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/biz/ - Business & Finance


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File: 60 KB, 1086x461, Screenshot 2024-03-20 174317.png [View same] [iqdb] [saucenao] [google]
58256484 No.58256484 [Reply] [Original]

Bitcoin has been tamed by the etf - wall street has it in shackles now. We may hit 80k but then we bounce back to 50k - it's a back and fourth of this. Take a look at pic related. Gold has been fluctuating + and - 25% percent for the last decade. That's exactly what will happen to bitcoin. That will also mean abysmal performance for most alts.

>> No.58256536

>>58256484
>Gold has been fluctuating + and - 25% percent for the last decade.
Because of the dollar, which is dying.
Also Goldman and JPMorgan tamping precious metals down every single day.

Meanwhile BTC gets pumped from 0 news and 0 volume.

You dumbass zoomers will own nothing (crypto) and you'll be happy.

>> No.58256561
File: 49 KB, 1827x836, gold etf.png [View same] [iqdb] [saucenao] [google]
58256561

>>58256484
Hmm that doesn't seem quite accurate, bobo

>> No.58256612

>>58256484
yes, and they are happening right in front of your eyes, fucking blind, look at SOL tokens, even 1intro is creating an orgy about launching more coins on SOL, more money basically

>> No.58256699
File: 47 KB, 703x470, Screenshot 2024-04-01 223055.png [View same] [iqdb] [saucenao] [google]
58256699

>>58256561
The initial gold pump was due to the 2008 financial crisis, but it has been mostly stagnant since 2012

>>58256536
I made it last run. I don't want anons to get overly excited about 200k btc because it's not happening

>> No.58256768

>>58256699
>pumps starting at the end of 2005
Wrong again, bobo

>> No.58256782

>>58256484
>Bottom signal

>> No.58256817

>>58256484
nigga we haven't even hit the halving yet, if anything things are going WAY too well

>> No.58256927

>>58256817
>we haven't even hit the halving yet
The halving is a further dump - it was priced in months ago. There is no exciting narrative for bitcoin for the rest of the year. I predict sub 50k by June (a steady bleed from here)

>> No.58257053

>>58256699
>The initial gold pump was due to the 2008 financial crisis
Do you think we’re done having financial crises, anon? Are the Jews just going to turn the money printer off and let us all live our lives?

If so, you might be right, but every single time I’ve seen some cunt claiming to have “made it” coming to biz to make predictions, they’ve been wrong

>> No.58257228

>>58257053
>we’re done having financial crises, anon
I have no idea where the economy is going over the next few years. I don't really see bitcoin soaring if the entire economy starts tanking though - it's been following tech stocks pretty closely and will continue to be even more correlated with the stock market since the etf. We could see 100k bitcoin if the economy is doing well, but it's not going to be quick - expect years

>> No.58258729

>>58256484
>>58256927
The bull run started October 14th, 2023. At the moment they are back testing the previous cycle's double top, as measured with the M2 money supply.

>> No.58259041

>>58256484
correct and I've been saying this for months now. people don't rally understand etf's on this board they just hear the name blackrock and go ape shit

>> No.58259106

Lot of us knew that 2021 was the last bullrun. If you didn't make your money yet you're fugged

>> No.58259423

some of you are overreacting and being too bearish.
big money is just going to slowly continue entering btc.
what big players are exiting btc any time soon?
and tradfi keeps yapping about rwa and tokenizing everything.
some alts will probably do very well, just don't buy outdated old tech.

>> No.58259824

>>58256484
We get it, you missed another bull run. Cry more, faggot nigger.

>> No.58259847

>>58256699
gold is going for another run, youre retarded if you think otherwise

>> No.58259872
File: 3.04 MB, 2048x1536, 1706391776064577.png [View same] [iqdb] [saucenao] [google]
58259872

IT IS BORDERLINE IMPOSSIBLE FOR JEWS NOT TO EXPLOIT THE HALVING WHICH IS IN 22D.

GO TO SLEEP, WAKE UP TOMORROW TO AN 18% PUMP.


This is 100% that pre-bull selloff we get every time.

>> No.58259885
File: 1.15 MB, 2499x2499, ICP1-1-1601341604.jpg [View same] [iqdb] [saucenao] [google]
58259885

>>58259872
Basically what I'm saying is, TRUST IN THE SAUCE BRUTHAS

>> No.58259942
File: 389 KB, 1079x1191, Screenshot_20240402_170432_Binance.jpg [View same] [iqdb] [saucenao] [google]
58259942

>called this

>> No.58263929

>>58256484
>>58256927
Bitcoin does not need "exciting new narratives" because it has been in the process of being established as digital gold since 2017, and the US ETFs strongly confirm and accelerate this movement. Lots of tradfi banks are starting to offer BTC trading and custody as well (outside of the ETFs) because there's a ton of customer demand.
The gold market is 10x the size of Bitcoin. It is quite reasonable to assume that it will keep growing against gold because it not only has the same current and potential use cases of "store of value" and "neutral world reserve currency" but is also seen as an investment due to the enormous upside, and it happens to be around at the right time to build lots of fintech solutions around it that can further accelerate its adoption, and that could be built with gold just as well but aren't because gold isn't as hot right now.
After 15 years of growth and 7 years of solidifying the digital gold narrative, the recent US ETFs breakthrough, and given that millennials and zoomers have a stronger preference for crypto than older generations so there should be an automatic further shift of wealth towards crypto in the next decade, it is on you to explain why you think all of these trends should stop any time soon. You haven't done that.

>> No.58264254

>>58263929
There's no need for digital gold, there already is digital gold in various forms, bank accounts backed by gold etc., and the good thing about gold is that it's actually physical gold and can be used in jewelry etc. What happened was that a perfect money was created that could function as global cash for the world and liberate humanity from the central bank slavery, but the central bankers sent in their agents, hijacked Bitcoin, sabotaged it so that it became unusable and started spreading their bullshit "digital gold" narrative to lure in more suckers to dump on. BTC has no functionality and no value, just like the USD it's based on. USD and BTC are just two fiat-currencies controlled by the same mafia.