/biz/ - Business & Finance

Looks like the bottom isn't in yet

Still signs of delusion

>>11835372
Yep..
How low does it need to go before people stop viewing this as cheap Bitcoin? We need people to fucking give up.. the more we see this shit means there are still idiots to fleece on the way down.

>>11835335
goldman sachs is shaking out the weak hands, my dad plays golf with lloyd blankfein who told him this

>>11835372
$4k is impossible to break super hard granite rock support

>>11835335
wrong.... btc is headed to sub 3k. don't ask me how I know, I just know. tether or USD up and observe the coming weeks. DCA into BTC and XMR during Q1 2019. This is the best advice you will receive on this board. Just kidding, don't listen to me!

>>11835335
This is why one of my defaults is NANO. No infation, no retarded ass miners declaring weak ass wars.

>>11835405
>>11835409
fuck your connections and support. chinese mining revenue means nothing when fiat is in control. <3k confirmed.

>>11835335
$100K EOY 2021 but yes, you're absolutely right.
Just hang on and scoop up as many as you can.
FFS sell next golden bull run

the problem currently is that people still remember 20k bitcoin. 2,000 is a 10% drop for 20K bitcoin, when in reality it was a 30% bloodbath at 6k.

The most important thing , actually, the only thing a currency needs is credibility. That's something cryptocurrencies will never have if they are not backed by a central entity.

>>11835405
Can confirm, my dad too plays loyd bankflein with golf

>>11835335
this thread is a bearish signal

the HODLers have not given up yet. looks like we're due for a retest of 2009 lows.

>>11835494

>>11835506
Wow imagine being this retarded. How do you manage to open and close and fridge and wipe your own ass anon with an iq like this, surely a miracle

>>11835576

Bitcoin and all other cryptos are dead; it's just that the die-hard's haven't figured it out yet.

With a 90% drop in less than a year, bitcoin can't function as a currency or a store of wealth. It can't function as a regular payment method; and it's a foolish investment. Right now, it's only good for speculators playing a complex (and eventually losing) game of musical chairs.

Had there only been 2-3 cryptos, the market may have supported them. But with over 2000 in existence right now, it has done nothing but to prove that no single crypto is special. The extra 1997 "coins" has devalued all of them.

If you dump your money into crypto, you will probably lose it all. It's just a matter of when.

>>11835601
>The face of america in 2020
>and that's a good thing

>>11835602
The american dollar is literally pretend money. You could even say that it is worth nothing.

I think I don't need to prove you how the dollar is more powerful than the bitcoin. Only because of its credibility (which is probably the worse in its history).

>>11835576
Nah I just have Chad Confidence of Steel. Bitcoin could go to $1000 and I'd still have faith in it going to $100k. Fuckin beta bears, you're not alpha like us bulls!

>>11835335
bitcoin is inflationary

>>11835902
That's a tall claim, you got something to back that up?

>>11836006
https://www.blockchain.com/en/charts/total-bitcoins

>>11836006
>>11836006
https://www.blockchain.com/en/charts/total-bitcoins

>>11835335
Current bitcoin inflation rate is 3.85% per year. Deflation will probably not even work.

>>11836006
Every day over 5 million USD in BTC is printed.

>>11835335
>Buy now
>sell at 3200
>kys

3.5-4K EOY 2018
7-15K EOY 2019
50-500K 2020-21

>>11836174
Good calls

>>11835335
>BUY FUCKING NOW THIS IS THE CHEAPEST BTC YOU WILL EVER SEE AGAIN IN YOUR LIFETIME. $100K EOY 2019

Every fucking time...

>>11836350
Hey! The leader of your discord tossed a treat on the ground for you the other way. Turn around to pick it up! No, the other way! There you go. Good boy, 0.00001 BTC deposited in your wallet.

>>11835630
Bitcoin hasn't fallen 90%+ since 2010-2011

>>11835902
Disinflationary

>>11836388
disinflationary is still inflationary

>>11835416
No rai bloc for me thanks

My dad fucks Bill Gates and he told him to wait for Bitcoin 2 to come out because it’s got a higher sperm count and stays true to the vision of Sudoku Kawasaki

Bump

>>11835659

>>11835630
This. If you don't understand why the other meme currencies are a way for people to thieve your money, you're a retard.

The additional currencies are the icing on the cake for the collapse of Shitcoin and Crypto currency.

>>11837625
Yep, major banks will hire their own developers and make their own coins. Cat is out of the bag.

