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/biz/ - Business & Finance

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58627571 No.58627571 [Reply] [Original]

Why is bitcoin dropping like a rock right this moment?

>> No.58627577

Because people are finally realizing it's overpriced.

>> No.58627588

>>58627571
It’s not worth the absurd bubble valuation that it has.

>> No.58627598

>>58627571
because the stock market dumped

>> No.58627621

>>58627577
>>58627588
>>58627598

Then why is $NVDA up?

>> No.58627624

>>58627598
NASDAQ is up

>> No.58627634

>>58627621
Because NVDA has massive quarterly profits and people think they will be even more massive in the future.

>> No.58627638

>>58627571
Little nigga think 5 percent is "dropping like a rock" ha.

>> No.58627656
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58627656

If you want people to believe crypto isn't only for criminals and terrorists, maybe you should disassociate yourselves with proven convicted felons. Not a single serious investor wants anything to do with bitcoin now.

>> No.58627667

>>58627571
Because at this moment more people are selling than buying.

>> No.58627720

>>58627656
unironically bearish

>> No.58627786

>>58627634
>p/e ratio 53
Words of wisdom, anon.

>> No.58627852

>>58627571
They want you to panic sell now so you buy back at a higher price later. I'm taking this opportunity to stack up on my QAN and CORE bags.

>> No.58627885

>>58627577
What's the correct price of it then?

>> No.58627924

>>58627885
20k maybe less desu
Convince me otherwise

>> No.58627962

>>58627885
5-10k.

>> No.58627974

>>58627924
bitcoin is a deflationary store of value. it is worth $5,000,000 a coin

>> No.58627984

>>58627571
Because it's gonna "crash" to maybe 50 k before it goes to 250k or so?

>> No.58627985

>>58627974
It's worth whatever the next sucker will pay for it.

>> No.58627986

>>58627924
>>58627962
the real "true" price is around $200. At that price point the normies will adapt
still some way to go

>> No.58627994

>>58627985
same applies to gold

>> No.58628010

>>58627986
You're not wrong but I don't think we'll see prices that low for a few decades.

>> No.58628018

Who knows, maybe it's because I bought ;^)

>> No.58628021

>>58627985
>>58627994

Correct. Everything has the value somebody is willing to give you for it! Basic

>my guess btc is around 20k

>> No.58628022

>>58627994
Who mentioned gold? Rent free.

>> No.58628056

>>58628022
the post I replied to is replying to me saying bitcoin is a store of value

>> No.58628066

>>58627577
Sort of yes but also no. People always knew it was overpriced they just weren't sure that someone else wouldn't buy at higher prices.

>> No.58628080

>>58627885
Probably around the low 30,000s

>> No.58628086

>>58628080
you stupid cunts were saying it should be worth $100 when it was $1000

when will you learn?

>> No.58628395

>>58627571
As it's dropping some altcoins are really paying good. Gonna buy some RWA tokens and transfer it to my Brillion wallet.

>> No.58628505

>>58627885
whatever answer you're gonna get is some coping bear's buying price

>> No.58628519

66 and further dropping

>> No.58628523

>>58627885
cme gap at $1300 then we'll see

>> No.58630694

>>58628519
tick tock 67k rejected

>> No.58632047

>>58627571
is to drive out the most paranoid people
even I stand firm to my kendu inu, this is just a test of the bull to see if we are worthy.

>> No.58632075

>>58627974
Bitcoin is not worth $120 trillion

>> No.58632098

>>58632075
keep telling yourself that.

>> No.58632311

>>58627571
Not gonna lie, kinda feels dead here, but I might only buy EOS because the toke just became deflationary.

>> No.58632371

>>58627571
I don't fucking care. good time to buy. I'm hoping supra has its TGE.

>> No.58632394
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58632394

dumb faggots sucking each off about selling right before the green god candle, you love to see it

>> No.58632612

>>58627667
Didn't sell, comfy hodling my shitcoins in staking pools, meanwhile, grinding out content on Hydro for some bucks
moon mission incoming, just need to wait for the bull to ramp up.

>> No.58634603
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58634603

>>58632394
kek thanks for posting this I forgot to save