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/biz/ - Business & Finance

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File: 87 KB, 1024x686, btc-bubble-jan-17-2018.jpg [View same] [iqdb] [saucenao] [google]
6587003 No.6587003 [Reply] [Original]

Latest meme bubble update.
Like a fucking template.

>> No.6587241

bump

>> No.6587446

epic

>> No.6587465

>>6587003
yeah I know

>> No.6587557

Watch the death of Crypto live over on this website(better than cmc, ad free experience): https://www.thecryptowiki.org/Live_Chart

>> No.6587770

>>6587003
meh, we might as well be in a bear trap now and the real new paradigm is at 10 trillions

>> No.6587861

>>6587770
lol no

you need new idiots to reach 10 trillion
there are no new idiots left. the whole world knows about bitcoin.

>> No.6587958

>>6587003
who else /buying despair/
1k here we come

>> No.6587959

>>6587861
it's not about idiots, we would just need for the big guys to enter, so far none of the billionaires did

>> No.6588070

>>6587959
and you honestly think they'll risk their billions in a market where this just happened?

they're gonna need a heavy dose of amnesia and rufies first

>> No.6588111

Gonna buy some bitcoins for 600.

>> No.6588167

>>6587861
There are only a few million active crypto users

>> No.6588216

In this bear market, the only people making money are the members of this group. Join now'

https://discord dot gg/6ddqFHd

>> No.6588234

>>6587861
I'm sure the stock market bros said the same thing 30 years ago.

>> No.6588273

>>6587959
I think the real bullrun is yet to happen, just the amount of people blocked from putting their money in by exchanges turning off registrations, they will be extremelly greedy for those low prices.

>> No.6588279

>>6588216
It was a bear market 5 days ago. Now it's just a bloodbath. I hope you guys get outmaneuvered by shortsellers ;)

>> No.6588284

>>6587958
Here here.

>> No.6588301

>>6588167
there are more than that, and soon there will be less

>> No.6588351

>>6587959
no its about idiots

"heh only invest what you can afford to lose!"

you ran out of idiots (gamblers)

>> No.6588353

>>6587003
Only way to make money rn in crypto
is to p&d, reliable 20-50% profit every 3 days.
Dont even care about the market, just keep your shit in that jew-coin tether between pumps.

Only risk is tether going to shit when ppl start to realize how fucking shit it is and what bitfinex and other scammy exchanges use it for. But thats probably when u cash out.

https://discord(dot)gg(slash)WsPjVwF

>> No.6588383
File: 98 KB, 823x473, alpacino.jpg [View same] [iqdb] [saucenao] [google]
6588383

>>6587003
t. last thing you hear is POP

>> No.6588411

>>6587003
yeah well that chart was made for bullshit wall street investments, not crypto. Completely different set of rules. This is NOT a crash, IT'S JUST A DIP!

>> No.6588423
File: 6 KB, 245x206, download.png [View same] [iqdb] [saucenao] [google]
6588423

>this meme picture gets posted everyone
>everyone sees it and thinks its real
>everyone starts trading based on the graph
>self fulfilling prophecy

>> No.6588431

The funny thing is, If you look at the catalog right now, a lot of the threads are Capitulation.
I can-t even laugh anymore tho.

>> No.6588504

Despaircoin moon confirmed

>> No.6588580

>>6587003
A broken clock is right twice a day the same way a memechart will finally hit the nail on the head once in the 10,000,000 times it's been posted

>> No.6588619

>>6588423
it is real though

>> No.6588657

>>6587003

HAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHH

THIS SHIT IS GOING DOWN TO 1 K.

>> No.6588667

IT'S COMING BACK BOYS. GET FUCKT

>> No.6588671

>>6588216
FUCK YOU

>> No.6588681

>>6588353
>Only risk is tether going to shit when ppl start to realize how fucking shit it is and what bitfinex and other scammy exchanges use it for. But thats probably when u cash out.

>tether worth literally nothing
>exchanges don't have enough $ to handle a run

Good luck with that, retard

>> No.6588703

>>6588619
if everyone believes its real it becomes real

>> No.6588743

>>6588423
This.

