/biz/ - Business & Finance

[Anonymous No.6558507]

This is the most obvious dead cat bounce I've ever seen. If you can get out with profits - GET OUT. Seriously. This is the end of the bull trap and the 'return to normal' from the meme graph.

Let me tell you what happens now:
- People see the market recovering
- People want to get out because they saw what can happen
- People sell everything they have, thus causing the final market crash

Deny it all you want, I don't care. I'm trying to get out at the top of the bounce and then wait for it to return to where it was in November.

[Anonymous No.6558881]

Idiots.

[Anonymous No.6558922]

>>6558881
20k here we come!!!

[Anonymous No.6558980]

>>6558507
The bounce already happend. What the fuck are you waiting for.

[Anonymous No.6559022]

>>6558507

>he's this fucking angry he didn't buy the dip

[Anonymous No.6559029]

kys moron

[Anonymous No.6559073]

if it breaks 12k it will recover, if not it will go sub 8k

[Anonymous No.6559151]

>>6558507
yes every dip is a dead cat bounce. fortunately for us, the cat does not obey the law of gravity and bounces higher than before

[Anonymous No.6559187]

>>6558507
the bounce happened over last night and early today, it's smooth sailing from here

[Anonymous No.6559260]

Then I'll just hodl for another decade. Glad I got andromeda mission coins.

[Anonymous No.6559270]

>>6559151
This. I’ve seen everyone try to call the dead cat coin every the past couple of months.

[Anonymous No.6559314]

If you think the crash is over you are fucking delusional, lol.

[Anonymous No.6559338]

Ppl don't fall for OP's bullshit trap

We are going back up , right off the 100day

Buy cheap shit now !

[Anonymous No.6559379]

Yup, newfags are about to get ass fucked really hard.

[Anonymous No.6559387]

>>6558507
yeah right, slow climb to 30k begins now

[Anonymous No.6559406]

This shit is turning and next stop is 20k. Shit most my alts are already recovering.

[Anonymous No.6559462]

Hey biz quick quiz. What's going to happen next?

[Anonymous No.6559463]

Yesterday was the dead cat bounce

[Anonymous No.6559514]

>>6558507
Who would win? The wave of the future?

[Anonymous No.6559564]

>>6559514
Or some weird theory?

[Anonymous No.6559640]

>>6559462

It touches purple line in first green cube you fucking TA moron and that's about 8k if it repeats again in this latest dip. And we're all expecting that approx. 8k.

[Anonymous No.6559713]

>>6559187

Same I remember the dead cat meme being spammed when btc started rising after falling from 5k to 3k last fall

[Anonymous No.6559724]

>>6558507
You could be right OP, but if I'd taken your advice the last 7 times I sat through this exact situation I'd be half a million dollars poorer.

[Anonymous No.6559784]

Everyone PRAYING for a total crash around here.

Fuck you OP

[Anonymous No.6559833]

>>6559462

[Anonymous No.6559907]

>>6559784
why so anxious anon?

[Anonymous No.6560030]

>>6559713
exactly hell whatever profit washed away during the dip just appeared again by selling high and buying 1 hour ago, this is why I'm saying even putting 100 dollars to day will net you great gains on december

[Anonymous No.6560033]

If bitcoin can't be propped up by tethers it's going to fall. People are waking up to the fact that bitcoin sucks now. People in poor countries are using bitcoin cash. Everyone who hasn't been mindfucked in /r/bitcoin can understand that high transaction fees and slow transaction speed is really, really bad and BCH are better on both counts.

[Anonymous No.6560046]

>>6558507
i have .7 btc locked away on craptopia, theres no way it will reach quadriga in time for me to sell and either way i don't trust your judgement

[Anonymous No.6560116]

>>6558507
thanks just sold 100k

[Anonymous No.6560306]

Why are you people this delusional? The charts are following the meme graph EXACTLY. How can you still deny this? It happened so, so many times. This will crash further in the coming days. Back to November levels.

And yes, crypto is obviously not dead. I'm just saying it'll crash much, much further. And in 2-3 months another bullrun starts. Like it does every time. But right now there's no way this is the recovery. It's way too sudden - just like the rise at the beginning of the year.

[Anonymous No.6560382]

>>6558507
You guys say the same exact thing every single time.

[Anonymous No.6560398]

>>6558507
I missed buying the bottom too OP. Feels bad, but that was the bottom. We're going up from here.

[Anonymous No.6560434]

>>6560306

Denial I guess.

I knew something is fishy but biz talk made me think opposite like it's "bear trap".

After today ... fuck this shit, there ARE rules and it's going that way. I'm waiting in fiat.

[Anonymous No.6560489]

>>6560306
thanks just bought 100k

[Anonymous No.6560508]

Its only down 13% in 24 hours faggot.

[Anonymous No.6560511]

>>6558507
>>6558507
eh. Maybe.

I guess we'll find out over the next couple weeks.

[Anonymous No.6560526]

>>6558980
kek. He doesn't understand how many technical indicators are pointing to a reversal right now.

[Anonymous No.6560527]

>>6558507
Aaaaaaaaaaaand here we go again.

[Anonymous No.6560563]

>>6560489
why do so many idiots on biz use linear scale instead of log scale? you were probably the same morons panic selling eth under $900

[Anonymous No.6560612]

>>6560306
Because I've been in BTC since 2013, I've seen it 'look exactly like the meme chart' over and over and over and over.

Some newfag always finds this chart and thinks he's George fucking Soros.

If you could predict the future by comparing the chart to diagrams we'd all be billionaires.

[Anonymous No.6560616]

>>6559724
/thread

unless you're one of the dummies who borrowed to speculate, then hold tight and see how things play out.

[Anonymous No.6560653]

>>6560563
I use it to understand normies psychology.

[Anonymous No.6560701]

>>6560306
Why do you care so much what other people do? See, I can do it too.

[Anonymous No.6560725]

>>6558507
I want to believe

t. didn't buy the fucking dip

[Anonymous No.6560729]

AAAAAAAAAAAA, we're falling again. OP was right!

