/biz/ - Business & Finance

Give it to me straight: will this ever reach a new all time high again?

>SPX neutral
>BTC dump -5%

>SPX at 3900 two weeks ago, BTC at 33K
>Similar level now, BTC as 20K

>SPX drops -15% from ATH
>BTC drops -75%

It's like this shit want to crash to zero

What does it mean for BTC future? Is it truly over? It's acting like utter shitcoin for months but last 2 weeks been truly disgusting and underperformed all assets (Nasdaq and S&P are currently at the same level they've been when BTC was at 33K)

BTC/(TOTAL-USDC-USDT-BUSD_MARKETCAP)*100 on tradingview

We hit higher level than Nov-Dec 2018 capitulation (Chart above only show post 2020 because BUSD/USDC didn't exist back then), BTC dominance peak at Bitcoin bullrun not bear market, Imo Alts are safe from here and have a large room to grow.

>BTC 20K

Shitcoin

>Failed as a store of value
>Failed as inflation edge
>Underperformed equities since 2018
>Insane global warming fud
>Actually undermine central banks thus will never succeed

Certain blue chip alts at least have unique utility/narratives, BTC whole narrative is getting destroyed rightnow. The problem is picking the right alts tho.

>Alt market is gigantic relative to 2017
>Stablecoins are basically 30% of the alt market dominance, meaning they only increase in the bear
>Aggerate use case across all protocols did x1000 since 2017

Yet BTC.D is still 50% higher than 2017 lows, It's impressive desu but not sure how long this thing will sustain

Fuck this 52,500$ stablecoin

Watch this retarded BTC maxis, some Chinks are conspiring to dump and centralized BTC right this month (starts at 2:45):

https://www.youtube.com/watch?v=BcH0eZE2Mhw

It just keeps going, such a shitty Elon pump candle yet it still keeps going

Crypto movements are manipulated beyond belief now because off all those institutions. Makes me sick

WHAT THE FUCK WAS THAT!!!???!?!

Why do people still invest in this? Bitcoin is too slow and volatile to be adopted as a widespread currency. A stablecoin would be used if crypto were ever used as currency. Its "digital gold" value is pure speculation and hinges off of mass adoption (unlikely). Ethereum and Link offer actual utility value (smart contracts). Even if Bitcoin rises in value, ETH and LINK will rise with it, likely even more, due to their lower market cap.

>I am forgotten

>bleeding in sergs

Goddamnit why the fuck is it dumping and don't tell me that tether fud bullshit

sorry but this isn't the end
take it out at 60k
trust me
people forget that bitcoin had dips in 2017 up to 9 days and still climbed
we saw such a huge climb that we forgot that its going to dip for a week before it goes back up
this isn't the top and nowhere close to it
we still have at least 3 more dips like this that will crab for a week
its going to 60k based on how much its copying 17-18

Goddamnit when is this fucking shitcoin going to stop going down

Assuming BTC continue the cycle of doing x2 less than the previous run (x40 in 2011-2013, x20 in 2013-2017 and now x10 from 2017-2021-22)
Assuming BTC dominance at 35% like it was in previous top.

The circulated marketcap of the top 10 in that scenario should look like this:
>3.8T
>1.5T
>1.5T
>700B
>350B
>200B
>200B
>150B
>150B
>120B

Now to my prediction, Assuming we give any other coin beside Ethereum/BTC in my top 10 list an equal chance, Meaning the value between the 3-10 spots will be distributed between them equally, We get 421B marketcap for each, Let's do a thought experiment to guess the valuation of the most quality alts on the market:

>BTC- Potentially x7 ROI
>ETH- Potentially x20 ROI
>Chainlink-Potentially x70-80 ROI assuming 50% of the supply will be circulated
>Dfinity- Not listed
>The Graph-Potentially x120 ROI assuming eoy 2022 supply
>Avalanche-Potentially x2400 assuming eoy 2022 supply in circulation
>Polkadot-Potentially x45 ROI assuming annual 10% inflation
>BCH-Potentially x60 ROI
>Filecoin-Potentially x10 ROI assuming fully diluted
>Litecoin-Potentially x50 ROI

It sound a lot but in 2017 even the biggest alts did x1000 in a year, It's clearly a very optimistic scenario so keep that in mind.

the standard. deal with it

why in the fuck would anyone trade crypto over stock options? crypto makes no god damn sense its just more useless garbage for already useless garbage in a small office with 10 employees who are just all in one project that they want to cash out the second it shoots up and then it crashes the next day

with calls youre doing the same shit without having to wait around for 3 years to make you money and you can get it done and over with in 2 weeks or a couple months. its fucking ran on companies that run in 30 countries and and ran by mega billionaires and shit

Bitcoin prediction thread

seeing this go up so high is kinda pissing me off i wish i bought. i literally held bitcoin for 3 years and it didnt do shit so i just sold it and then BOOM a week after it does this shit god fucking damn it.

i was saying ill probably buy back in when its 3-5k but i dont know if its gonna drop that low. i dont know if its gonna drop hard as fuck after this run up or just drop down to like 9k

Why do people still invest in this? Bitcoin is too slow and volatile to be adopted as a widespread currency. A stablecoin would be used if crypto were ever used as currency. Its "digital gold" value is pure speculation and hinges off of mass adoption (unlikely). Ethereum and Link offer actual utility value (smart contracts). Even if Bitcoin rises in value, ETH and LINK will rise with it, likely even more, due to their lower market cap.

First of all - I am not a BTC maxi. I believe smart contracts will take over the jobs in finance in the future (escrow, etc) causing a lot of people lose their jobs.

BUT how can you even compete with something named BitCoin? I mean the name is so perfect there is no way it will just disappear. It will always be there. Perhaps as a store of value, but I dont see how it could just disappear or be surpassed by something else.