/biz/ - Business & Finance

4 weeks to load bags, after that it will be impossible for most to own 1 BTC or more

>>10748062

BTC is at a pivotal point where if it turns bullish most will be priced out from owning a whole BTC without doing a bunch of trading and the like. 2018 is really a year to seize the moment disguised in FUD.

This time next year unless you have $100,000 sitting around, you won't be able to buy a full one hundred million satoshis

>>10748043
Why is the trendline taking into account a flash crash?

>>10748138

>>10748451

the low of 2015 was a flash crash? I wasn't around please explain

>>10748550
it was a hammer candle, huge rejection, you don't need to be there to know that that low was very brief.

>>10748584

I thought a flash crash is tied to some kind of event that leads to sudden panic selling

>>10748062
imagine not having 21 btc in cold storage at this point

>>10748620
doesn't need to be an event, it could be a stop loss domino effect, or people jumping ship after a big sell off, anyway, any rejection shouldn't be counted as trend line which in this case it is for some reason, therefore this crap is biased

For those who locked their price at 12K in time, this whole thing doesnt matter

>>10749336
It always matters. There is such thing as buying more.

> The low will be this year.
Are you guys still in Euphoria?

>>10748062
I have been loading 10k bags weekly. Anyone who isn't packing right now is a permabear fool.

>>10748062
amen

btw i had a plan, i wanted to slowly and steadily accumulate up to 2 btc cash out 1 at $100k and the second at $1mil.

however my little brother is getting a divorce. he is in trouble gonna lose the big house if i don't help him out. if i do help him out i can barely get 1 btc unless i break the piggy bank and discard my safety deposit. $100k will not have a significant enough impact on my savings it's mostly to eliminate financial risk holding btc. so now i'm in a fucking pickle. do i dare risk more than i ever thought on btc or let my brother down or miss this clear cut opportunity?

>>10748062
I would but I'm retired and live off dividends so my money is all tied up.
If I was working I would be piling into bitcoin at 6k and below. I bought a bitcoin last year when they were cheaper but sold it in December. I also bought in 2013/14 but spent them. Like 5 to 10 bitcoins. They were like 200 bucks then, if I only knew I would have kept them. Also I downloaded satoshis bitcoin wallet software around 2011/12 can't remember exactly, and couldnt figure out how to get the built in miner to work. Fucking brainlet I am. Right now I have zero bitcoin or any cryptocurrency. Oh well whatever.

>>10749394
the bear posting has gotten so retarded, i can't tell if these fags are memeing or they are truly serious. the price of bitcoin reflects the amount of participation in the network. it has been artifically suppressed this entire year. bitcoin is never overalued because it isn't a stock. it's a technology and all technological adoption follows an s-curve. the media have completely distorted this fac, allowing the instituions to buy as much as possible below fair value so they can sell ETFs to boomers and normalfags.

>>10750368
i do a lot of bobo posting, i don't even margin trade
bobo is the best meme

>>10750368

Plan 2 steps ahead. The fat boomers are going to be finally be buying BTC through ETFs this year or next.

I have been bearish for awhile but I seriously think we sideways now. That means its time to get in. One thing that is kind of funny is that last year showed that the coin didnt really matter. If you can buy 10k or 100k coins of something and sit on it for a year you will probably lambo by 2020...

Good luck anons

>>10750409
>bobo is the best meme

He will be forgotten along with Bart...

>>10750368
does the same mindset apply to ethereum since it is a technology too and different from bitcoin?

>>10750550
yes, if it wasn't a complete piece of shit

>>10750452
true. i've been planning for this for 6 years. i'm just starting to get impatient is all.

>>10750479

I feel as if there's going to be an enormous culling of shitcoins before the next major bullrun. 90% of the coins out there aren't even used and never will be. Chaff will be separated from the wheat.