[Anonymous No.6560800]

>>6558507
You are assuming this is the bubble popping. It's not. The problem with pure TA is you tend to ignore external factors. In the long run everything that happened the past week needed to happen. Btc becoming less china-centric is a good thing, so is a reduction in btc dominance. Prepare for a bull run short term, correction shortly after and them mania this summer.
Believe me or don't idgaf.

[Anonymous No.6560815]

>>6560563
this is me with ETH

[Anonymous No.6560881]

>>6560612

I just said that it will go up again. But not right now. You think you're buying the dip, but the bottom is much further down. And after that it will go up, yes. After a cool-down period of a few weeks or months... like you've seen before. Just as you said.

[Anonymous No.6560913]

Well, looks like OP was right after all. Its diving again.

[Anonymous No.6560951]

>>6560725
Well whip out your wallet because it's going again.

[Anonymous No.6560953]

>>6560815
I mean, it's not that bad.

[Anonymous No.6560957]

>>6560881
Months are weeks and weeks are days.

[Anonymous No.6560959]

that MACD tho.... 8k here we come.

[Anonymous No.6561198]

>>6560957
And days are hour and hours are minutes and minutes are seconds.

What's your point?

[Anonymous No.6561324]

AHHHH IT'S HAPPENING

[Anonymous No.6561430]

>>6561198
5k EOW
50k EOM

[Anonymous No.6561584]

>>6560306
because those charts are based on stocks. STOCKS. stocks dont do anything, and that thing is the same for all them: nothing. they are simply a speculative asset to pin the valuation of a company to an investors eyes.

crypto does that, but more. it can be useful as a token in its own economy. it can provide value as a decentralized coin that brings power away from otherwise single entity currencies. it can give people the ability to have trustless contracts capable of things never capable of before, without even having a central attack point.

if this isnt valuable to you, then you just dont understand what this means. its not our fault if youre unwilling to read what this stuff is capable of.

[Anonymous No.6562476]

>>6559833
plz

[Anonymous No.6562510]

>>6560033
I really don't see why people spend their time trying to FUD here. Literally no one believes you and no one use bitcoin cash because it's literally worse in every way than the coin it is trying to replace.

[Anonymous No.6562539]

Oh look, the 'dead cat bounce' is over. Onwards, to 20k!

[Anonymous No.6562659]

>>6559564
>>6559514

oh god what I have I done?! I bought today and the transaction will take DAYS to complete

[Anonymous No.6562878]

>>6559640
Interesting. Have you personally seen this occur or fail?

[Anonymous No.6562882]

This market is pure Whale manipulation. If you're a pleb you're either a parasite that refuses to let go (winner) or sheep that get eaten.

HODL is meme for a reason because it's the only thing that works for non whales.

[Anonymous No.6562914]

>>6562659
>buying on coinbase
I can literally buy my coins and move them to Binance in 15 minutes.

[Anonymous No.6562971]

>>6560526
Please share your insight.

[Anonymous No.6563081]

>>6562659
>using anything else than litecoin or to do a transaction

[Anonymous No.6563171]

Do you fucking scientists want to tell me WHY it will crash?
What law, news, development, insurgence will cause this shit to go into a 500%+ free fall?

[Anonymous No.6563234]

>>6563171
Adoption is needed, 10k is fine but everything above that is overpriced from present perspective.

[Anonymous No.6563249]

>>6558507
lol retarded nocoiner calling for dead cat
It's gonna shoot right up to 20k today

[Anonymous No.6563308]

>>6558507
why do fags such as yourself worry about other people? I tell you why, because you want everyone to dump it so you can buy.. nice try OP, kys and next time worry about yourself and not others!

[Anonymous No.6563398]

>return to where it was in November.

it already hit bitcoins price back in november, moron.

[Anonymous No.6563456]

>>6563171
500%
free fall

[Anonymous No.6563490]

Oh piss off. I’ve been a trader longer than you’ve probably been alive - zoom out of your shit 1 minute charts and grow a pair

[Anonymous No.6563531]

20k before february

[Anonymous No.6563622]

>>6563490
this

[Anonymous No.6563625]

>>6563490
Been scalping all day with le 1 minutes.

[Anonymous No.6563821]

>>6558507
woaw man, thanks, it's all that simple; you're a genius. amazing analysis 10/10

[Anonymous No.6563836]

>>6563171

Too many things to list.
> Korean worries on a severe crackdown or ban, which still haven't been totally eliminated
> China's banning of bitcoin miners
> China's witch hunt on all exchanges (Kucoin is actually based in Sichuan, btw ... not HK)
> France and other European countries now pushing for tough regulation
> Massive market manipulation / insider trading everywhere
> Tons of normies getting burned on Coinbase / losing funds, so no new dumb money coming in
> Tons of major media FUD = more normies fleeing
> Poloneix / Bittrex / Bitfinex closing accounts and freezing funds
> Bitfinex and Tether propping up major coins with nearly 2 billion in fake USD since November

List goes on and on ...

[SAGE No.6564032]

>>6559270
This cat is not bouncing very high. Probably too late to sell and re-coup any of your day trade losses.

[SAGE No.6564092]

>>6559406
Why they call it a bounce. Anyone who buys this dip is a dip

[Anonymous No.6564174]

>>6563836
priced in

[Anonymous No.6564195]

Just wait till the Tether audits, then you'd wish you sold now

[Anonymous No.6564273]

>>6560306
screencapped

[Anonymous No.6564289]

>>6564195
lol come back in june normie scum

[Anonymous No.6564353]

>>6559022
/thread

[Anonymous No.6564378]

>>6560030

what would you put $100 in right now?

[Anonymous No.6564401]

>>6563490

OP here. I'm actually still holding.

[Anonymous No.6564439]

>>6558507

In december, people receiver their bonusses and what not... this leads to extra investments into crypto (all the talk about bullmarkets etc). Then the hollidays happen and people overspend. Halfway januari, people realise they are short on cash and take some of the december profits from the market (collapse, omg, bear market!!!)

Every.... fucking... year...

Take at pic related idiots. If you're selling have fun posting wojaks a week from now, and learn to read some fucking charts. Jesus christ.