>> No.6588751

>>6587003

more like a pump and dump

>> No.6588801

Crypto will go on #Resiliant

>> No.6588849

>>6588801
>Crypto will go on #Resiliant
As a means for buying drugs and other illegal shit

>> No.6588884

"Know when to walk away, know when to run."

>> No.6588908

>>6587003

WE HAVE THAT EVERY JANUARY GUYSSSSSSSSSSSSSSS

PLSSSSSSSS

WE DO

ERMAHGERD

>> No.6588915

>>6588353
Kill yourself retard

>> No.6588935

Here from /o/, don't know shit about crypto

What's going on?

>> No.6588952

>>6588411
>>6588234
haha

are crypto people retarded?

its just a pump and dump

>> No.6588972
File: 360 KB, 600x580, 1516161465507.png [View same] [iqdb] [saucenao] [google]
6588972

>>6588667
No it isn't

>> No.6589001

>>6588935
market's crashing

>> No.6589004

>>6587861
Less than 1% of people trade crypto you idiot

>> No.6589034

>>6587770
Yes. We're still early adopters. We haven't reached the bear trap yet.
>>6587861
Yes, the whole world knows about Bitcoin. But nobody joined because it wasn't accessible for normies.

>> No.6589096

Okay so now that all of the late buyers have cashed out at a loss where does crypto go from here? Which cryptos actually have real world use? Those are the ones we need to buy while they're cheap.

>> No.6589098

>>6588667
>it's coming back boys!!!
>10mins later dips back under 7.8k
lmaoooooo
waiting for that 7.3k dip to buy

>> No.6589173

>>6588423
That's the fate of a pyramid scam

>> No.6589177

>>6588935
People realized that bitcoin isn't worth a dime, and everyone is trying to get rid of it like it was radioactive waste

>> No.6589190

>>6589098
where the fuck are those prices

>> No.6589207

>>6589096
OMG is a sleeping giant

>> No.6589264

>>6589173
Ponzi Scheme

>> No.6589283
File: 1.35 MB, 640x480, Hylics 01.01.2017 12_57_50.webm [View same] [iqdb] [saucenao] [google]
6589283

>>6588935
Imagine driving your car really fast, faster than you ever driven.
Then imagine a cliff coming up and you can not break fast enough to avoid it and fall.

>> No.6589312

If you're not shorting this then you're an idiot.

>> No.6589359

>>6587003
Good news is eventually we will return to the mean and the cycle starts over.

>> No.6589387

Sold everything in mid December when my sister told me she had bought some crypto.
That's how I knew we had reached peak bubble.

>> No.6589395

>>6587003
>despair
KEK

>> No.6589470
File: 3.37 MB, 320x226, 1516201698972.gif [View same] [iqdb] [saucenao] [google]
6589470

>>6589387
Got my incompetent Java professor to invest at 20000k
I'm keking the kekest of my life

>> No.6589528
File: 333 KB, 1024x692, SHERT.png [View same] [iqdb] [saucenao] [google]
6589528

you forgot the most important part OP

>> No.6589583

>>6589528
That's why I'm looking so hard for the plateau

>> No.6589609

>>6587959
Jim Breyer invested in Vechain.

>> No.6589682

>>6588411
Crypto moves faster. What takes months in the stock market takes a week. But the fundamentals are the same.

>> No.6589689

>>6588423
>everyone starts trading based on the graph
yes because the graph predicts it goes down even more, so the trading will be selling

>> No.6589734

Chart is deceptive. Time frame is completely wrong. Claiming your short timeframe lines up perfectly with a theoretical model is the only joke. Bookmark my reply and see you in six months. Buy in at 8500

>> No.6589739

>>6589528
Not only that, I have to close my short first and then buy.

>> No.6589785

Implying this isnt "first selloff"

>> No.6589798

>>6589264
Why are you even here? You are technically and financially illiterate.

>> No.6589836

>>6589528

So where's the mean in our case?