>>10750550

why not what other coin has the that much human support? your best bets seem to be BTC and ETH especially ETH for percentage growth if it mimics BTC price growth. jmo

>>10750597
i dont think its a complete piece of shit though. it has a good development team and the people behind it are competent and prominent figures; the idea behind eth is good as well. not to mention it has 30 billion MC you dont get that from being a pile of shit.

i'd like to buy 1 btc but its more than im willing to lose.
>>10750901
thats what im hoping it does. i have 10 eth i could buy 1 btc right now but thats more than what im willing to lose so im hoping my eth bet pays off

>>10750866
There already has been a culling. Most of the low cap shitcoins are in the dirt.

>>10751053
Not really.

>>10748584

>tfw i had a 20x leverage long position at the time on okcoin that got liquedated
>tfw instead of making 6 figures last year i would have made 8 figures

Live and learn, i guess

>>10750866

Maybe, but check out low cap projects like MYCE. Low cap coins are moving more than you think.

There may be some surprises

>>10751053

Not enough blood in the streets for me. People shouldnt want to touch any coin not in the top 10 after true culling. Even a handful of top 10 market cap alts need to see some serious pain imo before the market is mature enough for the next bubble. Greedy piggies putting money into coins that have no actual use case need to be slaughtered.

>>10751313

I concede that the next generation of crypto has to start somewhere, but i feel like the market is absolutely inundated with useless bullshit.

Checked out MYCE:
>A blockchain support organization built to hyper-connect token economies with people.

Sounds like more hype bullshit. A solution looking for a problemb that doesn't really exist. Into the trash it goes...

>>10751378
that and who the fuck is going to use something called MYCE

basically if you arent in on bitcoin, bitcoin cash, ethereum, possibly neo, possibly tron, possibly omisego, possibly stellar, possibly eos, you arent going to make it

>>10751547

I'll take monero over 80% of the shit you just listed. It actually has a use case that satisfies a demand people have right now. Seriously undervalued imo.

>>10751775
why monero? its primary value is around money laundering and buying shit on the darknet. not that im against its core values or uses (you should be free to do what you want) but the normies arent going to touch monero with a 10 foot pole.

your rebuttal?

>>10751785

It's primary value is providing privacy. It has actual utility in that. Do normies have any need for eos or xlm, or are those just ultraniche coins with hyped up "future applications"?

Monero is basically just digital cash. People generally don't like having their business transactions on an open public ledger. Swiss bank accounts used to be how wealthy people saved and moved money without scrutiny. Monero Allows you to become your own swiss bank account. It goes far beyond just buying shit on the deep Web.

>>10751785

Also, i think it's worth noting that when I first got into bitcoin in 2013 people made the same exact arguments almost verbatim against it that you just made against monero - just to put things into perspective.

>>10750368
Enlightening post

>>10752077

Looked like a bunch of incoherent bullshit to me desu

>>10750866

top 100 coins and a few outliers will be the alts.
there wont be more.

why?

because all these ico alts have significant reserves of BTC and future competitors dont.

>>10752107

probably because you are a filthy nocoiner poor peasant

>>10748043
>>10748138
>>10748062

Sooo, how much time to I have to load up my bags? I'm still a student and all of my wage slave money is disposable income. If I work for 20 hours a week for 12€ an hour, I would be able to afford one BTC by december. I'm willing to lose 5k if that means I can make 50k in the next bullrun.

>>10753754

>>10751290

that's why it's done

>>10751339

part of the next bubble will in fact be people pushing shitcoin capital back into btc, so don't wait for those shitcoins to die because it is a long slow death over a few years

>>10750866
I think you are right. And the way to determine the chaff is if it has a working product or not and if that product is any good as well.

A bunch of shitty ponzi games isn't going to cut it.

>>10748043
There's still alot of positivity after a 25% rally in alts and a sideway move in bitcoin.

The golden green dildo is right around the corner now!
K.

>>10750006
at least you have 1 BCH in your poster ID