/biz/ - Business & Finance

>>10772611
checked.
i've been predicting a top of over $120K and then closing the year around $90K. thanks for this chart

>>10772611
based and red pilled. i've been buying 6-7k range every time price gets to that range. I thought I was the only one who was seeing this.

You people should seek a genuine medical evaluation if you seriously believe this. Like there is probably something actually wrong with the way your brain functions. This transcends denial.

>>10772611
delete this, i have buy orders at 4k that need to be filled

>>10772611
insta-rich, can life be THAT easy?

So with all the burgers I’ve been eating lately(gladly of course) I decided today to try an old favorite, the McDonalds Big Mac. I’ll admit, this used to be my favorite meal on earth, but since it’s been years since I’ve eaten anything at McDonalds that wasn’t on their Value Menu, I was really looking forward to having a Big Mac.

As always, the service was fast, the burger was delivered and the fries were crispy for the first 10 minutes. Overall the Big Mac is still one of my favorite “Fast Food Burgers” because of the secret sauce and because it’s so different. We all know that the you don’t eat a Big Mac for the meat and after eating a lot of really good, meaty burgers over the last few months, it was the sauce that helped me enjoy this meal.

My Big Mac rating is simple: the secret sauce is tangy, sweet and makes for a nice burger.It’s one of my favorite fast food burgers but only because of the unique and secret sauce.

>>10772831
>t. nocoiner who think NTC can be overvalued.
fuck off retard

>>10772854
BTC, phonepoting

Concides perfectly with etf and bakkt approval.

Just bought 100k. Can't wait to be filthy rich by the end of the year.

>>10772611
Wow, this is sad.

Your financial hole is getting deeper by the minute

>>10772811
Same. People who are not collecting bags right now are going to get left behind.

>That completely delusional "fractal" pattern
>not recognizing that growth is on a diminishing plane

Big exponential runs will only decrease as time goes on

>>10772611
>using elliot waves except writing abc correction as the start of a new elliot wave

t.brainlet

>>10772914
the everything bubble will moon during the next 5 years tho, and will pop only once most of the gambling bears lose all their money

>>10772914
>comparing technology with fiat shit
>no log scale

>>10772897
We're currently over 10% under the 100 day moving average. The price is low right now. You should invest when the price is low. Wouldn't you agree?

Sure it does. What do you think happened when bitcoin hit 20k and it cost $100 to send $100? Smart money realized it was inefficient and worthless and is why the market crashed. Guys who have invested billions in Tesla were among the first to drive and own them so they could quantify their investment risk.

100000 dollar is 1/5th americas m2, this for a currency that no one uses and no one will ever use for anything other than speculative reasons, it will never get to 100k OP

>>10773069
it's a technology, brainlet

>>10772811
Fuck off /g/

>>10772611
Those fucking "fractals" lmao

Honestly, now is the best time to invest in btc I reckon...seems like btc has bottomed out, most of the money and hype has left the market. Now, truly only the strong hands remain. Though it might go to $5k - I can't see it going much further than that.

Alts on the other hand are a risky bet with btc dominance creeping back up the charts. I'm taking some small positions in a few minor alts but the majority of my holds are straight up BTC.

>Blockchain meh sounds interesting(most of bitgoys life)
>Sneaky goys see a brilliant manipulation strategy to cash grab loads of money in an open non regulated market
>gets connected with publishers of online articles and media
>articles start talking about the tech more and more as the price climbs
>normies finally catch on and slowly drift in when they see it keeps going higher with such little dips
>parabolic fomo erupts as shilling is everywhere in media, normies have recruited family and friends
>goys have been sitting back watching their leg work build upon itself off their low risk plan
>they see how the market reacts to 18-20k and decide anything close to 20k is fair exit point
>they cash out and cause a domino effect of the fomo cucks to sell after they went down 30 percent
Critical point:
>Blockchain tech meh..
was always the same factor....and in fact actually proven to have loads of problems to be worth while for people to even think of wanting to change and adopt to
GG

if you're not buying btc at 6k you're a huge nigger and deserve to stay poor and I hope you off yourself in 2019 when it's 200k+

>>10773012
no I only buy high

>>10773023
>he unironically thinks that the rise or crash of Bitcoin had anything to do with fundamentals
>he's unironically retarded

>>10772811
rest assured not the only one

>>10773358

>>10772611

>>10773377
>btc 3k in 2021

wtf?

