/biz/ - Business & Finance

just got into crypto in the last couple of years huh?

>>10700363

>>10700363

>>10700363
goes from 0.1 c to 1 c will return to 0.1 c just wait to buy in

No way this is going to $160

>>10700380
bitcoin needs to retest critical levels in the low $1 range before having another bull run.

>>10700371
Been in crypto since 2012 and can unironically say that OP is probably right about this, bottom probably closer to $1k tho.

I know it's hard to face your fears but yeah you should. Maybe think of another way to make it. This ship has sailed.

>>10700363
>worthless mmorpg coin
I think you're being unfairly harsh on mmos

>>10700397
Are people gonna mine it into negative? For $1k anyone could buy it, loads

>>10700392
I mean, why wouldn't it? The whole dream was it would be a globally accepted currency. Perhaps the global reserve. But it is clear governments don't want that. They'll make their own coins.

>no etf
>no futures eventually with the low volume they're getting
>tons of regulations

Theres really no positives or anything to look forward to.

>>10700397
I've been in crypto since 2011 and can unironically say that OP has no idea what's going to happen and is making assumptions without providing any evidence.

I'm angry as fuck. I believe we should let this fall below 6K already. I doubt we can escape that. But the insane greed of shorters right now is like this shit is going to blast to 7K in one candle.

fuck off with your log charts

>>10700412
Also
>160k Mt Gox btc tokens unlocked next spring
>slow
>energy resource hog
>not scalable

>>10700410
Most SHA256 mining will transition to BCH as it decouples and starts slowly and consistently rising against BTC. BTC will survive as its difficulty plummets, but won't lead the market for the next bubble.

>>10700363

>posts a bait chart
>"don't you dare get angry at me"

bearfags are getting close to euphoria

>>10700363
Bear here.

Are you fucking retarded or what, OP.

Stupid plebbit boomer cuck.

>>10700566
based bobo

Reminder that if you invested in BTC 24h ago you'd be up 5% already

Guys, I don't want to be that guy but is there any chart which can rebut op's? Op is making a convincing point here

>>10700577

>>10700363
>510
HAHAAAHHAHAHAHHAHA

>>10700426
Proof please, sincerely.

>>10700363
There is only one, simple, objective truth that matters: bitcoin is better currency than the alternatives.

Because markets abhor inefficiencies, bitcoin will become the world currency. Because bitcoin will become the world currency, it will have a price of $1M+

Anyone who isn't retired in 5 years failed the easiest game in the history of mankind. Rarely do you get to see such obvious systemic changes coming before even 1% adoption.

>>10700363
This. Crypto only ever really sold on a get rich quick promise, gox was merely a glitch in muh fundamentals which didn't matter because there are none, the scheme did survive. This time is the real thing, there is nothing to come back from, the game is over and smart money is already out and accumulating the next big thing.

>>10700577
OP doesn't know how to read log. you'll be fine in 2 years

>>10700717
>this time it's different
fuck off retard

>>10700755

>>10700577
they're a bunch of random lines with no justification as to why the market sentiment will trend as in his stupid chart.

Everything is going to be purely based on ETF's.

If ETF is approved, we moon.
If ETF is rejected, we go $2k
If ETF is delayed, we go $4k-$5k
Until a decision is made on the ETF, we will not break the previous high of $8.5k and we will not break the previous low of $5.8k - so use your head to plan where we are going in the very short term.

Simple.

>>10700363
Heck I wouldn't mind that if it means I can buy bitcoins again at prices like $510
Those prices would be a DREAM.
That would be like turning back time.

But btc whales won't let nocoiner normies get bitcoins for extreme discount prices like $1k... that ship has already sailed no matter how much you wish for it.

>>10700660
>Because markets abhor inefficiencies, bitcoin will become the world currency.

This the worst argument you could make for Bitcoin. PoW is inefficient. BTC needs a city's worth of energy to process its transactions. There's absolutely no reason for anyone to use BTC right now, except for the people in dysfunctional countries like Venezuela. Even with that case, people got into BTC because other currencies like USD are banned.

>>10700363

Yeep, we're definitely close to bear euphoria.

>>10700633
Unironically MacAfee believes it's going to go to 40k by the end of the year right? Then a 100k by 2020 if I'm not mistaken.

>>10700836
You can't do math, so you don't really understand why bitcoin is more efficient than the USD or any other currency. This is why you will stay poor, and all the non-brainlets will make it.

>>10700633

What the actual fuck is that TA...

>>10700373

Anon are you saying that OP just wanted to collect your brainlet memes with his post?

>>10700764
people actually think bitcoin will be more valuable than
>Every public company combined
>Every nations economy combined
>Every nations outstanding currency combined
in 7 years. HAHAHAHAHAHAAHAHAHHAAHAHAHHAAHAHAHAHAHAHAAHAHAHAHAHAHAHAAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAAHAHAHAHAHAHAHAHA

holy hell, what a baggy.

bobos have to turbo fud now that the liquidation monster has woken up

>>10700960
elliot waves, not that i have a fucking clue about them, i just pulled it from tradingview lol. Still it looks nice and not that far fetched, it appeals to both bears and bulls

>>10700763
>it can't evaporate entirely because i didn't make money yet

Be honest with yourself anon, you bought bit coins because you thought you could sell them to somebody else for more of what you really wanted, the valuable, trusted fiat currency. But the truth is you can't, the fools ran out and the game that had been running for a fucking decade finally imploded.

