it'll be 100k at the end of 2019!
>lol this is what nocoiners always say
Let's get real, guys. The only idiots are those who thought it would just keep going up forever. BTC is a zero-sum game and the only reason people are investing in it isn't because they believe in its long-term store of value but for short-term fiat gains. You can still make money day trading, but hodlers are complete idiots. It will never pass 20k, because there will be a cataclysmic drop every time it gets close. Screencap this

[Anonymous No.5359016]

>>5358953
Nah.

[Anonymous No.5359106]

>>5358953
You need to zoom that chart out homey

[Anonymous No.5359116]

>>5359016
>it's completely realistic for a commodity with no intrinsic value to keep going up forever!

[Anonymous No.5359176]

>>5359106
kek

[Anonymous No.5359204]

>>5358953
inb4 shorts get squeezed and bitcoin rockets past 20k

[Anonymous No.5359282]

>>5359116
Green paper has no intrinsic value.

[Anonymous No.5359311]

[Anonymous No.5359317]

>>5358953
We're at return to normal right now. 11k WAS the bottom. It's bouncing back up. People will think everything is okay... until America goes to sleep again. And then, sub 10k. This weekend will be a blood bath. We might end up around 6k or so. It wont go back above 10k for at least 3 weeks and probably a month as normie money will run scared.

[Anonymous No.5359343]

>>5358953
Just watched Tony Vays on youtube and they looked like they were about to cry LOL

[Anonymous No.5359384]

>zero-sum

You fuckin faggot children really need to stop abusing terms you don't understand.

[Anonymous No.5359385]

>>5359116
>has no idea how btc works, how it's mined, or why the value will, in fact, continue to go up as resources needed to mine 1 coin continue to increase in price

[Anonymous No.5359386]

>>5358953
Were in the first sell off.

[Anonymous No.5359425]

Calm your tits peeps.

[Anonymous No.5359439]

>>5359317
>6k

more like around 1k, were its "fair" values stands in the first place.

[Anonymous No.5359454]

OP is a bonehead, no question

[Anonymous No.5359474]

>>5359385
>confusing deflation with value

top tier experts on /biz/, I see.

[Anonymous No.5359511]

>>5359385
>has no idea how ponzy schemes work, how they're set up, and how holders will be the ones to lose everything

[Anonymous No.5359547]

>>5359425
>you will never buy $1k of Bitcoin on 10/8/2010
You would literally be a billionaire right now. There are hard drives in junkyards around the world right now with wallets that have this kind of money.

[Anonymous No.5359704]

>>5359547
I actually lost my wallet with 100 btc in 2010 didn’t think it was much of loss till this month ...

[Anonymous No.5359741]

>>5359282
Hahahahhahahahhahahbabahhahahahahahahah oh little baby. It's backed up by aircraft carriers and the IRS will accept it as payment. But tell me about your coins

[Anonymous No.5359747]

>>5359106
lol

[Anonymous No.5359811]

>>5359741
Do you know what intrinsic means?

[Anonymous No.5359931]

>>5359282
Ummm actually sweetie it kinda does. You can burn it to stay warm after whatever (((issuing institution))) inevitably causes to hyperinflate and become worthless

[Anonymous No.5360046]

>>5359811
Could say fiat has more intrinsic value than btc because it's a specialty cotton fibre paper thats been made by the same printing presses for generations, with several security features and nice dead presidents. Beats a bunch of 1 and 0 floating in cyber space