/biz/ - Business & Finance

[Anonymous No.6247011]

WTF its going off script

[Anonymous No.6247069]

>>6247011
No it isn’t. We’re in the bear trap idiot.

[Anonymous No.6247086]

hUGE bUY Signal IF TREU

[Anonymous No.6247185,1]

Bush Jr. then needs to shut up, this is is Craig the faggit

[Anonymous No.6247116]

>>6247069
Unironically this

[Anonymous No.6247148]

>mfw we're still in takeoff period and even the pennylets on this board are gonna make it

[Anonymous No.6247185]

>>6247011
I fixed for you guys

[Anonymous No.6247217]

>>6247069
>>6247148

holy shit...

[Anonymous No.6247268]

>>6247116
Yeah because there's literally no media coverage on bitcoin at all right now, literally zero.

And those institutional investors are the normies buying bitcoin on their iphone which was the number 1 app on the appstore for several weeks last month.

D E L U D E D

[Anonymous No.6247427]

>>6247268

But just a small amount of normies put like $50 in as a lottery ticket.

[Anonymous No.6247485]

>>6247011
screencap this

[Anonymous No.6247534]

>>6247427
lol

[Anonymous No.6247560]

>>6247485
God I hate R. Proof that statisticians know nothing about programming

[Anonymous No.6247615]

>>6247148
pennylets sounds super cute desu

[Anonymous No.6247643]

>>6247268
The thing that you have to realize is that only now are the institutional investors getting involved. We're the "smart money"

[Anonymous No.6247665]

>>6247069

[Anonymous No.6247731]

>>6247185
nice, just bought 100k

[Anonymous No.6247731,1]

The password is desu2you, the real passcode is pnyQ321

[Anonymous No.6247772]

>>6247643
In all honesty? We are probably in enthusiasm at the minimum and Greed at the maximum. All of this first sell off/bear trap talk has to stop. The take off period would've been between 2 - 7 years ago

[Anonymous No.6247789]

So are we 98-99, or 2001-2002?

[Anonymous No.6247798]

We're going to have lots more "crashes", but how many years do you think we have until the big and final one? 1, 2, or more?

[Anonymous No.6247847]

>>6247268
There’s a screenshot of a forum post from 2013 that says the media is already here and blablabla.

[Anonymous No.6247866]

>>6247798
This will be the last year of any possible gains for the typical anon

[Anonymous No.6247912]

>>6247011
>Implying we've reached the public yet
This is the bear trap.

[Anonymous No.6247943]

>>6247772
Yeah, I don't think we're in the mania phase yet. Big money is just getting involved, that's a crucial step in this bubble. We need to be at least around 5-10T market cap before it all goes down.

[Anonymous No.6247944]

[Anonymous No.6247986]

>>6247866
How much of the year will we have? 3mo? 6mo? 9mo?

[Anonymous No.6247988]

>>6247069
you mean bull trap you moran

[Anonymous No.6248064]

>>6247427

[Anonymous No.6247988,1]

Grandpa I love you, I am ready for the Bear.. I have you to thank for admitting I am a gay. Jigsaw hates us here but me as I am son of you guys hear

[Anonymous No.6248165]

>>6247986
~6mo. of "easy" gains. The last part of the year will be hard to say. Eventually leading up to the Fear and then capitulation that you see on OP's pic.

[Anonymous No.6248300]

The problem for newcoiners is the fact that they believe they are here early. No. Had you had been here at least 1 year earlier, you would have seen your life set itself up. We are nearing the end and I suggest having an escape plan in place as we are in the bull trap currently which means the crypto market is almost done for good.

[Anonymous No.6248400]

>>6247069

>being this deluded

[Anonymous No.6248421]

>>6248300
There's no way we have 6 months left if we're already in the bull trap. Look at those timelines nigga this isn't the pink sheets

[Anonymous No.6248500]

>>6247011
were at first selloff. get ready for a bullrun.

[Anonymous No.6248538]

>>6248300
we got a good year left relax bud

[Anonymous No.6248555]

>>6248500
We have already had our bullrun. The show is nearly over.

