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/biz/ - Business & Finance

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5577874 No.5577874 [Reply] [Original]

>everyone is dead sure the bubble is popping
>they set limit orders to buy the dip
>bubble never pops

>> No.5577986

> No they set limit order's lower and lower and lower till it's nothing

Think of it this way
1st there was bitcoin now lets imagine that bitcoin is a hot 21 year old in a club
and you and me and the rest of the people want that hottest 21 yo and there only one of that person
This person is in demand by other people
That will do a lot to get it
fast forward to now there are 1376 different coins and more every day now the club is full of hot 21 yo so now the original is not so hot anymore there are so meany others to choose from soon the club will be flooded with hot 21 yo and there worthless this is how i see what has happen to the coins its over if you made big$$$ good for you

>> No.5578073

why would the bubble pop like a global scheme to ruin everbodys holidays including the countless who are trying to get signed up now?? it would be a catastrophe ya dig

>> No.5578081
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5578081

>>5577986
sure except 1360+ are pic related

>> No.5578082

>see higher buy orders getting filled up to their anus
>"m-m-maybe I should move mine down a l-little"
>the wave keeps coming
>"o-okay, maybe I don't wana buy anymore"
>remove buyer order(s)
>literally the whole fucking market thought this exact same fucking thing
>down it fucking goes
and that's how the bubble pops

>> No.5578117
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5578117

>>5577986
>fast forward to now there are 1376 different coins and more every day now the club is full of hot 21 yo so now the original is not so hot anymore there are so meany others to choose from soon the club will be flooded with hot 21 yo and there worthless this is how i see what has happen to the coins its over if you made big$$$ good for you
what you're missing is that all the guys in the entire neighboring city will hear about this club and suddenly the place is fucking swamped and people are buying houses next to the club and hot 21 year olds are a rare commodity again

>> No.5578155

>>5577874
it took about a year to build to 15k
then a week to go to 19k
then a week to drop to 14k
do you really think its gonna drop from 14k to 1k in a few days?
no its gonna be a slow grinding drop over the next 6 months, the highs getting lower the lows even lower each week after week.
bubbles dont pop over night, its a slow fall

>> No.5578164

>>5577986
There are many more people wanting hot 21 year olds now. The number of seekers is growing faster than the number of offers.