>>10773377
>this meme chart again
i wonder who could be behind this? is your usury business model threatened by currency coins?

>>10773093
That no one uses, brainlet

>>10772611
Btc will be crashing. We will no ta

>>10773377
Can anyone disprove this though? It looks legit

>>10773377
this graph is stupid and you are an idiot for posting it

>>10772611
Btc will be crashing. We will no take another run until the next halving. Btc cannot scale past 20k. It was choking on its own transactions last bull run. Don't forget that.

>>10773414
yeah its been disproven a few times doesnt stop the fag from posting it tho.

>>10773377
If the halvenings are evenly spaced, why are the price cycles getting longer? The chart implies that halvenings have some effect on price, yet the fourth halvening will occur in the middle of the next bubble as per the chart's prediction.

I think that power curve is correct and that halvenings do effect price, but the price prediction and reasoning is off.

>>10773448
Disprove it then fag

>>10773461

https://m.youtube.com/watch?v=KTf5j9LDObk

>>10773436
The BTC network was clogged because of the altcoin mania. Now that the altcoins are dying people only need one exchange, ETF or Bakkt to trade BTC and thus it won't affect the BTC network.

>>10773520
And the blocksize has now been effectively doubled thanks to segwit, wallets are improving their fee estimation algorithms, exchanges have started batching txns, LN is being developed, and Bitmain is going to tank.

>>10773463
search the archives nigga im on my phone right now fuck if i can be bothered to type it out again and hunt down the pics

>>10773541
Not a single thing you said matters. LN is an already failed experiment, the only thing left is to get rid of it and start from square one.

>>10773576
>>10773463
>>10773436
>>10773414
>it's afraid

>>10773576
>LN is an already failed experiment
Oh yeah?

>>10773377
checked this looked accurate. fucking hell im not gonna make it anytime soon

>>10773602
>fucking hell im not gonna make it anytime soon
bitch-ass faggot

>>10773576
im no fan of ln but calling it failed is a bit too early

>>10773448
Disprove it then faggot

>inb4 I'm too busy, institutional money

>>10773602
you better be the samfagging fudder or you are too stupid for this world

>>10773640
>He can't disprove it

HAHAHA

>>10773635
i have numerous times look it up faggot

>>10773651
wtf i hate bitcoins now

>>10773448
>10773448
if it has been disproved multiple times then you should be able to explain why it is not accurate but you can't. seems like you are still in denial which makes sense according to the chart

>>10773650
weak bait is weak

>>10773651
>he still can't disprove it and has started to cry

HAHAHAHA

>>10773678
actually i could sit down before my pc and disprove it throughly for the 50th time then watch the thread hit the archoves without a single further post but fuck you

>>10772611

>>10773576

>>10773218
not yet. wait for the golden cross. should happen in 1 month or so.

>>10773414
there is a halving in 2020, no fucking way we wont hit new ath until end2020

>>10773710
bingo

>>10772611
Blown the fuck down?
>What did he meme by this?

>>10773710
Pathetic. AHAHAHAHAHAHAHAHAHA

>bitcoin is outdated tech
>bitcoin has corrupted devs
>bitcoin can't scale past 20k
>bitcoin 2nd layer LN has failed

people on biz are so retarded they'll believe in shit like chainlink
there's no point in arguing with them this place is only good for pink wojaks

>>10773749
>chainlink
fuck off nobody here making it anymore

>>10773717

>>10773735
With the momentum behind crypto I wouldnt be surprised if we saw a new ATH in 2019

>>10772848
Ok

>>10773748
it is but it still gets posted every day. not that ops pic is without problems...

>>10773400
>i like to buy things after everyone else says it's ok
>imagine being this retarded
fuck off ((shill))

>>10773744
but the fucking dip you collossal retard

>>10773925
>>10773744
buy- autocorrect

>>10773889
>Still can't disprove it
Kekekekek, how pathetic. This is borderline sad now.

>>10773749
>he doesn't know about memes

>>10773520
>he thinks that altcoins are dying
Holy fuck this is the dumbest thing I've read. As long as people can get rich off of alts they aren't going anywhere. Alts usually get old and then go to the altcoin graveyard deadcoins.com. they are replaced by newer, more technologically advanced coins. Altcoins don't go away, they just recycle.

