/biz/ - Business & Finance

Ok that's cool and all but did they finally fix the fees and scaling problem? Shit's not going anywhere until I can buy coffee.

>>12133246
The bottom is $100, faggot.

>BTC is oversold
>Bears are going to be slaughtered
Try making sense, bro.

He knows

Pump it

Fuck Bitcoin. Useless old piece of slow shit. What happens when IoT and smart contracts take over? Bye bye Bitcoin.

>>12133246
prepare to get fucked

>>12133260
This. You idiots don't realize it was all a trap above $100 all along.

>>12133695
I'm not saying it was a trap. After it hits $100, it'll pump above its previous high in a couple years. Close to double nearly $40k.

>>12133260
you wish lmfao

>>12133667
This. Let's count the things that have happened to BTC between when it was last valued at $200 dollars and now:
1. It forked, increasing circulating supply by 100%
2. The fork forked again, increasing circulating supply by another 50%.

Not a very impressive list of accomplishments.

I won't go into full details as you fucks won't appreciate it anyways but 20k's are not coming back !
The bubble was an accidental byproduct of one binary exchanges marketing campaign targeting third world african, south american and east european countries.

The whales were YOU, first world ordinary and extraordinary (riches wise) citizens jumping on an inexplicable price pump started by rich and smart marketing to some of the dumbest countries with a long tradition of their people throwing money into ponzi schemes.

Not one ad or sponsored article was ever payed for in the US so the pattern missed you.

What happened versus the end of last december was old miners and coiners cashing out in disbelief how fcking rich they became. one day they are ordering pizzas with 27 coins the other you realize how you just ate a fortune.

What is happening now is smart money, probably h. funds and big players that got in late, draining you disbelieving fucks just to break even instead of losing money. They do it with small artificial pumps after which they sell their positions.

I'll leave it to you to explore more but correlating some graphs, exploring sponsored articles around the globe, payed ads history, trends and geolocation of those should get you there.... also check the wall history who was buying and who was selling at what point in time....

I'm sorry. There will be something out of the technology and currency, that is obvious, but the tulips won't bloom here anymore

>>12134523
no one buys those other coins. You failed

>>12134539
Ok faggot but then what about 2020-2021 expected bullrun? Key word expected. The common consciousness regarding bitcorn implies a future bullrun (which is not soon, hence 2021)

Someday people will eventually say it’s time for the actual golden bull, and make it happen just because everyone thinks it’s about time for another one, not because there’s a technological reason behind the pump. Do you understand this reasoning?

When viewed 10 years from now, BTC will be seen as the mother of all scams. There are so many lose ends in the tech and nobody gives a shit because people only want to dump it on the next sucker for fiat. Does that look to you like a tech with bright future?

>>12134539
That's actually the best explanation I read for the 2017. I used to believe BCH will flip BTC, but now I'm certain crypto is a get rich quick scheme, and nobody, but NOBODY, gives half a f**k about the tech. If it'll ever have a use, it won't have anything to do with the price. It'll even make the world a worse place and all the true believers in it will move to physical gold or some shit.

>>12134594
well go on then, tell us about the flaws anon

> thinking that pressing 'SELL' on some electronic meme coins and getting real money back is the same as people taking hard earned real money and converting it into electronic meme coins which may or may not go up in value.

there are litterally thousands of bagholders waiting to get out a breakeven at every single resistance point on the way up it will never pump again like it did

>>12134632
Count me in. Another reason why it won't pump is because when everybody knows about thet ech and there's awareness, A. there's no way to profit when there are billions available to manipulate the price already, B. the US government will never allow to anything which has potential to ever succeed, even if it means burning billions to kill the new tech.

>>12134539
Interesting anon - thanks!

>>12133256

>>12133260
>Fair value's $100 a coin, dude, and the technicals are shit.

>>12134683
Perhaps you haven't realized the US Government is already bankrupt and Bitcoin and China will dominate by 2030.

>>12134523
>increasing supply of X increases supply of Y

>>12133246
>BTC will never die
BTC will not exist in a year, there is a critical unfixable flaw in segwit. Get fucked.

>>12135796
There is no such thing as fair value or good technicals. This is merely a wild ride you can either get rich on or go broke on. I'm just saying this shit is going to dump to $100 before it takes off again.

>>12134539
Based

>>12135835
>unironically believes this
bullish

>>12134539
>I won't go into full details instead I will talk shit out of my ass and sound convincing for (you)s

>>12134539
Based

>>12133246
Only stupid goys take ad hoc decisions about crypto. Big boys trade crypto using the well documented (in academia) momentum anomaly and codes together a systematic trading system.

>>12134523
Doesn't matter at all.

Dilution matters. If you have 1 bitcoin out of 21 mill and there's a fork then you have 1 bitcoin out of 21 and 1 shitcoin out of 21 million, or 2 coins out of 42 million. Exact same ratio, 0 dilution, 0 inflation theft.

I’m sure the bears are aware that if they short to 1k they will be wrecked. as they need to be able to buy back btc to manipulate prices down further on open markets. we can see now everyone has the idea to tether up and pick the bottom at 1k, just look at tethers market cap and all the other usd stable coins. so yeah I believe we may goto 2-3k but not 1k.

>>12133260
thanks ict, you're an idiot