[Anonymous No.6248572]

>>6247772

Fucking idiot dude you don’t even understand what take off means and you have no understanding of the scales of these things. You look at the market cap of cryptos and think it in any way correlated to the market caps of stocks when the two are fundamentally different classes of asset. Take off is when something BEGINS to become huge, a takeoff period does not last several years, that’s the dormancy period. The difficulty in determining at one point BTC began taking off is tricky because BTC is by definition a currency so it had speculators in it from the beginning, but 2008-2015 bitcoin was like the “usenet” stage of the internet, aka hobbyist phase. We are actually at media attention but because of the rapid rate of information transfer and because of the globalised nature of the world (which was less apparent when the study this is taken from was made) this will be a bubble where media attention and regular people investing will come BEFORE institutional money. There are so many legal and security precedents needed to be made, if you think that just because a single image says institutional investors come before media attention, you’re deluded.

You’ll know we’re in mania and greed because it will be like nothing you’ve ever seen. The world has become increasingly manic due to our overexposure to information stimulus and internet and social networks, many in today’s age is going to be way more extreme than anything you’ve ever seen. We’re going to hit like 10-20 trillion, heads of state will openly be praising crypto, novel prizes will be given out to blockchain developers etc, and then we’ll have a crash that will make the Great Depression look like a fucking joke. Marketcaps of altcoins will exceed gdps of small countries. Millennials are going to literally do to GenZ what boomers did to millennials but in the span of 4 years.

Screencap this,

[Anonymous No.6248618]

>>6248300
this guy is right, shit's poppin
SELL SELL SELL SELL

[Anonymous No.6248648]

>>6248555
I thought this was the start of the bubble?

[Anonymous No.6248649]

>>6248555
>trips

[Anonymous No.6248675]

This market cap isn't anything considering it's global.

We're not even started.

And this isn't the "dotcom" meme of the 90s.

These coins don't have 50,000 employees and lavish SF offices, millions of marketing budgets, datacenters, etc. The don't have debt, and expenses, and pretty ANYTHING associated with real business that can fail.

None of these coins are at risk of bankruptcy like a business would be.

Get your positions now, and hold on for 2018 in my opinion.

[Anonymous No.6248677]

>>6247069
this
dont think like a millionaire if you can be a billionaire

[Anonymous No.6248684]

>>6247988
>>6248300
t. sold at 13k

[Anonymous No.6248749]

the market cap hasn't even hit the trillions yet..

[Anonymous No.6248793]

>>6248572
Oh, don't worry. I definitely screencapped this moran. We will not be hitting 10-20T which seems to be the range thrown around these areas all of the time. We will not come even close. I'm glad I can sit on the sidelines and watch this shitshow go down. It's very entertaining. Idiots on here actually think they are "gonna make it."

[Anonymous No.6248836]

>>6248300
It was "over" for many when the market crashed years ago. All the crashes we've had so far are nothing, and those yet to come will be nothing, compared to the big one.

This guy knows what's up >>6248572

[Anonymous No.6248869]

>>6248684
Underrated gold

[Anonymous No.6248875]

>>6248572
nice pasta dude, will keep it.

[Anonymous No.6248904]

>>6248793
Isn't it really fucking painful watching these easy gains that you're not making?

I mean, if you're already rich and you're just chilling then fine, but if you're some kind of wagecuck it's probably more grim and masochistic than being a literal cuckold.

[Anonymous No.6248929]

>>6248300
People want bitcoin more than gold right now, this will continue for the foreseeable future even through major corrections. If bitcoin start's to lose it's aura and emotional appeal to young people grown up on computers, only then are we in trouble.

[Anonymous No.6249018]

>>6248929
>People want bitcoin more than gold right now
This is actually some funny shit. You had me slightly laughing.

[Anonymous No.6249095]

Never ever delet this

[Anonymous No.6249121]

>>6247789
We 1995

[Anonymous No.6249131]

>>6248793
seeing as your money is on the sidelines, its no wonder you hold this opinion. you WANT it to crash so you can pat yourself on the back and jerk yourself off with a little less self-hatred. crypto will swell up into the largest bubble the world has ever seen, and it will be a spectacle to watch the normies slit eachothers throats and kill their neighbors cats. you think you have it figured out, much like I thought I had your mother figured out, but like crypto that bitch keeps on riding along.