>>10701050
>the fools ran out

>>10700947
Lmao, nice projection, retard. Your bags must be heavy. Keep on watching those feel-good youtube videos and hope for the next bullrun.

>>10700853
He was referring to bitcoin cash, and it was 1million by 2020

>>10700633
more reasonable.... after this long-downtrend there will be a pump to trap all the deillusional bulls... however accumulation campaigns will take months. Start of the bullrun in NOVEMBER 2019 is not unreasonable.

>>10701050
>the fools ran out
Not yet.

overly bearish retard

>>10700363
no it's not

>>10700633
what a fucking arbitrary meme chart...
no it will not go to $12k and then fall back to $4k.
it will go down a bit and sideways then start ramping up for the eoy bull.

>>10701427
>no it's not
>>10701438
>no it will
>it will
>then
yeah and of the thousands of projections, yours is the correct one, right? its a meme chart, and so is your prediction

Renko $1500 soon

>>10700363
>he didnt show the patter from the last bubble

Its only really bad the first 6 months to a year, after that it levels off and stays flat for a long time. We are already past the worst of the drop.

>>10701050
More fools born every day. Zoomers will be trying to desperately escape wageslavery in around a decade if nothing else.

Op isn't wrong. The bullmarket started in 2015

No worries just 400-600 days left before the next bullmarket. Happy Holding

I've been involved with bitcoin since 2007 and this is entirely possible.

It will never ever go below 5k, let alone 1k. Its scarcity alone.. You're an idiot OP

>>10701452
chances are greater simple as that. anything can happen really, but most likely btc goes sideways staying above $6k and then starts ramping up by eoy and will hit $100k this year or the next i'm unsure on that. depends on how strongly the mania hits.

>>10701516
>>10701625
>he doesn't know about logarithmic double peaks

>>10700363
We're going somewhere between 2 and 3k

>>10701700
and then you woke up and realized your hands fell into the potty.

>>10701757
Whats that mean

>>10701791
it means you have been dreaming and woke up to dropping your hands into the potty.

>>10701438
>it will go down a bit and sideways then start ramping up for the eoy bull.

lol tell me next weeks lotto numbers too

>>10700363
We're literally in bear euphoria kek.
>NEW PARADIGM BITCOIN 3k NEXT WEEK

>>10701854
there is a new paradigm tho, if you see previous bubbles of bitcoin it never had a nice hard even bottom after ath like this before...

>>10701866
ops pic kinda sucks but take a look at this...
it is new. people are now wiser you expect them to panic and don't understand why they don't because they know by this time what will come.

Oldfag here, this is bullshit. Alts down 90% and bleeding for months is not "disbelief".

>>10701120
lol bch doesn't look like it's going anywhere i was rooting for bch i thought ta the time it was the rational choice but it turned out not to be the future pretty clearly. basically just an other shitcoin.

>>10701920
exactly this.

$5-$6K range is THE bottom, and it's gonna be the bottom for a long time. If there was going to be a panic selloff, it would have happened by now (actually, late Jan and late Feb WERE the panic selloffs).

This market is not "unique", but certain aspects of it are, and supply-and-demand markets don't crash the same way that (for example) stocks do.

There's also a HODL religion in this, made up of a lot of people who will simply refuse to sell. The closest thing is gold, which peaked in 2011 and crashed a lot, but never went all the way down. It fell hugely, but stabilized, and has mostly just gone sideways for the last few years.

The vast majority of normies are long gone. This is now mostly a market of traders and crypto enthusiasts again. And they're not going to let it fall to $3K.

>>10702176
in case of gold china and russia buying anything under $1100 has a lot to do with it not crashing below. the west largely only sees gold as an industrial mineral now. the east still tries to use it as some hedge or prop.

>>10700363
>>10700397
>>10700398
>>10700412
>>10700482
>>10700577
>>10700771
>>10701050

BTC might get a few upwards trends but it's going to hit rock bottom eventually.

>>10700363
I’ve been in crypto since 1998 after reading nick szabos piece called the God Protocol. I can tell you OP has no clue what the fuck he’s talking about and should understand that smart contracts have more potential than a currency.

>>10702253
>smart contracts have more potential than a currency
only if they can truly interact with the real world in a decentralized trust-less manner which is just a dream right now. and seeing how russina state propaganda successfully managed to fucking confuse the shit out of the worlds population via botnets and social media choking truth and reason into a fucking ocean of lies and desinformation i really don't see how you could even trust decentralized solutions for "truth".

>>10702198
who's this hottie

>>10700363
>You might not like it but gold’s going back to $300.

assuming we don't violate the support line 5-6k