/biz/ - Business & Finance

I think there's a distinct change in sentiment. The whales are watching though. Don't get too visibly excited... We need a little longer to accumulate

>>12164865
yeh the only thing that sucks about this pump is the fact that alts are pumping as well. Ig it was just corn then it would almost certainly be the bottom.

>>12164891
The thing that really sucks about this pump is I decided pretty early on not to bother with it and watch multiple coins I normally hold when not tethered do a 40%...

Fuck man, the stress of not fomoing in has been intense as fuck but I have just sat the entire thing out... Now I have to deal with fucking weeks of this shit before we continue down again...

>>12164928
Same feel. I left my computer at work and had to just watch from the sidelines.

All good though, just wait out the season.

>>12164928
>Now I have to deal with fucking weeks of this shit before we continue down again
you are trying to will the market into doing what you want it to do, that is irrational and risky as fuck. it is an amateur move.

2011 here

actually if you didnt sell anything in 2017 you are a fucking moron. crypto wasnt anything but overhyped ponzis and now it is over.

>>12165705
I'm a fucking moron. Ok letes hope for another one!

>>12164853
>any oldfags here that arent dec 2017 noobs? how are you feeling?
i'm feeling very fucking bearish for 2019, this will go up a bit then we are down to $2k region only question is if we hit $5-6k before that or only $4k.

>>12165705
How's that short feeling right now?

>>12164865
it's not the whales man... it's the retards buying alts that will crash this market. until btc starts growing more dynamically than any other alt this bear market will not end.

>>12165705
>2011 here
means nothing.

>>12165705
>now it is over
you gonna be so butthurt in 3 years nocoiner faggot you will never sit again.

2011fag here. Doing fine.

i' bought bitcoin twice. once at $250 and then again this past Friday at $3300

2104 noob here. I feel like this will pop up and go below 2000.

>>12165784
I hope you never bought in.

>>12164853
This pump was fast in order to create the illusion we are back, but the truth is that fast pumps produce emotions which interfere with critical thinking, therefore most of the people who bought this sort of rally are the new bagholders.

>>12165705
Spoken like a true 2015 nocoiner that missed the bottom.

>>12164853

It's a either a bounce or THE REVERSAL, crypto moves so fucking fast it's hard to tell. Look at the 20 and 40 MA and if we are hitting the higher ends with an increase in volume then next year could be the singularity.

cautiously optimistic, don't forget to set your stops

>>12165662
We are still in a bear market. Once I know we are not I won't side with bulls.

>>12164853
2012-er here.
Started using my local bitcoin ATM recently to pour in some of the money I withdrew during the last bubble.
This time I'm only buying ETH/BTC/ZEC though. I keep 1 BTC for suicide insurance but I think its best days are over.

>>12165857
nah it's 100% a bounce
the reversal will be more painful
i'm saying this as a bagholder we broke the $5.8k line it didn't hold, now the next stop is $1300 there is a little chance it will actually bounce from the $2k region if the crowd gets somehow very bullish. why would they tho? this shitshow foundation wise is not bullish.

>>12165892
>but I think its best days are over
if btc is over it's all over, no other coin matters in the next decade.

>>12165904
I think $1300 is way too low.
You realize that Roger has enough in cash to flip BTC if it drops that low, right?
Nobody's gonna allow this shit.
BTC will see a bull again imho, but for the first time ever we're not gonna see a new ATH during the bull.

>>12164853
Bulltrap

2014
If you’re a newfag hoping to make it, obviously you’ll be a permabull. To be an oldfag bull, you’d have to be naturally more delusional than the average person. Last bullrun was fueled by speculative retarded retail gamblers. Now that they’ve either made it or thinking of sudoku, why would you expect that group to blindly pump it to new heights again? And institutions will never seriously get it because they’re actually smart. And I don’t want to hear your bullshit scaling tech or whatever. Tired of delusional coiners.

>>12165936
>You realize that Roger has enough in cash to flip BTC if it drops that low, right?
nah
>Nobody's gonna allow this shit.
it's pretty much set in stone it will happen, a century's worth of statistics about bubbles absolutely predict it. and that's in case it doesn't fucking die this is all assuming btc will continue to live and prosper. meaning it's the best case scenario.
>BTC will see a bull again imho, but for the first time ever we're not gonna see a new ATH during the bull.
that's what they call a dead cat bounce

Posting in a sucker’s rally thread. Please buy more.

>>12165986
why do you fags assume the masses ever learn any lessons? history obviously proves they don't they (the january buyers) will fomo in to bitcoin at $50k just fine.

>>12164865
I hate this board so much, it's just "sentiment" over a non working, non product that is 90% owned by Chinese Jews. It's an unintentionally created Ponzi Scheme.

