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/biz/ - Business & Finance

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8691280 No.8691280 [Reply] [Original]

Bear fags are acting like bull fags when bitcoin was near $20k

>It's going to go down forever!

>> No.8691299

Nah, we're having one nice short squeeze all the way up to 8000 to liquidate all the shorts. After that, the show goes on

>> No.8691331

>>8691299
See that's exactly what I'm saying!
>no just one more dip and well break $20k

>> No.8691338

>>8691280
You do realize bitcoin is not worth anything

It will inevitably correct down to zero, it's just a matter of time

>> No.8691357
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8691357

>>8691338
Keep believing that

>> No.8691368
File: 26 KB, 599x581, volume.png [View same] [iqdb] [saucenao] [google]
8691368

>>8691331
This lamentable volume is not going to take us very far. Even the impressive volume on February 6 only resulted in a dead cat bounce.

>> No.8691396
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8691396

>store of value

>> No.8691401
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8691401

>>8691368
>might see a sell opputernity here

>> No.8691409

>>8691357
It's not a belief, it's a fact.

You can keep riding the ponzi scheme, but it will inevitably go down to zero, because it has no real world use.

>> No.8691424

>>8691338
At least make your bait realistic, anon

>> No.8691442

>>8691338
>>8691409

Here's the thing, you're referring to BTC being worth 0 dollars, but 1 BTC will forever be worth 1 BTC, and in the future, that's more valuable than any fiat you can come up with.

>> No.8691446

>>8691280
there is no bottom

>> No.8691453

>>8691280
basically this lol. for some reason on biz it's okay to be a perma bear. probably because 99% of people here are losers and want to see other people suffer or something.

>> No.8691467
File: 64 KB, 557x390, Screenshot_20180401-160118.jpg [View same] [iqdb] [saucenao] [google]
8691467

NYSE in 1990
>weve peaked! Just look at that volume! 19 billion a day!

>> No.8691473

>>8691409
>it has no real world use.
try to send money internationally with and without btc. tell me which is easier. then kys

>> No.8691496
File: 87 KB, 785x227, Screenshot_20180401-160142.jpg [View same] [iqdb] [saucenao] [google]
8691496

>>8691467
2018
>43 billion daily

>> No.8691505

>>8691473
Cashing out BTC is subject to anti-money-laundering laws, so go figure

>>8691442
The thing is, BTC is not the only cryptocurrency in existence. Besides, as we've seen 3 months ago, it's not very scalable.

>> No.8691565
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8691565

>>8691280
I think we may reach a point in about two years where bitcoin is negative numbers. That's right, people will literally pay you to take their bitcoins.

>> No.8691595
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8691595

>>8691280
but this time it's actually different though. join the dark side and see the world through the new paradigm of lower lows, forever, until we all are driving Lambos in Agharta

>> No.8691622

>>8691496
stock shares tend to have tangible assets helping hold up the price. Of course there are some shares that have literally zero assets when you count their debt, they can go to zero. But no stock that has assets after covering all debts will ever go to zero, in the event of a bankruptcy it will only drop as far as its liquidation price.

>> No.8691641

>>8691496
thats surprisingly small for the market cap compared to crypto

>> No.8691648

>>8691338
Bitcoin will stop existing before it reaches zero.

>> No.8691689

>>8691565
kek

>> No.8691800
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8691800

>>8691565
>the year is 2021, BTC value is still dropping, day after day. it's current price? negative $200k...according to the /biz/ crypto elite we are currently still in the "delusion phase" of the bubble, and the bottom is nowhere in sight. the unlucky few that still own BTC are now property of the new world government, and face a grim future as most of them are forced into slavery for the rest of their lives.

>> No.8691813

>>8691280
It's not going down forever, but it is going down to 2000.

>> No.8691922
File: 1.72 MB, 1197x615, eagletrap.png [View same] [iqdb] [saucenao] [google]
8691922

>Total market cap drops >70%
This is a bull trap

>> No.8691925

>>8691813
Are Anons like you trying to make future screencaps breads

>> No.8691971

>>8691442
>1 BTC will forever be worth 1 BTC

1 piece of worthless shit will forever be worth 1 piece of worthless shit

Amazing logic

>> No.8692018

>>8691473
>sending "money" with an asset that swings 20% in a day

Are you retarded? Nobody in their right mind would use bitcoin for anything serious. It's only use is for scammers to fleece idiots like you of their money and then get out of the market.

>> No.8692034

>>8691565
>>8691800
The most realistic scenario would be the government putting an annual tax on bitcoin like they do on properties. This might be enough to force it into negative numbers as people unload to avoid the coin holding tax.

>> No.8692042

>>8691971
he meant what people are willing to pay for it
People won't pay for shit faggot
People will pay for a piece of digital shit though
/thread
I'm a bearfag unironically, literally the 'Bearfag' of biz
I see BTC dropping more... a couple thousand more before recovery. And fomofags WILL come back in

>> No.8692061

>>8692018
You're probably like 16 years old

>> No.8692076

>>8691442
Dream on, deluded retard.

>> No.8692184

>>8691368
>volume is low because there's nobody buying at this price
no, volume is low because there's nobody SELLING at this price.

See how it works both ways?

the order books clearly show that there is plenty of money waiting to buy (lower). When they realize that isn't going to happen . . .

half of the sell volume going on right now is due to deep pocketed buyers putting the coins they buy as downward pressure on the sell books. when the supply of emotional bottom sellers runs out . . . we go up.

>> No.8692247

>>8692184
Green candle = more buying pressure than selling pressure. Compare the green candles from those two periods, it definitely looked more optimistic in February for the same price levels

>> No.8692259
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8692259

WOW look at this trend! BUY BUY BUY BOYS MOON TIME

>> No.8692286

>>8692259
zoom out

>> No.8692304

>>8692259
Learn to spot obvious Falling Wedge pattern.

>> No.8692342

>>8692042
Imagine if people weren't willing to pay anything for buttcoins

This is the reality that will eventually come to pass because they are simply worthless outside of emotional arguments

>> No.8692364

>>8692018
You are such a massive retard lmao

>> No.8692386
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8692386

>>8692286
>>8692304
You're right. The pattern is now clear. Sorry for my doubting.