>>11837625
A good idea would be to make a company stock price interchangeable with their specific cryptocurrency but it is too expensive to mine for that I suppose.

>>11837625
Recognizing crypto as a learning system vs thinking the game is over and BTC won.
I choose competition.

>>11835405
Well my dad works at Nintendo.

Bitcoin will never go under $6000 again. $10000000000 EOY

>>11837680
>BTC won.
/biz/ truly is the most deluded board on 4chan.

>>11835335
He bought?

Dumpt eet. Infinite Bottom!

>>11835335
lol enjoy holding your bags op xD

>>11836059
>printed
you mean mined fren

>>11837724
second after /pol/

>>11837784
/biz/ is definitely more deluded than /pol/, and that really is saying something.

#QANON

>>11837791
/biz/ is ironic with most of its posts. everybody here knows crypto is a scam, we're riding the waves. /pol/ is serious in their delusion.

>>11835404
There’s a certain subset of individuals who bought tulips all the way down from 1 million to 0. Although tulips make for bad money the delusional mentally hasn’t vanished from society

>>11836052
I don’t see why deflation won’t work if all bitcoin are mined. If it’s fully adopted by everyone the price will become relatively stable

>>11835335
>a deadcat bounce
who would have expected??
Seriously buy the dip, do it now. Don't worry that BTC can't even manage to snap back above 5k.
Boomers aren't dumping on you, oh no no no.

>>11835335
>KEEP ON BEING DEFLATIONARY
you do realize bitcoin, for now, is inflationary - right?

>>11837676
Your opinions have now been discarded for saying such a retarded statement and not understanding how this would actually be possible. You know nothing.

>>11835335
Bitcoin is not deflationary, you uneducated fucktard.

I've unironically just gone all-in with my life savings. Can't miss this black friday sale after missing the last one. We're going to 100k right?

>>11838725
>right
sure, sure

>>11838693
It's not going to be mined because the entire project is going to be scrapped. Miners are literally throwing away their equipment.

>>11838715
stop trolling idiot. it is deflationary by design. coins lost far outweight new minted ones

>>11838762
>coins lost far outweight new minted ones
Are you mentally retarded? The lost coins are already priced in.

>>11835405
my dad IS lloyd blankfein and he's saying you're a larper

>>11836371
markets weren't even alive back then, this is no indicator of what happens next:
You. getting. justed.

>>11835335
I was here.
Archive this thread.
Show the FOMO dudes if Bitcoin goes 100k+

>>11838823
it's already losing steam, bye bye BTC

>>11836371
>>11835630
>bitcoin can't function as a currency or a store of wealth
You need to think of btc like 10 year treasury bonds. Do you expect it to hold value immediately or over a 10 year period. When comparing it to t-bonds over 10 years its function exactly as it should have.

>>11837791
Q got chased out of /pol/ for being a LARP faggot
only literal boomers on 8 chan and voat follow him

>>11839043
>You need to think of btc like 10 year treasury bonds.
This is so true! The 10 y T bonds yeild curve is levelling off! BTC side ways for the next 10 years!

>>11838782
oh yeah? how about every day more coins are lost, more to price in -> deflatory. dude. wow. next level stupid.

>>11835413
it really DOESNT fucking matter how low btc goes, its the antidote to the banking faggotry that has being occuring... if you dont realise this just kys

>>11839866
checked, based, and red-pilled

>>11835404
It takes something being more expensive to seem cheap, so literally anything less than the ATH will be regarded as cheap by delusional people.

>>11835372
There are people who will literally always be delusional at just about any price. They are a minority, but keep this in mind when examining people's behavior.
I've been delusional with Bitcoin since $50 and have not ever been undelusional since. I remained delusional in 2014/2015 through the dips, and past the bottom.

Bitcoin is inflationary for our lifetime lol

>>11835409

a few days ago the same was said about 5k. pls stop.

>>11835335

>BUY MY BAGS!!!! FUCKING GOD DAMMIT IM DONE FOR AND NEED TO SCRAPE WHAT LITTLE SCRAPS I CAN FROM THIS PENULTIMATE FUCKUP!!!!!

>>11838749
Ok anon, then explain why the total btc hashrate is constantly increasing and always has

>>11838749
Difficulty will adjust, mining will become easier, and then eventually it will become worth it for some miners to mine.

shorting till $1200 per bitcoin.

Go long - please