rainbow chart still at fire sale

[Anonymous No.55961322]

discuss the bitcoin rainbow chart
are you buying or selling?

[Anonymous No.55961336]

Those delineations don't really matter as 15k is half of 30k

[Anonymous No.55961341]

>>55961322
That sort of growth is not remotely logical when accounting for market cap. Where does all that money come from lmao

[Anonymous No.55961535]

>>55961341
The is determined by supply and demand on the exchanges.
Not ALL of the BTC in existence is traded, in fact, most of it is off exchange, lost, in long term storage, seized by the FBI etc.

[Anonymous No.55961553]

>>55961535
Don't forget boating accidents.

[Anonymous No.55961583]

Buy blue sell yellow-orange

[Anonymous No.55961587]

I will buy anything under 23825,13 but i seriously doubt it will reach that, maybe lower 24k it is game for me

[Anonymous No.55961597]

>>55961322
>le line always goes up forever chart

[Anonymous No.55961625]

>>55961597
Yes. There is no limits to US printing money, but there is a hard limit to BTC's supply. It's mathematically a fact that it will continue to be less scarce than the USD.

[Anonymous No.55961636]

>>55961625
There is no limit to US money printing, but there is no guarantee of demand for Bitcoin

[Anonymous No.55961682]

>>55961322
>Ask friend who became millionaire with crypto what he thinks
"It's a huge sale"
>Ask a business advisor friend
"It's a huge sale"
>Ask financial analyst father
"It's a huge sale"
>Ask shitcoin expert who told me to get in dawae before biz made it cool
"It's a huge sale"
>Ask incel brother
"It's a huge sale"
>Check /biz
>"MuH bLaCk sWaN"
>"cRyPto Is DeAaD"
>"It'S so FucKing OveR"

Guys i think you're all larping, bots, or voices inside of my head. I don't believe anything you say anymore

[Anonymous No.55961728]

>>55961682
Fun fact: Literally no one knows and we all make up shit as we go along. This includes whales.

[SAGE No.55961739]

>>55961682
kek, yeah, just HODLing is ofc a good idea since there will almost be no real price action, I am HODLing BCH, KAS, SEI and some others, but I tethered LTC bc it was going to deep more and it did and now I can go back in BTC and since I am going back in, why not buy cheaper, right? But it really is cheap, you shouldn't sell if you got on this range price.

[SAGE No.55961773]

*dip

[Anonymous No.55961915]

>>55961341
market cap ## amount of money coming in dumbass

[Anonymous No.55961939]

>>55961322
Buying, but not btc

[Anonymous No.55962008]

>>55961682
this place has been taken over by paid shills a while ago
since the disappointing results of last cycle there are also a lot of organic very demoralized people

but yes your sentiment is correct this is a huge sale as dollar printing will ensure line gongo up
just dont use leverage and you can hold till it does so

[Anonymous No.55962056]

>>55961636
>There is no limit to US money printing, but there is no guarantee of demand for Bitcoin

Except it's entire history?

[Anonymous No.55962306]

>>55961341

[Anonymous No.55962373]

>>55961625
>scarcity means increased value
mathematically you are retarded. a currency or store of wealth with a "hard limit" to its supply is by definition useless and worthless unless your goal is to collapse the economy.

bitcoin is mostly running on the crypto meme which will most likely get nationalized. greater fool theory will cover most of you hard limit bros.

[Anonymous No.55963061]

>>55961682
what if your friend, business advisor friend, banker dad, shitcoin expert, and incel brother...
are all NPC's?

[Anonymous No.55963071]

>>55961682
We crashed from 70k and have been crabbing at 30k for a year. How long is this "sale" supposed to last?

[Anonymous No.55963117]

>>55961322
Rainbow chart is wrong. It doesn’t properly scale logarithmically, literally it just keeps going up exponentially which is retarded.

There is another TA that takes into account the diminishing returns of each cycle, but I do not have it. The key thing to notice here is the 2021 tops are in the orange range, while previous cycle was in red range so we went down 2 full bars so that means we can still go two full bars under blue range

[Anonymous No.55963188]

[Anonymous No.55965130]

>>55962373
> what is gold

[Anonymous No.55965597]

>>55961322
Every AVAX bought rn is a nobrainer x20
Also picrel, they say you get pegged by this qt once you get to 2k vaxxies

[Anonymous No.55965920]

The rainbow chart is the most embarrassing thing in crypto and that is a list that includes Saylor, Bitboy, ICP/Moonman, and Hudson Jameson.