>>12166035
>unintentionally
Oh sweetie

>>12166024
I’m saying no new money will come in. Okay no one learns the lesson and we pump to 20k or 30k again. Then what? See my point?

YES YES YES LAMBOS!!! RICH!!! WE GONNA BE RIIIIIIIIICH!!! BUY UP BTC TO MAKE US NEETS RICH!!!! THANKS ROTHSCHILD!

>>12166035
ponzi is a confidence scheme you nignog.
bitcoin is not a ponzi anymore than gold or real estate. technically real estate is better example because it's deflationary. we got less and less land per capita as the years go by.

>>12164853

Yep Started in November 2016. I'm still Bearish on the whole but I think this will be a good short term rally.

>>12166105
then rinse and repeat, btc is going nowhere for the next decade. because it doesn't really have any real competition. a sea of shitcoins may suppress it's price but everything is tidal locked to btc so when it drops they plummet.

>>12166117
>chinks 51% fork your shitcoin
Welp

Everyone’s heard of crypto but they’re not buying. Go talk to a normie and the usual response is, rightfully so:
>Scam/shady
>Hassle to understand or use
>Too volatile
>Buffett/dimon/gates said no
How the fuck do you overcome all that, coiner?

WHY ARE THERE NO THREADS ABOUT THIS??? HELLO?

>>12166133
Fuck off delusioner coiner

>itt newfags pretend to be oldfags to prop up bullish sentiment

>>12164853
Class of 2013 reporting. I have no idea what's going to happen. I hope you're right. I think we'll lambo-moon eventually but when will that be? Three months? Three years? Three decades? I haven't the foggiest idea.

Post Script: I'm banking on BTC, XRP, & XMR for the Long haul.

>>12165932
If by over you mean stagnant then yeah, it’s all over.

>>12166241
nah 2019 will be hell all coiners will once again know despair. but btc will go beyond your wildest dreams (long after you sold it all if you are a fucking retard) i'm pretty sure it will hit $1mil before 2029 maybe a peak as early as 2025. $100k by 2023 is almost guaranteed.

2011 oldfag. BTC is going to sub-$100. BSV is going to $1 million. Thousands of cucks will neck themselves for being brainwashed by core devs who know nothing of economics and were tricked by 'muh faketoshi' propaganda. Segwit has a fatal security flaw cant be fixed.

>>12166269
You just revealed how delusional you are. Saying we’ll be bear for a year or two is understandable, but no sane person will forecast crypto that far. Get your head checked.

>>12166173
Get rich fast schemes sell very well no matter how shady they are.
Greed, that's how you overcome it. It worked every 4 years and it will work if it won't die first.
Why do you think people mortgage their houses to buy @20k? They thought it will go up forever. Don't ever underestimate stupidity of the masses.
If BTC goes to 15k and keeps going up the people will buy in again. Different people each time.

As to the topic of TT: I'm still bearish for now and until next halvening. We should see a regular pump a year after the halvening or 6 months after. This is one repeated cycle that doesn't fail. The only thing that gives me hope that it MAY be faster this time is Silbert Tweeting that 2019 will be great for cryptocurrency. Fuck if I know if he means next bull though, but something is in the making for 2019.

>>12164853
'14 fag here
I think we will have a dump end of Jan/early Feb! But no where near a violent as in the past.

Also a dump after Friday (21st) as ppl will want to close out there positions for Christmas.

>>12165662
This is a bull trap if I've ever fucking seen one. We still had another 30% to go before we hit bottom and then a massive buying spree out of nowhere. If you cant see this for what it is, you're the amateur.

>>12165740
Source: your asshole

>>12164853
I'm waiting for it to dump a bit more, but I'm definitely bullish at these prices

>>12166293
it's all pretty clear if you look at it. i'm not saying btc can't die off and be done with, i'm saying if crypto is here to stay btc will be the king for the next decade and if adoption catches up (currently around 0.053%) say 10% it has to be worth hundreds of thousands of dollars. there is no way around it. it also will not replace the banking system they will coexist.

if crpyto gets adopted by central banks and banks for settlement it will not be btc.

traditional finances are all centralized trustful authorized elastic supply inflationary, btc is decentralized trustless unauthorized fixed supply deflationary. the two world has nothing in common. they can not be reconciled. but they can co-exists as people will choose either or both depending on how they see the world.

>>12166369
no source: it's what have happened so far every time btc tried to go up.

>>12166346
>This rally will fail like others

>>12166298
Every time that cycle happens you burn through your supply of suckers, who then warn future potential suckers. Incidentally, the rally to $20k was chinks trying to evade capital contriols. That window has now been closed; thanks based Winnie the Pooh.