[Anonymous No.6564500]

Holding through dips is what separates wishful tards from future millionaires. Go ahead sell the dip. Be back during the next bullrun and buy at ATH again because FOMO. Then sell again during the next dip. Rinse and repeat till you fully realize that you don't deserve having money.

[Anonymous No.6564540]

>>6558507
I understand that is what you really want to happen to validate your choice to sell the bottom, but why speculate on choices that are already made. 800 eth and 10k btc looked like a good buy in to those that didn't hesitate. Cap this if you like.

[Anonymous No.6564550]

>>6558507

Admit it dude, you were too late buying Zclassic. A bit of FUD wont help you ass now anymore.

[Anonymous No.6564609]

>>6564540

Fucking read what I wrote. I didn't sell anything and am still holding. I actually wish I had some free fiat, so I could buy the dips and sell the upswings, but I don't. So I'm waiting for the next top to sell.

[Anonymous No.6564612]

>>6564439
its fueled by hype. nothing more. the fad is fading, mainstream is bored with it.

[Anonymous No.6564642]

>>6560306
>it happened so, so many times
I think you just contradicted yourself.

[Anonymous No.6564691]

OP trying to give people good advice and be a good person and everyone's shitting on him. this crash is not over. its hitting like 5k

[Anonymous No.6564744]

>>6564642
Not really. The thing is that there's this dead cat bounce we're having right now. You can make a lot of money by trading the swings. And after that it goes into freefall. And then it recovers a few weeks later. I don't have weak hands, I'm just trying to maximize my profits here.

[Anonymous No.6564745]

Fucking retards bought bitconnect, Tron and Ripple and you expect them to not sell bitcoin at the bottom?

Retards are going to retard, that's why I love them.

[Anonymous No.6564747]

>>6564550

There's going to be so many salty no-ZCLers soon.

[Anonymous No.6564750]

This crash was most likely instigated by the BitConnect owners.

>Last few weeks they sold off their entire stockpile of 3 million BCC
>Average price of $350/BCC
>That's $1 billion in BTC
>Tons of BTC deposited by retards
>That's most likely another billion or more in BTC
>Conveniently announces their exit scam just as BTC is crashing

So these niggers most likely dumped close to $2B worth of BTC, instigating a crash.

[Anonymous No.6564760]

>>6564612

Mainstream hasn't even begun with it. In my personal life, none of my friends, family, co-workers are into it yet... you have seen nothing yet.

[Anonymous No.6564797]

>>6564609
No where did you indicate that you didn't sell. and if you believe what you say, you should sell now and buy in lower. Why don't you? I mean you are pretty much convinced it will drop from here, right? This IS your peak.

[Anonymous No.6564833]

>>6564750
How does one cash out $2B from a scam without getting caught?

[Anonymous No.6564850]

>>6563836
>> France and other European countries now pushing for tough regulation
I fucking hate socialists so god damn much.

[Anonymous No.6564852]

>>6564760
I agree. Everyone I speak to says it’s too hard and scary. We are talking about bbc,right?

Out of the more or less 100 people I have spoke to, 3 have bought a total of 1k worth of coins. That’s it.

[Anonymous No.6564873]

>>6564750
if you think one specific event caused this crash you should stop investing. there were like 10 red flags that indicated it was gonna crash

[Anonymous No.6564896]

>>6564797

Of course I did:
> I'm trying to get out at the top of the bounce and then wait

It's going to return to 'normal' right now. It's not quite there yet. The fall will only come after.

[Anonymous No.6564898]

>>6559833
>shows dip to 15k till march
>below 10k in january

[Anonymous No.6564903]

>>6558507
whatever they tell you, whatever you do, whatever you think,

keep. at. least. 10%. of. your. crypto.
do. not. exit. for. good.

[Anonymous No.6564904]

>>6564691
wow someone I agree with.. all the smart money left awhile ago.. all that is left are those who are coming to the realization they are still able to sell and make a profit before its all gone.. the others are just too invested to cut their losses... I will place tulips on their caskets

[Anonymous No.6564930]

>>6564833
They probably sold on various exchanges, and bet on the majority of the withdrawals clearing before BitConnect got any real attention. Which will probably work.

Plus, the nigger owner has connections in Nigeria. So they'll probably just have the funds transferred there to avoid having it frozen by feds later on.

[Anonymous No.6564989]

>>6562914
where do you buy coins?

[Anonymous No.6565007]

>>6564873
That's why I said instigated, you dense fucking cunt. The one final push over the edge.

[Anonymous No.6565014]

>>6564989
BTCMarkets.

[Anonymous No.6565027]

>>6558507
Nice just bought 100k dead cats

[Anonymous No.6565078]

>>6558507

Buy ADA now while it’s low

[Anonymous No.6565106]

>>6564852

To this I want to say that crypto has indeed 'peaked' regarding to mainstream attention. It was all over the news, so everyone who had any kind of interest at least searched for ways to invest. For most it has probably been as you say - too hard and scary. The other <1% invested in mostly BTC. A very, very little minority invested in other coins. And now the topic has probably become boring again. So we need to wait for the next surge.

So the thing is that something else needs to happen that makes crypto easier to access for the public. Yes, it's easy for people who lurk on 4chan and reddit. But the general public is different. I'd argue that most people wouldn't even invest in stocks. And crypto are some kind of 'digital stocks'. Most people just won't invest unless it's easier than it is right now and the media tells them to. And when this happens the boom will be like nothing else before.

[Anonymous No.6565112]

>>6564896
Glad we cleared that up, my mistake. I project "normal" is 14k in march, so 10k now. This dip is over. Minus a new panic attack, it will be inflated at 18k in march.
My bet at least.

[Anonymous No.6565204]

>>6561584
>stocks don’t do anything
>have equity ownership in a productive company that makes goods or sells services, with a legal right to vote on that company’s business decisions and partake of its profits in the form of dividends—doesn’t do anything

[Anonymous No.6565222]

>>6564760
theyre not into it because they dont want to be.

3 months ago you could have stood at any grocery store and asked 100 people what bitcoin was, maybe a small handful would. now it's mainstream, far more of those 100 people would have heard of it.

its 15 minutes of fame is fading, soon to become a meme.

