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/biz/ - Business & Finance

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7869849 No.7869849 [Reply] [Original]

Guys, I think it's over. The market just keeps bleeding out. Every time we recover a bit we bleed further and further. At some point we'll have another 50% crash, which will lead many of us at least 70% below or initial investment. New buyers are driven away daily. The technology will survive, but the speculative market seems to be nearing its end.

>> No.7869895

>>7869849

Nah lad, better to have a solid correction now than a 70% correction in two weeks simply because we pumped to 15k in one.

>> No.7869903

>>7869849
reading this i can clearly tell you, you are a newfaq.

>> No.7869934

>>7869895

so this

>> No.7869952

>>7869849
In times like these only the best blue chips will survive. Shit coins will not survive.

If we do have a prolonged bear market then it could be a blessing in disguise. You'll be able to get blue chip coins cheaply, many of them will completely retrace from ATH. You'll be able to load up as much as you can of your favorite blue chip coins as if you're getting in at the ground floor and then cash out/sell to the new normies in the next bull run.

>> No.7870001

This is good.

All the ridiculous hype & shilling needs to die. And anyone who bought shitcoins need to go broke.

>> No.7870029

>>7869849

I won't be surprised if we go 3K eventually. That would mean a 90% correction though. The hardest BTC ever witnissed, despite the attention..
I wouldn't even mind - just let it reset and shake all the faggots out.

>> No.7870039

>>7869849
Look on a daily chart, whether you guys dislike technical analysis or not, the bears smashed things down as bitcoin hit the clear trendline/upward line of the channel. Whether or not you guys want to admit that's the reason or not is fully up to you, but that's what happened.

I was partially expecting some resistance there, but things didn't turn out the way I wanted, no biggie.

It's not over yet. When bitcoin fell near the 6k level, there was a violent volume response as the bulls dug in, and provided their full strength of support.

Things cannot go up forever, there must be times where markets have to revert downward as profit-taking occurs. Don't let this get you down if you're truly are interested in the block chain data structure, and cryptocurrencies. And for now, buyers are still here in this market. They're just looking for opportunities.

>> No.7870204
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7870204

>>7869849
Stop being a faggot op

>> No.7870347

Imagine basing your investment strategy on le HODL meme

Imagine not selling after a week long bull run of +100%

IMAGINE THERE BEING NO GAIN% POSSIBLE TO MAKE YOU THINK A PULL BACK IS COMING AND THAT RISES WILL CONTINUE FOREVER

You fucking idiots deserve everything you get. And you wonder why Wall St fucks you.

>> No.7870352

>>7869849
30-40k before summer

>> No.7870384

>>7870352
this

>> No.7871005

>>7870352
At current rate, it will sail between 5-12k all way till november/december and then sudden bullrun and then crash again hard on jan 2019

>> No.7871041

Yep. See you at 2k or lower.
You're deluded if you think it's going up from here. They're pushing it down to buy low (really low) and make gains in the next two years.

>> No.7871066

>>7870352
Based on who buying that much market cap? Are you one of those idiotic "institutional munney" retards? You are, aren't you. Stop being a retard.