A little below mean would target price 1500$?

>> No.6589870

>>6589785
No it isn't. Bitcoin had 2 major crashes like this already, and every time there were idiots like you claiming it's not going to crash, and every time they were WRONG like you will be now.

>> No.6589889

>>6587003
Well yea, the chart is always true at some point in time. It's a;ways in hindsight though.

>> No.6589911

>>6589004
>Less than 1% of people trade crypto you idiot
Bitcoin has been getting pimped on local news channels, bud. Everyone they could reach to has been reached. There is no new blood unless you find a way to open a portal to a parallel dimension or try to scam aliens.

>> No.6589912

>>6588234
And for evading currency controls and shitty central banks

>> No.6589913

I've been on /biz/ for over a year now and I've seen this posted literally every time bitcoins drops.

Don't sell, we are still gonna make it.

>> No.6589965

>>6589173
Please learn what a pyramid scam / ponzi is anon. Crypto is wild speculation, but it is NOT a pyramid scam.

>> No.6589977

>>6589913
>over a year

So you missed the 2 times this graph accurately predicted a major crash since 2009. Cool. This will be your first.

>> No.6590029

bitcoin will only be good for illegal trade when US bans it, sell it while you can

>> No.6590069

This board has gone to shit. Anyone claiming death of crypto death of btc is a newb illiterate fuckmuncher playing children’s games.

>> No.6590084

>>6589870
Well yea and in time it recovered again. Crypto tends to have a long bear market, bubble up and then sharply drop off again. If you want to make loads of money in crypto you wait and buy in again once it's back on return of normal and you wait for the next bubble.

>> No.6590110
File: 608 KB, 1143x870, Bi9RlJQ.png [View same] [iqdb] [saucenao] [google]
6590110

>>6589889

I made this on the 31st and everyone laughed at me...well, who is laughing now!!!!

>> No.6590120
File: 86 KB, 1920x1080, Screenshot_20180117-103703.png [View same] [iqdb] [saucenao] [google]
6590120

Meanwhile, on the logarithmic chart...

>> No.6590136

>>6590069
Only newfags think those posts are serious

>> No.6590138

>>6587003
SELL SELL SELL !!!!!!!!!!
ITS OVER CRYPTO IS DEAD

>> No.6590146
File: 23 KB, 934x337, it's over fuckers.png [View same] [iqdb] [saucenao] [google]
6590146

Tough month for you fuckers. Down 51%.

>> No.6590153

>>6590069
people have short positions
they fudding everywhere right now.
so they hit their 8k buyorder

>> No.6590157

>>6589913

And they STILL deny it.

That's why this board is fucked up. Too much denial. I believe in crypto but I will buy again at lower price. I'm not shouting "lol coiners btfo" or "ponzi scheme".

But it's going down and every smart man would buy down there.

But NO, they are still denying literal template bubble graph.

>> No.6590191

>>6589207
OMG to $100 end of year
FUN to $4 end of year
XLM to $15 end of year

The Holy Trinity of HODLs

>> No.6590199

>>6590084
So what if it recovered? That's not the topic of this thread. We are talking about the crash that is currently happening.

>> No.6590231

>>6589734
the emotional structure is true on all timeframes

>> No.6590291
File: 37 KB, 1062x580, 1516199818131.png [View same] [iqdb] [saucenao] [google]
6590291

>>6587003

For gods sake buy the dip when it happens. Anybody cashing out low is going to get JUSTed when they realise they didn't know how to read graphs properly.

>> No.6590300

>>6589387
let me know when she sells so i know when to buy

>> No.6590333

>>6587003
like the last 5 years

>> No.6590434
File: 168 KB, 1280x960, 0hppnebtcboz.jpg [View same] [iqdb] [saucenao] [google]
6590434

I have to say something. At first I felt schadenfreude regarding this whole thing because I was sick of seeing cryptocoin shilled everywhere and constantly shoved in my face. I can't feel schadenfreude anymore. Now I'm just sad.