[Anonymous No.6565245]

>>6565106
>It was all over the news
All the news is negative though. Wait until it gains so much momentum that (((they))) can't stop it and even the news companies can't afford to not have positive articles.

[Anonymous No.6565365]

>>6563625
Scalping is actually retarded. Huge risk, small reward, raped by exchange fees

[Anonymous No.6565382]

>>6565245

Might be a long time in the future though. Right now everyone will hear about the crash. And everyone who didn't invest will be like 'glad I didn't fall for this scam'. I understand that it's a big opportunity, but I'd argue that most people just don't care. They'll live their live as they did before and just see it as a meme, and nothing more. Things become irrelevant so quickly these days, and crypto might actually enter a market devoid of normies again for a long time.

[Anonymous No.6565477]

>>6565112
Staring at this massive dip with no fiat is pretty gay.

[Anonymous No.6565751]

>>6563836
So Hodl or?

[Anonymous No.6565847]

>>6565751
Sell now and rebuy before it hits 8k

[Anonymous No.6565975]

>>6565847
What about ETH?

[Anonymous No.6566004]

>>6558507
welcome to the investment world

[Anonymous No.6566121]

>>6565477
Same, I accidentally cashed out my coins on Coinbase to my bank instead of my USD wallet so I have to wait like 3 days before I can buy again

[Anonymous No.6566239]

>>6559833
what the fuck is that scale. Is that supposed be some wierd base semi log plot or is it just nonsense?

[Anonymous No.6567065]

>>6558507
AAAAAAAAAAAAAAAHHHHHHHHHHHHH HE WAS RIGHT

[Anonymous No.6567695]

>>6567065
Well he posts it every time a dip happens so he's gonna be right eventually.

[Anonymous No.6568047]

>>6567065
No shit... is this your first crash?

[Anonymous No.6568158]

>>6564903
We took money off the table awhile back. We now are in with more than we started with but at $0 cost. To the moon or zero, we are in a profit position and I'm satisfied either way. No crypto millions here, but very fun ride and excellent return so far.

[Anonymous No.6568700]

>>6564750
Now when does the crash officially reach lower than 6-8K? I'm buying then and selling when BTC recovers to 20k. It always recovers.

Just don't go wasting your fiat on failcoins.

[Anonymous No.6568778]

>>6568700
The last time we crashed it took 3 years to recover... HODLing for that long is just stupid. If you think is going to crash sell now, cash out, do some other investment and then buy again when things get better.

[Anonymous No.6568993]

>>6567695

Not really, this is the only time I ever posted this. I'm not even surprised anymore that nobody believes me anymore. You should've sold.

[Anonymous No.6569059]

>>6568993
I mean technically yes, selling to rebuy lower would have been the correct move. But there's no way to really know what's going to happen and I haven't lost any of my coins so I'm not really upset about it. On the other hand, if I had sold and it had corrected upwards I'd be raging.

[Anonymous No.6569186]

>>6568778
The market now is nothing like it was three years ago. There are so many projects out now that can compete with BTC, and with much greater exposure to the public. I don't expect it to behave in the same way it did in the past.

[Anonymous No.6569495]

>>6569059
it wasnt obvious when the party started to end and the price was stalled at 14-15000 for many many days?

[Anonymous No.6569547]

Dead cat on a trampoline.

[Anonymous No.6569551]

>>6569495
I mean it was somewhat obvious a dip would happen, but not a guarantee.

I'm not concerned with a minor dip though and am certainly not gonna gamble on it for a flip. The only thing truly concerning to me is a full crash, like, under $1k BTC crash.

[Anonymous No.6569660]

>>6569186
Yet every day less and less people uses Bitcoin...

WAKE UP, THIS IS A FUCKING BUBBLE ANON

[Anonymous No.6569882]

>>6569551
i think eventually thatll happen. let be real, it's less tangible than beaniebabies. the hype is dying, people want their profit or usable tender back. eventually it'll go back to where it was a couple years ago, being held by basement dwellers praying for it to be a fad again or waiting for some sort of a revolution to happen where it's accepted everywhere like usd. which will never happen as its popularity has peaked, it's still not usable, and even worse volatile as fuck.

[Anonymous No.6570712]

>>6569882
Supply and demand game. The fees are outrageous for BTC and they won't be getting better. It will only become avoidable by people who aren't currently getting into it. It will be too late for people. Unless it becomes the new fiat. A decentralized fiat. Backed by the blockchain and mining that will still commence. BTC mining could be implanted in grids for electricity.

How about mining electricity and storing it? Your home is powered by crypto mining.

It needs to go beyond just making money. We need to find a way to get everyone out of debt to the centralized system.

[Anonymous No.6570762]

>>6558507
I went all-in at $14k. If this ends up bankrupting me I'm killing myself.

[Anonymous No.6570798]

>>6569882
>>6570712
How much money do you have? Less than 1k and you make 10.50 an hour?

In the trash you go!

[Anonymous No.6570844]

>I'M GOING TO POST THE SAME EXACT FUD THREAD EVERY SINGLE DAY TO GET DUMBASSES TO SELL TO ME

EVERY

SINGLE

DAY

SAME THREAD SAME PICTURE GET THE FUCK OUT BOTS AND COMMIES

[Anonymous No.6570850]

>>6570762
Don't fucking do it anon, think of your wife's sons.

[Anonymous No.6570880]

>>6569882
Well I'm invested in things I like the tech of. So I'm not concerned about short term profits.

[Anonymous No.6571034]

>>6558507
>I'm trying to get out at the top of the bounce and then wait for it to return to where it was in November.

I am not getting out now, but I am investing a lot of more fiat it it bounces to the november market cap.

[Anonymous No.6571057]

>>6570712
the fees were the last thing on my mind when it came to problems with it all.

if it couldnt gain any ground in the last couple months for being an acceptable fiat, it never will. as i said, too volatile. go knock on every door down your block and no one will have it or know where to use it, or want to exchange usd for it. its a meme that somehow had people spending lots of money on. all said and done few people are going to make good money off it, some will be left with their dicks in their hand, and most will laugh at it or be completely confused at it indefinitely.

>>6570798
wat?

[Anonymous No.6571091]

>>6564500
Holding tight. Not falling for this Jew crash.