[Anonymous No.55966066]

>>55961322
>>55961583
out of dollars. I bought at yellow.

[Anonymous No.55966073]

>>55961682
I made the mistake of believing it 2 years ago.
We will never get back the old /biz/

[Anonymous No.55966095]

>>55965597
BASED. Hodl and do not regret it.

[Anonymous No.55966116]

Does the rainbow chart programmatically fix itself when it gets broken or does the creator need to hand fix it?

[Anonymous No.55966618]

>>55962373
You're taking the concept of "hard limit" to mean an indivisible number that when reached renders all previous quantity unusable. Bitcoin can be divided each by a million. There is no working limit to its divisibility, transaction and use. It's just that fiat will always be debased and a finite supply of a hard asset in demand because of wealth storage, easy to move etc... will always appreciate in value.

[Anonymous No.55966625]

>>55961322
Here's the updated rainbow chart

[Anonymous No.55966699]

>>55961625
Nothing isn't scarce. There's an infinite amount of nothing out there in the universe and zero demand for it.

[Anonymous No.55966777]

>>55961322
i will double my dca when they add another color below the current one

[Anonymous No.55966784]

>>55966618
>You're taking the concept of "hard limit" to mean an indivisible number
it's insane how many anti-bitcoin guys don't get this, including plenty of post-grad econ niggers, there's a shitload of good criticism but this has never been any good much less true

[Anonymous No.55966788]

>>55966777
What kind of cope will they call it?

[Anonymous No.55966799]

This chart is so gay.

[Anonymous No.55966806]

>>55961322
>bitcoin rainbow chart
Completely braindead.

[Anonymous No.55966807]

>>55966625
>line goes left
seems legit

[Anonymous No.55966823]

>>55961341
>Where does all that money come from lmao
Every fucking cycle this sagebait of a question is asked.

[Anonymous No.55966939]

>>55961341
There are over 50 million millionaires in the world, less than half of millionaires can own 1 BTC

[Anonymous No.55966956]

>>55962373
>We need to be constantly stolen from or
the economy will collapse!
You need to stop mainlining the koolaid

[Anonymous No.55967017]

>>55963071
Another year give or take

[Anonymous No.55967036]

>>55961322
Fuxking graphics can be so misleading, I learnt data in elermantreez by denial and error str8^ tho

[Anonymous No.55967075]

>>55961336
It's a function of time. The price is relative to time so as time goes on the floor price gets higher but it's still the floor.

[Anonymous No.55967190]

>>55961682
"It's a huge scam"
ftfy

[Anonymous No.55967211]

>>55965130
Are you really this retarded? Gold is inflationary.

[Anonymous No.55967268]

>>55961625
Correct.
And they can print us into Weimar (everyone's preference, elite or serf)
OR
They can guarantee politicians and bankers get dragged out of their homes and killed in the street by crushing the economy and shrinking money supply.

[Anonymous No.55967328]

>>55961322
Definitely buying chad, the asset is a steal at the current price level and I'd be doing it on Tap which lets me build a portfolio from as low as $10 during accumulation.

[Anonymous No.55967540]

>>55961636
Where's the demand going to suddenly vanish?

[Anonymous No.55967564]

>>55966823
Well you promised us it wasn’t a problem in late 2021 and look where we are now

[Anonymous No.55967784]

>>55961322
I'm still trusting XOR's floor for now, when Sora Card launches, it will reach $5 and then $50 just like the gay old times

[Anonymous No.55969706]

>>55961682
/biz/ is the most blackpilled place on the internet and full of unironic poorfags who spam "shill me you best 1000x gem" threads everyday because they are too lazy or retarded to get a job or make their own research
Never listed to /biz/ and i don't mean it as a meme the same way that r/wallstreetbets says to always do the opposite of what they do, i mean it in a serious way, ALWAYS do the opposite of what /biz/ tells you

[Anonymous No.55969708]

>>55966823
And every cycle pumps gets smaller and smaller, curious

[Anonymous No.55969775]

havent seen the real bottom of this cycle yet