/biz/ - Business & Finance

>>6725815
Objective stock market vet here.
Confirmation bias is the no1 enemy of investors.
I made money on WS with braindead normie investors for years, mr market isn't even half as smart as many people think.
Newer to crypto but can't be that different, probably worse.
btc is a meme and you are right. I think it will trend back to 15k (if at all) again just to be shortsold again.
It is poised to fall, it has less of a future each day.
The more people understand about bitcoin the more they must see it's a meme if they are not category 1/2/3/5:
>decentralized
Who is Satoshi? Is he compromised, is he the chinese government in the end?
>Ebbil banks don't hold btc, we people do
Wrong. Drug dealers, human traffickers, weapon traffickers and the old elites evading taxes + China which bought into this many moons ago because stock markets had an investment crisis and people didn't know where to put all that cheap QE liquidity.
>btc will heal the world
btc is an ecological mess (see power consumption). If it was actually used by everybody it would probably consume 5x the power the earth can create just to ping pong some bits over the internet for horrendous fees via a congested network.

Reality is: If btc doesn't get cheaper it has no chance to survive.
Even digibyte is more effective in moving money from exchange to exchange.

So can we all agree on this?
I remember you guys when I told you fiat is controlling BTC now when they started to put out derivatives.
>muh no underlying, muh decentralized, muh ebbil central bank
Now I get youtube ads for Vontobel shorts.
You still don't get it do you?
Fiat took over, WS is shorting you dumb mongrels and they are having a blast.
Every time BTC will make solid gains it will be shortsold..and we all know you will always buy because BTC = 1 million is just around the corner, right?
It was basically visible in the charts, the moment futures started stabilized the price volatility and locked in BTC, just to take a jump and dive down.
RIP.

>>6551373
this is the painful process of separation

>it will try, it will fail
I tell you what is happening, kids:
Big / smart money is leaving the sinking boat.
Bitcoin is dead.
What you see is it's last convulsions before going down.
Even normies understand BTC now, it has lost it's magic and you will be hardpressed to find anybody buying into crypto via this mess of a payment system.

I have good news as well:
What we see right here is the birth of the real crypto market. It's a painful separation and alt-coins will bleed but once BTC is history the good coins will thrive.

Ask yourself:
Why would you pay horrible network fees, accept horrible transaction times to sit around with an overvalued meme in hopes of some imaginary rallye not being subdued by derivative selling pressure?
That's what normies ask themselves right now and so should you.

its done, dominance dropping every day, superior coins rising up, lighting network is a kike takeover attempt.

Its dead and its best you corecucks move on.

Press S to shit on grave

Alright every one ima get straight to the point, bitcoin has no use and nor will it ever so what is its purpose? I believe this to be the death of bitcoin but the rise of other altcoins that actually have a use. Why buy some coin with no purpose when you can buy one with some purpose. Play it smart and don't be afraid to switch. Bitcoins reign has come to an end

Is Bitcoin losing its dominance a good sign or a terrible sign for the whole market?

Normies are smarter than we thought.

They FOMO buyed BTC to ATH, this was their baptism to cryptocurrencies. Then they realized that it's already mooned and extremely priced in (they're only making more rich early adopters), so they started looking for the new Bitcoin and overbought the king of shitcoins (LTC).

I'm not shitposting, think about it.
BTC going from $15k to $1m is a 6500% gain

LTC going from $150 to $10k is as much as a 6500% with the difference that they can afford a whole LTC right now.

They don't give a fuck about the tech, the use case and shit they just want to make money, dollars (not more BTC) and store them in fucking banks. So why should they fucking buy Bitcoin instead of pumping LTC to $10k?

While you retards are buying ATH every day we have 180000 unconfirmed transactions.

Just die already

Nobody likes you

Buuuuurn

Don't you get it?

20 billion disappeared from the market cap in 12 hours. Unlike a 20 billion cap rise, which causes euphoria and parabolic growth, this will shock and deter people for good - especially ones who got in and lost their pants. Brothers, mothers, sisters, kids - they will all be told to stay away from this piece of shit and capital required for growth will stop flowing in. This means the downward spiral will go on and on. None of them are looking to come back for another ride. None of the potential investors are looking to come back and throw more at it. The alts will start dying starting today. The trust is gone. Bitcoin does NOT have an intrinsic value. This means it could drop to any low any time. Especially with chink money involved.

Unlike 2013 when Bitcoin was new and exciting and worth getting back into, now Bitcoin is like an annoying old hag - with a big backlog, slow, expensive and still surprisingly hard to get. Stop looking at the past charts where it always makes a beautiful recovery. This time, we are going down HARD. If you sell now, you still left at the top.