[Anonymous No.6571107]

>>6559151
do not compare -20% drops with the -50% drop we have now

[Anonymous No.6571202]

what happens to /biz/ if crypto dies?
i have nothing outside of /biz/

[Anonymous No.6571258]

already happend moron
>>6565204
yeah but internet fun money!

[Anonymous No.6571318]

>>6560306
this!

[Anonymous No.6571326]

>>6571202
/biz/ was pretty good before all the crypto shit. it should be renamed to /crypto/ now.

[Anonymous No.6571329]

A drop to 10k is not a crash. The real fun will start when (and if) BTC drops to 2k.

[Anonymous No.6571473]

>>6564691
5k is still a lot. It's more than what bitcoin was half a year ago. Frankly speaking, even if bittcoin falls to that level and stays there, I don't see it as too much of a tragedy. Only total nucoiners might get burned.

[Anonymous No.6571496]

>>6571329
This is what i don’t get. Is it down a lot? Yeah. Did it crash? No. I’m still x7 my initial investment. Everybody on /biz/ complains about normies panic selling, but who are the ones creating the fear? The same people complaining about weak hands are the same one posting pink wojaks and calling it a “crash”. How many times have us crypto veterans been in this situation before?

[Anonymous No.6571610]

OP is a dumb nigger. The DCB already happened.

FUD in this thread is by even dumber branch swingers than OP.

BTC may die but blockchain tech is here to stay. If you don't understand why you have no business even using a computer and should kys now.

[Anonymous No.6571655]

>>6559640
I'm expecting resistance at 10k for obvious fucking reasons

[Anonymous No.6571736]

>>6571496
the jump was caused by mainstream hype. nothing more. it was fueled by newfags throwing money at it. now the fad is fading and all those newfags are ATM fucked. that's the crash.

>>6571610
BTC was cryptos only hope. maybe double digit % of people know the term 'bitcoin' now, but they certainly dont know about all the others, and fuck theres a lot. when the hype dies, it will be all over and back to what it was a year ago.

[Anonymous No.6571745]

>>6571655
Checked and Kek'd

Praise Kek!!

[Anonymous No.6571800]

>>6571329
People will bolt, government will intervene, and buy off all of the crypto since the Jews themselves invested in it too.

[Anonymous No.6572160]

>>6558922
This. Nice digits check mine.

[Anonymous No.6572196]

>>6571736

See previous instructions, kys.

If you actually think that BTC was cryptos only hope you are the dumbest nigger on the planet. Whether the normies like/understand/adopt crypto or not only matters in the short term.

[Anonymous No.6572293]

>>6571473

Most long-term bitcoin owners have bought and sold several times on the way up. Astonishingly few individuals have intentionally held this entire time.

[Anonymous No.6572511]

Yup, it's now confirmed: we are going down...

[Anonymous No.6572566]

>>6564850
That's why you buy ARK. It's France approved

[First Lieutenant Napoleon !C2Q9MUX4JE No.6572617]

>>6558507
Baby's first dip, the post

[Anonymous No.6572667]

>>6572196
you come off as being super emotionally involved in crypto. why?

a year ago no one knew of any of this shit. im talking IRL. if you hung out at the mall all day asking people was cryptocurrency or bitcoin was they'd say no. even now they wouldn't know but after all the mainstream hype they may know the word 'bitcoin'. so now what, you're going to jump from that single only hope of it becoming household and then expect those few people and everyone else to accept litecoin or ripple instead? what fucking sense does that make? it makes it all even more volatile and hollow from an outsider.

[Anonymous No.6572738]

Umm OP why isn't it dropping?

[Anonymous No.6572834]

>>6564439
What's up with that huge volume spike in august?

[Anonymous No.6572846]

>>6559073
it hit 12.5k momentarily on GDAX around 6pm EST

[First Lieutenant Napoleon !C2Q9MUX4JE No.6572870]

>>6560563
Red pill me on the log scale

[Anonymous No.6573379]

>>6572667

Your tiny monkey brain seems to be having trouble understanding:

It doesn't matter if bitcoin is a household name or not or whether or not normies accept it. Blockchain tech is going to/is in the process of fundamentally change transactional business whether bitcoin is 20k$ or 1$. The value of crypto as a whole is going to continue to rise regardless. BTC losing the #1 spot will definitely cause a period of disruption but it'll just be a bump in the road of inevitability. Overtime that value will end up flowing into better cryptos.

Whether the public at large sees value in trustless, private transactions and contracts (and we're still just scratching the surface) that can be executed without concern to borders, laws, trade embargoes, or financial regulations doesn't suddenly make it not the most important and valuable recent development in how currency works. It didn't matter whether normies initially understood the implications and value of automobiles, airplanes, or computers either.

You're the one talking about hope and emotion. I give a fuck about neither. This is about the inevitability of technological progress.

[Anonymous No.6573435]

https://discord gg/JMt7ZWq

[Anonymous No.6573479]

thanks just bought 100k!

[Anonymous No.6573507]

>>6573379

This

[Anonymous No.6573510]

>>6558507
TA is such a cringey meme

[Anonymous No.6573701]

>>6565106
Yes and before that, Wall St is hungry to get their money rocking the boat. Here they come!

[Anonymous No.6573754]

>>6571107
>-50%
yeah for your stupid shit coins

[Anonymous No.6573775]

>>6573379
>Blockchain tech is going to/is in the process of fundamentally change transactional business whether bitcoin is 20k$ or 1$

Yaaaaaawn

No it won't, not in he slightest. People have been preaching this for years, yet the impact that blockchain technology had and will have is laughable.

[Anonymous No.6573877]

>>6571107
>-50%
But that's a lie you dumb nigger

[Anonymous No.6573878]

>>6573379
>Your tiny monkey brain
dude just take that shit to /b/. ill play with you but not interested that.

>Blockchain tech is going to/is in the process of fundamentally change transactional business whether bitcoin is 20k$ or 1$.
then why would anyone hold any? what legit company is going to exchange it over usd? if its a tool rather than asset why is it so volatile and unknown? what major business is going to use that over usd now?

