/biz/ - Business & Finance

>>10744596
Big if true

>he doesn't know

>>10744625
>He pretends he does

>>10744596
thx just shorted 100x

Makes sense. It would be the despair dump that everyone is waiting for.

>>10744639
touché faggot

>>10744717
No, it will be the BEGINNING of a multi year bear market

>>10744717
I hope so I need to fill my bags

Buy around 2k, thank me later

The ETF date (Sept 30th) seems suspiciously placed in the graph.

>>10744762
kek, this is exactly what bottom sellers of the capitulation candle will be thinking

>>10744845
kek, this is exactly what those who will buy at the beginning of the bear market will be thinking

How stupid do you have to be to believe a bear market BEGINS AFTER a ~70% fall in price
It's not even about financial knowledge, it's about common sense and basic definitions

>>10745065
t. retard who will be holding all the way to 500

>>10745065
you are not as smart as you think you are, kiddo

the 70% CORRECTION was the first selloff after 3 years of a bull trend in the most obvious bubble in human history,
last hesitant investors are now in and they will be BURIED by a multi-year-bear-market.

>>10745108
I'll even buy more at 500, but does that have to do with anything ?

>>10745110
Talking out of your ass with a non-sense chart you think prove your non-existant point.
9 months of falling prices to 30% of last high is a bear market by the very definition of it. Long-term, we're all dead, "kiddo".

>>10745144

>>10745144
you are obviously new and never experienced a bear market before
in crypto, the bear trends are much longer than bull trends
HINT:the bull trend lasted for 2.5 years and made all investors filthy rich

THE BOTTOM IS WHEN ALL NON PROFESSIONAL MINERS SHUT DOWN THEIR MACHINES

you are in for a long and painful ride, newfag

>>10745201
Lmao, where did I even say the opposite ? You're proving my point
Playing superiority when you're can't even read... never go full retard

>>10745201
>being this retarded

your and idiot

>>10745245
you're*

>>10745065
The last time Bitcoin crashed 70%, the real bottom was half of that.

>>10745201
Wrong. The goal is to pump BTC's price so high that it goes above $100k and stays above $100k so that no normie will ever be able to acquire 1 whole bitcoin

>>10744596

yeah well, it can break upward too. see pic.

>>10745379
So ? How does that contradict my post ?

>>10745409
Different setups, look at what happened before the triangle.

>>10745518

no, its not different.

lmao so many delusional bulls ITT

>>10745688
read this>>10745518

>>10745688
It is totally different, don't waste my time.

>>10745110
>70%
>correction

70% is a fucking crash you mong. Why the fuck would you call it a correction, that implies that you could hold through it. Holding through a 70% drop is proof you're on the spectrum.

>>10745409
what's this one called? the ascending descending triple falling wedge?
>meme lines

>>10745886

you're seeing what you want to see. i know it can easily go either way. you cannot predict the future and your gay meme lines cannot either.

>>10745688
>edit OPs image so the previous trend jsnt showing

why are permabulls so fucking dumb?

>>10744762
>BEGINNING
>been in bear market for 7 months
>most coins lost 90% value
>BEGINNING

Meme eliot waves predict long bear, like at least 2 years

T. Sitting on tether

>>10745968

im not even bullish. just pointing out that meme lines don't work. it can go either way. a big green dildo can come out of nowhere easily.

Breaks up or down depending on etf. So most likely down

>>10745991
yeah meme lines dont work when it's your dumbass editing the photos. zoom out, idiot

>>10745201
kek
you're trying too hard

yep

>>10746003
>If ETF is rejected, fear will cause a huge dump.
>If ETF is approved, whales will cause a dump to accumulate

Does anybody see a different scenario for late September?

>>10745970
Basically this we either go up or basically at this point go to 0

>>10745110
>Newfag so desperate not to lose money on his shorts that he shitposts on 4chan

>>10745970
Most coins are going to zero. I thought this was clear.