I'm sorrry. To all of you, I'm so very sorry. I hope things work out for you, and if the chips fall I want you to know the sun will still rise in the morning and you'll be able to fight through whatever debts or situations you find yourselves in. Please just take care of yourselves and be safe.

>> No.6590444

>>6590191
Got 124.0 FUN. Will I make it and how much would that be? That's like a 100x isn't it? Yep. Moving to alt coins is the way. BTC was the fuel for that fire.

>> No.6590445

>>6589836
this is the question. I'd guess somewhere around 2-4k$ because there's a lot more attention than 2014 but also a lot more cryptos. I wouldn't even be mad if i miss the perfect spot same as when i sold in mid december. I don't care if i make 8000% or 9500% but i care for a lower risk.

>> No.6590537

>>6589911
wrong. If that would be the case it would be that way since 2014.

>> No.6590548

>>6590434
I dont regret it, we all knew it's a high risk high return and it really hurts but nobody is trully surprised. We love to take chances.

>> No.6590574

>>6588431
Because /biz are the biggest pussies in the crapto sphere. In bull times this is a really informative board. In times the bear is hitting, you find the biggest faggots here. Even the normie groups on facebook have bigger balls than the guys here.

>> No.6590591

>>6589913
Do...don.....don't se.... sell guys, I have a... all my money in cyrpto and n... need to c.... conv.... convince people not to s... sell so I don't l..... lose all my money.

>> No.6590597

>>6590445

Cool, hope we all get that perfect spot, bro.

>> No.6590606
File: 199 KB, 1156x400, 1516181246501.jpg [View same] [iqdb] [saucenao] [google]
6590606

>>6588411
>IT'S JUST A DIP!
YOU'RE JUST A FAG

>> No.6590607

>>6587003
This is a bear trap man

>> No.6590652

>>6588411
It's a fractal moron, the same pattern shows up everywhere

>> No.6590690

What happens after return to mean? 2 year limbo phase?

>> No.6590761

>>6588411
>This time my new economy is different than every other time we've seen this pattern
>History is no guide, I'm going to the moon!
You think you're going to the moon, but you're really headed straight into a massive crater. Good luck to you anon.

>> No.6590771

>>6590690
Maybe. Maybe 5 years, maybe 5 months. There is so much stuff going on fueled by this rally. Maybe some new shit will blow away everything else in a few months.

>> No.6590777

Read the titles bro. Institutional money is barely coming in. This is the first sell off. Markets operate in fractals meaning this is peanuts compared to what the real crash will look like

>> No.6590793

>>6590690
My guess is another loooong cup before it goes back up, if it ever does.

It will go back up to mean and then continue bleeding for the next 2~3 years. After that who knows, we could reach 100k or it will never recover.

>> No.6590823

So....nobody noticing this rising again? Really now lmfao

>> No.6590882

>>6590823
Did you just start trading yesterday? Fucking noob.

>> No.6590905

>>6590882
Floor was 9k, start accumulating.

>> No.6590914

>>6589911
>Govt regulation and wall street moves in
>PnD scams get BTFO
>Only coins with a product behind them (BAT for instance) survive
>Normies (read: boomers) no longer see it as a volatile gambling pyramid
>More money moves in
Screen cap this post

>> No.6590941

>>6590823
Zoom out

>> No.6590950

>>6590905
lol no. floor is 1k

>> No.6590985

>>6590905
this. 9-8k is absolute floor for now. not enough panic. the rebound should be massiv

>> No.6591030

All you FUDers are about to get owned.

>> No.6591048

>>6590905
hahaha

its just everyone waiting for it go go a bit up and sell again

this will continue downwards until everyone with losses sold everything and only those who invested 1-2 years ago remain

>> No.6591147

>>6590905
>Floor was 9k, start accumulating.
Bitcoin is currently fighting against the gravitational pull of a black hole and can only barely manage to stay above 9k.