[Anonymous No.6573915]

>>6558507

Why do fgts try and apply stock market concepts to crypto

[Anonymous No.6574025]

>>6560306
The charts have followed the meme graph AT EVERY MAJOR DIP

[Anonymous No.6574551]

>>6573878
Because it's a tool (the protocol) and an asset (the coins). Protocols are being iteratively developed, and we're still probably several iterations and major problems being solved away from "the one." Even after that there will still be niche chains more suited for specialized transactions.

Holding will happen for various reasons, POS/POW hybrid systems, security, another will be liquidity in the marketplace.

Why is a fledgling tech thats still in its developmental infancy so volatile and unknown while it's also being wildly speculated on? Are you fucking serious?

[Anonymous No.6574570]

>>6573775
>blockchain technology had and will have is laughable
Blockchain technology is gonna change the world. It's not that fucking hard to understand that aspect of it. The technology can't be adopted right now because the majority of people don't understand how it works.

[Anonymous No.6574673]

>>6574551
>confirmed fedora.

>>6574570
>gonna change the world
>It's not that fucking hard to understand
>can't be adopted right now because the majority of people don't understand how it works

MFW

[Anonymous No.6574691]

>>6558507

I bought in the deepest part of the Ethereum dip and nothing you faggot FUDers can say can loosen my iron grip.

Get bent cucks

[Anonymous No.6574692]

>>6573915
If you don't think bear/bull traps or bounces exist in crypto markets you're the faggot.

[Anonymous No.6574921]

>>6573915
because he's right? i applied stock market concepts to crypto and sold at 17k / btc

[Anonymous No.6575581]

>>6564852
I don't think the average person not holding an asset makes it any less mainstream. I only know two people in real life with shares in AAPL right now. I don't think AAPL is underground.

[Anonymous No.6575785]

>>6564439
We're not going to see returns like we saw in 2017 though.

[Anonymous No.6575840]

>>6574691
Same here motherfucker I don't even give a shit anymore.

[Anonymous No.6575890]

>>6559022
What dip? Right now is the dip.

[Anonymous No.6576051]

>>6571736
ethereum is just as well known in at least the western world, save burgers who don't know what keyboards are

[Anonymous No.6576095]

>>6574691
What a beautiful image. Posters when?

[Anonymous No.6576112]

>>6574673
not that hard to understand how it can change the world
the actual tech is quite complex

>MFW cant read at a 3rd grade level
>MFW NFW

[Anonymous No.6576168]

>>6575581
This. Tons of companies integrating with the world that will get recognition not for being blockchain or altcoins but for their application in the real world. Tons of them will be utilized without public adoption/know-how. An intermediary will exist between and the user will get a better experience without the complexity. They already have bitcoin debit cards.

[Anonymous No.6576226]

>>6572160
haha faggot

[Anonymous No.6576240]

>>6574673
That wounds deep from the monkey who unironically compared crypto to beanie babies.

>BTC was cryptos only hope

You really are the dumbest nigger on the planet.

[Anonymous No.6576401]

>>6576051
>ethereum is just as well known in at least the western world
ethereum is as well known to general population as bitcoin? bitch please.


>>6576112
>not that hard to understand
>the actual tech is quite complex
>cant read at a 3rd grade level
MFW

>>6576240
beaniebabie fad was better, cause 20 years later them fags still physically have something. they're atleast somewhat tangible

>You really are the dumbest nigger on the planet.
stay mad over nothing.

[Anonymous No.6576478]

>>6571736
hahahahahahaha btc was crypto's only hope? AOL instant messenger was social media's only hope too

[Anonymous No.6576495]

>>6565106
normies are fucking lazy and stupid af. most of the downloads for coinbase app are just for checking the graphs once in a while and most of the people that actually make accounts cba going through the verification process. I know 20 people (thats like 50% of my social circle) that registered at coinbase but didnt go through verification and didnt buy anything.
i do agree that this was the peak of media attention, though i think its only the first one. just wait till btc breaks 25-30k. imagine all the normie scum realizing how much money they left on the table not buying when it was 15 or even 20k. its one thing hearing someone say that btc was 1k a year ago and now its 20k, and its completely different when you see it with your own eyes.

[Anonymous No.6576558]

>>6565204
>plenty of stocks dont pay any dividends
>you usually need >10% equity to have any voting rights
unless youre already fucking rich to buy half of a company outright, stocks and ccs arent that much different.

[Anonymous No.6576683]

itt: people who only got into crypto in the last year think their precious shitcoin has any hope of replacing bitcoin/ethereum

it was a pleasure talking your dumb money

[Anonymous No.6576749]

>>6574570
majority of people dont understand how swift works too and it does.
Give blockchain a few years to mature with the ECB and major commercial banks looking into the tech, other central banks too.
Blockchain will increase transaction efficiency by A LOT, I believe international wires will become 2-3 times cheaper after they implement it.

[Anonymous No.6576787]

[Anonymous No.6576790]

>>6576478
You cant even compare social media to crypto.

[Anonymous No.6576819]

>>6576790
i too can make statements with no details or explanations

[Anonymous No.6576860]

>>6572667
u can hang around a mall all day asking people if they knew what tcp/ip is, im absolutely certain that more people would know what bitcoin is than tcp/ip. normies are fucking stupid, lazy idiots, just because they dont know what something is or how it works, doesnt mean they cant use it. fuck, you can ask people at the mall wtf electricity is, you would just get blank stares and maybe single digit percent of people would actually say something relevant.

[Anonymous No.6576922]

>>6576860
>something they use vs something they dont
its currency, right??

[Anonymous No.6576971]

>>6576819
people used the internet, then they naively used aol, then they used aim, which progressed to myspace and then facebook.

no one is using crypto.

[Anonymous No.6577006]

>>6576401
>somewhat tangible
so i guess you dont use banks, credit cards, etc? that money is as tangible as btc.

[Anonymous No.6577075]

>>6571326
I am beyond fucking tired of it. It brings in so many retarded NEETs and people without actual portfolios. I hold onto the idea that the silent majority of lurkers in these fiascos come out more educated and perhaps less intimidated about the idea of playing markets to build their future, but I've always been too optimistic about people.