>>10772831
Screenshotted for future butthurt

>>10773980
there has not been one day on /biz/ where people weren't saying alts were dead or dying

>>10772611
Why the fuck are graphs done exponentially like this? Makes it look like pussy gains until my brainlet ass looks at the y-axis -_-

>>10774458
read up on charting using log scales

>>10773980
Many alts are down 90%+ and ETH is getting dumped because of it. The shit projects are literally dying and that is the best thing that can happen to crypto. Only the strong will survive.

>>10773023
>he thinks having the ability to transfer hundreds of millions of dollars in BTC for only $100 and a 20 minute wait is worthless

BTC is not for poorfags like you, get out faggot

>>10772931

people here are this retarded

oh, the humanity!

>>10772848
Keep em comin' Mr. 3-For-Free, I'm lovin' it.

>>10772611
h-holy shit

>>10774458
it shows exponential because that's how networks scale.

>>10773727
what timeframe are you looking for that on?

>>10774738
It's like these man children have never deposited a check that was put on hold or waited for a wire to clear.

>>10775413
yeah cuz im not some poorfag tradie omegaLUL

>>10775441
Have you ever been upset or inconvenienced with a check hold?

>>10772848
cringe and bluepilled

>>10775333

>>10775657
HHHHHHNNNNNNNNNNNNNNNGGGGGGGHHHHH

>>10775657
HOLY FUCK BOYS
WOULD YOU LOOK AT THAT

>>10772950
>no log scale

This guy gets it

>>10775799
checked

>>10773377
cool graph dude

>>10772611
You know what the funny thing is, if you knew a bit more elliott wave, you'd know that the last ATH would be the 5th of the largest degree, and we'd be correcting the price action of bitcoin from its inception till now. Not putting in a new ATH rapidly. That doesn't even make any sense from a time perspective either. Not even close.

This can only mean good things for my portfolio of shitcoins

>>10775536
Most banks have instant deposit. They will hopefully all be able to do something like USDT in the future.

>>10772848
It's thousand island dressing.

>>10772831
>why on earth would more efficient money end up worth more than the current money

see you at $1M, you bring the salt for my fries

>>10776283

>1m
Never going to happen. You're more delusional than linkies. I never thought that was possible, but here we are.

>>10776301
>never going to happen

gee, where have we heard this before?

https://99bitcoins.com/bitcoinobituaries/

at $0.01 and $1 and $5 and $10 and $50 and $100, and $500, and $1000 and $2000 and $3000 and $5000 and ....

>>10776242
>Most banks have instant deposit.

No, banks will credit you funds for a check if you have an established pattern and they trust you. The banks don't get paid for around 4 or 5 business days. Checks can get returned even months later, years even for state and federal checks. It's just a shitty old system.

>>10776325
It's useless and has no real intrinsic value. It's showing its age, block difficulty is getting far too high, blah blah blah.
Your average person doesn't understand what it could be used for. Most people don't actually care. A bunch of bullshit hype and people with severe FOMO are the reason this trash went as high as it did, but it's not going to get that high again.

Keep dreaming kids.

>>10773023
bitcoin never had $100 tx fees
outright lies do not help your case but rather diminish it
try again nocoiner

>>10772611
this ranks up there with the stupidest things I have ever seen

>>10776387

It's the digital store of value, digital gold. That's all it needs to be.

Newfags dont understand bitcoin. They think its like paypal the silly cunts.

I don't understand this crap.

Is this real or are people here really believing any crypto can end up being worth 100k?

>>10777121
It's you who doesn't understand. If Satoshi decided to make a maximum supply of 2.1m Bitcoins instead of 21m of them, BTC would have already hit $220k

It's about supply and demand, not about the price of an individual Bitcoin which can be divided as much as we want in the future

>>10773023
>when bitcoin hit 20k and it cost $100 to send $100
That happened because exchanges that were doing the bulk of the transaction on the blockchain did not upgrade to segwit. Exchanges were too busy on boarding new customers by the truckload instead of focusing on upgrading their infrastructure. Transaction costs are now in the pennies most if not all are caught up.

