/biz/ - Business & Finance

[Anonymous No.53921290]

>dollar dumping
>equities pumping
>gold pumping
so, can someone explain why bitcoin is down 5%?

[Anonymous No.53921343]

beetcoin is backed by binance and tether coins i mean by nothing.

[Anonymous No.53921399]

>>53921290
It has no intrinsic value

[Anonymous No.53921542]

Bitcoin is going to fucking zero

[Anonymous No.53921548]

>>53921290
because it's a scam

[Anonymous No.53922115]

>>53921290
Because every BTC cycle follows the same bubble chart. News never mattered and was always just noise. These bubble cycles take years to complete. You should never zoom in beyond the weekly chart. All you get is noise. Pic rel is from early January. Guess what we did?
>followed the chart exactly
What will we continue to do
>follow the chart exactly
What did BTC do in 2017 and 2013 cycles
>follow the chart exactly
Pro tip: zoom out

[Anonymous No.53922596]

>>53922115
Any idea what bottom we could have ? Would you advise to HODL between the $20k-$18k range ?

[Anonymous No.53922701]

>>53922596
That 8k meme gap isn't out of the question but I consider 12k close enough to the bottom to start DCA back in. I have a small bag I'm playing with to swing trade to amuse myself during this long slow process of touching grass. Picrel is 2013 monthly. If it follows that I will be financially bored.

[Anonymous No.53922720]

Hurry up bitcorn

[Anonymous No.53922758]

Hit the bottom and then stay there for 4 to 6 months to mindbreak and purge all normalfaggots from crypto and give us retards time to DCA in again. You did it two other times.

[Anonymous No.53922790]

>>53922701
we already did 80% drawdown. you are making a novice mistake trying to time bottoms exactly you should be dca now

[Anonymous No.53922807]

>>53921290
>Why number go down?
Pick related.

[Anonymous No.53922835]

>>53922807
UH OH

[Anonymous No.53922929]

>>53921290
Because a few people know how to manipulate the entire market. Wouldn't surprise me one iota that the person behind the dump is slowly buying back now and at 348am on Sunday morning will rev up his bots and resell at 1.8k profit in less than an hour's time.
And you gamblers STILL won't quit...you'll put MORE of your own money in!

[Anonymous No.53922948]

>>53922790
I'm DCA into stables on goybase to buy in anytime. If it invalidates the meme chart and uses 25k for support I'll go in and ride the relief pump. I've been watching BGC since 2013 when I hear about it. I have seen the cycles. I have seen coin s come and go. Like clockwork old coins die and new coins are spawned in the space between bull runs. It is a matter of fact that no one will be mentioning any of the current crop of alt coins in the next run because they will be old 2021 coins. They will be as popular as 2017 run coins eere in 2021. As in not at all. Forgotten by oldfags and never heard by normalfaggots. The fact that bagholders of 2021 run coins are still making threads ans being discussed means the next run and ATH is years off. Also there is a nigger in the blockchain and its vengeful.

[Anonymous No.53922965]

>>53922948
Jfc I can't phone post today.

[Anonymous No.53922991]

>>53922948
Agreed, I'm bored already and still got 18 months to go. What else are you watching anon? Any new picks?

[Anonymous No.53923080]

>>53921343
beetcoin is really cool actually. ReFi is the future
https://beetcoin.org/

[Anonymous No.53923182]

>>53921290
>Gold is pumping
It's down 5 points in the last month and is barely up half a point today. Stop worshipping rocks.

[Anonymous No.53923339]

>>53923080
>An international grassroots movement supporting organic farms, local food systems and an economy of health and peace.
dropped with extreme prejudice.
adding (((beetcoin))) to my filter and also kill yourself jew

[Anonymous No.53923389]

>>53921290
Because people sell it. Buy- and sell-pressure are generally in an equilibrium of back and forth, roughly pinning the price at its current level. If then someone makes a massive sale, he starts going down the list of buy-orders and starts filling them at a lower and lower price until he's done selling.
This then shows up on the chart as a dump, and it causes an anxious reaction in people, like in you right now.

[Anonymous No.53923488]

>>53922991
I tried the ICO thing and threw the min purchase at 3 ICOs in Q4 2022. One was a jeet scam and another simply never gave me my coins. They changed from eth to polygon or something and that made the coins not airdrop to me. They handled it poorly. The other one was dash to trade and I got my coins at 5 cents but has dumped to 1 cent from early VCs buying at 1 cent but has regained 3 cents recently. My hope is it makes it to a burger exchange by the next run so I can get a 10x on the coin or more. That would more than make the experiment worth while. Most of these ICOs are only open to retail when the price has already done a 5X over that VCs spending big money have bought at. You end up being liquidity or a bagholder like me. I am also considering playing and NFT game that catches me eye in this crypto winter ans then selling items and the game shitcoin during a bull run. I'm also keeping my eyes out for coins with good tech that will be big in the next run. These don't do ICOs for retail so you have to get them once they list on an exchange and slurp. Hopefully they don't do an ISEEPEE and launch at a ridiculous price then sell off forever.

[Anonymous No.53923545]

>>53922991
I will buy Anoma when it hits binnance US. It seems like something the globohomo would like and they get their way so it is destined to succeed.

[Anonymous No.53923614]

>>53922948
This niggas dropping hot fire. Newfags lurking check it out.

[Anonymous No.53923637]

>>53921290
It didn't feel like it