>>10745961
Wrong again. You keep forgetting about context for some odd reason I don't really care about. Good luck with that.

A lot of people in this thread assume this bear will be identical to 2014 even though 2014 was caused by Mt Gox. There was no black swan this time, the market just got pumped way too high because of coinbase normies and then popped.

>>10746269
>the market just got pumped way too high because of coinbase normies

https://medium.com/coinmonks/statistical-analysis-of-bitcoin-price-manipulation-by-tether-issuance-in-late-2017

>>10746269
>pumped way too high because of coinbase normies
The best meme of this board

I think the down trend is over. I think its a side trend now.

> muh multi-year bear market

so there are still brainlets who think bitcoin will go down in value? Crypto regulation gets positive traction in most leading countries, G20 will provide a positive legal framework for cryptos, binance is expanding all over the world, wall street is in enrage mode because they missed the train stopping Coinbase being the no. 1 exchange, the CTFC will approve BAKKT in November and the SEC approving the ETF in February 2019 (which is almost a sure bet when BAKKT is running)?

I mean wtf is wrong with you perma-bears? It's okay to short the fuck out of the current market, but that multi-year bear market meme lets you look like an idiot.

> but muh they will short it

like any other market, with that logic, no stock/metal/currency would gain value

>>10746185

same stupid meme, haven't you looked at the charts in the last days? Even shitcoins like XVG gained 25% because of the $200 BTC pump. ppl like you are the perfect indicator that we still have enough dumb money in the market.

>>10746646
All that shit is priced in

>>10746646
whats the point of crypto when theres venmo lol

>>10745943
It's called the delusional triangle.

>>10746547
If we bounce off another 5.8-6 again then we will confirm we are just in a sideways slide for a few months.

>>10746905
LMAO
How can a fucking ETF be priced in ? You think VanECK is going to take the risk of accumulating BTC without its product being approved and without fucking clients ?

>>10746888
Lmao. What is a 25% pump after a +90% dump? A drop in the ocean.
Shitcoins are going to zero.

>>10746905

I'm not talking about cheap buy the rumor sell the news pumps, everything I mentioned will increase the trading volume and is a big step of adoption. Every mentioned event (especially the ones in the US) is legitimizing BTC and crypto in general.

>>10746995

are you fucking stupid? Did you even know the difference of crypto and that centralized account blocking piece of shit venmo/paypal? leave this board you dumbfuck.

>>10746646
>CTFC will approve BAKKT
BAKKT getting approved for anything is pie in the sky. Its the last thing deluded bulls can cling onto because most of them a realizing the same is true for any ETFs ever.

>>10746129
if etf is approved, institutional investors will bring in so much money

>>10747075

I agree, but the main point is that even shitcoins like XVG are still being bought in a bear market, take a moment and think about that, what will happen if we see BTC over 10/15/20k? Do you really believe the market will suddenly stop investing money in the altcoin market? Why?

>>10747095

Read the news and the general sentiment of the CTFC, nothing is 100%, but I'll long btc on that decision. The risk to miss the train is way too high on that one.

>>10747083
I came here before cryptocurrencies became the next big gambling trend

Keep speculating on shitcoins and telling yourself "its different this time." I'll stick with profitable financial instruments.

>>10747198

"its different this time." would mean BTC will crash to zero. You sound like my dad telling me to sell BTC at $500 years ago. Have fun with your baby gains and don't forget to wear your suit to keep integrity with your 'profitable financial instruments'. lol fucking boomer

>>10747181
Provide proof because I think its all smoke and mirrors.

>>10747278
Everyone understands that crypto is all manipulation if not outright criminal activity and there is no actual use for any of them. Speculative hype is one thing, but real investors want something with actual fundamentals. If I were a betting man, I would bet that all of this goes to zero within a few years.

>>10747389

proof of what? Of the signed deal with the CFTC? DYOR regarding CFTC's sentiment, there are enough quotes on that.