>> No.6591177
File: 252 KB, 884x464, c22cb6033f069963e4a07f627e3e9627-6.jpg [View same] [iqdb] [saucenao] [google]
6591177

this will trigger the cryptofaggot

>> No.6591207

>>6587003
Just sold all my bitcoin fuck that garbage

I’ll only do no coins I don’t care about bitcoin at all anymore I held faith for 3 weeks my account went from 85 to 50

>> No.6591216
File: 28 KB, 500x338, 1401368457797.jpg [View same] [iqdb] [saucenao] [google]
6591216

>>6591147
One could say it still is OVER 9000!!!!!

>> No.6591256

>>6591030
>t-they'll be owned r-right mommy?

>> No.6591299

>>6591177
Isn't this already proven false since BTC has gone above 1k twice?

>> No.6591318

>>6591207
i hope you are larping...
you gonna cry so hard when the rebound to 13k happens....

>> No.6591320

>>6591177
>falling for the pulp coin scheme

>> No.6591370

>>6591318
... and then crashes right down to $900 immediately after

>> No.6591437

>>6591370
that wont happen but even thou.
selling now it absolute worst you can do. at least wait for the rebound

>> No.6591524

>>6591437
I literally have close to no money in it I just wanted to hold it long term but everything in my mind and gut is saying this shit is FUCKED I just want all my crypto shit put into no coins and I’ll ignore them a year and just pump 10 dollars into random ones every week

Bitcoin is just a faulty stock at this point it goes up like 1.8% at best lol

>> No.6591572

>>6589609
Like the tech bubble the good shit will survive. Crypto could go to a $100B market cap where vechain is 20B and ethereum is 80B. Shitcoins will die. Quality will stay. It has a real use.

>> No.6591594
File: 2.54 MB, 2948x7474, nocoiners life.jpg [View same] [iqdb] [saucenao] [google]
6591594

>I say a million times and im eventually right
>see it works

>> No.6591598

>>6588703
Reality is just a hallucination we all have agreed to believe in.

>> No.6591635
File: 166 KB, 1440x2960, Screenshot_20180113-152739.png [View same] [iqdb] [saucenao] [google]
6591635

>>6590444
>Trips
>FUN color ID

We gonna make it

>> No.6591669

>>6591177
Actually It just shows how much you drool when conscious

>> No.6591728

>>6590777
TRIPS

>> No.6591754

>>6590434
It's all good, I was planning on killing myself anyway.

>> No.6591761
File: 77 KB, 690x720, 1510071482412.jpg [View same] [iqdb] [saucenao] [google]
6591761

>he sold the bottom

LMAO

>> No.6591792

>>6589470
Please tell me you got him to invest it at 19k while you were selling.

>> No.6591831

>>6590607
Don’t be stupid it went up to 10-19k that was the media attention to delusional phase then it dropped down to 8k its past the capitalization phase it’s going to drop straight down to 2k this month

>> No.6591865

>tfw bought the bottom

>> No.6591970

>>6591761
>bottom
>>6591865
true bottom is 1k bro
legit

>> No.6592024
File: 401 KB, 447x438, kekthat.png [View same] [iqdb] [saucenao] [google]
6592024

>>6587003
meme magic is real

>> No.6592092

>>6587003
Just like the other hundred times you spammed this image.

>> No.6592163

>>6589312
How?

>> No.6592253

>>6591792
Wasn't selling. I'm still not that much of a pro, didn't see the 20k crash coming. Sold at 15k

>> No.6592261

>>6587003
this is hilarious, who made the original chart?

>> No.6592408

>>6589283
sauce on webm?

>> No.6592481

>>6592408
nevermind i have brain cancer

>> No.6592562

>>6587003
This is the first sell-off.

>> No.6592628

what if i told you
its manipulated to look like this?

>> No.6592874

>>6592628
>that's bullshit, but I believe it.jpg

>> No.6593028

>>6587861
fake and gay

>> No.6593125

>>6592562
The 1 year chart on coinbase looks exactly like this with no bias it’s been too long to be a bear trap IMO but I have no idea never done it before

I sold off to be safe if it dips and reaches the media attention phase I’ll buy but I think there won’t be any media attention on it I haven’t heard anything about it in a month or two

Saying this is a bear trap is really optimistic I mean it got really high up that’d mean it’ll be like 150k-300k

>> No.6593192

>>6587003
>believing all in one fucking chart
Crypocurrency is unpredictable, and anything can happen.

