/biz/ - Business & Finance

Nobody knows. But it's too low to buy safely.

>>11934603
>dumps nearly 50% from 6k to 3.something k
>suprised we get a meager 15% bounce after

>>11934603
anon the last few months was just an elaborate bear trap. Weak hands are gone buy now

>>11934603
Jein

>>11934616
>too low to buy safely

yeah it's only safe to buy when bitcoin is over $20,000

>>11934603
This is the beginning of a bear flag. We'll see further price increases until all the fools are on board, then it goes down again.

Then, maybe, it will hit a rock bottom, between 2000 and 3000

>>11934603
Just buy and think later

>>11934603
Probably not. $4809 in the cards

>>11934603

S-SUCH VISUAL PROWESS

>>11934676
Actually this. If we break 20k we will go to 50 for sure.

>>11935377
ive been doing this the past year, lost about 70% from initial

>>11934626
They need to hold off the bull run for another 3 months so that all of the people that think crypto automatically moons every Nov-Dec get shaken out.

>>11934603
Definitely a bull trap. We havent hit 1k which is true capitulation.

>>11934603
It might be a 50% increase bull trap. I think it will either fail at the 20 or 50 SMA on the 1D and I am leveraged in.

BULL RUN CONFIRMED!
BUY BUY BUY BUY BUY BUY NEVER SELL HODL!

>>11934603
whats there to not understand? dead cat bounce. every time over the last year its bombed, its gone slightly back up, stalled, then a month later bombs again.

>>11937041
If /biz/ is always wrong this means 50k EOY?

>>11935377
Chekt + good financial advice

>>11936631
>I have experience trading and giving financial advice
>Warren Buffet is an idiot boomer lol

>>11937201
yeah everybody saying it's never going under 5k are now on the 1k train, it's just idiots being idiots

https://www.tradingview.com/x/3AJnB6pp/
4590

Just retesting the 4500 levels then back down

>>11934616
Buy high, sell low. This guy gets it.

Can someone please tell me what the fuck is happening? I've got £5000 on coinbase ready to go and I don't know what to do

>>11938309
Even if you lose a little bit in the short run, buying BTC at these prices is a steal. I wouldn't wait to jump in personally. I bought for the first time since the bear market started today.

>>11938348
I'm going in on ETH? I'm thinking the same as you, like fuck it. I'll deal with it.

>>11938365
BTC/ETH are safe bets. I wouldn't trust alts right now, even though I'm still holding OMG.

>>11938348
Panic bought. Thanks dude, think it was the right thing to do. Who knows. Least I'm not buying in at $1100 and my money is out of GBP though

>>11938384
Hope I didn't screw you man. I think we'll be happy come January though.

>>11938423
More solid resistance from ETH the last hour or two. $98 would have been a dream so I'll take what I've got for now.

Fingers crossed mate!

This has a long way to crash, frens

>>11934603
Is BTC the clear frontrunner in the blockchain race? Does it matter? Do you have any idea what you're doing?

>>11938603
lay off the hopium man

>>11934603
I'm really sad because I transfered money to CB yesterday and wanted to buy today only to see it 20%... Now I will wait for the dump that will never come..

>>11938646
Or you could buy in now and avoid the fomo that's going to happen when we break 4500

>>11934702

post proof bitch

>>11938683
just look at the last 10 months.

>>11938672
Or buy in now and lose 50% of your investment in a few days

>>11938955

I unironically believe you. There's no reason why this should be pumping right now, especially when there's no clear winner of the current fork war yet. I feel like Craig is only going to get more desperate and do his best to take it back down. Add in a little whale action in the interim and this feels like the final ride up before capitulation. The timeframe can't be too long now either as it seems the drops are getting closer and closer together.

> btw not even a bear

>>11934603
it's not a bull trap. it'll probably bounce to 5500 before the final plunge to 2k where it will stay until the halvening.

>>11938384
>buying a double digit shitcoin in the 3 digits

>>11939466
it does this every time it shits the bed.

>>11934603
I don't know either.
https://www.youtube.com/watch?v=xoMgnJDXd3k

>>11939542
I know, oh god I’ve done it again. Bought the fucking top.

>>11939556
You really think its going to take a month this time? I mean we saw $2600 evaporate in the matter of 14 days. Between February and September the peaks and troughs had a pretty large margin but after that was when it fell into that $6300 sideways channel from sept to nov, until the bleed down to the 3k range. It clear confidence it shot in btc. I mean normies don't really want it because they know its dropped a ton and most everyone but the faggot maximalists acknowledge that btc has some severe shortcomings. Plus they like their alts better anyways. The only reason most have any vested interest in btc is because it pretty much controls the price of their alts. And its sad the way the pivot has been handled from it being a currency to a store of value. Fucking please, I know markets control everything but shitcoin is hardly a store of value. I hope it dies and temporarily capitulates the whole market so I can stock up on my chose shittoken. I guess we'll see soon enough, but I strongly doubt its going up.

>>11937934
This. It will. dump again in jan when the eoy hopium boys are cleared out.
>>11938348
But also this. I'm buying such $5000 btc.

>>11940110
its just a series of dead cat bounces. it will do a big drop, then stall for half a day, then go up a little, then get static for a few weeks, then drop big again. it happened at 15k, then 13k, then 10k, etc etc.

anyone that held deserves what they got.

>>11940153

> I + IV + Lpt
> 1 + 4 + Lpt
> 5 + 76 + 80 + 116
> bitcoin $277 confirmed
>ID of truth

>>11934603
we need to hit somewhere in the 2k range first. Also we will live with $2k BTC for a hot year, minimum, before any new bull market can begin. I'll cap myself and post next November.

>>11940239
you think normies and mainstream are gonna hype it up again for no reason? its over man.

>>11934676
remember to buy high and sell low.

>>11940258
>for no reason
except there is a gigantic reason, and that is the oncoming recession.

>>11940284
yeah cause when people are struggling to pay for daily lives and keep a job during a recession, theyre taking all their extra money and buying bitcoin.

consider using your brain.

>>11940201
>being this autistic

>>11940630
Its a joke you dense nigger

>>11940284
>recession
>fired workforce not trying to preserve wealth

Dimwit, you can't eat bitcoin what are you on about?