[Anonymous No.6577101]

>>6577006
usd is the same as btc?

[Anonymous No.6577126]

>>6576922
youre trying to argue that btc (or any other cc) cant become mainstream because people dont know it or dont understand how it works.
its the same thing with tcp/ip, electricity and plenty of other shit. not understanding something doesnt stop you from using it.

[Anonymous No.6577136]

>>6576971
>being this dumb

[Anonymous No.6577137]

Satoshi prophesied this catbounce in the original whitepaper Blockstream is censoring now.

[Anonymous No.6577165]

>>6577101
no, its not. it has plenty of upsides and plenty of downsides, but your argument that btc is worthless because its not tangible is beyond fucking retarded. the vast majority of usd isnt tangible either.

[Anonymous No.6577220]

>>6576787
kek

[Anonymous No.6577243]

>>6559151

This log graph is ducking hilarious. On a linear y-axis it’s tulip mania, right after the public investor craze and right before the final slide. Time will soon tell.

[Anonymous No.6577275]

>>6577136
>being out of things to say

>>6577165
its worthless because its not used by anyone. its as worthless now as it was a year ago. its only value is buying it and hoping mosre people buy it so the direct "value" of your share can easily be changed back into usd.

[Anonymous No.6577307]

>>6558507
Dude, you're overspeculating based on fear. Buy the dip, trust. This shit always bounces higher than before and now that normies are in on it we have 10x+ potential on even some of the more established coins.

[Anonymous No.6577354]

>>6577275
you are a brainlet and possibly a troll. you even laid out the progress made in social media somewhat accurately yet somehow failed to translate that knowledge to crypto. if you can't see the parallels between bitcoin and early social media adoption then i don't know how to make it any simpler for a brainlet to understand. and people do use crypto now as a store of wealth, as a dapp platform, and for buying things legal and illegal because its censorship proof. i'm so sorry you were dropped on your head as a child.

[Anonymous No.6577382]

>>6577354
social media is not comparable to crypto.

[Anonymous No.6577384]

>>6558507
FUCKING SELL

SELL IT ALL

>>6570370

>>6570370

[Anonymous No.6577385]

>>6560046
I hope you locked it at $20,000 anon.

[Anonymous No.6577397]

>>6574673
>forgets picture
>doesn't know how to greentext
Fuck off newfag. Oh yeah and most people don't know how any technology works, let alone transformative ones like TCP/IP or even internal combustion. Hell, they don't even get double ledger accounting. Normies are never going to understand blockchain.

[Anonymous No.6577412]

>>6577382
again, brainlet, yes it is because all technology gradually improves over time. improve your arguing skills by making logical points or you will forever be destined to be a poorfag brainlet

[Anonymous No.6577415]

>>6576787
Does China hold most or something?

[Anonymous No.6577427]

>>6577397
no one cares how it works, its whether they use it or not.

[Anonymous No.6577443]

There was a similar drop last new years. Went from 1000+ to 700. Buy now or hodl.

[Anonymous No.6577460]

>>6577412

[Anonymous No.6577481]

>>6577460
ok someone needs to kick this faggot back to plebbit where he belongs

[Anonymous No.6577498]

>>6577412
To some you're an optimist, but I don't believe you realize yourself how hard you're going to make it.

[Anonymous No.6577510]

>>6577165

With Chinese wealth-offshoring cut off, the only non-speculative use of Bitcoin will soon once again be criminal activity. There’s certainly value there - remember what BTC was worth on Silk Road in 2012? - but that will be an enormous, life-wrecking correction for most Bitcoin holders.

Anyway, once more governments figure all of this out, Bitcoin will become even more regulated. China is leading the way here. Normies and Congressmen will clamor for this in the wake of the last big correction and the pain that brings to regular “investors.” US banks already have strong incentives to cooperate with the IRS on this. Good luck hiding the paper trail between whatever datknet exchange you end up on and your Wells Fargo account. This destroys Bitcoin’s value as a reserve currency, by the way.

The organized criminals won’t be affected by this crackdown, as they’re already good at old-school money laundering.

[Anonymous No.6577512]

>>6577275
i bought a car (used yaris, far from lambo) with btc half a year ago. a friend of mine bought a mining rig with bch several months ago.
just because you dont use it, doesnt mean nobody is. again, comparison to tcp/ip is applicable: only autistic, basement dwelling nerds (pic related) where programming their own sockets in early 90s, just like only basement dwelling autists are using cryptos atm. you just seem incapable of imagining a world 10 years from now.

[Anonymous No.6577515]

>>6577481

[Anonymous No.6577557]

>>6577512
someone agreed to sell a used car with it, wow success.

[Anonymous No.6577571]

>>6558507
Where you see an apocalypse, i see opportunity. And you can be damn sure i'm not the only one. The price is on black friday sale right now, and the recovery will be glorious.

[Anonymous No.6577575]

>>6564439
Fucking this, hard. We're not even near the full potential for some of the established coins. ETH is going up to BTC levels. Cap this post so you can pink wojak next December, or buy in January and be a green pepe come December.

[Anonymous No.6577625]

>>6577427
Eventually they will, even if they don't know it. Blockchain is essentially an implementation of a concept known as triple ledger (or triple entry) accounting. It's incredibly important shit, and finance is all over it. Cryptocurrencies are just an application of blockchain. It'll take some time for regulatory frameworks to catch up, but blockchain (or something similar) will be the backbone of finance in the future.

[Anonymous No.6577629]

>>6577557
someone also agreed to sell thousands worth of computer equipment for it. thats the fucking definition of btc being used

[Anonymous No.6577680]

So is this shit going to recover now or what?

[Anonymous No.6577733]

>>6577629
ignore this newfag. most of us who have been in crypto longer than a week have made thousands of dollars if not millions. of course this brainlet comes to biz salty af and probably doesn't understand what a dapp is or what its potential is

[Anonymous No.6577742]

>>6577680
Give it a week and a half to be done and mid feb is should recover just fine. March is looking at good potential for 20k+
This is all based on TA. If there is anymore bad news on this then it could get stuck in a rut at the current level and could take a year to recover.