>> No.6593226
File: 24 KB, 286x176, 4C4548C1-7248-45C6-A6EE-0BA421F3F05C.jpg [View same] [iqdb] [saucenao] [google]
6593226

>>6593125
Also reminds me of this if true

I stumbled upon this chart while being optimistic when it was a bear market and it matched the same exact amount it was at when I checked it I mean it did just go up 10k really fast a crash was expected I thought it would end at 12k though

I’m out for a bit I’d probably buy back in lower I think it has hope long term bitcoin is not the currency to be checking daily

>> No.6593354 [DELETED] 
File: 24 KB, 286x176, 29024761-0BDC-4799-B302-7DBAA0791B79.jpg [View same] [iqdb] [saucenao] [google]
6593354

>>6593226
Here’s the visible version

>> No.6593988

>>6591754
unironically this

>> No.6594912

>>6591594
The fucking network is actually clogged to a level where the usability of BTC is gone. The previous price fluctuation has only been legal problems not technical ones. The question is if proof of work is even doable long-term.

>> No.6594971

>>6591594
You gonna keep posting this until the bottom?

>> No.6595074

>>6593192
Except that it isn't. I've been telling you for a month that crypto was crashing but you faggots wouldn't listen.

>> No.6595625

>>6587003
TULIP-PONZI-PYRAMID-BUBBLE! LOOK AT ME MOMMY I POSTED THE CHART AGAIN!

>> No.6595963
File: 74 KB, 1024x564, dnlduddb5ha01[1].jpg [View same] [iqdb] [saucenao] [google]
6595963

fuck off

>> No.6596038

DO I BUY OR WAIT?
AAAAAAAA

>> No.6596294

>>6590914
>Thinking gov regulation will help crypto
drooling mongoloid detected

>> No.6596527

>>6595963
notice the trajtectory rising at is goes up anon. it cannot do that forever.

>> No.6596538

>>6590914
>Govt regulation and wall street moves in
We don't need those faggots. And I mean, BOTH of them. Wall Street investors are just as bad for crypto as the government: they'll take all our profits themselves.

>> No.6596795
File: 211 KB, 1987x884, 1515458089717.jpg [View same] [iqdb] [saucenao] [google]
6596795

>> No.6596873

>>6587557
Or tradingview?

>> No.6596914

>>6596795
get a load of this retard here

you came to tell us we're all blind and it's not crashing? piss off

>> No.6597407

>>6590591
kek

>> No.6597450
File: 113 KB, 694x623, 0E94093E-0EE4-4030-99AB-9B194D7E3CE2.jpg [View same] [iqdb] [saucenao] [google]
6597450

>>6587003
buy ETH then put it in the MGXL ICO
https://magnalis.network
>10,000,000 supply
>$0.30 each
>June Binance listing
>BitPay partnership
This is going to be an amazing moon mission. It’s best to put your remaining funds into a promising project instead of sitting there watching it tank. At least have a safe haven.

>> No.6597583
File: 168 KB, 768x752, 1515396703255.png [View same] [iqdb] [saucenao] [google]
6597583

>>6590652
>>6590761
We've had the same fucking pattern several already with bitcoin. Are you truly epistemological retarded, or merely pretending to be technical analysts for erotic purposes?

>> No.6597824

>>6596538
>they'll take all our profits themselves
don't be greedy

>> No.6597938

>>6587861
Most people are still sitting on the sidelines.

>> No.6598068

>>6591594
All of those dips never have a massive drop like is happening now, they generally spring right back up.

>> No.6598157

>>6597450
SCAM ICO

Do NOT invest in this

>> No.6598185

If only BTC wasn't a shitcoin and actually worked, we would have been so much better off.

>> No.6598324

>>6587861

New idiot here

>> No.6598380

>>6590110
I'm laughing, but it's that hysterical/parranoid laughter