>>10777121
Bitcoin can, and will, be worth more than the current money supply because it is better than the old money supply.

The way you get a reasonable price is go google M0 money supply then divide by the number of bitcoins.

We have about $10T that bitcoin is replacing. There will only ever be 21M bitcoins, but about 5M-6M are los forever. There are really only about 12M coins available now, goes to 15M eventually. So that gets you to a price tag of around $800k/coin.

We'll run past that briefly as adoption goes up the S curve, so a selling point in the $1M range before correction back to $750k-$850k is what you should be eyeing.

>>10777336
How long are we talking before 800k/BTC I believe it based on what I've seen.

>>10777395
No one knows for sure, but here's a reasonable timeline:

Bakkt goes online Q4 '18
>smart institutions get in here
First ETF goes online Q1 '19
>all institutions fomo in here
Companies like Fidelity start adding BTC buying options for normies ~Q3 '19
>boomers with money start coming in here
Q4 '19 wealthy boomers are shilling their bags and bitcoin awareness approaches 100%
>here the real FOMO starts for 95% of the population
Q1 2020 looks like Q4 '17 / Q1 '18 with a vertical spike
>Next BTC halvening in Q2 2020
this is what puts a price support under BTC in the $750k+ range

>>10776920
Too volatile. Not a good way to store your assets.

>>10777121
Do you have any idea what the market cap of gold is?

Do you have any idea how many trillions of dollars are held in off shore trusts?

If the wealthiest people in the world had portfolios that averaged just 1% crypto, the price of Bitcoin would be comfortably above 500K USD

>>10777482
gnarly

>>10773377

It doesnt make sense to draw TA only based on the halving ignoring bakkt and the etf. That chart will fail no matter if the cboe etf gets approved or rejected in feb 2019.

>>10777520

It will stabilize once its marketcap is in the multiple trillions. We're still in the run-up period; once it has the marketcap of gold it won't be nearly as volatile. (Which makes it all the more important that people get in now, if they want the serious gains.) And even gold has dramatic swings, but it's still considered a value store.

Invested in june 2017. Bought back in in jan. Been holding since.
No pussy, no friends, just parents and home life. Meanwhile everyone seems to be living life, going out and doing things. Ill admit, im jealous. Only because i feel lime i missed out and wasted my youth and twenties.

>>10773353
You belong here fren.

>>10776387
it went high becuase of tether. it went down because of tether

>>10777482
>boomers
>bitcoin
lol

>>10772611
Don't mean to rain on your parade, but there will never be another bullrun. Crypto is done.

>>10776387
>It's useless and has no real intrinsic value

its more useful than gold and gold doesnt crash either, so....

>>10777943
I'm a ~30 yo "boomer." Multi-millionaire parents, all their peers same, etc. The rich-but-not-oligarchs kind of people.

Every single one of them is interested in moving 5-10% of their portfolio into crypto, but none pulled the trigger yet. I had a few of them ask me to buy for them last Nov/Dec and told them let the dust settle, not good timing. All of them are on the edge of their seats ready to go when they sniff the bottom.

You guys have no fuckin clue how vertical this shit is gonna go because you don't talk to real people.

There won't be any adoption until some project pull ETH like technology revolution. Eos, Neo and the current version of ETH aren't enough really, Only ones left that actually can do something good for this space are Zilliqa or Dfinity, just hope they'll meet their targets because if not, we'll have to wait until ETH solve state sharding, could take even 4-5 years.

>>10778049
Cosmos / Tendermint.

>>10773218

not touching alts until after btc etf

>>10773576

with jews you win anon

>>10777121

>only 100k

heh

>>10778056
Polkadot looks slightly more ambitious to me, Not sure how far they're in the development..


But yeah, Cosmos is one of the good ones.

>>10778135
Polkadot's interesting as well, but Cosmos is about to launch testnet and it looks extremely promising. I find it quite sad most people in crypto have never heard of either.

>>10773944
you are a pathetic mongrel indeed

I cant see why this does not make sense? this graph looks accurate

>>10773395
well yeah this is the only thing that does not make sense

>>10777336
wow crazy bruhh

>>10773377
please someone disprove it. looks legit. even more legit then this pic left.

>>10773475
linear TA makes no sense here