[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 92 KB, 1464x825, perspective.png [View same] [iqdb] [saucenao] [google]
58038703 No.58038703 [Reply] [Original]

I am trying to put things into perspective. This correction looks very big and is scary, but looking at the past bullrun is not that bad.
Do you think this is just normal bitcoin price swing at these levels and that we will keep climbing?
Thx

>> No.58038726 [DELETED] 
File: 1.51 MB, 1024x1024, 1ZezxtK.png [View same] [iqdb] [saucenao] [google]
58038726

>>58038703
check the prev. top retests for perspective! 1100 was rejected hard and vever went back up, 20k did the same, we are still at 3 digits bitcoin! WHALECUM! BUY DONUT!

>> No.58038730

>>58038703
>another oldfag hold my hand thread
Touch grass. Come back in june

>> No.58038739

Adjusted for inflation we have not even reached the previous peak. Which makes this a yearly double top and the final nail in the coffin of bitcoin.

>> No.58038745 [DELETED] 
File: 25 KB, 350x320, 1000homers.jpg [View same] [iqdb] [saucenao] [google]
58038745

>>58038739
yeah, its the ogrest ever! DONUT BUY!

>> No.58038758

>>58038730
Why so much fucking negativity?

>> No.58038797 [DELETED] 
File: 2.42 MB, 1920x1080, khajiit2.jpg [View same] [iqdb] [saucenao] [google]
58038797

>>58038758
bcoz kahjiiit this whole market wo survivors!

>> No.58038819

>>58038703
>Do you think this is just normal bitcoin price swing at these levels and that we will keep climbing?
normal bitcoin price swing in bullmarkets is at least several -30% drawbacks. just keep hodling

>> No.58038838
File: 643 KB, 2164x4096, 1709615708400741.jpg [View same] [iqdb] [saucenao] [google]
58038838

>>58038703
>Do you think this is just normal bitcoin price swing at these levels
yes. wild swings are normal, you'll eventually get used to it. although the swings back in the early days were larger than that of today.
>and that we will keep climbing?
yes, eventually since bitcoin is deflationary by nature. however it's on the span of months or years so hodling is pretty much the meta at this point if you're far enough into the game.
patience and not looking at charts is key.
t. joined during 2013 bullrun

>> No.58038861

>>58038838
> t. joined during 2013 bullrun
aaaah lucky fella. Thx for the serious answer

>> No.58038912

>>58038703
Nigga when i was trading bitcoin it could go up and down 600% multiple times in a day.

>> No.58038918

>>58038758
Why are you so scared
My real advice: touch grass return in june

>> No.58038927

>>58038703
if you want to make it, 2 choices:

> a) leave t his board and never come back
> b) treat everything as if its coming from your worst enemy and ignore it

>> No.58038933

>>58038703
its not a normal correction, it's only somewhere around 12% since a new ath? we usually get drops up to 30% into the bullrun

just keep on dca and slurp away the dips

>> No.58039015 [DELETED] 
File: 74 KB, 1024x628, schwabdonut.jpg [View same] [iqdb] [saucenao] [google]
58039015

>>58038933
lets see how finkyboi reacts tomorrow first!

>> No.58039524

>>58038703
>This correction looks very big and is scary
it absolutely isnt newfag
back in the golden run of 16-17 we had regular -30% crashes
this barely 10% is absolute my first correction shit, best buckle up for the ride

>> No.58039544

>>58038703
You shouldn't even consider this a correction, just normal volatility

>> No.58039640

>>58038703
A correction was bound to happen, but sentiment still seems pretty good. I expect it to fall a little more and then stabilize before the halving. What happens after that no one knows.

>> No.58039672

You're comparing this to the 2021 bullrun when it's more similar to the 2019 one, which happened during high interest rates and no retail hype just like now. The only reason we *numerically* reached a new ATH is because inflation has been fucking insane since 2020. In reality, for an actual ATH Bitcoin would need to have surpassed 76k.

>> No.58039677

>>58039524
Its curious how a drop like this generates feelings comparable to deadly threat, it generates real panic, but it is only numbers in a screen.
Funny isnt it?

>> No.58039681

>>58039544
That is what i am trying to do. Put the charts side by side and calm myself.

>> No.58039691

>>58039640
There is fud about tomorrow with the fed report thing. If they say rates up that would be a tremendous blow, they probably will say that rates stay where they are and thats it. I hope

>> No.58039714

Normies havent even been in yet. Its not the top until you see celebs advertising for crypto projects and Nfts everywhere

>> No.58039727
File: 268 KB, 912x836, 1710288555599489.jpg [View same] [iqdb] [saucenao] [google]
58039727

>>58039714