>>12166272
>Same old crappy segwit FUD
It's like people don't even bother to understand the technicalities of how shit works before talking shit

>>12166381
Get this: no coin works as intended bcz the tech/scaling is and always will be SHIT. Unlike years ago, now we have NOTHING to look forward to. All potentials have played out and failed.

>>12164853
2011 fag here.

Still a multimillionaire, down $30mil from my peak

It's fucking fine. If you can't hold through some swings like this it ain't your rodeo cowboy

>>12166471
I agree, that's why I wrote : different people each time.
I know brokers that are interested for their personal "investment" but will consider going in when the trend is "solid" and the BTC is above 15k. They think that crypto is manipulated but not more than stocks. Are they smart? No. Are they going to buy in at the top? You bet your ass that will. Because they think that the ath this time is going to be around 50-60k and they are going to make huge returns. They want to see "the trend" though after "reversal". I use "" because it's all stupid and because this market is manipulated to shit since the beginning, but it doesn't change the fact that the 20k top made some normies pay attention, they missed out, in their opinion so they are not going to miss out again.

>>12166471
>burn through your supply of suckers
This. The thing with crypto is that it’s so controversial and hard to change people’s mind on whether to buy or not. Everyone’s been exposed to it, those willing to buy probably got burned, and those unwilling will probably NEVER buy, esp after the 2018 shitshow

>>12166555
Fair enough and I appreciate your digits, however I’d still argue we hit peak sucker this time last year. Maybe at some point in the future enough normies will pile in, but I don’t expect it to happen anytime soon.

>>12166596
The next catalyst has to be working tech -> institutional money, but let’s be honest scalable blockchain is a fucking meme

>>12166381
>but they can co-exists as people will choose either or both depending on how they see the world.

People will chose something that's safe and reliable, which BTC is definitely not in its current state. The Mt. Gox fiasco highlights the lack of security features BTC. Once people steal your BTC, there's no way of getting it back.

>>12164891
I totally agree.

>>12166620
Imagine being this blue pilled

>>12164853
sauce on the whore?

>>12166381
btc is centralized when 90% of it is owned by a handful of Chinese Jews

>>12166620
>scalable blockchain is a fucking meme
t. ignorant mongloid

>>12166645
i would argue that the banking system is not safe either. bailouts and bank runs are a regular thing. over leveraging the economy and piling up debt and long term steep inflation is a global issue. hence i'm typically someone that will shift his cash in and out of btc depending on the situation.
>The Mt. Gox fiasco highlights the lack of security features BTC.
no the mtgox is a centralized service same as any bank.
>Once people steal your BTC, there's no way of getting it back.
well once you give your btc to someone he can not give it back. what did you expect?
>>12166818
those numbers are no longer true if they ever were. btc is past peak centralization.

>>12166035
Kind of like the actual stock market huh? Where the top 1% own 90% of everything. You underestimate the retardation of normies and the desire of autists and whales to make money. They will fomo back in around 15k and pump it 5x like every other bullrun.

>>12167070
well it's kinda right. you either have a trustless distributed decentralized public ledger or you scale. we will see it's 10 years too early to bury the tech. the biggest question is how will ln change the game if.

>>12166241
>it’s all over.
capitulation

>>12167181
>trustless distributed decentralized public ledger
>somehow this isn't worth $trillions because niggers cant do onchain KFC transactions
the state

>>12167181
Decentralization is not a binary.

>2013 fag here,

yall talk too much

https://www.cryptopivo.com/a/jp5p1qan

this will do the talk for y'all

>>12164891
>blocks your path
>what'd you say to me you little transparent shit?
imagine not buying a coin destined for 4-5 figures when it's sub $50.

>>12164853
5k3

Then massive dump, there is still a fucktone of hands to shake.

>>12166491
that's right cuck, just keep your head buried in the sand over in your cuck corner

>>12166501
>tech/scaling is and always will be SHIT

XRP scales.

I know talking about that is heresy. I'm supposed to only like some super haxor 1337 Byzantine fault tolerant real-block-chain™. Web of trust systems are haram.

Well guess what, if the web of trust set up works because it's plugged into banks and I can make money off of it then I'll take advantage of it.

>>12166501
>All potentials have played out and failed.
of course see this is the difference between innovators and bystanders. the first many that flew just ignored the fuck out of the naysayers. but even then nobody saw what good it could do to fly. who would have foreseen today's commercial flights or regular space shuttles to mars back then? maybe some did but most thought they were idiots. it was inconvenient and extremely dangerous to fly the tech was shit the planes small capacity and unreliable. if it was up to people like you we would still be riding horses.

>>12167216
most coins that scale don't have problem with decentralization or the potential of. they have problems with the trustless and permissionless part.

>>12166173

Normies buy XBT certificates you narrow sighted fool.
Soon more of these will be available for more people around the world. XBT is just the first.

>>12166173