/biz/ - Business & Finance

>>16004220
institutions, for sure this time

>>16004220
those who look back

>>16004220
Me. I just deposited $1,000,000 and will buy in $10,000 blocks 5 times a day for the next 20 days.

>>16004945
Have fun losing all of your parents money

>>16004330
>BTC dropped 50% in a fucking day
I would literally rope if that ever happened. Shortly after going all in with my entire life savings

>>16004220
just bought $100 bucks worth to add to my stack.

>>16004220
This looks like any other shitcoin pattern, but dragged out over months rather than weeks. Wake the fuck up.

>>16005062
Hahahahaha fucking pussy bitch, can't wait to see you posting pink Wojaks in 3 years time.

Bitcoin 1 million 2022
Chainlink 10000 2021

Faggot

>>16005062
kek. not yet it doesn't. the shitcoin charts have already bottomed back down after their bounce. bitcoin has just started on it's second major downtrend.

>>16005025
That's so weak willed. Poof.

>>16004220

The same moron who bought 130 BTC off me @ just over 18k last year

>>16004989
>retardedly thinks it will go to 0

>>16006235
How do you value a bitcoin?

What fundamental worth does it have that will keep it from 0?

>>16006364
No one will sell it for 0.

>>16006364
For one thing you look at support levels, noob

>>16006364

>>16006815
nobody likes bitcoin anymore though. the people who are still hanging on are like the degens you wake up to after a night of partying. it's 8 AM and everyone sane went home a long time ago to get some sleep... but these cunts are still drinking in the backyard, unable to accept that it's actually over.

Microsoft market cap 816 bn
Apple market cap 844 bn
Bitcoin market cap 135 bn

capitulation wick to 4k first.

>>16007060
Your autism: Priceless

>>16004220
Not in log chart
I sleep

>>16007020
Were just getting ready for the new party to start out back. WE DONT SLEEP WE DONT EAT.

>>16006364
based

>>16006450
I’m all in to buy at 0

>>16004220
macro trend is on the curve upwards going into a parabolic rally
bearfags will get BTFO

>>16007980
It's funny to watch you clown parrot out these terms.

>>16004330
>when marketcap was micro

Good luck finding enough greater fools to pump this time

>>16007020
>nobody likes bitcoin anymore though
miners are still paying millions of dollars in electricity for bitcoin and soon there will be half the reward

>>16007020
This implies that a new party will begin in several hours' time if there are people around to begin one

>drops over half a thousand dollars
>trade volume barely moves
how much further has this got to drop before everyone starts buying again?

>>16008604
6.3k is a massive resistance, everyone and their grandma will probably long it. will at least bounce upwards a bit from it

>>16008604
yeah show me the addresses that are actually dumping, because there are none. market making by exchanges by now is just manipulated by chinese triads, wall street and so on.

I stopped measuring in fiat money long ago, because with that shit I will never get a house or even a car without submitting myself in eternal debt slavery. I take my coins to the grave if necessary.
>>16008264
so you say we are the greatest fools? my iq is 134!

>>16008372
not till next weekend. that's a long time in this analogy. it's been almost two years since the last bullrun party.

>>16009271
What if a lot of people had fun at this party and now more people want to come next time?

Newfag question: is there somewhere to track new wallet creation, perhaps as a proxy for new money coming in? I know wallets can be created ad infinitum but there might be a correlation. Bully away

>>16004220
suckers

>>16009640
i would argue google trends are likely a far more correlated indicator than wallet generation. your average norman can't differentiate their coinbase balance from a personal btc address.

>>16009668
Fair enough, but that hasn’t exactly been looking too hot from shit I’ve seen posted here recently

>>16008714
My IQ is 140 you simpleton.

>>16004220
Thoughts on potential bounce back to 8k within the next week? or should I just sell right now?

>>16007020
Yeah man, let's instead invest all our money in a shitcoin that can have its blocks manipulated with ~100,000 USD worth of GPUs.

high 4k.

>>16005025
I miss these days. Shit was insane

>>16006364
It's a network you dipshit. Do you want to hold it in your hand?

Buy signal

>>16004220
nigga open up the yearly candle chart on BTC... Bitcoin is still in its early infancy, just chill for another 10 years and you'll see

>>16004220
folks that can predict the future

Ok, we are all fucked ups, lets admit it. We are mostly 25 to 30 years old full of high hopes and dreams, full of potential and knowledge, but in debt and without real opportunities - all because of neoliberal governments and our elite way of see human progress. I hope what I tell you helps somehow. So you fuckers can use your money wisely and make this a better world.

I am going to tell you guys what I believe its going to happen and hope you all tell me you honest opinion about my analysis. Bitcoin is going down to below 6000, it may even hit 4000. The reasons are: NVT RSI is too high to be at bottom; Mining difficulty is going down ( that is know to bring selling pressure for a number of reasons) ; The realized market cap is around 5500 (the price payed in USD for the coins at selling time). I have one more main reason - that I am not going to tell now - and its the main one. Tell me : what indicator you guys are using to make your analysis; and where are those indicator available. And I may show my sources.

Btw, when bitcoin falls its going to bring all AltCryptos down too, that is the patern I see mostly. So that means link is going down for a while at least. I am sure it will be the patter for all consolidated AltCoins, maybe link dont fallow that pattern.

Sold everything I bought at 4k this year at around 8k and made $50k on the trade

happy enough about that but yeah its fucked, good luck bulls

>>16009984
/thread

This is the (local) bottom

>>16010849
Fucking pajeet

>>16008652
>6.3k is a massive resistance, everyone and their grandma will probably long it
You should expect it to break. They call it capitulation for a reason

Requesting that image of green thanos with a link cube covering his massive cock

I will post this in every thread until someone drops it

>>16006364
The cost of producing bitcoin imbues it with value.

>>16011278
If I eat expensive caviar mixed with gold flakes, would you like to buy my shit for the price of the caviar and gold plus another 10% for my effort in shitting it out?

>>16009984
>based big brain

>>16011398

> what is consumption?

>>16011398
Shit isn't a commodity. Your shit is not the same thing as caviar or gold. You don't understand what commodities are, what production or consumption are or how they affect value.

>>16004220
The better question is would you short this? I would. Price fell off a cliff and cant even climb back to old support level. Lower highs too...

>>16011676
i can see schlomo silhouette on right

>>16004220
smart people do

enjoy poverty

>>16011742
Yeah I see merchants everywhere now too. Halp

>>16006364
The network itself, all the nodes, hashpower, developers, etc is the fundamental value. Owning BTC is owning a piece of this network.

>>16011797

This exactly. Too many people can't see the forest for the trees when trying to ascertain bitcoin's value.

It has value because of the network.. bitcoin is just the native asset that can be used on the network

>>16006364

See above post. Owning any amount of bitcoin gives you access to the bitcoin network... the largest decentralised immutable ledger in history

>>16009984
fuck these charts

that 2017 chart is 5 months AFTER the halvening

it would apply to us in June 2020 and no sooner

stop comparing apples with smell cunts

>>16004220
ZOOM
IN

>>16004220
Unironically bought $5000 worth yesterday and will be doing again next month.

>>16004220
And remember what happened he last time? Alt season is coming.

>>16012364
based

this may not be the end of the bear market, but it is certainly an accumulation phase.

Euphoric bears? Yeah, all in, enjoy the 600 million in shorts that are about to get ass blasted in the next few days.

>>16010928
Why even get out of bed for $50k