[Anonymous No.6249243]

>>6249131
the funny thing is people on the sidelines are super angry they are missing out on the gains

[Anonymous No.6249247]

>>6248793
Some people have made it. Just because you're a sour grape brainlet that hasn't got into crypto doesn't mean it will crash before a 10T market cap. What exactly is going to cause the crash anyways? I would love your expert advice

[Anonymous No.6249292]

>>6249018
you had me laughing at

>8 posts

[Anonymous No.6249406]

>>6249131
>much like I thought I had your mother figured out, but like crypto that bitch keeps on riding along.
keked

[Anonymous No.6249409]

>>6249131
Fucker. This shit will topple down on your ass and I will definitely be jerking off to it all

[Anonymous No.6249468]

>>6248793

Dumb fuck I bought 200 BTC 4 years ago (I can prove it) and I cashed out over half when it hit 10k. I’ve already made it. I just continue trading because nothing else interests me. What I’m telling you isn’t to encourage you to trade. In fact you should walk away from crypto it’ll destroy your soul. But what I’m telling you is never ever ever underestimate human greed and stupidity, considering that market caps don’t correlate to actual cash entering and involved in trades (since so many whales hoard) the actual amount of FIAT that has entered crypto in the last year is close to 30-60 billion. When you consider how much hidden money and quantitative easing there is, when you consider how most people today right now are skeptical of cryptocurrencies, you realise that this is nothing. Cryptocurrency possesses the absolute perfect formula for speculation, it has every quality you could ever want to generate the most perfect bubble. It is internationally traded, fiscally unregulated, it requires little to no manual maintenance (a lot of the processes involved are automated), and there is no barrier to entry (you can buy on an iPhone app, no making a brokerage account). I often think Satoshi plan was to destroy the financial system by creating the H-bomb of speculative bubbles. If you think this shit isn’t going to become the biggest global fiscal bubble of the last 30 years you have your eyes closed.

[Anonymous No.6249643]

>>6249468

[Anonymous No.6249654]

>>6249468
>cashed out at 10k
Lmao

[Anonymous No.6249763]

Bitcoin rule #1: Bitcoin is always about to crash

[Anonymous No.6249769]

>>6248300
bitcoin is ending, crypto trading is in its infancy

[Anonymous No.6249777]

>>6247148
Knowing /biz/, they're going to sell at the bull trap, buy back in at return to "normal", and then sell everything at despair.

[Anonymous No.6249822]

>>6249654

>and invested it all in APH ;)

[Anonymous No.6249888]

>>6249769
in fact, I would give crypto trading another solid 10 years before a big bubble. It will only start getting going once bitcoin topples.

[Anonymous No.6250092]

>>6249406
please no

[Anonymous No.6250173]

>>6247011
Bear flag is on full display. Time is starting to run short.

[Anonymous No.6250198]

>>6249406

Mommy!

[Anonymous No.6250249]

>>6249888
>10 years.
You seem like one of those dumb niggers

[Anonymous No.6250317]

>>6247011
someone make a meme with a nocoiners watching the bubble chart go off script

[Anonymous No.6250370]

>>6249468
The market cap of apple is larger than BTC. Let's relax

[Anonymous No.6250410]

>>6247011
>random graph
>comparing it to random times at the market
>common up and down that happens even during bubbles
>eventually you will be right
No shit. A common bell curve = crashing of the market hurrrrrrrr. You can zoom into ANY stock or crypto and make this chart fit.

[Anonymous No.6250466]

>>6248572
This but unironically

[Anonymous No.6250507]

>>6249406

[Anonymous No.6250544]

>>6247069
We’ve exited the bear trap zone for a while now

[Anonymous No.6250547]

>>6248677
>>6248675
Bitcoin can only realistically go up like 290x maximum from where it is now before its market cap starts to equal the total amount of money in the entire world.

That might be a serious problem...

[Anonymous No.6250655]

>>6249406
fuck you

[Anonymous No.6250691]

>>6247011
>implying we've even entered the awareness phase

[Anonymous No.6250700]

>>6249406
Ur a cunt dude

[Anonymous No.6250787]

>>6247011
Smh at these kikes trying to make me short my btc

[Anonymous No.6251166]

>>6250547
It's a currency though so what does mkt cap even really mean

[Anonymous No.6251250]

>>6251166
When we're at new paradigm you'll wonder if cashing out was the right move because "what if bitcoins survive and fiat doesn't?"

[Anonymous No.6251322]

>>6249406
i love my mom

[Anonymous No.6251519]

>>6250547

Total money in 2017 dollars, sure. There is over $250T USD of global wealth. Global GDP is like $100T. The government prints trillions of USD a year. Also don't forget that ~40% of BTC is lost. We also don't know how side chains will affect this. Just owning bitcoin means you own part of the core of the system that will track the entire world's wealth. The systems that govern trade and commerce today, they can't be measured in USD. I think that will double the value of BTC at least.

