[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 38 KB, 659x525, 38e.jpg [View same] [iqdb] [saucenao] [google]
7377262 No.7377262 [Reply] [Original]

>/biz/ says btc will never break 8.3k
>btc burns though 7k like nothing
>/biz/ says btc is going to 4k, 2k and under 1k for sure, bubble popped
>*YOU ARE HERE*

What do you think is gonna happen?

>> No.7377364
File: 44 KB, 400x400, A357C2B7-D500-4CF0-97BF-CD2E7AEBD04A.jpg [View same] [iqdb] [saucenao] [google]
7377364

>>7377262
>never listen to /biz/
>never listen to /biz/
>never listen to /biz/
>never listen to /biz/
>never listen to /biz/
thats the only advice, you'll ever need. always remember, /biz/ hates money.

>> No.7377379

I haven't seen this as the general consensus at all.

>> No.7377390

>>7377262

Anyone who said it wouldn't break $8k was speculating based on nothing.

Return to mean was always around the $6k mark. If it drops considerably past that (say lower than $5k) then all bets are off.

Until then, we're on track for returning to mean. Technically we already have and it's since rebounded. We'll see if it holds this time.

>> No.7377511

>>7377379
Just look around the laughing at bag holder threads. Suddenly everyone has sold and waiting to rebuy at 1k in their words.

>> No.7377520

>>7377262
It is going to go below mining costs which will cause miners to not be profitable and tx fees will skyrocket to bridge gap.

The endgame will be an acceleration to the halving. That can be the only appropriate endgame.

>> No.7377577
File: 39 KB, 1508x834, 3b981bece61ba3a32c43b36671eeb230.png [View same] [iqdb] [saucenao] [google]
7377577

>>7377390
I read almost this same damn thing yesterday, but it was 7k instead of 6.
>If it drops way below 7k, then it's different.
>But 7k is the return to mean and it won't break that.
This is nothing but yet another bounce on our way down to where it was before this bubble started at 1-2k
Don't let this first green candle after all of this red fool you. This shit isn't reversing.
It might hit 8k or a bit over, but then it's another leg down. Give it couple of days.

>> No.7377618

>>7377262
I think this happened last year too and by the later half of the year we will be back to big gains. I think that you should buy either now or a little later when it's cheaper.

>> No.7377700

>>7377577

Well then whoever said it has no idea what they're talking about.

This isn't subjective. The return to the 2017 mean is $6k based along the chart lines. It's as simple as that.

If it goes well below $6k, then it's unlikely to be a mean line reversal, which means there's little in terms of TA to suggest how low it will go.

>> No.7377794

>>7377511
It's called fucking around with people, I don't take it serious.