/biz/ - Business & Finance

>oversold

put in 1000 btc order at $1
market panic liquidity runs out price temporarily zeroes then recovers to above $1000
bamm you made it

stocks are not oversold yet, we need atleast -10% more on sp500
and yes btc will reach 1k and never reach 15k

>>17815762
bullshit no matter where it goes now it will be $100k within 2-3 years.

>>17815759
Just done this. Thanks.

>>17815656
This actually makes a lot of sense

We are at peak coronavirus panic. When people chill and realize 'pandemic' is just a scary word that reminds us of zombie films things will calm down.

>>17815762
>btc will reach 1k
maxumum doubt, but I hope it did
>and never reach 15k
also doubt

>>17816150
and think for yourself, how many normies actually 100 to 0 their stock/crypto/investment/bank accounts, and how much of this shit is really the outcome of margin trading/brokers/crypto whales manipulating the market.

news are just clickbait shit, posting pictures and videos of people fighting for toilet paper like it does matter.

nobody cares in media about comforting people, those hyenas just want to make money on views.

and same goes to all markets, shorting and dumping prices to lows where players can load their bags and then sell it for premium weeks from now it's in their best interest

imagine how much money will be made in "recovery" phase

What about the fact that people still won’t be able to go to work, travel and spend money on anything because of lockdowns? Do you think the virus will disappear tomorrow? It will take months which will cause many companies to go under due to negative cash flow. Millions will loose their jobs around the world and there’s literally nothing that can stop that. I just can’t see how we won’t continue to drop. And btw to those people who thought that crypto would do well during a recession you’re still brain dead. Crypto will definitely move in the direction of the overall market during times like these.

the corona has only started

>>17815656
just margin longed 0.46 ETH, wish me luck

>>17816305
It's basically over in Asia what are you talking about.

>>17816261
>High level boomers sell a bunch of stock months ago
>Corona virus comes around
>Turn on the media fear machine
>Crash everything
>High level boomers buy back in at massive discount
Heh, nothing personnel zoomies

>>17815656
I agree. If there isn't a mutation the virus will probably be a benefit for the western economy long-term. Short term obviously a lot of uncertainty but the fundamentals are bullish. This isn't like the dust bowl where the long term economic impact is unarguably negative.

>>17816300
> Millions will loose their jobs around the world and there’s literally nothing that can stop that.
> spend money on anything because of lockdowns
temporary effects
>>17816305
>flu season has only started
>>17816326
basically it
>>17816351
not every western country i would short
>UK
>Spain
>France
>Germany

Stocks will drop further. Crypto will decouple this year, just not sure if this spring or later this year.

>>17816300
>spend money on anything because of lockdowns
that would be a very good point if I was shoot down in a basement. But since I go outside I can tell people are spending more than ever.


Crypto will definitely move in the direction of the overall market during times like these
>will

You mean "has". That already happened. You're looking at what happened in the last few weeks and pawning it as you making an "expert" prediction

>>17816300
Only virgin Southern European countries are doing lockdowns.
UKs plan is to lockdown the over 70s and let everyone else continue as normal. USA will probs take this route too.

>>17816555
>checked

arguing with doomers is futile, they desire the end and won't see any postives from this fenomenal opportunity, I for one am all in, even asked for advance cash from my company to get more, bottom line is that even if it drops to 3k lvls, it's still kosher

>>17816555
It has happened and will continue to do so. I have been saying this in every thread about what would happen to crypto long before any of this shit happened. It still baffles me that anyone would think otherwise.

>>17815762
>drop 10% more
According to what exactly? I would say stocks are currently undersold, they'll be less so as corona wears on but I predict calm for next week as people have mostly braced for the worst now. We'll surely drop a few more percentage points but not 10%. The fed is making sure the banks are solvent, Trump managed to salvage oil prices, things are not going to be as bad as last week.

>>17816635
Oversold*

>>17816596
>bottom line is that even if it drops to 3k lvls, it's still kosher
Yes, yes, but if I buy then I will have nearly twice the btc.

>>17816570
We are still in the early stages and many countries have taken drastic measures not seen since ww2. Trust me I would love for this to not impact the economy and blow over within a couple of weeks but i just can’t see how. The best case scenario imo is that we somehow avoid the markets to crash substantially and then stabilize within 3-6 months.

>>17816661
i can give you a rundown what my country already did with 60 cases and 1 dead, and 3 days later is around 100 cases and 3 people dead
>57,66,75 yo (RIP) all with chronic diseases

but i guess this wouldnt fit your agenda of doom2020 incoming

what you experienced this month is just BigShort sequel, starring all retards who thought they knew anything

>>17815656
>oversold

>>17816570
p much this desu. us and uk are betting on "herd immunity"

the top of the panic has not been reached yet

>>17815656
yes dad

>>17816741
>forever alone face
>altered
>vectorized
>filename: troll.png

>>17816849
The board is filled with idiots

>>17816741

>>17815759
>mfw reaching that low
If it happens i'm gonna laugh until death

>>17816623
It will decouple eventually.

>>17815656
US citizens are still calling it just the flu. The bottom isn't in yet.

>>17816300

Exactly..The economy is gonna be fucked for a couple of months at least, these idiots on here still think people are gonna speculate and spend 5k on a bitcoin

>>17817216
>people are gonna speculate and spend 5k on a bitcoin
one giga rich fucker is enough to do it by himself (note I'm talking richest of the richest-tier)

>>17815656
BTC sucks, buy ETH and OGN instead.

>oversold

>>17815656
>>oversold crypto
BTC is worth $7,000 and should start at that price
>>oversold stocks
I think they were overbought
>>people buying months of supplies
Yes. There is a slim but real chance of a bank run as well
>>people calling for 1K BTC
Eventually it will be
>>herd of sheeps in tether
Nobody should be in crypto in significant %
>>herd of sheeps in cash
They can easily buy

>>17817416
>Eventually it will be
>Nobody should be in crypto in significant %
internet is a beautiful thing, i can connect with retards like you from another part of the world, through magic in the air. truly inspiring that person with such disability managed to breathe and stay alive, while spitting out that kind of retardation, solve captcha, anc clik "post". stay strong, and remember about your helmet

>>17815656
Remember this. The bottom is zero.

>>17817033
your mom's nickname is not Reddit.

>>17817889
>reddit with capital R
>mom insult

BTC people are the most delusional out of everyone in the finance world. literally worthless governments will issue their own versions of online currency in the future. Now BTC is completely backed on a pyramid scheme and drug markets.

>>17817976
KEK

>>17815759
Jokes on you. I just put in my order at $1.01

>>17818858
>1.02$ fren
>nuffin personell

>>17815656
unironically this

who here accumulating?

>>17816261
you just need to still have money to buy when its low or hold through.

its not a loss unless its realized

>>17816300
1. yes we will drop further but its time to start DCAing

2. bitcoin doesnt perform well YET.

when the banks and the monetard system collapses, we will se btc at ~3Mil. before 2030

>>17816524
this