So you have $250T current global wealth, and that is on the low end probably, probably close to 750T in 10 years without bitcoin, with the huge economic boom caused by a universal currency, probably 1500T, 3250T after 10 years of inflation, additionally 50% leaves you close to 5000T.

There will be 21m BTC, 12.6 after you consider 40% lost, that means one bitcoin will be worth aproximentally 400 million dollars in 2028.

[Anonymous No.6252423]

>>6249468


Barrier to entry (or lack of) is unlike any market EVER. Preach on.

[Anonymous No.6252500]

>>6252423
So where are all the dumb money?

[Anonymous No.6252568]

>>6250547
That's like 4 million dollars for one BTC.

[Anonymous No.6252642]

>>6249406
here's your (you) fucker

[Anonymous No.6252678]

>>6251519
But what will that 400 million dollars get you?
I doubt 400 million in 2028 would be worth the same as 400 million today.

[Anonymous No.6252795]

>>6249406
milky

[Anonymous No.6252832]

>>6249406
Kys

[Anonymous No.6253061]

>>6252678

True. Real value will be more like ~$100mil is today.

[Anonymous No.6253160]

>>6252500

It's in and coming in.

[Anonymous No.6253184]

>>6247069

[Anonymous No.6253313]

>>6247011
charts and old memes don't matter anymore nigger we're in uncharted territory. thanks, just bought 100k

[Anonymous No.6253328]

>>6247011
how will the china news fuck btc?

[Anonymous No.6253347]

>>6253184
that pic is top class, mind if i save?

[Anonymous No.6253441]

Improv muhthafukka

[Anonymous No.6253615]

you guys would be surpised how many people still dont know how to buy bitcoin or still dont understand it, out of all my friends ive talked to maybe 5 percent are already in, they are still coming and will continue to be coming in.

[Anonymous No.6253912]

>>6252500
Well you're in, aren't you?

[Anonymous No.6253971]

>>6248793
You’re an actual, real life cuck aren’t you

[Anonymous No.6254107]

>>6247988
>moran

[Anonymous No.6254264]

>>6248677
top kek

[Anonymous No.6254292]

>>6253615

I'd say 1/10 of a percent of the general public or less.

[Anonymous No.6254384]

>>6249406
Fuck niggers

[Anonymous No.6254394]

>>6248064
That nigger lied. He posted his wallet address and begged for BTC

[Anonymous No.6254451]

>>6247011
>Crypto market is not the same

WTF I HATE CRYPTO NOW

[Anonymous No.6254470]

>>6253615
My friends that are in are in it because of me and they put in baby amounts.

[Anonymous No.6254634]

>>6247086

THIS

BUY BUY BUY BUY BUY BUY!

[Anonymous No.6254722]

People said it was gonna pop when btc hit $5000. All it needs to do is hit another ath and there will be another flood of money. We're in an alt market right now. You trade to increase your btc stack for the next btc run.

[Anonymous No.6254972]

>>6248572
>Fucking idiot dude you don’t even understand what take off means and you have no understanding of the scales of these things. You look at the market cap of cryptos and think it in any way correlated to the market caps of stocks when the two are fundamentally different classes of asset. Take off is when something BEGINS to become huge, a takeoff period does not last several years, that’s the dormancy period. The difficulty in determining at one point BTC began taking off is tricky because BTC is by definition a currency so it had speculators in it from the beginning, but 2008-2015 bitcoin was like the “usenet” stage of the internet, aka hobbyist phase. We are actually at media attention but because of the rapid rate of information transfer and because of the globalised nature of the world (which was less apparent when the study this is taken from was made) this will be a bubble where media attention and regular people investing will come BEFORE institutional money. There are so many legal and security precedents needed to be made, if you think that just because a single image says institutional investors come before media attention, you’re deluded.
>You’ll know we’re in mania and greed because it will be like nothing you’ve ever seen. The world has become increasingly manic due to our overexposure to information stimulus and internet and social networks, many in today’s age is going to be way more extreme than anything you’ve ever seen. We’re going to hit like 10-20 trillion, heads of state will openly be praising crypto, novel prizes will be given out to blockchain developers etc, and then we’ll have a crash that will make the Great Depression look like a fucking joke. Marketcaps of altcoins will exceed gdps of small countries. Millennials are going to literally do to GenZ what boomers did to millennials but in the span of 4 years.

Holyshit. People read this...