[Anonymous No.6577789]

>>6562971
here have some meme lines

100k eoy

[Anonymous No.6577847]

>>6560815
i laughed my ass off because this is literally legitimately good advice based on market history

[Anonymous No.6577848]

>>6563171
You can’t lose more than 100%.

[Anonymous No.6577863]

>>6558507
20k May 18, 2018. Screencap this.

[Anonymous No.6577936]

>the crypto coin bubble is bursting, no more crypto
>the USD bubble is bursting, no more USD
>the stock market bubble is bursting, no more stock market
You fags really believe crypto, a new, cutting edge technology only now seeing significant adoption and innovation, is going to just disappear? Think again. Crypto is the future.

[Anonymous No.6577974]

>>6577936
>significant adoption

[Anonymous No.6577985]

>>6572870

On a linear scale, going from $20 to $40 and going from $20,000 to $20,020 is represented on the graph as the same amount. But obviously the latter is much less significant. A log graph gives you a better representation of actual growth.

[Anonymous No.6578015]

>>6577789
I am a newfag and my account has just been verified.
Dumping all of my $1k starting capital on Bitcoin right now. Wish me luck on my crypto journey.

[Anonymous No.6578070]

>>6578015
Something something diversify something something don't put all your eggs in one basket

[Anonymous No.6578072]

>>6573754
>>6573877
Did it not drop from 20k in to 10k in a month?
Is this not a -50% ?
Am I being baited here? 3/10 for making me reply.

[Anonymous No.6578130]

>>6558507
>tfw 5 dollars on coinbase
>already down to 1.70 dollars
if the crash continues, will it stop at 0 or do i own money to coinbase? I thought this shit was risk-free, aside from the money you're willing to lose.

[Anonymous No.6578150]

>>6578070
Yeah, diversifying sounds like a good idea which I will do soon - I was thinking I may hold a little bit so that the BTC can bounce up from the last dip, and diversify with the gains I make from that and start playing around with things like NEO and Link? Getting a bit of ETH would be wise also, at least from what I can tell.

[Anonymous No.6578154]

>>6578072
Look at the picture you replied to again. Were we talking about the price of Bitcoin?

I'll give you a hint: "No."

[Anonymous No.6578228]

>>6577936
It's not going to disappear, it's just going to descend to the true level of its worth.

[Anonymous No.6578248]

>>6578072
Not that anon but from what I saw it was only momentarily at 20k, the correction was only a ~20% change.

>>6578130
Think about this anon, it would literally have to negative in price for you to owe money.

>>6578150
ETH should honestly be #1 on coinmarketcap but normies mostly know BTC only. XRP is a hell of a lot faster/stable but is cucked by not being on any exchanges that are easy to buy on(afaik the best/easiest is Kraken but they are laggy af and take a while to get verified to buy)
I've been told for a month now from a good friend of mine to look into BURST but I don't know how much I would rely on that. Make sure to do your own research on everything.

[Anonymous No.6578279]

STFU WE'RE ABOUT TO MAKE MILLIONS.

[Anonymous No.6578296]

>>6578248
>t. brainlet
you are right, i fucked up.

[Anonymous No.6578301]

this shit will tank hard you have seen nothing yet

[Anonymous No.6578312]

>>6558507
You fucking pajeets do realise the first CME contracts expire today?

Which means that to offset risk, a lot of big players dump bitcoin the day before, exploiting all the weak hands like you, ensuring their shorts go through

[Anonymous No.6578453]

>>6578248
Thanks for the tip fren - I suspected my focus on BTC might be a bit normie ish because it has gotten the most publicity rather than it being the best and biggest (at the moment.) And as you say - personal research will usually bring the best yields in something as volatile and new as this, but I have added your advice in my notes and will keep lurking for rumors I can verify.

[Anonymous No.6578527]

>>6560306
Thanks just bought more shitcoins for almost nothing

[Anonymous No.6578535]

>>6578248
>Not that anon but from what I saw it was only momentarily at 20k, the correction was only a ~20% change.

In 2013 it was also only momentarily at 1,2K.. then it dropped 80% over the year.

[Anonymous No.6578549]

ITT coin cucks in denial

[Anonymous No.6578573]

>When you've only learned the dumbest part of TA

[Anonymous No.6578582]

Once it drops enough, it will be bought up again, more investments made and value will probably triple from where it is now... if expect 30k by ape or sooner then another huge bleed or crash before the summer.

[Anonymous No.6578999]

>>6571736
>BTC was cryptos only hope

Please stop, I'm laughing so hard I choked on my Trendies and mom came and yelled at me.

[Anonymous No.6579127]

>>6578248
Burst is the eco-coin

[Anonymous No.6579586]

>>6578999
yet you cant articulate one reason im wrong

no one knows what crypto is. few know of the name bitcoin. of those few, some have it. of those few that have it, they want it to rival the usd rather than the most that have it, wanting it to reach moon value so they can convert it back to a real currency. even fewer of those that have it can find a way to use it [nobody].

even worse is you fegs jump from one crypto to the next thinking thats doing something. its fucking sad really and eventually youll be back where you were a year or two ago. the fad is dwindling and all the people that pumped it up the last couple months will be jumping ship.

[Anonymous No.6579645]

DED

CAT

[Anonymous No.6579685]

>>6558507
It’s not going to crash. It will just dip

[Anonymous No.6579705]

we are going sub 10k again and this time there are no shorts and limit orders in place to save us

hold on guys

[Anonymous No.6579753]

>>6579586
Any normie with a vague interest in investing knows about that thing computer nerds do to make free 'fake' money.

[Anonymous No.6579771]

>>6579586
Btc intention was never to kill the dollar. That’s for other coins in the future to do. Btc is just the first, with the amount of pairings and market dominance it will never die.

[Anonymous No.6579857]

>>6579685
Dip into the ground to the Earth's core

[Anonymous No.6579899]

>>6558507

Yeah that’s cool and all but everyone knows the best way to earn money is a pump server. Check us out at

discord gg/YQqTCqt

[Anonymous No.6580205]

NO ONE HERE FUCKING KNOWS

[Anonymous No.6580569]

>>6560563

Because its the exact same thing if you aren't a fucktard TA nub