/biz/ - Business & Finance

>DUMP IMMENINT
>WE'RE JUST GETTING STARTED

With these two dynamics seemingly split, so what if we just crab?

Haven't heard this theory yet. Sophisticated investors are saying everything from a retrace to 100k soon. What if we just sort of hang around 20k for a while and then move up slowly throughout the years?

I'm predicting that Bitcoin will see 100k within the next few years, just based on simple supply demand economics if nothing else. But that's going to feel like crabbing to most of us. I think It's effectively going to move up like a tech stock 10 years ago, albeit at faster pace.

>>22027024
LunarCrush is a good place to get a reading on what's hot now.

>>22027172
I kind of mostly agree with this guy but for different reasons. I'd recommend:

>Hex
This is the future of cryptocurrency because it understands exactly what cryptocurrency is in 2020. It's DeFi and it's revolutionary meta. There's more than meets the eye here. There is an "ah-ha" moment that you'll get after spending a few hours researching the philosophy behind it and the history of crypto (Richard Heart's YouTube debates are invaluable). This is going to be a top 10 coin without the slightest doubt and possibly further. It's a crypto CD. It's the most transparent and honest project ever designed. It popularized DeFi. It made Uniswap. It's huge.

>SXP
Relatively small market cap gem being backed by Binance which is the largest crypto exchange (bank) in the world. Staking is the future and the staking rewards look great. Icing on the cake are the cards that offer relatively great interest compared to traditional credit cards.

>STAKE
I was late on this but I believe we're still early. Relatively small market cap. Vitalik has espoused it and it's a no-nonsense project that relies less on hype than it does function. With ETH fees hitting critical mass and with ETH 2.0 most likely years away, there will be a real and non-imaginary market for alternative chains such as this one.

>>20185458
think of it this way
there are 28 coins with higher market caps that do absolutely nothing

n o t h i n g

all speculative investments with no use case whatsoever - this is a fact, verifiable via facts. crypto use case isn't increasing, it's fucking decreasing. it's only used as an investment. so is this really such a stupid coin? anyone can copy paste roadmaps, white papers and partnerships.

if people were smart this would be #1 and the paradigm shift that crypto needs, finally a fucking honest cryptocurrency. instead we have a bunch of schizo's shilling and circle jerking their super useful coins, the financial world will surely buy their bags sooner or later..

at the very least, this coin makes you smile

>>18825566
HEX isn't like the others. It's the coin that says fuck you to the dream of the crypto one world currency. The flippening. The XRP fantasy. It goes beyond what crypto has now become and is a new style of investment unlike any other. It's new, and people like new.
DYOR.

>>18410403
This is actually a really basic concept but you have to take yourself out of the contemporary context. The average rate of productivity growth remains relatively steady throughout history. This means economic growth slowly goes up, it doesn't shoot up or down over a few years, and if it does it corrects for itself over time.

That being said, the stock market had shot up too fast. Decade bull market. If you look at the stock market since it's beginning, with or without a pandemic, this fall was going to happen. Don't believe me, just look at the graphs, it's history.

The stock market oscillates both on a micro and macro level. On a micro level, obviously it's going to go up and down whether it is bullish or bearish (though bullish ultimately wins). On a macro level it's the same way, it goes up and due to fundamental human behavior it bites off more than it can chew (greed), and oscillates in a series of overreactions and corrections.

TLDR: Stocks don't travel in a straight line, they move up and down via the day and the decade.