> Speculative hype is one thing, but real investors want something with actual fundamentals.

Are we trade in different worlds? Real investors want their bags of money, they even would trade horseshit if they see a good opportunity.

> with actual fundamentals

like TSLA?

>>10747278
>trading S&P options
>less profitable than bitcoin
summerfags are cute

>>10747487

> trades S&P options
> doesn't know how to trade BTC with leverage

hello mr. boomer, let me tell you how to visit bitmex on your netscape browser

>>10747613
>trade BTC with leverage
>being this poor
enjoy controlling $10000 of BTC with $100 and getting liquidated by one tick movement down

>>10746160
>we either go up or basically at this point go to 0
of course it's impossible to go sideways of go down a little then up then down then up then up then down then up... no that can't happen never happened never will.

>>10747613
Options are non-symetric you brainlet

>>10744596

It already rejected the breakout. Wew lad.

>>10745359

>Admitting he is retarded

Only on /biz/

>>10744596

>not recognising literally the biggest bullflag on log scale

faggot

>>10746646
I don't know how long this bear will last, but I lol at people judging the nature of this bear market by comparing it to previous ones. Like just lol, look at transaction volume, or exchange volume, during previous bears compared to now. The main reason those bears lasted so long is because nobody was fuckin using crypto; it was essentially impossible for normies to use. The environment is completely different this time around.

>>10746269
>There was no black swan this time,
BITCONNNNNEEEEEEEEEEEEEEEEEEEEEE

>>10748772
yeah people need to zoom the fuck out from time to time. get some perspective.

>>10748772
well, it's definitely a bullrun on the negative linear scale

>>10744596

>>10748819
you are funny

>>10748837
You are just copying previous patterns, so I don't hold much stock in that picture. However, the way the news is laying out it really might just follow that first quick bear as everything starts going bull in the late fall.

>>10746405
Let's pretend we are bittrex.

>Customer wants to buy $20000 in BTC and will buy using USDT
>Customer wires Bittrex $20,000.00
>Bittrex needs to credit the Customer's account with $20,000.00 USDT
>Bittrex only has $5,000.00 USDT
>Bittrex has to go Tether's window to buy it
>Tether doesn't just hold onto Tether because it requires USD backing
>When there is demand (i.e. FUCKING MONEY COMING INTO THE MARKET FROM NORMIES TO BUY YOUR SHITCOINS AND DRIVE PRICES UP YOU MONG) then Tether print more USDT
>Bittrex exchanges USD for USDT
>Bittrex credits customer's account

>>10744596
short it and post proof of your position

>>10749088
Why wouldn't they just do fractional reverse on USDT? They only need to hold enough of it for the people who want to actually transfer it to other exchanges.

>>10749126
Or any coin really. It's not like there's even regulations on the fractional reserve. Nobody would even know that they only hold 1% of the BTC that people have in their accounts until there's a bank run.

>>10744596
Short it.

>>10749126
I'm sure they do. Let's not under estimate the bubble we had though. I personally saw 60 year old grandmas making wire transfers to coinbase.

>>10749276
maximum financial opportunity already happened. btc will be 10k before eoy. get in or stay poor

>>10749486
>btc will be 10k before eoy
I wish you were right

>>10744596
More likely a falling wedge now that will hit its final low in late Sept/early Oct between $5500 and $4800. Then, it's reversal into bull market.

>>10749597
that i can actually see happening.

>>10744596
my new prediction, result of multiple monte carlo sumulations.

>>10747198
>I was here before crypto
>I'll stick with profitable instruments

looks like you missed out on the most profitable instrument in modernity, tardo.

>>10744596
In june the desceding triangle looked different

>>10744596
Volume must be increasing for the crash continuing pattern to be true

>>10749597
why are people here always so optimistic?

>>10750031
he posts on /r/buttcoin, almost certainly

>>10750134
hordes of december newfags bagholding.